Which States are Most Likely to Legalize Cannabis in 2016?
Which States are Most Likely to Legalize Cannabis in 2016?
Lisa Rough – Leafy
https://www.leafly.com/news/politics/what-states-are-most-likely-to-legalize-in-2016
Our 2016 Predictions for Legalization of Cannabis in the U.S.
Cannabis supporters are looking towards November of 2016 with great anticipation. With the presidential election looming, there is guaranteed to be a massive voter turnout and the initiatives that are poised to include legalization of cannabis on the 2016 ballot stand a chance to make some big changes. But which states are most likely to legalize next? Here is what we think for 2016.
Cannabis Legalization is Almost a Sure Thing
NEVADA
If you’re searching for a sure bet, look no further than Nevada. It may have taken this state a while to legalize medical marijuana, but now that it’s on that path to legalization of recreational cannabis, it’s not stopping ‘til the end.Nevada’s was the first state campaign to officially gather the required number of signatures to qualify for the 2016 ballot, submitting 170,000 signatures last December. That’s about 60,000 more signatures than the 101,667 signatures needed, and nearly two years early. Nevada’s already opened a successfulmedical marijuana program that allows reciprocity without any issues. With any luck, it’s locked in on recreational and won’t stop until next November.
CALIFORNIA
One would think that California has a better chance than Nevada at legalization, considering that the state was one of the first to legalize medical marijuana back in 1996. The problem with California was the complete and total lack of statewide regulations to help keep its medical marijuana system in check. Without regulations, Cali’s cannabis scene exploded like the Wild West, causing friction within the city and county jurisdictions that tried to reign it in.
Luckily, Governor Jerry Brown signed three pieces of legislation this year as part of a broad initiative to quickly regulate the medical market before the big push for legalization. Although there are as many as 16 potential recreational measures, the one that seems to be the front runner is known as the Adult Use of Marijuana Act, which is endorsed by Lieutenant Governor Gavin Newsom and several major cannabis advocacy groups.
ARIZONA
Arizona may seem like a logical next state in line to legalize, but it’s got a long road ahead in the fight for legalization. When Arizona voted to legalize medical marijuana in 2010, the initiative won by a measly 4,000 votes, which does not bode well for the state’s recreational legalization initiative, the Campaign to Regulate Marijuana Like Alcohol in Arizona. Furthermore, the campaign has already faced some controversy over advertising efforts.
The latest polling from Arizona State University showed that 49 percent of the state supports legalization, while 51 percent oppose. A previous poll from June indicated that 53 percent support legalization, which shows just how wide the margin of error can be and just how close the 2016 race will likely end up. Looks like Arizona will get down to the wire — every vote will count!
MAINE
Maine has one of the best, most stable medical marijuana programs in the country. It offers a limited number of medical marijuana dispensaries (that cater to out-of-state patients, too!), but Maine’s caregiver program is so robust that dispensaries are less of a necessity and more of an obligation to meet patients’ needs.
Not only that, but on a lower jurisdiction level, cities in Maine have already taken it upon themselves to attempt to legalize on a smaller scale. Portland, South Portland, and Lewiston all attempted to legalize the possession and use of cannabis by adults, and although Portland’s initiative passed with flying colors, the idea was not popular with local authorities. Seems like a sure thing, right?
The state’s legalization initiative, the Marijuana Legalization Act, which would allow anyone over the age of 21 to legally possess up to 2 ½ ounces and grow up to 12 plants for personal use, nearly took a massive blow when the Secretary of State only accepted 51,543 of the 99,299 signatures submitted in support of the initiative, due to a discrepancy in one particular notary’s signature. However, a legal challenge from the organizers forced the Secretary of State to reconsider and accept 11,305 of the 21,797 rejected signatures. This brought the total submitted signatures to 62,848, just over the 61,123 signatures needed to qualify for the November ballot.
Legalization in Maine? Stay tuned!
Fingers Crossed for Cannabis Legalization
CONNECTICUT
Connecticut took the plunge for medical marijuana in 2012, and a year after its first dispensaries opened, its program was running smoothly with a patient base of 6,700 registrants and six state-licensed dispensaries. Not only that, but a poll from the University of New Haven found residents overwhelming support cannabis, with 56 percent polled saying they agreed that legalizing marijuana would have a positive impact on Connecticut’s economy. There were two legalization initiatives considered during the 2015 legislative session that stalled eventually, and Connecticut cops are already preparing for legalization as an inevitability, so the real question is will 2016 be the year it happens?
