Agoracom Blog

North Bud Farms $NBUD.ca Signs Binding Letter of Intent to Acquire Nevada Botanical Science $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca

Posted by AGORACOM-JC at 12:14 PM on Tuesday, June 25th, 2019
Northbud large
  • Entered into a binding letter of intent, effective June 23, 2019, to acquire all of the issued and outstanding securities of Nevada Botanical Science, Inc.
  • Transaction valued at USD$7 million
  • Located in Reno, Nevada
  • Medical and adult use licenses for cultivation extraction and distribution.
  • NBS currently operates a 5,000 sq. ft. indoor cultivation facility and have been approved for expansion of up to 100,000 sq. ft.

TORONTO, June 25, 2019 — North Bud Farms Inc. (CSE: NBUD) (OTCQB: NOBDF) (“NORTHBUD” or the “Company”) is pleased to announce that it has entered into a binding letter of intent (“LOI”), effective June 23, 2019, to acquire all of the issued and outstanding securities of Nevada Botanical Science, Inc. (“NBS”) in a transaction valued at USD$7 million.        

Nevada Botanical Science is located in Reno, Nevada. They hold medical and adult use licenses for cultivation extraction and distribution. NBS’ operation is located on 3.2 acres of land within the Reno green zone industrial park. NBS currently operates a 5,000 sq. ft. indoor cultivation facility and have been approved for expansion of up to 100,000 sq. ft. The property also houses an extraction facility and commercial kitchen capable of manufacturing beverages and edibles. Operated by healthcare professionals, NBS has been primarily focused on the cultivation and manufacturing of medical cannabis products. NBS currently manufactures and sells award winning* (Jack Herer Cup 2018) topical pain creams, balms and lotions under the Trichomic brand.

“We are very excited to have the opportunity to enter the Nevada market,” said Ryan Brown, CEO of NORTHBUD. “The Nevada market is considered one of the best markets in America with recreational sales of USD$580 million in the first full year of legalization* (2017 Nevada Dept. of Taxation). Assuming the successful closing of the proposed transaction with NBS and our previously announced transactions with Eureka Vapor and Tanforan Ventures, we are building an excellent platform in the 3 largest markets in the United States on which to build our brand focused strategy.”

“The NBS team is pleased to be entering into this agreement with NORTHBUD, as we believe that NORTHBUD and its brands will be a perfect addition to our existing medical business and allow us to capitalize on the Nevada recreational market,” said Robert Dalrymple, MD., CEO of Nevada Botanical Science.
                                   
Transaction Terms
The proposed transaction (the “Transaction”) is currently structured as a share purchase agreement whereby in exchange for the purchase of all of the securities of NBS, NORTHBUD will pay USD$6M in cash and issue USD$1M in common shares (“Common Shares”) to the shareholders of Nevada Botanical Science (the “NBS Shareholders”) with the price per Common Share to be determined based on a formula of the higher of (a) CAD$0.35 per Common Share and (b) the 30-day volume weighted average price (“VWAP”) calculated on the closing date (the “Closing Date”) of a definitive agreement in respect of the Transaction (the “Definitive Agreement”). In addition, NORTHBUD has agreed to loan up to USD$500,000 under a promissory note to NBS while the companies work towards a definitive agreement. Specific terms of the promissory note are not yet determined, however any amounts loaned to NBS under the promissory note will be fully refundable and may be converted into equity in NBS, at the option of NORTHBUD, in the event that the transaction is not completed. NORTHBUD and NBS Shareholders expect to enter into the Definitive Agreement on or before October 1, 2019.

The Transaction is a significant acquisition but will not result in a “Fundamental Change” pursuant to the policies of the Canadian Securities Exchange (“CSE”). Financial information on NBS will be disclosed following receipt of audited financial statements in connection with the Company’s due diligence. NORTHBUD will be preparing the necessary corporate and securities filings in order to secure the required approvals for the Transaction.

NORTHBUD has agreed to pay up USD$280,000 in broker/finder fees to arm’s length parties in connection with the closing of the Transaction.

The closing of the Transaction is conditional on the receipt by the parties of applicable corporate and regulatory approvals including that of the CSE.

While the proposed transactions involving NBS, Tanforan Ventures and Eureka Vapor are complementary, they are independent and the Company may ultimately proceed to close one, two, all or none of the proposed transactions, depending on market conditions and regulatory requirements.

About Nevada Botanical Science, Inc.
Founded by a group of northern Nevada physicians and healthcare professionals who believe in the promise of medical cannabis, Nevada Botanical Science has developed a world class cannabis production, research and development facility in Reno’s Washoe County. Its work and commitment are fully in compliance with the Hippocratic Oath as well as Nevada statute. Nevada Botanical Science is dedicated to ensuring the highest measure of safety, governance and stewardship for its patients, employees and the community it serves.

