Archive for January, 2019
- Net Element was recognized as one of the fastest-growing companies in North America, according to Deloitte’s 2017 Fast 500
- The company employs a multi-strand approach to staying abreast of the competition in the transactional services industry
- Offering many products and services to industries, including CBD oil, point-of-sale systems and blockchain technology, Net Element maintains its versatility and relevance in multiple markets
Net Element, Inc. (NASDAQ: NETE), a global technology-driven group which specializes in mobile payments and value-added transactional services, has emerged as a leader in the transactional services industry. It continues to evolve and is powered by its central mission: to set the standard for omni-channel payment acceptance and value-added service offerings with an emphasis on creating a unified global transaction acceptance ecosystem.
With millions of mobile payment users in emerging markets, many companies are striving to stay competitive in the burgeoning transactional services industry. To remain a leading competitor, Net Element has employed a multi-pronged strategy. First, it continually invests in the company’s core technology and product offerings. Second, it allocates resources and expertise in order to grow through commercial and product offerings. The company has also made strategic acquisitions, complementing its core strategy. Finally, Net Element continues to focus on sustained improvement and operational excellence in order to maximize returns for its investors.
Specifically, one of Net Element’s featured products and services is called Aptito, and it offers an all-in-one iOS cloud-based restaurant management and payment acceptance solution. Its menus and kiosks are offered on the iPad, are easy to customize and seamlessly integrate with the company’s EMV-compliant point-of-sale system and iPhone application. Customers can appreciate an ease of functionality, as well as the ability to manage their restaurants remotely, maximizing their profitability.
Net Element was rated as one of the fastest-growing companies in North America on Deloitte’s 2017 Technology Fast 500, as well as South Florida Business Journal’s 2016 fastest-growing technology companies. Moreover, it is ranked number 418 on Deloitte’s 2017 Technology Fast 500, the list of North America’s 500 fastest-growing technology, media, telecommunications, life sciences and energy technology companies. This acclaim is hard-fought and well-deserved. In a news release, Sandra Shirai, vice chairman of Deloitte Consulting LLP, said (http://ccw.fm/8AtJy), “[These] winners underscore the impact of technological innovation and world class customer service in driving growth, in a fiercely competitive environment.”
For more information, visit the company’s website at www.NetElement.com
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- The Green Organic Dutchman recently announced the launch of a new website aimed at addressing the needs of various types of customers, as well as investors
- The website will enable potential clients to sign up for early access to the company’s premium organic cannabis in January 2019
- TGOD’s website launch is another step toward ensuring accessibility and convenient service following a partnership with HelloMD to facilitate online sales and personalized customer service
Mid-December 2018, cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) announced the launch of a new informative website aimed at addressing the needs of both medical patients and recreational consumers.
The company said that the new online platform is built to deliver the best digital experience in the industry. At www.TGOD.ca, visitors will find an array of practical features. The website offers a brand new sales experience and a focus on high quality, industry-relevant content. Additionally, it includes dedicated patient portals, a redesigned investor section, a consumer education center and updated media portals.
All of the digital developments are based on over 3,000 patient interviews, multiple surveys, questionnaires and extensive preliminary planning, The Green Organic Dutchman announced in an official release (http://cnw.fm/a4ZSg).
“A website is the first point of contact for most consumers,” TGOD Marketing Vice President Andrew Pollock said in the release. “Those consumers have many choices with respect to their cannabis brands, and it is critical that TGOD provide them with the ultimate experience. With respect to navigation, content, and shopability, we believe we have the absolute best website in the cannabis industry today.”
The new website also highlights the beginning of organic cannabis sales in 2019. A selection of 200 medical patients will be provided with first access to purchase the company’s premium organic cannabis in late January 2019. Anyone else who is interested can register on the website for announcements and future cannabis sales in the spring of 2019.
Investors can also register using the form available at www.TGOD.ca/pages/Investors-Information for the purpose of receiving regular The Green Organic Dutchman updates. The company is working to enhance its communications strategy through the provision of research coverage, progress reports, weekly video updates, information about international market developments and corporate structure/managerial updates.
The launch of the new website is just the latest TGOD project aimed at streamlining the medical cannabis experience in the digital age.
On December 13, the company announced a partnership with HelloMD, a company that provides solutions for patients looking for online medical cannabis access in Canada (http://cnw.fm/F8itK).
Once the sale of premium organic cannabis begins, The Green Organic Dutchman is expected to ensure integration with HelloMD’s online clinic services. The white-label patient service platform will provide patients interested in medical cannabis with practitioner-led advice and education about the benefits and uses of medical cannabis.
“Making Life Better” is the tagline under which The Green Organic Dutchman operates, and it demonstrates the commitment to addressing the needs of every single consumer, according to Pollock.
Through the launch of the new website and the partnership with HelloMD, The Green Organic Dutchman hopes to ensure easy access to premium organic cannabis and a much more effective and personalized client onboarding process.
For more information, visit the company’s website at www.TGOD.ca
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VANCOUVER, British Columbia, Jan. 22, 2019 — Sunniva Inc. (“Sunniva”, the “Company”, “we”, “our” or “us”) (CSE:SNN) (OTCQB:SNNVF), a North American provider of cannabis products and services, is pleased to announce a CAD $10.0 million non-brokered offering (the “Financing”) of convertible debentures (“Convertible Debentures”) to provide additional working capital in response to higher than anticipated near-term demand for Sunniva branded cannabis products which includes an additional USD $5.0 million in retail dispensary purchase orders.
Including the initial USD $2.4 million cannabis purchase contracts which were announced on January 4, 2019, Sunniva now has secured a total of USD $7.6 million of near-term future sales contracts for Sunniva branded cannabis products in California. Sales commenced in January 2019, and these initial contracts are to be completed in the first fourth months of 2019. The contracts include purchases of the following Sunniva branded product lines:
- Ultra-pure distillate products: 1.0 ml, 0.5 ml and 0.33 ml filled vape cartridges, live resin vape cartridges and disposables pens
- Premium concentrates: live resin extracts, shatters, and waxes
- Premium Flower
In advance of large-scale production at the Company’s greenhouse in Cathedral City, California, the Financing will be used to enable Sunniva to continue to secure additional clean biomass for the Company’s extraction facility, to obtain clean flower from strategic relationships and for general corporate purposes. Purchased flower is currently being packaged utilizing our large-scale automated packaging machines, branded and then sold to our retail clients, allowing Sunniva to capture significant margin in the flower category.
“Now that we have strengthened our position as a true vertically integrated cannabis company in California with our in-house distribution company and a growing retail network, we are recognizing significant demand for our Sunniva branded products, which is driving our company to a new level of growth. We are now revenue generating in California from sales of our branded products. Our focus is to continue to secure monthly purchase orders for our brands throughout the year with licensed California retailers as we continue to ramp up all our production capabilities. The Financing will enable us to run at full speed as we accelerate our growth throughout 2019,” stated Kevin Wilkerson, Chief Operating Officer of Sunniva’s California operations.
The Convertible Debentures issued under the Financing will have the following terms:
- Term: 24 months; maturity date of February 15, 2021
- Interest Rate: 10% (paid annually)
- Conversion Rights: Convertible into common shares of Sunniva at any time within the Term
at the Conversion Price at the sole discretion of the holder
- Conversion Price: CAD $5.27 per common share
Certain members of Sunniva’s senior management team are participating, collectively, for approximately 25% of the total Financing. Closing of the Financing is subject to the approval of the Canadian Securities Exchange and is expected to occur on or about February 8th, 2019.
The Convertible Debentures offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Convertible Debentures in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Sunniva Inc.
Sunniva, through its subsidiaries, is a vertically integrated cannabis company operating in the world’s two largest cannabis markets – California and Canada. Our ability to leverage our large-scale, purpose-built cGMP designed greenhouse, offering better quality assurance with cannabis products free from pesticides, uniquely positions Sunniva as a leading supplier of safe, high quality products at scale. Through our strategically positioned cultivation and extraction facilities in California, we are launching Sunniva branded products in various product categories including flower, pre-rolls, vape cartridges, and premium concentrates. Our compliant distribution in California will ensure the placement of Sunniva branded products at licenced dispensaries throughout the state. We continue to pursue other upstream vertical opportunities. Sunniva’s management and board of directors have a proven track record for creating significant shareholder value both in the healthcare and biotech industries.
This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”), including, but not limited to, statements relating to the Company’s acceleration of growth in California and pursuit of upstream vertical opportunities, the sale of products and production from Sunniva’s extraction facility, the completion of the Company’s cannabis purchase contracts, the anticipated production and revenue from the extraction facility, the conditions for and timing of closing of the Financing and the use of proceeds from the Financing. 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. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
Company Contacts:
Sunniva Inc.
Dr. Anthony Holler
Chairman and Chief Executive Officer
Phone: (866) 786-6482
Investor Contact:
Phil Carlson / Erika Kay
KCSA Strategic Communications
Phone: (212) 896-1233
Email: pcarlson@kcsa.com / ekay@kcsa.com
Media Contact:
Katelyn Tumino
KCSA Strategic Communications
Phone: (212) 896-1252
Email: ktumino@kcsa.com
Canopy Rivers Inc. (the “Company” or “Canopy Rivers”) (TSXV:RIV) is pleased to announce it has completed an equity investment in 10663522 Canada Inc., or “Herbert” (“Herbert”), a unique brand platform that focuses on the adult-use cannabis beverage and edibles market. Canopy Rivers subscribed for C$1,500,000 of preferred shares in Herbert, and received incremental warrants entitling the Company to increase its economic interest in Herbert under certain circumstances, as well as other governance-related rights.
“Herbert represents an opportunity for Canopy Rivers to be invested at a very early stage in a company focused on the adult-use cannabis beverage and edible product segment,” said Narbe Alexandrian, President of Canopy Rivers. “In the US, cannabis-infused beverages have emerged as a high-growth segment within the ingestibles category, and include a variety of products in both THC- and CBD-dominant formats. In Canada, we expect similar growth beyond dried flower and oils, into food and beverage. Canopy Rivers believes that Herbert, equipped with existing R&D, marketing and manufacturing expertise, has the ability to enter this market quickly and achieve success in creating widely appealing THC-infused beverages and edibles under this new standalone brand.”
“We are thrilled to be partnering with Canopy Rivers, one of the most progressive players in the global cannabis sector,” said Lee Reitelman, Co-Founder and Director of Marketing at Herbert. “We believe cannabis offers a range of experiences to consumers, and we look forward to unlocking that potential for a wider audience. We see the beverage category as especially well-suited for the delivery of cannabis, in providing a convenient, consistent, fast-acting, low-sugar alternative to conventional edible products. As Herbert seeks out new frontiers in the THC-infused functional food and beverage landscape, we are looking forward to being able to leverage Canopy Rivers’ diverse platform of innovative cannabis ventures to achieve our goals.”
Herbert’s mission is to combine advanced technology with its knowledge and appreciation of the experience-enhancing properties of cannabis, creating products specifically designed around consumers’ many lifestyle needs. The company’s core beverage offering will focus primarily around THC-infused products designed for distribution within Canada. Established by certain principals of Greenhouse Juice Company (“Greenhouse”), Herbert will, through a supply arrangement with Greenhouse, leverage Greenhouse’s existing purpose-built, food-grade and GMP-compliant production and processing facility, one of the most sophisticated of its kind in North America. On January 14, 2019, Canopy Rivers announced a convertible debt financing in Greenhouse, a dynamic plant-based food and beverage company with a new focus on creating CBD-infused products.
About Canopy Rivers Inc.
Canopy Rivers is a unique investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers works collaboratively with Canopy Growth (TSX: WEED, NYSE: CGC) to identify strategic counterparties seeking financial and/or operating support. Canopy Rivers has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the emerging cannabis sector. As the portfolio continues to develop, constituents will be provided with opportunities to work with Canopy Growth and collaborate among themselves, which Canopy Rivers believes will maximize value for its shareholders and foster an environment of innovation, synergy and value creation for the entire ecosystem.
