Sirona Biochem (SBM:tsxv) CEO’s Report on Progress
Sirona Biochem CEO’s Report on Progress
– Momentum Public Relations –
Press Release: December 8, 2016
Sirona Biochem Corp. (TSX VENTURE: SBM) (FRANKFURT: ZSB) (XETRA: ZSB) today provided a business update.
Dear Shareholders,
The following is an update on our progress in 2016 and our plans for 2017.
Skin Lightener, TFC-1067
Throughout 2016, we have remained focused on completing a licensing agreement for our skin lightening compound, TFC-1067. It was our plan to finalize this transaction earlier in the year. However, it is not a timeline we have full control over. We have multiple companies engaged and progressing through due diligence at their own speed. Despite contrary market rumors, no party has left the negotiation table. At this time, we expect to receive one or more term sheets from interested parties before the end of Q4 2016. We remain very confident that one or more of these global entities will move forward with a definitive licensing agreement in early 2017.
Should the circumstances be that no potential licensing partner can complete the deal in a reasonable time frame, or for what we consider to be an appropriate value, then we will proceed with the full development of the skin lightener on our own. This would include GMP scale-up, toxicology, formulation and an early clinical trial. We already have consultants in France building the full development plan. We are aware that building a development plan may seem unnecessary but we take seriously our commitment to minimize risk and maximize opportunity for our shareholders. It is important that we are not dependent on a partner to complete a development plan and remain in a position of strength during negotiations.
SGLT2 Inhibitor, SBM-TFC-039 (Wanbang)
Wanbang Biopharmaceuticals recently provided a project update on the SGLT2 Inhibitor. We are very pleased to announce that they have completed most of the preclinical studies, the scale-up optimization and pharmaceutical grade manufacturing of the product. They will formulate the product in January 2017 to prepare for a clinical trial. Following that, they will conduct an additional pharmacology as well as toxicology study and file the “investigational new drug” (IND) package with the Chinese FDA (CFDA). This filing will trigger the next escalating milestone payment. Approval of the IND package by the CFDA will trigger another milestone payment and indicate the start of clinical studies.
The data that has been generated by Wanbang is currently being used in licensing discussions with a potential partner in India that recently approached us.
Skin Lightener, TFC-849 (Valeant) and Library
Our skin lightener, TFC-849 remains in scale-up at a French CRO for clinical studies. We did anticipate that this would be finalized earlier in 2016, however, the CRO experienced some complications and therefore it has been delayed until January. Valeant is aware of the delays in scale-up and has not altered plans to commercialize.
In 2016 we also completed the development of several other skin lighteners. This group contains potential lead compounds which can be licensed with TFC-1067 or separately in multiple markets. We have begun preliminary testing to determine the most effective new compounds, and expect results in Q1 2017.
Cell Preservation and Regenerative Compounds
We have now concluded testing of our glycoprotein compound library. We showed a protective effect in human fibroblasts (skin cells) under various stress conditions. Our subsidiary, TFChem has developed a comprehensive report of the data to be shared with potential partners. While the compounds have very interesting properties, they are still considered early stage, which means that the partnerships we seek will be considered “Research and Development” (R&D) collaborations. The compounds also have numerous potential applications and we need to take time to evaluate the best path to market. This is something we will advance with partner organizations.
One potential application is in storage of various cells and tissues. In May, we entered into a research program with Dr. Caigan Du’s laboratory (Vancouver Coastal Health Research Institute) on red blood cell storage and preservation. Results showed that while the compounds did not improve total blood cell count, they did improve the health of the cells that survived. This could result in more cells remaining viable in transfusions (where many typically die). Testing in commercial storage protocols will begin in 2017.
Dr. Du also carried out a study on oxidative stress in skin cells. The results confirmed what our previous CROs have found, which is a significant preservation under stress conditions. This data is currently being compiled and will be used for partnering discussions.
Acne Compound
Our acne compound is in chemistry development and expected to be completed and ready for testing in mid-2017. It will likely be our next major pipeline candidate. This project utilizes our successful business model of applying our proprietary technology to a known compound with stability issues. There is an excellent opportunity to produce a new therapy in this market which is estimated to be $8 Billion USD worldwide annually. Acne is the most common skin condition in the United States affecting some 50 million Americans and costing $3 Billion USD annually.
