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Hollister $HOLL.ca $HSTRF Provides Comment on Approval of Recreational Cannabis in Arizona $CRON $GTBIF $INDS $META.ca $FAF.ca $WEED.ca

Posted by AGORACOM-JC at 10:58 PM on Wednesday, November 4th, 2020
https://prnewswire2-a.akamaihd.net/p/1893751/sp/189375100/thumbnail/entry_id/1_dd2snc3b/def_height/400/def_width/400/version/100011/type/1
  • Company comments on the successful passage of Proposition 207 – legalizing the cultivation, sale and consumption of recreational cannabis in the state of Arizona
  • “Seeing recreational Cannabis legalized in the state is an encouraging sign and is hopefully another step toward federal legalization. It should lead to increased tax revenue and job creation. The recreational cannabis market in Arizona could be valued at up to US $760 million by 2024…” Shared Jacob Cohen , Founder of Venom Extracts, Hollister’s 100% owned subsidiary based in Arizona .

VANCOUVER, BC , Nov. 4, 2020 – Hollister Biosciences Inc. (CSE: HOLL) (OTC: HSTRF) (FRANKFURT: HOB) (the ” Company “, ” Hollister Cannabis Co. ” or ” Hollister “) a diversified cannabis branding company with products in over 280 dispensaries throughout California , and over 80 dispensaries throughout Arizona provides comment on the successful passage of Proposition 207 – legalizing the cultivation, sale and consumption of recreational cannabis in the state of Arizona .

“Seeing recreational Cannabis legalized in the state is an encouraging sign and is hopefully another step toward federal legalization. It should lead to increased tax revenue and job creation. The recreational cannabis market in Arizona could be valued at up to US $760 million by 2024 1 , significantly expanding the total addressable market for Cannabis in the state. We look forward to making our product line available to both the medical and recreational end user.” Shared Jacob Cohen , Founder of Venom Extracts, Hollister’s 100% owned subsidiary based in Arizona .

Arizona Presence

Hollister , through its 100% owned subsidiary, Venom Extracts (” Venom “), is one of Arizona’spremier extract brands and one of the state’s largest producers of award-winning medical cannabis distillate and related products. With an experienced management team and unparalleled reputation for quality, Venom prides itself as a differentiated extraction company by producing legal cannabis products at a price point that allows retailers to generate higher profits. Focused on proprietary efficiencies, Venom is able to produce more product per square foot than its competition, maintaining lower costs and risks than a typical extraction company.

Website: www.venomextracts.com

About Hollister Biosciences Inc.

Hollister Biosciences Inc. is a multi-state cannabis company with a vision to be the sought-after premium brand portfolio of innovative, high-quality cannabis & hemp products. Hollister uses a high margin model, controlling the whole process from manufacture to sales to distribution or seed to shelf. Products from Hollister Biosciences Inc. include HashBone, the brand’s premier artisanal hash-infused pre-roll, along with concentrates (shatter, budder, crumble), distillates, solvent-free bubble hash, pre-packaged flower, pre-rolls, tinctures, vape products, and full-spectrum high CBD pet tinctures. Hollister Cannabis Co. additionally offers white-labeling manufacturing of cannabis products. Our wholly owned California subsidiary Hollister Cannabis Co is the 1st state and locally licensed cannabis company in the city of Hollister, CAbirthplace of the “American Biker”.

Website : www.hollistercannabisco.com

The CSE, nor its regulation services provider, does not accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Information: This news release includes certain statements that may be deemed “forward-looking statements”. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “would”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com

 
1 Source:  Marijuana Business Daily

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SOURCE Hollister Biosciences Inc.

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How Cannabis-Based Therapeutics Could Help Fight #COVID Inflammation – SPONSOR: Innocan Pharma $INNO.ca $IN.ca $AXIM $LABS $CRDL.ca $TBP.ca

Posted by AGORACOM-JC at 5:51 PM on Wednesday, November 4th, 2020
Innocan-Blog
  • InnoCan Pharma and Tel Aviv University are collaborating to explore the potential for CBD-loaded exosomes (minute extracellular particles that mediate intracellular communication, including via innate and adaptive immune responses)
  • The group plans to use these loaded exosomes to target and facilitate recovery of COVID-19–damaged lung cells
  • From a broader perspective, the prospects for harnessing cannabinoids for immune modulation will be more thoroughly explored in a special issue of Cannabis and Cannabinoid Research

By: Liz Scherer

Editor’s note: Find the latest COVID-19 news and guidance in Medscape’s Coronavirus Resource Center.

Plagued by false starts, a few dashed hopes, but with perhaps a glimmer of light on the horizon, the race to find an effective treatment for COVID-19 continues. At last count, more than 300 treatments and 200 vaccines were in preclinical or clinical development (not to mention the numerous existing agents that are being evaluated for repurposing).

There is also a renewed interest in cannabinoid therapeutics — in particular, the nonpsychoactive agent cannabidiol (CBD) and the prospect of its modulating inflammatory and other disease-associated clinical indices, including SARS-CoV-2–induced viral load, hyperinflammation, the cytokine storm, and acute respiratory distress syndrome (ARDS).

Long hobbled by regulatory, political, and financial barriers, CBD’s potential ability to knock back COVID-19–related inflammation might just open doors that have been closed for years to CBD researchers.

Why CBD and Why Now?

CBD and the resulting therapeutics have been plagued by a complicated association with recreational cannabis use. It’s been just 2 years since CBD-based therapeutics moved into mainstream medicine — the US Food and Drug Administration (FDA) approved Epidiolex oral solution for the treatment of Lennox-Gastaut syndrome and Dravet syndrome, and in August, the FDA approved it for tuberous sclerosis complex.

