Agoracom Blog Home

Posts Tagged ‘stocks’

« Older Entries
Newer Entries »

Esports Entertainment Group $GMBL – #Esports is Playing Out to Be a Big Opportunity for Investors $TECHF $ATVI $TTWO $GAME $EPY.ca $FDM.ca $TNA.ca

Posted by AGORACOM-JC at 4:23 PM on Wednesday, April 10th, 2019
SPONSOR: Esports Entertainment $GMBL Esports audience is 350M, growing to 590M, Esports wagering is projected at $23 BILLION by 2020. The company has launched VIE.gg esports betting platform and has accelerated affiliate marketing agreements with 190 Esports teams. Click here for more information
GMBL: OTCQB

———————–

eSports is Playing Out to Be a Big Opportunity for Investors

  • Esports sector represented just 1% of the global gaming market at nearly $700 million in 2017, with the industry expecting to reach $1.65 billion by 2021, representing a 27.4% CAGR estimates Newzoo.
  • Worldwide eSports viewership is expected to grow by nearly 50% from 2018 levels to 560 million by 2021

Sean Mason | April 10, 2019 | SmallCapPower: Video games are nothing new – people have been playing them since the 1970s. But with the proliferation of social media in recent years, electronic sports, or eSports, could eventually generate more revenue than traditional professional sporting events, such as National Football League (NFL) games.

eSports can be most simply defined as organized, competitive video gaming at the professional level, where participants compete in a virtual environment for money and recognition. Much of eSports’ appeal is in its inclusivity, as anyone with dexterity and determination can, in theory and with plenty of practice, reach an elite level regardless of their athleticism. And thanks to the Internet, eSports tournaments have quickly gone global. This, after all, is due to the fact that the distribution of eSports is almost entirely digital, with fans being able to stream eSports content for free anywhere in the world.

To give you an idea how much growth potential exists within the eSports sector, it represented just 1% of the global gaming market at nearly $700 million in 2017, with the industry expecting to reach $1.65 billion by 2021, representing a 27.4% CAGR estimates Newzoo.

With its popularity rising, worldwide eSports viewership is expected to grow by nearly 50% from 2018 levels to 560 million by 2021. In fact, in the U.S. eSports viewership on key streaming platforms such as Twitch, Youtube, and TV with traditional channels like TBS, ESPN have already surpassed that of the NHL and is expected to take the #2 spot behind the NFL by 2021, according to an August 2018 report by Eight Capital, adding that the sector remains under-monetized relative to traditional sports. To put that into perspective, average revenue per eSports enthusiast was just $3.60 in 2017, a fraction of the $15 average revenue per basketball fan and $54 average per sports fan globally, this based on a study by Newzoo.

Audience engagement for eSports is extremely high, which has become ideal for advertisers to target a captive and young demographic. According to a Goldman Sachs eSports report dated October 2018, eSports generated an estimated $655 million in annual revenue in 2017, 38% of which came from sponsorships, 14% from media rights, and 9% from ticket revenue. By 2022, though, media rights are anticipated to reach 40% of total eSports revenue, with sponsorship expected to become the second largest contributor of revenue at 35%.

Goldman Sachs believes eSports will increasingly migrate from PCs to other platforms, such as console and mobile. For mobile eSports, Goldman Sachs said it is seeing increased venture investment in the space. Since 2013, there has been $3.3 billion of venture capital investment in eSports-related start-ups, which is set to capitalize on two primary trends: the opportunity for live-streaming to monetize the growth in eSports; and the popularity of eSports in Asia. China’s eSports market is derived from the largest gamer base in the world, with approximately 442 million gamers by the end of 2017 and a 57.2% penetration rate of China Internet users, according to CNNIC.

Technological evolution in the eSports space will likely mean more money will flow into trends such as streaming, mobile, and Virtual Reality (VR). To that end, Canadian company YDX Innovation Corp. (TSXV:YDX) already has direct experience in eSports in addition to a product that fits well with the segment.

“When we created our VR game a year and a half ago, we already knew we were taking the platform in an eSports direction,” YDX Innovation CEO Daniel Japiassu told SmallCapPower in an interview.

YDX Innovation’s Arkave VR Arena is a gaming platform that brings an immersive Virtual Reality experience to different venues – a highly scalable business model according to the Company. YDX Innovation announced recently that it had signed an agreement with eSports company Jackpot Rising to organize tournaments using Arkave VR. 

And, in 2019, YDX plans to launch its Game On festival for the new gamers, younger players who have not yet experienced competitive gaming. 

“This is an industry (eSports) fueled by people 10 years of age and older,” Mr. Japiassu said, adding that although it’s a new industry there’s already a substantial number of participants. 

Disclosure: Neither the author nor his family own shares in the company mentioned above.

Source: https://smallcappower.com/expert-articles/esports-investment-opportunity/

Tags: , , , , , , , ,
Posted in Esports Entertainment Group, Esports Entertainment Group Inc., eSports Investing | Comments Off on Esports Entertainment Group $GMBL – #Esports is Playing Out to Be a Big Opportunity for Investors $TECHF $ATVI $TTWO $GAME $EPY.ca $FDM.ca $TNA.ca

Empower $EPW.ca Announces Ticker Symbol Change, New Website and Pending Company Name Change $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca

Posted by AGORACOM-JC at 3:46 PM on Wednesday, April 10th, 2019
  • Empower Clinics Inc. has changed its ticker symbol to CSE: CBDT
  • Proposes to change the Company name to CBD Therapeutics Corporation at the Company annual general meeting in June 2019.

VANCOUVER, April 10, 2019 – EMPOWER CLINICS INC. (CSE: EPW) (Frankfurt 8EC) (“Empower” or the “Company“), a growth oriented, diversified health and wellness company, announces that it has changed the Company’s ticker symbol on the Canadian Securities Exchange (the “CSE“) to CSE: CBDT. The Company also intends to seek shareholder approval for a change of name of the Company to CBD Therapeutics Corporation, and to launch a new Company website at www.empowerclinics.com

In recent weeks, the Company has been re-positioning its overall strategy to become a vertically integrated health and wellness company that connects to its 120,000 patients using a data driven focus to improve patients’ lives with products, technology and health systems.

