Posted by AGORACOM
at 8:16 AM on Wednesday, August 26th, 2020
TORONTO, ON / ACCESSWIRE / August 26, 2020 / Gratomic Inc. (“GRAT” or the “Company”) (TSXV:GRAT)(OTC PINK:CBULF)(FRANKFURT:CB81) (WKN:A143MR) wishes to announce that its anticipated custom equipment order from China has been safely received ahead of schedule and is currently on site at the Walvis Bay Port in Namibia. This equipment is required for the completion of its Aukam Graphite Mine processing plant construction.
The various components including thickener tanks, cyclone, filter press and chipper, rotary dryer and various additional pieces required for facility completion will be inspected, loaded, and shipped to the Aukam property via trucking service upon clearing customs.
The early arrival has no impact on the Company’s prior construction schedule as preparations are currently meeting Gratomic’s previously scheduled timelines.
About Gratomic Inc.
Gratomic is a materials company focused on mine to market commercialization of graphite products and components for a range of mass market products. The Company currently holds two off-take purchase agreements for graphite product sourced from the Aukam facility. One agreement is with TODAQ and the other is with Phu Sumika. The Company is listed on the TSX Venture Exchange under the symbol GRAT.
For more information: visit the website at www.gratomic.ca or contact:
“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.”
Posted by AGORACOM
at 2:41 PM on Tuesday, August 25th, 2020
Aukam Graphite processing plant is on schedule for commissioning in October of 2020
TORONTO, ON / ACCESSWIRE / August 25, 2020 / Gratomic Inc. (“GRAT” or the “Company”) (TSXV:GRAT)(OTC PINK:CBULF)(FRANKFURT:CB81)(WKN:A143MR) is pleased to announce an engineering update on the final layout and general assembly for its Aukam Graphite Mine processing plant, which is currently under construction and scheduled for commissioning in October of 2020.
General Assembly and final layout have been completed and work has commenced on site preparations required to accommodate the Company’s additional processing equipment, which is currently en route from China including thickener tanks, cyclone, rotary dryer, filter press, and various additional components.
The staff has safely returned to the Aukam site and are currently conducting excavation work in preparation for the pouring of the concrete foundations. Foundational steelwork has been installed to allow for the pouring of concrete. To date, approximately 100 tonnes of excavation groundwork has been completed to accommodate the construction of these foundations. Gratomic has identified two contractors that will complete the steelwork and installation for the platforms, catwalks, and additional necessary components.
Gratomic’s custom engineered and self-constructed facility was designed to encompass the highest degree of efficiency and effectiveness possible. Upon commissioning, this plant is intended to exceed production capabilities demonstrated by many of its competitors by generating minimal environmental impact.
About Gratomic Inc.
Gratomic is a materials company focused on mine to market commercialization of graphite products and components for a range of mass market products. The Company currently holds two off-take purchase agreements for graphite product sourced from the Aukam facility. One agreement is with TODAQ and the other is with Phu Sumika. The Company is listed on the TSX Venture Exchange under the symbol GRAT.
For more information: visit the website at www.gratomic.ca or contact:
Posted by AGORACOM
at 9:29 AM on Tuesday, August 25th, 2020
“I’d just like to re-emphasize, any mining companies out there, please mine more nickel,” said Musk
Nickel is arguably the single most important metal component in EV batteries.
In the popular imagination, lithium is the element that powers EVs. However, as Elon Musk has pointed out, the term “lithium-ion batteries” is something of a misnomer, because they don’t really contain that much lithium. “Although [they’re] called lithium-ion, the actual percentage of lithium in a lithium-ion cell is approximately 2%,” Musk explained at Tesla’s 2016 shareholder meeting. “Technically, our cells should be called nickel-graphite, because the primary constituent in the cell as a whole is nickel.”
More recently, Musk reiterated the importance of nickel, and made what sounded to some like an urgent plea for more of the stuff. “I’d just like to re-emphasise, any mining companies out there, please mine more nickel,” said Musk during Tesla’s latest quarterly conference call. “Wherever you are in the world, please mine more nickel and…go for efficiency, obviously environmentally-friendly nickel mining at high volume. Tesla will give you a giant contract for a long period of time, if you mine nickel efficiently and in an environmentally sensitive way.”
