AgraFlora Organics International Inc. (“AgraFlora” or the “Company“) (CSE: AGRA) (Frankfurt: PU31) (OTCPK: PUFXF), a growth oriented and diversified international cannabis company, and ICC International Cannabis Corp. (CSE: WRLD.U)(FWB: 8K51)(OTC: WLDCF) (“ICC” or “International Cannabis”), have entered into an agreement whereby AgraFlora will transfer its portfolio of exotic, native Colombian cannabis genetics to ICC for international marketing and distribution purposes.
“This partnership further equips International Cannabis with the ability to provide highly coveted Colombian cannabis flower to its global distribution network of approximately 39,000 pharmacies and retail outlets,” said Eugene Beukman, Chief Executive Officer and a Director of International Cannabis. “The transfer of these native Colombian strains will also allow for the continued differentiation of the International Cannabis brand in an increasingly generic and homogenized market.”
“Pure Grow has assembled a unique genetic library of cannabis native to Colombia which we believe is poised to become a valuable asset for our company,” said Derek Ivany, President & CEO, AgraFlora Organics International Inc. “With the aim of maximizing the value of our genetics portfolio, we have confidence in our new partnership with ICC as they have built an extensive infrastructure across the value chain in the international cannabis marketplace. Their vast international presence consists of distribution networks and various licenses in multiple jurisdictions that will assist in introducing our genetics library to the marketplace.”
In May 2018, AgraFlora formed a wholly owned subsidiary, Pure Grow Medicinals S.A.S. (“Pure Grow”), to pursue cannabis cultivation and genetics opportunities in Colombia. Pure Grow has since been working in concert with a Cannabis Cup winner whose strain “Medellin Gold” has received industry accolade and has, since formation, acquired a select library of rare and exotic native cannabis seed varieties from various regions in the country.
The Companies genetics portfolio consists of rare, native cannabis strains from the regions of Valle del Cauca, Cauca, Magdalena and Antioquia in Colombia. Under the agreement, Pure Grow is transferring to International Cannabis a library consisting of 20 unique strains that include both prominent tetrahydrocannabinol (“THC”) and cannabidiol (“CBD”) varietals, including highly sought-after strains such as:
- Medellin Gold,
As both the World Health Organization and many countries around the world shift their stance in favour of medical use of CBD-dominant cannabis oils and CBD-derived products, the demand for high-yield CBD strains is expected to increase geometrically.
Under the terms of the agreement, AgraFlora will retain the rights to the genetics library for its own uses within North America, and International Cannabis is granted exclusive rights elsewhere globally. In consideration for the transfer of the genetics library, ICC will issue one million common shares to AgraFlora. The valuation of the shares will be based upon the five-day VWAP of ICC’s common shares for the five trading sessions prior to the announcement of the agreement.
SOURCE AgraFlora Organics International Inc.
Medici Ventures Keiretsu Companies GrainChain and Symbiont Working Together to Expand Global Operations
GrainChain to expand to numerous countries in 2020 using Symbiont’s Assembly™ enterprise blockchain solution
SALT LAKE CITY, March 27, 2020 (GLOBE NEWSWIRE) — Medici Ventures, the wholly owned blockchain accelerator of Overstock.com, Inc. (NASDAQ:OSTK), announces that two of its keiretsu companies, GrainChain and Symbiont, are working together to expand GrainChain’s global operations through the use of Symbiont’s blockchain solution. GrainChain, a blockchain-powered agritech company, is utilizing Symbiont’s Assembly™ enterprise blockchain network to improve platform performance and privacy features. Assembly™ has allowed GrainChain to significantly increase the number of farmers, buyers, and grain elevators using its products.“Medici Ventures encourages its keiretsu companies to find synergies among the group to build world-changing technologies. We’re pleased to see these two keiretsu companies working together to build meaningful technology that benefits everyone in the global agricultural community,” said Jonathan Johnson, CEO of Overstock.com and president of Medici Ventures. “GrainChain and Symbiont’s goals align directly with ours, as the companies are working to eliminate middlemen, democratize capital, and re-humanize commerce through the use of blockchain technology.”GrainChain’s innovative platform allows for quicker payments between farmers and buyers while offering immediate availability of tradable commodities. GrainChain currently has operations in Texas, Mexico, and Honduras, with plans to expand to several new countries in 2020.Symbiont is an enterprise fintech company building the next generation of financial markets infrastructure on a foundation of blockchain technology. Symbiont’s Assembly™ blockchain platform provides privacy features and seamless scalability and allows its customers to build networks where numerous, independent entities may view and share data in real time.