Archive for November, 2018

$DPW Announces Expansion Plan with IAM, Inc.

Newport Beach, CA, Nov. 19, 2018  — DPW Holdings, Inc. (NYSE American: DPW) (“DPW”) a diversified holding company, today announced it has reached agreement with IAM, Inc. (“IAM”), owner of the Prep Kitchen brand of restaurants, to target for 2019 the addition of up to 4 locations and initiates for Prep Kitchen and its parent, an active growth plan over years to come. The program seeks to expand Prep Kitchen restaurant brand as well as include in the future other restaurant concepts.

“DPW seeks assets with significant promise,” said Milton “Todd” Ault III, DPW’s CEO and Chairman. “With strong hospitality leadership, IAM, Inc. and Prep Kitchen is positioned to capitalize on the exploding San Diego market. This commitment allows growth for IAM to double the size of their current portfolio.” IAM, a subsidiary of DPW Holdings, is a strategic asset of the company’s hospitality group and will be a member of the DPW Financial Group in 2019.

IAM purchased the original three Prep Kitchen venues in January 2018 and opened a fourth location in June. The expansion plans include four additional venues in 2019 in the San Diego area. The growth plans for 2020 include expansion in additional cities in Southern California, Arizona and Southern Nevada.

Prep Kitchen

Prep Kitchen has been serving distinctive, locally driven cuisine since 2009 when it opened its first location in La Jolla, California. The beloved restaurant now serves communities throughout San Diego County at four locations in La Jolla, Del Mar, Little Italy, and San Marcos. The Prep Kitchen brand is known for its seasonally minded, thoughtfully crafted menu that incorporates signature dishes unique to each location, reflecting the personality of the surrounding neighborhood. The experiential casual eatery partners with local artisans and farmers as much as possible and offers brunch, lunch, happy hour, and dinner as well as a selection of beer, wine, and handcrafted cocktails. Crowd favorites include Bolognese, Crispy Tuna and the PK Burger.

About DPW Holdings, Inc.

DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies that hold global potential. Through its wholly owned subsidiaries and strategic investments, the company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, crypto-mining, and textiles. In addition, the company owns a select portfolio of commercial hospitality properties and extends credit to select entrepreneurial businesses through a licensed lending subsidiary. DPW Holdings, Inc.’s headquarters is located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663; www.DPWHoldings.com.

Forward-Looking Statements

The foregoing 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. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.DPWHoldings.com.

 

Contacts: 
Mary Magnani and Kirsten Chapman, LHA Investor Relations, 415.433.3777, dpwholdings@lhai.com
Monday, November 19th, 2018 Uncategorized Comments Off on $DPW Announces Expansion Plan with IAM, Inc.

$TGODF Gets ‘Buy’ Rating from Top Investment Bank

  • Canaccord Genuity initiates coverage of TGOD with C$7.00 price target
  • TGOD expands international footprint to 17 countries with joint venture In Mexico
  • Appoints new CFO, strengthens marketing and compliance with senior appointments

Canaccord Genuity has turned bullish on The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF), and its reasons are set out in an initiation report. The Canadian producer of organic cannabis is set for international expansion, say analysts from the investment bank’s research division. They have initiated coverage with a “Speculative Buy” rating and a price target of C$7.00 ($5.40), which is almost double the present value of the company’s shares (http://nnw.fm/p87HF). TGOD, they say, has enough cash “to achieve annual capacity of approximately 195,000 kg (excluding hemp production).” Some of that production may make its way to Mexico under a joint venture agreement, as the company continues to expand its international footprint. To run the show, TGOD is bringing in new talent. It now has a new CFO and has made appointments, at a senior level, in compliance and marketing.

The Canaccord Genuity analysts believe that a major differentiating factor for TGOD is its focus on organic cannabis, which is preferred, according to a…

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Friday, November 16th, 2018 Uncategorized Comments Off on $TGODF Gets ‘Buy’ Rating from Top Investment Bank

$PFSF Connecting China and Latin America via E-commerce Trade Platform

Pacific Software (OTC: PFSF) is currently building a proprietary e-commerce trade platform with the potential to develop trade between Latin America and China. The platform is anticipated to be in production soon and will integrate blockchain components, including PFSF’s Agri-Blockchain. An article further discussing the company reads, “Development of the PFSF platform will be undertaken using IBM’s Hyperledger Blockchain “Backend as a Service” (BaaS) infrastructure. The IBM BaaS platform has the capability to record, store and track a variety of digital product information, such as farm origination details, batch numbers, factory and processing data, expiration dates, storage temperatures and shipping details. It is ideal for tracking the tonnes of beef that makes their way from Brazil to Hong Kong.”

To view the full article, visit: http://ccw.fm/Im8Bo

About Pacific Software

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.

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CryptoCurrency Wire (CCW) 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 CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW 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, CCW brings its clients unparalleled visibility, recognition and brand awareness.

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$NUGS Seeking Out Cultivation Facilities with Existing Infrastructure

Cannabis Strategic Ventures (OTC: NUGS) is on the lookout for grow facilities with existing infrastructure in states that have legalized cannabis as a supply shortage becomes imminent California. A recent article discussing the company reads, “Cannabis Strategic Ventures has already embarked on pre-acquisition due diligence for prospective cultivation properties located in states that have legalized cannabis. The company has identified several cannabis grow facilities in California and has begun analyzing these for possible acquisition. It is targeting several locations with areas exceeding 200,000 square feet that have existing cultivation infrastructure in place, since it wants to move into cultivation very quickly. NUGS believes that an involvement in cultivation will allow it to realize synergies that will reduce costs and augment the benefits offered by its retail brands. The acquisition of grow facilities will strengthen the strategy of vertical integration and diversification. NUGS plans to operate in the cannabis HR space, leveraging the institutional expertise of the Worldwide Staffing Group, which it is in talks to acquire. The cannabis staffing services will be under the aegis of subsidiary BudHire.”

To view the full article, visit: http://nnw.fm/y3vSX

About Cannabis Strategic Ventures, Inc.

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.

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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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Friday, November 16th, 2018 Uncategorized Comments Off on $NUGS Seeking Out Cultivation Facilities with Existing Infrastructure

$NUGL on MoneyTV with Donald Baillargeon

November 16, 2018 / Cannabis search app, real estate, payment system, CBD, water solutions, underserved financial market, Argentine marijuana farm, wildfire devastation; this week on MoneyTV with Donald Baillargeon.

MoneyTV is the internationally syndicated television program all about money and what makes it happen, (http://www.moneytv.net), featuring informative interviews with company CEOs and executives, providing insights into their operations and outlooks for their futures. MoneyTV is seen in over 200 million TV households in more than 75 countries.

Free information packages from the featured companies can be requested by sending an email to info@moneytv.net.

The television program can also be viewed online immediately at www.moneytv.net.

Featured companies on this week’s program include:

Surge Holdings, Inc. (OTCQB: SURG) CEO Brian Cox was ”On-Location” from their Centercom operations center in El Salvador.

NUGL, Inc. (OTCPINK: NUGL) Founder CJ Melone and VP of Sales Bob Waters spoke of their cannabis search app.

Players Network, Inc. (OTCQB: PNTV) CEO Mark Bradley announced a 33,600 acre marijuana farm JV in Argentina.

Singlepoint, Inc. (SING) CEO Greg Lambrecht announced $5 million in acquisition and operations funding.

OriginClear, Inc. (OCLN) CEO Riggs Eckelberry showed video of their first Modular Water delivery.

Digital Asset Monetary Network, Inc. (DATI) portfolio company TransAtlantic Real Estate CEO Nicole Birch spoke of their California cannabis farm.

ChineseInvestors.com, Inc. (CIIX) CEO Warren Wang reported from the big marijuana show in Las Vegas.

A complete menu of TV listings is available at the MoneyTV web site, http://www.moneytv.net.

MoneyTV Executive Producer and Anchor Donald Baillargeon is also the host of MoneyRap Radio, http://www.moneyrap.com and the television program Crowdfund Television, http://www.crowdfundtelevision.com.

MoneyTV with Donald Baillargeon television program, Copyright MMXVIII, all rights reserved. MoneyTV does not provide an analysis of companies’ financial positions and is not soliciting to purchase or sell securities of the companies, nor are we offering a recommendation of featured companies or their stocks. Information discussed herein has been provided by the companies and should be verified independently with the companies and a securities analyst. MoneyTV provides companies a 3 to 4 month corporate profile with multiple appearances for a cash fee of $11,995.00 to $17,250.00, does not accept company stock as payment for services, does not hold any positions, options or warrants in featured companies. The information herein is not an endorsement by Donald Baillargeon, the producer, publisher or parent company of MoneyTV.

Contact:

Donald Baillargeon
info@moneytv.net
949 388 5267

Friday, November 16th, 2018 Uncategorized Comments Off on $NUGL on MoneyTV with Donald Baillargeon

$NETE s One of The Fastest Growing Companies in North America: Deloitte Fast 500

MIAMI, FL, Nov. 16, 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, today announced that it ranked on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing companies in North America. Net Element grew 183% percent during this period.

“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”

Net Element credits the Company’s progression to continued organic growth in its North America Transactions Segment, specifically the success of its Unified Payments brand, which focuses on value-added payment acceptance for small to medium enterprises in the U.S.

“We are excited to be recognized by Deloitte for our growth over the past three years. This is further affirmation that our approach to the reseller community levels the playing field and increases recurring sales for Unified Payments,” states Vlad Sadovskiy, president of integrated payments for Net Element.

This year’s award also affirms that Net Element’s SaaS (software-as-a-service) solutions continues to gain adoption in the payments acceptance environment.  “Software, which accounts for nearly two of every three companies on the list, continues to produce some of the most exciting technologies of the 21st century, including innovations in artificial intelligence, predictive analytics and robotics,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and Industry Leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “This year’s ranking demonstrates what is likely a national phenomenon, where many companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth.”

Overall, 2018 Technology Fast 500™ companies achieved revenue growth ranging from 143 percent to 77,260 percent from 2014 to 2017, with median growth of 412 percent.

About Deloitte’s 2018 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2014 to 2017.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

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 and 2018 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.

About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

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 SaaS (software-as-a-service) products will continue its growth trajectory.  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

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$RIV.V Canadian CBD Producers Dramatically Increase Operations

Canada has recently legalized cannabis at a recreational level, but cannabis in its whole form is not the only niche of the expansive industry that is currently benefiting from legalization. This boost has put the demand into hyperdrive for CBD-oil as CBD-products continue to diversify and experience a massive uptick in popularity in consumer markets. A report by the Brightfield Group estimates the industry will be valued north of $2 billion by 2020. Additionally, over 60% of CBD sales are occurring online, allowing Canadian-based companies to expand their market share across borders.  Active Companies from around the cannabis market with current developments aimed at grabbing a piece of the green rush include: Instadose Pharma Corp., Canopy Growth Corporation (TSX:WEED) (NYSE:CGC), Aphria Inc. (TSX:APHA) (NYSE:APHA), WeedMD Inc. (TSX-V:WMD) (OTC:WDDMF), Aurora Cannabis Inc. (TSX:ACB) (NYSE:ACB), Tilray, Inc. (NASDAQ:TLRY).

Instadose Pharma Corp., BREAKING NEWS:  Canadian based company Instadose Pharma Corp., a wholly owned subsidiary of Excellence Health Group Inc., has become the largest cultivator and pharmaceutical producer of CBD oil. The company received the only license granted in the DRC to import, export, cultivate and process CBD oil from cannabis.

Instadose Pharma is an agricultural and pharmaceutical firm that has had a partnership in traditional growing in the DRC for 5 years.

The land under cannabis cultivation is over 100,000 hectares, producing CBD Oil that is GMP certified and pharma grade 99.7% CBD. The company is the largest agricultural grower in the DRC and has a production capacity of 900,000 litres per year, with the largest agricultural presence in the entire DRC.

This news has created an unanticipated blow to the market price of the world oil sector. If the company releases oil that is of the highest quality in the world market at a price that devalues the entire index, what will happen to all the licensed producers in this sector?

The fact is that DRC production is the most sophisticated facility for oil production. It is not only GMP certified but pharmaceutically accredited with EU Pharmacopeia standards. The leaders in the industry cannot produce oil in any other regions at this price. Instadose Pharma Corp. is also located in Colombia, Argentina and Chile, however, the ideal cost of producing and growing cannabis in the DRC makes South America non-competitive.