The Company believes the change of name will allow its patients, customers, shareholders, partners, team members and the investment community to have a simple and clear understanding of the Company’s focus – a brand that is passionate about CBD based therapies, products and treatment options.

The Company’s new ticker symbol, CSE: CBDT, supports the new brand initiative and makes it easier for the Company’s followers in the investment community to associate the Company to its presence in the capital markets.

The Company has also launched a new website that is a better reflection of its health & wellness brand, providing users with a more functional and pleasant experience on desktop and mobile devices. The website will continue to evolve with new content and functionality being added over time, including educational sections, links to an e-commerce store to purchase CBD products, and a directory to the Company’s growing network of clinics.

The Company intends to change the domain name for the website in conjunction with the official name change, after approval of same at the Company’s next annual general and special meeting of shareholders.

“Evolving the business model and brand of the Company has been an imperative initiative for me on behalf of our shareholders, and the announcement of the Company’s ticker symbol change and proposed name change reflects our path going forward,” stated Steven McAuley, Empower’s Chairman and CEO. “We believe the new website will allow us to drive traffic with confidence, knowing our online presence tells the story of our brand and provides users access to our extensive knowledge-base, product offerings and world-class physicians throughout our network of clinics.”

ABOUT EMPOWER

Empower is a leading owner/operator of a network of physician-staffed clinics focused on helping patients improve and protect their health through innovative physician recommended treatment options. It is expected that Empower’s proprietary product line “Sollievo” will offer patients a variety of delivery methods of doctor recommended cannabidiol (CBD) based products in its clinics, online and at major retailers. With over 120,000 patients, an expanding clinic footprint, a focus on new technologies, including tele-medicine, and an expanded product development strategy, Empower is undertaking new growth initiatives to be positioned as a vertically integrated, diverse, market-leading service provider for complex patient requirements in 2019 and beyond.

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 proposed name change; new website; and the expected benefits of same for the Company and its stakeholders. 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 proposed acquisitions and partnerships, including that: the name change may not be approved by the Company’s shareholders or may not be completed; that the website may not operate as expected; 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/April2019/10/c7790.html

Investors: Steve Low, Boom Capital Markets, 647-620-5101; For French inquiries: Remy Scalabrini, Maricom Inc., E: [email protected], T: (888) 585-6274; Investors: Steven McAuley, CEO, [email protected], 604-789-2146Copyright CNW Group 2019

Tags: , , , , , , ,
Posted in Empower Clinics Inc. | Comments Off on Empower $EPW.ca Announces Ticker Symbol Change, New Website and Pending Company Name Change $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca

Tartisan Nickel $TN.ca – #Nickel’s Chance to Shine Again $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca

Posted by AGORACOM-JC at 2:47 PM on Wednesday, April 10th, 2019

SPONSOR: Tartisan Nickel (TN:CSE)  Kenbridge Property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper. Tartisan also has interests in Peru, including a 20 percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property. Click her for more information

Tc logo in black
TN: CSE
Fact Sheet
—————————-

Nickel’s Chance to Shine Agai

  • The production of EVs is still small-scale, and last year they accounted for only 2.5% of global vehicle sales, however the 60% growth YoY was significant.
  • Even with consensus trend of a growth rate of 25-30% in sales a year, the share of EVs will grow steadily. April 9, 2019

By Jim Lennon, Managing Director, Red Door Research Ltd

Historically, nickel has been a boom/ bust metal. Over the past 20 years, we’ve seen one of the most incredible booms in this metal followed by a prolonged bust. However, we think this metal is now on the cusp of another boom, due to the likely switch from internal combustion engines to electric vehicles (powered by high-nickel lithium-ion batteries) in the coming decades.

Since the price boom of 2006/07, it has been a rough time for nickel. As one of the main beneficiaries of the take-off in Chinese demand in the 2000s, nickel quickly came became a victim of its own success. After peaking at an all-time high of over $50,000/t in May 2007, prices fell to below $10,000/t by late-2008. High prices led to Chinese substitution away from the standard 300-series stainless steel, which contains 8% nickel, to 200-series stainless steel, containing only 1-2% nickel.

On the supply side, high nickel prices led to the development of a new source of nickel in the form of nickel pig iron. Nickel pig iron is a cheap alternative to pure nickel, used in the production of stainless steel. It’s made in an energy-intensive way, using blast and electric furnaces, and low-grade laterite nickel ores, mainly from the Philippines and Indonesia. Nickel pig iron now accounts for 35% of global nickel supply, compared to near- zero in 2006.

The low-point for nickel prices came in February 2016, when prices dipped below $8,000/t, resulting in over 80% of the global industry losing cash. Combined market inventories reached almost six months of consumption by the end of 2015, one of the highest levels ever seen in this market.

The combination of large closures of supply (over 200,000t) and a steady recovery in global demand has led to a remarkable recovery in the market over the past three years, with prices at one stage doubling from their lows.

The recovery in the past year or so has been hesitant given the still-high level of inventories hanging over the market, and uncertainties in Indonesian and Filipino government policy.

Despite a large deficit between supply and demand last year, prices were also hit by global macroeconomic concerns, including fears of a Chinese slowdown and the negative impact on global growth from a US-China and US-everyone else trade war.

So far, so good. Nickel prices have recovered to levels that are acceptable to most producers, but they still remain well below levels needed to incentivise investment in the next generation of supply. Nickel supply has become reliant on growth in nickel pig iron to meet incremental demand growth, and production by non-nickel pig iron producers in aggregate has been declining in recent years due to massive under investment in sustaining capital (see chart above).

This would be acceptable if the growth in nickel demand would continue to come mainly from stainless steel, but there is a new kid on the block: batteries. The use of nickel in batteries threatens a major transformation of nickel supply and demand over the next decade.

