Posted by AGORACOM-JC
at 7:35 AM on Thursday, March 12th, 2020
Announce that Democracy Labs successfully used Nexalogy’s technology to monitor #covid19 and #coronavirus to identify misinformation campaigns and Fake News
Democracy Labs is a US based organization providing a hub for ongoing technology and creative innovation that serves progressive campaigns and organizations at the national, state, and local levels.
TORONTO, March 12, 2020 — Datametrex AI Limited (the “Company†or Datametrexâ€) (TSXV: DM) (FSE: D4G) is pleased to announce that Democracy Labs successfully used Nexalogy’s technology to monitor #covid19 and #coronavirus to identify misinformation campaigns and Fake News. Democracy Labs is a US based organization providing a hub for ongoing technology and creative innovation that serves progressive campaigns and organizations at the national, state, and local levels. In addition to misinformation about Covid-19 DemLabs has also used Nexalogy tech to examine Islamophobia against U.S. Representative Rashida Tlaib.
Key takeaways:
450,000 tweets analyzed from March 1st through 4th using hashtag #covid19
Russia Today suggested that the U.S.A. primaries be cancelled and was promoted by BOTS
Results of these campaigns can be found by clicking the attached links:
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).
This news 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 “mayâ€, “willâ€, “expectâ€,
“likelyâ€, “shouldâ€, “wouldâ€, “planâ€, “anticipateâ€, “intendâ€,
“potentialâ€, “proposedâ€, “estimateâ€, “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 “willâ€
happen, or by discussions of strategy.
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.
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 5:01 PM on Wednesday, March 11th, 2020
Until now, investor participation in Artificial Intelligence has
been the domain of mega companies and those funded by Silicon Valley.
Small cap investors can finally consider participating in the great
future of A.I. through Datametrex AI (DM: TSXV) (Soon To Be Nexaology)
who has achieved the following over the past few months:
Q3 Revenues Of $1.6 million, an increase of 186%
9 Month Revenues Of $2.56M an increase of 37%
Repeat Contracts Of $1M and $600,000 With Korean Giant LOTTEÂ Â
$954,000 Contract With Canadian Department of Defence To Fight Social Media Election Meddling
Participation In NATO Research Task Group On Social Media Threat DetectionÂ
When a small cap Artificial Intelligence company is successfully
deploying its technology with military and conglomerates, smart
investors have to take a closer look.
That look can begin with our latest interview of Datametrex CEO,
Marshall Gunter, who talks to us about the use of the Company’s
Artificial Intelligence to discover and eliminate US Presidential
election meddling. The fake news isn’t just targeting candidates
specifically, it also targets wedge issues such as abortion cases now
before the US Supreme Court and even the Coronavirus.
Watch this interview on one of your favourite screens or hit play and listen to the audio as you drive.
Posted by AGORACOM-JC
at 5:00 PM on Wednesday, March 11th, 2020
SPONSOR: New Age Metals Inc.
The company owns one of North America’s largest primary platinum
group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral
Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an
additional 1,059,000 PdEq Ounces Inferred. Learn More.
The most expensive metals and where they are mined
Palladium is the most expensive of the four major precious metals – gold, silver and platinum being the others.
It is rarer than platinum, and is used in larger quantities for catalytic converters.
In the near-term, the demand for metals used in catalytic converters is expected to be steady, buoyed by growing automotive sales in Asia.
Rhodium’s little brother palladium also did well out of the
Dieselgate scandal. After sales of diesel vehicles slumped and petrol
alternatives came back into fashion, platinum – used primarily in
catalytic converters for diesel vehicles – took a tumble, while
petrol-friendly palladium rose.
Palladium is the most expensive of the four major precious metals –
gold, silver and platinum being the others. It is rarer than platinum,
and is used in larger quantities for catalytic converters. In the
near-term, the demand for metals used in catalytic converters is
expected to be steady, buoyed by growing automotive sales in Asia.
However, the increased uptake of battery-electric vehicles – which do
not use catalytic converters – could see palladium demand take a hit.
Russia00n mining company Nornickel is the top global palladium producer, pulling up 86 metric tons of the metal in 2019.
