iAnthus Capital Holdings Inc. (OTCMKTS – ITHUF) An Emerging Cannabis Play After 615% Revenue Growth

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iAnthus Capital Holdings Inc. (OTCMKTS: ITHUF) An Emerging Cannabis Play After 615% Revenue Growth

iAnthus Capital Holdings Inc. (OTCMKTS: ITHUF) stock look set to climb higher after the company reported impressive fourth quarter financial results. A 615% increase in revenue in the quarter underscores the rate at which the company is growing.

After falling from highs of $5.08 to the $2.3 handle, the stock has bounced back in what appears to be a continuation of the long-term uptrend. The stock needs to rise and close above the $3.80 handle, to reaffirm confidence about the continuation of the uptrend. On the downside, the stock faces immediate support at the $3 handle, below which it could drop to the $2.40 mark.

IAnthus Capital owns and operates best in class licensed cannabis cultivation, and dispensary facilities in the U.S. The company also seeks to provide investors with exposure to the U.S regulated cannabis industry.

Recent Developments

Stellar fourth quarter financial results is the latest catalyst sending shares of iAnthus Capital up the chart. The company generated revenues of $2.4 million in the quarter, representing a 615% increase. Net loss in the quarter came in at (-$13.7 million. IAnthus Capital attributes the growth to a rise in costs because of expansion into additional states.

Invested capital in the quarter totaled $23.7 million bringing the total capital invested to date at $98.7 million. During the quarter, the company closed a C$12 million short-form prospectus offering.

“The past year has brought major developments for iAnthus, including acquisitions in the major east coast markets of Florida and New York , the continued build-out of a world-class operations team led by Carlos Perea (Chief Operating Officer), and the establishment of iAnthus as one of the U.S. cannabis industry’s most well-known and well-funded companies,” said CEO, Hadley Ford.

Pilgrim Rock Acquisition

Separately, iAnthus Capital has completed the acquisition of the remaining 20% stake in Pilgrim Rock. The acquisition will provide the company with access to Mayflower an affiliate of Pilgrim Rock that has received provisional licenses to registered marijuana dispensaries in Massachusetts.

According to Randy Maslow, president of iAnthus, focus now shifts towards positioning Mayflower as a leading cultivator, processor, and operator of dispensary operator in Massachusetts. The subsidiary has a 36,000 cultivation facility in Holliston that is fully operational.

In addition, iAnthus wholly owned subsidiary, Grow Healthy Holdings has commenced delivery of cannabis products to patients in Florida. The company has also signed a lease for a dispensary in Orlando Florida.

More articles:

https://finance.yahoo.com/news/ianthus-subsidiary-growhealthy-begins-delivery-110000744.html

https://finance.yahoo.com/news/ianthus-completes-full-acquisition-pilgrim-110000411.html

https://finance.yahoo.com/news/ianthus-reports-fourth-quarter-fiscal-223600323.html?guccounter=1

Is General Cannabis Corp. (OTCMKTS – CANN) A Bounce Back Play On Positive 2018 Outlook?

General Cannabis Corp. (OTCMKTS - CANN)

Is General Cannabis Corp (OTCMKTS: CANN) A Bounce Back Play On Positive 2018 Outlook?

Shares of General Cannabis Corp (OTCMKTS: CANN) are showing signs of trading higher as investors react to impressive full year financial results and a positive outlook for 2018. According to the Chief Executive Officer, Michael Feinsod, the company has never been in a better position to take advantage of its strong infrastructure, in a bid to focus on growth.

Price Action

Over the past one month, the stock has rallied by more than 60% after coming under pressure early in the year. Given that it is currently trading at the $4.34 handle, the stock needs to rise and close above the $6 a share level, for it to attract investors who until now have been on the fence.

A rise followed by a close above the $6 a share level should open the door for the stock to spike to the $10 a share mark. On the downside, the stock faces immediate support at the $4 a share mark below which it remains susceptible to declines to the $2 a share mark.

General Cannabis casts itself as a comprehensive national resource for high quality service providers in the legal cannabis space. The company is also engaged in the business of cultivating producing and sale of cannabis products.

Why is the Stock Spiking?

The stock has bottomed out after coming under pressure early in the year after the management stated 2017 was a transformative year. According to the Chief executive officer, the balance sheet is stronger than ever, on the company generating impressive revenues last year.

