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$AAO.ca Augusta Subsidiary FOX-TEK Receives First Order for its Leak Detection #ENB.ca #PBL.ca

Posted by AGORACOM at 10:10 AM on Tuesday, April 3rd, 2018

 

  • FOX-TEK’s first order for novel leak detection system for Alberta engineering firm
  • Intention is to increase market share in smart sensing technology sector
  • Third party testing demonstrated clear advantages over current available technologies

Toronto, Ontario–(Newsfile Corp. – April 3, 2018) – Augusta Industries Inc. (TSXV: AAO) (the “Corporation”), a developer and marketer of patented non-intrusive sensing systems, is pleased to announce that its wholly owned subsidiary, FOX-TEK Canada Inc. (“FOX-TEK”), has received its first order for its novel leak detection system from an Alberta based engineering firm.

In its desire to increase its market share in the smart sensing technology sector, FOX-TEK has developed a novel leak detection system specifically designed for the oil and gas sector. In third party testing, this leak detection technology showed clear advantages over current available technologies. The leak detection system, which is able to sense a thin film of hydrocarbon contaminants on top of water, has been very well received by a number of the Corporation’s clients. The end-user, which is one of North America’s largest pipeline companies, decided to acquire the leak detection system based on its performance in the testing and the low cost of the technology as compared to other currently available technologies.

“The development and acceptance of the leak detection system is another milestone in FOX-TEK becoming a leader in the smart sensing technology field,” said Allen Lone, the President of the Corporation. “The Corporation is encouraged by the successful testing of the leak detection system and is encouraged by the initial order for this system. The Corporation will continue to develop new technologies to address the needs of our clients.”

The Corporation would also like to provide an update on the proposed spin-off of FOX-TEK. The Corporation has received several unsolicited offers from arm’s length third parties pertaining to the purchase of all of the issued and outstanding securities in the capital of FOX-TEK. As such, the Corporation has decided to suspend the proposed spin-off as that it may evaluate these offers. The Corporation continues to work with its financial and legal advisers to ascertain the best course of action for both the Corporation and its shareholders. The Corporation will continue to provide updates as they become available.

About the Corporation

Through its wholly owned subsidiaries, Marcon International Inc. (“Marcon”) and FOX-TEK, the Corporation provides a variety of services and products to a number of clients.

Marcon is an industrial supply contractor servicing the energy sector and a number of US Government entities. Marcon’s principal business is the sale and distribution of industrial parts and equipment.

FOX-TEK provides world leading solutions to various sectors including the oil and gas industry. With non-intrusive technologies including fiber-optic sensors and electric field mapping systems, FOX-TEK is able to accurately measure changes that could negatively impact our client’s operations.

Corporation contact:

Allen Lone, President and C.E.O.
Tel: 905.275.8111, Ext. 226
Email: [email protected]

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betterU Education Corporation $BTRU.ca Provides Update on Closing of US$100 Million Investment $ARCL $BPI $FC.ca

Posted by AGORACOM-JC at 9:17 AM on Tuesday, April 3rd, 2018

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  • Chairman of TUCapital, Kenny Ho, has confirmed to the Corporation that TUCapital has been established and that they have executed on the Subscription Agreement as of April 3rd, 2018
  • betterU’s Board of Directors Chairman Tony Keenan is currently in Guangzhou, China with Mr. Ho coordinating the details of the fund transfer
  • Expected to be within the upcoming 2-3 weeks subject to banking and legal requirements

OTTAWA, April 03, 2018 — betterU Education Corp. (TSX-V:BTRU) (FRANKFURT:5OGA) (the “Corporation” or “betterU”) is pleased to provide an update on the closing of the US$100M equity investment last announced on February 8th, 2018.

The Chairman of TUCapital, Kenny Ho, has confirmed to the Corporation that TUCapital (the ‘Fund’) has been established and that they have executed on the Subscription Agreement as of April 3rd, 2018. betterU’s Board of Directors Chairman Tony Keenan is currently in Guangzhou, China with Mr. Ho coordinating the details of the fund transfer which is expected to be within the upcoming 2-3 weeks subject to banking and legal requirements. The Corporation had previously announced that the agreements were to be completed by the end of March; however, deals of this size and nature do involve many people from multiple countries, processes, paperwork, banks and legal approvals which has had an impact on timelines. The Corporation has also been working with their own legal and banking teams in preparation for receipt of funds. Once funds have been received, the Corporation will update the market to the issuance the shares, subject to legal and governing body approvals.