Keloid
We have developed a compound that we believe could have properties in preventing the formation of keloid scars. This is a significant unmet need as there are currently no effective therapies available. Early In vitro studies show a down-regulation of genes involved in the Extracellular Matrix (ECM) deposit which occurs in keloid scars and an up-regulation of genes involved in ECM degradation. Early safety tests have also been completed.
We have also uncovered mechanisms of action favourable to the target therapy and started to build a development plan for this project. Moreover, we are exploring CRO’s and universities in Europe with expertise in keloid research to assist us. The current market for global scar therapy is estimated at $16 Billion USD annually.
Like all biotech companies, we have experienced some delays in the development of our pipeline. We understand the apprehension that this can create for our investors and we want to assure you that we have a strong technology platform, a strong development pipeline, excellent patent protection and a dedicated management team. We are doing everything we can to sustainably increase shareholder value. We thank you for your continued support and look forward to what 2017 will bring.
Wishing you and your families Happy Holidays and all the best for 2017.
Sincerely,
Dr. Howard Verrico, CEO
- Published in News Home, Sirona Biochem
Carolina West Wireless Selects RewardStream (REW:tsxv) for Refer-a-Friend Program
Carolina West Wireless Selects RewardStream for Refer-a-Friend Program
– Momentum Public Relations –
Press Release: December 8, 2016
RewardStream to provide tailored program for Carolina West Wireless subscribers
RewardStream Solutions Inc., (“RewardStream” or the “Company”), (TSX VENTURE:REW)(FRANKFURT:JL4L) (WKN Number A2APX1) a world leader in referral marketing solutions for telecommunications, financial services and e-commerce providers announces the launch of a Refer a Friend program for Carolina West Wireless subscribers.
“Carolina West Wireless has been a leader in the wireless communications industry for over 25 years, and we are proud to be supporting the launch of their Refer a Friend Plus program,” said Rob Goehring, Chief Executive Officer of RewardStream. “Carolina West Wireless is regarded as an innovator in their market, and now their mobile subscribers can express their loyalty by inviting their friends and family to become customers, whether they are a Carolina West Wireless subscriber or a customer of their prepaid brand. We are excited to have Carolina West Wireless join us as we further grow our leadership position in the referral marketing industry.”
Carolina West Wireless subscribers can refer as many friends and family members as they like using RewardStream’s email, social media and word of mouth channels. When those friends become new customers, both parties can earn a reward. A unique feature of the Refer A Friend Plus program allows for the referring customer to also earn residual monthly credits for each customer they refer. The referral program works on all mobile devices and web browsers, making it easy for subscribers to refer and earn rewards wherever they reside.
“Carolina West Wireless has always believed that our customers come first,” said Slayton Stewart, CEO of Carolina West Wireless. “Our new Refer a Friend Plus program will help our loyal customers share their affinity for our brands with their friends and family members and reward them whenever they bring us new qualified customers.”
RewardStream is the leading provider of automated referral marketing software to telecommunication companies and delivers one of the lowest cost methods for acquiring new customers, while providing the enterprise class scalability, security and performance required to deliver exceptional service.
Carolina West Wireless subscribers can find out more here or at www.carolinawest.sparkrefer.com.
About Carolina West Wireless
Carolina West Wireless was formed in 1991 and is owned by a partnership consisting of Skyline Telephone, Surry Telephone and Wilkes Telephone. Headquartered in Wilkesboro, North Carolina, Carolina West Wireless CEO, Slayton Stewart, and his staff are committed to providing their customers innovative technology including data and mobile services, the latest wireless equipment and competitive wireless plans that provide nationwide coverage.
About RewardStream Solutions Inc.
RewardStream specializes in the execution of automated referral marketing programs that help brands to acquire, engage, and retain their most valuable stakeholders – customers. By utilizing an innovative blend of marketing insight and proprietary technology, RewardStream turns an existing customer base into a powerful new sales channel for all of our clients. RewardStream delivers a scalable, real-time technology platform as the foundation of our client’s referral program. The platform provides customer acquisition programs that deliver new, highly loyal customers at very low cost per acquisition rates. Our award-winning marketing solutions have powered loyalty and referral marketing programs across 39 countries for brands including Boost Mobile, Virgin Mobile, Envision Financial, Koodo Mobile and more. For more information please visit www.rewardstream.com.