Last year, primary nickel use in batteries was just below 6% of total nickel demand compared with 70% for stainless steel. So far, the impact of nickel use in batteries on nickel pricing has been small, but that’s about to change – and probably sooner than many think.

Driven by governmental policy and environmental concerns, the switchover of the existing car fleet from internal combustion engines to hybrid, and ultimately fully electric vehicles (EVs), is now under way.

The production of EVs is still small-scale, and last year they accounted for only 2.5% of global vehicle sales, however the 60% growth YoY was significant. Even with consensus trend of a growth rate of 25-30% in sales a year, the share of EVs will grow steadily.

The predominant battery technology, at least for the next decade, is lithium-ion batteries. The big kicker for nickel over the other raw materials in the batteries (cobalt, manganese, lithium and graphite) is that, in order to increase the energy density of the batteries (raising the range between charges) and to reduce cobalt usage (perceived to be overly dependent on the Congo for supplies), the amount of nickel used per battery could easily more than double over the next 5-7 years.

There is massive forecast uncertainty regarding the growth in electric vehicles and the take-up of different battery technologies (see chart below). This is always the case with breakthrough technologies, and history shows that forecasts are almost always too conservative (just look at the move from horses to internal combustion engines, and in the switch from fixed-line phones to mobile phones).

For that reason, we see a skewing of the high-case to the upside. Using the base case forecast, we foresee 440kt growth in nickel use in batteries over the next 10 years. Due to stainless steel’s dominant share of demand, stainless will continue to grow, and the need for new nickel supply in all uses will exceed 1mt, compared with 747kt within the next decade.

The nickel requirements for battery makers are very specific, with the main input being high-purity nickel sulphate. Until now, the main inputs for nickel sulphate production have been nickel-cobalt intermediates from the high-pressure acid leach (HPAL) and nickel leaching processes (nickel-cobalt hydroxides and sulphides), and class 1 nickel powders and briquettes. Class 1 nickel powders and briquettes are preferable to class 1 cathodes, due to their ability to dissolve quickly in sulphuric acid to make nickel sulphate.

We think the bulk of future demand for nickel in batteries will be met by the planned construction of HPAL and its capacity to make nickel-cobalt hydroxides. Projects currently exist in Australia, Turkey, Papua New Guinea, and Indonesia. Demand will also be met by existing nickel powder and briquette producers, who currently sell to the stainless steel industry.

Over the past six months, the nickel market has been rocked by announcements of multiple Chinese investments in Indonesia totalling over 150ktpa of nickel, seemingly at extremely low capital costs (under $20,000/t of nickel capacity) and extremely quick construction times (1-2 years). History suggests that these expectations are too optimistic and that projects built over the past 25 years have a tendency to cost 2-3 times more than original estimates and take 2-3 times longer to build and reach full capacity.

The reality is that all of these projects – and more – will be needed to meet burgeoning demand for nickel for batteries in the 2020s. Nickel prices are likely to rise to the $15-20,000/t range over the next five years as a result of an expected ongoing deficit between supply and demand, and in order to incentivise new investment. Exciting times are ahead for the nickel market.

Source: https://www.theassay.com/base-metals-insight/nickels-chance-to-shine-again/?utm_source=hs_email&utm_medium=email&utm_content=71613403&_hsenc=p2ANqtz-8JIoWa7OqC6R-fKGJOYkC_NK5xdAkGQxL6dSTiVC4tpWg_rth2cXnDXwwqkN8E83Cyk1mecgq1bjNPO6jw7ddOCJUHnA&_hsmi=71613403

Tags: , , , , ,
Posted in All Recent Posts | Comments Off on Tartisan Nickel $TN.ca – #Nickel’s Chance to Shine Again $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca

Bougainville Ventures $BOG.ca Provides Corporate Update $CROP.ca $VP.ca NF.ca $MCOA

Posted by AGORACOM-JC at 1:50 PM on Wednesday, April 10th, 2019
  • Announced that further to the letter of intent entered into a funding and profit sharing agreement with Worm Castings Farms Inc.,
  • Continuing to work with Worm Castings regarding its Hemp assets and is close to finalizing the Definitive Agreement with the principals of Worm Castings

VANCOUVER, British Columbia, April 10, 2019 – BOUGAINVILLE VENTURES INC. (CSE: BOG) (8BV–FF:Frankfurt Stock Exchange) (the “Company“) would like to announce that further to the letter of intent (“LOI”) entered into a funding and profit sharing agreement with Worm Castings Farms Inc., (“Worm Castings”), announced October 29, 2018, the Company is continuing to work with Worm Castings regarding its Hemp assets and is close to finalizing the Definitive Agreement with the principals of Worm Castings. Worm Castings is the sole owner of an Oregon State Hemp production and processing license, issued by the Oregon State Regulatory approval board. Upon finalization of the transaction Worm Castings will be considering a name change from Worm Castings Farms Inc., to a name that better reflects its Hemp production and CBD processing objectives. In addition,Worm Castings is exploring other Hemp and CBD production and processing related opportunities.

President & CEO, Andy Jagpal Comments:  

“The Farm Bill, which went into effect on January 1, 2019, is a monumental step for the hemp industry, and is a historic event which will create a tremendous amount of opportunities for Hemp farmers, like Worm Castings, whose goal is to produce a Cannabidiol (CBD) product used to treat various ailments and improve wellbeing.“

The Company would also like to announce that, in the name of transparency, until the company is profitable management salaries will be capped at $5,000 per month for each of the two operating directors on an accrued basis. In addition, there is a stock option plan for management and administration which will be 1,950,000 shares with a strike price of 25 cents.

Bougainville’s issued and outstanding share figure on the CSE profile has been updated to 58,625,424 to reflect the changes announced in the news release disseminated April 8, 2019 in which 18,125,000 shares were cancelled. The company has issued 577,883 common shares and 492,883 common share warrants as securities for debt owed to consultants.

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.