For more information visit: www.nevadabotanicalscience.com

About North Bud Farms Inc.
North Bud Farms Inc., through its wholly owned subsidiary GrowPros MMP Inc., is pursuing a licence under The Cannabis Act.  The Company is constructing a state-of-the-art purpose-built cannabis production facility located on 95 acres of Agricultural Land in Low, Quebec. North Bud Farms Inc. has entered into agreements to acquire assets in California, Colorado and Nevada.

For more information visit: www.northbud.com

Neither the Canadian Securities Exchange (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 included in this press release constitute forward-looking information or statements (collectively, “forward-looking statements”), including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward- looking statements including those relating to the entering into of the Definitive Agreement, closing of the Transaction and associated approvals, Nevada Botanical Science’s ability to achieve milestones under the Definitive Agreement and associated Common Share issuances. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors. Such risks and uncertainties include, among others, the risk factors included in North Bud Farms Inc.’s final long form prospectus dated August 21, 2018 which is available under the issuer’s SEDAR profile at www.sedar.com. 

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
North Bud Farms Inc.
Edward Miller
VP, IR & Communications
Office: (855) 628-3420 ext. 3
[email protected]

Tags: , , , , , ,
Posted in All Recent Posts, Featured, North Bud Farms Inc | Comments Off on North Bud Farms $NBUD.ca Signs Binding Letter of Intent to Acquire Nevada Botanical Science $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca

New Age Metals Inc. $NAM.ca – China’s breaking up the #EV #battery monopoly it carefully created $LIC.ca $LIX.ca $LI.ca $ELR.ca $ATL.ca

Posted by AGORACOM-JC at 10:52 AM on Tuesday, June 25th, 2019

SPONSOR: New Age Metals Inc. The company’s Lithium Division has already made significant acquisitions in Canada and the USA. The company also 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 in the Inferred. Learn More.

NAM: TSX-V

———————

China’s breaking up the EV battery monopoly it carefully created

By Echo Huang

As China phases out subsidies for electric vehicles next year, it’s also ending a related policy that effectively shut out foreign battery makers, creating the domestic monopoly we see today.

China’s Ministry of Industry and Information Technology (MIIT) announced yesterday (June 25, link in Chinese) it is dropping its practice of publishing lists of battery makers that met technical standards. The policy, put in place in 2015, was meant to help develop the industry. Supplying the information to get on the list was supposedly voluntary (link in Chinese), but in reality, using the batteries on the ministry’s lists made it more likely car makers would qualify for government subsidies. As of 2016, the last time the list was updated, it included a total of 57 companies—none of them foreign firms.

As a result, the top 10 battery makers powering the world’s largest EV market are all Chinese (link in Chinese), according to 2018 data from the China Battery Industry Association. That means China dominates the value-added chain for domestically made electric vehicles, since batteries contribute 40% of the cost of an EV—quite a contrast to the value added when China assembles an iPhone.

Financial newspaper Economic Observer noted (link in Chinese) in April last year that Chinese car makers made their component decisions from the lists, while local governments and investment firms also consulted them. “Associated with subsidies, these became known as the ‘white lists,’” the newspaper said.

The lists included CATL, the world’s largest EV battery maker (Quartz membership), which supplies Chinese and foreign carmakers that include state-owned BJEV, one of the country’s biggest manufacturers, Volkswagen, Daimler, BMW, Honda, and Shanghai-based startu NIO. The world’s biggest EV manufacturer, BYD, is also the country’s second-biggest battery supplier, since it makes the batteries for its own electric cars—last year it sold some 100,000 of them. Both BYD and CATL could supply batteries to Toyota cars soon. In third place is Guoxuan High Tech, a major supplier to state-owned carmaker BAIC Motor, the parent company of BJEV.

This situation isn’t the case everywhere. Tesla, the biggest US EV firm, gets its batteries from Japanese electronic firm Panasonic, France’s Renault sources the batteries for its ZOE electric vehicle from South Korea’s LG Chem.

Taking away the lists could benefit established foreign battery makers. “It’s a gesture of China opening up, along with pressure from G20 and trade,” says Qiu Kaijun, who runs an EV news blog (Quartz membership). Chinese president Xi Jinping is set to discuss US-China trade tensions with US president Donald Trump on the sidelines of the G20 meeting of leaders of top economies, which begins in Japan Friday.

Before the policy was put in place, when China’s EV market was starting to take off, foreign firms like LG and fellow South Korean major Samsung were about to expand (link in Chinese) in China. In 2015, LG had opened a battery factory in China’s eastern city Nanjing that could supply to more than 100,000 EVs (link in Chinese), yet it never got on the white list and the factory ended up being sold to Zhejiang-based carmaker Geely in 2017 (link in Chinese).