MICHIGAN
Michigan legalized medical marijuana in 2008, but its relationship with cannabis is strained at best. State legislators go back and forth nearly every session restricting and loosening cannabis laws, even going so far as to outlaw medical dispensaries, essentially forcing business owners to continue operating at risk of prosecution. Additionally, patients in Michigan have dubious legal protection, facing criminal charges for edibles or hash oils due to an oversight in the language of the law.
However, one might argue that Michigan’s muddy cannabis climate has created an environment that is ripe for change. There have been efforts to revise the state’s medical marijuana law, including a bill under consideration right now that would re-legalize medical dispensaries. Several groups have also been trying to make change happen. The Michigan Cannabis Coalitioncreated a legalization initiative but it has not gained traction in several months, while the group MI Legalize is currently on track to collect 252,000 signatures before the June deadline in order to qualify for the 2016 ballot. You can find a location to sign MILegalize’s petition here. May the strongest initiative win!
RHODE ISLAND
Rhode Island is an example of a successful medical marijuana program withreciprocity for out-of-state certified patients, but does it have what it takes to legalize? A poll by Marijuana Policy Project from April 2015 shows some promising numbers, with 57 percent of respondents saying that they would support legalizing marijuana to be regulated like alcohol. Not only that, but Rhode Island also took the prize of highest consumption rate for cannabis two years running, no small feat for the unassuming, 1200-square-mile state.Regulate Rhode Island, the state’s legalization leader, pushed unsuccessfully for 2015 legislation and is ready for its fight to carry over into the next year.
Probably Not Legalizing Cannabis in 2016
DELAWARE
Delaware is certainly a curious case for cannabis. Although the state is slightly larger than Rhode Island, when drafting its medical marijuana program, the state health department restricted the number of dispensaries and now, four years after medical marijuana became legal, there is only one dispensary operating to serve the entire state. Admittedly, there are only 700 patients registered, with requests for other dispensaries to open in other counties, and the program has had nothing but positive feedback, particularly regarding the lack of tax and low-income discounts available.
Earlier this year, Delaware Governor Jack Markell went a step further in decriminalizing the possession of cannabis for personal use. As a result, although there has been a lot of talk about possible legalization in the state, the cannabis decriminalization was enough to appease the masses for now.
MARYLAND
Ah, Maryland, home of “The Wire,” delicious blue crabs, and, coming soon to a county near you, medical marijuana dispensaries. Maryland Governor and Democratic candidate Martin O’Malley played the good guy bydecriminalizing the possession of small amounts of cannabis, and he’s been an instrumental part of implementing the state’s emerging medical marijuana market, which is slated to be quite extensive. All told, there will be nearly 100 dispensary licenses issued, along with 15 cultivator licenses, upping the ante for Maryland to become a major contender jumping into the MMJ realm.
The question now is whether or not Maryland is ready to contend with recreational cannabis yet. Earlier this year, state lawmakers introduced the Marijuana Control and Revenue Act of 2015, a pair of companion bills in the House and Senate, but there hasn’t been any action on them since October. A March 2015 poll puts support for legalization at 52 percent, but it would probably be wise to work out the kinks of a functioning medical program before opening up a new can of worms with recreational legalization.
MASSACHUSETTS
Oh, Massachusetts, we had such high hopes for you. Along with 13,000 medical marijuana patients, we watched the Massachusetts Department of Health bungle the licensing process, the lawsuits that followed, and the realization that your own criteria for selecting distributors was literally impossible for organizations to meet.
Well, the Bay State might be down, but it’s not out. There’s solid support for legalization, showing 53 percent of respondents from early 2014 saying they favor legalizing cannabis. With two competing legalization measures, The Campaign to Regulate Marijuana Like Alcohol in Massachusetts submitted more than the required 64,750 voter signatures, while a countermeasure from Bay State Repeal was still scrambling to garner support.
