Grown Rogue Expands into Michigan Cannabis Market
Momentum Public Relations
Press Release: January 15, 2019
Grown Rogue International Inc. (CSE:GRIN | OTC: NVSIF) (“Grown Rogue” or the “Company“), a vertically-integrated, multi-state cannabis company with licenses and operations in Oregon and California, has announced today the signing of a Memorandum of Understanding to expand its brand and products into Michigan through a strategic partnership with established local cannabis operators and investors. The expansion is anticipated to initially include two retail dispensaries, referred to as provisional centers in Michigan, a 19,000 sq ft indoor cultivation and processing center in Detroit, and an interest in a 28 acre parcel located in the northern portion of the lower peninsula which can be used for cultivation. Grown Rogue will make a further announcement relating to the definitive terms of the partnership which are currently being negotiated between the parties.
“We invested significant time looking for the right partners for our Michigan expansion,” stated Obie Strickler, CEO of Grown Rogue. “Our Michigan partners include executives with multi-generational leadership track records in real estate development and business investment throughout the State, as well as experienced cannabis operators.”
Strategically Located Assets
The proposed Detroit retail dispensary is strategically located in a highly desirable section of midtown Detroit in close proximity to popular Detroit sports stadiums, art centers, and central to a fast growing affluent housing district. The Hazel Park location is within ¼ mile of the busiest freeway systems in the State as well as central to several popular destination Cities in Royal Oak, Birmingham, Ferndale, and Madison Heights. Hazel Park is only issuing a total of four provisioning center licenses.
The 19,000 sq ft Detroit cultivation center is a converted warehouse that is anticipated to house two (2) Class C growing licenses that will allow up to 3,000 plants for cultivation with an estimated annual production capacity of 2500 kgs. “Our cannabis experience includes an established brand presence, compliance and regulatory, construction of best-in-class cultivation facilities and other milestones we have achieved which will serve our partnership well as we continue to expand Grown Rogue nationally,” explained Mr. Strickler.
Early Mover Advantage
Michigan recently passed adult use cannabis in November 2018 with anticipated licensing for adult use beginning in early 2020 and has the second largest medical cannabis population in the United States. According to Detroitstats.com, in 2014, over 1 million people were recorded to have used marijuana (15.6% of the population) in Michigan. While California had over 4 million residents that said they consumed marijuana in 2016 (14.9% of the population).
“There is already such a significant adoption of cannabis by the general population in Michigan that we can really hit the ground running with our established brand and proven business processes,” said Jacques Habra, Chief Strategy Officer of Grown Rogue. “This strategic partnership, in one of most exciting states in the US, continues our focus on building a multi-state cannabis company.”
The barriers to entry into the Michigan cannabis industry are high due to regulatory standards still in flux and limitations on licensing by municipality. Grown Rogue’s momentum and multiple assets provide a unique advantage.
“According to the Detroit Free Press, Michigan has the second highest medical cannabis patient population at 283,832, which is the the highest percentage per capita in the United States. We are excited to take advantage of this new market opportunity for Grown Rogue’s proven business model,” added Mr. Strickler.
About Grown Rogue
Grown Rogue International (CSE: GRIN | OTC: NVSIF) is a vertically-integrated, multi-state cannabis company curating innovative products to provide consumers with the right cannabis experience. Each of Grown Rogue’s products and strains are categorized and marketed based on unique effects and designed for the full range of a consumers’ lifestyle. Grown Rogue is scaling the vertically integrated model into multiple states by incorporating best-in-class manufacturing facilities and a proprietary distribution platform based on Microsoft technology. Grown Rogue’s diverse cannabis product suite includes premium flower, patent-pending nitrogen sealed pre-rolls, oil and concentrates, and edibles featuring a partnership with world-renowned chocolatier, Jeff Shepherd.
Subscribe to Grown Rogue investor news alerts.
