News

$SNNVF Secures Additional USD $5.0 Million in Purchase Orders

VANCOUVER, British Columbia, Jan. 22, 2019 —  Sunniva Inc. (“Sunniva”, the “Company”, “we”, “our” or “us”) (CSE:SNN) (OTCQB:SNNVF), a North American provider of cannabis products and services, is pleased to announce a CAD $10.0 million non-brokered offering (the “Financing”) of convertible debentures (“Convertible Debentures”) to provide additional working capital in response to higher than anticipated near-term demand for Sunniva branded cannabis products which includes an additional USD $5.0 million in retail dispensary purchase orders.

Including the initial USD $2.4 million cannabis purchase contracts which were announced on January 4, 2019, Sunniva now has secured a total of USD $7.6 million of near-term future sales contracts for Sunniva branded cannabis products in California. Sales commenced in January 2019, and these initial contracts are to be completed in the first fourth months of 2019.  The contracts include purchases of the following Sunniva branded product lines:

  • Ultra-pure distillate products: 1.0 ml, 0.5 ml and 0.33 ml filled vape cartridges, live resin vape cartridges and disposables pens
  • Premium concentrates: live resin extracts, shatters, and waxes
  • Premium Flower

In advance of large-scale production at the Company’s greenhouse in Cathedral City, California, the Financing will be used to enable Sunniva to continue to secure additional clean biomass for the Company’s extraction facility, to obtain clean flower from strategic relationships and for general corporate purposes. Purchased flower is currently being packaged utilizing our large-scale automated packaging machines, branded and then sold to our retail clients, allowing Sunniva to capture significant margin in the flower category.

“Now that we have strengthened our position as a true vertically integrated cannabis company in California with our in-house distribution company and a growing retail network, we are recognizing significant demand for our Sunniva branded products, which is driving our company to a new level of growth.  We are now revenue generating in California from sales of our branded products.  Our focus is to continue to secure monthly purchase orders for our brands throughout the year with licensed California retailers as we continue to ramp up all our production capabilities. The Financing will enable us to run at full speed as we accelerate our growth throughout 2019,” stated Kevin Wilkerson, Chief Operating Officer of Sunniva’s California operations.

The Convertible Debentures issued under the Financing will have the following terms:

  • Term:                             24 months; maturity date of February 15, 2021
  • Interest Rate:                 10% (paid annually)
  • Conversion Rights:          Convertible into common shares of Sunniva at any time within the Term
    at the Conversion Price at the sole discretion of the holder
  • Conversion Price:            CAD $5.27 per common share

Certain members of Sunniva’s senior management team are participating, collectively, for approximately 25% of the total Financing. Closing of the Financing is subject to the approval of the Canadian Securities Exchange and is expected to occur on or about February 8th, 2019.

The Convertible Debentures offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Convertible Debentures in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

About Sunniva Inc.

Sunniva, through its subsidiaries, is a vertically integrated cannabis company operating in the world’s two largest cannabis markets – California and Canada.  Our ability to leverage our large-scale, purpose-built cGMP designed greenhouse, offering better quality assurance with cannabis products free from pesticides, uniquely positions Sunniva as a leading supplier of safe, high quality products at scale. Through our strategically positioned cultivation and extraction facilities in California, we are launching Sunniva branded products in various product categories including flower, pre-rolls, vape cartridges, and premium concentrates.  Our compliant distribution in California will ensure the placement of Sunniva branded products at licenced dispensaries throughout the state. We continue to pursue other upstream vertical opportunities. Sunniva’s management and board of directors have a proven track record for creating significant shareholder value both in the healthcare and biotech industries.

