Medicine brands – Clomiphene QB Tue, 28 Jun 2022 10:29:26 +0000 en-US hourly 1 Medicine brands – Clomiphene QB 32 32 Glenmark Acquires Leading OTC Brands From Wockhardt in the US for an Undisclosed Sum Tue, 28 Jun 2022 10:02:00 +0000

Mumbai-based Glenmark Pharmaceuticals said it acquired the approved generic versions of some over-the-counter drugs from Wockhardt Ltd in the United States for an undisclosed sum. This decision should strengthen the acquirer’s OTC presence in the United States.

The acquisition by the Company’s wholly-owned subsidiary, Glenmark Pharmaceuticals Inc, USA, includes Approved Abbreviated New Drug Applications (ANDAs) for famotidine tablets, 10mg and 20mg, used to treat and prevent stomach and intestinal ulcers, the company said in a statement.

Glenmark did not disclose financial details. The stock ended at Rs 387, up 0.8% from BSE.

“The over-the-counter market has long been an important segment of Glenmark’s portfolio globally. Our acquisition of these ANDAs represents the continued expansion of our business in the OTC market here in the United States and our commitment to ensuring patients l ‘access to high-quality, affordable medicines,’ said President of Glenmark Pharmaceuticals Inc, USA, Sanjeev Krishan.

In the United States, Glenmark has acquired ANDAs of acid reflux medication cetirizine hydrochloride tablets, lansoprazole delayed-release capsules and olopatadine hydrochloride ophthalmic solution for allergic conjunctivitis and allergic rhinitis.

The company said its current portfolio consists of 175 products cleared for distribution in the US market and 48 ANDAs awaiting USFDA approval.

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

Source link

Damning inspections mark North Staffordshire care home as ‘inadequate’ Sun, 26 Jun 2022 04:00:00 +0000

Inspectors have placed a care home in North Staffordshire into special measures after giving it the lowest possible rating. The Care Quality Commission has raised concerns about the spread of infection, fire safety and staffing issues at the ‘inadequate’ Silverdale Nursing Home following its latest inspection.

The CQC is also concerned about the lack of ‘meaningful activity’ at the home, with one resident telling inspectors he hadn’t been out in two years and another saying he felt like a prisoner. Some residents had also experienced involuntary weight loss without any action being taken to address it.

The inspection was carried out in part due to concerns received about risk management and people being unlawfully restricted to the Newcastle Street home. It was rated as “inadequate” overall with inadequate ratings for safe, efficient, caring, responsive and well directed.

READ: Devastated owners put ‘beloved’ cafe up for sale

Silverdale Nursing Home, which is run by Silverdale Care Homes Limited, provides accommodation and personal care for up to 27 people, including people with dementia. It had already been rated “good” after its last inspection in 2018.

Amanda Lyndon, Adult Social Care Inspection Manager at the CQC, said: ‘When we inspected Silverdale Nursing Home, we found a ward where the standard of care had deteriorated significantly since our last inspection. People’s safety and well-being needs were not being met, some staff were indifferent and risks were not being managed effectively.

“People told us they were not treated with respect or kindness and that their individual needs were not taken into account. They said they were often ignored by staff or spoken to in a rude and unfriendly manner.

“It was heartbreaking to see that people weren’t being supported to take part in meaningful activities and one person said she hadn’t been out in two years, while another said she felt like a prisoner in the house. This is unacceptable.

“It was also concerning that several people had suffered unintended weight loss and no action was taken to address it, putting them at risk of harm. People’s food preferences were not taken into account. account and a person who was a vegetarian was given meat to eat.

“Staff turnover was high and newcomers were not recruited safely or given proper training or supervision. Existing managers and staff were unclear about their roles and responsibilities.

“The supplier had employed consultants prior to our inspection who were working on an action plan to make improvements. Their input was positive and focused on improving outcomes for people, but they hadn’t been around long enough for us to see meaningful changes to implement.

“We will continue to closely monitor Silverdale Nursing Home to make sure people are safe. If we are not sure that people receive safe care, we will not hesitate to act.

