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WeedMD Inc (OTCMKTS:WDDMF) Completes Harvest Of Outdoor Crop At Strathroy Facility: WeedMD Receives A License To Sell Cannabis Products

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WeedMD Inc (OTCMKTS:WDDMF) harvested cannabis outdoor crop on 27 acres at Strathroy facility, Ontario. It has to undergo processing and curing to eliminate harsh compounds and excessive moisture while retaining cannabinoids and terpenes. The company plans to harvest premium quality cannabis on 200 acres next year.

Enters commercial extraction operations

WeedMD has commenced the commercial extraction operation at the Aylmer facility. Health Canada awarded a license to allow WeedMD to manufacture and market topicals, edibles, and cannabis concentrates.

Chief Executive Officer of WeedMD, Keith Merker, said the company achieved a milestone by completing the outdoor harvest. Sitting with large amounts of cannabis, WeedMD sells the dried and other forms of cannabis in value-added formats in the coming days and quarters. It will emerge as a leader in the sale and production of cannabis extracts under economical production of the dried flower, and extraction business at the Aylmer facility.

CX Industries, a wholly-owned subsidiary of WeedMD, is capable to process 26,000 kgs of biomass every year with the recently commissioned extractor. The company will install the second Q-90 extractor rated for high throughput efficiency of CO2 in December 2019. It will install another two extractors next year. The annual extraction capacity at CX Industries would be 200,000 kgs of biomass. CX Industries and WeedMD would introduce innovative cannabis 2.0 products in January 2020 for Canadian customers.

Data-driven efficiency and transparency

WeedMD is added to the subscriber base of Strainprint Technologies. The company operates a 158-acre outdoor and greenhouse facility situated in Ontario. The annual production capacity of the greenhouse of WeedMD is over 20,000 kgs. The company also harvests an additional 20,000 kg of biomass at its Strathroy based outdoor cultivation platform that is based on 27 acres.

Senior Vice President (Marketing and Sales) of WeedMD, the main aim of working with Strainpoint is to ensure data-driven efficiency and transparency in the cannabis industry. It leverages the technology of Strainprint to bring high-quality cannabis products to the market.

WeedMD would announce Q3 results on November 28, 2019. CEO would host a conference call to discuss earnings at 10 AM on the same day.

BUSINESS

Amazon.com, Inc (NASDAQ:AMZN) CEO Jeff Bezos Rich Enough To Buy Any NFL Team

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Amazon.com, Inc (NASDAQ:AMZN) has gotten to its outstanding business success levels because of the good leadership of Jeff Bezos. The company’s CEO seems to be growing at almost the same level. Reports indicate that this leader can purchase almost anything he might want in the wide world. It is common for people to pay attention whenever a man of Jeff’s stature declares interest to purchase something.

The financial standing of Bezos

Bezos is the owner of The Washington Post, and almost everyone knows how successful it has become.

This time around, all eyes focus on the leader after he expressed interest in purchasing an NFL team.

This is not a fuss considering that he has already spoken to a number of the NFL owners. One of them is Daniel Snyder, who is the big name behind the Washington Redskins.

Reports also indicate that the CEO on Thursday expressed his interest in the purchase of the Seattle Seahawks.

Analysts’ perspective

Analysts have lately been speaking about the growing interest of Bezos in owning an NFL team. They think that this is highly likely considering how rich this entrepreneur is. He is currently worth $109.5 billion, which is enough to buy off any NFL team that may interest him at any time.

The Dallas Cowboys stands out as one of the most highly valued, and it is worth $5.5 billion. This is as per the Forbes rankings that have also placed Redskins at almost $3.4 billion. The same body says that Seahawks may stand at about $2.78 billion. From these details, it is easy to tell that this man could succeed in bagging any team he might want.

The CEO is rich, and that is a matter no one can dispute. However, to strike larger deals, he might be compelled to liquidate some of his assets. These include the multi-billion dollar homes under his name, among other investments.

