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Empower Clinics $CBDT.ca Receives Approval from #SQUARE to Process #CBD Product Sales in Clinics, Stores, Online, and throughout the Company Network Nationwide in the U.S. $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $OGI.ca

Posted by AGORACOM-JC at 8:18 AM on Monday, August 12th, 2019
  • Announced it has received approval from SQUARE, Inc. to accept card payments
  • Patients and customers can now purchase hemp-derived CBD products and diverse wellness products from Empower Clinics & Sun Valley Health online and in-store using the SQUARE payment processing system

VANCOUVER, Aug. 12, 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., is pleased to announce it has received approval from SQUARE, Inc. to accept card payments from customers that want to purchase CBD products and other wellness products from the Company in clinics, stores and online.

Patients and customers can now purchase hemp-derived CBD products and diverse wellness products from Empower Clinics & Sun Valley Health online and in-store using the SQUARE payment processing system, ensuring ease-of-use and a positive checkout experience.

“Providing our patients and customers with card payment options for CBD product purchases is imperative and the fact that SQUARE has approved us, affirms our professionalism and operating standards.” said Steven McAuley, Empowers Chairman & CEO. “The addition of SQUARE merchant services provides our customers the ability to purchase products in a simple and user-friendly manner, something that we all take for granted each day.”

Square tells its users online that, “We believe everyone should be able to participate and thrive in the economy.” They also say “That no one should be left out of the economy because the cost is too great, or the technology too complex.”

Merchant services enable businesses to accept credit and debit card payments from customers. Empower Clinics and its subsidiaries, have stable and strong partnerships with commercial banking providers in the Pacific Northwest and in Arizona.

About SQUARE

Square, Inc. is a financial services and merchant services aggregator, and mobile payment company based in San Francisco, California. The company markets several software and hardware payments products and has expanded into small business services.

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 operation by Q2 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.

SOURCE Empower Clinics Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2019/12/c2706.html

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Esports Entertainment Group $GMBL – #NetEase Plans $710M #Esports Park in Shanghai $TECHF $ATVI $TTWO $GAME $EPY.ca $FDM.ca $TNA.ca

Posted by AGORACOM-JC at 4:17 PM on Friday, August 9th, 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

———————–

NetEase Plans $710M Esports Park in Shanghai

  • Chinese game publisher NetEase announced its plans to invest over Â¥5B RMB ($710M USD) to build an “Esports Park” in the Shanghai Qingpu district.
  • Multiple esports projects will be hosted in the park related to product design, venue, teams development, talent construction, and user experiences.
  • NetEase will build China’s first “class-A venue” in the park, at a minimum of 50K square meters, and 5,000 seats. This follows the Shanghai government’s new classification and set of standards for esports venues.

Game publisher and the exclusive Chinese distributor of Blizzard Entertainment games, NetEase, announced that it plans to invest over Â¥5B RMB ($710M) to build the “NetEase Esports Park” in the Shanghai Qingpu district. 

The plan was announced at 2019 Global Esports Conference in Shanghai, held by the Shanghai government. Ding Yingfeng, president of NetEase, said that the plan would include multiple esports-related projects,  including those related to product design, team development, talent construction, and user experiences. 

Yingfeng also announced that the company will build China’s first “class-A esports venue” in the park. This is in accordance with a new classification and set of standards for esports venues announced by the Shanghai government. As a class-A esports venue, the facility is required to have a minimum size of 50K square meters, and 5,000 seats.

As well as being a distributor of Blizzard titles, NetEase owns the Shanghai Dragons, an Overwatch team which represents Shanghai in the Overwatch League (OWL). In July, Activision Blizzard announced that every Overwatch League team would host at least two homestand events next year, in place of the original home-away plan.  It is very likely that NetEase’s esports park will be used for the Shanghai Dragons’ homestand events, and will potentially become the team’s permanent home venue in 2021.

Source: https://esportsobserver.com/netease-esports-park-shanghai/

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AGORACOM Welcomes EMPOWER CLINICS $CBDT.ca with a patient count of 165,000 and a platform generating $5MM USD in revenue annually (2020) $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $OGI.ca

Posted by AGORACOM-JC at 2:30 PM on Friday, August 9th, 2019
(CSE: CBDT) (Frankfurt 8EC) (OTC: EPWCF)

Why Empower Clinics

  • A leading owner/operator of physician staffed health and pain management clinics.
  • Patient database of over 165,000 patients 
  • Proprietary technology platforms including Electronic Health Records portal and e-Commerce for CBD product distribution
  • Launching CBD extraction facility
  • First extraction system capacity = 6,000 Kg per year.
  • CBD based products are poised to be a $20B global industry by 2022
  • Medical cannabis is poised to be a $100B global industry by 2025

