Agoracom Blog

Kuuhubb $KUU.ca Reports Third Quarter Financial Results, Revenue increased to US$6,671,448 during the quarter #Mobile #Esports #Incolour

Posted by AGORACOM-JC at 8:09 PM on Wednesday, May 30th, 2018

Kuihub large

  • Revenue increased to US$6,671,448 during the three months ended March 31, 2018,
    • represents an increase of 5%

TORONTO, May 30, 2018 — Kuuhubb Inc. (“Kuuhubb” or the “Company”) (TSX-V:KUU) is pleased to announce its unaudited financial results for the three and nine month periods ended March 31, 2018.  The Company’s unaudited interim consolidated financial statements as at and for the three and nine months ended March 31, 2018 and related management’s discussion and analysis can be found on the Company’s SEDAR profile at www.sedar.com.  References to “US$” are to United States dollars.  The Company’s financial year end is June 30.

Highlights for the Quarter Ended March 31, 2018:

  • Revenue increased to US$6,671,448 during the three months ended March 31, 2018, which represents an increase of 5% from the US$6,344,947 of revenue earned during the previous quarter ended December 31, 2017.  This revenue was generated from sales of the Recolor app, the in-application sale of virtual goods from the My Hospital game and in-application ad revenue.
  • Net operating loss was US$3,450,060 for the three month period ended March 31, 2018, compared to the net operating loss of US$1,117,089 incurred during the previous quarter ended December 31, 2017.  The net loss during the quarter ended March 31, 2018 includes impairment of goodwill of US$2,456,075, share-based compensation expense of US$835,682, depreciation and amortization of US$203,128 and foreign exchange gain of US$117,985.  The non-GAAP adjusted EBITDA during the three month period ended March 31, 2018 was negative US$73,160, making this period’s adjusted EBITDA a near break-even quarter.
  • The development and launch of the Drone Wars mobile game has been delayed since its acquisition and Kemojo Kuuhubb Studios Inc. (the Company subsidiary holding the Drone Wars game) has ceased operations.  During the three month period ended March 31, 2018, the Company decided to redevelop the game into a multiplayer player versus player (“PvP”) game and plans to launch the game upon successful redevelopment.  Due to the delay and uncertainty of the ultimate outcome of the Drone Wars mobile game, the Company determined to write down US$2,456,075 of goodwill, being the preliminary estimate by management of the amount of goodwill related to the game.
  • The Company had shareholders’ equity of US$23,092,110 as at March 31, 2018, compared to shareholders’ equity of US$12,421,346 as at June 30, 2017.
  • In January 2018, the Company announced that it had signed an agreement with Receptiv, a leading mobile video advertising company, on collaborating to bring new brands to the Recolor digital coloring app.
  • In January 2018, the Company announced that it had signed a term sheet to acquire mobile esports platform developer Valiance UG (the acquisition is subject to the execution of the definitive documentation and receipt of TSX Venture Exchange acceptance).  The Germany-based, Valiance esports platform is designed to support both mobile esports competitors and content creators and provides them with opportunities to monetise their involvement playing their favourite esports titles.  In addition to the esports, Valiance has a development center in Zagreb (Croatia) with 20+ experienced and agile software developers.
  • In March 2018, the Company incorporated Recolor India Private Limited.  This new subsidiary will carry on the business activities of the Incolour App, the Indian version of the Company’s Recolor App, with a local dedicated team of 4 people.  Incolour is a stand-alone coloring community with global access which, through Kwan Entertainment’s contacts, is planned to utilize and work together with various Indian influencers and celebrities.  In comparison to Recolor, it has a new user interface, and culturally relevant content and design.  User experience is built around daily themes geared to stimulate daily engagement.  In May 2018 Google Play India (Android) was launched and is planned to be followed by iOS version.  The global roll-out of Android and iOS is expected to follow during summer 2018.
  • In April 2018, the Company announced that it will be commencing a creative cross-marketing collaboration with a global content leader Lionsgate.  Under the agreement, Kuuhubb will create and market suites of digital coloring tasks around Lionsgate properties through Kuuhubb’s Recolor App, a leader in bringing brands and media properties to the art app universe.  In addition, Lionsgate will support these campaigns by driving traffic through its marketing channels to Recolor.
  • In May 2018, the Company completed the acquisition of the full global rights and revenue to the My Hospital game.  The purchase price of €2.6 million is to be paid in monthly instalments between May 2019 and June 2021.  Additionally, after Kuuhubb has recouped the entire purchase price, Cherrypick Games (the vendor) is entitled to 25% net profit share.  Cherrypick Games will continue the current game development and update efforts until June 2021.

Jouni Keränen, CEO of the Company, stated: “Kuuhubb experienced rapid growth and expansion during calendar year 2017, growing from 5 people to 70 (including Valiance acquisition in pipeline) and from zero revenue to over US$2 million in monthly revenue.  During the first half of calendar year 2018, we are focusing on consolidating the past acquisitions and developing the current product portfolio.  We have 3 commercially launched products (Recolor, Incolour and MyHospital) with an additional 3 products under development and expected to be launched within calendar year 2018.  Recolor continues to be our flagship product and at the center of efforts with geographical expansion, brand partnerships and Android version together with new core product improvements as key success drivers.  Recolor product development was transferred to Zagreb during January to March 2018 to enable tripling the size of the development team and supporting a global suite of coloring products.  This transfer caused a short-term delay in implementation of our growth drivers but the investments are expected to produce results already in the second half of calendar year 2018.  I would like to thank all our employees and partners for outstanding work and our shareholders for patience during the first half of 2018 when we will create the foundation for future growth.”