General Cannabis has already paid down a substantial amount of its debt and raised new equity, expected to finance development plans in 2018. The company exited 2017 with a net loss of (-$8.2) million an improvement from ante loss of (-$10.2) million reported in 2016

“Our business expanded during the year, which positions us for continued national expansion. We will continue to hire talented executives to support our growth. General Cannabis has never been in a better position to take advantage of our strong infrastructure and continue to focus on growth through acquisitions,” said Michael Feinsod Executive Chairman of the board.

2018 Outlook

The management expects Security Segment revenues to increase as expansion in California gains traction. The company is also planning to explore additional service offerings. Marketing segment should also post significant growth as General Cannabis pursues national distributors and retailers for its apparel lines.

General Cannabis is also planning it carry out acquisitions in 2018 in a bid to accelerate growth.

International Cobalt (OTCMKTS – COBAF) Acquires Two Additional Projects

Cobalt Symbol

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VANCOUVER, British Columbia, April 17, 2018 (GLOBE NEWSWIRE) — International Cobalt Corp. (CSE:CO) (the “Company” or “International Cobalt”) is pleased to announce that its wholly owned subsidiary, American Cobalt Corp. (“American Cobalt”) has entered into two option agreements (the “Option Agreements”) with Supreme Metals Corp. to acquire up to an 80% interest in two cobalt projects which are comprised of the Foster Marshall Project and the Mount Thom Project (collectively known as the “FM Projects”).

Pursuant to the Option Agreements, American Cobalt will have the option to earn an initial sixty percent (60%) interest in any of the FM Projects by making an initial payment of $87,500 and by funding exploration to reach an NI 43-101 compliant resource estimate within sixty (60) months of signing of the Option Agreements.  American Cobalt will have the right to earn a further twenty percent (20%) interest and any of the FM Projects by completing a Preliminary Economic Assessment (PEA) within twenty-four (24) months of completing the initial resource estimate. Each of the FM Projects is subject to a 1.5% NSR in favor of a third party.

The Company will also pay a finder’s fee to an arm’s length party in connection with the acquisition of the FM Projects.

ABOUT THE FOSTER MARSHALL PROJECT

The Foster Marshall Project is located in the historic mining area of Cobalt, Ontario and is approximately 25 kilometres north of the former producing Langis Mine project in the Larder Lake Mining Division. The area covers approximately 256 hectares (633 acres) and is comprised of seven mineral claims. 

Historical assays on surface grade up to 4.5% Cobalt and drill hole intercepts of 30 centimetres grading 87 oz/ton silver with several intercepts containing copper, lead and zinc.

ABOUT THE MOUNT THOM PROJECT

The Mount Thom Project is located 22 kilometres east of Truro in Nova Scotia, Canada, over a historic copper deposit that was discovered in the early 1970’s by Imperial Oil.  It is comprised of 39 mineral claims over five neighbouring licenses and covers approximately 1,560 acres. The project is also close to the TransCanada Highway #104 and power lines, making the area highly accessible.

Even though assays of at the time of Imperial Oil’s work reported up to 1.66% copper over 15.5 feet (4.7m), IOCG deposits and associated cobalt mineralization were unknown at the time.  Subsequently, high concentrations of cobalt assaying up to 0.57% cobalt were reported in mineralized outcrop and rubble crop from trenches (source Nova Scotia assessment report AR2005-005).  The deposit is now recognized as having affinities to IOCG-style deposits and is considered highly prospective for cobalt mineralization.

ABOUT THE COBALT MARKET

Cobalt prices recently reached a 10 year high of $42.75 US per pound and have shown a steady increase since the mid-point of 2015.  Cobalt is an important component of many of the lithium-ion batteries used in a wide range of applications from cell phones to electric vehicles (EV) and the home energy storage market.  Driven primarily by the EV market demand for cobalt is expected to remain strong and growing for the near future.  Currently over 60% of the global supply of cobalt is sourced from mines operating in the Democratic Republic of the Congo (DRC).  Political instability in the DRC coupled with social-economic issues surrounding mining in the country including reports of child labour have led many tech companies to seek supplies of the metal from more stable jurisdictions.

ABOUT INTERNATIONAL COBALT CORP

International Cobalt Corp. (CSE:CO) is a Canadian based mineral exploration and development business focusing on the burgeoning cobalt sector. The rapidly growing large battery industry, a major consumer of cobalt, makes cobalt an appealing sector of focus. The Company seeks to add shareholder value by sourcing and developing projects in safe, progressive jurisdictions adhering to strict environmental and social standards.

