LGC Capital Ltd. Grants Stock Options and Amends 2016 Stock Option Plan

MONTREALDec. 11, 2017 – LGC Capital Ltd. (TSXV: LG) (“LGC“) announces that on December 8, 2017, its Board of Directors granted an aggregate of 5,250,000 stock options to six of LGC’s directors and officers.  The stock options have an exercise price of $0.36, representing the closing price of LGC’s shares on the TSX Venture Exchange on December 7, 2017, and a term of ten years.  The stock options were granted under LGC’s 2016 Stock Option Plan.

LGC also announces that its Board of Directors amended the 2016 Stock Option Plan on December 8, 2017 so as to increase the number of shares that can be issued thereunder to 58,946,726 shares, equal to 20% of the 294,733,632 common shares of LGC issued and outstanding following the recent completion by LGC of its $3.73 million private placement.  The increase represents 12,137,661 additional common shares.  The amendment to the 2016 Stock Option Plan is subject to approval of the TSX Venture Exchange and to shareholder approval, which LGC intends to seek at its next annual meeting.

Following the amendment to the 2016 Stock Option Plan, the Board of Directors of LGC granted an aggregate of 9,750,000 additional stock options to six of LGC’s directors and officers.  These additional stock options also have an exercise price of $0.36 and a term of ten years and were granted under LGC’s 2016 Stock Option Plan, as amended.  The 9,750,000 stock options may not be exercised until such time, if any, as LGC acquires approval from the TSX Venture Exchange and shareholder approval for the amendment to the 2016 Stock Option Plan described in this press release.

About LGC Capital Ltd. (www.lgc-capital.com)

LGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSXV: LG). LGC’s objective is to become a diversified business group with core business divisions that provide shareholders with exposure to a diverse range of businesses, products and services.


Company & Media Contacts:

Canada Contact:
John McMullen, Chief Executive Officer
Tel: +1(416) 803-0698
Email: John@lgc-capital.com

London contact:
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations contact:
The Howard Group Inc.
Dave Burwell, Vice President
Tel: +1(403) 221-9015
Toll Free in Canada: 1-888-221-0915,
Email: dave@howardgroupinc.com

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements with respect to LGC Capital Ltd. (“LGC”), its operations, strategy, investments, financial performance and condition. These statements generally can be identified by use of forward-looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of LGC could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, government regulation and the factors described under “Risk Factors and Risk Management” in LGC’s Management’s Discussion and Analysis for the fiscal year ended September 30, 2016, as filed on SEDAR (www.sedar.com). The cautionary statements qualify all forward-looking statements attributable to LGC and persons acting on its behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and LGC has no obligation to update such statements, except to the extent required by applicable securities laws.s.

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

 

LGC Capital Receives Conditional Approval for AAA Trichomes Transaction

MONTREALDec. 6, 2017  – As per previously announced press release on October 31stLGC Capital Ltd. (TSXV: LG) (LGC) is pleased to announce that the TSX Venture Exchange has conditionally approved LGC’s proposed transaction with Québec-based Tricho-Med Corporation (doing business as AAA Trichomes).

LGC wishes to report that its due diligence review of AAA Trichomes has been completed, all major deal points have been agreed upon, and the remaining technical details are being finalized. Closing documentation is being prepared and LGC expects to sign the principal loan documentation with AAA Trichomes in the next few days, which will then be held in trust pending final TSX Venture Exchange approval. In order to obtain final approval for the transaction from the TSX Venture Exchange, LGC must file various documents, which it expects to do within the next few days.

At the closing of the transaction, LGC will subscribe for a convertible debenture of AAA Trichomes in an amount of $4,000,000(the “Debenture”). The Debenture will bear interest at an annual rate of 10%, have a term of four years and be secured by first-ranking security on all of AAA Trichomes’ assets. Upon AAA Trichomes obtaining a licence to cultivate marijuana from the relevant regulatory authorities, the Debenture will convert into common shares of AAA Trichomes, representing 49% of the then-issued and outstanding shares, and a 5% royalty on AAA Trichomes’ net sales. In the event that AAA Trichomes does not become a publicly-listed company within twelve months of having obtained the licence, LGC will receive such number of shares so that it owns 54% of the then-issued and outstanding shares of AAA Trichomes, subject to approval by the TSX Venture Exchange.

AAA Trichomes is planning to build a large new cannabis processing facility in the Province of Québec, to be built in three phases. Construction is expected to start within a few weeks of the closing of the transaction with LGC.

John McMullen, CEO of LGC stated, “LGC Capital is a Canadian investment company with a global perspective. We are very pleased to have the opportunity to invest in a Canadian-based company. We are very impressed with the AAA Trichomes management team as they are moving as quickly as possible towards production.”

Subject to AAA Trichomes becoming a licensed producer, the AAA Trichomes processing facility will be an enclosed multi-level medical cannabis production operation. AAA Trichomes is scheduled to start operations in 2019 with an initial annual production rate of more than 2,500 kilograms reaching a planned production rate of more than 20,000 kilograms by 2021.

About AAA Trichomes

AAA Trichomes was incorporated in 2014 with the objective of becoming a manufacturer and distributor of cannabis products in Canada with an initial focus on the Québec market. Since November 2016, AAA Trichomes has been in the final review stage with Health Canada for the processing of its application to become a licensed producer under the Access to Cannabis for Medical Purposes Regulations.

About LGC Capital Ltd. (www.lgc-capital.com)

LGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSXV: LG). LGC is a diversified investment company with core holdings in businesses that provide shareholders with exposure to a diverse range of high-growth businesses, products and services. To date, LGC has entered into agreements for investments in private cannabis operations in South AfricaAustralia and Canada. LGC also has a strategic alliances with AfriAg (Pty) Ltd. to grow and distribute medical and recreational cannabis products in the southern African region for export to regulated and certified end users around the world; and with Creso Pharma Limited for the creation of a vertically-integrated cannabis operation, which includes cultivation, IP generation, product development, and commercialization. LGC Capital Ltd. is headquartered in Montreal, Canada.


Company & Media Contacts:

Canada Contact:
John McMullen, Chief Executive Officer
Tel: +1(416) 803-0698
Email: John@lgc-capital.com

London contact:
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations contact:
The Howard Group Inc.
Dave Burwell, Vice President
Tel: +1(403) 221-9015
Toll Free in Canada: 1-888-221-0915,
Email: dave@howardgroupinc.com

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements with respect to LGC Capital Ltd. (“LGC”), its proposed investment in AAA Trichomes, and LGC’s operations, strategy, investments, financial performance and condition. These statements generally can be identified by use of forward-looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of LGC, including its proposed investment in AAA Trichomes, could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, government regulation and the factors described under “Risk Factors and Risk Management” in LGC’s Management’s Discussion and Analysis for the fiscal year ended September 30, 2016, as filed on SEDAR (www.sedar.com). The cautionary statements qualify all forward-looking statements attributable to LGC and persons acting on its behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and LGC has no obligation to update such statements, except to the extent required by applicable securities laws.

Information Relating to AAA Trichomes:
All information contained in this press release relating to Tricho-Med Corporation (doing business as AAA Trichomes) has been provided to LGC by AAA Trichomes. LGC has relied upon this information without having made independent inquiries as to its accuracy or completeness and assumes no responsibility for any inaccuracy or incompleteness of such information.

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

 

Canada Jetlines Spreads Its Wings by Announcing Halifax Stanfield International Airport as its Eastern Operational Base

VANCOUVER, BRITISH COLUMBIA, Canada Jetlines Ltd. (JET: TSX-V) (JETMF: OTCQB) (the “Company” or “Jetlines”) is pleased to announce that it intends to offer ultra-low fare service from Halifax Stanfield International Airport (YHZ), when it begins flight operations targeted for Summer 2018.

