Agoracom Blog Home

Archive for the ‘All Recent Posts’ Category

INTERVIEW: Augusta Industries $AAO.ca Discusses Sale of FOX-TEK Canada to Mooncor for up to $21.5M $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 4:05 PM on Wednesday, May 30th, 2018

On May 27th, Augusta Industries had a market capitalization of approximately $6.5 Million.

On May 28th, the Company announced the sale of one of its’ two subsidiaries for up to $21.5 Million consisting of $9,500,000 in common stock of the acquiror (Mooncor) and additional potential royalties of $12,000,000.

Augusta plans to “distribute a portion of the consideration shares to shareholders” and though no official plan is in place, CEO Allen Lone believes it will be in the 25% range. If you do the math, 25% of $9.5M is $2.37M being returned to shareholders. At a market cap of $6.5, that amounts to an approximate 35% return to current shareholders.

Plus, the remaining shares go on the balance sheet of the company and royalty payments could add substantial cash to the company in the coming years. Not bad. Not bad at all.

If that were it, you’d have no reason to watch the interview – but there is more. A lot more with respect to the remaining subsidiary (Marcon) and other plans.

A new page is turning for Augusta and investors both old and new will want to watch what Allen has to say.

Marijuana Company of America $MCOA and Global Hemp Group $GHG.ca Provide Update on New Brunswick Hemp Project $AERO $CBDS $CGRW $APH.ca $GBLX

Posted by AGORACOM-JC at 8:40 AM on Wednesday, May 30th, 2018

15233 mcoa

  • Planting of the seeds on the first 77 acres will be completed this week
  • Remaining 48 acres will be seeded over the next two weeks, once the farmers receive soil test results for this acreage and are able to determine fertilizer requirements for this year’s cultivation

Escondido, California–(May 30, 2018) – MARIJUANA COMPANY OF AMERICA INC. (OTC Pink: MCOA) (“MCOA” or the “Company“), an innovative hemp and cannabis corporation, is pleased to provide an update on its 125-acre industrial hemp project in northeast New Brunswick with joint venture partner Global Hemp Group Inc. (CSE: GHG) (OTC Pink: GBHPF) (FSE: GHG).

The planting of the seeds on the first 77 acres will be completed this week. The remaining 48 acres will be seeded over the next two weeks, once the farmers receive soil test results for this acreage and are able to determine fertilizer requirements for this year’s cultivation.

The Department of Aquaculture Agriculture and Fisheries (DAAF) will also be conducting fertility trials on reserved plots at participating farms. DAAF will contribute the fertilizers to the project as part of these trials. The trials will be conducted at no cost to the project and are a clear indication of the collaborative relationship that has been established with DAAF.

In addition, there is an organic certification trial underway on an additional two-acre plot at the project. It will take three years to complete the organic certification process for this field. As part of the process, the plot will begin a three-year cultivation rotation of hemp, oats and a green manure crop to be defined at a later date. In three years this plot will produce certified organic CBD and organic oats, a crop with an excellent market.

Project managers are currently evaluating drying equipment that will be required to process the biomass after it is harvested. Drying will prepare the biomass for shipment to processors for extraction of the cannabinoids. Management is in discussions with a number of potential processing partners for this material. A final decision will be made in the coming weeks.

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 recreations 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 Global Hemp Group Inc.
Global Hemp Group Inc. (CSE: GHG) (OTC Pink: GBHPF) (FSE: GHG), is headquartered in Vancouver, British Columbia, Canada, with base operations in Montreal and Los Angeles. The Company is focused on a multi-phased strategy to build a strong presence in the industrial hemp industry in both Canada and the United States. The first phase of this strategy is to develop hemp cultivation with the objective of extracting cannabinoids (CBD, CBG, CBN & CBC) and creating a near term revenue stream that will allow the Company to expand and develop successive phases of the strategy. The second phase of the plan will focus on the development of value-added industrial hemp products utilizing the processing of the whole hemp plant, as envisioned in the Company’s Hemp Agro-Industrial Zone (HAIZ) strategy.

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
NetworkNewsWires/MCOA

Corporate Communications Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
[email protected]

#Cannabis and #CBD Markets are Set to Increase in Value $N.ca $NXTTF $TBP.ca $MCOA

Posted by AGORACOM-JC at 3:59 PM on Tuesday, May 29th, 2018
  • U.S. medical cannabis market is projected to reach $19.48 billion by 2024
  • Projected growth is driven by the increasing acceptance of medical advantages associated with cannabis, particularly for patients dealing with cancer, diabetes and chronic pain

NEW YORK, May 29, 2018 — According to a report by Hexa Research, the U.S. medical cannabis market is projected to reach $19.48 billion by 2024. The projected growth is driven by the increasing acceptance of medical advantages associated with cannabis, particularly for patients dealing with cancer, diabetes and chronic pain. Symptoms and conditions that may be treated with cannabis products include cancer, HIV, AIDS, Alzheimer’s disease, and multiple sclerosis. Chronic pain accounted for 46 percent of the U.S. cannabis medical market share in 2016. According to the research, the solid cannabis edibles segment in 2016, within the U.S. market generated $2.47 billion in revenue and is expected to continue to dominate the cannabis industry to 2024. Chineseinvestors.com, Inc. (OTC: CIIX), Kush Bottles, Inc. (OTC: KSHB), General Cannabis Corporation (OTC: CANN), Isodiol International Inc. (OTC: ISOLF), PotNetwork Holdings, Inc. (OTC: POTN)

A major portion of the legal cannabis industry Cannabidiol products. Cannabidiol, or CBD, is one of at least 113 active cannabinoids identified in cannabis. The CBD market is growing rapidly in recent years due to CBD’s medical benefits. Sean Murphy, the Founder and Publisher of Hemp Business Journal, said: “Hemp Business Journal estimates the total retail value of all hemp products sold in the U.S. to be at least $688 million for 2016. We estimate the hemp industry will grow to $1.8 billion in sales by 2020, led by hemp food, body care, and CBD-based products. The data demonstrates the hemp industry is growing quickly at 22% five year CAGR and being led by food and body care products, with Hemp CBD products showing a 53% AGR.”

