BUZ INVESTORS PRESS RELEASE Internet of Coins Raises $1 Million Internet of Coins (IoC), a Holland-based not-for-profit project aimed at the development

Internet of Coins Raises $1 Million Without Venture Capital as Crowdfunding Campaign Exceeds Expectations

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Dutch non-profit digital finance company Internet of Coins has raised over $1,000,000 (USD) in crowdfunding contributions as the campaign continues to exceed expectations.

BUZ INVESTORS PRESS RELEASE Internet of Coins Raises $1 Million Internet of Coins <span data-recalc-dims=(IoC), a Holland-based not-for-profit project aimed at the development" width="300" height="180" srcset="https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/06/Internet-of-Coins-Non-Profit-Crowdfunding.jpg?resize=300%2C180 300w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/06/Internet-of-Coins-Non-Profit-Crowdfunding.jpg?resize=768%2C461 768w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/06/Internet-of-Coins-Non-Profit-Crowdfunding.jpg?w=1000 1000w" sizes="(max-width: 300px) 100vw, 300px" />

BUZ INVESTORS  PRESS RELEASE  Internet of Coins Raises $1 Million  Internet of Coins (IoC), a Holland-based not-for-profit project aimed at the development of decentralized, open and accessible digital wallet for personal finance is delighted to announce its successful crowdfunding campaign. The campaign started on March 21, 2017, has raised over $1,000,000 (USD) since its launch. Internet of Coins aims to provide the world with financial freedom, through blockchain evolution.

In cooperation with the Dutch NLnet Foundation and the Commons Conservancy, the Internet of Coins project is developing a wallet infrastructure to connect all blockchains together. The system can work with different forms of digital value and smart contracts. Two months ago, the worldwide campaign started to raise funds to develop new technology for the decentralized storage and exchange of value. The Dutch SIDN Fund later provided a grant for initial development.

The founder of Internet of Coins, Joachim de Koning, outlines the company’s interest in cryptocurrencies, stating,

Internet of Coins Raises $1 Million

 

“We are realizing a robust web for personal finance, to create connections between existing decentralized economies such as Bitcoin, Ethereum, Bitshares and the New Economy Movement. We are building an inclusive system, and would like to see any cryptocurrency become part of this open network. All code is, therefore, free and open source.”

The Internet of Coins contains a ‘transactional operating system’ that unifies digital value platforms like Bitcoin. The crowdfund proceeds are used to fund the development team and set out bounties. The campaign has a donation model, to guarantee the independent nature of the project. Within only the first four weeks of the crowdfunding, the campaign exceeded the initial goal of $300,000, donated over seven blockchain platforms. The crowdfund runs until the 21st of June 2017.

De Groot goes on to offer some specifics about the project and its intentions, stating,

“With our system, we aim to provide autonomy in personal finance. We want to mitigate the risks that are currently involved in cryptocurrency transactions. Which is why we are developing an environment that makes financial transacting as easy and safe as sending an e-mail. As a peer-to-peer system, we intend to make Internet of Coins the BitTorrent for cryptocurrencies and smart contracts.”

The company’s partnership with the NLnet Foundation enables Internet of Coins to remain a neutral and nonpartisan actor in the blockchain world. Previously supported projects are the TOR project, WebODF standard, and the No-Script browser plugin. The team has given presentations at several international conferences at Amsterdam, Brussels, London, and Kiev. At the A-Lab in Amsterdam, an alpha version of the wallet and transactional operating system was demonstrated live.

Crowdfunding Campaign

Internet of Coins is held accountable to how collected funds are being used by the appointed sequestration organization, the NLnet Foundation. Every payment, whether regular or bounty, must be requested before funds can be spent, to safeguard the financial situation of Internet of Coins, and to make sure developments can proceed in a steady and orderly fashion. In this way, all funds vested by crowdfunding participants are legally and procedurally safeguarded.

The Internet of Coins team has put down several scenarios based on the success of its crowdfunding campaign. To read up on the specific scenarios, users can utilize the slider bar on the company’s crowdfunding website page.

The tokens distributed for the Internet of Coins project are called HYBRID. These tokens will be made available initially on seven different blockchain ecosystems simultaneously, namely Bitcoin (BTC), Ethereum (ETH), CounterParty (XCP), NXT Platform (NXT), New Economy Movement (XEM), Waves Platform (WAVES) and Bitshares(BTS).

There will be a maximum of 1000000 (one million) tokens available in each ecosystem. During the crowdfund 900000 (nine hundred thousand) of these tokens will be offered to those taking part. A maximum of 100000 (one hundred thousand) tokens will be reserved for crowdfunding reward payouts.

As the crowdfunding campaign proceeds, the price per HYBRID token will increase over time. Once the fundraiser is over, tokens will not be subject to inflation other than the moments when HYBRID is expanded to new blockchains.

