Michael Konikoff and Ben Kessler walk through the benefits and features of KABN, A NEO Financial Services Platform that starts with Biometric enabled Blockchain Validated Identity, empowering digital currency holders and KABN cardholders alike to spend wherever Visa is accepted
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Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative.
The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers.
“Left to their own devices, computer scientists would recreate the Soviet Union.â€
That line belongs to Preston McAfee, an economist whose job history includes senior positions at tech giants such as Microsoft, Google and Yahoo. As he explained to an audience at the SXSW conference in Austin, Texas, recently, it refers to software engineers’ tendency to favor centralization as the most efficient design principle for any computing system.
The point, he said, is that decentralized networks, such as those based on blockchain models, can often enable more positive overall social outcomes despite the relative inefficiency of their command-and-control architecture. It’s useful to contemplate this idea, and McAfee’s colorful metaphor, in relation to the current state of play on the Internet.
For the first time since they emerged as the victors of the post-dot-com bubble shakeout at the turn of the century, the platforms that dominate our online lives are running up against the social limits of their centralized models.
A backlash is emerging against “surveillance capitalism†and against the broad strategy of mining users’ data to capture audience for advertisers and to shape consumer behavior. Manifest as both political pressure and user rebellion, it is forcing a design rethink at these companies.
Perhaps the Internet is facing its Berlin Wall moment.
This is ultimately why some of the principles underlying blockchains and cryptocurrency technologies are finding favor in the business development strategies – or at least in the PR signaling – of social media companies.
Facebook especially has attracted much attention in this area.
CEO Mark Zuckerberg recently made a bombshell post outlining a “privacy-focused vision for social networking†that suggested a move to embrace end-to-end encryption of users’ data on Facebook, Instagram and WhatsApp.
In a separate post of a video interview with Harvard Law professor Jonathan Zittrain, Zuckerberg speculated on the prospect of Facebook using a blockchain model to enable decentralized logins without its servers acting as authenticators. All this came around the time The New York Times reported that Facebook is developing a digital currency that its users can trade among each other and exchange on cryptocurrency exchanges.
Meanwhile, Twitter CEO Jack Dorsey appears to have gotten religion when it comes to cryptocurrencies. He has declared that bitcoin will be the “native currency of the Internet,†has invested in Lightning Labs, which is developing payment channels for bitcoin based on the lightning network, and recently announced that Square, the separate payments company that he heads, will hire crypto engineers and likely pay them in bitcoin.
It’s fair to say there is a significant degree of skepticism that social media companies, having made fortunes out of a centralized model that accumulates user data, will change their stripes.
Facebook, in particular, has come under criticism from pundits who argue that it won’t be able to shift its business model. Given data abuse scandals such as the Cambridge Analytica affair, skeptics such as cryptocurrency pioneer David Chaum argue that Zuckerberg’s decentralization and privacy mantra is nothing more than a PR message.
But the departure of certain senior executives, including those who oversaw the development of the centralized data-gathering model and the algorithms that mine that data to deliver audiences to advertisers, has led others to conclude that Zuckerberg is indeed serious.
One thing’s clear: there’s pressure for change, whether it comes in substance or merely in message.
Much like citizens who reach a breaking point and rebel against political leaders who act in their own interests rather than those of the public, users of these social media platforms are starting to signal that they won’t stand for data abuses.
Obviously, without users, these businesses fail. So, these companies are now contemplating a revised model in which, to paraphrase Bruce Schneier, users are no longer the product but the customer.
It’s an open question whether such companies can make money on a model in which the nodes in the network are free from control by the center. But let’s continue with the McAfee-inspired metaphor and contemplate how governments in capitalist economies accrue power and influence when their citizens are empowered to transact with each other. Similarly, we can imagine how a Facebook or a Twitter that helps its vast number of users conduct peer-to-peer exchanges can extract great value from the expansion of such networks.
Either way, the winds of change are coming to the centralized systems of the Internet. Whether the incumbents survive those changes, or whether they go the way of, say, MySpace is not clear. More important, let’s consider what might arise in their place and how smoothly we transition to the new era.
