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The trustee may feel the need to delay a distribution for a couple of decades just in case Nicky Jr. files a new claim when he gets out.
Hecla to Participate at Bank of America Merrill Lynch Leveraged Finance and Scotiabank Mining Conferences
Wed November 23, 2016 7:00 AM|Business Wire|About: HL
COEUR D'ALENE, Idaho--(BUSINESS WIRE)-- Hecla Mining Company’s (NYSE:HL) Vice President – Investor Relations, Mike Westerlund, will present at the Bank of America Merrill Lynch Leveraged Finance Conference in Boca Raton, Florida, Tuesday, November 29, 2016, at 3:30 p.m. ET. A webcast of the presentation will be available at https://www.veracast.com/webcasts/baml/levfin2016/id12113796072.cfm. A webcast link to the presentation and PDF of the slide presentation will be available on the Company’s website at www.hecla-mining.com.
Phillips S. Baker, Jr., President and CEO, will participate in a Silver panel discussion at the Scotiabank Mining Conference in Toronto, on Wednesday, December 7, 2016, at 9:00 a.m. ET.
ABOUT HECLA
Founded in 1891, Hecla Mining Company (NYSE:HL) is a leading low-cost U.S. silver producer with operating mines in Alaska, Idaho and Mexico, and is a growing gold producer with an operating mine in Quebec, Canada. The Company also has exploration and pre-development properties in seven world-class silver and gold mining districts in the U.S., Canada, and Mexico, and an exploration office and investments in early-stage silver exploration projects in Canada.
Cautionary Note Regarding Forward-Looking Statements
Statements made or information provided in this news release that are not historical facts, such as anticipated production, sales of assets, exploration results and plans, costs, and prices or sales performance are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of Canadian securities laws. Words such as “may,” “will,” “should,” “expects,” “intends,” “projects,” “believes,” “estimates,” “targets,” “anticipates” and similar expressions are used to identify these forward-looking statements. Forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied. These risks and uncertainties include, but are not limited to, metals price volatility, volatility of metals production and costs, litigation, regulatory and environmental risks, operating risks, project development risks, political risks, labor issues, ability to raise financing and exploration risks and results. Refer to the company’s Form 10-K and 10-Q reports for a more detailed discussion of factors that may impact expected future results. The company undertakes no obligation and has no intention of updating forward-looking statements other than as may be required by law.
http://cts.businesswire.com/ct/CT?id=bwnews&sty=20161123005130r1&sid=acqr7&distro=nx&lang=en
View source version on businesswire.com: http://www.businesswire.com/news/home/20161123005130/en/
Hecla Mining Company
Jeanne DuPont, 1-800-HECLA91 (1-800-432-5291)
hmc-info@hecla-mining.com
Corporate Communications Coordinator
Investor and Public Relations
Source: Hecla Mining Company
Copyright Business Wire 2016
Crickets.
Medical marijuana gets 14 month tax holiday in California.
"As a result, tax-free medical marijuana sales will occur in California from now through the end of 2017. With recreational sales not set to begin until 2018, tax-free medical sales leave California facing a disappointing near-term marijuana tax revenue picture. The creators of the initiative have stated publicly that providing a 14-month tax holiday for marijuana was not their intention, but the state’s Board of Equalization ruled otherwise."
https://www.washingtonpost.com/news/wonk/wp/2016/11/16/the-marijuana-initiative-blunder-that-could-cost-california-millions/
Medical marijuana gets 14 month tax holiday in California.
"As a result, tax-free medical marijuana sales will occur in California from now through the end of 2017. With recreational sales not set to begin until 2018, tax-free medical sales leave California facing a disappointing near-term marijuana tax revenue picture. The creators of the initiative have stated publicly that providing a 14-month tax holiday for marijuana was not their intention, but the state’s Board of Equalization ruled otherwise."
https://www.washingtonpost.com/news/wonk/wp/2016/11/16/the-marijuana-initiative-blunder-that-could-cost-california-millions/
Golden Leaf Holdings Comments on Growth of the Cannabis Market in Oregon and Marion County Elections
Toronto, Ontario – (Marketwired - November 15, 2016) - Golden Leaf Holdings Ltd. (CSE:GLH) (OTCQB:GLDFF) ("GLH" or "the Company"), a leading cannabis oil solutions company built around recognized brands, is providing the following update to shareholders regarding the current state of the cannabis industry in Oregon and the changes underway in the recreational adult use market.
Oregon's recreational market surpassed $160 million in sales from the beginning of January through the end of September 2016, and Marijuana Business Daily and its Marijuana Business Factbook 2016 forecasts Oregon's market to reach $180 to $200 million by year end. However, oversight of the recreational, adult-use market is now transitioning to the Oregon Liquor Control Commission (OLCC), resulting in a decrease in the state sales tax from 25% to 17% and an increase in customer purchase limits.
As a result, sales estimates for the recreational market in Oregon could prove conservative. GLH is pleased to announce that it is in the process of applying for the required licenses in order to take advantage of this opportunity.
Marion County Elections
On November 8, 2016, citizens in Marion County, Oregon voted against the sale and production of marijuana for either medical or recreational purposes. This ban is expected to go into effect on or around January 1, 2017. As described in GLH's previous press release dated October 17, 2016, the topic of Marion County has been discussed since the implementation of the Marion County Ordinance last year, and GLH has taken necessary steps to minimize any impact that a ban would have on its business.
Due to the result of this vote, the Company will focus its operations and expansion plans at a Portland-based facility leased in Multnomah County for recreational production. GLH is in the process of applying for wholesale distribution and recreational processing licenses and determining the expected timeline for receipt of these licenses.