The official also has many shares in Amazon, and he might also have to sell those whenever he wants to buy something of significant value. Analysts say that a huge deal of his wealth has come from a large number of shares that he owns at Amazon.

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Alphabet Inc (NASDAQ:GOOGL) Moves Into The Gaming Space With Its Stadia

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Alphabet Inc (NASDAQ:GOOGL) is proving to be one of the most dynamic companies around the globe. This is in terms of leading in innovation and the unveiling to high-quality goods and services. This time around it is about the unveiling of Stadia.

An outlook at Stadia

This is a major step into the gaming industry, and analysts say this might end up being Netflix in the gaming segment.

One of the most outstanding attributes of the new service is the freedom it poses to players. It won’t be necessary for them to have either a console or a hard copy to get in the game. This is a massive step that the company hopes to use to woo a significant number of players globally to its service.

Stadia pulls in with very strong momentum, and that is clear from a large number of games it will support. Some are even ready, and players will access them at what Google describes to be reasonable rates.

The situation in the market

The market is filled with rivals, and most of them are striving to take up leadership. This business guru knows it won’t be easy but still hopes to make it big.

Most of the rivals have been taking the perspective that the future of gaming lies in the cloud network. This is a shift in thinking where most people believed it could only function with hardware.

The competitors are busy carrying out tests on their products. For instance, Microsoft Corporation (NASDAQ:MSFT) is working on enhancing its Project xCloud service. On the other hand,

Amazon.com, Inc (NASDAQ:AMZN) is busy working on its cloud gaming service. However, this isn’t from a reliable source. Anytime soon, we may get to hear something about it.

Phil Harrison, who is the current head of Google Stadia, says that they are working on enhancing the technology. He believes that players need something quite close to reality.

Gamers will be required to pay an already set subscription bundle to play. There is the Premiere Edition at $129.99 pulling along with a Stadia controller. The others are free-pass and a Chromecast dongle. Those that subscribe will be free to let a friend play for free for about three months.

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Surna Inc (OTCMKTS:SRNA) Sets A New Record High In Q3 2019 Revenues: Surna Signs Control Accords For $687,000

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Surna Inc (OTCMKTS:SRNA) has set a new record high in Q3 2019 revenues. It has posted revenues of $5.5 million in Q3, an increase of 66% when compared to the same quarter last year. It is on the backdrop of revenue realization of $3.9 million from two expansion contracts executed with a multi-facility operator in the last quarter.

Chief Executive Officer of Surna, Tony McDonald, said the company is excited to report record profits and revenues consecutively in the second straight quarter. It will focus on profitability and growth going forward to offer rich dividends to the shareholders.

Signs seven control contracts

Surna is pleased to announce the signing of agreements for controls, Sentry IQ sensors, and automation platforms in Q3 2019, with two multi-facility operators for $218,000. The company also entered the other two agreements worth $295,000 for controls with independent cultivators. Surna strengthens its footprint in the automation and technology advancement of the indoor growth facility by improving controls business. The company has signed a total of seven control contracts valued at $687,000 through September 2019.

Custom ducted air handling system

Surna is pleased to deliver a custom ducted air handling system in June 2019. It acts as a substitute for improved and new ductless fan coil units. The ability to deliver high capacity air handling systems expects to bring in new opportunities for the company from multi-facility operators. Surna derived revenues of $2.27 million after it signed sales contracts for ducted air handling systems through September 2019.

Identifies business verticals

Surna expects to complement its climate control business that comprises cultivation management technology, fertigation, lighting, operational improvement analytics, and benches through its already identified business verticals. The company will rope in firms aligned with its strategic direction to enter alliances in co-marketing, reseller, distribution, and product development.

Strategic agreements may become acquisition targets in the future. Surna expects to maintain operating profitability (cash) consistently through the infusion of growth equity, acquisitions, and execution of the growth plan. It plans to get listed on NASDAQ in 2021.

Introduces purpose-built fan coil products

Surna introduced a complete purpose-built fan coil product line in August 2019. They find usage in ductless and ducted operations for large to small indoor cannabis facilities for commercial use.

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