Vectrus (VEC) – Operating Environment Remains Healthy; Favorable Risk/Reward

Thursday, July 22, 2021

Vectrus (VEC)
Operating Environment Remains Healthy; Favorable Risk/Reward

Vectrus Inc is a U.S.-based company that provides services to the U.S. government. It operates as one segment and offer facility and logistics services and information technology and network communications services. The information technology and network communications capabilities consist of communications systems operations and maintenance, management and service support, systems installation and activation, system-of-systems engineering and software development, and mission support for the department of defense. The facility and logistics service include airfield management, ammunition management, civil engineering, communications, emergency services, life support activities, public works, security, transportation operations and others.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    New Awards. Last week, Vectrus announced it had received two additional task orders under the AFCAP V $6.4 billion ID/IQ contract. The new firm-fixed price awards are valued at $40 million. These two additional task orders build on the Company’s AFCAP wins that were announced in the first quarter, demonstrating Vectrus’ ability to support the contingency and humanitarian requirements under AFCAP V, in our view.

    Iraq Now Under Vectrus.  It appears operational responsibility for Iraq has finally transferred over to Vectrus under the LOGCAP V award. The worldwide pandemic slowed the transition process down substantially, but with Iraq transferred Vectrus could finally begin to realize more of the LOGCAP V award promise. We view the transition positively …



This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Bombshells from Musk Dorsey and Wood at Bitcoin Conference


Image: B-Word Conference


Elon Musk, Jack Dorsey, and Cathie Wood Drop Bombshells at Bitcoin Conference

 

Prices surged on crypto assets as the B-Word Conference which included Elon Musk, Jack Dorsey, and Cathie Wood together discussing the future, revealed forward-thinker insights on the future of finance. Prices of cryptos surged, even before the conference got underway. They followed through as Musk, Dorsey and Wood from Ark Invest revealed their understanding of crypto’s strengths and the current monetary systems weaknesses.

The B-Word Conference was not all about the live interaction between the three “A-Team” presenters, but it was their’s that caused the Etherium spike, added interest in Dogecoins future, and other market shaping buzz. With Elon Musk, a co-founder of Paypal (also founder of SpaceX and Tesla), Jack Dorsey the CEO of Square (also Twitter), and Cathie Wood the founder, and CEO of Ark Invest, attendees may have come away with investment ideas on finance, energy, and the internet. Here are highlights thoughts that could shape the world’s financial future:

 

Elon Musk

-Views Bitcoin as an information system for labor allocation, he says it (information) exists in different bank mainframes around the world, but not in a centralized place. In his mind Bitcoin resolves this scattered system.

-Sees positive trend in crypto-mining energy use.

-With diligence will resume Bitcoin payment for Tesla purchases.

-He owns Etherium, Doge, as well as Bitcoin.

-Baseload for 24-hour mining can not be met with wind and solar. Musk believes modern nuclear power plants are safe and endorses them as the measure to resolve gap energy issues.

-Dogecoin community draws him because it is irreverent and has great memes.

-Musk says when it comes to survival, sometimes the simplest answer is the most likely. He said a friend told him the most ironic answer is the most likely. But thought, perhaps the most entertaining is the most likely. If true (according to Elon) the most ironic and entertaining “winner” would the crypto that started as a joke to make fun of crypto currency.

 

Cathie Wood

-Mentored under Art Laffer and collaborated on a paper with him in 2014 on a rules-based monetary system. Laffer at first was unsure of Bitcoin, then understood the disruptive economics implied, and identified the misunderstanding of cryptos in general.

-Bitcoin is a better means of exchange. Store of account value is primary use, especially stablecoins.

-Apps built to support Bitcoin have value.

-Leading crypto could be as large as U.S. Monetary base, or $8 trillion. Purchasing power will grow over time with acceptance.

-Good hedge against confiscation of wealth which can take place in a myriad of ways.

-Hedge against purchasing power destructivity of inflation.

-Broadbased utility for economic system that will increase proliferation of renewables.

-Economically empowers 4.3 billion people living under hostile regimes. Bitcoin’s “noble and social good” extends beyond the typical ESG mindset.

-Finds Bitcoin developers understand their place in history. They are inspired by a noble mission and sense of purpose to be impactful in monetary history.

 

Jack Dorsey

-Worldwide remittance system solved because you don’t have to go through intermediaries.

-Powerful, secure, and strong because you don’t have to rely on the state.

-Bitcoin is resilient enough to overcome obstacles, governmental, acceptance, technical challenges.

-Bank ACH system is archaic.

-Attracted to Bitcoin because of irreverence, believes it will become more accessible and endure.

-Called Bitcoin the “native currency” for the internet.

 

Take-Away

The B-Word Conference which was
detailed yesterday morning on Channelchek had many more than these three Bitcoin experts sharing their thoughts. The topics ranged from the most basic to some very intense or technical subjects. The three “thought leaders” Musk, Dorsey, and Wood, are important as two of the three are helping to shape the future, while Wood represents investor buy-in and funding.

 

Suggested Reading:



Is the Bitcoin FOMO Trade Unwinding



Can Wall Street Giants Put Crypto on the Menu?





Decentralized Finance, is it the Future?



Who Gets to Participate in Private Offerings?

 

Source:

https://www.thebword.org/c/track-2-Bitcoin-As-A-Tool-For-Economic-Empowerment

 

Stay up to date. Follow us:

 

Release – Comtech Names Judy Chambers to Board of Directors


Comtech Names Judy Chambers to Board of Directors

 

New Director Adds Extensive Financial Expertise and Further Diversifies the Board

Three Longstanding Directors to Retire as Part of Ongoing Board Refreshment

MELVILLE, N.Y.–(BUSINESS WIRE)–Jul. 22, 2021–

July 22, 2021 Comtech Telecommunications Corp. (NASDAQ: CMTL), a global leading provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today that Judy Chambers, Managing Principal of Meketa Investment Group, has been appointed to Comtech’s Board of Directors, effective at the start of Comtech’s fiscal year 2022 which begins August 1, 2021. She will serve as Chair of the Board’s Nominating and Governance Committee, which oversees the Company’s corporate governance practices and processes, including its inclusiveness and diversity efforts.

