Category Archives: Caribbean News

Daily regional news summary from Cuba!: The source for the latest news throughout Cuba and Caribbean.

Parkland announces acquisition of Kellerstrass Oil

News Americas, CALGARY, Alberta, Jan. 16, 2020: Parkland Fuel Corporation (“Parkland”, “We”, “Our” or “Us”) (TSX:PKI) announced today that through its wholly owned U.S. subsidiaries (collectively, “Parkland USA”), it has entered into an agreement to acquire the entities and assets comprising Kellerstrass Oil Company (collectively, “Kellerstrass”). 

Based in Salt Lake City, Kellerstrass is a regional retail dealer and commercial fuel business with branches in Utah, Idaho and Wyoming. In addition to highly efficient trucking, routing and distribution practices, Kellerstrass brings a strategic 17-car rail spur and storage assets, commercial card locks and an 84-location dealer business. Kellerstrass will complement and strengthen Parkland’s existing Rockies Regional Operating Center.

“We continue to deliver on our growth strategy and expand our U.S. footprint,” said Doug Haugh, President of Parkland USA. “We expect this acquisition will support the growth of our North America diesel platform, create supply efficiencies and deliver logistical benefits. We are delighted to enter the Idaho market and expand our presence in Wyoming and look forward to welcoming the Kellerstrass team to Parkland.”

This acquisition is at valuation metrics consistent with Parkland’s prior U.S. transactions and will be funded out of existing credit facility capacity. Pro forma the acquisition and reflecting our previously disclosed third quarter results and subsequent acquisition of the assets of Mort Distributing, Inc. and its affiliates, Parkland expects annual run-rate adjusted EBITDA of approximately C$70 million for its USA segment. The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2020. 

About Parkland

Parkland is an independent supplier and marketer of fuel and petroleum products and a leading convenience store operator. Parkland services customers across Canada, the United States, the Caribbean region and the Americas through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves. 

Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community and respect, which are embraced across our organization.

Forward-Looking Statements

Certain statements contained in this news release constitute forward-looking information and statements (collectively, “forward-looking statements”). When used in this news release the words “expect”, “will”, “could”, “would”, “believe”, “continue”, “pursue” and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, the successful completion of the acquisition of Kellerstrass and the timing thereof; expected benefits of the acquisition, including potential synergies, organic growth and acquisition opportunities; and expected run-rate adjusted EBITDA of Parkland USA following the acquisition. 

These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These forward-looking statements speak only as of the date of this news release. Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities law. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks and uncertainties including, but not limited to, failure to complete the acquisition of Kellerstrass; failure to satisfy the conditions to closing of the acquisition; failure to achieve the anticipated benefits of the acquisition; general economic, market and business conditions; industry capacity; competitive action by other companies; refining and marketing margins; the ability of suppliers to meet commitments; actions by governmental authorities and other regulators including but not limited to increases in taxes or restricted access to markets; changes and developments in environmental and other regulations; and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described in “Forward-Looking Information” and “Risk Factors” included in Parkland’s Annual Information Form dated March 27, 2019 and in “Forward-Looking Information” and “Risk Factors” in the Q3 2019 MD&A and annual MD&A dated February 28, 2019, each as filed on SEDAR and available on the Parkland website at www.parkland.ca 

Annual run-rate adjusted EBITDA is an internally-prepared estimate of annualized adjusted EBITDA which assumes full year contributions from the acquisitions to date. Annual run-rate adjusted EBITDA is a non-GAAP financial measure and may not be comparable to similar measures used by other issuers. See Parkland’s Q3 2019 MD&A and annual MD&A for further information on how Parkland calculates adjusted EBITDA and a reconciliation to the nearest IFRS measure.

The post Parkland announces acquisition of Kellerstrass Oil appeared first on Caribbean and Latin America Daily News.

Medicinal Genomics Partners with Analogic Solutions for Distribution of its Cannabis Genomic Breeding, Optimization, and Testing Platform to the Caribbean

Leading local firm driving adoption of biotechnology for yield, safety, and consistency throughout the region

BEVERLY, Mass., Jan. 6, 2020 /PRNewswire-HISPANIC PR WIRE/ — Medicinal Genomics Corp. (MGC), a pioneer in genomics and blockchain technology to improve the yield, safety, and transparency of cannabis, today announced its partnership with Analogic Solutions as its distributor of record for the Caribbean region. Analogic is headquartered in Trinidad and is at the forefront of supplying the latest cannabis breeding and testing technology to the up-and-coming industry throughout the islands.

