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August 2019
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Aurania Resources Ltd., 208,000 Hectares in Ecuador, CEO Clip Video

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Vancouver, British Columbia–(Newsfile Corp. – August 16, 2019) – Keith Barron, PhD, CEO & Chairman of Aurania Resources, speaks about the company’s massive land package in Southeastern Ecuador.

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Aurania Resources Ltd. is being featured on BNN Bloomberg on August 17 – August 18, 2019, throughout the day and evenings.

Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF)

About CEO Clips:

CEO Clips is the largest library of publicly traded company CEO videos in Canada and the US. These 90 second video profiles broadcast on national TV and online via 15 top financial sites including: Thomson Reuters, Bloomberg, Yahoo! Finance and

BTV – Business Television/CEO Clips Contact: Trina Schlingmann (604) 664-7401 x 5

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SBD Capital Corp. Announces Revocation of Cease Trade Order and Resumption of Trading

Toronto, Ontario–(Newsfile Corp. – August 16, 2019) – SBD Capital Corp. (CSE: SBD), (the “Company“) is pleased to announce that the failure-to-file cease trade order (the “CTO“) issued by the Ontario Securities Commission on August 2, 2019, has been revoked effective August 15, 2019. In addition, trading of the common shares of the Company (the “Common Shares“) on the Canadian Securities Exchange (the “CSE“) has been reinstated effective today at 11:00 a.m. (EST).

The Company was subject to the CTO as a result of the Company’s failure to file, on a timely basis, its annual audited financial statements, management discussion and analysis and related certifications for the year-ended March 31, 2019 (the “Annual Financial Materials“). Following the issuance of the CTO, the CSE issued a suspension of trading of the Common Shares effective August 6, 2019. The Annual Financial Materials were filed with the applicable securities commissions on the Company’s issuer profile on SEDAR at on August 14, 2019 and the Company is now up-to-date with all of its outstanding continuous disclosure documents.

About Secret Barrel Distillery

Secret Barrel Distillery is a craft distillery operation focusing on a sustainable, small batch approach delivering on evolving consumer preferences for pure, inspired and authentic alcoholic beverages. To learn more about Secret Barrel Distillery, visit or follow and

About SBD Capital Corp.

SBD Capital Corp. was established in 2017 to identify and invest in venture and early stage craft alcohol companies, focusing on innovative brands built around human capital. As a pioneer in craft alcohol investing, the Company remains committed to innovation, social partnerships, and sustainable growth.

On behalf of the Board,
SBD Capital Corp.
John Dyer, Interim CEO, CFO & Director
Telephone: 416 917-5248

This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

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Royalty North Announces Full Repayment of Loan from SunSystem Technology (“SST”)

Vancouver, British Columbia–(Newsfile Corp. – August 16, 2019) – Royalty North Partners Ltd. (TSXV: RNP) (“RNP” or the “Company“) announces that further to its press release dated January 22, 2019, it has received a full repayment of the loan to SST under the Second Modification Agreement (“the Loan”). The Loan had a principal of US$2,970,000 and a 10% interest rate and could be prepaid at any time at no penalty to SST. On August 15, 2019, RNP received a total of US$3,153,082, being the principal and all outstanding interest up to the date of repayment.

The Company now has two remaining royalty investments, Advanced Wire Products and Blue 360 Media. Both of these investments are paying RNP on a monthly basis in accordance with the royalty agreements between them and the Company.

As at the date of this news release, the Company has in issuance C$6,260,000 of convertible debentures (the “Debentures”) carrying an 8% interest rate which fall due on September 8, 2020. The Company will use all funds received from the repayment of the Loan to pay down the Debentures, leaving a remaining balance of approximately C$2,100,000. The Company shall continue to pay the outstanding Debentures with cash flows from operations from the two remaining cash-flowing royalties as it has the funds to do so. The Company does not expect to be able to pay all of the Debentures prior to the date which they fall due (September 8, 2020) and so will look to extend the date of the some of the Debentures to match the Company’s cash flows.

On behalf of the Company,

Justin Currie
Chief Executive Officer and Director

About Royalty North Partners Ltd.

Royalty North Partners (“RNP”) is a Vancouver, BC based, TSXV-listed company which has previously focused on creating a diversified portfolio of cash flowing royalties by providing financing to private businesses with gross revenues in excess of $10 million. RNP has typically invested in companies with stable cash flows in non-resource-based sectors looking for growth/acquisition capital, recapitalization or succession liquidity. In return for the investment, RNP typically received as consideration a percentage of the future gross sales.

For more information, please contact:

Victoria McMillan, Chief Financial Officer
Royalty North Partners Ltd.
Phone: (604) 628-1033

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.


