Archive for May, 2018
$ETST Positioned for Licensed Distribution of Products in Canada
- Jad Nammour joins the company as new Chief of Pharmacy, bringing over 20 years of experience to ETST
- Positioned for sales growth with a strong, completed team of industry professionals
- Accelerating the development and commercialization of new products in Canada and overseas
Earth Science Tech, Inc. (OTC: ETST), a Florida-based biotech company focused on cannabis and cannabinoid research and development, nutraceuticals and pharmaceuticals, as well as on R&D for certain medical devices, recently announced Jad Nammour as its new Chief of Pharmacy (http://cnw.fm/s6GPh). Nammour is trained to develop master formulae, the templates for mass production of non-sterile medicinal products. Having a certified pharmacist on staff is required by law to obtain a license to distribute controlled substances. Nammour fills this final important technical gap in the production and development teams. His job will be to make sure that controlled substances and drugs are managed, handled and stored correctly. He will also help in the development and marketing of the company’s nutraceutical patents, pharmacological products and medical devices. The adding of the new Chief of Pharmacy brings ETST one step closer to obtaining a final license to distribute controlled substances, and completes the management and development teams.
ETST has positioned itself for growth in 2018 through the addition of its new COO, Gagan Hunter, in March (http://cnw.fm/AMAy3) and the final addition of new Chief of Pharmacy Jad Nammour in April. In a news release, Dr. Michel Aube, CEO & CSO, stated “We have all of the knowledge, experience and proficiency that we need to bring our products to the marketplace and become a licensed distributor of drugs and controlled substances in Canada, as announced earlier this year.” The company holds three wholly owned subsidiaries: Earth Science Pharmaceutical, Cannabis Therapeutics, and KannaBidioiD. In addition, Canadian subsidiary Canna Inno Laboratories Inc. was formed by ETST in 2017, as a strategic Montreal, Canada-based company, to give ETST a foothold in Québec, providing the company with access to government grants.
The company has already received a grant through Canna Inno Laboratories Inc. from the Government of Québec to support the pre-launch process of three CBD-based products that aim to prevent common causes of cancer and help reduce occurrence rates. ETST is strategically working to improve treatments for different diseases on a global scale. Human clinical trials are set to begin in 2019, or later, in producing an over-the-counter (OTC) drug and a cannabinoid companion generic drug that battles opioid dependency. ETST is planning to investigate the synergies between mineral elements and cannabinoid industrial hemp oil. This could potentially be used as a treatment for opioid dependency. In March 2018, ETST announced its membership in the largest innovative business acceleration program in Québec (http://cnw.fm/IK6bD). With this membership, the company is poised to accelerate the development and commercialization of new products in Canada and overseas.
For more information, visit the company’s website at www.EarthScienceTech.com
More from CannabisNewsWire
- Earth Science Tech, Inc. (ETST) Continues to Develop High Grade Hemp-based Products to Meet CBD Segment Growth
- Lexaria Bioscience’s (CSE: LXX) (OTCQX: LXRP) Licensing Agreement Renewal with Nuka Enterprises Reinforces DehydraTECH™ Revenue Strategy
- EVIO Inc. (EVIO) Taps into Canadian Cannabis Testing Market Ahead of Full Legalization
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.
For more information please visit https://www.CannabisNewsWire.com
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$ETST Develops High Grade Hemp-based Products, CBD Demand
May 14, 2018
- CBD segment projected to grow to $2.1 billion by 2020
- Global hemp-based foods market forecast to grow at a CAGR of 24 percent from 2018 to 2022
- ETST uses cutting-edge technology to produce the highest-grade full spectrum hemp oil for product formulation
The CBD segment is one of the main drivers of the huge growth in the cannabis industry, with the Hemp Business Journal projecting this segment to grow to $2.1 billion by 2020 (http://cnw.fm/JPN3q). In addition, market research analysts Technavio forecast that the global hemp-based foods market will grow at a CAGR of over 24 percent through 2021 (http://cnw.fm/R2rcU). Earth Science Tech, Inc. (OTC: ETST) is an innovative biotech company with a primary focus on delivering high grade hemp-derived, cannabidiol (CBD)-based products to this market. It has a further focus on the development of diagnostic tools, testing processes and medical devices.
The company uses the latest supercritical CO2 cold liquid extraction method to produce the highest quality and purity full spectrum hemp oil, which is neither synthetic nor an isolate. ETST’s range of high grade cannabinoids extracted during this process contain a variety of valuable phyto-nutrients, essential oils and other naturally occurring therapeutic compounds found in the hemp plant. These are used to develop and commercialize products for the pharmaceutical and nutraceutical markets.
The company is the top brand for nutritional and dietary supplements in the industrial hemp market. ETST’s high grade CBD-rich hemp oil is classified as “food based” and is permissible in all 50 U.S. states and around 40 countries. It is used in the formulation of a wide range of CBD-infused products, including vitamins, minerals, herbs, botanicals, homeopathies, personal care products and functional foods. The company delivers its products in a variety of forms, such as capsules, soft gels, tablets, chewables, liquids, creams, sprays and powders.
ETST operates through several wholly owned subsidiaries:
- Cannabis Therapeutics, Inc. is an emerging biotechnology company that’s poised to become a world leader in cannabinoid research and development for a broad line of cannabis and cannabinoid-based pharmaceuticals and nutraceuticals, as well as other products and solutions.
- Earth Science Pharmaceutical, Inc. is focused on becoming a world leader in the development of low cost, non-invasive diagnostic tools, medical devices, testing processes and vaccines for sexually transmitted infections (STIs) and diseases (STDs).
- KannaBidioid, Inc. is focused on the manufacture and distribution of vapes/e-liquids and gummy edibles in the recreational space, formulated using its unique Kanna and CBD formula.
In addition, the company established a Canadian subsidiary, Canna Inno Laboratories Inc., in 2017 to give it a foothold in the Canadian cannabis market. Based in Montreal, Quebec, Canna Inno received a grant from the Government of Quebec in March 2018 to fund its innovation drive in the pharmaceutical industry. This grant will be used for the pre-launch of three of ETST’s CBD-based patented nutraceutical products to fight breast cancer and neurodegenerative disorders. The company plans to apply for more grants under the Canadian government’s Scientific Research and Experimental Development Tax Credit program.
ETST has listed several of its products for sale on its website, including raw and flavored High Grade Hemp CBD Oil tinctures, CBD veggie capsules and e-liquids in six flavors. Customers can purchase single and bulk tinctures, bulk wholesale oil, powder, vape oil and other formulations for health and wellness.
For more information, visit the company’s website at www.EarthScienceTech.com
More from CannabisNewsWire
- Lexaria Bioscience’s (CSE: LXX) (OTCQX: LXRP) Licensing Agreement Renewal with Nuka Enterprises Reinforces DehydraTECH™ Revenue Strategy
- EVIO Inc. (EVIO) Taps into Canadian Cannabis Testing Market Ahead of Full Legalization
- ChineseInvestors.com, Inc. (CIIX) Enters Letter of Intent to Acquire XBTeller.com Assets
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.
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
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$CIIX Launches Bitcoin Talk Show – CannabisNewsBreaks
NEW YORK, May 14, 2018 —
ChineseInvestors.com, Inc. (OTCQB: CIIX) (“CIIX” or the “Company”), the premier financial information website for Chinese-speaking investors, today announces the launch of its cryptocurrency and blockchain talk show entitled “Bitcoin Talk Show“ airing on Phoenix North America Chinese Channel (“Phoenix North America”). This innovative television program will begin airing the first week of June 2018. Local Chinese investors and business owners will be invited to the Phoenix North America headquarters to attend the live taping where they will discuss cryptocurrency and blockchain technology with the Company’s Newcoins168.com Analysts.
“We believe Chinese investors are seeking cutting edge knowledge about blockchain and cryptocurrency, and this lighthearted, entertaining television program will accomplish just that. In addition, we seek to bring awareness to the newcoins168.com brand and to gain recognition as a leader in Chinese language cryptocurrency and blockchain education,” says Warren Wang, CEO of ChineseInvestors.com, Inc.
ChineseInvestors.com, Inc. and Phoenix North America have entered into a one year contract to air the 22-minite Bitcoin Talk Show, once monthly. The pre-recorded talk show will be broadcasted to audiences in North America and will also be aired on the ChineseFN and Newcoins168.com YouTube channels. Recently Phoenix North America was added to the list of free channels offered by Time Warner Cable, which will provide exposure to over 500,000 Chinese people domestically.
“With the 2017 launch of Bitcoin Multimillionaire, the first daily cryptocurrency video newscast broadcast from the NYSE in the Chinese language, and http://www.newcoins168.com , and the upcoming launch of the Bitcoin Trading Academy and Bitcoin Talk show in June 2018, we are implementing our strategic plan to provide Chinese investors with essential cryptocurrency investment education and trading tools,” says Wang.
“As the Company continues its expansion into the cryptocurrency space, we anticipate a 30% increase in revenues from last year, resulting in three consecutive years of revenue growth since 2016. This is an exciting time for ChineseInvestors.com, Inc. as the Company’s fiscal year comes to an end on May 31, 2018.” Wang concludes.
About ChineseInvestors.com (OTCQB: CIIX)
Founded in 1999, ChineseInvestors.com endeavors to be an innovative company providing: (a) real-time market commentary, analysis, and educational related services in Chinese language character sets (traditional and simplified); (b) advertising and public relation related support services; and (c) retail, online and direct sales of hemp-based products and other health related products.
For more information visit ChineseInvestors.com
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$PVOTF Leverages Innovative Technologies for Improved Cannabinoid Product Delivery
- Forecasts predict $55.8 billion valuation for medical cannabis market by 2025
- Pivot Pharmaceuticals building portfolio of diverse tech for improving bioavailability of cannabinoid therapies
- Company’s leadership team builds on decades of experience in pharmaceutical arena
For nutrition-conscious consumers, scanning food product labels is a requisite part of any trip to the grocery store, but a recent study by the U.S. Department of Agriculture’s Agricultural Research Service (http://nnw.fm/Lk5rI) found that the old maxim ‘what you see isn’t always what you get’ holds true when it comes to certain foods like nuts. Even though pistachios, for example, may have 161.9 calories per ounce, only 153.8 calories are utilized by the human body. The remaining five percent of those calories are given a pass by the body and not taken up, according to the research. Such information fuels the concept of bioavailability, or determining the portion of total nutrients that the body is able to extract for use in order to establish the real benefit a consumer derives from the product.
Bioavailability becomes a similarly important question in the consumption of medications, as health researchers and physicians work to determine how much real benefit a patient derives from a drug’s properties and how to improve the body’s use of them. For companies like Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTF) (FRA: NPAT), enhancing a drug’s bioavailability is part of their bread and butter as they not only develop products designed to improve patients’ quality of life but try to ensure that these products deliver maximum benefit to the human body’s systems.
Pivot Pharmaceuticals’ patents in the field of cannabinoid use comprise a portfolio of landmark technologies that strive to increase bioavailability, drug release rates and product stability so that consumers can “confidently take correct and accurate doses to help meet their health and wellness needs.” Some patents maintain the company’s impetus in making cannabis available through powdered formulations that can be combined with products in the food and beverage market. Through subsidiary Thrudermic (http://nnw.fm/AiZ6a), the company is invested in a transdermal lipid-based nano-dispersion technology that enhances skin absorption of cannabinoids, and the company’s water soluble, oral delivery product, PGS-N001, is designed to provide relief to cancer patients suffering from chemotherapy-induced vomiting, nausea, neutropenia and anemia by utilizing a bioavailability technology already demonstrated in Europe.
Market forecasts anticipate that the therapeutic product derivatives of cannabis will fuel a $55.8 billion market by 2025 as a growing number of governments legalize the oft-controversial drug’s use, according to a report issued last year by Grand View Research, Inc. (http://nnw.fm/X3ohq).
Pivot Pharmaceuticals’ innovations in the marketplace are driven by a leadership team that’s experienced in clinical, commercial, product development and financial management. CEO Patrick Frankham has over 20 years of experience in the pharmaceutical, biopharmaceutical and services industries, leading successful development programs in oncology, and he has been a founder, investor and board member of several health care ventures during the past 15 years.
“Consumers deserve and will demand products that work, whereas regulatory authorities will require high quality, reproducible and safe products. Pivot has positioned itself to be the market leader of bio-cannabis products,” Frankham stated in summarizing the company’s mission (http://nnw.fm/k7hSm).
Board of Directors Chairman Ahmad Doroudian founded Merus Labs International Inc., and he has also filled executive positions for other pharmaceutical companies as part of his activities since becoming involved in early stage financing and management of private and publicly listed companies in the 1990s.
Dr. Wolfgang Renz, a business executive with expertise in medical innovation and cross-industry convergence, as well as a physician specializing in hepatology, serves on the board of directors, and accounting administrator Moira Ong serves as the company’s chief financial officer.
In 2017, Pivot’s Canadian leadership created a United States-based entity to take advantage of the increased legalization of the cannabis market in California and other North American locales, accelerating the monetization of the company’s Ready To Infuse Cannabis (“RTIC”) technology for products in the food and beverage industry. Pivot Naturals, LLC is led by President Pat Rolfes and Director of Research and Development Ross Franklin. Rolfes and Franklin led RTIC developer ERS Holdings LLC prior to the acquisition of that company and its patents by Pivot, and they are joined on the Pivot USA executive team by product formulation administrators Joseph Borovsky and Leonid Lurya, who were the scientific technology executives on the Thrudermic team upon its acquisition.
For more information, visit the company’s website at www.PivotPharma.com
More from NetworkNewsWire
- EVIO Inc. (EVIO) Taps into Canadian Cannabis Testing Market Ahead of Full Legalization
- ChineseInvestors.com, Inc. (CIIX) Enters Letter of Intent to Acquire XBTeller.com Assets
- Hammer Fiber Optics Holdings Corp. (HMMR) – Changing the Future of Wireless Technology
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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$NETE Stock Upgraded to ‘Buy’ Rating by ValuEngine
- NETE sales are projected to reach $65 million in 2018, an eight percent jump, per Zacks Small-Cap Research; Zacks cites 10.6 percent sales increase in 2017 to $60.1 million, sees growth in 2019 to $70.8 million
- SeeThruEquity, LLC analysis reported that NETE’s North America Transactions Solutions business segment grew by 21.3 percent YOY in 2017
- Zacks notes that NETE launched Fast Pass Funding, a same-day funding service through its proprietary next generation Netevia multi-channel payments processing platform
Net Element, Inc. (NASDAQ: NETE) has received an upgrade of its stock rating to ‘Buy’ from ValuEngine, a stock valuation and forecasting service (http://nnw.fm/39mgK). A Zacks Small-Cap Research report projects that NETE sales will reach $65 million in 2018, then $70.8 million by 2019 (http://nnw.fm/eK1a8).
A SeeThruEquity update found that the company’s balance sheet in full year 2017 was “significantly improved.” It reported that the $7.55 million raised during 4Q2017 was characterized by management as a “growth fund” to support NETE’s organic growth programs and its new blockchain initiatives (http://nnw.fm/BaMX3).