Stan Gadek, CEO of Jetlines stated, “We are pleased to announce the selection of Halifax Stanfield International Airport as our eastern operations base. Halifax is the leading airport of the Atlantic provinces and we look forward to lowering the cost of air travel to and from Atlantic Canada with our Ultra-Low Fares.” This announcement marks the third airport that Jetlines has agreed to terms with, in addition to Hamilton, ON and Abbotsford, BC, as we continue to implement our strategy of becoming Canada’s first true Ultra-Low Cost Carrier (ULCC).

Bert van der Stege, Chief Commercial Officer, Halifax International Airport Authority stated, “We’re delighted that Canada Jetlines has selected Halifax Stanfield as one of their first airports in the country. Experience has shown that the model of low cost and low fare travel stimulates demand and we look forward to offering passengers more travel options between Atlantic Canada, Hamilton, ON and Abbotsford, BC.”

About Canada Jetlines Ltd.

Canada Jetlines is set to become Canada’s first ultra-low cost carrier (ULCC) airline, with plans to operate flights across Canada and provide non-stop service from Canada to the United States, Mexico and the Caribbean. Jetlines is led by a board and management team with extensive experience and expertise in low-cost airlines, start-ups and capital markets. The Company was granted an unprecedented exemption from the Government of Canada that will permit it to conduct domestic air services while having up to 49% foreign voting interests.

Jetlines plans to operate modern Boeing 737-800NG aircraft in a 189 seat, all-coach configuration. Additional services for baggage, seat selection and onboard beverages will be available to customers for an additional charge. Jetlines is planning to begin ticket sales through its website www.jetlines.ca in Spring 2018 and targeting start of flight operations for Summer 2018, subject to government approval.

For more information on Jetlines, please visit our website at www.jetlines.ca.

ON BEHALF OF THE BOARD

“Mark J. Morabito”
Executive Chairman

Canada Jetlines is part of the King & Bay group of companies. King & Bay is a merchant bank that specializes in identifying, funding, developing and supporting growth opportunities in the resource, aviation, and technology sectors.


Contact Information

For more information, please contact:
The Howard Group Inc.
Tel: (403) 221-0915
Toll Free: 1-888-221-0915
Jeff Walker:jeff@howardgroupinc.com

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” concerning anticipated developments and events that may occur in the future. Forward looking information contained in this news release includes, but is not limited to, statements with respect to the business plan, ticket sales and future airline operations of the Company.

In certain cases, forward-looking information can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the accuracy, reliability and applicability of the Jetlines’ business model; the timely receipt of governmental approvals, including the receipt of approval from regulators in Canada, the United States, Mexico and other jurisdictions where Jetlines may operate; the timely commencement of operations by Jetlines and the success of such operations; the ability of Jetlines to implement its business plan as intended; the legislative and regulatory environments of the jurisdictions where the Jetlines will carry on business or have operations; the impact of competition and the competitive response to the Jetlines’ business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to acts of God, the impact of general economic conditions, changing domestic and international airline industry conditions, volatility of fuel prices, increases in operating costs, terrorism, pandemics, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement Jetlines’ operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, including the risk that the financing necessary to fund operations may not be obtained and the additional risks identified in the “Risk Factors” section of the Company’s reports and filings with applicable Canadian securities regulators.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information.

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

LGC Capital Ltd. Raises $3 Million At First Closing Of Private Placement

Montreal, Quebec – December 1, 2017 – LGC Capital Ltd. (TSXV: LG) (“LGC”) is pleased to announce that it has raised gross proceeds of $2,980,773 at a first closing of its previously­announced private placement by issuing 19,871,822 units at a price of $0.15 per unit. LGC expects to hold a final closing for the balance of 5,647,326 units ($847,099) by Wednesday, December 6, which will bring the total amount raised in the private placement to $3,827,872. The units were sold to “accredited investors” in Canada and internationally.

Each of the units is comprised of one common share and one common share purchase warrant; each warrant entitles its holder to acquire one additional LGC common share at a price of $0.25 for a period of 18 months from the closing date of the private placement. In the event that the volume weighted average trading price of LGC’s shares on the TSX Venture Exchange for a period of ten consecutive trading days is at least $0.30, LGC will be entitled to send a notice to the holders of the warrants accelerating the expiry date of the warrants to a date not less than 30 days after the date of such notice.

As previously announced, LGC will use the net proceeds from the private placement to meet its obligations within LGC’s current cannabis investment portfolio and for working capital.

At the first closing, LGC paid cash commissions to various securities dealers in an aggregate amount of $127,624, representing 5% of the proceeds from the sale of units sold through such dealers. In addition, LGC issued an aggregate of 850,828 “broker warrants” to such dealers, representing an amount equal to 5% of the number of units sold through them. Each of the “broker warrants” entitles its holder to purchase one additional unit at a price of $0.15 for a period of 18 months from the closing date of the private placement.

The securities issued at the first closing are subject to a “hold period” which expires on April 2, 2018.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, and these securities will not be offered or sold in any jurisdiction in which their offer or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act’), or any state securities laws of the United States. Accordingly, these securities will not be offered or sold to persons within the United States unless an exemption from the registration requirements of the 1933 Act and applicable state securities laws is available.

About LGC (http://www.lgc-capital.com)
LGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSXV: LG). LGC is a diversified investment company with core holdings in businesses that provide shareholders with exposure to a diverse range of high-growth businesses, products and services. To date, LGC has entered into agreements for investments in private cannabis operations in South Africa, Australia and Canada. LGC also has a joint venture with AfriAg (Pty) Ltd. to grow and distribute medical and recreational cannabis products in the southern African region for export to regulated and certified end users around the world, and a strategic alliance with Creso Pharma Limited for the creation of a vertically-integrated cannabis operation, which includes cultivation, IP generation, product development, and commercialization. LGC is headquartered in Montreal, Canada.


Company & Media Contacts:

Canada Contact:
John McMullen, Chief Executive Officer
Tel: +1(416) 803-0698
Email: John@lgc-capital.com

London contact:
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations contact:
The Howard Group Inc.
Dave Burwell, Vice President
Tel: +1(403) 221-9015
Toll Free in Canada: 1-888-221-0915,
Email: dave@howardgroupinc.com

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements with respect to LGC Capital Ltd. (“LGC”), its operations, strategy, investments, financial performance and condition, and the private placement referred to above. These statements generally can be identified by use of forward-looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of LGC could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, government regulation and the factors described under “Risk Factors and Risk Management” in LGC’s Management’s Discussion and Analysis for the fiscal year ended September 30, 2016, as filed on SEDAR (www.sedar.com). The cautionary statements qualify all forward-looking statements attributable to LGC and persons acting on its behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and LGC has no obligation to update such statements, except to the extent required by applicable securities laws.

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

 

LGC Capital Provides an Update on its Private Placement and Binding Letter of Intent with Creso Pharma & Baltic Beer Company

MONTREALNov. 30, 2017 – LGC Capital Ltd. (TSXV: LG) (“LGC”) announces that it will close its previously-announced private placement of units, at an issue price of $0.15 per unit, in an amount of $3,727,872 in order to comply with the policies of the TSX Venture Exchange relating to the pricing of private placements, rather than in an amount of approximately $4.265 million as announced by LGC on November 28, 2017. LGC expects to complete the private placement this week.

Each of the units to be issued by LGC will be comprised of one common share and one common share purchase warrant; each warrant will entitle its holder to acquire one additional LGC common share at a price of $0.25for a period of 18 months from the closing date of the private placement. In the event that the volume weighted average trading price of LGC’s shares on the TSX Venture Exchange for a period of ten consecutive trading days is at least $0.30, the warrants will expire, at the sole discretion of LGC, on the 30th day after the date on which LGC sends a notice in prescribed form to the holders of the warrants.