Fred Kornberg, Comtech’s Chairman and CEO, said, “We are delighted to welcome Judy to the Board. She brings 30 years of business and leadership experience and deep financial knowledge from a career in corporate finance and investment advisory, and we look forward to benefitting from her outstanding capabilities and valuable perspective as well as her experience fostering equality, inclusion and diversity. She will make a significant contribution to our Board as we create and deliver sustained value for our shareholders and all our stakeholders.”

Judy Chambers is a Managing Principal, and member of the Board of Directors of 
Meketa Investment Group, an investment consulting and advisory firm with over 
$1.5 trillion of assets under advisement. She serves on the 
Board of Trustees of the 
Community Service Society of New York, a nonprofit focused on alleviating income inequality, is Chair of the 
Advisory Board of the Robert Toigo Foundation, which promotes stronger stakeholder returns in the financial industry through inclusion and diversity. Judy also serves on the 
Advisory Board of the Jazz Foundation of America. Judy holds a B.A. from 
Duke University and an M.B.A. from the 
Kellogg School of Management at 
Northwestern University.

Separately, 
Comtech announced the retirements of directors  Edwin KantorIra Kaplan and Robert Paul from the Comtech Board following the Company’s fiscal 2021 annual meeting, which is anticipated to occur in 
December 2021. Upon conclusion of the annual meeting, existing Board member and Chairman of the Audit Committee,  Lawrence Waldman, will become Lead Independent Director and the size of Comtech’s Board will be reduced to five members, four of whom will be independent.

Mr. Kornberg added, “On behalf of the Board, I want to express my profound thanks to Ed, Ira and Bob for their years of invaluable service and contributions to 
Comtech and our shareholders. Across 
Comtech, we take seriously our responsibilities as an essential provider for the safety and security of communities and advancing economic opportunity for everyone. To this end, the Board is committed to maintaining the right mix and balance of skills, experience, diversity and viewpoints through ongoing Board refreshment. Following the appointments of four independent directors in the past several years, our longstanding directors are able to retire with the utmost confidence in the continued stewardship of our company.”

About Comtech

Comtech Telecommunications Corp. is a leading provider of next-generation 911 emergency systems and critical wireless communication technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions to customers in more than 100 countries. For more information, please visit www.comtechtel.com.

Forward-Looking Statements

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in 
Securities and Exchange Commission filings.

PCMTL

Media Contact
Kekst CNC
Kimberly.Kriger@kekstcnc.com / Nick.Capuano@kekstcnc.com
(212) 521-4800

Investor Contact
Michael Porcelain
(631) 962-7005
Investors@comtech.com

Source: 
Comtech Telecommunications Corp.

Release – CanAlaska Mobilizes for West Athabasca Diamond Project


CanAlaska Appoints New Vice President Exploration

 

Kimberlite Indicator Mineral Sampling to Target Basal Tills

Sampling Down-Ice of More Than 300 Circular Magnetic Anomalies

Vancouver, British Columbia–(Newsfile Corp. – July 22, 2021) – CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) (“CanAlaska” or the “Company”) is pleased to announce it has mobilized a crew to begin kimberlite indicator mineral (KIM) sampling down-ice of its West Athabasca Diamond Project areas. The Company holds 51,654 hectares (129,135 acres) of claims encompassing over 300 circular magnetic anomalies in the Athabasca Basin of Saskatchewan. The project is located north and northeast of the past-producing Cluff Lake Uranium Mine (Figure 1).

Figure 1

The objective of this sampling program is to complement the 2018 DeBeers’ till sampling program, which was tightly restricted to eskers inside the claim boundaries. These eskers are relatively short, sinuous and sharp-crested features that sit on top of glacial outwash deposits. As a result, the sampled eskers unlikely eroded the local bedrock or basal tills, and therefore may not have sampled the potential kimberlite material possibly associated with these circular anomalies. This new KIM till sampling program will focus in close proximity to Athabasca Group outcrop locations in order to find and acquire basal till samples that contain material possibly associated with these magnetic anomalies.

In 2011, a high-quality regional magnetic and radiometric airborne survey was completed over the Athabasca Basin which resulted in identification of small, round magnetic anomalies that resemble the size and character of anomalies generally associated with kimberlite pipes elsewhere. Based on this observation, the West Athabasca claims were staked in 2015 and later optioned to DeBeers in 2016. DeBeers conducted a high-resolution low-amplitude aeromagnetic survey that defined 695 discrete singular and cluster anomalies like those shown in Figure 2 for the William River Block. Seven of the anomalies were identified as accessible for summer drilling and nine holes were completed in the fall of 2016. DeBeers drill tested the margins of seven magnetic anomalies out of the more than 300 that had been defined as priority. No kimberlite was intersected but three of the holes identified a thin magnetic mud of possible biogenic origin at the base of the till near the bedrock top. Only summer accessible targets were drill tested since a vast majority of the magnetic anomalies exist under lakes or muskeg.


Figure 2

In support of kimberlite emplacement potential, the singular and cluster anomalies follow a general southwest-northeast orientation in proximity to a known deep-crustal domain-boundary structure known as the Grease River Shear Zone (“GRSZ”) (Figure 1). The association of the cluster orientations in relation to this structure provides an interesting emplacement and target scenario. On a more regional scale, this area of the Athabasca Basin is underlain by the Rae Province, a thick Archean crust.

CanAlaska CEO, Cory Belyk, comments, “The team has done an excellent job of re-evaluating the potential of our West Athabasca Diamond Project. The more than 300 discrete circular magnetic anomalies of the size and character of kimberlite pipes suggest these anomalies need to be considered further. Locating KIMs in basal tills that may better represent bedrock sources located up-ice would be an encouraging outcome from this program and significantly upgrade diamond discovery potential in this region.”

