Posted by AGORACOM-JC
at 4:02 PM on Tuesday, March 31st, 2020
SPONSOR: CardioComm Solutions (EKG: TSX-V)
– The heartbeat of cardiovascular medicine and telemedicine. Patented
systems enable medical professionals, patients, and other healthcare
professionals, clinics, hospitals and call centres to access and manage
patient information in a secure and reliable environment.
‘Smart’ devices help reduce adverse outcomes of common heart condition
mHealth devices, such as fitness trackers, smart watches and mobile phones, may enable earlier AF detection, and improved AF management through the use of photoplethysmography (PPG) technology
AF is the most common heart rhythm disturbance, affecting around one million people in the UK. People with AF are at increased risk of having a stroke and dying, as well as heart failure and dementia
A new study, published in the Journal of the American College of Cardiology,
highlights the feasible use of mobile health (mHealth) devices to help
with the screening and detection of a common heart condition.
Atrial fibrillation (AF) is a heart rhythm condition that causes an
irregular and sometimes, abnormally fast heart rate. In AF, the heart’s
upper chambers (atria) contract randomly and sometimes so fast that the
heart muscle cannot relax properly between contractions. This reduces
the heart’s efficiency and performance—but also leads to a higher risk
of blood clots.
AF is the most common heart rhythm disturbance, affecting around one
million people in the UK. People with AF are at increased risk of having
a stroke and dying, as well as heart failure and dementia. Currently,
low detection due to lack of visible symptoms and non-adherence are
major problems in current management approaches for patients with
suspected AF.
Photoplethysmography technology
mHealth devices, such as fitness trackers, smart watches
and mobile phones, may enable earlier AF detection, and improved AF
management through the use of photoplethysmography (PPG) technology.
PPG is a simple and low-cost optical technique that can be used to
detect blood volume changes in the microvascular bed of tissue. It is
often used non-invasively to make measurements at the skin surface.
To help determine whether a mHealth technology-supported AF
integrated management strategy would reduce AF-related adverse events,
compared to usual care, an international team of researchers, led by
Associate Professor Guo from Chinese PLA General Hospital in Beijing,
and Professor Gregory Lip, Lead for the Liverpool Centre for
Cardiovascular Science (LCCC)/Price-Evans Chair of Cardiovascular
Medicine at University of Liverpool, conducted a randomised trial.
Central to the study was mobile health technologies developed by
leading global technology companies, with a focus on using wearable
smart devices such as those from Huawei, working in conjunction with a
specially developed mobile app. These pieces of equipment and software
can monitor a person’s vital signs with great detail and, most
importantly for this study, 24 hours a day.
The specially designed mobile app
not only charted the patient’s biometrics, it afforded clinicians the
ability to offer integrated care throughout the duration of the trial.
Doctors were able to periodically assess the patient’s updated
statistics and contact them through the app to offer advice via the ABC
care pathway. The ABC pathway, developed in part by the LCCS’ Professor
Gregory Lip, is a set of guidance for patients and clinicians, which
aims to promote a streamlined holistic approach to the management of AF, and ensure that the danger of complications is minimised.
The researchers enrolled a cluster of 3,324 AF patients aged over 18
years from 40 cities across China. The patients were randomized with
1678 receiving usual care and 1646 receiving integrated care based on a
mobile AF Application (mAFA) incorporating the ABC Pathway: ‘A’ Avoid
stroke; ‘B’ Better symptom management; ‘C’ Cardiovascular and other
comorbidity risk reduction. All patients were followed up in outpatient
clinics at 6 and 12 months.
Results
Upon completion of the study, the researchers were able to show that
occurrences of stroke, systemic thromboembolism, death and
rehospitalisation were significantly lower with those patients in the
mHealth intervention group compared to those undergoing usual care (1.9%
compared with 6%). Rehospitalisation rates were also notably reduced,
with only 1.2% of patients in the intervention group needing to be
readmitted to hospital, in comparison to 4.5% of patients in the control
group.
In addition to these positive figures, subgroup analyses by gender,
age, type of condition, risk score and comorbidities, demonstrated
consistently lower risks for the composite outcome for patients
receiving the mAFA intervention compared to usual care.
These results show an undeniable benefit for the adoption of an
integrated approach to monitoring and treating cardiac conditions such
as AF.
With smart technologies such as phones, watches and integrated smart
home systems becoming increasingly accessible and affordable, the
ability for clinicians and researchers to adopt this technology to
passively and unobtrusively gather a seemingly unlimited amount of data
and information on the global health population is offering boundless
opportunity for assessing and treating all manner of diseases and
conditions.
Integrated care approach
Associate Professor Guo, said: “Our study clearly highlights the need
for an integrated care approach to holistic AF care, supported by
mobile health technology, as it help to reduce the risks of
rehospitalisation and clinical adverse events.”
Professor Lip, said: “Improved AF care requires early detection which
enables the implementation of the priorities of AF management, which is
as ‘easy as ABC’: Avoid stroke; Better symptom optimisation;
Cardiovascular and risk factor management. Our clinical trial shows how
the mAFA App and smart devices can improve detection of AF and the
holistic management of AF patients, improving outcomes in this common
heart rhythm disorder.”
Posted by AGORACOM-JC
at 12:09 PM on Tuesday, March 31st, 2020
SPONSOR: BetterU Education Corp.
aims to provide access to quality education from around the world.
The company plans to bridge the prevailing gap in the education and job
industry and enhance the lives of its prospective learners by
developing an integrated ecosystem. betterU / Ottolearn launch FREE
COVID-19 mobile resource toolkit to fight the global crisis – Click here for more information.
The coronavirus pandemic is reshaping education
The International School of Monza is part of the world’s biggest educational technology (edtech) experiment in history
With 1.5 billion students out of school and hundreds of millions attempting to learn solely online, the experiment will reshape schools, the idea of education, and what learning looks like in the 21st century
On Sunday, Feb. 23rd, rumors started that schools in the Lombardy
region of Italy—the country’s economic powerhouse—might close. Confirmed
cases and deaths from the new coronavirus were soaring. The healthcare
system was teetering, and Italy had to dramatically change course in a
bid to halt the virus. By evening, the region was in lockdown.
Within 24 hours, Iain Sachdev, principal at the International School of Monza, had organized his teachers and filmed a short video clip
for students, faculty, and parents. School would open at 9am on
Tuesday, he said. Be patient, he implored. Taking a school online in 24
hours was a massive feat which would be messy. Everyone would be
learning.
Five weeks later, the school is still running—unfamiliar in many
ways, identical in others. Teachers teach via video conferencing every
day. Kids participate using Padlet, a virtual post-it note system that
lets students share ideas; and Flipgrid, which lets teachers and
students create short videos to share. Students do individual work,
group work, and confer with teachers when needed. Sachdev has overhauled
the schedule from 50-minute units to longer blocks. Teachers no longer
use email, but Microsoft Teams.
The International School of Monza is part of the world’s biggest educational technology (edtech) experiment in history. With 1.5 billion students
out of school and hundreds of millions attempting to learn solely
online, the experiment will reshape schools, the idea of education, and
what learning looks like in the 21st century. The pandemic is forcing
educators, parents, and students to think critically, problem-solve, be
creative, communicate, collaborate and be agile. It is also revealing
that there is another way.
