Posted by AGORACOM
at 10:30 AM on Wednesday, December 30th, 2020
ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK) (OTCQB:IDKFF), a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, is pleased to announce a US$450,000 investment in Wuhan General Group (China) Inc. (OTC PINK:WUHN) (“Wuhan”), a bioceutical company focused on alternative plant-based cannabinoids and psilocybin medical research.
The Company will acquire 1,500,000 units (the “Units”) at a price of US$0.30 per Unit. Each Unit will consist of one (1) common share of Wuhan (a “Common Share”) and one Common Share purchase warrant (a “Warrant”) exercisable at US$0.30 per Warrant. The Warrants will expire three (3) years from the date of issuance. The closing date for the private placement will be at the latest on January 31, 2021.
Sheldon Inwentash, Chairman and CEO of ThreeD Capital stated, “The investment thesis of ThreeD Capital is that psychedelics are going to experience a paradigm shifting and parabolic growth stage over this decade, leading to a critical role in the treatment of anxiety, depression, addiction and other mental health issues that traditional pharmaceuticals have not been able to adequately solve. Though we have made other smaller investments in the space, our investment in Wuhan General Group (China) represents our largest investment to date in a psychedelics company. We are investing in Wuhan General Group (China) because of the deep expertise and scientific knowledge this company has in psychedelics.”
Wuhan General Group (China) Inc., through its wholly-owned subsidiary MJ MedTech is a nutraceutical biotechnology company focused on alternative plant-based cannabinoids and psilocybin medical research that develops and commercializes a range of CBD and mushrooms-based products under Dr. AnnaRx™, Medspresso™ and Handcrafted Delights™ brands. In addition, our research and clinical trials with psilocybin are aimed at new therapies that will help patients who suffer from alcohol addiction, mental illness and cardiovascular diseases. Our mission is to advance botanical-based medicine to the forefront by deploying best-practice science and medicine, clinical research and emerging technologies. The Company is traded on the Over-the-Counter Bulletin Board of NASDAQ under the trading symbol “WUHN”.
About ThreeD Capital Inc.
ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors. ThreeD’s investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company’s ecosystem.
Posted by AGORACOM
at 8:58 AM on Wednesday, December 30th, 2020
KWESST Micro Systems Inc. (TSXV: KWE) (“KWESST” or “the Company”) announced today that the U.S. Patent and Trademark Office (“USPTO”) has issued a Notice of Allowance for a second patent covering KWESST’s “Phantom” electronic decoy system.
KWESST previously announced on October 5th, 2020 the allowance of a first patent covering fifteen claims for a programmable multi-waveform radiofrequency generator capable of broadcasting and emulating all relevant military waveforms to create electronic battlefield decoys that deceive adversaries regarding the location of NATO friendly forces.
The second patent allowance announced today covers eleven additional claims for a programmable multi-waveform radio frequency generator plus associated tactics, techniques and procedures (“TTPs”) for deploying the PhantomTM system.
“This second patent allowance with its set of additional claims substantially enlarges the intellectual property portfolio of the PhantomTM electronic decoy technology,” said Jeff MacLeod, Founder, President and CEO of KWESST.
PhantomTM is the electronic decoy KWESST is bringing to market in 2021 in response to specific military interest in a next-generation system that is ultra-miniaturized for expedient deployment in theaters of operation by ground personnel or on Unmanned Aerial Vehicles (“UAVs”). Phantom mimics all relevant NATO military electronic signal emissions in order to deceive adversaries attempting to locate them based on those waveforms.
Requirements for such a “phantom” capability are now appearing in NATO solicitations for future land Electronic Warfare (EW) systems, driven by contemporary experience in contested areas where forces have been located and destroyed at scale. One publicly reported example is the 2016 incident where two full Ukrainian mechanized battalions were annihilated by Russian adversaries in three minutes with precision mass fire after locating them based on their electronic signal emissions.
The Company commented that it believes the addressable market for the PhantomTM electronic decoy could be $500 million CAD in the U.S. alone, and potentially the same again for other NATO countries and their allies.
About KWESST
KWESST develops and commercializes high-value ultra-miniaturized technology applications that make a critical difference to the safety and operational effectiveness of personnel in the defence and security industries. The company’s current portfolio of unique proprietary offerings include: its signature TASCS (Tactical Awareness Situational Control System) for real-time awareness and targeting information from any source (including drones) streamed directly to users’ smart devices and weapons; the autonomous GreyGhostTM soldier-portable micro drone missile system that defends against small hostile drones including swarms using high-speed kinetic impact; a Ground Laser Defence system to counter the emerging threat of weaponized lasers against personnel; and, the PhantomTM electronic battlefield decoy system to mask the electromagnetic signature of friendly forces with decoy signatures at false locations to deceive and confuse adversaries. All systems can operate stand-alone or integrate seamlessly with OEM products and battlefield management systems including Frontline, Edge, Killswitch and ATAK (Android Tactical Assault Kit) among others. KWESST also has developmental “smart ordnance” projects including its “Shot Counter” system, which records the number and type of rounds fired, for optimized firearms maintenance and performance. The Company is headquartered in Ottawa, Canada, with representative offices in Washington, DC, London, UK and Abu Dhabi, UAE. KWESST trades on the TSX Venture Exchange under the symbol KWE.