Rhodium
Relatively unknown to the layperson, rhodium is quietly one of the
hottest trades right now, after a price surge of more than 30% this
year. Rhodium previously peaked – and quickly crashed – in 2008 at more
than $10,000 per troy ounce (ozt), but the metal is now trading above
that 2008 high on the back of a swell in demand from the automotive
industry.
Rhodium is used in catalytic converters, a part of vehicle exhaust
systems that reduce toxic gas emissions and pollutants. According to S&P Global Platts,
almost 80% of demand for rhodium and palladium comes from the global
automotive industry. Fortunately for South Africa at least, around 80%
of all rhodium is mined within its borders.
Part of the reason for the metal’s price leap is its rarity. Annual
rhodium production sits at around 30 tonnes – to place that in context,
gold miners annually dig up between 2,500 and 3,000 tonnes of the
precious metal. Rhodium also benefitted from the Volkswagen emissions
scandal, or Dieselgate,
the 2015 emissions scandal that rocked the automotive industry. With
major economies including China and India tightening emissions rules,
platinum group metals (PGM) miners are anticipating good times ahead for
rhodium.
Gold
Part durability, part tradition, gold is among the most versatile
commodities. Primarily used in jewellery, but also having significant
applications across electronics and aerospace due to its durability and
conductivity, gold is, to put it plainly, everywhere.
Tags: CSE, palladium, PGM, PGM Demand, stocks, tsx Posted in New Age Metals | Comments Off on The most expensive #metals and where they are mined #Palladium SPONSOR: New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN
Posted by AGORACOM-JC
at 4:20 PM on Wednesday, March 11th, 2020
SPONSOR: BetterU Education Corp.
aims to provide access to quality education from around the world. 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 ecosystem. Click here for more information.
Digital Learning: Can it Solve the Access to Education Problem for Indian Students?
India is home to the largest youth population in the world.
As per recent government statistics, we have an estimated 430 million people under the age of 18.
Digital learning can help tackle existing problems in the education sector such as shortage of skilled teachers, lack of adequate teaching materials and so on.
India is home to the largest youth population in the world. As per
recent government statistics, we have an estimated 430 million people
under the age of 18. These young minds hold immense potential to build a
strong future for themselves and the country. A potential that is often
held to ransom by an education system marred by outmoded methods of
teaching, disproportionate student to teacher ratio, a shortage of
skilled teachers and lack of adequate teaching materials.
At a time when technology is transforming every
other aspect of our existence, it is only natural that we turn to tech
tools to disrupt the way we learn. A lack of access and resources
emerges as a constant stumbling block in our youth’s pursuit of
education – a problem that can be tackled by modernising the education
system through digital learning. Here’s how:
Education beyond Boundaries
Digital content and e-learning can bring entire
teaching modules to your doorstep through smart devices, making it
possible for students to continue working toward completing their
education even if they jump off the path of traditional learning. With a
boom in cheaper data and devices, this mode of learning proves
especially effective in pursuit of higher education or
career-oriented skills. Access to online learning opportunities through
remote classes, webinars and online academies can accord equal learning
opportunities to students in Tier II and III cities as well as rural
areas where skilled educators in one’s desired field of study may not be
available.
Personalised Learning
The advent of deep data analytics, Artificial Intelligence and
Machine Learning, personalised learning has become a tangible reality.
These tech tools allow enable an identification of student goals –
whether it is securing merit, landing jobs or simply amassing knowledge –
and create educational content to suit these goals. This promotes a
truly personalised approach toward learning. With the inclusion of edtech
networks and multimedia in education, learning and teaching methods
have evolved greatly in their methodology, style and content.
Learning on the Go
Gadgets are an integral part of the youth’s lifestyle today. From
shopping to entertainment and social interactions, they seek everything
on their finger tips and on the go. Their approach toward education and
learning is no exception to this tendency. Digital learning allows them
to consume educational content in a format they’re more comfortable in
and at a place and setting of their choosing.
Affordability
The cost of higher education in India is steep. By
comparison, specialised online course are far more affordable. If you
factor in the costs of moving to and living in a big city for students
from Tier II and III cities, small towns and rural areas, professional
online courses don’t cost a fraction of brick-and-mortar set ups. It is
for this reason that India is fast emerging as the second biggest market
for MOOCs or open online courses, after the US. This new educational
revolution presents great opportunity to help the youth access
high-quality education and training, at affordable price points, from
the comfort of their homes.
