Fintech PR
Scientific Breakthroughs Help Establish CBD as a Medical Alternative
As the cannabis industry continues its evolution, competition among companies is becoming more and more ferocious. Over the past year, cannabidiol-based (CBD) products have swiftly emerged thanks to various successful legalization efforts. Specifically, in regions such as the U.S. and Canada, consumers have flocked to retailers to buy a wide range of CBD products including topicals, beverages, tinctures, and patches. In addition, major retail corporations such as Amazon, Walgreens, and CVS have all decided to sell CBD products in-store as well as on their online platforms. Overall, the rapid acceleration of the market is attributable to the passage of the U.S. Farm Bill in late 2018, which legalized the commercialization of hemp-derived products. Yet, despite the growing demand for CBD products, it has become more and more difficult for new players to compete in this market space. Generally speaking, pre-established players such as large corporations with surplus marketing budgets or known dispensaries tend to dominate the marketplace. Nonetheless, the U.S. remains the largest contributor to the global cannabis market, even as the country has yet to federally legalized the plant. And according to data compiled by GlobalInfoResearch, the global legal marijuana market was valued at USD 7.97 Billion in 2019. By 2024, it is expected to reach USD 35 Billion while registering a CAGR of 28% over the next five years. Global Payout, Inc. (OTC: GOHE), The Supreme Cannabis Company, Inc. (OTC: SPRWF), AXIM Biotechnologies, Inc. (OTC: AXIM), Aleafia Health Inc. (OTC: ALEAF), Medmen Enterprises Inc. (OTC: MMNFF).
The growing popularity of CBD is largely attributed to various medical applications that are associated with the products. For example, full-spectrum CBD oil is considered a great source of Omega 3 and Omega 6; Omega 3 plays a vital role in creating hormones that regulate inflammation as well as contractions and relaxation of arteries. They also lower your triglyceride levels in the blood to reduce the chances of suffering from heart disease and stroke. Additionally, the oil is also known to contain vitamins such as A, C, E, and B complex, which can help with the growth and development of vital organs and boost the body’s immune system. “The research is emerging to support the use of CBD for numerous conditions, as well as looking closely at safety, side effects, and long-term effects. There are some valid concerns about long-term use that must be tested before CBD can be recommended for other diseases. As one approach to pain management, it is seen as an alternative option to the addicting narcotics. The use of CBD oil might complement a medical approach to treating physical and mental diseases,” said Debra Rose Wilson, PhD, MSN, RN, IBCLC, AHN-BC, CHT.
Global Payout, Inc. (OTC: GOHE) announced earlier this week that it had “executed a binding Memorandum of Understanding (“MOU”) with World Innovation Technologies (“WIT”) to acquire a 51% ownership of WIT, making it a majority owned subsidiary of the Company.
WIT is a manufacturer of Nutraceutical products that are ready to be deployed into the market and both companies have agreed they can benefit from Global’s experience with sales and marketing of new product launches. Global will take over all sales and logistics efforts on behalf of WIT and in exchange will receive 50% of all revenue generated in the new subsidiary.
“This acquisition has been in the works for some time and represents the first step in our overall goal to diversify Global Payout’s holdings,” said Global Payout CEO, Vanessa Luna. “I believe WIT to be an up and coming player in the multibillion-dollar nutraceuticals market, one that many analysts believe will continue on a strong growth trajectory over the next couple of years. I have had the personal pleasure of working with the Executive Team of WIT on multiple business initiatives over the past decade. I am grateful they decided to entrust my team and I to bring these products to market and meet the current demand they are facing. We are excited to develop a strong go-to-market strategy for the company and identify the many possible revenue streams that will be derived from this partnership.”
WIT comes with major products lines such as dose K-Cup, Button Blast Dosing Cap, Sports Blast Dosing Cap, Straws Dissolving Beads, Microencapsulation, Pharma Blast, and more (All products are patent protected).
“We have personally seen firsthand the success Ms. Luna and her team bring to any company they work with. We were thoroughly impressed with their most recent endeavor with MTrac and how quickly they managed to dominate a market space with a new technology launch. It is that level of expertise that ultimately brought us together in this new venture. We are currently experiencing high demand for our products in caffeine, cbd, cosmetics, nutra, and more. We are eager to finalize this acquisition and look forward to working together to bring our products to the masses,” said Mr. Roy Anthony, on behalf of WIT.
