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Gratomic Appoints Lynne Brand to Replace Steven Gray as Director
https://www.accesswire.com/645586/Gratomic-Appoints-Lynne-Brand-to-Replace-Steven-Gray-as-Director
Arno Brand Armando Farhate
Dear Shareholder,
You will receive a package in the mail within the next week that contains a GOLD voting instruction form (“VIF”) that will allow you to vote online. If you do not receive your package in the mail, you need to contact the broker that holds your shares and ask them for the “GOLD dissident” voting control number. If your broker is Robinhood or Interactive Brokers then you can use the control number to vote online at www.proxypush.com and all other brokers can be voted at www.proxyvote.com. Please note: your control number is confidential and can only be obtained by your broker.
If you have any questions or require assistance with voting, please contact Carson Proxy at:
North American Toll Free Phone: 1-800-530-5189
Local (Collect outside North America): 416-751-2066
Red Light Holland Increases Points of Sale for iMicrodose Packs in the Netherlands by More Than 140%
Significant increase in number of points of sale for iMicrodose Packs within the Netherlands with over $31 million of cash and cash equivalents remaining on balance sheet to support growth
Toronto, Ontario--(Newsfile Corp. - April 21, 2021) - Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTC Pink: TRUFF) ("Red Light Holland" or the "Company"), an Ontario-based corporation engaged in the production, growth and sale of a premium brand of magic truffles to the legal, recreational market within the Netherlands, is pleased to provide an update on the distribution of its iMicrodose Packs in the Netherlands.
"Over the last few months, we have continued executing on our goal to increase both the availability of our products and our brand's visibility. iMicrodose Packs powered by Red Light Holland are now available in 144% more locations than previously announced. Relationships held by our wholly owned distribution company SR Wholesale, already, account for 13 new locations, demonstrating some of the synergies that we strategically planned to realize from the recently closed acquisition," said Todd Shapiro, CEO and Director of Red Light Holland. "With over $31 million of cash and cash equivalents remaining on our balance sheet, we look forward to continuing to conservatively deploy capital into growth opportunities that support our long-term business objectives, while SR-Wholesale continues to do a major sales push across the Netherlands. We have a clear plan to get Red Light Holland products into many more retail stores hopefully for the summer market, while also concentrating on growing our online sales at www.iMicrodose.nl. As I've said in the past, we're proud to be providing access now and we continue to deliver on that mandate."
About Red Light Holland Corp.
The Company is an Ontario-based corporation engaged in the production, growth and sale (through existing Smart Shops operators and an advanced e-commerce platform) of a premium brand of magic truffles to the legal market within the Netherlands, in accordance with the highest standards, in compliance with all applicable laws.
For additional information on the Company:
Todd Shapiro
Chief Executive Officer & Director
Tel: 647-204-7129
Email: todd@redlighttruffles.com
Website: https://redlighttruffles.com/
Forward-Looking Statements
Neither the Canadian Securities Exchange (the "CSE") nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control.
Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward- looking statements contained herein include, but are not limited to, information relating to the synergies from the acquisition of SR Wholesale and conservatively deploying capital into growth opportunities. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward- looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.
https://www.accesswire.com/641156/Gratomic-Secures-DTC-Eligibility
Gratomic Secures DTC Eligibility
Monday, April 19, 2021 1:25 PM
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Topic:
Company Update
TORONTO, ON / ACCESSWIRE / April 19, 2021 /?Gratomic?Inc.?("GRAT,"?"Gratomic" or?the "Company") (TSXV:GRAT)(OTCQX:CBULF)(FSE:CB82)?is?pleased to announce that it has secured DTC eligibility on the common shares of the Company, CUSIP 38900X 207 (ISIN CA38900X2077), which are now DTC eligible to facilitate trading, settlement and clearance in the US.
DTC (Depository Trust Company) eligibility allows for trades to be cleared and settled electronically, accelerating the settlement process for investors and brokers and increasing market accessibility for both institutional and retail investors. This can have a positive impact on a stock's liquidity by creating a more desirable turn-around time on clearing of transactions.
"This is a significant achievement and another piece of the puzzle locked solidly in place and bringing value to stakeholders," said Arno Brand, President and CEO.
About?Gratomic?Inc.
Gratomic?is focused on?introducing an exceptional anode material?to?the?global?Electric?Vehicle?and Energy Storage supply chains.?The Company?aims to achieve full operational capabilities in 2021, with further plans to take its Aukam Graphite Project fully solar by 2022.? Large quantities of its naturally high-quality graphite have been shipped for testing to confirm its viability as an anode material. Gratomic is confident that the results will provide a unique competitive advantage in its desired target markets.
The Company's recent collaboration agreement with Forge Nano has advanced the developments on its graphite finalization phase for?the?micronization,?spheronization, and the patented ALD coating?of its Aukam vein?graphite for use in lithium-ion batteries. Forge Nano is?a?global leader in surface engineering and precision nano-coating technology, using Atomic Layer?Deposition.
GRAT has two outstanding off-take purchase agreements with TODAQ and Phu Sumika with contract fulfillment slated to begin in 2021.??Gratomic?plans to deliver mine-to-market traceability through its partnership with deeptech company TODAQ by providing documented tracking on all graphite generated at its flagship?Aukam?Graphite Project.
For more information, visit the website at?www.gratomic.ca?or contact:
Arno Brand
abrand@gratomic.ca
(416) 561-4095??
Subscribe at gratomic.ca/contact/ to be added to our email list.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."?
Forward-Looking Statements:??
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at?www.sedar.com).
[quote=NLMoose]
FSD Pharma is virtually worthless as it is.
How much can Dr. Bokhari dilute further?
[/quote]
Ill show you exactly how this is how --- > [url=https://webfiles.thecse.com/sedar_filings/00000184/2104010844362412.pdf]$100,000,000 Short form prospectus[/url]
If Raza Bokhari gets his way then expect even further dilution to happen !! we already had a 100,000,000 prospectus in the past at $10 now we at $2 , what would another 100,000,000 do to the stock? maybe a delisting?
We need to vote raza out before he pays himself and and buddies again and denying class b shareholders a proxy vote
Change is Needed Now
Dr. Raza Bokhari, FSD’s Chief Executive Officer, and his hand picked board members have:
failed to address the dramatic loss of shareholder value, with the Company’s shares trading over 97% lower than when Dr. Bokhari was appointed Interim Chief Executive Officer;
massively diluted shareholder interests by issuing almost 16 million shares at low prices, increasing the number outstanding by over 83% in just seven weeks;
awarded over $5.7 million of bonus share compensation to Dr. Bokhari in February 2021 for services yet to be provided and close to $1 million in shares and/or cash to the other directors (Stephen Buyer, Robert Ciaruffoli, James Datin, Gerald Goldberg and Larry Kaiser), the latter amount being almost twice the previous year’s compensation;
caused FSD to reimburse Dr. Bokhari’s privately owned and controlled company for over $1.4 million of expenses in 2020, with limited transparency or explanation;
failed to effectively implement the Company’s business plan to become a pharmaceutical and biotechnology company, having to date failed to meet any of their modest stated goals; and
denied shareholders any say on the change of the Company’s strategic focus, failing to hold a shareholders’ meeting in 2020 and seeking to delay holding a meeting in 2021.
RestoreFSD
Back to Success
If elected at the upcoming shareholder meeting on May 14, 2021, our nominees hope to restore FSD by:
acquiring biotechnology assets focused on legal medical cannabis and/or legal psychedelics to increase the Company’s drug development pipeline and reduce reliance on a single compound;
auditing the Company’s current Phase 2 clinical trial to determine its current viability and better understand the risks and costs so that appropriate budgets can be created and followed and to determine whether it should be continued;
implementing a strong financial and corporate governance framework so that directors and management are restricted in granting compensation to themselves at levels higher than industry standards;
implementing audits of prior compensation and expenses incurred by the Company; and
developing a robust investor relations function to better communicate FSD’s value to the investment community.
https://www.accesswire.com/639400/Gratomic-Intends-to-Fully-Power-Its-Aukam-Processing-Facility-Through-Solar-Energy-by-2022-Offering-an-Even-Greener-Option-to-the-Global-Electric-Vehicle-Supply-Chain
Gratomic Intends to Fully Power Its Aukam Processing Facility Through Solar Energy by 2022, Offering an Even Greener Option to the Global Electric Vehicle Supply Chain
Thursday, April 8, 2021 8:00 AM
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Topic:
Company Update
TORONTO, ON / ACCESSWIRE / April 8, 2021 / Gratomic Inc. ("GRAT," "Gratomic" or the "Company") (TSXV:GRAT)(OTCQX:CBULF)(Frankfurt:CB82) is proud to announce it is in the research and planning phase of its goal to take its flagship Aukam Graphite Project solar, which will enable the Company's Aukam processing plant to transition from traditional fuel generators to clean, renewable and sustainable solar power. Implementing solar into its already highly energy efficient operations will further reduce the Company's already nearly negligible carbon footprint, which was internally calculated at an estimated 0.8Kg/tonne.
In keeping with its main strategic focus to become a key player in the EV battery market, going solar is an integral part of Gratomic's business plan as well as its initiative to introduce a cleaner, more environmentally friendly anode material to the global EV battery market. The Company is currently in talks with various solar supply companies to better assess their viability and to determine if they are able to fill Gratomic's needs as the solar plant will be a custom facility, designed to accommodate the Aukam Graphite Project's current and future energy requirements.
This transition to solar allows Gratomic to secure its position as a leader of environmentally conscious business practices and demonstrates the ways in which the Company adheres to those practices. By continuing to reduce Gratomic's carbon footprint, the Company shows its dedication and commitment to providing the world with cleaner graphite solutions for the future.
Gratomic looks forward to continuing to develop further green initiatives for its processing facility. The Aukam Graphite Project, while taking a large step by going solar, is already a cornerstone of modern graphite mining environmental awareness. The combined anticipated electrical draw of the Aukam facility currently sits at approximately half a megawatt per hour, compared to three to six megawatts per hour at the average graphite processing operation. Due to the naturally high purity levels and high quality of vein graphite available at the site, Gratomic can also avoid processes such as acid leaching and other chemical treatments. The only treatment required can be accomplished through a water treatment system. The water used for processing the graphite is then recirculated, with an approximated five percent of water being lost in the drying process while the other 95% is reused.
Gratomic's corporate vision is to become a key strategic supplier of clean, environmentally friendly and ethically sourced graphite for the Carbon Age, going solar is a large aspect of that plan and has been a company goal from the beginning.
"As ultimately all of the Earth's energy comes from the sun, we are reducing our carbon footprint by cutting corners and harvesting the energy directly," commented Armando Farhate, COO & Head of Graphite Marketing and Sales
"Gratomic, as a company, is focused on building a sustainable operation in an environmentally friendly manner, so that we can leave a lasting legacy for future generations." stated Arno Brand CEO & President.
About?Gratomic?Inc.?
Established in 2014,?Gratomic?is focused on introducing carbon-neutral, eco-friendly, high purity vein graphite to the global Electric Vehicle and Energy Storage supply chains.?Gratomic?is anticipating full operational capabilities in 2021.?
Gratomic?is in the process of solidifying its plans for?the micronization, spheronization, and coating?of its Aukam vein graphite. This significant milestone is a small, additional step in the Company's proposed eco-friendly processing cycle and is intended to allow it to meet ideal battery grade standards for use in Li-ion battery anodes.? The Company's recent collaboration agreement with Forge Nano has advanced developments on its graphite finalization phase.
Forge Nano is a global leader in surface engineering and precision nano-coating technology, using Atomic Layer Deposition. Forge Nano's proprietary technology and manufacturing processes make angstrom-thick coatings fast, affordable and commercially viable for a wide range of materials, applications and industries. Forge Nano's suite of ALD and PALD products and services covers the full spectrum from lab-scale tools to commercial-scale manufacturing systems.?
GRAT plans to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship?Aukam?Graphite Project. The tracking will begin at?Aukam?and will be verified at every stage during transport.?
Two off-take purchase agreements are currently held for lump-vein graphite sourced from?Gratomic's?Aukam?Graphite Project in Namibia, Africa. Fulfillment of the contracts is anticipated to begin in 2021. The agreements exist with TODAQ and Phu Sumika.?
TODAQ is an innovative?deeptech?company that can containerize assets, transactions & markets, and will partner with?Gratomic?on its mine-to-market commodity tracking and trading. Containerized assets are verifiably unique, keep an immutable record of who has owned them, have embedded smart logic, can be transferred P2P, and are interoperable with any system.? Asset owners enjoy stronger ownership control, value retention when trading, and ability to prove authenticity in seconds.?
Phu Sumika is a large global graphite supplier to battery and lubrication companies.?
Gratomic?Inc. is listed on the TSX Venture Exchange under the symbol GRAT, on the OTCQX under the symbol CBULF and on the Frankfurt Exchange under the symbol CB82.?
For more information: visit the website at?www.gratomic.ca?or contact:?
Arno Brand at?abrand@gratomic.ca?or 416 561-4095?
Subscribe at gratomic.ca/contact/ to be added to our email list.?
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."?
Forward Looking Statements:?
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at?www.sedar.com)
Gratomic Announces Cash & Warrant Position as It Closes in on Full Dilution
https://www.accesswire.com/639229/Gratomic-Announces-Cash-Warrant-Position-as-It-Closes-in-on-Full-Dilution
RETRANSMISSION: Gratomic Engages Forge Nano in Battery Grade Graphite Enhancement Program
Wednesday, March 31, 2021 7:30 AM
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Topic:
Company Update
Invests in Vertical Integration with ALD coating equipment for New Pilot Facility Program
TORONTO, ON / ACCESSWIRE / March 31, 2021 /?Gratomic Inc.?("GRAT", "Gratomic" or the "Company")?(TSXV:GRAT)(OTCQX:CBULF)(FRANKFURT:CB82) is pleased to announce its plans to build a pilot facility (the "Facility") to internally process up to 1,000 tons of SG16 battery grade anode materials for the booming Electronic Vehicle ("EV") battery market in the second half of 2021. This initial pilot facility, if successful (as demonstrated by internal testing), is expected to be followed by the construction of a demonstration facility, which will process up to approximately 2,000 tons per annum beginning in 2022 and up to 20,000 tons per annum once the demonstration facility is converted into a full final production phase. The facility will be located at the Company's owned warehouse located at the Port of Luderitz Bay. While Gratomic completes the development of the pilot facility graphitic material will be shipped to Forge Nano, Inc. ("Forge Nano") for Atomic Layer Deposition ("ALD") coating in preparation for use as a battery anode material. This processing facility will enable the Company to take our raw graphite material to the final stages required for use in a battery anode application.