Job Readiness
The higher education in India essentially revolves around securing a
stable – ideally, well-paying – job. With easy access to e-learning
platforms and digital content, students can access the right kind of
content in a format fit for their preferred mode of consumption and be
better equipped to meet this goal. For instance, the same curriculum can
be easily tweaked to suit academic and competitive purposes in a
cost-effective manner in the e-book format.
Future-Ready Education
The world around us is changing at a lightning fast pace, thanks to the constant eruptions of the technology front.
Sadly, most of the traditional forums of learning – be it schools,
colleges or universities – find themselves lagging behind when it comes
to tailoring the course content as per the changing demands of the times
we live in. Besides, overhauling entire course curriculums can often a
slow, time-consuming process. In such a scenario, professionally
tailored online courses can be a bankable alternative in amassing skills
training that contributes to employability and is in line with the
learners’ interests.
It is undisputable that the future of education will be defined by digital content
and learning. Students in India can ride this wave to tide over the
inherent flaws in our education system and set themselves up for success
in their chosen profession.
Tags: online education, small cap stocks, tsx Posted in betterU Education Corp | Comments Off on Digital Learning #Edtech: Can it Solve the Access to Education Problem for Indian Students? – SPONSOR: BetterU Education Corp. $BTRU.ca $ARCL $CPLA $BPI $FC.ca
Posted by AGORACOM
at 3:36 PM on Wednesday, March 11th, 2020
SPONSOR: Lomiko Metals is focused on the exploration and development of minerals for the new green economy such as lithium and graphite. Lomiko owns 80% of the high-grade La Loutre graphite Property, Lac Des Iles Graphite Property and the 100% owned Quatre Milles Graphite Property. Lomiko is uniquely poised to supply the growing EV battery market. Click Here For More Information
Tesla shares dropped by over 13% yesterday, amid continuing concerns
about the coronavirus outbreak and a steep drop in oil prices.
Musk’s announcement comes at a time when several large automakers are making moves into the electric vehicle sector.
Tesla has
produced 1 million electric vehicles, according to the firm’s CEO Elon
Musk, who congratulated the “Tesla team†on the milestone via a tweet.
News of the landmark figure came after Tesla shares dropped by over 13% yesterday,
amid continuing concerns about the coronavirus outbreak and a steep
drop in oil prices. The Nasdaq Composite index, on which Tesla is
listed, fell 7.3 percent on the day. In extended hours trading Tuesday,
Tesla shares were over 10% higher
Currently, Tesla offers four models of electric vehicle: the Model 3
and Model S, which are sedans, and the Model Y and Model X, which are
types of SUV. Deliveries of the Model Y are due to start by the end of
this quarter.
Musk’s announcement comes at a time when several large automakers are making moves into the electric vehicle sector.
Towards the end of last year, the German company announced that 500,000 of its electrified cars had been sold.
At the time, CEO Oliver Zipse said that the business “was stepping up
the pace significantly†and aiming to have one million electric vehicles
on the road “within two years.â€
China’s electric car market is the biggest on the planet: a little
over one million electric cars were sold there in 2018, according to the
IEA, with Europe and the U.S. following behind.
Posted by AGORACOM
at 3:02 PM on Wednesday, March 11th, 2020
Sponsor: Loncor, a Canadian gold explorer controlling over 2,400,000 high grade ounces outside of a Barrick JV. The Ngayu JV property is 200km southwest of the Kibali gold mine, operated by Barrick, which produced 800,000 ounces of gold in 2018. Barrick manages and funds exploration at the Ngayu project until the completion of a pre-feasibility study on any gold discovery meeting their Tier One investment criteria. Newmont $NGT$NEM owns 7.8%, Resolute $RSG owns 27% Click Here for More Info
Maurice Jackson of Proven and Probable speaks to Bob Moriarty of
321gold about his thoughts on the current financial markets and
investment opportunity
Excerpt:
Maurice Jackson:……Staying in the Southern Hemisphere, let’s visit the Congo, where you just introduced Loncor Resources (TSX:LN). Sir, who is Loncor Resources, and what is the opportunity they present to the market?