CBD’s mechanism of action has not been fully elucidated, but on the basis of its role in immune responses — well described in research spanning more than two decades — it’s not surprising that cannabinoid researchers have thrown their hats into the COVID-19 drug development ring.

The anti-inflammatory potential of CBD is substantial and appears to be related to the fact that it shares 20 protein targets common to inflammation-related pathways, Jenny Wilkerson, PhD, research assistant professor at the University of Florida School of Pharmacy, Gainesville, Florida, explained to Medscape Medical News.

Among the various trials that are currently recruiting or are underway is one that is slated for completion this fall. CANDIDATE (Cannabidiol for COVID-19 Patients With Mild-to-Moderate COVID-19) is a randomized, controlled, double-blind study led by Brazilian researchers at the University of Sao Paulo. The study, which began recruitment this past August, enrolled 100 patients, 50 in the active treatment group (who received capsulated CBD 300 mg daily for 14 days plus pharmacologic therapy [antipyretics] and clinical measures) and 50 who received placebo.

Read Full Article: https://www.medscape.com/viewarticle/940265#vp_3

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The Hummer EV, the Harley-Davidson E-Bike and Higher Ed. SPONSOR: Lomiko Metals $LMR.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM at 4:50 PM on Wednesday, November 4th, 2020

SPONSOR: Lomiko Metals is focused on the exploration and development of minerals for the new green economy such as lithium and graphite. Lomiko has an option for 100% of the high-grade La Loutre graphite Property, Lac Des Iles Graphite Property and the 100% owned Quatre Milles Graphite Property. Lomiko is uniquely poised to supply the growing EV battery market. Click Here For More Information

  • Electrification, online learning, alternative credentials and low-cost degrees at scale.

October was a big month for us electric mobility nerds. First came the Hummer EV reveal, and next came the announcement of a Harley-Davidson electric bike.

What about this $112,595 1,000-horsepower electric vehicle, this still unknown price or specifications e-bike, has anything to do with colleges and universities? The answer to this question depends on how you think about the future of higher ed.

For cars and trucks, the destination of the future is clear, if not the timing. Eventually, at some point, batteries will replace internal combustion. Electric cars are not only emissions-free, they contain exponentially fewer moving parts than traditional vehicles. The electric car or truck of the future will be simpler to produce and will have few parts to break down. This simplicity and reliability will eventually drive down the total costs of ownership.

How long the transition to electric vehicles takes will depend on how long it takes for battery technology to improve. While coming down in price quickly, batteries large enough to power a car for any reasonable range are still hugely expensive. Beyond range anxiety, charging times remain significantly longer than filling up a gas tank, and the charging infrastructure is nowhere near as built out as gas stations.

The Hummer EV is straight out of the Tesla playbook for vehicle electrification. Start with a high-priced luxury model and then use those revenues to drive down the production costs for less expensive models. Nobody needs a $112,000 electric truck. I highly doubt that almost any Hummer EV buyers will drive the thing off-road. The Hummer EV is a status symbol, pure and simple. We may think that this thing is ridiculously over-the-top, but if it helps get us to the transition to affordable electric vehicles, we are happy that GM is going for it.

In higher ed, neither the future destination nor timing is as clear as it is with cars and trucks. There are no direct analogs for internal combustion engines or batteries across the postsecondary ecosystem.

However, we can make some broad projections about the dominant trends shaping the future of higher education. As with the need to move away from internal combustion due to the necessity to decarbonize in the face of a climate emergency, higher ed faces its own reckoning in the form of demographic shifts and diminished public funding. The environment that almost every college and university must navigate will only get more challenging in the years to come. The declining number of high school graduates in the Northeast and Midwest, combined with dwindling state support levels, will force schools to evolve their business models.

Just as GM is not doing away with gas-powered cars, colleges and universities will not abandon their core residential degree programs. These residential degree programs, however, will be increasingly joined and supplemented by online programs. Schools have no choice but to go after new markets for students, especially at the master’s level. The full-time master’s student will still exist but in ever-diminishing proportions. The future of graduate school belongs to the adult working professional, and that means online programs.

The question is, will most schools stop at online learning? I don’t think so. We are likely to see an industrywide shift to both alternative online credentials (certificates) and lower-cost online degrees at scale. If online education is like vehicle batteries, alternative credentials and low-cost scaled degrees are like autonomous driving. The future of mobility is not only electric but also self-driving (and perhaps ride sharing).

Today, autonomous vehicles are still controversial. Nobody knows when the self-driving future will arrive, and automakers are pursuing different strategies to develop these technologies. Alternative online credentials and low-cost degrees at scale are similarly controversial within higher ed. Some schools are going all out in creating that future. Others are hanging back. Like auto companies, colleges and universities that wait too long to develop the capabilities for certificates/scaled degrees might find themselves on the wrong side of the future.

What about the electric bicycle from Harley-Davidson? I think that lesson here is about a willingness to experiment. Harley might find that e-bikes serve as a gateway drug to electric motorcycles. Who knows. A technology-forward electric bike will make the Harley brand relevant to a segment of consumers that doesn’t think much about motorcycles.

Too often, colleges and universities are afraid to experiment in adjacent sectors (motorcycles to e-bikes) out of fear of damaging their brands. Many more colleges and universities could be following the lead of Georgia Tech or Boston University or Illinois by offering affordable online degrees at scale. We don’t know if these scaled online programs can be delivered with high quality or if offering them reduces the demand for existing residential programs.

