Bitcoin Holders Are Today Learning Something Goldbugs Already Know

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article62715.html
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Analyst Retains ‘Buy’ Take on WeedMD Following Hiku Reversal

A new analyst report values the potential for a medically focussed cannabis producer after suffering a reversal in a potential merger.

Greg McLeish, analyst with Mackie Research Capital covering the cannabis space issued a new research data report stamping WeedMD (TSX:WMD) with a one-year price target of $ 4 and retained his “Buy” rating.

McLeish highlighted the company’s current cash situation and said its funded capacity provides a strong asset.

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“This strong cash position will also allow management to pursue strategic acquisitions and address potential working capital requirements,” McLeish wrote, according to Cantech Letter.

WeedMD was stuck in a business turnabout from Hiku Brands (CSE:HIKU), a company with which it held an arrangement to essentially merge both businesses.

As the deal continued to move forward, Canopy Growth (TSX:WEED; NYSE:CGC) entered the picture with an acquisition offer for Hiku.

“Ultimately, together we [Canopy and Hiku] will continue to build one of the world’s most engaging and successful cannabis retail and brand business,” Alan Gertner, CEO of Hiku said in a statement.

Thanks to the annulment from Hiku, WeedMD obtained a C$ 10 million termination fee, which the company highlighted as part of its cash position.

WeedMD’s stock declined immediately following the announcement from Canopy and Hiku, and continued with the company reaching a C$ 1.49 price point per share from its previous close on Tuesday (July 17).

Since the Hiku reversal on July 10, WMD has declined in price 27.32 percent.

McLeish’s new projection comes after endorsing the original merger with Hiku in a previous note.

Investor takeaway

Support from the financial community for WeedMD shows a strong foundation from the cannabis producer as it recovers and begins searching a potential new entry into the recreational cannabis space.

WeedMD will now have to deliver on its business strategy for investors to return to its side following the decline of the Hiku reversal.

Don’t forget to follow us @INN_Cannabis for real-time news updates!

Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Hiku Brands is a client of the Investing News Network. This article is not paid-for content.

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Stellar (XLM) & Cardano (ADA) Lead the Crypto Market – Project Updates & Big Gains

Stellar (XLM) Cardano (ADA)

The total cryptocurrency market is booming this morning, as various crypto-positive news reports have given investors more confidence in the future of the cryptocurrency industry and market. We’ll be checking in on Stellar (XLM) and Cardano (ADA) for the latest project updates.

Wells Fargo and Bank of America announced this morning that both banks have applied for new blockchain- and crypto-related patents. Mastercard has even filed a new patent for consumer protection and payment transactions, using blockchain technology.

Due to all this crypto-positive news, most coins in the top 100 are in the green, …

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Easy Money Over, Show Time Begins As Real Macro Battle Ahead

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article62716.html
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Vote for Recreational Cannabis in Florida Gains Momentum

Call for legalization of recreational cannabis in Florida gains momentum, report says.

According to a local Florida Fox station report on Tuesday (July 18), lawyer John Morgan has thrown his financial support behind a new ballot initiative to legalize cannabis in the state. Morgan has been a leading cannabis advocate figure in Florida.

The report indicated the initiative needs at least 766,200 signatures to make it into the ballot and be up to the voters.

Nick Garulay, founder and CEO of My Florida Green, an advocate group helping patients get cannabis medicine in the state, told Fox 4 Now there is a substantial demand for recreational cannabis that will push the proposal for a vote on the 2020 ballot.

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Voters in Florida overwhelmingly approved the use of medical cannabis during the 2016 election, with policy enacted by Gov. Rick Scott in June 2017.

Cannabis consumers in the state have faced a rocky road with the use of the drug in Florida, most notoriously this year when the state banned smoking cannabis products. In May Leon County Circuit Court Judge Karen Gievers ruled against the ban from the government.

Players in the Florida market

Investors have been able to gain exposure to the medical cannabis market in Florida thanks to the dispensaries and businesses of iAnthus Capital Holdings (CSE:IAN) and Liberty Health Sciences (CSE:LHS).

These two companies have enjoyed a newfound goodwill towards US-focussed operators from analyst and public market experts.