“It’s a great moment†for learning, says Andreas Schleicher,
head of education at the OECD. “All the red tape that keeps things
away is gone and people are looking for solutions that in the past they
did not want to see,†he says. Students will take ownership over their
learning, understanding more about how they learn, what they like, and
what support they need. They will personalize their learning, even if
the systems around them won’t. Schleicher believes that genie cannot be
put back in the bottle.
“Real change takes place in deep crisis,†he says. “You will not stop the momentum that will build.â€
But as tech connects people in their homes, its limitations for
learning are on display for all the world to see. The crisis has cast a
bright light on deep inequalities not just in who has devices and
bandwidth, which are critically important, but also who has the skills
to self-direct their learning, and whose parents have the time to spend
helping. It is a stark reminder of the critical importance of school not
just as a place of learning, but of socialization, care and coaching,
of community and shared space—not things tech has hacked too well.
The pandemic is giving tech massive insights at scale as to what
human development and learning looks like, allowing it to potentially
shift from just content dissemination to augmenting relationships with
teachers, personalization, and independence. But the way it is has been
rolled out—overnight, with no training, and often not sufficient
bandwidth—will leave many with a sour taste about the whole exercise.
Many people may well continue to associate e-learning with lockdowns,
recalling frustrations with trying to log on, or mucking through
products that didn’t make sense.
“This may be a short-term commercial opportunity for some vendors,
says Nick Kind, senior director at Tyton Partners, an investment banking
and strategy consulting firm focused on education. “But for this to
become transformational for teachers and learners, you wouldn’t have
wanted to start this way.â€
When the storm of the pandemic passes, schools may be revolutionized
by this experience. Or, they may revert back to what they know. But the
world in which they will exist—one marked by rising unemployment and
likely recession—will demand more. Education may be slow to change, but
the post-coronavirus economy will demand it.
Equity
Moving the world’s students online has starkly exposed deep
inequities in the education system, from the shocking number of children
who rely on school for food and a safe environment, to a digital divide in which kids without devices or reliable internet connections are cut off from learning completely.
According to OECD data, in
Denmark, Slovenia, Norway, Poland, Lithuania, Iceland, Austria,
Switzerland and the Netherlands, over 95% of students reported having a
computer to use for their work. Only 34% in Indonesia did. In the US,
virtually every 15-year-old from a privileged background said they had a
computer to work, but nearly a quarter of those from disadvantaged
backgrounds did not. These divides will likely worsen, as staggering job
losses and a recession devastate the most marginalized in every
society, including all their kids.
Schools face a difficult choice: if they don’t teach remotely, all of
their students miss out on months of curriculum. If they do, a sizable
group of already disadvantaged students will be left out and will fall
even farther behind.
The gap between students isn’t limited to internet access; it’s also
about the power and privilege of parents. “If you are called to duty
right now as a nurse or delivery person, you have no time for
homeschool,†says Heather Emerson, managing director for IDEO’s
design for learning group. And not every parent has the level of
digital literacy necessary to help their kids shift to online learning.
Schleicher says that his optimism for technology uptake is paired
with pessimism about what this means for equity. Those from privileged
backgrounds will find the tools they need, through parents or tutors or
their better-resourced schools. But those from disadvantaged backgrounds
will face multiple challenges, from the bottom of Maslow’s hierarchy to
the top: food and shelter, which school helped to provide, connections
to support children’s learning, and a lack of financial buffers to carry
a family through.
“It is clear that this will not reach everyone and it’s not just a
matter of access to devices,†he says. “If you don’t know how to learn
on your own, if you don’t know how to manage your time, if you don’t
have any intrinsic motivation, you won’t be very successful in this
environment.â€
The OECD is one of many organizations advocating to increase access
to open free, online educational resources and digital learning
platforms for teachers and students. For schools to succeed, teachers
will also need access to training and support.
Meanwhile, the crisis is highlighting the role schools play outside
of education. At a moment when schools need to adapt how they teach,
many are consumed with how to feed their students. Gwinnett County,
Georgia, one of the largest school districts in the US, is feeding
90,000 students a day. “It’s a prime example of how schools have become
not just learning institutions, but the heart of the social fabric of
America,†Emerson says.
She argues that coronavirus offers an opportunity to see clearly all
that teachers are asked to do. That includes everything from meeting the
latest state standards, implementing district priorities, mastering new
technology platforms, and caring for the physical and emotional well
being of their students. She suggests that schools can free up teachers
to do more learning.
“What can we do to liberate teachers to focus on their craft?†she
said. “And shouldn’t we pay them wages that match the magnitude of
their roles they play in our lives?â€
Indeed, the pandemic has woken people up to the challenges of
teaching and focused some attention on another equity gap: that of pay
for teachers. After one day of home schooling in the US, Twitter lit up
with calls for teachers to be paid more than investment bankers.
Classrooms
Many schools were woefully unprepared to move online overnight. Those
that were ready may hold clues for the promise, and pitfalls, of
e-learning.
Students at the International School of Monza all had MacBooks; last
August, all teachers were given them too. Sachdev is aware that as an
independent school, it was fortunate to have everyone equipped to learn
online. But he also said there were still a lot of pieces that had not
been pulled together. “We had the systems in place but we never really
used them,†he said.
Julia Peters, who teaches economics and individuals and societies at
the International School of Monza, says being forced online has allowed
her to moved to a more “flipped classroom†in which students do more
learning about basic skills and knowledge at home, via videos or
platforms, and then come to school online to do work together. “That
way, when they come into the classroom we can work on the higher level
skills such as analysis and evaluation,†she says. It’s not a new idea
at all, but circumstances are forcing adoption.
Another positive, Peters says, is that software like Microsoft Teams
allows her to see her students as they are writing. That allows for
real-time feedback, rather than waiting for the work to be completed.
She has also found ways of reaching struggling students. Her Grade 7
students are preparing an essay on beliefs, in which they “choose a
debatable question†and research it. “While they are independently
researching and creating a presentation, I can call a weaker student to a
private call and quietly work with them giving them the extra support
they need,†she says. That would be harder in a noisy classroom.
And some students who shied away from participation are stepping up.
“The quieter, more introverted students can participate more because
they are not being seen by their peers,†says Peters.
Naima Charlier, director of teaching and learning at the Nord Anglia
International School Hong Kong, says moving everyone online has had
plenty of challenges but also has increased teacher confidence around
technology and e-platforms. “There’s a massive energy about how to do
this incredibly different and difficult thing as well as we possibly
can,†she says. Teachers are trying and adjusting and sharing at warp
speed what works and what doesn’t.
Sachdev agrees. “Teachers share far more than they normally world,â€
he said. “Every single teacher can see what others are doing, which
isn’t how things typically work.â€
No such silver linings exist for the millions of students who can’t
get online, or whose schools and teachers do not have the resources to
even experiment with e-learning. Depending on how long the pandemic
lasts, governments may be forced to find creative ways to get more kids
learning.
Technology
What happens to education technology after the coronavirus pandemic
fades will rest in part on the quality of the tech itself. Not everyone
is optimistic.