About Kuuhubb
Kuuhubb is a company active in the digital space that focuses mainly on lifestyle and mobile video game applications.  Its strategy is to create sustainable shareholder value through acquisitions of proven, yet underappreciated, assets with robust long-term growth potential.  Headquartered in Helsinki, Finland, Kuuhubb has a global presence with a strong focus on developing U.S. brand collaborations and Asian partnerships.

Cautionary Note Concerning Forward-Looking Information
This press release contains forward-looking information.  All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements relating to future revenue, products and development and growth of the Company’s business) are forward-looking information.  This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company.  Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company.  Factors that could cause actual results or events to differ materially from current expectations include, among other things, risks related to the growth strategy of the Company, the possibility that results from the Company’s growth and development plans will not be consistent with the Company’s expectations, the early stage of the Company’s development, competition from companies in a number of industries, the ability of the Company to manage expansion and integrate acquisitions into its business, future business development of the Company and the other risks disclosed under the heading “Risk Factors” in the Company’s annual information form dated October 30, 2017 filed on SEDAR at www.sedar.com.  Forward-looking information speaks only as of the date on which it is provided and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise.  Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

Neither 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.

For further information, please contact:

Kuuhubb Inc.
Jouni Keränen – CEO
[email protected]
Office: +358 40 590 0919

Bill Mitoulas
Investor Relations
[email protected]
Office:  +1 (416) 479-9547

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#Gold Market Will Remain Healthy In The Next 30 Years; Investors Won’t Be Disappointed – WGC $AMK.ca $EXS.ca $GZD.ca $GGX.ca $GR.ca $MQR.ca $HPQ.ca

Posted by AGORACOM-JC at 4:56 PM on Wednesday, May 30th, 2018
Wednesday May 30, 2018 09:23

  • While the face of the gold market might change in the next 30 years as technology develops, the asset class and its safe-haven appeal will remain solid
  • Kitco News, John Reade head of market research said that he does not expect gold’s role as an alternative asset and portfolio diversifier to be replaced by another asset like a cryptocurrencies within the next 30 years.

(Kitco News) – While the face of the gold market might change in the next 30 years as technology develops, the asset class and its safe-haven appeal will remain solid, according to the World Gold Council (WGC).

In an exclusive interview with Kitco News, John Reade head of market research said that he does not expect gold’s role as an alternative asset and portfolio diversifier to be replaced by another asset like a cryptocurrencies within the next 30 years. Reade added that it would take a complete disruption of the entire financial marketplace before gold is usurped as a world-class asset.

“The capital market structure as we see it will probably continue,” he said. “Gold is part of the financial system. It is a mainstream financial asset and it too will continue.”

Reade noted that the remaining question is around the venue where gold is traded – whether its traded in over-the-counter markets, through futures contracts or something else. Reade’s comments come as fin-tech firms develop new platforms for gold, including Tradewind, which has created a new digital platform Vaultchain Gold, which allows investors to buy fractional quantiles of gold. While the market is digital, the platform is backed 100% by physical gold, held by the Royal Canadian Mint.

In a WGC report that looks at the gold market all the way up to 2048, Reade said that so far there is no front runner in the digital gold market but there is growing potential.

“If one (or more) is successful, it could be as big a change to the gold markets as the development of ETFs, but with the added advantage of appealing to younger generations too,” he said.

Not only can digital gold markets help to democratize the precious metal, Reade said that they are seeing evolving technology in mobile application space that could be a game-changer for consumers in developing nations.

Reade noted that app-based saving accounts that let people store their savings in gold, is growing in popularity, especially in regions that have an under-developed banking system.

“I think opening up the gold market for investment purposes to the billions of people… who don’t have wide access to financial products is going to be a major development for the market,” he said.

China Will Play An Important Role In Gold And Global Financial Markets

While access to the gold market is expected to enter the digital realm, Reade said that they still expect to see a healthy physical demand, especially as China and India become more prominent players in the global marketplace with its growing middle class.

In his report, Reade said that the WGC expects the Chinese economy to surpass the U.S. and become, with its growing consumer sector, the biggest influence on global markets.

“Our research has shown that as nations become wealthier, consumers spend more money on gold,” he said. “The growth we see out of China is going to be good for gold demand. The U.S.’s loss in dominance will lead to a weaker currency that will also be good for gold.”

However, while, Reade sees potential for the U.S. dollar to lose some influence in the global market, he does not expect the greenback to completely lose its reserve currency status. China’s closed capital markets and currency restrictions make it impossible for the yuan to be a reserve currency, he added.

“If you want to become a reserve currency you have to allow people to hold that currency in size and let them transact freely. Until we get to that stage, there is no way China can take over as the new reserve currency of the world,”

Ultimately, while the market will see ebbs and flows in investor demand, Reade said that the gold market will remain healthy through the next 30 years. Not only will the yellow metal see consistent demand but, Reade added that the WGC’s research shows declining supply through the next 30 years.

“I don’t think people will be disappointed in the gold market 30 years from now,” he said. “You [can’t] take something that has 6,000 years of value and replace it with something new,” he added in his interview.

Source: http://www.kitco.com/news/2018-05-30/Gold-Market-Will-Remain-Healthy-In-The-Next-30-Years-Investors-Won-t-Be-Disappointed-WGC.html

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Posted in All Recent Posts, American Creek Resources Ltd., Explor Resources Inc., GGX Gold Corp., Great Atlantic Resources, Grizzly Discoveries (GZD: TSX-V) | Comments Off on #Gold Market Will Remain Healthy In The Next 30 Years; Investors Won’t Be Disappointed – WGC $AMK.ca $EXS.ca $GZD.ca $GGX.ca $GR.ca $MQR.ca $HPQ.ca

INTERVIEW: Augusta Industries $AAO.ca Discusses Sale of FOX-TEK Canada to Mooncor for up to $21.5M $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 4:05 PM on Wednesday, May 30th, 2018

On May 27th, Augusta Industries had a market capitalization of approximately $6.5 Million.

