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PrairieSky Royalty Declares November Dividend

Oil - 12 November 2018 - 4:01pm

CALGARY, Alberta, Nov. 12, 2018 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. (“PrairieSky”) (TSX:PSK) announced today that its Board of Directors has declared a dividend of CDN $0.065 per common share, payable in cash on December 17, 2018 to shareholders of record on November 30, 2018.  This dividend is designated as an “eligible dividend” for Canadian income tax purposes.

About PrairieSky Royalty Ltd.

PrairieSky is a royalty-focused company, generating royalty revenues as petroleum and natural gas are produced from its properties. PrairieSky has a diverse portfolio of properties that have a long history of generating free cash flow and that represent the largest and most concentrated independently-owned fee simple mineral title position in Canada. PrairieSky common shares trade on the Toronto Stock Exchange under the symbol PSK.


PrairieSky Royalty Ltd.

Investor Relations
(587) 293-4000


Categories: State

Mineo's Pizza House hosting a fundraiser in wake of Tree of Life tragedy

Pittsburgh Tribune-Review - 12 November 2018 - 3:09pm
Brothers and co-owners of Mineo’s Pizza, Giovanni Mineo Jr. (left) and Dominic Mineo pose with a photo of their father Giovanni Mineo at the bar at Mineo’s in Squirrel Hill, Tuesday, Sept. 25, 2018." src = "https://triblive.com/rss/photos/?STREAMOID=cyurMs7TqZEVwM3iaS0GZs$daE2N3K4ZzOUsqbU5sYtORz9ojg4Mv4NSJbhhHb_CWCsjLu883Ygn4B49Lvm9bPe2QeMKQdVeZmXF$9l$4uCZ8QDXhaHEp3rvzXRJFdy0KqPHLoMevcTLo3h8xh70Y6N_U_CryOsw6FTOdKL_jpQ-&CONTENTTYPE=image/jpeg">
The Tree of Life tragedy affected the entire Squirrel Hill community and the Mineo family, owners of Mineo's Pizza House in Squirrel Hill, wants to ...
Categories: State

National Fuel Gas Company Accepts U.S. Environmental Protection Agency’s Methane Challenge

Oil - 12 November 2018 - 3:00pm

Participation continues emphasis on safe and responsible operations

WILLIAMSVILLE, N.Y., Nov. 12, 2018 (GLOBE NEWSWIRE) -- National Fuel Gas Company and five of its subsidiaries, spanning all key sectors of the natural gas value chain, announced their recent acceptance into the U.S. Environmental Protection Agency’s (EPA) Natural Gas STAR Methane Challenge Program. This voluntary program within the energy industry is designed to provide a transparent platform for utilities, pipeline and storage companies, and energy producers to make, track, and communicate commitments to reduce methane emissions.

“For more than 116 years, National Fuel, its affiliates, and employees have been committed to operating safely and responsibly as important members of our local, national, and world communities,” said Ronald J. Tanski, President and Chief Executive Officer at National Fuel Gas Company. “As one of our Company’s guiding principles, environmental stewardship reflects our understanding and deep appreciation for the vital role we play in upholding standards of environmental protection. Our participation in the Methane Challenge is further evidence of our commitment to protecting the environment and natural resources.”

Each participating subsidiary of National Fuel is making independent commitments under the Methane Challenge Best Management Practices that are appropriate to its business with the expectation to further reduce methane emissions. National Fuel’s companies have committed to analyze new and innovative approaches for further emission reduction and to explore the applicability of future best management practices or expansions of current best practices.

Seneca Resources Company, LLC, the Company’s exploration and production subsidiary, is committed to continuous improvement efforts to reduce greenhouse gas emissions and limit its potential environmental footprint. Since 2015, Seneca has partnered with the EPA to voluntarily reduce methane emissions through its participation in the Natural Gas STAR Program and committed to implementing a number of best management practices for reducing methane emissions where feasible, often beyond regulatory requirements, and has reported methane reduction actions annually to the EPA.

National Fuel’s midstream operations, comprised of National Fuel Gas Supply Corporation, Empire Pipeline, Inc., National Fuel Gas Midstream Company, LLC, work to expand the pipeline network to satisfy the growing demand for natural gas supplies. Across these businesses, engineers have been focused on developing best management practices and utilizing the best available technologies and materials that mitigate and reduce emissions from our new facilities. A particular emphasis has been on the design, construction, and operation of compressor station facilities with investment in technologies that meet and often go beyond what is required by stringent federal and state regulations.

National Fuel’s utility subsidiary National Fuel Gas Distribution Corporation has been focused on improving safety while reducing methane emissions from utility mains and service lines through system modernization, as well as initiatives to lower our customers’ carbon footprint through energy efficiency and conservation. The Company’s replacement of older natural gas infrastructure with more modern materials and technologies has resulted in fewer leaks across the system and should continue to lower methane emissions. From 2012 through 2017, the utility has seen a 17.4 percent reduction in greenhouse gas emissions, primarily methane, as reported to the U.S. EPA under subpart W of 40 CFR Part 98.

“With each well we drill, every pipeline we build, and as we continually replace older utility infrastructure, National Fuel’s employees are dedicated to protecting the environment and the health and safety of the members of our communities,” Tanski said.

National Fuel is a diversified energy company headquartered in Western New York that operates an integrated collection of natural gas and oil assets across multiple business segments, including Exploration & Production, Pipeline & Storage, Gathering, Utility, and Energy Marketing.  Additional information about National Fuel is available at www.nationalfuel.com. National Fuel’s guiding principles and environmental commitments are available on its Corporate Responsibility site at http://responsibility.natfuel.com.

Analyst Contact:       Kenneth E. Webster             716-857-7067
Media Contact:          Karen L. Merkel                    716-857-7654

Categories: State

Comic book legend Stan Lee dead at 95

Pittsburgh Tribune-Review - 12 November 2018 - 1:57pm
FILE - In this June 28, 2017 file photo, Stan Lee arrives at the Los Angeles premiere of "Spider-Man: Homecoming" at the TCL Chinese Theatre. TMZ.com reports Lee died Nov. 12, 2018." src = "https://triblive.com/rss/photos/?STREAMOID=53V9XYXcwiEztdb_HBxWl8$daE2N3K4ZzOUsqbU5sYvHoBg6J5r3YUH5unmxskN4WCsjLu883Ygn4B49Lvm9bPe2QeMKQdVeZmXF$9l$4uCZ8QDXhaHEp3rvzXRJFdy0KqPHLoMevcTLo3h8xh70Y6N_U_CryOsw6FTOdKL_jpQ-&CONTENTTYPE=image/jpeg">
Comic book genius Stan Lee, the architect of the contemporary comic book, has died. He was 95. The creative dynamo who revolutionized the comics by ...
Categories: State

Cannabis consulting pioneer exhibits at MJBizCon

Recreation - 12 November 2018 - 1:01pm

Strainwise brings its industry groundbreaking crew to Las Vegas

LAKEWOOD, Colo., Nov. 12, 2018 (GLOBE NEWSWIRE) --  Strainwise, the pioneering one-stop-shop that offers a complete suite of cannabis services, has arrived on the scene of the year’s biggest cannabis conference, ready to share its A-through-Z story of industry growth. The Strainwise experts will be on hand to offer industry guidance to conference delegates.

Strainwise, the national cannabis brand operating under the umbrella of STWC Holdings Inc. (OTC: STWC), has parlayed its origins among the first legal marijuana entrepreneurs in the country to become a nationally recognized firm. Dispensaries, growers and other cannabis-related firms have come to depend upon Strainwise for its expert advice, strategic thinking, branding and marketing guidance and industry connections.

Erin Phillips, president and CEO of STWC Holdings, will be in attendance at the conference along with her husband Shawn, who recently joined the company as its Senior Business Development Strategist. They will be on hand at Booth 1740 to talk to attendees about what it was like to acquire the world’s first recreational cannabis dispensary license, and how the company has grown to offer perhaps the most complete suite of cannabis-centric services in the industry.

“We’ve been looking forward to this show for months, knowing that we are in such a strong position to share our story and help other cannabis companies – in any stage of their development – to thrive and expand,” said Erin Phillips.

Shawn Phillips noted the company prides itself in its flexibility and willingness to work with any legal cannabis business to help that client attain its vision. Strainwise can steer companies toward a licensing model or help them develop their own brand, with all aspects of business such as operations, staffing, applications and marketing – or just those portions that the client needs. Strainwise helps with merger-and-acquisition activities, and Strainwise provides a cannabis education component in the form of customized seminars and online classes.

