Posted by AGORACOM-JC
at 4:23 PM on Monday, November 9th, 2020
Hollister Biosciences (HOLL:CSE) is a multi-state operator with multiple, high-quality products that are now carried in 280 of California’s 600 dispensaries, where it also claims California’s #1 hash infused pre-roll “HashBone” … and if that is all they had you would have the makings of a great small cap cannabis company.
But there is more …. way more.
Venom Extracts is their 100% owned subsidiary that is absolutely dominating the state of Arizona. More than just lip service:
Venom just surpassed $30,000,000 (MILLION) in revenue YEAR TO DATE
Venom Extracts is one of Arizona’s premier extract brands
One of the state’s largest producers of medical cannabis distillate and related products
The products are award winning
….. And it is run by the absolute coolest guy in small cap Cannabis – Jake Cohen
THE NUMBERS SAY IT ALL
1. RECORD Q3 REVENUE $12.5M
2. CRAZY REVENUE GROWTH 5,200%
3. RECORD EBITDA $1.265M (vs a loss of $362,000) In case you’re wondering if this was a fluke quarter, this is what Q2 looked like:
RECORD REVENUE of $US 8.47M, compared to $200,000 last year and representing an increase of 4,170%
NET INCOME of $300,000, compared to a loss of $2.1M, representing a turnaround of $2.4M over last year
HOLLISTER HEADED TOWARDS $50,000,000 REVENUE?
If you’re paying attention, HOLL is achieving enormous growth both year over year and sequentially. If we extrapolate the latest Q3 numbers, Hollister is on a $50,000,000 annualized revenue run rate assuming no further growth.
But there is more.
The State of Arizona just approved recreational cannabis in Arizona. This is a potential windfall for Venom given the fact its brand, reputation and dispensary penetration from its award winning medical cannabis is about as good as it gets. How good is Hollister now?
How good does it get?
Watch this incredible interview with Venom Extracts Founder Jake Cohen, the coolest exec in small cap cannabis because he delivers incredible results with sweat, swagger and great swag to boot.
Posted by AGORACOM-JC
at 3:59 PM on Monday, November 9th, 2020
Closed its previously announced private placement of units of the Company, which included the exercise of an over-allotment option, pursuant to which the Company issued 24,567,131 Units at a price of $0.05 per Unit for aggregate gross proceeds of $1,228,356.55
The Offering was led by Mackie Research Capital Corporation, as sole agent and sole bookrunner
VANCOUVER, BC / November 9, 2020 / Empower Clinics Inc. (“Empower” or the “Company“) (CSE:CBDT), is pleased to announce that it has closed its previously announced private placement of units of the Company (the “Units“), which included the exercise of an over-allotment option, pursuant to which the Company issued 24,567,131 Units at a price of $0.05 per Unit (the “Offering Price“) for aggregate gross proceeds of $1,228,356.55 (the “Offering“). The Offering was led by Mackie Research Capital Corporation, as sole agent and sole bookrunner (the “Agent“).
Each Unit is comprised of one common share of the Company (a “Common Share“) and one Common Share purchase warrant (a “Warrant“), with each Warrant exercisable to acquire one Common Share (a “Warrant Share“) at a price of $0.12 per Warrant Share for a period of 24 months from the closing of the Offering.
The Company is also pleased to announce that Steven McAuley, the Chief Executive Officer a director of the Company, participated in the Offering by subscribing for 1,200,000 Units for $60,000.
The Company intends to use the net proceeds raised under the Offering to support the objective of clinic growth, lab testing services, sales and marketing, for general working capital purposes.
In connection with the Offering, the Agent received an aggregate cash fee of $88,000. In addition, the Company granted the Agent compensation options (the “Compensation Options“) exercisable for 1,760,000 Units at an exercise price equal to the Offering Price for a period of 24 months following the closing of the Offering.
The subscription by Mr. McAuley is deemed, “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). The transaction is exempt from the formal valuation requirements of MI 61-101 since none of the securities of the Company are listed on a stock exchange specified in section 5.5(b) thereof. The transaction is exempt from the minority shareholder approval requirements of MI 61-101 since, at the time the transaction was agreed to, neither the fair market value of the transaction nor the fair market value of the consideration for the transaction, insofar as it involves interested parties, exceeded 25% of the Company’s market capitalization.
The securities issued pursuant to the Offering will be subject to a four-month hold period under applicable securities laws in Canada.
In connection with the Offering, $18,356.55 of the subscription funds are a result of a settlement with an arm’s length service provider of through the issuance of 367,131 Units.