HolonIQ, a market intelligence firm for the education market, poses
questions twice a year to a panel of more than 2,000 global education
executives and investors across public and private institutions and
firms, from pre-kindergarten to lifelong learning. In its most recent survey,
half of ed tech firms said they were pessimistic about whether the
coronavirus pandemic would make things better or worse in the short
term.
“There’s a discussion now about how this is a golden era for ed tech,
for digital transformation, but more than 50% of ed tech is saying that
over the short term, it’s worse or substantially worse off as an
organization,†said Patrick Brothers, co-CEO of HolonIQ.
Meanwhile, 91% of educational institutions say they will be worse, or substantially worse off in the short term.
Schleicher, from the OECD, said the pandemic will expose how ed tech
has largely failed to do what would be most powerful: leverage the
relationship between teacher and learner.
“The big question for me is will we develop an ed tech solution that
capitalizes on the relationship between students and teachers, as
opposed to just broadcasting stuff,†he says. “I think if we want to
give this any chance of success for large numbers of students and
learners, the teacher is going to be absolutely key,†especially in the
younger years such as primary schools. Pair good teachers, who coach and
facilitate, with good content and good tech, and the sky is the limit.
Adaptive, interactive, science-based learning platforms may start to
take hold—especially for those using the opportunity of a crisis to
help, rather than build market share. Starting in early February,
Century Tech, an AI-driven learning platform for schools, made its platform free for all schools who need it. By March, it had expanded the offering to include all students who needed it, too.
Today, the British-based Century
is giving training and access to its platform, which combines
neuroscience and AI to individualize learning, to schools in 17
countries, including China, Vietnam, South Korea, Japan, the UK, Nigeria
and Georgia. Founder Priya Lakhani says anyone who wants it can use it.
“This is why we do what we do, and if we can help we should,†she says.
Innovations are abounding, but not in a coordinated manner. Saku Tuominen founded Finnish nonprofit HundrED
five years ago, to research education innovations from over 150
countries. In those five years it has studied 5,000 such innovations and
packaged 1,164 on its website, with ideas for everything from
creativity, to the environment, to “forest schools.†Two weeks ago, HundrED pivoted to work full time
on coronavirus. It is in the process of selecting from its library
simple innovations that have the potential to work in many places in a
home learning environment. One example: the Global Oneness Project,
an interactive community series about storytelling in which filmmakers
and photographers share their work and explain how stories can connect
people.
HundrED is following up with those innovators to see how they are
adapting them for the crisis. On April 3rd, a curated list of resources
will be released; on the 7th, webinars will be available to train
educators. “There is not a lack of tools,†Tuominen said. But he
believes there is aren’t enough ways for the best ideas to be shared.
Beyond tech
So far, coronavirus has offered a stark reminder of the very human
nature of schools. Peters, from the International School of Monza, has
leapt into online learning, but cannot wait to get back into her
building. “Being online, I don’t think you really get a true sense of
whether a student is really engaged and properly understanding,†she
said. Tech hasn’t solved that most basic of things. “I look forward to
the social interaction with the students.â€
Sachdev says it has been so hard for teachers to be removed from
their students and from each other because teaching is such a human
endeavor. “None of us are used to smart working,†he said.
His school’s own journey shows the power of community, along with
agile learning. In the first week, he and his team focused on providing
seven hours of online learning. By week three, they eased up, freeing up
more time for one-on-one and small group support, as well as offline
projects. They responded and adapted.
By weeks four and five, a small number of members of the school
community were ill or had died. Students had lost loved ones. The school
pivoted again. “It’s not about academics,†Sachdev said. “It’s all
about wellbeing for students and parents, and managing that from afar.â€
Posted by AGORACOM-JC
at 9:39 AM on Tuesday, March 31st, 2020
Signed a letter of intent with Heather Marianna, LLC parent company of (“Beauty Kitchenâ€)
The Board of Directors of Primo have approved, in principle, a proposal to acquire and raise funding in respect of its interests in the “Beauty Kitchen” projects into a newly incorporated subsidiary
Beauty Kitchen is a company that manufactures fresh handmade beauty care, personal care, and cosmetics products, which was born from the hugely popular Beauty Kitchen YouTube series
VANCOUVER, British Columbia, March 31, 2020 – PRIMO NUTRACEUTICALS INC. (CSE: PRMO) (OTC: BUGVF) (FSE: 8BV) (DEU: 8BV) (MUN: 8BV) (STU: 8BV) (“Primo” or the “Company”) is pleased to announce that it has signed a letter of intent (“LOIâ€) with Heather Marianna, LLC parent company of (“Beauty Kitchenâ€) a Nevada company. The Board of Directors of Primo have approved, in principle, a proposal to acquire and raise funding in respect of its interests in the “Beauty Kitchen” projects into a newly incorporated subsidiary.
Beauty Kitchen proposes a transaction whereby its management team
(and affiliates) incorporates a Canadian corporation, tentatively called
“Marianna, Inc.†to receive exclusive Canadian distribution rights to
its CBD infused and non-CBD infused products in handmade beauty care,
personal care, and cosmetic products. Primo will acquire ownership
interest of a minimum of 25% in the newly incorporated subsidiary.
Beauty Kitchen is a company that manufactures fresh handmade beauty
care, personal care, and cosmetics products, which was born from the
hugely popular Beauty Kitchen YouTube series. Founder and CEO, Heather
Marianna, skyrocketed in popularity with the launch of her Beauty
Kitchen YouTube series in 2012 where she showcased simple,
do-it-yourself beauty recipes made with common kitchen household
ingredients. The series generated a powerful following of more than 4
million viewers.
The Company plans to reorganize its operating divisions along with
the closing of the acquisition and financing for its subsidiary. It is
proposed that the transaction may be carried within a statutory plan of
arrangement (the “Spin-Out“) pursuant to the Business Corporations Act (British Columbia) under the “reorganization exemption†under the Securities Act.
The Plan of Arrangement will be subject to the approval of Primo’s
shareholders which Primo intends to seek at a special meeting of
shareholders (the “Shareholders’ Meeting“). The date
for the Shareholders Meeting has not yet been determined. The
transaction may be subject to rules of The Canadian Stock Exchange (“CSE“) approval and any Plan of Arrangement requires approval by Court Order of the British Columbia Supreme Court.
The Parties intend to draft and execute a definitive agreement (the “Definitive Agreementâ€)
with detailed terms as soon as practicable, and complete this
Transaction on or before April 30, 2020. Terms of the LOI are subject to
change as set out in the Definitive Agreement.
Andy Jagpal, President Comments:
“This LOI is our second step into the growing CBD and Natural
Health market. Primo’s vision and strategy is to acquire a minority
interest in companies like Beauty Kitchen and Thrive as our growth
strategy in 2020 and beyond. These two brands along with Primo’s will
enter this fledgling Natural Health & CBD market with an online
presence as well as retail one too. We are very excited about the value
this partnership will bring to the company and its shareholders.â€
About Beauty Kitchen Beauty Kitchen is a company
that manufactures fresh handmade beauty care, personal care, and
cosmetics products, which was born from the hugely popular Beauty Kitchen YouTube series.