The units are being offered to “accredited investors” in Canada and internationally. LGC will use the net proceeds from the private placement to meet its obligations within LGC’s current cannabis investment portfolio and for working capital.

LGC also wishes to provide an update on its previously-announced binding Letter of Intent with Creso Pharma Limited (Australia and Switzerland) and Baltic Beer Company Ltd (UK), to develop and market a bespoke portfolio of cannabis and hemp-derived alcoholic and non-alcoholic beverages. The portfolio of beverages will contain various ingredients including seeds, extracts and terpenes from hemp and cannabis plants. LGC and Creso Pharma will each make an initial investment in the joint venture of € 150,000 (approximately CAD $225,000) for research and development, brand development and testing, which will be carried out by Baltic Beer. Each party will have a 33% interest in the joint venture.

About LGC Capital (http://www.lgc-capital.com)
LGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSXV: LG). LGC is a diversified investment company with core holdings in businesses that provide shareholders with exposure to a diverse range of high-growth businesses, products and services. To date, LGC has entered into agreements for investments in private cannabis operations in South Africa, Australia and Canada. LGC also has a joint venture with AfriAg (Pty) Ltd. to grow and distribute medical and recreational cannabis products in the southern African region for export to regulated and certified end users around the world, and a strategic alliance with Creso Pharma Limited for the creation of a vertically-integrated cannabis operation, which includes cultivation, IP generation, product development, and commercialization. LGC is headquartered in Montreal, Canada.

Company & Media Contacts:

Canada Contact:
John McMullen, Chief Executive Officer
Tel: +1(416) 803-0698
Email: John@lgc-capital.com

London contact:
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations contact:
The Howard Group Inc.
Dave Burwell, Vice President
Tel: +1(403) 221-9015
Toll Free in Canada: 1-888-221-0915,
Email: dave@howardgroupinc.com

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements with respect to LGC Capital Ltd. (“LGC”), its operations, strategy, investments, financial performance and condition, and the private placement and joint venture referred to above. These statements generally can be identified by use of forward-looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of LGC or the joint venture could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, government regulation and the factors described under “Risk Factors and Risk Management” in LGC’s Management’s Discussion and Analysis for the fiscal year ended September 30, 2016, as filed on SEDAR (www.sedar.com). The cautionary statements qualify all forward-looking statements attributable to LGC and persons acting on its behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and LGC has no obligation to update such statements, except to the extent required by applicable securities laws.

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

 

LGC Capital, Creso Pharma and Baltic Beer Company Ltd sign Binding Letter of Intent to develop cannabis and hemp derived alcoholic and non-alcoholic beverages

Highlights:

  • LGC Capital has signed a binding letter of intent with Creso Pharma Ltd and Baltic Beer Company Ltd

  • The new joint venture will create a bespoke portfolio of unique cannabis and hemp-derived alcoholic and non-alcoholic beverages

  • Creso Pharma to expand its product offering into the growing edible and lifestyle markets

  • Research and development work already underway in Switzerland, Estonia and the United Kingdom

MONTREAL, Nov. 29, 2017  – LGC Capital Ltd. (TSXV: LG) (“LGC”) is pleased to announce that LGC, Creso Pharma Limited (Australiaand Switzerland) and Baltic Beer Company Ltd (UK), the home of the multi-award winning Viru Beer, have signed a Binding Letter of Intent to develop and market a bespoke portfolio of cannabis- and hemp-derived alcoholic and non-alcoholic beverages containing various ingredients, seeds, extracts and terpenes from hemp and cannabis plants.

The new joint venture company will include the following board members: Dr. Miri Halperin Wernli of Creso Pharma, John McMullen of LGC, and Alex Klaos of Baltic Beer Company Ltd, whose role will be to oversee the day-to-day operations of the new entity to ensure product development, growth targets and distribution reach are achieved.

Research and development work has already started in Switzerland, Estonia and the United Kingdom on a premium craft beer range containing unique terpenes mixes mimicking the terpenes of the cannabis plant. Terpenes are essential oils (organic compounds) found in plants that carry flavour and aroma.

The terpenes in the beer will carry the characteristic odour and fragrance of cannabis with the same taste and feel but will not contain THC or CBD or any other cannabinoids. The terpene mixes used to formulate the beers will have the smell and aroma of cannabis but in reality they originate from other plants mimicking the special mixtures. This is a significant advantage as it avoids the issue of regulatory restrictions.

Terpenes are safe molecules and are recognized as GRAS (“GRAS” = Generally Recognized as Safe) as attested by the U.S. Food and Drug Administration (FDA) classifying them as Food Additives, and by the Food and Extract Manufacturers Association and other world regulatory bodies classifying them as Safe (see WHO1/ FEMA GRAS2).

It is expected the first test batches of the terpene beer will reach selected markets in April/May 2018, with commercial sales expected to be ready for shipments from June/July 2018.

“This new joint venture combines Creso Pharma’s cannabis and hemp expertise with the prestigious and multiple award-winning beer creators, Baltic Beer Company, to develop and provide consumers with innovative, high-quality hemp- and cannabis-derived beverages. Through the vast geographic reach of the three parties which spans a number of continents, future commercial and distribution partners have already been identified and are eagerly anticipating this innovative new range of drinks,” said Creso Pharma’s CEO and Co-Founder, Dr. Halperin Wernli.

The joint venture partners have already identified potential distribution partners in Europe, far East Asia, Central and Latin America, Canada, Africa and with the recent legalization of hemp seed-based food and drink products in Australia and New Zealand, partners have been identified in this region as well.

Further research and development will identify other opportunities within the legal framework of the target markets, which focus on a range of premium beers containing cannabis- and hemp-derived components. The joint venture partners plan to expand their portfolio into other alcoholic and non-alcoholic beverages with further announcements to be made in due course.

The joint venture will market and sell its products only in full compliance with local market regulations and only after securing all appropriate regulatory approvals. LGC’s participation in the joint venture is conditional upon it obtaining all requisite regulatory approvals, including that of the TSX Venture Exchange.

“The cannabis infused beverage industry is an emerging and growing industry and we see a lot of potential value in this market. We also note Constellation Brands’ (NYSE:STZ) recent minority stake in Canada-based Canopy Growth Corporation which clearly signals real interest in this sector from much larger, established and more traditional business,” said John McMullen, CEO of LGC.

Alex Klaos, Director of Baltic Beer Company Ltd stated, “This partnership brings together parties who have the expertise and proven history to develop unique cannabis and hemp plant derived product offerings for consumers. We are all very excited about working with Creso Pharma and LGC on this project. The partners bring scientific expertise, significant financial investment and a wealth of experience in the beer industry which we believe will be a resounding success.”

David Lenigas, LGC founder and Co-Chairman commented, “This is an excellent first venture with Creso Pharma. The international hemp and cannabis-infused beverage market is growing at significant rates and we are committed to becoming an active player in this exciting new market. Viru is already exporting their award-winning beer to many countries around the world, and with Creso Pharma’s scientific expertise, we look forward to working actively to create something of real value.”

About LGC Capital (http://www.lgc-capital.com)
LGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSXV: LG). LGC is a diversified investment company with core holdings in businesses that provide shareholders with exposure to a diverse range of high-growth businesses, products and services. To date, LGC has entered into agreements for investments in private cannabis operations in South Africa, Australia and Canada. LGC also has a joint venture with AfriAg (Pty) Ltd. to grow and distribute medical and recreational cannabis products in the southern African region for export to regulated and certified end users around the world, and a strategic alliance with Creso Pharma Limited for the creation of a vertically-integrated cannabis operation, which includes cultivation, IP generation, product development, and commercialization. LGC is headquartered in Montreal, Canada.

