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Heritage Cannabis Provides Initial $250,000 Financing to Empower Clinics $CBDT.ca for Joint Venture Extraction Facility $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $OGI.ca $FAF.ca

Posted by AGORACOM-JC at 8:07 AM on Friday, December 13th, 2019
  • Announced that its wholly-owned subsidiary, Empower Healthcare Assets Inc., has issued a convertible promissory note in the principal amount of CAD$250,000 to Heritage
  • Under the terms of the LOI, Empower and Heritage will each hold a 50% ownership interest in the JV entity.
  • Heritage, via its wholly owned subsidiary, Purefarma Solutions Inc. will install extraction units and related downstream extraction equipment inside Empower’s existing 5,000 sq. ft. licenced hemp processing facility in Sandy, OR.

HERITAGE CANNABIS HOLDINGS CORP. (CSE:CANN) (“Heritage”) provides $250,000 of funding to support the development of the previously announced Empower – Heritage Extraction Center Joint Venture (the “JV”) in Sandy, OR.

VANCOUVER, BC / December 13, 2019 / EMPOWER CLINICS INC. (CSE:CBDT)(OTC:EPWCF)(Frankfurt:8EC) (“Empower” or the “Company“), a vertically integrated and growth-oriented CBD life sciences company, is pleased to announce that its wholly-owned subsidiary, Empower Healthcare Assets Inc., has issued a convertible promissory note (the “Note“) in the principal amount of CAD$250,000 to Heritage, pursuant to an initial first funding under the letter of intent (the “LOI“) previously announced by the Company on September 17, 2019.

Under the terms of the LOI, Empower and Heritage will each hold a 50% ownership interest in the JV entity (“NewCo“). Heritage, via its wholly owned subsidiary, Purefarma Solutions Inc. (“Purefarma“), will install extraction units and related downstream extraction equipment inside Empower’s existing 5,000 sq. ft. licenced hemp processing facility in Sandy, OR. In addition, Purefarma will train and supervise staff on the proprietary methods of extraction and oil production that it utilizes in Canada. The JV will be equally funded by both companies, with Heritage investing an initial $500,000 for start-up funds, as the build-out completes and the JV secures high quality hemp supply from local growers.

“Securing the initial advance from Heritage demonstrates the confidence both companies have in being able to finalize a definitive agreement for the formation of the JV and commence full operations at the Sandy, OR facility,” said Steven McAuley, Empower’s Chairman and CEO. “Receiving the advance allows us to place purchase orders for equipment and complete 2020 state licensing requirements to begin product production, which is expected to be followed soon after by the set up of the hemp-derived CBD extraction equipment.”

“We at Heritage continue to be excited and optimistic about our potential with the large U.S. markets. Having a distribution partner like Empower and a licenced facility together are expected to allow us to accelerate our path to new revenue and support the order pipeline we are building,” said Clint Sharples, CEO of Heritage.

The Note bears interest at the rate of 2.0% per annum and will mature no later than December 31, 2021. The Note contains an optional conversion provision for Heritage to surrender the Note in exchange for shares in the capital of Empower. The number of Empower shares to be issued to Heritage will be based on the value of the shares at the close of business the day before this Note is surrendered to the Company, subject to a minimum conversion price of $●, being the closing price of the shares on the Canadian Securities Exchange (the “CSE“) on December ●, 2019.

A further optional conversion provision provides that, on or after the date when a definitive agreement is executed and delivered by the parties in connection with the JV, Heritage may surrender the Note to the Company in exchange for an equity interest in Newco equal to Heritage’s pro-rata cash investment in NewCo made pursuant to the Note, provided however, that the Company shall have 60 days to match Heritage’s contribution to NewCo, such that if the Company or an affiliate invests an amount equal to Heritage’s investment, the equity ownership in NewCo will be held equally by Heritage and the Company. Upon conversion, all amounts advanced under the Note shall be deemed to be an equity advance to NewCo for purposes of the JV.

The proceeds of the Note shall be used solely in connection with the JV and the incorporation of Newco. The proceeds shall not be used to repay the outstanding balance under any existing or future bank or credit facility or similar arrangement, including any scheduled payments of principal and interest.

The Note and any Empower shares issued thereunder will be subject to a statutory hold period of four months and one day from the date of the issuance of the Note under applicable Canadian securities laws, as well as resale restrictions under applicable United States securities laws. The issuance of the Note and any Empower shares are subject to the approval of the CSE. Neither the Note nor any of the Empower shares that may be issuable thereunder will be registered under the United States Securities Act of 1933, as amended, and none may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

ABOUT EMPOWER

Empower is a leading owner/operator of a network of physician-staffed clinics focused on helping patients improve and protect their health through innovative uses of medical cannabis. It is expected that Empower’s proprietary product line “Sollievo” will offer patients a variety of delivery methods of doctor recommended cannabidiol (CBD) based product options in its clinics, online and at major retailers. With over 165,000 patients, an expanding clinic footprint, a focus on new technologies, including tele-medicine, and an expanded product development strategy, Empower is undertaking new growth initiatives to be positioned as a vertically integrated, diverse, market-leading service provider for complex patient requirements in 2019 and beyond.

ABOUT HERITAGE CANNABIS HOLDINGS CORP.

The Company is a vertically integrated cannabis provider that currently has two Health Canada approved licenced producers, through its subsidiaries Voyage Cannabis Corp. and CannaCure Corp. both regulated under the Cannabis Act Regulations. Working under these two licences, Heritage has two additional subsidiaries, Purefarma Solutions, which provides extraction services, and BriteLife Sciences that is focused on cannabis based medical solutions. Heritage as the parent Company, is focused on providing resources for its subsidiaries to advance their products or services to compete both domestically and internationally.