The technical information in this news release has been reviewed by Neil McCallum, P.Geol., of Dahrouge Geological Consulting Ltd., a Qualified Person as defined by National Instrument 43-101.

On behalf of:

INTERNATIONAL COBALT CORP.

 

“Timothy Johnson”

Timothy Johnson, President

This release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward‑looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions.  Please see our public filings at www.sedar.com for further information.

Timothy JohnsonT:   604-687-2038F:   604-687-3141

Photos accompanying this announcement are available at

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COBAF Positioned to Break Past the Crowd of Lithium Plays (OTCMKTS – COBAF)

Cobalt International - COBAF

Put COBAF at the top of your WATCHLIST!

You will be thanking us later. Getting a position at these prices could your golden ticket.

Remember the first investment story you read about the coming lithium boom? For me, it was more than five years ago. Some lithium mining stocks have done well over that timeframe. For others, the age of electric cars and smart phones has been more fizzle than spark.

Don’t misunderstand, we love the RIGHT lithium stock at the right time. But with close to 200 copycats hoping Elon Musk will notice them and buy their brine for Tesla batteries, there’s a lot of “me too” action crowding that pool.

Especially because all the gadgets and cars that run on lithium need ANOTHER key natural resource in order to boost their battery power. And where the race to exploit lithium deposits has gone a long way toward filling that supply/demand gap, this other mineral fell behind.

We’re talking about COBALT (OTCMKTS – COBAF). You “only” need about 35 pounds of this once-obscure rock to light up a 75 kWh Tesla. Apple only needs 10 grams per iPhone, about a third of an ounce. But with 1.2 BILLION of those little phones in circulation and Elon Musk ramping up those “giga factories,” the miners haven’t kept up.

Throw in new technology that uses more cobalt than ever . . . plus shadows on the global trade situation . . . and people who invest in cobalt now could be where the first wave of lithium bulls were a few months ago: staring at TRIPLE digit performance!

Sometime when you’re feeling like there’s nothing left in the market but the “FANG,” load up the Albermarle 5-year chart, ALB. They’re the biggest lithium producer around. Then turn to a cobalt stock that’s tiny right now, International Cobalt (OTC:COBAF).

Unless you’ve got a time machine and can go back to 2013, which one’s on the ground floor? The $10 billion behemoth trading above $90 or the $35 million start-up currently priced at pocket change?

But before you answer, remember: down here in the start-up zone, every $1 isn’t just another little bump in the long-term trend. It’s a multiplier, unlocking truly massive return potential for those with the insight to come to the cobalt party BEFORE the me-too money crowds the table.

Can COBAF reach the lofty heights ALB now travels? Let’s set cobalt’s future against lithium’s recent past . . . and then you can probably come up with your own answer.

Cobalt used to be an obscure element (like lithium was 10 years ago), more famous for making a pretty blue when powdered or a higher-temperature steel in trace amounts. Thanks to the emergence of new power storage systems, both elements are now irreplaceable components of phone batteries, laptops, home power systems and yes, electric cars.

HALF of all cobalt that gets consumed right now goes into batteries. That wasn’t true before the high-tech world switched to lithium-cobalt power systems, which means that since the iPhone revolution started and Tesla made its first car demand here has at least DOUBLED.

That’s why smart players are already rolling up as many cobalt prospects as they can. Just a few weeks ago First Cobalt paid $115 million to buy out US Cobalt. That’s a good number to keep in mind as cobalt consolidation heats up. For one thing, the bid came in 65% above market price, so the deal premiums are already getting huge as the fever kicks in.

And I did the math: historical work on US Cobalt’s primary project showed 1.2 million tons of high-grade cobalt ore grading at maybe 0.6% per ton. That’s roughly 7,500 tons of cobalt in that dirt . . . First Cobalt paid $15,000 per ton, so that’s a benchmark to keep in the back of your mind.

There’s just not enough cobalt

Global supply has not kept up. Go back to 2010, the experts were already warning Congress that U.S. stockpiles had gotten so thin that they would only satisfy 1.7 DAYS of demand. Nobody listened! Since then, gurus think consumption has soared 75% in less than a decade . . . and the strategic government stockpile has shrunk 33%.

