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Facebook’s GlobalCoin Could be Launching as Soon as Next Year

There’s been a lot of information circulating that Facebook is moving into the crypto market. And while some of this information is outright false, other bits are true — at least, that’s what the sources say. Take today, for example. On Friday, BBC said Facebook (NASDAQ:FB) is going to roll out GlobalCoin next year in several countries.

Here’s everything we know.

Facebook’s GlobalCoin Hitting the Market Soon?

According to BBC, a London, UK-based broadcasting company, Facebook is planning to roll out its cryptocurrency “GlobalCoin” in 2020. The online media giant, according to the BBC report, will launch the crypto-based payments system in roughly 12 countries by Q1 2020. And while that might seem far away, BBC also said Facebook plans to commence trials by the end of 2019. That and Mark Zuckerberg’s company has also already gone to the U.S. Treasury for advice.

More details about GlobalCoin are expected to be announced in the coming months. And while the world does need these additional details — the influence Facebook has on the world is huge, so the possibility of the company moving into crypto is extremely significant — Facebook seems to already be benefiting from the BBC report. Well, maybe not benefitting, but at least FB stock didn’t plunge after the report on GlobalCoin came out.

According to Yahoo Finance, as of 3:44 PM EDT, FB stock is trading at $181.19; this puts FB stock up 0.18%.

Takeaway

As mentioned, Facebook launching its own cryptocurrency is massive. Companies like Facebook and Amazon are constantly moving into different sectors of the market successfully, and the launch of GlobalCoin in a dozen countries would be yet another example of this. 

What do you think, though? Should Facebook launch GlobalCoin? If so, which countries should gain access to the cryptocurrency?

Let us know what you think in the comments below, and don’t forget to follow along with this story in the coming months! 

Featured image: DepositPhotos 

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Movement Toward a Cashless Economy Set to Take a Big Leap Forward With Introduction of uBuck Pay!

LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) Has Created Quite Possibly the Fastest, Most Secure & Most Cost-Effective Digital Payment Platform EVER!

As the use of digital wallets and electronic payment methods continues to soar, LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) is debuting a P2P payment platform that is being deemed as the first serious threat to traditional banking options for money transfer and payments.


First Mover Fintech Company
Litelink Technologies Inc.’s uBUCK Platform Displacing Banks
Get Their Latest Press Releases Delivered To Your Inbox


Up until now, no platform has been able to combine the right amounts of speed, security and cost-effectiveness to mount a real challenge to traditional banks.

But LiteLink Technologies Inc.’s (CSE:LLT) (OTC:LLNKF) uBuck platform is widely considered to be way ahead of its competitors in terms of speed, cost-efficiency, and soon availability.

uBUCK is the world’s ONLY stable digital token that is backed dollar-for-dollar by the US dollar when it comes to PIN Voucher sales. This completely eliminates the typical volatility concerns that come with most digital currencies.

uBUCK can be instantly converted into US dollars, unlike traditional exchanges or money transfer businesses and comes with access to traditional payment methods through the proprietary uBUCK MasterCard, which is connected to the uBUCK Pay digital wallet —allowing users to pay bills, and withdraw money from ATMs wherever MasterCard is accepted around the globe.

Perhaps the most important factor during this cryptocurrency rally for uBUCK is that this Stable Token gives users the ability to instantly cash out their bitcoin, ethereum and other cryptocurrencies.

uBUCK is a perfect vehicle for the crowds of people that will be looking to cash their bitcoin into cash right away, rather than selling on an exchange, which can be costly and time consuming.

Among the crowds of people with cryptocurrency to cash out are Esports gamers. Through a strategic partnership with LiteLink Technologies Inc.’s (CSE:LLT) (OTC:LLNKF) (the largest publicly traded video game media and Esports company in North America with 150 million monthly unique users), Esports enthusiasts will have access to uBUCK’s leading digital wallet and payments platform, as a commission-free and highly secure compared to traditional payment methods.

Now with three major partnership deals in place for both physical purchases, a loyalty rewards platform already with millions of users, and one of the largest esports gaming communities in the world, uBUCK is primed to capture a major market share in a very short amount of time.

But Wait, There’s More … uBuck is Also Targeting the Massive-Sized “Underbanked” and “Unbanked” Markets!

While the use of digital wallets and electronic payments has been exponentially on the rise around the world there has still remained a large segment of people who use mobile banking services very little or not at all – these are the “underbanked” and “unbanked.”

LiteLink Technologies Inc.’s (CSE:LLT) (OTC:LLNKF) uBuck platform aims to give these markets fast, easy access to free transfers.


First Mover Fintech Company
Litelink Technologies Inc.’s uBUCK Platform Displacing Banks
Get Their Latest Press Releases Delivered To Your Inbox


Let’s take a closer look at what is going on around the world.

First, we can see that society is quickly moving toward a cashless economy through statistics like these:

In China, 583.4 million people[1] are already using mobile payment transactions.

Leading P2P digital payment company Venmo is expected to have 22.9 million US users by year’s end and Zelle is expected to have 27.4 million.

