Grass Valley, CA - (NewMediaWire) - February 27, 2019 - Simlatus Corporation (OTC PINK:SIML) (“Simlatus” or the “Company”) announces that its CBD division, Proscere Bioscience, has reached a closing date on or before March 31, 2019 with a Swiss-based CBD company. Proscere Bioscience manufactures and distributes commercial cold-water CBD extraction systems. This advanced method and technology is highly effective in producing medical-grade CBD.Richard Hylen further stated, “Our CBD extraction systems range from $750,000 for a high-end commercial system capable of 3000 gallons per day, to our low-end model costing $400,000. The company in Switzerland will receive an exclusive 5 year license with sell volume discounts of up to $50M per year. Europe is already a fertile ground for hemp and it’s growing fast thanks to the increasing consumption of other hemp-based products. In 2016, 33,000 hectares of hemp were cultivated on the continent, which equals about 81,500 acres. In the same year, the United States grew 9,650 acres.”Mr. Hylen further stated, “Our European target is the large pharmaceutical companies. Epidiolex, which is CBD based, is used to treat seizures. CBD can be used to help people suffering with a wide range of ailments. From treating pain, inflammation, infections, sleep issues and mood disorders. CBD is also proven to support the immune system, protects the brain and fights cancer. Our commercial cold-water CBD extraction system is expected to yield $225M over the next 5 years, based upon expected growth and application.” Safe Harbor for Forward-Looking Statements: This news release contains forward-looking statements which are not statements of historical fact. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to changes in general economic and financial market conditions. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.Contact: Richard Hylen, CEO Tel: (530) 205-3437
Seattle, WA - (NewMediaWire) - February 27, 2019 - CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article discussing PotBotics Inc., a leading data aggregation and technology company in the global medical cannabis market. The company launched an innovative new vaporizer in December designed specifically for medical cannabis users. Investors may want to take a closer look at vaporizer trends and the company’s innovative approach as it looks to go public over the near-term.CFN Media recently sat down with PotBotics Co-founder and CEO David Goldstein to demonstrate the company’s innovative new vaporizer product, RYAH:Please click here to see PotBotics CEO VideoGrowing Market for VaporizersThe global e-cigarette and vaporizer market is projected to grow at a 20.8 percent compound annual growth rate to $61.4 billion by 2025, according to Research and Markets, which notes that the cannabis industry is a major source of growth in the industry. While the recreational cannabis industry represents a large potential market, vaporizers could be most impactful in the medical cannabis market where patients need alternatives to smoking.Most medical users still smoke cannabis as their primary delivery method. After all, igniting buds is the simplest way to reach temperatures needed to release cannabinoids. The problem is that smoke inhalation delivers damaging carcinogens and other materials through the bronchial tree and into the lungs. Long-term exposure to these chemicals in the lungs can lead to a range of medical conditions, including COPD and lung cancer. Ignition methods can also be very inconsistent, which makes it hard to achieve predictable results.Vaporizers are an increasingly popular alternative with fewer, if any, negative side-effects. Instead of burning buds and producing smoke, vaporizers dehydrate buds in a way that releases cannabinoids without ever catching fire. No carcinogens or other harmful chemicals ever enter the lungs, but users still benefit from the greater bioavailability of smoking versus other consumption methods that are subject to metabolism by the liver.Please Click Here to see an Investor PresentationRYAH Ensures Predictable ResultsMedical cannabis enjoys widespread support among doctors. In fact, a 2013 survey found that more than three-quarters of doctors would approve the use of medical marijuana. The problem is that there are few standardized delivery methods that guarantee dosages and measure the effects of cannabinoids in individual patients. In other words, it’s much harder for a doctor to tell a patient to go to a dispensary than for them to write a prescription.PotBotics, a leading data aggregation and technology company in the global medical cannabis market, aims to change those dynamics with its new dose-measuring vaporizer. RYAH is the first vaporizer that lets users track and control a wide range of variables—including inhalation amount and temperatures—to ensure consistent and predictable results when used with its medical-grade oil or dry herb capsules.The company’s companion app lets consumers easily set their dosing parameters and track what medicine works best for them. In addition, the data can be shared with physicians and compiled into meaningful data sets to analyze efficacy. The company’s long-term goal is to advance the understanding of cannabinoids to a point where they can predict patient outcomes by measuring both individual experiences and medical literature.“Consumers have picked up the micro-dosing trends, but unknowingly, have also accepted a lack of transparency for their medical regimen,” says PotBotics CEO David Goldstein. “RYAH is here to break that mold. We are very pleased to bring state-of-the-art technology to complement our existing suite of products in order to further understand and predict patient outcomes.”Looking AheadPotBotics Inc. has developed an innovative vaporizer that cuts through the oversaturated market to help medical cannabis patients ...
