Posted by AGORACOM-JC
at 12:32 PM on Thursday, June 13th, 2019
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Milken-Backed Immortals Makes Esports’ First $100 Million Deal
They acquired Infinite Esports from Texas Rangers co-owners
The resulting company becomes competitor in four major esports
Immortals Gaming Club, an esports business backed by Meg Whitman and
the family of Michael Milken among others, acquired Infinite Esports
from two of the owners of the Texas Rangers baseball team, marking what
the buyers said is the industry’s first $100 million deal.
The transaction merges Los Angeles-based Immortals, best known for
its Valiant team in the Overwatch League, with the parent of OpTic
Gaming, one of the more prominent teams in the League of Legends
Championship Series. Its fans are known as the Greenwall.
“We expect there’s going to be general consolidation in the
industry,†Immortals Chief Executive Officer Ari Segal said an
interview. “This is the first wave of that.â€
Milken-Backed Immortals CEO on Esports’ $100 Million Deal
Immortals Gaming Club CEO Ari Segal speaks to Bloomberg’s Chris Palmeri at E3 in Los Angeles.
(Source: Bloomberg)
The valuation includes the purchase price, debt and other
liabilities, including franchise fees still owed to the leagues. The
Immortals’ lineup of games will also include Call of Duty, which is
launching a new league, and Counter-Strike: Global Offensive, meaning
the company now competes in four major esports.
Based on the equity consideration in the transaction, Infinite
stockholders collectively become the largest shareholder of Immortals
Gaming Club, according to a spokesman, with AEG continuing to hold the
biggest single stake. Neil Leibman and Ray Davis, co-owners of the Texas
Rangers, will become shareholders in Immortals as part of the deal.
Growing Business
Esports, where fans watch professional video-game players compete
online and in arenas, is among the fastest-growing businesses in
entertainment, attracting big money investors from the world of media
and sports. Last week, the owners of the Philadelphia 76ers and the New
Jersey Devils bought a majority stake in Clutch Gaming, a professional team owned by the Houston Rockets.
The deal marks a return to League of Legends competition for
Immortals, which was co-founded in 2015 by Noah Whinston, a college
dropout and esports enthusiast. Immortals operated a team, but failed to
get a franchise in the League of Legends Championship Series when
parent Riot Games offered them two years ago. They plan to sell the
Houston Outlaws franchise in the Overwatch League.
Immortals raised $30 million in a follow-on offering last month. The
overall business is now valued at $250 million, according to a person
familiar with the terms who wasn’t authorized to speak publicly.
Posted by AGORACOM-JC
at 8:41 AM on Thursday, June 13th, 2019
Further to the Israeli sponsorship research agreement announced in the Company’s news release dated May 14, 2019, management is pleased to announce that it has paid a 10% deposit to ESEV R&D to begin the formulations process on the water soluble cannabis-based (CBD) supplement energy drink
The final report will include; clinical trials results, sourcing of ingredients, PH balance, nutritional chart, shelf-life, as well as cost of ingredients and contacts.
VANCOUVER, British Columbia, June 13, 2019 – BOUGAINVILLE VENTURES INC. (“Bougainville” or the “Company”) (CSE:BOG) (Frankfurt:8BV)Further to the Israeli sponsorship research agreement announced in the Company’s news release dated May 14, 2019, management is pleased to announce that it has paid a 10% deposit to ESEV R&D to begin the formulations process on the water soluble cannabis-based (CBD) supplement energy drink. The final report will include; clinical trials results, sourcing of ingredients, PH balance, nutritional chart, shelf-life, as well as cost of ingredients and contacts.
Andy Jagpal, President, Comments:“We
have already begun sourcing a local bottling company to handle the
production and processing of the CBD energy drink once the formulations
are ready. We are adamant about bringing the energy drink formulation to
market and feel we have developed the right relationships to get the
job done right.â€
WORMCASTING TRANSACTION FINANCING UPDATE
Further to the Company news release dated June 11, 2019, management
is pleased to announce that it has paid-off the final outstanding
payment of USD$120,000 owed to Worm Castings Farms Inc. pursuant to
Bougainville’s obligation under the Worm Castings Share Exchange
Agreement.
OROVILLE CAMPUS UPDATE
Further to the Company news release dated April 1, 2019, management
would like to announce that the tenant grower is waiting to receive
final occupancy approval from the Washington State Liquor and Cannabis
Board (“WSLCBâ€) to begin planting. The tenant expects a visit to the
site by the WSLC in the near future and is planning to plant a 20,000
sq. ft. out-door crop.