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These are the Biggest Catalysts for Cannabis Over the Next Year

Houston, Texas–(Newsfile Corp. – August 16, 2019) – MarijuanaStox announces publication of an article that discusses The Yield Growth Corporation (CSE: BOSS) (OTCQB: BOSQF). The company has been aggressively addressing demand for health, wellness, and beauty products infused with premium-cannabis and hemp-based products on an international scale with subsidiary, Urban Juve.

Cannabis is Disrupting Multi-Billion-Dollar Industries

In 2018, the global cannabis industry’s revenue surged to $12.2 billion, according to BDS Analytics. This year, that number is expected to explode to $16.9 billion.

All thanks to key catalysts for substantial growth.

For one, ever since the 2018 Farm Bill was signed into law, cannabis has disrupted some of the biggest consumer products in the world, including foods and beverages, pharmaceuticals, cosmetics, and the $4.2 trillion health and wellness market.

For example, privately held Arizona Beverage just announced that it reached a licensing deal with Dixie Brands, which makes and sells drinks, chocolates, gummies and topical creams that are laced with cannabis. Through the partnership, Dixie, which operates in six U.S. states, will manufacture and distribute products branded with Arizona’s name.

Even former Kellogg North American President Paul Norman is betting big on growth.

“This market is going to grow four or fivefold to 20 plus billion dollars in consumer value over the next five years,” he says, as quoted by Yahoo Finance. “I believe, down the road, CBD will be widely available in all kinds of consumer products.”

Major retailers have jumped on board, too, including Neiman Marcus, Sephora, CVS, Vitamin Shoppe, Kroger, Barney’s, and DSW.

Two, politics is forcing cannabis into the spotlight.

The 2020 Race to the White House is Another Big Catalyst

President Donald Trump has already said he would support bipartisan efforts in Congress to ease the current federal ban.

Sen. Elizabeth Warren has co-sponsored a bill with Republican Sen. Cory Gardner to protect state legalization efforts and has said on the campaign trail that she favors legalization at the federal level.

Sen. Kamala Harris favors nationwide legalization as well. Sen. Kirsten Gellibrand unveiled her plan to legalize marijuana, which includes taxing legal cannabis and helping small businesses. Even Sen. Cory Booker introduced the Marijuana Justice Bill in the U.S. Senate, which would legalize marijuana, expunge criminal records of nonviolent marijuana convictions and creates a “community reinvestment fund.”

Better, over the last few days, a new bill to remove cannabis from the schedule of controlled substances was introduced in Congress. Known as the MORE Act, or the Marijuana Opportunity, Reinvestment and Expungement Act, it aims to decriminalize “cannabis, to provide for reinvestment in certain persons adversely impacted by the War on Drugs, to provide for expungement of certain cannabis offenses and for other purposes.”

Its goal is to also decriminalize it federally, and allow states to set their own policies.

Combined, all of these catalysts are creating an incredible amount of opportunity.

The Yield Growth Corporation will be a Major Beneficiary

As cannabis continues to disrupt big industry, The Yield Growth Corporation stands to benefit.

The company now has 130 retail locations throughout North America that carry Urban Juve products. The company signed an agreement with Melorganics, which will act as the exclusive retail distributor and non-exclusive e-commerce distributor for Urban Juve products in Greece and Cyprus. In addition, Yield Growth signed a consumer marketing and sales alliance with ipsy, one of the world’s largest beauty subscription communities. Urban Juve products will be found in the company’s Glam Bag and are already available online on ipsy Shopper.

Better, the company just announced it has entered into a distribution agreement with Antler Retail Inc. for worldwide distribution rights to the Antler Real Men hemp product line. Antler also closed its previously announced licensing agreement with Yield and completed payment of $800,000 to Yield Growth for a non-exclusive perpetual license for the worldwide rights to 8 hemp product topical formulas created by Yield Growth.

Antler is in development to launch a men’s line with these 8 licensed hemp formulas for hair pomade, beard oil, shaving cream, deodorant and 4 premium essential oil colognes based on the Indian Royal Attar tradition utilizing scents like amber and tobacco for their masculine aroma profile. The Yield formulas that have been licensed to Antler include blends of saffron, sandalwood, pink lotus, and frankincense combined with resins from west coast spruce, cedar, fir, cypress, and black spruce.

Inspired by the Ayurvedic tradition of sourcing ingredients locally these forest resin de-stressing scents induce a sense of familiarity and calming. Yield Growth will also act as the international distributor for these products.

Not only is the company quickly expanding its product line, it’s making major waves throughout North America and the global community.

For more information, visit the company’s website at

About MarijuanaStox is a leading web destination for all cannabis related companies. Investors can also find current marijuana-related quality financial, medical, legal and social news. is a media agency in North America dedicated to the cannabis industry, helping companies that operate in the space to attract quality investors, working capital and real publicity. Since 2005, U.S. and Canadian companies have relied on us to grow and succeed in the marketplace.

