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LOS ANGELES, June 27, 2018 — via NetworkWire – NUGL Inc. (OTC:NUGL) (the “Company”), the cannabis industry’s new standard of technology, today announces the release of its Apple and Android apps in Google Play and iTunes Stores.
Built as a web application, NUGL is a software application that acts and works like an app on any device. NUGL’s database includes listings for dispensaries, strains, doctors, lawyers, service professionals, vape shops, hydro stores and brands. The company focuses on leading the evolution in business relations, development and organic data in the cannabis industry with metasearch technology.
“Our web app is 100 percent responsive to any device and performs just as an app would on a phone, tablet or computer in all internet browsers,” Jeff Odle, CTO of NUGL, said. “Most users are on their phones, so we built software that works on a phone whether you download the app or use your phone’s browser.”
NUGL recently presented the application at the Southern California Business and Investment Group (“SCCBIG”), receiving positive feedback. NUGL has developed technology that is needed and relevant in the industry by listening to the Company’s user base, Odle said. NUGL’s team is committed to providing what users are asking for, which includes a ratings platform that allows for enhanced reviews that are transparent, customized, organic and unbiased. The software’s rating platform also provides invaluable feedback to shops and professional services.
“I am proud to have NUGL present to the group,” James Jordan, president and founder of SCCBIG, said. “We are speaking about start-ups and NUGL offers marketing and distribution features that every cannabis start-up needs.”
NUGL is on track to become a major asset for the global cannabis industry and related services sectors. NUGL is the new standard in cannabis technology, serving as both a networking platform for all types of cannabis companies and as a directory that allows users to search profiles ranging from real estate agents to specific cannabis brands. NUGL is carving out a niche, serving international markets with a cutting-edge technology that provides a much-needed service in the cannabis industry.
About NUGL
NUGL is the world’s first cannabis search app built for the people, by the people. NUGL’s goal is to build the most user-friendly app experience in the cannabis industry by listening to its users and giving them what they want. NUGL is the only cannabis search app that offers equal and unbiased search results. NUGL does not sell top-spot listings or fake reviews, which means data stays true. Use NUGL to search for genuine user-rated dispensaries, strains, doctors, lawyers, cannabis service providers, vape shops, hydro stores, brands and more.
For more information and updates, visit one of the links below.
Website: http://www.nugl.com/
Facebook: https://www.facebook.com/justnuglit/
Instagram: https://www.instagram.com/justnuglit/
Twitter: https://twitter.com/JustNUGLit
Forward-Looking Statements
Certain statements in this press release may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses or net earnings; projections of growth; and assumptions relating to the foregoing. Such forward-looking statements are generally qualified by terms such as: “plans”, “anticipates,” “expects,” “believes” or similar words of like kind. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information. These factors are discussed in greater detail in the company’s business plan and filings with the OTC Markets Group.
Contact Information:
Website: www.nugl.com
Email: info@nugl.com
Phone: (714) 383-9982
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NEW YORK, June 28, 2018 — NetworkNewsAudio, via NetworkNewsWire (“NNW”), a multifaceted financial news and publishing company that delivers a new generation of social communication solutions for business, today announces the online availability of its interview with Net Element, Inc. (NASDAQ:NETE), a client of NNW and global technology and value-added solutions group.
The interview can be heard at http://nnw.fm/547Sh
NNW’s Stuart Smith introduces Net Element’s CEO Oleg Firer in an interview that provides insight into the company’s business model and international financial technology (fintech) payment solutions.
With a leadership team boasting extensive experience in the payments industry, Net Element is focused on providing global payment processing services and value-added solutions. Specifically, the company offers point-of-sale solutions (“POS”) that enable retail or ecommerce merchants to accept cashless payments from consumers.
Net Element’s solutions are geared to take advantage of opportunity in the business-to-business (“B2B”) sector, which is growing at a rapid clip and dwarfing the business-to-consumer (“B2C”) industry. Global B2B sales are estimated at $7.7 trillion compared to the $2.3 trillion B2C market. Net Element’s Aptito platform enables streamlined payment processing at the POS, enabling merchants to drive more business through its marketing tools and to offer a variety of payment alternatives.
In addition to its Aptito offering, the Net Element product line provides a variety of next-generation solutions, including a U.S. merchant payment acceptance platform, an international ecommerce platform that enables online payment acceptance and hundreds of payment methods in numerous countries across the globe, and many more. According to Firer, Net Element’s complete line of products and service offerings are designed “to streamline payments at the point of sale and increase revenues for the merchants internationally.”
Throughout the remainder of 2018 and moving forward, Net Element is focused on increasing profitability. With a strong track record in this area, having increased Net Element revenues to $60 million in under three years, the company aims to continue to drive revenue and business growth without increasing overhead. Net Element processes transactions in over 50 countries, and in 2017 completed $2.8 billion in over 150 million transactions, coming “close to the $3 billion mark. That is a number that’s continuously scaling,” indicates Firer, attributing continued growth to the company’s solutions and international reach.
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 through its suite of proprietary solutions – including Aptito, Digital Provider, Payonline, Unified mPOS and Netevia – designed to streamline payments at the point of sale. 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.
For more information, visit the company’s website at https://www.NetElement.com
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About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, please visit https://www.NetworkNewsWire.com.
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer.
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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NEW YORK, June 28, 2018 — NetworkNewsAudio, via NetworkNewsWire (“NNW”), a multifaceted financial news and publishing company that delivers a new generation of social communication solutions for business, today announces the online availability of its interview with Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) (TASE:FRSX), a client of NNW engaged in the design, development and commercialization of stereo/quad-camera vision systems and V2X cellular-based solutions for the automotive industry.
The interview can be heard at http://nnw.fm/d6IFD.
NNW’s Stuart Smith introduces Foresight’s VP of Business Development Doron Cohadier to an interview that highlights the company’s unique business model, products and solutions that are designed to drive the future in the assisted and semi and fully-autonomous vehicle industry.
The interview begins with an introduction of FRSX as a holding company, composed of three pillars. Foresight Automotive Ltd. (“Foresight”), FRSX’s wholly owned subsidiary, is developing advanced accident prevention solutions based on vision systems and stereoscopic technology. The second pillar, Eye-Net™, is developing cellular-based vehicle-to-anything (V2X) solutions. FRSX also holds 32-percent equity of RailVision, which is developing advanced systems for railway safety, security and maintenance based on vision systems.
Foresight’s solutions are unique collision prevention systems based-on vision capabilities, as well as patented stereoscopic technology that has been deployed in critical facilities in the field of homeland security for almost the last two decades. The team is leveraging this powerful technology to create advanced systems within the automotive arena. Foresight has secured early investment interest from the automotive industry by demonstrating the advanced performance of its technology.
Foresight has developed three main products. Eyes-On™ is an Advanced Driver Assistance System (ADAS) solution that utilizes two visible-light cameras and stereoscopic technology that is aimed as a warning or intervening system for the OEM market or as a retrofit system for vehicles not equipped with an OEM-ADAS system. QuadSight™ is a multispectral vision system that includes the same advanced vision system leveraged with Eyes-On but also incorporates addition of two infrared cameras and stereoscopic technology. The main difference in the QuadSight system is that it provides powerful sensory capability for all weather and lighting conditions. The very unique product is designed to address the industry’s largest challenge of dealing with extreme weather scenarios. Thirdly, the company’s complimentary product, Eye-Net™, is a cellular V2X solution that provides full capabilities of handling non-line-of-sight scenarios where sensory response technology may be coupled with vision capabilities for added safety.
The company is led by a strong team with extensive combined experience in business operations, development, marketing, finance, technology, project, supply chain and global management across multiple industries. The team also leverages expertise in multi-disciplinary fields of electro-optical systems, image processing and 3D reconstruction.
Foresight accomplished many milestones throughout 2017, including the successful launch of seven pilot programs with leading OEMs in both the Far East and Europe to demonstrate capabilities of the Eyes-On system. The company also completed development of a real-time Eyes-On prototype that garnered substantial fundraising, mid-2017 listing on NASDAQ, as well as successful launch of the company’s flagship product, QuadSight, at the CES show in January 2018. The product gained worldwide attention, bringing unique capabilities in the world of vision. Finally, RailVision achieved successful pilots with leading European rail operators.
Looking into the remainder of 2018 and moving forward, the company will focus on QuadSight and the sale of evaluation kits that Cohadier indicates, “will allow us, at an early stage, to be in connection with various key stakeholders in the automotive industry.” Through these early connections, the company aims to establish mutual cooperation with key industry clients. Additional goals for Foresight include expansion of business activity across its entire product line, acceleration of research and development efforts, as well as completion of a planned spinoff and merger of Eye-Net to a separate publicly traded company.
In highlighting the unique needs of the market based on Foresight’s expertise as well as many discussions with automotive vehicle manufacturers, multiple winning technologies will be incorporated in the future of autonomous driving. However, Cohadier indicated that one feature stands out, stating, “Vision will always be needed” in order to identify traffic lanes, signs, lights, other vehicles, etc. Foresight understands the value of vision in its products and its focus, as Cohadier states, is “to provide the market with the best vision systems, not only for fully-autonomous but for ADAS and semi-autonomous” sectors of the industry.
About Foresight
Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), founded in 2015, is a technology company engaged in the design, development and commercialization of stereo/quad-camera vision systems and V2X cellular-based solutions for the automotive industry. Foresight’s vision systems are based on 3D video analysis, advanced algorithms for image processing and sensor fusion. The company, through its wholly owned subsidiary Foresight Automotive Ltd., develops advanced systems for accident prevention which are designed to provide real-time information about the vehicle’s surroundings while in motion. The systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. The company’s systems are targeting the Advanced Driver Assistance Systems (ADAS), semi-autonomous and autonomous vehicle markets. The company predicts that its systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform and advanced technology.
For more information, visit the company’s website at http://www.ForesightAuto.com
About NetworkNewsAudio
NetworkNewsAudio, a service of NetworkNewsWire (NNW), allows you to sit back and listen to market updates, interviews and company press releases. NetworkNewsAudio keeps you informed on publicly traded companies we’re watching. The audio clips provide snapshots of position, opportunity and momentum. NetworkNewsAudio is a Brand Awareness Distribution Solution from NetworkNewsWire.
For more information, visit: http://www.NetworkNewsAudio.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. For more information, please visit https://www.NetworkNewsWire.com.
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer.
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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- Equity swap further boosts Pressure BioSciences’ plans to uplist to a major stock exchange later this year
- Latest deal brings total debt-to-equity conversions to over $13.6M in past 30 days
- 2015/2016 debentures, line-of-credit and promissory note, plus various short-term debt, now converted to equity
- Company’s recently acquired Pre-EMT™ platform, allowing for improved protein-based drug development, has significant market potential and adds to a string of technological developments
Pressure BioSciences Inc.’s (OTCQB: PBIO) ambitions to achieve listing on a major stock exchange this year have taken another major step forward as yet another group of debt holders have agreed to a debt-to-equity swap, this time amounting to $7.24 million, representing a strong message of investor support. The total amount of debt that has been converted to equity is now over $13.6 million, all in just the past four weeks (http://nnw.fm/y5V2d).
In a news release, Joseph L. Damasio, the company’s VP of finance and CFO, said, “With today’s announced conversion of an additional $7.24M of debt to equity, total loan debt has been reduced from approximately $16.6M to approximately $3.0M, an amount that we believe is manageable by PBI. We are continuing to talk to the remaining debt holders and have reason to believe that several more may follow the lead of the approximate 40+ debt holders who have converted their debt into equity over the past 30 days. If they do, we believe the amount of loan debt on our Balance Sheet could decrease by an additional 10-20%.”
Jeffrey N. Peterson, chairman of the board of directors, added, “We believe PBI’s recent accomplishments, when combined with the conversion of the majority of our loan debt into equity, will materially enhance our stated objective of uplisting to a national exchange (NASDAQ, NYSE/Amex) later in 2018, which should result in a more stable, attractive, and valuable company for all shareholders.”
This announcement follows a long list of positive news for the company, including first quarter revenue growth and the agreement of an earlier $6.39 million debt-to-equity swap with the company’s 2015/2016 Convertible Debenture Holders, made public on May 18, 2018 (http://nnw.fm/qNy6T).
Pressure BioSciences develops and produces life sciences laboratory tools based on its pioneering Pressure Cycling Technology (PCT). This patented technology is a powerful instrument that enables scientists to prepare biological samples for use in a wide range of fields, including biomarker discovery, pathology, forensics and agriculture.
The company’s PCT systems, including instruments and related consumables, are in use throughout the U.S., Canada, Europe, Australia, Japan and China, with 300 systems set up in more than 150 labs. The PCT system boasts a number of advantages over other methods, including better DNA detection and improved extraction of cell membrane and other proteins.
