Archive for February, 2019
TORONTO, Feb. 8, 2019 – The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (US:TGODF) is pleased to announce that it has secured a cannabis supply agreement with the Ontario Cannabis Retail Corporation.
“Ontario has the largest population in Canada and is a critical component to TGOD’s national recreational rollout,” commented Brian Athaide, Director and CEO. “This represents the first of many provincial supply agreements planned for our premium organic product as our domestic facilities near completion and production increases throughout 2019.”
TGOD is the largest licensed producer of 100% certified organic cannabis in Canada. TGOD cannabis is certified by ECOCERT, one of the pre-eminent organic certification bodies in the world. Organic cannabis is grown in living soil without the use of synthetic fertilizers, pesticides or herbicides. The result is a cleaner, premium product for Canadian consumers across both medical and recreational uses.
The Ontario Cannabis Retail Corporation, operating as the Ontario Cannabis Store (“OCS”) is the only legal retailer of recreational cannabis in Canada’s most-populous province. Online sales launched in October 2018. The OCS will also supply cannabis products to licensed private retail stores across the province, set to open in April of this year. The first 25 retailers eligible to apply for cannabis licenses were announced last month.
The agreement with OCS was negotiated jointly between TGOD and its partner, Velvet Management Inc. (“Velvet”). Velvet provides fully integrated sales and distribution capabilities for TGOD’s premium cannabis products to provincial liquor and cannabis boards across Canada. Velvet is a new company created by the largest wine distributor in Canada, Philippe Dandurand Wines.
“We look forward to helping TGOD provide its premium organic cannabis to consumers in Ontario, Canada’s largest province,” said Vianney Aubrecht, President of Velvet. “Organic resonates with consumers. We are proud to have TGOD as our cornerstone supplier for all provinces and territories.”
On Behalf of the Board of Directors,
The Green Organic Dutchman Holdings Ltd.
About The Green Organic Dutchman Holdings Ltd.
The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) is a publicly traded, premium global organic cannabis company, with operations focused on medical cannabis markets in Canada, Europe, the Caribbean and Latin America, as well as the Canadian adult-use market. The Company grows high quality, organic cannabis with sustainable, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a planned capacity of 219,000 kgs and is building 1,643,600 sq. ft. of cultivation and processing facilities across Ontario, Quebec, Jamaica and Denmark.
TGOD’s Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol “TGOD” and “TGOD.WT”, respectively.
For more information on The Green Organic Dutchman Holdings Ltd., please visit www.tgod.ca.
Forward-Looking Information Cautionary Statement
This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”). Forward looking statements in this release includes, but is not limited to, statements about future research, development and innovation by the Company, statements about future facility construction and capital costs, statements about production timing, efficiencies, capacities and ramp-up, statements about future production, revenue and cashflows, statements about the offering of any particular products by the Company in any jurisdiction and statements regarding the future performance of the Company. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of Toronto Stock Exchange) accept responsibility for the adequacy or accuracy of this release.
POINT ROBERTS, Wash. and DELTA, British Columbia, Feb. 08, 2019 — Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot reporting on the CBD market As it grows, branding becomes essential to companies hoping to stand out.
According to Brightfield Group analysts, the CBD market is expected to hit $22 billion by 2022, overtaking the cannabis market with $20 billion by 2020. This is good news for most companies in the sector, but it also adds to market saturation, which means brand awareness may be the only way to stay ahead of the pack.
Tilray, Inc. (NASDAQ: TLRY) announced in January that they have signed a long-term revenue-sharing agreement with Authentic Brands Group (“ABG”) to market and distribute a portfolio of consumer cannabis products within ABG’s brand portfolio.
The parties will leverage ABG’s portfolio of brands to develop, market and distribute consumer cannabis products around the world, as and where legal, with an immediate focus on opportunities, including CBD, in Canada and the US, subject to applicable and brand appropriate regulations.
Daniel W. Dienst, ABG Executive Vice Chairman, said, “Tilray’s unyielding focus on science, product quality, operational excellence and innovation has allowed them to quickly emerge as a leader in the cannabis industry. We see the extraordinary potential for cannabis in the fast-growing health and wellness category – particularly for CBD products in the United States and around the world – and are excited about this long-term partnership.”
GGB Beauty LLC, a subsidiary of Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF), announced yesterday that it will also be working with Authentic Brands Group and the Greg Norman brand. The Agreement is to develop a line of CBD infused personal care products designed for active adult men and women. As part of this arrangement, the Company will be working with Tilray Inc. as the preferred supplier of the CBD ingredients to be used in these products.
This is the latest in a series of new developments related to GGB’s pipeline of value-creating initiatives and strategic partnerships, including its recent distribution agreement with DSW Inc. Through its subsidiary GGB Beauty, GGB is well-positioned to maximize opportunities in the emerging CBD market following the recently adopted 2018 US Farm Bill.
Though not focused solely on CBD, The Supreme Cannabis Company, Inc. (TSXV: FIRE.V) (OTCQX: SPRWF) has made their brand through their wholly-owned subsidiary, 7ACRES. In September 2018, 7ACRES entered into a supply agreement to provide dried cannabis to Tilray Canada Ltd., a subsidiary of Tilray Inc. (NASDAQ: TLRY), estimated to be in excess of C$2 million.
7ACRES was recognized as the ‘Brand of the Year’ at the 2018 Canadian Cannabis Awards presented by Lift & Co. The Canadian Cannabis Awards celebrates Canadian cannabis, distinguishing the people, companies, and products that make it great. 7ACRES was selected by a panel of industry professionals across a variety of sectors in the cannabis space. The award recognizes the enormous effort behind creating a brand, strategy, culture, image, and impact that resonates in the public consciousness.
“We are extremely honored to have been recognized as Brand of the Year by the Canadian Cannabis Awards. The Team at 7ACRES works incredibly hard and are very proud of the products and the culture we have cultivated since day one,” said John Fowler, President & Founder of Supreme Cannabis. “Since our founding, our organization has been dedicated to ensuring the highest quality product and innovation, developing an industry-leading team, and incredible corporate culture.”
With so much focus on the US and Canada, we can sometimes forget that cannabis is a global industry, a fact Khiron Life Sciences Corp. (TSXV: KHRN.V), (OTCQB: KHRNF) isn’t ignoring. Khiron and Dixie Brands Inc. recently signed a binding letter of intent to establish a 50/50 joint venture to introduce a full line of cannabis-infused products to the Latin American market. Dixie will also manufacture and distribute Khiron’s Kuida® brand of CBD-based cosmeceuticals in the United States, targeting the growing Hispanic population, estimated at almost 60 million.
By combining Dixie’s market-ready portfolio of cannabis-infused products with Khiron’s established footprint throughout Latin America, a 620 million person market, the companies aim to capture first-mover advantage and establish leadership in one of the world’s fastest-growing cannabis markets. The agreement also creates a framework for the development of new products and brands tailored to Latin America, allowing Dixie and Khiron to take full advantage of opportunities resulting from cannabis legalization throughout the region.
Brand awareness will become essential for first market movers over the coming months as CBD continues to gain traction. By this time next year, companies like Green Growth Brands or Tilray could aim to have their brands become as familiar to consumers as Coca-Cola or Budweiser.
For investors following cannabis stocks, view our stock directory of publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX Marijuana/Hemp Stocks
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Lexaria Bioscience’s (CSE: LXX) (OTCQX: LXRP) wholly owned subsidiary, Lexaria Nicotine LLC, recently struck a deal with a large tobacco partner, securing significant R&D financing for the company’s DehydraTECH absorption platform (http://nnw.fm/A0iyv). A recent article discussing the company reads, “Through the agreement, the partner also has the option to provide up to $11 million in additional research through multiple phased private financings to underwrite LXRP’s R&D. In exchange, the partner will receive certain license rights to commercialize these DehydraTECH products exclusively in the United States and non-exclusively elsewhere. The partner, the largest cigarette company in the U.S., will be obligated to pay LXRP a royalty on sales of all products that use DehydraTECH. . . . The partner will have the option to buy full ownership of LXRP’s subsidiary, but no equity in LXRP itself, per the terms of the agreement. Additionally, the partner will have the right to appoint one of the seven directors of LXRP, and, as the phased additional investments are made, it may have the right to appoint up to three directors.”
To view the full article, visit: http://nnw.fm/09Mbj
About Lexaria Bioscience Corp.
Lexaria Bioscience has developed and out-licenses its disruptive delivery technology that promotes healthier ingestion methods, lower overall dosing and quicker onset of lipophilic active molecules. Lexaria has 10 patents granted in the United States and Australia, and has filed over 50 patent applications worldwide across 10 patent families. Lexaria’s technology provides more rapid delivery to the bloodstream, as well as important taste-masking benefits for orally administered bioactive molecules including cannabinoids, vitamins, nonsteroidal anti-inflammatory drugs (NSAIDs), nicotine and other molecules. For more information, visit the company’s website at www.LexariaBioscience.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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Cannabis Strategic Ventures (OTC: NUGS) recently reported the addition of cannabis industry insiders to its board of directors ahead of its planned uplisting to the OTCQB Venture Market. A recent article discussing NUGS reads, “The board of directors was strengthened through the appointments of Tad Mailander and Jesus Quintero (http://nnw.fm/Jem2f). Mailander, who is currently a director of American Cannabis Company, is an attorney with experience in handling SEC-related matters. Jesus Quintero is presently CFO of MassRoots, a leading technology platform for the cannabis industry. Quintero previously served as CFO of Brazil Interactive Media. He has a wealth of experience in public company reporting. Accounting scandals in the 2000s have caused Congress and a variety of regulatory bodies to strengthen governance requirements – including the appointment of independent directors – for public companies.”
