NetworkNewsBreaks – SinglePoint, Inc. (SING) CEO Discusses Recent LOI, Acquisition Strategy in Interview on MoneyTV

Specialized holding company SinglePoint, Inc. (OTCQB: SING) was a featured company on this week’s episode of MoneyTV with Donald Baillargeon. MoneyTV is an internationally syndicated television program discussing “money and what makes it happen.” In this week’s episode, SinglePoint CEO Greg Lambrecht discussed the company’s recently announced Letter of Intent (“LOI”) with ORHub, Inc. (OTC: ORHB) to develop a blockchain services platform for health care applications. Per the agreement, ORhub will engage SinglePoint for up to $750,000 in initial development costs. Lambrecht also updated viewers on the company’s plans for 2018, including its aggressive acquisition strategy moving forward. Per the interview, SinglePoint has a goal to double last year’s four acquisitions during this year. “We’re capable and have the experience to close deals on acquisitions, …We’re really looking forward to increasing our revenues in 2018 by acquisitions,” SinglePoint CEO Greg Lambrecht stated in the interview.

To view the full interview, visit http://nnw.fm/0Kvg4

To view the full press release, visit http://nnw.fm/2FxBF

About SinglePoint, Inc.

SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed, the company is providing products and services to the cannabis industry. For more information, visit www.SinglePoint.com.

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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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NetworkNewsBreaks – Veritas Pharma Inc. (CSE: VRT) (OTC: VRTHF) (FRT: 2VP) Signs Agreement to Acquire Sechelt Organic Marijuana Corp.

Veritas Pharma (CSE: VRT) (OTC: VRTHF) (FRT: 2VP), a pharmaceutical and IP development firm, this morning announced that it has signed an agreement with 906474 ALBERTA LTD (“the vender”), to purchase 100% ownership of Sechelt Organic Marijuana Corp (“SOM”). Under the agreement, Veritas Pharma will purchase all outstanding shares of SOM at a price of $800,000, subject to provisions of the closing agreement. The agreement requires the vender and SOM to give Veritas Pharma unlimited access to the operations, assets, properties, and records of SOM to help it familiarize with the operations, assets, records, properties and other matters on continuous basis till the transaction is closed. The agreement requires Veritas Pharma to transfer 1,454,545 shares to the vender to close the transaction, and at that point, it will be deemed to have conducted due diligence to its satisfaction.

To view the full press release, visit http://nnw.fm/AUtz3

About Veritas Pharma Inc.

Veritas Pharma Inc. is an emerging pharmaceutical and IP development company, who, through its 80% owned subsidiary Cannevert Therapeutics Ltd. (“CTL”), is advancing the science behind medical cannabis. It is the Company’s aim, through its investment in CTL, to develop the most effective cannabis strains (cultivars) specific to pain, nausea, epilepsy and PTSD, solving the critical need for clinical data to support medical cannabis claims. CTL’s unique value proposition uses a low-cost research and development model to help drive shareholder value, and speed-to-market. Veritas investment in CTL is led by strong management team, bringing together veteran academic pharmacologists, anesthetists & chemists. The company’s commercial mission is to patent protect IP (cultivars & strains) and sell or license to cancer clinics, insurance industry and pharma, targeting multi-billion dollars global markets. For more information, visit the company’s website at www.VeritasPharmaInc.com.

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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.

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

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NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Proceeds with Highbury Energy Partnership; Posts Initial Vanadium Nickel Cobalt Assay Results

Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced that the company has decided to proceed with its partnership with Highbury Energy, Inc. The two companies intend to develop a detailed thermochemical gasification process to extract metals such as nickel, vanadium, cobalt, and hydrogen from petroleum coke (“Petcoke”). Additionally, the company received initial vanadium nickel cobalt assay results. The samples were obtained from Alberta oil sands and refinery sales stockpile, which showed Vanadium 421 parts per million (“ppm), Cobalt 4.8 ppm and Nickel 76.8 ppm; and Vanadium 458 ppm, Cobalt 1.3 ppm and Nickel 53.4 ppm, respectively. Further analysis is underway of concentrate post-gasification ash samples with ash amounting to 3% of oil sands Petcoke by weight and less than 1% of the refinery Petcoke sample. Highbury is currently carrying out a phase 2 study which will include analyses of potential site locations, inclusion of pilot scale gasification, advanced metals extraction process design and initial plant design parameters.

