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ThreeD Capital Inc. $IDK.ca – How #Blockchain can further the cause of electric vehicles #EV $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 10:37 AM on Thursday, August 15th, 2019

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

IDK: CSE

How Blockchain can further the cause of electric vehicles

 Leslie D’Monte

  • According to researchers, EV charging infrastructure could get a further boost if blockchain is integrated into energy systems
  • Countries such as India and those in the European Union are pulling out all the steps to strengthen the EV ecosystem

Bengaluru: Charged up with the idea that electric vehicles (EVs) hold the future of energy and transportation, many countries such as India and those in the European Union are pulling out all the steps to strengthen the EV ecosystem with battery storage manufacturing plants, besides offering a host of financial and tax incentives.

While all these initiatives are steps in the right direction, many researchers believe the EV charging infrastructure could get a further boost if blockchain is integrated into energy systems.

A new study by researchers at the University of Waterloo, for instance, reveals that there is a lack of trust among charging service providers, property owners and owners of EVs. With an open blockchain platform, all parties will have access to the data and can see if it has been tampered with, researchers insist. Their reasoning is that using a blockchain-oriented charging system will allow EV owners to see if they are being overcharged while property owners will know if they are being underpaid.

Blockchain, primarily known for powering cryptocurrencies like bitcoins, is a form of Distributed Ledger Technology (DLT) that promises to reduce costs and establish trust, but faces challenges like the speed of processing transactions. Its popularity lies in the fact that participants have a copy of the ledger’s data that contains the most recent transactions or changes, thus reducing the need to establish trust using traditional methods.

“Energy services are increasingly being provided by entities that do not have well-established trust relationships with their customers and partners,” said Christian Gorenflo, a PhD candidate in Waterloo’s David R. Cheriton School of Computer Science, in a 14 August press statement. “In this context, blockchains are a promising approach for replacing a central trusted party, for example, making it possible to implement direct peer-to-peer energy trading,” he added.

In undertaking the study (recently published in the ‘Proceedings of the Tenth ACM International Conference on Future Energy Systems’), Gorenflo, his supervisor, professor Srinivasan Keshav of the Cheriton School of Computer Science, and Lukasz Golab, professor of Management Science, collaborated with an unnamed EV-charging service provider who works with property owners to install EV supply equipment that is used by EV owners for a fee.

The revenue stream from these charging stations is then shared between the charging service provider and each property owner. The EV supply equipment is operated by the charging service provider, so the property owners must trust the provider to compensate them fairly for the electricity used.

From the case study, the researchers deduced that to incorporate blockchain technology into an energy system, the involved parties must first establish trust between themselves. Second, the parties concerned should design a minimal blockchain system including smart contracts that resolves the trust issues identified in the first step. Finally, with the trust-mitigating blockchain in place, the rest of the system can be migrated iteratively over time. This allows the business model to eventually grow from a legacy/blockchain hybrid into a truly decentralized solution, the researchers said.

According to Gorenflo, “In the end, we could even have a system where there is machine-to-machine communication rather than people-to-machine. If an autonomous vehicle needs power, it could detect that and drive to the nearest charging station and communicate on a platform with that charging station for the power.”

While blockchain implementations in India especially have centred mostly around the banking, financial and insurance services sector (BFSI), Jio recently announced it will install one of the largest global blockchain networks in India, comprising “tens of thousands of nodes operational on day one”, over the next 12 months.

That said, integration of blockchain technology into energy trading is now being touted as a promising area of research, and many studies have made efforts in this regard.

Switzerland-based The Share&Charge Foundation, for instance, is building a decentralized blockchain system for EV charging, to support payment and contracts. It uses the Open Charge Point Interface protocol (OCPI) protocol for the peer-to-peer (P2P) connections between service providers and charge point operators. According to Share&Charge, the combination of OCPI with blockchain technology can result in secured contract and connections between parties and improved payment and settlement.

During the ‘Global Blockchain Congress–Consensus 2018’, organised by the Department of Information Technology and Electronics, Government of West Bengal in December 2018, researchers from New-Delhi based The Energy and Resources Institute (Teri) made a presentation on the ‘Application of Blockchain in Modern Day Power Systems: Trendsetting a New Paradigm’. Teri’s proposal, made by Alekhya Datta, Fellow, and Shashank Vyas, Associate Fellow, covered use cases for EVs, distributed battery storage, grid-connected microgrids, and rooftop solar PV project financing using blockchain.

As an example, the Teri researchers pointed out that privately-owned EV charging stations could be used to charge some vehicles passing near the station and the transaction of bids of charging station owners, power/energy flow, billing and real-time settlement of payments could be managed over a blockchain.

Similarly, IIT-Kanpur researchers have proposed that since current billing systems lack transparency, enabling the service provider to overcharge the customer, blockchain could be used to develop a “verifiable billing” system.

Source: https://www.livemint.com/

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Enthusiast Gaming $EGLX.ca – #FIFA #eWorld Cup 2019 Grand Final generates record viewership #Esports $EPY.ca $FDM.ca $WINR $TCEHF $ATVI $TNA.ca

Posted by AGORACOM-JC at 12:10 PM on Wednesday, August 14th, 2019

SPONSOR: Enthusiast Gaming Holdings Inc. (TSX-V: EGLX) Uniting gaming communities with 80 owned and affiliated websites, currently reaching over 75 million monthly visitors. The company exceeded 2018 target with $11.0 million in revenue. Learn More

EGLX: TSX-V

FIFA eWorld Cup 2019 Grand Final generates record viewership

  • Online viewership increased by 60 per cent from 29m views in 2018 to 47m views in 2019
  • FIFA eWorld Cup™ Grand Final match carried by 21 broadcasters in more than 75 territories
  • More than 140m views across EA SPORTS™ FIFA 19 Global Series season since October 2018

FIFA and Electronic Arts Inc. announced today that the FIFA eWorld Cup™ 2019 experienced another increase in total viewership and achieved new record figures, generating more than 47 million views across online platforms during the three-day event.