ON BEHALF OF THE BOARD OF DIRECTORS:

Steven McAuley
Chief Executive Officer

CONTACTS:

Investors: Steve Low
Boom Capital Markets
[email protected]
647-620-5101

Investors: Steven McAuley
CEO
[email protected]
604-789-2146

For French inquiries: Remy Scalabrini, Maricom Inc., E: [email protected], T: (888) 585-MARI

DISCLAIMER FOR FORWARD-LOOKING STATEMENTS

This news release contains certain “forward-looking statements” or “forward-looking information” (collectively “forward looking statements”) within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Forward-looking statements can frequently be identified by words such as “plans”, “continues”, “expects”, “projects”, “intends”, “believes”, “anticipates”, “estimates”, “may”, “will”, “potential”, “proposed” and other similar words, or information that certain events or conditions “may” or “will” occur. Forward-looking statements in this news release include statements regarding: the proposed JV; the Company’s intention to open a hemp-based CBD extraction facility; the expected use of proceeds of the Note; the expected benefits to the Company and its shareholders as a result of the proposed JV. Such statements are only projections, are based on assumptions known to management at this time, and are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements, including that: Heritage and Empower may be unable to agree on terms of a definitive agreement with respect to the JV; that the Company may not open a hemp-based CBD extraction facility; that legislative changes may have an adverse effect on the Company’s business and product development; that the Company may not be able to obtain adequate financing to pursue its business plan; general business, economic, competitive, political and social uncertainties; failure to obtain any necessary approvals in connection with the proposed JV or extraction facility; and other factors beyond the Company’s control. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are cautioned not to place undue reliance on the forward-looking statements in this release, which are qualified in their entirety by these cautionary statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements in this release, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities laws.

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#Palladium posts all-time high that tops gold’s record price – SPONSOR: New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 5:14 PM on Thursday, December 12th, 2019

SPONSOR: New Age Metals Inc. The company owns one of North America’s largest primary platinum group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred. Learn More.

Palladium posts all-time high that tops gold’s record price

By: Allen Sykora

  • Palladium prices have once again hit a fresh all-time high, in the process exceeding gold’s record from nine years ago, as demand for the palladium in catalytic converters remains robust, traders and analysts said.

An additional impetus this week was continuing power issues in South Africa, some observers added.

As of 10:31 a.m. EST, spot palladium was up $26 to $1,922 an ounce and peaked at $1,935.30. Commerzbank analysts pointed out that this topped gold’s peak near $1,911 set back in 2011.

Platinum was up $2 to $938 an ounce and peaked at $944.40, its strongest level since Nov. 4.

TD Securities described the platinum group metals as “on fire as South African power woes add to supply concerns, particularly for palladium, which is in short supply.”

A desk trader downplayed the South African issue but emphasized the voracious demand for palladium in catalytic converters. The metal moved to a wide price premium over platinum in the two years, since palladium is used for catalytic converters in gasoline-powered cars, popular in the No. 1 and No. 2 car markets of China and the U.S.

“Palladium is trading strictly off of the fundamentals,” the trader said. “We have such strong demand…for catalytic converters.”

In particular, he explained, the consumption has increased in China and other countries due to more stringent environmental regulations. This has meant more loadings of palladium in each vehicle. In fact, some analysts said this has more than offset a decline in car sales during 2019.

“Palladium has been in a structural deficit for the last few years,” the desk trader said. “The increased demand due to higher emissions regulations in China, and a little bit in India, is just pushing that deficit deeper and deeper, which is driving the price…There is just a supply issue with people trying to get metal.”

Spot palladium has soared by 52% since the start of the year.

The trader said the South African power issues have been on traders’ radars for a while now. He pointed out that the load shedding has abated some from earlier in the week,
yet palladium has continued to rise anyway due to the strong demand, particularly from China.

“Even though we regard the steep price rise as exaggerated, there is no end in sight to the rally,” said Daniel Briesemann, metals analyst with Commerzbank. “Alongside palladium, platinum has also gained significantly for the second day in a row….This is probably related to the power outages in South Africa.”

Rolling power blackouts have occurred this week in South Africa, which along with Russia, is one of the world’s two leading producers of platinum group metals. This has impacted mining operations, which rely on electricity for operations that occur far below the ground, according to news reports.

Flooding after heavy rains exacerbated problems at public utility Eskom, according to news reports. The country’s president has also attributed some of the issues to suspected sabotage at power stations. Eskom provides more than 90% of South Africa’s power.

By Allen Sykora

For Kitco News

Source: https://www.kitco.com/news/2019-12-12/Palladium-posts-all-time-high-that-tops-gold-s-record-price.html

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SPONSOR: BetterU Education Corp. $BTRU.ca – Addressing India’s unemployability problem $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 3:30 PM on Thursday, December 12th, 2019
SPONSOR:  BetterU Education Corp. aims to provide access to quality education from around the world. The company plans to bridge the prevailing gap in the education and job industry and enhance the lives of its prospective learners by developing an integrated ecosystem. Click here for more information.

How to address India’s unemployability problem?

  • According to a report by KPMG and Google, the Indian edtech market is pegged to touch $1.96 billion by 2021.

Neernidhi Samtani

“Education is the most powerful weapon which you can use to change the world.”– Nelson Mandela

But how is one supposed to change the world if provided with outdated education?
How is one supposed to even progress if not provided with the platform to change the world after taking the education?

This is the state youth find themselves rather consistently. No, I’m not talking about Senegal or Syria. I’m talking about India which is not just largely unemployed but unemployable.

The unemployability problem

Let’s understand the difference first. Unemployability essentially means that even if there were available jobs, companies wouldn’t hire the student because he is largely substandard and lack skills worth paying for. Unemployability emerges from a wide gap between the level of student’s skills and knowledge resulting from his college education and in the level of what market demands.

The distressing growing number of educated youth (age 15-29) who are “Not in Employment, Education or Training (NEET)” had increased to 115 million in 2017-18 from 70 million in 2004-5 points to growing “unemployability” depicting a significant problem with education in India.