Legal Disclaimer

Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media which has a partnership with is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.

For making specific investment decisions, readers should seek their own advice. Winning Media, which has a partnership with, is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement between Winning Media (partners of and The Yield Growth Corp, Winning Media has been paid four thousand dollars for advertising and marketing services for The Yield Growth Corp. We own ZERO shares of The Yield Growth Corp. Please click here for full disclaimer.

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Upco International Inc. Has Appointed Mr. Ruy Ivaldi, CPA, as the Chief Financial Officer

Vancouver, British Columbia–(Newsfile Corp. – August 16, 2019) – Upco International Inc. (CSE: UPCO) (OTCQB: UCCPF) (FSE: U06) (“Upco”) is pleased to announce that it has appointed Mr. Ruy Ivaldi as the Chief Financial Officer.

Ruy Ivaldi has extensive experience in the media and telecommunication sectors, having worked for the Grupo Clarin S.A. in Argentina for 20 years, mostly in the corporate finance and the strategic planning sector. Grupo Clarín S.A. is the most prominent and diversified media group in Argentina and one of the most important in the Spanish-speaking world. The Company is organized and operates in Argentina. Grupo Clarín is present in the Argentine printed media, radio, broadcast and cable television, audiovisual production, the printing industry and Internet access. He was the CFO for the Latam branch of the group for the last 6 years. He was responsible for the Administrative and Finance areas, HHRR and part of the Operations and Legal issues.

Mr. Ivaldi also worked for over 8 years as an auditor in PriceWaterhouseCoopers (“PwC”), having dealt with mergers and acquisitions, due diligences, processes enhancement and others in various industries. Mr. Ivaldi holds a Business Administration Degree and an Accounting Degree from the Universidad de Buenos Aires, Argentina and is a CPA.

Mr. Andrea Pagani, CEO and President of Upco, commented, “we are pleased to have Mr. Ivaldi join our team. With Mr. Ivaldi’s extensive experience in financial planning and risk management together with his proven leadership skills, will serve us well as we continue to grow and enhance our Company.”

About Upco International Inc.

Upco International Inc. is a cloud-based mobile service company which provides high-quality voice termination to a market driven by the growing activity in online communications and commerce. Upco is a licensed Global Telecom Carrier within the international VoIP (voice over IP) wholesale business. Upco has designed a software application for Apple iOS and Android, similar to SKYPE and WhatsApp. With the forthcoming addition of the Upco e-Wallet using Blockchain Payment Services, users will be able to: send invoices, approve payments, transfer international funds, convert international currencies, and track transfers and payments. The application will also allow vendors to securely share account information with their clients.

Please visit or for further information.

Andrea Pagani, CEO and Director
212 461 3676

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Shoal Point Energy Ltd.: Seismic shoot starts at Mt. Evans

Vancouver, British Columbia–(Newsfile Corp. – August 16, 2019) – Mark Jarvis, CEO of Shoal Point Energy (CSE: SHP), announced today that seismic crews have commenced the acquisition of 3D seismic over the Mt. Evans project in Kansas. The seismic survey will cover approximately 10.5 sq. miles of prospective acreage and used to identify drillable features in the Pawnee Sandstone. Historical production from nine nearby wells has averaged more than 170,000 barrels per well from the Pawnee.

“This seismic shoot will take about two weeks to complete,” said Mr. Jarvis. “After processing and interpreting the data, we hope to be selecting drill sites by mid-October. We could be drilling our first well in this project as early as the end of October.”

The Mt. Evans Prospect is defined by existing well control, wells vintage early sixties. No modern seismic has been shot until now. Several undrilled prospective areas have been identified through surface and subsurface mapping. Each area could contain multiple structural features similar in size to the established production.

About Shoal Point Energy Ltd.

Shoal Point Energy Ltd. is a public company listed on the CSE exchange under the symbol “SHP”. The Company is focused on exploration and development of its oil and gas assets in Kansas.

For further information, please contact:
Mr. Mark Jarvis Chief Executive Officer 416-637-2181 extension 310

The Canadian Securities Exchange (CSE) has neither approved nor disapproved the contents of this news release.


Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in this news release include the Company’s plans to purchase and finance exploration and development of the Mount Evans Property, and that there may be a commercially viable oil deposit. It is important to note that the Company’s actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include that the property may prove to be unworthy of further expenditure; there may not be an economic oil resource, or any oil resource; economic, competitive, governmental, environmental and technological factors may affect the Company’s operations, markets, products and prices. We may not have access to or be able to develop any oil because of cost factors, type of terrain, or availability of equipment and technology. Except as required by law, we will not update these forward-looking statement risk factors.

