Agoracom Blog Home
Archive for the ‘All Recent Posts’ Category
INTERVIEW: St-Georges $SX.ca $SX $SXOOF Shareholder Q & A – Sunday January 21, 2018
Posted by
at 7:53 PM on Sunday, January 21st, 2018
Canadian Arrow Mines Limited $CRO.ca Shareholders Approve Plan of Arrangement with Tartisan Resources Corp. $TTC.ca $LPK.ca $GOLD.ca $ORO.ca $LRA.ca
Posted by
at 12:25 PM on Friday, January 19th, 2018
- Canadian Arrow Mines Limited Shareholders Approve Plan of Arrangement with Tartisan Resources Corp
- Pursuant to the terms of the Agreement, Tartisan will issue to Canadian Arrow shareholders one common share of Tartisan for every 17.5 common shares of Canadian Arrow, resulting in the issuance of approximately 8,000,000 common shares of Tartisan
Toronto, Ontario – Tartisan Resources Corp. (CSE: TTC, FSE:8TA) – (“Tartisan”) announces that the shareholders of Canadian Arrow Mines Limited have voted in favour of a court-approved plan of arrangement (the “Arrangement”) in accordance with the Business Corporations Act (Ontario) with Tartisan Resources Corp. A definitive arrangement agreement (the “Agreement”) was announced on October 20, 2017 whereby Tartisan would acquire all of the issued and outstanding common shares of Canadian Arrow upon receiving the requisite approval of not less than 66 2/3% of Canadian Arrow shareholders and 50% of Canadian Arrow disinterested shareholders. Such approvals were obtained at the annual and special meeting of shareholders of Canadian Arrow (“Meetingâ€) on January 19, 2018.
Pursuant to the terms of the Agreement, Tartisan will issue to Canadian Arrow shareholders one common share of Tartisan for every 17.5 common shares of Canadian Arrow, resulting in the issuance of approximately 8,000,000 common shares of Tartisan. Additionally, Tartisan has set aside 4,500,000 common shares of Tartisan to settle Canadian Arrow debt pursuant to debt conversion agreements with various Canadian Arrow creditors. In addition, Canadian Arrow granted a 1% Net Smelter Return Royalty relating to its Kenbridge project as part of the debt settlement as it related to a previous loan.
Dean MacEachern, Chief Executive Officer of Canadian Arrow stated “the completion of this transaction will provide Canadian Arrow shareholders with liquidity, sustaining capital and an opportunity to participate in the potential upside of Tartisan. We look forward advancing the Kenbridge project as well as participating in other business developments as part of Tartisan.â€
Completion of the Arrangement is subject to approval of the Ontario Superior Court of Justice (Commercial List) (the “Court”).
Additionally, all other matters that were put before shareholders at the Meeting were approved.
Canadian Arrow’s application to the Court to obtain the final order approving the Arrangement is scheduled for January 25, 2018. Assuming Court approval is obtained and that the other conditions of the Arrangement are satisfied or waived, the Arrangement is expected to become effective on or about January 25, 2018, following which time the common shares of Canadian Arrow will be delisted from the TSX Venture Exchange.
Results of voting on resolutions presented to shareholders at the Meeting were as follows:
None of the securities to be issued pursuant to the Arrangement Agreement have been or will be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and any securities issued in the Arrangement are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
For more information on the matters voted on at the Meeting and for details of the Arrangement, please see Canadian Arrow’s management information circular dated December 15, 2017, which has been filed on Canadian Arrow’s profile on SEDAR at www.sedar.com.
About Tartisan Resources Corp.
Tartisan Resources Corp. is a Canadian mineral exploration and development company focused on project generation of precious and base metal properties. Tartisan owns a 100% stake in the Don Pancho Zinc-Lead-Silver Project just 9 km from Trevali’s Santander Mine and owns a 100% stake in the Ichuna Copper-Silver Project contiguous to Buenaventura’s San Gabriel Property. Tartisan Resources portfolio also includes an equity stake (6 million shares and 3 million warrants @ 40 cents) in Eloro Resources Ltd. (TSX.V:ELO). Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange and is a Member of the CSE Composite Index (CSE:TTC). There are currently 79,092,443 shares outstanding (93,045,827 fully diluted).