However, meeting the expected surge in demand for element #28 may not be so easy, because of various supply-side issues. In a recent interview with Kitco News, Michael Beck, Managing Director at Regent Advisors, said he sees something of a “perfect storm” brewing in the nickel trade.
A Tesla Model 3 contains around 30 kilograms of nickel, Beck told Kitco’s Michael McCrae. “Nickel is probably the single most important metal component in battery fabrication. It’s where all of the energy is stored, and increasingly battery chemistries are being refined to allow the inclusion of as much nickel as possible. The more nickel, the higher the energy density of the battery.”
The spotlight on nickel is a recent development. Nickel prices collapsed in 2007, and there’s been little development of new capacity since then, says Beck. “In this intervening almost 12 years there was no material investment in new nickel capacity. The last 12 years has been a drawdown of excess inventory, and that’s coming to an end. The ramp-up of demand is just beginning.”
The long lead time for bringing new nickel mines into production is another constraining factor. “It takes 7 to 10 years to bring on new nickel projects,” says Beck. “So, you have the makings of a perfect storm. You have a baked-in structural deficit for the next 12 years…you have inventories in the next 18 months going down to almost zero. You also have this new demand source that never existed for nickel.”
Above: Ken Hoffman, senior expert at McKinsey, weighs in on Tesla’s need for nickel in order to expedite the EV revolution (YouTube: Kitco NEWS)
All that would seem to add up to an investment opportunity for somebody. “In the universe of metals, [nickel is] our favorite,” says Beck. “We think in the next two to three years you’re going to see a major up-tick of the nickel price…as shortages emerge, and that’s what’s going to be required to get new investment in the sector.”
So, what companies are poised to take advantage of the coming nickel rush? “Maybe the most interesting in the larger cap of established players is Norilsk,” says Beck. “They’re the number-two nickel producer, and they’re based in Russia. That’s probably the single best large-cap way to get exposure to nickel. It’s a major producer of the metal, and when nickel goes up, their share price goes up accordingly. At the smaller cap end of the spectrum, there are a bunch of smallish nickel explorers and emerging developers.”
Over the next few years, Beck believes that nickel shortages will emerge, and most companies with nickel exposure will benefit. However, there’s another factor in play. Tesla and other EV-makers are naturally eager to get their raw materials from sustainable sources. The industry has invested much effort and cash in cleaning up its supply chain for cobalt. Elon’s recent plea for nickel specified that it needed to be mined in an environmentally sensitive way. (Norilsk, by the way, has recently been involved in not one but two oil spills in Russia’s Arctic region.)
Vancouver-based Giga Metals quickly responded to Elon’s appeal, saying that it has a source of environmentally-responsible nickel in development. As Matthew Hall reports in Mining Technology, Giga Metals owns a property called Turnagain in north-central British Columbia, which it says is one of the largest undeveloped sulphide nickel projects in the world, and also contains cobalt.
Canada has plenty of nickel mines, but Giga Metals has a unique vision for the Turnagain mine. “Our goal is to be the world’s first carbon-neutral mine,” said Giga Metals President Martin Vydra. “We plan to use power from BC Hydro’s clean energy grid, which will involve more capital expenditure than the alternatives, but is the right thing to do.”
Above: Tesla’s Model 3 (Source: EVANNEX; Photo by Casey Murphy)
“If you want environmentally-responsible nickel, I really think you have to look at sulphide deposits in first-world jurisdictions such as Canada and Australia,” said Giga Metals CEO Mark Jarvis. “Canada has several very large, low-grade, open-pittable sulphide nickel deposits waiting to be developed, including Canada Nickel’s Crawford deposit, Waterton’s Dumont deposit and our own Turnagain deposit. Canada has some of the toughest environmental regulations in the world, so if you buy your nickel from Canada, you can be assured that this part of your supply chain is ethically sourced.”
