OSLO: AM Best has revised the outlook for Protector Forsikring’s Long-Term Issuer Credit Rating (Long Term ICR) of BBB+ from stable to negative. The negative outlook on the Long-Term ICR reflects according to AM Best the deteriorating trend in risk-adjusted capitalisation seen over recent years and the potential for further decline in 2020 due to…
CanaFarma Hemp Products Corp. commences trading on the Frankfurt Stock Exchange
TORONTO: CanaFarma Hemp Products Corp. (formerly KYC Technology Inc.) has commenced trading on the Deutsche Börse (Frankfurt Stock Exchange) in Frankfurt, Germany. The Deutsche Börse is the 9th largest stock market in the world, with a market capitalization of $2,339 billion. Last year, it facilitated 1.947 million contracts (as reported in the 2019 Deutsche Börse…
Choom receives retail cannabis licensing for its Olympic Village location in British Columbia
VANCOUVER: Choom, an elevated cannabis company, who has one of the largest national retail networks in Canada, has received the Approved In Principle (AIP) retail cannabis licensing for its Olympic Village location in Vancouver, BC. Corey Gillon, CEO states, “Choom is extremely proud to have secured an AIP retail cannabis license through the BC Liquor…
12 Exploration Inc. agrees to acquire 79North Ltd
TORONTO: 12 Exploration Inc. has signed a binding letter agreement with 79North Ltd. to acquire all of the issued and outstanding shares of 79North. The Letter Agreement was negotiated at arm’s length and is effective as of April 29, 2020. 12 Exploration Inc. operates as a mineral exploration company. The Company focuses on the acquisition,…
Axxis Geo Solutions completes OBN survey in the Middle East
LYSAKER: Axxis Geo Solutions ASA has announced the completion of both the primary and extended portions of its ocean-bottom nodes (OBN) project in the Middle East. The project was completed with strict adherence to COVID-19 safety guidelines and the crew is now demobilizing to the North Sea for previously announced work in late Q2. Since…
NetCents opens up Asian market with new advisor
VANCOUVER: NetCents Technology Inc., a disruptive crypto currency payments technologies company, has announced the addition of Wang Qin to its Advisory Board. Mr. Wang has 30-years of venture capital and private equity investment, executive management, and consulting experience in the broader information and technology industry as well as resource, energy, and cleantech industries, in China,…
Glenmark gets regulator’s approval to try Favipiravir on COVID-19 patients in India
MUMBAI: Glenmark Pharmaceuticals, a research-led pharmaceutical company, announced that it has received approval from the DCGI (Drug Controller General of India), the regulator in India to conduct clinical trials on Favipiravir Antiviral tablets on COVID-19 patients. The product is a generic version of Avigan of Fujifilm Toyama Chemical Co. Ltd., Japan, a subsidiary of Fujifilm…
TEHO EuROPE acquires warehouse in Netherlands for Euro 1.25mn
SINGAPORE: TEHO International Inc Ltd’s wholly-owned subsidiary TEHO EuROPE B.V. has entered into a purchase agreement to acquire a property located at Nikkelstraat 21 in Ridderkerk, the Netherlands from Indumat Vastgoed B.V. at a purchase consideration of EUR 1.25 million. The vendor, Indumat Vastgoed B.V., is a property developer and investment company incorporated in the…
Urban Logistics REIT acquires Crown Portfolio for £47.2 million
LONDON: Urban Logistics REIT has acquired seven properties (Crown Portfolio) for a total consideration of £47.2 million. The Crown Portfolio comprises seven properties which are being acquired for a consideration of £47.2 million, equivalent to a 7.0% NIY. The acquisition took place off market through the purchase of a Jersey unit trust from funds controlled…
Ben Loomes appointed new CEO John Laing Group
LONDON: John Laing Group plc announced the appointment of Ben Loomes as Chief Executive Officer (CEO) with effect from 8 May 2020. Following the announcement of his departure on 23 January 2020, Olivier Brousse will step down as CEO of the Company on 7 May 2020. Ben has c.20 years of experience in the infrastructure…
PCI Pal launches Rapid Remote
LONDON: PCI-PAL plc, the global provider of secure payment solutions, has announced the launch of a rapid deployment version of its payment services. PCI Pal Rapid Remote was developed specifically to solve the business continuity challenges many organisations now face due to the COVID-19 pandemic. Rapid Remote delivers secure and compliant payment services from PCI-PAL’s…
Rostelecom adds e-signature solution SIGN.ME to its digital ecosystem
MOSCOW: Rostelecom PJSC has acquired an interest in SIGN.ME, an e-signature platform developer, and will start to roll out the mobile e-signature service across its client base. The new solution fits organically into the company’s digital ecosystem of services, just as the global shift to remote working has accelerated due to the Covid-19 pandemic. SIGN.ME…