Bob Moriarty: Here’s what’s absolutely amazing, I’m
glad you brought that up. Loncor Resources approached me, I had never
even heard a whisper of the name, I had no clue as to who they were. I
went looking into it, they have an incredibly massive land position, in
the Democratic Republic of Congo, the DRC.
Barrick Gold has several gold mines there, in the Greenstone Belt,
and across the border in Tanzania. Barrick Gold has some of their other
really giant mines. Loncor has, in their wholly owned properties,
resources of about 2.4 million ounces. They’ve got joint venture with
Barrack, on a big piece of their property, like 3000 square kilometers,
which is a really big project. Barrick is funding it to feasibility,
they’re paying everything. Barrick runs the project, and Barrick spends
the money. There are no particular limits on what Barrick can spend,
they can spend anything they want to. They’ve got a drill program that’s
literally starting right now.
If you look at any stock, you want to figure out what the basement
is, what is the lowest price the stock can go to? If you ignored the JV
with Barrick, which would be a foolish thing to do, but if you ignored
it, you’re buying ounces of gold, in the ground, for $19 an ounce, U.S.
So, I don’t think there’s any downside to it. Approximately 70% of
shares are in the top three or four shareholders. I think Loncor
Resources is a great stock, because if you like gold, and I think after
all of the things that I’ve said over the last 15 years, anybody who
doesn’t like gold right now is economically illiterate.
Maurice Jackson: You know, you said that lightly, $19 an ounce.
Bob Moriarty: Yeah, yeah. How can you go wrong? At the stage they’re operating, they should be getting $50 or $60 bucks an ounce.
Now, one of the things that we haven’t gotten into, and we need to
get into is, one, the T-bond, and, two, what I see happening to gold and
gold shares. The T-bond Daily Sentiment Index (DSI), on Friday, hit 98.
That is the highest rating I’ve seen, on the Daily Sentiment Indicator
for any commodity, ever. Therefore, the T-bond’s going to crash, it’s
probably going to take gold with it. Gold had a DSI of 96 a couple of
weeks ago.
Everybody hates it. They act like, “Oh my God, you say that gold’s
going down. My God, I hate you!” The corrections are perfectly normal,
and we’re going to have a correction in gold, and we’re going to have a
correction in palladium, and we’re going to have a correction in
rhodium. We’re going to go into the biggest financial crash in world
history, and most asset classes are going to get sold off. That’s not a
bad thing, that creates opportunity, but you’ve got to be flexible, and
hopefully liquid.
Now, I am not saying, “Go out and sell everything you’ve got.” Every
time I say we’re going to have a correction, “Oh my God, you told me to
sell everything.” Well, that’s not what I said, not at all. I said we’re
going to have a correction. At the end of the correction, gold and
silver and platinum are going to be a lot more valuable. We’re going to
do exactly what we did in 2008. A lot of stocks were down 70% or 80%.
Most of the big ones, the ones that I like, Lion One Metals, Novo Resources, Irving Resources, Barksdale Capital, these stocks are down 30 or 40% since the first of the year, when I said, “Beware of the stock market.”
I’m not saying something’s going to change on Monday with gold shares, gold shares have been going down for two months.
Maurice Jackson: You referenced Jake Bernstein’s work on the Daily Sentiment Index. What are the parameters that you referenced regarding buy and sell indicators?
Bob Moriarty: The DSI measures sentiment. Most
investor look at fundamentals, technicals, worry about the interest
rates, worry about the Fed. That’s all bull. People buy stocks because
of emotions, and they sell stocks because of emotions. If you can
measure those emotions accurately, you’d make a lot of money.
When 98 out of 100 people say something is going to go up, and it
doesn’t make any difference what it is, or what the fundamentals are, or
what the Fed does, or what the economy does, or what interest rates do,
when 98 out of 100 people say something is going to go up, the next
move is down. That is the highest number I’ve ever seen. Anything above
90 says the top is near, and anything below 10 says the bottom is near.
98 is such an extreme measure, that I’m perfectly comfortable saying
that, you and I are talking on Saturday, and on Monday, T-bonds are
going to go down.
Maurice Jackson: Mark the words, there. Which metals have your attention, and why?
Bob Moriarty: Silver and platinum, strange enough, you sent me some information (click here).
There was a fire, an explosion at a platinum processing place in South
Africa, and the real story is the price of platinum is so far below the
cost of production, they’ve got to shut production.
