Proximity Marketing: The future of Advertising
By: Frehiwote Negash
Technology is rapidly changing in a world that is heavily reliant on it. As a result, retailers have to find unique methods of advertising to reach the consumer. In a day and age where companies are looking for innovative ways to bring customers through the doors, a new technology might do the trick in driving up sales and help build consumer loyalty. The introduction of Proximity Marketing has allowed for retailers to hone in on the desires of consumers and place ads that are tailored, directed and targeted to cater to their individual tastes. Therefore, ads will be target to the consumer based on specific interests as well as their proximity to a retailer that can best fulfill those needs. Not only does it allows for potential customers to build a relationship with the retailer but can enable two way communication and helps foster loyalty to the retailer. Companies like Impact Mobile have decided to enter what could end up being a very lucrative market as they see the value in enabling and strengthening the relationship between the consumer and the retailer. More importantly, the true value of the technology is measured in the conversation rate from the placement of the ad to when the consumer heads to the cash register.
Proximity marketing uses cellphone technology to send ads to smartphone users who are in close to a business using the technology. While the ad is limited to those in the proximity of the business, the message is user-friendly and reaches consumers that are most likely to buy. Users can opt-in to receive ads from specific retailers and avoid being inundated with ads from retailers that do not suit their tastes.
Although variants of this type of technology have been around for about decade, many are hesitant about it as its success hinges on two keys factors: retailer interest and consumer acceptance. Investors should be excited about its potential as 53{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of consumers polled in a JiWire study said that they were willing to share their current location to receive more relevant advertising and 57{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of consumers are more likely to engage with location-based advertising. 63{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of respondents said coupons are the most valuable form of mobile marketing. These numbers illustrate the value of this type of targeted marketing. With respected companies like Apple, Macy’s and Coca-Cola utilizing this tool to bolster their brands and maximize profits, we can say that proximity marketing is here to stay.
The potential for this technology is not just limited to retailers but can extended to restaurants, sports events, hotels and even casinos as smartphones are increasingly becoming efficient tools for eCommerce.
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Sources: Forbes.com
- Published in Blog
Gold: Bull or Bear Market?
By: Frehiwote Negash –
It’s been a long time since we saw gold prices rise steadily. The last time the market witnessed at major jump in the price was in 2008-2009, a very difficult time for a vast number of Americans. To put in context, in September 2008, Lehman Brothers had just declared bankruptcy, the American housing market collapsed. Homeowners, thanks to sub-prime mortgages owed more to the banks than what their homes were worth. Major corporations such as General Motors, AIG, and Chrysler all lined up for bailouts from the American taxpayer while simultaneously firing millions of workers. There was an ongoing presidential race to replace the inept George W. Bush. Bush not only woefully mismanaged the American economy but sent the country into record debt. In what was the worst financial crisis since the Great Depression in the late twenties and early thirties, gold soared to new heights. Historically speaking, when there is a bear market in stocks, it tends to be quite bullish for gold.
Looking at the market, between 2002 and 2011, gold was consistently on the rise with double-digit gains on an annual basis. Yet, what goes up must come down eventually. The last three years have seen gold dropping off from its peak of $1900/gram in 2011. The question investors must ask themselves is if they are operating in a bear or bull market for gold. More importantly, investors have to consider the state of the American economy.
At the beginning of 2015, gold has steadily risen which leads many to suggest that the bull phase has begun for gold based on certain factors. Some of the factors that affect the price of gold are a weak American dollar, inflation, and low interest rates not to mention supply and demand economics. An increase in gold prices typically signals that the U.S. economy is struggling. There is also a correlation between oil prices and gold in where when one commodity suffers the other soars.
From 1931 and 1971, the dollar was backed by gold making it a valuable currency for foreign countries to own. Since President Nixon took the US dollar off the gold standard in 1971, the price of gold has been determined relative to its production and supply and demand forces. To this day, the US dollar remains the world reserve currency of choice but the collapse of the oil market in late 2014 might help explain the recent rise in gold prices. When investors feel wary about the state of the American economy, the rule of thumb is to invest in gold to safeguard from inflation and potential economic crises like in 2008. The general market sentiment is the low cost of a barrel of Texas oil will eventually damage the economy. It’s hard to determine with the recent recovery of the American economy and the oil price surge this week what is really the case. The slow but steady recovery of the American economy might prove to be sustainable in the long run and lead to a healthy economy.
