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The gold rush for #palladium is on – SPONSOR: New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 5:52 PM on Wednesday, August 26th, 2020

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

The gold rush for palladium is on

Gold bugs bet on palladium

  • Palladium’s price growth has been double the growth of the price of gold
  • That’s because demand continues to grow with global supply unable to keep up
  • This decade, production of palladium has been less than demand for eight consecutive years

We have all heard of the spectacular rise in the price of gold and have been astounded as it blasted through $2,000, setting all-time highs. But what other precious metal has left gold in its (gold) dust?

Hint – it’s one of the PGMs (that’s Platinum-Group Metals) and no, it’s not platinum. PGMs are named because of their affiliation to platinum, but except for (possibly) iridium, most investors have never really heard of them. Ruthenium? Rhodium? Osmium? Also PGMs.

OK, just give up – the mystery metal is palladium (symbol Pd, atomic number 46). And this is going to surprise you!

Palladium is primarily mined in Russia and South Africa, although it can always be found wherever other PGMs are mined, including Montana and Ontario, and may also be affiliated with nickel mining. It is a soft, slivery-white metal. It can be rolled out as thin as 1/250,000 of an inch and is used in electronics, dentistry and jewelry, and transportation.

Palladium’s price growth has been double the growth of the price of gold – 2 year chart

You can see it – palladium’s price growth has been double the growth of the price of gold. That’s because demand continues to grow with global supply unable to keep up. This decade, production of palladium has been less than demand for eight consecutive years.

Palladium is primarily a transportation metal, but not how you think. People think exotic or precious metals and they automatically think electric vehicles (EVs). Palladium is already in your car or SUV, but not for electronics. It’s in your catalytic converter.

It’s in your catalytic converter. The automotive sector currently consumes as much as 80% of global production of palladium, of which approximately 70+% comes from Russia and South Africa. As the world continues to demand cleaner air, regulations on exhaust emissions are tightening and auto manufacturers are going to have to use more of the metal.

Even with increasing EV sales, the demand for palladium is not expected to decrease. The design of current catalytic converters cannot simply replace palladium with more readily available platinum as they would have to be redesigned to accommodate the different chemistry of platinum. Diesel-powered vehicles can use platinum in the catalytic converters, but gasoline powered vehicles are currently restricted to palladium. Research indicates that a number of technological advances are required before platinum can replace palladium in the exhaust system. The growing market for hybrid cars is going to see global demand for palladium continue to outstrip supply. In addition, speculators and ETFs are also playing in the space, causing price volatility and supporting the metal’s price trending higher.

So, the bull market for palladium is expected to continue. Mineral exploration companies targeting PGMs will be able to capitalize on the current market excitement, making this a great time to invest in well managed, properly capitalized companies. And especially given the predominance of Russia (not particularly friendly to the western world) and South Africa, any PGM exploration company in friendly and PGM-rich countries is going to have a lot of market attention.

Source: https://investorintel.com/sectors/technology-metals/technology-metals-intel/the-gold-rush-for-palladium-is-on/

Elon Musk’s Tesla Dominates US EV Sales and These Are The Metals He Needs More of SPONSOR: Tartisan Nickel $TN.ca

Posted by AGORACOM at 10:57 AM on Monday, August 24th, 2020

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

Tesla is hands down the biggest seller of electric vehicles (EVs) in the world’s largest economy, accounting for 81 per cent of the 87,398 EVs sold in the US in the first quarter.The Model 3 was the most popular, racking up sales of 38,314 for the three-month period.Second and third in the EV sales race were Tesla’s Model Y and Model X, with sales of 18,861 and 9,500 respectively, according to data from UK investor website Buy Shares.

best selling EVs
America’s best-selling EVs in the first half of 2020. Source: Buy Shares

Tesla founder Elon Musk has famously called on nickel miners to produce more to meet growing demand for the battery metal.

But just which other metals is the billionaire tech icon going to need more of?

EVs drive consumption of copper, cobalt and nickel

The Model 3 is Tesla’s most affordable EV at a retail price of $73,900 and requires 50kg of nickel, 4.5kg of cobalt, and approximately 130lbs of copper, according to reports.