About Canadian Arrow Mines Limited
Canadian Arrow is an experienced exploration and mine operating team that is focussed on acquiring and developing economically viable nickel sulphide deposits near existing infrastructure. Canadian Arrow operates in north-western Ontario, near the towns of Kenora and Dryden. The company’s main asset is the Kenbridge Nickel Project, a nickel-copper sulphide deposit containing over 98 million lbs of nickel in Measured & Indicated Resources. The deposit is equipped with a 620m shaft and has never been mined.
For further information, please contact Mr. Dean MacEachern, CEO and a Director of the company, at Mr. Dean MacEachern, CEO at (705) 673-8259 ([email protected] ). Additional information about Canadian Arrow can be found at the company’s website at www.canadianarrowmines.com or on SEDAR at www.sedar.com.
Forward Looking Information
Certain information contained in this news release constitutes forward looking information. All information other than information of historical fact is forward looking information. The use of any of the words “intend”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “would”, “believe”, “predict” and “potential” and similar expressions are intended to identify forward looking information. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward looking information. No assurance can be given that this information will prove to be correct and such forward looking information included in this news release should not be unduly relied upon.
The forward looking information provided in this news release is based upon a number of material factors and assumptions including, without limitation: (a) that the Arrangement will be completed in the timelines and on the terms currently anticipated; (b) that all necessary CSE, TSXV, court and regulatory approvals will be obtained on the timelines and in the manner currently anticipated; (c) that all necessary Shareholder approvals will be obtained; and (d) general assumptions respecting the business and operations of both Canadian Arrow and Tartisan, including that each business will continue to operate in a manner consistent with past practice and pursuant to certain industry and market conditions.
Readers are cautioned that the foregoing list of risks, uncertainties and assumptions are not exhaustive.
The forward looking information included in this news release is expressly qualified by this cautionary statement and is made as of the date of this news release. Neither Canadian Arrow nor Tartisan undertake any obligation to publicly update or revise any forward looking information except as required by applicable securities laws.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Tartisan01192018.pdf
Source: Tartisan Resources Corp. (CSE:TTC)
To follow Tartisan Resources Corp. on your favorite social media platform or financial websites, please click on the icons below.
REPORT: New Age Metals Inc. $NAM.ca $PAWEF – Updating Resource Estimate at Canada’s Largest Undeveloped #PGM Deposit #Platinum #Palladium $WG.ca $XTM.ca $WM.ca
Posted by
at 8:12 AM on Friday, January 19th, 2018
(TSXV: NAM / OTCQB: PAWEF / FSE: P7J)
- River Valley Project is Canada’s largest primary undeveloped PGM deposit with Measured + Indicated resources of 91 million tonnes @ 0.58 g/t Palladium, 0.22 g/t Platinum, 0.04 g/t Gold, with a total metal grade of 1.28 g/t at a cut-off grade of 0.8 g/t PdEq for 2,463,000 ounces PGM plus Gold.
- Equates to 3,942,910 PdEq ounces.
- Northern portion of the project (Dana North), not including the new high-grade Pine Zone, there is 24 million tonnes @ 1.58 PdEq.
- River Valley PGM-Copper-Nickel Sulphide mineralized zones remains open to expansion
- The company has recently completed a drill program on the Pine and T3 Zone
Click image below to read entire report.
BMO $BMO.ca marks first foray by a major Canadian bank in #marijuana sector with $175M deal $TBP.ca $N.ca $MCOA $AERO $CBDS $CGRW $APH.ca $GBLX
Posted by
at 2:42 PM on Thursday, January 18th, 2018
- Bank of Montreal broke new ground Wednesday for the “Big Five†Canadian lenders with its participation in a major marijuana deal
- Canopy Growth Corp., Canada’s largest licensed producer of medical cannabis, announced an approximately $175-million bought-deal offering Wednesday
Smiths Falls, Ont.-based Canopy Growth Corp., Canada’s largest licensed producer of medical cannabis, announced an approximately $175-million bought-deal offering Wednesday of a little more than five million shares of the company.