Nobody wants to admit this, everybody’s got their own pet theory, but
the fact is supply and demand does work. You cannot have the price of
any commodity below the cost of production for very long, or things are
going to happen. People are going to shut down production whether it’s
wheat, whether it’s gold, or anything else. The silver gold ratio got
above 100 to 1, that’s the highest it’s ever been. I think it got up to
102, intraday, a week ago. Silver was very cheap, relative to gold, but
that doesn’t mean silver couldn’t correct. I own a lot of silver, and I
own a lot of platinum, and a little bit of gold.
Posted by AGORACOM
at 2:09 PM on Wednesday, March 11th, 2020
Sponsor: Affinity Metals Corp. (TSX-V: AFF) is a Canadian mineral exploration company building a strong portfolio of mineral projects in North America. The Corporation’s flagship property is the drill ready Regal Property near Revelstoke, BC where Affinity Metals making preparations for a spring drill program to test two large Z-TEM anomalies at its Regal Property. Click Here for More Info
Gold is testing its previous 2020 highs, but silver plunged anyway, which created a very special situation. Namely, the gold to silver ratio just jumped to the 100 level.
This may not seem like a big deal, because ultimately people buy
metals, not their ratio, but it actually is a huge deal. This ratio is
observed by investors and traders alike, as it tends to peak at the
market extremes. Moving to the 100 level might indicate that we are at a
price extreme. But what kind of extreme would that be if silver is
declining while gold moved up?
Let’s take a closer look at the gold to silver ratio chart for details.
In early July 2019, the gold to silver ratio topped after
breaking above the previous highs and now it’s after the verification of
this breakout. Despite the sharp pullback, the ratio moved back below
the 2008 high only very briefly. It stabilized above the 2008 high
shortly thereafter and now it’s moving up once again.
It previously moved up relatively slowly, but it jumped to new highs last week and today.
Anything after a breakout is vulnerable to a quick correction to
the previously broken levels. On the other hand, anything after a
breakout that was already confirmed, is ready to move higher and the
risk of another corrective decline is much lower.
The most important thing about the gold and silver ratio chart to
keep in mind is that it’s after a breakout above the 2008 high and this
breakout was already verified. This means that the ratio is likely to
rally further. It’s not likely to decline based on being “high†relative
to its historical average. That’s not how breakouts work.
The breakout above the previous highs was verified by a pullback
to them and now the ratio moved even higher, just as we’ve been
expecting it to.
The true, long-term resistance in the gold to silver ratio is at
about 100 level. This level was not yet reached, which means that as
long as the trend remains intact (and it does remain intact), the 100
level will continue to be the likely target.
We’ve been writing the above for weeks (hence we formatted it with
italics), despite numerous calls for a lower gold to silver ratio from
many of our colleagues. And our target of 100 was just hit today. It was
only hit on an intraday basis, not in terms of the daily closing
prices, but it’s still notable.
We had been expecting the gold to silver ratio to hit this extreme
close or at the very bottom and the end of the medium-term decline in
the precious metals sector – similarly to what happened in 2008.
Obviously, that’s not what happened.
Instead, the ratio moved to 100 in the situation where gold rallied,
likely based on its safe-haven status, and silver plunged based on its
industrial uses.
Despite numerous similarities to 2008, the ratio didn’t rally as much
as it did back then. If the decline in the PMs is just starting – and
that does appear to be the case – then the very strong long-term
resistance of 100 might not be able to trigger a rebound.
It might also be the case that for some time gold declines faster
than silver, which would make the ratio move back down from the 100
level. The 100 level could then be re-tested at the final bottom.
Or… which seems more realistic, silver and mining stocks could slide
to the level that we originally expected them to while gold ultimately
bottoms higher than at $890. Perhaps even higher than $1,000. With gold
at $1,100 or so, and silver at about $9, the gold to silver ratio would
be a bit over 120.
If the rally in the gold to silver ratio is similar to the one that
we saw in 2008, the 118 level or so could really be in the cards. This
means that the combination of the above-mentioned price levels would not
be out of the question.
At this time, it’s too early to say what combination of price levels
will be seen at the final bottom, but we can say that the way gold
reacted recently and how it relates to everything else in the world,
makes gold likely to decline in the following months. Silver is
likely to fall as well and its unlikely that a local top in the gold to
silver ratio will prevent further declines.