“Earlier, all the subsidies went to those using Chinese EV batteries—if you use LG and Samsung, you won’t get subsidies,” said Angus Chan, a Shanghai-based auto analyst at Bocom International, “When 2020 comes, it will be free-market competition. It’s straightforward for carmakers—energy density, safety, and price… Everybody is on the same racing starting point in the post-subsidy era.”

China began reducing its massive subsidies two years ago, and will move to a credit system next year.

The scrapping of the battery lists comes at a time when China has rolled out the welcome mat for foreign EV firms in other ways. China last year said it would phase out foreign investment limits for car manufacturing, a rule that earlier made it impossible for foreign car makers to set up shop in China without a local partner. That reform began with manufacturers of electric vehicles, allowing Tesla to become the first foreign car maker with a wholly-owned plant in China. Located in Shanghai, it is taking orders for the first made-in-China Teslas, which are expected to roll out in the next six months.

Other new rules limiting the number of new factories in a province mean Tesla’s factory has put a spanner in the works for local manufacturers who were also hoping to set up near one of the country’s most important cities for EV sales. It’s clear China’s EV industry is going to put under greater pressure as a result of these moves—which could improve their technologies, or kill off some of the weaker firms.

Already, CATL is looking beyond China, setting up offices in France, Canada, Japan, and Germany (Quartz membership).

“What happens after the typhoon passes?” asked Zeng Yuqun, CATL’s founder, in an internal email (link in Chinese) in 2017. “Can a pig really fly?”

He was referring to a Chinese allegory—“When the typhoon comes, the pig will fly”—comparing the government subsidies to strong winds lifting the company’s fortunes, and warning of a possible heavy landing once those winds die down.

Looking for more in-depth coverage? Sign up to become a member and read more in-depth coverage of China’s electric-car boom in our field guide.

Source: https://qz.com/1651944/china-ends-policy-steering-ev-makers-to-local-battery-firms/

Tags: , , , , , , , ,
Posted in All Recent Posts, New Age Metals | Comments Off on New Age Metals Inc. $NAM.ca – China’s breaking up the #EV #battery monopoly it carefully created $LIC.ca $LIX.ca $LI.ca $ELR.ca $ATL.ca

ThreeD Capital Inc. $IDK.ca – #TechCrunch Founder Sells $1.6 Million House on #Crypto Real Estate Platform $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 9:49 AM on Tuesday, June 25th, 2019

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

Idk large
——————-

TechCrunch Founder Sells $1.6 Million House on Crypto Real Estate Platform

  • Propy, a blockchain based real estate platform, announced the sale of a $1.6 million San Francisco property owned by the venture capital fund CrunchFund, co-founded by Michael Arrington.
  • Announcement follows news of Propy’s highest cost transaction to date, a $2.4 million duplex in San Francisco, completed entirely on the platform.

Daniel Kuhn

Propy, a blockchain based real estate platform, announced the sale of a $1.6 million San Francisco property owned by the venture capital fund CrunchFund, co-founded by Michael Arrington.

The announcement follows news of Propy’s highest cost transaction to date, a $2.4 million duplex in San Francisco, completed entirely on the platform.

Propy is a real-estate transaction platform that empowers buyers, sellers, their agents, and escrow agents to close a traditional real estate deal entirely online. The purchase offer, payment and deeds are uploaded to an immutable blockchain.

“The traditional real estate sale process is arduous and broken. Buyers, sellers, and their professional support struggle with overly complex interactions – it’s an opaque, dated, and unnecessarily lengthy process, full of risks such as wire fraud,” said Arrington, founder of TechCrunch, whose most recent venture is into blockchain capital investments and management with his $100m firm, Arrington XRP Capital.

“When it comes to expensive property or other expensive goods, these normally already have digital presentation of ownership, that’s why blockchain is applicable to space,” said CEO Natalia Karayaneva. “Blockchain’s main implications, after [virtual] money, is as a technology that enables ownership transfers… it aligns the entire process of any value transfer including real estate.”

Propy completed its first deal in 2017, and its first US transaction in Vermont 12 months ago. Worldwide, they have assisted in some form in over 60 real estate transfers. This includes auctioning a 17th century Italian mansion and UNESCO site on its blockchain.

The median price of a house sold on its platform is around $1.5 million, said Karayaneva, though the value of the houses is steadily increasing. About 20 realtors have closed deals on the platform, though 3,000 have signed up.

Karayaneva believes in two or three years the majority of real estate transactions will be entirely digitized. The company is working with county governments to provide technology that automatically and immediately reports the transfer of title deeds.