Canadian Securities Exchange (CSE) listed companies in particular have seen substantial growth this year. The Canadian exchange hosts a variety of these companies with US assets despite the federal illegality of the drug.

Legalization in the US has been gaining momentum thanks to new legislation being proposed for its de-scheduling from illegal substances list and for the protection of businesses operating in the space.

A recent public dispensary operator, MedMen Enterprises (CSE:MMEN), also made its debut in the Florida market by acquiring cannabis assets from Treadwell Simpson Partnership.

These assets included a cannabis cultivation facility in Eustis, a city in Lake County just north of Orlando and the option to open 25 dispensaries in the state, according to the company.

“Florida is the third most populous state in the country with a medical marijuana market estimated to reach $ 1 billion in annual sales by 2020,” CEO of MedMen Adam Bierman said.

Investor takeaway

Opening the recreational market in Florida would provide a boost to an already thriving market and would surely incentivize more public ventures from exploring options in the state.

Don’t forget to follow us @INN_Cannabis for real-time news updates! Stay tuned to our cannabis channel for more stories from Lift.

Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.

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Read our report to find market data, important news and stocks to watch!

 

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Economic Combustion Powering SPX to Test All-Time High?

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article62730.html
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Risky Business: Lobo Tiggre Says Investors Have Nowhere to Hide

In part 3 of INN’s series on risk, we spoke with independent speculator Lobo Tiggre, also known as Louis James.

So far, Rick Rule has said all jurisdictions are risky because of greedy politicians, and Jayant Bhandari has said that countries with more substantial legal and government systems in place are more predictable, and therefore inherently more stable to do business in.

In the last article of this series, Lobo Tiggre shares his thoughts on what makes jurisdictions risky and if there’s anywhere investors can shelter from the buffeting winds of political change.

What makes a jurisdiction safe?

In short: nothing.

Independent speculator Lobo Tiggre said that when it comes to safety in jurisdictions, “there’s no such thing.”

Tiggre threw the net wider in assessing whether or not a jurisdiction was risky, saying that pretty much everything had to be considered by investors—and he has plenty of experience, having traveled all over the world kicking rocks (and picking stocks).

“There are so many things that can go wrong in any given jurisdiction and hurt share prices of all companies working there,” said Tiggre.

“It’s much more than just the risk of an anti-business politician winning an election.”

Tiggre said that besides political risk, investors had to be ready for everything; a coup d’etat, floods, droughts, earthquakes, nationalization, trouble with indigenous peoples, economic collapse, trouble with non-government organizations operating locally, changes in tax and royalty laws as well as regulations, terrorism and even outbreaks of sickness and disease.

“Not all of these things are political, but all of them can affect every company working in the country, even companies with operations on the ground that remain completely unaffected.”

Political climate potent in all jurisdictions

With those hazards to watch out for, Tiggre said that there was “no such thing” as a safe jurisdiction to operate in, and that while some jurisdictions were “more prone to ebola outbreaks than others”, “safer” jurisdictions like the US and Canada were “always subject to change” that was an outcome of a cyclical political climate.

“Remember when Quebec decided to raise taxes on mining a few years ago, dropping it out of the top rankings in the Fraser Institute’s ranking of mining jurisdictions? Or in any Canadian province when the New Democratic Party wins, or in the US when the Democrats win?”

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Tiggre said that some companies sidestepped trouble by simply avoiding jurisdictions outright, skipping negotiations and cutting out any uncertainty.

“I do know that many companies operate on a simple blacklist principle. They have a list of ‘no go’ countries and they just don’t go there, no matter how exciting the opportunities might seem.” He said that many investors used the same approach to save heartbreak as it was much safer than trying to predict risk based on models.

“I also know that some financial types try to model this stuff and predict it, but I’ve never heard of anyone (predicting risk) reliably.

“I think it’s foolish and dangerous to put too much weight on such models.”

Price always trumped risk though said Tiggre, and a project in a country that’s twice as dangerous as an alternative but a tenth the initial price will attract investment.

“Whatever the ‘correct’ political risk discount might be, if a company doing business in a risky place makes a big discovery, builds a profitable new mine, or adds a lot of easily grasped value, the stock is likely to respond.”