Source: https://www.prnewswire.com/news-releases/cannabis-and-cbd-markets-are-set-to-increase-in-value-683935941.html

Forget #Bitcoin: #Blockchain is the Future $SX $SX.ca $SXOOF $IDK.ca $AAO.ca $HPQ.ca

Posted by AGORACOM-JC at 11:52 AM on Tuesday, May 29th, 2018
By Nathan Reiff | May 27, 2018 — 5:55 AM EDT

Cryptocurrencies of all types make use of distributed ledger technology known as blockchain. Blockchains act as decentralized systems for recording and documenting transactions that take place involving a particular digital currency. Put simply, blockchain is a transaction ledger that maintains identical copies across each member computer within a network.

Any party is able to both review previous entries and record new ones, although most blockchain networks have complex rules for the addition of new groups of records, “blocks,” to the chain of previous records. The blocks and the contents within them are protected by powerful cryptography, which insures that previous transactions within the network cannot be either forged or destroyed. In this way, blockchain technology allows a digital currency to maintain a trusted transaction network without relying on a central authority. It is for this reason that digital currencies are thought of as “decentralized.” (See also: How Does Blockchain Work?)

While blockchain is most famous for its role in facilitating the rise of digital currencies over the past several years, there are also many other non-cryptocurrency uses for this technology. Indeed, some blockchain proponents believe that the technology could far outpace cryptocurrencies themselves in terms of its overall impact, and that the real potential of blockchain is only just now being discovered. As such, it’s likely that financial advisors and many others in the investing world will encounter blockchain technology much more in the years to come, whether it is linked with a specific cryptocurrency or if it’s being utilized in any number of other applications. Below, we’ll explore some of the most exciting and popular use cases likely to bring blockchain further into the world of mainstream business and finance.

Cross-Border Payments

Traditionally, the transfer of value has been both expensive and slow, according to a report by Deloitte, and especially for payments taking place across international borders. One reason for this is that, when multiple currencies are involved, the transfer process typically requires multiple banks in multiple locations before the intended recipient can actually collect his or her money. There are existing services to help facilitate this process in a faster way, but these tend to by quite expensive.

Blockchain technology has the potential to provide a much faster and cheaper alternative to traditional cross-border payments methods. Indeed, while typical money remittance costs might be as high as 20% of the transfer amount, blockchain may allow for costs as low as 2%, as well as guaranteed and real-time transaction processing speeds. There are hurdles to be passed, including regulation of cryptocurrencies in different parts of the world and security concerns. Nonetheless, this is one of the most promising and talked about areas of blockchain technology application. (For more, see: Bitcoin’s Most Profitable Use: the $600 Billion Overseas Remittance Business?)

Smart Contracts

Smart contracts are often seen as a highly powerful application of blockchain technology. These contracts are actually computer programs that can oversee all aspects of an agreement, from facilitation to execution. When conditions are met, smart contracts can be entirely self-executing and self-enforcing. For proponents of smart contracts, these tools provide a more secure, more automated alternative to traditional contract law, as well as an application that is faster and cheaper than traditional methods.

The potential applications of smart contract technology are essentially limitless and could extend to almost any field of business in which contract law would normally apply. Of course, while highly touted, smart contracts are not a magical substitute for old-fashioned diligence. In fact, the case of the Decentralized Autonomous Organization (DAO) is a cautionary tale and a warning to investors to not assume that smart contracts are any better than the information and organization that a user puts into them. Nonetheless, smart contracts remain one of the most exciting ways that blockchain technology has already extended beyond the cryptocurrency space and into the broader business world. (See also: Understanding Smart Contracts.)

Identity Management

One of the most problematic results of the internet age has been identity security. As diligent as many individuals and organizations are in maintaining their online identities and securing private information, there are always nefarious actors looking to steal and profit off of these digital items. Blockchain technology has already demonstrated the potential for transforming the way that online identity management takes place.

Blockchain offers a tremendous level of security, thanks to independent verification processes that take place throughout member computers on a blockchain network. In digital currency cases, this verification is used to approve transactions before they are added to the chain. This mechanism could just as easily be applied to other types of verification procedures, including identity verification and many other applications as well.

At this point, blockchain is a technology with an exceptionally broad set of potential uses. Although blockchain is most famous for its connections to the blossoming cryptocurrency world, several other applications have already been explored. Perhaps even more exciting, though, is that new ways of utilizing blockchain emerge every day. As such, whether you are directly involved in the digital currency space or not, it’s essential to develop an understanding of blockchain and how it may be used to transform the business and investment worlds. (For additional reading, check out: All About Amazon’s New Blockchain Service.)

Read more: Forget Bitcoin: Blockchain is the Future | Investopedia https://www.investopedia.com/tech/forget-bitcoin-blockchain-future/#ixzz5GtuZEx4l

$GGX.caGGX Gold Drill Intersects – 14.6 g/t Gold and 150 g/t Silver including 102 g/t Telluride – Over 2.1 Meters at COD Vein – Greenwood BC

Posted by AGORACOM at 9:35 AM on Tuesday, May 29th, 2018

https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564602/hub/ggx_large.png

  • Phase III diamond drilling program on the Gold Drop Property near Greenwood, BC.
  • Program designed to test and further define the COD Vein, a Dentonia/Jewel style quartz vein, located in the Gold Drop Southwest Zone
  • Intersected 14.6 g/t Gold and 150 g/t Silver – Over 2.1 Meters at COD Vein

 

Vancouver, British Columbia (FSCwire)GGX Gold Corp. (TSXV: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX”) is pleased to announce the receipt of the first batch of analytical results from this seasons Phase III diamond drilling program on the Gold Drop Property near Greenwood, BC.