The only way to figure this out, however, is to experiment. If a company as traditional as Harley-Davidson can try something new with an e-bike, shouldn’t we be willing to do the same?

SOURCE: https://www.insidehighered.com/blogs/learning-innovation/hummer-ev-harley-davidson-e-bike-and-higher-ed

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D.C. Voters Appear to Approve Ballot Question to Decriminalize Psychedelic Mushrooms SPONSOR: Red Light Holland $TRIP.ca $SHRM.ca $RVV.ca $CMPS $MMED $PLNT.ca

Posted by AGORACOM at 3:38 PM on Wednesday, November 4th, 2020

SPONSOR: Red Light Holland (CSE: TRIP) is engaged in the production, growth and sale (through existing Smart Shops operators and an advanced e-commerce platform) of a premium brand of magic truffles to the legal, recreational market within the Netherlands. Learn more.

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A D.C. ballot initiative to decriminalize the use of magic mushrooms and other psychedelic substances had a commanding lead Tuesday after a months-long campaign in which supporters collected signatures during the height of the coronavirus pandemic.

Voters were deciding whether the nation’s capital would join a handful of cities moving to decriminalize certain psychedelic plants and fungi. The measure states it would make prosecution of those who use and sell the substances “among the Metropolitan Police Department’s lowest law enforcement priorities.”

Early results showed the measure had the approval of about three-quarters of voters.

The D.C. Board of Elections allowed Initiative 81, also known as the Entheogenic Plant and Fungus Policy Act of 2020, on the ballot amid a $700,000 campaign in which proponents collected 25,000 signatures during the pandemic. The board’s decision came amid a nationwide debate about policing and the medical value of psychedelic drugs, which supporters say are beneficial in treating trauma.

The nation’s capital appeared to become at least the fifth jurisdiction in the nation with some form of decriminalized psychedelics, joining Denver; Oakland, Calif.; Santa Cruz, Calif.; and Ann Arbor, Mich., where the city council approved decriminalization in September. Oregon voters were casting ballots Tuesday on two related statewide initiatives.

The D.C. version was introduced by Melissa Lavasani, a city government employee who used microdoses of psychedelic mushrooms to help her recover from postpartum depression. Speaking Tuesday night to supporters of the measure, she said she hopes it’s a step toward normalizing plant medicine for the purpose of healing.

“We have changed the game here. We have shifted this dialogue,” she said. “We are trying to normalize mental health.”

If approved, the ballot initiative would go to the D.C. Council for review. If the council doesn’t overturn the measure — as it did in 2018 with an initiative that would have mandated a $15-per-hour minimum wage for tipped workers — it will be sent to Congress for review. If Congress doesn’t object within 30 legislative days — as it did when it blocked D.C.’s attempt to legalize marijuana in 1998 — the initiative would go into effect.

Lindsey Walton, a spokeswoman for D.C. Council Chairman Phil Mendelson (D), said in an email he “does not have a strong position on the initiative either way” and did not plan to block it if it passed.

In February, the D.C. Board of Elections approved Initiative 81 after supporters argued that ibogaine, mescaline and the hallucinogen psilocybin, among other chemicals, help people recover from post-traumatic stress disorder and addiction.

D.C. Mayor Muriel E. Bowser (D) said late last month that she would vote against the initiative.

“It seems like the issue is not an organically D.C.-created initiative, and I don’t typically favor those. I won’t be voting for it,” she said.

D.C. Mayor Bowser says she’ll vote ‘no’ on ballot question on psychedelic mushrooms

In September, D.C. Department of Health Director LaQuandra Nesbitt said it would be “very difficult” for her to support the use of psychedelic substances without further information about their long-term side effects.

“People talk about things being plant-based as if that makes them automatically healthy,” she said, noting that opioids and tobacco also come from plants.

Supporters of the campaign, funded by a political action committee supported by, among others, natural soap company Dr. Bronner’s, plastered D.C. with signs and paid more than 150 people as much as $10 per name to collect the signatures needed to get the initiative on the ballot. One-third of the signatures were collected virtually or by mail — a first for a D.C. ballot initiative — after the D.C. Council allowed remote collection in May amid the pandemic.

Supporters suspended their collection of signatures when Bowser declared a public health emergency in March. They turned to remote collection when the D.C. Council allowed signatures to be returned electronically and by mail in May. While there was little visible campaigning against the ballot measure, D.C. voters weighed in on the proposal at the polls

Lizzy Hampton, a 20-year-old student at George Washington University, voted early at School Without Walls High School last week. She said possessing such substances shouldn’t result in criminal penalties.

“People should have access to medicinal substances recreationally,” she said.

Darlene Frederick, a 70-year-old retiree who voted at the Columbia Heights Community Center, had a different view.

“I voted no because I thought it was silly,” she said. “Hallucinogenic drugs? Maybe I’m old.”

SOURCE: https://www.washingtonpost.com/local/dc-politics/dc-magic-mushrooms-result/2020/11/03/bb929e86-1abc-11eb-bb35-2dcfdab0a345_story.html

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“Blockchain is going to change everything we know,” says Jim Rogers – SPONSOR: Blockchain Foundry $BCFN.ca $HUT.ca $BITF.ca $GLXY.ca $HIVE.ca $VYGR.ca

Posted by AGORACOM-JC at 3:15 PM on Wednesday, November 4th, 2020

SPONSOR POST:

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BCFN:CSE

  • A leading North American blockchain development firm
  • 2020 H1 Revenue Of ~$900,000
    • 187% Year Over Year Growth
    • Positive Net Income
  • Self sustaining consulting practice with growing pipeline and potential upside from product development and commercialization
  • Partnered with Binance, the largest digital asset trading platform in the world, to leverage the Syscoin platform.
  • A Blockchain company with Real Products, Real Customers, Real Revenues and Real Income
  • Blockchain Foundry is a “Blockchain 2.0” company that has survived and will thrive  

Hub On AGORACOM / Corporate Profile

Jim rogers on elections, gold & blockchain!