Following Jamaica’s lead, many other Caribbean nations, including Trinidad, are also implementing decriminalization reforms and establishing medical and adult use cannabis programs. But just as in many other global nascent markets, including the U.S., regulations lag advances made by science and technology.

“Education is critical to the acceleration of our learning curve,” said Lorca Gatcliffe-Farah, Analogic Solutions’ CEO. “We chose MGC because their technology is the most advanced and also because of the human energy that they bring to their relationships. This is a valuable element to us. MGC goes beyond technological rigidity and the predictions of future growth, instead, they are always conscientious of the impact that our collective efforts are having on people’s lives. Our in-house expertise with Genomics coupled with our intent to develop the Caribbean region created the right environment for this partnership to flourish.”

“Unlike many local firms, Analogic has a global perspective on the industry, and as such, are advocates for more education and the latest methods for economically producing clean and consistent products—not simply because regulations mandate it, but because that’s one of the prerequisites for a thriving medical market,” said Brendan McKernan, CEO of Medicinal Genomics. “They also recognize that a lack of regulation supports a thriving illegal market, and how products that are certified to be safe and consistent are the ultimate differentiator, particularly when people’s lives are at risk. Everything about Analogic Solutions makes them the right partner for us.”

Given the ideal growing conditions and abundance of heritage cultivars in the Caribbean, all predictors point to robust growth for the region, which Analogic Solutions is fully intending to capitalize on. “Given the scale of some of our customers’ operations, we quickly realized that we had to offer a full testing and breeding solution,” Gatcliffe-Farah said. “Our customers are importing experts from around the world, and we see the value in improving our offerings and staff to locally achieve the same results.”   

About Analogic Solutions
Analogic Solutions is a Trinidad and Tobago based Company who has been the sole distributer within the Caribbean region for Agilent Technologies’ Genomics, Life Sciences and Chemical Analysis Products Group (formerly Hewlett Packard) since 1998. The Company grew from having two employees at the start to now having three departments consisting of fifteen employees and four support service providers, all involved in the continuous and systematic supply and service of Precision Life Sciences Solutions to our customers within the Caribbean region.  Analogic has also partnered with a host of specialized and reputable Chemical Analysis Solutions Providers in order to meet the goal of giving our customers access to the very best tools, supplies and technological support for their business operations. Recently the Company established a Branch Office in Jamaica which is a part of the continuous development plans that is being pursued for the year 2020 and beyond. 

About Medicinal Genomics Corporation 
Medicinal Genomics Corporation is a pioneer in advancing the genomics of cannabis to build a stronger scientific foundation for cannabis-based products. The company’s unmatched expertise in genetic science helps cultivators, dispensaries and testing laboratories characterize and understand the quality and consistency of cannabis to ensure patients and consumers have access to consistently safe, high quality cannabis. To support their mission, Medicinal Genomics also produces CannMed, an annual gathering of cannabis leaders, dedicated to the scientific advancement of the cannabis industry, and Kannapedia, the world’s most complete public cannabis cultivar database. For more information, please visit www.medicinalgenomics.com.

The post Medicinal Genomics Partners with Analogic Solutions for Distribution of its Cannabis Genomic Breeding, Optimization, and Testing Platform to the Caribbean appeared first on Caribbean and Latin America Daily News.

The Caribbean’s First Non-Profit Investigative News Network Launches

-CIJN releases four hard-hitting investigations-

KINGSTON, Jamaica, Jan. 6, 2020 /PRNewswire-HISPANIC PR WIRE/ — The Caribbean Investigative Journalism Network (CIJN) just launched with the unveiling of four deep dive exposés produced by over a dozen Caribbean journalists. CIJN is a project of the Media Institute of the Caribbean (MIC) which is headquartered in Kingston, Jamaica.

The four long-form multimedia investigative stories were led by former Los Angeles Times publisher and editor, Davan Maharaj; former CNN anchor and correspondent, Jim Clancy; senior Caribbean journalist, Wesley Gibbings; and Caribbean-based media executive, Kiran Maharaj.

Maharaj, President of MIC and Co-founder of CIJN, said the CIJN initiative was meant to “create space for our Caribbean region on the global map of quality investigative reporting…. in small island nations we are straddled with the constraints of lack of resources, and the constant fear that our identities will be known and our lives at risk.”