To view the graphic in its original size, please click here

The ongoing diamond drill program is designed to test and further define the COD Vein, a Dentonia/Jewel style quartz vein, located in the Gold Drop Southwest Zone. Trenching during 2017 has exposed the northeast – southwest striking COD Vein for over 160 meter strike length.

The analytical results reported in this News Release are for the first three holes of the 2018 drilling program, which were completed from a pad north of the COD Mineshaft. DDCOD16-1 was drilled at a 86° azimuth and a 45° dip. DDCOD16-2 was completed at a 136°azimuth and a 60° dip. DDCOD18-3 was drilled at a 60° dip and a 91° azimuth. The pad was designed to test the veins from a stepped back position following up on the results during the 2017 drill program. The drilling targeted the COD vein 10-20 m north of the COD mineshaft. The initial 3 drill holes all intercepted the COD vein at depth. The DDCOD18-1 intercepted the vein at an in-hole depth of 31.1m, or true depth of 22 m. DDCOD18-2 intercepted the vein at an in-hole depth of 41.2 m, or true depth of 35 m. DDCOD18-3 intercepted the vein at an in-hole depth of 49 m or 42 m true depth.

To view the graphic in its original size, please click here

The analytical results listed below are from holes DDCOD18-1 to DDCOD18-03, testing the COD Vein. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported. The Gold and Silver analyses are reported in grams per tonne (g/t equals parts per million). The intervals listed in the table below are from the gold and silver bearing vein and / or adjacent low grade mineralized host rock.

Hole ID From (m) To (m) Interval Length (m) Au (g/t) Ag (g/t) Te (g/t)
COD18-1 31.1 32.3 1.2 5.51 46.3 32.6
including
COD18-1 31.1 31.6 0.5 4.65 49.9 32.1
COD18-1 31.6 32.3 0.7 6.12 43.7 32.9
COD18-2 39.9 41.25 1.35 0.64 7.04 4.67
COD18-2 41.25 42.15 0.9 7.81 70.3 46.9
COD18-2 42.15 42.78 0.63 0.48 4.83 3.22
COD18-3 46.35 47.02 0.67 0.83 5.45 3.73
COD18-3 49 51.1 2.1 14.62 150.2 102.0
including
COD18-3 49 49.55 0.55 3.14 17.9 3.73
COD18-3 49.55 49.95 0.4 4 36.6 26.30
COD18-3 49.95 51.1 1.15 23.8 253 170.50

The most significant gold mineralization is found in the COD Dentonia/Jewel style quartz vein. The vein is mineralized with pyrite and trace chalcopyrite and telluride minerals. The hostrock near the vein is often altered and carries anomalous silver and gold values, such as at 39.9-41.25 m and 42.15-42.78 m in DDCOD18-2 and 46.35-47.02 m in DDCOD18-3. This silicification and chlorite alteration is texture and magnetite destructive. Strong fine disseminated pyrite is often found in these alteration zones.

To view the graphic in its original size, please click here

Observed core vein contact angles indicate the COD vein is sub-vertical being structurally controlled by the host rock. The predominant host rock for the COD vein is a massive and competent medium grain granodiorite of the Antsey Pluton. Faulting does occur however the general north south trend of the vein is predictable.

In 2017 the Company had received analytical results for 68 trench channel samples collected at the COD Vein. These samples returned anomalous to high grade values for gold, including high values of 43.2 grams / tonne (g/t) Gold and 224 g/t Silver (News Release of July 26, 2017). The first batch of 2017 drill core samples for the COD Vein returned up to 24.1 g/t Gold and 192 g/t Silver (News Release of Aug 28, 2017). The second batch of drill core samples also returned significant gold and silver values including a broad intersection in hole COD17-14 grading 4.59 g/t Gold and 38.64 g/t Silver over 16.03 meters core length with a high grade core grading 10.96 g/t Gold and 89.86 g/t Silver over 5.97 meters core length (News Release of Sept 7, 2017).

Drill core is being geologically logged and sampled at the Greenwood facility. Drill core is sawn in half with half core samples submitted for analysis and remaining half core stored in a secure location. Core samples were delivered to the ALS Minerals laboratory in Vancouver to be analyzed for gold by Fire Assay – AA. The samples are also being analyzed for 48 Elements by Four Acid and ICP-AES / ICP-MS. Quality control (QC) samples are inserted at regular intervals.

 

To view the graphic in its original size, please click here

David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.

On Behalf of the Board of Directors,

Barry Brown, Director

604-488-3900

Investor Relations: 

Mr.  Jack Singh: 604-488-3900     E-mail: [email protected]

 

FEATURE: Applied Biosciences – Poised to Succeed in CBD Market $AERO $CBDS $CGRW $APH.ca $GBLX

Posted by AGORACOM at 7:18 AM on Tuesday, May 29th, 2018

        

  • Consumer company with Multiple CBD Brands focused on Consumer, Pet, Female and Health and Wellness
  • Building brand with a scalable process and operation
  • Commenced sales of its hemp-derived CBD products on LeafLink’s industry-leading B2B e-commerce platform
  • Launched CBD product line under the Remedi CBD brand
  • Products will be sold on Remedi’s new website (www.remedishop.com) and in select locations in the U.S.
  • Launched CBD product line under TherPet brand (https://therpet.com/)
  • Currently shipping to the majority of US states and Internationally to 5 countries
  • Several strategic partnerships and investments currently in place
  • Partners include: High Times & GemmaCert

Key Market Drivers

     Increasing Momentum Towards Legalization

  • Especially related to medical -use Cannabis
  • Cannabis is legal in 29 states and the District of Columbia in some form ( or decriminalized )
  • International Opportunities: * Cannabis is now trading globally, with Canadian      grown Medical cannabis being exported to Germany, Croatia, New Zealand, Brazil and Chile. The Dutch are sending shipments of medical cannabis to Italy, Germany and Finland.   