  • When it comes to elections, Jim Rogers has always maintained a simple stance – the markets are not going to change that much!   
  • Rogers affirms his positive stance on Gold & Silver, asks investors not to sell. He owns a few US Dollars too. “When the US$ gets overpriced in the next year or 2 or 3 then i will sell it. I hope I get my timing right”, says Jim Rogers. 
  • Rogers identifies Blockchain as the next big disruptor to economies, industries and jobs 

By: Mubina Kapasi | Senior Research Analyst

When it comes to elections, Jim Rogers has always maintained a simple stance – the markets are not going to change that much! He does note though that history shows that if the incumbent president wins then the stock market is likely to go up next year but if the challenger wins then the odds are lower. The challenger tends to have a ‘clean up’ attitude, according to Rogers. But he does add that regardless of who the boss of the White House will be, the Fed and Central Banks world over will continue printing money.

On the candidates and their expected policies, Rogers says economies never like taxes being raised which is something Joe Biden has indicated as his potential policy action. Raising taxes has rarely been good for the market, says Rogers. He further expects Democrats to curtail the big energy firms, break up the big tech companies. 

His allegiance to Gold & Silver remains. Rogers continues to maintain his stance of an expected continued run-up in both precious metals and advises investors to not sell any of these. He continues to own a few US Dollars as well. “When the US$ gets overpriced in the next year or 2 or 3 then I will sell it. I hope I get my timing right,” says Rogers. 

Rogers identifies BlockChain as the next big disruptor. “Blockchain is going to change everything we know,” says Rogers. He believes that some big financial firms could even disappear in the tech wave while some may manage to make the Banking-Fin Tech transition.

Source: https://www.timesnownews.com/india/article/jim-rogers-on-elections-gold-blockchain/677352

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As China Goes Green, Copper Market Expected to Tighten Further SPONSOR: Candente Copper $DNT.ca $CN.ca $FCX.ca $TECK.ca $FSUGY $PER.ca

Posted by AGORACOM at 2:28 PM on Wednesday, November 4th, 2020
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The most pessimistic forecasts of copper demand, and pricing, during the worst pandemic in 102 years, have failed to materialize.

From a four-year low in March, when the coronavirus slammed into Europe and North America, the red metal used widely in construction, communications, transportation and energy transmission, has mounted a serious comeback.

As of this writing spot copper is trading at $3.08 per pound, compared to around $2.10/lb in mid-March – a gain of 46%. The spot price has stayed above $3.00 since Oct. 8 – which is remarkable considering the reports of impending economic doom, amid a second wave of covid-19 infections in Europe and North America.

The following analysis by AOTH has copper showing no signs of slowing down; in fact, while the copper market was tight before the pandemic began, we expect it to tighten even further, due to a constellation of factors, starting with China.

The Chinese economy became the first major world economy to return to its pre-virus growth trajectory, when it posted positive numbers in the second quarter. Recent figures from China’s National Bureau of Statistics indicate that third-quarter GDP growth is up 4.9% from a year ago. Between April and June, Q2, the bureau reported a 3.2% rise. The Chinese are well ahead of their trading rivals as they strive to put the pandemic for which they were responsible, behind them.

According to the World Bank and the OECD, the Chinese economy in 2020 will grow 2% – the only G20 country to mark positive economic output this year. Beijing has managed to largely contain the virus in recent months after the pandemic shut down its economy. Commerce and travel have been allowed to resume, which is driving economic growth and fueling demand for copper and other industrial metals, like aluminum and nickel, whose prices are also climbing.

Other reasons for a rising copper price include covid-related restrictions imposed on the copper mining industry, along with speculative interest in the metal due to a weaker US dollar.

Copper output from the world’s top 10 producers declined 3.7% during the second quarter, due to nation-wide lockdowns in Chile, Peru and Mexico.

China’s copper dominance

Chinese growth statistics have always figured prominently in copper price forecasts – no surprise considering that China is responsible for just under half of the world’s production of copper and copper alloys semis, the industry term for first-stage products made from refined copper.

The Asian superpower is also the largest importer of unwrought copper, along with copper ores and concentrates.

Its manufacturing sector back on track, China’s copper imports rose sharply over the past four months; in September, the country imported 62% more copper than the same month in 2019. Unwrought copper imports of 4.9 million tonnes during the first nine months of the year, were up 41% from the same period last year.

According to Reuters columnist Clyde Russell, China has been vacuuming up copper, boosting the price at a time when demand elsewhere in the world was looking sickly as the virus spread.

Why is China importing so much copper? Russell claims the buying spree is being driven by Beijing’s stimulus spending following the national lockdown during the first four months of the year. But he also says it is likely that substantial volumes of copper are flowing into stockpiles, either strategic or commercial.

We agree, and have been writing quite a bit about this lately.

Obviously we can’t say for sure, given China’s opaque statistics, but we suggest a good chunk of the raw materials are going into bulking up the Chinese Military, in particular its navy patrolling the South China Sea. In other words, China is preparing for war.

The mining industry’s experience of China locking up the world’s mineral resources testifies to how far the Chinese will go to ensure their ever-growing demand for mined commodities is met.

