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BAI Communications: Technology Driving Connected Transport Network, Foundation for Smart Cities

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  • Smart cities using digital intelligence stand to improve quality of
    life, making happier and more productive citizens
  • Connected transport networks create city-wide networks that enable
    greater efficiency, safer commuter experiences and broader smart city
    applications

SYDNEY–(BUSINESS WIRE)–BAI Communications, a global leader in communications infrastructure,
today published the results of its global survey, ‘The Continuous
Connectivity Research Report
to understand how a digitally
connected public transport system can impact citizens lives and
expectations around a city.

The research study, which surveyed over 2,500 rail commuters in five
global cities, revealed that transport systems already play a vital role
in creating smart, world-class cities, with 83% of respondents stating
that innovative transport systems are a feature of a smart city and
almost half (45%) believe a city can’t be considered world-class unless
it has good digital connectivity.

“Everyday tens of millions of people worldwide use public transport;
this critical infrastructure is the backbone of cities and more than
ever citizens are expecting digital innovations that improve their
commute. Digital connectivity is changing our ideas of what makes a city
‘world class’ and regardless of where they are in the world, people want
to live in a city that allows them to work and live better, and
technology is emerging as a key enabler to help citizens reach this
aspiration,” said James Woodhams, Chief Strategy Officer, BAI
Communications.

“The modern commuter isn’t just looking to get from A to B, they are
expecting more from transport networks and want technology to enrich
their journeys. A smart-city commuter will use digital connectivity to
work smarter, live better and reduce stress to create more mindful
trips.”

Continuous connectivity on the public transport system can deliver
significant gains in productivity and liveability, as city dwellers are
able to work more effectively on their commute journeys. Respondents
stated that they could use their travel time to complete work so they
spent less hours in an office (56%), offer the potential for career
improvement (46%) and they would be open to location and housing changes
(45%).

“Imagine the commute experience of a citizen choosing to live in the
outer suburbs but still working in the city. On any given day, they can
stream a video tutorial on the morning commute while downloading a
presentation. Then, they can leave the office early to take a conference
call on the train so they’re home for dinner, arriving relaxed and
happy; this is all made possible with a connected public transport
network,” said Mr Woodhams.

“As we look to improve services and create modern, data-driven cities
that enrich the lives of citizens, seamless digital connectivity is the
foundation needed to achieve this goal.”

Connected transport systems create city-wide networks that enable
greater efficiency, safer commuter experiences and broader smart city
applications. Commuter expectations of their rail network are
increasing, and many of these expectations require continuous
connectivity to enable innovative technology solutions. These
applications include sensors, Machine2Machine learning, Big Data, cloud
computing or other emerging technologies and we are already seeing how
this approach can deliver connected, data-driven transport systems to
unlock new value for both operators and passengers.

Other notable findings from the study included:

Innovative transport systems are a defining feature of smart,
world-class cities

  • 99% of rail users expect public transport to do more than just get
    them from A to B.
  • 81% of users believe advances in transport-related technology is
    already increasing their use, or changing the way they use public
    transport.
  • 83% of rail users think innovative transport systems are features of a
    smart city.

Commuters require continuous connectivity to realise the benefits of
living in a smart city

  • 95% of rail users would be more likely to use rail if it deployed
    technology-driven solutions.
  • 94% of rail users believe all rail networks should offer digital
    connectivity.

Continuous connectivity transforms cities, helping citizens to be
happier and more productive, and organisations to innovate and prosper

  • 96% of rail users believe transport innovation is an important part of
    modern cities.
  • 92% of commuters would benefit if they could better enjoy their
    journey if the rail network of the future evolved.
  • 73% of rail users say their ideal rail journey would encompass
    logistical improvements.

Mobility Futures Consultant and Transportation Researcher, Adam Cohen
believes that urban transportation is on the verge of rapid
transformation and the convergence of shared mobility, electrification,
and automation will transform how people travel and how cities are built.