Now at the same time that mobile payments are becoming more common, there are still hundreds of millions of people around the world who are not using mobile banking to send money and pay bills (the “underbanked” and “unbanked”).  In the US, this represents 25.2% of the population.  That’s a staggering 32.6 million out of 129.3 million households!

According to a study by PYMNTS.com, “More than two in five of these underbanked households already use mobile banking to access their accounts. But only a quarter use a bank’s mobile website or mobile app to pay bills, and only about one in eight use a bank’s mobile website or mobile app to send money to other people. Using mobile bill pay or mobile person-to-person payments instead of cash or non-bank money orders increases safety and convenience, deepens the connection between households and their banks, and increases the opportunity for households to derive value from the banking relationship,” the study explained.

Now with the groundbreaking speed, security and cost-effectiveness of uBuck, the underbanked and unbanked will have even more incentive to embrace mobile payments.

Tested for international markets and easy, secure, and FREE transfers, uBUCK is truly offering a unique and appealing user experience that could potentially explode very soon.

The month of May 2019 has already seen the company attract two major deals that potentially gives the platform access to millions of new users, 2019 could be a very lucrative year for uBUCK and its developers, LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF).

Positioned to QUICKLY Capture the UnBanked & UnderBanked Market

Digital payments is a BIG business.  With approximately 27.4 million users, Zelle processed over $199 Billion worth of payments, but these giants (see table below) do not serve the unbanked population.  The lower income sector must rely on companies like Western Union to transfer funds to friends and family around the globe with and pay ridiculously high transfer fees with slow processing times.

* raised $30 million in 2014
** raised $2 billion
Statistics as of May 17, 2019

Recently, uBUCK announced a strategic partnership with US prepaid platform, PreWay. Prior to the deal, all uBUCK users had to purchase vouchers digitally within the app. Now, through this agreement with PreWay, uBUCK gains access to over 7,000 convenience stores across the United States, where users can physically buy vouchers and redeem them to uBUCK in the app via a PIN number.

This new option is a revolutionary game changer for uBUCK—officially opening up the “unbanked” and “underbanked” in the United States to use the platform as a bank account and/or credit card with one simple purchase. 

Should this step be repeatable in other international markets, the potential for welcoming in the underbanked could be enormous.  Around the world, the proportion of the public unbanked or underbanked—lacking bank account—is surprisingly high.

According to World Bank[1], this population is globally significant (approximately 1.7 billion people).

Remittance transfer alone from the US to Mexico hit a record high of more than US $33 billion sent in 2018[2]—to a country with an estimated 42 million lacking bank accounts[3].

India is both the second-largest population in the world, and the second largest unbanked population in the world[4]. However, it is the largest receiving country in terms of remittances, having received over US$78.6 billion in 2018.[5]

By catering to this incredibly large base of unbanked populations, and to their generous transfer senders, the uBUCK option provides significant revenue potential for LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF).

UBUCK INKS LOYALTY REWARDS PARTNER TO GAIN ACCESS TO MILLIONS OF USERS IMMEDIATELY

Almost immediately after the PreWay announcement, uBUCK announced an LOI with leading customer loyalty and data management company Datable Technology Corp. Under the terms of deal, uBUCK will integrate Datable’s loyalty and rewards program, PLATFORM3 into its digital payments platform, allowing uBUCK Pay account holders to earn rewards for purchases and payments made within the uBUCK Pay digital wallet or on their uBUCK Mastercard.

In turn, Datable will also be integrating uBUCK as a cash card Prepaid Credit Card offering within their client’s portals giving uBUCK access to millions of potential users.

Together, each party will be sharing their customers, which is a significant addition for uBUCK because of Datable’s relationships with major brands that include Universal, General Mills, and Unilever.

“We believe that Datable is the #1 Rewards platform on the market.  They continue to sign up well-known brands and we’re excited to be a part of their cash card offerings,” says James Youn, CEO of uBUCK. Mr. Youn also commented, “The uBUCK Pay platform will see immediate growth.  Datable’s referrals will allow uBUCK to potentially gain access to millions of new users.”

“Datable provides consumers of Fortune 500 brands with access to over 300 digital gift cards from leading retailers including Starbucks, Walmart, and Target. The partnership with uBUCK provides Datable with a unique and flexible cash card offering that our brand customers are looking to provide to consumers as rewards for engagement,” says Robert Craig, CEO of Datable Technology.

There are even more reasons that uBUCK from LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) is set to potentially disrupt the entire digital payments and e-wallets sector, through its unique fast, secure, and accessible platform.

No Other Digital Platform is Backed by the US Dollar

Uniquely positioned from its competitors, the uBUCK Platform from LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) provides a stable digital token, backed by the US dollar with PIN voucher sales—no other group can say this.

The utility token (or uBUCK) is backed with, and instantly convertible to the USD, making the currency absolutely stable. This factor alone significantly raises uBUCK’s credibility and avoids perhaps the biggest pitfall in cryptocurrency today—volatility and difficulty converting to Fiat.

Other attempts at stable digital currencies have fluctuated close to the value of the US dollar, but until now none have truly been redeemed for exactly $1 for $1 in value.