The founder, Heather Marianna, a bubbly social media personality,
translated her passion for looking and feeling her absolute best into
the development of her all-natural beauty and skincare product line.
Beauty Kitchen’s founder and CEO, Heather Marianna, skyrocketed in
popularity with the launch of her Beauty Kitchen YouTube series in 2012
where she showcased simple, do-it-yourself beauty recipes made with
common kitchen household ingredients. The series generated a powerful
following of more than 4 million viewers. Beauty Kitchen is regularly featured in: Forbes,
The Source, MTV, Bravo, The New York Post, People, Flipsnack, Vegas,
Star Magazine, Radar Online and many more media outlets with a large
following of celebrities who use their products which include; Sean
“Puffy†Combs, Christina Milian, David Arquette, George Lopez, Larissa
Lima, Shark Tank’s Barbara Corcoran, Candace Cameron, Jen Harley, Lou
Ferrigno, The Real Housewives of Beverly Hills and others. For more information visit: www.beautykitchenonline.com
About Primo Nutraceuticals Primo Nutraceuticals
Inc. (“Primo” or the “Company”) provides strategic capital to the
thriving cannabis cultivation sector through ownership and development
of commercial real estate and farm friendly properties. Primo is
dedicated to funding the rapid growth in production, processing, retail
and branding of cannabis and cannabis related products in Canada and the
United States. Primo has invested in several brands and is pursuing
partnerships with retailers and distribution companies in Canada and the
United States. Primo’s management is in the process of building a
corporate road map to further vertically integrate the Company,
specifically by way of “Primo†branded retail outlets – offering
“Thrive,” “Primo,” and a selection of curated partner brands. The
Company possesses proprietary formulas for cannabis edibles, topical,
and tinctures. Primo is focused on building a strong presence in the
hemp industry with the objective of extracting and selling cannabinoids
(CBD) products in both Canada and the United States.
On behalf of the Board of Directors
PRIMO NUTRACEUTICALS INC.
“Andy Jagpalâ€
President and Director
For further information, please contact Zoltan, IR Representative at: 604-722-0305, or; [email protected].
To learn more about what this news means to the shareholders visit
FORWARD LOOKING STATEMENTS: This news release
contains certain forward-looking statements within the meaning of
Canadian securities laws. Forward-looking statements are based on the
expectations and opinions of the Company’s management on the date the
statements are made. The assumptions used in the preparation of such
statements, although considered reasonable at the time of preparation,
may prove to be imprecise and, as such, undue reliance should not be
placed on forward-looking statements. The Company 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.
No regulatory authority has approved or disapproved the information contained in this news release.
Tags: CBD, covid19, Hemp, Marijuana, stocks Posted in PRIMO Nutraceuticals Inc. | Comments Off on Primo Nutraceuticals Inc. $PRMO.ca Signs LOI to enter in to Funding and Share Purchase Agreement for 25% with Beauty Kitchen (Canada) $CROP.ca $VP.ca NF.ca $MCOA
Posted by AGORACOM-JC
at 5:09 PM on Monday, March 30th, 2020
SPONSOR: CardioComm Solutions (EKG: TSX-V)
– The heartbeat of cardiovascular medicine and telemedicine. Patented
systems enable medical professionals, patients, and other healthcare
professionals, clinics, hospitals and call centres to access and manage
patient information in a secure and reliable environment.
The Tech That Could Be Our Best Hope for Fighting COVID-19—and Future Outbreaks
“The connectivity we have today gives us ammunition to fight this pandemic in ways we never previously thought possible,†says Alain Labrique, director of the Johns Hopkins University Global -mHealth Initiative.
Battling a pandemic as serious as COVID-19
requires drastic responses, and political leaders and public-health
officials have turned to some of the most radical strategies available.
What began with a lockdown of one city in China quickly expanded to the
quarantine of an entire province, and now entire countries including
Italy. While social isolation and curfews are among the most effective
ways to break the chain of viral transmission, some health experts say
it’s possible these draconian measures didn’t have to become a global
phenomenon. “If health officials could have taken action earlier and
contained the outbreak in Wuhan, where the first cases were reported,
the global clampdown could have been at a much more local level,†says
Richard Kuhn, a virologist and professor of science at -Purdue
University.
The key to early response lies in looking beyond centuries-old
strategies and incorporating methods that are familiar to nearly every
industry from banking to retail to manufacturing, but that are still
slow to be adopted in public health. Smartphone apps, data analytics and
artificial intelligence all make finding and treating people with an
infectious disease far more efficient than ever before.
“The connectivity we have today gives us ammunition to fight this
pandemic in ways we never previously thought possible,†says Alain
Labrique, director of the Johns Hopkins University Global -mHealth
Initiative. And yet, to date, the global public–health response to
COVID-19 has only scratched the surface of what these new containment
tools offer. Building on them will be critical for ensuring that the
next outbreak never gets the chance to explode from epidemic to global
pandemic.
Consider how doctors currently detect new cases of COVID-19. Many
people who develop the hallmark symptoms of the -disease—fever, cough
and shortness of breath—-physically visit a primary-care doctor, a
health care provider at an urgent-care center or an emergency room. But
that’s the last thing people potentially infected with a highly
contagious disease should do. Instead, health officials are urging them
to connect remotely via an app to a doctor who can triage their symptoms
while they’re still at home.
“The reality is that clinical brick-and-mortar medicine is rife with
the possibility of virus exposure,†says Dr. Jonathan Wiesen, founder
and chief medical officer of MediOrbis, a telehealth company. “The
system we have in place is one in which everyone who is at risk is
potentially transmitting infection. That is petrifying.†Instead, people
could call a telemedicine center and describe their symptoms to a
doctor who can then determine whether they need COVID-19
-testing—without exposing anyone else.
In Singapore, more than a million people have used a popular
telehealth app called -MaNaDr, founded by family physician Dr. Siaw Tung
Yeng, for virtual visits; 20% of the physicians in the island country
offer some level of service via the app. In an effort to control
escalating cases of coronavirus there, people with symptoms are getting
prescreened by physicians on MaNaDr and advised to stay home if they
don’t need intensive care. Patients then check in with their telehealth
doctor every evening and report if their fever persists, if they have
shortness of breath or if they are feeling worse. If they are getting
sicker, the doctor orders an ambulance to take those people to the
hospital. Siaw says the virtual monitoring makes people more comfortable
about staying at home, where many cases can be treated, instead of
flooding hospitals and doctors’ offices, straining limited resources and
potentially making others sick. “This allows us to care across
distance, monitor patients across distance and assess their progression
across distance,†says Siaw. “There is no better time for remote care
monitoring of our patients than now.â€
Other at-home devices and services currently being used in the U.S.
allow patients to measure dozens of health metrics like temperature,
blood pressure and blood sugar several times a day, and the results are
automatically stored on the cloud, from which doctors get alerts if the
readings are abnormal.
Telemedicine also serves as a powerful communication tool for keeping
hundreds of thousands of people in a specific region up to date with
the latest advice about the risk in their communities and how best to
protect themselves. That can go a long way toward reassuring people and
preventing panic and runs on health centers and hospitals.