These are questions for developers of decentralized solutions such as those enabled by blockchain technology. What kind of governance models will be in place so that users are truly able to maintain a healthy degree of autonomy even as new centralizing forces emerge to extract value within the new paradigm?
Remember, the Soviet Union collapsed, but it was hardly replaced by a utopia.
Image via CoinDesk archives
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Source: https://www.coindesk.com/why-mark-zuckerberg-and-jack-dorsey-are-warming-to-blockchain
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The electric vehicles (EV) market is expected to be a major driver for the overall marketplace.
The growing adoption of lithium-ion batteries in portable consumer electronics and grid storage systems will accelerate its growth.
“As automakers ramp up production for evermore EVs, demand on the power grid from EVs will grow exponentially. According to best estimates, growth in EV adoption could drive a 300-fold increase in electricity consumption by 2040, compared to 2016.
“The current grid will need to evolve significantly to accommodate that growth, driving a blitz of new innovation in wind and solar power, which will ultimately shift global reliance on coal toward clean energy alternatives,” according to a statement.
The rapid growth of the EV market is a result of increased focus on EVs by governments in efforts to reduce carbon emissions through the implementation of clean environment legislations banning gas-powered vehicles.
Governments such as the US have intensified iissueng incentives to accelerate consumer adoption of EVs.
The rising demand for efficient but clean energy is also accelerating the lithium market and causing prices to rise dramatically.
The energy storage systems segment is expected to witness the fastest growth rate because of the ongoing developments in the wind and solar PV across the world.
In 2018, lithium prices surged by 45%, or to $16,500 per ton year-over-year as the demand began to outpace the supply.
Ongoing technological advancements are aimed towards reducing the weight of these batteries, while also maintaining the ability to provide sufficient power.
Source: https://www.esi-africa.com/industry-sectors/future-energy/evs-forecasted-to-drive-global-lithium-ion-battery-market/
| 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 |
Recent years have seen an explosion in the popularity of esports, fuelled by an insatiable appetite in Asia. It’s not just a case of playing your favorite games hoping to get a better score than your friends; players compete for mega bucks and have become rich and famous.
There are billions of dollars to be made in the esports business. Forecasters believe that the global market will expand by 75% to $1.6bn by the end of 2021. The arrival of smartphones has made esports even easier to play.
A major area of growth is in the number of live tournaments. Mixed martial arts (MMA) promoter ONE Championship has already made a $50m investment and wants to hold esports events alongside MMA matches.
China listed esports as an official sport in 2003 and 13 years later, it was declared a national industry. Another major boost came in 2018 when esports became a demonstration sport at the Asian Games. The next event takes place in 2022 and esports will be an official medal sport.
More partnerships are being forged as companies realize just how much money could be made in the future. The number of competitive players in China doubled last year leading to online companies such as Alibaba Group Holding and Tencent Holdings to set up venues in the country. Rural areas, as well as the major cities, are being targeted, and events take place on a weekly basis.
It’s big news for game developers as the tournaments create more awareness of their products. The hope is that games such as League of Legends and Dota 2 will see their already impressive sales boosted.
Academies are opening up in countries such as China, Malaysia, Singapore and Japan. It’s becoming big business with students paying up to $975 for a month’s tuition, all dreaming of becoming professional players. Achieving that dream could see them earning up to $700,000 a year.
Japan has also seen incredible growth in the popularity of esports. That’s led to increased sales of high-performance gaming computers that eliminate the possibility of even the shortest lag. Be sure to check out our own reviews for the best gaming gear.
The Tokyo Game Show held in October 2018 saw plenty of talk about esports. The second-hand market for these computers also sees increased business. Others just go to many internet cafes and use their superior equipment.
Perhaps the best-known Asian market of all is South Korea, which is regarded as the country that started the esport revolution. Gamers like Faker, Bang and Wolf are more or less household names.
pic.twitter.com/fSt5DnM0SQ — Faker (@SKTelecomFaker) January 30, 2019
South Korea hosts probably the biggest live esports event in the world – the League of Legends World Championship.
