#Mining/ #Metals/ #GreenEnergy News -Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) FOUNDING MEMBER OF CANADIAN CRITICAL MINERALS AND MATERIALS ALLIANCE; @DefenseMetals

 

 

#Mining/ #Metals/ #GreenEnergy News -Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) FOUNDING MEMBER OF CANADIAN CRITICAL MINERALS AND MATERIALS ALLIANCE; @DefenseMetals 

 

Vancouver, BC, January 19, 2021 - Investorideas.com Newswire - Mining/Metals/ Green Energy Stock News Defense Metals Corp. (“Defense Metals”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is pleased to announce its support as a Founding Member of the recently launched Canadian Critical Minerals and Materials Alliance (C2M2A). Defense Metals and nine other C2M2A founders reflect a broad knowledge base across the suite of critical material supply chains; including current & prospective producers and processors, commercial & national laboratories, academia and innovation hubs, and engineering & business experts.

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2021/mining/01191DEFN-C2M2A.asp

 

Defense Metals support of the C2M2A initiative, representing a clear industry voice to guide Government of Canada policy towards establishing Canadian-based critical material supply chains, will greatly benefit the advancement of its 1,708 hectare (4,220 acre) Wicheeda Rare Earth Element (REE) Property (“Wicheeda”) located near Prince George, British Columbia (BC). The Wicheeda project has indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements) and inferred mineral resources of 12,100,000 tonnes averaging 2.90% LREO[1].

 

Launched on January 14, 2021 the Canadian Critical Minerals and Materials Alliance is an industry association aimed at advancing resilient critical materials supply chains for Canada’s cleantech economy. The launch of C2M2A builds on the earlier establishment of the Canadian Rare Earth Elements Network (CREEN) in 2013 and its success in building awareness on the growing importance of rare earth elements.

 

Recent geopolitical developments have underscored the importance of the critical materials supply chains necessary for clean energy, electric vehicles, communications, medical and aerospace applications. A coordinated supply chain consortium, which represents both upstream and downstream critical materials producers (e.g., rare earth elements, lithium, cobalt, graphite and others) will help support policymakers and industry players implement strategies that will enable full Canadian participation in the sector.

 

Other international jurisdictions including the European Union, Japan, the United States and Australia have already made announcements on their critical materials strategy. Alliance members agree that it is time for Canada to step up and move forward with its own strategy. Canada is well  positioned to implement its vision for a clean energy future because of its enormous critical minerals resource wealth; however, the  country must implement a strategy to use  this wealth to establish the  downstream processing capacity to create the  refined materials needed in electric vehicle and  battery technologies.

 

Recent announcements by the federal government with Ford Motors and General Motors on their plans to establish more electric vehicle manufacturing capacity in Canada confirm Canada’s commitment to a low-carbon future. C2M2A will help support further investments in this rapidly advancing sector of the economy, particularly in outlining the effort and costs to build value- creating materials chains in Canada.

 

Craig Taylor, CEO comments:

 

“With the support of the C2M2A initiative Defense Metals continues to establish itself as one of the industry leaders in the advancing Canadian-based critical material supply chains. As North America and the world move toward widespread adoption of electric vehicles and other green technologies there will be upward demand pressure on critical REE magnet-metals, principally NdPr. Defense Metals is well-positioned to meet demand for North American-sourced critical REE’s with one of the highest-grade road accessible deposits, with potential to reduce the political and strategic risk of current reliance on Chinese REE sources.”

 

About C2M2A

C2M2A is a non-profit, independent organization with a mission to foster and enhance Canada’s role as a leader in the production of critical materials manufacturing in support of the global transition to a low-carbon, clean-growth economy. By focusing on rapidly advancing the establishment of economic critical materials production and manufacturing capacity, Canada will grow its economy, compete globally and continue to protect the environment. C2M2A will enable stakeholders around the country to collaborate on shared priorities while respecting each jurisdiction’s needs and plans, including the need to ensure the continued competitiveness and viability of businesses. For more information, please visit www.C2M2A.org.