From my experience in educating students over the past 8 years I have gathered, after graduating most students from Tier 2 & Tier 3 colleges wander in metro cities learning about the market realizing the massive gap in their knowledge and market demand, taking a few short-term courses (computer & communication skills), going for some walk-in interviews and finally settle for anything they can find. This period ranges approximately from 1.5 to 2 years after college.

The “National Employability Report – Engineers 2016” (NERE), by Aspiring Minds, an employment assessment organization found out that nearly 80% of the graduating engineers are unemployable. The above figures reinforce the fact that only 20 per cent of the five million students who graduate every year get employed in India according to the Associated Chambers of Commerce and Industry of India (ASSOCHAM).

CP Gurnani, CEO & MD of Tech Mahindra resonates with the above findings in an interview given to TOI, “The top 10 IT companies take only 6% of the engineering graduates. What happens to the remaining 94%? If you come to Tech Mahindra, I have created a five-acre tech & learning center. For learnability, skill development and being ready for the market, the onus is now shifting onto the industry.”

Reasons behind unemployability

During all the razzmatazz in the post-liberalisation era while the “mass recruiters” propelled the service economy at the rate of 9% annually, AICTE approved engineering institutes grew to 10,396 in 2018 from a mere 337 in 1991.

But as with every fairy tale, bubbles burst, realities change and supply becomes more than the demand.

Careers started going for a toss and unemployability becomes a two-fold problem in India:

1. Student Mindset: Many are living a myth: getting into a college is the door to a great career.

They fail to seek meaningful advice from the right stakeholders and not just with peers who still believe in the myth of “engineering royalty”.

Only 3.84 per cent of engineers in the country have the technical, cognitive and linguistic skills required for software-related jobs in startups. A recent study by the University of Exeter in the UK listed skills like communication, problem-solving, being self-motivated, organizational, team spirit, adaptability, negotiation as inevitable to the hiring process. Students from Tier 2 & Tier 3 fall short in these parameters in a considerable way and rarely strive to learn these.

Apart from a lack of internships, engineers also have low employability because only 36 per cent do projects beyond their curriculum.

2. Outdated Curriculum and Reluctant Colleges: Student attendance writing assignments are given a priority rather than acquiring expert faculty.

Colleges are not able to upgrade and keep up with the pace of advancement in the market in terms of curriculum and expert faculty. The jobs of the glorified past are becoming redundant. Though the demand for skills like artificial intelligence, machine learning, data science, digital marketing and mobile development has been shooting up, only 3 per cent of engineers have these new-age technological skills.

Only 40 per cent of engineering graduates do an internship, while a mere 7 per cent of students do multiple internships and colleges play little or no part in the procurement.

The subjects are taught in a very theoretical manner. Whereas 60 per cent of faculty doesn’t talk about the application of concepts in the industry, only 47 per cent of the engineers attend any industry talk.

Employability vs Employment (NERE)

EmployableGot an Interview OpportunityReached Final RoundEmployedAverage Salary
19.11 %72.64 %51.66 %19.91 %3,13,000

Possible solutions

After the IT services and engineering institutes revolution, India saw a third revolution- Start-ups.

According to a report by KPMG and Google, the Indian edtech market is pegged to touch $1.96 billion by 2021.

The best possible solutions to the unemployability problem can be obtained through strategic partnerships and collaborations between Startups, Institutes and Industry.

Startups have a better chance of solving these challenges simply because they have the ability to aggregate and accelerate. When all these stakeholders work as a team with a focus on employability to offer industry-oriented quality education, which can advance as quickly as the technology it can bring about a paradigm shift in mainstream education:

Student Awareness: Students need to learn that one-time education (degrees) will neither guarantee them jobs nor will last through entire working career. Companies are shifting from hiring based on credentials to hiring based on a candidate’s portfolio/projects and experience.

Institute collaborations EdTech startups can collaborate with institutes which provide infrastructure and accreditations keeping the business models “asset light”. Startups can either take the on-campus “Bootcamps” way (E.g. PESTO) providing 2-6 months- coding, soft skills, mock interviews, workshops, industry talks and new age technology courses along with placements in internships or the full take-over way (E.g. Sunstone Eduversity) where the responsibilities for admissions, academics (program design, curriculum, and pedagogy), and placements are presided completely by the startup.

Industry collaborations Startups can diligently make industry collaborations with industry experts and stalwarts for helping prepare a better curriculum in resonance with current market scenario and bringing industry leaders as expert faculty on-board(can be a mix of online-offline lectures) which would help students understand market demands. Collaborations should focus on providing hands-on experience in terms of internships. Placing these students is easier because of trust due to industry collaborations.

Certification Collaborations Institutes or startups can collaborate with other strategic partners like foreign universities and renowned private education companies using their industry-oriented curriculums and opening up new avenues like digital marketing, AI & ML, big data, cloud computing, etc.

We need change. We need it now. We need it at a pace which can only be achieved through strategic collaborations. We need dozens of such startups to keep with the pace of technology advancements. DISCLAIMER : Views expressed above are the author’s own.   Source: https://timesofindia.indiatimes.com/blogs/the-growth-catalyst/how-to-address-indias-unemployability-problem/

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Tartisan #Nickel $TN.ca – Nickel prices hit 2-week high $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca

Posted by AGORACOM-JC at 11:38 AM on Thursday, December 12th, 2019

SPONSOR: Tartisan Nickel (TN:CSE)  Kenbridge Property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper. Tartisan also has interests in Peru, including a 20 percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property. Click her for more information

Tc logo in black

Nickel prices hit 2-week high

  • Nickel prices hit their highest in nearly two weeks on Thursday, as investors who bet on falling prices had to buy in at a strong support level.

By Mai Nguyen

SINGAPORE, Dec 12 (Reuters) – Nickel prices hit their highest in nearly two weeks on Thursday, as investors who bet on falling prices had to buy in at a strong support level.