Grant F. Sanders, CEO, of Excellence Health Group Inc. said: “This is potentially a disruptive flow to the cannabis sector regarding oil production and prices. Our facilities and production will increase accordingly as the world market and prices dictate. We are selling our oil with off-take agreements worldwide including Canada, with the first release of 90,000 litres. Our firm price scale will illustrate the cost to produce in our facility. This will have a rapid effect on the industry for not only producers but the retail customer base. I have great concerns about the reaction of this news with licensed producers and the public investment sector.”   Read this and more news for Instadose Pharma at:  http://www.financialnewsmedia.com/news-inst

In other industry developments and happenings in the market this week include:

  

Canopy Rivers Inc. (TSX-V:RIV.V) will report its second quarter fiscal 2019 financial results after markets close on Monday, November 26, 2018. The Company’s unaudited condensed interim financial statements and Management’s Discussion and Analysis for the three and six months ended September 30, 2018 will be available on the Company’s profile on SEDAR at www.sedar.com and in the investors section of the Company’s website at www.canopyrivers.com. Certain preliminary financial information pertaining to the Company can also be found in the financial results released by Canopy Growth Corporation (TSX:WEED) (NYSE:CGC) on November 14, 2018. All preliminary financial information with respect to the quarter ended September 30, 2018 pertaining to the Company in the financial results of Canopy Growth Corporation are preliminary and are unaudited and subject to change and adjustment as the Company prepares its consolidated financial statements for the quarter ended September 30, 2018. Accordingly, investors are cautioned not to place undue reliance on the preliminary financial information.

Aphria Inc. (TSX:APHA) (NYSE:APHA) has proposed to acquired CC Pharma GmbH, a leading distributor of pharmaceutical products to more than 13,000 pharmacies in Germany. The transaction, when closed, will strengthen the company’s end-to-end medical cannabis operations and infrastructure in Germany, a key market in Aphria’s international expansion. It is anticipated that the transaction will close in January, 2019.  “This acquisition strengthens our foothold in Germany, one of the most highly sought-after medical cannabis markets in the world,” said Vic Neufeld, chief executive officer of Aphria. “CC Pharma is cash flow positive and has significant experience with regulatory requirements and international logistics. It will be a strong addition to Aphria’s presence in Germany, providing deeper access to the important pharmacist channel and advancing our ambitious global growth strategy.”

WeedMD Inc. (TSX-V:WMD.V) (OTCQX:WDDMF) has secured a licence from Health Canada to sell cannabis cultivated at its greenhouse facility in Strathroy, Ont. The original licence, issued under the Access to Cannabis for Medical Purposes Regulations (ACMPR), was successfully migrated to a licence under the Cannabis Act and its regulations. The sales licence allows the company to transport cannabis from its Strathroy greenhouse to its nearby indoor facility in Aylmer, Ont., for packaging and distribution to its medical and adult-use customers.  “We are thrilled to secure approval to begin selling the medical-grade cannabis that we’ve been cultivating at our production facility in Strathroy,” said Keith Merker, chief executive officer of WeedMD.

Aurora Cannabis Inc. (TSX:ACB) (NYSE:ACB) has appointed Dr. Jonathan Page, PhD, as the company’s chief science officer.  In this new role, Dr. Page will oversee all science-related projects at the company. The Aurora science team develops innovative products for the medical, wellness and adult consumer markets, and focuses on delivering industry-leading cultivation results in terms of yields, consistency, quality and efficiency. Dr. Page is a globally renowned cannabis scientist, with 37 peer-reviewed publications, who was the co-lead of the Canadian team of scientists who first sequenced the cannabis genome. His work also helped discover the biochemical pathways leading to the major cannabinoids. Prior to his appointment, Dr. Page served as chief executive officer of recently acquired Anandia Labs, the world-leading, cannabis-focused science company he co-founded.

Tilray, Inc. (NASDAQ:TLRY), a global leader in cannabis production and distribution, this week reported financial results for the third quarter and nine months ended September 30, 2018. All financial information in this press release is reported in U.S. dollars, unless otherwise indicated.  “The cannabis industry remains very robust and we are pleased with our revenue momentum and strategic achievements in the third quarter,” said Brendan Kennedy, President and Chief Executive Officer of Tilray. “We are in the early stages of achieving our growth potential and our team continues to strategically execute on disciplined operational initiatives and investments to support Tilray’s long-term, sustainable growth as the pace of legalization continues to accelerate around the world. Going forward, the demand for our products is strong and we remain committed to expanding our leadership in the global medical and adult-use cannabis markets.”

DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM has been compensated twenty six hundred dollars for news coverage of the current press releases issued by Instadose Pharma Corp.. by a non affiliated third party.  FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

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Friday, November 16th, 2018 Uncategorized Comments Off on $RIV.V Canadian CBD Producers Dramatically Increase Operations

$FRSX Announces Third Quarter 2018 Financial Results

Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning reported financial results for the third quarter ended September 30, 2018. Among other highlights, the report noted that the company ended the quarter with $19.3 million in cash and short-term deposits. Foresight also reported GAAP net loss of $3.75 million and non-GAAP net loss of $3.76 million. “During the third quarter, we continued early sales of our QuadSight prototype and expanded our geographic footprint into Asia,” Foresight Autonomous Holdings CEO Haim Siboni stated in the news release. “We are pleased that a leading Chinese electric and autonomous vehicle manufacturer has recently purchased our QuadSight prototype. China is a market leader in electric vehicle sales, so the opportunity to test and potentially integrate our system opens the door to substantial future possibilities for revenue growth. Furthermore, additional customer relationships enable us to modify and improve our system based on market needs, improving our competitive edge.”

To view the full press release, visit: http://nnw.fm/f2D8n

About Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd., founded in 2015, is a technology company engaged in the design, development and commercialization of stereo/quad-camera vision systems and V2X cellular based solutions for the automotive industry. Foresight’s vision systems are based on 3D video analysis, advanced algorithms for image processing and sensor fusion. The company, through its wholly owned subsidiary Foresight Automotive Ltd., develops advanced systems for accident prevention, which are designed to provide real-time information about the vehicle’s surroundings while in motion. The systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. The company’s systems are targeting the Advanced Driver Assistance Systems (ADAS), semi-autonomous and autonomous vehicle markets. The company predicts that its systems will revolutionize automotive safety by providing an automotive grade, cost-effective platform, and advanced technology. For more information, visit the company’s website at www.ForesightAuto.com

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Thursday, November 15th, 2018 Uncategorized Comments Off on $FRSX Announces Third Quarter 2018 Financial Results

$RIV.V to Report Second Quarter Fiscal 2019 Financial Results

TORONTO, Nov. 14, 2018 –  Canopy Rivers Inc. (the “Company”) (TSXV: RIV) will report its second quarter fiscal 2019 financial results after markets close on Monday, November 26, 2018. The Company’s unaudited condensed interim financial statements and Management’s Discussion and Analysis for the three and six months ended September 30, 2018 will be available on the Company’s profile on SEDAR at www.sedar.com and in the investors section of the Company’s website at www.canopyrivers.com.

Certain preliminary financial information pertaining to the Company can also be found in the financial results released by Canopy Growth Corporation (TSX: WEED, NYSE: CGC) on November 14, 2018. All preliminary financial information with respect to the quarter ended September 30, 2018 pertaining to the Company in the financial results of Canopy Growth Corporation are preliminary and are unaudited and subject to change and adjustment as the Company prepares its consolidated financial statements for the quarter ended September 30, 2018. Accordingly, investors are cautioned not to place undue reliance on the preliminary financial information. The preliminary results constitute “forward-looking information” within the meaning of applicable Canadian securities laws and are subject to a number of risks and uncertainties. Actual results may differ materially. See “Forward-looking Statements”.

About Canopy Rivers Inc.
The Company is a unique investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector. The Company works collaboratively with Canopy Growth Corporation (TSX: WEED, NYSE: CGC) to identify strategic counterparties seeking financial and/or operating support. The Company 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 the Company believes will maximize value for its shareholders and foster an environment of innovation, synergy and value creation for the entire ecosystem.

Forward-Looking Statements

This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. To the extent any forward-looking information referred to in this news release constitutes “financial outlooks” within the meaning of applicable Canadian securities laws, such information is preliminary financial results for the quarter ended September 30, 2018 and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such financial outlooks. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and expectations for other economic, business, and/or competitive factors.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflects management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Financial outlooks, as with forward-looking information generally, are, without limitation, based on the assumptions and subject to various risks as set out herein. The Company’s actual financial position and results of operations may differ materially from current expectations. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the preliminary financial results are subject to the completion of the Company’s financial closing procedures and have not been audited or reviewed by the Company’s independent registered public accounting firm; regulatory and licensing risks; changes in general economic, business and political conditions, including changes in the financial markets; potential conflicts of interest; the Canadian regulatory landscape and enforcement related to cannabis, including political risks and risks relating to regulatory change; changes in applicable laws; compliance with extensive government regulation; public opinion and perception of the cannabis industry; and the risk factors set out in the joint management information circular of Canopy Rivers Corporation and the Company dated August 8, 2018, filed with Canadian securities regulators and available on the Company’s profile on SEDAR at www.sedar.com..

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Neither the 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.

For further information: 

Canopy Rivers Inc.
www.canopyrivers.comKaroline Hunter
Sr. Director, Investor Relations & Communications
E-mail: ir@canopyrivers.com
 

Daniel Pearlstein
Executive Vice President, Strategy
E-mail: daniel@canopyrivers.com

Wednesday, November 14th, 2018 Uncategorized Comments Off on $RIV.V to Report Second Quarter Fiscal 2019 Financial Results

$TGODF Political Wins Hold Promise for Strong Cannabis Strategies

CannabisNewsWire Editorial Coverage: State ballots and the departure of Jeff Sessions have led to fresh confidence in the cannabis sector.

  • The cannabis industry is going through a period of huge growth.
  • Two states recently voted to legalize medical cannabis and one voted to legalize recreational cannabis.
  • The departure of Jeff Sessions removes a significant block for the industry.
  • A variety of strategies—some focused on product and others on support services—are emerging to make the most of this market.

Generation Alpha, Inc. (OTCQB: GNAL) (GNAL Profile) has developed a dual strategy to make the most of this opportunity, investing in both product and supplies for producers. MedMen Enterprises, Inc. (CSE: MMEN) (OTCQX: MMNFF) is financially supporting further legal reform while building up a cultivation and retail business across several states. KushCo Holdings Inc. (OTCQB: KSHB) has grown from a packaging company to one providing a range of support services. As new niches emerge, The Green Organic Dutchman (OTCQX: TGODF) (TSX: TGOD) is staking its claim through a focus on organic, sustainably grown cannabis. Even non-cannabis companies are profiting from this growth, with Scotts Miracle-Gro Company (NYSE: SMG) investing in hydroponics offerings that will supply…

Read more »

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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 Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, CNW, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment.

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Wednesday, November 14th, 2018 Uncategorized Comments Off on $TGODF Political Wins Hold Promise for Strong Cannabis Strategies

$PBIO to Discuss Third Quarter 2018 Financial Results and Provide Business Update

Conference Call Scheduled for Wednesday, November 14th at 4:30 PM EST

SOUTH EASTON, MA / November 14, 2018 / Pressure BioSciences, Inc. (OTCQB: PBIO) (“PBI” and the “Company”) today announced that the Company will host a teleconference to discuss its Third Quarter 2018 financial results and to provide a business update. Anyone interested may listen to the teleconference either live (by telephone) or through a replay (by telephone or via a link on the Company’s website approximately one day after the teleconference).

The teleconference will include a Company presentation followed by a question & answer period.

Date: Wednesday, November 14, 2018 Time: 4:30 PM Eastern Time (ET)

To attend this teleconference, live by telephone:

Dial-in: (877) 407-8033 (North America); (201) 689-8033 (International)

Verbal Passcode (for the operator): PBI Third Quarter 2018 Financial Call & Business Update

For those unable to participate in the live teleconference, a replay will be available beginning Thursday, November 15, 2018. The replay will be accessible via telephone and the Company’s website for 30 days.

Replay Number: (877) 481-4010 (North America); (919) 882-2331 (Int’l); Replay ID Number: 41256

About Pressure BioSciences, Inc.

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. Our 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). Our 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 our pressure-based technologies in the following areas: (1) the use of our recently acquired PreEMT technology from BaroFold, Inc. to allow immediate entry into the biologics contract research services sector, and (2) the use of our 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 about PBI and this press release, please click on the following link:

http://www.pressurebiosciences.com

Please visit us on Facebook, LinkedIn, and Twitter.

Investor Contacts:

Richard T. Schumacher, President & CEO (T) 508-230-1828

Joseph L. Damasio, CFO (F) 508-230-1829

Wednesday, November 14th, 2018 Uncategorized Comments Off on $PBIO to Discuss Third Quarter 2018 Financial Results and Provide Business Update

$DPW to Announce Third Quarter 2018 Financial Results on November 15

Newport Beach, CA, Nov. 14, 2018  — DPW Holdings, Inc. (NYSE American: DPW), a diversified holding company (the “Company”), will announce third quarter 2018 financial results after-market close on Thursday, November 15, 2018.