For more information please visit: 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

Tags: , , , , , ,
Posted in Bougainville Ventures | Comments Off on Bougainville Ventures $BOG.ca Provides Corporate Update $CROP.ca $VP.ca NF.ca $MCOA

North Bud Farms Inc. $NBUD.ca – #Cannabis Infused Food Is the Hottest Trend Currently $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca

Posted by AGORACOM-JC at 10:16 AM on Wednesday, April 10th, 2019

SPONSOR: North Bud Farms Inc. (NBUD:CSE) Sustainable low cost, high quality cannabinoid production and procurement focusing on both bio-pharmaceutical development and Cannabinoid Infused Products. Click Here For More Information

NBUD: CSE

—————

Cannabis Infused Food Is the Hottest Trend Currently

  • Three in four cooks stated that CBD- and hashish-infused meals could be a scorching development this year.

By Richard King

The FDA will not approve of this year’s hot meals pattern. The National Restaurant Association and the American Culinary Federation surveyed 650 skilled cooks concerning the original culinary and restaurant ideas for 2019. Three in four cooks stated that CBD- and hashish-infused meals could be a scorching development this year.

 Cooks’ curiosity in hashish and CBD, a non-psychoactive compound discovered within the hashish plant, doesn’t essentially imply that it’s coming to eating places anytime quickly.

Hashish stays unlawful on the general degree, and solely 10 states have legalized it for leisure functions. Some restaurateurs seeking to get in on the pattern with somewhat less scrutiny have turned to personal supper golf equipment that supplies menus with upscale hashish-infused dishes.

That’s true in Canada too; the place edibles received’t are authorized till October regardless of the nation’s 2018 legalization of marijuana.

Chef Travis Petersen travels throughout Canada internet hosting hashish-infused dinners at Airbnb leases. To remain comparatively underneath the radar, he advertises his dinners on social media. A lot of his diners are “canna-curious” and barely nervous about hashish-infused meals, so, for now, he sticks to utilizing odorless, tasteless hashish oil.

Rich shoppers in states like Colorado and Washington — the place the drug is authorized for leisure use – have additionally turned to personal cooks who focus on cannabis-infused meals, in accordance with Donna Hood Crecca, a principal at Technomic.

In the meantime, most CBD merchandise is federally authorized after President Donald Trump signed the farm invoice again in December. Nonetheless, the Food and Drug Administration prohibits including CBD to meals and drinks as a result of it’s an energetic ingredient in an FDA-authorized drug. The regulator has set its first public hearing on legalizing CBD in food and drinks for May 31.

That hasn’t stopped some eating places from promoting CBD-infused merchandise to reply to client demand. CBD, brief for cannabidiol, is pitched as serving to the physique loosen up without altering the thoughts like THC.

Source: https://foodindustryupdates.com/2019/04/08/271/cannabis-infused-food-is-the-hottest-trend-currently/

Tags: , , , , , , ,
Posted in North Bud Farms Inc | Comments Off on North Bud Farms Inc. $NBUD.ca – #Cannabis Infused Food Is the Hottest Trend Currently $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca

Good Life Networks $GOOD.ca Expands Reach in Mobile Advertising with a Binding Letter of Intent to Acquire #mPlore, a Leading #Mobile Ad Technology Company #Adtech $TTD $RUBI $AT.ca $TRMR $FUEL

Posted by AGORACOM-JC at 9:11 AM on Wednesday, April 10th, 2019
  • Entered into a binding letter of intent to acquire all of the issued and outstanding equity units of mPlore, LLC, a leading mobile content delivery platform based in Texas with operations in Newport Beach, California
  • Clients include Microsoft, Google, Yahoo, and Ericsson
  • Upon completion, the accretive acquisition will add another revenue stream to GLN’s growing platform of advertising solutions.

Vancouver, British Columbia–(April 10, 2019) – Good Life Networks Inc. (TSXV: GOOD) (FSE: 4G5) (“GLN“, or the “Company“), a Vancouver-based programmatic advertising technology company is pleased to announce that it has entered into a binding letter of intent (the “LOI“) to acquire all of the issued and outstanding equity units (the “Units“) of mPlore, LLC (“mPlore“), a leading mobile content delivery platform based in Texas with operations in Newport Beach, California (the “Transaction“). GLN will acquire the Units for an aggregate purchase price of US$7,000,000, subject to adjustments.

The acquisition of mPlore will allow GLN to access the growing mobile advertising segment and capitalize on mPlore’s cutting edge mobile platforms used to deliver content, mobile apps, mobile search and advertising solutions to consumers. Established in 2015, mPlore currently works with tier-one mobile carriers like T-Mobile and Sprint along with OEM (Original Equipment Manufacturer) device manufacturers worldwide to deliver solutions to market. mPlore’s clients include Microsoft, Google, Yahoo, and Ericsson. Upon completion, the accretive acquisition will add another revenue stream to GLN’s growing platform of advertising solutions.

“Following the success of our recent Net Applications R&D project, providing on page advertising technology to consumer’s mobile devices, we are excited to announce the acquisition of their mobile division, mPlore,” said Jesse Dylan, CEO of GLN. “mPlore is a leader in mobile ad technology, with a suite of innovative products targeting mobile users. According to the IAB’s (Interactive Advertising Bureau), Canadian Media Usage Study, 91% of adults 18-34 access the internet on their mobile device and we are thrilled to expand our revenue opportunities into one of the fastest growing segments, mobile advertising.

“It is predicted that the mobile ad spend will surpass all traditional media combined by 2020 (1),” stated mPlore Chairman, Pete Wilson. “Our technology combined with GLN’s will allow us to expand and capitalize on the exciting advertising opportunities available as more and more consumers view content on their mobile device.”

