Fintech
TheraCann Australia Congratulates Ivory Medical (PVT) Ltd., on its Successful Groundbreaking Event
Sydney, Australia–(Newsfile Corp. – November 17, 2021) – TheraCann Australia Benchmark Pty. Ltd. (TheraCann Australia), a fully owned subsidiary of TheraCann International Benchmark Corp. (TheraCann International), wishes to congratulate Ivory Medical (PVT) Ltd. (Ivory Medical), on its successful groundbreaking event and the commencement of its site preparation.
Ivory Medical has commissioned this unique facility to provide industrial scale, EU GMP compliant, configurable white label medical cannabis products to foreign markets. Under wholesale white label contracts, Ivory Medical will produce, process, and package medical cannabis products to meet client requirements.
This facility is comprised of a purpose-built 54,000 sq. ft. warehouse with a secure indoor vertical rack cultivation area measuring 43,000 sq. ft. on 3 levels measuring 24 ft. tall. The location will also house a secure indoor administration and processing area measuring 11,000 sq. ft. and has been planned and designed to produce up to 163 kilograms of dried cannabis flower (biomass) per year. That biomass will then be extracted into oil to make cannabis oil based products.
TheraCann Australia has been contracted by Ivory Medical, under a 5-year managed services agreement, to provide technical and operational support for this facility. This contract will include the receipt, installation, maintenance, and support of the necessary equipment to produce, process and prepare for the distribution of EU GMP compliant products. The facility is purposely designed as a wholesale, white-label, facility that can ensure the highest quality, repeatable batch medical-grade cannabis products for international research and development, and medical patient applications.
The building materials were fabricated by Allied Steel https://www.alliedbuildings.com/ and purposely planned and designed to be EU GMP compliant. The technologies selected for this project are REP3S compliant, validation they are repeatable, economic, practical, scalable, safe and secure, and are capable of configuring to meet the ever-changing needs of government(s), researcher(s) or medical patient end-user(s).
The cultivation technology selected is Sprout AI’s https://sproutai.solutions/ version 2 automated vertical indoor rolling rack enclosed plant habitat and root chamber technology that can house up to 32 plants per habitat. The first partial order of 140 Sprout AI habitats is in process of final assembly, and preparation for shipment. Up to 1440 Sprout AI units will be utilized to produce Ivory Medical’s high-quality biomass for processing into medical-grade products. Each Sprout AI habitat encompasses an individual control and time cycle which provides Ivory Medical with the maximum flexibility in its selection of crops to be grown. Sprout AI habitats also utilize a staggered harvested schedule of one habitat per hour, and in so doing provide a perpetual harvest of the highest quality, repeatable batch of cannabinoids and terpenes.
The extraction technology selected was United Scientific extraktLAB’s https://extraktlab.com/ integrated equipment solution that will provide for continual processing of raw oil, distillate and isolate cannabis oil for final packaging and preparation for shipment. The first partial order includes but is not limited to E-140 supercritical CO2 extraction, and Terpene Traps are in process of final assembly and shipment. Up to 3 E-140 supercritical CO2 extraction units as well as extraktLAB’s terpene, distillate and isolate separation and formulation equipment will be utilized to produce Ivory Medical’s highest quality and configurable cannabis oil, distillate or isolate for processing.
The packaging technology selected is ATG’s https://www.atgpharma.com/ configurable packaging equipment solution that will provide for continual packaging of configurable formulated cannabis oil into white label products as specified by the client, including but not limited to configurable dosage tincture, gel capsule, vape cartridge and gummy.
The regulatory compliance and record-keeping technology selected is One System One Solution S.A. (OS2’s) https://os2.solutions/ version 7 secure web-based enterprise resource planning and compliance (ERPc) multi-lingual, multi-tax, and multi-country interoperable, configurable EU GMP, ISO 17025, ISO 17001 compliance software which has been approved for use in 9 countries that federally regulate medical cannabis.
According to Shawn Halter, TheraCann International’s Project Manager for Ivory Medical, “We are thankful to be working with the Ivory Medical team, and to have been given the opportunity to provide both the technology and operational management to this project as part of our BenchmarkSOLUTION turn-key solution. Ivory Medical, by utilizing our BenchmarkSOLUTION, will be able to produce, process and distribute, industrial scale, white label, repeatable, configurable, and EU GMP medical cannabis products to the international market.”
For more information on Sprout AI’s press release dated Nov 17, 2021, please visit https://sproutai.solutions/investors/
About TheraCann
TheraCann is dedicated to providing innovative and adaptable solutions to the highly regulated industrial markets such as commercial and medical cannabis, industrial hemp, psychedelic, and vertical urban food production. Their goal is to provide solutions that produce reliable, economic, practical, scalable, safe and secure while setting the gold standard in quality, traceability and regulatory compliance.
For more information about TheraCann, please visit: https://www.theracann.solutions
International Project Manager
Contact: Shawn Halter
TheraCann International
E-mail: [email protected]
Quality Assurance Manager Contact: Ross McPhail
TheraCann Australia
E-mail: [email protected]
Website: https://www.theracann.solutions
Address: Level 1, 8 Beulah Road, Norwood SA Australia, 5067
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103951
Fintech
Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA)
As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.
Chime’s Quiet Step Toward Public Markets
Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.
With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.
Source: Bloomberg
ZBD’s Pioneering Achievement: EU MiCA License Approval
ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.
MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.
Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.
Source: Coindesk, PR Newswire
The Fintech-Credit Union Synergy: A Blueprint for Innovation
The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.
This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.
Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.
Source: PYMNTS
Tackling Student Loan Debt: A Fintech’s Mission
Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.
The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.
As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.
Source: RBJ
Industry Implications and Takeaways
Today’s updates underscore several key themes shaping the fintech landscape:
- Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
- Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
- Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
- Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.
The post Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA) appeared first on News, Events, Advertising Options.
Fintech
SPAYZ.io prepares for iFX EXPO Dubai 2025
Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.
SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.
Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.
“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”
Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.
The post SPAYZ.io prepares for iFX EXPO Dubai 2025 appeared first on News, Events, Advertising Options.
Fintech
Airtm Enhances Its Board of Directors with Two Strategic Appointments
Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.
“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”
Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.
Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.
The post Airtm Enhances Its Board of Directors with Two Strategic Appointments appeared first on News, Events, Advertising Options.
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