CEO and Chairman Milton “Todd” Ault III will host a conference call at 5:30 P.M. ET on November 15, 2018 to discuss third quarter 2018 results, provide a business update and answer questions. Mr. Ault will be joined by CFO and Vice Chairman William B. Horne and CAO Kenneth S. Cragun.

Shareholders, investors and interested parties who wish to participate in the webcast either online or by calling in must use this link to register prior to 4:30 P.M. ET on November 15, 2018:

https://zoom.us/webinar/register/WN_49CrIUAETeuFSAhDFU84Xw

In addition, links to the press release, conference presentation and webcast video will be available on the DPW Holdings website under the Investor Relations section.

About DPW Holdings, Inc.

DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly owned subsidiaries and strategic investments, the company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, crypto-mining, and textiles. In addition, the company owns a select portfolio of commercial hospitality properties and extends credit to select entrepreneurial businesses through a licensed lending subsidiary. DPW Holdings, Inc.’s headquarters is located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663; www.DPWHoldings.com

Contacts: 

Mary Magnani and Kirsten Chapman, LHA Investor Relations, 415.433.3777, dpwholdings@lhai.com
Wednesday, November 14th, 2018 Uncategorized Comments Off on $DPW to Announce Third Quarter 2018 Financial Results on November 15

$YGYI Companies Strategizing for Secure Placement in Growing Cannabis Sector

NEW YORK, Nov. 14, 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 “Growing Cannabis Industry Creates Space for New Strategies,” visit: http://cnw.fm/mTv4l

For companies such as Youngevity International, Inc. (NASDAQ: YGYI) that have a significant investment in cannabis, the past few years have been promising ones. The cannabis market has steadily grown as popular sentiment-driven legalization has opened the way for companies to thrive, which in turn has strengthened their campaigns for further legalization. The success of first medical and then recreational legalization in many states and Canada has reassured others that this is a safe path to follow, creating a North American industry that was worth over $9 billion in 2017, according to a Forbes report. That value is forecast to keep rising, with a predicted value of $47.3 billion by 2027.

A significant part of that industry is made up of cannabidiol (CBD) products. Derived from both marijuana and industrial hemp, CBD is used in health and wellness products such as Youngevity’s Hemp FX™ range. Though some industry predictions may be unreasonably optimistic, performance indicates that CBD products are increasingly popular and are expected to give a significant boost to cannabis businesses. With Congress expected to legalize widespread hemp cultivation as part of the current Farm Bill, the supply of CBD has the potential to soar.

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.

For more information please visit https://www.CannabisNewsWire.com

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.

CNW Corporate Communications Contact:
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Wednesday, November 14th, 2018 Uncategorized Comments Off on $YGYI Companies Strategizing for Secure Placement in Growing Cannabis Sector

$NETE Reports Third Quarter 2018 Financial Results and Provides Business Update

Net revenues increased 19% for the quarter as compared to the prior year, loss per share narrows significantly over the same period last year

MIAMI, Nov. 14, 2018 — 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, today reports its financial results for the third quarter ended September 30, 2018, and provides an update on recent strategic and operational initiatives.

Conference Call:

On November 15, 2018, at 8:30 a.m. EST the Company will host a conference call to discuss 2018 third-quarter financial results and business highlights. The conference call can be accessed live over the phone by dialing +1 (877) 303-9858, or for international callers +1 (408) 337-0139, and referencing conference code 73855497. It is recommended that participants dial in approximately 10 minutes prior to the start of the call.

The call will also be webcast live from https://edge.media-server.com/m6/p/bnctmpfp. Following completion of the call, a recorded replay of the webcast will be available on the www.netelement.com/en/ir website.

Financial Performance:

Net revenues were approximately $17.2 million for the three months ended September 30, 2018, compared to approximately $14.9 million for the prior year. The increase was primarily driven by an increase of approximately $2.5 million (or 19 %) in net revenues from our North American Transaction Solutions segment due to organic growth and the acquisition of a transactional services portfolio.

Net revenues were approximately $49.7 million for the nine months ended September 30, 2018, compared to approximately $44.6 million for the prior year. The increase of approximately $5.1 million (or 11.5%) in total net revenues for the nine months ended September 30, 2018 is primarily due to organic growth of merchants in our North American Transaction Solutions segment, which was partially offset by an approximately $1.2 million (or 17.2%) decrease in net revenues from our International Transaction Solutions segment as we continued reorganizing and combining our mobile payments operations with PayOnline. We have eliminated mobile payment operations staff and assigned current responsibilities to team members at PayOnline and TOT Group Russia and continue to explore partnership opportunities that can monetize our experience and relationships with mobile operators and local institutions.

United States accounted for 90.4% of total revenues for the third quarter and 88.5% for nine months ended September 30, 2018, while international revenues were 9.6% for the third quarter and 11.5% for the nine months ended September 30, 2018.

  • Total dollars processed for the nine months ended September 30, 2018 increased 35% to $2.45 billion from $1.81 billion in transaction volume during the same period in 2017. Led by robust growth from our subsidiary Unified Payments, the North American Transaction Solutions segment saw the largest increase of 39% to $2.17 billion from $1.56 billion. International Transaction Solutions increased 10% to $283 million from $257 million.
  • Total transactions processed during the nine months ended September 30, 2018 increased 34% to 73.0 million compared to 54.6 million for the same period in 2017. The increase in transactions processed came primarily from North American Transaction Solutions segment, which saw an increase of 40% to 43.7 million from 31.1 million. International Transaction Solutions segment processed 29.3 million versus 23.1 million, which represents an increase of 25%. Growth in all segments was organic. The above results include the reorganization of the mobile payments segment into the International Transactions Solutions segment.

“We are pleased with our performance in the third quarter and the nine months period as we continue to deliver double digit net revenue growth with improved gross margin performance, underscoring the ongoing execution of our technology enabled, value-added strategy,” commented Oleg Firer, CEO of Net Element. “We continue to take steps that will enhance our long-term performance as we remain focused on growth and building value for our shareholders.”

Third Quarter 2018 Business Highlights:

  • Acquired recurring cash flow assets for a total of $2.7 million, which are expected to generate in excess of $5 million in gross profits over the next four years.
  • Launched subscription-based payment processing offering aimed at small businesses in the United States. The new offering targets the multi-billion dollar subscription economy and gains traction through a partnership agreement with Payment Club, projected to add over $1.5 million in gross profits over the next four years.

Results of Operations for the Three Months Ended September 30, 2018 Compared to the Three Months Ended September 30, 2017

We reported a net loss attributable to common stockholders of approximately $0.9 million or $0.23 per share loss for the three months ended September 30, 2018 as compared to a net loss of approximately $1.7 million or $0.90 per share loss for the prior year. The decrease in net loss attributable to stockholders of $0.8 million was primarily due to an increase in revenues.

Adjusting for non-cash compensation, we have a non-GAAP adjusted net loss attributable to common stockholders of approximately $0.9 million, or $0.22 loss per share, for the quarter ended September 30, 2018, as compared to a non-GAAP adjusted net loss attributable to common stockholders of approximately $1.6 million, or $0.82 loss per share, for the prior year.

Source of Revenues Three
Months Ended
September 30,
2018
Mix Three
Months Ended
September 30,
2017
Mix Increase /
(Decrease)
North American Transaction Solution $ 15,590,832 90.4 % $ 13,123,204 88.1 % $ 2,467,628
International Transaction Solutions 1,651,926 9.6 % 1,777,927 11.9 % (126,001 )
Total $ 17,242,758 100.0 % $ 14,901,131 100.0 % $ 2,341,627

 

Gross Margin Three
Months Ended
September 30,
2018
% of
revenues
Three
Months Ended
September 30,
2017
% of
revenues
Increase /
(Decrease)
North American Transaction Solution $ 2,304,622 14.8 % $ 1,844,106 14.1 % $ 460,516
International Transaction Solutions 378,328 22.9 % 300,398 16.9 % (77,930 )
Total $ 2,682,950 15.6 % $ 2,144,504 14.4 % $ 538.446

The gross margin for the three months ended September 30, 2018 was approximately $2.7 million, or 15.6% of net revenue, as compared to approximately $2.1 million, or 14.4% of net revenue, for prior year. The primary reason for the increase in the gross margin percentage was the result of North American Transaction Solutions negotiating favorable on-boarding contract terms and the processing of transactions utilizing our self-designated BIN/ICA.

Selling, general and administrative expenses remained flat at $2.4 million for the three months ended September 30, 2018 as compared to the prior year. The reduction of approximately $11,000 in selling, general and administrative expenses was primarily due to decreases in professional fees ($64,335), rent ($29,092) and office expenses ($29,561), offset by increases in salaries and benefits ($22,456), transaction losses ($31,297), and communications expenses ($52,959).

Selling, general and administrative expenses for the three months ended September 30, 2018 and 2017 consisted of operating expenses not otherwise delineated in our Condensed Consolidated Statements of Operations and Comprehensive Loss, as follows:

Category North
American
Transaction
Solutions
International
Transaction
Solutions
Corporate
Expenses &
Eliminations
Total
Salaries, benefits, taxes and contractor payments $ (89,678 ) $ 5,595 $ 106,539 $ 22,456
Professional fees (71,146 ) (153,926 ) 160,737 (64,335 )
Rent (21,640 ) (7,452 ) (29,092 )
Business development 23,377 (7,830 ) 3,394 18,941
Travel expense 6,983 (1,670 ) 12,198 17,511
Filing fees (6,448 ) (6,448 )
Transaction (gains) losses 31,297 31,297
Office expenses (12,216 ) (15,507 ) (1,838 ) (29,561 )
Communications expenses 27,566 12,406 12,987 52,959
Insurance expense (225 ) 3,959 3,734
Other expenses 1,005 (2,420 ) (26,967 ) (28,382 )
Total $ (114,109 ) $ (153,920 ) $ 257,109 $ (10,920 )

Salaries, benefits, taxes and contractor payments remained steady for the three months ended September 30, 2018 as compared to the prior year. This was primarily due to the Company’s continued monitoring of operations and the labor costs necessary to maintain or increase revenues.

Professional fees were approximately $0.6 million for the three months ended September 30, 2018 as compared to approximately $0.7 million for the prior year. The decrease was primarily due to the reorganization of mobile operations into PayOnline, which was offset by an increase in consulting fees relating to compliance training for the board of directors and internal control evaluation procedures.

Communications expenses for the three months ended September 30, 2018 were approximately $109,000 as compared to approximately $56,000 for the three months ended September 30, 2018. The difference was primarily due to increased web-hosting charges from our International Transaction Solutions segment.

All other operating expenses were relatively in line with the previous comparable quarter.

Results of Operations for the Nine Months Ended September 30, 2018 Compared to the Nine Months Ended September 30, 2017

We reported a net loss attributable to stockholders of approximately $3.4 million, or $0.88 per share loss, for the nine months ended September 30, 2018, as compared to a net loss attributable to stockholders of approximately $5.8 million, or $3.29 per share loss, for the prior year. The decrease in net loss attributable to stockholders of approximately $2.4 million was primarily due to an increase in revenues and other income, as well as, decreases in non-cash compensation.

Adjusting for non-cash compensation, we have a non-GAAP adjusted net loss attributable to common stockholders of approximately $3.3 million, or $0.84 loss per share, for the nine months ended September 30, 2018, as compared to a non-GAAP adjusted net loss attributable to common stockholders of approximately $5.1 million, or $2.88 loss per share, for the prior year.

Source of Revenues Nine
Months Ended
September 30,
2018
Mix Nine
Months Ended
September 30,
2017
Mix Increase /
(Decrease)
North American Transaction Solution $ 43,976,578 88.5 % $ 37,701,136 84.5 % $ 6,275,442
International Transaction Solutions 5,713,292 11.5 % 6,902,977 15.5 % (1,189,685 )
Total $ 49,689,870 100.0 % $ 44,604,113 100.0 % $ 5,085,757

 

Gross Margin Nine
Months Ended
September 30,
2018
% of
revenues
Nine
Months Ended
September 30,
2017
% of
revenues
Increase /
(Decrease)
North American Transaction Solution $ 6,482,502 14.7 % $ 5,488,080 14.6 % $ 994,422
International Transaction Solutions 1,298,483 22.7 % 1,581,022 22.9 % (282,539 )
Total $ 7,780,985 15.7 % $ 7,069,102 15.8 % $ 711,883

Gross margin for the nine months ended September 30, 2018 was approximately $7.7 million, or 15.5% of net revenue, as compared to approximately $7.1 million, or 15.8% of net revenue, for prior year. The gross margin was slighter lower due to a decrease in our mobile payments operations in our International Transaction Solutions segment that had typically higher margins than our North America Transaction Solutions segment.

