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Life in an #Esports gaming house with #Schlinks $GMBL $ATVI $TTWO $GAME $EPY.ca

Posted by AGORACOM-JC at 11:34 AM on Monday, November 27th, 2017

It’s essentially every gamer’s wildest fantasy – living in a house full of other esports enthusiasts.

  • Essentially every gamer’s wildest fantasy: Living in a house full of other esports enthusiasts, where everyone understands that online games can’t be paused
  • But for esports pros, gaming house life is even more valuable than not being nagged to empty the dishwasher all the time – it allows teams to bond and gel on all-new levels.
27 November 2017 – 17:01 By Good Luck Have Fun

Image: Scott Peter Smith

It’s essentially every gamer’s wildest fantasy: Living in a house full of other esports enthusiasts, where everyone understands that online games can’t be paused. But for esports pros, gaming house life is even more valuable than not being nagged to empty the dishwasher all the time – it allows teams to bond and gel on all-new levels.

The concept of gaming houses is new to the South African esports scene, so naturally there’s a lot to be learned from the first MGO to do it, White Rabbit Gaming. We managed to get over our jealousy long enough to catch up with Nicholas ‘Schlinks’ Dammert about what it’s like to literally be living the dream.

“Since WRG were the first in the local scene to venture into the whole idea of gaming houses, I was really excited for this new adventure. Initially I thought it would be quite hard to adjust to the new living circumstances and the change of scenery (Capetonian for life). I expected most of my days to be quite repetitive and restricted, but nevertheless would enjoy the tough grind. “It turned out to be extremely liberating. Outside of team obligations (practices, tournaments) you’re in control of whatever you want to do. On off days you could go read a book, watch series or spend your time visiting new places and experiencing new things. Although it took some time to get used to, the gaming house started to feel like a second home and the change of scenery was hardly noticeable.”

SA gets its first house of gaming – yes, an actual house

In what many consider to be a significant step in local esport development, South Africa now has its own dedicated gaming house
Sport
2 months ago

A man after our own hearts – #capetown4lyf. We had to try hard to not make the rest of the interview about how great Cape Town is. Fortunately for you, our self control is excellent.

When gaming is such a massive part of your life, it must be, as Schlinks says, “extremely liberating” to be able to just focus on what you do best. It allows the players to dive right into the competitive side.

“The grind was really fun. When we’re motivated and every one of us are all playing tons of Dota, matching into each other (in solo queue) or against one another, there’s really high spirits in the team (special shoutout to Castaway’s mid Techies vs my offlane Dazzle in ranked). “Most importantly, every time we managed to achieve a good result against a notable team or placed high in online international tournaments we could all celebrate our achievements together.”

Instead of whooping and hollering over Discord or TeamSpeak, these guys get to walk right up to each other after an online win, high five, tap a few bums, hug it out in a manly fashion and crack a beer in appreciation – adopting the best elements of traditional team sports.

But when you’re living in a gaming house, are you allowed to do anything other than game, eat, sleep, repeat? Are you even allowed to eat and sleep?

“It all depends on whether Dota 2 is getting any local action. While us Dota players are fortunately able to practice on international servers with only minor drawbacks, it’s fairly difficult to maintain a hyper-competitive mindset all the time – it all depends on the competitive climate. “Basically, if there aren’t many international qualifiers or local tournaments being held, us WRG players take a more mellow approach and prefer to play solo queue or relax. But don’t be fooled – we practice a damn load and intensely when we are in that competitive mindset. “On a good day I would play for about 8 hours (practice/solo queue) – taking breaks to walk to the local convenience store and spending some time with the boys while we cook/eat dinner. On lazy days I would watch series all day and order take-out. “As surprising as it may seem, we do tend to go out a fair bit. I believe it’s important to get that little break from the surreal life of full-time gaming and enjoy the time we spend out of the house. We tend to usually walk to the shop around lunch time every day and some of the WRG guys go gymming every few days. Depending on the mood, we also spontaneously visit the casino and have some good nights out around Joburg. Good times.”

It all sounds too good to be true, but Schlinks assures us it was all very real. And yes, we’re nerdgasming over here too.

While there were obvious benefits, there were a few bugs that needed patching too, which is to be expected when you put five highly-competitive individuals in such close quarters for too long. But even those issues were resolved by the magic of the gaming house.

“The positives were very clear. Our performance in-game and communication improved significantly over the competitive Dota season (locally and internationally). The only negative I could point out is the clashes amongst players, but as of late these issues have been rectified via open communication between players and the support we offer one another. “You learn a lot about your teammates once you spend upwards of 75% of your time with them for months at a time. Thankfully we all get along really well and I have come to respect each of them. As time passes it’s typical that some personal issues or clashes ensue, but they’re generally very small-scale and we resolve them swiftly and maturely (while others in the team prefer to box it out – no kidding. Kicking too).”

Competition is tough for the South African Dota 2 circuit but international play is what will really improve your game, say gamers.
Image: Scott Peter Smith

For those of you who don’t stalk local esports players like we do, Schlinks moved back home to Cape Town a few weeks ago. Given the success of the whole experience, this left a couple of onlookers speculating about his future at WRG. But fear not, he ain’t goin’ nowhere. Except for, like, back to Joburg. Poor guy.

“As many people know, the Dota 2 competitive scene in South Africa has largely been on hold for the latter part of the year. Internationally however, the Dota 2 competitive scene has completely restructured and now works in qualifier ‘blocks’ (periods of which many qualifiers are held).

“Once these blocks were finished, I felt the majority of my days were lazy days. I figured I needed a break from the mild pressure of practicing and flew back home to Cape Town – where I am seriously contemplating my Dota 2 career for the upcoming year. However, the move back is only temporary and as soon as things spice up in the local Dota 2 scene I’ll be on the next flight back to the gaming house.”

The benefits of gaming houses are clear, with one of the top Dota players in the country vouching for their efficacy. But are they vital for team growth and progression?