The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.
ABOUT EMPOWER
Empower is creating a network of physicians and practitioners who integrate to serve patient needs, in-clinic, through telemedicine, and with an expanded suite of physician-based services. A simplified, streamlined care model bringing key attributes of the healthcare supply chain together, always focused on patient experience. The Company provides COVID-19 testing services to consumers and businesses as part of a four-phased nationwide testing initiative in the United States. Empower recently acquired Kai Medical Laboratory, LLC as a wholly owned subsidiary with large-scale testing capability and will lead our diagnostic and scientific advancement.
Neither the Canadian Securities Exchange nor its Regulation Service Provider has reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
Posted by AGORACOM
at 2:31 PM on Monday, November 9th, 2020
TORONTO, ON / ACCESSWIRE / November 9, 2020 / Gratomic Inc. (“GRAT” or the “Company”) (TSXV:GRAT)(OTC Pink:CBULF)(FRANKFURT:CB81)(WKN:A143MR) is pleased to announce that local concrete and brick crews have recently arrived on-site at Aukam. The local contractors have been employed to construct the foundations for the custom designed and constructed water filtration deionization unit, settling reservoir, and product thickener tanks, along with various smaller non-structural components of the processing plant build-out.
Gratomic is very pleased to include local, independent builders in the construction of its Aukam Graphite Project. This collaborative effort will allow the Company to adhere to its strict timelines, while simultaneously providing opportunities to local businesses and community members. The workers have been commissioned from the nearby town of Aus to complete construction work on various foundations and tanks.
Upon arrival on site, the crews promptly began pouring concrete and commencing the brick work required on the foundational platform designed to house the custom water filtration & deionization unit. The crew has since completed this project, which will accommodate ten separate water storage tanks with a cumulative capacity of 100,000 liters. The construction crews have since moved onto the build-out of the settling reservoir tanks, from there they will continue onto constructing the walls for the product thickener tank.
Completion of the water filtration and deionization system will allow the Company to achieve its objective of a 95% water recycling rate during the graphite processing phase. The Company is very pleased to have completed the build-out on this aspect of the processing plant and is dedicated to preserving and protecting natural resources, securing them for future generations.
“We are ecstatic to have completed this phase of construction so quickly and look forward to seeing the rapid progress made by the talented professionals we have brought in to assist with the completion of the Aukam Processing Plant project.” says President and CEO, Arno Brand.
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 late 2020 and aiming to transition to an open pit operation as early as the end 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.
For more information: visit the website at www.gratomic.ca or contact:
Posted by AGORACOM-JC
at 12:13 PM on Monday, November 9th, 2020
At a special meeting of its shareholders held earlier today, the Company’s shareholders voted in favor of officially changing the Company’s name from Peak Positioning Technologies Inc. to Peak Fintech Group Inc.
The name change will take effect in the coming days and the Company’s ticker symbol will remain the same on all exchanges.
Montreal, Quebec–(November 9, 2020) – Peak Positioning Technologies Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, announced that at a special meeting of its shareholders held earlier today, the Company’s shareholders voted in favor of officially changing the Company’s name from Peak Positioning Technologies Inc. to Peak Fintech Group Inc. The name change will take effect in the coming days and the Company’s ticker symbol will remain the same on all exchanges.
About Peak Positioning Technologies Inc.:
Peak Positioning Technologies Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating in China’s commercial lending industry. Peak’s subsidiaries use technology, analytics and artificial intelligence to create an ecosystem of lenders, borrowers and other participants in China’s commercial lending space where lending operations are conducted rapidly, safely, efficiently and with the utmost transparency. For more information: http://www.peakpositioning.com.
For more information, please contact:
CHF Capital Markets Cathy Hume, CEO 416-868-1079 ext.: 251 [email protected]
This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects for revenue growth, using words including “anticipate”, “believe”, “could”, “expect”, “intend”, “may”, “plan”, “potential”, “project”, “seek”, “should”, “will”, “would” and similar expressions, which are intended to identify a number of these forward-looking statements. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. The Company undertakes no obligation to publicly update or review any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.
Posted by AGORACOM
at 10:51 AM on Monday, November 9th, 2020
Highlights
Two occurrences of visible gold found in quartz vein separated by 15 metres
The northeast trending quartz veining has been traced over 550m
Textures of quartz veining are typical of epizonal style gold deposits
TORONTO, Nov. 09, 2020 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce the discovery of visible gold in quartz vein at its Kingsway Project near Gander Newfoundland. The Kingsway project is located within the highly prospective Gander Gold District to the northeast of New Found Gold Corp’s gold discovery announced earlier this year.
