Monday, February 10, 2020

Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move; Special CEO Snapshot (NYSE: $ACB) (TSX: $ACB.TO), (CSE: $MMEN.C) (NASDAQ: $SNDL) (TSX: $WEED.TO) (NYSE: $CGC) (NYSE: $APHA) (TSX: $APHA.TO)

Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move; Special CEO Snapshot (NYSE: $ACB) (TSX: $ACB.TO), (CSE: $MMEN.C) (NASDAQ: $SNDL) (TSX: $WEED.TO) (NYSE: $CGC) (NYSE: $APHA) (TSX: $APHA.TO)



Delta, Kelowna, BC, February 10, 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:



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 Investorideas releases a special CEO snapshot of the cannabis industry.

Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB), the Canadian company defining the future of cannabis worldwide, announced a CEO succession and Board expansion; the latter of which is detailed in a separate announcement released this afternoon. The Company also announced a business transformation plan that better aligns selling, general & administrative expenses, and capital expenditures with current market conditions.

These combined changes are consistent with, and evidence of Aurora's commitment to, achieving positive EBITDA and cash flow as rapidly as possible, while still maintaining the ability to capitalize on longer-term Canadian and global cannabis market opportunities.

Aurora CEO Terry Booth stated, "Over the last seven years, Aurora has built an incredible platform and a leading position in the global Cannabis industry. I am proud and humbled to have led that journey with a deeply talented and passionate team of employees. While there is still much work to be done, the timing is right to announce my retirement with a thoughtful succession plan in place and the immediate expansion of the Board of Directors. These changes, along with the financial transformation which we are undertaking, should clearly demonstrate to investors that Aurora has the continuity, strategic direction and leadership it needs to transition from its entrepreneurial roots to an established organization well positioned to capitalize on a global growth opportunity. In that spirit, and with my full support, the Board of Directors has appointed Michael Singer as Interim CEO effective immediately." Booth continued, "As part of the succession plan, I will become a Senior Strategic Advisor to the Board and remain a Director. Additionally, we're welcoming new independent members; Lance Friedmann and Michael Detlefsen who bring a wealth of strategic and hands-on consumer products industry experience to the organization."

Michael Singer, Aurora's Executive Chairman and Interim CEO stated, "I look forward to serving as Interim CEO and executing on our short-term plans, which include a rationalization of our cost structure, reduced capital spending, and a more conservative and targeted approach to capital deployment. These are necessary steps that reflect a fundamental change in how we will operate the business going forward." Singer continued, "On behalf of the Board of Directors, I want to thank Terry for his leadership over the years. He's made an indelible mark on the industry and left an enviable legacy in the form of Aurora Cannabis and the potential that exists for the Company over the coming decades. As one of the original cannabis visionaries, Terry is an invaluable resource with deep industry knowledge that we can leverage strategically. I look forward to having him continue on as a Senior Strategic Advisor to our Board of Directors."

MedMen Enterprises Inc. (CSE:MMEN) (OTC:MMNFFrecently announced that Chief Executive and co-Founder Adam Bierman stepped down from his role on Feb. 1. The company said it will consider internal and external candidates in seeking a CEO replacement. Bierman will remain on the board, including as part of the board to be elected at the company's coming shareholder meeting. But he has agreed to surrender all of his class A super voting shares back to the company. Co-Founder Andrew Modlin granted a proxy for all of his super voting shares to the company's Executive Chairman Ben Rose until December 2020, after which he will give them back to the company. That will leave the Los Angeles-based company with just one class of shares, the class B subordinate voting shares which give the holder one vote.