In addition, the Company wishes to correct an error in its news
release dated May 1, 2019 in which the Company announced that a private
placement with gross proceeds of $190,000 for 3,166,666 Units at a price
of $0.06 per Unit (the “Private Placementâ€) had closed. The Private
Placement was oversubscribed for 3,316,666. The remainder of the news
release dated May 1, 2019 is accurate and the oversubscribed Private
Placement was closed on May 1, 2019 with the amount of $199,000 for
3,316,666 Units
About Bougainville Ventures, Inc. Bougainville
Ventures Inc. is dedicated to rapid growth in production, processing,
retail and branding of cannabis and cannabis related products. Currently
the company provides strategic capital to the thriving cannabis
cultivation sector through ownership and development of commercial real
estate properties. We offer fully built out turnkey facilities equipped
with state-of-the-art growing infrastructure to cannabis growers and
processors. Also, the Company is focused on building a strong presence
in the hemp industry with the objective of extracting cannabinoids (CBD
& CBN) in both Canada and the United States. With our flagship Hemp
project in Oregon State the Company has proprietary, patent-pending hemp
root oil extraction technology and formulas for cannabis topicals and
tinctures.
http://bougainvilleinc.com/
On behalf of the Board of Directors BOUGAINVILLE VENTURES INC.
Andy Jagpal, CEO and Director
For further information, please contact Andy Jagpal at [email protected] or 1-888-395-7816
FORWARD LOOKING STATEMENTS: This news release contains certain
forward-looking statements within the meaning of Canadian securities
laws. Forward-looking statements are based on the expectations and
opinions of the Company’s management on the date the statements are
made. The assumptions used in the preparation of such statements,
although considered reasonable at the time of preparation, may prove to
be imprecise and, as such, undue reliance should not be placed on
forward-looking statements. The Company 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.
No regulatory authority has approved or disapproved the information contained in this news release.
Posted by AGORACOM-JC
at 8:39 AM on Thursday, June 13th, 2019
Announced that on the heels of a recent trip to India in May 2019, entered a working relationship with another corporate client; McDonald’s India
betterU is already engaged in the development of the first job specific skills program and upon successful completion and approval by McDonald’s India, opportunities will grow to support their national employee base.
OTTAWA, June 13, 2019 – betterU Education Corp. TSXV-BTRU, (the “Company” or “betterU”) is pleased to announce that on the heels of a recent trip to India in May 2019, have entered a working relationship with another corporate client; McDonald’s India. betterU is already engaged in the development of the first job specific skills program and upon successful completion and approval by McDonald’s India, opportunities will grow to support their national employee base. The scope of proposed work includes online course development, instructor-led training as well as blended online programs.
After meeting with many prospective corporates and strategic partners
in Mumbai, Bangalore and Delhi, betterU received a significant level of
interest for proposals and next steps from groups such as Clove Dental,
Evry, Unibic Cookies, Shine.com, Padmini Engineering, Hindustan Times,
NSDC and the Aerospace Sector Skill Counsel. Having recently finalized
the partnership deal with NSDC, which was announced earlier this week,
betterU has also completed five training and development proposals and
has high hopes of closing more corporate partnership agreements in the
upcoming weeks. “From the onset of our shift in focus to support
corporates, it has become clearer that the Indian corporate market is
primed for massive growth in online learning. According to a report by
Google and KMPG, the online education market will reach $1.9 billion by
2021. With over 700 corporates in our database, representing only a
fraction of the market, we have a lot of work ahead of us and if this
last trip is any indication of the opportunity, we are going to be busy!
It has been exciting to see the level of interest and we look forward
to what will come,†said Sameer Vatsa, Head of India betterU.
That challenges that most corporates face is that they are required
to source and manage multiple education providers, content developers,
and service providers in order to address the totality of their training
needs. It can become difficult to manage multiple vendors that, in most
cases, also use different technologies in the management and delivery
of their solutions. With betterU, corporates can gain access to the
breadth and depth of skilling programs across all categories such as
technology, soft skills, leadership, finance, sales and even job
specific programs. betterU can help the Learning and Development heads
of corporations by framing out the right solutions for them while
leveraging the best of the best educators from around the world to meet
their skilling needs. Employers can then focus on their employees,
rather than the challenges faced with sourcing and managing the learning
complexities.
betterU can provide access to the world’s leading off-the-shelf
programs, customized to meet a corporate’s needs, which also includes
custom content development services and instructor-led delivery options.
About betterU
betterU, a global education to employment platform, aims to provide
access to quality education from around the world to foster growth and
opportunity to those who want to better their lives. The company plans
to bridge the prevailing gap in the education and job industry and
enhance the lives of its prospective learners by developing an
integrated education to employment ecosystem. betterU’s offerings can be
categorized into several broad functions: to compliment school programs
with flexible preschool, KG-12 programs preparing children for next
stage of education, to provide access to global and localized
educational programs from leading educators, to foster an exceptional
educational environment by providing befitting skills that lead to a
better career, to bridge the gap between one’s existing education and
prospective job requirement by training them and lastly, to connect the
end user to various job opportunities. betterU today has partnered with
over 75 global educators, representing access to over 53,000 programs.
