Posted by AGORACOM-JC
at 11:39 AM on Wednesday, July 17th, 2019
Further to the National Skill Development Corporation partnership with betterU, a joint hold press conference was held in Delhi, India to officially launch their partnership. Read More.
Mr. Prakash has been supportive of betterU’s vision to support
Education for All since his time working in Canada as India’s High
Commissioner. Mr. Prakash speaks to the media and audience of NSDC and
betterU leadership about his views around betterU and the need of India.
FULL DISCLOSURE: betterU Education Corp. is an advertising client of AGORA Internet Relations Corp
Posted by AGORACOM
at 9:21 AM on Wednesday, July 17th, 2019
SPONSOR: Great Atlantic Resources. A Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold. Click Here for More Info
GR: TSX-V
A bigger price move is right on the horizon, probably this week
Odds favor that bigger price move being to the upside.
Gold prices are modestly down in early U.S. trading Tuesday. The daily chart for gold shows a “collapse in volatility,†whereby the past three sessions have seen significantly quieter price action. This suggests that a bigger price move is right on the horizon, probably yet this week. Given that the daily gold chart remains bullish, odds favor that bigger price move being to the upside. August gold futures were last down $2.90 an ounce at 1,410.20. September Comex silver prices were last up $0.045 at $15.41 an ounce.
The just-released U.S. retail sales report for June showed a stronger-than-expected rise of 0.4%, which pushed the U.S. dollar index to solid gains on the day and in turn put some downside pressure on the gold market. Asian and European stocks were mixed overnight. U.S. stock indexes are pointed toward narrowly mixed openings when the New York day session beings, and are at or near their record and contract highs. So far this week there have been no major news developments in the world to significantly move markets. Thus, typical lackluster mid-summertime trading has set in. However, a very busy day of U.S. economic data may shake loose the present summertime doldrums.
In overnight news, there was a downbeat economic report coming out
of Germany, as the ZEW economic expectations index and current
conditions index worsened in July. Germany is the economic workhorse
for the European Union.
The other key “outside market†today sees Nymex crude oil prices firmer and trading just below $60.00 a barrel.
U.S. economic data due for release Tuesday includes the weekly Johnson Redbook and Goldman Sachs retail sales reports, retail sales, import and export prices, industrial production and capacity utilization, the NAHB housing market index, manufacturing and trade inventories, and Treasury international capital data. Several Federal Reserve officials are also slated for speeches today.
“One promising solution that scientists are working on is
silicon anode batteries. These batteries are made of tiny silicon
particles that offer an increase in capacity and higher energy than the
lithium batteries.”
It is known by anyone who owns a phone, that no matter how great the
technology and updates, the battery life is always terrible. For anyone
who uses their phone regularly, most smartphones rarely make it through a
full day without needing a quick charge. So, with all the advancements
in technology, it has many wondering why there haven’t been any
improvements in battery life for mobile devices.
Here is why your battery still doesn’t last.
The reason for the terrible battery lifespan is due to the
advancements in the technology in the phones. When cellphones, like the
original Nokia phone, were first introduced to the market, the battery
life was much better than it is now. That is because those phones did
not have as much capability as the phones now. Batteries did not have to
run multiple apps and features that take up a lot of energy throughout
the day.
The batteries in smartphones are made of lithium cobalt, the same
that was used in the original cellphones from the early 90s. However, as
cellphones get slimmer there is no way to run all of what they need to
with no room to increase the size of the battery. Researchers over the
past few years have tried to decrease other internal components to
increase the size of the battery, however, this caused phones to
misfunction and they are still trying to find solutions to the problem
with new designs and materials.
Lithium batteries also diminish over time with each charge cycle.
According to Apple, “Apple lithium-ion batteries work in charge cycles.
You complete one charge cycle when you’ve used (discharged) an amount
that equals 100% of your battery’s capacity — but not necessarily all
from one charge. For instance, you might use 75% of your battery’s
capacity one day, then recharge it fully overnight. If you use 25% the
next day, you will have discharged a total of 100%, and the two days
will add up to one charge cycle.â€
One promising solution that scientists are working on is silicon
anode batteries. These batteries are made of tiny silicon particles that
offer an increase in capacity and higher energy than the lithium
batteries.
