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$PFSF Begins Development of its Blockchain-based E-Commerce Platform

DANA POINT, CA, Aug. 10, 2018 — Pacific Software, Inc. (OTC: PFSF) (“Pacific Software” or the “Company”), an emerging development technology corporation positioned for investments, mergers and acquisitions of software technologies and platforms, announces today it has signed a definitive agreement to begin construction of its proprietary e-commerce trade platform.

Pacific Software, Inc. executed a definitive agreement with Cobalt 47 Technologies LTD, a spin-off of KBQuest Group, to begin construction of its multi-lingual e-commerce B2B and B2C trade platform.  The platform is expected to be in production by November 2018 and will integrate blockchain technology solutions including the Company’s Agri-Blockchain.

The Company’s proprietary platform will facilitate trade between Brazil’s exporters and China’s importers and will be integrated with international distribution channels. In addition, the Company plans on implementing digital marketing campaigns to create brand admiration and awareness to increase global revenue generation.

“We are excited to begin construction of our e-commerce trade platform,” commented Peter Pizzino, President of Pacific Software, Inc. “The initiation of this new platform supports our mission to design, develop and commercialize Hyperledger blockchain technology solutions to establish trust with businesses trading products internationally.”

About Pacific Software

Pacific Software, Inc. (OTC: PFSF) is an emerging development technology corporation positioned for investments, mergers and acquisitions of software technologies and platforms. The Company is a designer, developer and commercial distributor of blockchain-based systems.  The Company intends to be uniquely positioned to deliver B2B and B2C blockchain solutions by utilizing IBM’s Hyperledger Blockchain “Backend as a Service” (BaaS) Infrastructure for three key industries: Agriculture, to target farm-to-table beef exports; Cannabis, to improve Seed-to-Sale supply chain management and traceability; and Opioids/Controlled Substance Management, to create a verifiable and trusted ledger between pharmaceutical manufacturers and consumers.  For additional information please visit www.pacificsoftwareinc.com.

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 Pacific Software. and are difficult to predict. Examples of such risks and uncertainties include but are not limited to whether the hyperledger blockchain technology solutions will be well received or utilized. Additional examples of such risks and uncertainties include, but are not limited to (i) Pacific Software’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Pacific Software’s ability to maintain existing, and secure additional, contracts with users of its solutions; (iii) Pacific Software’s ability to successfully expand in existing markets and enter new markets; (iv) Pacific Software’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 Pacific Software’s business; (viii) changes in government licensing and regulation that may adversely affect Pacific Software’s business; (ix) the risk that changes in consumer behavior could adversely affect Pacific Software’s business; (x) Pacific Software’s ability to protect its intellectual property; (xi) local, industry and general business and economic conditions. 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 quarterly report on filed by Pacific Software with the Securities and Exchange Commission. Pacific Software anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Pacific Software 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:

Pacific Software, Inc.

info@pacificsoftwareinc.com

+1 (305) 467-1872

Corporate Communications Contact:

NetworkNewsWire (NNW)

New York, New York

www.NetworkNewsWire.com

212.418.1217 Office 1

Editor@NetworkNewsWire.com

Friday, August 10th, 2018 Uncategorized Comments Off

$FRSX NetworkNewsWire Announces Publication on Safer Self-Driving Tech

NEW YORK, Aug. 09, 2018  — via NetworkWire — NetworkNewsWire (“NNW”), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Foresight Autonomous Holdings (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.

To view the full publication, titled “From Sunshine to Snow: Self-Driving Car Manufacturers Face the Tough Weather Challenge,” visit: http://nnw.fm/J0Wx3

To truly save lives, autonomous vehicles must overcome those concerns. The technology that will make this happen is being developed all over the world, from design offices in California to factories in China to facilities owned by Foresight Autonomous Holdings (FRSX Profile) in Israel.

Companies are testing a wide variety of sensors for their self-driving systems. Some, including Foresight, use passive sensors such as various vision sensors. Others use active systems that emit energy beams out into the world and sense obstacles based on reflected beams.

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 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)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Thursday, August 9th, 2018 Uncategorized Comments Off

$TGODF $SHOP Announce Agreement

TORONTO, Aug. 09, 2018 — The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (US:TGODF) announced today that it has selected Shopify Inc. (“Shopify”) (NYSE:SHOP) (TSX:SHOP) to build an innovative ecommerce platform for the delivery of medical and future adult-use organic cannabis world-wide.

The Green Organic Dutchman Holdings Ltd. (TGOD) is a research & development company licensed under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”) to cultivate medical cannabis in Canada. TGOD is developing large scale production, global distribution channels and a premium brand to become the leading supplier of organic cannabis worldwide. TGOD is committed to building a powerful, scalable ecommerce solution, and is proud to implement Shopify’s innovative ecommerce platform.

Shopify is the leading cloud-based multichannel ecommerce platform. The company was involved in the partnership between TGOD and Epican Medicinals in Jamaica where they supplied the retail point-of-sale system for Epican’s retail outlets. Additionally, Shopify is developing the pre-registration system for medical patients throughout Jamaica. TGOD will leverage this expertise as it plans for the sale of organic cannabis in domestic and international markets.

“We are pleased to announce this agreement with ecommerce giant Shopify,” said Csaba Reider, President of TGOD. “We see tremendous value in this relationship and Shopify will play an instrumental role in our ability to rapidly scale and provide our premium organic cannabis to global markets.”

“We look forward to working with The Green Organic Dutchman on the development of their online store for medical and adult-use cannabis,” said Loren Padelford, VP & GM at Shopify. “Our platform will allow TGOD to rapidly scale and capitalize on emerging cannabis opportunities in a safe, secure, and reliable way.”

On Behalf of the Board of Directors,
The Green Organic Dutchman Holdings Ltd.


ABOUT THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD.

The Green Organic Dutchman Holdings Ltd. 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 and is building 1,382,000 sq. ft. of cultivation facilities in Ontario, Quebec and Jamaica.

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$350 million dollars and has over 20,000 shareholders.

TGOD’s Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol “TGOD” and “TGOD.WT”, respectively.

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.

Thursday, August 9th, 2018 Uncategorized Comments Off

$PBIO and Ohio State University Work on Groundbreaking Preservative Tech

  • Project backed by $891,000 grant from U.S. Department of Agriculture
  • Ohio State gives Pressure BioSciences $318,000 contract to design and build “first-in-kind” bench-top and floor model Ultra Shear Technology equipment
  • Game-changing technology could provide cost-effective methods of preserving milk, other dairy products and juices at room temperature and without the need for chemical preservatives

Pressure BioSciences Inc. (OTCQB: PBIO), a leading developer of innovative pressure-based solutions for the global life sciences industry, and the highly-regarded College of Food, Agricultural and Environmental Sciences (CFAES) of The Ohio State University, are collaborating to create a cost-effective and game-changing new method of allowing beverages and liquid foods to be stored at room temperature, according to a recent company press release (http://nnw.fm/f9ZUb). The company believes that its Ultra Shear Technology (UST) can be scaled up to make it possible to preserve foodstuffs such as milk, other dairy products and juices without the use of additives and without compromising their look, texture or fresh taste. The company believes that UST will also allow these foods to be conveniently stored at room temperature for extended periods of time.

Combining high pressure and high shear forces while minimizing exposure to damaging high temperatures, this innovative method is expected to allow for the manufacture of healthier and better tasting products by eliminating the need for chemical preservatives and reducing thermal damage.

“The ultimate goal of this collaborative project is for consumers to benefit from the increased availability of wholesome, healthy, better-tasting, shelf-stable, clean label liquid food and beverage options. Imagine liquid foods like milk shipped and stored at room temperature for extended periods of time post-processing, while retaining superior nutritional and taste qualities,” Pressure BioSciences President and CEO Richard T. Schumacher said in a news release.

The U.S. Department of Agriculture’s National Institute of Food and Agriculture is funding the project with an $891,000 grant over four years, extended to Ohio State’s College of Food, Agricultural and Environmental Sciences. Because of its expertise in high pressure and high-pressure equipment, Ohio State sub-contracted Pressure BioSciences to create bench-top and plant floor equipment in a deal worth $318,000.

At the moment, although there are high-pressure processing (HPP) methods that extend shelf-life and reduce disease-causing microbes, these methods are expensive and non-efficient. HPP can reduce food-borne pathogens and extend shelf-life without the need for chemical additives, but it remains a batch process that’s not capable of continuous flow. Because it is only a pasteurization process that does not render food commercially sterile, HPP-processed food must be stored and shipped under refrigeration at all times. “We believe that Ultra Shear Technology will provide economical solutions to these problems, and will offer an additional, clean label processing choice to both consumers and the food industry around the world,” Pressure BioSciences’ Senior Vice President of Engineering, Dr. Edmund Y. Ting, Sr., added.

The joint Ohio State University-Pressure BioSciences program is headed by Dr. V.M. “Bala” Balasubramaniam, a professor of food engineering at CFAES who is known internationally for his research on high-pressure and other types of nonthermal processing and safe processing of food using reduced heat. “We believe UST can be used by food manufacturers for the processing of healthier and improved beverages, sauces, condiments and other foods,” he stated in a news release. Balasubramaniam works with a multidisciplinary team of chemists, microbiologists and nutritionists at Ohio State’s CFAES that investigates innovative food technologies and collaborates with industry entities to implement these technologies commercially.

The program offers the potential to bring revolutionary advantages and cost savings to the consumer and the dairy industry, but also to schools, the military, disaster relief agencies and other such groups, according to Schumacher.

He added that this promising project comes against a backdrop of positive developments for the company. “With our core business showing consistent revenue growth, our BaroFold acquisition generating revenue much sooner than planned, and our Ultra Shear Technology platform getting off to an impressive start, we believe PBIO has now positioned itself well for rapid, explosive growth in the months and years ahead.”