To view the full article, visit: http://nnw.fm/ppPC9
About Cannabis Strategic Ventures Inc.
Cannabis Strategic Ventures is a Los Angeles-based firm that incubates, develops and partners with category leaders within the cannabis sector. The firm’s NUGS brand experience provides mentorship and a range of essential services to emerging and existing cannabis consumer brands. The company recently completed a name and symbol change from Cascade Energy Inc. Cannabis Strategic Ventures is publicly traded on the U.S. Over-the-Counter Market with the stock symbol NUGS. For more information, visit the company’s website at www.CannabisStrategic.com.
About 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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- The e-commerce platform will incorporate Pacific Software’s Agri-Blockchain technology, as well as IoT solutions to increase transparency and safety
- In its annual letter to shareholders, Pacific Software outlined a number of additional financial and company development goals accomplished throughout 2018
- Based on its rapid growth, the company expects to maintain the speed of development through 2019 and to implement a business plan focused on further expansion
Business development technology innovator Pacific Software Inc. (OTC: PFSF) anticipates the launch of its cross-border Brazil-China ecommerce trade platform in Q1 2019, as the company announced in a recently-issued shareholder letter (http://nnw.fm/59Qk1). The letter outlines the company’s biggest accomplishments and milestones in 2018. It also sheds some light on future goals and anticipated developments for 2019.
The e-commerce platform is currently in the process of being developed. It will be a digital, blockchain-supported e-commerce website that will link Brazilian agricultural suppliers to…
Read more »
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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Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) this morning announced that it intends to increase its total investment in cannabis-focused investment and operating firm Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) by CAD $30 million. The investment will be made through a private placement of subordinated voting shares in the capital of Canopy Rivers concurrent with Canopy Rivers’ bought deal offering of subordinate voting shares for gross proceeds of approximately $55 million. Upon closing of the investment, which is expected to occur on or about February 27, 2019, Canopy Growth’s ownership of issued and outstanding shares of Canopy Rivers will increase on a non-diluted basis from approximately 26.5% to approximately 27.3%. “The strength of the Canopy Rivers team, coupled with their selective approach to business development and execution of strategic investments, creates value for shareholders and for Canopy Growth,” Canopy Growth Founder and Co-CEO Bruce Linton stated in the news release. “By increasing Canopy Growth’s investment in Canopy Rivers, we are demonstrating our interest in growing great companies, developing selective opportunities and delivering Canopy’s shareholders more growth.”
To view the full press release, visit: http://nnw.fm/Frrv0
About Canopy Rivers Inc.
Canopy Rivers is a unique investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers works collaboratively with Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) to identify strategic counterparties seeking financial and/or operating support. Canopy Rivers has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the emerging cannabis sector. As the portfolio continues to develop, constituents will be provided with opportunities to work with Canopy Growth and collaborate among themselves, which Canopy Rivers believes will maximize value for its shareholders and foster an environment of innovation, synergy and value creation for the entire ecosystem. For more information, visit the company’s website at www.CanopyRivers.com
About Canopy Growth Corporation
Canopy Growth is a world-leading diversified cannabis and hemp company, offering distinct brands and curated cannabis varieties in dried, oil and Softgel capsule forms. Canopy Growth offers medically approved vaporizers through the company’s subsidiary, Storz & Bickel GMbH & Co. KG. From product and process innovation to market execution, Canopy Growth is driven by a passion for leadership and a commitment to building a world-class cannabis company one product, site and country at a time. The company has operations in over a dozen countries across five continents. The company is proudly dedicated to educating healthcare practitioners, conducting robust clinical research, and furthering the public’s understanding of cannabis, and through its wholly owned subsidiary, Canopy Health Innovations, has devoted millions of dollars toward cutting edge, commercializable research and IP development. Canopy Growth works with the Beckley Foundation and has launched Beckley Canopy Therapeutics to research and develop clinically validated cannabis-based medicines, with a strong focus on intellectual property protection. Canopy Growth acquired assets of leading hemp research company, ebbu, Inc. Intellectual Property (“IP”) and R&D advancements achieved by ebbu’s team apply directly to Canopy Growth’s hemp and THC-rich cannabis genetic breeding program and its cannabis-infused beverage capabilities. Through partly owned subsidiary Canopy Rivers Corporation, the company is providing resources and investment to new market entrants and building a portfolio of stable investments in the sector. From its historic public listing on the Toronto Stock Exchange and New York Stock Exchange to its continued international expansion, pride in advancing shareholder value through leadership is engrained in everything part of Canopy Growth. Canopy Growth has established partnerships with leading sector names including cannabis icon Snoop Dogg, breeding legends DNA Genetics and Green House seeds, Battelle, the world’s largest nonprofit research and development organization, and Fortune 500 alcohol leader Constellation Brands, to name but a few. Canopy Growth operates ten licensed cannabis production sites with over 4.3 million square feet of production capacity, including over 500,000 square feet of GMP certified production space. The company operates Tweed retail stores in Newfoundland and Manitoba and has entered into supply agreements with every Canadian province and territory. For more information visit www.CanopyGrowth.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.
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Palm Beach FL – February 7, 2019 – The seemingly never ending rise of revenue projections for hemp products goes hand-in-hand with the consumer markets growing acceptance of the products inherent attributes. Research reports find that: “The global industrial hemp market size was estimated at USD 3.9 billion in 2017, expanding at a CAGR of 14.0% over the forecast period. Growing demand for hemp-based food products including cooking oil, dairy alternatives, flour, and salad dressings is expected to drive market growth. In addition, rising demand for bakery products such as bread and cookies is expected to drive the market. The report continues:” The industry is witnessing growth on account of increasing consumer awareness pertaining to benefits associated with hemp products. The product is a rich source of omega-3 and omega-6, amino acids, and proteins. These nutrients aid in insulin balance, cardiac function, mood stability, and skin and joint health, which is expected to complement industry growth.” Active companies in the cannabis industry this week includes: Future Farm Technologies Inc. (CSE: FFT) (OTCQB: FFRMF), Green Growth Brands Inc. (CSE: GGB) (OTC: GGBXF), Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB), The Green Organic Dutchman Holdings Ltd. (OTC: TGODF) (TSX-V: TGOD), OrganiGram Holdings Inc. (OTC: OGRMF) (TSX-V: OGI).
The researchers added: “The global industrial hemp market size is expected to reach USD 10.6 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 14.0% during the forecast period. Rising demand for oil in food and beverages owing to growing awareness regarding dietary advantages of hempseed and oil is expected to propel demand.
Future Farm Technologies Inc. (CSE: FFT) (OTCQB: FFRMF) BREAKING NEWS: As it prepares to begin selling its inventory of Cherry Wine hemp seeds for CBD-producing hemp, Future Farm Technologies is pleased to announce that its Maine subsidiary, Future Farm Maine, will soon be offering for sale its inventory of Cherry Wine hemp seeds for CBD-producing hemp.
Click here to view Future Farm Maine’s harvest video.
In 2018, Future Farm hand-selected the Cherry Wine seeds to be offered for sale from more than 50,000 hemp plants to allow purchasers of those seeds to maximize the success of their harvests of hemp. The Company expects the sales of those seeds during calendar 2019 to have a significant positive impact on both its revenue and bottom line, as compared to the current fiscal year, because the costs associated with producing those seeds are expected to be significantly less than the revenue that the sale of the seeds will generate. Future Farm is in the process of creating a website to support its seed sales effort, but in the meantime inquiries can be sent to sales@futurefarmtech.com.
As these efforts advance in Maine, the Company’s lab in Belfast is up and running, collecting data to enable the Company to refine procedures as needed and begin sales of CBD distillate in the near future. In March, Zachary Lapan, Manager of the Company’s Maine cultivation and processing operations, along with George Groccia, Future Farm’s organizational and operational manager, will share their experience working on the Maine farm as speakers at the 2019 New England Cannabis Convention in Boston. Read this full announcement and more news for Future Farm Technologies at: https://www.financialnewsmedia.com/news-fft/
Additional cannabis industry related developments from around the markets:
Green Growth Brands Inc. (CSE: GGB.CN) (OTCQB: GGBXF) recently the company announced that it executed an arm’s length definitive agreement to acquire control of ZLJT LLC & Arizona Natural Pain Solutions Inc, collectively referred to as “Desert Rose”. Desert Rose holds a license for a vertically-integrated operation in Arizona , including retail, cultivation & infusion (kitchen). As consideration for the membership interests, GGB will pay an aggregate purchase price of USD$12,350,000 (CAN$16,292,120) in cash.
“We were very impressed with the quality of the operations held by Arizona Natural Pain Solutions,” said Green Growth Brands CEO Peter Horvath . “At Desert Rose, the team is dedicated to providing their customers with medical marijuana products that are pure, safe, and efficient while striving to keep their costs as affordable as possible. This strategy fits perfectly with our plans to grow the world’s premier cannabis retailing business.”
Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) announced today that its extraction technology partner, Radient Technologies (“Radient”) (TSX-V: RTI; OTCQX: RDDTF), has received its Standard Processing License from Health Canada. In 2016, Aurora identified Radient’s proprietary extraction technology (MAP™) as potentially disruptive for the cannabis industry due to its ability to achieve much higher throughputs than is possible with existing benchmark technologies, as well as its efficiency and ability to preserve the full spectrum of cannabinoids and terpenes found in the source material. These aspects provide key competitive advantages in the development and large-scale production of high-quality derivative products.
The Green Organic Dutchman Holdings Ltd. (OTCQX: TGODF) (TSX-V: TGOD) yesterday the company announce that, further to its news release of January 24, 2019 announcing the record date for the distribution (the “Distribution”) of unit purchase warrants (“SpinCo Unit Warrants”) of TGOD Acquisition Corp. (“SpinCo”) under its previously announced plan of arrangement with SpinCo (the “Arrangement”), TGOD has now mailed an election form (the “Election Form”) to all registered TGOD shareholders of record as of January 31, 2019 (the “Distribution Record Date”) who have an address of record outside the United States . All non-U.S. registered TGOD shareholders of record as of the Distribution Record Date who wish to receive the SpinCo Unit Warrants they are entitled to under arrangement must complete the Election Form and deliver it to Computershare Investor Services Inc. as the tabulation agent (the “Tabulation Agent”) by 4:00 p.m. ( Toronto time) on February 22, 2019 (the “Election Deadline”) or they will lose their right to receive any SpinCo Unit Warrants.
OrganiGram Holdings Inc. (OTCQX: OGRMF) (TSX-V: OGI.V) recently announced that it has reached – and already surpassed – the production of one million cannabis pre-rolls since the legalization of adult use recreational cannabis in October 2018. The Company credits the automation of its processes along with surging consumer demand for the success of its large-scale production. “At Organigram, we are proud to be among a select group of licensed producers who have been able to rise to the challenge of large-scale pre-roll production,” says Greg Engel, CEO, Organigram. “Our operations team has done an amazing job introducing automation to important parts of our process, building our overall capacity while retaining our focus on product quality.”
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Global technology and value-added solutions group Net Element (NASDAQ: NETE) this morning released a letter to its shareholders from its CEO Oleg Firer that highlights 2018 milestones and plans for the year ahead. According to the update, NETE’s 2018 accomplishments include the acquisition of recurring cash flow portfolio from Argus Merchant Services, projected to add over $4 million in gross profits over the next 4 years; ranking on Deloitte’s 2018 Technology Fast 500; winning two categories at ACQ5 Global Awards 2018, with CEO named “Gamechanger of the Year”; and strategic appointments of Jon Najarian of CNBC “Halftime Report” and “Fast Money,” and Jonathan Fichman, fintech & startup executive to Net Element’s board of directors. “For us, 2018 was a year of continued organic growth in the United States,” CEO Oleg Firer stated in the update. “We strengthened our competitive posture by focusing on value-added payment solutions, and along the way executed several complex initiatives, took bold steps to increase our gross margins, and were again regarded as one of the fastest growing technology companies in America.”
To view the full press release, visit: http://nnw.fm/rEO2U
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, the company’s 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’s as one of 2016’s fastest growing technology companies. Further information is available at www.NetElement.com.
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NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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COLUMBUS, OH, Feb. 7, 2019 – GGB Beauty LLC, a subsidiary of Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) (GGB or the Company) announces it has executed a licensing agreement (the Agreement) as of February 6, 2019 with Authentic Brands Group (ABG) and the Greg Norman brand. The Agreement is to develop a line of cannabidiol (CBD) infused personal care products designed for active adult men and women. As part of this arrangement, the Company will be working with Tilray Inc. (NASDAQ: TLRY) (Tilray) as the preferred supplier of the CBD ingredients to be used in these products.
This is the latest in a series of new developments related to GGB’s pipeline of value-creating initiatives and strategic partnerships, including its recent distribution agreement with DSW Inc. Through its subsidiary GGB Beauty, GGB is well-positioned to maximize opportunities in the emerging CBD market following the recently adopted 2018 Farm Bill.
“I played professional golf for 40 years, hitting more than five million golf balls that have caused significant wear and tear on my body,” said Greg Norman, World Golf Hall-of-Fame member. “Having been through it all, on the golf course and in business, I am thrilled to partner with GGB Beauty to distribute Greg Norman® CBD products throughout the country. GGB Beauty was an obvious choice as a partner, as the organization is laser-focused on providing high-quality products and the consummate retail experience for their customers across the United States.”
ABG is a powerhouse brand development, marketing and entertainment company. In addition to the Greg Norman brand, its global portfolio of entertainment and lifestyle brands include icons Muhammad Ali, Marilyn Monroe, Elvis Presley, living legend Shaquille O’Neal, and world-famous fashion, street and active brands such as Nautica, Aéropostale, Nine West, Juicy Couture, Prince, Spyder and other sought-after brands. Launching Greg Norman products into this fast-growing U.S. CBD market aligns with ABG’s strategic growth plan and the expansion of the Greg Norman brand, which is available in over 3,000 retail locations across the United States.
“As part of our stated strategy, we will continue to offer the largest assortment of high-quality CBD-infused personal care products in the industry,” said Peter Horvath, CEO of Green Growth Brands. “This agreement allows us to work with a world-renowned athlete and entrepreneur in Greg Norman while partnering with Authentic Brands Group, who have been the visionaries behind some of the world’s most iconic and celebrated brands. We will also be taking advantage of the relationship between ABG and Tilray to ensure the safety and reliability of our new product line.”
The products are expected to become available later this year.
About Green Growth Brands
Green Growth brands expects to dominate the cannabis and CBD market with a portfolio of emotion-driven brands that people love. Led by Peter Horvath, the GGB team is full of retail and consumer packaged goods experts with decades of experience building successful brands. Join the movement at GreenGrowthBrands.com.
About Authentic Brands Group
Authentic Brands Group (ABG) is a brand development, marketing, and entertainment company, which owns a portfolio of global entertainment and lifestyle brands. Headquartered in New York City, ABG manages, elevates, and builds the long-term value of more than 50 consumer brands and properties by partnering with best-in-class manufacturers, wholesalers, and retailers. Its brands have a global retail footprint in more than 100,000 points of sale across the luxury, specialty, department store, mid-tier, mass, and e-commerce channels and more than 4,600 branded freestanding stores and shop-in-shops around the world. ABG is committed to transforming brands by delivering compelling product, content, business, and immersive brand experiences. It creates and activates original marketing strategies to drive the success of its brands across all consumer touchpoints, platforms, and emerging media. ABG’s portfolio of iconic and world-renowned brands includes Marilyn Monroe®, Mini Marilyn®, Elvis Presley®, Muhammad Ali®, Shaquille O’Neal®, Dr. J®, Greg Norman®, Neil Lane®, Thalia®, Michael Jackson® (managed brand), Nautica®, Aéropostale®, Juicy Couture®, Vince Camuto®, Herve Leger®, Judith Leiber®, Frederick’s of Hollywood®, Nine West®, Frye®, Jones New York®, Louise et Cie®, Sole Society®, Enzo Angiolini®, CC Corso Como®, Hickey Freeman®, Hart Schaffner Marx®, Adrienne Vittadini®, Taryn Rose®, Bandolino®, Misook®, 1.STATE®, CeCe®, Chaus®, Spyder®, Tretorn®, Tapout®, Prince®, Airwalk®, Vision Street Wear®, Above The Rim®, Hind®, Thomasville®, Drexel®, and Henredon®. For more information, please visit ABG-NYC.com
About Greg Norman
Arguably the most successful athlete-turned-businessman in the world, Greg Norman is known as much for his entrepreneurial spirit in the boardroom as his dominance on the golf course. The internationally renowned “Great White Shark” won more than 90 tournaments worldwide, including two Open Championships, and he holds the distinction of defending his No. 1 position in the world golf rankings for 331 weeks, the second-longest reign in history.
Greg Norman now transcends the game of golf, with over a dozen companies around the world bearing his name and the iconic shark logo as part of the Greg Norman Company, which he leads as Chairman & CEO. His internationally recognized brand boasts more than 100 golf course designs across six continents, a global real estate collection, award-winning wine, golf-inspired lifestyle apparel and a diverse investment division. For more information: www.shark.com
Cautionary Statements:
Certain information in this news release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “intend”, “forecast” and similar expressions. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving medical and recreational marijuana; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the marijuana industry in the United States, income tax and regulatory matters; the ability of the Company to implement its business strategies; competition; currency and interest rate fluctuations and other risks, including those factors described under the heading “Risks Factors” in the Company’s Annual Information Form dated November 26, 2018 which is available on the Company’s issuer profile on SEDAR.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking statements contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
This announcement does not constitute an offer, invitation or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.
The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act“), or under the securities laws of any state or other jurisdiction of the United States and may not be offered or sold, directly or indirectly, within the United States, unless the securities have been registered under the Securities Act or an exemption from the registration requirements of the Securities Act is available.