- Published in Cannabis, Grown Rogue, Marijuana, Medical Marijuana, News Home
Vanstar Reports Drilling Intersections of 3.59 g / t Au Over 42.1 Metres and 5.69 g / t Au Over 27.8 Metres From the Nelligan Project
Momentum Public Relations
Press Release: January 10, 2019
The management of Vanstar Mining Resources Inc. (“Vanstar”) is very pleased to announce that IAMGOLD Corporation, Vanstar’s partner in the development of the Nelligan gold project, intersected a series of significant drill results from the Renard zone. These results come from 9 drill holes for a total of 4,497 metres.
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The assay results reported herein are provided in Table 1 below as well as a location map and include the following highlights:
• | Drill hole NE-18-91: | 22.0 metres grading 1.43 g / t Au |
And 32.9 metres grading 1.28 g / t Au | ||
And 57.5 metres grading 1.87 g / t Au | ||
Including: 12.7 metres grading 3.98 g / t Au |
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• | Drill hole NE-18-93: | 55.0 metres grading 1.47 g / t Au |
Including: 4.5 metres grading 4.88 g / t Au |
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• | Drill hole NE-18-95: | 42.1 metres grading 3.59 g / t Au |
Including: 3.0 metres grading 12.8 g / t Au |
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• | Drill hole NE-18-96: | 27.8 metres grading 5.69 g / t Au |
Including: 6.8 metres grading 19.9 g / t Au |
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And 17.8 metres grading 1.66 g / t Au | ||
• | Drill hole NE-18-97 : | 17.5 metres grading 1.49 g / t Au |
32.4 metres grading 1.10 g / t Au | ||
44.5 metres grading 1.61 g / t Au | ||
Including : 10.5 metres grading 4.16 g / t Au |
||
• | Drill hole NE-18-98 : | 14 metres grading 5.04 g / t Au |
Including : 4 metres grading 9.79 g/t Au
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And : 16.50 metres grading 1.16 g/t Au | ||
• | Drill hole NE-18-99: | 16.1 metres grading 2.42 g / t Au |
And 40.4 metres grading 2.35 g / t Au |
“We are very satisfied with the results generated and very optimistic on the gold potential of the Nelligan project. This project increasingly shows that it has the possibility to become one of the most promising gold projects in Quebec, if not in Canada. We are in the presence of 4 important gold zones, including the Renard zone, which are integrated within a vast hydrothermal gold system that remains open in all directions. We are excited to start the next season, which we hope will be as productive and encouraging as 2018.” stated Guy Morissette, CEO of Vanstar.
Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated: “The 2018 drilling program has delivered encouraging results in all the drill holes completed this year, confirming and extending the wide zones of alteration and associated mineralization identified from previous programs. Four mineralized zones were outlined through the recent drilling campaigns, the most significant to date being the Renard system, and all zones remain open for potential extensions. These results will be used to refine a preliminary deposit model to help guide future drilling campaigns and support the completion of an initial resource estimate planned in the coming months.”
The 2018 diamond drilling program was meant to evaluate the resource potential of the Renard mineralization system, located immediately north of the previously known 36, Liam and Dan zones. The drill holes continue to intersect large gold zones within a vast hydrothermal system characterized by a carbonate, sericite, phlogopite alteration and an omnipresent silicification affecting the host meta-sedimentary sequence. The disseminated pyrite is widely spread within the alteration zones and varies locally from 1% to 15%. Traces of molybdenite and sometimes fine grains of visible gold are observed in different gold zones.
Next Steps
In winter 2019, a further 12,000 to 15,000 metres of diamond drilling program is planned to infill and further test continuity of the mineralized zones of the Renard system. Drill rigs are currently being mobilized to the property with the commencement of drilling activities expected by mid-January.
The drilling results, coupled with ongoing geochemical and structural studies, will be integrated to support the development and refinement of a deposit model with the objective of completing an initial NI 43-101 compliant resource estimate in 2019.
About the Nelligan Project
The Nelligan project is underlain by a portion of the Caopatina segment belonging to the North Volcanic Zone of the Abitibi Belt of the Superior Province. The property is centered on the E-W Druillette synclinal with sediments of the Caopatina Formation bounded to the north and to the south by volcanic rocks of the Obatogamau Formation. The North and South portions of the property are occupied by granodioritic to tonalitic intrusions. The project is transected by numerous regional and local structures and deformation zones which can be important in the localization of gold mineralization.
