Posted by AGORACOM-JC
at 9:00 PM on Monday, June 24th, 2019
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Ontario cannabis sales more than doubled after stores started to open
Under the online system, sales ranged between $7 million and $8 million a month.
With even a few stores opening, that number quickly soared, reaching $19.6 million for April.
Legal cannabis sales more than doubled in Ontario in April, after stores started to open, data released Friday by Statistics Canada shows.
Ontario was the only province to only offer online cannabis sales until April 1, when a handful of stores opened.
Under the online system, sales ranged between $7 million and $8
million a month. With even a few stores opening, that number quickly
soared, reaching $19.6 million for April.
On a per capita basis, Ontarians spent between 50 and 60 cents a
month on legal cannabis from December through March, but $1.36 in April.
That still puts Ontario’s per capita cannabis sales at the
second-lowest in Canada (in terms of dollars spent, Ontario sales are
now Canada’s highest, passing Quebec and Alberta in April).
Ontario had a much slower rollout of legal stores than other
provinces. The previous Liberal government had planned for a network of
government-run stores similar to the province’s liquor store network.
That plan had made some progress before an incoming PC government
changed plans to one based on privately owned stores with the owners
selected by lottery.
The first of a group of 25 stores opened in April, though not all of
those who won the lottery were in a position to open on April 1.
Experts we talked to
said it’s important to people to be able to see and smell the product.
And new or returning users may want to get advice and information from a
real person at a store.
“People want to be able to understand, from people they can
trust, how this is going to taste and feel, and how it will make them
feel.†said Deepak Anand, CEO of Materia Ventures, a cannabis supply and
distribution company.
But one of the most important things was the ability to use cash.
“You have to share your ID in a store, but one you’ve done
that, there’s no record of you having been there,†said Brock University
business professor Michael Armstrong. “You could pay in cash and walk
out the door with your plain paper bag.â€
“The personal information of cannabis users is … very
sensitive,†the statement said. “For example, some countries may deny
entry to individuals if they know they have purchased cannabis, even
lawfully.â€
Posted by AGORACOM-JC
at 10:05 AM on Monday, June 24th, 2019
Enthusiast Gaming Live Inc. it has partnered with MSI to be a prize sponsor at Enthusiast Gaming Live Expo in October 2019
MSI is a world leading gaming brand, and one of the most trusted hardware providers in gaming and esports.
Additional to being a prize sponsor, MSI will also bring an activation to the show floor during the three day expo.
TORONTO, June 24, 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, is excited to announce that through its subsidiary, Enthusiast Gaming Live Inc. (“EGLiveâ€) it has partnered with MSI to be a prize sponsor at Enthusiast Gaming Live Expo (“EGLXâ€) in October 2019. MSI is a world leading gaming brand, and one of the most trusted hardware providers in gaming and esports. Additional to being a prize sponsor, MSI will also bring an activation to the show floor during the three day expo.
Melanie Azagury, Manager, EGLX, commented, “As
EGLX continues to grow, we continue to engage and partner with the
leading brands in the industry. Our goal at EGLX is to provide the best
in-person experience for our gaming communities, fans, and competitors,
and the partnership with MSI enables us to include the most sought-after
gaming hardware to our growing prize pools.â€
EGLX will be hosting a number of smaller sub tournaments throughout
the expo including popular games such as Fortnite, Apex Legends and
Super Smash Brothers. These drop-in tournaments will allow the general
attendees to compete with other players and the tournament champions
will receive various cash and MSI prizes such as, MSI gaming chairs,
personal computers, monitors and laptops. MSI will also be showcasing
their latest products in their activation booth.
Marketing Manager, MSI, Julia Chen added, “EGLX
is one of the best Canadian destinations for gamers and players to have
the ultimate gaming experience and MSI is thrilled to be a part of it.
We are excited to showcase our new products as well as a prize partner
at EGLX 2019. Our portfolio could not align more with these communities
of lifestyle gamers, It’s an excellent fit for us.â€
Tickets to EGLX 2019 will be on sale this summer. More information can be found at eglx.ca. To learn more about sponsorship or exhibit space at EGLX 2019, reach out to [email protected].