 

Qualified Person

The scientific and technical information contained in this news release as it relates to the Wicheeda REE Property has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a director of Defense Metals and a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. 

 

About Defense Metals Corp.

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 visit https://defensemetals.com/  or contact:

Todd Hanas, Bluesky Corporate Communications Ltd.

Vice President, Investor Relations

Tel: (778) 994 8072

Email: todd@blueskycorp.ca

 

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

 

Cautionary Statement Regarding Forward Looking Information

This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements relating to the Company’s plans for its Wicheeda project, XRT study and the expected benefits and results therefrom, 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 or obtain 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 forward‐looking statements or forward‐looking information, except as required by law.

 

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[1] Technical Report on the Wicheeda Property, British Columbia, effective June 27, 2020 and prepared by APEX Geoscience Ltd. (Steven J. Nicholls, B.A. Sc., MAIG and Kristopher J. Raffle, B.Sc., P.Geo) is available under Defense Metals Corp.’s profile on SEDAR (www.sedar.com)

Breaking #Cleantech #Stock News: dynaCERT (TSX: $DYA.TO) (OTCQX: $DYFSF) (FRA: DMJ) Announces Strategic OEM Collaboration with Harold Martin; @dynaCERT

Breaking #Cleantech #Stock News: dynaCERT (TSX: $DYA.TO) (OTCQX: $DYFSF) (FRA: DMJ) Announces Strategic OEM Collaboration with Harold Martin; @dynaCERT

 

Toronto, ON, January 18, 2021 (Investorideas.com Newswire) dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce that it has agreed with Martin Technologies LLC Corporation ("Martin Technologies") to collaborate on scientific expansions required for introducing dynaCERT's patented proprietary Carbon Emission Reduction Technology ("HydraGEN™ Technology") to Original Equipment Manufacturers ("OEM's") in North America and globally.

 

Read this news, featuring dynaCERT in full at https://www.investorideas.com/CO/DYA/news/2021/01181OEM-Harold-Martin.asp

 

Hydrogen Economy Leaders Collaborating

dynaCERT's numerous successful experts in R&D are fully committed to maintaining a Canadian leadership role in the new Hydrogen Economy while collaborating significantly in partnerships with other top-ranked industry leaders, such as Martin Technologies, to further supplement and broaden the know-how of the Company's clean-technology line of products currently available to the global market.

 

Deployment of dynaCERT's Technology to the OEM Market

dynaCERT and Martin Technologies have signed a ground-breaking collaboration agreement whereby the scientific and engineering aspects of dynaCERT's existing HydraGEN™ Technology will be further industrialised for deployment to the OEM market. Moreover, such scientific data and design advancements by Martin Technologies are intended to form the basis for future decades to advance the Company's goal to adapt its HydraGEN™ Technology to numerous market segments of the transportation and logistics industry, globally.

 

Advisory Board Commitment

dynaCERT is pleased to announce that Mr. Harold Martin, Chairman and CEO of Martin Technologies, has joined the Company's Advisory Board. Mr. Martin brings over 45 years of knowledge, experience and achievements in the diesel motor and engine industry and has been personally responsible for numerous inventions and innovations that have been adopted by many OEM's throughout his illustrious career.

 

Mr. Martin has global business experience ranging in North America and South America, EU, Asia and Africa. He has been an OEM Supplier partner providing complete vehicle services in engineering, manufacturing, assembly, and marketing. He is a former Automotive Engineer at General Motors who led numerous programmes and awarded 20 World Patents and 5 Classified Patents. He has expertise in Concept to Reality with full vehicle programs with proficiency in Design, Development, Durability, Manufacturing and Assembly, Vehicle Certification, Homologation, Launch, Warranty and Dealer Network.