COLORADO SPRINGS, Colo., Feb. 26, 2019 (NewMediaWire) -- Gold Resource Corporation (NYSE American: GORO) (the “Company” or “GRC”) today announced an eighth consecutive year of profitability, reporting net income of $9.3 million or $0.16 per share. The Company also confirmed its previously announced 2018 annual mill production of 26,838 gold ounces and 1,672,034 silver ounces for 47,622 precious metal gold equivalent ounces. The Company announced its 2019 Oaxaca Mining Unit precious metal Outlook targeting 27,000 gold ounces and 1,700,000 silver ounces plus or minus a 10 percent range. The Company’s Nevada Mining Unit’s 2019 gold Outlook is scheduled to be announced after Isabella Pearl production commences, targeted by June 2019 or before. The Company targets its first 12 months of Isabella Pearl production to be approximately 29,000 gold ounces, plus or minus a 10% range. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, U.S.A. The Company has returned $111 million to its shareholders in monthly dividends since commercial production commenced July 1, 2010 and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery.2018 ANNUAL HIGHLIGHTSAchieved eighth consecutive year of profitability;Achieved 2018 gold production range with 26,838 ounces;Achieved 2018 silver production range with 1.67 million ounces;$115.3 million net sales, an increase of 5%;$9.3 million net income or $0.16 per share;$84 total cash costs after by-product credits per precious metal gold equivalent ounce sold;$655 total all-in sustaining cost per precious metal gold equivalent ounce sold;Obtained necessary permits to construct and operate Isabella Pearl Project;$15.4 million cash flow deployed to build the Isabella Pearl project;$15 million recent equity raise to fund estimated Isabella Pearl project completion;Working capital of $13.5 million;Commenced Isabella Pearl construction and completed heap leach pad;Commenced Isabella Pearl mining, crushing, and ore placement on the heap leach pad;$1.1 million distributed in shareholder dividends, totaling over $111 million since 2010;Global Proven & Probable Reserve tonnes increased by 16% year-over-year;Global Proven & Probable Reserve gold ounce increase by 17.9%, silver increase by 14.2%.2018 Overview“I am very pleased to report that for 2018, Gold Resource Corporation delivered its eighth consecutive year of profitability,” stated Gold Resource Corporation CEO and President, Mr. Jason Reid. “Our Company achieved its annual Oaxaca Mining Unit production goals at a low all-in sustaining cost per ounce of $655 and posted annual net income of $9.3 million or $0.16 per share. In May of 2018, we were granted the permits to construct and operate a mine at our Nevada Mining Unit’s Isabella Pearl project. We broke ground in June and are not only on target for our stated 12-month project build, we target first gold sales by June of 2019, if not before. We deployed $15.4 million of our cash and cash flow for Isabella Pearl construction. We also recently raised $15 million through an ATM equity program with H. C. Wainwright & CO., which we believe will provide sufficient funding to complete construction. The financing through the ATM program equated to a modest 6.3% dilution for our targeted over 100% increase in global annual gold production. We are firing on all cylinders, executing on our business plans, positioned for substantial production growth, and increased future monthly dividends. Our planning and effort for increasing shareholder value has been in the works for some time and we are excited to see our plans come to fruition.”For the year ended December 31, 2018, the Company sold 41,904 precious metal gold equivalent ounces at a total cash cost of $84 per gold equivalent ounce. Realized 2018 average sales prices were $1,259 per ounce for gold and $15.65 per ounce for silver. The Company recorded revenues of $115.3 million, and net income of $9.3 million, or ...
