Posted by AGORACOM-JC
at 12:10 PM on Wednesday, August 14th, 2019
SPONSOR: Enthusiast Gaming Holdings Inc. (TSX-V: EGLX) Uniting gaming communities with 80 owned and affiliated websites, currently reaching over 75 million monthly visitors. The company exceeded 2018 target with $11.0 million in revenue. Learn More
EGLX: TSX-V
FIFA eWorld Cup 2019 Grand Final generates record viewership
Online viewership increased by 60 per cent from 29m views in 2018 to 47m views in 2019
FIFA eWorld Cup™ Grand Final match carried by 21 broadcasters in more than 75 territories
More than 140m views across EA SPORTS™ FIFA 19 Global Series season since October 2018
FIFA and Electronic Arts Inc. announced today that the FIFA eWorld
Cup™ 2019 experienced another increase in total viewership and achieved
new record figures, generating more than 47 million views across online
platforms during the three-day event.
After impressive numbers throughout the season, FIFA eWorld Cup™ 2019
views increased 60 per cent compared to last year, becoming the most
viewed event of the EA SPORTS™ FIFA 19 Global Series.
The action was streamed in six languages for the first time – Arabic,
Chinese, English, German, Portuguese and Spanish – and was broadcast to
more than 75 territories around the world. Additionally, the EA SPORTS™
FIFA 19 Global Series generated more than 140 million total views
across the 2018/2019 season since kicking off in October 2018.
At the FIFA eWorld Cup™ 2019, the world’s best 32 EA SPORTS™ FIFA 19
players competed to be named champion. Mohammed ‘MoAuba’ Harkous from
Germany was ultimately crowned FIFA eWorld Cup™ Champion 2019, winning
the grand prize of USD 250,000 and an exclusive invitation to The Best FIFA Football Awards™, which take place in Milan on 23 September.
The pinnacle of the EA SPORTS™ FIFA 19 Global Series enjoyed a
fitting climax, with an enthusiastic crowd watching on from The O2,
London’s revered riverside arena, which created a one-of-a-kind
atmosphere in one of the most iconic music and entertainment venues in
the world.
After an expanded calendar which included 17 worldwide league
partners, new events such as the FIFA eNations Cup™ and the eChampions
League, as well as new events all over the globe, the FIFA eWorld Cup™
2019 crowned the world’s best EA SPORTS™ FIFA 19 player.
Speaking about the event, Luis Vicente, Chief Digital Transformation
and Innovation Officer at FIFA said: “The FIFA eWorld Cup™ 2019
showcased once more the growing interest in competitive FIFA and the
huge potential for both viewership and on-site live audiences.
Surpassing 100 million views across the season is another record
milestone for us and our partner EA SPORTS™. With the newly introduced
event structure and rankings this season, the competition level at the
FIFA eWorld Cup™ was the most competitive we’ve ever seen.â€
Vicente added: “With a 60 percent year-on-year increase in
viewership, the new elements added to the FIFA eWorld Cup™ 2019 like the
on-site production in six languages and live music acts complemented
another record-breaking event, resulting in a unique and exciting live
experience for fans at The O2 in London, as well as an enhanced
livestream experience for viewers on FIFA’s digital channels.â€
Reflecting on the FIFA eWorld Cup™ 2019 and the EA SPORTS™ FIFA 19
Global Series, Todd Sitrin, SVP and GM of the EA Competitive Gaming
Division said: “Competitive FIFA viewership growth has skyrocketed. This
growth was fuelled by an expanded EA SPORTS™ FIFA 19 Global Series
which now includes millions of competitors, 17 football league partners
hosting top-flight leagues, and dozens of licensed events being executed
throughout the year. We’re very happy with the results and the fact
that the eSports industry has recognized this franchise as a tier one
eSport.â€
Posted by AGORACOM-JC
at 10:31 AM on Wednesday, August 14th, 2019
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. Click here for more information.
BTRU: TSX-V
The art of new-age learning: A dynamic phenomenon
The e-learning market, valued at over USD 0.25 billion in 2016 is expected to grow to almost USD 1.96 billion by the end of 2021. But this begs the question, why is e-learning on the rise?
E learning, digital education, advantages of e learning, digital learning
It was always going to happen. Art of learning, as we have seen has
always been a dynamic phenomenon. What started as a fiefdom of few in
the age of gurukuls became a fraternity of educators and educated at the
advent of the 21st century.
But what has remained constant is the movement towards a
system that grants more autonomy to the learners, more avenues and tools
to educators and an overall impetus to the knowledge economy. The rise
of e-learning should be viewed in that neon light.
Over the years, numerous articles, blogs, and testimonials have been
written eulogizing, admonishing or elucidating the e-learning fad. All
of them capture one or the other facet of this emerging avenue. But
never have they been so (ir) relevant than now. India, at the moment, is
going through; perhaps its biggest development phase in the education
sector, particularly the one which deals the way knowledge is
disseminated and consumed. Byju, Toppr, Extraclass, you name it.
The probability will be that there are millions who have
heard their name or have used it once. The e-learning market, valued at
over USD 0.25 billion in 2016 is expected to grow to almost USD 1.96
billion by the end of 2021. But this begs the question, why is
e-learning on the rise?
Why is e-learning on the rise?
There are certain benefits to being on an e-learning platform. From
some obvious ones like the flexibility to learn anytime and anywhere to
personalized learning level matching your learning curve, the new way of
teaching offers something that was never possible before.
E-learning platforms offer you with not just a plethora of
disciplines to choose from but also come hard packed with methods that
are easy to grasp and easier to understand.