Forge Nano's ALD coating technology for use in lithium-ion battery anode applications, could result in significant gains in performance to Gratomic's SG16 battery graphite compounds, as per our press release dated October28. The Company has therefore entered into a cooperative agreement with Forge Nano, a leading expert in the field of battery materials (www.forgenano.com), to not only undertake the ALD coating process but also to assist in the planning and development of GRAT's aforementioned processing facility. Battery anode materials generally consists of three stages of processing: micronization, spheronization and coating. Forge Nano specializes in the final coating stage with their patented ALD coating technology. This facility will work in tandem with the Company's Aukam vein graphite project, which is now in its commissioning phase (See Company's press release dated March 29).
Procurement of the equipment system capable of applying ALD coatings for use in the Facility will be released by Forge Nano upon the successful completion of various performance and cost milestones (See "Scope of Collaboration" below).
Gratomic's Ludertiz Bay property covers 6,564 square meters and contains three buildings including a large warehouse, a double garage with six storerooms/workshops and a single garage with two offices and a store-room. The Company intends to use the warehouse for the ALD processing and packaging of its graphite. The property provides Gratomic with waterfront access to the Port of Luderitz and to container facilities, enabling direct delivery to ports in Europe, Asia and North America.
About Forge Nano Inc.
Forge Nano is an innovative and advanced company that brings to the table disruptive technological advancements and proprietary engineering techniques that have the potential to drive the entire Li-ion and graphite industry ahead in new and exciting ways.
The proprietary ALD technology employed by Forge Nano boosts battery performance by enabling li-ion batteries to better withstand higher temperatures and faster cycle rates.
Solutions are custom built for performance and reliability, with their technology enabling angstrom-thick coatings to be applied with unmated precision, consistency, and efficiency. The company's systems apply lean manufacturing principles that enable fast and economical atomic level coatings for a variety of surface engineering practices.
Forge Nano has compiled a comprehensive IP portfolio that provides full benefits to its partners and Licensees for battery applications. The company also has a wide selection of forward-thinking partners, ranging from Volkswagen, Air Liquide, and LG Technology Ventures to Mitsui Kinzoku and SBI Investments.
ALD - Improving Performance at the atomic level
ALD is a surface engineering technique in which chemicals called precursors are applied to a particle or material, applying an angstrom-thick coating one atomic layer at a time. The nano-coating technique uniformly encapsulates particles and objects, leading to pinhole free coatings. This nanometer-thick ceramic coating helps anode-cathode components avoid long term electrode-electrolyte degradation. This helps to lengthen battery life by protecting against high temperatures and fast cycle rates, leading to safer and more versatile EV batteries. These nano-coatings also enable the safe and profitable use of several new high-capacity and high-voltage chemistries that were previously unavailable. The coatings are stable in virtually every environment, help batteries run at faster cycles and disperse heat better, and the coating process costs less than $0.50 per Kg, meaning that the nano-coating process leads to a higher quality and more profitable product at a relatively inexpensive cost. With the vein graphite sourced from the Aukum project combined with the ALD coating GRAT expects to have an extremely high-quality final product that will give the Company a strong competitive advantage.
Global graphite shortage and critical minerals
As depicted in the Benchmark Minerals graph below, looming substantial graphite shortages are predicted to become a global issue for the EV battery industry beginning as early as 2023. The Company is currently licensed to increase production according to market needs, up from its original plan of 20,000 tonnes per annum, and its processing facility has been engineered in a modular design to accommodate a rapid expansion. Even with a slight decrease in graphite prices in 2020 due to repercussions of the COVID-19 pandemic, the price of spherical graphite ("SPG") remained stable. The United States, has been so impacted by this graphite shortage, that in October of 2020, the US Presidential administration (Federal Register, 2020), along with the Government of Canada, declared the mineral shortage a state of emergency and added Graphite to their critical minerals list (Government of Canada, 2021). GRAT continues to forge ahead with its plan to introduce a cleaner alternative SPG anode material to the global EV market.
https://www.benchmarkminerals.com/wp-content/uploads/Graphite-COVID-19-Special-Report.pdf
Pilot facility system specification criteria (provided by GRAT):
Throughput: To be determined as part of the ALD coating study work. Initially targeting 1,000 tons/year in pilot stage and 2,000 tons/year in demonstration facility
Coating: Al2O3
Handling: Manual Loading
Scope of Collaboration
Forge Nano has been commissioned to apply ALD to the materials supplied by GRAT for evaluation and confirmation of ALD-enhancement, to be completed within 6 months of the Agreement, which is dated to start March 29th. Upon successful demonstration of the Proof-of-Concept, GRAT will purchase the pilot equipment from Forge Nano with a targeted installation date for 2021.
Once the successful qualification and demonstration of the Pilot Equipment is completed, GRAT and Forge Nano will enter into a commercial development project in which GRAT will provide sufficient quantities of material to Forge Nano for building, qualification and operational studies for the commercial application of the ALD system. This system will be based on the capability of processing up to 20,000 tons per year. Specific final design elements and pricing to be determined.
Upon the successful implementation of the Commercial Development program, GRATOMIC will purchase Commercial Equipment for integration of ALD into their 2022 commercial production facility intended to produce 20,000 ton/year of ALD-coated graphite. Final design and pricing to be determined.
"The ALD enhancement process may turn out to become a breakthrough on battery anode technology, and the unique technical features of Aukam's vein graphite makes it the best candidate to test this concept", says Armando Farhate, COO & Head of Graphite Sales & Marketing.
Arno Brand, CEO & President states, "We are pleased to collaborate with Forge Nano on the implementation of the ALD program, which will optimize our vein graphite at the atomic level, essentially establishing a highly effective and desirable battery anode material for the EV battery market in a truly environmentally conscious manner."
Gratomic wishes to emphasize that no Preliminary Economic Analysis ("PEA"), Preliminary Feasibility Study or Feasibility Study has been completed to support any level of production. In fact, no mineral resources let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam property.
The Company appointed Dr. Ian Flint to complete a preliminary economic assessment (PEA) on the Aukam Processing plant. The study, its recommendations, and their subsequent implementation, will provide conclusions and recommendation at a PEA level of comfort relating to the scale up of the existing processing plant to a commercial scale processing facility that will provide the desired concentrate grades and production rates. A preliminary economic assessment is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized.
Gratomic wishes to emphasize that the supply of graphite is conditional on Gratomic being able to bring the Aukam project into a production phase, and for any graphite being produced to meet certain technical and mineralization requirements. Gratomic continues to move its business towards production and as part of its business plan, expects to obtain a National Instrument 43-101 Standards of Disclosure for Mineral Projects technical report to help it ascertain the economics of the Aukam project.
Risk Factors
No mineral resources, let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam Property. The Company is not in a position to demonstrate or disclose any capital and/or operating costs that may be associated with its processing plant or the Facility.
The Company advises that it has not based its production decision on even the existence of mineral resources let alone on a feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit.
Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved.
Failure to commence production would have a material adverse impact on the Company's ability to generate revenue and cash flow to fund operations. Failure to achieve the anticipated production costs would have a material adverse impact on the Company's cash flow and future profitability.
Steve Gray, P. Geo. and a Director of the Company has reviewed and approved the scientific and technical information in this press release and is the Company's "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About Gratomic Inc.
Established in 2014, Gratomic is focused on the proposed production of low-cost mine to market carbon-neutral, eco-friendly, high purity vein graphite to be provided to the EV and Energy Storage supply chains. Gratomic is anticipating full operational capabilities in 2021.
Gratomic is in the process of solidifying its plans for micronization and spheronization of its clean Aukam graphite. This significant milestone is a small, additional step in the Company's proposed eco-friendly processing cycle and is intended to allow it to meet ideal North American battery grade standards for use in Li-ion battery anodes.
The Company plans to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.
Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic's Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is anticipated to begin in Q1 of 2021. The agreements exist with TODAQ and Phu Sumika (See press releases dated Jan. 25th).
For more information: visit the website at www.gratomic.ca or contact:
Arno Brand at abrand@gratomic.ca or 416 561-4095
Subscribe at gratomic.ca/contact/ to be added to our email list.?
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Forward Looking Statements:
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com)
Seeking Alpha Article
Summary
Concerned shareholders demand AGM/special meeting.
Company founders leading dissent.
Ontario Court grants meeting requisition.
HUGE share collapse
When FSD Pharma launched back in 2018 the Canadian cannabis space offered tremendous investment opportunities. Trading on the Canadian Securities Exchange under the symbol HUGE, FSD (HUGE) burnt up the record books for the most shares traded on the CSE and soared in value.
HUGE had the advantage of taking a “smart” approach to cannabis. While it planned to build out a growing facility, one of its founders, investment banker Anthony Durkacz, recognized that simply growing marijuana for recreational use was going to eventually be a low margin commodity business. The performance of the overall Canadian cannabis sector in the last three years has borne out Durkacz’s insight.
For Durkacz and fellow founder Zeeshan Saeed, the real potential in cannabis lay in the various pharmacological properties of the many compounds in the cannabis plant. As Durkacz pointed out, a single, successful drug derived from cannabis could produce literally billions in revenue. As a strategic vision looking to the pharmacologic uses of cannabis and the cannabinoid molecules made a lot of sense.
But how? HUGE proceeded to align with an Israeli company, SciCann Therapeutics for biotech expertise and was working with Canntab Therapeutics on controlled dose delivery. In 2019 FSD gained its medical sales licence. In January 2020 FSD was listed on the NASDAQ. It had acquired an American biotech firm, Prismic Pharmaceuticals in 2019.
While HUGE was advancing on the strategic acquisition and pharma fronts it was also attempting to bolster its management capacity. To that end, in late 2018 it appointed Dr. Raza Bokhari to be interim CEO and Co-Chairman of the Board of Directors. Dr. Bokhari was, apparently, “Physician turned entrepreneur, Dr. Bokhari has over the past several years developed outstanding expertise in aggregating and accelerating life sciences and healthcare services companies. He has a vast knowledge base of developing creative concepts, implementing programs and forming strategic alliances.” Dr. Bokhari, in turn, brought a number of new directors to FSD Pharma as well as a number of executives.
Under Bokhari’s leadership, HUGE pivoted to focus on the emerging American market. Bokhari came up with a new business plan and focused the company away from cannabis towards becoming a pharmaceutical and biotechnology company.
For HUGE shareholders the Bokhari regime has been a huge disappointment and a financial disaster. From the time Bokhari took over in October 2018 to the present the value of HUGE shares has fallen 97% wiping out $500 million in market capitalization. There is no sign that Bokhari’s business plan is being implemented. But there is every indication that Bokhari and his associates are willing to compensate themselves extravagantly.
Realistically, HUGE is barely functioning as a company and it is certainly not generating much in the way of shareholder value. Worse, Bokhari and his associates have refused to attend Board meetings and refused to call the annual meetings of shareholders required by law. Plus, Bokhari and his associates purported to issue 16 million Class “B” shares increasing the shares outstanding by 83% in just seven weeks. Many of those shares went to the Bokhari group.
For Durkacz and Saeed, founders of the original company, this was well past a disagreement on strategy or corporate direction; this was a refusal to meet the duty directors and officers of a company have towards its shareholders. As Directors themselves, Durkacz and Saeed felt obligated to take action. They requisitioned a shareholders meeting for March 31, 2021. The Bokhari group sought to postpone this meeting for at least six months.
Durkacz and Saeed, along with a number of “concerned shareholders, went to the Ontario Superior Court of Justice (Commercial List) and, on March 5, 2021, secured orders from that Court that the shareholders’ meeting take place May 14, 2021 and that that meeting be chaired by an independent person, not Dr. Bokhari. The Court further ordered “that the votes attached to shares issued since the Requisition Date to Dr. Raza Bokhari, Stephen Buyer, Robert Ciaruffoli, James Datin, Gerald Goldberg and Larry Kaiser and any entities related to any of them not be counted at the upcoming meeting.”
It was a significant victory.
What will now happen is that the “Concerned Shareholders” led by Durkacz and Saeed, will solicit the votes of HUGE shareholders to replace the present Board of Directors with directors aligned with the idea that FSD Pharma has a serious future in the cannabis and psychedelics marketplace. A solicitation for votes was published March 17, 2021 and a website, www.restoreFSD.com was created.
There is every chance that Durkacz and Saeed’s slate of Directors will prevail simply because the two founders of the company hold super-voting class “A” shares. However, existing HUGE shareholders need to look very carefully at the direction their company has taken under Bokhari and think about where they want the company to go from here.
Proxy fights, and this is a proxy fight, are often about one group of shareholders trying to take control over valuable assets from another group. “Dissident” shareholders are often dissenting because they want an outcome which is personally profitable to them. In the HUGE war, Durkacz and Saeed’s personal interest might well have been to walk away from a badly managed company. Instead, they have recognized their duties as Directors and, at their own expense, hired the lawyers and filed the material necessary to give HUGE shareholders the opportunity to protect themselves.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
check out the video guys !!!!!
Gratomic Youtube Video
Gratomic Inc. TSX.V:GRAT | OTCQX:CBULF | CB82.F
Gratomic Announces Commissioning of Aukam Processing Plant
Monday, March 29, 2021 7:30 AM
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Company Update
TORONTO, ON / ACCESSWIRE / March 29, 2021 / Gratomic Inc. ("GRAT" or "The Company") (TSXV:GRAT)(OTCQX:CBULF)(Frankfurt:CB82) announces that it has officially started the commissioning phase of its processing plant in Aukam, Namibia. Commissioning will begin with the crushing circuit and progress throughout the other areas of the plant systematically in order of progression.
