Significant progress in EXMceuticals Portuguese Operations with R&D facility, New Project and Pilot-Scale Refinery
Momentum Public Relations
Press Release: July 31, 2019
EXMceuticals Inc. (CSE: EXM) (FSE: A2PAW2) (the “Company” or “EXM”), a cultivator and producer of high-grade cannabis extracted ingredients for the pharmaceutical, therapeutic, nutraceutical, and cosmetic industries, is pleased to provide an update on its Portuguese activities.
Significant progress has been achieved in reaching EXM’s technical and scientific objectives as regards its activities in Portugal.
- New R&D facility: Construction of new Research & Development (R&D) facility, located inside the Tec Labs Innovation Centre, the incubator of the Faculty of Sciences of University of Lisbon, Portugal, by EXMceuticals Portugal is complete and the new R&D facility is operational.
- New CBD and terpene research opportunities for various industries: The new R&D facility will enable research into CBD and terpene formulations for the nutraceutical, cosmetics and wellness industries. In the medium term the R&D activities will also target pharmaceutical grade formulations.
- New research project: EXMceuticals Portugal has commenced a new research project under the Portugal 2020 program, which is being executed in the new R&D facility. Portugal 2020 is a Framework Program between Portugal and the European Commission that brings together the five European Structural and Investment Funds.
- Importation, research and development licensing: EXMceuticals Portugal is in the process of obtaining, from INFARMED, the Portuguese National Authority of Medicines and Health Products, research and development authorizations allowing EXM to import cannabis-based ingredients. This will also permit EXM to refine, manufacture and export cannabis-based medicinal products from the pilot-scale refining facility built as part of the new R&D lab. The pilot-scale refinery and manufacturing activities are included in the submitted Portugal 2020 R&D project.
- New R&D analytical procedures: Initial R&D activities regarding CBD extraction, purification and associated analytical procedures have been ongoing for several months, in collaboration with local universities, and have already identified several innovative methods of streamlining and improving the various processes.
- Jobs creation: In the next 12 months, EXM plans to create over 80 highly qualified technical & scientific research jobs in Portugal as we move from our current R&D pilot-scale production towards industrial-scale production and we increase the number and scope of the projects undertaken in our R&D facilities.
Jonathan Summers, Chairman of EXM, added, “Our dedicated R&D activities are now fully functional, and these offer huge scope to create original and unique formulations that will benefit the emerging CBD industry as well as consumers. Our pilot refining and manufacturing capabilities will be fully operational within a few weeks once fully licenced. EXM continues to work very closely with the relevant Portuguese authorities, especially INFARMED, regarding our Portuguese activities. The Portuguese regulators and relevant governmental agencies continue to be very supportive and engaged.”
This is the first step towards creating EXM’s European base for R&D and distribution. The company plans to create an environment for advanced research innovation, training and collaboration with the industry. ”Molecules from cannabis are extraordinary and the scientific community around the world is starting to understand the enormous potential of the plant,” said EXM Chief Innovation Officer Susana Santos. “Our R&D facility includes state of the art equipment and is aimed ensuring the highest standards of quality assurance that will guarantee that our client’s customers are always protected and their expectations fully satisfied.”
ON BEHALF OF THE BOARD OF DIRECTORS OF EXMCEUTICALS INC.
Michel Passebon, Chief Executive Officer and Director
For further information contact:
Investor Relations
Email: investors@exmceuticals.com
Media Enquiries:
Email: media@exmceuticals.com
Europe – Jane Glover: +44 (0) 203 757 4990
North America – Mélanie Guillemette: +1 819 668 2734
- Published in Cannabis, CBD, EXMceuticals, Marijuana, News Home
Silver Spruce Clarifies Resource Statement at Cocula Advanced Gold Project
Momentum Public Relations
Press Release: July 31, 2019
Silver Spruce Resources Inc. (“Silver Spruce” or the “Company”) is providing the following information regarding the Company’s news release of 15 July 2019. As a result of a review by the Nova Scotia Securities Commission, we are issuing the following news release to clarify our disclosure.
