Articles Archives - Page 495 of 626

WednesdayJun 05, 2019 12:16 pm

Uber Technologies Inc. (NYSE: UBER) Loss Greater than $1 Billion in Q1 2019, Public Transportation Service an Option

Uber reported a loss of $1.03 billion in Q1 2019; analysts see public-private transportation partnerships as a profitable option Uber posted 41 percent YOY growth in gross bookings in Q1 2019 at constant currency, excluding the impact of divested operations Offering public-transportation substitute services may be the solution to the “first mile, last mile” problem Uber Technologies Inc. (NYSE: UBER) posted an operating loss exceeding $1 billion for its Q1 2019 (http://ibn.fm/4godZ), the three months ended March 31, 2019. The loss represents a 116 percent decline from its $478 million loss during the same period in 2018. One potentially profitable option…

WednesdayJun 05, 2019 11:39 am

Growing Demand in Hemp Sector Breeds Opportunity for Major Hydroponics Cultivation Supplier Sugarmade Inc. (SGMD)

The booming hydroponics crop market is projected to be worth over $27 billion by 2022 Sugarmade is one of the largest publicly traded hydroponics supply companies investing in the legal cultivation sector The global industrial hemp market is expected to reach $10.6 billion by 2025 Sugarmade Inc. (OTCQB: SGMD), a major supplier to the growing hydroponic cultivation sector, is diversifying its portfolio with supply commitments to the budding industrial hemp sector. A new agreement with Kentucky-based hemp cultivator Hempistry Inc. to deliver resources for its plant micropropagation work reveals a solid strategy as Sugarmade moves into the legal cultivation space, as…

WednesdayJun 05, 2019 11:12 am

SinglePoint Inc. (SING) Launches National Distribution Initiative for Startup and Established CBD Companies

SinglePoint is undertaking a B2B cultivation effort to help companies specializing in cannabidiol (CBD) products reach a larger national market In conjunction with a national distribution partner, SinglePoint is offering to growing CBD product companies the potential of entering mass-market stores such as CVS, Kroger and Dollar Tree The ‘Strategics’ program may be particularly helpful as shelf space in the booming CBD industry tightens Investment bank Cowen & Co. is predicting a CBD market revenue outlook of $16 billion by 2025, growing from $600 million-plus in 2018 Emerging technology cultivator SinglePoint Inc. (OTCQB: SING) is launching a national distribution program that…

WednesdayJun 05, 2019 10:47 am

QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF) (FSE: 3LQ) Receives Assay Results Confirming Significant Lithium Potential

Assay results from historical drill core strongly suggest additional tonnage at the Irgon property QMC continues to develop the Irgon property toward commercial production The global lithium-ion battery market is projected to eclipse $60 billion by 2024 Lithium is well known by consumers as being a necessary component of rechargeable lithium-ion batteries, which are essential to power electric vehicles and other smart, mobile devices. A recent report by Global Market Insights projects that the global lithium-ion battery market will surpass $60 billion by 2024 as the growing adoption of electric vehicles, coupled with government initiatives to promote sustainable, green technology,…

WednesdayJun 05, 2019 10:20 am

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Expands Opportunities for 1906 Edibles

LXRP has expanded its cannabis product relationship with Nuka Enterprises’ 1906 brand DehydraTECH enables 1906 chocolates to deliver on both function and flavor The company is expecting a tenfold increase in sales with expansion to legal markets Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP), the developer and out-licenser for the disruptive and cost-effective DehydraTECH, recently announced that it has expanded its cannabis product relationship with Nuka Enterprises LLC, maker of 1906 cannabis edibles for high-functioning adults (http://ibn.fm/d1Uuv). Since its beginnings in 2016, 1906 chocolates have benefited from DehydraTECH technology. In three short years, Nuka has become Colorado’s fastest-growing edibles company, and…

TuesdayJun 04, 2019 11:58 am

Organigram Holdings Inc. (TSX.V: OGI) (NASDAQ: OGI) is “One to Watch”

H1 2019 results reflect excellent operational execution: lowest cost of cultivation per gram among publicly reporting Canadian LPs, industry-leading adjusted gross margin and adjusted EBITDA (positive adjusted EBITDA for 3rd consecutive quarter in Q2 2019) On track to increase target production capacity to 113,000 kg/year by the end of 2019 Well-positioned for Canada’s new edibles and derivative legalization expected in October 2019 with expanding production capacity, R&D and various strategic partnerships Invested in biosynthesis to produce cannabinoids without growing the plant at a fraction of cultivation costs Focused on developing further international partnerships, prioritizing the CBD market Organigram Holdings Inc.…

TuesdayJun 04, 2019 10:46 am

City View Green Holdings Inc. (CSE: CVGR) Receives Go-Ahead for Brantford Build-Out; Anticipates Cannabis License Approval

CVGR is on track to complete its Brantford, Ontario, facility in the coming months; the company expects to receive a license to begin producing cannabis flower and oils CVGR CEO has praised new licensing regulations requiring applicants to have a fully built site CVGR maintains priority in the cannabis licensing queue and is currently completing the sale and leaseback of its facility City View Green Holdings Inc. (CSE: CVGR) anticipates receiving a license from Heath Canada enabling it to turn its Brantford, Ontario, resource into an operational cannabis grow-and-extraction facility. CVGR also hopes to close on its LOI for a…

TuesdayJun 04, 2019 10:19 am

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Advances Add-on Strategy in Effort to Build Statewide Distribution and Branding Network

TransCanna recently executed an LOI to acquire premier indoor cultivator Lyfted Farms Lyfted Farms also offers an SAAS (software-as-a-service) platform for cannabis TransCanna released a video tour of its 196,000 sq. ft facility in Modesto, California With its proposed acquisition of Lyfted Farms Inc. of Modesto, California, TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) is showing that its search for synergies continues. The company, based in Vancouver, Canada, announced the execution of a non-binding letter of intent dated May 17, 2019, to acquire the business and assets of Lyfted (http://ibn.fm/wEN1P). The acquisition, when competed, will follow a raft of others as…

TuesdayJun 04, 2019 9:49 am

VPR Brands LP (VPRB) Focuses on Premium Brands for Cannabis, CBD Oil Sectors

VPR Brands partners with top names in the cannabis and CBD oil industries The company’s assets include issued U.S. and Chinese patents for atomization-related products VPR Brands recently reported increased revenues for Q1 2019 A technology holding company, VPR Brands LP (OTC: VPRB) operates in the electronic cigarette (e-cigarette) and personal vaporizer industry in the United States. The company’s assets include issued U.S. and Chinese patents for atomization-related products, including technology for medical marijuana vaporizers and e-cigarette products and components. Furthermore, VPR Brands engages in product development for the vapor or vaping market, including e-liquids. Headquartered in Fort Lauderdale, Florida,…

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