HYBRID price increase schedule

21st of March 2017 – campaign opening – USD 1.00
28th of March 2017 – checkpoint alpha – USD 1.25
9th of May 2017 – checkpoint beta – USD 1.45
19th of May 2017 – Checkpoint Charlie – USD 1.65
29th of May 2017 – Checkpoint Delta – USD 1.85
8th of June 2017 – checkpoint echo – USD 1.925
18th of June 2017 – checkpoint foxtrot – USD 2.00

In the event that not all tokens are sold in the crowdfund, the community has opted for a proof-of-burn to ensure the value of HYBRID tokens and protect it from the effects of inflation.

Those interested in becoming part of the Internet of Coins movement can take part in the ongoing crowdfunding campaign here.

Buz Investors Platinum Highlife Tours ML Capital Group (USOTC: MLCG) today announced the launch of Platinum High Life Tours, a luxury tour operator serving the burgeoning $6.7 billion global cannabis market.

ML Capital Group Announces Platinum Highlife Tours as The First Luxury Tour Operator for The Global $6.7 Billon Cannabis Market

ML Capital Group Announces Platinum Highlife Tours as The First Luxury Tour Operator for The Global $6.7 Billon Cannabis Market

Buz Investors Platinum Highlife Tours ML Capital Group (USOTC: MLCG) today announced the launch of Platinum High Life Tours, a luxury tour operator serving the burgeoning $6.7 billion global cannabis market.

Buz Investors Platinum Highlife Tours ML Capital Group (USOTC: MLCG) today announced the launch of Platinum High Life Tours, a luxury tour operator serving the burgeoning $6.7 billion global cannabis market. Today’s announcement comes just 10 days after the Company announced a strategic acquisition to take a 25% interest in  Colorado Highlife Tours, with the option of acquiring an additional 24% percent stake in the Colorado-based cannabis tourism company.  MLCG also recently announced that the Company’s existing luxury tour operation and flagship brand, Platinum Tours of Maui, realized a 25% increase in first-quarter revenue over 2016, following on an equally impressive 29% increase from 2015 to 2016.

Platinum High Life Tours will serve the discerning cannabis tourist, with custom itineraries around the world, 5-star accommodations, fine-dining and more. The company will soon announce its first bespoke tour in Jamaica, which will include exclusive plantation tours and cannabis dining experiences in the global home of cannabis culture.

 




 

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Highlife Tours

MLCG is also developing and implementing custom technology products and services for Platinum High Life with the goal of creating a truly distinctive client experience.

MLCG $1 Million 2017 Sales Forecast

MLCG recently released a preliminary $1 million 2017 sales forecast based on the Company’s fourth quarter record sales and nearly $452,000 in historical annual revenue earned prior to its record fourth quarter sales. Given the existing revenue, the launch of Platinum High Life Tours, and ongoing business momentum that Colorado Highlife Tours brings to MLCG, the management anticipates revising the 2017 revenue forecast upwards after the close of the first fiscal quarter.

Currently the Cannabis industry is estimated to be over $6.7 Billion and sales are projected to exceed $20 billion by 2020


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Buz Investors Greengro Technologies Concludes Successful First Quarter – March 14, 2017) – Greengro Technologies, Inc.

Greengro Technologies, Inc. Concludes Successful First Quarter with the Advancement of 2 Acquisitions and 2 Million Dollars in Capital Raising Efforts

Greengro Technologies, Inc. Concludes Successful First Quarter with the Advancement of 2 Acquisitions and 2 Million Dollars in Capital Raising Efforts

Greengro Technologies Concludes Successful First Quarter

Buz Investors Greengro Technologies Concludes Successful First Quarter – March 14, 2017) – Greengro Technologies, Inc.

Buz Investors Greengro Technologies Concludes Successful First Quarter  – March 14, 2017) – Greengro Technologies, Inc. (OTC: GRNH), a world-class provider of eco-friendly green technologies, and a specialist in equity investments and mergers and acquisitions in the cannabis industry is pleased to update investors with a brief review of the Company’s notable first quarter’s advancements.

Opening the year in January with the acquisition of Biodynamics Greenhouse Technologies, an Akron, Ohio-based leader in controlled environmental agriculture (CEA), renewable energy and consumer hydroponics, the Company has thus-far built a robust nearly $33 million sales pipeline. Regarding recent developments, James Haas, CEO of Greengro Technologies, Inc. stated: “The establishment of financing is underway for two main venues; a $25 million sales contract and a 7.7 million dollar sales contract, both coming to the table with 50% down . With one of them approved and in underwriting The trajectory for this sector of our Company is continually broadening, we are very expectant about the future of this division.” Our third deal 7.5 million dollar Foodraiser is still locking up land and raising funds. https://greengrotech.com/finance/




 

 

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Greengro Technologies Concludes Successful First Quarter

On the heels of that acquisition, the Company entered an agreement to acquire a popular social network community, www.weedwall.com. With all the curiosity about marijuana and the cannabis culture, the Weedwall community brings enthusiasts from all over together to inquire, collaborate, and gain a deepening understanding of the numerous benefits and evolving nature of the growing industry.

