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Glance Technologies Inc (OTCMKTS:GLNNF) Reports Second Quarter 2018 Results

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Glance Technologies Inc (OTCMKTS:GLNNF) has released its financial report for the second quarter ended May 31, 2018.

The second quarter was a difficult one for the company

In a statement, Desmond Griffin, the CEO of Glance said the second quarter came with a very difficult proxy content, but he thanked the shareholders for being patient and allowing the company to come out of the difficult moment. He added that the company came out of the contest in a much stronger position and is currently focusing on its long-term strategy. The strategy involves building capacity by improving its technologies. The company is also investing in growing an ecosystem of engaged users and merchants. Recently, the company instituted changes in its management as it focuses on embracing cost-effective and result-oriented business practices.

Financial results

During the second quarter, the company reported $229,000 in revenue compared to $127,000 that was reported in the second quarter of 2017. Out of the total revenue, application and service fees was $153,000, marketing revenue was $25,000 and licensing revenue was $51,000. The company has been reporting big fluctuations in its licensing revenue in the last few quarters. This is because a number of licensing agreements quoted large initial payments. These fluctuations are expected to continue in the future as new agreements are signed.

Operating expenses amounted to $3.9 million in Q2 2018, a big improvement from the $1.3 million that was reported in the Q2 2017. The increase in expense is a reflection of improved business in the last one year.

The company incurred $745,000 in software development cost in Q2 2018. This is a rise from the $130,000 in Q2 2017. The increase in the cost was as a result of expansion of software development team as well as the company’s move into the blockchain industry.

Other expenses in Q2 2018 were investor media and corporate communication expenses which amounted to $347,000. This is a big increase from the $150,000 that was reported in Q2 2017. It is however a drop compared to the $2.4 million that was reported in Q1 2018. The company had earlier indicated that it intends to reduce spending in that category.

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Puration Inc (OTCMKTS:PURA) And PAO Group (OTCMKTS:PAOG) Inks A Pact to Develop Cannabis Centric Applications Jointly

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Puration Inc (OTCMKTS:PURA) reached an agreement with PAO Group (OTCMKTS:PAOG) to develop cannabis-centric applications. As per the terms of the pact, PAO will distribute its common stock to the investors of Puration.

Puration shareholders will receive one share of PAO for each of their shares in Puration. FINRA is currently reviewing the share distribution to Puration shareholders. Both PAO and Puration are jointly working on the Farmersville brands project of Puration.

Hemp as an eco-friendly substitute

Puration is constructing a facility on a 70-acre plot with PAO’s help with a target to demonstratable and interactive education to highlight the benefits of hemp.  The company intends to show hemp as an eco-friendly alternative to the prevailing industrial services and products that damages the environment.

Hemp provides an environmentally sustainable substitute for lumber, textile, and plastic material sources. The demand for the textile industry across the world is valued at over $1 trillion.

The demand for wholesale lumber in the US alone is valued at $100 billion. Also, the overseas demand for plastic is more than $500 million. According to Puration, the industry has not fully understood the potential of hemp. As industries turn to eco-friendly alternatives, Puration sees an opportunity for hemp-based materials to safeguard the environment. Therefore, the company will utilize the Farmersville brand project to achieve its target. Puration intends to develop a cooperative network of hemp processors and producers to market services and products under the Farmersville Hemp brand.

The market for hemp-based products

Farmersville brand project, which stands on a 70-acre facility, will promote hemp-based product growth. The demand for hemp-derived products expects to surge to $15 billion by the year 2027. PAO also cooperates with Puration for managing indoor hemp growing facilities to produce pharmaceutical-grade products. The hemp brand strategy of Puration will benefit from the overall environmental initiative of Biden.

PAO to generate revenues from CBD

This year, PAO will generate revenues from the expansion of cannabidiol nutraceuticals. In the presentation, PAO provided details of its engagement with North American Cannabis Holdings, Inc, Puration, and Alkme Holdings, Inc.

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BENEFITS OF CBD

Benefits of CBD You Must Know

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CBD has been with us for hundreds of years, used by ancients as a natural remedy for a lot of common ailments. It is only one of more than a hundred chemical compounds found in the hemp or cannabis plant. CBD-infused products like CBD oil, CBD softgel capsules, CBD cream, and others have become appealing alternatives for people seeking relief.
CBD oil gets extracted from the hemp plant, then diluted with a carrier oil such as hemp seed or coconut oil. It’s fast becoming popular in wellness and health circles as an option in the treatment of chronic pain, anxiety, and other symptoms brought about by certain disorders.
The benefits of CBD
Because of CBD’s vast variety and reach, it’s used in various mediums of treatment. Like any other medication introduced to the body, your body needs time for adjustment. CBD can help with symptoms but don’t expect overnight results.
It’s generally recommended to use CBD between 30 to 60 days before witnessing any significant impact. If you decide to try CBD, here are some benefits to look forward to:
• Pain relief
Research has shown that CBD has analgesic properties. This means it’s effective for pain relief. When introduced into the body, CBD can impact the endocannabinoid system’s receptor activity resulting in the reduction of inflammation and the interaction with neurotransmitters.

