Edtech startup Cialfo raises USD 3 million Series A round
By Robin Moh
College application platform Cialfo raised USD 3 million in a Series A funding round led by DLF Ventures
Other participants include Enterprise Singapore’s investment arm SEEDS Capital, YK Capital, and some angel investors.
Singapore-based college application platform Cialfo raised USD 3 million in a Series A funding round led by DLF Ventures. Other participants include Enterprise Singapore’s investment arm SEEDS Capital, YK Capital, and some angel investors.
According to Cialfo’s press statement, the startup has raised more
than USD 5 million to date; a figure which Cialfo thinks makes it
Singapore’s best-funded education technology startup. Proceeds of this
round will be used to support the company’s expansion in the US.
Stanley Chia, Rohan Pasari and William Hund founded Cialfo in 2012.
The Singaporean company provides a technology platform that combines the
functionalities of social messaging, task management, and Dropbox to
simplify university applications by allowing for quick communication and
sharing of documents among consultants, teachers, and students. Parents
can also receive automated responses from the system.
The education technology company began by charging for
personalization and consultation services; the platform is free to use.
However, when the three co-founders later added a software-as-a-service
(SaaS) business model, where Cialfo sells tech-enabled services to
customers from countries such as India, China, Vietnam, Cambodia, and
Mongolia.
The company has since sold its consultancy arm to another Singapore-based provider, ChangedEdu, in 2017.
Today, Caiflo has offices across the globe in Singapore, New York,
Beijing, and New Delhi. Some of the company’s clients include
India’s Oberoi International School, Singapore’s Hwa Chong Institution,
China’s Beijing No. 4/BHSF, Poland’s American School of Warsaw, and
Netherlands’ School of The Hague.
The company’s current plan is to increase students’ access to quality
American education opportunities regardless of their background.
Posted by AGORACOM-JC
at 11:21 AM on Friday, May 17th, 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 ———————————-
Hip Hop & ESports: The New Intersection Of Tech & Culture
As the esports industry rises in value, hip hop artists and entrepreneurs are seeing the big investment opportunities the sector provides.
Esports is believed to be the next wave of competitive entertainment and everyone is taking notice, since its expected to surpass $1 billion in revenue in 2019.
LONDON, ENGLAND – MAY 03: Kenny Williams of team 100 Thieves in
action during Esports Call Of Duty World League at Copper Box Arena on
May 03, 2019 in London, England. (Photo by Luke Walker/Getty Images)
As the esports industry rises in
value, hip hop artists and entrepreneurs are seeing the big investment
opportunities the sector provides. Esports is believed to be the next
wave of competitive entertainment and everyone is taking notice, since
its expected to surpass $1 billion in revenue in 2019. Hip hop in
perpetuity is turning up the volume on esports growth by bringing in its
loyal fan base.
The Breakdown You Need to Know
Esports is a subculture of gaming and hip hop is very prominent across the industry in several capacities. However, CultureBanx
noted that early research on gaming culture alluded to the lack of
industry diversity, both in terms of gender as well as ethnicity, and
meant that for a long time, primarily white men dominated the American-based video game industry,
that has clearly changed. It’s estimated that 380 to 400 million people
worldwide will watch esports this year, including 165 million regular
esports viewers. Additionally, research firm Newzoo estimated $700
million was spent on esports ventures.
Hip hop’s affinity for video games is not a new found love as these
artists have included video games in their rhymes since the late 80s.
Entertainers such as Drake and The Weeknd are already tapping into the
cash flow of esports. Drake invested in esports company 100 Thieves in
October of 2018, and last month The Weeknd invested in OverActive Media,
the parent company of the Overwatch League franchise Toronto Defiant.
Also, Sean “Diddy†Combs put several coins into high school esports
initiative PlayVS in November 2018, following a $30.5 million Series B
funding round. Play VS gives high school students access to competitions
and scholarships.
Other rappers including XXXTentacion, Lil Pump, 21 Savage, Lil Yachty
and Trippie Redd have played games, primarily Fortnite on Amazon owned
Twitch. When Drake and Tyler “Ninja†Blevins teamed up to play Fortnite
back in March of 2018, the stream broke records.
Gaming Clout
Between the high viewership numbers
and the billions of dollars at stake, these numbers have even captured
the attention of the NBA. Last year, they held a draft for the launch of
their new esports league, selecting 102 professional players in a ceremony that matched its traditional basketball draft.