About Enthusiast Gaming
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 organic and acquisition
strategy, it has amassed a platform of over 150 million monthly
visitors across its network of websites and YouTube channels. Enthusiast
also owns and operates Canada’s largest gaming expo, Enthusiast Gaming
Live Expo, EGLX, (eglx.ca) with approximately 55,000 people attending in 2018. For more information on the Company, visit www.enthusiastgaming.com.
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.
Edtech companies to draw in $500 million in VC, PE funding in 2019
Educational technology companies are likely to attract $500 million in venture capital and private equity funding this year, experts say, as the untapped market for online learning gives enough room for these companies to scale up.
Educational technology companies are likely to attract $500 million
in venture capital and private equity funding this year, experts say, as
the untapped market for online learning gives enough room for these
companies to scale up.
Ed-tech companies, dominated by players such as Byju’s, Upgrad,
Toppr, Extramarks and Simplilearn, have attracted more than $1billion in
investment over the last two years.
These companies, along with Unacademy, CueMath, Meritnation,
Imarticus and Vedantu, have not only made significant headway in
expanding footprint in India but are also eyeing the overseas market. A
bunch of companies from this list is further looking to raise more
investments from VCs and PEs.
“Almost $1billion was invested in 2018 alone, with Byju’s taking the
lion’s share of about $500 million, followed by Embibe receiving about
$180 million,†said Amitabh Jhingan, partner, EY-Parthenon. “Based on
the observed flow in edtech, we can expect $0.5-0.75 billion to be
invested in the coming year.â€
Byju’s, one of the big ones in this space, is also hungry for more
capital. “We will raise more funds, if needed, for expansion,†said
Mrinal Mohit, ITS chief operating officer, adding that Byju’s is looking
to become a leading ed-tech player globally. Vedantu received
$11million in its last round from Accel Partners, Tiger Global, Omidyar
Networks and TAL. “We will be using the funds to scale our business and
are open to funding,†CEO Vamsi Krishna said.
The ed-tech industry is expected to touch about $2 billion in India
by 2021, industry trackers said. “PE/VC funds continue to be interested
across sub-segments of the space (K-12, reskilling and upskilling, test
preps, etc). India is an underpenetrated market in the ed-tech space and
is ripe for disruption,†said Ankur Pahwa, Partner and National Leader,
e-commerce and consumer internet, EY India. “India is no doubt set to
be one of the leading players in the global ed-tech space with
innovation taking centre-stage.
Posted by AGORACOM-JC
at 8:37 AM on Monday, June 24th, 2019
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—————
Deloitte: Canada on verge of CA$2.7 billion infused cannabis market
Canada is on the cusp of prying open a market for edibles and alternative cannabis products valued at 2.7 billion Canadian dollars ($2 billion)
Deloitte’s 2019 Cannabis Report calls the new wave of products “Cannabis 2.0â€
Says there is “significant opportunity†in soon-to-be legal markets for marijuana-infused beverages (CA$529 million), topicals (CA$174 million), concentrates (CA$140 million), tinctures (CA$116 million) and capsules (CA$114 million).
Canada
is on the cusp of prying open a market for edibles and alternative
cannabis products valued at 2.7 billion Canadian dollars ($2 billion),
but sales will begin as “a slow burn†come October before gaining
momentum, Deloitte estimates.
For
its third annual report on Canada’s cannabis industry, Deloitte
conducted in-person interviews with cannabis industry experts, an online
survey of 2,000 adults and utilized a strategic alliance with data and
analytics provider Headset.
Regulations
permitting cannabis edibles, extracts and topicals are legislated to
come into force no later than Oct. 17, 2019, although experts have warned against expecting a large rollout of most products until 2020.
The final regulations outlining the rules for the new market could be published as soon as June 26.
Deloitte’s
2019 Cannabis Report calls the new wave of products “Cannabis 2.0†and
says there is “significant opportunity†in soon-to-be legal markets for
marijuana-infused beverages (CA$529 million), topicals (CA$174 million),
concentrates (CA$140 million), tinctures (CA$116 million) and capsules
(CA$114 million).
The
report comes with the sober prediction that the number of Canadian
licensed producers will fall to almost half the current level. As of
March 30, there were 179 federal license holders (all classes) and
another 579 applications were pending in Health Canada’s queue for standard licenses.