Dubai is a place of extravagance, and the Middle Eastern kingdom has already made it known it would like to be a global gaming destination for esports. The United Arab Emirates is already constructing the region’s first dedicated esports venue, catering for players who can’t get enough of games like Counter-Strike. Pro teams play each other with over $54,000 won in prize money. Overwatch is also popular, and teams in the UAE include Risky Gaming, Inferno Game Zone and Dubai Mirage.
However, esports is still some way behind other social online entertainment there, such as online casinos. Despite land casinos and sports betting being prohibited, locals are able to find plenty of legal opportunities to play online.
Saudi Arabia is another part of the Middle East enjoying rising esports popularity; there’s even official government representation and support for competitive gaming.
You can be sure that when a new trend starts, the USA won’t be far away from the action. The country has taken esports to its heart and produced big names, like the celebrity gamer Ninja, otherwise known as Tyler Blevins from Michigan.
Source: https://www.talkesport.com/statistics/esports-popularity-around-the-globe/
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 Beth McKenna (TMFMcKenna) Mar 26, 2019 at 9:30AM
Tesla‘s (NASDAQ:TSLA) appetite for lithium is becoming increasingly ravenous as the electric-vehicle (EV) pioneer ramps up production of the Model 3, its first mass-market vehicle. Lithium is a silvery-white metal used to make the lithium-ion batteries that power EVs and other products, including the energy-storage products that Tesla and others produce.
Tesla and other companies that need lithium in their manufacturing processes have been eagerly inking longer-term supply agreements with producers to ensure they’ll have adequate quantities. That’s because lithium supply has been having a hard time keeping up with demand, thanks largely to the rising popularity of EVs.
This dynamic resulted in lithium prices soaring in 2016 and 2017, along with the stock prices of producers, such as diversified chemical giants Albemarle (NYSE:ALB) and SQM (NYSE:SQM). Lithium prices started falling off their peaks last year, which along with concerns about China’s slowing growth and too much new production capacity coming online, contributed to stock prices plummeting. Supply, however, remains relatively tight.
So who are Tesla’s lithium suppliers? And do any of them look like potentially good investments?
Tesla Model 3. Image source: Tesla.
According to company press releases and/or published reports, the following companies have or have had some type of agreement in place to supply Tesla with lithium hydroxide. (This list may not be all-inclusive.)
| Company | Headquarters | Tesla Agreement Date |
|---|---|---|
| Ganfeng Lithium | China | Sept. 2018 |
| Kidman Resources | Australia | May 2018 |
| Pure Energy Minerals | Canada | Sept. 2015 |
| Joint venture partners Cadence Minerals and Bacanora Minerals | U.K. and Canada, respectively | Aug. 2015 |
Ganfeng is China’s largest producer of lithium and the world’s second- or third-largest producer (depending on source) behind the United States’ Albemarle, and perhaps also behind Chile’s SQM. In September, Ganfeng revealed that it has an agreement with Tesla to supply the EV maker with 20% of its annual lithium hydroxide production through 2020, which could be extended by three years. Shares of Ganfeng are not listed on a major U.S. stock exchange, nor do they trade over the counter (OTC) in the U.S. Thus most U.S. investors looking for exposure to the lithium realm should explore other options.
Kidman Resources has a 50/50 joint venture with SQM to develop its Mt. Holland lithium project in the Earl Grey hard-rock lithium deposit in Western Australia. In May 2018, Kidman entered into an offtake agreement with Tesla “for an initial term of three years on a fixed-price take-or-pay basis from the delivery of first product,” according to Kidman’s press release, adding that the agreement “contains two 3-year term options.” The company said that the agreement “equates to less than 25% of Kidman’s portion of initial nameplate production for the first three years from the refinery.” Kidman’s shares are listed on the Australian Securities Exchange (ASX) and also trade over the counter in the U.S, but the OTC shares are extremely thinly traded, which means volatility could be considerable. For this reason, along with the fact that Kidman is a developmental stage company that’s not profitable, the stock is not a good fit for most U.S. investors.