Sundial Growers Inc. (NASDAQ: SNDL) also announced certain changes to its executive team and board of directors as described below:
    Torsten Kuenzlen has resigned as the Company's Chief Executive Officer ("CEO") and will step down as a director, effective immediately, to pursue other interests;
    Zach George, currently a member of Sundial's Board, has been appointed as CEO and will continue as a director;
    Ted Hellard has stepped down from his role as Executive Chairman, but will continue to serve on the Board, and as Chair of the Mergers and Acquisitions Committee;
    Brian Harriman, Sundial's Chief Operating Officer ("COO"), will be leaving Sundial and his portfolio will be transitioned to Andrew Stordeur; and,
    Andrew Stordeur, currently President of Sundial's Canadian operations, will be appointed as President and COO in recognition of his expanded role.

Sundial is committed to continuing to implement strong corporate governance practices throughout the organization. In addition, the Board will continue to evaluate future opportunities to further strengthen the Company and position it for long-term growth and value creation. Sundial's management team is committed to the long-term success of the Company and has the extensive operational, marketing and business experience needed to maintain its position as a leader in the industry.
Greg Mills, Chairman of the Board, said, "We are extremely fortunate to have Mr. George join us as CEO. His successful track record for effecting corporate change through increased efficiency and operational improvements, along with his capital markets experience, will help drive the next chapter for Sundial. We are also pleased to announce the promotion of Andrew Stordeur to President and COO. His leadership and strong background in the consumer-packaged goods sector are critical to Sundial and his promotion furthers our efforts to streamline the organization."
In a recent article Bruce Linton, previous CEO of Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) discussed his leaving the company and continuing work within the cannabis space.
“The advice I’ve been giving to young people this summer is to get fired as soon as you can once working, because you become very popular once you’re fired,” he said.
Vic Nuefeld, the previous CEO of Aphria Inc. (NYSE: APHA) (TSX: APHA) also stepped away from his position earlier this year and was quoted in one news article saying “The last five years have been incredible. But to be brutally honest, this journey has taken a toll on my health, family and other priorities,” Neufeld said.
Investor ideas reminds all listeners to read our disclaimers and disclosures on the
Investorideas.com website and this podcast is not an endorsement to buy products or services or securities. Investors are reminded all investment involves risk and possible loss of investment   

Learn more about our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp

To hear more Investorideas.com podcasts visit: https://www.investorideas.com/Audio/.
Investorideas.com podcasts are also available on iTunes,  Spotify, Google Play Music, Stitcher, Spreaker,   YouTube via Spreaker,  iHeartradio and Tunein.

Potcasts is now a certified word mark Trademark on the blockchain through Cognate, Inc. CM Certification-Registration Number: 10468217708

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 .
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. More disclaimer info: https://www.investorideas.com/About/Disclaimer.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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Dawn of the #Solar Age – Part 2, by J. Peter Lynch

Dawn of the #Solar Age – Part 2, by J. Peter Lynch

Point Roberts WA, Delta BC, February 10,2020 – Investorideas.com, a global news source and leading investor resource covering Cleantech and renewable energy stocks issues today’s Cleantech column at Investorideas.com and Renewableenergystocks.com with J.Peter Lynch; part 2 of the Dawn of the Age of Solar.



J.Peter Lynch 


To briefly recap, in Part 1, I stated that the world is currently in the midst of an historic paradigm shift in the area of energy. The world is moving from an antiquated, inefficient centralized energy system to a renewable powered, de-centralized, flexible and resilient system.

This 21st century energy system will be far less costly, more efficient and far more resilient than the old centralized system. Other benefits from this new system will be numerous - it will enhance, rather than diminish nation security, it will boost economies worldwide and increase employment dramatically.

In addition I outlined all the rationale for the shift and all the reasons (better, faster and cheaper) as to why this transition has already started and is accelerating throughout the world.

In this part I will focus on potential investments in sectors that will benefit from this worldwide shift.  While it is still just the beginning of the shift, I am quite certain that the transition will occur much faster than all the pundits are projecting.

This accelerated transition will be driven by:
1. The need to move quickly to address the dangers of climate change
2. Dramatically less financial risk of a renewable based energy system
3. Superior financial returns and the far greater resiliency of a distributed grid
As a result of this dynamic growth numerous stocks in a number of sectors will have their growth dramatically accelerated.