The application of audio-visual tools, fun animations and
colorful subject material makes it much easier for both the students and
tutors to understand and convey the concepts the books so desperately
try to achieve.
The dearth of physical infrastructure, a reality in many government
run schools, is something that can be easily overcome by adopting
neo-learning tools. All that one need is a working internet connection,
if the course is online or enough electricity hours to charge the
tablets that come in hand. And these are far cheaper to provide than the
usual infrastructures needed to run a school.
Major advantages
Another major advantage that these platforms offer, particularly
extraclass.com is the motivation to learn. It might sound far-fetched
but one of the primary reasons students hate schools or even colleges is
due to lack of motivation to sit in the class the whole day and still
learn nothing by the end of it. The problem is not with teachers, though
they too could use a bit of brushing, but in the mode of education. Not
everyone is blessed with a capability to sit out 8 hours at a stretch.
And faculties, burdened by their already heavy course structure have
little proclivity to make any changes or spare a word or two of
motivation to the students, since there’s syllabus to be completed,
assignments to be checked and administrative work to be done. What we
instead do is assign every child a mentor, a sort of guiding person who
helps them out not just with their course module but also with helping
them chalk out their career opportunities.
Main focus of EdTech startups
But behind this rosy picture lies a disconcerting reality, one which
still needs a lot of work to get affixed. While it is no surprise that
most of the EdTech startups begin by focusing mostly on Tier I and Tier
II cities, the trend is beginning to change. extraclass.com, for
instance, has made it an objective to start from the grassroots and then
make its way upward.
While it’s true that part of it is largely shaped by
relative saturation of the sector in the select cities, the fact remains
that focus on rural areas makes more sense, economically. With
competitive pricing, localized user interface and relevant product
placements, companies can tap into areas that have largely remained
untouched.
The size and demand of the education sector in the country is too
large to be manageable by government or few private players alone. The
time has come to engage players that have solutions that are more in
line with the changing trend of education. And that doesn’t demand
complete replacement of school systems with e-learning.
Both are needed. There is enough space to co-exist. A child is the
greatest asset of a nation and all of us have a role to play in shaping
him/her for the future of their nation, for their society and for
themselves.
Posted by AGORACOM-JC
at 9:21 AM on Wednesday, August 14th, 2019
Announced the completion of its 24,500 square foot phase one indoor cannabis cultivation facility located on 135 acres of land in Low, Quebec, Canada.
This week consultants are finalizing the facility’s Evidence of Readiness Package for submission to Health Canada.
“This is an important milestone for NORTHBUD, as we transition from the construction phase to pre-operational phase,†said Ryan Brown, CEO of NORTHBUD.
TORONTO, Aug. 14, 2019 — North Bud Farms Inc.(CSE: NBUD) (OTCQB: NOBDF) (“NORTHBUD” or the “Company”) is pleased to announce the completion of its 24,500 square foot phase one indoor cannabis cultivation facility located on 135 acres of land in Low, Quebec, Canada. This week consultants are finalizing the facility’s Evidence of Readiness Package for submission to Health Canada.
“This is an important milestone for NORTHBUD, as we transition from
the construction phase to pre-operational phase,†said Ryan Brown, CEO
of NORTHBUD. “We believe that we have built an extremely cost-effective
facility that will allow us to be competitive in all aspects of the
Canadian market. With the addition of over 500,000 square feet of
outdoor production later this year, we anticipate production of over 10
million grams of Cannabis in calendar 2020.â€
Creation of New U.S. Subsidiary
NORTHBUD wishes to inform shareholders that they have established a
wholly owned U.S. based subsidiary. Bonfire Brands USA Inc. has been
established to own and operate NORTHBUD’s proposed acquisitions in the
U.S. markets.
NORTHBUD is pleased to announce that it has appointed Justin Braune
as President of Bonfire Brands USA. Mr. Braune currently serves as the
CEO of EUREKA Vapor and will lead all of the NORTHBUD’s U.S. operations.
Mr. Braune brings over 10 years of industry experience to the
NORTHBUD team. A graduate of the United States Naval Academy, he served
in the U.S. Navy for ten years where he helped manage nuclear reactor
systems aboard the USS Ronald Reagan. He holds an MBA from the
University of Southern California’s Marshall School of Business.
Prior to joining EUREKA Vapor, Mr. Braune served as President at Made
By Science, a startup science and delivery technology company which was
recently acquired by Acreage Holdings. Mr. Braune has served as CEO and
President for multiple startup private and public companies over his
10-year career in the cannabis industry.
“I look forward to working with Justin as we move into the
operational phase of our U.S. expansion plan,†said Ryan Brown, CEO of
NORTHBUD. “Justin has extensive contacts in the U.S. cannabis industry
which will be very valuable as we continue to expand and enter into new
partnerships.â€
About North Bud Farms Inc. North Bud Farms Inc.,
through its wholly owned subsidiary GrowPros MMP Inc., is pursuing a
licence under The Cannabis Act. The Company has built a state-of-the-art
purpose-built cannabis production facility located on 95 acres of
Agricultural Land in Low, Quebec, Canada. North Bud Farms Inc. has
entered into agreements to acquire assets in California, Colorado and
Nevada.
Neither the Canadian Securities Exchange (the “CSEâ€) nor its
Regulation Services Provider (as that term is defined in the policies of
the CSE) accepts responsibility for the adequacy or accuracy of this
release.
