Thursday, December 17, 2020

Institutional #Investors Betting on Future of #Bitcoin; #Crypto Snapshot (OTCQB: $INTV) (NASDAQ: $MARA) (NASDAQ: $RIOT) (OTCQX: $GBTC) @IntVentures @MarathonPatent @RiotBlockchain @Grayscale

Institutional #Investors Betting on Future of #Bitcoin; #Crypto Snapshot (OTCQB: $INTV) (NASDAQ: $MARA) (NASDAQ: $RIOT) (OTCQX: $GBTC) @IntVentures @MarathonPatent @RiotBlockchain @Grayscale

 

Point Roberts WA, Delta BC – December 17, 2020  Investorideas.com, a global investor news source covering blockchain and cryptocurrency issues a special news report looking at recent news and developments in the bitcoin/cryptocurrency sector.

 

Read this article, featuring INTV in full at https://www.investorideas.com/news/2020/cryptocurrency/12171Crypto-Snapshot.asp

 

As bitcoin recovered and is trading well above $19,000 again, more and more institutional investors are betting on the future of bitcoin and some say it may be a better investment than gold.

 

The Crypto Corner at Investor Ideas reported Monday, “Strategists from JPMorgan (NYSE:JPM) commented on insurance firm MassMutual’s purchase of $100 million in Bitcoin last week, according to Bloomberg:

 

“MassMutual’s Bitcoin purchases represent another milestone in the Bitcoin adoption by institutional investors. [...] One can see the potential demand that could arise over the coming years as other insurance companies and pension funds follow MassMutual’s example.”

 

Public companies are seeing retail investors flock to the sector and stocks are gaining in parallel to bitcoin prices.

 

Integrated Ventures Inc. (OTCQB: INTV), a company focused on acquiring, launching and operating assets in the cryptocurrency sector, and one of the few  fully reporting  OTCQB stocks  in the space trading under $0.10, announced in November  that it purchased WhatsMiner Mining Equipment, Valued at $190,000. The company in its news release confirmed is purchase and provided additional details, in regards to all recent purchases of cryptocurrency mining equipment.

 

The purchasing summary (Q4/2020 thru Q1/2021) of all mining equipment is as follows: total Units Purchased: 289.

 

In total, 395 units (including previously purchased Antminer T17 and GPU powered units) will be connected by December 15, 2020.

 

Steve Rubakh, CEO of Integrated Ventures, Inc, commented :"The Company is deploying recently raised capital for purchases of the mining equipment, driven by :a decrease in power and general operating costs improved profitability and efficiency of the mining equipment ,recovery and recent performance of the cryptocurrency markets.”

 Estimated unaudited annual mining revenues, based on BTC price of $17,000 are tracking at $950,000+ vs. actual revenues of $454,170 for year 2020.

 

“Thus, subject to the equipment availability, the Company intends to execute purchases of the mining equipment, on bi-weekly basis, mainly relying on current and future cash flow. We expect to deliver revenue and profitability growth and see a great potential for the M&A driven business expansion opportunities, going forward".  Read the full news

 

Marathon Patent Group, Inc. (NASDAQ:MARA), one of the largest enterprise Bitcoin self-mining companies in North America, announced on December 9th it entered into a contract with Bitmain to purchase 10,000 Antminer S-19j Pro ASIC Miners.

 

Under the terms of the agreement, Marathon will receive an initial batch of 6,000 S-19j Pro Miners in August 2021. The remaining 4,000 miners will be delivered in September 2021.

Once all of Marathon’s purchased miners are delivered and fully deployed, the Company’s mining portfolio will consist of 33,560 state of the art ASIC miners, generating 3.56 EH/s. As a result, the Company will be consuming approximately 100 MWs of power, the maximum amount available at the Company’s data center in Hardin, MT.

 

To continue expanding its operations, the Company is working with its energy partner, Beowulf Energy, to open a renewable energy powered data center in the northeastern United States. This facility will initially provide Marathon with an additional 100 MWs of power and has the potential to increase to 250 MWs of power.

 

Marathon’s chairman and chief executive officer, Merrick Okamoto, stated, “We are pleased to have successfully completed the purchase of all ASIC Miners required to fully utilize our 100 MW data center in Hardin MT. We are now looking forward to our next phase of growth as we build out our second data center. The new facility will be powered primarily by clean, renewable power, which is not only cost-effective, but will also allow us to lower our carbon footprint. Currently, we believe the costs to operate our second facility will be similar to the industry-leading rates we have at our Hardin facility: $0.028 per kWh for power and $0.006 per kWh for hosting operations.”