The National Renewable Energy Laboratory has partnered with four
other national labs to form the Silicon Anode Consortium, funded by the
U.S. Department of Energy’s Vehicle Technologies Office and dedicated to
“understanding and eliminating barriers to implementing silicon-based
anodes in Li-ion cells.
While researchers are constantly working on new battery solutions,
engineers are always advancing the technology and capabilities of our
smartphones and it could be hard to keep up when they find a solution
for an energy source, more technology is added that requires even more
energy.
Posted by AGORACOM
at 8:23 AM on Wednesday, July 17th, 2019
Drilling has resumed at the C.O.D. North vein, where sample results last year ranged up to 21.7 grams per tonne gold over 0.4m
The new geophysical anomaly on the Gold Drop property is centered at the intersection of three interpreted major fault-conduit structural lineaments two of which are coincident with known structures: C.O.D. vein system and a cross-fault.
The anomaly measures 1834 by 1377m and is interpreted as a pipe-like structure requiring drilling to a depth of at least 400 and up to 764 metres.
The most significant gold drill intersections (core length) from the phase 3 diamond drilling on the COD vein are as follows:
COD18-3: 14.62 g/t Au over 2.1 metres;
COD18-26: 10.30 g/t Au over 1.4 metres recovered core (within 2.35-metre interval);
Posted by AGORACOM-JC
at 8:18 AM on Wednesday, July 17th, 2019
Entered into a Memorandum Of Understanding with Skyrocket Entertainment, a gaming, film and media brand rights entity, to integrate its patent-pending video advertising technology into Skyrocket’s gaming platforms.
Skyrocket Entertainment is an exciting new venture cornering a gap in the market by migrating iconic Hollywood feature films and branded intellectual property rights into the worldwide gambling and social gaming sector.
Vancouver, British Columbia–(July 17, 2019) – Good Life Networks Inc. (TSXV: GOOD) (“GLN“, or the “Company“), a Vancouver-based programmatic advertising technology company, is pleased to announce that it has entered into a Memorandum Of Understanding (“MOU” or the “Agreement“) with Skyrocket Entertainment (“Skyrocket”), a gaming, film and media brand rights entity, to integrate its patent-pending video advertising technology into Skyrocket’s gaming platforms.
Skyrocket Entertainment is an exciting new venture cornering a gap in
the market by migrating iconic Hollywood feature films and branded
intellectual property rights into the worldwide gambling and social
gaming sector. Skyrocket Entertainment recently acquired the
international rights to 75 iconic feature films including Rambo 4, The Expendables and The Fallen
franchise and is in negotiations with major Hollywood film studios on a
further 100 films. Skyrocket will transform these world-renowned
stories and characters into new gaming content and products for Social
Money Gaming and Real Money Gaming such as Slots, Instant Games, bingo
and lotto. The average online slot game delivers significant long-term
revenue, which generates new revenue streams for moviemakers. Pursuant
to the MOU, Skyrocket will work with GLN to implement the Company’s
advertising technology into the worldwide online gaming sector, an
industry valued at $52 billion this year.1
Jesse Dylan, CEO of GLN commented, “Skyrocket’s
innovative and immersive approach to gaming is the perfect fit for GLN’s
technology. This partnership will give GLN access to an exclusive
audience coveted by today’s advertisers with gaming content focused and
built around iconic Hollywood brands”
Skyrocket CEO, Sean O’Kelly, added: “We’re excited to be working with GLN and their pioneering technology on this innovative venture.”
Correction:
GLN also wishes to correct information published in the News Release
dated May 10th, 2019 in which Matt Hopkins was announced as President of
GLN. Mr. Hopkins’ correct title should have read President of GLN’s
Mobile division.
About Skyrocket Entertainment:
Skyrocket Entertainment www.theskyrocket.co
merges the film and media worlds with the Gaming Industry, creating
more immersive games from film & media brands. Skyrocket
Entertainment is a snappy content generator delivering via licensed and
certified gaming platforms. Skyrocket’s USP is the attractiveness of
using film and TV IP with established audiences, a team that knows how
to build software to market regulation and services which standardise
integrations to distributors, operators and their players.