Recent Acquisition of Sun Valley Certification Clinics Holdings LLC

  • Created one of the largest clinic groups in the medical cannabis sector in the United States
  • Twelve (combined) clinic locations
  • Combined patient count of 165,000 patients
  • Platform generating $5MM USD in revenue annually (2020)
  • Operating in Washington, Oregon, Arizona, Nevada and California

According to the Brightfield Group report the CBD market in the U.S. has grown over 700% in 2019

  • The CBD industry is becoming much more saturated than it was before the passing of the U.S. Farm Bill late last year, with new products entering the market, threatening to take a slice of the CBD pie that the early producers of CBD have enjoyed until this time.
  • Nevertheless, the top 20 CBD companies still hold a majority of the even bigger pie that is CBD in the cannabis industry.

Technology

Developed proprietary software to manage patients through the medical cannabis process

  • A HIPAA compliant Electronic Health Record (EHR) system and patient management portal.
  • Tele-medicine platform to serve and treat patients remotely.
  • Launching an e-Commerce platform for it’s Sollievo and Sun Valley CBD product lines.


 Products

  • Commenced selling its proprietary line of CBD-based products called SOLLIEVO
  • Empower’s patient base and customers are expected to benefit from access to high margin derivative products, including CBD lotion, 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 Empower’s home delivery and e-commerce platform.

CBD Extraction

  • Opening first CBD Extraction facility in Portland, OR.
  • 5,000 sq. ft. leased building with first extraction system capable of producing 20kg per day of 99% spectrum oil, isolate or distillate
  • Current wholesale pricing is $6,500 USD per kg with annual capacity of 6,000kg an estimated $39MM USD revenue.
  • Facility can scale to four extraction systems for up to 24,000kg of product and over $150MM USD revenue

Franchising

  • Completed it’s 2019 Franchise Disclosure Document (FDD) and has commenced selling Sun Valley Health franchises in the United States.
  • Company is now selling Sun Valley Health franchises and is accepting franchise applications effectively immediately.
  • Invested in the development of a new franchise trade show booth that showcases the Sun Valley Health opportunity to perspective franchisees using dynamic, content rich displays and four large format television monitors to present features and benefits.

 Summary

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Enthusiast Gaming $EGLX.ca – #Esports: exciting, electronic and expanding $EPY.ca $FDM.ca $WINR $TCEHF $ATVI $TNA.ca

Posted by AGORACOM-JC at 9:59 AM on Friday, August 9th, 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

ESports: exciting, electronic and expanding

Dong Jun / SHINE

  • In the first six months of this year, eSports revenue in China rose 11 percent from a year earlier to 46.5 billion yuan. The industry draws in some 500 million people.

Visitors try new digital games at the ChinaJoy expo that closed earlier this week in Shanghai. ESports has become big business — a whirlwind of fans, professional players, gaming gear, prize events, broadcasting and training sessions. 

Iamawater, a veteran player of the game Dota 2, said he is considering paying about 10,000 yuan (US$1,429) for tickets and travel costs to the International DOTA 2 Championships to be held in Shanghai in two weeks.

It’s a top global eSports event and the first time the tournament is being held in China. The prize pool has risen to a staggering US$32 million.

Tickets to the final tournament session sold out within seconds after appearing in official sales channels. Scalpers are now hawking tickets at up to 10,000 yuan, nearly fourfold of the official price.

“The tournament is equal to the World Cup to me and other players,” said Iamawater, a gaming name for a man who works as a manager at a medical firm in Beijing. “It means even more when it’s held in Shanghai, with some advanced Chinese squads participating.”

ESports has become big business — a whirlwind of fans, professional players, gaming gear, prize events, broadcasting and training sessions. The phenomenon was called the “NBA or World Cup in the digital world” by some officials at the ChinaJoy digital entertainment expo that closed earlier this week in Shanghai.

In the first six months of this year, eSports revenue in China rose 11 percent from a year earlier to 46.5 billion yuan. The industry draws in some 500 million people.

During the ChinaJoy Expo and Conference, firms like Tencent, Perfect World, NetEase, Nvidia and Vivo all announced investment and strategies in eSports.

“It’s no longer a sub-category of the gaming industry, said Chi Yufeng, chairman of Perfect World, which assists in organizing the coming TI9 event in Shanghai.

The location is fitting. Shanghai accounts for one-third of domestic game market income and has plans to develop the city into a global eSports hub within three to five years.

In 2018, the city’s eSports industry raked in 14.6 billion yuan in revenue.

The development of eSports is a “city-level strategy” that will fuel the development of various industries and create a new business ecosystem, according to Yu Xiufen, director of Shanghai’s culture and tourism administration.