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Roscan Expands Gold Zone at Mankouke and Releases New Drilling Results

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Halifax, Nova Scotia–(Newsfile Corp. – August 16, 2019) – Roscan Gold Corporation (TSXV: ROS) (“Roscan” or the “Company”) is pleased to announce further positive new assay results (shown as highlighted in yellow on Figure 2) from both its Diamond Core (DD) and Air Core (AC) Drilling programs at its Kandiole Project in Mali, West Africa. This drilling program was completed during April to July of 2019 and was designed to test both the north and south extensions of the Mankouke gold discovery zone and also test many other strong termite and soil gold anomalies that occur on the land package. The Mankouke gold discovery has been shown by detailed drilling to have a strike length to date of at least 600 metres.

In addition, the recent very impressive AC drilling assay results at the southern end of the Mankouke permit, as shown on both the plan in Figure 1 and on the section in Figure 3, indicates a 7-kilometer-long exploration corridor at Mankouke. This area will be a priority drilling target for the next exploration program.

A summary of significant new assay results is presented in Table 1.


  • 7.59 g/t gold over 8 metres (including 28.30 g/t over 2 metres) in ACMan-19-93
  • 3.66 g/t gold over 10 metres (including 7.87 g/t gold over 2 metres) in ACMan-19-96
  • 5.11 g/t gold over 6 metres (including 9.57 g/t gold over 2 metres) in ACMan-19-92
  • 5.97 g/t gold over 4 metres (including 11.00 g/t gold over 2 metres) in ACMan-19-98
  • 3.42 g/t gold over 6 metres (including 4.78 g/t gold over 4 metres) in ACMan-19-97
  • 1.18 g/t gold over 7.0 metres (including 3.88 g/t gold over 1.0 metre) in DDHMan-19-19
  • 1.02 g/t gold over 3 metres in DDHMan-19-16

Note: True widths cannot be determined with the information available


Greg Isenor, President and CEO of Roscan Gold stated “We are continuing to show that we have an excellent new gold discovery at Mankouke that appears to have both strike and depth continuity. Our land package has great potential and we are extremely encouraged by the hits we are seeing on the outside termite gold targets. There are many AC assays yet to be released and these will be available in the coming weeks. We are extremely pleased our approach to exploration in this area has been successful. It is “early days” and additional drilling is part of an obvious next step and extensive follow up drilling is required.

The drilling around the Mankouke discovery shows that a strong mineralizing system exists and is “alive”. This is not supergene mineralization. The drilling season is over for a few months; however, deep holes are planned when we return to drilling after the rain season. We have the funds to continue drilling after the seasonal rains. In addition, the excellent AC results, including 5.86 g/t gold over 26 metres and 3.74 g/t gold over 30 metres, we received in the south of the Mankouke permit (see fig 1 and fig 3) will be followed up as soon as possible.


The drilling was carried out during the period May to July of this year with two rigs, one Air Core drilling rig and one multi-purpose diamond drilling rig. The diamond drilling was completed in the Mankouke discovery zone area and designed to test for the north extension of the zone. The drilling program has been suspended until the end of the rainy season. A total of 19 diamond drill holes were completed comprising 2,017 meters (See Figure 2).

A total of 607 AC holes were drilled for a total meterage of 28,037. All results have been received and now being processed. The AC drilling, completed over the entire land package, tested the most important termite anomalies. Lines of AC holes were drilled across the target areas, generally in an east-west direction, at -50 degrees to the west and to a depth of 45 to 60 metres in a heel to toe fashion. AC drilling is used to sample unconsolidated ground and compressed air is used to remove the cuttings from the hole. During the Kandiole drilling program, 2-kilogram samples were collected, over 2 metre intervals and sent to the laboratory. A check sample of approximately 5 kilograms was collected for possible future tests.


The Mankouke Trend gold mineralization is hosted in breccia zones which are interbedded with saprolitic metasediments. Drilling to date has intersected gold mineralized breccia (8.63 g/t Au over 10 metres from 79.1 metres to 89.1 metres along the drill hole) at a vertical depth of approximately 60 metres. This drilling indicates that the gold discovery initially reported (News Release January 24, 2019) has “roots” and not supergene. This drilling information clearly shows the potential at depth in this area and identifies that this is a Birimian hydrothermal type gold mineralization.

The shallow detailed AC drilling at Mankouke continues to point out the northern extension of gold mineralization. Diamond drilling to date has also been shallow with the average depth of 110 metres. There has been gold host rock, breccia development identified in most of the diamond core holes drilled to date, so we are confident of the mineralizing system. At this point we interpret a north east plunge of the system and deep drilling is required. An airborne survey is planned to cover the area and will greatly assist in identifying structures for control in deeper drilling.


During the period of the rainy season from July to October, assay results will be evaluated. It is expected that drilling will resume during October and will primarily consist of diamond drilling to test for both the extensions of the Mankouke gold discovery, and to test the significant AC intersections identified in other areas of the property. AC drilling will also be continued to test the remaining termite and gold soil anomalies located on the land position and not previously tested.

