- Intersected various mineralized zones
- Most significant was 337.5m of continuous mineralization grading 0.76 g/t gold from 2 to 339.5m depth,
- Including a higher grade intercept of 124.5m grading 0.98 g/t gold from 53.0 to 177.5m
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FEATURE: American Creek $AMK.ca encounters high grade #Gold / #Silver at Treaty Creek north of, and in the same system as #Seabridge $AMK.ca $SA $SEA.ca
Posted by
at 10:54 AM on Tuesday, April 10th, 2018
Kuuhubb $KUU.ca Reports Quarterly Revenue Of $USD 6.6 Million Led By In-App Purchases and Global Brand Partnerships$TCEHY $ATVI $CYOU
Posted by
at 8:20 AM on Tuesday, April 10th, 2018
Financial Highlights for the Three Month Period Ended March 31, 2018:
- Revenue: Increased to US$6.6 million during the three months ended March 31, 2018, an increase from the previous quarter ended December 31, 2017 (which was US$6.35 million).
TORONTO, April 10, 2018 – Kuuhubb Inc. (“Kuuhubb†or the “Companyâ€) (TSX-V:KUU), a technology company focused on acquiring, developing and distributing mobile game applications, is pleased to provide an update on recent financial performance.  References below to “US$†are to United States dollars.  The Company’s consolidated financial statements (and related management’s discussion and analysis) for the quarter ended March 31, 2018 are planned to be published on or before May 30, 2018. The Company’s financial year end is June 30.
Financial Highlights for the Three Month Period Ended March 31, 2018:
- Revenue: Increased to US$6.6 million during the three months ended March 31, 2018, an increase from the previous quarter ended December 31, 2017 (which was US$6.35 million). Â This revenue was generated from existing and new user sales of the Recolor app, the in-application purchases of virtual goods from the My Hospital game, along with in-application advertising revenue.
- Advertising Revenue Contribution: The three months ending March 31, 2018 was the first full quarter where the Company’s newly introduced advertising monetization model was fully implemented and showing immediate revenue contribution.
- Brand and IP Owner Partnerships: Continue to play an essential role in Kuuhubb’s growth strategy. Highly customized campaigns with Kellogg’s and Lionsgate have proven to be very successful with high user engagement.  For the three months ended March 31, 2018, the Company signed additional contracts with new globally recognized brands and IP owners, and expects to see a significant increase in revenue from this stream in the coming quarters.
- Nearing Cash Flow Break-Even: During the quarter ended March 31, 2018 the Company operated at or near cash flow break-even. In addition, Kuuhubb also repaid, as scheduled, a significant amount of debt (equivalent to about US$650,000) during the period ending March 31, 2018 strengthening the Company’s balance sheet.
- Improved Financial Position: The Company is pleased to announce it has improved its financial position in order implement and accelerate its Asian project and product road map. Â The Company secured during the quarter ended March 31, 2018 US$1.6 million in additional funds, which included a pre-payment from advertising platform partners and bank loan. Â With this additional cash, the Company has the necessary funds to adequately execute on its numerous global growth initiatives.
Jouni Keränen, CEO of Kuuhubb, stated: “I am proud of the Kuuhubb team for delivering another solid quarter achieving both quarter-on-quarter revenue growth and month-on-month cash flow break-even.  With the additional, non-dilutive cash injection, the Company is well positioned to execute the growth drivers of Japan, India and Android launches, as well as expanding the product portfolio.â€
About Kuuhubb
Kuuhubb is a company active in the digital space that focuses mainly on lifestyle and mobile game applications. Its strategy is to create sustainable shareholder value through acquisitions of proven, yet underappreciated, assets with robust long-term growth potential.  Headquartered in Helsinki, Finland, Kuuhubb has a global presence with a strong focus on developing U.S. brand collaborations and Asian partnerships.