Posted by AGORACOM-JC
at 1:54 PM on Monday, August 24th, 2020
InnoCan – Developing The Pharmaceutical Guided Missile To Defeat Coronavirus Lung Infections
InnoCan Pharma Is A Pharmaceutical Company That Specializes In The Development Of New Drug Platforms Which Combine Unique Properties of Cannabinoids
WHY INNOCAN?
InnoCan has 3 fully operating divisions to address the market for Cannabis products. As a Cannabis investor, why limit yourself to a Company with just one specialty, when InnoCan offers you exposure to both the exploding world of cannabis pharma, as well as, a portfolio of patent-pending and launch ready consumer health products.
PHARMACEUTICAL – THE GUIDED MISSILE
Revolutionary Technology Targeting Lungs Infected With Coronavirus or other viral infections
Done By Combining CBD with Stem Cell Particles (Exosomes)
Research & Licensing Agreement with Tel Aviv University
Developing CLX, The ICBM Ballistic Missile Of Coronavirus Lung Infections
Separate breakthrough delivery and control release technology that enables the injection of CBD.
CONSUMER RETAIL – DERMA COSMETICS
A Premium Derma Cosmetics Brand
Containing Highly Concentrated Ingredients Formulated with CBD
Manufacturing & Supply Agreements – Europe and United States
Manufacturing Has Commenced For 9 Products As Of Q2 2020
Distribution Agreements – United Kingdom and Ireland
Relief & Go Spray – First Product Being Manufactured
FDA Technical Validation
FDA Approval To Commence Marketing In The United States
Manufacturing Commencement
New Jersey (United States Market)
Portugal (Asia and Europe Markets)
Sales Commence In H2 2020
SUPERIOR MANAGEMENT TEAM
The InnoCan Leadership Group Is Incomparable In The Small Cap World
Comprised Of Leading Israeli Pharmaceutical Executives
Executive Chairman (Ron Mayron) was the CEO Of Teva Israel, one of the largest generic pharmaceutical companies in the world
Co-Founder & VP Business Development (Yoram Drucker) was the Founder of 2 NASDAQ Companies (Pluristem & Brainstorm)
Chief Technology Officer (Nir Avram) is a former member of the pharma innovation team at Perrigo, producer of OTC consumer goods and specialty pharma.
Chief Executive Officer (Iris Bincovich) has a proven track record in opening global markets, having managed hundreds of successful transactions in OTC, cosmetics and dermatology.
Together they have built a formidable team at InnoCan
SEEING IS BELIEVING
FULL DISCLOSURE: Innocan Pharma is an advertising client of AGORA Internet Relations Corp.
Posted by AGORACOM
at 11:23 AM on Monday, August 24th, 2020
St-Georges Eco-Mining Corp. (CSE:SX) (CNSX:SX.CN) (OTC:SXOOF) (FSE:85G1)is pleased to release the initial fire assays results from the preliminary surface exploration campaign conducted on the Thor Gold Project in order to prepare this summer’s shallow drilling campaign.
The Company’s exploration team collected grab samples from the dry riverbed on both sides of the river running to the west of the historical work areas (See Fig 1.) A total of eight samples were cut from the outcrops.
Figure 1. Project historical work locations and current targeted area in Red.
All grab samples have shown the presence of gold with assays results ranging from 0.001 g/t to 37.4 g/t.
The grab samples collected from the outcrop are, by nature, selected samples and are not necessarily representative of the mineralization hosted on the property.
Three of the grab samples located between 50 and 150 meters of the historical workings are deemed significant enough to warrant some adjustment to the previously planned shallow drilling grid for this summer’s campaign. These grab samples yielded the following results (Table 1):
Silver g/t
Copper %
Gold g/t
Lead
Sample 003
5.9 g/t
0.015%
11.75 g/t
Not significant
Sample 007
0.6 g/t
0.014%
2.47 g/t
Not significant
Sample 008
69.3 g/t
0.216%
37.4 g/t
4.37%
Table 1. Fire Assays Results
Quality Control
Samples were collected and bagged by the SX geological team and transported in secure bags directly from the site to Iceland Resources’ secured warehouse facilities in Keflavik. From there, two Q/C blank samples were added to the other eight samples, and the batch traveled by plane to ALS Global Laboratories (ISO/IEC 17025 accredited) in Loughrea, Ireland. All samples were tested using four acid trace analysis (ME-ICP61). Samples that yielded precious metals content in excess of 10 ppm were analyzed a second time via gravity separation and fire assay finish.