Company & Media Contacts:

Canada Contact:
John McMullen, Chief Executive Officer
Tel: +1(416) 803-0698
Email: John@lgc-capital.com

London contact:
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations contact:
The Howard Group Inc.
Dave Burwell, Vice President
Tel: +1(403) 221-9015
Toll Free in Canada: 1-888-221-0915,
Email: dave@howardgroupinc.com

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements with respect to LGC Capital Ltd. (“LGC”), its operations, strategy, investments, financial performance and condition, and the private placement and joint venture referred to above. These statements generally can be identified by use of forward-looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of LGC or the joint venture could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, government regulation and the factors described under “Risk Factors and Risk Management” in LGC’s Management’s Discussion and Analysis for the fiscal year ended September 30, 2016, as filed on SEDAR (www.sedar.com). The cautionary statements qualify all forward-looking statements attributable to LGC and persons acting on its behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and LGC has no obligation to update such statements, except to the extent required by applicable securities laws.

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

 

QYOU Media Inc. Reports Record Q1 Revenue

  • Quarterly revenues increase 69% year over year on record quarterly revenue surpassing $1.5M

DUBLIN, IrelandLOS ANGELES and TORONTONov. 29, 2017 – QYOU Media Inc. (TSXV: QYOU) (“QYOU Media”) a global media company that curates and packages premium ‘best-of-the-web’ video for multiscreen distribution has reported financial results for the quarter ended September 30, 2017. All figures appear in Canadian dollars.

Financial Highlights for the Quarter

  • For the quarter ending September 30, 2017, revenues were $1,514,938, compared to revenues of $897,057 for the three months ended September 30, 2016.
  • The adjusted Net Loss increased 23% to $923,210 for the period ended September 30, 2017 compared to $751,232 for the same period in 2016 due primarily to increased operating expenses to support revenue growth.
  • Balance of cash and cash equivalents was $1,982,841 compared to $1,256,050 for the same period in 2016 and represented a reduction of $600,125 from the previous quarter in 2017.

QYOU Media’s CEO Curt Marvis stated, “QYOU continues to build momentum via our strong global partnerships with companies like TATA Sky, Ericsson and Sinclair Broadcast Group. We anticipate a strong finish to 2017 and expect to enter 2018 with great momentum including the launch of HUD, our flagship esports format in January. Our recent launches of localized content in India and Poland has solidified our leadership position in these markets. In addition, our recently completed$5.75 million financing via Clarus Securities has strengthened our balance sheet and provides us growth capital.”

Detailed information in QYOU Media’s financial statements for the three months ended September 30, 2017 and 2016, the notes to the financial statements and QYOU Media’s interim management discussion and analysis and quarterly highlights have been posted to the Company’s website and have been filed under QYOU Media Inc.’s profile on SEDAR at www.sedar.com.

About QYOU Media Inc.

QYOU Media Inc. is a fast-growing global media company that curates and packages premium ‘best-of-the-web’ video for multiscreen distribution. Founded and created by industry veterans from Lionsgate, MTV, and CinemaNow, QYOU’s millennial-focused products including linear television networks, genre-based series, mobile apps, and video-on-demand formats reach millions of customers on six continents. Distribution partners include Sinclair Broadcast Group, Vodafone, 21st Century Fox, Liberty Global, Telenor and TATA Sky. More information on QYOU Media can be found at www.theqyou.com.

Non-GAAP Financial Measures

This press release makes reference to certain non-GAAP financial measures. These measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS and may not be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS financial measures by providing further understanding of QYOU Media’s results of operations from management’s perspective. QYOU Media’s definitions of non-GAAP measures used in this press release may not be the same as the definitions for such measures used by other companies in their reporting. Non-GAAP measures have limitations as analytical tools and should not be considered in isolation nor as a substitute for analysis of QYOU Media’s financial information reported under IFRS. QYOU Media uses non-GAAP financial measures, including “adjusted net loss”, to provide investors with supplemental measures of its operating performance and to eliminate items that have less bearing on operating performance or operating conditions, and thus highlight trends in its core business that may not otherwise be apparent when relying solely on IFRS financial measures. QYOU Media defines “adjusted net loss” as the company net loss, less non-cash related expenses of $412,843 (stock based compensation of $142,149, foreign exchange of $264,217 and depreciation of $6,477).

QYOU Media believes that securities analysts, investors and other interested parties frequently use non-GAAP financial measures in the evaluation of issuers. QYOU Media’s management also uses non-GAAP financial measures in order to facilitate operating performance comparisons from period to period.


Contacts
Jeff Walker
Investor Relations, The QYOU
+1 403 221 0915
jeff@howardgroupinc.com

Natasha Roberton
VP Marketing, The QYOU
+49 152 2254 7680
tash@qyoutv.com

Forward-looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities laws, including statements regarding QYOU Media’s financial outlook, partnerships and new product launches, future financial performance and any growth or expansion of operations. Words such as “expects”, “anticipates” and “intends” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on QYOU Media’s current projections and expectations about future events and financial trends that management believes might affect its financial condition, results of operations, business strategy and financial needs, and on certain assumptions and analysis made by QYOU Media in light of the experience and perception of historical trends, current conditions and expected future developments and other factors management believes are appropriate. These projections, expectations, assumptions and analyses are subject to known and unknown risks, uncertainties, assumptions and other factors that could cause actual results, performance, events and achievements to differ materially from those anticipated in these forward-looking statements. Although QYOU Media believes that the assumptions underlying these forward-looking statements are reasonable, they may prove to be incorrect, and readers cannot be assured that actual results will be consistent with these forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements as a result of numerous factors, including certain risk factors, many of which are beyond QYOU Media’s control. Additional risks and uncertainties regarding QYOU Media are described in its publicly-available disclosure documents, filed by QYOU Media on SEDAR (www.sedar.com) except as updated herein. The forward-looking statements contained in this news release represent QYOU Media’s expectations as of the date of this news release, or as of the date they are otherwise stated to be made, and subsequent events may cause these expectations to change. QYOU Media undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

Neither TSX Venture 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.

LGC Capital to Close Over-subscribed Private Placement for $4.265 Million

MONTREAL, November 28, 2017 – LGC Capital Ltd. (TSXV: LG) (“LGC”) is pleased to announce that it has closed the subscription books for its previously-announced private placement at a price of $0.15 per unit and expects to complete the private placement in an amount of approximately $4.265 million this week. In light of demand, LGC increased the size of the private placement from the previously-announced maximum of $3.25 million.

John McMullen, CEO of LGC stated“We at LGC Capital are very pleased with the global market response we have received throughout this capital raise. With these funds, LGC will now advance its global portfolio of businesses with our partners. These additional funds will help LGC to grow at a faster pace than we originally envisaged. We thank our new shareholders for their trust in LGC’s management and our plan to expand the scope of businesses that we are looking to invest in globally.”

Each of the units to be issued by LGC will be comprised of one common share and one common share purchase warrant; each warrant will entitle its holder to acquire one additional LGC common share at a price of $0.25 for a period of 18 months from the closing date of the private placement. In the event that the volume weighted average trading price of LGC’s shares on the TSX Venture Exchange for a period of ten consecutive trading days is at least $0.30, the warrants will expire, at the sole discretion of LGC, on the 30th day after the date on which LGC sends a notice in prescribed form to the holders of the warrants.

The units are being offered to “accredited investors” in Canada and internationally. LGC will use the net proceeds from the private placement to meet its obligations within LGC’s current cannabis investment portfolio and for working capital.

About LGC (http://www.lgc-capital.com)
LGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSXV: LG). LGC is a diversified investment company with core holdings in businesses that provide shareholders with exposure to a diverse range of high-growth businesses, products and services. To date, LGC has entered into agreements for investments in private cannabis operations in South Africa, Australia and Canada. LGC also has a joint venture with AfriAg (Pty) Ltd. to grow and distribute medical and recreational cannabis products in the southern African region for export to regulated and certified end users around the world, and a strategic alliance with Creso Pharma Limited for the creation of a vertically-integrated cannabis operation, which includes cultivation, IP generation, product development, and commercialization. LGC is headquartered in Montreal, Canada.