San Francisco, CA, Feb. 26, 2019 (NewMediaWire) -- SourcingLink.net (OTC PINK: SNET), an early stage oncology company, is a pioneering company based in San Francisco, California, USA. The company announced today that it signed a Letter of Intent to collaborate with NanoSmart Pharmaceuticals, Inc., a California-based company developing novel drug formulations to treat cancer. The collaboration includes co-development and an exclusive, world-wide license for specific formulations to treat cancer utilizing NanoSmart's proprietary ‘targeted’ drug delivery system that is designed to enhance delivery of drugs to a wide variety of cancer tumors. SourcingLink.net is excited about the collaboration opportunity because new or already-approved chemotherapy drugs can be reformulated with greater efficacy and safety for treating cancer patients. The company believes that the reformulated drugs, subject to approval by the FDA and/or regional regulatory bodies, may be used as a monotherapy, or as a ‘combo-therapy’ with SNET’s autologous cellular immuno-therapy approach, or with other therapies such as immune check point inhibitors. SNET expects to enter into a full exclusive ‘world-wide’ licensing and co-development agreement with NanoSmart under the terms of the Letter of Intent signed on February 25th, 2019. The use of NanoSmart's enhanced drug delivery platform combined with pharmacogenomics and liquid biopsy for personalizing the therapy should augment cancer drug effectiveness and safety, and improve treatment monitoring, according to the company. Currently, SNET is focused on developing its ‘core’ autologous extracorporeal immuno-therapy device for a durable response. About SourcingLink.net:SourcingLink.net, Inc. ("SNET") is a pioneering oncology company dedicated to developing , manufacturing and commercialization of therapeutics. SNET licensed Tulynode's patent pending Autologous Immuno-therapy for durable therapy response using an extracorporeal device. SourcingLink.net prides itself for having a world-class Advisory Board that keeps the Company leadership in the forefront of developing technologies in cancer research, biotechnology and healthcare. SourcingLink.net is currently engaging in research and development of therapeutics for oncology. SourcingLink.net is committed to its core corporate mission and values of highest U.S. Pharma Code of Conduct standards of behavior for being in compliance with the laws, regulations, company directives and guidance.Forward-looking Statements: This release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which contain words such as “expect”, “believe” or “plan”, by their nature address matters that are, to different degrees, uncertain. These uncertainties may cause actual future events to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.One Sansome Street, Suite 3500 San Francisco, CA 94104 Phone: 415-869-1038 Fax: 415-946-8801 email: info@sourcinglink.net website: www.sourcinglink.net
Barcelona, SPAIN - (NewMediaWire) - February 26, 2019 - ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, today hosted 5G Summit 2019 to show its commitment to embracing 5G Era, at Mobile World Congress 2019 in Barcelona on February 25, 2019. The summit brings together over 300 executives and representatives from world-renowned telecom operators, chip makers, and vertical industries to explore how a smarter, connected world can be built. ZTE’s key global customers and partners, including China Mobile, China Telecom, China Unicom, VEON, Telenor, Telkomsel, Windtre, Qualcomm, Intel, and Tencent, have attended the summit to share their 5G network deployment experience and business model innovation.“As the leading pioneer in 5G, ZTE has the full range of end-to-end products and solutions, and will explore 5G development together with all of you,” said Wang Xiyu, ZTE’s CTO in his opening speech for the summit. “Adhering to technology leadership, ZTE will be committed to being the best partner of all of you.” Dr. Chih-Lin I, Chief Scientist of China Mobile Research Institute, Wireless Technologies, also shared China Mobile’s experience and deployment strategies towards an open and smart 5G RAN. At Mobile World Congress 2019, China Mobile and ZTE have jointly verified the enhancement of load balancing based on the O-RAN framework and explored the application of artificial intelligence in a wireless network.Yogesh Malik, Group CTO of VEON, introduced VEON’s vision for its digitization journey and shared the company’s impressive experience and strategy on emerging markets in the 5G era. As one of the world’s top 10 mobile operators, VEON focuses on the improvement of network efficiency and virtualization of the core network so as to provide end users with more digital service, utilizing massive data in the network to create values. Furthermore, Dr. Xiang Jiying, Chief Scientist of ZTE Corporation, delivered a keynote entitled, “Get Ready for 5G Commercial Deployment”. He said that as a major vendor that is able to provide 5G end-to-end solutions, ZTE has accumulated many 5G key technologies, including Massive MIMO, NOMA, and mmWave scattering. In addition, at Mobile World Congress 2019, Intel and ZTE have jointly launched Light Cloud solution for 5G. The solution is based on Intel's innovative Edge products, which are seamlessly integrated and built into ZTE’s flagship optical fiber access platform, TITAN, thereby realizing MEC and NFV deep convergence.Wenjia Wu wu.wenjia@zte.com.cn