To view the full press release, visit http://nnw.fm/w9McY

About MGX Minerals

MGX Minerals is a diversified Canadian resource and technology company with interests in lithium, magnesium and silicon assets throughout North America. MGX currently owns 34% of PurLucid and has the exclusive right to acquire a 100% interest as well as owning the global rights to recently developed lithium and mineral extraction technologies co-operatively developed by PurLucid and MGX. Learn more at www.MGXMinerals.com.

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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.

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

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NetworkNewsBreaks – Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTF) Enters LOI Detailing Proposed Acquisition of Agro-Biotech Inc.

Vancouver-based biopharmaceutical company Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTF) yesterday announced its entry into a non-binding letter of intent pursuant to which it proposes to acquire Agro-Biotech Inc., a Health Canada ACMPR licensed producer located in Saint-Eustache, Quebec. Upon completion of the proposed transaction, which is expected to occur by April 15, 2018, Agro-Biotech will continue to operate on a standalone basis. “With this acquisition, we are well positioned to enter the Québec cannabis market and attract experienced scientists to our organization. Pivot will seek to expand its footprint in the province beginning immediately following financing activities which are underway,” Dr. Patrick Frankham, CEO of Pivot, stated in the news release. “After several months of identifying and discussing with potential partners in the cannabis space, the Pivot management team and our scientific advisors agreed that it was in the best interest of our shareholders to acquire the compliment of licenses which will enable us to develop our pipeline of patented formulation and delivery technologies all under one vertically integrated process from seed to derivatives.”

To view the full press release, visit http://nnw.fm/kvHH9

About Pivot Pharmaceuticals Inc.

Pivot Pharmaceuticals Inc. (OTCQB: PVOTF), based in Vancouver, Canada, is an emerging biopharmaceutical company engaged in the development and commercialization of pharmaceuticals and nutraceuticals that provide novel treatments for unmet healthcare needs. Pivot Pharmaceutical’s subsidiary, Pivot Green Stream Health Solutions Inc., will focus on improving the bioavailability of cannabinoid-based pharmaceuticals. Pivot Green Stream is tasked with developing several natural health products containing cannabinoids that can receive a Health Canada Natural Health Product designation. For more information, visit www.PivotPharma.com

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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.

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

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Blockchain Innovations Set to Disrupt Healthcare

NetworkNewsWire Editorial Coverage: Blockchain, the technology behind cryptocurrencies such as bitcoin, boasts tremendous disruptive potential in a wide range of industries, including finance, infrastructure, supply chain management and even healthcare. SinglePoint, Inc. (SING) (SING Profile), a company with diverse interests and skills in the tech sector, has teamed up with ORHub, Inc. (ORHB) (ORHB Profile) to create a blockchain-based solution to improve the way hospitals collect and utilize operating room data to reduce supply chain costs, while IBM (IBM) and the Food and Drug Administration (FDA) are exploring ways of using blockchain to more effectively share and audit medical data. With companies like HIVE Blockchain (HIVE:CC) developing broader infrastructure applications, the potential for blockchain to improve efficiency across businesses is accelerating. It’s an approach being pushed from inside the healthcare industry, with UnitedHealth Group (UNH) also demonstrating interest in blockchain capabilities.

Technology Driven Efficiencies

Data collection and sharing is a growing problem for medical providers. Patient data has to be preserved and shared with those who need to know, while keeping it secure for the sake of patient confidentiality. Operational data is vital to driving evidence-driven improvements, as well as managing supply chains in an increasingly complex system. The sheer volume of data, and the challenge of maintaining security while sharing it with vested partners, portends a huge need within the industry.

