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Trax and LenzTech join forces to digitize the physical world of retail at scale and speed of China

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BEIJING & SINGAPORE–(BUSINESS WIRE)–Trax,
the world’s leading provider of computer vision and analytics solutions
for the retail industry, and LenzTech, China’s leading retail AI and Big
Data service platform, are joining forces to provide Chinese Consumer
Packaged Goods companies (CPGs) with greater visibility into store
conditions for better in-store execution, promotion optimization and
merchandising strategies. The merger combines Trax’s best-in-class
technologies with LenzTech’s in-market expertise in AI and crowdsourcing
to ‘digitize’ China’s physical world of retail.

Trax provides in-store execution solutions, market measurement and
consulting services for CPG brands and retailers by leveraging its
cutting-edge computer vision, machine learning and IOT platform – which
turns photos of retail shelves into granular, actionable shelf and
store-level insights. Top brands and retailers leverage Trax in over 50
countries, to drive execution excellence and increase sales and market
share.

LenzTech the market leader in AI powered, crowdsourcing services in
China, leverages its 800,000 userbase to perform tasks like taking
images of a store shelf. With 50,000 monthly active users, LenzTech
covers over 1000 cities including all counties and most townships across
China.

With their combined platforms, Trax and LenzTech intend to put the power
of AI into the hands of consumers across China. This will uniquely serve
global and local brands for better auditing efficiency and enhanced
insights across all store formats at unprecedented speed and scale.

Dror Feldheim, Trax’s CCO and Co-founder, said: China is set to
be the world’s largest retail market this year1, and there is
a clear need for a solution that enables brands to hone their in-store
execution and increase their margins. The union of LenzTech and Trax’s
technologies will make our offering the powerhouse retail execution
solution in China. We have consistently been impressed with LenzTech’s
innovation, footprint and its vision and look forward to transforming
the new retail landscape together.”

James Tang, CEO LenzTech, said:Trax’s leadership philosophy is
very similar to our own. We are both committed to helping brands realise
the vast opportunities in physical retail channels and capitalise on the
moment of retail transformation in China today. We look forward to
working together with Trax to demonstrate to brands how they can
leverage the very best in breed AI technologies to collect and acquire
comprehensive data and insights that is more accurate, objective and
with rapid effectiveness to unlock smarter business decisions at all
point of sale.

The merger will also see Trax establish a dedicated Research and
Development center in China to drive innovation that addresses market
specific challenges. The company will invest heavily in growing its team
in the region, led by James Tang, who Trax has named as, General Manager
& President, Greater China.

Trax announced its entrance into the Chinese market last
January
with strong support from its lead investor, global private
equity firm, Warburg Pincus and later
in 2018
, closed its largest investment round to date of US$125
million led by Boyu
Capital
, one of China’s preeminent private equity investment firms.
LenzTech closed its C level round of funding from Shanghai Lansanmuyi
Investment Management Co and Xianfeng Changqing in April last year.

About Trax

Trax is the leading provider of computer vision solutions and analytics
for retail. It recently was selected as a Red Herring Top 100 Global and
ranked in the top 25 Fastest Growing Companies on Deloitte’s Technology
Fast 500 list. The company enables tighter execution controls in-store
and provides clients with the ability to leverage competitive insights
through its in-store execution tools, market measurement and consulting
services and to unlock revenue opportunities at all points of sale. Many
of the world’s top brands and retailers leverage Trax globally in more
than 50 countries to manage in-store execution and increase revenues at
the shelf. Trax is headquartered in Singapore with offices worldwide. To
learn more about Trax, please visit www.traxretail.com.

About LenzTech

LenzTech is a global leader of image recognition technology in the
consumer goods and retail industry with the biggest crowdsourcing
platform in China. LenzTech was awarded by i-China forum“the Best
Innovative Enterprise in new retail solutions”recently, CEO James Tang
ranked 24th in China elites in AI industry”. The
crowdsourcing platform “PPZ”, developed by LenzTech technology team,
which can provide various services including promotion execution
investigation, mystery shopper survey and marketing analysis for
competitive products, can help brand owners acquire objective data and
market information rapidly and economically on the national scale.
Hundreds of world-renowned clients have utilized LenzTech’s solution to
digitize and visualize real-time channel execution and grasp market
dynamics. LenzTech is headquartered in Beijing with a commercial centre
in Shanghai. For more information please visit www.lenztechretail.com.

1 https://www.emarketer.com/newsroom/index.php/2019-china-to-surpass-us-in-total-retail-sales/

Contacts

Fei Fei Ho, Trax
Global VP, Marketing & Communications
FeiFei@TraxRetail.com

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PURA Cannabis Cultivation Spinoff and Dividend Breaking News Update

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Dallas, Texas–(Newsfile Corp. – July 10, 2020) – Puration, Inc. (OTC Pink: PURA) now has the following update to the press release published this morning about the management buyout of a separate public company that will in turn purchase PURA’s cannabis cultivation spinoff in exchange for common stock scheduled to close today. The management buyout has been executed by all parties. The purchase is scheduled to be funded on Monday. The management/owner team plans to make a formal announcement on Tuesday, July 14, 2020 (the formal announcement was previously expected on Monday, but to ensure funding is complete first, the announcement is now scheduled for the next day).

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PURA – Logo

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The common stock issued in exchange for the PURA spinoff is intended to be issued to PURA shareholders in a dividend distribution.

NCM Biotech, a subsidiary of Kali-Extracts (OTC Pink: KALY) will also be acquired and merged with PURA’s cannabis spinoff.

The management team purchasing control of the target public company is expected to confirm the planned acquisitions of PURA’s cannabis cultivation company and KALY’s NCM Biotech in the announcement now scheduled for Tuesday, July 14, 2020.