     Shifting Public Opinion

  • Belief that the growth of the regulated cannabis industry has been fueled by changing public attitudes in the United States. A 2015 poll by Harris found 81% of Americans support the legalization of cannabis for medical use. Driven in part by this shift in public opinion.       

                        

 

 

About Applied BioSciences Corp.

Applied BioSciences Corp. (www.appliedbiocorp.com), is a diversified company focused on multiple areas of the medical, bioceutical and pet health industry. As a leading company in the CBD and Pet health space, the company is currently shipping to the majority of US states as well as to 5 International countries. The company is focused on select investment, consumer brands, and partnership opportunities in the recreational, health and wellness, nutraceutical, and media industries.

The company has several strategic partnerships and investments currently in place and is actively pursuing additional partnerships and strategic growth opportunities.

Contact

Email: [email protected] or [email protected]

To be added to the Applied BioSciences email distribution list, please email [email protected] with APPB in the subject line.

Official Website: www.appliedbiocorp.com

Brands:

www.remedishop.com
www.therpet.com

Follow us:

Facebook @remedicbd & @therpetcbd
Instagram @remedicbd & @therpet
Twitter @remedishop & @therpet

Good Life Networks Inc. $GOOD.ca increases first quarter revenue year over year by 2072%

Posted by AGORACOM-JC at 4:33 PM on Monday, May 28th, 2018

Glnlogo black 11

  • Revenue increased 2072% to $1,322,139 in the First Quarter of 2018 compared to $60,870 during the First Quarter of 2017;
  • Gross profit during the three months ended March 31, 2018 increased to $448,270 from $1,971 during the First Quarter ended March 31st, 2017;
  • Gross margin as a percentage of revenue during the three months ended March 31, 2018 were 34% compared to 3% during the First Quarter of 2017, representing a 1,133 % increase.

VANCOUVER, May 28, 2018  – Good Life Networks Inc. (“GLN“, or the “Company“) (TSX-V: GOOD, FSE: 4G5), a Vancouver-based programmatic advertising technology company, is pleased to announce that it has filed its First Quarter reviewed financial statements for the three months ended March 31, 2018 or “First Quarter” of 2018.  The Company’s reviewed interim consolidated financial statements as at and for the three months ended March 31, 2018 and related management’s discussion and analysis can be found on the Company’s SEDAR profile at www.sedar.com.  All figures are expressed in Canadian dollars unless otherwise stated.

Jesse Dylan, President and CEO commented, “We are very pleased with the revenue growth for Q1, 2018. It is a fantastic base for us to work from to meet our revenue and earnings objectives for the full fiscal year.” 

Financial Highlights:

  • Revenue increased 2072% to $1,322,139 in the First Quarter of 2018 compared to $60,870 during the First Quarter of 2017;
  • Gross profit during the three months ended March 31, 2018 increased to $448,270 from $1,971 during the First Quarter ended March 31st, 2017;
  • Gross margin as a percentage of revenue during the three months ended March 31, 2018 were 34% compared to 3% during the First Quarter of 2017, representing a 1,133 % increase.
  • Adjusted EBITDA loss for the three months ended March 31, 2018 was approximately $367,000 compared to an adjusted EBITDA loss of approximately $631,000 recorded for the First Quarter 2017.
  • The Company incurred a one-time expense of $2,318,018 in listing fees, third-party services and bonuses in connection with the RTO of Exito Energy II Inc. (“Exito”).

BUSINESS UPDATE

During First Quarter of 2018, the Company achieved the following milestones:

  • Completed RTO transaction with Exito, and concurrently raised $9.2M of equity.
  • Granted patent pending status by the USPTO on several innovations related to our exchange platform, algorithms and blockchain application designed to accelerate AR payment cycles for vendors in the digital advertising ecosystem.
  • March 8th, we continued our aggressive integration strategy by entering a commercial agreement with U.S. based Answer Media, giving us access to a global supply chain consisting of over one hundred million unique users and over three hundred publishers (websites on desktop and mobile).
  • March 22nd, we expanded into the U.K. with Advenue Limited (“Advenue”). Our agreement and integration with this London based company expands GLN’s global reach by up to nine new regions and includes access to over 4,000 mobile publishers across Android and iOS platforms.”

Subsequent to First Quarter

  • April 3rd, CEO Jesse Dylan and his team rang the bell at TSX to open the stock market marking GLN’s public listing on TSX-V under the stock symbol GOOD.
  • April 12th, GLN announced its listing on the Frankfurt Stock Exchange (third largest exchange globally in terms of volume of trading behind New York and NASDAQ) under the trading symbol 4G5.
  • April 19th, GLN entered into an Advisory Agreement with First Coin Capital (a Vancouver-based technology services company dedicated to advising established companies and providing access to the emerging digital currency asset class.) to assist in the detailed analysis and planning of the GLN accounts receivable (“AR”) Blockchain application.
  • April 26th, GLN announced record revenue during the twelve months ended December 31, 2017 increased 278% to $9,723,075.
  • May 3rd, GLN entered a commercial agreement to integrate with Clickky, a New York based global leader in monetization solutions for mobile applications. Clickky offers video advertising opportunities inside thousands of mobile applications – Reaching 1 billion daily advertising opportunities and 5 million monthly new application installations.
  • May 10th, GLN to announced the launch of a “CEO Verified” Discussion Forum on AGORACOM and secured an ongoing media campaign with extensive editorial coverage services from Market One Media Group Ltd.
  • May 17th, GLN announced it has entered into a Letter of Intent to acquire 100% shares of the Impression X, a leading connected television (“CTV”) advertising technology company. CTV is one of the fastest growing areas of advertising technology. In 2018, it is expected that over 60% of all premium video on demand will be delivered via a connected television reaching an expected 759.3 million connected television sets globally (Digital TV Research).