The uBUCK utilizes the 2018 record-breaking blockchain platform Waves[6]. There is currently no faster blockchain in existence.

Speed, accuracy, and cost-effectiveness allow uBUCK to be one of the most stable cryptocurrency options in existence.

Unlike other digital currencies, the uBUCK doesn’t involve an exchange. Cryptocurrencies are notoriously difficult to trade since they require a tedious and sometimes costly exchange process. With uBUCK, the user can simply do a free token transfer.

Users can purchase uBUCK vouchers with either cash, credit, bitcoin or ethereum, which can then be converted back to uBUCK tokens. Each uBUCK token has US$1 deposited in trust that it’s attached to. These uBUCK tokens can then be transferred to other users or withdrawn using uBUCK’s mastercards at NO COST TO THE USER.

The utility token-based wallet has all the advantages of a cryptocurrency with NONE of the disadvantages.

With international transfer fees becoming quite expensive, the free and secure transfer option given by uBUCK could very quickly incur rapid adoption. Users can withdraw fiat currency without a hassle, using the uBUCK MasterCard at any ATM.

 uBUCK has the potential to financially enfranchise hundreds of millions who are currently left unserved or underserved by banking options. Usable for FREE transfers around the world, uBUCK tokens allow for users to use proprietary debit cards to withdraw cash and pay bills.


First Mover Fintech Company
Litelink Technologies Inc.’s uBUCK Platform Displacing Banks
Get Their Latest Press Releases Delivered To Your Inbox


TODAY as the cryptocurrency market continues to climb, uBUCK gives users and holders of bitcoin and ethereum a safe, easy, and instant method to cash out their crypto into fiat currencies. This alone offers a major upgrade over the current method of cashing out, involving selling on exchanges, and waiting for payouts.

“It has the potential to really disrupt traditional banking when it comes to global money transfer options, and simultaneously empower the vulnerable global population usually ignored by traditional banking options”

Transfers with uBUCK Pay are FREE and SECURE

uBUCK from developers LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) is advantaged by its FREE and SECURE transfers. In comparison, the two largest international transferring houses (Western Union and PayPal) have very high fees.

To transfer uBUCK tokens is not only free, but instantaneous—no matter the distance. Whereas for a receiver of funds through Western Union or PayPal, transfers can take hours to days for funds to be released.

Not all free transfers are secure, either, as two of the major transfer platforms have gained notoriety for scams and hacks. Problems continue to arise for popular platforms, such as Zelle[7]and Venmo[8].

Due to its decentralized architecture, and a distributed ledger (using world record fastest blockchain platform, Waves), uBUCK is nearly impossible to hack. In order to hack the system, the malevolent party would have to hack each and every device (“node”) that contains the ledger.

The uBUCK Pay platform offers multi-factor authentication, biometric and device verification, SSL encryption and MasterCard SecureCode. The system ensures that no one but the user has access to the wallet, even with the user’s device and one of the user’s passwords.

 This arrangement ensures the highest level of security of its kind, unparalleled in other banking options in the market—both traditional and e-wallets.

Once customers become aware of this option that’s among the safest available, this could be a tipping point for users of other services to switch to uBUCK.

In the gaming world, esports enthusiasts are now able to use the uBUCK digital wallet and payments platform, under the moniker “Streambucks”, which is specific to the esports industry. As part of the sponsorship, uBUCK will facilitate the transfer of the prize funds to the winners of the tournament.

Through this connection, uBUCK’s userbase will be infused with access to the Enthusiast’s publisher network that currently reaches over 150 million monthly visitors across 85 gaming related websites, with an additional 50 million monthly visitors from 900 gaming YouTube channels.

The Streambucks app gives users the ability to purchase products with a debit card, transfer payments, and make donations to their favourite streamers and gamers.

“This partnership with Enthusiast Gaming will give uBUCK access to a large and targeted esports audience, making this the perfect opportunity to market our newly created payment solution to what we feel is an ideal demographic,“ said uBUCK CEO, James Youn. “We are confident that Streambucks will be well-received and look forward to playing a key role in the rapidly growing esports industry.”

Managed by Skilled Veterans of the Industry

 As one of its top subsidiaries, LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) strategically has left uBUCK in the hands of some of the best in the industry—including blockchain, advance payments, and digital currencies experts.

Here’s a quick look at some of the key figures behind the team in charge of LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) subsidiary, uBUCK:

Ashik Karim: Mr. Karim is the CEO of parent company LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF).  He has over 2 decades of global technology leadership experience in the telecommunications & high tech sectors driving change on how enterprises use business technology. He has taken several software platforms through full commercial use with large clients such as TELUS, Wind Mobile, and MDA. In the second half of his career, Mr. Karim furthered his portfolio by focusing on start-ups that disrupt enterprise software & consulting companies with AI, blockchain and leading emerging technologies. With his balance of start-up and enterprise platform industry commercialization experience, Mr. Karim brings the right strategy and tactical focus to this business.