The Recreational and Medical Marijuana Market in Oregon
Currently, recreational adult users can purchase products either through a medical marijuana dispensary or a new recreational dispensary.
The OLCC is responsible for the recreational market and licensing. Currently, dispensaries have an option to become recreational or medical which has to be declared by end of the year. If a facility becomes a recreational dispensary, it can sell products to both recreational consumers and medical marijuana patients (who have medical marijuana cards). In the same dispensary, an individual can buy different dosed amounts of products depending upon whether they are a recreational adult user or medical marijuana customer. Recreational dispensaries can only buy, source, and sell products from licensed recreational growers, processors, and wholesalers (managed by the OLCC).
Medical dispensaries can only buy, source, and sell products from entities who are registered under the medical marijuana program (managed by the OHA).
The Oregon Health Authority (OHA) is overseeing the state's early adoption of the recreational marijuana sales, allowing medical dispensaries to conduct sales to recreational adult users through December 31 of this year. Starting January 1, 2017, only medical marijuana card holders can buy product in medical dispensaries.
GLH Recreational Licensing and Timeline
The Company is in the process of applying for a recreational wholesale and recreational processor license for its Portland location. In order to sell either under a wholesale or processor license, GLH will have to receive a license from both the OLCC and the City of Portland. The company expects to receive its wholesale license within the next 30 days.
With a wholesale license, GLH will be able to buy and sell flower and oil from other processors, which then could be repacked in Golden-branded packaging.
In order to actually process (extract and refine) cannabis oil at the Portland location, the Company needs to receive its recreational processor license. GLH expects to receive its processor license within the next 60 days, contingent upon getting the relevant regulatory and city approvals.
About Golden Leaf Holdings Ltd.
Golden Leaf Holdings Ltd. is one of the largest cannabis oil and solution providers in North America. It's a leading cannabis products company in Oregon built around recognized brands. GLH leverages a strong management team with cannabis and food industry experience to complement its expertise in extracting, refining, and selling cannabis oil.
For more information please visit http://www.goldenleafholdings.com/.
Forward-Looking Statements
Disclaimer: This press release contains "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company’s future business operation, expectations of gross sales, the opinions or beliefs of management, and future business goals. Generally, forward looking information 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 state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to general business, economic and competitive uncertainties, regulatory risks including risks related to the expected timing of the Company’s participation in the Adult Use market, market risks, risks inherent in manufacturing operations and other risks of the cannabis industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause 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. Accordingly, readers should not place undue reliance on forward looking information. Forward-looking information is provided herein for the purpose of presenting information about management’s current expectations relating to the future and readers are cautioned that such information may not be appropriate for other purpose. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Contacts
Investor Relations - U.S.A.
Harrison Phillips
Viridian Capital Advisors, LLC
212-485-0284
Africa Oil 2016 Third Quarter Financial and Operating Results
7:01 pm ET November 14, 2016 (Market Wire) Print
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 14, 2016) - Africa Oil Corp. (TSX:AOI)(OMX:AOI) ("Africa Oil" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2016.
At September 30, 2016, the Company had cash of $490.1 million and working capital of $455.5 million. The Company's liquidity and capital resource position improved dramatically during 2016 with the receipt of $439.4 million (inclusive of deposit received prior to 2015 year-end) upon completion of the farmout transaction with Maersk Olie og Gas A/S ("Maersk") whereby Maersk acquired 50% of the Company's interests in Blocks 10BB, 13T and 10BA in Kenya and the Rift Basin and South Omo Blocks in Ethiopia. Proceeds received from Maersk include $350.0 million as reimbursement of past costs incurred by the Company prior to the agreed March 31, 2015 effective date and $89.4 million representing Maersk's share of costs incurred between the effective date and closing, including a carry reimbursement of $15.0 million related to exploration expenditures. An additional $75.0 million development carry may be available to the Company upon confirmation of existing resources. Upon Final Investment Decision ("FID"), Maersk will be obligated to carry Africa Oil for an additional amount of up to $405.0 million depending on meeting certain thresholds of resource growth and timing of first oil.
Tullow Oil, Maersk, and Africa Oil (the "Joint Venture Partners") plan to recommence drilling activities in the South Lokichar oil basin located in Blocks 10BB and 13T in Kenya in the fourth quarter of 2016 with an initial programme of four wells and the potential to extend this by a further four wells. The first two wells are expected to be the Etete and Erut prospects in the north of South Lokichar basin. Other potential prospects in the programme include further appraisal of the Ngamia and Amosing fields to target un-drilled flanks, with an aim of extending the size of these existing discoveries. In addition, the Joint Venture is planning an extensive water injection test programme in the fourth quarter of 2016 to collect data to optimise the field development plans. Africa Oil holds a 25% interest in Blocks 10BB and 13T.
In addition to progressing the full field development work in Kenya, an Early Oil Pilot Scheme (EOPS) transporting oil from South Lokichar to Mombasa, utilising road, has been approved by the Joint Venture Partners. This will provide technical and non-technical information that will assist in full field development planning. The EOPS would utilise existing upstream wells and oil storage tanks to initially produce 2,000 bopd around mid-2017, subject to agreement with National and County governments.