After impressive numbers throughout the season, FIFA eWorld Cup™ 2019 views increased 60 per cent compared to last year, becoming the most viewed event of the EA SPORTS™ FIFA 19 Global Series.

The action was streamed in six languages for the first time – Arabic, Chinese, English, German, Portuguese and Spanish – and was broadcast to more than 75 territories around the world. Additionally, the EA SPORTS™ FIFA 19 Global Series generated more than 140 million total views across the 2018/2019 season since kicking off in October 2018.

At the FIFA eWorld Cup™ 2019, the world’s best 32 EA SPORTS™ FIFA 19 players competed to be named champion. Mohammed ‘MoAuba’ Harkous from Germany was ultimately crowned FIFA eWorld Cup™ Champion 2019, winning the grand prize of USD 250,000 and an exclusive invitation to The Best FIFA Football Awards™, which take place in Milan on 23 September.

The pinnacle of the EA SPORTS™ FIFA 19 Global Series enjoyed a fitting climax, with an enthusiastic crowd watching on from The O2, London’s revered riverside arena, which created a one-of-a-kind atmosphere in one of the most iconic music and entertainment venues in the world.

After an expanded calendar which included 17 worldwide league partners, new events such as the FIFA eNations Cup™ and the eChampions League, as well as new events all over the globe, the FIFA eWorld Cup™ 2019 crowned the world’s best EA SPORTS™ FIFA 19 player.

Speaking about the event, Luis Vicente, Chief Digital Transformation and Innovation Officer at FIFA said: “The FIFA eWorld Cup™ 2019 showcased once more the growing interest in competitive FIFA and the huge potential for both viewership and on-site live audiences. Surpassing 100 million views across the season is another record milestone for us and our partner EA SPORTS™. With the newly introduced event structure and rankings this season, the competition level at the FIFA eWorld Cup™ was the most competitive we’ve ever seen.”

Vicente added: “With a 60 percent year-on-year increase in viewership, the new elements added to the FIFA eWorld Cup™ 2019 like the on-site production in six languages and live music acts complemented another record-breaking event, resulting in a unique and exciting live experience for fans at The O2 in London, as well as an enhanced livestream experience for viewers on FIFA’s digital channels.”

Reflecting on the FIFA eWorld Cup™ 2019 and the EA SPORTS™ FIFA 19 Global Series, Todd Sitrin, SVP and GM of the EA Competitive Gaming Division said: “Competitive FIFA viewership growth has skyrocketed. This growth was fuelled by an expanded EA SPORTS™ FIFA 19 Global Series which now includes millions of competitors, 17 football league partners hosting top-flight leagues, and dozens of licensed events being executed throughout the year. We’re very happy with the results and the fact that the eSports industry has recognized this franchise as a tier one eSport.”

Source: https://www.fifa.com/fifaeworldcup/news/fifa-eworld-cup-2019-grand-final-generates-record-viewership

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BetterU Education Corp. $BTRU.ca – The art of new-age learning #edtech: A dynamic phenomenon $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 10:31 AM on Wednesday, August 14th, 2019
SPONSOR:  Betteru Education Corp. aims to provide access to quality education from around the world. 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 ecosystem. Click here for more information.
BTRU: TSX-V

The art of new-age learning: A dynamic phenomenon

  • The e-learning market, valued at over USD 0.25 billion in 2016 is expected to grow to almost USD 1.96 billion by the end of 2021. But this begs the question, why is e-learning on the rise?

India Today Web Desk New Delhi August 14, 2019

E learning, digital education, advantages of e learning, digital learning

It was always going to happen. Art of learning, as we have seen has always been a dynamic phenomenon. What started as a fiefdom of few in the age of gurukuls became a fraternity of educators and educated at the advent of the 21st century.

But what has remained constant is the movement towards a system that grants more autonomy to the learners, more avenues and tools to educators and an overall impetus to the knowledge economy. The rise of e-learning should be viewed in that neon light.

Over the years, numerous articles, blogs, and testimonials have been written eulogizing, admonishing or elucidating the e-learning fad. All of them capture one or the other facet of this emerging avenue. But never have they been so (ir) relevant than now. India, at the moment, is going through; perhaps its biggest development phase in the education sector, particularly the one which deals the way knowledge is disseminated and consumed. Byju, Toppr, Extraclass, you name it.

The probability will be that there are millions who have heard their name or have used it once. The e-learning market, valued at over USD 0.25 billion in 2016 is expected to grow to almost USD 1.96 billion by the end of 2021. But this begs the question, why is e-learning on the rise?

Why is e-learning on the rise?

There are certain benefits to being on an e-learning platform. From some obvious ones like the flexibility to learn anytime and anywhere to personalized learning level matching your learning curve, the new way of teaching offers something that was never possible before.

E-learning platforms offer you with not just a plethora of disciplines to choose from but also come hard packed with methods that are easy to grasp and easier to understand.

The application of audio-visual tools, fun animations and colorful subject material makes it much easier for both the students and tutors to understand and convey the concepts the books so desperately try to achieve.

The dearth of physical infrastructure, a reality in many government run schools, is something that can be easily overcome by adopting neo-learning tools. All that one need is a working internet connection, if the course is online or enough electricity hours to charge the tablets that come in hand. And these are far cheaper to provide than the usual infrastructures needed to run a school.

Major advantages

Another major advantage that these platforms offer, particularly extraclass.com is the motivation to learn. It might sound far-fetched but one of the primary reasons students hate schools or even colleges is due to lack of motivation to sit in the class the whole day and still learn nothing by the end of it. The problem is not with teachers, though they too could use a bit of brushing, but in the mode of education. Not everyone is blessed with a capability to sit out 8 hours at a stretch.

And faculties, burdened by their already heavy course structure have little proclivity to make any changes or spare a word or two of motivation to the students, since there’s syllabus to be completed, assignments to be checked and administrative work to be done. What we instead do is assign every child a mentor, a sort of guiding person who helps them out not just with their course module but also with helping them chalk out their career opportunities.

