Market Newsdesk

NEW YORK, Nov. 12, 2020 (GLOBE NEWSWIRE) — Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action that has been filed on behalf of investors that purchased or acquired the securities of Loop Industries (“Loop” or the “Company”) (NASDAQ: LOOP) between September 24, 2018 and October 12, 2020 (the “Class Period”). The lawsuit filed in the United States District Court for the Southern District of New York alleges violations of the Securities Exchange Act of 1934.

If you purchasedLoopsecurities, and/or would like to discuss your legal rights and options please visit Loop Shareholder Lawsuit or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) that Loop scientists were encouraged to misrepresent the results of Loop’s purportedly proprietary process; (2) that Loop did not have the technology to break PET down to its base chemicals at a recovery rate of 100%; (3) that, as a result, the Company was unlikely to realize the purported benefits of Loop’s announced partnerships with Indorama and Thyssenkrupp; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On October 13, 2020, Hindenburg Research published a report alleging, among other things, that “Loop’s scientists, under pressure from CEO Daniel Solomita, were tacitly encouraged to lie about the results of the company’s process internally.” The report also stated that “Loop’s previous claims of breaking PET down to its base chemicals at a recovery rate of 100% were ‘technically and industrially impossible,'” according to a former employee. Moreover, the report alleged that “Executives from a division of key partner Thyssenkrupp, who Loop entered into a ‘global alliance agreement’ with in December 2018, told us their partnership is on ‘indefinite’ hold and that Loop ‘underestimated’ both costs and complexities of its process.”

On this news, the Company’s share price fell $3.78, or over 32%, to close at $7.83 per share on October 13, 2020, thereby damaging investors.

If you wish to serve as lead plaintiff, you must move the Court no later than December 14, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

If you purchasedLoop securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/loopindustriesinc-loop-shareholder-class-action-lawsuit-stock-fraud-324/apply/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. © 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information
Matthew E. Guarnero
Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
[email protected]

Los Angeles, CA, Nov. 12, 2020 (GLOBE NEWSWIRE) — In response to the overwhelming need for preventative mental and physical wellness, Tony Fur and Todd Hunter (previously Chief Creative Officers at Observatory, a CAA company) launch OFFFIELD (www.offfield.com), a functional cannabis company designed to make working out more enjoyable. Tony and Todd partnered with cannabis entrepreneur Bert Culha (previously of F/IELD Extracts and Olio) and a team of doctors, nutritionists, and cannabis pioneers to develop an innovative & transparently sourced formula designed to help people move happy.

 

OFFFIELD’s first product, Enhanced Hydration, combines Broad Spectrum CBD + CBG, L-Theanine, B12, Magnesium, and Electrolytes for a powder blend meant to be dissolved in water and consumed 15 minutes before physical activity for reduced anxiety, inflammation, and increased hydration and motivation. These factors together alleviate the more burdensome side effects of exercise and help enable anandamide (also known as the “bliss molecule”), helping users biochemically conquer the “runner’s high” they strive for but so often cannot achieve. OFFFIELD’s launch reacts to statistics that concern the American public now more than ever such as 2 in 3 Americans lacking sufficient physical activity and the well-known fact that regular exercise benefits immunity, “even in isolation.”This, coupled with the fact that 50% of cannabis users claim cannabis motivated them to exercise, prove the launch an important step in the right direction.  

 

“Contrary to popular belief, ‘Runner’s High’ isn’t just about endorphins. Research shows we can use our endocannabinoid system to help us feel better during physical activity and that’s exactly where we show up,” says co-founder Tony Fur. “OFFFIELD’s mission is to help you get out of your head and into your body, making daily exercise more enjoyable. We call it Movement Made Happy and everyone is invited.” 