“While they’re a great benefit to any team that would utilise them correctly, I don’t think they’re necessary for that next level.

“The current situation is that esports in SA has – for the most part – been circulating around itself with regards to playstyles, strategies and general competitiveness. The level of competitiveness in SA has been maximised and we need to look overseas in order to expand.

“Thus, for us to reach the next level of competitiveness we would need to have achieved reputable results in international events (‘putting SA on the map’) and in order to get good results teams need to be exposed to these international teams’ level of competitiveness.”

The gaming house life has certainly helped WRG improve as a team. They have the freedom to train as much as they like, their communication skills are getting almost as good as their Dota skills, and they’ve got the international results to show for it. So, while not vital to the scene, gaming houses do seem to play a part in getting us some international exposure.

We’ll leave you today with Schlinks’ answer to our ultimatum: Gaming house and no salary, or salary and no gaming house?

“I’d definitely choose both options – a luxurious gaming house as well as a hefty salary.”

Nope, that’s not how ultimatums work, bro.

“If I had to choose, my answer would be the salary. The reason being: While a gaming house helps in most aspects of gaming, I think the main objective of a gaming house can primarily be achieved by a bootcamp before a tournament. On the other hand, a salary changes the game entirely.

“If salaries were mainstream it would stabilise the competitive scene in many ways. More players would find themselves in an adequate financial state from gaming revenue. This will result in growth amongst the entire competitive scene as we see less players leaving the scene, more players entering the competitive sphere, fewer players jumping ship and switching to other teams and overall less emphasis on trying to place first at every event.

“The point of less pressure on placing first alone encourages practice amongst teams on a local scale and I think we will see the scene expand at a rapid rate – both in mentality about practicing (thus competitiveness) and the pure number growth.”

There you have it MGO owners. If you’re thinking about renting a house for your teams, rather consider putting that money towards stable salaries for the players. But if you’re feeling generous, get them a nice little house too. Preferably in Cape Town.

Source: https://www.timeslive.co.za/sport/2017-11-27-life-in-an-esport-gaming-house-with-schlinks/

Deal-Making in the #Cannabis Industry Hits an All-Time High: What It Means for #Marijuana Stocks $TBP.ca $N.ca $MCOA $ATT.ca $ABCN.ca $ACG.ca $ACB

Posted by AGORACOM-JC at 10:12 AM on Monday, November 27th, 2017

Could more deals mean more dollars for marijuana stock investors?

  • If it seems like there’s been a spurt of deals and potential deals going on in the cannabis industry lately, it’s because that’s exactly what’s happening.
Keith Speights
Nov 27, 2017 at 9:16AM

Canopy Growth Corporation (NASDAQOTH:TWMJF) scored what was probably the most highly publicized deal with large beverage company Constellation Brands (NYSE:STZ) buying a 9.9% stake in the Canadian marijuana grower for $245 million. But Canopy has also forged other agreements with smaller companies both before and after the Constellation partnership.

More recently, Aurora Cannabis (NASDAQOTH:ACBFF) launched a takeover bid for CanniMed Therapeutics. Aurora had wanted CanniMed’s board of directors to agree to an acquisition proposal made last week. When the board failed to respond, Aurora moved forward with its unsolicited takeover attempt.

Major deal-making in the cannabis industry is hitting an all-time high. Here are three ways it impacts not just the parties involved but marijuana stocks in general.

Image source: Getty Images.

1. Acceptance of the cannabis industry

While it’s true that more people have accepted legalization of both medical and recreational marijuana than ever before, the cannabis industry hasn’t entirely been viewed as part of the mainstream economy in the past. I think Constellation Brands’ partnership with and investment in Canopy Growth changes that significantly.

Constellation Brands isn’t a small fish in the pond. The company is a member of the S&P 500 and has a market cap of $43 billion. Its decision to partner with Canopy Growth amounted to an endorsement of the cannabis industry — at least in Canada. However, Constellation’s move could also lead to greater acceptance of the cannabis industry in the U.S.

The company’s CEO, Rob Sands, said in an interview with The Wall Street Journal, that Constellation thinks that legalization of recreational marijuana in the U.S. is “highly likely, given what’s happened at the state level.” Although Constellation Brands is echoing the stance taken by Canopy Growth of only selling marijuana in markets where it’s legal at a federal level, the prospects of future legalization throughout the U.S. can only be helped by a major company like Constellation making a big investment in a marijuana grower.

2. Acceleration of more deal-making

There have been plenty of deals that haven’t received quite as much attention as Constellation’s investment in Canopy Growth and Aurora Cannabis’ takeover attempt of CanniMed. For example, Canopy Growth recently acquired small Canadian medical marijuana grower TerrAscend. Earlier this month, Aurora increased its stake in Hempco Food and Fiber to more than 50%.

Image source: Getty Images.

There’s something of a “me, too” factor when mergers and acquisitions activity picks up. Companies that haven’t been making big deals can be spurred to action in fear of missing out.

Canopy Growth is currently the biggest marijuana grower in Canada. I have no doubt that its size made a difference in Constellation Brands choosing Canopy Growth as a partner. But Aurora Cannabis could become the largest marijuana grower (at least in terms of market cap) if its attempt to buy CanniMed is successful.

Just imagine what’s going through the minds of the executives running other major marijuana growers in Canada. If you’re the CEO of MedReleaf (NASDAQOTH:MEDFF) or Aphria (NASDAQOTH:APHQF), you have to at least be thinking about making some deals of your own.

In fact, MedReleaf recently announced a stock offering that will generate $100.5 million. What will this money be used for? The company intends “to finance the acquisition and/or construction of additional cannabis production and manufacturing facilities in Canada as well as in other jurisdictions with federal legal cannabis markets.” In other words, expect an acceleration of deal-making in the cannabis industry.

