Posted by AGORACOM
at 9:00 PM on Saturday, July 20th, 2019
SPONSOR: Applied Biosciences Corp. is a vertically integrated company focused on the development of science-driven cannabinoid therapeutics and biopharmaceuticals, as well as state-of-the-art testing and analytics. As a leading company in the CBD, Pet and Health and Wellness space, the company is currently shipping to the majority of US states as well as to 5 International countries. Click Here for More Info
Shifts across the U.S. CBD industry signal a seven-fold increase in the market
Bulk of growth coming from CVS, Walgreens, and Kroger entering the market and providing availability to consumers
1.0% of CBD companies were in the top tier (with sales of $40+ million or being sold in greater than 1000 stores) while 92.9% of companies were in the low tier (with sales of <$1 million or being sold in 0-100 stores)
In their recent report, Brightfield Group, a leading market and
consumer intelligence firm for the legal CBD and cannabis industries,
uncovered numerous shifts across the U.S. CBD industry, signaling a
seven-fold increase in the market. With hemp-derived CBD gaining in
popularity – in line with health, wellness, and anti-pharma trends – and
product availability and variety increasing, the market is on track to
grow to $23.7 billion through 2023.
“The CBD market has been growing rapidly, but we will see unprecedented growth in 2019,†Brightfield Managing Director, Bethany Gomez, explains. “The bulk of this growth is coming from large retailers like CVS, Walgreens, and Kroger entering the market and providing that availability to consumers.â€
Key highlights from the report:
Though they entered the market only this year, mass retail chains will eclipse all other channels in 2019, hosting 57% of sales this year
Although tinctures still dominate the market, driving 25% of sales, they are losing their lead as more mainstream consumer-friendly products surge
Topicals (17% of market) and skincare & beauty products (8%) have gained tremendous traction as mass retailers have signed on to carry these products first, since they are considered the safest bet under the current regulatory regime.
Natural food and smoke shop CBD revenues continue to grow and thrive – with increased uptake across the country and some level of saturation now that vendors feel more secure and confident carrying product. Notably, though the CBD market is no longer dominated by cannabis users, dispensaries and recreational shops have also seen an uptick in CBD-oriented traffic
1.0% of CBD companies were in the top tier (with sales of $40+ million or being sold in greater than 1000 stores) while 92.9% of companies were in the low tier (with sales of <$1 million or being sold in 0-100 stores)
About Brightfield: Brightfield Group is a predictive market and consumer intelligence firm focused on the legal CBD and Cannabis industries. Their analytic solutions leverage data from millions of sources, enabling customers to get the most holistic view possible while drilling down into the fine details. They provide comprehensive, up-to-date, and actionable market and consumer insights that transform the best of research and technology into long-term business growth. SOURCE: https://www.brightfieldgroup.com/press-releases/cbd-market-growth-2019
Posted by AGORACOM
at 9:47 AM on Friday, July 19th, 2019
SPONSOR: ZEN Graphene Solutions: An emerging advanced materials and
graphene development company with a focus on new solutions using pure
graphene and other two-dimensional materials. Our competitive advantage
relies on the unique qualities of our multi-decade supply of precursor
materials in the Albany Graphite Deposit. Independent labs in Japan,
UK, Israel, USA and Canada confirm this. Click here for more information
ZEN – TSX:V
A new paper on the potential of graphene within the aerospace
industry has been launched by Aerospace Technology Institute (ATI) and
National Graphene Institute (NGI) at The University of Manchester in the
UK.
Jointly prepared by ATI and NGI, the INSIGHT paper features a sector
perspective on the benefits of working with graphene and its potential
market opportunities available to aerospace companies based in the UK.
Various consultations were carried out with stakeholders before the paper was produced.
