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Creative Medical Technology Holdings Provides Update on ImmCelz® FDA Application

PR Newswire

PHOENIX, March 3, 2021 /PRNewswire/ — (OTC-CELZ) Creative Medical Technology Holdings announced today that due to COVID related technical changes in the FDA’s submission requirements, the Company’s ImmCelz® Investigational New Drug Application (IND) for the treatment of Stroke will be resubmitted to the FDA in electronic form to comply with such requirements.  Previously, the FDA had accepted IND applications in hard copy submitted by mail.

Due to the complexity of the new requirements, Creative Medical Technology Holdings has retained the services of an FDA consulting firm with the expertise to assist it with the FDA’s electronic submission procedures, which include formatting, hyperlinking, and tagging requirements.  The Company believes that retaining a third party firm experienced in FDA electronic submissions will better equip the Company to navigate and comply with the FDA’s new requirements.

Resubmission of the Company’s ImmCelz® IND will not change the substance of the Company’s application to the FDA.  As previously reported, the IND seeks approval from the FDA to initiate the first clinical trial using cellular immunotherapy for treatment of stroke, using the Company’s ImmCelz® product. 

About Creative Medical Technology Holdings Creative Medical Technology Holdings, Inc. is a commercial stage biotechnology company specializing in regenerative medicine/stem cell technology in the fields of immunotherapy, urology, neurology and orthopedics and is listed on the OTC under the ticker symbol CELZ. For further information about the company, please visit www.creativemedicaltechnology.com.

Forward Looking Statements OTC Markets has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming clinical trials and laboratory results, marketing efforts, funding, etc. Forward-looking statements address future events and conditions and, therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. See the periodic and other reports filed by Creative Medical Technology Holdings, Inc. with the Securities and Exchange Commission and available on the Commission’s website at www.sec.gov.

 

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SOURCE Creative Medical Technology Holdings, Inc.

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Twilio Announces Proposed Public Offering of $1.0 Billion of Senior Notes

Twilio Announces Proposed Public Offering of $1.0 Billion of Senior Notes

SAN FRANCISCO–(BUSINESS WIRE)–
Twilio Inc. (“Twilio”) (NYSE: TWLO) today announced that it intends to offer, subject to market and other conditions, $1.0 billion of unsecured senior notes in a transaction registered under the Securities Act of 1933, as amended. The offering will be made only by means of a prospectus supplement and accompanying prospectus under Twilio’s effective shelf registration statement. The interest rate, offering price, and other terms of the notes will be determined by Twilio.

Twilio intends to use the net proceeds of the offering for general corporate purposes, which may include the acquisition of other companies or businesses, strategic investments, the refinancing or repayment of debt, capital expenditures, working capital and share repurchases.

J.P. Morgan, Morgan Stanley and BofA Securities are acting as joint book-running managers for the proposed offering. Academy Securities, Cabrera Capital Markets and Siebert Williams Shank are acting as co-managers for the proposed offering.

The public offering is being made pursuant to an automatic shelf registration statement on Form S-3 that was filed by Twilio with the U.S. Securities and Exchange Commission (the “SEC”) on May 29, 2020 and automatically became effective upon filing. A preliminary prospectus supplement and accompanying prospectus relating to and describing the terms of the offering will be filed with the SEC and are available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and accompanying prospectus, when available, may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204, or by email at [email protected]; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall there be any sale of the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Twilio

Millions of developers around the world have used Twilio to unlock the magic of communications to improve any human experience. Twilio has democratized communications channels like voice, text, chat, video, and email by virtualizing the world’s communications infrastructure through APIs that are simple enough for any developer to use, yet robust enough to power the world’s most demanding applications. By making communications a part of every software developer’s toolkit, Twilio is enabling innovators across every industry — from emerging leaders to the world’s largest organizations — to reinvent how companies engage with their customers.

Source: Twilio Inc

Investor Contact:

Andrew Zilli

[email protected]

Media Contact:

Carolyn Bos

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Software Technology Internet

MEDIA:

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QIWI announces CFO resignation

NICOSIA, Cyprus, March 03, 2021 (GLOBE NEWSWIRE) — QIWI plc (NASDAQ: QIWI) (MOEX: QIWI) (“QIWI” or the “Company”), a leading provider of next generation payment and financial services in Russia and the CIS, today announced that Pavel Korzh, the Chief Financial Officer (the “CFO”) of the Company, will be resigning from his position as CFO effective April 2, 2021. Mr. Korzh has confirmed that his resignation is due to personal reasons and not related to any disagreements or disputes with the management or the Board of Directors of the Company on any matters including the Company’s accounting principles, practices, financial statement disclosures, or compliance procedures. Mr. Korzh will continue to serve as QIWI Chief Financial Officer throughout the full year 2020 results reporting. Elena Nikonova, QIWI’s current Deputy CFO for Financial Reporting, will be appointed as interim Chief Financial Officer effective April 2, 2021, following the departure of Pavel Korzh.

Ms. Nikonova has over 15 years of experience in finance. Ms. Nikonova joined QIWI in 2010 as Deputy of Head of IFRS Department, and was appointed Deputy CFO for Financial Reporting in 2019. Ms. Nikonova began her career at Ernst & Young, where she worked from 2005 to 2010 holding different positions in the audit department. Ms. Nikonova graduated from Novosibirsk State University in 2005 with a degree in Management.

As Interim Chief Financial Officer, Ms. Nikonova will report directly to CEO Boris Kim until a permanent replacement is appointed. The Company aims to start the search process for selecting a new Chief Financial Officer immediately and will consider both external and internal candidates.