Source: Midas Letter, Gold Resource, Forbes.com, CNBC, Business News Network
- Published in Blog
Rare Earth Metals – A Golden Opportunity
By Frehiwote Negash –
China announced that it will be scrapping its quota system for the purchase of Rare-earth metals. The change in policy comes after the country lost a World Trade Organization ruling in which China failed to justify the existence of the quota system. In lieu of the quota system, Beijing will instead implement a resources tax. The move will be viewed as a positive one as this will open up the market for other players and reduce the worry of scarcity. When China imposed these restrictions in 2009, the intial goal was to develop its own rare-earth metal industry while attempting to corner the market. This hasn’t stopped others from trying to access these rare earth metals as countries like the U.S, Canada and the European Union tried to gain access to these metals and took China to court. For a country that exports and manufcactures on the scale that China does, they felt it was important for them to capture a sizable amount of that market. Consider that by 2010, China produced 97{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the world’s basic rare earth oxide production as welll as much of the processing business despite only having a third of the world’s deposits.
Rare earths metals are chemical elements found in the Earth’s crust that are essential to many modern technologies and affect every facet of daily life. Consider that we use these rare metals for oil refineries, airplanes, cellphones, medical CAT scans, wind turbines and hybrid cars and you have a clearer picture of how far reaching its properties are and why they are so valuable. The importance of these metals cannot be understated as these rare-earth enabled technologies stimulate economic growth, improve our standards of living, and help save lives.
With China and developing countries like India and Brazil on the rise, new emerging markets will require the use of the rare metal technologies. These are countries with emerging middle classes with purchasing power they have never possessed before. As long as the middle class keeps growing along with the country’s infrastructure, so too will consumerism. A good example that illustrates this point is the recent announcement by Apple Inc. Keep in mind that Apple products are seen as indicators of wealth considering its cultural significance and social currency.
Apple announced it had the most profitable quarter in “human history”. Hyperbolic statements aside, the key part of the story was that for the first time, iPhone sales in China have been greater than its total sales in the developed world. This fact indicates the growing market or these types of devices and technologies in the developing world. For potential investors that are considering getting involved in Rare Metal technologies, this might be the time to invest as there are new markets that await the these technologies.
Source: Mining.com, Investor Intel, BeyondBrics
- Published in Blog
InMed Expands Pipeline with Initiation of Program Targeting Epidermolysis bullosa simplex (EBS)
Vancouver, BC — February 3, 2015- InMed Pharmaceuticals Inc. (“InMed”) (CSE: IN; OTCQB: IMLFF), a biopharmaceutical company specializing in the research and development of novel, cannabinoid-based therapies combined with innovative drug delivery systems, announced today that it has added a new therapy to its pipeline: INM-750, for the treatment of epidermolysis bullosa simplex (EBS), a rare genetically inherited skin disorder. INM-750 is designed to suppress pathological skin growth, differentiation and inflammation that are signature characteristics of EBS.
InMed anticipates commencing pre-clinical studies of INM-750 in February, 2015 with initial data expected by Q2 2015. The initiation of INM-750 signals InMed’s entry into the dermatological market and adds to the Company’s rapidly advancing pipeline of cannabis-based therapeutics, which includes CTI-805 for glaucoma and CT-091 for arthritis, both of which are expected to enter human clinical studies in 2015.
“We are pleased to continue the strategic diversification of our pipeline by adding a third therapy identified by our proprietary platform technology,” said Craig Schneider, President & CEO of InMed. “The discovery of INM-750 furthers our corporate strategy of developing therapies for diseases that may be approved for Orphan drug designation.”
Sazzad Hossain, Ph.D., M.Sc., Chief Scientific Officer of InMed, stated, “EBS is a rare keratin mutation-related disease with no FDA approved treatment. The only options available to patients are wound care, pain management, and preventative bandaging. More severe forms of the disease lead to scarring, disfigurement, disability, and early death, usually before the age of 30.”
Craig Schneider concluded, “We are working rapidly to advance the development of INM-750 to address this significant unmet medical need.”
About Epidermolysis bullosa simplex (EBS)
Epidermolysis bullosa simplex (EBS) is Epidermolysis bullosa simplex (EBS) is one of the major forms of Epidermolysis bullosa a group of genetic conditions that cause the skin to be very fragile and to blister easily. It is a result of a defect in anchoring between the epidermis and dermis, resulting in friction and skin fragility. Its severity ranges from mild to lethal. As of today there is no cure or effective treatment. Currently, wound care, pain management and preventative bandaging are the only options available for treatment. The more severe forms of the disease lead to scarring, disfigurement, disability and early death, usually before the age of 30.
