Posted by AGORACOM
at 5:33 PM on Friday, March 13th, 2020
VANCOUVER, BC / March 13, 2020 / Mota Ventures Corp. (CSE:MOTA)(FSE:1WZ1)(OTC:PEMTF) (the “Company“)
is excited to announce that for the month of February 2020, its First
Class CBD brand achieved sales of Cdn$2,981,000, with related expenses
for the same time period totaling Cdn$2,814,000. Due to accelerated
marketing efforts in late January 2020, the brand was able to improve
gross margins by 4.9% from January 2020 to February 2020. The Company
anticipates these efforts will yield a further positive impact on
revenue and margin in subsequent months. Sales for February 2019 were
Cdn$320,000; therefore, February 2020 represents an increase of 832%
over the same period last year.
First Class offers a CBD hemp-oil formulation intended to provide
users with the therapeutic benefits that hemp may offer. The hemp oil
used in the products is derived from hemp grown and cultivated in the
United States. The extraction process is designed to maintain all the
beneficial qualities that hemp may offer. First Class offers a range of
products, which include CBD oil drops, CBD gummies, CBD pain relief
cream, CBD skin serum and CBD coffee. The Company plans to continue
growth of First Class in the United States over the balance of 2020, as
well as an expansion into the European market.
“I am extremely pleased with the performance of the First Class brand
through the beginning months of 2020. The continued growth we are
experiencing is evidence of the strong consumer demand in the CBD
market. While eCommerce demand is generally weakest in January and
February, we continue to demonstrate our leadership through achieving
approximately Cdn$5,874,000 in revenue through the first two months of
the year,” stated Ryan Hoggan, CEO of the Company.
The Company cautions that figures for revenue, expenses and margin
generated from the sale of First Class CBD products have not been
audited, and are based on calculations prepared by management. Actual
results may differ from those reported in this release once these
figures have been audited. These figures were translated from US dollar
into Canadian dollar using the Bank of Canada monthly average exchange
rates of 1.3301 for January 2019, 1.3206 for February 2019, 1.3087 for
January 2020 and 1.3286 for February 2020.
About Mota Ventures Corp.
Mota Ventures is seeking to become a vertically integrated global CBD
brand. Its plan is to cultivate and extract CBD into high-quality value
added products from its Latin American operations and distribute it
both domestically and internationally. Mota has established distribution
networks through the acquisition of First Class CBD in the United
States and Sativida in Europe. Mota Ventures is also seeking to acquire
revenue producing CBD brands and operations in both Europe and North
America, with the goal of establishing an international distribution
network for CBD products. Low cost production, coupled with
international, direct to customer, sales channels will provide the
foundation for the success of Mota Ventures.
ON BEHALF OF THE BOARD OF DIRECTORS
MOTA VENTURES CORP.
Ryan Hoggan Chief Executive Officer
For further information, readers are encouraged to contact Joel Shacker, President at +604.423.4733 or by email at [email protected] or www.motaventuresco.com
Posted by AGORACOM
at 3:00 PM on Thursday, March 12th, 2020
SPONSOR: Mota is seeking to become a vertically integrated global CBD brand. Mota is looking to establish sales channels and a distribution network internationally through the acquisition of the Sativida and First Class CBD brands. Low cost production, coupled with international, direct to customer sales channels will provide the foundation for the success of Mota. Combined total sales of almost $29,000,000 with a EBITDA of approximately 12.5% (2019) . Click Here for More Info
These countries are expected to account for virtually all of the legal marijuana sold globally in five years
Marijuana is one of the fastest growing industries on the planet.
Legal weed sales have more than tripled between 2014 and 2018, and
they’re on track to roughly quadruple between the $10.9 billion
generated in licensed cannabis stores 2018 and the projected $40.6 billion in worldwide licensed store sales
by 2024. That’s according to the 2019 “State of the Legal Cannabis
Markets†report released earlier this year by Arcview Market Research
and BDS Analytics.
