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The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Registers First Sales of Premium Cannabis, Cultivation Facility on Pace for Q3 2019 Completion

  • Even with its cultivation facility only 20 percent operational, the company reported record revenues from its first cannabis sales in 2018
  • Flowr announced that 20 fully constructed grow rooms will be available in Q3 2019, increasing its annual production capacity to 10,000 kilograms
  • The company has also announced plans to expand its product line with the sale of seeds and clones once production is ramped up

The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) registered a number of important milestones in 2018, despite the fact that its world-class cultivation facility was only 20 percent operational at the time. In an official conference call held on April 4, 2019, the company announced its first revenues on sales of premium cannabis in 2018. Flowr Corporation sold nearly 405 kilograms of cannabis produced at the grow rooms of its Kelowna 1 facility (http://ibn.fm/dhhdF).

Gross revenue reached C$3.3 million and net revenue was established at C$2.9 million. The average net realized price was C$7.08 per gram, after Flowr received its sales license in August 2018.

The Flowr cultivation facilities feature proprietary, patent-pending systems designed to consistently generate high crop yields. The 84,000-square-foot flagship Kelowna 1 facility is located on a seven-acre property in Kelowna, British Columbia. The facility is engineered to meet pharmaceutical industry production standards for cleanliness.

Currently, 10 of the Kelowna 1 grow rooms are licensed for use. Eight rooms are propagated with plants, and, by the end of the third quarter of 2019, Flowr anticipates having 20 fully-constructed grow rooms. Once that milestone is reached, Flowr Corporation’s cultivation capacity is expected to ramp up to 10,000 kilograms of premium cannabis annually.

According to Flowr Co-CEO Vinay Tolia, the revenue numbers are indicative of the company’s ability to grow and process a high-quality product, even while only a fraction of the world-class Kelowna facility is operational.

On top of completing the facility by the third quarter of 2019, Flowr also aims to expand its product line, as an official company announcement detailed (http://ibn.fm/MdriE). Flowr expects to start selling a selection of its premium high-quality cannabis in clone and seed form to both national and international customers.

“As we ramp up production, we believe Flowr will be able to offer the select cultivars we use to produce our premium cannabis to cultivators globally,” company Co-CEO Tom Flow announced in a news release.

Mid-March 2019, Flowr Corporation also announced the launch of its medical cannabis products for sale via the online Shoppers Drug Mart platform (http://ibn.fm/egTA2). Flowr Corporation and Shoppers Drug Mart confirmed a sales agreement at the beginning of 2019. The collaboration will simplify the delivery of premium medical cannabis products throughout Canada.

To order Flowr products online, patients need to submit a completed medical document from their health care providers. Shoppers Drug Mart advisors will next contact the health care practitioner for verification purposes before products get shipped.

Previously, Flowr products were available online via the company’s web portal. As per the new agreement, Shoppers Drug Mart is now the exclusive direct-to-patient Flowr product distributor.

For more information, visit the company’s website at www.Flowr.ca

NOTE TO INVESTORS: The latest news and updates relating to FLPWF are available in the company’s newsroom at http://ibn.fm/FLWPF

Nabis Holdings (CSE: NAB) (OTC: INNPF) (FRA: 7IP) Establishing Strong Reputation in Cannabis Sector with Anchor Investment Portfolio

  • The company’s acquisitions include fully-integrated licensed medical marijuana businesses and a cultivation/processing center in Arizona
  • Investments have been announced for strategically located properties in Michigan with 10 approved cultivation licenses and one processing license
  • An overwhelming 92 percent of states in the U.S. have legalized some form of cannabis
  • The global legal marijuana market is expected to exceed $146 billion by the end of 2025

Nabis Holdings (CSE: NAB) (OTC: INNPF) (FRA: 7IP), also known as Innovative Properties Inc., is a Canadian company focused on strategically investing in high quality cash-flow assets within the cannabis sector. These carefully selected investments are primarily located in U.S. states that have legalized some form of cannabis, from medicinal to recreational adult-use and cannabidiol (CBD) products (www.NabisHoldings.com).

The company features a strong management team, led by two of the industry’s leading operators, that is working to establish an ‘Anchor Investment Portfolio’ of high-quality assets, strategically selected over a short period of time and at the right price. Nabis Holdings specifically seeks out U.S. cannabis assets and brands now doing business in limited license states. The company’s focus on strategic revenue generation, EBITDA and growth is enshrined in its motto: ‘One team. One goal.’ Similarly, this focus is reflected in the company’s name: ‘Na bis’, which is defined as ‘repeat performance’ or ‘encore’.