NEW YORK
The Empire State has been under the microscope since passing legislation to legalize the production of medical cannabis, and everyone’s been waiting and watching as the program has slowly developed. New York has chosen the five producers to cultivate medical marijuana and sales are scheduled to begin in January, but the success or failings of an emerging medical marijuana market could be a defining predictor as to whether the state will be able to follow through with an additional push for recreational cannabis.
With that being said, Senator Liz Krueger (D-NY), cosponsor and author of the Marijuana Regulation and Taxation Act, will continue to push for an end to prohibition in New York. Does it have a chance? Yes, but a slim one.
MISSOURI
Missouri is the last on our list for a reason. While most of these states have a fighting chance due to support, emerging medical marijuana programs, or cannabis-friendly politicians, the sad truth is that Missouri is sorely lacking in all of those things. Okay, that’s not entirely true. Missouri was able to pass a cannabis extract law for epilepsy and seizure patients whose symptoms are resistant to conventional treatment. The Missouri Department of Agriculture even issued licenses for two non-profit organizations, BeLeaf and Noah’s Arc, to produce low-THC cannabis oil. It’s not quite a patient-accessible statewide system of medical dispensaries, but it’s definitely a big step for the Midwestern state.
With that in mind, it’s fairly implausible that Missouri will be able to successfully transition from a severely limited CBD program to full recreational legalization. Maybe someday, but for now, the Show-Me State can show us stronger support than just 36 percent in favor of legalization. Do I sense, perhaps, an expanded medical marijuana program in Missouri’s future?
VERMONT
Vermont’s legalization seemed all but a sure thing. Governor Peter Schumlin had been watching Colorado very closely, even going so far as to organize meetings on the logistics of legalizing cannabis for recreational purposes from a regulatory perspective.
With a February 2015 poll registering 54 percent of Vermonters in support of legalization, the possibility of legalization being pushed through the Vermont legislature seemed imminent, but, alas, when it comes to cannabis, never count your chickens before they’ve hatched.
Support from the current and former Attorney General, and Governor Shumlin’s promise to sign the bill shows that even with the backing of the highest officials in the state, a legislative measure can still fail. S.241 passed through the Senate, but died during a vote from the House. Legalization will have to wait for the Green Mountain State.
View Original: https://www.leafly.com/news/politics/what-states-are-most-likely-to-legalize-in-2016
- Published in Blog, Nutraceutical
HealthSpace Announces Renewal of Agreement with Health Canada
VANCOUVER, BC / TheNewswire / November 7, 2016 – HealthSpace Data Systems Ltd. (the “Company” or “HealthSpace”) is pleased to announce the renewal of its software and service agreement with Health Canada for a period of one year, worth $168,000. The agreement includes an option to extend an additional two years. If the extension occurs the agreement will exceed a total of $ 500,000.
Healthspace will be responsible for providing data collection systems to track environmental conditions on First Nations communities across Canada and in the far north. The company will also provide tracking software for the First Nations Health Authority in British Columbia.
“We are honoured that Health Canada has entrusted our company to work with them and the First Nations community and believe that our software will enhance their efficiency and quality of work,” commented Joseph Willmott, President of the Company.
About HealthSpace Data Systems Ltd.
HealthSpace is an industry leader providing inspection, information and communication management systems for federal, state, county and municipal governments. Over the last decade the Company has successfully developed both enterprise and mobile internet-based applications currently serving over 300 state and local government organizations across North America. Clients range in size from small county organizations to state-wide systems with over 910 concurrent users, as well as national programs. HealthSpace specializes in the field of developing, installing, and maintaining inspection and regulatory management systems for environmental and public health organizations.
Forward-Looking Statements
This release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although HealthSpace believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. HealthSpace expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
For more information please contact:
Ali Hakimzadeh, Chairman
ali@sequoiapartners.ca
604-682-4600
Peter J. Kletas
PJK & Associates Inc.