Two occurrences of visible gold in quartz vein were found, the first in outcrop and the second in subcrop, separated by approximately 15 metres. The quartz vein occurs in an underexplored area of the Kingsway Property where recent mapping and prospecting has uncovered a corridor of northeast-trending quartz veining hosted primarily in green-grey to black shale that extends over a strike length of at least 550 metres. While nine-metre-wide blow-outs of the quartz vein are seen sporadically along this corridor, contacts between the vein and host rock have not yet been adequately exposed to determine the true thickness of the vein over its length.
Veining is typically bright white, massive to vuggy, locally stylolitic with carbonate and sericite alteration. Vugs often contain euhedral quartz infilling. Prospecting has revealed that quartz veins along this corridor locally contain pyrite, chalcopyrite, and arsenopyrite. Fine grained visible gold has been observed in annealed quartz and vuggy gray quartz in the two occurrences. These features are characteristic of epizonal gold deposits similar to those identified on New Found Gold’s Queensway property to the south. Detailed sampling and mapping of this veining is ongoing. Samples collected to date will be delivered to Eastern Analytical laboratory today and results will be reported when available. Historical assessment reports do not note this quartz vein occurrence.
A photo accompanying this announcement
“We are very excited to announce the first visible gold found in the area covered by the Kingsway Property. This significant discovery is a result of the thorough work of LabGold geologists and prospectors, said Roger Moss, President and CEO of Labrador Gold. “The similarities to the gold mineralization at New Found Gold’s Keats Zone to the south are striking and gives credence to the district scale potential of the gold mineralization. We intend to aggressively follow up these occurrences with further detailed sampling and mapping, RAB drilling and, in the new year, diamond drilling.”
Roger Moss, PhD., P.Geo., President and CEO of LabGold, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this release.
The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property.
About Labrador Gold Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.
In early March 2020, Labrador Gold acquired the option to earn a 100% interest in the Kingsway project in the Gander area of Newfoundland. The property is along strike to the northeast of New Found Gold’s discovery of 92.86 g/t Au over 19.0 metres on their Queensway property. (Note that mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property). In early July 2020, the Company signed an option agreement to acquire a third license to add to the property package which now covers approximately 77 km2. Infrastructure in the area is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water.
The Hopedale gold property covers much of the Florence Lake greenstone belt that stretches over 60 km. The belt is typical of greenstone belts around the world but has been underexplored by comparison. Initial work by Labrador Gold has identified a 3 kilometre mineralized section of the northern portion of the belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold.
The Ashuanipi gold project is located just 35 km from the historical iron ore mining community of Schefferville, which is linked by rail to the port of Sept Iles, Quebec in the south. The claim blocks cover large lake sediment gold anomalies that, with the exception of local prospecting, have not seen a systematic modern day exploration program. Results of the exploration to date show gold anomalies in soils and lake sediments over a 15 kilometre long by 2 to 6 kilometre wide north-south trend and over a 14 kilometre long by 2 to 4 kilometre wide east-west trend.
The Company has 101,674,175 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.
Posted by AGORACOM-JC
at 9:27 AM on Monday, November 9th, 2020
Announced the implementation its “Venue Bubble,” a fully integrated contact tracing to rapid testing solution, in a live venue environment at the Gulf Coast Showcase in Florida hosting 14 NCAA college basketball teams
This implementation represents the first ever end-to-end COVID-19 venue solution in a live environment and a significant milestone for Loop Insights, given the global demand for venue solutions from enterprise-level organizations worldwide
VANCOUVER, British Columbia, Nov. 09, 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 announce the implementation its “Venue Bubble,” a fully integrated contact tracing to rapid testing solution, in a live venue environment at the Gulf Coast Showcase in Florida hosting 14 NCAA college basketball teams.
LOOP DELIVERS FIRST EVER END TO END SOLUTION FROM CONTACT TRACING TO RAPID TESTING IN A LIVE VENUE ENVIRONMENT – A MAJOR MILESTONE FOR LOOP AND GLOBAL HOSPITALITY INDUSTRY IN NEED OF A SOLUTION This implementation represents the first ever end-to-end COVID-19 venue solution in a live environment and a significant milestone for Loop Insights, given the global demand for venue solutions from enterprise-level organizations worldwide.