NETE is a global financial technology and value-added solutions group that accepts electronic payments in an omni-channel environment that spans across point-of-sale terminals, e-commerce and mobile devices. It has launched Fast Pass Funding, a same-day funding service, through Netevia, its next generation payments platform. Fast Pass Funding enables merchants to receive funding in as little as three hours on business days, NETE said.
The company’s 21.3 percent growth in its North America Transaction Solutions segment, reaching $51.1 million in revenues in 2017, was driven by organic sales to small and medium-sized business merchants and value-added offerings, SeeThruEquity added.
The report said that NETE is integrating new technology into Netevia to make it a decentralized blockchain technology solution. “Blockchain and cryptocurrency should be a natural extension of the company’s strategy,” SeeThruEquity reported. NETE “may be positioned” to capture share from other payment processing vendors with the disruptive impact of cryptocurrency, it said.
For more information, visit the company’s website at www.NetElement.com
More from NetworkNewsWire
- EVIO Inc. (EVIO) Taps into Canadian Cannabis Testing Market Ahead of Full Legalization
- ChineseInvestors.com, Inc. (CIIX) Enters Letter of Intent to Acquire XBTeller.com Assets
- Hammer Fiber Optics Holdings Corp. (HMMR) – Changing the Future of Wireless Technology
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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$HMMR Audio Press Release Expanding in the Cloud with Innovative IaaS Services
New York, New York–(May 11, 2018) – NetworkNewsAudio announces the Audio Press Release (APR) titled “Telecommunications Companies Modernize, Diversify in Face of Competition,” featuring Hammer Fiber Optics Holdings Corp. (OTCQB: HMMR).
To hear the NetworkNewsAudio version, visit: http://nnw.fm/E3k0Q
To read the original editorial, visit: http://nnw.fm/KTit0
Hammer recently formed a new business unit, Hammer Sphere, under the Hammer Communications umbrella. This unit will have responsibility for the company’s expanded IaaS cloud services that will enable its clients to host their products via the company’s leading-edge server infrastructure, fiber network and data center.
Hammer Sphere will provide a robust and modern server infrastructure, fiber network architecture and data center that enable efficient hosting and fast delivery of clients’ products. Its range of services will enable client companies to eliminate the extensive costs associated with the establishment and maintenance of a corporate data center, while harvesting the benefits of cloud-based services.
All these initiatives indicate Hammer Communications’ commitment to deploying strategies to provide modern and cutting-edge telecommunications solutions that will enable it to grow and prosper. The company is ably supported in its endeavors by a seasoned leadership team with extensive experience and understanding of the telecommunications industry, including sales, marketing, engineering, construction and business development.
About Hammer Fiber
Hammer Fiber Optic Holdings Corp. (OTCQB: HMMR) is a telecommunications company investing in the future of wireless technology whose holdings include Hammer Fiber Optic Investments, Ltd. D/B/A Hammer Communications, a New Jersey-based Internet Service Provider (ISP) that offers internet, voice, video and data services in New Jersey, as well as carrier services in Philadelphia and New York. Hammer Fiber serves residential and small business markets with high capacity broadband, voice and video through both direct fiber as well as its wireless fiber platform, Hammer Wireless® AIR technology. For more information, visit the company’s website at www.HammerComm.com
About NetworkNewsAudio
NetworkNewsAudio (NNA) , a NetworkNewsWire (NNW) Solution, allows you to sit back and listen to market updates, CEO interviews and a Company AudioPressRelease (APR). These audio clips provide snapshots of position, opportunity and momentum. NetworkNewsAudio (NNA) is another NetworkNewsWire (NNW) Solution that can assist your company by cutting through the overload of information in today’s market, NNA brings its clients unparalleled visibility, recognition and brand awareness. NetworkNewsWire (NNW) is where news, content and information converge. NetworkNewsWire (NNW) is a comprehensive provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW has the unparalleled ability to reach a wide audience of investors, consumers, journalists and the general public with an ever-growing distribution network of more than 5,000 key syndication outlets across the nation.
For more information, visit: www.NetworkNewsAudio.com
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets, (3) enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, please visit https://www.NetworkNewsWire.com.
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.
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$SNNVF Accomplishes Significant Milestone to Bring Branded Products to California Marketplace
- Permanent, annual state license for this facility to be applied for within the next 120 days
- Production capacity projected to reach over 100,000 kg of medical cannabis per year
- Californian facility will provide tenancy for other licensed cannabis cultivators
On April 12, 2018, Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) announced that its subsidiaries in the United States have received the necessary temporary licenses from the State of California to proceed with the construction of the company’s cultivation facilities in Cathedral City, California (http://nnw.fm/O2Tbt). Licenses are temporary while the state develops permanent regulations for its newly legalized cannabis industry. Sunniva will apply for an annual state license within the next 120 days, as per state regulations.
The company refers to its purpose-built, state-of-the-art greenhouse cultivation facility in Cathedral City as the Sunniva California Campus. The Californian licenses will allow Sunniva to grow and process top-quality medical and adult-use cannabis and cannabis products. The facility will also accommodate licensed tenant cultivators who will leverage the infrastructure and services provided by the Sunniva California Campus. This provides them access to world-class cultivation infrastructure as well as Sunniva’s management and operational expertise through the provision of turnkey services. These include Sunniva’s genetics, management and consulting services, processing and manufacturing capabilities, distribution network, brand partnerships and retail relationships.
“This is a very significant milestone for Sunniva’s operations in California,” Sunniva CEO Dr. Anthony Holler said following the announcement. “An important aspect of the licensing process has been completed and now our focus is on completing construction on time and entering into supply contracts with distribution partners, leading brands and creating Sunniva branded products for the California marketplace.”
Sunniva’s U.S. subsidiary, CP Logistics, LLC, holds licenses for eight 10,000-square foot cultivation facilities, as well as two manufacturing licenses, a 22,000-square foot cultivation license, a 22,000-square foot nursery license and another 10,000-square foot nursery license. In addition, the company will lease seven 22,000-square foot cultivation bays to selected licensed tenants.
Along with the announcement, the company also provided an update on the construction progress for the Sunniva California Campus. Rough grading, steel erection and greenhouse glass and glazing are 100 percent complete. The installation of blackout screening and fire suppression equipment is 60 percent complete. The construction of header house roof panels is 30 percent complete, while 10 percent progress has been made on the construction of utility work. The company anticipates onboarding of plant propagating materials late Q3 2018.
Highest quality at the lowest cost
With headquarters in Calgary, Alberta, Canada, Sunniva is a vertically integrated medical cannabis company currently operating in Canada and California, two of the world’s largest cannabis markets. The company will strive to become the lowest-cost, highest-quality cannabis producer in these markets with a commitment to deliver safe, high-quality products and services at scale. This will be achieved by building large-scale purpose-built greenhouses that conform to current Good Manufacturing Practices (cGMP). These facilities will offer top-notch quality assurance to deliver cannabis products free of pesticides, provide better doctor and patient access to cannabis education, and source better therapeutic delivery devices.
Sunniva operates through several wholly-owned subsidiaries:
- Sunniva Medical Inc.
This company’s ACMPR license application is in the final review stage. It is building a 700,000-square foot purpose-built and cGMP-compliant greenhouse facility in British Columbia. This is expected to produce more than 100,000 kg of premium medical cannabis per year, and over 25,000 kg of trim to be used for extraction.
Sunniva expects to break ground for the construction of this facility in early 2018. It will produce pesticide-free products and will convert trim to a range of extracted products such as cannabis oil. The oil will be used for drug formulations in delivery formats that include capsules, dissolvable strips, creams, tinctures and vaporization cartridges.
- CP Logistics, LLC
This is Sunniva’s U.S.-based subsidiary which has started construction of the Sunniva California Campus in Cathedral City, California. This facility has been cGMP designed and will be built in two phases. The first phase is designed to cover an area of 325,000 square feet to produce more than 60,000 kg of premium quality cannabis a year.
After the completion of phase 2, the facility is projected to produce over 100,000 kg of cannabis per year. It is estimated that 30 percent of all product will be used for the manufacture of higher margin extracted products, which will be produced free of the pesticides commonly used in cannabis cultivation today.
- Natural Health Services Ltd.
Natural Health Services (NHS) owns and operates a network of eight medical, ACMPR-licensed clinics in Canada which specialize in medical cannabis. The company provides patients with safe and effective medical cannabis products sources through Licensed Producers (LPs). Its clinics employ in-house physicians and nurse practitioners who specialize in the endocannabinoid system to provide patients with expert consultation, education and product recommendations.
NHS’s proprietary technology infrastructure helps LPs, physicians and patients comply with the rules of Health Canada for the supply and use of medical cannabis. The company currently has 93,000 patients and over 129,000 active medical documents outstanding.
- Full-Scale Distributors, LLC
Full-Scale Distributors (FSD) is a provider of custom, private-label vaporizers and accessories. FSD’s signature brand, Vapor Connoisseur, is recognized for its high quality and innovative vaporization devices. The company currently serves the needs of more than 80 brands that are active in the North American marketplace.
FSD’s vaporization products are tailored to specific client needs, while ensuring safety and reliability. The company will continue to provide these services and will be supplied by both of Sunniva’s production facilities in Canada and California.
Sunniva intends to offer its business partners the highest level of comprehensive white labeling services in the industry through a stringent quality assurance program to ensure pesticide-free production. Currently, the cannabis industry in North America is beset with significant problems around the use of pesticides and fungicides in cultivation that make cannabis products unsafe for consumption. It is estimated that over 90 percent of products made from cannabis flower and extracts in California are contaminated, and will most likely not pass new state testing protocols to be introduced in 2018.
The company will solve this problem by building cGMP-compliant greenhouse facilities free of pesticides and other contaminants. Its endeavor will be supported by an executive management team and board of directors that have a proven track record of creating significant shareholder value, both in the healthcare and biotech industries.
For more information, visit the company’s website at www.sunniva.com
More from NetworkNewsWire
- EVIO Inc. (EVIO) Taps into Canadian Cannabis Testing Market Ahead of Full Legalization
- ChineseInvestors.com, Inc. (CIIX) Enters Letter of Intent to Acquire XBTeller.com Assets
- Hammer Fiber Optics Holdings Corp. (HMMR) – Changing the Future of Wireless Technology
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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$CIIX Enters Letter of Intent to Acquire XBTeller.com Assets
- ChineseInvestors.com provides real-time, online financial information in the Chinese language
- It is also capitalizing on the increasing demand for cryptocurrency-related products
- The company has entered into a letter of intent to acquire the assets of XBTeller.com
ChineseInvestors.com, Inc. (OTCQB: CIIX) is a fintech company with a first-class financial information website for Chinese-speaking investors. The company provides online financial information in the Chinese language for the Chinese population in the U.S. and globally. Established in 1999, ChineseInvestors.com is headquartered in San Gabriel, California.
ChineseInvestors.com’s focus is on providing real-time market commentary, analysis and education-related services in Chinese language character sets, including both traditional and simplified. Additionally, the company offers associated public relations support services.
ChineseInvestors.com has entered into a letter of intent (LOI) to acquire the assets of XBTeller.com in an effort to further its goal of expanding its blockchain and cryptocurrency business to include a dedicated ATM/OTC operation. XBTeller.com is a foremost Colorado cryptocurrency ATM and Over-the-Counter operation.
Furthermore, ChineseInvestors.com is exploring investments into cryptocurrency mining. It is doing so with its recent purchase of ASIC (Application Specific Integrated Circuit) machines. These machines are used to run SHA-256 or Scrypt mining algorithms to earn cryptocurrencies, including bitcoin and Litecoin.
ChineseInvestors.com is positioning itself for growth by leveraging the many potential benefits of blockchain. Mobidea Academy notes, “Blockchain will become the default technology wherever there is a need to ensure the integrity of transactions or data” (http://cnw.fm/CcN81).
ChineseInvestors.com launched Bitcoin Millionaire in 2017. This is a daily cryptocurrency video newscast broadcast from the floor of the New York Stock Exchange covering all facets of the developing digital currency world. The company subsequently launched www.NewCoins168.com, its free cryptocurrency and blockchain website providing the latest news and investment education in the Chinese language.
Regarding the proposed acquisition of XBTeller.com assets, Paul Dickman, chief financial officer of Chineseinvestors.com, said, “The acquisition of XBTeller.com provides ChineseInvestors.com, Inc. the opportunity to expand its current cryptocurrency and blockchain business to include a retail facing service.”
The LOI considers a total investment by ChineseInvestors.com of roughly $2.5 million. At present, XBTeller.com has nine ATM locations throughout Colorado.
For more information, visit the company’s website at www.ChineseInvestors.com
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- EVIO Inc. (EVIO) Taps into Canadian Cannabis Testing Market Ahead of Full Legalization
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About CannabisNewsWire
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
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$HMMR NetworkNewsWire Publication on Innovative, Modern Telecommunications Solutions
NetworkNewsWire Editorial Coverage: Telecommunications companies are under threat (http://nnw.fm/BrM3f) from over-the-top (OTT) services that enable consumers to communicate over the internet via streaming content and apps such as Skype, WhatsApp and Viber. These services currently handle over 80 percent of messaging traffic, and more than a third of all global voice traffic is channeled through Skype. This astounding level of competition demands that telecommunications companies focus on modernizing their operations and creating strategies to develop new products or services if they hope to achieve sustainable growth. One of the companies at the forefront of innovative strategy implementation is Hammer Fiber Optics Holdings Corporation (HMMR) (HMMR Profile), a telecommunications company investing in the future of wireless technology and fiber optics. Other significant players in this industry include Verizon Communications Inc. (VZ), Amazon.com, Inc. (AMZN), Alphabet Inc. (GOOG) and Comcast Corporation (CMCSA).
Recent Restructuring
Hammer Fiber Optics (HMMR) is an internet service provider (ISP) offering internet, voice, video and data services in New Jersey, as well as carrier services in Philadelphia and New York. It serves both residential and commercial markets with high-capacity broadband, voice and video through direct fiber as well as its wireless fiber platform, Hammer Wireless® AIR technology.
The holdings of Hammer Fiber Optics include Hammer Fiber Optic Investments, Ltd., D/B/A Hammer Communications. This company formerly traded under the name of Hammer Fiber but was renamed, restructured and rebranded in April 2018.
Hammer Communications manages the company’s residential and SME services delivered by terrestrial fiber optics and its proprietary fixed wireless technology, as well as its VoIP services. The company also has two separate business units under its control: Hammer Fiber and Hammer Sphere. Hammer Fiber is responsible for the delivery and management of the company’s fiber optics services. Hammer Sphere manages the company’s rapidly growing platform for cloud services and hosting.
Following the restructuring announcement Hammer Communications CEO Mark Stogdill said, “We are excited about this evolution for Hammer. Hammer is quick to respond to the market’s needs and ensure the best quality of service for our customers. This move will help us to better communicate the services we offer and commit our resources where they can best serve the customer experience as we continue to grow and expand our service offerings (http://nnw.fm/8q5PJ).”