The consummation of any financing, as contemplated, remains subject to TSXV approval, and among other conditions of the TSXV’s approval, disinterested shareholder approval.

About betterU

betterU, a global education to employment platform, aims to provide access to quality education from around the world to foster growth and opportunity to those who want to better their lives. The company plans to bridge the prevailing gap in the education and job industry and enhance the lives of its prospective learners by developing an integrated education-to-employment ecosystem. betterU’s offerings can be categorized into several broad functions: to complement school programs with flexible KG-12 programs preparing children for next stage of education, to provide access to global educational opportunities from leading educators, to foster an exceptional educational environment by providing befitting skills that lead to a better career, to bridge the gap between one’s existing education and prospective job requirement by training them and lastly, to connect the end user to various job opportunities.

www.betterU.ca and www.betterU.in

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.

This press release may contain forward-looking statements and information, which may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with betterU’s growth, the state of the financial markets, regulatory risks and other factors. There can be no assurance or guarantees that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, betterU disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise. Readers should not place undue reliance on any statements of forward-looking information that speak only as of the date of this release. Further information on betterU’s public filings, including their most recent audited consolidated financial statements, are available at www.sedar.com.

For further information, please visit https://ir.betteru.ca/investor-overview/press-releases/

On behalf of the Board of Directors,
better Education Corp.
Brad Loiselle, CEO

For further information:

Investor Relations
1-613-695-4100 Ext. 233
Email: [email protected]

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Gratomic Inc $GRAT.ca Gratomic Announces 6.88% Cg Over 62 Metres at 100% Owned Buckingham Project #Graphite

Posted by AGORACOM-JC at 8:55 AM on Tuesday, April 3rd, 2018

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  •  %100 owned Buckingham graphite project in Quebec
  •  16.64% Cg  over 18 metres in drill hole CK18-07
  • 4.94% Cg was intersected over 66 metres in Hole CK18-09

TORONTO, April 03, 2018 (GLOBE NEWSWIRE) — Gratomic Inc. (“Gratomic” or the “Company”) (TSX-V:GRAT) (FRANKFURT:CB81) a vertically integrated graphite to graphenes, advanced materials development company is pleased to provide results from the diamond drilling program at its 100% owned Buckingham graphite project in Quebec. Results have now been received from all six holes, with assays up to 16.64% Cg (carbon as graphite) over 18 metres in drill hole CK18-07.

Gratomic’s Co-CEO Arno Brand stated, “The Buckingham results are inspiring and further validate that this asset has significant exploration merit.”

Highlights of the results received to date include a grade of 6.88% Cg over 62 metres in hole CK18-07, that included 12.75% Cg over 29 metres and included a higher grade 16.64% Cg interval over 18 metres, starting at a depth of 57 metres. A grade of 4.94% Cg was intersected over 66 metres in Hole CK18-09 from six metres, that included higher grade near surface intervals of 14.52% Cg over four metres and 13.52% Cg over three metres. A summary of the results is given in the table below.

 

The drilling follows up on positive results of previous work including airborne electromagnetics, trenching and a first stage drill program undertaken during 2016 and 2017. Hole CK-18-06 was drilled to the northwest to test the thickest portion of the 1.54 kilometre long northeast-southwest trending electromagnetic (EM) conductor and intersected low grade graphite mineralization associated with carbonate horizons in quartzo-feldspatic gneiss. Hole CK 18-07 was drilled to the southeast through the conductor between trenches 5 and 6 from the 2017 program. The hole intersected three graphite zones between 30 and 146 metres, with the highest grades associated with marble zones within gneiss. Hole CK18-08 was collared approximately 50m north of hole CK18-06 and drilled to the southeast. It intersected two graphite zones from 46 to 63 metres and from 95 to 108 metres with higher grades again associated with marble horizons. Hole CK18-09 was drilled to the northwest across a narrowing of the EM anomaly and intersected three graphite zones between 6 metres and 157 metres. Graphite mineralization in the near surface zone is associated with intervals of marble within the gneiss. Holes CK18-10 and CK18-11 were drilled across conductors in the vicinity of trench 2 and trench 10, respectively. Both holes showed relatively narrow intervals of graphite associated with marble.