As Global works with WIT to finalize the details of the acquisition the Company will keep shareholders apprised of its progresses.
For more information on WIT please feel free to visit their website at https://www.innonutra.com/
About Global Payout, Inc. (OTC Pink:GOHE): Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of comprehensive and customized prepaid payment solutions. From 2014 to 2017 Global focused on identifying new state of the art technologies in a variety of industry sectors and successfully helped launch MoneyTrac Technology Inc. and other companies within the FinTech space. In 2018, Global completed a reverse triangular merger with MoneyTrac Technology Inc. resulting in Global retaining the wholly owned subsidiary, MTrac Tech Corporation. Global’s current focus is continuing to identify new business opportunities while it reorganizes its future business endeavors.
For our latest “Buzz on the Street” Show featuring Global Payout, Inc. recent corporate news, please head over to:
The Supreme Cannabis Company, Inc. (OTCQX: SPRWF) announced last December, the launch of Sugarleaf by 7AC (“Sugarleaf”). Sugarleaf is Supreme Cannabis’ newest introduction of high-quality cannabis experiences to the Canadian marketplace. Sugarleaf widens the Company’s product offerings and targets consumers who demand a more refined, milder consumption experience as they discover their own cannabis taste preferences and desires. Sugarleaf products are created using the sugary-looking, trichome-dense, dry-cured sugar leaves from 7ACRES’ coveted strains. Made with the high-end 7ACRES strains that consumers trust, Sugarleaf offers a consistently high-quality, smooth and flavourful taste, and aroma. Sugarleaf’s first product will be rolled joints made with fan-favourite strains of 7ACRES. Additional product formats, focused on offering consumers elegant, ready-to-enjoy and convenient cannabis experiences, will be introduced to the market in the new year, including cannabis 2.0 products.
AXIM Biotechnologies, Inc. (OTCQB: AXIM), a world leader in cannabinoid research and development, announced back in October, that its nutraceutical division, AXIM® Wellness, has launched its flagship nutraceutical product line, AXIM® Wellness Gum (“Wellness Gum”), at the Benzinga Cannabis Capital Conference in Chicago, IL. AXIM has also begun accepting consumer and wholesale orders on its new Wellness Gum website. This new patented product line offers consumers with the best absorption, best bioavailability and the best way to consume cannabinoids. “We are excited for the launch of the Wellness Gum product line during the Benzinga Cannabis Capital Conference and look forward to discussing our new cannabinoid-based nutraceutical gum line with the cannabis community,” said John W. Huemoeller II, Chief Executive Officer of AXIM® Biotech. “AXIM is also proud to offer retailer and practitioner wholesale programs that give business owners the opportunity to earn additional revenue while offering their customers the benefits of our full-spectrum CBD gum such as the highest bioavailability and absorbency on the market.”
Aleafia Health Inc. (OTCQX: ALEAF) wholly-owned subsidiary, Emblem Cannabis Corporation, announced last month, a definitive licensing agreement (the “Agreement”) with Kinstate, Inc. (“Kinstate”) to bring its award-winning, cannabis-infused sublingual strips brand and underlying sublingual strip technology to the Canadian medical and adult-use cannabis market. The Agreement provides the Company with the exclusive Canadian rights to manufacture, market and sell certain Kin Slips products, along with rights to use the associated proprietary formulations, manufacturing methodology and intellectual property provided by Kinstate and options for the Company to offer the format into certain other international markets. Kin Slips, along with many new cannabis formats, will be produced in-house at the Company’s Paris, Ontario processing facility. “The innovative excellence of Kinstate’s Kin Slips product line has been tested in the world’s largest cannabis market,” said Aleafia Health CEO Geoffrey Benic. “Our approach of leveraging the formulas, branding, equipment, packaging and production know-how of tried and tested partners significantly accelerates our objective of bringing to market a portfolio of unique, premium cannabis health and wellness brands.”
Medmen Enterprises Inc. (OTCQX: MMNFF) recently announced the opening of two new locations in the state of Florida: Central Orlando and Tallahassee. The Company now has seven operational stores in Florida, with five additional store openings in the state planned for the remainder of the calendar year. The Company is licensed for 35 retail locations in the state. MedMen Buds, the Company’s new loyalty program will be available to all patients at these locations. In addition, MedMen’s fully owned and operated, same-day delivery platform, which currently services California and Nevada, will be available to Florida patients soon. Together with loyalty and delivery, the Company’s new store locations align with MedMen’s national retail strategy of providing an industry-leading omni-channel experience to all consumers. In addition to expanding its retail footprint, MedMen remains one of the lead supporters of the recently launched constitutional amendment campaign to bring safe, regulated, and legal cannabis for adults 21 years and older in the state of Florida. The campaign committee “Make it Legal Florida” is chaired by MedMen’s own Vice President of Government Affairs, Nick Hansen.