The Company was notified that an estimate of mineral resources in the section titled, “Non-Qualified Resource” of the 15 July 2019 news release was not acceptable under National Instrument 43-101 Standards of Disclosure for Mineral Projects, and the Company retracts the entire statement under the heading “Non-Qualified Resource”.
Further, the Company intends to file a NI 43-101 technical report to be completed by an independent Qualified Personon the Cocula project within forty-five days of the 15 July 2019 news release.
Qualified Person
Dr. Craig Gibson, Ph.D., CPG, Qualified Person, consulting geologist and project manager for the Company, is responsible for the technical content of this press release.
About Silver Spruce Resources Inc.
Silver Spruce Resources Inc. is a Canadian junior exploration company pursuing development of the Pino de Plata project, located in the prolific Sierra Madre Occidental region of western Chihuahua State in Mexico. The Company has signed a binding Letter of Agreement to acquire 100% of the advanced Cocula gold project in Jalisco State, Mexico. Silver Spruce Resources Inc. continues to investigate opportunities that Management has identified or that have been presented to the Company for consideration.
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. The company seeks Safe Harbour.
Contact:
Silver Spruce Resources Inc.Karl Boltz, President/CEO/Director(866) 641-3397info@silverspruceresources.comwww.silverspruceresources.com
- Published in Mining, News Home, Silver Spruce Resources
Silver Spruce Confirms High Grade Gold Mineralization at Cocula Advanced Gold Project
Momentum Public Relations
Press Release: July 30, 2019
Silver Spruce Resources Inc. has received assays from due diligence samples taken from the Timmins Gold (now Alio Gold) reverse circulation (RC) drill program stored at the project and assays from new surface samples taken by the independent qualified person preparing the maiden National Instrument 43-101 report on the Cocula project in Jalisco state, Mexico.
The reverse circulation drill samples for due diligence purposes were selected to confirm the grades reported previously by Timmins, focusing both on individual, isolated samples as well as continuous intervals in order to confirm the grades and tenors originally reported. The first set of fifteen samples was selected by ProDeMin crews under the direction and supervision of Dr. Craig Gibson, Ph.D., CPG, Qualified Person. A second set of twelve samples including eight surface exposures and four samples of RC drill cuttings was selected by the independent Qualified Person (“QP”) that is preparing the NI 43-101 report for Silver Spruce. The samples of RC cuttings returned assay results that are generally correlated with the results reported by Timmins.
Eight rock chip channel samples that were taken by the independent QP during his requisite field visit for the NI 43-101 report show the presence of gold mineralization at surface of up to 16.65 grams per tonne (“g/t”) gold (“Au”), or 0.54 ounces per tonne gold.
“We are satisfied with the correlative assay results of check samples from the Timmins drill program. We are also quite encouraged by the high grades of gold that were sampled at surface from a trench across the mineralized breccia target,” stated Karl Boltz, President & CEO of Silver Spruce.
Cocula Mineralization
Channel sampling by Timmins across the outcrop of the Cocula breccia returned 136 m with 2.39 g/t Au, 19 g/t Ag, 1.07% Pb and 0.12% Zn. High grades of up to 25 g/t Au were reported for individual samples.
In 2008, Timmins drilled 27 RC holes (1,974 m) and confirmed the continuity of the Cocula breccia along 800 m of strike, open in all directions. Some example intercepts are:
Drill hole RCC-01 returned 7.5 m of 5.8 g/t Au within a longer interval of 37 m of 1.3 g/t Au, 13 g/t Ag, and 1.1 % Pb from the surface,Drill hole RCC-09 cut 10.5 m with 1.76 g/t Au and 13.5 m with 1.37 g/t Au within a larger interval of 54 m with 0.72 g/t Au, 8.9 g/t Ag, and 0.96% Pb, and
Drill hole RCC-10 has an intercept of 37.5 m with grades of 1.2 g/t Au; 13 g/t Ag and 1.34 % Pb that includes two narrow intervals of 3.0 m with 6.3 g/t Au and 7.5 m of 3.0 g/t Au.
Surface Agreements Signed
Surface agreements assuring access to the project for exploration and drilling have been signed by representatives with power of attorney for three families that own the ranches at the Cocula project.