All samples were placed in a plastic sample bag along with a sample tag. Bags were sealed with a single use tie. Samples were securely stored prior to shipping to SGS in Lakefield Ontario. Samples were crushed, milled and roasted and treated by HCl leach prior to being assayed by the combustion infrared technique (LECO). The Company routinely submits standards, duplicates and blanks with sample batches to monitor the quality of the assays.

The technical content of this News Release was reviewed and approved by Roger Moss Ph.D., P.Geo, a qualified person as defined by National Instrument 43-101.

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.

About the Buckingham Project

The 100%-owned Buckingham Graphite Property is located 7 kilometres northwest of the town of Buckingham, Quebec, Canada and consists of eight claim blocks totaling 480 hectares. Well-maintained bush roads provide easy access to the property. The property lies within the Central Metasedimentary Belt of the Grenville Geologic Province 82 km south of Imerys Graphite & Carbon’s operating Lac des Iles graphite mine. Graphite occurs disseminated in marble and paragneiss and within veins hosted in pegmatite, diopside skarn, marble and gneiss.

Two graphitic zones, the Uncle Zone and the Case Zone have been discovered to date, with both zones showing high grade occurrences of disseminated flake and vein type graphite and yielding assay values as high as 81.1% Cg. Initial crushing and flotation of two samples from the Uncle Zone has achieved purity of up to 99.4% Cg from a single flotation test without process optimization (see news release dated February 17, 2015).

For more information: visit the website at www.gratomic.ca or contact:
Arno Brand, Co-CEO, +1 416-561-4095

E-mail inquiries: [email protected]

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#HPQ Signs MOU with Big Data Enterprise #Blockchain Solution Developer to Develop a Carbon Credit Marketplace for #Solar Carbon Credits Generated by its #PUREVAP™ Process $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 8:15 AM on Tuesday, April 3rd, 2018

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  • Entered into a Memorandum of Understanding with Undisclosed Blockchain Company
  • To advise, develop and implement a new set of blockchain solutions for the monetization of solar and renewable energy carbon credits through a marketplace
  • Will also serve to complete the Company’s vertical integration plans from quartz to solar cells

MONTREAL, April 03, 2018 – HPQ Silicon Resources Inc. (HPQ) (TSX-V:HPQ) (FWB:UGE) (OTCPink:URAGF) is pleased to inform shareholders that its newly created subsidiary, Solar Blockchain Energies Inc. (“SBEI”), has entered into a Memorandum of Understanding (“MOU”) with an Undisclosed Blockchain Company (“UBC”) to advise, develop and implement a new set of blockchain solutions for the monetization of solar and renewable energy carbon credits through a marketplace, which will also serve to complete the Company’s vertical integration plans from quartz to solar cells.

The UBC is one of the world’s first developers of a hybrid permission-based blockchain protocol with big data capability. The UBC will develop a new set of blockchain solutions running on its core protocol that will develop, amongst other things, a marketplace for the monetization of solar based carbon credits generated in the near future by HPQ PUREVAP™Â process by both the Company and its customers in the solar and renewable energy industries.

Solar Carbon Footprint Lifecycle Requires Blockchain Traceability

While the end result of traditional solar energy solutions is often referred to as “low carbon” or “carbon neutral” because it does not emit CO2 during its operation, it is anything but a carbon-free form of energy generation due to significant CO2 emissions that arise in earlier phases of its life cycle. Specifically, production of silicon wafers from quartz can contribute to over 70%1 of the Solar Carbon Footprint Lifecycle (SCFL).

The Economist, in an article titled “How Clean Is Solar Power?” stated “Silicon is melted in electric furnaces where most electricity is produced by burning fossil fuels…so when a new solar panel is put to work it starts with a ‘carbon debt’ that has to be paid back before it can become part of the solution. A panel made in China, for example, costs nearly double the greenhouse-gas emissions of one made in Europe.”2

Since production processes and the geographical location of the plants play an important role in the extreme variability of each silicon wafer SCFL, it is almost impossible to accurately and transparently monetize the carbon credit that should be generated by Solar energy over its lifecycle without a universal ledger that can track the actual carbon footprint at both the production stage, as well as, the actual green energy produced by each silicon wafer.

