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Lift & Co. Corp Announces Closing of $3.5 Million Private Placement from Legacy Investor Gotham Green Partners

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the United States of America

TORONTO, Sept. 11, 2019 (GLOBE NEWSWIRE) — Lift & Co. Corp. (the “Company”) (TSXV: LIFT) (OTCQB: LFCOF) is pleased to announce that it has completed a non-brokered private placement offering (the “Private Placement”) of 10.6% senior secured convertible debentures of the Company due September 10, 2020 in the aggregate principal amount of $3,500,000 (the “Debentures”) and 2,713,178 common share purchase warrants of the Company (each, a “Warrant” and collectively the “Warrants”) for aggregate gross proceeds of $3,500,000. The subscribers pursuant to the Private Placement were affiliates of Gotham Green Partners, LLC, an insider of the Company (such funds, the “Subscribers”).

The Debentures will be comprised of: (a) $2,000,000 principal amount, which will be immediately used to repay the Company’s existing indebtedness to the Subscribers pursuant to the Company’s unsecured convertible debentures due September 13, 2020; and (b) $1,500,000 principal amount which will remain outstanding. The Debentures will bear interest at a rate of 10.6% per annum and will mature on September 10, 2020, subject to prepayment upon meeting certain conditions (the “Maturity Date”). The Debentures are secured by a first ranking security interest that is in priority to all of the other obligations of the Company. The Debentures will be convertible at any time at the holder’s option into common shares of the Company (“Common Shares”) at a conversion price of $0.215, which is equal to the closing price of the Common Shares on the last trading day prior to the closing of the Private Placement (the “Closing Date”).

While the Debentures are outstanding, and subject to approval of the TSX Venture Exchange (“TSXV”), interest may be paid-in-kind (“PIK”) at the Company’s option on the outstanding principal amount of such Debentures such that any amount of PIK interest is added to the outstanding principal amount of such Debentures at a price per Common Share that is based on a price no less than the market price of the Common Shares at the time of the PIK interest being added to the Debentures.

Each Warrant is exercisable into one Common Share until September 10, 2020 at an exercise price of $0.3225 per Common Share.

All securities issued in connection with the Private Placement will be subject to a hold period of four months and one day from the Closing Date. The Company intends to use the net proceeds of the Private Placement for: (i) general working capital purposes; (ii) fees and expenses related to the Private Placement; and (iii) repayment of certain indebtedness of the Company, including the Company’s existing debentures held by the Subscribers, as described above.

The issuance of the Debentures and Warrants to an insider pursuant to the Private Placement is considered a related party transaction within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements in sections 5.5(e) and 5.7(c) of MI 61-101 in respect of such insider participation on the basis that the transaction is supported by an arm’s length control person.

The Private Placement remains subject to the final acceptance of the TSXV. The Company intends to file a material change report with respect to the Private Placement within 10 days of the Closing Date.

The Company did not file a material change report more than 21 days before the expected closing of the Private Placement, which it considers reasonable in the circumstances, as the participation in the transaction by related parties of the Company were not settled until shortly prior to closing of the Private Placement.

The securities issued in connection with the Private Placement have not been and will not be registered under 1933 Act, or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the 1933 Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Lift & Co.

Lift & Co. is a publicly traded technology company modernizing the cannabis industry.

Forward Looking Statements

This news release and each of the documents referred to herein contains “forward-looking information” within the meaning of applicable Canadian and United States securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “is expected”, “expects”, “scheduled”, “intends”, “contemplates”, “anticipates”, “believes”, “proposes” or variations (including negative and grammatical variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such statements are based on the current expectations of management and are based on assumptions and subject to risks and uncertainties. Although management believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this press release may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company.

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, and subject to change after such date. 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.

Neither the TSXV nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information:

Lift & Co. Corp.

Sara McMillen, Director Communications and Government Relations
smcmillen@lift.co
1-416-220-9536

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

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

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

Mimecast Announces First North American Cyber Resilience Summit in Dallas

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Security and IT Professionals to Discuss the Complexities of Today’s Security Environments and How to Combat Disruption

DALLAS, Sept. 17, 2019 (GLOBE NEWSWIRE) — Mimecast Limited (NASDAQ: MIME), a leading email and data security company, today announced its first North American Cyber Resilience Summit to be held in Dallas, Texas October 28-30, 2019.  This Cyber Resilience Summit is built around the theme of ‘Resilience Now. Resilience Together™‘ and will bring together public and private IT and Information Security leaders, Mimecast customers and partners, and global experts. Attendees of the Summit will experience hands-on, knowledge-transfer sessions focused on key cybersecurity and cyber resilience issues affecting modern organisations.

In addition to knowledge sharing and building on key skills and certifications, attending the Summit provides the opportunity to network, better understand how to get the most out of your organization’s security ecosystem, and ultimately help aligning IT and Security teams to create robust resilience strategies and expand the value of your Mimecast investment.