Also, esports isn’t slowing down any time
soon and the industry is ripe for cultivating and investing in
up-and-coming talent. More than 50 colleges have esports programs and
offer scholarships for players. Not to mention that video games have out
earned all of Hollywood’s offerings and all record label projects
combined over the last eight years and counting.
Hip hop’s impact on video games through esports has played a major
role in various marketing campaigns to reach new markets. For example,
following a partnership with esports group Mousesport, German
streetwear chain SNIPES released a video featuring rapper Rick Ross
alongside the announcement of its new collection.
Sneaker culture has long been connected to hip hop and is now being
intertwined with esports. In summer 2018, Drake’s 100 Thieves entered
into a partnership with streetwear and sneaker reselling platform
StockX. These professionals are on the path to become celebrities in
their own right and will probably start signing major sneaker deals of
their own.
Posted by AGORACOM-JC
at 8:08 AM on Friday, May 17th, 2019
Announced the appointment of John Brackens as Chief Information Officer
Mr. Brackens is a senior level professional with extensive experience in startups, high-tech companies and the gaming industry, holding positions that have included CIO, COO and CTO.
BIRKIRKARA, Malta, May 17, 2019 — via OTC PR WIRE – Esports Entertainment Group, Inc. (OTCQB: GMBL) (or the “Company”), a licensed online gambling company with a specific focus on esports wagering and 18+ gaming, is pleased to announce the appointment of John Brackens as Chief Information Officer. Mr. Brackens is a senior level professional with extensive experience in startups, high-tech companies and the gaming industry, holding positions that have included CIO, COO and CTO.
During his time at Activision Blizzard, Mr. Brackens served as
Manager of Network Operations, where he directed IT service management
and hardware support for 4,500+ servers and 50+ million monthly active
players. In addition to reducing server maintenance costs by 35%, he
also improved system uptime from 97.81% to 99.99%. Moreover, he managed
technology projects including the automated detection and repair of
online services and infrastructure using artiï¬cial intelligence.
Other key achievements by Mr. Brackens include the creation,
execution, and monetization of the League of Gods Asia eSports series,
as well as, managing a licensing application for Malta Gaming Authority
and Curacao eGaming License.
Mr. Brackens stated, “I joined Esports Entertainment Group because of
Grant Johnson’s commitment to providing a best in class betting
experience to esports fans. Esports is going to be the leading source of
entertainment in the next few years eclipsing many major traditional
sports. I want to be a part of this movement. I look forward to helping
drive the growth of VIE.gg through cost-effective technologies that
deliver value and innovation to players and fans alike, so that everyone
can enjoy all of our services as intended.â€
Grant Johnson, CEO of Esports Entertainment Group stated, “We are
very pleased with the addition of John to our senior management team.
His experience at the highest levels of information technology and
network operations, especially within different licensing regimes, will
be invaluable as the Company embarks on its aggressive growth plans
within the global esports industry.â€
This press release is available on our Online Investor Relations
Community for shareholders and potential shareholders to ask questions,
receive answers and collaborate with management in a fully moderated
forum at https://agoracom.com/ir/EsportsEntertainmentGroup
Redchip investor relations Esports Entertainment Group Investor Page: http://www.gmblinfo.com
Esports Entertainment Group, Inc. is a licensed online gambling
company with a specific focus on esports wagering and 18+ gaming.
Esports Entertainment offers bet exchange style wagering on esports
events in a licensed, regulated and secure platform to the global
esports audience at vie.gg.