Main focus of EdTech startups

But behind this rosy picture lies a disconcerting reality, one which still needs a lot of work to get affixed. While it is no surprise that most of the EdTech startups begin by focusing mostly on Tier I and Tier II cities, the trend is beginning to change. extraclass.com, for instance, has made it an objective to start from the grassroots and then make its way upward.

While it’s true that part of it is largely shaped by relative saturation of the sector in the select cities, the fact remains that focus on rural areas makes more sense, economically. With competitive pricing, localized user interface and relevant product placements, companies can tap into areas that have largely remained untouched.

The size and demand of the education sector in the country is too large to be manageable by government or few private players alone. The time has come to engage players that have solutions that are more in line with the changing trend of education. And that doesn’t demand complete replacement of school systems with e-learning.

Both are needed. There is enough space to co-exist. A child is the greatest asset of a nation and all of us have a role to play in shaping him/her for the future of their nation, for their society and for themselves.

Source: https://www.indiatoday.in/education-today/featurephilia/story/art-of-new-age-learning-e-learning-divd-1580775-2019-08-14

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North Bud Farms $NBUD.ca Completes Construction of its Phase One Cultivation Facility and Establishes U.S. Based Subsidiary, Bonfire Brands USA $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca

Posted by AGORACOM-JC at 9:21 AM on Wednesday, August 14th, 2019
  • Announced the completion of its 24,500 square foot phase one indoor cannabis cultivation facility located on 135 acres of land in Low, Quebec, Canada.
  • This week consultants are finalizing the facility’s Evidence of Readiness Package for submission to Health Canada.
  • “This is an important milestone for NORTHBUD, as we transition from the construction phase to pre-operational phase,” said Ryan Brown, CEO of NORTHBUD.

TORONTO, Aug. 14, 2019 — North Bud Farms Inc. (CSE: NBUD) (OTCQB: NOBDF) (“NORTHBUD” or the “Company”) is pleased to announce the completion of its 24,500 square foot phase one indoor cannabis cultivation facility located on 135 acres of land in Low, Quebec, Canada. This week consultants are finalizing the facility’s Evidence of Readiness Package for submission to Health Canada.

“This is an important milestone for NORTHBUD, as we transition from the construction phase to pre-operational phase,” said Ryan Brown, CEO of NORTHBUD. “We believe that we have built an extremely cost-effective facility that will allow us to be competitive in all aspects of the Canadian market. With the addition of over 500,000 square feet of outdoor production later this year, we anticipate production of over 10 million grams of Cannabis in calendar 2020.”

Creation of New U.S. Subsidiary

NORTHBUD wishes to inform shareholders that they have established a wholly owned U.S. based subsidiary. Bonfire Brands USA Inc. has been established to own and operate NORTHBUD’s proposed acquisitions in the U.S. markets.

NORTHBUD is pleased to announce that it has appointed Justin Braune as President of Bonfire Brands USA.  Mr. Braune currently serves as the CEO of EUREKA Vapor and will lead all of the NORTHBUD’s U.S. operations.

Mr. Braune brings over 10 years of industry experience to the NORTHBUD team. A graduate of the United States Naval Academy, he served in the U.S. Navy for ten years where he helped manage nuclear reactor systems aboard the USS Ronald Reagan. He holds an MBA from the University of Southern California’s Marshall School of Business.

Prior to joining EUREKA Vapor, Mr. Braune served as President at Made By Science, a startup science and delivery technology company which was recently acquired by Acreage Holdings. Mr. Braune has served as CEO and President for multiple startup private and public companies over his 10-year career in the cannabis industry.

“I look forward to working with Justin as we move into the operational phase of our U.S. expansion plan,” said Ryan Brown, CEO of NORTHBUD. “Justin has extensive contacts in the U.S. cannabis industry which will be very valuable as we continue to expand and enter into new partnerships.”

About North Bud Farms Inc.
North Bud Farms Inc., through its wholly owned subsidiary GrowPros MMP Inc., is pursuing a licence under The Cannabis Act. The Company has built a state-of-the-art purpose-built cannabis production facility located on 95 acres of Agricultural Land in Low, Quebec, Canada. North Bud Farms Inc. has entered into agreements to acquire assets in California, Colorado and Nevada.

For more information visit: www.northbud.com

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

Forward-looking statements
Certain statements and information included in this press release that, to the extent they are not historical fact, constitute forward-looking information or statements (collectively, “forward-looking statements”) within the meaning of applicable securities legislation. Forward-looking statements, including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar expressions to the extent they relate to the Company or its management. Forward-looking statements are based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, the risk factors included in the Company’s final long form prospectus dated August 21, 2018, which is available under the Company’s SEDAR profile at www.sedar.com. Accordingly, readers should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all of such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The Company does not undertake any obligation to update any forward-looking statements to reflect information, events, results, circumstances or otherwise after the date hereof or to reflect the occurrence of unanticipated events, except as required by law including securities laws. This news release does not constitute an offer to sell or a solicitation of any offer to buy any securities of the Company.

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
North Bud Farms Inc.
Edward Miller
VP, IR & Communications
Office: (855) 628-3420 ext. 3
[email protected]

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Spyder Cannabis $SPDR.ca Launches Same-Day Delivery Service for #Vapes and #Cannabis Accessories in the GTA $ACB $APH $CRON.ca $HEXO.ca $OGI.ca

Posted by AGORACOM-JC at 7:37 AM on Wednesday, August 14th, 2019
  • Announced the launch of a new same-day delivery service for customers in the Greater Toronto Area.
  • Spyder customers in the Greater Toronto Area now have the option, for a nominal fee, of choosing guaranteed same-day delivery for vapes and cannabis accessories on orders placed before 2pm.

Vaughan, Ontario–(August 14, 2019) –  Spyder Cannabis Inc. (TSXV: SPDR) (“Spyder“), an established Canadian cannabis and vape retail operator, announces the launch of a new same-day delivery service for customers in the Greater Toronto Area.

Spyder customers in the Greater Toronto Area now have the option, for a nominal fee, of choosing guaranteed same-day delivery for vapes and cannabis accessories on orders placed before 2pm.