Nickel prices have fallen in the past weeks to touch a five-month low of $12,900 a tonne on the London Metal Exchange (LME) on Tuesday, as the market viewed prices more expensive than supply and demand fundamentals indicated.

“$13,000 was a critical number to defend,” said a trader.

Three-month nickel on the LME on Thursday climbed as much as 0.9% to $13,980 a tonne, its highest since Nov. 29.

The most-traded nickel contract on the Shanghai Futures Exchange (ShFE) jumped as high as 3.5% to 110,570 yuan ($15,708.42) a tonne, nearing a two-week high, before ending at 110,190 yuan a tonne, up 3.1% from the previous close.

Other nickel industry players said that a royalty hike in top nickel ore producer Indonesia contributed to a bullish view on prices, but they expressed uncertainty over how long the upward trend could last.

FUNDAMENTALS

* SPREAD: The LME cash nickel contract was last at a $65 a tonne discount to the three-month contract, suggesting sufficient nearby supplies.

* NICKEL STOCKS: LME on-warrant nickel inventories, or those available to the market, rose to a 2-1/2-month high at 67,248 tonnes. MNISTX-TOTAL

* ALUMINIUM STOCKS & SPREAD: LME headline aluminium stocks MALSTX-TOTAL jumped to their highest since April 2018 at 1.33 million tonnes, and the spread between the cash and three-month contract flipped to a discount of $8.75 a tonne after mostly holding in the premium zone for around a month. CMAL0-3

* OTHER PRICES: LME zinc advanced 1.3% to $2,250 a tonne at 0712 GMT, while copper fell 0.3% to $6,139 a tonne and aluminium rose 0.3% to $1,766 a tonne. ShFE copper rallied 0.5% to 49,030 yuan a tonne and zinc jumped 1.1% while aluminium fell 0.3%.

Source: https://www.reuters.com/article/global-metals/metals-nickel-prices-hit-2-week-highs-as-investors-cover-short-positions-idUSL4N28M1AN

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ThreeD Capital Inc. $IDK.ca – Four #Crypto Projects to Keep Tabs on in 2020 #Bitcoin #Ethereum $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 10:33 AM on Thursday, December 12th, 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.

Four Crypto Projects to Keep Tabs on in 2020

Guest Author

The cryptocurrency world has more than its fair share of self-proclaimed clairvoyants. Whether it’s traders predicting great things for a digital token that’s set to launch, or a journalist touting the next groundbreaking Web3 project, future-gazing is a popular pastime.

With so many crypto projects in the offing, and so many supposed psychics pulling you in different directions, it can be tough to know who or what to believe. Even studious observers of the cryptoeconomy have difficulty reaching consensus on the next sure thing. If 2019 has been any indication, however, the following projects are likely to generate even bigger waves in 2020

Saga

Saga is a highly ambitious monetary venture which seeks to position its digital token, SGA, as a truly global currency. The UK-based company has been tirelessly working on perfecting and polishing its monetary and governance models for the past two years ahead of the ERC20 token launch on December 10. Initially backed by a basket of national currencies replicating the IMF’s SDR, the idea is that, as user trust in SGA grows, reliance upon reserves will decrease and SGA will, as it were, stand on its own two feet.

The industry experience of the Saga team certainly nourishes the perception that the project may launch into the stratosphere. Its advisory board includes Professor Jacob A. Frenkel, PhD, chairman of JPMorgan Chase International and former governor of the Bank of Israel, and Professor Myron Scholes, Nobel Laureate in Economic Sciences and Professor Emeritus at Stanford University. With such economic heavyweights behind it, Saga has already attracted $30m of seed funding from a collective of partners including Vertex Ventures. Watch this space.

Fetch.ai

An AI-powered blockchain that launched in 2019, Fetch allows organizations to pose questions about datasets residing on other companies’ servers; payments, meanwhile, will be made with digital tokens. In the Fetch model, Autonomous Economic Agents (AEA) are utilized to connect IoT devices and algorithms, with the net result a form of collective super-intelligence built atop a decentralized economic internet. Got that?

Fetch recently set to work developing a decentralized metals exchange with several Turkish steelmakers. The new DEX will integrate AI-accelerated blockchain solutions to facilitate greater participation and improved liquidity in the trading of steel, base metals and other commodities. It’s yet another example of blockchain/AI tech feeding into traditional industries, and when you consider that Fetch’s goal is to bring smart cities from concept to reality – improving infrastructure like energy utility grids in the process – you can’t help but think 2020 is going to be a massive year for the crypto project.

RSK

RSK is an open-source, Bitcoin-backed smart contract platform. Encompassing multiple components including the Root Infrastructure Framework Token (RIF Token), RIF Open Standard (RIFOS), and Smart Bitcoin (RBTC), the second-layer protocol seeks to become a key player in the development of Bitcoin-anchored decentralized finance, permitting smart contracts and dApps to utilize the ecosystem’s renowned security.

Its parent company, IOV Labs, also acquired Latin America’s biggest social media platform Taringa, and it’ll be fascinating to see what implementations are introduced in the next 12 months. With 30 million users, Taringa has a ready made community for experiencing the benefits of decentralized finance, including open access and trustless trade, wrapped in a user-friendly interface courtesy of RSK’s smart contract solution.

QAN

The threat of quantum computing is certain to intensify in the years ahead. Hell, Google says they’ve already reached quantum supremacy in 2019. In any case, quantum-proof blockchain platform QAN stands in a good position to capitalize. It uses sophisticated Lattice cryptography to future-proof against quantum cyber attacks which could break existing blockchain platforms like Ethereum. The result is a highly scalable, developer-friendly platform that can run smart contracts in all major programming languages.

