Global technology and value-added solutions group Net Element (NASDAQ: NETE) recently reported its entry into a partnership with Sputnik Bank in Russia. The arrangement aims to offer third party bank processing to other banks throughout the country. A recent article further discussing the company’s partnership reads, “Net Element and Sputnik are expected to start selling a processing service to small banks, Russian third-party vendors, credit organizations, value-added resellers and sales organizations. The cost of processing will be brought down, and the service will also give smaller Russian banks a chance to utilize much more current software than the products on which they’re currently relying for in-house processing. … Sputnik will provide the capacity for the data center needed for the execution of the program. Financial instruments for settlement of transactions will also be provided. The partnership will enable PayOnline to process transactions as a payment facilitator. This way, PayOnline’s offering will be expanded beyond the current electronic commerce.”
Net Element, Inc. (NASDAQ: NETE) operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the U.S. and selected emerging markets. In the U.S., it aims to grow transactional revenue by innovating SME productivity services using blockchain technology solutions and Aptito, the company’s cloud based, restaurant and retail point-of-sale solution. Internationally, Net Element’s strategy is to leverage its omni-channel platform to deliver flexible offerings to emerging markets with diverse banking, regulatory and demographic conditions. Net Element was ranked as one of the fastest growing companies in North America on Deloitte’s 2017 Technology Fast 500. In 2017, Net Element was recognized by South Florida Business Journal’s as one of 2016’s fastest growing technology companies. Further information is available at www.NetElement.com
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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NEW YORK, Oct. 31, 2018 — via CannabisNewsWire – CannabisNewsWire (“CNW”), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Youngevity International, Inc. (NASDAQ: YGYI), a client of CNW offering a hybrid of the direct selling business model that combines e-commerce and the power of social selling.
To view the full publication, titled “Cannabis Ignores Wider Stock Market, Follows Its Own Path,” visit: http://cnw.fm/wTL7L
The cannabis industry isn’t self-contained. The spread of legalization and the emergence of derivative products has created a diverse sector combining exciting startups with older companies dipping their toes in a novel market. Alongside the pure-play cannabis brands, there are pharmaceutical businesses and even lifestyle companies such as Youngevity International, Inc. (NASDAQ: YGYI).
The idea that weed doesn’t correlate to other stocks seems to have some truth. This was shown by the events of early to mid-October, when legal reform and individual brand announcements set it on an opposite trend from other shares. While the Dow has headed towards its worst month since May 2010, cannabis stocks have carved their own path. It looked like good news for companies such as Youngevity.
About Youngevity International, Inc.
Youngevity International, Inc. (NASDAQ: YGYI) is a leading omni-direct lifestyle company offering a hybrid of the direct selling business model that also offers e-commerce and the power of social selling. Assembling a virtual Main Street of products and services under one corporate entity, Youngevity offers proven products from the six top-selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry, as well as innovative services. The company was formed during the summer 2011 merger of Youngevity Essential Life Sciences with Javalution® Coffee Company (now part of the company’s food and beverage division). The resulting company became Youngevity International, Inc. in July 2013. For more information, visit the company’s website at www.YGYI.com
About CannabisNewsWire (CNW)
CannabisNewsWire (“CNW”) is a specialized information service that (1) aggregates cannabis news, (2) provides CannabisNewsBreaks that quickly updates investors in the space, (3) enhances corporate press releases, (4) helps companies with distribution and optimization of social media, and (5) delivers comprehensive corporate communication solutions. CNW is uniquely positioned in the cannabis market with a strong team of journalists and writers who can help private and public companies reach a wide audience of investors, consumers, journalists and the general public through our ever-growing dissemination network of more than 5,000 key syndication outlets. CNW is bringing unparalleled visibility, recognition and content to the cannabis industry.
Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.
NAPANEE, Ontario, Oct. 30, 2018 — VIVO Cannabis Inc. (TSX-V: VIVO, OTCQX: VVCIF) (“VIVO” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Harvest Medicine Inc. (“Harvest Medicine” or “HMED”), one of Canada’s fastest growing specialty medical cannabis clinic networks, is launching a free telemedicine service for medical cannabis care and education via an app.
The service, known as HMED Connect, will allow patients from across Canada to access Harvest Medicine’s class leading education and patient-centric model at any time, from the comfort of their homes via mobile phone, tablet or computer.
“HMED has been recognized for its unique approach and dedication to providing exceptional care at its physical clinics and we are now bringing that model into the virtual telemedicine space,” stated Shekhar Parmar, Chief Executive Officer of HMED. “Our belief is that HMED Connect will transform the medical cannabis experience for patients and physicians and open the door to unique partnership opportunities with pharmacies, insurance companies, primary care physicians, and other healthcare organizations.”
HMED Connect is a custom built, secure, user-friendly, multi-media rich telemedicine platform that features seamless integration of educational videos and access to helpful patient resources.
The mobile or desk-top app facilitates virtual appointments for patients with intake staff, prescribing clinicians and cannabis educators, resulting in the full completion of the patient journey, including registration with Licensed Producers, and ongoing support. HMED’s proprietary methodology, perfected over the course of over 45,000 patient visits, for assessing the patients’ needs and appropriately matching them with the ideal License Producer ensures that patients are not overwhelmed in the selection process and end up with the best suited provider.
“Not all telemedicine platforms are created equal. HMED Connect was developed to be the best in class, and as a direct result of feedback from our patients and an emerging trend in healthcare for convenient telemedicine solutions,” said Mr. Parmar. “We believe that this unique platform containing guided video content, educational resources, and much more, will allow us to scale our highly success model across the country and help more Canadians realize the benefits of medical cannabis.”
Visit www.hmed.ca/connect for more information and to download the App from the Apple iOS and Android Play stores.
About Harvest Medicine
Harvest Medicine (“HMED”, more information atwww.hmed.ca) is an education focused, patient-centric, network of specialty medical cannabis clinics where patients receive best-in-class education, care, advice and follow-up support as they approach cannabinoid-based medicine.
Growing to 6 locations in 4 provinces, aided by the recent acquisition of Trauma Healing Centres, and amassing over 22,000 active patients in under 21 months, HMED is one of Canada’s most successful and fastest growing cannabis clinic networks. Earlier this year HMED was acquired by VIVO Cannabis Inc. (TSX:VIVO). With the additional capital backing of VIVO, and the launch of a custom-built telemedicine platform, HMED is poised to aggressively expand their effective and highly scalable model across the country.
About VIVO Cannabis™
VIVO, based in Napanee, Ontario, is recognized for trusted, high-quality products and services. It holds production and sales licences from Health Canada and operates world-class indoor cultivation facilities with proprietary plant-growing technology. VIVO has a collection of premium brands targeting unique customer segments, including Beacon Medical™, FIRESIDE™, Canna Farms™ and Lumina™. In August 2018, VIVO acquired Canna Farms Limited, a premium cannabis company based in Hope, British Columbia. Canna Farms was B.C.’s first Licensed Producer and has several years of craft cultivation experience and expertise, as well as a significant patient base and positive cash flow. The Company is significantly expanding its production capacity and pursuing partnership and product development opportunities domestically, as well as in select international markets, including Germany and Australia. VIVO also operates Harvest Medicine, a patient-centric and highly scalable network of specialty medical cannabis clinics as well as a soon to be released free telemedicine app. VIVO has a healthy balance sheet and is well-positioned to accelerate the growth of our business, in Canada and internationally.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
This news release contains forward-looking statements, including statements regarding the successful launch of HMED Connect, the potential benefits to patients of using the service, and the potential benefit to HMED of launching this free service. The forward-looking statements in this release are based on certain assumptions and involve known and unknown risks and uncertainties and other factors that could cause actual events to differ materially from current assumptions and expectations, including that patients may not find the service helpful, HMED may not benefit from the provision of this free service, and regulations around medical cannabis education and use may change. These forward-looking statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements, including that there may be regulatory impediments to the success of HMED Connect; and that there may be operational and technical challenges in implementing HMED Connect. A more complete discussion of the risks and uncertainties facing the Company appears in the Company’s Annual Information Form for the year ended December 31, 2017 and other continuous disclosure filings, which are available on SEDAR at www.sedar.com. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking statements as a result of new information or future events, or for any other reason, other than as required by applicable securities laws.
Tuesday, October 30th, 2018UncategorizedComments Off on $VVCIF Launches Free Medical Cannabis Telemedicine Platform
LOS ANGELES, Oct. 30, 2018 — via NetworkWire – NUGL Inc. (OTC: NUGL) (the “Company”), the cannabis industry’s new standard of technology, today reports it has expanded internal operations to support sales and marketing growth as well as the anticipated launch of NUGL Magazine.
The newly created sales and marketing leadership positions within NUGL include:
LA Regional Sales Representative;
National Sales Representative; and
Online Digital Marketing Manager.
Five new consultants have recently been added to the team as a part of this expansion. Collectively, the positions range from national advertising sales associates to internet traffic manager positions and national content contributors.
“We are growing fast, and November is the month to start monetizing our growth. We are creating a massive digital footprint with the acquisition of two magazines underway and the launch of NUGL Magazine. Our digital footprint offers something for all types of cannabis enthusiasts and the NUGL software is at the heart of all of it,” said Ryan Bartlette, CMO of NUGL.com.
NUGL has signed a binding letter of intent this month to acquire a 100% ownership interest in Nichols Publishing, which owns and operates Garden & Greenhouse and Professional Marijuana Grower, and now has launched their own culturally based magazine, NUGL Magazine (https://nuglmagazine.com/). Each magazine offers something different, allowing a wide range when it comes to reaching large audiences.
“NUGL Magazine covers how the cannabis industry effects everyday culture in our lives. Music, cooking, and even the job you go to everyday are now being influenced by cannabis. Cannabis is mainstream, and NUGL magazine is going to cover this,” said Bob Waters, V.P. of Sales for NUGL.
With the legalization of marijuana recently in Canada, technology is playing a big role in this industry, including everything from artificial intelligence in production, to software for supply chain management, to e-commerce sites for distribution and apps to help track usage. In a recent ITBusiness.ca article, it was stated, “With Bloomberg predicting $4.5 billion in sales by 2021 in the cannabis sector, there is a lot to be gained from entering the new cannabis industry, and companies across Canada are looking to cash in, from Canadian tech-giant Shopify, to local startups, these organizations are finding new ways to plant their seeds in the recreational cannabis market.”
As a software company in the cannabis space, and now having a national publication and another few in the works, NUGL is creating a media conglomerate built around a software application with potential for massive networking reach. This is an aggressive strategy that will allow its userbase to find multiple uses and content.
ABOUT NUGL MAGAZINE
Along with NUGL’s partnered publications – Professional Marijuana Grower and Garden & Greenhouse – NUGL Magazine covers the cannabis industry’s biggest news and how it effects the community at large. Our global contributors share real life stories about current cannabis issues and events. We share bios, news and advice straight from those who are actively participating in and shifting the cannabis industry. Whether it’s original compelling content or fan submissions, we seek to offer you the hippest trends, latest legislation, newest products and best of everything cannabis related!