As I said in Part 1 I feel that this paradigm shift will lead to the greatest investment opportunity in history and many fortunes will be made, in addition to making the planet a cleaner and healthier place for our children and grandchildren.

The Bottom Line: the benefits of addressing climate change are overwhelmingly positive while the costs of not addressing climate change are magnitudes larger.  From a purely financial point of view there simply is no comparison between investment paths – the commonly referred to “business as usual” path is without question a path that is financially and economically catastrophic for the U.S. economy and the world’s economy.

“Alternative energy’s shift to the mainstream is largely complete is now irreversible”. Deloitte Center for Energy Studies

The following pages will list a number of different renewable energy sectors and their ETF’s which hold a large number of stocks in those respective sectors and some of the larger companies I expect there will be many companies in these ETF’s that will benefit from the current energy system paradigm. In the next part I will list the strongest stocks in each of those ETF’s based upon various systems, in this case:

1. Relative Strength - comparing each stock to all the others in that ETF’s and selecting the strongest ones and
Volatility – looking at the average volatility of each of the stocks over a three year period. The stocks with the lowest volatility are the “safest” and the ones with the higher volatility which because of the increased volatility will be more risky stocks.
Over the past 5-7 years the solar sector has been “up and down” and has dramatically out performed and also under-performed the S&P 500, so this current performance is not unusual. The bottom line is that there will be plenty of potentially interesting companies in an industry that has been and is expected to keep doubling in size.
An industry that keeps doubling in size


Renewables’ share of power generation, scale is shown in doublings. 
Source: Bloomberg New Energy Finance 

As you can see above, both the solar and wind sectors are growing by leaps and bounds. Solar has had 7 doubles in 15 years and now stands at 2% of electricity supply in the world.
This does not sound terribly impressive, but it really depends on “how you look at it” – for example if you look at it the way the world famous futurist and genius Ray Kurzweil (below) does, it is not only impressive, it is truly staggering!

Kurzweil made a thought-provoking presentation at a recent trade show for medical device companies, MD&M, in Anaheim, California. At one point during his 45-minute talk he shifted his attention to solar.

“In 2012, solar panels were producing 0.5% of the world’s energy supply. Some people dismissed it, saying, ‘It’s a nice thing to do, but at a half percent, it’s a fringe player. That’s not going to solve the problem”. Kurzweil said. “They were ignoring the exponential growth just as they ignored the exponential growth of the Internet and Human genome project.

A Half a percent is only eight doublings away from 100%!

Currently solar has doubled twice again - now solar produce 2% of the world’s energy, right on schedule! People will dismiss it, as they dismissed 0.5% and say once again, 2% is a tiny number. That ignores the exponential growth, which means it is only six doublings or [12] years from getting to 100%”.

2% - 4% - 8% - 16% - 32% - 64% - 128%

Two years ago Kurzweil presented this to the Prime Minister of Israel who had attended his class at the MIT Sloan School in the 1970s. Kurzweil said the prime minster asked him a question.

“Ray, do we have enough sunlight to do this with a doubling seven more times?’” Kurzweil recalled. He said he replied, “’Yes. After we double seven more times, and meeting 100% of the world’s energy needs, we’ll still be using only one part in 10,000 of the sunlight that we have.’”

Still sounds crazy, but I for one would never bet against a brilliant individual like Kurzweil nor would I ignore his extremely impressive prediction track record over the past 20 -30 years. Most of these past projections, which came true, were equally “crazy” and hard to fathom.

The areas we will be looking at are: 

1. Solar
2. Wind
3. Yield Companies
4.  Fuel Cells
5.  Electric Cars (EV’s)
6. Note: Other technologies are related and are part of many of the above areas ETF’s. For example there quite a few semiconductor companies related to EV’s.