Pressure BioSciences is also in collaboration with Phasex Corporation to create water-soluble nanoemulsions, which could have wide-ranging uses in pharmaceutical research and development, cosmetics, food production and various industrial applications (http://nnw.fm/jQ1Du).
Phasex develops separation processes for extracting various compounds, natural extracts and chemicals using its supercritical fluid (SCF)-based toll processors. By combining Phasex’s extraction methods and PBI’s Ultra Shear Technology (UST) – an innovative technique based on the use of intense shear forces generated by ultra-high pressure – the companies expects to develop stable nanoemulsions that will be of significant commercial interest.
Emulsification refers to the process by which liquids that cannot ordinarily be blended together are held in a mixture, usually with the addition of another chemical, known as a surfactant or an emulsifier. Nanoemulsions allow extremely tiny droplets of one liquid to be mixed with another. Because the droplets are so small, nanoemulsions allow a larger amount of so-called “hydrophobic” liquids to be mixed with water. When used in medicine, this could mean that the nanoparticles are more readily absorbed into the body, resulting in treatments that are more effective. The applications extend beyond medicine to a number of other industries.
With its Ultra Shear Technology, Pressure BioSciences can reduce the need to add surfactants while creating nanoemulsions, which should lead to a purer compound with fewer additives and greater stability.
The company is also optimistic about the market potential of yet another one of its groundbreaking technologies: the Pre-EMT™ platform, which helps pharmaceutical companies create protein-based medicines, and it has already attracted interest from the pharmaceutical industry. Pressure BioSciences acquired Pre-EMT™ when it recently bought all of the assets of BaroFold, Inc., the previous owners of the technology.
Since the acquisition, Pressure BioSciences has entered into a contract with a drug company interested in using Pre-EMT™ to develop protein-based therapeutics, and more deals are in the pipeline (http://nnw.fm/4Lkrx).
For more information, visit the company’s website at www.PressureBioSciences.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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Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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TORONTO, June 27, 2018 — The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (OTCQX:TGODF) is pleased to announce it has signed a letter of intent (“LOI”) for a 50/50 joint venture (“JV”) with Queen Genetics/Knud Jepsen A/S (“Knud Jepsen”) based in Hinnerup, Denmark. The JV will initially consist of 200,000 sq. ft. located within Knud Jepsen’s 1.3 million sq. ft. state-of-the-art automated greenhouses in Denmark. The approximately 200,000 square feet of advanced buildings to be dedicated to the JV were designed and engineered by Thomas Larssen of Aurora Larssen Projects Inc. and will provide an opportunity for TGOD to increase its total organic funded capacity by approximately 25,000 kgs. This will provide a consistent supply of high-quality organic cannabis grown in Europe, ready for the local European markets and increases TGOD’s funded capacity to 195,000 kgs.
The JV will focus on the cultivation of premium organic cannabis and primary extraction following TGOD’s organic growing protocols and using Knud Jepsen’s years of advanced R&D directed towards plant genetics and breeding, including many patented discoveries that could be applied towards the cultivation of premium organic medicinal cannabis. TGOD will have the exclusive right to all cannabis-related production at the JV through a guaranteed offtake agreement at a pre-determined value over the production cost to the JV.
Founded in 1939, Knud Jepsen has more than 75 years of experience in all areas of horticulture ranging from genetics and breeding to international partnerships and setting-up global distribution networks. Knud Jepsen is the world’s largest Kalanchoes breeder and producer distributing and selling more than 35 million finished plants in Europe and 90 million cuttings to over 75 countries each year. Over 425 people are employed by Knud Jepsen within their global operations which in addition to Denmark include an 880,000 sq. ft. flower and young plant production facility in Turkey, and a 700,000 sq. ft. facility in Vietnam specializing in producing cuttings belonging to the Queen® Genetic assortment.
A strong focus on R&D has been at the core of Knud Jepsen’s operations since inception with special attention paid to genetic stock development and novel trait identification with a goal to create plants that have consistent regulated heights, are more compact, have stronger cell walls, are more resistant to disease, and have increased secondary metabolite production. In a testament to their award-winning team, each year between 20-30 new novel traits are introduced, and a partnership with The University of Copenhagen has yielded several registered patents related to their team’s advanced research around Natural Transformance. Environmental sustainability and energy conservation has also been a core principal of Knud Jepsen where the drive to save energy and reduce power costs within their Denmark operations has led to integrated grid planning in an effort to reduce the overall blended rate of energy through the use of a 6MW natural gas co-generation facility, the extraction of solar energy through heat pumps, the integration of waste-based district heating through a direct pipeline from a biomass waste plant for low-cost heating, as well as planning of energy usage and storage based on production planning and the incorporation of weather forecasts into AI-type energy consumption planning.
“Europe, being home to 750 million people, is a key market, and Knud Jepsen has nearly 3 million sq. ft. of horticultural operations, 75 years of operating experience and a significant focus on R&D providing an incredible platform for TGOD to enter the European market,” said Csaba Reider, the Company’s President. “These first two facilities are simply the first step in our business plan to enter Europe at scale. We look forward to completing our final agreement in the coming weeks,” continued Mr. Reider.
”We are very excited about entering the European market as the leader of international organic cultivation,” said Robert Anderson, TGOD’s CEO. “Organic is one of our key differentiators, and when creating a catalog of higher margin products across varying delivery methods, organic inputs make a significant difference in the end product. This JV establishes TGOD’s product across Europe and increases our funded capacity to 195,000 kgs. This represents another significant step forward as we create the largest organic cannabis brand in the world,” Anderson continued.
“We are excited to partner with TGOD, the global leader in organic cannabis, to launch our company’s cannabis division,” stated Frands Jepsen, Knud Jepsen’s CEO. “This is a symbiotic relationship in which TGOD can leverage our global footprint, 450+ employees, and 75+ years’ operating experience and we can leverage TGOD’s organic cannabis brand, cultivation experience, and proven management team to enter the European cannabis market quickly, and at scale.”
Closing of the transaction is subject to customary conditions, including the signing of definitive documents, completion of satisfactory due diligence, and applicable regulatory approvals.
ABOUT THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD.
The Green Organic Dutchman Holdings Ltd. is a research & development company licensed under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”) to cultivate medical cannabis. The Company carries out its principal activities producing cannabis from its facilities in Ancaster, Ont., pursuant to the provisions of the ACMPR and the Controlled Drugs and Substances Act (Canada) and its regulations.
The Company grows high quality, organic cannabis with sustainable, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a funded capacity of 170,000 kg of cultivation facilities in Ontario and 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.
CONTACT INFORMATION
Investor Relations
Email: invest@tgod.ca
Phone: 1 (416) 900-7621
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 recreational cannabis and cannabis-infused products in Canada, statements about future research, development and innovation by the Company, statements about the offering of any particular products by the Company in any particular territory and statements regarding the future performance of the Company. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
Neither 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.
- Major carriers preparing to roll out 5G wireless upgrades in the coming months
- Hammer Fiber Optics Holdings technology suited to sustain telecommunications needs of Tier 2, Tier 3 communities
- 1stPoint Communications acquisition creates triple play, mobile-to-mobile opportunities
As the world prepares for next-generation 5G wireless cell service (http://nnw.fm/6IhoT), telecommunications company Hammer Fiber Optics Holdings Corp. (OTCQB: HMMR) is building its efforts to grow its New Jersey, New York and Pennsylvania base of operations into a national program that will provide service on a neighborhood-access basis. The company is aligning itself with like-minded businesses as it works to deliver low-cost, high-capacity broadband to phone, Internet and television service markets across the country.
The company plans to begin live field testing of its new “pre-5G” system this year to coincide with the earliest rollout of the transformational 5G technology in select parts of the United States, with commercial service to follow in the coming months. The 5G technology will enable far faster data transmission and buffering than 4G LTE as consumers worldwide upgrade mobile-access devices and local governments move to smaller, shorter-range signal distribution systems (http://nnw.fm/t6g1H).
Hammer Fiber Optics Holdings, doing business as Hammer Communications, recently launched its 5G-ready Hammer Wireless AIR point-to-multipoint system to increase the options available to customers and to improve service in rural areas. The May 17 announcement of its Mobile Network Services Provider program in tandem with 1stPoint Communications will allow phone-Internet-TV triple play services as well as Smart City and mobile-to-mobile capabilities on the same network platform with an “everything wireless” philosophy for geographical regions (http://nnw.fm/ak9cK). Wireless networks are driving the transformation of the overall telecommunications industry as services continue to converge under one platform, with cable TV operators entering wireless network agreements through incumbent carriers, telecom operators entering pay-TV streaming services and a wide array of corporations making big-ticket acquisitions that create media powerhouses (http://nnw.fm/RW6fJ).
“This is the beginning of the transformation of Hammer Communications,” Mark Stogdill, Hammer’s founder, stated in the news release announcing the MNSP program. “The Air system is capable of supporting not only a residential access network, but can empower carriers, municipalities and customers to deploy a variety of applications through our network.”
Kristen Vasicek, the director of marketing for 1stPoint, added, “Following on Hammer’s successful deployment in Atlantic County (New Jersey) we have the template for the deployment anywhere nationwide or even globally.”
NetworkNewsWire, a multifaceted financial news and publishing company, published an editorial on the company May 24 that comments, “Hammer’s AIR System is now looking to many industry analysts like it may be the ideal solution for everything from bridging the digital divide in underserved rural communities to addressing increasingly abundant data roaming opportunities and M2M concerns. This innovative, patented technology represents what could be a major advantage for the company, as no one in the industry today offers what Hammer is already doing” (http://nnw.fm/Vb9UD).
Hammer’s proposed acquisition of 1stPoint and its subsidiaries would give the company the benefit of exclusive rights to the patented AIR wireless technology as well as to 1stPoint’s switching technology, its underlying competitive local exchange carriers (CLECs) and its Commercial Mobile Radio Services operator.
The advent of fixed wireless technology continues breeding new technologies in the internet of things industry, and the entry of 5G speeds is expected to sustain advances for self-driving cars, smart homes and increasingly sophisticated robots. For now, Hammer’s primary excitement centers around its potential to boost services in smaller Tier 2 and Tier 3 markets where competitive-cost service diversity may not exist.
For information about Hammer Fiber Optics Holdings, visit the company’s website at www.HammerCorp.info.
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LOS ANGELES, June 27, 2018 — via NetworkWire – NUGL Inc. (OTC:NUGL) (the “Company”), the cannabis industry’s new standard of technology, today announces the release of its Apple and Android apps in Google Play and iTunes Stores.
Built as a web application, NUGL is a software application that acts and works like an app on any device. NUGL’s database includes listings for dispensaries, strains, doctors, lawyers, service professionals, vape shops, hydro stores and brands. The company focuses on leading the evolution in business relations, development and organic data in the cannabis industry with metasearch technology.
“Our web app is 100 percent responsive to any device and performs just as an app would on a phone, tablet or computer in all internet browsers,” Jeff Odle, CTO of NUGL, said. “Most users are on their phones, so we built software that works on a phone whether you download the app or use your phone’s browser.”
NUGL recently presented the application at the Southern California Business and Investment Group (“SCCBIG”), receiving positive feedback. NUGL has developed technology that is needed and relevant in the industry by listening to the Company’s user base, Odle said. NUGL’s team is committed to providing what users are asking for, which includes a ratings platform that allows for enhanced reviews that are transparent, customized, organic and unbiased. The software’s rating platform also provides invaluable feedback to shops and professional services.
“I am proud to have NUGL present to the group,” James Jordan, president and founder of SCCBIG, said. “We are speaking about start-ups and NUGL offers marketing and distribution features that every cannabis start-up needs.”
NUGL is on track to become a major asset for the global cannabis industry and related services sectors. NUGL is the new standard in cannabis technology, serving as both a networking platform for all types of cannabis companies and as a directory that allows users to search profiles ranging from real estate agents to specific cannabis brands. NUGL is carving out a niche, serving international markets with a cutting-edge technology that provides a much-needed service in the cannabis industry.
About NUGL
NUGL is the world’s first cannabis search app built for the people, by the people. NUGL’s goal is to build the most user-friendly app experience in the cannabis industry by listening to its users and giving them what they want. NUGL is the only cannabis search app that offers equal and unbiased search results. NUGL does not sell top-spot listings or fake reviews, which means data stays true. Use NUGL to search for genuine user-rated dispensaries, strains, doctors, lawyers, cannabis service providers, vape shops, hydro stores, brands and more.
For more information and updates, visit one of the links below.
Website: http://www.nugl.com/
Facebook: https://www.facebook.com/justnuglit/
Instagram: https://www.instagram.com/justnuglit/
Twitter: https://twitter.com/JustNUGLit
Forward-Looking Statements
Certain statements in this press release may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses or net earnings; projections of growth; and assumptions relating to the foregoing. Such forward-looking statements are generally qualified by terms such as: “plans”, “anticipates,” “expects,” “believes” or similar words of like kind. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information. These factors are discussed in greater detail in the company’s business plan and filings with the OTC Markets Group.