Canopy noted in a release that GMP Securities LP and Bank of Montreal-owned BMO Capital Markets were leading the transaction for the company as joint bookrunners, marking the first time a major Canadian bank has helped head an equity financing for a publicly traded company in the medical marijuana industry.
“This is the first time a major Canadian bank-owned brokerage has participated in a cannabis securities issue,†wrote Chris Damas, editor of the BCMI Cannabis Report.
A spokesperson for Canopy confirmed that the transaction marked the first such foray by a Big Five Canadian bank.
- New junior marijuana ETF offers investors rare exposure to U.S. businesses
- Growing legal marijuana — whether indoors or outdoors — is bad for the environment
“Although this does not guarantee participation in the cannabis sector by all six of the largest Canadian Schedule 1 banks (BMO had already been a banker for cannabis companies), it is very positive for the sector, all things being equal,†Damas added.
Other major Canadian banks have yet to dive into the country’s growing cannabis sector in the same way BMO has, and are likely hesitant to do so given their significant business in the United States, where marijuana is still illegal under federal law. But some banks, including BMO, have provided business accounts for cannabis companies, according to Bloomberg.
That stance may now be starting to soften amid a fundraising spree in the Canadian marijuana industry, which had been taking place without the country’s biggest banks. Companies involved in the already legal medical pot business have been seeking funding to serve the coming recreational market set to be legalized by the federal government this summer.
Royal Bank of Canada told the Financial Post in a statement last week that it “currently does not provide banking services to companies engaged in the production and distribution of marijuana.â€
“We recognize that the legislative landscape is evolving and we are undergoing a review of our policies,†added the lender.
A spokesperson for Bank of Nova Scotia told the Post on Friday that “we must balance that with our commitment to effectively manage all business risks.â€
“While we understand there is a robust debate in Canada and abroad, our priority is to manage risk for our customers and stakeholders to ensure they are protected,†said Scotiabank’s Rick Roth in an email. “Should there be significant change to industry legislation or regulation, we will revisit our risk assessment and make risk policy adjustments if warranted.â€
Toronto-Dominion Bank and the Canadian Imperial Bank of Commerce either declined to comment or had yet to respond as of Thursday morning.
Canopy said its agreement with the underwriters includes an over-allotment option for them, allowing for the purchase of up to 759,000 additional shares at the offering price of $34.60 per share, worth nearly $26.3 million. The company said that the deal is expected to close on Feb. 7, subject to some conditions, and that the net proceeds will be used “for capital expenditures for capacity expansion, working capital, and general corporate requirements.â€
Source: http://business.financialpost.com/investing/bank-of-montreal-marks-first-for-major-canadian-lenders-with-175m-marijuana-deal
Monarques Gold $MQR.ca Produces 5,444 Ounces of #Gold and Generates $10.3 Million in Revenue in Q2 2018 $MUX.ca $SII.ca
Posted by
at 9:30 AM on Thursday, January 18th, 2018
- Ounces produced at Beaufor up 62% from the prior quarter
- Monarques produced 5,444 ounces of gold in Q2 2018, a 62% increase over the 3,380 ounces produced in the prior quarter by the previous owner, and a 16% increase over the quarterly average of 4,715 ounces produced during the prior nine-month period.
- The Corporation recorded revenue of $10.3 million in the second quarter based on an average gold price of $1,612 per ounce (US $1,268) and 5,444 ounces sold combined with toll milling activities.
MONTREAL, Jan. 18, 2018 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX.V:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) is pleased to report its production results and highlights for the second quarter ended December 31, 2017 (“Q2 2018”). All amounts are in Canadian dollars unless otherwise indicated.
Q2 2018 Production Highlights
- Monarques produced 5,444 ounces of gold in Q2 2018, a 62% increase over the 3,380 ounces produced in the prior quarter by the previous owner, and a 16% increase over the quarterly average of 4,715 ounces produced during the prior nine-month period.
- The Corporation recorded revenue of $10.3 million in the second quarter based on an average gold price of $1,612 per ounce (US $1,268) and 5,444 ounces sold combined with toll milling activities.
- The Corporation reported strong results from its drilling program at the Beaufor mine, including 61.48 g/t Au over 3.9 metres (see press release dated January 11, 2018), which confirms the strong exploration potential in the area east of Zone Q.