This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”), including, but not limited to, statements relating to the Company’s acceleration of growth in California and pursuit of upstream vertical opportunities, the sale of products and production from Sunniva’s extraction facility, the completion of the Company’s cannabis purchase contracts, the anticipated production and revenue from the extraction facility, the conditions for and timing of closing of the Financing and the use of proceeds from the Financing. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

Company Contacts:

Sunniva Inc.
Dr. Anthony Holler
Chairman and Chief Executive Officer
Phone: (866) 786-6482

Investor Contact:                                                        
Phil Carlson / Erika Kay
KCSA Strategic Communications
Phone: (212) 896-1233
Email: pcarlson@kcsa.com / ekay@kcsa.com

Media Contact:
Katelyn Tumino
KCSA Strategic Communications
Phone: (212) 896-1252
Email: ktumino@kcsa.com

Tuesday, January 22nd, 2019 News Comments Off

$RIV Announces Investment in Adult-Use Cannabis Beverage and Edibles Brand

Canopy Rivers Inc. (the “Company” or “Canopy Rivers”) (TSXV:RIV) is pleased to announce it has completed an equity investment in 10663522 Canada Inc., or “Herbert” (“Herbert”), a unique brand platform that focuses on the adult-use cannabis beverage and edibles market. Canopy Rivers subscribed for C$1,500,000 of preferred shares in Herbert, and received incremental warrants entitling the Company to increase its economic interest in Herbert under certain circumstances, as well as other governance-related rights.

“Herbert represents an opportunity for Canopy Rivers to be invested at a very early stage in a company focused on the adult-use cannabis beverage and edible product segment,” said Narbe Alexandrian, President of Canopy Rivers. “In the US, cannabis-infused beverages have emerged as a high-growth segment within the ingestibles category, and include a variety of products in both THC- and CBD-dominant formats. In Canada, we expect similar growth beyond dried flower and oils, into food and beverage. Canopy Rivers believes that Herbert, equipped with existing R&D, marketing and manufacturing expertise, has the ability to enter this market quickly and achieve success in creating widely appealing THC-infused beverages and edibles under this new standalone brand.”

“We are thrilled to be partnering with Canopy Rivers, one of the most progressive players in the global cannabis sector,” said Lee Reitelman, Co-Founder and Director of Marketing at Herbert. “We believe cannabis offers a range of experiences to consumers, and we look forward to unlocking that potential for a wider audience. We see the beverage category as especially well-suited for the delivery of cannabis, in providing a convenient, consistent, fast-acting, low-sugar alternative to conventional edible products. As Herbert seeks out new frontiers in the THC-infused functional food and beverage landscape, we are looking forward to being able to leverage Canopy Rivers’ diverse platform of innovative cannabis ventures to achieve our goals.”

Herbert’s mission is to combine advanced technology with its knowledge and appreciation of the experience-enhancing properties of cannabis, creating products specifically designed around consumers’ many lifestyle needs. The company’s core beverage offering will focus primarily around THC-infused products designed for distribution within Canada. Established by certain principals of Greenhouse Juice Company (“Greenhouse”), Herbert will, through a supply arrangement with Greenhouse, leverage Greenhouse’s existing purpose-built, food-grade and GMP-compliant production and processing facility, one of the most sophisticated of its kind in North America. On January 14, 2019, Canopy Rivers announced a convertible debt financing in Greenhouse, a dynamic plant-based food and beverage company with a new focus on creating CBD-infused products.

About Canopy Rivers Inc.
Canopy Rivers is a unique investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers works collaboratively with Canopy Growth (TSX: WEED, NYSE: CGC) to identify strategic counterparties seeking financial and/or operating support. Canopy Rivers has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the emerging cannabis sector. As the portfolio continues to develop, constituents will be provided with opportunities to work with Canopy Growth and collaborate among themselves, which Canopy Rivers believes will maximize value for its shareholders and foster an environment of innovation, synergy and value creation for the entire ecosystem.

Forward-Looking Statements
This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding: the growth of the cannabis-infused beverage and edibles segment; the consumer shift into cannabis food and beverage; Herbert’s ability to enter the market quickly and achieve success backed by the research and development, marketing and manufacturing expertise of Greenhouse; Herbert’s distribution plans; Herbert’s ability to create products designed around consumers’ needs; Canopy Rivers as a progressive player in the cannabis sector; cannabis offering a wide range of experiences; the beverage category being well-suited for the delivery of cannabis; the ability of Herbert to leverage the Canopy Rivers platform; and other expectations for other economic, business, and/or competitive factors.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflects management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: regulatory and licensing risks; competition in the cannabis food and beverage market; the ability of Herbert to distribute in Canada; the popularity of cannabis food and beverages; Canopy Rivers’ platform; changes in general economic, business and political conditions, including changes in the financial markets; the global regulatory landscape and enforcement related to cannabis, including political risks and risks relating to regulatory change; changes in research related to cannabis and cannabis related products; risks relating to anti-money laundering laws; compliance with extensive government regulation; public opinion and perception of the cannabis industry; as well as the risk factors set out in the joint management information circular of Canopy Rivers Corporation and the Company dated August 8, 2018, filed with Canadian securities regulators and available on the Company’s issuer profile on SEDAR at www.sedar.com.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:
Canopy Rivers Inc.