It is developing technology and ongoing more partners required to
support the growing education needs of the world.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
This press release may contain forward-looking statements and
information, which may involve risks and uncertainties. The results or
events predicted in these statements may differ materially from actual
results or events. Factors that might cause a difference include, but
are not limited to, competitive developments, risks associated with
betterU’s growth, the state of the financial markets, regulatory risks
and other factors. There can be no assurance or guarantees that any
statements of forward-looking information contained in this release will
prove to be accurate. Actual results and future events could differ
materially from those anticipated in such statements. These and all
subsequent written and oral statements containing forward-looking
information are based on the estimates and opinions of management on the
dates they are made and expressly qualified in their entirety by this
notice. Unless otherwise required by applicable securities laws, betterU
disclaims any intention or obligation to update or revise any
forward-looking statements, whether because of new information, future
events or otherwise. Readers should not place undue reliance on any
statements of forward-looking information that speak only as of the date
of this release. Further information on betterU’s public filings,
including their most recent audited consolidated financial statements,
are available at www.sedar.com.
Posted by AGORACOM-JC
at 7:12 AM on Thursday, June 13th, 2019
Company continues to reach a number of important milestones on its path forward, as a global health and wellness company, serving the needs of patients through its network of physician-staffed health and pain management clinics, formulating CBD based products and developing its first CBD extraction facility
VANCOUVER, June 13, 2019 – EMPOWER CLINICS INC. (CSE: CBDT) (Frankfurt 8EC) (“Empower” or the “Company“), a vertically integrated and growth-oriented CBD life sciences company, and a multi-state operator of medical health & wellness clinics, is pleased to provide an update on recent corporate activities and Director changes.
The Company continues to reach a number of important milestones on
its path forward, as a global health and wellness company, serving the
needs of patients through its network of physician-staffed health and
pain management clinics, formulating CBD based products and developing
its first CBD extraction facility.
HIGHLIGHTS
Takes Possession of CBD Extraction Facility As previously announced, the Company has taken possession of its new facility in greater Portland, Oregon
that will be home to a fully functioning hemp-based CBD extraction
facility, with the first extraction system expected to have the capacity
to produce 6,000 kilograms of extracted product per year. The facility
is expected to provide Empower with vertical integration into the CBD
supply chain, producing isolates, distillates and winterized oil that
are showing strong demand in local and national markets. The Company has
commenced preliminary build-out starting with IT and technology
implementations plus security system installations.
Engages Leading Architect Firm Empower has engaged Pathangay Architects www.pathangayarchitects.com of Phoenix, AZ
lead by Navin Pathangay as the lead architect firm for the build-out of
the first company extraction facility. Navin Architects are one of the
leading Cannabis industry architects having worked on numerous industry
projects including dispensaries, medical clinics, grow operations and
extraction facilities.
Integration of Sun Valley Clinics The Sun Valley
Clinics acquisition is providing productivity gains and in-market
expertise that is accretive to our clinic division. Official operational
integration is fully underway, with the best practices of Sun Valley and Empower are coming together to create world-class clinic operations. The operations team at Sun Valley
has assumed key administrative tasks on behalf of the Empower network
of clinics including bookkeeping, human resources, payroll and
day-to-day accounts payable and accounts receivable tasks.
We expect to drive further productivity by eliminating duplicate
and/or redundant information technology systems and by brining campaign
marketing programs such as text messaging, email and call center
functions under the Sun Valley operations, to improve effectiveness and reduce costs.
The current Sun Valley clinic locations are as follows:
4218 W Dunlap Ave, Phoenix, AZ 12801 W Bell Rd #145, Surprise, AZ 4015 E Bell Rd #130, Phoenix, AZ 2011 E University Dr, Mesa, AZ 7074 E Speedway Blvd, Tucson, AZ 2550 S Rainbow Blvd, Las Vegas, NV
Launches CBD Tincture Product Line Empower has
commenced selling its proprietary line of CBD-based products called
SOLLIEVO, through its network of company-owned clinics in the United States. The Sollievo tincture line includes four (4) preliminary SKU’s for chronic pain, insomnia, digestion and anxiety. Preliminary
user feedback has been positive and third party lab test results have
confirmed the ingredients and dosages of our proprietary formulations
are consistent with what is indicated on the labels and packaging.
Empower’s patient base and customers are expected to benefit from access
to high margin derivative products, including CBD lotion, tinctures,
spectrum oils, capsules, lozenges, patches, e-drinks, topical lotions,
gel caps, hemp extract drops and pet elixir hemp extract drops.