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. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding: the growth of the cannabis-infused beverage and edibles segment; the consumer shift into cannabis food and beverage; Herbert’s ability to enter the market quickly and achieve success backed by the research and development, marketing and manufacturing expertise of Greenhouse; Herbert’s distribution plans; Herbert’s ability to create products designed around consumers’ needs; Canopy Rivers as a progressive player in the cannabis sector; cannabis offering a wide range of experiences; the beverage category being well-suited for the delivery of cannabis; the ability of Herbert to leverage the Canopy Rivers platform; and other 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. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: regulatory and licensing risks; competition in the cannabis food and beverage market; the ability of Herbert to distribute in Canada; the popularity of cannabis food and beverages; Canopy Rivers’ platform; changes in general economic, business and political conditions, including changes in the financial markets; the global regulatory landscape and enforcement related to cannabis, including political risks and risks relating to regulatory change; changes in research related to cannabis and cannabis related products; risks relating to anti-money laundering laws; compliance with extensive government regulation; public opinion and perception of the cannabis industry; as well as 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 issuer 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, please contact:
Canopy Rivers Inc.
Karoline Hunter
Sr. Director, Investor Relations & Communications
E-mail: ir@canopyrivers.com
Daniel Pearlstein
Executive Vice President, Strategy
E-mail: daniel@canopyrivers.com
Internet of Things market expected to grow to $520 billion by 2021
MIAMI, FL, Jan. 22, 2019 — 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”), today announced the launch of Netevia In-App Payments Software Development Kit (SDK) for Internet of Things (“IoT”) devices, enabling application developers and hardware manufacturers to process payments within their consumer-facing applications. With just a few lines of code, Netevia’s SDK for IoT, allows developers to easily and professionally build a fully PCI compliant, secure and seamless payments flow experience for their devices.
IoT creates a network of devices that interact over the internet and can be remotely monitored and/or controlled. IoT works by extending internet connectivity beyond desktops, laptops, smartphones and tablets to include a network of non-internet items, enabling communication and data exchange with devices that are embedded with smart technology such as vehicles and home appliances.
The capabilities and potential of this market are explosive. According to Bain & Company, the global IoT market will grow to $520 billion by 2021 – more than double the $235 billion spent in 2017. Bain also notes that “pent-up” demand creates considerable opportunity for technology providers who can present proofs of concepts and successful implementation.
The SDK is part of the Netevia’s feature-ready multi-channel payments platform that connects and simplifies payments through a single integration point to increase economic efficiency of all transactions made within the ecosystem. Among its capabilities is compliant cryptocurrency payment acceptance.
“The Netevia Platform simplifies payments across multiple channels through a single point of integration,” commented Andrey Krotov, Chief Technology Officer of Net Element, Inc. “According to Visa, Inc., by 2020 there will be more than 50 billion devices connected to the Internet, providing a huge opportunity for these devices to include payments experience through Netevia SDK.”
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 various 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.
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. An example of such risk and uncertainty is whether the Netevia In-App Payments Software Development Kit (SDK) for Internet of Things (“IoT”) devices and its cryptocurrency payment acceptance feature will gain traction and be a success for the Company. Additional examples of such risks and uncertainties include but are not limited to (i) Net Element’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Net Element’s ability to maintain existing, and secure additional, contracts with users of its payment processing services; (iii) Net Element’s ability to successfully expand in existing markets and enter new markets; (iv) Net Element’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Net Element’s business; (viii) changes in government licensing and regulation that may adversely affect Net Element’s business; (ix) the risk that changes in consumer behavior could adversely affect Net Element’s business; (x) Net Element’s ability to protect its intellectual property; (xi) local, industry and general business and economic conditions; and (xii) adverse effects of potentially deteriorating U.S.-Russia relations, including, without limitation, over a conflict related to Ukraine, including a risk of further U.S. government sanctions or other legal restrictions on U.S. businesses doing business in Russia. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Net Element with the Securities and Exchange Commission. Net Element anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Net Element assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.
Contact:
Net Element, Inc.
+1 (786) 923-0502
www.NetElement.com
Media@NetElement.com
Corporate Communications Contact:
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Comprehensive Agreement Reached on Construction of State of the Art Processing Plant Increase in Profit Participation for CLR Roasters and Acquisition of the coffee brand Café Cachita
SAN DIEGO, Jan. 22, 2019 — Youngevity International, Inc. (YGYI), a leading omni-direct lifestyle company, announced today that its wholly-owned subsidiary, CLR Roasters, has executed agreements with its Nicaraguan Based Partners, H and H Export and Marisol Siles, whereby the company anticipates expanding its capabilities in Nicaragua through the planned construction of one of the largest processing mills in Central America. In addition to the agreement to construct new processing facilities, the agreement increases CLR Roasters’ profit participation in the green coffee distribution business with its Nicaraguan Based Partners from 50% to 75% of profits. As part of the agreement CLR is also acquiring the coffee brand Café Cachita.
The construction for the new processing facility is expected to be complete by September of this year in time for the 2020 harvest which will be the second year of the CLR Roasters’ recently signed, 5-year, $250 million green coffee contract. The new processing facility will sit on 45 acres of real estate in Matagalpa, Nicaragua and is conveniently accessible to the coffee growing regions of Nicaragua. When complete, the planned facility is expected to have 28,000 square feet of office space, a 160,000 square foot warehouse capable of holding 48 million pounds of green coffee, and the ability to process over 53 million pounds of green coffee on an annual basis. The facility is expected to be equipped with the most modern technology available and to house a highly efficient lab that will allow for consistency in quality.
“We are very pleased to expand our partnership with Alain Hernandez of H and H Export company and Marisol Siles of Siles Family Plantation Group. We cannot think of better people to be in business with in Nicaragua,” stated Dave Briskie, President and CFO of Youngevity, CLR Roaster’s parent company. “In addition to the new facility we will be retaining our current processing facility, known as La Pita, to produce our certified coffees. Having the ability to keep our organic, rainforest alliance and other certified coffees separate from conventional coffees should provide us with a strong strategic advantage in the market and increased capacity to support growth in the coming years.”
“I am extremely excited about the expanded partnership with Youngevity, CLR, and Siles Family Plantation,” stated Alain Hernandez, President of H&H Export company. “We have been developing this expanded opportunity for several years and it is very special to see it come to fruition. We expect that these capabilities, along with the strong relationship with our producers, will provide us a competitive edge in this market.”
Ernesto Aguila, Founder of CLR Roasters said, “We are very excited to add a second espresso brand to our product portfolio. Café Cachita provides us with additional shelf space at retail and allows us to be more competitive with our marketing and sales efforts and should drive incremental revenue for our Cafe La Rica brand in the marketplace as well.”
Marisol Siles, President of Siles Family Plantation Group, stated, “With all our teams working together for one common goal this business relationship will be significant for all of us. We have assembled a very strong and experienced team to support logistics, administration, quality control, and local market know-how in support of this major project. Due to the scale of this project we anticipate being better able to support the local community and increase our social responsibility which is a very important part of our culture.”
About CLR Roasters
Youngevity’s coffee manufacturing division, CLR Roasters, was established in 2001 and is a wholly-owned subsidiary. CLR Roasters is a full-sized coffee roaster that produces gourmet coffees under its own boutique brands — Café La Rica®, Josie’s Java House®, and Javalution®; manufactures a variety of private labels for major national chains; and for the direct selling channel under Youngevity International. The company remains one of the largest suppliers in North America to the cruise line industry. CLR was the first entrant into the fortified coffee niche with its Youngevity JavaFit® brand. In May 2014, CLR acquired a coffee plantation and processing facility in Nicaragua, allowing the entity to control coffee production and quality — from field to cup.
About Youngevity International, Inc.
YGYI, Inc. (NASDAQ:YGYI), is a leading omni-direct lifestyle company offering a hybrid of the direct selling business model, that also offers e-commerce and the power of social selling. Assembling a virtual Main Street of products and services under one corporate entity, YGYI offers products from the eight top selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, fashion, essential oils, photo, as well as innovative services. The Company was formed in the course of the summer 2011 merger of Youngevity Essential Life Sciences with Javalution® Coffee Company (now part of the company’s food and beverage division). The resulting company became Youngevity International, Inc. in July 2013. For investor information, please visit YGYI.com. Be sure to like us on Facebook and follow us on Twitter.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases forward-looking statements can be identified by terminology such as “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and similar expressions, and includes statements regarding expanding its capabilities in Nicaragua through planned construction of one of the largest processing mills in Central America, the completed facility having 28,000 square feet of office space, a 160,000 square feet warehouse capable of holding 48 million pounds of green coffee, the expected completion of the new processing facility by September 2019, and the ability to process over 53 million pounds of green coffee on an annual basis, the facility being equipped with the most modern technology available and a highly efficient lab that will allow for consistency in quality, having the ability to keep our organic, rainforest alliance and other certified coffees separate from conventional coffees providing us with a strong strategic advantage in the market and increased capacity to support growth in the coming years, the capabilities from the expanded partnership with Siles Family Plantation along with the strong relationship with our producers providing a competitive edge in this market and adding Café Cachita as a second brand of espresso providing an opportunity to expand the shelf space at retail and drive incremental revenue for our Cafe La Rica brand in the marketplace and the ability to support the local community and increase our social responsibility which is a very important part of our culture. 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 complete construction of one of the largest processing mills in Central America, with 28,000 square feet of office space, a 160,000 square feet warehouse capable of holding 48 million pounds of green coffee and the ability to process over 53 million pounds of green coffee on an annual basis, our ability to equip the facility being with the most modern technology available and a highly efficient lab that will allow for consistency in quality, our ability to establish a strong strategic advantage in the market and increased capacity to support growth in the coming years by keeping our organic, rainforest alliance and other certified coffees separate from conventional coffees, our ability to establish a competitive edge from the expanded partnership with Siles Family Plantation along with the strong relationship with our producers, our ability to expand the shelf space at retail and drive incremental revenue for our Cafe La Rica brand in the marketplace by adding Café Cachita as a second brand of espresso, our ability to continue our international growth, 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 for the year ended December 31, 2017 and our subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
YGYI Company Contact
Main Office: (619) 934-3980
Main Fax: (619) 934-3205
YGYI Investor Relations
800.504.8650
investors@ygyi.com
- The Green Organic Dutchman recently announced the launch of a new website aimed at addressing the needs of various types of customers, as well as investors
- The website will enable potential clients to sign up for early access to the company’s premium organic cannabis in January 2019
- TGOD’s website launch is another step toward ensuring accessibility and convenient service following a partnership with HelloMD to facilitate online sales and personalized customer service
Mid-December 2018, cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) announced the launch of a new informative website aimed at addressing the needs of both medical patients and recreational consumers.
The company said that the new online platform is built to deliver the best digital experience in the industry. At www.TGOD.ca, visitors will find an array of practical features. The website offers a brand new sales experience and a focus on high quality, industry-relevant content. Additionally, it includes dedicated patient portals, a redesigned investor section, a consumer education center and updated media portals.
All of the digital developments are based on over 3,000 patient interviews, multiple surveys, questionnaires and extensive preliminary planning, The Green Organic Dutchman announced in an official release (http://nnw.fm/MGb5w).
“A website is the first point of contact for most consumers,” TGOD Marketing Vice President Andrew Pollock said in the release. “Those consumers have many choices with respect to their cannabis brands, and it is critical that TGOD provide them with the ultimate experience. With respect to navigation, content, and shopability, we believe we have the absolute best website in the cannabis industry today.”
The new website also highlights the beginning of organic cannabis sales in 2019. A selection of 200 medical patients will be provided with first access to purchase the company’s premium organic cannabis in late January 2019. Anyone else who is interested can register on the website for announcements and future cannabis sales in the spring of 2019.