866-999-6251-Toll Free
Copyright (c) 2016 TheNewswire – All rights reserved.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Bio technology, Health Space, News Home
Imex Systems symbol change
Effective at the opening, Nov. 4, 2016, the trading symbol for Imex Systems Inc. will change from IMX to IMEX. There is no change in the company’s name, no change in Cusip number and no consolidation of capital. The company is classified as a custom computer programming services issuer.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Imex Systems, News Home, Technology
Namaste (N:CSE) Expands Product Portfolio in Advance of US Elections
Namaste Expands Product Portfolio in Advance of US Elections
– Momentum Public Relations –
Press Release: November 3, 2016
Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N)(FRANKFURT:M5BQ) is pleased to announce that the Company has secured new agreements with manufacturers of indoor growing equipment. These product lines will be added to Namaste’s e-commerce portals and complement the Company’s existing portfolio of vaporizers, pipes, papers and other accessories. This new product portfolio also represents a further monetization of Namaste’s customer list of approximately 250 thousand names.
US Elections
Currently, cannabis is legal for medical use in 25 states and recreational use in four states. Next week, the US will have three states voting on the legalization of medical use (Florida, Arkansas, and North Dakota) and five states voting on the legalization of recreational use of cannabis (California, Massachusetts, Arizona, Nevada, and Maine). Should all five states vote in favor of recreational marijuana, the US could have upwards of 75 million people living in states where the recreational consumption of cannabis will be legal. This represents approximately 23{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the total US population and is anticipated to advance the potential for legalization in additional states. In the US, support for the legalization of cannabis reached an all-time high of 57{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} in favor. Namaste’s product portfolio is ideally positioned to capitalize on these potential developments in the US.
Agreement Details
Namaste has entered into agreements with Gorilla Grow Tent Inc., SuperCloset Inc. and Kind LED Grow Lights, all leading manufacturers of the most advanced growing equipment available on the market. Namaste will initially market each of the manufacturers’ products in the US and Canada, and will receive wholesale rates on product sales. It is anticipated after the initial launch, Namaste will launch each of these brands into the twenty international markets Nasmaste currently serves.
Management Commentary
Sean Dollinger, President and CEO of Namaste, comments: “The markets for our current and new products are expanding considerably. With the acquisition of VaporSeller and URT1, we have given ourselves a substantial position in the US market which now represents 74{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of our customer base. We view the upcoming election in the US as a key catalyst for our company and will continue to focus our efforts on expanding our brands in the US, which is the largest market for our products globally.”
About Gorilla Grow Tent Inc.
Gorilla Grow Tents are professionally designed grow tents that are ideal for experts and perfect for beginners and set the standard for quality and durability. Each grow tent is built with stable reinforced materials and are the strongest and safest materials available. Gorilla Grow tents have no plastic and feature a proprietary diamond reflection technology for best yield. Gorilla Grow Tents also feature a patent pending adjustable height extension kit that gives you the ability to increase your growing height from 7′ to 8′ or even 9′ tall.
About SuperCloset Inc.
Founded by Kip Anderson in 2002, SuperCloset, also known as SuperPonics, is accredited by the Better Business Bureau and maintains a perfect A+ rating, surpassing any other company in the hydroponics industry. SuperCloset is known as the leading manufacturer of Automated Superponics Systems and Grow Boxes in the world. Based in beautiful San Francisco, California, the company is in the perfect environment for combining innovative and imaginative ideologies with progressive methods of harvesting local, sustainable and organic products.
About Kind LED Grow Lights
Kind LED Grow Lights are the industry leader in indoor LED grow lights. Kind LED consulted with hundreds of professional hydroponic and soil growers to rigorously research and develop their cutting edge LED indoor grow light technology that has since revolutionized the indoor growing industry. Kind LED is widely considered the best indoor LED grow light on the market today. Kind LED Grow Lights are comprised of high powered 5 and/or 3 Watt Light Emitting Diodes featuring a proprietary intensified 12 band spectrum, including infrared and UV diodes designed for both vegetative and flowering stages of growth.
About Namaste Technologies Inc.
Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has 26 ecommerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.
- Published in Namaste Technologies, News Home
RewardStream Announces Referral Marketing Integration and Innovators Program for Shopify
RewardStream Announces Referral Marketing Integration and Innovators Program for Shopify
Innovators Program to provide early access to RewardStream’s Referral Marketing app for Shopify stores in the U.S. and Canada
– Momentum Public Relations –
Press Release: November 2, 2016
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov. 2, 2016) – RewardStream Solutions Inc., (“RewardStream” or the “Company”) (TSX VENTURE:REW)(FRANKFURT:JL4L) (WKN Number A2APX1) the leading provider of referral marketing software for telecommunications, financial services and e-commerce companies, has announced the launch of the Innovator’s Program for Shopify e-Commerce stores. Shopify is the leading cloud-based, multi-channel commerce platform for small and medium businesses, and powers over 300,000 online stores around the world.