Cautionary Note Concerning Forward-Looking Information
This press release contains forward-looking information. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements relating to future and increased revenue and development and growth of the Company’s business) are forward-looking information. This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, risks related to the growth strategy of the Company, the possibility that results from the Company’s growth plans will not be consistent with the Company’s expectations, the early stage of the Company’s development, competition from companies in a number of industries, the ability of the Company to manage expansion and integrate acquisitions into its business, future business development of the Company and the other risks disclosed under the heading “Risk Factors” in the Company’s annual information form dated October 30, 2017 filed on SEDAR at www.sedar.com. Forward-looking information speaks only as of the date on which it is provided and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward- looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Kuuhubb Inc.
Jouni Keränen – CEO
[email protected]
Office: +358 40 590 0919
Bill Mitoulas
Investor Relations
[email protected]
Office:Â +1 (416) 479-9547
‘Deep will be the new norm’ — #Glencore $GLEN spends $1B to find new ore beneath #Sudbury $NAM.ca $PDL.ca
Posted by
at 3:08 PM on Monday, April 9th, 2018
- Glencore is spending nearly $1 billion to mine new ore underneath Sudbury
- “I think deep will be the new norm and certainly in Sudbury, that’s where the future lies,” said Peter Xavier, Glencore vice-president of Sudbury operations
- New ore is needed to feed the company’s mill and smelter and maintain the Sudbury workforce of 1,300 employees, plus 500 contractors.
First ore expected in about 4 years, with full production by 2025
Erik White · CBC News · Posted: Apr 05, 2018 4:01 AM ET
Glencore is spending nearly $1 billion to mine new ore underneath Sudbury.
The Onaping Depth project was announced at the same time as Vale revealed plans to go ahead with its multi-million dollar expansion of Copper Cliff Mine, also known as “Copper Cliff Deep.”
“I think deep will be the new norm and certainly in Sudbury, that’s where the future lies,” said Peter Xavier, Glencore vice-president of Sudbury operations.
The deposit is located 2,500 metres beneath the mothballed Craig Mine in Onaping and was found in the 1990s. Xavier says it’s taken years of planning to figure out how to mine safely and economically at that low level.
He says it’s also getting the greenlight now, despite nickel and other metal prices being in a prolonged slump, because Glencore’s two other Sudbury mines — Nickel Rim and Fraser — will be wrapped up by 2025, just as Onaping Depth hits full production.
Xavier says that new ore is needed to feed the company’s mill and smelter and maintain the Sudbury workforce of 1,300 employees, plus 500 contractors.
“Because it comes at the tail end of our existing operations, it would be more accurate to say it sustains our existing presence.” he said.
Peter Xavier is the vice-president of Glencore operations in Sudbury. (Erik White/CBC)
Xavier says one of the big advantages for the Sudbury basin is the polymetallic geology, with copper, platinum and palladium core fuelling profits even if nickel is down.
“And that mitigates a little bit the challenges of the fact that we’re going to depth to extract these ore bodies where it some parts of the world, it’s literally dirt on surface,” he said.
Some of those challenges are also being tackled by using only electric battery vehicles at Onaping Depth, which Xavier says will cut heating, cooling and ventilation costs, as well as the bill for running the machines.
Glencore will also use some of the existing infrastructure at Craig Mine, which was put on care and maintenance in 2009, but has been used since then by KGHM to access its Levack deposit.
“Most people in the community don’t realize that the organizations collaborate quite extensively,” Xavier said of other Sudbury mining companies, including Vale, which is partnering with Glencore to access a deposit through Fraser Mine.
“For us it’s a normal way of looking at things.”
For its Onaping Depth project, Glencore will use some of the existing infrastructure at Craig Mine, which was shut down in 2009. (Erik White/CBC)
However Xavier says formal mergers are “not the discussions of today.”
But he sees a bright future for the local mining sector, with a deep mining project at Nickel Rim next on the list.
All of this is good news for the members of Unifor Mine Mill Local 598, where Marcel Charron is the senior representative.
“It means long term viability for the company and good jobs for our members,” he said.
Charron says he’s hopeful that some positions will open up for younger workers in the coming years, especially with a large group of Glencore employees set to retire in 2019.