Long term, there’s plenty of cobalt in the ground. Recycling is coming. But it just isn’t ENOUGH to fill the demand gap. And in the meantime, new mines like what International Cobalt is exploring for are the sweet spot.

That’s especially true when you look at geography and politics. U.S. cobalt production was dead until 2014, when one mine finally stepped up to address 0.8% of annual demand. Not counting scrap, all our cobalt came from overseas.

The GOOD news is Canada now sells us almost as much cobalt as China does. The BAD news (unless you have cobalt or are invested in a company that is) is that U.S. production actually went DOWN recently, so the gap didn’t narrow.

And even though Canada is one of our oldest and dearest friends, it’s hard to say where the trade rules end up. The trade situation with China is cloudier than it’s been in decades. What’s a 25% tariff on Chinese cobalt going to do, if the White House treats it like other metals?

It’s going to hurt, the commodity kings at Glencore say. Elon Musk wants to source his cobalt from “clean” mines that don’t use child labor or wreck the environment. That rules out traditional producers in the Congo, where conditions get brutal. (VIDEO) Apple, similar story.

By the way, the great Elon Musk had a weird little freakout over cobalt in a recent quarterly conference call . . .  fast-forward a year or two, we really need to think about cell production as being a constraint. Making sure that we have a secure supplies of lithium hydroxide, cobalt. There’s actually more amount of cobalt.

He’s talking about how Tesla is running out of secure supplies of cobalt because the company’s power cells use more of it than lithium. Notice how the investor relations guy cuts him off FAST after that. “Sorry everyone, we’re out of time” like he doesn’t want the supply constraint to scare shareholders.

But before it does, it’s a good bet that Tesla and everyone else is going to scramble for as much cobalt as they can. That might mean long-term supply contracts with mines that aren’t even open yet . . . mines like the one International Cobalt is exploring for up in friendly Idaho, right here in the USA. It might mean joint ventures, kicking in funding to make the mines happen.

Heck, I wouldn’t be shocked to see the great Elon go the Henry Ford route and buy the mines himself! In that scenario, investors are on the accelerated “exit” ramp!

But here’s the thing: Elon would mainly be interested in pure cobalt plays. That’s the mineral he covets. He doesn’t want copper . . . even though a lot of cobalt mining today is just a sideshow, a byproduct on copper. What’s he going to do, skim the cobalt and throw the copper away?

And while some cobalt comes off of nickel, that’s a secondary concern as well. Refining nickel ore is, and I quote, “horrendously” expensive. Waiting for a start-up company to take a primary nickel project to a viable economic level is basically bracing for massive investment in time and money. While the path can ultimately be satisfying, it just isn’t easy or quick.

Tesla doesn’t have that kind of time. Arguably they don’t even have that kind of cash to deploy, especially if there’s a relatively pure play available. That’s where International Cobalt shines. Pure play. Right here on the Idaho side of the international border. Dozens of what could be high-grade ore lodes.

I suspect we’ll be talking a lot about the geology as the company starts serious drilling. They’re just waiting for the permits. Right now, they’ve flown over the site and the visuals are worth pursuing . . . this airborne survey has given the company multiple targets to follow up on!

It’s a big claim, more than 1,700 acres. It’s surrounded by bigger players who might get motivated to take out a rival at a healthy premium. (No shame in that! Remember that $115 million US Cobalt buyout? Those assets are just south of International Cobalt’s Blackbird Creek acreage.)

Either way, right now it’s almost total upside. All the big boys on Wall Street know about this company right now is that there’s interesting rock here. They don’t know how much or where the future can go.

That’s the kind of opportunity that’s like getting into lithium five years early. It may not be gold, but it’s precious. Let’s go!

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Global Blockchain To Spin Out Mining Division To Offer Pure Mining Play With Combined Access Of 175 MW Of Low-Cost Reliable Power

blkcf

VANCOUVER, British Columbia, Feb. 13, 2018 /PRNewswire/ — GLOBAL BLOCKCHAIN TECHNOLOGIES CORP. (CSE:BLOC) (BWSP.F) (BLKCF)(“GBT” or the “Company”) is pleased to report that it has completed its previously announced acquisition of Coinstream Mining Corp. by way of three-corner amalgamation. Under the terms of the definitive acquisition agreement, GBT will acquire 100% of Coinstream and assume all of its existing assets and underlying agreements at present, including:

The Manitoba joint venture facilities totaling 50 MW of capacity, with 35 MW of capacity available immediately. GBT’s subsidiary, Global Blockchain Technologies Corp., will supply cryptocurrency mining units on the basis of a 70/30 split in favour of GBT. The wholly-owned Mozambique facility totaling 25 MW of capacity, with 10 MW of capacity available immediately. The Mozambique facility will host GBT machines and/or seek joint ventures for the rapid procurement of cryptocurrency miners. These facilities have an average power cost of USD$.03 per KwH.