The Company has completed the following significant operational activities during the third quarter and to date in 2016:
The Government of Kenya announced that it intends to run a crude oil pipeline from South Lokichar to the port of Lamu. The Joint Venture Partners have signed a Memorandum of Understanding with the Government of Kenya which confirms the intent of the parties to jointly progress the development of a Kenya crude oil pipeline. The pipeline Joint Development Agreement is currently being finalized and is expected to be signed in the fourth quarter of 2016. The Joint Venture Partners continue to progress the technical, environmental and social studies and tenders required to proceed to FEED for both the upstream and pipeline projects. Both FEED studies are expected to start in early 2017. It is expected that any Kenya standalone pipeline plan will take into consideration the potential to accommodate the transportation of additional oil resource from bordering East Africa countries.
On May 10, 2016, the Company announced details of an updated independent assessment of the Company's contingent resources in the South Lokichar Basin in Blocks 10BB and 13T (Kenya). The estimated gross 2C unrisked resources in the South Lokichar Basin, Kenya have increased by 150 million barrels (or 24%) since they were previously assessed during 2014 to 766 million barrels of oil (Development Pending: 754 million barrels and Development Unclarified: 12 million barrels).
Preparation for water injection testing commenced towards the end of the third quarter of 2016 on the Amosing-3 well. The first results of the testing are expected during the fourth quarter of 2016.
The Joint Venture Partners received a three-year extension to the Second Additional Exploration Period (expiring 18 September 2020) on Blocks 10BB and 13T.
The Cheptuket-1 well (Block 12A) completed drilling to a depth of 3,083 meters. The well encountered oil shows, seen in cuttings and rotary sidewall cores, across a large interval of over 700 meters and post-well analysis is still in progress. A FTG survey over Block 12A has been completed to gain further data on this prospective area. Further exploration activities in Block 12A and Africa Oil's other remaining unexplored acreage, continue to be evaluated. Africa Oil holds a 20% interest in Block 12A.
The Joint Venture Partners in the South Lokichar Basin continue to progress work aimed at sanctioning development, including: continuing studies to support reservoir modelling, additional core analysis, petrophysical analysis, and advancement of commercial work related to the development plans.......
http://www.marketwired.com/press-release/africa-oil-2016-third-quarter-financial-and-operating-results-tsx-aoi-2175512.htm
Renaissance announces acquisition of its fourth block in Mexico, operations update and key additions to management
2:00 am ET August 26, 2016 (Dow Jones) Print
Renaissance announces acquisition of its fourth block in Mexico, operations update and key additions to management
Canada NewsWire
VANCOUVER, Aug. 25, 2016
VANCOUVER, Aug. 25, 2016 /CNW/ - Renaissance Oil Corp. ("Renaissance" or the "Company") (TSX-V: ROE) is pleased to announce the Company has entered into a license contract for the development of the Pontón block in Veracruz, Mexico. Pontón is approximately 12km(2) (2,965 acres) and now the fourth property, in Mexico, to be operated by Renaissance. Although not currently producing, Pontón has cumulatively produced approximately 800,000 barrels of light oil (34deg API). Renaissance is preparing field development plans with the objective to re-establish and grow production on this block. The Pontón license contract includes the entire stratigraphic column and was awarded to Renaissance with an additional royalty of only 21.39%, significantly contributing to the Company's objective of reducing the average royalty rate of its portfolio properties in Mexico.
Renaissance is also pleased to announce it has completed the 90 day transition period and has now assumed full operatorship of the one hundred percent (100%) held Mundo Nuevo, Topén and Malva blocks in Chiapas, Mexico (the "Chiapas Blocks"). The Company has subsequently entered into a sale and purchase agreement with Petróleos Mexicanos ("PEMEX") for the oil and natural gas production from the Chiapas Blocks, ensuring access to market for future production. Aggregate production from the Chiapas Blocks for July averaged approximately 1,700 barrels of oil equivalent per day of which approximately 45% comprises crude oil.
Renaissance has now opened its field operations office in Villahermosa, Tabasco, which is in close proximity to the Chiapas Blocks. Preparations are actively underway for field development including numerous work overs and drilling of new wells. These operations are expected to commence in the first quarter of 2017.
Renaissance is pleased to announce the promotion of Carol Law to the position of Chief Operating Officer. Ms. Law joined Renaissance in September 2015 and has been a key contributor to our evaluation of the Chiapas Blocks and other opportunities in Mexico. Ms. Law has exploration and operational experience in more than 40 countries, and has led teams to major discoveries on four continents. She most recently managed the Anadarko exploration and appraisal of the world class Prosperidad Gas discovery in the Rovuma Basin, offshore Mozambique. Over the course of her 32- year career, Ms. Law has held senior management roles with Anadarko Petroleum, Kerr McGee Oil & Gas, BP/Amoco and Conoco Inc.
Renaissance has also appointed and welcomes Luis Miguel Labardini to the position of Country Manager. Mr. Labardini has been a valued advisor to the Company for the past 18 months in his consulting role with Marcos y Asociados. Mr. Labardini brings extensive industry experience to Renaissance having held several high profile positions including Senior Advisor to the CFO of PEMEX, Deputy Director for Trade Financing at the Mexican Ministry of Finance and the Deputy Director for Foreign Investment at the Mexican Ministry of Finance.
Renaissance continues to make progress on its journey to become a major Mexican energy producer.
For further information, please visit our website at www.renaissanceoil.com.
RENAISSANCE OIL CORP.
Per:
Craig Steinke
Chief Executive Officer
Abbreviations:
bbl or bbls barrel or barrels Mcf thousand cubic feet
bbls/d barrels per day Mcf/d thousand cubic feet per day
boe barrels of oil equivalent MMcf million cubic feet
boe/d barrels of oil equivalent MMcf/d million cubic feet per day
per day
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including, without limitation, statements with respect to the Company optimizing field efficiencies to increase the production and cash flow from the properties in Mexico and the Company becoming a major Mexican energy producer. Forward-looking statements are statements that are not historical facts which address events, results, outcomes or developments that the Company expects to occur; they are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Certain material assumptions regarding such forward-looking statements are discussed in this news release and the Company's annual and quarterly management's discussion and analysis filed at www.sedar.com. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Renaissance Oil Corp.
