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$VVCIF $YGYI More Banks Doing Business with Cannabis Companies

A quarter-three report for 2018 released by the Treasury Department’s FinCEN (Financial Crimes Enforcement Network) shows that the number of financial institutions that are doing business with marijuana businesses has increased by 20 percent from what it was at the start of this year.

The data gathered by FinCEN shows that 111credit unions and 375 banks had cannabis businesses as clients by the end of September.

This latest report has no surprises since previous quarterly reports by the agency showed a steady increase in the number of financial institutions willing to work with cannabis businesses even if national laws regard marijuana as an illegal substance.

The Q3 report comes hot on the heels of the electoral victories scored by marijuana in the midterm polls. Michigan voters approved adult-use cannabis while voters in Utah and Missouri voted in favor of medical marijuana.

The recent general political developments also seem to favor the marijuana industry in some form, especially when one considers the fact that the Democrats have taken control of Congress. National opinion polls also show record-high support for marijuana legalization, and the politicians may think twice before ignoring this tide.

Meanwhile, the ABA (American Bankers Association) started collecting data from its members regarding the challenges that they are facing as they serve the cannabis industry. The data collected will be used to apply pressure upon Congress and the relevant regulators to institute helpful reforms in the stifling banking laws.

At the same time, a number of key players in the federal government, such as the Treasury Secretary Steven Mnuchin, have expressed a willingness to find ways for cannabis businesses to keep their cash safely instead of in bags as is the current practice.

The Federal Reserve chair has also acknowledged that the current legal regime makes it hard for financial institutions to have any certainty regarding how to work with cannabis businesses in the states where cannabis is legal. He feels that this needs to change.

States where cannabis is legal are also speaking up in different ways. For example, financial regulators in 13 states wrote to Congress asking for protections for the banks doing business with marijuana businesses.

More hope for financial institutions is coming from the consensus that seems to be forming in both Congress and Senate in favor of new legislation geared at fixing the impasse between federal and state banking laws with respect to offering services to cannabis businesses.

The big question now is whether the Republican-leaning Senate will cooperate when it matters if the Democrats in Congress pass cannabis-friendly bills. VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF), Youngevity International, Inc. (NASDAQ: YGYI) and the entire cannabis industry would be glad if these two houses agreed and removed the existing ambiguity in the financial laws affecting cannabis banking.

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CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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Tuesday, December 11th, 2018 Uncategorized Comments Off

$SNNVF 420 with CNW – Supply Shortages Could Delay Cannabis Licenses in Alberta

The seemingly endless supply shortages ever since recreational cannabis was legalized have started having a domino effect on the Canadian pot industry. The latest news is that the province of Alberta will not issue any more cannabis retail licenses for up to 18 months, unless the supply shortages are addressed by the licensed producers who are mandated to grow and avail cannabis to the recreational and medical cannabis markets.

The Alberta Gaming, Liquor and Cannabis (AGLC) commission made the announcement, adding that the matter was out of their hands.

So far, 65 retail stores were approved and started operating. The province had promised to increase the number to about 250 stores within a year after legalization. However, the ongoing shortages have thrown a spanner in the works, and it may not be possible to hit that target.

Matters may worsen on the supply side if Ontario starts retail sales at the beginning of April next year as planned.

The moratorium on new licenses is biting the business community hard. This is because many of the potential retailers had already leased expensive premises for the retail stores, and now they are continuing to pay rent yet they aren’t operational. For how long can they keep making these rent payments before closing for good?

It isn’t clear what recourse the staff who had already been hired will have in light of this extended delay for new stores to open.

It seems the only winner in this situation is the black market, because consumers keep resorting to the illicit market in order to get what they want. Black market dealers are having a field day meeting the needs of a market that was blown wide open after legalization on October 17.

Meanwhile, Alberta is getting jittery because the delays in licensing new operators may drive investors to Ontario. That capital outflow would take needed tax dollars with it. Alberta is the only province that has so far put a halt on the issuance of new retail licenses.

Their position is understandable given that it makes less sense to bring more retailers on board when the current ones cannot even get half the cannabis that the need to satisfy clients. In fact, it has been widely reported in the local press that buyers are so desperate for recreational cannabis that they are maintaining 24/7 vigilance in order to be first in line when a new consignment of cannabis is delivered to a retail store. The supply chain should have been planned better to avoid such an extended shortage. Sunniva Inc. (CSE: SNN) (OTCQB: SNNVF) and Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) aren’t happy about the bad rap that the industry is getting due to these persistent shortages.

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CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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Friday, December 7th, 2018 Uncategorized Comments Off

$PFSF #Hyperledger #Blockchain Tech Could Facilitate Tense Trades

Pacific Software (OTC: PFSF) is aiming to relieve the growing tension regarding trade between Brazil and China through the development of a proprietary e-commerce trade platform that can track complex transactions using cryptographically secure Hyperledger Blockchain technology. A recent article discussing the company reads, “The technology, designed to work as an overlay to existing international distribution channels, is meant initially to facilitate trade between exporters in Brazil and importers in China, but, naturally, it has wider application. It is being developed using IBM’s Hyperledger Blockchain “Backend as a Service” (BaaS) infrastructure. The IBM BaaS platform has the capability to record, store and track a variety of digital product information, such as farm origination details, batch numbers, factory and processing data, expiration dates, storage temperatures and shipping details.”