3. Attraction of more investors

My view is that deal-making in any industry attracts more investors to stocks in that industry. I see it happen frequently in the bopharmaceutical world, where the possibility of mergers and buyouts tends to bring some individual investors off the sidelines. I suspect that’s what is happening already and will only pick up in the months ahead.

There are several factors that could contribute to this. Size matters for many investors who are leery of putting their money into companies that are small. Deals also make headlines, and therefore bring the involved stocks to the attention of more investors.

Another key reason why I suspect the recent deals for marijuana stocks could attract more investors is the bandwagon effect. That’s especially applicable with Constellation Brands’ investment in Canopy Growth. Some individual investors are likely to think, “If a big company like Constellation thinks it’s a good investment, it probably is a good investment.” I’m not saying that line of thinking is necessarily correct, but I’d bet plenty of people have similar thoughts.

Adding it all up

So what does all of this mean for marijuana stocks in general? It should be good news.

Smaller companies could find themselves takeover targets of somewhat larger companies, just like the situation with CanniMed and Aurora Cannabis. Relatively larger companies like Aurora, Aphria, and MedReleaf could attract the attention of other alcoholic beverage makers not wanting to be left behind by Constellation Brands in a potential cannabis-infused beer market.

I think these and other Canadian marijuana stocks should go higher in the coming months. This won’t be driven entirely by mergers and acquisitions, though. Legalization of recreational marijuana in Canada in 2018 will be the biggest catalyst.

At the same time, investors shouldn’t throw out all the traditional rules of investing in stocks. Look at the underlying businesses, growth prospects, and valuations before investing in any stock. After all, the most important deal is the one that requires you to put your own hard-earned money at stake.

Tom Gardner: Forget Aurora Cannabis Inc.! This buying opportunity is bigger than I ever imagined…

A few months ago, Motley Fool CEO Tom Gardner recently discovered what he considers the greatest buying opportunity he’s seen in more than a decade… within a group of stocks no one is talking about. On Monday, November 27, at 9:30 A.M. ET, Tom is making an important announcement where he will discuss this buying opportunity and how it potentially impacts any investor in the market today. To learn how to access Tom’s timely update, click the button below.

Source: https://www.fool.com/investing/2017/11/27/deal-making-in-the-cannabis-industry-hits-an-all-t.aspx

PyroGenesis $PYR.ca Announces Receipt of $508,000 Down Payment on Previously Announced Sale of Second DROSRITE™ Furnace System to North American Automobile Parts Manufacturer $DDD $SSYS $ PRLB

Posted by AGORACOM-JC at 8:53 AM on Monday, November 27th, 2017

Pyr header 1

  • Further to its press release of November 16, 2017 announced the receipt of the amount of US$ 400,000 (Can $508,000) as a down payment for the sale of a second commercial DROSRITE™ furnace system to a North American automobile parts manufacturer

MONTREAL, Nov. 27, 2017 — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V:PYR) (OTCQB:PYRNF), a high-tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma waste-to-energy systems and plasma torch products, announces today, further to its press release of November 16, 2017,  the receipt of the amount of US$ 400,000 (Can $508,000) as a down payment for the sale of a second commercial DROSRITE™ furnace system (the “System”) to a North American automobile parts manufacturer (the “Client”) which System is scheduled to be delivered in Q2-2018. The name of the Client has been withheld and will remain confidential for competitive reasons.

“This is an important order because it is the second commercial System sold to date and is the first re-order of a DROSRITE™ system from an existing client, and incidentally this order is a carbon copy of the first,” said Mr. Peter Pascali, President and CEO of PyroGenesis Canada Inc. “More importantly, our ability to have secured a higher price for this System (Can $1.02 Million) over the first System (Can $600,000) from the same Client, underscores what we have said all along, which is that PyroGenesis’ DROSRITE™ system provides significant value to end-users.”

PyroGenesis‘ DROSRITE™ system is a salt-free, cost-effective, sustainable process for maximizing metal recovery from dross, a waste generated in the metallurgical industry. PyroGenesis’ patented process avoids costly loss of metal while reducing a smelter’s carbon footprint and energy consumption, providing an impressive return on investment.

“With aluminum manufacturers being subjected to increased pressure from regulatory authorities to eliminate landfilling of hazardous salt cakes from traditional recovery operations, combined with tight operating margins, PyroGenesis’ DROSRITE™ system is able to (i) increase metal recovery from waste, without producing any hazardous by-products, while at the same time (ii) reducing operating costs,” said Mr. Pierre Carabin, Chief Technology Officer of PyroGenesis.

“We expect DROSRITE™ to start becoming a significant contributor to our non-additive business segment in 2018,” said Mr. Pascali. “Not only does our existing Client have a need for an additional three Systems, which we expect will be ordered/delivered in 2018, but as previously disclosed, negotiations for the purchase of several DROSRITE™ systems continue with a client in the Middle East and, separately, a pilot demonstration of the DROSRITE™ system is scheduled for Q1-2018 in India.  Amongst all this activity we recently hired a fulltime business development Account Manager whose role is exclusively to secure DROSRITE™ system sales. We are aggressively targeting both primary aluminum smelters in Asia and the Middle East where the market is estimated to be in excess of 1 million tonnes of dross1, as well as tertiary casting producers worldwide. These two markets alone represent a potential market for DROSRITE™ systems numbering in the hundreds of units.  2018 is shaping up to be a good year for DROSRITE™ system sales.”

Separately, PyroGenesis is pleased to announce today that Mtre Ilario Antonio Gualtieri has joined the Company as Senior Legal Counsel and Corporate Secretary of the Board of Directors effective November 22nd, 2017. Mtre Gualtieri was admitted to the Quebec Bar in 1984 and has over 30 years of experience in corporate and commercial law including, amongst other things, mergers and acquisitions, share purchase agreements, letters of intent, joint venture agreements and commercial litigation.

It is with regret that the Company also announces the departure, effective December 8th, 2017, of Mtre Vanessa Romano who will be leaving PyroGenesis to pursue other opportunities. We thank Mtre Romano for her contributions, and wish her well in her future endeavors.