Source: http://www.cbc.ca/news/canada/sudbury/onaping-depth-sudbury-mining-1.4604208
#Blockchain can be new economic pillar $SX $SX.ca $SXOOF $AAO.ca $HQP.ca #Blockstation
Posted by
at 11:34 AM on Monday, April 9th, 2018
- Bermuda is placing the emphasis on quality over quantity when it comes to attracting business opportunities in the blockchain and digital currency sector
- If it gets things right the advantages will likely include adding a new pillar to the economy that can generate revenue to help reduce the island’s $2.5 billion public debt, together with the creation of jobs, education opportunities
Scott Neil, Assistant Business Editor
Apr 9, 2018 at 8:00 am
Bermuda is placing the emphasis on quality over quantity when it comes to attracting business opportunities in the blockchain and digital currency sector.
If it gets things right the advantages will likely include adding a new pillar to the economy that can generate revenue to help reduce the island’s $2.5 billion public debt, together with the creation of jobs, education opportunities and increasing Bermuda’s reputation in global markets.
Those were points highlighted by Chris Garrod in a presentation on the topic to the Bermuda Chamber of Commerce.
Mr Garrod, who is a partner at Conyers, Dill & Pearman, is involved in the blockchain and insurtech space. He played a role in the Bermuda launch of blockchain-based tokens Unikrn and iCash during the past seven months. In addition, he is on both working groups that form the Government of Bermuda’s Blockchain Task Force, announced in November. The task force’s aim is to advance the development of blockchain technology in Bermuda.
Mr Garrod said Bermuda is seeking to be the world leader in blockchain, not merely the offshore blockchain leader. He acknowledged that there is stiff competition from the likes of Singapore, Switzerland, Gibraltar, British Virgin Islands and Cayman Islands.
He noted that Cayman has been “progressing the most†among competing jurisdictions, and said: “Most of the queries I am getting from clients are saying ‘We’re trying to decide between Bermuda and Cayman’. They like Bermuda because we have a new, young, tech-savvy Premier and a new government. They are Googling Bermuda to see if it is moving into this space.â€
Mr Garrod believes blockchain will be the next internet, and said that will become apparent over time. Using an analogy, he said in terms of development blockchain is today at the same stage as the “dot-com era†of the internet, when the likes of the now defunct Netscape Navigator web browser ruled the roost.
He said with blockchain “there will be failures, like Netscape and Pets.com, but you will have survivors like eBay and Amazonâ€.
Mr Garrod explained there were financial and non-financial uses for blockchain. Describing non-financial uses of the technology, where no regulation is required, he mentioned a proposal to update land registry details on blockchain, an aim aired by David Burt, the Premier, during a discussion linked to the World Economic Forum in Davos, Switzerland, in January.
Other potential uses for non-financial blockchains are in the healthcare sector, where patient information could be speedily transferred and accessed between hospitals and institutions.
Mr Garrod pointed to the transport and shipping arena. He said Maersk, the world’s largest shipping company, has its own private blockchain allowing it to securely monitor movements of its cargo and goods. He also mentioned self-executing smart contracts, such as insurance policies that are automatically triggered when a specific circumstance occurs, such as a delayed flight resulting in a travel insurance payout.
In addition, Mr Garrod said: “Fifteen per cent of financial institutions are now using some form of blockchain.â€
Financial uses of blockchain include utility tokens that are issued to fund a business and provide associated benefits, cryptocurrencies such as bitcoin and altcoin, which are bought as investments and are traded on exchanges, and security tokens that have attributes of both utility tokens and cryptocurrencies.
Mr Garrod said the next steps for Bermuda regarding its digital ledger technology and blockchain ambitions include amendments of the Companies Act, and the development of a code of conduct with anti-money laundering, and know-your-customer requirements. Further steps include the creation of a Virtual Currency Business Act.
Mr Garrod said: “Will our regulations be perfect to begin with? No. It is a fast-moving space.†However, he pointed out that Bermuda had successfully improved and streamlined its initial regulations for other sectors, such as insurance and reinsurance, in the past.