SOURCE Green Growth Brands
For investor relations inquiries, please contact: Eric Wright, 416-640-2963, ewright@greengrowthbrands.com; or Ian Robertson, Kingsdale Advisors, 647-621-2646, irobertson@kingsdaleadvisors.com; or Peter Horvath, (614) 508-4222; For media enquiries or interviews, please contact: Wynn Theriault, Thirty Dash Communications, 416-710-3370, wynn@thirtydash.ca; Authentic Brands Group Contact: Alli Good, Health and Wellness, Marketing & PR: 646-779-5336, agood@abg-nyc.com; Haley Steinberg, Corporate Communications/Greg Norman: 646-612-7439, hsteinberg@abg-nyc.comCopyright CNW Group 2019
TORONTO, Feb. 6, 2019 – The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD“) (TSX:TGOD) (US:TGODF) is pleased to announce that, further to its news release of January 24, 2019 announcing the record date for the distribution (the “Distribution“) of unit purchase warrants (“SpinCo Unit Warrants“) of TGOD Acquisition Corp. (“SpinCo“) under its previously announced plan of arrangement with SpinCo (the “Arrangement“), TGOD has now mailed an election form (the “Election Form“) to all registered TGOD shareholders of record as of January 31, 2019 (the “Distribution Record Date“) who have an address of record outside the United States. All non-U.S. registered TGOD shareholders of record as of the Distribution Record Date who wish to receive the SpinCo Unit Warrants they are entitled to under Arrangement must complete the Election Form and deliver it to Computershare Investor Services Inc. as the tabulation agent (the “Tabulation Agent“) by 4:00 p.m. (Toronto time) on February 22, 2019 (the “Election Deadline“) or they will lose their right to receive any SpinCo Unit Warrants.
The Election Form is for use by registered TGOD shareholders only (i.e. TGOD shareholders who hold their TGOD shares in their own name) (“Registered TGOD Shareholders“). TGOD shareholders who hold their TGOD Shares through a broker, investment dealer, bank, trust company or other nominee (“Beneficial TGOD Shareholders“) should contact their nominee for instructions and assistance in respect of the election to receive the SpinCo Unit Warrants or, in the case of U.S. Beneficial TGOD Shareholders, their pro rata share of the cash proceeds from the sale of the SpinCo Unit Warrants they are entitled to receive under the Arrangement.
TGOD SHAREHOLDERS WHO DO NOT PROPERLY ELECT ON OR BEFORE THE ELECTION DEADLINE TO RECEIVE THE SPINCO UNIT WARRANTS THEY ARE ENTITLED TO UNDER THE ARRANGEMENT WILL LOSE THEIR RIGHT TO RECEIVE THE SPINCO UNIT WARRANTS.
REGISTERED TGOD SHAREHOLDERS
In order for an election by a Registered TGOD Shareholders to be effective, the Election Form must be validly completed, duly executed and returned to the Tabulation Agent at 100 University Avenue, 8th Floor, Toronto, Ontario, M5J 2Y1, Attention: Corporation Actions or by email of a scanned Election Form to corporateactions@computershare.com by the Election Deadline. The Tabulation Agent can assist Registered TGOD Shareholders in completing the Election Form. U.S. Registered TGOD Shareholders (i.e. Registered TGOD Shareholders with an address of record in the United States) will not receive the Election Form and will instead receive from the Custodian (as defined below), following the effective date of the Arrangement and without any action required on the part of such U.S. Registered TGOD Shareholders, their pro rata share of the cash proceeds from the sale of SpinCo Unit Warrants they were otherwise entitled to receive under the Arrangement, less any commissions, expenses and any applicable withholding taxes. It is anticipated that the SpinCo Unit Warrants will have nominal market value.
BENEFICIAL TGOD SHAREHOLDERS
Beneficial TGOD Shareholders should contact their nominee for instructions and assistance in respect of the election to receive the SpinCo Unit Warrants or, in the case of U.S. Beneficial TGOD Shareholders, their pro rata share of the cash proceeds from the sale of the SpinCo Unit Warrants they are entitled to receive under the Arrangement. Beneficial TGOD Shareholders must make an election through their nominee by the Election Deadline or they will lose their right to receive the SpinCo Unit Warrants or, in the case of U.S. Beneficial TGOD Shareholders, their pro rata share of the cash proceeds from the sale of SpinCo Unit Warrants they are entitled to receive under the Arrangement. Due to default option requirements, Beneficial TGOD Shareholders who hold their TGOD shares through The Depository Trust Company (DTC) will, in addition to the option (i) in the case of non-U.S. Beneficial TGOD Shareholders, to receive the SpinCo Unit Warrants such non-U.S. Beneficial TGOD Shareholder is entitled to receive under the Arrangement or (ii) in the case of U.S. Beneficial TGOD Shareholders, their pro rata share of the cash proceeds from the sale of SpinCo Unit Warrants they are entitled to receive under the Arrangement, be presented with an option to elect to receive nothing, being the default option if such Beneficial TGOD Shareholder fails to elect an option by the Election Deadline.
U.S. SHAREHOLDERS
The SpinCo Unit Warrants to be distributed pursuant to the Distribution will not be registered under the laws of any foreign jurisdiction, including the United States Securities Act of 1933, as amended (the “U.S. Securities Act“). Consequently, NO SPINCO UNIT WARRANTS WILL BE DELIVERED TO ANY REGISTERED OR BENEFICIAL HOLDER OF TGOD SHARES WHO IS, OR WHO APPEARS TO TGOD OR COMPUTERSHARE TRUST COMPANY OF CANADA, AS CUSTODIAN (THE “CUSTODIAN“) TO BE, AN INDIVIDUAL OR ENTITY THAT QUALIFIES AS A U.S. PERSON UNDER APPLICABLE U.S. SECURITIES LAWS (COLLECTIVELY, “U.S. SHAREHOLDERS“). Such SpinCo Unit Warrants will be delivered by TGOD to the Custodian for sale by the Custodian on behalf of all U.S. Shareholders and U.S. Shareholders (and in the case of U.S. Beneficial TGOD Shareholders, electing U.S. Shareholders) will receive from the Custodian their pro rata share of the cash proceeds from the sale of such SpinCo Unit Warrants, less any commissions, expenses and any applicable withholding taxes. It is anticipated that the SpinCo Unit Warrants will have nominal market value.
TAX MATTERS
In general terms, SpinCo Unit Warrants can constitute “qualified investments” under the Income Tax Act (Canada)(the “Tax Act“) as of any particular time if the underlying common shares of SpinCo (“SpinCo Shares“) are listed on a “designated stock exchange” or SpinCo is a “public corporation” for purposes of the Tax Act at the relevant time. However, an application for listing of the SpinCo Shares will NOT be made on any stock exchange on the Effective Date, and there is no assurance when, or if, such SpinCo Shares will be listed on any stock exchange. In addition, SpinCo is not currently a “public corporation” for purposes of the Tax Act. SpinCo has indicated that it will consider its options to become a “public corporation” for purposes of the Tax Act after the Effective Date. If SpinCo becomes a “public corporation” on or before its filing-due date for its first taxation year (whether by achieving listed status for SpinCo Shares on a designated stock exchange or otherwise, including where SpinCo achieves sufficient dispersal and meets the other requirements to make a “public corporation” election under certain provisions of the Tax Act), it has indicated that it intends to make a special election under the Tax Act to be deemed to have been a “public corporation” from the beginning of the year. No assurance is provided that SpinCo will meet the conditions to become a “public corporation” on a timely basis, or at all, or that SpinCo will be in a position to make, or will make, a valid election or elections for purposes of the Tax Act as indicated.
Accordingly, the SpinCo Unit Warrants may not be “qualified investments” under the Tax Act for RRSPs, TFSAs or other registered plans as at the time of issuance, and the Distribution could therefore subject the relevant plan and/or its annuitant or holder to penalties and adverse tax results. These tax results are not addressed in any detail in the Circular, and no representation is made in this regard. TGOD Shareholders who hold TGOD Shares within an RRSP, TFSA or other registered plan should consult with their own tax advisors promptly in this regard and with respect to all relevant treatment under the Tax Act before choosing to elect to receive SpinCo Unit Warrants in accordance with the election process.
Further Information
For additional details respecting the Distribution, the Arrangement and the election process, please refer to the management information circular of the Company dated November 7, 2018, the Company’s news release of January 24, 2019 and the Election Form, a copy of each of which is available under the Company’s SEDAR profile at www.sedar.com, visit the Frequently Asked Questions section here, or contact TGOD’s investor relations team at: invest@tgod.ca or (416) 900-7621.
ABOUT TGOD ACQUISITION CORPORATION
SpinCo is an investment company guided by an investment policy primarily focused on investments in the cannabis industry in Canada and internationally. SpinCo’s investments may include the acquisition of equity, debt or other securities of publicly traded or private companies or other entities, financing in exchange for pre-determined royalties or distributions and the acquisition of all or part of one or more businesses, portfolios or other assets, in each case as SpinCo believes will enhance value for the shareholders of SpinCo in the long term. SpinCo’s board of directors and management team have considerable financial, mergers and acquisitions and cannabis industry experience and will consist of David Doherty, Chief Executive Officer and Director who has transitioned from TGOD, Nick Demare, Chief Financial Officer, and Jeff Scott, Director.
ABOUT THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD.
The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) is a publicly traded, premium global organic cannabis company, with operations focused on medical cannabis markets in Canada, Europe, the Caribbean and Latin America, as well as the Canadian adult-use market. The Company grows high quality, organic cannabis with sustainable, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a planned global capacity of 219,000 kgs and is building 1,643,600 sq. ft. of cultivation and processing facilities across Ontario, Quebec, Jamaica and Denmark.
TGOD’s Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol “TGOD” and “TGOD.WT”, respectively.