RewardStream’s referral marketing app will enhance any Shopify store experience and integrate advanced referral marketing capabilities directly into existing Shopify powered stores. The app deploys seamlessly and requires minimal configuration and no support from IT, making it suitable for any size online store. Once deployed, the app automates and simplifies the process for online shoppers to instantly refer friends to the store via any mobile device and through their key social tools, including Facebook, Twitter, WhatsApp, Telegram and more.
“Online stores continue to seek out innovative marketing tools, and referrals are a powerful and very cost effective methods of acquiring new, loyal customers,” said Rob Goehring, Chief Executive Officer of RewardStream. “Shopify has quickly become a world leader in e-Commerce platforms, and represent a next step in the ongoing expansion of our strategy to make automated referral marketing tools available to any business. Our Innovators Program will ensure that we bring the best solution to the Shopify marketplace and create a starting point for enabling our app to the entire Shopify customer base that is now over 300,000 merchants.”
The Shopify Innovator’s Program is now available and will be launched with registered Shopify customers in the United States and Canada. Innovators that join the program will gain early access to the RewardStream app for Shopify, as well as ongoing implementation and account support, free lifetime upgrades for the Shopify app and discounts on fees.
Shopify store operators can register for the Innovator’s Program by visiting: http://www.rewardstream.com/shopify
As a leading provider of referral solutions for digital marketers, RewardStream has over a decade of referral expertise that helps marketers accelerate their customer acquisition goals, while rewarding existing, loyal customers for their referrals. By leveraging the trust and power of social recommendations, RewardStream delivers a new acquisition channel that secures the most valuable and loyal customers at a much lower cost than traditional marketing channels.
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 Financial Technology, Mobile Technology, News Home, RewardStream, Technology
HealthSpace Data Systems Ltd. Announces Management and Director Updates 01.11.16
Vancouver, BC / TheNewswire / November 1, 2016 – HealthSpace Data Systems Ltd. (the “Company” or “HealthSp ace”) is pleased to announce the appointment of Mr. Peter Smyrniotis as Chief Executive Officer.
Mr. Smyrniotis is a commercialization professional, technology advisor & entrepreneur-in-residence with Victory Square Labs and the Hillcore Group. He has 25 years’ experience in the technology industry, having developed skills, competencies and expertise in a number of areas and industries, including manufacturing, automotive, gaming, software, hardware, enterprise, e-commerce, payment processing, robotics, and augmented reality. Mr. Smyrniotis has worked with both private and public companies providing business development, strategic sales, channel & partnership and cloud brokerage strategic planning and execution. Further, he is actively involved in Mentorship with Canadian start-ups and youth entrepreneurship contributing the to the next generation successful business leaders.
Mr. Smyrniotis attended the University of Toronto during his undergraduate degree and completed a specialization in Information Technology from Royal Roads University.
Mr. Smyrniotis will step down from his position as Chief Commercialization Officer with the Company so that he can focus his time on his new role as CEO.
“Peter has been doing an excellent job as CCO of the Company and with his abundance of experience he is the perfect fit for the position. I am thrilled to pass the position on to Peter and believe he will excel as CEO and that the company will flourish under his leadership” commented Warwick Smith, outgoing CEO of the Company.
Peter Smyrniotis, CEO at HealthSpace, commented, “I am very pleased to be taking on the CEO role at Healthspace and believe that the company is well positioned for significant growth in the coming year and beyond. In 2016 HealthSpace successfully transitioned from an enterprise software service provider to a technology enabled SaaS venture that offers a best-in-class suite of tools to enable government and commercial enterprise organizations to effect governance and make a real impact on its citizens and employees. HealthSpace is actively selling its SaaS solution to government and commercial organizations, and the preliminary feedback to our demos and proposals has been overwhelming positive. For the balance of 2016 we anticipate continued sales of the new HS Cloud Suite SaaS and initial uptake of the HSData as a service product. I am excited about the future at HealthSpace and believe that we are going to deliver significant value to our customers and share-holders.”