On May 28th, the Company announced the sale of one of its’ two subsidiaries for up to $21.5 Million consisting of $9,500,000 in common stock of the acquiror (Mooncor) and additional potential royalties of $12,000,000.

Augusta plans to “distribute a portion of the consideration shares to shareholders” and though no official plan is in place, CEO Allen Lone believes it will be in the 25% range. If you do the math, 25% of $9.5M is $2.37M being returned to shareholders. At a market cap of $6.5, that amounts to an approximate 35% return to current shareholders.

Plus, the remaining shares go on the balance sheet of the company and royalty payments could add substantial cash to the company in the coming years. Not bad. Not bad at all.

If that were it, you’d have no reason to watch the interview – but there is more. A lot more with respect to the remaining subsidiary (Marcon) and other plans.

A new page is turning for Augusta and investors both old and new will want to watch what Allen has to say.

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Marijuana Company of America $MCOA and Global Hemp Group $GHG.ca Provide Update on New Brunswick Hemp Project $AERO $CBDS $CGRW $APH.ca $GBLX

Posted by AGORACOM-JC at 8:40 AM on Wednesday, May 30th, 2018

15233 mcoa

  • Planting of the seeds on the first 77 acres will be completed this week
  • Remaining 48 acres will be seeded over the next two weeks, once the farmers receive soil test results for this acreage and are able to determine fertilizer requirements for this year’s cultivation

Escondido, California–(May 30, 2018) – MARIJUANA COMPANY OF AMERICA INC. (OTC Pink: MCOA) (“MCOA” or the “Company“), an innovative hemp and cannabis corporation, is pleased to provide an update on its 125-acre industrial hemp project in northeast New Brunswick with joint venture partner Global Hemp Group Inc. (CSE: GHG) (OTC Pink: GBHPF) (FSE: GHG).

The planting of the seeds on the first 77 acres will be completed this week. The remaining 48 acres will be seeded over the next two weeks, once the farmers receive soil test results for this acreage and are able to determine fertilizer requirements for this year’s cultivation.

The Department of Aquaculture Agriculture and Fisheries (DAAF) will also be conducting fertility trials on reserved plots at participating farms. DAAF will contribute the fertilizers to the project as part of these trials. The trials will be conducted at no cost to the project and are a clear indication of the collaborative relationship that has been established with DAAF.

In addition, there is an organic certification trial underway on an additional two-acre plot at the project. It will take three years to complete the organic certification process for this field. As part of the process, the plot will begin a three-year cultivation rotation of hemp, oats and a green manure crop to be defined at a later date. In three years this plot will produce certified organic CBD and organic oats, a crop with an excellent market.

Project managers are currently evaluating drying equipment that will be required to process the biomass after it is harvested. Drying will prepare the biomass for shipment to processors for extraction of the cannabinoids. Management is in discussions with a number of potential processing partners for this material. A final decision will be made in the coming weeks.

About Marijuana Company of America, Inc.
MCOA is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART™”, that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreations use; and, (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry, as the legalized markets and opportunities in this segment mature and develop.

About Global Hemp Group Inc.
Global Hemp Group Inc. (CSE: GHG) (OTC Pink: GBHPF) (FSE: GHG), is headquartered in Vancouver, British Columbia, Canada, with base operations in Montreal and Los Angeles. The Company is focused on a multi-phased strategy to build a strong presence in the industrial hemp industry in both Canada and the United States. The first phase of this strategy is to develop hemp cultivation with the objective of extracting cannabinoids (CBD, CBG, CBN & CBC) and creating a near term revenue stream that will allow the Company to expand and develop successive phases of the strategy. The second phase of the plan will focus on the development of value-added industrial hemp products utilizing the processing of the whole hemp plant, as envisioned in the Company’s Hemp Agro-Industrial Zone (HAIZ) strategy.

Forward Looking Statements
This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate”, “seek”, intend”, “believe”, “estimate”, “expect”, “project”, “plan”, or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-12G, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.

For more information, please visit the Company’s websites at:

MarijuanaCompanyofAmerica.com
hempSMART.com
NetworkNewsWires/MCOA

Corporate Communications Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
[email protected]

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#Cannabis and #CBD Markets are Set to Increase in Value $N.ca $NXTTF $TBP.ca $MCOA

Posted by AGORACOM-JC at 3:59 PM on Tuesday, May 29th, 2018
  • U.S. medical cannabis market is projected to reach $19.48 billion by 2024
  • Projected growth is driven by the increasing acceptance of medical advantages associated with cannabis, particularly for patients dealing with cancer, diabetes and chronic pain

NEW YORK, May 29, 2018 — According to a report by Hexa Research, the U.S. medical cannabis market is projected to reach $19.48 billion by 2024. The projected growth is driven by the increasing acceptance of medical advantages associated with cannabis, particularly for patients dealing with cancer, diabetes and chronic pain. Symptoms and conditions that may be treated with cannabis products include cancer, HIV, AIDS, Alzheimer’s disease, and multiple sclerosis. Chronic pain accounted for 46 percent of the U.S. cannabis medical market share in 2016. According to the research, the solid cannabis edibles segment in 2016, within the U.S. market generated $2.47 billion in revenue and is expected to continue to dominate the cannabis industry to 2024. Chineseinvestors.com, Inc. (OTC: CIIX), Kush Bottles, Inc. (OTC: KSHB), General Cannabis Corporation (OTC: CANN), Isodiol International Inc. (OTC: ISOLF), PotNetwork Holdings, Inc. (OTC: POTN)

A major portion of the legal cannabis industry Cannabidiol products. Cannabidiol, or CBD, is one of at least 113 active cannabinoids identified in cannabis. The CBD market is growing rapidly in recent years due to CBD’s medical benefits. Sean Murphy, the Founder and Publisher of Hemp Business Journal, said: “Hemp Business Journal estimates the total retail value of all hemp products sold in the U.S. to be at least $688 million for 2016. We estimate the hemp industry will grow to $1.8 billion in sales by 2020, led by hemp food, body care, and CBD-based products. The data demonstrates the hemp industry is growing quickly at 22% five year CAGR and being led by food and body care products, with Hemp CBD products showing a 53% AGR.”