Commissioning of a mining processing plant is usually divided into 6 progressive stages:
C0 - Constructed to Design including Factory Acceptance
C1 - Pre-commissioning
C2 - Direction Testing
C3 - No Load / Dry Commissioning
C4 - Load / Wet Commissioning
C5 - Project Completion
Gratomic is currently entering into Direction Testing (C2 phase) of the equipment composing the crushing circuit of the plant. This stage consists of energizing the equipment and ensuring it rotates in the right direction, stroking the control systems, calibrating instruments and verifying protections.
Once obtaining the expected results on stage C2, our team will progressively advance to stages C3 to C5 of the commissioning process, aiming to ensure that, at the end, the entire plant will perform according to project parameters in a sustainable matter.
"It is essential that we proceed with the necessary steps of commissioning, according to engineering good practices, before the plant becomes operational, and our team in Aukam has been employing all available resources in order to complete this crucial milestone", says Armando Farhate COO & Head of Graphite Marketing and Sales.
"On the 2nd of March, we went silent as an exploration company. We are preparing to go live with a mining company. Nothing evokes a more powerful emotional response than one of revival after a down spell and as a CEO I couldn't be prouder to be entering this important commissioning phase", says CEO & President Arno Brand.
Gratomic wishes to emphasize that no Preliminary Economic Analysis ("PEA"), Preliminary Feasibility Study or Feasibility Study has been completed to support any level of production. In fact, no mineral resources let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam property.
The Company appointed Dr. Ian Flint to complete a preliminary economic assessment (PEA) on the Aukam Processing plant. The study, its recommendations, and their subsequent implementation, will provide conclusions and recommendation at a PEA level of comfort relating to the scale up of the existing processing plant to a commercial scale processing facility that will provide the desired concentrate grades and production rates. A preliminary economic assessment is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized.
Gratomic wishes to emphasize that the supply of graphite is conditional on Gratomic being able to bring the Aukam project into a production phase, and for any graphite being produced to meet certain technical and mineralization requirements. Gratomic continues to move its business towards production and as part of its business plan, expects to obtain a National Instrument 43-101 Standards of Disclosure for Mineral Projects technical report to help it ascertain the economics of the Aukam project.
Risk Factors
No mineral resources, let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam Property. The Company is not in a position to demonstrate or disclose any capital and/or operating costs that may be associated with the processing plant.
The Company advises that it has not based its production decision on even the existence of mineral resources let alone on a feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit.
Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved.
Failure to commence production would have a material adverse impact on the Company's ability to generate revenue and cash flow to fund operations. Failure to achieve the anticipated production costs would have a material adverse impact on the Company's cash flow and future profitability.
Steve Gray, P. Geo. and a Director of the Company has reviewed and approved the scientific and technical information in this press release and is the Company's "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About Gratomic Inc.
Established in 2014, Gratomic is focused on the proposed production of low-cost mine to market carbon-neutral, eco-friendly, high purity vein graphite to be provided to the EV and Energy Storage supply chains. Gratomic is anticipating full operational capabilities in 2021.
Gratomic is in the process of solidifying its plans for micronization and spheronization of its clean Aukam graphite. This significant milestone is a small, additional step in the Company's proposed eco-friendly processing cycle and is intended to allow it to meet ideal North American battery grade standards for use in Li-ion battery anodes.
The Company plans to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.
Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic's Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is anticipated to begin in Q1 of 2021. The agreements exist with TODAQ and Phu Sumika.
TODAQ is an innovative deeptech company that can containerize assets, transactions & markets, and will partner with Gratomic on its mine-to-market commodity tracking and trading. Containerized assets are verifiably unique, keep an immutable record of who has owned them, have embedded smart logic, can be transferred P2P, and are interoperable with any system.? Asset owners enjoy stronger ownership control, value retention when trading, and ability to prove authenticity in seconds.
?Phu Sumika is a large global graphite supplier to battery and lubrication companies.
Gratomic Inc. is listed on the TSX Venture Exchange under the symbol GRAT, on the OTCQX under the symbol CBULF and on the Frankfurt Exchange under the symbol CB82.
For more information: visit the website at www.gratomic.ca or contact:
Arno Brand at abrand@gratomic.ca or 416 561-4095
Subscribe at gratomic.ca/contact/ to be added to our email list.?
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Forward Looking Statements:
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com)
https://www.accesswire.com/637542/Gratomic-to-Trade-on-OTCQX $GRAT $CBULF #Graphite #Mining #stocks #EVBatterymetals #Batterymetals #EV #TSX
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Gratomic to Trade on OTCQX
Friday, March 26, 2021 8:00 AM
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Exchange Listing Upgrade
TORONTO, ON / ACCESSWIRE / March 26, 2021 / Gratomic Inc. ("GRAT" or "The Company") (TSXV:GRAT)(OTCQX:CBULF)(Frankfurt:CB82) is pleased to announce that its common shares have been approved for trading on the OTCQX® in the United States under the symbol (OTCQX:CBULF). Trading commences today. Investors in the US can find current financial disclosure and Real-Time Level 2 quotes in US currency for Gratomic on www.otcmarkets.com.
The OTCQX® Best Market is for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.
Arno Brand, Gratomic CEO & President commented "we are very pleased to be graduating to the OTCQX Market after only commencing trading on the OTCQB in mid-December 2020. This will provide our valued US investors with greater liquidity and execution services through OTCQX. It will also help us to build our visibility among US investors. This is an important step in the evolution of the Company."
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
About?Gratomic?Inc.?
Established in 2014,?Gratomic?is focused on the proposed production of low-cost mine to market carbon-neutral, eco-friendly, high purity vein graphite to be provided to the EV and Energy Storage supply chains.?Gratomic?is anticipating full operational capabilities in 2021.?
Gratomic?is in the process of solidifying its plans for?micronization?and?spheronization?of its clean?Aukam?graphite. This significant milestone is a small, additional step in the Company's proposed eco-friendly processing cycle and is intended to allow it to meet ideal North American battery grade standards for use in Li-ion battery anodes.?
The Company plans to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship?Aukam?Graphite Project. The tracking will begin at?Aukam?and will be verified at every stage during transport.?
Two off-take purchase agreements are currently held for lump-vein graphite sourced from?Gratomic's?Aukam?Graphite Project in Namibia, Africa. Fulfillment of the contracts is anticipated to begin in Q1 of 2021. The agreements exist with TODAQ and?Phu?Sumika.?
TODAQ is an innovative?deeptech?company that can containerize assets, transactions & markets, and will partner with?Gratomic?on its mine-to-market commodity tracking and trading. Containerized assets are verifiably unique, keep an immutable record of who has owned them, have embedded smart logic, can be transferred P2P, and are interoperable with any system.? Asset owners enjoy stronger ownership control, value retention when trading, and ability to prove authenticity in seconds.?
?Phu?Sumika?is a large global graphite supplier to battery and lubrication companies.?
Gratomic?Inc. is listed on the TSX Venture Exchange under the symbol GRAT, on the OTCQB under the symbol CBULF and on the Frankfurt Exchange under the symbol CB82.?
For more information: visit the website at www.gratomic.ca or contact:?
?Arno Brand at?abrand@gratomic.ca or 416 561-4095?
Subscribe at?gratomic.ca/contact/ to be added to our email list.??
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."?
Forward Looking Statements:
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at?www.sedar.com)
accesswire.com/637358/World-Class-Extractions-Reports-Operating-and-Financial-Results-for-the-Nine-Month-Period-Ended-January-31-2021
$PUMP.CN $PUMP $WCEXF
World Class Extractions Reports Operating and Financial Results for the Nine-Month Period Ended January 31, 2021
Thursday, March 25, 2021 3:30 AM
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Company Update
World-Class continues to show substantial revenue growth quarter-over-quarter with revenue of $2,649,140 for the quarter ended January 31, 2021 compared to revenue of $75,562 for the quarter ended January 31, 2020
VANCOUVER, BC / ACCESSWIRE / March 25, 2021 / World-Class Extractions Inc. (CSE:PUMP)(FRA:WCF)(OTCQB:WCEXF) (the "Company" or "World-Class"), is pleased to report the operating and financial results for its third quarter ended January 31, 2021.
Financial (unaudited)
Revenue of $2,649,140 for the quarter ended January 31, 2021 compared to $2,289,799 for the quarter ended October 31, 2020 and $75,562 revenue for the quarter ended January 31, 2020 - a 2,653% revenue growth from January 2020 to January 2021. The increase in revenue is primarily attributable to the operations of PED.
Gross margin for the quarter ended January 31, 2021 was 27%, consistent with the gross margin figure for the month of January 2021 reported in the Company's news release dated March 2, 2021, but down slightly from the gross margin figures reported for the individual months of November and December 2020.
The Company had cash at January 31, 2021 of $3,017,799 (April 30, 2020 - $5,632,160).
Working capital as at January 31, 2021 is $911,231.
The Company has long-term debt consisting of $819,216 in non-current portion of lease obligations and $92,061 in non-current loans payable.
The net loss and comprehensive loss for the three months ended January 31, 2021 was $626,878 (as compared to January 31, 2020 of $33,144,218). The loss for the three-month quarter ended January 31, 2021 (with comparisons for the quarter ended January 31, 2020) is mainly attributed to the following:
depreciation and amortization expense of $157,600 (2020 - $775,844), consulting fees of $8,500 (2020 - $132,102),; filing fees of $25,592 (2020 - $26,075); development and research expenses of $97,600 (2020 - $830,180); lease interest of $66,151 (2020 - $42,348); office expense of $140,684 (2020 - $156,933); professional fees of $166,328 (2020 - $195,315); management fees of $55,500 (2020 - $57,675), remuneration and benefits of $544,140 (2020 - $640,550); share-based payments of $11,865 (2020 - $241,131) and impairment loss of $Nil (2020 - 29,364,656)
Company Summary and Highlights
Pineapple Express Delivery Inc.
World-Class holds a controlling interest in Pineapple Express Delivery Inc. ("PED"), a company which offers compliant and secure delivery of government regulated products, including medical and recreational cannabis in Ontario, Manitoba and Saskatchewan, and liquor delivery in certain jurisdictions in Saskatchewan.
Since the Company's acquisition of a controlling interest in PED, PED has achieved the following milestones:
A total of 580,732 cannabis and alcohol deliveries for the nine months ended January 31, 2021 were made. The fluctuations in deliveries quarter over quarter are due to the COVID-19 lockdown measures put in place in the Greater Toronto Area with volumes increasing during these lockdowns. Total deliveries per quarters: 209,676 - three months ended January 31, 2021, 181,569 - three months ended October 31, 2020 and 189,487 - three months ended July 31, 2020.
The number of drivers changed from 55 at the beginning of 2020, to approximately 190 by the end of July 31, 2020, 180 by October 31, 2020 and 200 by January 31, 2021. Efficiencies have also been created by routing deliveries through hub expansions and concentrating drivers to tighter geographical areas, leading to less hours used by drivers for the timely delivery of packages.
Offering same day cannabis delivery service in 37 cities (183 postal code regions) and 3-day service in 65 cities (288 postal code regions) in Ontario, PED expanded cannabis delivery services to Ottawa, Barrie, Kingston, London, and the Windsor/Chatham region.
Expanded liquor delivery services to provide same-day and next-day delivery of wine, spirits and beer products from Saskatoon Co-op's Wine-Spirits-Beer retail stores in Saskatoon, Warman and Martensville.
Partnered with Medical Cannabis by Shoppers™ to offer same-day delivery to their medical cannabis patients in cities in and around the Greater Toronto Area (GTA).
Partnered with Spectrum Therapeutics, the medical division of Canopy Growth Corporation to bring same-day delivery to medical cannabis patients in the GTA.
Partnered with CannTrust Inc. to provide deliveries for estoraTM medical cannabis products to CannTrust patients in Ontario, under the name "Trust Delivery - Powered by Pineapple Express".
Several contracts in place with Health Canada license holders for delivery within select provinces in Canada (B2B cannabis delivery services).
Late-stage applicant to Health Canada to obtain a ‘Sale for Medical Purposes' license for its facility located in the GTA. With a population of 6-million people, this sales license gives PED the ability to store inventory for other license holders, allowing PED to leverage its facility in the GTA and offer same day delivery services to the patients of those LPs.
The Company cautions that figures for revenue, gross margin, and number of deliveries generated from the services offered by Pineapple Express Delivery have not been audited beyond April 30, 2020 and any monthly updates are based on calculations prepared by the Company and management of Pineapple Express Delivery. Actual results may differ from those reported in this release once figures have been audited.
Soma Labs
The Company's subsidiary, Soma Labs Scientific Inc. ("Soma"), has focused on production, quality and compliance of systems, technologies, processes and procedures for cannabis and hemp extraction and processing, including the BOSS CO2 Extraction System and the BEAST Ethanol Extraction System. World-Class continues to focus on monetizing its Soma Labs' assets, including the extraction and processing systems, technology and processes to produce cannabis and hemp concentrates and end-products.
Patent Applications and Information
The Company has previously filed, and will continue to file, patent applications directed to its proprietary systems and methods for producing cannabis and hemp extracts. Such systems and methods are believed to be novel and non-obvious, based on the ability of the World-Class Technologies to produce extracts that have substantially greater concentrations of target cannabinoids and possess minimal contaminants. Additional advantages of the World-Class Technologies include the ability to process very large volumes of cannabis and hemp plant material.