Company & Media Contacts:

Canada Contact:
John McMullen, Chief Executive Officer
Tel: +1(416) 803-0698
Email: John@lgc-capital.com

London contact:
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations contact:
The Howard Group Inc.
Dave Burwell, Vice President
Tel: +1(403) 221-9015
Toll Free in Canada: 1-888-221-0915,
Email: dave@howardgroupinc.com

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements with respect to LGC Capital Ltd. (“LGC”), its operations, strategy, investments, financial performance and condition, and the private placement referred to above. These statements generally can be identified by use of forward-looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of LGC could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, government regulation and the factors described under “Risk Factors and Risk Management” in LGC’s Management’s Discussion and Analysis for the fiscal year ended September 30, 2016, as filed on SEDAR (www.sedar.com). The cautionary statements qualify all forward-looking statements attributable to LGC and persons acting on its behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and LGC has no obligation to update such statements, except to the extent required by applicable securities laws.

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

 

QYOU joins YoufoneTV line-up in Netherlands

  • QYOU’s linear channel has been incorporated into YoufoneTV, the newly launched OTT service from the Dutch SIM-only provider, Youfone
  • New agreement marks QYOU’s fifth deal in the Netherlands, showing the momentum for short form video content in the region

TORONTO, DUBLIN, and LOS ANGELES, Nov. 24, 2017 – QYOU Media (TSXV: QYOU), the world’s leading curator of premium ‘best-of-web’ video for multiscreen distribution, today announces its linear channel will be available as part of Youfone’s programming line-up on its recently launched OTT service, YoufoneTV. The QYOU’s content will be rolled out to Youfone’s 170,000 mobile subscribers as it looks to engage millennial audiences with the best of short form video through its multiscreen offering.

Youfone is a rapidly growing sim-only provider in the Netherlands, targeting millennials who do not want to be tied into long contracts, preferring to use the device of their choice. To extend its reach among this audience, Youfone launched a new digital OTT service called YoufoneTV last year. The service is targeted at the 18-39 demographic and offers freedom to choose how they watch the highest quality TV. Youfone selected QYOU’s expertly curated ‘best-of-the-web’ channel to meet the tastes of consumers raised on a diet of short form video and viral media.

Tim Seegers, Content Manager, YoufoneTV commented: “Millennials are on the move all the time and comfortable with using a range of devices. YoufoneTV is therefore designed for a highly mobile audience with a multiscreen offering that suits their lifestyles. For Youfone to be successful we need to feature entertainment that reflects the tastes and interests of our younger customers – QYOU’s channel helps us do exactly that.”

The new distribution agreement shows the growing momentum of online video content in the Netherlands.

Curt Marvis, CEO and Co-Founder, QYOU Media says: “There is no doubt that the Netherlands is leading the world when it comes to evolving content strategies that meet the needs of millennial audiences. This is shown clearly by the fact this is our fifth agreement in the country in the last two years. We’re really excited to work with Youfone to introduce more Dutch viewers to the never-dull, always-entertaining world of QYOU.”

About QYOU Media

QYOU Media Inc. is a fast-growing global media company that curates and packages premium ‘best-of-the-web’ video for multiscreen distribution. Founded and created by industry veterans from Lionsgate, MTV, and CinemaNow, QYOU’s millennial-focused products including linear television networks, genre-based series, mobile apps, and video-on-demand formats reach millions of customers on six continents. Distribution partners include Sinclair Broadcast Group, Vodafone, 21st Century Fox, Liberty Global, Telenor and TATA Sky.

About Youfone

Youfone is a provider of sim only subscriptions, especially to young adults (18-39 years). The provider has grown rapidly in recent years, amongst others, through acquisitions. The Rotterdam Telecom Challenger and FD Gazelle are increasingly engaging in connecting services. Youfone looks beyond the limits within its own industry, but also offers innovative products via smartphone or tablet to actively engage new consumers.


Contacts

Holly Searle
Platform Communications for QYOU Media
+44 (0) 207 486 4900
holly@platformcomms.com

Jeff Walker
Investor Relations – for QYOU Media
+ 1 403 221 0915
jeff@howardgroupinc.com

Natasha Roberton
VP Marketing, QYOU Media
+49 152 2254 7680
tash@qyoutv.com

QYOU Media Inc. Completes $5.75 Million Bought Deal Financing

TORONTO, ONTARIO and DUBLIN, IRELAND and LOS ANGELES, CALIFORNIA – QYOU Media Inc. (TSX VENTURE:QYOU)(OTCQB:QYOUF) (“QYOU” or the “Company”) is pleased to announce that it has closed its previously announced bought deal short form prospectus offering, including the exercise in full of the underwriter’s over-allotment option (the “Offering”). In connection with the Offering, the Company issued 15,541,100 units of the Company (the “Units”). The Units were sold at a price of $0.37 per Unit for aggregate gross proceeds of $5,750,207. The Offering was underwritten by Clarus Securities Inc.

Each Unit consisted of one common share in the capital of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant will entitle the holder thereof to acquire one common share of the Company at a price of $0.55 per share until November 21, 2019.

Subscriptions by insiders of the Company accounted for approximately $92,500 of the gross proceeds of the Offering. Participation by the insiders in the Offering is exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) by virtue of the exemptions contained in Sections 5.5(b) and 5.7(1)(b) of MI 61-101.

The net proceeds from the Offering are expected to be used toward (i) production cost for content creation; (ii) content licensing; (iii) channel delivery; and (iv) working capital and general corporate purposes. For additional details regarding the use of proceeds of the Offering, please see the Company’s final short form prospectus dated November 16, 2017, which is available under the Company’s profile on SEDAR at www.sedar.com.

In connection with the Offering, PowerOne Capital Markets Limited acted as a special advisor to the Company.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of QYOU Media Inc. in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities offered in the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the United States Securities Act of 1933, as amended, and applicable state securities laws, or unless an exemption from such registration is available.

About QYOU Media
QYOU curates and packages premium ‘best-of-the-web’ video for multiscreen distribution. Founded and created by industry veterans from Lionsgate MTV and CinemaNow, QYOU’s millennial and gen-Z focused products include linear television networks, genre-based series, mobile apps, and video-on-demand formats reach millions of customers on six continents. Distribution partners include Sinclair Broadcast Group, Vodafone, 21st Century Fox, Liberty Global, Telenor and TATA Sky. Additional information relating to the Company is also available on SEDAR at www.sedar.com.


Contacts
Jeff Walker
Investor Relations, The QYOU
+1 403 221 0915
jeff@howardgroupinc.com

Natasha Roberton
VP Marketing, The QYOU
+49 152 2254 7680
tash@qyoutv.com

Forward-looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities laws, including statements regarding the Offering and the Closing Date. Words such as “expects”, “anticipates” and “intends” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on QYOU’s current projections and expectations about future events and other factors management believes are appropriate. Although QYOU believes that the assumptions underlying these forward-looking statements are reasonable, they may prove to be incorrect, and readers cannot be assured that the Offering and the closing thereof will be consistent with these forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements as a result of numerous factors, including certain risk factors, many of which are beyond QYOU’s control. Additional risks and uncertainties regarding QYOU are described in its publicly-available disclosure documents, filed by QYOU on SEDAR (www.sedar.com) except as updated herein. The forward-looking statements contained in this news release represent QYOU’s expectations as of the date of this news release, or as of the date they are otherwise stated to be made, and subsequent events may cause these expectations to change. QYOU undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

Neither TSX Venture 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.

LGC Capital Increases Size of Oversubscribed Private Placement Financing and Provides Update on Quebec Cannabis Investment

MONTREAL, November 21, 2017 – LGC Capital Ltd. (TSXV: LG) (“LGC”) is pleased to provide an update on LGC’s previously-announced private placement financing and its proposed investment in new Quebec cannabis-focused AAA Trichomes.