Under the terms of the LOI, consideration for the Units will consist of the following:

  1. US$2,850,000 in cash, payable to the Unit holders of mPlore upon closing of the Transaction;
  2. a performance earn-out of up to US$2,100,000 in cash based on mPlore achieving mutually agreeable benchmarks over 24 months (terms to be disclosed upon signing the Definitive Agreement); and
  3. a performance earn-out of up to US$2,100,000 in common share purchase warrants of the Company (“Warrants“) payable upon mPlore achieving mutually agreeable benchmarks, over 24 months (terms to be disclosed upon signing the Definitive Agreement) based upon the greater of (i) the 10-day volume weighted average trading price of the Company’s common shares on the TSX Venture Exchange (the “TSXV“) immediately prior to the date of issuance; and (ii) the lowest price permitted by the policies of the TSXV.

The LOI contemplates the parties acting in good faith to finalize and enter into a definitive share purchase agreement (the “Definitive Agreement“) within one-hundred and twenty (120) days from the execution of the LOI. The LOI was negotiated at arm’s length.

The closing of the Transaction will result in the termination of a research & development agreement entered into by GLN and Net Applications Holdings LLC (“Net Applications“) in 2018. mPlore is the mobile division of Net Applications.

The closing of the Transaction is conditional upon the Board of Directors and TSXV approval and the satisfaction of customary closing conditions to be contained in the Definitive Agreement.

About mPlore

mPlore is a division of Net Applications, a leader in digital performance solutions by enhancing impression quality and brand safety. Established in 2015, mPlore is a mobile content delivery platform which delivers a suite of products including, mobile search, content, mobile data and ad delivery to its clients. mPlore allows clients to target, display, market, deliver and monetize content and advertising to mobile device users.

The GLN Story

GLN’s patent pending technology is the engine that sits between advertisers and publishers. A highlight of GLN’s tech is that it does not collect PII (Personal Identifiable Information). Built for cross device video advertising: Mobile, In-App, Desktop and CTV (Connected Television) the GLN Programmatic Video Advertising Platform has among the lowest fraud rates of similar vendors in the industry. Advertisers make more money by reaching their target audience more effectively. GLN makes money by retaining a percentage of the advertiser’s fee.

GLN is headquartered in Vancouver, Canada with offices in Newport Beach and Santa Monica California, New York and UK and trades on the TSXV under the stock symbol “GOOD” and The Frankfurt Stock Exchange under the stock symbol 4G5. For further information on the Company, visit www.glninc.ca

(1)https://www.emarketer.com/content/mobile-ad-spending-to-surpass-all-traditional-media-combined-by-2020

CONTACT

Investor Relations
[email protected]

Jesse Dylan, CEO
604 265 7511

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.

Forward Looking Statements:

Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs regarding future events of management of GLN. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to the Company’s acquisition of mPlore. These statements generally can be identified by use of forward-looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. Important factors that may cause actual results to vary include without limitation, risks relating to the timing of the acquisition of mPlore, successful completion of the acquisition of the Units, execution of the Definitive Agreement, the number of securities of GLN that may be issued in connection with the Transaction; GLN realizing on the anticipated value of acquiring the Units, GLN maintaining its projected growth, approval of the TSXV and general economic conditions or conditions in the financial markets.

In making the forward‐looking statements in this news release, the Company has applied several material assumptions, including without limitation that the integration with mPlore’s technology will be successfully completed in the time expected by management and will generate the anticipated revenue and expand GLN’s global reach per management’s expectations. GLN does not assume any obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements, unless and until required by applicable securities laws. Additional information identifying risks and uncertainties is contained in GLN’s filings with the Canadian securities regulators, which filings are available at www.sedar.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43993

Tags: , , , , ,
Posted in Good Life Networks | Comments Off on Good Life Networks $GOOD.ca Expands Reach in Mobile Advertising with a Binding Letter of Intent to Acquire #mPlore, a Leading #Mobile Ad Technology Company #Adtech $TTD $RUBI $AT.ca $TRMR $FUEL

North Bud Farms Inc. $NBUD.ca – Study Says Canadian Cannabis Market Could Reach $5.2B By 2024: 4 Provinces To Watch $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca

Posted by AGORACOM-JC at 5:13 PM on Tuesday, April 9th, 2019

SPONSOR: North Bud Farms Inc. (NBUD:CSE) Sustainable low cost, high quality cannabinoid production and procurement focusing on both bio-pharmaceutical development and Cannabinoid Infused Products. Click Here For More Information

NBUD: CSE

—————

Study Says Canadian Cannabis Market Could Reach $5.2B By 2024: 4 Provinces To Watch


Alex Oleinic , Benzinga Staff Writer  


  • In 2018, legal cannabis spending grew by 65 percent to $569 million.
  • Through legalizing adult-use cannabis, Canada created a market that covers nearly 30 million consumers.

On Oct. 17, 2018, Canada made history by becoming the first G7 country and the second country overall to legalize adult-use cannabis.

Yet the rollout of legal Canadian cannabis was fraught with shortages, a limited retail presence and poor product selection. 

In 2018, legal cannabis spending grew by 65 percent to $569 million. In the last two and a half months of 2018, adult-use sales reached $112.5 million, falling short of estimates.

Canadian spending on medical marijuana alone in 2017 grew by 84 percent to $330 million.

In a fairly short period of time, Canada has become the home to cannabis companies like Aurora Cannabis Inc. ACB 2.38%, Canopy Growth Corp CGC 2.17%, Tilray Inc. TLRY 0.56%, Cronos Group, Inc. CRON 0.8% that have risen to become the largest cannabis companies in capitalization terms. 

These firms are expanding their presence not just in Canada, but in other countries, either through exports or by establishing full-scale cultivation and distribution operations. No matter what occurs in the Canadian cannabis market, these companies have already established themselves as global leaders.

Provincial Rules, Regulations Are Key 

Through legalizing adult-use cannabis, Canada created a market that covers nearly 30 million consumers.

Shortages weren’t completely unexpected, given that the medical market had only included around 360,000 people.

The Canadian government allowed provinces to figure out how to deal with the legalization and consumption of cannabis.

Stricter rules in some provinces mean that overall cannabis spending might be affected, with more consumers continuing to access the illicit market and its lower prices.  