 

Mr. Martin founded Martin Industries in 1996 where he developed and sustained solid business partnerships within the Automotive, Aerospace, Defense and Motorsport industries and where he commissioned 15 global facilities reaching more than 1 million square feet in combined space. He led many joint global partnership agreements including Wiring JV, Smart Wiring JV and Casting JV. He is recognized by the OEM industry for engineering and manufacturing expertise, creativity, sense of urgency, and speed to market.

 

He designed and manufactured and currently supports, globally, with classified security clearance, the President of United States vehicle. He was a Carroll Shelby partner in the limited edition X50 Series 1 and Shelby vehicles and has pioneered numerous Limited Production Specialty Vehicle programs. Additionally, he shares Motorsports legacy with innovations and successes both on and off the track. Mr. Martin is highly recognized for his leadership and development of the Cadillac Norstar engine, which was used by GM in their vehicles for over 20 years.

 

Mr. Martin led over 100 million miles of vehicle testing in "real world" environment and led over 20 million hours of vehicle and engine laboratory testing where he certified emissions testing for production and specialty vehicles including vehicle integration with advanced electronics, control systems and Advanced Driving Autonomous Systems (ADAS). He commissioned facilities to provide vehicle port processing services, the design and manufacture of specialty tools and aftermarket product and equipment.

 

Mr. Martin has been profiled publicly by CNN, ESPN, NBC, ABC, FOX, SPEEDVISION, USA Today and Automotive News and was a Speaker for over 75 Corporations and more than 250 schools (70,000 students). He is a winner of Editor's Choice Award, and earned the prestigious award of "MARTIN Day", held annually on February 27 in Lawrenceburg, Tennessee. He is inducted into the American Auto Industry as a Leader by DRIVEN and earned "best engineered vehicle" awards bestowed by National Hot Rod Association ("NHRA"), International Hot Rod Association ("IHRA") and the American Drag Racing League. He was also chosen as "Racer of the Year" by NHRA and IHRA and was featured with other significant renowned leaders in the bestselling book, "I am a Father". He is the winner of the Trailblazing Award of the AFMIM and acted as "Harold Martin" in the movie "Home Run Showdown".

 

Mr. Martin holds a Bachelor of Engineering with a minor in International Finance from Oakland University, and completed System modeling in Vehicle Dynamics, Aerodynamics, and Global Propulsion studies, including Internal Combustion Engine (ICE), electrification modeling and simulation with dynamic forces. He is a graduate of the Dale Carnegie Executive Management program and completed the Manufacturing Executive Program of the University of Michigan. He also has Top Secret Security Clearance with the United States Government (SCI).

 

Distinguished Engineering Credentials Across Many Market Segments

Martin Technologies, based near Detroit, Michigan (USA), operates a full-service engineering and manufacturing company, providing global mobility solutions to the automotive, marine, aerospace and defense, marine and motorsports industries. Martin Technologies delivers results and expertise in providing competitive solutions to global transportation and technology customers, such as dynaCERT's clients.

 

Broad Range of Innovative OEM Motor Design & Certification History

The vast experience of Martin Technologies with all Internal Combustion Engines and related systems have been capitalized globally in numerous OEM vehicles. Martin Technologies has over 25 years of researching, designing, engineering, testing, certifying, and manufacturing of a wide range of Internal Combustion Engines, including diesel engines. These engines have been utilized in all forms of mobility including passenger vehicles, trucks, motorcycles, boats, industrial equipment, standby power, United States Secret Service vehicles and many others. Martin Technologies pride themselves in exceling in many engine design categories, including the total process and system integration of Internal Combustion Engines.

 

Leading Innovation and Prized Patents

Founded in 1996, and with approximately 1,000 workers around the world, Martin Technologies continues to consolidate related businesses. Martin Technologies is getting stronger in the automotive industry, with engineering and manufacturing services, and are also a strong presence in the aerospace industry, as well as in the defense sector, working specially with the American army while providing the Department of Defense and military contractors testing and certification services, data acquisition, engineering analysis and more. Martin Technologies has 15 patents worldwide, some of which have been implemented in an innovative manner in the automotive industry.