 

Riot Blockchain, Inc. (NASDAQ: RIOT) , one of the few Nasdaq-listed bitcoin mining companies in the United States, announced Monday an 8 megawatt (MW) pilot project to assess the potential for higher productivity and lower cost mining opportunities in Texas.

 

Riot has teamed up with two leading-edge technology companies, Enigma Digital Assets AG (“Enigma”) and Lancium, LLC (“Lancium”) to launch the pilot project. The pilot project has the unique dual focus of evaluating Enigma’s next-generation immersion technology to increase mining productivity, in addition to evaluating Lancium’s Smart Response™ software to reduce energy costs.

 

“Bitcoin mining is about scale, low-cost infrastructure and ultra low-cost electricity,” stated Michael McNamara, CEO of Lancium. “Enigma’s innovative solutions appear to offer a very meaningful improvement on installed cost and productivity. Lancium’s power-ramping and trading expertise perfectly complements this by delivering an innovative solution to provide the pilot project with low-cost, optimized electricity.”

 

“Our new mining modules are among the world’s most powerful, efficient and heat-resilient solutions for mining Bitcoin,” said Jakov Dolic, Co-Founder of Enigma. “Large economies of scale allows rapid ROI, and resilience to heat enhances operating performance in hotter climates, especially where powered with low-cost electricity. We are extremely excited to launch this relationship with Riot and Lancium.”

 

Grayscale Investments, LLC (OTCQX: GBTC ), the first publicly-quoted* Bitcoin investment vehicle and the first digital currency investment vehicle to attain the status of an SEC reporting company, has had a 52 week range of $5.01 - $24.12, giving investors some big wins in 2020.

 

Grayscale Bitcoin Trust is solely and passively invested in Bitcoin, enabling investors to gain exposure to BTC in the form of a security while avoiding the challenges of buying, storing, and safekeeping BTC directly.

 

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

 

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood, Acorn, Stash and others.

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

 

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#RareEarth #Mining #Stocks Media Alert for Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) - ‘DEFENSE METALS: THE SCARCER THE GOODS, THE HIGHER THE PRICE’ ; @DefenseMetals

#RareEarth #Mining #Stocks Media Alert for Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) - ‘DEFENSE METALS: THE SCARCER THE GOODS, THE HIGHER THE PRICE’ ; @DefenseMetals

 


Vancouver, British Columbia, December 17, 2020 –
 Investorideas.com Newswire –Media alert for Defense Metals Corp. (TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D).The company was featured in the following  article : “E.ON, SARTORIUS, DEFENSE METALS: THE SCARCER THE GOODS, THE HIGHER THE PRICE.”

 

Read this news featuring DEFN in full at https://www.investorideas.com/news/2020/mining/12171DEFN-Rare-Earth-Mining.asp

 

Full article and Original source  
https://news.financial/comments/e-on-sartorius-defense-metals-the-scarcer-the-goods-the-higher-the-price

 

Excerpt:

DEFENSE METALS: GOOD UNDERLYING CONDITIONS, SPECULATIVE SHARE

 

Defense Metals is still a long way from a share price performance like that of Sartorius. However, the Canadian Company is also sitting on an essential commodity: rare earths. 90% of this critical raw material is mined in China and found in many products, such as consumer electronics and rechargeable batteries. Defense Metals is developing one of the few rare earth properties in North America, emphasizing the strategic importance of the metals, including to the defence industry.

 

Recently, Jamie Spratt, an expert in corporate finance, joined the Defense Metals team. The appointment is a sign that Defense Metals wants to get down to business as quickly as possible. The Company has an option to buy the Wicheeda rare earth project near the Canadian city of Prince George. Exploration drilling has already shown promise in recent months.

 

Given the growing scarcity of rare earth metals and the simultaneous increase in demand for raw materials from regions with high environmental standards, the general conditions for Defense Metals are considered good. However, as the Company is still only valued at just over EUR 7 million, the stock must be regarded as speculative.

 


Author

NICO POPP

 

At home in Southern Germany, the passionate stock exchange expert has been accompanying the capital markets for about twenty years. With a soft spot for smaller companies, he is constantly on the lookout for exciting investment stories.