To date, Nabis Holdings has announced investments capable of creating immediate value in multiple vertical cannabis businesses located in some of the nation’s largest medical marijuana markets, including Arizona, Michigan and Washington state (http://nnw.fm/GC6Mx). Nabis has also invested in Hivemind Refinery, a premium consumer CBD brand; and Bloombox, a leading intelligent retail and supply chain cannabis software platform.

Management’s hands-on approach to identifying proven operators with strong brand traction; pharma-grade cultivation, extraction and dispensaries; and other operations is quickly expanding the company’s ‘Anchor Investment Portfolio’. The company is also exploring investment opportunities in Israel, the European Union and other nations.

The global legal marijuana market is expected to reach $146.4 billion by the end of 2025, according to a Grand View Research Inc. report. Increasing medical research into utilizing cannabis or CBD to treat forms of cancer, epilepsy, mental disorders, chronic pain and other diseases is expected to propel market growth, as the report states (http://nnw.fm/B1bgw).

Nabis CEO Shay Shnet and President Mark Krytiuk have been directly involved in the cannabis industry and financial sectors for decades and were most recently founding partners of MPX Bioceutical. MPX was the subject of the largest public takeover in the U.S. cannabis industry to date, as it merged with iAnthus for C$835 million. Nabis Holdings seeks to be a leading investor with a portfolio of vertically integrated, multistate cannabis operations across the U.S. and beyond.

For more information, visit the company’s website at www.NabisHoldings.com

 

Anticipating Growing Demand, Earth Science Tech Inc. (ETST) Extends Reach into Burgeoning Cannabinoid Market

  • Earth Science Tech is well positioned to take advantage of the exploding cannabinoid industry
  • One consumer survey found that nearly 6.9 percent of adults currently use CBD as a supplement
  • The CBD product market is estimated to reach $16 billion by 2025, incentivizing all kinds of companies to create inroads into the lucrative space

Earth Science Tech Inc. (OTCQB: ETST), a Florida-based biotechnology company focused on cannabis and cannabinoid research and development, nutraceuticals, pharmaceuticals and medical devices, is well-positioned to take advantage of the growing demand for cannabinoid products by offering the highest purity and quality cannabinoids on the market.

Cannabidiol has been heralded by market analysts as a catalyst for an impending economic boom, and speculation abounds as to its ultimate market impact as legalization trickles through the United States. After the U.S. Farm Bill passed in December 2018, designating hemp-derived CBD as legal under specific stipulations, the CBD product market has taken off. According to a Cowen & Co. analysis, nearly seven percent of Americans are already using CBD products, and estimates set the potential market opportunity for the “much-hyped” cannabis compound at $16 billion by 2025 (http://nnw.fm/0ArJI).

Cowen’s consumer poll of approximately 2,500 adults, taken in January 2019, found that 6.9 percent of those surveyed use CBD as a supplement. This total was “much higher than [Cowen analysts] would have suspected,” according to analyst Vivien Azer. “Conservatively,” Cowen (http://nnw.fm/0ArJI) expects CBD use to grow to 10 percent of U.S. adults by 2025, signifying 25 million consumers and a “$16 billion market opportunity.”

Earth Science Tech’s wholly owned subsidiaries are focused on developing the company’s role as a global purveyor of CBD products, as well as expanding its work in bringing cutting-edge pharmaceutical and medical device offerings to the market. Each of its subsidiaries has a foothold in the CBD market and is focused on increasing revenues and income-stream opportunities.

The company’s cannabinoids are of the highest purity and quality on the market. ETST’s CBD oil is 100 percent natural and organic, and it’s offered in various forms of personal care goods, homeopathies, vitamins, minerals, herbs, botanicals, functional foods and more. Products are available to customers in both retail stores and via the internet for ease of purchase across all 50 states. Earth Science Tech continues to expand its product line and is in the process of developing new products with the goal of extending its reach within the medical cannabis market.

