Agoracom Blog

Valeo Pharma $VPH $VPHIF Announces $4.0 Million Non-Brokered Private Placement of Non-Convertible Debentures $HLS.ca $MDP.ca $GUD.ca $RX.ca

Posted by AGORACOM-JC at 8:44 AM on Wednesday, April 14th, 2021
  • Announced today a non-brokered private placement of up to 4,000 unsecured non-convertible debentures units (the “Debenture Units”) at a price of $1,000 per Debenture Unit for maximum gross proceeds of $4,000,000
  • Valeo insiders participate for $2.6 million

MONTREAL , April 14, 2021 – Valeo Pharma Inc . (CSE: VPH) (OTCQB: VPHIF) (FSE: VP2) (“Valeo” or the “Company”), a Canadian pharmaceutical company, announced today a non-brokered private placement of up to 4,000 unsecured non-convertible debentures units (the “Debenture Units”) at a price of $1,000 per Debenture Unit for maximum gross proceeds of $4,000,000 (the “Offering”).

Each Debenture Unit will consist of one (1) unsecured non-convertible debenture of the Company in the principal amount of $1,000 (each, a “Debenture”) and 200 Class “A” share purchase warrants (each, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Class “A” Share of the Company (each, a “Share”) at an exercise price of $1.60 at any time up to 24 months following the closing date of the Offering (the “Closing Date”). The Debentures will mature at the latest 9 months after the closing and will bear interest at a rate of 8% per annum from the date of issue, payable in cash, semi-annually in arrears.

“We are appreciative of the continued support from insiders and investors close to the Company  in this placement”, said Steve Saviuk , Valeo’s Chief Executive Officer. “This financing will strengthen our balance sheet at a time of three important product launches for Valeo, Enerzair® Breezhaler®, Atectura® Breezhaler® and Redesca™. Commercialized through two distinct sales forces, these products are key drivers to our growth over the coming years”.

The net proceeds of the Offering will be used for working capital and general corporate purposes.

Closing of the Private Placement is expected to occur on or about April 23, 2021 and is subject to regulatory approval including that of the CSE. The Company may pay finder’s fees on the non-insider portion of the Private Placement, in compliance with applicable securities laws. All securities issued in connection with the Private Placement will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities legislation.

The issuance of Convertible Debentures to the insiders will be considered related party transactions within the meaning of Multilateral Instrument 61-101 (“MI 61-101”). The Company intends to rely on the exemptions from the requirements of MI 61-101 in respect of any Insider Participation.

This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.

About Valeo Pharma

Valeo Pharma is a Canadian pharmaceutical company dedicated to the commercialization of innovative prescription products in Canada with a focus on Respiratory Diseases, Neurology, Oncology and Hospital Specialty Products. Headquartered in Kirkland, Quebec Valeo Pharma has all the required capabilities and the full infrastructure to register and properly manage its growing product portfolio through all stages of commercialization. For more information, please visit www.valeopharma.com and follow us on LinkedIn and Twitter .

Forward Looking Statements

This press release contains forward-looking statements about Valeo’s objectives, strategies and businesses that involve risks and uncertainties. These statements are “forward-looking” because they are based on our current expectations about the markets we operate in and on various estimates and assumptions. Actual events or results may differ materially from those anticipated in these forward-looking statements if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. 

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Loop Insights $MTRX $RACMF enters the £4.5 billion UK forecourt sector through its partnership with Suresite Group $QTRH.ca $SNSR $BSQR $PTS.ca

Posted by AGORACOM-JC at 8:41 AM on Wednesday, April 14th, 2021
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Forecourt operators to get access to real-time data from any point-of-sale through Loop’s IoT device

  • Announces a new Proof of Concept (PoC) with Suresite Group
  • The cooperation will see selected Suresite retail locations take advantage of Loop’s IoT Fobi device and Insights platform

LONDON and VANCOUVER, British Columbia, April 14, 2021 — Loop Insights (MTRX:TSXV; RACMF:OTCQB), a provider of contactless solutions and artificial intelligence for the brick and mortar space, announces a new Proof of Concept (PoC) with Suresite Group. The cooperation will see selected Suresite retail locations take advantage of Loop’s IoT Fobi device and Insights platform.