Erin and Shawn Phillips will be available for impromptu meetings at MJBizCon. They also encourage reporters at the show to prearrange interviews. Call 303-410-4971.

About STWC Holdings, Inc.

Headquartered in Lakewood, Colo., STWC Holdings, Inc. (STWC) is a complete ecosystem of entities and services that support the burgeoning cannabis industry. From capital, strategic partnership, and seed-to-sale consulting to design, marketing and advertising services, we are highly diversified within the industry. We are a team of highly capable industry veterans that creates value for our partners by providing access to our comprehensive suite of assets. We develop made-to-order solutions to address the range of challenges that cannabis entrepreneurs and businesses face. We believe in the value of cannabis, and we’re laying the foundation for its future.

Forward-Looking Statements

The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements related to the future financial performance of the Company. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful execution of growth strategies, product development and acceptance, the impact of competitive services and pricing, general economic conditions, and other risks and uncertainties described in the Company's periodic filings with the Securities and Exchange Commission.

For more information about STWC Holdings, please visit: http://www.strainwise.com/

Media contact:

Steve Caulk, 303-410-4971, srcaulk@proconnectpr.com

Categories: State

CGG : Monthly information relating to the number of voting rights and shares

Oil - 12 November 2018 - 12:34pm


A French société anonyme
with a share capital of € 7,099,438
Registered office : Tour Maine Montparnasse
33 avenue du Maine 75015 Paris
Paris Trade and Companies Register 969 202 241

Monthly information relating to the number of voting rights and shares issued

Article 223-16 of the General Regulation of the French market authority


Date of the information


Number of shares issued  

Number of theoretical voting rights  

November 8, 2018





Categories: State

'Tango Tuesday' at Katz Plaza focuses on smoking cessation

Pittsburgh Tribune-Review - 12 November 2018 - 12:33pm
Dancing Classrooms Pittsburgh will teach the tango during an Allegheny Quits for Life Event on Nov. 13." src = "https://triblive.com/rss/photos/?STREAMOID=G45qCVwWfVmWJAVQegTpec$daE2N3K4ZzOUsqbU5sYv1L1EZ_9DqTR2xcPnODFLkWCsjLu883Ygn4B49Lvm9bPe2QeMKQdVeZmXF$9l$4uCZ8QDXhaHEp3rvzXRJFdy0KqPHLoMevcTLo3h8xh70Y6N_U_CryOsw6FTOdKL_jpQ-&CONTENTTYPE=image/jpeg">
Area residents are invited to drop their butts and kick up their heels at noon Nov. 13, as Allegheny Quits for Life kicks off Cessation ...
Categories: State

Penn Middle students will stage 'A Charlie Brown Christmas' this weekend

Pittsburgh Tribune-Review - 12 November 2018 - 12:33pm
In the front row, Mia Confer and Zack Grabowski; kneeling, Emma Edwards and Amelia Baker; standing, Ralph Halabi, Paul Mills, Antolena Damico and Bailey Emricko. At the top, Lily Willis." src = "https://triblive.com/rss/photos/?STREAMOID=qJsP7Om9JPXPeKnBhMvfkM$daE2N3K4ZzOUsqbU5sYu$TwIXfd3cMcrcoPqEqExZWCsjLu883Ygn4B49Lvm9bPe2QeMKQdVeZmXF$9l$4uCZ8QDXhaHEp3rvzXRJFdy0KqPHLoMevcTLo3h8xh70Y6N_U_CryOsw6FTOdKL_jpQ-&CONTENTTYPE=image/jpeg">
Charlie Brown just can't seem to get it together during the holidays. To be sure, his life is mostly in shambles even if we're just ...
Categories: State

Mercury Marine releases 2018 Sustainability Report and video highlighting its commitment to environmental stewardship

Recreation - 12 November 2018 - 12:23pm

Report focuses on environment, energy, product and people

Fond Du Lac, WI, Nov. 12, 2018 (GLOBE NEWSWIRE) -- Mercury Marine, the world leader in marine propulsion and technology has released its 2018 Sustainability Report and supporting  video highlighting the company’s investment in protecting the environment, preserving energy, manufacturing world-class products, supporting our people and communities and creating a sustainable climate for everyone.  The annual report shows that, in each of the major categories of its sustainability initiative, Mercury continues to meet and exceed its aggressive improvement goals.

“We know the marine industry, with its dependency on clean air and water, is a natural priority for sustainability and we want everyone around the marine industry to know it’s a better place because we are here,” said John Pfeifer, Mercury Marine president. “We don’t just want to be a marine propulsion business, we are a socially responsible business that makes communities here, in China, Europe, South America and around the world better; we think that’s important.”

Mercury’s new V-6 and V-8 four-stroke outboard engines are highlighted for having raised the bar in the marine industry relative to sustainability, innovative technology and environmental stewardship. In addition, Mercury employees continue to set new benchmarks for community support around the world in communities in which they live and work and where our products are used.  Since its first sustainability report to the community in 2011, Mercury’s sustainability efforts have progressively evolved to the point where the company is pursuing ever more aggressive goals and objectives.

“Sustainability is important as we set out to pursue our goals and be a marine leader,” said John Buelow, Mercury Marine vice president of global operations. “That means doing everything from having a positive impact on the environment, the products we develop and take to market are as clean as they can possibly be, how we operate our operations, and protecting the planet and having a positive impact on everyone we touch.”

“If you go to any of our operations, there’s a lot of energy around what can we do from a sustainability perspective,” said Pfeifer. “From a sustainability standpoint, we have grown and the reason I believe we have grown is because everyone that works here cares about it.  It’s important to people.”

The four pillars of Mercury Marine's sustainability initiative are:


Energy: Achieving greater energy efficiency by implementing energy-reducing projects, promoting best practices in energy management and employing new energy technologies.

Environment: Preserving the natural places where customers use Mercury products for work and play; decreasing the use of natural resources through conservation, redeployment and recycling; and returning purified resources to the planet whenever possible.

Product: Minimizing engines' impact on water, land and air — recognizing the need for an unspoiled environment in which to live and enjoy Mercury Marine products.

People: Helping people who relate with Mercury Marine — employees, partners, customers and the communities where Mercury operates — to enjoy happier, healthier, and more fulfilling lives.

The 2018 Sustainability Report is available for download: https://www.mercurymarine.com/en/us/about/sustainability

The new Sustainability Video from Mercury Marine can be viewed at: https://youtu.be/Pp0VR3Kg4fs


About Mercury Marine

Headquartered in Fond du Lac, Wis., Mercury Marine is a world leading manufacturer of marine propulsion systems.  A $2.6 billion division of Brunswick Corporation (NYSE: BC), Mercury designs, manufactures and distributes engines, services and parts for recreational, commercial and government marine applications, empowering boaters with products that are easy to use, extremely reliable and backed by the most dedicated customer support in the world with 10,000 service points globally.  Mercury’s industry-leading brand portfolio includes Mercury outboard engines; Mercury MerCruiser sterndrive and inboard packages; Mercury global parts and accessories including propellers, and SmartCraft electronics; Power Products Integrated Solutions; MotorGuide trolling motors; Attwood, Garelick and Whale marine parts; Land ’N’ Sea, BLA, Payne’s Marine, Kellogg Marine  & Lankhorst Taselaar marine parts distribution; and Mercury and Quicksilver parts and oils. More information is available at mercurymarine.com


CONTACT: Lee Gordon Mercury Marine 920-924-1808 lee.gordon@mercmarine.com
Categories: State

Comedian Tape Face to perform at Carnegie of Homestead Music Hall

Pittsburgh Tribune-Review - 12 November 2018 - 12:18pm
Tape Face will perform on March 26 at Carnegie of Homestead Music Hall in Munhall." src = "https://triblive.com/rss/photos/?STREAMOID=9MV1BiOl0Z_ywyUiFkimd8$daE2N3K4ZzOUsqbU5sYucBzS3zfDvRBTJXZs2H1j9WCsjLu883Ygn4B49Lvm9bPe2QeMKQdVeZmXF$9l$4uCZ8QDXhaHEp3rvzXRJFdy0KqPHLoMevcTLo3h8xh70Y6N_U_CryOsw6FTOdKL_jpQ-&CONTENTTYPE=image/jpeg">
Comedian Tape Face will be at the Carnegie of Homestead Music Hall in Munhall at 7:30 p.m. March 26. Through simple, clever and charming humor ...
Categories: State

