Briefly: Tokens.com says it has no exposure to FTX, Alameda

bitcoin
Photo by André François McKenzie on Unsplash.

Listed firm Tokens.com announced that it does not have any exposure to FTX, its affiliate Alameda Research, or its corresponding FTT token. Tokens.com invests in web3 assets and builds businesses linked to crypto staking, the metaverse and play-to-earn gaming. Its cash balances are held in both US dollars and Canadian Dollars with a nationally chartered banking institution in Canada.

Staking operations occur within Tokens.com. Metaverse operations occur within a subsidiary called Metaverse Group. Crypto gaming operations occur within a subsidiary called Hulk Labs. All three businesses are tied together by the utilization of blockchain technology and are linked to high-growth macro trends within web3. Through the sharing of resources and infrastructure across these business segments, Tokens.com is able to efficiently incubate these businesses from inception to revenue generation. – BusinessNewsCanada.com

 

Canada Lotto Max Result today May 20, 2022

Lotto Max

Canada Lotto Max Result today, May 20, 2022, based on the official draw by Ontario’s lottery administrator. Today’s jackpot prize is $60 million. Check winning combinations here.

Lotto Max draws are twice a week, on Tuesdays and Fridays. Playing is also fund and easy. Players get three sets of numbers per $5 play. Each set consists of seven numbers from 1 to 50.




Canada Lotto Max Result for May 20, 2022

[ 05 – 06 – 20 – 29 – 42 – 44 – 47 + 14 ]




Jackpots start at $10 million and can grow to $70 million! Draws are held every Tuesday and Friday, with LOTTO MAX tickets sold until 10:30 p.m. (Eastern Time) on draw nights.

To make things even more fun, all three sets of numbers are also eligible for the LOTTO MAX Main Draw and MAXMILLIONS Draw(s), when held.

You can use Quick Pick to have your numbers randomly chosen for you or a Selection Slip to choose your own numbers. PLUS, you can play up to 52 draws in a row with Advance Play.

BusinessNewsCanada.com does not guarantee an error-free publication of Lotto Max results. We based our posting from the official draw.We are not liable for any error that is beyon d our control. If you spot a mistake in the numbers posted, please let us know immediately or refer to the official OLG website for verification.

Canada Lotto Max Result today May17, 2022

Lotto Max

Canada Lotto Max Result today, May 17, 2022, based on the official draw by Ontario’s lottery administrator. Today’s jackpot prize is $50 million. Check winning combinations here.

Lotto Max draws are twice a week, on Tuesdays and Fridays. Playing is also fund and easy. Players get three sets of numbers per $5 play. Each set consists of seven numbers from 1 to 50.




Canada Lotto Max Result for May 17, 2022

[ – – – – – – + – ]




Jackpots start at $10 million and can grow to $70 million! Draws are held every Tuesday and Friday, with LOTTO MAX tickets sold until 10:30 p.m. (Eastern Time) on draw nights.

To make things even more fun, all three sets of numbers are also eligible for the LOTTO MAX Main Draw and MAXMILLIONS Draw(s), when held.

You can use Quick Pick to have your numbers randomly chosen for you or a Selection Slip to choose your own numbers. PLUS, you can play up to 52 draws in a row with Advance Play.

BusinessNewsCanada.com does not guarantee an error-free publication of Lotto Max results. We based our posting from the official draw.We are not liable for any error that is beyon d our control. If you spot a mistake in the numbers posted, please let us know immediately or refer to the official OLG website for verification.

Montreal Worldwide Beer Festival to feature beer, music, and discoveries

Montreal World Beer Festival

Mondial de la biere, Montreal Worldwide Beer Festival, is taking place from May 19 to 22, 2022 and will feature beer, music, and discoveries, according to event organizers.

The event, considered as America’s most important international beer festival, will take place at Windsor Station and Rio Tinto Yard, a magnificent historical building in downtown Montreal.

The event is also considered an ideal gathering to discover unique beers and interact with friends. It will satisfy the curious minds but also any beer lover, both newcomer and epicurean, up to the finest connoisseur, according to the announcement.




There will be 400 products to enjoy, including 75 breweries and other beer products during the four-day festival.

Admission is free. Other charges include the following: $1 + taxes per virtual tasting coupon; $10 or $20 + taxes per tasting glass; 2 to 8 coupons per tasting – for the majority of beers; each tasting is 2 or 4 ounces.