SOURCE FinancialBuzz.com
Fintech PR
Nagarro strengthens its SAP CX capabilities with the strategic business transfer of Notion Edge France
PARIS and MUNICH, April 2, 2025 /PRNewswire/ — Nagarro, a global leader in digital engineering, announced today the business transfer of Notion Edge France, an SAP gold partner specializing in the SAP Customer Experience (CX) suite. The strategic transfer of business expands Nagarro’s CX offerings to key players in retail, CPG, manufacturing, and other sectors in France. The transfer also enables wider access to the African market while reinforcing Nagarro’s market position in Europe.
Notion Edge (NE) France has expertise in delivering end-to-end SAP-enabled innovative solutions to help businesses in digital transformation. Notion Edge has delivered successful projects across Europe, the USA, and Africa, particularly within the retail, CPG, B2B manufacturing, and digital commerce sectors, delivering integrated services ranging from consulting and implementation to maintenance and licensing. This transaction strengthens Nagarro’s access to key industry players and allows clients to benefit from an expanded portfolio of customized end-to-end CX solutions that are aligned with the highest standards of delivery excellence.
Amine Gaiji, CEO, Notion Edge, states:
“This milestone marks a new and exciting chapter for Notion Edge. Joining forces with Nagarro brings powerful synergies, combining our boutique expertise in SAP CX, BTP, and FSM with Nagarro’s robust capabilities in SAP S/4HANA ERP and advanced innovation. This complementarity allows us to deliver an offering that is not only stronger but also fully aligned with SAP’s vision of an integrated Business Suite covering end-to-end enterprise processes. Together, we are uniquely positioned to help our clients scale their digital transformation journeys with agility, innovation, and simplicity at the core.”
Amit Sharma, Nagarro’s Retail, CPG & Digital Commerce business unit lead, states:
“Nagarro has deep expertise in offering products and solutions enabling intelligent customer experiences (CX) in retail, CPG, manufacturing, and other sectors. By joining forces with Notion Edge, we are embarking together on a strategic journey to offer SAP-enabled innovation solutions to customers worldwide. Notion Edge‘s deep consulting and implementation expertise in the SAP Customer Experience (CX) suite strengthens Nagarro’s offerings in end-to-end intelligent customer experiences across digital commerce, customer service, sales automation, marketing, customer data platforms, BTP, CPQ, FSM, AI, and others. I extend a warm welcome to Notion Edge‘s team into the Nagarro family and look forward to achieving remarkable success together.”
Christian Haller, Managing Director, Nagarro France, states:
“Collaboration with Notion Edge will allow us to address even more customer needs and strengthen our position not only in France but also globally. We will now address a larger portfolio for our SAP clients by integrating the SAP Customer Experience. The teams are also looking forward to working together more widely. We appreciate the skills and enthusiasm of the Notion Edge team. We already shared our Paris offices with Notion Edge colleagues, and now we will share the ‘CARING’ values and the Nagarro adventure!”
About Notion Edge France
Founded in 2017 by SAP alumni, Notion Edge France is an SAP partner focused on SAP CX, FSM and BTP implementation, providing a range of integrated services of digital transformation, SAP consultancy and implementation services to its clients.
About Nagarro
Nagarro, a global digital engineering leader, helps clients become innovative, digital-first companies and thus win in their markets. The company is distinguished by its entrepreneurial, agile, and global character, its CARING mindset, and its approach of thinking breakthroughs. Nagarro employs nearly 18,000 people in 39 countries.
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Change in Management: Exyte announces Katrien Verlinden as new President of its Global Business Unit Advanced Technology Facilities
- Katrien Verlinden will take over as President of Exyte’s Global Business Unit Advanced Technology Facilities (ATF) effective April 14, 2025
- Verlinden joins from Saipem America Inc., where she served as President and CEO, bringing more than 25 years of international leadership experience
- Exyte Executive Board Member Mark Garvey will focus on his role as CEO ATF, overseeing the business segment at board level
- Exyte CEO Büchele: “Katrien Verlinden brings remarkable expertise in global projects and leadership capabilities. She and the team will accelerate our progress toward Exyte’s strategic goals.”