The
report will help businesses “understand Canadian consumer sentiment on
cannabis edibles and other alternative products coming with Cannabis 2.0
legalization.â€
“We
offer our perspective on how companies can win in the cannabis market
while the industry is still forming,†according to the report’s authors.
“Our
research suggests that the new alternative cannabis products becoming
legal in late 2019 will be a significant opportunity for players in the
cannabis market. The new options will address consumer interest among
current and likely Canadian cannabis consumers.
“We
believe that cannabis players need to build strong business
fundamentals as the regulatory and business environment settles,
requiring patience, perseverance and confidence – along with a
well-developed business strategy backed up by hard data.â€
Cannibalization
Alcohol makers with no or little exposure to the cannabis industry may have reason to worry.
One-third of likely cannabis consumers see marijuana-infused beverages as an alternative to alcohol, according to Deloitte.
That could further fuel anxiety among beer makers such as Denver-based Molson Coors, which recently warned shareholders that the rising tide of legal cannabis could take a bite out of the company’s profits.
Could “Cannabis 2.0†cannibalize sales of marijuana products already on the market?
“Not yet,†according to Deloitte’s research.
“Fewer
than one in five current or likely respondents say their edibles
spending would replace spending on other products,†the report
continued.
“Nearly
half say they’ll buy edibles as well as the products they’re already
buying – and a similar proportion aren’t sure. This suggests that
Canada’s domestic cannabis market has room to grow.â€
Consumer
spending on infused beverages will probably complement their purchases
of other marijuana products, according to Deloitte’s survey, which found
that 53% of likely consumers and 44% percent of current consumers say
they will buy beverages in addition to other products.
Competitive advantage
Innovation
and scientific research are going to be key if Canadian marijuana
companies want to maintain their competitive advantage over the long
term.
The report surmises that the “enormous†global cannabis opportunity is Canada’s to seize.
How enormous? Deloitte estimates the top cannabis markets are worth $100 billion today and will rise to $194 billion by 2025.
“Canada’s
cannabis cultivators, processors, testers and retailers continue to
have important competitive advantages over their counterparts in more
restrictive jurisdictions – but first-mover advantage has a shelf-life,â€
according to the 2019 Cannabis Report.
The
report urges Canadian firms to move fast to secure market share in
countries that legalize or decriminalize recreational and medical
cannabis.
“Canada
has a unique opportunity to demonstrate how to roll out cannabis
effectively and safely while managing and aligning stakeholders’
expectations.â€
Later,
as the global cannabis market matures, Canada will “inevitably†lose
its advantage in certain parts of the value chain, notably cultivation,
the report states.
M&A ‘wild west’
In 2018, there were over 700 transactions in the cannabis sector.
Deloitte
believes such a frantic pace of M&As will continue for the time
being, fueled by strong growth potential for legal edibles and infused
products as well as international expansion and growing interest from
alcohol, tobacco, pharmaceutical and consumer packaged goods companies.
However,
“as the industry matures, we expect M&A activity to slow and
valuations to normalize. There will likely be some consolidation in the
Canadian industry to absorb excess capacity, and there is an expectation
that the number of Canadian licensed producers will fall to almost half
the current level,†according to Deloitte’s report.
“These traditional companies will bring scale, brand and immense customer insights to bear on cannabis.â€
As
for valuations, Deloitte says they are likely to remain “elevated†for
now, influenced by “historically higher valuations in prior
transactions.
“The
‘gold rush’ sentiment surrounding the cannabis sector is another factor
playing a role in the valuations we’re seeing, if a less rational one.â€
Other takeaways from Deloitte’s 2019 Cannabis Report:
Companies
looking to set themselves apart in an increasingly crowded industry
should develop or acquire new intellectual property, from technology to
genetics.
Cannabis topicals – including lotions, salves, gels, and creams – are “poised to muscle in on prescription medication’s turf.â€
34% of likely marijuana consumers expect to use cannabis lotions every two weeks or more.
Posted by AGORACOM-JC
at 9:30 PM on Sunday, June 23rd, 2019
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—————————
The seven segments of online advertising and promotion: Key trends and players
In the present day, even sub-segments of the advertising industry can be incredibly lucrative for marketers.