Gold showings of the area can be grouped according to their style of mineralization: Quartz-sulphide vein type mineralization and disseminated pyrite mineralization. On the local scale, the Nelligan project contains several interesting gold showings, including the Liam and Dan Zones discovered by drilling in 2013 and 2014, and the historical Lake Eu showing. Significant alteration and associated gold mineralization was intersected over wide intervals to the north of the known gold showings over a strike length of more than 1.0 kilometre, to a depth of over 300 vertical metres (Zones 36 and Renard). These prospective showings appear to fall within a structural corridor with a potential strike length of several kilometres associated to the Guercheville Deformed Corridor located 5 kilometres north of the property.
The Nelligan Project is held under an earn-in option to joint venture agreement with Vanstar. The Company holds an undivided 51% interest in the property, and holds an option to earn a further 24% undivided interest in exchange for cash payments totaling C$2,750,000 to Vanstar and the delivery of an NI 43-101 compliant Resource Estimate and Technical Report before March 2022. Once vested to an undivided 75% interest, IAMGOLD will have a further option to acquire an additional interest of 5%, to hold an 80% interest in the Nelligan project by completing and delivering a Feasibility Study. Vanstar would then retain a 20% undivided non-contributory carried interest until the commencement of commercial production, after which: (1) the 20% undivided interest becomes participating; and (2) Vanstar will pay its attributable portion of the total development and construction costs to the commencement of commercial production from 80% of its share of any ongoing distributions from the Joint Venture. Vanstar will also retain a 1% NSR royalty on selected claims of the project.
This press release was read and approved by Gilles Laverdière, Vanstar’s Geologist and Qualified Person under NI-43-101.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES
Source : Guy Morissette
CEO Vanstar Mining Resources Inc.
gmvanstar@vanstarmining.com
819-763-5096
Table 1 Nelligan Project Drilling Results – 2018 Drilling program |
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Hole No. | UTM NAD83 Zone18 | AZ | DIP | EOH | from | To | Interval | True Width (1) | Au (2) (3) | NOTE | ||
Easting | Northing | Elevation | (°) | (°) | (m) | (m) | (m) | (m) | (m) | (g/t) | ||
NE-18-90 | 522,500.6 | 5,473,657.4 | 373.9 | 335 | -45 | 486.00 | 287.10 | 292.00 | 4.90 | 4.83 | 1.35 | RENARD ZONE |
328.50 | 334.50 | 6.00 | 4.24 | 1.18 | ||||||||
370.50 | 396.00 | 25.50 | 20.89 | 0.99 | ||||||||
421.00 | 441.00 | 20.00 | 16.38 | 0.66 | ||||||||
NE-18-91 | 523,023.1 | 5,473,900.9 | 375.7 | 333 | -58 | 381.00 | 95.50 | 117.50 | 22.00 | 16.85 | 1.43 | RENARD ZONE |
Including (3) | 100.60 | 106.55 | 5.95 | 4.56 | 2.90 | |||||||
126.30 | 159.20 | 32.90 | 28.49 | 1.28 | ||||||||