The Company has the “green light” to continue its due diligence process and a final purchase decision will be made by the Company, in due course, under its six month Right of First Refusal.
Silver Spruce should have its drill permit approved shortly and is preparing a drilling strategy to evaluate the current mineralization and exploration targets.
Quality Assurance and Quality Control
Samples by Silver Spruce and for the NI 43-101 report were analyzed by ALS Global, a worldwide analytical testing laboratory well-known in the exploration and mining community. Samples submitted to ALS consisted of RC drill cuttings and rock chip-channel samples that were analyzed for gold by the Au-AA26 method, consisting of a 50 g fire assay with an AA finish. No blind control samples were submitted as these are duplicates, but the laboratory uses standards and blanks as part of its routine QA-QC program.
The original sample assays of Timmins were completed by International Plasma Labs (IPL) of Richmond, B.C. Gold assays by IPL were completed by fire assay and AA spectroscopy on a 30 gm sample aliquot. For the IPL samples, those with Au values of 1 g/t or more or Ag values of 100 g/t or more were reanalyzed by fire assay and gravimetric methods.
Qualified Person
Dr. Craig Gibson, Ph.D., CPG, Qualified Person, is responsible for the technical content of this press release.
About Silver Spruce Resources Inc.
Silver Spruce Resources Inc. is a Canadian junior exploration company pursuing development of the Pino de Plata project, located in the prolific Sierra Madre Occidental region of western Chihuahua State in Mexico. The Company has signed a binding Letter of Agreement to acquire 100% of the advanced Cocula gold project in Jalisco State, Mexico. Silver Spruce Resources Inc. continues to investigate opportunities that Management has identified or that have been presented to the Company for consideration.
- Published in Mining, News Home, Silver Spruce Resources
Crystal Lake Amends Agreement with Sassy Resources
Momentum Public Relations
Press Release: July 26, 2019
Crystal Lake Mining Corporation (TSXV: CLM) (OTC Pink: SIOCF) (FSE: SOG-FF) (“Crystal Lake” or the “Company“) announces that, further to its news release of June 25, 2019, the Company has amended the arrangement agreement with its wholly-owned subsidiary, Sassy Resources Corporation, in order to fully align the agreement with U.S. securities laws. Financial terms of the arrangement remain the same. The amended arrangement agreement is dated for reference July 25, 2019, and is available at www.sedar.com under the profile of the Company.
A CEO for Sassy is expected to be announced during the first half of August. Sassy is also launching a first phase of exploration next month at its Foremore claims directly north of Crystal Lake’s Newmont Lake Project in Northwest B.C.’s Eskay Camp.
About Crystal Lake Mining
Crystal Lake Mining is a Canadian-based junior exploration company focused on building shareholder value through high-grade discovery opportunities in British Columbia and Ontario. The Company has an option to earn a 100% interest in the Newmont Lake Project, one of the largest land packages among juniors in the broader Eskay region in the heart of Northwest B.C.’s Golden Triangle.
On Behalf of the Board of Directors,
CRYSTAL LAKE MINING CORP.
“Richard Savage”
President & CEO
Email: info@crystallakemining.com
www.crystallakemining.com
For further information please contact:
Momentum Public Relations
Tel: +1 (514) 815-7473
Email: mark@momentumpr.com
- Published in Crystal Lake Mining, Mining, News Home
Crop’s First California Extracts Pass Pesticide and Heavy Metal Testing
Momentum Public Relations
Press Release: July 24, 2019
CROP INFRASTRUCTURE CORP. (CSE: CROP) (OTC: CRXPF) (Frankfurt: 2FR) announced today that its first batch of THC distillate cartridges derived from the 2018 harvest have passed heavy metal and pesticide testing consistent with the excellent initial test results after the 2018 harvest.
The packaging team has now resumed filling cartridges in preparation of the launch of Evolution Cannabis and Hempire brands in California.
Furthermore, the first two greenhouses at the Humboldt organic farm have been harvested and are awaiting trimming, testing and packaging.