About Thor Gold
The Thormodsdalur Gold Project is located about 20km east of the city center of Reykjavik and south-east of Lake Hafravatn. The project was discovered in 1908. The property produced a gold concentrate from 1911 to 1925, which was shipped to Germany for processing. Over 300 meters of tunnels explored and mined one or more quartz veins and wall rock below open cuts at the surface.
Studies between 1996 and 2013 identified the project mineralization as a low sulfidation system hosted by basic to intermediate flows of Pliocene to Miocene age. The host contains banded chalcedony and ginguro within a fault zone up to five meters in width. To date, the identified gold trend has a known strike length of 700 meters determined by drill intercepts. Petrographic analysis of the vein material identified gold occurring in its free form and as part of an assemblage with pyrite and chalcopyrite. Petrographic and XRD studies show an evolution of the vein system from the zeolite assemblage to quartz-adularia and, lastly, to minor calcite.
Thirty-two holes have been drilled within the license area, for a total of 2439 meters. Gold values vary from less than 0.5 g/t to a maximum of 415 g/t. (These values were obtained from selected random intervals and cannot be construed to be representative of any particular thickness or overall length.) The best intercepts from the diamond drilling are 33.5m of 8.0 g/t Au (true thickness) and 5.2m of 35.4 g/t Au (true thickness).
Gary McLearn, A professional geoscientist (Ontario APGO #2900) and an Independent Qualified Person as defined by National Instrument 43-101, has prepared and supervised the preparation and has approved the scientific and technical disclosure in the news release.
Mr. Herb Duerr, P. Geo. (AIPG, CPG #11498), a St-Georges’ director, has also reviewed the scientific and technical content of this release. Mr. Duerr is a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
ON BEHALF OF THE BOARD OF DIRECTORS
“Vilhjalmur Thor Vilhjalmsson”
Vilhjalmur Thor Vilhjalmsson
President and CEO
About St-Georges
St-Georges is developing new technologies to solve some of the most common environmental problems in the mining industry.
The Company controls directly or indirectly, through rights of first refusal, all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi region. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1
Posted by AGORACOM
at 10:57 AM on Monday, August 24th, 2020
SPONSOR: Tartisan Nickel (TN:CSE) Kenbridge Property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper. Tartisan also has interests in Peru, including a 20 percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property. Click her for more information
Tesla is hands down the biggest seller of electric vehicles (EVs) in the world’s largest economy, accounting for 81 per cent of the 87,398 EVs sold in the US in the first quarter.The Model 3 was the most popular, racking up sales of 38,314 for the three-month period.Second and third in the EV sales race were Tesla’s Model Y and Model X, with sales of 18,861 and 9,500 respectively, according to data from UK investor website Buy Shares.
America’s best-selling EVs in the first half of 2020. Source: Buy Shares
But just which other metals is the billionaire tech icon going to need more of?
EVs drive consumption of copper, cobalt and nickel
The Model 3 is Tesla’s most affordable EV at a retail price of $73,900 and requires 50kg of nickel, 4.5kg of cobalt, and approximately 130lbs of copper, according to reports.
Model 3 sales in Q1 for the US market would have accounted for 172 tonnes of cobalt, 2,260 tonnes of copper, and 1,915 tonnes of nickel.
Tesla Gigafactory 1, where Model 3 battery cells are produced. Source: Tesla
Tesla’s total EV sales in the three-month period would require 321 tonnes of cobalt, 4,208 tonnes of copper, and 3,568 tonnes of nickel.