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

More from NetworkNewsWire

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Thursday, August 9th, 2018 Uncategorized Comments Off

$NETE Unified Payments Launches Subscription-Based Payment Processing Services

New Offering Targets the Multi-Billion Dollar Subscription Economy and Gains Traction Through a Partnership Agreement with Payment Club, Projected to Add Over $1.5 Million in Gross Profits Over the Next 4 Years

MIAMI, FL, Aug. 09, 2018 —  Net Element, Inc. (NASDAQ: NETE) (“Net Element” or the “Company”), a global technology and value-added solutions group that supports electronic payments acceptance in a multi-channel environment including point-of-sale (“POS”), e-commerce and mobile devices, announces the launch of subscription-based payment processing offering aimed at small businesses in the United States. This new offering gains traction through partnership agreement with Payment Club, projected to add over $1.5 million in gross profits over the next four years.

The subscription economy has taken commerce by storm. From music and television to beauty and groceries, consumers have grown comfortable with storing their credit cards on file to receive products and services on a recurring basis from brands they love. According to MGI Research, the total addressable market for Subscription Economy technology providers will reach $102 billion by 2020.

Unified Payments’ newly created subscription-based billing engine allows Payment Club and many Independent Software Vendors (ISVs), Value Added Resellers (VARS) and Independent Sales Organizations (ISOs) to bill and manage any payment services and software licenses in a convenient and transparent way.  The turn-key solution includes everything needed for businesses to accept payments in a multi-channel environment including smart point-of-sale devices for card present transactions, fully integrated point of sale systems, as well as online and mobile solutions developed exclusively for Payment Club by Net Element.  The Company plans to expand these services across it’s platforms including Netevia.

Payment Club offers subscription-based payment processing services for a flat monthly fee. The transparent billing structure with no hidden fees and value-added service options make this program very attractive for small businesses and stands out from the competition. As part of Unified Payments’ “Team Unified” partnership program and Financing program, the Company has arranged for $5 million credit facility for the Payment Club to fuel its growth initiatives.

Payment Club membership benefits include: 

  • Multi-channel payment acceptance
  • Fast, friction-less boarding
  • 24/7 support
  • Low monthly flat fee
  • Value-added service options

“Small businesses often complain about the fees they pay for accepting cashless transactions and the burden it places on their business,” commented Vlad Sadovskiy, president of integrated payments for Net Element. “At Unified Payments, we make it fast, easy and affordable to accept cashless payments using the newly introduced subscription-based processing.”

“We worked hard for many months on assuring the potential success of this project and we are both impressed and delighted with our relationship with Net Element and its management team,” commented Anthony Kutcher co-founder and president of Payment Club. “This partnership brings both the technology stack that allows us to bring value-added offerings to our merchants and capital needed to grow our business,” added Alex Ilinski, EVP of business development for Payment Club. “With an addition of Unified Prosperity Financing, we now have up to $7 million available to grow the business.”

About Net Element

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

Forward-Looking Statements

Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Net Element and are difficult to predict. Examples of such risks and uncertainties include but are not limited to whether the Company’s plans to expand the services it provides to Payment Club across its various platforms will materialize. 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
Thursday, August 9th, 2018 Uncategorized Comments Off

$SNNVF Pegged by Investment Researchers as ‘Badly Mispriced’ Stock w/ Return Potential

  • Beacon Securities Limited argues that Sunniva’s Canadian greenhouse alone is worth more than its entire market cap
  • California facility, Canadian cannabis clinics add to company’s value
  • Sunniva also bolstered by agreement with licensed producer Canopy Growth Corp. amid heightened M&A activity in cannabis sector

Cannabis supplier Sunniva Inc.’s (CSE: SNN) (OTCQX: SNNVF) strengthening foothold in California’s and Canada’s consumer-populated markets has been failing to translate to its stock price and market cap since it began trading on the Canadian Securities Exchange and the U.S. OTCQX® Best Market in January, leading investment researchers at Beacon Securities Limited (http://nnw.fm/EX6vv) to classify Sunniva’s public offering as a “badly mispriced” listing that could reward investors who buy in at undervalued levels reported at the time of its July 30 market update, titled ‘Sunniva Inc. (CSE: SNN) California Dreams Have Never Been This Cheap’.

Beacon Securities argues that Sunniva’s assets in Canada are worth more than the company’s entire current $180 million market cap and that its near-commercialization property in California is effectively being given zero value, “or, in fact, negative — a proposition that is ludicrous given the imminent launch of its 489,000 SF greenhouse (with on-site dispensary and distribution license) in the world’s largest cannabis market in California.”

The company’s Canadian assets include a 740,000-square-foot greenhouse in British Columbia that has been permitted and has solidified a take-or-pay agreement with licensed producer Canopy Growth Corp. (TSX: WEED) (OTC: TWMJF) for 45 percent of its output. Beacon notes the heightened pace of merger and acquisition transactions in the cannabis marketplace and opines that it would not be surprising if Canopy buys Sunniva’s Canadian assets just to secure a quality production pipeline.

Beacon anticipates a potential valuation of $250 million for Sunniva’s facility in the community of Okanagan Falls, an unincorporated area 45 kilometers (28 miles) north of the U.S.-Canada border, and it adds the $10 million of yearly revenue generated by Sunniva’s seven medical clinics that could be vertically integrated as a distributor of the facility’s production.

“In summary, we believe the current market cap of Sunniva reflects neither the value of (its) Canadian or US assets. With M&A heating up in both Canada and the US, we believe investors will be rewarded upon buying shares at current levels, especially given the leadership team’s significant experience in maximizing shareholder value,” Beacon’s report concludes.

CEO Anthony Holler told industry trade magazine Public Entrepreneur that the Cathedral City, California, operation should begin production in the third quarter of this year, with the possibility of delivering its first crop before year-end, even before it achieves full-scale operation (http://nnw.fm/B2YKs). Notably, the company is good manufacturing practices certified, which also gives it gravitas with international markets.

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

More from NetworkNewsWire

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Wednesday, August 8th, 2018 Uncategorized Comments Off

$FRSX Self-Driving Car Manufacturers Face the Tough Weather Challenge

NetworkNewsWire Editorial Coverage: Self-driving cars are reliant on their sensors to see the world around them. After years of testing in favorable conditions, these cars are now being assessed in bad weather conditions.

  • Self-driving cars use a wide variety of different sensors.
  • Most testing has taken place until now in areas with good weather to work out the fundamentals of self-driving more easily.
  • More manufacturers are now testing their self-driving cars in adverse weather conditions.
  • This is revealing the strengths and weaknesses of different sensor systems.

Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) (FRSX Profile) has developed a sensor system that uses visible light and thermal imaging to see through fog, rain and snow, and has sold a prototype of the sensor to a leading global Chinese electric vehicle manufacturer. Thermal camera manufacturer FLIR Systems, Inc. (NASDAQ: FLIR) has adapted its technology to the needs of self-driving cars and recently released data to help all manufacturers test the effectiveness of thermal sensors. Ford Motor Company (NYSE: F) has established a subsidiary specializing in self-driving and was the first to carry out tests on snowy roads. Waymo, a subsidiary of Alphabet, Inc. (NASDAQ: GOOG), has established a self-driving technology center in Michigan for adverse weather testing. And critical software needed to support these essential sensors is being developed by companies such as nuTonomy, a subsidiary of autonomous vehicle specialist Aptiv PLC (NYSE: APTV).

Self-Driving Whatever the Weather

Self-driving cars are coming ever closer to actually hitting the roads, with major companies developing and testing completely autonomous vehicles. Some of the systems these vehicles will rely on are already in use, assisting drivers through features such as cruise control.

One of the biggest remaining obstacles standing in the way of marketing these vehicles is the weather. To date, much of the testing of these vehicles is taking place in a small number of areas with limited weather conditions, particularly the hot, dry desert of Arizona. This has been good for developing the fundamentals in relatively uncomplicated conditions, but now more thorough and varied testing is needed. People use their cars year-round in every country and climate. To be safe on the roads, a self-driving vehicle will have to be able to operate in severe weather conditions. As a result, the manufacturers behind self-driving cars have started testing the vehicles in a wider range of conditions. These tests are revealing the limits of some of the current sensor systems and making clear what adjustments will be needed.

Making Driving Safer

Self-driving vehicles are about more than just novelty or saving effort. They have the potential to save lives by removing human error.

Poor weather is responsible for 22 percent of crashes each year. High winds, fog, rain, snow and standing water can all lead to crashes if a driver doesn’t recognize and respond appropriately to the problems those conditions represent.

To truly save lives, autonomous vehicles must overcome those concerns. The technology that will make this happen is being developed all over the world, from design offices in California to factories in China to facilities owned by Foresight Autonomous Holdings (FRSX Profile) in Israel.

Testing in Tougher Environments

In the past few years, the big players in the American self-driving car game have started testing outside of their home ground. Ford has run tests on its self-driving Fusion car in Ann Arbor, Mich. Waymo has also started testing in Michigan while continuing to work in the sunnier climes of California, Texas and Arizona. Ride service Uber, always keen to cut its human resource costs, is testing cars in Pittsburgh.

Testing in tougher environments sets a challenge for self-driving cars on two levels. First is the vehicles’ ability to judge their circumstances and drive accordingly. Do the cars slow down appropriately on wet roads? Do they account for the reduced visibility of other drivers in fog? Can they avoid skidding in snow or mud and follow emergency procedures if their tires lose a grip on the road?

The second problem is more fundamental. Sensors made by companies such as Foresight are an autonomous vehicle’s eyes. They must work properly in all conditions, or a car’s self-driving equipment may be left blind.

Struggling Sensors

Companies are testing a wide variety of sensors for their self-driving systems. Some, including Foresight, use passive sensors such as various vision sensors. Others use active systems that emit energy beams out into the world and sense obstacles based on reflected beams.