The United States Patent and Trademark Office ("USPTO") has awarded the Company the following U.S. Patents:
U.S. Patent No. 10,851,077, issued on December 1, 2020 in relation to the Company's methods for extracting and concentrating cannabinoids and other target compounds from cannabis using ultrasound-enhanced solvent extraction. WCE's patented plant processing technology allows for prompt cannabinoid extraction following harvest, including the root and all other parts of the hemp plant and further utilizes ethanol for extraction, as opposed to the use of toxic hydrocarbon solvents. WCE's patented process additionally uses precisely focused ultrasound to release cannabinoids from the hemp plant that produces CBD yields that are believed to be among the highest in the industry while also minimizing biomass waste and solvent usage.
U.S. Patent No. 10,946,306, issued on March 16, 2021 in relation to the Company's methods for the systematic extraction and concentration of cannabinoids and other target compounds via solvent extraction from large scale harvests of cannabis and hemp crops. World-Class' patent process minimizes energy consumption, conserves the volume of solvent utilized in the extraction process, and maximizes the quantity of cannabinoids sought to be extracted on a large-scale, commercial basis, than other known cannabinoid extraction techniques.
These patents continue to supplement World-Class' goal to achieve the most sustainable, efficient, and economical method of large-scale commercial production of cannabis plant material.
Update regarding Cobra Ventures & HydRx Farms Debenture Investment
During the period ended January 31, 2021, World-Class provided a $2.5M loan to Cobra Ventures Inc. ("Cobra") with respect to a debenture purchase of HydRx Farms Ltd. operating as Scientus Pharma("HydRx"). World-Class subsequently sold its 50% interest in Cobra to the remaining shareholder of Cobra, the sale of which included the receipt of all funds ($2.5 million) previously advanced by World-Class to Cobra. The World-Class loan was paid out in full, and World-Class has no further interest in Cobra and no ongoing role or involvement with HydRx or the HydRx debenture.
About World-Class Extractions Inc.
World-Class is an innovation-driven company with a principle focus on the rapidly evolving cannabis and hemp industries. World-Class offers compliant and secure delivery of government regulated products through its subsidiary Pineapple Express Delivery Inc., including medical and recreational cannabis in Ontario, Manitoba and Saskatchewan, and liquor delivery in certain jurisdictions in Saskatchewan. World-Class continues to investigate opportunities to deploy and manage custom-built extraction centres utilizing its custom systems, technology, and processes to efficiently produce high-quality cannabis and hemp concentrates and end-products.
Contact
World-Class Investor Relations
1-437-266-1968
ir@worldclassextractions.com
https://worldclassextractions.com
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management of the Company.
Cautionary Note Regarding Forward-Looking Statements
All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to the Company within the meaning of applicable securities laws, including with respect to the deployment of extraction and processing systems for cannabis and hemp and the ability of Pineapple Express Delivery to expand its delivery services and to provide discrete shipment of products. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited those identified and reported in the Company's public filings under the Company's SEDAR profile at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. 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 unless required by law.
https://www.newswire.ca/news-releases/iiroc-trading-halt-trip-841679570.html
$TRIP $TRUFF HALTED PENDING NEWS!
Gratomic Provides Further Update on Its Acquisition of The Remaining 37% Interest in Aukam Property
https://www.accesswire.com/636444/Gratomic-Provides-Further-Update-on-Its-Acquisition-of-The-Remaining-37-Interest-in-Aukam-Property
Gratomic Provides Further Update on Its Acquisition of The Remaining 37% Interest in Aukam Property
Friday, March 19, 2021 8:10 AM
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Company Update
TORONTO, ON / ACCESSWIRE / March 19, 2021 / Gratomic Inc. ("GRAT" or the "Company") (TSX.V:GRAT) (OTCQB:CBULF) (FRANKFURT:CB82) (WKN:A143MR) is pleased to provide an update to its press releases of November 19, 2020 and February 17, 2021, in which it disclosed that it had entered into a definitive agreement, as amended, (the "Agreement") with Next Graphite, Inc. ("NextG"), for the acquisition of NextG's 37% interest in Gazania 242 Pty Ltd. (the "Acquisition"), the Namibian company which holds the licenses on the Aukam property. The Acquisition remains ongoing and will close once all of the pre-conditions to closing have been satisfied. It is anticipated that these preconditions will be satisfied within the next several weeks and the transaction will close immediately thereafter. Upon completion of the Acquisition, Gratomic will hold 100% of the rights and interests in the Aukam Mining License (ML215) and exploration License (EPL 3895).
The Acquisition is subject to the fulfillment of certain conditions precedent as are customary for transactions of this size including the approval of the TSXV.
About Gratomic Inc.
Established in 2014, Gratomic is focused on the proposed production of low-cost mine to market carbon-neutral, eco-friendly, high purity vein graphite to be provided to the EV and Energy Storage supply chains. Gratomic is anticipating full operational capabilities in 2021.
Gratomic is in the process of solidifying its plans for micronization and spheronization of its clean Aukam graphite. This significant milestone is a small, additional step in the Company's proposed eco-friendly processing cycle and is intended to allow it to meet ideal North American battery grade standards for use in Li-ion battery anodes.
The Company plans to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.
Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic's Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is anticipated to begin in Q1 of 2021. The agreements exist with TODAQ and Phu Sumika.
TODAQ is an innovative deeptech company that can containerize assets, transactions & markets, and will partner with Gratomic on its mine-to-market commodity tracking and trading. Containerized assets are verifiably unique, keep an immutable record of who has owned them, have embedded smart logic, can be transferred P2P, and are interoperable with any system. Asset owners enjoy stronger ownership control, value retention when trading, and ability to prove authenticity in seconds.
Phu Sumika is a large global graphite supplier to battery and lubrication companies.
Gratomic Inc. is listed on the TSX Venture Exchange under the symbol GRAT, on the OTCQB under the symbol CBULF and on the Frankfurt Exchange under the symbol CB82.
For more information: visit the website at www.gratomic.ca or contact:
Arno Brand at abrand@gratomic.ca or 416 561-4095
Subscribe at gratomic.ca/contact/ to be added to our email list.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Forward Looking Statements:
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com
https://ceo.ca/@accesswire/world-class-extractions-awarded-us-patent-for-solvent
World Class Extractions Awarded U.S. Patent for Solvent Based Extraction Methods from Large-Scale Harvests of Cannabis and Hemp Crops
Wednesday, March 17, 2021 3:30 AM
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Company Update
~ Issuance of U.S. Patent No. 10,946,306 covering methods for the efficient extraction and concentration of cannabinoids and other target compounds from large-scale harvests of cannabis and hemp crops, continuing to bolster World Class' intellectual patent portfolio
VANCOUVER, BC / ACCESSWIRE / March 17, 2021 / World-Class Extractions Inc. (CSE:PUMP) (FRA:WCF) (OTCQB:WCEXF) (the "Company" or "World-Class") is pleased to announce the United States Patent and Trademark Office ("USPTO") has issued U.S. Patent No. 10,946,306 on March 16, 2021 in relation to the Company's methods for the systematic extraction and concentration of cannabinoids and other target compounds via solvent extraction from large scale harvests of cannabis and hemp crops. This is World-Class' second issued U.S. patent.
World-Class' patented plant processing technology allows for the solvent-based extraction of cannabinoids from virtually all types of cannabis plant materials, including hemp, derived from large-scale commercial farming operations. World-Class' patent process minimizes energy consumption, conserves the volume of solvent utilized in the extraction process, and maximizes the quantity of cannabinoids sought to be extracted on a large-scale, commercial basis, than other known cannabinoid extraction techniques.
World-Class believes that these patented methods will be exceptionally effective for use in future applications where annually harvested cannabis and hemp plant material will be produced as a bulk commodity, as future growth forecasts indicate. This patent continues to supplement World-Class' goal to achieve the most sustainable, efficient, and economical method of large-scale commercial production of cannabis plant material.
Provisions of the patent cover several broad steps throughout the extraction process ranging from: harvesting, drying, pre-chopping, classification and decortication, grinding, pelletizing, and crumbling/powderization in preparation for extraction via a series of inverting filter centrifugation steps. In addition, if required, the patent also contemplates long-term preservation and storage after pelletizing. Advantageously, the methods of the patent are ideally suited for treating and extracting large volumes of cannabis plant material at the time of harvest but also can be deployed to produce cannabinoid-rich extracts from stored plant material regardless of the growing season depending on commercial demand.
"As is widely recognized in the extraction industry, the amount and type of solvent used in the extraction process is one of the largest cost variables for operating extraction equipment. Covering the use of both water and ethanol, the key to this technology is the novel way by which this invention sequentially produces more concentrated extracts, generating extremely high yields while also conserving solvent, improving the extraction economics significantly," stated Rosy Mondin, CEO of World-Class. "In addition, this patent facilitates the long-term preservation and storage of cannabis plant material at the time of harvest, minimizing the risk that the seasonal harvested cannabis material becomes perishable prior to extraction."
About World-Class Extractions Inc.
World-Class is an innovation-driven company with a principle focus on the rapidly evolving cannabis and hemp industries. World-Class offers compliant and secure delivery of government regulated products through its subsidiary Pineapple Express Delivery Inc., including medical and recreational cannabis in Ontario, Manitoba and Saskatchewan, and liquor delivery in certain jurisdictions in Saskatchewan. World-Class continues to investigate opportunities to deploy and manage custom-built extraction centres utilizing its custom systems, technology, and processes to efficiently produce high-quality cannabis and hemp concentrates and end-products.
Investor Contact
World-Class Investor Relations
1-437-266-1968
ir@worldclassextractions.com
https://worldclassextractions.com
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management of the Company.
Cautionary Note Regarding Forward-Looking Statements
All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to the Company within the meaning of applicable securities laws, including with respect to the deployment of extraction and processing systems for cannabis and hemp. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited those identified and reported in the Company's public filings under the Company's SEDAR profile at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. 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 unless required by law.
https://www.newswire.ca/news-releases/court-orders-fsd-pharma-to-move-shareholder-meeting-date-to-may-14-2021-imposes-requirement-of-an-independent-meeting-chair-and-prevents-dr-raza-bokhari-and-other-directors-from-voting-recently-issued-shares-836813195.html
Court Orders FSD Pharma to Move Shareholder Meeting Date to May 14, 2021, Imposes Requirement of an Independent Meeting Chair and Prevents Dr. Raza Bokhari and Other Directors from Voting Recently Issued Shares
News provided by
Concerned Shareholders of FSD
Mar 08, 2021, 07:00 ET
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TORONTO, March 8, 2021 /CNW/ - The group of concerned shareholders (the "Concerned Shareholders") of FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9) (the "Company" or "FSD") which includes two founding directors, Anthony Durkacz and Zeeshan Saeed, are pleased to announce that they were successful in their request that the Ontario Superior Court of Justice (Commercial List) (the "Court") order the Company to accelerate the date of its previously called annual shareholders' meeting.
The meeting will now be held on May 14, 2021. As a result of this earlier meeting date, the special meeting of the Company's shareholders called by the Concerned Shareholders for March 31, 2021 will not be required. This earlier meeting date will allow FSD to deal with the issues raised by the Concerned Shareholders while finally satisfying FSD's obligation to hold its long-overdue annual shareholders' meeting – an outcome that is in the best interest of all FSD shareholders.
As requested by the Concerned Shareholders, the Court also ordered that Dr. Raza Bokhari, the Chair of FSD's board of directors (the "Board") and the Company's Chief Executive Officer, not act as chair of the meeting. Instead, an independent person will be appointed to ensure that the meeting is run in a fair and orderly fashion.
The Concerned Shareholders have identified many actions by Dr. Raza Bokhari and other board members, Stephen Buyer, Robert Ciaruffoli, James Datin, Gerald Goldberg and Larry Kaiser, that have harmed shareholders. Among these is the issuance of at least 13,196,764 of Class B shares in just seven weeks – over 68% of the number outstanding on January 4, 2021, the date of the Concerned Shareholders' requisition of a shareholder meeting (the "Requisition Date"). These entirely unjustified issuances at a time when the Class B shares were already devalued have driven the share price to all-time lows and compounded shareholder losses.
During this time, Dr. Raza Bokhari, Stephen Buyer, Robert Ciaruffoli, James Datin, Gerald Goldberg and Larry Kaiser, have lined their pockets by awarding themselves cash and Class B shares for services yet to be provided. The value of the 1,173,709 Class B shares issued to Dr. Raza Bokhari on February 10, 2021 was at least $5.7 million, based on the closing price on that day. Board members Stephen Buyer, Robert Ciaruffoli, James Datin, Gerald Goldberg and Larry Kaiser awarded themselves compensation in the form of cash and Class B shares equal to nearly $1 million. Compensation on this scale for serving a company the size of FSD, at a time when its shares are trading at all-time lows and stock markets are at all-time highs, is unconscionable.
As suggested by the Concerned Shareholders during the course of the hearing, the Court ordered that the votes attached to shares issued since the Requisition Date to Dr. Raza Bokhari, Stephen Buyer, Robert Ciaruffoli, James Datin, Gerald Goldberg and Larry Kaiser and any entities related to any of them not be counted at the upcoming meeting.
The Concerned Shareholders are relieved by the Court's decision as it will help ensure that the many issues arising from the misconduct of Dr. Raza Bokhari and the members of the Board that have enabled him, Stephen Buyer, Robert Ciaruffoli, James Datin, Gerald Goldberg and Larry Kaiser, are addressed by the Company's shareholders expeditiously.
At the meeting, Shareholders will have the opportunity to determine FSD's future by voting to replace Dr. Raza Bokhari, Stephen Buyer, Robert Ciaruffoli, James Datin, Gerald Goldberg and Larry Kaiser with three new, highly qualified directors having a depth of relevant experience in the biotechnology and pharmaceutical industries. These new directors have strong track records of integrity and success and will bring to FSD a wealth of critical experience in the areas of public company governance, accounting, finance, capital markets and law.
Details about the new directors proposed by the Concerned Shareholders are provided below:
Mr. Nitin Kaushal is a finance executive with over 30 years of experience in the healthcare and the financial services industries, focusing on the biotechnology, medical device and healthcare services markets, including significant experience with corporate governance and acting on the boards of public companies. Mr. Kaushal is currently the President of Anik Capital Corp. and until his retirement in 2020, was a Managing Director in the corporate finance practice at PricewaterhouseCoopers.