Forward-looking statements Certain statements and
information included in this press release that, to the extent they are
not historical fact, constitute forward-looking information or
statements (collectively, “forward-looking statementsâ€) within the
meaning of applicable securities legislation. Forward-looking
statements, including those identified by the expressions “anticipateâ€,
“believeâ€, “planâ€, “estimateâ€, “expectâ€, “intendâ€, “mayâ€, “should†and
similar expressions to the extent they relate to the Company or its
management. Forward-looking statements are based on the reasonable
assumptions, estimates, analysis and opinions of management made in
light of its experience and its perception of trends, current conditions
and expected developments, as well as other factors that management
believes to be relevant and reasonable in the circumstances at the date
that such statements are made, but which may prove to be incorrect.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the Company to differ materially from any
future results, performance or achievements expressed or implied by the
forward-looking statements. Such risks and uncertainties include, among
others, the risk factors included in the Company’s final long form
prospectus dated August 21, 2018, which is available under the Company’s
SEDAR profile at www.sedar.com.
Accordingly, readers should not place undue reliance on any such
forward-looking statements. Further, any forward-looking statement
speaks only as of the date on which such statement is made. New factors
emerge from time to time, and it is not possible for the Company’s
management to predict all of such factors and to assess in advance the
impact of each such factor on the Company’s business or the extent to
which any factor, or combination of factors, may cause actual results to
differ materially from those contained in any forward-looking
statements. The Company does not undertake any obligation to update any
forward-looking statements to reflect information, events, results,
circumstances or otherwise after the date hereof or to reflect the
occurrence of unanticipated events, except as required by law including
securities laws. This news release does not constitute an offer to sell
or a solicitation of any offer to buy any securities of the Company.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT: North Bud Farms Inc. Edward Miller VP, IR & Communications Office: (855) 628-3420 ext. 3 [email protected]
Tags: Cannabis, CBD, CSE, Hemp, Marijuana, otc, stocks, tsx, tsx-v, weed Posted in North Bud Farms Inc | Comments Off on North Bud Farms $NBUD.ca Completes Construction of its Phase One Cultivation Facility and Establishes U.S. Based Subsidiary, Bonfire Brands USA $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca
Posted by AGORACOM-JC
at 7:37 AM on Wednesday, August 14th, 2019
Announced the launch of a new same-day delivery service for customers in the Greater Toronto Area.
Spyder customers in the Greater Toronto Area now have the option, for a nominal fee, of choosing guaranteed same-day delivery for vapes and cannabis accessories on orders placed before 2pm.
Vaughan, Ontario–(August 14, 2019) – Â Spyder Cannabis Inc. (TSXV: SPDR) (“Spyder“), an established Canadian cannabis and vape retail operator, announces the launch of a new same-day delivery service for customers in the Greater Toronto Area.
Spyder customers in the Greater Toronto Area now have the option, for
a nominal fee, of choosing guaranteed same-day delivery for vapes and
cannabis accessories on orders placed before 2pm.
“Our decision to launch our same-day delivery service in the GTA is a
clear example of our customer-centric approach. We are committed to
providing our customers with the highest quality products and the most
convenient and personalized service available, “said Dan Pelchovitz,
President and CEO of Spyder Cannabis. “We believe that our same-day
delivery service will give Spyder a significant competitive advantage in
the vapes and cannabis accessory market. We hope to expand the same-day
delivery service to other major Canadian centers in the near future,”
added Dan.
About Spyder Cannabis
Founded in 2014 Spyder is an established chain of three high-end vape
stores, and two cannabis accessory stores, in Ontario, with locations
in Woodbridge, Scarborough, Burlington, Pickering and Niagara Falls. The
Spyder brand is defined by its high-quality proprietary line of
e-juice, liquids and exclusive retail deals, dispensed in uniquely
designed stores creating the optimal customer experience. Spyder is
building off this leading retail, distribution and branding eCig and
vapes company and is pursuing expansion into the legal cannabis and hemp
derived market. Spyder has developed a scalable retail model with plans
to create a significant footprint with targeted and disciplined retail
distribution strategy focusing on Canadian retail and U.S. boutique
retail and kiosks in high traffic peripheral areas
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
For more information, please contact:
Spyder Cannabis Inc. Dan Pelchovitz President & Chief Executive Officer Contact: Investor Relations Phone: 1-888-504-SPDR (1-888-504-7737) 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.
This news release includes statements containing certain
“forward-looking information” within the meaning of applicable
securities laws (“forward-looking statements”). 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. Any number 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.
Posted by AGORACOM-JC
at 7:30 AM on Wednesday, August 14th, 2019
Highlights:
4,299 patient visits generated revenue of $591,024, compared to 2,187 patient visits that generated $312,485 for Q2 2018.
Strategic redirection:Â The Company has been re-positioning its overall strategy to become a vertically integrated health and wellness brand that connects to its 165,000 patients using a data driven focus to improve patients’ lives with products, technology and health systems.
VANCOUVER, Aug. 14, 2019 – EMPOWER CLINICS INC. (CSE: CBDT) (Frankfurt 8EC) (OTC: EPWCF) (“Empower” or the “Company“), a vertically integrated and growth-oriented CBD life sciences company, and a multi-state operator of medical health & wellness clinics in the U.S., has filed today its unaudited interim condensed consolidated financial statements for the three and six months ended June 30th, 2019 and related management’s discussion and analysis, both of which are available at www.SEDAR.com. All financial information in this press release is reported in United States dollars, unless otherwise indicated.
“The impact of cost cutting measures and the benefit of the Sun
Valley acquisition are now showing up in the financial statements of the
Company” said Steven McAuley, Empower’s Chairman &
CEO. “Even though we can only book two months of Sun Valley’s
performance in 2Q, the significance is notable, and we expect continued
benefits going forward, especially with the new retail product strategy
in-clinics and with the franchise program.”