Posted by AGORACOM
at 1:44 PM on Wednesday, March 11th, 2020
SPONSOR: ZEN Graphene Solutions: An emerging advanced materials and graphene development company with a focus on new solutions using pure graphene and other two-dimensional materials. Our competitive advantage relies on the unique qualities of our multi-decade supply of precursor materials in the Albany Graphite Deposit. Independent labs in Japan, UK, Israel, USA and Canada confirm this. Click here for more information
A research team at Delft University of Technology has developed a mathematical model that can be used to guide the large-scale production of graphene.
“Our model is the first to give a detailed view of what happens at the micro and nanoscale when graphene is produced from plain graphite using energetic fluid mixing,†says Dr. Lorenzo Botto, researcher at the department of Process & Energy at TU Delft. “The model will help the design of large-scale production processes, paving the way for graphene to be incorporated in commercial applications from energy storage devices to biomedicineâ€.
One of the most promising techniques to produce graphene from
graphite is liquid-phase exfoliation. In this technique, graphite is
sheared in a liquid environment until layers of graphene detach from the
bulk material. The liquid causes the graphene layers to detach gently,
which is important to obtain high-quality graphene.
The process has already been successful in the production of graphene
on laboratory scale, and, on a trial-and-error basis, on larger scales.
It has the potential to be used on industrial scales, to produce tons
of material. However, in order to increase the scale of graphene
production, we need to know the process parameters that make the
exfoliation work efficiently without damaging the graphene sheets.
A research team at TU Delft led by Dr. Lorenzo Botto has developed a
mathematical model to determine those parameters. This model can be
embedded in large-scale industrial process optimisation software or used
by practitioners to choose processing parameters.
“The exfoliation process is difficult to model,†explains Botto. “The
adhesion between graphene layers is not easy to quantify and the fluid
dynamical forces exerted by the liquid on the graphite depend
sensitively on surface properties and geometry.†Team members Catherine
Kamal and Simon Gravelle developed and tested the model against
molecular dynamics simulations, and proved that that the model can be
very accurate. Key to the success of the model is the inclusion of
hydronamic slip of the liquid pushing against the graphite surface, and
of the fluid forces on the graphene edges
Botto: “The model forms the basis for better control of the
technique at any scale. We hope it will pave the way to the large-scale
production of graphene for all kinds of useful applications.â€â€
Posted in All Recent Posts, Zen Graphene Solutions | Comments Off on TU Delft Team Develops Model to Guide Large-Scale Production of Graphene SPONSOR – ZEN Graphene Solutions $ZEN.ca $LLG.ca $FMS.ca $NGC.ca $CVE.ca $DNI.ca
Posted by AGORACOM-JC
at 9:11 AM on Wednesday, March 11th, 2020
Announced the launch of its NORTHBUD branded products into select retailers in Nevada, USA.Â
The products are manufactured through NORTHBUD’s ownership and operating agreement with Nevada Botanical Sciences, Inc., who is licensed for cultivation, manufacturing and distribution
NORTHBUD products will be available in both dried flower and pre-roll formats under the NORTHBUD White, Black and Platinum brands.
TORONTO, March 11, 2020 – North Bud Farms Inc. (CSE: NBUD) (OTCQB: NOBDF) (“NORTHBUD” or the “Company“) is pleased to announce the launch of its NORTHBUD branded products into select retailers in Nevada, USA. The products are manufactured through NORTHBUD’s ownership and operating agreement with Nevada Botanical Sciences, Inc. (“NBSâ€), who is licensed for cultivation, manufacturing and distribution.
NORTHBUD Nevada Launch Strategy Update Prior
to its asset purchase transaction with NORTHBUD, previously announced
on November 19, 2019, NBS had been exclusively servicing white label
customers. Over the past 3.5 months, NBS and NORTHBUD have transitioned
the Nevada operations to focus on NORTHBUD branded flower products,
culminating with the recent launch of NORTHBUD Black 9 Lbs Hammer
(Jinxproof phenotype) in 1 gram, 3.5 gram and 7 gram formats to select
retailers in Reno, Nevada.