First Acquisition
In addition to restructuring, Hammer Communications announced yesterday that a letter of intent to acquire the stock of 1stPoint Communications, LLC, and its subsidiaries, including Open Data Centers, LLC, and Endstream Communications, LLC, has been executed by all parties (http://nnw.fm/7Ckxe). 1stPoint is a competitive local exchange carrier operating nationwide with intellectual property in services such as SMS/texting, collaboration tools and carrier switching. Endstream Communications offers wholesale voice services worldwide. Open Data Centers operates a carrier-neutral colocation facility in Piscataway, N.J., and will provide the brick-and-mortar capacity to further Hammer’s growth.
This the first acquisition for Hammer Communications. Adding these assets and related entities position Hammer Communications as a bona fide player in the cloud services arena. The assets, revenue, client base and strong management team at 1st Point position HMMR for significant growth moving forward.
Hammer’s Proprietary Fixed Wireless Technology
Finally, Hammer Communications recently completed the initial development phase of its advanced LTE fixed wireless system, designed and built using its proprietary wireless technology. In conjunction with technology partners in Europe, the company has been running both laboratory and field trials on the live network of a prominent LTE mobile operator for the past 12 months, and the results have surpassed all expectations. This expansion adds ultra-high capacity cellular broadband applications to the company’s product portfolio, which includes wholesale services including backhaul support for cellular network operators.
This latest innovation was designed to complement Hammer Communications’ core business of residential service. With the large amount of bandwidth the system can deliver, as well as the large number of users it can connect, the company expects this initiative to position it as a leader in future 5G technology. This new service will leverage the fixed LTE system in conjunction with Hammer’s Fixed Wireless DOCSIS 3.1 system, already in place, to deliver high-capacity broadband to markets across the Unites States at substantially lower costs than traditional wireline mechanisms, including fiber. The company will start live field testing of the new system in early 2018, with service availability anticipated later in the year.
Michael Cothill, Executive Chairman of Hammer Communications, noted that “5G is the inevitable next step in the evolution of telecommunications, and we are proud to be on the front lines of developing the technology to support the vision of things to come. We believe this system fits perfectly into our overall ecosystem, and pairing this platform with our existing DOCSIS platform is going to expand our reach, and extend our next generation fixed LTE initiative to included wholesale services to both the mainstream LTE operators and competitive carriers across the USA (http://nnw.fm/Yc0NX).”
Expanding Services into the Cloud
Hammer recently formed a new business unit, Hammer Sphere, under the Hammer Communications umbrella. This unit will have responsibility for the company’s expanded IaaS cloud services that will enable its clients to host their products via the company’s leading-edge server infrastructure, fiber network and data center.
Hammer Sphere will provide a robust and modern server infrastructure, fiber network architecture and data center that enable efficient hosting and fast delivery of clients’ products. Its range of services will enable client companies to eliminate the extensive costs associated with the establishment and maintenance of a corporate data center, while harvesting the benefits of cloud-based services.
All these initiatives indicate Hammer Communications’ commitment to deploying strategies to provide modern and cutting-edge telecommunications solutions that will enable it to grow and prosper. The company is ably supported in its endeavors by a seasoned leadership team with extensive experience and understanding of the telecommunications industry, including sales, marketing, engineering, construction and business development.
Other Companies in the Telecommunications Space
Verizon Communications Inc. (VZ) — With a market cap of almost $198 billion, Verizon is one of the largest telecommunications companies in the world. The company offers communications, information and entertainment products and services to consumers and businesses around the globe. Its wireless segment provides wireless, voice and data, internet access, multimedia, international travel and IoT network access services.
Verizon is gearing up to invest in 5G network capability following the Federal Communications Commission’s recent decision to remove regulatory roadblocks to the implementation of this technology. Along with Cisco and Juniper Networks, the company is using software-defined networking (SDN) technology to combine all its existing service edge routers for Ethernet and IP-based services into a single platform to improve network operational efficiency and increase functionality and flexibility.
Amazon.com, Inc. (AMZN) — Through its subsidiary, Amazon Web Services (AWS), the company provides on-demand cloud computing platforms to individuals, companies and governments on paid subscription basis. Its technology enables subscribers to access a fully-fledged virtual cluster of computers 24/7 through the internet via server farms throughout the world.
AWS offers over 90 services, including computing, data storage, networking, database, analytics, application services, deployment, mobile, developer tools and a platform for IoT. AWS was the standout performer of Amazon’s stable of subsidiaries in the last quarter of 2017. Amazon reported net sales of $51 billion, a massive increase of 42.9 percent over 2016, with net sales increasing by 39 percent over the previous quarter.
Alphabet Inc. (GOOG) — Alphabet is the newly formed holding company for Google and other subsidiaries. The Google segment of Alphabet’s business includes internet products such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search and YouTube. It offers digital content, enterprise cloud services, hardware products and other miscellaneous products and services.
Google is also launching a new investment program aimed at early-stage startups to provide financial resources, access to Google features and tools, and the Google Cloud Platform. In addition, the company will offer promotional support to young companies. This investment program will support startups using Google Assistant’s in the travel, hospitality and gaming industries.
Comcast Corporation (CMCSA) — Comcast is the largest cable company in the United States. Its cable communications segment offers video, high-speed internet, voice, security and automation services to both residential and business customers via its XFINITY brand. The company also provides business services that include Ethernet network and cellular backhaul services to mobile network operators. Comcast’s high-speed internet segment is growing rapidly, reaching $4.2 billion in the last quarter, representing an increase of 8.2 percent year-over-year.
On May 2, 2018, the company announced a multimillion dollar investment in the expansion of its fiber-based network in Arlington and Alexandria, providing access to an additional 350 businesses directly and benefiting hundreds more. Comcast is one of the fastest growing Ethernet providers in the United States and serves 20 of the top 25 markets.
These companies are all striving to improve their telecommunications offerings in an ongoing drive to provide high-quality products and services for their customers. Their efforts to provide the highest quality services will lead to company growth and stave off the competition from OTTs, which are often beset by poor connectivity and communication quality problems.
For more information on Hammer Fiber Optics Holdings Corporation, please visit Hammer Fiber Optics (HMMR).
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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$PBIO CEO Joins Everett Jolly on Uptick Newswire’s “Stock Day” Podcast
PHOENIX, May 10, 2018 — Richard T. Schumacher, President and CEO of Pressure Biosciences, Inc. (OTCQB:PBIO) (“PBI” and “the company”), joined Everett Jolly on the “Stock Day” podcast with exciting news about the first contract to be received that is based on their recent acquisition of intellectual property from BaroFold Inc.
On December 12, 2017, PBI purchased all of BaroFold Inc.’s assets, including Intellectual Property (IP). Representatives of BaroFold previously stated that the company spent more than $20 million in investment dollars into obtaining and expanding their IP estate.
“In our wildest dreams, we didn’t think we’d be securing such an important contract so soon after the acquisition. This is the first contract that is based primarily on utilizing the patented PreEMT platform acquired just a few months ago from BaroFold. We view this as both significant and exciting, and believe that additional contracts will soon be secured,” said Schumacher. In addition to this contract from an international biopharma company, two other protein-based bio-therapeutic companies have approached PBI over the past several weeks asking about potential collaborations with studies based on the recently acquired intellectual property.
Schumacher goes on to explain the intricacies of the company’s pressure-based products and services. Hundreds of labs around the globe utilize PBI’s pressure-based systems (pressure cycling technology, or PCT) to extract proteins from all types of cells, whether it be plant, animal, microbial, or human, and whether the cells are normal or cancerous. This process works similarly to a sponge, squeezing the cells until they break. Schumacher gives an analogy that their pressure system works like a sponge – it “gently and controllably” squeezes the proteins out of the cells, as compared to competitive methods that use mechanical means to beat up cells, strong acids to break cells, or other harsh methods. Schumacher believes that because PCT is so controllable (pressure can be instantly turned on and off, analogous to turning light on and off with a light switch), that the PCT platform offers researchers a method to generate higher quality proteins, as compared to other current methods), which is a critical advantage to the researcher.
The success of the PCT technology has been apparent in the company’s financial reports as well. The last 8 quarters have shown continuous sales growth over the same quarter of the previous year. As the pharmaceutical industry switches from chemical-based to biological and protein-based products, opportunities for PBI to expand their reach and continue to increase revenue will surely come to reality.
When asked about the company’s outlook and plans for 2018, Schumacher replied “We are very excited about the potential of 2018 – we see this year shaping up well.” The company recently established a solid sales team in the field (they achieved $2.24M in revenue in 2017 with mostly just one sales person in the field) and added additional key opinion leaders in proteins who have published and presented information about the advantages and benefits of PBI’s technology over the past year. In addition, the company has developed three new instruments that will be released within the year. These updates set the stage to continue the company’s trend of 4 consecutive years with increased revenue. “We expect to make it 5 years in a row… We’re very optimistic about 2018.”
“Stock Day” host and capital markets veteran Everett Jolly believes the stock is tremendously undervalued at its current price of $3.70 per share.
Richard T. Schumacher also spoke about the scientific aspects and importance of protein extraction, and talked about some new opportunities that he saw on the horizon. To hear this information and more, please click the following link to the full interview.
About Pressure BioSciences, Inc.
Pressure BioSciences, Inc. (OTCQB:PBIO) is a leader in the development and sale of innovative, broadly enabling, pressure-based solutions for the worldwide life sciences industry. Our products are based on the unique properties of both constant (i.e., static) and alternating (i.e., pressure cycling technology, or “PCT”) hydrostatic pressure. PCT is a patented enabling technology platform that uses alternating cycles of hydrostatic pressure between ambient and ultra-high levels to safely and reproducibly control bio-molecular interactions (e.g., cell lysis, biomolecule extraction). Our primary focus is in the development of PCT-based products for biomarker and target discovery, drug design and development, biotherapeutics characterization and quality control, soil & plant biology, forensics, and counter-bioterror applications. Additionally, major new market opportunities have emerged in the use of our pressure-based technologies in the following areas: (1) the use of our recently acquired PreEMT technology from BaroFold, Inc. to allow immediate entry into the biologics contract research services sector, and (2) the use of our recently-patented, scalable, high-efficiency, pressure-based Ultra Shear Technology (“UST”) platform to (i) create stable nano-emulsions of otherwise immiscible fluids (e.g., oils and water) and to (ii) prepare higher quality, homogenized, extended shelf-life or room temperature stable low-acid liquid foods that cannot be effectively preserved using existing non-thermal technologies.
Safe Harbor Statement
Statements contained in this press release regarding PBIO’s intentions, hopes, beliefs, expectations, or predictions of the future are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based upon the Company’s current expectations, forecasts, and assumptions that are subject to risks, uncertainties, and other factors that could cause actual outcomes and results to differ materially from those indicated by these forward-looking statements. These risks, uncertainties, and other factors include, but are not limited to, the risks and uncertainties discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016, and other reports filed by the Company from time to time with the SEC. The Company undertakes no obligation to update any of the information included in this release, except as otherwise required by law.
About Uptick Newswire and the “Stock Day” Podcast
Uptick Newswire is a private company reaching out to the masses keeping investors and shareholders up to date on company news and bringing transparency to the undervalued, undersold, micro-cap stocks of the market and is the sole producer of the Uptick Network “Stock Day” Podcast. The Uptick Network “Stock Day” Podcast is an extension of Uptick Newswire and has recently launched the Video Interview Studio located in Phoenix, Arizona.
Investors Hangout is a proud sponsor of Uptick Newswire’s “Stock Day” Podcast.
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For more information about PBIO and this press release, please click on the following website link:
http://www.pressurebiosciences.com
Investor Contacts:
Pressure BioSciences, Inc.
Richard T. Schumacher
President & CEO
Nathan P. Lawrence, Ph.D.
VP of Marketing and Sales
(508) 230-1828 (T)
$VSQTF Unlocking Unreal Potential as Virtual Reality Comes to Life
NetworkNewsWire Editorial Coverage: Ever since it was introduced five years ago, virtual reality (VR) technology has been underwhelming due to the lack of content and the exuberant costs of headsets like Oculus. But this year, the VR market could grow by 25 percent, according to the Consumer Technology Association, thanks to new products announced by Google and others in the tech world. VR enthusiasts are also predicting that Steven Spielberg’s newest film, which depicts a futuristic VR universe, could push the technology into mainstream. However, the biggest boost to VR technology potentially comes from the integration of blockchain technology. This is where blockchain companies could bring the true potential of VR into life. Companies at the forefront of this technology include Victory Square Technologies, Inc. (OTC: VSQTF) (CSE: VST) (VSQTF Profile), 360 Blockchain, Inc. (CSE: CODE), Hashchain Technology, Inc. (TSX-V: KASH), BTCS, Inc. (OTC: BTCS), and Marathon Patent Group, Inc. (NASDAQ: MARA).
At the recent Game Developers Conference in San Francisco, tech giants such as Facebook, Sony and Google all advocated for VR technologies. According to Forbes (http://nnw.fm/RyP8D), the biggest takeaway from this conference is that there was less talk about experimental VR and more about commercial VR, such as in advertising. Clearly, the VR market is on a trajectory into a new era. Based on reports from Business Insider, it is estimated that the VR market will grow from $2 billion to $27 billion between 2016 and 2022 (http://nnw.fm/Fc44G).
Recognizing that VR could finally become a mainstream consumer technology, Victory Square Technologies landed a arrangement last week to acquire 49% (percent) of Flo Digital Inc., a VR advertising experience platform with access to over 200 million monthly viewers across North America. Flo Digital’s VR network already spans several platforms, including HTC VIVE, Google Cardboard, Google Daydream, IOS, Android and Web VR. One of its latest VR projects was a collaboration with Chrysler Canada, which allowed users to virtually test drive the all-new Challenger.
Blockchain Unlocks Unreal Potential in Advertising
In the realm of advertising, the promise of VR-based marketing like the Chrysler campaign and its potential integration with blockchain — an area in which Victory Square Technologies (OTC: VSQTF) (CSE: VST) is already an expert in — have unreal potential. The company has already invested and incubated numerous businesses in the blockchain tech space, but it also has an existing VR project in the fast-growing VR gaming industry, so it’s no stranger to either technology. Victory Square chose Flo Digital, because it’s currently building out the first-ever blockchain-based VR advertising technology platform.
According to experts, a VR-blockchain combination could spark a digital advertising revolution by solving many common problems encountered in this space such as data transparency, ad fraud and misuse of money spent on advertisements. A possible solution is for platforms to record and measure people’s interaction with VR ads and make payments to content owners accordingly. The whole process could be done on blockchain’s secure, accurate and transparent curation of data, saving money for all involved.
Procter & Gamble made headlines last year for threatening to pull $2.4 billion in ad spending because of ongoing ad fraud and transparency issues, even calling out its partner Facebook.