By combining HPQ’s vertically integrated low carbon foot print PUREVAP production process to produce Solar Grade Silicon Metal with the UBC proprietary blockchain capacity, HPQ’s SBEI subsidiary will seek to create an open solar energy blockchain ecosystem that invites and allows other actors in the field to participate. HPQ’s SBEI subsidiary will also collaborate with the parent company of the UBC in order to monetize the carbon credit ledgers on a commercial marketplace, which should consolidate the Company’s leadership position in the low carbon foot print solar space. Though final data is not yet available, HPQ and its partners believe the PUREVAP™Â process can reduce the carbon footprint of a silicon wafer at production by 75%3. If so, this blockchain and marketplace initiative will help drive our global business by providing customers with significant carbon credit monetization opportunities.

Blockchain is the Key to Carbon Credit Monetization

Carbon credits, which put a price on carbon reductions, is a clear way in which companies and individuals can be empowered to reduce or offset the negative or unavoidable impact of their business and choices on the environment.

However, since its inception, the market is beset by a lack of visibility, which prevents people from trusting the carbon credit as an asset. Differing standards and regulations in different jurisdictions and the potential for double counting have resulted in a lack of confidence from potential market participants.

Without a universal ledger it isn’t easy to track how much carbon you’ve used or – if you offset it – what the impact of your reduction has been on a tangible level. As an individual, it is hard to incorporate carbon credits into your daily life.

Carbon credits are the perfect candidate for a digital currency as they are data-driven, rely on multiple approval steps and exist separately from the physical impacts to which they correlate. Put simply, blockchain is the name for a digital ledger in which transactions – often made with “tokens” or a cryptocurrency – are recorded chronologically and publicly.

By placing a value on the ecosystems that support our planet, carbon credits internalise the invisible costs of everyday choices and allow a sustainable marketplace to emerge. This is the ultimate goal of the HPQ SBEI subsidiary and UBC partnership. Creating both an ecosystem, (Solar Blockchain Energies) and a “carbon currency” in order to consolidate the Solar generated carbon market.

Bernard J. Tourillon, Chairman and CEO of HPQ Silicon stated, “Our entry into the solar and carbon credit blockchain space is a logical extension of our business model, and consistent with our proven approach of working with industry leaders in their specific fields. The Company has been considering this for some time but we waited until the right partnership project presented itself before moving forward. This transaction was done in such a way that both our PUREVAP™ project and our blockchain project will be independent from each other but will also benefit significantly from their respective strengths.”

This News Release is available on the company’s CEO Verified Discussion Forum, a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders.

1 Assessing the lifecycle greenhouse gas emissions from solar PV and wind energy: A critical meta-survey, Energy Policy, February 2014, Pages 229-244
2 https://www.economist.com/news/science-and-technology/21711301-new-paper-may-have-answer-how-clean-solar-power
3 Versus traditional chemical processes to purify SoG Si (Siemens Process) (HPQ PR dated March 15, 2016)

About HPQ Silicon

HPQ Silicon Resources Inc. is a TSX-V listed resource company planning to become a vertically integrated High Purity, Solar Grade Silicon Metal (SoG Si) producer and a manufacturer of multi and monocrystalline solar cells of the P and N types, required for high performance photovoltaic conversion.

HPQ’s first goal is to develop, in collaboration with industry leaders Pyrogenesis (PYR.T) and Apollon Solar the innovative metallurgical PUREVAPTM “Quartz Reduction Reactors (QRR)” process (patent pending), which will permit it to produce SoG Si in one step. The start of the pilot plant that will validate the commercial potential of the process is planned for second half of 2018.

Disclaimers:

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 on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.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 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.

Shares outstanding: 194,867,557

For further information contact

Bernard J. Tourillon, Chairman and CEO, Tel: (514) 907-1011
Patrick Levasseur, President and COO, Tel: (514) 262-9239
www.HPQSilicon.com

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Posted in All Recent Posts, Blockchain stocks, Canadian Blockchain Stocks, Featured, HPQ-Silicon Resources Inc., Smallcap Blockchain stocks | Comments Off on #HPQ Signs MOU with Big Data Enterprise #Blockchain Solution Developer to Develop a Carbon Credit Marketplace for #Solar Carbon Credits Generated by its #PUREVAP™ Process $HIVE.ca $BLOC.ca $CODE.ca

#Twitch Launches #Esports Digital Channel #SuperLeagueTV $GMBL $KUU.ca

Posted by AGORACOM-JC at 12:24 PM on Monday, April 2nd, 2018
  • Debuting on Twitch, SuperLeagueTV is the first ever network dedicated to amateur esports and competitive amateur players
  • Initial programming will include top tier gameplay from Super League’s City Champs tournaments

Debuting on Twitch, SuperLeagueTV is the first ever network dedicated to amateur esports and competitive amateur players. Initial programming will include top tier gameplay from Super League’s City Champs tournaments, as well as the most compelling storylines that emerge from among the thousands of individual and team-vs-team competitions happening throughout the year within Super League’s League of Legends and Minecraft events.