- Published in News Home, RewardStream
RewardStream to Wind Down Service with Carrier in Q4
RewardStream (REW:TSXV) to Wind Down Service with Carrier in Q4
– Momentum Public Relations –
Press Release: December 07, 2016
Mr. Rob Goehring reports
RewardStream Solutions Inc. has provided a corporate update for its three main target segments.
Financial services business segment
The company currently serves a number of financial services organizations, providing SaaS-based referral marketing capabilities to credit unions and banks. With current customers such as Envision Financial, Arsenal Credit Union, Valley First, Island Savings, Utilities Employee Credit Union and more, the company continues to focus on expanding its business in this sector to more than 6,000 credit unions in North America. Credit unions remain a significant market opportunity, as customer satisfaction ratings exceed 90 per cent, and word of mouth remains the most effective method at acquiring new customers.
Telecommunications business segment
The company continues to serve major telecommunications clients with its enterprise-class referral marketing platform. The company currently provides services for major national and regional/specialty wireless carriers, including Rogers Wireless, Freedom Mobile (formerly Wind Mobile), Koodo Mobile and a leading Hawaii-based carrier in the United States.
The company’s referral marketing program with a major U.S. telecommunications carrier has recently ended, and the company will complete the wind-down of service to this customer in the second calendar quarter of 2017. The decision to end the program was due to budgetary considerations, and the company remains engaged with the customer for potential future projects. While this will negatively impact the company’s 2017 financial performance, the company has identified, and is pursuing, growth opportunities in the carrier market in Canada, the United States and Europe.
E-commerce business segment
As previously disclosed, the company is moving into the high-growth e-commerce industry by integrating its referral marketing software into existing large-scale e-commerce platforms. The worldwide e-commerce market is expected to grow to over $4-trillion (U.S.) by 2020.
As previously disclosed, the company’s referral marketing platform is now available as an integrated plug-in for two major e-commerce platforms: Magento and WooCommerce. Magento powers over 270,000 on-line stores, including the largest number of Internet retail top-1,000 stores of any other e-commerce platform. WooCommerce powers over 1.5 million on-line stores and is the most broadly used e-commerce platform in the world. The company is nearing completion of its beta-testing phase with Shopify (TSX: SHOP), an additional platform providing e-commerce capabilities for over 325,000 on-line stores. Once the Shopify extension is complete, the company will have an addressable market of two million on-line stores currently powered by these three platforms. The integration strategy provides fast and easy on-boarding for clients without requiring information technology involvement, and integrates Rewardstream referral marketing tools directly into the store’s shopping cart process.
As previously disclosed, the company has already seen uptake in the e-commerce market and launched programs for on-line retailers, including iPromo, Scholar’s Choice, Double Your Dating, Messy Maids and more. The company continues to evaluate integration opportunities with additional leading e-commerce platforms to further expand the addressable market opportunities in this fast-growing segment.
About Rewardstream Solutions
Rewardstream specializes in the execution of automated referral marketing programs that help brands to acquire, engage and retain their most valuable stakeholders — customers. By utilizing an innovative blend of marketing insight and proprietary technology, Rewardstream turns an existing customer base into a powerful new sales channel for all of its clients. Rewardstream delivers a scalable, real-time technology platform as the foundation of its client’s referral program. Its award-winning marketing solutions have powered loyalty and referral marketing programs across 39 countries for brands, including Boost Mobile, Virgin Mobile, Envision Financial, Koodo Mobile and more.
- Published in Financial Technology, Mobile Technology, News Home, RewardStream
Mobi724 Global Solutions Inc. Signs Commercial Agreement with Banco Macro
MOBI724 Global Solutions Inc.’s (CSE:MOS) subsidiary, Mobi724 S.R.L. signs a commercial agreement with Banco Macro to provide its oneSwipe Card-Linked-Offers Solution
– Momentum Public Relations –
Press Release: December 07, 2016
Innovative oneSwipe Card-Linked Offers Solution for Banco Macro’s more than 2.5 million credit cardholders
MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS) (CSE:MOS.CN), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing – MOBI724 S.R.L. an Argentine corporation, a wholly owned subsidiary of MOBI724 Global Solutions Inc., has signed a commercial agreement with Banco Macro to implement, integrate, maintain and support MOBI724’s oneSwipe Card-Linked-Offers solution for Banco Macro’s card holder base.