/CONTACT:
Craig Steinke, Chief Executive Officer, Tel: +1 604-536-3637; Kevin J. Smith, Vice President, Business Development, Tel: +1 403-200-9047
Copyright CNW Group 2016
(END) Dow Jones Newswires
August 26, 2016 02:00 ET (06:00 GMT)
You would think us plebs would eventually catch on to the ruse and just buy or sell the other side of rational depending on the headline news. It's what the elites do, but of course, they do have the central banks watching their backs.
Hillary Rodham Clinton
AGTK was down roughly the same as the overall U.S. Marijuana Index which was down 9.27% at the close and 12.7% at the low of the day. Tomorrow should bring more clarity, but the loss by HRC was clearly a negative for the U.S. marijuana industry.
http://marijuanaindex.com/
The central banks around the world led by our own Fed are likely backstopping the massive selling of paper gold contracts in order to suppress the negative effect of real money on fiat currencies. They have been amazingly successful with this strategy and there are reports of recent paper contracts to physical gold at a ratio of 500 to 1. (500 times more gold promised than gold available to deliver) How long it can continue is anyone's guess, but when it does it should be historic.
Today might be even better.
Hecla Mining beats by $0.01, beats on revenue
THIRD QUARTER HIGHLIGHTS AND SIGNIFICANT ITEMS (compared to Q3 2015)
-- Net income applicable to common shareholders of $25.7 million, or $0.07 per share.
-- Sales of $179.4 million, up 71%, a record.
-- Adjusted EBITDA of $75.2 million, up 323%.(1)
-- Cash provided by operating activities of $87.0 million, up 225%. Includes $16 million of insurance proceeds for the Troy Mine reclamation.
-- Free cash flow of $27.7 million, up $38 million.(2)
-- Total silver production of 4.3 million ounces, up 67%.
-- Gold production of 52,126 ounces, up 19%.
-- Silver equivalent production of 10.3 million ounces, up 17%.(3)
-- Last 12 months net loss of $13.7 million and adjusted EBITDA of $234 million.(1)
-- Net debt/adjusted EBITDA (last 12 months) of 1.4x, a 49% decline.(1,4)
-- Cash and cash equivalents and short-term investments of $192.4 million at September 30, 2016, up $33 million over the second quarter.
-- Completed the acquisition of the Montanore project, located near the Rock Creek project.
-- Reduced estimate for 2016 cash cost, after by-product credits, per silver ounce to $4.00 and increased estimate for 2016 cash cost, after by-product credits, per gold ounce to $750.(5)
"Hecla's quarterly production growth, record sales, cash provided by operating activities of $87 million and free cash flow of $28 million reflect how our commitment to invest when prices were lower allows us to now reap the benefits of having more production at higher prices," said Phillips S. Baker, Jr., Hecla's President and CEO. "This quarter was just another step towards establishing new 125-year records in 2016. Our free cash flow and strengthening balance sheet allow us to immediately invest in more innovation, exploration and high-return projects. And with the acquisition of our second large undeveloped silver project, Montanore, we expect to generate additional value in the future."
http://www.businesswire.com/news/home/20161108005347/en/
Hecla Mining beats by $0.01, beats on revenue
THIRD QUARTER HIGHLIGHTS AND SIGNIFICANT ITEMS (compared to Q3 2015)
-- Net income applicable to common shareholders of $25.7 million, or $0.07 per share.
-- Sales of $179.4 million, up 71%, a record.
-- Adjusted EBITDA of $75.2 million, up 323%.(1)
-- Cash provided by operating activities of $87.0 million, up 225%. Includes $16 million of insurance proceeds for the Troy Mine reclamation.
-- Free cash flow of $27.7 million, up $38 million.(2)
-- Total silver production of 4.3 million ounces, up 67%.
-- Gold production of 52,126 ounces, up 19%.
-- Silver equivalent production of 10.3 million ounces, up 17%.(3)
-- Last 12 months net loss of $13.7 million and adjusted EBITDA of $234 million.(1)
-- Net debt/adjusted EBITDA (last 12 months) of 1.4x, a 49% decline.(1,4)
-- Cash and cash equivalents and short-term investments of $192.4 million at September 30, 2016, up $33 million over the second quarter.
-- Completed the acquisition of the Montanore project, located near the Rock Creek project.
-- Reduced estimate for 2016 cash cost, after by-product credits, per silver ounce to $4.00 and increased estimate for 2016 cash cost, after by-product credits, per gold ounce to $750.(5)
"Hecla's quarterly production growth, record sales, cash provided by operating activities of $87 million and free cash flow of $28 million reflect how our commitment to invest when prices were lower allows us to now reap the benefits of having more production at higher prices," said Phillips S. Baker, Jr., Hecla's President and CEO. "This quarter was just another step towards establishing new 125-year records in 2016. Our free cash flow and strengthening balance sheet allow us to immediately invest in more innovation, exploration and high-return projects. And with the acquisition of our second large undeveloped silver project, Montanore, we expect to generate additional value in the future."
http://www.businesswire.com/news/home/20161108005347/en/
Golden Leaf Holdings (GLH:CNX), although down somewhat, traded 3.5 million shares on the Canadian exchange last Friday which put it in the top 10 actives of the Marijuana Index. Also, the index turned up after diving early in the day.
http://marijuanaindex.com/
The entire U.S. Marijuana Index is down over 5% today. Investors are likely just taking profits before the election next week.
http://marijuanaindex.com/
Golden Leaf Comments on Upcoming Voting in U.S. for Cannabis Legalization
TORONTO, ONTARIO--(Marketwired – November 1, 2016) – Golden Leaf Holdings Ltd. ("GLH" or the "Company") (CSE:GLH) (OTCQB:GLDFF), a leading cannabis oil solutions company built around recognized brands, today stated that America’s growing public support of legalized medicinal and recreational cannabis use will increase the value of branded cannabis products to reflect many of the strategies applied in the food and consumer packaged goods industries.