Broadcasting from Ultimate Media Ventures, Super League Gaming’s Huntington Beach-based production partner, SuperLeagueTV will offer commentary and analysis during hotly contested matches and original programming that shines a light on the increasing number of people who are making competitive video gaming their sport of choice. Beginning this week with Super League Gaming’s League of Legends City Champs season, the channel will feature known shoutcasters and other esports influencers, including play-by-play from Alexander “Opal” Archumbault, and color commentary by Alex “Mad_Magical” Whieldon.

“Super League Gaming is a player-first company. SuperLeagueTV is a player-first network,” said Matt Edelman, Chief Commercial Officer of Super League Gaming. “We are creating a channel dedicated to the massive community of amateur gamers seeking opportunities to play their sport in a trusted, competitive environment where they also can create lasting real-world connections. SuperLeagueTV is a natural extension of our core value proposition.”

SuperLeagueTV‘s launch lineup will consist of multiple nights of gameplay taking place in heated City-vs-City battles within movie theaters across the country. Woven into the programming will be pre- and post-match content, including player interviews and City Club profiles, all of which will be available on SuperLeague_TV via Twitch. Additional content and distribution announcements will be made throughout the year.

Coming on the heels of Super League’s recent four-city expansion to Atlanta, Tampa Bay, Washington D.C, and Philadelphia, SuperLeagueTV’s launch continues Super League’s 2018 momentum as the top esports brand for amateur gamers. New strategic, brand and game publisher partnerships will be announced soon.

Source: http://worthplaying.com/article/2018/4/2/news/108035/

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#Gold Climbs After #China Imposes Tariffs $AMK.ca $EXS.ca $GGX.ca $GR.ca $GZD.a $MQR.ca

Posted by AGORACOM-JC at 11:41 AM on Monday, April 2nd, 2018
  • Gold prices rose Monday after China imposed tariffs on a range of U.S. goods, following through on a promise to retaliate against the Trump administration’s penalties on imports of Chinese steel and aluminum
  • Gold for June delivery added 0.8% to $1,337.40 a troy ounce on the Comex division of the New York Mercantile Exchange
By Amrith Ramkumar

April 2, 2018 10:19 a.m. ET

Gold prices rose Monday after China imposed tariffs on a range of U.S. goods, following through on a promise to retaliate against the Trump administration’s penalties on imports of Chinese steel and aluminum.

Gold for June delivery added 0.8% to $1,337.40 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices have stayed between about $1,305 and $1,360 this year, moving within that range based on safe-haven demand from investors, swings in the dollar and worries about higher interest rates.

Some money managers favor gold when they think markets might turn rocky. Protectionist trade policies from the U.S. and China have stoked fears of a global trade war that leads to higher manufacturing costs and eventually slower economic growth, pushing some traders to scoop up gold.

The Chinese penalties range from 25% on American pork and eight other kinds of goods to 15% on fruit and 120 types of commodities, according to the Chinese Finance Ministry.

“Last night’s tariff news from China spooked the market, took the dollar lower and gave us a lot of safe-haven buying in gold,” said Bob Haberkorn, senior market strategist at RJO Futures.

A weaker dollar boosts gold by making it and other dollar-denominated commodities cheaper for overseas buyers. The WSJ Dollar Index, which tracks the U.S. currency against a basket of 16 others, pared early losses and was recently up less than 0.1%.

Investors will be monitoring speeches from Federal Reserve officials and economic data this week for the latest clues about the path for higher interest rates. Gold struggles to compete with yield-bearing assets as borrowing costs rise, and the prospect of two or three more increases following March’s rate increase has limited price gains, according to analysts.

“Rates are going to hang over any gold rally we have for the remainder of the year,” Mr. Haberkorn said.