BRASSERIES / BREWERIES Exhibitors include the following:

  • MICROBRASSERIE 4 ORIGINES
  • ARCHIBALD MICROBRASSERIE
  • BAZAAR MICROBRASSERIE / LA BÊTE LUMINEUSE
  • BEEMER MICROBRASSERIE & DISTILLERIE
  • BELLWOODS MICROBRASSERIE – IMPORTATION PIVOT
  • BENELUX
  • BG – BRASSERIE URBAINE
  • BIG TREE BREWING CO. – PAVILLON VERMONT
  • BISTRO-BRASSERIE LES SOEURS GRISES
  • BORG BRUGGHÚS – AGENCE VITRIOL
  • BRASSERIE ALPHA
  • BRASSERIE ARTISANALE L’AMÈRE À BOIRE
  • BRASSERIE BEAU’S
  • BRASSERIE BÊTA
  • BRASSERIE ARTISANALE GALLICUS
  • BRASSERIE LES 2 FRÈRES
  • BRASSERIES KRONENBOURG
  • BRASSERIE LOUKS
  • BRASSERIE MCAUSLAN
  • BRASSERIE 11 COMTÉS
  • BRASSEUR DE MONTRÉAL
  • BRASSEURS DU MOULIN
  • BRASSEURS DU MONDE
  • BRASSEURS RJ
  • BRASSERIE TILQUIN – AGENCE VITRIOL
  • BROUWERIJ 3 FONTEINEN – IMPORTATION PIVOT
  • BROUWERIJ HUYGHE – McCLELLAND PREMIUM IMPORTS
  • BROUWERIJ VERHAEGHE VICHTE – McCLELLAND PREMIUM IMPORTS
  • BURDOCK BREWERY – IMPORTATION PIVOT
  • CARLOW – McCLELLAND PREMIUM IMPORTS
  • CHIMAY – McCLELLAND PREMIUM IMPORTS



  • DIEU DU CIEL!
  • DIRT CHURCH BREWING CO. – PAVILLON VERMONT
  • DOMAINE BERTHIAUME
  • DOUBLE HILL CIDERY – IMPORTATION PIVOT
  • DROP IN BREWING CO. – PAVILLON VERMONT
  • EMPORIUM MICROBRASSERIE
  • ERDINGER BRAUEREI – McCLELLAND PREMIUM IMPORTS
  • FOAM BREWERS – PAVILLON VERMONT
  • GÆÐINGUR BRUGGHÚS – AGENCE VITRIOL
  • CHELSEA & CO. / GAINSBOURG
  • GREEN EMPIRE BREWING CO. – PAVILLON VERMONT
  • HELM MICROBRASSERIE
  • HOUSE OF FERMENTOLOGY – PAVILLON VERMONT
  • LAGABIÈRE
  • LAWSON’S FINEST LIQUIDS – PAVILLON VERMONT
  • MICROBRASSERIE LA SOUCHE
  • BILBOQUET MICROBRASSERIE
  • LE SAINT-BOCK
  • LES 3 BRASSEURS
  • LES SANS-TAVERNE
  • LES TROIS MOUSQUETAIRES
  • LINDEMANDS – McCLELLAND PREMIUM IMPORTS
  • LUCY AND HOWE BREWING CO. – PAVILLON VERMONT
  • MALBYGG BRUGGHÚS – AGENCE VITRIOL
  • À LA FÛT
  • MICROBRASSERIE LE NAUFRAGEUR
  • MICROBRASSERIE RIVERBEND
  • SHAWBRIDGE MICROBRASSERIE
  • MICROBRASSERIE TROIS-LACS
  • MICROBRASSERIE VOX POPULI
  • NØGNE Ø – IMPORTATION PIVOT
  • Ô QUAI DES BRASSEURS
  • OVERHOP
  • RARE FORM BREWING CO.
  • SAINT-HOUBLON
  • SINGLECUT BEERSMITHS
  • STIEGL – McCLELLAND PREMIUM IMPORTS
  • STONE CORRAL BREWERY – PAVILLON VERMONT
  • TEMPEST BREWING CO. – IMPORTATION PIVOT
  • ZERO GRAVITY CRAFT BREWERY – PAVILLON VERMONT

Neo Financial becomes unicorn after $185m Series C funding

Neo Financial

Neo Financial, a financial technology company, has become the latest Canadian tech unicorn after raising $185 million in Series C funding that valued the company at over $1 billion.

The latest funding round, which brings the company’s total funds raised to date to $299 million, was led by Valar Ventures and participated by new and existing investors, including Tribe Capital, Altos Ventures, Maple VC, Blank Ventures, Gaingels, and Knollwood Investment Advisory.

In addition to the fundraising round, a secondary share sale was also offered, allowing early investors and employees to sell a portion of their shares to new investors, according to an announcement.




Since its inception in 2019, Neo Financial said it has grown to over 1 million customers and reached a ‘unicorn’ valuation in less than 3 years, making it one of the fastest Canadian companies to achieve these milestones.

