ACB

High Tide Becomes North America’s First Cannabis Discount Club Retailer with over 245,000 Members

Wednesday, October 20, 2021 - 11:00am

This increase in sales will also accelerate High Tides white-label product strategy to offer unique products to Cabana Club members.

Key Points: 
  • This increase in sales will also accelerate High Tides white-label product strategy to offer unique products to Cabana Club members.
  • I am thrilled that with todays announcement, High Tide becomes the first of its kind, and the largest, cannabis discount club retailer in North America.
  • The Company is also North Americas first and only cannabis discount club retailer, featuring Canna Cabana, Meta Cannabis Co., Meta Cannabis Supply Co. and NewLeaf Cannabis banners, with additional locations under development across Canada.
  • Key industry investors in High Tide include Tilray Inc. (TSX: TLRY) (Nasdaq: TLRY) and Aurora Cannabis Inc. (TSX: ACB) (Nasdaq: ACB).

High Tide Closes Acquisition of Blessed CBD and Enters U.K. Market

Tuesday, October 19, 2021 - 11:00am

High Tide acquired 80% of Blessed for consideration comprised of: (i) 1,136,551 common shares of High Tide (each a High Tide Share) valued at 4,864,000 (the Share Consideration), on the basis of a deemed price of $7.2856 per High Tide Share, being equal to the volume weighted average price per High Tide Share on the TSX Venture Exchange (TSXV) for the ten consecutive trading days preceding the closing of the Acquisition; and (ii) 4,200,000 in cash.

Key Points: 
  • High Tide acquired 80% of Blessed for consideration comprised of: (i) 1,136,551 common shares of High Tide (each a High Tide Share) valued at 4,864,000 (the Share Consideration), on the basis of a deemed price of $7.2856 per High Tide Share, being equal to the volume weighted average price per High Tide Share on the TSX Venture Exchange (TSXV) for the ten consecutive trading days preceding the closing of the Acquisition; and (ii) 4,200,000 in cash.
  • In addition, High Tide has agreed to grant Blesseds founder an option to put to High Tide the remaining shares in Blessed not held by High Tide (the Put Option), at the same enterprise value of the Call Option.
  • In connection with Vs appointment, High Tide granted 25,000 stock options (the Options) to V, exercisable at CAD$7.17 per High Tide Share for a period of 3 years.
  • Enigmaa Ltd., operating as Blessed CBD is one of the leading online retailers of hemp-derived CBD products in the U.K.

Rising Consumer Spending on CBD-infused Products Fueling Big Profits in Billion Dollar Industry

Thursday, October 14, 2021 - 1:50pm

Nowadays, the demand for cannabis is expected to increase significantly from the arrival of cannabis-infused products.

Key Points: 
  • Nowadays, the demand for cannabis is expected to increase significantly from the arrival of cannabis-infused products.
  • The growth of the overall CBD-infused products market is backed by the rising demand and increasing legalization of cannabis, growing application of cannabis in cancer, and health benefits offered by cannabis-infused products.
  • As a result, CBD-infused product sales are soaring, ultimately driving the growth of the CBD-infused products market.
  • "According to Bloomberg , Thrasio, having raised more than $2 billion, could see its IPO valued at more than $10 billion.

Rising Consumer Spending on CBD-infused Products Fueling Big Profits in Billion Dollar Industry

Thursday, October 14, 2021 - 1:50pm

PALM BEACH, Fla., Oct. 14, 2021 /PRNewswire/ -- The last two decades have seen a great deal of progress in global legalization and regulation of cannabis, both for medical and recreational use. Nowadays, the demand for cannabis is expected to increase significantly from the arrival of cannabis-infused products. The growth of the overall CBD-infused products market is backed by the rising demand and increasing legalization of cannabis, growing application of cannabis in cancer, and health benefits offered by cannabis-infused products. Moreover, the usage of cannabis in pet food and the increasing demand for cannabis-infused drinks provide significant opportunities in this market. However, the high cost associated with CBD and stringent government regulations against cannabis in certain countries obstructs the growth of this market to some extent. A report from Meticulous Research projected that the CBD-infused products market is expected to grow at a CAGR of 45.6% from 2021 to 2028 to reach $216.8 billion by 2028. The report said, "The COVID-19 pandemic has severely impacted many economies around the globe. As a measure to control the spread of this disease and avoid its associated consequences, governments across the globe announced partial or complete lockdowns, majorly impacting many industries, but the cannabis industry is having a breakthrough moment. Since it is beneficial for COVID-19 respiratory effects, thus state and local governments are gradually accepting the value and benefits of medicinal cannabis. Thus, this factor is expected to boost the demand for CBD-infused products." Active Companies in the cannabis industry include Grove, Inc. (NASDAQ: GRVI), Trulieve Cannabis Corp. (OTCQX: TCNNF) (CSE: TRUL), Curaleaf Holdings, Inc. (OTCQX: CURLF) (CSE: CURA), Cronos Group, Inc. (NASDAQ: CRON) (TSX: CRON), Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB).

Key Points: 
  • Nowadays, the demand for cannabis is expected to increase significantly from the arrival of cannabis-infused products.
  • The growth of the overall CBD-infused products market is backed by the rising demand and increasing legalization of cannabis, growing application of cannabis in cancer, and health benefits offered by cannabis-infused products.
  • As a result, CBD-infused product sales are soaring, ultimately driving the growth of the CBD-infused products market.
  • "According to Bloomberg , Thrasio, having raised more than $2 billion, could see its IPO valued at more than $10 billion.