Loop Insights is growing its UK retail presence

According to KPMG , the UK’s forecourt or gas station convenience store sector generates approximately £4.5 billion in annual revenue. Loop’s latest agreement with Suresite represents its entry into the UK’s retail energy sectors, as part of wider business development efforts in the UK.

The changing trends of forecourt retail

Suresite ’s UK data of card payment transactions and spend show that in the last 12 months, there has been less demand for fuel with people unable to travel due to local and national lockdowns. Yet these travel restrictions have also led to a growth in non-fuel retail with customers choosing to carry out their grocery shopping locally at nearby fuel stations, looking to fulfil multiple purposes in a single trip with an increased appetite for cashless transactions. With the constantly changing trends and challenges brought by the pandemic, data insights are now more important for forecourt retail than ever.

Loop’s Fobi is an IoT device working with an AI-powered retail analytics platform that allows retailers unprecedented access to real-time transaction data from any point-of-sale (POS) – online, in-store, and across multiple properties.

During the PoC, Loop Insights will implement its Fobi device and Insights AI-powered analytics platform across numerous Suresite client locations. This will provide Suresite, and more importantly, its clients who operate leading fuel and convenience brands, with powerful, actionable data capabilities needed to deliver informed loyalty experience and drive operational efficiencies. Suresite’s forecourt client market currently includes major brands such as Harvest Energy, Gulf, Jet, and others.

“ Through services such as our real-time, data-driven fuel monitoring solution, Suresite understands that retailers need data to be delivered in real-time to be able to maximise revenue and wallet-share. For the retailer, it’s about understanding the shopping basket breakdown item by item, who made the purchase, and how. Or having the ability to see how a special promotion is performing in real time so adjustments can be made if needed. This is why Suresite has partnered with Loop Insights, to help our clients improve their business decisions based on real-time, actionable insights,” explains Eva Jones, Head of Product Development and Innovation at Suresite.

Loop Insights CEO Rob Anson stated: “Our latest Proof of Concept agreement with Suresite is additional proof that our Fobi device combined with our AI-powered Insights platform serves an immediate, data driven need in the convenience and fuel sectors. Recent announcements with Sobeys in grocery, and now Suresite in convenience and fuel – two of the largest retail sectors in the world – serve notice that Loop and its solutions are fit-for-purpose in today’s data-first world. We anticipate this PoC will be another massive success for both Loop and Suresite as we continue to demonstrate the power of Loop’s Insights platform no matter the industry or country.”

Suresite CEO Steve Hoban added: “We understand the power of insight to help our clients improve their offer, sales and profit. We are excited to partner with Loop and are looking forward to the results of our trials. Our aim is to continue to add value to our clients and be able to enrich our data to provide them with insights that help them grow.”

This press release is available on the Loop Insights Verified Forum on AGORACOM for shareholder discussion, questions and engagement with management https://agoracom.com/ir/LoopInsights .

About Suresite Group
Established over 25 years ago, Suresite Group provides a range of business critical operational services for Fuel and Convenience Retailers. Suresite market leading Payment and data solutions, Wetstock management, Training and Health & Safety compliance help over 3,000 stores across the UK run businesses more effectively. Suresite Group customers and partners include Barclays, Worldpay, Timico, Feefo, American Express, Sponge, Greenergy, Cost Cutter, Jet, and others.

For more information, please contact:

Klara Horvathova
Luminous PR
07597 798281
[email protected]

About Loop Insights
Loop Insights Inc. is a Vancouver-based Internet of Things (“IoT”) technology company that delivers transformative artificial intelligence (“AI”), automated marketing, venue tracing, and contactless solutions to the brick and mortar space. Its unique IoT device, Fobi, enables data connectivity across online and on-premise platforms to provide real-time, detailed insights and automated, personalized engagement. Its ability to integrate seamlessly into existing infrastructure, and customize campaigns according to each vertical, creates a highly scalable solution for its prospective global clients that span industries. Loop Insights operates in the telecom, casino gaming, sports and entertainment, hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia. Loop’s products and services are backed by Amazon’s Partner Network.