Many medical companies are now turning to blockchain technology as a solution. Though often associated with cryptocurrencies and financial interactions, blockchain has far wider applications. It provides a system for recording and sharing information without a need for a central organization controlling records. This reduces the risk of fraud or error and allows a complete audit trail, while improving the speed and efficiency with which information can be shared. In a medical context, it lets limits be set on who can see a patient’s data, while keeping that data easily accessible to those with a legitimate need for access. Records can be kept secure for auditing without slowing down data sharing. And the information needed to manage all parts of a business can be quickly gathered and exchanged.

Bringing Blockchain Expertise

One company delving into this application of blockchain is SinglePoint (SING). Established as a mobile technology provider, the company has grown into a diverse holding company with a portfolio of investments in cannabis, blockchain and related technologies. By using an acquisition-based growth strategy, SinglePoint has significantly increased the technology and expertise it can bring to bear on a blockchain project and other corporate endeavors.  This has led to a dramatic expansion in its services and a subsequent rise in its share price, from $0.01 to nearly $0.08 on volume of more than 3.5 million in a single year.

Data integration is central to the challenge facing healthcare providers. The scattered nature of medical records means that one of the biggest problems is connecting the dots to provide better care and improve efficiency. Fortunately, the integration of existing systems lies at the heart of SinglePoint’s work. Its acquisition of various blockchain companies has led to the deployment of integrated solutions in areas such as payment processing (http://nnw.fm/74SlQ). It is also providing technological solutions for supply chain management and delivery of goods, areas where the medical sector could benefit from improved data collection and process efficiency.

New Initiatives

SinglePoint recently announced its entry into the healthcare sector through a collaboration with ORHub, Inc (ORHB). In a letter of intent, the two companies defined their intention to create a blockchain services platform for healthcare applications. SinglePoint will design and develop blockchain-based solutions that can be added to ORHub’s existing software, enhancing the value of data collected in and around operating rooms. With an initial budget of up to $750,000 in development costs, this marks the beginning of SinglePoint’s work in bringing its blockchain expertise to hospitals.

Given the data management needs of the medical sector, SinglePoint expects this to be the first of many contracts for the company in blockchain development, in the healthcare sector and beyond.

“Having ORHub select SinglePoint as their solutions architect is fantastic,” SinglePoint President Wil Ralston stated in the news release (http://nnw.fm/mL5vl). “We are beyond excited to dig into this project and develop a truly industry-changing solution. With the commitment from ORHub to fund the project, we are in a strong position to design, develop and execute on the solution. As part of this collaboration and broader corporate initiatives in the blockchain market, we are aggressively establishing working relationships with key blockchain engineers.”

Healthy Patients in Healthy Systems

Data gathered at the point of care is vital to the health not just of patients but of hospitals and other healthcare providers. The past 20 years have seen huge efforts go into understanding healthcare processes, trying to trim the fat from a notoriously costly sector. While business analysts have been able to provide leaner systems, their work has always been reliant on data, and so held back by its limitations. Developments such as SinglePoint’s new blockchain data solution will provide the fuel for future improvements across the sector.

SinglePoint expects to unlock greater value from data captured across the operational system thanks to blockchain solutions. These will streamline medical records and improve their accuracy through dispersed record-keeping systems whose integrity is protected by blockchain systems. Better information sharing will improve the efficiency of inventory management and speed up billing cycles.

Strong Supporting Systems

Collaborations with other companies, like that with ORHub, are central to SinglePoint’s success. Working with firms such as AppSwarm (SWRM) and SMART Cannabis Corp. (SCNA) (http://nnw.fm/T11oZ) has allowed SinglePoint to combine its own tech expertise with that of others, developing streamlined solutions for payment and deliveries.

Steered by a leadership team with extensive experience in technology, engineering, marketing and raising capital, the company has grown and diversified from its initial holdings, increasing its presence within the tech sector. Following the completion of its recent annual audit, it uplisted to trading on the OTCQB Venture Market.