Selling, general and administrative expenses for the nine months ended September 30, 2018, were approximately $7.3 million as compared to approximately $7.8 million for the prior year. The approximately $500,000 reduction in general and administrative expenses was primarily due to decreases in salaries and benefits ($395,676), professional fees ($222,873) and rent ($167,138) offset by increases in transaction (gains) losses ($103,726), business development ($84,478) and communications expenses ($107,545).

Selling, general and administrative variances increase / (decrease) for the nine months ended September 30, 2018, compared to the nine months ended September 30, 2017, were as follows:

Category North
American
Transaction
Solutions
International
Transaction
Solutions
Corporate
Expenses &
Eliminations
Total
Salaries, benefits, taxes and contractor payments $ (279,346 ) $ (133,755 ) $ 20,425 $ (392,676 )
Professional fees (112,975 ) (494,471 ) 384,573 (222,873 )
Rent (124,147 ) (42,991 ) (167,138 )
Business development 106,759 (25,092 ) 2,881 84,478
Travel expense (15,079 ) (12,269 ) (2,115 ) (29,463 )
Filing fees 2,562 2,562
Transaction (gains) losses (742 ) 106,110 (1,642 ) 103,726
Office expenses 75,422 (47,181 ) (67,764 ) (29,523 )
Communications expenses 52,638 29,998 24,909 107,545
Insurance expense (5,402 ) (3,396 ) (8,798 )
Other expenses (2,059 ) 2,619 66,317 66,877
Total $ (175,382 ) $ (703,590 ) $ 383,689 $ (495,283 )

Salaries, benefits, taxes and contractor payments were approximately $3.9 million for the nine months ended September 30, 2018 as compared to approximately $4.3 for the prior year.  The decrease in salaries and benefits of approximately $0.4 million was primarily the result of the Company’s continued monitoring of labor costs in relation to processing revenues and also our mobile payment operations being combined with PayOnline.

Professional fees were approximately $1.8 million for the nine months ended September 30, 2018 as compared to approximately $2 million for the prior year. The decrease was primarily the result of combining the mobile payment operations into PayOnline, which was offset by an increase in general legal fees in connection with certain litigation matters.

The decrease in rent for the nine months ending September 30, 2018 was the result of the office space lease for our mobile payment operations in Russia not being renewed as these operations were combined into PayOnline.

Communications expenses for the nine months ended September 30, 2018 increased by approximately $0.1 million, which was primarily due to due web-hosting and internet charges.

Reconciliation of Non-GAAP Financial Measures and Regulation G Disclosure

To supplement its consolidated financial statements presented in accordance with United States generally accepted accounting principles (“GAAP”), the Company provides additional measures of its operating results by disclosing its adjusted net loss attributable to Net Element, Inc. stockholders. Adjusted net loss attributable to Net Element stockholders is calculated as net loss attributable to Net Element stockholders excluding non-cash share-based compensation. Net Element discloses this amount on an aggregate and per share basis. These measures meet the definition of non-GAAP financial measures. The Company believes that application of these non-GAAP financial measures is appropriate to enhance the understanding by the Company’s investors of its historical performance through use of a metric that seeks to normalize period-to-period earnings.

This press release contains non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission. Pursuant to Regulation G, a reconciliation of these non-GAAP financial measures with the comparable financial measures calculated in accordance with GAAP for the three months ended September 30, 2018, and 2017 is presented in the following Non-GAAP Financial Measures Table.

  GAAP   Share-based
Compensation
  Adjusted Non-
GAAP
Three Months Ended September 30, 2018
Net (loss) income attributable to Net Element Inc stockholders $ (910,414 ) $ 22,500 $ (887,914 )
Basic and diluted earnings per share $ (0.23 ) $ 0.01 $ (0.22 )
Basic and diluted shares used in computing earnings per share 3,901,218 3,901,218

 

  GAAP   Share-based
Compensation
  Adjusted Non-
GAAP
Three Months Ended September 30, 2017
Net (loss) income attributable to Net Element Inc stockholders $ (1,702,536 ) $ 128,537 $ (1,573,999 )
Basic and diluted earnings per share $ (0.90 ) $ 0.07 $ (0.82 )
Basic and diluted shares used in computing earnings per share 1,891,023 1,891,023

 

  GAAP   Share-based
Compensation
  Adjusted Non-
GAAP
Nine Months Ended September 30, 2018
Net (loss) income attributable to Net Element Inc stockholders $ (3,424,989 ) $ 127,011 $ (3,297,978 )
Basic and diluted earnings per share $ (0.88 ) $ 0.03 $ (0.84 )
Basic and diluted shares used in computing earnings per share 3,870,134 3,870,134

 

  GAAP   Share-based
Compensation
  Adjusted Non-
GAAP
Nine Months Ended September 30, 2017
Net (loss) income attributable to Net Element Inc stockholders $ (5,830,373 ) $ 724,941 $ (5,105,432 )
Basic and diluted earnings per share $ (3.29 ) $ 0.41 $ (2.88 )
Basic and diluted shares used in computing earnings per share 1,770,947 1,770,947

Additional information regarding Net Element’s results for its three months ended September 30, 2018, may be found in Net Element’s quarterly report on Form 10-Q, which was filed with the Security and Exchange Commission (SEC) on November 14, 2018, and may be obtained from the SEC’s Internet website at http://www.sec.gov.

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™ and 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 will be successful in achieving further growth and financial improvement. 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.

NET ELEMENT, INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
September 30,
2018
    December 31,
2017
 
ASSETS
Current assets:
Cash $ 2,563,104 $ 11,285,669
Accounts receivable, net 4,970,697 5,472,856
Prepaid expenses and other assets 1,679,092 2,282,614
Total current assets, net 9,212,893 19,041,139
Equipment, net 34,267 58,268
Intangible assets, net 5,354,237 3,127,760
Goodwill 9,643,752 9,643,752
Other long term assets 603,110 460,511
Total assets 24,848,259 32,331,430
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable 5,407,971 6,785,459
Accrued expenses 2,247,101 3,674,430
Deferred revenue 1,173,802 1,712,591
Notes payable (current portion) 484,490 2,493,973
Due to related parties 441,606 461,992
Total current liabilities 9,754,970 14,666,453
Notes payable (net of current portion) 5,072,396 4,521,449
Total liabilities 14,827,366 19,187,902
STOCKHOLDERS’ EQUITY
Series A convertible preferred stock ($.0001 par value, 1,000,000 shares authorized, no shares issued and outstanding at September 30, 2018 and December 31, 2017)
Common stock ($.0001 par value, 100,000,000 shares authorized and 3,858,813 and 3,853,100 shares issued and outstanding at September 30, 2018 and December 31, 2017 385 385
Paid in capital 183,223,732 183,119,222
Accumulated other comprehensive loss (2,315,394 ) (2,530,238 )
Accumulated deficit (170,781,062 ) (167,356,070 )
Stock subscriptions receivable (50,585 )
Noncontrolling interest (106,768 ) (39,186 )
Total stockholders’ equity 10,020,893 13,143,528
Total liabilities and stockholders’ equity $ 24,848,259 $ 32,331,430

 

NET ELEMENT, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED)
Three Months Ended
September 30
Nine Months Ended
September 30
2018 2017 2018 2017
Net revenues
Service fees $ 17,242,758 $ 14,901,131 $ 49,689,870 $ 43,263,217
Branded content 1,340,896
Total Revenues 17,242,758 14,901,131 49,689,870 44,604,113
Costs and expenses:
Cost of service fees 14,559,808 12,756,627 41,992,150 36,232,170
Cost of branded content 1,302,841
Selling, general and administrative 2,346,809 2,357,729 7,292,785 7,788,068
Non-cash compensation 22,500 111,277 127,011 836,218
Bad debt expense 611,897 319,690 1,611,068 1,465,311
Depreciation and amortization 463,384 630,020 1,829,447 1,860,401
Total costs and operating expenses 18,004,398 16,175,343 52,852,461 49,485,009
Loss from operations (761,640 ) (1,274,212 ) (3,162,591 ) (4,880,896 )
Interest expense, net (215,935 ) (302,813 ) (694,910 ) (894,553 )
Other income (expense) 41,507 (92,904 ) 364,930 (148,099 )
Net (loss) income before income taxes (936,068 ) (1,669,929 ) (3,492,571 ) (5,923,548 )
Income taxes
Net loss (936,068 ) (1,669,929 ) (3,492,571 ) (5,923,548 )
Net (income) loss attributable to the non-controlling interest 25,654 (32,607 ) 67,582 93,175
Net loss attributable to Net Element, Inc. stockholders (910,414 ) (1,702,536 ) (3,424,989 ) (5,830,373 )
Foreign currency translation 145,867 92,191 214,845 (41,809 )
Comprehensive loss attributable to common stockholders $ (764,547 ) $ (1,610,345 ) $ (3,210,144 ) $ (5,872,182 )
Loss per share – basic and diluted $ (0.23 ) $ (0.90 ) $ (0.88 ) $ (3.29 )
Weighted average number of common shares outstanding – basic and diluted 3,901,218 1,891,023 3,870,134 1,770,947

 

NET ELEMENT, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
Nine Months Ended
September 30,
2018 2017
Cash flows from operating activities
Net loss attributable to Net Element, Inc. stockholders $ (3,424,989 ) $ (5,830,373 )
Adjustments to reconcile net loss to net cash used in operating activities
Non-controlling interest (67,582 ) (93,175 )
Share based compensation 127,011 836,218
Deferred revenue (536,041 ) (159,228 )
Depreciation and amortization 1,829,447 1,860,401
Non cash interest 49,000 98,774
Changes in assets and liabilities
Accounts receivable 379,601 3,421,265
Prepaid expenses and other assets 457,806 (352,551 )
Accounts payable and accrued expenses (2,087,416 ) (2,390,495 )
Net cash used in operating activities (3,273,163 ) (2,609,164 )
Cash flows from investing activities
Purchase of portfolios and client acquisition costs (3,851,596 ) (1,380,661 )
Purchase of equipment and changes in other assets (115,041 ) 77,430
Net cash used in investing activities (3,966,637 ) (1,303,231 )
Cash flows from financing activities
Proceeds from sale of common stock 1,150,098
Proceeds from indebtedness 3,239,033
Repayment of indebtedness (1,458,536 ) (273,360 )
Related party advances (39,265 ) 77,587
Net cash (used in) provided by financing activities (1,497,801 ) 4,193,358
Effect of exchange rate changes on cash 15,036 19,504
Net (decrease) increase in cash (8,722,565 ) 300,467
Cash at beginning of period 11,285,669 621,635
Cash at end of period $ 2,563,104 $ 922,102
Supplemental disclosure of cash flow information
Cash paid during the period for:
Interest $ 645,910 $ 795,779
Taxes $ 44,932 $ 86,942

Contact:
Net Element, Inc.
+1 (786) 923-0502
www.netelement.com
Media@NetElement.com

Corporate Communications Contact:
NetworkNewsWire (NNW)
New York, New York
+1 (212) 418-1217
www.NetworkNewsWire.com
Editor@NetworkNewsWire.com

Wednesday, November 14th, 2018 Uncategorized Comments Off on $NETE Reports Third Quarter 2018 Financial Results and Provides Business Update

$YGYI Announces Third Quarter 2018 Results

Shareholder Conference Call Today at 1:00 PM EST, 10:00AM PST

SAN DIEGO, Nov. 13, 2018 — Youngevity International, Inc. (NASDAQ: YGYI), a leading omni-direct lifestyle company, today reported financial results for the third quarter and nine months ended September 30, 2018.

Steve Wallach, CEO and Co-Founder of Youngevity stated, “The third quarter’s revenue was negatively impacted by supply chain challenges experienced predominantly in our international markets and a policy change implemented by our finance company within the coffee segment, however, despite these challenges, our year to date numbers continue to improve over last year in key financial metrics including Revenue, Operating Income and Adjusted EBITDA.”

Youngevity President and CFO, Dave Briskie stated, “We are not satisfied with our sliding revenue for the third quarter, however we are pleased to see our margins as a percentage of revenue showing significant progress this quarter.  We have been eliminating promotions that drive top line revenue at the expense of profits and we are seeing a positive trend toward our stated goal of improving operating profits and Adjusted EBITDA in 2018.  We intend to focus the balance of this year on improving our balance sheet, driving international growth, and positioning the coffee segment to execute its significant green coffee contract that we anticipate will greatly impact the performance of the coffee segment in 2019.”