Private Placement Financing – Over Subscribed

LGC is pleased to announce that in light of very heavy demand, it has decided to increase the maximum amount of its previously-announced private placement by 62% to CDN $3.25 million. On November 16, 2017, LGC announced a private placement of units in a maximum amount of CDN $2 million. Closing of the private placement is scheduled to take place this week. LGC has increased the financing amount to pursue further cannabis growth opportunities globally currently under consideration.

AAA Trichomes – Quebec, Canada

The previously-announced closing date for the proposed transaction with Tricho-Med Corporation, doing business as AAA Trichomes (“AAA Trichomes”), has been revised from November 24 to November 29, 2017.

As announced on October 31, 2017, LGC signed an option to acquire a 49% interest in Quebec-based AAA Trichomes, plus a 5% royalty on its net sales. AAA Trichomes is planning to build a significant new cannabis processing facility in the Province of Quebec.

All parties are working diligently and LGC is pleased with the progress made to date on this proposed transaction. The parties have mutually agreed to extend the deal closing date to allow for completion of the due diligence review and obtaining the necessary regulatory approvals, including that of the TSX Venture Exchange.

John McMullen, CEO of LGC states“We are pleased with the size and scope of the transactions currently happening in the cannabis sector and we believe that we are building the next investment opportunity with our international business model. This is evident by the solid uptake in this current private placement. We have received interest and orders from sizable global institutions and high net worth individuals, who I believe will be great partners as we move to the next level as a cannabis investment company. These new funds are targeted at growing the existing investment portfolio and seeking new cannabis opportunities globally.”

David Lenigas, Co-Chairman of LGC added“On behalf of LGC and in recognition of yesterday’s announcement by our Swiss strategic partner Creso Pharma, we applaud Creso’s achievement in expanding its global footprint and entering the very sizable Chinese market.”

http://www.skynews.com.au/business/business/company/2017/11/20/creso-pharma-enters-chinese-market.html

As previously announced, LGC and Creso Pharma Limited have entered into a letter of intent for a strategic alliance for the purpose of establishing a vertically-integrated cannabis enterprise with a global footprint spanning cultivation, IP generation, innovative product development and commercialisation.


About AAA Trichomes:
AAA Trichomes was incorporated in 2014 with the objective of becoming a manufacturer and distributor of cannabis products in Canada with an initial focus on the Quebec market. Since November 2016, AAA Trichomes has been in the final review stage with Health Canada for the processing of its application to become a licensed producer under the Access to Cannabis for Medical Purposes Regulations.

About LGC Capital Ltd. (www.lgc-capital.com)
LGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSXV: LG). LGC is a diversified investment company with core holdings in businesses that provide shareholders with exposure to a diverse range of high-growth businesses, products and services. To date, LGC has entered into agreements for investments in private cannabis operations in South Africa, Australia and Canada. LGC also has a joint venture with AfriAg (Pty) Ltd. to grow and distribute medical and recreational cannabis products in the southern African region for export to regulated and certified end users around the world, and a strategic alliance with Creso Pharma Limited for the creation of a vertically-integrated cannabis operation, which includes cultivation, IP generation, product development, and commercialization. LGC is headquartered in Montreal, Canada.

For further information please contact:

LGC Capital:
John McMullen, Chief Executive Officer
Tel: +1(416) 803-0698
Email: John@lgc-capital.com

London contact:
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations contact:
The Howard Group Inc.
Dave Burwell, Vice President
Tel: +1(403) 221-9015
Toll Free in Canada: 1-888-221-0915,
Email: dave@howardgroupinc.com

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements with respect to LGC Capital Ltd. (“LGC”), Tricho-Med Corporation (“AAA Trichomes”) and Creso Pharma Limited (“Creso”) and their respective operations, strategies, investments, financial performance and condition. These statements generally can be identified by use of forward-looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of LGC, AAA Trichomes and Creso, respectively, including the proposed transactions described herein, could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, government regulation and the factors described under “Risk Factors and Risk Management” in LGC’s Management’s Discussion and Analysis for the fiscal year ended September 30, 2016, as filed on SEDAR (www.sedar.com). The cautionary statements qualify all forward-looking statements attributable to LGC, AAA Trichomes and Creso, as the case may be, and persons acting on their behalf, respectively. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and LGC has no obligation to update such statements, except to the extent required by applicable securities laws.

Information Relating to AAA Trichomes and Creso:
All information contained in this press release relating to AAA Trichomes and Creso has been provided to LGC by each, respectively. LGC has relied upon this information without having made independent inquiries as to its accuracy or completeness and assumes no responsibility for any inaccuracy or incompleteness of such information.

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

 

CEMATRIX Corporation Announces Third Quarter Financial Results

Calgary, Alberta – November 16, 2017: CEMATRIX Corporation (TSXV: CVX) (the “Corporation” or the “Company” or “CEMATRIX”) announces the release of its consolidated financial results for the three and nine months ended September 30, 2017.

“2017 has been a tough year to date,” stated Jeff Kendrick, President and CEO of CERMATRIX, “as growth in infrastructure sales has still not been sufficient to offset the 98% decline in sales related to oil and gas construction sales. This decline in the oil and gas construction market was anticipated, but, not to the extent that has occurred. The good news is that infrastructure sales have grown by 66%, as compared to the same period in 2016, and these infrastructure sales are expected to replace all  of the lost oil and gas construction sales in 2018, thus returning the Company to profitability, with continued upside potential.”

Financial Results

Selected financial information for the three and nine months ended September 30, 2017 and 2016 is as follows:

Third Quarter Highlights 

  • In the third quarter of 2017 infrastructure sales were up 100%, but this was offset by decline in oil and gas sales resulting in a slight decrease in sales;
  • The gross margin percentage on sales was up to 20.3% from 6% the previous year;
  • A new web site was released October 25, 2017, highlighting why CEMATRIX is the premier supplier in North America; and
  • Management, with the assistance of BDC Consulting, completed a strategic review of This work confirmed that there is a large growing cellular concrete market in Canada and the United States and that CEMATRIX is the leader in the Canadian market; this work also highlighted the need for more salesman on the ground to realize on this growing opportunity and this will be part of the CEMATRIX plan for 2018 and beyond.

Year to Date Highlights 

  • Year to date infrastructure sales were up by 66% but this was not sufficient yet to offset the 2% decline in higher margin oil and gas sales;
  • The sales pipeline for North America remains above $100 million and continues to grow; and
  • The new Lafarge agreements have not resulted in any significant new sales for CEMATRIX; both companies continue to evaluate the results to date and are working to enhance the program covered in both the joint marketing and regional expansion agreements.

This press release should be read in conjunction with the Corporation’s unaudited Consolidated Financial Statements and Management Discussion and Analysis for the three and six months ended June 30, 2017, both of which can be found on SEDAR.

Neither TSX Venture 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.

For further information, please contact:

Jeff Kendrick – President and Chief Executive Officer
Phone: (403) 219-0484

Jeff Walker – The Howard Group – Investor Relations
Phone: (888) 221-0915 or (403) 221-0915
jeff@howardgroupinc.com

Forward-looking information: This news release contains certain information that is forward looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as “anticipate”, expect”, “would’ or other similar words). Forward looking statements in this document are intended to provide CEMATRIX security holders and potential investors with information regarding CEMATRIX and its subsidiaries’ future financial and operations plans and outlook. All forward looking statements reflect CEMATRIX’s beliefs and assumptions based on information available at the time the statements were made. Readers are cautioned not to place undue reliance on this forward looking information. CEMATRIX undertakes no obligation to update or revise forward looking information except as required by law. For additional information on the assumptions made and the risks and uncertainties which may cause actual results to differ from the anticipated results, refer the CEMATRIX’s Management Discussion and Analysis dated May 4, 2016 under CEMATRIX’s profile on SEDAR at www.sedar.com and other reports filed by CEMATRIX with Canadian securities regulators.