 

As a world-class example of contributions of Harold Martin, patents include the design and development of the first combustible electronic injection engine.

 

Global Operations

Martin Technologies operates globally, achieving a highly visible industry footprint in the United States, Mexico, Brazil, Philippines, Malesia, China, Australia, as well as in different countries of the European Union, exporting worldwide where their customers need.

The company has grown with innovative methods and best practices required to support customers, and continuous growth in Global Propulsion, Hybrid, Electrification and autonomous/mobility functionalities.

 

Harold Martin, CEO of Martin Technologies, stated, "The advanced technology of dynaCERT presents a colossal opportunity for improvements of OEM diesel engines. At Martin Technologies, we have the scientists, the industry expertise, the engineers and the know-how to propel an innovative aftermarket product, like dynaCERT's HydraGEN™ Technology, in front of the eyes of decision-making executives of OEM's, globally. I am very keen to have joined dynaCERT's senior executives, engineers and other staff as a member of dynaCERT's Advisory Board and in furthering, in 2021 and beyond, the Company's enormous R&D accomplishments. I truly endorse dynaCERT's important Global Solution to Reduce Pollution".

 

Jim Payne, CEO of dynaCERT, stated, "Harold Martin brings to dynaCERT the high profile, the applauded stimulus and his unwavering dedicated team to prominently supplement our technological triumphs in innovative designs for the global clean motor marketplace. It is a great honour of dynaCERT to work side by side with an accomplished and highly respected international industry authority such as Harold, and with the leverage of his veteran line-up of specialists at Martin Technologies. This great honour is backed by our commitment at dynaCERT to constantly improve and drive our innovations with the utmost industry doyens who share our corporate mission and corporate culture. dynaCERT welcomes Harold Martin. We all look forward to our noteworthy alliance together in the weeks, months and years to come as we continue to grow and expand our technology for today and into the future of the new Hydrogen Economy."

 

About Martin Technologies

Please see: http://haroldmartin.com/

 

About dynaCERT Inc.

dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment, marine vessels and railroad locomotives. Website: www.dynaCERT.com.

 

READER ADVISORY

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

 

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

 

On Behalf of the Board

Murray James Payne, CEO

 

Contacts

Jim Payne, CEO & President
dynaCERT Inc.
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
+1 (416) 766-9691 x 2
jpayne@dynaCERT.com

 

Investor Relations
dynaCERT Inc.
Nancy Massicotte
+1 (416) 766-9691 x 1
nmassicotte@dynaCERT.com

 

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Investor Ideas #Potcasts 518, #Cannabis News and #Stocks on the Move; (OTCQX: $SBVCF) (NYSE: $ACB) (TSX: $ACB.TO)

Investor Ideas #Potcasts 518, #Cannabis News and #Stocks on the Move; (OTCQX: $SBVCF) (NYSE: $ACB) (TSX: $ACB.TO)

 

Delta, Kelowna, BC, January 15, 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/2021/011521-StocksToWatch.mp3

 

Read this in full at https://www.investorideas.com/news/2021/cannabis-potcasts/01151SBVCF-ACB.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 public company announcements.

 

TPCO Holding Corp. (OTCQX: SBVCF), formerly known as Subversive Capital Acquisition Corp., today announced the completion of its qualifying transaction to acquire CMG Partners Inc., and Left Coast Ventures, Inc. with global icon, entrepreneur and MONOGRAM founder, Shawn "JAY-Z" Carter and entertainment powerhouse Roc Nation.

 

Common Shares and Warrants are now trading on the NEO Exchange under the symbols "GRAM.U" and "GRAM.WT.U", respectively, and remain trading on the OTCQX under the symbols "SBVCF" and "SBVQF," respectively. Beginning January 19, 2021, the OTCQX symbol "SBVCF" will change to "GRAMF."