About QIWI plc.

QIWI is a leading provider of next generation payment and financial services in Russia and the CIS. It has an integrated proprietary network that enables payment services across online, mobile and physical channels. It has deployed over 19.7 million virtual wallets, over 117,000 kiosks and terminals, and enabled merchants and customers to accept and transfer over RUB 145 billion cash and electronic payments monthly connecting over 32 million consumers using its network at least once a month. QIWI’s consumers can use cash, stored value and other electronic payment methods in order to pay for goods and services or transfer money across virtual or physical environments interchangeably.

 



Contact

Investor Relations
+357.25028091
[email protected]

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Gilat’s In-Flight Connectivity High-Power Transceiver Successfully Tested by Global Eagle Entertainment for DO-160G Certification

Production units are planned to be shipped for usage in commercial aircraft, starting in the second quarter of 2021

PETAH TIKVA, Israel, March 03, 2021 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that its fully owned subsidiary, Wavestream, marked a key milestone as successfully tested by Global Eagle Entertainment (Global Eagle), a major In-Flight Connectivity Provider, for its IFC high-power transceiver, the AeroStream 40Ku, achieving DO-160G certification. Production units are planned to be shipped for usage in commercial aircraft, starting in the second quarter of 2021.

Wavestream’s AeroStream 40Ku transceiver is designed for exceptionally high- reliability, with a field-reported Mean Time Before Failure (MTBF) of greater than 30,000 flight hours. The high-power transceiver incorporates the latest in Gallium Nitride (GaN) technology and enables more return bandwidth from the plane back to the satellite than previous generations. The successful completion of environmental conditions testing for airborne equipment, DO-160G, brings the transceiver a step closer to airworthiness and Supplemental Type Certification (STC).

“The true partnership between Global Eagle and Wavestream was evident in the joint engineering effort to bring about the DO-160G certification for Wavestream’s high power AeroStream 40Ku transceiver,” said Bob Huffman, Wavestream’s General Manager. “This achievement increases our already industry-leading reliability and performance in IFC transceivers and extends Wavestream’s leadership in the Ku-band IFC business area, which currently stands at 30 million flight hours and counting.”

“The DO-160G certification of Wavestream’s high-power AeroStream 40Ku transceiver extends Global Eagle’s lead in Ku-Band in-flight connectivity,” said Mike Pigott, Executive Vice President – Connectivity at Global Eagle. “We are pleased that Wavestream ensured that the unit is both backwards compatible with traditional modems and is future-proof to operate with the next generation of satellite modem technologies.”

About Global Eagle

Global Eagle is the only international connectivity and media content experience organization. The company serves consumers beyond the reach of normal telecom and cable providers, bringing a digital world of connected entertainment to the aviation, maritime, enterprise and government markets. Through its intelligent leadership, investment in innovation and comprehensive product suite, it commands an envious position as an open platform single-source provider and blended solution partner.

Global Eagle connects thousands of aircraft, ships and enterprise sites across the globe, combining a complete entertainment streaming solution. The company actively engages with humanitarian projects to support a better world bringing instant connectivity solutions to disaster incidents and areas of poverty.

Follow Global Eagle on LinkedIn and Twitter for insights and regular updates.

About Wavestream

Wavestream, a Gilat subsidiary is the industry leader in the design and manufacture of next generation satellite communications high power transceivers for In Flight Connectivity, Ground Mobility and Gateway markets. Since 2001, we provide system integrators with field-proven, high performance Ka, Ku and X band Solid State Power Amplifiers (SSPAs), Block Upconverters (BUCs), Block Down Converters and Transceivers. We design, manufacture and repair our products in-house and have delivered over 40,000 systems in the past 15 years. Wavestream products provide high quality and reliability under the harshest environmental conditions and we are currently certified to ISO 9001:2008 and AS9100D standards. For further details please visit www.wavestream.com

About Gilat

Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With 30 years of experience, we design and manufacture cutting-edge ground segment equipment, and provide comprehensive solutions and end-to-end services, powered by our innovative technology. Delivering high value competitive solutions, our portfolio comprises of a cloud based VSAT network platform, high-speed modems, high performance on-the-move antennas and high efficiency, high power Solid State Amplifiers (SSPA) and Block Upconverters (BUC).

Gilat’s comprehensive solutions support multiple applications with a full portfolio of products to address key applications including broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, trains, defense and public safety, all while meeting the most stringent service level requirements. Gilat controlling shareholders are the FIMI Private Equity Funds. For more information, please visit: www.gilat.com

Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, risks associated with the outbreak and global spread of the coronavirus (COVID-19) pandemic; changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel. For additional information regarding these and other risks and uncertainties associated with Gilat’s business, reference is made to Gilat’s reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.

Contact:

Gilat Satellite Networks
Doreet Oren, Director Corporate Communications
[email protected]

GK Investor and Public Relations
Ehud Helft, Managing Partner
[email protected]



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Roll-to-Roll Continuous Inkjet Printed Electronics Demonstrated with PV Nano Cell’s Sicrys™ Conductive Ink

MIGDAL HA’EMEK, Israel, March 03, 2021 (GLOBE NEWSWIRE) — PV Nano Cell Ltd. (OTC: PVNNF), (the “Company”), an innovative provider of inkjet-based conductive digital printing solutions and producer of conductive digital inks, today announced that its Sicrys™ conductive ink was successfully used in Roll-to-Roll (R2R) continues inkjet printing of electronics as part of the DigiMan project. PV Nano Cell project partners were: C.P.C Solutions Ltd., Fraunhofer IKTS and Fraunhofer ENAS, Kerafol Keramische Folien GmbH & Co. KG, RIIT Ltd. OSTEC Group, Technical University of Chemnitz and MEPhI.