MOBI724’s innovative oneSwipe Card-Linked-Offers patent pending solution will allow Banco Macro’s cardholders, to redeem their offers directly at the Point of Sale of participating retailers, in a seamless customer experience.
Banco Macro will also benefit from MOBI724’s other solutions and services such as Data Analytics & Business Intelligence.
Marcel Vienneau CEO of MOBI724 stated “We are thrilled to be able to provide one of the largest and fastest growing top 5 banks in the country, with our state of the art card-linked-offers & BI platform, and we are looking forward to working with the bank so they can truly leverage the full potential of our solution for the benefits of their card holders”.
About Banco Macro
Macro is the only Bank that can show 58 consecutive quarters with profit. It is the first Bank in domestic private capitals. The Bank’s net income totaled Ps.1.8 billion in the second quarter of 2016. This result was 28{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} higher than the Ps.1.4 billion posted in the first quarter of 2016 and 119{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} higher than the Ps.824.2 million reported in the second quarter of 2015. In the second quarter of 2016, Banco Macro’s financing to the private sector grew 13{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} quarter over quarter and increased 37{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} year over year.
About Mobi724 Global Solutions
MOBI724 Global Solutions Inc. (CSE:MOS), a leader in the Fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of Payment & Digital Marketing solutions.
We are innovating in our market with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. We pioneered in adding intelligence to all types of transactions benefiting banks, retailers and cardholders. We succeed in leveraging all available user and purchasing data to increase transaction volumes and spend.
MOBI724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Our easy-to-adapt gateway Switch is designed for easy integration with all payment protocols in our target markets.
Within the same solution suite we combined our Card Linked Offers solution, and provided financial institutions´ payment card portfolios and retailers the ability to add offers and/or coupons which can be redeemed directly at the Point of Sale, in a seamless user experience for all the parties in the eco-system.
MOBI724 Global Solutions unleashes the true potential of both payment and card-linked couponing/rewards transactions for both online and offline points of sale (POS).
The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Our credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
MOBI724’s PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home
International Wastewater Systems (IWS:CSE) on Bloomberg TV
When Being Clean Means Getting Dirty – Bloomberg
– Momentum Public Relations –
In the News: International Wastewater Systems (IWS:CSE) (IWI:FSE)
Next time you’re taking a shower, or washing your hands, think about this — about 30{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the world’s energy ends up going down the drain every day. In the US, that’s 350 billion kilowatt hours of heat. Lynn Meuller came up with a solution called Sharc and Pirranah, which capture heat energy in sewage and wastewater and return it to a building’s hot water systems. His company is called International Wastewater Systems. Bloomberg TV’s Anthony Lacavera speaks to the President and CEO of IWS. (Source: Bloomberg)
Click the following link to view the full episode of Bloomberg North which aired December 6th, 2016 at 6:00PM : http://bloombergtv.ca/shows/bloomberg-north/bloomberg-north-episode/?epid=459&sgid=2
About International Wastewater Systems
International Wastewater Systems Inc. is a world leader in thermal heat recovery. IWS systems recycle thermal energy from wastewater, generating the most energy efficient and economical systems for heating, cooling & hot water for commercial, residential and industrial buildings. IWS is publicly traded in Canada (CSE: IWS), the United States (OTC: INTWF) and Germany (Frankfurt: IWI).
- Published in Blog, Green Technology, International Wastewater Systems
Natan Resources Ltd Announces Increase of Brokered Private Placement to 4Million
Natan Resources Ltd Announces Increase of Brokered Private Placement to 4Million
– Momentum Public Relations –
Press Release: December 07, 2016
Mr. Steve Roebuck reports
In consultation with First Republic Capital Corp., lead agent to the financing, Natan Resources Ltd. has expanded its brokered private placement as previously announced on Nov. 18, 2016. Pursuant to the offering, the company now intends to issue: 10 million subscription receipts, at a price of 20 cents per subscription receipt, for total gross proceeds of $2-million; and eight million flow-through shares, at a price of 25 cents per flow-through share, for total gross proceeds of $2-million.
