Fintech PR
Harvest One Acquires Majority Interest in Greenbelt Greenhouse
Reading Time: 3 minutes
“Harvest One“) is pleased to announce today that it has acquired an initial 52% interest in Greenbelt Greenhouse Ltd. (“Greenbelt“), an Ontarioprivate company located in Hamilton, Ontario (herein, the “Transaction“).
This strategic acquisition will supply Harvest One with high quality greenhouse grown cannabis from Greenbelt’s 152,000 sq. ft. facility which will primarily be dedicated to Harvest One’s expanding cannabis-infused health, wellness, and self-care products under the Dream Water and Satipharm brands, and expanding products resulting from the recently announced acquisition of Delivra, following the closing of that transaction. The Transaction ensures that Harvest One remains a vertically integrated house of brands by controlling the production of cannabis through cultivation and extraction, and ultimately to packaged good for consumers.
In addition to the greenhouse, the Greenbelt facility also has a 42,000 sq. ft. headhouse which is an ideal location for future extraction and processing capabilities. Greenbelt has an application pending with Health Canada for a standard cultivation license and a standard processor license under the Cannabis Regulations.
Strategic Rationale
- Harvest One will now control significant production to supply new infused formulations of existing brands already controlled by the company.
- Harvest One secures a location to build out extraction capabilities for its infused products.
- The Transaction ensures good value for shareholders and provides economical access to a potential 15,000 kgs. or more of flower per year, once licensed.
- Offtake agreement ensures access to additional supply without further significant capital investment.
“We are excited to acquire a majority interest in Greenbelt which significantly increases Harvest One’s cannabis supply, as we continue our formulations on cannabinoid infused health, wellness, and self-care products across our house of brands” said Grant Froese, CEO of Harvest One. “In addition to the exceptional greenhouse facility, this acquisition also gives Harvest One space to build out its own extraction capabilities upon licensing which fulfills our goal of vertical integration from cultivation, to processing, extraction and, ultimately, premium infused products.”
Ian Adamson, President of Greenbelt commented, “We are delighted to be partnering with Harvest One and look forward to completing the final retrofit of our greenhouse facility and securing our licensing approvals from Health Canada. With Harvest One’s expanding portfolio of brands and their experience in licensing, coupled with our larger grow facility and space for extraction, we see tremendous upside for Greenbelt, its shareholders, and its professional team of operators, as we work together to provide cannabis and cannabis infused products that consumers will come to know and trust.”
TERMS OF THE TRANSACTION
In connection with the Transaction, Harvest One entered into a securities purchase agreement dated March 29, 2019, with Greenbelt pursuant to which Harvest One acquired $3,250,000 of treasury common shares of Greenbelt (the “Treasury Shares”). In addition, pursuant to a share purchase agreement dated March 29, 2019, between Harvest One and certain existing shareholders of Greenbelt, Harvest One acquired additional common shares of Greenbelt (the “Shareholder Shares”), giving Harvest One an aggregate 52% controlling interest in Greenbelt. In consideration for the Shareholder Shares, Harvest One issued 3,521,600 common shares (each share being issued at $0.923 per Harvest One share based on Harvest One’s 30-day VWAP ending two days prior to the closing of the transaction), representing approximately 1.9% of the issued and outstanding shares of Harvest One (on a non-diluted basis).
Contemporaneous with Harvest One’s investment, Greenbelt raised an additional $1,000,000 of equity from outside investors. The proceeds from Harvest One’s investment ($3,250,000) and from the outside investors ($1,000,000) has been used to retire indebtedness in full owing to existing lenders to Greenbelt and to payout certain equipment leases, with the balance of proceeds being used for working capital purposes. After completion of the Transaction, Harvest One now holds 52% of the outstanding shares of Greenbelt. In limited circumstances, Harvest One’s interest may be diluted down to 50.1%.
In addition to the foregoing, Harvest One entered into a loan facility agreement with Greenbelt dated March 29, 2019, pursuant to which Harvest One has agreed to provide a secured bridge loan facility to Greenbelt – in an amount of up to $3,500,000 bearing interest of 4.5% over a 1-year term – pursuant to which Greenbelt may draw down funds for the purpose of completing the planned retrofit of Greenbelt’s greenhouse facility.
