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Peeks Social $PEEK.ca Announces Changes to Its Payments Procedures and Policies and the Appointment of Khalil Rajan as Interim CFO $IDK.ca $BCOV $AVID

Posted by AGORACOM-JC at 9:09 AM on Monday, November 12th, 2018

Peeks dark logo

  • Announced the appointment of Khalil Rajan as interim CFO
  • Khalil brings 4 years of public Company finance and accounting experience, including 3 years of professional financial services at KPMG Toronto.
  • Khalil holds a Bachelor of Commerce from the DeGroote School of Business at McMaster University, as well as a CPA, CA with the Chartered Professional Accountants of Ontario.”

TORONTO, Nov. 12, 2018 — Peeks Social Ltd. (TSXV: PEEK; OTCQB: PKSLF) (“Peeks Social” or the “Company”) announced that changes to its payment processing services, payment policies and broadcaster payout processes.

Peeks Social provides an ecommerce enabled livestreaming service that allows broadcasters on the Peeks platform, to earn commissions by receiving donations from viewers and by charging viewers for access to content.  In order to provide broadcasters with a competitive quality of service; the Company has historically accommodated weekly settlement of funds to broadcasters; as opposed to the three-week settlement period stated in the Company’s Terms of Service. Initially, credit card processing was the primary means by which the Company processed consumer payments. Credit card processors typically settle funds to the Company within 2 days; well within the one-week settlement window for broadcasters.  Throughout the evolution of the Peeks service, the primary payment processing service has shifted to in-app payment processing services provided by Apple and Google. The settlement period to the Company, for funds processed via in-app payments, ranges from 45 days to 60 days.  The longer funds settlement periods associated with in-app payments, in concert with a competitive requirement to settle broadcaster funds quickly, have collectively resulted in both, real and perceived payment delays to broadcasters.  In addition, a continuously growing userbase and a continuously increasing volume of payments processed has resulted in an increased number of users who have experienced both real and perceived payment delays.

Peeks Social Ltd. has performed an internal review of its financial processes and policies pertaining to payments and a review of its suite of consumer payment processing options.  As a result of the review the Company has identified all the factors causing broadcasters to experience real and perceived delays in receiving payments from the Company.  To resolve the delayed payment issue; management has implemented significant changes to its payments policies, including but not limited to, extending settlement periods out beyond the settlement period of the payment processing service used by the consumer to make purchases or send tips on the Peeks platform. In addition, the Company has made changes to its corporate communications to broadcasters. Broadcasters will now be made overtly aware of settlement periods for funds owing to them by the Company.  Moreover, the Company is implementing several new payment options that allow for significantly shorter settlement periods than in-app payment processing.

The new payment services allow for settlement periods ranging from the same day to 4 days, as compared to 45 days to 60 days for in-app payments.  The new payment options include: online debit, email money transfer, and online chequing (ACH/EFT). The Company’s objective is to migrate the majority of its payment processing away from in-app payments and onto its new payment processing services over the next few months.  The Company’s new payment processing services will be integrated into the Peeks Wallet found at www.peeks.social.  The Company will be promoting its new suite of payment services via all consumer contact points, such as; the Peeks Social website that can be found at www.peeks.social, email notification, in app notifications, broadcaster announcements and in-service promotions.  Users will be incented with discounts for the purchase of coin packages using any of the new payment options found on www.peeks.social.

The Company is also pleased to announce the appointment of Khalil Rajan as interim CFO. Khalil brings 4 years of public Company finance and accounting experience, including 3 years of professional financial services at KPMG Toronto. Khalil holds a Bachelor of Commerce from the DeGroote School of Business at McMaster University, as well as a CPA, CA with the Chartered Professional Accountants of Ontario.”

The Company will also like to announce the departure of Alex McDonald the Chief Financial Officer of Peeks Social Ltd. Mr. McDonald served as CFO for Keek Inc. from 2014 to 2016 and subsequently he served as the CFO of Peeks Social from 2016 to the present.  We would like to thank Alex for his many contributions to the Company and wish him well in his future endeavours.

For further information, please contact:

Peeks Social Ltd.
Mark Itwaru
Chairman & Chief Executive Officer
416-639-5339
[email protected]

David Vinokurov
Director Investor Relations
416-716-9281
[email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.