“We don’t want to work against them. Either we help them or will eliminate them,” she said.

The venture capital arm of the U.S. National Association of Realtors (NAR) recently invested an undisclosed amount in Propy via its REACH accelerator program. The company also raised $15.5 million via an initial coin offering in 2017.

Arrington previously purchased a $60,000 apartment in Kiev through Propy, using ethereum and smart contracts to settle the deal.

Source: https://www.coindesk.com/techcrunch-founder-sells-1-6-million-house-on-blockchain-real-estate-platform

Tags: , , , , , ,
Posted in Blockchain stocks, Canadian Blockchain Stocks, Smallcap Blockchain stocks, ThreeD, ThreeD Capital | Comments Off on ThreeD Capital Inc. $IDK.ca – #TechCrunch Founder Sells $1.6 Million House on #Crypto Real Estate Platform $HIVE.ca $BLOC.ca $CODE.ca

#Luminosity Gaming Expands into #Ubisoft’s Rainbow Six Siege #Esports League with Signing of First-Place Team $EPY.ca $FDM.ca $WINR $TCEHF $ATVI $TNA.ca

Posted by AGORACOM-JC at 8:22 AM on Tuesday, June 25th, 2019
Images
  • Announced that Luminosity Gaming, one of the largest and most successful esports organizations in North America, has officially entered the popular Ubisoft video game title, Rainbow Six Siege.
  • Luminosity has signed “92 Dream Team,” the current first-place team in the North American division of the Rainbow Six Pro League. 
  • Rainbow Six Pro League is the most prestigious R6S competition in the world, featuring the best teams from North America, South America, Europe and APAC competing in their respective regions

TORONTO, June 25, 2019 — Enthusiast Gaming Holdings Inc. (TSXV: EGLX) (OTCQB: EGHIF), (“Enthusiast” or the “Company”), a gaming company building the largest community of authentic gamers, is pleased to announce that Luminosity Gaming (“Luminosity”), one of the largest and most successful esports organizations in North America, has officially entered the popular Ubisoft video game title, Rainbow Six Siege. Luminosity has signed “92 Dream Team,” the current first-place team in the North American division of the Rainbow Six Pro League. 

Rainbow Six Pro League is the most prestigious R6S competition in the world, featuring the best teams from North America, South America, Europe and APAC competing in their respective regions. Competing among teams like FaZe Clan, Team SoloMid, Team Liquid and more, the 92 Dream Team, now competing for Luminosity Gaming, currently sits in first place in the North American division.

The announcement aligns well with Enthusiast’s recent partnership with Ubisoft Canada to host the Rainbow Six Canada Nationals and bring the Ubisoft show floor activation to Enthusiast Gaming Live Expo (EGLX) in October 2019. Presented by Ubisoft Canada and powered by Enthusiast, the Rainbow Six Canada Nationals will kick off in June 2019 and conclude in a live finals at EGLX 2019 on October 20, downtown Toronto at the Metro Toronto Convention Centre.

Menashe Kestenbaum, CEO of Enthusiast commented, “We continue to realize synergies between Enthusiast and Luminosity which will be beneficial for the growth and success of the merged entity. The ability to attract top talent and leverage partnerships across the entire network will help increase reach and monetization opportunities.” He continued, “We look forward to working with the Luminosity team on future synergies for growth across our online platform and various events including EGLX this fall.”

The team consists of Muteeb “Pixel” Chaduary, Tom “Tomas” Kaka, Richie “Rexen” Coronado, Kian “Hyena” Mozayani and Coal “awD” Phillips and is coached by ViiRus.

“We’ve been very impressed by the development of the R6S Pro League,” said Steve Maida, President of Luminosity Gaming. “Not only with the viewership, but with the approach Ubisoft has taken to creating a healthy and stable esport. The ecosystem is one that supports healthy growth for players and organizations alike. We couldn’t have asked for a better team with which to enter the scene. 92 Dream Team are an amazing group of young men who have been able to achieve success while previously balancing day jobs and a lack of resources. We’re excited to watch them soar under the Luminosity banner.”

On May 31, 2019, Enthusiast announced a merger with Luminosity and Aquilini GameCo., to create the largest vertically integrated gaming and esports company in the world.  The merger includes seven esports teams in various gaming titles (including management of the Vancouver Titans Overwatch League franchise), 40 esports and gaming influencers, over 80 gaming media websites, and 900 YouTube and Twitch channels, with an online reach of approximately 200 million. 