Graphene is a two-dimensional material that has the potential to improve aircraft performance, cost, and fuel efficiency. It was isolated from graphite for the first time in 2004.  “According to the paper, aircraft safety and performance could be significantly enhanced by including atom-thin graphene in the materials used to manufacture aircraft.â€
According to the paper, aircraft safety and performance could be
significantly enhanced by including atom-thin graphene in the materials
used to manufacture aircraft.Use of graphene is also expected to reduce the weight of the material, contributing to improved aircraft fuel efficiency.
ATI Technology for Manufacturing, Materials and Structures head Mark
Summers said: “The UK has pioneered the research and development of
graphene. The material has the potential to bring exciting applications
and efficiencies into the sector.
“Although its exploitation into the aerospace sector is still in its
infancy, it is anticipated that the scope of potential applications will
continue to expand.
“We will seek to accelerate the maturation of graphene technology
opportunities through our R&T programme, in a bid for the UK to
remain ahead of the challenge and continue leading on the research and
exploitation of the material in aerospace.â€
Both ATI and NGI expect to continue collaboration on accelerating the
technology development for graphene applications in the UK aerospace
sector.
Posted by AGORACOM-JC
at 5:04 PM on Thursday, July 18th, 2019
SPONSOR: Iconic Minerals Ltd.
ICM:TSX-V Bonnie Claire Lithium Property hosts Inferred resource of
11.8 billion pounds of lithium carbonate equivalent and has the
potential to be the largest lithium resource globally. Learn More.
ICM: TSX-V
—————————–
lithium deployment in passenger EVs up 47% y-o-y in May 2019
In May 2019, 47% more lithium carbonate equivalent (LCE) was deployed globally in batteries of passenger EVs than the same month the year prior, according to Adamas Intelligence’s latest subscription-based “EV Battery Lithium Monthly†report.
In total, 47% of LCE deployed globally in passenger EV batteries in May 2019 went into NCM 523 cells (primarily in the form of lithium carbonate), up from 43% the same month the year prior.
This increase in LCE deployment was driven primarily by two factors, Adamas said.
Global sales of passenger HEVs, PHEVs and BEVs collectively increased
by 12% in May 2019 versus May 2018, translating to an increase in
deployment of li-ion batteries.
Sales of high-capacity BEVs, such as the Tesla Model 3, BYD Yuan and
Nissan Leaf PLUS/e+, made up a greater share of total passenger EV sales
this year than they did last year, boosting the sales-weighted-average
battery capacity of all EVs sold by 33% over the same period,
translating to greater use of LCE per vehicle.
In total, 47% of LCE deployed globally in passenger EV batteries in
May 2019 went into NCM 523 cells (primarily in the form of lithium
carbonate), up from 43% the same month the year prior.
Similarly, 14% of LCE deployed globally in passenger EV batteries in
May 2019 went into NCM 622 cells (primarily in the form of lithium
hydroxide), up from 8% in May 2018.
Moreover, 2% of all LCE deployed globally in passenger EV batteries
in May 2019 went into NCM 811 cells (primarily in the form of lithium
hydroxide) versus near-negligible quantities deployed the same month the
year prior.
In total, the collective market share of NCM 622 and NCM 811 cathodes
(by capacity deployed) has doubled since May 2018, indicating
increasingly heavy demand for lithium hydroxide and other precursors
used in these chemistries.
Source: https://www.greencarcongress.com/2019/07/20190717-adamas.html
Posted by AGORACOM-JC
at 3:02 PM on Thursday, July 18th, 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
———————–
Esports industry to reach $3 billion by 2025 says market reseracher
Marta J.
The esports business seems to be booming
Eports is expected to grow with a 20% compound annual growth rate between 2019 and 2025.
That should see the market grow to more than $3 billion by the end of 2025.
According to ResearchandMarkets.com, esports is expected to grow with
a 20% compound annual growth rate between 2019 and 2025. That should
see the market grow to more than $3 billion by the end of 2025. This
doesn’t come as a surprise, since esports’ popularity and support have
been steadily growing worldwide.