 

OFFFIELD believes that the enjoyment and understanding of self-care should not be reserved for privileged communities, but for all. In order to accomplish their belief, they did what any everyday athlete would do: make some goals. Their goals are built to serve people, places, and the planet, with commitments to those helping others.  At launch, the company has partnered with The Last Prisoner Project, pledging to donate 1% of annual sales for the remainder of the year. The money will go to helping free people incarcerated for cannabis laws that no longer exist. Alongside TLPP, OFFFIELD will work to help exonerees find their path to self-care as they enter back into society.  Furthermore, they have created a built-in “second chance hiring” program for people wrongly imprisoned for cannabis – ensuring that as they grow, so does their impact on the communities they come from. ]

 

“
The stigmas of weed culture are just that – stigmas,” says co-founder Todd Hunter. “We want to help break preconceived notions about cannabis and also push on the idea that research & innovation starts and ends in rest and recovery. Our formula uses cannabis to help people find balance and get moving, which is quite the opposite of what too many people think it’s capable of.”

 

OFFFIELD’s visual identity and branding further their mission of positive cannabis use, accessibility, and breaking the negative stigma. Led and executed by co-founders Tony Fur and Todd Hunter, who leaned on their CAA experience leading cross-discipline projects for brands like Coca-Cola, Chipotle, General Motors, and Bonobos, OFFFIELD’s branding was inspired by the “golden age” of fitness and sport where enjoyment and fun were front and center—when people were excited about a new activity (from jogging to rollerblading) and sports were less about performance and more about the experience. The company’s style sits at the intersection of timeless recreational style (albeit nostalgic & optimistic) and modern, minimal design to capture the lighthearted spirit of self-care that can re-inspire people to movehappy. 

 

Having started his career as a graphic designer and illustrator at the age of 16, Tony designed every graphic element and illustrated OFFFIELD’s collection of characters by hand, a skill he also put forward in developing animated brand work for Coca-Cola, Umpqua Bank, and Chipotle. The characters explore both serious and lighthearted topics in culture and our daily lives—their illustrated and animated adult archetypes are at the cross-section of fitness and cannabis, with the intention of making complex issues like health-care, legislation, and lifestyle more approachable. The characters can be found throughout their website and packaging cycling, doing yoga, running, playing tennis, skateboarding, and more. Some characters carry political references, from the law-makers responsible for propagating the war on drugs to hardworking United States postal workers that need to be recognized for their service (and also happen to deliver OFFFIELD).

 

OFFFIELD’s formula was developed in partnership with Everest and OFFFIELD’s Chief Science Officer Mark Farber, Dr. (MD, Ph.D., MS), who has a background in internal medicine, biomedical and chemical engineering, and basic science research. The product went through 30+ iterations to perfect the dissolving quality of high-quality CBD in water—landing on water-dispersed hemp oil that delivers cannabinoids to your system. The product was tested for safety and quality by Everest Formulations. Co-founders Todd, Tony, and Bert all have firsthand testimonial with OFFFIELD since they set out to perfect the product 1.5 years ago—with a 50-pound weight loss journey, completion of a first triathlon after years of back pain, and breakthrough progress in work/life balance (amidst a 1 to 2 child transition + working from home during the pandemic) respectively. Third-party clinical trials are underway and will be released as soon as available.

 

TEAM

• Tony Fur (CEO, Co-Founder) & Todd Hunter  (Co-Founder, Chief Brand Officer): Tony is recognized by Campaign Magazine as one of the most creative marketers in the world with 4 Grand Prix Lions, 4 Emmy Awards, and 8 Webbys wins. Todd is one of the world’s most awarded strategic and creative marketers, named to PR Week 40 Under 40 and Forbes 30 Under 30. Together they founded and grew Observatory (a CAA company), which was recognized by Fast Company as one of the “Most Innovative Companies of 2020” in the world. More than a decade of experience and leadership at CAA, while gratifying, led to burnout and the birth of something new in OFFFIELD, rooted in the two ways they (and many) balance the pressures of work & life: cannabis & exercise.
• Bert Culha – Chief Cannabis Officer, Co-Founder: As the founder of Cycle House (with locations in LA, New York, and DC), Bert is a fitness and cannabis industry veteran. In the last 6 years, he has built and grown successful cannabis companies, Olio in Denver and F/eld Extracts in Los Angeles.
• Dr. Mark Farber – Chief Scientific Officer: Dr. Farber MD, PhD, MS has a background in internal medicine, biomedical and chemical engineering, and basic science research. As a scientist, engineer, and physician Dr Farber has gained extensive experience with previous breakthroughs in chemical engineering, biomedical device design and sports science.