NUGL and Nichols Publishing, an Iowa-based corporation that publishes Professional Marijuana Grower and Garden & Greenhouse, entered into a joint-venture marketing agreement 30 days ago.
“The synergies between the magazines and NUGL’s software are aligned perfectly. Previously, our userbase utilized our application to perform a function, and then they left. Now, we can give our userbase additional content and redirect NUGL traffic to the magazine and vice versa. Together, both companies will be stronger, and we plan to expand the magazines’ readership in a big way once the acquisition is complete,” said Bob Waters, V.P. of Sales at NUGL.
About NUGL
NUGL is the world’s first cannabis search app built for the people, by the people. Our goal is to build the most user-friendly app experience in the cannabis industry by listening to our users and giving them what they want. NUGL is the only cannabis search app that offers equal and unbiased search results. We don’t sell top-spot listings or fake reviews, so our data stays true. Use NUGL to search for genuine user-rated dispensaries, strains, doctors, lawyers, cannabis service providers, vape shops, hydro stores, brands and more. NUGL’s flexible web app has no geographic limitations and can rapidly connect cannabis companies, related vertical services and users. The NUGL iOS and Android app brings a powerful cannabis search tool within reach of anyone, anytime, anywhere with the ease of a smartphone.
For more information and updates, visit one of the links below.
Certain statements in this press release may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses or net earnings; projections of growth; and assumptions relating to the foregoing. Such forward-looking statements are generally qualified by terms such as: “plans”, “anticipates,” “expects,” “believes” or similar words of like kind. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information. These factors are discussed in greater detail in the company’s business plan and filings with the OTC Markets Group.
Cannabis Strategic Ventures (OTC: NUGS) recently appointed a new board member with expertise in finance as the company prepares to uplist to a national exchange. A recent article discussing the company’s strategic move reads, “The appointment of Alan Tran to the board of directors of Cannabis Strategic Ventures, Inc. (OTC: NUGS) augurs well for the company’s fortunes, because it is an action that’s likely to be replicated across the cannabis industry. A report in Forbes (http://nnw.fm/C6w5Y) titled ‘Marijuana is the Fastest-Growing Job Category, Top Recruiting CEO Says’ shows that those forces are already in play. Now that 31 states and Washington, DC have legalized medical marijuana and 10 of those jurisdictions have done the same with recreational cannabis, “there’s 445 percent growth in job listings… year over year.” Cannabis Strategic Ventures aims to capitalize on that trend. Earlier this year, the company completed a definitive agreement to acquire Worldwide Staffing Group, Inc., which, in 2017, booked approximately $1.5 million in revenues. Its hire of Tran is the first in a series of steps to be taken as it prepares to uplist its common shares to a national exchange.”
Cannabis Strategic Ventures is a Los Angeles based firm that incubates, develops and partners with category leaders within the cannabis sector. The Firm’s NUGS brand experience provides mentorship and a range of essential services to emerging and existing Cannabis consumer brands. The company recently completed a name and symbol change from Cascade Energy, Inc. Cannabis Strategic Ventures is publicly traded on the U.S. Over the Counter Market with the stock symbol NUGS. For more information, visit the company’s website at www.CannabisStrategic.com.
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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Leading omni-direct lifestyle company Youngevity International (NASDAQ: YGYI) is taking advantage of oceans of opportunity and big business in the cruise industry in striking a new deal. An article discussing the company reads, “Its coffee manufacturing division, CLR Roasters, has bagged a contract with another top cruise operator. The two-year deal means roasting and serving coffee to the entire crew and staff of the cruise line, which has a fleet of 60 ships serviced by over 60,000 people from some 100 countries. It also requires CLR to supply coffee to the passengers of three luxury cruise ships. As global popularity of the caffeinated beverage continues at record highs, Youngevity’s fortunes are poised to rise in line. Our love of coffee ensures that.”
Youngevity International, Inc. (NASDAQ: YGYI) is a leading omni-direct lifestyle company offering a hybrid of the direct selling business model that also offers e-commerce and the power of social selling. Assembling a virtual Main Street of products and services under one corporate entity, Youngevity offers proven products from the six top-selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry, as well as innovative services. The company was formed during the summer 2011 merger of Youngevity Essential Life Sciences with Javalution® Coffee Company (now part of the company’s food and beverage division). The resulting company became Youngevity International, Inc. in July 2013. For more information, visit the company’s website at www.YGYI.com.
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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The acquisition of HemPoland accelerates opportunities for growth in the European market as part of TGOD’s international strategy
The company has received medical sales licensing for its Ancaster, Ontario, facilities – one of many sites where TGOD aims to cultivate cannabis products
The company recently closed a $75 million bought deal financing to further its expansion plans in Latin America and Europe
Cannabis company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) has announced the acquisition of HemPoland and the closing of a new bought deal financing, part of several recent developments demonstrating the company’s strong commitment to international expansion and the provision of immediate accretive revenue. The HemPoland acquisition has already received approval from the Toronto Stock Exchange (http://nnw.fm/nsU1B).
According to The Green Organic Dutchman CEO Brian Athaide, the transaction is a key milestone in the company’s long-term acquisition strategy. It delivers immediate revenue to shareholders while opening up a…
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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NUGL (OTC: NUGL) is a leader in the evolution of business relations, development and organic data in the cannabis industry. NUGL consistently adds new features to its internet-based search engine application that enables cannabis users to locate a specific product through a responsive directory. A recent article discussing the company’s technology reads, “NUGL is the cannabis industry’s first search app and online directory offering metasearch power with unbiased search results that don’t foster paid placement listings or preferential outside reviews. The search engine serves an international market without geographic borders and offers users a simple way to verify the cannabis brand retailers closest to the consumer with the desired products or services, including ancillary services such as medical or legal help.”
NUGL is the world’s first cannabis search app built for the people, by the people. Our goal is to build the most user-friendly app experience in the cannabis industry by listening to our users and giving them what they want. NUGL is the only cannabis search app that offers equal and unbiased search results. We don’t sell top-spot listings or fake reviews, so our data stays true. Use NUGL to search for genuine user-rated dispensaries, strains, doctors, lawyers, cannabis service providers, vape shops, hydro stores, brands and more. NUGL’s flexible web app has no geographic limitations and can rapidly connect cannabis companies, related vertical services and users. The NUGL iOS and Android app brings a powerful cannabis search tool within reach of anyone, anytime, anywhere with the ease of a smartphone. For more information, visit the company’s website at www.NUGL.com.
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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NEW YORK, Oct. 26, 2018 — In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC), QUALCOMM Incorporated (NASDAQ:QCOM), Net Element, Inc. (NASDAQ:NETE), AT&T Inc. (NYSE:T), Abbott Laboratories (NYSE:ABT), and The Kroger Co. (NYSE:KR), including updated fundamental summaries, consolidated fiscal reporting, and fully-qualified certified analyst research.
Complimentary Access: Research Reports
Full copies of recently published reports are available to readers at the links below.
(You may have to copy and paste the link into your browser and hit the [ENTER] key)
The new research reports from Fundamental Markets, available for free download at the links above, examine Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC), QUALCOMM Incorporated (NASDAQ:QCOM), Net Element, Inc. (NASDAQ:NETE), AT&T Inc. (NYSE:T), Abbott Laboratories (NYSE:ABT), and The Kroger Co. (NYSE:KR) on a fundamental level and outlines the overall demand for their products and services in addition to an in-depth review of the business strategy, management discussion, and overall direction going forward. Several excerpts from the recently released reports are available to today’s readers below.
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Important Notice: the following excerpts are not designed to be standalone summaries and as such, important information may be missing from these samples. Please download the entire research report, free of charge, to ensure you are reading all relevant material information. All information in this release was accessed October 24th, 2018. Percentage calculations are performed after rounding. All amounts in millions (MM), except per share amounts.
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KULICKE AND SOFFA INDUSTRIES, INC. (KLIC) REPORT OVERVIEW
Kulicke and Soffa Industries’ Recent Financial Performance
For the three months ended June 30th, 2018 vs June 30th, 2017, Kulicke and Soffa Industries reported revenue of $268.83MM vs $243.90MM (up 10.22%) and analysts estimated basic earnings per share $0.87 vs $0.49 (up 77.55%). For the twelve months ended September 30th, 2017 vs September 30th, 2016, Kulicke and Soffa Industries reported revenue of $809.04MM vs $627.19MM (up 28.99%) and analysts estimated basic earnings per share $1.78 vs $0.69 (up 157.97%). Analysts expect earnings to be released on November 19th, 2018. The report will be for the fiscal period ending September 30th, 2018. The reported EPS for the same quarter last year was $0.51. The estimated EPS forecast for the next fiscal year is $2.31 and is expected to report on November 19th, 2018.
For the three months ended June 30th, 2018 vs June 30th, 2017, QUALCOMM reported revenue of $5,599.00MM vs $5,371.00MM (up 4.25%) and analysts estimated basic earnings per share $0.82 vs $0.59 (up 38.98%). For the twelve months ended September 30th, 2017 vs September 30th, 2016, QUALCOMM reported revenue of $22,291.00MM vs $23,554.00MM (down 5.36%) and analysts estimated basic earnings per share $1.67 vs $3.84 (down 56.51%). Analysts expect earnings to be released on November 7th, 2018. The report will be for the fiscal period ending September 30th, 2018. Reported EPS for the same quarter last year was $0.82. The estimated EPS forecast for the next fiscal year is $2.80 and is expected to report on November 7th, 2018.
For the three months ended June 30th, 2018 vs June 30th, 2017, Net Element reported revenue of $16.46MM vs $16.14MM (up 2.01%) and analysts estimated basic earnings per share -$0.23 vs -$0.93. For the twelve months ended December 31st, 2017 vs December 31st, 2016, Net Element reported revenue of $60.06MM vs $54.29MM (up 10.64%) and analysts estimated basic earnings per share -$5.04 vs -$10.33. Analysts expect earnings to be released on November 13th, 2018. The report will be for the fiscal period ending September 30th, 2018. Reported EPS for the same quarter last year was -$0.90. The estimated EPS forecast for the next fiscal year is -$0.31 and is expected to report on April 1st, 2019.
For the three months ended June 30th, 2018 vs June 30th, 2017, AT&T reported revenue of $38,986.00MM vs $39,837.00MM (down 2.14%) and basic earnings per share $0.81 vs $0.63 (up 28.57%). For the twelve months ended December 31st, 2017 vs December 31st, 2016, AT&T reported revenue of $160,546.00MM vs $163,786.00MM (down 1.98%) and analysts estimated basic earnings per share $4.77 vs $2.10 (up 127.14%). Analysts expect earnings to be released on January 30th, 2019. The report will be for the fiscal period ending December 31st, 2018. The reported EPS for the same quarter last year was $0.78. The estimated EPS forecast for the next fiscal year is $3.64 and is expected to report on January 30th, 2019.