About CanAlaska Uranium

CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) holds interests in approximately 214,000 hectares (530,000 acres), in Canada’s Athabasca Basin – the “Saudi Arabia of Uranium.” CanAlaska’s strategic holdings have attracted major international mining companies. CanAlaska is currently working with Cameco and Denison at two of the Company’s properties in the Eastern Athabasca Basin. CanAlaska is a project generator positioned for discovery success in the world’s richest uranium district. The Company also holds properties prospective for nickel, copper, gold and diamonds. For further information visit www.canalaska.com.

The qualified technical person for this news release is Dr. Karl Schimann, P.Geo., CanAlaska director and Senior Exploration Consultant.

On behalf of the Board of Directors
“Peter Dasler”
Peter Dasler, M.Sc., P.Geo.
President
CanAlaska Uranium Ltd.

Contacts:

Cory Belyk, Executive VP and CEO
Tel: +1.604.688.3211 x 306
Email: cbelyk@canalaska.com

Peter Dasler, President
Tel: +1.604.688.3211 x 138
Email: info@canalaska.com

Neither 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 information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

Avivagen Announces Strategic Changes to Support Growth in Asia and South America


Avivagen Announces Strategic Changes to Support Growth in Asia and South America

 

  • Addition of Mr. Lesley Nernberg brings technical sales and marketing expertise to Asia expansion efforts
  • Termination of distribution agreement with São Paulo-based Look Chemicals creates opportunity for accelerated adoption of OxC-betaTM Livestock in Brazil

Ottawa, ON /Business Wire/ July 22, 2021/ Avivagen Inc. (TSXV:VIV, OTCQB:VIVXF) (“Avivagen”), a life sciences corporation focused on developing and commercializing products for livestock, companion animal and human applications that safely enhances feed intake and supports immune function, thereby supporting general health and performance, has announced new strategic measures to support continued growth in Asia and Brazil.

Avivagen has retained the services of Mr. Lesley Nernberg as a technical sales and marketing consultant, focused on accelerating the adoption of OxC-betaTM Livestock in Asia. He has held important technical sales and operation management positions with multiple well-known multinational animal nutrition companies such as ADM, Diamond V and Biomin, with a focus on marketing feed additives and complete feed across Asia. Based in Thailand, Mr. Nernberg holds a graduate degree in animal science and nutrition from the University of Manitoba and has established himself as an expert in the livestock feed additive industry in Asia over the past nine years. In particular, Mr. Nernberg will focus primarily on Vietnam, Indonesia and South Korea.

Avivagen also today announced the termination of its Brazilian OxC-betaTM Livestock distribution agreement with São Paulo-based Look Chemicals Importacao E Exportacao LTDA. Advanced discussions with potential new distribution partners are currently underway in order to support the company’s growth ambitions in the world’s third-largest feed production market.

“We have experienced considerable success in a number of Asian markets to date, and the addition of an accomplished, respected and connected expert like Mr. Nernberg will help us further establish OxC-betaTM as a leading health-promoting option for producers throughout the region,” says Kym Anthony, CEO of Avivagen Inc. “We’re also very excited about the potential for new agreements to support our continued and accelerated growth in Brazil. We thank Look Chemicals for their support during our entry into this important production market.”

About OxC-beta™ Technology and OxC-beta™ Livestock
Avivagen’s OxC-beta™ technology is derived from Avivagen discoveries about ?-carotene and other carotenoids, compounds that give certain fruits and vegetables their bright colours. Through support of immune function, the technology provides a non-antibiotic means of promoting health and growth. OxC-beta™ Livestock is a proprietary product shown to be an effective and economic alternative to the antibiotics commonly added to livestock feeds. The product is currently available for sale in the United States, Philippines, Mexico, Taiwan, New Zealand, Thailand, Brazil, Australia and Malaysia.

Avivagen’s OxC-beta™ Livestock product is safe, effective and could fulfill the global mandate to remove all in-feed antibiotics as growth promoters. Numerous international livestock trials with poultry and swine using OxC-beta™ Livestock have proven that the product performs as well as, and, sometimes, in some aspects, better than in-feed antibiotics.

About Avivagen
Avivagen is a life sciences corporation focused on developing and commercializing products for livestock, companion animal and human applications that, by safely supporting immune function, promote general health and performance. It is a public corporation traded on the TSX Venture Exchange under the symbol VIV and is headquartered in Ottawa, Canada, based in partnership facilities of the National Research Council of Canada. For more information, visit www.avivagen.com. The contents of the website are expressly not incorporated by reference in this press release.

Forward Looking Statements
This news release includes certain forward-looking statements that are based upon the current expectations of management. Forward-looking statements involve risks and uncertainties associated with the business of Avivagen Inc. and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions “aim”, “anticipate”, “appear”, “believe”, “consider”, “could”, “estimate”, “expect”, “if”, “intend”, “goal”, “hope”, “likely”, “may”, “plan”, “possibly”, “potentially”, “pursue”, “seem”, “should”, “whether”, “will”, “would” and similar expressions.

Statements set out in this news release relating to discussions with potential new distribution partners in Brazil, new agreements that might arise from such discussions and the possibility for continued and accelerated growth in Brazil as well as the possibility for OxC-beta™ Livestock to replace antibiotics in livestock feeds as growth promoters are forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. For instance, discussions with potential new distribution partners may not result in an agreement, any new agreement with a distribution partner in Brazil may not result in growth for Avivagen in Brazil, Avivagen’s products may not gain market acceptance or regulatory approval in new jurisdictions or for new applications and may not be widely accepted as a replacement for antibiotics as growth promoters in livestock feeds due to many factors, many of which are outside of Avivagen’s control. Readers are referred to the risk factors associated with the business of Avivagen set out in Avivagen’s most recent management’s discussion and analysis of financial condition available at www.SEDAR.com. Except as required by law, Avivagen assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.