I have reviewed most of the ETF’s that would cover these areas. I have removed the ones with very small volume and ones that are not constructed so that one or two holding controls what the EFT does. Below is a link to a summary of the 4 ETF’s that fit my criteria:

They are: FAN (wind), ICLN (solar), KARS (electric cars) and YLCO (yield companies)

Note:  A yield co. is a company that owns solar and wind projects and pays a dividend. Sort of like a REIT for Renewables – they own renewable projects instead of apartments etc.

 LINK to the 4 ETF’s I have selected:

Just a few comments I wanted to bring to your attention on the linked chart above. These are points every investor will want to look at before buying a security or an ETF.

1. When you look at a stock you want to make sure that the current price is greater than the 50 day moving average and that the 200 day moving average is less than the 50 week average and the current price.
2. The 50 day moving average is your short term indicator of a stocks health and the 200 day moving average is the longer term measure of health. Generally, if your stock drops below its 200 day moving average it is likely time to sell it. This has also be a very good indicator for the S&P 500 index – if it drops below the 200 day it is usually a bad sign.
3. It has a high technical score – the score runs from 1 to 5 so you can see that all of these ETF’s are very strong and all in the very high 4’s.
4. They are also ALL in a positive trend as indicated by the P in the trend column.
In this case all 4 of the major Renewable Energy ETF’s are in very good shape.

One last point – we are discussing what ETF’s to buy and will cover later what individual stocks are technically among the best stocks in the sector. But there is another side, in this case, we should look at and that is areas we DO NOT want to buy and we should stay away from.

When one industry starts to shine (like solar related stocks) there is usually another or two that are not doing well and should be avoided. In this case it is the Oil & Gas industry. I think they have had their heyday and are now on the downside.

I checked the 3 major ETF’s for the Oil & Gas industry (IEO, PXE and XOP) and here is where they stand now compared to the renewable industry. This would also include the coal area, whose readings are even worse than the oil and gas industry.

1. The current prices of all three Oil & Gas are below BOTH the 50 day moving average and the 200 day moving average. Very negative reading.
2. Their technical technical scores are the following respectively: .30, .20 and .18 out of 5.0. This is a very negative reading; actually it could not be much worse.
3. All three are in a negative trend. Another negative reading.
As a result I want to stress that this is an area to stay away from in the short term (for sure) and I think it will be a long term problem too.

I worked on Wall Street for over 35 years and one of my mentors always said – sure it will turn around and get better, it always doesUntil it does not. Remember we are in a historic paradigm change currently and this is exactly this time when stuff that “always” happens will not. I would advise everyone to heed those words of wisdom. I did not “get it” at first and unfortunately I learned the hard way – you do not have to do that.

Conclusion
The Age of Solar is upon us and it is accelerating and has past the point of no return. Not everyone sees this yet, but I am personally certain that this is true and it is irreversible.

Mr. Lynch has worked, for over 35 years as a Wall Street security analyst, an independent security analyst and private investor in small emerging technology companies. He has been actively involved in following developments in the renewable energy sector since 1977 and is regarded as an expert in this field. He was the contributing editor for 17 years to the Photovoltaic Insider Report, an early publication in PV that was directed at industrial subscribers, such as major energy companies, utilities and governments around the world. He is currently a private investor, founder and financial/technology consultant to a number of companies.

He can be reached via e-mail at: SOLARJPL@aol.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 .

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. More disclaimer info: https://www.investorideas.com/About/Disclaimer.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 Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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Breaking #Defense #Stock News - Patriot One (TSX: $PAT.TO) (OTCQX: $PTOTF) Appoints Chartered Professional Accountant Lea M. Ray to its Board of Directors, @patriot1tech

Breaking #Defense #Stock News - Patriot One (TSX: $PAT.TO) (OTCQX: $PTOTF) Appoints Chartered Professional Accountant Lea M. Ray to its Board of Directors, @patriot1tech



TORONTO, ON – February 10, 2020 (Investorideas.com Newswire, Homelanddefensestocks.com ) -- Patriot One Technologies Inc. (TSX: PAT) (OTCQX: PTOTF)   (FRANKFURT: 0PL) (“Patriot One” or the “Company”), developer of the PATSCAN™ Multi-Sensor Covert Threat Detection Platform, is pleased to announce the appointment of  Lea M. Ray to its Board of Directors.