The DigiMan Project (December 2018 – November 2020) developed innovative sensor platforms for agro-industrial applications by providing a digital manufacturing process based on printing technologies and nano-material inks. Such approach enables to miniaturize the sensors, achieve flexibility in the target sensor properties and to realize these sensors in economically affordable batches. As part of the project, Low-cost temperature and humidity sensors were realized in a roll-to-roll industrial inkjet printing system with nano silver inks on PET substrate, demonstrating the ability to print a large quantity of sensors with high yield. Furthermore, a Bluetooth based wireless communication board with an inkjet-printed silver antenna as well as a printed RFID NFC sensor tag were developed for wireless sensor communication.

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/691be4e0-1a5d-4b72-8f82-5171a034fcbe

https://www.globenewswire.com/NewsRoom/AttachmentNg/bd506c2f-2769-4fdc-89a8-495ea336a4ac

PV Nano Cell’s Chief Executive Officer, Dr. Fernando de la Vega, commented, “The success of DigiMan project marks yet another valuable advancement of PV Nano Cell in demonstrating the validity of our complete digital conductive printing solutions for mass production applications. Special sensors were developed and printed with our conductive Sicrys™ inks in a roll-2-roll inkjet and sintering system. This achievement proves the complete solution approach of inks, printers and printing process can be utilized in mass-production roll-to-roll systems, a must for some of the high-volume applications”.

About PV Nano Cell

PV Nano Cell (PVN) offers the first-ever complete solution for mass-produced inkjet based, printed electronics. The proven solution includes PVN’s proprietary Sicrys™, silver-based conductive inks, inkjet production printers and the complete printing process. The process includes ink properties’ optimization, printer’s parameters setup, printing modifications & tailored printing instructions per application. In the heart of PVN’s value proposition lies its unique and patented conductive silver and coper inks – Sicrys™. Those are the only inks made of Single Nano Crystals – which allows the inks to have the highest stability and throughput required to drive optimal mass-production results for wide range of applications. PVN’s solutions are used all over the world in a range of digital printing applications including: photovoltaics, printed circuit boards, flexible printed circuits, antennas, sensors, heaters, touchscreens and other. For more information, please visit http://www.pvnanocell.com/

About
Fraunhofer
ENAS

The Fraunhofer Institute for Electronic Nano Systems ENAS is the specialist and development partner in the field of Smart Systems and their integration for various applications. Fraunhofer ENAS has specialized on the challenge of combining micro and nano sensors, actuators and electronic components with interfaces for communication and a self-sufficient energy supply to form smart systems, thus supporting the Internet of Things and the ongoing digitalization. Fraunhofer ENAS develops single components, manufacturing technologies and system concepts, system integration technologies and actively supports the technology transfer for and with its customers. Whether Start-up, SME or large enterprise, Fraunhofer ENAS offers innovation consulting and supports customer projects, starting from the idea, via design and technology development or realization based on established technologies up to tested prototypes. If standard components do not meet the requirements, Fraunhofer ENAS provides expert assistance in the realization of innovative and marketable products. For more information, please visit https://www.enas.fraunhofer.de/

About TUC

Chemnitz University of Technology (German: Technische Universität Chemnitz, abbreviated TU Chemnitz) is a public university in Chemnitz, Germany. With over 11,000 students, it is the third largest university in Saxony. With approximately 1,500 employees in science, engineering and management, TU Chemnitz counts among the most important employers in the region. TU Chemnitz has many years of experience in the field of manufacturing smart objects and components in “sheet-to-sheet” and “roll-to-roll” manufacturing processes using various printing technologies: screen, gravure, and inkjet printing. For more information, please visit https://www.tu-chemnitz.de/index.html

About
DigiMan
Project

DigiMan was a project financed by MANUNET under the European Union’s Horizon 2020 research and innovation program. The objective of the DigiMan project was the development of a digital manufacturing process chain based on printing technologies and nanomaterial-based ink formulations for the development of smart sensors and hybrid electronics in different fields of applications. The project developed innovative ceramic- and polymer / paper-based sensor platforms that can be fabricated with environmentally friendly digital additive manufacturing technologies using inkjet or aerosol jet. This makes it possible to miniaturize the sensors, to achieve a flexibility in the target sensor properties and to realize these sensors in economically low cost even for small sensor batch quantities. For more information, please visit https://www.digiman-project.eu/

Forward–looking Statements
This press release contains forward–looking statements. The words or phrases “would be,” “will allow,” “intends to,” “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimate,” “project,” or similar expressions are intended to identify “forward–looking statements.” All information set forth in this news release, except historical and factual information, represents forward–looking statements. This includes all statements about the Company’s plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward–looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company operates; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, and sign new agreements. For a more detailed description of the risks and uncertainties affecting PV Nano Cell, reference is made to the Company’s latest Annual Report on Form 20-F which is on file with the Securities and Exchange Commission (SEC) and the other risk factors discussed from time to time by the Company in reports filed with, or furnished to, the SEC. Except as otherwise required by law, the Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Emerging Markets Consulting, LLC

Mr. James S. Painter III

President

w: 1 (321) 206-6682
m: 1 (407) 340-0226
f: 1 (352) 429-0691
email: [email protected]
website: www.emergingmarketsllc.com