ESAL photographer's work explores regional architecture

Pittsburgh Tribune-Review - 12 November 2018 - 12:03pm
Above, one Latella’s photographs from the “Only Yesterday When Steel was King” series." src = "https://triblive.com/rss/photos/?STREAMOID=5iG17iSUwkbJsl7aXC2T9s$daE2N3K4ZzOUsqbU5sYva55SiZ36jyPTlLcHTl_p8WCsjLu883Ygn4B49Lvm9bPe2QeMKQdVeZmXF$9l$4uCZ8QDXhaHEp3rvzXRJFdy0KqPHLoMevcTLo3h8xh70Y6N_U_CryOsw6FTOdKL_jpQ-&CONTENTTYPE=image/jpeg">
For aspiring photographers, Anthony Latella of New Kensington had simple advice. "Learn how to operate the camera, find a mentor, take lots of pictures and ...
Categories: State

McPhy Energy : McPhy to install its 15th hydrogen station for the Communauté de Communes Touraine Vallée de l'Indre

Oil - 12 November 2018 - 11:46am

 Press release

McPhy to install its 15th hydrogen station for the Communauté de Communes Touraine Vallée de l'Indre

  • 15th hydrogen station, bringing McPhy's stations' daily potential to 52,500km of zero-emission mobility
  • Touraine Vallée de l'Indre is launching a pioneering project driving zero-emission mobility: HYSOPARC

La Motte-Fanjas, November 12, 2018 - 05:45pm CET - McPhy (Euronext Paris Compartment C: MCPHY, FR0011742329), a specialist in hydrogen production, storage and distribution equipment, today announces that it is to install its 15th hydrogen station for the Communauté de Communes Touraine Vallée de l'Indre in Sorigny. The station has the capacity to deliver 20kg of hydrogen per day, able to charge more than a dozen utility vehicles.

Pascal Mauberger, Chairman and Chief Executive Officer of McPhy, comments: "The government set new momentum for the French hydrogen industry with the launch of a rollout plan in June. Projects driving zero-emission mobility can now be initiated on a regional basis. Formed from the merging of two intercommunal bodies, the Communauté de Communes Touraine Vallée de l'Indre has a particularly interesting approach. The grouping together of intercommunal bodies is a guarantee of success, particularly in rural areas, as it facilitates the implementation of local hydrogen ecosystems that can be replicated in the heart of all regions. We are delighted to be installing our 15th McFilling station in Sorigny and would like to thank the Communauté de Communes Touraine Vallée de l'Indre for placing its trust in us."

Alain Esnault, President of the Communauté de Communes Touraine Vallée de l'Indre, states: "We welcome the implementation of the HYSOPARC project, which reflects Touraine Vallée de l'Indre's desire to play an active role in the hydrogen industry. Our project supports regional innovation and clean mobility, in connection with the French policy supporting regional initiatives.
The involvement of the Communauté de Communes and its municipal authorities coupled with McPhy's recognised expertise represents a key factor for success for the rollout of zero-emission mobility in urban fringes." 

The opening of the station constitutes a first step for the Communauté des Communes, which has demonstrated its desire to develop a hydrogen production platform. To be developed in the near future using electricity coming from renewable sources, the platform will be attached to a multiservice transport centre. Coupled with the hydrogen station, this electrolyzer will be able to produce, on-site and on-demand, clean hydrogen for charging vehicles, and achieving a truly zero-emission mobility chain.

McFilling 20-350 technology selected for the innovative HYSOPARC project

Transportation infrastructures are at the heart of the development and economic and social attractiveness of regional areas: movement of people or goods, private, business or local authority use, by road, rail or air etc. The rollout of hydrogen as a clean alternative fuel allows for a long-term vision of regional development. Zero emission mobility helps to make regions more attractive by reconciling ease of use, improved air quality and public health, and encouraging the large-scale rollout of clean energy in the energy mix and creating decentralised value.

McFilling 20-350 technology has been selected by the Communauté de Communes Touraine Vallée de l'Indre for its innovative HYSOPARC project. Intended to fuel the equivalent of a dozen utility vehicles per day, the hydrogen station will be opened in the first quarter of 2019. With capacity of 20kg of hydrogen per day - equivalent to 12 utility vehicles - the McFilling station, the 15th for McPhy, fits in with the first steps of France's strategy of priming the market by simultaneously rolling out captive fleets and stations to fuel them.

However, it should be noted that beyond this inception phase, the market is already set for a change of scale. For example, McPhy is present in the very high capacity (several hundred kilos of hydrogen per day) stations market for fueling large fleets of vehicles, buses and even hydrogen-propelled trains, with the first contract for a hydrogen bus station signed in May in the Hauts de France region.

McFilling 20-350 hydrogen station key figures

  • 20kg per day at 350 bar, equivalent to 12 utility vehicles
  • System for interoperability with "EAS-HyMob" hydrogen stations[1].
  • Zero-emission mobility; no particles, no CO2, no noise

NB: Go further: Are you a local authority and want to roll out hydrogen mobility in your area? Find out more using the practical guide published by FNCCR, AFHYPAC and Mobilité Hydrogène France: "Roll out hydrogen stations in your area". [FR]  http://www.fnccr.asso.fr/article/stations-de-recharge-a-hydrogene/

Next communication

2018 revenue - Tuesday 22 January 2019 after market close.



In the framework of the energy transition, and as a leading supplier of hydrogen production, storage and distribution equipment, McPhy contributes to the deployment of clean hydrogen throughout the world.

Thanks to its wide range of products and services dedicated to the hydrogen energy, zero emission mobility and industrial hydrogen markets, McPhy provides turnkey solutions to its clients. These solutions are tailored to our client applications: renewable energy surplus storage and valorization, fuel cell car refueling, raw material for industrial sites.

As a designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy has three development, engineering and production units based in Europe (France, Italy, Germany).

The company's international subsidiaries ensure a global sales coverage of McPhy's innovative hydrogen solutions.

McPhy is listed on Euronext Paris (Segment C, ISIN code: FR0011742329; ticker: MCPHY).

CONTACTS   Media relations

Nicolas Merigeau
T. +33 (0)1 44 71 94 98


Investors Relations

Julie Coulot | Emmanuel Huynh
T. +33 (0)1 44 71 20 40


  Follow us at


@McPhyEnergy    CONTACTS TOURAINE VALLEE DE L'INDRE   Media relations

Valérie Delaunay - Communications Director
T. +33 (0)2 47 34 29 00


Aurélie Michel - Project Manager
T. 33 (0)2 47 34 29 00

  Follow us at







[1] EAS-HyMob is a 15-station project in Normandy.  These interconnected stations all work using a 100% digital and computerised payment solution (smartphone). In order to facilitate the user experience/make life easier for users, the Sorigny station is interoperable with the EAS-MyHob network


Categories: State

Vestas - Transactions in connection with share buy-back programme, week 45 2018

Oil - 12 November 2018 - 9:02am

Vestas Wind Systems A/S, Aarhus, 12 November 2018
Company announcement No. 44/2018 

On 15 August 2018, Vestas initiated a share buy-back programme, ref. Company announcement No. 28/2018. The programme is implemented in accordance with Regulation No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR) and the Commission’s delegated regulation (EU) 2016/1052 of 8 March 2016 (the "Safe Harbour” rules).

Under the programme, Vestas will buy back shares for an amount up to DKK 1,500m (approx. EUR 200m) in the period from 15 August 2018 to 28 December 2018.

The following transactions have been made under the programme in week 45:

 Number of
sharesWeighted average purchase price, DKKTransaction value,
5 November 2018  58,641 403.9523,687,9916 November 2018  2,184 417.55911,9337 November 2018  -  - -8 November 2018  9,790 486.424,762,0589 November 2018  24,110 483.0211,645,540Accumulated under the programme  2,881,077 421.411,214,115,361

Details of all the transactions relating to the share buy-back programme during the period are presented in the attached appendix. 

Contact details
Vestas Wind Systems A/S, Denmark
Patrik Setterberg, Vice President                          
Investor Relations
Tel: +45 6122 1913 


Categories: State

Hi-Crush Announces Integrated Agreement for Northern White Frac Sand with Chesapeake Energy

Oil - 12 November 2018 - 9:00am

HOUSTON, Nov. 12, 2018 (GLOBE NEWSWIRE) -- Hi-Crush Partners LP (NYSE: HCLP), or "Hi-Crush", today announced that it has entered into a new, long-term frac sand supply agreement for the in-basin purchase of Northern White frac sand to support Chesapeake Energy Corporation (“Chesapeake”) and their completions program in the Marcellus and Powder River Basins. In addition, Chesapeake will utilize one PropStream® container crew and related logistics with the option to expand based on demand.