Spring Hope, NC - (NewMediaWire) - February 26, 2019 - Hemp, Inc. (OTC PINK: HEMP), a global leader in the industrial hemp industry with bi-coastal processing centers including the 85,000 square-foot multipurpose industrial hemp processing facility in Spring Hope, North Carolina, a state of the art processing center in Medford, Oregon, and a 500-acre hemp growing Eco-Village in Golden Valley, Arizona, announced today that the Company has agreed upon a stock share with Gunpowder Capital Corporation, a Canadian merchant bank and advisory services firm.The stock share will be Gunpowder Capital Group’s first foray into the hemp industry. Seeing the high demand for hemp throughout the United States, both companies agree that with the opening of enormous opportunities in the hemp industry through the 2018 U.S. Farm Bill, the market is going to experience great growth through the coming months and years. “With the increased focus on the hemp industry throughout the United States, and even the world, Hemp, Inc. is happy to be the first to welcome Gunpowder Capital Corporation into this evolving industry,” said Hemp, Inc. CEO Bruce Perlowin. “Since the legalization of hemp in the Farm Bill in 2018, we have seen states pull out every stop to help get their farmers growing hemp as soon as possible to allow for increased income and jobs to fill the demand. There is no better time to enter this industry than today.”Hemp is an industry that is expected to improve the economy of each state that grows it. In fact, hemp revenue is expected to grow 27 percent annually, and become a $5.7 billion industry by the year 2020. Hemp, unlike cannabis, is a non-psychoactive product that can be used for a variety of industrial items such as food, clothing, building materials, cleaning up oil spills, and amending soil. According to Congressional Research Service, until recently, the U.S. imported, on average, $100 million of hemp products each year. Legalization will now allow American farmers and companies to fill that demand.“We are excited to enter the hemp industry at such a pivotal time in history,” said Gunpowder Capital Corporation CEO Frank Kordy. “We have watched this market for some time waiting for the appropriate time to enter this lucrative and fast growing U.S. hemp market. We have chosen Hemp, Inc. to speed our entry into the US market with its potential benefits to our shareholders.“The U.S. has enormous farming infrastructure and access to vast amounts of arable land. Coupled with the change in U.S. law, it will allow the U.S. to soon become a world class exporter of hemp products instead of mostly importing hemp products. It is our desire to capitalize on that opportunity and we believe Hemp, Inc. can put us on the fast track to achieving that goal,” added Kordy.Currently, 25 states are already growing hemp, with many more on their way to approval of regulations. In Arizona, a state that is hoping to fast-track a bill to make hemp farmable by June 2019, Hemp, Inc. is already preparing for the boom through their partnership with Veteran Village Kins Community. The community is a solar and wind-powered facility on 500 acres that is designed to grow hemp and produce cannabidiol (CBD) products. The products will benefit veterans, as well as generate revenue for Hemp, Inc. “We are ready to continue the progression of The Great United American Hemp Grow-Off,” added Perlowin. “To do so, we will be working alongside growers from multiple states and looking for additional partnerships so we can do our part to blast through the predicted $5.7 billion dollars in hemp industry sales. In the past, the United States imported millions of dollars in hemp products each year, and now, the hard working American people can tap this market.” Hemp, Inc.’s Local Processing Center in Medford, Oregon is one of the most sophisticated processing centers focusing on hemp flower drying, curing and post-processing for the CBD hemp industry. Hemp, Inc. is planning further significant investment in the Southern Oregon area to expand the services it offers ...