Posted by AGORACOM
at 8:54 AM on Wednesday, December 30th, 2020
Toronto, Ontario–(Newsfile Corp. – December 30, 2020) – Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTC: TRUFF) (“Red Light Holland” or the “Company“), is pleased to announce it has entered into a non-binding letter of intent to acquire 100% of Mera Life Sciences LLC (“Mera“), a company focused on developing a modern medicinal industry in St Vincent and the Grenadines, with their issued Psychedelic Licenses, which includes the following plants and compounds (the “Compounds”): (i) Mushrooms/Truffles – Psilocybin; (ii) Ketamine; (iii) Ayahuasca; (iv) 3,4-Methylenedioxymethamphetamine (MDMA); (v) 5-methoxy-N,N-dimethyltryptamine (5-MEO-DMT); (vi) Dimethyltryptamine (DMT); (vii) Sassafras; (viii) Ibogaine; (ix) Peyote (x) Papaya; (xi) Aloe Vera; (xii) Arrowroot; (xiii) Soursop; (xiv) Ginger; (xv) Moringa; and (xvi) Coconut Oil.
“The acquisition of Mera and its coveted licenses would allow Red Light Holland to perform high quality psychedelic product research and development, cultivate, extract and process, and export not just Psilocybin, but with compounds such as Ayahuasca, MDMA, DMT, Peyote, Ketamine and many other natural based plants as well. We are The People’s Company and we want to work closely with countries wishing to develop plant and fungus-based remedies – including treatment clinics, and we now understand that St. Vincent and the Grenadines shares our vision.” said Todd Shapiro, CEO and Director of Red Light Holland.
As well, the terms of the agreement will permit Red Light Holland to collaborate with Vincentian entities to import any of the above Compounds.
“The opportunity to explore the inner molecular worlds of multiple plant species, including a variety of psychedelics, is an exciting one. This could put Red Light Holland in the position to discover novel clinical applications for a variety of natural psychedelics. By utilizing a lab built for this purpose on the (main) island, along with cutting edge artificial intelligence, something I’m very familiar with, Red Light Holland would be approaching the frontier of natural plant based drug discovery,” said Dr. Joseph Geraci, Scientific Advisor of Red Light Holland and CEO of NetraMark Corp.
“Red Light Holland is focused on establishing itself as a multi country operator with natural plants and natural fungi, from growing to distribution of legal sales to potential clinics. We look forward to the careful due diligence process and hopefully adding Mera and their ground-breaking licenses in SVG, which would instantly strengthen our Scientific and Innovation Division, Scarlette Lillie by expanding our vision for research and development and for providing access to natural psychedelics on all fronts,” added Shapiro.
“The emerging modern plant-based medicinal research industry in the Caribbean is the future, and St. Vincent and the Grenadines is leading on this path” The island’s Minister of Agriculture, Hon. Saboto Caesar pointed out. “St. Vincent and the Grenadines has been able to attract experts interested in exploring the medicinal value of indigenous plants, cannabis and other plants that may thrive in tropical conditions and possess medicinal properties.” re-expressed from News 784.
Further details will be announced once made available.
About Mera Life Sciences LLC
Mera Life Sciences LLC is focused on the research and development, cultivation, extraction, processing and completion, exportation and clinics using natural medicines. Mera holds the ability to work with a number of psychedelic substances as part of the previously announced medicinal feasibility study.
About Red Light Holland Corp.
The Company is an Ontario-based corporation positioning itself to engage in the production, growth and sale (through existing Smart Shops operators and an advanced e-commerce platform) of a premium brand of magic truffles to the legal market within the Netherlands, in accordance with the highest standards, in compliance with all applicable laws.
Posted by AGORACOM
at 8:50 AM on Wednesday, December 30th, 2020
Vancouver, B.C., Dec. 30, 2020 (GLOBE NEWSWIRE) — Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) is focused on the exploration and development of graphite for the new green economy. Despite the negative effects of COVID, Lomiko Management are happy to report the company has made significant strides forward over the last year.
