Viacom Expands Digital Footprint at 2019 NewFront
Viacom’s Flagship Brands Join Pluto TV’s Channel Lineup on May 1
Viacom Digital Studios to Produce Premium Original Series Across
Awesomeness, BET, Comedy Central, MTV and Nickelodeon for Facebook,
Snap, Twitter, YouTube, Hulu and Netflix
VidCon Celebrates 10th Anniversary with New Partnerships and All-Star
Line-up of Featured Creators
Special Appearances by David Spade, Annie LeBlanc, Jayden Bartels, Marc
Lamont Hill, Eva Gutowski, Brent Rivera, Nala Cat and more…
*Click HERE
for art
NEW YORK–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24VIAB&src=ctag” target=”_blank”gt;$VIABlt;/agt; lt;a href=”https://twitter.com/hashtag/ViacomNewFront?src=hash” target=”_blank”gt;#ViacomNewFrontlt;/agt;–Viacom Inc. (NASDAQ: VIAB, VIA), home to the world’s premiere
entertainment brands, today announced the introduction of Viacom’s
flagship networks to Pluto TV’s channel lineup and a new slate of
original digital programming during its second-annual NewFront event at
the PlayStation Theater.
“We’re excited to return to the NewFronts after a year of rapid digital
acceleration and momentum across the leading social and online video
platforms,” said Kelly Day, President of Viacom Digital Studios. “Our
remarkable growth continues to be driven by an investment in premium
original programming and experiences that engage our young, diverse
audiences on the platforms they love most, presenting an unprecedented
opportunity for our advertising partners to join the conversation.”
Viacom Digital Studios shared its plans to produce new and returning
original series around major tentpole events, linear franchises and the
most popular digital shows from Awesomeness, BET, Comedy Central, MTV
and Nickelodeon. Viacom is also teaming up with big-name stars and
fan-favorite digital talent to deliver entirely new programming across
Facebook, Snap, Twitter and YouTube for Viacom’s more than 880 million
fans — the largest social footprint among entertainment companies.
The new content slate includes: “How to Survive: A Break-Up,” Eva
Gutowski stars in this AwesomenessTV scripted romantic comedy series
about the heartbreaking, and sometimes hilarious, steps to getting over
a messy break-up and maybe finding new love along the way; “Black
Coffee,” BET’s daily morning talk show starring Marc Lamont Hill
that catches up with Black Twitter’s liveliest conversations and
features news-making interviews with top celebrities, athletes, and
social media stars; untitled late-night show from David Spade, Comedy
Central’s new late-night show hosted by David Spade will launch
show channels and publish content across YouTube, Facebook, Instagram
and Twitter; “MTV No Filter: Tana Turns 21,” follows Tana
Mongeau and her crazy crew for a behind-the-scenes look as they navigate
vlog life, studio time, partying and the occasional controversy; “SpongeBob
Smarty Pants Game Show,” a digital game show from Nickelodeon where
two SpongeBob superfans compete to win The Golden Pineapple by answering
trivia questions, completing messy stunts and competing in
SpongeBob-themed games.
Viacom also announced that its flagship networks will launch on Pluto
TV, the leading free streaming television service in the U.S. with more
than 15 million monthly active users. BET, Comedy Central, MTV and
Nickelodeon will debut channels on May 1, with content from Viacom’s
extensive library of iconic IP through three categories of branded
channels: Co-Branded Flagship Channels that are curated versions of
Viacom’s leading networks; Signature Channels with the most celebrated
and diversified programming from each brand; and Pop-Up Channels that
deliver binge-worthy series in marathon-style airings, starting with
MTV’s “The Hills” — just in time for the highly anticipated revival
series “The Hills: New Beginnings” premiering Monday, June 24.
“We are thrilled to expand the Pluto TV offering with the addition of
Viacom’s world-class channel brands and iconic programming. This is a
major step forward in our mission of entertaining the planet,” states
Tom Ryan, CEO & Co-Founder of Pluto TV. “Viacom has been entertaining
audiences for decades with evergreen content that is bold, daring and
inspires worldwide fandom. These channels are guaranteed to provide
endless entertainment to both new and existing Pluto TV viewers.”
VidCon will welcome 75,000 attendees at its 10th anniversary flagship
event in Anaheim, California this July. In partnership with the IAB,
VidCon announced the addition of The Direct Brand Summit at VidCon, an
Industry Track programming block that will explore how direct brands are
using the power of online video to build relationships with consumers.
Additionally, an all-star lineup of featured creators will be joining
the celebration, including Annie LeBlanc, Simmi Singh, Rhett and Link,
Tessa Violet, The Bramfam and more.
Since the launch of Viacom Digital Studios, Viacom brands have seen
year-over-year domestic increases in social video views and watch time
by 83% and 119%, respectively, with a global average of 4 billion views
and over 6 billion minutes watched each month.