Each subscription receipt is automatically exchangeable into units of the company, on the basis of one unit for each subscription receipt, upon the occurrence of certain events, including without limitation, the company having received all approvals of the TSX Venture Exchange to acquire the Montalembert property from Globex Mining Enterprises Inc.
Each unit will consist of one common share and one-half of one common share purchase warrant, with each warrant being exercisable to acquire one common share of the company at a price of 30 cents for a period of 24 months following the closing date of the offering.
In connection with the offering, the agent will be entitled to a corporate finance fee in an amount equal to 2 per cent of subscription receipts and flow-through shares sold and a sales commission of 7 per cent of the aggregate gross proceeds of the subscription receipts and flow-through shares sold. Additionally, the company will issue to the agent corporate finance options entitling the agent to purchase a number of common shares equal to 2 per cent of the aggregate number of subscription receipts and flow-through shares sold and selling compensation warrants entitling the agent to purchase a number of common shares equal to 7 per cent of the aggregate number of subscription receipts and flow-through shares sold, at an exercise price equal to the offering price for 24 months following the date of closing the offering.
Completion of the offering is subject to receipt of TSX Venture Exchange approval and other requisite approvals. All of the securities issuable in connection with the offering will be subject to a hold period expiring four months and one day after date of issuance.
The proceeds from the sale of flow-through units will be used for Canadian exploration expenses (within the meaning of the Income Tax Act (Canada)) and will be renounced for the current taxation year.
- Published in Enforcer Gold Corp, Mining, News Home
Mobi724 Global Solutions Inc. (CSE:MOS) announces initial coverage by WallStreet Research
Mobi724 Global Solutions Inc. (CSE:MOS) announces initial coverage by WallStreet Research
– Momentum Public Relations –
Press Release: December 06, 2016
MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS)(CSE:MOS.CN), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing announced the initiation of coverage by WallStreet Research™ (WSR).
WallStreet Research™ (WSR), a top-ranked independent research firm with a history spanning over three decades, announced that it has initiated Corporate Profile coverage on Mobi724 Global Solutions Inc.
The recent WSR Corporate Profile highlights new accomplishments and growth plans under the guidance of the current management and it’s Board of Directors. MOBI724 is innovating in the FinTech space by offering solutions that add intelligence to all types of transactions benefiting banks, retailers and cardholders.
WSR reports that the market for MOBI724 is rapidly growing and the Company is well positioned for great growth. WSR notes that the Company operates in a global market and that MOBI724 has completed a 3-year strategic plan, which includes monetization of the firm’s solutions in Asia, Latin America, North America and the Caribbean. In 2015 the three major FinTech niches – Payments, Solutions and Technology – all beat the broader market with close to a 14{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} rate of return. FinTech M&A volume also increased with 195 announced deals and a median deal value of $74 Million in 2015. With the industry seeing 7x growth, WSR conservatively factored a similar multiple of annual trailing revenue and took into consideration that the Company also has a tax loss carry forward of $8 million dollars. Utilizing these factors brings Mobi724 into an approximate $23 million dollar valuation (approximately four times the current level). WSR feels that Mobi724 is well positioned in a fast and explosive industry and has strong potential to meet guidance of over 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} growth next year. The full report can be viewed at the following link address: http://wallstreetresearch.org/reports/MOBI724_FINAL.pdf
About WallStreet Research™
WallStreet Research™ (“WSR”) is a prominent research boutique led by Mr. Alan Stone, Managing Director of Alan Stone & Company, LLC (ASC). The firm specializes in the microcap and small cap investment arena, looking for emerging growth companies with strong management, unique or proprietary technology, significant market potential, financial strength, and outstanding long-term earnings growth possibilities. Mr. Stone was formerly a securities analyst and assistant portfolio manager at Merrill Lynch Asset Management, an investment analyst at Prudential Financial’s Capital Markets Group, and an investment banker with Ladenburg Thalmann & Company. The firm has offices in Los Angeles, CA, Palm Beach, FL, and New York City, NY, and is well known for discovering undervalued companies and bringing them to the attention of the investment community. ASC/WSR also arranges road shows for its publicly traded clients, before the investment community in New York City, California and Florida. Information on WallStreet Research™ can be found at www.WallStreetResearch.org
About Mobi724 Global Solutions
MOBI724 Global Solutions Inc. (CSE:MOS), a leader in the Fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of Payment & Digital Marketing solutions.