QAN uses a Proof-of-Randomness (PoR) consensus to ensure low energy consumption and is 100x quicker than Ethereum, with a TPS of 97k for enterprise (POA) chains. The team has been busy shouting about QAN’s many benefits at various crypto events throughout 2019, so expect more of the same in 2020. Particularly since QAN’s IEO is due to commence soon on BitBay exchange, bringing its token to a wider audience of traders and developers.

There you have it: four innovative projects making plenty of noise in the cryptosphere, and unlikely to lower their pitch in 2020. You’d do well to keep tabs on all of them.

Source: https://www.newsbtc.com/2019/12/08/four-crypto-projects-to-keep-tabs-on-in-2020/

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Posted in Bitcoin, Blockchain stocks, Smallcap Blockchain stocks, ThreeD, ThreeD Capital | Comments Off on ThreeD Capital Inc. $IDK.ca – Four #Crypto Projects to Keep Tabs on in 2020 #Bitcoin #Ethereum $HIVE.ca $BLOC.ca $CODE.ca

NORTHBUD $NBUD.ca – Canadians spent $908M at #cannabis stores since legalization, StatCan says $CGC $ACB $APH $CRON.ca $HEXO.ca $OGI.ca

Posted by AGORACOM-JC at 5:30 PM on Wednesday, December 11th, 2019

SPONSOR: NORTHBUD (NBUD:CSE) Sustainable low cost, high quality cannabinoid production and procurement focusing on both bio-pharmaceutical development and Cannabinoid Infused Products. Learn More.

Canadians spent $908M at cannabis stores since legalization, StatCan says

  • Canadians spent $907,833 on non-medical cannabis between October 2018 and September 2019, the agency said, which works out to $24 per capita.

THE CANADIAN PRESS/Justin Tang

OTTAWA – Canadians spent about $908 million on non-medical cannabis in the first year since legalization, but online sales dropped as more brick-and-mortar locations opened, said Statistics Canada.

Canadians spent $907,833 on non-medical cannabis between October 2018 and September 2019, the agency said, which works out to $24 per capita.

Canada legalized cannabis on Oct. 17, 2018, becoming the second country in the world – after Uruguay – to legalize the drug. Demand initially appeared to outstrip supply as retailers warned of a pending shortfall of product.

Over the year, demand appeared to be highest in the sparsely populated Yukon where sales per capita led the other provinces and territories at $103, according to Statistics Canada. It was not able to provide data for Nunavut – the only area without a physical store.

Prince Edward Island sales per capita were the second highest at $97, while B.C. ranked lowest at $10.

Throughout the year, Canadians’ access to cannabis stores increased. The number of retail stores jumped from 217 this past March to 407 in July, according to the agency.

Alberta boasts the highest number of stores at 176 and B.C. took second place with 57 stores. Nunavut had the fewest with zero, followed by Prince Edward Island and the Yukon, both of which have four.

Nineteen per cent of Canadians lived three kilometres from a cannabis store as of July 2019. Thirty per cent lived 30 kilometres away and 45 per cent lived within 10 kilometres.

Albertans enjoyed the closest proximity to a store of any province, with half of the population living within three kilometres of a cannabis outlet. That figure rises to 63 per cent for five kilometres and 70 per cent for 10 kilometres.

Ontarians lived the furthest from cannabis stores on average. Nine per cent of the population resided three kilometres from a cannabis store. Eighteen per cent lived five kilometres away and 33 per cent were 10 kilometres away.

As the number of physical stores increased, the share of online sales dropped from 43.4 per cent in October 2018 to 5.9 per cent in September 2019.

“While online cannabis retail ensures access to all Canadians regardless of proximity to a physical store, accessibility continues to improve as more stores open across the country,” wrote Statistics Canada in its paper.

This report by The Canadian Press was first published Dec. 11, 2019.

Source: https://www.cp24.com/lifestyle/canadians-spent-908m-at-cannabis-stores-since-legalization-statcan-says-1.4725872

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SPONSOR: BetterU Education Corp. $BTRU.ca – 10 Ways #Edtech Advances Are Shaking Up Education $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 11:37 AM on Wednesday, December 11th, 2019
SPONSOR:  BetterU Education Corp. aims to provide access to quality education from around the world. The company plans to bridge the prevailing gap in the education and job industry and enhance the lives of its prospective learners by developing an integrated ecosystem. Click here for more information.

10 Ways Edtech Advances Are Shaking Up Education

  • The development of edtech isn’t expected to slow down any time soon.
  • No traditional teaching methods can compete with the levels of student attentiveness, availability and convenience that edtech currently offers.
  • Professionals from Forbes Technology Council look at the most compelling recent advances in edtech, and why they’re such a big deal to education in the 21st century.

Expert Panel, Forbes Technology Council

Education technology or edtech offers unique opportunities for student development. The roots of edtech in whiteboards, projectors and tablets have given rise to popular learning platforms. Now, students can access on-demand courses, and learn whatever they want thanks to technological advances in the field. Companies can provide classes to their workers the same way, allowing them to leverage industrial edtech for their own business needs and purposes.

The development of edtech isn’t expected to slow down any time soon. No traditional teaching methods can compete with the levels of student attentiveness, availability and convenience that edtech currently offers. Professionals from Forbes Technology Council look at the most compelling recent advances in edtech, and why they’re such a big deal to education in the 21st century.