 

Product Details and Pricing

OFFFIELD Enhanced Hydration comes in 12-packsof 10g, single serving packets for $47.00 or A Trial Bundle with  3-packs of 10g, single serving packets and a limited edition OFFFIELD ™ x Nalgene 16oz water bottle for $19.99.

 

Each order ships free and a monthly subscription of twelve-packs are available for $37.60. The product is sold direct to consumer at www.offfield.com, with retail partners to follow.

 

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OFFFIELD’s Broad Spectrum CBD + CBG blend is sourced from Socati, a company built to give manufacturers access to quality hemp-derived ingredients run by a team of vetted agronomists, geneticists, and chemists with a proven track record in agribusiness, biochemical, medical cannabis, healthcare, and high-tech companies. The rest of OFFFIELD’s ingredients are sourced from the company’s partner, Everest Formulations, a NPA UL cGMP Certified Facility: Sodium Gluonate (sodium source), country of origin-France | Sodium Citrate (sodium source), country of origin-Canada |Potassium Citrate (potassium source), country of origin-Germany |Magnesium Citrate (magnesium source), country of origin-Germany| Zinc Gluconate (zinc  source), country of origin-India/USA |Vitamin B12, country of origin-China |L-Theanine, country of origin-China

 

*Test results available upon request

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Attachments

• Gusset Bag Image 5 Front Floating Stick Pack Transparent
• OFFFIELD

Cristina Krumsick
Isetta | OFFFIELD
305-905-2722
[email protected]

FORT COLLINS, Colo., Nov. 12, 2020 (GLOBE NEWSWIRE) — Geocann is proud to announce that Michael Davidson, M.D., has joined the company’s executive management team as Head of Innovation, Technology, and Clinical Research where he will focus on cutting-edge health solutions proven through well-designed clinical studies. Davidson is an internationally recognized expert on statins, novel lipid-lowering drugs, and omega-3 essential fatty acids. He has coordinated more than 1,000 clinical trials and published more than 250 articles for leading medical journals.

“Geocann’s initial cannabis research has set the benchmark for what’s demanded in an ever-evolving industry with implications and opportunities in a wide range of product applications such as nutritionals, pharmaceuticals, cosmeceuticals, and medical devices,” Davidson said. “I’m honored to lead our efforts in new research with a vision to make a significant impact that adds value to Geocann, our global brand partners, and the industry as a whole.”

Davidson is well-recognized in both the medical and financial communities for his successful business acumen. He founded the Chicago Center for Clinical Research (now owned by Radiant Research Inc.), which became the largest investigator site in the United States under Davidson’s leadership. He was the co-founder and Chief Medical Officer of Omthera Pharmaceuticals, which was acquired by Astra Zeneca Pharmaceutical in 2013 for $443 million USD. Most recently, he founded Corvidia Therapeutics in 2014 where he also served as the Chief Scientific Officer prior to it being acquired for $2.1 billion USD by Novo Nordisk in June 2020.

“Dr. Davidson’s experience and leadership will help guide our research and clinical study success that address the unmet needs of the hemp and cannabis industry,” Jesse Lopez, CEO and founder of Geocann, said. “Our goal is to provide innovative product solutions that are differentiated by patented drug delivery system technology and validated with first-to-market scientific evidence. While new cannabis markets are opening in the U.S., Canada, South America, Europe, and Australia, among others, we are keenly focused on expanding the depth of supporting science to increase our value proposition and protect our market leadership position in innovation and novel product solutions.”

According to Lopez, the company created the position to provide medical leadership in a business sector that is still in its infancy. “Davidson will offer invaluable experience in clinical study design, the review of scientific manuscripts and publications, and maintaining a laser focus on introducing the newest cannabis breakthroughs and how they relate to conditions such as pain, sleep, opioid-reduction, anxiety, and much more,” Lopez stated.

Geocann has been well-recognized for its substantial investments in research in order to meet the evolving demands of the marketplace and offer significant product differentiation to leading lifestyle and medical brands around the world. In addition to recent pharmacokinetic studies (Molecules 2019, 24(16), 2967) and the stability data for its products, further investments in new clinical research focused on both pharmacokinetic performance and clinical endpoints are well under way. Additionally, multiple toxicology studies have been completed and will be published this year as part of the company’s FDA GRAS (Generally Regarded As Safe) Notification and Novel Food application.

