National cannabis company Trulieve Cannabis Corp. (“Trulieve” or the “Company“) (CSE: TRUL) announced that it has filed a (final) short form base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada, other than the Province of Quebec.
The shelf prospectus is valid for a 25-month period, during which time Trulieve and certain of its security holders may qualify the distribution by way of prospectus in Canada of up to $250 million of subordinate voting shares, debt securities, warrants, subscription receipts, units, or any combination thereof of the Company from time to time, separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of the offering. The specific terms of any future offering will be established in a prospectus supplement to the shelf prospectus, which supplement will be filed with the applicable Canadian securities regulatory authorities. Unless otherwise specified in the prospectus supplement relating to a particular offering of securities, the net proceeds from any sale of any securities may be used by Trulieve for general corporate purposes, including funding ongoing operations and/or working capital requirements, to repay indebtedness outstanding from time to time, for capital projects and potential future acquisitions. The Company will not receive any proceeds from any sale of any Securities by the selling securityholders.
SOURCE Trulieve Cannabis Corp.
Phivida Announces the Launch of Wikala’s Private Beta for Its eCommerce Platform
Phivida Holdings Inc. (CSE: VIDA OTCQX: PHVAF) (“Phivida” or the “Company”) announces the private beta launch of the Wikala eCommerce platform, featuring cannabis accessories from reputable manufacturers.
“The interest in the private beta release has been phenomenal so far and we look forward to working closely with our customers and creating the most trusted cannabis online marketplace in this industry,” says David Moon, CEO of Wikala. “We’ve been working at maximum pace to get to this stage, and it’s encouraging to think that this is only the beginning of where Wikala and Phivida can go.”
Wikala is a stand-alone eCommerce platform that is set to become the first website in the global cannabis and hemp-CBD space to offer independent sellers’ personal storefronts where they can list their goods within an existing marketplace. The private beta signup is still open and the platform will be available for use for a select number of beta users, based on their geography, for the next 55 days. During that time, the Wikala team will monitor user feedback and prepare the software for the next release.
The core features included in the private beta release are a fraction of the company’s ultimate vision, however, they are a necessary first step and include all of the basic features of an eCommerce website, including a product comparison tool that is yet to be seen in the cannabis market.
“The potential of Wikala is in its modularity and the fact that we can develop new creative features quickly and without having to rely on third party software,” continued Mr. Moon. “This allows us to use the Open Beta release to set the stage for the next milestone, which is to open the sellers’ portal and allow individual businesses to open their stores on Wikala.”
Wikala’s next milestone is the public release of the platform, expected on July 15, 2019, which will feature a refurbished design for mobile devices, a coupon system for discounts, advanced smart search and various additional functionalities that provide a glitch-free user experience from shopping to product delivery. The July 15 public launch is expected to be the platform’s Open Beta.
SOURCE Phivida Holdings Inc.
Flower One Upgraded to the OTCQX Best Market in the U.S.
Flower One Holdings Inc. (the “Company“) (CSE: FONE) (OTCQX: FLOOF), a leading cannabis cultivator, producer and innovator in Nevada, is pleased to announce that its common shares are now trading on the OTCQX® Best Market under the symbol “FLOOF”, having graduated from the OTCQB® Venture Market.
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com. Flower One’s common shares continue to trade on its primary exchange, the Canadian Securities Exchange, under the symbol “FONE”.
“Graduating to the OTCQX Market is yet another milestone achieved as we continue to execute our focused growth plan in Nevada,” said Ken Villazor, President and CEO of Flower One. “Our continued success in executing our plan has led to increasing capital market interest in our unique business model, our corporate vision and our future in the U.S. cannabis market. We have witnessed increased U.S. trading volumes since we began trading on the OTCQB® Venture Market, so upgrading today to the OTCQX is a welcome progression offering our shareholders increased cross-border liquidity as well as further increasing our visibility and shareholder exposure in the United States.”
The OTCQX Best Market is OTC Markets Group’s premier market for established, investor-focused U.S. and international companies. To be eligible, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with relevant U.S. securities laws, be current in their disclosure, and have an introduction from a professional third-party sponsor.
“We are pleased to welcome Flower One Holdings to the OTCQX Best Market,” said Jason Paltrowitz, EVP of Corporate Services at OTC Markets Group. “Cross-trading on the OTCQX Market will provide Flower One, a constituent of the Canadian Securities Exchange’s CSE25 Index, with more efficient access to research and trading among U.S. investors.”
“The Canadian Securities Exchange congratulates Flower One on their graduation from the OTCQB Market to the OTCQX Market,” said Richard Carleton, CEO of the CSE. “Canadian issuers taking advantage of the opportunities afforded by the OTC Markets Group can see a reduction in their cost of capital through increased U.S. liquidity.”
SOURCE Flower One Holdings Inc.
HelloMD Now Offers THC Cannabis Delivery to West Los Angeles
HelloMD—the world’s largest online platform of cannabis patients, doctors and consumers—today announced delivery of THC-infused products to Los Angeles customers as part of a state-wide roll-out. Residents of the greater San Francisco Bay Area are already able to receive THC products from HelloMD’s large menu of vetted providers within two hours of ordering. Now Angelenos will have that opportunity, too.
“We’re excited to welcome Los Angeles to our distribution base,” says HelloMD co-founder Pamela Hadfield. “Our platform is special because we have a membership opportunity that allows for a 20% discount on purchases, a free educational consult with a cannabis-savvy doctor and no-cost shipping on orders $50 and better. Being able to directly serve L.A. members within two hours of ordering and meet their needs for medicinal and recreational products in real time is a milestone we’ve been striving for.”
Founded in 2014, HelloMD is the world’s largest online wellness-oriented cannabis community as well as the nation’s first and only digital platform to provide HIPPA-compliant video chats between cannabis doctors and patients in every state.
HelloMD’s digital healthcare platform offers today’s cannabis patients a full turnkey experience. Cannabis consumers can consult with a doctor via real-time video, obtain answers to questions from a network of doctors and experts, explore the most up-to-date research and studies available, and purchase the highest quality cannabis and hemp-derived CBD products on the market.
The HelloMD marketplace ships hemp-derived CBD products nationwide and to Canada. It has delivered same-day THC products to patients in Northern California since 2018. Los Angeles delivery launched last week in the city’s western region and will expand to cover the metropolitan area from there.
There’s certainly demand. According to an April 2019 study conducted by BDS Analytics, two-thirds of Californian adults are already cannabis users or identify as “acceptors” who would consider consuming cannabis within the next 12 months. Product delivery is key in all consumer industries today and cannabis is no different.
“We’re delighted to be able to meet our adult customers and deliver products they trust directly to them, wherever they are,” says Hadfield. “Dispensary experiences can be fun, but once you know what products work for you, it’s more convenient to simply have them sent when you need them.”
To schedule an online video consultation with a HelloMD doctor, learn about the many medicinal benefits of cannabis and CBD, or to purchase a HelloMD partner product, visit HelloMD.com. The doctor will see you now.
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