“Our decision to launch our same-day delivery service in the GTA is a clear example of our customer-centric approach. We are committed to providing our customers with the highest quality products and the most convenient and personalized service available, “said Dan Pelchovitz, President and CEO of Spyder Cannabis. “We believe that our same-day delivery service will give Spyder a significant competitive advantage in the vapes and cannabis accessory market. We hope to expand the same-day delivery service to other major Canadian centers in the near future,” added Dan.

About Spyder Cannabis

Founded in 2014 Spyder is an established chain of three high-end vape stores, and two cannabis accessory stores, in Ontario, with locations in Woodbridge, Scarborough, Burlington, Pickering and Niagara Falls. The Spyder brand is defined by its high-quality proprietary line of e-juice, liquids and exclusive retail deals, dispensed in uniquely designed stores creating the optimal customer experience. Spyder is building off this leading retail, distribution and branding eCig and vapes company and is pursuing expansion into the legal cannabis and hemp derived market. Spyder has developed a scalable retail model with plans to create a significant footprint with targeted and disciplined retail distribution strategy focusing on Canadian retail and U.S. boutique retail and kiosks in high traffic peripheral areas

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:

For more information, please contact:

Spyder Cannabis Inc.
Dan Pelchovitz
President & Chief Executive Officer
Contact: Investor Relations
Phone: 1-888-504-SPDR (1-888-504-7737)
Email: [email protected]

Bullseye Corporate
Crystal Quast
Bullseye Corporate
[email protected]

Cautionary Statements

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

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

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. Any number 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/46905

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Empower Clinics $CBDT.ca Reports 2Q 2019 Results Highlighted by an 89% increase in clinic revenues and a 37% decrease in operating expenses compared to 2Q 2018 $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $OGI.ca

Posted by AGORACOM-JC at 7:30 AM on Wednesday, August 14th, 2019

Highlights:

  • 4,299 patient visits generated revenue of $591,024, compared to 2,187 patient visits that generated $312,485 for Q2 2018.
  • Strategic redirection: The Company has been re-positioning its overall strategy to become a vertically integrated health and wellness brand that connects to its 165,000 patients using a data driven focus to improve patients’ lives with products, technology and health systems.

VANCOUVER, Aug. 14, 2019 – EMPOWER CLINICS INC. (CSE: CBDT) (Frankfurt 8EC) (OTC: EPWCF) (“Empower” or the “Company“), a vertically integrated and growth-oriented CBD life sciences company, and a multi-state operator of medical health & wellness clinics in the U.S., has filed today its unaudited interim condensed consolidated financial statements for the three and six months ended June 30th, 2019 and related management’s discussion and analysis, both of which are available at www.SEDAR.com. All financial information in this press release is reported in United States dollars, unless otherwise indicated.

“The impact of cost cutting measures and the benefit of the Sun Valley acquisition are now showing up in the financial statements of the Company” said Steven McAuley, Empower’s Chairman & CEO. “Even though we can only book two months of Sun Valley’s performance in 2Q, the significance is notable, and we expect continued benefits going forward, especially with the new retail product strategy in-clinics and with the franchise program.”

Q2 2019 Highlights

  • 4,299 patient visits generated revenue of $591,024, compared to 2,187 patient visits that generated $312,485 for Q2 2018.

  • Net loss of $1,456,505, compared to $3,915,443 for Q2 2018, which was primarily driven by significantly reducing operating costs through aggressive headcount cuts, facility changes and lower stock-based compensation expense.

  • Cash used in operating activities was $1,331,950 for YTD 2019, compared to $2,358,949 for YTD 2018.

  • Cash at June 30, 2019 of $817,168, compared to $157,668 at December 31, 2018, which was primarily driven by equity financings during the six months ended June 30, 2019.

Recent Highlights

  • Strategic redirection: The Company has been re-positioning its overall strategy to become a vertically integrated health and wellness brand that connects to its 165,000 patients using a data driven focus to improve patients’ lives with products, technology and health systems.

  • Strengthened Management Team: In January 2019, seasoned entrepreneur and executive officer and former GE Capital Managing Director Steven McAuley was appointed as Empower’s Chairman & CEO. The Empower management team has since been augmented with critical hires made from the ranks of investment banking, accounting, marketing and clinic operations among other disciplines. CFO Mat Lee, appointed on March 19, 2019, is an experienced accounting and finance executive. To further support financial and accounting restructuring, the Company engaged the services of Invictus Accounting Group, a top-tier boutique advisory firm based in Vancouver, BC.

  • Experienced and Seasoned Board of Directors: The Company Board of Directors includes its CEO Steven McAuley, Dustin Klein, the Co-Founder of Sun Valley Clinics and the SVP, Business Development and Andrejs Bunkse, owner and practicing attorney of Rain Legal and Counsel to numerous cannabis enterprises in the U.S. and Canada.

  • Strategic Acquisition: On May 1, 2019, the Company completed the acquisition of Sun Valley Certification Clinics Holdings LLC (“Sun Valley”) from Andrea Klein and Dustin Klein and two minority shareholders, through its wholly-owned subsidiary Empower Healthcare Assets Inc., for consideration having an aggregate value of $3,960,000. Sun Valley operates a network of professional medical cannabis and pain management practices, with five clinics in Arizona, one clinic in Las Vegas, a tele-medicine platform serving California, and a fully developed franchise business model for domestic and international markets.

  • Strategic Development: The Company has opened its first hemp-derived CBD extraction facility in greater Portland, Oregon with the first extraction system expected to have the capacity to produce 6,000 kg of extracted product per year. The Company took possession of the new extraction facility June 1st, 2019 and has recently been awarded it’s hemp-handlers licence from the Oregon Department of Agriculture, allowing the Company to enter the next phase of build-out and full operations in 2019.

2019 Outlook and Catalysts

  • Enhanced Corporate Governance: The Company has prioritized corporate governance practices under the leadership of its Board of Directors and Chairman Steven McAuley, to ensure financial and accounting controls operate at the highest of standards.