This will allow the company to launch its premium distillate line and organic fresh flower SKUs into the California market through internal sales and the partially owned Flip Distro, giving sales teams a full suite of products to offer retailers.
CROP CEO, Michael Yorke, stated: “This is a solid step forward rolling out our cartridge, flower and pre-rolled lines into the California market, further benefiting from the recent, partial acquisition of Flip Distro with its experienced sales staff.”
About CROP
CROP is publicly listed company trading under symbol CROP.CSE. The company is focused on cannabis branding and real estate assets. CROP’s portfolio of projects includes cultivation properties in California, two in Washington State, a 1,000-acre Nevada cannabis farm, 2,115 acres of Hemp CBD farms, and a growing portfolio of common share equity in upcoming listings within the cannabis space.
CROP has developed a portfolio of assets including Canna Drink, a cannabis infused functional beverage line and 16 Cannabis brands.
Company Contact
Michael Yorke – CEO and Director
E-mail: info@cropcorp.com
Website: www.cropcorp.com
Phone: (604) 484-4206
- Published in Cannabis, CBD, CROP Infrastructure, Marijuana, News Home
Grown Rogue Issued Patent for Nitrogen Sealed Pre-Rolls
Momentum Public Relations
Press Release: July 22, 2019
Grown Rogue International Inc. (CSE:GRIN | OTC:GRUSF) (“Grown Rogue” or the “Company“), a vertically-integrated, multi-state cannabis company with licenses and assets in Oregon, California, and now entering Michigan, announced today the US Patent and Trademark Office awarded Grown Rogue full patent for its innovative “Certified Fresh” Nitrogen Sealed Pre-rolls. The Nitrogen Sealing Process eliminates oxygen through nitrogen injection which preserves the freshness of the flower. The process also vacuum seals the product to lock in freshness.
“There are dozens of premium pre-rolls in the cannabis market, but there is only one innovation that seals with nitrogen and ensures freshness,” said Obie Strickler, CEO and Co-Founder of Grown Rogue.
Several cannabis companies have used nitrogen to seal cannabis in various applications but Grown Rogue is the first to develop a solution to seal a glass tube with nitrogen. “Customers can see the quality of product through the glass and with the nitrogen infusion will know that they can enjoy a truly fresh cannabis experience,” added Mr. Strickler.
Grown Rogue first introduced the “Certified Fresh” Nitrogen Sealed Pre-rolls in January 2018 which drove sales and brand awareness in the Oregon market. Since then, the Nitrogen Sealed Pre-Rolls have become a symbol of the companies’ commitment to Innovation in a competitive marketplace. The company has developed nitrogen sealed 3.5 gram glass flower jars which is also an industry first, but is not currently seeking a patent for that innovation. The detailed overview along with a video showcasing the patented “woosh” sound is available online.
“Customers have a lot of choices when it comes to pre-rolls and cannabis products in general and our innovative “Certified Fresh” Nitrogen Sealed products speak to our unique differentiation in product development and our commitment to empowering consumers to enhance life experiences through cannabis,” added Rob Rigg, EVP Marketing at Grown Rogue.
Several companies have approached Grown Rogue to license the Nitrogen Pre-Rolls in other markets across the United States. “Our plan is to license the technology and process to partners in areas where we do not have near term expansion plans,” said Mr. Strickler. “Like Tesla or Apple, we want to launch technologies across the world that positively impact the consumer experience,” added Mr. Strickler.
About Grown Rogue
Grown Rogue International (CSE: GRIN | OTC: GRUSF) is a vertically-integrated, multi-state Cannabis family of brands on a mission to inspire consumers to “enhance experiences” through cannabis. We have combined an expert management team, award winning grow team, state of the art indoor and outdoor manufacturing facilities, and consumer insight based product categorization, to create innovative products thoughtfully curated from “seed to experience.” The Grown Rogue family of products include sungrown, light dep and indoor premium flower, live rosin jars and terp diamonds, infused, indoor and sungrown pre-rolls, live resin and rosin carts, along with chocolate edibles created in partnership with a world-renowned Chocolatier.
Subscribe to Grown Rogue investor news alerts.
