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Kerbal Space Program: Breaking Ground Expansion Now Available for PC

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New robotic parts, deployed science, surface features, and more
provide exciting ways to explore space

NEW YORK–(BUSINESS WIRE)–Private
Division
and Squad
today announced that Kerbal
Space Program: Breaking Ground
Expansion

is now available for PC. Kerbal Space Program: Breaking
Ground Expansion
, the second expansion for the critically
acclaimed space sim, is an engaging, feature-rich content pack. This
expansion increases the objective possibilities once celestial bodies
have been reached by adding more interesting scientific endeavors and
expanding the toolset.

With Kerbal Space Program: Breaking Ground Expansion
players will have all new robotic parts that include hinges, rotors,
pistons, and more in a variety of different sizes. These parts encourage
the invention of deeply creative vehicles with further advanced
functionality than ever before.

Deployed science is another major addition of this expansion, which
enhances the experiments and data-collection objectives that have gone
hand-in-hand with space exploration. Players will be able to utilize a
storage container in their craft that can hold various pieces of science
equipment. Upon reaching their destination, players can deploy equipment
to monitor and collect data through assorted methods and relay it back
to Kerbin, the Kerbals’ home planet. One scientific instrument, the
active seismometer, even tasks players to deliberately crash
contraptions into a celestial body to gather seismic data!

Kerbal Space Program: Breaking Ground Expansion also
changes the experience players have when exploring celestial bodies. New
surface features are scattered across planets throughout the solar
system and can be scanned utilizing a new robotic arm attached to
rovers. These surface features include cryovolcanoes, meteors, craters,
and many more mysterious objects for players to investigate.
Additionally, the expansion includes a new futuristic
space suit for the Kerbals so they can travel space in style.

“We are always listening closely to the ever-expanding Kerbal
Space Program
Community, and Breaking Ground addresses
a long-requested aspect of the game that we have been working hard to
fulfill: compelling reasons to explore and research planets,” said
Nestor Gomez, Lead Producer at Squad. “Players now have even more
reasons to explore the celestial bodies of the solar system.”

“The creativity of the KSP community is something that never ceases to
amaze us,” said Michael Cook, Executive Producer at Private Division. “Kerbal
Space Program: Breaking Ground Expansion
is packed with content
that we believe will add countless hours of fresh gameplay, as well as
generate some incredible new craft designs from players. We can’t wait
to see what they come up with.”

About Kerbal Space Program

In Kerbal Space Program, players take charge of the space
program for the alien race known as the Kerbals, and have access to an
array of parts to assemble a fully functional spacecraft that flies (or
doesn’t) based on realistic aerodynamic and orbital physics. Launch your
Kerbal crew into orbit and beyond (while keeping them alive) to explore
moons and planets in the Kerbol solar system, constructing bases and
space stations to expand the reach of your expedition.

Kerbal Space Program features three gameplay modes. In
Science Mode, players can perform space experiments to unlock new
technology and advance the knowledge of Kerbalkind. In Career Mode, you
can oversee every aspect of the space program, including construction,
strategy, funding, upgrades, and more. In Sandbox, players can build any
spacecraft that they can think of, with all parts and technology in the
game.

Kerbal Space Program: Breaking Ground Expansion is now
available on PC for $14.99 (MSRP). Kerbal Space Program is
rated E for Everyone by the ESRB. For more information on Kerbal
Space Program
, subscribe on YouTube,
follow us on Twitter,
become a fan on Facebook,
and visit www.KerbalSpaceProgram.com.

Private Division is a publishing label of Take-Two Interactive Software,
Inc. (NASDAQ:TTWO).

About Squad

Based in Mexico City, Squad are the developers of the critically
acclaimed space simulation game, Kerbal Space Program. Comprised
of an international team of talented, passionate and ambitious
individuals that love videogames, space, and science, they have
reinvented themselves into full-time video game development.

About Take-Two Interactive Software

Headquartered in New York City, Take-Two Interactive Software, Inc. is a
leading developer, publisher and marketer of interactive entertainment
for consumers around the globe. The Company develops and publishes
products principally through its wholly-owned labels Rockstar Games and
2K, as well as its Private Division label and Social Point, a leading
developer of mobile games. Our products are designed for console systems
and personal computers, including smartphones and tablets, and are
delivered through physical retail, digital download, online platforms
and cloud streaming services. The Company’s common stock is publicly
traded on NASDAQ under the symbol TTWO. For more corporate and product
information please visit our website at http://www.take2games.com.