“We exceeded our target for the quarter by producing more gold than anticipated,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “Our toll milling activities were also strong. With the addition of Eldorado Gold (TSX:ELD; NYSE:EGO) and Nottaway Resources, the Camflo mill operated at 72% capacity during the last quarter, and based on the contracts signed for 2018 with Nottaway and Wallbridge Mining, among others, we expect to continue to increase mill productivity in the next quarter. Â On the exploration side, our recent drilling program at Beaufor was a success, and we plan to continue drilling to increase the mine’s gold resource.”
Q2 2018 Corporate Highlights
- On October 2, 2017, Monarques completed the acquisition of Richmont Mines’ Quebec assets, combined with a $6.5 million financing and a US $4.0 million credit facility (see press release).
- On October 26, 2017, Monarques announced the results of an updated NI 43-101 Mineral Resource Estimate on its wholly-owned Wasamac gold project, which established a Measured and Indicated resource of 2,587,900 ounces and an Inferred resource of 293,900 ounces of gold (see press release).
- On December 14, 2017, Monarques reported strong results from its drilling program at the Croinor Gold deposit, including 7.84 g/t Au over 9.0 metres (29.5 feet) (see press release). These new results are additional evidence that the geological model provides predictability and that the Croinor Gold deposit remains open along strike and at depth.
- On December 21, 2017, Monarques announced the acquisition of the McKenzie Break and Swanson gold properties from Agnico Eagle Mines Limited (NYSE:AEM; TSX:AEM) (see press release). This transaction allowed the Corporation to consolidate its land position in the Abitibi region by adding two high-quality gold projects to its portfolio, which, along with Wasamac and Croinor Gold, brings the total of Monarques’ advanced projects to four.
- With the closing of the recent flow-through financings and the exercise of stock options and warrants in the month of December, the Corporation had over $17 million in cash as of December 31, 2017.
Next Steps
- Monarques’ goal for the coming quarters is to increase the throughput of the Camflo mill with ore from the Beaufor mine and toll milling activities while reducing its production costs. The priorities at the Beaufor mine are to steadily improve productivity and increase grade through more selective mining.
- The Corporation will also assess the possibility of restarting the Beacon mill in the second half of the year, as it foresees increased demand for toll milling services.
- Finally, Monarques will continue exploring the Beaufor and Croinor Gold properties and will initiate new programs and/or technical studies to advance the Wasamac, McKenzie Break and Swanson gold projects.
“2018 will be another milestone year for Monarques, as we will pursue our growth strategy with the goals of improving our financial performance, increasing our gold resources and continuously enhancing the value of Monarques for our shareholders,” concluded M. Lacoste.
The technical and scientific content of this press release has been reviewed and approved by Marc-André Lavergne, Eng., the Corporation’s qualified person under National Instrument 43‑101.
ABOUT MONARQUES GOLD CORPORATION
Monarques Gold Corp (TSX.V:MQR) is an emerging gold producer focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Beaufor Mine, the Croinor Gold (see video), Wasamac, McKenzie Break and Swanson advanced projects, and the Camflo and Beacon mills, as well as six promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill. Monarques enjoys a strong financial position and has more than 150 skilled employees who oversee its operating, development and exploration activities.
Forward-Looking Statements
The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarques’ actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Namaste $N.ca Announces 5% Equity Purchase LOI with Cannbit Ltd. $AERO $CBDS $CGRW $APH.ca $GBLX
Posted by
at 8:09 AM on Thursday, January 18th, 2018
- Company has signed a non-binding Letter of Intent with Israeli medical cannabis producer, Cannbit Ltd
- Namaste would acquire an equity position of 5% in Cannbit through an investment to be made in a proportion to be determined and agreed by both parties
VANCOUVER, British Columbia, Jan. 18, 2018 – Namaste Technologies Inc. (“Namaste†or the “Companyâ€) (CSE:N), (FRANKFURT:M5BQ), (OTCMKTS:NXTTF) is pleased to announce that the Company has signed a non-binding Letter of Intent (“LOIâ€) with Israeli medical cannabis producer, Cannbit Ltd (“Cannbit)†whereby the companies propose to enter into a share purchase agreement and/or a subscription agreement (the “Agreementâ€) whereby Namaste would acquire an equity position of 5% in Cannbit through an investment to be made in a proportion to be determined and agreed by both parties. Cannbit will also offer Namaste a first right of refusal to purchase an additional 5% equity in shares at the same valuation.