Beyond individual-level care, the data gathered by telemedicine
services can be mined to predict the broader ebb and flow of an
epidemic’s trajectory in a population. In the U.S., Kaiser Permanente’s
tele-medicine call centers are now also serving as a bellwether for an
anticipated surge in demand for health services. Dr. Stephen Parodi,
national infectious–disease leader at Kaiser Permanente, was inspired by
a Google project from a few years ago in which the company created an
algorithm of users’ flu–related search terms to determine where clusters
of cases were mounting. Parodi started tracking coronavirus–related
calls from the health system’s 4.5 -million members in Northern
California in February. “We went from 200 calls a day to 3,500 calls a
day about symptoms of COVID-19, which was an early indicator of
community–based transmission,†he says. “Our call volume was telling us
several weeks before the country would have all of its testing online
that we have got to plan for a surge in cases.â€
Tags: EKG, mhealth, small cap stocks, stocks Posted in All Recent Posts, CardioComm Solutions | Comments Off on The Tech That Could Be Our Best Hope for Fighting #COVID19 —and Future Outbreaks – SPONSOR: CardioComm Solutions $EKG.ca – $ATE.ca $TLT.ca $OGI.ca $ACST.ca $IPA.ca
Posted by AGORACOM-JC
at 1:52 PM on Monday, March 30th, 2020
Currently working with various agencies within the United States Government on the mass amount of social media surrounding #coronavirus and #covid19
First contract with clients is a pilot for $25,000 USD
It was signed on March 12th, 2020 and has a duration of one month
TORONTO, March 30, 2020 — Datametrex AI Limited (the “Company†or “Datametrexâ€) is pleased to share that Company is currently working with various agencies within the United States Government on the mass amount of social media surrounding #coronavirus and #covid19. We will provide greater detail on the work we are doing once it is completed and our clients approve it for public dissemination.Â
The Company wishes to provide further details to this release as
requested by IIROC. This first contract with our clients is a pilot for
$25,000 USD. It was signed on March 12th, 2020 and has a duration of one
month. The clients contacted Datametrex after witnessing the technology
at a NATO working group presentation highlighting Nexalogy’s work on
#fakenews and #disinformation in the Canadian Federal Elections. This
Pilot represents a major milestone for the Company as it is the natural
progression to potentially expand into the US market, specifically the
US Government.
“We are thrilled to be working with the US Government on this very important issue. We recently completed work for Democracy Labs on #disinformation in social media regarding #covid19 and #Coronavirus and secured a relationship with Carnegie Mellon University IDeaS.
Both announcements assisted in getting Nexalogy in front of the
Government Agencies for this current opportunity in the United States.
The solid foundation we have built over the past years with our Canadian
Government clients like DRDC, the Canadian Military and NATO have
positioned Datametrex to be able to provide military grade solutions for
todays social media challengesâ€, says Marshall Gunter CEO of Datametrex
AI.
About Datametrex AI Limited
Datametrex AI Limited is a technology focused company with exposure
to Artificial Intelligence and Machine Learning through its wholly owned
subsidiary, Nexalogy (www.nexalogy.com).
Additional information on Datametrex is available at: www.datametrex.com
For further information, please contact:
Marshall Gunter – CEO Phone: (514) 295-2300 Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-Looking Statements
This news release contains “forward-looking information” within
the meaning of applicable securities laws. All statements contained
herein that are not clearly historical in nature may constitute
forward-looking information. In some cases, forward-looking information
can be identified by words or phrases such as “may”, “will”, “expect”,
“likely”, “should”, “would”, “plan”, “anticipate”, “intend”,
“potential”, “proposed”, “estimate”, “believe” or the negative of these
terms, or other similar words, expressions and grammatical variations
thereof, or statements that certain events or conditions “may” or “will”
happen, or by discussions of strategy.
Readers are cautioned to consider these and other factors,
uncertainties and potential events carefully and not to put undue
reliance on forward-looking information. The forward-looking information
contained herein is made as of the date of this press release and is
based on the beliefs, estimates, expectations and opinions of management
on the date such forward-looking information is made. The Company
undertakes no obligation to update or revise any forward-looking
information, whether as a result of new information, estimates or
opinions, future events or results or otherwise or to explain any
material difference between subsequent actual events and such
forward-looking information, except as required by applicable law.
Posted by AGORACOM-JC
at 12:16 PM on Monday, March 30th, 2020
SPONSOR:Â BetterU Education Corp. aims to provide access to quality education from around the world. The company plans to bridge the prevailing gap in the education and job industry and enhance the lives of its prospective learners by developing an integrated ecosystem. betterU / Ottolearn launch FREE COVID-19 mobile resource toolkit to fight the global crisis – Click here for more information.
Coronavirus: How tech companies are fighting against the pandemic – Edtech brands step in
The Coronavirus pandemic has tech players helping in key areas including donating essential equipment, providing cloud solutions, filling in for shut down schools and everything in between.
At this point in time, neither the Coronavirus nor
the damage it has done to the world needs an introduction. Affecting
over 190 countries around the world, the pandemic has brought most
industries to a complete standstill. In countries like Italy, Spain and
the USA, everything but essential services is on hold. A similar
situation has recently hit India.
However, despite the global slowdown, there are brands that are still
working. Working not just in their respective fields, but in new
avenues, aiming to curb the disease or help those fighting against it.
Tech brands across the globe are using their resources for the greater
cause. Let’s have a closer look at how companies are making a difference
in India.
Smartphone brands to the rescue
Smartphone brands probably have a closer connect with the public than
other tech companies. Popular brands like Xiaomi and Vivo have taken
steps to improve the ongoing situation in India. Vivo recently donated a large number of N95 masks for doctors and healthcare professionals. Xiaomi
went ahead and also provided hazmat suits to the brave doctors who deal
with many coronavirus patients on a daily basis. Oppo also announced
recently that it has donated 300,000 masks to affected countries apart
from China.
Customers in need not abandoned
There are also companies that are extending their warranties and
customer-centric services through the lockdown period in India. Brands
like Oppo, OnePlus, Realme
and Huawei have extended their warranties. Moreover, despite manpower
hitting an all-time low, brands are continuing to offer real-time
support via email, chat and more. Service centers are still running, and
brands are adopting measures like only taking in four customers at a
time. Huawei is also providing doorstep repair services for users of the
Huawei Watch GT series in India.
There are also leaders who are using their resources to help countries in need. For instance, Alibaba founder Jack Ma
sent out a shipment of 1 million masks and 500,000 coronavirus testing
kits. The billionaire recently took to Twitter to let people know that
the first shipment was on its way to the USA. The Jack Ma foundation
also announced in January that it will donate 100 million yuan ($14
million) to support the research and development of a coronavirus
vaccine.
Cloud computing – The pandemic’s unsung heroes?
Most countries depend on various websites to keep things running.
These include e-commerce platforms that are on war-footing, delivering
groceries and other essential items. There are also OTT platforms
including Netflix and Amazon Prime Video that people are using at a much
higher rate due to them staying at home. Most of these websites and
domains are running efficiently and catering to a large population like
that of India because of well-run cloud computing.