In a new report, Arcview Market Research and BDS Analytics project the legal cannabis market in Canada could reach $5.2 billion by 2024, with the bulk of the figure representing adult-use sales ($4.8 billion).

Arcview and BDS Analytics issued a province-by-province breakdown, to show that not only the role the population plays in the cannabis market’s size, but how regulations and the environment created by local government should also be taken into account.

Four Key Provinces

Arcview and BDS identified four main provinces that they project will dominate the market in spending in 2024: Ontario, Alberta, Quebec and British Columbia. These provinces will account for 85 percent of the market by 2024 versus around 82 percent in 2018, according to the report.

While Ontario is the largest market due to its high population and favorable business environment, Alberta is the second-largest, despite having the lowest population of the four provinces, the research firms said. 

Quebec is the second-largest province in terms of population, but ranks fourth in terms of market share. This figure is not only due to regulations, but also due to very low number of consumers.

Let’s take a closer look at how the cannabis market is projected to develop in each of these four provinces and the main factors affecting that growth. 

Ontario

Ontario is Canada’s most populous province, with 14.4 million people. At the same time, 26 percent of the population identifies themselves as cannabis consumers and 31 percent as acceptors, or people who would consider consuming in the future, according to BDS Analytics’ Consumer Insights. The Ontario cannabis market is expected to exceed $2 billion, with adult-use consumption accounting for $1.8 billion.

The province also has some of the more permissive rules regarding cannabis consumption. Smoking and vaping is allowed in public areas like parks and at designated rooms at hotels, motels and inns. Other than those provisions, public use is regulated in the same way as tobacco.

Another major factor that will help Ontario’s cannabis market growth: changes at the retail level. The government-run Ontario Cannabis Store is being replaced with private retailers, and officials have not set a cap on licenses, although they estimate between 500 and 1,000 locations will eventually open across the province.

Alberta

Alberta is Canada’s fourth-most populous province, with around 4.3 million people in 2018. Since legalization and through the end of 2018, the province registered 28 percent of the total cannabis sales in the country.

The province has a higher-than-average number of consumers (27 percent) and acceptors (32 percent), BDS and Arcview said.

In Alberta, adult-use cannabis is available to people above 18 years of age versus 19 years in Ontario and British Columbia.

The main factor helping Alberta’s cannabis market is the favorable business environment. Following legalization, regulators in Alberta quickly allowed private retailers to enter the market. Two hundred adult-use stores are expected in Alberta, compared to an average of 50 stores in other provinces.

Quebec

Quebec is expected to represent less than 14 percent of the Canadian cannabis market in 2024.

Even though it’s the second-largest province in terms of population, only 20 percent of residents are consumers and it is home to just 3 percent of registered medical patients. Quebec is reportedly considering raising the legal age of consumption fro 18 to 21. Total cannabis spending is expected to reach $704 million in 2024.

Quebec has stricter distribution regulations. Retail is conducted through Société Québécoise du cannabis, which initially opened just 12 stores and doesn’t conduct any advertising. To deal with shortages, SQDC limited the days of operation to Thursday through Saturday, although online sales remain open at all times.

British Columbia

Even though its population is much smaller than Quebec’s  —5 million vs. 8.3 million — British Columbia is projected to amass 14% of total Canadian cannabis spending in 2024, slightly more than in Quebec. Legal sales are expected to reach $722 million by 2024.

Retail sales in British Columbia are conducted both through province-run and private stores. Earlier this year, the British Columbia Liquor Distribution Branch, which is the sole wholesale distributor of non-medical cannabis, partnered with 31 large licensed producers, including Canopy Growth, which operates the largest cannabis greenhouse in the world in the province.

What To Keep In Mind

While provincial regulations may slow down cannabis market growth in Canada, it’s still poised to grow at at an impressive rate, as more products become available sometime later this year and more retailers are allowed to set up locations across provinces.

In the meantime, the legalization of adult-use cannabis in Canada and a regulatory system that gives some degree of leeway to provinces or even municipalities are providing a case study to the rest of the world to see which approaches work best at ensuring safety and quality — and which should be avoided.

Source: https://www.benzinga.com/markets/cannabis/19/04/13504767/study-says-canadian-cannabis-market-could-reach-5-2b-by-2024-4-provinces-to-watch

Tags: , , , , , ,
Posted in All Recent Posts, North Bud Farms Inc | Comments Off on North Bud Farms Inc. $NBUD.ca – Study Says Canadian Cannabis Market Could Reach $5.2B By 2024: 4 Provinces To Watch $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca

ThreeD Capital Inc. $IDK.ca – #Blockchain Could Be Used By At Least 50% Of All Companies Within 3 Years, Oracle $ORCL Exec Says $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 12:00 PM on Tuesday, April 9th, 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 large
——————-

Blockchain Could Be Used By At Least 50% Of All Companies Within 3 Years, Oracle Exec Says

  • “My projection is that between 50%-60% of companies will use blockchain in the next few years,” said Frank Xiong, Oracle group vice president of blockchain product development at the Forbes CIO Summit in Half Moon Bay, California, Monday.

Monica Melton

Ten years after the idea of blockchain was conceived, the technology that underpins cryptocurrencies is starting to be used by large enterprises as a secure way to track goods. But mass utilization is still years away, and it won’t be for every company, said a panel of blockchain executives.

“My projection is that between 50%-60% of companies will use blockchain in the next few years,” said Frank Xiong, Oracle group vice president of blockchain product development at the Forbes CIO Summit in Half Moon Bay, California, Monday.

The enterprise software maker has more than 100 customers using its blockchain platform to track items for reasons such as ensuring the Italian olive oil you’re buying was really made in Italy, or that a manufacturer isn’t buying minerals that support armed conflicts. But it’s not a magic bullet. “We’re past the stage that blockchain can cure everything, so people are becoming more realistic about what’s good for their business model,” he said.

Blockchain is a kind of shared database that allows users to share identical copies of information on many computers. In the past few years, it’s gone from largely supporting virtual currencies like bitcoin to a tool used by companies to more closely and accurately track products or private information that pass through many hands.