The GLN Story
GLN’s patent pending technology is the engine that sits between
advertisers and publishers. A highlight of GLN’s tech is that it does
not collect PII (Personal Identifiable Information). Built for cross
device video advertising: Mobile, In-App, Desktop and CTV (Connected
Television) the GLN Programmatic Video Advertising Platform has among
the lowest fraud rates of similar vendors in the industry. Advertisers
make more money by reaching their target audience more effectively. GLN
makes money by retaining a percentage of the advertiser’s fee.
GLN is headquartered in Vancouver, Canada with offices in Newport
Beach and Santa Monica California, New York and UK and trades on the
TSXV under the stock symbol “GOOD” and The Frankfurt Stock Exchange
under the stock symbol 4G5. For further information on the Company,
visit www.glninc.ca
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.
Forward Looking Statements:
Forward-looking statements relate to future events or future
performance and reflect the expectations or beliefs regarding future
events of management of GLN. This information and these statements,
referred to herein as “forwardâ€looking statements”, are not historical
facts, are made as of the date of this news release and include without
limitation, statements regarding discussions of future plans, estimates
and forecasts and statements as to management’s expectations and
intentions with respect to the Company’s agreement with Skyrocket. These
statements generally can be identified by use of forward-looking words
such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”,
“believe” or “continue” or the negative thereof or similar variations.
These forwardâ€looking statements involve numerous risks and
uncertainties and actual results might differ materially from results
suggested in any forward-looking statements. Important factors that may
cause actual results to vary include without limitation, risks relating
to the success of the integration with Skyrocket’s platform, success of
any film property customized and marketed in the gaming industry and
general economic conditions or conditions in the financial markets or
gaming industry.
In making the forwardâ€looking statements in this news release,
the Company has applied several material assumptions, including without
limitation that the agreement between GLN and Skyrocket will generate
the results per GLN management’s expectations. GLN does not assume any
obligation to update the forward-looking statements, or to update the
reasons why actual results could differ from those reflected in the
forward looking-statements, unless and until required by applicable
securities laws. Additional information identifying risks and
uncertainties is contained in GLN’s filings with the Canadian securities
regulators, which filings are available at www.sedar.com.
Tags: adtech, CSE, digital advertising, stocks, tsx, tsx-v Posted in Good Life Networks | Comments Off on Good Life Networks $GOOD.ca Signs MOU with Skyrocket Entertainment to Power Film Branded Gaming Content #adtech $TTD $RUBI $AT.ca $TRMR $FUEL
Posted by AGORACOM-JC
at 7:31 AM on Wednesday, July 17th, 2019
First Signed Franchise ApplicationÂ
Consolidation Shows 350% Growth
Retail Product Kiosks LaunchedÂ
VANCOUVER, July 17, 2019 - EMPOWER CLINICS INC. (CSE: CBDT) (Frankfurt 8EC) (“Empower” or the “Company“), a vertically integrated and growth-oriented CBD life sciences company, and a multi-state operator of medical health & wellness clinics, is pleased to announce it has received it’s first signed franchise application and that the Company has filed on sedar.com, the Business Acquisition Report (BAR) for the Sun Valley Certification Clinics Holdings LLC acquisition.
The Company continues to reach a number of important milestones on
its path forward, as a global health and wellness company, serving the
needs of patients through its network of physician-staffed health and
pain management clinics, formulating CBD based products and developing
its first CBD extraction facility.
HIGHLIGHTS
First Signed Franchise Application The Company’s Sun
Valley Health division has received its first signed application for a
Sun Valley Health Franchise in the U.S., marking an important milestone
that the Company expects has the potential to change the landscape of
how patients and consumers will access qualified and approved physicians
for consultations for alternative health and treatment options
throughout the country.
Company Files Sun Valley Business Acquisition Report (BAR) The
Company has filed the required Business Acquisition Report (BAR) for
the Sun Valley Certification Clinics Holdings LLC acquisition closed April 30th,
2019. The report highlights the audit of Sun Valley and the
consolidation of Empower Clinics and Sun Valley financial results, if
combined for full year 2018 and 1Q 2019.