THIRD QUARTER 2018 FINANCIAL RESULTS

For the three months ended September 30, 2018, our revenues decreased 12.0% to $39,082,000 as compared to $44,395,000 for the three months ended September 30, 2017. We derived approximately 88% of our revenue from our direct selling sales and approximately 12% of our revenue from our commercial coffee sales. Direct selling revenues decreased by $3,674,000 or 9.7% to $34,280,000 as compared to $37,954,000 for the same period last year. We attribute this decrease primarily to a general weakness in North America direct selling business and supply chain challenges that predominantly negatively impacted revenues in the international markets. In addition, the Company changed its promotion strategy whereby it has significantly reduced promotions that impacted top line revenues through discounting while maintaining commission levels. The promotion in the current quarter targeted products with higher gross margins and utilized incentives that had less costly impact on profitability. For the three months ended September 30, 2018, commercial coffee segment revenues decreased by $1,639,000 or 25.4% to $4,802,000 as compared to $6,441,000 for the three months ended September 30, 2017. This decrease was primarily attributed to a decrease of $2,458,000 in green coffee sales, offset by an increase of $819,000 in roasted coffee sales. The decrease in green coffee sales was primarily due to our domestic finance company no longer willing to fund the green coffee business, which caused a temporary disruption in sales.

For the three months ended September 30, 2018, gross profit decreased approximately 8.0% to $23,712,000 as compared to $25,764,000 for the three months ended September 30, 2017. Overall gross profit as a percentage of revenues increased to 60.7%, compared to 58.0% in the same period last year. Gross profit as a percentage of revenues in the direct selling segment increased to 68.9% for the three months ended September 30, 2018, compared to 67.1% in 2017, primarily due to the price increases on certain products that went into effect on January 1, 2018 and changes to our product sales mix and no commensurate increase in related expenses.

For the three months ended September 30, 2018, our operating expenses decreased 8.9% to $25,118,000 as compared to $27,581,000 for the three months ended September 30, 2017.

Distributor compensation expense decreased 13.3% to $15,076,000 from $17,391,000 for the same period last year. This decrease was primarily due to the lower revenues discussed above. Distributor compensation as a percentage of direct selling revenues decreased to 44.0% for the three months ended September 30, 2018 as compared to 45.8% for the same period last year. This was primarily attributable to the price increases reflected in revenues, which did not impact commissionable base revenues.

Sales and marketing expense decreased 2.7% to $3,962,000 from $4,074,000 for the same period last year. In the direct selling segment, sales and marketing costs decreased by 3.6% to $3,747,000 in the current quarter from $3,887,000 for the same period last year. This was primarily due to lower compensation costs and lower convention costs in the current quarter compared to the same quarter last year.

General and administrative expense decreased 36.6% to $3,880,000 from $6,116,000 for the same period last year primarily due to the contingent liability revaluation which resulted in a benefit of $2,618,000 for the three months ended September 30, 2018 compared to a benefit of $340,000 for the same period last year. This benefit included a $2,200,000 adjustment to our contingent liability related to one of our acquisitions due to a substantial decrease in projected revenues. General and administrative expense also decreased due to lower legal expense and compensation expense, offset by increases in depreciation and amortization expense and investor relations expense.

We recorded a $2,200,000 loss on impairment of intangible assets for the three months ended September 30, 2018, related to the same acquisition for which the Company had a significant revaluation of the contingent liability discussed above.

Operating loss decreased to a loss of $1,406,000 compared to a loss of $1,817,000 for the same period last year.

Total other expense increased by $6,404,000 to $6,945,000 as compared to $541,000 for the same period last year. Net interest expense decreased by $345,000 to $1,407,000 compared to $1,752,000 for the same period last year. Change in fair value of derivative liabilities increased by $7,057,000 for the three months ended September 30, 2018 to a $5,538,000 expense compared to a benefit of $1,519,000 for the same period last year. Various factors are considered in the pricing models we use to value the warrants including our current stock price, the remaining life of the warrants, the volatility of our stock price, and the risk-free interest rate. The increase in the change in fair value of the warrant derivative was primarily due to the increase in the Company’s stock price.

We reported a net loss of $8,410,000 as compared to net loss of $1,068,000 for the same period last year. The increase in net loss was a result of the increases in other expense discussed above and the decrease in gross profit, offset by a decrease in operating expense. In addition, we recorded an income tax expense of $59,000 in the current quarter compared to an income tax benefit of $1,290,000 for the same period last year.

Adjusted EBITDA

EBITDA (earnings before interest, income taxes, depreciation and amortization) as adjusted to remove the effect of stock based compensation expense, the non-cash loss on impairment of intangible assets, the non-cash loss on extinguishment of debt and the change in the fair value of the warrant derivative or “Adjusted EBITDA,” increased to $2,670,000 for the three months ended September 30, 2018 compared to a negative $359,000 for the three months ended September 30, 2017. A reconciliation of Adjusted EBITDA to net loss is set forth below.

Fiscal 2018 First Nine Months Results

For the nine months ended September 30, 2018, our revenues increased 1.3% to $126,331,000 as compared to $124,655,000 for the same period last year. We derived approximately 84% of our revenue from our direct selling sales and approximately 16% of our revenue from our commercial coffee sales. For the nine months ended September 30, 2018, direct selling segment revenues decreased by $297,000 or 0.3% to $106,437,000 as compared to $106,734,000 for the same period last year. Commercial coffee segment revenues increased by $1,973,000 or 11.0% to $19,894,000 for the nine months ended September 30, 2018, as compared to $17,921,000 for the same period last year. This increase was primarily attributed to increased revenues from our roasted coffee business and green coffee business.

Gross profit increased approximately 3.3% to $74,106,000 for the nine months ended September 30, 2018 as compared to $71,732,000 for the same period last year. Overall gross profit as a percentage of revenues increased to 58.7%, compared to 57.5% in the same period last year. This increase was primarily due to the price increases in the direct selling segment on certain products that went into effect on January 1, 2018 and changes to our product sales mix and no commensurate increase in related expenses.

For the nine months ended September 30, 2018, our operating expenses decreased 2.3% to $74,835,000 as compared to $76,625,000 for the same period last year. Distributor compensation decreased 4.8% to $47,141,000 from $49,496,000 for the same period last year. Distributor compensation as a percentage of direct selling revenues decreased to 44.3% for the nine months ended September 30, 2018 as compared to 46.4% for the same period last year. This decrease was primarily attributable to the price increases reflected in revenues, which did not impact commissionable base revenues. Sales and marketing expense decreased by $113,000 to $10,537,000 from $10,650,000 for the same period last year. General and administrative expense decreased 9.2% to $14,957,000 from $16,479,000 for the same period last year primarily due to a benefit of $4,076,000 from the contingent liability revaluation for the nine months ended September 30, 2018 compared to a benefit of $1,020,000 for the same period last year. The revaluation in the current year included a $2,200,000 adjustment to our contingent liability in the current quarter related to one of our acquisitions due to a substantial decrease in projected revenues and a $1,246,000 benefit in the second quarter of the current year as a result of eliminating the contingent liability related to an acquisition due to breach of the asset purchase agreement by the seller. Legal expense, IT related costs and workers compensation expense also decreased for the nine months ended September 30, 2018. These decreases in general and administrative expense were offset by increases in depreciation and amortization costs, investor relations, stock-based compensation, accounting costs and increases in costs related to operations in Russia, Mexico, Taiwan, Colombia and New Zealand.

Operating loss decreased by $4,164,000 to an operating loss of $729,000 for the nine months ended September 30, 2018 as compared to an operating loss of $4,893,000 for the same period last year.

Total other expense increased by $6,657,000 to $10,384,000 as compared to $3,727,000 for the same period last year. Net interest expense increased by $461,000 to $4,668,000 compared to $4,207,000 for the same period last year. Change in fair value of derivative liabilities increased by $5,422,000 to $4,634,000 expense compared to a benefit of $788,000 for the same period last year. Various factors are considered in the pricing models we use to value the warrants including our current stock price, the remaining life of the warrants, the volatility of our stock price, and the risk-free interest rate. The increase in the change in fair value of the warrant derivative was primarily due to the increase in the Company’s stock price. We recorded a non-cash extinguishment loss on debt of $1,082,000 for the nine months ended September 30, 2018 as a result of the triggering of the automatic conversion of the 2017 Notes associated with our July 2017 Private Placement to common stock.

We reported a net loss of $11,332,000 for the nine months ended September 30, 2018, as compared to a net loss of $5,857,000 for the same period last year, as a result of the increase in other expense discussed above, offset by increases in gross profit and decreases in operating expense. In addition, we recorded an income tax expense of $219,000 for the nine months ended September 30, 2018 as compared to an income tax benefit of $2,763,000 for the same period last year.

Adjusted EBITDA

EBITDA (earnings before interest, income taxes, depreciation and amortization) as adjusted to remove the effect of stock based compensation expense, the loss on impairment of intangible assets, the non-cash loss on extinguishment of debt and the change in the fair value of the warrant derivative or “Adjusted EBITDA,” increased to $6,393,000 for the nine months ended September 30, 2018 compared to a negative $851,000 for the same period last year. A reconciliation of Adjusted EBITDA to net loss is set forth below.

Conference Call Information

Management will host a conference call today at 1:00 PM Eastern Standard Time (10:00 AM Pacific Standard Time), to discuss the Company’s third quarter financial results, for the quarter ended September 30, 2018. All interested parties can attend the event by clicking https://InstantTeleseminar.com/Events/111640440 fifteen minutes prior to the start of the call, or  by dialing 206 402 0100 and entering the access code 634174# at least five minutes prior to the start of the call. International and alternative numbers are available at https://InstantTeleseminar.com/Local/?eventid=111640440

The conference call will be recorded and available for replay shortly after the conclusion of the call. An archived replay of the call will be available for approximately 3 months on the Company’s newly launched Investor Relations website: https://ygyi.com/

Non-GAAP Financial Measure – Adjusted EBITDA

This news release includes information on Adjusted EBITDA, which is a non-GAAP financial measure as defined by SEC Regulation G.

Management believes that Adjusted EBITDA, when viewed with our results under GAAP and the accompanying reconciliations, provides useful information about our period-over-period growth. Adjusted EBITDA is presented because management believes it provides additional information with respect to the performance of our fundamental business activities and is also frequently used by securities analysts, investors and other interested parties in the evaluation of comparable companies. We also rely on Adjusted EBITDA as a primary measure to review and assess the operating performance of our Company and our management team.

Adjusted EBITDA is a non-GAAP financial measure. We calculate adjusted EBITDA by taking net income, and adding back the expenses related to interest, income taxes, depreciation, amortization, stock based compensation expense, loss on impairment of intangible assets, the non-cash loss on extinguishment of debt and the change in the fair value of the warrant derivative, as each of those elements are calculated in accordance with GAAP. Adjusted EBITDA should not be construed as a substitute for net income (loss) (as determined in accordance with GAAP) for the purpose of analyzing our operating performance or financial position, as Adjusted EBITDA is not defined by GAAP. A reconciliation of Adjusted EBITDA to net loss is provided in the tables at the end of this press release.

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 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 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). 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 such as seeing a positive trend toward our stated goal of improving operating profits and Adjusted EBITDA in 2018, focusing the balance of this year on improving our balance sheet, driving international growth, and executing the significant green coffee contract to greatly impact the performance of the coffee segment in 2019. 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, our ability to improve operating profits and Adjusted EBITDA in 2018, our ability to improve our balance sheet, drive international growth, and position the coffee segment to execute its significant green coffee contract greatly impacting the performance of the coffee segment in 2019, our ability to continue our coffee segment 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 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.