Yet, what you might find intriguing about this rapid growth is that
it’ll wind up being attributed to just a select few countries. Even
though more than three dozen countries around the world have legalized
medical marijuana, five countries are forecast by Arcview and BDS to
account for $38.2 billion of this aforementioned $40.6 billion in
licensed-store sales by 2024. Note, licensed-store sales doesn’t include
general retailers selling cannabidiol (CBD) products, or
cannabinoid-based drug developers selling pot-derived pharmaceuticals.
1. United States: $30.1 billion in cannabis spending by 2024
As should be no surprise, the U.S. projects as the leading marijuana
market in the world by sales in 2024. In fact, the $30.1 billion in
licensed-store revenue should comprise almost three-quarters of global
licensed sales. According to Arcview and BDS, $9 billion of these sales
are expected to come from the medical side of the equation, up from $4
billion in 2018, with the remaining $21.1 billion derived from
recreational marijuana, up from $5.9 billion last year.
The thing about the U.S. is that cannabis stocks can still thrive even if the federal government doesn’t change its classification of marijuana
from Schedule I. As long as Congress and the president continue to
respect the right of states to make their own choices on cannabis, the
industry could have plenty of runway.
One of the fastest early stage growers looks to be multistate dispensary operator Cresco Labs (OTC:CRLBF).
Cresco, which holds the licenses to more than four dozen retail
locations in 11 states, made a bold move in April when it announced an
all-stock deal to acquire Origin House (OTC:ORHOF).
Origin House is one of only a few companies to hold a cannabis
distribution license in California, the state responsible for a quarter
of all U.S. marijuana spending by 2024. Thus, Cresco Labs’ purchase of
Origin House will give it access to more than 500 Californian
dispensaries, and over 700 nationwide. Cresco and its vertically
integrated peers appear well-positioned to take advantage of this huge
growth opportunity.
2. Canada: $5.18 billion by 2024
Despite being the first industrialized country in the world
to legalize recreational weed, Canada looks to take a distant second to
the United States by 2024 in terms of sales. Arcview and BDS are
projecting that $4.8 billion in sales will come from the recreational
market by then, with the remainder made up of medical cannabis sales.
It’s not uncommon for the medical industry to get cannibalized when
adult-use marijuana is legalized, because it means patients no longer
have to wait for a doctor’s approval and prescription to buy weed.
There’s a lot of competition in Canada right now, so it’s still unclear which company will be Canada’s kingpin. However, Aurora Cannabis (NYSE:ACB) is a relatively good bet to be near the top of the pack solely based on its production potential.
Aurora is already leaps and bounds ahead of its next-closest
competitors with an annual run-rate output of 150,000 kilos as of the
end of March, and plans to be producing at least 625,000 kilos on a
run-rate basis by the end of June 2020. With most of this production
located in Canada, and the company sporting a number of large-scale grow
farms, Aurora Cannabis should be able to take advantage of economies of
scale to drive down its growing costs per gram.
Of course, the real near-term excitement revolves around the upcoming launch of derivative products
(e.g,, edibles, vapes, topicals, concentrates, and infused beverages)
by mid-December. Derivatives have much better margins and pricing power
than dried cannabis flower, which is why Aurora Cannabis and its peers
have been busy beefing up their product offerings over the past year in
preparation for this upcoming launch date.
3. Germany: $1.35 billion by 2024
Even though Arcview and BDS are not expecting Germany to legalize
recreational cannabis, the company’s highly permissive stance toward
medical marijuana, and the fact that health insurers cover medical weed
in the country, should allow sales to soar from $79 million in 2018 to
$1.35 billion by 2024.
Interestingly enough, Canadian cannabis stocks were actually big-time
winners of the German cultivation licensing process. Both Aurora
Cannabis and Aphria (NYSE:APHA) were awarded licenses to grow cannabis in Germany.
For its part, Aphria plans to have an 8,000-square-meter facility in
Germany that’ll begin supplying the country with medical marijuana in
the early part of 2020. In addition to growing cannabis, Aphria
introduced CannRelief in Germany, which is a CBD-based nutraceutical and
cosmetics product line.