 

About Defense Metals Corp. https://defensemetals.com/

Defense Metals Corp. is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in the electric power market, military, national security and the production of “GREEN” energy technologies, such as, high strength alloys and rare earth magnets. Defense Metals has an option to acquire 100% of the 1,708 hectare Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol “DEFN” on the TSX Venture Exchange, in the United States, under “DFMTF” on the OTCQB and in Germany on the Frankfurt Exchange under “35D”.

 

For further information, please contact:

Todd Hanas, Bluesky Corporate Communications Ltd.

Vice President, Investor Relations

Tel: (778) 994 8072

Email: todd@blueskycorp.ca

 

Forward Looking Information

This news release contains “forwardlooking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements relating to finding partnerships, securing potential offtake agreements, and other business opportunities, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company’s profile on SEDAR at www.sedar.com. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather conditions, failure to maintain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), decrease in the price of rare earth elements, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forwardlooking statements or forwardlooking information, except as required by law.

 

 

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#AI #Health #Stocks Breaking News: GBT Tokenize (OTCPINK: $GTCH) is Seeking to Develop an Expert System Based Flow qTerm Vitals' Device Mobile Application; #Artificialintelligence

#AI #Health #Stocks Breaking News: GBT Tokenize (OTCPINK: $GTCH) is Seeking to Develop an Expert System Based Flow qTerm Vitals' Device Mobile Application; #Artificialintelligence

 


SAN DIEGO - December 17, 2020 (Investorideas.com Newswire) GBT Technologies Inc. (OTCPINK: GTCH) ("GBT", or the "Company"), announced that its Joint Venture, GBT Tokenize Corp ("GBT/Tokenize"), is currently developing an expert system based flow for its qTerm device mobile application. An expert system is an artificial intelligence based computer program that solves problems that would usually require a human expert. An expert system typically relies on a knowledge base and fact analysis resources.

 

Read this news featuring GTCH in full at https://www.investorideas.com/CO/GOPH/news/2020/12171qTerm-Mobile-Application.asp

 

The knowledge database is an organized collection of facts and rules about a topic. In qTerm, the database will be the user's vitals data and measurement that is taken over time. The facts analysis engine interprets and evaluates the knowledge base facts in order to provide the best answer for a query. Typical implementations of expert systems are data analysis, diagnostics, gaming, classifications or specific tasks. Upon a query the analysis engine fetches the relevant knowledge from the knowledge base, interprets it and to find a solution that is the most relevant to the problem. In an efficient expert system many facts are acquired and evaluated. The system provides the best answer to the query based on the provided knowledge.

 

GBT/Tokenize is developing a learning knowledge flow to be implemented within its qTerm mobile application. The goal of the flow will be to integrate machine learning functions to allow the expert system to acquire more and more knowledge from past experience and various external sources. The information will be categorized and classified for every user and stored in the user's private knowledge base. In this way each user will have personal own health history and private records. Furthermore, the new goal of the new flow will be to provide an explanation, statistics and alerts in case a potential health issue is predicted. For example, assuming the finalization of design and implementation, based on specific user measurements data, the expert system heuristic engine may reach a conclusion to recommend an immediate professional medical consultation which can be significant in early detection of diseases. It is the goal of the expert system to work as an integral part with a backend program, and will be constantly studying the user's health. The system will be self-learned just like a human being and improve from experience. The flow will provide feedback through the mobile application and a web application.

 

"We are preparing qTerm infrastructure for our qTerm vitals device and our goal is to develop an advanced flow for its mobile application. The mobile application flow is targeted to work with a backend server and together to run an expert system that will use a knowledge database and an inference engine. We believe that our qTerm device will become a health monitor device for users, enabling health-aware life. We believe this type of system can save lives for users with existing conditions," stated Danny Rittman, GBT's CTO

 

Forward-Looking Statements

Certain statements contained in this press release may constitute "forward-looking statements". Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company's ability to raise capital on acceptable terms, if at all, the Company's successful development of its products and the integration into its existing products and the commercial acceptance of the Company's products. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.