Lea M. Ray is a Chartered Professional Accountant ("CPA") and brings with her a great deal of corporate leadership and financial management experience. She is a both a CPA and ICD.D certified director and she will Chair the Company's Audit Committee. Lea is a seasoned board member who serves on multiple boards for public, private and not-for-profit organizations in leadership roles, including chair of audit committees for several TSX listed companies. Her knowledge of board governance, regulatory affairs and capital markets makes her an ideal candidate for the Audit Committee Chair position. Lea’s financial experience with global corporations began with PricewaterhouseCoopers and she is a former Vice-President Corporate Finance of Warner Bros. Entertainment Canada Inc. Her education includes a Bachelor of Commerce from Odette School of Business, University of Windsor, Ontario, Canada. In her free time, Lea is a member of the Ontario Beekeepers’ Association and a volunteer for several other conservation/environmental groups.

“We are excited to add Lea to our Board of Directors and to Chair our Audit Committee,” expressed Peter van der Gracht, Chairman of the Board of Patriot One. “Lea’s extensive strategic and business judgement, gained particularly through her previous board chair and committee chair roles on TSX-listed companies, makes her an ideal fit for this deployment and growth phase of Patriot One.  In addition to the Audit Committee, Lea will become a member of the Board’s Governance Committee, and will help ensure the Company stays compliant with regulatory, capital and accounting practices.” 

“I am honored to be joining the board of such an impressive, innovative and forward-thinking company” explained Lea Ray. “Being part of a team creating the solutions to address and pre-emptively stop terrorist and active assailant tragedies the world has suffered from these past few decades is very humbling.  I look forward to working with such a distinguished and passionate board, leadership team and staff in making Patriot One’s global vision of building safer communities a reality.”

Lea Ray began her duties as a Director on Patriot One’s Board last Friday, February 7, 2020.

On Behalf of the Board,

“Peter van der Gracht”

Peter van der Gracht
Chairman of the Board  

About Patriot One Technologies Inc. (TSX:PAT) (OTCQX: PTOTF) (FRA: 0PL):
Patriot One’s mission is to deliver innovative threat detection and counter-terrorism solutions for safer communities. Our PATSCAN™ Multi-Sensor Covert Threat Detection Platform provides a network of advanced sensor technologies with powerful next generation AI/machine learning software. The network can be covertly deployed from far perimeter to interiors across multiple weapons-restricted facilities. The PATSCAN™ platform identifies and reports threats wherever required; car park, building approach, employee & public entryways and inside the facilities. Each solution in the platform identifies weapons, related threats or disturbances for immediate security response. Our motto Deter, Detect and Defend is based on the belief that widespread use of the PATSCAN™ platform will act as an effective deterrent to diminish the epidemic of active threats around the globe. For more information, visit: www.patriot1tech.com or follow us on Twitter and Facebook.

For further information, please contact:

Patriot One Technologies Inquiries
info@patriot1tech.com

Investor Relations
John Martin, Patriot One Technologies                         
+1 (888) 728-1332                                         
johnm@patriot1tech.com                                           
                             
Media Contacts:
Scott Ledingham, Patriot One Technologies                           
+1-613-806-7135                                           

CAUTIONARY DISCLAIMER STATEMENT:
No securities exchange has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release. This news release contains forward-looking statements relating to system sales, product development, board composition, licensing, commercialization and regulatory compliance issues and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects”,” believes”, and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include counterparty default and other risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