For the three months ended June 30th, 2018 vs June 30th, 2017, Abbott Laboratories reported revenue of $7,767.00MM vs $6,637.00MM (up 17.03%) and analysts estimated basic earnings per share $0.42 vs $0.16 (up 162.50%). For the twelve months ended December 31st, 2017 vs December 31st, 2016, Abbott Laboratories reported revenue of $27,390.00MM vs $20,853.00MM (up 31.35%) and analysts estimated basic earnings per share $0.27 vs $0.94 (down 71.28%). Analysts expect earnings to be released on January 23rd, 2019. The report will be for the fiscal period ending December 31st, 2018. The reported EPS for the same quarter last year was $0.74. The estimated EPS forecast for the next fiscal year is $3.19 and is expected to report on January 23rd, 2019.
For the three months ended July 31st, 2018 vs July 31st, 2017, The Kroger reported revenue of $27,869.00MM vs $27,597.00MM (up 0.99%) and analysts estimated basic earnings per share $0.63 vs $0.39 (up 61.54%). For the twelve months ended January 31st, 2018 vs January 31st, 2017, The Kroger reported revenue of $122,662.00MM vs $115,337.00MM (up 6.35%) and analysts estimated basic earnings per share $2.11 vs $2.08 (up 1.44%). Analysts expect earnings to be released on November 29th, 2018. The report will be for the fiscal period ending October 31st, 2018. The reported EPS for the same quarter last year was $0.44. The estimated EPS forecast for the next fiscal year is $2.23 and is expected to report on March 14th, 2019.
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The Bureau of Cannabis Control, together with the Department of Public Health and the Department of Food and Agriculture in California have released an updated draft set of rules that will form the permanent regulations which will govern the cannabis industry in the state.
The public has been invited to provide its input to that draft so that the regulators can finalize the document in early December. Public comments will be received until November 5.
Experts say the draft contains a number of “bombs” that will have a major impact on the way the industry operates.
For example, the draft set of permanent rules seeks to prevent third party entities from participating in the delivery of cannabis to consumers or retailers/distributors. Only third parties that have a cannabis license may get involved in the distribution of marijuana.
That measure would affect technological platforms which had come up to generate revenues from cannabis distribution. The draft regulations allow tech platform to facilitate the distribution as long as those platforms don’t earn from such an undertaking. This seems logical, since those tech platforms don’t have a marijuana license issued by the State of California.
Secondly, the draft rules seek to lower the quantity of cannabis that a delivery vehicle may transport during a single trip. Previously, delivery vehicles were allowed to carry cannabis or cannabis products worth a maximum of $10,000. That limit may now drop to $5,000 if that provision stays as it is in the draft rules.
Furthermore, at least $2,000-worth of cannabis from the $5,000 value loaded onto a delivery vehicle has to be for orders that have already been made. This provision may be intended to curb the practice of delivery vans moving with excess products in the hope that additional buyers will show up where the vehicle has gone to take products.
The third major change being introduced in the draft of permanent rules is the requirement for cannabis businesses to disclose everyone who has a stake in those businesses. The regulators want to know everyone who stands to benefit from the industry, so silent partners will become a thing of the past in the marijuana industry.
On a brighter note, the updated draft intends to reduce the stringent test requirements that previously resulted in many products failing those tests and being recalled from the market. This provision seems to be in response to a cry from the industry regarding the current testing protocols.
Additionally, licensed marijuana events will also no longer be restricted to county fairgrounds. This paves the way for a variety of cannabis events to crop up within the state as the years go by.
The updated draft rules seem to have been informed by the different situations on the ground as the industry evolves. Some areas have been tightened while other regulatory areas have seen restrictions eased somewhat. It remains to be seen what marijuana companies like Cannabis Strategic Ventures, Inc. (OTC: NUGS) and Canopy Rivers Inc. (TSX.V: RIV) make of those draft permanent regulations.
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
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Americans spending a growing amount of capital on cannabis concentrates, with forecasts for $2.9 billion in sales this year
Cannabis Strategic Ventures recently announced the introduction of high-quality concentrate line PureOrganix in California dispensaries
PureOrganix presence expected to gain national, international footing amid advancing tide of cannabis legalization
Cannabis industry incubator Cannabis Strategic Ventures, Inc. (OTC: NUGS) is working its way toward a national stock exchange uplisting and growing its presence within the industry through a series of timely business building ventures, including the introduction of PureOrganix, a brand marketed by subsidiary Pure Applied Sciences as a California dispensary shelf item that expects to blossom in a ready national and international market for legalized plant products.
PureOrganix is a high-quality concentrate line composed of organic and pure cannabis oils that conform to the U.S. Food and Drug Administration’s Current Good Manufacturing Practices protocols. Under a non-exclusive cannabis concentrate extraction services agreement with a U.S. subsidiary of Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF), Pure Applied Sciences gets white-labeled ultra-purified cannabis extracts that the company then develops through marketing and licensing efforts for distribution to retail stores.
“Having our brand available to consumers is a huge milestone for PureOrganix,” Cannabis Strategic Ventures CEO Simon Yu stated in a news release about the product line (http://nnw.fm/r6PB7). “We have spent months refining our formulation, branding and designing our product to appeal to our target demographic… Concentrates are already revolutionizing the way cannabis is being consumed. The PureOrganix brand has already captured a strong following.”
The company cites a September 2018 market report by Arcview Market Research and BDS Analytics (http://nnw.fm/weFh6) that Americans will spend 49 percent more on concentrates this year than they did last year, boosting concentrates’ portion of the overall cannabis market to 27 percent of sales. The report further predicts that spending on concentrates will grow from $2.9 billion this year to $8 billion by 2022, less than five years from now, following a rise of the overall market to more than $24 billion by 2021 (http://nnw.fm/SVs2Z).
“Understanding this growing market segment is quickly becoming an essential part of the strategic landscape for cultivators, extractors, distributors, brands, retailers, and investors operating in the cannabis space,” the report states.
More than half of U.S. states have provided some form of legal framework for using cannabis medicinally, and the FDA’s approval of a cannabis-based drug as an anti-seizure prescription medication led the U.S. Drug Enforcement Administration to reclassify the chemical extract cannabidiol (CBD) as a nationally legal drug in FDA-approved medications last month (http://nnw.fm/3q9Oq). Canada legalized all medicinal and recreational uses of cannabis nationwide this month under locally governed frameworks (http://nnw.fm/90wOz).
The growing legalization landscape for cannabis portends fertile ground for cannabis-related businesses. Cannabis Strategic Ventures operates out of Los Angeles as a publicly traded entity committed to acquiring, incubating, developing and partnering with companies in the startup and growth stages worldwide. Its commitment of capital and expertise to the cannabis sector and ancillary industries is in turn a vehicle for building a continually expanding portfolio of brands and hard assets to which investors in vertically integrated enterprises can turn.
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NEW YORK, Oct. 25, 2018 — via CannabisNewsWire – CannabisNewsAudio announces the Audio Press Release (APR) titled “Cannabis Stocks Defy Gravity During Market Plunge,” featuring NUGL, Inc. (OTC: NUGL).
In a dramatic development, NUGL just announced a binding letter of intent to purchase Nichols Publishing Company. In what can be viewed as complete confidence in NUGL’s future, Nichols Publishing agreed to be acquired in exchange for $1 million in NUGL common stock. Nichols Publishing was founded by Robin Nichols more than a decade ago, and its cannabis trade magazines have grown into well-known brands. Nichols will join NUGL following the acquisition and run the publications’ operation under the NUGL name.
With clear intentions to dominate the market for global connectivity as it relates to cannabis consumers and businesses, NUGL’s decision to acquire Nichols Publishing is likely just a beginning as it expands its platforms and global footprint to synergistically support cannabis consumers and cannabis industry growth.
About NUGL
NUGL is the world’s first cannabis search app built for the people, by the people. The company’s goal is to build the most user-friendly app experience in the cannabis industry by listening to its users and giving them what they want. NUGL is the only cannabis search app that offers equal and unbiased search results. The company doesn’t sell top-spot listings or fake reviews, so its data stays true. Use NUGL to search for genuine user-rated dispensaries, strains, doctors, lawyers, cannabis service providers, vape shops, hydro stores, brands and more. NUGL’s flexible web app has no geographic limitations and can rapidly connect cannabis companies, related vertical services and users. The NUGL iOS and Android app brings a powerful cannabis search tool within reach of anyone, anytime, anywhere with the ease of a smartphone. For more information, visit the company’s website at www.NUGL.com
About CannabisNewsWire (CNW)
CannabisNewsWire (“CNW”) is a specialized information service that (1) aggregates cannabis news, (2) provides CannabisNewsBreaks that quickly updates investors in the space, (3) enhances corporate press releases, (4) helps companies with distribution and optimization of social media, and (5) delivers comprehensive corporate communication solutions. CNW is uniquely positioned in the cannabis market with a strong team of journalists and writers who can help private and public companies reach a wide audience of investors, consumers, journalists and the general public through our ever-growing dissemination network of more than 5,000 key syndication outlets. CNW is bringing unparalleled visibility, recognition and content to the cannabis industry.
Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.
New York , New York– (October 25, 2018) – CannabisNewsAudioannounces the Audio Press Release (APR) titled “Direct Selling Returns as Functional Cannabis Foods Fare Well Amid Landmark Legalization,” featuring Youngevity International, Inc. (NASDAQ: YGYI).
Youngevity’s unique field-to-cup approach to the coffee market, including sourcing its coffees from an expanding footprint in the high-mountain region of Nicaragua known for producing exceptional beans, is something the company is dedicated to emulating as it enters the cannabis market.
Youngevity has established an enviable presence in the North American direct selling market, with a sizeable chunk of a growing $37.8 billion empire that is staffed by an army of some 18.6 million direct selling representatives. Innovations such as the company’s YoungevityGo2 app, which empowers distributors with a considerable promotional and management engine that fits in their pockets, has helped the company secure a formidable legion of dedicated direct sellers.
About Youngevity International, Inc.
Youngevity International, Inc. (NASDAQ: YGYI) is a leading omni-direct lifestyle company offering a hybrid of the direct selling business model that also offers e-commerce and the power of social selling. Assembling a virtual Main Street of products and services under one corporate entity, Youngevity offers proven products from the six top-selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry, as well as innovative services. The company was formed during the summer 2011 merger of Youngevity Essential Life Sciences with Javalution® Coffee Company (now part of the company’s food and beverage division). The resulting company became Youngevity International, Inc. in July 2013. For more information, visit the company’s website at www.YGYI.com
About CannabisNewsWire (CNW)
CannabisNewsWire (“CNW”) is a specialized information service that (1) aggregates cannabis news, (2) provides CannabisNewsBreaks that quickly updates investors in the space, (3) enhances corporate press releases, (4) helps companies with distribution and optimization of social media, and (5) delivers comprehensive corporate communication solutions. CNW is uniquely positioned in the cannabis market with a strong team of journalists and writers who can help private and public companies reach a wide audience of investors, consumers, journalists and the general public through our ever-growing dissemination network of more than 5,000 key syndication outlets. CNW is bringing unparalleled visibility, recognition and content to the cannabis industry.
Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.