Q2 2019 Highlights
4,299 patient visits generated revenue of $591,024, compared to 2,187 patient visits that generated $312,485 for Q2 2018.
Net loss of $1,456,505, compared to $3,915,443
for Q2 2018, which was primarily driven by significantly reducing
operating costs through aggressive headcount cuts, facility changes and
lower stock-based compensation expense.
Cash used in operating activities was $1,331,950 for YTD 2019, compared to $2,358,949 for YTD 2018.
Cash at June 30, 2019 of $817,168, compared to $157,668 at December 31, 2018, which was primarily driven by equity financings during the six months ended June 30, 2019.
Recent Highlights
Strategic redirection: The Company has been
re-positioning its overall strategy to become a vertically integrated
health and wellness brand that connects to its 165,000 patients using a
data driven focus to improve patients’ lives with products, technology
and health systems.
Strengthened Management Team: In January 2019, seasoned entrepreneur and executive officer and former GE Capital Managing Director Steven McAuley
was appointed as Empower’s Chairman & CEO. The Empower management
team has since been augmented with critical hires made from the ranks of
investment banking, accounting, marketing and clinic operations among
other disciplines. CFO Mat Lee, appointed on March 19, 2019,
is an experienced accounting and finance executive. To further support
financial and accounting restructuring, the Company engaged the services
of Invictus Accounting Group, a top-tier boutique advisory firm based
in Vancouver, BC.
Experienced and Seasoned Board of Directors: The Company Board of Directors includes its CEO Steven McAuley, Dustin Klein,
the Co-Founder of Sun Valley Clinics and the SVP, Business Development
and Andrejs Bunkse, owner and practicing attorney of Rain Legal and
Counsel to numerous cannabis enterprises in the U.S. and Canada.
Strategic Acquisition: On May 1, 2019, the
Company completed the acquisition of Sun Valley Certification Clinics
Holdings LLC (“Sun Valley”) from Andrea Klein and Dustin Klein and two
minority shareholders, through its wholly-owned subsidiary Empower
Healthcare Assets Inc., for consideration having an aggregate value
of $3,960,000. Sun Valley operates a network of professional medical
cannabis and pain management practices, with five clinics in Arizona,
one clinic in Las Vegas, a tele-medicine platform serving California,
and a fully developed franchise business model for domestic and
international markets.
Strategic Development: The Company has opened its first hemp-derived CBD extraction facility in greater Portland, Oregon
with the first extraction system expected to have the capacity to
produce 6,000 kg of extracted product per year. The Company took
possession of the new extraction facility June 1st, 2019
and has recently been awarded it’s hemp-handlers licence from the Oregon
Department of Agriculture, allowing the Company to enter the next phase
of build-out and full operations in 2019.
2019 Outlook and Catalysts
Enhanced Corporate Governance: The Company has prioritized corporate governance practices under the leadership of its Board of Directors and Chairman Steven McAuley, to ensure financial and accounting controls operate at the highest of standards.
Improved Capital Markets Profile: Empower is
diversifying its business model to become a vertically integrated
operator in the global cannabis sector with a focus on patient care, CBD
product distribution, research & development and CBD product
extraction. The Company believes this will appeal to a broader base of
shareholders and investors and provide greater access to capital and
improved trading liquidity.
Increased Patient Access: With a rapidly expanding
company-owned clinic network and significant expansion opportunity
through the Sun Valley Health franchise model, Empower anticipates it
will grow its total patient list substantially in the years ahead. This
is expected to provide greater opportunity for treatment analysis using
artificial intelligence (AI), through progressive initiatives that
include adding the Endocanna DNA test kit to the Company product &
service offering in clinics and online. Ensuring the Company is a leader
in understanding the efficacy of cannabis-related treatment options is
an imperative.
Focus on CBD Product Sales: The Company has launched
its online store to sell its lines of hemp-derived CBD based products
and premium health & wellness supplements. Customers can purchase
products, including CBD lotions, tinctures, spectrum oils, capsules,
lozenges, patches, e-drinks, topical lotions, gel caps, hemp extract
drops and pet-elixir hemp extract drops. Patients and customers will be
able to access Sun Valley Health customer service, home delivery and
e-commerce platforms.
Market Leading Technology: Empower utilizes
market-leading patient electronic management and POS system that is
HIPAA compliant and provides deep insight to patient care. The Company
supports remote patients using its tele-medicine portal, enabling
patients who do not live near one of its clinic locations, or are
disabled or unable to come to a location, to still benefit from a doctor
consultation.
Launches Nationwide Franchise: The Company has launched
its nationwide franchise program under the Sun Valley Health brand to
dramatically grow our clinic & store footprint increasing direct
access to patients and to sell hemp-derived CBD products and premium
wellness products directly to our customers and online at our new
e-commerce store at www.sunvalleyhealth.com
Opens CBD Extraction Facility: The Company has opened its first hemp-derived CBD extraction facility near Portland, OR
in a region that is surrounded by numerous licensed hemp farms, that
has the potential to produce 6,000kg of extraction distillate or isolate
to serve the Company’s own CBD product lines and other third party
processing contracts.