Contact Information:
Website: www.nugl.com
Email: info@nugl.com
Phone: (714) 383-9982
Corporate Communications Contact:
NetworkNewsWire (NNW)
New York, New York
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Editor@NetworkNewsWire.com
TSR, Inc. (Nasdaq:TSRI) (“TSR” or the “Company”) announced today that on June 25, 2018, the Company received a letter from James Hughes on behalf of Joseph F. Hughes and Winifred M. Hughes, in which Joseph F. Hughes and Winifred M. Hughes requested that the Company’s Board of Directors pursue a sale of the Company. Joseph F. Hughes is the former Chairman and Chief Executive Officer of the Company, and he and Mrs. Hughes together own a total of 819,000 shares of the Company’s common stock, which represents approximately 41.8% of the Company’s issued and outstanding common stock. The Company has provided a copy of the letter to the members of its Board of Directors for review.
Contacts
TSR, Inc.
John Sharkey, 631-231-0333
Aurora Cannabis Inc. (“Aurora” or the “Company”) (TSX: ACB) (OTCQB: ACBFF) (Frankfurt: 21P); (WKN: A1C4WM) announced today that it has agreed to a new $200 million debt facility, with a potential upsize to $250 million, with the Bank of Montreal (“BMO”).
The facility will consist of a $150 million term loan and a $50 million revolving credit facility (together, the “Loans”), both of which will mature in 2021. A short period after the implementation of Bill C-45 in October 2018, the Company may request an increase of up to a further $45 million to the term loan subject to agreement by BMO and satisfaction of certain legal and business conditions. BMO will also be providing up to $5 million in other credit instruments. Closing of the debt facility is subject to completion of final due diligence, negotiation of definitive documentation, and satisfaction of conditions precedent customary to a financing of this nature.
The debt facility will be primarily secured by Aurora’s production facilities, including Aurora Sky, Aurora Mountain, and Aurora Vie. Strategically located at Edmonton International Airport, Aurora Sky is the world’s most technologically advanced cannabis facility, projected to produce in excess of 100,000 kg per year of high-quality cannabis at low per gram costs, and slated to deliver its first harvest this week.
“Having successfully met all of BMO’s stringent risk assessment and other due diligence criteria to establish this facility reflects well on the maturity, progress and prospects of Aurora, as well as the quality and economic value of our production facilities,” said Terry Booth, CEO. “This is by far the largest traditional debt facility in the cannabis industry to date. The funds provide us additional fuel to complement our end-to-end portfolio of vertically integrated, geographically and horizontally diversified assets, aimed at building a pre-eminent global cannabis company with a superior margin profile.”
Glen Ibbott, CFO of Aurora, added, “The shift to traditional debt financing is significant. Our cost of capital continues to decrease, providing us a distinct competitive advantage as we execute on our growth strategy. The non-dilutive nature and attractive pricing are consistent with Aurora’s commitment to generating shareholder value. We believe this is a major milestone in the cannabis industry and a validation of our operational effectiveness. It also marks an exciting new stage of our long-term relationship with BMO, a Tier 1 bank with a sterling domestic and international reputation.”
The Loans can be repaid without penalty at Aurora’s discretion. The pricing of the Loans is a set margin over the BMO CAD Prime Rate or a Bankers’ Acceptance of appropriate term. Based on the current BMO CAD Prime Rate, the interest payable is expected to be in the mid to high 4% per annum range over the term of the Loans.
More details on this new sector benchmark debt facility can be found in the Company’s documents once filed on http://www.sedar.com.
About Aurora
Headquartered in Edmonton, Alberta, with funded capacity in excess of 430,000 kg per year and operations across Canada and in Europe, Aurora is one of the world’s largest cannabis companies. The Company is vertically integrated and horizontally diversified across every key segment of the value chain, from facility design and engineering, to cannabis breeding and genetics research, cannabis and hemp production, extraction and high value-add product development, home cultivation and wholesale and retail distribution.
Highly differentiated from its peers, Aurora has established a uniquely advanced, consistent and efficient production strategy, based on purpose-built facilities that integrate leading-edge technologies across all processes. Intended to be replicable and scalable globally, these production facilities are designed to produce cannabis on a massive scale, with high flower quality, industry-leading yields, and ultra-low per gram production costs. Each of the Company’s facilities is built to meet European Union (EU) GMP standards, and both its first production facility and its wholly owned European medical cannabis distributor Pedanios have achieved that level of certification.
In addition to its rapid organic growth and strategic M&A, which to date includes nine companies acquired, Aurora is distinguished by its reputation as a partner of choice in the cannabis sector, having invested in and established strategic partnerships with a range of leading innovators, including: The Green Organic Dutchman Holdings Ltd. (TSX: TGOD), Radient Technologies Inc. (TSXV: RTI), Hempco Food and Fiber Inc. (TSXV: HEMP), Cann Group Ltd. (ASX: CAN), Micron Waste Technologies Inc. (CSE: MWM), Choom Holdings Inc. (CSE: CHOO), Namaste Technologies Inc. (TSXV: N), and Alcanna Inc. (TSX: CLIQ).
Aurora’s Common Shares trade on the TSX under the symbol “ACB”, and are a constituent of the S&P/TSX Composite Index.
For more information about Aurora, please visit our investor website https://investor.auroramj.com.
Forward looking statements
This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”). 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) accepts responsibility for the adequacy or accuracy of this release.
Terry Booth, CEO
Aurora Cannabis Inc.
Marc Lakmaaker
+1-647-269-5523
marc.lakmaaker@auroramj.com
http://www.auroramj.com
Rob Kelly
+1-647-331-7228
rob.kelly@auroramj.com
http://www.auroramj.com
U.S. investors:
Phil Carlson / Elizabeth Barker
KCSA Strategic Communications
Phone: (212)-896-1233 / (212)-896-1203,
Email: pcarlson@kcsa.com / ebarker@kcsa.com
June 26, 2018
- Major carriers preparing to roll out 5G wireless upgrades in the coming months
- Hammer Fiber Optics Holdings technology suited to sustain telecommunications needs of Tier 2, Tier 3 communities
- 1stPoint Communications acquisition creates triple play, mobile-to-mobile opportunities
As the world prepares for next-generation 5G wireless cell service (http://nnw.fm/6IhoT), telecommunications company Hammer Fiber Optics Holdings Corp. (OTCQB: HMMR) is building its efforts to grow its New Jersey, New York and Pennsylvania base of operations into a national program that will provide service on a neighborhood-access basis. The company is aligning itself with like-minded businesses as it works to deliver low-cost, high-capacity broadband to phone, Internet and television service markets across the country.
The company plans to begin live field testing of its new “pre-5G” system this year to coincide with the earliest rollout of the transformational 5G technology in select parts of the United States, with commercial service to follow in the coming months. The 5G technology will enable far faster data transmission and buffering than 4G LTE as consumers worldwide upgrade mobile-access devices and local governments move to smaller, shorter-range signal distribution systems (http://nnw.fm/t6g1H).
Hammer Fiber Optics Holdings, doing business as Hammer Communications, recently launched its 5G-ready Hammer Wireless AIR point-to-multipoint system to increase the options available to customers and to improve service in rural areas. The May 17 announcement of its Mobile Network Services Provider program in tandem with 1stPoint Communications will allow phone-Internet-TV triple play services as well as Smart City and mobile-to-mobile capabilities on the same network platform with an “everything wireless” philosophy for geographical regions (http://nnw.fm/ak9cK). Wireless networks are driving the transformation of the overall telecommunications industry as services continue to converge under one platform, with cable TV operators entering wireless network agreements through incumbent carriers, telecom operators entering pay-TV streaming services and a wide array of corporations making big-ticket acquisitions that create media powerhouses (http://nnw.fm/RW6fJ).
“This is the beginning of the transformation of Hammer Communications,” Mark Stogdill, Hammer’s founder, stated in the news release announcing the MNSP program. “The Air system is capable of supporting not only a residential access network, but can empower carriers, municipalities and customers to deploy a variety of applications through our network.”
Kristen Vasicek, the director of marketing for 1stPoint, added, “Following on Hammer’s successful deployment in Atlantic County (New Jersey) we have the template for the deployment anywhere nationwide or even globally.”
NetworkNewsWire, a multifaceted financial news and publishing company, published an editorial on the company May 24 that comments, “Hammer’s AIR System is now looking to many industry analysts like it may be the ideal solution for everything from bridging the digital divide in underserved rural communities to addressing increasingly abundant data roaming opportunities and M2M concerns. This innovative, patented technology represents what could be a major advantage for the company, as no one in the industry today offers what Hammer is already doing” (http://nnw.fm/Vb9UD).
Hammer’s proposed acquisition of 1stPoint and its subsidiaries would give the company the benefit of exclusive rights to the patented AIR wireless technology as well as to 1stPoint’s switching technology, its underlying competitive local exchange carriers (CLECs) and its Commercial Mobile Radio Services operator.
The advent of fixed wireless technology continues breeding new technologies in the internet of things industry, and the entry of 5G speeds is expected to sustain advances for self-driving cars, smart homes and increasingly sophisticated robots. For now, Hammer’s primary excitement centers around its potential to boost services in smaller Tier 2 and Tier 3 markets where competitive-cost service diversity may not exist.
For information about Hammer Fiber Optics Holdings, visit the company’s website at www.HammerCorp.info.
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About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
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www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
According to preliminary estimates by the importer, the importer’s purchasing potential is approximately 21,000 systems over a period of three years from the signing of the binding agreement
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today the signing of a non-binding memorandum of understanding with a direct importer of several leading vehicle manufacturers to Israel.
The memorandum of understanding covers the terms of an agreement for the sale of Foresight’s Eyes-OnTM system for aftermarket configuration (installation of the product in vehicles after leaving the production line) and integration into the importer’s vehicles in Israel.
As a first step, once a binding agreement is signed, Foresight and the importer will carry out a pilot project using a beta version of the Eyes-OnTM system where the system will be integrated into a number of models from the importer’s fleet of vehicles (up to 25 vehicles).
According to the memorandum of understanding, the binding agreement shall stipulate the terms upon which Foresight will provide the importer with the Eyes-OnTM system, following successful completion of the pilot test according to predetermined criteria. In addition, the importer will carry out promotional activities to integrate Foresight’s products into the production lines of the vehicle manufacturers it represents in Israel.
According to preliminary estimates by the importer, the importer’s purchasing potential is approximately 21,000 systems over a period of three years from the signing of the binding agreement.
Eyes-OnTM is an advanced driver assistance system (ADAS) and the first product developed by Foresight. Eyes-OnTM is a unique automotive stereo vision system based on two visible-light cameras using advanced algorithms for accurate depth analysis and obstacle detection. The system detects many potential obstacles, including vehicles, pedestrians, cyclists, animals and more, while ensuring near zero false alerts.
The Eyes-OnTM system is currently in advanced stages of development after being successfully evaluated in a series of extensive tests, in a number of pilot projects in various countries, and following tests of its demo system by a number of vehicle manufacturers.
About Foresight
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), founded in 2015, is a technology company engaged in the design, development and commercialization of stereo/quad-camera vision systems and V2X cellular-based solutions for the automotive industry. Foresight’s vision systems are based on 3D video analysis, advanced algorithms for image processing and sensor fusion. The company, through its wholly owned subsidiary Foresight Automotive Ltd., develops advanced systems for accident prevention which are designed to provide real-time information about the vehicle’s surroundings while in motion. The systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. The company’s systems are targeting the Advanced Driver Assistance Systems (ADAS), semi-autonomous and autonomous vehicle markets. The company predicts that its systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform and advanced technology.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses the memorandum of understanding, whether the parties will enter into a binding agreement and the terms of such agreement, pilot testing and integration of the Eyes-OnTM system in a number of models from the importer’s fleet of vehicles, promotional activity to be carried out by the importer and the purchasing potential of the importer. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release.
The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Foresight’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 27, 2018, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third party websites.
Investor Relations:
MS-IR LLC
Miri Segal-Scharia, 917-607-8654
CEO
msegal@ms-ir.com
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that it has entered into private placement agreements with Israeli investors, including Meitav Dash Group and Psagot Investment House, two leading Israeli institutional investors. Following the closing of the private placements, Meitav Dash Group will hold an aggregate of approximately 5.45% of Foresight’s issued share capital and Psagot Investment House will hold 1.85% of Foresight’s issued share capital.
Pursuant to the terms of the private placements, which totaled $6.9 million (NIS 25 Million) Meitav Dash Group will invest approximately $4.1 million (NIS 14.75 million), Psagot Investment House will invest approximately $1.4 million (NIS 5 million) and additional investors will invest an aggregate of approximately $1.4 million (NIS 5 million). Foresight, subject to customary closing conditions, will issue an aggregate of 21,963,411 ordinary shares to the investors, at a price per share of NIS 2.05 (approximately $0.56 per ordinary share, or $2.81 per ADS). In addition, Foresight agreed to issue warrants to purchase an aggregate of 21,963,411 ordinary shares at an exercise price of $0.80 per share ($4 per ADS), exercisable for a period of 24 months.