In addition, an airborne survey is planned to cover the entire land package.


The technical content in this news release has been reviewed and approved by Gregory P. Isenor, P. Geo, a Qualified Person as defined by NI 43-101.

For quality control, duplicated samples were systematically collected in the field, and blank samples were inserted in the sample batches sent to the laboratory. Blank samples and duplicates were included in the sample batches sent to the lab. Before their transportation, the samples were stored in a Roscan secured location in the field. Batches of samples were transported by truck, driven by Roscan contractors, up to the sample preparation installations of Bureau Veritas laboratory at Bamako; prepared samples were then shipped by Bureau Veritas to their treatment installations at Abidjan, Ivory Coast. During the assay process, the laboratory applied its own quality controls with blanks, duplicates and standard samples. The assay method was atomic absorption (AA) with pre-concentration by fire assay (FA); the detection limit of the method is of 5 ppb.


Roscan Gold Corporation is a Canadian gold exploration company focused on the acquisition and exploration of gold properties in West Africa. The Company has assembled a significant land position of 100%-owned permits in an area of producing gold mines (including B2 Gold’s Fekola Mine which lies in a contiguous property to the west of Kandiole), and major gold deposits, located both north and south of its Kandiole Project in west Mali.

For further information, please contact:
Greg Isenor

President and Chief Executive Officer
Tel: (902) 832-5555

Figure 1

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Figure 2

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Figure 3

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InvestmentPitch Media Video Discusses Canntab’s Receipt of Initial Indication of Patentability for Immediate Release Cannabidiol Formulation – Video Available on

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Vancouver, British Columbia–(Newsfile Corp. – August 16, 2019) – Canntab Therapeutics (CSE: PILL) (OTCQX: CTABF) (FSE: TBF1), a leading innovator in cannabinoid and terpene blends in hard pill form for therapeutic application, has received an initial assessment from the Geneva-based International Preliminary Report on Patentability (“IPRP”) for its Immediate Release Cannabidiol Formulation. The IPRP has indicated a positive finding of patentability, meaning that, in their opinion, Canntab’s formulation is not only patentable but also novel, non-obvious and useful.

For more information, please view the InvestmentPitch Media “video” which provides additional information about this news and the company. If this link is not enabled, please visit and enter “Canntab” in the search box.

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National filings have already been completed in the United States and internationally, and the international application has now been completed in Canada and Australia. Although the opinions of the IPRP are not binding, many patent offices, including Canada’s, often defer to the IPRP. The Canadian office of the IPRP was also the international searching authority in this particular case, which bodes well for an eventual Canadian patent grant.

Jeff Renwick, co-founder and CEO, stated: “This is a first and an important indication that our Immediate Release Cannabidiol Formulation is unique and patentable. It is our intention to build on this success as we continue to seek additional patents in Canada, United States and internationally. Our extensive portfolio of proprietary hard tablets is our core value proposition and we believe that we are well positioned to be the dominant player in hard tablet cannabinoid formulations world-wide.”

The company’s proprietary technology and know-how, which enables it to convert THC and CBD oil into a nano-emulsified granulation, and ultimately into a hard pill format, has resulted in the successful creation of a line of patent-pending precision oral delivery hard tablets.

Canntab has filed 13 patents in Canada and United States that cover a range of processes and formulations it needs to create its precision oral delivery hard tablets. These patents include Canntab’s proprietary nano-emulsification technology, granulation process, methods of manufacturing, and covers its full line of precision oral delivery hard tablets including; Instant Release, Extended Release, Sustained Release Tablets, Bi-Layered or Modified Release Tablets and Flash Melt Formulations.

The company’s proprietary hard pill cannabinoid formulations will provide doctors, patients and the general consumer with a medical grade solution with all the features you would expect from any prescription or over the counter medication.

Due to its extensive inventory of machinery and equipment, Canntab can produce these unique products with relatively minimal capital expenditure requirements therefore positioning the company to maintain high gross profit margins.

As a late stage applicant to be a non-growing Licensed Producer and Processor, Canntab will be able to leverage its growing IP portfolio at its completed manufacturing facilities in both Markham and Cobourg.

Canntab, with headquarters and R & D located in Markham, currently operates out of Cobourg, Ontario where the company has co-location and profit sharing agreements with its strategic partner, FSD Pharma Inc. (CSE:HUGE), a holder of both cultivating and processing licenses.