 

Shawn "JAY-Z" Carter, The Parent Company's Chief Visionary Officer, said, "This is an incredible time for this industry. The end of cannabis prohibition is here, and The Parent Company will lead the charge to a more expansive and inclusive cannabis industry. We are paving a path forward for a legacy rooted in dignity, justice, care, and consistency. The brands we build will redefine growth, social impact, and social equity. This is our time. I'm proud and excited to lead the vision of The Parent Company."

 

Michael Auerbach, Chairman of SCAC and The Parent Company, added, "This is an industry defining moment. With its experienced management team, advanced infrastructure, industry leading operational efficiencies, proven strategy of brands, and cultural influence, The Parent Company will help shape the future of cannabis in the U.S. and beyond as well as begin to repair and rectify the wrongs of prohibition."

 

Steve Allan, The Parent Company's CEO, said, "With both the most comprehensive vertically integrated platform and brand portfolio in California, and the healthiest balance sheet in cannabis, we will reshape the industry in the world's largest cannabis economy."

For transaction details, investors and security holders may obtain a copy of the final prospectus (the "Prospectus") associated with the Transaction on SEDAR at www.sedar.com and SCAC's website at www.subversivecapital.com/s/Prospectus.

 

Effective on closing, the senior management team and board of directors were reconstituted as follows:

●       Steve Allan as Chief Executive Officer

●       Brett Cummings as Chief Financial Officer and President of Left Coast Ventures

●       Dennis O'Malley as Chief Operating Officer and President of Caliva

●       Shawn "JAY-Z" Carter as Chief Visionary Officer

●       Desiree Perez as Chief Social Equity Officer

●       Drew Kornreich as Chief M&A Officer

●       Colin Brown as Chief Legal Officer

●       John Figueiredo as President of SISU

Board of Directors:

●       Carol Bartz, former CEO of Yahoo! and Autodesk

●       Al Foreman, Partner of Tuatara Capital

●       Daniel Neukomm, CEO of La Jolla Group

●       Jeffry Allen, Director of Barracuda and former Director of NetApp

●       Leland Hensch, CEO of SCAC

●       Michael Auerbach, Founder and Chairman of SCAC

 

The Parent Company Investment Highlights

●       Proven Business Model – The Parent Company (TPCO) is a fully vertically integrated platform with cultivation, manufacturing, distribution, brands, retail and delivery to support further brand development and an aggressive M&A strategy. TPCO expects pro forma revenues of $334 million in 2021.

●       Progressive Operational Platform – TPCO owns its supply chain, enabling the company to leverage scale and profitably produce and distribute a broad portfolio of cannabis products for every consumer segment. The vertically integrated, omnichannel strategy maximizes gross profit and EBITDA margins, scales consumer reach, generates proprietary consumer data, and beats the illicit market on price, quality, and convenience.

●       Omnichannel Platform – TPCO's scalable omnichannel business offers customers convenient express or scheduled delivery, and in-store or curbside pick-up, all through a single user-centric e-commerce platform, Caliva.com. This omnichannel e-commerce platform, offering both a robust portfolio of high-margin owned brands as well as third-party brands, allows The Parent Company to rapidly scale its direct-to-consumer reach to all Californians. Coupled with its powerful sourcing and low-cost manufacturing capabilities, this omnichannel platform offers consumers across California compelling pricing and convenience while remaining profitable.

●       Exclusive Brand Partnerships and Leading Cultural Influence – Brand strategy and marketing playbook led by Shawn "JAY-Z" Carter and Roc Nation, leveraging unparalleled cultural influence of leading artists and entertainers to build the most valuable and scalable brand portfolio in cannabis. JAY-Z officially launched the first his flagship cannabis line, MONOGRAM, on December 10, 2020.