“Haas concluded: “As the industry continues to expand, so does our corporate vision, and market share. In consideration of the fact that sales bolstered from $556,515.25  in 2015 to 1,093,394.55 in 2016, Momentum for the remainder of this year is based on a nearly 100 % increase in revenues year over year. To be horizontally diversifying at this stage in the industry continues to prove very lucrative.”

As markets continue to open, creating evolving new industry demands, Management is keenly focused on the capitalization of congruent developing niches that seamlessly align with the Greengro’s core business model. The Company will keep shareholders updated as events unfold with the its new product line, as well as other projects currently underway.

“I remain as Greengro’s CEO,” said Haas, “but the company is growing so fast that we need a dedicated business professional in place to deal with public side information like annual reports, SEC filings and other material related to our shareholders.  Our new president will be capable of integrating finance, communication, marketing and securities law compliance to enable the most effective two-way communication between the company, the financial community and our shareholders.”

About Greengro Technologies

Greengro Technologies is a world-class provider of eco-friendly green technologies and a specialist in equity investments and mergers and acquisitions in the commercial cannabis industry.  Greengro Technologies is a national leader in both indoor and outdoor aquaponic and hydroponic systems and grow rooms, with specific domain expertise in agricultural science systems serving both the consumer and commercial growing markets. The company’s customers include restaurants, community gardens, and small- and large-scale commercial clients.  Greengro Technologies also provides design, construction and maintenance services to large grow and cultivation operations and collectives in the medical and recreational marijuana sectors.  For more up-to-date information https://greengrotech.com/ , like our Facebook page at https://www.facebook.com/GreengroTechnologiesInc?ref=hl

WeedWall.com

WeedWall.com is the first legal marijuana social network focused on building conversations to educate and promote the legal marijuana market. WeedWall.com serves as a platform to allow patients and legal marijuana users access to world-class education and knowledge from everything on how to get a medical marijuana card to the nearest doctors and dispensaries to the latest deals on marijuana products. http://www.weedwall.com/home-1/

About Biodynamics

Biodynamics is an industry leader in Controlled Environment Agriculture (CEA), specifically commercial hydroponic vertical farms that use precision environmental control to protect crops from environmental elements and enable year-round production of high quality, locally grown produce.  Biodynamics focuses on offering turnkey, fully automated, off-grid, state-of-the-art, high-tech hydroponic vertical farms as one of the market’s premier indoor CEA systems providers. The company’s target market of customers includes businesses and institutions in the field of produce production and distribution.  Secondary markets include corporate R&D laboratories and university agricultural schools. Biodynamics’ Midwest offices are at 526 S. Main St., Akron, Ohio 44311. (P) 330-920-6040 (I) www.biodynamicscea.com; (Email) info@biodynamicscea.com



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iAnthus Capital and U.S. Cannabis Industry Leader - The Green Solution - Enter into Strategic Partnership and Credit Facility; iAnthus Concurrently Announces Bought Deal Private Placement of Convertible Debentures

iAnthus Capital and U.S. Cannabis Industry Leader Enter into Strategic Partnership and Credit Facility

iAnthus Capital and U.S. Cannabis Industry Leader – The Green Solution – Enter into Strategic Partnership and Credit Facility; iAnthus Concurrently Announces Bought Deal Private Placement of Convertible Debentures

iAnthus Capital and U.S. Cannabis Industry Leader - The Green Solution - Enter into Strategic Partnership and Credit Facility; iAnthus Concurrently Announces Bought Deal Private Placement of Convertible Debentures

Buz Investors iAnthus Capital TORONTO and NEW YORK, Feb. 6, 2017 /CNW/ – iAnthus Capital Holdings, Inc., (CSE: IAN), announced today that its wholly-owned US subsidiary, iAnthus Capital Management, LLC (which, together with iAnthus Capital Holdings Inc, is referred to herein as “iAnthus” or the “Company“), has entered into a strategic relationship with The Green Solution, LLC and certain of its affiliated Colorado entities (collectively, “TGS“). TGS is one of the largest regulated cannabis industry businesses in the United States, and operates 12 retail stores and integrated state-of-the-art cultivation and processing facilities in the state of Colorado. The strategic relationship includes an initial financing, by iAnthus to TGS, consisting of a US$7,500,000 loan facility (the “Loan Facility“). In addition, TGS has entered into an advisory agreement to provide iAnthus with operational expertise and advice in support of the Company’s investments in Massachusetts, Vermont, New Mexico and Colorado. TGS, through its affiliate TGS National Franchise, LLC (“TGS National Franchise“) will also facilitate introductions to franchisee operators in multiple states across the U.S., presenting the Company with significant opportunities for additional financing and equity-based investment partnerships with TGS National’s franchisee operators.