Neither 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.

For more information:
Avivagen Inc.
Drew Basek
Director of Investor Relations
100 Sussex Drive, Ottawa, Ontario, Canada K1A 0R6 Phone: 416-540-0733
E-mail: d.basek@avivagen.com

Kym Anthony
Chief Executive Officer
100 Sussex Drive, Ottawa, Ontario, Canada K1A 0R6 Head Office Phone: 613-949-8164
Website: www.avivagen.com
Copyright © 2021 Avivagen Inc. OxC-beta™ is a trademark of Avivagen Inc.

Conrad Shipyard Hosted a Steel Cutting Ceremony for Great Lakes Dredge


Conrad Shipyard hosted a Steel Cutting Ceremony for Great Lakes Dredge

 

Morgan City, LA: Conrad Shipyard hosted a Steel Cutting Ceremony for Great Lakes Dredge & Dock Company (GLDD) at its shipyard in Morgan City, Louisiana. The ceremony signifies the start of construction of two Damen-designed Multi-Cat vessels, the first Multi-Cats to be built in the U.S. Deliveries are scheduled for Q3 and Q4 of 2022.

The two identical vessels measure 98.92’ in length, and are powered by three Caterpillar C32 TTA engines capable of meeting speeds of 10.2 knots. Equipped with large winches and deck cranes, the vessels will have maximum bollard pull of 31.75 short tons.

David Johanson, GLDD’s Senior Vice President of Project and Area Operations for the Gulf of Mexico, said the new vessels eliminate the need for assorted floating support equipment such as derrick barges, towboats and anchor barges. “The Multi-cats also significantly increase operational safety – enabling hose and pipe maintenance works to take place securely on deck reducing the risk of man-overboards compared to standard industry methods utilizing floating pontoons. This will improve our operational efficiency,” he said.

Brett Wolbrink, Conrad Executive Vice President and Chief Operating Officer, discussed the relationship between Conrad and GLDD:

“We are pleased to be constructing multiple vessels for GLDD and we value the continued confidence that GLDD has shown in Conrad and in our talented workforce not only in new construction but also in repair. It is our pleasure to work with your team, and it is our honor to build these unique and versatile vessels for you,” he said.

ABOUT CONRAD SHIPYARD Conrad Shipyard was established in 1948 and is headquartered in Morgan City, Louisiana. The company designs, constructs and overhauls tugboats, ferries, liftboats, barges, offshore supply vessels and other steel and aluminum products for both commercial and government markets. Conrad provides both repair and new construction services atitsfive Gulf Coast shipyards located in southern Louisiana and Texas.

ABOUT GREAT LAKES DREDGE & DOCK Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the United States. In addition, the Company has a long history of performing significant international projects. The Company employs experienced civil, ocean and mechanical engineering staff in its estimating, production and project management functions. Great Lakes owns and operates the largest and most diverse fleet in the U.S. dredging industry, comprised of over 200 specialized vessels. For Additional

Information Contact: Robert Sampey, Vice President, at 985.384.3060 • RASampey@conradindustries.com

Schwazze Closes Acquisition of Southern Colorado Growers


Schwazze Closes Acquisition of Southern Colorado Growers

 

Acquisition Substantially Increases Cultivation Capabilities;

Provides Major Boost to Wholesale Supply of Distillate to Colorado CPG Manufacturers

DENVER, CO – July 22, 2021 – Schwazze, (OTCQX:SHWZ) (“Schwazze” or the “Company”), announced that it has closed the transaction to acquire the assets of Southern Colorado Growers (“SCG”) in Huerfano County, Colorado; previously announced June 1, 2021.  The acquisition includes 34 acres of land with outdoor cultivation capacity, as well as indoor, greenhouse, and hoop house cultivation facilities and equipment.  This purchase continues Schwazze’s expansion in Colorado and, is the company’s first major move into cultivation, which will provide high-end, premium cannabis directly to its Star Buds dispensaries and significant production of biomass for its PurpleBee’s extraction and manufacturing facility. PurpleBee’s is Colorado’s largest supplier of wholesale distillate for the CPG market, providing high quality distillate to leading vaporizer, concentrates and edibles companies.

The consideration for the acquisition is $6.8 million for the business and $4.5 million for the real estate and farm assets.  Total consideration of $11.3 million was paid as $5.9 million of cash and $5.4 million in Schwazze common stock upon closing.

Schwazze has major expansion plans for SCG, which includes the buildout of cultivation capacity over the next four quarters. SCG produces premium flower with approximately 30 strains and has won multiple Connoisseur Cup awards for select strains in 2020 (Best Hybrid Flower – Banger & Mac) and 2021 (Best Rec Hybrid – The Mac). 

“Our team is excited to add SCG, a premier cannabis cultivator, to our growing platform. This acquisition will provide premium quality flower to our 17 Star Buds Colorado locations.  In addition, the SCG garden will significantly increase our capability to produce a substantial amount of biomass for our Purplebee’s distillate manufacturing operation, which will benefit the entire cannabis industry throughout the state. The addition of SCG to our portfolio is expected to provide a positive margin impact for Schwazze,” said Justin Dye, Schwazze’s CEO.  

About Schwazze
Schwazze (OTCQX: SHWZ) is building the premier vertically integrated cannabis company in Colorado and plans to take its operating system to other states where it can develop a differentiated leadership position.  Schwazze is the parent company of a portfolio of leading cannabis businesses and brands spanning seed to sale. The Company is committed to unlocking the full potential of the cannabis plant to improve the human condition.  Schwazze is anchored by a high-performance culture that combines customer-centric thinking and data science to test, measure, and drive decisions and outcomes. The Company’s leadership team has deep expertise in retailing, wholesaling, and building consumer brands at Fortune 500 companies as well as in the cannabis sector.  Schwazze is passionate about making a difference in our communities, promoting diversity and inclusion, and doing our part to incorporate climate-conscious best practices.  Medicine Man Technologies, Inc. was Schwazze’s former operating trade name. The corporate entity continues to be named Medicine Man Technologies, Inc.