The inspector’s report raised the following concerns:

  • The risks have not been mitigated against the spread of infection. There was an outbreak of sickness and diarrhea on the first day of the inspection. The registered manager was aware, but no action had been taken to isolate symptomatic people.
  • The fire service had identified fire safety concerns on a previous visit, including when an emergency door in the garden was locked. Inspectors found that no action had been taken and the gate to the garden was still locked at the time of the inspection.
  • People’s medicines were not always stored safely. For example, one person’s insulin was given to them after being kept out of the refrigerator for seven weeks. The box of insulin stated that the medicine should not be stored outside the refrigerator for more than four weeks.
  • People were supported by a large number of agency staff who had not been properly vetted before starting work.
  • The systems in place did not protect people from the risk of abuse.
  • Staff turnover was high and agency staff supporting people was inconsistent. This meant that they didn’t always know people well enough to be able to meet their needs safely.
  • People’s nutrition and water intake records lacked detail and did not record the specific foods people ate.
  • People were living in housing that was not suited to their needs. For example, minimal adaptations had been made to the home to help people with dementia navigate.

Being in special measures means the CQC will keep the house under review, and if it doesn’t offer to cancel the provider’s registration, inspectors will return in six months to check for ‘significant’ improvements. Silverdale Care Homes has been approached for comment.

NEWSLETTER: Sign up for email alerts straight to your inbox


44,100 households in Stoke-on-Trent eligible for cost of living subsidy

Stoke-on-Trent care home said it ‘needs improvement’ for third time

Residents call this North Staffordshire care home a ‘five star hotel’

Aspiring tenant forced to live in hotel after house flooded

DWP warns that traveling abroad may affect benefit payments

Source link

With growing consumer interest in psychedelic travel, mainstream brands are marketing pseudo-psychedelics Sat, 25 Jun 2022 15:16:32 +0000

Mainstream brands are appropriating the hype around psychedelic medicine to market products that don’t contain any psychedelics, while cashing in on the buzz around terms like “psychedelics” and “microdosing.”

The global mental health crisis has brought substances back into the center of the discussion in what is called “the psychedelic rebirth.” As traditional medicines and conventional therapies have been unable to provide effective treatment for many, psychedelics are being tested in clinical trials for their therapeutic ability to help cure various mental health conditions.

Still, there is something to keep in mind for those eager to have a psychedelic experience or delve further into creative states: While clinical studies are advancing rapidly, the setting for virtually all psychedelics is, at this day, again federal illegal. The only exception so far, are therapeutic parameters governed by state-wide measures, as in Oregon.

If not, there is no way to legally obtain a psychedelic – psilocybin, MDMA, LSD, or DMT – to use in everyday life.

The current supply of the microdose market

As david hodes reports in his recent Green Market Report article, many mushroom products are beginning to flood the market, also targeting the audience for microdosing psychedelics.

Hodes’ research led him to find a brand producing what they call “psychedelic water“, a combination of kava root, damiana leaf and green tea leaf extract that creates “a feeling of euphoria for a hangover-free experience”, while containing no psychedelic substances.

Several companies promise a “magical” experience with their mushroom blends, when there is nothing in these products that will induce a true psychedelic trip. Simply put, they don’t have hallucinogenic properties.

Their constitution is the result of a mixture of mycelium, fruiting bodies, masala chai, chaga, reishi, cordyceps, lion’s mane, cocoa, turmeric, cinnamon, sea salt and even caffeine. On the bright side, many of these non-psychedelic mushrooms have health benefits, such as relieving stomach pain or boosting the immune system.

Nevertheless, according to user reviews, some of the products achieve results similar to those produced by psychedelics: energy, focus, calming moments, relaxation or euphoria. A kind of cerebral stimulant without the tense effect usually found in coffee.

Psychedelic experience from natural plants

According to Hodes, true natural springs provide a true psychedelic experience: the “herbal highs,” most still legal with differences in safety and effectiveness. The list includes mad darlingan intoxicating drug from Nepal used as an aphrodisiac; lysergamide (LSA), a seed producing effects similar to those of LSD; and amanita muscaria mushroomswhich can cause hallucinations as well as coma and death.

This shows an existing legal variant of psychedelic experiences for those researching, while the most popular psychedelics currently in clinical trials (MDMA, LSD, psilocybin, DMT) are showing positive results in research.

Photo courtesy of Ketut Subiyanto on Pexels.