Further to the Company’s September 15th, 2017 announcement of signing a Wholesale Supply Agreement (“Supply Agreementâ€) with Cannbit, Namaste intends to purchase high-quality medical grade cannabis from Cannbit through the Company’s wholly owned subsidiary, Cannmart Inc. (“Cannmartâ€). The Company is pleased to have the opportunity to participate in an equity position with Cannbit and in developing a long-term relationship that will be mutually beneficial to both parties. Cannmart is a late stage applicant for an Access to Cannabis for Medical Purposes Regulations (“ACMPRâ€) medical cannabis “sale-only†license. Through Cannmart, Namaste plans to offer the largest variety of medical cannabis products to its patients through the sourcing of both domestic and internationally imported products. Namaste hopes to leverage its vast expertise with e-commerce, conversion rate optimization and enterprise technology to create Canada’s leading online marketplace for medical cannabis.
Terms of the LOI:
- Namaste will make an investment in Cannbit in exchange for 5% equity, whereby the amount will be determined by a valuation agreed to by both parties.
- Namaste will have a first right of refusal to purchase an additional 5% equity position in Cannbit, at the same valuation as originally agreed upon, for a period of one year from the date of execution of the proposed agreement.
- Closing of the proposed agreement will be contingent upon negotiating and execution of definitive documentation and approval of the terms of the agreement by each party’s respective board of directors and shareholders, if applicable, and by the Canadian Securities Exchange, if applicable.
Namaste’s strategic investment in Cannbit, as well as other domestic and international licensed producers of medical cannabis, will bring value to the company in securing strong partnerships with leading cannabis cultivators to ensure ample supply of the largest variety of high-quality medical cannabis in the Canadian market. Namaste plans to seek additional opportunities by implementing Cannmart’s business model in other regions where the Company maintains significant market share.
Sean Dollinger, President and CEO of Namaste comments: “We’re very much looking forward to working with Cannbit and their team to import exceptionally high-quality medical cannabis into the Canadian market. Namaste expects to see strong value in this investment, as well as through the supply arrangement with Cannbit. We will continue to seek relationships with leading cultivators domestically and abroad. We are highly focused on creating a superior user experience and better availability of products for our patients, and believe this transaction will help us achieve that goal. Thank you to Cannbit’s management team for working hard to secure this LOI and Supply Agreement. We look forward to many years of business together and are excited at the opportunity to give Canadians access to the Israeli cannabis market.â€
Yaron Razon, President and CEO of Cannbit Comments “We are very excited to have this partnership and strategic cooperation with Namaste. We believe Namaste is well-positioned with an impressive global marketing and distribution platform and led by a brilliant management team. Together with Namaste, Cannbit will reach many patients across the world with premium medical grade cannabis to help treat their health conditions. We anticipate exploring new opportunities with Namaste and are looking forward to working together soon.”
About Cannbit Ltd.
Cannbit is focused on growing high-quality medical-grade cannabis with advanced technology and agriculture platform while utilizing the best human resources to produce the highest level of quality available that will effectively treat a wide range of illnesses. The Israeli government is expected to approve the export of medical cannabis and Cannbit intends to become Israel’s leading exporter for medical cannabis to legal jurisdictions around the globe. Cannbit’s facility is 4,000 square meters with an additional 10,000 square meters available for expansion and is located in Neot Hakikar, an area well known in the Israeli agricultural community with clear advantages in the cold seasons. Our cultivation is carried out in a sophisticated greenhouse that provides ideal conditions for a variety of cannabis strains. Cannbit’s management is comprised of a group of industry professionals in relevant disciplines.
About Namaste Technologies Inc.