“We are excited to reach an agreement to provide services to meet Chesapeake’s demand for Northern White frac sand and associated proppant logistics needs,” said Robert E. Rasmus, Chairman and Chief Executive Officer of Hi-Crush. “We believe this agreement affirms the value of our Mine. Move. Manage. operating strategy, as well as the ongoing demand for Northern White frac sand, the strength of our logistics network and our success in increasingly partnering with producer customers.”

About Hi-Crush
Hi-Crush is a fully integrated, strategic provider of proppant and logistics solutions to the North American petroleum industry. We own and operate multiple frac sand mining facilities and in-basin terminals, and provide mine-to-wellsite logistics services that optimize proppant supply to customers in all major basins. Our PropStream® service, offering both container- and silo-based wellsite delivery and storage systems, provides the highest level of flexibility, safety and efficiency in managing the full scope and value of the proppant supply chain. Visit HiCrush.com.

About Chesapeake:
Headquartered in Oklahoma City, Chesapeake Energy Corporation's (NYSE: CHK) operations are focused on discovering and developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States. The company also owns an oil and natural gas marketing business.

Hi-Crush Media Contact:
Steve Bell
Director, Marketing and Corporate Communications
(713) 980-6225

Hi-Crush Investor Contact:
Caldwell Bailey, Lead Investor Relations Analyst
(713) 980-6270
Marc Silverberg, ICR

Chesapeake Media Contact:
Gordon Pennoyer
(405) 935-8878

Chesapeake Investor Contact:
Brad Sylvester, CFA
(405) 935-8870

Source: Hi-Crush Partners LP

Categories: State

Renewable Energy and Power Commences Sales of New LED Paintless Dent Repair Lighting Line

Oil - 12 November 2018 - 8:47am

iDENT Paintless Dent Repair (PDR) Products Launched and Sold at SEMA Trade Show

LAS VEGAS, NV, Nov. 12, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE –  LED lighting and power solutions company Renewable Energy and Power (OTC: RBNW) (or "REAP"), today announced the sales launch of its unique automotive LED lighting solutions at the 2018 Specialty Equipment Market Association (SEMA) annual trade-only event.

View iDENT LED Paintless Dent Removal Product Page

Renewable Energy’s portable iDENT PDR™ LED offers both cost advantages and higher repair quality due to its universal articulation and precise illumination, designed to reduce the need for costly repaints in complex jobs such as hail damage.

iDENT was exhibited along with the company’s full line of automotive targeted indoor and outdoor LED lights, resulting in over 1,000 new prospects and potential distribution partners.

“This new product line offers competitive cost and quality advantages for the automotive sector including showrooms, retailers, and repair shops,” commented CEO Donald MacIntyre. “Demand for these advantages was clearly evident by direct sales and attention these products received at SEMA and we are actively pursuing orders and strategic discussions originated at the event.”

Automotive professionals interested in the benefits of transitioning to LED from fluorescent lighting are invited to review the products site linked above and contact us for ordering details.

About Renewable Energy and Power

REAP seeks to make the Green Energy market cost competitive with fossil fuels through innovation in solar, wind-power, and LED lighting. Federal and state legislation in the United States provides for tax incentives that drive businesses and consumers to replace older technologies with new solar and LED alternatives of the types offered by REAP.

Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: For information: info@reappower.com Phone: 702-685-9524 @REAPPower www.reappower.com
Categories: State

Gabriella's Kitchen Is Redefining The Cannabis Health and Wellness Industry -- CFN Media

Recreation - 12 November 2018 - 8:30am

SEATTLE, WA, Nov. 12, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – 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 Gabriella’s Kitchen (CSE: GABY). The award-winning consumer packaged goods company whose array of super-nutritional foods are currently sold in more than 3,400 stores across North America, is launching a revolutionary new line of cannabis infused nutritional edibles. The expansion as well as a number of announced acquisitions has positioned the company on the cutting edge of cannabis infused nutritional edibles and therapeutic products, further accelerating GABY’s mission, “to empower people to live healthy lives without compromise.”  

Passionate Mission

GABY, founded by sisters Gabriella and Margot Micallef, was inspired by Gabriella’s terminal cancer diagnosis. Though Gabriella ultimately passed away from her illness, she beat her 4 month prognosis by an exponential factor of 10 and enjoyed a much higher quality of life than her doctors predicted. According to Margot Micallef, Founder & CEO of GABY, “The experience of Gabriella’s journey with cancer confirmed our views that diet and lifestyle is a real alternative to pharma and often with better results!”

GABY’s passionate mission has been furthered by the launch of its cannabis infused edibles which are now in market in California under the alto™ brand. Uninfused versions of the same alto™ edibles are also available online at www.Gabriellas-kitchen.com. In addition, GABY has another 20 un-infused products in market in California and throughout the US and Canada in thousands of mainstream retailers, creating a fast-track to the mainstream retail market for its soon to be launched Hemp-CBD infused edibles.

Expansion Into Cannabis Infused Edibles & Wellness Products

Given the importance of California as both a cannabis and a wellness market, GABY determined it was crucial to own its infrastructure in California. Therefore, in September, Gabriella’s Kitchen acquired The Oil Plant, Inc. (TOP), the owner of a Type 6 manufacturing license issued by the California Bureau of Cannabis Control (CBCC). In October, GABY announced the acquisition of Sonoma Pacific Distribution, one of California's leading independently owned cannabis distribution and marketing companies with a distribution and transport license issued by CBCC. With these acquisitions and with GABY’s vast and deep retail and consumer packaged goods experience, GABY has one of the most reliable and fastest go to market strategies of any cannabis company trading today. Uniquely, while others rely on third party relationships, GABY has the advantage of having direct control over the development, manufacturing, distribution and sale of its cannabis products in the world’s most important market.  

Through these acquisitions GABY also acquired the benefit of TOP’s best in class cannabis oil extraction technology and TOP’s interest in the market-leading brand of Aunt Zelda’s™ topicals and tinctures. The products are featured in the film Weed the People – a documentary by the renowned film production team of Abby Epstein and Ricki Lake.   

Cannabinoids are unique organic compounds commonly found in the cannabis plant. In multiple studies, both cannabidiol (CBD) and tetrahydrocannabinol (THC) have proven to have powerful wellness properties, including pain relief, inflammation relief, sleep enhancements, and general wellness. The combination of GABY’s move into CBD- and THC-infused edibles and lifestyle products, together with its recent acquisitions, brings the necessary expertise, access to capital, and infrastructure necessary to create a category leader in cannabis wellness.  

Consumers are flocking to CBD and THC infused products, a market segment that is expected to greatly exceed expenditures for recreational marijuana use. In 2018, just six months after statewide legalization of cannabis for adult use, California consumers spent $1.14 billion on products through 600 licensed cannabis dispensaries. According to Arcview Market Research, the California cannabis industry is predicted to exceed $7.7 billion by 2021-- establishing the state as the largest cannabis market in the world.

In addition to the California market, GABY has its eyes on the remaining states in the US and on Canada, where its alto™ and Aunt Zelda’s™ products can be sold. According to Cowen & Co., the North American cannabis industry will reach $75 billion by 2030. GABY is positioning itself to participate in this expanded market, and the timing couldn’t be better.

Sophisticated investors are looking beyond the stunning market appreciation of cannabis producers and cultivators to focus on the next wave of cannabis - related startups, namely those industry participants that are downstream of cultivation - manufacturers, distributors and dispensaries.  

GABY may have found the recipe to soar in the multi-billion-dollar THC and CBD based healthy edibles and wellness industry. This market segment is rapidly becoming the growth driver in the cannabis industry as well as the trillion-dollar health and wellness sector.

With significant distribution infrastructure already in place, a proven agility to obtain regulatory clearance, and a tasty portfolio of healthy and therapeutic revenue opportunities, GABY is transitioning into a highly focused, vertically integrated edibles and wellness products company.  

The Strategy Forward

GABY’s successful acquisition of TOP also brought GABY the benefit of Mara Gordon, the founder of TOP who on closing took on the role of Chief Research Officer at GABY. Ms. Gordon brings to GABY her extensive knowledge of the health attributes associated with cannabis and her expertise in formulations. GABY believes that to be the category leader in cannabis wellness it must also be a thought leader. In her role as Chief Research Officer, Ms. Gordon will continue her research into cannabis wellness and education and will continue her work with physicians and clinicians studying cannabis wellness. She will also continue to speak at medical conferences, before policy committees, at industry events and to consumers and retailers to educate, inform and collaborate on the advancement of cannabis wellness.  

GABY is not just well positioned to take advantage of the current market opportunities but is looking beyond the immediate to a time when federal legalization in the US removes the barriers to inter-state commerce. At such time, GABY’s existing infrastructure of major retailers and its distribution networks in both the licensed and unlicensed channels positions the company to rapidly expand into a wide variety of stores across North America with CBD and THC infused products.