Source link

Experts Highlight Industry Challenges, Marketing & Advertising News, ET BrandEquity Fri, 24 Jun 2022 10:30:00 +0000
Representative image (iStock)

The top 300 widely used drug brands will have Quick Response (QR) codes to ensure authenticity and traceability of drugs, according to the Union Department of Health which amended the Medicines Rules of 1945 to put implement the innovative program.

In March, the ministry had asked the Department of Pharmaceuticals (DoP) to shortlist drug brands that could be included for the implementation of mandatory QR codes.

The National Pharmaceutical Pricing Authority (NPPA) has identified the top 300 drugs used for QR codes, including painkillers, vitamins, diabetes and high blood pressure drugs.

The industry has welcomed the measures to introduce QR codes on widely used medicines, which will help prevent counterfeit medicines which have become a threat in recent years and also help ordinary citizens to collect accurate information on medicines. that they use.

“We welcome the government’s decision to start only with the top 300 brands, as this will allow the ecosystem to grow before it expands to the whole sector,” said Nishant Berlia, chairman of the committee of pharmaceutical manufacturing, PHDCCI. However, he also highlighted some challenges for program implementation.

There are three challenges, he said, the first to implement QR printing is significant change control in the manufacturing process and requires time to roll out. Secondly, there should be cost escalation allowed for small and medium manufacturers who manufacture cheaper but small batch sizes and conversely will have a higher implementation cost per batch.

“Third, the availability and affordability of computer systems at the last mile distribution level in our country means that many of the most at-risk meters will be slow to participate without subsidies or subsidies,” said the chairman of the committee of pharmaceutical manufacturing.

“Counterfeit medicines have recently emerged as a global threat and QR codes for medicine security can greatly assist in the management of counterfeit medicines and the proper administration of medicines to patients. Medicine packaging now comes with codes QR offer transparency on the manufacturing process, drug content and expiry date,” said Nikkhil K Masurkar, Executive Director, ENTOD Pharmaceuticals.

He added that QR codes can even enable better monitoring of data by a pharmaceutical company. “It is certainly a welcome move by the government that will soon make the QR code mandatory on the 300 medicine pack. The medicine packs that come with a unique QR code, will help trace the source and affirm the authenticity of the products” , he added. .

Study Highlights Use of AI and Other Advanced Technologies in Audience Selection, Content Optimization, Channel Preference and Email Delivery

Here are the success stories of three brands…

Source link

14 brands of black-owned wine, spirits and beer you should try Thu, 23 Jun 2022 13:57:57 +0000

Courtesy of LS

The ESSENCE of Culture festival is almost here, and we’re gearing up for all the fun that’s coming to New Orleans from June 30 through July 3. There will be plenty of events to attend, from the Beauty Carnival to the Wellness House to E-Suite, the ESSENCE Film Festival and all the major concerts taking place from Friday to Sunday with Nicki Minaj, Janet Jackson and New Edition in the lead. poster. But that’s just a taste of what’s to come.

One of the newest events is the ESSENCE Eats Food & Wine Festival, which will feature a bevy of talented black vendors whose drinks are shaking things up in wine and spirits. Some of the following vendors speak on panels, support the event, and their wares are made available for drinking and buying. Others are just names and tastes that you should familiarize yourself with as soon as possible. Get to know them and feel free to show your love for the following brands, whether you experience them in person at NOLA or want to try them at home.

Created by husband and wife team Don and Nayana Ferguson, Anteel’s tequilas, including Blanco, Coconut Lime Blanco and Reposado, have become award-winning offerings in the spirits lane. Nayana will be a panelist at ESSENCE Eats.

With brand principles including authenticity, freedom and self-determination, Exclave Spirits’ aged whiskeys (one rye and one bourbon) are rich in flavor while the brand is rich in purpose. Founder Andrew Albert will be another panelist at ESSENCE Eats.

Although not technically black owned, Lobos 1707 operates with the help of black talent. That includes CEO Dia Simms and LeBron James, an early investor and shareholder in the tequila brand, which launched in 2021.

With their hugely popular Black Girl Magic Wines, which they presented at the Festival years ago, the McBride sisters, Robin and Andrea, have significantly expanded their wine empire with a number of offerings. The sisters will speak as panelists at ESSENCE Eats.