 James Youn: Leading the company as Chief Executive Officer of uBUCK, James Youn brings over 10 years of capital markets and finance experience. Youn started on the sell side with TD Asset Management and RBC Capital Markets, before moving to the buy-side where he became an expert in alternative investments. He has shared his knowledge throughout the sector, having been published in numerous periodicals, including the Institutional Investor’s “Journal of Alternative Investments”. Having acquired expert knowledge in blockchain, James Youn is not only a finance expert but a digital finance expert.

 Greg Bauer: Joining Youn is Chief Operating Officer, Greg Bauer, who has been a serial entrepreneur with over 30 years of experience building results-based businesses. Bauer recently served as CEO of Gopher, an advance payment system with over $75 million in revenue. He has also served as an Executive Director for PreWay, which brings valuable access to an outlet for uBUCK vouchers. This relationship has already yielded an LOI with PreWay for the company. Bauer is also highly knowledgable about alternative financial services, as an ongoing member of the AFPA (Alternative Financial Service Provider Association).

 Samir Bandali: Serving as an essential Strategic Advisor for uBuck, Samir Bandali brings invaluable relationships he has developed over his career. As the current Director of Strategic Partnerships for the digital clearinghouse CoinPayments, Bandali has already delivered an invaluable strategic partnership between them and uBUCK. An expert in global merchant acquisitions, and a passionate advocate for cryptocurrency since 2015, Bandali brings a wealth of experience and relationships to the team, and will perhaps most importantly aid the company’s expansion into emerging markets.

1

 

THE ONLY STABLE DIGITAL TOKEN BACKED BY THE US DOLLAR:

Unlike any other digital token available, uBUCK is strictly linked to the US Dollar and converted instantly in real-time. Built upon the current world’s fastest blockchain technology (Waves), uBUCK is able to accurately deliver dollar-for-dollar pricing on its tokens in a way that no other competitor can. This eliminates digital volatility, while also allowing users to seamlessly convert their payments in fiat currency—ie. cold, hard, cash!

2

 

CIRCUMVENTING BANKS AND ENFRANCHISING THE UNBANKABLE:

Through its instant, free, and secure abilities to transfer funds, and its innovative e-wallet technology, uBUCK has the potential to enfranchise potentially hundreds of millions of unbanked people around the world. By lubricating the remittance market of users sending money from one country to another, the platform is boosting a rapidly growing economy of people moving away from traditional banks to a future cashless society.

3

 

STRATEGIC PARTNERSHIPS FOR RAPID MARKET CAPTURE:

Through two recently announced deals, uBUCK has made two very strategic moves that could potentially result in explosive user growth. The first was a partnership with PreWay, giving uBUCK access to 7,000 convenience stores, and opening up physical purchases of vouchers and further enfranchising the unbanked. Next is the incorporation of Datable’s PLATFORM3 loyalty rewards program, immediately exposing uBUCK to potentially millions of new users. Most recently, through a partnership with Enthusiast esports gaming, uBUCK (under the name Streambucks) instantly gains access to over 100 million monthly visitors. Together, the new partnerships open uBUCK to far more markets, customers, and future partnerships.

4

 

FREE AND SECURE TRANSFERS:

In comparison to the largest money transfer services on the planet (EXPENSIVE), uBUCK is far more affordable (FREE). Transfers through the platform are instantaneous and delivered with a security standard, unlike its closest competitors. Due to its decentralized nature, uBUCK Pay is practically impossible to hack, the platform practically reduces the threat of theft and scams, as well as the transfer cost down to ZERO.

5

 

VETERAN TEAM OF DIGITAL CURRENCY AND PAYMENT EXPERTS:

Leading the way for the LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) subsidiary uBUCK is an experienced team of blockchain, advance payments, and digital currencies experts. Industry experts Chairman, Ashik Karim, CEO James Youn, COO Greg Bauer, and Strategic Advisor Samir Bandali lead the way with their extensive knowledge and invaluable streams of relationships developed within the industry. Already the team has established an impressive amount of crucial deals, including with PreWay and CoinPayments.



First Mover Fintech Company
Litelink Technologies Inc.’s uBUCK Platform Displacing Banks
Get Their Latest Press Releases Delivered To Your Inbox


[1]https://www.google.com/url?q=https://www.statista.com/statistics/278487/number-of-mobile-payment-users-in-china/&sa=D&ust=1557944175541000&usg=AFQjCNHIO27upgSrqNverwPo2oJg25nmrw
[2]https://globalfindex.worldbank.org/sites/globalfindex/files/chapters/2017%20Findex%20full%20report_chapter2.pdf

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Celebrity Endorsements Pushing Hemp-derived product Market ‘Higher & Higher’

Discover Why StillCanna (CSE:STIL) (OTC:SCNNF)
Could Be The Biggest Suppliers in the Hemp-derived Product Market

From Kim Kardashian actually hosting a hemp product themed baby shower[1] to Dr. Oz and Sanjay Gupta consistently singing its praises – few things are hotter right now than hemp-derived product.

According to a feature by E! Hollywood[2] Kim K wanted her friends & family to “zen out on a Saturday” at the event, noting the benefits of hemp-derived product to actively ease anxiety and other ailments without any psychoactive properties.