“What is clear is that public transportation, cities, and society are on
the cusp of changing rapidly and dramatically as advancements in
mobility technology converge in the marketplace,” said Adam.

“Travellers are leveraging mobile devices and data to make real-time
choices based on factors such as convenience, connection, cost, travel
time, and wait time. They are part of the experience economy’,
they don’t need to take public transportation and agencies need to look
at technology solutions to make travellers want to. Technology can
improve the effectiveness of public transportation by enabling
transportation providers to know their riders’ preferences while
simultaneously enhancing rider convenience.”

For more information and to download the BAI Continuous Connectivity
Research whitepaper, click here.

About BAI Communications

BAI Communications designs, builds and operates communications
infrastructure – cellular, Wi-Fi, broadcast, radio and IP networks –
connecting communities around the world. With a heritage of over 90
years, BAI creates networks that unlock new services and revenue streams
for our customers, enabling them to deliver better connected and
enhanced experiences for people, communities and economies, every day.

With operations in Australia, Canada, Europe, Hong Kong and the USA, BAI
also owns Broadcast
Australia
and has a majority stake in Transit
Wireless
(New York).

Contacts

Media
Min Chow
E [email protected]
T
+61 3 9604 2753


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Cannabis

Cannabis Capsule Global Analysis Report 2024: Market to Reach $79.2 Billion in 2028 – Forecast to 2033 Featuring GW Pharmaceuticals, Trulieve Cannabis, Green Thumb Industries, Tilray, Columbia Care

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Innocan

Innocan Pharma Initiates FDA Approval Process for Liposome Injection Therapy for Chronic Pain

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With its submission of a Pre-IND Meeting Request Letter, Innocan initiates the regulatory process with the U.S. Food and Drug Administration (FDA) for the approval of its prolonged CBD release technology for human use

HERZLIYA, Israel and CALGARY, AB, April 22, 2024 /PRNewswire/ — Innocan Pharma Corporation (CSE: INNO) (FSE: IP4) (OTCQB: INNPF) (“Innocan” or the “Company”), is pleased to announce that is has reached a key milestone: the Company submitted its letter of application for a Pre-IND meeting, the first phase in the FDA approval process in the United States for Innocan’s Liposome-Cannabidiol (LPT-CBD) injectable treatment of chronic pain.

With the global market for pain therapeutics widely expected to exceed US$100 billion by 2032[1], LPT therapy which requires only one single monthly subcutaneous injection, is positioned as a highly attractive alternative to opioid-based approaches. Opioids have and continue to take a significant human toll in recent years, with more than three-quarters of drug overdose deaths in the United States involving opioids, according to the United States Center for Disease Control and Prevention[2].

Innocan’s therapy has shown consistent efficacy in multiple pre-clinical trials in recent years of it’s LPT-CBD injectable treatment through prolonged and controlled release of CBD in animals with chronic pain conditions. Innocan’s Pre-IND Meeting Request Letter to the FDA is a key milestone and important first step in seeking approval of its LPT-CBD therapy for use in humans. At the Pre-IND meeting, the objective will be to obtain guidance from the FDA on the preclinical and clinical development plan, enabling the initiation of an Investigational New Drug (IND) program in the United States.

Iris Bincovich, CEO of Innocan, commented: “We are extremely excited to embark on this next stage in the development of LPT-CBD injectables, this is a major Milestone for Innocan Pharma. We have invested significant effort and many thousands of person-hours in its research and development, accumulating a wealth of preclinical data that will serve as the foundation for our participation in the FDA process. This is a key milestone for Innocan and marks our first step towards the FDA’s recognition of our technology. We see significant potential for our therapy, with an addressable market for pain management therapeutics expected to exceed US $100 billion by 2032, and we look forward to tapping that.

Dr. Joseph Pergolizzi, Innocan’s FDA Advisory Board Member, added:

“We have worked hard to catalogue the data collected as part of our animal LPT therapy testing program and prepare it for the FDA. We look forward to working under FDA guidance, with the goal of completing the review process as quickly and efficiently as possible. We believe that Innocan’s unique treatment method, if and when it should become FDA-approved has the potential of being a highly valuable non-opioid addition in the medical arsenal of the management of chronic pain.”