On October 29th, Loop Insights and Amazon Web Services (AWS) hosted a webinar to showcase the Company’s Venue Tracing Solution to a global audience of hospitality businesses that resulted in 1,000 attendees from industries including but not limited to:
Hotels
Airlines
Venue Owners
Sports & Entertainment Owners
The Company has been engaged in several discussions with global hospitality companies in search of a solution to enable the safe resumption of their operations and ensure their long term viability and sustainability.
Loop Insights CEO Rob Anson stated, “Today’s announcement establishes Loop as a global force in COVID-19 venue solutions. Loop progresses beyond just contact tracing and delivers a full working “Venue Bubble” solution that incorporates every element of safety and commerce that venues worldwide need to open for business. Given the responses we had from our AWS webinar and the resulting conversations we are having with global hospitality companies, we are optimistic that delivering this working solution in a live environment will lead to significant business. This is a big day for Loop and its shareholders.”
THE VENUE BUBBLE SOLUTION On October 27, 2020 Loop Insights announced a partnership agreement with Summit Services Inc. to provide a complete end-to-end integrated COVID-19 management solution consisting of rapid mobile testing, integrated lab results, and exposure alert notification capabilities.
Together with Summit, Loop Insights has established a comprehensive end-to-end testing and venue tracing solution that can be integrated into any physical environment, allowing organizations to safely reopen their facilities while reintroducing students, fans, or workers. The combined product offering is intended to focus on, amongst other venues, stadiums, and arenas.
Today’s #BeachBubble announcement represents the first time contact tracing and rapid testing will be fully integrated into a live environment globally, marking a significant milestone for both Loop and the global market of venues seeking an end-to-end solution.
THE EVENT – bdG SELECTS LOOP TO PROVIDE VENUE TRACING AND FAN ENGAGEMENT SOLUTION FOR FORT MYERS #BEACHBUBBLE TOURNAMENT Loop has been selected to provide its venue tracing and fan engagement platform to the Gulf Coast Showcase in Fort Myers, Florida. The tournament, operating affectionately as the #BeachBubble, is set to play host to 14 NCAA Division I men’s and women’s basketball teams in November and December that will play at both:
Hertz Arena and
Alico Arena (FGCU)
In partnership with bdG sports, Loop Insights will provide an all-access pass comprising of venue tracing, contactless entry, testing, and personalized engagement to all team members, game operations staff, officials, and attendees. The company’s end-to-end Venue Bubble is designed to protect all participants, officials, and game staff at the tournament while providing bdG with unique marketing and fan engagement opportunities. Loop’s venue tracing solution will be deployed across convention centers, hotels, practice facilities, and arenas to provide complete end-to-end coverage.
bdG Sports CEO, Brooks Downing stated , “Loop’s venue bubble platform has provided us with the peace of mind to move forward with our return-to-play efforts in college basketball safely. After establishing a safe and secure environment, Loop’s platform provides an all-access pass directly to consumers, providing additional revenue streams through personalized promotions and targeted advertisements, which can increase transaction revenue at all events.”
Loop Insights CEO Rob Anson stated bdG’s #BeachBubble in Florida provides us with another excellent opportunity to showcase our end-to-end integrated testing, tracing, and alert notification solution. In addition to our Venue Bubble in Fort Myers, Loop’s venue bubble will be on full display in Las Vegas at NCAA Basketball #VegasBubble tournament hosted at MGM and T-Mobile Arenas. As live events return, we will continue working with bdG to bolster its event revenue streams by providing real-time targeted fan engagement and marketing during these events. With our now second successful bubble designation, it stands as another excellent example of continued third-party validation that speaks to the sense of urgency and the demand for our venue tracing platform.”
Watch Loop CEO Rob Anson and bdG Sports CEO Brooks Downing discuss their initial partnership in Las Vegas: https://youtu.be/cL5wfYNO-Qs
This press release is available on the Loop Insights Verified Forum on AGORACOM for shareholder discussion, questions and engagement with management https://agoracom.com/ir/LoopInsights
About bdG Sports: bdG Sports is a representation, event management, and public relations firm operating on an international platform within the sports marketing industry. bdG manages multiple college basketball and college hockey events in the United States each season with events in Southwest Florida, Las Vegas, and The Bahamas. bdG’s golf division manages the season-opening tournaments of the Korn Ferry Tour each January in The Bahamas, hosts premium Pro-Ams throughout the year and launched the Unbridled Tour mini-tour series in 2020. For more information, visit www.bdglobalsports.com or follow on @bdGlobalSports on Twitter, Facebook, or Instagram.