Actor Seth Rogen is so convinced of the benefits of hemp-derived product for those with Alzheimer’s that he testified before Congress on those benefits.[3]

Golf pro Bubba Watson uses this magical chemical compound to recover after a long day of golf.  He told Fox Business’s Gerri Willis, “I’m a believer in it, I’ve been using it”.

These are just a couple of the A-list celebrities and athletes on a long and growing list that are calling attention to the benefits of hemp-derived product.

In fact, hemp-derived product has gone viral and it’s only the beginning.  The market is forecast to grow at a rate of 36X … from $600 million last year to $22 billion by 2022.[4]

Enter StillCanna (CSE:STIL) (OTC:SCNNF), a new entrant in this rapidly growing market with an opening price of $1.00, just completed an oversubscribed $24.36 million private placement.[5]

On May 7th, StillCanna, (CSE:STIL) (OTC:SCNNF) acquired 100% of Polish hemp producer, Olimax.  This acquisition providers Stillcanna with a vertically integrated licensed cultivator, extractor and formulator of hemp-derived products.  One of Olimax’s many core strengths is their agricultural expertise with hemp.

“This acquisition uniquely positions Stillcanna in the supply chain of wholesale hemp-derived product in Europe,” pointed out Jason Dussault, chief executive officer of StillCanna, “there is global interest in sourcing a reliable flow of wholesale hemp-derived product in Europe and StillCanna is now in a position to address that global interest.”

The founders of Olimax, Zofia Valber and Krystyna Bojeck, will oversee the day-to-day management of the company’s Polish operations. The duo have over 40 years of combined experience in hemp products and their accomplishments include a patented microelement fertilizer and the germination and registration of a European Union certified propriety varietal of high hemp-derived product content hemp.

StillCanna (CSE:STIL) (OTC:SCNNF) has already begun its agricultural initiatives of its proprietary high content hemp varietal on a massive 1,500 hectare (3,706 acres) farm in Poland. 


First Mover In European Hemp Product Market

StillCanna Is Leaving Its Competition In The Dust

Get Their Latest Press Releases Delivered To Your Inbox


The company has also announced plans to invest $6 million in a hemp-derived product refinement facility in Poland.  The facility will have the capacity to produce up to 40,000 kg of hemp-derived product per year with their first harvest to be in early August.  Production output for 2019 is expected to be 16,000 kg. What’s exciting is StillCanna’s high-tech extraction facility can produce a gram of hemp oil for as low as $0.30.  There isn’t a hemp-grower in North America can come close to that production cost.

According to Hemp Benchmarks 2019 April report, the wholesale price per kilogram for hemp-derived product. Isolate in the United States was $6,077 per kg.  With a production output estimated at 16,000 kg in 2019, forecasted revenue can be expected to be an impressive USD $97.23 million.

If 2020’s harvest grow as planned, and if the price of hemp-derived product. isolate remains steady, revenue could potentially exceed USD $197 million.

In light of all of this, it’s little wonder that high net-worth and notable institutions just invested $24.36 million in StillCanna (CSE:STIL) (OTC:SCNNF).

The company could be a significant force in the European and North American hemp-derived product marketplace – and since its stock just started trading approximately 6 weeks ago, and the stock is trading 20% above its opening price, this could be a ground-floor opportunity.

So let’s unpack what is happening in the hemp-derived product marketplace and why StillCanna (CSE:STIL) (OTC:SCNNF) could be one of the most exciting stocks to watch in 2019.

The Hemp Market is Absolutely Exploding
in Popularity Right Now!

There are two main reasons for this:

  1. Increasing demand for hemp-derived product
  2. The illegal status of hemp’s “cousin” pot
  3. The passing of the U.S. Farm Bill

It is much more difficult, right now, to obtain hemp-derived product from pot, which is still illegal to use recreationally in 40 states.

Companies eager to produce hemp-derived and hemp-infused products have turned to the hemp industry and to companies like StillCanna (CSE:STIL) (OTC:SCNNF).

Hemp is legal across the U.S. and Europe!

This escalating demand for hemp-derived product is why industry analysts the Brightfield Group are predicting that the U.S. hemp & hemp-derived product market will quickly escalate 3,556%, from around $600 million last year to $22 billion in the next three years.[6]

Dr. Oz and Sanjay Gupta have also been busy drawing attention to the benefits of hemp-derived product.

As Dr. Oz and Sanjay explain, hemp-derived product products are a non-intoxicating derivative from hemp plants that can produce a wide range of benefits and can be used in a wide variety of products from beverages to healthcare and beauty.

 

Growing Demand, Limited Supply

Walgreens announced that they’re going to sell hemp-derived products in 1,500 stores in March and other large retailers such as CVS, Vitamin Shoppes, Ulta and Macy’s have also started selling hemp-derived products.

Now there is news that both Coke and Pepsi also want in on the action by offering hemp-derived product infused drinks.


First Mover In European Hemp Product Market

StillCanna Is Leaving Its Competition In The Dust

Get Latest Their Press Releases Delivered To Your Inbox


So How Serious is the Potential Hemp Shortage in the U.S.?