For more information, please visit the company’s website at, contact Jeffrey Renwick, CEO at 289-301-3812 or email For Business Development contact Frank Candido at 514-969-5530 or email

Investor Relations is handled by Jean-Francois Meilleur at Paradox Public Relations, who can be reached at 866-460-0408 or by email at

About InvestmentPitch Media

Investmentpitch Media leverages the power of video, which together with its extensive distribution, positions a company’s story ahead of the 1,000’s of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

InvestmentPitch Media
Barry Morgan, CFO

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Ivanhoe Mines Completes Strategic Equity Investment of C$612 Million (US$459 million) from China-Based CITIC Metal

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Additional C$67 million (US$50 million) received from Zijin Mining through the exercise of its anti-dilution rights. Ivanhoe positioned to fully fund its share of capital costs to bring the Kakula Copper Mine to commercial production. CITIC Metal’s Vice President Manfu Ma joins Ivanhoe Board

Beijing, China–(Newsfile Corp. – August 16, 2019) – Robert Friedland and Yufeng “Miles” Sun, Co-Chairmen of Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF), today announced the completion of the second major strategic equity investment totalling C$612 million (approximately US$459 million) in Ivanhoe Mines by CITIC Metal Africa Investments Limited (CITIC Metal Africa), a direct subsidiary of CITIC Metal Co., Ltd. (CITIC Metal), one of China’s leading international resources companies.

The investment is an integral part of Ivanhoe and CITIC Metal’s long-term strategic cooperation and brings CITIC Metal’s investment in Ivanhoe Mines in less than one year to more than US$1.0 billion.

Ivanhoe Mines has issued 153,821,507 common shares to CITIC Metal Africa through a private placement at a price of C$3.98 per share. Zijin Mining has exercised its anti-dilution rights through a concurrent private placement at C$3.98 per share, which resulted in Ivanhoe Mines issuing 16,754,296 common shares to Zijin Mining and additional proceeds to Ivanhoe Mines of C$67 million (approximately US$50 million).

Upon completion of the financings, CITIC Metal now owns approximately 29.4% of Ivanhoe Mines’ issued and outstanding common shares and Zijin Mining owns approximately 9.8%.

CITIC Metal Africa and Zijin Mining each have signed standstill agreements with Ivanhoe Mines. The standstills are intended to provide sufficient time to bring the Kakula Mine to production, and to advance subsequent, planned expansions at Kamoa-Kakula, and production at the Kipushi and Platreef projects. Ivanhoe’s entire shareholder base will benefit from the economic growth and significant cash flows that result from the dawning of production at all three mines.

With today’s receipt of the combined proceeds of more than C$679 million (approximately US$509 million) from CITIC Metal Africa and Zijin, Ivanhoe now holds cash, cash equivalents and a loan receivable from High Power Exploration totalling approximately C$1.2 billion (US$902 million) – and the company has no significant debt. This strong financial position enables Ivanhoe to fully finance its share of the capital costs required to bring the Kakula Mine in the Democratic Republic of Congo (DRC) into commercial production, as well as advance the development of the Kipushi and Platreef mines, and Western Foreland exploration project.

Development of the underground six-million-tonne-per-annum (6 Mtpa) Kakula Mine, the first of multiple, planned mining areas at Kamoa-Kakula, is making steady progress in underground development and construction of the surface processing plant has commenced. Initial copper concentrate production from the Kakula Mine currently is scheduled for the third quarter of 2021.

“The investments completed today comfortably provide Ivanhoe with the equity cushion required to rapidly advance Kamoa-Kakula’s 6 Mtpa Phase 1 mine to production,” said Mr. Friedland. “CITIC and Zijin’s vote of confidence positions us to continue the rapid development of the Kipushi and Platreef projects. We also are aggressively exploring our 100%-owned Western Foreland licences, with the confidence that our talented and dedicated geological scientists will make additional tier-one copper discoveries on our tenements in the DRC.”

Ivanhoe’s Co-Chairman Mr. Sun said: “Since the initial investment in Ivanhoe Mines made by CITIC Metal last year, we have been delighted to witness the profound progress being made at Ivanhoe’s three world-class projects. All of us are excited by the rapid development at the Kamoa-Kakula copper mine as it moves toward its targeted commercial production date of 2021. The exploration breakthroughs such as the Kamoa North Bonanza Discovery and the Kamoa Far North Discovery are nothing short of spectacular. Today’s landmark and second strategic investment by CITIC Metal is not only an investment in Ivanhoe Mines and its people, but also an investment in the people of Democratic Republic of Congo and South Africa. We have been encouraged by the social and political stability that has followed the peaceful elections in the DRC late last year/early this year with the election of President Félix Tshisekedi. CITIC Metal and Ivanhoe Mines will support a prosperous investment environment with the full strength of our combined groups.”

Closing ceremony of CITIC Metal’s second major investment in Ivanhoe Mines.

From left to right: Manfu Ma, Vice President, CITIC Metal Group Limited; Yufeng “Miles” Sun, President,CITIC Metal Group Limited and Co-Chairman, Ivanhoe Mines; Xianwen Wu, Chairman, CITIC Metal Co., Ltd.; Robert Friedland, Executive Co-Chairman, Ivanhoe Mines; and Peter Zhou, Vice President, Chief Representative China, Ivanhoe Mines.

