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INTERVIEW: Sheldon Inwentash. ThreeD Capital $IDK.ca Puts Focus on #Blockchain Themed Technologies $HIVE.ca $BLOC.ca $CODE.ca
Posted by
at 8:55 PM on Thursday, October 26th, 2017
Monarques Gold $MQR.ca reports 2.6 million ounces in measured and indicated resources on the Wasamac #Gold project
Posted by
at 5:14 PM on Thursday, October 26th, 2017
- An updated mineral resource estimate on the Wasamac gold project indicates a Measured and Indicated resource of 2,587,900 ounces and an Inferred resource of 293,900 ounces, as the bulk of the previous Inferred resource has been upgraded to the Indicated category.
- Drilling to date shows that the Main Zone is open to the east and at depth. Zones 2 and 3 are also open at depth.
- Monarques Gold will plan an exploration program aimed at increasing the Wasamac resource.
MONTREAL, Oct. 26, 2017 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX.V: MQR) (FRANKFURT: MR7) is pleased to report the results of an updated mineral resource estimate for its wholly-owned Wasamac gold project located 15 km west-southwest of Rouyn-Noranda, Québec. The estimate was prepared by Tudorel Ciuculescu, M.Sc., P. Geo., Senior Geologist for Roscoe Postle Associates Inc. (RPA) and a qualified person as defined by NI 43-101. The effective date of the estimate is October 20, 2017.
“The outcome of the estimate is great news for Monarques, as the bulk of the previous Inferred resource has been upgraded to the Indicated category based on infill drilling,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “This is also an important step towards our goal of advancing the development of our Wasamac gold project. With our latest acquisition, which includes the Beaufor mine and the Camflo mill, we have become a fully integrated gold producer and now have the team and the resources to reach this goal. The Wasamac gold project is an important part of the future of Monarques and we intend to bring it to its full potential.”
Based on a cut-off grade of 1.0 g/t Au, RPA estimated a resource of 3.99 million tonnes at an average grade of 2.52 g/t Au for 323,300 ounces in the Measured category, and 25.87 million tonnes at an average grade of 2.72 g/t Au for 2,264,500 ounces in the Indicated category. An additional 4.16 million tonnes grading an average grade of 2.20 g/t Au for 293,900 ounces were estimated in the Inferred category. The cut-off grade is based on a gold price of US $1,500 per ounce and assumed operation costs.
The database includes 3,317 holes drilled for various purposes on the property and surrounding area from the 1940s to 2012. Of these, 2,016 holes were used for the resource estimate. The resource holes consist of 288 surface holes with a total length of 122,781 m and 24,613 samples (24,401 m sampled) and 1,728 underground holes with a total length of 36,842 m and 24,018 samples (32,148 m sampled).
Notes:
- CIM definitions for mineral resources were used.
- Mineral resources were estimated at a cut-off grade of 1.0 g/t Au.
- Mineral resources were estimated using a gold price of US$ 1,500 per ounce and an exchange rate of US $0.80 = C $1.00.
- A minimum mining width of four metres was used.
- A bulk density of 2.8 g/cm³ was used.
- Numbers may not add due to rounding.
Gold mineralization is hosted in a number of zones located along the Wasa Shear Zone (WSZ), namely, from west to east, the Main Zone, Zone 1, Zone 2, Zone 3, the MacWin Zone and Zone 4 (see map). The Wildcat Zone occurs off the WSZ to the south of the Main Zone. Historical production from 1965 to 1971 was predominantly from the Main Zone and the upper portion of Zone 1, with a limited tonnage extracted from the Wildcat Zone. Zone 2 was partially developed but was not mined. A total of 252,923 ounces of gold were produced at Wasamac.
The estimate was supported by a block model and was constrained with mineralized wireframes capturing mineralized intercepts with a nominal grade of 1.0 g/t Au over a minimum thickness of four metres. Erratic higher-grade samples were capped at 35 g/t Au prior to compositing to two metre intervals. Block gold grade was estimated using an inverse-distance-to-the-power-three (ID3) interpolation method.
The new mineral resource estimate reflects a number of changes, including additional drilling, the exclusion of mineralization previously considered as resources, the addition of new resources, a lower cut-off grade, and the upgrading of Inferred mineral resources to the Indicated category.
The Wasamac property is near a major mining centre in a mining-friendly jurisdiction and benefits from significant infrastructure, including underground openings that could be redeveloped, road access, access to the provincial power grid, and a restored tailings disposal area.