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 and gas, and environmental industries.  PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization with a team of experienced engineers, scientists and technicians working out of our Montreal office and our 3,800 m2 manufacturing facility. 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.

For further information: Rodayna Kafal, VP, Investor Relations and Communications, Phone: (514) 937-0002, E-mail: [email protected] or [email protected]

Aurora’s $ACB.ca BC Northern Lights and Namaste Technologies $N.ca Sign Supply Agreement $ATT.ca $ABCN.ca $ACG.ca

Posted by AGORACOM-JC at 8:41 AM on Monday, November 27th, 2017

Nlogo

  • Announced that Aurora’s wholly owned subsidiary BC Northern Lights and Namaste Technologies have signed a Hardware Supply Agreement
  • Namaste will be the first third-party distributor to sell BCNL’s premium home cultivation systems and accessories through its online technology platform

VANCOUVER, Nov. 27, 2017 – Aurora Cannabis Inc. (the “Company” or “Aurora”) (TSX: ACB) (OTCQX: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) and Namaste Technologies Inc. (“Namaste”) (CSE: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) are pleased to announce that Aurora’s wholly owned subsidiary BC Northern Lights (“BCNL”) and Namaste Technologies have signed a Hardware Supply Agreement (the “Agreement”) whereby Namaste will be the first third-party distributor to sell BCNL’s premium home cultivation systems and accessories through its online technology platform.

Namaste will roll out same-day delivery service of select BCNL products to the Greater Toronto Area (“GTA”), as well as next day delivery in most other parts of Canada, to help meet the growth in demand for home gardening systems anticipated with the passing of the federal Cannabis Act (the “Act”) to legalize adult consumer use, as well as continued rapid growth of the medical cannabis market.

Legislation announced by the Ontario Government foresees a provincial monopoly on cannabis sales upon introduction of adult consumer use, with only a limited number of stores servicing Canada’s most populous province. As the Act does allow for up to four cannabis plants per household, it is anticipated that home gardening will become an increasing segment of the market. This creates an opportunity that BCNL, with its gold standard products and strong brand recognition, is exceptionally well positioned to capitalize on.

The Agreement is expected to accelerate BCNL product sales and create a new revenue channel for Namaste by leveraging its existing traffic, distribution network, and e-commerce platform, and is aligned with Namaste’s intention to offer the most extensive range of high-quality ancillary products in the cannabis industry. The distributorship of BCNL products follows on an earlier agreement between the two companies, as announced on September 28, 2017, through which Aurora, through its website, is offering a specially curated selection of industry-leading, Namaste-sourced vaporizers to its registered patient base, utilizing Namaste’s technology platform and delivery infrastructure.

Management Commentary

“Aurora and our growing constellation of top-notch subsidiaries have become partners of choice in this sector, at home and around the world, and that’s extremely gratifying,” said Terry Booth, Aurora’s CEO. “It speaks to the power of the Aurora Standard in terms of product quality and customer care, to the trust we inspire in our partners, and to our ability to execute fast and well. We love bringing great companies together, and we’re delighted that Namaste is now helping us bring BCNL’s excellent, efficient and elegant cultivation products to an even broader audience of customers.”

Sean Dollinger, President and CEO of Namaste said, “We are very proud to have signed this Agreement with BCNL and to bring value to our relationship with Canada’s most dynamic licensed producer. We greatly value our relationship with Aurora. Namaste sees large growth potential in home-based indoor cultivation industry and has high expectations for sales through this new channel. This Agreement further exemplifies Namaste’s role as the industry’s leading e-commerce retailer in offering the most innovative products along with partners like Aurora. The ancillary market, in our experience, is ideal for e-commerce penetration and offers very substantial expansion opportunities, and we would like to thank both the Aurora and BCNL management teams for this amazing opportunity.”

About BC Northern Lights

Founded in 2001 and with over 10,000 units sold, BCNL is a leader in developing, manufacturing and marketing self-contained indoor hydroponic grow systems. BCNL’s offerings include grow boxes and cultivation consumables such as lights, carbon filters, grow medium and specialized nutrients, as well as seven days per week support for its customers. The nature of BCNL’s systems enables year-long, consistently high yields of cannabis within a safe, efficient, and discrete environment. BCNL’s multi-award winning systems provide for discreet and odorless operations. Professionally engineered, BCNL’s products provide the highest level of safety, addressing one of the key concerns neighbours living in the vicinity of home growers may have, particularly in multi-dwelling settings. www.bcnorthernlights.com

About Aurora

Aurora’s wholly-owned subsidiary, Aurora Cannabis Enterprises Inc., is a licensed producer of medical cannabis pursuant to Health Canada’s Access to Cannabis for Medical Purposes Regulations (“ACMPR”). The Company operates a 55,200 square foot, state-of-the-art production facility in Mountain View County, Alberta, known as “Aurora Mountain”, a second 40,000 square foot high-technology production facility known as “Aurora Vie” in Pointe-Claire, Quebec on Montreal’s West Island, and is currently constructing an 800,000 square foot production facility, known as “Aurora Sky”, at the Edmonton International Airport, as well as is completing a fourth facility in Lachute, Quebec through its wholly owned subsidiary Aurora Larssen Projects Ltd.

In addition, the Company holds approximately 9.6% of the issued shares (12.9% on a fully-diluted basis) in leading extraction technology company Radient Technologies Inc., based in Edmonton, and is in the process of completing an investment in Edmonton-based Hempco Food and Fiber for an ownership stake of up to 50.1%. Furthermore, Aurora is the cornerstone investor with a 19.9% stake in Cann Group Limited, the first Australian company licensed to conduct research on and cultivate medical cannabis. Aurora also owns Pedanios, a leading wholesale importer, exporter, and distributor of medical cannabis in the European Union, based in Germany. The Company offers further differentiation through its acquisition of BC Northern Lights Ltd. and Urban Cultivator Inc., industry leaders, respectively, in the production and sale of proprietary systems for the safe, efficient and high-yield indoor cultivation of cannabis, and in state-of-the-art indoor gardening appliances for the cultivation of organic microgreens, vegetables and herbs in home and professional kitchens. Aurora’s common shares trade on the TSX under the symbol “ACB”.