To view the full article, visit: http://nnw.fm/zIT1W

About Pacific Software

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

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

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Friday, December 7th, 2018 Uncategorized Comments Off

$YGYI Presents at LD Micro Main Event, Co-Founder Dr. Joel Wallach Featured

  • Youngevity representatives met one-on-one with investors at 11th annual LD Micro Main Event on Wednesday, December 5
  • Co-Founder Dr. Joel Wallach featured in documentary showcasing his impactful career of spreading health and wellness awareness across the globe
  • Online viewing of both the presentation and the documentary available

Youngevity International, Inc. (NASDAQ:YGYI), a leading omni-direct lifestyle company, presented at the 11th annual LD Micro Main Event in Los Angeles, California, on December 5. This event was the largest independent conference for small and micro-cap businesses, hosting 250 companies with attendees grossing over 1,200.

Youngevity President and Chief Financial Officer Dave Briskie led the company’s presentation, which took place at 2:00 p.m. PST on Wednesday, December 5. Company representatives attended…

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

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Friday, December 7th, 2018 Uncategorized Comments Off

$TGODF Announces 2018 AGM Voting Results

is pleased to announce the voting results from its annual general and special meeting of shareholders of the Company (“Shareholders“), held in Mississauga, Ontario on December 6, 2018 (the “Meeting“).

The Green Organic Dutchman Holdings Ltd. (CNW Group/The Green Organic Dutchman Holdings Ltd.)

All of the matters put forward before Shareholders for consideration and approval as set out in the Company’s management information circular dated November 7, 2018 (the “Circular“) were approved by the requisite majority of votes cast at the Meeting. In particular, Shareholders approved the election of all director nominees as follows:

Votes in Favour Votes Withheld % of Votes Cast in
Favour (rounded)
Brian D. Athaide 52,054,286 69,035 99.87%
Jeffrey J. Scott 52,058,690 64,631 99.88%
Ian P. Wilms 52,061,767 61,555 99.88%
Marc Bertrand 51,981,416 141,905 99.73%
Nicholas G. Kirton 52,049,507 73,814 99.86%

 

Shareholders also approved the following items of business before the Meeting: (1)  the setting of the number of directors of the Company at five; (2) the appointment of KPMG LLP as auditor of the Company for the ensuing year and the authorization of directors to fix their remuneration; (3) the adoption by the Company of a new 10% rolling share option plan (the “New Share Option Plan“); (4) the adoption by the Company of a fixed number restricted share unit plan (the “New Restricted Unit Plan“); and (5) the adoption by the Company of a fixed number non-employee directors deferred share unit plan (the “New Non-Employee Directors Deferred Unit Plan“).

The total number of common shares of the Company (“Common Shares“) represented by Shareholders present in person and by proxy at the Meeting was 56,214,964 Common Shares, representing 20.92% of the Company’s total issued and outstanding Common Shares. Detailed voting results for the Meeting together with a copy of each of the New Share Option Plan, the New Restricted Unit Plan and the New Non-Employee Directors Deferred Units are available under the Company’s profile on SEDAR at www.sedar.com.

“We are thrilled with the overwhelming support from shareholders at our AGM,” commented Jeff Scott, Chairman of the Board. “2019 will be a pivotal year as TGOD’s flagship domestic facilities begin production ramp-up and sales commence in the coming weeks. With over $450 million raised, TGOD has established itself as a leader in Canadian and international cannabis markets with differentiated premium all-natural organic product, continued expansion across Europe and Latin America, and a team with over 200 years of CPG experience including a proven track record and ability to execute. I have the utmost confidence in our team as we solidify our organic leadership position and deliver on our goal of becoming the largest organic cannabis brand in the world.”

The Company is also pleased to announce that the previously announced plan of arrangement (the “Arrangement“) involving the Company and its wholly-owned subsidiary, TGOD Acquisition Corporation (“SpinCo“) and the related non-brokered private placement offering by SpinCo of up to 20,000,000 subscription receipts of SpinCo (“Subscription Receipts“) at a price of $0.50 per Subscription Receipt for gross proceeds of up to $10,000,000 were also overwhelmingly approved by Shareholders at the Meeting.

Pursuant to the Arrangement, Shareholders of record as of the distribution date (the “Distribution Record Date“) will receive 0.15 of one unit purchase warrant of SpinCo (each, a “SpinCo Unit Warrant“) for each Common Share held. Each SpinCo Unit Warrant will entitle the holder to purchase one unit of SpinCo (a “SpinCo Unit“) at a price of $0.50 per SpinCo Unit for a period of 30 days from the effective date of the Arrangement (the “Effective Date“). Each SpinCo Unit will consist of one common share of SpinCo (“SpinCo Share“) and one-half of one common share purchase warrant of SpinCo (a “SpinCo Warrant“) with an exercise price of $1.25 per SpinCo Warrant Share for a period of 24 months from the date the SpinCo Shares commence trading on a recognized stock exchange, subject to certain acceleration provisions.

Shareholder approval of the Arrangement follows the receipt by the Company on November 6, 2018 of an interim order from the Ontario Superior Court of Justice (Commercial List) (the “Court“) authorizing various matters in connection with the Arrangement. The Company is seeking a final order of the Court to approve the Arrangement at a hearing expected to be held on December 10, 2018.

The establishment of the Distribution Record Date remains subject to the satisfaction of all conditions to the Arrangement (including receipt of requisite corporate and Court approvals) and the approval of the Toronto Stock Exchange. The board of directors of the Company will determine the Distribution Record Date and the Effective Date following satisfaction of all of the conditions to the completion of the Arrangement. The Company will provide further updates on the Arrangement and the Distribution Record Date in due course.

Full details of the Arrangement and certain other matters are set out in Circular, a copy of which together with other meeting materials can be found under the Company’s profile on SEDAR at www.sedar.com.

ABOUT THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD

The Green Organic Dutchman Holdings Ltd. is a premium global organic cannabis company, with operations focused on medical cannabis markets in Canada, Europe, the Caribbean and Latin America and the Canadian adult-use market. The Company grows high quality, organic cannabis with sustainable, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a funded capacity of 170,000 kgs and is building 1,382,000 sq. ft. of cultivation facilities across Ontario, Quebec and Jamaica.