About Innocan

Innocan is a pharmaceutical tech company that operates under two main segments: Pharmaceuticals and Consumer Wellness. In the Pharmaceuticals segment, Innocan focuses on developing innovative drug delivery platform technologies based on advanced cannabinoids science, to treat various conditions to improve patients’ quality of life. This segment involves two drug delivery technologies: (i) LPT CBD- loaded liposome platform facilitating exact dosing and the prolonged and controlled release of CBD into the blood stream. The LPT delivery platform research is in the preclinical trial phase for: Pain Management. In the Consumer Wellness segment, Innocan develops and markets a wide portfolio of innovative and high-performance self-care products to promote a healthier lifestyle. Under this segment, Innocan has established a joint venture by the name of BI Sky Global Ltd. that focuses on advanced targeted online sales. https://innocanpharma.com/

For further information, please contact:

For Innocan Pharma Corporation:
Iris Bincovich, CEO

+1-516-210-4025

+972-54-3012842

+442037699377
[email protected]

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary note regarding forward-looking information

Certain information set forth in this news release, including, without limitation, information regarding research and development, collaborations, the filing of potential applications with the FDA and other regulatory authorities, the potential achievement of future regulatory milestones, the potential for treatment of conditions and other therapeutic effects resulting from research activities and/or the Company’s products, requisite regulatory approvals and the timing for market entry, is forward-looking information within the meaning of applicable securities laws. By its nature, forward-looking information is subject to numerous risks and uncertainties, some of which are beyond Innocan’s control. The forward-looking information contained in this news release is based on certain key expectations and assumptions made by Innocan, including expectations and assumptions concerning the anticipated benefits of the products, satisfaction of regulatory requirements in various jurisdictions and satisfactory completion of requisite production and distribution arrangements.

Forward-looking information is subject to various risks and uncertainties which could cause actual results and experience to differ materially from the anticipated results or expectations expressed in this news release. The key risks and uncertainties include but are not limited to: general global and local (national) economic, market and business conditions; governmental and regulatory requirements and actions by governmental authorities; and relationships with suppliers, manufacturers, customers, business partners and competitors. There are also risks that are inherent in the nature of product distribution, including import / export matters and the failure to obtain any required regulatory and other approvals (or to do so in a timely manner) and availability in each market of product inputs and finished products. The anticipated timeline for entry to markets may change for a number of reasons, including the inability to secure necessary regulatory requirements, or the need for additional time to conclude and/or satisfy the manufacturing and distribution arrangements. As a result of the foregoing, readers should not place undue reliance on the forward-looking information contained in this news release concerning the timing of launch of product distribution. A comprehensive discussion of other risks that impact Innocan can also be found in Innocan’s public reports and filings which are available under Innocan’s profile at www.sedar.com.

Readers are cautioned that undue reliance should not be placed on forward-looking information as actual results may vary materially from the forward-looking information. Innocan does not undertake to update, correct or revise any forward looking information as a result of any new information, future events or otherwise, except as may be required by applicable law.

[1] https://www.gminsights.com/industry-analysis/pain-management-drugs-market

[2] https://www.cdc.gov/opioids/data/index.html

Logo – https://mma.prnewswire.com/media/2046271/3968398/Innocan_Pharma_Corporation_Logo.jpg

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Curaleaf

Curaleaf Completes Acquisition of Northern Green Canada

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Bolsters Company’s Advantage in Several Key Emerging Markets, including Australia, New Zealand, Germany, Poland and the United Kingdom

NEW YORK, April 22, 2024 /PRNewswire/ — Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) (“Curaleaf” or the “Company”), a leading international provider of consumer cannabis products, announced today the closing of its acquisition of Northern Green Canada (“NGC”), a vertically integrated Canadian licensed cannabis producer focused primarily on expanding in the international market through its EU-GMP certification. The accretive acquisition amplifies the Company’s strategic advantage in established European markets including Germany, Poland and the United Kingdom and provides a foothold in the emerging markets of Australia and New Zealand.

