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VANCOUVER, British Columbia, June 25, 2018 (GLOBE NEWSWIRE) -- “LeanLife Health Inc. (the “Company” or “LeanLife”) (CSE:LLP) announced today that it has retained external consultants to assist with ensuring that all of its Omega 3 products meet relevant food safety requirements and designations in Canada and the United States. The engagement is in addition to, and will augment, the Company’s effort to obtain government authorization for production of Omega 3 products at its Canadian manufacturing facility.
LeanLife continues to prepare for initial production at the 4,000 sq. ft. facility it leased in Vancouver earlier this year. The plant will be responsible for the manufacture of all LeanLife Omega 3 products, including ingredients for making and/or fortifying commercial foods such as bread, noodles, juices, yogurt and cheese.
“I am pleased with the progress LeanLife has made toward obtaining the permits and approvals needed to manufacture our products, as well as to meet the standards set forth by large commercial users of Omega 3 ingredients,” commented Stan Lis, Chief Executive Officer of LeanLife Health. “The addition of third-party consultants to this effort should enable us to obtain some of the approvals sooner, which would obviously be positive for our go-to-market strategy.”
About LeanLife Health and the Omega 3 Market
LeanLife Health’s products are extracted from flax seeds, a plentiful and non-animal source of Omega 3. The products can be used as nutraceuticals or as additives/ingredients in foods such as bread, noodles, cheese, yogurt, juice and milk. LeanLife Health’s Omega 3 formulations contain no cholesterol and, following receipt of all government and industry approvals, will be marketed in oil, emulsion and powder forms.
The global Omega 3 market is expected to reach US$7.32 billion by 2020, according to a report by Grand View Research, Inc.
For more information, please contact:
Stan Lis, CEO
Tel: 604 764-0518
Forward Looking Information
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control including, the Company's ability to compete with large food companies; sales of any potential products developed will be profitable; the ability to complete sales under the sales agreement. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
THE CSE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
WINSTON-SALEM, N.C., June 25, 2018 (GLOBE NEWSWIRE) -- Primo Water Corporation (Nasdaq:PRMW) (“Primo” or “the Company”), the leading provider of multi-gallon purified bottled water, self-service refill water and water dispensers, today announced that it has successfully completed the refinancing of its existing credit facilities with a new $220.0 million senior secured credit facility (the “New Senior Credit Facility”). SunTrust Robinson Humphrey was the lead arranger of the New Senior Credit Facility with BMO Harris Bank, N.A., U.S. Bank, National Association, and JPM Securities, LLC as joint lead arrangers.
The proceeds from the New Senior Credit Facility along with the proceeds from the recently completed follow-on equity offering are being used to repay the existing $186.0 million senior credit facility and the 9-1/16% Junior Subordinated Deferrable Interest Debentures.
The New Senior Credit Facility provides a $190.0 million term loan and a $30.0 million revolving credit facility that matures in June of 2023. The New Senior Credit Facility has an interest rate beginning at LIBOR plus 2.50%, which is adjusted downward based upon the consolidated leverage ratio.
As a result of the refinancing, Primo expects interest expense of approximately $5.0 million under the New Senior Credit Facility for the six months ended December 31, 2018. This represents a savings of approximately $5.5 million in interest expense in the second half of 2018, when compared to the prior facilities. Primo intends to use the interest savings for working capital purposes, including marketing initiatives designed to accelerate growth.
About Primo Water Corporation
Primo Water Corporation (Nasdaq:PRMW) (“Primo” or “the Company”) is an environmentally and ethically responsible company with a purpose of inspiring healthier lives through better water. Primo is North America's leading single source provider of water dispensers, multi-gallon purified bottled water, and self-service refill water. Primo's Dispensers, Exchange and Refill products are available in over 45,000 retail locations and online throughout the United States and Canada. For more information and to learn more about Primo Water, please visit our website at www.primowater.com.
