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Mohawk Group Holdings, Inc. Closes Its Initial Public Offering

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NEW YORK, June 14, 2019 (GLOBE NEWSWIRE) — Mohawk Group Holdings, Inc. (NasdaqCM:MWK) (“Mohawk”) today announced the closing of its initial public offering of 3,600,000 shares of its common stock at a price of $10.00 per share.

Mohawk received net proceeds from the offering of approximately $29.3 million, after deducting underwriting discounts and estimated offering expenses. Mohawk intends to use the net proceeds from the offering for general corporate purposes and to support the future growth and development of its business.

Roth Capital Partners and A.G.P./Alliance Global Partners served as joint book-running managers with National Securities Corporation, a wholly owned subsidiary of National Holdings Corporation (NasdaqCM:NHLD), as co-manager for the offering.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on June 12, 2019. The final prospectus relating to the offering has been filed with the Securities and Exchange Commission and copies may be obtained by request from any of the following sources:

Roth Capital Partners, LLC, 888 San Clemente Drive, Newport Beach, California 92660, Attention: Equity Capital Markets, via telephone at (800) 678-9147 or via email at rothecm@roth.com.

A.G.P./Alliance Global Partners, 590 Madison Avenue, 36th Floor, New York, New York 10022, via telephone at 212-624-2060 or via email at prospectus@allianceg.com.

National Securities Corporation, 200 Vesey Street, 25th Floor, New York, New York 10281, Attention: Marguerite Rogers, Sr. Vice President, via telephone at (212)-417-8227, or via email at prospectusrequest@nationalsecurities.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Mohawk Group Holdings, Inc.

Mohawk Group Holdings, Inc. and subsidiaries (“Mohawk”) is a rapidly growing technology-enabled consumer products company that uses machine learning, natural language processing, and data analytics to design, develop, market and sell products. Mohawk predominately operates through online retail channels such as Amazon, eBay, and Walmart. Mohawk has incubated and grouped four owned and operated brands: hOme, Vremi, Xtava and RIF6. Mohawk sells products in multiple categories, including home and kitchen appliances, kitchenware, environmental appliances (i.e., dehumidifiers and air conditioners), beauty related products and, to a lesser extent, consumer electronics. Mohawk was founded on the premise that if a company selling consumer packaged goods was founded today, it would apply artificial intelligence and machine learning, the synthesis of massive quantities of data and the use of social proof to validate high caliber product offerings as opposed to over-reliance on brand value and other traditional marketing tactics.

Investor Relations Contact:

Investor Relations Group
Phone: (917) 905-0311
Email: ir@mohawkgp.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

IT Industry

Chitosan Market Value To Reach Around US$ 22 Billion by 2026

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The global chitosan market value is poised to reach around USD 22 billion by 2026 and will grow at CAGR above 20.2 % over the forecast time frame 2019 to 2026

LOS ANGELES, June 14, 2019 (GLOBE NEWSWIRE) — Acumen Research and Consulting, Recently Published Report on “Chitosan Market (By Application: Water Treatment, Food & Beverage, Cosmetics, Pharmaceutical & Biomedical, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026.”

Free Download Sample Report Pages for Better understanding@ https://www.acumenresearchandconsulting.com/request-sample/1446

Chitosan is a type of chitin that is the most important component in the marine animal exoskeleton. The marine shell waste, such as squid, shrimp, krill and crabs, is manufactured commercially. Chitosan is used in a wide range of end use sectors like food, chemicals, food, food and drug products, agriculture, cosmetics and more. However, water processing, bio-medicine, pharmaceuticals, cosmetics, food & beverage are the main end-use sectors.

The market is driven by the increased range of applications in cosmetics, water therapy for impurity removal and the medical industries. In addition, increasing demand is driving the market growth of biofunded chemicals and fewer fresh water resources. Because of the favorable prospects of the pharmaceutical industry in the area North America is anticipated to be a market leader in the near future.

In conjunction with public initiatives, increased demand from the cosmetic sector and the widening implementation of wastewater treatment also drive development. The demand for chitosan for different apps is anticipated to grow in the next few years. In order to propel the product demand, increasing waste water treatment needs are expected to be addressed in sectors such as textiles, milk products, paper & pulp, metal cutting and chemical. As a consequence, the growing demand for products is likewise expected to increase market growth as a result of water treatment and the stringent rules on wastewater disposal.