CBD Market Demand The passing in the United States of the US$867 billion Agriculture Improvement Act (the “Farm Bill“)
has legalized hemp and hemp-based products. This has created an
opportunity for the production and sale of a variety of CBD-based
products that can provide genuine help and effective relief to millions
of people suffering from a variety of qualifying conditions. Recent
reports and studies indicate the approval of the Farm Bill could create a
US$20 billion industry by 2022.
“With the closing of the Sun Valley Clinics acquisition behind us, we
are already seeing such positive impact with integration and the
development of our overall company culture,” said Steven McAuley,
CEO of Empower. “By adding the extra resources to our company, we have
much more capacity grow and execute on the various initiatives I have
announced previously.”
Appointment of New Board Member
The Company is also pleased to announce the appointment of Mr. Andrejs Bunkse as a Director of the company, effective as of May 26, 2019. Mr. Bunkse is a graduate of Syracuse University and holds a Juris Doctorate from Santa Clara University
School of Law. As the owner and practicing attorney of Rain Legal and
partner in Nimbus Legal, Andy brings industry specific expertise and
deep connections to major industry players plus the investment banking
and Family office community.
“We are so honored to have Andy Bunkse join our Board, to play an
active role in supporting our next phase of growth and development”,
said Steven McAuley, CEO of Empower. “His substantial
negotiating and deal structuring experience along with industry ties and
reputation, adds tremendous pedigree to our leadership team.”
The Company also announces the resignation of Peter McDonough as a Director effective May 24th, 2019. We would like to thank Peter for his contributions.
ABOUT EMPOWER
Empower is a leading multi-state operator of a network of
physician-staffed clinics focused on helping patients improve and
protect their health through innovative physician recommended treatment
options. Operating as a vertically-integrated health & wellness
brand with it’s first hemp-derived CBD extraction facility under
development, the Company can produce and package its proprietary line of
cannabidiol (CBD) based products and distribute through company owned
and franchised clinics, with wholesale partnerships, online and with
retailers nationwide.
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; access to Empower’s home delivery
and e-commerce platform; 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
operation by Q2 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.
Posted by AGORACOM-JC
at 4:28 PM on Wednesday, June 12th, 2019
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As Toronto Raptors surge in the NBA, their esports team gets major boost
The Raptors Uprising team in Toronto at their state-of-the-art training facility known as the Bell Fibe House. (CBC)
The name Toronto Raptors
rolls effortlessly off everyone’s lips these days. Their first-ever NBA
Finals appearance has made the team a household name in Canada and the
world over.
But if you were asked about Raptors Uprising, your most likely answer would be: “Who?” Or, “Raptors what?”
That is, if you’re not already an esports aficionado.
Who or what is Raptors Uprising?
Raptors Uprising is the
Raptors’ esports team in the NBA 2K League — a professional competitive
gaming league. Put simply, it’s playing the NBA via video game.
Sounds like fun? Sure. But it’s also serious business.
“We’re about hard work,
coming in early, working late, day in and day out,” said Frederick
Mendoza, one of the six members of the team.
And the money’s nothing to
sneeze at either. For the 2019 season, teams are competing for $1.2
million in prize money across three tournaments and playoffs.
In addition to Mendoza, who
hails from Arlington, Va., the Raptors Uprising roster includes Kenneth
Hailey of Memphis, Tenn.; Gerald Knapp of Verona, N.J.; Georgio Bonte
of Cambridge, Mass.; Seanquai Harris of Columbus, Ohio; and Joshua
McKenna of Decatur, Ga.
Aside from the prize money, they don’t get paid anywhere near the multi-million-dollar salaries of NBA players.
According to the NBA 2K League website, paycheques are modest.
“All players will be signed to a six-month contract, with first-round
draft picks to be paid a base salary of $35,000 and all other players
being paid a $32,000 base salary,” the website says. All those figures
are in U.S. dollars.
Players can also sign endorsement deals to earn income in addition to
their NBA 2K League compensation package, “subject to league
guidelines,” NBA 2K says.
And according to league rules, the players’ accommodations and travel
expenses are paid for by the teams. There’s also paid medical insurance
and even a retirement plan.
“I really see it as a job. I just play the game and I get paid,” Bonte told CBC Toronto.
Members of the Raptors Uprising team: Top left to right: Joshua McKenna,
Seanquai Harris add Georgio Bonte. Bottom left to right: Frederick
Mendoza, Gerald Knapp and Kenneth Hailey. (Submitted by Raptors
Uprising)
During the inaugural NBA 2K
League draft in April 2018, the six players were recruited by the
esports management team at Maple Leaf Sports and Entertainment (MLSE),
the conglomerate that owns the Raptors, Maple Leafs and Toronto FC..