Certain statements contained herein are not based on historical fact and are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those provisions. These statements include the Company's expected interest expense savings resulting from the refinancing of the Company’s senior indebtedness and its intent to use the interest savings for working capital purposes, including marketing initiatives designed to accelerate growth. These statements can otherwise be identified by the use of words such as "anticipate," "believe," "could," "estimate," "expect," "feel," "forecast," "intend," "may," "plan," "potential," "project," "seek," "should," "would," "will," and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Owing to the uncertainties inherent in forward-looking statements, actual results could differ materially from those stated herein. Factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, the loss of major retail customers of the Company or the reduction in volume or change in timing of purchases by major retail customers; the consolidation of retail customers and disruption of the retail business model; lower than anticipated consumer and retailer acceptance of and demand for the Company's products and services; difficulties realizing the anticipated benefits and synergies from the Glacier Water acquisition and managing our expanded operations following the acquisition; the highly competitive environment in which we operate and the entry of a competitor with greater resources into the marketplace; competition and other business conditions in the water and water dispenser industries in general; adverse changes in the Company's relationships with its independent bottlers, distributors and suppliers in its Exchange business; the loss of key Company personnel; risks associated with the Company's potential expansion into international markets, and the risk that the current U.S. presidential administration may implement changes to international trade relations, particularly with China, that could be harmful to our business and operations; the Company's experiencing product liability, product recall or higher than anticipated rates of sales returns associated with product quality or safety issues; dependence on key management information systems; the Company's inability to efficiently expand operations and capacity to meet growth; the Company's inability to develop, introduce and produce new product offerings within the anticipated timeframe or at all; general economic conditions; the possible adverse effects that decreased discretionary consumer spending may have on the Company's business; changes in the regulatory framework governing the Company's business; significant liabilities or costs associated with litigation or other legal proceedings; the possibility that our ability to use our net operating loss carryforwards in the United States may be limited; the restrictions imposed upon our business as a result the restrictive covenants contained in our credit agreements; the Company's inability to comply with its covenants in its credit facility; the possibility that we may fail to generate sufficient cash flow to service our debt obligations; the negative effects that global capital and credit market issues may have on our liquidity; the costs of borrowing on our operations as well as other risks described more fully in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2017, filed on March 7, 2018, its Quarterly Report on Form 10-Q for the period ended March 31, 2018 filed on May 9, 2018 and its subsequent filings under the Securities Exchange Act of 1934. Forward-looking statements reflect management's analysis as of the date of this press release. The Company does not undertake to revise these statements to reflect subsequent developments, other than in its regular, quarterly earnings releases or as otherwise required by applicable securities laws.
BERLIN, June 25, 2018 (GLOBE NEWSWIRE) -- Swiss cryptocurrency mining company envion AG’s tens of thousands of investors can rejoice after a Berlin court ruled in favor of envion’s founders’ interests and passed an injunction on behalf of Trado GmbH against Quadrat Capital GmbH and Sycamore GmbH. The court ruled last Thursday that CEO Matthias Woestmann’s capital increase and resulting dilution of the founders’ shares and loss of majority ownership to be an illegal breach of contract. The decision protects the interests of envion’s 30,000-plus investors by penalizing Quadrat CEO Woestmann and Sycamore co-CEOs Thomas van Aubel and Jutta von Falkenhausen for any sale of equity or use of company funds with a maximum 6-month prison term for each violation.
Envion’s founders’ allegations that CEO Woestmann broke his contract with Trado and illegally took control of envion in the days after the company’s blockbuster $100-million-dollar Initial Coin Offering (ICO) were confirmed by the court. Woestmann subsequently stopped all company operations, resulting in months of lost revenue for the company and lost dividends for investors.
During the trial, the judges referred to the illegal capital raise and transfer of newly-generated equity shares to Sycamore GmbH as “collusion behavior by the two managing directors [Woestmann and van Aubel]” with intentional injury, a violation of the German Civil Code (§ 826 Bürgerliches Gesetzbuch, BGB). The contract between Quadrat Capital and the founders’ Trado GmbH specifically forbidding any actions compromising the founders’ majority ownership was upheld by the court’s decision.
Woestmann published a press release a day prior to the court hearing in which he inadvertently admitted that the move to take control of the company was based on a fabricated legal construct, attempting to justify the illegal takeover because of suspicions which arose in February 2018 that the founders generated unauthorized tokens. Publicly-available records show that the takeover took place on January 21st.