Pure Energy Minerals is developing the Clayton Valley South Lithium Brine project in Nevada, which is located adjacent to the only producing lithium mine in the U.S., Albemarle’s Silver Peak lithium brine operation. The project is roughly 200 miles away from Tesla’s giant lithium-ion battery cell factory, the Gigafactory 1. Indeed, when Tesla chose Nevada for the location of its first Gigafactory, industry watchers speculated that the Silver State’s plentiful lithium supply was one main reason. According to Pure Energy’s Sept. 2015 press release, “provided that Pure Energy meets certain terms and conditions … the Agreement establishes a commitment for an annual purchase volume of product over a period of 5 years by Tesla and/or its authorized purchasers.”
Cadence Minerals (which was named Rare Earth Minerals until March 2017) and Bacanora Minerals are JV partners in the Sonora Lithium Project in Northern Mexico. In Aug. 2015, they signed a conditional long-term lithium hydroxide supply agreement with Tesla, according to published reports. Neither company’s stock is listed on a major U.S. stock exchange, nor is either company profitable on an operating basis. For these reasons, their stocks are not good choices for most U.S. investors.
Source: https://www.fool.com/investing/2019/03/26/who-are-teslas-lithium-suppliers.aspx
TORONTO, March 26, 2019 — Peeks Social Ltd. (TSXV:PEEK) (OTCQB:PKSLF) (“Peeks Social†or “the Companyâ€) is pleased to announce that the Peeks App has been approved by Apple and is once again available for download in the Apple Store. In addition to returning to the Apple Store, the Company is also pleased to announce that it has successfully negotiated with Apple the use of 3rd party payment processing services for purchases on the Peeks Platform. Previously Peeks was obligated to use Apple’s in-app purchases at a cost of 30% per transaction and funds settlement period of 45 days. The high cost of in-app payments and the long settlement periods had resulted in a poor quality of service to users and a significant number of user complaints. Similarly, the Company has also migrated approximately 80% of its Android traffic from Google in-app payments to 3rd party payment processing services. Google’s fees and settlement periods for in-app payments are similar to Apple; as such the benefits to the Company by virtue of moving to 3rd party payment processing services will be comparable.
The new payment processing services cost the Company 2.8% to 10% as opposed to 30%. Settlement periods are typically 2 business days or less. This provides the Company the ability to pay broadcasters more quickly and to provide users discounts on the purchase of content. Long payout cycles have been the main cause of broadcaster complaints and the main hindrance to rapid growth of the business. The faster settlement periods are allowing the Company to get caught up on backlogged broadcaster payouts and facilitating faster payouts to broadcasters.
It is management’s expectation that the user adoption curve as a result of migrating to 3rd party payment processing services, will result in a temporary decline in transaction volume on the Peeks Platform, followed by a subsequent increase in transaction volume. It is also management’s expectation that faster payouts to broadcasters and lower fees to viewers will result in significantly greater broadcaster retention, and subsequently; to a significant increase in overall spending on the Peeks Platform. The Company’s operating margin will also significantly increase as a result of lower payment processing fees.
Annual General and Special Meeting
The Company will be holding its Annual General and Special Meeting on May 31, 2019. Details of location and time will be released once the company finalizes arrangements.
David Vinokurov
Director Investor Relations
[email protected]
416-716-9281
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From Bill Alpert: Legal cannabis shortages were still a problem in Canada in early 2019, several months after the country began recreational sales to adults, says a report this morning by broker Cowen. A survey of five provinces’ online weed availability in January shows that nearly half of all items remained out-of-stock on marijuana e-commerce sites. But in the relatively-populous Ontario, supplies were better, with 61% of listed products actually in-stock. In New Brunswick and Newfoundland & Labrador, however, out-of-stock rates increased.
“While it is difficult to assess how much of the change is demand versus supply driven,†wrote analyst Vivien Azer, in the note, “our view is that demand remains strong with an improving supply chain.†Cowen surveyed online shops in Ontario, British Columbia, Alberta, New Brunswick and Newfoundland & Labrador.
Among Canada’s large producers, Canopy Growth (ticker: CGC) had the largest share of in-stock product on e-commerce shelves, with a 21% share in Ontario, while Aurora Cannabis (ACB) had 12% of that province’s online market. Tilray(TLRY) and Cronos Group (CRON) each had 4%.