In connection with the Transaction, Harvest One’s wholly-owned subsidiary, United Greeneries Ltd. (“United Greeneries”) and Greenbelt have also entered into an offtake agreement dated March 29, 2019, pursuant to which United Greeneries will be entitled to purchase a minimum of 50% of the offtake from Greenbelt’s harvest production following Greenbelt’s licensing. The offtake agreement is perpetual in nature and provides United Greeneries with agreed minimum volumes at preferential pricing for the first five years of production and, thereafter, at the then current market rates.
The Transaction is subject to final approval of the TSX Venture Exchange.
SOURCE Harvest One Cannabis Inc.
Fintech PR
Fourth Tashkent International Investment Forum launched as Uzbekistan continues FDI drive
With Uzbekistan’s economy nearly doubling with 6% GDP growth in 2023 and over $90 billion in foreign investments have been attracted, TIIF 2024 is set to drive further deals and investment.
TASHKENT, Uzbekistan, April 3, 2025 /PRNewswire/ — The Ministry of Investment, Industry, and Trade of the Republic of Uzbekistan (MIIT) have announced the fourth annual Tashkent International Investment Forum (TIIF), Uzbekistan’s most significant international economic event, will be taking place at the Central Asian Expo (CAEx) Uzbekistan from 10-12 June 2025.
Laziz Kudratov, Minister of Investment, Industry, and Trade of the Republic of Uzbekistan, highlighted the country’s strengthening position as a dynamically developing investment hub in Central Asia. “The government is taking decisive steps to improve Uzbekistan’s investment and business climate, removing all barriers,” he stated.
Over 3,000 participants from more than 75 different countries are expected to travel to Tashkent for TIIF 2025. Many of the participants are major investors, financial institutions, policymakers, economists, corporate leaders, experts in sustainability, innovation, and digital transformation.
During the announcement, Minister Kudratov spoke about the promising progress Uzbekistan is making noting that the economy has nearly doubled in recent years, with 6% GDP growth in 2023. Trade turnover continues to grow steadily, and over $90 billion in foreign investments have been attracted.
Minister Kudratov said: “TIIF-2025 is not just a forum—it’s a real tool for attracting investments, forging strategic partnerships, and discussing global economic trends. We invite all interested parties to join this landmark event.”
What to expect from TIIF 2025
This year’s program will focus on strategic sectors, investment opportunities, legislative reforms and business climate improvements. Selected participants will also be invited to a plenary session with Shavkat Mirziyoyev, President of Uzbekistan.
TIIF 2025 will be focused on a number of key topics which will give participants the opportunity to listen to industry leaders on the below:
- SMEs as the engine of economic growth
- Industrial progress: automotive, electrical engineering, machinery
- Water resource management challenges and innovations
- Investor protection and legal system modernisation
- Fintech and e-commerce development
- Green energy and sustainable development
- Privatisation and investment reforms
- Urban development and infrastructure modernisation
- Textile and chemical industry value chains
- Digitalisation and AI as new business frontiers
Through comprehensive reforms, and a favourable business environment, Uzbekistan is seeing real progress. The “Uzbekistan-2030″ Strategy is accelerating to support the economic development of the country. By 2030, Uzbekistan’s GDP is projected to reach $200 billion.
The previous TIIF in 2024 brought together 2,500+ participants and a record $26.6 billion in agreements were signed, demonstrating Uzbekistan’s high investment appeal. TIIF is an internationally recognised space that platforms the high-growth potential of Uzbekistan and other Central Asian markets.
To register for the 2025 Forum, visit www.tiif.online.
Photo – https://mma.prnewswire.com/media/2656465/TIIF.jpg
View original content:https://www.prnewswire.co.uk/news-releases/fourth-tashkent-international-investment-forum-launched-as-uzbekistan-continues-fdi-drive-302418615.html
Fintech PR
Calastone Launches Tokenised Distribution Solution to Unlock the Future of Fund Distribution
LONDON, April 3, 2025 /PRNewswire/ — Calastone, the largest global funds network, today announces the launch of Calastone Tokenised Distribution – a pioneering solution that allows asset managers to tokenise any fund operating on Calastone’s network and distribute it seamlessly across blockchain-based channels.
This innovative service delivers a simple, frictionless route into tokenisation, without requiring asset managers to change how their funds are structured, administered, or serviced. Yet with one step, they can unlock access to a growing universe of investors who operate exclusively within blockchain ecosystems.
“Calastone Tokenised Distribution offers asset managers a powerful new route to market,” said Adam Belding, Chief Technology Officer at Calastone. “We make it possible to distribute existing funds via blockchain networks, instantly and at scale. without any operational upheaval or technical reinvention.”