Through the first half of 2018 GABY’s revenue rose by 171 percent to approximately $1.2MM, from $450,000 in the first half of 2017. Further growth is expected during the second half of the year following the launch of its alto™ product line as well as from its continuing roll up strategy. TOP’s existing management team projected revenue of US$10 million in 2019, Sonoma is anticipating $7.6 million. With the launch of six cannabis-related products as the foundation of GABY’s continued product development strategy, these unique factors could boost consolidated 2019 annual revenue to ~US$26.7 million (~C$35 million).

Gabriella’s Kitchen (CSE: GABY) has successfully transitioned into one of the only publicly-trading, pure play cannabis edibles and wellness companies listed on the CSE. Investors interested in the intersection between the multibillion-dollar cannabis industry and the trillion-plus dollar wellness industry may want to take a closer look at the company as it gears up to launch additional cannabis infused edibles and wellness products this year while continuing its roll up strategy of acquiring related and complementary companies in this sector.

For more information, visit the company’s website at www.gabriellas-kitchen.com.   

Please follow the link to read the full article: http://www.cannabisfn.com/gabriellas-kitchen-redefining-cannabis-health-wellness-industry/


The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/

About CFN Media

CFN Media (CannabisFN) is the leading agency and financial media network dedicated to the global cannabis industry, helps companies operating in the space attract investors, capital, and publicity. Since 2013, private and public cannabis companies in the US and Canada have relied on CFN Media to grow and succeed.

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CannabisFN.com is not an independent financial investment advisor or broker-dealer. You should always consult with your own independent legal, tax, and/or investment professionals before making any investment decisions. The information provided onhttp://www.cannabisfn.com (the ‘Site’) is either original financial news or paid advertisements drafted by our in-house team or provided by an affiliate. CannabisFN.com, a financial news media and marketing firm enters into media buys or service agreements with the companies that are the subject of the articles posted on the Site or other editorials for advertising such companies.  We are not an independent news media provider. We make no warranty or representation about the information including its completeness, accuracy, truthfulness or reliability and we disclaim, expressly and implicitly, all warranties of any kind, including whether the Information is complete, accurate, truthful, or reliable. As such, your use of the information is at your own risk. Nor do we undertake any obligation to update the items posted. CannabisFN.com received compensation for producing and presenting high quality and sophisticated content on CannabisFN.com along with financial and corporate news.  

The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/

CONTACT: Frank Lane 206-369-7050 Flane@cannabisfn.com
Categories: State

HomeTrust Bancshares Announces the Completion of Previous Stock Repurchase Program

Banking - 12 November 2018 - 8:30am

ASHEVILLE, N.C., Nov. 12, 2018 (GLOBE NEWSWIRE) -- HomeTrust Bancshares, Inc. (the “Company”) (NASDAQ: HTBI), the holding company for HomeTrust Bank, announced the completion of its December 2015, 5% stock repurchase program. A total of 922,855 shares were repurchased at an average price of $22.88 per share.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements often include words such as "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements are not historical facts but instead represent management's current expectations and forecasts regarding future events, many of which are inherently uncertain and outside of our control. Actual results may differ, possibly materially, from those currently expected or projected in these forward-looking statements. Factors that could cause our actual results to differ materially from those described in the forward-looking statements, include expected cost savings, synergies and other financial benefits from our acquisitions  might not be realized within the expected time frames or at all, and costs or difficulties relating to integration matters might be greater than expected; increased competitive pressures; changes in the interest rate environment; changes in general economic conditions and conditions within the securities markets; legislative and regulatory changes; and other factors described in HomeTrust's latest annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other documents filed with or furnished to the Securities and Exchange Commission - which are available on our website at www.htb.com and on the SEC's website at www.sec.gov. Any of the forward-looking statements that we make in this press release or the documents we file with or furnish to the SEC are based upon management's beliefs and assumptions at the time they are made and may turn out to be wrong because of inaccurate assumptions we might make, because of the factors described above or because of other factors that we cannot foresee. We do not undertake and specifically disclaim any obligation to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements. These risks could cause our actual results for fiscal 2019 and beyond to differ materially from those expressed in any forward-looking statements by, or on behalf of, us and could negatively affect our operating and stock performance.

About HomeTrust Bancshares, Inc.
HomeTrust Bancshares, Inc. is the holding company for HomeTrust Bank. As of September 30, 2018, the Company had assets of $3.4 billion. The Bank, founded in 1926, is a North Carolina state chartered, community-focused financial institution committed to providing value added relationship banking through 43 locations as well as online/mobile channels. Locations include:  North Carolina (including the Asheville metropolitan area, the "Piedmont" region, Charlotte, and Raleigh/Cary), Upstate South Carolina (Greenville), East Tennessee (including Kingsport/Johnson City/Bristol, Knoxville, and Morristown) and Southwest Virginia (including the Roanoke Valley). The Bank is the second largest community bank headquartered in North Carolina.




Dana L. Stonestreet – Chairman, President and Chief Executive Officer
Tony J. VunCannon – Executive Vice President, Chief Financial Officer, Corporate Secretary and Treasurer

Categories: State

Apache and Kayne Anderson Acquisition Corporation Announce Closing of Transaction to Create Altus Midstream Company, a Pure-Play, Permian Basin Midstream C-Corp

Oil - 12 November 2018 - 8:00am

Altus Midstream will trade on the Nasdaq with the ticker symbols ALTM and ALTMW beginning Nov. 12, 2018

HOUSTON, Nov. 12, 2018 (GLOBE NEWSWIRE) --  Apache Corporation (NYSE, Nasdaq: APA) and Kayne Anderson Acquisition Corporation (“KAAC”), a special purpose acquisition company (SPAC), which previously traded on the Nasdaq under the ticker symbols KAAC and KAACW, today announced the completion of the previously announced business combination to create Altus Midstream Company (Nasdaq: ALTM, ALTMW), currently the only publicly traded, pure-play, Permian Basin midstream C-corporation. The transaction was approved by KAAC shareholders Nov. 6, 2018. Upon closing, KAAC changed its name to Altus Midstream Company. The Company’s Class A common stock and warrants will begin trading on the Nasdaq Monday, Nov. 12, 2018, under the symbols ALTM and ALTMW, respectively.

“Altus Midstream is anchored by a world-class unconventional resource play in Alpine High and a premier sponsor in Apache Corporation, which currently owns approximately 79 percent of the company,” said Brian Freed, Altus Midstream CEO and president. “Our high-growth gathering and processing business, along with our options to purchase equity interests in five top-tier, Permian Basin pipeline projects, will drive market-leading growth at Altus Midstream for years to come. With no debt and a substantial cash position, we have the financial strength and access to a low cost of capital to fund our identified organic growth as well as pursue other attractive opportunities, such as crude and water gathering in Alpine High, third-party gathering and processing business, and mergers and acquisitions.”

Additionally, on Nov. 9, 2018, Altus Midstream entered into a credit agreement providing for an $800 million unsecured five-year revolving credit facility, with initial capacity of $450 million, the eventual ability to upsize the facility to $1.5 billion, and two one-year extension options. Pricing for the credit facility ranges between LIBOR + 1.05 percent to 1.425 percent.

“We have put in place a favorable revolving credit facility that provides Altus Midstream with flexible access to capital at attractive pricing and facilitates the ability to finance our growth plans,” said Ben Rodgers, Altus Midstream CFO.

About Altus Midstream Company
Altus Midstream Company is a pure-play, Permian Basin midstream C-corporation. Altus Midstream and/or its subsidiaries own substantially all of the gas gathering, processing and transportation assets servicing Apache Corporation’s production in the Alpine High play in the Delaware Basin. Altus Midstream posts announcements, operational updates, investor information and press releases on its website, www.altusmidstream.com.

About Apache
Apache Corporation is an oil and gas exploration and production company with operations in the United States, Egypt and the United Kingdom. Apache posts announcements, operational updates, investor information and press releases on its website, www.apachecorp.com, and on its Media and Investor Center mobile application, which is available for free download from the Apple App Store and the Google Play store.

Forward-looking statements
This news release includes certain statements that may constitute “forward-looking statements” for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “seeks,” “possible,” “potential,” “predict,” “project,” “guidance,” “outlook,” “should,” “would,” “will,” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These statements include, but are not limited to, statements about future plans, expectations, and objectives for Altus Midstream’s and Apache’s operations, including statements about our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans, and objectives of management. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. See "Risk Factors" in our Definitive Proxy Statement dated October 22, 2018 filed with the Securities and Exchange Commission for a discussion of risk factors that affect our business. Any forward-looking statement made by us in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future development or otherwise, except as may be required by law.