2020 La Loutre Flake Graphite Property Developments
Lomiko formed a La Loutre Technical, Safety and Sustainability Committee (“LTSSC”), reporting to the Board of Directors. The LTSCC is comprised of A. Paul Gill, CEO and Directors, Gabriel Erdelyi and Gregg Jensen. The LTSSC will oversee the assessment of the La Loutre Flake Graphite Property, and liaise with service providers, technical staff, and stakeholders to put forward a series of crucial technical documents including, but not limited to, a Scope of Work (SOW), Graphite Characterization and Metallurgy, Response for Proposal (RFP) on a Preliminary Economic Assessment, and, if required, pre-feasibility, bulk samples, pilot plant, feasibility and construction plans. The Committee will govern the hiring of technical staff, liaise with extra-company agencies and representatives, and provide a conduit to the Board of Directors to make crucial decisions on the project. The Board and Committee has accepted a proposal by SGS Canada Inc. to conduct a Metallurgical Process Development Program with results due in early 2021.
New Board Members
Mr. Mike Petrina joined the Lomiko Board and the Lomiko Technical, Safety and Sustainability Committee (“LTSSC”) has appointed him the Project Manager for development of La Loutre. Mr. Petrina has years of executive experience with Adanac Molybdenum, Hawthorne Gold, MAG Silver and Probe Minerals. Mr. Petrina’s extensive experience with advanced stage projects in the Pre-economic Assessment (PEA) Stage will be extremely helpful as Lomiko proceeds with the La Loutre Project.
Also, Mr. Gregg Jensen joined the Lomiko Board. He has over 25 years of experience in Finance and Business management spanning several industries from technology, mining, engineering, to professional services.
Kenmar Securities Engaged to Raise $ 40 Million Cdn
Lomiko Metals engaged Kenmar Securities, LLC of New York to raise $ 40 million Cdn for the acquisition and development of critical metals projects. Kenmar Securities, LLC, is a Delaware limited liability corporation and SEC registered securities broker dealer and FINRA member.
The Advisor will assist the Company in analyzing its business, operations, properties, financial condition and prospects, prepare suitable marketing materials, contact any potential partner companies, assist and advise the Company with respect to the financial form and structure of any potential transaction.
Government Support for Critical Minerals Supply Chain Development
Lomiko has been monitoring emerging legislation aimed at reducing dependence on Chinese supply of graphite, lithium and other electric vehicle battery materials. 100% of graphite is currently imported to the United States as there is no domestic graphite mines able to produce material for graphite anodes used in Electric Vehicles. Please also refer to news release September 9, 2020 and October, 7 2020 related to changing government policies regarding critical minerals.
US Election Bonus for Critical Minerals Companies
In a boon for the critical minerals mining industry, President-elect Joe Biden’s committed to a historic investment in clean energy and innovation, developing rigorous new fuel economy standards aimed at ensuring 100% of new sales for light- and medium-duty vehicles will be zero emissions and annual improvements for heavy duty vehicles.
Biden will invest $400 billion over ten years, as one part of a broad mobilization of public investment, in clean energy and innovation. The funds will accelerate the deployment of clean technology throughout the US with a target of reducing the carbon footprint of the U.S. building stock 50% by 2035. The new government will work with governors and mayors to support the deployment of more than 500,000 new public charging outlets by the end of 2030.
Lomiko’s Opportunity in the Critical Minerals Supply Chain
Graphite demand is expected to increase exponentially for natural graphite material, as more is used in the production of spherical graphite for graphite anodes of Electric Vehicle Lithium-ion batteries.
With a completion of $ 750,000 financing October 23, 2020, and a further $985,000 completed December 22, 2020, Lomiko plans to work on its near-term goals of the company are as follows:
1) Complete 100% Acquisition of the La Loutre Property, currently 80% owned by Lomiko Metals.
2) Complete metallurgy and graphite characterization to confirm li-ion anode grade material.
3) Complete a Technical Report to confirm the extent of the mineralization equals or surpasses the nearby Imerys Mine, owned by international mining conglomerate.
A “technical report” means a report prepared and filed in accordance with this Instrument and Form 43-101F1 Technical Report, and includes, in summary form, all material scientific and technical information in respect of the subject property as of the effective date of the technical report;
4) Complete Preliminary Economic Assessment (PEA)
A PEA means a study, other than a pre-feasibility or feasibility study, that includes an economic analysis of the potential viability of mineral resources.
Posted by AGORACOM
at 8:34 AM on Wednesday, December 30th, 2020
Gratomic Inc. (“GRAT” or the “Company”) (TSXV:GRAT)(FRANKFURT:CB82)(WKN:A143MR)(OTCQB:CBULF) is pleased to announce completion of civil construction work and final equipment assembly on its Aukam Processing Plant in Namibia. The Gratomic team has made an extreme effort to maintain the activities at the Aukam site, while ensuring that every precautionary measure has been taken to prevent the likelihood of a COVID-19 infection on the premises.