Anticancer Bioscience Welcomes New Investor into Seed Financing Round Bringing Total Raised to Over $31m to Advance Synthetic Lethality Approaches to Cancer Therapy

Thursday, October 14, 2021 - 9:00am

The seed extension financing was led by Three Rivers Capital, who joins existing private Chinese investors.

Key Points: 
  • The seed extension financing was led by Three Rivers Capital, who joins existing private Chinese investors.
  • The total raised in the seed round is now over USD31 million (around CNY 200 million).
  • The proceeds will be mainly used to accelerate the preclinical development of the companys two most advanced programs, MYC-synthetic lethal and contact inhibition restoration.
  • Anticancer Bioscience (ACB) is an international private company, commercializing discoveries emerging from Chinas world-leading cancer research at the J. Michael Bishop Institute of Cancer Research.

ZeOmega Now Certified by All Three Leading Testing Groups, First in U.S. to Achieve "Security & Interoperability Trifecta"

Wednesday, October 13, 2021 - 2:03pm

By passing all three testing programs, ZeOmega and its interoperability platform, platform, HealthUnity , are certified as meeting and exceeding the highest industry-defined requirements for data exchange and information security.

Key Points: 
  • By passing all three testing programs, ZeOmega and its interoperability platform, platform, HealthUnity , are certified as meeting and exceeding the highest industry-defined requirements for data exchange and information security.
  • ZeOmega is the first population health company in the U.S. to achieve "Security and Interoperability Trifecta".
  • TDRAAP combines the technical framework using Unified Data Access Profiles (UDAP) in a FHIR ecosystem with interoperability related Privacy and Security requirements.
  • ZeOmega empowers health plans and other risk-bearing organizations with the industry's leading technology for integrating and simplifying population health management.

The American Council of the Blind is proud to announce the details of its inaugural event, the 2021 Audio Description Awards Gala, to be held online November 18th, 2021, at 7:30 p.m. ET.

Tuesday, October 12, 2021 - 8:16pm

Celebrate the AD awards with our guests Jason Momoa, Thomas Reid, Charlie Cox, Nesta Cooper, Christian Camargo, and more

Key Points: 
  • Celebrate the AD awards with our guests Jason Momoa, Thomas Reid, Charlie Cox, Nesta Cooper, Christian Camargo, and more
    This year's honorees have been carefully selected by a diverse group of leaders from the audio description panel who have identified recipients as both audio description content leaders and media industry game changers!
  • The award recipients will receive the newly created ACB Barry Award, in recognition as the best of the best in the field of audio description.
  • Come celebrate the achievements of these award recipients with our special guests, including Jason Momoa, Thomas Reid, and featuring Charlie Cox, Nesta Cooper, Christian Camargo, and many more!
  • To find out more visit, www.ADAwardsGala.org
    View original content to download multimedia: https://www.prnewswire.com/news-releases/the-american-council-of-the-bli...

Aurora Announces Sponsorship of ALUS' New Acre Project to Fund Community Environmental Initiatives

Tuesday, October 12, 2021 - 1:00pm

The commitment is intended to fund environmental programs in the communities where Aurora facilities are located.

Key Points: 
  • The commitment is intended to fund environmental programs in the communities where Aurora facilities are located.
  • "As a proudly Canadian company, and global leader, Aurora deeply values the communities where we work and live," says Miguel Martin, CEO.
  • With $50,000 support from Aurora, ALUS will steward 50 New Acre Project acres, helping to restore wetlands and grasslands, create pollinator and wildlife habitats, reforest, and establish other ecologically beneficial projects.
  • "Aurora's New Acre Project sponsorship demonstrates leadership within the cannabis industry, taking a step forward to address climate change by helping communities solve local environmental challenges," says Bryan Gilvesy, CEO of ALUS.

Caldwell U.S. Dividend Advantage Fund Declares Distributions for Q4 2021

Friday, October 8, 2021 - 3:17pm

TORONTO, Oct. 08, 2021 (GLOBE NEWSWIRE) -- Caldwell Investment Management Ltd. (“CIM”), the manager of Caldwell U.S. Dividend Advantage Fund (the “Fund”) is pleased to announce the payment of distributions on the actively-managed ETF Series of the Fund to unitholders of record as indicated below. The monthly distribution rate of CAD$0.038 per unit of the ETF Series represents an attractive annualized yield on net assets of approximately 3.1%.

Key Points: 
  • The ETF Series of Caldwell U.S. Dividend Advantage Fund trades on the TSX under the ticker symbol UDA.
  • Performance of the Fund prior to the conversion date would have differed had the Fund been subject to the same investment restrictions and practices of the current open-end mutual fund.
  • If distributions paid are greater than the performance of the fund, your original investment will shrink.
  • Distributions paid as a result of capital gains realized by a fund, and income and dividends earned by a fund, are taxable in your hands in the year they are paid.

High Tide Welcomes Ontario Legislation to Make Private Sector Cannabis Delivery Permanent

Friday, October 8, 2021 - 11:00am

"I am pleased that the Ontario government has now decided to make the delivery allowance permanent.

Key Points: 
  • "I am pleased that the Ontario government has now decided to make the delivery allowance permanent.
  • High Tide is a leading retail-focused cannabis company with bricks and mortar as well as global e-commerce assets.
  • High Tide's retail segment features the Canna Cabana, Meta Cannabis Co., Meta Cannabis Supply Co. and NewLeaf Cannabis banners, with additional locations under development across the country.
  • Key industry investors in High Tide include Tilray Inc. (TSX: TLRY) (Nasdaq: TLRY) and Aurora Cannabis Inc. (TSX: ACB) (Nasdaq: ACB).