Jesse Dylan, President and CEO commented, “As we release our first quarter results for 2018 and look back over the previous year, I’m content in the knowledge that we are making strong and steady progress while moving forward. I’m reminded of the quote that rests at the bottom of each email I send: A river cuts through rock, not because of its power, but because of its persistence.” 

Summary of Financial Results and Information

Consolidated Statement of Operations
Three months ended March 31,
2018 2017
Revenue $ 1,322,139 $ 60,870
Cost of Sales $ 873,869 $ 58,899
Gross Profit $ 448,270 $ 1,971
Gross Margin 34% 3.2%
Expenses $ 1,361,860 $ 711,570
Operating Income (Loss) $ (913,590) $ (709,599)
Net Income (Loss) for the first quarter $ (2,948,479) $ (756,195)
Income (Loss) per share –
Basic $ (0.05) $ (0.03)
Diluted $ (0.05) $ (0.03)
March 31, 2018 December 31, 2017
Total Assets $ 12,707,154 $ 9,832,633
Total Liabilities $ 6,702,729 $ 12,094,377
Total Shareholders’ Equity (Deficiency) $ 6,004,425 $ (2,261,744)

 

Full details of the financial reports and operating results for the First Quarter ended March 31st, are described in the Company’s financial statements with accompanying notes and related Management’s Discussion and Analysis. These documents and additional information on Good Life Networks Inc. is available on SEDAR at www.sedar.com.

Conference Call

The company will also host a live conference call on May 28th, 2018, at 1:30 p.m. PST.
To access the conference call by phone, please dial:
Canada/USA: 1-800-319-4610
International Toll: 1-604-638-5340
Germany: 0800-180-1954
UK: 0808-101-2791
Callers should dial in five to 10 minutes prior to the scheduled start time.

The GLN Story

GLN harnesses the power of artificial intelligence to improve marketing return on investments for advertisers using its patent pending video advertising technology. By 2020, MAGNA, the research arm of media buying firm IPG Mediabrands, expects digital ads to make up 50 percent of all ad spending, expected to reach $237 billion this year. GLN recently closed a $9.2 million subscription financing prior to closing its qualifying transaction and 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.

SOURCE Good Life Networks Inc.

View original content: http://www.newswire.ca/en/releases/archive/May2018/28/c6554.html

please contact: [email protected] or call 604 265 7511.Copyright CNW Group 2018

As pro gaming takes off, so do #Esports careers $GMBL $ATVI $TTWO $GAME $EPY.ca $TCEHF

Posted by AGORACOM-JC at 3:02 PM on Monday, May 28th, 2018
Dean Takahashi@deantak May 28, 2018 7:15 AM

Above: Arnold Hur (left) and Justin Choy of Gen.G.

Not all of us can make a living as professional gamers in the Overwatch League. But Justin Choy’s gig may be the next best thing. He’s the content marketing manager in charge of videos and social media for Gen.G, the esports organization that operates multiple teams — such as the Seoul Dynasty, one of the franchises in Activision Blizzard’s new Overwatch League.

It’s the kind of job that didn’t exist a generation ago, and the 28-year-old Choy is one of the few people who could do something like this, according to his boss, Arnold Hur, chief growth officer at Gen.G, which was formerly known as KSV eSports. As esports grows from $906 million in 2018 to $1.65 billion by 2021 (according to market researcher Newzoo), new kinds of jobs are being born in its ecosystem.

I think of it as the Leisure Economy, where we all will eventually get paid to play games. Besides people like Choy and Hur, the Leisure Economy already includes people like esports athletes, cosplayers, influencers, YouTubers, livestreamers, shoutcasters, and modders. There’s a broader group of accountants, lawyers, and other professionals who work for esports and game companies, and they’re also using their knowledge of games to prosper. The parents of these people probably cursed their obsession with video games, but that obsession has paid off handsomely for those who use it to become celebrities in our attention-based society.

Above: A Seoul Dynasty fan cheers on his team in the Overwatch League

People like Choy are still a rare group. Hur said it hasn’t been easy scouting for people in Los Angeles — the epicenter of esports, or playing games for money — who have the combination of skills that Choy has: online video skills, social media savvy, and a deep interest in games and esports. These weren’t the kinds of skills that Choy could pick up in college.

Rather, he developed the skills based on his own passions. Before he took the job at Gen.G, Choy was an online game fan and music-marketing expert. He is now in charge of managing a team of videographers and editors who shoot video footage of the Seoul Dynasty team. Their job is to capture amazing, cool, or funny gameplay and lifestyle videos of the pro gamers. They edit them down into snippets, share them on social media, and hope that they go viral.

“My job is less about video editing and more ideation on content pieces that will go viral,” said Choy in an interview with GamesBeat. “We try to tell the story of the team.”

For Gen.G, it’s all about generating a new revenue stream. Every week, the Seoul Dynasty plays competitive esports tournaments for the Overwatch League, which draws millions of views every week. Those viewers are mostly millennials who have a lot of disposable income but aren’t easy to find on traditional media channels, such as television.

Above: Justin Choy of Gen.G is 28 and is the content marketing manager for the Seoul Dynasty team.

Image Credit: Dean Takahashi

Nielsen recently compared the esports demographic — about 70 percent male, ages 13 to 40 — to soccer fans, and it said they are “irresistible” to brand advertisers. But they’re hard for advertisers to target, as they only watch about four hours of TV per week. They spend twice as much time playing games.