Forward-Looking Information Cautionary Statement
This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”). Forward looking statements in this release includes, but is not limited to, statements regarding the Distribution and the Effective Date, statements about future research, development and innovation by the Company, statements about the future legalization of cannabis-infused products in Canada, statements about future research, development and innovation by the Company, statements about future facility construction, statements about the offering of any particular products by the Company in any jurisdiction and statements regarding the future performance of the Company. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of Toronto Stock Exchange) accept responsibility for the adequacy or accuracy of this release.
View original content to download multimedia:http://www.prnewswire.com/news-releases/the-green-organic-dutchman-announces-mailing-of-election-forms-for-spinco-unit-warrants-300790538.html
SOURCE The Green Organic Dutchman Holdings Ltd.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2019/06/c2755.html
on The Green Organic Dutchman Holdings Ltd., please visit www.tgod.ca; Investor Relations, Email: invest@tgod.ca, Phone: 1 (416) 900-7621, www.tgod.caCopyright CNW Group 2019
According to a leaked letter written by the World Health Organization’s Director General (Tedros Adhanom Ghebreyesus) to the UN Secretary-General, marijuana should be rescheduled from the most restrictive categories to less strict categories in all international treaties.
The recommendations in this letter were scheduled to be released publicly last year in December but this didn’t happen for unknown reasons.
According to the recommendations of the expert committee that studied the matter, whole-plant marijuana and marijuana resin should be removed from schedule IV (the most restrictive category) and left in schedule I.
The World health Organization also wants to be categorical and state that any cannabis products that contain less than 0.2 percent THC content aren’t subjected to any international controls. Previously, CBD didn’t appear anywhere in the international treaties that categorize different substances, so it was unclear what the position of the international body was on this substance. The letter now puts this matter to rest.
These recommendations will go to the UN Commission on Narcotic Drugs where 53 nations will cast a vote either to adopt the recommendations or reject them. Several countries, such as China and Russia, are expected to vote against the recommendations due to those countries’ history of being unwilling to see reforms in drugs laws.
However, other countries, such as Uruguay and Canada are certainly going to vote for reclassification, as will other European and South American countries where medical cannabis is legal.
It is harder to predict which way the U.S. vote will go. President Trump is quoted to have said that his administration respects the right of U.S. states to enact and implement their own marijuana laws, but the federal government has been reluctant to reform its own cannabis laws. One will therefore just have to wait and see how the U.S. representative at the UN votes when these recommendations are tabled.
While the recommendations contained in that WHO letter will not create any major legal shockwaves, they do have potentially serious political implications.
For starters, the rescheduling recommendations are a tacit admission that the UN and other world bodies made a grave error to classify marijuana as a substance that has no medicinal value. This decision seems to have been based on political considerations rather than being rooted in scientific data.
Secondly, the recommendations will embolden many countries to pass their own marijuana laws, as has been the case in the dozens of countries around the world that have legalized medical cannabis despite the current classification of marijuana as a substance with no known medical value.
Cannabis Strategic Ventures, Inc. (OTC: NUGS), Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) and the cannabis industry in its entirety are waiting with bated breath to see how events will unfold worldwide once the recommendations of the UN are passed.
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CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
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- Pacific Software is working to facilitate trade between China and Brazil, breaking new ground for the two largest countries on their respective continents
- A newly-announced partnership with a Brazilian trade organization in the Amazon region state of Rondônia is expected to provide an international network for businesses there
- The company’s BOAPIN e-commerce platform is on pace to be completed within the coming weeks, providing a blockchain-based supply management utility
- Pacific Software’s portal and trade platform will also create solutions for smart contracts, digital marketing and digital finance needs
Emerging technology development company Pacific Software Inc. (OTC: PFSF) is building a framework to enhance international trade for South American businesses, beginning in the Amazonian interior of the continent with a newly-announced partnership that will promote ties between a Brazilian trade organization’s members and Chinese markets (http://nnw.fm/QMaT2).
The agreement will allow the 7,500-plus members of the Federation of the Industries of the State of Rondônia (“FIERO”) to enlist as subscribers to Pacific Software’s in-development BOAPIN platform, a cross-border, multifaceted, B2B and B2C e-commerce resource designed to…
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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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- NUGS to benefit from approximately 40 commercial cannabis licenses throughout California
- Company signed letter of intent to partner with a Santa Barbara County grow operation with cultivation sites that are expected to be a critical component of each brand’s supply chain
Drive 400 miles from San Francisco to Los Angeles anytime soon, and you may be passing through Cannabis Strategic Ventures Inc. (OTC: NUGS) land. The Golden State incubator and brand builder is set to benefit from a large batch of licenses awarded in cannabis-friendly communities along the stretch. Recently, NUGS announced that it had signed a letter of intent to partner with a Santa Barbara County grow operation that holds approximately 40 commercial cannabis licenses from the County of Santa Barbara, the California Bureau of Cannabis Control, the Manufactured Cannabis Safety Branch and the CalCannabis Cultivation (http://nnw.fm/g3YEv). This impending deal signals NUGS’ commitment to its strategy of promoting brands to be category leaders in the recreational and medical cannabis sectors. The NUGS management team believes that the cultivation sites will eventually be a critical component of each brand’s supply chain.
In California, the regulatory regime for cannabis, operative since January 16, 2019, is set out in the Medicinal and Adult-Use Cannabis Regulation and Safety Act (“MAUCRSA”). Traversing its tortuous tracks successfully may be possible for only for the…
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Palm Beach, FL – (February 5, 2019) – $5.7 BILLION by next year and $22 BILLION by 2022! That is what the market research firm the Brightfield Group projects, in an article published by the BBC. If anyone has ever wondered who, exactly, is actually buying all of these CBD infused products, here’s the answer. The numbers say that “based on a survey of 5,000 CBD users that Brightfield conducted this summer, millennials were the first to begin buying CBD products after various states legalized it. There’s also a spike in users in their early thirties, but it drops off among people in their early 40s (the Gen X-ers) and then rises again among baby boomers, who are buying tinctures, creams and capsules to use for conditions associated with ageing like arthritis or chronic pain.” Bethany Gomez, the Brightfield Group’s research director goes on to say that: “There’s also a fairly even split between men and women consumers – although Gomez suggests it used to be that more women bought it.” Active Companies from around the market with current developments this week include: Marijuana Company of America, Inc. (OTC:MCOA), Cannabis Strategic Ventures (OTC:NUGS), Aphria Inc. (NYSE:APHA) (TSX:APHA), Medical Marijuana, Inc. (OTC:MJNA), Leafbuyer Technologies, Inc. (OTC:LBUY).
“Cannabidiol, or CBD as it’s better known – a naturally occurring extract of the cannabis sativa plant – is now so ubiquitous in the US, you’d be forgiven for thinking there are few places it’s not available and few ailments it cannot treat. Users say they take it for everything from muscle aches and anxiety to arthritis, epilepsy and Post Traumatic Stress Disorder… and let’s not forget Fido. There’s CBD oil for him too – with added bacon flavor.”
Marijuana Company of America, Inc. (OTCQB:MCOA) BREAKING NEWS: Marijuana Company of America, an innovative hemp and cannabis corporation, is pleased to announce that its wholly owned subsidiary hempSMART™, attended special promotional events for its CBD infused product line during Super Bowl LIII this past weekend. The events included Ray Lewis’s “Ray of Hope” Foundation’s Gold Jacket for a Purpose event, and a special presentation at the Ice Box Club in Atlanta.
A number of professional athletes, NFL coaches, actors, musicians and other persons of interest attended the events, and were given samples of the Company’s hempSMART branded products, including hempSMART™ Brain and hempSMART™ Pain Cream.
Some of the notable attendees were Ray Lewis, Deion Sanders, Andre Reed, Marshawn Lynch, Tyreek Hill, Larry Fitzgerald, Terrell Owens, Candance Parker, Jon Stewart, Andre Reed, Quincy Jones, Malcolm Jenkins, Von Miller, Brandon Marshall, Eddie George, Adrian Peterson, Maroon 5, and the Backstreet Boys.
CEO of MCOA, Donald Steinberg, stated, “Attending the Super Bowl LIII events this past weekend provided a great opportunity for well-known professional athletes and celebrities to discover how amazing and beneficial our products can be for them. MCOA anticipates that the Company will receive added exposure and an increase in brand awareness by exposing well known individuals to our products.”
MCOA is looking forward to continue to obtain brand exposure through its involvement at a pre-Oscar event later this month, where the Company expects to give out hempSMART samples to several Hollywood stars. Read this and more news for MCOA at: https://www.financialnewsmedia.com/news-mcoa/
In the industry developments and happenings in the market this week include:
Cannabis Strategic Ventures (OTCPK: NUGS) On January 30, 2019 the company announced its plan to break ground on a 6-acre canopy cultivation site in Northern California which will be known as The NUGS Farm. Complimentary to this land acquisition, the Company has obtained from the State of California over 20 licenses for cannabis manufacturing, distribution and cultivation.
“Establishing The NUGS Farm and securing these licenses are significant milestones for Cannabis Strategic Ventures. We are proud of what we have accomplished at this stage of the company,” commented Simon Yu, CEO, Cannabis Strategic Ventures. “As the cannabis industry expands, and as we work to make cannabis legal on a federal level, Cannabis Strategic Ventures will be in position to touch on all areas of cannabis production.”