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CITIC Metal’s Vice President Manfu Ma joins Ivanhoe Board

Pursuant to the terms of the private-placement agreement with CITIC Metal Africa, Ivanhoe Mines has accepted CITIC Metal’s nomination of Manfu Ma, Vice President of CITIC Metal Group Limited, CITIC Metal’s parent company, to the Ivanhoe Mines Board of Directors. The new appointment expands the Board to 11 members.

Manfu Ma

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Mr. Ma played an important role in CITIC Metal’s two strategic investments in Ivanhoe Mines in 2018 and 2019. He has more than 30 years’ experience in the mining industry, specializing in geology and mine management.

Mr. Ma joined CITIC Metal in 2007 and has served in various positions, including Chief Geologist, Deputy General Manager of Investment Department, and Assistant General Manager. Prior to joining CITIC Metal, he held senior management positions with China Gold Group and the Gold Bureau of China’s Inner Mongolia province.

Mr. Ma holds a Master’s and Bachelor’s degree in Geology from Changchun Institute of Geology.


Ivanhoe Mines’ legal counsel is Stikeman Elliott LLP. CITIC Metal’s financial advisor is RBC Capital Markets, and legal counsel is Baker McKenzie. Legal counsel for Zijin is Fasken Martineau DuMoulin LLP.

About CITIC Metal and CITIC Limited

CITIC Metal Africa Investments and CITIC Metal are affiliates of CITIC Limited. As CITIC Limited’s arm in the business of resources and energy, CITIC Metal specializes in the importation and distribution of copper, zinc, platinum-group metals, niobium products, iron ore, coal and non-ferrous metals; trading of steel products; and investments in metals and mining projects. CITIC Metal’s major mining investments include a 15% ownership in the Las Bambas copper project in Peru and leading a Chinese consortium in acquiring a 15% ownership in the Brazil-based niobium producer CBMM. CITIC Metal Africa is an investment holding company incorporated in Hong Kong, with its 100% equity interests directly held by CITIC Metal.

CITIC Limited is China’s largest conglomerate, with total assets of more than US$900 billion. Among its diverse global businesses, CITIC Limited focuses primarily on financial services, resources and energy, manufacturing, engineering contracting and real estate.

CITIC Limited is listed on the Stock Exchange of Hong Kong, where it is a constituent of the Hang Seng Index. CITIC Group Corporation, a Chinese state-owned enterprise, owns 58% of CITIC Limited.

About Ivanhoe Mines

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal projects in Southern Africa: the development of new mines at the Kamoa-Kakula copper discovery in the Democratic Republic of Congo (DRC) and the Platreef palladium-platinum-nickel-copper-gold discovery in South Africa; and the extensive redevelopment and upgrading of the historic Kipushi zinc-copper-germanium-lead mine, also in the DRC. Ivanhoe also is exploring for new copper discoveries on its wholly-owned Western Foreland exploration licences in the DRC, near the Kamoa-Kakula Project.

Information contacts

Bill Trenaman +1.604.331.9834

North America: Kimberly Lim +1.778.996.8510

Cautionary statement on forward-looking information

Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

Such statements include without limitation: (i) statements regarding initial copper concentrate production from the Kakula Mine is scheduled for the third quarter of 2021; (ii) statements regarding Ivanhoe’s entire shareholder base will benefit from the economic growth and significant cash flows that result from the dawning of production at all three mines; and (iii) statements regarding Ivanhoe’s financial position enables the company to fully finance its share of the capital costs required to bring the Kakula Mine in the Democratic Republic of Congo into commercial production, as well as advance the development of the Kipushi and Platreef mines, and Western Foreland exploration project.

Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to, the factors discussed under “Risk Factors” and elsewhere in the company’s MD&A, as well as the inability to obtain regulatory approvals in a timely manner; the potential for unknown or unexpected events to cause contractual conditions to not be satisfied; unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations. Although the forward-looking statements contained in this news release are based upon what management of the company believes are reasonable assumptions, the company cannot assure investors that actual results will be consistent with these forward-looking statements.

These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release. The company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of the factors set forth in the “Risk Factors” section and elsewhere in the company’s MD&A for the year ended December 31, 2018 and its Annual Information Form.

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Supreme Cannabis Pulling Away From Peers, Guides Up to $180 Million in 2020 Revenue — CFN Media

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Seattle, Washington–(Newsfile Corp. – August 16, 2019) – CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry announces publication of an article discussing

The 7ACRES Team Hard at Work
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Companies with strong operations and core businesses are being positioned as dominant players with the fundamental numbers to prove it. For example, earlier this month, Aphria became the first major “pot stock” to record a quarterly profit.