Schwazze derives its name from the pruning technique of a cannabis plant to enhance plant structure and promote healthy growth.

Forward-Looking Statements

This press release contains “forward-looking statements.” Such statements may be preceded by the words “plan,” “will,” “may,”, “predicts,” or similar words. Forward-looking statements are not guarantees of future events or performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control and cannot be predicted or quantified. Consequently, actual events and results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) our inability to manufacture our products and product candidates on a commercial scale on our own or in collaboration with third parties; (ii) difficulties in obtaining financing on commercially reasonable terms; (iii) changes in the size and nature of our competition; (iv) loss of one or more key executives or scientists; (v) difficulties in securing regulatory approval to market our products and product candidates; (vi) our ability to successfully execute our growth strategy in Colorado and outside the state, (vii) our ability to consummate the acquisition described in this press release or to identify and consummate future acquisitions that meet our criteria, (viii) our ability to successfully integrate acquired businesses and realize synergies therefrom, ({ix) the ongoing COVID-19 pandemic, (x) the timing and extent of governmental stimulus programs, and (xi) the uncertainty in the application of federal, state and local laws to our business, and any changes in such laws. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise except as required by law.

Investors
Joanne Jobin
Investor Relations
Joanne.jobin@schwazze.com
647 964 0292

Media
Julie Suntrup, Schwazze
Vice President | Marketing & Merchandising
julie.suntrup@schwazze.com
303 371 0387

NFT Collectible Marketplace for DRAFTKINGS



NFT Sports Collectibles Marketplace for Company Co-Founded by Tom Brady

 

NFTs are quickly moving from obscure assets to more widely sought-after, collected, or traded, investments. Part of any asset’s value is scarcity. Each unique NFT has scarcity designed into it. The second is liquidity; this occurs with an active central market. The marketplace for one-of-a-kind digital sports memorabilia is being created – DraftKings is aggressively working to become the central market and creator of desirable NFTs

DraftKings began as an American daily fantasy sports contest and sports betting operator. In April 2020, DraftKings went public through a SPAC merger which allowed an injection of capital and the ability to more readily expand into areas of related businesses.

Details

Yesterday (July 21), in a press release, DraftKings, Inc. (Nasdaq: DKNG) announced: “Company Becomes the Exclusive Seller
of Sports-Related NFTs From Autograph’s Officially Licensed Talent Roster.” 
 As part of the announcement, the company revealed its plans to launch DraftKings Marketplace. The Marketplace will be a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT drops and also allows secondary transactions. After launched, customers will be able to more easily buy, sell and trade digital collectibles across sports, entertainment, and culture using their DraftKings account.  Additionally, as part of a new affiliation, DraftKings Marketplace will become the exclusive distributor of sports-related NFT content from the platform.  Autograph was founded by sports legends Derek Jeter, Tom Brady, Wayne Gretsky, and others. Its business is the official licensing of prominent athletes and celebrities to provide a varied assortment of digital collectibles.

 

 

“The NFT boom has reinvented the collectibles industry and driven excitement to early-adopting audiences worldwide—including the DraftKings community,” said Matt Kalish, DraftKings co-founder and president. “DraftKings Marketplace will sit at the center of this technological and cultural phenomenon, providing our immense existing customer base with an easily accessible experience that rivals all legacy marketplaces. This initial vision in collaboration with Autograph, and its coveted collection of official digital collectibles, is a vital first step as we enter the emergent NFT market. We aim to usher in this new era by introducing millions of collectors to this evolving space while providing beloved content through an intuitive interface built to win over the long term.”

 

When?

The initial drops on DraftKings Marketplace will be the “Pre-Season Access” collection. It will be priced in $USD and showcase NFTs of legendary athletes from Autograph’s talent roster and partners. The Marketplace will also serve as a secondary-sales platform where registered users can buy, sell and trade digital collectibles brought to the online market.

“As the world becomes more comfortable with digital ownership and collection, we see an incredible opportunity to bring users high-quality and personalized content from their favorite athletes, artists, and franchises,” said Dillon Rosenblatt, Founder and CEO, Autograph. “NFTs are the perfect medium to connect users to both the things they love and those who share those interests, and we want to leverage today’s incredible partnerships to provide continued value to our community.”

Autograph’s advisory board which is largely made up of athletes and entertainers will help design custom NFTs exclusively for Autograph then will begin rolling them out later in the summer. While DraftKings Marketplace will be the exclusive purveyor of sports NFTs from Autograph, the collaboration may eventually branch into other verticals like entertainment, lifestyle and culture. Autograph recently teamed up with Lionsgate (NYSE: LGF.A, LGF.B), to be able to derive NFT content from iconic films and television. This could include, The Hunger GamesRambo IV & VDirty DancingBlair WitchMad
Men
John WickThe Divergent SeriesThe
Expendables
The Twilight Saga and other well-recognized titles.

 

Take-Away

It would seem that blockchain technology has gone past the tipping point where there is now a race among companies to be the first and most entrenched in what they hope will become lucrative businesses. As with anything new, there is risk. As with most things rewarding, risk is an expected ingredient.

 

Suggested Reading:



The Art World is Embracing Blockchain Technology



Bombshells From Musk, Dorsey, and Wood and Bitcoin Conference





Making Sense of Non-Fungible Tokens



How Fast are People Cutting the Cable Cord?