About Private Division

Private Division is a developer-focused publisher that empowers
independent studios to develop the games that they are passionate about
creating, while providing the support that they need to make their
titles critically and commercially successful on a global scale. The
label publishes Kerbal Space Program and will publish upcoming
titles with renowned creative talent at studios including The Outer
Worlds
from Obsidian Entertainment, Ancestors: The Humankind
Odyssey
from Panache Digital Games, an unannounced title from V1
Interactive, and more. Private Division is headquartered in New York
City with offices in Seattle, Las Vegas, and Munich. For more
information, please visit www.privatedivision.com.

All trademarks and copyrights contained herein are the property of their
respective holders.

Cautionary Note Regarding Forward-Looking
Statements

The statements contained herein which are not historical facts are
considered forward-looking statements under federal securities laws and
may be identified by words such as “anticipates,” “believes,”
“estimates,” “expects,” “intends,” “plans,” “potential,” “predicts,”
“projects,” “seeks,” “should,” “will,” or words of similar meaning and
include, but are not limited to, statements regarding the outlook for
the Company’s future business and financial performance. Such
forward-looking statements are based on the current beliefs of our
management as well as assumptions made by and information currently
available to them, which are subject to inherent uncertainties, risks
and changes in circumstances that are difficult to predict. Actual
outcomes and results may vary materially from these forward-looking
statements based on a variety of risks and uncertainties including: our
dependence on key management and product development personnel, our
dependence on our Grand Theft Auto products and our ability to
develop other hit titles, the timely release and significant market
acceptance of our games, the ability to maintain acceptable pricing
levels on our games, and risks associated with international operations.
Other important factors and information are contained in the Company’s
most recent Annual Report on Form 10-K, including the risks summarized
in the section entitled “Risk Factors,” the Company’s most recent
Quarterly Report on Form 10-Q, and the Company’s other periodic filings
with the SEC, which can be accessed at www.take2games.com.
All forward-looking statements are qualified by these cautionary
statements and apply only as of the date they are made. The Company
undertakes no obligation to update any forward-looking statement,
whether as a result of new information, future events or otherwise.

Contacts

Brian Roundy (Press)
Senior Manager
Communications
Private
Division

(646) 536-2936
press@privatedivision.com

Alan Lewis (Corporate Press)
Vice President
Corporate
Communications & Public Affairs
Take-Two Interactive
Software, Inc.

(646) 536-2983
Alan.Lewis@take2games.com

Cannabis

Willow Biosciences Reports Third Quarter 2019 Results and Provides Operations Update

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Willow Biosciences Inc. (“Willow” or the “Company“) (CSE: WLLW, OTCQB: CANSF) has released its financial and operating results for the three and nine months ended September 30, 2019.

“Over the past few months, Willow has continued to advance its business strategy and achieved several important milestones,” said Trevor Peters, Willow’s President and Chief Executive Officer. “We have made meaningful progress on advancing our yeast strain performance and fully expect to meet our projected timing of scale-up development in the first half of 2020. In addition, we have completed the commissioning of our three labs and expanded our team of highly skilled scientists, preparing us for future development.  As the market for CBD and other cannabinoids continues to develop, Willow is positioned as a leader in delivering ultra-pure, pharmaceutical grade cannabinoids, at a highly competitive cost for the consumer packaged goods and pharmaceutical industries.”

Selected financial and operational information is outlined below and should be read in conjunction with Willow’s unaudited condensed consolidated interim financial statements (“Financial Statements”) and related management’s discussion and analysis (“MD&A”) which are available on SEDAR at www.sedar.com or on the Willow’s website at www.willowbio.com.

Highlights for the Quarter:

  • Willow’s science team successfully increased cannabinoid production by 25-fold and identified hundreds of beneficial genetic changes that are expected to provide additional increases.
  • Willow ended the quarter with strong liquidity, including approximately $24.0 million of cash on hand at September 30, 2019.
  • Willow continued to build out our three labs in Calgary, AlbertaBurnaby, British Columbia and Mountain View, California, spending $3.2 million in capex in the quarter ($6.4 million year to date as of September 30th). With the bulk of our capital spending to set up our labs behind us, Willow continues to focus on advancing our yeast strain to produce ultra-pure, pharmaceutical grade cannabidiol (CBD).
  • In the quarter we moved into our new facility in Calgary, Alberta located in the Life Sciences Innovation Hub at the University Research Park. The 4,000 square foot secure facility employs cutting-edge bioassay capabilities, liquid handling robots, and analytical instrumentation, and leverages access to the University of Calgary’s plant cultivation resources and growth chambers.
  • Willow continues to progress its intellectual property portfolio and expects to file five new U.S. provisional patent applications and one Patent Cooperation Treaty “PCT” conversion (which will convert an existing provisional patent application to a U.S. PCT application), all prior to the end of 2019.
  • Subsequent to the end of the quarter, the Company received its DEA Controlled Substances Registration Certificate for our Mountain View, California facility, which allows the Company to develop yeast strains which produce CBD.
  • On November 5, 2019, the Company commenced trading on the OTCQB® Venture Market under the ticker “CANSF”.
  • Willow’s directors and officers remain committed to the long-term success of the Company and since July 1, 2019, certain officers and board members of Willow have purchased approximately 1.5 million common shares and warrants of Willow in the market for aggregate proceeds of approximately $840,000.

