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Visionstate Corp. (VIS.V)

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  • Visionstate Portfolio Company Freedom Cannabis Inc. Signs a New Deal to Expand into Extraction Services
    GlobeNewswire

    Visionstate Portfolio Company Freedom Cannabis Inc. Signs a New Deal to Expand into Extraction Services

    EDMONTON, Alberta, May 18, 2021 (GLOBE NEWSWIRE) -- Visionstate Corp. (TSXV: VIS) (“Visionstate” or “Company”) is pleased to announce that Freedom Cannabis Inc. (“Freedom”), a portfolio company of Visionstate Corp., has entered into a non-binding Memorandum of Understanding with one of Canada’s leading extraction companies, Cannabis Tolling Solutions (“CTS”), to collaborate on strategic business opportunities, including establishing an extraction division of Freedom Cannabis Inc. and other partnership opportunities that leverage the respective strengths of the two companies. CTS’s leading cannabis-extraction expertise and experience paired with Freedom’s vertically-integrated state-of-the-art cannabis production and sales capabilities will result in developing and operating top-tier extraction services within Freedom’s facilities. “Freedom Cannabis Inc. is extremely proud of our cannabis products, highly-valued for their quality, strain popularity, and THC content. We have no doubt the addition of CTS 2.0 products will continue to achieve Freedom’s level of standards for quality and popularity,” said Gianfranco Potestio, Freedom’s CEO. “We are excited to explore this collaboration with CTS to deepen our vertical integration, broaden our product range into extract solutions, and create new revenue streams with experienced, innovative, and award-winning partners. We look forward to developing new, world-class extract products with the CTS team.” About CTS CTS is a privately-held, world-class extraction group with industry accolades and international awards for its top-shelf extracts products in the legal market, gray market, and cannabis events. In addition to being one of the most knowledgeable, dynamic, and well-connected cannabis consultants in Canada, with a long history in all facets of the cannabis industry, CTS CEO Andrew Freedman is a well-known author, personality, and cannabis sommelier (https://thecannabissomm.com). He has written for and been featured in many international publications, including High Times, The Globe and Mail, The Hollywood Reporter, LA Weekly, and many more. Andrew’s book “Terpenes for Wellbeing” was published in April 2021 and is currently on the Amazon bestseller list. One of the first people certified in Cannabis Edibles & Cuisine by the American Culinary Federation, Andrew writes, hosts events, and teaches seminars on cannabis and wine pairing, cannabis cocktails, and cannabis dining. He also leads several social media channels and hosts a podcast “Beers with Buds”. About Freedom CannabisFreedom Cannabis Inc. is a vertically-integrated cannabis company, employing more than 60 people, focused on producing the highest-quality cannabis. Freedom has cultivation, processing, and packaging capabilities for its proprietary cannabis products and contract services for third parties. Freedom operates in a state-of-the-art, 120,000 square foot indoor production facility in Acheson, Alberta. Freedom believes in environmental sustainability and has built Canada’s largest solar rooftop facility, reducing impact on the electrical grid. In addition, Freedom utilizes an automated watering system that recycles water, provides better water management, and minimizes impact on the area's utilities. Finally, Freedom implements automation in every production area to reduce the workload for its people and allow the company to do more for its consumers. About Visionstate Corp. Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building-up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences. Issued on behalf of the Board of Directors,“John A. Putters” Visionstate Corp. To learn more, please contact:Visionstate Corp.CHF Capital MarketsWebsite: www.visionstate.comJohn Putters, CEOPerry RapagnaTwitter: @visionstate(780) 425-9460(416) 868-1079 x 230Facebook: @visionstatejputters@visionstate.com perry@chfir.comLinkedIn:@VisionstateCorp.

  • Visionstate Engages Stockhouse to Provide Digital Marketing and Investor Awareness Services
    GlobeNewswire

    Visionstate Engages Stockhouse to Provide Digital Marketing and Investor Awareness Services

