The #AIEye: GBT Technologies (OTCPINK: $GTCH) to Develop LSTM RNN and Intel (Nasdaq: $INTC) Subsidiary Mobileye Secures Agreements with SAIC and Daegu Metropolitan City

The #AIEye: GBT Technologies (OTCPINK: $GTCH) to Develop LSTM RNN and Intel (Nasdaq: $INTC) Subsidiary Mobileye Secures Agreements with SAIC and Daegu Metropolitan City

Global #AI Chipset Market to Reach $38.46 Billion by 2023

Point Roberts WA, Vancouver BC – January 9, 2020  – Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today’s edition of  The AI Eye-  watching stock news, deal tracker and advancements in artificial intelligence.

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https://www.investorideas.com/Audio/Podcasts/2020/010920-AI-Eye.mp3

Read this in full at https://www.investorideas.com/news/2020/artificial-intelligence/01091AIEye-GTCH-INTC.asp

Hear the Ai Eye on Spotify  

Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (OTCPINK:GTCH) (NasdaqGS:INTC)

GBT Technologies Inc. (OTCPINK:GTCH) is developing a new LSTM (Long/Short Term Memory) RNN (Recurrent Neural Network), which “will be based on GBT's upcoming communication IC patent (patent grant expected Q1 2020) with a goal of dramatically expanding its AI-controlled microchip technology platform.” Danny Rittman, GBT's CTO, explained:

"Our goal is for this new RNN to enable high-capacity, high-speed AI based analytics and data processing, which is crucial for advanced computing for use in autonomous vehicles and similar applications. As we evolve towards vast, ever-changing conditions, it becomes crucial to be able to build a fast, self-learning, self-training system that is capable of remembering past events for a long time. Decisions will have to be taken rapidly based on an event's point in time, importance and priority.

Imagine an autonomous vehicle with ever-changing events. We are developing our new RNN to learn on its own about these events, perform an analysis, evaluate a numerous amount of possible solutions, make an optimal decision and execute it. That is why we are creating a new architecture LSTM hierarchical algorithm in order to enable high-speed, high-capacity data input with point of time consideration. The world of computing has evolved dramatically over the past decade as we generate data at a faster rate than we can analyze it. The new RNN is targeted to be implemented within GBT's microchip's technologies. It's a powerful AI platform targeted to a wide variety of applications including autonomous vehicles, robotics, medicine and civil/military security systems. GBT foresee an on-going development for this new family of RNN algorithms with the goal of creating superior real-time, accurate decision making systems."

Mobileye, an Israel-based subsidiary of Intel Corporation (NasdaqGS:INTC), announced agreements with SAIC, a leading Chinese OEM, and the leaders of Daegu Metropolitan City, South Korea. According to the press release, SAIC “plans to use Mobileye’s REM mapping technology to map China for L2+ ADAS [advanced driver-assistance systems] deployment while paving the way for autonomous vehicles in the country,” while Daegu “agreed to establish a long-term cooperation to deploy MaaS based on Mobileye’s self-driving system.” Amnon Shashua, Mobileye president & CEO and Intel senior vice president, said:

"These two new agreements build our global footprint in both MaaS and ADAS and demonstrate our commitment to true global leadership toward full autonomy."

Global AI Chipset Market to Reach $38.46 Billion by 2023

A report from Market Research Future finds that the global AI Chipset market will grow from $4.29 billion in 2018 to $38.46 billion by 2023 with a compound annual growth rate (CAGR) of 39.18 percent in the forecast period. An excerpt from the report description defines and outline the market:

Artificial intelligence (AI) chipsets are silicon-based chips powered with AI technologies, such as machine learning, deep learning, natural language processing, and neural network processing. These chipsets are designed such that they consume low power and offer high computing capabilities to smart devices, such as smartphones, laptops, and smart wearables. These chipsets increase the operational performance of the device with advanced augment reality (AR), virtual reality (VR), and analytical functions and enhance the user experience.

The increasing number of AI-enabled applications, developments in big data analytics, and the use of AI-based products and services to improve consumer experience are factors expected to drive the artificial intelligence (AI) chipset market during the forecast period. However, the lack of technical expertise and AI standards are expected to restrain the market growth during the forecast period. Further, integration of AI with edge computing devices and development of human-aware AI systems are expected to act as an opportunity for the global artificial intelligence (AI) chipset market during the forecast period.