With the push for a “circular economy” to reduce the waste going to landfill and a shortage of supply of critical minerals, major car and battery makers are turning to recycled material.
Tesla recycled 1,000 short tons of nickel, 320 tons of copper, and 110 tons of cobalt in 2019, according to Tesla’s impact report.
“None of our scrapped lithium-ion batteries go to landfilling, and 100 per cent are recycled,” Tesla said.
Tesla is building a battery recycling system at its Gigafactory in Nevada that will process end-of-life batteries.
“Through this system, the recovery of critical minerals will be maximised along with the recovery of all metals used in Tesla battery cells, such as copper, aluminium and steel,” the company said.
EcoGraf, meanwhile, recovered graphite from a range of ‘black mass’ material from recycled batteries.
Black mass is the residual graphite material remaining after hydrometallurgical processes have recovered the high-value cathode metals from end-of-life lithium-ion batteries and is typically relegated to landfill.
Posted by AGORACOM-JC
at 8:25 AM on Monday, August 24th, 2020
Multi-state operator and diversified cannabis branding company generates record quarterly revenue and delivers profitable second quarter
Revenue generated for the three-month period ended June 30th, 2020 was $8.47 million versus $0.2 million from the second quarter last year, representing significant year over year revenue growth
Revenue was primarily generated from the sale of concentrates, pre-rolls and contract manufacturing services
VANCOUVER, BC, Aug. 24, 2020 –Hollister Biosciences Inc. (CSE: HOLL), (OTC: HSTRF), (FRANKFURT: HOB) (the “Company“, “Hollister Cannabis Co.” or “Hollister“) a diversified cannabis branding company with products in over 230 dispensaries throughout California, and over 80 dispensaries throughout Arizona, announces financial results for the second quarter 2020 (ended June 30th, 2020). All figures in US Dollars unless otherwise stated.
Second Quarter Financial Highlights
Revenue generated for the three-month period ended June 30th, 2020 was $8.47 million versus $0.2 million from the second quarter last year, representing significant year over year revenue growth
Revenue was primarily generated from the sale of concentrates, pre-rolls and contract manufacturing services
Net income for the three-month period ended June 30th, 2020 was $0.3 million compared to a net loss of $2.1 million in the first quarter of 2020
“Our second quarter results are encouraging and in line with our objective to increase revenue and profitability” shared Alex Somjen, President of Hollister Biosciences Inc. “These financial results are a product of increased brand awareness, strategic M&A and strategic partnerships put in place over the previous six months.”
Operational Highlights and Strategic Objectives for 2020
The challenges presented by the COVID-19 pandemic have accelerated Hollister’s plans to roll out direct to consumer delivery
The brand will be called “Dreamy Delivery” and the first delivery hub is expected to launch in the fourth quarter of 2020 with statewide delivery anticipated by the end of 2021
Design and build-out of Hollister’s 100% owned subsidiary, Venom Extracts, in the Company’s Hollister, CA facility are underway
Product development and product launch associated with the Company’s joint venture with Tactical Relief and the Company’s 100% owned subsidiary, Alpha Mind Brands Inc., respectively, are progressing
The Company’s partnership with Tommy Chong’s Cannabis is progressing well, with Tommy Chong’s Full Spectrum Elixir now being distributed in 20 dispensaries throughout the state of California by Hollister’s distribution partner Indus Holdings Inc. (CSE: INDS)
“Enormously proud of our teams in Arizona & California. Our staff continues to overcome obstacles like the global pandemic while posting record revenue numbers. We look forward to continuing to execute on our plans while increasing value for our shareholders.” Said Carl Saling CEO of Hollister Biosciences.
About Hollister Biosciences Inc.