The American population’s increasing support for the legalization of cannabis has been a primary driver of the industry’s rapid growth, with the trend being validated by the Gallup Poll released in October 2016 showing that 60% of Americans are in favor of legalization, the highest percentage of support recorded in the 47-year trend. The accelerating momentum of support has given rise to the passage of new cannabis regulations in many states, as well as offered lawmakers in other states the confidence to introduce new legislative initiatives for placement on 2016 ballots. The states considering legalization in upcoming November 2016 election include, North Dakota, Arkansas, and Florida for medical use, and Arizona, California, Maine, Massachusetts, and Nevada for recreational use.
Don Robinson, Golden Leaf’s CEO, stated, “With legalization progressing forward in multiple states across the country, the way in which cannabis consumers approach their purchasing decisions are beginning to shift towards branded products. This will focus industry attention on cGMP (consumer Good Manufacturing Practices) and consumer packaged goods centric branding and packaging. This is similar to the way in which the alcohol and food markets approach the development of a broad portfolio of brands to differentiate revenue sources, enhance brand awareness and penetration, and capture market share.”
Mr. Robinson continued, “We believe that the pedigree of Golden Leaf’s management team and world class experience in the food and consumer packaged goods industry supports Golden Leaf’s growing market share in the cannabis marketplace.”
About Golden Leaf Holdings:
Golden Leaf Holdings Ltd. is one of the largest cannabis oil and solution providers in North America. It's a leading cannabis products company in Oregon built around recognized brands. GLH leverages a strong management team with cannabis and food industry experience to complement its expertise in extracting, refining and selling cannabis oil.
For further information, please contact:
Canadian Investor Relations:
Paul Searle
T: 778.240.7724
E:psearle@goldenleafholdings.com
U.S. Investor Relations:
Harrison Phillips
Viridian Capital Advisors, LLC
212-485-0284
hphillips@viridianca.com
Golden Leaf Holdings Obtains DTC Eligibility in the U.S. and Now Trades on the OTCQB Market Under Symbol “GLDFF”
(Toronto, Ontario, November 1, 2016) – Golden Leaf Holdings Ltd. ("GLH" or the "Company") (CSE:GLH) (OTCQB:GLDFF), a leading cannabis oil solutions company built around recognized brands, is pleased to announce that, effective November 1, 2016, it has secured Depository Trust Company (DTC) eligibility for its common shares listed on the OTCQB Market. Securities that are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible". This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors.
The Company's common shares are listed for trading on the OTCQB, a U.S. based securities trading system, under the symbol "GLDFF". Golden Leaf’s shares will continue to be traded on the Canadian Stock Exchange under its existing symbol "GLH".
Don Robinson, Golden Leaf's CEO, commented, "We're pleased to announce that our shares have begun to trade on a U.S. exchange and excited to bring our Company to the attention of the investment community in the U.S. We believe that the track record of our management team and Board of Directors, in combination with the quality and leading market share of our products, positions us for long-term success."
Golden Leaf will host a webinar on Thursday, November 3, 2016, at 4:15pm ET, to discuss the U.S. listing and provide a corporate update. Those interested in participating in the webinar should use the login information below. Note that all questions must be submitted ahead of the call to hphillips@viridianca.com.
Cannainvestor Digital Magazine front page story on CSAX link.
https://www.joomag.com/magazine/cannainvestor-magazine-october-november-2016/0073702001476292910?token=xBd7xtAGSSqOjuMAXE079A%2Fw3%2FmkR5FqLn7diSGOi%2Bfd%2BDT3LMqmIszpuCMeUrdT9hjHq8Gk5I1qJYyLm%2F%2FbhfHfTDGIvjA0Amu%2BF3RhX%2B13UvzLk%2F1X%2FjnuJvXYWgxOeZiP%2FT7NRLJQitP%2BficvR6xkiZ%2F4jyvfAjZ53x%2B42D8zQnwT07uDKbtm2CAjtZ5jVEVmOIZwsA29v%2FTA92n3UA%3D%3D&ref=email
Time to spread the news? Doesn't AGTK deserve to be in the Ticker Buzz Cloud.