Mr. Warwick Smith will be stepping down as CEO and a director of the Board, however, will remain with the Company in an advisory position. “As a board we would like to take the opportunity to thank Warwick for his contributions to HealthSpace. We are pleased he will remain involved as an advisor as we continue to build the Company.” Commented Ali Hakimzadeh, Chairman of the Board.
About HealthSpace Data Systems Ltd.
HealthSpace is an industry leader providing inspection, information and communication management systems for federal, state, county and municipal governments. Over the last decade the Company has successfully developed both enterprise and mobile internet-based applications currently serving over 300 state and local government organizations across North America. Clients range in size from small county organizations to state-wide systems with over 910 concurrent users, as well as national programs. HealthSpace specializes in the field of developing, installing, and maintaining inspection and regulatory management systems for environmental and public health organizations.
Forward-Looking Statements
This release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although HealthSpace believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. HealthSpace expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
For more information please contact:
Peter J. Kletas
PJK & Associates Inc.
866-999-6251-Toll Free
Copyright (c) 2016 TheNewswire – All rights reserved.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Bio technology, Health Space, News Home
Mobi724 (MOS:CSE) Signs Commercial Agreement and Closes Private Placement
MOBI724 Global Solutions Inc. Subsidiary iQ724 Inc Signs Commercial Agreement with Bane-Welker and MOBI724 Global Solutions (MOS:CSE) Closes $ 217,000 Private Placements
– Momentum Public Relations –
Press Release: November 1, 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 is pleased to announce that iQ724 Inc. (“iQ”) a wholly owned subsidiary of MOBI724 has signed a commercial agreement with Bane-Welker Equipment to design, implement and operate a loyalty and digital marketing program for its 13 CaseIH agricultural dealerships in Indiana and OhioThe customer will also benefit from the Data Analytics and its business intelligence services.Bane-Welker Equipment is iQ’s first turnkey loyalty and digital marketing program in the United States. Bane-Welker’s 13 CaseIH agricultural dealerships is complemented by the other 13 Case IH agricultural dealerships that iQ also services in Canada.
The Company is also pleased to announce that it has successfully closed a second tranche equity private placement in the aggregate amount of $217,000.00 dollars by issuing 4,340,000 common shares (“Shares”) at $0.05. For each common share received, the subscribers were issued one common share purchase warrant at an exercise price of $0.15 exercisable on or before August 31st, 2018 after which they shall expire. The Company also converted of bona fide debt in the amount of $10,000.00 at a price of $0.05 per common share and $45,000.00 at a price of $0.063 for an aggregate issuance of 914,285 common shares.
The Shares were sold pursuant to exemptions from prospectus requirements to purchasers in Canada and are subject to a hold period of four months and one day following the closing of the private placement. The Shares are listed on the Canadian Securities Exchange (CSE). The Company will use the net proceeds to support project deployments of the Company’s solution, for ongoing obligations and for working capital requirements. Since August 31, 2016, the Company has raised $ 2.467 million dollars and this second tranche closing totals $467,000.00 in the aggregate with respect to the $1 million financing announced on September 6, 2016
About Bane Welker Equipment, LCC
Bane-Welker Equipment is a privately-owned Case IH agriculture equipment dealership with 13 locations in the Midwest United States. www.bane-welker.com
About iQ724
iQ724 is based in Montreal and was founded in 2007. iQ724 provides a customer retention/loyalty marketing platform to medium and large merchants iQ724 also provides professional services, digital marketing, data analytics and business intelligence solutions as part of their offering .For more information, visit: www.iq724.com
About Mobi724 Global Solutions
MOBI724 Global Solutions Inc. (CSE:MOS)(CSE:MOS.CN), 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
Sage (SGX:tsxv) Receives Change of Project Status for Clavos Project-Permitted for Production
Sage Gold Receives Change of Project Status for Clavos Project-Permitted for Production
– Momentum Public Relations –
Press Releases: October 31, 2016
Sage Gold Inc. (TSX VENTURE:SGX) (“Sage”) has received notification that the Ministry of Northern Development and Mines (MNDM) has changed the status of its Clavos gold project from Inactivity to Mine Production and Development. The change in project status allows Sage to begin the process of mine dewatering, mine rehabilitation and to eventually produce up to a maximum daily tonnage of 700 tonnes/day.