Of these active systems, radar can be a useful addition in tough conditions, as it cuts through rain, snow and fog. But it doesn’t provide a detailed understanding of a complicated environment and therefore can’t be used to direct a car on its own. Lidar has different challenges. It can build up a complex picture of the surrounding environment but is vulnerable to interference from the weather. The sensor sends out rapid pulses of infrared laser light to see what is nearby. If one of these lasers hits a raindrop or snowflake, the car will believe that there’s something right in front of it, leading to a sudden, potentially dangerous stop.

The Power of Thermal Imaging

If these sensors underperform in poor weather conditions, what other options are available? The solution may lie in the style of sensor arrays created by Foresight.

Foresight’s QuadSight sensor system uses two pairs of infrared/thermal and visible spectrum cameras. Far-infrared cameras are much less affected by adverse weather than other sensors. They can see through fog and rain, providing a better view of the environment than other sensors — or even the human eye. Combining this thermal data with information from the visible light spectrum means that QuadSight produces a powerful range of data for a self-driving car.

The potential of this technology has led to significant successes for Foresight. The company has sold several prototypes to automotive manufacturers, including a recent sale to a Chinese company. With China becoming one of the largest markets for electric and autonomous vehicles, this sale is a major coup for Foresight.

The Self-Driving Sensor Sector

Thermal camera manufacturer FLIR Systems, Inc. (NASDAQ: FLIR) is keen to draw attention to the potential of these cameras for self-driving cars. The company produces thermal cameras with many uses, including in smartphones and drones. Its sensors are used in driver warning systems by General Motors, Volkswagen, Audi, BMW and Mercedes-Benz. The company recently released a free dataset of annotated thermal imagery to help researchers and designers create better equipment and evaluate the effectiveness of sensors.

One of the automotive industry greats, Ford Motor Company (NYSE: F) has invested heavily in self-driving vehicles. The company recently reaffirmed that commitment through the creation of Ford Autonomous Vehicles LLC, a subsidiary designed to push forward its automated vehicle work and make the most of the market opportunities this sector provides. Ford has taken a lead in preparing self-driving vehicles for difficult weather conditions. In January 2016, it was the first company to test an autonomous vehicle on snow-covered roads, and its recent introduction of further testing in Michigan shows its determination to solve the problems weather creates.

Google’s parent company Alphabet, Inc. (NASDAQ: GOOG) is heavily involved in self-driving vehicles through its Waymo subsidiary. Like Ford, Waymo has made use of Michigan to test self-driving systems in difficult weather conditions, including rain, snow and sleet. The company’s self-driving technology center at Novi, set up in 2016, gives Waymo the chance to work with local tech talent to develop better sensors and driving systems. With its efforts to develop self-driving trucks as well as cars, Waymo has the potential to bring automation to commercial hauling as well as passenger travel.

Autonomous vehicle specialist Aptiv PLC (NYSE: APTV) is making significant advances in self-driving technology, not least through its nuTonomy subsidiary. While Aptiv is involved in various aspects of automation, nuTonomy specializes in software for driverless fleets. Such software is vital to safe self-driving, as it processes the information coming from sensors, thus allowing vehicles to make driving decisions. The recent opening of a new technology center in Boston will help Aptiv and nuTonomy to develop the cars of the future, capable of driving in all conditions.

As self-driving cars are tested in a wider range of driving conditions, they face new challenges. Some sensors are proving more useful than others in adverse weather, and this may decide what technology eventually guides these cars of the future.

For more information on Foresight Autonomous Holdings, visit Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX)

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Wednesday, August 8th, 2018 Uncategorized Comments Off

$NUGL Expands Innovative Cannabis Platform to Entire North American Market

LOS ANGELES, Aug. 07, 2018 — via NetworkWire – NUGL Inc. (OTC: NUGL) (the “Company”), the cannabis industry’s new standard of technology, today announces its North American Marketing Strategy.

NUGL’s revolutionary platform delivers exclusive profiles and features for brands and listings in the cannabis space. NUGL’s industry-leading search app offers every type of cannabis company and professional service the ability to create individual profiles for marketing, connecting and expanding client bases in and out of the NUGL community. NUGL’s platform also gives brands and listings cutting edge software that helps their business expand their client base and network.

“The NUGL platform has increased my own business and the reach of my clients,” said James Jordan, who recently joined the NUGL team as vice president of strategic relations. “Offering profiles for cannabis companies including those within the service sector such as real estate agents, accountants, and of course the growing brands of strains and dispensaries, gives the cannabis community the first all-inclusive platform for companies to connect with one another. I am excited to be part of NUGL and its cutting-edge technology.”

NUGL now has an incredible selection of searchable brands, services and dispensary listings that provide users with accurate information that meets the needs of the cannabis industry throughout North America.

“Our biggest challenge is informing and educating the community on the wide breadth of features we offer,” Brandon Vargas, CEO of NUGL, said. “Because our software is the only technology of its kind, this is the first time that listings and brands have had access to this type of valuable service. We offer a complete solution for all cannabis-based companies seeking a unique business platform that expands their client base and quickly builds sales.”

NUGL’s ability to communicate directly with cannabis-related businesses in North America is a game-changer for the cannabis community. Through NUGL’s metasearch technology and intuitive tools, cannabis brands and services can now market directly to users by offering a transparent, dedicated source of information devoid of ads or biased content. The software’s rating platform also provides invaluable feedback to shops and professional services. NUGL’s user and profile base of listings and brands is growing fast with dispensaries, strains, doctors, lawyers, service professionals, vape shops, hydro stores and brands being added daily. Insightful features such as a store locator combined with the user’s ability to connect, review and share profiles are destined to bring viral, organic growth to NUGL.

About NUGL

NUGL is the world’s first cannabis search app built for the people, by the people. Our goal is to build the most user-friendly app experience in the cannabis industry by listening to our users and giving them what they want. NUGL is the only cannabis search app that offers equal and unbiased search results. We don’t sell top-spot listings or fake reviews, so our data stays true. Use NUGL to search for genuine user-rated dispensaries, strains, doctors, lawyers, cannabis service providers, vape shops, hydro stores, brands and more.

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
LinkedIn: https://www.linkedin.com/company/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)
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www.NetworkNewsWire.com
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Tuesday, August 7th, 2018 Uncategorized Comments Off

$ABCCF REISSUE – ABcann Global Announces Company Name Change to VIVO Cannabis™

NAPANEE, Ontario, Aug. 07, 2018 — ABcann Global Corporation (TSX-V: ABCN, OTCQB: ABCCF) (“ABcann,” “VIVO” or the “Company”) is excited to announce that, effective immediately, it will be known as VIVO Cannabis Inc. — a contemporary reflection of the Company’s evolution, purpose and direction. The name change will be effective at market open on Tuesday, August 7, 2018 and “VIVO” will replace “ABCN” as the Company’s ticker symbol on the TSX Venture Exchange.

Beacon Medical
Beacon Medical: This standardized pharma-grade cannabis is a superior product that’s clean, consistent and repeatable — qualities sought by physicians and patients (beaconmedical.ca) – The Clear Path to Medical Cannabis
Fireside Cannabis
Fireside Cannabis: Tailored to the social user, this premium cannabis is grown in small batches and undergoes a long curing process to ensure a smooth final product in three varieties to suit every gathering (firesidecannabis.com) – Tell Your Story, Fireside
Lumina Wellness
Lumina Wellness: An elegantly designed wellness-focused cannabis product line, Lumina was created to enhance mindfulness and self-discovery (luminawellness.com) – Wellness, Elevated

VIVO — which translates to “living” in Latin — embodies the Company’s commitment to providing quality cannabis products and services that improve lives. It’s the common thread that unites us all, and it’s the spirit behind the rebranding. It also celebrates the recent announcement of the Company’s proposed acquisition of Canna Farms Limited.

“VIVO is committed to making the most out of life. Our company tagline — ‘living life’ —  demonstrates our dedication to meeting the needs of our customers in Canada and internationally with cannabis-based products, both in the medical and adult-use markets,” says Barry Fishman, CEO of VIVO Cannabis.

With the emergence of the Canadian adult-use market, continued focus on the medical cannabis segment and a growing global opportunity — coupled with a healthy balance sheet showing $110 million in cash — VIVO is well-positioned for success.

VIVO’s unwavering focus on customer needs is demonstrated in the quality of its products, its innovative culture and its plans for expansion. This customer-centric approach is also demonstrated in VIVO’s commitment to demonstrating leadership in the exciting and evolving cannabis industry.

VIVO is a collection of premium brands targeting unique customer segments and needs. Under the overall corporate umbrella of VIVO Cannabis Inc. (vivocannabis.com), the Company’s portfolio includes the following brands:

Beacon Medical: This standardized pharma-grade cannabis is a superior product that’s clean, consistent and repeatable —qualities sought by physicians and patients (beaconmedical.ca)
-      The Clear Path to Medical Cannabis

Fireside Cannabis: Tailored to the social user, this premium cannabis is grown in small batches and undergoes a long curing process to ensure a smooth final product in three varieties to suit every gathering (firesidecannabis.com)
-      Tell Your Story, Fireside

Lumina Wellness: An elegantly designed wellness-focused cannabis product line, Lumina was created to enhance mindfulness and self-discovery (luminawellness.com)
-      Wellness, Elevated

In addition, VIVO’s wholly owned subsidiary Harvest Medicine (hmed.ca) is an established medical cannabis clinic that provides a highly scalable model. In less than 18 months of operation at its Calgary clinic, Harvest Medicine reached a client base of 15,000 active patients through its patient-centric approach and dedication to providing exceptional care. The new location in Edmonton is up and running, and additional locations and the launch of an innovative purpose-built telemedicine app are planned for the near future.