“Organizations struggle with planning for and achieving a level of cyber resilience to help combat disruption to their business. This disruption comes in many forms: malicious and criminal intent, technology failure and human error. It’s a triple threat that makes the jobs of IT and security professionals very difficult as they must understand not only how to avoid disruption, but also how to withstand it when it inevitably occurs,” said Peter Bauer, chief executive officer at Mimecast.

Research has shown that the average number of security tools in an enterprise is approximately 75. Tracks during the Cyber Resilience Summit will address the complexity this brings, and will highlight the ineffi­ciencies, ineffectiveness and risk that brings to any security environment.

“We recently hosted a Cyber Resilience Summit in South Africa and it was a tremendous success – seeing an attendance of almost 1000 IT and security professionals. We want to bring that same level of excitement and dedication to achieve something great across the globe,” commented Bauer.  “We’re hosting the next Cyber Resilience Summit in Dallas to bring together top minds to discuss how resilience is also something that comes in many forms. Our speakers will tell stories of unimaginable challenges they have overcome, inspiration they’ve drawn from their experiences and the opportunities that have been presented to them. We will all come together to learn from each other to help build a more resilient world.”

Keynote speakers at the North American Cyber Resilience Summit include:

  • Art Coviello, Jr, Venture Partner, Rally Ventures and former Executive Chairman of RSA, The Security Division of Dell Technologies
  • Mick Ebeling, CEO of Not Impossible Labs
  • Ryan Stramrood, extreme adventurer and ice swimmer
  • Peter Bauer, CEO of Mimecast
  • Christina Van Houten, Chief Strategy Officer of Mimecast
  • Janet Levesque, SVP, Systems, Resilience and Security

During the event, more than 50 high-value breakouts will be led by Mimecast experts, customers, partners, and industry thought leaders to help attendees enhance the skills needed for ongoing success, helping to build a more comprehensive cyber resilience strategy for their organization.

Breakout sessions will be focused on the following:

  • Training Labs – Go deep on how to get the most out of your Mimecast technology with hands-on training from Mimecast experts. These sessions are designed to help attendees ensure protections are optimized.
  • Optimizing IT and your Security Ecosystem – Designed to give attendees strategies for optimizing their security posture today: building a sustainable security platform, making everything work together, and getting the most from investments.
  • Archiving, Data Protection and Compliance – Explore the challenges of archiving and data management through a variety of lenses. Learn how to optimize existing technologies and make data migration easy, and get best-practices from industry experts, peers and Mimecast product experts.
  • Advanced Security – Hear about persistent challenges like combatting human error, addressing multi-vector attacks, and making threat intelligence both consumable and actionable.
  • Your Mimecast: Innovations and Services – Learn where Mimecast has been investing and what lies ahead. From deep dive product discussions to sessions.

For more information and to register, please visit https://www.cyberresiliencesummit.com.

About Mimecast
Mimecast is a cybersecurity provider that helps thousands of organizations worldwide make email safer, restore trust and strengthen cyber resilience. Mimecast’s expanded cloud suite enables organizations to implement a comprehensive cyber resilience strategy. From email and web security, archive and data protection, to awareness training, uptime assurance and more, Mimecast helps organizations stand strong in the face of cyberattacks, human error and technical failure. www.mimecast.com

Mimecast Social Media Resources
LinkedIn: Mimecast
Facebook: Mimecast
Twitter: @Mimecast
Blog: Cyber Resilience Insights

Press Contact
Alison Raymond Walsh
press@mimecast.com

Investor Contact
Robert Sanders
Investors@Mimecast.com
617-393-7074

Mimecast and Resilience Together are either registered trademarks and/or trademarks of Mimecast Services Limited in the United States and/or other countries.  All other products and/or services referenced are trademarks of their respective companies. 

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IT Industry

StaffConnect Announces Upcoming Live Webinar Featuring Emma Bridger of People Lab to Discover Why Employee Experience is the Key to Customer Engagement

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Attendees to Learn What Business Leaders Can do to Motivate, Engage and Connect with Employees Across the Organisation for Long-Term Business Success

LONDON and SAN FRANCISCO, Sept. 17, 2019 (GLOBE NEWSWIRE) — StaffConnect, the leading provider of mobile employee engagement solutions for the deskless workforce, announced today its upcoming live webinar, Discover Why Employee Experience is Key to Customer Engagement’ featuring Emma Bridger of People Lab and renowned author of Employee Engagement. Emma will be sharing her insights and top tips from 18 years’ of experience, helping organisations transform employee engagement to drive business success.

Date: 
Monday, September 23, 11:00 – 11:30 a.m. ET / 4:00 – 4:30 p.m. BST

Why Attend:   
An engaged and productive workforce is vital for the success of any business. Attend this StaffConnect webinar to learn what business leaders can do to ensure their employees are motivated, engaged and connected to their organisational goals and mission for long-term success.

Learn:

  • Practical tips to building a compelling employee experience
  • How effective internal communication can help drive employee engagement
  • What role technology plays in the employee experience
  • The link between EX and CX and the impact on company performance.