Loop Insights Inc. LOOP Website: www.loopinsights.ai
Rob Anson, CEO Facebook: @ LoopInsights
T: +1 877-754-5336 Ext. 4 Twitter: @ LoopInsights
E: [email protected] LinkedIn: @ LoopInsights

This news release contains certain statements that constitute forward-looking statements or information, including statements regarding Loop’s business and technology; the ability of Loop to engage with industry participants to achieve its goals; the development of Loop’s technology; and the viability of Loop’s business model. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Loop’s control, including the impact of general economic conditions, industry conditions, competition from other industry participants, stock market volatility, and the ability to access sufficient capital from internal and external sources. Although Loop believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated, or implied in the forward-looking statements. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity, or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, Loop does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in the securities of Loop should be considered highly speculative. There can be no assurance that Loop will be able to achieve all or any of its proposed objectives.  

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. 

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Empower Clinics $CBDT.ca $EPWCF Kai Medical Lab Receives Order for Up To 5,000 Covid-19 Tests from Two Film & Television Productions in Excess Of $750,000 $DMTK $LMD.ca $DOC.ca $DOCRF $WELL.ca $PRN.ca

Posted by AGORACOM-JC at 8:36 AM on Wednesday, April 14th, 2021

  • Announced that Kai Medical Laboratory has received an order for COVID-19 RT-PCR tests that is anticipated to be in excess of $CAD 750,000 from two new film and television productions.

VANCOUVER, BC / April 14, 2021 / EMPOWER CLINICS INC. (CSE:CBDT) (Frankfurt:8EC) (OTCQB:EPWCF) (“Empower” or the “Company“) an integrated healthcare company – serving patients through medical centers, telemedicine platforms and a high complexity medical diagnostics laboratory processing thousands of COVID-19 specimens, is pleased to announce that Kai Medical Laboratory (“KAI”) has received an order for COVID-19 RT-PCR tests that is anticipated to be in excess of $CAD 750,000 from two new film and television productions.

5,000 TEST ORDER FOR FILM & TELEVISION PRODUCTIONS REPRESENTS REPEAT ORDER BASED ON CONSISTENT PERFORMANCE OF KAI MEDICAL LAB

In early October, shortly after the acquisition of KAI, Empower announced an agreement to process approximately 1,000 COVID-19 RT-PCR tests for a major film & TV production over a 30-day period, with the possibility of more business upon successful completion of the initial tests.

On November 16, 2020 KAI received a repeat and record COVID-19 testing order for approximately 9,000 units in excess of $CAD 1,000,000 over a four-month period.

Today’s announcement represents a repeat Purchase Order of approximately 5,000 units to be processed over just a two-month period. The total revenue from this order is anticipated to be in excess of $CAN 750,000.

“Our team at KAI continues to deliver the type of performance to Tier-1 clients that is worthy of significant repeat business that serves as unequivocal validation of our capabilities,” said Steven McAuley, Chairman & CEO of Empower. “To this end, the magnitude of KAI’s growth and success cannot be overstated as it continues to focus on very active business development and product development, setting a path toward significant North American growth in the midst of tripling its size. KAI is well on its way to becoming a national brand supported by our strong working capital position and a team dedicated to performance.”

As of September 1st, KAI has already processed tests for multiple different film and television productions in key US markets including Los Angeles, Atlanta, New York, Dallas, earning the highest confidence of the industry.

KAI MEDICAL LABORATORY NOW EXPANDING TO TRIPLE CURRENT SIZE IN ANTICIPATION OF ANTICIPATED RAPID TEST GROWTH

On February 16th, Empower announced “KAI Laboratory Now Tripling in Size in Anticipation of Test Volumes by End of Q1”

KAI continues to progress on the design and build out of the laboratory expansion to prepare to meet upcoming demand in a number of areas. First, the continued processing of RT-PCR tests for film & television productions, commercial accounts and enterprise level clients. Second, the full e-commerce impact of KaiTests.com and the national direct-to-consumer marketing programs for KAI Saliva, an FDA, EUA authorized and Health Canada approved at-home Saliva COVID-19 RT-PCR Test. KAI Saliva provides travellers, both foreign and domestic with a simple, fully compliant method to obtain an RT-PCR test and test result prior to arriving or coming back into Canada and USA, or arriving in other countries that have similar executive travel orders.