RPA is of the opinion that the Wasamac property hosts a significant gold deposit and that the project has good exploration potential that warrants additional exploration and technical studies.
The 43-101 technical report will be delivered and filed on SEDAR within the next 45 days.
Recommended work program
Phase I:
- Exploration potential study to determine the minimum grade, thickness, and tonnage for new targets
- Drill hole targeting exercise to optimize future drilling programs, with the objective of upgrading areas of Inferred resource to the Indicated category and extending the mineral resource to areas that remain open
- Investigation into the Horne Creek Fault and its potential control on the Wasamac deposit
- Testing of advanced 3D modelling techniques based on the current database
- GIS database compilation of all available and relevant data
Phase II:
- Contingent on the results of Phase I: 20,000-metre diamond drilling program focused on bringing the mineral resource estimate to the point where it could support the preparation of a preliminary economic assessment.
The technical and scientific content of this press release has been reviewed and approved by Marc-André Lavergne, Eng., the Corporation’s qualified person under National Instrument 43‑101, and by Tudorel Ciuculescu, M.Sc., P. Geo., Senior Geologist for Roscoe Postle Associates Inc. (RPA) and a qualified person as defined by NI 43-101.
ABOUT MONARQUES GOLD CORPORATION
Monarques Gold Corp (TSX-V: MQR) is an emerging gold producer focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns more than 240 km² of gold properties (see map), including the Beaufor Mine, the Croinor Gold (see video) and Wasamac advanced projects, and the Camflo and Beacon mills, as well as six promising exploration projects. It also offers custom milling services out of its 1,200 tonne-per-day Camflo mill. Monarques enjoys a strong financial position and has more than 150 skilled employees who oversee its operating, development and exploration activities.
Forward-Looking Statements
The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarques’ actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
#NBA launches own #Esports league as competitive gaming explodes $GMBL
Posted by
at 1:18 PM on Thursday, October 26th, 2017
- Gamers are practising for hours on end with hopes of being drafted into the NBA 2K League, which could catapult players into a lucrative career that comes with some of the same perks enjoyed by real-life basketball stars
16 minutes ago October 25, 2017
At home, in the basketball hotbed of Cleveland, Artreyo Boyd is grinding every day.
His focus is sharp. The game is all that matters. Each day, from morning through late night, he fine tunes his play making, boosts his reputation and dominates the competition, eagerly awaiting the draft in 2018.
He has lived modestly in his 23 years and said the game kept him off the streets. He’s a die-hard Cavaliers fan, but he’d love to live in any NBA city, walk the halls of its team’s facilities and sign autographs for fans. The wait is excruciating.
Story continues below advertisement
As the NBA season gets under way, another group of players prepares for a different opportunity with the league. They hope to be among 85 “athletes” drafted into the new NBA 2K league to play a basketball video game professionally, paid by actual NBA teams and awarded some of the same perks enjoyed by stars such as LeBron James and DeMar DeRozan.
“I imagine we will have something like a professional athlete’s life – meeting fans, playing in front of crowds, working hard all day on our games, getting endorsement opportunities,” said Boyd, better known by his player name, “Dimez,” in NBA 2K and widely considered one of the world’s best. “I hear the NBA’s goal is to turn us into famous people. We have to be marketable and professional.”
Video games have been popular for decades, but competitive gaming is now a burgeoning spectator sport. The NBA will be the first North American professional sports league to operate its own eSports league, eager to stake out territory in this exploding industry.
The breakdown
Each franchise will draft five of the world’s best 2K gamers, move them to its city and house them. While the NBA says the salaries have yet to be finalized, MLSE projected the gamers would be paid between $50,000 and $70,000 (U.S.), plus benefits. The players will also have access to their NBA team’s facilities, all the muscle of its marketing department, and opportunities to make additional earnings through sponsorship or endorsements.
The season will run from May to August. NBA players’ likenesses won’t be used in the 2K League. Instead, the five gamers on each NBA 2K team will each create unique avatars in the remarkably life-like game, and play in pro-am mode against other clubs’ fivesomes. The 2K league will have one or two central locations – production studios – to which all teams will be flown to play the games.
There will be a regular-season schedule, followed by playoffs, culminating in a championship. Adam Silver, NBA commissioner, even joked that it would be cool to see his avatar award the trophy (the NBA says that may not be exactly how it happens though. So fans will have to wait and see.)