Source: https://www.prnewswire.com/news-releases/cannabis-and-cbd-markets-are-set-to-increase-in-value-683935941.html

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Posted in All Recent Posts, Marijuana Company of America, Medical Marijuana Stocks, Namaste Technologies Inc., Tetra Bio-Pharma Inc. | Comments Off on #Cannabis and #CBD Markets are Set to Increase in Value $N.ca $NXTTF $TBP.ca $MCOA

Forget #Bitcoin: #Blockchain is the Future $SX $SX.ca $SXOOF $IDK.ca $AAO.ca $HPQ.ca

Posted by AGORACOM-JC at 11:52 AM on Tuesday, May 29th, 2018
By Nathan Reiff | May 27, 2018 — 5:55 AM EDT

Cryptocurrencies of all types make use of distributed ledger technology known as blockchain. Blockchains act as decentralized systems for recording and documenting transactions that take place involving a particular digital currency. Put simply, blockchain is a transaction ledger that maintains identical copies across each member computer within a network.

Any party is able to both review previous entries and record new ones, although most blockchain networks have complex rules for the addition of new groups of records, “blocks,” to the chain of previous records. The blocks and the contents within them are protected by powerful cryptography, which insures that previous transactions within the network cannot be either forged or destroyed. In this way, blockchain technology allows a digital currency to maintain a trusted transaction network without relying on a central authority. It is for this reason that digital currencies are thought of as “decentralized.” (See also: How Does Blockchain Work?)

While blockchain is most famous for its role in facilitating the rise of digital currencies over the past several years, there are also many other non-cryptocurrency uses for this technology. Indeed, some blockchain proponents believe that the technology could far outpace cryptocurrencies themselves in terms of its overall impact, and that the real potential of blockchain is only just now being discovered. As such, it’s likely that financial advisors and many others in the investing world will encounter blockchain technology much more in the years to come, whether it is linked with a specific cryptocurrency or if it’s being utilized in any number of other applications. Below, we’ll explore some of the most exciting and popular use cases likely to bring blockchain further into the world of mainstream business and finance.

Cross-Border Payments

Traditionally, the transfer of value has been both expensive and slow, according to a report by Deloitte, and especially for payments taking place across international borders. One reason for this is that, when multiple currencies are involved, the transfer process typically requires multiple banks in multiple locations before the intended recipient can actually collect his or her money. There are existing services to help facilitate this process in a faster way, but these tend to by quite expensive.

Blockchain technology has the potential to provide a much faster and cheaper alternative to traditional cross-border payments methods. Indeed, while typical money remittance costs might be as high as 20% of the transfer amount, blockchain may allow for costs as low as 2%, as well as guaranteed and real-time transaction processing speeds. There are hurdles to be passed, including regulation of cryptocurrencies in different parts of the world and security concerns. Nonetheless, this is one of the most promising and talked about areas of blockchain technology application. (For more, see: Bitcoin’s Most Profitable Use: the $600 Billion Overseas Remittance Business?)

Smart Contracts

Smart contracts are often seen as a highly powerful application of blockchain technology. These contracts are actually computer programs that can oversee all aspects of an agreement, from facilitation to execution. When conditions are met, smart contracts can be entirely self-executing and self-enforcing. For proponents of smart contracts, these tools provide a more secure, more automated alternative to traditional contract law, as well as an application that is faster and cheaper than traditional methods.

The potential applications of smart contract technology are essentially limitless and could extend to almost any field of business in which contract law would normally apply. Of course, while highly touted, smart contracts are not a magical substitute for old-fashioned diligence. In fact, the case of the Decentralized Autonomous Organization (DAO) is a cautionary tale and a warning to investors to not assume that smart contracts are any better than the information and organization that a user puts into them. Nonetheless, smart contracts remain one of the most exciting ways that blockchain technology has already extended beyond the cryptocurrency space and into the broader business world. (See also: Understanding Smart Contracts.)

Identity Management

One of the most problematic results of the internet age has been identity security. As diligent as many individuals and organizations are in maintaining their online identities and securing private information, there are always nefarious actors looking to steal and profit off of these digital items. Blockchain technology has already demonstrated the potential for transforming the way that online identity management takes place.

Blockchain offers a tremendous level of security, thanks to independent verification processes that take place throughout member computers on a blockchain network. In digital currency cases, this verification is used to approve transactions before they are added to the chain. This mechanism could just as easily be applied to other types of verification procedures, including identity verification and many other applications as well.

At this point, blockchain is a technology with an exceptionally broad set of potential uses. Although blockchain is most famous for its connections to the blossoming cryptocurrency world, several other applications have already been explored. Perhaps even more exciting, though, is that new ways of utilizing blockchain emerge every day. As such, whether you are directly involved in the digital currency space or not, it’s essential to develop an understanding of blockchain and how it may be used to transform the business and investment worlds. (For additional reading, check out: All About Amazon’s New Blockchain Service.)