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iAnthus Capital

“iAnthus has established itself as a source of capital for licensed cannabis cultivators, processors and dispensaries throughout the United States and the decision to develop a strategic relationship with iAnthus was a simple one. This credit facility will allow us to add multiple licenses and stores for the Colorado market in 2017,” said TGS’ Co-CEO, Kyle Speidell. “We look forward to the start of this strategic relationship with iAnthus, as it helps us with our future growth plans in Colorado, and provides an opportunity to catalyze and accelerate our continued expansion across the United States.”

“TGS National Franchise is approved to offer an industry-first cannabis franchise in 47 states and uses the know-how and acumen of TGS to help entrepreneurs launch and operate their businesses,” said TGS National Franchise’s Co-CEO, Eric Speidell. “Working with iAnthus to ensure our partners have the proper capitalization is key to their success and is a perfect match for us.”

Hadley Ford, CEO of iAnthus, said: “TGS is one of the leading cannabis operators in the world, measured by impressive revenue growth and award-winning product quality, and we look forward to advancing this mutually beneficial strategic relationship. Our mission is to provide strategic capital and capital markets expertise to licensed US cannabis operators, such as TGS and TGS National Franchise’s franchisees.” Mr. Ford continued, “It’s an added benefit that TGS will provide iAnthus with advice and expertise to help us optimize our existing investments in Colorado and across the U.S.”

TGS Highlights:

  • TGS is the one of the largest licensed cannabis operators in Colorado, with over US$50 million in revenue in 2016 and a significant market share of the Colorado adult-use retail market;
  • Colorado is one of the largest regulated cannabis markets in the U.S., with an estimated US$1.3 billion of medical and adult-use sales in 2016;
  • TGS has earned over US$150 million in cumulative revenue since inception in 2010;
  • 12 retail locations, with at least 5 additional locations projected by TGS in 2017;
  • 300,000 square feet of indoor hydroponic cultivation;
  • Expertise in the manufacturing of cannabis infused products and extraction through five separate extraction methodologies, streamlined with standardized operating procedures;
  • Proprietary software, security and safety systems in a 25,000 square foot state-of-the-art infused products manufacturing and processing centre; and
  • Over 600 employees across TGS’ Colorado operations.

TGS National Franchise / TGS International Highlights:

  • TGS National Franchise is registered to offer franchises in 47 states, allowing leverage of its intellectual property and expertise by franchising operations and licensing award-winning products and brands to franchisees across the U.S.;
  • Existing top-line royalty-based franchise relationships in multiple states, including Florida, Illinois, and Maryland, with accelerated growth expected in 2017 and beyond; and
  • As announced on September 1, 2016 by OrganiGram Holdings Inc. (“OGI“), TGS’s international entity, TGS International, LLC, is providing OGI with exclusive consulting and licensing in Canada of over 225 unique TGS cannabis products.

The Loan Facility:

The Loan Facility consists of a credit facility between iAnthus’ wholly owned Colorado subsidiary, Scarlet Globemallow, LLC (“Scarlet“), and TGS’ parent company in the amount of US$7,500,000.  The Loan Facility has a term of one year, and interest on borrowings is payable at the rate of 14% during the first 4 months, escalating to 23% for the remaining 8 months. The Loan Facility will be drawn in tranches over the next four months, with the first tranche being US$2,150,000. The Loan Facility includes personal guaranties from the owners of TGS’ parent company. The investment is an arm’s length transaction and iAnthus holds no ownership interest in TGS or its parent company.

“TGS’ operational advice and involvement with iAnthus in our four current investments will leverage the years of experience that TGS has acquired in becoming one of the largest operators in the US and is expected to translate into meaningful benefits for iAnthus’ current investments including operational efficiencies and product formulation,” said iAnthus CFO, Julius Kalcevich.

Bought Deal Private Placement of Convertible Debentures

In conjunction with the Credit Facility, the Company has entered into an agreement with a syndicate of of underwriters led by Canaccord Genuity Corp. and including Beacon Securities Limited (the “Underwriters“) pursuant to which the Underwriters have agreed to purchase, on a bought deal, private placement basis, C$15,000,000 aggregate principal amount of unsecured convertible debenture (the “Convertible Debentures“) at a price of C$1,000 per Convertible Debenture (the “Offering“).