About Luminosity Gaming

Luminosity Gaming is a North American professional esports organization. It was founded in Canada in 2015 by Steve Maida with the goal of enabling aspiring competitive gamers to ultimately create sustainable careers. The company now hosts some of the best professional gamers in the world. Luminosity has teams and championships in game titles such as Fortnite, Counter Strike, Call of Duty, Overwatch, Rainbow Six Siege, Smite, Madden and more. Luminosity scouts and hires players and teams who compete on the company’s behalf in tournaments online and in arenas around the world for prize money. Through those efforts, Luminosity has grown to be one of the largest and most successful esports organizations not only in North America but in the world. 

About Enthusiast Gaming

Founded in 2014, Enthusiast Gaming is the largest vertically integrated video game company and has the fastest-growing online community of video gamers. Through the Company’s organic and acquisition strategy, it has amassed a platform of over 150 million monthly visitors across its network of websites and YouTube channels. Enthusiast also owns and operates Canada’s largest gaming expo, Enthusiast Gaming Live Expo, EGLX, (eglx.ca) with approximately 55,000 people attending in 2018. For more information on the Company, visit www.enthusiastgaming.com.

CONTACT INFORMATION:

Investor Relations:
Julia Becker
Head of Investor Relations & Marketing
[email protected]
(604) 785.0850

This news release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments, performance or achievements that Enthusiast anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking information. Such information may involve, but is not limited to, comments with respect to strategies, expectations, planned operations and future actions of the Company. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of Enthusiast to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to Enthusiast, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs regarding future growth, results of operations, future capital (including the amount, nature and sources of funding thereof) and expenditures. Any and all forward-looking information contained in this press release is expressly qualified by this cautionary statement. Trading in the securities of the Company should be considered highly speculative.

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.

 The securities of the Corporation have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Tags: , , , , , , , ,
Posted in Enthusiast Gaming Holdings Inc. | Comments Off on #Luminosity Gaming Expands into #Ubisoft’s Rainbow Six Siege #Esports League with Signing of First-Place Team $EPY.ca $FDM.ca $WINR $TCEHF $ATVI $TNA.ca

Bougainville Ventures $BOG.ca Begins Planting its Oregon #Hemp Farm & Begins Construction of Drying Facility $CROP.ca $VP.ca NF.ca $MCOA

Posted by AGORACOM-JC at 7:09 AM on Tuesday, June 25th, 2019
681747 5720 copy 2
  • Signed definitive agreement that completed the acquisition of Worm Castings Transaction, management is pleased to announce that the 10 acre hemp farm is currently being planted. 
  • The hemp farm in Oregon has a crew of 20 persons planting 28,000 plants and finalizing the laying of mulch and drip lines that will be completed by the end of the week.

VANCOUVER, British Columbia, June 25, 2019 – BOUGAINVILLE VENTURES INC. (“Bougainville” or the “Company”) (CSE: BOG) (8BV-FF:Frankfurt Stock Exchange) – Further to the Company’s news release dated May 23, 2019, announcing the signed definitive agreement that completed the acquisition of Worm Castings Transaction, management is pleased to announce that the 10 acre hemp farm is currently being planted. 

Worm Castings is the owner of a Oregon State Hemp production and processing license, issued by the Oregon State Regulatory approval board. The hemp farm in Oregon has a crew of 20 persons planting 28,000 plants and finalizing the laying of mulch and drip lines that will be completed by the end of the week. The genetics being used are premium high quality cloned hemp plants with 10-15% CBD and 0.3% THC resulting in maximized CBD oil content within each plant. In addition, all plants grown on the farm will be pesticide and chemical free with a proven top soil mix that will increase plant growth by 20%.

Worm Casting anticipates building its 5,000 sq. ft. facility with a full spectrum of extract equipment, for distillate and isolate as the key end ingredient. The processing plant is expected to be operational by fourth quarter of this year. The foundation for the drying facility has been built and management is in contact with all parties involved in setting up the drying and lab equipment.

Bougainville believes that Worm Castings state-of-the-art future facility combined with its experienced management team will grow its hemp business significantly in 2019. Management will be considering a name change from Worm Casting Farms Inc., to better reflects its hemp CBD processing facility. Also, subject to board approval the Company plans to invest up to USD$1,000,000 to expand the capacity of the infrastructure, and working capital.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5e82548b-931e-44fb-8b68-8846f5e529f0

Andy Jagpal, President, Comments:
“This is an exciting time for our Company as we are almost done planting for our 2019 hemp season. Once the construction of our drying facility and processing plant is completed partnership with other local farmers can begin. By processing not only our crop but others as well, we can maximize profits and financial returns for our shareholders. Also, we have yet to process the 15,000lbs of un-dried hemp biomass from last year’s harvest, which has an estimated value of $300,000 USD once processed.”

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.