The global esports market is likely to exceed a total revenue of over
$1 billion for the first time this year, as it’s experiencing
year-on-year growth of over 25%. According to Statista, the market
generated $865 million in 2018.
Broadcasting rights have become a key source of revenue in esports
with television networks like ESPN and ABC airing esports events
alongside social media platforms like Twitch and YouTube.
That growth has extended to sponsorships even moreso. The field is by
far esports’ strongest revenue stream, as it contributes to almost half
of the total market revenue. This has been helped along by the
increased attention from non-endemic brands like Nike and Puma who have
begun sponsoring esports organizations Furia Esports and Cloud9, respectively.
It’s forecasted that the audience and the number of tournaments will
continue increasing over the next five years, opening up opportunities
for many potential vendors.
A major share of revenue to the global esports market is generated by
North America, specifically the United States. Asia Pacific is one of
the fastest-growing markets, with esports flourishing in China, Japan,
South Korea, and Australia.
The vast majority of esports’ audience is male viewers aged 20-35.
That said, ResearchandMarkets.com states that esports’ growth “is
mainly driven by cloud gaming and mobile gaming.†This makes matters a
bit cloudy in regards to how much of that $3 billion is actually being
funneled towards esports organizations, players, and tournament
organizers.
The topic of inflated valuations in esports has become a hot one in recent months as multiple firms have had their methods questioned for their liberal definition for what counts as “esports.â€
Posted by AGORACOM
at 2:10 PM on Wednesday, July 17th, 2019
SPONSOR: Applied Biosciences Corp. is a vertically integrated company focused on the development of science-driven cannabinoid therapeutics and biopharmaceuticals, as well as state-of-the-art testing and analytics capabilities to our customers. Â As a leading company in the CBD, Pet and Health and Wellness space, the company is currently shipping to the majority of US states as well as to 5 International countries. Click Here for More Info
APPB : OTC
Cannabis-based concentrates, extracts, and edibles are becoming highly popular among consumers
Specifically,
the edible and beverage marketplace is quickly gaining popularity due
to the ease at which customers can use the products
NEW YORK, July 16, 2019 — Each year, more and more countries are
moving towards approving cannabis use. In particular, medicinal cannabis
is witnessing immense support as most of the countries looking to
enter into the market space are more keen on the medical sector due to
the therapeutic benefits associated with cannabis. However, several
regions around the world have also either decriminalized or legalized
the use of recreational cannabis in moderate amounts. For instance,
Canada completely legalized adult-use cannabis in late 2018. On the
other hand, countries such as Colombia and Spain have only
decriminalized recreational use, allowing adults to possess up to a
certain amount.
Moreover, the U.S. has given states the jurisdiction to legalize
cannabis or keep the drug illicit. As a result, more than half the U.S.
legalized cannabis for medical use, while a fifth of the nation,
including the District of Columbia, allows for legal recreational usage.
While the medical marketplace is much more globally prevalent, the
recreational market is expected to overshadow the medical segment as the
North American market continues to mature.
Additionally, as the recreational market continues to expand,
consumers are also experiencing an influx of new products. Aside from
traditional cannabis flower, consumers can now choose from a variety of
products at dispensaries and retail stores. Now, cannabis-based
concentrates, extracts, and edibles are becoming highly popular among
consumers. Specifically, the edible and beverage marketplace is quickly
gaining popularity due to the ease at which customers can use the
products.
Furthermore, a large recreational user base exists for the edible and
beverage market, and the industry is heavily being accelerated by the
increasing demand for wellness products to treat a variety of health
concerns. According to data compiled by Reports and Data, the global
cannabis-based beverage market was valued at USD 1.57 Billion in 2018.
By 2026, the market is expected to reach USD 5.04 Billion while
exhibiting a CAGR of 15.4% during the forecast period.