On completion of the draft,
the six moved to Toronto to live and train in the state-of-the-art
facility known as the Bell Fibe House.
As part of their weekly
routine, the team watches film of previous games to review, analyze and
strategize for upcoming games and tournaments. The team also goes
through personal fitness training sessions twice a week at SWAT Health
in Toronto.
That’s to ensure physical fitness levels are at their peak to match their mental preparation for games and tournaments.
Member of Raptors Uprising train at their state-of-the-art facility in the basement of Bell Fibe House. (Farrah Merali/CBC)
The NBA 2K League is a
joint venture between the NBA and Take-Two Interactive. The professional
esports league features the best NBA 2K players in the world. It’s made
up of 17 teams — each drafting six players to compete as unique
characters in 5-on-5 play against the other teams in a mix of
regular-season games, tournaments and playoffs.
The 2019 season began on
Tuesday, April 2, and runs for 18 weeks, concluding on Saturday, Aug. 3
with the 2019 NBA 2K League Finals. All teams are operated by NBA
franchises.
This week, the league will
take THE TICKET tournament to Orlando as teams battle, not just for the
big purse prize — $240,000 — but for an automatic spot in the 2019 NBA
2K League postseason.
Riding the wave of Raptors success
Meanwhile, as the season
progresses, Harris says the Raptors Uprising team has been energized by
the success of the Toronto Raptors in the NBA, and their dramatic entry
into the finals.
“The energy is amazing here and we can translate that to 2K all the time,” Harris told CBC Toronto at Bell Fibe House.
“Right now, we’re trying to
make this push, to use this energy from the Raptors and turn this
around. I believe in my guys and I definitely believe something big is
going to happen.”
The team members say more
people have been tuning in to watch the NBA 2K League on TV sports
channels and more and more fans are now recognizing them in public,
requesting selfies, just showing them love, or inquiring about the
league.
Joshua McKenna and Kenneth Hailey take a break from training to pose for
a photograph with a young fan. (Submitted by Raptors Uprising)
Harris started playing during junior high school with his best friend Joey.
“He lived right across the
street so we used to go to his grandma’s house and play. I kept playing
and eventually when I got to college . . . I got myself into the top
ranking of players. So, we just kept working hard and here we are,” he
told CBC Toronto.
At 29, Hailey is the oldest member of the team. Like his teammates, he started playing 2K video games at a young age.
“I grew up in a household where it was eight of us and we all used to play video games,” he explained.
“I used to want to be the
best in the house so as we kept playing, I got better . . . then I got
introduced online and I started playing more competitively.”
For Knapp, playing 2K video games was just a hobby. That’s until late 2017 when he played in a tournament and won.
The prize: a whopping $332,000.
“Everyone wanted to win that tournament. That was the main goal,” Knapp said.
“After that tournament a
lot of people quit the game … until they announced the 2K League and
that’s when everyone started to lock in. We were relentless, like,
‘We’re not stopping until we get in.'”
Posted by AGORACOM-JC
at 10:32 AM on Wednesday, June 12th, 2019
Announced that National Skills Development Corporation and betterU have entered into a partnership effective today to support the advancing of the government’s skilling initiative in India
NSDC, under the aegis of Ministry of Skill Development & Entrepreneurship, is a unique public private partnership (PPP) which catalyse the creation of skills development and vocational training ecosystem in India.
OTTAWA, June 12, 2019 – betterU Education Corp. (the “Company” or “betterU”) is pleased to announce that National Skills Development Corporation (“NSDCâ€) and betterU have entered into a partnership effective today to support the advancing of the government’s skilling initiative in India.
NSDC, under the aegis of Ministry of Skill Development &
Entrepreneurship, is a unique public private partnership (PPP) which
catalyse the creation of skills development and vocational training
ecosystem in India. It is also an implementing agency for several
flagship programs under the Government of India i.e. Pradhan Mantri
Kaushal Vikas Yojana (PMKVY), Pradhan Mantri Kaushal Kendra (PMKK) etc.
NSDC’s objective is to contribute significantly to the overall target
of training youth in India by fostering private sector initiatives in
skill development programmes and to provide funding. NSDC’s mission
includes:
Upgrading skills to international
standards through significant industry involvement and development of
necessary frameworks for standards, curriculum and quality assurance.
Enhancing, supporting and coordinating
private sector initiatives for skill development through appropriate
Public-Private Partnership (PPP) models; striving for significant
operational and financial involvement from private sector.
Playing the role of a ‘market-maker’ by
bringing funds, particularly in sectors where market mechanisms are
ineffective or missing.