PURA’s cannabis cultivation operation is thriving. The operation has recently purchased and relocated to a new property from its former leased property. Texas lawmakers have recently implemented hemp friendly farming regulations and in so doing, universities within the State of Texas have initiated hemp farming research programs. PURA’s cannabis cultivation spinoff has initiated a number of joint research applications with Texas universities.

NCM Biotech is focused on medical research and the development of treatments derived from its patented cannabis extraction process. See a recent research report on CBD extracts derived from NCM Biotech’s patented extraction process: Journal of Cannabis Research.

For more information on Puration, visit http://www.purationinc.com

Disclaimer/Safe Harbor:

This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.

Contact:
Puration, Inc.
Brian Shibley,
info@aciconglomerated.com
(800) 861-1350

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/59533

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Cannabis

PURA Ongoing EVERx CBD Sports Water Sales Fuel Expansion

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Dallas, Texas–(Newsfile Corp. – July 10, 2020) – Puration, Inc. (OTC Pink: PURA) management today indicated that its EVERx CBD Sports Water sales remain strong and continue to support the company’s expansion plans to diversify into additional CBD infused consumer product lines.

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PURA – EVERx CBD Sports Water
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After launching an acquisition campaign in January, PURA has acquired four businesses ranging from CBD confections, to CBD pet products, to CBD sun care products and CBD sexual wellness products. PURA is building a brand name strategy to relaunch the acquired products. Management emphasizes that PURA’s success with EVERx CBD Sports Water is the ongoing catalyst making PURA’s diversified expansion possible.

For more information on Puration, visit http://www.purationinc.com

Disclaimer/Safe Harbor:

This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.

Contact:
Puration, Inc.
Brian Shibley,
info@aciconglomerated.com
(800) 861-1350

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/59529

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SLANG Worldwide Announces Election of New Directors

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Toronto, Ontario–(Newsfile Corp. – July 10, 2020) – SLANG Worldwide Inc. (CNSX: SLNG) (“SLANG” or the “Company“), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced the election of four new directors who will add considerable expertise in consumer products, marketing, corporate strategy and financial management to its Board.

Joining SLANG’s Board are the following individuals:

  • Chris Donnelly is the founder of four start-up ventures across consumer products, digital marketing, and outdoor advertising. In 2002, Mr. Donnelly helped create the subsidiaries group within Nike. In 2006, Mr. Donnelly joined Oakley as SVP of Global Strategy and Product, where he rebuilt the organizational structure for all 3,000 employees to align the company around its top priorities. Over 9 years, through 450 new retail stores and 4 website launches, he shifted the direct to consumer business from 11% of revenues to 48%. Since 2016, Mr. Donnelly has spent his time advising and investing in consumer businesses.

  • Kelly Ehler is a Chartered Accountant and former auditor with PWC and banker with Bank of Montreal. He has sat on various public company corporate boards and board committees including additional roles as Audit Committee chair. He has led several companies, from start-ups to billion-dollar public companies, as CFO in a variety of industries and countries. His experience covers debt financing, due diligence, acquisitions and dispositions, audits, consolidations, multi jurisdiction entities and multijurisdictional public companies. Mr. Ehler also serves as CFO of SLANG.

  • Matt Fraser is President and COO at CANarchy Craft Brewery Collective (“CANarchy”) where he leads all business operations across the portfolio of craft breweries. Under his leadership, CANarchy has grown to the 8th largest craft brewery in the United States and operates 8 manufacturing locations and 16 brewpubs and taprooms. He initially joined CANarchy as CFO, with responsibility for financial reporting and analysis, forecasting and overall budget management. Mr. Fraser previously spent eight years at Lazard Frères in its Middle Market advisory group.

  • Robert (Bob) Verdun specializes in helping businesses with their go to market/growth strategies and effective ways to maximize shareholder value. He has recently been involved in dozens of M&A transactions, advising company owners on strategies for growth, acquisitions, mergers and capital raises. As President and Chief Executive Officer of Computerized Facility Integration, Mr. Verdun established partnerships with some of the leading companies in its industry and became IBM’s largest global partner for multiple product lines.

“We are very pleased to welcome four new directors with tremendous experience leading and counseling growth companies across a range of sectors. Their insights will be valuable as SLANG continues to execute on its vision of becoming the leading CPG company in the cannabis space,” said SLANG Chairman and CEO Peter Miller. “On behalf of the Company, I would also like to thank Chris McElvany, William Stocks and Olaf van Tulder for their contributions to our Board during the crucial early stages of our growth.”

All seven of the nominees listed in the Management Information Circular dated June 9, 2020 were elected as directors of the Company at its annual and special meeting of shareholders held in a virtual format on July 8, 2020. Re-elected directors include Chris Driessen, Peter Miller and Keith Stein. Messrs. Donnelly, Fraser, Stein and Verdun are all considered independent directors of the Company.

Media and Investor inquiries

Investors@SLANGworldwide.co

About SLANG Worldwide Inc.

SLANG Worldwide Inc. is a global leader in the cannabis CPG sector with a diversified portfolio of popular brands distributed across the United States. The Company specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. SLANG is listed on the Canadian Securities Exchange under the ticker symbol SLNG. For more information, please visit www.slangww.com.

Forward-Looking Statements

This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur.

Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management of SLANG at this time, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual results to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. Applicable risks and uncertainties include, but are not limited to regulatory risks, risks related to the COVID-19 global pandemic, changes in laws, resolutions and guidelines, market risks, concentration risks, operating history, competition, the risks associated with international and foreign operations and the other risks identified under the headings “Risk Factors” in SLANG’s final long form prospectus dated January 17, 2019 and “Risks and Uncertainties” in the management discussion and analysis for the year ended December 31, 2019, as filed on SEDAR at www.sedar.com. SLANG is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/59516

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