Gratomic has engaged the services of 12 additional temporary workers, through the local community of Aus, to relieve the Company’s Aukam workers and to allow them time-off during the Holiday Season. This is one of the many additional steps that the team has undertaken to ensure that time constraints are met according to the strict construction timeline.
Final equipment assembly has started on metal structures and support frames, manufactured locally by Pro-Edge Steel. Each piece of equipment is being assembled over its custom designed structure.
Simultaneously, the onsite team is setting up water, slurry, hydraulic, and electrical installation in preparation of the commissioning phase that comes thereafter.
Karl Trudeau will travel to the Aukam Graphite Project in Namibia in Mid-January to oversee final equipment assembly and commissioning in person.
Andre Bennet has been appointed as Mechanic and maintenance Supervisor for the Aukam Graphite Project.
“I would like to thank the Gratomic workforce in Aukam for their extreme dedication and hard work, which made possible this great achievement, and I am sure that they will continue to be the backbone of our Company for the next steps to come,” said Armando Farhate, COO & Head of Graphite Marketing and Sales.
“Gratomic continues to excel against all odds in this new exciting phase that brings our Aukam Processing Plant even closer to commissioning. We couldn’t be more thrilled with the progress the team is making and with their ability to quickly adapt to changing circumstances. It is amazing to see how the team has come together to bring this eight-year-old vision to life.” commented Arno Brand, President & CEO at Gratomic Inc.
About Gratomic Inc. Established in 2014, Gratomic is an advanced materials company focused on low-cost mine to market commercialization of carbon-neutral, Eco-friendly, high purity vein graphite and is set to become a key player in EV and Renewable Resource supply chains. Gratomic Inc. is a leader among peers, anticipating full operational capabilities in early 2021 and aiming to transition to an open pit operation by Q4 of 2021.
Gratomic is in the process of solidifying its development plans for micronization and spheronization of its clean Aukam graphite. This significant milestone is a small, additional step in the Company’s existing Eco-friendly processing cycle and will allow its naturally high purity graphite to meet ideal North American battery grade standards for use in Li-ion battery anodes.
The Company promises to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.
Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic’s Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is slated to begin in 2021. The agreements exist with TODAQ and Phu Sumika.
TODAQ is an innovative tech company and will partner with Gratomic on its mine-to-market commodity tracking.
Phu Sumika is a large global graphite supplier to battery and lubrication companies.
Gratomic Inc. is listed on the TSX Venture Exchange under the symbol GRAT.
Posted by AGORACOM
at 8:28 AM on Wednesday, December 30th, 2020
Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTC Pink: DTMXF) (the “Company” or “Datametrex“) is pleased to announce the release of German language capabilities for both NexaSecurity and NexaSMART- Social Media Automated Reporting Technology. This is a major milestone for Nexalogy’s technology, as it is now working in the top four native languages in Europe: English, French, German, and Russian.
“This latest development opens up almost all of Europe and the German-speaking market, which is the world’s fourth largest economy by GDP and has a huge need for artificial intelligence-based tools to counter social media-based disinformation campaigns,” said Marshall Gunter, CEO of Datametrex.
“As mentioned in our investor webinar, market expansion plans for international markets are being realized by investing income from our COVID19-test-kit sales into the development of our core technology, artificial intelligence-based analytics.”
“Since the so called Querdenker movement was founded, national state actors are aware of disinformation campaigns throughout the COVID-19 pandemic. This movement and other actors will likely play a critical role within the five state elections and the election for the German parliament in 2021.”
“Building on Nexalogy’s previous disinformation work with the Canadian and US governments and NATO, we feel Nexalogy’s technologies could be great help to the German election and democracy protection efforts in 2021,” said Marshall Gunter, CEO of Datametrex.
About Datametrex AI
Datametrex AI Limited is a technology-focused company with exposure to Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com). Datametrex’s mission is to provide tools that support companies in fulfilling their operational Health and Safety goals with predictive and preventive technologies. By working with companies to set a new standard of protocols through Artificial Intelligence and health diagnostics, the Company provides progressive solutions to support the supply chain.
Additional information on Datametrex is available at www.datametrex.com.
For further information, please contact:
Marshall Gunter – CEO Phone: (514) 295-2300 Email: [email protected]
Posted by AGORACOM
at 8:32 AM on Tuesday, December 29th, 2020
Valeo Pharma Inc. (CSE: VPH) (OTCQB: VPHIF) (FSE: VP2) (“Valeo“), a Canadian pharmaceutical company, announced today that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (“DTC”) in the United States.