TORONTO, Oct. 25, 2018 – The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD“) (TSX:TGOD) (US:TGODF) and its wholly-owned subsidiary, TGOD Acquisition Corporation (“SpinCo“), are pleased to announce that they have entered into a definitive arrangement agreement (the “Arrangement Agreement“) pursuant to which the Company will, subject to the terms and conditions of the Arrangement Agreement, effect the previously announced spin-off transaction (the “Spin-Off“) whereby TGOD will distribute to TGOD shareholders (the “Distribution“) unit purchase warrants of SpinCo (the “SpinCoUnitWarrants“) by way of a court-approved plan of arrangement (the “Arrangement“).
Pursuant to the Arrangement, TGOD shareholders of record as of the distribution date (the “Distribution Record Date“) will receive 0.15 of one SpinCo Unit Warrant for each TGOD share held. Each SpinCo Unit Warrant will entitle the holder to purchase one unit of SpinCo (a “SpinCo Unit“) at a price of $0.50 per SpinCo Unit for a period of 30 days from completion of the Distribution. Each SpinCo Unit will consist of one common share of SpinCo (“SpinCo Share“) and one-half of one common share purchase warrant of SpinCo (a “SpinCoWarrant“). Each SpinCo Warrant is exercisable into one SpinCo Share (a “SpinCoWarrant Share“) at an exercise price of $1.25 per SpinCo Warrant Share for a period of 24 months from the date the SpinCo Shares commence trading on a recognized stock exchange (the “Listing Date“). The SpinCo Shares comprising part of the SpinCo Units will be subject to a six month contractual escrow period from the Listing Date. The SpinCo Shares issuable upon the exercise of the SpinCo Warrants will be subject to a twelve month contractual escrow period from the Listing Date.
The aggregate SpinCo Unit Warrants to be distributed to TGOD shareholders will be issued by SpinCo to TGOD pursuant to a transaction expense agreement which was entered into by the Company and SpinCo concurrently with the Arrangement Agreement, pursuant to which TGOD will pay SpinCo’s costs related to the preparation and completion of the Spin-Off up to a maximum of $200,000.
The structure of the Spin-Off has been approved by the board of directors of the Company (the “TGOD Board“) following consultation with its financial and legal advisors and a review of other strategic options available to transfer TGOD’s expertise and monetize TGOD’s proprietary knowledge of the global cannabis marketplace. Structuring the Spin-Off in a tax efficient manner for TGOD shareholders has been a significant factor in the TGOD Board’s considerations. The TGOD Board has determined that the Spin-Off is in the best interest of TGOD and its shareholders and, having taken into account advice from its financial and legal advisors, has unanimously approved the Arrangement giving effect to the Spin-Off and recommends that TGOD shareholders vote in favour of the Arrangement.
The Arrangement remains subject to the approval of at least two-thirds of the votes cast by TGOD shareholders at the TGOD Meeting (as defined below). Completion of the Arrangement is also subject to other closing conditions customary for a transaction of this nature, including requisite corporate, regulatory and court approvals. The establishment of the Distribution Record Date remains subject to the satisfaction of all conditions to the Arrangement (including receipt of requisite corporate, regulatory, shareholder and court approvals) and the approval of the TSX. Subject to the foregoing, the Distribution Record Date is anticipated to be in mid-December 2018. The Company will provide further updates on the Distribution and the Distribution Record Date in due course.
TGOD Meeting
The resolutions to approve the Arrangement and the SpinCo Offering (as defined below) will be presented to TGOD shareholders together with annual meeting matters at an annual general and special meeting of TGOD shareholders to be held on December 6, 2018 (the “TGOD Meeting“). Further details of the Arrangement, the SpinCo Offering and annual meeting matters will be included in a management information circular of TGOD (the “Circular“) to be prepared in respect of the TGOD Meeting. TGOD intends to mail the Circular in early November, a copy of which will be concurrently filed under TGOD’s profile on SEDAR at www.sedar.com.
SpinCo Offering
As previously announced, in connection with the Spin-Off, SpinCo intends to complete a non-brokered private placement offering (the “SpinCoOffering“) of up to 20,000,000 subscription receipts (the “Subscription Receipts“) at a price of $0.50 per Subscription Receipt for gross proceeds of up to $10,000,000. Please refer to the Company’s news release dated September 25, 2018 for additional details regarding the terms of the SpinCo Offering including the escrow release conditions thereunder (the “Escrow Release Conditions“).
There can be no assurance as to whether or when the SpinCo Offering will be completed or whether the Escrow Release Conditions will ever be met and the SpinCo Units underlying the Subscription Receipts released to the subscribers. If the Escrow Release Conditions are not satisfied in accordance with the terms of the Offering on or before December 31, 2018 (or such other date as the Company may determine), holders of the Subscription Receipts will be entitled to the return of their subscription amount without interest.
U.S. Securities and Tax Matters
As previously announced, the SpinCo Unit Warrants to be distributed pursuant to the Distribution will not be registered under the laws of any foreign jurisdiction, including the United States Securities Act of 1933, as amended (the “U.S. Securities Act“). Consequently, no SpinCo Unit Warrants will be delivered to any registered or beneficial holder of TGOD shares who is, or who appears to TGOD or Computershare Trust Company of Canada, as custodian (the “Custodian“) to be, an individual or entity that qualifies as a U.S. Person under applicable U.S. securities laws (collectively, “U.S. Shareholders“). Such SpinCo Unit Warrants will be delivered by TGOD to the Custodian for sale by the Custodian on behalf of all U.S. Shareholders and U.S. Shareholders will receive from the Custodian their pro rata share of the cash proceeds from the sale of such SpinCo Unit Warrants, less any commissions, expenses and any applicable withholding taxes.
The SpinCo Unit Warrants, the SpinCo Units underlying the SpinCo Unit Warrants, and the Subscription Receipts are not expected to be qualified investments under the Tax Act for RRSPs, TFSAs or other registered plans as at the time of issuance and could therefore subject the plan or its annuitant or holder to adverse tax results. While additional details will be included in the Circular, affected TGOD shareholders, and potential subscribers of Subscription Receipts, are strongly encouraged to consult their tax advisors to determine the implications specific to their situation.
Further Information
To learn more about the foregoing including SpinCo Offering, the Spin-Off and the Distribution, please contact the investor relations team at: invest@tgod.ca or (416) 900-7621.
ABOUT TGOD ACQUISITION CORPORATION
SpinCo is an investment company guided by an investment policy primarily focused on investments in the cannabis industry in Canada and internationally. SpinCo’s investments may include the acquisition of equity, debt or other securities of publicly traded or private companies or other entities, financing in exchange for pre-determined royalties or distributions and the acquisition of all or part of one or more businesses, portfolios or other assets, in each case as SpinCo believes will enhance value for the shareholders of SpinCo in the long term. SpinCo’s board of directors and management team have considerable financial, mergers and acquisitions and cannabis industry experience and will consist of David Doherty, Chief Executive Officer and Director who has transitioned from TGOD, Nick Demare, Chief Financial Officer, and Jeff Scott, Director.
ABOUT THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD
The Green Organic Dutchman Holdings Ltd. is a premium global organic cannabis company, with operations focused on medical cannabis markets in Canada, Europe and Latin America and the Canadian adult-use market. The Company grows high quality, organic cannabis with sustainable, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a funded capacity of 170,000 kg and is building 1,382,000 sq. ft. of cultivation facilities across Ontario, Quebec and Jamaica.
TGOD’s Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol “TGOD” and “TGOD.WT”, respectively.
Forward-Looking Information Cautionary Statement
This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”). Forward looking statements in this release includes, but is not limited to, statements regarding the timing, closing and approval of the Arrangement, the Distribution and the SpinCo Offering, about the future legalization of recreational cannabis and cannabis-infused products in Canada, statements about future research, development and innovation by the Company, statements about the offering of any particular products by the Company in any particular territory and statements regarding the future performance of the Company. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of Toronto Stock Exchange) accept responsibility for the adequacy or accuracy of this release.
Thursday, October 25th, 2018UncategorizedComments Off on $TGODF Arrangement Agreement to Effect the Previously Announced Spin-off Transaction
A new opinion poll in North Dakota is suggesting that those in favor of legalizing recreational marijuana will take the day when the matter is voted upon during the midterm polls next month.
This ballot measure comes after the state legalized medical marijuana two years ago and implementation is set to start next year.
Measure 3 is expected to legalize cannabis for adult use without any limits on how much marijuana someone can possess or grow. The minimum age limit for this adult consumption has been set at 21. The measure also seeks to expunge all marijuana convictions and protect the state from liability claims originating from marijuana convictions.
The new opinion poll suggests that 51 percent of the voters will vote “yes” while 36 percent will vote “no” to the ballot measure. However, a significant fraction (13 percent) of the participants in the poll revealed that they hadn’t made up their mind regarding how they will vote. This group could well hold the key to determining which direction the vote eventually swings on voting day.
Demographics are also likely to play a role in the outcome of the vote. Voters older than 50 seem to be biased in favor of continued prohibition while those who are younger than 50 want prohibition to end.
Advocates are therefore hoping that younger voters turn up in massive numbers so that the measure sails through in November. The opinion poll conducted by The Kitchen Group had 57 percent of its respondents in the over 50 age group.
It is noteworthy that respondents were more likely to agree with Measure 3 if they were told that legalizing marijuana would go a long way towards combating the opiate crisis and leaving the meagre law enforcement resources to be directed to more serious issues.
North Dakota is unique from other states that have legalized cannabis in a sense that those who are advocating for the ballot measure don’t have big financiers on their side while the people opposed to the measure have invested massively to sway public opinion against recreational cannabis.
LegalizeND (Legalize North Dakota, a committee set up to campaign for legalization) has been working tirelessly to provide accurate information about marijuana in order to counter the propaganda spread by those opposed to legalization.
Observers say both sides of the ballot measure appear to be getting more funding from sources outside the state when compared to the campaign funds being generated locally. Those opposed to the measure have nearly got all their funding from one source (an anti-marijuana lobby group called SAM, or Smart Approaches to Marijuana). Cannabis companies like TransCanna and VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) can only watch from a distance as the trend of cannabis legalization unfolds.
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
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SAN DIEGO, Oct. 24, 2018 — YGYI, Inc. (NASDAQ:YGYI) (“Youngevity,” “YGYI” or “the Company”), a leading omni-direct lifestyle company specializing in a hybrid of the direct-selling business model, announces its participation in the upcoming CBD Symposium, hosted by SUCCESS Partners and Direct Selling News. Youngevity CEO Steve Wallach will be a featured speaker at this premier cannabidiol (CBD) industry-focused event, which will take place Nov. 6, 2018, in Dallas, Texas.
It has been estimated that direct-selling companies will sell $300 million in CBD-related products in 2018, which would make direct-selling the largest distribution channel for this rapidly growing product sector. Youngevity has assembled a veritable Main Street of products and services under one corporate umbrella, uniting e-commerce and the power of social selling to offer these products through one effective direct-selling hybrid, and believes it is well-positioned to capitalize on the expected CBD direct-selling boom.