Financial Summary
$, except where noted
Three months ended
June 30,
Six months ended
June 30,
2019
2018
2019
2018
Patient visits
4,299
2,187
5,497
4,429
Clinic Revenues
591,024
312,485
743,869
614,627
Direct Clinic Expenses
(82,750)
(107,271)
(122,163)
(212,436)
Loss from operations
(1,424,070)
(2,703,891)
(1,703,379)
(3,311,426)
Net loss
(1,456,505)
(3,915,443)
(1,855,047)
(3,754,191)
Net loss per share
(0.01)
(0.06)
(0.02)
(0.08)
Financial Performance
Clinic revenues for Q2 2019 were $591,024, compared to Q2 2018 revenues of $312,485. This increase over the prior year is attributable to the acquisition of Sun Valley Clinics effective May 1, 2019,
and includes two months of accretive revenue. Future results will
include a full three months of results of Sun Valley in quarters going
forward.
Direct clinic expenses for Q2 2019 were $82,750, compared to Q2 2018 direct clinic expenses of $107,271.
These expenses declined despite the increase in revenues due to
improved operational controls to align labor cost with direct patient
consultations. The Company employs a diverse mix of physicians and
practitioners.
Net loss from operations for Q2 2019 was $1,424,070, compared to Q2 2018 net loss of $2,703,891.
This decrease in loss below prior year is primarily attributable to two
factors. Operating expense decreased due to a decrease in salaries and
benefits as a result of aggressive headcount cuts and facility changes.
Additionally, share-based payments decreased due to timing of
share-based awards to management.
Net loss for Q2 2019 was $1,456,505, respectively, compared to Q2 2018 net loss of $3,915,443.
This decrease over prior year is primarily attributable to the decrease
in operating expenses and share-based compensation expense. In
addition, Q2 2018 included listing fees associated with the RTO.
During Q2 2019, the Company used $1,331,950 in cash from operations after changes in non-cash working capital. The Company invested $543,573 for the acquisition of Sun Valley Clinics and raised $2,576,907 via proceeds from various issuances of shares, convertible debentures and notes.
Please refer to the Company’s unaudited condensed interim
consolidated financial statements, related notes and accompanying
management discussion and analysis for a full review of the operations.
ABOUT EMPOWER
Empower is a vertically integrated and growth-oriented CBD life
sciences company, and a multi-state operator of medical health &
wellness clinics, operating the Sun Valley Health clinic brand www.sunvalleyhealth.com, for its nine corporate locations and for franchises in the United States.
As a CBD product manufacturer under the Sollievo brand, the Company
distributes its lines through clinics, online and through retail
partners. Extraction operations are currently being developed in the
Company’s new extraction facility in Oregon.
ON BEHALF OF THE BOARD OF DIRECTORS:
Steven McAuley Chief Executive Officer
DISCLAIMER FOR FORWARD-LOOKING STATEMENTS
This news release contains certain “forward-looking statements”
or “forward-looking information” (collectively “forward looking
statements”) within the meaning of applicable Canadian securities laws. All
statements, other than statements of historical fact, are
forward-looking statements and are based on expectations, estimates and
projections as at the date of this news release. Forward-looking statements
can frequently be identified by words such as “plans”, “continues”,
“expects”, “projects”, “intends”, “believes”, “anticipates”,
“estimates”, “may”, “will”, “potential”, “proposed” and other similar
words, or information that certain events or conditions “may” or “will”
occur. Forward-looking statements in this news release include
statements regarding; the Company’s intention to open a hemp-based CBD
extraction facility, the expected benefits to the Company and its
shareholders as a result of the proposed acquisitions and partnerships;
the terms of the proposed acquisitions and partnerships; the
effectiveness of the extraction technology; the expected benefits for
Empower’s patient base and customers; the benefits of CBD based
products; the effect of the approval of the Farm Bill; the growth of the
Company’s patient list and that the Company will be positioned to be a
market-leading service provider for complex patient requirements in 2019
and beyond. Such statements are only projections, are based on
assumptions known to management at this time, and are subject to risks
and uncertainties that may cause actual results, performance or
developments to differ materially from those contained in the
forward-looking statements, including; that the Company may not open a
hemp-based CBD extraction facility; that the hemp-based CBD extraction
facility may not be fully operational in 2019 if at all; that
legislative changes may have an adverse effect on the Company’s business
and product development; that the Company may not be able to obtain
adequate financing to pursue its business plan; general business,
economic, competitive, political and social uncertainties; failure to
obtain any necessary approvals in connection with the proposed
acquisitions and partnerships; and other factors beyond the Company’s
control. No assurance can be given that any of the events anticipated by
the forward-looking statements will occur or, if they do occur, what
benefits the Company will obtain from them. Readers are cautioned not to
place undue reliance on the forward-looking statements in this release,
which are qualified in their entirety by these cautionary statements.
The Company is under no obligation, and expressly disclaims any
intention or obligation, to update or revise any forward-looking
statements in this release, whether as a result of new information,
future events or otherwise, except as expressly required by applicable
laws.
CONTACTS: Investors: Steve Low, Boom Capital Markets, [email protected], 647-620-5101; Investors: Steven McAuley, CEO, [email protected], 604-789-2146; For French inquiries: Remy Scalabrini, Maricom Inc., E: [email protected], T: (888) 585-MARICopyright CNW Group 2019
Tags: Cannabis, CSE, Hemp, Marijuana, stocks, tsx, tsx-v, weed Posted in All Recent Posts, Empower Clinics Inc. | Comments Off on Empower Clinics $CBDT.ca Reports 2Q 2019 Results Highlighted by an 89% increase in clinic revenues and a 37% decrease in operating expenses compared to 2Q 2018 $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $OGI.ca
Posted by AGORACOM-JC
at 5:44 PM on Tuesday, August 13th, 2019
SPONSOR:Â Bougainville Ventures Inc (CSE: BOG) provides strategic capital to the thriving cannabis cultivation sector through ownership and development of commercial real estate properties. The company also offers fully built out turnkey facilities equipped with state-of-the-art growing infrastructure to cannabis growers and processors. Click here for more info.