- Published in Cannabis, CBD, Grown Rogue, Marijuana, News Home
Crystal Lake Outlines Large-Scale Copper-Gold-Rich System at Burgundy Ridge as Crews Prepare for Diamond Drilling
Momentum Public Relations
Press Release: July 16, 2019
Crystal Lake Mining Corporation (TSXV: CLM) (OTC Pink: SIOCF) (FSE: SOG-FF)(“Crystal Lake” or the “Company“) is pleased to announce that its ongoing Phase 1 exploration program has greatly expanded the target area at Burgundy Ridge, the newest drilling discovery in Northwest B.C.’s prolific Eskay Camp based on four shallow first-ever drill holes (reverse circulation) during winter conditions last fall (see March 7, 2019 news release).
Crews will be mobilizing for the maiden diamond drilling program at Burgundy Ridge during the week of July 22 to aggressively broaden this discovery (high-grade copper plus gold, silver, cobalt and zinc) laterally and at depth.
Highlights
- Mapping, prospecting, sampling and hyperspectral analysis have delineated a large 2 km x 2.5 km porphyry and skarn-style system open in multiple directions;
- The Burgundy Ridge system features multiple “hot spots” including a significant new surface discovery 600 metres west-southwest of October’s copper-gold-rich intersections – a k-spar epidote altered and brecciated intrusion containing disseminated copper sulphides in a high temperature alteration zone;
- High-grade mineralization at Burgundy Ridge occurs within breccias and intrusive dykes that are structurally controlled along the margin of a large dolomitic limestone body which has been intruded by a variety of porphyries (a 3-metre chip sample by Romios Gold in 2013, which should not be considered representative of mineralization in the target area, returned 5.1% Cu, 28.5 g/t Au and 89.7 g/t Ag).
Dr. Peter Lightfoot, Crystal Lake Technical Advisor, commented: “The data increasingly suggest that there is large-scale development at Burgundy Ridge of alkaline porphyritic stockwork vein systems with breccias. These are very messy alkalic porphyries – exactly the right type of rocks – and they are associated with carbonate-bearing country rocks.
Crystal Lake Mining’s Technical Advisor Dr. Peter Lightfoot Comments on the ‘impressive fluid highway’ indicative at the Newmont Lake project in the Eskay Camp, British Columbia
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6406/46321_75b68f75a44e1a9c_002full.jpg
“Tight correlations between copper and silver, copper and gold, and copper and cobalt are indicative of significant and coherent underlying mineralization processes at Burgundy Ridge, driven in part by an impressive fluid highway,” Dr. Lightfoot concluded.
Newmont Lake Project General Update
Crystal Lake will commence its 2019 drilling at the Burgundy Ridge discovery while highly prospective targets elsewhere throughout the 550 sq. km (55,000 hectare) project, including the newly-defined Chachi Corridor, continue to be systematically explored and advanced with details expected shortly as more data becomes available.
- To date, within the last six weeks, over 4,000 rock and soil samples have been collected throughout the project and have been shipped for assay (includes an intensive chip sampling campaign for hyperspectral vectoring);
- Lithological and alteration mapping on the highest priority prospects has been carried out by 35-year Golden Triangle veteran Marco Vanwermeskerken who mapped the Eskay Creek deposit pre-to-post discovery;
- A broad scale geophysics program, including both ground and airborne methods, will soon be launched by Wolcott & Associates Geophysical Services.
Richard Savage, President and CEO of Crystal Lake, stated: “We are ready to leverage the hard work and expertise of our discovery-driven teams who have done a remarkable job to position shareholders for a summer to remember in the Eskay Camp. We’ve got the right people in the right area at the right time – drilling starts with bullseye targets at Burgundy Ridge to immediately expand the district’s newest discovery.”
Qualified Person
The technical information in this news release has been reviewed and approved by Mr. Maurizio Napoli, P. Geo., VP Exploration for Crystal Lake Mining, a Qualified Person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.