The ISIS story reveals a trail of activities related to the recruitment of Islamist militants by a network of organizations in the twin-island state.

Human Trafficking in Plain Sight explores the sordid realities of human trafficking arising out of the turmoil in Venezuela. The existence of criminal networks working in tandem with corrupt police, immigration authorities and businesses is investigated in harrowing detail.

The team’s investigation of heavy Chinese investments in the Caribbean traces the growing influence of the Asian economic giant on regional development. Using supporting data, the story examines the impact of opaque investments in Caribbean mega-projects on a legacy of debt and geo-political influence in the Americas.

CIJN reviews the ill-fated PetroCaribe energy deals with the Caribbean; unravelling details on how an oil alliance founded by Chavez to confront U.S. influence in the Caribbean collapsed into broken deals, dashed hopes and rampant corruption.

Speaking at the launch, Jamaica correspondent, Steffon Campbell, said he saw the regional network of investigative journalists as being capable of seeing “the bigger picture; a regional picture; a transnational picture.”

MIC is a member of the Global Investigative Journalism Network (GIJN), Global Forum for Media Development (GMFD), Institute for Non-Profit News (INN) and the International Press Institute (IPI). Its Advisory Board comprises leading media leaders, journalists and media development players from North America, Europe and the Caribbean.

CIJN stories can be accessed at cijn.org. All content can be freely republished with attribution and without amendment. For more information email: cijninfo@gmail.com.

The post The Caribbean’s First Non-Profit Investigative News Network Launches appeared first on Caribbean and Latin America Daily News.

Forced Religious Conversion Becomes an International Human Rights Problem

News Americas, WASHINGTON, D.C., Dec. 20, 2019: On 19 November, the Italian Center for Studies on New Religions (CESNUR) and the Belgien Human Rights Without Frontiers (HRWF) hosted a seminar on human rights entitled “Intolerance and Discrimination Against New Religious Movements: An International Problem” in Seoul, South Korea.

The seminar was devoted to the protection of the rights of religious minorities with a special focus on forced conversion cases in Korea. Forced conversion, also known as “deprogramming”, is a violation of human rights. Proponents of forced conversion kidnap and detain members of religious groups labeled as “cults” in an effort to compel them to abandon their faith.

More than 80 participants including legal experts, journalists, and civil society representatives reviewed the current situation of forced conversion and discussed solutions to defend the freedom of faith and human rights that have become the norm of the international community.

Massimo Introvigne, Managing Director of CESNUR as well as an Italian sociologist, stressed how, “Korean deprogrammers are specialized pastors from mainstream churches, most of them Presbyterian. The protests that commemorate the victims from forced conversion were mentioned in the 2019 U.S. State Department Report on Religious Freedom. The report cited examples of how forced conversions violated religious freedom in 2018. However, there were new cases of deprogramming even after their death,” he criticized.

Regarding the multi-dimensional strategy to solve such phenomenon, Willy Fautré, Founder and

Director of HRWF stated several suggestions; pointing at the responsibility of the leadership of the Presbyterian Church which tolerates, endorses, and maybe encourages such a practice; developing advocacy at the United Nations and in organizations defending freedom of religion or belief; prosecuting those who encourage people to perpetrate an act of abduction and confinement.

In an open letter, signed by 15 international NGOs including CAP-LC and HRWF, to the South Korean President Moon Jae In on July 24 th , it said, “South Korea may well be the last democratic country in the world where deprogramming is still tolerated” and asked the President to “investigate in-depth accusations of forcible deprogramming, put a stop to this obnoxious practice, and hold those responsible fully accountable.”

As an elected member of the United Nations Human Rights Council, South Korea vowed “to participate in international efforts to respond to human rights crises around the world.” Seminar participants urged the Korean government to respond to the issue of forced conversion which is still threatening the human rights of its people.

The post Forced Religious Conversion Becomes an International Human Rights Problem appeared first on Caribbean and Latin America Daily News.

Canada Life Reinsurance enters into €12bn longevity risk reinsurance agreement with Aegon

WINNIPEG, Manitoba, Dec. 19, 2019 /CNW/ -Canada Life Reinsurance is pleased to announce that it has recently entered into a long-term longevity reinsurance agreement with Aegon covering €12 billion of in-force liabilities. Close to 200,000 of in-payment and deferred pensioners will be reinsured by Canada Life Reinsurance under this agreement.