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As demand for CBD explodes, US farmers are seeing dollar signs
According to new data from the US Department of Agriculture (USDA), US farmers more than quadrupled the land planted with hemp in the past year, from 27,424 acres in August 2018 to 128,320 acres today.
In addition to the booming demand for CBD, hemp farmers were likely encouraged by the 2018 Farm Bill, which removed industrial hemp—defined as hemp plants with less than 0.3% THC by dry weight—and its extracts from Schedule I of the Controlled Substances Act
According to new data from the US Department of Agriculture (USDA),
US farmers more than quadrupled the land planted with hemp in the past
year, from 27,424 acres in August 2018 to 128,320 acres today.
In addition to the booming demand for CBD, hemp farmers were likely encouraged by the 2018 Farm Bill,
which removed industrial hemp—defined as hemp plants with less than
0.3% THC by dry weight—and its extracts from Schedule I of the
Controlled Substances Act, where it might have been interpreted as
marijuana, which the US Drug Enforcement Administration states has “no
currently accepted medical use and a high potential for abuse†(despite evidence to the contrary).
While hemp is far from the only crop appearing on more acres this year, it’s clearly smoking the competition.
“There are a lot of things you can do on a farm, but there aren’t a
lot of things you can do to make money,†Will Brownlow, a Kentucky
farmer who had recently started growing hemp, told Quartz in 2018.
He said an acre of soybeans could only get him about $500, but an acre
of hemp—dense with flowers rich in CBD—could yield as much as $30,000.
What’s more, he said, it was relatively easy to cultivate.
“The plant is a weed,†Brownlow said. “And it likes to grow.â€
Posted by AGORACOM-JC
at 3:16 PM on Tuesday, August 13th, 2019
SPONSOR: Esports Entertainment
$GMBL Esports audience is 350M, growing to 590M, Esports wagering is
projected at $23 BILLION by 2020. The company has launched VIE.gg
esports betting platform and has accelerated affiliate marketing
agreements with 190 Esports teams. Click here for more information
GMBL: OTCQB
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Esports is about to become a $1 billion industry, and Asia is at the heart of its wild growth
The electronic sports sector has grown massively in recent years and is expected to turn into a billion-dollar industry by the end of 2019.
CNBC’s Uptin Saiidi visited an annual gaming festival in Hong Kong where tens of thousands of excited fans eagerly watch players compete for the ultimate title.
Posted by AGORACOM-JC
at 2:11 PM on Tuesday, August 13th, 2019
SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by
legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based
venture capital firm that only invests in best of breed small-cap
companies which are both defensible and mass scalable. More than just
lip service, Inwentash has financed many of Canada’s biggest small-cap
exits. Click Here For More Information.
IDK: CSE
Blockchain Investment Soars In H1 2019: A Look At Trends
Blockchain Investment Trends Research by TeqAtlas includes analysis of 2.5k active blockchain companies that were funded by 1.8k blockchain investors in 2.5k funding rounds through both – conventional and alternative instruments.
While VC activity surpasses Dot-Com era in the U.S., Chinese tech
companies valuations are higher than any time in recent memory, and SoftBank
raised another multi-billion dollar fund, the state of the blockchain
investment market shows indications of maturity and saturation. Although
most blockchain companies are newbies into the market, they still
present an attractive investment potential.
The Blockchain Investment Trends
Research by TeqAtlas includes analysis of 2.5k active blockchain
companies that were funded by 1.8k blockchain investors in 2.5k funding
rounds through both – conventional and alternative instruments.
TeqAtlads takes a comprehensive view of the unique trends that define
blockchain investment market to understand the investor expectations
Investors Continue To View Blockchain A High Return Investment
In the first half of 2019, total capital investment into blockchain
companies has been the opposite of what we saw in the previous year,
which saw a dramatic rise in the amount of capital investment.
The previous year saw a record-breaking $15.2 billion investment in
TGEs (token generation events) and $5.1 billion in conventional equity
funding. In contrast, approx. $2 billion in TGE capital were raised in
the first half of this year. The upward trend is losing steam in the
first half of 2019, after four years of positive growth.
The research still reports a positive, upward trend in terms of
venture capital (VC) injected into blockchain companies. Conventional
equity rounds have accumulated $1.2 billion in the first 6 months of
2019, as compared to $1.3 billion for all of 2017.
How Did Blockchain Companies Fare In Deal Activity?
Throughout the research, 2018 continued to remain the benchmark for blockchain companies. The height set during the blockchain boom is hard to replicate as the effects of the dramatic fall in value still affect the industry.
In terms of deals, the grand total of investment rounds in the blockchain industry in the first half of 2019 was 268.
For comparison, blockchain companies attracted 910 deals in 2018 and
478 deals in 2017. At the same pace, 2019 might just oust 2017 in terms
of blockchain deal activity.
Surprisingly enough, if you add private equity into the equation, the
total number of conventional funding rounds almost equal the growth
numbers in 2018.
A breakdown of all the blockchain investment funds also reveals that
TGEs were more successful in raising money than Venture Capital rounds –
with the former amassing 26% more on average.
There Is Increasing Interest In Alternative Funding Techniques
Research into completed deals in 2019 shows an emerging trend; investors are increasingly experimenting with alternative funding methods. In fact, a majority (56%) of all closed deals in these six months were secured through TGEs.