The Convertible Debentures will bear interest from the date of closing at 8.0% per annum, payable semi-annually on the last day of February and August of each year. The Convertible Debentures will have a maturity date of 24 months from the Closing Date of the Offering (the “Maturity Date“).

The Convertible Debentures will be convertible at the option of the holder into Common Shares at any time prior to the close of business on the Maturity Date at a conversion price of C$3.10 per Common Share (the “Conversion Price“). Beginning on the date that is four months and one day following the closing date of the Offering, the Company may force the conversion of all of the principal amount of the then outstanding Convertible Debentures at the Conversion Price on 30 days prior written notice should the daily volume weighted average trading price of the Common Shares be greater than C$4.50 for any 10 consecutive trading days.

The Convertible Debentures will be subject to redemption, in whole or in part, by the Company at any time after 12 months upon giving holders not less than 30 and not more than 60 days’ prior written notice, at a price equal to the then outstanding principal amount of the Convertible Debentures plus all accrued and unpaid interest up to and including the redemption date. Upon a change of control of the Company, holders of the Convertible Debentures will have the right to require the Company to repurchase their Convertible Debentures, in whole or in part, on the date that is 30 days following the giving of notice of the change of control, at a price equal to 104% of the principal amount of the Convertible Debentures then outstanding plus accrued and unpaid interest thereon (the “Offer Price“). If 90% or more of the principal amount of the Convertible Debentures outstanding on the date of the notice of the change of control have been tendered for redemption, the Company will have the right to redeem all of the remaining Convertible Debentures at the Offer Price.

Net proceeds from the Offering will be used primarily for funding the Credit Facility and for general working capital purposes.

Closing of the Offering is expected to occur on or about February 28, 2017. The Offering is in the form of a bought deal private placement (i) in Canada to “accredited investors” within the meaning of National Instrument 45-106 – Prospectus Exemptions and other exempt purchasers in each province of Canada, as agreed upon by the Company and the Underwriters, (ii) in the United States only to Qualified Institutional Buyers (within the meaning of Rule 144A), and in each case in compliance with the securities laws of the applicable states of the United States and (iii) outside Canada and the United States on a basis which does not require qualification or registration of the Convertible Debentures or Common Shares issuable upon conversion of the Convertible Debentures.

About iAnthus Capital Holdings

iAnthus Capital Holdings, Inc., through its 100% owned subsidiary, iAnthus Capital Management, LLC, delivers a comprehensive solution for financing licensed cannabis cultivators, processors and dispensaries throughout the United States. Founded by entrepreneurs with decades of experience in investment banking, corporate finance, law and healthcare services, we provide our licensed partners with a unique combination of investment capital and value-added cannabis industry expertise. We harness these capabilities to support a diversified portfolio of cannabis industry investments for our shareholders across the U.S. regulated cannabis market. For more information, visit www.ianthuscapital.com.

About The Green Solution

TGS has developed into one of the largest and most successful regulated cannabis businesses in the United States. The TGS Group has developed an extensive line of cannabis products, recipes, operating procedures, software, security systems, and other intellectual property, including The Green Solution™ and NectarBee™ brands, which have won numerous awards for quality, taste and consistency. For more information about TGS, visit www.mygreensolution.com or www.nectarbee.com.

Information pertaining to TGS was prepared and provided by TGS for inclusion in this news release.



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BNY Mellon Settles Charges Stemming From Miscalculations of Regulatory Capital Figures

BNY Mellon Settles Charges Stemming From Miscalculations of Regulatory Capital Figures

BNY Mellon Settles Charges Stemming From Miscalculations of Regulatory Capital Figures

BNY Mellon Settles Charges Stemming From Miscalculations of Regulatory Capital Figures

Buz Investors BNY Mellon Settles Charges The Securities and Exchange Commission today announced that BNY Mellon has agreed to pay a $6.6 million penalty to settle charges stemming from miscalculations of its risk-based capital ratios and risk-weighted assets reported to investors.

An SEC investigation found that BNY Mellon deviated from regulatory capital rules by excluding from its calculations approximately $14 billion in collateralized loan obligation assets that the firm consolidated onto its balance sheet in 2010.  BNY Mellon never obtained Federal Reserve Board approval as required under regulatory capital rules to exclude the assets from its calculations.  Due to the miscalculations and the firm’s lack of internal accounting controls to ensure its financial statements were being prepared properly, BNY Mellon understated its risk-weighted assets and overstated certain risk-based capital ratios in quarterly and annual reports from the third quarter of 2010 to the first quarter of 2014.

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BNY Mellon Settles Charges

“Regulatory capital ratios and risk-weighted assets are critical data points for investors in large banking institutions like BNY Mellon,” said Michael J. Osnato, Chief of the SEC Enforcement Division’s Complex Financial Instruments Unit.  “We will continue to aggressively focus on these kinds of disclosures to ensure that control failures do not prevent investors from receiving accurate and timely information.”