Ludwig Wahlberg spent his 22th birthday on August 5 in Shanghai, several thousand miles from his home in Sweden. As a professional eSports player on Team Secret, he and his team members have been spending up to 12 hours a day preparing for the upcoming tournament at the GeForce Boot Camp in Shanghai, Nvidia’s first and only GeForce eSports studio in China.

The camp offers professional computers and gear, including chairs specifically designed for eSports gaming

Sun Yan

Swedish eSports player Ludwig Wahlberg (left) spent his 22th birthday earlier this month in training with team members at the GeForce Boot Camp in Shanghai, Nvidia’s first and only such camp in China. 

Window into eSports

At Chinajoy, NetEase announced it will invest 5 billion yuan to establish an eSports industrial park in the Qingpu District. It will cover eSports research, venues, talent training and related sectors, said Ding Yingfeng, president of NetEase Games.

Smartphone vendors, including Vivo and Oppo, and chip designer Qualcomm displayed their latest technologies at the expo, with mobile eSports a centerpiece. That sector has huge potential in China, with the world’s largest mobile user base and its active development of 5G.

“5G will be a big boost for eSports, while its integration into many platforms will open up many other possibilities,” said Chi of Perfect World.

During ChinaJoy, Vivo launched its first 5G smartphone, with features like cloud games and eSports, thanks to improved calculation capacity and faster 5G speeds.

Vivo also displayed a virtual eSports team called Supex, with artificial intelligence features. It was co-developed by Vivo, Tencent AI Lab and Qualcomm.

At the expo, Shanghai officials announced guidelines for the construction of eSports venues and the first eSport masters tournament, to be held this November and December.

To become a global eSports hub requires development of top-tier tournaments, professional players, venues, audiences, eSports leagues and broadcasting and training facilities.

“Shanghai has most of those conditions and has made efforts to improve the whole eSports ecosystem,” said Jams Zhang, general manager of Nvidia China.

Nvidia, the world’s biggest computer graphic firm, has been a major contributor to that progress. Besides offering powerful graphic devices supporting eSports games, the company has offered tools for game broadcasting and created a camp for eSports training.

According to Shanghai guidelines, eSports venues will be categorized into four types based on size and capacity. A-level venues must be able to accommodate more than 10,000 people and host world-class events. Other venues will be used for national and regional game events, and livestream videos and host tryouts.

Li-Ning Gaming eSports, a new division of the sportswear company, said the potential of eSports in China will influence the industry far beyond its borders.

“We want to offer team management and related services for eSports tournaments and leagues, based on our long-term experience in the industry,” said Stella Li, executive director of Li-Ning Gaming eSports.

Perfect World has also cooperated with local academies to train eSports talent, including players, team managers and event organizers.

“I am looking forward to the event,” Iamawater said of the coming tournament in Shanghai. “Even if I have to watch broadcasting events to support my favorite team LGD.”

Source: https://www.shine.cn/biz/tech/1908099911/

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Spyder Cannabis $SPDR.ca – U.S. #CBD Sales to Grow an Average of 107% Annually Through 2023 $CGC $ACB $APH $CRON.ca $HEXO.ca $OGI.ca

Posted by AGORACOM-JC at 2:56 PM on Thursday, August 8th, 2019

SPONSOR: Spyder Cannabis Inc. (TSX-V: SPDR) An established chain of high-end vape stores in Ontario, Canada. The company has an aggressive expansion plan already in place that will focus on Canadian retail and US Hemp-Derived kiosks in high traffic areas. Click here for more info.

(TSX-V: SPDR)

A new report projects nearly $24 billion in U.S. cannabidiol sales by 2023.

By: Sean Williams

  • It’s no secret by now that the marijuana industry is a big-money business.
  • Having grown from $3.4 billion in legal global sales in 2014 to hit nearly $11 billion worldwide in 2018, it demonstrates just how quickly “going green” is catching on with consumers and investors.

However, there’s a potentially larger growth trend contained within the cannabis movement that investors simply have to know about: Cannabidiol (CBD).

Image source: Getty Images.

CBD growth could be off the charts

Cannabidiol is the nonpsychoactive cannabinoid that’s best known for its perceived medical benefits. Since products infused with CBD don’t get the user high, it has substantially broader appeal than products containing tetrahydrocannabinol (THC), the cannabinoid that gives consumers a buzz.

Further, CBD can be extracted from both the cannabis and hemp plant, whereas THC derives almost entirely from the cannabis plant, since hemp often contains very low levels of THC. Hemp plants are considerably cheaper to grow than cannabis, making hemp the preferred crop choice for CBD extraction.