ThreeD Capital Inc. $IDK.ca Acquires Securities of Imagination Park Entertainment Inc. $IP.ca

Posted by AGORACOM-JC at 4:16 PM on Friday, November 9th, 2018

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  • Acquired ownership and control of an aggregate of  4,750,000 common shares  and 4,750,000 common share purchase warrants  of Imagination Park Entertainment Inc.
  • Subject Units represented approximately 4.7% of all issued and outstanding common shares of the Company as of November 9, 2018 immediately following the transaction described above (or approximately 8.9% on a partially diluted basis, assuming exercise of the Subject Warrants only)

TORONTO, Nov. 09, 2018 — ThreeD Capital Inc. (“ThreeD” or “the Acquirer”) (CSE:IDK), a Canadian-based venture capital firm focused on investments in promising, early stage companies and ICOs with disruptive capabilities, is pleased to announce that it has acquired ownership and control of an aggregate of  4,750,000 common shares (the “Subject Shares”) and 4,750,000 common share purchase warrants (the “Subject Warrants” and together with the Subject Shares, the “Subject Units”) of Imagination Park Entertainment Inc. (the “Company”) on November 9, 2018.  The Subject Units represented approximately 4.7% of all issued and outstanding common shares of the Company as of November 9, 2018 immediately following the transaction described above (or approximately 8.9% on a partially diluted basis, assuming exercise of the Subject Warrants only), resulting in a corresponding increase in the percentage of shares held by the Joint Actors as a result of the transaction.

Immediately before the transaction described above, the Acquirer held an aggregate of 900,000 common shares of the Company (the “Pre-Shares”), and convertible securities entitling the Acquirer to acquire an additional 2,400,000 common shares of the Company (the “Pre-Convertible Securities”) representing approximately 1.2% of the issued and outstanding common shares of the Company (or approximately 4.2% on a partially diluted basis, assuming exercise of the Pre-Convertible Securities only).

Immediately following the transaction described above, the Acquirer held an aggregate of 5,650,000 common shares (the “Post-Shares”) and convertible securities entitling the Acquirer to acquire an additional 7,150,000 common shares of the Company (the “Post-Convertible Securities”), representing approximately 5.6% of the issued and outstanding common shares of the Company (or approximately 11.8% assuming exercise of such Post-Convertible Securities only).

The Subject Units were acquired in a private placement and not through the facilities of any stock exchange.  The holdings of securities of the Company by Inwentash and the Joint Actors are managed for investment purposes, and Inwentash and the Joint Actors could increase or decrease their investments in the Company at any time, or continue to maintain their current investment position, depending on market conditions or any other relevant factor. The aggregate consideration payable for the Subject Units was $570,000, or $0.12 per Subject Unit.

The trade was effected in reliance upon the exemption contained in Section 2.3 of National Instrument 45-106 on the basis that ThreeD is an “accredited investor” as defined herein.

About ThreeD Capital Inc.

ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the Junior Resources, Artificial Intelligence and Blockchain sectors.  ThreeD seeks to invest in early stage, promising companies and ICOs where it may be the lead investor and can additionally provide investees with advisory services, mentoring and access to the Company’s ecosystem.

For further information:
Gerry Feldman, CPA, CA
Chief Financial Officer and Corporate Secretary
[email protected]
Phone: 416-941-8900 ext 106

Professional Sports Franchises Turn To #Esports For The Next Billion-Dollar Market Opportunity $GMBL $ATVI $TTWO $GAME $EPY.ca $TCEHF $Game.ca $EPY.ca

Posted by AGORACOM-JC at 2:14 PM on Friday, November 9th, 2018

  • 2018 marked the inaugural year of the NBA’s gaming league, known as the NBA 2K League. This league is composed of 17 competitive gaming teams that are essentially owned and operated by the same organizations that pay your favorite dunker or three-point shooter
  • But is there a real business opportunity here? There are a few data points that favor their efforts. For instance, it is estimated that nearly 1.6 million people play NBA 2K every day, at an average of 90 minutes per day, according to the league. Since consumer attention equals revenue opportunities, this may be a smart move for the league.

Mark Hall Contributor

The last four decades brought us generations of young athletic children whose sole aspiration was to become the nextMichael Jordan or Tom Brady of their sport. Since most people don’t make it to pros, these children grew up to become lifelong viewers and fans of the game and sports teams they love.

Midway through the 1990s, the growth of the video game industry enabled sports fans to live vicariously through the avatar of their favorite athlete or character. Fast forward to today, the broader industry, known as esports, has grown into nearly a billion-dollar market.

Leagues like the National Basketball Association (NBA) and others have taken notice.