About Namaste Technologies Inc.

Namaste is the largest online retailer for medical cannabis delivery systems globally. Namaste distributes vaporizers and smoking accessories through e-commerce sites in 26 countries and with 5 distribution hubs located around the world. Namaste has majority market share in Europe and Australia, with operations in the UK, US, Canada and Germany and has opened new supply channels into emerging markets including Brazil, Mexico and Chile. Namaste, through its acquisition of Cannmart Inc., a Canadian based late-stage applicant for a medical cannabis distribution license (under the ACMPR Program) is pursuing a new revenue vertical in online retail of medical cannabis in the Canadian market. Namaste intends to leverage its existing database of Canadian medical cannabis consumers, along with its expertise in e-commerce to create an online marketplace for medical cannabis patients, offering a larger variety of product and a better user experience.

On behalf of the Board of Directors

Terry Booth,

Sean Dollinger

Chief Executive Officer

Chief Executive Officer

 

This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“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. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Aurora and Namaste are under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

Neither TSX, nor CSE, nor their Regulation Services Provider (as that term is defined in the policies of Toronto Stock Exchange and Canadian Securities Exchange) accept responsibility for the adequacy or accuracy of this release.

INTERVIEW: Peeks Social $PEEK.ca Revolutionizing the Way the World Interacts and Transacts

Posted by AGORACOM-JC at 2:40 PM on Friday, November 24th, 2017

Video is the future of the web. Don’t bother with the stats, take our word for it that the data is irrefutable. When you consider the human race has made video (via TV) its’ preferred mode of content consumption over the last 50 years, it shouldn’t come as a surprise to anyone.

The challenge, however, is monetization. Yeah, YouTube has done a great job by running ads … but how optimized is that given the number of times we all hit “skp this ad” in our rush to watch a video? Forget about the fact that you have to be a major brand or influencer to even qualify.

AGORACOM sat down with Peeks CEO, Mark Itwaru to discuss the company’s revolutionary live streaming video app where people can interact and transact in real time by selling goods and services for real cash. Users are even able to send cash tips as appreciation for content. We love what Peeks is doing because transactions take place in REAL time … and that is an eye opener for everyone from major brands to a brand new broadcaster.

It also explains why Peeks just paid $128 Million to get out of its’ revenue share agreement and own the technology outright. Sounds like a crazy number? Think again. The Company’s user metrics are skyrocketing and big things are planned for 2018, including a Peeks credit card for broadcasters to instantly access and spend their money. You may even just see an AGORACOM channel broadcasting in the new year.

Watch this interview. Spread the word. Peeks is the new kids on the live streaming block …and their bringing real-time monetization with them.

In Israel, a #blockchain and #crypto #hyper-cluster is just getting started $IDK.ca #Blockstation

Posted by AGORACOM-JC at 1:30 PM on Friday, November 24th, 2017

  • Moshe Hogeg announced he would invest in every Israeli blockchain that approached him. That investor group, called Alignment,
  • Consisted of the Singulariteam Technology Group, together with CoinTree Capital, and BlockchainIL

In recent times, it’s Eastern Europe and Russia which have become a hot-bed of crytpocurrency development. But on a recent trip to Tel Aviv, Israel, I took part in what might well turn out to be a historic lunch.

The lunch took place just after well-known tech investor Moshe Hogeg announced he would invest in every Israeli blockchain that approached him. That investor group, called Alignment, consisted of the Singulariteam Technology Group, together with CoinTree Capital, and BlockchainIL.

Held at Alignment’s new blockchain Hub in Tel Aviv, we got to hear from an array of new companies.

Dubbed by many as “Startup Nation”, Tel Aviv has begun to produce a new breed of tech giants, but it’s now turning its hand to blockchain and crypto companies. In recent months, my mailbox has become inundated with pitches from companies claiming to be the next blockchain phenomenon, with plans to revolutionize the finance world, healthcare landscape, travel industry, you name it. The problem is, which one, if any, can deliver? However, after getting deep into the subject with the companies I met, I realized many were at least ‘on to something’. Whether they would survive or not…

Here’s a run-down of who I met with:

Erachain

The idea of a blockchain network that works for the average person still seems far off. But Erachain wants to address that. Russian programmer Dmitrii Ermolaev, co-founder and CEO has grown it from a small operation to a distributed organization. Erachain is a decentralized blockchain platform that has incorporated European and World-Wide AML laws, potentially eliminating the need for traditional banks. It ties all coins with physical assets, reduces the cost of normal crypto transactions, and claims to eliminate anonymous transactions by verifying all users upon registration.

It’s been 4 years in development and is all about creating a Proof of Stake system where verified accounts are used as nodes. The use cases are enterprise and government, where using these technologies is often a huge barrier to entry. Right now it’s about document management and digital signatures.

In the future, most applications of large-scale are going to require some kind of verification platform.

Zen Protocol

This team has been involved in the Bitcoin space since 2011. After the DAO hack, founder Adam Perlow wanted to focus on making Bitcoin better, more usable and useful. He has spent the last year creating Zen Protocol, leveraging the blockchain technology and the popularity of Bitcoin to try to decentralize the financial system by building a new protocol purpose-built for finance. Zen’s pitch is that it allows anyone to create financial transactions, at any time, anywhere in the world using Bitcoin. Zen is designed to be open, frictionless, transparent, and completely decentralized across a Proof-of-Work Blockchain. Zen Core is implemented in the .Net stack and uses the F* functional programming language, built by Microsoft Research, to power contracts.