    EDMONTON, Alberta, April 29, 2021 (GLOBE NEWSWIRE) -- Visionstate Corp. (TSX.V: VIS) (“Visionstate” or ‘the Company”) is pleased to announce that it has engaged Stockhouse Publishing Ltd. (“Stockhouse”), which owns a streaming platform with one of the largest communities of retail investors in North America, to provide investor awareness and digital media communication services to the Company. Stockhouse records on average over 1 million unique investors per month, with over 400,000 registered members. John Putters, President and CEO of Visionstate, says: “We are delighted to have retained Stockhouse to help us reach a wider audience. Visionstate’s story has never been more relevant than now. We have always said that our mission as a Company is to make the world a better place and we do so by developing and incorporating unique Internet of Things (IoT) solutions that are used globally and in a wide range of industry verticals, all revolving around the ideas of sustainability and improvement of operational efficiencies. We are not just in a revenue mode, we are reporting profits and are ready to scale up – it’s time for Visionstate to become top of the mind of the investment community, and this is one of our priorities for 2021 alongside further business development and expansion of our IoT capabilities.” Effective immediately, the terms of the agreement include 12 months of services and can be extended thereafter if Visionstate deems it appropriate. The agreement will allow Company press releases, editorial pieces and other marketing materials prepared by Stockhouse and/or the Company to be accessible through the Stockhouse portal. About Visionstate Corp. Visionstate Corp. (TSX-V: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences. Issued on behalf of the Board of Directors,“John A. Putters” Visionstate Corp. To learn more, please contact:Visionstate Corp.CHF Capital MarketsWebsite: www.visionstate.comJohn Putters, CEOPerry RapagnaTwitter: @visionstate(780) 425-9460(416) 868-1079 x 230Facebook: @visionstatejputters@visionstate.comperry@chfir.comLinkedIn:@VisionstateCorp. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

  • Visionstate Signs Letter of Intent to Acquire Exceed Solar, a Renewable Energy Company
    GlobeNewswire

    Visionstate Signs Letter of Intent to Acquire Exceed Solar, a Renewable Energy Company

    EDMONTON, Alberta, April 23, 2021 (GLOBE NEWSWIRE) -- Visionstate Corp. (TSX-V: VIS) (“Visionstate” or ‘the Company”) is pleased to announce that on April 15, 2021, it has signed a Letter of Intent to acquire the outstanding shares of Exceed Solar, an Alberta-based renewable energy company focused on smart, high-tech building envelopes for residential applications. The strategic acquisition is in line with Visionstate’s mission of advancing sustainability and represents a business opportunity for both companies as they explore synergies between their technologies. Visionstate Corp. will acquire the outstanding shares of Exceed Solar for $100,000 cash and $200,000 in Visionstate Corp. shares at $0.10 for a total consideration of $300,000. Visionstate currently owns 40% of Exceed Solar through a convertible debenture of $200,000 signed between the companies in April 2018. The acquisition of Exceed Solar, valued at a total of $500,000, was approved by shareholders of Visionstate Corp. at the Company’s Annual General Meeting in October 2020. Exceed Solar’s focus is on residential applications such as studios, greenhouses and garden suites that come packaged with plug-and-play solar energy. The company is currently executing on a high-tech, solar-powered greenhouse in partnership with the University of Alberta Engineering and Energy Management and Sustainable Operations departments. Research is focused on efficient energy use and cutting-edge growing applications in permaculture. “Since the COVID-19 outbreak, more and more homeowners are turning toward backyard gardening to supplement their food supplies,” explained Visionstate CEO John Putters. “Food costs have risen dramatically over the past 18 months and will continue to do so as a result of climate change factors and the need for food security. Renewable energy applications will continue to grow in demand as we move toward using green energy to power our economies. We are very excited about the future of Exceed Solar.” Exceed Solar’s corporate objective is to design building envelopes using sustainable materials, technology, and renewable energy in one scalable package. By using environmentally friendly structural insulated panels, the building envelopes can be easily scaled according to the project. “Exceed Solar has learned from the evolution of computer development. Initially the PC was complex and required configuration and different components to work effectively. Today, consumers can purchase a complete package that only requires power,” added Putters. Visionstate will be working with the Exceed Solar team and the University of Alberta to identify areas where IoT, or Internet of Things, technology can be incorporated to measure energy use and environmental conditions related to the growing cycle. The acquisition of Exceed Solar is subject to the TSX Venture Exchange approval and a final approval from Visionstate Corp. Board of Directors. About Visionstate Corp. Visionstate Corp. (TSX-V: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences. Issued on behalf of the Board of Directors,“John A. Putters” Visionstate Corp. To learn more, please contact:Visionstate Corp.CHF Capital MarketsWebsite: www.visionstate.comJohn Putters, CEOPerry RapagnaTwitter: @visionstate(780) 425-9460(416) 868-1079 x 230Facebook: @visionstatejputters@visionstate.comperry@chfir.comLinkedIn:@VisionstateCorp. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.