The cannabis-infused edible and beverage market is expected to
witness a strong increase in demand, particularly for beverages over the
next several years. Canaccord Genuity analyst Bobby Burleson noted last
year that beverages packed with CBD or THC ingredients can account for
nearly 20% of the U.S. edible products markets by 2022, increasing from
6% in 2018. Burleson highlighted that the growing beverage industry is
becoming an attractive investment opportunity for beer and soda makers
and that data has shown that there is a direct correlation between
alcohol and cannabis consumption.
A joint research conducted by the University of Connecticut, Georgia
State University, and Universidad Del Pacifico discovered that counties
located in medical marijuana states witnessed a 15% reduction in monthly
alcohol sales. The conclusion of the study uncovered that cannabis and
alcohol are both substitutes for one another, meaning that they share
the same target audience. The study also indicates that as more
countries move towards cannabis legalization, more users will be
inclined to shift over to the cannabis market. The shift has even
prompted alcohol producers to enter into the cannabis industry to
maximize its consumer base reach.
While alcohol beverage producers may look towards developing THC
beverages, soda producers are looking to leverage CBD for health and
wellness beverages. Soda producers are specifically focusing on CBD
because of the consumer shifts from sugary drinks to more functional
options. Regardless of the market type, Canaccord expects both the THC
and CBD-based beverage markets in the U.S. to experience growth, as by
2022, Canaccord expects the demand for CBD beverages to reach USD 260
Million, while THC beverages are projected to reach USD 34 Million.
“Interest has spiked from the beer industry on mounting evidence of a
substitution relationship between cannabis and alcohol, while large soda
companies increasingly view CBD as a natural fit within their
strategically important wellness offerings,†Burleson wrote.
Posted by AGORACOM
at 12:34 PM on Wednesday, July 17th, 2019
THE ONE GOLD REPORT TO READ Perhaps the most comprehensive Gold Report on the planet, the “IN GOLD WE TRUSTâ€
2019 annual report is now available for download from Incrementum.
For those new to the gold market there is a condensed (<100 pages)
report and for those who want to go deeper, an expanded version (>300
Pages).
We also suggest watching the short introductory video with Ronald-Peter Stoeferle further down the download page.
If you have not yet read the 2019 REPORT ON TREATY CREEK (potential world-class deposit in B.C.’s GOLDEN TRIANGE) click on the image for the full report.
HUB on Agoracom FULL DISCLOSURE: American Creek is an advertising client of AGORA Internet Relations Corp.
Posted by AGORACOM-JC
at 12:28 PM on Wednesday, July 17th, 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 ———————————-
MTG: $11m investments in gaming & eSports start-ups
Investments in H1 2019 amount to a total of $11 million (€9.8m) including capital commitments and span start-up and growth companies in the US and Germany.
MTG has to date made 20 investments in 16 companies totalling $21 million thus far from its VC fund to complement its majority stake investments in companies such as ESL and DreamHack in esports and Kongregate and InnoGames in gaming.
Modern Times Group (MTG), the Swedish operational investment company focusing on, eSports and gaming entertainment opportunities worldwide, has revealed its latest VC Fund investments ahead of the company’s Q2 2019 financial report.
Investments in H1 2019 amount to a total of $11 million (€9.8m)
including capital commitments and span start-up and growth companies in
the US and Germany.
MTG has to date made 20 investments in 16 companies totalling $21
million thus far from its VC fund to complement its majority stake
investments in companies such as ESL and DreamHack in esports and
Kongregate and InnoGames in gaming.
MTG has its HQ in Stockholm, Sweden, and operates through itself and through its portfolio companies in 30+ countries worldwide.
Among the investments are Redwood City-based Dorian, Austin based
game developer Tonk Tonk Games, gamer rewards platform Playfull from Los
Angeles, German game studio Sviper founded by Ex-InnoGamers and San
Diego-based GoMeta, totalling $11 million in H1 2019.