Simply by leveraging the roughly 3.5 billion searches happening every day on Google, marketers can immediately gain access to a segmented, extensive pool of potential customers.
AuthorJonathan Brown A look inside the current state of the online advertising and promotion industry. From display and programmatic to search and social, from PR to print, here’s an overview of what to look out for.
The advertising and promotion industry has evolved a long way from
the garish banner ads of the mid-1990s. It’s now easier than ever to
reach one’s audience online, and this year we’re seeing more adtech businesses focused on making online advertising more targeted and measurable than ever before.
In the present day, even sub-segments of the advertising industry can
be incredibly lucrative for marketers. Simply by leveraging the roughly 3.5 billion searches
happening every day on Google, marketers can immediately gain access to
a segmented, extensive pool of potential customers. Despite the
potential for massive reach, though, it’s often challenging to keep
track of what’s happening in the industry. In this article, we’ll be
sharing the key trends and players within each sub-segment of the online advertising and promotion industry.
1. Mobile marketing
With consumers making online purchases through their mobile devices
more than ever, mobile marketing has become a mainstay of the online
advertising toolkit. And it’s taking up an increasing portion of
organizational marketing spend, too. Recent research has shown that
mature marketing organizations now spend 22% of their budget
on mobile marketing. This is up significantly from even ten years ago,
when mobile marketing was only starting to gain steam as a high-ROI
tactic.
Mobile marketing is the best way to reach potential customers on the
go, and it’s a must-have if you’re running an online ecommerce business.
There are now dozens of platforms dedicated solely to running mobile
marketing campaigns, and each of them offer unique capabilities. Braze
is an all-in-one mobile marketing solution that is primarily focused on
customer engagement and upsell. It offers features like push
notifications, in-app advertising, and email marketing. Salesforce’s
Marketing Cloud is more focused on trigger-based engagement with
prospects, and it also offers the option for brands to do SMS marketing
based on their existing prospect database. Urban Airship is another
great mobile marketing platform to consider — it’s billed as a
comprehensive solution, offering everything from mobile app engagement
tactics to predictive analytics.
2. Display and programmatic advertising
Programmatic display advertising is one of the fastest-growing areas
in digital marketing, with total marketing spend on programmatic
displays estimated to cross 84% of all display ad spending this year.
Instead of negotiating with a salesperson, programmatic advertising
involves using software to procure digital advertising space. Once ad
space has been acquired, marketers then have to bid against competitors
to serve an ad (only the highest bidder gets to serve an ad). This
process repeats itself millions of times daily, giving businesses plenty
of opportunities to ensure their ads are seen. And when they are seen,
the impact can be significant. In fact, research has shown that simply
appearing in mobile ad results can increase brand awareness by 46%.
In the programmatic display advertising space, there are hundreds of
competitors, but AdRoll is one of the true heavyweights. It uses
customer intelligence data to enable highly specific targeting and gives
users an easy to use digital advertising platform that also supports
cross-channel outreach efforts. Match2One is another powerful
programmatic advertising platform that offers advanced reporting
capabilities as well as access to premium ad inventory. For
small-to-medium sized businesses, there’s also Choozle and PocketMath.
Both are self-service platforms that also support buying mobile display
inventory.
3. Search and social advertising
Given that social media platforms now take up 33% of the time
consumers spend online, it makes sense that marketers are increasingly
turning towards it as a key tactic in their toolkit. This trend is
similar in the search arena as well, which allows marketers to match
their brand messaging to specific search categories. Where search
marketing benefits from relevancy, social advertising benefits from
ubiquity. Marketers can now deploy advertising across an ever-increasing
range of social platforms, and ensure their messaging is seen only by
prospects with an expressed interest in one’s brand.
For most companies, Google Ads is the platform of choice for search
advertising — particularly given that most of the world’s search traffic
passes through Google. Bing Ads is still a viable platform, but for
most businesses, Google Ads remains the gold standard.
On the social advertising front, the landscape is more fragmented, so
marketers should be cognizant of which platforms their prospects
congregate on before investing. Twitter, Facebook, Instagram, LinkedIn,
and many other platforms all offer their own social advertising
platforms — generally with targeting and analytics capabilities built
in.