Nigel Lees, President and CEO commented, “This Change of Project Status is a very significant development for Sage and, together with the recently announced agreement to acquire Kirkland Lake Gold Inc.’s remaining 40{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} minority interest in Clavos, is a major milestone towards completing the previously announced financing package of $11.5 million to fund the restart of Clavos. We expect to close the equity portion of $1.85 million in early November followed by the gold prepayment funding of $9.65 million by the end of November.”
Sage has an approved Production Closure Plan on file with the MNDM from previous mining activities and will be resuming the activities described under the filed Closure Plan. Financial Assurance for the Closure Plan is in place with the MNDM, in accordance with the Ontario Mining Act. Sage has the Environmental Compliance Approvals and Permits to allow for mine dewatering, development and production activities, and will be required to report environmental performance information to regulatory authorities as required by site-specific permits, as well as provincial and federal legislation.
Sage currently plans to complete a reserve estimate and a pre-feasibility study regarding the Clavos project. In the event that a production decision is made that is not based on a feasibility study of mineral reserves demonstrating economic and technical viability prepared in accordance with National Instrument 43-101, readers are cautioned that there is increased uncertainty and higher risk of economic and technical failure associated with such production decisions.
About Sage Gold
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 Clavos Gold property in Timmins and the 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned 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.
King’s Bay to Acquire 100 Interest in Lynx Lake Copper-Cobalt Property in Labrador
Surface samples show significant concentration of cobalt, an important element in rechargeable batteries
Vancouver, British Columbia (FSCwire) – King’s Bay Gold Corporation(TSX.V: KBG), (FSE: KGB1), operating as “King’s Bay”, a mining exploration and development company based in Vancouver, has signed a definitive agreement to acquire 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} interest in a cobalt property located in southern Labrador.
The Property
The project consists of 66 mineral claims encompassing approximately 20 square kilometers, located 100km southeast of Happy Valley-Goose Bay, Newfoundland and Labrador. Prior to 2008, the area was deemed remote and remained virtually unexplored even after interest in Labrador grew due to the discovery of Voisey’s Bay Ni-Cu-Co mine. Thanks to the construction of the new Trans-Labrador Highway that runs through the property, the area is now easily accessible.
In 2008, areas of disseminated and massive sulphide were discovered in bedrock after blasting by the Department of Transportation for road aggregate. In 2009, sampling and assaying of grab samples from the aggregate quarry by local prospectors produced assays of up to 1.39{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} copper, 0.94{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} cobalt, 0.21{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} nickel and 6.5 g/t silver. Government regional low resolution residual magnetic surveys and preliminary EM-16 (hand held geophysical unit) surveys done by local prospectors in 2014 show strong conductors beneath the overburden and provide incentive to explore the area further for more surface and sub surface mineralization.
The initial samples taken in the eastern portion of the property were followed in 2015 by surface grab sampling in the western side of the property. These new results were equally as promising yielding 1.03{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Copper, 0.566{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cobalt, 0.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Nickel, 5.0 g/t silver, 0.36{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Chromium, 0.39{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Molybdenum and 0.23{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Vanadium. These values should not be relied upon as a representation of the whole area. The property has never been drilled and the amalgamation of these results suggests the possibility for a larger body of mineralization in the area.
In the addition to excellent road accessibility to deep sea water ports and the proximity to the town of Happy Valley-Goose Bay, the property offers the ability to easily obtain electricity from a 3 phase power line that runs directly adjacent to the property.
With energy metal prices on the rise, King’s Bay feels that it is a great time to explore this property.
Geology
The property is situated in the Grenville Province and is Proterozoic in age. It is separated by a north easterly trending fault. The western portion of the property is underlain by granite, granodiorite and gneiss that varies texturally from weakly foliated to well banded. The eastern portion of the property is underlain by granite, amphibolite with massive gabbro, norite and troctolite units. Detailed bedrock mapping will help better define the local geology of the area.
Exploration
The property is workable year round and King’s Bay has already deployed a team for a preliminary surface sampling program on the existing pits, as well as a reconnaissance program and an EM-16 survey on the surrounding land package to possibly locate more undiscovered exposure and conductors. During the winter, the preliminary program will be followed by data compilation and initiation of an airborne geophysical survey to locate high priority drill targets. Extensive exploration is required to confirm the above preliminary results, as they do not conform to the NI 43-101 rules and regulations.