Players like Google Cloud, Amazon Web Services
(AWS) and Microsoft Azure are making the shift from personal to virtual
possible. “We have taken measures to prepare and we are confident we
will be able to meet customer demands for capacity in response to
COVID-19,†said an AWS spokesperson to CRN. Microsoft meanwhile
is prioritizing its cloud services to first responders and emergency
services. This means that even if the scale of the Coronavirus pandemic
grows larger, Microsoft has partnered with governments across the world
to support critical infrastructure and emergency management services on
priority.
Google is prepared, should Coronavirus make things worse
Meanwhile, Google also has been prepared for unseen circumstances like these. In a recent Google Cloud
blog post, the company mentioned that “peak traffic to Google services
including cloud, increased by up to 16 percent between February 10 and
March 16 in Europeâ€. Further, it also mentioned that despite the shift
from enterprise-grade office networks to people’s personal networks, the
company has surplus computational resources. As per the post, in
locations like the US, Google is utilizing only 25 percent to 33 percent
of its total capacity during peak hours during the Coronavirus
pandemic. That still leaves 75 percent to 66 percent of resources to
allocate in these regions.
How are e-commerce players in India keeping up
Since March 24, Amazon
and Flipkart, India’s largest online retailers, restricted customers
from placing orders. Amazon mentioned that it would prioritize the
delivery of ‘critical’ items like household staples, packaged food,
healthcare, hygiene, and personal safety products. “This also means that
we have to temporarily stop taking orders, and disable shipments, for
lower-priority products,†wrote the company in a blog post.
Many Amazon customers also reported that their ‘non-essential‘ orders placed before March 24 were canceled as well. Meanwhile, Flipkart
started the Coronavirus lockdown by ceasing all operations. It later
started operating after a few hours only for grocery and essentials
deliveries.
Edtech brands step in
Back in November 2016, digital payments became mainstream in India
over the course of a single night. That was the consequence of India’s
Demonetisation. Now, popular Edtech platforms in India are temporarily
filling in for schools. Taking the opportunity, Edtech platforms Byju’s
made all its learning platforms free till April end. Applicable for
students from class 1 to 12, the platform will help kids stay on track
with the syllabus.
Rival Toppr also offered free access to its live, video classes for
school kids till March 31. The company also said that free sessions will
be further extended if schools can’t reopen after March. Meanwhile,
Unacademy announced 20,000 free live classes for people preparing for
various entrance exams. “We want learners to utilize this time…We will
support the education system in every way possible to weather the
storm,†said Gaurav Munjal, co-founder, and CEO of Unacademy.
Tags: COVID-19, edtech, india, online education Posted in betterU Education Corp | Comments Off on #Coronavirus: How tech companies are fighting against the pandemic – #Edtech brands step in – SPONSOR: BetterU Education Corp. $BTRU.ca $ARCL $CPLA $BPI $FC.ca
Posted by AGORACOM-JC
at 11:01 AM on Monday, March 30th, 2020
Work will continue with respect to activities in which social distancing and best health practices can be observed, such as developing the new PUREVAP™Â Silicon Metal Nano Reactor, (PUREVAP™Â SiNR).
MONTREAL, March 30, 2020 — HPQ Silicon Resources Inc. (“HPQâ€Â or the “Companyâ€) TSX-V: HPQ; FWB: UGE; Other OTC : URAGF; would like to inform shareholders that in response to the ongoing Coronavirus (COVID-19) outbreak, HPQ and its partners PyroGenesis in Montreal, and Apollon in France, and suppliers are respecting the health and safety of employees by encouraging employees to isolate, and work from home as much as possible.  Given the severity of the outbreak and continuing uncertainty regarding the duration and business impact of the virus, the start of the Gen3 Pilot Plant commissioning and testing program is being postponed until further notice. However, work will continue with respect to activities in which social distancing and best health practices can be observed, such as developing the new PUREVAP™Â Silicon Metal Nano Reactor, (PUREVAP™Â SiNR).
BATTERY INDUSTRY INTEREST IN HPQ CONTINUES TO REMAIN STRONG
Despite the current circumstances, battery industry participants
continue to inquire and demonstrate strong interest in our future
upstream production capabilities. Specifically, we are seeing
meaningful interest in using our PUREVAP™ RRQ Silicon Metal (Si) as feed stock to manufacture:
So much so that, as soon as possible once the COVID-19 business interruption ends, our primary focus will be on manufacturing sufficient quantities of material to deliver samples to battery manufacturers and research centres. Only once these goals have been attained will we re-deploy assets to the Gen3 Pilot Plant commissioning and testing program. This is the level of importance of this initiative.
“The COVID-19 outbreak, possible recession and low oil prices
don’t change the long-term cyclical movement of the Renewable Energy
Revolution (“RERâ€). HPQ is building a portfolio of unique High Value
Silicon Metal products needed for the RER and the short-term business
interruption we are experiencing has no bearing on the long-term
potential of what we are doing. The continued interest in HPQ
from the battery industry despite COVID-19 interruptions provides
unequivocal evidence of this,†said Bernard Tourillon, President and CEO HPQ Silicon. “Interest in the potential for Silicon Metal’s potential to contribute to energy storage demand is undeniable and generating massive investments, as well as, serious industry interest. This was true before the COVID-19 outbreak and will be true after.â€
About Silicon Metal
Silicon Metal (Si) is one of today’s strategic material needed to
fulfil the renewable energy revolution presently under way. Silicon does
not exist in its pure state; it must be extracted from quartz (SiO2),
in what has historically been a costly and energy intensive process.
About HPQ Silicon
HPQ Silicon Resources Inc. (TSX-V: HPQ) is developing, with PyroGenesis Canada Inc.(TSX-V: PYR), a high-tech company that designs, develops, manufactures and commercializes plasma – based processes, the innovative PUREVAP™ “Quartz Reduction Reactors†(QRR),
a process (patent pending), which will permit the One Step
transformation of Quartz (SiO2) into High Purity Silicon (Si) at reduced
costs, energy input, and carbon footprint that will propagate its
considerable renewable energy potential.
HPQ, working with PyroGenesis, is also developing the PUREVAP™ Silicon Metal Nano Reactor (SiNR).
This is a proprietary process that uses different purities of Silicon
Metal (SI as feedstock), melts them into liquid Si that can then be
synthesized into the Spherical Silicon Metal Nano Powders and Nanowires
necessary for the next generation of Lithium-ion batteries. During
2020, the plan is to validate our game changing manufacturing approach
by upgrading our existing Gen2 PUREVAP™QRR reactor into a PUREVAP™SiNR to produce spherical Silicon Metal (Si) nano-powders and nanowires samples for industry participants and research institutions’.
Concurrently, HPQ is also working with industry leader Apollon Solar to develop a manufacturing capability that uses the High Purity Silicon (Si) made with the PUREVAP™
to make Porous silicon wafers needed for solid-state Li-ion batteries.
We expect that the first Silicon wafer should be ready to be shipped
for testing to a battery manufacturer (under NDA) in 2020.
The focus of HPQ focus is to become the lowest cost producer of
Silicon Metal (Si), High Purity Silicon Metal (Si), Spherical Si
nano-powders and silicon-based composites for next-generation
lithium-ion batteries, Porous Silicon Wafers for Solid states batteries
and Porous Silicon Powders for Li-ion batteries.