Model 3 sales in Q1 for the US market would have accounted for 172 tonnes of cobalt, 2,260 tonnes of copper, and 1,915 tonnes of nickel.

Tesla gigafactory
Tesla Gigafactory 1, where Model 3 battery cells are produced. Source: Tesla

Tesla’s total EV sales in the three-month period would require 321 tonnes of cobalt, 4,208 tonnes of copper, and 3,568 tonnes of nickel.

Around 40 ASX companies are involved in the cobalt space, such as Australian Mines (ASX:AUZ), Clean TeQ (ASX:CLQ) and New World Cobalt (ASX:NWC).

Companies with exposure to copper include Encounter Resources (ASX:ENR), which has several new discoveries in the Northern Territory, Castillo Copper (ASX:CCZ) and Red River Resources (ASX:RVR).

There are also a number of nickel producers in Australia that are well positioned to benefit from rising sales of EVs.

They include DevEx Resources (ASX:DEV), Western Areas (ASX:WSA), and Panoramic Resources (ASX:PAN).

Tesla recovers battery metals in recycling

With the push for a “circular economy” to reduce the waste going to landfill and a shortage of supply of critical minerals, major car and battery makers are turning to recycled material.

Tesla recycled 1,000 short tons of nickel, 320 tons of copper, and 110 tons of cobalt in 2019, according to Tesla’s impact report.

“None of our scrapped lithium-ion batteries go to landfilling, and 100 per cent are recycled,” Tesla said.

Tesla is building a battery recycling system at its Gigafactory in Nevada that will process end-of-life batteries.

“Through this system, the recovery of critical minerals will be maximised along with the recovery of all metals used in Tesla battery cells, such as copper, aluminium and steel,” the company said.

ASX-listed Lithium Australia (ASX:LIT) and EcoGraf (ASX:EGR) are developing tech in Australia to recover battery metals from dead batteries.

Lithium Australia recently successfully converted mine waste and spent lithium-ion batteries into high-performance lithium-ion battery cathodes.

EcoGraf, meanwhile, recovered graphite from a range of ‘black mass’ material from recycled batteries.

Black mass is the residual graphite material remaining after hydrometallurgical processes have recovered the high-value cathode metals from end-of-life lithium-ion batteries and is typically relegated to landfill.

SOURCE: https://stockhead.com.au/tech/elon-musks-tesla-dominates-us-ev-sales-and-these-are-the-metals-he-needs-more-of/

betterU $BTRU.ca Launches European Operations $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 9:56 AM on Monday, August 24th, 2020
  • betterU completes incorporation of betterU Europe Inc.
  • betterU launches Europe SaaS B2B platform

OTTAWA, ON / August 24, 2020 / betterU Education Corp. (TSX VENTURE:BTRU) (Frankfurt:5OGA) (the “Company” or “betterU”) is pleased to announce the successful launch of betterU Europe Inc. (BUI), a wholly-owned subsidiary of the Company, based in Dublin, Ireland. BUI has been established to facilitate and support a growing level of interest for online learning across European countries.

The e-learning market in Europe is poised to grow by $ 24.23 billion during 2020-2024 progressing at a CAGR of 12% during the forecast period. The market is driven by the availability of subject proficiency assessments and certifications and a rise in adoption of digital platform-enabled education.

BUI will also support several initiatives current under development including opportunities for non-dilutive investment and EU subsidies as well as several possible strategic partnerships. The Company has also recently launched https://betteruskills.com/en/ as part of its marketing efforts to support awareness and access to BUI services for European companies.

About betterU Education Corp.

betterU is an education-to-employment technology company offering an end-to-end solution leveraging business intelligence to automate skilling, reskilling and upskilling for companies operating on domestic and global scales. The Company supports the industry by providing them with everything an organization needs to launch and manage proper skills development programs so that they can focus on what really matters, their people!

Most companies spent too much time trying to source, integrate, customize and deliver fragmented skills development programs across their organization, when they should be focused solely on supporting their people. betterU’s integrated platform brings together the right technology, growing content library, customization, language options and is the most efficient affordable solution on the market. We don’t sell content, we help build better people.