“ABcann was an early leader in the burgeoning cannabis industry. As a Licensed Producer since 2014, we have the experience, the knowledge and the people to create and deliver superior products,” Fishman says. “As VIVO Cannabis, we embrace the mission to improve lives, and we’re well-positioned to continue to be a recognized leader in bringing innovative products and exceptional customer experience to the market.”

About VIVO Cannabis

VIVO is recognized for trusted, high-quality products and services. It holds production and sales licences from Health Canada, and its world-class indoor cultivation facility in Napanee, Ontario contains proprietary plant-growing technology. VIVO is expanding its production capacity and pursuing partnership and product development opportunities domestically, as well as in select international markets, including Germany, Australia and Israel.

VIVO recently announced that it has entered into a definitive agreement to acquire 100% of the issued and outstanding share capital of Canna Farms Limited, a premium cannabis company based in Hope, British Columbia. Canna Farms was B.C.’s first Licensed Producer and has several years of craft cultivation experience and expertise, as well as a significant patient base and positive cash flow.

ON BEHALF OF THE BOARD OF DIRECTORS

Barry Fishman (CEO and Director)

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

Disclaimer for Forward-Looking Information

This news release contains forward-looking statements, including statements regarding the Company’s proposed acquisition of Canna Farms; its plans for expansion; the expected benefits of the name change; and the Company’s position in the market going forward. The forward-looking statements in this release are based on certain assumptions and involves known and unknown risks and uncertainties and other factors that could cause actual events to differ materially from current assumptions and expectations, including that the acquisition of Canna Farms will be successfully completed and that customers will respond positively to the Company’s name change and product lines. These forward-looking statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements, including: that the proposed Canna Farms acquisition may not close on the terms expected or at all; regulatory impediments to the timing of opening of the adult use market; changes to industry regulations that are adverse to the Company; and that customer reception to the Company’s change of name or product lines may not be as expected. A more complete discussion of the risks and uncertainties facing the Company appears in the Company’s Annual Information Form and continuous disclosure filings, which are available on SEDAR at www.sedar.com. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking statements as a result of new information or future events, or for any other reason, other than as required by applicable securities laws.

Photos accompanying this announcement are available at:

http://www.globenewswire.com/NewsRoom/AttachmentNg/2b54e1ad-b3ea-4491-9201-b17ac0eea829

http://www.globenewswire.com/NewsRoom/AttachmentNg/548ad1be-d528-4d6a-9410-6eb71729957b

http://www.globenewswire.com/NewsRoom/AttachmentNg/dfab3e61-0f38-4f1b-9732-987c105bab45

More Information

Barry Fishman, CEO:  barry.fishman@vivocannabis.com 
Michael Bumby, CFO:  michael.bumby@vivocannabis.com 
Website: vivocannabis.com
Tuesday, August 7th, 2018 Uncategorized Comments Off

$NETE SeeThruEquity Posts Update

NEW YORK, NY / August 6, 2018 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced that it has issued an update on Net Element, Inc. (NASDAQ: NETE).

The note is available here: NETE August 2018 Update Note.

Net Element, Inc. (Nasdaq CM: NETE, “Net Element”) is a global financial technology and value-added solutions company that supports payment technology solutions, online payments and value-added transactional services in emerging countries and in the United States. The company is headquartered in Miami Beach, Florida.

Highlights from the update include:

We are updating coverage of Net Element following multiple company announcements since our last note, including updates on company transaction volume, the launch of the company’s Netevia platform, and a deal in which the company acquired a transactional services portfolio from partner Universal Payment Systems (“UPS”), a Garden Grove, CA-based provider of bankcard payment processing services and value added solutions. Highlights of the recent events are as follows:

  • Net Element acquires transactional services assets from UPS. NETE announced that had acquired certain transactional services assets from partner UPS on July 31, 2018, for $2.7mn.
  • Deal expected to add $5mn+ in gross profits. Net Element management stated that the deal, which was executed through its Unified Payments subsidiary, is expected to add over $5mn in gross profits over the next four years, with continued profit contribution thereafter.
  • Transaction dollar volume rises by 37% in 1H18. Net Element reported that transaction dollars processed on its platform increased by 37% in the first half of the year to reach $1.62 billion, versus $1.18 billion the first half of 2017.
  • The total number of transactions processed on Net Element’s platform also increased robustly. The company processed 50.2mn transactions in 1H18, up more than 40% from 35.7mn processed in the first half of 2017, according to the company.
  • On June 12, 2018, Net Element announced that it had extended the capabilities of its new multi-channel payments platform for small and medium-sized businesses, Netevia, to include a smart solution for enabling secure business-to-business (B2B) vendor payments. According to the company statement, Statista’s 2017 B2B Ecommerce report estimates that global B2B sales were $7.7 trillion. Net Element management believes it is positioned to compete in this market as the vendor payment solution operates via a web-friendly and mobile platform which can work with existing accounting systems and does not require complex integration.

No change to target following results

The price target remains unchanged for Net Element following recent announcements. NETE’s announcements suggest the company continued to identify growth initiatives, as evidenced by growth in transaction volume, new product enhancements, and the UPS deal announcement. We see the company as a high risk, high growth company in the mobile electronics space. We would look to re-evaluate the target as the company updates investors on its progress and clarifies expectations for blockchain in 2018-2019.

Please review important disclosures in the report and on our website at www.seethruequity.com.

About Net Element, Inc.

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 such as its cloud based, restaurant and retail point-of-sale solution Aptito. Internationally, Net Element’s strategy is to leverage its omni-channel platform to deliver flexible offerings to emerging markets with diverse banking, regulatory and demographic conditions. Net Element was ranked as one of the fastest growing companies in North America on Deloitte’s 2017 Technology Fast 500™ and South Florida Business Journal’s 2016 fastest growing technology companies. Further information is available at www.netelement.com.

About SeeThruEquity

Since its founding in 2011, SeeThruEquity has been committed to its core mission: providing impactful, high quality research on underfollowed smallcap and microcap equities. SeeThruEquity has pioneered an innovative approach to deliver equity research of microcap and smallcap companies. SeeThruEquity has also been the host of acclaimed investor conferences that are the ultimate event for publicly traded companies with market capitalizations less than $1 billion since 2012.

SeeThruEquity is approved to contribute its research reports and estimates to Thomson One Analytics (First Call), the leading estimates platform on Wall Street, as well as Capital IQ and FactSet. SeeThruEquity maintains one of the industry’s most extensive databases of opt-in institutional and high net worth investors. The firm is headquartered in Midtown Manhattan in New York City.

For more information visit www.seethruequity.com.

Contact:

SeeThruEquity
info@seethruequity.com

Monday, August 6th, 2018 Uncategorized Comments Off

$ABCCF Changes Company Name to VIVO Cannabis

NAPANEE, Ontario, Aug. 02, 2018  — ABcann Global Corporation (TSX-V: ABCN, OTCQB: ABCCF) (“ABcann,” “VIVO” or the “Company”) is excited to announce that, effective immediately, it will be known as VIVO Cannabis Inc. — a contemporary reflection of the Company’s evolution, purpose and direction. The name change will be effective at market open on Tuesday, August 7, 2018 and “VIVO” will replace “ABCN” as the Company’s ticker symbol on the TSX Venture Exchange.

Beacon Medical
Beacon Medical: This standardized pharma-grade cannabis is a superior product that’s clean, consistent and repeatable — qualities sought by physicians and patients (beaconmedical.ca) – The Clear Path to Medical Cannabis
Fireside Cannabis
Fireside Cannabis: Tailored to the social user, this premium cannabis is grown in small batches and undergoes a long curing process to ensure a smooth final product in three varieties to suit every gathering (firesidecannabis.com) – Tell Your Story, Fireside
Lumina Wellness
Lumina Wellness: An elegantly designed wellness-focused cannabis product line, Lumina was created to enhance mindfulness and self-discovery (luminawellness.com) – Wellness, Elevated

VIVO — which translates to “living” in Latin — embodies the Company’s commitment to providing quality cannabis products and services that improve lives. It’s the common thread that unites us all, and it’s the spirit behind the rebranding. It also celebrates the recent announcement of the Company’s proposed acquisition of Canna Farms Limited.

“VIVO is committed to making the most out of life. Our company tagline — ‘living life’ —  demonstrates our dedication to meeting the needs of our customers in Canada and internationally with cannabis-based products, both in the medical and adult-use markets,” says Barry Fishman, CEO of VIVO Cannabis.

With the emergence of the Canadian adult-use market, continued focus on the medical cannabis segment and a growing global opportunity — coupled with a healthy balance sheet showing $110 million in cash — VIVO is well-positioned for success.

VIVO’s unwavering focus on customer needs is demonstrated in the quality of its products, its innovative culture and its plans for expansion. This customer-centric approach is also demonstrated in VIVO’s commitment to demonstrating leadership in the exciting and evolving cannabis industry.

VIVO is a collection of premium brands targeting unique customer segments and needs. Under the overall corporate umbrella of VIVO Cannabis Inc. (vivocannabis.com), the Company’s portfolio includes the following brands:

Beacon Medical: This standardized pharma-grade cannabis is a superior product that’s clean, consistent and repeatable —qualities sought by physicians and patients (beaconmedical.ca)
-      The Clear Path to Medical Cannabis

Fireside Cannabis: Tailored to the social user, this premium cannabis is grown in small batches and undergoes a long curing process to ensure a smooth final product in three varieties to suit every gathering (firesidecannabis.com)
-      Tell Your Story, Fireside

Lumina Wellness: An elegantly designed wellness-focused cannabis product line, Lumina was created to enhance mindfulness and self-discovery (luminawellness.com)
-      Wellness, Elevated

In addition, VIVO’s wholly owned subsidiary Harvest Medicine (hmed.ca) is an established medical cannabis clinic that provides a highly scalable model. In less than 18 months of operation at its Calgary clinic, Harvest Medicine reached a client base of 15,000 active patients through its patient-centric approach and dedication to providing exceptional care. The new location in Edmonton is up and running, and additional locations and the launch of an innovative purpose-built telemedicine app are planned for the near future.