Aphria Inc. (NYSE: APHA) (TSX: APHA) recently announced that it had completed its first transfer of plant cuttings from four of the Company’s cannabis strains to Denmark-based Schroll Medical (“Schroll”), as part of the Company’s previously announced Strategic Partnership (the “Partnership”) with Schroll. The shipment was completed under permits issued by the relevant health authorities, including an export permit from Health Canada, an import permit from the Danish Medicines Agency and a phytosanitary certificate from the Canadian Food Inspection Agency.
“We are pleased to introduce the first four Aphria strains to be produced in Europe, through our strategic alliance with Schroll,” said Hendrik Knopp, Managing Director of Aphria Germany, who is overseeing the Partnership on behalf of Aphria and Schroll. “This marks another important milestone for Aphria as we extend our leadership position in the European market, and it gives me joy to be able to say today that we literally have a good thing growing in Europe.”
Medical Marijuana, Inc. (OTCPK: MJNA) recently announced that it has garnered news coverage in prominent cannabis industry news publication Growers Network. A Jan. 28, 2019, article entitled “Interview with Dr. Stuart Titus, CEO of Medical Marijuana, Inc.” features an interview with Medical Marijuana, Inc. CEO Dr. Stuart Titus discussing the company’s many recent accomplishments and the future of the cannabis industry in 2019 and beyond.
“It is an honor to be featured as a thought leader in the industry and I’m glad that I had the opportunity to help share my knowledge about cannabidiol (CBD) with a new audience,” Titus said. “We hope that more people will begin to understand the many health and wellness benefits of CBD and support our company as we continue to grow and make tremendous progress in making CBD more readily available worldwide.”
Leafbuyer Technologies, Inc. (OTCQB: LBUY) recently announced that its quarterly sales rose 68% in the quarter ending December 31, 2018. The increase reflects the revenue booked in the quarter versus the same quarter of the previous year.
“This announcement of record-setting growth follows the Company’s major industry moves, including the launch of both the Leafbuyer Wallet and Leafbuyer Loyalty, as well as the acquisition of California-based, order-ahead application Greenlight in the last quarter,” said Mark Breen, COO of Leafbuyer. “Our cannabis dispensary and product customers see the exceptional value in the services we offer, and we will continue to diversify our platforms to more thoroughly serve their needs.”
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Cannabis-focused investment and operating firm Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) this morning announced its completion of a subsequent $9.4 million equity investment in portfolio company Canapar Corp. (“Canapar Canada”), the Canadian parent corporation of Italian organic hemp production and processing platform Canapar SrL (“Canapar Italy”). Per the update, this investment aligns with Canopy’s globally-focused growth strategy and is expected to provide the company with an opportunity to capitalize on the rapidly expanding European cannabidiol market. With its most recent investment, Canopy’s ownership position in Canapar Canada has expanded to 49 percent on a non-diluted basis. “Canopy Rivers’ investment in Canapar represents a clear validation of our ability to execute on our strategy and the market opportunity in Europe,” Sergio Martines, CEO of Canapar Italy, stated in the news release. “We expect to leverage this financing to enhance value for all stakeholders in Canapar and we look forward to a long-term partnership with Canopy Rivers.”
To view the full press release, visit: http://nnw.fm/D91rr
About Canopy Rivers Inc.
Canopy Rivers is a unique investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers works collaboratively with Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) to identify strategic counterparties seeking financial and/or operating support. Canopy Rivers has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the emerging cannabis sector. As the portfolio continues to develop, constituents will be provided with opportunities to work with Canopy Growth and collaborate among themselves, which Canopy Rivers believes will maximize value for its shareholders and foster an environment of innovation, synergy and value creation for the entire ecosystem. For more information, visit the company’s website at www.CanopyRivers.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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Pacific Software (OTC: PFSF), an emerging business development technology innovator, revealed earlier this month that its anticipated e-commerce platform for international transactions, BOAPIN, will begin registering new buyers and sellers shortly as it shapes a virtual silk road for trade between China and South America. An article discussing the company reads, “The company is focused on building its virtual Silk Road between China and Brazil, the largest countries on their respective continents but half a world away from each other geographically. China is an increasingly international player (http://nnw.fm/T7nBT), as evidenced by its recent efforts to practically corner the market on critical components in the lithium-ion batteries that power the majority of the world’s computer products.”
To view the full article, visit: http://nnw.fm/mYQi5
About Pacific Software Inc.
Pacific Software (OTC: PFSF) is an emerging development technology corporation positioned for investments, mergers and acquisitions of software technologies and platforms. The company is a designer, developer and commercial distributor of blockchain-based systems. The company intends to be uniquely positioned to deliver B2B and B2C blockchain solutions by utilizing IBM’s Hyperledger Blockchain “Backend as a Service” (BaaS) Infrastructure for two key industries: agriculture, to target farm-to-table beef exports; and opioids/controlled substance management, to create a verifiable and trusted ledger between pharmaceutical manufacturers and consumers. For additional information, please visit www.PacificSoftwareInc.com.
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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POINT ROBERTS, Wash. and DELTA, British Columbia, Feb. 04, 2019 — Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot looking at the future of the retail cannabis market and companies competing for market share.
According to New Frontier Data, there are an estimated 272 million cannabis consumers globally, equivalent to 4% of the world‘s population; and more importantly, these consumers collectively spend approximately $356 billion each year on cannabis across legal and illicit markets.
With all this at stake, cannabis companies are positioning themselves in the retail markets with an acquisition strategy targeting premier retail brands.
In September 2018, Canopy Growth Corporation (TSX: WEED.TO) (NYSE: CGC) announced the closing of the acquisition of Hiku Brands to strengthen their retail and brand portfolio.
“Leaves begin to turn. Canopy adds bold new brands. Ready for retail,” commented Bruce Linton, Chairman & Co-CEO, Canopy Growth. “The Tweed and Vert brands we’ve built are now complemented with the likes of DOJA, Tokyo Smoke, Maitri, and Van der Pop, placing the taste-makers of tomorrow’s cannabis industry on the same team.”
In October 2018, Canopy announced the launch of a new brand for the recreational market in Canada; LBS. The LBS brand slogan – “Worth Its Weight In Gold” – is a reference to the care and quality put into the brand’s products and also to its roots in California, the Golden State.
Talking about the brand, Mark Zekulin, President & Co-CEO said, “Canopy Growth was founded to pursue a ‘house of brands’ strategy in order to be inclusive across multiple demographics and across multiple cannabis markets.”
Using a similar strategy, Green Growth Brands, Inc. (GGB.CN) (GGBXF) plans to grow the world’s premier cannabis retailing business. On January 30th the company announced it executed an arm’s length definitive agreement to acquire control of ZLJT LLC & Arizona Natural Pain Solutions Inc., collectively referred to as “Desert Rose”. Desert Rose holds a license for a vertically-integrated operation in Arizona, including retail, cultivation & infusion (kitchen).
“We were very impressed with the quality of the operations held by Arizona Natural Pain Solutions,” said Green Growth Brands CEO, Peter Horvath. “At Desert Rose, the team is dedicated to providing their customers with medical marijuana products that are pure, safe and efficient, while striving to keep their costs as affordable as possible.”
According to the website, “Green Growth Brands expects to dominate the cannabis and CBD market with a portfolio of emotion-driven brands that people love. Led by Peter Horvath, the GGB team is full of retail and consumer packaged goods experts with decades of experience building successful brands.”
In December 2018, Aurora Cannabis Inc. (TSX: ACB.TO) (NYSE: ACB) announced that it entered into an agreement to invest $10 million in High Tide Inc., a privately held, Alberta-based, retail-focused cannabis and lifestyle accessories company.
High Tide is developing an expanding network across Canada of cannabis and cannabis accessory retail stores, as well as manufacturing and distributing branded cannabis accessories which positions it exceptionally well to capitalize on the Canadian adult-use cannabis industry. Through its two wholesale businesses, Famous Brandz and RGR Canada and the 19 existing Smoker’s Corner retail locations, High Tide serves more than 170,000 retail customers per year.
Getting it right when it comes to retail and branding for the cannabis sector is Curaleaf Holdings (CSE: CURA) (OTCBB: CURLF). Curaleaf is the largest national retail dispensary brand in the US, as well as a premium mainstream cannabis brand available in multiple states and product formats. The company targeted retail channels include: E-commerce (DTC), e-retailers, the natural products/wellness sections of grocery stores and mass merchandisers, high-end spas, pet stores, vape shops, and dispensaries.
Just like any other sector, the cannabis consumer’s brand experience will lead to the success of each company. As they jockey for position, Green Growth Brands (GGB.CN) (GGBXF) is betting on a team that knows the retail market and all about ‘going for the gold’.
For investors following cannabis stocks, Investor Ideas has created a stock directory of publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX Marijuana/Hemp Stocks
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Marijuana edibles were expected to be legalized in Canada within a year of recreational cannabis’ October 2018 kickoff. However, actual sales of edibles are now expected to be delayed in Canada, giving way for California’s surging edibles market to widen the state’s advantage over the country to the north. Despite Canada’s delays, several companies are moving forward with new edible products including Plus Products Inc. (OTC:PLPRF) (CSE: PLUS), Canopy Growth Corporation (NYSE: CGC) (TSX: WEED), MariMed Inc. (OTC: MRMD), The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF), and Tilray, Inc. (NASDAQ: TLRY).Leading the way in California’s blossoming cannabis market, is Plus Products Inc. (OTC:PLPRF) (CSE: PLUS), which is now dominating with 3 of the Top 5 cannabis products in Q4—and 4 of the top 10. According to BDS Analytics, during Q4, PLUS also had 3 of the best-selling branded products in all product categories including flower, vaporizers, edibles and topicals. PLUS “Uplift” and PLUS “Restore” remained the #1 and #2 best-selling SKUs. PLUS “CBD Relief” was the #5 best-selling SKU, and the top CBD-only SKU according to BDS analytics.