More pictures of the planting process and construction of the processing facility can be viewed at:
http://bougainvilleinc.com/ 

https://twitter.com/bougainvilleinc

On behalf of the Board of Directors 
BOUGAINVILLE VENTURES INC.

Andy Jagpal, CEO 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.

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.

Oregon Hemp Farm

Tags: , , , , , ,
Posted in Bougainville Ventures | Comments Off on Bougainville Ventures $BOG.ca Begins Planting its Oregon #Hemp Farm & Begins Construction of Drying Facility $CROP.ca $VP.ca NF.ca $MCOA

Bougainville Ventures Inc $BOG.ca – Ontario #cannabis sales more than doubled after stores started to open #weed $CROP.ca $VP.ca NF.ca $MCOA

Posted by AGORACOM-JC at 9:00 PM on Monday, June 24th, 2019
SPONSOR:  Bougainville Ventures Inc (CSE: BOG) Converting irrigated farmland to greenhouse-equipped farmland. Bougainville does not “touch the plant” and only provides agricultural infrastructure as a landlord for licensed marijuana growers. Click here for more info.
BOG:CSE
—————————————

Ontario cannabis sales more than doubled after stores started to open

  • Under the online system, sales ranged between $7 million and $8 million a month.
  • With even a few stores opening, that number quickly soared, reaching $19.6 million for April.

Legal cannabis sales more than doubled in Ontario in April, after stores started to open, data released Friday by Statistics Canada shows.

Ontario was the only province to only offer online cannabis sales until April 1, when a handful of stores opened.

Under the online system, sales ranged between $7 million and $8 million a month. With even a few stores opening, that number quickly soared, reaching $19.6 million for April.

On a per capita basis, Ontarians spent between 50 and 60 cents a month on legal cannabis from December through March, but $1.36 in April.

That still puts Ontario’s per capita cannabis sales at the second-lowest in Canada (in terms of dollars spent, Ontario sales are now Canada’s highest, passing Quebec and Alberta in April).

Ontario had a much slower rollout of legal stores than other provinces. The previous Liberal government had planned for a network of government-run stores similar to the province’s liquor store network. That plan had made some progress before an incoming PC government changed plans to one based on privately owned stores with the owners selected by lottery.

The first of a group of 25 stores opened in April, though not all of those who won the lottery were in a position to open on April 1.

Canadians happily buy clothes, books and diapers online. But as the sales figures show, they strongly prefer to buy weed in person at stores — and if they can’t, they keep their money in their pockets.

Why is that?

Experts we talked to said it’s important to people to be able to see and smell the product. And new or returning users may want to get advice and information from a real person at a store.

“People want to be able to understand, from people they can trust, how this is going to taste and feel, and how it will make them feel.” said Deepak Anand, CEO of Materia Ventures, a cannabis supply and distribution company.

But one of the most important things was the ability to use cash.

“You have to share your ID in a store, but one you’ve done that, there’s no record of you having been there,” said Brock University business professor Michael Armstrong. “You could pay in cash and walk out the door with your plain paper bag.”

A majority of Canadian cannabis consumers fear their use, legal or not, will cause them problems crossing the U.S. border.

In December, the federal privacy commissioner urged Canadians to buy their weed with cash if that concerned them.

“The personal information of cannabis users is … very sensitive,” the statement said. “For example, some countries may deny entry to individuals if they know they have purchased cannabis, even lawfully.”

Source: https://globalnews.ca/news/5424432/ontario-cannabis-sales-stores-open/

Tags: , , , , , ,
Posted in All Recent Posts, Bougainville Ventures | Comments Off on Bougainville Ventures Inc $BOG.ca – Ontario #cannabis sales more than doubled after stores started to open #weed $CROP.ca $VP.ca NF.ca $MCOA

CLIENT FEATURE: Vertical Exploration $VERT.ca – Developing the St. Onge Wollastonite deposit for the Cannabis Industry $TORR.ca $FA.ca $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca

Posted by AGORACOM at 3:10 PM on Monday, June 24th, 2019

WOLLASTONITE

  • St-Onge-Wollastonite Deposit located approximately 90 kilometres Northwest of the city of Saguenay, in St-Onge township, in the Saguenay-Lac-St-Jean region of Quebec, Canada.
  • Wollastonite is a calcium inosilicate mineral that may contain small amounts of iron, magnesium, and manganese substituting for calcium
  • Research and testing in the Phase 1 program for use in cannabis growth was managed and monitored by AGRINOVA, a highly-regarded Center for Research and Innovation in Agriculture in Quebec

St-Onge-Wollastonite Deposit:

Utilizing Wollastonite as A Soil Additive

  • Vertical is researching the use of Wollastonite as a soil additive for optimizing marijuana growth
  • Phase Three trials involving cannabis grown with wollastonite (CaSiO3) as a soil additive at BC Bud Depot’s (BCBD) ACMPR-licenced Research and Development facilities in Vancouver, BC
  • Phase Three trials measured and recorded significant improvements in root mass, powdery mildew control and pest elimination.
  • In every case the most optimal results occurred with an admixture rate of 10% to 15% wollastonite to the growth medium

Hub on Agoracom

FULL DISCLOSURE: Vertical Exploration is an advertising client of AGORA Internet Relations Corp.