With CEO Fawn Weaver and master blender Victoria Eady Butler at the helm, Uncle Nearest won 185 awards in 2021 and is said to be the best-selling African-American spirits brand of all time. Tracie Franklin, part of the Nearest and Jack Leadership Acceleration Program created by Uncle Nearest and Jack Daniels to diversify the whiskey path, will be at ESSENCE Eats as a panelist.

Courtesy of Ole’ Orleans Wine

The creation of New Orleans native Kim Lewis, and based on her love of the city and family history, Olé Orleans Wines has been producing and selling premier NOLA-based wines since 2018. Discover Lewis as as a panelist at ESSENCE Eats.

Created by husband and wife team Stevens Charles and Myriam Jean-Baptiste, LS is an award-winning cream liqueur inspired by the beloved recipe for Haitian creams. Jean-Baptiste will be present as a panelist at ESSENCE Eats.

Co-owned by ESSENCE Fest headliner Nicki Minaj, this wine brand is known for its flavorful moscatos, sangrias, red wine blends and more.

ESSENCE Festival regular Mary J. Blige won’t be taking the stage this year, but you should get your hands on her popular and delicious line of wines, Sun Goddess.

From Rose to Grand Reserve Brut and more, B. Stuyvesant champagne offerings are one of a kind and it makes sense to see why. Marvina Robinson is one of the few black women in the champagne lane, innovating while drawing inspiration from her Brooklyn roots.

The LA-based brand’s craft vodka is 10 years strong. It was founded by Paul Ryan Elliot and Harry Martin and is known for its smooth taste and very rich, vibrant aroma.

Kevin Hart, headliner of ESSENCE Fest which will perform its “Reality Check” tour on Thursday night, is also a panelist for ESSENCE Eats. He got into wine and spirits with his new brand of tequila. The Gran Coramino Reposado Cristalino is a clear reposado that is said to have delicious oak and butterscotch flavors.

Founded in 2011, the New Orleans beer brand is said to be the first black-owned brewery in the state of Louisiana and in the South. You can find him at the bar at ESSENCE Eats.

The black-owned craft beer brand Crowns & Hops was founded by Beny Ashburn and Teo Hunter. Their mission? In addition to creating world-class beer, it’s about “creating family-friendly, community-centered spaces with underserved communities of color in mind, fostering diversity, economic growth and impacting inclusion”.

TOPICS: black-owned businesses PETROL Eat food and drink

Source link

]]> What are the most trusted financial brands in Canada? Tue, 21 Jun 2022 20:00:00 +0000

Financial companies rarely take the leading role in these polls where people are asked to rate the companies they trust the most. Tim Hortons topped a recent poll of Canadians, Band-Aid in the US, Toyota in Japan, Google in India and Samsung in South Korea.

Two payment apps, PayPal and Alipay, were in the lead in Germany and China respectively. And Visa took sixth place in the US ranking. But overall, banks and investment companies are not in the game.

People don’t become emotionally attached to their bank or investment company like they do with the coffee and donut outlets they see all the time, or the phones and cars they use. all the time. But we can always try to highlight the financial companies that people trust the most.

That’s the point of the latest Carrick on Money survey. I want you to tell me which financial company you trust the most. This company can be in any aspect of finance – banking, financial planning, budgeting or investing applications, portfolio management, mutual funds, exchange traded funds or other products. The goal is to find out which companies are most successful at making customers feel they can trust them.

I will return to the results in a future newsletter. Stay tuned.

Subscribe to Carrick on Money

Do you read this newsletter on the web or did someone email you the version? If so, you can sign up for Carrick on Money here.

Rob’s Personal Finance Reading List

A reality check for the millennial lifestyle

A writer for The Atlantic uses a $50 Uber ride to illustrate how low ride-sharing and food delivery prices are over for now.

Housing: a buyer’s market?

A look at how rising interest rates have cooled the housing frenzy and given buyers more leverage than they’ve had in years. Now for a reality check on the marvels of the smart home, where you control functions like lights and temperature with apps for smartphones and other devices.