Venture capital deals of early-stage funding ensure that traditional
investment comes in second with a 34% share. Early-stage VC rounds form
the major part of conventional funding rounds in terms of the total
capital invested in active Blockchain companies with a 34% share in 1H
2019. If you add in angel seed rounds, this share increases by another
7%.
Equity Funding Has Decreased as compared to 2018
If you analyze the investment pattern from 2014 to the first half of 2019, you are likely to notice that Early-stage VC rounds come out on top for most blockchain investment by stages, with blockchain investments in this stage exceeding $2 billion.
Later Stage Venture Capital Investment Is On The Rise
Later stage venture capital rounds have become increasingly popular,
which means that major players, such as institutional investors, became
interested in this market.
The total amount raised by later-stage blockchain companies backed by
venture capital was $289 million in 2018 only. To compare, the median
round amount of the later-stage IT companies amounted to $11.5 million
in 2018, according to Statista.
The TGE Hype Is Fading Away
TeqAtlas analyzed TGE investment data for 18 months ending in June 2019 to consider how many investors participate through TGE.
The findings state that – despite minor spikes – the overall trend and interest in token generation
events remain on an all-time low. Blockchain investors tread carefully
when it comes to investing in TGEs, with only 153 deals to show for the
six months of 2019.
Blockchain regulations surrounding TGEs, coupled with the dismal
investment numbers, has led us to predict that they are nowhere near
becoming the principal funding method in the blockchain industry.
64% Of Startups Don’t Meet Their Hard Cap
Another challenge identified in the research was that startups, due
to being new and relatively inexperienced, often fail to predict their
hard cap amounts accurately.
A mere 36% of startups manage to meet their hard caps during the
token generation event, with the rest failing to do so. Nevertheless,
2019 has been a slightly better year for startups; the percentage of startups that didn’t meet their hard cap dropped 13 points as compared to the previous year.
What Are The Biggest Deals since the Blockchain inception?
When comparing the different types of fundraising, the general trend
is that TGE usually outperforms conventional VC funding by the capital
raised. The biggest TGE was held by EOS.IO
and led to an enormous fundraising amount of $4.2 billion. When
compared to the biggest VC deal, EOS.IO’s amount is approximately 220%
higher.
The biggest VC-backed company by funding value is Bitmain that has raised $400 million being valued at $12 billion in a Series B round. Another blockchain company Bakkt,
owned by Intercontinental Exchange (ICE), secured $182.5 million for
their project which will enable them to build the global digital assets
platform and bitcoin futures product.
Which TGE Type Extracts The Greatest ROI?
The research analyzed the return on several different TGE
investments, and the results showed a clear winner – blockchain
infrastructure developers.
Amongst investors who enjoyed the best returns, many had funded
blockchain platforms, IoT Infrastructure providers and interoperability
blockchain developers such as Ethereum, IOTA and Cosmos Network,
respectively.
DCG Dominates The Number Of Deals
The research outlined that more than 800 venture capital firms are already capitalizing on blockchain adoption.
Still, no one comes close to the Digital Currency Group,
which is comfortably placed at #1 with 131 deals to date. In fact, the
second and third-placed competitors combined have 109 completed deals.
Unsurprisingly, 80% of the top 10 active blockchain investors reside in the USA.
Most Active Investors industry focus is FinTech
Considering the security and encryption prowess of the technology, it
comes as no surprise that a majority of blockchain technology
investment is concentrated in the financial sector. In fact, FinTech has
114 more deals completed than the second-best sector, blockchain
infrastructure.
Not only does FinTech boast the highest number of completed deals
(150), but investors have poured in huge amounts in such blockchain
startups. This proves that investors truly believe in the potential of
blockchain, especially in the field of FinTech.
Angel/Seed Rounds Are The Investors Favorite
While reviewing the biggest active blockchain investors,
an interesting trend was identified; most of them fill their portfolios
in the first round of funding – the Angel round. While alternate
funding methods might be gaining hype, conventional funding instruments
prevail in the portfolios of the most active investors.
IEO – The ICO Replacement?
ICOs were riddled with problems by the end of 2018, partially due to
fraud that hindered investor trust in blockchain as a whole.
Now, there is a new way to offer coins and this method involves crypto exchanges
in the offering process. This involves the exchange becoming a core
member – essentially, the exchange offers the coins to their existing
consumer base rather than the company offering it to the public.
This allows exchanges to run background checks and verify developer
legitimacy, substantially decreasing the risk of fraud. In the research,
TeqAtlas came across all launchpads that have already conducted IEOs in
the current year – or are planning to.
Posted by AGORACOM-JC
at 10:45 AM on Tuesday, August 13th, 2019
Spyder Cannabis (SPDR:TSXV) went public just a couple of months ago and hit the ground running with 5 operating Canadian retail locations – and a 6th one on the way via an 8,000 sq ft super store in Alberta.  Most companies would be ecstatic to have this number of locations – but Spyder just announced a major move into the United States, with a 5 location deal for boutique stores up and down the US Eastern seaboard. The news gets better. If all goes well with these 5 locations, the US outlet partner has a total of 39 locations across 20 states for Spyder to grow into to.
Spyder Cannabis may have just gone public but they are making big moves into the highly coveted retail space for marijuana, CBD and Hemp products, including carrying their own brands within their stores.
Grab your favourite cold summer beverage and watch this interview with CEO, Dan Pelchovitz.