P&G’s chief brand officer Marc Pritchard stated at the time: “There is, we believe, at least 20 percent to 30 percent of waste in the media supply chain because of lack of “viewability,” non-transparent contracts, non-transparent measurement of inputs, fraud, and now even your ads showing up in unsafe places.” The solution to this is a combination of VR (better user experience) and blockchain (transparency).
Google is already encouraging developers to work with a VR prototype to replace traditional advertising, and so have Apple and Microsoft. This presents a big opportunity for companies such as Victory Square Technologies (OTC: VSQTF) (CSE: VST) with strong footprints in both VR and blockchain to make a technological breakthrough with its potentially first-of-its-kind Flo Digital platform.
Commenting on its newest VR-blockchain acquisition, Shafin Diamond Tejani, Victory Square CEO, said: “Flo Digital has a proven track record of providing cutting-edge and immersive VR/AR experiences to leading brands that include Chrysler Canada, Warner Bros. and Rogers Wireless, to name a few. It is this calibre of customers and execution that makes the entire team at Victory Square eager to work with Flo Digital on their next stage of growth.
“This represents another investment in the VR/AR industry and further illustrates our thesis that blockchain technology will disrupt the existing landscape in ad tech and ultimately change the way brands will connect with their customers,” Tejani added.
Other Players in the Blockchain Space
360 Blockchain (CSE: CODE) is building an all-round blockchain ecosystem that includes cryptocurrencies, smart contracts and data management. In December, the company announced its intention to invest in Arcology, a platform that uses machine learning and pattern recognition technology to create hierarchical blockchain structures. Recently, 360 Blockchain completed its acquisition of a 60 percent stake in SV CryptoLab, a Silicon Valley-based crypto facility.
Hashchain Technology (TSX-V: KASH) is the first public cryptocurrency mining company to file a final prospectus in Canada supporting highly scalable and flexible mining operations across all major cryptocurrencies. Last month, the company completed the acquisition of NODE40 LLC, which comprises a team of experienced blockchain experts and software engineers.
BTCS (OTC: BTCS) is one of the first public companies in the United States to be involved with digital assets and blockchain technologies. The company plans to create a portfolio of digital assets including Bitcoin and other “protocol tokens.” It has an agreement in place to merge with Blockchain Global Ltd., an Australian blockchain company.
Marathon (NASDAQ: MARA) is focused on acquiring patents and patent rights from individual owners and Fortune 500 companies. The company monetizes its portfolio by entering licensing deals. Earlier this year, Marathon entered a purchase agreement to acquire four patents related to the transmission and exchange of cryptocurrencies between buyers and sellers.
Spielberg’s New Film Could Ignite a VR Tech Fever
Although VR technology is still at an infancy stage, it is also about to receive a big lift in the real world thanks to Steven Spielberg’s highly anticipated ”Ready Player One” — centered around a utopian VR future — hitting theatres on March 29. Like previous Hollywood releases that have produced remarkable marketing results (i.e., The Blues Brothers was credited for boosting sunglasses sales in the 1980s), this film will give the audience a grandiose visualization of the infinite possibilities created by VR technology, which transcend real-life experiences, potentially helping to ignite a VR fever that already seems to be gaining traction.
This signals an ideal time for companies to delve deeper into this tech space, much like Victory Square Technologies has just done with the Flo Digital acquisition. Now that Spielberg’s next big release is set to become a big marketing campaign for VR, the next step is to realize the technology’s true potential in advertising through the help of blockchain.
Imagine a platform that charges advertisers solely on the amount of time consumers were immersed in the VR content and rewards content producers accordingly, with all transactions safely recorded on blockchain. A VR-blockchain integration could finally eliminate the 20 to 30 percent waste resulting from inefficient advertising, and Victory Square Technologies could be the one to bring that kind of platform into life.
For more information on Victory Square Technologies Inc. (OTC:VSQTF) (CSE:VST), please visit StreetSignals.com for a free research report.
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$SHLD Teams Up With $AMZN To Make Tire Purchases And Installations Easier
All tires ordered on Amazon.com can now be installed at select Sears Auto Centers
HOFFMAN ESTATES, Ill., May 9, 2018 — Sears Auto Centers (NASDAQ: SHLD) announced today that it is working with Amazon.com to provide full-service tire installation and balancing for customers who purchase any brand of tires on Amazon.com. The service will be rolling out to customers across the U.S. over the coming weeks.
With this collaboration, Sears Auto will become the first nationwide auto service center to offer Amazon.com customers the convenient Ship-to-Store tire solution integrated into the Amazon.com checkout process, which is easy and convenient. Amazon customers simply select their tires, the Sears Auto location and their preferred date and time for the tire installation. Sears Auto Centers then contacts them to confirm their appointment.
In addition, this is the first time that DieHard all-season passenger tires will be sold on Amazon.com. But no matter what brand of tire is purchased on Amazon.com, Sears Auto Center’s 2,100 highly-skilled technicians will provide installation and conduct a free multi-point Performance Snapshot on the vehicle to ensure 100% customer satisfaction.
The new Ship-to-Store capability is initially available at 47 Sears Auto Centers in eight metropolitan areas: Atlanta, Chicago, Dallas, Los Angeles, Miami, New York, San Francisco and Washington, D.C. Following the initial launch, Sears Auto Centers will quickly expand this service to Amazon.com customers through our 400 plus Sears Auto Centers nationwide.
The collaboration stems from a growing relationship between Sears and Amazon.com, when Sears began selling Kenmore appliances on Amazon.com in July 2017. “Kenmore is now distributed nationally on Amazon with over 250 products and we are exceeding customer service level expectations,” said Tom Park, president of Kenmore, Craftsman and DieHard brands at Sears Holdings.
And in December, DieHard products such as jump starters and battery chargers were added to Amazon.com. DieHard Advanced Gold AGM automotive batteries were added in February 2018 and now DieHard all-season passenger tires can be purchased on Amazon.com.
“Amazon.com customers can expect terrific performance and reliability from DieHard tires and professional installation from Sears Auto Centers,” Park added. “We’re thrilled to expand our assortment of this iconic brand to include passenger tires on Amazon.com.”
Forward-Looking Statements
This press release contains forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Whenever used, words such as “will,” “expect,” and other terms of similar meaning are intended to identify such forward-looking statements. Forward-looking statements, including these, are based on the current beliefs and expectations of our management and are subject to significant risks, assumptions and uncertainties, many of which are beyond the Company’s control, that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Detailed descriptions of risks, uncertainties and factors relating to Sears Holdings are discussed in our most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. While we believe that our forecasts and assumptions are reasonable, we caution that actual results may differ materially. We intend the forward-looking statements to speak only as of the time made and do not undertake to update or revise them as more information becomes available, except as required by law.
About Sears Holdings Corporation
Sears Holdings Corporation (NASDAQ: SHLD) is a leading integrated retailer focused on seamlessly connecting the digital and physical shopping experiences to serve our members – wherever, whenever and however they want to shop. Sears Holdings is home to Shop Your Way®, a social shopping platform offering members rewards for shopping at Sears and Kmart as well as with other retail partners across categories important to them. The Company operates through its subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation, with full-line and specialty retail stores across the United States. For more information, visit www.searsholdings.com
About Sears Auto Center
Sears Auto Center is a leading provider of automotive maintenance and repair services and parts, with more than 400 locations nationwide offering a full array of passenger, performance and light truck tires, including Michelin, Goodyear, Hankook, Kumho and DieHard; DieHard® batteries, Craftsman® auto accessories and more. Sears has a long history as America’s trusted place for car care, having offered auto parts since 1905 and service since 1931. Sears Auto Center offers customers convenient locations and hours – open seven days a week, as well as an extensive menu of services. Sears Auto Center is a division of Sears, Roebuck and Co. For more information on Sears Auto Center please visit www.SearsAuto.com. Facebook: www.Facebook.com/SearsAuto | Twitter @SearsAuto.
About the DieHard brand
Introduced in 1967, Sears designed the original DieHard automotive battery to produce 35 percent more usable starting power than other similar batteries. Featuring a revolutionary tough, thin-walled case of translucent polypropylene plastic, which was 50 percent thinner than conventional black rubber-type battery enclosures, the design’s extra room meant bigger plates, more acid and extra starting power. During testing, not a single failure was reported in over 26,000 starts in temperatures ranging from sub-zero to more than 100 degrees, hence the name “DieHard.” See more DieHard history and compelling “Battery Torture” video at www.DieHard.com.
MEDIA CONTACTS:
Larry Costello
Sears/DieHard PR
(847) 286-9036
Larry.Costello@searshc.com
$VTVT Announces Company will Pre-specify New Subgroup with the FDA
Subgroup of Mild Alzheimer’s Patients in Part A of Phase 3 STEADFAST Study Demonstrated Positive Benefit
vTv Therapeutics Inc. (Nasdaq:VTVT) today announced that based on post-hoc analyses of the data from Part A of the Company’s Phase 3 STEADFAST study of the investigational medication azeliragon in people with mild Alzheimer’s disease, despite not meeting co-primary endpoints, identified a subpopulation that showed statistically significant benefit (unadjusted for multiple, post hoc comparisons) from azeliragon relative to placebo on ADAS-cog. The identified subpopulation consisted of participants with peak azeliragon blood plasma concentration of less than 7.5 ng/mL. Based on the subpopulation data analyses from the Part A study and the prior azeliragon trials, the company will submit a revised Statistical Analysis Plan (SAP) to the Food and Drug Administration for the Part B Study that pre-specifies a target population for the primary study analysis and expects to report Part B topline efficacy results based on 12 month data in June 2018.
The patients in the identified subgroup (n=~48) had a -1.9 point improvement in ADAS-cog relative to the placebo group (n=200) which was statistically significant (unadjusted for multiple, post hoc comparisons) (p = 0.02), and a 0.5 point improvement on CDR-sb relative to placebo (p = .06) despite the smaller sample size. This benefit was observed at 12 months. These findings are consistent with results from an earlier Phase 2b study of azeliragon, in which there was a dose response with improved results in patients who had lower concentrations of azeliragon. In contrast, participants in the Phase 2b and STEADFAST Part A study with high azeliragon concentrations performed worse on the ADAS-cog relative to placebo.
“We are encouraged by the positive improvements in cognitive and functional outcomes relative to placebo based upon low azeliragon concentration levels,” said Steve Holcombe, Chief Executive Officer, vTv Therapeutics. “With this understanding, we are continuing to analyze the data and then plan to examine the relevant population prospectively in the Part B study and announce results in June.”
Following the April 2018 announcement, the company discontinued clinical trials involving azeliragon, including the Part B study and open label extension. At the time of the closure of the Part B study, a substantial number of participants will have completed 12 months.
About vTv Therapeutics
vTv Therapeutics Inc. is a clinical-stage biopharmaceutical company engaged in the discovery and development of orally administered small molecule drug candidates to fill significant unmet medical needs. vTv has a pipeline of clinical drug candidates led by programs for the treatment of Alzheimer’s disease and diabetes as well as treatment of inflammatory disorders.
About STEADFAST
The STEADFAST study, two independent and identical randomized, double-blind, placebo-controlled Phase 3 trials (Part A and Part B), was designed to investigate the safety and efficacy of azeliragon as a potential treatment for patients with mild Alzheimer’s disease. The 18-month study targeted enrollment of 800 patients (400 in each trial). The first trial enrolled patients in the United States and Canada who had a clinical diagnosis of mild Alzheimer’s disease and an MRI consistent with this diagnosis. Enrollment of the second trial included study sites in the United Kingdom, Ireland, Australia, New Zealand and South Africa. Clinical trials involving azeliragon, including the Part B Study and the open-label extension study have been terminated based on the topline results from the Part A Study showing the trial failed to meet either of the co-primary endpoints. Topline efficacy results from the Part B Study will be announced in June of 2018.
Forward-Looking Statements
This release contains forward-looking statements, which involve risks and uncertainties. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and, in each case, their negative or other various or comparable terminology. All statements other than statements of historical facts contained in this release, including statements regarding the timing of our clinical trials, our strategy, future operations, future financial position, future revenue, projected costs, prospects, plans, objectives of management and expected market growth are forward-looking statements. These statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Important factors that could cause our results to vary from expectations include those described under the heading “Risk Factors” in our Annual Report on Form 10-K and our other filings with the SEC. These forward-looking statements reflect our views with respect to future events as of the date of this release and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this release and, except as required by law, we undertake no obligation to update or review publicly any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this release. We anticipate that subsequent events and developments will cause our views to change. Our forward-looking statements do not reflect the potential impact of any future acquisitions, merger, dispositions, joint ventures or investments we may undertake. We qualify all of our forward-looking statements by these cautionary statements.
vTv Therapeutics Inc.
Investors:
Mike Biega, 617-221-9660
IR@vtvtherapeutics.com
or
Media:
Josh Vlasto, 212-572-5969
PR@vtvtherapeutics.com
$STLHF Signs MoU with Global Specialty Chemical Company LANXESS
VANCOUVER, British Columbia, May 09, 2018 — Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLL) (OTCQX:STLHF) (FRA:S5L) is pleased to announce the signing of a Memorandum of Understanding (MoU) with global specialty chemicals company LANXESS Corporation (“LANXESS”) and its US affiliate Great Lakes Chemical Corporation (“GLCC”), with the purpose of testing and proving the commercial viability of extraction of lithium from brine (“tail brine”) that is produced as part of Lanxess’s bromine extraction business at its three Southern Arkansas facilities.
LANXESS’ land operations in Southern Arkansas encompass more than 150,000 acres, 10,000 brine leases and surface agreements and 250 miles of pipelines. LANXESS extracts the brine from their wells located throughout the area, and the brine is transported to the three Arkansas plants through a network of pipelines. The three bromine extraction plants currently employ approximately 500 people and process and reinject several hundred thousand barrels of brine per day.
Standard Lithium has developed proprietary processes related to the extraction of high purity lithium directly from brines, including tail brine. Additionally, the Company has secured the rights to conduct exploration, production and lithium extraction activities on roughly 30,000 acres of brine leases located elsewhere in the Smackover Formation in Southwest Arkansas.
The MoU sets out the basis on which the parties have agreed to cooperate in a phased process towards developing commercial opportunities related to the production, marketing and sale of battery grade lithium products extracted from tail brine and brine produced from the Smackover Formation. The MoU forms the basis of what will become a definitive agreement and is binding until the execution of a more comprehensive agreement that the parties may execute on the completion of further development phases. Standard Lithium has paid an initial US$3,000,000 reservation fee to LANXESS to secure access to the tail brine, with additional fees and obligations in the future subject to certain conditions.
Robert Mintak CEO of Standard Lithium commented “We are delighted to be entering into a cooperation with Lanxess, a highly-respected world leader in the specialty chemical sector.” Mr. Mintak added, “given the scale of the existing infrastructure and potential resource, the mitigation of project execution risks and acceleration of the Smackover project development timeline, this MoU represents an important step for Standard Lithium.”