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

Forward-Looking Information Cautionary Statement

This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”). Forward looking statements in this release includes, but is not limited to, statements about the future legalization of cannabis-infused products in Canada, statements about future research, development and innovation by the Company, statements about the offering of any particular products by the Company in any jurisdiction and statements regarding the future performance of the Company, the ability of the Company  to receive, in a timely manner and on satisfactory terms, the necessary regulatory, court, and other third party approvals in connection with the Arrangement, the ability of the Company to satisfy, in a timely manner, the conditions to the closing of the Arrangement, and other expectations and assumptions concerning the Arrangement. The anticipated timing provided herein in connection with the Arrangement may change for a number of reasons, including the inability to secure necessary regulatory, court, or other third party approvals in the time assumed or the need for additional time to satisfy the other conditions necessary to complete the Arrangement. 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, December 7th, 2018 Uncategorized Comments Off

$YGYI Focusing on Multiple Product Verticals

  • Youngevity offers products in the top eight selling retail categories
  • The company offers a hybrid of the direct selling business model
  • Youngevity is also developing a line of proprietary, hemp-derived cannabidiol oil products

A top omni-direct lifestyle company, Youngevity International, Inc. (NASDAQ: YGYI) operates in the Direct Selling and Coffee Industry segments. The retail categories in which it participates include health and nutrition, home and family, food and beverage, spa and beauty, fashion, essential oils, photo and unique services. Chula Vista, California-based Youngevity International is among the top 100 global direct selling companies.

Youngevity is concentrating on three diverse growth channels. These encompass expansion into Latin America and…

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

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Thursday, December 6th, 2018 Uncategorized Comments Off

$PBIO New Management Hire to Play Key Role

  • Bradford A. Young, Ph.D., MBA was recently appointed senior vice president and chief commercial officer
  • A very accomplished and experienced businessman and scientist, Young has helped guide and grow both startups and large companies
  • Young is expected to leverage his technical expertise and real-world experience to drive revenue growth via major partnerships and new commercialization programs

A leader in the development and commercialization of innovative, pressure-based technologies for the worldwide life sciences industry, Pressure BioSciences Inc. (OTCQB: PBIO) recently appointed Dr. Bradford A. Young as its senior vice president and chief commercial officer. The move is designed to help drive the company’s revenue growth and expand its commercialization programs by leveraging Young’s experience as both a scientist and a well-connected and experienced businessman.

Speaking about the appointment during a recent Uptick Newswire Stock Day Podcast with…

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

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Thursday, December 6th, 2018 Uncategorized Comments Off

$NUGS Pursues Licensing to Begin Substantial Cultivation Operations in Central California

Cannabis Strategic Ventures (OTC: NUGS) this morning announced its intention to pursue twenty cannabis licenses from the California Bureau of Cannabis Control that will lead to the development of a substantial 250,000 square feet of turnkey greenhouse cannabis growth operation in the central part of the state. The targeted location is equipped with critical infrastructure, including irrigation and storage facilities, that will enable Cannabis Strategic Ventures to immediately begin operations upon receipt of permitting. “This is a significant event for our Company and its investors,” Cannabis Strategic CEO Simon Yu stated in the news release.  “At approximately one quarter million square feet, this cultivation operation will have four or five cultivation cycles each year and each cycle will be capable of producing tens of thousands of pounds of high-quality flower.”

To view the full press release, visit: http://nnw.fm/9YrUC

About Cannabis Strategic Ventures, Inc.

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

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About NetworkNewsWire

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

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Thursday, December 6th, 2018 Uncategorized Comments Off

$TGODF Supply Agreement Provides Opening to Canadian Provincial Cannabis, Liquor Boards

Cannabis-focused research and development (“R&D”) company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) recently announced that it will serve as the exclusive certified organic producer for Velvet Management Inc., securing a solid entry point with provincial cannabis and liquor boards across Canada. A recent article discussing the company reads, “Under the partnership, Velvet will distribute TGOD’s premium organic cannabis across all recreational adult use markets in Canada through provincial liquor and cannabis boards. Velvet is a new company created by Philippe Dandurand Wines, the largest wine distributor in Canada. Dandurand established Velvet Management Inc. to focus on the sales and marketing of cannabis brands. TGOD is Velvet’s first cannabis partner and will be exclusive as a certified organic producer. TGOD will maintain responsibility for brand marketing (http://nnw.fm/K4DkE). ”

To view the full article, visit: http://nnw.fm/1BIsq

About The Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman Holdings Ltd. is a premium global organic cannabis company, with operations focused on legal medical cannabis markets in Canada, Europe and Latin America and the legal Canadian adult-use market. The company grows high quality, organic cannabis with sustainable, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a funded capacity of 170,000 kg and is building 1,382,000 sq. ft. of cultivation facilities across Ontario, Quebec and Jamaica.   In addition, TGOD has raised approximately C$460 million 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. For more information, visit the company’s website at www.TGOD.ca.

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About NetworkNewsWire

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

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Tuesday, December 4th, 2018 Uncategorized Comments Off

$NUGS Large and Small-Scale Cannabis Cultivation Fueling Growth of Budding Industry

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

To view the full publication, titled “Cannabis Cultivation Powering Growth for the Industry,” visit: http://cnw.fm/dtN7O

This interest of Cannabis Strategic Ventures shows how quickly cannabis cultivation has acquired the trappings of a legally established industry. As a publicly traded company that incubates, develops and partners with brands, Cannabis Strategic Ventures is a sort of meta-business that emerges in sophisticated markets — bolstering the development of production, services and retail through its application of business acumen and strategically applied capital.