Read more: Forget Bitcoin: Blockchain is the Future | Investopedia https://www.investopedia.com/tech/forget-bitcoin-blockchain-future/#ixzz5GtuZEx4l

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$GGX.caGGX Gold Drill Intersects – 14.6 g/t Gold and 150 g/t Silver including 102 g/t Telluride – Over 2.1 Meters at COD Vein – Greenwood BC

Posted by AGORACOM at 9:35 AM on Tuesday, May 29th, 2018

https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564602/hub/ggx_large.png

  • Phase III diamond drilling program on the Gold Drop Property near Greenwood, BC.
  • Program designed to test and further define the COD Vein, a Dentonia/Jewel style quartz vein, located in the Gold Drop Southwest Zone
  • Intersected 14.6 g/t Gold and 150 g/t Silver – Over 2.1 Meters at COD Vein

 

Vancouver, British Columbia (FSCwire) – GGX Gold Corp. (TSXV: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX”) is pleased to announce the receipt of the first batch of analytical results from this seasons Phase III diamond drilling program on the Gold Drop Property near Greenwood, BC.

To view the graphic in its original size, please click here

The ongoing diamond drill program is designed to test and further define the COD Vein, a Dentonia/Jewel style quartz vein, located in the Gold Drop Southwest Zone. Trenching during 2017 has exposed the northeast – southwest striking COD Vein for over 160 meter strike length.

The analytical results reported in this News Release are for the first three holes of the 2018 drilling program, which were completed from a pad north of the COD Mineshaft. DDCOD16-1 was drilled at a 86° azimuth and a 45° dip. DDCOD16-2 was completed at a 136°azimuth and a 60° dip. DDCOD18-3 was drilled at a 60° dip and a 91° azimuth. The pad was designed to test the veins from a stepped back position following up on the results during the 2017 drill program. The drilling targeted the COD vein 10-20 m north of the COD mineshaft. The initial 3 drill holes all intercepted the COD vein at depth. The DDCOD18-1 intercepted the vein at an in-hole depth of 31.1m, or true depth of 22 m. DDCOD18-2 intercepted the vein at an in-hole depth of 41.2 m, or true depth of 35 m. DDCOD18-3 intercepted the vein at an in-hole depth of 49 m or 42 m true depth.

To view the graphic in its original size, please click here

The analytical results listed below are from holes DDCOD18-1 to DDCOD18-03, testing the COD Vein. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported. The Gold and Silver analyses are reported in grams per tonne (g/t equals parts per million). The intervals listed in the table below are from the gold and silver bearing vein and / or adjacent low grade mineralized host rock.

Hole ID From (m) To (m) Interval Length (m) Au (g/t) Ag (g/t) Te (g/t)
COD18-1 31.1 32.3 1.2 5.51 46.3 32.6
including
COD18-1 31.1 31.6 0.5 4.65 49.9 32.1
COD18-1 31.6 32.3 0.7 6.12 43.7 32.9
COD18-2 39.9 41.25 1.35 0.64 7.04 4.67
COD18-2 41.25 42.15 0.9 7.81 70.3 46.9
COD18-2 42.15 42.78 0.63 0.48 4.83 3.22
COD18-3 46.35 47.02 0.67 0.83 5.45 3.73
COD18-3 49 51.1 2.1 14.62 150.2 102.0
including
COD18-3 49 49.55 0.55 3.14 17.9 3.73
COD18-3 49.55 49.95 0.4 4 36.6 26.30
COD18-3 49.95 51.1 1.15 23.8 253 170.50

The most significant gold mineralization is found in the COD Dentonia/Jewel style quartz vein. The vein is mineralized with pyrite and trace chalcopyrite and telluride minerals. The hostrock near the vein is often altered and carries anomalous silver and gold values, such as at 39.9-41.25 m and 42.15-42.78 m in DDCOD18-2 and 46.35-47.02 m in DDCOD18-3. This silicification and chlorite alteration is texture and magnetite destructive. Strong fine disseminated pyrite is often found in these alteration zones.

To view the graphic in its original size, please click here

Observed core vein contact angles indicate the COD vein is sub-vertical being structurally controlled by the host rock. The predominant host rock for the COD vein is a massive and competent medium grain granodiorite of the Antsey Pluton. Faulting does occur however the general north south trend of the vein is predictable.

In 2017 the Company had received analytical results for 68 trench channel samples collected at the COD Vein. These samples returned anomalous to high grade values for gold, including high values of 43.2 grams / tonne (g/t) Gold and 224 g/t Silver (News Release of July 26, 2017). The first batch of 2017 drill core samples for the COD Vein returned up to 24.1 g/t Gold and 192 g/t Silver (News Release of Aug 28, 2017). The second batch of drill core samples also returned significant gold and silver values including a broad intersection in hole COD17-14 grading 4.59 g/t Gold and 38.64 g/t Silver over 16.03 meters core length with a high grade core grading 10.96 g/t Gold and 89.86 g/t Silver over 5.97 meters core length (News Release of Sept 7, 2017).

Drill core is being geologically logged and sampled at the Greenwood facility. Drill core is sawn in half with half core samples submitted for analysis and remaining half core stored in a secure location. Core samples were delivered to the ALS Minerals laboratory in Vancouver to be analyzed for gold by Fire Assay – AA. The samples are also being analyzed for 48 Elements by Four Acid and ICP-AES / ICP-MS. Quality control (QC) samples are inserted at regular intervals.

 

To view the graphic in its original size, please click here

David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.