With about 6% of the U.S. market, Green Roads sells its hemp-infused products, such as tinctures, gummies, balms, and pet-focused hemp-derived products online, and in 6,000 stores and 2,000 doctors’ offices. It has about 100 employees and estimated annual revenues of around $45 million.

Last December, Green Roads co-founder, Arby Barroso, told Inc. magazine,

“I don’t know if there’s enough product in the country to fulfill demand.”

And look what’s coming in the future:

  • Global luxury-brand powerhouse Neiman Marcus plans to sell hemp-infused beauty creams.
  • More than 9,800 CVS (NYSE: CVS) stores are set to dedicate significant shelf space to hemp-infused creams, sprays, and lotions.
  • Walgreens (NYSE: WBA) has similar plans for at least 1,500 of its stores.
  • Rite Aid (NYSE: RAD) is set to sell hemp-infused beauty products in 200 stores.
  • More than 700 Vitamin Shoppes (NYSE: VSI) are stocking hemp-derived soft gels.
  • 240 Urban Outfitter (NASDAQ: URBN) stores are selling hemp-derived tincture.
  • More than 1,000 Ulta Beauty (NASDAQ: ULTA) locations are selling hemp-infused beauty creams and locations.
  • Green Growth Brands Seventh Sense is being carried in American Eagle Outfitters and 500+ stores from discount retailer DSW (NYSE: DSW).

To manufacture all of these hemp-related products companies are going to require large quantities of hemp-derived product isolate – and that’s where StillCanna (CSE:STIL) (OTC:SCNNF) comes in.

The main question in the hemp-derived product market has become – with domestic demand at critical levels, which suppliers are up to the task of feeding the sudden and insatiable desire for hemp-derived products?

The answer to that question is StillCanna (CSE:STIL) (OTC:SCNNF), which will become a hemp-derived product provider with huge – and reliable – extraction facilities.

As mentioned earlier, StillCanna (CSE:STIL) (OTC:SCNNF) is investing $6 million in a hemp-derived product processing facility in Poland. The facility is initially designed to produce 40,000 kilograms of hemp-derived product per year.

StillCanna’s (CSE:STIL) (OTC:SCNNF) is completing its Romanian extraction facility to produce hemp-derived product for the dominant player in Europe’s legal hemp-derived product market – DragonFly Biosciences.

An extraction contract between Stillcanna and DragonFly is worth $48 million over the next three years. StillCanna also just entered into a letter of intent with BioScience Enterprises of California to supply $36 million worth of hemp-derived product isolate from its fields in Poland.

The 36 million only represents 30% of the company’s potential 2019 revenue, giving StillCanna (CSE:STIL) (OTC:SCNNF) plenty of room to wholesale to other retailers.

The company’s forecast, based on a price of $6000 per kilo. Given the exploding demand, the total revenue number could balloon if the supply starts to dwindle and the price increases.

StillCanna (CSE:STIL) (OTC:SCNNF) also presents other benefits – for example, the wholesale business model is inherently less risky than retail.

But, as Dr. Oz has pointed out, the retail market is constantly expanding, with new products popping up every day that require hemp-based products.  Someone has to supply this growing demand.

And wait, there’s more good news about StillCanna (CSE:STIL) (OTC:SCNNF).

Company CEO, Jason Dussault recently said that his company’s new hemp-flower extraction facility can make more hemp-derived product in half a day than most existing brands require in a year!

Under-the-Radar and Undervalued!

To get a better idea of the growth that could be possible with StillCanna (CSE:STIL) (OTC:SCNNF) it’s beneficial to look at what happened recently with another hemp supplier.

Colorado-based Charlotte’s Web Holdings (OTC: CWBHF) (CSE: CWEB) is a leader in the domestic seed-to-sale hemp industry. To meet the spike in demand, CWEB upped hemp production by 10X this year.

That increased production led to increased share value – with prices surging 120% since last Christmas Eve and currently sits at $18.75 and a market cap of USD $1.624 billion.

StillCanna’s (CSE:STIL) (OTC:SCNNF) market capitalization is 1/20 of CWEB’s, yet it has the potential to make more than 10 times the hemp oil and isolate.

StillCanna, however, arguably remains the more interesting of the two companies.  Charlotte’s Web’s 300 acre farm can be swallowed by the huge 3706 acre farm that StillCanna just planted.  With a tiny market cap of USD $52.5 million, this could be the most exciting stock to watch in 2019.

That’s because not only can it produce massive amounts of hemp-derived product each year, but it also has the proper licensing to export hemp-derived product to the U.S.[8] where demand is set to increase the market’s size by more than 3,600% to $22 billion in 2022.

Popularity Amongst Baby Boomers and Millennials Rapidly Increasing

A study commissioned by hemp-derived product Marketing in Chicago analyzed 1.3 million U.S. social media posts regarding hemp-derived product between Jan 1, 2018, and Jan 1, 2019. Both Boomers and Millennials made 41% of the posts, while Gen X’ers made the remaining 18%.[7] This data quantifies the point: hemp-derived products are attracting attention across demographics.