Cannabis Stock Leader: Agritek Holdings Inc (OTO:AGTK) Gains 33.51% at Midday on October 26
Agritek Holdings Inc (OTO:AGTK) has a strong morning trading session on October 26, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an advance of 33.51%. After closing the previous session at $0.037, shares of $AGTK opened this morning at $0.0393 and are trading at $0.0494 at the lunch break. So far, about 10.56 million shares have changed hands, compared to an average of 30-day volume of 9.45 million for Agritek Holdings Inc. Shares moved as high at ${round high 4} and as low as $0.039 in AM trading action. The share appreciation gives the company a market capitalization of $11.07 million based upon 299.26 million shares outstanding. In the past 52 weeks, shares of Agritek Holdings Inc have traded as low as $0.0008 and as high as $0.0428. Technical traders will take note that at $0.0494, shares of AGTK are trading above their 50-day moving average (MA) at $0.008 and above their 200-day MA at $0.005. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move above them is typically regarded as bullish. Who is AGTK? Agritek Holdings Inc is engaged in acquiring and leasing real estate to licensed marijuana operators including providing complete turnkey growing space and related facilities to licensed marijuana growers and dispensary owners. The company is led by its CEO B. Friedman from its headquarters in Miami, FL. For more information on AGTK and other companies focused on the expanding legal cannabis and medical marijuana industries or to considered for contributing content, visit PotNetwork.com today.
http://marijuanaindex.com/industry-news/?newsId=5634626221358551&headline=Cannabis-Stock-Leader-Agritek-Holdings-Inc-OTOAGTK-Gains-3351-at-Midday-on-October-26
Cannabis Stock Leader: Agritek Holdings Inc (OTO:AGTK) Gains 33.51% at Midday on October 26
Agritek Holdings Inc (OTO:AGTK) has a strong morning trading session on October 26, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an advance of 33.51%. After closing the previous session at $0.037, shares of $AGTK opened this morning at $0.0393 and are trading at $0.0494 at the lunch break. So far, about 10.56 million shares have changed hands, compared to an average of 30-day volume of 9.45 million for Agritek Holdings Inc. Shares moved as high at ${round high 4} and as low as $0.039 in AM trading action. The share appreciation gives the company a market capitalization of $11.07 million based upon 299.26 million shares outstanding. In the past 52 weeks, shares of Agritek Holdings Inc have traded as low as $0.0008 and as high as $0.0428. Technical traders will take note that at $0.0494, shares of AGTK are trading above their 50-day moving average (MA) at $0.008 and above their 200-day MA at $0.005. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move above them is typically regarded as bullish. Who is AGTK? Agritek Holdings Inc is engaged in acquiring and leasing real estate to licensed marijuana operators including providing complete turnkey growing space and related facilities to licensed marijuana growers and dispensary owners. The company is led by its CEO B. Friedman from its headquarters in Miami, FL. For more information on AGTK and other companies focused on the expanding legal cannabis and medical marijuana industries or to considered for contributing content, visit PotNetwork.com today.
http://marijuanaindex.com/industry-news/?newsId=5634626221358551&headline=Cannabis-Stock-Leader-Agritek-Holdings-Inc-OTOAGTK-Gains-3351-at-Midday-on-October-26
Golden Leaf Holdings Appoints New Chief Financial Officer
TORONTO, ONTARIO--(Marketwired - Oct. 27, 2016) - Golden Leaf Holdings Ltd. ("GLH" or the "Company") (CSE:GLH)(CSE:GLH.CN)(OTCQB:GLDFF), a leading cannabis oil solutions company built around recognized brands, is pleased to announce that Mr. Eugene Hill joined the Company as its new Chief Financial Officer (CFO), effective October 26, 2016.
Mr. Hill has an extensive background in corporate finance, financial planning and analysis, mergers and acquisitions, tax, strategic planning and international business. He has been involved in raising over $1 billion in equity and debt financing, and completed multiple deal and non-deal road shows with Wall Street analysts. Mr. Hill has worked as a contract CFO and Treasurer to help companies with their capital structures, budgets, accounting and other areas of finance. Such companies include Nutro Products (Bain Capital's Portfolio Company), EPICOR Software, JTS Hardware and Cricket Communications.
Don Robinson, Chief Executive Officer of Golden Leaf Holdings, commented, "I'm excited to welcome Eugene to the GLH family where I believe he will make an immediate impact further supporting the Company's position as a leader in the evolving and dynamic cannabis marketplace. We are confident that his leadership and experience with corporate finance, financial planning and analysis, tax and public companies will contribute greatly to the long-term success of the GLH business."
"I can't imagine a more exciting time to join Golden Leaf," Mr. Hill said. "I look forward to working with Don and the GLH leadership team to support the strategic business plan and the Company's long-term growth in the cannabis industry."
Mr. Hill played a large role in the early days of Cisco Systems as Assistant Treasurer, where he opened up international offices, obtained investment grade rating from Moody's and S&P, established a $2 billion commercial paper program and managed a $1 billion fixed income portfolio. From there he served as Assistant Treasurer at Tektronix, Inc. where he focused among other responsibilities, on managing SEC filings and Wall Street industry and analyst communications. He received his bachelors of science in finance from Brigham Young University and a master's degree in business from the University of San Francisco.
About Golden Leaf Holdings
Golden Leaf Holdings Ltd. is one of the largest cannabis oil and solution providers in North America. It's a leading cannabis products company in Oregon built around recognized brands. GLH leverages a strong management team with cannabis and food industry experience to complement its expertise in extracting, refining and selling cannabis oil.
Forward Looking Statement
Disclaimer: This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company's future business operation, expectations of gross sales, the opinions or beliefs of management, and future business goals. Generally, forward looking information 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 state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to general business, economic and competitive uncertainties, regulatory risks including risks related to the expected timing of the Company's participation in the Adult Use market, market risks, risks inherent in manufacturing operations and other risks of the cannabis industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause 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. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is provided herein for the purpose of presenting information about management's current expectations relating to the future and readers are cautioned that such information may not be appropriate for other purpose. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Canadian Investor Relations:
Golden Leaf Holdings Ltd.