In addition, Esports Entertainment intends to offer users from around
the world the ability to participate in multi-player mobile and PC video
game tournaments for cash prizes. Esports Entertainment is led by a
team of industry professionals and technical experts from the online
gambling and the video game industries, and esports. The Company holds
licenses to conduct online gambling and 18+ gaming on a global basis in
Curacao, Kingdom of the Netherlands. The Company maintains offices in
Malta, Curacao and Warsaw, Poland. Esports Entertainment common stock is
listed on the OTCQB under the symbol GMBL. For more information visit www.esportsentertainmentgroup.com . FORWARD-LOOKING STATEMENTS The
information contained herein includes forward-looking statements. These
statements relate to future events or to our future financial
performance, and involve known and unknown risks, uncertainties and
other factors that may cause our actual results, levels of activity,
performance, or achievements to be materially different from any future
results, levels of activity, performance or achievements expressed or
implied by these forward-looking statements. You should not place undue
reliance on forward-looking statements since they involve known and
unknown risks, uncertainties and other factors which are, in some cases,
beyond our control and which could, and likely will, materially affect
actual results, levels of activity, performance or achievements. Any
forward-looking statement reflects our current views with respect to
future events and is subject to these and other risks, uncertainties and
assumptions relating to our operations, results of operations, growth
strategy and liquidity. We assume no obligation to publicly update or
revise these forward-looking statements for any reason, or to update the
reasons actual results could differ materially from those anticipated
in these forward-looking statements, even if new information becomes
available in the future. The safe harbor for forward-looking statements
contained in the Securities Litigation Reform Act of 1995 protects
companies from liability for their forward-looking statements if they
comply with the requirements of the Act.
Posted by AGORACOM-JC
at 12:35 PM on Wednesday, May 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.
——————-
Ripple Exec: Blockchain, Crypto Will Have a Role in US Tech Independence
“There is a broad discussion in Washington around 5G being dominated by foreign firms and the U.S. being reliant on foreign technology and foreign expertise… With blockchain and crypto, I think there’s a recognition now that these will be part of our future infrastructure… It’s important both for national security and from an economic perspective, that the U.S. is a leader in that.â€
Technology needs to be a national issue for the United States, with digital currencies and blockchain
to be recognized within that goal, according to Ripples’ Director of
Regulatory Relations Ryan Zagone, at the Consensus 2019 conference on
May 14.
Recently, legislators reintroduced the Token Taxonomy Act, that would exclude cryptocurrency
from being classified as a security. The act also pursues the
introduction of regulatory certainty for businesses and regulators in
the U.S. blockchain industry, as well as clarifying conflicting state
initiatives and regulatory rulings that have confused the issue.
Moreover, the announcement calls attention to the growing strength of digital asset markets and the blockchain industry both in Europe and China, and states that the Act is necessary in order to keep the U.S. competitive in the global market.
As reported
in March, the number of lobbies working on blockchain technology issues
in Washington D.C. tripled in 2018, reaching 33 projects in the fourth
quarter of 2018 compared to 12 in the same period of 2017. Jerry Brito,
executive director at the non-profit organization Coin Center, suggested
that the growth is driven by securities regulation.
Posted by AGORACOM-JC
at 11:07 AM on Wednesday, May 15th, 2019
Attending the 20th Annual B. Riley FBR Institutional Investor Conference on May 22 – 23, 2019 at the Beverly Hilton hotel in Los Angeles.
TORONTO, May 15, 2019 — Enthusiast Gaming Holdings Inc. (TSXV: EGLX) (OTCQB: EGHIF), (“Enthusiast†or the “Companyâ€), the largest publicly traded video game media and esports company in North America, will be attending the 20th Annual B. Riley FBR Institutional Investor Conference on May 22 – 23, 2019 at the Beverly Hilton hotel in Los Angeles.
Eric Bernofsky, COO, and SVP Finance of Enthusiast will be presenting
the Company at 9:00am on May 23, 2019. The Company will also be
available for one-on-one meetings throughout the conference. To
schedule a meeting, please contact Julia Becker, Head of Investor
Relations & Marketing at [email protected].
Founded in 2014, Enthusiast Gaming is the largest vertically
integrated video game company and has the fastest-growing online
community of video gamers. Through the Company’s unique acquisition
strategy, it has a platform of over 80 owned and affiliated websites and
currently reaches over 75 million monthly visitors with its unique and
curated content and over 50 million YouTube visitors. 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.
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.
Posted by AGORACOM-JC
at 9:35 AM on Wednesday, May 15th, 2019
Integration of GEMS(TM) Universal ECG App with BodiMetrics hardware
platform expands ECG Device Manufacturer’s Offerings to now Include
Credible ECG Reporting Services
Announced the execution of an ECG and multiple biosign monitoring device integration and co-marketing agreement with California-based BodiMetrics LLC
BodiMetrics users can now benefit from access to CardioComm’s trusted ECG report generation and reporting capabilities.
BodiMetrics will promote the use of GEMS™ Universal to its extensive customer base and CardioComm will share resultant revenues generated from GEMS™ Universal subscription fees and from paid-for ECG readings.