Signalling their long-term interest in eSports ventures, many of the 17 NBA teams that will have eLeague squads in the inaugural 2K season have recently hired experts from the gaming community as directors of eSports business.
“This is going to be another way to engage with our fans,” said Brendan Donohue, the NBA’s manager of the 2K league. “Two-thirds of our fans on social media are outside North America, and one-quarter of 2K games are sold outside the continent. We have an online version of the game being played on Tencent in China that has 34 million registered users. It’s difficult for those fans to attend an NBA game, so this is another way to reach them. It definitely has a global appetite.”
Source: https://beta.theglobeandmail.com/sports/basketball/nba-stakes-out-territory-in-competitive-gaming-with-its-own-esportsleague/article36718726/?ref=http://www.theglobeandmail.com&
ThreeD Capital Inc. $IDK.ca Refines its Verticals with a Hard Focus on #Blockchain Themed Technologies #Blockstation
Posted by
at 9:19 AM on Thursday, October 26th, 2017
- Focused on opportunistic investments in companies mainly in the junior resources, blockchain and artificial intelligence sectors
- Focused on three main verticals for targeted investments;
- Will pursue a diversified portfolio of resource investments
- Artificial Intelligence vertical will focus on disruptive data science technologies
- Third vertical will focus on Blockchain Assets
TORONTO, Oct. 26, 2017 — ThreeD Capital Inc. (“ThreeD†or the “Companyâ€) (CSE:IDK) is a Canadian-based venture capital firm focused on opportunistic investments in companies mainly in the junior resources, blockchain and artificial intelligence sectors.
Currently, the Company is focused on three main verticals for targeted investments.
The Company’s Resource Incubation vertical will pursue a diversified portfolio of resource investments with an emphasis on the precious-metal and battery-metal sectors. ThreeD is focused on investing in district scale plays with high optionality and maximum exposure to rising markets.
The Company’s Artificial Intelligence (“A.I.â€) vertical will focus on disruptive data science technologies. Machine Learning and Neuro Networks have been at the forefront of value creation in many industries. ThreeD believes that it is necessary to have exposure to companies pioneering A.I./Machine Learning technologies into new sectors.
The Company’s third vertical will focus on Blockchain Assets. As previously announced on October 16, 2017, the Company formed an initial advisor group of outside consultants to help with due diligence and deal flow relating to potential Blockchain Investments. In this regard, the Company has incorporated a wholly owned subsidiary named Blockamoto.io Corp (which name pays tribute to the inventor of blockchain, Satoshi Nakamoto). Blockamoto.io Corp will build a diverse portfolio of global Blockchain assets.
These three verticals represent standalone unique value propositions and the Company may look at unlocking value as evolution occurs.
About ThreeD Capital Inc.
ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources, Artificial Intelligence and Blockchain sectors.
ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services, mentoring and access to the Company’s network in order to earn increases to the Company’s equity stake.
For further information: Gerry Feldman, CPA, CA Chief Financial Officer and Corporate Secretary
[email protected] Phone: 416-606-7655
PyroGenesis $PYR.ca Announces Grant of Two (2) US Patents for a Total of 54 Patents owned (Issued and Pending)
Posted by
at 9:13 AM on Thursday, October 26th, 2017
- U.S. Patent and Trademark Office has issued two unrelated US Patents to the Company, U.S. Patent. No. 9,447,705 and U.S. Patent No. 9,752,206;
- The first targeting the Environmental Industry,
- TThe second targeting the Mining and Metallurgy Industry, which brings the total number of issued and pending patents held by the Company to fifty-four
MONTREAL, Oct. 26, 2017 – PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V:PYR) (OTCQB:PYRNF), a high-tech company (the “Company†or “PyroGenesisâ€) that designs, develops, manufactures and commercializes plasma waste-to-energy systems and plasma torch products, announces today that the U.S. Patent and Trademark Office has issued two unrelated US Patents to the Company, U.S. Patent. No. 9,447,705 and U.S. Patent No. 9,752,206; the first targeting the Environmental Industry, and the second targeting the Mining and Metallurgy Industry, which brings the total number of issued and pending patents held by the Company to fifty-four (54).