Locking up supply

While iron ore ad copper were the hot targets of overseas acquisitions by Chinese firms as they sought to feed an economy that up until 2015 was growing at double digits, the Chinese have also gone after gold, nickel, tin and coking coal. More recently the most desired metals are those that feed into the global shift from fossil fuels to the electrification of vehicles. This has meant a hunt for lithium, cobalt, graphite, copper and rare earths – metals that are used in electric vehicles, of which China has become the world’s leading manufacturer. EVs use a lot of copper, four times as much as a regular vehicle, and China hasn’t been shy about boosting its copper reserves to meet expected demand.

Two large Peruvian copper mines are owned by Chinese companies. Chinese state-run Chinalco owns the Toromocho copper mine, while the La Bambas mine is a joint venture between operator MMG (62.5%), a subsidiary of Guoxin International Investment Co. Ltd (22.5%) and CITIC Metal Co. Ltd (15%). The Chinese-backed Mirador mine in Ecuador opened in 2019.

Most of the metal produced under these off-take agreements will NEVER come to the market anyplace other than in China. Those metals that do, can have their supply shut down any time the Chinese want.

In Brazil, Chinese banks and investment groups have committed $15 billion of a $20b China-Brazil Fund, launched in 2016 to finance infrastructure projects.

The Made in China 2025 initiative, which aims to make China’s copper industry more efficient, is expected to grow Chinese copper demand by an additional 232,000 tonnes by 2025. This isn’t counting the need for more copper for railways, electric vehicles, car motors and power transformers.

SOURCE: http://www.marketoracle.co.uk/Article67933.html

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Arizona Voters Approve #Marijuana Legalization Ballot Measure SPONSOR: Hollister Biosciences $HOLL.ca $HSTRF $CRON $GTBIF $INDS $META.ca $FAF.ca $WEED.ca

Posted by AGORACOM-JC at 2:15 PM on Wednesday, November 4th, 2020

SPONSOR: Hollister Biosciences Inc. (HOLL:CSE) A vertically integrated Cannabis company with products in 280 California dispensaries, over 80 dispensaries throughout Arizona, joint ventures, licensing agreements and partnerships with Global brands. For the period beginning July 1 st , 2020 and ending September 30 th , 2020, Hollister generated record quarterly revenue of CDN$ 12.5 million and CDN$ 1.265 million in EBITDA. Learn More.

Arizona Voters Approve Marijuana Legalization Ballot Measure

  • A measure to legalize marijuana has been approved by Arizona voters, according to a projection by the Associated Press.
  • Advocates have paid close attention to the ballot initiative, as the state’s voters rejected a prior legal cannabis proposal in 2016.
  • Under the new legalization law, adults will be able to possess up to an ounce of marijuana at a time and cultivate up to six plants for personal use.

By Kyle Jaeger

AZ Proposition 207: Legalize Marijuana

CandidateVotesPercent
Yes done1,596,54859.85%
No1,071,25540.15%

2,667,803 votes counted. 81.64% – 98.11% in.

Results tracker sponsored by ETFMG | MJ.

“Until now, Arizona had imposed some of the strictest prohibition laws in the country; in some instances, the possession of even small amounts of marijuana was classified as a felony,” NORML Executive Director Erik Altieri said. “By rejecting this failed policy, no Arizonan going forward will be saddled with a criminal conviction for engaging in the personal possession or cultivation of cannabis, or face the lifelong stigma that comes with it.”

“Proposition 207 will disrupt the illicit market, end low-level marijuana arrests, create jobs and new revenue,” he added. “This result once again shows that marijuana legalization is not exclusively a ‘blue’ state issue, but an issue that is supported by a majority of all Americans—regardless of party politics.”

Polling was mixed heading into Election Day, with surveys consistently showing the proposal ahead, though by differing margins. In September, the Smart and Safe Arizona campaign shared an internal poll with Marijuana Moment that showed 57 percent of likely voters supported the  initiative, but a separate survey found just 46 percent in favor of the policy change. Additional polls last month showed the cannabis measure with a significant and growing lead.

The measure also contains several restorative justice provisions such as allowing individuals with prior marijuana convictions to petition the courts for expungements and establishing a social equity ownership program.

Cannabis sales will be taxed at 16 percent. Tax revenue will cover implementation costs and then be divided among funds for community colleges, infrastructure, a justice reinvestment and public services such as police and firefighters.

The Department of Health Services will be responsible for regulating the program and issuing cannabis business licenses. It will also be tasked with deciding on whether to expand the program to allow for delivery services.

The law technically goes into effect upon passage and after the voters are certified, which is expected to take place on November 30. After that point adults could legally use, possess and cultivate cannabis. However, regulators will still have to promulgate rules for overseeing the commercial industry. They can issue licenses starting in January 2021, and the first shops could be approved by February 1.

“Just four years after legalization was narrowly defeated, voters in Arizona turned out to send a clear message that they support marijuana legalization,” Steve Hawkins, executive director of the Marijuana Policy Project, said. “Following this victory, adults will no longer be treated as criminals for using a substance that is safer than alcohol and will be able to access it from safe and regulated businesses.”

Like other drug policy reform campaigns throughout the U.S., Smart and Safe Arizona faced significant obstacles qualifying its measure for the ballot amid the coronavirus pandemic.

At one point, activists asked the state Supreme Court to allow them to collect signatures electronically amid social distancing mandates, but that request was rejected.

Ultimately, the campaign submitted about 420,000 raw signatures. Secretary of State Katie Hobbs said that her office verified the petitions and determined that approximately 255,080 valid signatures were turned in. At least 237,645 were needed to qualify.