Investors can also register using the form available at www.TGOD.ca/pages/Investors-Information for the purpose of receiving regular The Green Organic Dutchman updates. The company is working to enhance its communications strategy through the provision of research coverage, progress reports, weekly video updates, information about international market developments and corporate structure/managerial updates.
The launch of the new website is just the latest TGOD project aimed at streamlining the medical cannabis experience in the digital age.
On December 13, the company announced a partnership with HelloMD, a company that provides solutions for patients looking for online medical cannabis access in Canada (http://nnw.fm/S5BnY).
Once the sale of premium organic cannabis begins, The Green Organic Dutchman is expected to ensure integration with HelloMD’s online clinic services. The white-label patient service platform will provide patients interested in medical cannabis with practitioner-led advice and education about the benefits and uses of medical cannabis.
“Making Life Better” is the tagline under which The Green Organic Dutchman operates, and it demonstrates the commitment to addressing the needs of every single consumer, according to Pollock.
Through the launch of the new website and the partnership with HelloMD, The Green Organic Dutchman hopes to ensure easy access to premium organic cannabis and a much more effective and personalized client onboarding process.
For more information, visit the company’s website at www.TGOD.ca
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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TORONTO, Jan. 17, 2019 — Canopy Rivers Inc. (the “Company” or “Canopy Rivers”) (TSXV: RIV) is pleased to provide an update on the operations of Canapar SrL (“Canapar), an Italian-based hemp production and processing platform and subsidiary of portfolio company, Canapar Corp. Yesterday evening, in Ragusa, Sicily, Canapar hosted a ribbon cutting ceremony for its new cannabidiol (“CBD”) extraction and processing facility. When completed in Fall 2019, this facility is expected to be the largest in Europe. Through its advanced extraction and processing capabilities, it is anticipated to transform 600 metric tons of hemp biomass annually into CBD isolates and derivative products for distribution in the European market.
“In a short time, Canapar has achieved several significant milestones positioning the company as a leader in the nascent European CBD vertical. With over 1,000 hectares of hemp secured, strong partnerships with Italian universities, and this new facility, Canapar is well positioned to supply Europe’s demand for CBD derived products. The company is on the path to bring to market products ranging from CBD isolates, to ‘made in Italy’ beauty products, to pharmaceutical products,” said Olivier Dufourmantelle, Chief Operating Officer of Canopy Rivers.
Management believes Canapar is playing an important role in developing and commercializing the CBD and hemp industry in Italy and Europe. Canapar is seeking to optimize the cultivation and extraction processes of the active ingredients derived from hemp that are used in consumer products, particularly for the cosmetic, natural health and pharmaceutical markets. Canapar relies on an outsource farming model and the company has created a solid network of farmers in Southern Italy, a region with a rich agricultural history. With over 1000 hectares contracted for hemp farming, management believes Canapar is prepared to meet the growing demand for cannabis and CBD derivative products in Europe.
“It was a great day for Canapar, Sicily and the European hemp industry,” said Sergio Martines, CEO of Canapar. “The regulatory landscape in Italy and Europe is creating exciting opportunities for hemp and its derivatives. The size and scale of this extraction and processing facility, our growing hemp resources, as well as various partnerships, ideally position Canapar to pursue these opportunities.”
About Canopy Rivers Inc.
Canopy Rivers is a unique investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers works collaboratively with Canopy Growth (TSX: WEED, NYSE: CGC) to identify strategic counterparties seeking financial and/or operating support. Canopy Rivers has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the emerging cannabis sector. As the portfolio continues to develop, constituents will be provided with opportunities to work with Canopy Growth and collaborate among themselves, which Canopy Rivers believes will maximize value for its shareholders and foster an environment of innovation, synergy and value creation for the entire ecosystem.
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. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding:the international growth strategy of Canopy Rivers; the expected growth in demand for cannabis derivative products; the rapid growth of the cannabis market; expectations regarding the business of Canapar Italy; the development and commercialization of hemp in Italy; the ability of Canapar Italy to utilize extraction capabilities for the production of CBD oil; Canapar Italy’s ability to generate low-cost, high yield sources of CBD oil; the use of CBD oil in new commercial products; the increasing demand for cannabis-derived products in Italy and the growing global demand for innovative and unique cannabis products; the benefits of the Italian regulatory landscape; and Canapar ability to seize the CBD-infused product market opportunity. 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. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: regulatory and licensing risks; demand for cannabis derivative products in Europe; the Italian regulatory framework for the cultivation of hemp and production of CBD oil; demand for consumer products containing the active ingredients derived from hemp; lack of control over operations; compliance with laws; changes in laws, regulations and guidelines; competition; the difficulty to forecast accurately; cannabis prices; challenging global financial conditions; litigation; government regulation; operating risks involved in the cannabis industry; the ability to attract customers; constraints on marketing; risks inherent in agricultural businesses; product recalls; product liability; reliance on partners; reliance on key inputs; and dependence on suppliers and skilled labour; 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; 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, please contact:
Canopy Rivers Inc. Karoline Hunter
Sr. Director, Investor Relations & Communications
E-mail: ir@canopyrivers.com |
Daniel Pearlstein
Executive Vice President, Strategy
E-mail: daniel@canopyrivers.com
NEW YORK, Jan. 17, 2019 — via CannabisNewsWire – CannabisNewsAudio announces the Audio Press Release (APR) titled “Companies Explore Market Potential for Ready-to-Drink CBD Beverages,” featuring Youngevity International, Inc. (NASDAQ: YGYI).
To hear the CannabisNewsAudio version, visit: http://cnw.fm/vNY60
To read the full editorial, visit: http://cnw.fm/TZr7d
Youngevity will use its marketing and multilevel marketing expertise to help Icelandic Glacial build its brand and reach new customers in the United States and around the globe. In return, Icelandic Water Holdings plans to introduce its customers to Youngevity’s health and nutrition products. Icelandic has a 14-year history of serving health and quality-conscious consumers while building a brand known for purity. The company has a completely sustainable operation fueled solely by geothermal and hydroelectric power. Icelandic Water is committed to reaching a target of net-zero greenhouse gas emissions.
“Hemp-derived cannabidiol aligns with what we do very well,” said Youngevity CEO, Steve Wallach. “We’ve taken what we know about essential nutrients, along with decades of knowledge specializing in natural, plant-based nutrition and their most beneficial nutrients, and put that knowledge to work to develop high-end cannabidiol products.”
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.
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TORONTO, Jan. 17, 2019 – The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (US:TGODF) is pleased to announce the appointment of Dr. Rav Kumar, PhD as the Company’s Chief Science Officer.
Dr. Kumar will lead The Green Organic Dutchman’s Science & Innovation Division and oversee all aspects of science-related initiatives including TGOD’s science portfolio encompassing advanced and innovative global product lines for patients and consumers. Dr. Kumar will help drive innovation from concept to commercialization at the Company.
With over 25+ years’ experience in the pharmaceutical industry, Dr. Kumar is a seasoned senior executive with international experience in Europe, Asia and North America. His career has focussed on discovery, formulation development, clinical, regulatory, manufacturing, quality & compliance and business development. Additionally, he has created several multimillion-dollar industry-academic partnerships and received the 2014 Award for Leadership in Canadian Pharmaceutical Sciences.
“We are incredibly excited to welcome Dr. Kumar to TGOD. He is a proven and seasoned senior executive with extensive international pharmaceutical experience in developing innovative and novel products with some of the world’s largest pharmaceutical companies,” stated Brian Athaide, CEO and Director of TGOD. “We believe Dr. Kumar, combined with our recent additions of Dr. MacCallum and Jacques Dessureault, establishes a strong foundation for our science and medical team and will provide leadership in global organic cannabis to drive premium innovative solutions for both patients and consumers,” continued Athaide.
Previously, Dr. Kumar held various senior leadership roles with GlaxoSmithKline with assignments in the UK, France and Canada, spanning 25 years. His positions included Vice President R&D Operations, and Business Development & Classic Brands. GSK is one of the world’s largest pharmaceutical companies and has a market capitalization of CAD $129 billion. Dr. Kumar was involved in the development of numerous global new chemical entities, vaccines and new products at GSK. Further, Dr. Kumar played a pivotal role in building GSK’s Research and Development capability in Canada. Additionally, he conceived and executed a $150M spin-out of GSK’s Vaccines R&D Unit to create Neomed Biologics and Vaccines Centre of Excellence in Montreal.
Prior to joining TGOD, Dr. Kumar was Managing Director of Apotex India, Apotex’s largest investment outside of Canada and included pharmaceutical R&D and manufacturing. He was instrumental in establishing “Apotex Global Business Services” in Mumbai, providing medical, scientific, and commercial services to Apotex globally. Dr. Kumar was instrumental in building out a new leadership team, business processes in addition to strengthening alignment and relationships with Apotex global operations. Apotex is Canada’s largest private pharmaceutical company with global annual sales of several billion dollars.
Dr. Kumar’s notable volunteer and board experience includes President of the Canadian Society for Pharmaceutical Sciences, board member of CQDM – Pharmaceutical Consortium for Drug Discovery Platforms, and National Steering Committee for Patient-Oriented Research (Canadian Institute of Health Research – CIHR) among others.
He holds a Doctor of Philosophy from the University of Bath, UK and a Bachelor of Pharmacy (Honours) from the University of Cardiff, UK.
On Behalf of the Board of Directors,
The Green Organic Dutchman Holdings Ltd.
About The Green Organic Dutchman Holdings Ltd.
The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) is a publicly traded, premium global organic cannabis company, with operations focused on medical cannabis markets in Canada, Europe, the Caribbean and Latin America, as well as 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.
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.
For more information on The Green Organic Dutchman Holdings Ltd., please visit www.tgod.ca.
www.tgod.ca
Forward-Looking Information Cautionary Statement
This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”). Forward looking statements in this release includes, but is not limited to, statements about the future legalization of cannabis-infused products in Canada, statements about future research, development and innovation by the Company, statements about future facility construction, statements about the offering of any particular products by the Company in any jurisdiction and statements regarding the future performance of the Company. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of Toronto Stock Exchange) accept responsibility for the adequacy or accuracy of this release.
Leading omni-direct lifestyle company Youngevity International (NASDAQ: YGYI) today announced fourth-quarter 2018 semifinalists for its Better Health Challenge and launched updates to the 2019 challenge, including daily flash briefings through Amazon’s Alexa Platform. Per the update, this year’s challenge provides a streamlined participant experience and more ways to win. The most recent semifinalists, Greg Anthony and Holly Steiner, lost 70 pounds and 32 pounds, respectively, with each to receive various prizes and a chance to win the $5,000 Grand Prize. “The Better Health Challenge is designed to grow and evolve over time, much like the participants themselves,” Youngevity Health and Wellness Coach Sanjeev Javia stated in the news release. “These new updates provide added incentive to reach desired goals through group participation, and great options for increasing overall engagement.”
To view the full press release, visit: http://nnw.fm/H0tkL
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 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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LOS ANGELES, Jan. 16, 2019 — via NetworkWire – Cannabis Strategic Ventures, Inc. (OTC: NUGS) today announces that it has signed a Letter of Intent to partner with a Santa Barbara County cultivation operation that holds approximately 40 commercial cannabis licenses from the County of Santa Barbara, the California Bureau of Cannabis Control, the Manufactured Cannabis Safety Branch, and the CalCannabis Cultivation for growth, manufacturing and cultivation. The parties involved are working on a final agreement.
“As we increase Cannabis Strategic Ventures’ stronghold in the California cannabis market, we are pursuing partnerships that are strategically aligned with our corporate growth plans,” comments Simon Yu, CEO, Cannabis Strategic Ventures. “Obtaining access to a large batch of licenses located between the cannabis-friendly cities of San Francisco and Los Angeles will allow us to expedite our growth and scalability.”
A Pew Research study from September states that 62% of Americans support legal cannabis, double the support recorded in 2000, highlighting increased acceptance for cannabis-friendly regulations. As consumer demand for recreational and medicinal cannabis continues to grow, industry leaders are forced to solidify suppliers for their distribution channels.