Toronto, Ontario–(May 15, 2019) – CardioComm Solutions, Inc.(TSXV: EKG) (“CardioComm” or the “Company“), a global provider of consumer heart monitoring and electrocardiogram (“ECG“) acquisition and management software solutions, announces the execution of an ECG and multiple biosign monitoring device integration and co-marketing agreement with California-based BodiMetrics LLC (“BodiMetrics“).
With the launch of CardioComm’s GEMS™ Universal ECG app (“GEMS™ Universal“),
BodiMetrics users can now benefit from access to CardioComm’s trusted
ECG report generation and reporting capabilities. BodiMetrics will
promote the use of GEMS™ Universal to its extensive customer base and
CardioComm will share resultant revenues generated from GEMS™ Universal
subscription fees and from paid-for ECG readings. Under the agreement,
CardioComm also has distribution rights for the sale of devices through
its hospital, telemedicine and consumer sales channels.
GEMS™ Universal will be available under two subscription models:
$6 US per month with one free ECG interpretation included; and,
$69 US per year with 12 free ECG interpretations that may be requested any time during the one year subscription.
GEMS™ Universal is based directly on the Company’s GEMS™ Mobile ECG
and was developed to allow non-HeartCheck™ branded ECG devices users to
generate unlimited, medical-grade ECG PDFs or to request a review of
their ECG(s) through CardioComm’s SMART Monitoring ECG reading service
on a fee-for-review basis. Once the free ECG reviews have been used,
additional SMART Monitoring reviews can be requested for $1.99 US for an
ECG triage or $12.50 US for a physician interpretation.
The BodiMetrics device replaces five (5) devices with one: ECG, Heart
Rate, Systolic Blood Pressure, Blood Oxygenation (Spo2%) and
Temperature. BodiMetrics confirms that approximately 30,000 devices have
been sold to date with annual sales volumes increasing 50% to 60% each
year. US sales occur through Amazon, Best Buy, Costco and various
e-commerce channels. Additional sales occur through medical device
distributors, Medline, Henry Schein, employer care management partners
and telemedicine, patient and virtual care platforms.
A second phase of the agreement will see the GEMS™ Mobile’s ECG
management technology embedded directly into BodiMetrics’ device app
under a licensing agreement, allowing the user to open only one app to
access all existing biometric use options as well as ECG monitoring.
Additional information will be provided when the ECG enabled BodiMetrics
app is released later this year.
The Company reported the launch of the GEMS™ Universal ECG app on May
14, 2019. The app is now available on Google Play and is scheduled to
be available on the App Store within two weeks.
CardioComm Solutions’ patented and proprietary technology is used in
products for recording, viewing, analyzing and storing
electrocardiograms for diagnosis and management of cardiac patients.
Products are sold worldwide through a combination of an external
distribution network and a North American-based sales team. CardioComm
Solutions has earned the ISO 13485 certification, is HIPAA compliant and
holds clearances from the European Union (CE Mark), the USA (FDA) and
Canada (Health Canada).
This release may contain certain forward-looking statements and
forward-looking information with respect to the financial condition,
results of operations and business of CardioComm Solutions and certain
of the plans and objectives of CardioComm Solutions with respect to
these items. Such statements and information reflect management’s
current beliefs and are based on information currently available to
management. By their nature, forward-looking statements and
forward-looking information involve risk and uncertainty because they
relate to events and depend on circumstances that will occur in the
future and there are many factors that could cause actual results and
developments to differ materially from those expressed or implied by
these forward-looking statements and forward-looking information.
In evaluating these statements, readers should not place undue
reliance on forward-looking statements and forward-looking information.
The Company does not assume any obligation to update the forward-looking
statements and forward-looking information contained in this release
other than as required by applicable laws, including without limitation,
Section 5.8(2) of National Instrument 51-102 (Continuous Disclosure Obligations).
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.
Posted by AGORACOM-JC
at 8:09 AM on Wednesday, May 15th, 2019
Announced a non-brokered private placement of up to 13,333,333 units, at a price of $0.30 per unit, for gross proceeds of up to $4Â million
Company plans to use the net proceeds of the offering to hire additional staff for its Canadian operations, pursue M&A opportunities in the United States, including new state license applications, and for general working capital purposes.