This News Release is available on the company’s CEO Verified Discussion Forum, a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders.
Disclaimers:
The Corporation’s interest in developing the PUREVAP™ QRR and any
projected capital or operating cost savings associated with its
development should not be construed as being related to the establishing
the economic viability or technical feasibility of any of the Company’s
Quartz Projects.
This press release contains certain forward-looking statements,
including, without limitation, statements containing the words “may”,
“plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”,
“expect”, “in the process” and other similar expressions which
constitute “forward-looking information” within the meaning of
applicable securities laws. Forward-looking statements reflect the
Company’s current expectation and assumptions and are subject to a
number of risks and uncertainties that could cause actual results to
differ materially from those anticipated. These forward-looking
statements involve risks and uncertainties including, but not limited
to, our expectations regarding the acceptance of our products by the
market, our strategy to develop new products and enhance the
capabilities of existing products, our strategy with respect to research
and development, the impact of competitive products and pricing, new
product development, and uncertainties related to the regulatory
approval process. Such statements reflect the current views of the
Company with respect to future events and are subject to certain risks
and uncertainties and other risks detailed from time-to-time in the
Company’s on-going filings with the security’s regulatory authorities,
which filings can be found at www.sedar.com. Actual results, events, and
performance may differ materially. Readers are cautioned not to place
undue reliance on these forward-looking statements. The Company
undertakes no obligation to publicly update or revise any
forward-looking statements either as a result of new information, future
events or otherwise, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this
release.
For further information contact Bernard J. Tourillon, Chairman, President and CEO Tel (514) 907-1011 Patrick Levasseur, Vice-President and COO Tel: (514) 262-9239 http://www.hpqsilicon.com Email: [email protected]
Posted by AGORACOM-JC
at 9:21 AM on Monday, March 30th, 2020
At a time when established Cannabis stocks are struggling due to an inability to actually deliver real businesses, Hollister Biosciences (HOLL:CSE) has been quietly building a real business, products, revenue and customers in 220 of California’s 600 dispensaries …. and growing, including California’s #1 hash infused pre-roll “Hashbone”. Â
If that was all Hollister had going, they’d be in great shape with a super bright future and better than most Cannabis companies (small and large) who can’t even get product out the door. Â
BUT THERE’S MORE – THE $20,000,000 ACQUISITION THAT COMES WITH $CDN 16.4M REVENUE & $CDN 2.48M EBITDA Â
Hollister has closed their purchase of Venom Extracts, one of Arizona’s largest producers of Award-Winning Medical Cannabis Distillate. Just how good is Venom? In 2019, Venom generated $CDN 16.4M in revenue and $CDN 2.48M EBITDA in 2019 … and all of that was just from the state of Arizona. Â
In this amazing interview, Venom Founder Jake Cohen discusses Venom’s aggressive plans to expand its brand and success into other states, including California as it benefits from Hollister’s distribution into 220 dispensaries. Right now, some of you may be thinking, “yeah but everybody thinks they are going to expand” …. but Jake’s words, as well as those of Alex Somjen (President) and Carl Saling (CEO) are backed up by action.  Â
Specifically, a significant chunk of Venom’s acquisition shares kicks in if/when revenues hit $CDN 30,000 and $CDN 40,000 …. by December 31, 2021. In my experience, companies joining forces don’t include such terms if there isn’t a reasonable expectation for hitting those numbers. It doesn’t guarantee it but you can bet they have good reason to believe Venom sales will get to one or both of those numbers in just 21 months from now. Â
If you’re looking for Cannabis companies that are going to survive and thrive over this next decade, then grab your favourite beverage and watch this great interview with Carl Saling, Alex Somjen and Jacob Cohen.
Posted by AGORACOM-JC
at 7:23 AM on Monday, March 30th, 2020
Company is currently working with various agencies within the United States Government on the mass amount of social media surrounding #coronavirus and #covid19
“We are thrilled to be working with the US Government on this very important issue. We recently completed work for Democracy Labs on #disinformation in social media regarding #covid19 and #coronavirus and secured a relationship with Carnegie Mellon University IDeaS…”
TORONTO, March 30, 2020 — Datametrex AI Limited(the “Company†or “Datametrexâ€) is pleased to share that the Company is currently working with various agencies within the United States Government on the mass amount of social media surrounding #coronavirus and #covid19. We will provide greater detail on the work we are doing once it is completed and our clients approve it for public dissemination.Â
“We are thrilled to be working with the US Government on this very important issue. We recently completed work for Democracy Labs on #disinformation in social media regarding #covid19 and #coronavirus and secured a relationship with Carnegie Mellon University IDeaS.
Both announcements assisted in getting Nexalogy in front of the
Government Agencies for this current opportunity in the United States.
The solid foundation we have built over the past years with our Canadian
Government clients like DRDC, the Canadian Military and NATO have
positioned Datametrex to be able to provide military grade solutions for
todays social media challengesâ€, says Marshall Gunter CEO of Datametrex
AI.
About Datametrex AI Limited
Datametrex AI Limited is a technology focused company with exposure
to Artificial Intelligence and Machine Learning through its wholly owned
subsidiary, Nexalogy (www.nexalogy.com).
Additional information on Datametrex is available at: www.datametrex.com
For further information, please contact:
Marshall Gunter – CEO Phone: (514) 295-2300 Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-Looking Statements
This news release contains “forward-looking information” within
the meaning of applicable securities laws. All statements contained
herein that are not clearly historical in nature may constitute
forward-looking information. In some cases, forward-looking information
can be identified by words or phrases such as “may”, “will”, “expect”,
“likely”, “should”, “would”, “plan”, “anticipate”, “intend”,
“potential”, “proposed”, “estimate”, “believe” or the negative of these
terms, or other similar words, expressions and grammatical variations
thereof, or statements that certain events or conditions “may” or “will”
happen, or by discussions of strategy.
Readers are cautioned to consider these and other factors,
uncertainties and potential events carefully and not to put undue
reliance on forward-looking information. The forward-looking information
contained herein is made as of the date of this press release and is
based on the beliefs, estimates, expectations and opinions of management
on the date such forward-looking information is made. The Company
undertakes no obligation to update or revise any forward-looking
information, whether as a result of new information, estimates or
opinions, future events or results or otherwise or to explain any
material difference between subsequent actual events and such
forward-looking information, except as required by applicable law.
Posted by AGORACOM-JC
at 7:18 AM on Monday, March 30th, 2020
This highly accretive acquisition strengthens Hollister’s brand portfolio and broadens its distribution footprint across multiple states positioning Hollister to transform into an industry leader in 2020 and beyond
Venom Extracts reports having generated over CDN$16.4 million in revenue and over CDN$2.5 million in EBITDA from its product line of cannabis concentrates and cartridges.Â
VANCOUVER, March 30, 2020Â –Hollister Biosciences Inc.(CSE: HOLL, FRANKFURT: HOB, OTC: HSTRF) (the “Company” or “Hollister“), a diversified cannabis branding company with products in 220 dispensaries throughout California, is pleased to announce that further to the signing of the definitive agreement, as amended (the “SEA“), the Company has now closed its transformational acquisition of Venom Extracts (“Venom Extracts“), a leading Arizona cannabis extract brand and one of the state’s largest producers of award-winning medical cannabis distillate and related products (the “Transaction“).