The big question is: Just how big could the CBD market be?

Predictive analysis and market research company Brightfield Group believes it has the answer.

In a newly released report from Brightfield, the company is calling for year-over-year CBD product sales growth in the United States of 706% in 2019 to around $5 billion — not a typo – and sales of $23.7 billion by 2023. Comparatively, about $620 million worth of CBD products were sold last year in the United States (based on 706% growth to $5 billion). Growing CBD revenue from about $620 million in 2018 to $23.7 billion by 2023 works out to (drum roll) a compound annual growth rate (CAGR) of a whopping 107%! Compare that to some of the most robust broad-based growth estimates for cannabis, which call for a CAGR of around 25%, and you can see why CBD is all the buzz (without creating an actual buzz) on Wall Street.

Probably the next question on your mind is: How is such phenomenal growth possible?

According to the Brightfield Group, there are a number of catalysts fueling CBD’s rise.

Image source: Getty Images.

General retailers are stepping up

First, it sees significant sales growth from the entrance of major pharmacy chains into the CBD space. As you may be aware, CVS Health (NYSE:CVS) kicked things off in March by announcing plans to carry CBD topicals in approximately 800 stores across eight states. Walgreens Boots Alliance (NASDAQ:WBA) followed suit just days later by announcing its intention to carry CBD topicals in 1,500 stores in a handful of states. Rite Aid (NYSE:RAD) was last to join the party, with the company carrying CBD topicals in Washington and Oregon.

Traditionally, pharmacy chains are a low-margin business. Though the bulk of profits are derived from the pharmacy side of the equation, front-end store products are what can drive consumer loyalty and foot traffic. By adding CBD products to their stores, CVS Health, Walgreens Boots Alliance, and Rite Aid, are likely hoping that it brings in repeat business and new consumers.

Don’t overlook the role CVS Health, Walgreens, and Rite Aid have played in paving the way for other general retailers to carry CBD products. National grocery chain Kroger (NYSE:KR) recently announced plans to carry CBD items in 17 states, with Harvest Health & Recreation landing a game-changing partnership to supply CBD products to at least 10,000 gas-station convenience stores.

Image source: Getty Images.

Canadian licensed producers will soon make their mark

Secondly, Brightfield Group notes that Canadian marijuana producers entering the U.S. hemp market are bound to make a splash.

To date, nearly half of Canada’s major growers (i.e., those capable of at least 100,000 kilos of cannabis output per year) have announced their intention to enter the U.S. hemp market. This has been made possible as a result of President Trump signing the farm bill into law in December. This law legalizes the industrial production of hemp and hemp-derived CBD.

Read More: https://www.fool.com/investing/2019/07/14/us-cbd-sales-to-grow-an-average-of-107-annually-th.aspx

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New Age Metals $NAM.ca Files NI 43-101 Technical Report for Preliminary Economic Assessment on the River Valley #PGE #PGM Project in Sudbury $WG.ca $XTM.ca $WM.ca $PDL.ca

Posted by AGORACOM-JC at 8:34 AM on Thursday, August 8th, 2019

Highlights

  • Life of mine (LOM) of 14 years, with 6 million tonnes annually of potential process plant feed at an average grade of 0.88 g/t Palladium Equivalent (PdEq) and process recovery rate of 80%, resulting in an annual average payable PdEq production of 119,000 ounces
  • Pre-Production capital requirements: $495 M
  • Undiscounted cash flow before income and mining taxes of $586M
  • Undiscounted cash flow after income and mining taxes of $384M

August 8th, 2019 – Rockport, Canada – New Age Metals Inc. (NAM or the Company) (TSXV:NAM) (OTC:NMTLF) (FSE:P7J.F) Harry Barr, Chairman & CEO, stated; “We are pleased to announce that we have filed our National Instrument 43-101 Technical Report on the Preliminary Economic Assessment (PEA) on the Company’s 100% owned River Valley PGM Project in Sudbury, Ontario Canada (River Valley or the Project) titled “Technical Report, Updated Mineral Resource Estimate and Preliminary Economic Assessment of the River Valley Project” with an Effective Date of June 27, 2019, on SEDAR at www.sedar.com. The PEA demonstrates positive economics for a large-scale open pit mining operation, with 14 years of Palladium and Platinum production.”

(*) Cautionary statement NI 43-101: The PEA was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). Readers are cautioned that the PEA is preliminary in nature. It includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the PEA will be realized. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

All currency is stated as CDN$ unless stated otherwise.