Table Follows

Youngevity International, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
(In thousands)
(Unaudited)
Three Months Ended September 30, Nine Months Ended September 30,
2018 2017 2018 2017
Revenues $     39,082 $     44,395 $   126,331 $   124,655
Cost of revenues 15,370 18,631 52,225 52,923
  Gross profit 23,712 25,764 74,106 71,732
Operating expenses
  Distributor compensation 15,076 17,391 47,141 49,496
  Sales and marketing 3,962 4,074 10,537 10,650
  General and administrative 3,880 6,116 14,957 16,479
  Loss on impairment of intangible assets 2,200 2,200
Total operating expenses 25,118 27,581 74,835 76,625
Operating loss (1,406) (1,817) (729) (4,893)
Change in fair value of warrant derivative liability (5,538) 1,519 (4,634) 788
Interest expense, net (1,407) (1,752) (4,668) (4,207)
Extinguishment loss on debt (308) (1,082) (308)
  Total other expense (6,945) (541) (10,384) (3,727)
Loss before income taxes (8,351) (2,358) (11,113) (8,620)
Income tax provision (benefit) 59 (1,290) 219 (2,763)
Net loss (8,410) (1,068) (11,332) (5,857)
Preferred stock dividends (92) (3) (137) (9)
Accretion of discount from beneficial conversion feature on preferred stock (1,386) (1,386)
Net loss attributable to common stockholders $     (9,888) $     (1,071) $   (12,855) $     (5,866)
Net loss per share, basic and diluted $       (0.46) $       (0.05) $       (0.61) $       (0.30)
Weighted average shares outstanding, basic & diluted 21,686,085 19,678,577 20,986,151 19,655,312
Reconciliation of Non-GAAP Measure
Adjusted EBITDA to Net (Loss) Income
 (In thousands – unaudited)
Three Months Ended September 30, Nine Months Ended September 30,
2018 2017 2018 2017
Net loss $     (8,410) $     (1,068) $   (11,332) $     (5,857)
Add:
  Interest, net 1,407 1,752 4,668 4,207
  Income taxes (benefit) provision 59 (1,290) 219 (2,763)
  Depreciation 463 419 1,365 1,183
  Amortization 724 712 2,416 2,047
EBITDA (5,757) 525 (2,664) (1,183)
Add:
  Stock based compensation – stock awards and warrant issuance 470 327 922 812
  Stock awards for advisory services 219 219
  Loss on impairment of intangible assets 2,200 2,200
  Loss on extinguishment of debt 308 1,082 308
  Change in the fair value of warrant derivative 5,538 (1,519) 4,634 (788)
Adjusted EBITDA $       2,670 $        (359) $       6,393 $        (851)

 

Contacts:

Youngevity International, Inc.
Dave Briskie
President and Chief Financial Officer
1 800 982 3189 X6500

Investor Relations
YGYI investor relations
800.504.8650
investors@ygyi.com

Media Relations
Trendlogic PR
800.992.6299
contact@trendlogicpr.com

 

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$TGODF Reports Q3 Results

TORONTO, Nov. 13, 2018  – The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD“) (TSX: TGOD) (US:TGODF) reported its financial and operational results for the third quarter of fiscal 2018, ended September 30th, 2018. These filings are available for review on the Company’s SEDAR profile at www.sedar.com

Q3 Highlights:

The Company:

  • Continues to make significant progress on the construction of its facilities in Hamilton, Ontario and Valleyfield, Quebec, having deployed a total of $33 million in capital expenditures in the third quarter of 2018. TGOD is on schedule to launch commercial production in both facilities during the first half of 2019.
  • Is optimizing commercial cultivation at its existing facility in Hamilton, developing five new strains for placement into the medical and recreational markets to ensure it’s in position to provide patients and consumers with consistent, reliable, premium product. The most recent commercial crop harvested will be allocated to TGOD’s select “Grower’s Circle” in January 2019. The Growers Circle will provide early investors and patients who rely on medical cannabis access to the Company’s first commercial crop. It is limited to 200 patients and designed to support those who supported TGOD and those who are most in need of medical cannabis therapy.
  • Is confident in a successful resolution of the appeal filed with the LPAT (“Local Planning Appeals Tribunal”) in Hamilton regarding a zoning amendment required to produce cannabis in its new 123,000sq ft hybrid facility. TGOD has approval from the City’s Agricultural and Rural Affairs Committee, the Planning Committee, the Ontario Federation of Agriculture and the support of the majority of local residents recently polled. Management is confident in a successful resolution in Q1 2019. TGOD’s existing two facilities on the Hamilton site (total 27,000sq ft), are already zoned to produce medical cannabis.
  • Invested in Jamaica, through Epican Medicinals, with current retail sales in its Kingston store and planned expansion into four additional retail stores and expanded production capacity to 14,000 kgs.
  • Expanded its international footprint with the HemPoland acquisition that closed October 1. HemPoland has established production and sales of CBD oil and other industrial hemp products across Europe, providing immediate revenue for TGOD.
  • Expects to have 170,000 kgs of annual cannabis capacity across Canada and Jamaica when construction is completed, as well as scalable hemp capacity in Poland. Utilizing state of the art facilities, the lowest power rates in Canada and premium pricing for organics, TGOD expects to have industry leading margins once achieving scale in late 2019.
  • Has developed both THC and CBD beverage formulations with consumer pleasing taste profiles. TGOD expects to be ready before legalization occurs for beverages with a number of beverage products in varying flavours and formulations.
  • Entered into a joint venture with one of largest pharmaceutical distributors in Mexico, ready to position TGOD products across 7,600 potential points of sale and take advantage of the new regulatory rulings in Mexico in support of medical and recreational cannabis use.
  • Continues to negotiate supply and distribution agreements across Canada to meet the strong provincial demand for our organic product. TGOD is establishing national sales capabilities for medical and recreational markets in 2019.
  • Expanding its operations, administration and marketing infrastructure to rapidly scale its business as noted above, resulting in a loss for the three and nine months ended September 30, 2018 of $11.3 million and $27.1 million respectively, which is in line with budgeted expectations. With the accelerated exercise of 16.45 million warrants at an average of $2.91 per warrant, and the completion of the $76.2 million bought deal offering post quarter end (includes 1.6 million underwriter warrants that were exercised), the Company currently has cash of over $300 million on hand to execute its plans.

Please view our latest construction videos below:

Hamilton construction progress video
Valleyfield construction progress video

“TGOD is on track to becoming the largest organic cannabis brand in the world as we continue to aggressively expand our global footprint, including Jamaica, Europe and Latin America, establishing leadership in organic cannabis.” said Brian Athaide, CEO of TGOD. “We are excited with the quality and yield of our first commercial crop and are seeing our substantial investments in research and development leading to high quality product with industry leading margins.  We are on schedule to scale up our new facilities to bring annual capacity of 170,000 organic kgs online.  With international sales in Q4 2018, anticipated supply and distribution agreements, domestic sales commencing in Q1 2019, and additional global M&A opportunities, we expect a number of significant catalysts for our Company in the near term”, continued Athaide.

“TGOD has secured its financial future by raising over $450 million, fully funding our current domestic and international plans, and we have no plans to return to the market for additional capital at this time.” said Sean Bovingdon, Chief Financial Officer. “We have de-risked the capital side of our business and with our focus now on delivering medical and recreational sales in Canada and internationally. We expect to drive significant value for shareholders in 2019 and beyond.”

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, the Caribbean 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 kgs and is building 1,382,000 sq. ft. of cultivation facilities across Ontario, Quebec and Jamaica.

The Company, through its wholly-owned operating subsidiary The Green Organic Dutchman Ltd., holds a license (the “License”) issued by Health Canada pursuant to the Access to Cannabis for Medical Purposes Regulations (the “ACMPR”) which allows the Company to produce and conduct research at its 100 acre property near Hamilton, Ontario (the “Hamilton Facility”) dried marijuana, marijuana plants and fresh marijuana, and to sell such cannabis products within Canada to licensed producers or licensed dealers qualified under Section 22(2) of the ACMPR. The License was amended on April 20, 2018 to include the production and sale of cannabis oil and on October 12, 2018 to include sales to medical clients.

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 recreational cannabis internationally, statements about the outcomes of zoning appeals in Hamilton, statements about future research, development and innovation by the Company, statements about production capacity, statements about costs and margins, statements about the offering, sales and pricing of any particular products by the Company in any jurisdiction, statements about raising capital, and statements regarding the future performance and shareholder value 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, November 13th, 2018 Uncategorized Comments Off on $TGODF Reports Q3 Results

$NUGS FITAMINS Signs MMA Fighter and UFC Pioneer Arthur ‘One Glove’ Jimmerson

LOS ANGELES, Nov. 13, 2018 — via NetworkWire – FITAMINS, a wholly owned subsidiary of Cannabis Strategic Ventures, Inc. (OTC: NUGS), announced today that Art ‘One Glove’ Jimmerson, former professional boxer and Mixed Martial Arts fighter, Ultimate Fighting Championship Pioneer and coach, has partnered as a brand Ambassador for FITAMINS. FITAMINS is a proprietary health and wellness formula containing 25 mg of hemp-derived THC-free Cannabidiol (CBD) and other joint supporting vitamins that work to improve health and relieve joint and muscle pain, encouraging movement and flexibility.

“Having a UFC pioneer like Art ‘One Glove’ Jimmerson join the FITAMINS family highlights a growing trend among athletes who are discovering the natural benefits of hemp derived CBD products,” said Simon Yu, CEO, Cannabis Strategic Ventures. “More and more athletes who participate in one of the many sports regulated by the World Anti-Doping Agency (WADA) and other professional leagues worldwide are now incorporating hemp derived CBD into their training regimen without concerns for doping.”

Jimmerson, who compiled a 51-18 record over a nearly twenty-year career spanning from 1985-2002, kicked-off the FITAMINS partnership this weekend at the UFC 25th Anniversary Fight Night in Denver, Colorado, an event viewed by millions of fans. As an amateur, Jimmerson was the 1983 National Golden Gloves Middleweight champion. It was during his MMA fight at UFC 1, where he faced Royce Gracie in Gracie’s debut fight in the 16-man, “no rules” single-elimination tournament where Jimmerson entered the cage sporting only one boxing glove, earning him the nickname ‘One Glove.’

Jimmerson commented: “As a professional fighter and now trainer to the next generation of fighters, I coach my best when my mind and body are in top shape. FITAMINS products can help new athletes and retired athletes like me keep our bodies in the best shape possible.”

The Hemp Business Journal predicts that the CBD market will grow by 700 percent by 2020, contributing to a growing $3.72 trillion wellness industry.

To learn more about FITAMINS visit www.FITAMINS.CO.

FITAMINS and Cannabis Strategic Ventures declare no affiliation, sponsorship, nor any partnerships with any registered trademarks associated with Ultimate Fighting Championship and its brands.

About Cannabis Strategic Ventures
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 publically traded on the U.S. Over the Counter Market with the stock symbol NUGS.

FORWARD-LOOKING STATEMENTS: This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management’s current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “would,” “could,” “will” and other words of similar meaning in connection with a discussion of future operating or financial performance.

Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.

Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company’s actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.

Contact:
Arlene Guzman
Phone:+1-310-359-6860
Email: ir@cannabisstrategic.com
Website: http://www.cannabisstrategic.com

Corporate Communications Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Tuesday, November 13th, 2018 Uncategorized Comments Off on $NUGS FITAMINS Signs MMA Fighter and UFC Pioneer Arthur ‘One Glove’ Jimmerson

$NUGL Expands Media Portfolio with Acquisition of Two Cannabis and Growing Publications

NUGL Inc. (OTC: NUGL), the cannabis industry’s new standard of technology, this morning announced its finalization of an all-stock agreement to acquire Nichols Publishing. The move expands NUGL’s media footprint by adding “Professional Marijuana Grower” and “Garden and Greenhouse” media properties to its portfolio. Under the terms of the acquisition, Nichols Publishing will become NUGL Media Group, with Founder Robin Nichols serving as president of the new entity, identifying media property opportunities and taking an active role in the launch of NUGL Magazine.

“We are elated to add these two popular media properties to the NUGL universe and to expand our ability to help cannabis brands reach their target markets,” NUGL CEO Brandon Vargas stated in the news release. “We are growing rapidly in both readers and influence and will look to monetize and leverage these respected publications to the benefit of NUGL and its shareholders. Having Robin Nichols in-house and alongside CMO Ryan Bartlette is a true catalyst to our own organic expansion.”

To view the full press release, visit: http://nnw.fm/2MAiM

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. NUGL 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

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About NetworkNewsWire

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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Tuesday, November 13th, 2018 Uncategorized Comments Off on $NUGL Expands Media Portfolio with Acquisition of Two Cannabis and Growing Publications

$NETE Grabbing Prime Opportunity to Expand Reach in Cannabis Market

NEW YORK, Nov. 13, 2018 (GLOBE NEWSWIRE) — via CannabisNewsWire — CannabisNewsWire, a cannabis-focused wire, news and content distribution syndicate, announces the Video Press Release (VPR) titled “Payment Solutions Among Innovations in the Fast-Growing Cannabis Industry,” featuring Net Element, Inc. (NASDAQ: NETE).

To view the CannabisNewsVideo version, visit: http://cnw.fm/i9y3B

To read the full editorial, visit: http://cnw.fm/8NlgM

While the majority of states now allow the legal sale of some form of cannabis or its derivatives within their boundaries, cannabis providers may still find it challenging to find payment options that allow mobile payments, offer value-added transactions, and are easy for both the business and the end user. Fortunately, companies such as Net Element are positioning themselves to provide exactly what this underserved industry is looking for.