For more information, visit the company’s website at www.EarthScienceTech.com

NOTE TO INVESTORS: The latest news and updates relating to ETST are available in the company’s newsroom at http://nnw.fm/ETST

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Completes Acquisition of Large California Site with Closed-Loop Cannabis Production Potential

  • TransCanna Holdings’ purchase of a 5.5-acre site in Northern California with a 196,000-square-foot facility onsite is expected to set the stage for the company’s self-contained ecosystem to create or acquire 15 premium brands by controlling all aspects of production, distribution and sales
  • Cannabis sales in California are expected to reach $5.1 billion this year and climb to $7.7 billion by 2022
  • TransCanna’s site purchase advances plans for an additional 600,000-square-foot facility for biomass growth
  • A successful, oversubscribed private placement raised gross proceeds of C$16 million to help fund plans for the site

Cannabis branding and distribution company TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) has finalized the acquisition of “arguably the largest vertically integrated cannabis centric” multi‐purpose facility in California, setting the stage for edification of a self-contained cannabis hub operation that includes integrated divisions for transportation and distribution, cultivation and nursery, lab extraction, manufacturing and packaging.

The three-story, 196,000-square-foot facility is part of a larger 5.5-acre property purchase that the company envisions as green space, where up to 600,000 square feet of new structure can be built to grow TransCanna’s own biomass for its brands.

“Simultaneous to putting our efforts into purchasing the facility, we’ve been searching extensively for the key individuals who will be overseeing the day to day operations. We’ve made great strides over the past several weeks and should be able to start making announcements by the end of the month,” TransCanna CEO Jim Pakulis stated in a news release (http://nnw.fm/2tRtD).

The total purchase price was $15 million. The seller of the building agreed to a carry-back note of $6.75 million at seven percent interest for up to 13 months, with an initial maturity date of October 15 and the possibility of a six-month extension under a share and share warrant issuance agreement.

A brokered private placement for five million units of shares and warrants to help fund the purchase was increased to eight million units for gross proceeds of C$16 million after the investment vehicle was oversubscribed in March (http://nnw.fm/1KhNI).

The seller completed $8 million in renovation improvements prior to the purchase to bring parts of the site’s potential up to U.S. Department of Agriculture standards for safety and sanitation in processing biomass, with cannabis packaging and processing equipment included. Making the existing facility operational would require an additional investment of approximately $1.5 million. The structure has not yet been licensed for cannabis production, but TransCanna expects to use it for the varied aspects of its cannabis production and distribution operations as those permissions are granted.

“We believe the consistency in our ecosystem that we can offer, and the scale that we can create, will result in TransCanna owning a portfolio of premium brands that will materially benefit the retailer and their customers,” Pakulis added (http://nnw.fm/w1Noa).

Analysts at Arcview Market Research, partnering with BDS Analytics, forecast a legal cannabis market in the United States that will experience double-digit growth from 2018 to 2022, passing $23 billion in sales by 2022 with a 22 percent CAGR (http://nnw.fm/Nqr54). A Cannabis Business Plan report predicts that California’s cannabis market will reach $7.7 billion in annual revenues by 2022 (http://nnw.fm/R0zVS), while BDS Analytics expects sales of cannabis to hit $5.1 billion this year in California alone (http://nnw.fm/3Spl9).

For more information, visit the company’s website at www.TransCanna.com

NOTE TO INVESTORS: The latest news and updates relating to TCAN are available in the company’s newsroom at http://nnw.fm/TCAN

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive instant SMS alerts, text STOCKS to 77948

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Siyata Mobile Inc. (TSX.V: SIM) (OTCQX: SYATF) is “One to Watch”

  • Recognized in 2018 by the Toronto Venture Stock Exchange as a Top 50 Company
  • Siyata is the first and only company to offer a dedicated in-vehicle cellular solution for the next generation of fleet communication in North America.
  • New revenue streams are opening up in North American with nationwide cellular networks like Bell Mobility and two Tier 1 U.S. cellular carriers.
  • Future recurring revenue from third-party fleet application sales
  • Uniden UV350 has already been launched with Bell Canada, with U.S. carrier agreements expected in Q2 2019
  • North America presents very few to no competitors for Siyata Mobile
  • Over 1 million rugged cellular devices are sold in North America annually
  • According to the United States Department of Transportation, in 2016 there were 3.5 million First Responder vehicles and 9.7 million commercial the United States.
  • Very strong treasury, excellent liquidity on the stock

Siyata Mobile Inc. (TSX.V: SIM) (OTCQX: SYATF) is a leading global developer and provider of Push-to-Talk Over Cellular (“PTT/PoC”) systems for enterprise customers. The company specializes in connected vehicle products for professional fleets and markets its products under the Uniden® Cellular brand.