After a month when Canada’s pot stocks mostly wandered sideways, Canopy is flat this morning, at $44.44, while Aurora is up 9% to $9.37. Tilray is up 3%, to $69, while Cronos has jumped 6.3% to $20.21, a day before it reports December-quarter results.
Dry flower marijuana made up about three-fourths of all products at Canada’s online shops, noted Cowen, with the remaining offerings consisting of capsules, oils, and pre-roll smokes.
“We continue to believe that the category will look very different in late 2019,†the analyst wrote, “when vapor, beverages, edibles, and other form factors become available.â€
Prices for dry flower held firm in January, according to Cowen, at $10.22 Canadian dollars per gram (or US$7.56). Pre-roll product commands a price premium, for its convenience, but Canadian consumers had cause to celebrate, as pre-roll’s average price fell 4% from December, to C$12.88 a gram.
Source: https://etfdailynews.com/2019/03/25/legal-marijuana-shortages-persist-in-canada/
Vancouver, British Columbia–(March 26, 2019) – Good Life Networks Inc. (TSXV: GOOD) (FSE: 4G5) (“GLN“, or the “Company“), a Vancouver-based programmatic advertising technology company is excited to announce that 495 Communications LLC. (“495“), a GLN digital property, has increased its portfolio of Connected Television (“CTV“) Roku channels by 40% since the acquisition in December 2018.
Currently, more than 164 million U.S. internet users access video content via CTV, with this number predicted to grow up to 204.1 million viewers in 2022(1). GLN anticipated the growth of CTV (and associated decline of traditional cable TV) and transitioned into the space through the acquisition of 495 and ImpressionX. Since the acquisition in December 2018, 495 has significantly grown its platform of Roku channels capitalizing on the increase of consumers using CTV. The increase in channels will provide more monetization opportunities for 495, and potentially add to GLN’s combined annual revenue. 495’s platform is now being powered by GLN’s proprietary technology, with channels across a variety of subjects including: sports, cooking, comedy, music and movies.
“Disney just acquired FOX to create the streaming service, Disney+(2), Apple just announced its new streaming service, Apple+(3), and The Trade Desk’s CTV revenue increase of over 525% last year(4), all positive indicators for significant growth of the CTV sector,” stated Jesse Dylan, CEO of GLN. “495 is ideally positioned to see additional ad revenue opportunities from their continued CTV channel development. I’m impressed with the teams progress so far this year and look forward to continued future growth!”
Both 495 and ImpressionX are leading CTV advertising technology companies. 495 focuses on content marketing, through building and developing CTV and Over the Top (“OTT“) channels for the sake of monetization and content distribution. CTV refers to any smart TV that can be connected to the internet and can stream OTT content beyond what is available from a traditional cable provider. OTT refers to any device (Roku, PlayStation, Xbox, Apple TV) that can be connected to a TV to allow for the delivery of video from the internet. Roku pioneered streaming for the TV(5) and plans to be a billion-dollar company in 2019. Roku also reported 40 percent year-over-year active user growth, with 27.1 million active users by year-end, and a 69 percent year-over-year increase in streaming hours, which reached 7.3 billion(6).
The GLN Story
GLN’s patent pending technology is the engine that sits between advertisers and publishers. A highlight of GLN’s tech is that it does not collect PII (Personal Identifiable Information). Built for cross device video advertising: Mobile, In-App, Desktop and CTV (Connected Television) the GLN Programmatic Video Advertising Platform has among the lowest fraud rates of similar vendors in the industry. Advertisers make more money by reaching their target audience more effectively. GLN makes money by retaining a percentage of the advertiser’s fee.