“Cannabis Strategic Ventures is excited for 2019 and what increases in consumer demand could mean for our brand,” comments Yu. “We remain focused on managing our business operations for growth and making sure we are well prepared to keep up with the momentum of the cannabis industry.”
About Cannabis Strategic Ventures (NUGS)
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.
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
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- Net Element was recognized as one of the fastest-growing companies in North America, according to Deloitte’s 2017 Fast 500
- The company employs a multi-strand approach to staying abreast of the competition in the transactional services industry
- Offering many products and services to industries, including CBD oil, point-of-sale systems and blockchain technology, Net Element maintains its versatility and relevance in multiple markets
Net Element, Inc. (NASDAQ: NETE), a global technology-driven group which specializes in mobile payments and value-added transactional services, has emerged as a leader in the transactional services industry. It continues to evolve and is powered by its central mission: to set the standard for omni-channel payment acceptance and value-added service offerings with an emphasis on creating a unified global transaction acceptance ecosystem.
With millions of mobile payment users in emerging markets, many companies are striving to stay competitive in the burgeoning transactional services industry. To remain a leading competitor, Net Element has employed a…
Read more »
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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As expected, the legalization of medical marijuana and hemp in a variety of jurisdictions is creating new markets for CBD products derived from cannabis and hemp. The products that are trending may surprise you.Companies in the cannabis growth and CBD derived products space are hopping on the wave of change in both Canada and many U.S. states where they stand to cash-in on the growth trend, including providers like General Cannabis Corp (OTC: CANN), Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF), and MedMen Enterprises Inc. (OTC: MMNFF) (CSE: MMEN).
Alongside the retail market for marijuana which is booming, the CBD products business is also gaining major momentum. Of the early innovators in the space, The Yield Growth Corp. is getting a lot of attention. The Yield Growth Corp. (CSE:BOSS) has developed a line of wellness and beauty products that make the most of what the hemp plant can legally offer in almost any country, as well as offering the opportunity to infuse those products with THC or CBD where legal.
Other innovators are following the pack, and as with most emerging markets, first movers are gaining the advantage.
Beverages Are A Big Deal
Beverages are a hot product in general, with soda alternatives like LaCroix, Bubly sparkling water and a number of infused beverages (Bai Antioxidant Infusions, KeVita Sparkling Probiotic Drink, etc.) taking away major market share from the declining sugar soda categories.
Now CBD-infused beverages are moving swiftly to compete in the popular beverage market. Not only is CBD widely recognized for its wellness benefits for things like anxiety reducers and as a sleep aid, but CBD beverages can also take the form of sparkling water, coffee, teas, energy drinks – even beer, wine and combined alcoholic beverages. This can also multiply the number of dosage options opening up whole new target markets. Several of the leading hemp-CBD product manufacturers are looking at this strategy, planning to compete with, or be acquired by, large corporations who have interest in the CBD space and are ready to get moving upon commercial hemp legalization.
Based on these shifts, beverages are expected to become a major CBD growth area. Sales are projected to jump from a market estimated at about $12 million in 2018 to more like a $200 million-plus market in 2019. That’s accompanied by an expected compound annual growth rate (CAGR) of 242 percent through the next four years.
Would You believe Pet Products?
Only a small group of pet CBD-focused brands have started gaining traction in the market to date, along with some larger CBD brands that already have existing pet lines in their product offerings (e.g., Charlotte’s Web Holdings). However, CBD pet products are attracting real interest of pet owners around the country who have discovered the positive effects on their much-loved pets, largely without the side effects of drugs.
Also, in this category, several major CBD manufacturers see the value of the market and are developing proprietary lines of pet products. These include Mary’s Nutritionals (Whole Pet) and Isodiol (PawCeuticals). This is also translating into the Direct seller market (affiliate programs) that are catching the waver of growth in pet product sales.
The pet CBD products market has an expected CAGR of 195 percent from 2018 to 2022. Surprisingly, that outpaces the general CBD market’s expected CAGR of around 147 percent for the same time period.
Topicals and Natural Products
The infused and naturals sector is creating a whole new sub-category in the multibillion-dollar beauty and wellness markets. These include new and natural formulations for common categories. An early mover in this arena is The Yield Growth Corp. who are making real headway in anticipation of legalization.
The Yield Growth Corp. has several major brands to provide a portfolio in the developing CBD space. Under the brand Urban Juve, they currently support a set of nearly 50 products that are launching in 2019. Based in Canada, the company has already completed 26 Health Canada registrations. The initial launch will consist of base products only. All of these products may offer CBD infused or THC infused versions in the future.
The Yield Growth Corp. also has granted CROP Infrastructure Corp. the rights to distribute Urban Juve products in Italy. CROP Infrastructure Corp. grows, produces, and sells cannabis products. They currently have a foothold in California, Nevada, and Washington State and have recently expanded into Jamaica (acquiring over 200,000 square feet of fertile cropland), looking to capitalize on the ideal growing conditions there.
The Yield Growth Corp. is taking a unique approach where It can sell its base products nearly anywhere in the world and then capitalize on any market that has legalized recreational use of THC or CBD as they roll out.
CBD Products are Hitting Their Stride
It seems like CBD is infused in just about everything from sparkling water to bug spray and vape pens. As interest grows and dollars pour into this hot market—which is projected to have reached $591 million in 2018 — everyone would like to know what’s the next big trend?
Brightfield Group, a Cannabis market research firm that focuses on the U.S. CBD market, has seen a variety of indicators among manufacturers, consumers and retailers that the aforementioned products will be among the hottest CBD trends in 2019.
Forward thinking companies with interest in the U.S. and global operations (many from Canada where cannabis is completely legal), will likely garner the biggest share from early efforts and positive support for both legalization of hemp, recreational and medical marijuana, including:
General Cannabis Corp (OTC: CANN) provides a whole host of ancillary services to producers and businesses in the marijuana industry, ranging from real estate, consulting, business development and even security. The Denver, Colorado-based company even owns a specialty cannabis lifestyle apparel under the brand Chiefton Supply Co.
Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) pursues investment and operating opportunities in the emerging global cannabis sector. Canopy Rivers is at a unique advantage due to the strategic partnership and cornerstone investment from Canopy Growth Corporation. Canopy Rivers works collaboratively with Canopy Growth to identify strategic counter-parties seeking financial or operating support.
MedMen Enterprises Inc. (OTC: MMNFF) (CSE: MMEN) operates as a cannabis company in the United States. It owns and operates 18 licensed cannabis facilities in cultivation, manufacturing, and retail located in California, Nevada, and New York.
For a more information about The Yield Growth Corp. and legal marijuana businesses see the article at: http://usanewsgroup.com/2019/01/15/the-sleeping-giant-for-2019-just-woke-up-and-its-a-game-changer-for-investors-looking-to-diversify-into-a-multi-billion-dollar-sector/
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Cannabis Strategic Ventures (OTC: NUGS) is providing a way for athletes to improve their health and relieve joint and muscle pain through Fitamins, a proprietary health and wellness formula comprised of 25 mg of hemp-derived, THC-free CBD in addition to other joint-supporting vitamins. A recent article discussing the company reads, “NUGS acquired the Fitamins CBD brand in August 2018 (http://nnw.fm/v6dEC). Products under the brand consist of vitamin and hemp-derived CBD formulations, which will be distributed through Fitamins’ network of 600+ wholesalers catering to the Asian-American market. The agreement between the companies calls for Fitamins to produce a proprietary CBD product as part of NUGS’ brand portfolio, initially targeting United States distribution networks and eventually expanding into Asian markets that have legalized CBD products.”
To view the full article, visit: http://nnw.fm/Qy0b2
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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DPW Holdings (NYSE American: DPW) this morning announced that Super Crypto Mining, Inc., its wholly owned indirect subsidiary, is changing its name to Digital Farms Inc. (“DFI”). Concurrent with the name change, DFI intends to enter into a new partnership with Digital Farms Management, LLC, a company with deep experience in the data center development and management sector and real estate markets. According to the update, the partners plan to purchase a Michigan-based data-center and leverage the many positive attributes of the real estate asset. The move represents DFI’s dedication to its long-term strategy to control low electric costs, which it understands is key to ensuring long-term success in crypto-mining, and will provide power at over a 60 percent reduction of its current cost over five years. “This new partnership demonstrates our focus on finding the lowest possible electrical costs in order to maximize profits and create future opportunities for growth within the blockchain environment,” CEO Darren Magot stated in the news release. “We are looking forward to working with the experienced team at Digital Farms Management as we execute on our goals for future growth in the blockchain and data center space.”
To view the full press release, visit: http://nnw.fm/sIri2
About DPW Holdings, Inc.
DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with 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. For more information, visit the company’s website at www.DPWHoldings.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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There were fears that the legalization of adult-use marijuana in different U.S. states would trigger a decline in alcohol sales as consumers switch to marijuana instead of taking alcohol. Numerous reasons, such as the hangovers associated with alcohol consumption, were cited as factors that would impact alcohol sales once cannabis was legalized. However, a recent study conducted by the Distilled Spirits Council has found that no such slump in sales has occurred in the three states where recreational cannabis has been legal for the longest time in the U.S.
The alcohol trade association reported that the trends in alcohol sales remained consistent regardless of marijuana legalization in Washington, Oregon and Colorado.
The Distilled Spirits Council analyzed the per-capita alcohol consumption data in the three states from two years before legalization occurred to four years after legalization.
The data showed that the sales of spirits increased by 3.6 percent in Oregon and 7.6 percent in Colorado.
However, wine did not fare the same way in all the three states. Washington registered a drop in sales during the time studied by the Council. At the same time, an upward trend was noticed in wine sales in Oregon and Colorado.
Beer sales have generally been declining for over a decade, and the analysts weren’t surprised to find that beer continued to lose its market share to spirits and wine even after marijuana became legal for adult-use in the three states.
Vivien Azer, one of the analysts who pored over the alcohol sales data commented that lower-end beers faced the greatest risk of losing their market share because they were largely consumed by lower-income Caucasian men who often faced a choice between buying cannabis and taking a beer. The data shows that cannabis is emerging as the winner when such a choice has to be made.
Wines and distilled spirits appeared to be insulated from such pressures because they tend to be consumed by higher-income earners who can afford to consume marijuana and their favorite alcoholic drink. Besides, cocktails are increasing in popularity among women, so that demographic alone can keep the sales of wines and spirits up.
All the same, many industry watchers are cautioning that it is still early days to conclude that marijuana will not eat into the market share of alcohol. Different generations and demographics are likely to respond differently when marijuana becomes an option for them. As recent polls show, marijuana is clearly becoming a favorite across the board. Industry players like Canopy Rivers Inc. (TSX.V: RIV) and Cannabis Strategic Ventures, Inc. (OTC: NUGS) hope that such goodwill translates into the spending of disposable income on marijuana.
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Palm Beach, FL – January 15, 2019 – The Online, Electronic Payment Industry is still considered by most to be a very diverse, constantly evolving industry fueled by significant consumer adoption on a global level. Those entrenched in the digital payments industry are all positioning themselves and waging a war for dominance of this expanding and rapidly growing sector. The magazine Entrepreneur published a list sometime ago with the Most Popular Online Solutions available with many familiar names, listing PayPal (NASDAQ:PYPL) at the top. The article went on to say, “There’s no denying that when it comes to accepting and receiving payments, PayPal is the reigning champion.” But the article did mention “While people tend to love PayPal for a variety of reasons, technology has opened the door for a number of competitors to challenge PayPal by offering cheaper fees, faster transactions, and enhanced security.” Other Active Companies in the industry include NetCents Technology Inc. (CSE:NC) (OTC:NTTCF), Square Inc. (NYSE:SQ), Net Element Inc. (NASDAQ:NETE), Visa Inc. (NYSE: V).