“We are pleased to have secured DTC eligibility to facilitate the trading of our common shares for U.S investors and brokerage firms. This will allow for faster execution and improved liquidity which will help with broadening our investor base”, said Steve Saviuk, President and CEO.
DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered “DTC eligible”. This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms.
Valeo has also engaged Native Ads Inc. (“Native Ads”), a full service advertising agency, to provide digital media services, vendor management, marketing and data analytics services to Valeo and has budgeted USD $250,000 for such services over an expected 12 month period. Neither Native Ads or any of its directors and officers own any securities in Valeo.
About Valeo Pharma
Valeo Pharma is a pharmaceutical company dedicated to the commercialization of innovative prescription products in Canada with a focus on Neurodegenerative Diseases, Oncology and Hospital Specialty Products. Headquartered in Kirkland, Quebec Valeo Pharma has the full capability and complete infrastructure to register and properly manage its growing product portfolio through all stages of commercialization. For more information, please visit www.valeopharma.comand follow us on LinkedIn and Twitter.
Posted by AGORACOM
at 8:25 AM on Tuesday, December 29th, 2020
Adds Mr. Avi Markus, Former General Manager at NRG Innovations and executive at Unilever and Shoppers Drug Mart, as Vice President of Sales for North America
Adds Dr. Kayla Bridges, a Neonatal Dietitian and Milk Room Coordinator at Beaumont Children’s – Royal Oak, as head of U.S. Clinical & Scientific Affairs
ELSE NUTRITION HOLDINGS INC. (BABY.V) (BABYF) (0YL.F) (“Else” or the “Company”)the plant-based baby, toddler and children nutrition company, announces today the expansion of its operational team with the addition of four new members. The new Else team members will help drive North American Retail distribution efforts, medical/health care practitioners’ channels, as well as logistics and Clinical/Scientific Affairs.
“We continue to add experts and professionals, as part of our commitment to growing our presence across North America,” said Mrs. Hamutal Yitzhak, CEO and Co-Founder of Else. “Having a strong, local team presence will significantly accelerate our mission of bringing clean label, whole food plant-based, sustainable nutrition to families across North America. These talented new team additions will collectively help propel Else forward across key fronts, including sales/marketing, medical channels, logistics, and scientific affairs,” she added.
VP Sales, North America
The Company has hired Mr. Avi Markus, Former General Manager at NRG Innovations LLC, as Vice President of Sales Operations, North America. Mr. Markus has over 18 years of experience in leadership roles at Tier 1 Consumer Goods Companies/Retailers (including Unilever & Shoppers Drug Mart, Canada). He also was a founder and held partnership-level positions at numerous Better-for-You food and beverage companies, including Nourishtea organic tea and Beon Energems. In his role, Mr. Markus will lead North American retail expansion, via brokers, distributors and directly with key retailers.
U.S. Clinical & Scientific Affairs
Dr. Kayla Bridges, DCN, RD-AP, CNSC, FAND, joins the Company as Director of U.S. Clinical & Scientific Affairs. Dr. Bridges is an Advanced Practice Neonatal Dietitian and Milk Room Coordinator at Beaumont Children’s – Royal Oak. Her leadership experience includes 2020 President for the Michigan Chapter of the American Society for Parenteral and Enteral Nutrition (ASPEN), which was named Chapter of the Year under her leadership. She has served on the Clinical Practice Committee for ASPEN, as well as Publications Chair and newsletter Editor for the Academy of Nutrition and Dietetics’ Pediatric Nutrition Practice Group. Dr. Bridges completed her Doctor of Clinical Nutrition degree at Rutgers University and completed her Master of Science with a focus in nutritional biochemistry from West Virginia University. She has received numerous awards and recognition for her work, including the Academy of Nutrition and Dietetics’ Pediatric Nutrition Published Research Award. Dr. Bridges will be instrumental to the development and implementation of clinical trials necessary to obtain key regulatory approvals for Else Nutrition’s ongoing innovation pipeline.
Additional Key Hires
In addition to the above, the Company has added a seasoned Medical Channel Director, with many years of baby nutrition experience, at one of the Top U.S.-based Blue Chip Nutrition Companies. This expert will manage Else Medical Marketing and will promote the brand across the North American Medical Community (Health care practitioners, Pediatricians, Nutritionists, GIs).
A U.S. Logistics Coordinator has also been hired, to streamline logistics and supply, as the Company expands its sales across North America.
About Else Nutrition Holdings Inc.