Perlow says: “Today it’s very hard to enforce agreements. You put funds with the exchange and enter an agreement with a broker. But on the blockchain you don’t need a trusted 3rd party. Banks have huge control and too much control over our lives.”

Zen wants to bring the entire financial world onto the blockchain, connecting digital and crypto assets with fiat stocks and commodities. “If we had a mechanism by which to enforce contractual obligations you wouldn’t need this trusted third-party,” he says.

COTI

Its global world and commerce is global but it doesn’t tap into the full potential because of trust. Trust is centralized and held by banks, Visa etc. These are centralized, high on fees and the approval rate is not good for rest of the world outside of the G10. Meanwhile, Ethereurm and ripple not designed for payments. So the solution is a system built from the ground up to be payment mechanism which is instant, zero fees, reversible, and has anti-fraud mechanisms.

Founder Nir Gazit says: “Bitcoin is not good for stuff, it’s not reversible, there’s no mediation.” So they are building a full stack, an exchange, a wallet, a credit card.

COTI aims to make the global economy truly global by providing instant, scalable, and secure transactions using the COTIcoin. COTI, which appropriately stands for Currency of the Internet, is aimed at incentivizing honest conduct between sellers and buyers by creating a ‘unique behavior scoring’ feature on the Bitcoin sidechain. Users who achieve an “honest” score, meaning those vendors who ship products on time, or buyers who pay when they’re supposed to, are rewarded. The system lets both buyers and sellers see the score of another user before he or she chooses to interact with them. COTI aims to reduce high checkout abandonment rates and eliminate uncertainty while shopping online.

There are currently over 1,000 digital currencies operating on a decentralized basis, however, none can provide the services leading centralized payment providers can. By combining a centralized mediation process and a decentralized payment process, COTI says it has created a technological solution for the consumer payments sector.

Jelurida

Jelurida is the development company behind Nxt and Ardor blockchain platforms. It creates customized commercial versions of these platforms while continuously supporting and maintaining the decentralized public Nxt blockchain. With the upcoming Ardor platform, Jelurida will be creating custom child chains for its clients and partners as well.

Whereas many blockchain companies are still in the fundraising stage, Nxt is fully operational and trading with a market cap of over a hundred million dollars. The company, which has in the past offered functions specifically designed for crypto developers, is turning its focus to use cases which have to do with everyday life, from introducing new voting mechanisms to offering transparent international bank transfers that consumers can enjoy. Ardor is the newest blockchain platform Jelurida has been working on, and functions as sort of a Nxt 2.0. Ardor features a unique parent-child chain structure, which helps combat blockchain bloat.

  • Investor Moshe Hogeg has created the Alignment investment vehicle to invested purely in Israeli blockchain and crypto startups.

CrowdWiz

CrowdWiz, which is a fully decentralized crypto investment platform that lets users ditch third-party fund managers, recently began its ICO on November 20th. The company has already raised over $5 million in a public pre-sale, and plans to use the money to develop their investment platform. CrowdWiz relies on the so-called ‘wisdom of the crowd’ to make funding decisions. The CEO Slavena Savcheva claims that a collective entity makes a better decision as a whole than the most intelligent person in the group alone.

CrowdWiz allows the crowd, not fund managers, banks or middlemen, to decide on how the general fund is spent. Users of CrowdWiz will use the company’s cryptocurrency, the OPX token, to vote on which asset they want funds to go to. The platform then distributes based on the majority opinion of the crowd. CrowdWiz solves some of the issues associated with traditional funds today, such as high entrance costs and large fees. Savcheva wants to make the trading process fun, easy, and completely transparent using the wisdom of the crowd to decide where the money goes.

Prior to founding CrowdWiz, Savcheva was the Business Development Manager for TRADOLOGIC, one of the world’s leading FinTech software providers, where she operated and steered the firm’s business in Asian markets.

Orbs

Orbs sits under Cointree and is based on the “Spector” paper written by Hebrew university researchers. It takes the blockchain and turns it into a DAG, another database structure, so it can then process many more blocks in a second. The idea is that it puts the bottleneck at the communication layer not the not the consensus layer. Since the more forks in a blockchain the less secure and slower it become, Orbs claims to be able to process a transaction at whatever speed the network is.

Alignment

Alignment came about because the VC firm Singulariteam partnered with two local Israeli firms, Blockchain IL and CoinTree Capital, to form a sort of blockchain and ICO consultancy which they dubbed “Alignment.” The company aims to groom and support the next blockchain unicorn coming out of Israel. The company consults, develops and funds Blockchain early-stage projects and existing companies, from inception through ICO, and later.

Startups will need to pay for the privilege, of course. Its listed clients to date include Bancor, messaging app Kik, and Stox. Of those, Bancor conducted a $153 million ICO, while Kik raised $98 million in its token sale earlier this year.

Since many people are skeptical of ICOs at the moment (especially in light of the Tezos controversy), Alignment supports blockchain companies, in a climate that’s at best lukewarm towards ICOs. Moshe Hogeg, VC, Founder & Chairman of the Singulariteam, pledged Alignment would “invest, without exception, in every Israeli blockchain company in 2017.”

Bancor

If you’ve been following the blockchain revolution, you’ve probably heard about Bancor. This company made history when it held one of the most successful ICO’s (at the time it was a world record), raising over $153 million from over 10,000 participants in less than three hours. Bancor has created a market maker application that aims to facilitate trading with other digital coins. The Bancor protocol enables built-in price-discovery and a liquidity mechanism for tokens on smart contract blockchains. Bancor’s claims it allows anyone to create their own cryptocurrency and operate it independent of a third-party exchange. The Bancor Protocol allows for the creation of thousands of cryptocurrencies on the Ethereum blockchain, creating a interconnected asset exchange ecosystem which unlocks the long tail of user-generated tokens. Smart tokens are designed with additional functionality such as “delegated account recovery” and “vaults” to address security issues. The aim of these features is to make cryptocurrencies more accessible and to encourage mass adoption.