He added that the code of practice for the Virtual Currency Business Act, which is being finalised, will have stringent AML requirements, while the code of conduct for the ICO [initial coin offering] legislation is also in the works.
“The emphasis is still quality over quantity, which is what Bermuda has always tried to emphasise,†said Mr Garrod. “We have always taken that approach, whether it was our funds industry or our insurance industry, and that is going to be the same approach with this brand new industry — blockchain. We only want the best; the quality business.â€
Source: http://mobile.royalgazette.com/international-business/article/20180409/blockchain-can-be-new-economic-pillar&template=mobileart
The Rise of #Mobile #Esports in 2018 $GMBL $KUU.ca
Posted by
at 10:03 AM on Monday, April 9th, 2018
- Competitive mobile games are slowly making their way into the spotlight and are successfully cementing themselves as the next big thing in the world of esports
- You heard it right – 2018 might be the year of mobile esports
Julian Elona
If you told your parents years ago that you wanted to make a career out of playing mobile games, chances are they would have shrugged it off and got mad at the thought of their child make a living with a mobile phone.
But that is not the case in 2018, as competitive mobile games are slowly making their way into the spotlight and are successfully cementing themselves as the next big thing in the world of esports.
You heard it right – 2018 might be the year of mobile esports.
Esports is currently a popular spectator sport that has gained a lot of fans over the years. In fact, data shows that it may have overtaken some traditional sports when it comes to viewership. One example of this is when the Mid-Season Invitational 2017 League of Legends, a popular esports game for PC, garnered over 360 million unique viewers last year. That is more than the Super Bowl, which only took around 111 million unique viewers the same year.
As for mobile esports, they could not yet reach a viewership count equal to traditional esports games. According to Esports Chart, last year’s Clash Royale tournament only had around 20 million views while the lowest viewership was from Vainglory World Championship 2017 with only 56,000 viewers at its peak.
However, competitive mobile gaming has seen a huge increase this year. Mobile games such as Vainglory, Clash of Clans, and Arena of Valor have been organising successful tournaments and fostering a healthy environment for its professional athletes.
Clash Royale recently made a big announcement that it will be organizing one of the biggest mobile esports events called Clash Royale League with a prize pool of over $1m. Notable teams from other esports games such as Fnatic and Team SoloMid have also announced that they will be participating in the event.
Tencent, a Chinese tech company, also tried to capitalise on the western market by releasing Honor of Kings in the US and Europe and renaming it to Arena of Valor. The game drew heavy inspiration from traditional MOBAs. They also announced this year that they would be holding an international tournament with a prize pool of around $500,000.
Super Evil Megacorp, the developer of Vainglory, has also announced a partnership with Alibaba that will include Vainglory in the official lineup of games in the World Electronic Sports Games 2018 (WESG). Vainglory also announced before that it would be having a new 5v5 format, having had only a 3v3 format previously.
This will be the first time that a mobile game will be integrated into the WESG and will be headlining along with other popular games like Dota 2, Starcraft II, and Counter Strike: Global Offensive.
With no signs of backing down, mobile games may be the next big thing in esports. It’s only a matter of time before we fully embrace the notion that you can have a successful career just by playing with your mobile phone.
Source: http://www.foxsportsasia.com/esports/839328/rise-mobile-esports-2018/
#Gaming stock KuuHubb $KUU.ca has 413% upside, Echelon Wealth Partners says $TCEHY $ATVI $CYOU
Posted by
at 10:30 AM on Saturday, April 7th, 2018
- KuuHubb Inc. (TSXV:KUU) is a small cap Top Pick for Ralph Garcea, analyst with Echelon Wealth Partners
- On Wednesday, Garcea reiterated his “Speculative Buy†and target of C$4.00 for KUU
April 5, 2018 By Jayson MacLean
With an eye towards expansion into Asian markets and an experienced management team able to get the job done, mobile game and lifestyle company KuuHubb Inc. (TSXV:KUU) is a small cap Top Pick for Ralph Garcea, analyst with Echelon Wealth Partners. On Wednesday, Garcea reiterated his “Speculative Buy†and target of C$4.00 for KUU.