On Behalf of the Board of Directors,

Barry Brown, Director

604-488-3900

Investor Relations: 

Mr.  Jack Singh: 604-488-3900     E-mail: [email protected]

 

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FEATURE: Applied Biosciences – Poised to Succeed in CBD Market $AERO $CBDS $CGRW $APH.ca $GBLX

Posted by AGORACOM at 7:18 AM on Tuesday, May 29th, 2018

        

  • Consumer company with Multiple CBD Brands focused on Consumer, Pet, Female and Health and Wellness
  • Building brand with a scalable process and operation
  • Commenced sales of its hemp-derived CBD products on LeafLink’s industry-leading B2B e-commerce platform
  • Launched CBD product line under the Remedi CBD brand
  • Products will be sold on Remedi’s new website (www.remedishop.com) and in select locations in the U.S.
  • Launched CBD product line under TherPet brand (https://therpet.com/)
  • Currently shipping to the majority of US states and Internationally to 5 countries
  • Several strategic partnerships and investments currently in place
  • Partners include: High Times & GemmaCert

Key Market Drivers

     Increasing Momentum Towards Legalization

  • Especially related to medical -use Cannabis
  • Cannabis is legal in 29 states and the District of Columbia in some form ( or decriminalized )
  • International Opportunities: * Cannabis is now trading globally, with Canadian      grown Medical cannabis being exported to Germany, Croatia, New Zealand, Brazil and Chile. The Dutch are sending shipments of medical cannabis to Italy, Germany and Finland.   

     Shifting Public Opinion

  • Belief that the growth of the regulated cannabis industry has been fueled by changing public attitudes in the United States. A 2015 poll by Harris found 81% of Americans support the legalization of cannabis for medical use. Driven in part by this shift in public opinion.       

                        

 

 

About Applied BioSciences Corp.

Applied BioSciences Corp. (www.appliedbiocorp.com), is a diversified company focused on multiple areas of the medical, bioceutical and pet health industry. As a leading company in the CBD and Pet health space, the company is currently shipping to the majority of US states as well as to 5 International countries. The company is focused on select investment, consumer brands, and partnership opportunities in the recreational, health and wellness, nutraceutical, and media industries.

The company has several strategic partnerships and investments currently in place and is actively pursuing additional partnerships and strategic growth opportunities.

Contact

Email: [email protected] or [email protected]

To be added to the Applied BioSciences email distribution list, please email [email protected] with APPB in the subject line.

Official Website: www.appliedbiocorp.com

Brands:

www.remedishop.com
www.therpet.com

Follow us:

Facebook @remedicbd & @therpetcbd
Instagram @remedicbd & @therpet
Twitter @remedishop & @therpet

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Good Life Networks Inc. $GOOD.ca increases first quarter revenue year over year by 2072%

Posted by AGORACOM-JC at 4:33 PM on Monday, May 28th, 2018

Glnlogo black 11

  • Revenue increased 2072% to $1,322,139 in the First Quarter of 2018 compared to $60,870 during the First Quarter of 2017;
  • Gross profit during the three months ended March 31, 2018 increased to $448,270 from $1,971 during the First Quarter ended March 31st, 2017;
  • Gross margin as a percentage of revenue during the three months ended March 31, 2018 were 34% compared to 3% during the First Quarter of 2017, representing a 1,133 % increase.

VANCOUVER, May 28, 2018  – Good Life Networks Inc. (“GLN“, or the “Company“) (TSX-V: GOOD, FSE: 4G5), a Vancouver-based programmatic advertising technology company, is pleased to announce that it has filed its First Quarter reviewed financial statements for the three months ended March 31, 2018 or “First Quarter” of 2018.  The Company’s reviewed interim consolidated financial statements as at and for the three months ended March 31, 2018 and related management’s discussion and analysis can be found on the Company’s SEDAR profile at www.sedar.com.  All figures are expressed in Canadian dollars unless otherwise stated.

Jesse Dylan, President and CEO commented, “We are very pleased with the revenue growth for Q1, 2018. It is a fantastic base for us to work from to meet our revenue and earnings objectives for the full fiscal year.” 

Financial Highlights:

  • Revenue increased 2072% to $1,322,139 in the First Quarter of 2018 compared to $60,870 during the First Quarter of 2017;
  • Gross profit during the three months ended March 31, 2018 increased to $448,270 from $1,971 during the First Quarter ended March 31st, 2017;
  • Gross margin as a percentage of revenue during the three months ended March 31, 2018 were 34% compared to 3% during the First Quarter of 2017, representing a 1,133 % increase.
  • Adjusted EBITDA loss for the three months ended March 31, 2018 was approximately $367,000 compared to an adjusted EBITDA loss of approximately $631,000 recorded for the First Quarter 2017.
  • The Company incurred a one-time expense of $2,318,018 in listing fees, third-party services and bonuses in connection with the RTO of Exito Energy II Inc. (“Exito”).

BUSINESS UPDATE

During First Quarter of 2018, the Company achieved the following milestones:

  • Completed RTO transaction with Exito, and concurrently raised $9.2M of equity.
  • Granted patent pending status by the USPTO on several innovations related to our exchange platform, algorithms and blockchain application designed to accelerate AR payment cycles for vendors in the digital advertising ecosystem.
  • March 8th, we continued our aggressive integration strategy by entering a commercial agreement with U.S. based Answer Media, giving us access to a global supply chain consisting of over one hundred million unique users and over three hundred publishers (websites on desktop and mobile).
  • March 22nd, we expanded into the U.K. with Advenue Limited (“Advenue”). Our agreement and integration with this London based company expands GLN’s global reach by up to nine new regions and includes access to over 4,000 mobile publishers across Android and iOS platforms.”