New York, NY - (NewMediaWire) - February 26, 2019 - Tauriga Sciences, Inc. (OTCQB: TAUG) (“Tauriga” or the “Company”), engaged in building its business through the development, distribution, and licensing of proprietary products as well as the evaluation of potential acquisition opportunities and equity investments, today announced that it has completed the production of the initial inventory tranche of its CBD infused chewing gum (“CBD Gum”); branded as Tauri-Gum™. The manufacturer is waiting for the final printed sleeves and display trays, after which the product packaging can be completed. The physical blister packs have already arrived at the manufacturer and the Company can confirm that it will meet its previously stated timeline; the commercial launch will occur during March 2019. In other news, the Company continues to progress in its efforts to list its Tauri-Gum™ product on Amazon. The Company is focusing its efforts, over the next several days, on the completion of a legal confirmation letter to attest to the adherence of Tauri-Gum™ to the Federal rules and regulations that govern this space. Lastly the Company is working expeditiously to complete the construction of its E-Commerce site for the sale of Tauri-Gum™. As previously mentioned, this E-Commerce site is being built under the following URL address: (www.taurigum.com). ABOUT: TAURIGA SCIENCES, INC.Tauriga Sciences, Inc. (TAUG) is engaged in building business through the development, distribution, and licensing of proprietary products as well as the evaluation of potential acquisition opportunities. One such opportunity on which the Company has acted, involves the Company having entered into the cannabidiol (or “CBD”) infused chewing gum product business, as more fully described above and in prior press releases. This CBD infused chewing gum product has been branded under the following name: Tauri-GumTM. See also our periodic reports filed by us with the SEC for a more complete description of our business and material agreements that we have entered into. Further, the Company continues to identify and evaluate additional potential opportunities to generate revenue, as well as shareholder value, and leverage its resources and expertise to build a diversified and sustainable business model. Please visit our corporate website at www.tauriga.com.In addition, the Company is currently constructing an E-Commerce site for the sale of its CBD Infused Chewing Gum. This site is being constructed under the following URL address: www.taurigum.comForward-Looking StatementsThis press release contains certain “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995 which represent management’s beliefs and assumptions concerning future events. These forward-looking statements are often indicated by using words such as “may,” “will,” “expects,” “anticipates,” believes, “hopes,” “believes,” or plans, and may include statements regarding corporate objectives as well as the attainment of certain corporate goals and milestones. Forward-looking statements are based on present circumstances and on management’s present beliefs with respect to events that have not occurred, that may not occur, or that may occur with different consequences or timing than those now assumed or anticipated. Actual results may differ materially from those expressed in forward looking statements due to known and unknown risks and uncertainties, such as are not guarantees of general economic and business conditions, the ability to successfully develop and market products, consumer and business consumption habits, the ability to consummate successful acquisition and licensing transactions, fluctuations in exchange rates, and other factors over which Tauriga has little or no control. Many of these risks and uncertainties are discussed in greater detail in the “Risk Factors” section of Tauriga’s Form 10-K and other filings made from time to time with the Securities and Exchange Commission. Such forward-looking statements are made only as of the date of ...