Finally, KAI Labs continues the development of new direct-to-consumer test protocols that will expand the product offers on Kaitests.com throughout 2021 and beyond.

McAuley added “With each passing month Empower gains more strength and velocity in every aspect of our business from KAI Lab in Dallas to our rapidly expanding clinic operations in Canada and our direct-to-consumer products such as KAI Saliva. All of which are amply funded well into the future with our strongest balance sheet ever thanks to the receipt of more than $12,000,000 in warrant conversions as of last month. We are on a path, a trajectory towards building a great health and wellness company across North America, and I look forward to providing our shareholders with further specifics.”

This press release is available on the Empower Clinics Verified Forum on AGORACOM for shareholder discussion, questions and engagement with management https://agoracom.com/ir/EmpowerClinics

Read More: https://agoracom.com/ir/EmpowerClinics/forums/discussion/topics/759019-empower-clinics-kai-medical-lab-receives-order-for-up-to-5-000-covid-19-tests-from-two-film-television-productions-in-excess-of-750-000/messages/2311867#message

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Posted in Empower Clinics Inc. | Comments Off on Empower Clinics $CBDT.ca $EPWCF Kai Medical Lab Receives Order for Up To 5,000 Covid-19 Tests from Two Film & Television Productions in Excess Of $750,000 $DMTK $LMD.ca $DOC.ca $DOCRF $WELL.ca $PRN.ca

Red Light Holland $TRIP.ca $TRUFF Enters into Letter of Intent to Acquire Controlling Stake in Happy Caps Mushroom Farm based in Halifax, Nova Scotia $RVV.ca $PSYC $FTRP $BUZZ

Posted by AGORACOM at 3:08 PM on Tuesday, April 13th, 2021
Corporate Logo
  • Acquiring 80% stake in Happy Caps Farm
  • Realizing synergies by introducing Happy Caps to Europe via wholly owned distribution company SR-Wholesale
  • Making mushroom growing easy and accessible

Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTC Pink: TRUFF) (“Red Light Holland” or the “Company“), an Ontario-based corporation engaged in the production, growth and sale of a premium brand of magic truffles to the legal, recreational market within the Netherlands, is pleased to announce it has entered into a non-binding letter of intent to acquire an 80% stake in Happy Caps Farm (“Happy Caps“), one of Nova Scotia’s most unique gourmet mushroom farms, cleverly positioned in the mushroom plug spawn business, selling fresh mushrooms for the wholesale market and specializing in ‘grow your own mushroom kits’.

“Now this gets me excited! Happy Caps’ founders, Andrew Kobayashi and Andrew Hatfield will be strong additions to Red Light Holland. Not only are we expected to purchase an 80% stake in their growing and profitable business, but we will also gain valuable intellectual property as Andrew and Andrew both possess strong mushroom growing expertise and capabilities,” said Todd Shapiro, CEO and Director of Red Light Holland. “There remain a few details to iron out, but everyone at Red Light Holland is extremely excited by the potential to grow our business, our brand and our revenues in our home country of Canada and we look forward to potentially realizing synergies by introducing Happy Caps to Europe via our wholly owned distribution company SR-Wholesale.”

“Getting to know Todd Shapiro and the entire team at Red Light Holland has been a pleasure so far,” said Andrew Kobayashi, CEO of Happy Caps “We are very experienced Mushroom growers and can work effectively with all types of genetics and strains. We are looking forward to working with Todd and his team to drive growth in our Happy Caps homegrow kits, where we help you grow your own mushrooms.”