 

Contact:

Dr. Danny Rittman, CTO
GBT Technologies Inc.
Media: 
press@gopherprotocol.com

 

GBT Technologies Inc. (OTCQB:GTCH) is a featured tech stock on

Investorideas.com

 

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Wednesday, December 16, 2020

Investor Ideas #Potcasts Episode 508, #Cannabis News and #Stocks on the Move; (TSX: $APHA.TO) (NASDAQ: $APHA) (NASDAQ: $TLRY) (OTC: $EDXC) (OTCQX: $INLB)

Investor Ideas #Potcasts Episode 508, #Cannabis News and #Stocks on the Move; (TSX: $APHA.TO) (NASDAQ: $APHA) (NASDAQ: $TLRY) (OTC: $EDXC) (OTCQX: $INLB)

 


Delta, Kelowna, BC, December 16, 2020 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca  release today’s podcast edition of  cannabis news and stocks to watch plus insight from thought leaders and experts.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2020/121620-StocksToWatch.mp3

 

Read this in full at https://www.investorideas.com/news/2020/cannabis-potcasts/12161APHA-TLRY-EDXC-INLB.asp

 

Hear Investor ideas cannabis potcast on iTunes  

 

Hear the investor ideas potcast on Spotify

 

Today’s podcast overview/transcript:

 

Good afternoon and welcome to another episode of Investorideas.com "Potcast" featuring cannabis news, stocks to watch as well as insights from thought leaders and experts.

 

In today’s podcast we will be looking at a few private and public company announcements.

 

Aphria Inc. (TSX: APHA) (Nasdaq: APHA), a leading global cannabis company inspiring and empowering the worldwide community to live their very best life, and Tilray, Inc. (Nasdaq: TLRY), a global pioneer in cannabis research, cultivation, production and distribution, today announced that they have entered into a definitive agreement to combine their businesses and create the world’s largest global cannabis company based on pro forma revenue. The deal is pursuant to a plan of arrangement under the Business Corporations Act (Ontario), and the implied pro forma equity value of the Combined Company is approximately C$5.0 billion (US$3.9 billion), based on the share price of Aphria and Tilray at the close of market on December 15, 2020. Following the completion of the Arrangement, the Combined Company will have principal offices in the United States (New York and Seattle), Canada (Toronto, Leamington and Vancouver Island), Portugal and Germany, and it will operate under the Tilray corporate name with shares trading on NASDAQ under ticker symbol "TLRY".

 

The Combined Company, supported by low-cost, state-of-the-art cultivation, processing, and manufacturing facilities, will have a complete portfolio of branded Cannabis 2.0 products in Canada. Internationally, the Combined Company will be well-positioned to pursue growth opportunities with Aphria’s medical cannabis and distribution footprint in Germany, and Tilray’s European Union Good Manufacturing Practices low-cost cannabis production facility in Portugal, which has export capabilities and tariff-free access to the European Union to meet increasing global demand for medical cannabis. In the United States, the Combined Company will have a strong consumer packaged goods presence and infrastructure with two strategic pillars, including SweetWater Brewing Company, a cannabis lifestyle branded craft brewer, and Manitoba Harvest, a leading hemp food manufacturer and a pioneer in branded CBD and wellness products. The Combined Company is expected to have a strong, flexible balance sheet, cash balance and access to capital giving it the ability to accelerate growth and deliver attractive returns for stockholders.

 

Under the terms of the Arrangement, the shareholders of Aphria will receive 0.8381 shares of Tilray for each Aphria common share, while holders of Tilray shares will continue to hold their Tilray shares with no adjustment to their holdings. Upon the completion of the Arrangement, Aphria Shareholders will own approximately 62 percent of the outstanding Tilray Shares on a fully diluted basis, resulting in a reverse acquisition of Tilray, representing a premium of 23 percent based on the share price at market close on December 15, 2020 to Tilray shareholders. On a pro forma basis for the last twelve months reported by each company, the Combined Company would have had revenue of C$874 million (US$685 million).

 

The Combined Company will be led by a best-in-class management team and board of directors, with strong track records in consumer-packaged goods and cannabis experience internationally. Upon completion of the Arrangement, Aphria’s current Chairman and Chief Executive Officer, Irwin D. Simon, will lead the Combined Company as Chairman and Chief Executive Officer. The board of directors will consist of nine members, seven of which, including Mr. Simon, are current Aphria directors and two of which will be from Tilray, including Brendan Kennedy, and one of which is to be designated. Aphria and Tilray are confident that the leadership team and proposed board of directors of the Combined Company provides a strong foundation for the Combined Company to accelerate growth. Additional senior leadership positions at the Combined Company will be named at a later date.