“GrainChain’s goal is to continue to grow into new countries to help support farmers around the globe, and Symbiont’s blockchain platform is the solution that will help us reach that goal,” said Luis Macias, CEO and founder of GrainChain. “By utilizing blockchain technology in our supply chain operations, each stakeholder in the agriculture ecosystem receives fair value and prompt payment, which is something we believe every buyer and farmer should have access to.”“Assembly™ will bring efficiencies to GrainChain’s operations while allowing the company to continue to empower farmers around the globe,” said Mark Smith, Symbiont CEO. “GrainChain’s work in reducing frictional costs for both farmers and buyers helps everyone in the ecosystem, and Symbiont is pleased to support GrainChain’s expansion to bring this important technology to the global agricultural community.”Medici Ventures, Overstock.com’s wholly owned blockchain accelerator, was founded in 2014 with a mission to change the world by accelerating the adoption of blockchain technology, in order to fundamentally change the way in which we transact. Medici Ventures’ keiretsu of companies are introducing blockchain technologies to industries such as identity, land governance, money and banking, capital markets, supply chain, and voting. Medici Ventures is also committed to increasing public awareness and understanding of the use cases for and corresponding value of blockchain technology through public engagement and policymaker outreach.About GrainChain
GrainChain was founded in 2013 with the goal of using technology to empower farmers and level the playing field in the global agricultural market. Our innovative, blockchain and IoT-based suite of products allows producers, buyers and storage operators to accurately, efficiently and reliably buy, sell and track commodities throughout the supply chain, from farm to market.About Symbiont
Symbiont is the enterprise fintech company creating the next generation of financial markets infrastructure using blockchain technology. Assembly™, Symbiont’s enterprise blockchain platform, creates efficiencies, eliminates manual data replication and reconciliation processes, and enables real-time data sharing with complete privacy. The world’s leading financial services firms, including Citi, Nasdaq, Ranieri, Templum and Vanguard, choose to work with Symbiont to solve their toughest business problems. With offices in New York and Amsterdam, Symbiont is led by a team of experts in capital markets and blockchain technology. To learn more about Symbiont, please visit symbiont.io or contact the team at firstname.lastname@example.org.About Medici Ventures
Launched in 2014, Medici Ventures is a wholly-owned subsidiary of Overstock.com, Inc. created to leverage blockchain technology to solve real-world problems with transparent, efficient, and secure solutions. Medici Ventures has interests in a global keiretsu of groundbreaking blockchain-focused companies focused on building the foundation of a technology stack for civilization. Medici Ventures’ companies are introducing blockchain technology to industries including identity, land governance, money and banking, capital markets, supply chain, and voting. The company’s majority-owned financial technology company, tZERO, executed the world’s first blockchain-based stock offering in December 2016.About Overstock
Overstock.com, Inc Common Shares (NASDAQ:OSTK) / Digital Voting Series A-1 Preferred Stock (Medici Ventures’ tZERO platform:OSTKO) / Series B Preferred (OTCQX:OSTBP) is an online retailer and technology company based in Salt Lake City, Utah. Its leading e-commerce website sells a broad range of new home products at low prices, including furniture, décor, rugs, bedding, home improvement, and more. The online shopping site, which is visited by nearly 40 million customers a month, also features a marketplace providing customers access to millions of products from third-party sellers. Overstock was the first major retailer to accept cryptocurrency in 2014, and in the same year founded Medici Ventures, its wholly owned subsidiary dedicated to the development and acceleration of blockchain technologies to democratize capital, eliminate middlemen, and re-humanize commerce. Overstock regularly posts information about the Company and other related matters on the Newsroom and Investor Relations pages on its website, Overstock.com.O, Overstock.com, O.com, Club O, Main Street Revolution, and Worldstock are registered trademarks of Overstock.com, Inc. Other service marks, trademarks and trade names which may be referred to herein are the property of their respective owners.This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include all statements other than statements of historical fact, including but not limited to statements regarding Overstock’s expectations regarding Symbiont and GrainChain. Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Form 10-Q for the quarter ended December 31, 2019, which was filed with the SEC on March 13, 2020, and any subsequent filings with the SEC.SOURCE: Overstock.com, Inc.Media Contact:
Labuan IBFC’s Financial Services Community Band Together to Contribute to the Relief Efforts in Combating COVID-19
Labuan International Business and Financial Centre, Labuan IBFC’s financial services and intermediation community have come together to assist local authorities in relief efforts via the pooling of resources.
Labuan IBFC’s Cross-Industry Group comprising of all the industry associations representing licensed entities in the jurisdiction has led the formation of a pool fund, focused on providing relief to frontliners and those less fortunate in Labuan.