Jeff Poulin, Global Head of Canada Life Reinsurance, commented, “This transaction is the result of a great effort by both our team and Aegon’s team and highlights Canada Life Reinsurance’s strength as a partner for reinsurance longevity transactions globally”.  Derek Popkes, Chief Operating Officer at Canada Life Reinsurance, added “We are delighted to grow and diversify our global longevity portfolio by working with Aegon to deliver a transformational longevity transaction tailored to their specific requirements.  We will continue to innovate and work in partnership with our valued clients to deliver the best risk transfer solutions matching their objectives.”

Canada Life Reinsurance offers a range of innovative risk and capital management solutions covering mortality, longevity, health and lapse risks for insurers, reinsurers and pension funds across the U.S. and Europe, including the Netherlands, the U.K., France, Germany, Italy, Spain, Portugal, Sweden, Belgium and Ireland.

About Aegon
Aegon’s roots go back 175 years – to the first half of the nineteenth century. Since then, Aegon has grown into an international company, with businesses in more than 20 countries in the Americas, Europe and Asia. Today, Aegon is one of the world’s leading financial services organizations, providing life insurance, pensions and asset management. Aegon’s purpose is to help people achieve a lifetime of financial security. More information on www.aegon.com.

About Canada Life Reinsurance
Canada Life Reinsurance is a division of The Canada Life Assurance Company and certain of its subsidiaries and affiliates. The Canada Life Assurance Company is a subsidiary of Great-West Lifeco Inc.

About Great-West Lifeco
Great-West Lifeco Inc. (TSX:GWO) is an international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. Great-West Lifeco has operations in Canada, the United States, Europe and Asia through Canada Life, Empower Retirement, Putnam Investments, and Irish Life. At the end of 2018, our companies had approximately 24,200 employees, 240,000 advisor relationships, and thousands of distribution partners – all serving our more than 31 million customer relationships across these regions.
Great-West Lifeco and its companies have €1.1 trillion (approximately C$1.6 trillion) * in consolidated assets under administration and are members of the Power Financial Corporation group of companies.

*as at September 30, 2019

The post Canada Life Reinsurance enters into €12bn longevity risk reinsurance agreement with Aegon appeared first on Caribbean and Latin America Daily News.

Moore Bahamas Foundation Announces $300,000 in Grants for Hurricane Dorian Relief

New grants are part of conservation philanthropist Louis Bacon’s million-dollar commitment to humanitarian relief and environmental and economic recovery in The Bahamas 

NASSAU, Bahamas, Dec. 18, 2019 /PRNewswire-HISPANIC PR WIRE/ — The Moore Bahamas Foundation (“Moore Bahamas”) today announced $300,000 in new grants for Hurricane Dorian relief and recovery, part of $1 million in support pledged by conservation philanthropist Louis Bacon.

The new grants follow Moore Bahamas’ funding for emergency aid immediately after the hurricane and a post-hurricane needs assessment. The grants will help address continuing emergency needs and accelerate recovery of The Bahamas’ spectacular ecosystems and its economy.

“In the wake of Dorian’s destruction, our goal is to support families as they reconstruct the best possible future for themselves and their communities,” said Mr. Bacon, chairman of The Moore Charitable Foundation and Moore Bahamas, its local affiliate. “By supporting environmental restoration and humanitarian relief alike, Moore Bahamas hopes to help the people of Grand Bahama and Abaco get their lives and their economy back on track.”  

Moore Bahamas is supporting organizations that are deploying recovery resources over the next year, including a partnership with the Bahamas National Trust (BNT) to conduct ecosystem damage assessments for the maritime and mangrove habitats of Grand Bahama and Abaco.

“The post-storm assessments funded by the Moore Bahamas Foundation will guide how and where to make the most impactful habitat restoration investments,” said Shelley Cant-Woodside, BNT’s Director of Science. “In addition to fueling The Bahamas’ tourism economy, healthy ecosystems play a crucial role in buffering our communities against the effects of future storms.”

A list of grantees is below. A complete list of the 2019 grants made by Moore Bahamas is available here.