 

"This is an exciting day for both companies including our 2,500 employees, for the cannabis industry, and for patients and consumers around the world. We are bringing together two world-class companies that share a culture of innovation, brand development and cultivation to enhance our Canadian, U.S., and international scale as we pursue opportunities for accelerated growth with the strength and flexibility of our balance sheet and access to capital," said Mr. Simon. "Our highly complementary businesses create a combined company with a leading branded product portfolio, including the most comprehensive Cannabis 2.0 product offerings for patients and consumers, along with significant synergies across our operations in Canada, Europe and the United States. Our business combination with Tilray aligns with our strategic focus and emphasis on our highest return priorities as we strive to generate value for all stakeholders."

 

"I am honored to work with Brendan Kennedy, a pioneer in the cannabis industry, and the Tilray team as they join forces with our talented employees at Aphria," continued Mr. Simon. "I look forward to leading the talented teams of both Aphria and Tilray as we seek to create a leading global cannabis and consumer packaged goods company with a portfolio of medical, wellness and adult-use brands consumers love."

 

Mr. Kennedy, Tilray’s Chief Executive Officer, commented, "We are thrilled to bring together two cannabis industry leaders. At this nascent stage of development and expansion of the global cannabis market, we believe companies with leading geographic scale, product range and brand expertise are most likely to benefit long-term. By leveraging our combined strengths and capabilities, we expect to be able to meet the needs of consumers more effectively all over the world and advance patient care. With a strong financial profile, low-cost production, leading brands, distribution network and unique partnerships, we believe the Combined Company will be well-positioned to deliver sustainable, attractive returns for stockholders. I look forward to working with Irwin and the Combined Company’s management team to make our consumer products more accessible around the world."

 

 

Emerald Bioscience, Inc. (OTCQB: EMBI), a preclinical biopharmaceutical company focused on developing proprietary molecules with strong clinical and commercial differentiation, announced the publication of a peer-reviewed paper reporting that THCVHS, the Company’s novel THC prodrug, was optimized through a nanoemulsion formulation (THCVHS-NE) for drug delivery into the eye and demonstrated significantly better reduction of intraocular pressure (IOP) compared to the commercially approved standard of care in normotensive rabbits.

 

Response was determined by measuring reduction in IOP from baseline following a single treatment with either THCVHS-NE (1% w/v), latanoprost (0.005% w/v), or timolol (0.25% w/v), which was measured every 30 minutes post-treatment up to 180 minutes, followed by measurements at 240, 360 and 480 minutes post-treatment. Duration of response was determined as the time required for IOP to return to 90% of baseline. THCVHS-NE achieved a maximum drop in IOP of 23% compared to latanoprost (13%) and timolol (14%). In addition, duration of response for THCVHS-NE was ≤480 minutes, compared to latanoprost (≤360 minutes) and timolol (≤90 minutes) (p<0.05) in normotensive rabbits. Therefore, a nanoemulsion formulation of THCVHS appears to not only be more effective at reducing IOP, but also has a longer duration of response when compared to standard of care treatment for glaucoma.

 

The article, entitled “Effect of surfactant concentration and sterilization process on intraocular pressure–lowering activity of Δ9 tetrahydrocannabinol valinehemisuccinate (NB1111) nanoemulsions,” authored by Sweeney, C., Dudhipala, N., Thakkar, R.  et al, was published in the November 2020 issue of Drug Delivery and Translational Research. The experiments were conducted by researchers at the University of Mississippi.

 

“Our aim is to be able to offer ophthalmologists and their patients a superior new class of treatment for glaucoma, with better intraocular-pressure-lowering activity to prevent vision loss. The intriguing scenario is that THC’s ability to lower intraocular pressure is already validated – we know it works, based on prior human studies! We also know, however, that to successfully employ THC as a good medicine for glaucoma we need to have an effective method of local delivery into the eye, consistent with the American Academy of Ophthalmology’s recommendation against systemic use of cannabis to manage glaucoma. This is precisely what our drug offers,” said Punit Dhillon, CEO of Emerald.