But esports is still looking for its big revenue stream. Players, team owners, game publishers, investors, venues, and startups alike are looking for revenue from sponsorships, merchandise sales, media rights fees, game-publisher fees, advertising, and ticket sales. And if they can accumulate enough of an audience — one of the goals that Hur and Choy have been hired to make happen — the revenues will likely come.

“With traditional sports, an average fan spends about $50 per year,” Kent Wakeford, cofounder of Gen.G, said during a fireside chat at the GamesBeat Summit in Mill Valley, California, today. “With esports, it’s an average of $5. There’s this big gap, and if you can come in and close it. It’s this 10x opportunity.”

Above: KSV’s Seoul Dynasty Overwatch team.

Image Credit: KSV

The video crew captures film in mini-documentary style so that fans can see what it’s like to be a competitive gamer at the highest level. The five-member starting squad plays every day at a team house, but they consume so much bandwidth that Choy can’t upload videos from the house. They go through roughly a terabyte of data in a week. And yes, they spend a lot of their time uploading and editing. That’s because they have to go through that sea of data and whittle it down to digestible bites.

Choy disperses the video team to their home locations, and they upload video to the cloud so that he can review it. Then, he offers his editing tips for finding the funniest videos and directs the video editors to chop down and edit the videos for publication. Once everything’s done, the team uploads the video to the social media sites, and Choy shares it as widely as possible on YouTube, Twitter, Facebook, Twitch, and Instagram.

The social media sites can magnify the awareness and influence of the team at relatively little cost. SuperData estimated that Twitch had more than 666 million viewers in 2017, more than Netflix or HBO.

The videos feature in-game coverage, lifestyle features on the players, matches, and match previews. The idea is to get fans exposed to the behind-the-scenes views of the players and their personalities.

Above: Seoul Dynasty is a new Overwatch League team.

Image Credit: KSV Esports

“We try not to make it like reality TV, so it is as organic as possible, and the players are comfortable,” Choy said. “The common view is the players tend to be hermits. We need to tap into the personality that the internal staff knows that they have. They are funny and can spark up the room, and you need the right videographer to do that.”

It may seem like a bizarre subculture, but Choy was already part of it. Finding people like that with the talent to bring great attention to the sport is difficult, Hur said.

“There are a lot of people who say they love esports, but the rest of the resume has nothing,” Hur said. “For things like handling Twitch payments, there is almost zero experience in this field. It’s a huge challenge hiring people. We look for people who are good at what they are do and are super passionate. In L.A., there are talented video editors, but do they know what to show the audience? They aren’t teaching people how to do this in school.”

It helps that Hur speaks Korean, and Choy speaks some as well, as all of the star players are Korean on the team. South Korea is known as the birthplace of esports, and it’s the rare place where esports players are known as media superstars. The Overwatch League’s player base is about 40 percent Korean.

The videographers shoot the team in their own team house where they practice. Those videographers have to be in sync with the team on an emotional level, as they don’t want to air videos that make the team members upset and throw them off their game.

If the videos are captured while the players are speaking Korean, then the team has to write subtitles. Multitasking is a valuable skill. The pay could start at $50,000 for good editors, and then, it ramps up from there.

Choy tries to capture what the team is really like, and his gamer background helps with that. He has also applied his music background, getting the players to put out their own playlists for gaming music on Spotify.

Above: Arnold Hur (left) and Justin Choy of Gen.G.

Image Credit: Dean Takahashi

“I understand the struggle where they start out low, grind through it to make it to the pros,” he said. “It’s not all about making a direct return on video investments. I want to make engaging content that the fans can connect with and show a different side of the players that the fans don’t see.”

Choy is part of a team that has about seven full-time and part-time people. There are other jobs coming. Gen.G is building an esports center in Seoul, and it is looking for people like interior designers, and it will likely have to figure out how to shoot videos of its other esports teams as well.

“Every big game or intellectual property will [need] its own social media manager and production team,” Hur said.

Eventually, sponsors will come into the picture, and that adds a layer of complexity to the “authenticity” of the social sharing, as brands don’t always like gamer footage that is too raw.

Overall, Choy and Hur like what they’re doing because they are pushing the edge of social media by embracing technology.

“We know there’s some interesting technology out there to identify highlights in videos,” Hur said. “New industries can be born. You have to be adept at the latest tech platform.”

Choy added, “It’s part of a passion. It doesn’t [feel] like work.”

Source: https://venturebeat.com/2018/05/28/as-pro-gaming-takes-off-so-do-esports-careers/

#Silicon’s Importance to the #Solar Power and #EV Battery Markets $FSLR $SPWR $CSIQ $NEP

Posted by AGORACOM-JC at 2:36 PM on Monday, May 28th, 2018
  • Silicon is one of the most unknown materials that’s used in everything from solar to pharmaceuticals
  • Also becoming an increasingly crucial component in the electric vehicle (EV) revolution, gaining fame as another prong in the battle against carbon emissions.

Silicon, found abundantly just beneath the planet’s surface, is the second most abundant element in the Earth’s crust.

Traditionally used in the construction of alloys for welding and brazing, its relatively newfound celebrity arrived in the late 20th century with the rise of silicon-based technologies in the Santa Clara Valley, which gave the region its well-known moniker: Silicon Valley.

Transcending microchips, new uses for silicon have transformed it into an essential component in the move towards renewable energy. Unlike typical metals, silicon is an excellent semiconductor which becomes more conductive as its temperature increases, making it critical in harvesting solar energy.

This INNspired Article is brought to you by:

HPQ Silicon (TSXV:HPQ) is a technology and resource company working towards becoming a vertically integrated producer of high-purity, solar-grade silicon metal.Send me an Investor Kit

“Silicon is one of the most unknown materials that’s used in everything from solar to pharmaceuticals,” HPQ Silicon (TSXV:HPQ) CEO Bernard Tourillon told INN. HPQ holds a portfolio of high-grade quartz properties in Quebec, Canada. Working towards becoming a vertically-integrated company across the quartz-to-solar cell value chain, HPQ has also partnered with PyroGenesis Canada (TSXV:PYR) to create a new carbothermic process to transform quartz into solar grade silicon in one step alone.

