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Kalytera Therapeutics Inc. (OTCMKTS:KALTF) In Need of Cash To Offset Milestone Payments Obligation

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Kalytera Therapeutics Inc. (OTCMKTS:KALTF) has had to venture into the debt market in a bid to raise much-needed funds to pay off milestone payments owing to the acquisition of certain programs from Talent Biotech’s Limited. Early last year, the development CBD therapeutics company got access to some programs through the purchase of Talent.

Milestone Payments Obligation

Under the terms of the agreement with former Talent Shareholders, the company was required to make certain contingent payments upon achievement of certain milestones such as the issuance of essential patents.

In April, the United States Patent and Trademark Office issued a patent covering the use of CBD for the treatment of severe and refractory GVHD. In May, the agency also issued another license covering the use of CBD for the prevention and treatment of chronic forms of GVHD.

With the issuance of the two patents, Kalytera Therapeutics is obligated to make payments to the former Talent Shareholders as part of the agreement agreed last year. The CBD therapeutics company is now required to make payments of up to $2 million for each patent which amounts to a total payout of $4 million.

Kalytera Offering

Kalytera has so far paid $50,000 to the former shareholders. In a bid to raise the remaining finances the company is currently marketing units made up of the company’s common share and purchase warrant. Each unit on offer is priced at $0.11 with the company optimistic of raising between $3 million and $10 million as part of the offering. Echelon Wealth Partners has been tasked with the responsibility of conducting the offering.

The company is obligated to make a minimum payment of $1.5 million upon closure of the ongoing offering, which is set to close on July 31, 2018. The company has reached an agreement with the former Talent Shareholders to defer a portion of the milestone payments.

Kalytera has been a disappointment for the better part of the year having already shed more than 70% in market value in the market. The stock is currently trading in a downtrend and dire need of new catalysts if it is to bottom out from current lows.

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BUSINESS

Sipp Industries Inc (OTCMKTS:SIPC) Will Unveil Blue Bear Vodka In 750 ML Bottles In March 2021

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Sipp Industries Inc (OTCMKTS:SIPC) enters the cannabis beverages and spirits space. The company will introduce Blue Bear Vodka in March 2021 in 750 ml bottles.

Approves label for Blue Bear Vodka

Its ingredients include craft vodka, which is distilled from cane, and 40% volume. The company received approval for the Blue Bear Vodka label. It will commence production on finalizing packaging.

Sipp Industries is in talks with the national distributors of Elite Beverage and local distributors to distribute Blue Bear Vodka. The new product will be available at both offline and online stores.

Sipp Industries is in touch with Alcohol TTB (Tobacco Tax and Trade Bureau) and the US FDA to get approval for its CBD Beer recipe. It expects approval on receiving clarity from the government this year. With evolving favorable cannabis laws, the company expects quick approval for its recipe in 2021.

Strong interests in non-alcoholic beers

Sipp Industries is also in discussions with its partners to develop non-alcoholic beers infused with THC and CBD and plans to capitalize on the growing demand for cannabis-infused beverages. It can target these innovative products at Southwest region-based medical marijuana dispensaries. The company already received strong interest in these innovative products from several dispensaries.

Will work with Green Cures

Sipp Industries will also work with Green Cures (Green Cures and Botanical Distribution) and Elite Beverage for wider distribution of Contagin and Tequila Comisario.

Adds new CEO

Sipp Industries inducted Nick Pelletiere as CEO in August 2020. The company focused on developing and improving premium brands in the spirit space and hemp-infused beers. To prevent the spread of coronavirus, Sipp Industries temporarily stopped hemp-infused IPA beer sale and production.

The company focused on manufacturing non-alcoholic and alcoholic beverages to compensate for the loss caused due to halting the production and sale of hemp-infused beers. It will sell these products through online and retail channels.

Acquires a stake in EBI

Sipp Industries purchased a stake in EBI (Elite Beverage International) from Wanderport Corporation as part of its decision to expand its portfolio. EBI engages in the import and manufacturing several alcoholic beverages that comprise Tequila Comisario, its flagship product.

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Slang Worldwide Inc (OTCMKTS:SLGWF) Announces Availability Of O.pen Cured Resin To The Medical Patients In Florida

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Strengthening its existing relationship with Trulieve Cannabis Corp (OTCMKTS:TCNNF), Slang Worldwide Inc (OTCMKTS: SLGWF) introduced O.pen Cured Resin products to the medical patients in Florida.

CEO of Trulieve, Chris Driessen, said the company established itself as a vital player in offering premium and best cannabis products in Florida. The company is pleased to bring more products to satisfy medical patients’ needs in Florida using its relationship with Slang.

Top performing products

O.pen cured resin, the premium vape line, is one of the best performing products. Chris said he expects similar demand for O.pen Cured Resin products at its dispensaries from Panhandle to Key West. Slang also offers cartridges and O.pen Cured Resin batteries.

The medical cannabis customers in Florida can purchase O.pen Cured Resin products from 73 licensed dispensaries of Trulieve. O.pen Cured Resin is available in half-gram size. It comprises terpenes derived from pure cannabis to offer a flower-like experience to the consumers. Slang also plans to expand its product offerings to additional key markets.

Reliable and safe formats

CMO of Trulieve, Valda Coryat, said providing natural relief in safe, innovative, and reliable formats to the patients is its key objective. He is excited to expand the product to consumers and patients, who expects premium and best-in-class products at affordable rates from its dispensaries.

According to BDS Analytics, O.pen Cured Resin is the best-selling product and occupies the US’s second slot. The end users can enjoy the best class vape experience because these terpenes are derived from high-quality cannabis.

Signs a partnership deal with Merida Capital Holdings

Slang entered a pact with Merida Capital Holdings to expand its products in both the new and existing markets. It also announced Merida-led non-brokered private placement to mobilize CAD 10 million to support growth.

EC of Slang, Peter Miller, said entering a pact with Merida, a US-based cannabis investor, exemplifies its business strength and surging demand for its cannabis product line. He further said that the investment from such a strategic partner helps the company introduce more innovative products to new consumers.

Slang will expand its product line into Virginia and Missouri, leveraging the portfolio of Merida. The deal also helps the company to expedite its distribution in Michigan. As per the pact terms, Merida will acquire Slang’s common shares besides receiving compensation for accomplishing certain milestones.

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SinglePoint, Inc (OTCMKTS:SING) Takes Over EnergyWyze, LLC: Gets Control Of Direct Marketing And Digital Assets And Improve Lead Generation Capabilities

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SinglePoint, Inc (OTCMKTS:SING) acquired EnergyWyze, LLC. The company gets access to direct marketing and digital assets. It can also enhance its lead generation capabilities with this takeover.

President of SinglePoint, Wil Ralston, said the company is pleased to add the expertise and assets of EnergyWyze into its fold. He further said the amalgamation strengthens its lead generation capabilities, improves its solar ancillaries’ value, and promotes growth. Both contractors and homeowners can enjoy an improved solar installation experience by utilizing the services of EnergyWyze.

A group of experts with expertise gained from developing solar leads and acquisition experience is heading EnergyWyze. Solar system accounts for just 4% of the solar addressable markets for residential needs in the US.

Solar installations at reduced rates

SolarPoint targets to improve the customer conversion rate by reducing the installation costs. The team of EnergyWyze is pleased to combine its forces with SinglePoint in creating a renewable and solar energy platform in the US.

EnergyWyze engages in offering qualified leading appointments to leading solar installation companies across the nation. The customer-centric focus of EnergyWyze offers solar installation companies and homeowners a value add service.

SolarPoint completed the remainder of the convertible secure notes with UAHC Ventures and Iliad Trading Company. As a result, it eliminates all the derivative debt from its balance sheet.

Ralston said the company is committed to enhancing shareholder value. He also said closing the external debt and strengthening the balance sheet will position SinglePoint to focus on expansion opportunities and improve growth in solar-centric solutions and alternative energy.

Owning a solar rooftop is now affordable compared to previous years. It improves the conversion of homeowners to solar energy for their home energy needs.

Hires JTC Team

SinglePoint engages JTC Team LLC for corporate communication advisory services and strategic investor relations. It is pivotal because the company focuses on building high-quality renewable energy solutions. JTC will play an important role in enhancing the potential of SingePoint and improve its awareness.

CEO of the JTC team, Jenene Thomas, said SinglePoint put in considerable efforts to become a leader in offering economical renewable energy solutions for the common man. The company is excited to work with the management at SinglePoint and provide corporate communications strategy and investor solutions.

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