In a side note, Entrepreneur may have overlooked possibly the biggest new technology/marketing twist to the entire market however. The elephant in the room these days is Crypto as currency. An industry magazine, Mobile Payments proclaimed: “Payments companies make it easier for consumers, merchants to embrace cryptocurrencies”. The article continued with “While most consumers today likely view bitcoin, bitcoin cash and alternatives such as Ethereum and Litecoin as assets, some payments companies in the past couple of months have announced plans for consumers to more easily use cryptocurrencies as payment, and merchants to accept them. “We could see some retailers try to future-proof themselves by working with payment providers that support crypto payments but this will mostly be as an add-on to existing systems.”
NetCents Technology Inc. (CSE:NC) (OTC:NTTCF) (Frankfurt:26N) BREAKING NEWS: NetCents Technology is pleased to announce the addition of Eric Turille and Don Sieb to the Company’s Board of Advisors. The addition of Mr. Turille and Mr. Sieb to the Board of Advisors adds decades of payment industry knowledge, experience, and relationships to the NetCents management team.
“Eric and Don’s extensive experience in the payment industry is unparalleled and they are a welcome addition to the NetCents team,” stated Clayton Moore, CEO of NetCents Technology. “The foothold the Company made into the traditional payment industry in 2018 is a great foundation for us to build upon in 2019. The knowledge and connections that Eric and Don bring to the table will allow us to continue to disrupt payments and bring us one step closer to becoming the underlying technology for cryptocurrency payments.”
Eric Turille, a 30-year veteran formerly with First National Bank of Omaha (FNBO), VITAL – now TSYS Acquiring Solutions (TSYS), and NewTek Business Services (NEWT), brings his extensive banking, payment processing, and payment technology expertise to the Company. Eric’s formidable experience in card issuing, merchant acquiring, and deep experience in operations, compliance, and distribution will strengthen the Company’s ability to roll out its upcoming credit card program and ability to execute its key 2019 objectives.
“The opportunity for cryptocurrency transaction processing to reach critical mass, in any timeline, requires several existing complexities that NetCents ecosystem and management team poses,” stated Eric Turille. “The NetCents business model, financial technology, infrastructure, compliance, and strategic integrations are ripe for merchant and consumer adoption. I am excited to join the NetCents Advisory board to execute strategic distribution, product delivery, and unique customer acquisition models.”
Don Sieb, a 30-year respected payment industry expert and former executive at Ingenico and VeriFone, brings his banking, finance, and payment processing experience to the NetCents leadership team. Don’s wide range of subject matter expertise, compliance, and strategy compliment the Company’s current focuses in business process and delivery to large international retailers and payment industry organizations.
“NetCents is positioned to positively impact merchant adoption and behavioral changes necessary to become a transactional currency with confidence at any online, mobile or merchant location,” stated Don Sieb. “I’m excited to bring my experience, shared vision, and business acumen to the NetCents leadership team.” Read this and more news for NetCents at: https://www.financialnewsmedia.com/news-nc/
Other recent developments in the tech industry include:
PayPal Holdings, Inc. (NASDAQ:PYPL) announced on Monday the appointment of marketing veteran Allison Johnson to the position of executive vice president and chief marketing officer (CMO), effective today. In this newly created role, Johnson will be based in the company’s San Jose headquarters and report directly to PayPal CEO Dan Schulman. “Allison is a highly experienced, much-admired marketing leader with a proven track record of building global brands, making her a natural addition to our leadership team,” said Schulman. “PayPal has made strong progress over the past several years to advance our position as the leading digital payments platform and one of the most dynamic and valuable brands in the world. Allison’s experience and vision will build on that progress and help propel PayPal forward during our next phase of growth.” As PayPal CMO, Johnson will lead strategic marketing for PayPal and its family of brands around the world, building on the transformational work already accomplished.
“I was an early convert to PayPal’s vision of fast, secure online payments. I’m thrilled to have the opportunity to work with this remarkable team to accelerate PayPal’s growth as we continue to define the future of global payments.”
Johnson brings more than two decades of marketing experience to PayPal. Previously, Johnson served as Apple’s vice president of worldwide marketing communications from 2005 to 2011. During that time, she helped to reinvigorate Apple’s Mac business and launched the iPod, iPhone, iPad and the App Store with unprecedented marketing campaigns. Before Apple, Johnson was senior vice president of global brand marketing at HP, where she spearheaded the repositioning and relaunch of HP’s brand globally with the award-winning +HP campaign.
Square, Inc. (NYSE:SQ) recently announced that Amrita Ahuja has joined the company as Chief Financial Officer. Amrita will start will report to CEO Jack Dorsey.
Amrita was the CFO of Blizzard Entertainment, a leading global developer and publisher of interactive software products and entertainment content with over $2 billion in annualized revenue and a division of Activision Blizzard. Amrita had been with Activision Blizzard for over eight years in a number of finance and strategy roles across the company, including SVP of Investor Relations, VP of Finance and Operations, and VP of Strategy and Business Development. Prior to Activision Blizzard, she held various roles at Fox Networks Group, the Walt Disney Company, and Morgan Stanley. She received her M.B.A. from Harvard Business School and her A.B. from Duke University.
“In Amrita, we have found an amazing, multidimensional business leader,” said Jack Dorsey, Square CEO. “Amrita brings the ability to consider and balance opportunities across our entire business, and she will help strengthen our discipline as we invest, build, and scale. She is willing to challenge herself and others, has the courage to take principled risks, and is passionate about our customers and our purpose.”
“Amrita has a rare combination of financial acumen, strategic operational experience, and the ability to dive deep into a multifaceted business,” said David Viniar, Square’s Lead Independent Director and former CFO of Goldman Sachs. “She will be a fabulous addition to Square, and I look forward to working with her as she joins our high-caliber executive team.”
Net Element, Inc. (NASDAQ: NETE) closed up 0.16% on Wednesday at $6.30 by the market close. The company is 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, announced today the launch of its multi-channel blockchain-powered payments application across multiple touch points including face-to-face via smart payment terminals and electronic commerce as well as via API. “Over the past few years blockchain technology has revolutionized the world of payments thanks to its decentralization, cost-effectiveness and convenience,” commented Vlad Sadovskiy, President of integrated payments for Net Element. “The addition of a cryptocurrency payment acceptance option to our Netevia platform carries forward our tradition of innovation as we power global commerce.”
Visa Inc. (NYSE: V) will report its fiscal first quarter 2019 financial results on Wednesday, January 30, 2019. The results, along with accompanying financial information, will be released after market close and posted on the Visa Investor Relations website.
Visa’s executive management team will then host a live audio webcast beginning at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss financial results and business highlights. All interested parties are invited to listen to the live webcast at http://investor.visa.com. A replay of the webcast will be available on Visa’s Investor Relations website for 90 days.
Visa is currently in its customary “quiet period” during which time company executives will not be interacting with the investment community. This quiet period will be in place until fiscal first quarter 2019 earnings are released on January 30, 2019.
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CannabisNewsWire Editorial Coverage: The market for cannabidiol (CBD) beverages alone could achieve a value of $260 million in the United States by 2022. CBD beverages form part of an even wider market for marijuana-infused drinks that is predicted to reach a value of $600 million in three years’ time.
- U.S. market for CBD and THC beverages could reach $600 million by 2022.
- Cannabis-infused drinks could outperform other cannabis products.
- Non-cannabis and cannabis companies alike are joining this new market.
Savvy companies are looking to position themselves in this burgeoning market, often by partnering with companies that provide invaluable experience in the sector. Youngevity International Inc. (NASDAQ: YGYI) (YGYI Profile), an established omni-direct lifestyle company, has formed a cross-marketing agreement with a bottled spring water company, which will see the pair develop new products including a ready-to-drink CBD beverage. Tilray Inc. (NASDAQ: TLRY) is partnering with the world’s largest brewer in a $100-million joint venture to research cannabis-infused nonalcoholic drinks. Canopy Growth Corporation (NYSE: CGC) (TSX: WEED) recently received a $4 billion investment from a leading beer maker. Other companies are looking to grow in additional cannabis spaces. Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) recently received a license from Health Canada permitting the sale of…
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TORONTO, Jan. 14, 2019 — Canopy Rivers Inc. (the “Company” or “Canopy Rivers”) (TSXV:RIV) today announced its investment in Greenhouse Juice Company (“Greenhouse”), a dynamic plant-based food and beverage company. Canopy Rivers has committed $9 million in a convertible debt financing package (the “Financing”) that includes secured and unsecured debt, warrant coverage, and board representation rights. Proceeds from this financing will be used to supplement Greenhouse’s national expansion and initiatives for the development of natural health and wellness beverages infused with cannabidiol (“CBD”).
Greenhouse is a proudly Canadian company delivering organic, plant-based food and beverages. Founded in January 2014, Greenhouse has expanded from a single retail outlet to an omnichannel business with 15 corporate-owned retail stores, an e-commerce delivery service (www.greenhouse.ca), and a growing network of distribution partners with hundreds of retail locations, including both big box and specialty boutiques. Greenhouse operates out of a purpose-built, food grade and GMP-compliant production and processing facility, one of the most sophisticated of its kind on the east coast of North America.
“We believe CBD is poised to become a major ingredient within consumer packaged goods wellness products,” said Narbe Alexandrian, VP Business Development at Canopy Rivers. “Over five years, Greenhouse has built a successful, well-recognized beverage brand and a state-of-the-art manufacturing facility capable of producing a wide range of products. We see high-quality, low-sugar beverages as being ideal for infusion with non-psychoactive CBD, and we believe Greenhouse’s expansion into CBD-based products will further solidify its leadership position in the health and wellness space.”
Products containing CBD, an active ingredient derived from cannabis plants, including hemp, are increasing in popularity as the health benefits of this natural and versatile compound are becoming more widely explored. CBD can be used in a variety of ways and is typically consumed as an ingestible oil or applied topically. Management believes that Greenhouse is an established leader among its peers and has the brand awareness and infrastructure required to bring CBD consumer products to market at scale. As a wellness ingredient, CBD is a natural fit for Greenhouse’s existing range of organic, plant-based, functional beverages. Greenhouse is developing a new line of products that will utilize full-spectrum CBD extracts, pure CBD isolates, and other non-psychoactive cannabinoids.
“As a plant-based health and wellness brand, Greenhouse is excited to continue our mission by expanding across Canada and extending into CBD-based beverages,” said Anthony Green, CEO of Greenhouse. “CBD shows evidence-based potential as a potent, non-psychoactive wellness ingredient and Greenhouse is uniquely positioned to be a trusted leader in this new space. We’re very excited to partner with Canopy Rivers, a global player in cannabis innovation, to introduce our brand to a growing audience and unlock the wellness potential of CBD-based beverages.”
The Financing includes a $6 million senior secured convertible debenture with a 12% yield, three-year term, and fixed conversion price. The second tranche is comprised of a $3 million unsecured convertible debenture with an automatic conversion mechanism based upon certain sales performance milestones at Greenhouse, and full warrant coverage on certain sales performance milestones as well. Additionally, the Company will receive incremental warrants entitling Canopy Rivers to increase its economic interest in Greenhouse under certain circumstances, as well as other governance-related rights.
About Canopy Rivers Inc.
Canopy Rivers is a unique investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers works collaboratively with Canopy Growth (TSX: WEED, NYSE: CGC) to identify strategic counterparties seeking financial and/or operating support. Canopy Rivers has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the emerging cannabis sector. As the portfolio continues to develop, constituents will be provided with opportunities to work with Canopy Growth and collaborate among themselves, which Canopy Rivers believes will maximize value for its shareholders and foster an environment of innovation, synergy and value creation for the entire ecosystem.