To give an idea of how big this is getting, compare and look at how large the market caps are of the top 4 publicly traded hemp-derived product companies in the U.S. compared to StillCanna’s (CSE:STIL) (OTC:SCNNF) market cap.

*** all figures are reported in U.S. Dollars ***[9]

These year-on-year growth figures, provided by the Brightfield Group, are unprecedented. And these are just for the top 4 public companies in the American market.

In Europe, hemp-derived product has been legal for 5 years, which is why companies such as StillCanna (CSE:STIL) (OTC:SCNNF) with a foothold there hold a significant first-mover advantage with room to grow in the U.S.

The European market also holds its own potential. While hemp-derived product has been legal in Europe for longer than in the U.S., it’s been slower to grow due to varying regulations.

A report by the Brightfield Group suggests that’s about to change: the $416 million dollar European hemp-derived product market in 2019 is expected to explode to $1.7 billion by 2023.[10]

As this explosion happens, StillCanna (CSE:STIL) (OTC:SCNNF) can leverage its European production and strategic partnership with Europe’s top supplier to become a dominant force in that market.

Only Pros Know How to Grow Good Hemp!

StillCanna (CSE:STIL) (OTC:SCNNF) farmers are generational, not only have Zofia Valber and Krystyna Bojeck been farming hemp in Europe for a combined 40 years, their parents were hemp farmers.  The patent awarded for their microelement fertilizer solidifies their expertise.

That accumulated knowledge and experience is a big reason why StillCanna (CSE:STIL) (OTC:SCNNF) is capable of supplying up to 10 times the hemp-derived product that the U.S. leader is able to provide.

While Charlotte’s Web grows 300 acres of hemp and is by far the dominant U.S. hemp-derived product makers, StillCanna’s Polish farm is planting as many as 3706 acres of hemp[11] in 2019 with expectations of up to 12,500 acres in 2021

In other words, this under-the-radar company could be due to breakout “big-time” in 2019 and beyond!

5

 

Reasons

 

Why Investors Should Put StillCanna (CSE:STIL) (OTC:SCNNF) On Their Watchlist

1

 

Quality AND Quantity

StillCanna (CSE:STIL) (OTC:SCNNF) owns a proprietary EU-registered high content strain of hemp. Its proprietary extraction technology can make as many as 40 million grams of hemp-derived product in 2020.

2

 

Production Headstart

Hemp has been legal in Europe for the past five years. That’s allowed StillCanna (CSE:STIL) (OTC:SCNNF) to fully develop a product line that’s ready for the retail market. And, it can put as many as 5,000 hectares under hemp, with an average of two crops a year. That’s up to 100 times what many leading U.S. producers can do.

3

 

Solid Funding

Huge institutional investors – ones that have many companies to choose from – expect great things from StillCanna (CSE:STIL) (OTC:SCNNF). That’s why StillCanna was able to raise more than $24.3 million in what turned out to be an “oversubscribed” offering.

4

 

High Margin Business

StillCanna’s high-tech extraction facility can produce a gram of hemp oil for as low as $0.30. StillCanna’s (CSE:STIL) (OTC:SCNNF) margins are very high compared to every competitor in the U.S.

5

 

Visionary Management

StillCanna (CSE:STIL) (OTC:SCNNF) CEO Jason Dussault is an internationally renowned business leader and marketing wizard, well known from the attention he’s gained on Fox News, The Wall Street Journal, The New York Times, MTV, Entertainment Tonight, and the CBC.


First Mover In European Hemp Product Market

StillCanna Is Leaving Its Competition In The Dust

Get Latest Their Press Releases Delivered To Your Inbox


 


Please See Disclaimer

[1] https://www.youtube.com/watch?v=y3YGxMvv_M0 
[2] https://www.youtube.com/watch?v=y3YGxMvv_M0
[3] https://keytocannabis.com/blogs/cannabis/10-celebrities-who-endorse-Hemp-derived product
[4] https://www.cbsnews.com/news/Hemp-derived product-on-a-real-market-high-swiftly-growing-demand-for-
[5] https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3ASTIL-2747620&symbol=STIL&region=C
[6] https://www.cbsnews.com/news/Hemp-derived product-on-a-real-market-high-swiftly-growing-demand-for-cannabidiol-products/
[7] https://www.supermarketnews.com/consumer-trends/boomers-and-millennials-alike-are-buzzing-about-Hemp-derived product
[8]  All stock info from www.stockwatch.com as of EOD 05/07/2019
[9] https://realmoney.thestreet.com/investing/stocks/farm-bill-passes-hemp-companies-will-be-big-winners-14808547
[10] https://www.brightfieldgroup.com/press-releases/europe-hemp-derived product-market-through-2023
[11] https://www.prnewswire.com/news-releases/charlottes-web-hemp-harvest-increases-10x-building-inventory-to-meet-growing-Hemp-derived product-product-demand-300778200.html

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LiteLink Selected by Deloitte as Blockchain Delivery Group

VANCOUVER, British Columbia, May 24, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B:FF), a leader in logistics, artificial intelligence and digital payment solutions is pleased to announce that it has been selected by Deloitte Canada to bring technical experience to key client engagements.