About Geocann

Geocann is a global cannabis organization led by experienced leadership with scientific and technical expertise for pioneering new innovations in natural health products and solutions. Its focus is combining clinically-researched cannabinoids with technologically-advanced and patented innovations that provide product differentiation with superior therapeutic performance and unmatched supporting evidence. Geocann owns a robust intellectual property portfolio, including the worldwide exclusivity for cannabinoids, terpenes, and flavonoids formulated with VESIsorb^®. For more information, please visit www.geocann.com.

For more information and interview requests, please contact Sam Davidson at 970-657-2479 or [email protected].

Contact: Sam Davidson        
1.970.657.2479
[email protected]       

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ec07837b-e2e3-4873-b585-abb1c21a0611

DALLAS, Nov. 12, 2020 (GLOBE NEWSWIRE) — Group 11 Technologies Inc., (“Group 11”) a US-based private company committed to testing and implementing commercially viable processes for in-place (“In-Situ”) recovery of precious metals, announces the initial five appointees to the Company’s Board of Directors.

Jeananne Hauswald, Director

Ms. Hauswald is the Managing Partner of Solo Management Group and has spent more than 25 years in the investment management, corporate finance, strategic planning and human resource fields. She was a director of Constellation Brands, Inc and Thomas & Betts, Inc., both NYSE-listed companies, and was the Chairman of the Audit and Human Resource committees of both companies. She served as Vice President and Treasurer of the Seagram Company, where she was also responsible for overseeing the corporate secretary, risk management, benefits funding and investor relations departments. Prior to joining Seagram, Jeananne spent 15 years at Celanese Corporation as Assistant Treasurer, Jeananne’s early work experience included banking at Morgan Guaranty Trust Company and Strategic Planning at International Paper Company and Shell Oil. Ms. Hauswald received her MBA in Finance from New York University and has a BS in Chemistry from Iowa State University.

Janet Lee-Sheriff, Director & President

A co-founder of Group 11 Technologies Inc, Ms. Lee-Sheriff has served as Chief Executive Officer of Golden Predator Mining Corp. since 2015. Golden Predator’s Secondary Recovery Unit was used in the successful first field test of EnviroLeach’s proprietary, non-cyanide based, solution for the recovery of gold. She also serves as Executive Chair of Taku Gold Corp. and previously served as President of Tigris Uranium Corp. She has worked proactively for over 30 years with First Nation governments and business groups as a strong advocate for environmental and social sustainability, inclusion and regional economic benefits. She is a recipient of the Queen’s Jubilee Commemorative Medal awarded for outstanding achievements by Canadians, is a member of PDAC’s Indigenous Affairs Committee and a graduate of Queen’s University.

David Morgan, Director

Mr. Morgan is a renowned precious metals analyst that has been involved in the natural resource sector for over 30 years. He originated The Morgan Report, a monthly report that covers economic news, the global economy, and to invest in the resource sector. Mr. Morgan frequently travels the world providing presentations and media appearances. He has appeared on media outlets including Fox Business, CNBC, Wall Street Journal and BNN Blomberg. He holds degrees in finance and engineering. A dynamic, much-in-demand speaker all over the globe, he is a big-picture macroeconomist whose main job is education—educating people about honest money and the benefits of a sound financial system. Mr. Morgan has an MS Business from La Verne, Los Angeles, California and a BS Aeronautical Engineering from San Luis Obispo, California.

Duane Nelson
,
Director

Mr. Nelson is the founder and Chief Executive Officer of EnviroLeach Technologies Inc, a co-founder of Group 11 Technologies Inc. He has been instrumental in the development of EnviroLeach’s proprietary environmentally friendly solution to extract precious and strategic metals from ores, concentrates and e-Waste. Prior to EnviroLeach, Mr. Nelson was Chief Executive Officer and co-founder of Silvermex Resources Inc., a past TSX listed gold and silver producer. He is also the founder of Quotemedia Inc., a successful financial market data company and a leading provider of global financial stock market data for the Toronto Stock Exchange, NASDAQ, OTC, and others. Mr. Nelson also serves as a Director with NGO Sustainability, Inc., in consultative status to the United Nation’s Environment and Social Council.

