Bitconnect Coin Price Last month on the 10th of June, the Bitconnect coin, better known to the community as BCC, reached an all-time

Bitconnect Coin Price Reaches All-Time High in June, Briefly Surpasses Growth Rate of Ethereum

Bitconnect Coin Price Reaches All-Time High in June, Briefly Surpasses Growth Rate of Ethereum

Bitconnect Coin Price Last month on the 10th of June, the Bitconnect coin, better known to the community as BCC, reached an all-time

FOREX INVESTORS BUZZ PRESS RELEASE Bitconnect Coin Price Last month on the 10th of June, the Bitconnect coin, better known to the community as BCC, reached an all-time high price at $59.24. The price of BCC increased from $1.76 to $59.24 within a three-month period, recording a staggering growth rate of 3,265 percent.

Since the beginning of 2017, the cryptocurrency market demonstrated an exponential growth rate, achieving a historic milestone on June 9 by surpassing $100 billion in market cap. Prior to this recent dip, the cryptocurrency market cap was valued to be $113 million at one point, with Bitcoin capturing 37.8 percent of the market.

“The fact that these gains have come from currencies other than Bitcoin are a good sign that this is less of a bubble and more of a resurgence of interest in crypto,” said Techcrunch journalist Fitz Tepper.

A major catalyst that contributed to the rapid growth of the cryptocurrency market was the global adoption of Bitcoin and Ethereum, two of the largest cryptocurrencies with a combined market cap of $77.6 billion. Since mid-2016, the demand toward Bitcoin as a safe haven asset and digital gold surged as mainstream media outlets began to provide extensive coverage on its performance.

 



Bitconnect Coin Price

International newspapers including the Wall Street Journal continuously featured Bitcoin on their front page, comparing the price trend of it to that of gold and the US dollar, the world’s largest asset and reserve currency.

As interest and demand toward digital currencies such as Bitcoin and Ethereum increased, a growing number of investors started to take interest in other cryptocurrencies in the market such as Litecoin, Ethereum Classic and Bitconnect that are amongst the largest cryptocurrencies and networks.

At the time of reporting, the market cap of Bitconnect, a crypto-network better known for its bitcoin lending platform, remains at around $346 million, making the Bitconnect network the 22nd largest cryptocurrency and blockchain network globally (editor’s note: the Bitconnect network is now ranked 10th).

Bitconnect’s three-month growth since April has been larger than that of most cryptocurrencies including Ethereum. Since April, Ethereum has recorded a 858.9 percent increase in price, from $39 to a peak at $374, triggering the interests of investors that have become enthusiastic of the launch of the Enterprise Ethereum Alliance (EEA) and the rise of initial coin offerings (ICOs).

|Chart | Calendar   | TRADE NOW | FORCAST | cryptocurrency 

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Aurora’s CanvasRx Subsidiary Surpasses 13,000 Patients Registered

Aurora’s CanvasRx Subsidiary Surpasses 13,000 Patients Registered

Aurora's CanvasRx Subsidiary Surpasses 13,000 Patients Registered

VANCOUVER, Nov. 10, 2016 /CNW/ – Aurora Cannabis Inc. (the “Company” or “Aurora”) (TSXV: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) is pleased to provide the following operational update.

CanvasRx Expands Leadership in Cannabis Patient Counseling

Aurora’s wholly owned subsidiary, CanvasRx, Canada’s largest network of cannabis patient counseling centres, continues to expand its leadership in patient outreach and registration. CanvasRx has now helped over 13,000 patients register with Licensed Producers, including more than 2,500 patients registered with Aurora. This represents growth in patient registration in excess of 30% since being acquired by Aurora in August, 2016. CanvasRx now has 20 locations across Canada, including Edmonton and Calgary. Five more locations are planned to be opened before the end of 2016.



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Aurora’s CanvasRx Subsidiary

 

Establishment of Onsite Analytical Laboratory

Aurora has begun taking receipt of the analytical equipment required for the establishment of its onsite laboratory. The equipment includes ultra-performance liquid chromatography, inductively coupled plasma mass spectrometry, and gas chromatography mass spectrometry. Once commissioned and once approved by Health Canada, the laboratory will save Aurora substantial time and money by allowing the Company to perform Health Canada mandated testing in-house. The facility will ensure that testing methodologies are applied consistently and accurately from batch to batch.

Additionally, the on-site lab facilities will accelerate releases by Quality Control of new batches of Aurora products to registered patients, shortening time to market and increasing sales capacity as the Company scales up to full production capacity.

Strong Revenue Generation – Fourth Consecutive Month Exceeding $1 Million

The Company’s gross revenues have exceeded $1 million for each of the months of July, August, September and October, 2016. In addition, on November 2, 2016 Aurora processed 1,096 orders and sold 19,745 grams of cannabis, the Company’s single highest volume day of sales since beginning commercial operations. The period from October 28 to November 3, 2016 represented Aurora’s largest seven-day sales performance ever, with a total of more than 50 kilograms sold.

Significantly Enhanced Cash Position with Strong Balance Sheet

With the recently announced closing of its $25 million convertible debenture, Aurora has significantly increased its current cash position. Aurora now has one of the strongest cash positions in the cannabis sector, with approximately $48 million in unrestricted cash available to execute on all the Company’s business strategies. These include funding the Company’s consolidated operations through to profitability and positive earnings per share, and the significant expansion of Aurora’s production capacity.

Furthermore, with the Company’s recent transition to the TSX Venture Exchange and greater access to growth capital, Aurora has leveraged this opportunity and immediately raised cash with limited shareholder dilution. This has enabled the Company to strengthen its balance sheet and improve its debt to equity ratio, through early repayment of its senior secured and high interest debt, and conversion into common shares of its $15 million 10% convertible debentures.

Facility Expansion

Down payments of approximately $2 million have been made to supply partners for the Company’s planned 650,000 square foot capacity expansion. Project planning and management teams have been formed and are progressing well with preparations.

Management Commentary

“We continue to fire on all cylinders, reaching more patients, continuing to integrate industry-leading technology, and further building our operational capabilities from a position of unprecedented financial strength,” said Terry Booth, CEO. “The strength of our balance sheet provides an exceptional opportunity to continue expanding our leadership position in this rapidly growing medical cannabis market. Furthermore, it provides us with the necessary financial resources, without the need to return to the capital markets, to begin preparing and positioning ourselves for the pending legalization of recreational use in Canada, a market estimated at up to $10 billion per year once mature. These preparations include the expansion of our production capacity through the construction of an additional, very large scale, best-in-class production facility.”

About Aurora

Aurora’s wholly-owned subsidiary, Aurora Cannabis Enterprises Inc., is a licensed producer of medical cannabis pursuant to Health Canada’s Access to Cannabis for Medical Purposes Regulations (ACMPR) and operates a 55,200 square foot, expandable, state-of-the-art production facility in Mountain View County, Alberta, Canada. Aurora trades on the TSX Venture Exchange under the symbol “ACB”.

 

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