 

“What is additionally and particularly notable is that our unique, synthetic bioengineered THCVHS molecule has potential capabilities that current treatments are unable to provide. A large percentage of glaucoma patients do not experience increased IOP but nevertheless experience vision loss believed to result from other neurodegenerative effects on the cells of the optical nerve. THC is also known to have neuroprotective properties. If our drug can protect against vision loss in patients with normal IOP as well, we would have an extraordinary new solution to offer for the prevention of glaucoma-related vision loss.

 

“We are working to complete our preclinical work in the near term and then start our planned human study in the third quarter of 2021. The nature of this disease will allow us to simultaneously provide safety and early efficacy outcomes in a first human study that is relatively fast and low-cost compared to the typical realization of such results in the clinical trial process,” added Mr. Dhillon.

 

Endexx Corporation (OTC: EDXC): Music magnate, mega producer and GRAMMY® Award-winning artist DJ Khaled announced his entrance into the CBD industry. Inspired by his personal wellness journey, Khaled, in partnership with Endexx, a leading producer and manufacturer of hemp-derived CBD wellness products, will introduce his new company and debut the first collection in 2021.

 

Although most well-known for his contributions to the music world, the self-made businessman turned international music icon is also a dedicated family man -- committed to instilling the importance of health and wellness into everyday life. Grateful to be a father, he released two albums in honor of his children, Father of Asahd in 2019 and Grateful in 2017. With all of these blessings, Khaled continues building his legacy and success by focusing his energies on the health and wellness sector.

 

“As a father, an entrepreneur, a music exec and visionary I am blessed with daily inspiration, a drive to work hard and a passion for success.  CBD has become a part of my daily routine and allows me to focus myself and my energies, while striving to better myself every day,” says DJ Khaled.   “I was drawn to Endexx Corporation because they're an innovative company that has proven they have the keys to deliver consistent, top of the line, high-quality products.”

 

“We are excited to announce our partnership with DJ Khaled,” stated Todd Davis, CEO of Endexx Corporation. “Khaled’s knowledge and passion for CBD is bountiful and we realized we are aligned in our approach towards product quality and business acumen.  We understand and share the values that a brand goes beyond physical products; it needs to help people feel good about themselves and be part of a day-to-day lifestyle.”

 

Miami based IMPACT Brokers, the third party in the joint venture, will be spearheading sales and integrated marketing efforts on behalf of the brand. “We are committed to accelerating innovation and diversity throughout this developing industry while offering strategic guidance to best-in-class CBD suppliers.  IMPACT Brokers sits at the forefront of culture and has the ability to predict industry trends.  We look forward to taking this newest business nationwide,” says Ryan Stender, CEO of IMPACT Brokers.

 

The hemp-derived, cannabidiol-rich collection is anticipated to launch in early 2021.

 

Item 9 Labs Corp. (OTCQX: INLB), a vertically integrated cannabis operator that produces premium products, announced today that it has finalized its merger agreement with ONE Cannabis Group (OCG, Inc.) and expects to close the merger in January 2021.

 

ONE Cannabis Group, based in Colorado, is the parent company to the cannabis dispensary franchise Unity Rd. Built up from the legacy of a 10-plus year, award-winning Colorado dispensary & cultivator and infused with decades of franchise experience, the company helps eager operators enter the complex industry with ease. The cannabis franchise pioneer offers its partners the knowledge, resources, and ongoing support needed to compliantly and profitably operate a dispensary. Currently, Unity Rd. has franchise agreements signed for the development of more than two dozen shops across multiple states and expects the first store to open in quarter one 2021.

 

Recently, it was named one of the top cannabis retail leaders in the nation by MJBizDaily magazine and one of the "Best Cannabis Companies to Work For" in both the dispensary and cultivation categories in Cannabis Business Times' elite 2020 list. The company is also the first cannabis business to earn a Franchise Times Dealmakers award – a recognition presented to the boldest players driving mergers and acquisitions in franchising. For more information on ONE Cannabis Group, visit ocginc.com and head to unityrd.com for details on the Unity Rd. franchise opportunity.

 

"Our teams have been working on parallel paths to ensure a smooth integration and are eager to officially operate as one unit. This was a significant milestone for all and we look forward to closing [the merger] in January 2021," Item 9 Labs' Chief Executive Officer, Andrew Bowden, commented. "The merger with ONE Cannabis Group greatly enhances our business capabilities with its retail distribution and unique franchise operation. Their business model and national network of Unity Rd. franchise partners create highly predictable, recurring revenue streams."

 

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