“We are pleased to participate in the upcoming CBD Symposium. Unquestionably, CBD has become the hottest topic in the direct-selling channel, and this event presents a prime opportunity for sharing information about CBD and how best to utilize the direct-selling business model in offering this transformative product to the public,” said Youngevity CEO Steve Wallach, who serves on the board of directors of the Direct Selling Association (DSA). “As the CEO of a company that has successfully transitioned from a domestic seller to a global marketer of products and services that support a healthy and empowered lifestyle, it is a privilege to be among the experts invited to speak at this symposium.”
Among Youngevity’s product offerings, which target the eight top-selling retail categories, the Company recently launched Hemp FX™, a line of hemp-derived CBD products that are available for purchase through the fully transactional website www.hempfx.com. This product line currently includes three proprietary formulas that feature Youngevity’s hemp-derived, phytocannabinoid-rich, full-spectrum, organically grown CBD oil, and two tablet-based CBD products in the HempFX™ Hydration™ category. The tablet-based products will be used with Youngevity’s Y-DR8+ proprietary, portable water bottle system designed to help provide great tasting water and reduce chemicals found in tap water. The Y-DR8 filter features (ACC) activated carbon cloth and is portable to fit today’s “On the go lifestyle”.
For additional information about Youngevity, visit the Company’s website at www.YGYI.com. To learn more about the Hemp FX™ product line, visit www.hempfx.com.
Ticket information for the CBD Symposium can be found here.
About Youngevity International, Inc.
YGYI, Inc. (NASDAQ:YGYI), is a leading omni-direct lifestyle company offering a hybrid of the direct selling business model, that also offers e-commerce and the power of social selling. Assembling a virtual Main Street of products and services under one corporate entity, YGYI offers products from the eight top selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, fashion, essential oils, photo, as well as innovative services. The Company was formed in the course of the summer 2011 merger of Youngevity Essential Life Sciences with Javalution® Coffee Company (now part of the company’s food and beverage division). The resulting company became Youngevity International, Inc. in July 2013. For investor information, please visit YGYI.com. Be sure to like us on Facebook and follow us on Twitter.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by terminology such as “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and similar expressions, and includes statements regarding direct-selling companies selling $300 million in CBD-related products in 2018, our being well-positioned to capitalize on the expected CBD direct-selling boom, and our introduction of additional CBD products in the near future. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the ability of direct-selling companies to sell $300 million in CBD-related products in 2018, our ability to capitalize on the expected CBD direct-selling boom, our ability to introduce additional CBD products in the near future, our ability to continue our international growth, our ability to leverage our platform and global infrastructure to drive organic growth, our ability to improve our profitability, expand our liquidity, and strengthen our balance sheet, our ability to continue to maintain compliance with the NASDAQ requirements, the acceptance of the omni-direct approach by our customers, our ability to expand our distribution, our ability to add additional products (whether developed internally or through acquisitions), our ability to continue our financial performance, and the other factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2017 and our subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
A leading Democratic Congressman has revealed his plan to get legislation passed to end cannabis prohibition in case the Democrats take control of Congress after the midterm elections.
Rep. Earl Blumenauer echoed the sentiments of many around the country when he said that Congress was currently disconnected from the wishes of the different states and citizens around the country on the subject of cannabis.
He therefore sees the November polls as an opportunity for the Democrats to change that situation in case they get a majority in the House. Analysts believe that there is a big chance that the Democrats will regain their majority in Congress.
Congressman Blumenauer wrote a memo to the Democratic House leader outlining the different steps that should be followed in order to change the laws around marijuana. He wants his blueprint to pave the way for the Senate to feel the pressure and change its stance regarding marijuana.
The Senate is expected to remain under the control of the Republicans, and they have a history of blocking any legislation intended to end marijuana prohibition.
The Oregon Congressman wants the different Committees of the House to use the first six months after the polls to hold hearings at which the public and experts share their views on marijuana. He believes that every committee has power over some aspect of marijuana regulation.
For example, the House Judiciary Committee should work towards de-scheduling marijuana so that it is no longer a Schedule 1 substance at the federal level.
In the same vein, the House Financial Services Committee can also hold hearings on how the barriers stopping marijuana businesses from accessing banking services can be removed.
The Veterans Affairs Committee can also hold hearings on how equal and safe access to medical marijuana can be guaranteed for the nation’s veterans.
Congressman Blumenauer also gives a detailed plan outlining the different activities that should be completed within given timelines. For example, he hopes that by April, the different committees should start passing policies to narrow the gaps between state and federal marijuana policies.
His intention is that the end of 2019 should see a main bill ending federal marijuana prohibition being tabled for a vote by the entire House.
While this plan may sound like music to the ears of marijuana advocates, major hurdles still stand in its way. For starters, Senate isn’t likely to look favorably on any measures to legalize marijuana federally.
Secondly, Democratic Party House leaders aren’t hyped up about making marijuana decriminalization a priority for their first year in charge after the midterm polls. The Flowr Corporation (TSX.V: FLWR) and The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF) must be watching all these developments quietly from a distance waiting for prohibition to end so that they can enter the country in a big way.
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
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Net Element stock skyrocketed after the company announced the launch of a fully compliant payment solution for the legal cannabis industry
Shares grew 63 percent, with volume eventually increasing to 9.5 million shares from previous full-day averages of 81,000 shares
The payment solution enables entry into a lucrative field that’s forecast to grow beyond $22 billion by 2022
On October 22, global technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) announced the launch of a fully-compliant payment solution for the legal cannabis industry. The payment processing solution is designed to provide a smooth transaction between merchants and consumers as the popularity of cannabidiol-based products grows (http://nnw.fm/1CGYw).
Shortly after the company announced the launch of the payment solution through subsidiary Unified Payments, Net Element shares rocketed 63 percent, with volume growing to 9.5 million shares in comparison to the…
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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NEW YORK, Oct. 24, 2018 — via CannabisNewsWire – CannabisNewsWire (“CNW”), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring NUGL, Inc. (OTC: NUGL), a client of CNW focused on providing the cannabis industry’s new standard of metasearch technology.
To view the full publication, titled “Cannabis Stocks Defy Gravity During Market Plunge,” visit: http://cnw.fm/1gMh9
On the cutting edge of the development of organic data analytics in the cannabis industry, NUGL, Inc. (OTC: NUGL) is focused on clearing up consumer confusion about the wide number of product options and becoming an integral asset to the burgeoning sector. While other attempts to connect and codify the spider web of interactions in the legal cannabis community have fallen short of expectations, NUGL expects its first-to-market, best-in-class technology platform to snag the lion’s share of this invaluable new market.
NUGL offers four types of profiles: brands, events, services, and retail. Each of these profiles can connect and interact with each other, allowing an unprecedented level of communication between each segment of the cannabis market. For instance, using the NUGL app, brands can explore and develop their distribution capabilities by connecting with retail locations. Brands can even use the app to market their products, letting stores know about special order discounts, specials, and other marketing information.
About NUGL
NUGL is the world’s first cannabis search app built for the people, by the people. The company’s goal is to build the most user-friendly app experience in the cannabis industry by listening to its users and giving them what they want. NUGL is the only cannabis search app that offers equal and unbiased search results. The company doesn’t sell top-spot listings or fake reviews, so its data stays true. Use NUGL to search for genuine user-rated dispensaries, strains, doctors, lawyers, cannabis service providers, vape shops, hydro stores, brands and more. NUGL’s flexible web app has no geographic limitations and can rapidly connect cannabis companies, related vertical services and users. The NUGL iOS and Android app brings a powerful cannabis search tool within reach of anyone, anytime, anywhere with the ease of a smartphone. For more information, visit the company’s website at www.NUGL.com
About CannabisNewsWire (CNW)
CannabisNewsWire (“CNW”) is a specialized information service that (1) aggregates cannabis news, (2) provides CannabisNewsBreaks that quickly updates investors in the space, (3) enhances corporate press releases, (4) helps companies with distribution and optimization of social media, and (5) delivers comprehensive corporate communication solutions. CNW is uniquely positioned in the cannabis market with a strong team of journalists and writers who can help private and public companies reach a wide audience of investors, consumers, journalists and the general public through our ever-growing dissemination network of more than 5,000 key syndication outlets. CNW is bringing unparalleled visibility, recognition and content to the cannabis industry.
Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.
Pacific Software (OTC: PFSF) is an emergent development technology business and master licensor of Hyperledger blockchain-based systems that make intricate supply chains safer and more manageable. An article further discussing the company reads, “Pacific Software’s Agri-blockchain platform will improve transparency and trust in the origin and quality of food products by employing blockchain’s transformative ability to track products from origin to final destination. Any contamination source can speedily be identified, which can accelerate removal of the tainted item from agricultural channels, Pacific Software President Peter Pizzino said during an interview with New Economies (http://nnw.fm/5Oqx5). Using IBM’s Hyperledger Blockchain “Backend as a Service” infrastructure, Pacific Software’s platform will be able to store, record and track digital product information from farm to fare, including batch identification numbers, expiration dates, factory and processing information, shipping details and more.”
Pacific Software, Inc. (OTC: PFSF) is an emerging development technology corporation positioned for investments, mergers and acquisitions of software technologies and platforms. The Company is a designer, developer and commercial distributor of blockchain-based systems. The Company intends to be uniquely positioned to deliver B2B and B2C blockchain solutions by utilizing IBM’s Hyperledger Blockchain “Backend as a Service” (BaaS) Infrastructure for two key industries: Agriculture, to target farm-to-table beef exports; and Opioids/Controlled Substance Management, to create a verifiable and trusted ledger between pharmaceutical manufacturers and consumers. For additional information please visit www.PacificSoftwareInc.com.
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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While the world is still marveling at the bold step that Canada took to legalize recreational marijuana and the resources that the recreational market is likely to command with that legalization, analysts are suggesting that the real money is most likely to be made in the medical cannabis arena.
The medical cannabis market is predicted to be worth approximately $50 billion by 2025. This is a huge jump from what the value of the medical cannabis market was in 2017 (just over $8 billion).
The huge potential for the medical marijuana takes on a bigger positive outlook when one considers the rate at which several countries around the world are legalizing the medical use of cannabis.
The UK plans to allow doctors to start prescribing marijuana in November this year. Malaysia is working out how to permit the medical use of cannabis. Denmark and Luxembourg are also taking steps to legalize medical cannabis.
The rate at which the list of countries where medical marijuana is allowed is growing much faster than the rate at which recreational cannabis can be expected to be decriminalized around the world.
The stigma attached to recreational cannabis use is one of the major reasons why one would be well advised to put their money on medical cannabis instead of thinking of investing in the recreational marijuana sector.
It is significant that the FDA approved a marijuana-based drug in June for the treatment of childhood epilepsy. That was the first time that the U.S. agency approved a cannabis-based drug in a country where the federal government still looks at marijuana as a schedule 1 substance (substances with no medical use and a high likelihood of being abused).
Pharmaceutical companies have also been courting Canadian cannabis industries in order to discuss possible partnerships in developing the medical cannabis sector further. For example, the Canadian division of Swiss-based Novartis International AG has reached an understanding with Tilray Inc. to develop cannabis delivery systems and products jointly.