As for Aurora Cannabis, its approval to construct a growing facility
will allow the company to supply the German market with 4,000 kilos of
marijuana over four years, with shipments expected to commence October
2020. Of course, this production capacity is liable to be bumped up if
patient demand merits it.
4. Mexico: $1.02 billion by 2024
Arguably one of the oddest “legality†situations concerning marijuana
right now is with Mexico. The nation’s Supreme Court has ruled five
times since 2015 that imposing a ban on recreational cannabis is
unconstitutional. That’s important, because when Mexico’s Supreme Court
reaches five similar decisions on an issue, it becomes the standard throughout the country.
Or, in layman’s terms, the Supreme Court has essentially affirmed the
legality of recreational marijuana and is simply waiting for lawmakers
in the country to hash out the details.
According to Arcview and BDS, Mexico will have legalized adult-use
cannabis by 2024, although the ramp-up of legal sales could be slow. By
2024, recreational weed sales are only expected total $582 million, with
an additional $441 million in medical spending, for a combined $1.02
billion. Mexico’s considerably larger population than Canada makes for
an attractive market opportunity, but it’s unclear how well legal
industries will fare with the noted presence of illicit producers.
One company that hasn’t been shy about its push into Mexico is Medical Marijuana, Inc. (OTC:MJNA), the very first publicly listed pot stock. Southern California-based Medical Marijuana was the first company to import CBD-rich oils
into Mexico in 2016, giving it a head start on building important
relationships with the country’s medical community. You’ll note that
even with recreational legalization likely on the horizon, medical
spending should continue to grow in Mexico. That gives Medical Marijuana
and its RSHO-X hemp oil a real shot to continue penetrating the
Mexico’s medical cannabis market.
5. United Kingdom: $546.9 million by 2024
Although it may not be on track to tip the scales at $1 billion in
sales by 2024, the U.K. is poised to be one of the fastest growing
countries in the world based on cannabis spending. After only $9.9
million in medical spending last year, Britain is forecast for almost
$547 million in medical marijuana revenue by 2024, representing a
compound annual growth rate of 95.2%.
This sudden push to legalize and normalize medical pot use in the U.K. can be partially attributed to the success of GW Pharmaceuticals (NASDAQ:GWPH), the cannabinoid-based drug developer that had the U.S. Food and Drug Administration approve the very first cannabis-derived drug last year.
GW Pharmaceuticals’ CBD-based oral solution known as Epidiolex dazzled
in late-stage studies and wound up reducing seizure frequency for
patients with two rare forms of childhood-onset epilepsy by 30% to 40%.
Additionally, GW Pharmaceuticals’ Sativex, an oromucosal spray
containing both CBD and tetrahydrocannabinol (THC), is approved in more
than a dozen markets in Europe (but not the U.S.).
Britain’s citizens and its government have seen what the U.K.-based
GW Pharmaceuticals can do with cannabinoids, and its government has been
open to the possibility of expanding access to marijuana-based products
for medical patients.
Sean Williams has no position in any of the stocks mentioned. The Motley Fool recommends Origin House. The Motley Fool has a disclosure policy.
Posted by AGORACOM
at 11:07 AM on Thursday, March 12th, 2020
SPONSOR: ZEN Graphene Solutions: An emerging advanced materials and graphene development company with a focus on new solutions using pure graphene and other two-dimensional materials. Our competitive advantage relies on the unique qualities of our multi-decade supply of precursor materials in the Albany Graphite Deposit. Independent labs in Japan, UK, Israel, USA and Canada confirm this. Click here for more information
The first demonstration of graphene double quantum dots in which it
is possible to control the number of electrons down to zero has been
reported in Nano Letters. Far from an abstract academic stunt,
the results could prove key to future implementations of quantum
computing based on graphene. “Having exact information and control over
the number of electrons in the dots is essential for spin based quantum
information technology,” says Luca Banszerus, a researcher at RWTH
Aachen University in Germany and the first author of the paper reporting
these results.