LGC Capital Ltd. Announces Private Placement

MONTREAL, Nov. 16, 2017  – LGC Capital Ltd. (TSXV: LG) (“LGC”) is pleased to announce that it has received conditional approval from the TSX Venture Exchange for a private placement of units at a price of $0.15 per unit. The private placement will be in a minimum amount of $1 million (6,666,666 units) and a maximum amount of $2 million (13,333,333 units). LGC expects the closing of the private placement to take place within the next week.

Each of the units will be comprised of one common share and one common share purchase warrant; each warrant will entitle its holder to acquire one additional LGC common share at a price of $0.25 for a period of 18 months from the closing date of the private placement. In the event that the volume weighted average trading price of LGC’s shares on the TSX Venture Exchange for a period of ten consecutive trading days is at least $0.30, the warrants will expire, at the sole discretion of LGC, on the 30th day after the date on which LGC sends a notice in prescribed form to the holders of the warrants.

The units are being offered to “accredited investors” in Canada and internationally. LGC will use the net proceeds from the private placement to meet its obligations within LGC’s current cannabis investment portfolio and for working capital.

At the closing of the private placement, LGC will pay cash commissions to various securities dealers in an amount equal to 5% of the proceeds from the sale of units sold through such dealers. In addition, LGC will issue “broker warrants” to such dealers in an amount equal to 5% of the number of units sold through them. Each of the broker warrants will entitle the holder to purchase one additional LGC common share at a price of $0.15 for a period of 18 months from the closing date of the private placement.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, and these securities will not be offered or sold in any jurisdiction in which their offer or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws of the United States. Accordingly, these securities will not be offered or sold to persons within the United States unless an exemption from the registration requirements of the 1933 Act and applicable state securities laws is available.

About LGC (http://www.lgc-capital.com)
LGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSXV: LG). LGC’s is a diversified investment company with core holdings in businesses that provide shareholders with exposure to a diverse range of high growth businesses, products and services. To date, LGC has entered into agreements for investments in private cannabis operations in South Africa, Australia and Canada. The company also has a strategic alliances with AfriAg (Pty) Ltd. to grow and distribute medical and recreational cannabis products in the southern African region for export to regulated and certified end users around the world; and with Creso Pharma Limited for the creation of a vertically-integrated cannabis operation, which includes cultivation, IP generation, product development, and commercialization. LGC Capital Ltd. is headquartered in Montreal, Canada.

For further information please contact:

LGC Capital:
John McMullen, Chief Executive Officer
Tel: +1(416) 803-0698
Email: John@lgc-capital.com

London contact:
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations contact:
The Howard Group Inc.
Dave Burwell, Vice President
Tel: +1(403) 221-9015
Toll Free in Canada: 1-888-221-0915,
Email: dave@howardgroupinc.com

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements with respect to LGC Capital Ltd. (“LGC”), its operations, strategy, investments, financial performance and condition, and the private placement referred to above. These statements generally can be identified by use of forward-looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of LGC could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, government regulation and the factors described under “Risk Factors and Risk Management” in LGC’s Management’s Discussion and Analysis for the fiscal year ended September 30, 2016, as filed on SEDAR (www.sedar.com). The cautionary statements qualify all forward-looking statements attributable to LGC and persons acting on its behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and LGC has no obligation to update such statements, except to the extent required by applicable securities laws.

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

 

QYOU India premieres on Tata Sky, announces partnership with Pocket Aces

  • Pocket Aces channels “Filter Copy”, “Dice Media” and “Gobble” added to the premiere line-up

  • “All India” programming block features locally produced content from leading digital first program partners

Toronto/Los Angeles/Dublin 16 November 2017QYOU Media Inc (TSXV: QYOU; OTCQB: QYOUF) a fast-growing global media company that curates and packages premium ‘best-of-the-web’ video for multiscreen distribution, has announced the premiere this week of “QYOU India” to 17 million Tata Sky’s customers across television and mobile devices. The localized channel features programs reflecting the best of India’s unique internet culture with showcases of premium digital first content from many of the country’s most talented and popular content creators.

QYOU India will meet the growing appetite for this digital first content among Tata Sky’s younger subscribers by bringing QYOU’s curated and localized channel to Ch 200 (HD) & Ch 201 (SD) and via the Tata Sky app on Live TV and VOD.  QYOU India is working with many of India’s leading digital first content creators to curate the channel.

Ahead of the launch, QYOU has also inked a content partnership with Pocket Aces, one of the fastest growing Indian digital content companies. Through this partnership, Pocket Aces channels ‘FilterCopy’ and ‘Gobble’ will be made available on QYOU along with Dice Media web-series ‘Not Fit’. Pocket Aces is known for its quality programming in the digital space, with a weekly reach of over 40 million through their channels FilterCopy, Gobble and Dice Media. Their latest web-series “What The Folks” has become the most successful web-series in India in 2017.

Aditi Shrivastava, co-founder of Pocket Aces commented, “We are thrilled to be a part of QYOU India on TATA Sky. Our company is committed to creating amazingly relatable and shareable content for millennials and gen-z audiences. We are reaching over 40 million unique audiences every week through our own platforms, and distributing via QYOU India gives us another wonderful opportunity to expand this reach. We look forward to distributing more and more programming via our partnership.”

“We know that younger audiences often seek out the latest local content on the internet so this next step in our partnership with Tata Sky brings our curation of the best of India’s vibrant online content to audiences through their TV subscription” said Curt Marvis, CEO and Co-founder of QYOU Media. “We have sourced some of the best local talent to make the shows as relevant and engaging as possible. We are delighted to add Pocket Aces to the programming line-up for this launch.”

Some of the new shows featured on the channel are:

  • QYOU India: A one hour clip compilation show of all India “best of web” short form video clips
  • FilterCopy: Freshly brewed short videos from the sharable content channel of Pocket Aces
  • Dice Media: 10-episode web series Not Fit from the premium web series channel of Pocket Aces
  • Gobble: Mouth-watering recipe videos from the food channel of Pocket Aces
  • VIBE: An authentic content destination documenting the change in narrative for urban youth culture
  • Being Indian: The one stop shop for all things Indian. Presenting to you India at its quirkiest best.
  • DESI HIP HOP: The No. 1 platform empowering Desi Hip Hop Culture globally with music, videos & events

About QYOU Media
QYOU Media Inc. (TSXV:QYOU | OTCQB: QYOUF) is a fast-growing global media company that curates and packages premium ‘best-of-the-web’ video for multiscreen distribution. Founded and created by industry veterans from Lionsgate, MTV, and CinemaNow, QYOU’s millennial and gen-Z focused products include linear television networks, genre-based series, mobile apps, and video-on-demand formats reaching millions of customers on six continents. Distribution partners include Sinclair Broadcast Group, Vodafone, 21st Century Fox, Liberty Global, Telenor and TATA Sky. More information on the company can be found at www.theqyou.com.

About Pocket Aces
Pocket Aces is one of the fastest growing digital entertainment companies in India today. The company, funded by Sequoia Capital, conceptualizes, creates, and distributes engaging original content for millennial audiences through its channels Dice Media (web-series), FilterCopy (sharable and snackable short-form content), and Gobble (everything food). Its website www.filtercopy.com clocks more than 7 million page views each month.

Pocket Aces has amassed more than 900 million video views in the last 24 months, and over 100 million organic views in the last month alone. The company has delivered extremely successful content with several large brands such as Kurkure, Flipkart, Lifestyle, Xiaomi, Manforce Condoms, Kingfisher, Saffola, etc. Their most recently released web series “What The Folks” has become India’s most successful series of 2017.