Since its inception in 2012, Siyata has amassed a customer base that includes cellular operators, commercial vehicle technology distributors, and fleets of all sizes in Canada, the U.S., Europe, Australia and the Middle East.

Recognized by the Toronto Venture Stock Exchange in 2018 as a Venture Top 50 Company, Siyata aims to deliver the highest quality and most technologically advanced mobile communication devices for global corporate workforces, fleets, homes and buildings.

The company has long been an industry pioneer, delivering the world’s first 3G connected vehicle device as well as the world’s first 4G/LTE vehicle mounted smartphone for First Responders and commercial fleets and vehicles.

Siyata is headquartered in Montréal, Québec, Canada.

Product Portfolio

Siyata’s suite of technology includes numerous PTT and legacy devices, as well as cellular boosters designed to improve cellular signals in corporate warehouses, government embassies, retirement home campuses, banks and manufacturing plants.

The company’s flagship product, the Uniden UV350, is the world’s first vehicle-mounted 4G/LTE smartphone with crystal clear quality, carrier grade PTT, voice, text, video and data applications built into a single device. Specifically designed for First Responder and commercial fleet vehicles, the UV350 runs on cellular LTE networks that provide nationwide and global coverage, replacing traditional single purpose two-way radios that require a monthly fee and limited network coverage.

The Uniden UV350 is currently available through Bell Mobility, Canada’s largest LTE network and PTT community. Expanding its availability, Siyata is completing network approval with two North American Tier 1 operators to launch the UV350 in the U.S. in 2019.

Management Team

CEO and Chairman Marc Seelenfreund is the founder of Siyata. He is also the founder of Siyata’s parent company, Accel Telecom, an Israel-based company that specializes in importing and distributing innovative cellular and IP devices to fixed line operators and mobile providers within Israel. Prior to establishing Accel, Seelenfreund was a vice president at Sunrise Corporation in New York where he focused on financing publicly traded technology companies. Seelenfreund has a law degree from Bar Ilan University, is a board member at Israel’s leading private university, and has served as an officer in the Israel Defense Forces.

Glenn Kennedy, vice president of sales, has over 25 years of sales experience in the telecommunications industry. Prior to joining Siyata in 2016, Kennedy managed sales nationally for Motorola Canada, HTC Communications Canada, and Sonim Technologies. He holds a bachelor’s degree in honors business administration from the Richard Ivey School of Business at the University of Western Ontario.

CFO Gerald Bernstein, a professional chartered accountant, has spent 20 years focusing on private equity financing and tax efficient corporate structuring in multi-jurisdictional arenas. He holds a bachelor’s degree of commerce as well as a graduate diploma in public accountancy from McGill University. Bernstein has been a member of the Canadian Institute of Chartered Accountants since 1987.

Gidi Bracha, Vice President of Technology, has served in this position since 2011 and spearheaded the development of both the Truckfone, Voyager and UV350. Bracha served in various key positions at Cellcom, Israel’s leading cellular provider, including head of car mobility products and director of type approvals. Bracha served as an engineer technician in the Anti-Aircraft division of the Air Force in the Israel Defense Forces and holds a bachelor’s degree in engineering and business management from the University of Derby.

For more information, visit the company’s website at www.SiyataMobile.com

NOTE TO INVESTORS: The latest news and updates relating to SYATF are available in the company’s newsroom at http://ibn.fm/SYATF

ChineseInvestors.com Inc.’s (CIIX) CBD Biotech Introduces Hemp-Plant Extraction and Cosmetics at Expo in Hanoi

  • CIIX’s CBD Biotechnology Co. Ltd. explored new partnership opportunities at Vietnam Expo
  • CBD Biotech exhibited self-branded, hemp-infused skin care line
  • CIIX aims to build new markets for industrial hemp products throughout Asia

ChineseInvestors.com Inc.’s (OTCQB: CIIX) wholly owned foreign enterprise, CBD Biotechnology Co. Ltd., introduced its new efforts in hemp plant extraction and associated cosmetics at the 29th Vietnam Expo in Hanoi, which was held on April 10-13. The company exhibited its self-branded, hemp-infused skin care line, establishing CBD Biotech as one of the first companies in China to offer skin care products infused with hemp oil and hemp leaf extract (http://ibn.fm/wpIGP).