  • Improved Capital Markets Profile: Empower is diversifying its business model to become a vertically integrated operator in the global cannabis sector with a focus on patient care, CBD product distribution, research & development and CBD product extraction. The Company believes this will appeal to a broader base of shareholders and investors and provide greater access to capital and improved trading liquidity.

  • Increased Patient Access: With a rapidly expanding company-owned clinic network and significant expansion opportunity through the Sun Valley Health franchise model, Empower anticipates it will grow its total patient list substantially in the years ahead. This is expected to provide greater opportunity for treatment analysis using artificial intelligence (AI), through progressive initiatives that include adding the Endocanna DNA test kit to the Company product & service offering in clinics and online. Ensuring the Company is a leader in understanding the efficacy of cannabis-related treatment options is an imperative.

  • Focus on CBD Product Sales: The Company has launched its online store to sell its lines of hemp-derived CBD based products and premium health & wellness supplements. Customers can purchase products, including CBD lotions, tinctures, spectrum oils, capsules, lozenges, patches, e-drinks, topical lotions, gel caps, hemp extract drops and pet-elixir hemp extract drops. Patients and customers will be able to access Sun Valley Health customer service, home delivery and e-commerce platforms.

  • Market Leading Technology: Empower utilizes market-leading patient electronic management and POS system that is HIPAA compliant and provides deep insight to patient care. The Company supports remote patients using its tele-medicine portal, enabling patients who do not live near one of its clinic locations, or are disabled or unable to come to a location, to still benefit from a doctor consultation.

  • Launches Nationwide Franchise: The Company has launched its nationwide franchise program under the Sun Valley Health brand to dramatically grow our clinic & store footprint increasing direct access to patients and to sell hemp-derived CBD products and premium wellness products directly to our customers and online at our new e-commerce store at www.sunvalleyhealth.com

  • Opens CBD Extraction Facility: The Company has opened its first hemp-derived CBD extraction facility near Portland, OR in a region that is surrounded by numerous licensed hemp farms, that has the potential to produce 6,000kg of extraction distillate or isolate to serve the Company’s own CBD product lines and other third party processing contracts.

Financial Summary

$, except where noted Three months ended June 30, Six months ended June 30,
  2019 2018 2019 2018
Patient visits 4,299 2,187 5,497 4,429
Clinic Revenues 591,024 312,485 743,869 614,627
Direct Clinic Expenses (82,750) (107,271) (122,163) (212,436)
Loss from operations (1,424,070) (2,703,891) (1,703,379) (3,311,426)
Net loss (1,456,505) (3,915,443) (1,855,047) (3,754,191)
Net loss per share (0.01) (0.06) (0.02) (0.08)

Financial Performance

Clinic revenues for Q2 2019 were $591,024, compared to Q2 2018 revenues of $312,485. This increase over the prior year is attributable to the acquisition of Sun Valley Clinics effective May 1, 2019, and includes two months of accretive revenue. Future results will include a full three months of results of Sun Valley in quarters going forward.

Direct clinic expenses for Q2 2019 were $82,750, compared to Q2 2018 direct clinic expenses of $107,271. These expenses declined despite the increase in revenues due to improved operational controls to align labor cost with direct patient consultations. The Company employs a diverse mix of physicians and practitioners.

Net loss from operations for Q2 2019 was $1,424,070, compared to Q2 2018 net loss of $2,703,891. This decrease in loss below prior year is primarily attributable to two factors. Operating expense decreased due to a decrease in salaries and benefits as a result of aggressive headcount cuts and facility changes. Additionally, share-based payments decreased due to timing of share-based awards to management.

Net loss for Q2 2019 was $1,456,505, respectively, compared to Q2 2018 net loss of $3,915,443. This decrease over prior year is primarily attributable to the decrease in operating expenses and share-based compensation expense. In addition, Q2 2018 included listing fees associated with the RTO.

During Q2 2019, the Company used $1,331,950 in cash from operations after changes in non-cash working capital. The Company invested $543,573 for the acquisition of Sun Valley Clinics and raised $2,576,907 via proceeds from various issuances of shares, convertible debentures and notes.

Please refer to the Company’s unaudited condensed interim consolidated financial statements, related notes and accompanying management discussion and analysis for a full review of the operations.

ABOUT EMPOWER

Empower is a vertically integrated and growth-oriented CBD life sciences company, and a multi-state operator of medical health & wellness clinics, operating the Sun Valley Health clinic brand www.sunvalleyhealth.com, for its nine corporate locations and for franchises in the United States. As a CBD product manufacturer under the Sollievo brand, the Company distributes its lines through clinics, online and through retail partners. Extraction operations are currently being developed in the Company’s new extraction facility in Oregon.

ON BEHALF OF THE BOARD OF DIRECTORS:

Steven McAuley
Chief Executive Officer

DISCLAIMER FOR FORWARD-LOOKING STATEMENTS

This news release contains certain “forward-looking statements” or “forward-looking information” (collectively “forward looking statements”) within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Forward-looking statements can frequently be identified by words such as “plans”, “continues”, “expects”, “projects”, “intends”, “believes”, “anticipates”, “estimates”, “may”, “will”, “potential”, “proposed” and other similar words, or information that certain events or conditions “may” or “will” occur. Forward-looking statements in this news release include statements regarding; the Company’s intention to open a hemp-based CBD extraction facility, the expected benefits to the Company and its shareholders as a result of the proposed acquisitions and partnerships; the terms of the proposed acquisitions and partnerships; the effectiveness of the extraction technology; the expected benefits for Empower’s patient base and customers; the benefits of CBD based products; the effect of the approval of the Farm Bill; the growth of the Company’s patient list and that the Company will be positioned to be a market-leading service provider for complex patient requirements in 2019 and beyond. Such statements are only projections, are based on assumptions known to management at this time, and are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements, including; that the Company may not open a hemp-based CBD extraction facility; that the hemp-based CBD extraction facility may not be fully operational in 2019 if at all; that legislative changes may have an adverse effect on the Company’s business and product development; that the Company may not be able to obtain adequate financing to pursue its business plan; general business, economic, competitive, political and social uncertainties; failure to obtain any necessary approvals in connection with the proposed acquisitions and partnerships; and other factors beyond the Company’s control. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are cautioned not to place undue reliance on the forward-looking statements in this release, which are qualified in their entirety by these cautionary statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements in this release, whether as a result of new information, future events or otherwise, except as expressly required by applicable laws.