These alternative solutions, including Net Element’s Aptito and Unified Payments systems, solve the problem by offering a compliant, seamlessly integrated payment solution that is simple to use. The systems rely on the latest digital technology, which allows retailers to accept payments outside of conventional routes while remaining user friendly for customers.

VPR is a brand-new product offered by CannabisNewsWire to present press releases in an exciting video format. Today’s VPR featuring Net Element represents the very first video release from CannabisNewsWire. For more information on CannabisNewsWire, visit https://www.CannabisNewsWire.com.

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., 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

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.

For more information please visit https://www.CannabisNewsWire.com

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.

CNW Corporate Communications Contact:

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.net

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$PFSF Opens Way for Latin America as China Opens World’s Longest Bridge

  • Vigorous Chinese effort to diversify trade away from reliance on U.S.
  • Ecommerce platform builds bridge between China and Latin America
  • Platform boasts multi-lingual B2B and B2C capabilities

The opening, on October 22, of the world’s longest bridge by Chinese President Xi Jinping marked a signal effort to improve trade between mainland China and the rest of the world. The bridge, which, together with link roads, spans 34 miles (55km), connects Hong Kong to Macau and the mainland Chinese city of Zhuhai. Its inauguration follows closely on the launch of another Chinese mega-project: a high-speed rail link between Hong Kong and Guangzhou.

The opening of the rail link in September 2018 was timely. The 124th Autumn Canton Fair kicked off the following month. Pacific Software, Inc. (OTC: PFSF) was there, building bridges and putting together links of…

Read more »

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About NetworkNewsWire

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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Monday, November 12th, 2018 Uncategorized Comments Off on $PFSF Opens Way for Latin America as China Opens World’s Longest Bridge

$NUGS Gearing Up to Grow More than 200,000 Square Feet of Product

  • Supply shortfalls bedevil California cannabis
  • NUGS on the lookout for grow facilities with existing infrastructure
  • Cultivation capability expected to complement retail and distribution divisions

The decision by enterprising California outfit Cannabis Strategic Ventures, Inc. (OTC: NUGS) to enter the cannabis cultivation space could not have come at a better time (http://nnw.fm/6Febu). Supply in California is struggling to satisfy demand, resulting in a shortage of compliant product statewide. Even though the supply bottleneck is not entirely unexpected given the size of California’s market, which is projected to cross the $5 billion mark by 2019, it has been aggravated by new, tighter regulations that, very likely, resulted in the recall and destruction of product already on the market. As a result, additions to supply like those being planned by NUGS will be welcomed by consumers, who have been beset not only by product shortages, but also by limited choice and high prices (http://nnw.fm/S64kN).

Cannabis Strategic Ventures has already embarked on pre-acquisition due diligence for prospective cultivation properties located in states that have legalized cannabis. The company has identified several cannabis grow facilities in California and has begun analyzing these for possible acquisition. It is targeting several locations with areas exceeding 200,000 square feet that have…

Read more »

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About NetworkNewsWire

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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Monday, November 12th, 2018 Uncategorized Comments Off on $NUGS Gearing Up to Grow More than 200,000 Square Feet of Product

$TMSR Provides Patented Solid Waste Recycling Method to the Mining Industry

TMSR Holding Company (NASDAQ: TMSR) is a developer and provider of advanced industrial and mining waste management solutions that offers various industries a way to transform waste into useful materials. A recent article discussing the company reads: “Through its patented technology, the company has developed processes to extract usable material from industrial waste, including aluminum slag, red mud manganese tailings, copper mine tailings and iron mine tailings. … Aluminum is the world’s second-most used metal after iron, and China is the world’s biggest producer of aluminum. However, its production poses several serious environmental challenges to the local communities settled around areas where aluminum is mined and refined.”

To view the full article, visit: http://nnw.fm/Fjf23

About TMSR Holding Company Limited

Founded in 2009, TMSR Holding Company Limited engages in the research, development, production and sale of an array of solid waste recycling systems for the mining and industrial sectors in the PRC. It provides end users in these markets with a clean alternative to traditional waste disposal by significantly reducing solid waste discharge into the environment and enabling such users to extract value from valuable metals and other industrial waste materials. For more information, visit the company’s website at www.TMSRHolding.com.

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About NetworkNewsWire

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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Friday, November 9th, 2018 Uncategorized Comments Off on $TMSR Provides Patented Solid Waste Recycling Method to the Mining Industry

$PBIO Achieves Major Milestone, Ultra Shear Technology Program

Company Completes Development of First Working Prototype of UST System and Initiates Program to Develop Proprietary Method to Make Water Soluble Oils for Use in Multiple Markets

SOUTH EASTON, MA /  November 9, 2018 / Pressure BioSciences, Inc. (OTCQB: PBIO) (“PBI” or the “Company”), a leader in the development and sale of broadly enabling, pressure-based instruments, consumables, and platform technology solutions to the worldwide life sciences industry, today announced that significant progress has been made in its development program for its proprietary Ultra Shear Technology (“UST”) platform.

UST utilizes ultra-high pressure to create intense, momentary liquid shearing forces at controlled temperatures resulting in a novel and continuous flow process for affordable and scalable homogenization of liquids, creams and gels. The UST platform creates very small (nano)-scale emulsion mixtures of fluids that otherwise do not mix, resulting in room-temperature stable homogenized products called nanoemulsions (suspensions of microscopic oil droplets in water). For many oil-based nutritional and therapeutic products, nanoemulsions can offer superior water solubility and increased bio-availability for improved absorption. Many medical (e.g., pharmaceutical), industrial (e.g., inks) and retail (e.g., cosmetics) products can benefit from their preparation and delivery as nanoemulsions. One of the most promising applications of water soluble nanoemulsions may be in the cannabinoid industry.

Dr. Bradford Young, Chief Commercial Officer of PBI, said: “Cannabinoids are naturally occurring compounds found in the cannabis plant. CBD, one of the most well-known, is believed to offer powerful health benefits, including anti-anxiety, anti-inflammatory, and anti-convulsant properties. CBD is extracted from cannabis in an oil. Since oils are not well absorbed by the body, when CBD Oil is ingested, it is believed that the majority of the CBD is flushed from the body, leaving little of the compound remaining to provide its beneficial properties.”

Dr. Young continued: “Since nanoemulsions are known to be well absorbed by the body, any method that could transform CBD Oil into a stable, water soluble nanoemulsion would help solve one of the most critical problems in the cannabis industry today – the CBD delivery system. Because we are a company of top scientists and engineers with decades of experience in the bio-pharma, food and nutraceutical areas, we decided to tackle this issue head-on. Our results to date have been very encouraging.”

“The CBD market is among the fastest growing consumer markets today; it is expected to grow to $2.1 billion by 2020,” said Dr. Nate Lawrence, Vice President of Marketing and Sales at PBI. “Expansion of this market will depend to a great extent on the ability to make high quality CBD beverages and edibles, which will require the development of a commercial-scale process for making water soluble CBD Oil. We believe we are uniquely-qualified to successfully develop long shelf-life, high quality, and water soluble nanoemulsions of CBD oil using the proprietary UST processing method we are currently developing.”

Mr. Richard T. Schumacher, President and CEO of PBI, commented: “We believe there are significant opportunities for UST-processed nanoemulsion products in addition to the rapidly growing CBD market. Examples include large scale premium dairy and other high volume food products, as well as cosmetics, industrial lubricants, nutraceuticals, and pharmaceuticals. These markets have billions of dollars in annual sales, and each could benefit from the availability of long shelf-life, high quality nanoemulsions, like those we believe can be made with PBI’s UST process currently in development.”

Mr. Schumacher concluded: “Yesterday we announced that Dr. Brad Young had joined the Company as Chief Commercial Officer. The timing of his arrival couldn’t be better. We are currently focused on developing collaborative projects with multiple companies and research organizations to address different product and market opportunities worldwide. These programs should lead to revenue generating products and services in the very near future. With the many opportunities now available to PBI, Dr. Young’s strong business and technical expertise should help us to significantly accelerate revenue growth. This is a very exciting time for all stakeholders in PBIO.”

About Pressure BioSciences, Inc.

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. Our 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). Our primary focus is in the development of high pressure-based products for biomarker and target discovery, drug design and development, biotherapeutics characterization and quality control, food science, soil & plant biology, forensics, and counter-bioterror applications. Additionally, PBIO is actively expanding the use of our pressure-based technologies in the following areas: (1) the use of our recently acquired PreEMT technology from BaroFold, Inc. to allow entry into the biologics manufacturing and contract research services sector, and (2) the use of our 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.

Forward Looking Statements

This press release contains forward-looking statements. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed, implied or inferred by these forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “could,” “would,” “expects,” “plans,” “intends,” “anticipates,” “believes,” estimates,” “predicts,” “projects,” “potential” or “continue” or the negative of such terms and other comparable terminology. These statements are only predictions based on our current expectations and projections about future events. You should not place undue reliance on these statements. In evaluating these statements, you should specifically consider various factors. Actual events or results may differ materially. These and other factors may cause our actual results to differ materially from any forward-looking statement. These risks, uncertainties, and other factors include, but are not limited to, the risks and uncertainties discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017, and other reports filed by the Company from time to time with the SEC. The Company undertakes no obligation to update any of the information included in this release, except as otherwise required by law.

For more information about PBI and this press release, please click on the following website link: http://www.pressurebiosciences.com

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Investor Contacts:

Richard T. Schumacher, President and CEO (508) 230-1828 (T)
Jeffrey N. Peterson, Chairman of the Board (650) 812-8121 (T)

Friday, November 9th, 2018 Uncategorized Comments Off on $PBIO Achieves Major Milestone, Ultra Shear Technology Program

$NUGS Diversifying Across Booming Market, CannabisNewsAudio Audio Press Release

NEW YORK, Nov. 09, 2018 — via CannabisNewsWire — CannabisNewsAudio announces the Audio Press Release (APR) titled “Investors Flock to Cannabis Market as Business Booms,” featuring Cannabis Strategic Ventures (OTC: NUGS).

To hear the CannabisNewsAudio version, visit: http://cnw.fm/6Rpdg

To read the full editorial, visit: http://cnw.fm/YSp6g

Now, however, the market has had time to mature. The sector isn’t just a handful of cultivators and retailers trying to work on an untested business model. There are specialist cannabis tech firms, research outfits and umbrella companies such as Cannabis Strategic Ventures. It’s looking more and more like a conventional market sector — though a market sector subject to staggering growth.

The same moment of maturity that has brought the recent wave of investment has also brought the seeds of change for the industry’s structure. Some companies are using mergers and takeovers to build bigger businesses focused on particular parts of the sector, benefiting from the efficiencies these acquisitions bring. Others are diversifying to create companies with greater reach across the sector and even potential to take it to new places. Cannabis Strategic Ventures, for example, is expanding its product lines to include beauty products even as it adds cultivation to its portfolio for greater vertical integration.

About Cannabis Strategic Ventures, Inc.

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.

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.

For more information please visit https://www.CannabisNewsWire.com

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.

CNW Corporate Communications Contact:

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.net

Friday, November 9th, 2018 Uncategorized Comments Off on $NUGS Diversifying Across Booming Market, CannabisNewsAudio Audio Press Release

$NUGL 420 with CNW – Why US Cannabis Companies Are Listing in Canada

Over the coming months and years, more and more U.S. cannabis companies are likely to move north in order to list on stock exchanges in Canada. Many short term and long-term interests are driving this move.

First, Canada recently legalized recreational cannabis years after medical cannabis was permitted in that country. This means that the uniform laws in Canada make that country more attractive (for now) than the U.S. where marijuana companies operating in legal states must constantly look over their shoulders in fear because the federal authorities can take action against them for violating federal laws.

Legitimate cannabis companies in the U.S. constantly feel hunted and moving to Canada can provide some reprieve from the legal issues back home.

The legal issues in the U.S. also make it nearly impossible for cannabis companies to access banking services. Companies conduct all their transactions using cash, and it is hard to find where to keep all that money.

The Canadian environment allows marijuana companies to access some measure of banking services although the bigger banks that have an international presence still keep cannabis businesses at arm’s length due to fears about possible complications in the U.S. and other countries where marijuana is illegal.

Another reason that is driving U.S. marijuana companies across the border to the north is the friendlier listing requirements in Canada when compared to the conditions in the U.S.

For example, only companies that are valued at more than $100 million in publicly held securities can apply to list on the New York Stock Exchange (NYSE). NASDAQ accepts companies whose pre-tax income has been at least $11 million for three years in a row.

Those strict conditions make it hard for marijuana companies to list as soon as they would want in order to access financing to grow and consolidate their positions in the market.

In contrast, the TSX exchange requires a company to have books of accounts that show that the company had at least $300,000 as their pre-tax income the year before they apply to list. Of course there are other conditions, but the income/company valuation differences show how friendlier the stock exchanges in Canada are.

