Monday, April 29, 2019

Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Moves to Expand Cannabis Retail Presence with Vancouver’s City Cannabis Corp.

  • Wildflower Brands’ announcement of plans to acquire City Cannabis Corp. represents the latest step in Wildflower’s international expansion
  • City Cannabis is only the company with multiple licenses in British Columbia, and the only BC-based retailer to go public
  • The proposed acquisition represents a major opportunity to gain exposure to the Canadian consumer market, as City Cannabis anticipates operating stores across Canada
The recently announced LOI (http://nnw.fm/uGJ04) for the acquisition of Vancouver-based licensed cannabis retailer City Cannabis Corp. by wellness brand builder Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) is a major step for Wildflower. The move points to the potential of a Canada-wide retail presence with City’s own plans for retail expansion. Vancouver news outlet BIV noted that City Cannabis — termed Vancouver’s “first legal cannabis boutique” — expects to eventually operate 20 to 30 stores across the country (http://nnw.fm/eZV19). Wildflower already sells various CBD products throughout the U.S., and this latest announcement is seen as one part of Wildflower’s ongoing strategy to build itself as an international player in the global cannabis market.
City Cannabis is a cannabis retailer holding two of the three City of Vancouver licenses to sell cannabis, and it is the only company with multiple licenses in the Province of British Columbia. It is also expected to be the only BC-based cannabis retailer to go public. In addition, the company currently has multiple cannabis retail license applications submitted in the provinces of British Columbia and Alberta.
In a news release, William MacLean, Wildflower’s CEO, commented, “City Cannabis and Wildflower are the perfect combination of premier products and a premier consumer retail experience. City Cannabis’ retail consumer data and insight will help shape development of Wildflower’s product line-up while the retail expertise of City Cannabis will aid Wildflower in its retail expansion.”
Krystian Wetulani, City Cannabis’ CEO, added, “Wildflower has a tremendous team that has developed several prominent cannabis brands and we are excited to join with them to bring their branding and marketing expertise to City Cannabis as we expand into the Canadian regulated market.”
For more information, visit the company’s website at www.WildflowerBrands.co
NOTE TO INVESTORS: The latest news and updates relating to WLDFF are available in the company’s newsroom at http://nnw.fm/WLDFF
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NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) Funding Alliance Boosts Global Hemp/CBD Auction Platform

  • Redfund Capital is focusing the power of its equity financing and debt financing business incubation model toward flourishing cannabis industry startups
  • The company is labeling its recent investment in the international Cannabis Mercantile Exchange (“Cannamerx”) auction platform as “one of our most strategic growth alliances”
  • Cannamerx is gaining a growing clientele in the hemp and CBD industries, noting recently that it had clients listing 1.5 metric tons of hemp biomass for auction
  • The global hemp market is forecast to reach $5.7 billion in revenues by 2020
Enterprising Canadian finance firm Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) is strengthening its business incubation model through equity financing and debt financing in the emerging cannabis industries, announcing recently that it will partner with the Cannabis Mercantile Exchange (“Cannamerx”) as Cannamerx rolls out the first international global hemp and cannabidiol (CBD) auction platform.
Redfund’s focus on accelerating revenue-producing companies by helping them fund their efforts to get to the next level without giving away equity prematurely has proven a natural fit for rising businesses in the cannabis space as cannabis products gain new social and regulatory acceptance worldwide.
Redfund Capital extended funds to three cannabis companies during the year’s first quarter — RxMM Health, Mary’s Wellness Ltd. and Winterlife Inc. — and it has established a new investment in Wahupta Ventures Inc. (http://nnw.fm/hXL4P), as well as recent funding for the Cannaki Beverage Company (http://nnw.fm/ay9Tx).
The Redfund-Cannamerx alliance announced on March 20 (http://nnw.fm/kL3hI) that it will provide the fully automated business-to-business (B2B) international auction platform with funding to establish its business model and build its global footprint of clientele for wholesale cannabis and cannabis products. On the heels of the announcement, the companies reported that they had listed 1.5 metric tons of hemp biomass for auction (http://nnw.fm/BCz9o) on what the companies label “the first international global Hemp/CBD auction platform” and the Midas Letter labels a “B2B eBay” for the cannabis industry (http://nnw.fm/E4zhJ).
Cannamerx is drawing hemp clients in Canada, the United States and Europe and is in the process of seeking CBD labs in the United States that it can work with for trade in that country.
“The hemp revolution has begun in North America,” Redfund CEO Meris Kott stated in a news release. “We are excited to help Cannamerx create a global path for many of these companies to trade Hemp/CBD internationally and become cash flow positive at a much quicker pace, decreasing their sales and marketing expenses and removing the ‘middleman’ thereby increasing net revenues. By next fall, we are hopeful CBD edibles will be federally approved and licensed in Canada with Cannamerx’s platform providing the raw materials to licensed LPs, who need hemp.”
Kott added, “Investing in a working cannabis auction platform in the sector is a game-changer. Cannamerx has the ability to connect European buyers with Canadian licensed sellers and South American licensed producers can with a click of a mouse list their products placing reserve prices to the rest of the world. There are many technology marketing plans to connect the world but Cannamerx have already established themselves as the go-to platform. Redfund recognizes that this is one of our most strategic growth alliances.”
Kott added (http://nnw.fm/9SFfv) that the company’s strategy is to develop a portfolio of 20 companies with $75 million in loans to businesses that have “commonalities of revenues, brand awareness, and a keen interest to go global with their products.” This includes a drive to diversify Redfund’s investments in Canada and other countries, building an international footprint with established companies and introducing companies to Canada as a viable location for public listings.
Redfund cites a New Frontier Data market forecast predicting that the global hemp market will reach $5.7 billion in revenues by 2020, attributing the growth mostly to Chinese textiles, European industrials, Canadian foods and the hemp-derived CBD product market in the United States. Drug store outlets Walgreens Boots Alliance Inc. (NASDAQ: WBA) and CVS Health Corp. (NYSE: CVS) exemplify the market expectations, announcing during the final week of the quarter that they will begin offering CBD products in select states (http://nnw.fm/x12HP).
For more information, visit the company’s website at www.RedfundCapital.com
NOTE TO INVESTORS: The latest news and updates relating to PNNRF are available in the company’s newsroom at http://nnw.fm/PNNRF
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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With Run for the Unicorns, Kentucky Mixes its Bourbon with Blockchain