“We have made incredible strides over the past year due to our
acquisitions and expansion to grow our digital reach significantly to
the direct benefit of our advertising partners,” said Sean Moran, Head
of Ad Solutions, Viacom. “With more touch points than ever before, we
look forward to leveraging the full scale and power of Viacom to help
our clients create real, authentic connections with our highly coveted
and hard-to-reach young audiences wherever they are.”
With the addition of Pluto TV, Viacom’s digital video impressions will
grow to 5 billion impressions per month by next year.
Additional announcements included the following across Awesomeness, BET,
Comedy Central, MTV, Nickelodeon, Pluto TV and VidCon.
Pluto TV to Add All-New Viacom Brand Channels to its Offering
Beginning May 1, Viacom will premiere new channels from its flagship
brands and library of iconic IP for Pluto TV:
-
Co-Branded Flagship Channels:
Specially curated versions of Viacom’s most iconic networks.-
BET Pluto TV: Kick back and enjoy the best of Black
Hollywood through all of your favorite urban movies! Featuring
hundreds of hours of classic films and box office hits, this
channel is guaranteed to have everything you’ve been waiting for
in one place. Grab a snack and get comfortable. You’re going to be
stuck here for a while. -
Comedy Central Pluto TV: Comedy Central Pluto TV is the
destination for the best in iconic original comedy series, late
night, sketch, animation and a whole lot more. It features
specials from “The Daily Show with Trevor Noah” and a nonstop
stash of classic episodes of “Tosh.0,” “Another Period,” “Ugly
Americans,” among plenty of others. In short, if you’re looking
for something funny, we have good news: you just found it. -
MTV Pluto TV: Looking to escape the everyday? Get your
party started and take a dive into the most iconic reality and
dating shows that only MTV can deliver, including hits like “16 &
Pregnant,” “MTV Cribs,” “Are You the One?” and “Punk’d.” You want
your MTV Pluto! -
Nick Pluto TV: Welcome to Nick Pluto TV where you can watch
your favorite classic shows from “All That,” “Teenage Mutant Ninja
Turtles,” “The Fairly Odd Parents,” “iCarly” and more! It’s all on
Nick Pluto TV. -
Nick Jr. Pluto TV: Welcome to Nick Jr. Pluto TV where
you’ll find your preschooler’s favorite friends from classic
“Blue’s Clues,” “Dora the Explorer,” “Wallykazam” and many more
hit Nick Jr. Pluto TV shows. -
Spike Pluto TV: The first network for men is on Pluto TV!
Spike features series like “Duck Dynasty,” “Pit Boss” and “Cajun
Pawn Stars,” starring people who play by their own set of rules.
It’s your one stop shop for bold, unapologetic entertainment.
-
BET Pluto TV: Kick back and enjoy the best of Black
-
Signature Channels: These channels
hone in on the most celebrated and differentiated programming from the
flagships – spinning them into dedicated, themed channels.-
CMT Westerns: Saddle up with CMT Westerns, the best place
to kick off your boots and find your favorite country movies. -
Comedy Central Stand-Up: Are you looking for groundbreaking
stand-up comedy? Well, you just hit the jackpot. Comedy Central is
the ultimate stand-up source, opening its iconic vault for Pluto
TV by featuring content from the world’s best comedians. Whether
you’re revisiting classic stand-up series from Dave Attell and
John Oliver or discovering early performances from John Mulaney
and Amy Schumer, Comedy Central Stand-Up is a gold mine of series
and specials that’ll keep you up all night laughing until your
parents, spouse or roommates beg you to turn it off. -
MTV Dating: Get cozy with some of the most buzzed about
reality dating show hits like “NEXT” and “Parental Control.” Do
the romantic hopefuls ever find true love? Maybe, maybe not — but
we sure don’t mind watching them try and try again! -
MTV Guy Code: Consider this your man cave, an escape to
catch favorite episodes of “Beavis & Butthead,” “MTV Guy Code,”
“Rob & Big” and “Rob Dyrdek’s Fantasy Factory.” -
MTV Teen: Is the one-stop shop for teen content, including
shows like “Made” and “My Super Sweet 16,” with an abundance of
OMGs, LOLs and cringe-worthy moments. -
Paramount Movie Channel: The most storied movie studio in
Hollywood is throwing open its gates with the Paramount Movie
Channel, featuring the greatest movies of the past century all in
one place, 24 hours a day. -
Spike Outdoors: The first network for outdoors-men! Spike
Outdoors goes all out with a full slate of shows featuring guys
making their living off the land. Man up with the modern day
adventurers in “Tougher in Alaska,” “River Monsters,” “Bering Sea
Gold” and more! If it’s high octane outdoor shows you crave,
journey no further than Spike Outdoors!
-
CMT Westerns: Saddle up with CMT Westerns, the best place
-
Pop-Up Channels: Channels present
binge-worthy series, in marathon-style airings.-
MTV’s The Hills: Just in time for the highly-anticipated
revival series, “The Hills: New Beginnings,” premiering on Monday,
June 24th, viewers can catch up on the series that changed the
reality TV landscape and look back at the most unforgettable and
iconic moments from the past seasons of “Laguna Beach” and “The
Hills.”
