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Cannabis and hemp farming… former CEO’s new vision for Southern Kings

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  • A local investor is planning an offer to buy the embattled Southern Kings franchise.
  • The idea is for the company to come on board and enable the franchise to use the “fertile” Eastern Cape land for hemp farming.
  • Tony McKeever, a former Southern Spears CEO, is in talks with the company and also suggests changing the Southern Kings name to Mandela Bay Saints.

A South African investor, listed on the Johannesburg Stock Exchange (JSE) for over two decades, is planning an offer to buy the Southern Kings.

This was revealed to Sport24 in an interview with Tony McKeever, a former CEO of the Eastern Cape franchise.

McKeever also suggested a name change, representing the icons of the region, and the union using the “fertile” Eastern Cape land for hemp farming as a way to ensure the sustainability of the franchise and its players via the rugby clubs.

The renewed interest in buying the Kings comes after SA Rugby’s decision in late June to take management control over the franchise by taking back a 74% shareholding.

It followed the failure of the Greatest Rugby Company in the Whole Wide World (GRC) in meeting its financial commitments relating to the acquisition of the shareholding.

It’s not the first time that the country’s rugby governing body had to step in at the Kings, having also done so in 2015 when the Eastern Province Rugby Union (EPRU), to whom the operation of the franchise had been granted, ran into financial trouble.

McKeever is upbeat regarding the potential new owners, agreeing that a significant monetary investment is non-negotiable for the future of rugby in the Eastern Cape.The former rugby boss said the company, for whom he has done consultancy work, is listed as an entity on the JSE.

“They also have a presence in Europe, so it would make sense… they can give a foster home to the likes of the Southern Kings, which has really been beaten up… they (the Kings) have a bad reputation. They’re very tatty,” he added.

The company’s name is known to Sport24, but has been withheld due to negotiations being in the infancy stages.

“It’s an initial discussion, but I would say that SA Rugby are aware that there is interest from a Johannesburg-listed corporate,” McKeever said.

McKeever, however, did shed more light on the vision the company has for Eastern Cape rugby – one that may raise a few eyebrows among traditionalists.

“I’m consulting to them on the expansion of their products in the health and wellness area – around CBD derivative products – and I told them that the Eastern Cape is an incredibly fertile area for cannabis and hemp. The people I’m speaking to have licenses to grow, export and commercialise.”

He pointed to the vast number of clubs in the region that could get involved.

“If one can engage with the clubs… in Eastern Province, there are…

Source: https://mmpconnect.com/cannabis-and-hemp-farming-former-ceos-new-vision-for-southern-kings/

Cannabis

GreenheartCBD Founder Paul Walsh named to the All-Ireland Business All Star List

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Greenheart, the leading licensed Irish sustainable producer, is delighted to announce that company co-founder and visionary Paul Walsh, has received a Thought Leadership award for innovation, technology, and sustainability, from the All-Ireland Business Foundation All-Star Ireland awards.

This prestigious accolade is given to a very small number of leading business innovators and visionaries in Ireland each year. The award follows closely on Greenheart’s own accreditation by the All Ireland Business Foundation. This accreditation is an outstanding achievement and recognizes the hard work and dedication of the Greenheart team in providing the best in class service to all our customers.

Greenheart was founded two years ago in Ashbourne, County Meath, and was formed two years ago by childhood friends Mark Canavan and Paul Walsh. The company produces a full range of sustainable oils – and shortly – edibles and balms for the retail market. Although Greenheart only began selling its oils in January 2020, it already has over 1,500 customers, a customer return rate three times the industry average and over seventy trusted 5-star reviews on its website. 

Before launching Greenheart, Paul and Mark spent years researching extraction methods to produce the most effective agricultural products, for the end consumer with full traceability from seed to shelf. The company is the first sustainable producer in its market to use the full scope of cutting edge technology in its cultivation and production. This includes Big Data, Artificial Intelligence (AI), Machine Learning, and Blockchain technology at each stage of the planting, harvesting, production, and retailing process.

Greenheart Punt Token

The company is launching its own product token on December 1st – the Greenheart Punt – which will trade on the LAToken exchange and allow its stakeholders to access its products at the greatest possible discounts on its new apps platform. 