How to know risk?

All that said, he said there was no crystal ball on predicting risk—after all, circumstances change.

There is never any way to really know what the risk is,” said Tiggre.

“You can sense that it’s more or less in certain places, but even the best places can take a turn for the worse and the worst places can take a turn for the better.

“That doesn’t mean you stay out of the market. It does mean you always remember that you are speculating, and never kid yourself into thinking that you’re investing. Not in natural resources, not even on the largest companies in the space.”

Tiggre said that the most sure-fire way of finding out about a project is to simply go to it and have a look around.

“What getting your boot on the ground does is give you a feel for whether the discount on a scary jurisdiction is overdone, or if the confidence in a safer jurisdiction might be ill-placed. That’s hard to tell without getting out there and speaking with the locals—preferably on your own, without management around, or official translators.”

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Scott Tibballs, hold no direct investment interest in any company mentioned in this article.

The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence

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Bitcoin Price: Bitcoin (BTC) Nears $7,500

Bitcoin Price

Bitcoin (BTC) is having a phenomenal 24 hours on the market; a bull run we haven’t seen from the digital currency in months. Let’s check in on the Bitcoin price.

Bitcoin Price Movement

Last week, Bitcoin had an unimpressive week on the market, but it seems to have turned itself around as BTC has seen over a 15% increase in just seven days. This doesn’t compare to the percentage gains the cryptocurrency was seeing towards the end of last year, but it’s a positive step.

This morning, Bitcoin gained over $ 10 billion in total …

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Trump Manchurian President Embarrasses Putin By Farcically Blowing his Russian Agent Cover

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article62732.html
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MOD Resources to Consolidate 100 Percent of T3 Project

MOD Resources Limited (ASX:MOD) has announced that it has executed binding agreements with Metal Tiger (LSE:MTR) to acquire MTR’s 30 percent stake in the T3 Project so that at completion MOD will own 100 percent of the T3 project in Botwana.

MOD has also executed binding agreements on the rights to purchase, at MOD’s election, MTR’s 30 percent interest in all other joint venture exploration assets with MOD up to 3 years from completion.

As highlighted in the press release:

  • Binding agreements with MTR to acquire MTR’s 30 percent interest in the substantial T3 project
  • 100 percent consolidation streamlines proposed financing and development of the T3 project
  • Transaction ~14 percent accretive for MOD shareholders in terms of per share ownership of T3 project
  • MOD receives rights to acquire, at its election, all other JV exploration assets
  • These rights provide significant additional option value for MOD shareholders
  • MTR to continue to fund its 30 percent share of JV exploration assets, outside the T3 project
  • Total scrip consideration ~A$ 26.6 million, significant restrictions including 12 months escrow

Managing director of MOD, Julian Hanna said:

“The MOD Board believes this binding agreement with Metal Tiger has the potential to add significant value for MOD shareholders.”

Click here to read the full MOD Resources (ASX:MOD) press release.

The post MOD Resources to Consolidate 100 Percent of T3 Project appeared first on Investing News Network.

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The Fonzie–Ponzi Theory of Government Debt: An Update

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article62731.html
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US Launches National Security Investigation into Uranium Imports

After the latest round of international tariffs, the US Commerce Department has launched a probe around the national security of uranium imports into the country.

The investigation will target the entire uranium space, from the mining sector to energy, defense and industrial use. This latest move by the Trump administration could result in more tariffs, continuing to heighten fears of a looming global trade war.

According to the Department of Commerce, the probe will focus largely on “whether the present quantity and circumstances of uranium ore and product imports into the US threaten to impair the national security.”

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The ramifications of a uranium-specific tariff would be especially large on the energy sector as uranium is the key fuel for nuclear power plants. Currently the US only produces five percent of the uranium its energy sector consumes, with the vast majority being imported from Canada, Kazakhstan, Russia, Australia and Uzbekistan.

The probe, which was announced Wednesday (July 18), is the result of a January petition filed by two US uranium mining companies, UR-Energy (TSX:URE) and Energy Fuels (TSX:EFR). The miners requested the Commerce Department to investigate the matter under Section 232 of the 1962 Trade Expansion Act.