For more information, please visit https://corporate.betteru.ca/corporate-gov/

Contact:

Brad Loiselle, CEO
1-613-695-4100
[email protected]

betterU Education Corp.
Investor Relations
Email: [email protected]

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

St-Georges Eco-Mining $SX $SX.ca $SXOOF Beyond The AGM

Posted by AGORACOM-JC at 10:59 AM on Sunday, August 23rd, 2020

Beyond The AGM – St-George Eco-Mining, Segment 1 – Iceland

St-Georges Eco-Mining President and CEO, Vilhjalmur T. Vilhjalmsson and Dr Helen Salmon, one of the most knowledgeable academics that has specialised in Iceland Geology, discuss the state of mineral exploration in Iceland. *Includes answers to questions posted by St-Georges shareholders on AGORACOM Q&A


Beyond The AGM – St-George Eco-Mining, Segment 2 – Lithium Processing Tech

St-Georges Eco-Mining President and CEO, Vilhjalmur T. Vilhjalmsson and Enrico Di Cesare, President and CEO of St-Georges Metallurgy (A subsidiary of SX specialised in R&D) discuss the Company’s Lithium Processing Technology *Includes answers to questions posted by St-Georges shareholders on AGORACOM Q&A

Beyond The AGM – St-George Eco-Mining, Segment 3 – Canadian Resource Assets

Frank Dumas, COO & Director of St-Georges Eco-Mining, discusses the status of the Company’s Canadian exploration assets, including Julie and Manicouagan. *Includes answers to questions posted by St-Georges shareholders on AGORACOM Q&A

—-

Beyond The AGM – St-George Eco-Mining, Segment 4 – Borealis

Frank Dumas, COO & Director of St-Georges Eco-Mining, discusses the status of Borealis, a Distributed and Decentralised Digital Derivative marketplace that is currently 100% owned by St-Georges and is located in Iceland. *Includes answers to questions posted by St-Georges shareholders on AGORACOM Q&A

Beyond The AGM – St-George Eco-Mining, Segment 5 – Management Discussion

St-Georges Eco-Mining President and CEO, Vilhjalmur T. Vilhjalmsson and Frank Dumas, COO & Director of St-Georges Eco-Mining, discuss the overall status of the Company, it’s recovery from August 2018 and bright future looking forward. *Includes answers to questions posted by St-Georges shareholders on AGORACOM Q&A

betterU $BTRU.ca Provides Business Update $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 8:29 AM on Friday, August 21st, 2020
  • Launch of betterU’s Europe SaaS B2B platform
  • Relaunch of India SaaS platform as a result of 1,272% increase in transactions for 2020
  • Extraordinary $60,000+ profit from sale of certain claim rights

OTTAWA, ON / August 21, 2020 / betterU Education Corp. (TSXV:BTRU)(FRA:5OGA) (the “Company” or “betterU”) is pleased to provide the following update on its business.

2020 year-to-date the Company has seen a substantial increase in interest from companies and governments from North America, Europe, Africa as well as India. Over the last couple months, betterU has completed multiple proposals that if completed would result in the company’s profitability within 2020.

To effectively access some of the global opportunities, betterU has adapted its platform to support global markets and is now in the process of launching its European SaaS platform. The platform is expected to launch before the end of August 2020. As part of betterU’s growth strategy in Europe, the Company is also in the process of completing the set-up of its operating entity, located in Dublin (Ireland), that will support several initiatives including an opportunity for non-dilutive investment as well as several possible strategic partnerships.

betterU had also decided to advance its India marketplace after observing a significant 1,272% increase in registrations and transactions over the same period last year. Nearly 55,000 new users and 12,000 new transactions enrolled in both free and paid courses. While the revenues were only a few thousand dollars, the length of time users have been spending on the marketplace has validated the growing level of interest. To capitalized on this growth trend, the Company has recently launched their new retooled India platform that aligns with their new SaaS model and includes a reduction of content offered, focused exclusively on skills development.