Consolidation Shows 350% Growth The Business
Acquisition Report (BAR) after the completion of the 2018 Sun Valley
audit shows there would be a 350% growth in Company revenues under
consolidation. 1Q 2019 consolidated results show there would be in
excess of 500% growth under consolidation.
“The Sun Valley acquisition is accretive to the Company in so many
tangible ways, through increased brand awareness, to bringing onboard a
talented energetic team, and providing even greater access to patients,”
said Steven McAuley, CEO of Empower. “With the release of
the BAR, we are now able to demonstrate the significant financial
benefit these assets provide to our growing company.”
HIGHLIGHTS Continued
Retail Product Kiosks Launched The Company has completed the set up of its first full retail product kiosk and display area in one of its key Phoenix
clinics, that includes over (40) product SKU’s, including the CBD lines
of Sollievo, Sun Valley Science and a variety of premium health
supplements.
Extraction Facility Progress The Company has submitted
its hemp-handlers license application to the Oregon Department of
Agriculture and paid the required fees to ensure the new 5,000 sq. ft.
facility in Sandy, OR will be fully compliant with all Oregon
regulations and permit requirements. Security systems and IT networks
have been installed in preparation for the next phase of build-out and
extraction equipment installation.
CBD Market Demand The passing in the United States of the US$867 billion Agriculture Improvement Act (the “Farm Bill“)
has legalized hemp and hemp-based products. This has created an
opportunity for the production and sale of a variety of CBD-based
products that can provide genuine help and effective relief to millions
of people suffering from a variety of qualifying conditions. Recent
reports and studies indicate the approval of the Farm Bill could create a
US$20 billion industry by 2022.
ABOUT EMPOWER
Empower is a leading multi-state operator of a network of
physician-staffed clinics focused on helping patients improve and
protect their health through innovative physician recommended treatment
options. Operating as a vertically-integrated health & wellness
brand with it’s first hemp-derived CBD extraction facility under
development, the Company can produce and package its proprietary line of
cannabidiol (CBD) based products and distribute through company owned
and franchised clinics, with wholesale partnerships, online and with
retailers nationwide.
ON BEHALF OF THE BOARD OF DIRECTORS:
Steven McAuley Chief Executive Officer
DISCLAIMER FOR FORWARD-LOOKING STATEMENTS
This news release contains certain “forward-looking statements”
or “forward-looking information” (collectively “forward looking
statements”) within the meaning of applicable Canadian securities laws. All
statements, other than statements of historical fact, are
forward-looking statements and are based on expectations, estimates and
projections as at the date of this news release. Forward-looking statements
can frequently be identified by words such as “plans”, “continues”,
“expects”, “projects”, “intends”, “believes”, “anticipates”,
“estimates”, “may”, “will”, “potential”, “proposed” and other similar
words, or information that certain events or conditions “may” or “will”
occur. Forward-looking statements in this news release include
statements regarding; the Company’s intention to open a hemp-based CBD
extraction facility, the expected benefits to the Company and its
shareholders as a result of the proposed acquisitions and partnerships;
the terms of the proposed acquisitions and partnerships; the
effectiveness of the extraction technology; the expected benefits for
Empower’s patient base and customers; the benefits of CBD based
products; the effect of the approval of the Farm Bill; the growth of the
Company’s patient list and that the Company will be positioned to be a
market-leading service provider for complex patient requirements in 2019
and beyond. Such statements are only projections, are based on
assumptions known to management at this time, and are subject to risks
and uncertainties that may cause actual results, performance or
developments to differ materially from those contained in the
forward-looking statements, including; that the Company may not open a
hemp-based CBD extraction facility; that the hemp-based CBD extraction
facility may not be fully operation by Q2 2019 if at all; that
legislative changes may have an adverse effect on the Company’s business
and product development; that the Company may not be able to obtain
adequate financing to pursue its business plan; general business,
economic, competitive, political and social uncertainties; failure to
obtain any necessary approvals in connection with the proposed
acquisitions and partnerships; and other factors beyond the Company’s
control. No assurance can be given that any of the events anticipated by
the forward-looking statements will occur or, if they do occur, what
benefits the Company will obtain from them. Readers are cautioned not to
place undue reliance on the forward-looking statements in this release,
which are qualified in their entirety by these cautionary statements.