Else Nutrition GH Ltd. is an Israel-based food and nutrition company focused on developing innovative, clean and plant-based food and nutrition products for infants, toddlers, children, and adults. Its revolutionary, plant-based, non-soy, formula is a clean-ingredient alternative to dairy-based formula. Else Nutrition (formerly INDI) won the “2017 Best Health and Diet Solutions” award at the Global Food Innovation Summit in Milan. Else Toddler Nutrition was a #1 Best Seller on Amazon in the Baby/Toddler Formula Category in 2020. The holding company, Else Nutrition Holdings Inc., is a publicly traded company, listed as TSX Venture Exchange under the trading symbol BABY and is quoted on the US OTC Markets QX board under the trading symbol BABYF and on the Frankfurt Exchange under the symbol 0YL. Else’s Executives includes leaders hailing from leading infant nutrition companies. Many of Else advisory board members had past executive roles in companies such as Mead Johnson, Abbott Nutrition, Plum Organics and leading infant nutrition Societies, and some of them currently serve in different roles in leading medical centers and academic institutes such as Boston Children’s Hospital, Pediatrics at Harvard Medical School, USA, Tel Aviv University, Schneider Children’s Medical Center of Israel, Children’s Hospital of Colorado, Rambam Medical Center and Technion, Israel and University Hospital Brussels, Belgium.
For more information, visit: elsenutrition.com or @elsenutrition on Facebook and Instagram.
TSX Venture Exchange
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.
Posted by AGORACOM
at 8:19 AM on Tuesday, December 29th, 2020
Loop Insights Inc. (MTRX:TSXV) (RACMF:OTCQB) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, enhanced customer engagement and automated venue tracing to the brick and mortar space, is pleased to provide shareholders with this review of the Company’s most successful year ever and thank all shareholders for helping make 2020 the most successful year ever. Moreover, given the partnerships, products, and financing discussed below, Loop Insights is extremely confident that 2021 will see an equal magnitude of growth experienced in 2020.
To this end, Loop Insights CEO Rob Anson stated the following:
Dear shareholders,
2020 was an extraordinary year and we hope you and your families are staying healthy and safe. COVID-19 has had a major impact on economies, families, and businesses. It has been one of Loop’s major focuses to combat the effects of this pandemic in order to help industries recover and thrive in this new normal. Throughout the year, my team and I have worked tirelessly to create products and solutions that would gain the trust of our partners such as Telus, Amazon Web Services, Vend, bdG Sports, and most recently, NTT DATA, so that they could have the confidence necessary to bring this into their global customer opportunities.
I am happy to report that we have accomplished this goal and as a result of these world-class partnerships, are now on the cusp of participating in global opportunities we never thought possible at the beginning of 2020. Moreover, we are very confident that additional significant developments will continue to be announced in 2021 when our partners and customers return from their holiday breaks to resume several high-level discussions across many verticals.
None of these accomplishments in 2020 and those awaiting us in 2021 would be possible without my great team and our great shareholders. I always express gratitude to my team and am especially grateful to the shareholders that have supported Loop this year. Our successes in 2020 have reflected the company’s long-term vision that we continue to execute. As we enjoy this holiday season to spend valuable time with our families, we are also enjoying a much needed but short break before returning to work to further execute on work that awaits us and our partners upon our return. The Loop Insights team has worked hard to achieve a year of incredible successes and looks forward to hitting the ground hungry and humble on behalf of our great shareholders. Thank you so much for your continued support which has been integral to our 2020 success and will be integral to our 2021 success.
2020 CORPORATE DEVELOPMENTS
Loop Insights achieved a number of monumental milestones this calendar year as it developed its leading services including:
AMAZON
On June 8th, Loop Insights was selected to join Amazon Web Services Partner Network, joining the majority of Fortune 100 companies that rely on Amazon’s services every day. As a preferred partner, Loop will seize this networking opportunity to gain access to hundreds of ongoing AWS portfolios, as well as co-development projects. More than 90% of Fortune 100 companies source their solutions and services from Amazon.
On October 22nd, Loop Insights and Amazon Web Services announced the two companies would be hosting an interactive webinar to showcase Loop’s venue tracing capabilities. The webinar was a great success and achieved its maximum attendance of 1,000 viewers, with more than 88% of viewers remaining engaged through to the end of the final Q&A segment. Loop received inquiries from large corporations in sectors such as Airlines, Sports & Entertainment Enterprises, Telecom, and Government, with many significant discussions now at advanced stages.
TELUS
On October 15th, Loop announced the significant milestone of having been accepted into the Telus IoT Marketplace. The Company’s first product accepted into the IoT Marketplace was our contact tracing product, which has received significant exposure to many of TELUS’s largest customers and ongoing significant discussions with them. The third-party validation that came with this acceptance has been instrumental in Loop’s contact tracing discussions with large corporate customers around the world.