Mr. Lawrence Latowsky is an executive with extensive experience in the pharmaceutical industry. Mr. Latowsky currently serves as the Chief Executive Officer of Canntab Therapeutics Ltd. Until 2020, he was the Chairman and Chief Executive Officer of Top Drug Corp. and, prior to that, he served as President and CEO of Katz Group Canada, overseeing the largest network of pharmacy retailers in Canada operating as Rexall, Pharmaplus, IDA and Guardian Drugstores.
Mr. Fernando Cugliari has over 20 years of experience in finance and law. Mr. Cugliari is currently an International Investment Advisor at CIBC FirstCaribbean International Bank, where he provides comprehensive investment advisory services to high and ultra-high-net-worth individuals and their families, as well as insurance, corporate, institutional and pension fund clients.
The Concerned Shareholders are extremely pleased that these highly qualified individuals have stepped forward to help restore FSD.
The Concerned Shareholders will be issuing an information circular providing more details regarding the director nominees, their plans for the Company, the meeting and how shareholders can make their vote count for change. It is important for the Company's shareholders to read this information circular carefully and vote at the meeting. More information will be available at the website established by the Concerned Shareholders: http://www.restorefsd.com/.
Forward Looking Information
Certain statement contained herein are "forward-looking statements". Often, but not always, forward-looking statement can be identified by the use of words such as "plans", "expects", "expected", "scheduled", "estimates", "intends", "anticipates" or "believes", or variations of such words and phrases, or states that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements contained in this press release include statements regarding the meeting and the information circular to be issued. The Concerned Shareholders cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this document.
SOURCE Concerned Shareholders of FSD
For further information: Christine Carson, President & CEO, Carson Proxy Advisors Ltd., christine@carsonproxy.com, 416-804-0825
dont forget former canopy growth co founder also on the board of TRIP
Red Light Holland iMicrodose Pack Receives Authorization for the First Legal Import and Sale of Psilocybin Truffles to Brazil
Anvisa, The Brazilian Health Regulatory Agency has granted a permit to import the Company's iMicrodose Pack by way of the Country's 'named patient import process' for prescribed medical use
Toronto, Ontario--(Newsfile Corp. - February 25, 2021) - Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTC: TRUFF) ("Red Light Holland" or the "Company"), an Ontario-based corporation engaged in the production, growth and sale of a premium brand of magic truffles to the legal, recreational market within the Netherlands, is extremely pleased to announce that Anvisa, Brazil's National Health Regulatory Agency, has granted authorization for the Company's iMicrodose packs, which contain 15g of Psilocybin Truffles, to be legally imported to Brazil via the 'named patient import process' for prescribed medical patient use.
"We are grateful for our collaborative relationship with Disruptive Pharma who worked closely with the Brazilian Health Regulatory Agency to secure authorization to import Red Light Holland's iMicrodose packs, with our natural-occurring branded Psilocybin Truffles, to be imported and sold in Brazil for Medical use, as our branded iMicrodose packs have officially been prescribed by a doctor to a patient in Brazil," said Todd Shapiro, CEO and Director of Red Light Holland. "This is a monumental day for the Company, and we are so proud to be a part of providing legal access of psilocybin to Brazil and for the first time having our product prescribed by a physician for medical use."
Red Light Holland's iMicrodose packs have been shipped to Disruptive Pharma's MyPharma2Go logistics hub in the Netherlands to start their journey to Brazil. Once landed in Brazil, MyPharma2Go is expected to deliver the iMicrodose packs to a Brazilian patient as they have been pre-prescribed by a physician, before the end of March 2021.
This approval and shipment represent a significant advancement in opening the legal and medically approved market for psilocybin in Brazil, a country with a population of over 200 million people. Shapiro added: "This early process working alongside Disruptive Pharma's MyPharma2Go.com, a large Brazilian online pharmaceutical and supplement distributor, has been an absolute pleasure and one we are thankful for. We are pleased to do our part to potentially be a part of positive change in Brazil, and to steal a line from Neil Armstrong: This is one micro step for man, one macro leap for mankind."
Red Light Holland and Disruptive Pharma continue to work towards finalizing their proposed joint venture structure and agreement, as previously disclosed in the Company's news release dated December 14, 2020. In consideration for Disruptive Pharma having met these initial milestones, the Company has agreed to issue to Disruptive Pharma, 3,000,000 common share purchase warrants, each warrant is exercisable into one common share of the Company at a price of $0.50 per share for a period of 2 years. 750,000 of these warrants have vested immediately based on Disruptive Pharma having fulfilled these milestones, the balance vest upon future milestones being met. These warrants and any underlying shares issued upon exercise, are subject to a statutory hold period of 4 months and 1 day.
About MyPharma2GO
In Brazil and other LatAm countries, specific legislation permits consumers to import medicines, medical devices, OTCs and health products. Established in 2018 and headquartered in the US, Mundihealth / MyPharma2Go uses this legislation to bring HCP-focused pharmaceuticals and/or B2C supplements towards the region. By contracting MP2Go's business services, companies can launch products within 30 days following agreement, legally sidestepping a 1-3 year registration process with Health Authorities, anticipating revenue and testing the market without committing high monetary investment. Once the prescription has been generated and the product purchased, MP2Go dispatches it from its FDA-approved warehouse in Florida, Netherlands or Israel via its proprietary courier service. This permits full tracking of the items, which are delivered directly to the consumer in 7-10 business days under full compliance of Health Authorities and Customs. Customer Care is also a priority for the company, covering all aspects of the HCP and patient/consumer journeys aiming recurrence and solid growth for all brands allied to great user experience.
About Red Light Holland Corp.
The Company is an Ontario-based corporation positioning itself to engage in the production, growth and sale (through existing Smart Shops operators and an advanced e-commerce platform) of a premium brand of magic truffles to the legal market within the Netherlands, in accordance with the highest standards, in compliance with all applicable laws.
For additional information on the Company:
Todd Shapiro
Chief Executive Officer & Director
Tel: 647-204-7129
Email: todd@redlighttruffles.com
Website: https://redlighttruffles.com/
Forward-Looking Statements
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Red Light Holland's control.
Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward- looking statements contained herein include, but are not limited to, information on the timing and other details of the importation into Brazil of the iMicrodose packs and their subsequent use, the reception of the iMicrodose packs in Brazil and any information regarding future sales, regulatory or political change such as changes in applicable laws and regulations, perception of the medical-use psilocybin industry, competition, and other factors or developments that may hinder market growth. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company, including risks regarding the COVID-19 pandemic, market conditions, economic factors, and management's inability to manage and to operate the business and the equity markets generally. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Although each of Red Light Holland believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward- looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company assumes no obligation to update forward-looking statements, whether as a result of new information, future events or otherwise.
https://www.newsfilecorp.com/release/75444
Red Light Holland iMicrodose Pack Receives Authorization for the First Legal Import and Sale of Psilocybin Truffles to Brazil
Anvisa, The Brazilian Health Regulatory Agency has granted a permit to import the Company's iMicrodose Pack by way of the Country's 'named patient import process' for prescribed medical use
Toronto, Ontario--(Newsfile Corp. - February 25, 2021) - Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTC: TRUFF) ("Red Light Holland" or the "Company"), an Ontario-based corporation engaged in the production, growth and sale of a premium brand of magic truffles to the legal, recreational market within the Netherlands, is extremely pleased to announce that Anvisa, Brazil's National Health Regulatory Agency, has granted authorization for the Company's iMicrodose packs, which contain 15g of Psilocybin Truffles, to be legally imported to Brazil via the 'named patient import process' for prescribed medical patient use.
"We are grateful for our collaborative relationship with Disruptive Pharma who worked closely with the Brazilian Health Regulatory Agency to secure authorization to import Red Light Holland's iMicrodose packs, with our natural-occurring branded Psilocybin Truffles, to be imported and sold in Brazil for Medical use, as our branded iMicrodose packs have officially been prescribed by a doctor to a patient in Brazil," said Todd Shapiro, CEO and Director of Red Light Holland. "This is a monumental day for the Company, and we are so proud to be a part of providing legal access of psilocybin to Brazil and for the first time having our product prescribed by a physician for medical use."
Red Light Holland's iMicrodose packs have been shipped to Disruptive Pharma's MyPharma2Go logistics hub in the Netherlands to start their journey to Brazil. Once landed in Brazil, MyPharma2Go is expected to deliver the iMicrodose packs to a Brazilian patient as they have been pre-prescribed by a physician, before the end of March 2021.
This approval and shipment represent a significant advancement in opening the legal and medically approved market for psilocybin in Brazil, a country with a population of over 200 million people. Shapiro added: "This early process working alongside Disruptive Pharma's MyPharma2Go.com, a large Brazilian online pharmaceutical and supplement distributor, has been an absolute pleasure and one we are thankful for. We are pleased to do our part to potentially be a part of positive change in Brazil, and to steal a line from Neil Armstrong: This is one micro step for man, one macro leap for mankind."
Red Light Holland and Disruptive Pharma continue to work towards finalizing their proposed joint venture structure and agreement, as previously disclosed in the Company's news release dated December 14, 2020. In consideration for Disruptive Pharma having met these initial milestones, the Company has agreed to issue to Disruptive Pharma, 3,000,000 common share purchase warrants, each warrant is exercisable into one common share of the Company at a price of $0.50 per share for a period of 2 years. 750,000 of these warrants have vested immediately based on Disruptive Pharma having fulfilled these milestones, the balance vest upon future milestones being met. These warrants and any underlying shares issued upon exercise, are subject to a statutory hold period of 4 months and 1 day.
About MyPharma2GO
In Brazil and other LatAm countries, specific legislation permits consumers to import medicines, medical devices, OTCs and health products. Established in 2018 and headquartered in the US, Mundihealth / MyPharma2Go uses this legislation to bring HCP-focused pharmaceuticals and/or B2C supplements towards the region. By contracting MP2Go's business services, companies can launch products within 30 days following agreement, legally sidestepping a 1-3 year registration process with Health Authorities, anticipating revenue and testing the market without committing high monetary investment. Once the prescription has been generated and the product purchased, MP2Go dispatches it from its FDA-approved warehouse in Florida, Netherlands or Israel via its proprietary courier service. This permits full tracking of the items, which are delivered directly to the consumer in 7-10 business days under full compliance of Health Authorities and Customs. Customer Care is also a priority for the company, covering all aspects of the HCP and patient/consumer journeys aiming recurrence and solid growth for all brands allied to great user experience.
About Red Light Holland Corp.
The Company is an Ontario-based corporation positioning itself to engage in the production, growth and sale (through existing Smart Shops operators and an advanced e-commerce platform) of a premium brand of magic truffles to the legal market within the Netherlands, in accordance with the highest standards, in compliance with all applicable laws.
https://www.accesswire.com/630920/Gratomic-Becomes-Debt-Free
Gratomic Becomes Debt-Free
Monday, February 22, 2021 8:00 AM
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Topic:
Company Update
TORONTO, ON / ACCESSWIRE / February 22, 2021 / Gratomic Inc. ("GRAT" or the "Company") (TSXV:GRAT)(OTCQB:CBULF)(FRANKFURT:CB82) (WKN:A143MR) is pleased to announce that it has officially achieved debt-free status. This feat was accomplished through the committed and strategic efforts carried out by management over the past several months to effectively eliminate the debt of the Company.
On June 12, 2020, the Company announced the successful completion of a $2.25 million financing (the "April 2020 Financing"), which included $1.5 million in convertible debentures. Since then, all of the outstanding debentures have been converted into common shares. Commencing in the fall of 2020, there was a systematic appreciation of the Company's stock price, ushered on by immense support from institutional and retail investors. The Company commenced trading on the OTCQB Venture Market on December 14, 2020.
The Company's current cash position is approximate $2.4 million. This provides the Company with sufficient capital to see it through the commissioning phase.
Gratomic has become a notable Brand in the graphite community. Very few junior graphite companies have been in such a fortunate position to achieve debt-free status at such an early point in their development. With the Company cash-positive and the Aukam processing plant poised to enter commissioning in only a few weeks, Gratomic sits at a comfortable position as a leader in the global junior resource sector; unlike competitors in the industry.
"Gratomic has come a long way in the past 11 months. Its world class team has worked hard to advance the Company and its key asset to deliver fundamental value to its shareholders. We are proud of our team's hard work and are grateful for the support of our valued shareholders. We look forward to a very interesting March and April" stated CEO & President, Arno Brand.
About Gratomic Inc.
Established in 2014, Gratomic is focused on the proposed production of low-cost mine to market carbon-neutral, eco-friendly, high purity vein graphite to be provided to the EV and Energy Storage supply chains. Gratomic is anticipating full operational capabilities in 2021.
Gratomic is in the process of solidifying its plans for micronization and spheronization of its clean Aukam graphite. This significant milestone is a small, additional step in the Company's proposed eco-friendly processing cycle and is intended to allow it to meet ideal North American battery grade standards for use in Li-ion battery anodes.
The Company plans to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.
Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic's Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is anticipated to begin in Q1 of 2021. The agreements exist with TODAQ and Phu Sumika.
TODAQ is an innovative deeptech company that can containerize assets, transactions & markets, and will partner with Gratomic on its mine-to-market commodity tracking and trading. Containerized assets are verifiably unique, keep an immutable record of who has owned them, have embedded smart logic, can be transferred P2P, and are interoperable with any system. Asset owners enjoy stronger ownership control, value retention when trading, and ability to prove authenticity in seconds.
Phu Sumika is a large global graphite supplier to battery and lubrication companies.
Gratomic Inc. is listed on the TSX Venture Exchange under the symbol GRAT, on the OTCQB under the symbol CBULF and on the Frankfurt Exchange under the symbol CB82.