PV Nano Cell
Ltd

Dr. Fernando de la Vega

CEO

w: 972 (04) 654-6881
f: 972 (04) 654-6880
email: [email protected]
website: www.pvnanocell.com



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Charlotte’s Web Positions to Enter US Cannabis Wellness Market

PR Newswire


Charlotte’s Web secures Option to purchase Stanley Brothers’ cannabis business

BOULDER, Colo., March 3, 2021 /PRNewswire/ – Charlotte’s Web Holdings, Inc. (“Charlotte‘s Web“, “CW” or the “Company“) (TSX: CWEB) (OTCQX: CWBHF), the market leader in full-spectrum hemp CBD extract products, announces that it has entered into an Option Purchase Agreement (the “Option“) with Stanley Brothers USA Holdings, Inc. (“Stanley Brothers USA“), a privately-held Delaware company, and the shareholders of Stanley Brothers USA. Stanley Brothers USA is a cannabis wellness incubator currently operating in three states (Colorado, California, Florida) with expansion plans underway in eight additional states. The Option has a five-year term (extendable for an additional two years) and provides Charlotte’s Web the optionality to acquire Stanley Brothers USA on the earlier of three years from the effective date of the Option and federal legalization of cannabis in the United States, or such earlier time as Stanley Brothers USA and Charlotte’s Web may agree (the “Triggering Event“) potentially including when otherwise permitted by the policies of the stock exchange on which the Company’s securities are listed for trading. The common shares of Charlotte’s Web continue to trade on the TSX in Canada and OTCQX in the US.

“Consumer attitudes, market trends, and laws surrounding cannabis and its role within the wellness category continue to trend positively. This strategic Option provides Charlotte’s Web optionality to enter the U.S. cannabis wellness market in partnership with an experienced and trusted team and brand, positioning our business for potential new growth opportunities and shareholder value creation,” explained Deanie Elsner, CEO of Charlotte’s Web. “The Stanley Brothers are innovating cannabis wellness with the same philosophy and vision that drove their success as founders of the Charlotte’s Web brand. With this shared heritage, we could not be more aligned.”

Stanley Brothers USA is evolving botanical formulations for the Cannabis 2.0 wellness-focused consumer, combining full-spectrum cannabis extracts with functional botanical ingredients. Marketed under the “ReCreate” brand, the wellness formulations are lower in tetrahydrocannabinol (“THC“) for more precisely controllable benefits. Products include functional chocolates, gummies and oil tinctures, formulated with the wellness benefits of the entire cannabis plant including CBD and THC to help achieve a desired state of wellbeing.

Charlotte’s Web is the global leader in the cultivation, production and distribution of hemp-derived CBD wellness products. Until the Option is exercised, both Charlotte’s Web and Stanley Brothers USA will continue to operate as standalone entities in the US. Internationally the companies are able to explore opportunities where cannabis is federally permissible.

Related-Party Transaction
 and Board Changes

Two founders of Stanley Brothers USA are members of the Charlotte’s Web board of directors. To further support the strategic Option, Charlotte’s Web co-founders Joel Stanley and Jared Stanley resigned as members of the Charlotte’s Web board of directors in order to transition to board positions with Stanley Brothers USA and oversee execution of that business with aligned values, business practices, and vision.

  • Joel Stanley, a Charlotte’s Web co-founder and Board Member, is a Stanley Brothers USA co-founder and will assume a seat on the Board of Directors at Stanley Brothers USA.
  • Jared Stanley, a Charlotte’s Web co-founder, Board Member, and its Chief Cultivation Officer, is a Stanley Brothers USA co-founder and will assume a seat on the Board of Directors at Stanley Brothers USA.

A special committee (the “Special Committee“) of the board of directors of CW (the “Board“), comprised solely of independent and disinterested directors, and advised by its own independent legal advisors, unanimously recommended that the Board approve the Option. Acting upon the recommendation of the Special Committee, the members of the Board unanimously approved the Option.

Additional Terms of the Option

The five-year Option (extendable to seven years upon payment of additional consideration) with Stanley Brothers USA shareholders was purchased for total consideration of US$8 million cash. Upon the occurrence of the Triggering Event, the Company may exercise the Option to acquire Stanley Brothers USA for a purchase price to be determined at the time of exercise of the Option. The purchase price determination will involve weighted application of 3.5 times revenue and 13.5 times EBITDA multiples to Stanley Brothers USA’s financial statements at the relevant time, or a base amount and earn-out, in certain circumstances.  The purchase price will be subject to customary adjustments for working capital, debt and cash at closing, and certain portions of the purchase price may be held back to cover post-closing adjustments and indemnification matters. Subject to compliance with applicable law and stock exchange approval, if required, Charlotte’s Web intends to satisfy the purchase price through the issuance of common shares of CW (“CW Shares“), to be issued at a price based on the 20-day volume weighted average trading price of the CW Shares on the Toronto Stock Exchange at the relevant time of issuance.

CW is not obligated to exercise the Option.

In addition to the Option, Stanley Brothers USA has issued CW a warrant (the “Warrant“) exercisable to purchase 10% of the outstanding Stanley Brothers USA shares and convertible securities that are considered in-the-money subject to certain conditions and exclusions. The Warrant is exercisable for a nominal exercise price in the event the Company elects not to exercise the Option.

A copy of the Option and the Warrant will be made available on CW’s SEDAR profile at www.sedar.com.

Advisors

The Special Committee was advised by independent legal advisors and an independent national valuation firm.

DLA Piper (Canada) LLP and DLA Piper (US) LLP acted as legal counsel to Charlotte’s Web. Akabas & Sproule acted as legal counsel to Stanley Brothers USA.

About Charlotte’s Web Holdings, Inc.

Charlotte’s Web Holdings, Inc., a Certified B Corporation headquartered in Boulder, Colorado, is the market leader in the production and distribution of innovative hemp-derived cannabidiol (“CBD”) wellness products under a family of brands which includes Charlotte’s Web™, CBD Medic™, CBD Clinic™, and Harmony Hemp. The Company’s premium quality products start with proprietary hemp genetics that are 100-percent American farm grown and manufactured into whole-plant hemp extracts containing a full spectrum of naturally occurring phytocannabinoids including CBD, CBC, CBG, terpenes, flavonoids and other beneficial hemp compounds.  Charlotte’s Web product categories include  CBD oil tinctures (liquid products), CBD gummies (sleep, stress, inflammation recovery), CBD capsules, CBD topical creams and lotions, as well as CBD pet products for dogs. Charlotte’s Web is the number one CBD brand in the USA and distributed through more than 22,000 retail locations, select distributors and online through the Company’s website at www.CharlottesWeb.com. 

Charlotte’s Web was founded by the Stanley Brothers with a mission to unleash the healing powers of botanicals through compassion and science, benefiting the planet and all who live upon it.  Charlotte’s Web is a socially and environmentally conscious company and is committed to using business as a force for good and a catalyst for innovation. The Company weighs sound business decisions with consideration for how its efforts affect employees, customers, the environment, and diverse communities. The rate the Company pays for agricultural products reflects a fair and sustainable rate driving higher quality yield, encouraging regenerative farming practices, and supporting U.S. farming communities. Management believes that its socially oriented and environmentally responsible actions have a positive impact on its customers, suppliers, employees and stakeholders. Charlotte’s Web donates a portion of its pre-tax earnings to charitable organizations.

Subscribe to Charlotte’s Web investor news.

Forward-Looking Information
This news release contains forward-looking statements and information within the meaning of applicable securities legislation. Often, but not always, forward-looking statements and information can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “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. Forward-looking statements or information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Charlotte’s Web to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements or information contained in this news release.

Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information, including assumptions as to CW’s business; Stanley Brothers USA’s business; the efficacy and results of research; the adverse impact of the COVID-19 pandemic to the Company’s operations; and such risks contained in Charlotte’s Web’s annual information form dated March 27, 2020 and filed with Canadian securities regulators available on Charlotte’s Web’s issuer profiles on SEDAR at www.sedar.com. Readers are cautioned that the foregoing list of factors is not exhaustive.

There can be no assurance that the Triggering Event or the exercise of the Option or Warrant will occur, or that such events will occur on the terms and conditions contemplated in this news release. 


Charlotte’s Web Holdings, Inc.
THE WORLD’S MOST TRUSTED HEMP EXTRACT™

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SOURCE Charlotte’s Web Holdings, Inc.

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Lincoln University Enables Distance Learning, Remote Access to Digital Resources From Any Location with Extreme Networks

Wi-Fi 6 Upgrade and Cloud Network Management Gives Small IT Team Tools to Adapt to New Digital Demands Accelerated by COVID-19 While Reducing Network Operating Costs by 30%

PR Newswire

SAN JOSE, Calif., March 3, 2021 /PRNewswire/ — Extreme Networks, Inc. (Nasdaq: EXTR), a cloud-driven networking company, today announced Lincoln University of Pennsylvania has deployed Extreme’s wireless access points and cloud network management solution to provide high-speed, Wi-Fi 6 connectivity throughout its 422-acre main campus and off-campus graduate center. With increased capacity in all indoor and outdoor spaces, the University makes it easy for students, faculty, and staff to connect with digital education resources from any device, anywhere – a need that became more pronounced with the COVID-19 pandemic and the additional requirement to offer a mix of in-person and remote instruction.

Lincoln University was founded in 1854 as the nation’s first degree-granting historically black college and university (HBCU), with notable alumni including poet Langston Hughes and the first black U.S. Supreme Court Justice, Thurgood Marshall. It is a top 20 HBCU in 2021, according to U.S. News & World Report. However, the University’s commitment to providing its students with an excellent education was not previously supported by a robust network infrastructure. Connectivity issues often left students and faculty unable to access educational resources or livestream online courses, a significant challenge as many students were forced to isolate in their dorms during the onset of the pandemic. The University turned to Extreme and its partner, Howard Technology Solutions, to deploy a reliable, flexible network solution that could handle the increasing demands for video streaming, remote learning, and the use of bandwidth-hungry applications.

Key Benefits

  • Seamless Indoor and Outdoor Wireless Coverage: ExtremeWireless™ high-density Wi-Fi 6 access points (APs) provide Lincoln University with a secure, wireless network that can support 3,000 users and 5,000 devices daily. Users have reported more reliable wireless connectivity that doesn’t differ from building to building, and they are comfortable connecting through WPA2 authentication which provides an additional layer of data security and increased protection from network threats. Since deployment, Lincoln University has seen improved student success and retention, even during the coronavirus pandemic.
  • Simplified Network Management: With a three-person network team covering 46 buildings, Lincoln University required a cloud network management solution for intuitive and insightful access to how applications, devices, and users connect to their network. The ExtremeCloud™ IQ network management platform was selected for ease of use and deployment, cost-effectiveness, and its built-in applications. The team is now able to manage its campus-wide wireless network through the cloud, has greater visibility into all connected IoT devices, and can remotely access and control all wireless APs.
  • Enhanced Services for Remote Learning: Lincoln University was already prioritizing flexible learning and better online accessibility for its students, but the COVID-19 pandemic caused the University to accelerate its plans. All courses are now available online, with the exception of some in-person labs, and the Wi-Fi 6 APs from Extreme ensure students can access all livestreamed courses and recorded lectures without any connectivity issues or interruptions. The comprehensive indoor and outdoor wireless coverage also enables students to avoid congregating in large groups to study, allowing them to better adhere to social distancing guidelines.

Executive Perspectives


Justin McKenzie, Chief Information Officer, Lincoln University
“Our mission at Lincoln University is to educate and empower students to lead their communities and change the world—technology should never be a barrier to success. With Extreme’s high-density Wi-Fi 6 access points, single-pane-of-glass cloud management, and credential-based access capabilities, our IT team can offer a vastly improved user experience while supporting new flexible learning requirements. Further, simplified management and maintenance has reduced their workload, resulting in a reduction in operating costs of more than 30% and allowing us to focus more effort on security and other projects.”


David Savage, Senior Director of Education Sales, Extreme Networks
“Accessibility is a top priority for higher education organizations, and that need has been amplified by the coronavirus pandemic. Lincoln University has been able to function without missing a beat during this crisis thanks to our technology. We’re proud to provide a cloud network solution that allows colleges and universities everywhere to both extend access to educational resources and improve remote instruction.”

Additional Resources

About Extreme Networks
Extreme Networks, Inc. (EXTR) creates effortless networking experiences that enable all of us to advance. We push the boundaries of technology leveraging the powers of machine learning, artificial intelligence, analytics, and automation. Over 50,000 customers globally trust our end-to-end, cloud-driven networking solutions and rely on our top-rated services and support to accelerate their digital transformation efforts and deliver progress like never before. For more information, visit Extreme’s website or follow us on Twitter, LinkedIn, and Facebook.

Extreme Networks, ExtremeWireless, ExtremeCloud, and the Extreme Networks logo are trademarks or registered trademarks of Extreme Networks, Inc. in the United States and other countries. Other trademarks shown herein are the property of their respective owners

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SOURCE Extreme Networks, Inc.

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HempFusion Wellness Submits Novel Foods Dossier to the United Kingdom’s Regulatory Food Safety Agency

HempFusion Wellness Submits Novel Foods Dossier to the United Kingdom’s Regulatory Food Safety Agency

DENVER–(BUSINESS WIRE)–
HempFusion Wellness Inc. (TSX:CBD.U) (OTCQX:CBDHF) (FWB:8OO) (“HempFusion” or the “Company”), a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition, is pleased to announce that it has submitted its dossier to the United Kingdom’s Regulatory Food Safety Agency (the “FSA”).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210303005322/en/

(Photo: Business Wire)

(Photo: Business Wire)

HempFusion, in conjunction with its strategic and exclusive supply chain partner, has submitted its novel foods application to the FSA with the coordination of a leading regulatory agency in Europe. This submission represents the first step in the United Kingdom’s (the “UK”) regulatory approval process required to allow products that contain CBD to be sold on the shelves of retailers in the UK. The submission includes a detailed analysis of the quality, stability and safety of HempFusion’s raw ingredients and many unique product formulations. In addition to proprietary heirloom hemp-sourcing and state-of-the-art low pressure and low-temperature C02 extraction methods, the submission also includes compliant labeling and testing requirements and complete toxicology data.

The Company’s focus on compliance and sourcing premium raw materials further substantiates the quality of HempFusion’s exclusive Organic Panoramic Hemp Extract and strategically positions HempFusion for continued sales within one of the largest markets in Europe, the UK. HempFusion believes the submission is an essential step in preparing for anticipated European Union (the “EU”) regulations.

“We believe the UK’s decision to allow CBD companies to obtain a Novel Food Authorization from the FSA is a tremendous step forward for the global CBD industry,” commented Jason Mitchell, N.D., HempFusion’s Co-Founder and Chief Executive Officer. “HempFusion was built on the pillars of regulatory compliance. We have invested significant time, resources, and energy to ensure our products meet the highest standards, and we are pleased to report our submission includes completed toxicology data, which may represent one of the most complete submissions to date. We look forward to working with the FSA as regulations continue to evolve within the UK. This submission firmly establishes HempFusion as a future leader within the UK market,” continued Dr. Mitchell.

The novel food application’s primary function is to assess CBD product safety, including detailed toxicology studies. HempFusion places significant importance on safety for its consumers as evidenced by its participation and co-sponsoring of many studies and clinical trials, such as the Company’s participation in ValidCare’s liver and reproductive toxicity study, believed to be the largest CBD human observational study to date.

The Company has recently entered Europe through Ireland and looks forward to maintaining its long track record of compliance by meeting the requirements of the FSA ahead of its broader planned expansion throughout the UK and the EU to further establish it as a global leader.

ABOUT HEMPFUSION

HempFusion is a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition. HempFusion distributes its family of brands, including HempFusion, Probulin Probiotics, Biome Research, and HF Labs, to approximately 4,000 retail locations across all 50 states of the United States and select international locations. Built on a foundation of regulatory compliance and human safety, HempFusion’s diverse product portfolio comprises 48 SKUs including tinctures, proprietary FDA Drug Listed Over-The-Counter (OTC) Topicals, Doctor/Practitioner Lines and more. With a strong focus on research and development, HempFusion has an additional 30 products under development. HempFusion is a board member of the US Hemp Roundtable, and HempFusion’s wholly-owned subsidiary, Probulin Probiotics, is one of the fastest-growing probiotics companies in the United States, according to SPINs reported data. HempFusion’s CBD products are based on a proprietary Whole Food Hemp Complex™ and are available in-store or by visiting HempFusion online at www.hempfusion.com or www.probulin.com.