The Supreme Cannabis Company (OTCQX: SPRWF) (TSX: FIRE) wrapped up its fiscal 2019 year on June 30, 2019 and recently disclosed expectations for record results from the 12 months through June while providing some impressive guidance for revenue during fiscal 2020.

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Fiscal 2019 Highlights

Supreme Cannabis has five brands and subsidiaries in its portfolio and partnerships that have led Supreme to become one of the fastest growing, premium cannabis lifestyle companies in the world. The model is diverse and global, including the high-end, award-winning 7ACRES brand, Canadian Licensed Producer Blissco Cannabis Corp., plant genetics and cultivation IP company Cambium Plant Sciences, South African cannabis oil producer Medigrow Lesotho, and European CBD-focused investment platform Supreme Heights.

In July, Supreme said it was acquiring privately-held Truverra Inc. in an all-stock deal. The transaction was closed on Monday, bringing the international evidence based medical brand with Health Canada-licensed facility for research and development under Supreme’s umbrella with the other five entities.

Also on Monday, Supreme released limited preliminary estimated financial results for the fourth quarter of fiscal 2019 (ended June 30, 2019), saying complete audited results are expected to be made public on September 17, 2019.

For the quarter, management estimated net revenue of about $19 million net of excise tax. $19 million represents an improvement of approximately 449% over $3.55 million in the year prior quarter. Further, it is a jump of roughly 97% from $9.9 million in the third quarter of fiscal 2019.

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It will be Supreme’s eighth straight quarter of sequential revenue growth. $19 million in sales during their latest quarter is indicative of the company scaling rapidly, considering revenue from the first three quarters of fiscal 2019 totaled about $21.3 million.

Estimates weren’t provided on profits, but management did convey that it expects positive adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for Q4 fiscal 2019.

“In a sector dominated by headlines, our measured approach to capital deployment and brand-building sets us apart. We believe our preliminary results demonstrate the strength of our business during an inflection point within the industry, path towards profitability and continued disciplined growth,” said Navdeep Dhaliwal, CEO of Supreme Cannabis, in Monday’s news release.

Looking for a Big 2020

Based upon prior quarterly reports and the preliminary estimate for Q4, Supreme should post sales of approximately $40 million for fiscal 2019. Owing largely to ongoing scaling of 7ACRES production and introducing new, higher-margin products entering the market, Supreme is forecasting net revenue for fiscal 2020 in the range of $150 million to $180 million. Management also expects positive adjusted EBITDA for fiscal 2020.

The 7ACRES indoor hybrid facility in Kincardine, Ontario was operating at approximately 180,000 square feet of flowering room capacity until May, when Health Canada approved the addition of another 50,000 square feet. At 230,00 square feet, the company can now generate about 33,580 kilograms of dried cannabis annually.

Per the plan, the facility (including offices, grow space, etc.) will span over 440,000 square feet when expansion is complete, with expected production of 50,000 kilograms of premium dried cannabis each year.

It is also expected that 7ACRES will complete its transition from a wholesale business to premium consumer brand by Q3 fiscal 2020, with complete in-house packaging capabilities for all flower products under the 7ACRES’ brand.

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Supreme is seeing growth coming from multiple sources in its portfolio, as many of its business developments are relatively recent. As mentioned, Truverra was acquired this week. The acquisition of Blissco was completed only a month ago. Blissco is expected to produce more than 7 million tincture bottles per annum by this December with a focus on sales throughout the global cannabidiol (CBD) markets.

The partnership with hip-hop superstar Wiz Khalifa and his Khalifa Kush Enterprises (KKE) Canada was forged earlier this year with the purpose of launching a new ultra-premium lineup of cannabis products under the KKE brand line. The first product, KKE Oil, was introduced in June.

A new partnership with PAX Labs was also penned in June. Through this collaboration, 7ACRES became one of only four licensed producers selected as a partner to create cannabis oil pods for PAX’s Era, a market-leading vaporizer and best-selling pen-and-pod system in the United States.

Elsewhere, the launches of Cambium Plant Sciences and Supreme Heights were only announced in April and June, respectively.

In South Africa, CBD was officially removed from the country’s Schedule 7 list of highly controlled drugs in May, opening a substantial market opportunity for Supreme’s Medigrow subsidiary, a licensed producer headquartered in Lesotho.

No Need for Share Consolidation

With all these wheels in motion, management has decided that it will not pursue a reverse stock split that was approved at the company’s 2018 annual general meeting. At the end of March, FIRE had about 277 million shares outstanding and $75.02 million in cash on hand, enough to fund all its planned initiatives.

Leveraging its fundamental strengths and litany of upcoming revenue drivers, management believes it can secure non-dilutive financing with tier-one banks and other lenders on favorable terms for any future growth initiatives.

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Frank Lane


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