Combining Technology and Health Care

ORHub (ORHB) is an ideal partner for SinglePoint’s step into hospital support. An advanced surgical software provider, ORHub focuses on providing real-time data capture and analytics around surgery. The company’s surgical resource management (“SRM”) software is already transforming the way hospitals deal with operating room data. It captures information before, during and after surgery, providing integrated measures previously unavailable to doctors and support staff. Hospitals and medical device vendors can use any web-enabled device to create a graphic depiction of the operation. This is then translated into an intelligent report linking every detail of surgery, creating a dynamic source of information. This allows real-time, data-driven decisions to be made that improve both patient care and profits. Accurate data reduces costs, increases accountability and improves efficiency across the board.

“We consider ORHub to be the pioneer of surgical resource management innovation and our collaboration with SinglePoint to build out transformative healthcare blockchain solutions was a logical extension of our data platform.  Our vision is to change the face of surgical healthcare by dramatically lowering surgical costs, aligning physician performance with surgical efficiencies improving hospital economics and patient outcomes. The power of the intelligent data we already capture at the point of care has far reaching implications that can be better deployed through blockchain solutions to resolve the waste in time and resources that have contributed to the cost burden placed on hospitals today. We believe that blockchain inspired technology will set the stage for surgical data to evolve into a new paradigm based on a real-time shared infrastructure platform that is more transparent, more accurate, more timely, more cost effective and easy to use,” ORHub CEO Colt Melby stated in a press release announcing the partnership with SinglePoint.

Other companies are looking at applying blockchain to medical records. Among them is IBM (IBM), which is working with the FDA to explore how blockchain can ensure the smooth and secure exchange of medical data. The two-year project is looking at how blockchain can bring together data from a variety of sources, providing unique new insights for the benefit of public health. As well as supporting the accumulation of data, blockchain will allow it to be securely stored thanks to its nature as an unalterable distributed ledger. The IBM Blockchain in Healthcare blog (http://nnw.fm/O8jTF) provides greater detail on the technology’s application and potential in the industry.

As more capabilities of digital healthcare resources are uncovered, companies such as the UnitedHealth Group (UNH) are increasingly integrating technology into their customer solutions. The U.S.-based health insurer has launched technological solutions for such diverse aspects of healthcare as diabetes monitoring and bill payment. Indicating the company’s interest in blockchain, in April 2017 it posted a job opening for a full-time director of blockchain platforms and application development, a role within the company’s Optum Technology segment. The now-expired job description hinted at UnitedHealth’s expectation that blockchain could disrupt the healthcare industry: “We are about to disrupt healthcare by applying blockchain technologies. Here, innovation isn’t about another gadget, it’s about making healthcare data available wherever and whenever people need it, safely and reliably. There’s no room for error.”

Outside of healthcare, blockchain is developing at an ever-accelerating rate as innovators in numerous industries identify the ability of the technology to solve key industry problems. Companies like HIVE Blockchain (HIVE:CC) are attracting large investments to the sector, allowing the development of the infrastructure and technology to support blockchain. As the profits from this technology increase, so do investment and advances in the sector.

Building Better Healthcare

The secure, efficient and integrated use of data is a central challenge for health providers. Patient confidentiality means that data has to be treated with great sensitivity, and this has often been a barrier to sharing information. Yet such sharing can improve public health, individual patient care and the efficiency of healthcare providers.

Blockchain offers a way to square that circle. It is secure, improves the efficiency of data sharing, and creates an incorruptible audit trail. As blockchain technology improves and is integrated with other advances in medical technology, it could provide the solution the sector needs.

For more information on SinglePoint, visit SinglePoint (SING).

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.