Prioritising initiatives that can have a multiplier or catalytic effect as opposed to one-off impact.
betterU’s CEO and team met with the MD & CEO of NSDC, Manish
Kumar in Mumbai last month and again the following week at their offices
in Delhi along with their leadership team. After lengthy discussions
and thoroughly understanding betterU, NSDC agreed that a formal
partnership would enable the advancement of our collective efforts
towards skilling India. “NSDC is focused on solutions that add value
to high quality skills development and vocational trainings across
India. After observing the offerings of betterU, we agreed that our
partnership could significantly contribute towards our common objectives
of skill development. We look forward to working closely with betterU
in the coming months,†said Manish Kumar, MD & CEO, NSDC.
Since inception back in 2013, betterU has been focused on the
developing of an education to employment ecosystem that could support
education for not only India, but the world. betterU’s leadership has
been travelling the world speaking at conferences and working to bring
together global educators onto one platform, which is required to
support mass education and skilling. “To equalized education for
all, one world requires one education platform where we can work
collectively together to support not only individual learners, but
entire countries as well. This partnership with NSDC will help us
further increase the ability to achieve positive results for the masses,†said Brad Loiselle President and CEO of betterU.
With upwards of 150 million people across 38 industry sectors
requiring skill training, betterU’s partnership with NSDC will provide
the opportunity for the masses to gain access to what they need at
affordable fees. betterU’s business model was designed to continually
add global content and methods of delivery to support all types of
learning. This way employees looking for skill advancements, corporates
looking to provide access to customized employee solutions, freshers
looking to gain access skills development programs in preparation for
work, Sector Skill Councils (SSCs) looking to support their mandates
across industries and various types of skills training can all be
coordinated and supported through betterU and their global partnerships.
betterU in partnership with NSDC, will also work to integrate and
collaborate with other NSDC solutions, technologies and partners to
build provide a more comprehensive system.
betterU is planning a national launch campaign across India for the
15th July 2019 to support their partnership and to align it with the
World Youth Skills Day. As part of this launch, betterU will be
allocating over $600,000 of its marketing budget supported by Hindustan
Times’ properties. The marketing investment will help support access to
betterU’s global education partners. This national campaign is currently
being planned and assembled.
About betterU
betterU, a global education to employment platform, aims to provide
access to quality education from around the world to foster growth and
opportunity to those who want to better their lives. The company plans
to bridge the prevailing gap in the education and job industry and
enhance the lives of its prospective learners by developing an
integrated education to employment ecosystem. betterU’s offerings can be
categorized into several broad functions: to compliment school programs
with flexible preschool, KG-12 programs preparing children for next
stage of education, to provide access to global and localized
educational programs from leading educators, to foster an exceptional
educational environment by providing befitting skills that lead to a
better career, to bridge the gap between one’s existing education and
prospective job requirement by training them and lastly, to connect the
end user to various job opportunities. betterU today has partnered with
over 75 global educators, representing access to over 53,000 programs.
It is developing technology and ongoing more partners required to
support the growing education needs of the world. www.betterU.in
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
This press release may contain forward-looking statements and
information, which may involve risks and uncertainties. The results or
events predicted in these statements may differ materially from actual
results or events. Factors that might cause a difference include, but
are not limited to, competitive developments, risks associated with
betterU’s growth, the state of the financial markets, regulatory risks
and other factors. There can be no assurance or guarantees that any
statements of forward-looking information contained in this release will
prove to be accurate. Actual results and future events could differ
materially from those anticipated in such statements. These and all
subsequent written and oral statements containing forward-looking
information are based on the estimates and opinions of management on the
dates they are made and expressly qualified in their entirety by this
notice. Unless otherwise required by applicable securities laws, betterU
disclaims any intention or obligation to update or revise any
forward-looking statements, whether because of new information, future
events or otherwise. Readers should not place undue reliance on any
statements of forward-looking information that speak only as of the date
of this release. Further information on betterU’s public filings,
including their most recent audited consolidated financial statements,
are available at www.sedar.com.
Posted by AGORACOM-JC
at 9:12 AM on Tuesday, June 11th, 2019
Will be opening an additional two retail stores within the next month, for a total of 5 locations, and the upcoming launch of its proprietary SPDR website
Commences trading today on the TSX Venture Exchange,
Under phase one of the Turn-Key Strategy, Spyder intends to operate a number of retail locations that will, in contrast to a number of its competitors, generate revenue by operating as retailers of a variety of non-cannabis products
Under phase two of the Turn-Key Strategy, Spyder will, subject to the receipt of cannabis retail licences from the Alcohol and Gaming Commission of Ontario and the Alberta Gaming, Liquor and Cannabis Commission, convert these retailers into cannabis stores at the earliest possible opportunity
Vaughan, Ontario–(June 11, 2019) – Spyder Cannabis Inc. (TSXV: SPDR) (“Spyder” or the “Company“), an established Ontario retail operator, is pleased to announce that it will be opening an additional two retail stores within the next month (the “NewRetail Locations“), for a total of 5 locations, and the upcoming launch of its proprietary SPDR website (the “SPDR Website“). The Company, which commences trading today on the TSX Venture Exchange, believes that the Retail Locations and the SDPR Website are a valuable part of its North American retail and e-commerce wellness growth strategy.