Don’t count the 60-40 wallet

An American investment blogger reviews the worst years for portfolios with a 60% stock and 40% bond allocation – the standard balanced portfolio, in other words. Bonds have been hit just as hard as stocks this year, prompting some investors to wonder if the 60-40 mix is ​​no longer relevant. Turns out the balanced approach has seen worse and bounced back.

Razor Logic

Shaving Foam…Gel…Shaving Cream – I buy whatever is cheapest and have never thought twice about it. But here’s some information that shaving cream, potentially the most expensive option, is the best. Me, I start buying again what is the cheapest.

Ask Rob

Q: Would it make sense for the Bank of Canada’s overnight rate to be adjusted periodically to match the rate of inflation?

A: The overnight rate determines the trend in consumer borrowing. It is now at 1.50%, compared to 0.25 at the start of the year. The overnight rate has risen to calm inflation, which hit 6.8% in April and could rise further. Matching the overnight rate to the rate of inflation would be an excessively harsh remedy for the economy. Borrowers would be crushed, both individuals and businesses. The Bank of Canada’s current objective is to raise rates to keep up with inflation while preventing the economy from sliding into recession. Even the relatively moderate rate increases envisioned for 2022 make this a difficult task.

Do you have a question for me? Send me. Sorry, I can’t answer everyone personally. Questions and answers are edited for length and clarity.

Today’s financial tool

The best banks for international students, according to the Savvy New Canadians blog.

The cashless zone

A Pitchfork appreciation of a great but underrated musician, Terry Callier. A contemporary of Curtis Mayfield, Callier combines folk, jazz and soul in a way that ranges from dreamy atmospheres to songs that strike me as monumentally catchy. I previously mentioned my favorite Callier song, Ordinary Joe. The album he appeared on is the one featured in Pitchfork’s appreciation, Occasional Rain.

look at this

Salman Ahmed, chief investment officer at Steadyhand Investment Funds, explains why Elon Musk is wrong to call socially responsible investing – known as ESG, for environmental, social and governance factors – a scam.

Who I am on Twitter

Dan Gardinera voice of reason and logic on finance and other topics of interest.

what i wrote about

More Rob Carrick and Financial Hedging

Subscribe to Stress Test on Apple Podcasts or Spotify. For more money stories, follow me on Instagram and Twitter, and join the discussion on my Facebook page. Gen Y readers, join our Gen Y Money Facebook group.

Even more Rob Carrick coverage:

Do you read this newsletter on the web or did someone email you the version? If so, you can sign up for Carrick on Money here.

Source link

SNAP Brands Ventures Ltd. signs letter of intent to purchase for award-winning Canadian college Tue, 21 Jun 2022 18:00:00 +0000

SNAP Brands Ventures Ltd. signed a letter of intent to purchase an award-winning Canadian college to further contribute to the research and development of Snap Brands ÜRBIOCODEMT and ÜRSTAXMT platforms.

VANCOUVER, BC, June 21, 2022 /CNW/ – SNAP Brands Ventures Inc. (“SNAP”) is pleased to announce that it has entered into a non-binding letter of intent (“LI”) to purchase an award-winning, internationally recognized Canadian college. scale (“College”) . SNAP intends to use the College’s specialties in holistic medicine to further assist in the research and development of SNAP’s ÜRBIOCODEMT and ÜRSTAXMT platforms. Pursuant to the terms of the letter of intent, the parties have agreed to a 60-day due diligence period and will proceed to negotiate and execute in good faith a definitive agreement which will set out all terms of the transaction. proposed.

Logo SNAP Brands Ventures Ltd. (CNW Group/SNAP Brands Ventures Inc.)

SNAP’s Telehealth app uses audio signal processing and machine learning to analyze 30-second audio clips of a user’s voice to quickly and accurately identify known and unknown health conditions such as low vitamin deficiency, inflammation, poor cardiovascular and/or cognitive health. SNAP then correlates these biomarkers (called ÜRBIOCODEMT) to products, such as their premium line of personalized health and wellness products known as ÜRSTAXMT

The Canadian College that SNAP intends to purchase has annual revenues of more than $4 million (CAD) of its main business units, with an annual EBITDA of approximately $1.5 million (GUJAT).

Dino MinichielloSnap Brands CEO: “With nearly two decades of profitability, this world-renowned Canadian college fits well with our global SNAP Brands model of integrating traditional and cutting-edge medical and health practices with the goal of increasing global availability of sustainable healthcare.”