Subsequent to First Quarter

  • April 3rd, CEO Jesse Dylan and his team rang the bell at TSX to open the stock market marking GLN’s public listing on TSX-V under the stock symbol GOOD.
  • April 12th, GLN announced its listing on the Frankfurt Stock Exchange (third largest exchange globally in terms of volume of trading behind New York and NASDAQ) under the trading symbol 4G5.
  • April 19th, GLN entered into an Advisory Agreement with First Coin Capital (a Vancouver-based technology services company dedicated to advising established companies and providing access to the emerging digital currency asset class.) to assist in the detailed analysis and planning of the GLN accounts receivable (“AR”) Blockchain application.
  • April 26th, GLN announced record revenue during the twelve months ended December 31, 2017 increased 278% to $9,723,075.
  • May 3rd, GLN entered a commercial agreement to integrate with Clickky, a New York based global leader in monetization solutions for mobile applications. Clickky offers video advertising opportunities inside thousands of mobile applications – Reaching 1 billion daily advertising opportunities and 5 million monthly new application installations.
  • May 10th, GLN to announced the launch of a “CEO Verified” Discussion Forum on AGORACOM and secured an ongoing media campaign with extensive editorial coverage services from Market One Media Group Ltd.
  • May 17th, GLN announced it has entered into a Letter of Intent to acquire 100% shares of the Impression X, a leading connected television (“CTV”) advertising technology company. CTV is one of the fastest growing areas of advertising technology. In 2018, it is expected that over 60% of all premium video on demand will be delivered via a connected television reaching an expected 759.3 million connected television sets globally (Digital TV Research).

Jesse Dylan, President and CEO commented, “As we release our first quarter results for 2018 and look back over the previous year, I’m content in the knowledge that we are making strong and steady progress while moving forward. I’m reminded of the quote that rests at the bottom of each email I send: A river cuts through rock, not because of its power, but because of its persistence.” 

Summary of Financial Results and Information

Consolidated Statement of Operations
Three months ended March 31,
2018 2017
Revenue $ 1,322,139 $ 60,870
Cost of Sales $ 873,869 $ 58,899
Gross Profit $ 448,270 $ 1,971
Gross Margin 34% 3.2%
Expenses $ 1,361,860 $ 711,570
Operating Income (Loss) $ (913,590) $ (709,599)
Net Income (Loss) for the first quarter $ (2,948,479) $ (756,195)
Income (Loss) per share –
Basic $ (0.05) $ (0.03)
Diluted $ (0.05) $ (0.03)
March 31, 2018 December 31, 2017
Total Assets $ 12,707,154 $ 9,832,633
Total Liabilities $ 6,702,729 $ 12,094,377
Total Shareholders’ Equity (Deficiency) $ 6,004,425 $ (2,261,744)

 

Full details of the financial reports and operating results for the First Quarter ended March 31st, are described in the Company’s financial statements with accompanying notes and related Management’s Discussion and Analysis. These documents and additional information on Good Life Networks Inc. is available on SEDAR at www.sedar.com.

Conference Call

The company will also host a live conference call on May 28th, 2018, at 1:30 p.m. PST.
To access the conference call by phone, please dial:
Canada/USA: 1-800-319-4610
International Toll: 1-604-638-5340
Germany: 0800-180-1954
UK: 0808-101-2791
Callers should dial in five to 10 minutes prior to the scheduled start time.

The GLN Story

GLN harnesses the power of artificial intelligence to improve marketing return on investments for advertisers using its patent pending video advertising technology. By 2020, MAGNA, the research arm of media buying firm IPG Mediabrands, expects digital ads to make up 50 percent of all ad spending, expected to reach $237 billion this year. GLN recently closed a $9.2 million subscription financing prior to closing its qualifying transaction and trades on the TSX Venture Exchange under the stock symbol “GOOD” and The Frankfurt Stock Exchange under the stock symbol 4G5.

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.

SOURCE Good Life Networks Inc.

View original content: http://www.newswire.ca/en/releases/archive/May2018/28/c6554.html

please contact: [email protected] or call 604 265 7511.Copyright CNW Group 2018

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As pro gaming takes off, so do #Esports careers $GMBL $ATVI $TTWO $GAME $EPY.ca $TCEHF

Posted by AGORACOM-JC at 3:02 PM on Monday, May 28th, 2018
Dean Takahashi@deantak May 28, 2018 7:15 AM

Above: Arnold Hur (left) and Justin Choy of Gen.G.

Not all of us can make a living as professional gamers in the Overwatch League. But Justin Choy’s gig may be the next best thing. He’s the content marketing manager in charge of videos and social media for Gen.G, the esports organization that operates multiple teams — such as the Seoul Dynasty, one of the franchises in Activision Blizzard’s new Overwatch League.

It’s the kind of job that didn’t exist a generation ago, and the 28-year-old Choy is one of the few people who could do something like this, according to his boss, Arnold Hur, chief growth officer at Gen.G, which was formerly known as KSV eSports. As esports grows from $906 million in 2018 to $1.65 billion by 2021 (according to market researcher Newzoo), new kinds of jobs are being born in its ecosystem.

I think of it as the Leisure Economy, where we all will eventually get paid to play games. Besides people like Choy and Hur, the Leisure Economy already includes people like esports athletes, cosplayers, influencers, YouTubers, livestreamers, shoutcasters, and modders. There’s a broader group of accountants, lawyers, and other professionals who work for esports and game companies, and they’re also using their knowledge of games to prosper. The parents of these people probably cursed their obsession with video games, but that obsession has paid off handsomely for those who use it to become celebrities in our attention-based society.

Above: A Seoul Dynasty fan cheers on his team in the Overwatch League

People like Choy are still a rare group. Hur said it hasn’t been easy scouting for people in Los Angeles — the epicenter of esports, or playing games for money — who have the combination of skills that Choy has: online video skills, social media savvy, and a deep interest in games and esports. These weren’t the kinds of skills that Choy could pick up in college.