View Detail Information with Complete TOC@ https://www.acumenresearchandconsulting.com/chitosan-market

The chitosan industry’s key variables are the rich supply of raw materials and the evolving apps in different sections of end use. Continuing R&D operations centered on the search for new uses for chitosan and the development of current technologies are also anticipated to contribute to chitosan market development during the period under examination. Nevertheless, elevated manufacturing costs of chitosan and its derivatives as well as product inconsistency could hinder market growth owing to seasonal, regional and chemical changes.

Wastewater Treatment Applications Driving Demand

Some of the main driving forces for demand in the worldwide chitosan industry are unique and helpful characteristics of chitosan, extensive supply of raw products and increased understanding of its health advantages. On the other side, the chitosan market is hampered by stringent laws relating to the cultivation of shrimps, striking drawbacks in drug delivery systems and instability in certain other areas. As an additional opportunity in this industry, the analyst has expected the development of chitosan from non-aquatic sources.

Key Findings

Increasing demand and growing preferences for natural-derived products by pharmaceutics and cosmetics producers are anticipated to make North America the fastest-growing region. 

A CAGR of approximately 21 percent is expected to grow in Canada’s pharmaceutical industry in due course to increase R&D in tissue engineering applications in product.

Browse all official Market Research Reports Press Releases@ https://www.acumenresearchandconsulting.com/press-releases

Explore Our Market Blog@ https://www.acumenresearchandconsulting.com/blogs

Key Players & Strategies

FMC Corp., Qingdao Yunzhou Biochemistry Co., Golden Shell Pharmaceutical Co., Heppe Medical Chitosan GmbH Ltd., are some of the major businesses on the market. Major enterprises are faced with comparatively less national competition. However, over the forecast period, fast development of the Japanese and Chinese markets will hinder their development. In addition, the growing amount of market entrants is likely to intensify competitiveness over the forecast period, owing to an simple manufacturing method and increased product demand.

Manufacturers are more focused on lowering product costs while increasing output and quality to maintain and reinforce their industrial presence. Initiatives to develop the fishing sector in multiple nations like India are anticipated to increase the accessibility of raw materials. Current study by governments and private organisations in these areas should also promote the entry of fresh enterprises on the market and thus intensify competition between industries.

Acumen Research and Consulting Enters Partnership with MARKETWATCH, Click Here

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The report is readily available and can be dispatched immediately after payment confirmation.

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Lift & Co. cannabis experts are available to help media navigate new cannabis products and regulations coming to market

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The federal government just announced regulations allowing new cannabis products to come to market. Navigating what these new products may be and what the regulations mean for Canadian consumers can be challenging. Lift & Co., the company behind CannSell retail training, is here to help.  

TORONTO, June 14, 2019 (GLOBE NEWSWIRE) — Lift & Co. Corp. (“Lift & Co.” or the “Company”) (TSXV: LIFT) (OTCQB: LFCOF) cannabis experts including our CEO Matei Olaru, VP Strategy Nick Pateras and CannSell experts are available for interview, comment or background to media covering the new cannabis products and the regulations announced today by the federal government.

“In terms of boosting the market, the legalization of these product formats could be even more significant than the initial phase of legalization,” says Nick Pateras, Vice President of Strategy for Lift & Co. “These new formats will be the catalyst for market acceleration and are paramount to effectively shifting demand into regulated channels.”

“These new cannabis products will bring a whole new consumer segment into the sector. Our recent partnered study on edibles indicates 1.5 million in new consumers in the first year,” said Matei Olaru, CEO for Lift & Co. “There is a land grab opportunity for brands to strategically position their edibles, extracts and topicals products in the second year of legalization. Lift & Co. continues to provide unique consumer data insights by aggregating data across our proprietary consumer database at lift.co and our budtender training platform CannSell.”

Consumers are likely to face challenges understanding what new formats are being introduced to the legal market as well as what new products they may see on shelves. Helping consumers understand these new product formats is challenging because there is variability in some of the naming conventions. For example, Lift & Co. staff found different terminology across different websites.

What’s it called?
Common name Flower / Bud Cannabis Oil* Edibles Beverages Capsules Concentrate (liquid) Concentrate (solid) Topicals
Canada.ca/Cannabis Dried Flower Cannabis Oil Edible cannabis (solid) Edible cannabis (beverage) Cannabis Extract (injested) Cannabis Extract (inhaled) Cannabis Extract (THC concentrate) Cannabis Topicals
Cannabis Act Name
(Schedule 3)
Dried Cannabis Cannabis Oil Solid containing cannabis non-solids containing cannabis non-solids containing cannabis cannabis non-solid concentrates cannabis solid concentrates non-solids containing cannabis
OCS Product Category Dried Flower Cannabis Oil Edibles Beverages Capsules Concentrates Extracts Topicals
*  According to the Government of Canada’s “FINAL REGULATIONS FOR NEW CANNABIS PRODUCTS: EDIBLE CANNABIS, CANNABIS EXTRACTS AND CANNABIS TOPICALS,” Cannabis oil is scheduled to be discontinued as its own product format 12 months after legalization of other formats (October 17, 2020 if legalization is October 17, 2019)
 