Silicon is also becoming an increasingly crucial component in the electric vehicle (EV) revolution, gaining fame as another prong in the battle against carbon emissions. The addition of silicon in the battery’s anode allows for the construction of longer-lasting lithium-silicon batteries. Projections from Persistence Market Research see lithium-silicon batteries remaining dominant through 2024 and beyond.

The reign of renewable energy

Solar power is now the most popular new form of electricity generation today. In a 2017 report, the Renewable Energy Policy Network for the 21st Century tallied the amount of energy generated by newly built power sources in 2016. The report found that more electricity was being generated by newly built solar panels than by any other method, surpassing wind, coal, gas and nuclear power for that year.

One reason for solar’s rise may be its cost. Renewable energy like wind and solar are now cost-competitive almost everywhere and are expected to become even cheaper. Whereas hydro power requires dams and other infrastructure, and biofuels require vast amount of crop residue, solar power and wind are virtually unlimited resources. The rise of wind and solar power has been so astronomical that other clean-energy technologies have only a limited chance of challenging their position for the next decade.

In 2018, BP forecasted a 400 percent growth in global renewable energy use by 2040, with solar power predicted to experience significant growth. Besides being cost-effective, solar power also ranks incredibly high in opinion polls. The Pew Research Center found in 2016 that “89 percent of Americans favor more solar panel farms,” while only nine percent oppose them.

Renewable countries and corporations

Helping to pave the way for a renewable energy future are corporations like Facebook (NASDAQ:FB). The globally-reaching company announced its aim to derive a minimum of 50 percent of its energy consumption from clean energy sources by 2018. Microsoft (NASDAQ:MSFT), in conjunction with Dominion Virginia Power, is also working with state officials to create a 20-megawatt solar project in the state.

In international rankings, the undisputed national leader in renewable capacity growth is China. The nation’s work towards counteracting air pollution due to industrial output has led to China accounting for the over 40 percent of global renewable capacity growth. Today, Chinese companies manufacture approximately 60 percent of all solar cells annually while China accounts for half of all solar photovoltaic power demand globally. The United States places second in the global rankings of solar power production, with Japan, India and Germany close behind.

Silicon in the EV revolution

Research by the Okinawan Institute of Science and Technology found silicon to offer “great advantages over carbon graphite for lithium batteries in terms of capacity,” adding that, although six atoms of carbon are needed to bind a single atom of lithium, a single silicon atom can bind four atoms of lithium simultaneously, essentially “multiplying the battery capacity by more than 10-fold.”

The downside to silicon anodes is that they expire more quickly, but companies like Sila Nanotechnologies are building prototypes which combine silicon and graphite to store as much as 20 to 40 percent more power than contemporary lithium-ion batteries, with BMW aiming to incorporate the technology into their designs by 2023.

Australian tech-firm 1414 Degrees announced in 2017 that they had designed a prototype molten silicon storage device which could easily surpass the Tesla 14KWh Powerwall 2 lithium ion battery’s capabilities. According to the company’s chairman, Kevin Moriarty, the prototype could store roughly 36 times as much energy while being roughly the same size as Tesla’s design.

Silicon in the energy metals market

In March 2018, Fortune reported that the transition from lithium-ion batteries to lithium-silicon could someday increase rechargeable battery life by as much as 30 percent, resulting from silicon anodes’ ability to hold more charge than their graphite counterparts.

Thanks to the EV revolution, the lithium, vanadium and cobalt markets are also greatly benefiting from the shift towards zero-emissions energy. The advantage silicon holds over its competitors, however, is its abundance.

Cobalt, one component of lithium-ion batteries, is seeing an uptick in interest in 2018. Prices rose in the first quarter thanks to an increasing demand from the battery sector, alongside more traditional uses of cobalt in superalloys. However, over fifty percent of the metal is sourced from the conflict-stricken DRC where questionable labor practices and a lack of transparency are commonplace. Coupled with increased mining royalties and an insurgency in the east, unease over cobalt supply abound.

The lithium market faces different concerns, namely potential oversupply, as well as the sector’s history of delays in mine ramp ups and processing problems. Addressing investors’ concerns at the 2018 PDAC convention, Alex Laugharne, a principal consultant at CRU Group, said the lithium market is “moving from a deficit into a sort of fairly balanced situation through 2018 to 2019, and that will keep prices relatively well elevated around where they are at moment.”

Vanadium prices rose in 2017, increasing from $25 per kilogram in the first quarter to $27 per kilogram in the second. Used primarily to produce high-strength steel and chemical catalysts, Vanadium is generating excitement based on its potential capabilities within vanadium redox flow batteries.

When compared to metals like lithium in the green-tech space, silicon is growing enormously. Global production of silicon reached 7.2 million metric tons in 2016, of which China produced 4.6 million metric tons. “The silicon market its already a $6 billion per year market and its growing 10 percent year over year, so it’s already six times the size of the lithium market,” said Tourillon.

Takeaway

Silicon’s abundance, combined with its applications in technologies like solar-panels and microchips, makes it one of the preeminent components of innovation in the 21st century. With the ongoing shift towards green energy driving solar farm and rechargeable battery production, the silicon market seems on-track to continue its tremendous growth.

This INNspired article is sponsored by HPQ Silicon (TSXV:HPQ). This article was written according to INN editorial standards to educate investors.

