VANCOUVER: Rubicon Organics Inc. has signed a product supply agreement with canacur GmbH, a medical cannabis distributor incorporated in Nuremburg, Germany. Pursuant to the Agreement, Canacur shall purchase dried cannabis from Rubicon Organics for an initial term of three years, with two optional two-year extensions available. The Company expects first exports in the first half…
BevCanna completes acquisition of Exceler Holdings
VANCOUVER: BevCanna Enterprises Inc. has acquired Exceler Holdings Ltd., an arm’s length private British Columbia corporation. On closing, the Company issued 2.0 million shares in the capital of the Company to the shareholder of Exceler. No finder’s fee was paid in connection with the acquisition. The acquisition is an arm’s length transaction. None of the…
UnionPay, Keenu, Bank AL Habib jointly launch contactless payment acceptance in Pakistan
SINGAPORE: UnionPay International, Wemsol Private Limited and Bank AL Habib jointly launched UnionPay QuickPass (NFC/Contactless and HCE) acceptance on Keenu POS terminals, where consumers can make safe and quick payments by tapping their UnionPay cards at KEENU POS terminals at more than 7,000 merchant locations in Pakistan. This is the first time any payment scheme,…
Swiss-based Archroma to produce PPE in Pakistan
KARACHI: Archroma has joined hands with Liberty Textile Mill Limited to produce high quality personal protective equipment (PPE). Liberty will be benefitting from Archroma’s specialty solutions for hygiene protection, and well-established technical expertise in the area of medical textiles. Amidst the Covid-19 pandemic, the PPEs manufactured by Liberty are aimed at easing the current shortage…
AF Gruppen building more student housing from solid wood
OSLO: AF Gruppen has entered into an agreement with the Student Welfare Organisation in Østfold to build new student housing from solid wood at Remmen in Halden. The agreement covers 213 student housing properties in a 16-storey building. The building will be situated near Østfold University College, Campus Halden. The project will be carried out…
NEXT Biometrics receives order for government program in India
OSLO: NEXT Biometrics, a global company in fingerprint sensor technology, has received an order for fingerprint biometric readers in India. The customer has provided 60% upfront payment and the initial shipment of Next UIDAI and STQC certified fingerprint biometric readers will be delivered during Q2 and remaining volume during Q3 2020. Next products will be…
UAC Energy obtains foreign investment board approval in retender offer for Infigen Energy
SINGAPORE: UAC Energy Holdings, an affiliate of AC Energy Inc., has been notified by the Australian Foreign Investment Review Board (FIRB) that the Commonwealth has no objection to UAC’s proposed acquisition of Infigen Energy. Accordingly, UAC has given notice to Infigen that the condition to UAC’s takeover offer relating to the FIRB approval has been…
MyFiziq to expand technology into cancer care
PERTH: MyFiziq Limited has developed an extension to its scanning technology into body surface area (BSA) calculation, and other serial measurements, to assist with oncology therapy decisions and prevention measures. MyFiziq’s Chief Science Officer, Dr Amar El-Sallam, has been working on a number of new and innovative measurements to be included into the Company’s patented…
ASIC commences proceedings against CFS and Commonwealth Bank
SYDNEY: Commonwealth Bank of Australia (CBA) acknowledges that civil proceedings have been brought by the Australian Securities and Investments Commission (ASIC) against Colonial First State Investments Limited (CFSIL), a wholly owned subsidiary of CBA, and CBA. The claim alleges certain contraventions of conflicted remuneration provisions in the Corporations Act relating to the arrangement between CFSIL…
Integumen signs MTA with Aptamer Group Ltd
LONDON: Integumen Plc has signed a Material Transfer Agreement (MTA) with the Aptamer Group Limited to develop and manufacture aptamers to detect SARS-CoV-2 in wastewater. The aptamers have the potential to play a key role in the real-time identification of localised COVID-19 hotspots in wastewater, from which authorities can be alerted through Integumen’s real-time alert…
Caribbean Investment Holdings signs agreement to acquire Scotiabank’s Belize banking operations
TORTOLA: Caribbean Investment Holdings Limited has reached an agreement for the purchase of Scotiabank (Belize) Ltd. (SBL) from Scotiabank Caribbean Holdings Ltd., for an initial purchase price of up to US$30.5 million. Scotiabank Caribbean Holdings is a subsidiary of The Bank of Nova Scotia (BNS). The acquisition is subject to regulatory approval and customary closing…
EOS appoints Glen Tindall as CEO for Communication Systems Sector
CANBERRA: Electro Optic Systems Holdings Limited (EOS) has appointed Glen Tindall to head its Communication Systems sector in the new role of Chief Executive Officer, Communication Systems. Tindall will assume this role from 1 July 2020. EOS announced the formation of its Communication Systems sector on 1 October 2019, coincident with the acquisition of EM…