All three of these products are “gummies”, which at 30% is the largest edible segment by market share. However, the second largest edibles segment is baked goods. In December, Plus Products Inc. (OTC:PLPRF) (CSE: PLUS) acquired California-based cannabis-infused baked goods brand GOOD CO-OP, INC., whose first product, the GOOD brownie, is a modern twist on the classic pot brownie made with high-quality ingredients and uniform product consistency.
BDS Analytics holds the potential for cannabis-infused edible products in very high regard. In a recent report, the research firm projected sales in the edibles market to surpass $4.1 billion by 2022. Cowen Research asserts that the US cannabis market as a whole is expected to be $75 billion by 2030.
“Our objective at PLUS is to build the world’s strongest cannabis brand. When we became the top edibles brand in the largest cannabis market (California) in the third quarter of 2018, our team felt that it was only one more step in a much larger journey,” said Jake Heimark, CEO of Plus Products Inc. “We are proud that we have not only maintained, but continued to grow our position as the market leader in Q4. We hope to continue this momentum into 2019 not only in California, but in other jurisdictions as well.”
Unfortunately for Canadians, they may have to wait longer for entries such as Plus Products Inc. (OTC:PLSPF) (CSE: PLUS) to hit their shelves. While edibles in Canada don’t require a new law to be passed, the government needs to publish final regulations. Prime Minister Justin Trudeau’s pot czar Bill Blair is hoping to complete that by the Oct. 17th target, however there could be a delay of weeks, even months—giving California a longer sales advantage in comparison.
California: Land of Product Innovation
At this stage of legalization, California is surging way ahead of the pack as the largest and most important cannabis market in the world, including Canada. In comparison, the entire country of Canada is only expected to yield $2.7 billion in 2019 legal sales.
Since adult-use legalization in California began in January 2018, its edibles market is trending upwards much like it did in longer established legal markets such as Colorado and Oregon. Over the course of its long history since legalizing medical marijuana, California has grown its product selection to more than 250 brands of edibles.
As edibles have positively trended in California, so has the trajectory of Plus Products Inc. (OTC:PLPRF) (CSE: PLUS)—a premiere edibles manufacturer, known for its cannabis gummies. In Q2 2017, PLUS was ranked #43 in California, with less than 0.5% market share of the edible cannabis product market. Flash forward less than 2 years, and the company now has 3 of the best-selling branded products in all product categories, including flower, vaporizers, edibles and topicals.
Between Q2 17 and Q3 18, Plus Products Inc. (OTC:PLPRF) (CSE: PLUS) increased its market share 24x, and grew to dominate 9.89% of the crucial California market. The company has grown its revenue to a $10 million run rate, with growth coming every month—and now it’s expanding its operations into more states. By introducing a CBD-only gummie, Plus Products Inc. (OTC:PLPRF) (CSE: PLUS) has plans to release an offering nation wide.
“We are grateful to the California consumers who have made PLUS the leading cannabis product in California, the largest and most competitive cannabis market in the world,” said CEO, Jake Heimark. “This has been a big year for Plus Products as we expand our portfolio and look to broaden our geographic reach and we remain committed to offering our customers products they can trust that provide consistent experiences in delicious formats.”
A Lesson in Organic Growth
Since its launch, Plus Products Inc. (OTC:PLPRF) (CSE: PLUS) has grown its presence in California from #43 to #1 in near-record timing. The company has done this without a major marketing campaign, nearly all organically.
All products under the PLUS brand are made with high-quality ingredients and produced in the Company’s dedicated 12,000-foot, food-safe cannabis manufacturing facility in Adelanto, California, staffed with chemists and food scientists. The company now sells to over 200 licensed dispensaries and delivery service customers, through a distribution partner.
Behind the company has been the very capable minds at Tiger Global Management—a hedge fund known for turning small companies in rapidly growing industries into multi-billion-dollar businesses. One recent example of Tiger’s success, was the build out of an e-cigarette product known as JUUL. In 40 months since Tiger’s involvement of the story, JUUL was grown to the point where tobacco giant Altria paid $12.8 billion for a 35% interest in the company—giving JUUL a $38 billion value. This is one of many Tiger successes that could possibly be replicated through the PLUS brand story.
The PLUS brand is currently made out of its current 12,000 sf manufacturing facility in Adelanto, CA, which has an annual production capacity of $50 million. The next order of business will be to significantly expand its food manufacturing square footage and overall revenue potential. The upgrades, along with increased market recognition should give PLUS brands a distinct advantage moving forward.
Further Edibles Market Developments
Canopy Growth Inc. (TSX: WEED) (NYSE: CGC)
Canopy Growth set the cannabis sector on fire after signing a strategic partnership deal with leading liquor branding company Constellation Brands. Together, the goal was to develop packaged goods, specifically in edibles and beverages. The partnership expects to remain a world-leading brand, through offering several products from foods, drinks, to even pet products.
MariMed Inc. (OTC: MRMD)
MariMed’s specialty is in designing, building and leasing medical cannabis production facilities to its clients. The company consults these clients, assisting them as they expand their businesses and obtain necessary licensing. In-house, MariMed also distributes its own cannabis products, including Kalm Fusion and Betty’s Eddies. Its subsidiary iRollie also provides custom product and packaging for companies in the cannabis industry.
The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF)
In late January, The Green Organic Dutchman Holdings reiterated its commitment to the edible cannabis, extracts and topicals market, citing Deloitte’s survey noting that 60% of Canadians plan to purchase cannabis edibles. On its previously announced 287,245 sq ft purpose-built Valleyfield facility TGOD will be capable of producing 40,000 kgs of premium organic cannabis, to be dedicated to its Beverage Division.
Tilray, Inc. (NASDAQ: TLRY)
In mid-January, licensed producer Tilray Inc. signed a deal with Authentic Brands Group (the US company behind brands such as Juicy Couture, Aeropostale and Nine West) to develop and sell co-branded consumer cannabis products globally, with items expected to hit U.S. and Canadian shelves within the next year. Tilray is initially paying US$100 million in cash and stock, or up to $250 million depending on certain milestones. In exchange, Tilray received 49% of the net revenue from these products bearing names from ABG’s portfolio of more than 50 brands, with a minimum guaranteed payment of up to US$10 million annually for 10 years.
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Pressure BioSciences Inc. (OTCQB: PBIO), a leader in the development and sale of pressure-based instruments, consumables and related services for the global life sciences industry, today announced that its president and CEO, Richard T. Schumacher, was featured on the Uptick Newswire Stock Day Podcast with Everett Jolly. During the interview, Schumacher discussed the company’s recently-announced collaboration with NutraFuels Inc., the commercial launch of its BioPharmaceuticals contract services business and the publication of over 20 scientific papers on PBIO’s unique pressure-based products throughout 2018.
“We are a time-tested company with patents, products, a tremendous customer base, an expanding market, and increasing sales,” Schumacher stated in the interview. “We have struggled a bit over the past few years for a number of different reasons, but we believe we are past that now and on the road to success. Our three pressure-based technology platforms have been vetted by key opinion leaders globally, we have a number of leading scientists in the world who are using our various products, and we expect increased revenue in 2019 from our two new platform technologies (Barofold and UST). We believe that PBIO shareholders have much to be excited about going forward.”
To listen to the full interview, visit http://nnw.fm/xiZ1j
To view the full press release, visit: http://nnw.fm/13gNZ
About Pressure BioSciences Inc.
Pressure BioSciences, Inc. is a leader in the development and sale of innovative, broadly enabling, pressure-based solutions for the worldwide life sciences industry. The company’s 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). PBIO’s 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 its pressure-based technologies in the following areas: (1) the use of its recently acquired PreEMT technology from BaroFold, Inc. to allow entry into the biologics contract research services sector, and (2) the use of its 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. For more information, visit the company’s website at www.PressureBiosciences.com
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- Leader in technological innovation and world-class customer service
- Launched Netevia in-app payments software development kit
- Focused on the creation of a unified global transaction acceptance ecosystem
In a fiercely competitive environment, Net Element Inc. (NASDAQ: NETE) stands out for its technological innovation and world-class customer service. Specializing in mobile payments and value-added transactional services, the company has set itself apart as one of the fastest-growing companies in North America, according to Deloitte’s 2017 Technology Fast 500 and the South Florida Business Journal. This one-stop, omni-channel processing solution provides over 100 payment solutions. In North America, NETE’s transactions revenues rose over 17 percent year-over-year. Through the combination of organic growth, global merchants and innovative services, the company is positioned for continued expansion.
The company recently announced (http://nnw.fm/gPe6q) the launch of the Netevia in-app payments software development kit (SDK). The platform makes it possible for developers and hardware manufacturers to process payments with existing consumer-facing applications. The Netevia SDK is a feature-ready, multichannel platform that allows developers to build a secure, payment-card industry (PCI) and cryptocurrency-compliant experience for the user that simplifies payments through a single integration point.