Contacts for Apache and Altus Midstream

Media: (713) 296-7276   Castlen Kennedy
                                      Phil West

Investors: (281) 302-2286   Gary Clark
Websites: www.altusmidstream.com, www.apachecorp.com


Categories: State

MTrac Goes Live in Colorado, Continues to Expand Nationwide, Strong Revenue Projected

Recreation - 12 November 2018 - 8:00am

SAN DIEGO, Nov. 12, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. (OTCPink:GOHE) (“Global”) and its wholly owned subsidiary MTrac Tech Corp. (“MTrac” or the “Company”) are pleased to announce that their payments platform has gone live in Colorado, which represents its third active state in pursuit of its nationwide expansion plans, and boarded its newest San Diego client, which is one of the largest dispensaries in the county and represents MTrac’s fourth client in its home town.  

MTrac’s first Colorado client is a company with two dispensaries, one in Denver and one in Boulder.  The company is well-established and holds state licenses that comprise the full vertical from cultivation and manufacturing to retail.  As with most cannabis businesses, cash heavy operations pose many challenges, and this Colorado company was in need of a secure, compliant, and customer-friendly cashless solution to streamline its business expenditures processes.

“The launch in Colorado offers shareholders a firm example of MTrac following up on its promise to expand.” Said Global Payout COO, David Flores. “We are now live in 3 states and we expect that number to grow as we continue to streamline our onboarding processes. Colorado was the first to offer recreational cannabis, and many companies have attempted to solve the cash problem for those businesses. To date, many have tried but none have fully succeeded, and I believe MTrac to be the solution that this market has been waiting for.”

MTrac also went live this week with its newest San Diego client, which is one of the largest dispensaries in the county, where (7) processing terminals were deployed, and MTrac experienced its largest revenue numbers since its relaunch at the beginning of October. The MTrac team anticipates having another two San Diego locations live before month’s end. Because of its San Diego origin and executive headquarters, the MTrac team is committed to making San Diego the safest, most compliant, cannabis community in the nation. MTrac’s executive team recently sat down with the San Diego Mayor’s office to introduce the platform and the many government oversight benefits of ledger technology to facilitate regulatory compliance. MTrac aims to make San Diego the first cashless and compliant cannabis city as a model for others to follow.

“Now let’s consider the true potential of this company.” Said Global Payout CEO, Vanessa Luna. “Many of our shareholders have been wondering what this all means, and how we plan to increase shareholder value and clean up the company’s stock to showcase what I consider to be a hidden gem in the OTC market. With our technology partners and MTrac’s exclusive software licensing rights within the industry, our goal is focused on mass market adoption. We have an extensive pipeline of dispensary, CBD, other high-risk, and low risk sector accounts coming on board and would estimate our existing pipeline at around 50 merchants looking to be fully transacting before the end of the year. Our transactional revenue is steadily increasing with each new merchant that goes live on the system and takes advantage of the increased sales that accompany the ability to offer their customers secure and compliant card payments at the register.  After several months of hard work and dedication, MTrac has arrived at a point where we are creating value for our clients and, in my opinion, positioned perfectly to continue crushing revenue expectations over the coming months. To the loyal shareholders who have stuck with us throughout this entire process, we thank you and we offer you our continued assurance that we remain diligent in our intent of taking MTrac nationwide and turning this into a truly remarkable success story for you and for everyone who has contributed to our journey along the way.  I expect to have a lot of exciting announcements in the near future as we continue to execute our business objectives and cultivate larger relationships. I am always saying, “this is only the beginning” and by that, I mean there is no stopping our drive to successfully offer our service in the highest caliber possible. Stay tuned!”

In addition to MTrac’s ongoing expansion within the industry, the Company is also pleased to announce that it remains on track in its intention of completing and filing the Form-10 in the next few weeks and looks forward to the opportunity it will provide the Company to transparently showcase its growth and financial progress.

As a reminder, the MTrac Tech team will be represented in full-force at this week’s MJBizCon in Las Vegas. Those who are able to make the trip to the convention are encouraged to visit the MTrac Tech team at booth #1754 where the MTrac payment platform will be displayed proudly for all attendees.

About Global Payout, Inc. (OTC Pink:GOHE)
From 2014 to 2017 Global focused on identifying new state of the art technologies in a variety of industry sectors and successfully helped launch MoneyTrac Technology Inc. and other companies within the FinTech space. In 2018, Global completed a reverse triangular merger with MoneyTrac Technology Inc. resulting in Global retaining the wholly owned subsidiary, MTrac Tech Corporation. Global’s current focus is continuing to identify new business opportunities while it reorganizes its future business endeavors. 

About MTrac Tech Corp. 
MTrac Tech Corporation. a Nevada Corporation is a privately held wholly owned subsidiary of Global Payout, Inc. MTrac is a software technology, sales and marketing, and business development company focused on “high risk” and “high cost” industries. The Company’s flagship product is the MTrac payment platform offering a full-service solution for alternative banking and electronic financial marketplace with technology offerings including Payment Platform, Blockchain, Compliance, POS, E-Wallet, Mobile Application and Digital Payment Solutions. We are one network disrupting the status quo. It is MTRAC’S creative vision through the use of its innovative technology solution to become the premier service provider offering the “Key to CashlessTM”

Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are disclosed on the OTC Markets.com website.

Public Relations and Media Contact:
MTrac Tech Corp.
(702) 790-2511 Ext. 101

Communications Contact:
NetworkNewsWire (NNW)
New York, New York
212.418.1217 Office

Categories: State

Auxly Reports Q3 2018 Financial Results and Highlights Key Milestones

Recreation - 12 November 2018 - 7:30am

VANCOUVER, British Columbia, Nov. 12, 2018 (GLOBE NEWSWIRE) -- Auxly Cannabis Group Inc. (TSX.V - XLY) (OTCQX: CBWTF) ("Auxly" or the "Company") has reported its financial and operational results for the three and nine months ended September 30th, 2018. These filings are available for review on the Company’s SEDAR profile at www.sedar.com

Auxly is a global cannabis company with assets in every segment of the cannabis value chain. Through three distinct verticals: Upstream, Midstream and Downstream, Auxly's platform provides for a significant amount of operational flexibility and control resulting in improved margin dynamics. Auxly’s management team has prioritized the following objectives for each of the Company’s business segments.

  • Upstream: The Company continues to acquire cultivation capacity through the development of facilities in Canada and Uruguay. The development of a robust supply pipeline is the cornerstone of the Auxly platform, providing the Company with a secure and diverse source of cannabis which allows it to participate across the entire cannabis value chain. Auxly remains focused on building out its diverse cultivation platform comprised of wholly-owned assets, streaming partnerships, joint venture partnerships and commercial offtake arrangements.
  • Midstream: The strategic focus of Auxly's midstream business segment is to add value to the cannabis produced in the upstream segment through the application of intellectual property. The Company continuously evaluates a broad range of applicable intellectual property including extraction and purification methodologies, trademark and know-how licensing, patent acquisition and technology and product licensing. Through its wholly-owned subsidiaries, the Company also intends to develop its own proprietary cannabis-derived products and related intellectual property.
  • Downstream: The Company identified the need for a robust downstream distribution platform early in its corporate history and has continued to focus on the development of high value medical and non-medical channels. The Company has made strategic decisions on which distribution channels to prioritize based on production ramp-up and a focus on higher margin medical channels and non-medical channels that are owned by Auxly or where Auxly holds an equity interest in the retailer.
  • International: In order to best address expanding global demand for cannabinoid-based products, the Company has acquired an 80% ownership in Inverell S.A. (“Inverell”) providing the Company with a long term, stable supply of CBD molecules to sell into the Company’s international distribution channels. In addition, to meet near term demand generated by the Company’s international channels, the Company signed an international supply agreement with Aphria Inc. (“Aphria”) to purchase up to 20,000 kilograms of cannabis products on an annual basis, during the term of the agreement. The Company is increasingly evaluating new opportunities across the cannabis value chain in North America and Internationally as several jurisdictions look to legalize cannabis use for medicinal and/or recreational use. The Company anticipates that the International segment of the business will become progressively more important to the overall strategy in the long term.