PEA Highlights (CDN$ unless otherwise noted):
– Life of mine (LOM) of 14 years, with 6 million tonnes annually of potential process plant feed at an average grade of 0.88 g/t Palladium Equivalent (PdEq) and process recovery rate of 80%, resulting in an annual average payable PdEq production of 119,000 ounces
– Pre-Production capital requirements: $495 M
– Undiscounted cash flow before income and mining taxes of $586M
– Undiscounted cash flow after income and mining taxes of $384M
– Average unit operating cost of $19.50/tonne over the life-of-mine
– LOM average operating cash cost of $971 per ounce (US$709/oz) and all-in sustaining cash cost of $972 per ounce (US$709/oz) at a 1.37 CDN: USD exchange rate.
– A mining contractor will be engaged for the open pit mining – Pre-tax NPV (5%): $261M, After-tax NPV (5%): $138 M – Pre-tax IRR: 13%, After-tax IRR: 10%
– Assumed metal prices of US$1,200/oz Pd, US$1,050/oz Pt, US$1,350/oz Au, US$3.25/lb Cu, US$8.00/lb Ni, US$35/lb Co
– Using a + 20% Pd price sensitivity (to the base case of US$1,200/oz Pd) US$1,440 /oz Pd returns a pre-tax IRR of 19% and an after tax-IRR of 15%.
– River Valley process plant feed will be treated by a conventional sulphide flotation process plant to produce a single saleable PGE concentrate that will be transported to the Sudbury area for smelting/refining – Potential for up to 325 jobs at the peak of production

Project Economics and Sensitivities

The economic results of the PEA are summarized in Table 1 on an after-tax basis. The sensitivities and the impact of cash flows have been calculated for +/- 20% variations against the base case.

Table 1: Project Economics Sensitivity. All values shown are on an after-tax basis.

Project Sensitivity Analysis         
Pd Price Sensitivity         
% -20% -15% -10% -5% Base Case +5% +10% +15% +20%
US$/oz 960 1,020 1,080 1,140 1,200 1,260 1,320 1,380 1,440
NPV (CDN$ M) -23 16 59 98 138 179 220 260 300
IRR (%) 4 6 7 8 10 11 12 13 15
OPEX Sensitivity         
% -20% -15% -10% -5% Base Case +5% +10% +15% +20%
Cost Per Tonne 16 17 18 18 19 20 21 22 23
NPV (CDN$ M) 212 194 175 157 138 120 102 83 68
IRR (%) 14 12 11 10 10 9 8 7 7
CAPEX Sensitivity         
% -20% -15% -10% -5% Base Case +5% +10% +15% +20%
CAPEX (CDN$ M) 397 422 446 471 496 521 546 570 595
NPV (CDN$ M) 284 248 212 175 138 102 64 28 -6
IRR (%) 14 13 12 11 10 8 7 6 5

Updated Mineral Resource Estimate

The pit constrained Updated Mineral Resource Estimate which formed the basis of the PEA, is set out in Table 2 and was prepared by WSP under the supervision of Todd McCracken, P. Geo., an “Independent Qualified Person”, as defined in NI 43-101. The effective date of this Updated Mineral Resource Estimate is January 9, 2019. The Updated Mineral Resource database contains 710 boreholes with 106,554 assays records in the database, and 2,642 surface channel samplings. The Updated Mineral Resource Estimate was completed on the Dana North, Dana South, Pine, Banshee, Lismer, Lismer Extension, Varley, Azen, Razor, and River Valley Extension Zones, using the ordinary kriging (OK) methodology on a capped and composited borehole dataset consistent with industry standards. Validation of the results was conducted thought the use of visual inspection, swath plots and global statistical comparison of the model against inverse distance squared (ID2) and nearest neighbour (NN) models.

Table 2: Pit Constrained Updated Mineral Resource Estimate for River Valley PGM Project – Effective Date June 27, 2019.


Click Image To View Full Size

Class PGM + Au (oz) PdEq (oz) PtEq (oz)
Measured 1,394,000 1,701,000 1,701,000
Indicated 983,000 1,166,000 1,166,000
Meas +Ind 2,377,000 2,867,000 2,867,000
Inferred 841,000 1,059,000 1,059,000

Notes:

  1. 1.CIM definition standards were followed for the Mineral Resource Estimate.
  2. 2.The 2018 Mineral Resource models used Ordinary Kriging grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids.
  3. 3.A base cut-off grade of 0.35 g/t PdEq was used for reporting Mineral Resources in a constrained pit and 2.00 g/t PdEq was used for reporting the Mineral Resources under the pit.
  4. 4.Palladium Equivalent (PdEq) calculated using (US$): $950/oz Pd, $950/oz Pt, $1,275/oz Au, $1,500/oz Rh, $2.75/lb Cu, $5.25/lb Ni, $36/lb Co.
  5. 5.Numbers may not add exactly due to rounding.
  6. 6.Mineral Resources that are not Mineral Reserves do not have economic viability