Bain & Company predict that the global Internet of Things (IoT) market will reach $510 billion by 2021. When combined with Cisco’s estimate that more than 50 billion devices will be connected to the internet, it becomes clear that Netevia has a huge opportunity to reach a rapidly expanding market. The all-in-one platform, easy set-up and real-time reporting are only some of the features listed at www.Netevia.com.
According to Statista, worldwide mobile payment volume is expected to surpass $1 trillion in 2019. NETE is setting the standard for the industry while focusing on the creation of a unified global transaction acceptance ecosystem. The company believes that, by understanding consumer behavior and the needs of merchants, it can effectively power global commerce and equip clients to conduct business worldwide.
To achieve this goal and maintain its competitive edge, NETE is strategically focused on continued investment in core technology, new product offerings (such as the Netevia SDK), allocating resources and expertise to grow in commerce and payments segments, strategic acquisitions, continued improvement and operational excellence.
For more information, visit the company’s website at www.NetElement.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.
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NEW YORK, Feb. 01, 2019 — via CannabisNewsWire – CannabisNewsAudio announces the Audio Press Release (APR) titled “Outside Investment, New Technology Support Growing Cannabis Industry,” featuring Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP).
To hear the CannabisNewsAudio version, visit: http://cnw.fm/uXf6S
To read the full editorial, visit: http://cnw.fm/H3q7r
DehydraTECH transforms the situation by seriously reducing the downsides of eating cannabis.
The technology involves combining active ingredients with fatty acids such as those found in sunflower oil, which provide a protective bond, with a patented dehydration process. The molecules within the fatty acids are believed to keep active ingredients away from bitter taste receptors, significantly reducing their unpleasant flavor, thus vastly reducing the need to disguise them with sugar. Low-calorie edibles that taste great are possible!
This process makes cannabis edibles, which are already healthier than smoking the drug, far more appealing and better value for money. This has led to deals such as Lexaria’s licensing of DehydraTECH to Nuka for use in its cannabis-infused chocolates.
About Lexaria Bioscience Corp.
Lexaria Bioscience has developed and out-licenses its disruptive delivery technology that promotes healthier ingestion methods, lower overall dosing and quicker onset of lipophilic active molecules. Lexaria has ten patents granted in the United States and Australia, and has filed over 50 patent applications worldwide across 10 patent families. Lexaria’s technology provides more rapid delivery to the bloodstream, as well as important taste-masking benefits for orally administered bioactive molecules including cannabinoids, vitamins, nonsteroidal anti-inflammatory drugs (NSAIDs), nicotine and other molecules. For more information, visit the company’s website at www.LexariaBioscience.com.
About CannabisNewsWire (CNW)
CannabisNewsWire (“CNW”) is a specialized information service that (1) aggregates cannabis news, (2) provides CannabisNewsBreaks that quickly updates investors in the space, (3) enhances corporate press releases, (4) helps companies with distribution and optimization of social media, and (5) delivers comprehensive corporate communication solutions. CNW is uniquely positioned in the cannabis market with a strong team of journalists and writers who can help private and public companies reach a wide audience of investors, consumers, journalists and the general public through our ever-growing dissemination network of more than 5,000 key syndication outlets. CNW is bringing unparalleled visibility, recognition and content to the cannabis industry.
For more information please visit https://www.CannabisNewsWire.com
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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.
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TORONTO, Feb. 1, 2019 – The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX: TGOD) (US: TGODF) is providing a detailed construction update on its domestic Valleyfield and Hamilton operations where significant progress has been made towards the completion of both facilities. TGOD recently identified a need for design modifications during the construction process. As a result of learnings, the engineering design improvements enable optimized facility throughput which, together with organic specific modifications, provide a forecasted domestic productive capacity increase from 156,000 kg to 202,500 kgs. The recently improved designs are being implemented in phases to leverage efficiencies and further learnings from each prior phase, with the objective of achieving best in class results.
The updated construction plan requires an additional three months for start-up in Valleyfield and increased capital expenditures of approximately $30 million for the completion of the structures. These incremental expenditures for the larger processing facility, along with operating system improvements, resulting in the increased capacity, will be phased in over time and are expected to be funded from operational cashflow.
TGOD is pleased to note the Growers Circle launch remains on schedule with first shipments of premium, certified organic cannabis arriving to medical patients across the country this month.
“Not only have we addressed the important redesign requirements, we have also made significant improvements to the operating capacity and capital timing of our facilities, resulting in an additional 46,500 kgs of productive capacity,” said Brian Athaide, CEO of TGOD. “This allows us to bring additional product to both Canadian consumers and global markets. We are also excited to supply our first patients in the Growers Circle with premium organic cannabis this month, generating our first domestic revenues.”
VALLEYFIELD
- Original Plan:
- Phase 1 Hybrid Greenhouse and Processing facilities: 820,000 sq ft; 102,000 KG capacity, ramp up in H2 2019
- Phase 2 hybrid greenhouse: 287,245 sq ft, 40,000 kg, 2020
- Combined Facilities: 1,107,245 sq. ft. capable of producing 142,000 kg
- Revised Plan:
- Phase 1a Hybrid Greenhouse: 289,000 sq ft; 65,000 KG capacity, Q4 2019
- Phase 1a Central Processing facility for all phases: 443,000 sq ft; Q4 2019
- Phase 1b Hybrid Greenhouse: 289,000, sq ft; 65,000 kg capacity, 2020
- Phase 2 Hybrid Greenhouse: 289,000 sq. ft.; 55,000 kg, 2021
- Combined Facilities: 1,310,000 sq. ft. capable of producing 185,000 kgs
By optimizing original design and operating parameters and increasing automation, TGOD estimates it will increase productive capacity by approximately 30%, resulting in an increase of 43,000 kgs of annual production from the total Valleyfield site. TGOD will split its Phase 1 into two parts with the first twelve flowering rooms representing an annual capacity of 65,000 kgs coming online in Q4 2019. Construction crews will then shift focus to phase 1b of another twelve rooms with production ramp-up in 2020 to provide annual capacity of an additional 65,000 kgs. Applying similar upgrades to phase 2 with production ramp-up in 2021 will deliver an additional capacity of 55,000 kgs. This updated plan will now provide a combined output of 185,000 kgs from Valleyfield resulting in significant additional annual revenue potential. Additionally, the processing facility is being upgraded and optimized to handle the combined output and be scalable for future potential additional production efficiencies from Valleyfield.
“We have run a detailed cost-benefit analysis on Valleyfield’s enhanced strategy,” commented Athaide. “The benefits of the additional production capacity on a phased basis are substantial and far outweigh the extension to the production schedule and additional capital cost. We will utilize our learnings from the design review and progress to date in each phase and continue to strive to achieve efficient and low-cost organic production.”
Valleyfield Construction began in January 2018 on the 2,700 sq. ft. breeding facility. In April 2018 this facility was completed, and in June 2018 received a cultivation license.
Please view the latest construction update video for Valleyfield here.
HAMILTON
- Original Plan:
- Combined facilities: 150,000 sq. ft. capable of producing 14,000 kgs
- Timeline: Completion H1, 2019
- Revised Plan:
- Combined facilities: 166,000 sq. ft. capable of producing 17,500 kgs
- Timeline: Completion end Q2, 2019
Similar to Valleyfield, TGOD has modified major systems from the original design and re-engineered the entire harvesting process to increase production uptime and facility throughput, resulting in increased productive capacity from 14,000 kgs to 17,500 kgs. Vertical grow systems will be installed in vegetative rooms increasing available flowering space and product matrix variability. Three level vegetation gives TGOD the plant counts needed to support increased flowering space and cycles and provides flexibility in multi-strain production planning. The facility redesign and improvements will require an additional two months to complete construction of the hybrid greenhouse which has now been extended to end of Q2, 2019. The Company has grown and successfully harvested multiple crops in its pilot facility and stored product for its imminent medical pilot launch, commencing with the Growers Circle this month. TGOD continues to work with the city of Hamilton and the Local Planning Appeal Tribunal (“LPAT”) on the zoning by-law amendment for the hybrid greenhouse and anticipates a positive outcome.
Please view the latest construction update video for Hamilton here.
On Behalf of the Board of Directors,
The Green Organic Dutchman Holdings Ltd.
About The Green Organic Dutchman Holdings Ltd.
The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) is a publicly traded, premium global organic cannabis company, with operations focused on medical cannabis markets in Canada, Europe, the Caribbean and Latin America, as well as the Canadian adult-use market. The Company grows high quality, organic cannabis with sustainable, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a planned global capacity of 219,000 kgs and is building 1,643,600 sq. ft. of cultivation and processing facilities across Ontario, Quebec, Jamaica and Denmark.
TGOD’s Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol “TGOD” and “TGOD.WT”, respectively.
For more information on The Green Organic Dutchman Holdings Ltd., please visit www.tgod.ca.
Forward-Looking Information Cautionary Statement
This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”). Forward looking statements in this release includes, but is not limited to, statements about the outcomes of zoning appeals in Hamilton, statements about future research, development and innovation by the Company, statements about future facility construction and capital costs, statements about production timing, efficiencies, capacities and ramp-up, statements about future production, revenue and cashflows, statements about the offering of any particular products by the Company in any jurisdiction and statements regarding the future performance of the Company. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