Paul Searle
Investor Relations
778.240.7724
psearle@goldenleafholdings.com
U.S. Investor Relations:
Viridian Capital Advisors, LLC
Harrison Phillips
212-485-0284
hphillips@viridianca.com
We just hit the 1hr Ticker Buzz Cloud.
They just received OTCBB certification on 10/3/16. One hurdle at a time.
http://www.otcmarkets.com/stock/GLDFF/news/OTC-Markets-Group-Welcomes-Newly-Verified-OTCQB-Companies-%E2%80%93-October-5?id=141889&b=y
Perhaps we can finally bring this sad saga to an end.
Andy Richard Hartogh
President, Director, Chairman of Compensation Committee and Member of Nominating & Corporate Governance Committee, Golden Leaf Holdings Ltd.
Mr. Andy Richard Hartogh serves as President of Golden Leaf Holdings Ltd. Mr. Hartogh served as President of Greenpoint Oregon Inc. Mrf. Hartogh has been a Director at Golden Leaf Holdings Ltd since October 06, 2015. He has nine years of progressive experience in the Oregon market and is highly respected in the cannabis industry. Andy has developed proprietary growing techniques that set GLH apart in terms of quality and production. In November of 2013, Andy created a CO2 extraction company turning excess marijuana material into a usable, highly profitable product.
http://www.bloomberg.com/research/stocks/private/person.asp?personId=269866672&privcapId=269730462&previousCapId=269730462&previousTitle=Golden%20Leaf%20Holdings,%20Inc.
Donald M. Robinson
Chairman and Chief Executive Officer, Golden Leaf Holdings Ltd.
Mr. Donald M. Robinson, also known as Don, has been the Chairman of the
Board and Chief Executive Officer at Golden Leaf Holdings, Inc. (alternate name Golden Leaf Holdings Ltd.) since March 2016 and May 20, 2015 respectively. Mr. Robinson has over 30 years of management and leadership experience in the consumer packaged goods and hospitability industries. He served as President of Mars Canada Inc. He spent more than 20 years with Mars Incorporated as the Chief Executive Officer since 1990 in various global postings, before his role as President and Chief Executive Officer of Cara Operations, the leading food service and restaurant operator in Canada. He is a member of various academic councils, including Ted Rogers School of Management Advisory Council, University of Guelph School of Hospitability & Tourism Management Policy Advisory Board and the Queen’s University School of Business Advisory Board. He has been a Director of Golden Leaf Holdings Ltd. since October 06, 2015. He has been a Director of Canadian Restaurant and Foodservices Association since June 5, 2012. Mr. Robinson served as Director of Cara Operations Limited. He served as Chairman of the Board of the Confectionery Manufacturers Association of Canada and he served as an Executive Director of the Food and Consumer Products Manufacturers in Canada (FCPMC). Mr. Robinson served as Executive Director of The Food & Consumer Products of Canada, and the Chairman of the Board of the Confectionery Manufacturers Association of Canada.
http://www.bloomberg.com/research/stocks/private/person.asp?personId=6385186&privcapId=269730462
Electronic Control Security, Inc. Receives Subcontract to Protect the West County Correctional Facility, CA
Tue October 11, 2016 9:23 AM|PR Newswire | About: EKCS
CLIFTON, N.J., Oct. 11, 2016 /PRNewswire/ -- Electronic Control Security, Inc. (OTC Markets: EKCS) (ECSI), a global leader in state-of-the-art integrated entry control and perimeter security systems, today announced it had received an award from prime contractor Cornerstone Electronics for the Perimeter Intrusion Detection systems and support services for the West County Correctional Facility, CA. The company, a qualified Department of Defense small business subcontractor, is working with Cornerstone Electronics on this contract. ECSI's expected revenue is $500K over a five month period of performance.
ECSI's award is a direct result of its unique core competency in the manufacturing and technical support services of state-of-the-art multi-environment intrusion detection surveillance and entry control systems for the correctional, nuclear, DoD (DODSF) and DoE markets.
"ECSI's award under this program is another step forward for our company," stated Arthur Barchenko, President and CEO. "As a technology supplier, we look forward to working with Cornerstone Electronics to support the West County Correctional Facility site requirements on this important program."
About ECSI
ECSI is recognized as a global leader in perimeter security and an effective quality provider for both the Department of Defense and Homeland Security (HSCC) programs. The Company designs, manufactures and markets physical electronic security systems for high profile, high threat environments. The employment of risk assessment and analysis allows ECSI to determine and address the security needs of government and commercial-industrial installations. The Company has teaming agreements with major system integrators in both the United States and overseas to support the installation and aftermarket. ECSI is located at 790 Bloomfield Avenue, Bldg. C-1, Clifton, NJ 07012. Tel: 973-574-8555; Fax: 973-574-8562. For more information on ECSI and its customers, please visit www.ecsiinternational.com.
ECSI INTERNATIONAL, INC. SAFE HARBOR STATEMENT: This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections about our business and our industry and reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors discussed under the heading "RISK FACTORS" in Item 1A of our Annual Report for the fiscal year ended June 30, 2015 and in our other filings with the Securities and Exchange Commission. We undertake no obligation to revise or update any forward-looking statement for any reason.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/electronic-control-security-inc-receives-subcontract-to-protect-the-west-county-correctional-facility-ca-300342606.html
SOURCE Electronic Control Security Inc. (EKCS)
CALIFORNIA PROJECT STARTS SHIPPING OF FIRST CROP MAPLE LEAF GREEN WORLD INC.