Sam Mowers, Investorideas.com

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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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#Cleantech and #ClimateChange #Podcast – Hydrogen and #FuelCell Technology Makes Headlines at CES in Las Vegas, @CES (NASDAQ: $BLDP) (TSX: $BLDP.TO) (NYSE: $TM) (KRX:012330)

#Cleantech and #ClimateChange #Podcast – Hydrogen and #FuelCell Technology Makes Headlines at CES in Las Vegas, @CES (NASDAQ: $BLDP) (TSX: $BLDP.TO) (NYSE: $TM) (KRX:012330)

Point Roberts WA, Delta BC, January 9, 2020 – Investorideas.com, a global news source and leading investor resource covering cleantech and renewable energy stocks issues today’s edition of the Cleantech and Climate Change Podcast, talking about today's problems and solutions for the future.

Listen to the Podcast:

https://www.investorideas.com/Audio/Podcasts/2020/010920-CleanTech.mp3

Read this in full at https://www.investorideas.com/news/2020/cleantech-climatechange/01091BLDP-TM-012330.asp

Transcript/overview

Today we are looking at Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP), Toyota (NYSE:TM) and Hyundai Mobis (KRX:012330) and how fuel cell technology made headlines at CES in Las Vegas this week. CES is the world's gathering place for all those who thrive on the business of consumer technologies.  

Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) and Deloitte China announced the release of a joint white paper entitled "Fueling the Future of Mobility: Hydrogen and fuel cell solutions for transportation" at the Consumer Technology Association's CES 2020 trade show being held in Las Vegas, Nevada. This white paper is the first volume in a series exploring how hydrogen is set to power the future of mobility. Click here to download the white paper.

From the release - Randy MacEwen, Ballard President and CEO said, "In less than 10 years, it will become cheaper to run a fuel cell electric vehicle (FCEV) than it is to run a battery electric vehicle (BEV) or an internal combustion engine (ICE) vehicle for certain commercial applications."

Although FCEVs are currently more expensive to run per 100 kilometers (km) than BEVs and ICE commercial vehicles, they are set to become much cheaper as manufacturing technology matures, economies of scale improve, hydrogen fuel costs decline and infrastructure develops. Indeed, the white paper conservatively estimates the Total Cost of Ownership (TCO) for commercial hydrogen vehicles will fall by more than 50% in the next 10 years.

Toyota (NYSE:TM) this week at CES in Las Vegas announced plans to build a prototype “city” of the future on a 175-acre site at the base of Mt. Fuji in Japan.

From the press release: Called the Woven City, it will be a fully connected ecosystem powered by hydrogen fuel cells.

Envisioned as a “living laboratory,” the Woven City will serve as a home to full- time residents and researchers who will be able to test and develop technologies such as autonomy, robotics, personal mobility, smart homes and artificial intelligence in a real-world environment.

“Building a complete city from the ground up, even on a small scale like this, is a unique opportunity to develop future technologies, including a digital operating system for the city’s infrastructure. With people, buildings and vehicles all connected and communicating with each other through data and sensors, we will be able to test connected AI technology… in both the virtual and the physical realms … maximizing its potential,” said Akio Toyoda, president, Toyota Motor Corporation.

The city is planned to be fully sustainable, with buildings made mostly of wood to minimize the carbon footprint, using traditional Japanese wood joinery, combined with robotic production methods. The rooftops will be covered in photo-voltaic panels to generate solar power in addition to power generated by hydrogen fuel cells.  Toyota plans to weave in the outdoors throughout the city, with native vegetation and hydroponics.

The groundbreaking for the site is planned for early 2021.

Toyota (NYSE: TM) to Build Prototype City of the Future

Hyundai Mobis (KRX:012330) displayed new technologies such as M.Vision S, the autonomous driving-based mobility concept for urban sharing and the hydrogen fuel cell system at CES.

Hyundai Motor Group has secured the world’s best hydrogen fuel cell system technology and Hyundai Mobis runs the world’s largest production line exclusively for hydrogen fuel cell modules in Chungju, Chungcheongbuk-do.

If you would like to be a guest on this podcast and tell your story please call me at 800 665 0411

For investors following fuel cell stocks we do have a directory of publicly traded stocks – visit https://www.investorideas.com/membership/ to learn more.

Thanks, that’s it for today. Do something good for this beautiful planet each and every day.