About InMed
InMed is a clinical stage biopharmaceutical company that specializes in developing novel therapies through the research and development into the extensive pharmacology of cannabinoids coupled with innovative drug delivery systems. InMed’s proprietary platform technology, product pipeline and accelerated development pathway are the fundamental value drivers of the company. For more information, visit www.inmedpharma.com.
- Published in Blog, Life Sciences
Cuban Dual-Peso: Creating Inequality Since ’93.
Cuba Eliminates Dual-Peso System for Single Currency
By: Frehiwote Negash –
News of the Obama administration and the Cuban government restoring diplomatic ties marks the end of the 50 year standoff between the two countries and the beginning of normalized relations. In the last half century, relations between both countries have been almost non-existent dating back to the Cuban Missile Crisis. President Obama’s willingness to re-establish ties with Cuba was facilitated by the presence of President Raul Castro as leader in place of his brother, Fidel. Raul, the more progressive of the two leaders, promised reforms to the country’s 11 million citizens by opening Cuba’s doors to global investment. It marks a major shift in American foreign policy; one which embraces cooperation in light of its failed foreign policy on Cuba.
The policy is two-fold in its purpose. The ultimate goal of the US embargo was to weaken the Castro government and force regime change. In this respect, it has failed miserably. The policy’s continued support was fuelled in large part by Cuban nationals and Republicans in Florida; a state which remains an electoral battlefield. The embargo has only served to solidify communist rule in Cuba by further isolating the country. On the flip side, the policy has succeeded in decimating the Cuban economy. The embargo has cost Cuba an estimated US$1 trillion since its enforcement with President Castro demanding compensation for damages as a result of the policy. The détente does not mean that Cuba will fargo its socialist principles by embracing capitalism , but rather proceed within the current system. One major indication of these changes is the elimination of Cuba’s dual –peso system in favour for a single currency.
In order seek foreign investment and facilitate trade, Cuba has to scrap its convoluted dual-peso system which has been in operation since 1993. The system was enforced after the collapse of the Soviet Union. Without Soviet subsidies, Cuba’s GDP dropped a whopping 35{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} forcing Castro to recognize the American dollar in 1993 as a means of exchange if only to get hard cash in its coffers.
Visitors to Cuba are given convertible pesos also known as the CUCs. One CUC is equivalent one US dollar. However, Cuban citizens are paid in local pesos or CUPs, which have an exchange rate of .25 to the dollar. The system is designed to force tourists to pay a premium on items and uses the proceeds to finance necessities for its citizens. Ironically, the system has created inequality among Cubans who have access to CUCs over CUPs; an imbalance that echoes the inherent problems of capitalism. The danger with eliminating the CUP is that millions of Cubans could lose their life savings as a result of the transition.
The thawing of US-Cuban relations will accelerate the move to a single currency as Cuba prepares for the global market. The deteriorating economic situation in Venezuela, Cuba’s biggest ally in South America has forced its hand in search for new economic partners. However, it remains to be seen how the Republican dominated US congress will proceed on the embargo matter. Until then, it is in Cuba’s best interest to seek new trade partners and opportunities.
Source: Reuters Canada, Socialist Alternative, Yahoo News, Live Trading News, Vice Magazine
- Published in Blog
Fort McMurray; The next Canadian Ghost Town?
Can Fort McMurray break the ‘Boom and Bust Cycle?
By: Frehiwote Negash –
The decline of oil prices since last June has caused upheaval in the Canadian economy and world markets. From a global perspective, many countries are in dire straights with oil hovering under $50 per barrel. Major oil producing countries like Russia and OPEC member Venezuela face economic collapse with oil staying at the current price. The volatility in the Middle East with the death of King Abdullah and the presence ISIS make forecasting OPEC̕̕ s oil policy a difficult challenge. On the home front, Alberta is expected to fall $7 Billion short of its forecasted revenue. The Bank of Canada cut the national interest rate to prevent inflation and a housing downturn in light of the oil shock. The current situation has forced Alberta Premier Jim Prentice to consider an unpopular provincial sales tax. News of the federal budget potentially going into a small deficit with oil at the current price presents new challenges to the Harper government in what could be an election year. Plunging oil prices have already started to affect the labour market as oil companies like Shell and Suncor have already started laying-off workers and slashing capital budgets. In the midst of all this, Fort McMurray Mayor Melissa Blake is still hopeful of her town’s prospects. Blake states that residents are still “living life as they alwayshave.”