Furthermore, the stock exchanges in the U.S., such as the NYSE, don’t have many purely cannabis businesses listed (partly because of federal laws). Biopharmaceutical companies like GW Pharmaceuticals are the ones one is likely to find on those exchanges. This limits the opportunities for serious market activity for the industry.

Canada has numerous cannabis businesses traded publicly. This provides a vibrant market for companies which want to benefit from the capital that can be got when companies are listed.

As you can see from the factors above, the exodus of U.S. cannabis companies into Canada is likely to continue until conditions back home improve and open that potentially bigger market. Net Element (NASDAQ: NETE), NUGL Inc. (OTC: NUGL) and other companies with interests in the marijuana sector can only hope that the U.S. market opens up sooner.

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About CannabisNewsWire

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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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

CannabisNewsWire (CNW)
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Friday, November 9th, 2018 Uncategorized Comments Off on $NUGL 420 with CNW – Why US Cannabis Companies Are Listing in Canada

$NETE Launches Comprehensive POS Solution, Aptito

Net Element (NASDAQ: NETE), a global technology and value-added solutions group, recently announced the launch of Aptito, its complete Point-of-Sale (“POS”) solution on PoyntSmart Payment Terminal. In accordance with the company’s collaboration with Poynt, the Aptito POS application will now come bundled in Poynt devices. The Aptito POS application on Poynt includes various features, including real-time reporting, offline mode, smart inventory management and a self-order kiosk, among many others. Additionally, Aptito’s comprehensive POS offering grants merchants access to Unified Payments’ Zero Pay cash discount program which assists merchants through lessening expenses and increasing sales. “We are excited to continue building our relationship with Poynt bringing merchants a clear competitive edge in the marketplace. In the coming months Aptito will be available on all variations of Poynt devices including the newest Poynt 5 line,” Vlad Sadovskiy, President of integrated payments for Net Element, stated in the news release.

To view the full press release, visit: http://nnw.fm/3mICv

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., 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

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About NetworkNewsWire

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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Friday, November 9th, 2018 Uncategorized Comments Off on $NETE Launches Comprehensive POS Solution, Aptito

$FRSX QuadSight™ Vision System Wins Prestigious 2019 CES Innovation Award

The quad-camera vision system provides autonomous vehicles near-100% obstacle detection under all weather and lighting conditions with near zero false alerts

Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), an innovator in automotive vision systems, today announced that its QuadSight™ vision system has been named a 2019 CES Innovation Award honoree in the Vehicle Intelligence and Self-Driving Technology category. Foresight’s quad-camera vision system was selected from a highly competitive pool of participating innovative CES products. Foresight will offer a live demonstration of the QuadSight™ vision system at CES 2019, held from January 8–11 at the Westgate Las Vegas, booth #2206.

Foresight’s flagship product QuadSight™ is a multi-spectral stereoscopic vision system that offers u ... Foresight’s flagship product QuadSight™ is a multi-spectral stereoscopic vision system that offers unparalleled obstacle detection capabilities under all weather and lighting conditions, for semi-autonomous and autonomous vehicles. (Photo: Business Wire)

Focused on the stringent demands of autonomous vehicle vision needs, QuadSight™ is designed to achieve near-100% obstacle detection with near-zero false alerts under all weather and lighting conditions, including complete darkness, snow, rain, fog, sandstorms and blinding glare. Leveraging decades of field-proven security technology and highly advanced image-processing algorithms, Foresight’s quad-camera technology combines two pairs of long-wave infrared (LWIR) and visible-light stereoscopic cameras to achieve an unprecedented performance standard for autonomous vehicle vision.

“Developing safe autonomous vehicles is one of the great technical challenges of our time, and it demands innovation in all aspects of design and implementation,” said Haim Siboni, CEO of Foresight. “We are honored that the CES Innovation Award judges have recognized the far-reaching innovation required for the QuadSight™ system to achieve vision perfection under all weather and lighting conditions.”

Essential for safety and reliability, stereoscopic vision technology brings exceptional three-dimensional (3D) images for outstanding detection and accuracy to semi-autonomous and autonomous vehicle vision systems. While visible-light camera systems utilize the same or sometimes less information compared to the human eye, LWIR imaging adds another layer of information based on emitted waves. By combining visible-light stereoscopic and thermal stereoscopic vision, QuadSight™ enables exceptional visual precision with 3D objects in real time, whether the objects are large or small, in motion or static, or detected from short or long distances.

At CES 2019, QuadSight™ will be demonstrated at Foresight’s booth #2206 at Westgate Las Vegas. Contact Foresight to schedule a demo. For a brief video of the QuadSight™ vision technology, click here. As a winner of the Innovation Award, QuadSight™ will also be on display at the CES Innovation Award Showcase in Tech West, The Venetian, Venetian Ballroom E/F.

The CES Innovation Awards is an annual competition that recognizes two levels of honorees across 28 product categories. A panel of judges, including designers, engineers and members of the tech media, reviews submissions based on design, functionality, consumer appeal, engineering and how the products compare with competition. CES 2019 will showcase more than 4,500 exhibiting companies, including manufacturers, developers and suppliers of consumer technology hardware, content, technology delivery systems and more.

For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, please visit www.foresightauto.com, follow @ForesightAuto on Twitter, or join Foresight Automotive on LinkedIn.

About Foresight

Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), founded in 2015, is a technology company engaged in the design, development and commercialization of stereo/quad-camera vision systems for the automotive industry based on 3D video analysis, advanced algorithms for image processing and sensor fusion. The company, through its wholly owned subsidiary Foresight Automotive Ltd., develops advanced systems for accident prevention, which are designed to provide real-time information about the vehicle’s surroundings while in motion. The systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. The company’s systems are targeting the Advanced Driver Assistance Systems (ADAS), semi-autonomous and autonomous vehicle markets. The company estimates that its systems will revolutionize automotive safety by providing an automotive grade, cost-effective platform, and advanced technology.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses the benefits of the QuadSight vision system. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release.

The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Foresight’s registration statement on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 27, 2018, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third-party websites.

 

Investor Relations Contact:
MS-IR LLC
Miri Segal-Scharia
CEO
msegal@ms-ir.com
917-607-8654
Media Contacts:
Rainier Communications
Mary Lynch Cadwallader/Michelle Allard McMahon
foresight@rainierco.com
508-450-2733

Friday, November 9th, 2018 Uncategorized Comments Off on $FRSX QuadSight™ Vision System Wins Prestigious 2019 CES Innovation Award

$NETE Helps the World Meet its Money Flow Needs

  • Net Element payment processing tech options assist industries according to individualized needs
  • Partnership with Russian bank set to boost country’s aging financial network
  • Most recent reports show growing net revenues as company prioritizes market needs close to home

In a world where emerging business enterprises are continually searching for ways to move money when the businesses don’t fully conform to the rigid expectations of the banking and lending community, payment processing technology providers such as Net Element, Inc. (NASDAQ: NETE) are helping to keep markets flowing on a global scale and providing a foundation for investors to stand on as they uphold entire industries.

Net Element’s decision to join its mobile payments operations with multi-channel subsidiary PayOnline increased its ability to serve small and medium-sized businesses and their customers with a growing number of payment options. The company works to adapt its platform so it can fit the individual needs of store front businesses and unbanked and web-based enterprises — all of which serve their customers in a variety of different ways.

While the company has scaled back its European activities, its recently announced partnership with Sputnik Bank in Russia to provide third-party bank processing to other banks throughout the country (http://nnw.fm/O1n2l) shows its ability to work in the international arena and its drive to establish financial services wherever the need presents itself.

“We believe this is the first bank to provide a wholesale service to other Russian banks and if executed properly could be a huge success,” the company stated in a news release. “In the future, this entity could even be spun off into its own independent fintech company like many of the banks in the US have done.”

The news release added the company’s belief that all of Russia’s banks use in-house systems, many of which have not been upgraded to modern standards since the systems were created in the wake of the Soviet Union’s dissolution in the early ‘90s.

“Sputnik is expected to move its own in-house system over to this venture and will sell the processing service to small banks, third-party vendors, value-added resellers, credit organizations and sales organizations. Due to economies of scale of bank and payment processing, one large entity can more efficiently manage a system and the smaller banks will be able to outsource their IT at what is expected to be a much lower cost,” the company continued.

Closer to home, Net Element’s VIP Payments solution offers technological capabilities to hotel and tourism industry enterprises (http://nnw.fm/cyF4L); Netevia offers a subscription-based, transparent online payments solution for brick and mortar businesses’ e-commerce and B2B needs (http://nnw.fm/5xVcp); Aptito provides support to the restaurant industry (http://nnw.fm/R4hr3); and Unified Mobile Payments is designed with the kiosk and truck vendor in mind (http://nnw.fm/qs4FD).

“We work directly with payment card networks and banks so that our merchants do not need to manage the complex systems, rules, and requirements of the payments industry,” the company stated in its most recent 10-Q quarterly report.

Net Element’s 8-K report issued during the same period states that the company had a net revenues increase of $16.46 million for the three months ended June 30 of this year, which was an increase of two percent over the second quarter of 2017. The company’s net revenues for the six months leading up to the most recent reporting was up nine percent over the previous year to $32.45 million.

For more information, visit the company’s website at www.NetElement.com

More from NetworkNewsWire

About NetworkNewsWire

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.

To receive instant SMS alerts, text STOCKS to 77948

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
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212.418.1217 Office
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Thursday, November 8th, 2018 Uncategorized Comments Off on $NETE Helps the World Meet its Money Flow Needs

$NUGS Announces Publication on Booming Cannabis Industry Attracting Big Investor Attention

NEW YORK, Nov. 08, 2018 — via CannabisNewsWire – CannabisNewsWire (“CNW”), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Cannabis Strategic Ventures (OTC: NUGS), a client of CNW focused on incubating, developing and partnering with category leaders within the cannabis sector.

To view the full publication, titled “Investors Flock to Cannabis Market as Business Booms,” visit: http://cnw.fm/YSp6g

In the United States, the cannabis industry is taking off in a big way. California is the largest of the nine state-sized markets for recreational cannabis, so it makes sense that the state has become home to many of the companies working in the sector, such as Cannabis Strategic Ventures (OTC: NUGS). But the seeds for the rise of these companies lie elsewhere.

The industry is growing quickly, with analysts predicting that it will reach $65 billion by 2023. That’s creating plenty of space for companies such as Cannabis Strategic Ventures to grow. It’s also drawing the attention of investors.

About Cannabis Strategic Ventures, Inc.

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.

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.

For more information please visit https://www.CannabisNewsWire.com

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.

CNW Corporate Communications Contact:
CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.net

Thursday, November 8th, 2018 Uncategorized Comments Off on $NUGS Announces Publication on Booming Cannabis Industry Attracting Big Investor Attention

$YGYI to Host Third Quarter 2018 Earnings Conference Call. Nov 13

SAN DIEGO, Nov. 7, 2018 /– Youngevity International, Inc. ( NASDAQ :YGYI ) a leading omni-direct lifestyle company, announced today that it will host a conference call on Tuesday November 13, 2018 at 1:00 PM Eastern Standard Time, (10:00 AM Pacific Standard Time), to discuss the Company’s financial results for the quarter ending September 30, 2018, which it plans to release earlier that day during the premarket.

Youngevity International, Inc. (YGYI) to Host Third Quarter 2018 Earnings Conference Call to Review Financial Results and Provide Corporate Update

Youngevity International’s senior management will host the call, led by Mr. Steve Wallach, Chairman and Chief Executive Officer and joined by Mr. Dave Briskie, President and Chief Financial Officer. The purpose of the call will be to discuss its financial results, provide an update on current business trends and to answer questions that are submitted by shareholders, analysts, and other interested parties.

All interested parties can attend the event by clicking

https://InstantTeleseminar.com/Events/111640440 fifteen minutes prior to the start of the call, or by dialing 206 402 0100 and entering the access code 634174# at least five minutes prior to the start of the call. International and alternative numbers are available at https://InstantTeleseminar.com/Local/?eventid=111640440 

The conference call will be recorded and available for replay shortly after the conclusion of the call. An archived replay of the call will be available for approximately 3 months on the company’s Investor Relations website: https://ygyi.com/.

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, YGYI offers 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 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.

Investor Relations
YGYI investor relations
800.504.8650
investors@ygyi.com

Media Relations
Trendlogic PR
800.992.6299
contact@trendlogicpr.com

 

YGYI Logo (PRNewsfoto/Youngevity International, Inc.)

Wednesday, November 7th, 2018 Uncategorized Comments Off on $YGYI to Host Third Quarter 2018 Earnings Conference Call. Nov 13