Register Now:
The first 20 people to register and attend the webinar will receive a free copy of Emma’s latest book: ‘Employee Engagement – A Practical Introduction’.
register.gotowebinar.com/register/7318820386762027533

Tweet this: .@StaffConnectApp Announces Upcoming Live Webinar With Emma Bridger of People Lab to Discover Why Employee Experience is the Key to Customer Engagement
https://www.staffconnectapp.com/press-releases/ #InternalComms #IC #Mobile #EmployeeEngagement #DesklessWorkforce #EmployeeExperience #HR #Digital Experience

About StaffConnect    
StaffConnect is the leading provider of mobile employee engagement solutions for the deskless workforce. The StaffConnect platform transforms the employee experience by enabling enterprises to connect, communicate and engage their entire workforce, especially remote, deskless employees. The customer-branded mobile app gives employees ‘a voice’ – with access to company and user-generated content to increase loyalty and productivity. The cloud-hosted platform empowers employers to target that content, with analytics, to deepen engagement with everyone. From offices in London and San Francisco, StaffConnect’s platform and domain expertise are supporting large businesses around the world to inspire their workforces to deliver better performance, improved customer experiences and greater shareholder value. For further information, please visit: www.staffconnectapp.com.

Media Resources (logos, screenshots, etc.): https://www.staffconnectapp.com/press-resources/

PR Contact:
Sabrina Sanchez
The Ventana Group for StaffConnect
(925) 785-3014
ssanchez@theventanagroup.com

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IT Industry

VPN Publishes Forbes Internet Security Guide for Law Firms

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ATLANTA, LONDON and TORONTO, Sept. 17, 2019 (GLOBE NEWSWIRE) — VPN recently published a guide to internet privacy for law firms on Forbes.com. The article, Protecting Attorney-Client Privilege With A VPN, was created to help law firms understand the dangers unsecure internet connections pose to their firm reputation, employees and clients.

“The judicial branch of our government is the crown jewel of justice in the United States. It is a great opportunity to present your case before a judge in this country. Many places around the world have no such environment for trials of justice. Protecting the communication and sensitive details of these cases and clients is critical, stated Michael Gargiulo, CEO at VPN.

Many large law firms have established internet access policies. This defines how employees communicate internally and externally. Policies like this work to curb the abuse and cyberattacks large law firms typically attract.

“Smaller firms or solo practices are often less fortunate when it comes to how they protect their attorney-client privilege and communication. Unfortunately, if that information is compromised by an adversary or publication it can completely erode the reputation of the firm, the attorney-client privilege and the client’s case. In fact, Terry Myers, who operates one of the largest VPNs for businesses, Encrypt.me, agrees without a VPN, your identity and communication are completely exposed,” said Gargiulo.

IBM reports the average breach is now costing companies upwards of $4 million. Law firms and attorneys around the world are realizing the reality of growing threats against their internet connection and client-base. With the right internet access policies, business VPN connections and security protocols a firm can be much more prepared and secure in their digital operation.

To protect your firm or organization with a VPN, please visit: https://encrypt.me
 
To learn more about Protecting Attorney-Client Privilege With A VPN please visit: https://www.forbes.com/sites/forbestechcouncil/2019/09/04/protecting-attorney-client-privilege-with-a-vpn/

To learn more about how VPN.com helps families, entrepreneurs and organizations secure their internet activity, please visit: https://vpn.com

To learn more about how VPN helps brands and visionaries secure premium domain names, please visit: https://vpn.com/domains

To learn more about premium dedicated hosting for your firm or enterprise, please visit: https://totalserversolutions.com our #1 host of VPN providers in 2019 or email Jason Brozena at jason.brozena@totalserversolutions.com

To learn more news about VPN, please visit: https://vpn.com/press

To learn more about Michael Gargiulo on Forbes, please visit: https://www.forbes.com/sites/forbestechcouncil/people/michaelgargiulo/

To view VPN’s Inc. Verified Profile, please visit: https://www.inc.com/profile/VPN

See More: The WAR on VPN & FREE SPEECH in Hong Kong, China Explained!

See More: VPN Remembers 9/11 by Donating ToddBeamer.com to Hero’s Family

See More: Can You Build Your Own VPN?

See LinkedIn Post: VPN.com Sells LaptopReviews.com to Digital Trends

See LinkedIn Post: Protecting-Attorney Client Privilege with a VPN

More Information: VPN.com is a worldwide leader in VPN research and statistics. The company has collected 188,000 data points across 900 VPN providers, giving people the only way to quickly review and compare hundreds of VPN providers at once. Through transparent research, extensive testing and a drive to protect the world, VPN.com will help 100 million consumers and businesses find the best privacy and security services by 2022.

In addition to VPNs, VPN.com helps countless entrepreneurs and brands the best domain name. VPN.com has bought and sold millions of dollars of domains and has helped tens of millions of people protect their privacy online. Whether you need to buy or sell, VPN help you transact your premium domain today at: vpn.com/domains

For media and interview inquiries, please email: pr@vpn.com or visit: https://www.vpn.com/press

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