“We are making mushroom growing easy and accessible, and Red Light Holland gets that! They also get how magical growing mushrooms can be, which is why we are excited to effect this transaction,” said Andrew Hatfield, CMO of Happy Caps. “We look forward to working as Red Light Holland’s Master Growers in Canada, and believe that together we can contribute to future growth in the ever-expanding mushroom industry.”

Further details of the proposed 80% acquisition will be announced once available.

About Happy Caps Farm

Happy Caps is an urban gourmet mushroom farm located in Halifax, Nova Scotia that specializes in quality ‘grow your own mushroom kits’, mushroom plug spawn and fresh mushrooms for the wholesale market. Grow your own Mushroom kits are available at www.HappyCaps.ca

About Red Light Holland Corp.

The Company is an Ontario-based corporation engaged in the production, growth and sale (through existing Smart Shops operators and an advanced e-commerce platform) of a premium brand of magic truffles to the legal market within the Netherlands, in accordance with the highest standards, in compliance with all applicable laws.

For additional information on the Company:

Todd Shapiro
Chief Executive Officer & Director
Tel: 647-204-7129
Email: [email protected]
Website: https://redlighttruffles.com/

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VIDEO – Predictmedix $PMED.ca $PMEDF Preps for Big Year Ahead, as Demand for its Contactless Screening Devices sees Ramp Up of Partnerships, M&A and Strategic Financing $PFM.ca $VQS.ca $SPOT.ca $ADK.ca

Posted by AGORACOM-JC at 2:44 PM on Tuesday, April 13th, 2021
Predictmedix Inc. (CSE: PMED | OTCQB: PMEDF) | LinkedIn

Predictmedix is an Artificial Intelligence company that has developed fast, non-invasive, contactless screening devices that detect infectious diseases, impairment and even mental illness at any location where mass amounts of people gather, such as:

  • Hospitals
  • Stadiums
  • Airports
  • Malls
  • Government Buildings
  • Office Complexes

These screeners are fully automated and intelligent, so they don’t need personnel to operate them. They determine the probability of a person being infected with illnesses such as COVID-19, so safety protocols can be initiated.

Earlier this month, the AI firm penned a major strategic partnership with Juiceworks and Connectus Global to deploy its Safe Entry Stations nationwide.

That news came during an increasingly busy time for $PMED, which has included:

  • An LOI to acquire AI-powered tech firm Symp2Pass
  • The engagement of investment banking firm Kingswood Capital Markets in preparation for NASDAQ listing
  • Major partnerships
  • Strategic financing developments


You’re going to want to get comfy for this chat with Predictmedix COO & Director Rahul Kushwah:

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AGORACOM Small Cap 60: ImagineAR $IP.ca $IPNFF To Provide Enhanced #AR #NFTs $DBO.ca $YDX.ca $SEV.ca $NTAR.ca

Posted by AGORACOM-JC at 2:16 PM on Tuesday, April 13th, 2021

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AGORACOM Small Cap 60: Chilean Metals $CMX $CMETF CEO Terry Lynch Discusses Transformation into Power Nickel & Spin-Out of 2 Pubco’s

Posted by AGORACOM at 1:20 PM on Tuesday, April 13th, 2021
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VIDEO – Intema $ITM $ITMF Has Big Plans For #Esports & #iGaming Ecosystem After Big Q1 Brings Acquisition, Financing & Personnel $DKNG $PENN $GAN $ESPO $AESE $EGLX.ca $BRAG.ca $FDM.ca

Posted by AGORACOM-JC at 11:19 AM on Tuesday, April 13th, 2021

The global online gambling market could potentially hit $1 TRILLION by the end of this decade.  The  obvious reasons include the following: 

  • Exponential growth in the number of people online.  Yet only 59% of the world means more to come.  
  • Fast growth in the number of countries and jurisdictions legalizing gambling to collect tax revenue.

Moreover, the global esports industry is already well into its 10-year parabolic growth cycle with massive investments, corporate sponsorships and the biggest tournament prizes of any sport in the world, including the majors. 

But despite all this, esports is still dramatically under monetized relative to traditional sports. 

Intema Solutions $ITM $ITMF is an emerging esports and iGaming company that believes their wagering + social interaction model will solve this problem by creating the world’s foremost esports and iGaming ecosystem. 