4. Native content advertising
Native content advertising involves placing ads directly into the
natural flow of the user experience in a way that both benefits the
consumer and the brand. Examples of native advertising include content
recommendation widgets, sponsored content, promoted search listings, and
in-feed native advertisements. Native advertising is a type of content
marketing that has seen explosive growth in recent years. In fact,
recent research estimated native ads made up more than 60% of display ad spend in 2018.
One of the most popular native advertising platforms is Outbrain. It
acts first and foremost as a discovery platform that helps marketers
find the best platforms and publishers for their content. Outbrain then
collects interaction data throughout the customer lifecycle, and uses it
to improve ad recommendations for marketers. Another tool that’s widely
used for native content advertising is Taboola. It’s a platform that is
focused more on growing traffic, but it’s also useful for tracking ad
conversions as well. Other leading native advertising platforms include
Yahoo’s Gemini, AdNow, and mobile-first content platform ShareThrough.
5. Video advertising
Video advertising is a widely-used tactic for delivering rich media
to potential consumers. While the ads themselves are often run on video
hosting sites like YouTube, the purchases of those ads are conducted
through video advertising networks. Video advertising is rapidly
becoming an area of focus for marketers, particularly given that up to 80% of global internet consumption will be through video content this year.
Two of the largest players on the video advertising front are
SelectMedia and SpringServe. Both are programmatic video advertising
platforms that offer self-service analytics and ad buying tools to help
publishers increase the ROI on their video content. Many corporate
customers have also started gravitating towards Google’s AdSense for
Videos and Oath’s intelligent ad platform – both of whom are established
competitors in the market and offer a wide selection of ad inventory.
6. PR
Digitally tracking the impact of PR content is still a nascent
industry, but more platforms are entering the space every day. Recent
research has shown that 73% of journalists
now scour the web daily for press releases and news about companies
they’re covering. This statistic represents a significant opportunity to
brands ready to capitalize on what often turns out to be a captive
audience.
Some of the top online PR platforms currently are Meltwater,
TrendKite, and Marketwired. All of these platforms offer similar
capabilities in terms of quantifying the impact of an organization’s PR
efforts. These platforms all come with their own PR analytics stack, as
well as the ability to add additional media sources for measuring
engagement.
7. Print
Print advertising obviously exists primarily in the physical world,
but there are ways to integrate it into your online campaigns as well.
Leveraging QR codes or short, trackable URLs can be a great way to
quantify the impact of your print media campaigns, and with tools like
Bizible and Google Analytics, doing so is now easier than ever before.
Conclusion
With so many advertisers competing online, tools like these will help
you optimize for better ad placement and higher conversion. Using these
platforms together with owned and earned media will give you a much
better chance of success in getting prospects to learn more about your
brand.
Tags: adtech, CSE, digital advertising, stocks, tsx, tsx-v Posted in Good Life Networks | Comments Off on Good Life Networks $GOOD.ca – The seven segments of online #advertising #adtech and promotion: Key trends and players $TTD $RUBI $AT.ca $TRMR $FUEL
Posted by AGORACOM-JC
at 9:15 PM on Sunday, June 23rd, 2019
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———————–
Hainan to Launch $145 Million Esports Fund
South China’s tropical Hainan will set up a 1 billion yuan ($145 million) fund to lure esports businesses to the province, as part of a broader package to support gaming in the region.
The money will be used to support “related companies†and subsidize
global esports competitions held in the province, said Sun Ying, the
director of Hainan’s tourism, culture, broadcasting and sports
department. She also said the government would make it easier to get
approval to hold such events.
Sun made the announcement at an esports industry forum held in the island’s Boao city on Thursday.
Sun said the government would also offer other incentives to the
sector, such as tax breaks and benefits such as subsidized housing and
residency status for star gamers.
The official also said the local administration planned to expand the
province’s visa-free visit program —which currently applies to 59
nationalities — to include more countries in the future. Sun said this
would make it easier for more people to participate in esports events in
the process.
Hainan, known for its warm weather and sandy beaches, has long been heavily reliant on tourism.
However, the central government has plans to shake up the region’s economy, with the State Council announcing in October that the province would become China’s 12th pilot free trade zone. According to a policy guideline document (line
in Chinese) released at the time, the Hainan zone will focus on the
international tourism, modern service, and advanced technology
industries.