 

Sources:

https://autograph.io/ 

DraftKings NFT
Marketplace

Release – Schwazze Closes Acquisition of Southern Colorado Growers


Schwazze Closes Acquisition of Southern Colorado Growers

 

Acquisition Substantially Increases Cultivation Capabilities;

Provides Major Boost to Wholesale Supply of Distillate to Colorado CPG Manufacturers

DENVER, CO – July 22, 2021 – Schwazze, (OTCQX:SHWZ) (“Schwazze” or the “Company”), announced that it has closed the transaction to acquire the assets of Southern Colorado Growers (“SCG”) in Huerfano County, Colorado; previously announced June 1, 2021.  The acquisition includes 34 acres of land with outdoor cultivation capacity, as well as indoor, greenhouse, and hoop house cultivation facilities and equipment.  This purchase continues Schwazze’s expansion in Colorado and, is the company’s first major move into cultivation, which will provide high-end, premium cannabis directly to its Star Buds dispensaries and significant production of biomass for its PurpleBee’s extraction and manufacturing facility. PurpleBee’s is Colorado’s largest supplier of wholesale distillate for the CPG market, providing high quality distillate to leading vaporizer, concentrates and edibles companies.

The consideration for the acquisition is $6.8 million for the business and $4.5 million for the real estate and farm assets.  Total consideration of $11.3 million was paid as $5.9 million of cash and $5.4 million in Schwazze common stock upon closing.

Schwazze has major expansion plans for SCG, which includes the buildout of cultivation capacity over the next four quarters. SCG produces premium flower with approximately 30 strains and has won multiple Connoisseur Cup awards for select strains in 2020 (Best Hybrid Flower – Banger & Mac) and 2021 (Best Rec Hybrid – The Mac). 

“Our team is excited to add SCG, a premier cannabis cultivator, to our growing platform. This acquisition will provide premium quality flower to our 17 Star Buds Colorado locations.  In addition, the SCG garden will significantly increase our capability to produce a substantial amount of biomass for our Purplebee’s distillate manufacturing operation, which will benefit the entire cannabis industry throughout the state. The addition of SCG to our portfolio is expected to provide a positive margin impact for Schwazze,” said Justin Dye, Schwazze’s CEO.  

About Schwazze
Schwazze (OTCQX: SHWZ) is building the premier vertically integrated cannabis company in Colorado and plans to take its operating system to other states where it can develop a differentiated leadership position.  Schwazze is the parent company of a portfolio of leading cannabis businesses and brands spanning seed to sale. The Company is committed to unlocking the full potential of the cannabis plant to improve the human condition.  Schwazze is anchored by a high-performance culture that combines customer-centric thinking and data science to test, measure, and drive decisions and outcomes. The Company’s leadership team has deep expertise in retailing, wholesaling, and building consumer brands at Fortune 500 companies as well as in the cannabis sector.  Schwazze is passionate about making a difference in our communities, promoting diversity and inclusion, and doing our part to incorporate climate-conscious best practices.  Medicine Man Technologies, Inc. was Schwazze’s former operating trade name. The corporate entity continues to be named Medicine Man Technologies, Inc.

Schwazze derives its name from the pruning technique of a cannabis plant to enhance plant structure and promote healthy growth.

Forward-Looking Statements

This press release contains “forward-looking statements.” Such statements may be preceded by the words “plan,” “will,” “may,”, “predicts,” or similar words. Forward-looking statements are not guarantees of future events or performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control and cannot be predicted or quantified. Consequently, actual events and results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) our inability to manufacture our products and product candidates on a commercial scale on our own or in collaboration with third parties; (ii) difficulties in obtaining financing on commercially reasonable terms; (iii) changes in the size and nature of our competition; (iv) loss of one or more key executives or scientists; (v) difficulties in securing regulatory approval to market our products and product candidates; (vi) our ability to successfully execute our growth strategy in Colorado and outside the state, (vii) our ability to consummate the acquisition described in this press release or to identify and consummate future acquisitions that meet our criteria, (viii) our ability to successfully integrate acquired businesses and realize synergies therefrom, ({ix) the ongoing COVID-19 pandemic, (x) the timing and extent of governmental stimulus programs, and (xi) the uncertainty in the application of federal, state and local laws to our business, and any changes in such laws. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise except as required by law.

Investors
Joanne Jobin
Investor Relations
Joanne.jobin@schwazze.com
647 964 0292

Media
Julie Suntrup, Schwazze
Vice President | Marketing & Merchandising
julie.suntrup@schwazze.com
303 371 0387

Release – Avivagen Announces Strategic Changes to Support Growth in Asia and South America


Avivagen Announces Strategic Changes to Support Growth in Asia and South America

 

  • Addition of Mr. Lesley Nernberg brings technical sales and marketing expertise to Asia expansion efforts
  • Termination of distribution agreement with São Paulo-based Look Chemicals creates opportunity for accelerated adoption of OxC-betaTM Livestock in Brazil

Ottawa, ON /Business Wire/ July 22, 2021/ Avivagen Inc. (TSXV:VIV, OTCQB:VIVXF) (“Avivagen”), a life sciences corporation focused on developing and commercializing products for livestock, companion animal and human applications that safely enhances feed intake and supports immune function, thereby supporting general health and performance, has announced new strategic measures to support continued growth in Asia and Brazil.

Avivagen has retained the services of Mr. Lesley Nernberg as a technical sales and marketing consultant, focused on accelerating the adoption of OxC-betaTM Livestock in Asia. He has held important technical sales and operation management positions with multiple well-known multinational animal nutrition companies such as ADM, Diamond V and Biomin, with a focus on marketing feed additives and complete feed across Asia. Based in Thailand, Mr. Nernberg holds a graduate degree in animal science and nutrition from the University of Manitoba and has established himself as an expert in the livestock feed additive industry in Asia over the past nine years. In particular, Mr. Nernberg will focus primarily on Vietnam, Indonesia and South Korea.

Avivagen also today announced the termination of its Brazilian OxC-betaTM Livestock distribution agreement with São Paulo-based Look Chemicals Importacao E Exportacao LTDA. Advanced discussions with potential new distribution partners are currently underway in order to support the company’s growth ambitions in the world’s third-largest feed production market.

“We have experienced considerable success in a number of Asian markets to date, and the addition of an accomplished, respected and connected expert like Mr. Nernberg will help us further establish OxC-betaTM as a leading health-promoting option for producers throughout the region,” says Kym Anthony, CEO of Avivagen Inc. “We’re also very excited about the potential for new agreements to support our continued and accelerated growth in Brazil. We thank Look Chemicals for their support during our entry into this important production market.”