Last month, Helsinki, Finland-based KuuHubb reported its FQ2/18 financials, which showed a revenue increase of 123 per cent over the previous quarter, much of those gains coming from its leading digital colouring book app, Recolor, says Garcea, who thinks that KUU will be EBITDA positive by FY2019.
“We believe momentum continued for KUU into FQ3/18 (Mar) and expect results to be up q/q, driven by growth in Recolor and MyHospital,†says the analyst in a research note to clients. “In addition, the acquisition of the blockchain-enabled mobile e-sports platform (Valiance UG) is designed to support both mobile e-sports competitors and content creators and provides them with opportunities to monetize their involvement playing e-sports titles.
Garcea says that shareholder value should come from key acquisitions of proven, under-appreciated assets, projected that the company’s capable management team should be launching its mobile games in India and Japan this quarter.
“KuuHubb’s co-founder and CEO, Jouni Keränen, has over 18 years of international business and management experience, with particular experience and in-depth knowledge of the online games industry and market in China and elsewhere in Asia, which are a particular area of focus for KuuHubb in its business plans,†the analyst says.
“We believe there is plenty of upside in our estimates as KUU expands across demographics and into adjacent lifestyle categories (like interior design, fashion and jewelry, home and garden, etc.),†says the analyst. “We note that the Global Social App comparables are trading on average (excl. Facebook) at a multiple of US$40/monthly active users (MAU). Applying this multiple to KUU’s 7.0 million MAUs would value the Company at US$280 million (or C$6.50-7.50/shr).â€
The analyst’s $4.00 target price represents a 413 per cent projected return on investment as of publication date.
Source: https://www.cantechletter.com/2018/04/gaming-stock-kuuhubb-has-413-upside-echelon-wealth-partners-says/
Namaste $N.ca Announces March 2018 Sales of C$1.24M Representing a 74% Year-on-Year Increase and Acquires 535 New Patients Representing a 142% Month-on-Month Increase $ACB.ca $HIP.ca $WEED.ca $CMED.ca
Posted by
at 9:26 AM on Friday, April 6th, 2018
- March net revenue C$1,249,670
- 74% revenue increase in March 2018 when compared to March 2017
- Namaste MD acquired 535 new medical cannabis patients on the NamasteMD platform
- 142% month-over-month increase of patients
- Company anticipates further acceleration of the growth
- will be key driver of future revenue
VANCOUVER, British Columbia, April 06, 2018 —Namaste Technologies Inc. (“Namaste†or the “Companyâ€) (CSE:N) (FRA:M5BQ) (OTCMKTS:NXTTF) is pleased to announce March 2018 total unaudited net revenue as reported by the Company (including shipping revenues and after discounts and refunds) were C$1,249,670, representing a 74% revenue increase in March 2018 when compared to March 2017. Namaste’s management team is also pleased to report that the Company’s wholly owned subsidiary, Namaste MD Inc. (“NamasteMDâ€), has acquired 535 new medical cannabis patients on the NamasteMD platform, representing a 142% month-over-month increase of patients. NamasteMD allows patients to consult with doctors or nurse practitioners for medical cannabis in a simple and convenient platform from the comfort of their homes. The Company anticipates further acceleration of the growth in the NamasteMD patient network and expects that NamasteMD will be key driver of future revenue.
The table below display’s Namaste’s total gross sales by revenue channel.
Management Commentary
Sean Dollinger, President and CEO of Namaste comments; “We are very pleased to be seeing the positive trend of monthly sales increases year-over-year. What is most exciting is our increasing rate of patient acquisition on NamasteMD. With minimal outside marketing we were quietly able to bring on nearly 1,000 patients by the end of the March. We are working on expanding our nurse practitioner team with our partners at O Cannabis we Stand on Guard for Thee Inc. (“O Cannabisâ€) to accommodate the anticipated growth of patients. We strongly believe that our patients will be a key to our success, along with our strategy to provide our patients with not only the best care but also the largest and best variety of medical cannabis products. We’re proud to be innovating the industry by changing the way that patients access medical cannabis and look forward to continued growth through both the medical cannabis and hardware platforms.â€
About Namaste Technologies Inc.