Participating in the event enabled CBD Biotech to explore industrial hemp sales throughout Asia, raise its profile among potential partners and become an influencer in the market. CBD Biotech has been a pioneer in the Chinese market for hemp-infused skin care products and an originator of hemp plant extraction. The company also exhibited its hemp wine at the expo (http://ibn.fm/UvDtK).

“The Vietnam Expo continues to be an important business destination to build bridges for trade promotion, foreign relations, facilitating commerce and attracting trade between Vietnamese and foreign enterprises,” CBD Biotech CEO Summer Yun stated in a news release (http://ibn.fm/5EG6R). “We anticipate creating lucrative export opportunities and exploring possible expansion to more Southeast Asian countries and members of ASEAN.”

CBD Biotech’s current line of skin care products features the Popular Series, Live Oxygen Series, Plant Series and New Products Series.

The Vietnam Expo showcased 760 companies in more than 1,000 booths. Some 35 percent of the booths represent international companies, while 65 percent are companies based in Vietnam.

For more information, visit the company’s website at www.ChineseInvestors.com

NOTE TO INVESTORS: The latest news and updates relating to CIIX are available in the company’s newsroom at http://ibn.fm/CIIX

City View Green Holdings Inc.’s (CSE: CVGR) Retail Partner Names New CEO in Important Move for Both Companies

  • CVGR owns 19.9 percent of Budd Hutt, which will focus on attaining retail shelf space and securing distribution opportunities
  • CVGR’s seed-to-retail model is designed to grow and produce cannabis extracts in anticipation of high-quality edible products
  • Company President says that Budd Hutt’s selection of Belcher as new CEO will help transform that firm into a top retailer of cannabis and cannabis-based products

City View Green Holdings Inc. (CSE: CVGR) owns a 19.9 percent stake in Budd Hutt Inc., a retail-focused cannabis company that recently named Craig Belcher as its new CEO (http://ibn.fm/tkLGg). CVGR is fully supportive of the executive move.

“We are confident Mr. Belcher’s experience and passion will lead and transform Budd Hutt Inc. into one of the top retailers of cannabis and cannabis-based products,” CVGR President Rob Fia stated in a news release. “This is an exciting time for all of us.”

Toronto, Canada-based CVGR is a vertically integrated seed-to-sale cannabis company that’s planning to grow high-quality cannabis and produce extracts. The company anticipates producing edible products, distillates and water-soluble products for the beverage market. Its partner, Budd Hutt, will be charged with securing retail shelf space and expanding distribution opportunities for the CVGR line.

“Having City View Green as a key partner in Budd Hutt Inc., with their vertically integrated seed to sale approach, is a critical element to our future success,” Belcher added. He brings with him impressive experience in the regulated alcohol beverage and tobacco industries, as well as brand and retail savvy. Previously, he was co-founder and EVP of Brand Momentum. Regarding CVGR, Belcher added, “We are in the process of reviewing several attractive retail opportunities nationally and look forward to sharing the results in the near future.”

For more information, visit the company’s website at www.CityViewGreen.ca

NOTE TO INVESTORS: The latest news and updates relating to CVGR are available in the company’s newsroom at http://ibn.fm/CVGR

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Aiming to Revolutionize Oil Industry with Novel Heavy Crude Extraction Process

  • Petroteq Energy is developing an oil extraction technology that has the potential to follow fracking as the “next big thing” in driving America’s energy independence
  • Petroteq is developing its proof-of-concept extraction process in Utah’s east desert and recently established a benchmark for continuous production with the environmentally friendly technology
  • The company began selling oil regionally in November and is building its heavy oil production to 1,000 barrels per day

The oil and gas industry has long worked to successfully manage profit margins while keeping the nations’ transport systems humming through the continual high and low fluctuations of global crude supply pricing. The advent of shale “fracking” as an alternative means of oil extraction has granted countries such as the United States a booming domestic supply of oil.

Technology developed by oil sands extraction innovator Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) could represent the next step in the development of oil extraction technology. Unlike fracking, or hydraulic fracturing, in which high pressure water and chemicals are injected into drilled wells to force open rock fractures and release trapped oil, Petroteq’s patented closed-loop “clean” technology mines tar sand source material from land surfaces, minimizing financial and environmental risk while providing a significant investment benefit. Unlike traditional drilling, Petroteq’s closed-loop process has the advantage that, once a surface source has been identified, there is no investment risk related to exploration, because the extent of the resource is already known prior to set up.