The Greenheart Punt token is being backed by a real commodity – 1,000 liters of Greenheart’s oil in year 1 (with a retail value of $4 million US dollars) – allowing token holders to redeem their tokens directly for Greenheart oil.
The company also plans to continue deploying pioneering sustainability technology and cold press extraction, while also launching an Innovation Centre to teach farmers and the wilder public about the benefits of growing hemp and sustainable crops in Ireland.


 

Source: Shane Walsh GreenheartCBD.ie

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PAOG CEO Discusses 2020 Progress And PURA Dividend On MoneyTV

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Sandusky, OH – November 25, 2020 – OTC PR WIRE — PAO Group, Inc. (OTC: PAOG) today announced an interview of CEO Jim DiPrima on MoneyTV where Mr. DiPrima discusses the company’s progress in 2020 to include the latest updates on PAOG’s coming one for one dividend of PAOG stock to Puration, Inc. (OTC: PURA) shareholders in conjunction with PAOG’s recent acquisition of PURA’s cannabis cultivation business.

PAOG made two strategic acquisitions this year transitioning the company into the cannabis neurocritical and pharmaceutical markets.  PAOG has recently executed an agreement with a Contract Research Organization (CRO) to advance the company’s hemp derived CBD extract to treat Chronic Obstructive Pulmonary Disorder (COPD) toward an FDA approval.  PAOG is also close to executing a neurocritical development agreement.  In addition to the interview published today, the company anticipates issuing substantial updates on the pharmaceutical and neurocritical developments next week.

MoneyTV is the internationally syndicated television program all about money and what makes it happen, (http://www.moneytv.net), featuring informative interviews with company CEOs and executives, providing insights into their operations and outlooks for their futures. MoneyTV is seen in over 200 million TV households in more than 75 countries.

Free information packages from the featured companies can be requested by sending an email to info@moneytv.net.

The television program can also be viewed online immediately at www.moneytv.net.

www.paogroupinc.com

Forward-Looking Statements: Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

CONTACT INFORMATION

Contact Us:
Jim DiPrima
888-272-6472
info@pao.group

Source: https://otcprwire.com/paog-ceo-discusses-2020-progress-and-pura-dividend-on-moneytv/

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SPACs are so hot even Jay-Z is partnering with one. He’s set to be the ‘chief visionary officer’ for California’s largest cannabis firm.

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  • Jay-Z is joining the company set to be California’s largest cannabis brand as a “chief visionary officer” as part of a SPAC deal announced on November 24.
  • The special purpose acquisition company, Subversive Capital Acquisition, agreed on the same day to acquire the cannabis brand Caliva and the hemp producer Left Coast Ventures, forming The Parent Company in January, when the deal should close.
  • Jay-Z will help the company with marketing and brand strategies, while Roc Nation artists Rihanna, Yo Gotti, and Meek Mill also invested in the newly formed company via a private placement.
  • Also, Jay-Z will lead The Parent Company Social Equity Ventures, which will seek to invest at least 2% of its net income into BIPOC-owned cannabis businesses and “contribute to the effort to rectify the wrongs of prohibition through initiatives that are working toward meaningful change in the criminal justice system.”
  • 2020 has been a breakout year for SPACs in general, and the cannabis industry is nascent but expanding, with Wall Street banks gradually becoming more involved with cannabis firms.

Billionaire Jay-Z is joining the company set to be California’s largest cannabis brand as a “chief visionary officer” as part of a SPAC deal announced on November 24.

The deal will see a special purpose acquisition company, or SPAC, called Subversive Capital Acquisition Corp., acquiring cannabis brands Caliva and Left Coast Ventures to form The Parent Company, with deal close targeted for January 2021.

The news comes shortly after Jay-Z announced a partnership with Caliva in October that will see him launch his own cannabis line, Monogram, as reported by CNN.

Jay-Z’s Roc Nation announced an exclusive partnership with The Parent Company simultaneous with its formation, while Roc Nation artists Rihanna, Yo Gotti, and Meek Mill also joined as investors in the newly formed company via a private placement.

According to a press release, the Subversive Capital Acquisition Corp already holds about $575 million in cash in trust, meaning The Parent Company is expected to become one of the best-funded cannabis companies in the US. It will combine the revenues of Caliva and Left Coast Ventures to reach $185 million in revenue in 2020, expecting to hit $334 million in 2021.

The Parent Company hopes to reach 90% of all cannabis users in California by 2022. The cannabis market has continued to grow in recent years, with sales in California reaching almost $3 billion last year, per Arcview Market Research and BDS Analytics.