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

News -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 investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. 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. Disclosure : this news release featuring TSX: PAT is a paid for news release on Investorideas.com ($750) More disclaimer info: https://www.investorideas.com/About/Disclaimer.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 Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
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Breaking #Fintech News: Weyland Tech (OTCQX: $WEYL) Management Purchases Shares of Common Stock; @weylandtechinc

Breaking #Fintech News: Weyland Tech (OTCQX: $WEYL) Management Purchases Shares of Common Stock; @weylandtechinc


NEW YORK - February 10, 2020 (Investorideas.com Newswire) Weyland Tech, Inc. (OTCQX: WEYL) a leading global provider of mCommerce platform-as-a-service (PaaS), eCommerce managed services and fintech solutions, reported that its executive management purchased a total of 75,000 shares of the company's common stock from the public market on February 7, 2020.


The buyers and amounts include:
  • President & CEO, Brent Suen: 25,000 shares, bringing total shares held to 2,857,000.
  • Chief strategy officer, Matthew Brent: 25,000 shares, bringing total shares held to 1,895,000.
  • Chief operating officer, John MacNeil: 25,000 shares, bringing total shares held to 2,295,000.

Previous insider open market purchases of common stock were made in October 2019 by Suen, who bought 99,000 shares. In November 2019, Suen purchased an additional 900,000 shares from a shareholder in a private transaction.

"Given our strong tailwinds, including the increasing number of business subscribers coming onto our CreateApp platform, our expanding geographic footprint and recent major acquisition, we see our growth continuing to accelerate over the coming quarters," noted Suen. "We're also seeing great enthusiasm and excitement in our segment of the tech industry—unlike anything I've seen in my 34 years in business.

"As a result of these positive factors, my team has continued to invest personally in WEYL. In fact, over the last few years, I have invested more dollars in WEYL than I've received in salary as president and CEO of the company. I believe there is no stronger demonstration of my unwavering belief in our value proposition and ability to deliver superior value for our stakeholders."

Last month, the company completed its acquisition of the eCommerce technology company, Push Interactive, a direct-to-consumer eCommerce platform that provides an end-to-end solution for enterprises and major U.S. brands that include HomeAdvisorQuinStreet and Sunrun.

On a combined pro forma basis, the companies anticipate reporting $11.9 million in revenue for the fourth quarter of 2019, with total revenue of $42.3 million for the year. The combined annualized run rate on a pro forma basis totaled more than $60.6 million at year-end 2019.

As the result of the company's strong course of growth and development over the last year, it is preparing to uplist to the Nasdaq Stock Market. This move is expected to attract the attention of a broader base of investors, particularly institutional and family offices.
Additional details regarding the purchases can be found in disclosures on Form 4 filed with the Securities and Exchange Commission at www.sec.gov.

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

About Push Interactive
The e-Commerce platform of Weyland's Push Interactive subsidiary features comprehensive customer acquisition capabilities, highly productive media and channel strategies, well-tuned product promotion and messaging, and sales funnel development and optimization. The direct-to-consumer platform provides an end-to-end solution for SMBs and major brands, allowing these organizations to dramatically increase online revenue while lowering the cost of customer acquisition and order fulfillment. Post-sale, Push supports fulfillment, customer relationship management, and further monetization through re-engagement and remarketing toolsets that enhance customer lifetime value (LTV). For more information about Push Interactive, visit www.pushint.com.

About AtozPay™ and AtozGo™
Through Weyland Tech's minority-owned subsidiary, Weyland Indonesia Perkasa (WIP), the company operates AtozPay™ and AtozGo™. The AtozPay mobile payments platform serves the burgeoning mCommerce 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 atozpayindonesia.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 launch CreateApp in Taiwan, the continued growth of the eCommerce segment in Taiwan and the ability of the Company to continue its expansion into that segment and that geographic market; the ability of the Company to attract customers and partners and generate revenues through its partnership with Now Mastery; 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) 432-7566
WEYL@cma.team

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