William M. Sheriff, Director

Mr. Sheriff is a co-founder of Group 11 Technologies Inc. An entrepreneur and visionary with over 30 years’ experience in the minerals and securities industries, Mr. Sheriff was a pioneer in the uranium renaissance as co-founder and Chairman of Energy Metals Corp. He was responsible for compiling the largest domestic uranium resource base in US history before the company was acquired by Uranium One Corp for $1.8 Billion. Mr. Sheriff also founded and serves as Executive Chairman of Golden Predator Mining Corp. and enCore Energy Corp. and serves as a Director with Ely Gold Corp. and Exploits Discovery Corp. He holds a B.Sc degree (Geology) from Fort Lewis College, Colorado and an MSc in Mining Geology from the University of Texas-El Paso.

Background on Group 11 Technology for Non-Invasive Extraction

In Situ Recovery (“ISR”) is a non-invasive extraction method that has transformed the uranium industry: oxygenated water-based solutions are circulated underground, dissolving the targeted metals, and then returned to surface for processing and recovery. ISR’s unparalleled environmental advantage includes no open pits or underground mining, no tailings or large waste dumps and no discharge of noxious chemicals at surface. It is a low-impact, low capital cost mining method. As for remediation and rehabilitation requirements, ISR delivers substantially reduced mine-closure time and costs compared to conventional practices. In addition, energy requirements, water usage and the environmental footprint of mining projects are significantly reduced by ISR technology.

Non-invasive extraction of minerals has been successfully implemented in the mining sector with many innovators and patent holders now involved at enCore, one of the Group 11 partners. These innovators pioneered In-situ Recovery which has been successfully utilized to recover metals including uranium and copper using liquid solutions other than cyanide. Group 11 is committed to the development and application of ISR extraction for gold and other metals using EnviroLeach’s patented environmentally friendly process along with enCore’s expertise in ISR extraction. This combination of expertise will advance a business model that has potential to disrupt the conventional mining industry.

The Group 11 Team: The future of metals extraction is a serious challenge for the mining industry which must address mounting concerns over its environmental and carbon footprint, energy consumption, operational safety and its impact on water use and water quality while responding to an ever-increasing need for metals in our daily lives. Each Group 11 partner brings a vital skill set to address these challenges and create a unique business opportunity. Group 11 is backed by a top tier staff of scientists and engineers; an extraordinary data set; independent technical validations; strategic relationships; research and development and commercially proven processes and technologies.

About Group 11 Technologies Inc. (‘Group 11’): is a private US-based company committed to the development and application of environmentally and socially responsible precious metals mineral extraction. The combination of non-invasive extraction technology and environmentally friendly processes to recover gold and other metals provides an alternate solution to conventional open pit and underground mineral extraction. The goal of advancing sustainable extraction considers growing concerns surrounding water use and discharge, carbon footprint, energy consumption, community stakeholders and workplace safety while addressing a growing global need for metals in our daily lives. Group 11 is owned by Enviroleach Technologies Inc. (OTCQB: EVLLF) (CSE: ETI), Encore Energy Corp. (OTCQB: ENCUF) (TSXV: EU) and Golden Predator Mining Corp. (OTCQB: NTGSF) (TSXV: GPY).

Group 11

 is a group of elements in the periodic table, also known as the coinage metals, consisting of gold (Au), silver (Ag) and copper (Cu).

For additional information:        
Group 11 Technologies Inc.
Janet Sheriff, President
214-304-9552
[email protected]
www.gr11tech.com 

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain forward-looking statements within the meaning of applicable securities laws including transaction
s
and other properties, and the potential advancement thereof. Forward- looking statements are statements that relate to future, not past, events. In this context, forward- looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. Estimates of mineral resources and reserves are also forward looking statements because they constitute projections regarding the amount of minerals that may be encountered in the future. All statements, other than statements of historical fact, included herein including, without limitation; statements about the terms and completion of the transaction are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual
results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the respective companies undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.