Q3 2018 Highlights

Upstream Business

The Company views its upstream segment, comprised of Auxly’s streaming partners and wholly-owned subsidiaries, as a critical component to the overall success of the Company’s objective of becoming a fully vertically integrated global cannabis company. The quarter was highlighted by several licensing milestones on the part of Kolab Project and CannTx as well as the closing of the Inverell acquisition, welcoming a new upstream partner in Delta 9 Cannabis, and additional investments in FSD Pharma and Lotus Ventures. The Company is pleased to provide the following updates with respect to its upstream business:

  • Kolab Project: Kolab Project Inc. ("Kolab Project") received its sales license from Health Canada, pursuant to the Access to Cannabis for Medical Purposes Regulations (“ACMPR”). The issuance of the sales license to Kolab Project marks a significant milestone for the Company as it allows Kolab Project to participate in the sale of cannabis to both medical patients and adult use consumers across the country through its online portal at www.kolabproject.com as well as other various distribution channels. Kolab Project seeks to differentiate its cannabis offerings by providing a highly curated experience to its consumer base through a carefully selected collection of unique strains and premium products.

    In addition, Kolab Project has successfully completed the design of the third phase of its facility in Carleton Place, Ontario. In addition to incremental cultivation space, Auxly has strategically designed the space for the Company’s plant genetic development initiatives. In particular, the Company expects to use this space to house the Company’s genetics in addition to conducting activities related to genetic breeding, tissue culture, phenotyping and seed breeding. Upon completion, the genetics facility will act as a cornerstone for the development of unique genetics for the Company’s wholly-owned cultivation facilities and for the broader upstream segment.

  • Inverell: Subsequent to the end of the third quarter, the Company received the final Uruguayan regulatory approval from the Secretaría Nacional para la Lucha contra el Lavado de Activos y el Financiamiento del Terrorismo to complete the acquisition of Inverell. Led by Dr. Raúl Urbina, previously the Founder and CEO of Stevia One, Inverell provides the Company with a highly efficient, low-cost source of cannabinoids to address expanding global demand for cannabinoid-based products. A cornerstone asset in the Auxly portfolio, Inverell provides Auxly with an avenue to address emerging international distribution channels, including through the Company's strategic partnership with ICC International Cannabis Corp. (“ICC”).
  • Delta 9 Cannabis: The Company made a strategic investment and entered into a long-term supply agreement with Delta 9 Cannabis Inc. (“Delta 9”), a Winnipeg, Manitoba based licensed producer operating an 80,000 square foot facility using proprietary hydroponic grow pods. The investment is of strategic importance to Auxly’s upstream segment as it provides a near-term source of supply into the Auxly platform for immediate redistribution and product development purposes, from a high-quality operator. Pursuant to the agreement with Delta 9, Auxly invested $16,250,000 in exchange for 5,909,090 shares of Delta 9 and received the right to purchase a fixed amount of cannabis at preferential pricing for a period of 10 years. Beginning in January 2019, Auxly will receive the right to purchase 1,000 kilograms of dried cannabis and 100 kilograms of trim per annum from Delta 9, expanding to a total of 5,000 kilograms of dried cannabis and 500 kilograms of trim per annum beginning in July 2020.
  • CannTx Life Sciences: Auxly’s streaming partner, CannTx Life Sciences Inc. (“CannTx”) was granted a cultivation license for its production facility in Puslinch, Ontario pursuant to the ACMPR and has subsequently commenced cultivation activities. Auxly holds a minority equity interest in CannTx and an entitlement to purchase 33% of all cannabis (or cannabis-derived products including any cannabis trim) produced at the CannTx facility for a period of 10 years from the date of first sale, at a fixed cost.
  • Aphria: The Company announced that its wholly-owned subsidiary Dosecann Inc. (“Dosecann”) entered into a definitive international supply agreement with Aphria pursuant to which Dosecann will have the option to purchase cannabis, including dried flower and cannabis oil, for distribution to certain international markets, including Mexico, Portugal, and Serbia, as well as a certain amount for distribution into the Canadian market. Under the agreement, Dosecann will retain the option to purchase up to 20,000 kilograms of dried flower or oil equivalent, subject to certain minimum purchase quantities and Aphria receiving the necessary regulatory approvals. The Agreement extends until January 31st, 2022 with an option to renew. The supply agreement enables the Company to accelerate its international strategy by providing the Company with a near-term source of product to supply its international channels.
  • Lotus Ventures: Pursuant to the streaming agreement with Lotus Ventures Inc. (“Lotus”), the Company advanced $4,000,000 in exchange for 3,755,868 common shares of Lotus to partially fund the completion its 22,500 square foot cultivation facility in Armstrong, British Columbia. Under the agreement, Auxly has the right to purchase up to 50% of the Lotus facility’s total production as well as the right of first offer to purchase the remaining 50% of cultivation output. In addition, the Company has a right of first refusal to finance a prescribed portion of the first expansion of Lotus’ cultivation facility and all or a portion of any further expansions.
  • FSD Pharma: Pursuant to its streaming agreement with FSD Pharma Inc. (“FSD Pharma”), the Company subscribed for 7,500,000 shares of FSD Pharma for $7,500,000. Proceeds from the financing subscription will be used to fund the ongoing construction of the joint cultivation space that the Company and FSD Pharma are co-developing. The Company will retain a 49.9% stream of all cannabis (or cannabis-derived products including any cannabis trim) produced at the facility under partnership with Auxly in perpetuity. The Company expects that the product sourced from the FSD Pharma facility will be a significant contributor to the overall supply of indoor product into Auxly’s upstream segment.

Midstream Business

Throughout the quarter, the Company dedicated significant resources towards the development of its midstream business. The Company, alongside it’s cornerstone midstream asset Dosecann, is building a high-value and high-margin derivative cannabis business through the development of its midstream channel. The acquisition of KGK Science is integral to the Company as it brings clinical study and research study capabilities in-house to support the Dosecann product pipeline expected to launch in late 2019. The Company is pleased to provide the following updates with regards to its midstream business:

  • Dosecann: The Company’s wholly-owned subsidiary, Dosecann, successfully obtained a Dealer’s License for Controlled Drugs and Substances from Health Canada pursuant to the Narcotics Control Regulations. Securing the Dealer’s License marks a significant milestone as it authorizes Dosecann to engage in various activities related to the manufacturing of cannabis oils and resins through extraction of dried cannabis flower, production of authorized cannabis products, product formulation, research and development and quality testing. Dosecann’s purpose-built 42,000 square foot facility located in Charlottetown, PEI, will serve as a hub for Auxly and its partners to develop and manufacture high-margin, value-added products through two segments: medical products and consumer packaged goods. Dosecann has recently received its first shipment of cannabis flower and expects to commence its extraction and research and development activities imminently.
  • KGK Science: The Company completed the acquisition of KGK Science Inc. (“KGK”) for total consideration of $12,300,000 payable in cash and common shares of the Company. KGK Science is one of the leading contract research organizations offering clinical trial services and regulatory consulting for the cannabis, dietary supplement, functional food, beverage, ingredient and cosmetic industries. Having served many of North America’s leading nutraceutical, natural health product and consumer packaged goods companies such as Kraft Foods, Sanofi, Nature’s Bounty and Nuskin, KGK, using industry leading research and science, will work closely with the team at Dosecann in order to ensure that the products developed and manufactured by Dosecann’s team meet the highest quality and safety thresholds. Outside of the distinct collaboration with Dosecann, KGK will continue to operate its current business in the ordinary course, substantiating claims for their client’s products through randomized clinical trials in addition to providing other research services such as participant recruitment, regulatory compliance solutions, research support services and consulting.

  • Cannabis OneFive: The Company entered into a strategic partnership with Cannabis OneFive, Inc. (“C15”), a leading provider of quality management and document control software systems for the cannabis industry. In connection with the strategic partnership, the Company and C15 entered into a share exchange agreement resulting in Auxly obtaining a 30% equity ownership interest in C15. The Company intends for Dosecann to become the initial lead subscriber of C15’s software with an eventual broader rollout to be deployed at other Auxly facilities across its platform.

Downstream Business

The Company recognizes the value and the opportunity to develop meaningful downstream distribution channels and has prioritized its efforts accordingly. This quarter marked continued domestic and global expansion for the Company through a newly announced strategic partnership with Atlantic Cultivation in Newfoundland & Labrador and through a strategic investment into ICC that provides the Company with access to over 16 jurisdictions across the globe in a capital efficient manner. The Company is pleased to provide the following updates on the development of its medical and adult use channels:

  • Inner Spirit: The Company exercised its pre-emptive right to acquire an additional 7,058,824 units of Inner Spirit Holdings Ltd. (“Inner Spirit”) in order to maintain ownership of approximately 15% of the total issued and outstanding common shares of Inner Spirit. Inner Spirit and Auxly previously entered into a strategic arrangement whereby the companies will collaborate on retail initiatives, including Auxly supplying cannabis products to Inner Spirit’s existing licensed locations in Alberta and Saskatchewan and into any future locations in Canada. To date, Inner Sprit has successfully signed over 110 franchise agreements and has successfully obtained 5 licenses for the sale of recreational cannabis, 4 of which are in Alberta. By applying Inner Spirit’s franchise and retail models to the cannabis space, Auxly believes Inner Spirit is positioned to be a major player and trusted source in the distribution of adult use cannabis in markets where privately owned cannabis retail stores are permitted.

