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Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) Reports Revenues Of $3.25 Million In Q4 2019

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Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) has reported revenues of $3.25 million from European and Canadian operations in Q4 2019. The newly introduced CBD topicals and other products in Europe contributed to the sales of $2.56 million. Also, limited manufacturing from the Ancaster facility contributed to the sales in Q4.

Unveils a strategic plan to reduce financing requirement

Green Organic has unveiled a strategic, operating, and construction plan to reduce financing requirements. It is in line with the need to calibrate the cultivation facility construction for Canadian market conditions. The company has demarcated the construction of its Valleyfield facility into small phases. It keeps the options open for the expansion based on the market requirements.

Expands distribution footprint in Canada

Green Organic has significantly expanded the distribution footprint in Canada. The company has received several orders from the cannabis boards of Manitoba, Nova Scotia, Newfoundland, British Colombia, Alberta, and Saskatchewan. It also unveiled two cannabis strains in Ontario.

Health Canada Grants license amendment

Health Canada has granted a license amendment to Green Organic to commence the cultivation operations in two zones at Valleyfield facility. Green Organic also arranged a bought financing deal for $27.6 million. It also arranged a senior secured first line credit facility for $27.7 million with a commercial lender. The company doesn’t need to pay the principle in the first twelve months.

In the second tranche, the company will receive funds of $15 million on achieving certain operational milestones and on getting the nod of the credit committee of the lender. The company issued 7 million common share purchase warrants to the lender. It will also look for other financing options to meet operational needs.

Developments after Q4

Health Canada has granted a research license to Green Organic. The license is valid for five years and allows the company to accelerate the development of new products. It also helps the company to achieve economies of scale and reduces the dependency on third parties.

The Canada Organic Trade Association has awarded a ‘Leadership in farming’ award. It also began the sale of infusers. Chief Executive Officer of Green Organic, Brian Athaide, said the company achieved significant progress in 2019 despite challenges for the cannabis sector.

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Cure Pharmaceutical Holding Corp (OTCMKTS:CURR) Receives A Chinese Patent To Load High Amounts Of Active Drug On Oral Thin Film To Cure ED In China

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Cure Pharmaceutical Holding Corp (OTCMKTS:CURR) is pleased to announce the receipt of a Chinese Patent No. ZL201480039313.6. The new patent allows the company to load a high amount of active drug on a soluble thin film using its drug delivery system to cure erectile dysfunction in China.

Demand for erectile dysfunction treatment

Cure Pharmaceutical shall deliver Viagra through oral administration using its CUREfilm Blue to treat ED in China. The demand for erectile dysfunction treatment expects to reach $6.5 billion by the year 2025. Chief Executive Officer of Cure Pharmaceutical, Rob Davidson, said the receipt of vital Chinese patent helps its global commercialization efforts for CUREFilm Blue and other drugs that will be delivered using this technology. Cure Pharmaceutical targets CUREFilm Blue at Asian markets, mainly China, where high demand for ED exists.

According to QY Research, Asia Pacific is one of the fastest-growing markets for the medicine to treat ED. Viagra accounts for half of global sales. The Chinese patent covers innovative methods of preparing edible thin films, which helps to deliver higher dosages of active ingredients. Cure Pharmaceuticals could differentiate its thin-film products from other oral soluble films that deliver sildenafil.

Signs a collaboration accord with Vanguard Scientific

Cure Pharmaceutical has signed a collaboration and license agreement with Vanguard Scientific Systems Inc. With this licensing agreement, Vanguard can get access to the Cure Pharmaceutical’s cannabis extraction methods. It improves the confidence to customers in using Vanguard’s extraction manufacturers.

Davidson said the agreement provides operational freedom to Vanguard, which is a leading player in the supercritical fluid extraction methods, to maintain pharma-grade standards using the licensing strategy of Cure Pharmaceutical. It will collaborate with Vanguard for expanding the patent to cover the latest advances in the field.

Vanguard could make use of the Cure Pharmaceutical’s issued and pending process as well as composition patents to separate cannabinoids with the help of supercritical fluid extraction technology. The isolation of cannabinoids is established using the solvent – Carbon dioxide.

The patent allows the insertion of cannabis extracts in various dosage forms. However, Cure Pharmaceutical reserves the right to apply these techniques in an oral film. Chief Executive Officer of Vanguard, Matthew Anderson, said his customers will enjoy peace of mind when choosing extraction solutions of Vanguard.