A similar inquiry in the name of national security was launched earlier this year around imports of steel and aluminum. The findings resulted in a stiff 25 percent duty on imports of the industrial metals from the European Union, Canada, Mexico, China and Japan.

There is currently another investigation underway focused on the threat to security posed by auto imports.

The price of uranium has only recently begun to regain some of its strength following the 2011 Fukushima accident, which drove demand down when Japan took all its nuclear reactors offline.

Production of U308 was also reduced after 2011 and took a further blow late last year when the largest uranium producer in North America, Canadian-based Cameco (TSX:CCO), reduced its output.

While some worry the current probe will end in new tariffs, a similar uranium examination was launched in the US in 1989, citing the same legal provisions. The results of the late 80s investigation found foreign shipments didn’t threaten American national security.

“Our production of uranium necessary for military and electric power has dropped from 49 percent of our consumption to five percent,” said Secretary of Commerce Wilbur Ross. “The Department of Commerce’s Bureau of Industry and Security will conduct a thorough, fair, and transparent review to determine whether uranium imports threaten to impair national security.”

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Energy Fuels is a client of the Investing News Network. This article is not paid-for content.

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Marc Lasry: “Bitcoin Investors Will Make 5 to 10 times their Money in 3 to 5 Years”

Marc Lasry Predicts: Bitcoin has been on a run this week. The coin made a whopping and sudden 10% gain yesterday and it is still heading skyward.

Currently, it is sitting pretty at $ 7,457.

This week’s gains are surprising to some considering Bitcoins recent moves; it seemed everything was steadily going southward.

Marc Lasry Predicts

Avenue Capital Group CEO, Marc Lasry, has always regretted not buying Bitcoin when it was $ 300. The billionaire spoke of his regret back in December and has spoken out favorably for the coin again today with a …

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Article posted at The Market Oracle http://www.marketoracle.co.uk/Article62722.html
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Newmont Completes US$69-million Northwest Exodus Expansion

Gold miner Newmont Mining (NYSE:NEM) has completed a US$ 69-million expansion at its Exodus operation, extending the mine life of its Carlin mining operation in Nevada by ten years, the company announced on Tuesday (July 17).

The expansion, which was the company’s second in the last month, was completed both ahead of schedule and within budget and will add between 50,000 ounces a year and 75,000 ounces a year of gold production. The expansion will also lower Carlin’s all-in sustaining costs by about US$ 25 per ounce in its first five years of operation.

“Northwest Exodus leverages fit-for-purpose technologies, existing infrastructure and higher-grade ore to lower costs, extend mine life and deliver an internal rate of return of more than 40 percent,” said Tom Palmer, EVP and COO.

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“As our newest expansion, Northwest Exodus demonstrates Newmont’s commitment to investing prudently in viable technologies that enhance safety and generate long-term value for our stakeholders,he added.

According to Newmont, the project was designed to support autonomous operations and is currently running two autonomous mobile loaders while pilot-testing autonomous drills to both access and recover ore.

“The operation is also fitted with reliable, high-bandwidth underground Wi-Fi to connect people, systems and equipment,” the company said in a press release.

“Over the last five years, Newmont has built eight new mines and expansions on four continents, including Akyem and the Phoenix Copper Leach in 2013, Merian and Long Canyon in 2016, Tanami in 2017, and Twin Underground in 2018,” the company added.

Newmont Mining also completed a value-accretive acquisition of Cripple Creek and Victor in 2015 and delivered a profitable expansion at the mine in 2016.

As of 11:10 a.m. EST on Wednesday (July 18), Newmont was trading at US$ 37.10.

Don’t forget to follow us @INN_Resource for real-time news updates!

Securities Disclosure: I, Nicole Rashotte, hold no direct investment interest in any company mentioned in this article.  

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Fed Chairman on Crypto: “Not Real Currencies; Lack Intrinsic Value”

Fed chairman on crypto

Yesterday, bulls charged the crypto market, which caused Bitcoin to add $ 9B to its market capitalization in less than thirty minutes. But the Fed chairman on crypto is swinging the opposite way.