Stox

You may have heard the news about Stox’s ethereum based prediction market platform when Floyd Mayweather boasted he would “make a $hit t$n of money … on the Stox.com ICO.”

Following Mayweather’s bullish words, Stox raised $33 million in an ICO last August. Stox claims users can predict and trade the outcome of events in almost any imaginable category: Finance, sports, politics and even the weather, as they might in a traditional stock market.

Unlike a lot of crypto companies which tailor their services to blockchain experts, the Stox platform is designed to accommodate, and be intuitive for mainstream audiences.

As you can see, Israel, and specifically Tel Aviv, is creating a huge force in this new world. If they play their cards right, they could well start to rival the co-called ‘Crypto Valley’ in Switzerland.

Source: https://techcrunch.com/2017/11/23/in-israel-a-blockchain-and-crypto-hyper-cluster-is-just-getting-started/

St-Georges $SX.ca Updates Shareholders on Warrants Execution, #Crypto-Mining in #Iceland & #Lithium Processing $NNX.ca $OM.ca

Posted by AGORACOM-JC at 11:51 AM on Friday, November 24th, 2017

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  • Company updates its shareholders and stakeholders on the status of some of its initiatives and provide some clarity to recent recurring questions from the public

Montreal, Quebec / November 24, 2017 – St-Georges Platinum & Base Metals ltd (CSE: SX) (OTC: SXOOF) (FSE: 85G1) would like to update its shareholders and stakeholders on the status of some of its initiatives and provide some clarity to recent recurring questions from the public.

Warrants being executed

On November 3, the company notified certain warrants holders of its intention to accelerate the expiry date of certain warrants with an execution price of $0.04 issued in May 2016. Of a total of 7,250,000 warrants in circulation, the company has already processed or received execution notices from warrant holders representing 5,000,000 warrants for total proceeds of $200,000.

Lithium clay extraction technology

Many shareholders have made clear to management that they would like more disclosure on the current on-going lithium extraction technology research & development initiative. For competitive reasons, the Company is not able to fully disclose the mechanics of the technology being developed, which led some to form their own speculation with respect to the technology and our partners.

The analysis of the work done by the company metallurgists has convinced Company management of the necessity to file patents in the near future before fully disclosing all the details pertaining to this method of lithium extraction out of clay. However, other information can be readily disclosed; First, the technology is proprietary, it is not an improvement on other technologies developed by our partner Strategic Metallurgy Pty, or anything related to the revolutionary L-Max lithium extraction process owned by Lepidico (ASX:LPD). The process does not use liquid acid to leach the lithium out of the clay. A review of publicly disclosed private or public research program didn’t identify any other research using a similar approach. The tests currently done aimed at proving the capacity of this technology to extract in one mining circuit phase lithium chloride from the clays in their current stage as found in the Bonnie Claire Valley. The Company has enrolled the help of Dundee Sustainable Technologies as a contractor to run some of the tests in an independent laboratory environment.

Blockchain & Cryptocurrencies

On November 11, the company announced it had found a third-party escrow service company that had agreed to act as a facilitator to accept cryptocurrencies in our future private placements. The company also disclosed that some of its suppliers had agreed to receive payments in cryptocurrencies.

This announcement has generated questions, some of which can be addressed as follows: St-Georges is not moving its main business towards a blockchain or cryptocurrencies business model. However, the company has decided to leverage the presence on its board and in its management of individuals who are well versed on the subject, including one of our directors who published many papers on the subject for well-known scientific publication and runs a cryptocurrencies laboratory in China. The company was also contacted by other individuals and companies interested in being introduced to the entities in Iceland that can facilitate the implementation of crypto-mining operations. The company will review the potential of these opportunities with an independent committee of its directors, not involved in the blockchain space and will decide a course of action that should avoid conflict of interest, yet allow the company to monetize some of these opportunities.

King of the North Corp.

In the last month, the company announced the creation of a subsidiary with the focus of putting together a portfolio of potentially large mineral exploration projects. St-Georges contributed its Isoukustouc Nickel-Copper-Cobalt project to it. It also announced its intention to option the Hemlo North Limb project from Canadian Orebodies. The management of KOTN is currently reviewing other potential acquisitions, and if these reviews are positive, they should be communicated to the public in the near future. Some shareholders questioned the focus of St-Georges after the last announcement from KOTN and the management of St-Georges would like to clarify that KOTN was created in order to be managed as a separate entity, with its own exploration and financing objectives. St-Georges’ board of directors believe that this will allow St-Georges’ management to better focus on the remaining activities of the company.

Saguenay claims & Muscovite Mines

On November 13, St-Georges announced that it had acquired the 50% ownership of the Saguenay claims held by Quantum Numbers Corp. (TSX-V: QNC). Prior to this transaction, these claims were jointly-owned in equal proportion with St-Georges. The company intends to initiate some surface works on these claims in the next 10 days. St-Georges will also form an ad-hoc independent committee of directors to establish the best terms to acquire the core claims composed of 8 historical muscovite mines that are currently owned by Mark Billings and Frank Dumas, both of whom are officers and directors of the company, and their third partner who has no relationship with the company. The company expects to make some announcement within the next 10 days in regard to this proposed acquisition.

Other announcements

St-Georges’ management will be in London, U.K. for investor presentations next week from November 27th to December 1st in parallel with the “Mines & Money Conference’. Investors are welcome to contact the company to arrange a meeting. Other updates are expected before the end of the month.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANK DUMAS, PRESIDENT & CEO

About St-Georges

St-Georges is developing new technologies to solve the some of the most common environmental problems in the mining industry.

The Company controls directly or indirectly, through rights of first refusal, all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi region. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

TRADING ALERT: Namaste $N.ca Up 28% on 11M Shares Traded $ATT.ca $ABCN.ca $ACG.ca $ACB

Posted by AGORACOM-JC at 11:39 AM on Friday, November 24th, 2017

TRADING ALERT!!!