The several thousand courses and assessments being provided in India will now be hosted exclusively by betterU and to drive more awareness, the company is going to launch a marketing campaign promoting their new platform targeting its over 129,000 Facebook followers from India. The Company has also simplified the user experience by centralizing the back-end infrastructure for content integration, user management and now any transactions or updates required to be made, would be completed by betterU Canada and instantly be applied to all global platforms. This will enable seamless skills development solutions for millions of learners globally and support the scalability the Company has been working to establish.

betterU’s focus on its current clients has been to ensure the effective development of the platform, the ability to scale through automation and has renegotiated many content partner agreements for inclusion in the Company’s new SaaS model. In addition, betterU has developed a translation platform to support content delivery in localized languages for global employees and has launched its customized development services.

betterU is planning to support upwards of over 2,000 client employees within Ready-To-Go in the coming months and to support these growing opportunities, the Company has been planning the addition of a national sales team focused on North America. The Company is expecting to roll out sales team by the end of August 2020.

On July 20th, 2020, betterU received a grant from Industrial Research Assistance Program in the amount of $32,524. Funds have been allocated to support Canadian employees. On July 31, 2020, betterU secured more than $62,000 in extraordinary profit through the sale of certain claim rights the Company inherited from a predecessor entity, which is unrelated to the business activities of betterU.

“2020 has turned out to be a promising year so far with the growth of excitement from our current clients as we advance our core products and the multitude of opportunities that continue to presence themselves. Our team has and continues to work exceptionally hard to advance corporate and government opportunities. The world has been forced to change due to COVID-19 and with remote learning, betterU will continue to advance our solutions to help support as many governments, companies, employees and students get access to quality, affordable, skills development programs. More updates will follow shortly”, said Brad Loiselle, CEO of betterU.

About betterU Education Corp.

betterU is an education-to-employment technology company offering an end-to-end solution leveraging business intelligence to automate skilling, reskilling and upskilling for companies operating on domestic and global scales. The Company supports the industry by providing them with everything an organization needs to launch and manage proper skills development programs so that they can focus on what really matters, their people!

Most companies spent too much time trying to source, integrate, customize and deliver fragmented skills development programs across their organization, when they should be focused solely on supporting their people. betterU’s integrated platform brings together the right technology, growing content library, customization, language options and is the most efficient affordable solution on the market. We don’t sell content, we help build better people.

For more information, please visit https://corporate.betteru.ca/corporate-gov/

Contact:

Brad Loiselle, CEO
1-613-695-4100
[email protected]

betterU Education Corp.
Investor Relations
Email: [email protected]

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

SOURCE: betterU Education Corp.

Tartisan $TN.ca Portfolio Update – Eloro Resources Interview: Drilling in Bolivia $TN.ca $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca

Posted by AGORACOM at 10:00 AM on Wednesday, August 19th, 2020

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 an equity stake in Eloro Resources and 2 percent NSR in their La Victoria property. Click her for more information

Tc logo in black

Interview with Thomas Larsen, CEO of Eloro Resources (TSX-V: ELO)

  • Tartisan owns 4 million share of Eloro
  • ISKA ISKA, in Bolivia, is 99%-owned by Eloro and has never been drilled

Eloro Resources is a mineral exploration company with assets in Bolivia, Peru and Canada. ISKA ISKA, in Bolivia, is 99%-owned by Eloro and has never been drilled. It is the core focus for the company and is a gold, silver, zinc and lead prospect in the South Mineral Belt. Encouragingly, it is aligned with Cerro Rico along the same corridor structure. La Victoria, a Peruvian gold-silver project, is 82% owned by Eloro. It is in Peru’s North-Central Mineral Belt and is situated in close proximity to gold and silver majors like Pan American Silver and Barrick Gold. La Victoria is being farmed into by an Australian mining company and a 2,000m diamond drilling program is planned with the aim of confirming high-value, high-grade gold-silver veins. Dr. Quinton Hennigh of Novo Resources recently helped the company raise capital to finance this. In terms of an exit, Larsen is pragmatic; he has a track record of taking projects through to a PFS, and he doesn’t want to kid anyone into thinking he and his team are necessarily mine builders. What did you make of Thomas Larsen and the gold, silver, zinc and lead story that is Eloro Resources