Namaste is the largest online retailer for medical cannabis delivery systems globally. Namaste distributes vaporizers and smoking accessories through 24 e-commerce sites in 20 countries and with distribution hubs located around the world. Namaste has majority market share in Europe and Australia, with operations in the UK, Canada and Germany and has opened new supply channels into emerging markets including Brazil, Mexico and Chile. Namaste, through its acquisition of Cannmart Inc., a Canadian based late-stage applicant for a medical cannabis sales licence (under the ACMPR Program) is pursuing a new revenue vertical in online retail of medical cannabis in the Canadian market. Namaste intends to leverage its existing database of Canadian medical cannabis consumers, along with its expertise in e-commerce to create an online marketplace for medical cannabis patients, offering a larger variety of product and a better user experience.
On behalf of the Board of Directors
“Sean Dollingerâ€
Chief Executive Officer
Direct: +1 (786) 389 9771
Email: [email protected]
Further information on Namaste and its products can be accessed through the links below:
namastetechnologies.com
namastevapes.ca
everyonedoesit.ca
namastevaporizers.co.uk
everyonedoesit.co.uk
australianvaporizers.com.au
Forward Looking Information
This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, Namaste assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. 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 press 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. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward looking statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. The Canadian Securities Exchange has neither reviewed nor approved the contents of this press release.
Namaste $N.ca Announces Share Purchase and Medical #Cannabis Licensed Dealer Application Letter of Intent With 2624078 Ontario Inc
Posted by
at 10:00 AM on Thursday, April 5th, 2018
- Company has signed a non-binding letter of intent (“LOIâ€) with 2624078 Ontario Inc.
- Namaste would acquire 51% of the share capital of 2624078 Ontario Inc., which will undertake an application to become a Licensed Dealer (“LDâ€) of medical cannabis, in accordance with Health Canada regulations
VANCOUVER, British Columbia, April 05, 2018 – Namaste Technologies Inc. (“Namaste†or the “Companyâ€) (CSE:N) (FRANKFURT:M5BQ) (OTCMKTS:NXTTF) is pleased to announce that the Company has signed a non-binding letter of intent (“LOIâ€) with 2624078 Ontario Inc., whereby Namaste would acquire 51% of the share capital of 2624078 Ontario Inc., which will undertake an application to become a Licensed Dealer (“LDâ€) of medical cannabis, in accordance with Health Canada regulations. Licensed dealers are authorized to perform research and development, analytical testing and conducting clinical studies with medical cannabis as well as importing medical cannabis for research purposes. The location for the LD facility is at 7 Canso Road in Etobicoke, Ontario and directly across the street from Namaste’s wholly owned subsidiary, Cannmart Inc.’s Access to Cannabis for Medical Purposes (“ACMPRâ€) facility. The purpose of Namaste’s investment and partnership with 2624078 Ontario Inc. is to facilitate research and development of medical cannabis extracts as well as for testing of imported medical cannabis products in accordance with ACMPR guidelines. Namaste’s partnership with 2624078 Ontario Inc. reinforces Namaste’s position as a leader in the medical cannabis industry and helps ensure that it will be a first-mover in the research and production of cannabis concentrates as it anticipates a growing demand for extracts in the future.
Key LOI Terms:
- Namaste will acquire 51% of the share capital of 2624078 Ontario Inc.
- Namaste and will provide debt financing of up to $750,000 CAD to complete construction of the LD facility.
- 2624078 Ontario Inc.’s existing management team will sign 3-year management agreements to provide operational oversight of the facility.
- Both parties will have 30 days from the date of execution of the LOI to negotiate terms of definitive documentation which will include a share purchase agreement and management agreements.