Cannabis cultivation is a specialist form of agriculture, requiring an understanding of hydroponics, plant strains and environmental factors that affect the potency of crops. Acquiring those skills hasn’t been easy, especially given how long the industry operated in the shadows, its techniques and collective knowledge shared only through illicit channels. As cultivation takes off, the industry needs the support of companies such as Cannabis Strategic Ventures to acquire equipment, train staff and build facilities to meet the demand of a growing customer base.

About Cannabis Strategic Ventures, Inc.

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

About CannabisNewsWire (CNW)

CannabisNewsWire (“CNW”) is a specialized information service that (1) aggregates cannabis news, (2) provides CannabisNewsBreaks that quickly updates investors in the space, (3) enhances corporate press releases, (4) helps companies with distribution and optimization of social media, and (5) delivers comprehensive corporate communication solutions. CNW is uniquely positioned in the cannabis market with a strong team of journalists and writers who can help private and public companies reach a wide audience of investors, consumers, journalists and the general public through our ever-growing dissemination network of more than 5,000 key syndication outlets. CNW is bringing unparalleled visibility, recognition and content to the cannabis industry.

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

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

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.

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

Tuesday, December 4th, 2018 Uncategorized Comments Off

$NETE 420 with CNW – Why Cannabis Capsules are Gaining Popularity

This year saw three Canadian cannabis companies introduce marijuana capsules on the market following the lead taken by Tilray last year. This year also saw UC San Diego get permission from the DEA to import marijuana capsules for a clinical trial. So, what’s the deal with capsules? Why are they suddenly becoming popular?

The first reason why capsules are a hit in the market is because physicians and consumers find them convenient when one doesn’t want to make mistakes when measuring the quantity to consume, especially patients taking marijuana as a way to alleviating their medical conditions. The medical cannabis dispensary can simply advise the patient to take two capsules a day, or whatever number may be deemed necessary for a specific patient. Those instructions will be easier to follow, consistently, since the process of deciding how much cannabis to take is easy.

Secondly, it is easy to transport the cannabis capsules in case one needs a supply close by. For example, you can simply count out the number of capsules you will need for the days when you are going to be away from home. This is different from having to carry an entire bottle of cannabis oil, for example, thereby exposing it to the risk of total loss in case it spills or degrades due to the unfavorable conditions in which you are carrying the product.

Additionally, cannabis capsules are useful for those people who find themselves in environments where it isn’t possible for them to consume cannabis in the most common ways, such as by smoking or vaping it. Such a person can just pop a capsule (or two or three) and get on with whatever he or she was doing, and none nearby will be the wiser.

Let’s face it, marijuana is still a divisive substance, regardless of what the law says in various jurisdictions. Consequently, consumers often face varying levels of stigmatization as they exercise the freedom granted by law to consume cannabis either for medical or recreational reasons. Once again, capsules can come to the rescue of the individuals who want to be discreet regarding their use of marijuana.

However, it isn’t all rosy for cannabis capsules just yet.

One shortcoming of cannabis capsules is that they cannot be standardized as yet since every individual requires a different quantity of marijuana in order to get the desired effects, whether it is feeling high or getting relief from the symptoms of a medical condition. It may therefore be expensive to ask for the contents of capsules to be customized for your needs, or you will have to make do with the estimated contents from mass-produced capsules.

The other question is: do you prepare the capsules yourself, or buy them from a manufacturer/retailer like MedReleaf Corp.? The source of the capsules is important because it will determine whether you are getting a consistent quality and quantity of cannabis that can trigger the desired effects. For now, buying from a licensed producer or dispensary seems a better route than going the DIY way.

As you can see from the discussion above, marijuana capsules look set to rise to higher levels over the years because of the many advantages that they bring. Industry insiders like Medical Cannabis Payment Solutions (OTC: REFG) and Net Element (NASDAQ: NETE) welcome every innovation, such as capsules, which makes it easier for people to access the cannabis they need for different purposes.

More from CannabisNewsWire

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive instant SMS alerts, text CANNABIS to 21000

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

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

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

Tuesday, December 4th, 2018 Uncategorized Comments Off

$VVCIF Canna Farms Wins Top Reviewed Licensed Producer of the Year Award

NAPANEE, Ontario, Dec. 04, 2018 — VIVO Cannabis Inc. (TSX-V: VIVO, OTCQX: VVCIF) (“VIVO” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Canna Farms Limited (“Canna Farms”), was recognized as the Top Reviewed Licensed Producer of the Year at the recent Canadian Cannabis Awards.  The award, announced on November 29, 2018 and chosen by Lift & Co., was based on the overall volume and quality of reviews of Licensed Producers on the Lift.co website.

Dan Laflamme, President of Canna Farms, said, “It is great to be recognized for being good at what you love to do.  This award is a recognition of the Canna Farms team – talented people that deliver the highest quality product with exceptional customer service.”

About VIVO Cannabis™

VIVO, based in Napanee, Ontario, is recognized for trusted, high-quality products and services. It holds production and sales licences from Health Canada and operates world-class indoor cultivation facilities with proprietary plant-growing technology. VIVO has a collection of premium brands targeting unique customer segments, including Beacon Medical™, FIRESIDE™, Canna Farms™ and Lumina™. In August 2018, VIVO acquired Canna Farms, 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. The Company is significantly expanding its production capacity and pursuing partnership and product development opportunities domestically, as well as in select international markets, including Germany and Australia. VIVO also operates Harvest Medicine, a patient-centric and highly scalable network of specialty medical cannabis clinics as well as a soon to be released free telemedicine app. VIVO has a healthy balance sheet with and is well-positioned to accelerate the growth of our business, in Canada and internationally.

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.