#Nickel hits highest in nearly 9 months on Philippine supply concerns SPONSOR Tartisan #Nickel $TN.ca $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca

Posted by AGORACOM-JC at 5:48 PM on Monday, August 17th, 2020

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 an equity stake in Eloro Resources and 2 percent NSR in their La Victoria property. Click her for more information

Tc logo in black

Nickel hits highest in nearly 9 months on Philippine supply concerns

  • Nickel prices surged to their highest in nearly nine months on Monday on concern over supply from the Philippines, the leading exporter of the stainless steel raw material
  • Copper and most other industrial metals also pushed higher after the central bank of top commodities consumer China injected fresh funds into the financial system

(Updates with official prices) By Eric Onstad LONDON, Aug 17 (Reuters) – Nickel prices surged to their highest in nearly nine months on Monday on concern over supply from the Philippines, the leading exporter of the stainless steel raw material. Copper and most other industrial metals also pushed higher after the central bank of top commodities consumer China injected fresh funds into the financial system. “This remains a liquidity-driven market. Most investors are still expecting the Chinese economy to perform well in the future, so they see good reason to stick to the bullish side of the market,” said Gianclaudio Torlizzi, a partner at Milan consultancy T-Commodity. Three-month nickel on the London Metal Exchange (LME) climbed 1.6% to $14,602 a tonne in official trading after hitting $14,665, its strongest since Nov. 25. Nickel ore output from the Philippines, the world’s biggest exporter of the material, dropped 28% year on year to 102,310 tonnes by metal content over January-June, data showed.
* Also supporting nickel were strong ShFE stainless steel futures , which climbed as much as 4.2% to 14,775 yuan a tonne. Most nickel is used as an alloy to make stainless steel.
* Nickel ore prices at Philippine ports were hovering at their highest in eight and a half months at $10.25 a tonne, data from metals prices provider SMM showed.
* LME copper advanced 1% to $6,428 a tonne, though T-Commodity’s Torlizzi was wary of the strong recent gains that have lifted the price by 47% since March and prompted him to take a short position. “We think the risk of being long here is high and is very vulnerable to disappointment.”
* LME copper stocks sank to their lowest levels in more than 12 years to 110,000 tonnes.

* LME zinc jumped 2.4% in official activity to its highest in nearly seven months at $2,423.50 a tonne as aluminium rose 0.6% to $1,757. Lead gained 1.2% to $1,973.50, its strongest since Jan. 23, but tin shed 1% to $17,426.
* For the top stories in metals and other news, click or . ($1 = 6.9382 yuan) (Additional reporting by Mai Nguyen Editing by Jan Harvey and David Goodman)

Source: https://www.kitco.com/news/2020-08-17/METALS-Nickel-hits-highest-in-nearly-9-months-on-Philippine-supply-concerns.html

#Mhealth Market Sets the Table for Continued Growth – SPONSOR: CardioComm Solutions $EKG.ca $ATE.ca $TLT.ca $OGI.ca $ACST.ca $IPA.ca

Posted by AGORACOM-JC at 5:38 PM on Monday, August 17th, 2020

SPONSOR: CardioComm Solutions (EKG: TSX-V) – The heartbeat of cardiovascular medicine and telemedicine. Patented systems enable medical professionals, patients, and other healthcare professionals, clinics, hospitals and call centres to access and manage patient information in a secure and reliable environment.

Mhealth Apps Market 2020 Sets the Table for Continued Growth

Global mHealth Applications Market — overview

The Global mHealth applications market is growing with a rapid pace. According to a recent study report published by the Market Research Future, the Global mHealth applications market is booming and expected to gain prominence over the forecast period and is projected to grow a sound pace. The market is projected to demonstrate a sound growth by 2023, surpassing its previous growth records in terms of value with a sound CAGR during the anticipated period (2017–2023).