Karoline Hunter
Sr. Director, Investor Relations & Communications
E-mail: ir@canopyrivers.com

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

Tuesday, January 22nd, 2019 News Comments Off

$NETE Netevia SDK Enables Payments Across IoT Devices

Internet of Things market expected to grow to $520 billion by 2021

MIAMI, FL, Jan. 22, 2019 — via NEWMEDIAWIRE — Net Element, Inc. (NASDAQ: NETE) (“Net Element” or the “Company”), a global technology and value-added solutions group that supports electronic payments acceptance in a multi-channel environment including point-of-sale (“POS”), today announced the launch of Netevia In-App Payments Software Development Kit (SDK) for Internet of Things (“IoT”) devices, enabling application developers and hardware manufacturers to process payments within their consumer-facing applications. With just a few lines of code, Netevia’s SDK for IoT, allows developers to easily and professionally build a fully PCI compliant, secure and seamless payments flow experience for their devices.

IoT creates a network of devices that interact over the internet and can be remotely monitored and/or controlled. IoT works by extending internet connectivity beyond desktops, laptops, smartphones and tablets to include a network of non-internet items, enabling communication and data exchange with devices that are embedded with smart technology such as vehicles and home appliances.

The capabilities and potential of this market are explosive. According to Bain & Company, the global IoT market will grow to $520 billion by 2021 – more than double the $235 billion spent in 2017. Bain also notes that “pent-up” demand creates considerable opportunity for technology providers who can present proofs of concepts and successful implementation.

The SDK is part of the Netevia’s feature-ready multi-channel payments platform that connects and simplifies payments through a single integration point to increase economic efficiency of all transactions made within the ecosystem. Among its capabilities is compliant cryptocurrency payment acceptance.

“The Netevia Platform simplifies payments across multiple channels through a single point of integration,” commented Andrey Krotov, Chief Technology Officer of Net Element, Inc. “According to Visa, Inc., by 2020 there will be more than 50 billion devices connected to the Internet, providing a huge opportunity for these devices to include payments experience through Netevia SDK.”

About Net Element
Net Element, Inc. (NASDAQ: NETE) operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the U.S. and selected emerging markets. In the U.S., the Company aims to grow transactional revenue by innovating SME productivity services using various technology solutions and Aptito, our cloud-based, restaurant and retail point-of-sale solution. Internationally, Net Element’s strategy is to leverage its omni-channel platform to deliver flexible offerings to emerging markets with diverse banking, regulatory and demographic conditions. Net Element was ranked as one of the fastest growing companies in North America on Deloitte’s 2017 and 2018 Technology Fast 500™. In 2017 we were recognized by South Florida Business Journal as one of 2016′s fastest-growing technology companies. Further information is available at www.NetElement.com.

Forward-Looking Statements
Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Net Element and are difficult to predict. An example of such risk and uncertainty is whether the Netevia In-App Payments Software Development Kit (SDK) for Internet of Things (“IoT”) devices and its cryptocurrency payment acceptance feature will gain traction and be a success for the Company. Additional examples of such risks and uncertainties include but are not limited to (i) Net Element’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Net Element’s ability to maintain existing, and secure additional, contracts with users of its payment processing services; (iii) Net Element’s ability to successfully expand in existing markets and enter new markets; (iv) Net Element’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Net Element’s business; (viii) changes in government licensing and regulation that may adversely affect Net Element’s business; (ix) the risk that changes in consumer behavior could adversely affect Net Element’s business; (x) Net Element’s ability to protect its intellectual property; (xi) local, industry and general business and economic conditions; and (xii) adverse effects of potentially deteriorating U.S.-Russia relations, including, without limitation, over a conflict related to Ukraine, including a risk of further U.S. government sanctions or other legal restrictions on U.S. businesses doing business in Russia. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Net Element with the Securities and Exchange Commission. Net Element anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Net Element assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.