7. The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.

About NAM’S PGM Division

NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project) in the Sudbury Mining District of Northern Ontario (100 km east of Sudbury, Ontario). Recently the Company announced the results of the first PEA (see News Release – June 27th, 2019) completed on the River Valley Project. The PEA has been developed by various independent consultants – P&E Mining Consultants Inc. (P&E) was responsible for the open pit mining, surface infrastructure, tailings facility, and project economics; DRA Americas Inc. (“DRA”) was responsible for all metallurgical test work and processing aspects of the Project; and WSP Canada Inc. (“WSP”) was responsible for the Mineral Resource Estimate. The PEA is a preliminary report, however, it has demonstrated that there are potentially positive economics for a large-scale mining open pit operation, with 14 years of Palladium and Platinum production.

On April 4th, 2018, NAM signed an agreement with one of Alaska’s top geological consulting companies. The companies stated objective is to acquire additional PGM and Rare Metal projects in Alaska. On April 18th, 2018, NAM announced the right to purchase 100% of the Genesis PGM Project, NAM’s first Alaskan PGM acquisition related to the April 4th agreement. The Genesis PGM Project is a road accessible, under explored, highly prospective, multi-prospect drill ready Palladium (Pd)- Platinum (Pt)- Nickel (Ni)- Copper (Cu) property. A comprehensive report on previous exploration and future phases of work was completed by Avalon Development of Fairbanks Alaska in August 2018 on Genesis.

On August 29, 2018, the Avalon report was submitted to NAM, management is actively seeking an option/joint-venture partner for this road accessible PGM and Multiple Element Project using the Prospector Generator business model. See our latest press release dated July 25, 2019 which details the current summer work program for the Genesis Project.

About NAM’S Lithium Division

The Company has eight pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba. Three of the projects are drill ready. The Company has applied for a drill permit for its Lithium Two Project and expects the final permit to be granted by the end of July. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holders for Lithium in the Winnipeg River Pegmatite Field. On January 15th 2018, NAM announced an agreement with Azincourt Energy Corporation (see Jan 15, 2018, Feb 22nd, 2018 and April 11th, 2018, May 2nd, 2018 Press Releases.

Qualified Persons and NI 43-101 Disclosure

The PEA was prepared under the supervision of Eugene Puritch, P.Eng. of P&E Mining Consultants Inc. The Updated Mineral Resource Estimate was prepared by Todd McCracken, P.Geo. of WSP Canada Inc. Metallurgical test work and process plant design and cost estimates were prepared by Jim Kambossos, P. Eng. of DRA Americas Inc. All three are independent Qualified Persons in accordance with NI 43-101. Mr. Puritch has reviewed and approved the technical information in this news release. Michael Neumann, P.Eng., Managing Director for NAM is the Company Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this news release.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr, Chairman and CEO

For further information on New Age Metals, please contact Harry Barr at 613-659-2773, or [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.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

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Posted in Featured, New Age Metals | Comments Off on New Age Metals $NAM.ca Files NI 43-101 Technical Report for Preliminary Economic Assessment on the River Valley #PGE #PGM Project in Sudbury $WG.ca $XTM.ca $WM.ca $PDL.ca

Empower Clinics $CBDT.ca Receives its #Hemp-Handlers Licence from Oregon Department of Agriculture and Commences Food Establishment Application to Produce Edibles $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $OGI.ca

Posted by AGORACOM-JC at 8:25 AM on Thursday, August 8th, 2019
  • Announced it’s Oregon State subsidiary, Empower Healthcare Corp. has been awarded it’s Hemp-Handlers License from the Oregon Department of Agriculture (ODA)
  • Under license number AG-R1062748IHH, allowing the Company to commence build-out and operate the new 5,000 sq. ft. extraction facility in Sandy, OR.

VANCOUVER, Aug. 8, 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., is pleased to announce it’s Oregon State subsidiary, Empower Healthcare Corp. has been awarded it’s Hemp-Handlers License from the Oregon Department of Agriculture (ODA) under license number AG-R1062748IHH, allowing the Company to commence build-out and operate the new 5,000 sq. ft. extraction facility in Sandy, OR.

The Company has also commenced the application process with the Oregon Department of Agriculture for the Food Establishment Plan permit that will allow the Company to manufacturer and produce a wide array of edible products in the new facility or in an adjacent location. Popular edible CBD products can include gummies, drinks & beverages, chocolate, pantry items such as peanut butter and honey and baked goods.