In an effort to seize on this monumental shift, the NBA is jumping on board by creating new pathways and meaning to the term ‘professional athlete.’ People who would otherwise have no shot at shaking the commissioners hand while being drafted by the NBA are now doing just that.

2018 marked the inaugural year of the NBA’s gaming league, known as the NBA 2K League. This league is composed of 17 competitive gaming teams that are essentially owned and operated by the same organizations that pay your favorite dunker or three-point shooter.

Each team’s roster will mirror that of the actual game, with five players each covering a different position and a sixth player being in the rotation. What’s unique about this league is that players don’t play avatar versions of real NBA players, but rather digital versions of themselves with increased talent.

But is there a real business opportunity here? There are a few data points that favor their efforts. For instance, it is estimated that nearly 1.6 million people play NBA 2K every day, at an average of 90 minutes per day, according to the league. Since consumer attention equals revenue opportunities, this may be a smart move for the league.

The NBA isn’t the only league making moves like this. In August, the National Football League (NFL) announced a partnership with gaming company Electronic Arts and TV network ESPN to host a competitive league for their famed Madden game series.

True success of these league initiatives won’t be evident for years to come. However, the sheer announcement of such platforms will shape a new generation of aspiring professional athletes who can potentially achieve competitive domination like that of Lebron James, without having to break a sweat.

Mark Hall is a sales leader in a large technology company, contributing to Forbes on the topics of business, culture and leadership. He has been featured in The Huffington Post, Business Insider, among others. All opinions are solely his own and are not reflective of anyone …

Source: https://www.forbes.com/sites/mitsubishiheavyindustries/2018/11/02/the-worlds-most-dominant-manufacturing-powerhouse-is-about-to-get-a-lot-greener/#65e744fa5ddd

#Blockchain Technology Is “Underrated”: Ex- Google $GOOG CEO $IDK.ca $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 11:19 AM on Friday, November 9th, 2018

  • Eric Schmidt, the former chairman of technology giant Google and executive chairman at Alphabet, has recently participated in a live event hosted by venture capital firm Village Global, where he expressed his optimistic view on the prospects of blockchain technology and, particularly, Ethereum, the world’s second largest cryptocurrency by market cap.
  • Referred to Ethereum as a “powerful platform” with revolutionary but yet untapped potential.

by Tanya Chepkova

Eric Schmidt, the former chairman of technology giant Google and executive chairman at Alphabet, has recently participated in a live event hosted by venture capital firm Village Global, where he expressed his optimistic view on the prospects of blockchain technology and, particularly, Ethereum, the world’s second largest cryptocurrency by market cap. He referred to Ethereum as a “powerful platform” with revolutionary but yet untapped potential.

The private event sponsored by Village Global took place in San Francisco in September, but its details remained mostly undisclosed until Village Global decided this week to upload to YouTube a video recording of a conversation between a well-known economist, Tyler Cowen, and Eric Schmidt who was characterized in the description to the video as “one of the most influential technology executives in the world.”

During the conversation they discussed a variety of topics, from Antarctica to human life expectancy, and also Schmidt made a number of interesting remarks on blockchain technology.

When asked about his opinion on the blockchain, the billionaire investor said that there was no simple answer to the question of whether blockchain was overrated or underrated.

 “In the public format, overrated. In its technical use, underrated,” Schmidt explained and illustrated this with examples of problems that distributed ledger technology was able to solve. Also, “blockchain is a great platform for bitcoin and other currencies. And it’s a great platform for private banking transactions where people don’t trust each other.”

He also made specific mention of Ethereum by telling Cowen that this blockchain project seemed to be the most interesting and promising. Schmidt believes that Ethereum can be a “powerful platform” potentially able to upend both current business practices and the entire society.

While commenting on its major potential, Schmidt said,

“I think the most interesting stuff that’s going on are the beginning of execution on top of blockchain — the most obvious example being the capability of ethereum. And if ethereum can manage to figure out a way to do global synchronization of that activity, that’s a pretty powerful platform. That’s a really new invention.”

It’s worth mentioning that Schmidt was an early Bitcoin enthusiast. Back in 2014, he referred to Bitcoin as an amazing advancement and remarkable cryptographic achievement, while he had turned to bitcoins even earlier, in 2011, following the advice of Wikileaks founder Julian Assange.