- The facility at 7 Canso Road will be constructed to meet ACMPR standards
The LOI and proposed share purchase agreement represent a significant milestone for Namaste in securing a facility that will facilitate the importation of unique strains of medical cannabis for testing purposes, as well as research and production of high potency cannabis extracts. If an LD license is obtained, Namaste will be able to import medical cannabis from international partners for the purpose of testing the product against ACMPR standards. In addition to providing the ability to import medical cannabis for research purposes, the LD license would also allow Namaste to begin research and development of medical cannabis extracts. Currently, the Company estimates that cannabis extract sales in the US represent over 50% of all dispensary sales. As Namaste anticipates further expansion of Canada’s legal medical cannabis platform, it expects to see significant industry trends towards these higher potency products. This LOI and the implications of obtaining an LD license for Namaste would ensure the Company’s position in what it expects to become a strong segment of the Canadian medical cannabis industry in the future.
Management Commentary
Daniel Stern, President and CEO of 2624078 Ontario Inc. comments; “We are very excited to be working with Namaste on this project. We believe that our experience in cannabis extraction technology and many years of experience in the general cannabis industry will facilitate the success of this partnership with Namaste, who we believe is a leading innovator in the Canadian medical cannabis community.â€
Sean Dollinger, President and CEO of Namaste comments; “We are very pleased to have signed this LOI as we feel confident in the future of medical cannabis extracts in the Canadian marketplace. Although high potency concentrates are not yet approved under ACMPR regulations, the LD license will provide Namaste with the opportunity to take the first steps towards not only researching and producing extracts but also engage in the process of importing medical cannabis for testing purposes. The management team of 2624078 Ontario Inc. has shown confidence in Namaste’s leadership abilities as demonstrated through our success in the industry to date. The launch of NamasteMD and our pending ACMPR sales license coupled with this LOI and the application for an LD license are important building blocks to solidify Namaste’s position as a leader in the Canadian medical cannabis industry.â€
About Namaste Technologies Inc.
Namaste is the largest online retailer for medical cannabis delivery systems globally. Namaste distributes vaporizers and smoking accessories through 24 e-commerce sites in 20 countries and with distribution hubs located around the world. Namaste has majority market share in Europe and Australia, with operations in the UK, Canada and Germany and has opened new supply channels into emerging markets including Brazil, Mexico and Chile. Namaste, through its acquisition of Cannmart Inc., is pursuing a new revenue vertical in online retail of medical cannabis in the Canadian market. Namaste intends to leverage its existing database of Canadian cannabis consumers, along with its expertise in e-commerce to create an online marketplace for medical cannabis patients, offering a larger variety of product and a better user experience.
On behalf of the Board of Directors
“Sean Dollingerâ€
Chief Executive Officer
Direct: +1 (786) 389 9771
Email: [email protected]
Further information on the Company and its products can be accessed through the links below:
NamasteTechnologies.com
NamasteMD.com
NamasteVapes.ca
Everyonedoesit.ca
FORWARD LOOKING INFORMATION This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, Namaste assumes no responsibility to update or revise forward looking information to reflect new events or circumstances unless required by law. 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 press 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. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The CSE has neither reviewed nor approved the contents of this press release.
betterU’s $BTRU.ca CEO to Speak at Global Leadership Summit in Singapore $ARCL $BPI $FC.ca
Posted by
at 8:54 AM on Thursday, April 5th, 2018
- On April 13th 2018, Brad Loiselle, CEO of betterU along with 15 other global leaders were invited to speak at the HT-Mint Asia Leadership Summit in Singapore
- Leadership Summit’s theme, The Road Ahead for Asia, will dive into the speakers’ viewpoints on future opportunities and advancements of the Asian markets
- Will include active participation from over 300 invited leaders from industry, government, academia and world influencers.