SOURCE Empower Clinics Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2019/14/c3330.html

CONTACTS: Investors: Steve Low, Boom Capital Markets, [email protected], 647-620-5101; Investors: Steven McAuley, CEO, [email protected], 604-789-2146; For French inquiries: Remy Scalabrini, Maricom Inc., E: [email protected], T: (888) 585-MARICopyright CNW Group 2019

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Posted in All Recent Posts, Empower Clinics Inc. | Comments Off on Empower Clinics $CBDT.ca Reports 2Q 2019 Results Highlighted by an 89% increase in clinic revenues and a 37% decrease in operating expenses compared to 2Q 2018 $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $OGI.ca

Bougainville Ventures Inc $BOG.ca – As demand for #CBD explodes, US farmers are seeing dollar signs $CROP.ca $VP.ca NF.ca $MCOA

Posted by AGORACOM-JC at 5:44 PM on Tuesday, August 13th, 2019
SPONSOR:  Bougainville Ventures Inc (CSE: BOG) provides strategic capital to the thriving cannabis cultivation sector through ownership and development of commercial real estate properties. The company also offers fully built out turnkey facilities equipped with state-of-the-art growing infrastructure to cannabis growers and processors. Click here for more info.
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As demand for CBD explodes, US farmers are seeing dollar signs

  • According to new data from the US Department of Agriculture (USDA), US farmers more than quadrupled the land planted with hemp in the past year, from 27,424 acres in August 2018 to 128,320 acres today.
  • In addition to the booming demand for CBD, hemp farmers were likely encouraged by the 2018 Farm Bill, which removed industrial hemp—defined as hemp plants with less than 0.3% THC by dry weight—and its extracts from Schedule I of the Controlled Substances Act

You may have noticed that CBD—the non-intoxicating cannabis-derived chemical compound—can now be found in drugstores, cafés, pet stores, bars, spas, and all over the internet. Farmers have also noticed, and are planting hemp to supply the rapidly expanding industry.

According to new data from the US Department of Agriculture (USDA), US farmers more than quadrupled the land planted with hemp in the past year, from 27,424 acres in August 2018 to 128,320 acres today.

In addition to the booming demand for CBD, hemp farmers were likely encouraged by the 2018 Farm Bill, which removed industrial hemp—defined as hemp plants with less than 0.3% THC by dry weight—and its extracts from Schedule I of the Controlled Substances Act, where it might have been interpreted as marijuana, which the US Drug Enforcement Administration states has “no currently accepted medical use and a high potential for abuse” (despite evidence to the contrary).

While hemp is far from the only crop appearing on more acres this year, it’s clearly smoking the competition.

“There are a lot of things you can do on a farm, but there aren’t a lot of things you can do to make money,” Will Brownlow, a Kentucky farmer who had recently started growing hemp, told Quartz in 2018. He said an acre of soybeans could only get him about $500, but an acre of hemp—dense with flowers rich in CBD—could yield as much as $30,000. What’s more, he said, it was relatively easy to cultivate.

“The plant is a weed,” Brownlow said. “And it likes to grow.”

Source: https://qz.com/1686276/how-much-hemp-is-grown-in-the-us/

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ThreeD Capital Inc. $IDK.ca – #Blockchain Investment Soars In H1 2019: A Look At Trends #Bitcoin #Cryto $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 2:11 PM on Tuesday, August 13th, 2019

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

IDK: CSE

Blockchain Investment Soars In H1 2019: A Look At Trends

  • Blockchain Investment Trends Research by TeqAtlas includes analysis of 2.5k active blockchain companies that were funded by 1.8k blockchain investors in 2.5k funding rounds through both – conventional and alternative instruments.

by Jacob Wolinsky

While VC activity surpasses Dot-Com era in the U.S., Chinese tech companies valuations are higher than any time in recent memory, and SoftBank raised another multi-billion dollar fund, the state of the blockchain investment market shows indications of maturity and saturation. Although most blockchain companies are newbies into the market, they still present an attractive investment potential.

The Blockchain Investment Trends Research by TeqAtlas includes analysis of 2.5k active blockchain companies that were funded by 1.8k blockchain investors in 2.5k funding rounds through both – conventional and alternative instruments. TeqAtlads takes a comprehensive view of the unique trends that define blockchain investment market to understand the investor expectations

Q2 hedge fund letters, conference, scoops etc

Investors Continue To View Blockchain A High Return Investment

In the first half of 2019, total capital investment into blockchain companies has been the opposite of what we saw in the previous year, which saw a dramatic rise in the amount of capital investment. The previous year saw a record-breaking $15.2 billion investment in TGEs (token generation events) and $5.1 billion in conventional equity funding. In contrast, approx. $2 billion in TGE capital were raised in the first half of this year. The upward trend is losing steam in the first half of 2019, after four years of positive growth.

The research still reports a positive, upward trend in terms of venture capital (VC) injected into blockchain companies. Conventional equity rounds have accumulated $1.2 billion in the first 6 months of 2019, as compared to $1.3 billion for all of 2017.

How Did Blockchain Companies Fare In Deal Activity?

Throughout the research, 2018 continued to remain the benchmark for blockchain companies. The height set during the blockchain boom is hard to replicate as the effects of the dramatic fall in value still affect the industry.

In terms of deals, the grand total of investment rounds in the blockchain industry in the first half of 2019 was 268.

For comparison, blockchain companies attracted 910 deals in 2018 and 478 deals in 2017. At the same pace, 2019 might just oust 2017 in terms of blockchain deal activity.