Namaste is the largest online retailer for medical cannabis delivery systems globally. Namaste distributes vaporizers and smoking accessories through e-commerce sites in 26 countries and with 5 distribution hubs located around the world. Namaste has majority market share in Europe and Australia, with operations in the UK, Canada and Germany and has opened new supply channels into emerging markets including Brazil, Mexico and Chile. Namaste, through its acquisition of Cannmart Inc., a Canadian based late-stage applicant for a medical cannabis distribution license (under the ACMPR Program) is pursuing a new revenue vertical in online retail of medical cannabis in the Canadian market. Namaste intends to leverage its existing database of Canadian medical cannabis consumers, along with its expertise in e-commerce to create an online marketplace for medical cannabis patients, offering a larger variety of product and a better user experience.
Forward Looking Information
This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law.
Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com.
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The CSE has neither reviewed nor approved the contents of this press release.
On behalf of the Board of Directors
“Sean Dollingerâ€
Chief Executive Officer
Direct: +1 (786) 389 9771
Email: [email protected]
Further information on Namaste and its products can be accessed through the links below:
www.namastetechnologies.com
www.namastevaporizers.co.uk
www.everyonedoesit.co.uk
www.australianvaporizers.com.au
Namaste $N.ca $NXTTF Reaffirms Position on No US Exposure and Provides Corporate Response to Recision of Cole Memo and CSA Statement $ATT.ca $ABCN.ca $ACG.ca $ACB $WEED.ca $HIP.ca
Posted by
at 8:36 AM on Wednesday, January 17th, 2018
- Reaffirms its commitment to operations exclusively within medical or recreational cannabis legal jurisdictions
- Company would like to express very clearly that it does not hold any US assets nor does it intend on participating in any US operations or investments
VANCOUVER, British Columbia, Jan. 17, 2018 – Namaste Technologies Inc. (“Namaste†or the “Companyâ€) (CSE:N), (FRANKFURT:M5BQ), (OTCMKTS:NXTTF) would like to reaffirm its commitment to operations exclusively within medical or recreational cannabis legal jurisdictions. Further to the Company’s Nov 28, 2017 press release, and in lieu of the recent rescission of the Cole Memorandum by US Attorney General Jeff Sessions, Namaste’s position on staying out of the US cannabis market remains firm. The Company would like to express very clearly that it does not hold any US assets nor does it intend on participating in any US operations or investments. Namaste is highly focused on the expansion of its Canadian operations through the launch of its online medical cannabis marketplace. Management will have no involvement in operations or investments in any illegal jurisdictions which present any risk to the Company and/or its shareholders.
On January 12, 2018, the Canadian Securities Administrators (“CSAâ€) issued a statement following the rescission, whereby the CSA gave notice that it would re-examine its disclosure-based policy in relation to Canadian cannabis companies with any US operations or investments. Namaste believes that the CSA’s statement is in-line with the Company’s position and short-term outlook on the cannabis market in the United States.
Namaste will continue to focus on expansion of its international operations in progressive, legal markets by leveraging its technology and existing databases of cannabis consumers in countries around the world. Namaste, through its wholly owned subsidiary, Cannmart Inc. (“Cannmartâ€) is developing an online marketplace for medical cannabis that will offer patients the largest variety of product sourced from domestic and international producers. The launch of Cannmart is significant to Namaste, as the Company intends to follow the same strategy in other legal markets where it has established a strong presence.
Management Commentary
Sean Dollinger, President and CEO of Namaste comments: “We’re very pleased to have divested our US assets and operations. Namaste will continue focusing its efforts on progressive, legal markets like Canada and emerging legal cannabis markets like Australia and will remain uninvolved with any US cannabis operations until there are major changes to US federal laws.â€
About Namaste Technologies Inc.
Namaste is the largest online retailer for medical cannabis delivery systems globally. Namaste distributes vaporizers and smoking accessories through e-commerce sites in 26 countries and with 5 distribution hubs located around the world. Namaste has majority market share in Europe and Australia, with operations in the UK, US, Canada and Germany and has opened new supply channels into emerging markets including Brazil, Mexico and Chile. Namaste, through its acquisition of Cannmart Inc., a Canadian based late-stage applicant for a medical cannabis distribution license (under the ACMPR Program) is pursuing a new revenue vertical in online retail of medical cannabis in the Canadian market. Namaste intends to leverage its existing database of Canadian medical cannabis consumers, along with its expertise in e-commerce to create an online marketplace for medical cannabis patients, offering a larger variety of product and a better user experience.