Dr. Andy Robinson, President and COO of the Company stated “This project provides the perfect opportunity to test modern brine processing technology on an existing lithium brine stream. We hope to move as quickly as possible towards deploying our Pilot Plant.”
About Standard Lithium
Standard’s value creation strategy encompasses acquiring a diverse and highly prospective portfolio of large-scale domestic brine resources, led by an innovative and results-oriented management team with a strong focus on technical skills and modern brine processing technologies. The Company is currently engaged in the exploration and resource development of the California Lithium Projects located in the Mojave region of San Bernardino County, California; the project area has significant infrastructure in-place, with easy road and rail access, abundant electricity and water sources, and is already permitted for extensive brine extraction and processing activities. The Company is also rapidly conducting resource evaluation on up to 30,000 acres of brine leases located in the Smackover Formation in Southwestern Arkansas.
Standard Lithium is listed on the TSX Venture Exchange under the trading symbol “SLL”; quoted on the OTCQX under the symbol “STLHF”; and on the Frankfurt Stock Exchange under the symbol “S5L”. Please visit the Company’s website at www.standardlithium.com.
For further information, contact Anthony Alvaro at (604) 240 4793
On behalf of the Board,
Standard Lithium Ltd.
Robert Mintak, CEO & Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate,” “believe,” “estimate,” “expect,” “target,” “plan,” “forecast,” “may,” “schedule,” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, the development of lithium extraction technologies and processes, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations. Neither the Company, nor Lanxess, nor GLCC makes any representations as to the value of brine mineral lease rights which are the subject of the MOU, the availability of any particular resource or minerals, or the merits of any proposed work to be undertaken.
$SNNVF Selects and Breaks Ground on Okanagan Falls Site for Canadian Cannabis Facility
May 9, 2018
- 126-acre property purchased for $7 million for construction of Sunniva’s Canadian facility
- Grading work has started on the site, and development applications have been submitted
- Sunniva is one of the largest cannabis producers operating in Canada and California
- Sunniva California Campus in Cathedral City expected to be operational in late Q3 2018
On May 3, 2018, Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) announced that it had selected a 126-acre site in Okanagan Falls, British Columbia, for the construction of its Sunniva Canada Campus and had broken ground. The industrial zoned property was acquired by the company’s wholly owned subsidiary, Sunniva Medical Inc., for a purchase price of $7 million (http://cnw.fm/9gDdn).
Sunniva had considered several options in its site selection process, including leasing land from the Osoyoos Indian Band in Senkulmen Business Park in Oliver, British Columbia. Ultimately, after consideration of a number of factors, the company decided that the Okanagan Falls site provides superior benefits and flexibility. In addition to allowing Sunniva to purchase and own the land, the site offers potential for future expansion.
Sunniva has completed its preliminary due diligence review of the property, but acquisition remains conditional on finalization of certain final due diligence items and other closing conditions. Closing of the deal is expected to be finalized around June 15, 2018. However, per the terms of the agreement, the company has commenced grading work on the property and submitted its development applications in advance of the closing date.
Sunniva also announced its selection of vendors for the construction of the facility, including:
- Certhon Projects B.V., as supplier of greenhouse superstructure and associated infrastructure, including electrical, irrigation, lighting, heating, cooling and CO2 systems;
- EllisDon Corporation, as construction manager and general contractor;
- MQN Architects, as architect consultants; and
- Urban Systems Ltd., as civil and landscaping engineers.
Sunniva is a vertically integrated medical cannabis company that operates in the two largest cannabis markets in the world, Canada and California. In April 2018, the company received temporary state licenses for its Sunniva California Campus in Cathedral City, California, which is expected to be operational in late Q3 2018. These licenses will also enable the company to grow and process high-quality cannabis products for medical and recreational uses. Sunniva will apply for a permanent annual state license for cannabis cultivation within the coming months after the state of California has fully developed regulations for its newly legalized cannabis industry.
In an interview with Best of Cannabis in January 2018 (http://cnw.fm/58AwP), Leith Pedersen, president and co-founder of Sunniva, stated, “At Sunniva, we’re taking a unique approach. For starters, we’re entering the California market first. We have started construction of a state-of-the-art, 500,000-square-foot greenhouse facility in Cathedral City, CA, that will not only be automated and pesticide-free, but reduce the energy and water requirements of commercial-scale marijuana growing by up to 90 percent.” He also stated that the company is focused on two streams – ensuring safe, pesticide-free and consistent medical cannabis products, and improved doctor and patient access to cannabis education.
Sunniva owns Natural Health Services (NHS), Canada’s largest referral network of medical cannabis patients to licensed Canadian producers. NHS also operated seven clinics, serving over 95,000 active patients throughout Western Canada and Ontario. As one of the largest operators in the medical cannabis space in Canada, Sunniva has significant experience in providing patient care in real clinical settings.
Pedersen went on to say, “The medical cannabis market in California is a complex ecosystem. Anyone interested in doing business there not only needs to understand pre-existing stakeholder relationships, but they must invest their time in building trusted public and private sector relationships. We are constructing one of the largest purpose built production facilities in the state. We have taken our time during development to ensure everyone – from community members to state legislators – fully understands our intentions. It has been an intelligent and measured approach. This is how we have been successful.”
For more information, visit the company’s website at www.sunniva.com
More from CannabisNewsWire
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$NETE Aptito Showcase at Restaurant Association Show 2018
Aptito introduces comprehensive point-of-sale solutions for restaurants
MIAMI FL. , May 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, today announces that Aptito point-of-sale solution for restaurants is being showcased at the Restaurant Association Show 2018 on May 19-22, 2018, at the McCormick Place in Chicago.
The National Restaurant Association Show (NRA Show) is the platform to discover, learn, connect, inspire and gain the tools needed to innovate and thrive in the international food marketplace. A unique, forward-thinking experience for restaurant leaders, focused on tools and resources to deliver actionable strategies for exponential growth, while providing takeaways that are critical to business success.
Aptito’s presentation at the NRA show will showcase its robust restaurant solutions with an emphasis on self-order kiosks and smart payment terminals. During the event Aptito will be holding a contest for an Apple® iPad POS with a lifetime license for the 1st place winner and 1 year complimentary licenses for the next 10 winners.
Aptito’s unique and affordable self-order iPad Kiosks save time by creating multiple checkout points. The Kiosk option can potentially save restaurants thousands of dollars per month. Any orders placed on the iPad Kiosks can be routed and tracked through Aptito’s signature iPad POS system or can be sent directly to the kitchen.
IPAD KIOSK BENEFITS:
- Increase Sales – Eye-catching displays of your menu are likely to attract more foot traffic and facilitate more orders
- Fewer mistakes & reduced strain on your staff during busy peak hours
- Easy-to-use digital iPad menu software can be setup quickly and updated in real-time to change items and prices
- Allows guests to choose between traditional and high-tech touch screen ordering
- Greater efficiency – Customers can tender payment directly using the kiosk’s iPad POS software
SMART PAYMENT TERMINALS + APTITO BENEFITS:
- Table-to-kitchen orders
- Accept payments at the table with EMV device certified with all major Payment Processors
- Analytics and business reports powered by Aptito
- Complete integration with iPad based products: POS, Kiosk, Menu, mPOS
- Built in printer, EMV certified device and barcode scanner
“Aptito restaurant solution makes restaurants stand out from the competition with interactive menus and seamless integration with the back-office,” Andrey Krotov, CTO of Net Element, said. “Stop by Aptito’s booth No. 8430 at the NRA Show to discover, learn and join the Aptito revolution!”
About Aptito
Aptito’s Point-of-Sale (POS) solution has become an industry leader thanks to our diverse bar & restaurant management tools, easy to use digital menu software and system mobility. Aptito’s mobile Point-of-Sale (mPOS) solution is cloud-based, offering its owners remote access so they can always feel the pulse of their operation, regardless of physical location. Further information is available at www.aptito.com.
About Net Element
Net Element, Inc. (NASDAQ: NETE) operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the U.S. and selected emerging markets. In the U.S. it aims to grow transactional revenue by innovating SME productivity services using blockchain technology solutions and Aptito, 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, Net Element was 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 to whether Aptito’s self-order iPad Kiosks will yield any benefits to the Company. Additional examples of such risks and uncertainties include, but are not limited to: (i) Net Element’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Net Element’s ability to maintain existing, and secure additional, contracts with users of its payment processing services; (iii) Net Element’s ability to successfully expand in existing markets and enter new markets; (iv) Net Element’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Net Element’s business; (viii) changes in government licensing and regulation that may adversely affect Net Element’s business; (ix) the risk that changes in consumer behavior could adversely affect Net Element’s business; (x) Net Element’s ability to protect its intellectual property; (xi) local, industry and general business and economic conditions; (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. Media@NetElement.com +1 (786) 923-0502
$HMMR Subsidiary Changes DBA Name and Launches New Branding
May 9, 2018
- New DBA, Hammer Communications, will offer high-capacity wireless broadband and fiber optic technologies to residential and SME customers
- Cloud-based IaaS service will support cryptocurrencies and blockchain technologies
- Worldwide fiber optics market forecast to grow from $3.2 billion in 2017 to $5 billion in 2022
On April 17, 2018, telecommunications company Hammer Fiber Optic Holdings Corp. (OTCQB: HMMR) announced that its wholly owned subsidiary, Hammer Fiber Optic Investments Ltd., was changing its DBA name from Hammer Fiber to Hammer Communications (http://nnw.fm/vZeq0). The change is accompanied by new branding, restructuring of the company’s internal organization and a new website, www.HammerComm.com.
In the restructure of Hammer Fiber Optic Investments, Hammer Fiber will remain as a business unit of Hammer Communications. It will offer and manage carrier and wholesale services across Hammer Communications’ network covering New York, New Jersey and Pennsylvania, as well as providing services to businesses within these states. The global fiber optics market is projected to grow at a CAGR of 9.4 percent, from $3.2 billion in 2017 to $5 billion in 2022 (http://nnw.fm/Uo92j).
Hammer Communications will take over control of the company’s residential and SME offerings delivered by both terrestrial fiber optics and its proprietary fixed wireless technology. The company will also manage its VOIP services. Another business unit being developed to operate under the Hammer Communications umbrella is Hammer Sphere. This division will have responsibility for the company’s rapidly growing hosting and cloud services platform.
In a news release, Mark Stogdill, CEO of Hammer Communications, stated, “We are excited about this evolution for Hammer. Hammer is quick to respond to the market’s needs and ensure the best quality of service for our customers. This move will help us to better communicate the services we offer and commit our resources where they can best serve the customer experience as we continue to grow and expand our service offerings.”
Hammer Communications is an internet service provider (ISP) offering internet, video, voice and data services in New Jersey, and carrier services in New York and Philadelphia. It provides high capacity broadband, voice and video services to the residential and small business markets through direct fiber, as well as its wireless fiber platform, Hammer Wireless® AIR technology.
The company deployed its proprietary wireless technology to design and build an advanced LTE fixed wireless system, which has recently completed its initial development phase. This innovation will enable Hammer Communications to add ultra-high capacity cellular broadband applications to its product portfolio, and position the company as a leader in future 5G telecommunications technology.
Hammer Communications also intends to leverage its Fixed LTE system, along with its currently deployed Fixed Wireless DOCSIS 3.1 system, to deliver high-capacity broadband to markets nationwide at substantially lower cost than traditional wireline methods, including fiber. The company expects live field-testing of this system to begin in early 2018, with service availability anticipated in 2019.
The newly formed Hammer Sphere business unit will have responsibility for Hammer Communications’ expanded IaaS cloud services that support blockchain technology and the cryptocurrency industry. This platform will allow clients to host their products via the company’s cutting-edge server infrastructure, fiber network and data center. This service will also enable companies to eliminate the huge costs associated with establishing and maintaining a corporate data center, while reaping the benefits of cloud-based services.
For more information, visit the company’s website at www.HammerCorp.info
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$GNPX Selects Accenture To Support Acceleration Of Oncoprex Clinical Program
AUSTIN, Texas and CAMBRIDGE, Mass., May 8, 2018 — Genprex, Inc. (NASDAQ: GNPX), a clinical stage gene therapy company developing a new approach to treating cancer based upon a novel proprietary technology platform, has selected Accenture to provide clinical data management services to help accelerate the clinical development of Genprex’s lead drug candidate, Oncoprex™, for the treatment of non-small cell lung cancer (NSCLC).
“Data traceability is critically important when interacting with the FDA,” said Julien Pham, MD, MPH, President and COO of Genprex. “Rigorous data management is essential, not just in late-stage trials, but throughout the clinical development process.”
Under the agreement, Accenture, a leading global professional services company, is supporting Genprex with clinical data management and submission-compliant CDISC deliverable activities for the Phase I/II clinical trial combining Genprex’s Oncoprex and the EGFR-inhibitor erlotinib (Tarceva®) in stage IV lung cancer. Accenture’s Clinical Data Management team has executed thousands of clinical trials in a variety of therapeutic areas, supported by experienced industry professionals who understand the importance of a standards-fueled, data-centric approach across each phase of drug development. Clinical data services are a core offering in Accenture’s R&D services business, and the company places a strong emphasis on providing high quality data management using a variety of electronic data capture systems.
“Accenture looks forward to supporting Genprex with the second phase of their Phase I/II clinical trial,” said Thomas Lehmann, managing director, Accenture Accelerated R&D Services. “Our team is committed to bringing our Clinical Data Management services to innovative organizations like Genprex, which are focused on the development of cutting-edge, impactful therapies that promise to improve patient lives.”
About Genprex, Inc.
Genprex, Inc. is a clinical stage gene therapy company developing a new approach to treating cancer, based upon a novel proprietary technology platform, including Genprex’s initial product candidate, Oncoprex™ immunogene therapy for non-small cell lung cancer (NSCLC). Genprex’s platform technologies are designed to administer cancer fighting genes by encapsulating them into nanoscale hollow spheres called nanovesicles, which are then administered intravenously and taken up by tumor cells where they express proteins that are missing or found in low quantities. Oncoprex has a multimodal mechanism of action whereby it interrupts cell signaling pathways that cause replication and proliferation of cancer cells, re-establishes pathways for apoptosis, or programmed cell death, in cancer cells, and modulates the immune response against cancer cells. Oncoprex has also been shown to block mechanisms that create drug resistance. Visit the company’s web site at www.genprex.com or follow Genprex on Twitter at https://twitter.com/genprex and Facebook at https://www.facebook.com/genprexinc/.
Forward-Looking Statements
Statements contained in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Such statements include, but are not limited to, statements regarding the services we expect to receive from Accenture and the effect of those services on the development of Oncoprex. Risks that contribute to the uncertain nature of the forward-looking statements include Accenture’s ability to provide services to us and our ability to utilize Accenture’s services, the ability of Accenture’s services to influence the development of Oncoprex, as well as the timing and success of our clinical trials and planned clinical trials of Oncoprex and our other potential product candidates and the timing and success of obtaining FDA approval of Oncoprex and our other potential product candidates. These and other risks and uncertainties are described more fully under the caption “Risk Factors” and elsewhere in our filings and reports with the United States Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made. We undertake no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.
