Connect with us

BUSINESS

Agra Ventures Ltd (OTCMKTS: AGFAA) Issues Shares To Settle Debt, Leafbuyer Technologies Inc. (OTCMKTS: LBUY) Reports Record Monthly Sales

Published

on

Agra Ventures Ltd (OTCMKTS: AGFAA) has issued shares of its common stock pursuant to debt settlement.

Agra Ventures issues shares for debt settlement 

On May 26, 2021, the company had previously announced that it had agreed with some arms-length part to settle its outstanding indebtedness for consultation fees owed and other liabilities the company incurred. According to the settlement, the Arm’s Length Party will be eligible for the issuance of more shares if the trading price closes at less than $0.05 a share a day prior to the expiry of the hold period.

The Arm’s Length Party will be entitled to the number of Additional Shares determined by multiplying the number of Settlement Shares by the Market Price and then subtracting the Settlement Shares Value from the Settlement Amount in this situation. The number of Additional Shares to be issued will be determined by dividing the Settlement Shares Shortfall by the Market Price. The CSE has confirmed that no holding period will be required before the sale of any Additional Shares, and the deemed price of the Additional Shares will be equal to the Market Price at that time if Additional Shares are issued pursuant to the above.

The company’s board of directors has authorized the settlement amounts owed for services offered through share issuance.

Leafbuyer reported the highest sales in August 

Leafbuyer Technologies Inc. (OTCMKTS: LBUY)  has announced that it recorded the highest monthly sales in August 2021. Besides the historic total retail sales, Leafbuyer also announced additional 100 new clients/locations in the past four months.

CEO Kurt Rossner said, “We are very happy with the accelerating momentum and continued demand for our product line. Our unique tech platform offers the benefits of customer loyalty and the exposure of one of the top consumer websites in the industry. We expect to make some major improvements to our platform in the coming months and are hoping for above market growth continuing for the foreseeable future.”

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

BUSINESS

Martha Stewart CBD Launches Two New CBD Products as Part of Collaboration with Canopy Growth Corporation (NASDAQ: CGC)

Published

on

Martha Stewart CBD has introduced the latest CBD products as part of the partnership with Canopy Growth Corporation (NASDAQ: CGC). The latest introductions include the permanent offering Harvest Medley CBD Wellness Gummies and limited edition Snowflake CBD Gummy Sampler and Mini CBD Peppermint Ribbons that customers can access during the holiday season.

New CBD offering perfect for gifting family and friends 

The new offerings are perfect for helping customers prioritize mental well-being more so for those who want to give gifts over the holidays and beyond.

Martha Stewart said, “I’m grateful for the engaged community we’ve cultivated in just one year since launching Martha Stewart CBD. Perfecting our first-ever flavor extension for the fan-favorite gummies with our customers in mind has been nothing short of an incredible experience. It’s a pleasure to bring the benefits of CBD to a wider audience, and our new product offerings are a convenient and delicious way to make wellness an easier choice, every day.”

The new CBD products arrive on the one-year anniversary of the Martha Stewart CBD brand’s launch. Martha Stewart CBD has surpassed early business predictions in the past year, becoming the fastest-growing CBD brand in all categories and outperforming QoQ growth by 20%. Given Martha’s unrivaled authority in the lifestyle industry, the brand continues to attract new, unexplored, and highly engaged consumers. New products like these help the company achieve its goal of making CBD accessible.

Consumers to enjoy different flavors of the latest CBD offering 

The harvest Medley CBD Wellness Gummies features the most popular flavors offering the comforting, inviting, and rich fall flavors of Green Apple, Pomegranate, and Concord Grape. Each gummy gourmet contains an attractive texture and 100% hemp CBD. The gummies will be available in three sizes of 30, 20, and 3 count offering.

Consumers can now access a CBD version of the peppermint candies from Martha Stewart in partnership with confection company Hammonds Candies. The Mini CBD Peppermint Ribbons and Snowflake sampler will give consumers a delicious and pure dose of CD isolated in combination with a refreshing peppermint flavour.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
Continue Reading

BUSINESS

Columbia Care Inc. (OTCMKTS: CCHWF) Finalizes Medicine Man Acquisition For $42 Million to Expand Colorado Operations

Published

on

Columbia Care Inc. (OTCMKTS: CCHWF) has finalized Medicine Man’s acquisition, enhancing its position in the cannabis market. Medicine Man is a vertically integrated, premier cannabis firm based in Denver, Colorado, that has been serving customers since 2009.