The issued ordinary shares will be restricted for a period of six months under Israeli securities laws.
The securities described herein have not been registered under the Securities Act of 1933, as amended, and may not be 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 nor the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Foresight
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), founded in 2015, is a technology company engaged in the design, development and commercialization of stereo/quad-camera vision systems and V2X cellular-based solutions for the automotive industry. Foresight’s vision systems are based on 3D video analysis, advanced algorithms for image processing, and sensor fusion. The company, through its wholly owned subsidiary Foresight Automotive Ltd., develops advanced systems for accident prevention which are designed to provide real-time information about the vehicle’s surroundings while in motion. The systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. The company’s systems are targeting the Advanced Driver Assistance Systems (ADAS), semi-autonomous and autonomous vehicle markets. The company predicts that its systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform and advanced technology.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release.
The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Foresight’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 27, 2018, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third party websites.
Investor Relations:
MS-IR LLC
Miri Segal-Scharia, 917-607-8654
CEO
msegal@ms-ir.com
TORONTO, June 22, 2018 — The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (OTCQX:TGODF) is pleased to announce that it has decided to add a 287,245 sq ft. purpose-built facility on its Valleyfield property capable of producing 40,000 kgs of premium organic cannabis. This facility will be dedicated to TGOD’s Beverage Division and increases the Company’s fully-funded capacity to 170,000 kgs.
This newly dedicated cultivation building is being constructed to support TGOD’s previously announced Beverage Division Global-Strategic-Launch-Into-the-Beverage-Industry. This includes a state-of-the-art manufacturing campus designed to conduct strain-specific studies, develop organic IP, and create consumable optimized CBD / THC strains. Due to operating efficiencies within the 72.4 acre Valleyfield property, permits and cultivation licenses granted, the Company anticipates a significantly reduced construction timeline and budget. The Company will build this facility using excess cash raised in its IPO and subsequent bought deal financings. With the synergies to be realized on the existing 72.4 acre Valleyfield property, the construction timeline and unit costs for this additional building enhance the overall economics of the entire facility.
TGOD’s Beverage Division team has a unique understanding of the strict disciplines required for the large-scale, lean-manufacturing of base ingredients used in a multitude of higher margin products. The process begins with TGOD’s breeding facility, moves to the purpose-built cultivation, followed by the state-of-the-art 40,000 sq. ft. Innovation Centre. TGOD’s beverage production facility will fill the market’s current void and supply premium organic cannabis for R&D specific development in products such as edibles and beverages.
“With the legalization of cannabis announced on June 20th, and Premier Justin Trudeau setting the legalization date of October 17th, the path is paved. The time is now to dedicate infrastructure, services and expertise to developing proprietary products. This is just another step for TGOD in its business plan of creating a distribution hub for large-scale beverage and edible products which can be introduced in Canada and internationally,” said Csaba Reider, TGOD’s President.
“We believe that the beverage and edible market will be the largest single segment of the cannabis market. Cannabis, as the base ingredient, makes these products possible. The medicinal and recreational market for CBD and THC will only increase over time and starting with an organic input is the most important aspect to developing these higher margin products,” continued Mr. Reider.
This facility is fully funded and provides TGOD with a combined funded capacity of 170,000 kgs across four facilities in two countries.
“With the successful vote on Bill C-45 by the Senate, and the fast-approaching adult-use recreational market, we feel that bringing this facility into production quickly will allow TGOD to capture market share and establish our brand. This facility will allow TGOD to develop strains and IP specifically for beverage manufacturing which can be brought to market in Canada and through our international partnerships,” Robert Anderson, TGOD’s Co-Chairman and CEO stated.
“Our unique organic approach to making major investments into consumables will be a major differentiator in the cannabis market. Our early investments today will allow TGOD to be a leader by taking innovations created in Canada to the rest of the world. We look forward to our expansion into several continents and multiple countries with best in class medicines and products,” Mr. Anderson added.
ABOUT THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD.
The Green Organic Dutchman Holdings Ltd. is a research & development company licensed under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”) to cultivate medical cannabis. The Company carries out its principal activities producing cannabis from its facilities in Ancaster, Ont., pursuant to the provisions of the ACMPR and the Controlled Drugs and Substances Act (Canada) and its regulations.
The Company grows high quality, organic cannabis with sustainable, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a funded capacity of 170,000 kg of cultivation facilities in Ontario and 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.
CONTACT INFORMATION
Investor Relations
Email: invest@tgod.ca
Phone: 1 (416) 900-7621
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 recreational cannabis and cannabis-infused products in Canada, statements about future research, development and innovation by the Company, statements about the offering of any particular products by the Company 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.
- Independent research firm JGR Capital predicts more growth for Net Element in North American and emerging markets
- Research note also highlights company’s focus on the development of blockchain-based technology
- Via Unified Payments subsidiary, vendors at any event will be able to use mobile point-of-sale tools and self-order kiosks to accept multi-channel payments
Global financial technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) is set for sustained organic growth through its North American transaction solutions segment. Following the release of its first quarter 2018 financial results, which included a 17.8 percent year-over-year revenue increase, independent equity research firm JGR Capital issued an updated research note on May 21 (http://nnw.fm/xh27A). The note mentioned Net Element’s Q1 2018 financial results, which indicated total revenue of $15.98 million, compared to $13.6 million in Q1 2017. It also remarked on how the same first quarter financials show that Net Element managed to cut its selling, general and administrative expenses by over $380,000.
Additionally, the research note made mention of the company’s expansion into international markets, with JGR Capital’s analysts expecting the Russian market to add to Net Element’s international revenues this year. The report attributed Net Element’s strong growth in North America to the success of its Aptito system, a payment service developed for the restaurant sector. Aptito’s cloud-based payment solution allows restaurants to integrate a point of sale solution with digital menus, self-order kiosks and kitchen displays.
Another major point noted by JGR Capital was the company’s focus on the development of blockchain-based technology with the launch of its proprietary Netevia platform, which offers same-day funding to eligible merchants, easy merchant account set up and integration, payment conversion optimization, competitive pricing for payment acceptance services and other advantages and features.
The JGR Capital update came two days before Net Element announced the launch of a payment solution tailor-made for the needs of the multibillion-dollar events industry (http://nnw.fm/O1X2f). Via subsidiary Unified Payments, events industry vendors will be able to use mobile point-of-sale systems and self-order kiosks, as well as benefit from chargeback protection and acceptance of multi-channel payments. Unified Payments’ solutions will be fully integrated with vendors’ existing payment systems, allowing seamless transactions
In a news release, Vlad Sadovskiy, Net Element’s president of integrated payments, said, “We are excited to provide the event management industry with fully integrated, feature rich payment acceptance solutions. Our capabilities have the potential to dramatically change the way event transactions are processed today.”
Vendors will have access to programs such as ‘Fast Pass Funding’, which allows same-day funding; ‘Complimentary Equipment Placement Program’, which offers access to free payments equipment rental and on-site tech support; and ‘Zero Pay’, a cash discount program which will allow vendors to pocket 100 percent of their sales revenue.
The move will allow Net Element to tap into a highly prolific market, which generates more than $330 billion in direct spending and over $845 billion in business sales each year while supporting 5.9 million jobs across the United States (http://nnw.fm/S0cM9).
For more information, visit the company’s website at www.NetElement.com
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TORONTO, June 22, 2018 – Hiku Brands Company Ltd. (CSE: HIKU) (“Hiku” or the “Company”) is pleased to provide an update on the approach to private sector retailing of cannabis in Alberta. Hiku, and our award-winning retail storefront brand Tokyo Smoke, have filed applications for a series of locations in Alberta which, if approved, will provide customers with a variety of experiences in different retail environments including flagship stores, express stores, shopping centres, and shop-in-shop.
Hiku has filed applications for more than a dozen storefronts in Calgary and are at the top of the list to be considered in each of those locations following Calgary’s first come, first serve approach to licensing. In addition to Calgary, Hiku has also filed applications in Edmonton for its random lottery process.
“The province of Alberta represents a fantastic opportunity for Hiku Brands to roll out our engaging retail store fronts, in a variety of locations including best in class retail hubs, shopping districts, and innovative shop-in-shop concepts which will serve different customers and different demographics in places and communities where they already live, shop, and find entertainment” said Alan Gertner, Chief Executive Officer of Hiku Brands. “With our retail leadership and the transformational merger announced recently with WeedMD Inc. (TSX-V: WMD), we are positioning the Company and its shareholders for long-term success.”
The applications in Alberta follow on the success that Tokyo Smoke has achieved in Manitoba, where it was awarded one of only four conditional master retail licenses. The master license will allow Hiku Brands to open 9-16 stores in the province and operate an e-commerce portal. Hiku has also entered into a letter of intent with Oceanic Releaf Inc. (“Oceanic”), a late stage applicant under the ACMPR in Newfoundland & Labrador, pursuant to which Oceanic and Hiku are working with the government on the approval for Oceanic of up to 5 additional stores in that province.
Hiku is a proudly Canadian cannabis company. With its portfolio of iconic cannabis brands, including its private sector retail store front brand Tokyo Smoke, featuring existing coffee store locations across the country, Hiku is looking forward to the significant work ahead to educate and enlighten Alberta cannabis consumers and non-consumers alike as the federal government moves forward with legalization of adult use cannabis. Our retail brand Tokyo Smoke was the winner of Brand of the Year at the Canadian Cannabis Awards in 2017.
Hiku is also pleased to announce that further to its news release of May 16, 2018, an aggregate of $14,880,000 of principal amount of convertible debentures of Hiku (the “Debentures”) were converted in connection with the Early Conversion Opportunity (as defined below) offered to holders, representing approximately $3.1 million in interest savings for the Company.
On May 16, 2018, the Company provided the opportunity for holders to convert their Debentures between May 17, 2018 and June 7, 2018 and become eligible to receive 250 common share purchase warrants (the “Early Conversion Warrants”) per $1,000 of principal amount of Debentures so converted, in addition to the common shares of Hiku to be received in connection with such conversion (the “Early Conversion Opportunity”). Each Early Conversion Warrant is exercisable into one common share of Hiku at a price of $1.50 until May 16, 2021. The Company has issued an aggregate of 3,720,000 Early Conversion Warrants to former holders of Debentures in connection with the Early Conversion Opportunity.
About Hiku
Hiku is focused on building a portfolio of engaging cannabis brands, unsurpassed retail experiences and handcrafted cannabis production. With a national retail footprint led by Tokyo Smoke, craft cannabis production through DOJA’s ACMPR licensed grow, and Van der Pop’s female-focused educational platforms, Hiku houses an industry-leading portfolio that aims to set the bar for cannabis brands in Canada.
Hiku’s wholly-owned subsidiary, DOJA Cannabis Ltd., is federally licensed to cultivate and sell cannabis pursuant to the ACMPR, owning two production facilities in the heart of British Columbia’s Okanagan Valley. Hiku’s subsidiary, Tokyo Smoke, has been conditionally awarded one of four master retail licenses in Manitoba. Hiku also operates a network of retail stores selling coffee, clothing and curated accessories, across British Columbia, Alberta and Ontario.
Forward-Looking Statements
This news release contains statements that constitute “forward-looking statements”. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Hiku’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur.
Forward-looking statements in this press release include, among others, Hiku being one of the world’s largest private sector cannabis retailers, the approval of Hiku’s Alberta storefront applications, the timing of such applications being considered, the timing of opening further retail locations in Alberta and Manitoba, the proposed e-commerce platform in Manitoba, the completion of the proposed transaction with Oceanic, the completion of the proposed transaction with WeedMD Inc., government approval for store openings in Newfoundland & Labrador, applicable stock exchange approval of the transaction with Oceanic, applicable stock exchange approval of the transaction with WeedMD Inc. and the federal government’s legalization of adult-use cannabis. By their nature, forward-looking statements are based on the opinions and estimates of management at the date the information is made, and is 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 information. Hiku is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
It is also noted that the transactions with each of Oceanic and WeedMD Inc. remain subject to applicable stock exchange approval.
The Canadian Securities Exchange has not approved nor disapproved the contents of this news release.
TORONTO, June 21, 2018 — The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (OTCQX:TGODF) is pleased to announce that it has decided to add a 287,245 sq ft purpose-built facility on its Valleyfield property capable of producing 40,000 kgs of premium organic cannabis. This facility will be dedicated to TGOD’s Beverage Division and increases the Company’s fully-funded capacity to 170,000 kgs.