Podcast host: Dawn Van Zant

The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Sticher, Spreaker.com, iHeart.com and Google Play Music.

Visit the Cleantech and Climate Change Podcast page at Investorideas.com

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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Breaking #Fintech News: Weyland Tech (OTCQX: $WEYL) Completes Acquisition of Push Interactive #eCommerce Platform, Sets Stage for US Launch of CreateApp for SMBs Nationwide

Breaking #Fintech News: Weyland Tech (OTCQX: $WEYL) Completes Acquisition of Push Interactive #eCommerce Platform, Sets Stage for US Launch of CreateApp for SMBs Nationwide

NEW YORK - January 9, 2020 (Investorideas.com Newswire) Weyland Tech, Inc. (OTCQX: WEYL), a leading global Platform-as-a-Service (PaaS) provider of mCommerce and fintech business enablement solutions, has completed the acquisition of the assets and operations of Push Holdings from ConversionPoint Technologies (CPT) per the definitive asset purchase agreement announced in December.

Read this news in full at https://www.investorideas.com/CO/WEYL/news/2020/01091PushInteractive-eCommercePlatform-CreateApp.asp

Weyland acquired Push to support the launch of its CreateApp mCommerce and mobile fintech solutions in North America, as well as additional eCommerce products and services globally. The acquisition is expected to be accretive to earnings in the first full calendar quarter as part of Weyland.

The new revenue streams and synergistic product offerings contributed by Push, along with its support of Weyland's CreateApp U.S. market launch, are expected to help drive more than 100% overall top-line growth for the combined companies in 2020.

Weyland reported last fall trailing 12-month recurring revenues of more than $32 million, with Push recently reporting that it has sustained a significant return to growth in the second half of 2019, ending the year at a nearly $12 million annual run-rate, up more than 300% since mid-year.

The acquired assets and operations of Push Holdings are primarily comprised of the eCommerce technology company, Push Interactive, which has 20 full-time employees headquartered in Minneapolis, Minn. The Push Interactive direct-to-consumer eCommerce platform provides an end-to-end solution for SMBs and major brands. It allows these organizations to dramatically increase online revenue while lowering the cost of customer acquisition and order fulfillment.

"Push is a transformative acquisition in many ways, which we expect to drive global market expansion and strong revenue growth," said Weyland Tech CEO, Brent Suen. "Push's eCommerce platform is highly synergistic to our mCommerce technologies, particularly with CreateApp and AtozGo. Our respective offerings are both mobile-friendly and provide complementary products and services, which can be seamlessly integrated into a single platform."

The integration of the two platforms is expected to enhance the overall value proposition for existing and prospective customers. Initial cross-selling opportunities include CreateApp and AtozPay supporting U.S.-based projects and campaigns for Push's current enterprise customers.

"Right from the start, we recognized powerful synergies in our respective technologies and corporate missions," said Push Holdings co-founder, CEO and president, Haig Newton. "As a combined force, we will be able to better assist businesses and brands reach more customers, increase sales, and promote their products and services in an easier, more affordable and more highly efficient way."

Push has provided Weyland a well-established beachhead in North America, allowing Weyland to attract new users to CreateApp and AtozPay more quickly and cost efficiently. Previously, U.S. customer acquisition costs for CreateApp were estimated at $2-$3 per dollar generated, which made the market entry economically unfeasible. By leveraging Push's highly effective marketing technology and operational resources, U.S. customer acquisition cost is expected to drop to as little as $0.30 per dollar generated.

CreateApp requires literally no technical understanding or skills in app design for anyone to build a full-featured custom app in less than two hours. CreateApp is a Shopify-like solution for mobile that enables businesses and brands to establish a mCommerce presence in an intuitive, do-it-yourself fashion. Push Interactive's chief technology officer, Tom Furukawa, noted: "By layering on our Push platform, CreateApp users gain a fully end-to-end mCommerce solution supported by our team of expert digital media marketers. We believe we can enhance visibility, customer traffic and ultimately conversions more easily and cost effectively than other competitive options."

As part of a public company, Weyland's new Push subsidiary gains easier access to growth capital and is better able to attract employee talent. Push plans to leverage the cost efficiencies and diverse capabilities of Weyland's 200-person technology and software development team in Jaipur, India, while Weyland gains many years of technical and software development expertise from the Push team.