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

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DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. The commentary, views and opinions expressed in this release by NNW are solely those of NNW. Readers of this Article and content agree that they cannot and will not seek to hold liable NNW for any investment decisions by their readers or subscribers. NNW is a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

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The Green Organic Dutchman’s Strategy Ensures Sustainable Future Growth

  • The Green Organic Dutchman raised $112 million to fund 970,000 square foot expansion of cannabis cultivation facilities in 2018
  • This includes $55 million investment by Aurora Cannabis Inc.
  • Strategy positions The Green Organic Dutchman to be one of the world’s largest, most technically advanced cannabis producers

Headquartered in Hamilton, Ontario, The Green Organic Dutchman Holdings Ltd., known as “TGOD”, has formed strategic alliances with industry leaders with a view to becoming the world’s largest organic cannabis company. To achieve this goal, the company has taken an approach unique in the cannabis industry, by growing cannabis organically at a low cost, expanding its cultivation facilities to scale, hiring world class senior management and forming strategic partnerships with major players, including Eaton Corp. (one of the world’s largest power management companies) to lower electricity costs and Ledcor Group, the second-largest and one of most respected construction companies in Canada.

TGOD cultivates farm-grown, organic and synthetic pesticide-free medical cannabis using all natural, organic craft growing principles. The company is licensed to produce medical cannabis under Canada’s Access to Cannabis for Medical Purposes Regulations (“ACMPR”). TGOD is currently performing a 970,000 square foot expansion to its cultivation facilities, which will enable the company to produce 116 tons of cannabis annually. This expansion project is scheduled to come online in phases, beginning in 2018, to meet the increased demand expected with the legalization of recreational cannabis throughout Canada.

TGOD recently announced that it had secured $112 million in private placement financing, including a $55 million strategic investment by Aurora Cannabis Inc. (OTCQX: ACBFF) (TSX: ACB), an established company in the marijuana industry. This investment will fully fund TGOD’s planned expansion. Its strategic partnership with Aurora positions TGOD’s cannabis production facilities to be among the largest and most technically advanced in the world.

The project management consortium for this expansion includes Eaton Corp. and Ledcor, who will report to TGOD management on project progress. Both of these companies have extensive international experience in power, project and construction management. Eaton devises energy-efficient solutions for the efficient management of electrical, hydraulic and mechanical power. Ledcor will ensure an accelerated production schedule by using advanced multidisciplinary design/build processes and implementing scalable operational and project plans. These companies will deploy their world-class project teams to ensure that the projects are completed on time and on budget.

With this massive expansion to its facilities in Ontario and Quebec, and by leveraging innovative technology and low-cost power solutions, TGOD could be positioned as one of the most cost-efficient, high-quality cannabis producers in Canada. The company has formed an alliance partnership with Hamilton Utility Corp., which has enabled it to reduce its power cost from $0.13 per kWh to less than $0.05 per kWh. TGOD’s position as a low-cost cannabis producer will be strengthened in Quebec, the province with the lowest power rates in Canada, which can be as low as $0.04 per kWh.

TGOD also plans to secure a share of the growing cannabis oils market. It has commissioned a purpose-built extraction laboratory, a commercial-scale CO2 extraction unit which can process up to 12,000 kg of raw material per year for the production of around $170 million worth of organic cannabis oils. Cannabis oil is a critical raw material for the production of several recreational market verticals, including topicals, edibles, concentrates and beverages.

The company has a world-class management team with proven executive and operational experience in the cannabis, consumer products, consumer packaged goods (CPG) and finance industries. Plans for a public listing with the Toronto Stock Exchange are underway, with the launch of an initial public offering (IPO) expected imminently.

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

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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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First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) Finds Optimism in Canadian Soil amid Tech-Friendly Battery Demand

  • First Cobalt’s exploration program at the Cobalt Camp has yielded impressive results, with high grade cobalt and nickel confirmed at the historic Bellellen mine
  • Company controls 50 historic mining operations in the popular Ontario camp
  • Canada’s cobalt exploration epicenter may eliminate ‘conflict minerals’ supply need

First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF), the largest land owner in Ontario, Canada’s reborn Cobalt Camp mining district, continues to investigate the possibility of a tech-friendly resource boom driven by exploration far from the controversial mineral fields of the Democratic Republic of Congo (DRC), where more of the world’s supply of cobalt is currently produced than at all other sources (http://nnw.fm/uls2I). The DRC sites remain highly controversial, drawing as they do on child labor and the manipulation of questionable political ethics.