Hollister Biosciences Inc. is a multi-state cannabis company with a vision to be the sought-after premium brand portfolio of innovative, high-quality cannabis & hemp products. Hollister uses a high margin model, controlling the whole process from manufacture to sales to distribution or seed to shelf. Products from Hollister Biosciences Inc. include HashBone, the brand’s premier artisanal hash-infused pre-roll, along with concentrates (shatter, budder, crumble), distillates, solvent-free bubble hash, pre-packaged flower, pre-rolls, tinctures, vape products, and full-spectrum high CBD pet tinctures. Hollister Cannabis Co. additionally offers white-labeling manufacturing of cannabis products. Our wholly-owned California subsidiary Hollister Cannabis Co is the 1st state and locally licensed cannabis company in the city of Hollister, CA birthplace of the “American Biker”.
The CSE, nor its regulation services provider, does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Information: This news release includes certain statements that may be deemed “forward-looking statements”. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “would”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com
Posted by AGORACOM
at 8:13 AM on Monday, August 24th, 2020
Fortescue Metals Group Limited holds 19.9% shareholding in the Company.
Fortesque is a strategic Advisor to advance Canariaco Norte
VANCOUVER, British Columbia, Aug. 24, 2020 (GLOBE NEWSWIRE) — Candente Copper Corp. (TSX:DNT, BVL:DNT) (“Candente Copper” or the “Company”) is pleased to announce that Mr. Agustin Pichot has been appointed to the board of directors of Candente Copper, representing Fortescue Metals Group Limited (“Fortescue”) who has a 19.9% shareholding in the Company.
Mr. Pichot is President of Fortescue South America and is responsible for the development of Fortescue’s mining, energy and infrastructure business across the region.
Previously (in 2000) Mr. Pichot founded Pegas Group, a large South American sport media and marketing agency and also worked in asset management and global investment strategies in the financial sector in Argentina from 2015 to 2018.
Prior to 2010, Mr. Pichot spent 16 years as a player and national captain in world rugby representing Argentina and France. He also served as an Executive Board Member, for both the Argentina Rugby Union and the International Rugby Board between 2011 and 2020. A philanthropist, Mr. Pichot is also part of the executive teams of two foundations, Fundación Enrique Alberto Pichot and the Minderoo Foundation.
On another matter, John Black has advised the company that due to his many other demanding commitments, he has decided not to stand for re-election as Director at the upcoming Annual General Meeting (“AGM”) in September. We are pleased to advise, however, that Mr. Black will stay on as an advisor to the Company and as a member of the Cañariaco Norte Technical Committee, which the Company is forming with Fortescue.
About Candente Copper Candente Copper is a mineral exploration company engaged in acquisition, exploration, and development of mineral properties. The Company is currently focused on its 100% owned Cañariaco project, which includes the Feasibility stage Cañariaco Norte deposit as well as the Cañariaco Sur deposit and Quebrada Verde prospect, located within the Western Cordillera of the Peruvian Andes in the Department of Lambayeque in Northern Peru.
On behalf of the Board of Candente Copper Corp.
“Joanne C. Freeze” P.Geo. President, CEO and Director ___________________________________ For further information please contact:
Posted by AGORACOM-JC
at 10:59 AM on Sunday, August 23rd, 2020
Beyond The AGM – St-George Eco-Mining, Segment 1 – Iceland
St-Georges Eco-Mining President and CEO, Vilhjalmur T. Vilhjalmsson and Dr Helen Salmon, one of the most knowledgeable academics that has specialised in Iceland Geology, discuss the state of mineral exploration in Iceland. *Includes answers to questions posted by St-Georges shareholders on AGORACOM Q&A
St-Georges Eco-Mining President and CEO, Vilhjalmur T. Vilhjalmsson and Enrico Di Cesare, President and CEO of St-Georges Metallurgy (A subsidiary of SX specialised in R&D) discuss the Company’s Lithium Processing Technology *Includes answers to questions posted by St-Georges shareholders on AGORACOM Q&A
Beyond The AGM – St-George Eco-Mining, Segment 3 – Canadian Resource Assets
Frank Dumas, COO & Director of St-Georges Eco-Mining, discusses the status of the Company’s Canadian exploration assets, including Julie and Manicouagan. *Includes answers to questions posted by St-Georges shareholders on AGORACOM Q&A
—-
Beyond The AGM – St-George Eco-Mining, Segment 4 – Borealis
Frank Dumas, COO & Director of St-Georges Eco-Mining, discusses the status of Borealis, a Distributed and Decentralised Digital Derivative marketplace that is currently 100% owned by St-Georges and is located in Iceland. *Includes answers to questions posted by St-Georges shareholders on AGORACOM Q&A
St-Georges Eco-Mining President and CEO, Vilhjalmur T. Vilhjalmsson and Frank Dumas, COO & Director of St-Georges Eco-Mining, discuss the overall status of the Company, it’s recovery from August 2018 and bright future looking forward. *Includes answers to questions posted by St-Georges shareholders on AGORACOM Q&A
Posted by AGORACOM
at 12:23 PM on Saturday, August 22nd, 2020
Acquired the rights to an E-commerce software platform that provides the Company with the opportunity to capture previously unrealized value from the products it launches in the online natural health market.