The Company is under no obligation, and expressly disclaims any
intention or obligation, to update or revise any forward-looking
statements in this release, whether as a result of new information,
future events or otherwise, except as expressly required by applicable
laws.
Posted by AGORACOM-JC
at 7:25 AM on Wednesday, July 17th, 2019
Announced that its U.S. Subsidiary Worm Casting Farms Inc. has signed a LOI with USA Hemp to process its Hemp derived wet biomass Hemp from its 298 Acre Hemp Farm in Oregon State.
USA Hemp possesses 298 Acres of hemp to process for Worm Casting Farms with an estimated 4,250,000 lbs of Hemp derived wet biomass per harvest.
VANCOUVER, British Columbia, July 17, 2019 — BOUGAINVILLE VENTURES INC. (“Bougainville” or the “Company”) (CSE: BOG) (8BV-FF:Frankfurt Stock Exchange) – The Company is pleased to announce that its U.S. Subsidiary Worm Casting Farms Inc. (Worm Casting Farms) has signed a LOI with USA Hemp to process its Hemp derived wet biomass Hemp from its 298 Acre Hemp Farm in Oregon State.
USA Hemp Processing Agreement
Worm Casting Farms intends to enter into a Hemp Processing Agreement
with USA Hemp to process wet biomass. The percentage split will be
determined in a Definitive Agreement entered into after completion of a
due diligence period. Both parties will receive dividends to be realized
from the business operations of the Hemp Process Agreement.
USA Hemp possesses 298 Acres of hemp to process for Worm Casting
Farms with an estimated 4,250,000 lbs of Hemp derived wet biomass per
harvest. Worm Casting Farms will invest approximately $2,500,000 USD in
processing equipment that will include; a harvester, shredder,
separator, dryer, an extraction & distillation unit, and testing
facility. A detailed description will be provided in the Definitive
Agreement.
10 Acre Oregon Hemp Farm – Update
Further to the Company’s news release dated July 11, 2019, announcing
the contracting of a mobile processing unit (the “Mobile Processing
Unitâ€), the Company is pleased to report that the Mobile Processing Unit
will be arriving at the farm on July 22, 2019. The Mobile Processing
Unit will process dried biomass hemp from last year’s harvest. The total
amount to be processed is approximately 1,700 lbs of bio-mass and
processing take approximately 5 days. The anticipated value of the crop
is $250,000 USD in gross revenue and the Company anticipates a net
revenue before taxes $200,000 USD.
Island Biopharma Inc., — Update
Further to the Company’s news release dated June 11, 2019, the
Company has signed a definitive agreement (the “Biopharma Definitive
Agreementâ€) to complete the acquisition of Island Biopharma Inc.
(“Biopharmaâ€). Biopharma has developed a dedicated line of Cannabidiol
derived (“CBDâ€) products which include a proprietary CBD blended
tincture product with three specific recipes for anxiety, energy and
sleep.
According to an estimate from cannabis industry analysts the hemp-CBD
market alone could reach $22 billion by 2022. CBD can be used to
effectively to treat epilepsy, anxiety, insomnia and chronic pain. The
Island Biopharma CBD line is designed to harness the healing power of
cannabis without the psychotropic effects of THC.
Pursuant to the Biopharma Definitive Agreement the Company will
acquire 100% of Biopharma assets and current inventory. In return for
total consideration consisting of 10 million common shares of
Bougainville at a deemed price of CAD$0.07 per share equivalent to
CDN$700,000. Biopharma will contribute operational expertise, exclusive
licenses for products marketed in North America supported by an
intellectual property licensing agreement, and exclusivity for all
current and future technology for oil extraction in North America, which
will include sourcing of ingredients, nutritional chart, shelf-life, as
well as cost of ingredients and contacts. The final evaluation was
determined by an independent third-party evaluator.
About Island Biopharma Inc.
Biopharma has developed CBD blended formulas for tincture product
with three specific recipes for anxiety, energy and sleep. The
philosophy of Biopharma is to create products using the highest quality
of bio-active ingredients, and oil extraction methods that preserve the
essence of the cannabis plant. Biopharma has studied plant genetics for
their therapeutic effects by incorporating modern research techniques
and by analyzing the healing and therapeutic benefits of each strain
giving the company a huge range of combinations and therapeutic benefits
for specific ailments.