Operational Update

During the past quarter, we have expanded our research and development team to 33 technical staff, including 21 Ph.D. level scientists, across our three sites. Our multidisciplinary team consists of plant scientists, strain engineers, analytical chemists and fermentation process engineers.  The team’s focus has now shifted from expanding its technical capabilities to program execution and operational excellence.  Our plant sciences team in Canada continues to advance its understanding of cannabinoid accumulation in C. sativa along with translation of these results in our yeast production host.  These results are further complemented by our high-throughput strain engineering capabilities in our San Francisco Bay Area labs to expand upon beneficial genetic diversity and further optimize our yeast strain toward commercial targets.  As a result of these combined efforts, we have increased cannabinoid production by 25-fold and identified hundreds of beneficial genetic changes that will provide additional increases.  These improved strains are now undergoing evaluation in fermentation tanks at our development partner’s facilities.  At our current trajectory, we anticipate delivering a strain for scale up development starting in the first half of 2020.

Financial Update

Willow ended the quarter in a strong financial position, with approximately $23.2 million in working capital and $24.0 million of cash on hand.

The Corporation’s financial results are summarized as follows:

Three months ended
September 30

Nine months ended
September 30

2019

2018

2019

2018

Balance sheet ($000’s):

Cash and cash equivalents

24,042

804

24,042

804

Total assets

38,624

1,038

38,624

1,038

Shareholder’s equity

24,727

975

24,727

975

Weighted average shares outstanding

Basic and diluted (000’s)

78,634

56,521

69,657

53,585

Year to date 2019 has been transformative for the Company. The transactions Willow has completed have had a significant impact on the comparability of the Company’s period over period results. See the Financial Statements and MD&A for further details.

Outlook

Willow will continue to focus on developing and refining our yeast-based strains that biosynthesize CBD, optimizing our production levels and improving the performance of our processes. We expect to reach a scalable production level in the first half of 2020, triggering the initiation of Noramco, Inc.’s efforts to ramp up production, file regulatory submissions and develop marketing and distribution plans. The scaling up of production to commercial levels is expected to take 12 to 18 months, followed by regulatory approval for the manufacturing process and customer sampling during 2021, and first bulk commercial sales anticipated in late 2021 or early 2022.

Following our successful financings, Willow is well positioned to fund our operations to commercialization.

Willow continues to evaluate strategic relationships with various entities in the consumer packaged goods and pharmaceutical industries. These partnerships will look to define our market participation and potentially gain entry into new global markets.

 

SOURCE Willow Biosciences Inc.

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Cannabis

OPSEU gives thumbs down to Ford’s attempt to fix cannabis debacle

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Photo source: netnewsledger.com

 

The Ford government’s latest reset of its disastrous decision to privatize cannabis sales is bound to make an already bad situation worse, says OPSEU President Warren (Smokey) Thomas.

“What will it take for the government to understand that cannabis retail stores need to be operated by trained professionals?” asked Thomas.

Thomas can’t believe the Ford government is set to move to an “open allocation” system for issuing retail cannabis licenses as early as January that could result in over 1,000 outlets across Ontario.

“I can’t figure out why the Conservatives think it makes sense to continue on with this privatization disaster,” said Thomas.  “We need a Responsible Plan, the kind of plan the previous government had that would have put cannabis sales in the hands of the LCBO.

“Polls have shown us that Ontarians are 11 times more likely to trust the LCBO than private retailers when it comes to keeping cannabis out of kids’ hands,” Thomas added.

“This is a matter of public safety. LCBO stores have trained professionals who have the training and experience to handle sales of controlled substances.”

Over a year ago when the discussion around cannabis retail stores began, the Ford government made a number of promises – promises they are now breaking, says Thomas.

“They promised a tightly regulated system. What does this new plan involve? It involves flooding the market. How is that responsible? The second promise was to keep our kids safe. This doesn’t keep our kids safe.”