“ABcann was an early leader in the burgeoning cannabis industry. As a Licensed Producer since 2014, we have the experience, the knowledge and the people to create and deliver superior products,” Fishman says. “As VIVO Cannabis, we embrace the mission to improve lives, and we’re well-positioned to continue to be a recognized leader in bringing innovative products and exceptional customer experience to the market.”

About VIVO Cannabis

VIVO is recognized for trusted, high-quality products and services. It holds production and sales licences from Health Canada, and its world-class indoor cultivation facility in Napanee, Ontario contains proprietary plant-growing technology. VIVO is expanding its production capacity and pursuing partnership and product development opportunities domestically, as well as in select international markets, including Germany, Australia and Israel.

VIVO recently announced that it has entered into a definitive agreement to acquire 100% of the issued and outstanding share capital of Canna Farms Limited, a premium cannabis company based in Hope, British Columbia. Canna Farms was B.C.’s first Licensed Producer and has several years of craft cultivation experience and expertise, as well as a significant patient base and positive cash flow.

More Information
Barry Fishman, CEO: barry.fishman@vivocannabis.com
Michael Bumby, CFO: michael.bumby@vivocannabis.com
Website: vivocannabis.com

ON BEHALF OF THE BOARD OF DIRECTORS

Barry Fishman (CEO and Director)

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

Disclaimer for Forward-Looking Information

This news release contains forward-looking statements, including statements regarding the Company’s proposed acquisition of Canna Farms; its plans for expansion; the expected benefits of the name change; and the Company’s position in the market going forward. The forward-looking statements in this release are based on certain assumptions and involves known and unknown risks and uncertainties and other factors that could cause actual events to differ materially from current assumptions and expectations, including that the acquisition of Canna Farms will be successfully completed and that customers will respond positively to the Company’s name change and product lines. These forward-looking statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements, including: that the proposed Canna Farms acquisition may not close on the terms expected or at all; regulatory impediments to the timing of opening of the adult use market; changes to industry regulations that are adverse to the Company; and that customer reception to the Company’s change of name or product lines may not be as expected. A more complete discussion of the risks and uncertainties facing the Company appears in the Company’s Annual Information Form and continuous disclosure filings, which are available on SEDAR at www.sedar.com. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking statements as a result of new information or future events, or for any other reason, other than as required by applicable securities laws.

Photos accompanying this announcement are available at:

http://www.globenewswire.com/NewsRoom/AttachmentNg/36fdc706-d2d4-4cbb-9e94-2f880a53935f

http://www.globenewswire.com/NewsRoom/AttachmentNg/226677fc-b003-470e-b2c3-9e4cbbbe2f62

http://www.globenewswire.com/NewsRoom/AttachmentNg/fff92024-84c9-47f2-afb6-76be46772642

Monday, August 6th, 2018 Uncategorized Comments Off

$TGODF Posts Record Date for Spinout Transaction

TORONTO, Aug. 02, 2018 — The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD“) (TSX:TGOD) (US:TGODF) wishes to provide further information in relation to the proposed spinout transaction by way of plan of arrangement (the “Arrangement”) announced on July 19, 2018.

As previously announced, pursuant to the Arrangement, the Company will distribute a divided to TGOD shareholders consisting of a warrant (a “Warrant”) in a new corporation (“TGOD Acquisitions”). Each Warrant will entitle the holder to purchase a unit of TGOD Acquisitions, comprised of one common share and one additional warrant of TGOD Acquisitions, at a price of $0.50 per Warrant for a period of 30 days from completion of the Arrangement. The Arrangement will be effected under the terms and conditions of an arrangement agreement to be entered into between the Company and TGOD Acquisitions (the “Arrangement Agreement“).

Subject to execution of the Arrangement Agreement and receipt of requisite corporate, regulatory and court approvals, the record date for distribution of the Warrants (the “Record Date“) is anticipated to be on or about September 28, 2018.

All TGOD shareholders, of record as of the Record Date, will be issued a notice from TGOD’s transfer agent, Computershare Investor Services Inc., with instructions on how to obtain the Warrants they are entitled to under the Arrangement. It is anticipated that TGOD Acquisitions will complete an IPO on the Canadian Securities Exchange in the fourth quarter of 2018.

The Arrangement will require approval by a two-thirds majority of the votes cast by TGOD shareholders at a special meeting of TGOD shareholders expected to take place in September 2018 (the “Special Meeting“). Completion of the Arrangement will also be subject to other closing conditions customary for a transaction of this nature, including requisite corporate, regulatory and court approvals. Full details of the Arrangement will be included in a management information circular of TGOD (the “Circular“) to be prepared in respect of the Special Meeting to approve the Arrangement. TGOD intends to mail the Circular to shareholders in August and will file a copy on SEDAR at www.sedar.com.

For further information, please contact the investor relations team at: invest@tgod.ca or (416) 900-7621.

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 and is building 1,382,000 sq. ft. of cultivation facilities in Ontario, Quebec and Jamaica.

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 to date.

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 regarding (i) the execution of the Arrangement Agreement, (ii) the timing of the Special Meeting and Record Date, (iii) the timing, approval and closing of the Arrangement and related matters, (iv) the initial public offering of TGOD Acquisitions, (v) the future legalization of recreational cannabis and cannabis-infused products in Canada, (vi) the future research, development and innovation by the Company, (vii) the offering of any particular products by the Company in any particular territory, and (viii)  the future performance of the Company. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward- looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

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

Friday, August 3rd, 2018 Uncategorized Comments Off

$SNNVF Set to Reach Full Value of Assets via Planned Spinoff

  • New Canadian assets to be listed on the Toronto Stock Exchange and Nasdaq
  • Sunniva’s U.S. assets to remain listed on the Canadian Securities Exchange (CSE) under the ticker symbol ‘SNN’
  • Two-year contract signed with industry leading Canopy Growth Corp. for 45 percent of production at Sunniva Canada Campus in British Columbia
  • Sunniva anticipates launching its first line of Sunniva-branded products in the U.S. in Q3 2018

Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF), a vertically integrated medical cannabis company headquartered in Vancouver, Canada, and operating in the world’s two largest cannabis markets – Canada and California – is reaping positive attention with the news that the company intends to spin off its Canadian assets. The proposal, which would create a new entity listing on the Toronto Stock Exchange (TSX) and Nasdaq, will leave Sunniva’s U.S. assets to trade on the Canadian Stock Exchange, the company announced in a recent press release (http://nnw.fm/YH7q6).

Canadian assets in the proposal, designed to unlock the underlying value of Sunniva’s assets on both sides of the border, include:

  • Sunniva Medical Inc., which is building the 740,000 square foot, state-of-the-art greenhouse Sunniva Canada Campus in British Columbia. The facility is designed to produce an estimated 100,000 kilograms of dried cannabis per year (http://nnw.fm/4FmNw). Plans for the facility include the production of pharmaceutical-grade cannabis products such as oils, capsules, tinctures, patches, lotions and other consumer goods, Sunniva CEO Dr. Anthony Holler told Canada’s Global News in a June 4 interview (http://nnw.fm/58EyN). Canopy Growth Corporation has already signed an agreement to take-or-pay approximately 45 percent of Sunniva’s annual production capacity there.
  • Natural Health Services Ltd. (“NHS”) owns and operates a network of seven patient-centric clinics in Canada specializing in medical cannabis under the Access to Cannabis for Medical Purposes Regulations. NHS clinics are staffed by physicians, nurses, educators and patient care representatives to provide consultation, medical cannabis education and an introduction to the products and strains available through licensed producers across Canada. NHS recently opened a new clinic in Windsor, Ontario (http://nnw.fm/rKXa9).

Remaining listed on the Canadian Securities Exchange under the ticker symbol ‘SNN’ are the following Sunniva assets:

  • CP Logistics, LLC (“CPL”) operates the Sunniva California Campus that is currently under construction in Cathedral City (http://nnw.fm/Br5YF). The 489,000 square feet of purpose-built greenhouse facilities include a flagship onsite dispensary with a distribution license. CPL also operates a licensed extraction facility in Cathedral City, which began operations in June 2018, and has attracted service agreements to manufacture extracted products for significant brand partners in California. Plans include launching the first Sunniva-branded products in the U.S. during Q3 of 2018.
  • Full-Scale Distributors, LLC provides custom, private-label vaporizers and accessories to brand partners through the Vapor Connoisseur brand.

The spinout transaction, which is subject to various conditions such as shareholder and exchange approval, has prompted comments such as “an excellent value creation strategy” from Beacon Securities analyst Doug Cooper (http://nnw.fm/E1H6n).

“We believe having unencumbered US assets is very important and frees up the company to aggressively pursue an M&A strategy within the largest cannabis market in the world (California),” the analyst said in an update to clients on Tuesday (http://nnw.fm/8kmZF). “SNN has a current EV of ~$220 million, which neither reflects the true value of the US nor Canadian assets.”

Holler said creating a new Canadian company focused on Sunniva’s Canadian assets is expected to “bring added visibility and additional analyst coverage to our story and has the potential to attract institutional investors that are currently unable to purchase stock on the CSE or purchase companies holding US assets.”