This collaboration has already generated a successful client engagement, as Deloitte and LiteLink have effectively delivered a blockchain solution in the supply chain, logistics space for a key public sector client. This Minimum Viable Product (MVP) was built on Quorum, permission, enterprise-grade fork of the Ethereum public blockchain platform developed by J.P. Morgan.

Deloitte began identifying a suitable use-case with their client in late 2017 to validate the alignment of the problem with the technology. This solution enables a shared trusted record of immutable, transparent data between participants to drive operational efficiencies in an existing process that is manual and involves multiple stakeholders. The solution also allows the automation of activities with the use of smart contracts creating further efficiency gains amongst parties.

“LiteLink collaborated with Deloitte to be an early adopter seeking out Clients that had a real need for the use of blockchain. We found a very necessary use case to drive immutable audit trails and mission-critical workflows to drive the cost of human error and leakage down in a multinational setting,”

said Jason Lawrence, LiteLink CTO.

“These types of relationships with Deloitte are exceptionally important to gain access to large enterprise opportunities where we can leverage each other’s strengths, economics, and talent pool to drive out the best blockchain solutions for our customers,”

commented LiteLink CEO Ashik Karim.

“Supply chains and logistics systems in both the private and public sectors are rife with opportunities to be revamped and reimagined. By applying Blockchain technologies as an innovative and effective tool to lead this overhaul, Deloitte is pleased to team up with companies like LiteLink to bring more value to shareholders and ratepayers,”

said Don MacPherson, Engagement Partner at Deloitte.

LiteLink combines deep industry experience in Logistics with leading-edge technologies to create an ecosystem of shippers, third-party logistics companies, and trucking carriers to operate together with a reduced effort, lower cost, and greater predictability. LiteLink has also established a core blockchain team in British Columbia that has found practical applications for the use of blockchain in logistics, supply chain, and rating.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B:FF) is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries. Our flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time. For more information about LiteLink Technologies Inc., please visit litelinktech.com. If you would like to know more about the 1SHIFT logistics platform, please visit 1shiftlogistics.com.

Forward-looking Statement

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the nature of the business of LiteLink, and other factors or information and do not represent any statements or information from Deloitte. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. LiteLink does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules, and regulations.

Please visit the company’s website at litelinktech.com. For a free report on LiteLink Technologies Inc. (CSE:LLT)(FRA:C0B:FFvisit microsmallcap.com.

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LiteLink Selected by Deloitte as Blockchain Delivery Group LiteLink Selected by Deloitte as Blockchain Delivery Group

VANCOUVER, British Columbia, May 24, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B:FF), a leader in logistics, artificial intelligence and digital payment solutions is pleased to announce that it has been selected by Deloitte Canada to bring technical experience to key client engagements.

This collaboration has already generated a successful client engagement, as Deloitte and LiteLink have effectively delivered a blockchain solution in the supply chain, logistics space for a key public sector client. This Minimum Viable Product (MVP) was built on Quorum, permission, enterprise-grade fork of the Ethereum public blockchain platform developed by J.P. Morgan.

Deloitte began identifying a suitable use-case with their client in late 2017 to validate the alignment of the problem with the technology. This solution enables a shared trusted record of immutable, transparent data between participants to drive operational efficiencies in an existing process that is manual and involves multiple stakeholders. The solution also allows the automation of activities with the use of smart contracts creating further efficiency gains amongst parties.

“LiteLink collaborated with Deloitte to be an early adopter seeking out Clients that had a real need for the use of blockchain. We found a very necessary use case to drive immutable audit trails and mission-critical workflows to drive the cost of human error and leakage down in a multinational setting,”

said Jason Lawrence, LiteLink CTO.

“These types of relationships with Deloitte are exceptionally important to gain access to large enterprise opportunities where we can leverage each other’s strengths, economics, and talent pool to drive out the best blockchain solutions for our customers,”

commented LiteLink CEO Ashik Karim.

“Supply chains and logistics systems in both the private and public sectors are rife with opportunities to be revamped and reimagined. By applying Blockchain technologies as an innovative and effective tool to lead this overhaul, Deloitte is pleased to team up with companies like LiteLink to bring more value to shareholders and ratepayers,”

said Don MacPherson, Engagement Partner at Deloitte.

LiteLink combines deep industry experience in Logistics with leading-edge technologies to create an ecosystem of shippers, third-party logistics companies, and trucking carriers to operate together with a reduced effort, lower cost, and greater predictability. LiteLink has also established a core blockchain team in British Columbia that has found practical applications for the use of blockchain in logistics, supply chain, and rating.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B:FF) is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries. Our flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time. For more information about LiteLink Technologies Inc., please visit litelinktech.com. If you would like to know more about the 1SHIFT logistics platform, please visit 1shiftlogistics.com.

Forward-looking Statement

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the nature of the business of LiteLink, and other factors or information and do not represent any statements or information from Deloitte. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. LiteLink does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules, and regulations.

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