  • ICC International Cannabis: The Company formed a strategic partnership with ICC which included a strategic investment and commercial rights agreement. The strategic investment of $5,000,000 was made by way of convertible debentures bearing an interest rate of 8% with a maturity date of September 17th, 2021. ICC has a number of agreements and licenses in place related to pharmaceutical distribution, wholesale importation, research and development, cultivation, production, storage, and exportation of cannabis. In particular, ICC has agreements in place to supply a European-based pharmaceutical distributor with a network of 35,000 pharmacies in 16 countries, in addition to working interests in industrial hemp licenses in Greece and wholly-owned licenses to cultivate, produce, distribute, store, and export cannabis in Colombia, the Kingdom of Lesotho, and Denmark.

    In connection with the transaction, Auxly will become a preferred commercial partner to ICC, through various rights of first refusal including: supplying ICC's extensive world-wide distribution channels in the event that ICC is looking to source cannabis products; any sale or off-take agreement pursuant to which ICC intends to sell or distribute cannabis products to any third party; purchasing any of ICC’s assets (including its subsidiaries) in the event that it intends to sell any such assets to a third party; and licensing any intellectual property owned or developed by ICC, or its subsidiaries, in the event that ICC intends to license such intellectual property.

  • Atlantic Cultivation: Subsequent to the end of the third quarter, the Company entered into a strategic partnership to collaborate on the development of a 110,000 square foot indoor cultivation facility in St. Johns, Newfoundland and Labrador and on the development of retail locations in the Province. In connection with the partnership, Auxly will invest $2,500,000 into Atlantic in exchange for a 50% equity stake in Atlantic and a long term right to purchase up to 30% of dried cannabis (or cannabis-derived products including any cannabis trim) produced at Atlantic's facility. In tandem with the investment, the founding shareholders of Atlantic will contribute an additional $2,500,000 in funding to the entity and, together with the investment from Auxly, such funds will be used towards the development of retail locations, upon obtaining the requisite approval from the government of Newfoundland and Labrador, and for general working capital purposes. The partnership allows Auxly to expand its presence in Eastern Canada with an exceptionally strong team led by experienced Newfoundland and Labrador entrepreneurs.

Select Summary of Quarterly Results
(Expressed in Canadian Dollars in Thousands)

Period ended (000s)September 30th, 2018December 31st, 2017Cash and Cash Equivalents$236,920 $33,454 Total Current Assets$268,475 $35,521 Total Non-Current Assets$232,565 $57,058 Total Assets$501,040 $92,579 Long-Term Convertible Debt$92,327 $17,738 Total Equity$367,823 $62,793    Three months ended (000s)September 30th, 2018 September 30th, 2017 Revenue$512 $0 Unrealized Gains and fair value changes$6,205 $0 Total Income$6,717 $0 Total Expenses$17,056 $5,211 Total Comprehensive Profit or Loss($4,592)($5,703)Net cash used in operating activities($9,031)($5,256)Net cash used in investing activities($52,172)($15,705)Net cash from financing activities$2,320 $248    Nine months ended (000s)September 30th, 2018 September 30th, 2017 Revenue$512 $0 Unrealized Gains and fair value changes$7,105 $0 Total Income$7,617 $0 Total Expenses$36,815 $8,255 Total Comprehensive Profit or Loss($28,331)($8,772)Net cash used in operating activities($25,591)($8,236)Net cash used in investing activities($75,307)($18,155)Net cash from financing activities$304,364 $51,767 

The Company maintained a strong balance sheet and liquidity position with $236,920,000 in cash and cash equivalents at the end of the third quarter earmarked for funding Auxly’s streaming partners, wholly-owned subsidiaries, downstream distribution efforts and general and administration costs. The increase in the cash and working capital balances are attributable primarily to the Company raising $215,115,000 in debt and equity financings year to date in addition to raising $95,017,000 in warrant and broker warrant unit exercises. During the nine months ended September 30th, 2018, cash used in investing activities totaled $75,307,000 which includes strategic investments made in subsidiaries, streaming partners and strategic partners.

In connection with the scaling up of business operations, hiring of additional talent, executing on existing agreements and the addition of three subsidiaries, the Company’s cash outflows related to operations increased to $25,591,000 during the nine months ended September 30, 2018 compared to $8,236,000 for the nine months ended September 30th, 2017.

Management Commentary

Chuck Rifici, CEO and Chairman of Auxly commented: “Auxly continues to build out its platform at an industry leading pace and make progress on the development of its assets and partners at all touch points of the cannabis value chain. We continue to make strategic additions to the overall platform in line with the company’s domestic and international expansion plans. Needless to say, we are pleased with the steady progress we have made in the last three months as the Company works towards achieving its long -term strategic goals.”

Hugo Alves, President and Director of Auxly commented: “The third quarter of 2018 was highlighted by the further progress we have made in developing our assets and securing new accretive relationships across all of our business channels. We are increasingly differentiating ourselves through our focus on science-driven product innovation at Dosecann. We have assembled a world class team and have continued to invest in the infrastructure and strategic initiatives that we feel will best position Dosecann to be a leading player in the product development and manufacturing segment of the cannabis market."

"Chuck Rifici" Chairman & CEO

About Auxly Cannabis Group Inc. (TSX.V: XLY)

Auxly Cannabis Group is a collective of entrepreneurs with a passion for the cannabis industry past, present and future. Our mandate is to facilitate growth for our partners by providing them with financial support and sharing our collective industry experience. Our partners all have different visions, voices and brand values, and all share a common goal—to build a world-class industry based on ethics, diversity, quality and innovation.

Investor Relations:
For more information about investing in Auxly Cannabis Group, please visit: http://www.auxly.com or contact our Investor Relations Team: 
Email: IR@auxly.com
Phone: 1.833.695.2414

Stay Connected: 
Follow up on Twitter @Auxlygroup

Media Enquiries (only): 
For media enquiries or to set up an interview please contact:
Sarah Bain, VP External Affairs 
Email: sarah@auxly.com 
Phone: 613.230.5869

Notice Regarding Forward Looking Information:

This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities law. Forward-looking information is frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or information that certain events or conditions "may" or "will" occur. This information is only a prediction. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking information throughout this news release. Forward-looking information includes, but is not limited to: the proposed operation of Auxly, its subsidiaries and streaming partners, future legislative and regulatory developments involving cannabis and cannabis products, the timing of proposed research and clinical trials, the timing and outcomes of regulatory or intellectual property decisions, the relevance of Auxly’s subsidiaries’ and partners’ proposed products, consumer preferences, political change, competition and other risks affecting the Company in particular and the cannabis industry generally.

A number of factors could cause actual results to differ materially from a conclusion, forecast or projection contained in the forward-looking information in this release including, but not limited to, whether: Auxly’s subsidiaries and partners are able to obtain and maintain the necessary regulatory authorizations to conduct business, the Company is able to successfully manage the integration of its various business units with its own, the Company’s subsidiaries and partners obtain all necessary governmental and regulatory permits and approvals for the operation of their facilities and the development of its proposed products, and whether such permits and approvals can be obtained in a timely manner, the success of Dosecann and KGK’s research strategies, the applicability of the discoveries made therein, the successful and timely completion and uncertainties related to the regulatory process, the acceptance of future Dosecann products by consumers and medical professionals, and general economic, financial market, legislative, regulatory, competitive and political conditions in which the Company and Dosecann operate will remain the same. Additional risk factors are disclosed in the revised annual information form of the Company for the financial year ended December 31, 2017 dated May 24, 2018.

New factors emerge from time to time, and it is not possible for management to predict all of those factors or to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The forward-looking information in this release is based on information currently available and what management believes are reasonable assumptions. Forward-looking information speaks only to such assumptions as of the date of this release. In addition, this release may contain forward-looking information attributed to third party industry sources, the accuracy of which has not been verified by the Company. The purpose of forward-looking information is to provide the reader with a description of management's expectations, and such forward-looking information may not be appropriate for any other purpose. Readers should not place undue reliance on forward-looking information contained in this release.

The forward-looking information contained in this release is expressly qualified by the foregoing cautionary statements and is made as of the date of this release. Except as may be required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results, or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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