One would expect a politically savvy person like Blake to respond to crisis with optimistic platitudes. The reality is that Fort McMurray exists solely because of the oil industry and the facile argument of life being the same fails to address issues that residents have to face. In a town of 76,000 people made up of mostly migrant and temporary workers and where housing is at a premium, life has already started to change. Mayor Blake states that “Plants are still in operation, we still have jobs, we get up and go to work every day, and we spend our money just as we normally would,”. Business owners beg to differ as they have seen a decline in sales as a result of the downturn.
This isn’t the first time the residents of Fort McMurray have faced economic woes. Residents weathered the most recent downturn in 2009; one which many have called a blessing in disguise. This downturn could last longer a lot longer with companies cutting future projects and more layoffs on the horizon should oil hover at its current price. The uncertainty has forced some residents to put their homes on the market as a precautionary move. While many living in Fort McMurray believe that they can weather the storm, a sustained downturn of could see Fort McMurray become a ghost town.
Sources: Business News Network, Globe and Mail, CTV News, CBC News
- Published in Blog, Oil and Gas
Sales tax out of question for Albertans
In true Albertan style, citizens reject the proposed sales tax making it difficult for Premier Prentice to attack the budget shortfall.
Albertans reject sales tax to fill budget gap
By Andrea Janus
Source :Business News Network
Nearly three quarters of Albertans are opposed to a provincial sales tax to help fill the revenue gap left by falling oil prices, according to a new poll.
Alberta Premier Jim Prentice recently floated the idea of a sales tax to make up for a projected $7 billion budget shortfall. While no decisions have been made, and Prentice himself has said he is “not embracing” a sales tax, the idea appears wildly unpopular with voters.
In a survey of 3,184 Albertans, Mainstreet Technologies asked whether respondents approve or disapprove of a PST to balance the budget. The results showed that:
· 73 per cent of decided residents disapprove.
· 27 per cent approve.
Of those who disapprove, 53 per cent said they “strongly” disapprove, while 20 per cent “somewhat” disapprove.
When asked what type of tax increase they would favour the most in order “to raise additional revenues in the future,” only 11 per cent of decided residents favoured a provincial sales tax.
· 18 per cent favoured higher energy royalties.
· 21 per cent favoured a personal income tax increase.
· 22 per cent favoured a health care premium.
· 28 per cent favoured user fees or sin taxes.
Meanwhile, asked how the province should deal with the coming budget shortfall — cut spending, run a bigger deficit, increase borrowing, or raise taxes — 55 per cent of decided respondents said the province should cut its own spending. Only 19 per cent said “raise taxes,” 14 per cent said “bigger deficits,” while 12 per cent said “increase borrowing.”
The findings suggest Prentice has “a huge uphill battle” on his hands if he wants to move forward with a sales tax, pollster Quito Maggi told CTV Calgary.
However, the popular solution isn’t always what’s best for voters, University of Calgary political scientist Melanee Thomas said.
“It’s kind of like eating your vegetables,” Thomas told CTV. “Just because you don’t necessarily like doing it, doesn’t mean that you don’t do it, because it’s the best thing for you.”
In fact, now may be the right time for Prentice to introduce a sales tax when the political opposition is so weak. Much of the Wildrose Party caucus recently crossed the floor to join the governing Progressive Conservatives, leaving just a handful of opposition MLAs behind.
“With the absence of a viable alternative, you’ve got to wonder whether or not it’s as suicidal as some might think it would be,” Thomas said.
Economists tend to favour consumption taxes, such as sales taxes, over increases to income taxes, Todd Hirsch, chief economist at ATB Financial said Monday.
However, Maggi said that sin taxes and user fees will not bring enough in to provincial coffers to balance the budget.
“When we looked at how Albertans want the Premier to deal with the upcoming budget the most popular idea was to cut spending – but there just isn’t much to cut,” Maggi said in a statement accompanying the poll results.
“This really places the PC government and the opposition parties in a tough bind. A PST has the most potential to raise revenue, but Albertans are firmly opposed.”