Without admitting or denying the charges, BNY Mellon consented to an SEC order finding that it violated internal controls and recordkeeping provisions of the federal securities laws, specifically Sections 13(b)(2)(A) and 13(b)(2)(B) of the Securities Exchange Act of 1934.

The SEC’s investigation was conducted by Armita Cohen and Amy Flaherty Hartman and the case was supervised by Michael Osnato, Reid Muoio, and Jeffrey Shank.  The SEC appreciates the assistance of the Board of Governors of the Federal Reserve System and the Federal Reserve Bank of New York.

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iAnthus Capital’s Hadley Ford on creating capital solutions for the cannabis market

iAnthus Capital’s Hadley Ford on creating capital solutions for the cannabis market

THE BUZ ON CANNABIS STOCK

  • Buz Investors iAnthus Capital Hadley Ford, Co-founder & Managing Director of iAnthus Capital Holdings, Inc. (CSE: IAN), in an interview with InvestorIntel Publisher Tracy Weslosky discuss how iAnthus offers entrepreneurs capital solutions in the exploding U.S. cannabis and medicinal marijuana market
  • a market that presently does not have access to institutional capital. With their official listing on the CSE today, Hadley explains how in addition to raising capital for these entrepreneurial ventures and providing real ‘value added capital’,
  • iAnthus will provide a wide range of business consulting from a significant team of accomplished entrepreneurs that have successfully done billions of dollars’ worth of deals through their careers.

iAnthus Capital

Buz Investors iAnthus Capital Hadley Ford, Co-founder & Managing Director of iAnthus Capital Holdings, Inc. (CSE: IAN), in an interview with InvestorIntel Publisher Tracy Weslosky discuss how iAnthus offers entrepreneurs capital solutions in the exploding U.S. cannabis and medicinal marijuana market

iAnthus Capital Tracy Weslosky: For all of our InvestorIntel audience out there iAnthus is a new listing on the CSE, can you give us a bit of an overview on what iAnthus Capital is Hadley?

Hadley Ford: iAnthus Capital solves a problem that exists in the US cannabis market today. Entrepreneurs who are either starting up their business, building their business or would like to buy out a partner, have no access to institutional capital. The City Banks and Bank of Americas of the world are on the side-lines. iAnthus was created to provide capital for those entrepreneurs.

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iAnthus Capital

Tracy Weslosky: Of course, I was reviewing your background and it’s substantial Hadley. You were the cofounder for ProCure Treatment Centers and you’ve literally done billions of dollars’ worth of deals or transactions, with Bank of America and Goldman Sachs. Can I ask you why someone with your background would get involved in medicinal marijuana sector?

Hadley Ford: Absolutely. At the heart I’m actually an entrepreneur. I like to provide great services for industries that I think there’s a need for it. It was clear to me — my brother and my sister are entrepreneurs within the cannabis space. They have had an incredibly difficult time in procuring capital to start up and grow their businesses. My skill set over the years has been raising capital. I thought it was a perfect match to be able to provide capital for these entrepreneurs who’ve been given the opportunity to provide medicine for patients around the United States.

Tracy Weslosky: Well, I’m going to put you a little bit on the spot here. I mean, I think you’re still understating your substantial professional career. You said something interesting to me when we first met about that you’re really focused on treating people with respect and dignity and ensuring that they receive excellent service and everything else will take care of itself. Now from one entrepreneur to another, and for our investment audience out there they know that I invest in the jockey, can you tell me why you’ve come up with this particular formula for doing business?

Hadley Ford: Oh, absolutely. Every business I’ve ever done there’s only one long-term differentiating piece you have and that’s your people. You can have technology. You can have patents. You can have market share. None of that matters if you don’t have the right people. What we’ve endeavoured to do is to build the right team here at iAnthus that can ensure all of our partners and customers are treated with respect and dignity with complete emphasis on service and delighting them every day. That’s what I’ve done in every part of my career whether it’s been financial service

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October Canadian Capital Inflows Strengthen To C$15.8 Billion

October Canadian Capital Inflows Strengthen To C$15.8 Billion

October Canadian Capital Inflows Strengthen To C$15.8 Billion

  • Buz Investors Canadian Capital Inflows Strengthen  Overseas investment into Canadian securities increased to C$15,8bn for October from C$11.8bn in September. This was higher than the expected figure of C$12.3bn and the strongest inflow for seven months.
  • For the first 10 months of 2016, total inflows increased to C$139.2bn from C$100.8bn the previous year. There was a decline in bond inflows for the month with a sharp decline in corporate bond inflows partially offset by net inflows into government bonds.
  • There was a sharp reversal in money-market flows to show a substantial inflow for the month of C$7.7bn after an outflow of C$5.4bn for September. These inflows were mainly .