This Cross-Industry Group consists of Labuan Financial Services Authority, Labuan International Insurance Association, Association of Labuan Banks, Association of Labuan Trust Companies, Labuan Investment Banking Group and the Labuan Fintech Association.
The Labuan IBFC Community is deeply concerned about the growing scale of the COVID-19 pandemic and its social and economic impact, particularly on Labuan island. Specifically, this resource pool will fund towards the purchase and distribution of personal protective equipment for hospital staff, healthcare providers, and other frontline service personnel on the island.
Relief, in the form of household necessities, will also be provided to those in the B40 income group and to daily wage earners who are impacted by the situation, as well as schools and small businesses.
The above effort is testament of the commitment and empathy of the Labuan IBFC community towards the people of Labuan island, by providing whatever assistance it can to relieve hardships under the current situation.
SOURCE Labuan IBFC
Asia-Pacific B2B Payments Market, Forecast to 2025 – Lucrative Opportunities in Offering Competitive Payment Terms, Virtual Credit Cards, Digital Currencies & Value-added Services
Dublin, March 27, 2020 (GLOBE NEWSWIRE) — The “Growth Opportunities in the Asia-Pacific B2B Payments Market, Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.Digital payments technology adoption in Asia-Pacific remains in a nascent stage, and unlike digital payment methods used by consumers in which streamlined checkout processes accept instant payment using credit cards, the bulk of B2B payments is still tied to paper checks and manual processes.What are the trends within the B2B payments landscape in Asia-Pacific?How large is the B2B payments market in Asia-Pacific?When is the digital B2B payments market projected to grow in Asia-Pacific, and what are the expected growth rates?What are the potential implications of digitalization on B2B payments?What are future opportunities within B2B payments in Asia-Pacific?What is the market outlook on B2B payments in Indonesia?What is the market outlook on B2B payments in Vietnam?Key Topics Covered
1. Executive SummaryKey Findings – Asia-PacificKey Findings by Country2. Market Overview – Total B2B Payments MarketMarket DefinitionsKey Questions This Study Will AnswerMarket SegmentationRisks in B2B PaymentsMarket Trends – B2B Payments Paid LateMarket Trends – Increased Usage of eInvoicingMarket Trends – Decline in Use of Trade CreditMarket Trends – Increased Government Support3. Drivers & Restraints – Total B2B Payments MarketMarket DriversMarket Driver – Growth and Support of SMEsMarket Driver – Partnerships & Collaborations amongst Key Industry ParticipantsMarket Driver – Partnerships & Collaborations amongst Key Industry Participants (continued)Market Driver – GlobalizationMarket Driver – Growth in Payment Technology SolutionsMarket RestraintsMarket Restraint – Geopolitical Risk for Cross-border B2B PaymentsMarket Restraint – Security Concerns over Digital Payment MethodsMarket Restraint – Complexity and Inefficiency of B2B Payments4. Forecast and Trends – Total B2B Payments MarketForecast AssumptionsRevenue Forecast by Payment TypeRevenue Forecast by Payment Type Discussion5. Key B2B Payments Solution Providers in Asia-PacificVisa ProfileMastercard ProfileEKO-PAY ProfileInvapay ProfilePayoneer ProfileiPayLinks ProfilePayPal ProfileTransferWise ProfileWestern Union ProfileEarthport Profile6. B2B Payments in IndonesiaCountry Analysis – IndonesiaRevenue Forecast by Payment TypeRevenue Forecast by Payment Type DiscussionIndonesia B2B Payments – Service and Market TrendsIndonesia – B2B Payments Competitive Landscape7. B2B Payments in VietnamCountry Analysis – VietnamRevenue Forecast by Payment TypeRevenue Forecast by Payment Type DiscussionVietnam B2B Payments – Service and Market TrendsVietnam – B2B Payments Competitive Landscape8. Growth Opportunities and Companies to ActionGrowth Opportunity 1 – Offer Competitive Payment TermsGrowth Opportunity 2 – Offer Virtual Credit CardsGrowth Opportunity 3 – Offer Digital CurrenciesGrowth Opportunity 4 – Offer Feasibility throughout Delivery ProcessGrowth Opportunity 5 – Offer Value-added ServicesStrategic Imperatives for Success Factors9. The Last WordThe Last Word – Conclusion and RecommendationsThe Last Word – 3 Big PredictionsFor more information about this report visit https://www.researchandmarkets.com/r/p27dqbResearch and Markets also offers Custom Research services providing focused, comprehensive and tailored research.CONTACT: ResearchAndMarkets.com
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