STUTTGART, Germany, April 2, 2025 /PRNewswire/ — Exyte’s Executive Board has appointed Katrien Verlinden to the position of President of the Global Business Unit (GBU) Advanced Technology Facilities (ATF) effective April 14, 2025. Based in Singapore, she will report to Mark Garvey who has served as President ATF since January 2020 and since December 2023 also filled the roles of CEO ATF and Executive Board Member. With Verlinden’s joining, Mark Garvey will focus on his role as Board Member and CEO of ATF in the future. ATF is Exyte’s largest business segment by sales, primarily active in the semiconductor and battery cell sectors.
Most recently, Verlinden served as President and CEO of Saipem America Inc., and Country Manager for Saipem in North America. She brings more than 25 years of international leadership and extensive operational experience in Engineering, Procurement and Construction (EPC) in the energy sector to Exyte’s global ATF organization. Verlinden is a recognized expert by clients and industry representatives.
At Saipem, a global leader in energy offshore and onshore EPC services, Verlinden held numerous international management positions, after progressing through operational roles including Technical Manager, Project Manager and Project Director for the execution of large-sized onshore EPC projects mainly across the Middle East and North Africa. Prior, Verlinden had studied engineering at the Katholieke Universiteit Leuven in Belgium and completed further executive education at the Stanford Graduate School of Business. Fluent in Dutch, Italian, English and French, she also has a passion for Korean and Japanese.
“I am thrilled to join Exyte during these extraordinary, transformative times for the semiconductor and battery industries,” says Verlinden. “In recent years, the Global Business Unit Advanced Technology Facilities has been on an impressive growth trajectory, and I am eager to actively contribute to strengthening and amplifying this successful momentum. ATF’s ambitious goals present a unique opportunity to combine my experience and fresh perspectives with those of the global team to collectively drive innovation in high-tech projects and deliver exceptional results for both Exyte and its clients worldwide.”
Exyte CEO Dr. Wolfgang Büchele: “Katrien Verlinden brings remarkable expertise in global projects and leadership capabilities. Her appointment as President of the Global Business Unit Advanced Technology Facilities will advance Exyte’s vision. Her leadership will ensure operational excellence, and strengthen our capabilities in delivering innovative, high-tech solutions for our clients. She and the team will accelerate our progress toward Exyte’s strategic goals.”
Exyte’s Global Business Unit ATF is the largest business segment by sales and operates predominantly in the semiconductor, battery, photovoltaics and flat panel display markets. ATF provides consulting and planning services, engineering and design services, as well as project management services around the building of manufacturing plants and the construction of research and development facilities in the electronics industry sector. The customers include global technology and innovation leaders.
About Exyte
Exyte is a global leader in the design, engineering, and delivery of ultra-clean and sustainable facilities for high-tech industries. With cutting-edge expertise developed over more than a century, the company serves clients in the sophisticated markets of semiconductors, battery cells, pharmaceuticals, biotechnology, and data centers. Exyte offers a full range of services from consulting to managing the implementation of built complete solutions with the highest standards in safety and quality to its customers worldwide. Exyte creates a better future by enabling key industries to enhance the quality of modern life. In 2023, the company generated sales of €7.1 billion with around 9.900 employees worldwide. www.exyte.net
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Contact:
Samy Abdel Aal
Public Relations Manager
Mobile: +49 172 840 33 01
Phone: +49 711 880 44 696
samy.abdelaal@exyte.net
www.exyte.net
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Fintech PR
Ayan Capital Secures Shariah-Compliant Financing Facility of up to £25 Million from Partners for Growth
New funding will be used to boost growth, scale tech-led underwriting, and expand UK access to halal finance, targeting £25m in 2025 and £100m by 2026.
LONDON, April 2, 2025 /PRNewswire/ — Ayan Capital, a fast-growing provider of halal vehicle financing, has secured up to £25 million in Shariah-compliant financing facility from institutional debt provider Partners for Growth (PFG), a global private credit firm with a strong 20-year track record of backing high-growth technology and fintech companies in more than 20 countries. This investment reflects the rising demand for Islamic financial products in the UK and reinforces Ayan Capital’s position as a key player in the sector.