Contact:

Net Element, Inc.

+1 (786) 923-0502

www.NetElement.com

Media@NetElement.com

Corporate Communications Contact:

NetworkNewsWire (NNW) 

New York, New York 

www.NetworkNewsWire.com

212.418.1217 Office 

Editor@NetworkNewsWire.com
Tuesday, January 22nd, 2019 News Comments Off

$YGYI CLR Roasters Expands Capabilities in Nicaragua and the USA

Comprehensive Agreement Reached on Construction of State of the Art Processing Plant Increase in Profit Participation for CLR Roasters and Acquisition of the coffee brand Café Cachita

SAN DIEGO, Jan. 22, 2019 — Youngevity International, Inc. (YGYI), a leading omni-direct lifestyle company, announced today that its wholly-owned subsidiary, CLR Roasters, has executed agreements with its Nicaraguan Based Partners, H and H Export and Marisol Siles, whereby the company anticipates expanding its capabilities in Nicaragua through the planned construction of one of the largest processing mills in Central America. In addition to the agreement to construct new processing facilities, the agreement increases CLR Roasters’ profit participation in the green coffee distribution business with its Nicaraguan Based Partners from 50% to 75% of profits. As part of the agreement CLR is also acquiring the coffee brand Café Cachita.

The construction for the new processing facility is expected to be complete by September of this year in time for the 2020 harvest which will be the second year of the CLR Roasters’ recently signed, 5-year, $250 million green coffee contract. The new processing facility will sit on 45 acres of real estate in Matagalpa, Nicaragua and is conveniently accessible to the coffee growing regions of Nicaragua. When complete, the planned facility is expected to have 28,000 square feet of office space, a 160,000 square foot warehouse capable of holding 48 million pounds of green coffee, and the ability to process over 53 million pounds of green coffee on an annual basis. The facility is expected to be equipped with the most modern technology available and to house a highly efficient lab that will allow for consistency in quality.

“We are very pleased to expand our partnership with Alain Hernandez of H and H Export company and Marisol Siles of Siles Family Plantation Group. We cannot think of better people to be in business with in Nicaragua,” stated Dave Briskie, President and CFO of Youngevity, CLR Roaster’s parent company. “In addition to the new facility we will be retaining our current processing facility, known as La Pita, to produce our certified coffees. Having the ability to keep our organic, rainforest alliance and other certified coffees separate from conventional coffees should provide us with a strong strategic advantage in the market and increased capacity to support growth in the coming years.”

“I am extremely excited about the expanded partnership with Youngevity, CLR, and Siles Family Plantation,” stated Alain Hernandez, President of H&H Export company. “We have been developing this expanded opportunity for several years and it is very special to see it come to fruition. We expect that these capabilities, along with the strong relationship with our producers, will provide us a competitive edge in this market.”

Ernesto Aguila, Founder of CLR Roasters said, “We are very excited to add a second espresso brand to our product portfolio. Café Cachita provides us with additional shelf space at retail and allows us to be more competitive with our marketing and sales efforts and should drive incremental revenue for our Cafe La Rica brand in the marketplace as well.”

Marisol Siles, President of Siles Family Plantation Group, stated, “With all our teams working together for one common goal this business relationship will be significant for all of us. We have assembled a very strong and experienced team to support logistics, administration, quality control, and local market know-how in support of this major project. Due to the scale of this project we anticipate being better able to support the local community and increase our social responsibility which is a very important part of our culture.”

About CLR Roasters

Youngevity’s coffee manufacturing division, CLR Roasters, was established in 2001 and is a wholly-owned subsidiary. CLR Roasters is a full-sized coffee roaster that produces gourmet coffees under its own boutique brands — Café La Rica®, Josie’s Java House®, and Javalution®; manufactures a variety of private labels for major national chains; and for the direct selling channel under Youngevity International. The company remains one of the largest suppliers in North America to the cruise line industry. CLR was the first entrant into the fortified coffee niche with its Youngevity JavaFit® brand. In May 2014, CLR acquired a coffee plantation and processing facility in Nicaragua, allowing the entity to control coffee production and quality — from field to cup.

About Youngevity International, Inc.

