Asterion Cannabis Announces Election of New Director

Asterion Cannabis Announces Election of New Director

Asterion is pleased to announce the voting results from the Company’s 2020 annual general meeting of shareholders held on Friday, January 24, 2020.

Asterion Cannabis Inc. (“Asterion” or the “Company”), is pleased to announce the voting results from the Company’s 2020 annual general meeting of shareholders (the “Meeting”) held on Friday, January 24, 2020, in Vancouver, British Columbia. A total of 45,613,167 common shares were voted at the Meeting, representing 68.36% of the outstanding common shares of the Company, as at the record date for the Meeting. All matters submitted to shareholders for approval, as set out in the Company’s notice of meeting and management information circular, dated January 13, 2020, were unanimously approved by the votes cast at the Meeting.

Shareholders re-appointed Smythe LLP, Chartered Professional Accountants as the auditor of the Company for the ensuing year at the remuneration to be fixed by the directors of the Company and approved the Company’s 10% rolling stock option plan.

The number of directors of the Company has remained at six and management’s nominees for election as director, Stephen Van Deventer, Kimberly Van Deventer, Shabira Rajan, Hamish Sutherland, Peter Haukedal, and Robert Coltura, were all elected as directors of the Company.

Stephen Van Deventer, Chairman and CEO, commented, “We are extremely pleased to have Mr. Coltura join the Board of Directors of Asterion. Collectively, the boards diverse experience and backgrounds will be a valuable asset as the Company advances into the next phase of its development.”

Robert Coltura

Mr. Coltura is a businessman and is the President and principal shareholder of Matalia Investments Ltd., a company that provides management consulting and corporate finance services to public and private companies. Mr. Coltura is also the President and Chief Executive Officer of Fiorentina Minerals Inc., the President of Coltura Financial Corp and Coltura Properties, which has commercial properties and hotels in North America. With over 20 years of experience in the public sector, as a director and officer, and in successful business development, he works with companies to strengthen their positions within their industry.

About Asterion

Asterion Cannabis Inc. is a Canadian medicinal cannabis company with a wholly-owned Australian subsidiary, Asterion (Australia) Pty Ltd. With its cultivation to market strategy, the company’s focus is leading and advancing cannabis agriculture, producing the highest quality, lowest cost, genetically uniform cannabis strains and cannabinoid products. The Australian government formally recognizes the company with a Major Project Status and the company has been granted a medicinal cannabis license, a cannabis research license, and a manufacture license from the Australian Office of Drug Control.

Led by a highly experienced team with over 200 years of combined successful track records spanning – North America, Europe, the Middle East, and Asia-Pacific. Management experience with large scale projects includes medicinal cannabis, renewable energy, and capital markets.

On Behalf of the Board of Directors

“Stephen Van Deventer”
Chief Executive Officer

For further information, please contact:

Investor Relations
info@asterioncannabis.com

Forward-Looking Statements:

This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding the Company’s anticipated business plans and prospects of success in executing its plans, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Various risks and uncertainties could cause actual results to differ materially from Asterion’s expectations. Other factors such as general economic, market or business conditions, future prices of cannabis, changes in the financial markets and in the demand and market price for cannabis, or changes in laws, regulations and policies affecting the biotechnology or cannabis industry, and delays in obtaining governmental and regulatory approvals, may also adversely affect the future results or performance of the Company. Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements.

Click here to connect with Asterion Cannabis Inc. for an Investor Presentation.

Source

Bitcoin Investing in Australia

Bitcoin is experiencing hype as its price continues to ride high, and Aussie investors are looking closer at ways to invest in cryptocurrencies.

Debuting in 2010 at a cost of just a cent, bitcoin has since taken off, reaching a record-breaking value of more than US$63,000 this past April, equivalent to over AU$81,000.

The market is gaining steam, and research from Finder shows that one in four Australians are currently investing in cryptocurrencies, with 13 percent putting money in bitcoin. Almost half of the cryptocurrency investors surveyed by Finder said they purchased digital coins due to their skyrocketing value.

Keep reading... Show less

Asterion Appoints Amy Stephenson as Chief Investment Officer

Asterion Cannabis Inc. (“Asterion” or the “Company”), announces the appointment of Amy Stephenson, MBA, CFA, CPA, CMA, as Chief Investment Officer.

Amy Stephenson has the in-depth cannabis industry knowledge, experience and relationship collateral that allows her to provide relevant information, direction and leadership on optimal financing and public transaction strategies for cannabis companies during the infancy stage. Ms. Stephenson’s addition to the team brings Asterion, one of the most accomplished finance officers in the industry.

Keep reading... Show less

Asterion Signs DAA for $400 Million

Asterion Cannabis Inc. (“Asterion” or the “Company”), announces that the Company and its wholly-owned Australian subsidiary, Asterion (Australia) Pty Ltd., (“Asterion (Australia)”), has entered into an exclusive Definitive Association Agreement (DAA) on March 30, 2020, to finalize the development, construction, maintenance and financing of the first ($400 million) phase of its facilities in Toowoomba, Queensland, Australia (“Project”) with entities within the Watpac Limited group (“Watpac”).