More Information

Barry Fishman, CEO:                     barry.fishman@vivocannabis.com
Michael Bumby, CFO:                     michael.bumby@vivocannabis.com
Website:                                vivocannabis.com
Tuesday, December 4th, 2018 Uncategorized Comments Off

$NUGS Strengthening Portfolio as Widespread Cannabis Approval Surges

Cannabis Strategic Ventures (OTC: NUGS), a cannabis industry incubator, is building its international portfolio of companies in the startup and growth stages as acceptance of cannabis continues to grow in both the U.S. and Canada.  A recent article discussing the company reads, “Despite marijuana’s long cultural association with dopey behavior and decreased intelligence, the cannabis plant has transformed its image in recent years to one of a calming product similar to beer that can be consumed socially, even by progressive and upscale crowds. This is nowhere more apparent than in Canada, for which October marked a line of demarcation as a variety of adult recreational uses of the drug became legal on a national scale (http://nnw.fm/rI28s). ”

To view the full article, visit: http://nnw.fm/Oi5aQ

About Cannabis Strategic Ventures, Inc.

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

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About NetworkNewsWire

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

To receive instant SMS alerts, text STOCKS to 77948

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

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

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

Monday, December 3rd, 2018 Uncategorized Comments Off

$DPW Coolisys Technologies Receives $1.3 Million in Repeat Contracts

Newport Beach, Calif., Dec. 03, 2018 — DPW Holdings, Inc. (NYSE American: DPW) a diversified holding company, (“DPW” or “the Company”) reported its subsidiary, Coolisys Technologies, Inc. (“Coolisys”) has received two repeat customer contracts valued at $1.3 million.

Recent Contracts

  • A $630,000 order with a leading dental technology company for a Power-Plus value-added solution:
    This includes product design, turnkey supply-chain and product fulfillment services that exceeded the customer’s stringent time-to-market and product quality requirements;
  • A $400,000 order with a tier-1 medical technology company specifying a custom high-grade AC/DC Digital Power Corporation (“DPC”) power supply. The contract includes design, development, and manufacturing services for the custom medical grade power supply solution to support their next generation endoscopy product line. The selection was based on Coolisys Technologies’ excellence in manufacturing, support, logistics and engineering.

“The success of Coolisys and its business units is driven by our ability to design, develop and deliver cost effective power solutions to highly discerning customers, especially those in the medical and dental industry,” said Mr. Russell Woodmansee, Chief Operating Officer of Coolisys Technologies, Inc. “We offer custom design capability and program management that shortens time-to-market objectives for our customers. Both these customers have increased existing orders, underscoring the quality of our services and our power electronics products. Our team has a long history of operational excellence, helping OEMs get high-level assemblies just in time, while also providing top-notch field repair and support services,” explained Mr. Woodmansee.

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

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

###

 

Contacts: 
Mary Magnani and Kirsten Chapman, LHA Investor Relations, 415.433.3777, dpwholdings@lhai.com
Monday, December 3rd, 2018 Uncategorized Comments Off

$NETE Wins Two Categories at ACQ5 Global Awards 2018, CEO Named “Gamechanger of the Year”

Company Wins Awards for US- Payment Solutions Provider of the Year and US-Scale-up Company of the Year

MIAMI, FL, Dec. 03, 2018  — via NEWMEDIAWIRE – Net Element, Inc. (NASDAQ: NETE) (“Net Element” or the “Company”), a global technology and value-added solutions group that supports electronic payments acceptance in a multi-channel environment including point-of-sale (“POS”), e-commerce, and mobile devices, today announced that it won two categories at ACQ5 Global Awards 2018 and that its CEO Oleg Firer was named “Gamechanger of the Year”.

The ACQ5 Global Awards celebrate the achievement, innovation, and brilliance of outstanding organizations and individuals across the globe. Chosen by members of the industry itself, award winners selected from more than 75,000 nominations include industry leaders, eminent individuals, exemplary teams, and distinguished firms who have had the greatest impact in their industry and represent the benchmark of achievement, professionalism and best practices.

Net Element’s ACQ5 Global Awards 2018 were:

  • US – Payment Solutions Provider of the year
  • US – Scale-up Company of the year (Payment Solutions)
  • US – Gamechanger of the year, Oleg Firer

“Our goal at Net Element is to be exactly as represented by the award we won – a gamechanger for the payments services industry by providing our merchants with seamless multi-channel payment solutions, value added services and creating value for our shareholders,” said Oleg Firer, CEO of Net Element. “We are honored and proud to be recognized by ACQ5 Global for the work we’re doing.”

About ACQ5 Global Awards 

ACQ5 is a leading corporate magazine news site. Serving the finance sector since 2003, ACQ5 provides its Global audience of over 168,000 subscribers with the information behind the headlines.  ACQ5, the English-language magazine news portal is read exclusively by senior executives holding power and authority at major organizations. The magazine is intended for CEO’s & CFO’s as well as other corporate finance and private equity executives from all corners of the globe.  ACQ5 achieves its objectives through non-bias, concentrated, up to date flagship coverage, country reports and multilateral documents, in some cases commissioned by corporate, governmental and multilateral institutions.  ACQ5 is a valuable addition to the sources of expert information required by leading businessmen when they are fine-tuning their corporate strategies.  For more information, please visit www.ACQ5.com or contact ACQ5 at +44(0)871 218 2470.

About Net Element

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

Forward-Looking Statements

Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Net Element and are difficult to predict. 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 
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Monday, December 3rd, 2018 Uncategorized Comments Off

$FRSX Vision System Installed in Leading Automotive OEM’s Vehicle

European commercial vehicle manufacturer evaluation marks first ever installation of QuadSight prototype

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE:FRSX), an innovator in automotive vision systems, announced today that it has successfully delivered and installed its first QuadSight™ prototype system for evaluation by a leading European manufacturer of commercial vehicles. QuadSight™ was successfully installed on the manufacturer’s truck and passed all initial performance testing. The customer will continue independent evaluation of the system’s performance.