Although this level of control has been demonstrated in single quantum dots, this is the first demonstration in graphene double quantum dots,
which are particularly useful as spin qubits. “Using a double dot
heavily facilitates the readout of the electron’s spin state and the
implementation of quantum gates,” Banszerus adds.
Less edgy quantum dots
The idea of using graphene in quantum dots dates back almost as far
as the first reports of the material’s isolation in 2004. Graphene has
almost no spin-orbit interaction and very little hyperfine coupling,
which would suggest that spin lifetimes can be extremely high.
Unfortunately, quantum dots physically etched from larger graphene
flakes run into problems due to the disorder at the dot’s edges
disrupting the material’s behavior. As a result, the transport behavior
of these quantum dots is dominated by localized states at the edges.
“This leads to an unknown effective quantum dot size and an occupation
of typically many electrons,” says Banszerus.
Instead, Banszerus and colleagues at RWTH Aachen and the National Institute of Materials Science in Japan work with bilayer graphene,
which can be tuned to be a semiconductor. A voltage applied to specific
regions of a bilayer graphene flake can switch those regions to behave
as insulators, electrostatically defining a quantum dot that has no edge
states nearby.
The Aachen researchers strip single flakes of bilayer graphene from
graphite (mechanical exfoliation) and handle it using a dry pick-up
technique that hinges on van der Waals interactions. They encapsulate
the bilayer graphene in hexagonal boron nitride (hBN) crystal. They then
place the structure on a graphite flake, which acts as the bottom
electrode, and add chromium and gold split gates and finger gates
separated from the split gates by a 30-nm-thick layer of atomic layer
deposited Al2O3.
They were able to control the number of electrons on the quantum dots
by applying a voltage, which also affected the tunneling coupling
between the dots. As a result, once the total occupation of the two
quantum dots exceeds eight electrons, they begin to behave as one single
quantum dot, rather than a double quantum dot. Transport measurements
also revealed that the number of electrons loaded on the quantum dot
could be controlled down to zero electrons.
The idea of defining quantum dots in bilayer graphene
electrostatically in this way is not new. However, although different
groups have attempted this approach since 2010, the process required
recently discovered tricks of the trade, such as better encapsulation in
hBN and the use of graphite flakes as gates to get a clean band gap.
Banszerus says these developments came as quite a surprise and revived
interest in graphene quantum dots in 2018. He hopes the capabilities
they have now demonstrated will further spark activity in this field.
Coupling control
“Even though being able to control the number of charges in a
graphene double dot is a huge step forward, there are still many
problems to be solved on the road toward spin-based quantum information technology in graphene,” says Banszerus. Next, he hopes to tackle the problem of controlling the coupling between the quantum dots and the reservoir, which he hopes to achieve by adding an additional layer of interdigitated finger gates on top.
Posted by AGORACOM
at 12:09 PM on Thursday, March 5th, 2020
SPONSOR: ZEN Graphene Solutions: An emerging advanced materials and graphene development company with a focus on new solutions using pure graphene and other two-dimensional materials. Our competitive advantage relies on the unique qualities of our multi-decade supply of precursor materials in the Albany Graphite Deposit. Independent labs in Japan, UK, Israel, USA and Canada confirm this. Click here for more information
An optical image of the graphene device (shown above as a square gold pad) on a silicon dioxide/silicon chip. Shining metal wires are connected to gold electrodes for electrical measurement. The tiny graphene device has a length and width of just one-tenth of a millimeter. (Credit: Guorui Chen/Berkeley Lab)
Berkeley Lab scientists tap into graphene’s hidden talent as an electrically tunable superconductor, insulator, and magnetic device for the advancement of quantum information science
Ever since graphene’s discovery
in 2004, scientists have looked for ways to put this talented,
atomically thin 2D material to work. Thinner than a single strand of DNA
yet 200 times stronger than steel, graphene is an excellent conductor
of electricity and heat, and it can conform to any number of shapes,
from an ultrathin 2D sheet, to an electronic circuit.