Among base metals, copper for May delivery added 0.7% to $3.0480 a pound. Prices fell 7.9% in the first quarter to end an eight-quarter winning streak, hurt by trade tensions and lukewarm Chinese economic data. However, data released over the weekend showed an official gauge of China’s factory activity rose to a three-month high in March, as factories ramped up production following the Lunar New Year holiday.

Some investors expect data to pick up as the year goes on and supply disruptions from mining labor contracts up for renegotiations to buoy prices.

Write to Amrith Ramkumar at [email protected]

Source: https://www.wsj.com/articles/gold-climbs-after-china-imposes-tariffs-1522678783

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Gary Vee’s Throughts On #DRAKE & #Twitch #Esports #LOL $GMBL $KUU.ca

Posted by AGORACOM-JC at 4:50 PM on Thursday, March 29th, 2018

“It is now a forgone conclusion that millions of people will sit for trillions of hours and watch other people game.”

“I’m in love with my these of eSoorts and virtual reality in a year window.”

“Do you know how many kids are making real bank on twitch playing video games all day?”

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5 things to know about #cannabis from Ontario’s latest provincial budget $N.ca $NXTTF $TBP.ca

Posted by AGORACOM-JC at 1:21 PM on Thursday, March 29th, 2018

Growing flowers of cannabis intended for the medical marijuana market are shown at OrganiGram in Moncton, N.B., on April 14, 2016. THE CANADIAN PRESS/Ron Ward

The Canadian Press
Published Wednesday, March 28, 2018 4:21PM EDT

TORONTO – As the federal government moves to legalize marijuana for recreational users later this year, Ontario’s latest budget sheds light on the province’s approach to sales, distribution, enforcement and revenue expectations.

– The Ontario Cannabis Retail Corporation, an LCBO subsidiary created to manage sales and distribution of recreational pot in the province, is not expecting to generate profits immediately after legalization. It is expecting an $8-million loss in 2017-2018, followed by a $40-million loss in 2018-19, largely due to initial startup costs to establish the retail network. By 2019-20, the province is forecasting OCRC net income of $35 million, followed by $100 million in net income by 2020-21.

– In a bid to crack down on the black market for marijuana in Ontario, the provincial government is creating a Cannabis Intelligence Co-ordination Centre to shut down illegal storefronts.

– The province will create a specialized legal team to support drug-impaired driving prosecutions. As well, it plans to fund sobriety field test training for police officers to help detect impaired drivers.

– Ontario will be providing municipalities with $40 million over the first two years of legalization to help with the costs of dealing with recreational pot. The Ontario Cannabis Legalization Implementation Fund will be funded by Ontario’s portion of the federal excise duty on recreational cannabis, at 75 per cent.

– Ontario plans to apply the full Harmonized Sales Tax, at 13 per cent, to off-reserve purchases of recreational cannabis by a Status Indian, band or band council, similar to tobacco and alcoholic beverages. However, medical cannabis purchased off-reserve from a licensed producer will be eligible for a rebate of the eight per cent provincial portion of the HST.

Source: https://www.cp24.com/news/5-things-to-know-about-cannabis-from-ontario-s-latest-provincial-budget-1.3863067

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The Problems With #Bitcoin And The Future Of #Blockchain $SX $SX.ca $SXOOF $IDK.ca $AAO.ca

Posted by AGORACOM-JC at 11:10 AM on Thursday, March 29th, 2018

Saeed Elnaj , Forbes Councils

The author Henry Miller once said, “Confusion is a word we have invented for an order which is not understood.” And confusion seems to run rampant in many articles that criticise of blockchain, while the real problem is with Bitcoin and cryptocurrencies.

There are key differences between Bitcoin and blockchain. Blockchain is a digitized, distributed and secure ledger that guarantees immutable transactions and solves the trust problem when two parties exchange value. Cryptocurrencies like Bitcoin rely on blockchain to conduct transactions. Yet blockchain transcends cryptocurrencies and offers many solutions that are likely to disrupt numerous industries with some profound implications.

In a simple metaphoric comparison, blockchain is like an engine that can be used in airplanes, vehicles, elevators, escalators, washers and dryers. Bitcoin, meanwhile, is like the first Ford Model T that was manufactured in 1908. This fundamental difference helps in understanding the polymorphic value of blockchain and the problems with bitcoin and most cryptocurrencies.