Opponents of the proposal, including Gov. Doug Ducey (R), released official voter guide arguments against the initiative in August. Supporters filed arguments as well, and all were circulated to voters in a pamphlet printed by the state.

Prohibitionists also released a series of attack ads that including misleading claims about what the measure would do and what has occurred in states that have already enacted cannabis legalization.

Source: https://www.marijuanamoment.net/arizona-voters-approve-marijuana-legalization-ballot-measure/

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#ACMilan and #Casemiro push the button on new #Esports teams SPONSOR: FansUnite Entertainment $FANS.ca $FUNFF $SCR.ca $BRAG.ca $TNA.ca $FDM.ca $JJ.ca

Posted by AGORACOM-JC at 1:50 PM on Wednesday, November 4th, 2020

SPONSOR:  FansUnite Entertainment Inc (FANS:CSE) The global online gambling market could potentially hit $1 TRILLION by the end of this decade. FansUnite is well positioned to capitalize on this trend. The company has a full suite of B2B and B2C services and has facilitated over $350M in bets from its 300,000 registered users. The company has also signed with a leading online casino games aggregator to distribute its proprietary Random Number Generated (RNG) games to online casinos and sportsbooks in the European market which will see their RNG games available to over 120 online casino websites. Learn More.

AC Milan and Casemiro push the button on new esports teams

  • Serie A’s AC Milan has entered the esports with a strategic partnership with Italian organisation QLASH to form a new team that will be called AC Milanm QLASH
  • The new team will compete in both EA Sports’ FIFA 21 competitions as well as individual and team combat game Brawl Stars
  • Football links to esports is not just confined to clubs
  • Brazil and Real Madrid midfielder Carlos Henrique Casemiro has launched an esports team called CaseEsports

November 4 – Serie A’s AC Milan has entered the esports with a strategic partnership with Italian organisation QLASH to form a new team that will be called AC Milanm QLASH.

The new team will compete in both EA Sports’ FIFA 21 competitions as well as individual and team combat game Brawl Stars.

QLASH already has players in both games and AC Milan QLASH will debut at the Brawl Stars World Finals later this month. Paris St Germain, who have expanded their esports activity beyond the football video game platforms, will also be at the Brawl Stars finals.

Casemiro strikes

Football links to esports is not just confined to clubs. Brazil and Real Madrid midfielder Carlos Henrique Casemiro has launched an esports team called CaseEsports.

His team will play on the Counter-Strike: Global Offensive game platform and already has a number of players signed up who will be based in a gaming house in Madrid.

Casimiro has already lined up a number of sponsors for CaseEsports including gaming chair maker Drift, HyperX, Spanish glasses maker Hawkers, and BŮH.

The team will debut officially in the upcoming DreamHack  Open qualifiers in December.

Source: http://www.insideworldfootball.com/2020/11/04/ac-milan-casemiro-push-button-new-esports-teams/

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Loop $MTRX.ca $RACMF Successfully Completes Your #CBD Store 20 Location Pilot and Now Set to Rollout All 550 Retail Locations as Well the Company Announces Completion of #Shopify $SHOP Point of Sale Integration $AT.ca $QTRH.ca $SNSR $BSQR $PTS.ca

Posted by AGORACOM-JC at 7:26 AM on Wednesday, November 4th, 2020
https://miro.medium.com/max/3150/1*f9msDHyceA_TbRM30jQhsw.png
  • Announced the successful completion of initial 20-store pilot and will now roll out all 550 Your CBD Store retail locations
  • Your CBD Store is the largest CBD brick-and-mortar retailer in the United States with over 550 locations across 41 states
  • The Your CBD Store expansion includes the implementation of Loop’s data insights platform across 170 new stores by the end of 2020 and an additional 380 stores in Q-2 of 2021
  • In addition, Loop has now completed its integration with Shopify’s application programming interface (API), providing Loop access to the 500,000 merchants currently using the Shopify platform

VANCOUVER, British Columbia, Nov. 04, 2020 – Loop Insights Inc. (MTRX:TSXV) (RACMF:OTCQB) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, enhanced customer engagement, and automated venue tracing to the brick-and-mortar space, announces the successful completion of initial 20-store pilot and will now roll out all 550 Your CBD Store retail locations.

Loop to Generate Monthly Recurring Revenue From 550 Your CBD Store Locations

Your CBD Store represents the company’s second deal through Vend and its first franchise customer, as announced on August 12, 2020. Your CBD Store is the largest CBD brick-and-mortar retailer in the United States with over 550 locations across 41 states. The Your CBD Store expansion includes the implementation of Loop’s data insights platform across 170 new stores by the end of 2020 and an additional 380 stores in Q-2 of 2021.

Global Vend Sales Team Now Actively Selling Loop Platform to Its 25,000 Customers in 140 Countries

Loop will significantly benefit from Vend’s large global sales team pushing Loop’s products and services to its current 25,000 retail customer base. With Loop’s Insights and Analytics service gaining traction, Loop will now look to introduce its automated marketing service to the Vend sales channel, which will provide additional recurring revenue opportunities through monthly SAAS as well as potential revenue share opportunities.

Loop CEO, Rob Anson, states, “channel reseller agreements, such as Vend, provide us with a stable path to revenue that can be replicated over and over again. Our current “Insights” pricing model is $50 per month per till, with an average of 4 tills per retail location. If we were to successfully onboard all 25,000 Vend customers, we would be looking at potential monthly recurring revenue of over $5,000,000. When you layer in our automated marketing “Engage” service and wallet pass loyalty application, these numbers quickly multiply by 5-10x, which provides the company with a very significant revenue stream.”