Last year, a team of researchers led by Feng Wang, a faculty scientist in Berkeley Lab’s Materials Sciences Division and a professor of physics at UC Berkeley, developed a multitasking graphene device
that switches from a superconductor that efficiently conducts
electricity, to an insulator that resists the flow of electric current,
and back again to a superconductor.
Now, as reported in Nature today,
the researchers have tapped into their graphene system’s talent for
juggling not just two properties, but three: superconducting,
insulating, and a type of magnetism called ferromagnetism. The
multitasking device could make possible new physics experiments, such as
research in the pursuit of an electric circuit for faster,
next-generation electronics like quantum computing technologies.
Optical image of a trilayer graphene material sandwiched between
boron nitride layers during the nanofabrication process (left); and the
trilayer graphene/boron nitride device with gold electrodes (right).
(Credit: Guorui Chen/Berkeley Lab)
“So far, materials simultaneously showing superconducting,
insulating, and magnetic properties have been very rare. And most people
believed that it would be difficult to induce magnetism in graphene,
because it’s typically not magnetic. Our graphene system is the first to
combine all three properties in a single sample,†said Guorui Chen, a
postdoctoral researcher in Wang’s Ultrafast Nano-Optics Group at UC
Berkeley, and the study’s lead author.
Using electricity to turn on graphene’s hidden potential
Graphene has a lot of potential in the world of electronics. Its
atomically thin structure, combined with its robust electronic and
thermal conductivity, “could offer a unique advantage in the development
of next-generation electronics and memory storage devices,†said Chen,
who also worked as a postdoctoral researcher in Berkeley Lab’s Materials
Sciences Division at the time of the study.
The problem is that the magnetic materials used in electronics today
are made of ferromagnetic metals, such as iron or cobalt alloys.
Ferromagnetic materials, like the common bar magnet, have a north and a
south pole. When ferromagnetic materials are used to store data on a
computer’s hard disk, these poles point either up or down, representing
zeros and ones – called bits.
Graphene, however, is not made of a magnetic metal – it’s made of carbon.
So the scientists came up with a creative workaround.
By applying electrical voltages through the graphene device’s gates,
the force from the electricity prodded electrons in the device to circle
in the same direction, like tiny cars racing around a track. This
generated a forceful momentum that transformed the graphene device into a
ferromagnetic system.
More measurements revealed an astonishing new set of properties: The
graphene system’s interior had not only become magnetic but also
insulating; and despite the magnetism, its outer edges morphed into
channels of electronic current that move without resistance. Such
properties characterize a rare class of insulators known as Chern
insulators, the researchers said.
Even more surprising, calculations by co-author Ya-Hui Zhang of the
Massachusetts Institute of Technology revealed that the graphene device
has not just one, but two conductive edges, making it the first observed
“high-order Chern insulator,†a consequence of the strong
electron-electron interactions in the trilayer graphene.
Scientists have been in hot pursuit of Chern insulators in a field of
research known as topology, which investigates exotic states of matter.
Chern insulators offer potential new ways to manipulate information in a
quantum computer, where data is stored in quantum bits, or qubits. A
qubit can represent a one, a zero, or a state in which it is both a one
and a zero at the same time.
“Our discovery demonstrates that graphene is an ideal platform for
studying different physics, ranging from single-particle physics, to
superconductivity, and now topological physics to study quantum phases
of matter in 2D materials,†Chen said. “It’s exciting that we can now
explore new physics in a tiny device just 1 millionth of a millimeter
thick.â€
The researchers hope to conduct more experiments with their graphene
device to have a better understanding of how the Chern insulator/magnet
emerged, and the mechanics behind its unusual properties.
Researchers from Berkeley Lab; UC Berkeley; Stanford University; SLAC
National Accelerator Laboratory; Massachusetts Institute of Technology;
China’s Shanghai Jiao Tong University, Collaborative Innovation Center
of Advanced Microstructures, and Fudan University; and Japan’s National
Institute for Materials Science participated in the work.