Tags: , , , , , , , , ,
Posted in Vertical Exploration Inc | Comments Off on CLIENT FEATURE: Vertical Exploration $VERT.ca – Developing the St. Onge Wollastonite deposit for the Cannabis Industry $TORR.ca $FA.ca $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca

Enthusiast Gaming $EGLX.ca Partners With MSI, a World Leader in Gaming Hardware, to Be Prize Sponsor for EGLX Drop-In Tournaments $EPY.ca $FDM.ca $WINR $TCEHF $ATVI $TNA.ca

Posted by AGORACOM-JC at 10:05 AM on Monday, June 24th, 2019
  • Enthusiast Gaming Live Inc. it has partnered with MSI to be a prize sponsor at Enthusiast Gaming Live Expo in October 2019
  • MSI is a world leading gaming brand, and one of the most trusted hardware providers in gaming and esports.
  • Additional to being a prize sponsor, MSI will also bring an activation to the show floor during the three day expo.

TORONTO, June 24, 2019 — Enthusiast Gaming Holdings Inc. (TSXV: EGLX) (OTCQB: EGHIF), (“Enthusiast” or the “Company”), the largest publicly traded video game media and esports company in North America, is excited to announce that through its subsidiary, Enthusiast Gaming Live Inc. (“EGLive”) it has partnered with MSI to be a prize sponsor at Enthusiast Gaming Live Expo (“EGLX”) in October 2019. MSI is a world leading gaming brand, and one of the most trusted hardware providers in gaming and esports. Additional to being a prize sponsor, MSI will also bring an activation to the show floor during the three day expo.

Melanie Azagury, Manager, EGLX, commented, “As EGLX continues to grow, we continue to engage and partner with the leading brands in the industry. Our goal at EGLX is to provide the best in-person experience for our gaming communities, fans, and competitors, and the partnership with MSI enables us to include the most sought-after gaming hardware to our growing prize pools.”

EGLX will be hosting a number of smaller sub tournaments throughout the expo including popular games such as Fortnite, Apex Legends and Super Smash Brothers. These drop-in tournaments will allow the general attendees to compete with other players and the tournament champions will receive various cash and MSI prizes such as, MSI gaming chairs, personal computers, monitors and laptops. MSI will also be showcasing their latest products in their activation booth.  

Marketing Manager, MSI, Julia Chen added, “EGLX is one of the best Canadian destinations for gamers and players to have the ultimate gaming experience and MSI is thrilled to be a part of it. We are excited to showcase our new products as well as a prize partner at EGLX 2019. Our portfolio could not align more with these communities of lifestyle gamers, It’s an excellent fit for us.”

Tickets to EGLX 2019 will be on sale this summer. More information can be found at eglx.ca. To learn more about sponsorship or exhibit space at EGLX 2019, reach out to [email protected].

About Enthusiast Gaming

Founded in 2014, Enthusiast Gaming is the largest vertically integrated video game company and has the fastest-growing online community of video gamers. Through the Company’s organic and acquisition strategy, it has amassed a platform of over 150 million monthly visitors across its network of websites and YouTube channels. Enthusiast also owns and operates Canada’s largest gaming expo, Enthusiast Gaming Live Expo, EGLX, (eglx.ca) with approximately 55,000 people attending in 2018. For more information on the Company, visit www.enthusiastgaming.com.

CONTACT INFORMATION:

Investor Relations:
Julia Becker
Head of Investor Relations & Marketing
[email protected]
(604) 785.0850

This news release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments, performance or achievements that Enthusiast anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking information. Such information may involve, but is not limited to, comments with respect to strategies, expectations, planned operations and future actions of the Company. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of Enthusiast to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to Enthusiast, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs regarding future growth, results of operations, future capital (including the amount, nature and sources of funding thereof) and expenditures. Any and all forward-looking information contained in this press release is expressly qualified by this cautionary statement. Trading in the securities of the Company should be considered highly speculative.

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.