About Cobalt
At this time, the price of cobalt is rising due to a combination of factors. Some of these factors are related to unsettled conditions in areas such as the Democratic Republic of Congo, where the majority of the world’s cobalt is recovered. Other factors include an increased demand for rechargeable batteries. A single rechargeable ion car battery contains as much as 20 kilograms of cobalt. In addition to batteries, cobalt is used in alloys for aircraft engine parts and for alloys with corrosion/wear resistant uses. Cobalt also has many medical uses; cobalt isotopes are used to produce stable dichromatic beams in “cobalt therapy”, which is used to treat cancer. Molybdenum is also an important element of interest and can be used in fertilizer as well as battery electrodes.
Consideration
The purchase price of the property is in cash and stock subject to TSX-Venture Exchange approval. The cash price to the vendor is $100,000, in payments of $10,000 upon the acceptance of the agreement, and $30,000 on each of the subsequent three anniversaries of the agreement. As well, King’s Bay will provide the vendor with 900,000 common shares of its stock, 200,000 shares upon exchange approval, followed by 300,000 on the first year and 400,000 more on the second year of the agreement.
NI 43-101 Disclosure
Garth Graves is a qualified person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release. All geochemical assays were confirmed by original assays certificates from Eastern Analytical and Actlabs.
About King’s Bay
King’s Bay is focused on the exploration of cobalt and other high-tech metals in North America. The company believes in this emerging fast-growth sector and will continue to seek out and evaluate properties that show promise for development. King’s Bay Gold Corp is operating as King’s Bay.
On Behalf of the Board,
Kevin Bottomley
CEO, President
For more information, please contact:
Brad Hoeppner
Director
O: 604 681 1568
E: Brad@kingsbayres.com
Forward looking statements
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. For example, forward looking statements in the news release include the assumption that the transaction will be approved and that the Company will be able to raise funds to pay the property payments and carry-out exploration programs. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that the Company may not raise sufficient funds to carry out our plans, changing costs for mining and processing; increased capital costs; the timing and content of upcoming work programs; geological interpretations based on current data that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; the availability of labour, equipment and markets for the products produced; and despite the current expected viability of the project, that the minerals on our property cannot be economically mined, or that the required permits to build and operate the envisaged mine cannot be obtained. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/kingsbay10272016.pdf
Source: Kings Bay Gold Corporation (TSX Venture:KBG)
- Published in King's Bay, Mining, News Home
IWS Announces Joint Venture in Australia and New Zealand
IWS Announces Joint Venture in Australia and New Zealand
– Momentum Public Relations –
Press Release: October 26, 2016
International Wastewater Systems Inc. (the “Company”) (CSE:IWS) (FRANKFURT:IWI) (OTC PINK:INTWF) is pleased to announce a Joint Venture agreement (“JV”) with Environmental Technology Solutions (“ETS”) of Australia, a leading provider of energy efficiency and sustainability solutions with offices in Canberra and Melbourne.
ETS is already representing IWS products in Australia and New Zealand and is currently completing its inaugural project, a SHARC thermal heat recovery system to be installed for the Australian Wool Testing Authority in Melbourne (for details on this project see IWS press release dated March 16, 2016).
IWS and ETS have jointly established SHARC Energy Systems Australasia Pty Ltd., a JV company through which IWS and ETS will design, build, operate and maintain IWS’s proprietary thermal heat recovery equipment in Australia and New Zealand under the SHARC and PIRANHA brands.
ETS is uniquely positioned in the region with the ability to manufacture and assemble custom equipment in Australasia using IWS’s intellectual property. Through its regional networks ETS has generated significant interest from potential customers for various commercial and industrial applications of IWS products.
Lynn Mueller, CEO of IWS commented: “We are pleased to have found in ETS a partner with the proven capability to build, install and service SHARC an PIRANHA projects in the region and look forward to developing the pipeline of identified projects in Australia and New Zealand.”
ON BEHALF OF THE BOARD
Lynn Mueller, Chairman and Chief Executive Officer
About International Wastewater Systems Inc.
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 International Wastewater Systems, News Home