YGYI, Inc. (NASDAQ:YGYI), is a leading omni-direct lifestyle company offering a hybrid of the direct selling business model, that also offers e-commerce and the power of social selling. Assembling a virtual Main Street of products and services under one corporate entity, YGYI offers products from the eight top selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, fashion, essential oils, photo, as well as innovative services. The Company was formed in the course of the summer 2011 merger of Youngevity Essential Life Sciences with Javalution® Coffee Company (now part of the company’s food and beverage division). The resulting company became Youngevity International, Inc. in July 2013. For investor information, please visit YGYI.com. Be sure to like us on Facebook and follow us on Twitter.

Safe Harbor Statement

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases forward-looking statements can be identified by terminology such as “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and similar expressions, and includes statements regarding expanding its capabilities in Nicaragua through planned construction of one of the largest processing mills in Central America, the completed facility having 28,000 square feet of office space, a 160,000 square feet warehouse capable of holding 48 million pounds of green coffee, the expected completion of the new processing facility by September 2019, and the ability to process over 53 million pounds of green coffee on an annual basis, the facility being equipped with the most modern technology available and a highly efficient lab that will allow for consistency in quality, having the ability to keep our organic, rainforest alliance and other certified coffees separate from conventional coffees providing us with a strong strategic advantage in the market and increased capacity to support growth in the coming years, the capabilities from the expanded partnership with Siles Family Plantation along with the strong relationship with our producers providing a competitive edge in this market and adding Café Cachita as a second brand of espresso providing an opportunity to expand the shelf space at retail and drive incremental revenue for our Cafe La Rica brand in the marketplace and the ability to support the local community and increase our social responsibility which is a very important part of our culture. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, our ability to complete construction of one of the largest processing mills in Central America, with 28,000 square feet of office space, a 160,000 square feet warehouse capable of holding 48 million pounds of green coffee and the ability to process over 53 million pounds of green coffee on an annual basis, our ability to equip the facility being with the most modern technology available and a highly efficient lab that will allow for consistency in quality, our ability to establish a strong strategic advantage in the market and increased capacity to support growth in the coming years by keeping our organic, rainforest alliance and other certified coffees separate from conventional coffees, our ability to establish a competitive edge from the expanded partnership with Siles Family Plantation along with the strong relationship with our producers, our ability to expand the shelf space at retail and drive incremental revenue for our Cafe La Rica brand in the marketplace by adding Café Cachita as a second brand of espresso, our ability to continue our international growth, our ability to continue our coffee segment growth, our ability to leverage our platform and global infrastructure to drive organic growth, our ability to improve our profitability, expand our liquidity, and strengthen our balance sheet, our ability to continue to maintain compliance with the NASDAQ requirements, the acceptance of the omni-direct approach by our customers, our ability to expand our distribution, our ability to add additional products (whether developed internally or through acquisitions), our ability to continue our financial performance and the other factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2017 and our subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

YGYI Company Contact
Main Office: (619) 934-3980
Main Fax: (619) 934-3205

YGYI Investor Relations
800.504.8650
investors@ygyi.com

Tuesday, January 22nd, 2019 News Comments Off

$TGODF Launches New Patient and Consumer Website

  • The Green Organic Dutchman recently announced the launch of a new website aimed at addressing the needs of various types of customers, as well as investors
  • The website will enable potential clients to sign up for early access to the company’s premium organic cannabis in January 2019
  • TGOD’s website launch is another step toward ensuring accessibility and convenient service following a partnership with HelloMD to facilitate online sales and personalized customer service

Mid-December 2018, cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) announced the launch of a new informative website aimed at addressing the needs of both medical patients and recreational consumers.

The company said that the new online platform is built to deliver the best digital experience in the industry. At www.TGOD.ca, visitors will find an array of practical features. The website offers a brand new sales experience and a focus on high quality, industry-relevant content. Additionally, it includes dedicated patient portals, a redesigned investor section, a consumer education center and updated media portals.

All of the digital developments are based on over 3,000 patient interviews, multiple surveys, questionnaires and extensive preliminary planning, The Green Organic Dutchman announced in an official release (http://nnw.fm/MGb5w).