Loop Insights Completes Shopify API Integration to Provide Potential Loop Services to Shopify’s 500,000 Merchant Base

Completing our Shopify integration further bolsters Loop’s efforts to achieve a global scale via e-commerce and bricks and mortar opportunities. Retailers look to leverage data to create personalized shopping experiences across channels and optimize retail supply chain and inventory management. This makes Loop’s real-time online and offline data connectivity vital.

Loop has now completed its integration with Shopify’s application programming interface (API), providing Loop access to the 500,000 merchants currently using the Shopify platform. Shopify is a retail e-commerce leader, particularly as the COVID-19 pandemic continues to push shoppers towards online shopping platforms. Loop’s Shopify integration will allow retailers to link their online and offline data, enabling real-time omnichannel insights for retailers with both e-commerce and brick and mortar retail outlets.

About Vend: Vend is a cloud-based point-of-sale and retail management software that lets retailers run their business in-store, online, and on-the-go. Vend includes inventory management, eCommerce integrations, customer loyalty, and reporting analytics tools. The first POS built for iOS, Vend is trusted by retailers in over 140 countries and is used in more than 25,000 stores worldwide. Vend integrates with leading tools like Bigcommerce, Quickbooks, and Marsello and provides seamless integrated payment options by partnering with major banks and processors around the world. Founded in 2010, Vend has offices in Auckland, London, Toronto and Melbourne, and has raised more than $50 million from top-tier investors.  For more information, please visit: https://www . vendhq.com/

About Your CBD Store: Your CBD Store is the largest CBD retailer in the United States and the exclusive home of award-winning, hemp-derived SunMed products. With more than 550+ stores in 41 states, we are bringing the highest quality CBD experience to customers nationwide. Its parent company, Sunflora Inc., produces quality products for health and wellness, skincare, and pet products.

About Loop Insights:
Loop Insights Inc. is a Vancouver-based Internet of Things (“IoT”) technology company that delivers transformative artificial intelligence (“AI”) automated marketing, contact tracing, and contactless solutions to the brick and mortar space. Its unique IoT device, Fobi, enables data connectivity across online and on-premise platforms to provide real-time, detailed insights and automated, personalized engagement. Its ability to integrate seamlessly into existing infrastructure, and customize campaigns according to each vertical, creates a highly scalable solution for its prospective global clients that span industries. Loop Insights operates in the telecom, casino gaming, sports and entertainment, hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia. Loop’s products and services are backed by Amazon’s Partner Network and sold through the TELUS IoT Marketplace.

For more information, please contact: 
Loop Insights Inc.LOOP Website : www.loopinsights.ai 
Rob Anson, CEOFacebook: @ LoopInsights 
T : +1 877-754-5336 Ext. 4Twitter: @ LoopInsights 
E : ir@loopinsights.aiLinkedIn: @ LoopInsights

Forward-Looking Statements/Information:  

This news release contains certain statements which constitute forward-looking statements or information. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Loop’s control, including the impact of general economic conditions, industry conditions, and competition from other industry participants, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Loop believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, Loop does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in the securities of Loop should be considered highly speculative. There can be no assurance that Loop will be able to achieve all or any of its proposed objectives.

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.

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Posted in All Recent Posts, Featured, Loop Insights Inc. | Comments Off on Loop $MTRX.ca $RACMF Successfully Completes Your #CBD Store 20 Location Pilot and Now Set to Rollout All 550 Retail Locations as Well the Company Announces Completion of #Shopify $SHOP Point of Sale Integration $AT.ca $QTRH.ca $SNSR $BSQR $PTS.ca

TransCanna $TCAN.ca Provides Corporate Update – Production Capacity of Lyfted Farms Facility is Currently Sold-Out Until March, 2021 $VFF.ca $ACB.ca $CGC.ca $GTII.ca $TEQ.ca

Posted by AGORACOM-JC at 10:22 AM on Monday, November 2nd, 2020
tcan-square
  • Final license achieved July 2020
  • 16,000 sq ft Distribution Space open for business in Q4
  • Contracts in place with much larger farms than the Company were able to service out of the smaller facility (16,000sq ft vs. 1,250 sq ft)
  • Build-out for cultivation has begun
  • The first harvest from cultivation in Daly expected in Q1
  • “Phase 1” Daly canopy sq. ft. capable of generating $30M + USD/year in cultivation revenue alone
  • In combination with increased Distribution capacity on track for 2021 rev target of $60M+ out of this facility

Vancouver, British Columbia–(November 2, 2020) – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) (“TransCanna” or the “Company”) is very pleased to provide a corporate update:

  • Lyfted Farms Products are in High Demand and Selling Out
  • Lyfted Farms Secures Multiple Off-Take Agreements
  • Q4 Revenue Guidance
  • Crop Management Business Launched
  • Daly Facility Update

Product Update

Lyfted Farms flower is one of a very few branded indoor cultivation companies that routinely delivers on customer expectations for quality. This is reflected in the caliber of the retail stores that carry Lyfted Farms and by customer demand for our products. Lyfted Farms genetic library is fully capable of delivering new strains seasonally and has evolved into a trend-defining marketplace leader where other cannabis entities watch and emulate our products. Material process improvements have resulted in larger “nugget” sizing, increased THC levels, and a more robust curing cycle yielding better taste and aromatic profiles. These changes have had a positive effect on the pricing structure, with a 66% increase in wholesale pricing and a 100% increase in gross margins.