Follow HempFusion on Twitter, Facebook and Instagram and Probulin on Twitter, Facebook and Instagram.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, “forward-looking statements“) that relate to HempFusion’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release. In particular and without limitation, this news release contains forward-looking statements relating to the Company’s continued sales within the UK, preparation for anticipated EU regulations, compliance with the requirements of the FSA, planned expansion throughout the UK and the EU and the Company’s other plans, focus and objectives.

Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond HempFusion’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, the impact and progression of the COVID-19 pandemic and other factors set forth under “Forward-Looking Statements” and “Risk Factors” in the final long form prospectus of the Company dated December 17, 2020 and available under the Company’s profile on SEDAR at www.sedar.com. HempFusion undertakes no obligation to 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. New factors emerge from time to time, and it is not possible for HempFusion to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.

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

Jason Mitchell, N.D.

Chief Executive Officer and Director

Email: [email protected]

Phone: 416-803-5638

KEYWORDS: North America United States United Kingdom Europe Canada Colorado

INDUSTRY KEYWORDS: Retail Alternative Medicine Specialty Health

MEDIA:

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COMSTOCK RESOURCES, INC. ANNOUNCES PRIVATE OFFERING OF ADDITIONAL 6.75% SENIOR NOTES DUE IN 2029

FRISCO, TX, March 03, 2021 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE: CRK) announced today that, subject to market conditions, it intends to offer an additional $250.0 million aggregate principal amount of its 6.75% senior notes due in 2029 (the “Notes”) in a private placement to eligible purchasers. 

The Notes are a further issuance of the 6.75% senior notes due 2029, of which $1.0 billion aggregate principal amount are expected, subject to customary closing conditions, to be issued on March 4, 2021 (the “2029 Notes”).  The Notes will be treated as a single series with the 2029 Notes under the indenture governing the 2029 Notes and will have the same terms as the 2029 Notes (other than the initial offering price).  The Notes will have the same CUSIP numbers and will trade interchangeably with the 2029 Notes.  The Company expects the Notes and the 2029 Notes to be fungible for U.S. federal income tax purposes.

Comstock intends to use the net proceeds from this offering of  the Notes to fund an anticipated increase in the aggregate maximum tender amount in the Company’s existing tender offers for a portion of the Company’s 7.5% Senior Notes due 2025 and 9.75% Senior Notes due 2026 and pay fees and expenses in connection therewith.     

The Notes to be offered have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and unless so registered, the Notes may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.  The Notes being offered are expected to be eligible for trading by qualified institutional buyers under Rule 144A and non-U.S. persons outside the United States under Regulation S.

This press release is being issued pursuant to Rule 135c under the Securities Act, and is neither an offer to sell nor a solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.

About Comstock Resources

Comstock Resources is a leading independent natural gas producer with operations focused on the development of the Haynesville shale in North Louisiana and East Texas.  The Company’s stock is traded on the New York Stock Exchange under the symbol CRK.


This press release may contain “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995.  Such statements are based on management’s current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein.  Although the Company believes the expectations in such statements to be reasonable, there can be no assurance that such expectations will prove to be correct.  The Company’s Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other SEC filings discuss important risk factors that could affect the Company’s business, results of operations and financial condition.  The forward-looking statements in this news release speak only as of this date.  Comstock does not undertake any obligation to revise or update publicly any forward-looking statement.
 



Ron Mills
Vice President - Finance & Investor Relations
Comstock Resources
972-668-8834
[email protected]

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Cottonelle® Announces Partnership with BLKHLTH® to Launch Colorectal Cancer Initiative

The new partnership will help reduce barriers and address stigmas related to colorectal cancer screenings

PR Newswire

NEENAH, Wis., March 3, 2021 /PRNewswire/ — As a brand committed to downtherecare, Cottonelle® announced today its partnership with BLKHLTH®, a nonprofit organization that seeks to reduce the impact of racism on Black health through education and action. In its inaugural year, Cottonelle has committed a $750,000 donation to BLKHLTH with programming aimed to reach Black people with critical information about colorectal cancer, commonly known as cancer of the colon or rectum. Colorectal cancer is the second leading cause of cancer related deaths among Americans, with Black Americans having a 40 percent higher death rate compared to White Americans[1]. However, if caught and treated early, colorectal cancer has a 90 percent survival rate.[2]

Together, Cottonelle and BLKHLTH will work to address stigmas and reduce barriers associated with screening for colorectal cancer by providing health educational resources and free at-home colorectal cancer screening tests[3] available at Cottonelle.com/GoodDownThere, while supplies last.[4]

“Due to systemic racism, Black people have reduced access to health-protective resources –like livable-wage jobs, healthy foods, affordable health insurance and quality medical treatment – that could impact the prevention, detection and treatment of health conditions like colorectal cancer,” said Matthew McCurdy, Co-Founder and President of BLKHLTH. “Cottonelle approached us wanting to address these issues and we are excited to partner with them to further our mission and address the health disparities that Black people face, starting with colorectal cancer, that have a big impact on our community. Together, we’ll spread awareness, provide resources like screening, education, and financial support, and encourage our community to take preventative action.”