About Loop Insights : 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.
This news release contains certain statements which constitute forward-looking statements or information. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Loop’s control, including the impact of general economic conditions, industry conditions, and competition from other industry participants, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Loop believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, Loop does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in the securities of Loop should be considered highly speculative. There can be no assurance that Loop will be able to achieve all or any of its proposed objectives.
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-JC
at 9:30 PM on Sunday, November 8th, 2020
The global online gambling market could potentially hit $1 TRILLION by the end of this decade. That isn’t a typo and the reasons are pretty clear – more jurisdictions are legalizing online gambling to get their hands on the tax revenue and the remaining 40% of people on the planet without internet access are going to get it.
Until recently, however, small-cap investors did not have a company that could provide them ground floor exposure to this massive market and its growth over the next 10 years. The industry was dominated by the big traditional gambling companies, who focus heavily on old fashioned gambling.
That all changes with FansUnite, the small cap iGaming super company that goes beyond simple gambling and attacks both sides of the iGaming market by offering both B2C and B2B gambling platforms.
More than just lip service, the formation of this iGaming super company became a reality this summer when FansUnite acquired Askott Entertainment recently, the highlights of which are as follows:
$27,000,000 Acquisition
Over $350,000,000 In Total Bets
Over 300,000 Registered Users
Strong Emphasis On Esports
Over 6,000 Casino Games Onto Platform
$5,000,000 Financing In Support Of The Acquisition
World Renowned Team
…. And now FANS is already setting monthly records. If that was all FANS had to say, this would already be a big announcement … but watch this interview to hear how fast they are expanding globally, as well as, how FANS is positioned for a proposed change to Canadian gambling laws that could become a massive opportunity for this Canadian gambling and gaming company.
If you are looking for a disruptive technology company that is well positioned to carve out its share of the massive online gambling world, then you need to watch or listen to this interview with FANS CEO, Scott Burton.
Posted by AGORACOM-JC
at 8:43 PM on Sunday, November 8th, 2020
HPQ Silicon Resources (HPQ:TSXV) is a Canadian producer of Silicon that is building a line of specialty silicon products needed for electric batteries.
More than just lip service, HPQ has already announced NDA’s with 2 undisclosed companies in the space and has hinted at other NDA’s that are so tight they could not even be announced.
But October 22, 2020 HPQ Silicon went from “a company that is just talking to auto and battery manufacturers to a company that is doing business with a global auto manufacturer” according to CEO Bernard Tourillon, after the Company announced:
Tourillon went to intimate that this order puts HPQ on the global silicon map that he expects to lead to significantly greater interest from the industry.
This was echoed in the press release which stated:
“HPQ NANO is looking forward to the December 2020 start of the Gen1 PUREVAP TM NSiR reactor in order to start delivering material as we work to keep up with the expected strong interest in our Nano Silicon products.”
Earlier this week, HPQ announced it was on track to start their Nano Silicon reactor in December and fulfill this first order from the auto manufacturer … but then the Company went even further when Tourillon stated:
“While we are very excited by HPQ NANO material blue sky potential in the silicon battery space , we are also thrilled by our material potential in other high value markets,“
What are those other high value markets? How big are they? How confident is HPQ in it’s ability to address these markets?
If you are serious about battery metals and electric vehicles entering their big growth stage in the next 5 years, then you owe it to yourself to watch this interview with CEO.
Posted by AGORACOM-JC
at 9:38 AM on Saturday, November 7th, 2020
Announced that it has completed its acquisition of Bloomboxclub Limited that was previously announced on September 24, 2020
Bloombox Club UK is a privately-held e-commerce company based in the United Kingdom that sells and delivers indoor plants to its established wellness community via subscription service and online shop
The Acquisition helps PlantX execute on its international expansion strategy, as well as expand its e-commerce capabilities
VANCOUVER, BC , Nov. 6, 2020 – PlantX Life Inc. (the ” Company ” or ” PlantX “) (CSE: VEGA ) (Frankfurt: WNT1) announces that it has completed its acquisition of Bloomboxclub Limited (” Bloombox Club UK “) that was previously announced on September 24, 2020 (the ” Acquisition “). Bloombox Club UK is a privately-held e-commerce company based in the United Kingdom that sells and delivers indoor plants to its established wellness community via subscription service and online shop. The Acquisition helps PlantX execute on its international expansion strategy, as well as expand its e-commerce capabilities.