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. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding: the growth of Greenhouse’s distribution network; Greenhouse’s strong or established leadership position; the ability of CBD to become a major trend in healthy living; Greenhouse juices being ideal for infusion with CBD; Greenhouse becoming a leading cannabis brand in the health and wellness space; the increasing popularity of CBD products; the brand awareness and infrastructure of Greenhouse and its ability to bring products to market at scale; the ability of consumers to reap benefits of CBD; Greenhouse’s unique position to be a trusted leader in CBD-based wellness consumer packaged goods; the wellness potential of CBD; and other 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. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: regulatory and licensing risks; competition in the cannabis brand health and wellness space; the ability of Greenhouse to grow its retail presence; the popularity of CBD products; Canopy Rivers’ network of strategic partners; changes in general economic, business and political conditions, including changes in the financial markets; the global regulatory landscape and enforcement related to cannabis, including political risks and risks relating to regulatory change; risks relating to anti-money laundering laws; compliance with extensive government regulation; public opinion and perception of the cannabis industry; as well as 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 issuer 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, please contact:
Canopy Rivers Inc.
Karoline Hunter
Sr. Director, Investor Relations & Communications
E-mail: ir@canopyrivers.com
Daniel Pearlstein
Executive Vice President, Strategy
E-mail: daniel@canopyrivers.com
- Net Element specializes in mobile payments and value-added transactional services
- It provides an array of electronic payment solutions through numerous operating companies
- The company recently launched its blockchain-powered payments application
Investors looking to leverage opportunities in mobile payments and value-added transactional services need look no further than Net Element, Inc. (NASDAQ: NETE). The company specializes in these services and is strategically positioned for growth in the U.S. and emerging nations. An international technology-driven group, Net Element supports electronic payments acceptance in an omni-channel environment encompassing point-of-sale, e-commerce and mobile devices. Net Element is headquartered in North Miami Beach, Florida.
The company provides a host of electronic payment solutions via several operating companies. These include Aptito (its cloud-based restaurant and retail point-of-sale solution), Unified Payments, PayOnline, Digital Provider, Restoactive, Net Lab and…
Read more »
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Agreement Brings The Purest Tasting Water on Earth™ to YGYI’s Team of Health and Wellness, Food and Beverage Brands
SAN DIEGO, Jan. 14, 2019 — Youngevity International, Inc. (NASDAQ: YGYI), a leading omni-direct lifestyle company, announced today that it will be adding Icelandic Glacial™–The Purest Tasting Water on Earth–to its growing, multifaceted lineup of lifestyle brands in the health, wellness, and food and beverage industries by agreeing to an exclusive sales and marketing agreement with the brand.
- Youngevity and Icelandic Glacial will be exclusive cross-marketing partners for each other internationally for three years
- The partnership includes packaging the super-premium spring water from Iceland with various Youngevity products including 90 For Life supplements
- Icelandic Glacial and Youngevity will work exclusively with one another as joint development partners to create exciting new products across the lifestyle, health, and food and beverage industries with the potential for a drinkable CBD product being at the forefront of potential collaborations
- These products will be made available through Youngevity’s sizeable direct selling network
“I’m ecstatic to have a brand like Icelandic Glacial join the Youngevity team,” said Steve Wallach, CEO of Youngevity International, Inc. “Icelandic Glacial offers a product unlike anything else on the market. Its rare, naturally occurring high pH level and unique lava rock filtering system certainly set it apart. But beyond that, Icelandic Glacial is the world’s first Carbon Neutral bottled water company. It’s perfectly positioned to serve not only customers who want a pure tasting water that makes them feel and perform their best, but also eco-friendly consumers who want to make sure their money goes to brands with a conscience.”
“Simply put, there’s a reason it’s called The Purest Tasting Water on Earth, and we’re happy to introduce that product to more customers,” Wallach continued. “With the addition of Icelandic Glacial to our group of health, home, food and beverage, beauty, and apparel companies, no other company offers the array of brands that Youngevity does to help customers live their best lives every day.”
“We anticipate that leveraging the capabilities of Icelandic Glacial and Youngevity should have an immediate impact on our collective businesses,” said Dave Briskie, President and CFO of Youngevity, “however, I believe this value should increase exponentially as we expect our collaboration will lead to innovative products that leverage what is best about both companies and the loyalty of our collective distributors and customers around the world.”
Per the three-year agreement reached between the two brands, Youngevity will use its sales and marketing experience to help Icelandic grow its brand presence in the Network Marketing channel both in the United States and internationally. Over 14 years, Icelandic Water Holdings hf. has built Icelandic Glacial™ as a brand with a reputation for purity and quality among health-conscious consumers. The company will introduce these customers to Youngevity’s suite of high-quality health/nutrition products. Together the companies will work on developing new products with ideas ranging from special products for children and pets, to beverages based on CBD and other life-enhancing supplements.
“We saw Youngevity as the perfect partner for our brand,” said Jon Olafsson, Chairman and Co-Founder of Icelandic Glacial. “With their stellar direct selling pedigree in the lifestyle industry, and their groundbreaking approach to growing their brands, we’re extremely confident for what the future of this arrangement will hold.”
About Icelandic Glacial™
Icelandic Glacial™ is the super-premium natural spring water, bottled at the source from Iceland’s legendary Ölfus Spring, which was formed more than 5,000 years ago and is shielded from pollution by an impenetrable barrier of lava rock. The spring produces water so pure that nothing is added or taken away. As a result, Icelandic Glacial possesses exceptional balance featuring a naturally low mineral content and a naturally alkaline pH of 8.4. Icelandic Glacial is further distinguished as the world’s first certified carbon neutral natural spring bottled water for product and operation. Icelandic Glacial uses 100% natural green energy to fuel its production delivering a premium bottled water to discerning consumers around the world while maintaining a “net zero” carbon footprint.
About Youngevity International, Inc.
YGYI, Inc. (NASDAQ:YGYI), is a leading omni-direct lifestyle company offering a hybrid of the direct selling business model, that also offers e-commerce and the power of social selling. Assembling a virtual Main Street of products and services under one corporate entity, YGYI offers products from the eight top selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, fashion, essential oils, photo, as well as innovative services. The Company was formed in the course of the summer 2011 merger of Youngevity Essential Life Sciences with Javalution® Coffee Company (now part of the company’s food and beverage division). The resulting company became Youngevity International, Inc. in July 2013. For investor information, please visit YGYI.com. Be sure to like us on Facebook and follow us on Twitter.
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Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases forward-looking statements can be identified by terminology such as “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and similar expressions, and includes statements regarding working with Icelandic Glacial as joint development partners to create new products across the lifestyle, health, and food and beverage industries, including the potential for a drinkable CBD product, leveraging the capabilities of Icelandic Glacial and Youngevity having an immediate impact on our collective businesses, and the value of the collaboration increasing exponentially and leading to innovative products that leverage what is best about both companies and the loyalty of our collective distributors and customers around the world. 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 working with Icelandic to create and introduce new products across the lifestyle, health, and food and beverage industries, including the potential for a drinkable CBD product, l our ability to leverage the capabilities of Icelandic Glacial and Youngevity to have an immediate impact on our collective businesses, our ability to make the value of the collaboration increase exponentially and lead to innovative products that leverage what is best about both companies and the loyalty of our collective distributors and customers around the world, our ability to continue our financial performance and the other factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2017 and our subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
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 Contact
Dwain Schenck
Schenck Strategies
203-223-5230
dwain@schenckstrategies.com
Did you, in your wildest dreams, ever imagine that the start of your business venture would depend on the outcome of a lottery? Well, that is exactly the fate awaiting cannabis retail license applicants in Ontario, Canada. The provincial government led by the Progressive Conservatives has decided to use a lottery to select the first 25 private entities that will be allowed to open marijuana retail businesses.
Previously, the province had resolved to sell recreational cannabis in government-run retail outlets only. However, the change of government towards the end of the year resulted in a modification of that plan, thereby giving private players a chance to take part in the retail segment.
That change of government, and the resultant decision regarding how cannabis will be sold, led to a delay of the start of retail sales in brick and mortar outlets. For now, residents of Ontario can only buy cannabis from the online stores that have been operating since legalization took place on October 17.
The retail license applicants should not worry that the lottery equipment will be rigged. The system to be used during this lottery (that can make or break businesses) is the same system used by AGCO (Alcohol and Gaming Commission of Ontario) to test all slot machines before they are installed for use in casinos.
This particular lottery comes at a steep cost for those who want to participate. First, they were required to pay $75 as an application submission fee. Additionally, the applicants also forked out $4,000 as a retail authorization fee in addition to another $6,000 as payment for a retail operation license. To crown it all, each applicant was required to present a $50,000 letter of credit to prove that they had the financial ability to operate a cannabis retail outlet.
The applications were submitted between January 7 and January 9. AGCO will select the winners tomorrow (January 11). This round of the selection process excluded LPs (Licensed Producers of cannabis) in order to prevent a single entity from controlling the retail market.
AGCO had also warned that only serious entities or individuals should enter this lottery because stiff penalties will be imposed on those who don’t open their businesses by April 1. For example, a fine of $12,500 will be imposed if they don’t open their outlets by that date. A similar fine will apply if the business isn’t operational by 15th, and then a larger fine of $25,000 will have to be paid if the month ends when a licensed business hasn’t opened its doors to the public. In short, prepare to pay a fine of $50,000 if April 30 finds that your retail business isn’t operational.
Meanwhile, the supply shortages don’t show any sign of ending, and that is why AGCO decided to issue only 25 retail licenses instead of the 40 they had originally wanted to issue. Sunniva Inc. (CSE: SNN) (OTCQB: SNNVF) and other players like Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) hope the supply issues get resolved so that offline retail sales can take off without a hitch in Ontario.
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Net Element (NASDAQ: NETE), a global technology and value-added solutions group, serves businesses and consumers through its support of electronic payments in an omni-channel environment. An article discussing the company reads, “Net Element, which develops multi-channel electronic payment solutions, has seen a significant increase in its North American business as well, according to a company news release. Ranked by Deloitte’s Technology Fast 500 as one of North America’s 500 fastest-growing companies in 2018, Net Element grew by 183 percent during the time period of recognition (http://nnw.fm/rUki5). Unified Payments, a brand of leading bankcard payment processing services under the NETE umbrella, is a particularly noteworthy contributor to the company’s overall growth. Unified Payments provides solutions for small and medium-sized enterprises throughout North America. … ‘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,’ Net Element president of integrated payments Vlad Sadovskiy stated in a news release.”
To view the full article, visit: http://nnw.fm/Ho92g
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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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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Company to Report Performance Through Newly Established DPW Financial, Inc. and DPW Technologies, Inc. for All Business Units and Subsidiaries
Newport Beach, Calif., Jan. 10, 2019 — DPW Holdings, Inc. (NYSE American: DPW) a diversified holding company (the “Company”) announced today that it has completed establishing DPW Financial Group, Inc. and DPW Technologies Group, Inc., both Delaware corporations, as previously announced on November 6, 2018. DPW anticipates aggregating all reporting by its subsidiaries and business units through these two new subsidiaries, starting as early as the first quarter of 2019. This realignment will set the stage for other initiatives by the Company in 2019 and beyond.
Organizational Structure
DPW will own 100% of these two groups:
- DPW Technology Group, Inc. will focus on advanced technology, design, power solutions and manufacturing businesses in defense, aerospace, telecom, medical, and textiles and will include Coolisys Technologies, Inc., Digital Power Corporation, Microphase Corporation, Enertec Systems 2001 Ltd, Digital Power Limited, and Power-Plus Technical Distributors, LLC. Mr. Milton “Todd” Ault, III will serve as the interim CEO, and William B. Horne as the new subsidiary’s CFO. DPW Technology Group intends to hire a Chief Executive Officer to provide leadership during the IPO and to develop and execute future growth strategies.
- DPW Financial Group, Inc. will focus on lending, cryptocurrency mining, hospitality, and real estate and includes Digital Power Lending, LLC, IAM, LLC and Super Crypto Mining, Inc. Darren Magot will serve as the CEO and Kenneth S. Cragun as the CFO.
The officers of DPW will remain the same: CEO Milton “Todd” Ault, III, CFO William B. Horne, and CAO Kenneth S. Cragun. DPW anticipates that the corporate restructuring will enable it to leverage more efficiently its sustainable assets, including making additional strategic investments.