Canadian Capital Inflows Strengthen

October Canadian Capital Inflows Strengthen To C$15.8 Billion

 

Canadian Capital Inflows Strengthen There was a sharp reversal in money-market flows to show a substantial inflow for the month of C$7.7bn after an outflow of C$5.4bn for September. These inflows were mainly concentrated in private corporate bonds.

Equity inflows declined on the month, but still recorded a strong net inflow of C$38.2bn for the first 10 months of the year from C$8.7bn previously.

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Canadian Capital Inflows Strengthen

There was a small increase in Canadian securities flows overseas to C$2.2bn from C$1.8bn in September, although the 10-month total of C$15.2bn was still below the C$26.4bn seen in the first 10 months of 2015.

The data overall will maintain optimism over the strength of short-term capital inflows and will provide a strong foundation for the balance of payments position with inflows comfortably offsetting the current account deficit. The strength of net flows should provide net currency support.




Prospect Capital Corporation(PSEC)- NASDAQ

Prospect Capital Corporation(PSEC)- NASDAQ




Prospect Capital Corporation(PSEC)– NASDAQ

Prospect Capital Corporation<span data-recalc-dims=(PSEC)- NASDAQ" width="300" height="104" srcset="https://i0.wp.com/investorsbuz.com/wp-content/uploads/2016/09/AAEAAQAAAAAAAAJ9AAAAJGI1NzFiNjViLTIwNGYtNGFjYi05Mjk3LTkwZjFlNjlhMDE1Yg.resized.png?resize=300%2C104 300w, https://i0.wp.com/investorsbuz.com/wp-content/uploads/2016/09/AAEAAQAAAAAAAAJ9AAAAJGI1NzFiNjViLTIwNGYtNGFjYi05Mjk3LTkwZjFlNjlhMDE1Yg.resized.png?w=640 640w" sizes="(max-width: 300px) 100vw, 300px" />

Prospect Capital Corporation (NASDAQ: PSEC) is a leading provider of flexible private debt and equity capital to sponsor-owned and non-sponsor-owned middle-market companies in the United States and Canada. PSEC is a publicly-traded closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940, as amended. PSEC completed its initial public offering in 2004.

PSEC invests primarily in first-lien and second-lien senior loans and mezzanine debt, which in some cases include an equity component. We provide capital to middle-market companies and private equity financial sponsors for refinancings, leveraged buyouts, acquisitions, recapitalizations, later-stage growth investments, and capital expenditures. PSEC’s portfolio is diversified across a wide variety of industries, including manufacturing, industrials, energy, business services, financial services, food, healthcare, and media, as well as many other sectors. PSEC also invests in the equity and subordinated debt tranches of collateralized loan obligations (CLOs).

Our investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. We seek to maximize returns and protect risk for our investors by applying rigorous credit analysis to make and monitor our investments. PSEC is a yield-oriented investor and has paid a continuous, regular dividend to its investors since inception.

PSEC is managed by Prospect Capital Management L.P. (“PCM”). PCM has been registered as an investment advisor with the United States Securities and Exchange Commission since 2004. PCM, its predecessors and affiliates have a 25-year history of investing in companies and managing high-yielding debt and equity investments, using both private partnership and publicly-traded closed-end structures.

 Prospect Capital Corporation (NASDAQ: ) is a leading provider of flexible private debt and equity capital to sponsor-owned and non-sponsor-owned middle market companies in the United States and Canada. PSEC is a publicly-traded closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940, as amended. PSEC is managed by Prospect Capital Management L.P. (“Prospect”).

Prospect reviews a range of financing situations, including:

* Mezzanine Debt
* Acquisitions
* Growth
* Development
* Financings
* Recapitalizations

As a yield-oriented company, PSC seeks investments with historical cash flows, asset collateral, or contracted pro forma cash flows.

Latest News Prospect

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Firm Capital American Realty Partners Corp. Announces Second Quarter Results

Firm Capital American Realty Partners Corp. Announces Second Quarter Results

Firm Capital American Realty Partners Corp. Announces Second Quarter Results

Firm Capital American Realty Partners Corp. Announces Second Quarter Results

TORONTO, Aug. 25, 2016 /CNW/ – Firm Capital American Realty Partners Corp. (formerly Delavaco Residential Properties Corp.) (“the “Company“), (TSXV : FCA.U) is pleased to report today its consolidated interim financial results for the three and six months endedJune 30, 2016.