About Crystal Lake Mining
Crystal Lake Mining is a Canadian-based junior exploration company focused on building shareholder value through high-grade discovery opportunities in British Columbia and Ontario. The Company has an option to earn a 100% interest in the Newmont Lake Project, one of the largest land packages among juniors in the broader Eskay region in the heart of Northwest B.C.’s Golden Triangle.
On Behalf of the Board of Directors,
CRYSTAL LAKE MINING CORP.
“Richard Savage”
President & CEO
Email: info@crystallakemining.com
crystallakemining.com
For further information please contact:
Momentum Public Relations
Tel: +1 (514) 815-7473
Email: mark@momentumpr.com
- Published in Crystal Lake Mining, Mining, News Home
Grown Rogue International Inc. (CNSX: GRIN) Targets Michigan Cannabis Market to Accelerate Growth
Grown Rogue has set its sights on the Michigan Cannabis market as part of its growth strategy. The expansion is part of an effort of strengthening multi-state operations the firm has already set foot in Oregon and California with strategic investments.
Michigan Cannabis Opportunity
The company is setting its sights on the Michigan cannabis market does not come as a surprise. The State’s cannabis industry is ranked as one of the fastest growing markets, with medical sales having hit highs of $56 million as of May after starting mid-October of last year.
The fact that the Michigan cannabis market is in the early stages of growth means there is room for everyone to jostle for market share, given the lack of a clear leader. The state also boasts of the second largest market for medical cannabis.
The high per capita patient registrations in the State presents a unique market opportunity for Grown Rogue, which is increasingly looking to diversify its revenue streams. Business opportunities could soon increase in the state following the release of new emergency regulations.
In a bid to crack down on black market sales, the State has reduced capital requirement for recreational marijuana. The state has also approved the sale of both medical and recreational cannabis on the same store. With the new regulations, the likes of Grown Rogue will now be able to target both recreational and medical cannabis market concurrently and with ease.
Ramping Up Cannabis Production
In pursuit of growth opportunities in the state, the Company has since entered into a strategic partnership and acquisition with operators in Muskegon. A partnership with Inferno Gardens marks an important step in Grown Rogue bid to ramp up cannabis production in the state.
This also opens the door for the company to gain access to a 24,000 sq. Ft. indoor facility that is to act as a cannabis manufacturing hub. The facility, which is still under construction, will play host to cultivations and processing operations once it is up and running before the end of the year.
“Given that the current Michigan market rates for quality cannabis flower fetches around $3000/lb., this new revenue source bodes well for our company’s revenue targets. We are excited to partner with Jesse and the rest of his team at Inferno Gardens and bring our proven business model and brand to the Michigan market,” explained Obie Strickler, Grown Rogue CEO.
The strategic location of the manufacturing facility should go a long way in benefiting the company. Millions of locals, as well as visitors, pass through the popular corridor on their way to Lake Michigan. In addition, Grown Rogue is planning to launch a cannabis dispensary and processing facility, early next year to strengthen operations in Michigan.
According to the Chief Strategy Officer Jacques Habra, the Michigan manufacturing facility will have the potential to produce up to 1,814 Kgs of premium cannabis annually. Operations in Michigan could generate between $13-14 million in yearly revenue for the company starting next year.
Sales Growth Boost
Expansion into Michigan comes at a time when Grown Rogue is firing on all angles when it comes to operational efficiency. For starters, the company is fresh from reporting two consecutive quarters of robust revenue growth.
A 125% quarter-over-quarter sales growth in the second quarter underscores brand strength as well as distribution reach in Oregon. In the first quarter, the company reported a 388% increase in revenues that came in at $834,309. The company has also seen its cannabis licenses grow from just three to 22 in three states expected to strengthen sales growth.
“To have gained this brand recognition and sales traction, in what is arguably the world’s most competitive legalized cannabis market, bodes very well for our expansion into California and particularly the newly legalized market in Michigan,” said Obie Strickler, President, and CEO of Grown Rogue.
The future looks bright for Grown Rogue as it continues to expand its footprint into some of the biggest cannabis markets. The under-performance in the stock market in the first half of the year presents an opportunity to take a look at a stock trading at a discount relative to the company’s growth metrics.
- Published in Uncategorized