The company uses data analytics extensively to create and analyse content, understand audiences, and optimize distribution and marketing spends, and is also syndicating its content to other platforms such as Dainik Bhaskar, Ola Play, Sony Liv, Hungama Play, NextGTV, Dailymotion, etc. Pocket Aces is also the only Indian digital company to be streaming its content in China.

Contacts

Holly Searle
Platform Communications for QYOU Media
+44 (0) 207 486 4900
holly@platformcomms.com

Jeff Walker
Investor Relations – for QYOU Media
+ 1 403 221 0915
jeff@howardgroupinc.com

LGC Capital’s Strategic Partner Creso Pharma achieves landmark milestone with the commercial launch of first animal health product in Switzerland

MONTREALNov. 14, 2017 – LGC Capital Ltd.  (TSXV: LG) (“LGC”) is pleased to announce its strategic partner Creso Pharma (CPH-ASX) disseminated the following news release yesterday about the launch of its cannabis-based product anibidiol® in Switzerland and Lichtenstein. Of note, Creso Pharma and LGC have agreed that LGC will be spearheading the distribution of this product in Southern Africa and Canada through LGC’s investee businesses, subject to their obtaining all necessary regulatory approvals.


Creso Pharma and Virbac launch anibidiol® – the first Swiss approved hemp product with CBD as a complementary feed for companion animals

Creso Pharma and Virbac are pleased to announce the launch in Switzerland of anibidiol®, a natural complementary feed for companion animals containing a standardized amount of hemp extract with cannabidiol (CBD), the non-psychoactive substance of the hemp plant. The product supports companion animals’ immune system, its natural defenses and contributes to balanced behavior. It is now available for the first time to Swiss veterinarians.

anibidiol® is the first Swiss Agroscope conformed complementary feed for companion animals that contains natural hemp extract with CBD and is THC-free.

anibidiol® promotes the well-being of the animal by supporting its immunity and natural defense system. anibidiol® also supports a balanced behavior of the pet.

anibidiol® contains natural full plant hemp extract as well as hemp seed oil. This proprietary combination of CBD, the fatty acids Omega 3, Omega 6 and Omega 9, terpenes, flavonoids, and other active herbal ingredients have a complex interaction which enhances their overall health-promoting effect. The anibidiol® product range directly addresses the need for natural, non-pharmaceutical therapeutic approaches which are well tolerated by animals. The CBD contained in anibidiol® does not cause GI and dependency side effects and has a very good safety and tolerability profile.

In order to guarantee professional advice anibidiol® is marketed in Switzerland exclusively by Virbac and only through veterinary practices. The individually-packed portions contain a granulate formulation, which is mixed once a day with the pet’s food.

anibidiol® was developed by Creso Pharma, an Australian-Swiss company based in Zug and Perth. It is produced in Switzerland by Creso’s partner Swiss-based food and pharma development company, Domaco, Dr. med Aufdermaur AG (Domaco) and is marketed exclusively in Switzerland by Virbac (Switzerland) AG, Glattbrugg ZH.

Virbac is a global pharmaceutical animal health company with a presence in over 100 countries and more than 4,800 employees and sales subsidiaries in 31 countries. With a turnover of €872 million in 2016, Virbac ranks today as the 7th largest pharmaceutical veterinary company worldwide. Virbac operates through presence in North America (17%), Europe (39%), Latin America (16%), Far East (15%), and Rest of the World (13%). Its wide range of vaccines and medicines are used in the prevention and treatment of the main pathologies for companion and food-producing animals.

Creso Pharma CEO and Co-Founder Dr. Miri Halperin Wernli said: “We are very excited to launch anibidiol® in Switzerland and thrilled to be working in partnership with Virbac, such a well-established global company in the animal health field. This is the first introduction of our hemp-based complementary feed products for companion animals in the veterinary market. “It is a particularly significant launch for us as it is Creso’s first product launch in Europe and we intend to follow it with many more. “We look forward to working with Virbac to successfully promote, market and launch further quality hemp-based animal health products.” The recession-resistant worldwide animal health market is estimated to be USD 30 billion1 and is projected to continue to show rapid growth. Forty-one percent of pet owners have considered or tried various alternative therapies including nutritional supplements (29%) and herbal remedies (7%).2

Creso Pharma Switzerland is a subsidiary of Creso Pharma Limited, based in Perth, Australia, and listed on the Australian stock exchange ASX. Creso Pharma Switzerland develops, produces and markets worldwide hemp-based innovative nutraceutical products for humans and complementary feed products for animals. In Switzerland, Creso Pharma Switzerland markets its products for animal health with Virbac (Switzerland) AG. www.anibidiol.com

Virbac (Switzerland) Ltd., headquartered in Zurich-Glattbrugg, is part of the Virbac Group from France, which is dedicated exclusively to animal health, in more than 100 countries and on all five continents. Virbac (Schweiz) AG has a wide range of innovative health products for the prophylaxis and treatment of the most important diseases of domestic animals and livestock.

Vetnosis review 2016

2 Brown, L. P. (2001) Pet nutraceuticals: hype or wave of the future? Nutraceuticals World. January/February 2001 issue, pp. 34–41. Retrieved 31st July 2017 from: http://www.nutraceuticalsworld.com/issues/2001‐01/view_features/petnutraceuticals/ 

 


About Creso Pharma

Creso Pharma brings pharmaceutical expertise and methodological rigour to the world of medicinal cannabis and strives for the highest quality in its products. It is the leader in medicinal cannabis and cannabidiol (CBD) innovation and develops cannabis- and hemp-derived therapeutic-grade nutraceuticals and medicinal cannabis products with wide patient and consumer reach for human and animal health. Creso uses GMP development and manufacturing standards for its products as a reference of quality excellence with initial product registrations in Switzerland. It has worldwide rights for a number of unique and proprietary innovative delivery technologies which enhance the bioavailability and absorption of cannabinoids.

About Domaco, Dr. med Aufdermaur AG

Domaco, Dr. med Aufdermaur AG is a Swiss-based food and pharma development company that owns the rights to a number of innovative delivery systems used to administer active ingredients through galenic forms which is a way of preparing and compounding medicines in order to optimise their absorption.

About LGC Capital Ltd. (http://www.lgc-capital.com)

LGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSXV: LG). LGC’s is a diversified investment company with core holdings in businesses that provide shareholders with exposure to a diverse range of high growth businesses, products and services. To date, LGC has entered into agreements for investments in private cannabis operations in South Africa, Australia and Canada. The company also has a strategic alliances with AfriAg (Pty) Ltd. to grow and distribute medical and recreational cannabis products in the southern African region for export to regulated and certified end users around the world; and with Creso Pharma Limited for the creation of a vertically-integrated cannabis operation, which includes cultivation, IP generation, product development, and commercialization. LGC Capital Ltd. is headquartered in Montreal, Canada.

For further information please contact:

LGC Capital:
John McMullen, Chief Executive Officer
Tel: +1(416) 803-0698
Email: John@lgc-capital.com

London contact:
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations contact:
The Howard Group Inc.
Dave Burwell, Vice President
Tel: +1(403) 221-9015
Toll Free in Canada: 1-888-221-0915,
Email: dave@howardgroupinc.com

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements with respect to LGC Capital Ltd. (“LGC”) and Creso Pharma Limited (“Creso”) and their respective operations, strategy, investments, financial performance and condition. These statements generally can be identified by use of forward-looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of LGC and Creso, including their proposed strategic alliance described herein, could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, government regulation and the factors described under “Risk Factors and Risk Management” in LGC’s Management’s Discussion and Analysis for the fiscal year ended September 30, 2016, as filed on SEDAR (www.sedar.com). The cautionary statements qualify all forward-looking statements attributable to LGC or Creso, as the case may be, and persons acting on their behalf, respectively. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and neither LGC nor Creso has any obligation to update such statements, except to the extent required by applicable securities laws.

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