Off-Take Agreements

The Company has secured multiple off-take agreements in anticipation of late Q1 production coming out of the Daly facility. Shareholders will be given greater detail in subsequent news releases when all material details are finalized. As a result of the status of these agreements, the Company has tremendous confidence it will achieve or exceed its stated 2021 revenue targets.

Contracts with the likes of renowned retail partner Cookies, where Lyfted Farms currently has five sku’s in stores, provides the additional benefit of cost savings by not requiring a large in-house sales team or paying expensive 3rd party commissions, which are common in the Cannabis Sector.

Revenue Guidance

Lyfted Farms products produced out of the Company’s smaller Lyfted Farms facility continue to sell out and exceed sales expectations. Due to the increased capacity of the first 16,000 sq ft of distribution space in the Daly facility, the Company anticipates its Fourth Quarter to be its strongest of the year. The Company’s internal gross revenue target for the 2020 fiscal year ranges from CAD$12,000,000 up to CAD$14,000,000 (with anticipated net profits from sales of $600,000 up to $700,000). The Company is on track to achieve this benchmark.

With the opening of the Daly facility, associated off-take agreements, high demand for sales, and a strong distribution division, the Company maintains its guidance for a gross revenue target of CAD$55,000,000 to CAD$75,000,000 (with anticipated net profits from sales of $6,600,000 up to $9,000,000) for the fiscal year 2021. This revenue guidance is only for phase one of four in the Daly facility with phase one construction costs estimated to be CAD$3,172,500.

“With a significant portion of the year spent on submitting and obtaining licenses, we expect investor attention to shift to our 2021 performance. Our goal has always been to drive shareholder value through incremental sales contracts and quality products. This focus has us well-positioned to begin the build-out of the Daly building and scale our business,” States Bob Blink, company CEO. “I am very proud of how the team has come together through unprecedented events both globally and in our own back yard. 2021 will be a very exciting year for the Company.”

Crop Management Services Division

On October 8, 2020, the Company announced Lyfted Farms’ crop services management division (LFCSMD) first facility would come online January 1, 2021. This initiative is on schedule and will begin generating an additional revenue stream for the Company over and above the already thriving cultivation and distribution divisions. The first payments to LFCSMD are set to commence December 1, 2020. LFCSMD allows the Company to further monetize its genetic catalogue and further the Company’s reputation within the industry as best in class cultivators and operators. Additionally, this allows the Company to build out its supply chain — feeding its growing fulfillment and white-labeling business and maximizing efficiencies within the Daly Facility.

Daly Facility Update

The licensing and engineered build-out of the Daly Facility continues to be the core strength for the company. The amalgamation of a number of California’s strongest cannabis brands coming into the largest and most efficient facilities in the State is a truly powerful combination.

Updates at a glance:

  • Final license achieved July 2020
  • 16,000 sq ft Distribution Space open for business in Q4
    • contracts in place with much larger farms than the Company were able to service out of the smaller facility (16,000sq ft vs. 1,250 sq ft)
  • Build-out for cultivation has begun
  • The first harvest from cultivation in Daly expected in Q1
  • “Phase 1” Daly canopy sq. ft. capable of generating $30M + USD/year in cultivation revenue alone
  • In combination with increased Distribution capacity on track for 2021 rev target of $60M+ out of this facility

Other Highlights

Smaller Lyfted Farms Facility has outperformed expectations.

  • Production capacity of Lyfted Farms facility is currently sold-out until March, 2021
  • Average sales price per gram has increased from $5.70/gram to $8.57/gram, or +66% (increased demand and collaboration/co-branding) & 100% increase in gross margin
  • Average total harvest weight per room is trending up

Summary

Company performance and development of our team and human capital has been extraordinary. With the current global pandemic and wildfires in California, the Company has experienced many challenges over the past six months. The dedication and commitment by team members have given TransCanna stability and galvanized the opportunity for significant growth in the near term.

About TransCanna Holdings Inc.

TransCanna Holdings Inc. is a California based, Canadian listed Company building cannabis-focused brands for the California lifestyle through its wholly-owned California subsidiaries.

For further information, please visit the Company’s website at www.transcanna.com or email the Company at info@transcanna.com.

On behalf of the Board of Directors
Bob Blink, CEO
604-349-3011

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

Forward-Looking Statements

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws or forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs regarding future events of management of the Company. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as “forward-looking statements”, are not historical facts, are made as of the date of this news release and include without limitation estimates and forecasts and statements as to management’s expectations for growth and the commencement of operations of the Company’s Daly facility.

The forward-looking information in this press release is based upon certain assumptions that management considers reasonable in the circumstances, including that operations will commence at the Company’s Daly facility in Modesto, California, as and when expected.

These forward-looking statements involve numerous known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially from any future results, events or developments expressed or implied by such forward-looking statements. Risks and uncertainties associated with the forward-looking information in this news release include, among others, dependence on obtaining and maintaining regulatory approvals, including state, local or other licenses and any inability to obtain all necessary governmental approvals licenses and permits to complete upgrades to its Daly facility in a timely manner; engaging in activities which currently are illegal under U.S. federal law and the uncertainty of existing protection from U.S. federal or other prosecution; regulatory or political change such as changes in applicable laws and regulations, including U.S. state-law legalization, particularly in California, due to inconsistent public opinion, perception of the medical-use and adult-use marijuana industry, bureaucratic delays or inefficiencies or any other reasons; any other factors or developments which may hinder market growth;; reliance on management; and the effect of capital market conditions and other factors (including those related to the COVID-19 pandemic) on capital availability; competition, including from more established or better financed competitors; and the need to secure and maintain corporate alliances and partnerships, including with customers and suppliers.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look, except in accordance with applicable securities laws.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

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