About Bougainville Ventures, Inc. Bougainville
Ventures Inc. is dedicated to rapid growth in production, processing,
retail and branding of cannabis and cannabis related products. Currently
the company provides strategic capital to the thriving cannabis
cultivation sector through ownership and development of commercial real
estate properties. We offer fully built out turnkey facilities equipped
with state-of-the-art growing infrastructure to cannabis growers and
processors. Also, the Company is focused on building a strong presence
in the hemp industry with the objective of extracting cannabinoids in
both Canada and the United States. Along with our flagship Hemp project
in Oregon State and the Greenhouse campus in Washington state, the
Company has proprietary formulas for cannabis edibles, topical, and
tinctures.
On behalf of the Board of Directors BOUGAINVILLE VENTURES INC.
Andy Jagpal, President and Director
For further information, please contact Andy Jagpal at [email protected]. Please note that our Toll free number has changed to 1-877-517-7816.
http://bougainvilleinc.com/
https://twitter.com/bougainvilleinc
FORWARD LOOKING STATEMENTS: This news release
contains certain forward-looking statements within the meaning of
Canadian securities laws. Forward-looking statements are based on the
expectations and opinions of the Company’s management on the date the
statements are made. The assumptions used in the preparation of such
statements, although considered reasonable at the time of preparation,
may prove to be imprecise and, as such, undue reliance should not be
placed on forward-looking statements. The Company expressly disclaims
any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise.
No regulatory authority has approved or disapproved the information contained in this news release.
Posted by AGORACOM
at 7:30 PM on Tuesday, July 16th, 2019
Barrick Gold Corporation’s offer for Acacia Mining PLC under review by Independent Mining Consultants
Arguing Acacia is worth 38% more than Barrick’s offer
The takeover offer and its effect on the Kakamega joint venture project between Acacia and Advance Gold are not yet understood
The Kakamega joint venture project is owned 85.37% by Acacia and 14.63% by Advance Gold
New licenses for the joint venture project were issued and exploration program is underway post rainy season
Kakamega – The Rosterman Mine
Acacia Exploration Kenya Ltd. (“Acaciaâ€) has 85.47% equity in the
Kakamega Project, which comprises the Rosterman, Burkura, and Sigalagala
Projects in Kenya, East Africa.
Rosterman SL267: The most northerly of the three
licences hosts the historic Rosterman mine, which is reported to have
produced in excess of 250,000oz Au at average grade in excess of 13g/t. Click Click here for map
Bukura SL265 and Sigalagala SL266: The southern licences host numerous significant historical colonial mines and areas of active artisanal mining. Click here for map
About Advance Gold Corp. (TSXV: AAX)
Advance Gold is a TSX-V listed junior exploration company focused on
acquiring and exploring mineral properties containing precious metals.
The Company acquired a 100% interest in the Tabasquena Silver Mine in
and the Venaditas project in Zacatecas state. Advance Gold also holds a
14.63% interest in the Kakamega project held by Acacia Mining (63% owned
by Barrick Gold Corporation)
Posted by AGORACOM-JC
at 4:42 PM on Tuesday, July 16th, 2019
HPQ Silicon (HPQ:TSXV) has thrown down the gauntlet with respect to traditional, mega producers of silicon metal with the following recent press release:
“HPQ PUREVAP™ Commercial Plant Costing Indicates Significant Capex Savings Versus Conventional Plants Producing Silicon Metal” In the actual press release itself, HPQ went even further with the following bold statement:
“With the Gen3 phase start just around the corner, we are getting closer to the time when market participants will have no choice but to take notice that we are the only viable low Capex and Opex alternative to producing Silicon Metal.â€
If that wasn’t enough, HPQ Silicon made direct reference to the two newest silicon metal plants to demonstrate massive capital cost and operating cost advantages. Specifically:
PCC BakkiSilicon hf ($300 Million Plant)
Mississippi Silicon ($220 Million Plant)Â
The gravity of these bold statements is even greater when you consider that HPQ’s world renown partners include Apollon Solar and PyroGenesis Canada, the latter of whom provided the data that led to the press release. Â
When you take a break from the summer heat, grab yourself a cold beverage and watch this interview with CEO, Bernard Tourillon. You just may thank yourself by the time winter arrives!