Reaction on the street in Calgary was mixed on Monday. Some residents acknowledged that the government likely has little option if oil prices remain low. However, others reflected the poll’s findings of strong opposition.
“We have the Alberta advantage now,” one woman told CTV. “But I think if we put that in the province, then we’re basically the same as all the other provinces.”
- Published in Blog
Welcome to Investing 101
Welcome to Investing 101
A simple guide for new investors from seasoned veterans on how to approach the market.
Do you have the stomach to be a stock investor?
By Kate Stalter
There are plenty of decisions to make when allocating your investment portfolio, but one of the first should be whether to buy individual stocks or mutual funds. Fund proponents cite diversification as a key benefit. With a fund, or multiple funds representing different asset classes, risk is spread among a range of securities. If one holding in a fund suffers a sharp decline, it’s offset by better performers.
On the other hand, proponents of holding single securities often like the idea of beating an index, or getting into a new or small company earlier than the crowd. Other times, stock investors like the story and prospects of a large, established company, such as Apple or Johnson & Johnson.
Some investment methodologies favor one approach over the other and have strict rules about portfolio construction. However, in practice, many portfolios contain a mix of funds and individual securities. How should individual investors decide whether to choose stocks or funds, and, if using both, how should they allocate? Professional asset managers recommend specific strategies for determining portfolio allocations. They emphasize that investors must tailor their strategies to match risk tolerance and time available for stock research.
Elyse Foster, founding principal of Harbor Financial Group in Boulder, Colorado, constructs client portfolios using mutual funds and individual securities. Her investments are selected with an eye toward how well the pieces of the puzzle fit together. When choosing funds, she recommends investors understand which areas of the market and which asset classes to include. Those choices depend on factors such as investing objective and risk tolerance.
Foster uses a combination of actively managed and index funds to achieve the desired balance, and evaluates funds using yardsticks such as expenses, management team and performance. Her portfolios also include around eight to 10 individual stocks, selected with a buy-and-hold strategy in mind. “Our criteria are that they be primarily market dominators — companies with wide moats and good, consistent, long-term management. We separate them over sectors. We might have a tech pick, a health care pick and then picks from other sectors,” she says.
Foster cautions that investors need a plan for buying and selling individual stocks. “You have to do proper research before your purchase, and you have to have a purchase methodology and a selling methodology before going in,” Foster says. “For example, you might say, ‘I’m going to sell this position when it doubles in value.’ Or use the Warren Buffett methodology, which is: The best time to sell a stock is never.”
Ramesh Gulati, founder and chief investment officer at Gulati Asset Management in Vero Beach, Florida, says for many investors, the decision to sell a stock can be more difficult than the decision to buy. “People get married to an individual stock much more easily than with a mutual fund or exchange-traded fund,” he says. “A lot of times, with funds and ETFs, selling is only done when the money is needed. With individual stocks, you have to be more savvy and understand when to cut your losses or when to say, ‘I’m not going to be too greedy. I’m going to take my profits and move on to another stock.'”
Gulati, who uses a mix of indexed ETFs and individual stocks, says investors inclined toward single stocks should begin with an allocation of 75 percent to 80 percent in ETFs. The remainder can be put into in stocks. “Invest in five different companies from five different sectors that you think are the best — things that you use and would enjoy following and keeping up to date with,” he says.
From there, Gulati recommends tracking the performance of the individual stocks against the performance of index funds. If the individual stocks are outperforming the indexes, gradually shift more money away from ETFs and into single stocks. “During that time, you’re also educating yourself and getting more comfortable and confident in choosing the individual stocks,” he says.
Gabriel Wisdom, founder and managing director of American Money Management in Rancho Santa Fe, California, wrote a book on single-stock investing, “Wisdom on Value Investing: How to Profit on Fallen Angels.” However, that doesn’t mean he advocates for investing in individual stocks in every situation. “You use mutual funds when it’s just too difficult to select the stocks that are on sale, that would be attractive, and should be rewarding over time,” he says.
In particular, he cites the example of emerging markets. Not only can it be challenging for U.S. investors to properly research emerging market equities, but those stocks are often not available domestically outside of a fund. “There are times when emerging markets are extraordinary opportunities for people who have a reasonable time frame and are willing to wait two or three years,” he says. “China was on sale a couple of years ago, and last year it was one of the best-performing emerging markets. But which Chinese companies do you select? A mutual fund manager who understands that market would be worth paying for.”