Retail Locations
The Company will open the New Retail Locations within the next month,
which will be located in Niagara Falls at 6474 Lundys Lane (the “Lundys Lane Location“)
and in Pickering at 776 Liverpool Road, Unit 4. The New Retail
Locations will, initially, focus on the sale of cannabis accessories,
hemp seed oil products, and hemp accessories.
The Lundys Lane Location, two other retail locations that Spyder
operates in Burlington and Calgary and a location that it intends to
open in Guelph, subject to negotiating satisfactory terms with the
landlord, will all be converted into cannabis retail stores as part of
the Company’s “Cannabis Turn-Key Strategy” (the “Turn-Key Strategy“).
Under phase one of the Turn-Key Strategy, Spyder intends to operate a
number of retail locations that will, in contrast to a number of its
competitors, generate revenue by operating as retailers of a variety of
non-cannabis products. Under phase two of the Turn-Key Strategy, Spyder
will, subject to the receipt of cannabis retail licences from the
Alcohol and Gaming Commission of Ontario and the Alberta Gaming, Liquor
and Cannabis Commission, convert these retailers into cannabis stores at
the earliest possible opportunity. The Company believes this strategy
will allow it to generate stable revenue streams during the interim
period before the stores receive a retail cannabis licence, and will
allow the Company to swiftly pivot into the sale of cannabis products
once appropriate licences have been received.
SPDR Website
The Company expects to launch the SPDR Website by July 1, 2019. The
SPDR Website is currently in an advanced stage of development, and will
focus on selling cannabis accessories and a variety of hemp-based
products on a retail and wholesale basis within Canada. The Company
intends to focus on offering its own SPDRTM branded products, which are
made up of a number top-of-the line and unique products, along with
leveraging the Company’s deep knowledge of the retail industry to offer a
number of other best-in-class products that it has identified over the
years.
“Spyder is excited to be able to announce our pending opening of two
additional retail locations within Ontario, bringing our total to 5
operating stores and the launch of the SPDR website, which we believe
demonstrate our commitment to creating value for our shareholders, a
responsibility we take seriously as a newly listed company. We recently
promised that we would take tangible steps to benefit our shareholders,
and we believe that these latest developments leave us headed in the
right direction,” said Dan Pelchovitz, Chief Executive Officer and
President of Spyder.
About Spyder
Founded in 2014 Spyder is an established chain of three high-end vape
stores in Ontario, with stores located in Woodbridge, Scarborough and
Burlington. 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
market. Spyder has developed a scalable retail model with aggressive
expansion plan to create a significant retail footprint with targeted
and disciplined retail distribution strategy focusing on Canadian
locations in high traffic peripheral areas.
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. In particular, this news release contains forward looking
statements regarding, without limitation: Spyder’s anticipated roll-out
of the New Retail Locations and the SPDR Website in the timelines
indicated or at all, the receipt by Spyder of cannabis licences on the
timelines indicated or at all, and the products that Spyder plans to
offer at the New Retail Locations and the SPDR Website.
Posted by AGORACOM-JC
at 7:18 AM on Tuesday, June 11th, 2019
Signed a letter of intent (LOI) to provide funding and to acquire 100% of the assets and inventory of Island Biopharma Inc.
Biopharma has developed a dedicated line of Cannabidiols products which a include proprietary CBD blended tincture product with three specific recipes for anxiety, energy and sleep.
VANCOUVER, British Columbia, June 11, 2019 — BOUGAINVILLE VENTURES INC. (“Bougainville” or the “Company”) (CSE:BOG) is pleased to announce that it has signed a letter of intent (LOI) to provide funding and to acquire 100% of the assets and inventory of Island Biopharma Inc.(Biopharma). Biopharma has developed a dedicated line of Cannabidiols (“CBDâ€) products which a include proprietary CBD blended tincture product with three specific recipes for anxiety, energy and sleep.
LOI Terms
Subject to Board approval from the Company and completion of
satisfactory due diligence, the parties intend to enter into a
definitive agreement on or before June 30, 2019. The Company will
acquire 100% of Biopharma assets and current inventory. The
consideration is to be payable in such number of common shares in its
share capital (“Consideration Shares”) at a per share price equal to the
volume weighted average price of such shares on the Canadian Securities
Exchange over a 15-day period ending on the day such Consideration
Shares are required to be issued (“15 day VWAP”). In addition, Biopharma
will contribute operational expertise, exclusive licenses for products
marketed in North America supported by an intellectual property
licensing agreement, and exclusivity for all current and future
technology for oil extraction in North America. The final evaluation
will be determined by an independent third party evaluator, which is
currently in progress.