At upcoming networking and tech conference Run for the Unicorns, Kentucky’s fine bourbon will be mixed with more than just soda or ginger ale. As well as the Kentucky Bourbon Trail and Kentucky Bourbon Trail Craft Tour, this year, the spirit leads to blockchain. The technology will be featured in Run for The Unicorns, a forum focused on the future, particularly the convergence of blockchain and gaming/virtual reality technologies (http://nnw.fm/83wOu). The event will be held from April 29 to May 4, 2019, to coincide with the Kentucky Derby Festival, which culminates with the Derby – “The Fastest Two Minutes in Sports” – on Saturday, May 4.
The Kentucky Bourbon Trail, now in its 20th year, tours Kentucky’s top-line distilleries, which, at present, include Angel’s Envy Distillery; Bardstown Bourbon Company; Evan Williams Bourbon Experience; Four Roses Distillery; Heaven Hill; Jim Beam American Stillhouse; Lux Row Distillers; Maker’s Mark; Michter’s Fort Nelson Distillery; Old Forester Distilling Co.; O.Z. Tyler; Rabbit Hole Distillery; the Stitzel-Weller Distillery; Town Branch; Wild Turkey Distillery; and the Woodford Reserve Distillery. Kentucky is home to dozens more whiskey manufacturers, some 13 of which are craft distilleries. The rise of specialty distilleries prompted the Kentucky Distillers’ Association (“KDA”), which hosts the Bourbon Trail, to expand the Bourbon Trail franchise in 2012 to include a separate ‘Craft Tour’ focused on craft distilleries.
Andrew Prell, CEO of Convergence and event organizer of Run for The Unicorns, thinks that the Kentucky Derby Festival has an economic potential on par with that of the South by Southwest (“SxSW”) extravaganza held annually in Austin, Texas. Attended by about 200,000 people over 10 days, SxSW generates an estimated $315 million in economic activity, or $1,575 per capita, while the Kentucky Derby Festival, which attracts 1.2 million visitors over two weeks, creates just $128 million, or $106 per capita. Moreover, the annual SxSW conference and festival is credited with putting Austin ahead of Silicon Valley as an incubator for tech startups. As such, Run for the Unicorns could be the start of something big. See and be there – April 29 to May 4, 2019.
For more information, visit the event’s website at www.RunfortheUnicorns.com
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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Kontrol Energy Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8) Provides Energy-Efficiency Solutions, Technologies in Burgeoning Cannabis Sector