For more information: visit the website at www.gratomic.ca or contact:
Arno Brand at abrand@gratomic.ca or 416 561-4095
Subscribe at gratomic.ca/contact/ to be added to our email list.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Forward Looking Statements:
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com.
https://www.newsfilecorp.com/release/74827?fbclid=IwAR2iQwIXy6JaHtfAINSDUXeIc40geeAEkbQFsMGCn-USo5JdoYjp2ULKI0o
NEWS OUT!!!!!!!!!!!!!!!!!!!!! $TRIP IS CASHED UP !!
https://www.accesswire.com/630177/Gratomic-Provides-Update-on-Its-Acquisition-of-the-Remaining-37-Interest-in-Aukam-Property
Gratomic Provides Update on Its Acquisition of the Remaining 37% Interest in Aukam Property
Wednesday, February 17, 2021 8:00 AM
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Topic:
Company Update
TORONTO, ON / ACCESSWIRE / February 17, 2021 / Gratomic Inc. ("GRAT" or the "Company") (TSXV:GRAT)(OTCQB:CBULF)(FRANKFURT:CB82) (WKN:A143MR) is pleased to provide an update to its press release of November 19, 2020, in which it disclosed that it had entered into a definitive agreement (the "Agreement") with Next Graphite, Inc. ("NextG"), for the acquisition of NextG's 37% interest (the "Interest") in Gazania 242 Pty Ltd. (the "Acquisition"), the Namibian company which holds the licenses on the Aukam property. The Agreement has been amended, pursuant to an amendment agreement dated January 25, 2021, to increase the consideration to be paid to NextG by an additional 4,500,000 common shares in the capital of Gratomic (the "Shares") and a cash payment on closing of CDN$100,000. The Shares will be subject to an 18-month escrow subject to a release of 1/3 of the original balance every 6 months. A total of 25,758,915 common shares of the Company are issuable pursuant to the Agreement, as amended. All other material terms remain of the Agreement remain unchanged. Upon completion of the Acquisition, Gratomic will hold 100% of the rights and interests in the Aukam Mining License (ML215) and exploration License (EPL 3895).
The Acquisition (including the issuance of the Shares) is subject to the fulfillment of certain conditions precedent as are customary for transactions of this size including the approval of the TSXV.
About Gratomic Inc.
Established in 2014, Gratomic is focused on the proposed production of low-cost mine to market carbon-neutral, eco-friendly, high purity vein graphite to be provided to the EV and Energy Storage supply chains. Gratomic is anticipating full operational capabilities in 2021.
Gratomic is in the process of solidifying its plans for micronization and spheronization of its clean Aukam graphite. This significant milestone is a small, additional step in the Company's proposed eco-friendly processing cycle and is intended to allow it to meet ideal North American battery grade standards for use in Li-ion battery anodes.
The Company plans to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.
Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic's Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is anticipated to begin in Q1 of 2021. The agreements exist with TODAQ and Phu Sumika.
TODAQ is an innovative deeptech company that can containerize assets, transactions & markets, and will partner with Gratomic on its mine-to-market commodity tracking and trading. Containerized assets are verifiably unique, keep an immutable record of who has owned them, have embedded smart logic, can be transferred P2P, and are interoperable with any system. Asset owners enjoy stronger ownership control, value retention when trading, and ability to prove authenticity in seconds.
Phu Sumika is a large global graphite supplier to battery and lubrication companies.
Gratomic Inc. is listed on the TSX Venture Exchange under the symbol GRAT, on the OTCQB under the symbol CBULF and on the Frankfurt Exchange under the symbol CB82.
For more information: visit the website at www.gratomic.ca or contact:
Arno Brand at abrand@gratomic.ca or 416 561-4095
Subscribe at gratomic.ca/contact/ to be added to our email list.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Forward Looking Statements:
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com
IF you guys havne't seen this yet go check it out $GRAT is hot right now they are doing graphite mining for EV Batteries
Arno CEO Interview Click here
Here’s an older article that represents what CEO, Arno Brand talks about in the BNN interview and how China is becoming a net importer of graphite. A very good thing for Gratomic. Cheers
https://www.globenewswire.com/news-release/2019/06/12/1867350/0/en/Roskill-Graphite-market-continuously-shaped-by-pollution-controls.html
IF you guys havne't seen this yet go check it out $GRAT is hot right now they are doing graphite mining for EV Batteries
Arno CEO Interview Click here
Here’s an older article that represents what CEO, Arno Brand talks about in the BNN interview and how China is becoming a net importer of graphite. A very good thing for Gratomic. Cheers
https://www.globenewswire.com/news-release/2019/06/12/1867350/0/en/Roskill-Graphite-market-continuously-shaped-by-pollution-controls.html
IF you guys havne't seen this yet go check it out $GRAT is hot right now
Arno CEO Interview Click here
TRADING HALT !!! TRIP!!!
Red Light Holland Announces $5 Million Bought Deal Equity Financing
https://www.globenewswire.com/news-release/2021/02/03/2168981/0/en/Red-Light-Holland-Announces-5-Million-Bought-Deal-Equity-Financing.html
Good luck !!! Next milestone is $1
Red Light Holland is on a roll today folks !! Keep strong it's going to go I think to atleast $2 in the next little while
Serious things happening with psychedelics $TRIP Red Light Holland is setting it'sself up to be a leader in the field
Check out City News
https://toronto.citynews.ca/2021/01/23/could-a-psychedelic-gold-rush-be-on-the-horizon/
Could a psychedelic gold rush be on the horizon?
by Pat Taney
Posted Jan 23, 2021 7:53 am EST
Last Updated Jan 23, 2021 at 4:29 pm EST
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Over the past several days, and in an upcoming documentary, CityNews has been investigating what’s being called the psychedelic revolution. It’s a movement to make powerful mind-altering drugs like magic mushrooms and LSD legally available to treat mental health problems.
Research is showing psychedelics can be a game changer in that realm and Bay Street is paying attention. Are we heading for a psychedelic gold rush like we saw with cannabis a few years back?
“Investors are always looking for the next big thing. They had cannabis. They’re saying, what’s next? And it turned out to be psychedelics,” said Bill O’Hara, a Toronto-based investment analyst. “It’s called the psychedelic revolution.”
“Science has shown that’s an absurd classification”
LSD, magic mushrooms and other psychedelic drugs that have been listed as illegal and dangerous since the 1970’s are now showing promise in research labs to treat mental health disorders.
“Psychedelics were all pretty much banned and are still classified as so-called schedule one substances, which means they are dangerous, there’s high potential for abuse, and no possible medical use,” said Ethnopharmacologist Dennis McKenna. “Now, science has shown that’s an absurd classification.”
Ground breaking research has emerged over the past few years from world-renowned institutions like Johns Hopkins University and NYU, which have shown drugs like psilocybin, which is the psychedelic prodrug-compound produced by magic mushrooms, have the potential to treat mental woes.
RELATED: Can illegal drugs solve Canada’s mental health crisis?
But, more conclusive clinical trials are needed to get acceptance from the federal government to allow these types of treatments to be legally prescribed.
Many companies are banking on the hope that we aren’t far away from that. In the past year, there has been an explosion of new companies created to be ready if that day comes.
Many of them are seeking investors to help further research so they’re ready if and when psychedelics become available to Canadians to treat mental health.
“It was a rapid increase,” O’Hara said. “The markets themselves are generally forward-looking. So they’re anticipating the future. They always look at what will happen. The more money you get, the more you can do research.”
Many company leaders believe psychedelics could go down the same path as cannabis.
“What the market saw was that the cannabis space was an illegal substance that started to get acceptance across the world slowly. People recognize that you can make a lot of money in that space by funding early stage companies,” said O’Hara.
There have already been signals of approval. In 2020, a few patients facing terminal illness were given approval by Health Canada to access psilocybin to help treat end-of-life anxiety. Headlines like that have boosted investor confidence and created a competitive race for companies.
Early promotion and marketing of these companies is one important key to win at the finish line.
RELATED: The Psychedelic Frontier
“Companies are saying what’s the next press release? Who have you added to your roster of people to promote your story?” O’Hara said.
For instance, one Toronto-based psychedelic company hired world famous comedian Russell Peters, who has Canadian roots.
“I’m the Chief Creative Officer for Red Light Holland,” Peters told CityNews. “I got involved with the company via its CEO Todd Shapiro. He asked me if I would come on board and help run the creative side of it.”
Toronto-based Red Light Holland produces, grows and sells a premium brand of magic truffles within the Netherlands, a place where it is legal to do so.
In an upcoming documentary “Veracity, The Psychedelic Frontier” which will air on Citytv, our cameras went to Holland to show you their operations. Peters also talks more about the company and opens up about his own struggles.
The hour-long program also documents one war hero’s mental health struggles – and his wild journey from Toronto to Vancouver to use a psychedelic that he hopes will save his life.
VeraCity: The Psychedelic Frontier airs Monday, Jan. 25 10 p.m., only on Citytv.
https://www.accesswire.com/625011/Gratomic-Appoints-Karl-Trudeau-as-a-Director-Head-of-Namibian-Operations
TORONTO, ON / ACCESSWIRE / January 20, 2021 / Gratomic Inc. ("GRAT" or the "Company") (TSX.V:GRAT)(OTCQB:CBULF)(FRANKFURT:CB82)(WKN:A143MR) announces the appointment of Karl Trudeau as a Director of the Company and Head of Namibian Operations.
Karl brings to the Board his unique experiences in building and operating some of the most profitable graphite mines in the Western World. Working for Imerys Graphite et Carbonne, he operated and optimized the Lac-Des-Îles graphite mine to become the most profitable mining operation in Quebec in 2014. An additional significant milestone was achieved with Imerys, through his role as Natural Graphite Operations Leader, where Karl was responsible for the construction and development of the Okanjande Graphite Mine in Namibia, Africa.
As the COO of Nouveau Monde Graphite, Karl made important contributions to the project including his work as a pioneer in the electrification of mining operations. As the world is changing, Gratomic will be a focused leader in making the necessary and important change of establishing carbon neutral operations. Karl brings with him the knowledge from previous projects, which will assist in making the Company's Aukam Graphite Project a carbon neutral operation.
The strength of established working relationships on previous projects with Armando Farhate and Andre Bennet and having a strong track record of delivering to plan will be a key contributing factor to the success of the Aukam Graphite Project.
"I had the privilege of working directly with Karl in other Graphite projects and having him side by side at the Board of Directors of Gratomic will ensure we continue to improve our governance level," said Armando Farhate, COO & Head of Graphite Marketing and Sales.
"On behalf of the Board of Directors, I am very pleased to welcome Karl to the Board. This step solidifies his role with the Company and represents a harbinger of the success to come in Gratomic's future," said Arno Brand, President & CEO of Gratomic Inc.
The appointment of Karl Trudeau as a director is subject to the approval of the TSX Venture Exchange.
About Gratomic Inc.
Established in 2014, Gratomic is focused on the proposed production of low-cost mine to market carbon-neutral, eco-friendly, high purity vein graphite to be provided to the EV and Energy Storage supply chains. Gratomic is anticipating full operational capabilities in 2021.
Gratomic is in the process of solidifying its plans for micronization and spheronization of its clean Aukam graphite. This significant milestone is a small, additional step in the Company's proposed eco-friendly processing cycle and is intended to allow it to meet ideal North American battery grade standards for use in Li-ion battery anodes.
The Company plans to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.
Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic's Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is anticipated to begin in Q1 of 2021. The agreements exist with TODAQ and Phu Sumika.
TODAQ is an innovative deeptech company that can containerize assets, transactions & markets, and will partner with Gratomic on its mine-to-market commodity tracking and trading. Containerized assets are verifiably unique, keep an immutable record of who has owned them, have embedded smart logic, can be transferred P2P, and are interoperable with any system. Asset owners enjoy stronger ownership control, value retention when trading, and ability to prove authenticity in seconds.
Phu Sumika is a large global graphite supplier to battery and lubrication companies.
Gratomic Inc. is listed on the TSX Venture Exchange under the symbol GRAT, on the OTCQB under the symbol CBULF and on the Frankfurt Exchange under the symbol CB82.
For more information: visit the website at www.gratomic.ca or contact:Arno Brand at abrand@gratomic.ca or 416 561-4095
Subscribe at gratomic.ca/contact/ to be added to our email list.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Forward Looking Statements:
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com.)
SOURCE: Gratomic Inc.
Gratomic Inc.
Gratomic Inc.
https://www.accesswire.com/624417/Gratomic-Defines-Product-Marketing-Strategy-as-Construction-Advances-at-Aukam-Graphite-Mine
Gratomic Defines Product Marketing Strategy as Construction Advances at Aukam Graphite Mine
Friday, January 15, 2021 8:00 AM
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Topic:
Company Update
TORONTO, ON / ACCESSWIRE / January 15, 2021 / Gratomic Inc. (TSXV:GRAT)(FSE:CB82)(WKN:A143MR)(OTCQB:CBULF) is pleased to announce that the foundations of its product marketing and sales strategy have been officially defined.
During the commissioning phase, due to begin in March 2021, the company will be testing production quality and quantity. In order to support this development, Gratomic has plans in place to upgrade its laboratory facilities at Aukam. This will enable us to properly characterize the initial production batches generated during the commissioning process, and feedback the information to our Process Control, in order to define parameters required to ensure repeatability and efficiency of the production.
As a supplement to our main strategic focus on the battery industry and graphene applications (see press release from Dec 30th, 2020), Gratomic will pursue the development of graphite grades commonly used in applications such as graphitic foil, lubricants, crucibles, refractories, friction materials and ceramics, among others.
This will allow the Company to diversify our portfolio and optimize the output of the processing plant. Filling the remainder of the Aukam Book in terms of offtake and purchase schedules. In the coming weeks, Gratomic will pursue the preparation of samples for 53 graphite end users around the world, in order to begin the testing and homologation procedures that precede the use of our product into the most technical applications.
Gratomic's Product Marketing team has requested an additional 550 kg of graphite samples be shipped to Toronto for conversion to SG16 Battery Grade product specifications in addition to the initial shipment of 243Kg of graphite, which was previously dispatched (see press release from Oct 28,2020). Both samples are destined for distribution to Battery OEM Manufacturers.