Source: https://cryptovest.com/news/sto-platform-istox-gets-support-from-singapore-bourse-sgx-state-fund-temasek/

FEATURE: Great Atlantic Resources $GR.ca Focused on Exploring Atlantic Canada

Posted by AGORACOM at 8:00 AM on Friday, November 9th, 2018

https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564603/hub/GREATATLANTIC_LOGO_TESTER-e1480712241913.jpg

https://tpc.googlesyndication.com/simgad/5752379710820707897

Great Atlantic Resources – Focused on Exploring Atlantic Canada

3 Outstanding Exploration Projects in One Company

Great Atlantic Hub GR:TSXV

  • Great Atlantic Resource Corp. is simultaneously exploring Golden Promise, Keymet and South Quarry and Kagoot Brook Cobalt project
  • Each project a potential company maker in Atlantic Canada
  • 3.6$ million market cap
  • 52,303,542 million shares outstanding
  • Multiple projects capable of demonstrating exploration success

Golden Promise – Gold

  • Large, new gold Zone discovered at Golden Promise
  • The Jaclyn Main Zone of Golden Promise contains a NI 43-101 compliant inferred resource of 921,000 tonnes averaging 3.02 g/t Au (89,500 contained ounces of gold) at a 1 g/t Au cutoff.
  • Strike length of approximately 800m in length with 420 meters vertical depth.
  •  National Instrument 43-101 Technical Report on the Company’s Golden Promise Gold Property to be completed on property

 

Keymet – Pollymetallic

  • Current discoveries and exploration occur 1.4KM from the old Keymet mine.
  • 2012 trenching exposed a gold bearing shear zone, multiple samples averaged 1.09 g/t Au over 11.8m.
  • Hole Ky-2015-3 drilled a gold bearing interval of 3.28 g/t Au over 2.1m
  • Highly prospective Pollymetallic system with a new gold discovery
  • Hole Ky-17-8 (2017 discovery): 18.80% Zn (37.32% Zn Equiv. as of June 14 2018), 3.55% Cu, 1.16% Pb & 576 g/t Ag / 1.27 meter core length
  • Hosts multiple gold, silver, zinc, lead & copper occurrences in high grade veins

 

South Quarry – Tungsten / Lithium

  • South Quarry is a high priority tungsten property with lithium potential
  • High grade tungsten mineralization in veins (rubble & bedrock) in the South Quarry
  • Ten rubble grab samples exceeded 5% WO3 (3 of which exceeded 10% WO3)
  • Recently completed sampling program focused on areas of tungsten soil geochemical anomalies and a gold soil geochemical anomaly
  • Analyses are pending for rock samples collected for tungsten and gold.

FULL DISCLOSURE: Great Atlantic is an advertising client of AGORA Internet Relations Corp

$HPQ.ca Comments on Unusual Stock Trading Activity; Provides Company Snapshot/Update

Posted by AGORACOM-JC at 2:47 PM on Thursday, November 8th, 2018

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  • Management wishes to confirm that the Company’s management is unaware of any material change in the Company’s operations that would account for this activity
  • Management knows of no reason that would give rise to such unusual trading and has no significant information to disclose which could lead to such activity

MONTREAL, Nov. 08, 2018 — HPQ Silicon Resources Inc (“HPQ”) (TSX Venture:HPQ)  (FRANKFURT:UGE) (OTC PINK:URAGF) announces that it has observed significant and unusual trading in its common stock in recent days.  Management wishes to confirm that the Company’s management is unaware of any material change in the Company’s operations that would account for this activity. Management knows of no reason that would give rise to such unusual trading and has no significant information to disclose which could lead to such activity.

“We wish to reassure all of our stakeholders, and market participants, that the fundamentals of HPQ, in terms of activities previously reported on, as well as the progress being made thereon, are not only sound but are moving forward as expected” said Bernard Tourillon, President and CEO of HPQ Silicon. “As such, we wish to provide the following Company snapshot.”

  1. PUREVAP Gen2:
    • Yield testing phase completed
    • Awaiting final analysis results and report
    • Additional testing before Gen3 is operational mid-2019 possible
  2. PUREVAP Gen3 Pilot Plant:
    • Equipment assembly on schedule
    • Plant build-up on schedule
    • Permitting received for pilot plant operations
    • Patent applications progressing as expected
  3. HPQ Pilot Plant program still fully funded:
    • IQ $1,800,000, 5% and 5 years unsecure convertible debenture closed in August 2018 not affected by government changes in Quebec
    • $1,950,000 equity investment done at 100% premium to yesterday close not affected by recent market variation
    • $1,500,000 equity line of credit for potential project cost overrun not affected by recent market variation
    • HPQ still owns > 500,000 shares of PyroGenesis (PYR: TSX-V)
  4. HPQ – Beauce Gold Field Spin out:
    • Spin out on schedule to be completed
    • BGF “Placer to Hard Rock” potential well received
    • Demand for PP Financing strong, institutional participation, closing soon
    • Date of record will be established after financing closes
    • Investors selling before record date not entitled to receive BGF shares
    • As per plan of arrangement the HPQ ratio ≈ 4.80%, represent an 8% dividend yield based on yesterday close. (100,000 HPQ = 4,800 new shares of BGF)