QUARTER END AND YEAR-TO-DATE HIGHLIGHTS

  • For the quarter ended June 30, 2016, FFO was approximately a $1.2 million loss or a 42% improvement over the $2.1 million loss reported at June 30, 2015. AFFO was approximately a $1.0 million loss or a 48% improvement over the $2.0 million loss reported atJune 30, 2015;
  • FFO and AFFO per share for the quarter ended June 30, 2016 were both $(0.02) per share, respectively, both a 47% and 53% improvement over the $(0.04) per share reported as at June 31, 2015;
  • As at June 30, 2016, the Company had two asset portfolios:
    • Retained Investment Portfolio: Consisting of 66 mini-multi units (of which 44 units are residential condominium units) located across three buildings in Florida and 311 multi-family apartment units located across three buildings in Florida (1 building) andTexas (two buildings) with a fair value of approximately $42.6 million; and
    • Single Family Disposition Portfolio: Consisting of 565 single family homes located in Florida, Georgia and New Jersey with a fair value of approximately $33.8 million;
  • Occupancy: Occupancy for the retained investment portfolio was 96.8%, while the single family disposition portfolio had a 46.7% occupancy rate, as these properties are being sold;
  • Single Family Home Sales: During the quarter, 57 single family home units were sold for an aggregate sale price of approximately$2.8 million, bringing total sales since September 2014 to 226 single-family units for approximately $14.7 million. Subsequent to the end of the quarter, the Company sold four single family home units in Florida for an aggregate sales price of approximately $0.3 million and currently has 58 single family home units in Florida with conditional sales in place totaling approximately $3.6 million;
  • $3.2 Million in SSN Repayments: During the quarter, the Company repaid $2.7 million of the SSN from proceeds generated from home sales. Subsequent to the end of the quarter, the Company repaid an additional $0.5 million of the SSN.  As a result, the SSN balance went from $12.3 million at June 30, 2016 to approximately $11.8 million or 47% of the original balance;
  • SSN Maturity Date Extension: On July 4, 2016, the Company announced the completion of the SSN maturity date extension fromJune 30, 2016 to December 31, 2017;
  • New Senior Management Team and Board of Directors with Significant Ownership: On July 20, 2016, the Company formally changed its senior management and board of directors. This core group of individuals are dedicated to seeing the Company being transformed. This group collectively directly or indirectly control or have discretion of approximately 30% of the issued and outstanding common shares of the Company and as such, are fully aligned with investors; and
  • Corporate Name and Ticker Symbol Change: On August 2, 2016, the Company formally changed the corporate name and TSXV Ticker Symbol to ‘Firm Capital American Realty Partners Corp.” and “FCA.U”, respectively.

For the complete financial statements including Management’s Discussion & Analysis, please visit www.sedar.com or the Company’s website at www.firmcapital.com

ABOUT FIRM CAPITAL AMERICAN REALTY PARTNERS CORP.
Firm Capital American Realty Partners Corp. focuses on capital partnership investing in U.S. income producing real estate & mortgage debt investments.

The Company is focused on the following investment platforms:

  • Income Producing Real Estate Investments: Acquiring income producing U.S. real estate assets in major cities across the United States. Acquisitions are completed solely by the Company or in joint-venture partnership with local industry expert partners who retain property management; and
  • Mortgage Debt Investments: Real estate debt and equity lending platform focused on major cities across the United States. Focused on providing all forms of bridge mortgage loans and joint venture capital.

Prior to commencing its business plan, the goal of the Company is to dispose of the “Single Family Disposition Portfolio”.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain information in this news release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “intend” and similar expressions. Forward-looking statements in this news release include, but are not limited to, statements regarding the Company’s single family property disposition program and Debt Restructuring, which may not be completed within the estimated time frames specified above or at all. Failure to complete the steps described above or any delays in their implementation may have a material adverse affect upon the business of the Company and its market value. There is no assurance that the Company will be able to complete the disposition of the single property disposition portfolio at anticipated values or at all or that market conditions will support the debt and equity raises contemplated by the Company. There is no assurance that the implementation of the steps described above, even if completed as described above, will increase the market value of the Company’s securities, which is subject to numerous factors beyond the Company’s control.

Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; adverse factors affecting the U.S. real estate market generally or those specific markets in which the Company holds properties; volatility of real estate prices; inability to complete the Company’s single family property disposition program or Debt Restructuring in a timely manner; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; the ability of the Company to implement its business strategies; competition; currency and interest rate fluctuations and other risks.

Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Certain financial information presented in this press release reflect certain non-International Financial Reporting Standards (“IFRS“) financial measures, which include NOI, FFO and AFFO. These measures are commonly used by real estate investment companies as useful metrics for measuring performance, however, they do not have standardized meaning prescribed by IFRS and are not necessarily comparable to similar measures presented by other real estate investment companies. The Company believes that FFO and AFFO are important measures of operating performance. The IFRS measurement most directly comparable to AFFO is net income. These terms are defined in The Company’s Management Discussion and Analysis for the quarter ended June 30, 2016 filed on www.sedar.com.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.