One area of confusion about blockchain is the perceived negative environmental negative impact, but this is a problem specific to bitcoin and some other cryptocurrencies. It is caused by the limitations of the decade-old design of bitcoin and due to Bitcoin’s mining process that requires a “proof of work” to validate transactions. Proof of work is a mathematical algorithm that is essential to validate transactions in the Bitcoin blockchain and consumes huge computational power and energy close to what Denmark consumes annually. Other cryptocurrencies operate differently. Ether, for example, uses the proof-of-stake concept, which is energy efficient, while the cryptocurrency ripple does not require mining.

Another misconstrued problem is blockchain’s slow performance, which is, again, a Bitcoin issue. Bitcoin’s network requires an average of 10 minutes to create a block, and it’s estimated that it can only manage seven transactions per second (TPS). Ethereum does better (20 TPS), and the IBM blockchain (1,000 TPS) and Ripple (1,500 TPS) are even more impressive.

There’s also discussion about the inability of financial institutions to adopt the blockchain technology, which is an issue with the financial institutions — not the technology.

But what is interesting is that there are additional and bigger problems specifically with regard to Bitcoin.

First, Bitcoin has a limited number of “coins” that amounts to 21 million BTCs when all the coins are mined by the year 2140. It’s likely that way before then, Bitcoin mining will not be profitable due to the high energy cost and expensive hardware needed for mining. The Bitcoin transaction fees will not be sufficient to keep the network going either. There are many theories in terms what might happen when mining stops, but the likely scenario could be that Bitcoin will not have the computing power needed to assure transactions, grinding the network to a halt. The question then, is, what will happen to the value of Bitcoin?

Source: https://www.forbes.com/sites/forbestechcouncil/2018/03/29/the-problems-with-bitcoin-and-the-future-of-blockchain/#3695222868dc

 

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Posted in All Recent Posts, Bitcoin, Blockstation, Canadian Blockchain Stocks, Smallcap Blockchain stocks, St Georges Eco-Mining Technologies, ThreeD Capital | Comments Off on The Problems With #Bitcoin And The Future Of #Blockchain $SX $SX.ca $SXOOF $IDK.ca $AAO.ca

Peeks Social $PEEK.ca App Generated $2.98M in Gross Revenue for Nine Months Ended September 30, 2017 $BCOV $AVID

Posted by AGORACOM-JC at 8:37 AM on Thursday, March 29th, 2018

Peeks large

  • Reported $2,980,842 of gross revenue for the nine months ended September 30, 2017
  • Set additional monthly deposit records in each month from September 2017 to January 2018

TORONTO, March 29, 2018 — Peeks Social Ltd. (TSX-V:PEEK) (OTCQB:PKSLF) (“Peeks Social” or “the Company”) is pleased to announce the mailing to Peeks Social shareholders of record as at February 27, 2018 (“Shareholders”) of a management information circular dated March 19, 2018 (the “Circular”) and related meeting materials in connection with an annual and special meeting of Shareholders to be held on April 18, 2018 (the “Meeting”).

Included in the Circular are consolidated pro-forma financial statements for the Company and Personas.com Corporation (“Personas”), which provide insight into the true consolidated financial performance of the Peeks Social application. On a consolidated basis, the two companies reported $2,980,842 of gross revenue for the nine months ended September 30, 2017. Subsequent to September 30, 2017, the Peeks Social app set additional monthly deposit records in each month from September 2017 to January 2018, as reported in a press release dated February 2, 2018.

At the Meeting, Shareholders will be asked, among other items, to approve the amalgamation transaction with Personas (the “Transaction”), details of which can be found in the Company’s press release dated February 5, 2018, and in the Circular, which has been posted to SEDAR. The Company and its board of directors have determined that the Transaction is in the best interest of the Company and strongly recommend that Shareholders vote in favour of the Transaction.

If successful, the Transaction will result in the acquisition of the technology assets used in the Peeks Social livestreaming app (the “Technology”), along with certain other related technology assets. The successful completion of the Transaction will allow the Company to receive the full benefit of revenues generated by the Peeks Social app. The Technology is licensed by the Company from Personas pursuant to an agreement dated August 14, 2015, as amended October 18, 2016, and is the source of the Company’s current licensing revenue.

The Peeks Social app can be downloaded in either the Apple or Google app stores, or by visiting www.peeks.com.

For further information, please contact:

Peeks Social Ltd.
Mark Itwaru
Chairman & Chief Executive Officer
647-992-7727
[email protected]

David Vinokurov
Director Investor Relations
416-716-9281
[email protected]

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

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