 Block Flow Diagram
“We are happy to add these 2 new patents to our solid and substantial global intellectual property portfolio, which now consists of over 17 issued patents worldwide, and an additional 37 patent applications in progressâ€, said Pierre Carabin, Chief Technology Officer of PyroGenesis. “When combined with our know-how and significant trade secrets, we have over time created a formidable barrier to entry in the markets where we are active.â€
U.S Patent. No. 9,447,705 – Maximizing Energy Recovery in Waste to Energy Processes
U.S Patent. No. 9,447,705 specifically relates to improving the recovery of energy in plasma gasification processes as well as conventional fossil fuel incinerators. As applied to PyroGenesis’ waste-to-energy technologies, this patent provides an innovative way to capture waste heat from various components within the process (i.e. plasma torches, reaction vessels, cooling jackets amongst other high-temperature components requiring cooling), in addition to recovering energy from the hot process gas exhausts.
Block Flow Diagram from Patent No. 9,447,705:Â http://www.globenewswire.com/NewsRoom/AttachmentNg/7076b95f-c9b6-4e61-b8f5-096a3e583b2aÂ
Building upon its proven track record and its proprietary technology, currently being used by the US Navy, PyroGenesis will now be able to offer systems with even higher efficiency to recover energy from waste for small and medium size applications. “Essentially, we are taking our existing cutting-edge technology and making it so much betterâ€, said Mr. Carabin, “which underscores our philosophy at PyroGenesis to strive for innovation with the goal of making our own technologies obsolete.â€
Of note, the waste-to-energy market is expected to grow at a compounded annual rate in excess of 5.5%, to exceed $35 billion by 20191.
U.S Patent. No. 9,752,206 – Plasma Torches Replace Fossil Fuel Burners
U.S Patent. No. 9,752,206 relates to using plasma torches instead of diesel burners in blast furnaces during iron ore pellet induration. Induration of iron ore pellets is an essential step in blast furnaces. The purpose of a blast furnace is to reduce and convert iron oxides into liquid iron called “hot metal”. This process is traditionally heated by fuel burners.
The use of diesel burners is extremely pollutive as the process burns natural gas, heavy oil or pulverized coal. By using electric powered plasma torches, the generation of CO2 created by diesel burners is effectively eliminated.
The amount of pollution produced by these diesel burners is significant. For example, a typical pellet plant producing 10 million metric tonnes of pellets annually emits approximately one million metric tonnes of CO2. The total world pellet production of 400 million metric tonnes of pellets therefore corresponds to the production of 40 million metric tonnes of CO2. This is equivalent to 8.5 million cars on the road, year after year2.
“This new patent is a proprietary process whereby the generation of CO2 by the conventional iron ore pelletizing processes is reduced by using plasma torches powered by renewable electricity instead of burning a fossil fuel, resulting in a near zero emission processâ€, said Mr. Carabin. “Moreover, and most importantly, depending on the price of oil, electricity and carbon credits, replacing diesel burners with plasma troches can result in very significant and quick paybacks.â€
The total world production of such iron pellets is approximately 400 million metric tonnes per year, which corresponds to about 20% of the total iron ore production. Pellet production thermal energy consumption ranges between 600 and 1000 MJ/t3.  Assuming all this energy was replaced by 1 MW PyroGenesis’ plasma torches, the total number of torches required worldwide would be in the order of 10,000 units. At current torch prices, this represents a market in excess of $7.5 billion.
“We have patent applications with similarly broad claims which are currently pending in Europe, Japan, China and other industrialized nations,†said Mr. Pierre Carabin. “We are extremely selective in terms of what intellectual property we patent, as funds for such expenditures are limited. This in part explains the high level of success in awards we receive as we only pursue those that have a high probability of success.â€
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc. is the world leader in the design, development, manufacture and commercialization of advanced plasma processes. PyroGenesis provides engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (3D printing), oil & gas, and environmental industries. With a team of experienced engineers, scientists and technicians working out of our Montreal office and our 3,800 m2 manufacturing facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. Its core competencies allow PyroGenesis to lead the way in providing innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. Its operations are ISO 9001:2008 certified, and have been ISO certified since 1997. PyroGenesis is a publicly-traded Canadian company on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace (Ticker Symbol: PYRNF). For more information, please visit www.pyrogenesis.com
This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s ongoing filings with the securities regulatory authorities, which filings can be found at www.sedar.com, or at www.otcmarkets.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.
Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the OTC Markets Group Inc. accepts responsibility for the adequacy or accuracy of this press release.
SOURCE PyroGenesis Canada Inc.
SOURCE PyroGenesis Canada Inc.