This newly dedicated cultivation building is being constructed to support TGOD’s previously announced Beverage Division Global-Strategic-Launch-Into-the-Beverage-Industry. This includes a state-of-the-art manufacturing campus designed to conduct strain-specific studies, develop organic IP, and create consumable optimized CBD / THC strains. Due to operating efficiencies within the 72.4 acre Valleyfield property, permits and cultivation licenses granted, the Company anticipates a significantly reduced construction timeline and budget. The Company will build this facility using excess cash raised in its IPO and subsequent bought deal financings. With the synergies to be realized on the existing 72.4 acre Valleyfield property, the construction timeline and unit costs for this additional building enhance the overall economics of the entire facility.
TGOD’s Beverage Division team has a unique understanding of the strict disciplines required for the large-scale, lean-manufacturing of base ingredients used in a multitude of higher margin products. The process begins with TGOD’s breeding facility, moves to the purpose-built cultivation, followed by the state-of-the-art 40,000 sq. ft. Innovation Centre. TGOD’s beverage production facility will fill the market’s current void and supply premium organic cannabis for R&D specific development in products such as edibles and beverages.
“With the legalization of cannabis announced on June 20th, and Premier Justin Trudeau setting the legalization date of October 17th, the path is paved. The time is now to dedicate infrastructure, services and expertise to developing proprietary products. This is just another step for TGOD in its business plan of creating a distribution hub for large-scale beverage and edible products which can be introduced in Canada and internationally,” said Csaba Reider, TGOD’s President.
“We believe that the beverage and edible market will be the largest single segment of the cannabis market. Cannabis, as the base ingredient, makes these products possible. The medicinal and recreational market for CBD and THC will only increase over time and starting with an organic input is the most important aspect to developing these higher margin products,” continued Mr. Reider.
This facility is fully funded and provides TGOD with a combined funded capacity of 170,000 kgs across four facilities in two countries.
“With the successful vote on Bill C-45 by the Senate, and the fast-approaching adult-use recreational market, we feel that bringing this facility into production quickly will allow TGOD to capture market share and establish our brand. This facility will allow TGOD to develop strains and IP specifically for beverage manufacturing which can be brought to market in Canada and through our international partnerships,” Robert Anderson, TGOD’s Co-Chairman and CEO stated.
“Our unique organic approach to making major investments into consumables will be a major differentiator in the cannabis market. Our early investments today will allow TGOD to be a leader by taking innovations created in Canada to the rest of the world. We look forward to our expansion into several continents and multiple countries with best in class medicines and products,” Mr. Anderson added.
ABOUT THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD.
The Green Organic Dutchman Holdings Ltd. is a research & development company licensed under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”) to cultivate medical cannabis. The Company carries out its principal activities producing cannabis from its facilities in Ancaster, Ont., pursuant to the provisions of the ACMPR and the Controlled Drugs and Substances Act (Canada) and its regulations.
The Company grows high quality, organic cannabis with sustainable, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a funded capacity of 170,000 kg of cultivation facilities in Ontario and 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.
CONTACT INFORMATION
Investor Relations
Email: invest@tgod.ca
Phone: 1 (416) 900-7621
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 recreational cannabis and cannabis-infused products in Canada, statements about future research, development and innovation by the Company, statements about the offering of any particular products by the Company 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.
HENDERSON, NV / June 21, 2018 / There are both challenges and opportunities in the digital era of cryptocurrencies for both banks and fintech companies. APT Systems Inc (APTY) believes its stable coin concept, named SperaSM helps to maintain trust in fiat currencies while also providing lower risk entry points for banks wanting into the game of a decentralized services economy. The SperaSM coin is pegged to the US dollar creating trusted intrinsic value that is supported with transparent audited statements, and coin sales are held by a reputable custodial bank. Financial institutions can still remain largely relevant by helping APT Systems and its effort to promote fiat currency as one trusted source backing parts of our increasingly digital economy.
APT Systems (APTY) is committed to delivering its platforms within a trusted financial ecosystem that serves the verified members of Verifundr using KYC protocols, along with Smart Contracts for its escrow and payment services that are then supported by a private exchange and the ecosystem’s stable cryptocurrency, SperaSM.
These innovative and creative solutions by APT overcome some of the major regulatory obstacles facing the cryptocurrency and blockchain companies and will have tremendous impact on the growth of the sector. APT Systems trajectory has some investors comparing them to the internet technology companies that exploded in the early 90’s.
These fintech companies could have the breakthrough blockchain technology necessary to breakout: APT Systems Inc. (APTY), Riot Blockchain, Inc. (RIOT)
APT Systems Inc. (APTY)
Market Cap: $2.097M, current share price: $.0065
APT Systems Inc. is focusing on creating a financial ecosystem based on a trusted community with a stable coin to support private commerce and the various platforms available. APT Systems through SperaSM believes that the market is ready to broadly adopt a tradable stable coin representing the future purchase of goods and services within a trusted network, that can grow as fast as a buyer or seller can download a standard mobile app.
Riot Blockchain, Inc. (RIOT)
Market Cap: $98.63M, current share price: $7.32
Riot Blockchain, Inc. focuses on building, supporting, and operating blockchain technologies, primarily through its cryptocurrency mining operations and other developed businesses, as well as joint ventures, acquisitions, and targeted investments in the sector. Its primary focus is on Bitcoin and general blockchain technology. The company leverages its expertise and network to build and support blockchain technology companies. It builds a cryptocurrency mining operation and operates specialized computers that generate cryptocurrency, primarily Bitcoin. The company also holds interests in various activities, including purchasing and selling cryptocurrencies; providing accounting, audit, and verification services for blockchain based assets, such as cryptocurrencies; and developing TessPay, a payments ecosystem for component and sub-component supply chain settlements, and other blockchain solutions for telecommunications companies.
Net Element, Inc. (NASDAQ: NETE)
Market Cap: $30.24M, current share price: $7.83
NETE is a small company based in Florida that specializes in mobile payments and value-added transactional services. In addition to easy payments, the company also offers business analytics solutions. They recently created a new business unit that focuses on identifying and investing in unique blockchain projects and companies that are poised to disrupt the electronic payment industry.
Legal Disclaimer
Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. ACR Communication, LLC, which owns Microcapspeculators.com, is not registered with Finra or any other financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. ACR Communication, LLC [and/or] Microcapspeculators.com does not have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. ACR Communication LLC, which owns Microcapspeculators.com, is compensated for its services in the form of cash-based compensation or in equity in the companies it writes about, or a combination of the two. ACR Communication, LLC has been compensated one thousand dollars cash for this article and two thousand dollars total by Regal Consulting, LLC, for APTY. APTY and Regal Consulting, LLC were given an opportunity to edit information included in this article. This article is based solely on public information and the opinions of ACR Communication, LLC, which believes the news commentary to include accurate and complete information. ACR Communication, LLC, will not buy or sell any shares in stocks contained within this article for forty eight hours after this article’s distribution.
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Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that it has entered into private placement agreements with Harel Insurance, a leading Israeli institutional investor. Following the closing of the private placement, Harel Insurance will hold an aggregate of approximately 8.15% of Foresight’s issued share capital.
Pursuant to the terms of the private placement, which totaled $5.5 million (NIS 20 Million), Foresight, subject to customary closing conditions, will issue 9,756,097 ordinary shares at a price per share of NIS 2.05 (approximately $0.56 per ordinary share, or $2.81 per ADS). In addition, Foresight agreed to issue warrants to purchase 9,756,097 ordinary shares at an exercise price of $0.80 per share (approximately $4 per ADS), exercisable for a period of 24 months.
This private placement was priced at a minimum discount compared to the market price. The issued ordinary shares will be restricted for a period of six months under Israeli securities laws.
The securities described herein have not been registered under the Securities Act of 1933, as amended, and may not be 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 nor the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Foresight
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), founded in 2015, is a technology company engaged in the design, development and commercialization of stereo/quad-camera vision systems and V2X cellular-based solutions for the automotive industry. Foresight’s vision systems are based on 3D video analysis, advanced algorithms for image processing, and sensor fusion. The company, through its wholly owned subsidiary Foresight Automotive Ltd., develops advanced systems for accident prevention which are designed to provide real-time information about the vehicle’s surroundings while in motion. The systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. The company’s systems are targeting the Advanced Driver Assistance Systems (ADAS), semi-autonomous and autonomous vehicle markets. The company predicts that its systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform and advanced technology.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release.
The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Foresight’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 27, 2018, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third party websites.
Investor Relations:
MS-IR LLC
Miri Segal-Scharia. CEO
msegal@ms-ir.com
917-607-8654
Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) was recently highlighted alongside other cannabis-focused businesses in a Cannabis Industry Report for the week of June 11th by JGR Capital, a New York-based equity research firm. The report covered the company’s recent up-listing to the OTCQX® Best Market, which it began trading on under the symbol “TGODF” on June 14, 2018. Among other highlights, the report also covers Canopy Growth Corporation’s (TSX: WEED) (NYSE: CGC) offering of convertible senior notes; Maricann Group’s (CSE: MARI) (OTCQB: MRRCF) update regarding the acquirement of a cannabis license in Malta; and Green Thumb Industries Inc.’s (CSE: GTII) commencement of trading on the Canadian Securities Exchange (“CSE”).
To view the full report, visit: http://cnw.fm/7aMqD
About the Green Organic Dutchman Holdings Ltd.
The Green Organic Dutchman Holdings Ltd. is a research & development company licensed under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”) to cultivate medical cannabis. The company carries out its principal activities producing cannabis from its facilities in Ancaster, Ont., pursuant to the provisions of the ACMPR and the Controlled Drugs and Substances Act (Canada) and its regulations. 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 116,000 kg and is building 970,000 sq. ft. of cultivation facilities in Ontario and Quebec. The company has developed a strategic partnership with Aurora Cannabis Inc. (TSX: ACB) whereby Aurora has invested approximately C$78.1 million for an approximate 17.5% stake in TGOD. In addition, the company has raised approximately C$315 million dollars and has over 5,000 shareholders. TGOD’s Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol “TGOD” and “TGOD.WT”, respectively. For more information, visit the company’s website at www.TGOD.ca.
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- The events industry generated over $330 billion in direct sales in 2016, with huge potential for growth in this field
- Net Element also exploring innovative technologies like blockchain for the purpose of enhancing its payment solution portfolio
- Company focusing on a partnership and an expansion on the Russian market enabling it to explore new markets that have yet to develop innovative payment solutions
Net Element, Inc. (NASDAQ: NETE), a global technology and value-added solutions group, is providing innovative payment solutions for the events industry while also expanding its presence in Russia. The aim of both initiatives is to carve a space in previously underserved niches, according to a company audio press release (http://nnw.fm/5cXxY).
The company is known for its payment-as-a-service transactional services platform targeted at small and medium-sized enterprises. It is operational in the U.S., as well as a number of select emerging markets.
As the global payments industry is thriving, companies like Net Element are offering innovative ways for payment management. Its operations are through various subsidiaries, enabling the provision of payment services in an array of industries. Unified Payments, one of the Net Element subsidiaries, has been rated among the fastest growing companies in the U.S. by Inc. Magazine. The company has developed an award-winning payment solution, tailored to the needs of small and medium-sized clients.
The Unified Payments development is specifically formulated for the needs of operators in the events industry (http://nnw.fm/t2Jb7). Through integration with point-of-sale systems and kiosks and through multi-channel payment capabilities, the system creates a comprehensive and seamless payment option. The Unified Payments solution provides added bonuses for users in the form of Fast Pass Funding (a same-day funding service) and Zero Pay (a cash payment discount program).
In 2016, the events industry generated over $330 billion in direct spending (http://nnw.fm/m1YnZ) and $845 billion in business sales. There were over 1.9 million meetings held over the course of the year, attended by more than 251 million people. The meetings sector supported more direct jobs than the entire manufacturing sector, making it an industry with tremendous potential for growth.
To increase the scope of its services, Net Element has also embraced new technologies and reached out to markets like Russia.
Recently, the company released a proprietary multi-channel payments platform called Netevia, providing a system for effortless connection between merchants and customers. Netevia unifies payments across different channels and it can effortlessly integrate with an array of platforms to streamline everyday financial transactions that businesses have to address. On June 12, Net Element announced an extension of the Netevia platform to include a smart solution aimed at enabling secure vendor payments (http://nnw.fm/4sN5j).
While these payment solutions are becoming available on existing markets, Net Element is also spreading across new parts of the world. PayOnline, a Net Element subsidiary, announced a partnership in Russia with Bank Sputnik. The company will be offering a multi-channel payment facilitator to small and medium-sized businesses. Currently, business operators in Russia do not have access to a similar solution.
The digital payments market in Russia is expected to grow at a rapid pace. According to a World Bank report (http://nnw.fm/a7Ov4), Russia is one of the countries that can benefit the most from a digital transformation. The ecommerce sector remains underdeveloped, but the potential for expansion is significant. The Russian digital payments sector was valued at $27.9 billion in 2016 (http://nnw.fm/1nISc) and is expected to reach a volume of $39.5 billion by the end of 2018.
For more information, visit the company’s website 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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ORLANDO, FL / June 20, 2018 / Technology moves at a pace entirely all its own, pushing, pressing to find its way into acceptance as the early adopters convince the decision makers to make the better mousetrap the new way of doing things. And when new technology makes it through these business and social hurdles the end consumer has an opportunity to participate- sometimes as a product user and sometimes as an investor. Look back for but a moment and consider the rise of personal computing, the internet, wireless, cryptocurrency and more and their impact in the market and our way of life.
So, when we see a forecast for a technology that suggests a $24 billion industry by a market research firm it captures our attention. When we see that the industry is one that could solve problems in our own homes and businesses we dig deeper.
According to the new market research report on “Optical Communication and Networking Market” the optical communication and networking market is expected to grow from USD 15.11 Billion in 2017 to USD 24.12 Billion by 2023, at a CAGR of 8.1% between 2017 and 2023. The forecast states that the growth of this market is driven by the growing data center deployments, and increasing internet penetration and data traffic.
The number of $24 billion is staggering but so too is the velocity of the market growth. Forecasted growth from $15 billion last year to a projected $24 billion in 2023 is remarkable.
This velocity clearly could create a beneficial market environment for Hammer Fiber Optic Holdings (OTCQB: HMMR) and their efforts in the fiber optic/optical communication space, where it has secured a foothold in the Northeast and is looking to expand nationally. The report does indicate that The Americas, which held the largest share of the market in 2016, is expected to dominate the market with the largest share between 2017 and 2023. The Americas has emerged as a major data center and cloud computing hub, which has ultimately made it the largest consumer of optical communication and networking since data center is the leading application for this market, according to the report.
Hammer Fiber is pioneering a technology built on a hybrid architecture between fiber optic long haul infrastructure and high capacity wireless last mile innovation. This hybrid helps solve one of the greatest challenges in bringing fiber optic to the masses.
This hybrid solution allows high capacity broadband to be delivered through the airwaves to every home and business insight of the many towers and high points Hammer plans to deploy across cities and towns throughout the United States. Hammer’s solution provides a platform to “cut the cord” and present alternatives to consumers allowing them to choose and use affordable multi-media content when and how they wish to. Hammer will focus investment in this market segment and promote growth through organic and acquisition strategies.
Hammer will also be securing some national attention soon as it recently reported that it will be featured on the Fox Business program, “NEW TO THE STREET,” going into the studio in June for July broadcasts.
About Hammer Fiber
Hammer Fiber Optic Holdings Corp. (OTCQB: HMMR) is a telecommunications company investing in the future of wireless technology whose holdings include Hammer Fiber Optic Investments, Ltd. D/B/A Hammer Communications, that offers internet, voice, video and data services in New Jersey, through both direct fiber as well as its wireless fiber platform, Hammer Wireless® AIR technology. The Hammer Wireless Air technology can support a variety of applications including mobile to mobile, wireless DOCSIS, IoT and Smart City support as well as pre-5G network applications. For more information visit http://www.hammerfiber.com or contact Frank Pena at fpena@hammerfiber.com.
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https://www.hammerfiber.com/ or www.hammercomm.com
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In a landmark decision, the Canadian Senate recently passed a bill legalizing recreational marijuana for adult use. The Cannabis Act was approved by the Senate in a vote of 52-29 after already passing the House of Commons. In pursuant with the law, adults 18 years of age and older will be permitted to possess up to an ounce of cannabis for recreational use, and grow a maximum of four plants. Although an official date of legalization hasn’t been released, a recent post published by TIME indicates that the legislation could enable Canadians to legally buy and consume marijuana as soon as September. Prime Minister Justin Trudeau will choose when to put the law into effect, and how much time the territories and provinces are allotted to roll out retail sales.
To view the full article, visit: http://cnw.fm/7Jv7e
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Palm Beach, FL – (June 18, 2018) — As the Canadian recreational cannabis market approaches its birth with legalization quickly approaching, leaders in the industry are preparing for the inevitable consumer demand through ramped up measures to add strategic locations as well as well as a growing number of mergers and acquisitions. As a whole, Canadians spent north of $5 billion on cannabis in 2017 according to data released by Statistics Canada. That number is projected to increase when recreational cannabis becomes readily available. One of the big reasons that marijuana is no longer being viewed as taboo was publish in an article published by Deloitte, titled “Recreational Marijuana Insights and Opportunities,” as it found that the typical recreational marijuana consumers were not looking for a quick high but instead use marijuana for medical needs such as a sleep aid or stress reducer. Active companies in the industry making moves to ready that include: Choom™ Holdings Inc. (CSE:CHOO) (OTC:CHOOF), Hiku Brands Company Ltd. (OTC:DJACF) (CSE:HIKU), Medmen Enterprises Inc. (OTC:MMNFF) (CSE:MMEN), Newstrike Resources Ltd. (OTC:NWKRF) (TSX-V:HIP), Namaste Technologies Inc.’s (OTC:NXTFF) (TSX-V:N).
Choom™ Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) BREAKING NEWS: Choom™, an emerging, fully-integrated cannabis company, is pleased to announce that it has advanced the build-out of its cannabis retail store network in Alberta and British Columbia.
Choom™ has secured the rights to an additional 7 retail locations in Alberta. Choom has 25 leases in highly strategic and secure locations in Alberta with 24 applications submitted. Choom has also secured 3 additional B.C retail leases, combined with the existing 7, for a total of 10 retail opportunities in B.C. In all cases, the retail opportunities are subject to all necessary governmental and municipal approvals being granted. This number is expected to grow over the coming months as the Company is currently negotiating additional leases with the intention of submitting applications for retail licenses. The following link will bring you to our retail opportunity map: https://investors.choom.ca/wp-content/uploads/2017/11/ChoomRetailMap.pdf
“This is a significant step towards establishing Choom’s strategy to be a leading private cannabis retailer in Canada,” states Choom’s President and CEO, Chris Bogart. “Market share and customer acquisition in the upcoming recreational landscape will be very difficult to come by, these applications are key to Choom’s retail strategy. Choom’s brand was created exclusively for the recreational market, core to our values is cultivating a great experience for the consumer and part of this strategy is retail distribution. We are committed to pursuing retail licensing opportunities across the country and remain focused on cultivating ‘Good Time with Good Friends’. Read this and more news for Choom™ at: http://www.marketnewsupdates.com/news/choo.html
Additional industry related developments from around the markets:
Hiku Brands Company Ltd. (OTCPK:DJACF) (CSE:HIKU.CN) and WeedMD Inc. (WDDMF) recently announced that WeedMD has obtained an interim order from the Ontario Superior Court of Justice authorizing the holding of an annual and special meeting (the “WeedMD Meeting”) of WeedMD shareholders (“WeedMD Shareholders”) to consider the previously announced merger (the “Merger Transaction” or the “Arrangement”) between Hiku and WeedMD. As described in the joint Hiku and WeedMD press release dated April 19, 2018, WeedMD will be seeking WeedMD Shareholder approval for the Arrangement under the Business Corporations Act (Ontario) (the “Arrangement Resolution”). The WeedMD Meeting to consider the Arrangement Resolution will be held on Wednesday, July 11, 2018 at 10:00 a.m. (Toronto time) at Fogler, Rubinoff LLP, located at TD Centre North Tower, Suite 3000, 77 King Street, Toronto, Ontario.
Medmen Enterprises Inc. (OTCQB:MMNFF) (CSE:MMEN.CN) recently announced that the Company opened its newest store on Venice’s Abbot Kinney Boulevard on Saturday. With banks of news media cameras surrounding the storefront, Medmen co-founders Adam Bierman and Andrew Modlin cut the ribbon. They were flanked by U.S. congressman Ted Lieu, California state senator Ben Allen, assembly member Reggie Jones-Sawyer and celebrity Rosario Dawson. Lines of customers waited to enter the store. Mr. Lieu, whose district includes Abbot Kinney, welcomed customers and greeted the press. It marked the first known time an active U.S. congressman was featured in the grand opening of a marijuana dispensary. It underscored how mainstream marijuana has become, and how California is leading the way.
Newstrike Resources Ltd. (OTCPK:NWKRF) (TSX-V:HIP.V) recently announced its wholly owned subsidiary and licensed producer, Up Cannabis Inc., has joined the newly formed Global Cannabis Partnership as a founding member, and will contribute to its mandate of creating a worldwide social responsibility standard for the safe and responsible production, distribution, and consumption of legal adult-use cannabis. The partnership, announced earlier today at the World Cannabis Congress in Saint John, N.B., includes a wide range of stakeholders including government agencies, licensed producers and affiliate organizations that will focus on the legalized cannabis industry.
On June 18, further to Namaste Technologies Inc.’s (OTCQB:NXTFF) (TSX-V:N.V) Jan. 18, 2018, letter of intent that the company has signed a subscription agreement to acquire 10 per cent of the issued share capital of Israeli licensed producer of medical cannabis, Cannbit Ltd., for 2.5 million Israel new shekels or approximately $908,000, which includes a combination of both cash and shares. Subsequently, Cannbit has also signed a binding agreement to complete a merger with a company listed on the Tel Aviv Stock Exchange, whereby Cannbit will retain 85-per-cent ownership of the combined public entity, the company believes that its investment will be immediately accretive in nature based on the valuation metrics of the transaction which consequently valued Cannbit significantly higher than what Namaste acquired its 10-per-cent equity stake for. In anticipation of closing this transaction, Namaste has established a supply arrangement with Cannbit to export cannabis to the Canadian market (subject to approval by Health Canada and the Israeli government), and will also engage with Cannbit to expand the company’s Israeli-based vaporizer sales platform.
DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated forty five hundred dollars for news coverage of the current press release issued above by Choom™ Holdings Inc. by a non affiliated third party. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
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NAPANEE, Ontario, June 19, 2018 — ABcann Global Corporation (TSX-V:ABCN) (“ABcann”) is pleased to announce that its wholly-owned subsidiary, Harvest Medicine Inc. (“Harvest Medicine” or “HMed”), one of Canada’s fastest growing specialty medical cannabis clinics, has surpassed 15,000 active patients, reaching this significant milestone in under 18 months of operation. Harvest Medicine is poised to take its education focused model across Canada, through the opening of new locations and the launch of a purpose-built telemedicine app.
“Our rapid growth is a testament to our patient-centric approach and dedication to providing exceptional care,” stated Shekhar Parmar, Chief Executive Officer of HMed. “We partner with patients to empower them to be more involved in their healthcare and ensure that they receive the safest and most effective medical cannabis treatment for their individualized needs.”
With the opening of a new location in the Edmonton area planned for July, and launch of the telemedicine app expected by the end of the summer, Harvest Medicine is expecting strong continued growth.
“Our vision is to transform the medical cannabis experience for patients and physicians and be recognized as the trusted leader in medical cannabis care across the country,” said Mr. Parmar.
According to Health Canada statistics, the number of registered medical cannabis patients continues to grow dramatically across Canada. At the end of December 2017, there were 269,502 registered medical cannabis patients, a growth of over 54% since April 2017 and over 579% since December 2015.
Demonstrating its commitment to being a leader in the medical market, ABcann acquired Harvest Medicine in January 2018. The insights gained from Harvest Medicine regarding patient experiences, needs, required products and desire for greater guidance inspired ABcann to develop a specialty medical brand: Beacon Medical. Beacon will be a recognized producer of standardized pharma-grade cannabis products that HMed patients will be able to access, together with products of other Licensed Producers.
For more information about Harvest Medicine, visit hmed.ca.
About Harvest Medicine
Harvest Medicine, a wholly-owned subsidiary of ABcann Global Corporation (TSX-V:ABCN), is an education focused, patient-centric, cannabis discovery center and clinic that has received tremendous response from its patients. Growing to over 15,000 active patients in under 18 months, HMed is one of Canada’s most successful and fastest growing cannabis clinics. Harvest Medicine is poised to aggressively expand its effective and highly scalable model across the country. Using a highly trained team of medical doctors and Canna Genius educators, Harvest Medicine provides a welcoming environment that focuses on empowering and educating patients on the safe, effective use of medical cannabis. HMED.ca provides patients clear explanations of the medical cannabis process as well as additional educational resources such as strain reviews, Licensed Producer reviews, success stories, and accessory recommendations.
About ABcann:
ABcann is recognized for high-quality, trusted products and services. It holds production and sales licenses from Health Canada, and its flagship facility in Napanee, Ontario contains proprietary plant-growing technology, centred on its specially designed, environmentally-controlled growing chambers. This approach results in the production of pharmaceutical-grade cannabis products. ABcann is expanding its production capacity and pursuing partnership and product development opportunities domestically, as well as in select international markets, such as Germany, Australia and Israel.
For more information about Harvest Medicine, please contact:
Shekhar Parmar at sp@hmed.ca
For more information about ABcann, please contact:
Barry Fishman at barry.fishman@abcannglobal.com or
Michael Bumby at michael.bumby@abcannglobal.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
Certain statements in this news release are forward-looking statements, which are statements that are not purely historical, including statements regarding the beliefs, plans, expectations or intentions of ABcann and its management regarding the future. Forward looking statements in this news release include statements relating to: the expected timing of opening of the Edmonton HMed clinic; the expected timing of launch of the HMed telemedicine app; HMed’s expectation of strong continued growth; HMed’s vision to transform the medical cannabis experience for patients and be recognized as a trusted leader in medical cannabis care; and that HMed is poised to aggressively expand its effective and highly scalable model across Canada. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements, including: (i) that there may be delays in the opening of the Edmonton clinic or launch of the telemedicine app; (ii) that the demand for medical cannabis may decrease following the launch of Canada’s legal adult use cannabis market, which may slow or reduce HMed’s expansion abilities; (iii) changes to applicable governmental regulations that impede HMed’s operations; (iv) that HMed’s business model may not be scalable as expected or may not be accepted in jurisdictions outside of Alberta; and (v) other factors beyond the Company’s control. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits ABcann or HMed will obtain from them. Readers are urged to consider these factors, and the more extensive risk factors included in ABcann’s annual information form dated April 30, 2018, which is available on SEDAR, carefully in evaluating the forward-looking statements contained in this news release, and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. The forward-looking statements in this news release are made as of the date hereof and ABcann disclaims any intent or obligation to update publicly any such forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
Palm Beach, FL – (June 18, 2018) – According to Coindesk, the cryptocurrency clocked a high of $6,736 on Bitfinex last week amid signs of a bear breather. However, bargain hunters were short in supply and prices fell back below $6,600 at 01:00 UTC today. Bitcoin has spent a better part of the last seven hours trading in the narrow range of $6,550 to $6,620. In addition a grey cloud hanging over the heads of cryptocurrency investors was lifted last Thursday after the Securities and Exchange Commission (SEC) ruled that Ethereum is not a security. Blockchain’s strong year continued when The Wall Street Journal released its annual list of “Tech Companies to Watch.” Of the 25 companies selected, five are blockchain initiatives. Last year, no blockchain-related companies were mentioned. The highest ranking company, Blockstream, is developing tech for Bitcoin micropayments and cryptocurrency data feeds for traders. Active tech companies today include: SinglePoint Inc. (OTC:SING), AppSwarm, Inc. (OTC:SWRM), Net Element, Inc. (NASDAQ:NETE), Seven Stars Cloud Group, Inc. (NASDAQ:SSC), Glance Technologies Inc. (CSE:GET) (OTC:GLNNF).
SinglePoint Inc. (OTCQB:SING) BREAKING NEWS: SinglePoint is pleased to announce the successful completion and filing of the company’s Form 10 Registration Statement with the Securities and Exchange Commission. This is an important step in helping the company establish credibility in the investment community.
“We are ecstatic to have this completed and filed. We feel it really sets the company up for future successes. It’s a great foundational block to be fully reporting and provide the level of transparency to everyone that may become involved with the company. We believe that his level of transparency can accelerate our potential growth,” states Wil Ralston President SinglePoint. Read this and more news for SinglePoint at: http://www.marketnewsupdates.com/news/sing.html
In other industry news and developments:
AppSwarm, Inc. (OTCPK:SWRM), a technology company specializing in the accelerated development and publishing of mobile apps, recently announced new features have been added to its ‘Bitchart’ cryptocurrency tracking app. The Company is pleased to announce it has received approval from Apple’s iTunes for the addition of new features to its Bitcoin tracking app ‘BitChart’ 1.1. The app has now added a wallet where users can add their coins, or just build a portfolio to track the value of their coin holdings on their phone.
Net Element, Inc. (NASDAQ:NETE), a global technology and value-added solutions group that supports electronic payments acceptance in a multi-channel environment including point-of-sale (“POS”), e-commerce and mobile devices, announces the extension of its Netevia platform to include a smart solution for enabling secure vendor payments. According to Statista’s 2017 B2B Ecommerce report, “B2B business is now dwarfing that of the B2C business.” Global B2B sales are estimated at $7.7 trillion, compared to $2.3 trillion in B2C sales. Net Element aims to grow transactional revenue by innovating SME productivity services using blockchain technology solutions.
Seven Stars Cloud Group, Inc. (NASDAQ:SSC) recently announced a Joint Venture (“JV”) with The Centre for Digital Revolution (C4DR). The JV will establish and develop the premier global standards of issuance, sales and distribution of digital assets, with operations out of the U.K. and mainland Europe. The JV will focus on developing and executing the highest level of compliance and institution-grade best practices in: 1. Compliant digital asset issuance and private sales; 2. Initial Exchange Offering (“IEO”) of digital assets; 3. Digital asset clearance networks; 4. Multi-platform exchange syndication and trading.
Glance Technologies Inc. (CSE:GET.CN) (OTCQB:GLNNF) thanks shareholders for their support, input and participation throughout the recent proxy contest. Glance shareholders have reaffirmed their support for four highly qualified incumbent directors and have elected a new board member, Steve Cadigan. Glance looks forward to further engagement with its shareholders as it seeks to achieve its long term goals. “As we look to the future, our foundation is solid, we have great people in place, and we are well positioned to execute on our strategy,” said Desmond Griffin, CEO of Glance. “We are focused on the intersection of mobile payments, mobile marketing and loyalty rewards, and blockchain.
DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated twenty five hundred dollars for news coverage of the current press release issued by SinglePoint Inc. by a non-affiliated third party. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
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- Receives first QuadSight™ prototype order from truck division of a large European vehicle manufacturer
- QuadSight™ system uses two pairs of stereoscopic infrared and daylight cameras that exceed a human driver’s ability to see, regardless of weather or lighting conditions
- QuadSight™, Eyes-On™ and Eye-Net™ are accident prevention products revolutionizing the safety and dependability of driver assistance and automated vehicle technology
Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX), a technology company engaged in the design, development and commercialization of stereo/quad-camera vision systems and V2X cellular-based solutions for the automotive industry, recently received its first order for its breakthrough QuadSight™ prototype (http://nnw.fm/hXF4o). A truck division of a large European vehicle manufacturer ordered the system to evaluate the prototype and its performance on the manufacturer’s trucks. FRSX is confident that the sales of QuadSight™ prototypes will strengthen relations with potential customers and lead to large orders of the QuadSight vision system for mass production.
The QuadSight™ system demo was launched last January at the CES show in Las Vegas. Based on 3D video analysis, advanced algorithms for image processing and sensor fusion, QuadSight™ uses four-camera technology combining two pairs of stereoscopic infrared and daylight cameras. Stereoscopic cameras provide a level of accuracy that exceeds a human driver’s ability to see in real-time by using synchronized cameras, along with advanced algorithms for image processing and sensor fusion, to mimic 3D human depth perception. The company’s proprietary stereoscopic system is derived from major shareholder Magna B.S.P.’s field-proven technology, which has been deployed worldwide for almost two decades. QuadSight™ offers exceptional obstacle detection for semi-autonomous and autonomous vehicle safety with near-100 percent obstacle detection and near-zero false alerts, regardless of weather or lighting. FSRX believes that its vision systems will revolutionize automotive safety with its cost-effective platform and advanced technology.
QuadSight™ is one of three accident prevention products offered by FRSX. Eyes-On™, an advanced ADAS system, provides lane departure warning and traffic sign recognition, and it scans the road for any obstacles, including vehicles, pedestrians, cyclists or any other possible hazard. It can detect at long-range and high speeds, identifying smaller objects than comparable systems on the market.
Eye-Net™ is a cellular-based V2X (vehicle to everything) accident prevention solution. It identifies possible oncoming collisions before those involved are even able to see each other. Eye-Net™ is designed to provide a complementary layer of protection for both vehicles and pedestrians beyond traditional ADAS, and it runs as a background process on iOS and Android-based mobile phones, eliminating the need for designated hardware.
FSRX is positioned for growth as it perfects its unique line of automotive vision systems. QuadSight™, Eyes-On™ and Eye-Net™ are revolutionizing the safety and dependability of driver assistance and automated vehicle technology.
For more information, visit the company’s website at www.ForesightAuto.com
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VANCOUVER, June 18, 2018 – Sunniva Inc. (“Sunniva” or the “Company“) (CSE:SNN) (OTCQX:SNNVF), a North American provider of cannabis products and services, is pleased to announce that its wholly-owned subsidiary, Sunniva Medical Inc. (“SMI“), has closed its previously announced purchase of the 126-acre industrial zoned property in Okanagan Falls, BC, the site of the Sunniva Canada Campus (the “Campus“). The total consideration for the purchase was $7 million which was paid through a combination of $3.5 million in cash and the balance through a vendor take back mortgage financing (“VTBMF“). The VTBMF is for a one-year term with an interest rate of 5% per annum.
The Campus is designed to be a 740,000 sq. ft. state-of-the-art greenhouse and current Good Manufacturing Practice (“cGMP“) compliant.
Sunniva is also pleased to announce the Regional District of Okanagan-Similkameen has issued the required development permits to SMI for the construction of the facility. Site grading is near completion, with the next phase of foundation work commencing this week. Live streaming and monthly time lapsed video will also be available by visiting the Sunniva website.
The Campus is designed to deploy custom, automation assembly line cultivation processes at scale. By harnessing one of most abundant resources—the sun—while utilizing dynamic and adaptive microclimatic controls to provide precise growing conditions.
About Sunniva Inc.
Sunniva, through its subsidiaries, is a vertically integrated cannabis company operating in the world’s two largest cannabis markets – Canada and California – where we are committed to delivering safe, high-quality products and services at scale. Our vision is to become the lowest cost, highest quality cannabis producer in the markets we serve by building large scale purpose-built cGMP designed greenhouses, offering better quality assurance with cannabis products free from pesticides, providing better patient and doctor access to cannabis education and sourcing better therapeutic delivery devices. Sunniva’s management and board of directors have a proven track record for creating significant shareholder value both in the healthcare and biotech industries.
Sunniva operates through its wholly owned subsidiaries:
CP Logistics, LLC (“CPL“) – Through CPL, Sunniva has commenced construction of the Sunniva California Campus, state-of-the-art, purpose-built greenhouse facilities in Cathedral City, California. The Sunniva California Campus is planned in two phases and has been cGMP designed. Phase 1 is designed to be 325,000-square feet and Phase 2 will be 164,000 square feet. At this facility, it is estimated 30% of all product will be used for higher margin extracted products and all products will be produced free from the pesticides commonly used within today’s industry. As the facility is not complete, revenue and costs are not known, therefore, profitability cannot be assured.
Sunniva Medical Inc. (“SMI”) – SMI is building the Sunniva Canada Campus, 740,000 square feet of purpose-built cGMP designed greenhouse facilities in British Columbia. The facility will produce pesticide free products and will convert trim to extracted products such as cannabis oil. The oil can be used for drug delivery formats such as capsules, dissolvable strips, vaporization cartridges, tinctures and creams. As the facility is not complete, revenue and costs are not known, therefore, profitability cannot be assured.
Natural Health Services Ltd. (“NHS“) – NHS owns and operates a network of 7 clinics in Canada specializing in medical cannabis under the Access to Cannabis for Medical Purposes Regulations. NHS connects patients with safe and effective medical cannabis products through Licensed Producers (“LPs“). NHS has in-house physicians and nurse practitioners specializing in the endocannabinoid system providing expert consultation, education, and recommendations for patients. NHS’ proprietary technology infrastructure assists physicians, patients and LPs to comply with the rules of Health Canada. NHS has more than 150,000 active medical documents outstanding and 95,000 active patients.
Full-Scale Distributors, LLC (“FSD“) – FSD, through its brand, Vapor Connoisseur, is a provider of custom, private-label vaporizers and accessories. FSD currently serves the needs of over 80 brands in the North American marketplace. Vapor Connoisseur is recognized for its high quality and innovative vaporization devices. Products are tailored to client needs, ensuring both safety and reliability and FSD will continue to provide these services in coordination with the supply from both Sunniva Campuses.
For more information please visit: www.sunniva.com
Neither 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.
This press release contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, statements regarding Sunniva’s plan to cultivate, produce and distribute a broad range of solutions focused on patients’ needs and Sunniva’s plans, timing and estimates for its facilities, are “forward-looking statements.” Forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others, the risk factors included in the Sunniva’s continuous disclosure documents available on www.sedar.com. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. Although Sunniva has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. Sunniva assumes no obligation to update any forward-looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.
Palm Beach, FL – (June 18, 2018) — Major developments taking place in the legal cannabis industry in North America, particularly Canada. Canada is just about on the cusp of legalizing recreational marijuana through Bill C-45, which is best known as the Cannabis Act that is highly anticipated to be signed into law very soon. The long enduring process and expected legalization of recreational cannabis is a long time coming for marijuana industry as a whole. The long process for the Bill C-45 first made its way to Canada’s Senate just about 14 months ago, and was only voted on after numerous debates, speeches, and amendments just recently. Industry experts are not certain what the demand and supply picture will look like in Canada because it often takes Health Canada a long time to issue cultivation licenses and sales permits. But either way, as the long waited day approaches, active companies in the industry are making moves to ready that include: Choom™ Holdings Inc. (CSE:CHOO) (OTC:CHOOF), Aurora Cannabis Inc. (TSX:ACB) (OTC:ACBFF), Canopy Growth Corp. (TSX:WEED) (NYSE:CGC), Aphria Inc. (TSX:APH) (OTC:APHQF), The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) (OTC:TGODF).
Choom™ Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) BREAKING NEWS: Choom™, an emerging fully-integrated cannabis company, is pleased to announce it has closed its previously announced non-brokered private placement (June 13, 2018). The Company issued 14,225,352 shares for total gross proceeds of $10.1 million. Aurora Cannabis is the cornerstone investor in the placement with a lead order of $7 million. All securities issued are subject to a four month hold period.
“The financing provides us with the funds to accelerate the execution of our unique retail strategy moving forward.” States Chris Bogart, CEO and President of Choom. “We are now well positioned to expand our production and retail footprint, as well as, pursue further opportunities across Canada.”
None of the securities issued in connection with the placement will be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there by any sale of the securities in any state where such offer, solicitation, or sale would be unlawful. Read this and more news for Choom™ at: http://www.marketnewsupdates.com/news/choo.html
Additional industry related developments from around the markets:
Aurora Cannabis Inc. (TSX:ACB.TO) (OTCQX:ACBFF) and Anandia Laboratories Inc. have signed a binding term sheet whereby Aurora intends to acquire all of the issued and outstanding common shares of privately held Anandia in an all-share transaction valued at approximately $115-million on a fully diluted basis. Led by chief executive officer and co-founder Dr. Jonathan Page, PhD, one of the industry’s most widely recognized cannabis experts, Anandia is considered the industry leader in science, genetics and independent cannabis product testing. Dr. Page was the first scientist to sequence the cannabis genome and provide deep insights into the biosynthesis of cannabinoids and the interplay between cannabinoids and terpenes.
Canopy Growth Corp. (TSX:WEED.TO) (NYSE:CGC) has priced its previously announced offering of convertible senior notes due 2023. The company will issue $500-million aggregate principal amount of the notes. Canopy Growth has granted the initial purchasers of the notes an option to purchase up to an additional $100-million aggregate principal amount of notes. The offering was upsized from the previously announced $400-million aggregate principal amount. Cowen and Company LLC and BMO Nesbitt Burns Inc. are acting as joint book-running managers, and Eight Capital and Bryan, Garnier & Co. are acting as co-managers for this offering. Canopy Growth has been advised by Greenstar Canada Investment LP, an affiliate of Constellation Brands Inc., that it intends to participate in the offering.
Aphria Inc. (TSX:APH.TO) (OTCQB:APHQF) has appointed Joel Toguri as vice-president of sales, effective on June 18, 2018. Mr. Toguri joins the company from Southern Glazer’s of Canada, where he was vice-president of sales and operations since 2013. “We’re thrilled to bring Joel’s incredible talent and considerable experience to Aphria,” said Jakob Ripshtein, chief commercial officer at Aphria. “Over many years, Joel has developed a proven track record of driving sales, generating growth and delivering results. His experience in building Southern Glazer’s in Canada and his deep familiarity with our exclusive sales distribution partner will help to ensure Aphria’s brands and products are successfully represented by cannabis retailers throughout the country.”
The Green Organic Dutchman Holdings Ltd. (TSX:TGOD.TO) (OTCQX:TGODF) has entered into a strategic partnership with Epican Medicinals Ltd. This partnership will add an additional 14,000 kilograms, taking Green Organic’s total organic financed capacity to 130,000 kg. Epican is a vertically integrated Jamaican cannabis company with cultivation, extraction, manufacturing and retail distribution licences. This strategic partnership introduces Green Organic’s premier organic cannabis brand to the international medical market. “This represents the first of many strategic partnerships TGOD intends to execute in the coming months,” said Robert Anderson, chief executive officer. “Our value-added approach taken in this investment will set an international M&A framework for capital investment, transfer of knowledge and sector expertise. We will continue to evaluate international opportunities that will assist us in executing our business plan to become the world’s largest organic cannabis brand,” continued Mr. Anderson.
DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated forty five hundred dollars for news coverage of the current press release issued above by Choom™ Holdings Inc. by a non affiliated third party. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.
Everett Jolly, Host of “Stock Day” Welcomes Richard T. Schumacher of Pressure BioSciences Back on the Show to Discuss Significant Debt to Equity Conversions and other Recent Accomplishments
PHOENIX, June 18, 2018 — Richard T. Schumacher, President and CEO of Pressure BioSciences, Inc. (OTCQB:PBIO) (“PBI” and “the Company”) was recently interviewed on Uptick Newswire’s “Stock Day” podcast. Schumacher discussed the Company’s continued financial success, the significant amount of debt the Company has converted into equity over the past 30 days, and the Company’s plans to up-list to a national exchange before the year is out.
“Although we are a QB company on the OTC Marketplace, we run the Company as if we were NASDAQ or NYSE-Amex listed. This is important, since we have expectations of moving up to a national stock exchange before the end of this year,” commented Schumacher.
Schumacher stresses that the Company has been working diligently to meet the requirements necessary to up-list PBIO to a national exchange. One such requirement is that the Company must show strong, positive stockholders equity. The Company made tremendous strides in this regard when they announced the conversion of over $13.6 million of debt into equity over the past 30 days.
Pressure BioSciences is unique in the biological field. “We’re changing a paradigm that’s existed in labs for maybe 50 years,” said Schumacher. The Company’s pressure cycling technology (“PCT”) carefully breaks cells open while minimizing damage to the important internal contents such as DNA, RNA, lipids, and proteins. Many of the other extraction methods used routinely by as many as 500,000 researchers worldwide involve breaking cells open in a more volatile and destructive ways that can actually damage the biomolecule contents or put researchers at risk. PBI’s unique PCT method is more like squeezing a sponge, and the number of squeezes and level of pressure necessary for each unique cell type can be programmed into a computer that is part of their instrument. Individualizing profiles for human, plant, animal, and other normal or cancer cell types can promote consistency in research while significantly reducing variability, so very important in scientific research.
“High pressure has not really been utilized that much in the lab up to now, mainly because until we came along, there was really no way of safely getting high pressure into the lab. We use pressures up to 6 times the pressure you would feel if you were standing at the bottom of Mariana’s Trench, with six miles of ocean on top of you. Now that is pressure!” Schumacher went on to mention that their pressure chambers can safely reach levels up to 100,000 PSI, a staggering high in the industry.
With a market cap of about $4.2 million and shares selling at just under $3, Jolly and believes that now is a great time for investors to get involved with PBI. “It’s an extremely undervalued company. It’s one of those undiscovered gems for which investors are always looking. The Company has done very well over the past 18-24 months, and we expect they will continue to do well, yet their stock price is actually down about 75% over that time. At some point, we believe they will be discovered,” said Jolly. “Until then, in our opinion, the stock price is not even close to a true reflection of the value of this company.”
To hear more about the Company’s recent debt to equity conversions, its partnership with ISS Inc., and its globally-used flagship products, please click the following link to hear the full interview on Uptick Newswire’s website.
https://upticknewswire.com/featured-interview-ceo-ric-schumacher-of-pressure-biosciences-inc-otcqb-pbio-6/
Investors Hangout is a proud sponsor of Uptick Newswire’s “Stock Day” Podcast, and encourages listeners to visit the company’s board on their website.
http://www.investorshangout.com
About Pressure BioSciences, Inc.
Pressure BioSciences, Inc. (OTCQB:PBIO) is a leader in the development and sale of innovative, broadly enabling, pressure-based solutions for the worldwide life sciences industry. Our products are based on the unique properties of both constant (i.e., static) and alternating (i.e., pressure cycling technology, or “PCT”) hydrostatic pressure. PCT is a patented enabling technology platform that uses alternating cycles of hydrostatic pressure between ambient and ultra-high levels to safely and reproducibly control bio-molecular interactions (e.g., cell lysis, biomolecule extraction). Our primary focus is in the development of PCT-based products for biomarker and target discovery, drug design and development, biotherapeutics characterization and quality control, soil & plant biology, forensics, and counter-bioterror applications. Additionally, major new market opportunities have emerged in the use of our pressure-based technologies in the following areas: (1) the use of our recently acquired PreEMT technology from BaroFold, Inc. to allow immediate entry into the biologics contract research services sector, and (2) the use of our recently-patented, scalable, high-efficiency, pressure-based Ultra Shear Technology (“UST”) platform to (i) create stable nano-emulsions of otherwise immiscible fluids (e.g., oils and water) and to (ii) prepare higher quality, homogenized, extended shelf-life or room temperature stable low-acid liquid foods that cannot be effectively preserved using existing non-thermal technologies.
Contact
Pressure BioSciences, Inc.
Richard T. Schumacher – President & CEO
508-230-1828
Safe Harbor Statement
Statements contained in this press release regarding PBIO’s intentions, hopes, beliefs, expectations, or predictions of the future are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based upon the Company’s current expectations, forecasts, and assumptions that are subject to risks, uncertainties, and other factors that could cause actual outcomes and results to differ materially from those indicated by these forward-looking statements. These risks, uncertainties, and other factors include, but are not limited to, the risks and uncertainties discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016, and other reports filed by the Company from time to time with the SEC. The Company undertakes no obligation to update any of the information included in this release, except as otherwise required by law.
About Uptick Newswire and the “Stock Day” Podcast
Uptick Newswire is a private company reaching out to the masses keeping investors and shareholders up to date on company news and bringing transparency to the undervalued, undersold, micro-cap stocks of the market and is the sole producer of the Uptick Network “Stock Day” Podcast. The Uptick Network “Stock Day” Podcast is an extension of Uptick Newswire.
For more information about PBIO and this press release, please click on the following website link:
http://www.pressurebiosciences.com
New York, New York–(June 15, 2018) – NetworkNewsAudio announces the Audio Press Release (APR) titled “Self-Driving Car Companies Face Choice Between Active and Passive Sensors,” featuring Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX).
To hear the NetworkNewsAudio version, visit http://nnw.fm/Xo4Iu
To read the original editorial, visit http://nnw.fm/lQ4PJ
Although active sensors are certified according to safety regulations (FCC / FDA / IEC etc.) and are thus safe, it is important to keep in mind that each device is certified as a separate unit. At this stage, it is too early to measure the effects of energy exposure emitted by hundreds of vehicles and road infrastructure on road users. Active sensors (especially radars) might pose a health hazard.
QuadSight’s sensors don’t project any sort of energy. As such, they are unaffected by the interference problem and don’t contribute to it. This makes QuadSight a more reliable option than many others available.
“At Foresight, we believe that a car’s vision system should be nothing less than perfect,” said Haim Siboni, CEO of Foresight. “Vision is the foundation of passenger safety, and vision perfection under all weather and lighting conditions is clearly the breakthrough that vehicle makers need to build consumer confidence in order to accelerate autonomous vehicle adoption.”
About Foresight
Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), founded in 2015, is a technology company engaged in the design, development and commercialization of stereo/quad-camera vision systems and V2X cellular-based solutions for the automotive industry. Foresight’s vision systems are based on 3D video analysis, advanced algorithms for image processing and sensor fusion. The company, through its wholly owned subsidiary Foresight Automotive Ltd., develops advanced systems for accident prevention which are designed to provide real-time information about the vehicle’s surroundings while in motion. The systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. The company’s systems are targeting the Advanced Driver Assistance Systems (ADAS), semi-autonomous and autonomous vehicle markets. The company estimates that its systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform and advanced technology. For more information, visit the company’s website at www.ForesightAuto.com.
About NetworkNewsAudio
NetworkNewsAudio (NNA) , a NetworkNewsWire (NNW) Solution, allows you to sit back and listen to market updates, CEO interviews and a Company AudioPressRelease (APR). These audio clips provide snapshots of position, opportunity and momentum. NetworkNewsAudio (NNA) is another NetworkNewsWire (NNW) Solution that can assist your company by cutting through the overload of information in today’s market, NNA brings its clients unparalleled visibility, recognition and brand awareness. NetworkNewsWire (NNW) is where news, content and information converge. NetworkNewsWire (NNW) is a comprehensive provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW has the unparalleled ability to reach a wide audience of investors, consumers, journalists and the general public with an ever-growing distribution network of more than 5,000 key syndication outlets across the nation.
For more information, visit: www.NetworkNewsAudio.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. For more information, please visit https://www.NetworkNewsWire.com.
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer.
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.
Corporate Communications Contact:
NetworkNewsWire (NNW)
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