Weyland still plans to launch CreateApp in the U.S. in the current calendar quarter. The North American market is expected to support a higher price point for subscription fees versus the company's current market in Southeast Asia. A comparative revenue model of a U.S. industry peer supports 96,000 users at $300 each per month. This compares to the current CreateApp subscription model for Southeast Asia priced at only $12-$80 per month, depending on optional features implemented.

Added Suen: "Our earlier work with Push to introduce CreateApp in the U.S. led to this strategic acquisition. So, we have already made strong progress towards its planned U.S. launch in the coming weeks. eCommerce is becoming increasingly mobile in the U.S., creating a huge new market opportunity for CreateApp and AtozPay."

Additional details about the definitive asset purchase agreement are provided in a Form 8-K, available at www.sec.gov and the investor relations section of Weyland Tech's website at weyland-tech.com.

About Push Interactive

The Push platform features comprehensive customer acquisition capabilities, highly productive media and channel strategies, well-tuned product promotion and messaging, and sales funnel development and optimization. Post-sale, Push supports fulfillment, customer relationship management, and further monetization through re-engagement and remarketing toolsets that enhance customer lifetime value (LTV). Push developed these SaaS-based solutions in-house, with more than $10 million invested in platform development and eight years of real-world use. For more information about Push Interactive, visit www.pushint.com.

About Weyland Tech

Weyland Tech is a developer and global provider of mobile business software applications. The company operates its CreateApp™ platform-as-a-service (PaaS) across three continents and 10 countries, including some of the fastest-growing emerging markets in Southeast Asia. The platform provides a mobile presence for small-and-medium sized businesses (SMBs) that is supported locally by distributor partnerships.

Offered in 14 languages with more than 70 integrated modules, CreateApp enables SMBs to create and deploy native mobile applications for Apple iOS and Google Android without technical knowledge or background. The technology empowers SMBs to increase sales, reach more customers, manage logistics, and promote their products and services in an easy, affordable and highly efficient way.

The company's subsidiary, Weyland Indonesia Perkasa (WIP), operates AtozPay and AtozGo™. The AtozPay mobile payments platform serves the burgeoning m-Commerce and e-Payment markets in Indonesia, the world's fourth most populous country. AtozGo is a fast-growing short-distance food delivery service operated in Jakarta, Indonesia.

For more information, visit www.weyland-tech.com..

Important Cautions Regarding Forward Looking Statements

This release contains certain "forward-looking statements" relating to the business of the Company. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the ability of the Company to successfully integrate Push, the continued growth of the eCommerce segment and the ability of the Company to continue its expansion into that segment; the ability of the Company to attract customers and partners and generate revenues; the ability of the Company to successfully execute its business plan; the business strategy, plans, and objectives of the Company; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume any duty to update these forward-looking statements.

Company Contact

Brent Suen, CEO
Weyland Tech Inc.

Media & Investor Contact

Ronald Both or Grant Stude
CMA
Tel (949) 432-7566WEYL@cma.team

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: Weyland Tech, Inc. (OTCQX: WEYL), is a monthly paying featured tech stock on Investorideas.com .More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp and https://www.investorideas.com/About/News/Clientspecifics.asp. Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

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Investorideas.com - Cannabis/Solar Stock News: AUDIO: SinglePoint (OTCQB: SING) CEO Shares Exciting 2020 Vision

Investorideas.com - Cannabis/Solar Stock News: AUDIO: SinglePoint (OTCQB: SING) CEO Shares Exciting 2020 Vision

Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move; (TSX: $RIV.TO) (OTC: $CNPOF) (TSXV: $JWCA.V) (CSE: $CL.C) (OTCQB: $HLIX) (CSE: $BEV.C)

Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move; (TSX: $RIV.TO) (OTC: $CNPOF) (TSXV: $JWCA.V) (CSE: $CL.C) (OTCQB: $HLIX) (CSE: $BEV.C)

Delta, Kelowna, BC, January 8, 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:

http://www.investorideas.com/Audio/Podcasts/2020/010820-StocksToWatch.mp3

Read this in full at https://www.investorideas.com/news/2020/cannabis-potcasts/01081RIV-CNPOF-JWCA-CL-HLIX-BEV.asp

Hear Investor ideas cannabis potcast on iTunes  

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 look at a few early announcements.

Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) portfolio company BioLumic Ltd. has received approval from the New Zealand Ministry of Health to apply its proprietary ultraviolet light technology to medical cannabis. While BioLumic's approach has been successful in increasing yields in certain crops, such as strawberries, by up to 60%, this approval marks the first time the company's UV light technology will be used on cannabis. BioLumic hopes that its research will show increased yields in the cannabis plant and help producers meet the rising demand for medical cannabis and cannabis-derived products.

To bring its cannabis research program to life, BioLumic is partnering with two established cannabis companies. The company will work with Canada-based cannabis cultivator and Canopy Rivers portfolio company James E. Wagner Cultivation Corporation (TSXV: JWCA) (OTCQX: JWCAF), as well as Auckland-based medical cannabis company Helius Therapeutics. With the support of these partnerships, BioLumic plans to begin conducting medical cannabis commercial trials in New Zealand and Canada by June 2020.

  

"The partnership between BioLumic and JWC is another sign of strong collaboration in the Canopy Rivers ecosystem," said Narbé Alexandrian, President & CEO, Canopy Rivers. "We expect that BioLumic's expertise in non-cannabis agriculture technology will help cannabis cultivators like JWC produce high-yield, sustainable strains that meet consumer demands and patient needs."  

BioLumic's UV light technology treats plants to increase yields and enable plants to more effectively defend themselves against disease or pest attacks. By exposing seeds and seedlings to short duration UV treatments, BioLumic aims to increase yields and improve tolerance to drought, diseases, and pests.

"Working with Canopy Rivers has opened the door for us to expand into cannabis, and that starts with the application of our technology to the cannabis plant," said Jason Wargent, Chief Science Officer, BioLumic. "From accessing capital to bring on new staff in science and AI, to introductions to companies such as JWC, we believe our ongoing relationship with Canopy Rivers is a catalyst for building the industry's understanding of how to improve the way cannabis is grown."

"The BioLumic research program is an exciting opportunity to push the boundaries of our knowledge of cannabis cultivation," said Nathan Woodworth, President & CEO, JWC. "JWC is committed to expanding our understanding of advanced cultivation techniques as they apply to cannabis, and our partnership with BioLumic is just one of the ways we are meeting this commitment."

For its cannabis research program, BioLumic will combine photogenics – the control of plant signalling responses to UV light – and artificial intelligence ("AI") to focus on improving the yield of the fast-growing cannabis crop, with a focus on cannabinoids such as cannabidiol. BioLumic has hired additional science and AI-focused staff at its Palmerston North, New Zealand facility to accelerate its cannabis research program.

Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF), one of the largest vertically integrated multistate cannabis operators in the United States, announced today that it has closed the previously announced acquisition of CannaRoyalty Corp. d/b/a Origin House by way of a plan of arrangement. With the closing of the Arrangement, Cresco has significantly increased its footprint and accelerated its entry into the California market.

"This is a transformational deal for Cresco and represents the culmination of the better part of a year's work for both the Cresco and Origin House teams," said Charlie Bachtell, Cresco's CEO and Co-founder. "With the closing of this transaction, Cresco is in a position to accelerate its entry into one of the largest legal cannabis markets in the world, while adding valuable expertise in wholesale distribution and brand development, which we expect will drive significant value for all of our shareholders as we scale across the country in the coming years. We also see meaningful synergies across our national footprint through the addition of Origin House's ultra-premium indoor cultivation team, which we expect will assist us in our goal to consistently outperform the market on yield and quality metrics."

Mr. Bachtell continued, "In an industry that is in flux, Cresco is one of the most fundamentally sound and best-positioned multi-state cannabis operators in the U.S. The Company has built an engine that is designed to execute operationally, develop leading brands and get them into the hands of consumers to drive growth and value across all three horizons – short, medium and long term."

Marc Lustig, Chairman and CEO of Origin House commented, "Cresco's focus on the middle two verticals of the value chain – brands and wholesale distribution – as the key to creating long-term shareholder value, is aligned with the philosophy we had at Origin House. Speaking as one of the largest former shareholders of Origin House and now an enthusiastic and significant Cresco shareholder, I am looking forward to the opportunity for this combined team to create value for all of our shareholders."

Pursuant to the Arrangement, Cresco will appoint Marc Lustig, Chairman and CEO of Origin House, to the Cresco board of directors, following receipt of certain U.S. regulatory approvals.

The acquisition of Origin House makes Cresco a leading wholesale distributor in California, selling into over 575 dispensaries, representing approximately 65% of California's storefront dispensaries. Origin House's Continuum distribution platform distributes 13 third party brands, including Kings Garden.