“A website is the first point of contact for most consumers,” TGOD Marketing Vice President Andrew Pollock said in the release. “Those consumers have many choices with respect to their cannabis brands, and it is critical that TGOD provide them with the ultimate experience. With respect to navigation, content, and shopability, we believe we have the absolute best website in the cannabis industry today.”

The new website also highlights the beginning of organic cannabis sales in 2019. A selection of 200 medical patients will be provided with first access to purchase the company’s premium organic cannabis in late January 2019. Anyone else who is interested can register on the website for announcements and future cannabis sales in the spring of 2019.

Investors can also register using the form available at www.TGOD.ca/pages/Investors-Information for the purpose of receiving regular The Green Organic Dutchman updates. The company is working to enhance its communications strategy through the provision of research coverage, progress reports, weekly video updates, information about international market developments and corporate structure/managerial updates.

The launch of the new website is just the latest TGOD project aimed at streamlining the medical cannabis experience in the digital age.

On December 13, the company announced a partnership with HelloMD, a company that provides solutions for patients looking for online medical cannabis access in Canada (http://nnw.fm/S5BnY).

Once the sale of premium organic cannabis begins, The Green Organic Dutchman is expected to ensure integration with HelloMD’s online clinic services. The white-label patient service platform will provide patients interested in medical cannabis with practitioner-led advice and education about the benefits and uses of medical cannabis.

“Making Life Better” is the tagline under which The Green Organic Dutchman operates, and it demonstrates the commitment to addressing the needs of every single consumer, according to Pollock.

Through the launch of the new website and the partnership with HelloMD, The Green Organic Dutchman hopes to ensure easy access to premium organic cannabis and a much more effective and personalized client onboarding process.

For more information, visit the company’s website at www.TGOD.ca

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Tuesday, January 22nd, 2019 News Comments Off

$RIV.V $RIV Milestones Achieved by Its Italian Hemp-Focused Investment

TORONTO, Jan. 17, 2019 — Canopy Rivers Inc. (the “Company” or “Canopy Rivers”) (TSXV: RIV) is pleased to provide an update on the operations of Canapar SrL (“Canapar), an Italian-based hemp production and processing platform and subsidiary of portfolio company, Canapar Corp. Yesterday evening, in Ragusa, Sicily, Canapar hosted a ribbon cutting ceremony for its new cannabidiol (“CBD”) extraction and processing facility. When completed in Fall 2019, this facility is expected to be the largest in Europe. Through its advanced extraction and processing capabilities, it is anticipated to transform 600 metric tons of hemp biomass annually into CBD isolates and derivative products for distribution in the European market.

“In a short time, Canapar has achieved several significant milestones positioning the company as a leader in the nascent European CBD vertical. With over 1,000 hectares of hemp secured, strong partnerships with Italian universities, and this new facility, Canapar is well positioned to supply Europe’s demand for CBD derived products. The company is on the path to bring to market products ranging from CBD isolates, to ‘made in Italy’ beauty products, to pharmaceutical products,” said Olivier Dufourmantelle, Chief Operating Officer of Canopy Rivers.

Management believes Canapar is playing an important role in developing and commercializing the CBD and hemp industry in Italy and Europe. Canapar is seeking to optimize the cultivation and extraction processes of the active ingredients derived from hemp that are used in consumer products, particularly for the cosmetic, natural health and pharmaceutical markets. Canapar relies on an outsource farming model and the company has created a solid network of farmers in Southern Italy, a region with a rich agricultural history. With over 1000 hectares contracted for hemp farming, management believes Canapar is prepared to meet the growing demand for cannabis and CBD derivative products in Europe.

“It was a great day for Canapar, Sicily and the European hemp industry,” said Sergio Martines, CEO of Canapar. “The regulatory landscape in Italy and Europe is creating exciting opportunities for hemp and its derivatives. The size and scale of this extraction and processing facility, our growing hemp resources, as well as various partnerships, ideally position Canapar to pursue these opportunities.”

About Canopy Rivers Inc.

Canopy Rivers is a unique investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers works collaboratively with Canopy Growth (TSX: WEED, NYSE: CGC) to identify strategic counterparties seeking financial and/or operating support. Canopy Rivers has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the emerging cannabis sector. As the portfolio continues to develop, constituents will be provided with opportunities to work with Canopy Growth and collaborate among themselves, which Canopy Rivers believes will maximize value for its shareholders and foster an environment of innovation, synergy and value creation for the entire ecosystem.