It should be noted that the pharmaceutical industry carefully weighs the prospects in a given sector before making a commitment. This is because lots of resources are usually invested in R & D before a product ever has a chance to reach the market.
The moves by pharmaceutical firms to partner with cannabis companies is therefore an indicator that the long-term prospects for medical cannabis are solid and major investments can be made into the sector. American marijuana companies like NUGL Inc. (OTC: NUGL) and SinglePoint, Inc. (OTCQB: SING) can only pray that the regulatory climate in the U.S. improves quickly so that they aren’t left behind as the medical cannabis industry evolves rapidly.
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
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The View from the C-Suite video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange. Videos provide insight into how company executives think in the current business environment. To see the latest View from the C-Suite videos visit www.tmxmoney.com/en/news/csuite.html.
About Canopy Rivers Inc. (TSXV: RIV)
Canopy Rivers is a unique investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers works collaboratively with Canopy Growth (TSX:WEED, NYSE: CGC) to identify strategic counterparties seeking financial and/or operating support. Canopy Rivers has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the emerging cannabis sector. As the portfolio continues to develop, constituents will be provided with opportunities to work with Canopy Growth and collaborate among themselves, which Canopy Rivers believes will maximize value for its shareholders and foster an environment of innovation, synergy and value creation for the entire ecosystem.
About TMX Group (TSX: X)
TMX Group’s key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities and fixed income. Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, Trayport and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Beijing and Singapore. For more information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.
Tuesday, October 23rd, 2018UncategorizedComments Off on $RIV.V View from the C-Suite: Bruce Linton, CEO, Canopy Rivers, tells his company’s story
CannabisNewsWire Editorial Coverage: All eyes are on Canada and the burgeoning North American cannabis market as the flood gates open and nationwide recreational legalization north of the U.S. border throws the recent $47.3 billion by 2027 forecast from Arcview Market Research into clear relief.
Historic end of cannabis prohibition creates unprecedented market forces
CBD could outpace broader market
Direct selling in the digital age more relevant than ever
Overlapping cultural vectors among core wellness and cannabis consumers
Already running hot at $9.2 billion last year, the North American cannabis market appears to be just getting started. Youngevity International, Inc. (NASDAQ: YGYI) (YGYI Profile) is a particularly interesting player in this space that deserves further examination considering the company’s strong logistical footprint in direct selling, the success of a shrewd and comprehensive growth model in ground coffee retail, and an established presence as one of the most trusted names in nutritional supplements. INSYS Therapeutics, Inc. (NASDAQ: INSY) has a leading position in the development of pharmaceutical cannabinoids. Developers of MARINOL, the first synthetic tetrahydrocannabinol (THC) oral solution, AbbVie Inc. (NYSE: ABBV) has been ranked in the top five on Science magazine’s annual list of Top Science Employers. Zynerba Pharmaceuticals, Inc. (NASDAQ: ZYNE) is known for transdermal cannabinoid therapies and recently reported the initiation of a first-of-its-kind clinical study using a novel pharmaceutically produced CBD targeting epilepsy and Fragile X syndrome. Cara Therapeutics, Inc. (NASDAQ: CARA) is at the forefront of preclinical work in selective cannabinoid receptor-modulating formulas that avoid interacting with receptors in the central nervous system.
Functional Cannabis Consumables
CBD from sources such as industrial hemp, which would be legal to cultivate in the United States under the new Farm Bill currently being considered, could post growth that eclipses that of the broader cannabis space. A strong driver here is the mounting laundry list of proven health benefits of CBD.
Youngevity International, Inc. (NASDAQ: YGYI) recently announced the launch of two new organic hemp-derived cannabidiol products designed to be used with the company’s proprietary portable water-filtering bottle system. HempFX™ Hydration™ — Sleep has added melatonin and promotes healthy sleep patterns naturally, while HempFX Hydration™ — Pure is designed to deliver 25 mg of full-spectrum CBD directly to the digestive system.
These beverages are now available online and join a growing portfolio of organic CBD-based products from YGYI, including HempFX Soothe™ for achy joints and muscles; HempFX Uplift™, which is designed to naturally elevate mood and promote overall health; and HempFX Relax™, which is packed with a wide variety of sleep-supporting botanicals.
The meteoric rise in YGYI’s share price in recent weeks to a high of $16.25, nearly triple the preceding trend of several years, was pared somewhat due to broader market declines, leading to an $11.47 close the week ending Oct 19. However, the market mini-correction in the latest FOMC meeting, where a steady and largely anticipated diet of gradual rate hikes was indicated, appears to have blown off most of its steam according to many analysts, including those at J.P. Morgan who see a reversal on the horizon as earnings season begins. The current situation could present a nice buying opportunity, should the recent upward trend again find traction.
Huge Direct Selling Network, Increasingly Global Footprint
Q2 2018 saw a 6.6 percent increase in revenues for YGYI to $44.3 million, led by a 23.7 percent jump in coffee sales. With 83 percent of total revenues coming from direct selling (up 3.7 percent) and the remainder coming from coffee, news that the company is boldly entering the CBD market has set some analysts’ mouths watering. The company’s coffee-roasting segment, run by wholly owned subsidiary CLR Roasters, has seen tremendous success with its high-energy, fat-burning JavaFit line of gourmet coffees as well as the increasingly popular Café La Rica and Josie’s Java House brands.
The same kind of combined marketing, distribution, sourcing and branded product expertise YGYI has demonstrated in mastery of the coffee game could put investors in the pole position as the company goes cannabis, especially amid a political environment where antiquated regulations are hastily going up in smoke.
In a deal further cementing YGYI’s foothold in the hospitality market, the company recently signed a massive new deal with a major operator in the cruise line industry that will put YGYI’s coffees in the bellies of the entire crew of a 60-ship fleet, as well as those of passengers on three luxury cruise ships. Youngevity has quickly built out a comprehensive coffee revenue pipeline encompassing green coffee distribution, private-label roasting and sales of owned brands, significantly enabled by an existing direct sales matrix of high-value relationships. This direct sales network is backed by an increasingly sophisticated web platform, which is helping YGYI’s expansion into global markets proceed apace of expectations.
Following Field-to-Cup Coffee Model
Youngevity’s unique field-to-cup approach to the coffee market, including sourcing its coffees from an expanding footprint in the high-mountain region of Nicaragua known for producing exceptional beans, is something the company is dedicated to emulating as it enters the cannabis market.
From the CLR Roasters plantations in Matagalpa, Nicaragua, to the company’s state-of-the-art 40,000-square-foot roasting, grinding, packaging facility and headquarters in Miami, Youngevity has mapped out a field-to-cup coffee bean road show that has met unparalleled success. With an abundance of cultural overlap among the company’s highest priority consumer segments and a solid reputation with nutraceutical and healthy lifestyle consumers, YGYI is leveraging both its assets and experience as it migrates into functional cannabis foods. Looking at its overall nutritional product assortment, the company seems to understand the importance of high-quality raw materials as it relates to developing brand loyalty among these highly sought-after demos.
Direct Selling Prowess Key to Future
Youngevity has established an enviable presence in the North American direct selling market, with a sizeable chunk of a growing $37.8 billion empire that is staffed by an army of some 18.6 million direct selling representatives. Innovations such as the company’s YoungevityGo2 app, which empowers distributors with a considerable promotional and management engine that fits in their pockets, has helped the company secure a formidable legion of dedicated direct sellers.
With such a robust direct selling model that spills over into e-commerce and social selling, it should come as no surprise that Youngevity’s CEO Steve Wallach was recently appointed to the board of directors at the 200-plus member Direct Selling Association. The merger of direct selling and cannabis could be a showstopper, and many investors are looking to YGYI to be where the rubber meets the road.
Cannabinoids Potential
The nutraceutical and cosmeceutical potential of cannabinoids is reinforced by the rapidly developing clinical and preclinical pipelines of a wide variety of companies that are looking to commercialize indications targeting everything from sleeplessness and anxiety to epilepsy and cancer.
INSYS Therapeutics, Inc. (NASDAQ: INSY) is currently working on testing the company’s oral CBD solution in the treatment of neurocognition and neuroimmune response, as well as eating behavior and other symptoms. Such work in early psychosis adds considerable weight to the studies announced earlier this year, which are using CBD to treat the symptoms of severe childhood autism. INSYS is also continuing to support ongoing efforts to study CBD as a treatment for cocaine dependency.
AbbVie Inc. (NYSE: ABBV) will always have the record of being first out of the gate with an FDA-approved, cannabis-based drug targeting nausea and lack of appetite among chemotherapy and AIDS patients. The company continues to be a contender in the space, due to the abundance of in-house expertise and facilities, where the company is forging a new path to the treatment of autoimmune diseases.
Zynerba Pharmaceuticals, Inc. (NASDAQ: ZYNE) made a strong case at the 16th annual International Fragile X Conference for the use of transdermal CBD gel. Its compelling and statistically significant data could be a winner for the company and could come to represent a frontline approach for alleviating the common observable behaviors Fragile X syndrome presents among children and adolescents.
Cara Therapeutics, Inc. (NASDAQ: CARA) has evaluated CR701 in animal model studies where it showed a significant reversal of enhanced pain response (hyperalgesia) and the kind of predisposition to increased pain sensitization and neuronal response to pain (allodynia) experienced among fibromyalgia patients. CARA has a considerable depth of knowledge in kappa opioid receptor science when it comes to treating chronic and acute pain, as well as disease-related itching, with indications like CR845/difelikefalin and KORSUVA, now both in Phase 3 clinical trials.
Until now, recreational consumer markets such as nutraceuticals and cosmeceuticals have always been realities perceived only by the cannabis industry’s over-the-horizon radar. But the potential for broad-spectrum biopharma indications that could help combat many incurable or underserved maladies could be an even greater development than the seemingly inevitable rise of every day cannabis-infused foods and beverages.
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
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Tuesday, October 23rd, 2018UncategorizedComments Off on $YGYI Direct Selling Returns as Functional Cannabis Foods Fare Well Amid Landmark Legalization
TORONTO, Oct. 23, 2018 – The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (US:TGODF) is pleased to announce the appointment of Mr. Sean Bovingdon as Chief Financial Officer.
Mr. Bovingdon is an accomplished executive with almost 30 years’ experience across a multitude of private and public companies and industries. Most recently, he served as CFO of Toronto Hydro Corporation, a utility company with $3.5 billion in annual revenue. Prior to that he served as President & CFO of public and private oil and gas companies, CFO & VP, Finance for TSX listed technology and manufacturing companies, and Controller for a major TSX listed oil sands company. Mr. Bovingdon has been involved in $1.1 billion of public equity and debt financings, and $2 billion of syndicated credit facilities, including three IPOs.
“We are pleased Mr. Bovingdon has chosen TGOD to apply his almost 30 years of finance experience,” said Brian Athaide, TGOD’s CEO. “Sean brings significant public and capital markets experience as well as large capital projects experience. This is complementary to our team’s deep consumer packaged goods background. Sean is the perfect fit as we continue to build out our diverse and proven team who are focused on excellence in execution as we build the leading organic cannabis brand globally.”