Bahamas National Trust (BNT)

Bahamas Reef Environmental Education Foundation (BREEF)

Friends of the Environment in Abaco (Friends)

GiveDirectly

Grand Bahama Disaster Relief Foundation (GBDRF)

International Medical Corps (IMC)

Paradise Fund

Ranfurly Home for Children

Waterkeepers Bahamas

Waves For Water (W4W)

About The Moore Bahamas Foundation
The Moore Bahamas Foundation, the Bahamas affiliate of The Moore Charitable Foundation, founded by Louis Bacon in 1992, supports organizations committed to marine conservation, working with partners including Waterkeepers Bahamas; The Cape Eleuthera Institute; The Nature Conservancy Caribbean Program – Bahamas; The Bahamas National Trust, and Oceans 5.  Learn more about the Moore Charitable Foundation at www.moorecharitable.org.

Follow: @MooreCharitable

The post Moore Bahamas Foundation Announces $300,000 in Grants for Hurricane Dorian Relief appeared first on Caribbean and Latin America Daily News.

What You Should Know About Political Wagers

News Americas, NEW YORK, NY, Thurs. Dec. 5, 2019: There was a reported $50 million wagered on the 2012 U.S. presidential race, and over $120 million placed in bets as bettors tried to find a way to make money off the heated 2016 presidential contest. As the 2020 American political campaign gets ready to push forward, many people wonder how they can find a way to understand the political system of gambling in a turbulent and chaotic arena that has been sparked by the political betting world. Understanding the system that created online betting and how the media fashions opinions may be one of the safest of foundations.

Is Gambling Legal in the United States?

Before 2018, Americans were only allowed to place wagers in Montana,
Nevada, Delaware, and Oregon. New Jersey sued the U.S. government over the
federally restrictive law called the Professional and Amateur Sports Protection
Act and won in 2018. New Jersey’s win created the possibility of legally betting on politics in America that was determined by the individual states, rather than the
government. There are lists on the internet that identify which states have
legal web-based gambling, and which states are fighting for more rights.

How Does the Media Influence Wagers?

The media claimed to research the voters for weeks before the 2016
presidential race, and the headlines all asserted the same thing – Hillary was
supposed to win by a landslide. Many novice bettors got sucked
into the excitement of the claims
, and many others
trusted the authoritative voices of the news organizations to provide valuable
insight into what the collective mindset was. The harsh reality was that the
media failed, and many people that trusted the media’s insights and voice on
the politics of those 2016 candidates lost a great deal of money. How did it
happen? Some say it was hubris, others claim the surveyed groups lied, and
still others believe the media moguls were trying to sway the election with
inaccurate headlines. Although the American people will
never know
 what caused the media results
to be so wrong for the first time, many learned a valuable lesson about trusting
what others say about the collective consciousness. Making your own political
decisions, based on your own research, is the best option when placing a
political wager.

How Can You Understand Betting Odds?

Once you have determined what the laws say about betting in your state, find an online company with a
comprehensive guide that can explain how the betting process works. Although it
can seem quite confusing at first, it can actually be a simple mathematical
formula. If the odds are placed as +150 and you placed a $100 bet, you would
win $150 if your candidate won. If you bet $150 on someone with the -150 odds
base, you would lose $50 for a $100 wager. In other words, the [-] before a bet
implies that person is a favorite in the race, while a [+] shows that the
person listed is considered an underdog in that political contest.  It is
all based on the world of implied probability, or the collective chance of that
candidate winning the race.

Whether you choose to bet from home in the middle
of the night or first thing in the morning before you head out the door to
work, online betting makes the task an easy one. If you want to become a
long-term bettor, however, you need to understand betting odds and how the
implied probabilities work. You must also decide for yourself who to bet for or
against after you make sure your state allows legal gambling.

AUTHOR ALBERT COOPER

Avatar

ALBERT COOPER

Albert Cooper is a known content writer from California, USA. He writes content in different niches such as social media marketing, finance, business, etc. He is a daytime blogger and night time reader currently working as a chief content advisor for some business and finance groups. He enjoys pie, as should all right-thinking people.

The post What You Should Know About Political Wagers appeared first on Caribbean and Latin America Daily News.

The Medicinal Cannabis Authority of St. Vincent and the Grenadines selects Ample Organics for National Cannabis Tracking System

TORONTO, Dec. 5, 2019 /CNW/ – Ample Organics Inc. and the Medicinal Cannabis Authority (“MCA”) in Saint Vincent and the Grenadines, together, are proud to announce their partnership to strengthen the medicinal cannabis industry in Saint Vincent and the Grenadines by activating AmpleCentral™ — the world’s first national Cannabis Tracking System built for regulators.