“The ODA has strict requirements regarding the award of a hemp-handlers license and/or a Food Establishment permit, to ensure that extraction operators and CBD product producers operate to the highest of standards.” said Steven McAuley, Empowers Chairman & CEO. “The award of the hemp-handlers license is a significant milestone for our company as we continue on our path of growth and vertical integration.”

The Company, with the support of the team at Pathangay Architects www.pathangayarchitects.com is now able to move into the next phase of facility design and building permit applications based on the ODA license approval. Preliminary security systems and IT networks have been installed and the Company anticipates draft architectural drawings to be completed in Q3 2019 and initial extraction equipment orders to be placed.

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 Solievo 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 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 operation by Q3 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.

SOURCE Empower Clinics Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2019/08/c2474.html

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

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Posted in All Recent Posts, Empower Clinics Inc., Featured | Comments Off on Empower Clinics $CBDT.ca Receives its #Hemp-Handlers Licence from Oregon Department of Agriculture and Commences Food Establishment Application to Produce Edibles $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $OGI.ca

INTERVIEW: Advance Gold $AAX.ca Circles Labor Day For Next #Gold & #Silver Data $MMG.ca $SIL.ca $FA.ca

Posted by AGORACOM-JC at 5:18 PM on Wednesday, August 7th, 2019

Advance Gold Corp. (TSXV: AAX) is smack in the middle of elephant country. 

10% of all the Silver ever produced on earth came within a 100km diameter of its past producing Tabasquena Mine.

What makes Advance Gold even more exciting is the fact they’ve found just as much gold as silver since they started drilling Tabasquena over the past couple of years.

After discovering a cluster of epithermal veins in the “first layer of their cake”, CEO Allan Barry Laboucan thinks he’ll find the massive source in the second layer…. Because that’s where mines all around him have found their source.

Watch this great interview with him to find out why you should be circling Labour Day on your calendar.

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Posted in Advance Gold, AGORACOM Via Satellite, Featured | Comments Off on INTERVIEW: Advance Gold $AAX.ca Circles Labor Day For Next #Gold & #Silver Data $MMG.ca $SIL.ca $FA.ca

Enthusiast Gaming $EGLX.ca – #Esports Are Beginning to Eclipse Traditional Sports $EPY.ca $FDM.ca $WINR $TCEHF $ATVI $TNA.ca

Posted by AGORACOM-JC at 12:05 PM on Wednesday, August 7th, 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

Esports Are Beginning to Eclipse Traditional Sports

More young people are dreaming of becoming professional gamers than professional athletes

In British Columbia and beyond, esports are booming. Many universities are forming esports teams for games like Overwatch, League of Legends, Rocket League, Counter-Strike, and Dota 2 to compete in collegiate leagues around the world. by Alex Rodriguez

  • In 2018, esports had a total audience size of 380 million, and esports research firm Newzoo predicts that that number will increase to 557 million by 2021.
  • As a result, an increasing number of large brands will sponsor events and tournaments, which has lead Newszoo to believe that esports will reach a market value of $1.7 billion USD by 2021, overtaking the revenue generated by rugby.

Last year in 2018, the owner of the Vancouver Canucks acquired an esports team to compete in the Overwatch League, a tournament league officially ran by Blizzard, the developers of Overwatch. This year, teams are competing in the league for a chunk of a $5 million prize pool. Many players competing in the Overwatch Collegiate Championships are scouted by large teams and play in hopes of being signed onto a bigger one. This gives talented players a clear path for graduating from being amateur competitors to professional gamers who can live off of their winnings and sponsorships.

Last year, the Rogers Arena was packed for the 2018 International Dota 2 championships, where 18 teams competed for more than $33 million—the largest prize pool for an esports event in history. Dota 2 is the esport with the largest prize pools in the world, and they are set to beat that record in 2019.

If you think that sounds like a lot of money, this year Fortnight will become the first game to offer a prize pool of $39 million for the Fortnight World Cup in July. With prize pools growing so large, it’s easy to see why gaming as a whole is flourishing. Instead of simply playing for fun, people are now seeing gaming as a possible investment in skills that could win you prizes.

The grand opening of the Gaming Stadium in Richmond on June 28 was a milestone for esports in British Columbia. With its construction came the creation of Canada’s first dedicated esports gaming stadium. 

They host competitive events most days of the week for various video games that either individuals or teams can sign up for. All of their events are broadcasted on Twitch—the leading live streaming platform for gamers and esports events—using great production quality. The Gaming Stadium is sure to cultivate new talent in the community as the local population will be able to go there to practice, socialize, and get a sense of what being an esports player feels like.