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’s headquarters are 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
- Novogene Tianjin to offer end-to-end sequencing through interpretation and reporting by integrating LifeMap’s leading TGex Clinical NGS tertiary analysis platform with their sequencing and bioinformatics services in China
- Partnership to expand LifeMap’s access to the Chinese Market
LifeMap Sciences, Inc., a subsidiary of AgeX Therapeutics, Inc. (NYSE American: AGE) announced today that Tianjin Novogene Medical Laboratory, LifeMap, and Shanghai Shanyi today announced a partnership to provide a combined, best-of-breed Clinical NGS analysis and interpretation platform for Tianjin Novogene Medical Laboratory’s customers in China.
LifeMap Sciences’ TGex is the leading provider of tertiary NGS analysis and interpretation solutions for rare pediatric disorders in the China market. It is today the clinical genetics solution of choice for top tier pediatric and maternal hospitals, including Peking Union Medical Center, Beijing Children’s Hospital, Shanghai International Children’s Medical Center, Shenzhen Maternal Hospital and Guanxi Maternal Hospital amongst others, as well as in private labs. TGex is distributed in China by Shanghai Shanyi, which provides molecular technologies, services and solutions throughout the territory.
“We’re very excited about this partnership,” says Yaron Guan Golan, Chief Executive Officer at LifeMap Sciences. “Novogene Tianjin is a top tier provider of sequencing and bioinformatics solutions in China and we are honored to have them select us to provide TGex as part of their bioinformatics platform. The partnership with Novogene Tianjin will allow us to rapidly expand our offerings in the China market, and together to offer best-of-breed end-to-end clinical NGS solutions to the China market.”
“We’re proud to cooperate with Novogene and LifeMap,” said Lei Li, GM at Shanghai Shanyi. “Both of them are top providers of genomic services and solutions. The NGS interpretation marketing is rapidly growing in China today as cost of sequencing decreases. This cooperation between Novogene, LifeMap, and Shanghai Shanyi will improve the quality of genetic diseases diagnosis and, potentially, treatment throughout China.”
Questions regarding the above can be directed to Mr. Lei Li at terry.lee@tgexsanyi.cn or to Yaron Guan Golan, CEO at LifeMap Sciences, at yg@lifemapsc.com.
About Novogene Tianjin Medical Laboratory
Novogene Tianjin Medical Laboratory is a CAP accredited clinical lab that provides high quality sequencing services to 1,920 scientific research institutes and universities, 720 hospitals, as well as 1,430 pharmaceutical and agricultural laboratories.
For more information, visit https://en.novogene.com/.
About LifeMap Sciences
LifeMap Sciences is a life sciences technology company that offers integrated, streamlined solutions that empower life scientists worldwide to conduct cutting-edge basic, clinical and applied biomedical research. LifeMap’s products are used in more than 3,000 institutions including academia, research hospitals, patent offices, and leading biopharma and diagnostic companies. Operations worldwide are carried out from our offices in California, Massachusetts, New Jersey, Tel Aviv, and Hong Kong. LifeMap is a subsidiary of AgeX Therapeutics, Inc.
For more information, please visit http://www.lifemapsc.com/.
About Shanghai Shanyi Biological technology
Shanghai Shanyi is a leading provider of molecular technology service and solutions, including NGS interpretation, variant validation services, DNA Extraction solutions, dedicated in improving the molecular medical service quality in China.
About AgeX Therapeutics
AgeX Therapeutics, Inc. (NYSE American: AGE) is focused on developing and commercializing innovative therapeutics for human aging. Its PureStem® and UniverCyte™ manufacturing and immunotolerance technologies are designed to work together to generate highly defined, universal, allogeneic, off-the-shelf pluripotent stem cell-derived young cells of any type for application in a whole host of diseases with a high unmet medical need. AgeX has two preclinical cell therapy programs: AGEX-VASC1 (vascular progenitor cells) for tissue ischemia and AGEX-BAT1 (brown fat cells) for Type II diabetes. AgeX’s revolutionary longevity platform named induced Tissue Regeneration (iTR™) aims to unlock cellular immortality and regenerative capacity to reverse age-related changes within tissues. AGEX-iTR1547 is an iTR-based formulation in preclinical development. HyStem® is AgeX’s delivery technology to stably engraft PureStem cell therapies and slowly release iTR molecules in the body. AgeX is aggressively developing its core product pipeline for use in the clinic to extend human healthspan, and is seeking opportunities to form licensing and partnership agreements around its broad IP estate and proprietary technology platforms for non-core clinical applications.
For more information, please visit www.agexinc.com or connect with the company on Twitter, Facebook and YouTube.
Forward-Looking Statements
Certain statements contained in this release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not historical fact including, but not limited to statements that contain words such as “will,” “believes,” “plans,” “anticipates,” “expects,” “estimates” should also be considered forward-looking statements. Forward-looking statements involve risks and uncertainties. Actual results may differ materially from the results anticipated in these forward-looking statements and as such should be evaluated together with the many uncertainties that affect the business of AgeX Therapeutics, Inc. and its subsidiaries, particularly those mentioned in the cautionary statements found in more detail in the “Risk Factors” section of AgeX’s Information Statement filed as an exhibit to its Registration Statement on Form 10 with the Securities and Exchange Commissions (copies of which may be obtained at www.sec.gov). Subsequent events and developments may cause these forward-looking statements to change. AgeX specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law.
Media Contact for AgeX:
Bill Douglass
Gotham Communications, LLC
bill@gothamcomm.com
(646) 504-0890
Newark, NJ, Jan. 10, 2019 — Rafael Pharmaceuticals, Inc., a leader in the growing field of cancer metabolism-based therapeutics, today announced that the European Medicines Agency (EMA) has granted orphan drug designation to devimistat (CPI-613®), the Company’s lead Altered Metabolism Directed (AMD) platform drug candidate, for the treatment of Metastatic Pancreatic Cancer.
Pancreatic cancer is a deadly disease, with a mortality rate of more than 95% within five years. Because pancreatic cancer does not present with recognizable symptoms in its early stages, most patients are diagnosed with advanced disease that affords limited treatment options. Chemotherapy is currently the only treatment option for metastatic pancreatic cancer. National Comprehensive Cancer Network (NCCN) treatment guidelines recommend FOLFIRINOX or gemcitabine plus nab-paclitaxel for first line treatments for patients who are healthy enough to tolerate them and who have a support system for these relatively aggressive medical therapies.
Devimistat is a first-in-class drug developed based on Rafael’s Altered Metabolism Directed (AMD) platform. Devimistat targets the altered regulation of metabolic processes specific to cancer cells. It is highly specific, simultaneously attacking multiple targets, minimally toxic and has broad spectrum activity across a wide variety of cancers. Devimistat is currently being evaluated in 7 trials as a single agent, as well as in combination with standard drug therapies for hematological malignancies and solid tumors. To date, over 300 subjects have received one or more doses of devimistat with encouraging response rates and durations of response in several tumor types. In pancreatic cancer, devimistat in combination with modified FOLFIRINOX exhibited an objective response rate of 61%, median overall survival of 19.9 months and median progression free survival of 9.9 months – all substantially higher than current therapy. Devimistat also exhibited a very good safety profile both as a single agent and in combination with other standard-of-care drugs. Devimistat has previously been granted orphan drug designation for pancreatic cancer, AML, MDS, peripheral T-cell lymphoma and Burkitt lymphoma by the US FDA.
Sanjeev Luther, Rafael Pharma’s President and Chief Executive Officer, said, “We are glad that devimistat has received orphan designation to treat this dreaded disease. Our motto ‘To Save A Life Is to Save a Universe’ illustrates our desire to develop treatments for patients with limited treatment options.”
Dr. Timothy Pardee, Chief Medical Officer of Rafael Pharmaceuticals, said, “The orphan drug designation given by the EMA is very encouraging and an important step in the development of devimistat for patients who suffer from this terrible disease.”
About Rafael Pharmaceuticals, Inc.
Rafael Pharmaceuticals, Inc. is a clinical-stage, metabolic oncology therapeutics company committed to the development and commercialization of therapies that exploit the metabolic differences between normal cells and cancer cells. Rafael’s primary objective is to develop innovative, highly selective, well tolerated and highly effective anti-cancer agents by selectively targeting altered metabolism in cancer cells. Rafael’s first-in-class clinical lead compound, devimistat, is being evaluated in multiple Phase I, I/II, and III clinical studies. Devimistat has been granted orphan drug designation for the treatment of pancreatic cancer, acute myeloid leukemia (AML), peripheral T-cell lymphoma (PTCL), Burkitt lymphoma and myelodysplastic syndromes (MDS) by the US FDA. The EMA has granted devimistat orphan drug designation for pancreatic cancer and AML. The Company’s investors include Rafael Holdings, Inc. (NYSE American: RFL). For more information, visit http://www.rafaelpharma.com/.
Safe Harbor Statement
This press release contains forward-looking statements. These statements relate to future events or the company’s future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential” or “continue”, the negative of such terms, or other comparable terminology. These statements are only predictions. Actual events or results may differ materially from those in the forward-looking statements as a result of various important factors. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the company, or any other person, that such forward-looking statements will be achieved. The business and operations of the company are subject to substantial risks which increase the uncertainty inherent in forward-looking statements. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements.
Contact
Sanjeev Luther
President & CEO Rafael Pharmaceuticals, Inc.
sanjeev.luther@rafaelpharma.com
Jacob Jonas
Public Relations, Rafael Pharmaceuticals, Inc.
jacob.jonas@rafaelpharma.com
FREMONT, Calif., Jan. 10, 2019 — Aehr Test Systems (NASDAQ: AEHR), a worldwide supplier of semiconductor test and burn-in equipment, today announced its new FOX-NP Test and Burn-in System for wafers, panels, singulated die and modules. The FOX-NP system is a new configuration within the Company’s FOX-PTM product family that is a low cost, small footprint entry-level system providing a configuration and price point for companies to do initial product development, product qualification and production. The FOX-NP System will begin volume shipments early in Aehr Test’s fiscal fourth quarter ending May 31, 2019. Aehr Test will showcase the new FOX-NP system in Booth 4046 at the SPIE Photonics West conference at the Moscone Convention Center in San Francisco February 2-7, 2019.
The FOX-NP system is 100% compatible with the FOX-XPTM Test and Burn-in System. It uses the same blades as the FOX-XP system and is configurable with up to two blades, versus the FOX-XP high-volume production system that can be configured with up to 18 blades.
Gayn Erickson, President and CEO of Aehr Test Systems, commented, “The FOX-NP system provides a configuration and price point for companies to do initial product qualification and New Product Introduction, enabling an easier transition to the FOX-XP system for full production test. Multiple FOX-NP systems enable customers to run many wafers, panels, modules or die in parallel at different temperatures and burn-in test conditions as part of their development and qualification process. This allows customers to quickly evaluate wafers fabricated at completely different process variations and to perform production screening and life test in parallel cost-effectively. Since each FOX-NP system has its own thermal control system, multiple small FOX-NP chambers provide multiple independent thermal temperature environments.
“We believe that the new FOX-NP system will significantly expand the market for our FOX-P products. We have worked with multiple customers to define this new FOX-NP system, and we have already received a commitment from multiple customers to use the system for test and burn-in of their devices. We expect an order imminently from a new customer to use the FOX-NP system for test and burn-in of silicon photonics devices. The FOX-NP system is affordable and low risk for smaller companies or new applications where the initial volumes are low. It also opens up a new application for reliability screening requiring different temperatures. Although the wafer sample size for reliability qualification may be low, there are many unique wafer types, so a customer may use many FOX-NP systems.
“The rapid growth of integrated optical devices in 3D sensing in mobile devices, the 5G communications infrastructure, high-performance servers and data centers, automotive safety and driver assistance applications, and now wearable biosensor markets, is driving a rapidly expanding base of customers providing products for these applications. We believe these new applications are driving an entirely new level of quality and reliability expectation for products for these applications and pose a significant long-term growth opportunity for Aehr Test,” Erickson concluded.