The company’s oil production project in the eastern deserts of Utah utilizes a first-in-kind technology that’s patented in the United States and Canada to separate heavy oil from the bituminous asphalt sands. As the oil sands are mixed with a solvent solution, crushed to wring out the oil, shaken and removed for storage through a heat distillation process, the original sand material is returned to the desert floor, cleaner than when it was taken for processing.

“In fact 100 percent cleaner than it was when we took it out,” Petroteq President R. Gerald Bailey said in an interview last year (http://ibn.fm/hMFJ5). “There’s no emissions, nothing to the air and nothing to the soil… So, you could put plants on it and grow it after we get finished. So, there’s no environmental issues in this stuff and it’s very amenable to easy expansion.”

The solvent used in the separation process is recycled for use in ongoing batches of oil extraction. Petroteq’s technology avoids any concerns associated with pressurized drilling or wastewater disposal through its patented reclamation process. As such, Petroteq believes that it is on the cusp of engineering the next revolution in the oil and gas industry, while also helping the United States establish its ability to be energy self-sufficient .

As Petroteq’s economical and domestic heavy-oil extraction process proves itself, it also has the potential to fill a major market vacuum caused by restrictions in getting heavy oil from outside sources such as Venezuela and Canada (http://ibn.fm/wBnNG). The range of products available through heavy oil processing makes heavy oil preferable to light oil for oil processors, an important advantage of the Petroteq technology.

Petroteq began proving its concept by processing crude at its Asphalt Ridge operation in Utah late last year, and it recently announced that it had achieved two weeks of continuous production using the technology at a benchmark level (http://ibn.fm/2jwE7). The company began selling its oil to regional markets in November, and Petroteq believes that its lease contains 87 million barrels that it can extract over the next 20 to 30 years.

Earlier this year, the Asphalt Ridge facility underwent expansion designed to allow it to produce up to 1,000 barrels per day (bpd), which it expects to achieve within the next month and a half as the company prepares to move the facility into phase 2 of its production life cycle, building toward 4,000 bpd by year’s end (http://ibn.fm/SLvbx) and an anticipated 5,000 to 8,000 bpd by the end of 2020.

For more information, visit the company’s website at www.Petroteq.energy

NOTE TO INVESTORS: The latest news and updates relating to PQEFF are available in the company’s newsroom at http://ibn.fm/PQEFF

Sharing Services Global Corporation (SHRG) Cementing Position Among Fastest-Growing Direct-Selling Companies

  • In a rapidly growing industry, SHRG is one of fastest-growing direct-selling companies
  • Nutritional products specially formulated for happiness are part of the company’s commitment to elevating the health and wellness of others
  • The company’s strategic growth is spurred both organically and through acquisitions, as SHRG eyes a global stage

Focused on the success of home-based entrepreneurs, Sharing Services Global Corporation (OTCQB: SHRG) is a diversified holding company that owns, operates or controls an interest in a variety of companies specializing in the direct-selling industry. In the last several months alone, the company has grown by 10,000 independent sales representatives, positioning it among the fastest-growing direct-selling companies in the world.

According to the World Federation of Direct Selling Associations, 2016 saw a global market exceeding $182.6 billion, with the United States leading the way with $35.5 billion and China right behind with $33.9 billion (http://ibn.fm/LqrVf). Statista reports that, in 2017, the direct-selling market generated nearly $190 billion, with wellness products accounting for 33.8 percent of total industry sales.

According to the Direct Selling Association, roughly 18 million people participated in direct selling in the United States last year alone. As of January 2019, SHRG has reported 29,000 Elepreneurs, 200,000 customers and $65 million in revenue since its product launch in December 2017 (http://ibn.fm/qiPZB).

Several strengths make SHRG stand out from its direct-selling competition. These include nutritional products that promote happiness, the company’s unique Blue Ocean Strategy and the rapid growth of its home-based entrepreneurs, or Elepreneurs – a term coined by the company.