Contact:
Media:James Heins
ICR Healthcare 203-682-8251 |
Investors:Stephanie Carrington
ICR Healthcare 646-277-1282 |
$SEII Enters into a License Agreement with Ecrent Capital Holdings
HONG KONG, May 8, 2018 — Sharing Economy International, Inc. (“SEII” or “the Company”) (NASDAQ: SEII) today announced that its wholly-owned subsidiary, Sharing Economy Investment Limited, has entered into a License Agreement with Ecrent Capital Holdings Limited (“ECRENT”), regarding the grant of an exclusive and sublicensable license from ECRENT to SEII to utilize certain software and trademarks in order to develop, launch, operate, commercialize, and maintain an online website platform in Taiwan, Thailand, India, Indonesia, Singapore, Malaysia, the Philippines, Vietnam, Cambodia, Japan, and Korea. In return, SEII shall issue to ECRENT 530,000 shares of common stock. ECRENT will guarantee that the operation of its related websites, mobile applications and business services will contribute revenue of US$15,000,000 and gross profit of US$2,910,000 from the closing date until December 31, 2019.
“I believe this is the perfect way to start working with ECRENT in pursuit of our common goal of proliferating the sharing economy business,” said Parkson Yip, Vice President of SEII. “We are very happy to have structured this ‘win-win’ cooperative agreement, which enables both of us to utilize the counterparties’ competitive advantages to further develop our own business. Being a leading global rental classified ad platform, ECRENT is becoming the central repository for rental and service opportunities in the global market. ECRENT represents a true sharing model, where people can share and rent items from each other via a peer-to-peer network. ECRENT will play a crucial role in our online strategies to create effective matchups between supply and demand within the SEII sharing economy ecosystem. On one hand, we expect ECRENT will become a revenue driver for SEII; on the other hand, ECRENT will be able to leverage on the technology and marketing expertise, as well as the human resources, of SEII to explore its fruitful overseas markets. We strongly believe that the business operations will create enormous value to our shareholders.”
About Sharing Economy International Inc.
Sharing Economy International Inc., through its affiliated companies, designs, manufactures and distributes a line of proprietary high and low temperature dyeing and finishing machinery to the textile industry. The Company’s latest business initiatives are focused on targeting the technology and global sharing economy markets, by developing online platforms and rental business partnerships that will drive the global development of sharing through economical rental business models. Moreover, the Company will actively pursue blockchain technology in its existing and to-be-acquired business, enabling the general public to realize the beauty of resource sharing. For more information visit www.seii.com
About Ecrent Capital Holdings Limited
ECRENT is one of the largest and most extensive online global sharing platforms which encourages people to share through renting to protect our environment. A number of categories of products and services on wedding, properties, venues, transport, household, tools, equipment, leisure, fashion, accessories, professional services, arts, and public services, can be rented through its platform. For more information visit www.ecrent.com
Safe Harbor Statement
This release contains certain “forward-looking statements” relating to the business of the Company and its subsidiary and affiliated companies and certain potential transactions that they may enter into. These forward looking statements are often identified by the use of forward looking terminology such as “believes,” “expects” or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website, including factors described in “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Form 10-K for the year ended December 31, 2017. All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.
$AMDA Provides Update on its Clinical Studies
SALT LAKE CITY, May 08, 2018 — Amedica Corporation (NASDAQ: AMDA), an innovative biomaterial company that develops and commercializes silicon nitride for biomedical applications, today provided an update on its clinical study activities.
Single Center Retrospective Comparative Study
A clinical study comparing silicon nitride spinal implants to allograft spacers in cervical fusion showed faster and more effective outcomes with silicon nitride. “While silicon nitride might have been expected to perform better in light of its properties, the surprising finding in our study was how good the outcomes with silicon nitride proved to be. Significantly earlier and more effective bone fusion was observed with silicon nitride than allograft spacers at 3- 6-, and 12-month time points after surgery, all the way to 24 months” said Dr. Micah Smith, orthopaedic surgeon in Fort Wayne, Indiana, who is the principal investigator. Study findings have been submitted to for release at the December 2018 Cervical Spine Research Society meeting.
Multi-Center Retrospective Study
Amedica reported completion of an exhaustive retrospective survey of over 2,000 silicon nitride spinal implants implanted in more than 1,000 patients over the last eight years. The study was designed to understand clinical outcomes from silicon nitride implants in spine fusion from four different clinics in the US. “Preliminary data analysis toward publication of this study is very encouraging in this large cohort of patients derived from our long-term surgeon users. Not only are the data consistent with our other clinical studies, but the outcomes corroborate our basic science understanding of the surface chemistry of the material, the key strength of silicon nitride,” said Dr. Sonny Bal, President of Amedica.
Silicon Nitride Against PEEK (SNAP)
SNAP, a 24-month double-blinded multicenter randomized controlled human trial for lumbar fusion comparing intervertebral cages from either silicon nitride or polyetheretherketone (PEEK), has been completed. The purpose of the study was to show that fusion using silicon nitride cages was at least non-inferior to PEEK devices. Preliminary data at 3, 6, and 12-months on the Roland Morris Disability Questionnaire and VAS back and leg pain scores, as well as quantitative radiographic data at 24 months appear to confirm the study’s hypothesis of silicon nitride’s non-inferiority. Additional detailed analyses are currently being conducted in anticipation of publishing the overall results in a prominent scientific journal later this year.
Goat Study
An interbody fusion study using a goat model comparing silicon nitride to PEEK was just accepted for publication in the Journal of Biomedical Materials Research, Part B – Applied Biomaterials. The results of the study showed improved fusion and greater bone volume using silicon nitride implants versus PEEK at the study’s six-month end-point. These results also suggest that silicon nitride is not inferior to PEEK and that silicon nitride implants may be more effective in promoting arthrodesis.
About Amedica Corporation
Amedica is focused on the development and application of medical-grade silicon nitride ceramics. Amedica markets spinal fusion products and is developing a new generation of wear- and corrosion-resistant implant components for hip and knee arthroplasty. The Company manufactures its products in its ISO 13485 certified manufacturing facility. Amedica’s spine products are FDA-cleared, CE-marked, and are currently marketed in the U.S. and select markets in Europe and South America through its distributor network and its OEM partnerships.
For more information on Amedica or its silicon nitride material platform, please visit www.amedica.com.
Forward-Looking Statements
This press release contains statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties. For example, silicon nitride and our products may not have the impact we expect, the outcomes of our ongoing studies may not be positive, and the results of our studies may not come in the anticipated timeframes. Other factors that could cause actual results to differ materially from those contemplated within this press release can also be found in Amedica’s Risk Factors disclosure in its Annual Report on Form 10-K, filed with the Securities and Exchange Commission (SEC) on March 29, 2018, and in Amedica’s other filings with the SEC. Forward-looking statements contained in this press release speak only as of the date of this press release. We undertake no obligation to update any forward-looking statements as a result of new information, events or circumstances or other factors arising or coming to our attention after the date hereof.
Contact:
Amedica IR
801-839-3502
IR@amedica.com
$HMMR to Acquire 1stPoint Communications and Its Subsidiaries
POINT PLEASANT BEACH, N.J., May 08, 2018 — via NetworkWire – Hammer Fiber Optics Holdings Corp (OTCQB:HMMR), d/b/a Hammer Communications, announced today that a letter of intent to acquire the stock of 1stPoint Communications, LLC and its subsidiaries, including Open Data Centers, LLC and Endstream Communications, LLC, has been executed by all parties. 1stPoint is a competitive local exchange carrier operating nationwide with intellectual property in services such as SMS/texting, collaboration tools and carrier switching. Endstream Communications offers wholesale voice services worldwide. Open Data Centers operates a carrier-neutral colocation facility in Piscataway, N.J., and will provide the brick-and-mortar capacity to further Hammer’s growth.
“The acquisition is an ideal combination of intellectual property, creates a very strong management team and offers operational synergies for Hammer,” said Erik Levitt, CEO of 1stPoint Communications. “Hammer will not only have the benefit of the exclusive rights to the patented AIR wireless technology but also to 1stPoint’s switching technology, its underlying CLECs and its Commercial Mobile Radio Services operator.”
Hammer Communications operates a fixed wireless network over its own proprietary wireless technology that utilizes DOCSIS 3.0 & DOCSIS 3.1 protocols. Through its access network, Hammer offers Internet, television and voice services to residential customers as well as to small and medium businesses in Atlantic County, N.J. Hammer also offers carrier class services through its fiber-optic network in New York, New Jersey and Pennsylvania. Recently, Hammer Communications has also unveiled its cloud hosting and infrastructure as a service platform offering hosting, cloud and colocation services. As part of the acquisition, the Open Data Centers facility in Piscataway will allow Hammer to expand and grow these offerings.
“We are proud of how far we have been able to take Hammer in the past few quarters,” said Mark Stogdill, founder of Hammer Fiber. “We look forward to how much further these acquisitions will move us in our plans. With the acquisition of 1stPoint’s CLECs and Commercial Mobile Radio Services, we will be able to grow the wireless residential access platform and look toward a national network. In addition, the Open Data Centers facility in Piscataway, along with its server and switching platforms, is a significant addition to our core infrastructure to support major growth in the cloud and hosting markets.”
The details of the transactions and closing dates have not been publicly disclosed.
About Hammer Fiber
Hammer Fiber Optic Holdings Corp. (OTCQB:HMMR) is a telecommunications company investing in the future of wireless technology whose holdings include Hammer Fiber Optic Investments, Ltd. D/B/A Hammer Communications, a New Jersey-based Internet Service Provider (ISP) that offers internet, voice, video and data services in New Jersey, as well as carrier services in Philadelphia and New York. Hammer Fiber serves residential and small business markets with high capacity broadband, voice and video through both direct fiber as well as its wireless fiber platform, Hammer Wireless® AIR technology. For more information visit http://www.hammercomm.com or contact Frank Pena at fpena@hammerfiber.com.
About 1stPoint Communications
1stPoint Communications provides integrated messaging, voice, data and mobile services for small businesses, enterprises and carriers. 1stPoint is committed to delivering all of the services businesses need to interact with their customers, employees and suppliers, providing its clients with A New Way to Work.
About Endstream Communications
Endstream is a wholesale voice operator, providing voice termination, toll origination and toll free origination services to other carrier clients.
About Open Data Centers
Open Data Centers is a carrier neutral colocation facility in Piscataway, NJ. It provides services to 1stPoint Communications, Core Technology Services, Endstream Communications and is a utility data center for over 20 other clients. It is a 2N+1 design with an array of nine fiber providers and 26 resident carriers make it an ideal platform for HMMRs activities.
Forward Looking Statements
This press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.
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$BLNK Whole Foods Market Providing Blink Charging #EV Chargers
Whole Foods Market to Join Blink’s Nationwide Charging Station Network
Hollywood, Florida, May 07, 2018 — Leading electric vehicle (EV) charging station owner, operator, and provider Blink Charging Co. (NASDAQ: BLNK, BLNKW) (“Blink Charging” or the “Company”), announced today that it has deployed charging stations at three Whole Foods Markets and are integrated into the development of more stores when they open. The charging stations are an important ingredient to Whole Foods’ continued commitment to sustainability and customer service.
Like all of Blink’s charging stations, the deployed Whole Foods Market units will connect to the Blink Network, a cloud-based system that operates, manages, and tracks the Blink EV charging stations. Any Whole Foods shopper with an electric vehicle will be able to use the charging stations and locate them with use of Blink’s free app.
“Whole Foods Market has always been on the frontlines of innovation in sustainability, and so we are eager to be working with them on their new locations,” said Blink Charging’s CEO Mike Calise. “Whole Foods knows that providing Blink Charging Stations at their stores not only delivers a needed amenity for their EV customers, it also provides the infrastructure for the future of transportation which has already reached a tipping point.”
The new locations with Blink Charging stations are:
• Lancaster, PA (Fruitville Pike)
• Spring House, PA (Bethlehem Pike)
• Exton, PA (N Pottstown Pike)
“Providing Blink Charging services to Whole Foods shoppers is an exciting endeavor because it supports our commitment to making EV charging more accessible,” continued Calise. “Blink is the only charging station provider that is entirely vertically integrated and so with every installation, we’re able to make sure EV drivers will always have a place to charge, no matter where they go.”
About Blink Charging Co.:
Blink Charging (NASDAQ: BLNK, BLNKW) is one of the leaders in nationwide public electric vehicle (EV) charging equipment and services, enabling EV drivers to easily charge at locations throughout the United States. Headquartered in Florida with offices in Arizona and California, Blink Charging’s business is designed to accelerate EV adoption.
Blink Charging offers EV charging equipment and connectivity to the Blink Network, a cloud-based software that operates, manages, and tracks the Blink EV charging stations and all the associated data. Blink Charging also owns and operates EV charging equipment predominantly under the Blink brand, as well as using a number of other charging station equipment manufacturers such as ChargePoint, General Electric (GE) and SemaConnect. Blink Charging has strategic property partners across multiple business sectors including multifamily residential and commercial properties, airports, colleges, municipalities, parking garages, shopping malls, retail parking, schools, and workplaces.
For more information about Blink Charging, please visit BlinkCharging.com
Forward-Looking Statements
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. Those statements include statements regarding the intent, belief or current expectations of Blink Charging Co., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.
Blink Charging Media Contact: Stephanie Goldman Mark Havenner The Pollack PR Marketing Group sgoldman@ppmgcorp.com mhavenner@ppmgcorp.com (212) 601-9341
$DJACF Canada’s Sizeable Shift From Medical to Recreational Branding
As Canada prepares to make the jump to legalized recreational adult use, the country’s cannabis industry reflects on its branding. Recreational branding is now the hot topic as new partnerships and acquisitions form in the wake of recreational legalization expected to take place this summer.
Narrow audience medical cannabis marketing and recreational cannabis mass audience marketing are vastly different.
Who’s investing in the space? What companies are focused on the Canadian mass market? Here’s the rundown.
One brand to watch is Hiku Brands (CSE:HIKU), newly formed as a result of a merger between Tokyo Smoke, a cannabis retailer of coffee and clothing, and small licensed producer DOJA Cannabis. Furthermore, Hiku just announced a merger with WeedMD (TSX-V: WMD), an effort to join the retail company with the well-known and established producer of medical marijuana in a 51.75 percent Hiku / 48.25 percent WeedMD deal.
Big player Aphria Inc. (TSX:APH) has also been wheeling and dealing. The company recently acquired Broken Coast Cannabis for $230 million.
All of these examples demonstrate just how much money licensed producers are investing in retail brands and companies, many of which are in the early stages of development.
One great example is Choom Holdings Inc. (CSE:CHOO) (OTCQB:CHOOF), which was founded on the premise of developing a brand that would have mass appeal in the Canadian recreational cannabis industry. “Choom” means “smoking marijuana” in Hawaiian. That’s exactly the vibe Choom is going for–the spirit of relaxed good times—straight from the Hawaiian islands to Canadian front doors.