HPQ lead technical partner and largest individual shareholder commented:

“From a technical perspective we cannot understand the recent decline in the value of the stock of HPQ,” said Peter Pascali CEO of PyroGenesis Inc. “I just want to confirm that should we see that there is no commercial outcome possible we would not continue pursuing this project. It would not make any sense. We have limited resources and as such we must not only dedicate this scarce commodity to profitable projects but to projects that have a future revenue stream. The longer we are on this project, the more we are de-risking it.  With our recent investment in HPQ and the Quebec Government’s support I cannot for the life of me understand the recent decline in the stock.  You can rest assured it is not from any undisclosed technical failure.”

Additional information on the Company is available on SEDAR at www.sedar.com.

About HPQ Silicon

HPQ Silicon Resources Inc. is a TSX-V listed resource company planning to become a vertically integrated and diversified High Purity, Solar Grade Silicon Metal (SoG Si) producer and a manufacturer of multi and monocrystalline solar cells of the P and N types, required for production of high performance photovoltaic conversion.

HPQ’s goal is to develop, in collaboration with industry leaders, PyroGenesis (TSX-V: PYR) and Apollon Solar, that are experts in their fields of interest, the innovative PUREVAPTM “Quartz Reduction Reactors (QRR)”, a truly 2.0 Carbothermic process (patent pending), which will permit the transformation and purification of quartz (SiO2) into high purity silicon metal (Si) in one step and reduce by a factor of at least two-thirds (2/3) the costs associated with the transformation of quartz (SiO2) into SoG Si. The pilot plant equipment that will validate the commercial potential of the process is on schedule to start mid-2019.

Disclaimers:

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws. 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.

For further information contact

Bernard J. Tourillon, Chairman, President and CEO HPQ Tel (514) 907-1011
Patrick Levasseur, COO HPQ, President and CEO BGF Tel: (514) 262-9239
www.HPQSilicon.com

Dry Spell: Canada Runs Low on Legal #Marijuana Just Weeks After Its Approval $BOG.ca $NBUD.ca $MCOA $ACG.ca $ACB $WEED.ca $HIP.ca

Posted by AGORACOM-JC at 11:25 AM on Thursday, November 8th, 2018

  • Canada is running low on legal pot three weeks after the government approved the use of recreational marijuana, a shortage that is sending some frustrated consumers back to the black market
  • At least three provinces — Ontario, Quebec and New Brunswick — are facing a dearth of legal marijuana and two of them have seen outlets selling cannabis temporarily shut down for lack of supply.
  • “We need more weed!” said Trevor Tobin, who teamed up with his mother to open a marijuana retailer called High North in Labrador City, Newfoundland, a small mining town near the Quebec border.

MONTREAL — Canada is running low on legal pot three weeks after the government approved the use of recreational marijuana, a shortage that is sending some frustrated consumers back to the black market.

At least three provinces — Ontario, Quebec and New Brunswick — are facing a dearth of legal marijuana and two of them have seen outlets selling cannabis temporarily shut down for lack of supply.

“We need more weed!” said Trevor Tobin, who teamed up with his mother to open a marijuana retailer called High North in Labrador City, Newfoundland, a small mining town near the Quebec border. He said his suppliers did not grow enough plants and don’t have enough packaging equipment.

“It is the law of supply and demand,” Mr. Tobin said.

The shortage threatens to undermine a major aim of legalization: to tame an illegal marijuana trade estimated at about 5.3 billion Canadian dollars annually. Angry consumers across the country say they are returning to their illegal dealers. In Montreal, several pot smokers said their illegal dealers were taking advantage of the shortage by hawking home delivery services and lowering prices.

Retailers, consumers and the producers themselves say they are exasperated by the shortage, which is being blamed at least partly on the unexpected explosion of demand for government-approved marijuana and the slow pace at which the federal government has licensed cannabis producers.