"This strategy, only possible thanks to the restless efforts of our team on site, will put Gratomic on a privileged position to make a solid transition to a commercially viable Company", says Armando Farhate, COO & Graphite Marketing and Sales Leader.
"We have one of the best marketing teams in Graphite. Their strategy for filling the remainder of our processing capacity is brilliant and will elevate our credibility as a market leader in the vein graphite industry" said Arno Brand, Gratomic President & CEO.
Gratomic wishes to emphasize that no Preliminary Economic Analysis ("PEA"), Preliminary Feasibility Study or Feasibility Study has been completed to support any level of production. In fact no mineral resources, let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam Property.
The Company engaged Dr. Ian Flint, Ph.D., P. Eng. (BC), a Qualified Person as that term is defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") to complete a preliminary economic assessment (PEA) on the Aukam Processing plant based upon a resource estimate to be prepared by another Qualified Person. The study, its recommendations, and their subsequent implementation, will provide conclusions and recommendation at a PEA level of comfort relating to the scale up of the existing processing plant to a commercial scale processing facility that will provide the desired concentrate grades and production rates. A preliminary economic assessment is preliminary in nature, and there is no certainty that the preliminary economic assessment will be realized.
The Company is not in a position to demonstrate or disclose any capital and/or operating costs that may be associated with the processing plant, nor the Company's ability to fulfil its obligations to deliver the 1800 tonnes of graphite as required by the purchaser orders.
Gratomic wishes to emphasize that the supply of graphite pursuant to any off-take or supply agreement referred to in this Press Release is conditional on Gratomic being able to bring the Aukam project into a production phase, and for any graphite being produced to meet certain technical and mineralization requirements. See "Risk Factors" below.
Risk Factors
No mineral resources, let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam Property. The Company is not in a position to demonstrate or disclose any capital and/or operating costs that may be associated with the processing plant.
The Company advises that it has not based its production decision on even the existence of mineral resources let alone on a feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit.
Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved.
Failure to commence production would have a material adverse impact on the Company's ability to generate revenue and cash flow to fund operations. Failure to achieve the anticipated production costs would have a material adverse impact on the Company's cash flow and future profitability.
About Gratomic Inc.
Established in 2014, Gratomic is focused on the proposed production of low-cost mine to market carbon-neutral, eco-friendly, high purity vein graphite to be provided to the EV and Energy Storage supply chains. Gratomic is anticipating full operational capabilities in 2021.
Gratomic is in the process of solidifying its plans for micronization and spheronization of its clean Aukam graphite. This significant milestone is a small, additional step in the Company's proposed eco-friendly processing cycle and is intended to allow it to meet ideal North American battery grade standards for use in Li-ion battery anodes.
The Company plans to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.
Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic's Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is anticipated to begin in Q1 of 2021. The agreements exist with TODAQ and Phu Sumika.
TODAQ is an innovative deeptech company that can containerize assets, transactions & markets, and will partner with Gratomic on its mine-to-market commodity tracking and trading. Containerized assets are verifiably unique, keep an immutable record of who has owned them, have embedded smart logic, can be transferred P2P, and are interoperable with any system. Asset owners enjoy stronger ownership control, value retention when trading, and ability to prove authenticity in seconds.
Phu Sumika is a large global graphite supplier to battery and lubrication companies.
Gratomic Inc. is listed on the TSX Venture Exchange under the symbol GRAT, on the OTCQB under the symbol CBULF and on the Frankfurt Exchange under the symbol CB82.
For more information, visit the website or contact:
Arno Brand
abrand@gratomic.ca
(416) 561-4095
Subscribe here to be added to our mailing list and receive news and updates directly to your inbox.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements:
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com.)
https://ceo.ca/@accesswire/gratomic-announces-update-on-construction-at-aukam
TORONTO, ON / ACCESSWIRE / January 14, 2021 / Gratomic Inc. ("Gratomic" or the "Company") (TSXV:GRAT)(FRANKFURT:CB82)(WKN:A143MR)(OTCQB:CBULF) is pleased to announce that it has completed the settling reservoir on the mine site and has begun the commissioning process on the settling and water filtration tanks. The Company is thrilled to report that it remains on target for its planned commissioning in March of 2021.
Gratomic has mobilized a crane through local company, Coleman Transport, located in Rosh Pinah, Namibia. Coleman Transport will assist the team with the placement of the custom engineered plant equipment to allow for final assembly. The custom equipment arrived on site in October as per the Press Release dated October 15th, 2020. The Aukam team will begin commissioning the crushing and grinding circuit the third week of January. Steel Frames and Structures are expected to be installed by the 25th of January.
The Company welcomes Andre Bennet and Theodoris Stephanus to the Aukam team. Andre Bennet will arrive at the site Jan 25 as the site's Lead Mechanic and Maintenance Supervisor.
Prior to accepting the position with Gratomic Inc., Andre Bennet was the Maintenance Manager for Imerys Graphite and Carbon. He was responsible for plant commissioning, enforcement of safety protocols, plant maintenance, inspections, permitting, certifications, meeting OEM product specifications, and liaising with the Engineering team on a daily basis. Andre was responsible for the control of all permits to work including, hot work permits, working at heights, scaffolding, confined spaces, risk assessments, lockout procedures, lifting permits and plans. His vast experience also includes the role of Maintenance Manager at Gecko Namibia, time spent as a Certified Engineering Superintendent, Proprietor and operator of A.F. Bennet Engineering, and Plant Manager for African Portland Cement, to list a few of his many accomplishments.
Theodoris Stephanus will be responsible for the Electric Design and Installation for the final plant assembly phase. Theo's vast experience includes 14 additional Certifications in various areas including Risk Assessment, Snakes and Hazards, Heights, Confined Spaces, Lifting and Rigging, Moving Machinery and others. His background consists of work with various plant components including conveyors, crushers, pumps, raw material handling, compressors, lifts and various elements of the construction process. Mr. Stephanus has held various important roles including Electrical Engineer for Hernic Ferrochrome Pty Ltd -Shaft Maroelabult, where he was responsible for the maintenance of electrical and reticulation systems, problem solving and troubleshooting electrical equipment and reticulation systems, arranging shift coverage with electricians, supervise during shutdowns, and planning of new projects.
*Above image: Depicts Aukam Team Member sealing the processing plant settling reservoir.
The team will proceed with commissioning of the remaining equipment in the coming month and is on track for its March commissioning as planned. Assembly is strategically planned for each unit, or section of the plant, in order to maintain our strict timelines. Contingency plans are in place to account for any, and prevent any, potential delays.
"We are thrilled to have assembled such a fantastic team of people, here at Gratomic, and I am personally grateful for our team members for their hard work and dedication to the Company and the Aukam Graphite Project. We are also grateful to our valued shareholders for their continued support and belief in our vision for Gratomic, we wouldn't be where we are today, only weeks away from commissioning, without their support." stated Arno Brand, President and CEO.
"These are challenging and exciting times for Gratomic's Aukam teams, as work of different disciplines such as steel structure, hydraulic, electric and masonry will be done simultaneously and need to come together smoothly. The competences in our team are the best we could ask for to make that happen", stated Armando Farhate, COO & Head of Graphite Marketing and Sales.
About Gratomic Inc.
Established in 2014, Gratomic is focused on the proposed production of low-cost mine to market carbon-neutral, eco-friendly, high purity vein graphite to be provided to the EV and Energy Storage supply chains. Gratomic is anticipating full operational capabilities in 2021.
Gratomic is in the process of solidifying its plans for micronization and spheronization of its clean Aukam graphite. This significant milestone is a small, additional step in the Company's proposed eco-friendly processing cycle and is intended to allow it to meet ideal North American battery grade standards for use in Li-ion battery anodes.
The Company plans to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.
Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic's Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is anticipated to begin in Q1 of 2021. The agreements exist with TODAQ and Phu Sumika.
TODAQ is an innovative deeptech company that can containerize assets, transactions & markets, and will partner with Gratomic on its mine-to-market commodity tracking and trading. Containerized assets are verifiably unique, keep an immutable record of who has owned them, have embedded smart logic, can be transferred P2P, and are interoperable with any system. Asset owners enjoy stronger ownership control, value retention when trading, and ability to prove authenticity in seconds.
Phu Sumika is a large global graphite supplier to battery and lubrication companies.
Gratomic Inc. is listed on the TSX Venture Exchange under the symbol GRAT, on the OTCQB under the symbol CBULF and on the Frankfurt Exchange under the symbol CB82.
For more information: visit the website at www.gratomic.ca or contact:
Arno Brand at abrand@gratomic.ca or 416 561-4095
Subscribe to the link below to be added to our mailing list and receive news and updates directly to your inbox
https://gratomic.ca/contact/
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Forward Looking Statements:
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).
SOURCE: Gratomic Inc.
View source version on accesswire.com:
https://www.accesswire.com/624355/Gratomic-Announces-Update-on-Construction-at-Aukam-Graphite-Project
News out !!
https://www.accesswire.com/623960/Gratomic-Upgrades-Pre-Purchase-Agreement-with-Crypto-Currency-Company-to-Battery-Grade-Graphite-for-the-EV-Market
Gratomic Upgrades Pre-Purchase Agreement with Crypto Currency Company to Battery Grade Graphite for the EV Market
Tuesday, January 12, 2021 9:45 AM
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Topic:
Company Update
TORONTO, ON / ACCESSWIRE / January 12, 2021 / Gratomic Inc. ("Gratomic" or the "Company") (TSXV:GRAT)(FRANKFURT:CB82)(WKN:A143MR)(OTCQB:CBULF) wishes to announce that it has upgraded its pre purchase agreement with technology company, TODAQ Star Program Phase 1 Corp.("TODAQ"), a subsidiary of TODAQ Holdings Inc., pursuant to the terms of a new agreement dated January 7, 2020 between the Company and TODAQ (the "Supply Agreement") to provide battery grade graphite SG16 for the EV Battery Market. TODAQ is proposed to receive an aggregate of graphite valued at US$25,000,000 from Gratomic's Aukam Graphite Project in Namibia over a 36-month period in exchange for a non-cash digital asset created by TODAQ as a medium for exchange and store of value known as a TODA note ("TDN"). The Supply Agreement fulfillment has been negotiated at an exchange rate of USD$0.30 per TDN note.
The Supply Agreement contemplates that Gratomic will deliver, to TODAQ, 5,000 tonnes of SG16 product valued at USD$25 million under the terms of the agreement, over a 36-month period. TODAQ will put in an initial order of 1,800 tonnes, valued at USD $9 million, in exchange for 30,000,000 TDN, over the first 90-day period of the contract. The original agreement with TODAQ announced in the Press Release dated October 17, 2019, and referred to in the Press Release dated May 25, 2020, provided that the first 1800 tonnes of product would be purchased on the basis of an exchange rate of USD$0.10 per TDN with the balance being purchased at the market rate for TDN.
The Supply Agreement now fixes the value of the TDN notes at USD$0.30 for the purchase of the entire 5000 tonnes providing a fixed value and certainty for the Company. The first delivery date has not yet been established and will depend upon when the Company completes the construction of its processing plant at the Aukam Project in Namibia (see Press Release dated December 31, 2020 for an update on the status of the processing facility). When the Company is ready to deliver the SG16 product to TODAQ, it will inform TODAQ. TODAQ will then submit a purchase order for an initial 600 tonnes of product valued at $3 million and TODAQ will issue 10 million TDN to the Company. The Company will have 90 days thereafter to deliver the product to an on-site warehouse at the Aukam Property under the control of TODAQ which will constitute good delivery for the product. The Company intends to hold onto any TDN received for a minimum six months after which it will start liquidating the TDN into cash. See "Risk Factors" below.
As part of the Supply Agreement, both TODAQ and Gratomic will also be establishing a jointly owned entity, Q Corp, to hold an initial reserve of 60 million TDN to be used to build a treasury of commodities including graphite. As well, Q Corp will be provided with digital supply chain, custody, wallet and trading solutions by TODAQ USA, the digital solution provider of TODAQ, so Gratomic customers and graphite owners can own verifiably authentic and clean graphite which can be traded peer-to-peer and brought to exchange markets. Q Corp offers the option to Gratomic to trade excess production coming from its Aukam Processing facility to Q Corp.
SG16 is a battery grade graphite that can be used for anode material in the majority of Li-ion batteries focusing mainly on the EV sector.
The graphite is to be purchased by TODAQ to sit in reserve as a backstop to underpin the value of deployed TDN. The TDN will allow for cryptographic ownership and tracking of commodities as they are processed and traded.
The Supply Agreement provides that if Gratomic is unable to deliver graphite in accordance with the orders from TODAQ, TODAQ has the right to refuse to take any subsequent attempt to fulfil the order, terminate the agreement immediately, obtain substitute product from another supplier and recover from the Company any costs and expenses incurred in obtaining such substitute product or suing for damages under the contract.
The Supply Agreement provides that the graphite to be delivered will comprise the SG16 product pre-specifications. For more information, please follow this link to view the Company's current Corporate Presentation, preliminary product information is listed on page 48.
"The recent development of digital currency markets demonstrates the importance of Gratomic being ahead of the competition with this pre-purchase agreement. We will be the first company to commercialize graphite with this innovative technology." commented Armando Farhate, COO and Head of Graphite Marketing and sales.
"The adjustment to our existing TODAQ agreement comes as a welcome change as the Company continues to adjust its primary focus towards the rapidly growing electric vehicle market. TODAQ offers a very unique and innovative platform, through which Gratomic can bring shareholder value through bridging the Company's asset into a non-Fiat medium" stated Arno Brand, President & CEO of Gratomic Inc.
Gratomic wishes to emphasize that no Preliminary Economic Analysis ("PEA"), Preliminary Feasibility Study or Feasibility Study has been completed to support any level of production. In fact no mineral resources, let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam Property.