Russia, where stocks are currently beaten down, is another example of a country where American investors may find opportunity, Wisdom says. Again, he recommends investing in a mutual fund or ETF rather than trying to cherry-pick companies unfamiliar to most Americans. When it comes to selecting individual equities, Wisdom’s fallen-angel approach zeros in on companies that are out of favor for various reasons. “‘Fallen angels’ is an old Wall Street term to describe stocks or bonds that have fallen from grace,” he explains.
This fall can occur because of normal business and economic cycles that cause stocks to drop across the board. Another reason would be a company-specific misstep that causes a stock-price decline. Finally, stocks may be deemed “fallen angels” after a marketwide panic, such as in 2008.
Wisdom, who is a private pilot, suggests using a checklist to verify whether a stock meets certain purchase criteria. “Every pilot has to use a checklist. There’s nowhere to pull over in the sky,” he says.
The investor’s checklist should consist of fundamental factors, such as the return on equity, profitability and debt levels. It should also include valuation metrics, such as price-to-earnings and price-to-sales ratios. “It’s not easy for an individual investor to know when a stock is cheap or when it’s expensive just based on share price,” Wisdom says. “A company selling at $100 per share can be very cheap, and a company selling for $10 a share can be very expensive. It’s all based on things such as revenue, earnings and market capitalization.”
Elyse Foster also emphasizes the need to research investments thoroughly, and adds that not everyone is suited to buying single stocks. “Individual investors need to know themselves, and know whether they’re interested in doing this research and monitoring, and whether they have the time. A really busy person may not have time to do this research,” she says. “But if you have a proclivity for it, if it’s fun and interesting for you, you can do well with individual stocks.”
Source: Yahoo Finance
- Published in Blog
TSX Composite is up 200 points as Bank of Canada cuts Interest Rates
By Josh Falle
Anybody wondering why the S&P/TSX Composite Index just jumped 200 points?
Bank of Canada, in a move last night cut interest rates. A sharp drop in oil prices has forced the Bank of Canada to cut its target overnight rate by 0.25{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, bringing interest rates to new historic lows of 0.75{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. The BoC added its bank rate is at 1.00{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and its deposit rate is 0.50{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}.
Many analysts predicted for them to hold current rates, but as 2015 revs up, it is proving to be a new kind of monster.
“The large decline in oil prices will weigh significantly on the Canadian economy,” the Bank of Canada said in its quarterly monetary policy report, which it also released Wednesday.
- Published in Blog
Organigram Provides Shareholder Update
OrganiGram Holdings Inc. (ACB:CSE) has provided an update to shareholders while reviewing milestones of 2014 and looking at the growth and goals of 2015.
Since the inception of OrganiGram in April, 2014, the company has been growing and developing at a very fast pace. Through this growth, there have been some tremendous achievements, which include receiving its organic certification, producing its first crops, listing of shares on the TSX Venture Exchange and completing three phases of construction. OrganiGram is excited to capitalize on these achievements and execute on the business plan.
Moving forward, the company’s shareholders, patients and partners will begin to see the results from the foundation laid in 2014. To date, the company has been extremely focused on expanding the production facility while, at the same time, working to increase production levels. These efforts will begin to provide significant product to the market in March of this year. Thereafter, the utilization of the company’s existing rooms and rooms under construction will ensure that OrganiGram is poised to meet its financial goals in 2015.
OrganiGram would like to take this opportunity to congratulate Trauma Healing Centers on the opening of its first clinic, in Halifax, N.S. OrganiGram is proud to be partnered with Trauma Healing Centers on research initiatives to assist veterans and others suffering with posttraumatic stress disorder (PTSD).
OrganiGram’s chief executive officer, Denis Arsenault, states: “Over the past few months, OrganiGram has moved into a best-in-class manufacturing facility. Our processes and systems have been developed to a point where we produce high-quality products, in an organic form, which has and will continue to exceed the requirements of our clients. While we continue to evolve and improve, our facility will begin to supply the market with an established source of product on a consistent basis. We have a superior management team in place that is not only focused on supply but also quality, efficiency and product development. The results of our efforts will not only be very profitable for the company and shareholders but most importantly will provide a rapidly increasing client base with a medicinal product that assists in a much-improved quality of life for many. The developments of the next few weeks and months will be both exciting and fruitful for our company.”
We seek Safe Harbor.
- Published in Blog