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

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www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Friday, August 3rd, 2018 Uncategorized Comments Off

$PBIO UST Technology Could Transform Modern Food Preservation

  • Federal four-year grant awarded to Ohio State University to fund research program with PBIO
  • Goal is development of manufacturing process to keep foods fresh without costly refrigerated transport/storage and safe without chemical additives
  • PBIO’s Ultra-Shear Technology (“UST”) allows food manufacturers to manufacture healthier beverages and other foods that retain flavor and preserve product’s wholesome ingredients, potentially affecting future food processing around the world
  • Dairy alternative beverage market, which grew 18 percent from 2009 to 2014 to reach $18.9 billion, fueled by consumers seeking tasty, nutrient-dense, convenient options for on-the-go lifestyles
  • Consumers increasingly value “clean-label” foods, with 73 percent stating that they would pay more for food or drink products made safely with recognizable ingredients
  • Global dairy market projected at $442 billion by 2019 with a CAGR of six percent

Imagine food, such as milk, that doesn’t go bad, tastes like the fresh product, is free of chemical preservatives and doesn’t need expensive refrigerated transport or storage. Now, think of how many bottom lines of companies around the world such a technology could affect.

Global life sciences company Pressure BioSciences Inc. (OTCQB: PBIO) and its patented Ultra Shear Technology (“UST”) will be used to develop an innovative manufacturing technology in a new, federally-funded research program focused on food preservation and safety at Ohio State University’s College of Food, Agricultural and Environmental Sciences (“CFAES”). PBIO is a Massachusetts-based company that manufactures high-pressure-based equipment and laboratory instrumentation for the life science industry. CFAES is a worldwide leading food safety college.

PBIO’s Ultra Sheer Technology produces highly stable, clean and cost-effective nanoemulsions that facilitate the production of food products with enhanced shelf lives and without the need for chemicals or preservatives, as the company notes in a recent article (http://nnw.fm/U0P5r). The UST technology, which aligns with consumer demand for chemical- and preservative-free products, can be applied across many industries, including pharmaceutical, food, nutraceutical, industrial lubricant, paint and cosmetic sectors.

Researchers at Ohio State and their PBIO collaborators announced the U.S. Department of Agriculture’s National Institute of Food and Agriculture four-year $891,000 grant in a recent news release (http://nnw.fm/I3u4a). PBIO’s UST technology will be the basis upon which a new manufacturing technology will be developed to preserve food and beverages by reducing thermal exposure through the combined application of elevated pressure, shear, controlled times and temperatures.

A growing need to optimize processing technologies to preserve the freshness of foods while extending the shelf life without using preservatives is a key factor for researchers in this demanding, developing global market. Statista reports that, for example, the dairy market worldwide, valued at $336 billion in 2014, is projected to grow by six percent to reach a staggering $442 billion in 2019 (http://nnw.fm/bcI6n). For dairy-alternative consumers, the market is just as intriguing, with a strong demand that reached $18.9 billion by the end of 2014 as dairy-based sports nutrition drinks gained in popularity (http://nnw.fm/0Dj5Z).

V.M. Dr. “Bala” Balasubramaniam, a CFAES professor of food engineering, is leading the development project, which is designed as a collaborative team effort with scientists and engineers at PBIO. Balasubramaniam believes that UST also holds the potential to be utilized by food manufacturers to ensure a healthier processing of sauces, condiments and other foods.

“Development of cost-effective, next-generation, gentler industrial food manufacturing technologies for the preservation of healthy beverages has now become a critical need,” Balasubramaniam stated in the university’s news release.

Edmund Ting, a senior vice president at PBIO, will lead the development of the laboratory scale and pilot plant equipment that CFAES and the company’s researchers will use in the project. The UST equipment developed under the project will be used to demonstrate the UST-based processing method to the beverage and food processing industry through pilot plant demonstrations and testing at the university’s advanced technology pilot plant on campus.

“It has been rewarding to see the significant growth of high-pressure food and beverage processing over the last 25 years,” Ting stated in the news release. “I believe UST has equal if not greater applications than high-pressure processing, both within and outside the food and beverage industries.”

The high-pressure processing equipment market is projected to reach $500.3 million by 2022 at a CAGR of 11.26 percent from 2016, according to a report from MarketsAndMarkets (http://nnw.fm/Ju6dB). North America and European regions dominated this market in 2015 and are expected to continue leading as early adopters of new food processing technologies, the report states.

Consumers are increasingly looking for foods and beverage products that they believe are genuine and free of preservatives, with 73 percent stating that they would pay more for a product they trust, a Food Insider Journal article states (http://nnw.fm/Le9eZ). These “clean label” products brought in global sales of $165 billion in 2015 and are expected to reach $180 billion by 2020. The UST-based processing method being developed by Ohio State and PBIO will be a new alternative to existing options, one that will not use high heat and will consequently offer the potential for better taste, nutritional value and safety.

“We are pleased to collaborate with experts at Ohio State to advance the commercialization of the UST platform for the food and beverage market,” Ting added, noting that the UST equipment developed with the grant will eventually be shared with the food and beverage industry through pilot plant demonstrations and testing, webinars, short courses and food processor fact sheets.

“The UST technology is expected to be particularly beneficial for medium- and small-scale food processors and entrepreneurs who otherwise have limited technical resources to evaluate such novel food manufacturing processes,” Balasubramaniam said. “The ultimate goal is for consumers to benefit from the increased availability of wholesome, healthy beverage and food options.”

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

NetworkNewsWire (NNW)
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www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Friday, August 3rd, 2018 Uncategorized Comments Off

$FRSX Creates Advanced Driving Safety Solutions

  • Foresight sets primary goal to sell prototype systems of QuadSight, its multi-spectral vision system for autonomous vehicles
  • The company looks to establish mutual cooperation with key clients in automotive industry
  • Foresight moves forward with plans to sell its Eyes-On automotive vision system to a leading Israeli vehicle importer
  • Global autonomous vehicle market expected to reach $54.23 billion by 2026

While 2017 was the year of the electric vehicle, 2018 is slated to be the year of autonomy. Elon Musk predicted a fully autonomous Tesla (NASDAQ: TSLA) model by 2018, and General Motors Company (NYSE: GM) is slated to put its version of a fully autonomous car into production in 2019 (http://nnw.fm/8dcGM) (http://nnw.fm/S0kKL). The global autonomous vehicle market is expected to reach $54.23 billion by 2026 (http://nnw.fm/qh9F0). Well positioned to take advantage of the upcoming autonomous vehicle boom is Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX), a technological innovator in automotive vision systems and driver assistance technology working to solve the complex nuances of autonomous driving.

Foresight creates products and solutions designed to drive the future of the semi- and fully-autonomous vehicle industry. The company was first conceptualized as a spin-off of major shareholder Magna B.S.P., an Israeli company that has provided innovative homeland security and surveillance technology solutions for the last 20 years. Foresight now uses the same technology to power two of its unique solutions: QuadSight and Eyes-On. Foresight’s third solution, EyeNet, is a cellular-based V2X accident prevention system.

Foresight recently signed a non-binding memorandum of understanding (“MOU”) with a leading importer of vehicles to Israel for the sale of its Eyes-On system for aftermarket configuration. As a first step, Foresight and the importer will carry out a pilot project using a beta version of the Eyes-On system during which the system will be integrated into a number of models from the importer’s fleet of vehicles. The MOU could potentially see the importer order 21,000 Eyes-On systems over three years. Eyes-On is an advanced driver assistance system (“ADAS”) that uses two cameras and stereoscopic technology to detect potential obstacles with a very high degree of accuracy. Stereoscopic technology uses two synchronized cameras to imitate human depth perception. Eyes-On is available as both an OEM and a retrofit solution.

Foresight’s focus for 2018 is QuadSight, according to a recent interview given by VP of Business Development Doron Cohadier. QuadSight is a multi-spectral vision system that uses four cameras (two visible light and two infrared cameras) to provide safety in all weather and lighting conditions, including extreme weather situations. One of Foresight’s main goals for this year is the sale of several QuadSight prototype systems. Foresight recently sold a couple of these prototype systems.

“These prototype systems will allow us to be in connection with various key stakeholders within the automotive industry at an early stage,” Cohadier explained in a news release. “And following that, we want to establish mutual cooperation with these key clients in the automotive industry.”

Foresight’s operates as a holding company with three pillars under it: Foresight Automotive Ltd., Eye-Net and Rail Vision. Foresight Automotive is dedicated to developing advanced accident prevention systems and solutions based on vision systems and stereoscopic technology, while EyeNet is focused on development of the EyeNet V2X (vehicle-to-everything) cellular-based accident prevention system that provides real-time pre-collision alerts to vehicles and pedestrians using smartphones and cellular networks. Rail Vision, of which Foresight has 35 percent equity, develops advanced systems for railway safety.

Another large goal for Foresight in 2018 is to complete the spinoff and merger of Eye-Net with Israeli company Tamda Ltd. (TASE: TMDA). The two companies signed a merger agreement in early May that will see Foresight establish a wholly owned subsidiary. Foresight will then transfer to the subsidiary all of Foresight’s rights and intellectual property for Eye-Net for no consideration. Upon closure of the merger, Foresight has agreed to transfer 100 percent of the share capital of the newly-created subsidiary to Tamda in exchange for approximately 74.49 percent of Tamda’s share capital as of the closing date of the transaction.

Foresight is well-positioned to reach these goals. The company recently attracted private placement agreements from several leading Israeli institutional investors. Harel Insurance invested $5.5 million, while Meitav Dash Group invested $4.1 million and Psagot Investment House another $1.4 million.

Cohadier also spoke to Foresight’s strong strategic positioning, saying “At the end of the day, an autonomous vehicle will have a few technologies on them for sensors for redundancy purposes. Basically, there won’t be one winning technology, there will be quite a few. But what we understood is vision will always be needed. Vision is the only sensor that can actually identify lanes, traffic signs, traffic lights, colours… If vision will always be needed and you require [it], you might as well have the best vision systems. We want to provide the market with the best vision systems.”