On December 3rd, Loop announced the Launch Of A Second Product Into The TELUS IoT Marketplace For National Sales and Marketing To TELUS Business Customers. The Company’s second product accepted into the IoT Marketplace was our Insights service which consists of our IoT Fobi device, Loop Cloud API, and AI Insights Portal that provide automated marketing capabilities. Connected between the printer and point of sale, Loop’s Fobi device’s real-time capabilities are driven by Artificial Intelligence to enhance the shopping experience. Providing data-driven product suggestions and unique discount codes for future use, Loop enables customers to increase revenues through increased spend per customer.
NTT DATA
On December 17th, Loop announced the most significant partnership in its history with NTT DATA, a top-ranked global IoT services company, and subsidiary of Nippon Telegraph and Telephone, the world’s 4th largest telecom company, ranked 55th In Fortune Global 500. As a result of this partnership, Loop will be exposed to global opportunities never thought possible earlier this year. For example, Loop’s successful live deployment of its Venue Bubble solution and its published capabilities with respect to its Travel Bubble solution will be the subject of work on major projects with NTT DATA.
RETAIL – VEND AND SHOPIFY
On August 10th, Loop Insights announced a reseller partnership and API integration with Vend, a leading global PoS company that operates over 25,000 stores across 140 countries. The announcement came with the partnership’s first sale to a franchise with 30 locations. Through the reseller partnership, Loop is working with Vend’s global team to continue to onboard new customers monthly.
On August 20th, Vend and Loop Insights announced a 20-store pilot that successfully concluded on November 4th with an agreement to deploy its insights platform at 550 “Your CBD” locations across 41 states, the largest CBD retailer in the United States. The Your CBD Store win includes the implementation of Loop’s data insights platform across 170 new stores by the end of 2020 and an additional 380 stores in Q2 of 2021.
Loop will significantly benefit from Vend’s large global sales team that is now actively selling Loop’s products and services to its current 25,000 retail customer base, which will provide additional recurring revenue opportunities through monthly SAAS, as well as, potential revenue share opportunities.
In the same announcement on November 4th, Loop announced the completion of its point of sale integration with Shopify, providing Loop with access to the 500,000 merchants currently using the Shopify platform. Completing our Shopify integration further bolsters Loop’s efforts to achieve global scale via e-commerce and bricks and mortar opportunities. Retailers look to leverage data to create personalized shopping experiences across channels and optimize retail supply chain and inventory management. This makes Loop’s real-time online and offline data connectivity vital.
UKLIPZ
On November 12th, Loop announced the 2021 integration of Uklipz into its product stack. This is a very important milestone for Loop due to the significant strength it adds to our offering and the disruption it creates in the massive but problematic consumer review industry. The UKLIPZ platform is another important strategic move by providing our partners and customers with another immediate complimentary plug-in to expand and significantly strengthen the current Loop solution offering. Revenues from UKLIPZ will be generated through multiple streams as follows:
Monthly SaaS fees from Brands and Retailers
Transaction fees when a consumer purchases through the platform
Brands purchasing use of consumer video reviews
Sponsored ads
Retail
WORLD’S FIRST EVER VENUE BUBBLES IN A LIVE ENVIRONMENT
On September 16th, Loop Insights signed an agreement with NCAA Division 1 school, the University of Houston, to implement its contactless venue tracing platform across its facilities. In addition, the school agreed to implement Loop’s contactless, artificial intelligence marketing solutions to provide personalized promotions and targeted engagement at University of Houston football games at TDECU Stadium.
On October 8th Loop announced it was selected as the Premier Venue Tracing and Fan Engagement Solution for NCAA College Basketball #VegasBubble in Las Vegas, where games were played at MGM Grand Garden Arena, Mandalay Bay Events Center, and T-Mobile Arena between November 25 and December 22, 2020.
On November 9th Loop announced it would Implement the First-Ever Fully Integrated “Venue Bubble” (End-To-End Testing, Contact Tracing, and Alert Notifications) at the #BeachBubble NCAA College Basketball Tournament in Fort Myers, Florida, hosting 14 NCAA Division I men’s and women’s basketball teams in November and December that are playing at both Hertz Arena and Alico Arena (FGCU) while lodging at the Hyatt Regency.
On November 23rd, Loop Insights partnered with VenueNext to deliver a seamless mobile commerce solution to both college and professional sports venues across North America. VenueNext was founded in 2014 with Levi’s® Stadium and the San Francisco 49ers and has since gone on to power mobile-first and frictionless commerce in more than one hundred arenas, stadiums, theme parks, universities, corporate cafes, and theaters across the globe.