Posted on: September 28th, 2016
MAPLE LEAF GREEN WORLD INC. (TSX-V: MGW)
For Immediate Release Sept. 28, 2016 –$0.31
CALGARY, ALBERTA – Maple Leaf Green World (MGW-V) (“Maple Leaf” or the “Company“) announces that the first shipment of product from its initial harvest has commenced. Product shipments will continue for the next few weeks and Maple Leaf expects the selling price will be at the high end of the price range previously announced (see news release dated August 29, 2016).
The Company’s second crop has been flowering for two weeks and the plants are now over six feet in height. It is expected that harvesting of the second crop will begin in mid-November, with product shipment taking place on or about mid-December. Once the harvesting and shipping of the first two crops has been completed, the Company will be in a better position to provide revenue projections for 2017 and beyond.
The seedlings for the Company’s third marijuana crop will be cultivated in November, with harvesting expected in March 2017. From 2017 onward, Maple Leaf is targeting six harvests per year.
“This is a landmark achievement for Maple Leaf and is proof that the Company’s growing methodology is successful. We are ready to expand our operations both in California and other American states. We believe we can capitalize on new opportunities available to us, pending the outcome of the upcoming referenda on the legalization of marijuana for recreational use in various jurisdictions in the United States.” said Raymond Lai, President & C.E.O. of Maple Leaf.
For further information regarding Maple Leaf Green World Inc., please visit the www.mlgreenworld.com. Photos of 1st and 2nd crops have been posted at our website.
About Maple Leaf Green World Inc.
Maple Leaf is a Canadian company that focuses in the agricultural/environmental industry with four main areas of activity:
Canadian MMPR – It pursues opportunities within the medical cannabis If and when a MMPR license is obtained and through an agreement to lease a greenhouse facility with Woodmere Nursery Ltd., it will become a Canadian producer. It is currently seeking Canadian MMPR licensed producer status to grow medical cannabis in Canada for domestic consumption and export to approved countries.
California Project – It pursues opportunities within the medical cannabis industry in various States that have legalized It is currently in a joint venture with a California non-profit collective.
Eco-Agriculture – it pursues several projects around the In China, it is focused on growing value-added tree seedlings and nursery products that assist with anti- desertification.
Neither the TSX Venture Exchange or its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements in this news release including (i) statements that may contain words such as “anticipate”, “could”, “expect”, “seek”, “may” “intend”, “will”, “believe”, “should”, “project”, “forecast”, “plan” and similar expressions, including the negatives thereof, (ii) statements that are based on current expectations and estimates about the markets in which Maple Leaf operates and (iii) statements of belief, intentions and expectations about developments, results and events that will or may occur in the future, constitute “forward-looking statements” and are based on certain assumptions and analysis made by Maple Leaf. There is no assurance that sufficient financing can be raised or that permits will be available to allow the Company to carry out its current projects on a timely basis.
Forward-looking statements in this news release include, but are not limited to, statements with respect to future capital expenditures, including the amount, nature and timing thereof; other development trends within the agricultural industry (and in particular, the medical marijuana business), and the status of, and ability to capitalize on, opportunities available to the Company as well as the business strategy; expansion and growth of Maple Leaf’s business and operations and other such matters. Such forward-looking statements are subject to important risks and uncertainties, which are difficult to predict and may affect Maple Leaf’s operations, including, but not limited to: the impact of general economic conditions; industry conditions; the availability of equity or debt financing; government and regulatory developments including availability of requisite licenses; product supply and demand; competition; and Maple Leaf’s ability to attract and retain qualified personnel. Maple Leaf’s actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will occur, or if any of them do occur, what benefits Maple Leaf will derive therefrom.
Contact:
Maple Leaf Green World Inc. Raymond Lai
Chairman, President & CEO
+1 (403) 452-4552
+1 (403) 452-6900
rlai@mlgreenworld.com www.mlgreenworld.com
OTC Markets Group Welcomes Newly Verified OTCQB Companies – October 5
Oct 05, 2016
OTC Disclosure & News Service
New York, NY -
OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced the following company is verified for trading on the OTCQB® Venture Market:
Golden Leaf Hldgs Ltd. (TSX-V: GLH; OTCQB: GLDFF) – Golden Leaf Holdings Ltd. is one of the largest cannabis oil and solution providers in North America. It's a leading cannabis products company in Oregon built around recognized brands. GLH leverages a strong management team with cannabis and food industry experience to complement its expertise in extracting, refining and selling cannabis oil.
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for this company on www.otcmarkets.com.
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 10,000 U.S. and global securities. Through OTC Link® ATS, 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.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
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OTC Markets GLDFF Profile Page
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Golden Leaf Holdings Common Shares Approved for Inclusion on the OTCQB Market
TORONTO, ONTARIO--(Marketwired – October 5, 2016) – Golden Leaf Holdings Ltd. ("GLH" or the "Company") (CSE:GLH), a leading cannabis oil solutions company built around recognized brands, is pleased to announce that the OTC Markets Group has approved the Company’s common shares for listing on its OTCQB Market beginning on Wednesday, October 5, 2016.
The Company does not expect meaningful trading via the OTC Markets Group’s OTC Link® ATS, a U.S. interdealer quotation and trade messaging system, until the Company obtains DTC eligibility of its common shares, for which an application is currently pending.
About Golden Leaf Holdings:
Golden Leaf Holdings Ltd. is one of the largest cannabis oil and solution providers in North America. It is a leading cannabis products company based in Oregon and built around recognized brands. GLH leverages a strong management team with cannabis and food industry experience to complement its expertise in extracting, refining, and selling cannabis oils.
For further information, please contact:
Canadian Investor Relations:
Paul Searle
778.240.7724
pauljsearle@shaw.ca