Despite the buzz, uptake is still early. Large technology companies like IBM and shipping giant Maersk, and Oracle, have formed consortia around their blockchains, and many efforts are still in the pilot stage. Others, such as $3 billion logistics startup Flexport, say they’re waiting for global standards before they jump in.

In deciding whether to use blockchain, companies should do a pain point assessment, two executives said. Like any venture, they should figure out if it’s worth the cost.

“At the end of the day blockchain makes multipart collaboration more efficient, whether it’s having a consortium to track data on counterfeit getting into supply chains, or how much inventory you need to create a better forecast,” said Ted Kim, vice president in blockchain at Samsung SDS, a unit of the electronics manufacturer that provides IT services, including a pilot projects to track cargo from Korea to Europe using blockchain. He expects in three years, 20% of companies will be using blockchain. “There is tangible ROI in the blockchain.”

Yet even in a world where blockchain is much more widespread, some aspects may resemble today’s commerce system more than blockchain’s evangelists forecast.

“People are predicting that the blockchain will allow people to be decentralized, that everyone will have distributed trusted networks,” said Daniel Jones, CEO of bext360, a software startup that keeps track of commodities by identifying and making an electronic token. “I don’t think that’s possible —I think what we’re going to see is companies vertically integrating, the Amazons of the world are going to continue to vertically integrate to the farm level.”

From left: Laura Mandaro, Forbes Media, Jones, Bext360 Ted Kim, Samsung SDS America Frank Xiong, Oracle, CIO Summit 2019 Forbes Media

Source: https://www.forbes.com/sites/monicamelton/2019/04/09/blockchain-could-be-used-by-at-least-50-of-all-companies-within-3-years-oracle-exec-says/#4468f55355cf

Tags: , , , , , ,
Posted in Bitcoin, Blockchain stocks, Canadian Blockchain Stocks, Smallcap Blockchain stocks, ThreeD, ThreeD Capital | Comments Off on ThreeD Capital Inc. $IDK.ca – #Blockchain Could Be Used By At Least 50% Of All Companies Within 3 Years, Oracle $ORCL Exec Says $HIVE.ca $BLOC.ca $CODE.ca

PyroGenesis’ $PYR.ca DROSRITE™ System Independently Validated by A World Leading Primary Aluminum Smelter $LMT $RTN $NOC $UTX $HPQ.ca $DDD.ca $SSYS $PRLB

Posted by AGORACOM-JC at 10:55 AM on Tuesday, April 9th, 2019
  • Announced today that its DROSRITE™ System has been validated by a world leading primary aluminum smelter as part of the process towards adopting the technology for use
  • After a preliminary due diligence of a system in operation at one of PyroGenesis’ client’s facility, a process analysis was performed to validate its viability.

MONTREAL, April 09, 2019  — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V: PYR) (OTCQB: PYRNF) (FRA: 8PY), a TSX Venture 50® high-tech company, (the “Company”, the “Corporation” or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch  products, announced today that its DROSRITE™ System has been validated by a world leading primary aluminum smelter (the “Smelter”) as part of the process towards adopting the technology for use. After a preliminary due diligence of a system in operation at one of PyroGenesis’ client’s facility, a process analysis was performed to validate its viability.

PyroGenesis’ DROSRITE™ system is a proven, salt-free, cost-effective, sustainable process for maximizing metal recovery from dross, a waste generated in the metallurgical industry. PyroGenesis’ patented process avoids costly loss of metal, while reducing a smelter’s carbon footprint and energy consumption, thus providing a high return on investment. The system has been designed to process and recover valuable metals such as aluminum, zinc and copper from dross. PyroGenesis sells DROSRITE™ systems, and provides tolling services worldwide. A tolling service arrangement is one in which a smelter provides dross to a third party to be processed for a fee either on or off site.

PROCESS VALIDATION BY A WORLD LEADING PRIMARY ALUMINUM SMELTER

“The Smelter is one of the most well respected and competitive primary aluminum smelters in the world to which other smelters in the industry look to for guidance. This report is the most significant development since receiving the first DROSRITE™ sale,” said Mr. David D’Aoust, Sales Manager – DROSRITE™ of PyroGenesis. “The report effectively confirms the capabilities of the DROSRITE™ system which we have been advertising and, in part, mitigates the normal concerns a new technology has when penetrating a marketplace.”

ACCELERATING DROSRITE™ SYSTEM’S MARKET PENETRATION

“This is a very important development for PyroGenesis’ DROSRITE™ system as it is timely in that our business development team and Japanese partner continue to advance DROSRITE™ opportunities with some of the largest primary aluminum smelters around the world,” commented Mr. P. Peter Pascali, President and CEO of PyroGenesis. “Seen as a leader amongst leaders, this Smelter is looked upon as an example to follow within the industry. The Smelter continuously demonstrates its commitment to be more sustainable and responsible in its own operations and DROSRITE™, being a salt-free and environmentally-friendly process, integrates itself well with the Smelter’s environmental objectives.”

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc., a TSX Venture 50® high-tech company, is the world leader in the design, development, manufacture and commercialization of advanced plasma processes and products. We provide engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, advanced materials (including 3D printing), oil & gas, and environmental industries. With a team of experienced engineers, scientists and technicians working out of our Montreal office and our 3,800 m2 manufacturing facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. Our core competencies allow PyroGenesis to lead the way in providing innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. Our operations are ISO 9001:2015 certified, and have been since 1997. PyroGenesis is a publicly-traded Canadian Corporation on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace. For more information, please visit www.pyrogenesis.com

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward- looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Corporation’s current expectation and assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Corporation with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Corporation’s ongoing filings with the securities regulatory authorities, which filings can be found at www.sedar.com, or at www.otcmarkets.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Corporation undertakes no obligation to publicly update or revise any forward- looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws. Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the OTCQB accepts responsibility for the adequacy or accuracy of this press release.