Click here to read our full analysis of BLKCF!

A 25% interest in Distributed Mining Inc. (“Distributed Mining”). Distributed Mining is a blockchain software company creating software that enables all devices to have the ability to participate in mining cryptocurrency. The software will be available to be downloaded through Distributed Mining, or through its partner sites. Connected devices will then be able to activate mining operations through their devices (including but not limited to mobile phones and gaming consoles).

Distributed Mining would allow anyone with a connected device to download and install a software packet, giving the user access to optimized cryptocurrency mining. The distributed mining platform will be able to optimize for variable mining requirements, and its design is particularly well suited for gaming consoles, of which there are over 100 million currently connected units. Gaming consoles contain stronger processing power than that found in typical laptop/desktop computers, making them the perfect environment to deploy the distributed mining platform as individuals are able to put their resting consoles to work, earning them valuable cryptocurrency tokens.

Both the Manitoba and Mozambique facilities are managed by personnel who are seasoned in the operation of cryptocurrencies, providing a turnkey and lean solution to GBT.

Spinout of Global Blockchain Mining as stand-alone publicly listed entity

The Company is pursuing a plan of arrangement to liberate the value in its mining division. Through the arrangement, the Company intends to list Global Blockchain Mining, along with all of its mining interests, as a publicly listed Canadian entity.

The spinout will be on a one-for-one basis with every share held of GBT entitling the holder to one share of Global Blockchain Mining.

The Company has set the annual general and special meeting for April 10, 2018. All shareholders as of the record date, March 1, 2018, will be entitled to vote at the meeting, as well as to the spinout share.

The spinout entity is anticipated to have combined access to 175 MW of low-cost, reliable power in Montana, Manitoba, and Mozambique and currently has 6,666 AntMiner S9s which are expected to be fully operational by mid-April. The spinout will also hold 25% of Distributed Mining.

GBT will satisfy the acquisition of Coinstream by the issuance of 32.5 million common shares of Global Blockchain Technologies.

The completion of the arrangement and the listing of Global Blockchain Mining will be subject to regulatory approval of this transaction, the approval of shareholders, the Supreme Court of British Columbia and the Canadian Securities Exchange, which is not guaranteed.

For more information, please contact [email protected]

About Global Blockchain Technologies Corp.

Global Blockchain Technologies Corp. provides investors access to a basket of direct and indirect holdings within the blockchain space, managed by a team of industry pioneers and early adopters of all major cryptocurrencies.

GBT is listed on the CSE and its common shares trade under the ticker symbol “BLOC.” Other information relating to GBT is available on SEDAR at www.sedar.com as well as on the Company’s website at www.globalblockchain.io.

On behalf of:

GLOBAL BLOCKCHAIN TECHNOLOGIES CORP.

Shidan Gouran President

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable securities laws. Generally, any statements that are not historical facts may contain forward-looking information, and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or indicates that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, “occur” or “be achieved”. Forward-looking information includes, but is not limited to the Company’s goal of streamlining the current arduous, lengthy and complicated process that interested investors need to undergo in order to gain exposure to the cryptocurrency space with a view to becoming the first vertically integrated originator and manager of top-tier blockchains and digital currencies. The Company has no assets and its business plan is purely conceptual in nature and there is no assurance that it will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made, including but not limited to: statements and expectations regarding the ability of the Company to (i) successfully engage senior management with appropriate industry experience and expertise, (ii) gain access to and acquire a basket of cryptocurrency assets and pre-ICO and ICO financings on favourable terms or at all, (iii) successfully create its own tokens and ICO’s, and (iv) execute on future M&A opportunities in the cryptocurrency space; receipt of required regulatory approvals; the availability of necessary financing; permitting and such other assumptions and factors as set out herein. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks related to changes in cryptocurrency prices; the estimation of personnel and operating costs; general global markets and economic conditions; risks associated with uninsurable risks; risks associated with currency fluctuations; competition faced in securing experienced personnel with appropriate industry experience and expertise; risks associated with changes in the financial auditing and corporate governance standards applicable to cryptocurrencies and ICO’s; risks related to potential conflicts of interest; the reliance on key personnel; financing, capitalization and liquidity risks including the risk that the financing necessary to fund continued development of the Company’s business plan may not be available on satisfactory terms, or at all; the risk of potential dilution through the issuance of additional common shares of the Company; the risk of litigation. Although the Company has attempted to identify important factors that could cause actual results to differ materially from the forward-looking information set out in this presentation, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.