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

NetworkNewsWire (NNW)
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212.418.1217 Office
Editor@NetworkNewsWire.com

Friday, August 3rd, 2018 Uncategorized Comments Off

$DPW Subsidiary Receives $2M Supplemental Order from U.S. Defense Contractor

NEWPORT BEACH, CA, Aug. 03, 2018 — DPW Holdings, Inc. (NYSE American: DPW), a diversified holding company, announced Microphase Corporation, a division of DPW subsidiary Coolisys Technologies, Inc., received a $2.0 million supplement to the original $2.1 million contract award that it announced July 24, 2018 from a first-tier U.S. government defense contractor. The supplement increases the total order size to $4.1 million and extends the term of the contract into early 2020.

Microphase, which has supplied earlier versions of its sophisticated communications filters used in combat warfare system components to this defense contractor since October 2015, continues to expect shipment of the component to commence in late 2018 or early 2019.

Microphase General Manager Rock Martel stated, “We believe this significant supplemental order further illustrates our customers’ confidence in our ability to meet their needs. Microphase’s innovative radio frequency (RF), microwave and millimeter-wave technology solutions and products enable our customers to achieve higher performance and reliability at a reduced cost.”

ABOUT MICROPHASE CORPORATION

Microphase Corporation, a majority-owned subsidiary of Coolisys Technologies, Inc., a part of DPW Holdings’ diversified portfolio, is an innovative and trusted supplier of advanced electronic technology solutions across a diverse mix of markets. Microphase designs, develops, and manufactures standard and customized state-of-the-art RF, Microwave, and Millimeter-wave components, devices, subsystems and integrated modules primarily for the Defense & Aerospace markets. For more information please see www.Microphase.com and www.Coolisys.com.

ABOUT DPW HOLDINGS, INC.
Headquartered in Newport Beach, CA, DPW Holdings, Inc., is a diversified holding company pursuing a growth strategy of acquiring undervalued assets and disruptive technologies with a global impact. The Company invests in diverse industries within the commercial, defense/aerospace, industrial, communication, medical, crypto-mining, hospitality, textile, and corporate investment/lending sectors. DPW has evolved and grown from being a leader in advanced power products. Through its subsidiaries, the company continues to be a leader and supplier of innovative technologies, advanced design and development services, and state-of-the-art power products and solutions. DPW Holdings, Inc.’s headquarters is located at 201 Shipyard Way, Suite E, CA 92663; www.DPWHoldings.com.

Forward-Looking Statements
The foregoing release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the anticipated shipment and revenue recognition of customer orders. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.DPWHoldings.com.

Friday, August 3rd, 2018 Uncategorized Comments Off

$TGODF Posts Record Date for Spinout Transaction

TORONTO, Aug. 02, 2018 — The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD“) (TSX:TGOD) (US:TGODF) wishes to provide further information in relation to the proposed spinout transaction by way of plan of arrangement (the “Arrangement”) announced on July 19, 2018.

As previously announced, pursuant to the Arrangement, the Company will distribute a divided to TGOD shareholders consisting of a warrant (a “Warrant”) in a new corporation (“TGOD Acquisitions”). Each Warrant will entitle the holder to purchase a unit of TGOD Acquisitions, comprised of one common share and one additional warrant of TGOD Acquisitions, at a price of $0.50 per Warrant for a period of 30 days from completion of the Arrangement. The Arrangement will be effected under the terms and conditions of an arrangement agreement to be entered into between the Company and TGOD Acquisitions (the “Arrangement Agreement“).

Subject to execution of the Arrangement Agreement and receipt of requisite corporate, regulatory and court approvals, the record date for distribution of the Warrants (the “Record Date“) is anticipated to be on or about September 28, 2018.

All TGOD shareholders, of record as of the Record Date, will be issued a notice from TGOD’s transfer agent, Computershare Investor Services Inc., with instructions on how to obtain the Warrants they are entitled to under the Arrangement. It is anticipated that TGOD Acquisitions will complete an IPO on the Canadian Securities Exchange in the fourth quarter of 2018.

The Arrangement will require approval by a two-thirds majority of the votes cast by TGOD shareholders at a special meeting of TGOD shareholders expected to take place in September 2018 (the “Special Meeting“). Completion of the Arrangement will also be subject to other closing conditions customary for a transaction of this nature, including requisite corporate, regulatory and court approvals. Full details of the Arrangement will be included in a management information circular of TGOD (the “Circular“) to be prepared in respect of the Special Meeting to approve the Arrangement. TGOD intends to mail the Circular to shareholders in August and will file a copy on SEDAR at www.sedar.com.

For further information, please contact the investor relations team at: invest@tgod.ca or (416) 900-7621.

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 and is building 1,382,000 sq. ft. of cultivation facilities in Ontario, Quebec and Jamaica.

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 to date.

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 regarding (i) the execution of the Arrangement Agreement, (ii) the timing of the Special Meeting and Record Date, (iii) the timing, approval and closing of the Arrangement and related matters, (iv) the initial public offering of TGOD Acquisitions, (v) the future legalization of recreational cannabis and cannabis-infused products in Canada, (vi) the future research, development and innovation by the Company, (vii) the offering of any particular products by the Company in any particular territory, and (viii)  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.

Thursday, August 2nd, 2018 Uncategorized Comments Off

$SNNVF Subsidiary Inks Another Supply Contract for Upcoming Cannabis Crop

  • Operating in world’s two largest cannabis markets – California and Canada
  • Cannabis concentrate extraction service agreement inked with Cannabis Strategic Venture subsidiary Pure Applied Sciences, Inc. to provide white label services of high quality, ultra-purified cannabis extracts
  • Construction underway in California and Canada of large scale, purpose-built current cGMP designed greenhouses for cannabis cultivation and production
  • Supply agreement with Canopy Growth Corporation to provide up to 90,000 kg of cannabis over two years beginning in early 2019

Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF), a vertically integrated medical cannabis company headquartered in Vancouver, Canada, is committed to delivering safe, consistent, high-quality products and services through its wholly owned subsidiaries – Sunniva Medical Inc., CP Logistics LLC, Natural Health Service Ltd. and Full-Scale Distributors LLC.

In an executive summary of Sunniva’s market potential, Canaccord Genuity states, “Sunniva could become one of the larger compliant producers in California heading into 2019 where more than 85 percent of product is still not in compliance with current regulations.” The company’s strategy of placing a high degree of importance on designing its facilities with innovative technologies that allow for automation, low-cost cultivation and the ability to maximize control/monitoring of production inputs and environmental factors is a top value for investors looking at Sunniva, the report states (http://nnw.fm/u6iOF).

Sunniva currently has two separate growing facilities under construction. The first facility is at its campus in Cathedral City, California, and the second is a 126-acre site at Okanagan Falls, British Columbia, Canada. Sunniva broke ground in early May 2018 on the Okanagan Falls Campus, while the Cathedral City Campus is further along in the construction process. Through subsidiary CP Logistics, the company is close to completing Phase 1 of a cGMP-compliant greenhouse facility in Cathedral City that will have an estimated annual output of 60,000 kg of dry cannabis at capacity. Sunniva expects operations at its California facility to begin in Q4 2018 (http://nnw.fm/vV5Cz).

A previously reported take-or-pay supply agreement signed with Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) (http://nnw.fm/y4BbJ) ensures that Canopy will purchase approximately 45 percent of Sunniva’s annual production capacity, representing 45,000 kg of dried cannabis annually, starting in Q1 2019 or shortly thereafter. Canopy will also distribute Sunniva’s branded products. Canaccord Equity issued a positive statement on this agreement, noting, “We believe this take-or-pay agreement provides medium-term revenue certainty while partnering the company with one of the leading producers in Canada and allocating a sizable portion of the company’s planned capacity (~45%) to a dedicated supply channel right off the bat.”

Sunniva also recently signed a cannabis concentrate extraction services agreement between CP Logistics, LLC (“CPL”) and Pure Applied Sciences, Inc. (“PAS”), a wholly owned subsidiary of Cannabis Strategic Ventures, Inc. (OTC: NUGS). Under the agreement, CPL will perform white label services producing high quality, ultra-purified cannabis extracts out of its Sun-Oil Facility in Cathedral City, California, for PAS under the Pure Organix™ brand name, which was recently acquired by Cannabis Strategic (http://nnw.fm/7hPWl).

In addition to its planned cultivation and production in California and Canada, Sunniva operates Canada’s largest network of cannabis clinics (providing guidance and education to medical patients) and is a private-label provider of vaporizers throughout several major U.S. states. Sunniva’s seed-to-sale structure supports the company’s strategy of sourcing potential acquisition targets to increase its level of vertical integration.

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

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Thursday, August 2nd, 2018 Uncategorized Comments Off

$ABCCF Announces Company Name Change to VIVO Cannabis™

ABcann Global Corporation (TSX-V: ABCN, OTCQB: ABCCF) (“ABcann,” “VIVO” or the “Company”) is excited to announce that, effective immediately, it will be known as VIVO Cannabis Inc. — a contemporary reflection of the Company’s evolution, purpose and direction. The name change will be effective at market open on Tuesday, August 7, 2018 and “VIVO” will replace “ABCN” as the Company’s ticker symbol on the TSX Venture Exchange.

VIVO — which translates to “living” in Latin — embodies the Company’s commitment to providing quality cannabis products and services that improve lives. It’s the common thread that unites us all, and it’s the spirit behind the rebranding. It also celebrates the recent announcement of the Company’s proposed acquisition of Canna Farms Limited.

“VIVO is committed to making the most out of life. Our company tagline — ‘living life’ —  demonstrates our dedication to meeting the needs of our customers in Canada and internationally with cannabis-based products, both in the medical and adult-use markets,” says Barry Fishman, CEO of VIVO Cannabis.