Aehr Test’s FOX-P platform is the company’s next-generation multi-wafer and singulated die/module test solution that is capable of functional test and burn-in/cycling of photonics devices, flash memories, microcontrollers, sensors, and other leading-edge ICs before they are assembled into single or multi-die stacked packages. The FOX-P wafer-level systems utilize Aehr Test’s FOX WaferPakTM contactors, which provide cost effective solutions for making electrical contact with a full wafer or substrate in a multi-wafer environment. The configuration with the DiePak® Carriers enables burn-in of singulated die and multi-die modules to screen for defects in both the die and the module assembly process. The resulting known-good die, single-die or stacked-die packaged parts can then be used for high reliability and quality applications such as enterprise solid state drives, automotive devices, highly valuable mobile applications, and mission critical integrated circuits and sensors.
The key features of the FOX-P platform that contribute to the cost-effectiveness of the solution include the ability to provide up to 2,048 “Universal Channels” per wafer or DiePak carrier, which allows the system to test all the devices on the wafer or DiePak carrier in parallel. The innovative “Universal Channel” architecture allows any channel to be any function (I/O, Device Power Supply (DPS) or Per-pin Precision Measurement Unit (PPMU)). This enhanced architecture now allows customers to perform per pin parametric testing, more extensive digital pattern test with deeper data stimulus / capture memory (32M per pin), and deeper scan (768M) optimized for BIST/DFT testing. A single FOX-XP test system may be configured with up to 18 blades of wafer test resources, enabling up to 18 wafers to be tested simultaneously. The footprint of the 18-wafer FOX-XP test system is similar to the footprint of typical semiconductor Automatic Test Equipment (ATE) that can only test one wafer at a time. The highly integrated 2-blade FOX-NP system has a very small footprint and is designed to be easily integrated into product design, reliability and test lab applications.
About Aehr Test Systems
Headquartered in Fremont, California, Aehr Test Systems is a worldwide provider of test systems for burning-in and testing logic, optical and memory integrated circuits and has over 2,500 systems installed worldwide. Increased quality and reliability needs of the Automotive and Mobility integrated circuit markets are driving additional test requirements, incremental capacity needs, and new opportunities for Aehr Test products in package, wafer level, and singulated die/module level test. Aehr Test has developed and introduced several innovative products, including the ABTS™ and FOX-P families of test and burn-in systems and FOX WaferPak Aligner, FOX WaferPak Contactor, FOX DiePak Carrier and FOX DiePak Loader. The ABTS system is used in production and qualification testing of packaged parts for both lower power and higher power logic devices as well as all common types of memory devices. The FOX-XP and FOX-NP systems are full wafer contact and singulated die/module test and burn-in systems used for burn-in and functional test of complex devices, such as leading-edge memories, digital signal processors, microprocessors, microcontrollers, systems-on-a-chip, and integrated optical devices. The WaferPak Contactor contains a unique full wafer probe card capable of testing wafers up to 300mm that enables IC manufacturers to perform test and burn-in of full wafers and panels on Aehr Test FOX systems. The DiePak Carrier is a reusable, temporary package that enables IC manufacturers to perform cost-effective final test and burn-in of both bare die and modules. For more information, please visit Aehr Test Systems’ website at www.aehr.com.
Safe Harbor Statement
This press release contains certain forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties. These statements are based on information available to Aehr Test as of the date hereof and actual results could differ materially from those stated or implied due to risks and uncertainties. Forward-looking statements include statements regarding Aehr Test’s expectations, beliefs, intentions or strategies regarding its products, including statements regarding future market opportunities and conditions, expected product shipment dates and customer orders or commitments. These risks and uncertainties include, without limitation, customer demand and acceptance of Aehr Test’s products, the ability of new products to meet customer needs or perform as described, as well as general market conditions and Aehr Test’s ability to execute on its business strategy. See Aehr Test’s recent 10-K, 10-Q and other reports from time to time filed with the Securities and Exchange Commission for a more detailed description of the risks facing Aehr Test’s business. Aehr Test disclaims any obligation to update information contained in any forward-looking statement to reflect events or circumstances occurring after the date of this press release.
| Contacts: |
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Aehr Test Systems
Carl Buck
V.P. of Marketing
(510) 623-9400 x381
cbuck@aehr.com |
MKR Group Inc.
Todd Kehrli or Jim Byers
Analyst/Investor Contact
(323) 468-2300
aehr@mkr-group.com |
Fusion of Indoor and Outdoor Location Data Intended to Enable School Officials to Locate Students and Staff, to Identify Trespassers, and to Communicate in Emergencies
PALO ALTO, Calif., Jan. 10, 2019 — Inpixon (Nasdaq: INPX), a leading indoor positioning and data analytics company, today reported that its Indoor Positioning Analytics (“IPA”) Sensor 4000SE has been selected to be used in connection with the development of a “Smart School” safety network solution intended to equip schools and campuses with situational awareness and communication technologies that can enhance safety to create a more optimal learning environment. Inpixon’s IPA will detect wireless signals emitted from student-worn, wrist-based devices and other wireless devices with GPS, cellular, Bluetooth and NFC technology on a school’s campus allowing it and potentially law enforcement to identify the location of individuals on school property. The solution will include an integrated notification system capable of disseminating messages relating to an impending or existing emergency.
“We are honored to have our IPA sensors selected as the future backbone of a system intended to protect and enhance the safety of students and education professionals,” said Nadir Ali, Inpixon CEO. “It’s essential that schools have the capability to know where people are, to see who’s there that’s not supposed to be, and to be able to communicate directly with everyone on school property.”
The Smart School solution will be able to identify the location of students, teachers, administrators and visitors within a facility and will send alerts to officials when it detects unknown wireless devices which may, for instance, indicate a trespasser. With the integrated notification system, immediate dissemination of messaging in the event of a possible or actual emergency or threat is possible.
“We believe the Smart School solution will be one of the first to market to seamlessly track a person’s location as they transition between indoor and outdoor,” noted Shirish Tangirala, Inpixon’s Chief Product Officer. “Outdoor positioning via GPS is offered by many providers. However, indoor positioning is much less common. Rarer still is the combination of indoor and outdoor positioning. We believe that the fusion of indoor and outdoor location data will have a significant impact.”
“We believe this solution, while designed specifically for schools, can also be leveraged by and of tremendous benefit to law enforcement and first responders when responding to incidents at schools that have this solution available by providing a systemized platform for location and communication,” added Mr. Ali. “We are delighted to be part of this wide-reaching business effort to bring smarter connectivity to our schools to better meet today’s unique safety challenges.”
About Inpixon
Inpixon (Nasdaq: INPX) is a leader in Indoor Positioning Analytics (IPA). Inpixon IPA Sensors are designed to find all accessible cellular, Wi-Fi, and Bluetooth devices anonymously. Paired with a high-performance data analytics platform, this technology delivers visibility, security, and business intelligence on any commercial or government location worldwide. Inpixon’s products and professional services group help customers take advantage of mobile, big data, analytics, and the Internet of Things (IoT) to uncover the untold stories of the indoors. For the latest insight on IPA, follow Inpixon on LinkedIn, @InpixonHQ on Twitter, and visit inpixon.com.
Safe Harbor Statement
All statements in this release that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of the control of Inpixon and its subsidiaries, which could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, the ability to incorporate the IPA Sensor 4000SE into the Smart Schools network, the planned installation of the Smart Schools network, the fluctuation of economic conditions, the performance of management and employees, Inpixon’s ability to obtain financing, competition, general economic conditions and other factors that are detailed in Inpixon’s periodic and current reports available for review at sec.gov. Furthermore, Inpixon operates in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements.
Contact
Inpixon Investor Relations:
CORE IR
Scott Arnold, Managing Director
+1 516-222-2560
www.coreir.com
Department of Defense Approves Precipio as a Vendor for its Liquid Biopsy Testing
NEW HAVEN, Conn., Jan. 10, 2019 — Specialty cancer diagnostics company Precipio, Inc. (NASDAQ: PRPO), today announced that it has been approved by the United States Department of Defense (DoD) as a domestic vendor within the Foundation for the Advancement of military medicine. Approval as a vendor will enable DoD funded medical centers to utilize Precipio ICE COLD-PCR (ICP) technology in mutation testing for both active duty as well as military veterans.
A hospital within the DoD evaluated several technologies including the competing Droplet Digital PCR (ddPCR), and ultimately decided that Precipio’s ICE-COLD PCR (ICP) enrichment technology for liquid biopsies was to be used at its facility. Precipio has received its first order, and anticipates delivery in January.
ICP Technology Compared to ddPCR
The DoD hospital recently compared Precipio’s ICP BRAF exon 15 enrichment assay (which included RT-PCR assays for V600E and V600K mutations), to the Droplet Digital PCR (ddPCR) BRAF exon 15 V600E assay. The comparison testing demonstrated that Precipio’s assay identified V600E mutations that were not detected by the ddPCR platform, and subsequently decided to incorporate Precipio’s technology as part of its liquid biopsy testing.
Both Precipio’s ICP BRAF exon 15 V600E mutation test, run on a RT-PCR platform, and ddPCR, can reach a limit of detection (LOD) or sensitivity of 0.1%; however, the two technologies differ in several key areas. The running costs of a ddPCR platform are more expensive; ddPCR also requires a higher quantity of starting DNA. According to recent literature1, ddPCR may be compromised by sub-sampling errors, and the few clinical targets that can be analyzed from limited input DNA. Additionally, operating a ddPCR system requires a more experienced lab technician than necessary to run ICP on a RT-PCR system. Labs looking for a cost effective V600E assay that does not require quantification may consider ICP mutation enrichment with RT-PCR for their single mutation liquid biopsy assays.
One DoD hospital has already placed an order for the BRAF V600E assay and anticipates launching the clinical assay broadly within its network. The hospital also expects to expand its menu of liquid biopsy assays they offer with ICP in the coming quarters.
“We are extremely pleased with the results of the head to head comparison of our ICP BRAF exon 15 assay, and the equivalent assay using a ddPCR platform, demonstrating the value of ICP,” stated Stephen Miller, Precipio’s Chief Commercial Officer. “We look forward to working closely with the Department of Defense to expand their liquid biopsy testing menu for the benefit of the health of our active military and the rest of the DoD employees,” concluded Mr. Miller.
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1 https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6310690/
About Precipio
Precipio has built a platform designed to eradicate the problem of misdiagnosis by harnessing the intellect, expertise and technology developed within academic institutions and delivering quality diagnostic information to physicians and their patients worldwide. Through its collaborations with world-class academic institutions specializing in cancer research, diagnostics and treatment such as the Yale School of Medicine and Harvard’s Dana-Farber Cancer Institute, Precipio offers a new standard of diagnostic accuracy enabling the highest level of patient care. For more information, please visit www.precipiodx.com.
Forward-Looking Statements
Certain statements in this press release constitute “forward-looking statements,” within the meaning of federal securities laws, including statements related to ICP technology, including financial projections related thereto and potential market opportunity, plans and prospects and other statements containing the words “anticipate,” “intend,” “may,” “plan,” “predict,” “will,” “would,” “could,” “should,” and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Factors that could cause future results to materially differ from the recent results or those projected in forward-looking statements include the known risks, uncertainties and other factors described in the Company’s definitive proxy statement filed on May 29, 2018, the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2018 and on the Annual Report on Form 10-K for the year ended December 31, 2017 as well as the Company’s prior filings and from time to time in the Company’s subsequent filings with the Securities and Exchange Commission. Any change in such factors, risks and uncertainties may cause the actual results, events and performance to differ materially from those referred to in such statements. All information in this press release is as of the date of the release and the Company does not undertake any duty to update this information, including any forward-looking statements, unless required by law.
Inquiries:
investors@precipiodx.com
+1-203-787-7888