Today, we’ve seen a few bears emerge from the forest. Specifically, the head of the Federal Reserve spoke on cryptocurrencies today, providing comments that indicate he is bearish on virtual currencies. 

Fed Chairman on Crypto: A Risky Investment 

On Wednesday, Jerome Powell, the head of the Federal Reserve, which is the US’s central banking system, spoke with members of Congress. During the …

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Stock Market Investor “Buy the Dip” Mentality is Still Strong, Which is Bullish for Stocks

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article62728.html
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PUF Ventures Provides Update Regarding the Business of Natures Hemp Corp.

PUF Ventures Inc. (“PUF” or the “Company”) (CSE:PUF) (Frankfurt:PU3) (OTCPK:PUFXF), an advanced Access to Cannabis for Medical Purposes Regulations (“ACMPR”) license applicant, is pleased to provide an update on the business of its subsidiary Natures Hemp Corp. (“Natures Hemp”).

Natures Hemp, a biotechnology and consumer products company focused on unlocking the true value of the hemp for both B2B and B2C markets, and Cannvas MedTech Inc. (“Cannvas”), a leading business technology company within the cannabis space, are pleased to announce the signing of a letter of intent  (the “LOI”), to negotiate in good faith a data analytics agreement, for which Cannvas will provide industry insight and analytical modelling capabilities to Natures Hemp business models and Key Performance Indicators (KPIs).

“As we work to complete the plan of arrangement with Natures Hemp, it continues to make strides to become a leading biotechnology and consumer products company,” said Derek Ivany, President and CEO, of PUF Ventures. “It is currently working with the University of Manitoba to develop proprietary an organic hemp-based milk which contains no sugar and no cholesterol, is free of soy and gluten and is an abundant source of vital nutrients. The recent letter of intent between Natures Hemp and Cannvas could lead to an agreement and provide valuable market data and analytics to Natures Hemp as it looks to introduce new and exciting hemp-based products. I am very pleased that the two PUF spin-out companies are working together to create shareholder value.”

Under the terms of the LOI, Cannvas will develop specific parameters within its existing Cannvas Data framework to collect data and analytics from Natures Hemp and their strategic partnerships, and Natures Hemp is expected to gain access to a broad data set as they press forward in the hemp sector and becomes a stand-alone public company. It is expected that the LOI and a subsequent agreement will allow Natures Hemp to bring the right products to market at the right time and to the right individuals, and will maximize Natures Hemp customer conversion funnel.

Cannvas Data is the analytics branch of Cannvas MedTech. Its mission is to collect data from various credible sources to enhance user personal data algorithms for Cannvas.me. Cannvas Data is expected to leverage existing databases, site traffic and advanced technology for marketing purposes, and is expected to leverage its comprehensive solution for the global hemp community. Cannvas and Natures Hemp have agreed to a discovery period whereby the technological specifications of the connectivity will be setup by Cannvas Data. Cannvas and Natures Hemp will work together towards a definitive partnership agreement within the next 45 days.

About Natures Hemp Corp.

Natures Hemp is a biotechnology and consumer products company focused on unlocking the true value of hemp and developing a new generation of plant-based, nutrient rich cannabidiol (CBD) food, beverage and healthcare related products. It is establishing its own farms to produce high quality organic hemp plants and using a proprietary extraction technology to produce legal hemp fibers and CBD extract. It is also launching a premium brand of quality CBD products with an emphasis on health and wellness.  Currently. Natures Hemp is a subsidiary of PUF.  Pursuant to the previously announced plan of arrangement between Natures Hemp and PUF, if the plan of arrangement is approved by the shareholders of PUF and the court, it is expected that Natures Hemp will become a reporting issuer.

About Cannvas MedTech Inc.

Cannvas MedTech is a leading business technology company within the cannabis space. We design and build customer-centric solutions that enable our partners to harness the power of data to truly understand their customers, industry, and key business drivers.

About PUF Ventures Inc.