Posted by AGORACOM-JC
at 4:29 PM on Tuesday, July 16th, 2019
SPONSOR: Spyder Cannabis Inc. (TSX-V: SPDR) An established chain of high-end vape stores in Ontario, Canada. The company has an aggressive expansion plan already in place that will focus on Canadian retail and US Hemp-Derived kiosks in high traffic areas. Click here for more info.
(TSX-V: SPDR) ————————
CBD-based Functional Drinks Charm Health Conscious Consumers
Cannabis-based concentrates, extracts, and edibles are becoming highly popular among consumers
Specifically, the edible and beverage marketplace is quickly gaining popularity due to the ease at which customers can use the products
NEW YORK, July 16, 2019 — Each year, more and more countries are moving towards approving cannabis use. In particular, medicinal cannabis is witnessing immense support as most of the countries looking to enter into the market space are more keen on the medical sector due to the therapeutic benefits associated with cannabis. However, several regions around the world have also either decriminalized or legalized the use of recreational cannabis in moderate amounts. For instance, Canada completely legalized adult-use cannabis in late 2018. On the other hand, countries such as Colombia and Spain have only decriminalized recreational use, allowing adults to possess up to a certain amount.
Moreover, the U.S. has given states the jurisdiction to legalize
cannabis or keep the drug illicit. As a result, more than half the U.S.
legalized cannabis for medical use, while a fifth of the nation,
including the District of Columbia, allows for legal recreational usage.
While the medical marketplace is much more globally prevalent, the
recreational market is expected to overshadow the medical segment as the
North American market continues to mature.
Additionally, as the recreational market continues to expand,
consumers are also experiencing an influx of new products. Aside from
traditional cannabis flower, consumers can now choose from a variety of
products at dispensaries and retail stores. Now, cannabis-based
concentrates, extracts, and edibles are becoming highly popular among
consumers. Specifically, the edible and beverage marketplace is quickly
gaining popularity due to the ease at which customers can use the
products.
Furthermore, a large recreational user base exists for the edible and
beverage market, and the industry is heavily being accelerated by the
increasing demand for wellness products to treat a variety of health
concerns. According to data compiled by Reports and Data, the global
cannabis-based beverage market was valued at USD 1.57 Billion in 2018.
By 2026, the market is expected to reach USD 5.04 Billion while
exhibiting a CAGR of 15.4% during the forecast period.
The cannabis-infused edible and beverage market is expected to
witness a strong increase in demand, particularly for beverages over the
next several years. Canaccord Genuity analyst Bobby Burleson noted last
year that beverages packed with CBD or THC ingredients can account for
nearly 20% of the U.S. edible products markets by 2022, increasing from
6% in 2018. Burleson highlighted that the growing beverage industry is
becoming an attractive investment opportunity for beer and soda makers
and that data has shown that there is a direct correlation between
alcohol and cannabis consumption.
A joint research conducted by the University of Connecticut, Georgia
State University, and Universidad Del Pacifico discovered that counties
located in medical marijuana states witnessed a 15% reduction in monthly
alcohol sales. The conclusion of the study uncovered that cannabis and
alcohol are both substitutes for one another, meaning that they share
the same target audience. The study also indicates that as more
countries move towards cannabis legalization, more users will be
inclined to shift over to the cannabis market. The shift has even
prompted alcohol producers to enter into the cannabis industry to
maximize its consumer base reach.
While alcohol beverage producers may look towards developing THC
beverages, soda producers are looking to leverage CBD for health and
wellness beverages. Soda producers are specifically focusing on CBD
because of the consumer shifts from sugary drinks to more functional
options. Regardless of the market type, Canaccord expects both the THC
and CBD-based beverage markets in the U.S. to experience growth, as by
2022, Canaccord expects the demand for CBD beverages to reach USD 260
Million, while THC beverages are projected to reach USD 34 Million.
“Interest has spiked from the beer industry on mounting evidence of a
substitution relationship between cannabis and alcohol, while large soda
companies increasingly view CBD as a natural fit within their
strategically important wellness offerings,” Burleson wrote.