Cobalt has become a critical element in the operation of the lithium-ion batteries used in electric cars, which are becoming an in-demand alternative to the petroleum-based pollutants fueling the world’s automobile industries, as well as in other electronic devices like laptops, tablets and smartphones. Although the 7,300 metric tons of cobalt produced in Canada during 2016 pale in comparison to the 66,000 metric tons produced in the DRC that year, the potential for a revitalized cobalt production industry at North American sites including First Cobalt’s Ontario properties is generating excitement among a number of prospectors looking for ethical alternatives to African ‘conflict minerals’.

“Our own little property itself that we have right now that we’re focused on could produce enough cobalt to supply the gigafactory that Elon Musk is building today,” First Cobalt president and chief executive officer Trent Mell told CBS News in 2017 in reference to automaker Tesla’s plans to roll out half a million Model 3s each year beginning in 2018 (http://nnw.fm/adz0P).

First Cobalt controls 50 historic mining operations across the Cobalt Camp on over 10,000 hectares (24,710.54 acres) of land for prospecting. The company is working to increase its understanding of the bulk-grade characteristics of the materials on its properties and apply that understanding to the potential processing of ores from the Cobalt Camp sites. Its exploration program is returning positive results, with the presence of high-grade cobalt and nickel already confirmed at the historic Bellellen mine, where drilling began in January 2018. The Bellellen findings follow other positive results reported at the Juno mine in Cobalt North, the Woods and Watson veins in the southern part of Camp Cobalt and the Keeley-Frontier mine in Cobalt South over the last few months.

“First assays from Bellellen drilling confirm the grades found in muckpile material sampled in 2017 and support our view that we now have a third area of interest in the Cobalt Camp. The Bellellen structure has adequate strike length to remain a priority target. Our 2018 drill strategy is to test several new target areas to confirm the cobalt grades of known systems throughout the Camp and then focus on those of sufficient size to support large tonnage operations,” Mell said in a company press release (http://nnw.fm/F0Xr6).

On January 16, 2018, First Cobalt also launched a C$7 million exploration program for 2018, which consists of 26,500 meters of drilling at 13 different targets, aside from Keeley-Frontier and Bellellen (http://nnw.fm/qY5E1). The program significantly expands on the company’s exploration activities in 2017, with the goal of testing various mineralized areas and different geological settings across the Cobalt Camp, including the near-surface potential of certain areas that have never been assessed for their global content before, Mell explained.

The reported results seem to back Mell’s optimism for the company property’s potential, especially amid predictions that, in another decade, the DRC will no longer be such an overwhelmingly significant player in the global tech mineral rush as the country’s human rights violations are in the spotlight.

Congressional hearings on the U.S. Dodd-Frank Act in April 2017 included Human Rights Watch representatives detailing the murder, rape, forced child labor and otherwise destructive practices pursued by several armed privateer groups, foreign-backed rebels and, at times, the DRC’s army itself in relation to mining activities the groups used to fund themselves. Gold mining operations have been the primary focus of those groups, but cobalt’s rising star has created a new emphasis on the mineral once regarded as little more than a byproduct of exploration. (http://nnw.fm/EVB2h). “Never in the history of modern mining have you seen cobalt as a primary focus for us miners,” Mell told CBS News. “It was an after-thought.”

The CBS News report acknowledges the challenges of producing sufficient cobalt and other minerals to meet the expected rise in demand for increased electric vehicle production, primarily driven by China and Europe. However, sustainable and responsible cobalt investments and mining assets such as First Cobalt’s are likely to cover a significant part of global demand in the near future. First Cobalt’s focus on expanding its exploration program, with the goal of producing more than the 7,800 tons of cobalt required to supply Tesla’s factory and Model 3 roll-out, could help position the company as a leading provider of cobalt worldwide, as well as build shareholder value via new growth and discovery opportunities.

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

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