Including (3) | 132.00 | 136.50 | 4.50 | 3.90 | 3.29 | |||||||
167.00 | 178.30 | 11.30 | 9.79 | 0.71 | ||||||||
182.00 | 197.50 | 15.50 | 14.05 | 0.88 | ||||||||
Including (3) | 189.00 | 192.00 | 3.00 | 2.72 | 2.13 | |||||||
214.00 | 271.50 | 57.50 | 52.11 | 1.87 | ||||||||
Including (3) | 232.47 | 245.18 | 12.71 | 11.01 | 3.98 | |||||||
Including (3) | 265.00 | 265.50 | 0.50 | 0.47 | 33.20 | |||||||
352.50 | 367.50 | 15.00 | 12.99 | 0.56 | ||||||||
NE-18-93 | 522,873.5 | 5,473,765.1 | 378.9 | 330 | -48 | 450.00 | 288.50 | 343.50 | 55.00 | 42.13 | 1.47 | RENARD ZONE |
Including (3) | 306.00 | 312.00 | 6.00 | 4.60 | 3.22 | |||||||
Including (3) | 321.00 | 325.50 | 4.50 | 3.45 | 4.88 | |||||||
381.00 | 396.00 | 15.00 | 11.49 | 1.69 | ||||||||
430.50 | 435.00 | 4.50 | 3.45 | 2.29 | ||||||||
NE-18-94 | 522,567.8 | 5,473,588.6 | 376.2 | 335 | -45 | 450.00 | 391.00 | 402.65 | 11.65 | 10.56 | 0.90 | RENARD ZONE |
406.50 | 416.50 | 10.00 | 9.06 | 1.20 | ||||||||
438.50 | 448.50 | 10.00 | 9.06 | 0.76 | ||||||||
NE-18-95 | 522,934.4 | 5,473,692.6 | 376.1 | 330 | -65 | 630.00 | 51.00 | 59.80 | 8.80 | 5.66 | 0.76 | 36 West ZONE |
183.60 | 237.30 | 53.70 | 48.67 | 0.97 | ||||||||
Including (3) | 222.00 | 237.30 | 15.30 | 13.87 | 1.55 | |||||||
250.20 | 265.00 | 14.80 | 13.41 | 1.63 | ||||||||
Including (3) | 251.60 | 256.00 | 4.40 | 3.99 | 2.34 | |||||||
Including (3) | 257.90 | 261.00 | 3.10 | 2.81 | 3.09 | |||||||
378.10 | 420.20 | 42.10 | 38.16 | 3.59 | RENARD ZONE | |||||||
Including (3) | 378.10 | 379.50 | 1.40 | 1.32 | 14.25 | |||||||
Including (3) | 399.50 | 402.50 | 3.00 | 2.60 | 12.80 | |||||||
441.00 | 450.90 | 9.90 | 7.58 | 1.31 | ||||||||
495.50 | 504.50 | 9.00 | 5.79 | 1.23 | ||||||||
510.50 | 514.50 | 4.00 | 2.57 | 3.07 | ||||||||
522.00 | 538.50 | 16.50 | 10.61 | 1.09 | ||||||||
NE-18-96 | 522,613.8 | 5,473,656.1 | 380.3 | 335 | -45 | 525.00 | 307.65 | 325.00 | 17.35 | 14.21 | 0.97 | RENARD ZONE |
335.25 | 363.00 | 27.75 | 24.03 | 5.69 | ||||||||
Including (3) | 342.00 | 348.80 | 6.80 | 5.89 | 19.89 | |||||||
Including (3) | 342.85 | 344.30 | 1.45 | 1.26 | 79.40 | |||||||
379.00 | 380.50 | 1.50 | 1.15 | 17.15 | ||||||||
390.25 | 408.00 | 17.75 | 16.09 | 1.66 | ||||||||
Including (3) | 402.00 | 402.95 | 0.95 | 0.86 | 12.55 | |||||||
457.50 | 472.20 | 14.70 | 12.73 | 1.02 | ||||||||
502.00 | 515.00 | 13.00 | 11.26 | 0.96 | ||||||||
NE-18-97 | 522,859.0 | 5,473,569.1 | 378.7 | 330 | -45 | 647.30 | 57.00 | 74.50 | 17.50 | 15.16 | 1.49 | LIAM ZONE |
Including (3) | 57.00 | 66.00 | 9.00 | 7.79 | 2.21 | |||||||
137.00 | 147.50 | 10.50 | 9.87 | 1.67 | 36 West ZONE | |||||||
Including (3) | 144.50 | 146.00 | 1.50 | 1.41 | 5.50 | |||||||
161.65 | 194.00 | 32.35 | 29.32 | 1.10 | ||||||||
406.50 | 422.00 | 15.50 | 11.87 | 1.64 | RENARD ZONE | |||||||
Including (3) | 410.00 | 411.50 | 1.50 | 1.15 | 10.25 | |||||||
443.00 | 487.50 | 44.50 | 36.45 | 1.61 | ||||||||
Including (3) | 445.50 | 456.00 | 10.50 | 8.60 | 4.16 | |||||||