With the emergence of the Canadian adult-use market, continued focus on the medical cannabis segment and a growing global opportunity — coupled with a healthy balance sheet showing $110 million in cash — VIVO is well-positioned for success.

VIVO’s unwavering focus on customer needs is demonstrated in the quality of its products, its innovative culture and its plans for expansion. This customer-centric approach is also demonstrated in VIVO’s commitment to demonstrating leadership in the exciting and evolving cannabis industry.

VIVO is a collection of premium brands targeting unique customer segments and needs. Under the overall corporate umbrella of VIVO Cannabis Inc. (vivocannabis.com), the Company’s portfolio includes the following brands:

Beacon Medical: This standardized pharma-grade cannabis is a superior product that’s clean, consistent and repeatable —qualities sought by physicians and patients (beaconmedical.ca)
-      The Clear Path to Medical Cannabis

Fireside Cannabis: Tailored to the social user, this premium cannabis is grown in small batches and undergoes a long curing process to ensure a smooth final product in three varieties to suit every gathering (firesidecannabis.com)
-      Tell Your Story, Fireside

Lumina Wellness: An elegantly designed wellness-focused cannabis product line, Lumina was created to enhance mindfulness and self-discovery (luminawellness.com)
-      Wellness, Elevated

In addition, VIVO’s wholly owned subsidiary Harvest Medicine (hmed.ca) is an established medical cannabis clinic that provides a highly scalable model. In less than 18 months of operation at its Calgary clinic, Harvest Medicine reached a client base of 15,000 active patients through its patient-centric approach and dedication to providing exceptional care. The new location in Edmonton is up and running, and additional locations and the launch of an innovative purpose-built telemedicine app are planned for the near future.

“ABcann was an early leader in the burgeoning cannabis industry. As a Licensed Producer since 2014, we have the experience, the knowledge and the people to create and deliver superior products,” Fishman says. “As VIVO Cannabis, we embrace the mission to improve lives, and we’re well-positioned to continue to be a recognized leader in bringing innovative products and exceptional customer experience to the market.”

About VIVO Cannabis

VIVO is recognized for trusted, high-quality products and services. It holds production and sales licences from Health Canada, and its world-class indoor cultivation facility in Napanee, Ontario contains proprietary plant-growing technology. VIVO is expanding its production capacity and pursuing partnership and product development opportunities domestically, as well as in select international markets, including Germany, Australia and Israel.

VIVO recently announced that it has entered into a definitive agreement to acquire 100% of the issued and outstanding share capital of Canna Farms Limited, a premium cannabis company based in Hope, British Columbia. Canna Farms was B.C.’s first Licensed Producer and has several years of craft cultivation experience and expertise, as well as a significant patient base and positive cash flow.

More Information
Barry Fishman, CEO: barry.fishman@vivocannabis.com
Michael Bumby, CFO: michael.bumby@vivocannabis.com
Website: vivocannabis.com

ON BEHALF OF THE BOARD OF DIRECTORS

Barry Fishman (CEO and Director)

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

Disclaimer for Forward-Looking Information

This news release contains forward-looking statements, including statements regarding the Company’s proposed acquisition of Canna Farms; its plans for expansion; the expected benefits of the name change; and the Company’s position in the market going forward. The forward-looking statements in this release are based on certain assumptions and involves known and unknown risks and uncertainties and other factors that could cause actual events to differ materially from current assumptions and expectations, including that the acquisition of Canna Farms will be successfully completed and that customers will respond positively to the Company’s name change and product lines. These forward-looking statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements, including: that the proposed Canna Farms acquisition may not close on the terms expected or at all; regulatory impediments to the timing of opening of the adult use market; changes to industry regulations that are adverse to the Company; and that customer reception to the Company’s change of name or product lines may not be as expected. A more complete discussion of the risks and uncertainties facing the Company appears in the Company’s Annual Information Form and continuous disclosure filings, which are available on SEDAR at www.sedar.com. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking statements as a result of new information or future events, or for any other reason, other than as required by applicable securities laws.

Thursday, August 2nd, 2018 Uncategorized Comments Off

$DPW Why DPW Holdings is “One to Watch”

  • Operates various segments across multiple strategic industries
  • Acquires undervalued assets and disruptive technologies with a global impact to help them reach full potential and optimum investor return
  • Operates various subsidiaries and is engaged in a variety of strategic investments
  • On track to achieve positive unrestricted free cash flow by end of 2019

DPW Holdings, Inc. (NYSE American: DPW) is a diverse holding company pursuing a growth strategy of acquiring undervalued assets with disruptive technologies with a global impact.

The company invests in diverse industries within the commercial, defense/aerospace, industrial, communication, medical, crypto-mining, hospitality, textile, and corporate investment/lending sectors. DPW has evolved and grown from being a leader in advanced power products. Through its subsidiaries, the company continues to be a leader and supplier of innovative technologies, advanced design and development services, and state-of-the-art power products and solutions.

Through its wholly owned Coolisys Technologies, Inc. subsidiary, DPW is committed to offering world-class technology-based solutions for critical applications and lifesaving services that are primarily driven by innovation. Coolisys targets to the defense, aerospace, naval, homeland security, medical, telecom, datacom and industrial markets. Its growth strategy centers on core markets that are characterized by “high barriers to entry” and require specialized products and services not likely to be commoditized. Through a portfolio of companies, Coolisys is engaged in developing and manufacturing advanced switching power products and power solutions that utilize a customized digital power management and resonant topology to attain:

  • The highest efficiency and highest density power converters and inverters
  • Specialized complex airborne high-frequency, radio frequency (RF), and microwave detector-log video amplifiers (DLVA)
  • Very high-frequency filters
  • Naval power conversion and distribution equipment

Coolisys offers its technology and services through three primary groups: the Power Solutions Group (PSG), the Defense and Aerospace Solutions Group (DSG), and the Advanced Service Industries (ASI) Group. Coolisys manages five divisions:

  • Digital Power Corporation, a leader in providing power electronics technology that is based in northern California.
  • Digital Power Limited dba Gresham Power Ltd, a designer and manufacturer of power distribution systems primarily for Naval use that is based in Salisbury, UK.
  • Microphase Corporation, a designer and manufacturer of microwave electronics technology that is based in Shelton, Connecticut.
  • Power-Plus Technical Distributors, a value-added distributor that is based in Sonora, California.
  • Enertec Systems, a developer and manufacturer of specialized advanced electronic systems for the defense and aerospace sectors that is based in Karmiel, Israel.

DPW’s portfolio of wholly owned subsidiaries also includes Digital Power Lending, LLC (“DPL”), a California private lending company operating under Financial Lender’s License ##60DBO-77905. DPL is dedicated to strategically providing capital to small and middle-size businesses for an equity interest in addition to loan fees and interest. DPL provides secured and unsecured debt financing for public and private companies. These loans will typically have a six to 12-month maturity and range from $250,000-$5 million. DPL is active in bridge loans, receivable financing, inter company loans and micro loans. DPL will work with a network of company owned ATMs (terminals) in California, which will help utilize its CA Finance Lending License and enable the company to offer micro loans of up to $500 or less.

Management has over 50 years of Wall Street experience of investing in, and building companies. DPL’s desire is to bring world-class companies lending opportunities while allowing main street investors to participate. Deal flow and organization comes from an extensive network of investment bankers, business brokers, family offices, and institutional clients enabling DPL to engage and fund the most compelling companies from Silicon Valley to Wall Street.

To date, DPL has funded over $19 million in loans. Since inception, DPL has internally funded over $15 million to DPW’s portfolio companies and wholly owned subsidiaries. As for companies outside DPW, DPL has lent over $4 million in commercial and real estate loans. DPL has funded INVO Bioscience, Medovex, Parallax, Alzamend Neuro, as well as hospitality clients, such as Guilia DTLA and Prep Kitchens.

Another subsidiary wholly owned by DPW is Super Crypto Mining, Inc., a cloud computing service that provides shared and managed computing resources optimized for various block chain mining solutions. Based in Newport Beach, California, Super Crypto Mining leverages its engineering expertise and existing locations to create cryptocurrency mining facilities throughout the world. The company owns and maintains the computing resources and sells access to their use. The established mining is on the Top 3 crypto-currencies with the goal of having 10,000 miners deployed in 2018. Super Crypto Mining endeavors to leverage its engineering expertise and existing global facilities (high-security defense business locations) to secure mining farms. Super Crypto Mining is a rapidly growing organization that recently strategically secured 25 megawatts to power the company’s mining farm. For crypto currency mining, locations with inexpensive power and secure capacity are minimal and hence costly. Having such a location allows the company to grow its mining business to more than 20,000 mining machines. Super Crypto Mining continues to purchase mining machines and explore opportunities to expand its services into other related areas including mining farm real estate investments, mining machine development, and mainstream blockchain projects.

DPW additionally has beneficiary ownership in MTIX International, Inc., the parent company of MTIX, Ltd. and I.AM, Inc.

MTIX was acquired by Avalanche International aka MTIX International, Inc., in August 2017 and offers “green technology” that uses a proprietary laser process to enhance the surface of textiles. This process reduces water usage by approximately 75 percent, reduces greenhouse gases by approximately 90 percent, and reduces chemical use by approximately 95 percent.

I.AM, acquired in May 2018, owns and operates hospitality offerings that include four Prep Kitchen brand restaurants and Giulia DTLA.

Utilizing a shareholder-centric approach to compensation, DPW has formulated the following 10-year objectives:

  • Achieve compounded annual revenue growth of 25-35%
  • Achieve compounded annual net Income growth of 5%
  • Achieve positive unrestricted free cash flow by the end of 2019

DPW is led by a seasoned team of successful business professionals and entrepreneurs. The company is headquartered in Newport Beach, California.

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

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Wednesday, August 1st, 2018 Uncategorized Comments Off