Watpac is a large and well-known contractor in Australia and part of the BESIX Group, a global construction, property development and concessions company.

Keep reading... Show less

ASX Rare Earths Stocks

Rare earths are a group of commodities that Australia has done well to corner the market on, not because of a monopoly on resources (indeed Australia only accounts for 3 percent of global reserves), but because it was ahead of the curve when it comes to investment.

The story of rare earths in Australia — the modern success story at least — has its roots in a 2010 trade dispute between Japan and China, when China throttled exports of rare earths to Japan as retribution for a fisheries clash.

Long story short, Japan found itself looking to diversify its rare earths import partners. Up until then it had been beholden to the whims of its larger neighbour, which at the time accounted for over 93 percent of rare earths output.

Keep reading... Show less

Australia’s 5 Most Valuable Mineral Exports

Australia’s economy is largely based on its natural resources, with the minerals sector making the greatest contribution to the nation’s exports.

Four of Australia’s states and territories rank in the top 20 mining jurisdictions in the world, according to the Fraser Institute’s latest annual survey of mining companies: Western Australia (fourth), Southern Australia (seventh), Queensland (16th) and the Northern Territory (19th).

These mining jurisdictions demonstrate a high level of investment attractiveness mainly due to their mineral-rich geology, solid infrastructure, stellar economic environment and government support for the resources industry at both the federal and state level.

Keep reading... Show less

Australian Cannabis Producers Could Play a Major Role Internationally

Australia's domestic medical cannabis market continues to gradually open, but is it big enough to sustain the country's plethora of producers?

As the industry gets more crowded, cannabis companies are looking at business options both at home and internationally as a way to increase their reach.

With ongoing questions surrounding the legalisation of cannabis for recreational purposes, Australia's advantageous placement may allow these firms to benefit from plays further afield.

Keep reading... Show less

Bitcoin Investing in Australia

Bitcoin is experiencing hype as its price continues to ride high, and Aussie investors are looking closer at ways to invest in cryptocurrencies.

Debuting in 2010 at a cost of just a cent, bitcoin has since taken off, reaching a record-breaking value of more than US$63,000 this past April, equivalent to over AU$81,000.

The market is gaining steam, and research from Finder shows that one in four Australians are currently investing in cryptocurrencies, with 13 percent putting money in bitcoin. Almost half of the cryptocurrency investors surveyed by Finder said they purchased digital coins due to their skyrocketing value.

Keep reading... Show less

Where They Rank: Australian Mining Jurisdictions

Australia is well known as a prolific mining nation, with large sections of its economy built on mining since the mid-1800s onwards.

Minerals account for up to 60 percent of Australia’s export merchandise, according to Geosciences Australia, giving the mining industry a 12 percent share of gross domestic product.

But not all states in Australia are equal, with the premier jurisdiction and source of wealth being Western Australia, which takes up the western third of the arid continent.

Keep reading... Show less

When Will Australia Legalise Recreational Cannabis?

Recreational cannabis remains illegal in all Australia’s states and territories with the exception of the Australian Capital Territory (ACT). But could that change in the future?

So far there are no clear indicators as to when or if Australia could legalise recreational cannabis, but attitudes seem to be changing. Public support is growing, and there’s even some political acceptance.

Read on to learn more about when Australia may legalise recreational cannabis.

Keep reading... Show less

A State-by-State Guide to Cannabis in Australia

Australia made waves when it federally legalised medicinal cannabis in 2016, and its marijuana market has experienced significant growth since then.

A study from FreshLeaf Analytics pegs Australian medical market sales at AU$95 million in 2020, while research firm Prohibition Partners indicates that Oceania's cannabis industry is expected to be worth US$1.55 billion by 2024; medicinal cannabis is expected to account for 40 percent of the industry.

Despite that growth, the country's cannabis industry is still young. Recreational use is not yet in sight, and even medical access remains limited and highly regulated.

Keep reading... Show less

Australian Cannabis: Forecasts, Analysis and Expert Advice

Are you ready to start investing in Australia’s growing cannabis market?

Dive right in with our FREE Special Report, Australian Cannabis: Forecasts, Analysis and Expert Advice

Keep reading... Show less

Cannabis in the ACT: The Market a Year Post-Legalisation

It’s been just over a year since recreational cannabis was legalised in the Australian Capital Territory (ACT), home to the nation’s capital city of Canberra.

Announced on September 25, 2019, and brought into effect on January 31, 2020, the rules make it legal to possess and personally use small amounts of cannabis.

Keep reading... Show less

What Investors Should Know About Australia’s New CBD Rules

A big change is in store for the Australian cannabis market thanks to a new rule recently approved by the country’s health regulatory agency.

In December, the Therapeutic Goods Administration (TGA) confirmed it would begin allowing the sale of low-dose cannabidiol (CBD) products over the counter by a pharmacist.

Keep reading... Show less

Top News

Related News