Surprisingly enough, if you add private equity into the equation, the total number of conventional funding rounds almost equal the growth numbers in 2018.

A breakdown of all the blockchain investment funds also reveals that TGEs were more successful in raising money than Venture Capital rounds – with the former amassing 26% more on average.

There Is Increasing Interest In Alternative Funding Techniques

Research into completed deals in 2019 shows an emerging trend; investors are increasingly experimenting with alternative funding methods. In fact, a majority (56%) of all closed deals in these six months were secured through TGEs.

Venture capital deals of early-stage funding ensure that traditional investment comes in second with a 34% share. Early-stage VC rounds form the major part of conventional funding rounds in terms of the total capital invested in active Blockchain companies with a 34% share in 1H 2019. If you add in angel seed rounds, this share increases by another 7%.

Equity Funding Has Decreased as compared to 2018

If you analyze the investment pattern from 2014 to the first half of 2019, you are likely to notice that Early-stage VC rounds come out on top for most blockchain investment by stages, with blockchain investments in this stage exceeding $2 billion.

Later Stage Venture Capital Investment Is On The Rise

Later stage venture capital rounds have become increasingly popular, which means that major players, such as institutional investors, became interested in this market. The total amount raised by later-stage blockchain companies backed by venture capital was $289 million in 2018 only. To compare, the median round amount of the later-stage IT companies amounted to $11.5 million in 2018, according to Statista.

The TGE Hype Is Fading Away

TeqAtlas analyzed TGE investment data for 18 months ending in June 2019 to consider how many investors participate through TGE.

The findings state that – despite minor spikes – the overall trend and interest in token generation events remain on an all-time low. Blockchain investors tread carefully when it comes to investing in TGEs, with only 153 deals to show for the six months of 2019.

Blockchain regulations surrounding TGEs, coupled with the dismal investment numbers, has led us to predict that they are nowhere near becoming the principal funding method in the blockchain industry.

64% Of Startups Don’t Meet Their Hard Cap

Another challenge identified in the research was that startups, due to being new and relatively inexperienced, often fail to predict their hard cap amounts accurately.

A mere 36% of startups manage to meet their hard caps during the token generation event, with the rest failing to do so. Nevertheless, 2019 has been a slightly better year for startups; the percentage of startups that didn’t meet their hard cap dropped 13 points as compared to the previous year.

What Are The Biggest Deals since the Blockchain inception?

When comparing the different types of fundraising, the general trend is that TGE usually outperforms conventional VC funding by the capital raised. The biggest TGE was held by EOS.IO and led to an enormous fundraising amount of $4.2 billion. When compared to the biggest VC deal, EOS.IO’s amount is approximately 220% higher.

The biggest VC-backed company by funding value is Bitmain that has raised $400 million being valued at $12 billion in a Series B round. Another blockchain company Bakkt, owned by Intercontinental Exchange (ICE), secured $182.5 million for their project which will enable them to build the global digital assets platform and bitcoin futures product.

Which TGE Type Extracts The Greatest ROI?

The research analyzed the return on several different TGE investments, and the results showed a clear winner – blockchain infrastructure developers.

Amongst investors who enjoyed the best returns, many had funded blockchain platforms, IoT Infrastructure providers and interoperability blockchain developers such as Ethereum, IOTA and Cosmos Network, respectively.

DCG Dominates The Number Of Deals

The research outlined that more than 800 venture capital firms are already capitalizing on blockchain adoption.

Still, no one comes close to the Digital Currency Group, which is comfortably placed at #1 with 131 deals to date. In fact, the second and third-placed competitors combined have 109 completed deals.

Unsurprisingly, 80% of the top 10 active blockchain investors reside in the USA.

Most Active Investors industry focus is FinTech

Considering the security and encryption prowess of the technology, it comes as no surprise that a majority of blockchain technology investment is concentrated in the financial sector. In fact, FinTech has 114 more deals completed than the second-best sector, blockchain infrastructure.

Not only does FinTech boast the highest number of completed deals (150), but investors have poured in huge amounts in such blockchain startups. This proves that investors truly believe in the potential of blockchain, especially in the field of FinTech.

Angel/Seed Rounds Are The Investors Favorite

While reviewing the biggest active blockchain investors, an interesting trend was identified; most of them fill their portfolios in the first round of funding – the Angel round. While alternate funding methods might be gaining hype, conventional funding instruments prevail in the portfolios of the most active investors.

IEO – The ICO Replacement?

ICOs were riddled with problems by the end of 2018, partially due to fraud that hindered investor trust in blockchain as a whole.

Now, there is a new way to offer coins and this method involves crypto exchanges in the offering process. This involves the exchange becoming a core member – essentially, the exchange offers the coins to their existing consumer base rather than the company offering it to the public.

This allows exchanges to run background checks and verify developer legitimacy, substantially decreasing the risk of fraud. In the research, TeqAtlas came across all launchpads that have already conducted IEOs in the current year – or are planning to.

Source: https://www.valuewalk.com/2019/08/active-blockchain-companies-analysis-h1-2019/

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Posted in Bitcoin, Blockchain stocks, Smallcap Blockchain stocks, ThreeD, ThreeD Capital | Comments Off on ThreeD Capital Inc. $IDK.ca – #Blockchain Investment Soars In H1 2019: A Look At Trends #Bitcoin #Cryto $HIVE.ca $BLOC.ca $CODE.ca

INTERVIEW: Newly Listed Spyder #Cannabis $SPDR.ca Scores 5 US Retail Locations, With Possibility To Expand To 39, With US Outlet Partner $ACB $APH $CRON.ca $HEXO.ca $OGI.ca

Posted by AGORACOM-JC at 10:45 AM on Tuesday, August 13th, 2019

Spyder Cannabis (SPDR:TSXV) went public just a couple of months ago and hit the ground running with 5 operating Canadian retail locations – and a 6th one on the way via an 8,000 sq ft super store in Alberta.  
Most companies would be ecstatic to have this number of locations – but Spyder just announced a major move into the United States, with a 5 location deal for boutique stores up and down the US Eastern seaboard.  The news gets better.  If all goes well with these 5 locations, the US outlet partner has a total of 39 locations across 20 states for Spyder to grow into to.