1. Online Learning Platforms

Digital transformations are now letting students ditch the physical classroom. You can learn everything from coding skills to personal finance basics from resources like Coursera. These programs are taught by industry leaders who are aligned with current trends and needs in the job market. You learn more valuable and relevant skills in a shorter amount of time compared to traditional education. – Marc Fischer, Dogtown Media LLC

2. Live Online Tutoring

Live online tutoring used to be relegated to English-language teachers who had to wake up at odd hours to meet their pupils online. As a more accessible option, the schedules of parents and kids no longer need to coordinate, reducing traffic on the roads and carbon emissions. It also allows parents to be more selective in their tutors instead of going with whoever can accommodate their schedule. – Arnie Gordon, Arlyn Scales

3. Educational Phone Apps

Instead of fighting with students to keep them away from their beloved phones, how about using smartphones to help them learn? We need more simple, high-quality apps like Grasshopper. Apps need to have bite-sized chapters that are small but super focused. The interface should also be simple and intuitive. The more interactive the content is, the higher the learning will be. Edtech is fun with these apps. – Vikram Joshi, pulsd

4. Virtual, Augmented And Contextual Tools

Virtual and federated tools have lowered the barrier of entry, making knowledge more accessible and learning experiences more global. Augmented reality, along with contextually relevant, on-the-job learning systems, have brought an exponentially differentiated experience to students. They have also demonstrated a greater ability for students to commit new concepts to memory and recall concepts faster when the knowledge and skill is required. РFlorian Quarr̩, Exponential AI

5. Extended Reality Technology

Extended reality (XR) moves students away from traditional lectures toward more engaging, immersive learning experiences within a simulated real-world space. Other benefits include increased comprehension levels and long-term memory retention among students. Best of all, as the technology enters the mainstream market, XR will be an affordable teaching option for many educational institutions. – Christopher Yang, Corporate Travel Management

6. Faculty Tech

Classroom edtech isn’t the only thing that’s been booming. There’s a huge trend in primary and higher education systems using new technology to track and monitor their strategic and operational plans. It’s really interesting to see the difference in the past few years as universities in particular have shifted from tracking plans in spreadsheets to using integrated plan management tools. – Christy Johnson, AchieveIt

7. Screencasting

Screencasting has changed the dynamics of the classroom as it offers both teachers and students the freedom to actively engage with the lessons. It has helped teachers untether from the front of the classroom and empowered students to share their work. This results in overall higher engagement amongst the students, but in a fun and interesting manner more importantly! – Mihir Shinde, B&H Photo Video Pro Audio

8. Gamification

One of my favorite edtech advancements has been gamification in the classroom. Gamification is being applied to educational environments through different pieces of software in the marketplace. This enables greater student interaction in the classroom and in place of traditional homework. I am a big fan of gamification in education as it gets students more excited about learning. – Marcus Turner, Enola Labs

9. Professional-Grade Tools

Giving students professional-grade tools means they have the ability to produce amazing things. Google’s G Suite and Chromebooks give students professional tools at budget prices without any of the fluff or bloatware of other solutions. Schools that deploy these tools are more likely to have students that enter the workforce with experience and familiarity with enterprise offerings. – Tom Roberto, Core Technology Solutions

10. Collaboration

I’ve seen some great edtech tools come and go, but one tool that has stuck out is Flipgrid. It effectively combines the preferred way students like to share with the way educators set instructional goals. By coupling these two, students and teachers can collaborate, share and connect. It’s one of the tools that is enabling engagement beyond traditional instruction. – Tyler Shaddix, GoGuardian

Source: https://www.forbes.com/sites/forbestechcouncil/2019/12/10/10-ways-edtech-advances-are-shaking-up-education/#3540a30053cb

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B.C. seaplane company makes history with test flight of first commercial #e-plane SPONSOR: $HPQ.ca Silicon $FSLR $SPWR $CSIQ $PYR.ca $XMG.ca

Posted by AGORACOM-JC at 8:38 AM on Wednesday, December 11th, 2019

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B.C. seaplane company makes history with test flight of first commercial e-plane

  • Team expects innovation in the battery industry to continue in the same way for aviation as it has for electric cars
  • key will be developing batteries that are more compact at the same time that they are more powerful.
  • Test flight used lithium-ion batteries because they are the most “tried and true,”

After landing, Harbour Air CEO and pilot Greg McDougall said it felt just like flying any other plane, only with more kick.

Amy Smart, The Canadian Press December 10, 2019

As Greg McDougall prepared to fly the world’s first all-electric commercial aircraft Tuesday morning, he said “nervous” wasn’t quite the word to describe how he was feeling.

The fact that the Harbour Air CEO would be the first person to take the modified de Havilland Beaver on a full test flight didn’t faze him, nor did knowledge of a charging glitch the night before.

McDougall had gone for a dinner break Monday evening while a crew of designers and engineers stared at their computers with furrowed brows, and he returned later to find them smiling and laughing, crisis averted.

“The emotion isn’t necessarily excitement, it’s more sort of anticipation and focus,” he said.

Harbour Air pilot and CEO Greg McDougall talks to media after completing the world’s first all-electric, zero-emission commercial aircraft test flight in a 62 year old de Havilland DHC-2 Beaver from Vancouver International Airports South Terminal on the Fraser River in Richmond on Tuesday. DON MACKINNON / AFP via Getty Images

With the sun hanging low over the Fraser River in Richmond, McDougall shifted the throttle into gear and took off. After landing, he said it felt just like flying any other plane, only with more kick.

“For me, that flight was just like flying a Beaver but it was a Beaver on electric steroids,” he said, adding he had to throttle back in order to delay the takeoff to be in line with about a dozen cameras.

“It wanted to fly. With the tailwind it was going to leap off the water.”

The brief but successful test flight marked a significant win for Harbour Air and partner magniX, which designed the electric motor, in the race to electrify commercial aviation fleets.

Harbour Air pilot and CEO Greg McDougall flies the world’s first all-electric, zero-emission commercial aircraft during a test flight in a de Havilland DHC-2 Beaver from Vancouver International Airports South Terminal on the Fraser River in Richmond on Tuesday. DON MACKINNON / AFP via Getty Images

Dozens of companies are working on electric planes, including Boeing and Airbus. Israeli company Eviation unveiled a nine-seat, all-electric plane named “Alice” at the Paris Air Show in June, which also happens to be a magniX project.

Roei Ganzarski, CEO of Seattle-based engineering firm magniX, described the test flight as the beginning of a revolution in aviation.

In 1903, the Wright brothers made history with the first successful flight and, in 1939, the Heinkel jet launched the jet age, he said.