About SNAP Brands Ventures Ltd. Vancouver BC Canada

Snap Brands is developing a first-of-its-kind direct-to-consumer (D2C) telehealth service. Snap uses audio biomarkers to associate and recommend health products to improve your overall well-being and quality of life. Snap Brands also researches, develops and markets the best of the best health supplements under the ÜRSTAXMT brand, which is their in-house product portfolio. ÜRSTAXMT is proudly produced in North Americashipping to customers in Canada and United States.

The Company has entered into a merger agreement with a reporting issuer under a reverse takeover (RTO) transaction and concurrently intends to apply for listing on a Canadian stock exchange. The reporting issuer is completing a corporate reorganization to reflect the merger which, if completed, Snap Brands will become a public reporting issuer. Further details on changes to the company to become a public issuer will be announced as they occur.

SOURCE SNAP Brands Ventures Inc



View original content to download multimedia:

Source link

Social media influencers will be taxed for brand gifts from July 1 Tue, 21 Jun 2022 12:47:16 +0000

A new Central Board of Direct Taxation (CBDT) rule, introduced in the 2022 Finance Act, makes withholding tax (TDS) compulsory for social media influencers and doctors – against free gifts and products to which they are sent, by the brands . According to a report on the matter by Mint earlier this week, the government took this decision in order to increase the overall taxpayer base in India.

How the new TDS rule will work for social media influencers

According to the report, social media influencers will be exempt from the 10% TDS rate if they return a product, after the end of a brand collaboration or marketing activity. CBDT’s official explanation says, “Whether this is a benefit or a perquisite will depend on the facts of the case. In case of benefit or indirect benefit being a product like car, mobile, outfit, cosmetics etc. and if the product is returned to the manufacturing company after being used for the purpose of rendering a service, it will not be treated as a benefit or collateral benefit for the purposes of Section 194R of the Act.

Areas covered by the new regulations include gifts such as cars, televisions, laptops, cell phones, gold coins, free event tickets and overseas travel for media influencers. social.

For doctors, the deductions extend to areas such as free drug samples often provided to them by pharmaceutical companies. In such cases, hospitals and medical organizations that employ doctors will be required to calculate the value of free samples received by a doctor – and claim a tax deduction on them by adding the value of these samples to the individual’s income. respective.

The settlement further clarified that sales discounts, which are often offered by companies in partnership with social media influencers through marketing campaigns, will not be part of the new TDS rules – and will be exempt from charges. additional taxes. However, it is unclear whether awarding benefits through other means, such as crediting promotional money in digital wallets or loyalty points, would also be eligible for the tax deduction.

Thanks for reading till the end of this article. For more informative and exclusive technical content, like our Facebook page

Source link

2022-06-20 | CSE:XCX | Press release Mon, 20 Jun 2022 07:00:08 +0000

HAMBURG, GERMANY, June 20, 2022 /CNW/ – Greenrise Global Brands Inc. (Frankfurt: C4T) (ISIN: CA39540L1085) (CSE: XCX) (“Greenrise”), which operates in the German wellness and medical CBD cannabis market, announces its results for the three months ending March, 31stst2022 (Q1, 2022) and provides an update on the acquisition of CannaCare Health GmbH (“CannaCare”).

Frank OttoDirector of Greenrise and Co-Founder of CannaCare said, “We have seen strong monthly sales growth since the launch of CANOBO and VITALEA in major pharmacies across Germany and anticipate strong sales growth for the remainder of the year as we launch an advertising campaign to support our pharmacy sales.”

Hendrik Knoppdirector of Greenrise, said, “The combination of Greenrise and CannaCare was driven by the legalization of cannabis use by adults. We look forward to the results of the German Narcotics Commissioner’s discussions with a wide range of stakeholders, including drug addiction doctors. , cannabis associations and international experts this month. We believe this will lay the foundation for the government’s legalization strategy, which we hope to see announced this fall.

First Quarter 2022 Highlights

  • The results for the first quarter of 2022 represent the activities of its wholly owned subsidiary, AMP Alternative Medical Products GmbH (“AMP”).
  • Greenrise entered into discussions to acquire CannaCare, which were completed and announced early in the second quarter of 2022.
  • Unaudited sales increased by 26% to €145,462 in the first quarter thanks to the sale of medical cannabis products to pharmacies and distributors in Germanycompared to €115,056 in the first quarter of 2021.
  • Greenrise reduced its fixed cost structure and operational expenses, which led to a 26% decrease in operating losses to €409,619 in the first quarter, compared to €551,852 in the first quarter of 2021.
  • AMP has been appointed distributor and distributor of Little Green Pharma medical cannabis extract oils for the German market, which are also used in Waldhausklinik Deuringen gGmbH, a non-profit acute care hospital for internal medicine, collaborative clinical study with AMP on the efficacy and safety of medical cannabis.
  • AMP and Eurox Pharma GmbH have entered into a non-exclusive agreement for the commercialization and distribution of Dronabinol for the German market.
  • Further information is contained in the financial statements and related MD&A, available on SEDAR (

Highlights post-Q1 2022

  • Greenrise has completed the acquisition of a majority stake in CannaCare and will begin to consolidate its financial results in the second quarter of 2022. Greenrise has the exclusive option to acquire the remaining 49% of CannaCare from Mr. Frank Otto and the Oplesch family for the shares of Greenrise until 2024.
  • CannaCare recorded unaudited sales of €184,296 in the first quarter of 2022,
  • CannaCare recorded unaudited sales of €140,904 in April and €240,065 in May due to the launch of CBD products in three major pharmacy chains in Germany At the beginning of April.
  • Greenrise Announces the Closing of the Third Tranche of its Non-Intermediary Private Placement (“Unitary Private Placement”), Raising Gross Proceeds of €250,000 ($340,000 CAD) through the issue of 1,700,000 shares at the subscription price of CA$0.20 per unit. Each Unit consists of one common share of Greenrise (“Common Share”) and two stock warrants, exercisable for one Common Share at an exercise price of CA$0.35 at any time for up to one year and CA$0.50 at any time up to two years after the closing date. All securities issued pursuant to the private placement of Units will be subject to a statutory hold period of four months plus one day from issuance in accordance with applicable securities laws.
  • Greenrise raised total gross proceeds of €525,266 (CA$723,400) in the closings of the first and second tranches of the Private Placement Unit announced on April 4, 2022and April 14, 2022respectively.
  • Greenrise issued an unsecured debenture convertible into 4,201,552 Private Placement Financing Units to Mr. Otto for a principal amount of €608,920.55 (CA$840,310.36)bearing interest at the rate of 2% per annum, with a maturity of December 31, 2024in exchange for a shareholder loan from Mr. Otto to CannaCare.
  • Mr. Frank Ottowhich owns 9% of Greenrise and 18% on a fully diluted basis, was appointed to the board.

About Greenrise Global Brands Inc.

Greenrise is a publicly traded Canadian company that owns 51% of CannaCare Health GmbH, a Hamburg producer and supplier of CBD wellness products and wholly owns AMP Alternative Medical Products GmbH, an Erfurt-based importer and distributor of EU-GMP medical cannabis to pharmacies.

For more information, please visit:

Doctors and pharmacists can find more information at:





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

This press release contains forward-looking statements based on the Company’s expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to its business plans and milestones and their calendar. Although the Company believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, these statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Accordingly, actual results may differ materially from those expressed in such forward-looking statements and readers should not place undue reliance on such statements. These forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless the otherwise required by law.

SOURCE Greenrise Global Brands Inc.

Quote View original content to download multimedia:

Source link

Now is the time for brands to plan their entry into the metaverse Sun, 19 Jun 2022 23:00:03 +0000

If you’re confused about the impending metaverse and what it all means, you’re not alone. According to Bloomberg, the metaverse is set to become a rich stratification of “social, persistent, shared, and virtual 3D worlds” and a “convergence of the physical and digital realms in the next evolution of the Internet.”

Meanwhile, crypto evangelists tout it as a manifestation of Web3, a somewhat nebulous term that envisions a brave new virtual frontier where the infallible blockchain enables both decentralized finance and thriving token-based economies.

As a concept, Metaverse should not be confused with Meta, the newly created and much-derided brand of Facebook’s umbrella company. That said, its new name says a lot about the ambitions of the social media giant.