 

Last: $0.68 Up: $0.15

Percentage: 28% Volume: 11M Shares

Hub On AGORACOM / Corporate Profile

Explor $EXS.ca Increases Ogden Property $EXN.ca $HBE.ca $OSK.ca

Posted by AGORACOM-JC at 3:21 PM on Thursday, November 23rd, 2017

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  • Announced the acquisition of seven (7) patented mining claims situated in the Ogden Township, in the Porcupine Mining Division, District of Cochrane, Province of Ontario for a total of 115.34 hectares

ROUYN-NORANDA, QUEBEC–(Nov. 23, 2017) – Explor Resources Inc. (“Explor” or “the Corporation”) (TSX VENTURE:EXS)(OTCQB:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce the acquisition of seven (7) patented mining claims situated in the Ogden Township, in the Porcupine Mining Division, District of Cochrane, Province of Ontario for a total of 115.34 hectares. These claims are located in Ogden Township contiguous and to the east of the Timmins Porcupine West Gold Property. Highway 101 West is north of the property and provided excellent access to the city of Timmins. The claims were acquired because of encouraging results obtained in Explor’s past exploration on this property.

Explor Resources Inc. will pay CDN $45,000 and issue 2,000,000 common shares to acquire a 100% interest in the additional Ogden patented mining claims. The Optionors have retained a 2% NSR in the property. This acquisition is subject to the approval of the TSX Venture Exchange.

With this acquisition, the Ogden property now consists of 21 mining claims (115 mineral claim units) and 7 patented mining claims covering 1,958 hectares situated in the Porcupine mining division, district of Cochrane, in the Ogden and Price Townships, Ontario. The Ogden property has been previously explored by Hollinger Mines, Tex-Sol Exploration, Inmet Mining Corporation, Amax Mineral Exploration, Noranda Exploration and Knick Exploration. The majority of the holes drilled by previous operators were less than 100 meters in length. Historically on the Ogden Property, the only hole that hit significant mineralization was a diamond drill hole by Tex-Sol Exploration in 1965 which returned 6.0 g/t Au over 9.1 m at a shallow depth. On the TPW Gold Property significant mineralization was intersected below 300 meters of vertical depth requiring drill holes of 500 to 600 m in length.

The most significant deposits in Timmins are spatially associated with porphyry units that are in proximity to the Porcupine Destor Fault. The deposits appear to be also associated with splay faults that trend off and to the North of the Porcupine Destor fault inside an interpreted splay fault corridor.

Chris Dupont P.Eng is the qualified person responsible for the information contained in this release.

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQB (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).

This Press Release was prepared by Explor. 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.

About Explor Resources Inc.

Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Québec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Québec with approximately 33% in Ontario and 67% in Québec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Corporation was continued under the laws of Alberta in 1986 and has had its main office in Québec since 2006.

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:

Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows:           Indicated: 213,000 oz (4,283,000 tonnes at 1.55 g/t Au)   Inferred: 77,000 oz (1,140,000 tonnes at 2.09 g/t Au)       Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows:           Indicated: 396,000 oz (4,420,000 tonnes at 2.79 g/t Au)   Inferred: 393,000 oz (5,185,000 tonnes at 2.36 g/t Au)This document may contain forward-looking statements relating to Explor’s operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Explor’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Explor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

Explor Resources Inc.
Christian Dupont
President
819-797-1870
888-997-4630 or 819-797-4630
[email protected]
www.explorresources.com

Alonso launches #Esports team $GMBL $ATVI $TTWO $GAME $EPY.ca

Posted by AGORACOM-JC at 11:09 AM on Thursday, November 23rd, 2017

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By: Jonathan Noble, Formula 1 Editor
1 hour ago
  • Fernando Alonso has become the first Formula 1 driver to branch out into eSports, after launching his own team ahead of the Abu Dhabi Grand Prix
  • Two-time world champion has formed a partnership with McLaren sponsor Logitech to expand into the gaming world – with ambitions set on his outfit becoming the best in the world

The two-time world champion has formed a partnership with McLaren sponsor Logitech to expand into the gaming world – with ambitions set on his outfit becoming the best in the world

The team, which will be called FA Racing G2 Logitech G, will compete in a host of top-line series both in F1 sim racing and other online categories.

“I am a team principal finally,” smiled Alonso at the launch of the team in the Yas Marina paddock on Thursday. “There will be no meetings very early. We will change completely the way we work!!”

Alonso said he had been approached by Logitech and G2 a few months ago about the idea, and believed it was the right time to get involved with gaming as eSports racing was starting to take off.

“It is very exciting, and it is a completely new thing to discover,” he explained. “I think eSports in other formats has been very successful but in racing, it is at the very beginning, and I think huge potential will come.

“I am happy to be one of the first investing in this direction and I think good and fun times are coming – not only for us, but for gamers at home and for fans.”

While the focus on FA Racing will be on professional championships, competing in the official F1 game, rFactor and other categories, Alonso said that part of his team’s plan was to find ways that fans could race with them too.

When asked if he had signed himself to his own team, Alonso said: “Not yet. But we have some ideas for our fans to have online competitions, monthly, that they can not only participate with our pro drivers but also with myself.

“I will definitely be slower – more the amateur level. We will have fun, that is the first thing, and we will develop a platform that is available for everyone in the world.”

F1 boost

F1 commercial chief Sean Bratches believed Alonso’s decision to run an eSports team would deliver a big boost to the sport’s profile amid younger fans.

“Fernando’s brand has been a pillar of the success of F1 in the linear world, and just like other brands going into other areas, he gives a credibility,” he said.

“A lot of drivers and athletes, in their second career, go into business and I think while this is a fun participatory game, it is competition. It is a big business and it is just getting bigger.

“F1 and Fernando are getting in at the early stages, notwithstanding that it has been around a couple of years.”

Source: https://www.motorsport.com/f1/news/alonso-launches-esports-team-981819/