About OxC-beta™ Technology and OxC-beta™ Livestock
Avivagen’s OxC-beta™ technology is derived from Avivagen discoveries about ?-carotene and other carotenoids, compounds that give certain fruits and vegetables their bright colours. Through support of immune function, the technology provides a non-antibiotic means of promoting health and growth. OxC-beta™ Livestock is a proprietary product shown to be an effective and economic alternative to the antibiotics commonly added to livestock feeds. The product is currently available for sale in the United States, Philippines, Mexico, Taiwan, New Zealand, Thailand, Brazil, Australia and Malaysia.

Avivagen’s OxC-beta™ Livestock product is safe, effective and could fulfill the global mandate to remove all in-feed antibiotics as growth promoters. Numerous international livestock trials with poultry and swine using OxC-beta™ Livestock have proven that the product performs as well as, and, sometimes, in some aspects, better than in-feed antibiotics.

About Avivagen
Avivagen is a life sciences corporation focused on developing and commercializing products for livestock, companion animal and human applications that, by safely supporting immune function, promote general health and performance. It is a public corporation traded on the TSX Venture Exchange under the symbol VIV and is headquartered in Ottawa, Canada, based in partnership facilities of the National Research Council of Canada. For more information, visit www.avivagen.com. The contents of the website are expressly not incorporated by reference in this press release.

Forward Looking Statements
This news release includes certain forward-looking statements that are based upon the current expectations of management. Forward-looking statements involve risks and uncertainties associated with the business of Avivagen Inc. and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions “aim”, “anticipate”, “appear”, “believe”, “consider”, “could”, “estimate”, “expect”, “if”, “intend”, “goal”, “hope”, “likely”, “may”, “plan”, “possibly”, “potentially”, “pursue”, “seem”, “should”, “whether”, “will”, “would” and similar expressions.

Statements set out in this news release relating to discussions with potential new distribution partners in Brazil, new agreements that might arise from such discussions and the possibility for continued and accelerated growth in Brazil as well as the possibility for OxC-beta™ Livestock to replace antibiotics in livestock feeds as growth promoters are forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. For instance, discussions with potential new distribution partners may not result in an agreement, any new agreement with a distribution partner in Brazil may not result in growth for Avivagen in Brazil, Avivagen’s products may not gain market acceptance or regulatory approval in new jurisdictions or for new applications and may not be widely accepted as a replacement for antibiotics as growth promoters in livestock feeds due to many factors, many of which are outside of Avivagen’s control. Readers are referred to the risk factors associated with the business of Avivagen set out in Avivagen’s most recent management’s discussion and analysis of financial condition available at www.SEDAR.com. Except as required by law, Avivagen assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.

Neither 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.

For more information:
Avivagen Inc.
Drew Basek
Director of Investor Relations
100 Sussex Drive, Ottawa, Ontario, Canada K1A 0R6 Phone: 416-540-0733
E-mail: d.basek@avivagen.com

Kym Anthony
Chief Executive Officer
100 Sussex Drive, Ottawa, Ontario, Canada K1A 0R6 Head Office Phone: 613-949-8164
Website: www.avivagen.com
Copyright © 2021 Avivagen Inc. OxC-beta™ is a trademark of Avivagen Inc.

Release – Entravisions Colorado News Team Wins 22 Emmy Awards


Entravision’s Colorado News Team Wins 22 Emmy Awards

 

SANTA MONICA, Calif.–(BUSINESS WIRE)– Entravision Communications Corporation (NYSE: EVC), a leading global media and marketing technology company, today announced the following:

WHAT:

Entravision’s news team serving the Univision affiliate in Colorado, KCEC-TV, was awarded 22 Emmy awards in 6 categories, presented by the 35th Annual Heartland Regional Emmy® Awards, a regional chapter of the National Academy of Television Arts and Sciences. Entravision provides news programming and sales and marketing services for KCEC-TV, which is owned by Univision Communications, Inc. Entravision’s news team was recognized in the following categories:

 
AWARDS: Hard News Report – No Time Limit
Carlos Moreno & Juan Arellano
 
Continuing Coverage
Rafael Contreras, Isela Gonzalez, Carlos Moreno, Yamile Arango Ospina, Claudia Marcela Chavez, Eduardo Flores Rodriguez, Cesar Sabogal, Fernando Ordaz, Linda Guerrero, Juan Cardenas, Juan Pablo Gomez, & Joniel Omana
 
Societal Concerns
Carlos Morena, Eduardo Flores Rodriguez, Cesar Sabogal & Joniel Omana
 
Promotion: Program
Rosangela Payan & Angel Castellanos
 
Talent: Anchor
Linda Guerrero
 
Talent: Reporter – Live
Carlos Moreno
 
QUOTE: “We are thrilled to have won 22 Emmys across 6 different categories, a true testament to our highly committed news organization and teams,” said Juan Carlos Gutierrez, Entravision’s Regional News Director for Univision Colorado, Kansas and Nevada. “These awards continue to validate that our excellent news coverage connects with, and is valued by, the Colorado Latino communities we serve.”

About Entravision Communications Corporation

Entravision is a diversified global media, marketing and technology company serving clients throughout the United States and in 32 countries across Latin America, Europe, and Asia. Entravision has 54 television stations and is the largest affiliate group of the Univision and UniMás television networks, and 48 Spanish-language radio stations that feature nationally recognized, award-winning talent. Our dynamic digital portfolio includes Entravision Digital, which serves SMBs in high-density U.S. Latino markets and provides cutting-edge mobile programmatic solutions and demand-side platforms that allow advertisers to execute performance campaigns using machine-learned bidding algorithms, along with Cisneros Interactive, a leader in digital advertising solutions in the Latin American and U.S. Hispanic markets representing major technology platforms, and MediaDonuts, a leader in programmatic digital solutions in Southeast Asia. Shares of Entravision Class A Common Stock trade on The New York Stock Exchange under the ticker symbol: EVC. Learn more about all of our media, marketing and technology offerings at entravision.com or connect with us on LinkedIn and Facebook.