PUF Ventures Inc. is a growth oriented and diversified company focused on the international cannabis industry. It has ownership in several cannabis companies: AAA Heidelberg, Solaris Nutraceuticals Pty Ltd., and Natures Hemp Corp., and is actively pursuing other opportunities within the industry. PUF has an option to purchase 100% of AAA Heidelberg Inc., an advanced applicant for an ACMPR license. Solaris Nutraceuticals is building the largest medical cannabis greenhouse in the Southern Hemisphere. For more information please visit: www.puf.ca.

ON BEHALF OF THE BOARD OF DIRECTORS

Derek Ivany
President & CEO

No stock exchange or securities regulatory authority has reviewed or accepted responsibility for the adequacy or accuracy of this release.

Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Issuer’s future plans, objectives or goals, including words to the effect that the Issuer or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

SOURCE PUF Ventures

For further information: PUF Ventures Inc., E: ir@puf.ca, T: (800) 783-6056

Click here to connect with PUF Ventures Inc. (CSE:PUF) (Frankfurt:PU3) (OTCPK:PUFXF) for an Investor Presentation.

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Will the Fed’s Interest Rate Tightening Trigger Another Financial Crisis?

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article62729.html
The Market Oracle – Financial Markets Analysis and Forecasts – CLICK TO READ ARTICLE

Medallion Resources Announces $100,000 Private Placement

Medallion Resources Ltd. (TSXV:MDL; OTCPK:MLLOF; Frankfurt:MRDN) – (“Medallion” or the “Company”), pusuing smart production of magnet metals, today announces that it has arranged, with a single high net worth investor, a non-brokered private placement (the “Private Placement”) of 1,000,000 units (each a “Unit”) at a purchase price of $ 0.10 per Unit for gross proceeds of $ 100,000. The Private Placement is expected to close within a few days. Each Unit will consist of one common share in the capital of the Company (a “Common Share”) and one transferable Common Share purchase warrant (a “Warrant”). Each Warrant will be exercisable to acquire one additional Common Share at an exercise price of $ 0.15 per Warrant for a period of 36 months following the closing of the Private Placement (the “Closing Date”).

The proceeds of the Private Placement will be used to further the metallurgical test program that Medallion has undertaken with the Saskatchewan Research Council; customer and monazite feedstock supply development work; jurisdiction and site analysis for the Company’s proposed rare-earth extraction plant; and working capital. The completion of the Private Placement is subject to the acceptance of the TSX-V.

All securities issued in connection with the Private Placement will be subject to a four-month hold period from the Closing Date, pursuant to applicable securities laws and the policies of the TSX-V. The securities issued in connection with the Private Placement have not been nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws, and may not be offered or sold in the United States or to an account for the benefit of US persons, absent such registration or an exemption from registration. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, sale, or solicitation would be unlawful.

About Medallion Resources

Medallion Resources is developing an approach for low-cost, near-term, rare-earth element (REE) production by exploiting monazite. Monazite is a rare-earth phosphate mineral that is widely available as a by-product from mineral sand mining operations. REEs are critical inputs to electric and hybrid vehicles, electronics, imaging systems, wind turbines and strategic defense systems. Medallion is committed to following best practices and accepted international standards in all aspects of mineral transportation, processing and the safe management of waste materials. More about Medallion (TSX-V: MDL; OTCPK: MLLOF; Frankfurt: MRDN) can be found at medallionresources.com.

Contact: Donald Lay, President & CEO at +1.604.681.9558 or info@medallionresources.com

– END –

Neither 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. Medallion management takes full responsibility for content and has prepared this news release. Some of the statements contained in this release are forward-looking statements, such as statements that describe Medallion’s plans with respect to the completion and the use of the proceeds of the Private Placement. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties, including the risks related to market conditions and regulatory approval and other risks outlined in the Company’s management discussions and analysis of financial results. Actual results in each case could differ materially from those currently anticipated in these statements. Also, in order to proceed with Medallion’s plans, additional funding will be necessary and, depending on market conditions, this funding may not be forthcoming on a schedule or on terms that facilitate Medallion’s plans. These forward looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, Medallion disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise.

Click here to connect with Medallion Resources Ltd. (TSXV:MDL; OTCPK:MLLOF; Frankfurt:MRDN) for an Investor Presentation.

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