For new cannabis consumers who may be trying dried flower and cannabis oil for the first time, understanding how these new product formats compare is difficult. Schedule 3 of the Cannabis Act lays out dried flower equivalents in terms of grams, which is what consumers need to know to calculate their personal public possession limits. The new regulations also set limits for licensed producers and manufacturers for the maximum amount of THC in each of these new product formats. The limits, and the way in which THC is presented on the label differ widely by format making it difficult to compare the amount of THC in a product.

An infographic accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4583fd9d-7466-4449-b503-97241c29ebc8

It is important for consumers to understand that the method of consuming cannabis matters. Inhaling cannabis by smoking or vaping is different than consuming cannabis by eating or drinking it. When cannabis is eaten it is processed by the liver (not the lungs) and is converted into 11-Hydroxy-THC which can have effects on the brain that are up to 3-5 times stronger than regular THC1. This means that edibles can have stronger effects even at lower concentrations.

Expert commentary available

Lift & Co. CEO Matei Olaru and VP Strategy Nick Pateras are available for commentary on what these changes will mean for consumers and the cannabis industry (both in Canada and globally) and can speak to what new product formats we are likely to see.

For commentary on consumer trends and how marketers might position these new product formats our Chief Revenue Officer Jon Kamin is available.

Our CannSell retail training experts are also available for detailed retail and consumer awareness commentary.

About Lift & Co.
Lift & Co. (TSXV: LIFT) (OTCQB: LFCOF) is a publicly traded technology company modernizing the cannabis industry.

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) accept responsibility for the adequacy or accuracy of this release.

Although the Company has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended.

There can be no assurance that such forward-looking statements will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. The Company disclaims any intention or obligation to update or revise such information, except as required by applicable law, and the Company does not assume any liability for disclosure relating to any other company mentioned herein.

For further information:
Lift & Co.
Sara McMillen, Director Communications and Government Relations, Lift & Co.
smcmillen@lift.co
1-416-220-9536

Nikki Laoutaris, Communications Manager, Lift & Co.
nlaoutaris@lift.co
1-647-464-0148

Investor Relations:
Thesis Capital
Prit Singh, 905-510-7636, psingh@thesiscapital.ca

____________
1 User-friendly source: https://sapiensoup.com/images/thc/Infographic-Human-Metabolism-THC-1300.png

Original research here: https://www.researchgate.net/profile/Bhola_Nath_Dhawan/publication/20324783_Drug_abuse_in_India_progress_in_research/links/02e7e52a07f8f5d62b000000/Drug-abuse-in-India-progress-in-research.pdf#page=105
And here: https://www.researchgate.net/profile/Franjo_Grotenhermen/publication/10846458_Grotenhermen_F_Pharmacokinetics_and_pharmacodynamics_of_cannabinoids_Clin_Pharmacokinet_42_327-360/links/0deec52c807847f92e000000.pdf 

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IT Industry

AppTech Corp. Terminates LOI to Acquire Alliance Financial Network, Inc.

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CARLSBAD, Calif., June 14, 2019 (GLOBE NEWSWIRE) — AppTech Corp. (OTC PINK SHEETS: APCX) announces it has terminated the letter of intent to acquire 100% of the equity, liabilities, and subsidiaries of Alliance Financial Network, including eXPO™.

AppTech Corp continues to work with multiple companies to acquire technology that will enhance development for their multiple payment platforms.

For more information about AppTech, please visit www.apptechcorp.com.

About AppTech

AppTech Corp. is a FinTech company providing electronic payment processing technologies and merchant services. The company recently expanded its core services to include global SMS patented text messaging and secure mobile payments based on multi-factor authentication technology.

Forward-Looking Statements

This press release contains forward-looking statements that are inherently subject to risks and uncertainties. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate”, “believe”, “estimate”, “expect”, “forecast”, “intend”, “may”, “plan”, “project”, “predict”, “should” and “‘will” and similar expressions as they relate to AppTech are intended to identify such forward-looking statements. These forward-looking statements involve risks and uncertainties concerning the Company. Actual events or results may differ materially from those described in this press release due to a number of factors. AppTech is under no obligation to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

Media Contact
(760) 707-5959
media@apptechcorp.com

Investor Relations Contact
(760) 707-5955
ir@apptechcorp.com

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