Choom’s exclusive focus is on the recreational cannabis consumer. In fact, they’re one of the very few pure-play recreational public entities. The company has done an impressive job building its vertically integrated, seed-to-sale dedicated recreational cannabis company.
Choom and Emblem Corp. (TSX-V:EMC) just signed a supplier agreement, and Emblem has also acquired an interest in Fire & Flower, a retail cannabis store concept, and lifestyle brand. F&F, valued at approximately $50 million, has applied for 37 retail licenses in Alberta alone and is also exploring retail interests in other Canadian provinces like British Columbia and Saskatchewan.
Choom also owns two British Columbia-based licensed producer applicants, both of which are late-stage applicants. They have agreements in place to acquire two more. With all four poised for approval soon, Choom can ramp up its own production soon. As a plan B, Choom has also entered into a supply agreement with ABcann (TSX-V:ABCN). They’re close partners indeed; in Choom’s recent $7 million raise, ABcann kicked in $4 million.
Choom is casting a wide net when it comes to retail outlets. They’re focusing retail locations and opportunities on the western provinces of Saskatchewan, Alberta, and British Columbia. Currently, Choom has about 50 retail outlets planned there. After that, they’ll focus on moving east. Despite their sizeable investment in the retail brand space, many financial experts say that Choom is undervalued given its market cap of around $60 million.
The market is watching. Their retail outlets should be approved, and any one of its four applicants could be licensed. Time will tell.
$CIIX Enters LOI to Acquire Assets of XBTeller.com
NEW YORK, May 7, 2018 —
ChineseInvestors.com, Inc. (OTCQB: CIIX) (“CIIX” or the “Company”), the premier financial information website for Chinese-speaking investors, today announces that the Company has entered into a letter of intent (“Letter of Intent”) to acquire the assets of XBTeller.com, a leading Colorado Cryptocurrency ATM and over the counter (“OTC”) operation. The Letter of Intent contemplates: (1) a total investment by the Company of approximately $2,500,000, with $400,000 to be paid in cash and the remainder to be paid in the Company’s restricted stock; (2) an additional investment in the operations of approximately $1,000,000, over the next twelve to eighteen months, that will provide for the expansion of the existing ATM network locations in Colorado and in other states as identified by the Company that will complement the Company’s existing cryptocurrency and blockchain business; and (3) XBTeller.com founders Noah Berger and Alex Syal will join the ChineseInvestors.com, Inc. management team to lead the ATM/OTC operations. XBTeller.com currently has 9 ATM locations throughout Colorado and is currently reporting approximately $500,000 in unaudited monthly revenues, which includes over the counter transactions.
Chineseinvestors.com, Inc. CFO, Paul Dickman explained “The acquisition of XBTeller.com provides ChineseInvestors.com, Inc. the opportunity to expand its current cryptocurrency and blockchain business to include a retail facing service.”
In 2017, the Company launched Bitcoin Millionaire, a daily cryptocurrency video newscast broadcast from the floor of the NYSE covering all aspects of the emerging digital currency world. Shortly thereafter, it expanded the coverage of its core internet education services with the launch of http://www.newcoins168.com, a free cryptocurrency and blockchain portal providing up-to-date news and investment education in the Chinese language covering cryptocurrency basics, trading guidelines, real-time market commentary and analysis covering cryptocurrency, blockchain technology and mining sector related stocks, trends and ETFs, and strategies and opportunities to capitalize on the cryptocurrency market. The Company is also exploring investments into cryptocurrency mining with its recent purchase of ASIC (Application Specific Integrated Circuit) machines used to mine SHA-256 or Scrypt mining algorithms to earn cryptocurrencies such as Bitcoin and Litecoin.
According to Dickman, “The combined synergy of the media and internet education services, the mining, and the ATM/OTC operations is expected to generate $10m-15m in revenue in the first twelve months following complete integration. The parties have until June 30, 2018 to enter into a definitive asset purchase agreement. In the furtherance of this objective, the Company has committed to provide a refundable earnest money deposit of $10,000 pending completion of the agreement.”
About ChineseInvestors.com (OTCQB: CIIX)
Founded in 1999, ChineseInvestors.com endeavors to be an innovative company providing: (a) real-time market commentary, analysis, and educational related services in Chinese language character sets (traditional and simplified); (b) advertising and public relation related support services; and (c) retail, online and direct sales of hemp-based products and other health related products.
For more information visit ChineseInvestors.com
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Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.
Contact:
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227 W. Valley Blvd, #208 A
San Gabriel, CA 91776
Investor Relations:
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+1-214-636-2548
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$CIIX NewCoins168.com Key to Global Leadership on Cryptocurrency, Blockchain
May 7, 2018
- CIIX will offer Bitcoin Trading Academy LLC courses on the website to educate its global Chinese-speaking audience on investing in and buying virtual currency
- NewCoins168.com Digital Media Technology Ltd. is a Shanghai-based, wholly owned foreign enterprise of CIIX designed to expand company’s education programs into China
- CIIX initiates VIP Service on the site at pre-sale price of $888 annually
ChineseInvestors.com, Inc. (OTCQB: CIIX) is increasingly focused on bolstering its leadership role for its global Chinese-speaking audience as producer and educator about global news regarding bitcoin, cryptocurrency, and blockchain technology through its website, NewCoins168.com. It has also launched a paid VIP Service on the site and expanded it into China.
CIIX already has online editorial reporters in New York and Los Angeles and plans to add a total of 10-15 more editors in China at the Shanghai subsidiary to provide 24/7 coverage of the industry, announced Warren Wang, CEO of CIIX (http://nnw.fm/47Qv4). The foreign enterprise, NewCoins168.com Digital Media Technology Ltd. (Shanghai), is located in the China Free Trade Zone.
“The Chinese website is intended to provide entry-level cryptocurrency and blockchain technology information,” Wang said in a news release. “In addition, the company plans to launch a mobile app that will provide timely, 24/7 news and analysis covering cryptocurrency and blockchain technology for the global Chinese community.”
The NewCoins168.com website offers worldwide news of cryptocurrency trading, ICOs, quotes, tutorials and strategies for investing. It also has online registration for paid subscribers to its VIP service, which offers lectures on ICO speculation, long-term trading, options and other subjects.
The company has a comprehensive suite of manufacturing and educational businesses in the cryptocurrency market. It hosts a Bitcoin ATM in the lobby of its San Gabriel, California, headquarters. It also operates a blockchain mining facility with AntMiners and ASIC machines in a secure data center near Seattle, Washington. CIIX broadcasts a daily video from the NYSE titled, ‘Bitcoin MultiMillionaire’, and it has now added VIP Services at $888 annually on its site and expanded it into China. The Bitcoin Trading Academy LLC will offer paid courses on the website.
For more information, visit the company’s website at www.ChineseInvestors.com
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NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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$SNNVF 2017 Financial Results Amid Corporate Medical Cannabis Production Successes
May 7, 2018
- Company selected and broke ground on a 126-acre site in Okanagan Falls, British Columbia, to build its planned 700,000 square foot Sunniva Canada Campus
- Company commences extraction production, expected to produce 500 pounds per day of bio mass at California facility
- 489,000-square-foot California facilities to complement its planned 700,000-square-foot facilities in Canada
- Canadian product outlets include supply agreement with Canopy Growth Corp. and patients at acquired Canadian medical cannabis clinics
Rising medical cannabis products and services provider Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) issued a report on April 30 detailing its financial results from fiscal year 2017 (http://cnw.fm/t48SZ). This update arrived on the back of month-long successes, including a bought deal public offering of C$27.8 million, selection of its 126-acre Canadian campus, reception of temporary licensing for the state-of-the-art greenhouse cultivation facilities in Cathedral City, California, and news that President Donald Trump’s administration expects to sustain state-based marijuana legalization efforts in the United States (http://cnw.fm/b6Mfo).
An earnings call on May 1 highlighted that Sunniva began extraction production at the California APL facility in April following the company’s first year of revenue generation through its acquisitions of Canadian medical cannabis clinic network Natural Health Services (NHS), which has more than 95,000 registered active patients, and vaporizer subsidiary Full-Scale Distributors, LLC, which operates as the Vapor Connoisseur brand.
“Our goal is to become a low-cost, high-quality, large-scale producer and manufacturer of medical-grade cannabis products,” Sunniva CEO Anthony Holler said during the conference call. “We intend to accomplish this by building large-scale, purpose-built, Good Manufacturing compliant greenhouse facilities. These facilities will incorporate the latest technologies for environmental control and automation, which will allow us to have consistency in production. … As a management team, we remain committed in our focus on execution to support our business strategy and to deliver shareholder value.”
The California extraction facility is expected to process 500 pounds per day of bio mass for cannabinoid extraction, Holler said, and the company expects related revenue generation to begin in May as it negotiates contracts with a variety of cannabis industry brands for cannabis oil, capsules, sprays, tinctures and creams, as well as custom-made vaporization cartridges. Production of premium cannabis at the Sunniva Campus is expected to increase from a rate of 60,000 kilograms annually to about 100,000 kilograms annually, once phase II is complete.
The California APL extraction facility joins phase I of Sunniva’s in-development 325,000 square foot greenhouse and its planned 700,000 square foot greenhouses slated for its Canada Campus, which is in the final review stage for a license from Health Canada. The company announced on May 3 that it has selected and broke ground on the 126-acre Okanagan Falls, British Columbia, site to build its Sunniva Canada Campus. The campus has an overall estimated project budget of approximately C$120 million, which does not include the purchase or lease cost of the land that will underlie the facility (http://cnw.fm/7M5kX).
“In California, we have significant first-mover advantage. We will be the first operational large-scale facility producing pharmaceutical-grade cannabis free of pesticides and other harmful contaminants,” Holler said, adding that current estimates peg some 85 percent of California’s cannabis products with contaminants, including pesticides.
“There is currently very little compliant supply. Obviously, that gives us a significant advantage,” Holler added. “That’s led to discussions with major distributors and major brands in California. … What some of these groups are finding is, they’re getting their product from somewhere; they’re assuming it’s compliant, and then it turns out not to be.”
Holler estimated that the cost of production in California will be below $1 per gram once the facility is fully operation, “as we realize the significant economies of scale, utilizing the energy of the sun and our largely automated climate-controlled facility.”
Sunniva’s wholly owned subsidiary, NHS, has agreements with 27 licensed producers in Canada, and its acquisition of a growing number of NHS clinics provides the company with a steady stream of clients for its cannabinoid products. In addition to its agreement with another licensed producer (LP), Sunniva will produce its own brand for market but plans to remain “agnostic” in terms of brand preference for patients at the clinics, Holler said, noting that the expected number of medical cannabis clients is expected to outpace Sunniva’s own brand production rate.
A significant development in terms of the supply agreement came in February, when Canadian LP Canopy Growth Corp. (TSX: WEED) (OTC: TWMJF) entered into a definitive agreement with Sunniva to purchase, through Sunniva’s wholly-owned subsidiary Sunniva Medical Inc., 45,000 kilograms of premium quality cannabis each year beginning with a two-year period that commences in the first quarter of 2019.
Sunniva’s U.S. subsidiary holds eight 10,000-square-foot cultivation licenses, two manufacturing licenses, one 22,000 square foot cultivation license, one 22,000 square foot nursery license and one 10,000 square foot nursery license. The company will also lease seven 22,000 square foot cultivation bays to its selected licensed tenants (http://cnw.fm/j06zI).
Sunniva began trading publicly on the Canadian Securities Exchange in January and the U.S. OTCQX Market in February. During 2017, the company reported C$16.1 million in revenues, two-thirds of which came from the NHS clinics, according to the April 30 financial report. The company noted an overall net loss of C$18.5 million as it dealt primarily with expenses related to its growth, including the acquisition of NHS and FSD. The company also reported that deferred revenue to help offset those expenses increased to $0.7 million, primarily resulting from customer deposits on sales of merchandise.
For more information, visit the company’s website at www.Sunniva.com
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About CannabisNewsWire
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
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$NETE PayOnline Offers Total Payment Facilitator Solution with Bank Sputnik
May 4, 2018
- Net Element specializes in mobile payments and value-added transactional services
- The company supports electronic payments acceptance in a multi-channel environment
- Net Element recently announced that its PayOnline subsidiary is partnering with Bank Sputnik
Payment processor Net Element, Inc. (NASDAQ: NETE) specializes in mobile payments and value-added transactional services. A worldwide technology-driven group, the company provides its platform for small to medium enterprises (SME) in the United States and select developing markets. On Deloitte’s 2017 Technology Fast 500™, Net Element was ranked as one of the fastest growing companies in North America.
The company supports electronic payments acceptance in a multi-channel environment, including point-of-sale, e-commerce and mobile devices. Net Element has positioned itself strategically for growth in emerging countries and the U.S.
Net Element recently announced that its PayOnline subsidiary is partnering with Bank Sputnik to offer a complete multi-channel payment facilitator solution (http://nnw.fm/GFa4E). This solution is for SMB (small and midsize business) merchants in the Russian Federation. Established in 1990, Bank Sputnik is a global bank that provides a comprehensive range of banking services to legal entities and individuals.
Of note is that this payment solution expands PayOnline’s offerings beyond electronic commerce. Moreover, this payment facilitator solution provides a suite of tools not available from any other transaction processing company in the region.
Net Element, by partnering with Bank Sputnik, is at the vanguard of a new operating paradigm in the payment processing industry. Capgemini highlights this paradigm in its report, ‘Top 10 Trends in Payments 2018: What You Need to Know’ (http://nnw.fm/3FbXB). It states, “Banks run the risk of losing market share unless they adapt and change their operating model and become part of the new collaborative payments ecosystem.”
Innovative service offerings, such as the above, should continue to drive growth for Net Element. The company reported 2017 full year revenues of $60.1 million. This represents an increase of roughly 11 percent over its 2016 revenues of $54.3 million. Net Element’s revenue increase in 2017 was significantly driven by its North America Transactions Solutions division.
Net Element’s PayOnline features customizable payment flows. It also features a full-stack Application Programming Interface and value-added solutions. Additionally, PayOnline provisions a single, master merchant identification. As a result, it ensures that merchants and their clients benefit from an automated, real-time and seamless onboarding experience.
In a news release, Andrey Krotov, Net Element’s chief technology officer, stated, “PayOnline exceeds the unique needs of software platforms and merchants looking to enable payments in a multi-channel environment.”
Net Element’s global business strategy is to take advantage of its omni-channel platform. This is to deliver flexible offerings to developing markets with varied banking, regulatory and demographic conditions. In the United States, one way the company is working to grow transactional revenue is through innovating SME productivity services employing blockchain technology solutions.
For more information, visit the company’s website at www.NetElement.com
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About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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$PBIO Enters Agreement Related to Recently Acquired PreEMT™ Platform
Pressure BioSciences, Inc. Announces First Contract Utilizing Recently Acquired High Pressure Technology from BaroFold, Inc.