Assets include:
Proprietary Formulas for Anxiety, Energy and Sleep
Lab Reports
All Proprietary Information
About Island Biopharma Inc.
Biopharma possesses a CBD blended tincture product with three
specific recipes for anxiety, energy and sleep. The philosophy of
Biopharma is to create products using the highest quality of bio-active
ingredients, and oil extraction methods that preserve the essence of the
cannabis plant. Biopharma has studied plant genetics for their
therapeutic effects by incorporating modern research techniques and by
analyzing the healing and therapeutic benefits of each strain giving the
company a huge range of combinations and therapeutic benefits for
specific ailments.
According to an estimate from cannabis
industry analysts the hemp-CBD market alone could hit $22 billion by
2022. CBD can be used to effectively treat epilepsy, anxiety, insomnia
and chronic pain. The Island Biopharma CBD line is designed to harness
the healing power of cannabis without the psychotropic effects of
tetrahydrocannabinol (“THCâ€).
CEO, Andy Jagpal Comments: “This marks an
exciting step forward for our brand’s expansion into multiple CBD
products. The acquisition of Island Biopharma will contribute greatly to
our future product lines. With the development of our CBD infused
energy drink already in development this acquisition will complement our
goal of producing high quality proven cannabaniod products. This is
in-line with the anticipated launch of the Canadian cannabis legislation
bringing about the legalization of the edible market slated for the
fall of 2019â€.
WORMCASTING TRANSACTION FINANCING UPDATE
Further to the Form 45-102F1 Notice of Intention to Distribute
Securities filed May 22, 2019 and associated news release dated May 24,
2019 the Company announces that management has sold a total of 1,000,000
shares of (BOG:CSE) with proceeds of $CAD100,000. These proceeds have
been contributed towards the final outstanding payment of $USD120,000
owed to Worm Castings pursuant to Bougainville’s obligation under the
Worm Castings Transaction announced in the Company’s news release dated
May 23, 2019. Management continues to defer salaries as it has for the
past two years to help conserve working capital to enable the company to
reach its milestones.
About Bougainville Ventures, Inc. Bougainville
Ventures Inc. is dedicated to rapid growth in production, processing,
retail and branding of cannabis and cannabis related products. Currently
the company provides strategic capital to the thriving cannabis
cultivation sector through ownership and development of commercial real
estate properties. We offer fully built out turnkey facilities equipped
with state-of-the-art growing infrastructure to cannabis growers and
processors. Also, the Company is focused on building a strong presence
in the hemp industry with the objective of extracting cannabinoids (CBD
& CBN) in both Canada and the United States. With our flagship Hemp
project in Oregon State the Company has proprietary, patent-pending hemp
root oil extraction technology and formulas for cannabis topicals and
tinctures.
http://bougainvilleinc.com/
On behalf of the Board of Directors BOUGAINVILLE VENTURES INC.
Andy Jagpal, CEO and Director
For further information, please contact Andy Jagpal at [email protected] or 1-844-734-8420
FORWARD LOOKING STATEMENTS: This news release contains certain
forward-looking statements within the meaning of Canadian securities
laws. Forward-looking statements are based on the expectations and
opinions of the Company’s management on the date the statements are
made. The assumptions used in the preparation of such statements,
although considered reasonable at the time of preparation, may prove to
be imprecise and, as such, undue reliance should not be placed on
forward-looking statements. The Company 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.
No regulatory authority has approved or disapproved the information contained in this news release.
Source: GlobeNewswire (June 11, 2019 – 3:00 AM EDT)
Tags: CBD, Hemp, Marijuana, stocks, tsx, tsx-v, weed Posted in Bougainville Ventures | Comments Off on Bougainville Ventures Inc. $BOG.ca Enters in to Funding and Asset Purchase Agreement with Island Biopharma Inc. $CROP.ca $VP.ca NF.ca $MCOA
Posted by AGORACOM-JC
at 9:43 AM on Monday, June 10th, 2019
Joining us on this episode is Peter P. Swistak, President/CEO of Vertical Exploration.
The company has recently received positive results from its Phase 1
Research and Development program that was conducted by AGRINOVA using
wollastonite from the Company’s St-Onge deposit. All of the research and
testing in the Phase 1 program was managed and monitored by AGRINOVA, a
highly-regarded Center for Research and Innovation in Agriculture in
Quebec, in an effort to optimize the potential agricultural uses of
wollastonite and help improve production methods for farmers and
agricultural companies located in Quebec.