We are innovating in our market with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. We pioneered in adding intelligence to all types of transactions benefiting banks, retailers and cardholders. We succeed in leveraging all available user and purchasing data to increase transaction volumes and spend.
MOBI724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Our easy-to-adapt gateway Switch is designed for easy integration with all payment protocols in our target markets.
Within the same solution suite we combined our Card Linked Offers solution, and provided financial institutions´ payment card portfolios and retailers the ability to add offers and/or coupons which can be redeemed directly at the Point of Sale, in a seamless user experience for all the parties in the eco-system.
MOBI724 Global Solutions unleashes the true potential of both payment and card-linked couponing/rewards transactions for both online and offline points of sale (POS).
The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Our credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
MOBI724’s PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology
Sage Gold Inc. Announces Non-Brokered Private Placement
Sage Gold Inc. Announces Non-Brokered Private Placement
– Momentum Public Relations –
Press Release: December 06, 2016
Sage Gold Inc. (the “Corporation”) (TSX VENTURE:SGX) is pleased to announce that it intends to complete a non-brokered private placement (the “Offering”), subject to regulatory approval. The Offering will consist of the sale of 8 million Hard Dollar Units (“HD Units”) at $0.12 per HD Unit and 6 million Flow-Through shares (“FT shares”) at $0.14 per FT share. Each HD Unit includes one Common Share of the Corporation plus one half (1/2) of one Common Share purchase warrant (each whole warrant, a “Warrant”) for gross proceeds of Cdn$960,000. Each full Warrant entitles its holder to purchase one Common Share (a “Warrant Share”) at an exercise price of $0.24 for a period of 24 months following the Closing Date, whereupon the Warrants will expire. Each Flow-Thorough common share will be issued on a flow-through basis. Total proceeds of the FT shares will be Cdn$840,000. Eligible finders may receive cash and / or compensation shares up to 10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the Offering.
If the Corporation’s shares trade at or above $0.35 per share for 20 consecutive trading days, the Corporation may, at any time after the expiry of the statutory hold period, accelerate the expiration of the Warrants upon not less than 30 days written notice by the Corporation, and thereafter repurchase any unexercised Warrants at $0.001 per underlying common share.
The Corporation may at its discretion sell additional common share units or flow-through shares to raise additional proceeds of up to twenty-five per cent (25{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) of the Gross Proceeds of the Offerings.
Securities issued pursuant to the Offering shall be subject to a four-month hold period commencing on the Closing Date under applicable Canadian securities laws. The Corporation intends to use the net proceeds from the FT share Offering to incur Canadian Exploration Expenses (CEE) on its eligible projects and the proceeds of the HD Units for general working capital purposes.
The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities.
The Company is a mineral exploration and development company which has primary interests in near-term production and exploration properties in Ontario. Its main properties are the 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Clavos Gold property in Timmins and the 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Onaman property including the Lynx copper, gold, silver property and other exploration properties in the Beardmore-Geraldton Gold Camp. Technical reports and information relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com and www.sagegoldinc.com.
Tetra Bio-Pharma Looks to Make Cannabis Affordable
Tetra Bio-Pharma (TBP:CSE) Looks to Make Cannabis Affordable — CFN Media
– Momentum Public Relations –
CFN Media Group (“CannabisFN”), the leading creative agency and digital media network dedicated to legal cannabis, announces publication of an exclusive interview and story covering Tetra Bio-Pharma Inc.’s (CSE: TBP) (OTC PINK: GRPOF) unique approach in using the natural cannabis plant, rather than synthetics, to develop pharmaceuticals based on the active ingredients in marijuana. The interview is with Ryan Brown, Tetra’s Co-Founder and Vice President of Business Development.
Medical cannabis may be legal throughout Canada and nearly 30 U.S. states, but patients cannot always easily access the drug. The lack of clinical trials has left many physicians unwilling to prescribe the medicine, while insurance companies provide little to no coverage. Patients must pay hundreds of dollars per month out-of-pocket for access to the drug, which can be a prohibitive amount for many families – including those with the greatest need. This article takes a closer look at how Tetra Bio-Pharma could change these dynamics and make medical cannabis more affordable to everyone.