Global mHealth Applications Market — regional analysis

The global mHealth Apps Marketis segmented into four different regions namely; North America, Europe, Asia-Pacific (APAC), and Middle East and Africa (ME&A). High-income countries were reported highest adoption of mHealth and people from these countries are actively using mHealth services. The market form mHealth applications is growing rapidly in developing countries such as China and India. According to International Telecommunication Union, the number of mobile phone subscription is reached to about 5 billion throughout the world and about 70% of them are in low-middle income countries.

Technology is transforming the entire world and healthcare is not exception for it. Digital innovation and technological advancement is helping to put healthcare to the next level. After the evolution of the term called eHealth, now it is the era of mHealth. mHealth commonly known as mobile health. Use of mHealth devices and mobile devices is growing at tremendous rate throughout the globe and technology is changing dramatically. mHealth has potential to change the healthcare sector and can make is more accessible, affordable and faster. Technology is the major driving force behind the mHealth.

Technological advancement is providing better healthcare solution that changing the way of medical sector. Continuous innovation is most influencing force in this market. The demand for advanced and innovative products are increasing at rapid pace. Introduction of innovative product in the market gives first mover advantage to the solution provider. Options of better treatments, access to the solutions, improved affordability and convenience are changing the healthcare sector. Many times mHealth changes the traditional healthcare like, healthcare professionals can directly connect and assist patients from thousand miles away through mHealth technology. However, factors such as security and confidentiality threats along with resistance to change and market volatility are the major restraining factors for the market growth, during the forecast period.

Read More: https://medium.com/healthandhealthcareresearchreports/mhealth-apps-market-2020-sets-the-table-for-continued-growth-global-players-2e6bad48733f

Spyder Cannabis $SPDR.ca Announces Final Approvals to Open Niagara Falls and Calgary Cannabis Dispensaries $CGC $ACB $APH $CRON.ca $OGI.ca

Posted by AGORACOM-JC at 8:40 AM on Wednesday, July 29th, 2020
  • Announced that its dispensary located at 6474 Lundy’s Lane, passed its final inspection on July 27, 2020, and intends to open for business in the first week of August 2020
  • Also announced that its dispensary located at #140, 104 – 58 Avenue SE, was formally issued a Retail Cannabis Store License (No. 781144-1) and intends to open for business in August 2020

Vaughan, Ontario–(July 29, 2020) – Spyder Cannabis Inc. (TSXV: SPDR) (“Spyder” or the “Company“) and its wholly-owned associated applicants, The Green Spyder Inc. and Spyder Cannabis Subco Inc., is pleased to provide the following update:

Niagara Falls and Cannabis Dispensary

The Company is pleased to announce that its dispensary located at 6474 Lundy’s Lane, passed its final inspection on July 27, 2020, and intends to open for business in the first week of August 2020.

Calgary Cannabis Dispensary

The Company is also pleased to announce that its dispensary located at #140, 104 – 58 Avenue SE, was formally issued a Retail Cannabis Store License (No. 781144-1) and intends to open for business in August 2020.

“Both dispensaries are located in busy commercial hubs, in their respective cities. The Spyder team is excited to commence operations and bring its best of class customer service and retail experience to both cities”, stated Dan Pelchovitz, the Company’s CEO.

About Spyder Cannabis Inc.

Spyder is a Cannabis, Vape and CBD retailer that operates in jurisdictions where the products are federally legal in both Canada and the United States. The Company, through its subsidiaries, is a retailer involved in the development of three retail business units. The first is the sale of Cannabis products, the second is the sale of Hemp CBD in the United States only, the third is the sale of smoking cessation products in Ontario.

Cautionary Statements

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

This news release includes statements containing certain ‘forward-looking information” within the meaning of applicable securities laws (‘forward-looking statements”). Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur.