To reduce the financial burden of some patients, Cottonelle and BLKHLTH have partnered with the Colorectal Cancer Alliance to provide financial assistance to Black patients in need of follow-up care. Learn more about the Cottonelle and BLKHLTH sponsored financial assistance fund at Cottonelle.com/GoodDownThere. Additionally, BLKHLTH will engage ambassador organizations in five key markets including Detroit, Houston, Oakland, Philadelphia and Washington, D.C. to help amplify the messages around the risks for colorectal cancer within the Black community and aid in the distribution of the complimentary screening kits in those communities.

Joining the mission is simple, with several ways to get involved:

  • Commit to having conversations about colorectal cancer and the importance of getting screened by tagging your family and friends on social media using hashtag #GoodDownThere and challenging them to get screened
  • Visit Cottonelle.com/GoodDownThere to understand the warning signs of colorectal cancer and complete the online form to request a complimentary screening test (while supplies last)[5]
  • Find a care provider or learn more about the financial assistance fund in partnership with the Colon Cancer Alliance by calling the helpline at (877) 422-2030
  • Join Cottonelle and BLKHLTH in the “Let’s Go There” round table discussion on March 18 at 3:30 p.m. PT/6:30 p.m. ET on Facebook or YouTube to learn more about the risks, signs to look for and what you can do to challenge your friends and family to complete a screening

“As a brand dedicated to downtherecare, being able to provide more access to care and education that will help save lives is an important initiative for us,” said Arist Mastorides, Kimberly-Clark North America Family Care President. “Cottonelle is proud to partner with BLKHLTH to help raise awareness around colorectal cancer and shine a light on this typically taboo topic.”

A recent survey[6] found that one in five Black adults would not be comfortable discussing colorectal cancer with anyone, including a medical professional. To help encourage these important downtherecare conversations, Cottonelle has partnered with actor and comedian, Deon Cole, who has a close friend currently battling colorectal cancer. Deon will moderate a virtual round table discussion alongside McCurdy of BLKHLTH and leading gastroenterologist and health equity researcher at UCLA, Dr. Fola May. “Let’s Go There” will be broadcast live Thursday, March 18 at 3:30 p.m. PT/ 6:30 p.m. ET on the Cottonelle Facebook and YouTube pages.

“Obviously, I like to use comedy as a way to lighten the mood on serious topics, and we’re gonna go there,” said comedian Cole about the virtual round table discussion. “We’ve got a serious problem with thousands of Black people not having access to screening tests and health resources, so we’re going to get comfortable by talking about being uncomfortable and help get at-home colorectal cancer screening tests in the hands of thousands of Black Americans so we can help save lives.”

To learn more about the Cottonelle and BLKHLTH partnership, please visit Cottonelle.com/GoodDownThere.

About Kimberly-Clark

Kimberly-Clark (NYSE: KMB) and its trusted brands are an indispensable part of life for people in more than 175 countries. Fueled by ingenuity, creativity, and an understanding of people’s most essential needs, we create products that help individuals experience more of what’s important to them. Our portfolio of brands, including Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Neve, Plenitud, Viva and WypAll, hold the No. 1 or No. 2 share position in 80 countries. We use sustainable practices that support a healthy planet, build stronger communities and ensure our business thrives for decades to come. To keep up with the latest news and to learn more about the company’s 148-year history of innovation, visit Kimberly-Clark.com.

About BLKHLTH
BLKHLTH is a nonprofit organization whose mission is to critically engage and challenge racism and its impact on Black health. This is done through workshops and trainings, practice-based consulting, community health events, and digital media. Its vision is a world where racism and other intersecting forms of oppression do not determine a person’s ability to achieve optimal health. Learn more about BLKHLTH at BLKHLTH.com or follow the conversation on Instagram, Twitter or Facebook.

[KMB-B]

[1] The Colorectal Cancer Alliance and American Cancer Society
[2] https://www.cancer.org/content/dam/cancer-org/research/cancer-facts-and-statistics/colorectal-cancer-facts-and-figures/colorectal-cancer-facts-and-figures-2020-2022.pdf
[3] Kimberly-Clark Corporation and BLKHLTH Inc are not liable for any results or outcomes of the Second Generation FIT® screening test included within this kit and make no warranties nor express or implied representations whatsoever regarding the accuracy of the test. Providing of the test does not constitute medical advice nor is it intended to be a substitute for professional medical advice. With any medical test it is possible to receive false negatives or false positives so always seek the advice of your physician or other qualified medical provider with any question you may have regarding a medical condition. Use of the Second Generation FIT screening test is solely at your own risk.
[4] 5,000 at-home Second Generation FIT® colorectal cancer screening tests available, while supplies last
[5] Kimberly-Clark Corporation and BLKHLTH Inc are not liable for any results or outcomes of the Second Generation FIT® screening test included within this kit and make no warranties nor express or implied representations whatsoever regarding the accuracy of the test. Providing of the test does not constitute medical advice nor is it intended to be a substitute for professional medical advice. With any medical test it is possible to receive false negatives or false positives so always seek the advice of your physician or other qualified medical provider with any question you may have regarding a medical condition. Use of the Second Generation FIT screening test is solely at your own risk.
[6] Online survey of 503 Black adults conducted by YouGov on behalf of Cottonelle. Fieldwork was undertaken between February 19-24, 2021. The figures have been weighted and are representative of all U.S. Black adults (aged 18+). The margin of error is +/- 4.4%

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SOURCE Kimberly-Clark