The 3-judge panel of Berlin’s civil court handed down a sweeping rebuke of the losing side’s defense, including the false accusations against Trado’s Michael Luckow and envion’s other founders. Changing claims by Woestmann—starting only after charges were filed in May—about the illegitimately generated tokens were summarily dismissed by the court. Instead, the judges awarded damages to the plaintiff, making Sycamore and Quadrat Capital liable for legal and court fees incurred by Trado.
The ruling protects investor funds by preventing Quadrat Capital and Sycamore from distributing envion funds to shareholders or otherwise transferring or encumbering corporate assets. Woestmann’s efforts to sell envion are also blocked as the ruling bars any transfer of equity shares.
Trado’s Michael Luckow explained the importance of the decision, saying, “Further lawsuits are necessary to force a return of shares to the founders. Thursday’s ruling confirms the legal basis for a series of more comprehensive cases, including restoring our rightful majority ownership. We are very satisfied that our arguments were fully accepted by the court while Woestmann’s fictitious accusations were thrown out.”
The defendants have the opportunity to appeal the decision, which judges twice decided in Trado’s favor—in Thursday’s ruling and in a preliminary injunction decided earlier in the month. The court loss and confirmation that Woestmann acted illegally to take control of envion now force him, van Aubel, and von Falkenhausen to self-finance the legal defense for holding on to their illegally acquired shares. Trado and envion’s founders have vowed to continue the fight for a return of ownership in order to operate the company in accordance with agreements made with investors during the ICO.
About Trado GmbH
Trado GmbH holds the founders’ shares in envion AG, a German-Swiss company that has developed a disruptive datacenter concept for crypto mining: a system of container-based mobile units that can be deployed right at the source of energy, either at the solar photovoltaic (PV) park or the power plant, providing the required flexibility for today’s energy markets. Information about Trado and envion’s founders can be found at www.envion-founders.org.
Chris Pfaff Tech Media LLC
TORONTO, June 25, 2018 (GLOBE NEWSWIRE) -- Nutritional High International Inc. (the "Company" or "Nutritional High") (CSE:EAT) (OTCQB:SPLIF) (FRANKFURT:2NU) is pleased to announce the deployment of an interactive sales presentation into its current FLÏ™ sales and marketing efforts in Colorado.
Nutritional High is focused on developing, manufacturing and distributing products under recognized brands in the cannabis products industry, including edibles and oil extracts for nutritional, medical and adult recreational use. The Company works exclusively through licensed facilities in jurisdictions where such activity is permitted and regulated by state law.
For updates on the Company's activities and highlights of the Company's press releases and other media coverage, please follow Nutritional High on Facebook, Twitter, Instagram, and Google+ or visit www.nutritionalhigh.com.
For further information or questions, contact:
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR OTC MARKETS GROUP INC., NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such statements include submission of the relevant documentation within the required timeframe and to the satisfaction of the relevant regulators, completing the acquisition of the applicable real estate and raising sufficient financing to complete the Company's business strategy. There is no certainty that any of these events will occur. Although such statements are based on management's reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances.
Company's securities have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. Persons", as such term is defined in Regulation S under the U.S. Securities Act, absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.
Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
Active Health Foods, Inc. (OTC:AHFD) is an innovative leader representing a 21st century company primarily focused on "Health and Wellness" and the desire to bring products to the market place to help battle both "CHILDHOOD OBESITY" and "TYPE II DIABETES". ACTIVE X BARS are made with extremely High Quality 100% Organic "CERTIFIED", 100% Natural ingredients that are Gluten Free "CERTIFIED", Soy free, NON GMO, and Kosher and Vegan "CERTIFIED" and ALL NATURAL FLAVORS is the ONLY soft drink beverage consumers can purchase that is sweetened 100% with STEVIA and is Sugar Free with No Carbohydrates, No Calories, No Caffeine, No Sodium, No Aspartame or Nutra-Sweet, No Sugar Alcohols, and No After Taste.
AIR WATER INC.(Tokyo:4088.T) whose operations are based on gas for industrial and medical applications, has, since its establishment in 1929, expanded its business to a great variety of fields, including chemicals, medical treatment, energy, agriculture, food products, salt, magnesia, logistics, aerosols, and mineral water.