“Our members who operate LCBO stores are experts in responsible sales,” he adds. “They keep our kids and our communities safe because they are trained and qualified. They take social responsibility seriously.”

It’s time for Ford to give up trying to find solutions for a problem that doesn’t exist, says OPSEU First Vice President/Treasurer, Eduardo (Eddy) Almeida.

“The solution has been there in front of them all along,” says Almeida.  “How many failed attempts and half-baked ideas are they going to try?”

“First Mr. Ford hits us with a crazy lottery scheme that resulted in only a handful of stores operated by people as random as the process that selected them and now he just wants to open this up as a free-for-all? We need a clear and thoughtful plan, and the LCBO is the solution.”

SOURCE Ontario Public Service Employees Union (OPSEU)

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Cannabis

CannTrust Provides Default Status Report

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CannTrust Holdings Inc. (“CannTrust” or the “Company”, TSX: TRST, NYSE: CTST) today is providing a status update in accordance with its obligations under the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”), which require the Company to provide bi-weekly updates until such time as the Company is current with its filing obligations under Canadian securities laws. As previously announced, the Company is subject to a management cease trade order (“MCTO”) issued by the Ontario Securities Commission. The MCTO prohibits the directors and executive officers of the Company from trading in or acquiring securities of the Company until two full business days after the Company files an interim financial report for the three and six month periods ended June 30, 2019, an interim management’s discussion and analysis for the corresponding period and certifications of interim filings. The MCTO does not affect the ability of investors who are not insiders to trade in the securities of the Company.

Timing of Financial Results

Although the Company is continuing to make progress in working with its independent auditor in connection with its restated audited financial statements for the year ended December 31, 2018, its restated interim financial statements for the first quarter of 2019, and its interim financial statements for the second and third quarters of 2019, together with the related management’s discussion and analysis for the corresponding periods, such financial statements are unlikely to be completed and filed before the end of the calendar year.

The Company advises that: (i) other than as disclosed above, there have been no material changes to the information contained in the Company’s August 16, 2019 news release, August 29, 2019 news release, September 12, 2019 news release, September 26, 2019 news release, October 10, 2019 news release, October 24, 2019 news release, and November 7, 2019 news release; (ii) it intends to continue to comply with the alternative information guidelines of NP 12-203; and (iii) except as previously disclosed, there are no subsequent specified defaults (actual or anticipated) within the meaning of NP 12-203.

Forward-Looking Statements

This press release contains “forward-looking information” within the meaning of Canadian Securities laws and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable United States safe harbor laws, and such statements are based upon CannTrust’s current internal expectations, estimates, projections, assumptions and beliefs and views of future events. Forward-looking information and forward-looking statements can be identified by the use of forward-looking terminology such as “believes”, “expect”, “likely”, “may”, “will”, “should”, “intend”, “anticipate”, “potential”, “proposed”, “estimate” and other similar words, including negative and grammatical variations thereof, or statements that certain events or conditions “may”, “would” or “will” happen, or by discussions of strategy.

The forward-looking information and statements in this news release include statements relating to the corrective actions being taken by the Company, and Health Canada’s pending determinations. Forward-looking information and statements necessarily involve known and unknown risks, including, without limitation: actions taken in respect of the Company’s products by its customers and regulators; results of Health Canada’s investigation, including orders and compliance measures required by Health Canada and their impact on the operations, inventory, assets and financial condition of the Company; the Company’s implementation of remediation plans and related actions; regulatory approval; risks associated with general economic conditions; adverse industry events; loss of markets; future legislative and regulatory developments in Canadathe United States and elsewhere; the cannabis industry in Canada generally; and, the ability of CannTrust to implement its business strategies.

Any forward-looking information and statements speak only as of the date on which they are made, and, except as required by law, CannTrust does not undertake any obligation to update or revise any forward-looking information or statements, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for CannTrust to predict all such factors. When considering these forward-looking information and statements, readers should keep in mind the risk factors and other cautionary statements in CannTrust’s Annual Information Form dated March 28, 2019 (the “AIF”) and filed with the applicable Canadian securities regulatory authorities on SEDAR at www.sedar.com and filed as an exhibit CannTrust’s Form 40-F annual report under the United States Securities Exchange Act of 1934, as amended, with the United States Securities and Exchange Commission on EDGAR at www.sec.gov. The risk factors and other factors noted in the AIF could cause actual events or results to differ materially from those described in any forward-looking information or statements.

The TSX and NYSE do not accept responsibility for the adequacy or accuracy of this release.

SOURCE CannTrust Holdings Inc.

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