In recent years the gaming industry has rapidly expanded as ever
larger numbers of Chinese people have come online. The value of China’s
esports market has more than tripled since 2015 and is expected to more
than double from its 2018 level to 247.8 billion yuan by 2023.
Provinces including Zhejiang, Anhui, and Jiangsu have announced plans
to build so-called “esports towns,†regions in which incentive policies
much like Hainan’s — direct funding and tax breaks — have been
promised.
However local governments’ enthusiasm for this growing sector could
be met with roadblocks, as the central government has displayed an
ambivalent attitude towards video gaming.
The central government department responsible for approving the release of games did not give the green light to any new titles
for most of last year. Then, in April, it was revealed that thousands
of titles that had already been waiting for approval — some for more
than a year — would be forced to start the approval process all over again under new regulations.
In September last year, the General Administration of Press and Publications said it would control the total number of online video games and new titles in operation, ostensibly to address worsening eyesight among the country’s young people.
Posted by AGORACOM-JC
at 9:00 PM on Sunday, June 23rd, 2019
Investment Highlights
Kenbridge property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper
17.5 (21.8 fully diluted) percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property
Signed Binding Letter of Intent to Purchase Sill Lake Lead-Silver Property, Ontario Read More
Kenbridge Ni Project (ON, Canada)
Advanced stage deposit remains open in three directions, is
equipped with a 623m deep shaft and has never been mined.
Preliminary Economic Assessment completed and updated returned robust project economics and operating costs including a NPV of C$253M and cash costs of US$3.47/lb of nickel net of copper credits.
Plans for Kenbridge include updating PEA,
advancing the project through to feasibility and exploring the open
mineralization at depth
FULL DISCLOSURE: Tartisan Nickel Corp. is an advertising client of AGORA Internet Relations Corp.
Tags: CSE, nickel, nickel demand, stocks, tsx, tsx-v Posted in All Recent Posts, Tartisan Nickel | Comments Off on CLIENT FEATURE: Tartisan Nickel $TN.ca Kenbridge Property Hosts M&I Resource of 7.14 Million Tonnes at 0.62% Nickel, 0.33% Copper $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca
Posted by AGORACOM-JC
at 8:06 AM on Friday, June 21st, 2019
Announced that it has closed the $10,000,000 bridge loanfrom Aquilini GameCo Inc. (as previously announced on May 31, 2019).
Proceeds from the Bridge Loan will be used by Enthusiast to continue executing on its buy and build growth strategy and will allow the Company to capitalize on accretive growth opportunities.
TORONTO, June 21, 2019 — Enthusiast Gaming Holdings Inc. (TSXV: EGLX) (OTCQB: EGHIF), (“Enthusiast†or the “Companyâ€), a gaming company building the largest community of authentic gamers, is pleased to announce that it has closed the $10,000,000 bridge loan (the “Bridge Loanâ€) from Aquilini GameCo Inc. (“GameCoâ€) (as previously announced on May 31, 2019).
Proceeds from the Bridge Loan will be used by Enthusiast to continue
executing on its buy and build growth strategy and will allow the
Company to capitalize on accretive growth opportunities.
Eric Bernofsky, COO of Enthusiast commented, “This
loan from Aquilini GameCo is an important step for Enthusiast to
continue executing on its growth strategy. Further, the additional funds
give us the opportunity to review other potential acquisition targets.â€
Pursuant to the terms of the loan agreement with GameCo dated May 30, 2019 (the “Loan Agreementâ€),
interest shall accrue on the loan at the rate of 8% per annum. All
principal and interest under the Bridge Loan will be due and payable by
Enthusiast to GameCo on the earlier of: (a) June 20, 2020, and (b) the
closing of the plan of arrangement with J55 Capital Corp. and GameCo.
Enthusiast will be entitled to prepay all or a part of the Bridge Loan
at any time, from time to time, without bonus or penalty. Pursuant to
the terms of the Loan Agreement, Enthusiast has paid GameCo a $300,000
administrative fee.