OTTAWA, Ontario, April 05, 2018 — betterU Education Corp. (TSX-V:BTRU) (FRANKFURT:5OGA), (the “Corporation†or “betterUâ€), is pleased to announce that on April 13th 2018, Brad Loiselle, CEO of betterU, along with 15 other global leaders were invited to speak at the HT-Mint Asia Leadership Summit in Singapore. The Leadership Summit’s theme, The Road Ahead for Asia, will dive into the speakers’ viewpoints on future opportunities and advancements of the Asian markets, and will include active participation from over 300 invited leaders from industry, government, academia and world influencers.
Over the years, this event has included some of the world’s most well-known thought leaders and influences such as Nobel Peace Prize Winner His Holiness the Dalai Lama, the 43rd President of the United States George W. Bush, Former Prime Minister of the United Kingdom David Cameron, current Prime Minister of India Narendra Modi, Nobel Peace Prize Winner and 45th Vice President of the United States Al Gore, Bollywood actors Shah Rukh Khan, Amitabh Bachchan and Hollywood Actress Nicole Kidman. The knowledge, experience, and impact of such past HT Leadership Summits has created positive advancements in the world and this year will be no different. The highlighted 2018 speakers include:
- Hon. Deputy Prime Minister of Singapore, Tharman Shanmugaratnam;
- Former Prime Minister of the United Kingdom, The RT. Hon. Tony Blair;
- Chairman of Tata Sons, Natarajan Chandrasekaran;
- MP, Indian National Congress, Jyotiraditya Scindia;
- CEO of betterU Education Corporation, Brad Loiselle;
- Former Indian Cricket Captain, Sachin Tendulkar;
- Chief Executive Officer International of Singtel, Arthur Lang;
- Founder of the Isha Foundation, Sadhguru;
- Actor and Producer, Aamir Khan;
- Executive Chairman YCH Group, Dr. Robert Yap;
- National University of Singapore, Prof. Wang Gungwu;
- Former Foreign Secretary of India, Dr. Subrahmanyam Jaishankar;
- National General Secretary, Janata Dal (United), Pavan K Varma;
- National General Secretary, Bharatiya Janata Party, Ram Madhav;
- Hon. Chief Minister of Andhra Pradesh, Nara Chandrababu Naidu; and
- Hon, Minister of Road Transport, Highways, Shipping and Water Resources, River Development and Ganga Rejuvenation, India, Nitin Gadkari.
The 21st century has been dubbed the ‘Asian Century.’ Riding the crest of seemingly unstoppable growth, Asia’s rise has captured the popular imagination for three decades. By measures including gross domestic product, trade volumes, technological prowess and military capabilities, Asia has emerged as the world’s third pillar, of which Singapore, India and China are the success hotspots and power base.
“I am thrilled and honored to be counted amongst such a wonderful roster of speakers and to have the opportunity to bring forth my views on such important topics. India has the potential to be one of the world’s economic leaders and I look forward to my panel discussion on the Opportunities in the Emerging Business Ecosystems,†said Brad Loiselle, CEO of betterU.
About betterU
betterU, a global education to employment platform, aims to provide access to quality education from around the world to foster growth and opportunity to those who want to better their lives. 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 education-to-employment ecosystem. betterU’s offerings can be categorized into several broad functions: to compliment school programs with flexible KG-12 programs preparing children for next stage of education, to provide access to global educational opportunities from leading educators, to foster an exceptional educational environment by providing befitting skills that lead to a better career, to bridge the gap between one’s existing education and prospective job requirement by training them and lastly, to connect the end user to various job opportunities.
www.betterU.ca and www.betterU.in
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This press release may contain forward-looking statements and information, which may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with betterU’s growth, the state of the financial markets, regulatory risks and other factors. There can be no assurance or guarantees that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, betterU disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise. Readers should not place undue reliance on any statements of forward-looking information that speak only as of the date of this release. Further information on betterU’s public filings, including their most recent audited consolidated financial statements, are available at www.sedar.com.
For further information, please visit http://www.betteru.ca/investor-overview/
On behalf of the Board of Directors,
better Education Corp.
Brad Loiselle, CEO
For further information:
Investor Relations
1-613-695-4100 Ext. 233
Email: [email protected]