Source: https://investingnews.com/daily/tech-investing/cleantech-investing/silicons-importance-to-the-solar-power-and-ev-battery-markets/

$AAO.ca Augusta Selling FOX-TEK Canada to Mooncor for Aggregate Purchase Price of up to $21.5 Million $ENB.ca

Posted by AGORACOM at 10:49 AM on Monday, May 28th, 2018

  • Entered into a LOI for sale of FOX-TEK Canada Inc. to Mooncor
  • Aggregate purchase price of up to $21.5-million
  • $9,500,000 of the Purchase Price will be satisfied through the issuance of an aggregate of 47,500,000 post-consolidated common shares in the capital of Mooncor at a price of $0.20 per Consideration Share
    • balance of the Purchase Price, being up to $12,000,000, satisfied through a royalty of 15% on all future sales of FOX-TEK’s products and a 20% royalty on all future sales of FOX-TEK’s services

Augusta Industries Inc. and Mooncor Oil & Gas Corp. have entered into a letter of intent pertaining to the sale of FOX-TEK Canada Inc. by Augusta to Mooncor for an aggregate purchase price of up to $21.5-million.

$9,500,000 of the Purchase Price will be satisfied through the issuance of an aggregate of 47,500,000 post-consolidated common shares (the “Consideration Shares”) in the capital of Mooncor at a price of $0.20 per Consideration Share. The balance of the Purchase Price, being up to $12,000,000, will be satisfied through a royalty of 15% on all future sales of FOX-TEK’s products and a 20% royalty on all future sales of FOX-TEK’s services (collectively, the “Royalty”). The Royalty shall be payable until the earlier of (i) the 10 year anniversary of the closing of the acquisition of FOX-TEK, and (ii) the aggregate payment of $12 million.

Pursuant to the LOI, FOX-TEK and Sensor Technologies Inc. (“Sensor”), a wholly owned subsidiary of Mooncor, will enter into an amalgamation agreement (the “Agreement”) whereby FOX-TEK will amalgamate with Sensor to form a new company (“AmalCo”). Both Augusta and Mooncor will receive shares in AmalCo as a result of the amalgamation. Augusta will transfer its securities in the capital of AmalCo to Mooncor in exchange for the Consideration Shares. As a result of the amalgamation, and the issuance of the Consideration Shares, FOX-TEK will be a wholly owned subsidiary of Mooncor. It is the intention of Augusta to distribute a portion of the Consideration Shares to its shareholders at a later date.

“I am pleased that Augusta has settled on the final form of the transaction,” said Allen Lone, Chief Executive Officer of Augusta. “The letter of intent with Mooncor will result in FOX-TEK becoming a wholly owned subsidiary of Mooncor, a publicly traded company whose securities are listed for trading through the facilities of the TSX Venture Exchange. This will give Augusta’s shareholders an interest in two separate standalone companies while allowing it to focus on its blockchain technology, which has the potential to unlock substantial new opportunities capable of impacting the business of Marcon.”

“Mooncor is excited about the prospect of acquiring FOX-TEK and its products and technology,” said Alan Myers, Chief Financial Officer of Mooncor. “The acquisition of FOX-TEK gives Mooncor a suite of leading edge technology and products in the oil and gas industry which will supplement Mooncor’s current business while adding a new revenue stream.”

The Acquisition

Shareholders of Augusta will be asked to approve the Acquisition at the special meeting of shareholders scheduled for July 12, 2018. The proposal to be presented to shareholders would result in the sale of FOX-TEK to Mooncor.

Mooncor will be calling a special meeting of its shareholders to approve, among other things, the Agreement and the consolidation of its issued and outstanding common shares on a the basis of up to twenty (20) common shares for each existing common share. It is anticipated that Mooncor will file an application with the TSX Venture Exchange to approve the issuance of the Consideration Shares to Augusta pursuant to the Agreement.

No finder’s fee is payable with respect to this transaction.

Related Party Transaction

The transaction between Augusta and Mooncor is a non arm’s length transaction as Allen Lone is a director and officer of both Augusta and Mooncor. Mr. Lone owns, directly and indirectly, 6,920,000 common shares (4.13%) in the capital of Mooncor and 76,754,264 common shares (29.97%) in the capital of Augusta. As such it is a related party transaction subject to Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Pursuant to MI 61-101, Augusta and Mooncor may be required to obtain disinterested shareholder approval and a valuation of FOX-TEK.

Augusta and Mooncor will be providing shareholders with additional updates.

About Augusta

Through its wholly owned subsidiaries, Marcon International Inc. (“Marcon”), FOX-TEK and Paragon Blockchain Inc. (“Paragon”), Augusta provides a variety of services and products to a number of clients.

Marcon is an industrial supply contractor servicing the energy sector and a number of US Government entities. Marcon’s principal business is the sale and distribution of industrial parts and equipment (Electrical, mechanical and Instrumentation.) In addition to departments and agencies of the U.S. Government, Marcon’s major clients include Saudi Arabia-Sabic Services (Refining and Petrochemical), Bahrain National Gas Co, Bahrain Petroleum, Qatar Petroleum, Qatar Gas, Qatar Petrochemical, Gulf of Suez Petroleum, Agiba Petroleum and Burullus Gas Co.

Fox Tek develops non-intrusive asset health monitoring sensor systems for the oil and gas market to help operators track the thinning of pipelines and refinery vessels due to corrosion/erosion, strain due to bending/buckling and process pressure and temperature. The Corporation’s FT fiber optic sensor and corrosion monitoring systems allow cost-effective, 24/7 remote monitoring capabilities to improve scheduled maintenance operations, avoid unnecessary shutdowns, and prevent accidents and leaks.

Blockchain technology has the potential to unlock substantial new opportunities capable of impacting the business of Marcon. Specifically, Marcon seeks to create an eco-system in the supply chain management of clients to change the dynamics of the scoping and bidding process by providing vendors and subcontractors with A.I. data mining tools to proactively drive the process. Blockchain technology is of critical importance to FOX-TEK as well particularly the expansion of its’ non-intrusive technology in the oil & gas industry, whose clients include many of the biggest companies in the world.