Founded in 1931 on the belief that the biggest scientific challenges are best addressed by teams, Lawrence Berkeley National Laboratory
and its scientists have been recognized with 13 Nobel Prizes. Today,
Berkeley Lab researchers develop sustainable energy and environmental
solutions, create useful new materials, advance the frontiers of
computing, and probe the mysteries of life, matter, and the universe.
Scientists from around the world rely on the Lab’s facilities for their
own discovery science. Berkeley Lab is a multiprogram national
laboratory, managed by the University of California for the U.S.
Department of Energy’s Office of Science.
DOE’s Office of Science is the single largest supporter of basic
research in the physical sciences in the United States, and is working
to address some of the most pressing challenges of our time. For more
information, please visit energy.gov/science.
Posted by AGORACOM
at 9:53 AM on Monday, March 2nd, 2020
ZEN Graphene Solutions Ltd. (TSXV: ZEN) “ZEN” or the “Company“) is pleased to announce the launch of Albany Pure TM graphene products on their website at https://shop.zengraphene.com/.
The Company is planning to expand its product line to bring Graphene
Quantum Dots, Graphene Oxide, Reduced Graphene Oxide, and other
graphene-based products to the market.
The
Company is ramping up its new lab facility in Guelph, Ontario and is
working towards larger-scale graphene production. The graphene precursor
material is sourced from the unique, igneous-hosted Albany Graphite
Deposit in Northern Ontario. As part of the company’s business
development plan, ZEN is actively working with several industries to
functionalize and test its graphene products in their applications with
the potential for subsequent industry partnerships and agreements.
About ZEN Graphene Solutions Ltd.
ZEN
is an emerging graphene technology solutions company with a focus on
the development of graphene-based nanomaterial products and
applications. The unique Albany Graphite Project provides the company
with a potential competitive advantage in the graphene market as
independent labs in Japan, UK, Israel, USA and Canada have independently
demonstrated that ZEN’s Albany PureTM Graphite is an ideal precursor
material which easily converts (exfoliates) to graphene, using a variety
of mechanical, chemical and electrochemical methods.
Posted by AGORACOM
at 10:03 AM on Tuesday, May 14th, 2019
Entered into a definitive off take agreement for graphite concentrate to be produced from its Aukam Graphite mine
Appointed Phu Sumika (“PSK“) as its exclusive marketing agent, in continental Europe, for the sale of graphite concentrate to the refractory, lubricant and battery markets.
PSK will purchase up to 7,500 Dry Metric Tonnes annually, for a period of five years from the date commercial production commences at Aukam
TORONTO, May 14, 2019 /PRNewswire/ – Gratomic Inc. (“Gratomic” or the “Company”) (TSX-V: GRAT) (CB81–FRANKFURT) a vertically integrated graphite to graphenes, advanced materials development company announces the entering into of a definitive off take agreement for graphite concentrate to be produced from its Aukam Graphite mine (“Aukam“) in Namibia (“Offtake Agreement“).
As part of the Graphite Concentrate sales Agreement (Sales Agreement), Gratomic has appointed Phu Sumika (“PSK“) as its exclusive marketing agent, in continental Europe, for the sale of graphite concentrate to the refractory, lubricant and battery Markets.
Pursuant to the Sales Agreement, PSK will purchase up to 7,500 Dry
Metric Tonnes annually, for a period of five years from the date
commercial production commences at Aukam. The contract contemplates the
sales of graphitic product ranging from 80% Carbon to 99.9% Carbon at prices ranging between US$500-US$2800 per Metric Tonne (depending on grade, moisture content and industry use).
Gratomic is satisfied with the high value range of product pricing for the selected markets.
Gratomic has delivered PSK with samples grading 92%, 97%, 99% and
99.9% over the past 3 months for testing in a verity of end uses. The
results now positively match buyer specifications and will qualify the
sales agreement for deliveries going forward.