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Novus Acquisiti (OTCMKTS:NDEV) Reports Revenues Of $57,862 In Q4 2019

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Novus Acquisiti (OTCMKTS:NDEV) has reported robust revenues of $57,862 in Q4 2019. It is an increase of 17.2% when compared to the same period last year. The company has posted revenues of $219,240 in 2019. It represents an increase of 22% when compared to the previous year.

Improves In-network providers

Chief Executive Officer of Novus, Frank Labrozzi, said the company demonstrated continued growth in 2019 and expects to continue the same momentum in 2020. It sees an increase in the commercialization of the Cannabis Health Plan and expects to record phenomenal growth. In nine states, which legalized THC, the company has improved its In-Network providers.

Uninsured Non-Elderly Americans

Novus expects continued growth for its plans from uninsured and non-elderly Americans. It expects a total of 30 million from this segment. Several people in this bracket are uninsured and spend over one-third of the money from their pockets in the whole year. Novus has a presence in states like Illinois, Colorado, Nevada, Arizona, and California in which the uninsured rates 10% or higher. Many people in these states are uninsured because of the cost of health insurance is very high.

Expanding network of THC providers

Novus is expanding its network of THC providers that services its members/ patients in areas offering state-wide and city-wide delivery options. The providers of CBD offer delivery of CBD nationwide.

Signs an MGA agreement with Healthfield Solutions

Novus has announced the signing of an MGA accord with Healthfield Solutions, LLC, to sell its Cannabis Med Plan. Apart from marketing Novus Cannabis Med Plan along with its life, dental and supplemental health plans, Healthfield also trains its 1,600 agents. Its client base is more than 250,000.

Cannabis companies engaged in the cultivation and extraction are under pressure from the shareholders to increase profitability. Novus helps such companies with its tailored health plans say usage-based health plans. The companies can offer discounts/ rebates to the customers using Novus tailored health plans. Therefore, Verticals can offer affordable cannabis meds to their members and improve volumes and maintain higher profits.

Novus offers two plans: 1) offer a higher discount and also increase cannabis list price, 2) a higher markdown, and earn less money on cannabis meds sale. Most of the Verticals select the first plan to improve their margins.

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Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) Reports Cash And Cash Equivalents Of $70.1 Million In 2019: Zynerba Reports Net Loss Of $10.7 Million in Q4 2019

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Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) has reported a net loss of $10.7 million in Q4 2019. Its cash and cash equivalents in 2019 are $70.1 million. According to the management of Zynerba, cash and cash equivalents are sufficient for the working capital and operational needs. The company will use the funds for the potential approval of Zygel and beyond the NDA submission. It ended Q4 2019 with strong execution.

Zynerba expects to report topline results in Q2 2020

CEO and Chairman of Zynerba, Armando Anido, the company expects a promising outlook for the rest of this year and into next year with several shots in the pipeline. The company is well poised to report topline results for the CONNECT-FX trial of Zygel in Q2 2020 in patients suffering from Fragile X syndrome.

Enrolls 212 patients for pivotal FXS trial

Zynerba has enrolled 212 patients for the CONNECT-FX trial. The company will evaluate the safety and efficacy of the Zygel in curing common behavioral symptoms of FXS in a placebo-controlled trial. It expects to report better than expected results in Q2 2020. On obtaining the positive results, Zynerba will request a meeting with the US FDA to apply for New Drug Application (NDA) considering the clinical data. It will seek the advice of the FDA for commercialization of the drug. The company would submit the necessary data to the US FDA for Zygel in FXS in Q2 2020 and expects approval in the mid-2021.

Enrollment in an open-label extension study

Zynerba has informed the caregivers of the patients that their participating kid could enroll in the open-label extension trial subject to the compliance of the child to the CONNECT-FX completion. It is irrespective of the perceived response of the child or actual blinded drug assignment in CONNECT-FX randomization. After completing the 14-week blinded CONNECT-FX trial, 158 patients are enrolled in an open-label extension study.

Recruits vice president

Zynerba has recruited Paul M. Kirsch as the Vice President (Regulatory Affairs and Quality Assurance). He will contribute 30 years of experience in regulatory affairs at companies that comprise Teva Pharmaceuticals, Iroko Pharmaceuticals, Cephalon Inc, and Trevena Inc.

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