In 2018, esports had a total audience size of 380 million, and esports research firm Newzoo predicts that that number will increase to 557 million by 2021. As a result, an increasing number of large brands will sponsor events and tournaments, which has lead Newszoo to believe that esports will reach a market value of $1.7 billion USD by 2021, overtaking the revenue generated by rugby. They also predict that, with the help of esports, the global games market will generate over $180 billion USD.

As the life of a professional gamer continues to look more and more lucrative, it may eventually become more common for parents to push their children towards becoming a digital athlete than it is to involve them in traditional sports.

Source: https://runnermag.ca/2019/08/esports-are-beginning-to-eclipse-traditional-sports/

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Posted in All Recent Posts, Enthusiast Gaming Holdings Inc., eSports Investing, Featured | Comments Off on Enthusiast Gaming $EGLX.ca – #Esports Are Beginning to Eclipse Traditional Sports $EPY.ca $FDM.ca $WINR $TCEHF $ATVI $TNA.ca

FEATURE: 5 Small Cap Gold Stocks Benefiting From $1,400 Gold $AMK.ca $LAB.ca $AAX.ca $GGX.ca $GR.ca

Posted by AGORACOM at 7:30 PM on Tuesday, August 6th, 2019
  • US $ Gold prices have remained above $1400 for five weeks, due in part to Federal Reserve’s actions
  • Continued Central Bank accumulation of physical gold represents fundamental floor
  • A weakening US dollar accelerates Central Bank demand and reinforces policies to continue purchases.
  • 2018 purchases came in at 650 tons
  • Estimates peg Central Banks purchases at approximately 375 tonnes in the first half of 2019
  • Trade wars ( China ) and Geopolitical conflicts ( Iran ) are price supportive
  • Technical factors support higher long term gold prices and renewal of bull market
  • Higher prices make marginal projects economic
  • Exploration becomes a renewed focus to supply future demand
https://www.kitco.com/news/2019-07-31/images/CentralBanksCapitalEconomics.PNG

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American Creek Resources (TSX-V: AMK)

American Creek owns a 20% Carried Interest to Production at the Treaty Creek Project in the Golden Triangle. 2019’s first hole averaged 0.683 g/t Au over 780m in a vertical intercept. The Treaty Creek property is located in the same hydrothermal system as Pretivm and Seabridge’s KSM deposits. Eric Sprott recently made a strategic 1$M investment in AMK

Hub On AGORACOM

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(TSX-V: LAB)

Lead by Shawn Ryan and Roger Moss, LAB has 2 district scale Gold projects in Labrador that have never seen any modern exploration techniques. Ashuanipi and Hopedale are being systematically explored for gold potential utilizing the same techniques that created the White Gold discoveries.  At Ashuanipi , a 15km long by 2 to 6 km wide north-south trend exists and a second 14 km long by 2 to 4 km wide east-west trend exists. At Hopedale, 2019 exploration has discovered two new mineralized showings.First showing extends potential strike length by approximately 500 metres along strike of the Thurber Dog gold occurrence; Second showing was discovered in the Misery North area

Hub On AGORACOM

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Image result for ggx gold
(TSX-V: GGX)

GGX gold has discovered high grade gold silver and tellurium in the Greenwood-Republic mining camp, British Columbia. The current 2019 drill program follows up on 2018 intercept of high grade gold-silver (129 g/t gold and 1,154 g/t silver over 7.28 meter) from the near surface COD vein which is projected to be 1.5 kms in length. In addition tellurium grades were announced with “up to 3,860 g/t tellurium”, including “823 g/t tellurium over 7.28-meter core length” and “640 g/t tellurium over 6.90-meter core length. 2019 drilling on COD North is currently underway.

Hub on AGORACOM

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https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564603/hub/GREATATLANTIC_LOGO_TESTER-e1480712241913.jpg
(TSX-V: GR)

Great Atlantic is situated between Marathon Gold and Sokoman in Canada’s newest emerging gold district. The Company reported a NI 43-101mineral resource estimate for the JMZ in late 2018 on Golden Promise and 2019 is focused on prospecting and geochemical sampling at high priority targets within the property. Planned 24 hole program in the northern half of the property at the gold-bearing Jaclyn Zone, specifically at the Jaclyn Main Zone (JMZ) and Jaclyn North Zone (JNZ).

Hub on AGORACOM

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FULL DISCLOSURE: All companies listed above are advertising clients of AGORA Internet Relations Corp.

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Posted in Advance Gold, AGORACOM Client Feature, All Recent Posts, American Creek Resources Ltd., Featured, GGX Gold Corp., Great Atlantic Resources, Labrador Gold | Comments Off on FEATURE: 5 Small Cap Gold Stocks Benefiting From $1,400 Gold $AMK.ca $LAB.ca $AAX.ca $GGX.ca $GR.ca

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