A CES 2019 Innovation Award Honoree, the QuadSight™ quad-camera vision solution targets semi-autonomous and autonomous vehicles and is designed to allow near-100 percent obstacle detection with near zero false alerts, under any weather or lighting conditions.

By collaborating closely with the vehicle manufacturer at the prototype evaluation stage, Foresight collects important feedback in order to develop a commercial product that fits the exact customer’s requirements. Customer satisfaction at the end of the evaluation process may lead to future orders of QuadSight™systems by the vehicle manufacturer for mass production.

“This successful installation marks an important milestone in Foresight’s roadmap,” said Haim Siboni, CEO of Foresight. “We believe that in-vehicle evaluations of the QuadSight™ vision system will clearly demonstrate its advantage over competing systems by its ability to detect any obstacles under harsh weather and diverse lighting conditions. Such evaluations will increase the customer’s confidence in Foresight’s products.”

Using a four-camera vision system based on stereoscopic technology, QuadSight addresses the real-world need for autonomous driving in all-weather and all-lighting conditions and is designed to provide an unprecedented level of obstacle detection accuracy for semi-autonomous and autonomous vehicle safety. Leveraging decades of field-proven security technology and highly advanced image-processing algorithms, QuadSight™ uniquely enables visibility in complete darkness, snow, rain, fog, sandstorms and blinding glare.

Foresight will offer a live demonstration the QuadSight™ vision system at CES 2019, held from January 8–11 at the Westgate Las Vegas, booth #2206. Contact Foresight to schedule a demo.

About QuadSight™
Foresight first launched a demo of its QuadSight™ system last January at the CES show in Las Vegas. Foresight regards QuadSight™ as the industry’s most accurate quad-camera vision system, offering exceptional obstacle detection for semi-autonomous and autonomous vehicle safety. Using proven, highly advanced image-processing algorithms, QuadSight™ uses four-camera technology that combines two pairs of stereoscopic infrared and daylight cameras. QuadSight™ is designed to achieve near-100% obstacle detection with near zero false alerts under any weather or lighting conditions – including complete darkness, rain, haze, fog and glare.

Stereoscopic vision technology’s exceptional three-dimensional (3D) images, detection and accuracy are essential for safe and reliable semi-autonomous and autonomous vehicle vision systems. The combination of stereoscopic visible-light cameras and thermal vision exceeds a human driver’s ability to see objects in real time, whether large or small, in-motion or static, and from short or long-range distances.

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

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses future orders of QuadSight systems and the benefits of in-vehicle evaluations. In addition, Foresight is using forward-looking statements when it discusses that it intends to increase awareness of its unique solutions, to address potential customers and expand its presence with vehicle manufacturers and Tier One automotive suppliers by selling additional prototypes. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release.

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

Investor Relations:
Miri Segal-Scharia
CEO
MS-IR LLC
msegal@ms-ir.com
917-607-8654

Media:
Rainier Communications
Mary Lynch Cadwallader / Michelle Allard McMahon
foresight@rainierco.com
508-450-2733 / 781-718-3248

Monday, December 3rd, 2018 Uncategorized Comments Off

$YGYI Hemp-Derived Cannabidiol HempFX Products Now Available Online

  • Youngevity International is an amalgam of products and services under one corporate entity
  • The company’s global sales are increasing with recent international expansion
  • Its three hemp-derived cannabidiol products are now available for online purchase

A foremost omni-direct lifestyle company, Youngevity International, Inc. (NASDAQ:YGYI) focuses on supporting a healthy and empowered lifestyle. The company operates in two major and scalable business segments – direct selling and the coffee industry (via wholly owned subsidiary CLR Roasters). Headquartered in Chula Vista, California, Youngevity generates revenue from the eight leading retail categories. These categories encompass health and nutrition, home and family, food and beverage, spa and beauty, fashion, essential oils, photo and unique services.

Youngevity International is a global Main Street of products and services under one corporate entity. The company offers a fusion of the direct selling business model. This includes e-commerce and…

Read more »

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About NetworkNewsWire

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

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212.418.1217 Office
Editor@NetworkNewsWire.com

Monday, December 3rd, 2018 Uncategorized Comments Off

$TGODF Building New Capacity upon First Commercial Cannabis Crop

  • Full-scale cannabis legalization in Canada in October led to a rush of consumer interest and a resultant shortage of supply as the new industry adapts
  • The Green Organic Dutchman is improving on its initial commercial crop by building facilities with 195,000 kilograms of annual production capacity
  • The company’s reach includes cultivation facilities in Canada and Jamaica, with additional hemp production in Poland
  • Vast distribution capabilities spread wide across Canada, Jamaica, Mexico and Europe

Soaring demand for legal cannabis products has strengthened the long-term outlook for cannabis cultivator The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF), which is expanding its production capability as well as its international footprint in a bid to stay abreast of the market’s sweeping tide.

Canada’s nationwide legalization of cannabis in October opened the doors to a huge buying spree by consumers, even as its newly regulated industry struggled to cross the bar into the unknown expanse of legitimate high-quality marijuana production while the black market outlets that the legal industry threatened to extinguish continued to snap up customers unwilling to wait for the new market’s wheels to turn (http://nnw.fm/acNI8).

Legal cannabis retail outlets in Quebec, Manitoba, New Brunswick, British Columbia, Alberta, Nova Scotia and Saskatchewan reported supply shortages in late November, and Khurram Malik, CEO of diversified cannabis company Biome Grow, predicted that supply might only be adequate to meet demand by 2020 or later, according to the Motley Fool (http://nnw.fm/b47rS).