For further information: Rodayna Kafal, VP, Investor Relations and Communications, Phone: (514) 937-0002, E-mail: [email protected] or [email protected]
_______________________
2 https://www.epa.gov/greenvehicles/greenhouse-gas-emissions-typical-passenger-vehicle-0
3 http://www.ironore2015.ausimm.com.au/Media/ironore2015/presentations/S12%20-%20Cameron.pdf
Monarques Gold $MQR.ca announces the first #gold pour at the Beaufor mine since its acquisition #PRODUCER
Posted by
at 9:02 AM on Thursday, October 26th, 2017
- Poured its first gold bar from the Beaufor mine ore since acquiring the mine on October 2, 2017.
- The gold bar weighs 756 ounces (23.5 kg)
- “Today Monarques marks a major milestone in its history as it joins the coveted status of gold producers,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques.
MONTREAL, Oct. 26, 2017 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX.V:MQR) (FRANKFURT: MR7) is pleased to announce that it has poured its first gold bar from the Beaufor mine ore since acquiring the mine on October 2, 2017. The gold bar weighs 756 ounces (23.5 kg).
“Today Monarques marks a major milestone in its history as it joins the coveted status of gold producers,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “Since acquiring the assets of Richmont Mines in Quebec, we have worked hard to optimize the Beaufor Mine’s performance, including signing custom milling contracts so that the Camflo mill may operate at full capacity. Our main goal for the Beaufor Mine is to restore the mine’s profitability and extend its life.”
The technical and scientific content of this press release has been reviewed and approved by Marc-André Lavergne, Eng., the Corporation’s qualified person under National Instrument 43‑101.
ABOUT MONARQUES GOLD CORPORATION
Monarques Gold Corp (TSX-V: MQR) is an emerging gold producer focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns more than 240 km² of gold properties (see map), including the Beaufor Mine, the Croinor Gold (see video) and Wasamac advanced projects, and the Camflo and Beacon mills, as well as six promising exploration projects. It also offers custom milling services out of its 1,200 tonne-per-day Camflo mill. Monarques enjoys a strong financial position and has more than 150 skilled employees who oversee its operating, development and exploration activities.
Forward-Looking Statements
The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarques’ actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
SOURCE Monarques Gold Corporation
Tetra Bio-Pharma $TBP.ca Goes After the #Cannabis Oil Medical Market and Launches a Phase 4 Trial with Cannabis Oils in Partnership with #SantéCannabis
Posted by
at 8:29 AM on Thursday, October 26th, 2017
- Announced the launch of a medical cannabis oil program as it targets penetrating the lucrative cannabis oil market and strengthens its plans to generate revenues from the medical cannabis market
- vision is to develop an evidence-based approach similar to that of any other prescription drug, thereby allowing physicians and pharmacists to prescribe and dispense these medicines to patients in need
OTTAWA, ONTARIO–(Oct. 26, 2017) – Tetra Bio-Pharma Inc. (“Tetra” or the “Company“) (TSX VENTURE:TBP)(OTCQB:TBPMF), a global leader in cannabinoid-based drug development and discovery, today announced the launch of a medical cannabis oil program as it targets penetrating the lucrative cannabis oil market and strengthens its plans to generate revenues from the medical cannabis market.
Last year Tetra launched several drug development programs to commercialize cannabis-based prescription drugs making it one of the world leaders in cannabinoid pharmaceuticals. Tetra’s vision is to develop an evidence-based approach similar to that of any other prescription drug, thereby allowing physicians and pharmacists to prescribe and dispense these medicines to patients in need. Despite the growing popularity of cannabis oils, physicians and pharmacists across Canada are hesitant to support the use of these products because of the lack of data supporting its medical use; even though healthcare professionals have to offer the best available care to patients, they also need to ensure that the treatment dispensed by pharmacists does no harm.
Since 2015, the Canadian cannabis oil market has grown from below 600 kg in the first quarter (Jan-Mar) of 2016 to over 6000 kg in the same first quarter of 2017, and it is expected that this market will continue to show significant growth according to a July 26, 2017 report by Eight Capital. Based on an estimated average sales price of $75-100 per 60 ml for cannabis oil, the 2017 global cannabis oil sales in Canada could exceed 30 million dollars.