Ayan Capital provides halal business car financing, serving private hire (Uber, Bolt, etc.) and business drivers seeking halal alternatives to purchase low-carbon emission cars. Operating in the £21.7 billion UK used car finance market – still dominated by non-tech players under regulatory scrutiny – Ayan offers a tech-led, commission-free model that puts customers first, financing them directly regardless of where they buy their car. Expanding beyond vehicle financing, the company recently launched Ayan Pay, a 0% interest, 12-month financing covering home repairs, renovations, car repairs and furniture purchases.
Ayan Capital more than doubled its financing issuance last quarter, growing 2.2x while maintaining a 0% non-performing loan rate – demonstrating the strength of its underwriting technologies and expertise. This latest funding follows Ayan Capital’s recent £3.4 million Pre-Series A round.
With this new £25 million funding, which is based on Ijara wa Iqtina principles, Ayan Capital aims to accelerate growth, enhance its technology-driven underwriting capabilities, targeting £25 million in financing this year and £100 million in 2026, broadening access to halal financial products across the UK and laying the groundwork for a long-term vision that includes a UK banking license application.
Ayan Capital is building on the success of Alif Bank, also co-founded by Abdullo Kurbanov and based in Central Asia, whose digital transactions grew by 30x over three and a half years, serving over four million customers. Now, Ayan aims to become a UK leader in Islamic banking, leveraging the country’s strong regulatory environment.
Ayan is addressing the gap in UK Islamic finance. Despite the UK’s Muslim population set to reach 10m by 2050, according to some estimates, Islamic banking remains severely underserved, with only 0.1% of total banking assets – even though 82% of UK Muslims seeking Shariah-compliant products. However, momentum is building – Islamic bank assets in the UK surged 26% in 2023 to $8.2 billion, with Fitch Ratings projecting growth to $15 billion in the medium term.
Armineh Baghoomian, Co-Head of Fintech at Partners for Growth, stated: “Ayan Capital is redefining what Islamic finance can look like in a modern, tech-enabled ecosystem. Their strong traction, disciplined underwriting, and commitment to financial inclusion closely align with PFG’s mission to support founders building next-generation financial infrastructure. We’re proud to support Ayan as they scale access to Shariah-compliant products across the UK and beyond.”
Richard Osborne, Investment Manager at PFG stated: “We are excited to support Ayan’s mission to expand access to Shariah-compliant financing throughout the UK. The team’s experience, strong underwriting expertise and technology-first approach align well with PFG’s global strategy of backing great founders building high-growth, innovative financial services businesses. We’ve been particularly impressed by Ayan’s growth trajectory and ability to achieve key milestones at a rapid pace. We look forward to seeing Ayan’s continued success and impact on the market.”
Abdullo Kurbanov, Co-founder and CEO of Ayan Capital stated: “We are grateful for the trust and support of the PFG team. Our mission is to make halal financing more accessible in every way – cost, technology, and customer experience. Choosing a halal option should not mean paying more. While we are still at the beginning of our journey, we are wholeheartedly committed to building a financial system that is open to all – one that is not only halal but also more competitive, convenient, and innovative than conventional alternatives.”
Furkat Suvhanov, COO of Ayan Capital, stated: “We’re growing rapidly while maintaining exceptional portfolio quality and customer service. Our partnership with PFG reflects the strength of our model and supports our long-term capital strategy. Building on this momentum, with PFG’s support, we’re now beginning work on our next £75–100 million Shariah-compliant debt raise.”
About Ayan Capital
Ayan Capital is a halal, technology-driven financial services provider committed to making Islamic finance accessible to millions across the UK and beyond. Founded by Abdullo Kurbanov, Firdavs Mirzoev, and Zuhursho Rahmatulloev, the company is laying the groundwork for the long-term vision of a banking license application in the UK.
About Partners for Growth
Partners for Growth (PFG) is a global private credit firm specializing in custom debt solutions for high-growth companies. For over twenty years, PFG has provided growth debt financing to tech, fintech, healthcare, and tech-enabled companies to accelerate their path to profitability or finance specific assets at pivotal stages of growth. Since inception, PFG has partnered with more than 250 companies across 20 countries.
TMT Global Advisers provided financial advice to Ayan Capital on this transaction. TMT Global Advisers is an independent mid-market advisory firm specializing in M&A and fundraising for tech, telecom, and media clients worldwide.
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