Helix Technologies, Inc. (OTCQB: HLIX), the leading provider of critical infrastructure services to the legal cannabis industry, successfully completed the launch of the state tracking system for adult use marijuana sales in Illinois. The successful transition of the tracking system from medical to adult use allowed businesses to sell over $3.2 million of cannabis products on the first day of sales.

The historic rollout marked the first state to legalize cannabis through legislation instead of a ballot initiative and is also the second, and most populous state in the Midwest to allow adult use marijuana, signaling a growing acceptance of the plant in the traditionally conservative region.  Illinois represents the largest market in the Midwest, with first day sales topping nearby Michigan by over 10 times.

On its first day, the Biotrack system successfully processed over $3.2 million in transactions representing over 70,000 item sales.  The strong first-day sales showed little sign of slowing with the first week seeing more than a quarter million transactions totaling over $11 million.  These numbers are expected to grow as more licenses are issued in the State. 

“Our biggest challenge upon launch was ensuring that all users had the requisite knowledge prior to going live,” said Dr. Moe Afaneh, COO of BioTrack. “Our support and training personnel have been putting in long hours, especially over the holidays, to make sure everything went smoothly and that focus hasn’t ceased in the last week. The success of this launch is a testament to their hard work and customer service focus.”

“Biotrack was nothing short of excellent concerning its collaboration of this massive Illinois launch at our Sunnyside Dispensaries. The Biotrack team was extremely informative, professional and executed real time adjustments to fix any issues we ran into daily/nightly. They were truly a wonderful partner in this process, proactively reaching out to us and checking in to see that the system was operating smoothly,” said Jourdan Kurtz, EVP of Retail Operations at Cresco Labs.

“This was the largest single deployment in industry history, and I am honored that the State of Illinois selected BioTrack as its partner. Our team demonstrated a real passion and drive to complete this effort flawlessly,” said Helix Technologies CEO and Executive Chairman Zachary L. Venegas. “I also want to thank our many commercial clients who continue to trust our services and integrate us into their business.”

BevCanna Enterprises Inc. (CSE:BEV) (OTCQB:BVNNF) announced that Chief Commercialization Officer Emma Andrews, RHN, NPDP, will be featured at this week's Lift & Co Expo, sharing insights into the infused cannabis beverage category and consumer. The conference is being held on January 9-11, 2020 at the Vancouver Convention Center.

The Lift & Co. Cannabis Business Conference will bring together leading experts from across the industry to tackle subject matter from a uniquely Canadian perspective. The conference ignites discussion around both the medical and recreational-use cannabis markets, as well as Canada's position of leadership on the world business stage.

Ms. Andrews will bring her experience in developing and marketing cannabis-infused beverages to the Lift & Co. main stage session The Future of Social Consumption. Industry leaders Andrew Freedman, Co-Founder, Freedman & Koski, Inc. and Abi Roach, Founder of HotBox Holdings, will join Ms. Andrews, discussing consumption lounges and infused beverages, how close these may be to becoming a reality, how they will comply with regulations, and how they may change the social fabric.

"Now that infused products are regulated, and beginning to roll out in Canada, consumers are exploring new ways to participate and explore cannabis culture" said Ms. Andrews. "BevCanna has conducted significant research into the way Canadians want to enjoy their cannabis, and consuming infused beverages in social settings, to relax and unwind, and even address health concerns are at the top of the list".

BevCanna will also participate in the Lift & Co Expo portion of the conference, acting as Hydration Partner for the Expo and offering samples of two of BevCanna's original cannabis-infused beverage brands, Anarchist Mountain™; and Grüv™, at Exhibit Booth 641.

The Anarchist Mountain™  brand is inspired by natural botanicals found throughout the Pacific Northwest and is based on lightly sparkling spring water. The Anarchist Mountain™ is THC-dominant, and designed for social occasions. The Grüv™ brand represents an easy-drinking range of classic iced tea profiles. Grüv™ is composed of an equal balance of THC and CBD, making it an approachable choice for current and newer cannabis consumers alike.

As Hydration Partner, BevCanna is sponsoring a steady supply of fresh water for all Lift Expo attendees. Visit one of the two Hydration Stations located on the Expo floor. The first 2,000 people to stop by the Hydration Stations will receive a complimentary reusable BevCanna water bottle.

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