• Stress relief
In this modern age, many people have experienced feeling overworked or over-booked and this affects their abilities to prioritize through the chaos. In simpler words, they feel stressed.

This is where CBD oil can help as using it can ease the anxieties and worries of everyday life. When used, CBD can calm the nerves which, in turn, allows us to focus more on the tasks at hand.

• Improve sleep
CBD may support our need for a deeper and more restful sleep by reducing chronic anxiety, pain, and the other challenges which prevent us from falling into a deep sleep. Its use can diminish REM sleep disorder too. REM during deep sleep paralyzes the body. This inhibits physical reactions to dreams.

• May help reduce depression and anxiety
Two of the most common mental health problems plaguing the world today are depression and anxiety, both of which can have a devastating impact on one’s health and well-being. Many have attested that the use of CBD oil as effective in the treatment of these disorders. Many are now showing interest in CBD as a natural approach to get back a semblance of normalcy in their lives.

CBD also has anti-depressant properties and these have been linked to its ability to act on the brain’s serotonin receptors, a neurotransmitter compound that regulates social behavior and mood.

• Improve the health of your skin
Today, we find so many lotions, body butter, and hydrating products available in drugstores but are these the right products to reach the moisture levels the body thirsts for? Maybe, but a sure option that can quench such thirst is CBD oil or CBD cream. This is a powerful topical which can help the skin maintain optimal skin moisture.

• It’s non-addictive
Another great quality of CBD is that it’s non-addictive. This means you can keep using the same dose in your treatment without worrying about feeling craving for more. As a matter of fact, the more you use it, the better the results. The body doesn’t build up a tolerance to CBD.
Speak with your doctor about using CBD
There’s continuing research on CBD’s potential role in alleviating pain and other symptoms of common health issues. It might even end up as a natural alternative in the treatment of pain. As research goes on, expect the discovery of new therapeutic and medical uses for this compound.
There’s much more to discover about the safety and efficacy of CBD products. But based on the most recent studies, it’s suggested that CBD may provide a powerful and safe treatment for several prevailing health issues. This is especially true if you purchase your CBD products from high-quality manufacturers like Greenleaf Farms.

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CBD and Rheumatoid Arthritis

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Numerous people suffer from arthritis or other types of rheumatic disease that cause joint pain, stiffness and decreased movement. These problems tend to become more severe over time. In addition to this, many sufferers also experience depression and anxiety. A number of sufferers are using CBD for rheumatoid arthritis and finding it has a positive effect on pain, inflammation and helps with their anxiety and depression.

Why does CBD work?

CBD, short for cannabidiol, is one of the cannabinoids found in the cannabis plant. The human body has an endocannabinoid system with CB1 and CB2 receptors. The CB1 receptors are found mainly in the brain and the CB2 receptors in the immune system.

The CB2 receptors are responsible for how your body reacts to pain and inflammation. Rheumatoid Arthritis involves your own immune system attacking your joint tissue. This relationship with the immune system may help to explain why CBD oil helps with the symptoms of rheumatoid arthritis. CBD impacts the CBD receptors indirectly by getting the body to make more of its own endocannabinoids. This has a positive effect on pain and inflammation responses.

The anti-inflammatory effects of CBD could help to slow down the progression of rheumatoid arthritis which can damage joints permanently over time. These effects could also help with other inflammation-related symptoms, such as fever and fatigue. Greenleaf Farm is a trusted supplier of CBD oil that helps to reduce inflammation.

What do the studies say?

The first controlled trial evaluating the use of cannabis-based medicine to treat rheumatoid arthritis was done in 2006. A cannabis-based medicine was compared with using a placebo in 58 patients over a period of five weeks. In comparison with the placebo, the CBS showed statistically significant improvements in pain on movement, pain at rest and the quality of sleep.

A number of studies have linked CBD to a reduction of the symptoms associated with depression. This is significant as individuals suffering from different types of arthritis are more prone to depression than the general population.

So far, the studies look very promising but larger human studies are still needed to fully understand the link between CBD oil and rheumatoid arthritis benefits.

How to use it

There are a number of ways to use CBD oil, such as taking it in capsules by mouth or adding CBD oil to your food or water. You can also buy a therapeutic CBD topical to apply directly to your skin to help with aching joints.

Greenleaf Farms supplies CBD soft gel capsules, a CBD oil and a CBD cream. It’s best to start with a minimal dose to see how your body reacts. If you don’t notice any side effects, you can slowly increase your dosage.

Is it safe to use?

As government regulations regarding the manufacture and sale of CBD are still lacking, you need to make sure you buy from a reputable provider such as Greenleaf Farms.

The risks associated with the use of CBD appear to be extremely low, according to many health experts. The National Institute on Drug Abuse says that CBD seems to be a safe drug without addictive side effects.

MedlinePlus indicates that CBD can sometimes interact with certain prescription medications, mostly those that change and break down in the liver. Another risk is that it can cause drowsiness so if you’re already taking medications to help you sleep or other medications that cause drowsiness, CBD could enhance the effects.

Is it legal?

Its legality depends on a number of factors such as your local laws, geographical location and whether there are other cannabinoids in the oil. Greenleaf Farms extracts its CBD from hemp which it grows in Southern California. All products extracted from hemp are completely legal in the U.S.

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