Insiders of NORTHBUD have Committed $1 Million as Lead Order
TORONTO, May 15, 2019 — North Bud Farms Inc. (CSE: NBUD) (OTCQB: NOBDF) (“NORTHBUD” or the “Company”) announces a non-brokered private placement of up to 13,333,333 units, at a price of $0.30 per unit, for gross proceeds of up to $4 million. Each unit will be comprised of one common share of the Company and one common share purchase warrant. Each warrant will entitle the holder to acquire an additional share at a price of $0.40 for a period of 24 months from the date of closing of the offering. Insiders of the Company have demonstrated their commitment to the continued success of the Company by committing to a lead investment of $1 million in the proposed offering. The Company plans to use the net proceeds of the offering to hire additional staff for its Canadian operations, pursue M&A opportunities in the United States, including new state license applications, and for general working capital purposes.
“These funds will be essential to fund ongoing acquisition efforts in
the United States and prepare our Canadian production facility for
operations,†said Ryan Brown, CEO of North Bud Farms.
The offering is expected to be completed on or before May 31, 2019,
subject to the receipt of all necessary regulatory approvals. All
securities issued pursuant to the offering will be subject to a
four-month hold period in accordance with applicable Canadian securities
laws.
As mentioned, certain directors, officers and other insiders have
committed to participate in the offering. Accordingly, any such
participation would be considered a “related party transaction” under
Multilateral Instrument 61-101 – Protection of Minority Security Holders
in Special Transactions (“MI 61-101”). The Company is relying on the
exemptions from the formal valuation requirements and majority of the
minority shareholder approval requirements of MI 61-101 contained in
Section 5.5(a) and Section 5.7(1)(a) in respect of any such related
party transaction on the basis that the fair market value of the
transaction does not exceed more than 25% of the Company’s market
capitalization. The Company expects to file a material change report in
respect of any related party transaction on SEDAR prior to the closing
of the offering, the whole as required by MI 61-101.
Eureka Vapor LLC Update
The Company is pleased to update shareholders on the status of its
planned strategic acquisition of multi-state licensed operator, Eureka
Vapor (“Eurekaâ€), as the companies continue to work towards completing a
definitive agreement. Based on projected timelines for the completion
of the audit of Eureka’s financial statements, the companies expect to
sign a definitive agreement in the third quarter of the 2019 calendar
year.
“We are excited to be joining forces with NORTHBUD to drive strong
long-term revenue growth in both Canada and the United States,†said
Justin Braune, CEO of Eureka Vapor. “The Eureka team continues to
evaluate synergistic acquisitions in multiple U.S. states to expand both
the Eureka Vapor and NORTHBUD brands post-closing of our transaction.â€
Corporate Update
The Company is in the final stages of preparation for submission of
the required evidence package to Health Canada for its cannabis
production facility located in Low, Quebec. Consultants have scheduled
the evidence package for the end of June and it will be submitted to
Health Canada upon its completion.
“We are very excited to be nearing completion of this project,†said
Ryan Brown, CEO of North Bud Farms. “We are equally encouraged by recent
changes in the application process that will allocate more resources to
companies who are operationally ready. The Company will provide an
update post submission of the evidence package.â€
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. North Bud Farms
Inc. is constructing a state-of-the-art purpose-built cannabis
production facility located on 95 acres of Agricultural Land in Low,
Quebec. North Bud Farms Inc. will be focused on Pharmaceutical and Food
Grade cannabinoid production in preparation for the legalization of
edibles and ingestible products scheduled for October 2019.
Neither the Canadian Securities Exchange (the “CSEâ€) 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 statementsâ€) within the meaning of applicable
securities legislation. Forward-looking statements, including those
identified by the expressions “anticipateâ€, “believeâ€, “planâ€,
“estimateâ€, “expectâ€, “intendâ€, “mayâ€, “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]
Tags: Cannabis, CSE, Hemp, Marijuana, stocks, tsx, tsx-v, weed Posted in North Bud Farms Inc | Comments Off on North Bud Farms $NBUD.ca Arranges Private Placement Financing and Provides Corporate Update $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca
Posted by AGORACOM-JC
at 3:01 PM on Tuesday, May 14th, 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.