●       Unrivaled Consumer Reach – TPCO currently reaches over 50% of consumers in California through Caliva.com, its existing direct-to-consumer platform. The Parent Company will have the greatest consumer reach of any cannabis company in California, reaching 75% of consumers in the state by the end of 2021 and almost 90% by the end of 2022 through scaling of its omnichannel platform.

●       Strong Balance Sheet –The Parent Company is the most well-capitalized cannabis company in the United States and will pursue an aggressive M&A strategy to accelerate growth, market share gains, and profitability.

●       Industry-Defining Social Impact – Led by Shawn "JAY-Z" Carter, The Parent Company will fund The Parent Company Social Equity Ventures with an initial target of $10 million and an annual contribution of at least 2% of its net income to invest in minority-owned and Black-owned cannabis businesses and contribute to the effort to rectify the wrongs of prohibition through diversifying both the business leadership and workforce of the cannabis industry. Beyond investing, the fund will also support organizations and programs focused on diversifying the cannabis workforce through job fairs and placement, industry training and education, as well as Social Equity application support.

 

Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, announced that it has entered into an agreement with Great North Distributors Inc. ("Great North"), Canada's first national sales broker for legalized adult-use cannabis. Under the agreement, Great North will be the exclusive representative for Aurora's leading portfolio of brands across the Canadian cannabis retail environment.

 

"The agreement is designed to significantly bolster Aurora's market position in Canada. Great North brings deep experience across the spectrum of sales capabilities that will further differentiate Aurora as a leader in the growing cannabis space," said Miguel Martin, CEO, Aurora Cannabis. "We have selected Great North for their outstanding execution across regulated businesses. Combining their executional strength with Aurora's leading portfolio of brands is a recipe for success."

 

Great North has reach across every province in Canada, including established relationships and expertise in working with provincially-owned and operated retailers and private retailers in Canada's cannabis industry. Great North applies industry-leading data analytics capabilities to the sector, providing suppliers with a powerful data-driven approach to cannabis sales.

 

"Adding Aurora to our portfolio of companies we proudly represent is a signal of our market leadership," said Doug Wieland, President, Canada – Southern Glazer's Wine & Spirits and Great North Distributors. "Great North has executed in the Canadian cannabis market since day one and will immediately bring value in sales execution to Aurora. Aurora has entrusted their family of brands in our team and we look forward to delivering exceptional results."

Great North will assume responsibility for Aurora's sales execution on January 25, 2021.

 

Lastly we look at Kansas, which may be on its way to medical legalization, according to recent news.

 

Governor Laura Kelly (D) recently expressed support for providing medical marijuana access, and has further stated that she would also consider signing an adult use legalization bill into law should it reach her desk. As lawmakers ramp up efforts to legalize medical marijuana in the state in 2021, last week a spokesperson for Gov. Kelly said: “As our state recovers from COVID-19, legalizing medical marijuana is an innovative solution to increase state revenue and improve Kansas’ overall health and economy. We must come up with a Kansas-specific approach that’s well-regulated, controlled, and a collaborative effort with the law enforcement community.”

 

It looks like Governor Kelly may have such a bill in front of her desk sooner rather than later as in recent news this Wednesday, a medical marijuana bill was introduced with the support of the Kansas Cannabis Industry Association.

 

Kansas is currently one of 14 states without legal access to medical marijuana though many supporters said they are confident enough lawmakers would support the bill if it was voted on. They said the bill would implement a regulated system, making sure the product is safe and tax is collected.

 

Spencer Duncan, Executive Director of the Kansas Cannabis Industry Association, said he thinks the bill may help boost the economy.

 

“We don’t want to miss the economic benefits of that, but we also don’t want to miss the true benefits that have been discovered as other states have gotten into it, and that we’ve heard from people firsthand even here in Kansas that have used it in other states and that’s the number one priority,” Duncan said. “Helping people get medical access to something that clearly has a beneficial effect.”

 

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