-
MTV’s The Hills: Just in time for the highly-anticipated
Viacom Digital Studios to Develop Even More Premium Original Series
In addition to bringing back many of its popular digital series for new
seasons and spinoffs, Viacom also announced new original programming and
talent partnerships on stage — including new Snap Originals made
exclusively for Snapchat and the first Viacom shows out of our
partnership with Facebook’s digital publisher and creator video
incubation program for Facebook Watch:
Awesomeness:
-
Brent Rivera’s Dream Vacation (AwesomenessTV YouTube Channel;
Summer 2019): Join Brent Rivera and his friends as they ditch the
LA grind for the vacation of a lifetime. -
How to Survive: A Break-Up (AwesomenessTV YouTube Channel; Summer
2019): YouTuber Eva Gutowski stars in this scripted romantic
comedy series about all the heartbreaking, and at times hilarious,
steps to getting over a messy break-up and maybe finding new love
along the way. -
Light as a Feather Season Two (Hulu; July 26 & Oct. 4, 2019): Having
inherited the curse brought on by the lethal game of “Light As A
Feather,” McKenna finds herself plagued by the mysterious chrysalis on
her back, a ticking clock compelling her to play a new round of the
game… But McKenna refuses, unwilling to put anyone else in harm’s way.
However, as the curse begins to destroy her from the inside out, she’s
forced to turn to the only person who can possibly help her — Violet.
BET:
-
Black Coffee (YouTube, Facebook Watch, Twitter, O&O Coming 2019):
Black Coffee is an original digital talk series starring Marc
Lamont Hill. This daily morning show promises to make sure viewers
“stay woke” by catching up with Black Twitter’s liveliest
conversations. Marc will be joined by guests representing some of this
generation’s most influential voices and the show will feature daily
Twitter exclusive discussions around some of social media’s trendiest
topics. These segments will provoke passionate conversations from
viewers on engaging and relevant topics. -
De’Arra & Ken’s Prank Show (Snap Original; Coming 2019): YouTube
stars De’Arra and Ken team up with couples who want to prank their
significant other, and challenge each other to see who can pull off
the same prank best. -
Two Grown (YouTube, Facebook Watch, O&O May 1, 2019): Two
twenty-something women recently move to New York and hilariously
struggle with growing up and pursuing their dreams. Jourdan Guyton and
Alana Johnson star in this smart comedy full of wit and charm.
Comedy Central:
-
Comedy Central Creators Program – Sydnee Washington (YouTube,
Facebook Watch, Twitter and Instagram; April 2019): The Comedy
Central Creators Program welcomes Sydnee Washington, whose humor and
takes on topics like vanity, bisexuality, and partying safely as a
woman are both unique and refreshing. -
untitled late-night show from David Spade (YouTube, Facebook Watch,
Twitter, Instagram, O&O Summer 2019): Our new late-night
series hosted by David Spade will be launching show channels and
publishing content across YouTube, Facebook, Instagram and Twitter. -
Gus Johnson Overall Talent Deal (YouTube; Summer 2019): Gus
Johnson has signed an overall deal with Viacom Digital Studios to
create monthly original videos for Comedy Central, in addition to more
episodes of his “Low Budget” series. He will also star in a number of
Comedy Central’s existing social series, including “That’s an App” and
“As Seen on CC.” -
Second Chances with Jason Nash (YouTube; Summer 2019): Forty-something
comedian and digital star, Jason Nash, takes a shot at all the life
experiences he missed out on in his youth. -
The Daily Show Digital Expansion (YouTube, Facebook Watch, Twitter,
Instagram, O&O April 2019): Viacom Digital Studios has
invested in the expansion of The Daily Show’s digital presence with
several new digital exclusive formats and series in development.
MTV:
-
3 Days With… (YouTube; Coming 2019): Told through our unique
MTV lens, this new docu-series will provide unfiltered access to both
up-and-coming and established artists. -
Drag My Dad (Facebook Watch; Summer 2019): Hosted by Bob the
Drag Queen, this makeover show with a heart showcases dads who choose
to get closer to their children by, believe it or not, turning
themselves into fabulous divas. -
MTV No Filter: Tana Turns 21 (YouTube; Summer 2019): The first
installment of MTV’s new “No Filter” reality series will follow social
media wild child Tana Mongeau and her crazy crew as they navigate vlog
life, studio time, partying and finally becoming adults. -
Next Big Dance Move (YouTube; July 2019): Three contestants
will perform what they think is the next big dance move in front of an
esteemed panel of judges. -
Wild ‘N Out (Twitch; Summer 2019): Since “Wild ’N Out” fans
love video games, we’re launching a dedicated Twitch channel for show
personalities to play alongside fans. -
Wrong Distance Relationship (Snap Original; June 4, 2019): “Wrong
Distance Relationship” is a docu-drama series following the evolution
of three couples around the country trying to keep their romance alive
in the most dire of circumstances.