MTG
owns 100 per cent of Swedish DreamHack and over 82 per cent of German
founded ESL, the two largest brands in esports worldwide. Its largest VC
investments in terms of estimated value are BITKRAFT fund LP positions,
AppOnboard, Phoenix Labs, the Play Ventures fund LP position and
Sviper. It also owns majority positions in San Francisco-based game
studio and publisher Kongregate and German game developer and publisher
InnoGames, famous for its hit game Forge of Empires launched 2012 that
recently surpassed €500 million in lifetime revenue.
“Gaming and esport is the future of entertainment, and we are excited
to invest in what we believe are seven of the most promising early
stage startups with excellent teams, products and ideasâ€, says Jørgen
Madsen Lindemann, President and CEO of MTG.
MTG AB complements its majority stake investments with seed and
series A round investments in early stage start-ups in gaming and
esports through the MTG VC Fund. The ambition is to make eight to 10
deals per year: 60 per cent in gaming, 30 per cent in esports and 10 per
cent in AR/VR through lead or co-invests with other top VCs. Since the
launch of MTG’s VC Fund in November 2017, the fund has made 20
investments in 16 companies.
“We are already seeing attractive valuation upticks based on latest
financing rounds in our investments, such as Phoenix Labs, AppOnboard
and the BITKRAFT seed fund. Deal flow and value creation opportunities
continue to improve now that we have established MTG as a leading games
& esports VC in the Westâ€, says Arnd Benninghoff, EVP esports and
games at MTG.
Phoenix Labs recently released its first game in Epic store,
AppOnboard recently acquired a no code game creation platform and the
BITKRAFT seed fund recently realised an attractive exit of portfolio
company The Esports Observer.
In 2018 there were about 2.4 billion video game players in the world,
but industry analysts expect that number to grow to 2.9 billion as
early as 2022 (Source: Newzoo) – and the global esports audience reached
395 million in 2018 and is expected to grow to 645 million by 2022
(Source: AT Kearney).
Posted by AGORACOM-JC
at 11:39 AM on Wednesday, July 17th, 2019
Further to the National Skill Development Corporation partnership with betterU, a joint hold press conference was held in Delhi, India to officially launch their partnership. Read More.
Mr. Prakash has been supportive of betterU’s vision to support
Education for All since his time working in Canada as India’s High
Commissioner. Mr. Prakash speaks to the media and audience of NSDC and
betterU leadership about his views around betterU and the need of India.
FULL DISCLOSURE: betterU Education Corp. is an advertising client of AGORA Internet Relations Corp
Posted by AGORACOM
at 9:21 AM on Wednesday, July 17th, 2019
SPONSOR: Great Atlantic Resources. A Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold. Click Here for More Info
GR: TSX-V
A bigger price move is right on the horizon, probably this week
Odds favor that bigger price move being to the upside.
Gold prices are modestly down in early U.S. trading Tuesday. The daily chart for gold shows a “collapse in volatility,†whereby the past three sessions have seen significantly quieter price action. This suggests that a bigger price move is right on the horizon, probably yet this week. Given that the daily gold chart remains bullish, odds favor that bigger price move being to the upside. August gold futures were last down $2.90 an ounce at 1,410.20. September Comex silver prices were last up $0.045 at $15.41 an ounce.
The just-released U.S. retail sales report for June showed a stronger-than-expected rise of 0.4%, which pushed the U.S. dollar index to solid gains on the day and in turn put some downside pressure on the gold market. Asian and European stocks were mixed overnight. U.S. stock indexes are pointed toward narrowly mixed openings when the New York day session beings, and are at or near their record and contract highs. So far this week there have been no major news developments in the world to significantly move markets. Thus, typical lackluster mid-summertime trading has set in. However, a very busy day of U.S. economic data may shake loose the present summertime doldrums.
In overnight news, there was a downbeat economic report coming out
of Germany, as the ZEW economic expectations index and current
conditions index worsened in July. Germany is the economic workhorse
for the European Union.
The other key “outside market†today sees Nymex crude oil prices firmer and trading just below $60.00 a barrel.