Aukam Production Update
Gratomic has recently consulted with a processing expert in Toronto
and has been able to produce several batches of Battery Grade Graphite
grading over 99.9% the Company is currently compiling a budget to
integrate the suggestive plant adjustment onto its processing circuit
within the next 3 months. This will allow the company to commence with
the production and sale of battery grade Graphite targeted towards the
rapidly growing battery industry mainly being dominated by the increase
of demand for electric vehicles worldwide.
In addition Gratomic expects the delivery of the final components of
its Aukam processing plant within the next 49 days, this will complete
the construction of the first phase of our Processing facility and bring
it up to a 3 metric tonne per hour Processing Capacity.
The company continues its focus on further developing and
commercializing its Graphene Processing capacity in wales through its
partnership with Perpetuus carbon technologies and anticipates soft
launching its Gratomic fuel efficient tire in the summer. Gratomic has
recently prepared an additional 2 tonnes of Graphite concentrate which
it will be shipping to wales in the coming days for converting into high
quality Graphenes targeted for the use and development of several high
value Graphene applications.
Gratomic’s CO-CEO Arno Brand stated, “The
entering into of the sales agreement and exclusive marketing agreement
with Phu Sumika is the culmination of several years of work, Gratomic is
now well positioned and ready to monetize its operations through
graphite sales. We thank our loyal shareholders for their support
throughout the years and their contributions in helping us in
commercialize the Aukam Mine”
About Phu Sumika
Phu Sumika was established in 2003 to provide raw chemical
materials for leading companies in the abrasive, refractory and
battery industries across Europe. They offer a wide scale of commodities
from around the World. A professional organization with significant
experience and a vast sales network allows them to provide the highest
quality with competitive pricing.
About Gratomic Inc.
Gratomic is an advanced materials company focused on mine to
market commercialization of graphite products most notably high value
graphene based components for a range of mass market products. We are
collaborating with a leading European manufacturer of graphenes to use
Aukam graphite to manufacture graphene products for commercialization on
an industrial scale. The company is listed on the TSX Venture Exchange
under the symbol GRAT.
“Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.”
Posted by AGORACOM
at 10:19 AM on Wednesday, February 6th, 2019
Received a capital distribution of approximately $186,000 from its investment in JUUL Labs, Inc. (JUUL)
The investment remains on the balance sheet under Equity Investments, the company has begun a strategic review of options for the remaining equity stake.
Altria Group Inc. (NYSE: MO) on December 20, 2018 announced it had invested $12.8bn in vaping company Juul Labs, a 35% stake valuing JUUL at $38 billion.
APPB also recently acquired a majority stake in Trace Analytics, Inc., a leading testing and analytics company with proven revenues
Applied BioSciences early stage investment in Hightimes Magazine is valued at approximately $1.75 Million at assumed IPO Pricing of $11.00
APPB has a market cap of $15m US & 10m S/O
About Applied BioSciences Corp. Applied BioSciences Corp. (www.appliedbiocorp.com),
is a diversified company focused on multiple areas of the medical,
bioceutical and pet health industry. As a leading company in the CBD and
Pet health space, the company is currently shipping to the majority of
US states as well as to 5 International countries. The company is
focused on select investment, consumer brands, and partnership
opportunities in the recreational, health and wellness, nutraceutical,
and media industries.
About Trace Analytics Inc. Trace Analytics Inc.
is a leading cannabis science and technology company with significant
footprints in lab testing, research and development and licensing. Trace
Analytics was started by a group of scientists who specialized in
analytical chemistry, genetics and molecular biology. The focus of the
team is to ensure compliance with public safety standards and end user
safety. Trace Analytics is in the process of expanding throughout the
United States, and globally. With the goal of helping the rest of the
world adopt “best practices” in cannabis and hemp testing, the company
also provides expert consulting services to legislators and regulators
in many countries, states and municipalities around the world. For more
information, please visit: http://traceanalytics.com.