By planting such an overt flag, Zuckerberg and his minions are jostling to become both the primary gateway to the burgeoning metaverse and a generic brand. And yet, if the futurists’ predictions come true, Meta will be just one of countless new platforms in the metaverse.

The estimated market potential is US$800 billion by 2024. Currently, major gaming platforms like Roblox, Activision Blizzard, and Electronic Arts are best positioned to grab the lion’s share, leaving US$200 billion. american dollars in crumbs. This includes sales of hardware interfaces, such as Meta’s new Oculus Quest 2 headset, but also new competing models from Apple and Google.

Ticketing for “virtual live” experiences is expected to be just as massive. Imagine concerts, sporting events and movie premieres, witnessed remotely by millions of people and their digital avatars. Indeed, in Horizon Worlds, Meta’s new “metaversal lair”, you can build your own cartoon look-alike, customize a 3D world and, yes, settle in for movie night.

The implication is that instead of investing in ‘bricks and mortar’, brands now need to think about ‘chunks and such’. Namely, how much real estate should they locate in this nascent digital realm?

Some big brands have already bought with great fanfare. Gucci has just teamed up with Roblox to create “Gucci Gardens,” a virtual experiential event where consumers can stroll through glittering fashion exhibits and dress up their own avatar. Coca-Cola recently partnered with avatar maker Tafi to design virtual clothing for non-fungible tokenized (NFT) collectibles.

Similarly, Nike announced a major investment in the metaverse by acquiring NFT studio RTFKT, whose main claim to fame was selling 600 pairs of virtual sneakers (alongside real ones) and earning $3.1 million in six minutes. Meanwhile, Hyundai and Louis Vuitton have both created online games designed to “educate” younger, tech-savvy audiences about the heritage of their respective brands.

Brands keen to enter the metaverse should learn from these early forays and weigh their own investment accordingly. Specifically, they need to ask themselves, is this the right time (or the right time) for their brand? After all, the metaverse is still in beta mode. True immersion is currently limited to those with the hardware required to access it, and realistically that remains a tiny percentage of consumers.

With that in mind, are people really going to invest time in glitchy, heavily branded 3D environments just to interact with virtual products? Maybe… but more likely, not yet. So far, with a few notable exceptions, most metaverse ventures by brands have been gimmicky, clunky, and expensive.

And just like previous augmented reality runs, their effectiveness depends on the device model and/or its respective updates, data cap or cellular coverage – it’s cool when it works; it’s frustrating when it doesn’t. In this sense, the large-scale adoption of the metaverse depends on expanding the accessibility of the average consumer and addressing uneven performance like latency.

There are also troubling philosophical questions that arise from our deep dive into unregulated man-made constructions. Do brands have a duty of care in pursuing a future that will only serve to further detach people from physical reality?

If more and more of us spent most of our pampered waking hours in tailor-made virtual utopias, then how much would we care about climate change, environmental degradation, a land war in Eastern Europe or exponential inequalities?

Plus, if something like bitcoin mining and the deleterious impact it’s had on global emissions has already failed to move us, then what happens when we can literally plug in and close everything else. Because make no mistake, that’s what metaverse ultimately means.

Experts like to proclaim that it will become an “egalitarian nirvana” that will allow everyone to become the best version of themselves. And yet, is there anything particularly self-realized about living in pretty but soulless digital worlds?

More worrying is the realization that these 3D brand environments will inevitably be powered by savvy artificial intelligence that knows everything about you as a consumer – your preferences, your politics, your peccadilloes and even your personal health.

On the positive side, wondrous spaces will emerge from the metaverse, ranging from the exciting, spellbinding, educational, and erotic. And it’s easy to imagine how meticulously modeled 3D structures will enjoy virtuous application in real-world vocations such as architecture, advanced medicine, and even art.

In this sense, the metaverse has the potential for great good. But as Ian Bogost of The Atlantic argues in a recent article, it has an equal chance of becoming a “consumer black hole”. Given the social media precedent, it’s hard to disagree with that assessment.

Either way, the metaverse is coming – and now is the time for brands to get ready to jump into this whole new virtual world.

Read next: Why Big Companies Are Supporting the Metaverse in a Major Way

Source link