Alkaline Water Company Inc, The (OTC:WTER) has developed an innovative, state of the art, proprietary electrolysis process that produces healthy alkaline water for a balanced lifestyle. The company is focused on the business of distributing and marketing the retail sale of its cost-effectively packaged Alkaline88 water beverage products.
Alkame Holdings, Inc. (OTC:ALKM) is a publicly traded health and technology holding company with a focus on patentable, innovative, and eco-friendly consumer products. The Company's wholly-owned subsidiary, Alkame Water, Inc., markets and distributes micro-clustered, alkaline, antioxidant and oxygenated bottled water utilizing an exclusive patented formula and technology. Alkame uses this patented technology to create water with several unique properties which allow the body to absorb and utilize it more efficiently and help to achieve an optimal pH balance. This patented technology also increases the available oxygen content and absorbability which equates to more fuel for improved metabolic efficiency, boosted immune system, and improved cardio respiratory function.
Ambev SA (NYSE:ABEV) through its subsidiaries, produces, distributes, and sells beer, draft beer, soft drinks, other non-alcoholic beverages, malt, and food in the Americas. It offers beers primarily under Skol, Brahma, Antarctica brands, Brahva, Brahva Beats, Brahva Light, Extra, Budweiser, Becks & Stella Artois, Presidente, Brahma Light, President Light, Bohemia, The One, Corona, Stella Artois, Budweiser, Zenda, Quilmes Cristal, Paceña, Taquiña, Huari, Becker, Báltica, Pilsen, Patricia, and Bud Light, as well as Labatt Blue, Alexander Keith's, Stella Artois, and Kokanee brands. The company also offers carbonated soft drinks, bottled water, isotonic beverages, energy drinks, and ready-to-drink teas under the Guaraná Antarctica, Gatorade, H2OH!, Lipton Iced Tea, Fusion, Monster, Red Rock, Pepsi-Cola, Seven Up, Concordia, Evervess, Triple Kola, and Gatorade brands. It has an agreement with PepsiCo to bottle, sell, and distribute Pepsi products in Brazil, Argentina, Bolivia, Uruguay, Peru, and the Dominican Republic; and a licensing agreement with Anheuser-Busch, Inc. to produce, bottle, sell, and distribute Budweiser products in Brazil, Canada, Ecuador, Guatemala, the Dominican Republic, and Paraguay. The company also produces and distributes Stella Artois under license to Anheuser-Busch InBev S.A./N.V. in Brazil, Canada, Argentina, and other countries. It offers its products through a network of third-party distributors and a direct distribution system.
AMCON Distributing Co. (NYSE MKT:DIT) is a leading wholesale distributor of consumer products, including beverages, candy, tobacco, groceries, foodservice, frozen and chilled foods, and health and beauty care products with locations in Illinois, Missouri, Nebraska, North Dakota, South Dakota and Tennessee. AMCON also operates health and natural product retail stores in the Midwest and Florida. The retail stores operate under the names Chamberlin's Market & Cafe and Akin's Natural Foods Market.