Columbia Care to acquired Medicine Man for $42 million 

The total upfront payment for the transaction was $42.0 million, consisting of cash consideration of $8.4 million and $33.6 million in shares, with the possibility of a bonus payment based on performance in 2021. Cash flow from operations and adjusted EBITDA will be accretive immediately upon closing of the transaction. The upfront payment of $42.0 million equals a 4.5x multiple of estimated EBITDA in 2021.

Columbia Care CEO Nicholas Vita said, “As the second largest cannabis market in the world, Colorado has become a global bellwether for adult use programs and continues to show strong organic growth. The acquisition of Medicine Man enhances our position as the leader in the state by combining with a recognized operator that has been a consistent outperformer in the Colorado market since its founding. We are grateful to the cities of Aurora, Denver and Thornton, and the State of Colorado, for their support, as well as to the Medicine Man team that has been terrific to work with throughout this process.”

Columbia Care expanding in Colorado 

The company’s Colorado activities will now include a cultivation facility and four stores, including the Medicine Man Longmont location, which is expected to open in Q1 2022. Columbia Care presently has six cultivation and manufacturing facilities and 26 dispensaries in Colorado, including the Green Solution brand facilities.

Medicine Man CEO said, “This marks the next step in the evolution of Medicine Man, from an ambitious family-run company to part of a best-in-class operation. Our experience with Columbia Care through this process has reinforced the reasons we decided to partner with them. The team has been incredible, fair and efficient over the last few months. Our focus now turns to executing their vision and bringing as much value as possible to the Columbia Care operation.”

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
Continue Reading

BUSINESS

Horizon ETFs Management Inc. Unveils Horizons High-Interest Savings ETF Focusing on High-Interest Accounts

Published

on

Horizon ETFs Management Inc. has launched the Horizons High-Interest Savings ETF (CASH) with Units of the ETF commencing trading on The Toronto Stock Exchange under ticker “CASH.” 

CASH to invest in high-interest deposit accounts 

CASH will invest largely in high-interest deposit accounts with banks to maximize income per month for unitholders while preserving liquidity and capital. The ETF has a similar investment aim to Horizons Cash Maximizer ETF (“HSAV”), but unlike HSAV, CASH will pay out consistent monthly income distributions.

Interestingly, just like the Horizons Cash Maximizer ETF (“HSAV”), which debuted in February 2020, CASH also offers investors an ETF-based option to conventional savings vehicles such as high-interest savings accounts and GICs. However, the Canada Deposit Insurance Corporation or any other government deposit insurer ensures neither CASH nor HSAV. Instead, CASH is an exchange-traded fund that seeks to outperform other high-interest savings products by providing daily liquidity for Canadian dollar-denominated holdings.

Horizons ETFs CEO and President Steve Hawkins said, “Following the success of HSAV, which currently has more than $1.3 billion in assets under management, we’ve received demand for a cash savings ETF that pays out monthly distributions. CASH has many of the same characteristics as HSAV, however CASH is a traditional trust and has been designed to pay out monthly distributions, instead of reinvesting them, the way HSAV does.”

Horizons ETF to cap subscriptions after hitting $1.5 billion 

At the beginning of the year, Horizons ETFs revealed that HSAV would look to cap new subscriptions after exceeding $1.5 billion assets under its management. However, the suspended subscriptions period will not impact current HSAC shareholders looking to sell shares in a secondary market. 

Hawkins commented, “We wanted to ensure that Canadian investors continue to have a compelling low-cost cash-savings ETF option if we have to close HSAV to new subscriptions. CASH, with its industry-low management fee of 0.08%*, should allow our firm to continue to offer an attractive ETF option for investors looking to hold cash in their portfolio and earn a relatively attractive income compared to traditional bank savings accounts.”

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
Continue Reading

Trending Stories