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Glance Technologies Inc (OTCMKTS:GLNNF) Promotes Some Of Its Officials To Expanded Positions

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Glance Technologies Inc (OTCMKTS:GLNNF) wants to make a few changes in its management. The plan is to promote two of its officials. One of them is Jonathan Hoyles and Lewisa Anciano. They will be taking up positions of Chief Commercial Officer & General Counsel and Chief People & Culture Officer respectively.

Recent promotions

Its current CEO is called Desmond Griffin. He is quite pleased by their latest move. He says Ms. Anciano will be taking the new position as CPCO with immediate effect. According to him, Ms. Anciano had been one of their finest brains. They had noticed it at a time she helped in the recruitment of top tier talent. She contributed a great deal towards the growth of the company making it rather competitive.

Griffin has sent out a congratulatory message to Mr. Hoyles. He outlined that it was a pleasure ushering him to his new position which was associated with greater responsibility. He remains optimistic that that the company will have quite much to gain from his elaborate experience and knowledge. The company is currently eying its commercial opportunities. And it is working hard towards the achievement of its set objectives. He said that he was closely following changes sweeping across the cryptocurrency and blockchain industries. He is looking forward to witness Jonathan’s contribution in his expanded role.

A closer outlook at the promoted officials

It was in the previous year that Ms. Anciano took up her first major role. She was in charge of the Human Resource department. Having worked with award-winning organizations, she is definitely well suited for her new role. She is well-educated with a Masters in the area of Organizational Management to show for it.

In his early stages in the company, Mr. Hoyles served as an In-House Legal Counsel. Earlier on, he served at Skidmore Group in one of the top positions. He has an elaborate working experience having served in a number of organizations. The official took his studies at Queen’s University and the University of New Brunswick, both of which are recognized and reputable educational institutions.

These two are looking forward to help the company sharpen its competitive edge.

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Golden Leaf Holdings Ltd (OTCMKTS:GLDFF) Posts Record Revenues Of $4.7 Million In Q1 2020

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Golden Leaf Holdings Ltd (OTCMKTS:GLDFF) reported an increase of 21% in revenues to $4.7 million in Q1 2020. Chalice farms contributed revenues of $3.1 million. The company adopted measures like reducing operational spending, improving warehouse efficiencies, and extending terms with the suppliers to realize better growth in Q1.

Achievements in Q1

Golden Leaf unveiled the RXO product line on January 8, 2020, leveraging its patented technology – Essential Innovations. The product is offered in Tanker, Shatter, and Vaporizer varieties. It will sell these innovative products in Washington, Nevada, and California using the partnerships for manufacturing established in Q1. Golden Leaf is experiencing growing demand for its Fruit Chews in both retail and wholesale channels.

Inks an accord to takeover Tozmoz

Golden Leaf inked an accord to take over one of the leading cannabis extractors in Oregon – Tozmoz on February 3, 2020. Established in 2015, Tozmoz provides extraction processes like ethanol, hydrocarbon, and Co2 for wiped film and short path distribution. Its additional services include packaging services, product formulation, and manufacturing.

Commenting on this deal, Jeff said the company is working with Tozmoz for several years now, and this takeover squarely fits into its business strategy. The acquisition allows the company to build and expand its product line. Golden Leaf acquired all the assets like a facility based in Clackamas of Tozmoz for $2.8 million.

Post takeover, Tozmoz co-founders – Jerry Wallis and Joel Klobas, will continue to offer their services to Golden Leaf. Also, Golden Leaf will employ Klobas as its Vice President (manufacturing). Jerry will provide consultancy services to Senior Vice President (operations) and Vice President (production).

To tackle the upcoming coronavirus crisis, Golden Leaf expedited the unveiling of home delivery service on March 20, 2020. Golden Leaf signed a product distribution and manufacturing accord on March 13, 2020, with Sugar Pine for the manufacture of marijuana-infused products.

CEO of Golden Leaf, Jeff Yapp, said the company appointed John Ford to ensure distributional and operation growth by implementing best standards and practices. Golden Leaf has given the charge of Interim Chief Finance Officer to its president ‘Stanley Grissinger.’