International Biopharma Client to Evaluate PBI’s Patented PreEMT™ Platform to Enhance Manufacturing Process and Improve Quality of Key Protein Therapeutic Drug Candidate
SOUTH EASTON, MA / May 3, 2018 / Pressure BioSciences, Inc. (OTCQB: PBIO) (“PBI” and the “Company”), a leader in the development and sale of innovative, broadly enabling, high pressure-based instruments and related consumables for the worldwide life sciences industry, today announced that it has signed an agreement with an international biopharmaceutical company to assess the potential of the Company’s recently acquired PreEMT™ platform to develop a unique manufacturing process and improve the quality of a key protein-based drug currently under development.
Protein-based therapeutic drugs are an important part of the global healthcare industry. Based on data in the THPdb database (http://crdd.osdd.net/raghava/thpdb/), there are over 200 therapeutic proteins and peptides approved for clinical use in the US. These drugs have significantly changed therapy options for many diseases, such as cancer and blood disorders. They are the preferred treatment choice for hormone and growth factor deficiencies and are an ideal treatment option for autoimmune disorders. According to a report from Research and Markets (May 2016), the global protein drug market will reach approximately $248 billion by 2020.
Unfortunately, the manufacture of therapeutic proteins is difficult and complex. According to a report in F1000 Research (Lagasse, Feb 2017), producing a typical protein drug may include more than 5,000 critical process steps. Consequently, even in the best of laboratories, it is not unusual for protein therapeutics to fail in manufacturing. High on the list of reasons for failure are the formation of protein aggregates and the misfolding of the therapeutic protein during the manufacturing process.
Dr. Alexander Lazarev, Vice President of R&D, said: “PreEMT is a patented technology that employs high pressure for the disaggregation and controlled refolding of proteins to their native structures at yields and efficiencies not achievable using existing technologies. PreEMT results in the dissolution of protein aggregates, which may have a significant impact on the quality of protein drugs by improving protein activity, homogeneity, and stability, as well as by reducing undesirable immunogenic properties.”
Dr. Lazarev continued: “PreEMT can be applied to many therapeutic proteins. It can be used to reduce aggregate levels in bulk or final formulations, thereby improving product safety. It is scaleable and practical for standard manufacturing processes. Thus, we believe this unique technology platform can help protein-based biopharmaceutical companies create and manufacture high quality novel protein therapeutics and lower the cost of existing formulations.”
Dr. Nate Lawrence, Vice President of Marketing and Sales commented: “We purchased all assets of BaroFold, Inc. less than five months ago. The development of our Biologics Contract Services Group and associated PreEMT application protocols have just been established at PBI. We are still developing a comprehensive worldwide marketing campaign for the PreEMT platform. To have an international biopharmaceutical company developing protein-based drugs approach us so soon after the purchase of the BaroFold IP estate, says a lot to us about the current needs of protein drug manufacturing and the reputation that the PreEMT platform has already gained in this area.”
Mr. Richard T. Schumacher, President and CEO, said: “We believe this contract will take three to four months to complete. Moreover, we have recently been contacted by several additional biopharmaceutical companies interested in evaluating our PreEMT disaggregation and refolding service in the development and manufacture of protein-based therapeutics. Because of this early interest in the PreEMT platform, and because the BaroFold pressure-based technologies work on and will help sell our existing Barocycler instrumentation, we believe the BaroFold asset purchase will pay for itself very quickly. Finally, and importantly, should the PreEMT technology result in more efficient production of high quality protein-based therapeutics for any biopharmaceutical company developing new protein-based therapeutics, manufacturing-scale licenses have the potential to generate millions of dollars in annual royalty revenue.”
About PreEMT™
PreEMT (“Pressure Enabled Protein Manufacturing”) is a patented technology that employs high pressure for the disaggregation and controlled refolding of recombinant proteins into their native structures for desired drug activity. The PreEMT technology platform is transformative and practical for biopharmaceutical manufacturing processes, offering substantially reduced production costs due to its increased process yield and throughput at high protein concentrations. The PreEMT technology is easily scalable and has been utilized for the cGMP production of phase 1 through phase 3 clinical materials.
About Pressure BioSciences, Inc.
Pressure BioSciences, Inc. (OTCQB: PBIO) is a leader in the development and sale of innovative, broadly enabling, pressure-based solutions for the worldwide life sciences industry. Our products are based on the unique properties of both constant (i.e., static) and alternating (i.e., pressure cycling technology, or “PCT”) hydrostatic pressure. PCT is a patented enabling technology platform that uses alternating cycles of hydrostatic pressure between ambient and ultra-high levels to safely and reproducibly control bio-molecular interactions (e.g., cell lysis, biomolecule extraction). Our primary focus is in the development of PCT-based products for biomarker and target discovery, drug design and development, biotherapeutics characterization and quality control, soil & plant biology, forensics, and counter-bioterror applications. Additionally, major new market opportunities have emerged in the use of our pressure-based technologies in the following areas: (1) the use of our recently acquired PreEMT™ technology from BaroFold, Inc. to allow immediate entry into the biologics contract research services sector, and (2) the use of our recently-patented, scalable, high-efficiency, pressure-based Ultra Shear Technology (“UST”) platform to (i) create stable nanoemulsions of otherwise immiscible fluids (e.g., oils and water) and to (ii) prepare higher quality, homogenized, extended shelf-life or room temperature stable low-acid liquid foods that cannot be effectively preserved using existing non-thermal technologies.
Forward Looking Statements
Statements contained in this press release regarding PBI’s intentions, hopes, beliefs, expectations, or predictions of the future are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based upon the Company’s current expectations, forecasts, and assumptions that are subject to risks, uncertainties, and other factors that could cause actual outcomes and results to differ materially from those indicated by these forward-looking statements. These risks, uncertainties, and other factors include, but are not limited to, the risks and uncertainties discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017, and other reports filed by the Company from time to time with the SEC. The Company undertakes no obligation to update any of the information included in this release, except as otherwise required by law.
For more information about PBI and this press release, please click on the following website link:
http://www.pressurebiosciences.com
Please visit us on Facebook, LinkedIn, and Twitter
Investor Contacts:
Richard T. Schumacher, President & CEO Pressure BioSciences, Inc.
Alexander Lazarev, Ph.D., VP of Research and Development (508) 230-1828 (T)
$ETST Poised to Benefit from Fast Growing Hemp-Derived CBD Market
May 3, 2018
- 12 more U.S. states likely to approve medicinal or recreational use of cannabis in 2018
- Hemp-derived CBD market on course for CAGR of 55 percent over next five years
- Ventures in both MMJ and recreational marijuana hedge bets
The tide of cannabis legalization sweeping over North America continues to rise despite intractable federal prohibition in the United States. In the U.S., 29 states and the District of Columbia allow cannabis for medical use. In nine of those jurisdictions, adult recreational use is also permitted. Another 12 are considering easing restrictions on cannabis use by the end of the year. In Canada, the recreational market is set for opening by fall. As a result, the cannabis market outlook is bright. A recent report valued the global legal cannabis market at $14.3 billion in 2016 and projected a compound annual growth rate (CAGR) of 21.1 percent until 2024, to reach $63.5 billion (http://nnw.fm/Z3jbp). In the fastest growing segment of this market is where you will find innovative biotechnology company Earth Science Tech, Inc. (OTC: ETST). The hemp-derived CBD market, in which it operates, is ballooning at a CAGR of 55 percent. At that rate, it will cross the billion-dollar mark in five years. With its ventures in leading edge, cannabinoid-based pharmaceutical and nutraceutical products, ETST is poised to share in that market growth.
Fuel is being added to the cannabis fire. In November 2018, initiatives allowing recreational use are likely to be on the ballot in six states, including Connecticut, Delaware, Michigan, New Jersey, Ohio and Rhode Island. Vermont has already been there and done that. In January 2018, the state legislature passed a bill allowing recreational use, the first and only state to do so prompted by legislative initiative, rather than by being put to voters at ballot. In five more states – Kentucky, Missouri, Oklahoma, South Dakota and Utah – legalization questions on medical marijuana may face voters in November 2018, according to Newsweek (http://nnw.fm/1JDie). If cannabis continues on its roll, 41 states and DC will have legalized cannabis for medicinal purposes, while 15 and DC will permit adult recreational use, by the end of 2018.
To enter this brave new world of cannabis liberalization, ETST is developing a portfolio of new products while aggressively pursuing growth through joint ventures and acquisitions. In this vein, newly created division Cannabis Therapeutic Inc. will develop proprietary cannabinoid-based nutraceuticals and pharmaceutical products based on an existing CBD patent. The company continues its activities in the hemp-derived cannabinoid (CBD), nutraceutical, pharmaceutical and medical device markets. In addition, it is pursuing a vigorous program of R&D and continued development of its marketing and distribution channels.
The company’s purchase of Canna Inno Laboratories Inc. is already paying off. The acquisition, partly designed to gain access to Canadian government funding, has scored on that front. In March 2018, ETST announced that Canna Inno Laboratories had received a supporting grant for innovation in the pharmaceutical industry from the Ministère de l’économie, des sciences et de l’innovation of the Government of Québec.
This first grant is earmarked for the pre-launch processes on the company’s three CBD-based nutraceutical provisional patent products. The pre-launch process includes a series of pre-clinical in vitro trials to fight breast cancer and neurodegenerative disorders. Thereafter, patent applications will be submitted, with the products expected to be commercialized as nutraceuticals during the waiting period. The company also plans to apply for more funding under Canada’s Scientific Research and Experimental Development Tax Credit program, among others. Earth Science expects that, through this new subsidiary, about half of all R&D expenditures will be covered by grants.
ETST is also venturing into the recreational market. A joint venture with Karmavore SuperFood is set to manufacture a new chocolate product, and one with Varsity Group, LLC, a kanna ingredient based e-liquid company, will give Earth Science a presence in the recreational vape/smoke market.
For more information, visit the company’s website at www.EarthScienceTech.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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$SNNVF Chooses Okanagan Falls Property for Canadian Facility
Vancouver, British Columbia–(May 3, 2018) – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) (“Sunniva” or the “Company“) is pleased to announce that it has selected the 126 acre Okanagan Falls, British Columbia site to build its Sunniva Canada Campus. The Company’s wholly-owned subsidiary, Sunniva Medical Inc. (“SMI“), has entered into a purchase and sale agreement to acquire the entire 126-acre industrial zoned property for a purchase price of $7 million.
As part of the site selection process, the Company reviewed several options, including leasing land from the Osoyoos Indian Band in Senkulmen Business Park, Oliver, British Columbia. After consideration of a number of factors, including the ability to purchase and own the land and future expansion opportunities, the Company determined that the Okanagan Falls site provides superior benefits and flexibility.
Sunniva is also pleased to announce that it has selected the following vendors in respect of the project:
- Certhon Projects B.V. — supplier of the greenhouse superstructure, electrical, irrigation systems, lighting system and heating, cooling and CO2 systems.
- EllisDon Corporation — construction manager and general contractor.
- MQN Architects — architect consultant.
- Urban Systems Ltd. — civil and landscape engineers.
The Company’s preliminary due diligence review of the property has been completed; however, the acquisition remains conditional upon finalization of certain due diligence items and other closing conditions customary in transactions of this nature. Closing is expected to occur on or about June 15, 2018. Pursuant to the terms of the agreement, grading work has commenced on the property and the Company has submitted its development applications in advance of the closing date.
About Sunniva Inc.
Sunniva, through its subsidiaries, is a vertically integrated medical cannabis company operating in the world’s two largest cannabis markets — Canada and California — where we are committed to delivering safe, high-quality products and services at scale. Our vision is to become the lowest cost, highest quality cannabis producer in the markets we serve by building large scale purpose-built current good manufacturing practices greenhouses, offering better quality assurance with cannabis products free from pesticides, providing better patient and doctor access to cannabis education and sourcing better therapeutic delivery devices. Sunniva’s management and board of directors have a proven track record for creating significant shareholder value both in the healthcare and biotech industries.
Sunniva operates through its wholly owned subsidiaries:
Sunniva Medical Inc. — SMI is a late stage Access Cannabis for Medical Purposes Regulations (“ACMPR“) applicant in final review and is building the Sunniva Canada Campus, 700,000 square feet of purpose-built cGMP compliant greenhouse facilities in British Columbia. The total campus is expected to produce over 100,000 kg of premium medical cannabis a year and over 25,000 kg of trim used for extraction. The facility will produce pesticide free products and will convert trim to extracted products such as cannabis oil. The oil can be used for drug delivery formats such as capsules, dissolvable strips, vaporization cartridges, tinctures and creams. As the facility is not yet under construction, revenue and costs are not known, therefore, profitability cannot be assured.
CP Logistics, LLC (“CPL“) — Through CPL, Sunniva has commenced construction of the Sunniva California Campus, state-of-the-art, purpose-built greenhouse facilities in Cathedral City, California. The Sunniva California Campus is planned in two phases and has been cGMP designed. Phase 1 is designed to be 325,000-square feet producing in excess of 60,000 kg of premium cannabis a year. The total campus is expected to produce over 100,000 kg of premium cannabis a year after Phases 1 and 2 are complete. At this facility, it is estimated 30% of all product will be used for higher margin extracted products and all products will be produced free from the pesticides commonly used within today’s industry. As the facility is not complete, revenue and costs are not known, therefore, profitability cannot be assured.
Natural Health Services Ltd. (“NHS“) — NHS owns and operates a network of 7 clinics in Canada specializing in medical cannabis under ACMPR. NHS connects patients with safe and effective medical cannabis products through Licensed Producers (“LPs“). NHS has in-house physicians and nurse practitioners specializing in the endocannabinoid system providing expert consultation, education, and recommendations for patients. NHS’ proprietary technology infrastructure assists physicians, patients and LPs to comply with the rules of Health Canada. NHS has more than 150,000 active medical documents outstanding and 95,000 active patients.
Full-Scale Distributors, LLC (“FSD“) — FSD, through its brand, Vapor Connoisseur, is a provider of custom, private-label vaporizers and accessories. FSD currently serves the needs of over 80 brands in the North American marketplace. Vapor Connoisseur is recognized for its high quality and innovative vaporization devices. Products are tailored to client needs, ensuring both safety and reliability and FSD will continue to provide these services in coordination with the large supply from both Sunniva Campuses.
For more information please visit: www.sunniva.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding relating to the closing conditions of the property purchase, future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, statements regarding Sunniva’s plan to cultivate, produce and distribute a broad range of solutions focused on patients’ needs and Sunniva’s plans, timing and estimates of production for its facilities, are “forward-looking statements.” Forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others, the risk factors included in the Sunniva’s continuous disclosure documents available on www.sedar.com. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. Although Sunniva has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. Sunniva assumes no obligation to update any forward-looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.
Contact Information:
Dr. Anthony Holler
Chairman and Chief Executive Officer
Investor Relations Contact:
George Jurcic
Manager, Investor Relations
587-430-0680
ir@sunniva.com
Corporate Communications Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
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