  • Kontrol Energy Corp. grew its revenue run rate from $1.8 million to $16 million over the past two years
  • The company has a foothold in various industries, promising energy-efficiency solutions to help customers achieve green goals
  • Kontrol has secured contracts to provide services to licensed producers in the Canadian cannabis sector
  • The company recently announced the upcoming release of its 2018 financial results
Kontrol Energy Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8), a leader in the energy-efficiency sector, is working to reshape the way consumers use, manage and strategically allocate resources. The company has taken root in myriad industries and promises to help customers realize their energy-efficiency goals.
Through Kontrol’s innovative solutions, customers can leverage more control over their energy consumption as they see immediate and real-time energy savings. Currently, the Kontrol Energy group of companies saves its customers more than 40 million kilowatt hours of electricity annually while also helping to reduce greenhouse gas emissions (http://nnw.fm/QI2Pe).
Kontrol has seen incredible growth in its revenue run rate over the past two years, growing from $1.8 million to $16 million. This growth is due in large part to the company’s dedicated focus on a strong acquisitions strategy and concentrated effort to foster organic growth. Additionally, the company’s presence in multiple industries has allowed it to diversify efforts. These industries include commercial buildings, multi-residential buildings, commercial cannabis, utilities, manufacturing and education.
As Kontrol offers its integrated energy-efficiency solutions and technologies to the thriving cannabis industry, it continues to seek new ways to deepen its reach. To date, Kontrol has secured two contracts to provide energy-efficiency services to licensed producers in the Canadian cannabis sector. The Canadian medicinal marijuana industry alone was valued at C$400 million in 2017, and Canadian bank CIBC expects this figure to grow to C$6.8 billion by 2020 in the wake of Canada’s full legalization (http://nnw.fm/nS6Yz). Kontrol’s leadership team realizes the revenue potential of the cannabis industry, as it is an industry fully dependent on large amounts of low-cost energy to be successful.
Kontrol has much to offer licensed producers (“LPs”) in this regard. Its energy solutions and technologies provide real-time energy monitoring, allowing LPs (http://nnw.fm/e0lQa) to “reduce waste and increase system reliabilities” by detecting “inefficiencies and areas of improvement,” thus ensuring higher yields and more lucrative crop harvests. Additionally, Kontrol’s technologies “identify high return energy retrofits and distributed generation upgrades,” helping companies improve their energy consumption. Lastly, the company helps customers “comply with energy and water disclosure laws” by providing “customized granular energy data and historical reports.” Kontrol’s menu of energy-analytics solutions and technologies enable customers to meet their energy efficiency goals while also obtaining air quality and emission compliance.
The company recently announced that it will release its fiscal 2018 financial results for the year ended December 31, 2018, on Tuesday, April 30 (http://nnw.fm/AsLv6).
For more information, visit the company’s website at www.KontrolEnergy.com
NOTE TO INVESTORS: The latest news and updates relating to KNRLF are available in the company’s newsroom at http://nnw.fm/KNRLF
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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Sproutly Canada Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) Set to Capitalize in Cannabis Sector with Proprietary Water-Soluble CBD Formula

  • The cannabis beverage market is estimated to exceed $4 billion by 2022
  • Sproutly is focused on becoming the leading supplier of water-soluble cannabis solutions and bio-natural oils to the emerging beverage and consumables market
  • Company has exclusive rights to Infusion Biosciences’ APP technology in Canada, Australia, Israel, Jamaica and the European Union
Sproutly Canada Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) foresees a lucrative vertical emerging in the cannabis sector as the cannabinoid-infused beverages and edibles space continues to grow in popularity with consumers. A report from cannabis market research firm ArcView Research and BDS Analytics projects rapid growth in this arena, with sales of cannabis-derived edibles, which include beverages, expected to surpass $4 billion in the U.S. and Canada by 2022 (http://nnw.fm/oRd8j).
Sproutly’s wholly owned subsidiary, Toronto Herbal Remedies Inc. (“THR”), is already a licensed producer under Canada’s Cannabis Act, and it was recently granted a processing license from Health Canada that allows THR to produce cannabis oil and related products (http://nnw.fm/UnN90). Research and development efforts at Sproutly include a scientifically groundbreaking formulation for clear cannabis beverages fortified with water-soluble cannabinoids and terpenes.
Dr. Arup Sen, chief science officer of Sproutly, said in a news release that the company utilizes the proprietary Aqueous Phytorecovery Process (APP) technological platform, developed by portfolio company Infusion Biosciences Inc., to extract water-soluble forms of cannabinoids for inclusion in beverages and edibles. This patent-pending technology, a plant-to-product process that recovers oil-based cannabinoids, in addition to water soluble phytochemicals, can also be used in pharmaceutical drug development efforts (http://nnw.fm/qG75Z).
“We have completed a substantial amount of formulation work to date with our proprietary, naturally produced, water-soluble cannabinoids, which we have named Infuz2O,” Sen said in the release, adding that THR’s processing license is a major milestone in the company’s bid to commercialize its line of cannabis beverages and edibles. “In addition to the anticipated launch of our cannabis beverages utilizing Infuz2O, we are equally excited about commercializing products containing our Bio Natural Oils, which provide substantially different characteristics than other oil-based products on the market today.”
Bio Natural Oils deliver the full-spectrum of cannabinoids and terpenes of the strain from which they are made, thus empowering consumers to enjoy the experience of their strains of choice in an edible form. Cannabis edibles are quickly becoming a popular option for cannabis consumers, and they even broke into a list of the top 10 food trends of 2018, moving into the eighth position, according to the Specialty Food Association (http://nnw.fm/dc9Xf).
The application of water-soluble cannabis infusions has potential to be widespread in both medicinal and recreational cannabis sectors, giving Sproutly a distinctive edge in a market with untapped potential. Since Sproutly owns the exclusive rights to APP technology in Canada, Australia, Jamaica, Israel and the entire European Union, the company is looking at significant international expansion opportunities.
For more information, visit the company’s website at www.Sproutly.ca
NOTE TO INVESTORS: The latest news and updates relating to SRUTF are available in the company’s newsroom at http://nnw.fm/SRUTF
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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