“Since 1939, we’ve pretty much stayed stable. Today that team made history,” Ganzarski said, gesturing toward the design team.

Harbour Air announced in March that it had partnered with magniX with the goal of becoming the world’s first all-electric airline.

The 62-year-old Beaver was outfitted with a 750-horsepower electric motor, which gives it capacity to fly about 160 kilometres before needing a recharge.

Harbour Air pilot and CEO Greg McDougall flies the world’s first all-electric, zero-emission commercial aircraft during a test flight in a de Havilland DHC-2 Beaver from Vancouver International Airports South Terminal on the Fraser River in Richmond on Tuesday. DON MACKINNON / AFP via Getty Images

Weight, altitude and storage remain the biggest barriers to flying electric. A mid-sized passenger plane weighs 100 times as much as a mid-sized car and the battery technology hasn’t quite adjusted to the aviation market.

Fuel also remains about 40 to 50 times more power dense than batteries, Ganzarski said. But the team expects innovation in the battery industry to continue in the same way for aviation as it has for electric cars. The key will be developing batteries that are more compact at the same time that they are more powerful.

The test flight used lithium-ion batteries because they are the most “tried and true,” but there are already others on the market that are more powerful, McDougall said.

“The evolution of lithium batteries is constant and there are literally billions of dollars being poured into that technology as we speak,” he said.

In the meantime, Ganzarski said the market is there for electric planes to take off around the world.

Harbour Air Pilot and CEO Greg McDougall taxis to the water to fly the world’s first all-electric, zero-emission commercial aircraft during a test flight in a de Havilland DHC-2 Beaver from Vancouver International Airports South Terminal on the Fraser River in Richmond on Tuesday. DON MACKINNON / AFP via Getty Images

Forty-five per cent of flights worldwide cover distances of 800 kilometres or less, and five per cent cover distances under 160 kilometres, he said.

Exactly when the electric aircraft will be approved for commercial flight is unclear as Transport Canada will be entering new territory.

But McDougall said the goal is to get passengers on Harbour Air electric flights within two years.

The operating costs are between 50 and 80 per cent lower than combustion engines and ultimately, that will mean lower ticket prices for passengers, he said.

Harbour Air covers 12 routes and operates about 30,000 flights a year between Vancouver, Victoria, Seattle and other locations.

Source: https://vancouversun.com/news/local-news/harbour-air-company-tests-first-commercial-electronic-aircraft-in-richmond

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Esports Entertainment Group $GMBL.ca Announces Closing of $1 Million Private Placement $TECHF $ATVI $TTWO $GAME $EPY.ca $FDM.ca $TNA.ca

Posted by AGORACOM-JC at 8:22 AM on Wednesday, December 11th, 2019
  • Company entered into securities purchase agreements with four accredited investors
  • Pursuant to the Purchase Agreements, in the final tranche, the Company issued the Investors convertible promissory notes in the aggregate principal amount of $550,000 (including a 10% original issue discount) and Warrants to purchase an aggregate of 916,667 shares of the Company’s common stock, par value $0.001 per share

BIRKIRKARA, Malta, Dec. 11, 2019 – Esports Entertainment Group, Inc. (OTCQB: GMBL) (or the “Company”), a licensed online gambling company with a focus on esports wagering and 18+ gaming, is pleased to announce the closing, on December 6, 2019, of the final tranche of its private placement offering (the “Offering”) whereby the Company entered into securities purchase agreements (the “Purchase Agreements”) with four (4) accredited investors (the “Investors”). Pursuant to the Purchase Agreements, in the final tranche, the Company issued the Investors convertible promissory notes (the “Notes”) in the aggregate principal amount of $550,000 (including a 10% original issue discount) and Warrants to purchase an aggregate of 916,667 shares of the Company’s common stock, par value $0.001 per share (the “Warrants”).

The Notes accrue interest at a rate of 5% per annum and are initially convertible into shares of the Company’s common stock at a conversion price of $0.60 per share, subject to adjustment. The Notes contain customary events of default and mature one year from the date of issuance.

Pursuant to the Purchase Agreements, each Investor was entitled to 100% Warrant coverage, such that such Investor received the same number of Warrants to purchase shares of the Company’s common stock as is the number of shares of common stock initially issuable upon conversion of its Note as of the date of issuance. The Warrants are exercisable for a period of three (3) years from the date of issuance at a price of $0.75 per share, subject to adjustment.

Grant Johnson, CEO of Esports Entertainment Group, stated: “This is another major milestone for our Company. This financing will allow us to complete initiatives that have been announced over the past several months, as we look towards building our business and our brand in order to return shareholder value.”

Joseph Gunnar & Co., LLC acted as Placement Agent in connection with the Offering.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such jurisdiction.

This press release is available on our Online Investor Relations Community for shareholders and potential shareholders to ask questions, receive answers and collaborate with management in a fully moderated forum https://agoracom.com/ir/EsportsEntertainmentGroup

RedChip investor relations Esports Entertainment Group Investor Page: 
http://www.gmblinfo.com

ABOUT ESPORTS ENTERTAINMENT GROUP

Esports Entertainment Group, Inc. is a licensed online gambling company with a focus on esports wagering and 18+ gaming. Esports Entertainment offers bet exchange style wagering on esports events in a licensed, regulated and secure platform to the global esports audience at vie.gg. In addition, Esports Entertainment intends to offer users from around the world the ability to participate in multi-player mobile and PC video game tournaments for cash prizes. Esports Entertainment is led by a team of industry professionals and technical experts from the online gambling and the video game industries, and esports. The Company holds a license to conduct online gambling and 18+ gaming on a global basis in Curacao, Kingdom of the Netherlands. The Company maintains offices in Malta and Warsaw, Poland. Esports Entertainment common stock is listed on the OTCQB under the symbol GMBL. For more information visit www.esportsentertainmentgroup.com

FORWARD-LOOKING STATEMENTS
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.