Of the 132 producers approved by the government to supply marijuana to retailers, 78 have received sales licenses, according to Health Canada, the government department responsible for public health.

Breaking big stories requires support.

“We are building a new legal industry that wasn’t there three weeks ago, and we knew there would be problems,” said Mathieu Gaudreault, a spokesman for Quebec’s cannabis agency. He said demand had outstripped supply, while licensed producers had overestimated their capacity.

Bags of cannabis before being divided for sale at a dispensary in British Columbia.CreditAlana Paterson for The New York Times

“Producers can add more people to try and meet demand,” Mr. Gaudreault said. “But that won’t make the plants grow any faster.”

On Monday, New Brunswick became the latest province to confront a shortage as Cannabis NB, the provincial government agency charged with selling marijuana, temporarily closed half of its 20 stores, citing a production bottleneck. After about 20 percent of its first order was delivered, it said it was waiting for more marijuana deliveries to help plug the gap.

That followed the decision by Quebec’s provincial cannabis agency to shutter its 12 cannabis outlets three days a week until the supply can be replenished.

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In Ontario, some frustrated pot smokers say they have returned to their illegal dealers. The Ontario Cannabis Store, the government retailer, received 150,000 orders in its first week of business and has been struggling to keep up with soaring demand. The problems have been exacerbated by a postal strike.

“The government is just feeding the black market and our customers are going there,” said Mr. Tobin, the shopkeeper. “We are called High North. But legal weed is in such short supply that no one is getting high on it.”

Mr. Tobin said that after opening the store on Oct. 17, the day of legalization, his entire marijuana supply sold out in four hours. Among the items flying off the shelves were a potent sativa strain that gives people a “creative and social buzz,” and pre-rolled joints, he said.

After waiting two weeks to get a new cannabis shipment, he said he had been forced to shutter the store for a week. He said he and his mother had invested about 100,000 Canadian dollars in the shop and were struggling to pay their bills.

His suppliers, who are licensed by the provincial government, had told him that they had underestimated demand. The store, which has now reopened, is trying to scrape by with the sales of paraphernalia like bongs and rolling papers. But Mr. Tobin said it was not enough for the business to be profitable.

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His mother, Brenda Tobin, added that demand for government cannabis had surpassed expectations, in part because of the novelty but also because consumers were drawn by government marijuana being strictly regulated and free from contaminants found in some street marijuana.

Image

Clones from cuttings being dipped in a rooting powder to stimulate growth at Pure Sunfarms.CreditAlana Paterson for The New York Times

“People know what they are getting, and they like that,” she said.

André Gagnon, a spokesman for Health Canada, which is regulating the industry, said that Oct. 17 “marked the end of nearly a century of criminal prohibition of cannabis and the launch of an entirely new regulated industry in our country.”

“As with any new industry where there is considerable consumer demand, we expect there may be periods where inventories of some products run low or, in some cases, run out,” he said in a statement.

Given that marijuana had been illegal for so long, he added, the government didn’t have a reliable benchmark to know which products would be in high demand or to be able to estimate the demand level.

Producers, for their part, say that mastering a new industry invariably means a steep learning curve.

In the run-up to legalization, Aphria, a cannabis producer in Ontario, said it had been forced to dispose of 13,642 plants after a lack of qualified local labor hobbled its harvesting. Vic Neufeld, the company’s chief executive, predicted in October that there would be shortages and that the problem would improve when consumer demand was better understood.

“It’s like trying to merge a five-lane highway into a one-lane country road,“ he said. “It’s tough to get everything through the bottleneck on a timely basis.”

Mandesh Dosanjh, chief executive of Pure Sunfarms, a licensed cannabis producer based in British Columbia, said that shortages were not surprising given that producers were grappling with challenges such as mastering the growing of cannabis on a large scale, creating new supply chains across different provinces and allowing for rigorous and time-consuming inspections by Health Canada inspectors.

“It’s early days,” he said. “It’s hard to find know-how in an industry that was prohibited.”

Adam Greenblatt, a spokesman for Canopy Growth, one of the largest cannabis producers in the country, said the company was still building greenhouses in British Columbia, as it sought to accommodate a burgeoning market. Small things such as running out of the glue for the excise tax stamps required on every package of cannabis were causing some producers to have bottlenecks.

“Everyone is doing their best to meet demand,” he said. “Who would’ve thought that weed would be this popular?”