Posted by AGORACOM-JC
at 9:15 AM on Tuesday, August 13th, 2019
Entered into a sponsorship agreement with foodora Canada to provide digital marketing strategies and Luminosity merchandise sponsorship opportunities
Enthusiast and Luminosity will launch a digital advertising campaign to complement foodora Canada’s overall advertising strategy
foodora Canada will also be a key merchandise sponsor for Luminosity, which includes placement of the foodora logo on the Luminosity team jerseys.
TORONTO, Aug. 13, 2019 – Enthusiast Gaming Holdings Inc. (TSXV: EGLX) (OTCQB: EGHIF), (“Enthusiast†or the “Companyâ€), one of the largest vertically integrated video gaming media companies in North America, is pleased to announce that, in partnership with Luminosity Gaming (“Luminosityâ€), it has entered into a sponsorship agreement (the “Agreementâ€) with foodora Canada, to provide digital marketing strategies and Luminosity merchandise sponsorship opportunities.
foodora Canada is a leading on-demand food delivery platform
operating in 10 cities, servicing more than 3,000 restaurants across
Canada. foodora is dedicated to bringing Canadian food lovers their
favourite meals, from a curated list of local restaurants, delivered
within 35 minutes. foodora is committed to lowering its carbon footprint
by delivering predominantly via bike, and by implementing a cutlery
opt-in feature. In Canada, foodora caters to all major cities,
including: Toronto, Ottawa, Vancouver, Calgary, Edmonton, Montreal and
more.
Under the Agreement, Enthusiast and Luminosity will launch a digital
advertising campaign to complement foodora Canada’s overall advertising
strategy. The Company will launch a social media contest to promote
foodora across Canada. foodora Canada will also be a key merchandise
sponsor for Luminosity, which includes placement of the foodora logo on
the Luminosity team jerseys.
“As foodora continues to grow, evolve and innovate within the
Canadian food delivery space, it’s important that we also continue to
reach new customers who would find value in our services,†said Matt Rice, Head of Marketing at foodora Canada.
“Partnering with Enthusiast and Luminosity allows us to tap into an
existing mobile-first gaming community who are always searching for ways
to be more efficient. It’s the perfect fit.â€
Jon Dwyer, SVP & Head of Special Partnerships at Luminosity Gaming, commented,
“The partnership with foodora Canada proves our ability to successfully
integrate our operations thus far, and I am proud of both Enthusiast
and Luminosity for the collaborative effort to develop a successful,
custom marketing campaign.†He continued, “It’s exciting for us
to see non-endemic gaming brands like foodora Canada utilizing our
platform to reach the combined network of 200 million gamers, and one of
the most sought after demographics.â€
About Enthusiast Gaming
Enthusiast Gaming is one of the largest vertically integrated video
game companies and has the fastest-growing online community of video
gamers. Through the Company’s organic and acquisition strategy, it has
amassed a platform of over 150 million monthly visitors across its
network of websites and YouTube channels. Enthusiast also owns and
operates Canada’s largest gaming expo, Enthusiast Gaming Live Expo,
EGLX, (eglx.ca) with approximately 55,000 people attending in 2018. For more information on the Company, visit www.enthusiastgaming.com.
About Luminosity Gaming
Luminosity Gaming is one of the largest globally recognized esports
organizations in the world, with over 60 million registered active
users. Luminosity has 8 world class esports teams competing across top
games such as Fortnite, Apex, Rainbow Six: Seige, Counter Strike, Call
of Duty, Madden, Smite, etc. for more information visit www.luminosity.gg
About foodora Canada
foodora is dedicated to bringing Canadian food lovers their favourite
meals from a curated list of local restaurants. Since 2015, the
on-demand food delivery service has grown to more than 3,000 partner
restaurants in 10 cities across Canada. Belonging to Delivery Hero, a
worldwide leader of the food delivery industry, foodora is a sustainably
focused company that strives to reduce its carbon footprint through its
use of bikes and its commitment to reducing single-use plastic. For
more information, visit http://www.foodora.ca.
CONTACT INFORMATION:
Investor Relations: Julia Becker Head of Investor Relations & Marketing [email protected] (604) 785.0850
This news release contains certain statements that may constitute
forward-looking information under applicable securities laws. All
statements, other than those of historical fact, which address
activities, events, outcomes, results, developments, performance or
achievements that Enthusiast anticipates or expects may or will occur in
the future (in whole or in part) should be considered forward-looking
information. Such information may involve, but is not limited to,
comments with respect to strategies, expectations, planned operations
and future actions of the Company. Often, but not always,
forward-looking information can be identified by the use of words such
as “plans”, “expects”, “is expected”, “budget”, “scheduled”,
“estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or
variations (including negative variations) of such words and phrases, or
statements formed in the future tense or indicating that certain
actions, events or results “may”, “could”, “would”, “might” or “will”
(or other variations of the forgoing) be taken, occur, be achieved, or
come to pass. Forward-looking information is based on currently
available competitive, financial and economic data and operating plans,
strategies or beliefs as of the date of this news release, but involve
known and unknown risks, uncertainties, assumptions and other factors
that may cause the actual results, performance or achievements of
Enthusiast to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking
information. Such factors may be based on information currently
available to Enthusiast, including information obtained from third-party
industry analysts and other third-party sources, and are based on
management’s current expectations or beliefs regarding future growth,
results of operations, future capital (including the amount, nature and
sources of funding thereof) and expenditures. Any and all
forward-looking information contained in this press release is expressly
qualified by this cautionary statement. Trading in the securities of
the Company should be considered highly speculative.
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.
The securities of the Corporation have not been and will not be
registered under the United States Securities Act of 1933, as amended
and may not be offered or sold in the United States absent registration
or an applicable exemption from the registration requirement. This press
release shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful.