Mr. Bovingdon’s past responsibilities included facilitating strategy, investor and banking relations, treasury, accounting, budgeting and forecasting, financial reporting, ERP implementations, enterprise risk management, compliance systems, and taxation. He is a trusted financial executive with significant capital markets experience, a strong track record of building collaborative teams and completing multiple mergers & acquisitions.
“I am looking forward to working with the accomplished team at TGOD and being part of such an exciting industry,” said Sean Bovingdon, TGOD’s CFO. “I intend to add value to the significant potential already present at TGOD, contributing my own financial experience and knowledge of capital markets, M&A and growth building to that of the team.”
ABOUT THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD
The Green Organic Dutchman Holdings Ltd. is a premium global organic cannabis company, with operations focused on legal medical cannabis markets in Canada, Europe and Latin America and the legal Canadian adult-use market. The Company grows high quality, organic cannabis with sustainable, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product.
TGOD has a funded capacity of 170,000 kg and is building 1,382,000 sq. ft. of cultivation facilities across Ontario, Quebec and Jamaica. In addition, TGOD has raised approximately C$460 million and has over 20,000 shareholders.
TGOD’s Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol “TGOD” and “TGOD.WT”, respectively.
Forward-Looking Information Cautionary Statement
This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”). Forward looking statements in this release includes, but is not limited to, statements about the future legalization of cannabis-infused products in Canada, statements about future research, development and innovation by the Company, statements about the offering of any particular products by the Company in any particular territory and statements regarding the future performance of the Company. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of Toronto Stock Exchange) accept responsibility for the adequacy or accuracy of this release.
Tuesday, October 23rd, 2018UncategorizedComments Off on $TGODF $TGOD Appoints Sean Bovingdon as Chief Financial Officer
PHOENIX, Oct. 23, 2018 — Sunniva Inc. CSE:SNN) (OTCQX: SNNVF), (“Sunniva” or the “Company“), is a North American provider of cannabis products and services, their Co-Founder, President, Chief Strategy Officer & Director, Leith Pedersen talked with Stock Day’s Everett Jolly about the future of Sunniva.
“Sunniva means gift from the sun, and that’s truly what we are doing here. We are leveraging the energy of the sun through building these large-scale purpose -built automated greenhouses and it is the actual gift of the sun,” said Pedersen.
He went on to say the company set about first attracting a top seasoned management team and has learned from the current cannabis landscape in Canada; this gives them a large competitive advantage in a newly regulated industry such as California. Especially now as they are razor focused on a near term launch of cannabis products at a large-scale in California where all of the big players such big alcohol, pharma, and tobacco eventually want to operate and but are unable at this time, many of which have formed relationships with the big Canadian companies already.
“We are very fortunate to the look at the successful Canadian landscape and see the partnerships being formed, see the mistakes, and take advantage of our first mover leadership position and business model on what we think will build a successful company in the USA, not only today but in the future.”
Jolly said the plan for Sunniva is to go from seed to sale, fully vertically integrated, but he asked about the plan going forward to reach more revenues in the future. He mentioned that in the first half of 2018 they did approximately $10 million in revenues with the large cultivation and extraction revenues coming in 2019.
“We went public in January,” said Pedersen, “we signed a very large contract with Canopy Growth for 45,000 kilograms a year. But at that stage it was really focused on us building up these large-scale purpose built greenhouse facilities. As you know, these facilities take a very long time to build. But we were fortunate enough in California with our flagship facility to attract a top real estate partner that financed our facility. So, we are now in a position where we can really start telling our story with the near term launch or products in Q1 2019.”
Pedersen said their California greenhouse is a two-phase approach, the full facility is 490,00 square feet and is a purpose-built greenhouse facility leveraging all of the latest technology from the Netherlands commencing operations in Q1 2019.
“Most of the greenhouses you see in North America today are based off of 30 to 40-year-old technology. So, what I’m talking about is full automation, robotics, climatic controls. Most importantly we want to have the assurance that anything coming out of that facility is pesticide free.”
He said the pesticide issue is a large one for the industry in Canada and the United States. Pedersen said building a facility that lives up to their high standards took about a-year-and-a-half to design and build in California. Their phase one will produce 50,000 kilograms of premium, pesticide free flower and an additional about 10,000 kilograms of oil used for extracted products. Phase two will be an additional 22,000 kg of premium flower. We also have an operational extraction facility that commenced operations in Q3 this year.
“What we’ve seen in California is that due to the lack of access to clean product, prices could dramatically go up in the short term, and probably continue for the next two or three years, which we like. These large-scale purpose-built facilities that leverage the sun and utilize automation will have longevity, as we estimate our costs of production well below $1.00/gram. We will leverage these low operating costs, high quality and large-scale facilities to launch a house of brands spanning all major cannabis categories including flower, pre rolls, concentrates, vape cartridges and beverages commencing Q1 2019..,” he explained.
Sunniva, through its subsidiaries, is a vertically integrated cannabis company operating in the world’s two largest cannabis markets – Canada and California. Our ability to leverage our large scale, purpose-built cGMP designed greenhouses, offering better quality assurance with cannabis products free from pesticides, uniquely positions Sunniva as a leading supplier of safe, high quality products at scale. Through our strategically positioned cultivation and extraction facilities, we are launching Sunniva branded products in various product categories including flower, pre-rolls, beverages, vape cartridges, extracts as well as aggressively pursuing upstream vertical opportunities including distribution and retail expansion. Sunniva’s management and board of directors have a proven track record for creating significant shareholder value both in the healthcare and biotech industries.
Forward Looking Statements
This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”), including, but not limited to, statements with respect to the conditions of completing the acquisition, including negotiating and executing the definitive agreement, regulatory approvals, and future production estimates, timing and costs from the Vision Facility. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
Company Contact:
Dr. Anthony Holler Chairman and Chief Executive Officer
Investor Contact: Phil Carlson / Erika Kay KCSA Strategic Communications Phone: (212) 896-1233 Email: pcarlson@kcsa.com / ekay@kcsa.com
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NAPANEE, Ontario, Oct. 23, 2018 — VIVO Cannabis Inc. (TSXV: VIVO, OTCQX: VVCIF) (“VIVO” or the “Company”) is pleased to announce that it has agreed to make a $5 million strategic investment in National Access Cannabis Corp. (TSXV: META) (“NAC”), and commited to invest an additional $5 million contingent on attainment of a growth-related milestone and the satisfaction of certain other conditions precedent. NAC intends to use the proceeds of the investment, and additional recent and proposed financings, to advance the roll out of its retail cannabis operations across Canada. NAC’s vision is to be one of the largest adult-use retailers in Canada, with over 200 locations providing safe and responsible access to legal cannabis in Canadian private retail markets, subject to licensing and regulatory approvals.
“VIVO sees great benefit in investing in and establishing strong relationships with leading recreational retail players in Canada, as represented by our two previously announced strategic investments and partnerships in the sector earlier this year. We believe that the retail side of the industry has great potential and with our strong cash position, we chose to make another strategic investment in a leading cannabis retailer,” stated Barry Fishman, CEO of VIVO. “NAC’s retail brands (META and Newleaf) are aligned with our philosophy of delivering top quality products through a premium and engaged customer experience. They are well-positioned to be a dominant player in the Canadian retail landscape. VIVO looks forward to working with the NAC team to provide Canadian adult-use consumers access to our premium portfolio of brands, including FIRESIDE™, Lumina™ and Canna Farms™.”
“The two main factors needed in creating growth in the legal adult-use industry are convenient access and demanded products,” stated Mark Goliger, CEO of NAC. “NAC will play a dominant role in providing safe and responsible legal access points across Canada, via an expected footprint of 200+ stores across five private retail provinces. We are very happy to have an investor and partner in VIVO who has developed premium quality products and compelling brands. We trust that as an investor in NAC, VIVO will impart some of the strategy, creativity and expertise that they put into their consumer brands to enable enhanced market potential for our retail store brands, META Cannabis Supply Co. and NewLeaf Cannabis.”
VIVO Strategic Investment
VIVO has agreed to participate in private placements of NAC common shares for an aggregate amount of up to $10 million, which, subject to satisfaction of certain terms and conditions precedent, will be completed in two tranches. Under the initial tranche, VIVO has agreed to acquire NAC common shares for an aggregate purchase price of $5 million. Closing of the initial tranche is expected to occur on October 26, 2018.
If before October 26, 2019, NAC is granted approval to open an aggregate of 50 cannabis retail locations from applicable regulatory authorities in Canada, NAC may deliver a written notice to VIVO requiring VIVO to purchase and subscribe for $5 million of additional NAC common shares at a price per share equal to the 15 day volume weighted average trading price of the NAC common shares on the TSX Venture Exchange (the “TSXV”) for the last 15 trading days of the calendar month immediately preceding the date of the notice, or if such trading price is lower than the maximum permitted discount for the second tranche of the LP Financing, the maximum permitted discount for the issuance of the Common Shares under TSXV policies.
About VIVO Cannabis™
VIVO, based in Napanee, Ontario, is recognized for trusted, high-quality products and services. It holds production and sales licences from Health Canada and operates world-class indoor cultivation facilities with proprietary plant-growing technology. VIVO has a collection of premium brands targeting unique customer segments, including Beacon Medical™, FIRESIDE™, Canna Farms™ and Lumina™. In August 2018, VIVO acquired Canna Farms Limited, a premium cannabis company based in Hope, British Columbia. Canna Farms was B.C.’s first Licensed Producer and has many years of craft cultivation experience and expertise, as well as a significant patient base and positive cash flow. VIVO is significantly expanding its production capacity and pursuing partnership and product development opportunities domestically, as well as in select international markets, including Germany and Australia. In addition, VIVO also operates Harvest Medicine, a patient-centric and highly scalable network of specialty medical cannabis clinics. Harvest Medicine provides best-in-class education and support to over 22,000 patients in its clinics and via its free telemedicine platform. VIVO has a healthy balance sheet and is well-positioned to accelerate the growth of its business, in Canada and internationally.
About National Access Cannabis
NAC is a best practices leader in delivering secure, safe, and responsible access to legal cannabis in Canada. Through its Canada-wide network of medical cannabis clinics, partner pharmacies, NAC Bio’s clinical research division, NewLeaf Cannabis™ and Meta Cannabis Supply Co.™ recreational cannabis retail stores, NAC enables patients and the public to gain knowledge and access to Canada’s network of authorized Licensed Producers of cannabis. NAC is listed on the TSX Venture Exchange under the symbol (TSXV: META).