U.S. economic data due for release Tuesday includes the weekly Johnson Redbook and Goldman Sachs retail sales reports, retail sales, import and export prices, industrial production and capacity utilization, the NAHB housing market index, manufacturing and trade inventories, and Treasury international capital data. Several Federal Reserve officials are also slated for speeches today.
Posted by AGORACOM-JC
at 7:31 AM on Wednesday, July 17th, 2019
First Signed Franchise ApplicationÂ
Consolidation Shows 350% Growth
Retail Product Kiosks LaunchedÂ
VANCOUVER, July 17, 2019 - EMPOWER CLINICS INC. (CSE: CBDT) (Frankfurt 8EC) (“Empower” or the “Company“), a vertically integrated and growth-oriented CBD life sciences company, and a multi-state operator of medical health & wellness clinics, is pleased to announce it has received it’s first signed franchise application and that the Company has filed on sedar.com, the Business Acquisition Report (BAR) for the Sun Valley Certification Clinics Holdings LLC acquisition.
The Company continues to reach a number of important milestones on
its path forward, as a global health and wellness company, serving the
needs of patients through its network of physician-staffed health and
pain management clinics, formulating CBD based products and developing
its first CBD extraction facility.
HIGHLIGHTS
First Signed Franchise Application The Company’s Sun
Valley Health division has received its first signed application for a
Sun Valley Health Franchise in the U.S., marking an important milestone
that the Company expects has the potential to change the landscape of
how patients and consumers will access qualified and approved physicians
for consultations for alternative health and treatment options
throughout the country.
Company Files Sun Valley Business Acquisition Report (BAR) The
Company has filed the required Business Acquisition Report (BAR) for
the Sun Valley Certification Clinics Holdings LLC acquisition closed April 30th,
2019. The report highlights the audit of Sun Valley and the
consolidation of Empower Clinics and Sun Valley financial results, if
combined for full year 2018 and 1Q 2019.
Consolidation Shows 350% Growth The Business
Acquisition Report (BAR) after the completion of the 2018 Sun Valley
audit shows there would be a 350% growth in Company revenues under
consolidation. 1Q 2019 consolidated results show there would be in
excess of 500% growth under consolidation.
“The Sun Valley acquisition is accretive to the Company in so many
tangible ways, through increased brand awareness, to bringing onboard a
talented energetic team, and providing even greater access to patients,”
said Steven McAuley, CEO of Empower. “With the release of
the BAR, we are now able to demonstrate the significant financial
benefit these assets provide to our growing company.”
HIGHLIGHTS Continued
Retail Product Kiosks Launched The Company has completed the set up of its first full retail product kiosk and display area in one of its key Phoenix
clinics, that includes over (40) product SKU’s, including the CBD lines
of Sollievo, Sun Valley Science and a variety of premium health
supplements.
Extraction Facility Progress The Company has submitted
its hemp-handlers license application to the Oregon Department of
Agriculture and paid the required fees to ensure the new 5,000 sq. ft.
facility in Sandy, OR will be fully compliant with all Oregon
regulations and permit requirements. Security systems and IT networks
have been installed in preparation for the next phase of build-out and
extraction equipment installation.
CBD Market Demand The passing in the United States of the US$867 billion Agriculture Improvement Act (the “Farm Bill“)
has legalized hemp and hemp-based products. This has created an
opportunity for the production and sale of a variety of CBD-based
products that can provide genuine help and effective relief to millions
of people suffering from a variety of qualifying conditions. Recent
reports and studies indicate the approval of the Farm Bill could create a
US$20 billion industry by 2022.
ABOUT EMPOWER
Empower is a leading multi-state operator of a network of
physician-staffed clinics focused on helping patients improve and
protect their health through innovative physician recommended treatment
options. Operating as a vertically-integrated health & wellness
brand with it’s first hemp-derived CBD extraction facility under
development, the Company can produce and package its proprietary line of
cannabidiol (CBD) based products and distribute through company owned
and franchised clinics, with wholesale partnerships, online and with
retailers nationwide.
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.
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