The Pure Sunfarms cultivation facility in VancouverCreditCreditAlana Paterson for The New York

Times
Source: https://www.nytimes.com/2018/11/07/world/canada/canada-marijuana-shortage.html

Good Life Networks $GOOD.ca Enters Agreement with #Einstein Exchange to Launch #AR #Blockchain Strategy $TTD $RUBI $AT.ca $TRMR $FUEL

Posted by AGORACOM-JC at 9:57 AM on Thursday, November 8th, 2018

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  • Entered into an agreement with Einstein Exchange as launch partner for their AR (accounts receivable) blockchain application, US Patent Office, serial number 62/634,333.
  • “Our AR block chain solution helps our partners improve pay cycles and get paid faster,” stated CEO Jesse Dylan. “This patent pending solution is a huge competitive advantage for GLN as we attract more partners.” Mr. Dylan continued “Our partners get paid in hours instead of months, and they don’t have to pay enormous factoring fees to do so…”
  • Einstein will provide the technology and infrastructure to allow the listing, promotion, sale and redemption of the GLN AR token, both through accredited investors and via the Einstein Exchange.

VANCOUVER, November 8th, 2018 – Good Life Networks Inc. (“GLN”, or the “Company”) (TSXV: GOOD) (FSE: 4G5), a programmatic advertising technology company, announced today that it has entered into an agreement (the “Agreement”) with Einstein Exchange (“Einstein”) as launch partner for their AR (accounts receivable) blockchain application, US Patent Office, serial number 62/634,333.

“Our AR block chain solution helps our partners improve pay cycles and get paid faster,” stated CEO Jesse Dylan. “This patent pending solution is a huge competitive advantage for GLN as we attract more partners.” Mr. Dylan continued “Our partners get paid in hours instead of months, and they don’t have to pay enormous factoring fees to do so.

Einstein will provide the technology and infrastructure to allow the listing, promotion, sale and redemption of the GLN AR token, both through accredited investors and via the Einstein Exchange.

“This is the first true block chain application that we see transforming the entire ecosystem within the digital advertising industry and beyond”, stated Jean Paul Matias, COO of Einstein Exchange. He added, “We are excited to be working on this initiative with the GLN team”.

The GLN Story

GLN is a patent pending machine learning programmatic video advertising technology company that does not collect PII (Personal Identifiable Information).  GLN serves millions of online video ads daily 3 times faster than IAB (Interactive Advertising Bureau) standards through multiple server to server integrations with both publishers and advertisers. GLN is headquartered in Vancouver, Canada with offices in the US and UK.

Digital ad revenue rose by 16.8%, more than double TV’s in January of 2018 according to Forbes Magazine.

GLN trades on the TSX Venture Exchange under the stock symbol “GOOD” and The Frankfurt Stock Exchange under the stock symbol 4G5.

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 “forward‐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 EINSTEIN. 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 forward‐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 cryptocurrency markets, EINSTEIN and general economic conditions. In making the forward‐looking statements in this news release, the Company has applied several material assumptions, including without limitation that the agreement and launch of the GLN AR instrument on the Einstein Exchange will be successfully completed in the time expected by management and its commercial agreement with EINSTEIN will produce the desired results, 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, other than as 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.

For further information, please contact:

[email protected] or call 604 265 7511.

KoreConX expands from Wall Street to Silicon Valley

Posted by AGORACOM-JC at 9:01 AM on Thursday, November 8th, 2018

Image result for koreconx

The company is opening new offices in New York and San Francisco

[New York, NY – November 08, 2018] KoreConX, the all-in-one business platform, is expanding its frontiers and will now be present in both the East and the West coasts in the USA. The company was already present in several events regarding Security Tokens in both cities and will now have permanent offices in those areas.

Steve Ferrando will assume the Director of Business Development position in NYC and will be in charge of KoreConX’s operations in the city. He has over thirty-five years of experience working with firms ranging from small startups to large international investment banks with the majority of that time being spent on traditional financial services as well as alternative finance.

“I’m excited to join the KoreConX team and help our clients to conduct their capital raises using our fully automated, regulatory compliant platform. With offices in some of the world’s leading financial centers, it’s an honor to be heading up our newly opened NY office,” said Steve Ferrando. “Although digital finance is a truly global undertaking, New York is an incredibly important market for us.”