SOURCE PyroGenesis Canada Inc.

For further information please contact: Clémence Bertrand-Bourlaud, Marketing Manager/Investor Relations, Phone: (514) 937-0002, E-mail: [email protected]  

RELATED LINKS: http://www.pyrogenesis.com/

Tags: , , , ,
Posted in All Recent Posts, PyroGenesis Canada Inc. | Comments Off on PyroGenesis’ $PYR.ca DROSRITE™ System Independently Validated by A World Leading Primary Aluminum Smelter $LMT $RTN $NOC $UTX $HPQ.ca $DDD.ca $SSYS $PRLB

Enthusiast Gaming $EGLX.ca Acquires Significant Interest in Waveform Entertainment, a Leading Esports Operator and Tournament Producer $EPY.ca $FDM.ca $WINR $TCEHF $ATVI $TNA.ca

Posted by AGORACOM-JC at 9:32 AM on Tuesday, April 9th, 2019
  • Producers of major esports events in Canada including Dreamhack, GOML, Cineplex, CNE, WESG (EGLX)
  • Partners with major brands and sponsors including Ubisoft, NXNE, AMD, CSL
  • Strategic partnership expands Enthusiast’s client services to include experiential advertising, esports tournaments, and broadcast and production capabilities

TORONTO, April 09, 2019 — Enthusiast Gaming Holdings Inc. (TSXV: EGLX) (OTCQB: EGHIF) (“Enthusiast” or the “Company”) is pleased to announce that it has, through a wholly-owned subsidiary, signed a definitive agreement to purchase 20% of the issued and outstanding shares (“Purchased Shares”) in Waveform Entertainment Inc. (“Waveform”) for an aggregate consideration of $1,680,000 (the “Subscription Price”). Waveform is a leading esports broadcast and production company specializing in the organization of premium esports tournaments world-wide. Enthusiast has also secured an irrevocable option, at its sole discretion, to acquire a 100% interest in Waveform. (the “Buy-Out Option”).

While Waveform was established in 2018, its team has been on the leading edge of esports event production and broadcast for several years, servicing some of the world’s most prestigious esports tournaments and events including Dreamhack, Cineplex WorldGaming, and Enthusiast owned, EGLX.

“Investing in Waveform will contribute greatly to the expansion of EGLX and our events business. Waveform’s infrastructure and expertise are key for the roll out of the Rising Star Series and upcoming esports tournaments at EGLX in the future,” commented Menashe Kestenbaum, CEO of Enthusiast. “We were very impressed by the organization of our esports tournaments at EGLX in October 2018 and we see significant growth potential as esports continue to soar.”

Waveform was responsible for the broadcast, production and execution of Canada’s largest esports tournament, WESG Canadian Finals at EGLX in October 2018. Enthusiast will continue to partner with Waveform as EGLX executes on its North American expansion plan and introduces the Rising Stars Series this summer.  Waveform will provide the infrastructure, broadcast and event support to drive the expansion and continued growth of EGLX in 2020.

As esports continues to grow with $1.1bn in projected revenues in 2019,(1) large brands are entering the industry by sponsoring esports teams and championing their own activations.  Waveform has partnered with major brands including Evil Geniuses, Virtus Pro, Ubisoft, AMD, Asus, Team Liquid and more.  The investment into Waveform will help Enthusiast’s mission to reach gamers both online and offline. The Company will provide digital advertising and experiential marketing opportunities to major brands and publishers, increasing visibility and event attendance.  The partnership enables Enthusiast’s event business to increase its client services portfolio to include event production, broadcast, streaming services and creative experiential brand ambassadorship programs. In turn, the partnership also allows Enthusiast’s platform to promote Waveform’s business and portfolio of large brands and help them drive new partnerships moving forward.

Terms of Transaction

The Purchased Shares will be purchased pursuant to the terms of a share subscription agreement (the “Agreement”), among Waveform and a wholly owned subsidiary of Enthusiast created for the purpose of the transaction. Pursuant to the Agreement, Enthusiast agreed to purchase the Purchased Shares in three tranches: (i) on April 4, 2019, Enthusiast purchased 40.5% of the Purchased Shares for a portion of the Subscription Price, being $680,000.00; (ii) Enthusiast agreed to purchase, on or before (as decided by Enthusiast) October 4, 2019, 29.75% of the Purchased Shares for a portion of the Subscription Price, being $500,000.00; and (iii) Enthusiast agreed to purchase, on or before (as decided by Enthusiast) June 3, 2020, 29.75% of the Purchased Shares for a portion of the Subscription Price, being $500,000.00. On the date Waveform and Enthusiast entered into the Agreement, they also entered into a Shareholders’ Agreement for Waveform (the “Shareholders’ Agreement”). The aggregate purchase price for all Waveform’s shares, if the Buy-Out Option is exercised by Enthusiast shall be equal to the greater of: (i) four (4) times Waveform’s gross revenue (as defined in the Shareholders’ Agreement), multiplied by eighty percent (80%); or (ii) $7,680,000 (the “Option Purchase Price”). The Option Purchase Price will be subject to agreed adjustments.

The purchase of the Purchased Shares on the two remaining tranches, as well as the exercise of the Buy-Out Option (if exercised by Enthusiast) are subject to obtainment of all applicable regulatory approvals (including by the TSX Venture Exchange).

About Enthusiast Gaming

Founded in 2014, Enthusiast is 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 over 55,000 people attending in 2018. For more information on the Company, visit www.enthusiastgaming.com.

(1) NewZoo: https://newzoo.com/insights/articles/newzoo-global-esports-economy-will-top-1-billion-for-the-first-time-in-2019 

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.

Tags: , , , , , , , ,
Posted in All Recent Posts, Featured | Comments Off on Enthusiast Gaming $EGLX.ca Acquires Significant Interest in Waveform Entertainment, a Leading Esports Operator and Tournament Producer $EPY.ca $FDM.ca $WINR $TCEHF $ATVI $TNA.ca

« Older Entries
Newer Entries »