A cannabis SPAC deal with a social advocacy angle

Jay-Z’s work as chief visionary will also have a major social component. The rap mogul will take the helm of the company’s Social Equity Ventures, which has pledged to invest at least 2% of its net income into BIPOC-owned cannabis businesses.

The Social Equity Ventures unit will also “contribute to the effort to rectify the wrongs of prohibition through initiatives that are working toward meaningful change in the criminal justice system,” according to the press release. Initiatives will include bail reform, industry vocational training, job placement, expungement clinics, and Social Equity application support.

“Although we know we can’t fully redeem the injustices created by the ‘war on drugs’, we can help shape a brighter and inclusive future,” Jay-Z said in the press release. “The brands we build will pave a new path forward for a legacy rooted in equity, access, and justice. We’re creating something people can trust and we’re investing in our future, our people, and our communities.”

When reached for comment, Jay-Z referred Business Insider to his comments from the press release.

SPACs are so hot right now, and cannabis keeps heating up

Using SPACs to invest in cannabis companies has become all the rave lately, as extensively reported by Business Insider’s Jeremy Berke.

Several cannabis SPACs have turned into multimillion-dollar juggernauts through deals similar to The Parent Company. In August, Credit Suisse led Silver Spike Capital’s $250 million public offering, and Citigroup’s Canadian branch helped lead the $350 million SPAC public offering of the private equity firm Bespoke Capital, Berke reported.

It’s a bit of an issue from an investment perspective that cannabis is still illegal on a federal level, although states including California have legalized it for recreational use. The cannabis industry could grow into an $80 billion industry by 2030 if it becomes legal under federal law, according to the investment bank Cowen.

This potential increasingly drawing Wall Street establishments such as Goldman Sachs and JPMorgan into assisting cannabis-related SPACs going public in the US and advising their clients on cannabis-related deals, Berke also reported. And now Jay-Z and his Roc Nation superstars are players at the table.

Source: Business Insider – SPACs are so hot even Jay-Z is partnering with one. He’s set to be the ‘chief visionary officer’ for California’s largest cannabis firm.

Source: https://spacfeed.com/spacs-are-so-hot-even-jay-z-is-partnering-with-one-hes-set-to-be-the-chief-visionary-officer-for-californias-largest-cannabis-firm?utm_source=rss&utm_medium=rss&utm_campaign=spacs-are-so-hot-even-jay-z-is-partnering-with-one-hes-set-to-be-the-chief-visionary-officer-for-californias-largest-cannabis-firm

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GREENHEART CBD NAMED IN TOP 3 CBD “PRODUCT OF THE YEAR” AT INAUGURAL CANNAVIST AWARDS

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Greenheart CBD, the leading licensed Irish CBD producer, is delighted to announce that in its very first year of operation, it has been named in the Top 3 CBD Products of the Year by The Cannavist Magazine.

The Cannavist is the leading magazine for the CBD industry in the UK and Ireland. 2020 is the inaugural year for its CBD awards, which covered the full range of CBD related products on the market – from edibles and skincare to tinctures and petcare.
Greenheart CBD was founded two years ago in Ashbourne, County Meath, and was formed two years ago by childhood friends Mark Canavan and Paul Walsh. The company produces a full range of CBD oils – and shortly – edibles and balms to the retail market.

Although Greenheart only began selling its CBD oils in January 2020, it already has over 1,500 customers, a customer return rate three times the industry average and over seventy trusted 5-star reviews on its website. Before launching Greenheart, Paul and Mark spent years researching extraction methods to produce the most effective CBD products, for the end consumer with full traceability from seed to shelf. The company is the first CBD producer to use the full scope of “CBD Tech” in hemp cultivation. This includes Big Data, Artificial Intelligence (AI), Machine Learning, and Blockchain technology at each stage of the planting, harvesting, production, and retailing process.
Greenheart Punt Token

The company is launching its own product token on December 1st – the Greenheart Punt – which will trade on the LAToken exchange and allow its stakeholders to access its products at the greatest possible discounts on its new apps platform.
The Greenheart Punt token is being backed by a real commodity – 1,000 liters of Greenheart’s CBD oil in year 1 (with a retail value of $4 million US dollars) – allowing token holders to redeem their tokens directly for Greenheart CBD oil.

The company also plans to continue deploying pioneering CBD Tech and cold press extraction, while also launching an Innovation Centre to teach farmers and the wilder public about the benefits of growing hemp and sustainable crops in Ireland

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