Phoenix, AZ - (NewMediaWire) - February 26, 2019 - For The Earth Corporation (the “Company” or “FTEG”) (OTCMKTS: FTEG) is excited to announce immediate plans for the establishment of a new state-of-the-art CBD extraction and production facility to be located in Eugene, OR. The facility will complement the Company’s already-established retail CBD footprint, which includes mall stores, mall kiosks, vending machines, and e-commerce storefronts, with physical locations in both Las Vegas and New York City.“We see For The Earth as an integrated CBD producer and retailer in the making,” stated Nelson Grist, CEO of FTEG. “In more mature industries, the value is in strategic partnerships and collaboration, but CBD is a frontier industry – as is anything related to cannabis right now. That means the lion’s share of the value lies in getting the best deals up the supply chain. There’s no better way to ensure the best possible pricing and dependability into the storefront than to buy from yourself.”Management notes that estimates for growth in the CBD space have been sharply boosted by the signing of the 2018 Farm Bill into law, with some research and analysis firms now anticipating well over $20 billion in total CBD sales in North America over the next 3 years, representing more than a 20-fold increase from current levels.“We have a lot of faith in the end-demand projections for this market because the vast majority of Americans haven’t discovered CBD yet,” continued Mr. Grist. “As more and more do, this market will suddenly seem vastly undersupplied, and we will have a direct route from extraction facility to end market consumer with no wildcards along the way. We love that positioning model and see a clear path to making it happen. We are getting started on the Eugene project and look forward to keeping our shareholders posted as it progresses.”About For The Earth CorporationFor The Earth Corporation is an emerging integrated CBD producer and retailer in the United States. The Company is in the process of establishing a vertical framework that will extend from cultivation to extraction and production to a strategic retail footprint that includes multiple locations in Las Vegas and New York featuring mall kiosks, vending machines, e-commerce, and full store locations serving both the human and pet CBD markets. Two mall leases have been signed recently in Las Vegas, with another vending machine location secured in New York City. The Company plans to expand its New York vending machine penetration by the end of 2019. In addition, the Company has begun early-stage work to establish a state-of-the-art CBD extraction and production facility in Eugene, OR.Forward-Looking StatementsExcept for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See For The Earth’s filings with OTC Markets, which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.Safe Harbor StatementThis release includes forward-looking statements, which are based on certain assumptions and reflect management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or ...
Tarrytown, NY - (NewMediaWire) - February 26, 2019 - Nightfood, Inc. (OTCQB: NGTF), the innovative company solving America’s $50 billion-dollar nighttime snacking problem, has announced entry into the northern California market through a distribution relationship with the Wonder Ice Cream Company.Wonder is headquartered in Santa Clara, less than 10 miles north of San Jose, and about 45 miles south of San Francisco and Oakland. Wonder serves thousands of convenience stores, independent supermarkets, and specialty retailers across all of northern California, from Bakersfield to the Oregon border, and distributes brands such as Breyer’s, Ben & Jerry’s, Klondike, and Good Humor.Among the several thousand retail outlets Wonder services, there are approximately 300 upscale, high-volume, independent supermarkets which will be stocking Nightfood immediately, within the next four to eight weeks.“We’re thrilled to so quickly add a substantial presence in and around the San Francisco Bay Area,” commented Sean Folkson, CEO of Nightfood. “Over time, we expect the amount of business we do with Wonder to grow dramatically as some of the national accounts they currently service begin to carry Nightfood.”The highly anticipated national roll-out of Nightfood continues. The brand recently won 2019 Product of the Year in the ice cream category, in a survey of over 40,000 consumers conducted by Kantar Group.“The amount of media the Nightfood brand has received in recent weeks made this relationship very attractive for us,” stated Eric Capuchino, General Manager of Wonder. “We anticipate this product to be very much in demand among the clientele serviced by our upscale, independent supermarkets.”The Company has already shipped product to fulfill the initial Wonder purchase order, which was received on February 19. As of the date of this release, Nightfood revenues to date for the current quarter have surpassed the $102,188 reported for the quarter ending September 30, 2018, making this the highest revenue quarter in Company history. About Nightfood Holdings:Nightfood Holdings, Inc. (OTC: NGTF), owns Nightfood, Inc. and MJ Munchies, Inc. On Feb 8, 2019, it was announced that Nightfood ice cream won the 2019 Product of the Year award in the ice cream category in a Kantar survey of over 40,000 consumers. With the overwhelming majority of at-home ice cream consumption occurring in the hours before bed, Nightfood’s sleep-friendly nighttime ice cream, formulated by sleep and nutrition experts, delivers benefits found in no other product on the market.Market research giant Mintel recently released a report identifying nighttime specific food and beverages as one of their most “compelling and category changing” trends for 2017 and beyond. Nightfood ice cream is rolling out nationally, and has recently announced distribution in the popular Meijer supermarket chain throughout the Midwest, with concentration in the metropolitan areas of Chicago, Detroit, Indianapolis, Columbus, and Milwaukee.To enter the Nightfood® Ice Cream Giveaway, where the Company is giving away a one-year supply of Nightfood ice cream, plus a brand-new freezer to store it in, visit http://nightfoodicecream.com – each entrant gets a coupon for a free pint of ice cream (some purchase required).MJ Munchies, Inc. was formed in 2018 as a new, wholly owned subsidiary of Nightfood Holdings, Inc. to capitalize on legally compliant opportunities in the CBD and marijuana edibles and related spaces. The Company intends to market some of these new products under the brand name “Half-Baked”, for which they’ve successfully secured trademark rights. For more information, visit http://ir.Nightfood.com and http://Nightfood.comQuestions can be directed to investors@Nightfood.comForward Looking Statements: This current press release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are ...