On May 31, 2019, Enthusiast announced that it had entered into an arrangement agreement (the “Arrangementâ€) with J55 Capital Corp. (“J55â€)
and GameCo. Pursuant to the Arrangement, J55 has agreed to acquire all
of the outstanding common shares of Enthusiast Gaming in exchange for
common shares of J55 on the basis of 4.22 J55 common shares for each one
Enthusiast common share.
In connection with the Arrangement, GameCo announced on June 19, 2019 the closing of its bought deal private placement (the “GameCoOfferingâ€). The GameCo Offering includes unsecured convertible debentures (“Debenturesâ€) at a conversion price of $0.45 for a total principal amount of $10,000,000. The Debentures will mature on the date (the “Maturity Dateâ€) that is the earlier of: (i) June 30, 2020, and (ii) the closing date of the Arrangement.
The proceeds from the Bridge Loan were extended by GameCo to Enthusiast on completion of the GameCo Offering.
The completion of the arrangement remain subject to the closing
conditions set out in the Arrangement, including approval of the TSXV
Venture Exchange and the approval of the requisite majority of the
shareholders of J55 and Enthusiast, as applicable.
About Enthusiast Gaming
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 150 million monthly visitors with its 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
Certain information in this news release constitutes forward-looking
statements under applicable securities laws. Any statements that are
contained in this news release that are not statements of historical
fact are forward-looking statements. Forward looking statements are
often identified by terms such as “may”, “should”, “anticipate”,
“expect”, “potential”, “believe”, “intend”, “estimate†or the negative
of these terms and similar expressions. Forward-looking statements in
this news release include, but are not limited to, statements with
respect to the completion of the transactions referred to in this press
release (the “Transactionsâ€) and the timing for their
completion; the satisfaction of closing conditions which include,
without limitation: (i) required shareholder approval, (ii) necessary
court approval, (iii) receipt of any required approvals, (iv) certain
termination rights available to the parties under the Arrangement, (v)
obtaining the necessary approvals from the TSXV, (vi) other closing
conditions, including compliance by the parties with various covenants
contained in the Arrangement, (vii) statements with respect to the
effect of the Transactions on the parties; and (viii) statements with
respect to the anticipated benefits associated with the Transactions.
Forward-looking statements are based on certain assumptions regarding
Enthusiast, GameCo and J55, including the completion of the
Transactions, anticipated benefits from such Transactions, and expected
growth, results of operations, performance, industry trends and growth
opportunities. While Enthusiast, J55 and GameCo consider these
assumptions to be reasonable, based on information currently available,
they may prove to be incorrect. Readers are cautioned not to place undue
reliance on forward-looking statements.
The assumptions of Enthusiast, GameCo and J55, although considered
reasonable by them at the time of preparation, may prove to be
incorrect. In addition, forward-looking statements necessarily involve
known and unknown risks, including, without limitation, risks associated
with general economic conditions; adverse industry events; future
legislative, tax and regulatory developments; inability to access
sufficient capital from internal and external sources, and/or inability
to access sufficient capital on favourable terms; the inability to
implement business strategies; competition; currency and interest rate
fluctuations and other risks. Among other things, there can be no
assurance that the Transactions will be completed or that the
anticipated benefits from such Transactions will be achieved. Readers
are cautioned that the foregoing list is not exhaustive. Readers are
further cautioned not to place undue reliance on forward-looking
statements as there can be no assurance that the plans, intentions or
expectations upon which they are placed will occur. Such information,
although considered reasonable by management at the time of preparation,
may prove to be incorrect and actual results may differ materially from
those anticipated. For more information on the risk, uncertainties and
assumptions that could cause anticipated opportunities and actual
results to differ materially, please refer to the public filings of
Enthusiast which are available on SEDAR at www.sedar.com.
Forward-looking statements contained in this news release are expressly
qualified by this cautionary statement and reflect our expectations as
of the date hereof, and thus are subject to change thereafter.
Enthusiast, GameCo and J55, disclaim any intention or obligation to
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, except as required by law.
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 3:30 PM on Thursday, June 20th, 2019
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—————
Cannabis sales could hit $15 billion globally this year
By Alicia Wallace, CNN Business
Fueled in part by CBD product sales and Canada’s recent legalization
of marijuana, the world’s cannabis market could notch $15 billion this
year.