Forward Looking Information
This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law.
Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com.
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The CSE has neither reviewed nor approved the contents of this press release.
On behalf of the Board of Directors
“Sean Dollingerâ€
Chief Executive Officer
Direct: +1 (786) 389 9771
Email: [email protected]
Further information on the Company and its products can be accessed through the links below:
www.namastetechnologies.com
www.namastevaporizers.co.uk
www.everyonedoesit.co.uk
www.australianvaporizers.com.au
INTERVIEW: HPQ Silicon Resources $HPQ.ca Discusses Significant Gen 2 PURVAP Milestones / Achieving Significantly Higher Production Yield $FSLR $SPWR $CSIQ $NEP $PYR.ca
Posted by
at 12:59 PM on Tuesday, January 16th, 2018
betterU Education Corporation $BTRU.ca Provides Update on $100 Million Investment $ARCL $BPI $FC.ca
Posted by
at 12:03 PM on Tuesday, January 16th, 2018
- Provides an update to the milestones previously announced by the Corporation on December 15th 2017 in regards to the closing of the US$100 million equity investment at US$3.00 / share
- Fund to be set-up in the Cayman Islands by January 15th, 2018 is in progress to being completed
OTTAWA, Jan. 16, 2018 — betterU Education Corp. (TSX-V:BTRU) (FRANKFURT:5OGA), (the “Corporation†or “betterUâ€), would like to provide an update to the milestones previously announced by the Corporation on December 15th 2017 in regards to the closing of the US$100 million equity investment at US$3.00 / share from an overseas private investment fund.
The Fund to be set-up in the Cayman Islands by January 15th, 2018 is in progress to being completed. betterU management received confirmation and further details from the investment group on January 3rd and again on January 9th 2018 that they are advancing with all milestones and will provide the Corporation with verification of account details and validation of Fund capacity upon completion. The Corporation is expecting completion of the process within the next couple of weeks. Remaining actively involved with the investment group, betterU remains confident that the completion of all agreements and receipt of the funds will still be on or before March 15th, 2018.
About betterU
betterU, a global education marketplace, aims to provide access to quality education from around the world to foster growth and opportunity to those who want to better their lives. The company plans to bridge the prevailing gap in the education and job industry and enhance the lives of its prospective learners by developing an integrated education-to-employment ecosystem. betterU’s offerings can be categorized into several broad functions: to compliment school programs with flexible KG-12 programs preparing children for next stage of education, to provide access to global educational opportunities from leading educators, to foster an exceptional educational environment by providing befitting skills that lead to a better career, to bridge the gap between one’s existing education and prospective job requirement by training them and lastly, to connect the end user to various job opportunities.
www.betterU.ca and www.betterU.in
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release may contain forward-looking statements and information, which may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with betterU’s growth, the state of the financial markets, regulatory risks and other factors. There can be no assurance or guarantees that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, betterU disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise. Readers should not place undue reliance on any statements of forward-looking information that speak only as of the date of this release. Further information on betterU’s public filings, including their most recent audited consolidated financial statements, are available at www.sedar.com.
For further information, please visit http://www.betteru.ca/investor-overview/
Investor contact:
Investor Relations
1-613-695-4100 Ext. 233
Email: [email protected]
Namaste Technologies $N.ca $NXTTF CEO Live On #CheddarTV @ 3.30PM ET $AERO $CBDS $CGRW $APH.ca $GBLX
Posted by
at 11:49 AM on Tuesday, January 16th, 2018
Cheddar TVÂ Segment
With CEO Sean Dollinger
Join CEO Sean Dollinger live on Cheddar TV to discuss Namaste Technologies while he makes an IMPORTANT INDUSTRY ANNOUNCEMENT. Today’s topics of discussion will also include:
- NamasteMDÂ – The first telemedicine portal
- Namaste becoming the Amazon of the cannabis space A.K.A. NAMAZON
- The first creation of a marketplace for Cannabis from all around the World
- What makes Namaste Technologies different from other Licensed Producers