On December 1st Loop announced achieving 100% success in delivering the first-ever fully integrated “Venue Bubble” in live environments at both NCAA College Basketball Tournaments. Live demonstrations of the Venue Bubbles lead to significant discussions about some of North America’s largest sporting events in 2021 that are set to continue after the holiday break.
EXTENDING VENUE BUBBLES TO FILM AND TRAVEL
On October 19th Loop Insights and Empower Clinics announced the combination of their respective Venue Tracing and COVID-19 testing expertise to create the first-ever “Travel Bubble” solution for the global travel industry. Subsequently, on December 9th Loop and Empower partnered with SimpliFlying, the world’s leading aviation marketing consulting firm, to support specific near-term opportunities with World Renown Resorts, National Tourism Boards, Major Airlines, Airports, Cruise Ships, and Ports.
On December 14th Loop Insights expanded its venue bubble platform to create a “Film bubble”, in partnership with Draganfly’s “Safe Set” solution, for an upcoming major motion picture (“MMP1”) that is scheduled to commence filming in January 2021. The name of the film and the starring actors will remain confidential until the commencement of filming.
HEALTHCARE
On December 8th Loop Insights joined KABN Systems NA Holdings Corp. (CSE:KABN), Liquid Avatar, Lumedic, The Campus Agency, and TripXpertz to form a consortium to manage verifiable identity credentials for COVID-19 vaccinations. Through this consortium and Loop Insights’ previous partnership with iStoc, the Company is now able to provide medical testing beyond the scope of the COVID-19 pandemic.
On December 21st Loop announced the January 2021 launch of its Digital Connect Health Platform, a fully-integrated digital healthcare solution designed for both government and private sector. The launch comes after continuous discussions and requests from government leaders, both Provincial and Federal, over the past 7 months after the April 20 launch of the Beta version of its Smart Health contactless check-in platform, which streamlines patient engagement and operations. Loop’s Smart Health device requires a simple tap of the patient’s mobile phone to check in and verify their ID. Patients have frictionless access to everything they need in one simple wallet pass, including real-time notifications, testing and tracing updates, critical health information, and more.
FINANCING AND INTENTION TO UPLIST TO MAJOR NORTH AMERICAN STOCK EXCHANGES
As a result of our success in 2020 and anticipated success in 2021, Loop announced its “Uplist Plan” on December 7th to begin the process of uplisting to major North American Stock Exchanges. The Uplist Plan outlines Loop’s proposed plan to apply to have its common shares uplisted to the Toronto Stock Exchange (“TSX”), as a technology company, from the TSX Venture Exchange (“TSXV”), followed by an intention to apply for listing on NASDAQ. Completion of the Uplist Plan is subject to meeting certain conditions and approvals that are not assured and outlined in the press release for full review by shareholders.
Moreover, on December 11th, Loop announced the receipt of approximately $4,600,000 from the exercise of warrants up to December 10, 2020. The proceeds from this latest round of warrants being exercised are expected to provide Loop with the financial resources necessary to fund growth and operations to the end of 2021 at a minimum, assuming the Company wasn’t able to generate any further revenue from business operations. As such, the Company does not foresee the need for any financing with the exception of strategic client partners that may want to invest in Loop in order to participate in its growth.
Moreover, as the Company expects to generate meaningful revenue from its current and anticipated sales pipeline over the next 12 months, as well as, receive additional proceeds from further anticipated warrant exercises, the Company is confident it now has the war chest necessary to pursue all anticipated business opportunities as the demand for its solutions continues to grow on a weekly, if not daily basis.
CEO Rob Anson added “As shareholders can see from this year in review, Loop had an incredible year in 2020, and more importantly, is positioned with the right partners, products, pipeline, and financial resources to make the same quantum leap in 2021. Our success is reflective of our hard work and the exceptional quality of our people. Our team has grown and we’ve welcomed many passionate members who continue to drive innovation here at Loop. Despite the challenges created by the COVID-19 pandemic, the Loop team has overcome all obstacles and continues to work to drive the growth of the company, whether working remotely or together in our Vancouver office. We can’t wait to get back to work and deliver more big wins for our shareholders.”
Loop Insights Inc. is a Vancouver-based Internet of Things (“IoT”) technology company that delivers transformative artificial intelligence (“AI”) automated marketing, contact tracing, and contactless solutions to the brick and mortar space. Its unique IoT device, Fobi, enables data connectivity across online and on-premise platforms to provide real-time, detailed insights and automated, personalized engagement. Its ability to integrate seamlessly into existing infrastructure, and customize campaigns according to each vertical, creates a highly scalable solution for its prospective global clients that span industries. Loop Insights operates in the telecom, casino gaming, sports and entertainment, hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia. Loop’s products and services are backed by Amazon’s Partner Network.