Contact:

Corporate Finance
+356-2757-7000 (Malta)
[email protected]

Media & Investor Relations Inquiries
AGORACOM 
[email protected]
http://agoracom.com/ir/eSportsEntertainmentGroup

U.S. Investor Relations 
RedChip 
Dave Gentry
407-491-4498
[email protected]

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ThreeD Capital Inc. $IDK.ca – London Startup #Aurus Launches Gold-Backed #Crypto Token, Possibly Opening The #Gold Market To New Investors #Bitcoin #Ethereum $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 3:50 PM on Tuesday, December 10th, 2019

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London Startup Aurus Launches Gold-Backed Crypto Token, Possibly Opening The Gold Market To New Investors

  • Stablecoins offer the potential for crypto to be used as day-to-day payments because their value is pegged to an underlying asset, where price stability is more consistent. 
  • Still, the middleman sitting in-between buyer and seller exists to exchange digital assets into traditional fiat currency

By: Robert Anzalone

The idea that crypto coins can be used for everyday goods and services is not a reality, yet. Stablecoins offer the potential for crypto to be used as day-to-day payments because their value is pegged to an underlying asset, where price stability is more consistent. Still, the middleman sitting in-between buyer and seller exists to exchange digital assets into traditional fiat currency. Typically, stablecoins, like Paxos or USDT, are used in the crypto market as hedging instruments or as value stores. Payment pipelines for everyday purchases are essential, and only when seamless integration is a reality can the public reap the benefits of a more streamlined infrastructure, as some blockchain purists promise. When we examine what is under the hood of our payment systems, we can see where blockchain innovation could transform older infrastructure into something better. 

If we look at the evolution of stablecoins as an innovation in payments, how they are regulated and hold value creates new risks for investors. Stablecoins have been criticized over the past year as potentially not being as price stable as believed. However, the market for this type of security has grown significantly and is becoming more crowded with new coins. Are stablecoins something worth integrating into our economy? How does the crypto industry design a way where decentralized technology creates an independent and non-controlled currency that can be used for everyday transactions? Can the reality of digital gold be achieved and utilized as a form of payment? 

Aurus – newly launched – has created a form of tokenized gold, and represents an actual ownership stake in physical gold. This adaptation is an innovation from existing stablecoins that could decrease the middleman footprint and could expand the traditional gold market.

I interviewed Guido Van Stijn, who is the CEO of Aurus. Aurus is a software company that provides tokenization-as-a-service (TaaS) that enables the gold market to autonomously tokenize their gold into AurusGOLD (AWG). Mr. Van Stijn explained that each AWG token is collateralized and redeemable for 1 gram of physical gold. As described to me, AWG will not be controlled by a government and exists as an ERC-20 token. The claim being regardless if Aurus survives as a company, the gold-backed token will survive on as an asset, just as a gold bar would. This is a unique approach to tokenization because each coin is traceable to a specific gold bar registration. Unlike ownership in a gold exchange-traded fund, which is an equity and does not represent physical gold ownership, AWG states that it is actual gold ownership.

Using a tokenized asset like a gold-backed token could be a benefit to the traditional gold buyer. The AWG tokens are sold at just a fraction above the gold spot price. Mr. Van Stijn explained, “Our processes are different than other gold-backed projects. All gold-backed stablecoins currently on the market have a centralized minting process. Meaning the company itself will, at some point, hold the gold. By digitally replicating the traditional gold market, Aurus is the first project to create a self-sustaining ecosystem made up of gold providers, vaults, and distributors that work together to produce a semi-decentralized gold-backed cryptocurrency.”

To allow the self-sustaining ecosystem to exist, Aurus circulates a second hybrid utility token, AurusCOIN (AWX). Mr. Mark Gesterkamp, the Business Development Director for Aurus, said, “AWX is limited to a total supply of 30,000,000 units, deriving transactional fees from the usage of AWG. AWX offers investors the opportunity to buy into the future growth of Aurus.” Mr. Van Stijn said, “As people around the world trade AWG, 70% of all the generated transaction fees are proportionally distributed across all AWX holders (paid in AWG). The remaining 30% of the generated fees are allocated towards the ecosystems’ operational costs as follows: 15% to gold providers, 15% to vault partners.” For the first time, market participants can generate a passive income stream on the bullion they sell.  

Who wants gold when you can have Bitcoin?

There is nothing special about gold-backed stablecoins in crypto. But Aurus has created something different that bridges the gap between traditional gold trading and the crypto world. More importantly, access to the gold market can be achieved without the need for gold brokers. The claim made by Mr. Van Stijn is that his method lowers the barriers of entry for public gold investment.

Tony Dobra, who sits on the Aurus advisory board, formally a general manager of Baird & Co., believes that AWG is unique. Mr. Dobra said, “While it is not the only gold on the blockchain, it is the most truly gold-based trade available in crypto. Via the AWG cryptocurrency, producers, refiners, and traders can tokenize their gold in multiple locations of their choice and trade the underlying gold on several platforms and exchanges. Because there are multiple locations, providers, and traders, the best price can be obtained. You are not limited to just one location or one price provider.”

Aurus expects and is working to achieve a state where AWG will create more liquidity in the gold market. More importantly, the team at Aurus explained their main goal is for AWG to be used for everyday transactions, i.e., have AWG be used like cash for everyday purchases. While there is a long way to go before this is a reality, the Aurus project seems to be a shift in the direction of asset-backed digital currency. If this works, commodity and precious metal trading could be influenced to follow suit. As for use in payments, stablecoins like AWG, still require an exchange mechanism at the point of sale. Time will tell if this style will become publicly adopted.

Source: https://www.forbes.com/sites/robertanzalone/2019/12/09/london-start-up-aurus-launches-gold-backed-crypto-token-possibly-opening-the-gold-market-to-new-investors/#1049f0027a98

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