Industry insiders are forecasting that global cannabis sales could total $14.9 billion in 2019,
Up 36% from 2018, according to a new report released Thursday.
By Alicia Wallace, CNN Business
Fueled in part by CBD product sales and Canada’s recent legalization of marijuana, the world’s cannabis market could notch $15 billion this year.
Industry insiders are forecasting that global cannabis sales could
total $14.9 billion in 2019, up 36% from 2018, according to a new report
released Thursday.
For the first time, the annual “The State of Legal Cannabis Markets”
report evaluated the cannabis industry as the “Total Cannabinoid
Market,” meaning it encompassed sales of medical and recreational
cannabis at dispensaries; hemp-derived products rich in non-psychoactive
cannabidiol, or CBD; and US Food & Drug Administration approved
CBD-based pharmaceuticals.
The surge of CBD products coupled with Canada starting legal
recreational cannabis sales in 2018 helped to buoy the industry’s
growth, according to the report published by the market research arm of
cannabis investment firm Arcview Group and data firm BDS Analytics. This
was the first full year to evaluate the effects of three significant
developments in the cannabis industry: the FDA approval of CBD-based
drug Epidiolex, legal adult use sales starting in Canada, and the 2018
Farm Bill giving hemp products more legal standing.
“These decisions being made at the federal level put pharmacies and
general retailers in the business of selling CBD-based products in all
50 states, which substantially boosted the [projections],” Troy Dayton,
Arcview’s chief executive officer, said in a statement.
The seventh edition of the report — like publications Arcview
published previously — includes a calculated gaze into the crystal ball,
projecting industry sales. Arcview and BDS’ latest expectations are
that cannabis sales in dispensaries, retail stores and pharmacies will
hit $44.8 billion globally by 2024.
Still, Arcview expects the bulk of sales to remain at dispensaries,
followed by retail stores and then pharmacies. Sales of CBD products
across those channels are poised to hit $20 billion in 2024, the
researchers projected.
The long-term predictions include several assumptions such as Canada
becoming a $5 billion market; European and Latin America countries
launching cannabis programs; and US states such as Arizona, Maryland,
New Jersey, New Mexico and New York legalizing the recreational use of
cannabis.
Posted by AGORACOM-JC
at 8:44 AM on Thursday, June 20th, 2019
Announced that it has received a $3.64M purchase order for a non-military land-based waste treatment system, together with the first payment.
Client and geographic area will remain confidential for competitive reasons.
Delivery is scheduled to be in Q2, 2020.
MONTREAL, June 20, 2019 — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V: PYR) (OTCQB: PYRNF) (FRA: 8PY), a 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, today announced that it has received a $3.64M purchase order for a non-military land-based waste treatment system (the “Systemâ€), together with the first payment. The Client and geographic area will remain confidential for competitive reasons. We expect to provide more details within the next two (2) months.
Delivery is scheduled to be in Q2, 2020.
“This sale is significant as it is the first non-military waste treatment System sold by PyroGenesis and signifies an important first step into this new market,†said Mr. P. Peter Pascali, President and CEO of PyroGenesis. “We fully expect that this will be the first of many systems ordered by the Client who will benefit, upon reaching a certain milestone, from a limited territorial exclusivity. This contract, together with signed backlog, recently announced contract award, and the imminent US Navy contract for $13.5M, portends to a backlog of over $40M, which must be addressed within the next 18 months, come September. This does not include the $35M of backlog in subsequent years. It is a very exciting time for the Company.â€
Of note, PyroGenesis’ land-based waste System transforms waste to
syngas, a gaseous fuel which can then be used to make electricity, heat,
or fuels, as required by the end-user. Using PyroGenesis’ System, the
inorganic fraction of the waste is converted into a glassy slag which is
inert, non-toxic, and has been demonstrated to be suitable as a
building material, and even jewelry.
PyroGenesis Canada Inc., a 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 and AS9100D
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.
Tags: PyroGenesis, small cap stocks, stocks, tsx, tsx-v Posted in PyroGenesis Canada Inc. | Comments Off on PyroGenesis $PYR.ca Announces $3.64M Non-Military Land-Based Waste Treatment System Sale; First Payment Received $LMT $RTN $NOC $UTX $HPQ.ca $DDD.ca $SSYS $PRLB