Elepreneurs LLC was launched in December 2017 and is a wholly owned subsidiary of SHRG. Structured to contract with companies to promote and sell products through a direct-selling model, Elepreneurs is dedicated to elevating the health, wellness and happiness of others. Using relationship and word-of-mouth marketing, the company is training its home-based entrepreneurs to organically reach consumers in an extremely cost-effective and personal approach.

Elevacity Global LLC is also a wholly owned subsidiary of SHRG. Elevacity utilizes the Elepreneurs to promote its specially formulated nutritional products to consumers. Its powerful products are made with scientifically-backed ingredients that stimulate the happiness hormones dopamine, oxytocin, serotonin and endorphins, which the company refers to as D.O.S.E. The vision behind Elevacity is to elevate lives through both products and services.

SHRG is strategically implementing a diversified growth strategy, which includes growth organically and through acquisitions, both inside and outside of the United States. The company’s recent name change — from Sharing Services Inc. to Sharing Services Global Corporation —reflects this international growth strategy.

For more information, visit the company’s website at www.SHRGInc.com

NOTE TO INVESTORS: The latest news and updates relating to SHRG are available in the company’s newsroom at http://ibn.fm/SHRG

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Advancing Adult-Use Profile in Canada, Medical-Use Options Internationally

  • The Supreme Cannabis Company is building on its motto to “simply grow better” by increasing flowering space, rolling out a new product line and entering international trade
  • The company expects to begin limited distribution of a new proprietary cannabis oil line this month, with expanded reach by June, including a yet-to-be announced brand
  • Supreme Cannabis’ subsidiary, 7ACRES, is a ‘Brand of the Year’ award recipient that will provide the input trim for the high-terpene, adult-use oil product line

Premium cannabis producer The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) is making final preparations for this month’s roll out of its oil products line to adult-use consumers in select Canada markets, taking yet another step forward in its push to “simply grow better” while it also develops its international operations.

The proprietary oil product line, including a new, yet-to-be-announced brand, will use the company’s super-critical CO2 technology to deliver a purified cannabis oil reformulated with naturally occurring terpenes, as found in subsidiary 7ACRES’ trademarked High-End Cannabis, for an award-caliber plant-based experience. The company is anticipating a limited introduction this month, with expansion to a handful of Canadian provinces by June (http://ibn.fm/9lgSr).

7ACRES has received numerous honors, including recognition as ‘Brand of the Year’ at the 2018 Canadian Cannabis Awards conducted each year by Lift & Co. (TSX.V: LIFT). Supreme Cannabis President and Founder John Fowler was recently recognized by High Times as one of its ‘100 Most Influential People in Cannabis’ (http://ibn.fm/6HZxc), further demonstrating the company’s gravitas.

Supreme Cannabis entered a three-year contract last year with MediPharm Labs Inc. to create the proprietary oil product line. Under the agreement, 7ACRES will supply a minimum of about 1,000 kilograms of high-quality cannabis trim each year to MediPharm as source material for chemical property extraction and the production of at least 200,000 40-millileter units of premium, high-terpene adult-use cannabis oil products (http://ibn.fm/M3K19). The oil products will then be sold under Supreme Cannabis’ brands.

7ACRES’ existing award-winning brand is currently available through agreements with eight of Canada’s 10 provinces.

The company has been boosting its output capacity ahead of the expected product growth. In March, Supreme Cannabis announced that it will increase its flower cultivation space by 60,000 square feet following approvals granted by Health Canada for new rooms at its Ontario facility. The new growth will increase the facility’s flowering space to 180,000 square feet, utilizing 18 flowering rooms for an estimated 26,250 kilograms of annual production output.

Once licenses have been finalized for the facility’s remaining seven flowering rooms later this year, output is expected to nearly double to approximately 50,000 kilograms (http://ibn.fm/n0QPf).

Supreme Cannabis is building on its coast-to-coast supplier status through additional agreements that include a long-term global distribution strategic alliance with Medigrow Lesotho (PTY) Limited for medical cannabis oil to be produced in Lesotho and exported to international markets, as well as a letter of intent with Malta Enterprises, the economic development agency of the Mediterranean island nation, to use one of Europe’s principal commercial entry points for exporting medical-use cannabis to international markets in the European Union, pending the acquisition of necessary licenses.

For more information, visit the company’s website at www.Supreme.ca

NOTE TO INVESTORS: The latest news and updates relating to SPRWF are available in the company’s newsroom at http://ibn.fm/SPRWF

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