Taking a Unique Approach
Tetra Bio-Pharma is conducting clinical trials in Canada to demonstrate the safety and efficacy of cannabis in treating a range of conditions. The company is following all appropriate FDA guidelines to allow for approval in the United States. Unlike many of its competitors, the company is developing biopharmaceuticals incorporating the actual cannabis plant rather than making pharmaceuticals with synthetic compounds. This approach results in both a lower cost and a more sure-fire path to regulatory approval given the large body of existing data within the medical cannabis industry.
The company’s PPP001 is an inhaled product that consists of medical marijuana and a titanium pipe that are linked by the labeling of each component. Once approved, the company hopes to sell the product in pharmacies as a blister pack where each blister contains marijuana with a standardized amount of tetrahydrocannabinol (THC) and cannabidiol (CBD). The pipe would provide combustion and the inhaled smoke would be the delivery mechanism.
In November, the company announced that the U.S. Food and Drug Administration (FDA) completed a review of its inhalation-based medical marijuana program. The agency confirmed that the product is a combination product and assigned it to the Center for Drug Evaluation and Research (CDER) as the lead agency center for premarket review and regulation based on its determination of marijuana’s primary mode of action.
Attractive Business Model
Tetra Bio-Pharma aims to seek reimbursement from insurance companies to make medical cannabis more affordable for patients. In addition, an approved product would be more widely accepted among physicians looking for solid clinical data to support their decisions. The combination of these factors could translate to a significantly larger market than what currently exists across both the United States and Canada.
The company’s Canada-based operations provide another advantage over many other companies operating in the space. While the cost of FDA/DEA approved medical marijuana can be upwards of $100,000 per kilogram in the U.S., the company’s agreement with a leading Canadian licensed producer means that it can acquire product at less than $3,000 per kilogram and readily access ancillary services like processing and packaging.
Tetra Bio-Pharma trades with a market capitalization of just C$22 million, which is a fraction of many other companies operating in the space. Investors looking for a unique approach to the market may want to check out the company as it proceeds with preclinical filings with the FDA and builds a path toward regulatory approval.
Follow the link to read the full article and see the interview: http://www.cannabisfn.com/tetra-bio-pharma-looks-to-make-cannabis-affordable/
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About Tetra Bio-Pharma Inc.
Tetra Bio-Pharma is a Canadian Bio Pharmaceutical company at the forefront of Cannabis based pharmaceutical development. The company recently received a research grant from the federal government and will be working with McGill University to develop both prescription and over the counter products. The first product, PPP001, will begin clinical trials in Q4 2016.
- Published in Blog, Medical Marijuana, Tetra Bio Pharma
Tetra Bio-Pharma (TBP:CSE) Receives $1,000,000 Investment from Aphria
Aphria Makes $1,000,000 Investment in Tetra Bio-Pharma via Private Placement to Fund PhytoPain Pharma Clinical Trials
– Momentum Public Relations –
Press Releases: December 6, 2016
Tetra Bio-Pharma Inc. (“Tetra Bio” or “the Company”) (CSE:TBP)(CSE:TBP.CN) and (OTC PINK:GRPOF) is conducting a non-brokered private placement with Aphria Inc. (TSX VENTURE:APH)(OTCQB:APHQF) of 5,000,000 units at a price of $0.20 per unit for aggregate gross proceeds of $1,000,000. Each unit will consist of one common share and one non-transferable warrant, with a whole warrant entitling the holder to purchase one common share of the Company at a price of $0.26 per share for a period of 3 years following the closing date. The warrants are subject to an accelerated expiry if the Company’s shares trade above $0.45 for thirty (30) consecutive trading days then the warrants will expire in 30 days if not exercised.
The private placement closed on December 5, 2016.
Completion of the private placement is subject to the receipt of all necessary regulatory approvals, including the approval of the Exchange.
The securities issued pursuant to the private placement will be subject to a four-month hold period from the closing date.
The proceeds of the private placement will be used to initiate clinical trials in PhytoPain Pharma Inc.
“Obtaining an investment from one of Canada’s leading cannabis producers re-enforces the value of the research and development being conducted by the science team at Tetra Bio-Pharma lead by Chief Science Officer, Dr. Guy Chamberland,” commented Ryan Brown, Co-Founder/VP Business Development.
- Published in News Home, Tetra Bio Pharma