ON BEHALF OF THE BOARD OF DIRECTORS
Barry Fishman (CEO and Director)
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Statements
Statements regarding NAC’s business, proposed use of proceeds of the financing and future goals are based solely on information provided by NAC. This news release contains forward-looking statements, including statements regarding the expected timing of the closing of the initial tranche of the financing, the proposed terms of VIVO’s second potential investment in NAC common shares, the expected use of proceeds by NAC, NAC’s proposed strategy to become a premium adult-use cannabis retailer in Canada and its innovative retail concept, and VIVO’s future opportunities outlook. The forward-looking statements contained in this news release are based on certain assumptions and involve known and unknown risks and uncertainties and other factors that could cause actual events to differ materially from current assumptions and expectations, including that: either or both of the first investment and/or the second investment by VIVO in NAC common shares may not be completed on the terms expected or at all; timing of closing may not occur on the date expected, NAC may be unable to obtain necessary regulatory approvals for the financing; NAC may not be able to effectively operate a chain of cannabis retail stores in Canada; NAC may not become a successful premium adult-use cannabis retailer; regulations may restrict or prohibit the supply of cannabis by VIVO to NAC; cannabis marketing regulations may impede the execution of NAC’s retail strategy; and other factors beyond the Company’s control. The forward-looking statements contained in this news release should not be read as guarantees of future performance or results. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are urged to consider these factors, and the more extensive risk factors included in the Company’s annual information form dated April 30, 2018 and other continuous disclosure filings, which are available on SEDAR at www.sedar.com. Readers are cautioned not to place undue reliance on these forward-looking statements, which are qualified in their entirety by these cautionary statements. The forward-looking statements in this news release are made as of the date hereof and the Company disclaims any intent or obligation to update publicly any such forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
More Information on VIVO
Barry Fishman, CEO: barry.fishman@vivocannabis.com
Michael Bumby, CFO: michael.bumby@vivocannabis.com
Website: vivocannabis.com
More Information on NAC
Mark Goliger, CEO: info@nationalaccesscannabis.com
Website: www.nationalaccesscannabis.com
Tuesday, October 23rd, 2018UncategorizedComments Off on $VVCIF Announces Initial $5 Million Strategic Investment in National Access Cannabis
Pressure BioSciences (OTCQB: PBIO) recently unveiled the HUB880 Explorer, a high-pressure based system that will empower public health, microbiology, food science, agriculture and other research scientists to study the manner in which pressure can kill food pathogens. A recent article discussing the company reads, “Through the use of the new HUB880 Explorer, researchers will become capable of reaching higher pressure levels and working with larger sample sizes. This way, the manner in which pathogens contribute to spoilage and safety hazards will be studied more thoroughly. Because of this enhancement, the HUB880 Explorer could potentially lead to higher revenue levels in the foreseeable future, Dr. Lawrence noted. … Pressure BioSciences President and CEO Richard T. Schumacher said that the company is concentrating its efforts in two fields – pressure-based research instruments for use in scientific research settings and the Ultra Shear Technology, which is a scalable food processing method. The aim of UST is to address the limitations of using standard high-pressure processing and other food processing technologies in the quest to develop a scalable, enabling food processing method that can result in safer, great tasting, longer shelf-life, clean label (no chemical additives) food.”
Pressure BioSciences, Inc. (OTCQB: PBIO) is a leader in the development and sale of innovative, broadly enabling, pressure-based solutions for the worldwide life sciences industry. The company’s products are based on the unique properties of both constant (i.e., static) and alternating (i.e., pressure cycling technology, or “PCT”) hydrostatic pressure. PCT is a patented enabling technology platform that uses alternating cycles of hydrostatic pressure between ambient and ultra-high levels to safely and reproducibly control bio-molecular interactions (e.g., cell lysis, biomolecule extraction). PBIO’s primary focus is in the development of PCT-based products for biomarker and target discovery, drug design and development, biotherapeutics characterization and quality control, soil & plant biology, forensics, and counter-bioterror applications. Additionally, major new market opportunities have emerged in the use of its pressure-based technologies in the following areas: (1) the use of its recently acquired PreEMT technology from BaroFold, Inc. to allow entry into the biologics contract research services sector, and (2) the use of its recently-patented, scalable, high-efficiency, pressure-based Ultra Shear Technology (“UST”) platform to (i) create stable nanoemulsions of otherwise immiscible fluids (e.g., oils and water) and to (ii) prepare higher quality, homogenized, extended shelf-life or room temperature stable low-acid liquid foods that cannot be effectively preserved using existing non-thermal technologies. For more information, visit the company’s website at: www.PressureBiosciences.com.
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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MIAMI, FL, Oct. 22, 2018 — via NEWMEDIAWIRE — Net Element, Inc. (NASDAQ: NETE) (“Net Element” or the “Company”), a global technology and value-added solutions group that supports electronic payments acceptance in a multi-channel environment including point-of-sale (“POS”), e-commerce and mobile devices, announces the launch of a secure and compliant payment processing offering aimed at the legal cannabis industry.
For years, experts have predicted that the American cannabis market will reach $20 billion by 2020. But as it turns out, the legal hemp-CBD (cannabidiol) sector alone is spinning off into a mega-market. According to the Brightfield Group, the CBD market will soon hit $22 billion by 2022 and with increased growth among its sectors and favorable legislation, analysts say the cannabis industry is paced to hit $591 million in 2018 and could increase 40 times in the next four years.
While CBD products previously were available mostly in head shops, availability has spread to natural food stores, beauty aisles, cafes and doctors’ offices for various maladies. This rampant growth also creates heightened need for smooth transactions between merchants and consumers. Payment processing and compliance for the legal cannabis industry has become increasingly complex; Unified Payments is addressing the challenges by offering a compliant, seamlessly integrated payment solution that makes it simple to transact.
“We are excited to launch a legal cannabis payment acceptance solution to meet the needs of sales partners and merchants for this emerging market,” commented Vlad Sadovskiy, president of integrated payments for Net Element. “Addressing the needs of our merchants is our No. 1 priority and we work closely with various vendors to bring our merchants state-of-the-art payment acceptance solutions.”
About Net Element
Net Element, Inc. (NASDAQ: NETE) operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the U.S. and selected emerging markets. In the U.S., the Company aims to grow transactional revenue by innovating SME productivity services using blockchain technology solutions and Aptito, our cloud-based, restaurant and retail point-of-sale solution. Internationally, Net Element’s strategy is to leverage its omni-channel platform to deliver flexible offerings to emerging markets with diverse banking, regulatory and demographic conditions. Net Element was ranked as one of the fastest growing companies in North America on Deloitte’s 2017 Technology Fast 500™. In 2017 we were recognized by South Florida Business Journal as one of 2016’s fastest-growing technology companies. Further information is available at www.NetElement.com.
Forward-Looking Statements
Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Net Element and are difficult to predict. Examples of such risks and uncertainties include but are not limited to whether the Company’s payments solution for the cannabis industry will be successful. Additional examples of such risks and uncertainties include, but are not limited to (i) Net Element’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Net Element’s ability to maintain existing, and secure additional, contracts with users of its payment processing services; (iii) Net Element’s ability to successfully expand in existing markets and enter new markets; (iv) Net Element’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Net Element’s business; (viii) changes in government licensing and regulation that may adversely affect Net Element’s business; (ix) the risk that changes in consumer behavior could adversely affect Net Element’s business; (x) Net Element’s ability to protect its intellectual property; (xi) local, industry and general business and economic conditions; and (xii) adverse effects of potentially deteriorating U.S.-Russia relations, including, without limitation, over a conflict related to Ukraine, including a risk of further U.S. government sanctions or other legal restrictions on U.S. businesses doing business in Russia. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Net Element with the Securities and Exchange Commission. Net Element anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Net Element assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.
Contact:
Net Element, Inc.
+1 (786) 923-0502
www.netelement.com
Media@NetElement.com
Corporate Communications Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
+1 (212) 418-1217 Office
Editor@NetworkNewsWire.com
Monday, October 22nd, 2018UncategorizedComments Off on $NETE Launches Compliant Payments Solution for the Legal Cannabis Industry
TORONTO, Oct. 19, 2018 – The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (US:TGODF) is pleased to announce that it has closed its previously announced short form prospectus offering, on a bought deal basis, including the partial exercise of the underwriters’ over-allotment option in the form of warrants of the Company (each, a “Warrant”). A total of 10,950,000 units of the Company (the “Units“) and 1,642,500 Warrants at a price per Unit of $6.85 for aggregate gross proceeds of approximately $76 million (the “Offering“). The Offering was conducted by a syndicate of underwriters led by Canaccord Genuity Corp., acting as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters including PI Financial Corp., and Laurentian Bank Securities Inc. (collectively, the “Underwriters”).
Each Unit is comprised of one common share of the Company (a “Common Share”) and one Warrant. Each Warrant entitles the holder to purchase one Common Share at an exercise price of $9.00 for a period of 30 months from the date hereof.
In consideration for their services, the Underwriters received a cash commission equal to 6% of the gross proceeds of the Offering.
The net proceeds of the Offering will be used for expansion initiatives and general corporate purposes.
The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This news release will not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
On Behalf of the Board of Directors,
The Green Organic Dutchman Holdings Ltd.
Brian Athaide
Chief Executive Officer
ABOUT THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD.
The Green Organic Dutchman Holdings Ltd. is a premium global organic cannabis company, with operations focused on medical cannabis markets in Canada, Europe and Latin America and the Canadian adult-use market. The Company grows high quality, organic cannabis with sustainable, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a funded capacity of 170,000 kg and is building 1,382,000 sq. ft. of cultivation facilities across Ontario, Quebec and Jamaica.
TGOD’s Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol “TGOD” and “TGOD.WT”, respectively.
Forward-Looking Information Cautionary Statement
This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”). Forward looking statements in this release includes, but is not limited to, statements about the future legalization of cannabis-infused products in Canada, statements about future research, development and innovation by the Company, statements about the offering of any particular products by the Company in any particular territory and statements regarding the future performance of the Company. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of Toronto Stock Exchange) accept responsibility for the adequacy or accuracy of this release.
Friday, October 19th, 2018UncategorizedComments Off on $TGODF $TGOD Announces Closing of C$76 Million Bought Deal
Emerging technology development corporation Pacific Software’s (OTC: PFSF) proprietary e-commerce trade platform, set to launch in November, will facilitate efficient trading, initially focusing on the agricultural supply chain between China and Brazil. An article discussing this reads, “By integrating the company’s Agri-Blockchain technology, the platform will offer increased transparency and trust regarding origin, quality and safety of products in the supply chain. This will also help speed up removal of contaminated food, making it easier to trace the source of contamination, thus reducing costs exponentially. Using IBM’s Hyperledger Blockchain ‘Backend as a Service’ infrastructure, Pacific Software’s platform will be able to store, record and track digital product information from farm to fare, including batch identification numbers, expiration dates, factory and processing information, shipping details and more.”
Pacific Software, Inc. (OTC: PFSF) is an emerging development technology corporation positioned for investments, mergers and acquisitions of software technologies and platforms. The Company is a designer, developer and commercial distributor of blockchain-based systems. The Company intends to be uniquely positioned to deliver B2B and B2C blockchain solutions by utilizing IBM’s Hyperledger Blockchain “Backend as a Service” (BaaS) Infrastructure for two key industries: Agriculture, to target farm-to-table beef exports; and Opioids/Controlled Substance Management, to create a verifiable and trusted ledger between pharmaceutical manufacturers and consumers. For additional information please visit: www.PacificSoftwareInc.com.
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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