Driven to challenge the status quo of financial services, Neo’s hypergrowth has been fuelled by its product line that has expanded beyond credit and rewards into everyday spending and savings, as well as Canada’s first fully digital and actively managed investment experience.

With this new funding round, Neo seeks to be the ‘one-stop shop’ for all financial services for Canadians and retailers. Neo will invest in creating new and innovative products and features for consumers and businesses, launching its mortgage product later this year, and strengthening its position in Quebec.

With a growing team of over 650 people and 7,000+ retailers on its platform, Neo is adding over 100 people across its Winnipeg and Calgary tech campuses this year.




“By working with businesses to embed their offerings into the way that consumers shop, Neo is proving to be a powerful financial partner. We set out to build an iconic brand that would bring businesses and customers together, adding more value and creating products that Canadians love by giving them a new way to manage their money,” said Andrew Chau, co-founder and CEO of Neo Financial.

Mobile commerce platform Snapcommerce named one of Canada’s Best Workplaces

Snapcommerce

Snapcommerce, the mobile commerce platform that maximizes consumer savings and provides access to travel and goods, has been ranked as one of the Best Workplaces™ in Canada by the Great Place to Work® Institute.

This honor is based on extensive employee feedback, the rigor of programs and policies that support employees, and high regard for positive corporate culture.

“We are incredibly proud to be named one of the Best Workplaces in Canada,” said Hussein Fazal, Co-Founder and CEO of Snapcommerce. “This accolade is a testament to our commitment to building an inspiring team, providing meaningful work, and investing in our people and programs for their long-term growth and development.”




Snapcommerce believes in fostering an environment that inspires, propels, and unlocks potential. Snapcommerce was one of the very first technology companies to have become 100% remote-first, while offering employees unlimited vacation days, seven annual recharge days where the company is shut down to promote recovery, and flexible working hours.

Their keen focus has led to countless programs that offer a flexible approach to learning and career progression, including annual learning and development stipends, an intern scholarship fund, and transparent career progression models. Snapcommerce’s proven success as a business and focus on employee growth, has scaled the team from under 50 in 2021 to over 200 full-time employees today.

“Snapcommerce fosters an environment where employees are surrounded by others who inspire, support, and challenge them to succeed every day,” says Natasha Lakhani, VP, People & Talent, of Snapcommerce. “We would like to thank our incredible team who embody our core values, which include, same goal/one team, be an owner, and open and transparent.”




Snapcommerce is the mobile commerce platform that uses AI to connect price-conscious consumers to the best deals online. The company’s flagship product, Snaptravel, unlocks specially negotiated rates, exclusively accessible to travel agents, to every consumer.

The mobile-first platform has saved consumers over $100M and has redefined travel from luxury to commodity. Combined with the power of Snapshop, Snapcommerce has exceeded $1B in sales across their businesses.

Bank of Canada museum to reopen on May 12

Bank of Canada Museum
Tiff Macklem - Governor, Bank of Canada

The Bank of Canada Museum, formerly known as Canada’s Currency Museum, will reopen on May 12, 2022, after being closed for the past two years due to the COVID-19 pandemic.

The Bank of Canada Museum is located at 30 Bank Street, in Ottawa, Ontario, and is open Thursday to Monday, from 10:00 to 17:00. The Museum and its special exhibitions are always free.




The Museum explains how the Bank sets monetary policy, promotes a sound financial system, issues Canada’s bank notes and acts as fiscal agent for the Government of Canada. It also manages the more than 130,000 artifacts in the National Currency Collection, the world’s most complete collection of Canadian currency and related artifacts.

Offering a free, fun and interactive experience, the Museum provides an entertaining and educational perspective on the role the Bank of Canada plays—and the important part Canadians play—in keeping our economy healthy.

Visitors begin their tour by creating a digital character, or avatar, to represent them in interactive exhibits that demonstrate how their spending and saving habits ultimately contribute to the Canadian economy. Other highlights include a video game that simulates flying a rocket ship through a galaxy of inflationary and deflationary forces and an interactive game that helps visitors design a personalized bank note.




Visitors can also discover Canada’s monetary heritage, as interpreted through a selection of 1,400 artifacts from the National Currency Collection. Examples of international currency and trade items from throughout human history are on display as is every bank note series issued by the Bank of Canada since 1935.

In addition to the permanent gallery, visitors can tour the Museum’s temporary exhibition, Luck and Lore. This exhibition explores the spiritual, ceremonial and superstitious uses we have for money—and the surprising roots of some very familiar traditions.

BioMark Diagnostics raises $1.5m to accelerate commercialisation of liquid biopsy technology

BioMark
Photo from BioMark's website.