497.50 | 511.50 | 14.00 | 12.12 | 1.46 | ||||||||
517.50 | 534.50 | 17.00 | 14.72 | 1.30 | ||||||||
576.47 | 589.50 | 13.03 | 11.28 | 0.80 | ||||||||
Table 1 Nelligan Project Drilling Results – 2018 Drilling program | ||||||||||||
Hole No. | UTM NAD83 Zone18 | AZ | DIP | EOH | from | To | Interval | True Width (1) | Au (2) (3) | NOTE | ||
Easting | Northing | Elevation | (°) | (°) | (m) | (m) | (m) | (m) | (m) | (g/t) | ||
NE-18-98 | 522,638.4 | 5,473,569.2 | 377.2 | 330 | -52 | 552.00 | 432.00 | 446.00 | 14.00 | 12.12 | 5.04 | RENARD ZONE |
Including (3) | 439.00 | 443.00 | 4.00 | 3.46 | 9.79 | |||||||
507.70 | 524.20 | 16.50 | 13.52 | 1.16 | ||||||||
533.20 | 542.20 | 9.00 | 7.37 | 0.60 | ||||||||
NE-18-99 | 523,108.7 | 5,473,898.1 | 372.4 | 335 | -55 | 366.00 | 55.10 | 69.00 | 13.90 | 10.65 | 0.56 | RENARD ZONE |
93.00 | 99.40 | 6.40 | 4.90 | 0.83 | ||||||||
103.40 | 126.00 | 22.60 | 15.98 | 1.09 | ||||||||
Including (3) | 108.00 | 114.00 | 6.00 | 4.24 | 2.05 | |||||||
138.00 | 147.00 | 9.00 | 7.37 | 1.08 | ||||||||
192.00 | 208.10 | 16.10 | 13.19 | 2.42 | ||||||||
Including (3) | 204.20 | 205.54 | 1.34 | 1.10 | 14.75 | |||||||
236.00 | 276.40 | 40.40 | 30.95 | 2.35 | ||||||||
Including (3) | 272.60 | 273.60 | 1.00 | 0.77 | 50.60 | |||||||
281.50 | 303.00 | 21.50 | 15.20 | 0.84 | ||||||||
316.00 | 325.80 | 9.80 | 6.93 | 1.64 | ||||||||
355.50 | 366.00 | 10.50 | 8.60 | 0.69 | ||||||||
4,487.30 | ||||||||||||
Notes: | ||||||||||||
1. True widths are estimated at 70 to 94% of the core interval. | ||||||||||||
2. Drill hole intercepts are calculated with a lower cut of 0.50 g/t Au and may contain lower grade interval of up to 5 metres in length. They are generally reported with a minimum g*m (or Metal factor) of 5. | ||||||||||||
3. Assays are reported uncut but high grade sub-intervals are highlighted. |
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/08ea8bca-1589-4bde-b64c-e86ed30c380e
- Published in Mining, News Home, Vanstar Mining
Growpacker Inc. to Participate at the 21st Annual ICR Conference
Momentum Public Relations
Press Release: January 7, 2019
Growpacker Inc. (“Growpacker” or the “Company”), a turnkey co-packer and distributor of THC and CBD infused consumable products, announced today that Stephen Boyd, the company’s Founder and Chief Executive Officer, will present at the 21st Annual ICR Conference in Orlando, Florida at 10:15 a.m. EST on Wednesday, January 16, 2019. The conference is known to be one of the largest investment conferences of the year, with attendance regularly exceeding 2,300 people.
Mr. Boyd will also participate in a cannabis panel titled “Emerging Cannabis: Private Cannabis Companies Poised for Growth in 2019,” hosted by Evan Eneman, Chief Executive Officer of MGO/ELLO Alliance.
This marks the first time the ICR Conference will host a dedicated cannabis track broadening exposure to global institutional investors, private equity professionals, equity research, analysts, and select media.