Nickelodeon:
-
Annie vs. Hayley Season 2 (YouTube; Coming 2019): After their
LeBake Battle, your favorite competitive sisters are back for more.
Annie and Hayley LeBlanc will put their design and style skills to the
test in a series of DIY challenges in new episodes of Annie vs. Hayley. -
Jayden’s Dance Throwdown (YouTube; Coming 2019): Dancers from
every corner of the Internet are stepping up against Internet
sensation Jayden Bartels in a series of epic head-to-head dance-offs.
The challengers may be masters of their craft, but they’ll have to
adapt and overcome when Nickelodeon throws some serious curveballs
into their routines. Who will Nickelodeon fans crown the winner? Find
out on “Jayden’s Dance Throwdown.” -
JoJo and BowBow Show Show Season 2 (YouTube; Coming 2019): JoJo
Siwa & Bow Bow are back! Join this pair as they go on brand new
animated adventures with a pack of new pals and their furry friends. -
SpongeBob Smarty Pants Game Show (SpongeBob YouTube Channel,
Facebook; Coming 2019): “SpongeBob Smarty Pants” is a digital game
show where two SpongeBob superfans compete to win The Golden Pineapple
by answering trivia questions, completing messy stunts and competing
in SpongeBob-themed games! There will be special live episodes of the
show broadcast across Nickelodeon’s social accounts. -
Throw Back with Nickelodeon (Facebook Watch; Summer 2019): Digital
star Anthony Padilla sits down and waxes nostalgic with some of your
favorite Nick stars from the past.
VidCon Celebrates its 10th Anniversary
VidCon made a series of announcements ahead of the 10th anniversary of
VidCon US, taking place July 10-13 in Anaheim, CA:
-
Fan-Favorite Featured Creators: Some of the world’s top digital
talent are confirmed to participate at VidCon this summer as Featured
Creators, including Annie LeBlanc, Simmi Singh, Rhett and Link, Tessa
Violet, The Bramfam, Paula Galindo, Joana Ceddia, the Dobre Brothers,
and Sean Evans. -
Industry Track Partnership with the IAB: Announced as part of
the Industry Track, The Direct Brand Summit will take place on Friday,
July 12th. The summit will feature a keynote from IAB’s CEO Randall
Rothenberg and curated programming specific to building direct brands
in the online video space, with a special focus on core themes like
brand safety, compliance, working with digital talent and more. -
Community Track Partnership with The Dodo: VidCon is partnering
with The Dodo to bring the first ever co-branded programming section,
“The Dodo Pet Zone,” to the Community Track this July. The Dodo will
program sessions featuring the Internet’s most beloved pets, including
Manny the Frenchie, Nala Cat, Walter Geoffrey the Frenchie, Venus the
Two Face Cat and Norbert the Dog among others. Nala Cat also makes a
special guest appearance at the NewFront.
About Viacom
Viacom creates entertainment experiences that drive conversation and
culture around the world. Through television, film, digital media, live
events, merchandise and solutions, our brands connect with diverse,
young and young at heart audiences in more than 180 countries.
For more information on Viacom and its businesses, visit www.viacom.com.
Keep up with Viacom news by following us on Twitter (twitter.com/viacom),
Facebook (facebook.com/viacom)
and LinkedIn (linkedin.com/company/viacom).
Contacts
Viacom
Karen Shosfy
[email protected]
Viacom
Casey
Moynagh
[email protected]
Germany
IMC Germany Announces Outstanding Preliminary Q3, 2024 Performance with 50% Growth Over Q2
TORONTO and GLIL YAM, Israel, Oct. 2, 2024 /PRNewswire/ — IM Cannabis Corp. (CSE: IMCC) (NASDAQ: IMCC) (the “Company“, “IMCannabis“, or “IMC“), a leading medical cannabis company with operations in Israel and Germany, is pleased to announce that the preliminary sales results in Germany by its German subsidiary, Adjupharm GmbH (“IMC Germany“), for the third quarter of 2024 have significantly exceeded expectations, showing a remarkable 50% increase in revenue compared to the second quarter, where IMC Germany sold about CAD$ 3.5M. This outstanding growth demonstrates IMC Germany’s successful execution of its strategic initiatives and strong market demand for its products.
Since the partial legalization of cannabis in Germany came into effect in April 2024, the demand for cannabis products in pharmacies has increased significantly, emphasizing the importance of a robust, reliable supply chain.
“Since April 1st, one of our key objectives was to ensure a supply chain strong enough to meet the increase in demand. This preliminary 50% growth is testament, in part, to delivering on this objective,” said Oren Shuster, CEO of IMC. “We are thrilled with our Q3 performance, which not only surpassed our own targets but also highlights the dedication and hard work of our entire team.”
About IM Cannabis Corp.
IMC (Nasdaq: IMCC) (CSE: IMCC) is an international cannabis company that provides premium cannabis products to medical patients in Israel and Germany, two of the largest medical cannabis markets. The Company has focused its resources to achieve sustainable and profitable growth in its highest value markets, Israel and Germany. The Company leverages a transnational ecosystem powered by a unique data-driven approach and a globally sourced product supply chain. With an unwavering commitment to responsible growth and compliance with the strictest regulatory environments, the Company strives to amplify its commercial and brand power to become a global high-quality cannabis player.
The IMC ecosystem operates in Israel through its commercial relationship with Focus Medical Herbs Ltd., which imports and distributes cannabis to medical patients, leveraging years of proprietary data and patient insights. The Company also operates medical cannabis retail pharmacies, online platforms, distribution centers, and logistical hubs in Israel that enable the safe delivery and quality control of IMC products throughout the entire value chain. In Germany, the IMC ecosystem operates through Adjupharm GmbH, where it distributes cannabis to pharmacies for medical cannabis patients.
Disclaimer for Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements under applicable Canadian and U.S. securities laws (collectively, “forward-looking statements”). All information that addresses activities or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made. In the press release, such forward-looking statements include, but are not limited to, statements relating to statements relating to compliance with Nasdaq’s continued listing requirements, and timing and effect thereof; the potential outcome of the Licensing Agreement and the effect of collaboration with Carmel in the Israeli market and the potential exclusive launch of the BLKMKTTM brand this year in Germany.
The above lists of forward-looking statements and assumptions are not exhaustive. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated or implied by such forward-looking statements due to a number of factors and risks. These include: the failure of the Company to comply with applicable regulatory requirements in a highly regulated industry; unexpected changes in governmental policies and regulations in the jurisdictions in which the Company operates; the Company’s ability to continue to meet the listing requirements of the Canadian Securities Exchange and the NASDAQ Capital Market; any unexpected failure to maintain in good standing or renew its licenses; the ability of the Company and Focus Medical (collectively, the “Group”) to deliver on their sales commitments or growth objectives; the reliance of the Group on third-party supply agreements to provide sufficient quantities of medical cannabis to fulfil the Group’s obligations; the Group’s possible exposure to liability, the perceived level of risk related thereto, and the anticipated results of any litigation or other similar disputes or legal proceedings involving the Group; the impact of increasing competition; any lack of merger and acquisition opportunities; adverse market conditions; the inherent uncertainty of production quantities, qualities and cost estimates and the potential for unexpected costs and expenses; risks of product liability and other safety-related liability from the usage of the Group’s cannabis products; supply chain constraints; reliance on key personnel; the risk of defaulting on existing debt and war, conflict and civil unrest in Eastern Europe and the Middle East.
Any forward-looking statement included in this press release is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
CAUTIONARY NOTE REGARDING FUTURE ORIENTED FINANCIAL INFORMATION
This press release may contain future oriented financial information (“FOFI”) within the meaning of Canadian securities legislation, about prospective results of operations, financial position or cash flows, based on assumptions about future economic conditions and courses of action, which FOFI is not presented in the format of a historical balance sheet, income statement or cash flow statement.
The FOFI has been prepared by management to provide an outlook of the Company’s activities and results and has been prepared based on a number of assumptions including the assumptions discussed under the heading above entitled “Cautionary Note Regarding Future Oriented Financial Information” and assumptions with respect to the costs and expenditures to be incurred by the Company, capital expenditures and operating costs, taxation rates for the Company and general and administrative expenses. Management does not have, or may not have had at the relevant date, firm commitments for all of the costs, expenditures, prices or other financial assumptions which may have been used to prepare the FOFI or assurance that such operating results will be achieved and, accordingly, the complete financial effects of all of those costs, expenditures, prices and operating results are not, or may not have been at the relevant date of the FOFI, objectively determinable.
Importantly, the FOFI contained in this press release and the documents incorporated by reference herein, are, or may be, based upon certain additional assumptions that management believes to be reasonable based on the information currently available to management, including those assumptions discussed under the heading “Disclaimer for Forward-Looking Statements” and assumptions about: (i) the future pricing for the Company’s products, (ii) the future market demand and trends within the jurisdictions in which the Company may from time to time conduct the Company’s business, and (iii) the Company continued ability to maintain its capital to fund its ongoing business development and future growth.
The FOFI or financial outlook contained in this press release do not purport to present the Company’s financial condition in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board, and there can be no assurance that the assumptions made in preparing the FOFI will prove accurate. The actual results of operations of the Company and the resulting financial results will likely vary from the amounts set forth in the analysis presented in any such document, and such variation may be material (including due to the occurrence of unforeseen events occurring subsequent to the preparation of the FOFI). The Company and management believe that the FOFI has been prepared on a reasonable basis, reflecting management’s best estimates and judgments as at the applicable date. However, because this information is highly subjective and subject to numerous risks including the risks discussed under the heading above entitled “Cautionary Note Regarding Future Oriented Financial Information”, FOFI or financial outlook within this in this press release should not be relied on as necessarily indicative of future results.
Company Contact:
Anna Taranko, Director Investor & Public Relations
IM Cannabis Corp.
+49 157 80554338
[email protected]
Oren Shuster, CEO
IM Cannabis Corp.
[email protected]
Logo – https://mma.prnewswire.com/media/1742228/IM_Cannabis_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/imc-germany-announces-outstanding-preliminary-q3-2024-performance-with-50-growth-over-q2-302265523.html
Gedeon
Gedeon Richter presents analysis on cannabis usage among patients with schizophrenia: a new medical solution to a severe issue might be available
A novel psychiatric scale developed by colleagues of Gedeon Richter Plc. in collaboration with academia was also presented at the 37th ECNP conference
BUDAPEST, Hungary, Sept. 25, 2024 /PRNewswire/ — During the 37th Annual Meeting of the European College of Neuropsychopharmacology (ECNP), held between 21-24 September 2024, new analyses of cariprazine studies were presented by Gedeon Richter Plc. First of all, cariprazine seems to be an effective treatment option for patients with schizophrenia and comorbid cannabis use disorder, according to one of the five posters presented at the congress. Furthermore, during an industry sponsored session, a new transdiagnostic scale for quantifying and visualizing symptom severity of patients with different psychiatric conditions was also presented, that was developed by the medical team of Gedeon Richter Plc. and recognized professors.
Schizophrenia often co-occurs with cannabis use disorder however, available antipsychotic treatments frequently fail to address both disorders. In a scientific poster showcased by Gedeon Richter at ECNP in Milan, cariprazine was presented to be a potentially effective treatment option for patients with first-episode schizophrenia and comorbid cannabis use disorder according to the results of a 6-month observational study. Four other scientific posters were also presented at the congress by Gedeon Richter about the role of cariprazine in the treatment of schizophrenia such as the efficacy of cariprazine in patients who develop akathisia as a side effect or the impact of functioning on the risk of relapse in patients treated with cariprazine vs placebo. Cariprazine is a 3rd generation antipsychotic medication with a unique receptor profile and proven efficacy in schizophrenia, including negative symptoms.
Lacking biomarkers in psychiatry calls for valid and reliable assessments of psychopathology across mental disorders that are easy to use, bridge research and clinical care, and that can capture clinician and patient perspectives. Recognizing this problem, the Gedeon Richter medical team together with experienced psychiatric professors developed a scale to handle this challenge. Using this new transdiagnostic scale called the Transdiagnostic Global Impression – Psychopathology (TGI-P) scale could help CNS professionals and psychologists to quickly assess and visualize symptoms in several psychiatric conditions. During an industry sponsored session, the details and the usability of the tool were shown to the audience.
About Richter and About Cariprazine
Cannabis
Bioplastic Packaging Market Size Expected to Reach USD 87.98 Bn by 2033
Ottawa, Sept. 20, 2024 (GLOBE NEWSWIRE) — The global bioplastic packaging market size was valued at USD 17.99 billion in 2023 and is predicted to increase from USD 21.09 billion in 2024 to USD 87.98 billion by 2033, a study published by Towards Packaging a sister firm of Precedence Statistics.
Key Takeaways: Leading Factors of the Bioplastic Packaging Market
- Use of renewable resources due to growing sustainable demand is the major factor that drives the market.
- Eco-friendly alternatives perceive growth in North America due to growing environmental concerns.
- Food and beverage industry is the dominating sector in the market due to the increasing consumption of packed food.
- Limited infrastructure for bioplastic processing is an unceasing challenge for the market.
Download Statistical Data: https://www.towardspackaging.com/download-statistics/5215
Bioplastic Packaging Market: At a Glance
The bioplastic packaging market revolves around adoption renewable packaging which can be used multiple times and which is an alternative to the fossil fuel-derived plastics. Along with this, resource depletion, reduction of carbon footprint and material waste are the leading objectives of the market. The demand for sustainable packaging solution and the increasing plastic waste has increased the demand of the market.
The bio-degradable feature attributes to the reusable function of bioplastic packaging. The consumer demand for sustainable packaging has also increased the demand of the bioplastic packaging, given the reason it provides resistance and prevents denting as well. The bioplastic material tends to degrade easily which also reduces landfill waste.
Regional Insights
Europe thrives with its vision of sustainable packaging demand
Europe is the dominating region in bioplastic packaging market. The sustainability focus of Europeans has sustained the environment and the alternative packaging solutions have increased the popularity of eco-friendly packaging. The European vision of preserving sustainability is also about turning packaging materials into recyclable or reusable material by 2030 and this has increased exploration of alternative materials, design strategies and mostly importantly waste management system.
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Europe targets to reduce unnecessary packaging by 10% in 2035 and by 15% in 2040. The demand for bioplastic as an alternative increase as Europe has strict regulations against plastic usage which aims to reduce the utilization of single use-plastic to prevent environmental hazards, especially, in marine environment and human health. In addition, European Union also aims at promoting circular economy and innovative sustainable packaging solutions with specific targets which are 77% separate collection target for plastic bottles by 2025 and will be increased to 90% by 2029. Furthermore, 25% of recycled plastic will be incorporated in PET beverage bottles from 2025 and will be increased by 30% in all plastic beverage bottles from 2030.
- In January 2024, European retailers were relived to watch the inflation slow down as it had decreased the consumer rate by 0.1%. Despite the increasing rates and fleeting number of consumers, shopkeepers were committed to the sustainable drive. The UK consumer survey stated that 62% believed that high prices are pulling them back from being sustainable and 52% said that sustainable alternatives should have affordable prices.
North America is a steady region for the bioplastic packaging market due to its sustainable packaging demand which is also the growing consumer requirement. The impact of conventional plastic adds to the ocean litter hazard and as an alternative to reduce carbon print, sustainable solutions are being adopted. Although the American consumers worry more about convenience, price and quality given the increased purchasing rates and the tax-paying lifestyle, 40% of consumers pay more attention to the provided sustainable packaging.
The use of compostable packaging allows circular economy in the US and the companies are innovating new alternatives to support the sustainable drive and to increase their profit margin. According to U.S Environmental Protection Agency, reuse of plastic materials circulates the economy and reduces environmental impact if the material is in constant use instead of manufacturing new one. According to PEW’s research, reuse of plastics can accomplish 30% of reduction, substitution efforts by 17%, improved innovations in recycling by 20% and proper management at end-of-life can achieve a 23% reduction of plastic pollution in the environment.
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- In November 2023, Knox County, a startup had announced the of AgroRenew LLC and had also planned to build $83 million processing facility which was designed to convert food waste into eco-friendly bioplastics. The company had expected to establish itself in early 2024 and had aimed to produce 150,000 tons of bioplastic annually.
Asia-Pacific is the fastest growing region in bioplastic packaging market with its large population as a contributor and its rapidly increasing industrial sector. The packed food consumption and the boom of e-commerce also gave preference to sustainable packaging due to strict regulations and subsidies provided to promote the compostable packaging. According to Department of Biotechnology, Ministry of Science & Technology, Government of India, the usage of single-use plastic (SUPs) was intended to stop by December 2022. The policy of Government of India (GOI) was changed to promote the development of biodegradable plastic products instead of single-use plastic.
The method used for testing substances should be able to demonstrate biodegradability as per national and international standards and should also be interim approved and receive provisional certification of biodegradability. China having a large industrial production had signed the Paris agreement to reduce carbon footprint and oil dependency as well.
Although the National Development and Reform Commission and Ministry of Ecology and Environment had plans to reduce plastic garbage, the limited infrastructure for recycling and manufacturing biodegradable plastic came as a challenge. The Chinese Government had implemented ban on plastic recycled and prohibition of non-biodegradable single-use plastic.
- In February 2024, Balrampur Chini Mills Limited (BCML), which is a leading integrated sugar mill Kolkata-based company had announced a project with integration of ₹2,000 crore and it was going be the first industrial bioplastic plant in India. The company also stated that it had well-aligned sustainable goals to combat the climate change.
Driver
Government regulations drive the bioplastic packaging market
The major driving factor is the environmental regulations due to increasing plastic waste production which is a problem for the eco-system. The growing concern for climate change, increasing plastic pollution and landfill waste has led to the utilization of bioplastic packaging which is reliable and bio-degradable. The government policies promote the use of biodegradable and bioplastic packaging as it reduces the use of plastic and also its generation.
The government initiatives will increase sales, improve brand perception and also contribute to cost-savings. According to the Consumer Brands Association, FMCG manufacturers have adopted 100% recycled packaging by 2030.
Restraint
Limited infrastructure and higher costs of materials hinder the market growth
The leading challenges which hinder the growth of bioplastic packaging market is high material costs and limited infrastructure. The manufacturing process and raw materials can affect the production of biodegradable packaging. The limited infrastructure also poses as a challenge for the manufacturing and recycling processes.
Opportunity
Integration of Artificial Intelligence
The technological advancement offers new trends which are development of raw materials like algae, mushroom mycelium, and agricultural waste which poses as an emerging alternative. The major factor which technology can contribute is in biodegradability which will enhance the decomposing process of plastic and it also offers upcoming features like the antimicrobial properties which are significant for medical applications, use of UV resistance for outdoor use, and improved barrier properties for food packaging. Collaboration among leading industries can create more innovate and ground-breaking effective solutions for the bioplastic packaging market.
Top Companies Leading the Bioplastic Packaging Market
- Amcor plc
- Novamont S.p.A
- NatureWorks, LLC
- Coveris
- Sealed Air
- Alpha Packaging
- Constantia Flexibles Group GmbH
- Mondi plc
- Truegreen
- Transcontinental Inc.
- ALPLA
- Envigreen
- Nature’s Bio Plastic
- Raepak Ltd.
- Tipa-corp Ltd.
- Treemera GmbH
- Element Packaging Ltd
- Alpagro Packaging
Recent Development
Company | Balrampur Sugar Mills Firm |
Headquarters | Uttar Pradesh, India |
Recent Development | In June 2024, the Uttar Pradesh Government had announced to build a bioplastic park in the Lakhimpur Kheri district which aimed at increasing local economy. The bioplastic park was designed to promotes the usage of bioplastic plastics. |
Company | Praj Industries |
Headquarters | Maharashtra |
Recent Development | In February 2024, Praj Industries had announced that its pilot plant for polylactic acid (PLA) will be completed by April 2024. The company will develop renewable chemicals which is a part of R&D push. The Union Budget had also contemplated a policy for bio-manufacturing and bio foundry. |
Segmental Insights
By Type
The flexible segment is the dominating segment in the bioplastic packaging market. It is dominating due to its properties which are conserving resources and contributing to the sustainability. The flexible segment provides convenience, strong protection and reduces wastage of food and can also resist denting and breakage. Apart from this, it also increases shelf life of the products and the packaging is in demand due to its features like multi-layer construction and eco-friendly packaging solution. Lightness, safety and resistance are the factors which increase the demand of bioplastic packaging.
The rigid segment is the fastest growing segment in the bioplastic packaging market. It will dominate the market due to its properties which are providing protection, resistance and preserving product quality. The rigid segment offers a durable and reliable packaging which makes it preferred among the consumers. Customization and exceptional product protection are the essential features of the rigid segment.
By Application Type
The food and beverage segment are the dominating segment in the bioplastic packaging market. The segment dominates due extended shelf life provided to the food products and long-lasting convenience and visibility. The bioplastic packaging depends upon the type of packaging it provides which provides string barrier against external elements like oxygen, moisture and prevents food spoilage as well. Th global consumption of containers like boxes, bags, jars and pouches has increased the bioplastic packaging demand in food sector.
The consumer and goods segment are the fastest growing segment in the bioplastic films packaging market. The segment dominates due to sealed packaging and robust protection by bioplastic packaging.
More Insights of Towards Packaging
- The global end-of-line packaging market size is estimated to reach USD 9.50 billion by 2033, up from USD 6.14 billion in 2023, at a compound annual growth rate (CAGR) of 4.60% from 2024 to 2033.
- The global surgical instruments packaging market size reached US$ 24.8 billion in 2023 and is projected to hit around US$ 49.1 billion by 2034, expanding at a CAGR of 6.55% during the forecast period from 2024 to 2033.
- The global cannabis packaging market size reached USD 2.32 billion in 2023 and is projected to hit around USD 22.10 billion by 2034, expanding at a CAGR of 22.74% during the forecast period from 2024 to 2034.
- The global clinical trial packaging market size reached USD 2.95 billion in 2023 and is projected to hit around USD 9.12 billion by 2034, expanding at a CAGR of 10.80% during the forecast period from 2024 to 2033.
- The global panel level packaging market size is estimated to reach USD 11.13 billion by 2033, up from USD 0.43 billion in 2023, at a compound annual growth rate (CAGR) of 38.60% from 2024 to 2033.
- The global hazardous goods packaging market size reached US$ 11.50 billion in 2023 and is projected to hit around US$ 21.38 billion by 2034, expanding at a CAGR of 5.80% during the forecast period from 2024 to 2033.
- The global rigid tray market size reached US$ 11.65 billion in 2024 and is projected to hit around US$ 14.72 billion by 2034, expanding at a CAGR of 2.37% during the forecast period from 2024 to 2034.
- The global cider packaging market size is estimated to reach USD 7.05 billion by 2033, up from USD 4.08 billion in 2023, at a compound annual growth rate (CAGR) of 5.77% from 2024 to 2033.
- The global boxboard packaging market size is estimated to reach USD 117.61 billion by 2033, up from USD 65.73 billion in 2023, at a compound annual growth rate (CAGR) of 6.12% from 2024 to 2033.
- The global corrugated plastic tray market size reached US$ 665.47 million in 2023 and is projected to hit around US$ 1190.73 million by 2034, expanding at a CAGR of 5.14% during the forecast period from 2024 to 2034.
Bioplastic Packaging Market Segment
By Material
- Biodegradable
- Polylactic Acid
- Starch Blends
- Polybutylene Adipate Terephthalate (PBAT)
- Polybutylene Succinate (PBS)
- Others
- Non-biodegradable
- Bio Polyethylene
- Bio Polyethylene Terephthalate
- Bio Polyamide
- Others
By Type
- Flexible
- Rigid
By Application
- Food & Beverages
- Consumer Goods
- Cosmetic & Personal Care
- Pharmaceuticals
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Sweden
- Denmark
- Norway
- Asia Pacific
- China
- Japan
- India
- South Korea
- Thailand
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East and Africa (MEA)
- South Africa
- UAE
- Saudi Arabia
- Kuwait
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