The Company engaged Dr. Ian Flint, Ph.D., P. Eng. (BC), a Qualified Person as that term is defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") to complete a preliminary economic assessment (PEA) on the Aukam Processing plant based upon a resource estimate to be prepared by another Qualified Person. The study, its recommendations, and their subsequent implementation, will provide conclusions and recommendation at a PEA level of comfort relating to the scale up of the existing processing plant to a commercial scale processing facility that will provide the desired concentrate grades and production rates. A preliminary economic assessment is preliminary in nature, and there is no certainty that the preliminary economic assessment will be realized.
The Company is not in a position to demonstrate or disclose any capital and/or operating costs that may be associated with the processing plant, nor the Company's ability to fulfil its obligations to deliver the 1800 tonnes of graphite as required by the purchaser orders.
Gratomic wishes to emphasize that the supply of graphite pursuant to any off-take or supply agreement referred to in this Press Release is conditional on Gratomic being able to bring the Aukam project into a production phase, and for any graphite being produced to meet certain technical and mineralization requirements. See "Risk Factors" below.
Risk Factors
No mineral resources, let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam Property. The Company is not in a position to demonstrate or disclose any capital and/or operating costs that may be associated with the processing plant.
The Company advises that it has not based its production decision on even the existence of mineral resources let alone on a feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit.
Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved.
Failure to commence production would have a material adverse impact on the Company's ability to generate revenue and cash flow to fund operations. Failure to achieve the anticipated production costs would have a material adverse impact on the Company's cash flow and future profitability.
TDN is designed to function as a stablecoin, not a security; have a significant portion of the use as a loyalty reward; act as an asset for goods and services purchases; and have its use be contained within the Adot network ecosystem. The TDN program governance plans to be put under a non-profit foundation during 2021. As a fully decentralized asset, business and individual owners can exercise full control and possession of their TDN. Due to its intrinsic qualities as a TODA containerized, smart, immutably self-tracking asset, TDN is also designed to support secure and efficient fulfillment of regulatory needs. The current market for TDN consists of TODAQ and its current customers, partnering companies as well as their customers and partners. These parties are using TDN among each other as a payment means in return for goods and services. TODAQ intends to expand this market in the future and also expects to expand this market to include over-the-counter digital asset trading platforms, crypto exchanges, commodity exchanges and custodial trust services although TODAQ makes no representation that it will be able to expand the market for the trading of TDN.
Historically, such innovative technical digital assets have a much higher risk of economic and technical failure and there is no certainty that these kinds of assets will have any value. There is no guarantee that TDN will perform as anticipated and neither TODAQ nor the TDN program make any claim or forecast regarding the future value of TDN and do not offer any future expectation of profit.
About Gratomic Inc.
Established in 2014, Gratomic is focused on the proposed production of low-cost mine to market carbon-neutral, eco-friendly, high purity vein graphite to be provided to the EV and Energy Storage supply chains. Gratomic is anticipating full operational capabilities in 2021.
Gratomic is in the process of solidifying its plans for micronization and spheronization of its clean Aukam graphite. This significant milestone is a small, additional step in the Company's proposed eco-friendly processing cycle and is intended to allow it to meet ideal North American battery grade standards for use in Li-ion battery anodes.
The Company plans to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.
Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic's Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is anticipated to begin in Q1 of 2021. The agreements exist with TODAQ and Phu Sumika.
TODAQ is an innovative deeptech company that can containerize assets, transactions & markets, and will partner with Gratomic on its mine-to-market commodity tracking and trading. Containerized assets are verifiably unique, keep an immutable record of who has owned them, have embedded smart logic, can be transferred P2P, and are interoperable with any system. Asset owners enjoy stronger ownership control, value retention when trading, and ability to prove authenticity in seconds.
Phu Sumika is a large global graphite supplier to battery and lubrication companies.
Gratomic Inc. is listed on the TSX Venture Exchange under the symbol GRAT, on the OTCQB under the symbol CBULF and on the Frankfurt Exchange under the symbol CB82.
For more information: visit the website at www.gratomic.ca or contact:
Arno Brand at abrand@gratomic.ca or 416 561-4095
Subscribe to the link below to be added to our mailing list and receive news and updates directly to your inbox
https://gratomic.ca/contact/
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Forward Looking Statements:
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).
SOURCE: Gratomic Inc.
Gratomic Inc.
Gratomic Inc.
Novamind to Commence Trading (CSE:NM) on January 5th, 2021
TORONTO, ON / ACCESSWIRE / January 4, 2021 / Novamind Inc. (CSE:NM)("Novamind" or the "Company"), a leading mental health company specialized in psychedelic-assisted psychotherapy, is pleased to announce that its common shares will commence trading on the Canadian Securities Exchange under the symbol "NM" tomorrow, January 5, 2021.
"Over the last 18 months, we have developed an industry-leading network of mental health clinics and clinical research sites focused on psychedelic medicine," commented Yaron Conforti, CEO and Director of Novamind. "Our public listing, along with our oversubscribed CAN$10 million financing, position Novamind to rapidly expand its base of operations organically and through strategic acquisitions."
To view Novamind's corporate presentation and read recent press releases, please click here.
About Novamind
Novamind is a leading mental health company enabling safe access to psychedelic medicine through a network of clinics, retreats, and clinical research sites. Novamind provides ketamine-assisted psychotherapy and other novel treatments through its network of Cedar Psychiatry clinics and operates Cedar Clinical Research, a contract research organization specialized in clinical trials and evidence-based research for psychedelic medicine. Both Cedar Psychiatry and Cedar Clinical Research are wholly-owned subsidiaries of Novamind. For more information on how Novamind is enhancing mental wellness and guiding people through their entire healing journey, visit www.novamind.ca.
Contact Information
Novamind
Yaron Conforti, CEO and Director
Bill Mitoulas, Investor Relations
Telephone: +1 (647) 953 9512
Email: bill@novamind.ca
Forward-looking Statements
This news release contains forward-looking statements. All statements other than statements of historical fact included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations including the risks detailed from time to time in the Company's public disclosure. The reader is cautioned not to place undue reliance on any forward-looking information. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable laws.
SOURCE: Novamind Inc.
https://www.newsfilecorp.com/release/71162?fbclid=IwAR23TNpzF6Fo6eOY9Ib3ph0EMEG-2hviE75F4npKythYbDqhy0LdC332qQY
Red Light Holland To Make Groundbreaking Investment in St. Vincent and the Grenadines' Plant-Based Wellness and Psychedelics Industry
Red Light Holland's investment through the expected acquisition of Mera Life Sciences would enable global expansion and create a major scientific research and development division to explore plant-based remedies and treatment clinics in the Caribbean
Toronto, Ontario--(Newsfile Corp. - December 30, 2020) - Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTC: TRUFF) ("Red Light Holland" or the "Company"), is pleased to announce it has entered into a non-binding letter of intent to acquire 100% of Mera Life Sciences LLC ("Mera"), a company focused on developing a modern medicinal industry in St Vincent and the Grenadines, with their issued Psychedelic Licenses, which includes the following plants and compounds (the "Compounds"): (i) Mushrooms/Truffles - Psilocybin; (ii) Ketamine; (iii) Ayahuasca; (iv) 3,4-Methyl?enedioxy?methamphetamine (MDMA); (v) 5-methoxy-N,N-dimethyltryptamine (5-MEO-DMT); (vi) Dimethyltryptamine (DMT); (vii) Sassafras; (viii) Ibogaine; (ix) Peyote (x) Papaya; (xi) Aloe Vera; (xii) Arrowroot; (xiii) Soursop; (xiv) Ginger; (xv) Moringa; and (xvi) Coconut Oil.
"The acquisition of Mera and its coveted licenses would allow Red Light Holland to perform high quality psychedelic product research and development, cultivate, extract and process, and export not just Psilocybin, but with compounds such as Ayahuasca, MDMA, DMT, Peyote, Ketamine and many other natural based plants as well. We are The People's Company and we want to work closely with countries wishing to develop plant and fungus-based remedies - including treatment clinics, and we now understand that St. Vincent and the Grenadines shares our vision." said Todd Shapiro, CEO and Director of Red Light Holland.
As well, the terms of the agreement will permit Red Light Holland to collaborate with Vincentian entities to import any of the above Compounds.
"The opportunity to explore the inner molecular worlds of multiple plant species, including a variety of psychedelics, is an exciting one. This could put Red Light Holland in the position to discover novel clinical applications for a variety of natural psychedelics. By utilizing a lab built for this purpose on the (main) island, along with cutting edge artificial intelligence, something I'm very familiar with, Red Light Holland would be approaching the frontier of natural plant based drug discovery," said Dr. Joseph Geraci, Scientific Advisor of Red Light Holland and CEO of NetraMark Corp.
"Red Light Holland is focused on establishing itself as a multi country operator with natural plants and natural fungi, from growing to distribution of legal sales to potential clinics. We look forward to the careful due diligence process and hopefully adding Mera and their ground-breaking licenses in SVG, which would instantly strengthen our Scientific and Innovation Division, Scarlette Lillie by expanding our vision for research and development and for providing access to natural psychedelics on all fronts," added Shapiro.
"The emerging modern plant-based medicinal research industry in the Caribbean is the future, and St. Vincent and the Grenadines is leading on this path" The island's Minister of Agriculture, Hon. Saboto Caesar pointed out. "St. Vincent and the Grenadines has been able to attract experts interested in exploring the medicinal value of indigenous plants, cannabis and other plants that may thrive in tropical conditions and possess medicinal properties." re-expressed from News 784.
Further details will be announced once made available.
About Mera Life Sciences LLC
Mera Life Sciences LLC is focused on the research and development, cultivation, extraction, processing and completion, exportation and clinics using natural medicines. Mera holds the ability to work with a number of psychedelic substances as part of the previously announced medicinal feasibility study.
About Red Light Holland Corp.
The Company is an Ontario-based corporation positioning itself to engage in the production, growth and sale (through existing Smart Shops operators and an advanced e-commerce platform) of a premium brand of magic truffles to the legal market within the Netherlands, in accordance with the highest standards, in compliance with all applicable laws.
For additional information on the Company:
Todd Shapiro
Chief Executive Officer & Director
Tel: 647-204-7129
Email: todd@redlighttruffles.com
Website: https://redlighttruffles.com/
Forward-Looking Statements
Neither the Canadian Securities Exchange (the "CSE") nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control.
Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward- looking statements contained herein include, but are not limited to, information about the timing and other aspects of the non-binding letter of intent to acquire Mera Life Sciences and invest in St. Vincent and the Grenadines. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward- looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. In particular, there is no guarantee that the acquisition of Mera Life Sciences or the groundbreaking investment in St. Vincent and the Grenadines will proceed, or if it does proceed it will reflect the understanding of the parties as of the date of this release. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.
Not for distribution to United States newswire services or for dissemination in the United States.
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https://www.accesswire.com/622568/Gratomic-Announces-Completion-of-Civil-Construction-Work-and-Begins-Final-Equipment-Assembly
Gratomic Announces Completion of Civil Construction Work and Begins Final Equipment Assembly
Wednesday, December 30, 2020 8:00 AM
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Product Announcements
TORONTO, ON / ACCESSWIRE / December 30, 2020 / Gratomic Inc. ("GRAT" or the "Company") (TSXV:GRAT)(FRANKFURT:CB82)(WKN:A143MR)(OTCQB:CBULF) is pleased to announce completion of civil construction work and final equipment assembly on its Aukam Processing Plant in Namibia. The Gratomic team has made an extreme effort to maintain the activities at the Aukam site, while ensuring that every precautionary measure has been taken to prevent the likelihood of a COVID-19 infection on the premises.
Gratomic has engaged the services of 12 additional temporary workers, through the local community of Aus, to relieve the Company's Aukam workers and to allow them time-off during the Holiday Season. This is one of the many additional steps that the team has undertaken to ensure that time constraints are met according to the strict construction timeline.
Final equipment assembly has started on metal structures and support frames, manufactured locally by Pro-Edge Steel. Each piece of equipment is being assembled over its custom designed structure.
Simultaneously, the onsite team is setting up water, slurry, hydraulic, and electrical installation in preparation of the commissioning phase that comes thereafter.
Karl Trudeau will travel to the Aukam Graphite Project in Namibia in Mid-January to oversee final equipment assembly and commissioning in person.
Andre Bennet has been appointed as Mechanic and maintenance Supervisor for the Aukam Graphite Project.
"I would like to thank the Gratomic workforce in Aukam for their extreme dedication and hard work, which made possible this great achievement, and I am sure that they will continue to be the backbone of our Company for the next steps to come," said Armando Farhate, COO & Head of Graphite Marketing and Sales.
"Gratomic continues to excel against all odds in this new exciting phase that brings our Aukam Processing Plant even closer to commissioning. We couldn't be more thrilled with the progress the team is making and with their ability to quickly adapt to changing circumstances. It is amazing to see how the team has come together to bring this eight-year-old vision to life." commented Arno Brand, President & CEO at Gratomic Inc.
About Gratomic Inc.
Established in 2014, Gratomic is an advanced materials company focused on low-cost mine to market commercialization of carbon-neutral, Eco-friendly, high purity vein graphite and is set to become a key player in EV and Renewable Resource supply chains. Gratomic Inc. is a leader among peers, anticipating full operational capabilities in early 2021 and aiming to transition to an open pit operation by Q4 of 2021.
Gratomic is in the process of solidifying its development plans for micronization and spheronization of its clean Aukam graphite. This significant milestone is a small, additional step in the Company's existing Eco-friendly processing cycle and will allow its naturally high purity graphite to meet ideal North American battery grade standards for use in Li-ion battery anodes.
The Company promises to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.
Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic's Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is slated to begin in 2021. The agreements exist with TODAQ and Phu Sumika.
TODAQ is an innovative tech company and will partner with Gratomic on its mine-to-market commodity tracking.
Phu Sumika is a large global graphite supplier to battery and lubrication companies.
Gratomic Inc. is listed on the TSX Venture Exchange under the symbol GRAT.
For more information, visit our website at www.gratomic.ca or contact us at info@gratomic.ca. Subscribe to receive news and updates.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements:
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com
SOURCE: Gratomic Inc.