In San Francisco, Byron Sanders will be in charge of KoreConX operations and is the new Director of Business Development in that area. He began his career in the regulated crowdfunding space in 2015 when his company started working with Fund America (acquired by Prime Trust).  He then worked in the technology transfer and licensing industry as Business Developer for Tynax, a patent market exchange in Silicon Valley. He is also a former master distributor for Sprint (NYSE: S) and Boost Mobile with Platinum Wireless, Inc and Tracfone (NASD: AMOV) with Rushstar Wireless, Inc.

“I’m excited to join the KoreConX team to help further its mission of revolutionizing global private capital markets. It is important for KoreConX to be present in San Francisco, due to its large community of startups, tech talent, venture capital, broker-dealers, blockchain companies and professionals, who are all needed to develop this new asset class,” said Byron Sanders. “The global securities market is a multi-trillion dollar industry, and it is an honor to work with the team who was instrumental in getting The JOBS Act signed into law by President Barack Obama.”

“We are very excited to have Steve in New York and Byron in San Francisco. KoreConX is a fintech company, which means that we need to be in tune with the finance industry without forgetting the technological aspect of our business. This makes it crucial for us to be present in both Wall Street and Silicon Valley,” said Oscar Jofre, co-founder & CEO at KoreConX. “We are very excited about our new offices and confident that new and great partnerships will come from those areas.”

Other than New York and San Francisco, KoreConX is present in the cities of Chicago and Jacksonville in the US. The company also has offices in Canada, Peru, UAE, China, Singapore, and Australia.

About KoreConX

KoreConX is the world’s first highly-secure permissioned blockchain ecosystem for fully-compliant tokenized securities worldwide.

To ensure compliance with securities regulation and corporate law, the KoreConX all-in-one, AI-based blockchain platform manages the full lifecycle of tokenized securities including the issuance, trading, clearing, settlement, management, reporting, corporate actions, and custodianship. KoreConX connects companies to the capital markets and secondary markets facilitating access to capital and liquidity for private investors.

KoreConX is the first secure, all-in-one platform for private companies to manage their capital market activity and stakeholder communications. Removing the burden of fragmented systems and inefficient tools across multiple vendors, KoreConX offers a single environment to connect companies, investors and broker/dealers. Leveraged for investor relations and fundraising, private companies can share and manage corporate records and investments including portfolio management, capitalization table management, virtual minute book, security registers, transfer agent services and virtual deal rooms for raising capital.

www.KoreConX.io

Promoter to pour $50 million into new #Esports competitions #LOL $GMBL $ATVI $TTWO $GAME $EPY.ca $TCEHF $Game.ca $EPY.ca

Posted by AGORACOM-JC at 4:15 PM on Wednesday, November 7th, 2018

  • It’s no secret that Asia is the fastest-growing esports market. And now, One Championship wants a slice of the pie.
  • The Singapore-based martial arts promoter will organize an effort to pump up to $50 million into the launch of the One eSports championship series next year, One Championship said Wednesday.
  • The tournament and related events will be part of a joint venture with Japanese ad agency Dentsu that also includes partners Razer, the gaming hardware maker, and Singtel, the Singapore telecom.

One Championship’s efforts in Asia will culminate in a new tournament.

It’s no secret that Asia is the fastest-growing esports market. And now, One Championship wants a slice of the pie.

The Singapore-based martial arts promoter will organize an effort to pump up to $50 million into the launch of the One eSports championship series next year, One Championship said Wednesday. The tournament and related events will be part of a joint venture with Japanese ad agency Dentsu that also includes partners Razer, the gaming hardware maker, and Singtel, the Singapore telecom.

The announcement comes amid rapid growth in video game competitions, especially in Asia. Global esports revenue is expected to top $900 million this year, according to market researcher Newzoo. Esports debuted as a demonstration sport at this year’s Asian Games in Indonesia and is set to become a medal event at the 2022 Asian Games in China.

One eSports will feature “blockbuster” game titles and will host multiple esports events next year, according to One Championship. Specific details such as game titles, the number of events and their locations aren’t clear yet, but the esports competitions are expected to sync with One Championship’s already scheduled martial arts events. The esports matches will be broadcast live.

“We see a natural crossover between martial arts and gaming fans in Asia and an opportunity to bring them together under Asia’s home of millennial live sports,” Chatri Sityodtong, chief executive of One Championship, said in the announcement.

In addition to live event broadcasts, One eSports plans to stream content such as documentaries, reality shows and video blogs across its broadcast platforms in 138 countries.

Source: https://www.cnet.com/news/one-championship-pumps-in-50m-to-bring-the-fight-online-in-asia/