At the forefront of authorized producers, The Green Organic Dutchman dedicated its first commercial crop to a closed “Grower’s Circle” group of patients and investors as a show of loyalty to “those who supported TGOD and those who are most in need of medical cannabis therapy,” according to its third-quarter operations report. At the same time, the company was working to expand its existing 27,000 square feet of production space in Hamilton, Ontario, into an operation that’s expected to ramp-up to nearly 200,000 kilograms of annual capacity across Ontario, Quebec and Jamaica when construction is completed early next year, as well as scalable hemp capacity in Poland.

The company is improving efficiency measures in its existing commercial cultivation while developing five new strains for the medical and recreational markets amid the race to provide patients and other consumers with consistent, premium product.

The Motley Fool report notes the declining stock values of many cannabis producers following Canada’s transition to legalization, adding that investors may become increasingly unhappy if losses increase while growers continue expanding their capacity and working on product diversification, branding and marketing. That includes The Green Organic Dutchman, which the report describes as a potential top-five producer once it gets running on all cylinders with its expected 195,000 kilograms of annual production (including 40,000 kilogram-equivalents from edibles and cannabis-infused beverages as they become legal).

The Green Organic Dutchman acknowledged in its third quarter report that “expanding its operations, administration and marketing infrastructure to rapidly scale its business” resulted in a loss for the three and nine months ended September 30, but it stated that those losses were in line with budgeted expectations.

Chief Financial Officer Sean Bovingdon noted in the third quarter report that The Green Organic Dutchman “has secured its financial future by raising over $450 million [and] fully funding [the company’s] current domestic and international plans,” adding that TGOD has “no plans to return to the market for additional capital at this time.”

Bovingdon continued, “We have de-risked the capital side of our business and with our focus now on delivering medical and recreational sales in Canada and internationally. We expect to drive significant value for shareholders in 2019 and beyond.”

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

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Friday, November 30th, 2018 Uncategorized Comments Off

$NUGL Returns to Money TV

LOS ANGELES, CA, Nov. 30, 2018 — via NEWMEDIAWIRE – NUGL Inc. (OTC: NUGL) (the “Company”), the cannabis industry’s new standard of technology, is pleased to announce its second interview on the venerable financial program, Money TV.

“We had to get back on the air and let the investing public know what we’ve been up to beyond the confines of a press release,” said Ryan Bartette, Chief Marketing Officer, NUGL.  “We now have launched our much-anticipated advertising platform with full reporting analytics 25 days ahead of schedule and even improved the imperative search function.  Our users already love it and we are selling new ads daily, monetizing our ever-growing user traffic.

“For the next few weeks we plan on using the Money TV format to update our current and prospective shareholders on all the roll-outs, development and general progress at NUGL,” added Bartlette.

Stay tuned to the latest NUGL appearances on Money TV at the link below:

http://moneytv.net/this-weeks-show/

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. NUGL’s flexible web app has no geographic limitations and can rapidly connect cannabis companies, related vertical services and users. The NUGL iOS and Android app brings a powerful cannabis search tool within reach of anyone, anytime, anywhere with the ease of a smartphone.

For more information and updates, visit one of the links below.

Website: http://www.nugl.com/
Facebook:  https://www.facebook.com/nuglapp/
Instagram: https://www.instagram.com/nuglapp/
Twitter: https://twitter.com/nuglapp/

LinkedIn: https://www.linkedin.com/company/nuglapp/

Newsletter: https://nugl.us16.list-manage.com/subscribe?u=219fe8bb6995a19827c9f36cb&id=dc46712578

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

Investor Relations & Financial Media

info@integrityir.com

Toll Free: (888) 216-3595

www.IntegrityIR.com
Friday, November 30th, 2018 Uncategorized Comments Off

$VVCIF Reports Record Revenue for Q3 2018

  • Revenue of $2.3 million
  • Pro-Forma Revenue of $4.4 million

NAPANEE, Ontario, Nov. 30, 2018 — VIVO Cannabis Inc. (TSX-V: VIVO, OTCQX: VVCIF) (“VIVO” or the “Company”), a licensed producer of cannabis under the Cannabis Act through its wholly-owned subsidiaries, ABcann Medicinals Inc. (“ABcann”) and Canna Farms Limited (“Canna Farms”), is pleased to announce the release of its financial results for the three and nine months ended September 30, 2018. The results represent the Company’s strongest financial performance to date.

“The acquisition of Canna Farms represents a transformational transaction in the evolution of VIVO that has led to a record quarter of $2.3 million revenue, with $4.4 million of pro forma revenue for the full quarter. Not only has this acquisition provided a significant revenue impact, it has tripled our production capacity, expanded our product range and substantially increased our medical patient base,” stated Barry Fishman, CEO of VIVO.

Q3 2018 Highlights

  • Q3 revenue of $2.3 million
  • Completion of the acquisition of Canna Farms on August 31, 2018, resulting in pro forma Q3 revenue of $4.4 million (the revenue that VIVO would have reported had Canna Farms been owned for the entire quarter)
  • At the end of Q3 2018, total medical cannabis patients of 18,000 compared to 2,000 at the end of Q2 2018 (representing a 9-fold increase)
  • Entry into adult-use supply agreements with British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and the Yukon, and Canna Farms achieving one of the best order fulfillment rates in the industry
  • Beacon Medical™ product was introduced into the Australian market
  • The upgrading of the Company’s common shares to the OTCQX® Best Market in the United States
  • Completion of corporate re-branding, including name change to VIVO Cannabis and the launch of the Beacon Medical™ cannabis brand
  • Introduction of the Lumina™ and Fireside™ adult-use cannabis brands
  • Expansion of senior level management team and appointment of Daniel Laflamme to the Company’s board of directors.