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

View original content with multimedia: http://www.prnewswire.com/news-releases/global-blockchain-to-spin-out-mining-division-to-offer-pure-mining-play-with-combined-access-of-175-mw-of-low-cost-reliable-power-300597552.html

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These third party service providers are likely compensated for providing positive information about the Issuer and may fail to disclose their compensation to you.  If a Profiled Issuer is a SEC reporting company, it could be delinquent (not current) in its periodic reporting obligations (i.e., in its quarterly and annual reports), or if it is an OTC Markets Pink Sheet quoted company, it may be delinquent in its Pink Sheet reporting obligations, which may result in OTC Markets posting a negative legend pertaining to the Profiled Issuer at www.otcmarkets.com, as follows: (i) “Limited Information” for companies with financial reporting problems, economic distress, or that are unwilling to file required reports with the Pink Sheets; (ii) “No Information,” which characterizes companies that are unable or unwilling to provide any disclosure to the public markets, to the SEC or the Pink Sheets; and (iii) “Caveat Emptor,” signifying buyers should be aware that there is a public interest concern associated with a company’s illegal spam campaign, questionable stock promotion, known investigation of a company’s fraudulent activity or its insiders, regulatory suspensions or disruptive corporate actions.  If the Information states that a Profiled Issuer’s securities are consistent with the future economic trends or even if your independent research indicates that, you should be aware that economic trends have their own limitations, including: (a) that economic trends or predictions may be speculative; (b) consumers, producers, investors, borrowers, lenders and/or government may react in unforeseen ways and be affected by behavioral biases that we are unable to predict; (c) human and social factors may outweigh future economic trends that we state may or will occur; (d) clear cut economic predictions have their limitations in that they do not account for the fundamental uncertainty in economic life, as well as ordinary life; (e) economic trends may be disrupted by sudden jumps, disruptions or other factors that are not accounted for in economic trends analysis; in other words, past or present data predicting future economic trends may become irrelevant in light of new circumstances and situations in which uncertainty becomes reality rather than predicted economic outcome; or (f) if the trend predicted involves a single result, it ignores other scenarios that may be crucial to make a decision in the event of unknown contingencies.  The Information is presented only as a brief snapshot of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities. 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Stock Options Awarded By Emerald Health Therapeutics Inc (OTCMKTS: EMHTF)

emhtf

Stock Options Awarded By Emerald Health Therapeutics Inc (OTCMKTS: EMHTF)

emhtfEmployees, officers and directors of Emerald Health Therapeutics Inc (OTCMKTS:EMHTF) have been awarded stock options totaling 2,645,000 at $4.25 exercise price per common share. A quarter of the five-year stock options will vest on the grant date while 25% will vest later. Stock options issued to directors will however vest immediately. Following the announcement shares of Emerald Health Therapeutics Inc fell by 7.21% on Wednesday to close the day at $3.99 per share.

The stock options are part of Emerald’s incentive plan which received the approval of the TSX Venture Exchange as well as the shareholders of the company. The TSX’s applicable policies will apply with regards to the stock options.

Restricted stock units

Additionally restricted stock units numbering 350,000 have been issued to the firm to particular directors. Settling of the restricted stock units will be done by issuing 350,000 shares at a price of $4.25 per share and these will vest in 2019 on January 15. They could also vest at an earlier date if the board decides otherwise on condition the director remains with the firm by the vesting date either as a consultant, employee or director.

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The awarding of stock options comes almost a month since Emerald Health Therapeutics announced that Health Canada had positively reviewed the firm’s license application for a fourth production facility. This is with regards to a greenhouse measuring 75,000 square feet which is expected to be completed by next year’s third quarter. By the end of next year Emerald intends to have expanded the cultivation space to half a million square feet.