The securities of the Corporation have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Tags: , , , , , , , ,
Posted in Enthusiast Gaming Holdings Inc. | Comments Off on Enthusiast Gaming $EGLX.ca Partners With MSI, a World Leader in Gaming Hardware, to Be Prize Sponsor for EGLX Drop-In Tournaments $EPY.ca $FDM.ca $WINR $TCEHF $ATVI $TNA.ca

BetterU Education Corp. $BTRU.ca – Edtech companies to draw in $500 million in VC, PE funding in 2019 $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 10:00 AM on Monday, June 24th, 2019
SPONSOR:  Betteru Education Corp. Connecting global leading educators to the mass population of India. BetterU Education has ability to reach 100 MILLION potential learners each week. Click here for more information.
BTRU: TSX-V

————————

Edtech companies to draw in $500 million in VC, PE funding in 2019

  • Educational technology companies are likely to attract $500 million in venture capital and private equity funding this year, experts say, as the untapped market for online learning gives enough room for these companies to scale up.

By inventiva

Educational technology companies are likely to attract $500 million in venture capital and private equity funding this year, experts say, as the untapped market for online learning gives enough room for these companies to scale up.

Ed-tech companies, dominated by players such as Byju’s, Upgrad, Toppr, Extramarks and Simplilearn, have attracted more than $1billion in investment over the last two years.

These companies, along with Unacademy, CueMath, Meritnation, Imarticus and Vedantu, have not only made significant headway in expanding footprint in India but are also eyeing the overseas market. A bunch of companies from this list is further looking to raise more investments from VCs and PEs.

“Almost $1billion was invested in 2018 alone, with Byju’s taking the lion’s share of about $500 million, followed by Embibe receiving about $180 million,” said Amitabh Jhingan, partner, EY-Parthenon. “Based on the observed flow in edtech, we can expect $0.5-0.75 billion to be invested in the coming year.”

Byju’s, one of the big ones in this space, is also hungry for more capital. “We will raise more funds, if needed, for expansion,” said Mrinal Mohit, ITS chief operating officer, adding that Byju’s is looking to become a leading ed-tech player globally. Vedantu received $11million in its last round from Accel Partners, Tiger Global, Omidyar Networks and TAL. “We will be using the funds to scale our business and are open to funding,” CEO Vamsi Krishna said.

The ed-tech industry is expected to touch about $2 billion in India by 2021, industry trackers said. “PE/VC funds continue to be interested across sub-segments of the space (K-12, reskilling and upskilling, test preps, etc). India is an underpenetrated market in the ed-tech space and is ripe for disruption,” said Ankur Pahwa, Partner and National Leader, e-commerce and consumer internet, EY India. “India is no doubt set to be one of the leading players in the global ed-tech space with innovation taking centre-stage.

Source: https://www.inventiva.co.in/2019/06/22/edtech-companies-to-draw-in-500-million-in-vc-pe-funding-in-2019/

Tags: , , , , , ,
Posted in All Recent Posts, betterU Education Corp | Comments Off on BetterU Education Corp. $BTRU.ca – Edtech companies to draw in $500 million in VC, PE funding in 2019 $ARCL $CPLA $BPI $FC.ca

CLIENT FEATURE: Gratomic’s Graphene Sales Agreement a Precursor to Commercialization $GRAT.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM at 9:45 AM on Monday, June 24th, 2019
https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564608/hub/Gratomic_large_new.jpg
Gratomic is a leader in the mining and commercialization of graphite products
  • The global tire market acknowledges that employing graphenes within tire treads, walls and the inner linings can make tires lighter, provide better grip and reduce rolling resistance to an extent that is not possible with existing tire compounds
  • Key to the ability for Gratomic to establish the first mass-market Mine to Graphene to Tire, is the production of large quantities of graphenes nano surface modified to enhance tire performance
  • Gratomic is developing and commercializing its Graphene Processing capacity in Wales through its partnership with Perpetuus carbon technologies.
  • Soft launching Gratomic Fuel Efficient Tire in the summer.
  • Gratomic has recently prepared an additional 2 tonnes of Graphite concentrate which it will be shipping to wales in the coming days for converting into high quality Graphenes targeted for the use and development of several high value Graphene applications.
https://i.ibb.co/tDdGRFG/GRAT.jpg
https://i.ibb.co/xjyfvZt/Grat2.jpg

About Gratomic Inc.

Gratomic is an advanced material company focused on mine to market commercialization of graphite products, most notably high-value graphene-based components for a range of mass market products.

Gratomic Hub on Agoracom

FULL DISCLOSURE: Gratomic is an advertising client of AGORA Internet Relations Corp.

Tags: , , , , , , , , ,
Posted in AGORACOM Client Feature, Gratomic | Comments Off on CLIENT FEATURE: Gratomic’s Graphene Sales Agreement a Precursor to Commercialization $GRAT.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

« Older Entries
Newer Entries »