For additional info, please contact:

Spyder Cannabis Inc.
Dan Pelchovitz
President & Chief Executive Officer
Telephone: 1.888.504.7737
Email: [email protected]

TransCanna $TCAN.ca Seizes New Processing Opportunity and Expands Operations at Daly Street Building $CGC $ACB $APH $CRON.ca $OGI.ca

Posted by AGORACOM-JC at 4:15 PM on Wednesday, July 22nd, 2020
tcan-square
  • Announced that Lyfted Farms Inc. (a wholly-owned subsidiary) will build a processing division inside its Daly Street Building
  • Aas not originally planned in phase one in order to meet the increased demand for this service and ultimately increase profits margins
  • Once operational, the division will oversee the trimming, drying, curing, grading and packaging of cannabis, and support TransCanna’s strategy of vertical integration of the California cannabis market through distribution centers serving Northern California from the Daly Street building, and Southern California from the Company’s recently announced Lemoore facility

Vancouver, British Columbia–(July 22, 2020) – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) (“TransCanna” or the “Company”) TransCanna announces that Lyfted Farms Inc. (a wholly-owned subsidiary) will build a processing division inside its Daly Street Building that was not originally planned in phase one in order to meet the increased demand for this service and ultimately increase profits margins.

Once operational, the division will oversee the trimming, drying, curing, grading and packaging of cannabis, and support TransCanna’s strategy of vertical integration of the California cannabis market through distribution centers serving Northern California from the Daly Street building, and Southern California from the Company’s recently announced Lemoore facility.

“Once we received our final State License for the Daly Building, our already existing demand increased significantly. To meet this demand and seize the opportunity we saw to really drive our bottom line margin through processing, we sped up the timeline to add processing at this level,” said Bob Blink, TransCanna CEO. “We have the team and the space to execute this. Being agile enough to adapt to a changing market and identify opportunities for growth within it speaks to our collective mindset. When we run the numbers, we can see upon execution this service adding an additional 10% to our forecasted revenue targets,” adds Blink.

“This will facilitate the larger strategy of the Daly facility becoming a central distribution point for Lyfted Branded products and a wholesale processing center,” said Alan Applonie, company General Manager. “Converging marketing and buying interests into a single Northern California location gives state-wide buyers a broader range of products to purchase,” he adds.

The Processor License is an additional license type not included in the original statute specifically added for processors. As this is a new business segment whilst being built out, the Company has submitted an application for a Processor License and anticipates approximately a 90-day timeline to receive it.

The Daly building’s phase one deployment plan will also accommodate perpetual storage of at least 20,000 lbs. of cannabis flower in a climate-controlled atmosphere that will serve business-to-business cannabis market demand throughout California.

About TransCanna Holdings Inc.

TransCanna Holdings Inc. is a California based, Canadian listed, Company building cannabis-focused brands for the California lifestyle, through its wholly-owned California subsidiaries.

For further information, please visit the Company’s website at www.transcanna.com or email the Company at [email protected].

On behalf of the Board of Directors
Bob Blink, CEO
604-349-3011

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

Forward-Looking Statements

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws or forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs regarding future events of management of the Company. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements referred to herein as “forward-looking statements”, are not historical facts, are made as of the date of this news release and include without limitation estimates and forecasts and statements as to management’s expectations for growth and the commencement of operations of the Company’s Daly facility.

The forward-looking information in this press release is based upon certain assumptions that management considers reasonable in the circumstances, including that operations will commence at the Company’s Daly facility in Modesto, California, as and when expected.

These forward-looking statements involve numerous known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially from any future results, events or developments expressed or implied by such forward-looking statements. Risks and uncertainties associated with the forward-looking information in this news release include, among others, dependence on obtaining and maintaining regulatory approvals, including state, local or other licenses and any inability to obtain all necessary governmental approvals licenses and permits to complete upgrades to its Daly facility in a timely manner; engaging in activities which currently are illegal under U.S. federal law and the uncertainty of existing protection from U.S. federal or other prosecution; regulatory or political change such as changes in applicable laws and regulations, including U.S. state-law legalization, particularly in California, due to inconsistent public opinion, perception of the medical-use and adult-use marijuana industry, bureaucratic delays or inefficiencies or any other reasons; any other factors or developments which may hinder market growth;; reliance on management; and the effect of capital market conditions and other factors (including those related to the COVID-19 pandemic) on capital availability; competition, including from more established or better financed competitors; and the need to secure and maintain corporate alliances and partnerships, including with customers and suppliers.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look, except in accordance with applicable securities laws.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN