LOS ANGELES–(BUSINESS WIRE)–Tech
Central (OTC:TCHC) (“TCHC”) today announced it is developing an APP,
“CBD Affiliate Marketer,” dedicated to the CBD Industry.
CBD products are among the hottest on the market right now. The passage
of the 2018 Farm Bill has helped to pave the way for the CBD industry to
grow in anticipation of full legalization of the cannabis plant. CBD
sales have been soaring. Hemp-derived CBD alone was a $390
million market in 2018 and is expected to reach $1.3 billion by 2022 and
that doesn’t even include all the CBD products derived from other forms
A problem the CBD industry is facing is that it can be a difficult
product to market due to outdated advertising restrictions in place by
Facebook and Google. TCHC sees potential in providing affiliate
marketers the knowledge needed to market CBD products the correct way to
capitalize on the industry.
The CBD Affiliate Marketer APP will be useful both for seasoned and new
affiliate marketers. It will feature training for all of the top social
media platforms and provide members with the tools needed to increase
the odds of running a successful campaign. Members will benefit from
training and high commissions, CBD sellers will benefit from having
exposure of their products, and TCHC will benefit from a fee CBD sellers
will provide to have access to the APP. It is important to note that the
affiliate program is NOT “MLM,” or Multi-level Marketing.
Company President Joseph Lewis stated, “We are excited to enter the CBD
sector with this APP. Our official Beta Version will be announced
shortly. We feel that by building a presence now that the Company can
provide much needed content to the CBD / cannabis sector and position
itself for potential acquisitions in the CBD / cannabis sector.”
About Tech Central
Central, Inc. (TCHC) was formed as a Media Company engaging in
online video and photography content development and distribution; and
website and mobile app technology integration design and development.
Forward-Looking Statements are included within the meaning of Section
27A of the Securities Act of 1933, and Section 21E of the Securities
Exchange Act of 1934, as amended. All statements regarding our expected
future financial position, results of operations, cash flows, financing
plans, business strategy, products and services, competitive positions,
growth opportunities, plans and objectives of management for future
operations, including words such as “anticipate,” “if,” “believe,”
“plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,”
“will,” and other similar expressions are forward-looking statements and
involve risks, uncertainties and contingencies, many of which are beyond
our control, which may cause actual results, performance, or
achievements to differ materially from anticipated results, performance,
or achievements. Tech Central Inc (TCHC) is under no obligation to (and
expressly disclaim any such obligation to) update or alter our
forward-looking statements, whether as a result of new information,
future events or otherwise.
Chief Operations Officer
Sunniva Announces Closing Of Third Tranche Of Short Term Bridge Financing For Proceeds Of Cad $325,000
Sunniva Inc. (“Sunniva”, the “Company”, “we”, “our” or “us”) (CSE:SNN) (OTCQB:SNNVF), a North American provider of cannabis products and services, is pleased to announce that it has closed the third tranche of the Company’s non-brokered private placement (the “Offering“), previously announced on August 1, 2019 of CAD $325,000 for a total of 325,000 units of the Company (“Units“). In aggregate the total gross proceeds raised by the Offering was CAD $7.57 million and 7.57 million Units issued. Each Unit consists of a principal amount of unsecured promissory notes of the Company (“Promissory Notes“) and common share purchase warrants of the Company (“Warrants“).
As previously disclosed, proceeds of the Offering will be used to provide short term working capital for operations in California, capital costs at the Sunniva California Campus and general corporate purposes.
The Units issued under the Offering have the following terms:
6 months from the closing date.
10% (annual rate).
Number of Warrants:
0.40 Warrants per Unit (each Warrant entitles the holder to acquire one common
share of the Company at the Warrant Exercise Price).
Warrant Exercise Price:
CAD $2.50 per Warrant.
24 months from closing.
A finder’s fee of 5% payable in cash will be paid to certain investment advisors for introducing certain purchasers of Units to the Company.
The Promissory Notes and Warrants have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Promissory Notes or Warrants in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.
For more information please visit: www.sunniva.com.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Sunniva Inc.
INTERCURE: CANNDOC signs strategic distribution agreement with S.L.E. of TEVA Pharmaceuticals
InterCure (TASE: INCR), announced that subsidiary Canndoc has entered into a strategic distribution agreement with Salomon, Levin, Elstein (S.L.E.,) which is owned by Teva Pharmaceuticals Industries (NYSE: and TASE: TEVA).
Under terms of the agreement, S.L.E. will distribute Canndoc’s GMP products to pharma clients, including hospitals, health maintenance organizations (HMOs) and all pharmacies in Israel, including pharmacy chains. In the future, as regulatory approvals allow, S.L.E. will provide logistics capability for exporting Canndoc’s products to countries that support regulations for the sale and distribution of cannabis products for medical use.
S.L.E. is one of Israel’s leading companies for providing health logistics services and distributes products from dozens of local and international companies. S.L.E. is licensed by the Israeli Ministry of Health, and also holds a GDP distribution license.
“Our agreement with S.L.E., Israel’s leading company in distributing medical products, creates a complete supporting platform for supplying Canndoc’s GMP products to any location in Israel and for countries with similar regulations,” said Canndoc’s Chairman Ehud Barak. “Through its S.L.E. partnership, Canndoc has aligned itself with one of the most prominent pharmaceutical companies in the world, for the distribution of cannabis-based medical treatments to countries that recognize the value of these medicines for people in need.”
S.L.E. CEO Aviad Bossi adds, “The agreement brings together our well-established pharmaceutical distribution network with Canndoc’s high quality medical cannabis industry presence and market leadership. Beyond the operations in Israel, this agreement will provide Canndoc significant logistical capabilities that can support Canndoc’s exporting operations from Israel.”
The distribution agreement is set for a 3-year term and includes a mechanism for automatic extension periods of two years each.
Canndoc is one of the first licensed producers, with its GMP-approved medical cannabis Rx products being sold in pharmacies. The engagement in this distribution agreement will broaden Canndoc’s ability to distribute GMP products to its patients within the S.L.E. pharmacy network throughout Israel. In addition, S.L.E. will provide Canndoc significant logistical capabilities in the future supporting Canndoc’s ability to export its products to countries with consistent regulation for the sale and distribution of cannabis products for medical use.
Prairie Records Tops the Charts: Named Top Cannabis Retailer in Canada at Grow UP
Westleaf Inc. (the “Company” or “Westleaf“) (TSX-V:WL) (OTCQB:WSLFF) is proud to announce its Prairie Records retail stores have been named top cannabis retailer in Canada at the GrowUP Conference & Expo. Singing a different tune in cannabis retail, the award win is a testament to how Prairie Records is offering Canadian’s a truly unprecedented purchasing experience.
“It is extremely gratifying to have Prairie Records be recognized at one of the industry’s largest events and to be able to stand out amongst a field of very worthy retail competitors,” says Adam Coates, Chief Commercial Officer at Westleaf and Retail Brand Strategist for Prairie Records. “We set out to make waves in a sea of sameness by creating an immersive experience like no other in the marketplace, and we are pleased and honoured to receive this, the first Grow UP Conference retail award.”
Ten companies were nominated in the Grow UP retail category at this year’s event, the first for the industry. Among the nominees were independent stores and well-known national chains. Prairie Records was recognized based on delivering an unparalleled consumer purchasing experience and creating a welcoming brand for cannabis consumers.
Westleaf has four Prairie Records stores open, three in the Saskatoon region and one in Calgary, which is hosting its grand opening tomorrow, September 14. The concept combines the tactile and immersive feel of a vinyl record store with a cannabis purchasing experience. Information about the cannabis strains and strengths are presented on album covers and the customer is enveloped in a warm and welcoming retail experience. The staff are well versed on the product offering and provide educational opportunities for both the experienced cannabis connoisseur as well as the novice consumer.
SOURCE Westleaf Inc.
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