GLN is headquartered in Vancouver, Canada with offices in Newport Beach and Santa Monica California, New York and UK and trades on the TSXV under the stock symbol “GOOD” and The Frankfurt Stock Exchange under the stock symbol 4G5. For further information on the Company, visit www.glninc.ca
CONTACT
Investor Relations
[email protected]
Jesse Dylan, CEO
604 265 7511
(1) https://smartyads.com/blog/connected-tv-advertising/
(2) https://www.thewaltdisneycompany.com/disney-and-21st-century-fox-announce-per-share-value-in-connection-with-71-billion-acquisition/
(3) https://www.cnbc.com/2019/03/25/apple-tv-channels-streaming-tv-service-announced.html
(4) http://investors.thetradedesk.com/news-releases/news-release-details/trade-desk-reports-fourth-quarter-and-fiscal-year-2018-financial
(5) https://www.roku.com/en-ca/about/company
(6) https://techcrunch.com/2019/02/22/roku-on-track-for-1-billion-in-revenue-in-2019/
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.
Forward Looking Statements:
Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs regarding future events of management of GLN. This information and these statements, referred to herein as “forwardâ€looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to the performance of 495. These statements generally can be identified by use of forward-looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations.
These forwardâ€looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. Important factors that may cause actual results to vary include without limitation, risks relating to the continued growth of CTV opportunities, the performance of digital channels created by 495 or the successful completion and monetization of additional channels.
In making the forwardâ€looking statements in this news release, the Company has applied several material assumptions, including without limitation that 495 will generate the anticipated revenue and expand GLN’s global reach per management’s expectations. GLN does not assume any obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements, unless and until required by applicable securities laws. Additional information identifying risks and uncertainties is contained in GLN’s filings with the Canadian securities regulators, which filings are available at www.sedar.com.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43658
Escondido, California–(March 26, 2019) – MARIJUANA COMPANY OF AMERICA INC. (OTCQB: MCOA) (“MCOA” or the “Company“), an innovative hemp and cannabis corporation, is pleased to announce that the Company’s wholly owned subsidiary hempSMART™ has entered into a strategic marketing agreement with MassRoots, Inc. (OTCQB: MSRT) to promote its hemp CBD formulated product line.
Under the terms of the agreement, MassRoots agreed to participate as an associate in the Company’s associate marketing platform, to help promote and sell hempSMART™ products on www.massroots.com, as well as MassRoots’ app and other social media outlets.
“We’re excited to begin educating MassRoots’ community of over a million cannabis consumers about hempSMART’s™ innovative line of CBD products,” stated MassRoots’ Chief Executive Officer Isaac Dietrich. “We look forward to driving our audience to a company that focuses on providing consumers with the highest-quality of ingredients and products, which is ultimately why we’re partnering with MCOA.”
CEO of MCOA, Donald Steinberg, stated, “We are very proud to have the hempSMART™ CBD product line accepted by MassRoots as part of their marketing campaign. We are anticipating increased visibility for our product line by utilizing such a widely recognized media platform involved in the cannabis industry.”
About MassRoots
MassRoots, Inc. is a leading technology platform for the regulated cannabis industry. Powered by more than one million registered users, the Company’s mobile apps empower consumers to make educated cannabis purchasing decisions through community-driven reviews. Its rewards program, WeedPassTM, enables consumers to earn tickets to movies, sporting events, and festivals by shopping at participating dispensaries. MassRoots has been covered by CNN, CNBC, Fox Business, Fortune, Forbes, and Reuters. For more information, please visit www.MassRoots.com/Investors and review MassRoots’ filings with the U.S. Securities and Exchange Commission.
About Marijuana Company of America, Inc.
MCOA is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART™”, that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreational use; and, (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry, as the legalized markets and opportunities in this segment mature and develop.
About Our hempSMART Products Containing CBD
The
United States Food and Drug Administration (FDA) has not recognized CBD
as a safe and effective drug for any indication. Our products containing
CBD derived from industrial hemp are not marketed or sold based upon
claims that their use is safe and effective treatment for any medical
condition as drugs or dietary supplements subject to the FDA’s
jurisdiction.
Forward Looking Statements
This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate”, “seek”, intend”, “believe”, “estimate”, “expect”, “project”, “plan”, or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-12G, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.
For more information, please visit the Company’s websites at:
MarijuanaCompanyofAmerica.com
hempSMART.com
NetworkNewsWire/MCOA
Corporate Communications:
NetworkWire (NW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
[email protected]