Forward-Looking Statements

This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding:the international growth strategy of Canopy Rivers; the expected growth in demand for cannabis derivative products; the rapid growth of the cannabis market; expectations regarding the business of Canapar Italy; the development and commercialization of hemp in Italy; the ability of Canapar Italy to utilize extraction capabilities for the production of CBD oil; Canapar Italy’s ability to generate low-cost, high yield sources of CBD oil; the use of CBD oil in new commercial products; the increasing demand for cannabis-derived products in Italy and the growing global demand for innovative and unique cannabis products; the benefits of the Italian regulatory landscape; and Canapar ability to seize the CBD-infused product market opportunity. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: regulatory and licensing risks; demand for cannabis derivative products in Europe; the Italian regulatory framework for the cultivation of hemp and production of CBD oil; demand for consumer products containing the active ingredients derived from hemp; lack of control over operations; compliance with laws; changes in laws, regulations and guidelines; competition; the difficulty to forecast accurately; cannabis prices; challenging global financial conditions; litigation; government regulation; operating risks involved in the cannabis industry; the ability to attract customers; constraints on marketing; risks inherent in agricultural businesses; product recalls; product liability; reliance on partners; reliance on key inputs; and dependence on suppliers and skilled labour; changes in general economic, business and political conditions, including changes in the financial markets; potential conflicts of interest; the Canadian regulatory landscape and enforcement related to cannabis, including political risks and risks relating to regulatory change; compliance with extensive government regulation; public opinion and perception of the cannabis industry; and the risk factors set out in the joint management information circular of Canopy Rivers Corporation and the Company dated August 8, 2018, filed with Canadian securities regulators and available on the Company’s profile on SEDAR at www.sedar.com.

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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact: 

Canopy Rivers Inc.

Karoline Hunter
Sr. Director, Investor Relations & Communications
E-mail: ir@canopyrivers.com

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

Thursday, January 17th, 2019 News Comments Off

$NUGS Signs LOI to Access Some 40 Licenses in Santa Barbara County

LOS ANGELES, Jan. 16, 2019 — via NetworkWire – Cannabis Strategic Ventures, Inc. (OTC: NUGS) today announces that it has signed a Letter of Intent to partner with a Santa Barbara County cultivation operation that holds approximately 40 commercial cannabis licenses from the County of Santa Barbara, the California Bureau of Cannabis Control, the Manufactured Cannabis Safety Branch, and the CalCannabis Cultivation for growth, manufacturing and cultivation. The parties involved are working on a final agreement.

“As we increase Cannabis Strategic Ventures’ stronghold in the California cannabis market, we are pursuing partnerships that are strategically aligned with our corporate growth plans,” comments Simon Yu, CEO, Cannabis Strategic Ventures. “Obtaining access to a large batch of licenses located between the cannabis-friendly cities of San Francisco and Los Angeles will allow us to expedite our growth and scalability.”

A Pew Research study from September states that 62% of Americans support legal cannabis, double the support recorded in 2000, highlighting increased acceptance for cannabis-friendly regulations. As consumer demand for recreational and medicinal cannabis continues to grow, industry leaders are forced to solidify suppliers for their distribution channels.

“Cannabis Strategic Ventures is excited for 2019 and what increases in consumer demand could mean for our brand,” comments Yu. “We remain focused on managing our business operations for growth and making sure we are well prepared to keep up with the momentum of the cannabis industry.”

About Cannabis Strategic Ventures (NUGS)
Cannabis Strategic Ventures is a Los Angeles based firm that incubates, develops and partners with category leaders within the cannabis sector. The Firm’s NUGS brand experience provides mentorship and a range of essential services to emerging and existing Cannabis consumer brands. The Company recently completed a name and symbol change from Cascade Energy, Inc. Cannabis Strategic Ventures is publicly traded on the U.S. Over the Counter Market with the stock symbol NUGS.

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

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

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

Contact:
Arlene Guzman
Phone:+1-310-359-6860
Email: IR@CannabisStrategic.com

Website: http://www.CannabisStrategic.com

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

Wednesday, January 16th, 2019 News Comments Off