——————-
IBM Establishes 5 Blockchain Principles To Drive Enterprise Adoption And Benefit Society
As an early advocate for blockchain, IBM has been working vigorously to commercialize the technology through its enterprise-grade version of Hyperledger Fabric, known as IBM Blockchain.
Hyperledger Fabric currently empowers 1300 networks in the IBM blockchain cloud, 100 of which are live in production today.
Following years of experimentation and the advancement of established live networks, IBM has now established a set of 5 “blockchain for good principles,†demonstrating how trusted and transparent enterprise blockchains can benefit organizations and society as a whole.
The principles, which are also outlined in an IBM blog post, are:
Open is better
Permissioned doesn’t mean private
Governance is a team sport
Common standards are common sense
Privacy is paramount
When IBM’s CEO, Ginni Rometty, began
commenting on data rights with respect to data analytics, we became
inspired on the blockchain side. Over the past 3 years, we have worked
with many clients and have gained perspectives that have driven these
principles. There are ways to use blockchain technology that are
critical and would lead to good outcomes, but let’s make sure we don’t
leave that to guess work. That is how these 5 principles came about and
it’s our responsibility to abide by them wisely and share them with
others,†Jerry Cuomo, Vice President of IBM Blockchain and IBM Fellow,
told me.
In order to better understand how each principle is being applied, Cuomo went into detail about the standards.
Open Is Better
According to IBM, blockchain networks must foster diverse communities
of open source contributors to promote innovation and ensure the
overall quality of code.
The open is better principle is
carried across many aspects of what we do at IBM. Open is always better
when it comes to the cloud, artificial intelligence or the Internet of
Things, but it has especially interesting implications when looked at
from a blockchain context. We have always been an ‘open by design’
company, but we think carrying that principle to blockchain is
fundamental to our strategy,†explained Cuomo.
For example, IBM points out that The
Hyperledger Project, operated under The Linux Foundation, is a
“greenhouse†for growing enterprise-grade blockchain software with
strong and diverse code contributors.
“Hyperledger is an open technology
co-created by multiple institutions. The users of this technology
benefit since collaborations create diversity,†said Cuomo.
Moreover, Hyperledger Fabric also allows IBM to monetize due to the collaborative nature of the technology.
Institutions like IBM working on
Hyperledger Fabric are able to monetize due to the openness. For
instance, Oracle has the Oracle Blockchain, but they monetize using
Hyperledger Fabric. We are all collaborating to create these blockchain
networks, but we all have competitive offerings. Without breaking the
openness, we can add value to differentiate from our solutions. In turn,
consumers get high quality code offered through multiple institutions.
This is a unique business model built around the idea of open source,â€
noted Cuomo.
Permissioned Doesn’t Mean Private
Although anonymous public blockchains afford a number of powerful
capabilities, IBM believes that these are not suitable for most
enterprises, particularly those in regulated industries. Rather, to
support an enterprise-grade platform aligned with regulatory and
fiduciary responsibilities, enterprise blockchains must be designed
around the principle of permissioned and trusted access. However, it’s
important to understand that permissioned doesn’t mean private.
Blockchain is about trust. For
instance, we trust businesses because of the rules they follow. But
rules also have accountability, meaning you have to know which
businesses are participating in certain systems. There are types of
blockchains that are anonymous like Bitcoin and Ethereum, and there are
types of blockchains like Hyperledger Fabric and several others that are
permissioned. Permissioned is important because it insists that members
of the network are known to the network. Permissions are balanced with
privacy so blockchains that follow these principles have privacy
capabilities that allow members to transact confidentially,†said Cuomo.
Maintaining a balance through a
permissioned network is critical for IBM, as most organizations need to
know whom they’re conducting business with to ensure that no illegal
activity is being transacted over the network.
Governance Is A Team Sport
IBM also believes that enterprise blockchains must embrace
distributed and transparent governance to ensure that networks serve the
needs of all participants and are managed in a manner reflective of
each use case.
“Governance means rules. These rules will define who the elected
officials are, who is responsible for what roles and obligations, etc.
Governance is mandatory in a blockchain network,†said Cuomo.
Moreover, IBM notes that a trusted governance model requires at least
three designated trust anchors and that governance frameworks should
also take into account a network’s funding model.
For example, the Verfied:Me identity network in Canada, convened by
SecureKey Inc, has enlisted major Canadian banks to participate as trust
anchors to host nodes and validate network transactions. SecureKey has
created a governance model that involves ongoing checks and balances
between its constituent working groups.