Spyder Cannabis may have just gone public but they are making big moves into the highly coveted retail space for marijuana, CBD and Hemp products, including carrying their own brands within their stores.

Grab your favourite cold summer beverage and watch this interview with CEO, Dan Pelchovitz.

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Posted in AGORACOM Via Satellite, All Recent Posts, Featured, Spyder Cannabis Inc. | Comments Off on INTERVIEW: Newly Listed Spyder #Cannabis $SPDR.ca Scores 5 US Retail Locations, With Possibility To Expand To 39, With US Outlet Partner $ACB $APH $CRON.ca $HEXO.ca $OGI.ca

Enthusiast Gaming $EGLX.ca & #Luminosity Gaming Partner With #foodora Canada, a Leading Food Delivery Platform Operating in 10 Cities Across Canada $EGLX.ca $EPY.ca $FDM.ca $WINR $TCEHF $ATVI $TNA.ca

Posted by AGORACOM-JC at 9:15 AM on Tuesday, August 13th, 2019
  • Entered into a sponsorship agreement with foodora Canada to provide digital marketing strategies and Luminosity merchandise sponsorship opportunities
  • Enthusiast and Luminosity will launch a digital advertising campaign to complement foodora Canada’s overall advertising strategy
  • foodora Canada will also be a key merchandise sponsor for Luminosity, which includes placement of the foodora logo on the Luminosity team jerseys.

TORONTO, Aug. 13, 2019 – Enthusiast Gaming Holdings Inc. (TSXV: EGLX) (OTCQB: EGHIF), (“Enthusiast” or the “Company”), one of the largest vertically integrated video gaming media companies in North America, is pleased to announce that, in partnership with Luminosity Gaming (“Luminosity”), it has entered into a sponsorship agreement (the “Agreement”) with foodora Canada, to provide digital marketing strategies and Luminosity merchandise sponsorship opportunities.

foodora Canada is a leading on-demand food delivery platform operating in 10 cities, servicing more than 3,000 restaurants across Canada.  foodora is dedicated to bringing Canadian food lovers their favourite meals, from a curated list of local restaurants, delivered within 35 minutes. foodora is committed to lowering its carbon footprint by delivering predominantly via bike, and by implementing a cutlery opt-in feature. In Canada, foodora caters to all major cities, including: Toronto, Ottawa, Vancouver, Calgary, Edmonton, Montreal and more.

Under the Agreement, Enthusiast and Luminosity will launch a digital advertising campaign to complement foodora Canada’s overall advertising strategy. The Company will launch a social media contest to promote foodora across Canada. foodora Canada will also be a key merchandise sponsor for Luminosity, which includes placement of the foodora logo on the Luminosity team jerseys.

“As foodora continues to grow, evolve and innovate within the Canadian food delivery space, it’s important that we also continue to reach new customers who would find value in our services,” said Matt Rice, Head of Marketing at foodora Canada. “Partnering with Enthusiast and Luminosity allows us to tap into an existing mobile-first gaming community who are always searching for ways to be more efficient. It’s the perfect fit.”

Jon Dwyer, SVP & Head of Special Partnerships at Luminosity Gaming, commented, “The partnership with foodora Canada proves our ability to successfully integrate our operations thus far, and I am proud of both Enthusiast and Luminosity for the collaborative effort to develop a successful, custom marketing campaign.” He continued, “It’s exciting for us to see non-endemic gaming brands like foodora Canada utilizing our platform to reach the combined network of 200 million gamers, and one of the most sought after demographics.”

About Enthusiast Gaming

Enthusiast Gaming is one of the largest vertically integrated video game companies and has the fastest-growing online community of video gamers. Through the Company’s organic and acquisition strategy, it has amassed a platform of over 150 million monthly visitors across its network of websites and YouTube channels. Enthusiast also owns and operates Canada’s largest gaming expo, Enthusiast Gaming Live Expo, EGLX, (eglx.ca) with approximately 55,000 people attending in 2018. For more information on the Company, visit www.enthusiastgaming.com.

About Luminosity Gaming

Luminosity Gaming is one of the largest globally recognized esports organizations in the world, with over 60 million registered active users. Luminosity has 8 world class esports teams competing across top games such as Fortnite, Apex, Rainbow Six: Seige, Counter Strike, Call of Duty, Madden, Smite, etc. for more information visit www.luminosity.gg

About foodora Canada

foodora is dedicated to bringing Canadian food lovers their favourite meals from a curated list of local restaurants. Since 2015, the on-demand food delivery service has grown to more than 3,000 partner restaurants in 10 cities across Canada. Belonging to Delivery Hero, a worldwide leader of the food delivery industry, foodora is a sustainably focused company that strives to reduce its carbon footprint through its use of bikes and its commitment to reducing single-use plastic. For more information, visit http://www.foodora.ca.

CONTACT INFORMATION:

Investor Relations: 
Julia Becker
Head of Investor Relations & Marketing
[email protected]
(604) 785.0850 

This news release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments, performance or achievements that Enthusiast anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking information. Such information may involve, but is not limited to, comments with respect to strategies, expectations, planned operations and future actions of the Company. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of Enthusiast to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to Enthusiast, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs regarding future growth, results of operations, future capital (including the amount, nature and sources of funding thereof) and expenditures. Any and all forward-looking information contained in this press release is expressly qualified by this cautionary statement. Trading in the securities of the Company should be considered highly speculative.

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.

The securities of the Corporation have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f898501c-2f99-4e90-85d9-e2a1106d607f

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Posted in Enthusiast Gaming Holdings Inc. | Comments Off on Enthusiast Gaming $EGLX.ca & #Luminosity Gaming Partner With #foodora Canada, a Leading Food Delivery Platform Operating in 10 Cities Across Canada $EGLX.ca $EPY.ca $FDM.ca $WINR $TCEHF $ATVI $TNA.ca

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