Rather, he developed the skills based on his own passions. Before he took the job at Gen.G, Choy was an online game fan and music-marketing expert. He is now in charge of managing a team of videographers and editors who shoot video footage of the Seoul Dynasty team. Their job is to capture amazing, cool, or funny gameplay and lifestyle videos of the pro gamers. They edit them down into snippets, share them on social media, and hope that they go viral.

“My job is less about video editing and more ideation on content pieces that will go viral,” said Choy in an interview with GamesBeat. “We try to tell the story of the team.”

For Gen.G, it’s all about generating a new revenue stream. Every week, the Seoul Dynasty plays competitive esports tournaments for the Overwatch League, which draws millions of views every week. Those viewers are mostly millennials who have a lot of disposable income but aren’t easy to find on traditional media channels, such as television.

Above: Justin Choy of Gen.G is 28 and is the content marketing manager for the Seoul Dynasty team.

Image Credit: Dean Takahashi

Nielsen recently compared the esports demographic — about 70 percent male, ages 13 to 40 — to soccer fans, and it said they are “irresistible” to brand advertisers. But they’re hard for advertisers to target, as they only watch about four hours of TV per week. They spend twice as much time playing games.

But esports is still looking for its big revenue stream. Players, team owners, game publishers, investors, venues, and startups alike are looking for revenue from sponsorships, merchandise sales, media rights fees, game-publisher fees, advertising, and ticket sales. And if they can accumulate enough of an audience — one of the goals that Hur and Choy have been hired to make happen — the revenues will likely come.

“With traditional sports, an average fan spends about $50 per year,” Kent Wakeford, cofounder of Gen.G, said during a fireside chat at the GamesBeat Summit in Mill Valley, California, today. “With esports, it’s an average of $5. There’s this big gap, and if you can come in and close it. It’s this 10x opportunity.”

Above: KSV’s Seoul Dynasty Overwatch team.

Image Credit: KSV

The video crew captures film in mini-documentary style so that fans can see what it’s like to be a competitive gamer at the highest level. The five-member starting squad plays every day at a team house, but they consume so much bandwidth that Choy can’t upload videos from the house. They go through roughly a terabyte of data in a week. And yes, they spend a lot of their time uploading and editing. That’s because they have to go through that sea of data and whittle it down to digestible bites.

Choy disperses the video team to their home locations, and they upload video to the cloud so that he can review it. Then, he offers his editing tips for finding the funniest videos and directs the video editors to chop down and edit the videos for publication. Once everything’s done, the team uploads the video to the social media sites, and Choy shares it as widely as possible on YouTube, Twitter, Facebook, Twitch, and Instagram.

The social media sites can magnify the awareness and influence of the team at relatively little cost. SuperData estimated that Twitch had more than 666 million viewers in 2017, more than Netflix or HBO.

The videos feature in-game coverage, lifestyle features on the players, matches, and match previews. The idea is to get fans exposed to the behind-the-scenes views of the players and their personalities.

Above: Seoul Dynasty is a new Overwatch League team.

Image Credit: KSV Esports

“We try not to make it like reality TV, so it is as organic as possible, and the players are comfortable,” Choy said. “The common view is the players tend to be hermits. We need to tap into the personality that the internal staff knows that they have. They are funny and can spark up the room, and you need the right videographer to do that.”

It may seem like a bizarre subculture, but Choy was already part of it. Finding people like that with the talent to bring great attention to the sport is difficult, Hur said.

“There are a lot of people who say they love esports, but the rest of the resume has nothing,” Hur said. “For things like handling Twitch payments, there is almost zero experience in this field. It’s a huge challenge hiring people. We look for people who are good at what they are do and are super passionate. In L.A., there are talented video editors, but do they know what to show the audience? They aren’t teaching people how to do this in school.”

It helps that Hur speaks Korean, and Choy speaks some as well, as all of the star players are Korean on the team. South Korea is known as the birthplace of esports, and it’s the rare place where esports players are known as media superstars. The Overwatch League’s player base is about 40 percent Korean.

The videographers shoot the team in their own team house where they practice. Those videographers have to be in sync with the team on an emotional level, as they don’t want to air videos that make the team members upset and throw them off their game.

If the videos are captured while the players are speaking Korean, then the team has to write subtitles. Multitasking is a valuable skill. The pay could start at $50,000 for good editors, and then, it ramps up from there.

Choy tries to capture what the team is really like, and his gamer background helps with that. He has also applied his music background, getting the players to put out their own playlists for gaming music on Spotify.

Above: Arnold Hur (left) and Justin Choy of Gen.G.

Image Credit: Dean Takahashi

“I understand the struggle where they start out low, grind through it to make it to the pros,” he said. “It’s not all about making a direct return on video investments. I want to make engaging content that the fans can connect with and show a different side of the players that the fans don’t see.”

Choy is part of a team that has about seven full-time and part-time people. There are other jobs coming. Gen.G is building an esports center in Seoul, and it is looking for people like interior designers, and it will likely have to figure out how to shoot videos of its other esports teams as well.

“Every big game or intellectual property will [need] its own social media manager and production team,” Hur said.

Eventually, sponsors will come into the picture, and that adds a layer of complexity to the “authenticity” of the social sharing, as brands don’t always like gamer footage that is too raw.

Overall, Choy and Hur like what they’re doing because they are pushing the edge of social media by embracing technology.

“We know there’s some interesting technology out there to identify highlights in videos,” Hur said. “New industries can be born. You have to be adept at the latest tech platform.”

Choy added, “It’s part of a passion. It doesn’t [feel] like work.”

Source: https://venturebeat.com/2018/05/28/as-pro-gaming-takes-off-so-do-esports-careers/

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