American Premium Water Corporation (OTC:HIPH) produces bottled water under the LALPINA brand name.LALPINA WATER is sourced from a high-altitude aquifer deep in the Blue Ridge and the Blue Mountains. It is available in 7.3 and 9.5 pH, either natural spring or sparkling. American Premium Water Corporation is based in Delray Beach, Florida.See the full stock directory here
Andrew Peller A NV (TSX:ADW-A.TO; ADW-B.TO) is a leading producer and marketer of quality wines in Canada. With wineries in British Columbia, Ontario, and Nova Scotia, the Company markets wines produced from grapes grown in Ontario's Niagara Peninsula, British Columbia's Okanagan and Similkameen Valleys, and from vineyards around the world. The Company's award-winning premium and ultra-premium VQA brands include Peller Estates, Trius, Hillebrand, Thirty Bench, Crush, Wayne Gretzky, Sandhill, Calona Vineyards Artist Series, and Red Rooster. Complementing these premium brands are a number of popularly priced varietal brands including Peller Estates French Cross in the East, Peller Estates Proprietors Reserve in the West, Copper Moon, XOXO, skinnygrape, Black Cellar and Verano Hochtaler, Domaine D'Or, Schloss Laderheim, Royal, and Sommet are our key value priced brands. The Company produces wine based liqueurs and cocktails under the brand Panama Jack. The Company imports wines from major wine regions around the world to blend with domestic wine to craft these popularly priced and value priced brands. With a focus on serving the needs of all wine consumers, the Company produces and markets premium personal winemaking products through its wholly-owned subsidiary, Global Vintners Inc., the recognized leader in personal winemaking products. Global Vintners distributes products through over 170 Winexpert authorized retailers and more than 600 independent retailers across Canada, the United States, the United Kingdom, New Zealand, Australia, and China. Global Vintners award-winning premium and ultra-premium winemaking brands include Selection, Vintners Reserve, Island Mist, KenRidge, Cheeky Monkey, Ultimate Estate Reserve, Traditional Vintage, and Cellar Craft. The Company owns and operates more 102 well-positioned independent retail locations in Ontario under The Wine Shop, Wine Country Vintners, and Wine Country Merchants store names. The Company also owns Andrew Peller Import Agency based in Vancouver and The Small Winemaker's Collection Inc. based in Ontario; both of these wine agencies are importers of premium wines from around the world and are marketing agents for these fine wines. The Company has entered into an agreement to produce and market the Wayne Gretzky brands across Canada. The Company's products are sold predominantly in Canada with a focus on export sales for its icewine and personal winemaking products.
AUSTRALIAN VINTAGE LTD (ASX:AVG.AX) is a leading Australian wine company. Championing a fully-integrated wine business model, the breadth of our capabilities extends to vineyards, boutique and bulk wine production, packaging, marketing and distribution
Blue Apron (NYSE: APRN) mission is to make incredible home cooking accessible to everyone. Launched in 2012, Blue Apron is reimagining the way that food is produced, distributed, and consumed, and as a result, building a better food system that benefits consumers, food producers, and the planet. The company has developed an integrated ecosystem that enables the company to work in a direct, coordinated manner with farmers and artisans to deliver high-quality products to customers nationwide at compelling values. Blue Apron's current products include Blue Apron Meals, Blue Apron Wine, the Blue Apron Market, and BN Ranch, a premium supplier of grass-fed beef and pasture-raised poultry.
BROWN FORMAN INC A (NYSE:BF-A; BF-B) For more than 140 years, Brown-Forman Corporation has enriched the experience of life by responsibly building fine quality beverage alcohol brands, including Jack Daniel's Tennessee Whiskey, Jack Daniel's Tennessee Honey, Southern Comfort, Finlandia, Jack Daniel's & Cola, Canadian Mist, Korbel, Gentleman Jack, el Jimador, Herradura, Sonoma-Cutrer, Chambord, New Mix, Tuaca, and Woodford Reserve. Brown-Forman's brands are supported by nearly 4,200 employees and sold in approximately 160 countries worldwide.
Chapel Down Group plc (ISDX:CDGP) produces and markets a range of still and sparkling wines made from English grapes. Whilst most are white wines, the proportion of red and sparkling wines has been increasing steadily. The Company operates a production site, vineyard and retail outlet at Tenterden in Kent. Most of the Group's grapes are purchased from specialist producers across the South-East of England.
China Tontine Wines Group Limited (Hong Kong:0389.HK; OTC:CATWF) produces and sells grape wine. The company offers sweet wines and dry wines under the Tongtian, Tongtian Hong, and TONTINE labels. It is also engaged in the processing of grape juice; plantation of grapes; and wholesale and retail of winery and beverage products. The company sells its products in 22 provinces, 3 autonomous regions, and 4 municipal cities in the People's Republic of China. The company was founded in 2001 and is headquartered in Tonghua, the People's Republic of China. China Tontine Wines Group Limited is a subsidiary of Up Mount International Limited.
June 21, 2018 (Investorideas.com Newswire) Over 20% of restaurants in the UK closed down in 2017, fuelled by Brexit negotiations, a weaker currency and growth of takeaway apps.