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Cresco Labs Inc (OTCMKTS:CRLBF) Posts Revenues Of $66.4 Million In Q1 2020 On Improved Retail Efficiencies And Cultivation

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On improved cultivation and efficiencies in retail in Pennsylvania and Illinois, Cresco Labs Inc (OTCMKTS:CRLBF) has realized earnings of $66.4 million (up 60%) in Q1 2020.

Accomplishments

Cresco completed the cultivation facility on April 16, 2020, in Lincoln, Illinois, and added 180,000 Sq. Ft. of greenhouse and indoor space. The overall cultivation space of Cresco surged to 215,000 Sq. Ft. in all the three facilities in Illinois.

Cresco also completed an additional cultivation space of 66,000 Sq. Ft. on May 7, 2020, in Pennsylvania and improved the capacity by almost four times. The company inaugurated adult-use dispensary based in downtown Chicago on May 28, 2020.

Developments in California

Cresco has taken over CannaRoyalty Corp, which is conducting business as Origin House, on January 8, 2020. The acquisition helps the company to enter in the Californian market and enhance its presence. Co-founder and CEO of Cresco, Charlie Bachtell, said the acquisition of Origin House catapults Cresco into the legalized cannabis markets worldwide. It will also gain expertise in brand development and wholesale distribution and improve dividends for the shareholders going forward. He also said the skilled indoor cultivation arm of Origin House helps the company outperform the market in terms of yields and quality metrics.

Following the takeover, Cresco will induct CEO and Chairman of Origin House, Marc Lustig, into its director board. The appointment is subject to the receipt of regulatory approvals in the US. Cresco can now sell its products to more than 575 dispensaries and account for 60% of storefronts in California.

In California, the company unveiled Mindy’s edibles on February 4, 2020. These edibles boast quality and unique ingredients together with iconic flavors. Mindy’s also introduces its best selling gummies in six flavors in California.

Obtains legal approval to acquire Hope Heal Health

Cresco signed a pact to take over Ohio based four operating dispensaries on May 26, 2020. In New York, the company opened 4 Sunnyside dispensaries on February 27, 2020. The company also mobilized funds and obtained legal clearance to takeover Massachusetts based Hope Heal Health on February 7, 2020.

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Helix TCS Inc (OTCMKTS:HLIX) Posts Revenues Of $4.6 Million In Q1 2020

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Helix TCS Inc (OTCMKTS:HLIX) improved Q1 2020 revenues by 35% to $4.6 million. The software has contributed revenues of $2.8 million (up 30%). The company extended several state contracts in Q1 to boost revenues. It also extended the global presence to the Netherlands and South Africa.

Signs a pact with Hypur

Helix signed an accord with Hypur Inc to help each other’s clients’ networks by providing financial capabilities and operational logistics. Cannabis businesses can benefit from these two companies to maintain compliance and satisfy the evolving conditions like delivery and curbside pickup and meeting the growing demand from customers.

CRO of Hypur, Tyler Beuerlein, said the company will continue to establish partnerships to provide sophisticated technology, and resources to Cannabis companies to improve their businesses.

Convenient Payment Systems

Hypur will provide digital payment products to the cannabis retailer network of Helix BioTrack. Cannabis businesses can enter an alliance with Hypur and use its digital Hypur Pay system and provide a convenient and safe payment system.

The compliant and reliable technology of Hypur minimizes cash handling and eliminates the need to visit an ATM. It prevents physical contact at the checkout and protects from coronavirus risk. Therefore, customers can use contactless payment system of Hypur for curbside pickup, delivery, and in-store purchases.

Chief Operating Officer of Helix Biotrack, Moe Afaneh said its team is skilled in providing an easy to use experience for the cannabis businesses because several merchants are incorporating changes given COVID-19 pandemic.

Extends two traceability contracts in North Dakota and New York

Helix Biotrack extended the two government traceability contracts in the states such as North Dakota and New York. The company introduced the next version of traceability services in New Mexico and Arkansas. Helix also plans to deploy sophisticated patient registers. Over 99.99% of uptime record is maintained in the solution offered by Biotrack. Best-in-class security features are incorporated in traceability software.

New Mexico and Arkansas have installed patient registry solutions that comprise portable patient ID cards and online application/ control. Both the states will provide hassle-free service for patients, improved approval time, and lower costs.

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