Los Angeles, CA - (NewMediaWire) - February 26, 2019 - NUGL Inc. (OTC: NUGL) (the “Company”), a one-stop shop for all things cannabis through the intelligent connection of consumers and companies, is pleased to announce the launch of its social media platform that includes features such as user profiles, real-time feeds and posts, direct messaging and more.“For the last few months we have quietly been developing a social media platform we like to refer to as ‘Software with no Limits,’” stated CJ Melone, Founder of NUGL. “We believe our social media platform performs better than any social media platform in or out of the industry and we allow all types of cannabis companies to use the software unlike other social media platforms. We build a fully integrated platform that we hope to not only help the cannabis industry thrive but compete in mainstream markets. We don’t see any reason why the cannabis industry, its business and its community need to be confined or limited in any way. We built this with the user in mind as well as full integration with our business profiles for anyone that likes cannabis and likes social media. Our platform provides real-time communication and is a major step in providing the industry with no limitations on the internet,” stated Melone. NUGL is now offering what they believe is a full solution on the NET combining social media, profiles with map search and NUGL Media’s ad server and magazines both in print and digital form. “When we launched our business profiles I really thought our development team outdid themselves. We kept getting community feedback from our user base asking why we didn’t offer user profiles with enhanced features. We also knew companies such as Facebook and Instagram did not support cannabis companies, so we thought, let’s just build the best social media platform there is. I think our team did just that,” stated Bob Waters, V.P. of sales. The Business Insider reports, “Social ad revenue in the U.S. will surpass $30 billion by 2021, according to new estimates from BI Intelligence, Business Insider's premium research service, based on historical data from IAB, PwC, and HIS; industry standard data collection companies. This figure is up from an estimated $15.5 billion in social ad revenue in 2016 and represents a five-year compound annual growth rate (CAGR) of 15%.”NUGL will be launching the new platform they call “limitless” to the market in early March and are confident not only will the platform stand on its own with companies like Facebook, but also complement all the other NUGL digital and print assets.About NUGLNUGL is the world’s first cannabis search app built for the people, by the people. Our goal is to build the most user-friendly app experience in the cannabis industry by listening to our users and giving them what they want. NUGL is the only cannabis search app that offers equal and unbiased search results. We don’t sell top-spot listings or fake reviews, so our data stays true. Use NUGL to search for genuine user-rated dispensaries, strains, doctors, lawyers, cannabis service providers, vape shops, hydro stores, brands and more. NUGL’s flexible web app has no geographic limitations and can rapidly connect cannabis companies, related vertical services and users. The NUGL iOS and Android app brings a powerful cannabis search tool within reach of anyone, anytime, anywhere with the ease of a smartphone.For more information and updates, visit one of the links below.Website: http://www.nugl.com/ Facebook: https://www.facebook.com/nuglapp/Instagram: https://www.instagram.com/nuglapp/Twitter: https://twitter.com/nuglapp/LinkedIn: https://www.linkedin.com/company/nuglapp/Newsletter: https://nugl.us16.list-manage.com/subscribe?u=219fe8bb6995a19827c9f36cb&id=dc46712578Forward-Looking StatementsCertain statements in this press release may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating ...