Highlights Subsequent to Q3 2018

  • The launch of Harvest Medicine’s HMED Connect telemedicine app, which allows patients across Canada to access Harvest Medicine’s class-leading education and patient-centric model at any time, and is expected to create significant partnership opportunities with pharmacies, long-term care facilities and insurance companies
  • Acquisition of Trauma Healing Centres (“THC”), a leading east coast chain of medical cannabis clinics, resulting in Harvest Medicine and THC currently operating six clinic locations across four provinces representing a total of 22,000 active patients
  • Strategic equity investments in Canadian cannabis retailers, National Access Cannabis Corp. and Westleaf Cannabis Inc.
  • VIVO’s capacity to supply both the medical and adult-use markets will be enhanced in the first half of 2019 with internal expansion in BC and Ontario and through certified third-party partner supply agreements.

Financial Results

VIVO reported revenues of $2.3 million and a net loss of $9.1 million for the third quarter of 2018, as the Company continues to invest to drive future growth. Non-recurring advertising and promotion expenses incurred in preparation for the launch of the adult-use market on October 17, 2018 and expenses related to the Canna Farms acquisition were a material factor in the increase in net loss.

As at September 30, 2018, the Company had $100 million in cash, cash equivalents and short-term investments, total assets of $285 million, total liabilities of $61 million, and 291 million common shares outstanding.

Key Financial Metrics
(in millions)
Three Months Ended September 30
Nine Months Ended September 30
2018
($)
2017
($)
2018
($)
2017
($)
Sales 2.3 0.2 3.9 0.6
Adjusted EBITDA(1) (4.7) (3.7) (11.6) (7.9)
Cash and short-term investments 100.4 43.4 100.4 43.4
 (1) Adjusted EBITDA is not a measure of financial performance under IFRS. The definition for Adjusted EBITDA can be found in the Company’s management discussion and analysis for the period ended September 30, 2018 at www.sedar.com.

Additional details with respect to the Company’s results of operations are available in its management’s discussion and analysis and condensed interim consolidated financial statements for the period ended September 30, 2018, both of which can be found on SEDAR at www.sedar.com.

Strategic Agreements

Since June 30, 2018, the Company has entered into a number of agreements that will provide a strong platform for future growth, including:

  • an agreement with Pharmascience Inc., a global pharmaceutical company based in Montreal that is a Licensed Dealer, to develop a line of specific medical cannabis formulations on behalf of the Company that are intended to maximize therapeutic benefit to patients by using pharmaceutical quality and precise dosing standards
  • an applied research agreement with Loyalist College’s Applied Research Centre for Natural Products and Medical Cannabis (ARC) to investigate and develop innovative processes for the extraction and formulation of cannabis oils
  • an agreement between Harvest Medicine and Think Research, a leading digital healthcare platform provider, to enhance its national medical cannabis care and education platform
  • a multi-year agreement with national cannabis distributor, Green Hedge Education & Distribution Services Ltd., to provide sales and distribution services to licensed cannabis wholesalers and retailers across Canada.

About VIVO Cannabis™

VIVO is recognized for trusted, high-quality products and services. Through Canna Farms and ABcann Medicinals, it holds production and sales licences for cannabis and cannabis oils from Health Canada and operates world-class indoor cultivation facilities with proprietary plant-growing technology. VIVO has a collection of brands targeting unique customer segments, including Beacon Medical™, FIRESIDE™, Canna Farms™ and Lumina™. VIVO acquired Canna Farms, a premium cannabis company based in Hope, British Columbia, in August 2018. Canna Farms was BC’s first Licensed Producer and has several years of craft cultivation experience and expertise.

The Company is significantly expanding its production capacity and pursuing partnership and product development opportunities domestically, as well as in select international markets, including Germany and Australia. In the fourth quarter of 2018, VIVO also acquired THC, which was subsequently amalgamated with Harvest Medicine. Harvest Medicine and THC operate a patient-centric and highly scalable network of specialty medical cannabis clinics in Alberta and on the east coast of Canada, as well as HMED Connect, a free telemedicine service.

VIVO has a healthy balance sheet and is well-positioned to accelerate the growth of its business, in Canada and internationally.

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

All dollar amounts in this news release are in Canadian dollars. Certain statements in this news release are forward-looking statements, which are statements that are not purely historical, including statements regarding the beliefs, plans, expectations or intentions of VIVO and its management regarding the future. Forward-looking statements in this news release include statements relating to the Company’s plans to expand production capacity and pursue partnership and product development opportunities domestically and internationally. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements, including: (i) that the Company may not be able to achieve its production capacity targets at some or all of its production facilities; (ii) that the Company may not be able to launch new products in the time expected or at all; (iii) that the Company may not be able to achieve competitive margins; (iv) that the Company may not be able to increase the sales of its products in the current domestic market or to successfully launch new product lines in the time expected or at all; (v) that new products, if launched, may not be accepted by the market or may become subject to product liability claims; (vi) that the Company may not be able to obtain a distribution/import license or a cultivation license for Germany or other emerging markets it is targeting; (vii) that the Company may not be able to serve larger and broader markets as a result of its production increase; (viii) that the Company may be unable to retain its key talent; and (ix) other factors beyond the Company’s control. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are urged to consider these factors, and the more extensive risk factors included in the Company’s annual information form dated April 30, 2018, which is available on SEDAR, carefully in evaluating the forward-looking statements contained in this news release and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. The forward-looking statements in this news release are made as of the date hereof and the Company disclaims any intent or obligation to update publicly any such forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

 

Friday, November 30th, 2018 Uncategorized Comments Off