More than just lip service, Intema has already announced the following in Q1 2021: 

  • 1st Acquisition
  • $5M financing
  • Engaged Lazarus Growth for iGaming and eSports
  • Added 3 big advisors 

To learn how these pieces fit into the global ecosystem being created by Intema, watch / listen to this great interview with President & CEO Laurent Benezra.

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Rowing Canada Aviron teams up with Kontrol $KNR $KNR.ca $KNR.c $KNRLF #BioCloud to protect Olympic and Paralympic hopefuls $LXG

Posted by AGORACOM-JC at 10:42 AM on Tuesday, April 13th, 2021
  • Rowing Canada Aviron is teaming up with Kontrol BioCloud to pilot its Safe Space Technology™ in the National Team Training environment
  • The Kontrol BioCloud viral detection technology is designed as a real-time analyzer to detect airborne pathogens, such as COVID-19
  • The system will be installed in the erg dome and medical treatment centre at the Pacific Institute for Sport Excellence in Victoria, BC

TORONTO , April 13, 2021 – Kontrol Technologies Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8) (” Kontrol Technologies ” or ” Kontrol ” or ” Company “) announces that Rowing Canada Aviron (“RCA”) is teaming up with Kontrol BioCloud to pilot its Safe Space Technology™ in the National Team Training environment. The Kontrol BioCloud viral detection technology is designed as a real-time analyzer to detect airborne pathogens, such as COVID-19. The system will be installed in the erg dome and medical treatment centre at the Pacific Institute for Sport Excellence in Victoria, BC .

“We developed BioCloud to help us get back to normal across all sectors of the economy, including athletics and sports,” said Kontrol CEO, Paul Ghezzi .  “We are delighted to share our Safe Space Technology with RCA and help create safer spaces for athletes.”

” Adding the Biocloud technology into our training centre will add another critical layer of safety and confidence to our existing Covid protocols, ” said Tricia McBride , RCA Lead Physiotherapist. ” This technology will help our medical staff ensure our athletes are training in the safest environment possible and allow our athletes to focus on their training without worrying about the air they are breathing. “

National team rowers have been training under strict COVID-19 protocols since the re-opening of the National Training Centre last May. Protocols include small training groups, masking, social distancing, handwashing, and thorough sanitizing of all equipment. The trialing of this innovative technology will further enhance the safety of these environments and ensure that our Olympic and Paralympic hopefuls can continue focusing on their training in the lead up to Tokyo . www.rowingcanada.org.

About Kontrol BioCloud TM

BioCloud is a real-time analyzer designed to detect airborne viruses. It has been designed to operate as a safe space technology by sampling the air quality over time. With a proprietary detection chamber that can be replaced as needed, viruses are detected, and an alert system is created in the Cloud or over local intranet. BioCloud has been designed for spaces where individuals gather including classrooms, offices, retirement homes, hospitals, mass transportation and others. Additional information about Kontrol BioCloud can be found on its website at www.kontrolbiocloud.com .

About Kontrol Technologies Corp.

Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol Technologies provides a combination of software, hardware, and service solutions to its customers to improve energy management, air quality and continuous emission monitoring.

Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com

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PlantX $VEGA $PLTXF Appoints Chef Matthew Kenney as Chief Culinary Officer, Announces Partnership with Matthew Kenney Cuisine, and Intention to Acquire Plant-Based Deli, LLC $VERY.ca $MEAT.ca $EATS.ca $VEGN.ca

Posted by AGORACOM-JC at 10:10 AM on Tuesday, April 13th, 2021
  • Appointed Matthew Kenney , a leading plant-based chef, as its new Chief Culinary Officer.
  • Kenney will combine his business acumen and vision for plant-based cuisine to revolutionize the culinary development at PlantX.
  • Kenney’s leadership role in the Company will be facilitated through a new five year partnership with MK Cuisine Global LLC, Kenney’s plant-based lifestyle brand.