According to Tetra’s Chief Executive Officer (CEO), Bernard Fortier,” Tetra is in a good position to penetrate this market. We have been preparing for months how to differentiate ourselves within this market while maintaining our corporate vision of an evidence-based approach. The cannabis oil market will be no different for Tetra. The corporation is dedicated to providing evidence and supporting physicians and other healthcare professionals while making cannabis accessible to their patients. We are on target to initiate our sales strategy by March 2018 to carve out a solid position within the Canadian market. We expect to generate revenues in the cannabis oil market in 2018 and we will grow these revenues as physicians become aware of our scientific approach and patient care programs. Based on a conservative market penetration estimate, we are targeting to grow our share of the cannabis oil business to over 1 million in revenues by 2019.”
Furthermore, Tetra is announcing that it is supporting a post-marketing study (phase 4 clinical trial) of the use of cannabis oil in the treatment of chronic pain. This trial is driven by the medical experts of Santé Cannabis and will provide much needed safety and efficacy data in this patient population. Tetra will be supporting Santé Cannabis in this important endeavor with its internal regulatory and scientific team. Data generated by this study will help Tetra’s medical team in educating physicians on the potential of cannabis oils to treat patients suffering from chronic pain. Once completed, this trial will allow Tetra to penetrate even further into the cannabis oil market making it one of the key players as it continues to grow its share of this over 30-million-plus dollar market.
Tetra’s scientific team is also supporting the sales strategy by initiating a safety and pharmacokinetic study in healthy volunteers (phase 1 clinical trial) to characterize the safe use of these cannabis oil medicines in humans. Combined with the study in patients suffering from chronic pain, Tetra will have a solid and credible position in the medical cannabis oil market. Dr. Chamberland, Tetra’s Chief Scientific Officer (CSO), commented that” physicians are concerned about the potential side effects and well-being of patients using cannabis oil. It is this type of data that continues to allow Tetra to differentiate itself in the medical cannabis market as we become leader in the field. Over and over, physicians and pharmacists welcome the pharmaceutical approach used by Tetra as it is a proven model for bringing safe and efficacious therapies to patients. Patients are expecting their healthcare professionals to treat cannabis like a medicine and help ensure that they safely consume these products. This expectation from patients will soon be fulfilled by Tetra’s strategic approach to patient care.”.
From a business point of view, these studies are part of the sales and marketing strategy required to effectively penetrate a physician-pharmacist product market. The outcome of these studies will also support Tetra’s overall drug development strategy and it is expected that this will allow Tetra to reduce the overall time-to-market for a number of its cannabis-based prescription drugs. The company will also use this data to create novel new products that will allow Tetra to further increase its revenues in the cannabis oil market.
About Tetra Bio-Pharma:
Tetra Bio-Pharma (TSX VENTURE:TBP)(OTCQB:TBPMF) is a biopharmaceutical leader in cannabinoid-based drug discovery and clinical development. Tetra is focusing on three core business pillars: clinical research, pharmaceutical promotion and retail commercialization of cannabinoid-based products.
More information at: www.tetrabiopharma.com
Source: Tetra Bio-Pharma
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.
Forward-looking statements
Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company, through its wholly-owned subsidiary, GrowPros MMP Inc., to obtain a licence for the production of medical marijuana; failure to obtain sufficient financing to execute the Company’s business plan; competition; regulation and anticipated and unanticipated costs and delays, and other risks disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.
Dr. Anne-Sophie Courtois, DVM
Vice President, Marketing & Communications
[email protected]
(514) 360-8040 Ext. 210
www.tetrabiopharma.com
Eloro $ELO.ca receives water permit for drilling at La Victoria $TTC.ca
Posted by
at 3:07 PM on Wednesday, October 25th, 2017
Invested in #Zimtu Capital $ZC.ca ? Did you know legendary financier Sheldon Inwentash is back at it – ThreeD Capital $IDK.ca
Posted by
at 2:34 PM on Wednesday, October 25th, 2017
“The Dot Com Crash Was The Catharsis That Forced The Entire Tech Ecosystem To Forget Fast Money And Focus On Building Disruptive Companies….
The Canadian Small Cap Ecosystem Just Completed Its’ Catharsis â€
                   Sheldon Inwentash, CEO   ThreeD Capital
WHO IS SHELDON IWENTASH?
 Proven Track Record
- Announced the achievement of a major milestone by its’ artificial intelligence holding
- Goldspot has developed a machineâ€learning algorithm capable of significantly improving mineral exploration targeting
CHECK IT OUT!