Over the coming weeks, the Company intends to expand distribution to
multiple retailers in Northern Nevada and Las Vegas. NORTHBUD products
will be available in both dried flower and pre-roll formats under the
NORTHBUD White, Black and Platinum brands.
With over 45 million visitors a year from all over the world, Nevada
is a key market for building an internationally recognized brand, and
the Company believes that it is the ideal market for the launch of its
NORTHBUD products. The Nevada market is considered one of the largest
and most profitable in North America with recreational sales of USD$580
million in the first full year of legalization (2017 Nevada Dept. of
Taxation).
“The NORTHBUD and Bonfire Brands USA team are extremely proud to have
launched our own branded products, making the state of Nevada our
strategic entry point into the U.S. legal cannabis market,†said Sean
Homuth, CEO of NORTHBUD. “We believe the NORTHBUD brand will offer a
unique variety of products curated for experienced consumers who demand
appropriately priced, high-quality cannabis flower.â€
About North Bud Farms Inc. NORTHBUD,
through its U.S. subsidiary Bonfire Brands USA, has acquired cannabis
production facilities in California and Nevada. The Salinas, California
11-acre farm is actively cultivating cannabis in its 60,000 sq. ft. of
licensed greenhouse production space, and also has active distribution
and processing licenses. The Reno, Nevada property contains a
world-class cannabis production, research and development facility with
5,000 sq. ft. of indoor cultivation, and holds medical and adult-use
licenses for cultivation, extraction and distribution. Through its
wholly-owned Canadian subsidiary, GrowPros MMP Inc., the Company is
pursuing a license under The Cannabis Act, to cultivate in its
state-of-the-art purpose-built cannabis production facility located on
135 acres of agricultural land in Low, Quebec, Canada.
Neither the CSE nor its Regulation Services Provider (as that term is
defined in the policies of the CSE) accepts responsibility for the
adequacy or accuracy of this release.
Forward-looking statements Certain
statements and information included in this press release that, to the
extent they are not historical fact, constitute forward-looking
information or statements (collectively, “forward-looking statementsâ€)
within the meaning of applicable securities legislation.
Forward-looking statements, include but are not limited to those
identified by the expressions “anticipateâ€, “believeâ€, “planâ€,
“estimateâ€, “expectâ€, “intendâ€, “mayâ€, “should†and similar expressions
to the extent they relate to the Company or its management.
Forward-looking statements, including but not limited to, those
regarding the Company’s Nevada strategy, the success of the Company’s
licence application with Health Canada, the Company’s ability to execute
its strategic plan, conditions in the cannabis market, the Company
entering agreements in connection with the B2B supply of cannabis and
the Company’s transition into a revenue-generating operational phase of
development are based on the reasonable assumptions, estimates, analysis
and opinions of management made in light of its experience and its
perception of trends, current conditions and expected developments, as
well as other factors that management believes to be relevant and
reasonable in the circumstances at the date that such statements are
made, but which may prove to be incorrect.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the Company to differ materially from any
future results, performance or achievements expressed or implied by the
forward-looking statements. Such risks and uncertainties include,
among others, the risk factors included in the Company’s final long form
prospectus dated August 21, 2018, which is available under the
Company’s SEDAR profile at www.sedar.com.
Accordingly, readers should not place undue reliance on any such
forward-looking statements. Further, any forward-looking statement
speaks only as of the date on which such statement is made. New factors
emerge from time to time, and it is not possible for the Company’s
management to predict all of such factors and to assess in advance the
impact of each such factor on the Company’s business or the extent to
which any factor, or combination of factors, may cause actual results to
differ materially from those contained in any forward-looking
statements. The Company does not undertake any obligation to update any
forward-looking statements to reflect information, events, results,
circumstances or otherwise after the date hereof or to reflect the
occurrence of unanticipated events, except as required by law including
securities laws. This news release does not constitute an offer to sell
or a solicitation of any offer to buy any securities of the Company.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT: North Bud Farms Inc. Edward Miller VP, IR & Communications Office: (855) 628-3420 ext. 3 [email protected]
Tags: Cannabis, CBD, CSE, Hemp, Marijuana Posted in All Recent Posts, Featured | Comments Off on North Bud Farms $NBUD.ca Launches its NORTHBUD Branded Products in Nevada, USA $CGC $ACB $APH $CRON.ca $OGI.ca