Bloombox Club UK will continue to operate as a wholly owned subsidiary run by its founder, Dr. Katie Cooper and her UK team, while leveraging the deep e-commerce and technical expertise of PlantX to drive higher conversions and accelerate expansion into Netherlands , Germany and the rest of Europe . Further, Bloombox Club UK will lend PlantX its expertise in the house plant vertical to enable the Company to further grow in the North American market.
PlantX plans to continue sourcing its plants from Geoponics, but will also grow its selection by having Bloombox Club UK locate additional partners that will make available their plant inventory and products on the Company’s ecommerce platform.
“We are really excited to become a part of the PlantX family,” said Dr. Katie Cooper , Bloombox Club founder and CEO. “We can’t wait to be part of a bigger and more global team with a wider strategic vision, and we look forward to combining all our teams’ expertise and skills.”
“It is quite exciting working with Bloombox Club UK who have created this amazing subscription service and platform for plants,” said Julia Frank , PlantX CEO. “If our brief time together is any indication, I know we will have a very bright future together.”
“All of us at PlantX are very much looking forward to working together with Bloombox Club UK,” said Sean Dollinger , PlantX founder. “Both teams bring so much to the table, whether it be ecommerce capabilities or marketing expertise, and together we’ll only continue to grow.”
PlantX paid a purchase price of £8 million that was satisfied by a combination of £560,000 in cash and £7,440,000 in common shares in the capital of the Company (” Consideration Shares “). An aggregate of 10,782,559 Consideration Shares were issued to the sellers of Bloombox Club UK at a deemed price of C$1.17 per share, that being equal to the ten (10) day volume weighted average trading price of PlantX’s common shares immediately preceding the public announcement of the Acquisition (the ” Consideration Share Price “). The Consideration Shares are subject to a 4 month hold period in accordance with applicable Canadian securities laws. Pursuant to the terms of the definitive purchase agreement, the Consideration Shares have also been deposited into escrow whereby the Consideration Shares will be released from escrow in accordance with the following release schedule:
20% of the Consideration Shares were immediately released from escrow on closing;
15% will be released three (3) months from closing;
15% will be released six (6) month from closing;
15% will be released nine (9) months from closing;
15% will be released twelve (12) months from closing;
10% will be released fifteen (15) months from closing; and
the remaining 10% will be released eighteen (18) months from closing.
In connection with the Acquisition, the Company paid a financial advisory fee equal to 10% of the value of the Acquisition to an arm’s length, third party financial advisor for its assistance in introducing, evaluating, and structuring the Acquisition for the Company. The fee was satisfied by a combination of cash and common shares of PlantX, of which an aggregate of 1,043,473 PlantX common shares were issued at a deemed price per share equal to the Consideration Share Price. The shares issued to the advisor are subject to a 4 month hold period in accordance with applicable Canadian securities laws.
About PlantX
As the digital face of the plant-based community, PlantX’s platform is the one-stop-shop for everything plant-based. With its fast growing category verticals, the Company offers customers across North America more than 10,000 plant-based products. In addition to offering meal and indoor plant deliveries, the Company currently has plans underway to expand its product lines to include cosmetics, clothing, and its own water brand — but the business is not limited to an ecommerce platform. The Company uses its digital platform to build a community of like-minded consumers, and most importantly, provide education. Its successful enterprise is being built and fortified on partnerships with top nutritionists, chefs, and brands. The Company eliminates the barriers to entry for anyone interested in living a plant-based lifestyle, and thriving in a longer, healthier, and happier life.
About Bloombox Club UK
Bloombox Club UK is a UK-based indoor plant and natural product shop and subscription company that brings indoors the great outdoors to boost its customers’ health and wellbeing. The company sources, curates, tells the story of its indoor plants and superior natural products for the home and delivers them to its customers’ doors. Bloombox Club UK has created a large and active community loyal to its brand by curating its products and educating its customers on the plants’ genus and benefits.
Forward Looking-Formation
This press release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. The forward-looking information contained herein includes information regarding the release of the Consideration Shares from escrow and the business and strategic plans of the Company.
By their nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release including, without limitation: the Company’s ability to comply with all applicable governmental regulations including all applicable food safety laws and regulations; impacts to the business and operations of the Company due to the COVID-19 epidemic; a limited operating history, the ability of the Company to access capital to meet future financing needs; the Company’s reliance on management and key personnel; competition; changes in consumer trends; foreign currency fluctuations; and general economic, market or business conditions.
Additional risk factors can also be found in the Company’s continuous disclosure documents which have been filed on SEDAR and can be accessed atwww.sedar.com. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