HIGHLY ACCRETIVE $20,000,000 ACQUISITION, ADDING OVER CDN$16.4 MILLION OF 2019 REVENUE
For the year ended December 31, 2019, management of Venom Extracts reports having generated over CDN$16.4 million in revenue and over CDN$2.5 million
in EBITDA from its product line of cannabis concentrates and
cartridges. Venom Extract’s management also reports a strong start to
2020 and is anticipating record Q1 revenue.
The all-stock purchase price of approximately CDN$20,000,000
represents a transaction multiple of 1.2x 2019 revenue, with
approximately 70% of the consideration paid upfront and the
approximately 30% balance to be paid upon milestone achievements related
to revenue targets for Venom Extracts, or in any event, on December 31, 2021. After conducting normal course due diligence, the Transaction closed effective March 24, 2020 (the “Closing Date“).
KEY TERMS OF THE TRANSACTION:
Pursuant to the terms of the SEA, the Company has acquired Venom Extracts for consideration of CDN$20,000,145.20 which is to be satisfied by the issuance of 70,390,672 Hollister common shares (the “Payment Shares“) on the Closing Date pro rata to the shareholders of Venom Extracts and an additional 29,610,054 common shares (the “Earn-Out Shares“)
to certain former shareholders of Venom Extracts on the earlier of (i)
Venom Extracts reaching certain revenue milestones (detailed below), or
(ii) December 31, 2021.
The Payment Shares and the Earn-Out Shares will be issued at a deemed value of CDN$0.20 per share;
The Payment Shares are subject to certain voluntary hold periods
with 90% of the Payment Shares being subject to hold periods as follows:
15% until May 25, 2020; and an additional 15% every six months until November 25, 2022;
The Earn-Out Shares will be issued on the earlier of (i) December 31, 2021, or (ii) when and if the following milestones have been met:
19,740,036 Earn-Out Shares will be issued when revenue of Venom Extracts reaches CDN$30,000,000 (calculated in accordance with IFRS from January 1, 2020); and
An additional 9,870,018 Earn-Out Shares will be issued when revenue of Venom Extracts reaches CDN$40,000,000 (calculated in accordance with IFRS from January 1, 2020).
“We are extremely pleased to complete this transformational and highly accretive acquisition”, shared Carl Saling, Founder and CEO of Hollister Biosciences Inc. “Our acquisition of Venom Extracts bolts on substantial revenue and EBITDA to Hollister, while providing Venom Extracts the ability to expand its offering of premium branded product into the California marketplace. Likewise, our acquisition also allows Hollister to introduce its products into the Arizona and Nevada marketplaces through Venom Extracts’ existing distribution channels.”
“This is an exciting acquisition and we are very pleased to announce closing”, shared Jacob Cohen, Founder of Venom Extracts. “This transaction represents the next step in ensuring the future growth of both Hollister and Venom Extracts. We are looking forward to increasing our geographic presence by expanding into the California marketplace through Hollister’s existing platform, and exploring expansion of our existing product portfolio collectively.”
In association with the acquisition, Hollister will not
be assuming any long-term debt, a new control position will be created
and there is no change in management, or the board of directors of Hollister being contemplated at this time.
In connection with the Transaction, the Company issued 6,000,000 common shares (the “Finder Shares“) to an arm’s length third party finder at a deemed price of $0.20
per Finder Share. The Finder Shares are subject to a statutory hold
period of four months and a day from the Closing Date which expires July 25, 2020.
This press release is available on the Company’s CEO Verified Discussion Forum, a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders.
None of the securities to be issued pursuant to the Transaction have
been or will be registered under the U.S. Securities Act of 1933, as
amended (the “U.S. Securities Act“), or any state
securities laws, and any securities issued pursuant to the Transaction
are anticipated to be issued in reliance upon available exemptions from
such registration requirements pursuant to Rule 506(b) of Regulation D
and/or Section 4(a)(2) of the U.S. Securities Act and applicable
exemptions under state securities laws. In addition, the securities
issued under an exemption from the registration requirements of the U.S.
Securities Act will be “restricted securities” as defined under Rule
144(a)(3) of the U.S. Securities Act and will contain the appropriate
restrictive legend as required under the U.S. Securities Act.
About Hollister Biosciences Inc.
Hollister Biosciences Inc. is a diversified cannabis company with
multiple, high-quality products now carried in 220 of Indus Holdings
(CSE: INDS), Hollister’s exclusive
distribution partner’s 600 dispensaries. This level of penetration is
expected to grow as the Company accelerates its seed to shelf, high
margin business and product development model.
Capitalizing on this success, Hollister’s vision is to
become the sought-after premium brand portfolio of innovative, high
quality cannabis across multiple states and hemp products nationwide.
Our wholly owned California subsidiary, Hollister Cannabis Co, is the 1st state and locally licensed Cannabis Company in the City of Hollister, California,
the birthplace of the “American Biker” from which we embrace the outlaw
roots of Hollister to drive our Company fearlessly down the road of
success.
Products from Hollister Cannabis Co. include HashBone, the brand’s
premier artisanal hash-infused pre-roll ranked as California’s #1 hash
infused pre-roll, along with solvent-free bubble hash, pre-packaged
flower, pre-rolls, tinctures, vape products, and full-spectrum high CBD
pet tinctures.
Venom Extracts is one of Arizona’s premier extract
brands and one of the state’s largest producers of award-winning medical
cannabis distillate and related products. With an experienced
management team and unparalleled reputation for quality, Venom Extracts
prides itself as a differentiated extraction company by producing legal
Marijuana products at a price point that allows retailers to generate
higher profits. Focused on proprietary efficiencies, the Company is
able to produce more product per square foot than its competition,
maintaining lower costs and risks than a typical extraction company. The
company’s expansion strategy is centered on entering new markets/states
that are approved for medical cannabis use and/or approved or have a
reasonable expectation to be approved for recreational use in the near
future.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Information: This news release includes certain
statements that may be deemed “forward-looking statements”. The use of
any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”,
“will”, “would”, “project”, “should”, “believe” and similar expressions
are intended to identify forward-looking statements. Although the
Company believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance
should not be placed on the forward-looking statements because the
Company can give no assurance that they will prove to be correct. Since
forward-looking statements address future events and conditions, by
their very nature they involve inherent risks and uncertainties. These
statements speak only as of the date of this News Release. Actual
results could differ materially from those currently anticipated due to a
number of factors and risks including various risk factors discussed in
the Company’s disclosure documents which can be found under the
Company’s profile on www.sedar.com.
Tags: Cannabis, CBD, CSE, Hemp, Marijuana, stocks, tactical relief, tsx Posted in Featured, Hollister Biosciences | Comments Off on Hollister Biosciences $HOLL.ca Closes Transformational Acquisition of Rapidly Growing Venom Extracts Adding Over $16.4 Million In 2019 Revenue and $2.5 Million in EBITDA $WEED.ca $CGC $ACB $APH $CRON.ca $OGI.ca $FAF.ca