Contact for Entravision:
Kimberly Esterkin
Addo Investor Relations
evc@addo.com
310-829-5400

Source: Entravision Communications Corporation

Vectrus (VEC) – Operating Environment Remains Healthy Favorable Risk Reward

Thursday, July 22, 2021

Vectrus (VEC)
Operating Environment Remains Healthy; Favorable Risk/Reward

Vectrus Inc is a U.S.-based company that provides services to the U.S. government. It operates as one segment and offer facility and logistics services and information technology and network communications services. The information technology and network communications capabilities consist of communications systems operations and maintenance, management and service support, systems installation and activation, system-of-systems engineering and software development, and mission support for the department of defense. The facility and logistics service include airfield management, ammunition management, civil engineering, communications, emergency services, life support activities, public works, security, transportation operations and others.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    New Awards. Last week, Vectrus announced it had received two additional task orders under the AFCAP V $6.4 billion ID/IQ contract. The new firm-fixed price awards are valued at $40 million. These two additional task orders build on the Company’s AFCAP wins that were announced in the first quarter, demonstrating Vectrus’ ability to support the contingency and humanitarian requirements under AFCAP V, in our view.

    Iraq Now Under Vectrus.  It appears operational responsibility for Iraq has finally transferred over to Vectrus under the LOGCAP V award. The worldwide pandemic slowed the transition process down substantially, but with Iraq transferred Vectrus could finally begin to realize more of the LOGCAP V award promise. We view the transition positively …



This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

CanAlaska Mobilizes for West Athabasca Diamond Project


CanAlaska Appoints New Vice President Exploration

 

Kimberlite Indicator Mineral Sampling to Target Basal Tills

Sampling Down-Ice of More Than 300 Circular Magnetic Anomalies

Vancouver, British Columbia–(Newsfile Corp. – July 22, 2021) – CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) (“CanAlaska” or the “Company”) is pleased to announce it has mobilized a crew to begin kimberlite indicator mineral (KIM) sampling down-ice of its West Athabasca Diamond Project areas. The Company holds 51,654 hectares (129,135 acres) of claims encompassing over 300 circular magnetic anomalies in the Athabasca Basin of Saskatchewan. The project is located north and northeast of the past-producing Cluff Lake Uranium Mine (Figure 1).

Figure 1

The objective of this sampling program is to complement the 2018 DeBeers’ till sampling program, which was tightly restricted to eskers inside the claim boundaries. These eskers are relatively short, sinuous and sharp-crested features that sit on top of glacial outwash deposits. As a result, the sampled eskers unlikely eroded the local bedrock or basal tills, and therefore may not have sampled the potential kimberlite material possibly associated with these circular anomalies. This new KIM till sampling program will focus in close proximity to Athabasca Group outcrop locations in order to find and acquire basal till samples that contain material possibly associated with these magnetic anomalies.

In 2011, a high-quality regional magnetic and radiometric airborne survey was completed over the Athabasca Basin which resulted in identification of small, round magnetic anomalies that resemble the size and character of anomalies generally associated with kimberlite pipes elsewhere. Based on this observation, the West Athabasca claims were staked in 2015 and later optioned to DeBeers in 2016. DeBeers conducted a high-resolution low-amplitude aeromagnetic survey that defined 695 discrete singular and cluster anomalies like those shown in Figure 2 for the William River Block. Seven of the anomalies were identified as accessible for summer drilling and nine holes were completed in the fall of 2016. DeBeers drill tested the margins of seven magnetic anomalies out of the more than 300 that had been defined as priority. No kimberlite was intersected but three of the holes identified a thin magnetic mud of possible biogenic origin at the base of the till near the bedrock top. Only summer accessible targets were drill tested since a vast majority of the magnetic anomalies exist under lakes or muskeg.


Figure 2

In support of kimberlite emplacement potential, the singular and cluster anomalies follow a general southwest-northeast orientation in proximity to a known deep-crustal domain-boundary structure known as the Grease River Shear Zone (“GRSZ”) (Figure 1). The association of the cluster orientations in relation to this structure provides an interesting emplacement and target scenario. On a more regional scale, this area of the Athabasca Basin is underlain by the Rae Province, a thick Archean crust.

CanAlaska CEO, Cory Belyk, comments, “The team has done an excellent job of re-evaluating the potential of our West Athabasca Diamond Project. The more than 300 discrete circular magnetic anomalies of the size and character of kimberlite pipes suggest these anomalies need to be considered further. Locating KIMs in basal tills that may better represent bedrock sources located up-ice would be an encouraging outcome from this program and significantly upgrade diamond discovery potential in this region.”

About CanAlaska Uranium

CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) holds interests in approximately 214,000 hectares (530,000 acres), in Canada’s Athabasca Basin – the “Saudi Arabia of Uranium.” CanAlaska’s strategic holdings have attracted major international mining companies. CanAlaska is currently working with Cameco and Denison at two of the Company’s properties in the Eastern Athabasca Basin. CanAlaska is a project generator positioned for discovery success in the world’s richest uranium district. The Company also holds properties prospective for nickel, copper, gold and diamonds. For further information visit www.canalaska.com.

The qualified technical person for this news release is Dr. Karl Schimann, P.Geo., CanAlaska director and Senior Exploration Consultant.

On behalf of the Board of Directors
“Peter Dasler”
Peter Dasler, M.Sc., P.Geo.
President
CanAlaska Uranium Ltd.

Contacts:

Cory Belyk, Executive VP and CEO
Tel: +1.604.688.3211 x 306
Email: cbelyk@canalaska.com

Peter Dasler, President
Tel: +1.604.688.3211 x 138
Email: info@canalaska.com

Neither 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 information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.