The solution bridges the gap between traditional investment funds and blockchain-native networks such as Ethereum, Polygon, and Canton, where investment activity is increasingly executed and settled using digital assets. These networks are attracting a fast-growing class of investors that traditional distribution channels do not reach, including:
- Corporate treasurers managing substantial on-chain cash balances for yield and efficiency
- Stablecoin issuers and institutional crypto firms seeking regulated investment options without the need to convert into fiat currencies
- Crypto-experienced retail and wealth investors who want access to traditional assets via the same wallets and digital infrastructure they use for digital assets
By embedding tokenised fund shares into these blockchain networks, asset managers gain direct access to new pools of capital, without disrupting existing processes or partnerships.
The solution leverages Calastone’s existing global network – spanning over 4,500 firms across 56 markets – to enable any share class on the network to be tokenised and distributed via public, hybrid, or private blockchains. Orders initiated on-chain are automatically translated and processed through Calastone’s infrastructure, ensuring full compatibility with traditional fund operations.
This enables asset managers to:
- Expand into blockchain-native investor channels with no operational disruption
- Reduce distribution costs via automation and smart contracts
- Maintain existing service provider relationships
- Position themselves for long-term advantage in an evolving investment landscape
The launch follows a recent Calastone study showing that tokenisation could unlock over $1351 billion in annual cost savings for the asset management industry, while accelerating fund launches and lowering seed capital requirements.
“The investment world is changing fast,” said Julien Hammerson, CEO of Calastone. “New pools of capital are forming on blockchain networks, and they are not being accessed through traditional channels. Our Tokenised Distribution solution gives asset managers instant reach into these markets, without the requirement or need for transformation. We are making it easy to evolve with the market.”
At its core, Calastone Tokenised Distribution converts eligible fund shares into smart contract-powered tokens embedded directly onto blockchain networks. These tokens reflect the fund’s full detail, operate with built-in security protocols, and automatically mint and burn in line with real-time subscriptions and redemptions.
About Calastone
Calastone is the largest global funds network, connecting the world’s leading financial organisations.
Our mission is to reduce complexity, risk and costs, enabling the industry to deliver greater value to investors. Over 4,500 clients in 56 countries and territories benefit from Calastone’s services, processing over £250 billion of investment value each month.
Calastone is headquartered in London and has offices in Luxembourg, Hong Kong, Taipei, Singapore, New York and Sydney.
1 https://www2.calastone.com/tokenisationcostresearch
Logo – https://mma.prnewswire.com/media/2656896/Calastone_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/calastone-launches-tokenised-distribution-solution-to-unlock-the-future-of-fund-distribution-302418984.html
BEIJING, April 3, 2025 /PRNewswire/ — On April 2, 2025, China Immigration Service Hotline 12367 officially launched the public welfare promotional video “Connect the World Closer, Expand Dreams Wider”. 12367 Service Hotline platform offers 24/7 multilingual services, providing a seamless “ask-and-solve” one-stop service for both Chinese and foreign nationals. It serves as a vital channel for solving the most pressing immigration-related difficulties and problems that are of great concern to individuals and businesses.
Video – https://mma.prnewswire.com/media/2657277/video.mp4
View original content:https://www.prnewswire.co.uk/news-releases/12367-service-hotline-public-welfare-promotional-video-officially-released-302419537.html
-
Fintech PR7 days agoPublic Sector Pension Investment Board announces new Chief Financial Officer and new Chief Risk Officer
-
Fintech PR6 days agoTransactions for persons discharging managerial responsibilities – CEO Jörg Brinkmann have purchased shares in H+H International A/S
-
Fintech5 days agoFintech Pulse: Your Daily Industry Brief – March 27, 2025 | Almond Fintech, Maplerad & More
-
Fintech PR6 days agoBybit Launches ‘Foolproof Fortune’ Event with 100,000 USDT Prize Pool and a Chance to Win a Luxury Watch
-
Fintech6 days agoFintech Pulse: Your Daily Industry Brief – March 27, 2025: Mercury, Jack Dorsey’s Startup, Grab Pay, Virginia, Straiker
-
Fintech PR5 days agoBRI Holds 2025 Annual General Meeting of Shareholders (AGMS), Distributes IDR 51.73 Trillion in Dividends and Prepares for IDR 3 Trillion Buyback
-
Fintech PR7 days agoEssity’s 2025 Annual General Meeting
-
Fintech PR7 days agoBFSI Security Summit 2025 to Address Rising Cybersecurity Threats in Africa’s Financial Sector