Increased production capacity

“With significant, secure supply from our large-scale Pure Sunfarms partnership and Emerald facilities, and our value-added product development plans, we intend to be well-positioned for growth in the adult use market in the near and long term,” Avtar Dhillon, Emerald’s Executive Chairman, said.

Once the first phase of construction is completed visual and written evidence will however have to be submitted to the Office of Medical Cannabis at Health Canada to show proof of a functioning facility which adheres to the regulations. In the event of a satisfactory review by Health Canada a cultivation license for the new facility may be issued.

The firm is eyeing to significantly increase product sales once adult-use of marijuana is legalized next year in summer. In the third phase of construction more than 350,000 square feet are expected to be added. Emerald is also putting up corporate offices as well as facilities for extraction as well as other purposes.

http://www.marketwired.com/press-release/emerald-health-therapeutics-announces-positive-health-canada-review-license-application-2241949.htm

https://globenewswire.com/news-release/2017/12/27/1275028/0/en/Emerald-Health-Therapeutics-Awards-Stock-Options.html

https://globenewswire.com/news-release/2017/12/21/1269169/0/en/Emerald-Health-Therapeutics-Receives-26-5-Million-from-Exercise-of-Warrants-and-Triggers-Acceleration-of-721-700-Remaining-2-00-Warrants.html

http://www.stockhouse.com/news/newswire/2017/11/28/emerald-health-gets-regulatory-green-light-for-b-c-cannabis-facility

Village Farms International Inc (OTCMKTS: VFFIF) In A Bought Deal Offering Worth $13.5 Million

VFFIF

Village Farms International Inc (OTCMKTS: VFFIF) In A Bought Deal Offering Worth $13.5 Million

 

VFFIFVillage Farms International Inc (OTCMKTS: VFFIF) and Beacon Securities Limited have reached an agreement which will see the latter become the lead underwriter in the efforts of the former to raise $13.5 million in a bought deal offering. Following the news, shares of Village Farms International Inc rose by 9.29% to close the day at $5.68 per share on Wednesday. The offering will however be subject to regulatory approval including that of the stock exchange.

The offering’s proceeds will be utilized in the repayment of a loan issued by a financial institution in Canada. Consequently the greenhouse facility measuring over one million square feet that Village Farms International has used as collateral against the loan will be removed as a security. The offering’s proceeds will also be used for general working capital and corporate purposes.

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Commercial cannabis production

 

“With this financing complete, we look forward to a very busy and very productive 2018 as Pure Sunfarms anticipates starting commercial cannabis production at the initial 1.1 million square foot Delta 3 greenhouse in the Spring of 2018,” said Village Farms International in a statement.

Once the offering closes the number of outstanding and issued common shares of Village Farms International will be 42,032,612 shares.

The joint venture between Pure Sunfarms Corp and Village Farms was formed earlier this year and is aimed at pursuing production of high quality cannabis at low cost and on a large scale. Initially Village Farms International contributed the 25-acre Delta 3 greenhouse located in British Columbia. The facility will now be used to produce medical marijuana as well as recreational marijuana if applicable laws permit.

Greenhouse conversion

 

vffifPure Sunfarms Corp is on the other hand making a contribution of approximately $20 million. This cash amount will be used to meet the costs involved in converting the Delta 3 facility. An application license has already been submitted to the regulator for Delta 3 greenhouse and approval has already been granted. Consequently works on converting the facility have already started and the initial 0.25 million square feet quadrant is expected to be completed by February next year.

Once sales and cultivation licenses are received selling of dried cannabis should begin next year by July. All four quadrants are also expected to be engaging in commercial production by 2019. According to conservative forecasts of Pure Sunfarms, yearly production is expected to reach at least 75,000 kilograms of dried cannabis. This target is expected to have been hit by 2020.

 

http://www.newswire.ca/news-releases/village-farms-international-closes-135-million-bought-deal-public-offering-665682393.html

http://villagefarms.com/wp-content/uploads/2017/09/Village-Farms-Bought-Deal-Dec-2017-FINAL.pdf

https://stockdailyreview.com/unusual-activity-spotted-in-village-farms-intl-vffif-as-shares-move-14-29/

https://berryrecorder.com/is-village-farms-international-inc-tsxvff-providing-the-returns-investors-are-looking-for/439073/

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