VANCOUVER, BC , April 13, 2021 – PlantX Life Inc. (the ” Company ” or ” PlantX “) (CSE: VEGA ) (Frankfurt: WNT1) (OTC: PLTXF) is pleased to announce that it has appointed Matthew Kenney , a leading plant-based chef, as its new Chief Culinary Officer. Kenney will combine his business acumen and vision for plant-based cuisine to revolutionize the culinary development at PlantX. Kenney’s leadership role in the Company will be facilitated through a new five year partnership with MK Cuisine Global LLC (” MKC “), Kenney’s plant-based lifestyle brand.

Further, the Company has entered into a non-binding letter of intent (the ” LOI “) dated April 12, 2021 pursuant to which the Company proposes to acquire all of the outstanding limited liability membership interests of MKC’s Plant-Based Deli, LLC (” New Deli “). The LOI contemplates the acquisition of New Deli for an aggregate purchase price of US $1,569,999 and payable by a combination of cash and common shares of the Company (the ” Transaction “). The Transaction is subject to, among other things, the negotiation and execution of a definitive purchase agreement, the completion of satisfactory due diligence, customary closing conditions, and the receipt of any applicable shareholder, regulatory and Canadian Securities Exchange (” CSE “) approvals. The price and number of consideration shares to be issued will be determined during the course of negotiating the definitive purchase agreement and will be subject to the policies of the CSE. There can be no assurance that the Transaction will be completed as contemplated or at all.

As Chief Culinary Officer, Kenney will use his experience and expertise to lead PlantX’s culinary development program by spearheading the meal delivery vertical. Kenney will also be responsible for product selection design in the Company’s plant-based portfolio. Kenney is dedicated to recipe innovation and has a focus on culinary aesthetics, which will help refine menu items within PlantX’s current repertoire. Kenney, with his business and operations experience, will also guide initiatives at the Company’s previously announced brick-and-mortar locations in San Diego, California , Squamish, British Columbia and Tel Aviv, Israel .

“We are honored and humbled to have the godfather of vegan cuisine lead an important growth segment of PlantX,” said PlantX Founder, Sean Dollinger . “Matthew will provide invaluable wisdom that should give PlantX a competitive edge in the fast-growing plant-based space.”

New Deli is MKC’s Venice Beach , California retail location. New Deli is a sustainable and plant-based neighborhood bodega offering practical, everyday retail goods that range from household supplies and personal hygiene products to frozen foods, pantry staples, snacks, beer and wine. New Deli’s mission to bring conscious, sustainable and healthy products to their community aligns with the vision for the PlantX brick-and-mortar locations currently under development.

With this new partnership and upon the completion of the Transaction, the Company’s brick-and-mortar stores will be launched as New Deli by PlantX locations, operated by MKC. MKC’s experience will allow PlantX to focus on its e-commerce operations throughout North America and Europe . Kenney and MKC will also lead the Company’s menu development and meal delivery programs as the offering expands globally.

“We are thrilled to have Matthew bring his cutting-edge vision and talent to PlantX,” said Julia Frank , PlantX CEO. “In joining PlantX as Chief Culinary Officer, he will undoubtedly transform our culinary process.”

Kenney, a renowned health and wellness educator, will help cultivate knowledge on plant-based living among PlantX customers. He will serve as an ambassador for PlantX sharing PlantX’s mission, values and milestones with his dedicated audiences.

“My team and I are thrilled to work with PlantX and expand our presence through this partnership,” said Kenney. “We are looking forward to sharing our passion and expertise with the PlantX community.”

“Our new partnership with Matthew and MKC opens the doors to a myriad of opportunities,” said Alex Hoffman , PlantX CMO. “The partnership will also catalyze our brand awareness in the plant-based community and beyond.”

To learn more about the Company’s new partnership with Matthew Kenney and MKC, please join our news conference at 10:30 a.m. EST on April 13, 2021 . To join the news conference, click here .

Read more: https://agoracom.com/ir/PlantX/forums/discussion/topics/758955-plantx-appoints-chef-matthew-kenney-as-chief-culinary-officer-announces-partnership-with-matthew-kenney-cuisine-and-intention-to-acquire-plant-based/messages/2311737#message

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