Sponsors of the 2019 ICR Conference are AlixPartners, Baird, Bank of America Merrill Lynch, Barclays, William Blair, BMO Capital Markets, Citigroup Markets & Banking, Cowen and Company, Credit Suisse, Deutsche Bank, Duff & Phelps; Goldman, Sachs & Co, Guggenheim, J.P. Morgan, Jefferies LLC, KeyBanc Capital Markets, Latham & Watkins LLP, Morgan Stanley, North Point Advisors, Piper Jaffray, Raymond James, RBC Capital Markets, Ropes & Gray LLP, RSM, Stephens Inc., Stifel; SunTrust Robinson Humphrey; Telsey Advisory Group; The Sage Group, True Search and Wells Fargo.
About Growpacker
Growpacker Inc. is a Canadian-based company, which through its American interest in GP Holdings LLC, is engaged in expanding the ancillary side of the California cannabis industry. The company offers local and international brands key services, such as formulation, manufacturing, co-packing, and distribution for THC & CBD infused products.
About The ICR Conference
The ICR Conference is a unique platform where public and private company management teams, institutional investors, sell-side research analysts, investment bankers, private equity professionals and select media connect and network with one another as the year begins. The event is one of the largest investment conferences of the year, featuring presentations by more than 150 public and private companies, with attendance regularly exceeding 2,300. For more information please visit http://www.icrconference.com.
Contacts
Stephen Boyd, CEO
Tel: +1 (833) 476-9722
Email: press@growpacker.com
www.growpacker.com
- Published in Business, growpacker, Marijuana, News Home
Grown Rogue Appoints Adam Wolf as Chief Operating Officer
Momentum Public Relations
Press Release: January 3, 2019
Grown Rogue International Inc. (CSE : GRIN) (“Grown Rogue” or the “Company“), announces the appointment of Mr. Adam Wolf as Chief Operating Officer of the Company. Mr. Wolf has extensive operational and leadership experience which includes 15 years with Hyatt/Hilton Hotels and leadership roles at Teleflora – one of the largest subsidiaries of multi-billion dollar “The Wonderful Company.” Most recently he was Chief Operating Officer for MarijuanaPackaging.com, the largest privately held packaging and supply company in the cannabis industry where he led and directed all facets of operations. He has also been responsible for overseeing sales and marketing in his executive roles, driving brand recognition and a solid track record for achieving sales growth and profitability targets.
Mr. Wolf takes over the role from Obie Strickler, CEO of Grown Rogue, who had been functioning as the Company’s interim COO. Mr. Strickler commented on the appointment, “We carefully searched for the right candidate that could bring operational management expertise coupled with understanding the fast growing cannabis industry. We have found this in Adam who has tremendous management experience and unique cannabis specific knowledge that he brings to the Grown Rogue team. ”
“I am thrilled to join an established leader in the cannabis industry in Grown Rogue,” said Mr. Wolf. “I explored several professional opportunities in the cannabis industry and Grown Rogue’s level of excellence in branding, cultivation, and most importantly expansion targets, was the difference maker. I look forward to applying my experience and knowledge to help Grown Rogue expand relationships in our existing markets and continue to scale into additional states.”
Mr. Wolf earned a B.B.A. from The George Washington University and an M.B.A. from The UCLA Anderson School of Management, where he graduated in the top of his graduating class in both programs with a focus on Strategy and Operations.
About Grown Rogue
Grown Rogue International (CSE: GRIN) is a vertically-integrated, multi-state cannabis company curating innovative products to provide consumers with their desired cannabis experiences. Each of Grown Rogue’s products and strains are categorized and marketed according their unique effects. The Company’s “seed to experience” branding conveys its vision of ensuring “the right experience, every time”. Grown Rogue is scaling its model into multiple states incorporating best in class manufacturing facilities and a proprietary distribution platform based on exclusively licensed Microsoft technology. Grown Rogue’s diverse cannabis product suite includes premium flower, patent-pending nitrogen sealed pre-rolls, oil and concentrates, and edibles featuring a partnership with a world-renowned chocolatier.
Subscribe to Grown Rogue investor news alerts.
- Published in Cannabis, Grown Rogue, Marijuana, Medical Marijuana, News Home
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