Integrating NGC’s international operation will equip Curaleaf with a secure and consistent high quality, non-irradiated, indoor EU-GMP flower supply, essential to maintaining its leading positions in Germany, the United Kingdom and Poland.

“We are thrilled to welcome NGC formally to the Curaleaf family of global brands,” said Boris Jordan, Founder and Executive Chairman of Curaleaf. “This is an incredibly important deal for our international expansion strategy, as we’ll be able to bolster our supply of high quality EU-GMP certified flower immediately to key European markets as well as enter the fast-growing markets of Australia and New Zealand.”

The global cannabis market is projected to generate $55 billion in sales by 2027. Emerging markets beyond the United States and Canada, including Germany, Australia and New Zealand are expected to contribute $6.3 billion of the $55 billion projection.

Terms of the acquisition of NGC include an initial payment at closing of the Company’s Subordinate Voting Shares valued at approximately US $16 million, subject to a typical post-closing adjustment. An earnout may also be paid in 2025 based upon 2024 performance of NGC’s operations, up to 50% of which will be cash and the rest paid in additional Subordinate Voting Shares. The issuance of Subordinate Voting Shares in connection with the acquisition of NGC has been conditionally approved by the Toronto Stock Exchange, subject to fulfilling customary listing conditions.

About Curaleaf Holdings
Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) (“Curaleaf”) is a leading international provider of consumer products in cannabis with a mission to enhance lives by cultivating, sharing and celebrating the power of the plant. As a high-growth cannabis company known for quality, expertise and reliability, the Company and its brands, including Curaleaf, Select, Grassroots, JAMS, Find and Zero Proof provide industry-leading service, product selection and accessibility across the medical and adult use markets. Curaleaf International is the largest vertically integrated cannabis company in Europe with a unique supply and distribution network throughout the European market, bringing together pioneering science and research with cutting-edge cultivation, extraction and production. Curaleaf is listed on the Toronto Stock Exchange under the symbol CURA and trades on the OTCQX market under the symbol CURLF. For more information, please visit https://ir.curaleaf.com.

Forward Looking Statements
This media advisory contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward–looking statements or information. Generally, forward-looking statements and information may be identified by the use of forward-looking terminology such as “plans”, “expects” or, “proposed”, “is expected”, “intends”, “anticipates”, or “believes”, or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. More particularly and without limitation, this news release contains forward-looking statements and information concerning the expected benefits of the acquisition of NGC, and the Company’s planned expansion on internal markets, the Company’s anticipated strategic advantages in European markets and emerging markets, the integration of NGC’s internal operations, the anticipated global cannabis market, and the listing of shares issuable in connection with the acquisition on the Toronto Stock Exchange. Such forward-looking statements and information reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company with respect to the matters described in this new release, including the Company’s ability to successfully realize the expected benefits of the acquisition, and the Company’s ability to fulfil the listing conditions imposed by the Toronto Stock Exchange. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including the failure to realize the expected benefits of the acquisition, or the Company’s failure to fulfil the listing conditions imposed by the Toronto Stock Exchange. Additional information about these assumptions and risks and uncertainties is contained under “Risk Factors and Uncertainties” in the Company’s latest annual information form filed on March 6, 2024, which is available under the Company’s SEDAR profile at http://www.sedar.com, and in other filings that the Company has made and may make with applicable securities authorities in the future. Forward-looking statements contained herein are made only as to the date of this press release and we undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release. The Toronto Stock Exchange has not reviewed, approved or disapproved the content of this news release.

INVESTOR CONTACT
Curaleaf Holdings, Inc.
Camilo Lyon, Chief Investment Officer
[email protected]

MEDIA CONTACT
Curaleaf Holdings, Inc.
Tracy Brady, SVP Corporate Communications
[email protected]

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