August 22, 2020 / Thoughtful Brands Inc. (CSE:TBI)(FWB:1WZ1)(OTCQB:PEMTF) (the “Company” or “Thoughtful Brands“) is pleased to announce that its wholly-owned subsidiary, Ecommerce Tech LLC, has acquired the rights to an E-commerce software platform (the “Software“) from Unified Funding LLC’s wholly-owned subsidiary, Offer Space LLC (“Offer Space“). The acquisition of the asset provides the Company with the opportunity to capture previously unrealized value from the products it launches in the online natural health market.
The Software has facilitated over Cdn$350 million in consumer transactions, including Cdn$93.8 million in 2019. The asset will enhance the management of the Company’s already profitable online brands, and will allow the Company to launch new products and enter into emerging natural health markets worldwide, more efficiently. In addition to providing immediate value to the existing brands owned and operated by Thoughtful Brands, the newly acquired E-commerce platform is expected to reduce current operating costs.
“The Company was very successful in its negotiations with Unified Funding, and ultimately acquired the asset for US$1 million. The Company’s success in negotiating such favorable terms not only results in less dilution for existing Thoughtful Brands shareholders, it also adds immediate value to the Company,” stated Ryan Hoggan, Chief Executive Officer of Thoughtful Brands. “This acquisition is a critical milestone in executing our strategy to further our reach in the natural health products sector. Now that we own the software platform, integral technology and top brands, we will further develop and launch our own platform that will be even more powerful and fit in with our overall strategy.”
Thoughtful Brands’ existing portfolio of direct-to-consumer hemp-CBD brands includes Nature’s Exclusive, whose roster of topicals and oils available in North America generated more than Cdn$28 million in sales in 2019, and Sativida. The Company also recently acquired two leading E-commerce brands selling natural health products in the United States, Golden Path and Wild Mariposa.
Transaction Details
The Company has acquired the Software from Unified Funding LLC’s wholly-owned subsidiary, Offer Space, in consideration for US$1,000,000 (the “Purchase Price“), which was satisfied through the issuance of 6,290,170 common shares of the Company (the “Consideration Shares“) issued at a deemed price of Cdn$0.2094. The Company also paid an administrative fee of 62,902 common shares of the Company to a consultant who assisted with the transactions (the “Administrative Fee Shares“).
The Consideration Shares and Administrative Fee Shares are subject to a statutory hold period until December 22, 2020, in accordance with applicable securities laws.
About Thoughtful Brands Inc.
Thoughtful Brands Inc. is an E-commerce technology company that researches, develops, markets, and distributes natural health products through various brands in North America and Europe. Through continuous strategic acquisitions, the Company has a strong footprint in the CBD market, as well as the burgeoning psychedelic medicine sector. Thoughtful Brands owns and operates a 110,000 square foot pharmaceutical manufacturing facility in Radebeul, Germany, where its highly skilled team conducts clinical studies utilizing naturally occurring psilocybin and other compounds found in psychedelics for the treatment of opiate addiction, while planning for future opportunities to create proprietary psilocybin products.
ON BEHALF OF THE BOARD OF DIRECTORS THOUGHTFUL BRANDS INC.