BioMark Diagnostics Inc, an advanced stage liquid biopsy company, announced that it has raised $1.5 million in its latest funding round to accelerate the commercialisation of its liquid biopsy technology.

In a disclosure to the CSE, BioMark said the financing round included a non-brokered private placement for gross proceeds of $1,265,500, wherein BioMark issued 5,062,000 units at a price of $ 0.25 per unit.

The securities issued under the private placement will be subject to a hold period of four months and one day. Each unit consists of one common share of BioMark and one-full purchase warrant.




One whole share purchase warrant will entitle the holder thereof to purchase one common share of BioMark at $0.45 per share for a period of two years from the closing date of the private placement, subject to an acceleration clause.

A debt conversion consisting of 1,040,000 units in settlement of the indebtedness in aggregate amount of $260,000 to pay for Due to the Related Party. No Finders’ fees were payable on the private placement.

In conjunction with the private round of financing, the company was also successful in securing a non-dilutive line of credit up to $235,000 through its wholly owned subsidiary BioMark Diagnostic Solutions Inc. in Quebec City, which brings a total of $1,500,500 in working capital.

The fresh funds will be used by the company to prepare the lab accreditation, perform validation and verification study, engage into a large-scale lung cancer screening program in Quebec and perform business development activities in the US.




BioMark is developing proprietary, non-invasive, and accurate liquid biopsy-based cancer diagnostic solutions which can help detect, monitor, and assess treatment for cancer early and cost-effectively.

The technology can also be used for measuring response to treatment and potentially for serial monitoring of cancer survivors.

“This is very encouraging to know that this group of strategic investors have deep conviction on BioMark’s cancer diagnostic platform and its ability to commercialize its dynamic early lung cancer test within the next 12-18 months,” says Rashid Bux CEO and President of BioMark.

Staminier acquires stake in metaverse MMO game creator NARC

Staminier NARC
Photo by Sean Do on Unsplash

Staminier Limited, a portfolio company of GreenBank Capital, has agreed to acquire up to 21% of NARC Limited, the developer of “Beyond Ever After”, a next-generation massive multiplayer online (MMO) game designed for the metaverse.

Under the deal, Staminier, through its subsidiary Substantia, has agreed to invest an initial £525,000 at 75 Euros per NARC share for an initial 2.6% stake of NARC’s fully diluted share capital.




Staminier reported to GreenBank that at the time of this news release, £375,000 of these funds have already been paid to NARC, with a remaining £150,000 still to come in the initial investment.

Staminier also has an option to invest a further £4,941,779 at valuations up to 120 Euros per NARC share. Were Staminier to independently choose to fund both the Initial Investment and the Secondary investment, Substantia would own 21% of the fully diluted capital of NARC.

NARC was founded by one of the key architects of Eve Online, the MMO which sold for $425 million in September 2018. Beyond Ever After has been under development for several years as an innovative next-generation MMO game.

The game involves customizable character types utilizing real money trading in what amounts to a “mixed reality” model, where real money can be earned and spent in-game. The game is in production phase and is being designed to run on several devices and operating systems to facilitate maximum adoption and ease of use.




The current model calls for Beyond Ever After to be free to play and perpetual in nature, with new in-game content to be added seamlessly and periodically in real time. The game expects to generate revenue principally from transactions that its users elect to make within the game.

GreenBank is listed on the Canadian Securities Exchange, the Frankfurt Boerse and on the OTC Markets in the USA. It invests in undervalued exponential growth companies focused on building consistent capital appreciation for its shareholders.

Cannabis firm Planet 13 expands TRENDI brand to California

TRENDI by Planet 13

Multi-state cannabis firm Planet 13 Holdings announced that it has expanded its popular TRENDI brand to California, starting with premium small batch flower strains.

TRENDI will be exclusive to Planet 13 Orange County to start.

“We are excited to begin bringing our portfolio of award-winning brands to California starting with TRENDI. Now that we are fully vertically integrated in California, we have the ability to introduce all of our brands to increase margins at our retail location and to enter into the wholesale market,” said Bob Groesbeck, Co-CEO of Planet 13.




“We are diligently executing our strategy in California, Nevada, and Florida to grow revenue, profitability and brand equity,” he added.

Founded in 2018, TRENDI is the industry standard for class, elegance, and quality cannabis. It specializes in expertly sourcing the most popular strains from highly sought-after cultivators in the state, offering consumers top-shelf flower collections available in limited small batch runs.




Available in Nevada and coming soon to California, TRENDI offers an assortment of premium products ranging from flower to live resin badders and sauce, cured shatter, RSO, live resin cartridges, disposable vapes, and superblunts. Don’t follow the Trend. Be the Trend.