Common Standards Are Common Sense
Additionally, IBM understands that enterprise blockchains should be
architected around common standards that are interoperable in order to
help future-proof networks, prevent vendor lock-in and foster a robust
ecosystem of innovators. This also involves interoperability of cloud
platforms. And while most blockchain networks presently exist in siloes,
the technology is evolving to support a network of networks.
According to IBM, the first step in promoting this interoperability is to make blockchains visible to one another through a registry, such as Hacera Unbounded. Moreover,
blockchain networks should define and publish their data models and
policies for change according to industry standards.
Privacy Is Paramount
Finally, IBM thinks that an enterprise blockchain should control who
can access data and under what circumstances. Blockchain networks must
also abide by privacy regulations such as GDPR. In most cases, that
means any personal data should be kept off-chain.
For example, IBM Food Trust
is a blockchain network aimed at ensuring food safety, freshness and
sustainability. This network enables brands like Walmart, Albertsons and
Driscoll to leverage shared data to enact various supply-chain
efficiencies, while safeguarding each member’s proprietary information.
Posted by AGORACOM-JC
at 12:29 PM on Tuesday, May 14th, 2019
Signed a Sponsored Research Agreement to develop a one of a kind water soluble cannabis-based (CBD) supplement energy drink to improve workout performance
Bougainville agrees to fund certain CBD-based research projects like CBD-Oils, CBD-Creams, and CBD-Supplements.
VANCOUVER, British Columbia, May 14, 2019 — Bougainville Ventures Inc. (CSE:BOG) (Frankfurt:8BV)Â is pleased to announced it has signed a Sponsored Research Agreement to develop a one of a kind water soluble cannabis-based (CBD) supplement energy drink to improve workout performance.
Pursuant to its agreement with an Israeli based research firm
Bougainville agrees to fund certain CBD-based research projects like
CBD-Oils, CBD-Creams, and CBD-Supplements. The first project will be to
develop a formula, which will be a water soluble cannabis-based (CBD)
supplement to boost energy and to improve workout performance.
Terms of the Agreement
Bougainville will pay a 5% Royalty from the sale, transfer or order
disposition of the product, for a period of six (6) years from the
completion of the product. Bougainville will have exclusive rights to
commercialize the product in Canada and first right of refusal to
commercialize the product in the US.
Bougainville Shall pay the Israeli based research firm $25,000 USD
upon the execution of the Definitive Agreement by non-refundable check
dated July 1, 2019. And an additional $50,000 USD shall be paid by
Bougainville in favor of the research firm based on milestones.
Israel is at the Forefront of Medical Cannabis Research
Israel is one of the most progressive nations for medical marijuana
research comes courtesy of the government’s involvement. Not only do
they sponsor the majority of clinical trials, but the Israeli military
has endorsed the cannabinoid THC as part of a treatment program for
post-traumatic stress disorder (PTSD). In 2017 Israel saw more than 110
clinical trials take place. Their topic of study included cannabis as a
treatment for Parkinson’s, multiple sclerosis (MS), Crohn’s disease and
several other forms of chronic pain. Israel dominates the medical
marijuana research space and the Government has plans to build one of
the world’s most extensive medical cannabis research and development
facilities in the world.
Andy Jagpal, President, Comments: “We are excited
to strike a relationship to develop a CBD infused energy drink as
Canada’s edible marijuana market is around the corner from being fully
legal within the year. We are also in contact with processors in Canada
to manufacture the energy drink and with our Saskatchewan-based hemp
farmers to source the CBD for our products.â€
About Bougainville Ventures, Inc.  Bougainville provides cannabis infrastructure and seed-to-sale services to I-502 tenant-growers leasing greenhouse facilities space and providing fully built-out, turnkey solutions and ancillary services including processing, cannabis expertise and marketing and sales resources. Greenhouse canopies provide a 50% saving in cultivation cost.
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 1-888-395-6399
Tags: CBD, CSE, Hemp, Marijuana, stocks, tsx, tsx-v, weed Posted in Bougainville Ventures | Comments Off on Bougainville $BOG.ca Signs a Sponsored Research Agreement for a CBD Energy Drink With Israeli Based R&D Company $CROP.ca $VP.ca NF.ca $MCOA