Leveraging its extensive cannabis industry domain expertise at the federally regulated level, Ample Organics will be providing sound industry-wide advice to the MCA as the medicinal cannabis industry emerges in St. Vincent and the Grenadines. Together, a two-phase approach will be established to facilitate the rapid rollout of the new medicinal cannabis program. Initially, the Ample Organics seed-to-sale software platform will be deployed to empower the MCA, along with physicians and pharmacists, to register and service medicinal cannabis patients. This software platform is the trusted solution serving the world’s largest cannabis companies and over 70% of Canadian License Holders. Concurrently, Ample Organics will be working closely with the MCA and stakeholders to customize and deploy AmpleCentral™ specifically for St. Vincent and the Grenadines. A first-of-its-kind jurisdictional track-and-trace database, AmpleCentral™ is designed for governments to facilitate sophisticated reporting and to assist regulators with ensuring compliance, verifying product quantity and quality, taxation, and preventing diversion and inversion. This technology connects data points across the national cannabis supply chain, providing regulators with the information necessary to assure public, product, and patient safety. 

“We believe that this is a hugely important milestone,” says John Prentice, President and CEO of Ample Organics. “It will be the very first implementation of a true national tracking system within the cannabis industry anywhere in the world, and it has allowed us the opportunity to engage with government agencies across the globe as new markets arise. With the support of the Government of Canada, we are building AmpleCentral™ to empower other federal governments to regulate, monitor, and monetize their cannabis industries effectively. This public-private partnership enables the MCA to leverage our unique and extensive expertise operating compliance systems on a national scale. St. Vincent and the Grenadines’ well-thought-out and comprehensive regulatory framework, should, and will, serve as a model for the CARICOM nations and any other national jurisdiction considering a forward-thinking cannabis program.”

“We are establishing this industry with the mantra that a ‘Medicinal Cannabis Industry begins with Science and Technology,’” says Dr. Jerrol Thompson, CEO of the Medicinal Cannabis Authority. “That is why we are taking this bold lead to invest, and an early stage, in a Central Inventory Management Traceability system that will: (1) eliminate diversion; (2) facilitate real-time supply chain reporting; (3) support our banking solution and compliance regime; (4) and provide a safety net for product recall.”

Over the past few months, as part of a government mandate, the MCA has rolled out an innovative country-wide education program providing theoretical and practical training to indoor and outdoor cultivators, including industry best-practices and Good Agricultural and Collection Practices (GACP). Ample Organics is dedicated to sharing the responsibility to foster an educated and informed cannabis industry, and therefore, will provide AmpleLearn™ as a way to administer education programs to enhance the training and education available.                        

“One of the reasons we have chosen to work with the Medicinal Cannabis Authority in St. Vincent and the Grenadines is their commitment to ensuring a successful cannabis industry through education,” says Tom Ritchie, VP of Accounts & Education at Ample Organics. “It is vital to us that traditional cultivators have proper educational tools available to them so that they, too, can thrive in a regulated cannabis industry. As the first in the world to develop a certification program for seed-to-sale software operators, we have the know-how to help administer education and training programs by leveraging AmpleLearn™, our online Learning Management System. We are committed to supporting the initiatives that the MCA is launching and look forward to the future.”

About Ample Organics: 
Founded in 2014, Ample Organics is adopted by more Canadian Licensed Holders than any other cannabis software solution. A complete ecosystem for cannabis businesses, the technology platform makes compliance easy by tracking individual plants from seed to consumer and reporting every detail of the growth, production, and sales processes. Our team of cannabis industry and technology experts designed the platform to facilitate compliance and transparency, while enhancing overall business efficiency and operational intelligence. The software continues to be the most trusted solution for cannabis producers, manufacturers, distributors, physicians, clinics, laboratories, retailers, and educators.
Visit AmpleOrganics.com.  

About the Medicinal Cannabis Authority:
The Medicinal Cannabis Authority was established through the Medicinal Cannabis Industry Act, 2018. It is a body corporate with a mandate to regulate the cultivation, supply, possession, production and use of cannabis for medicinal purposes. This mandate forms part of the Government of St. Vincent and the Grenadines’ vision to establish a well-regulated export-oriented medicinal cannabis industry.
Visit MCA.VC.

The post The Medicinal Cannabis Authority of St. Vincent and the Grenadines selects Ample Organics for National Cannabis Tracking System appeared first on Caribbean and Latin America Daily News.

The Medicinal Cannabis Authority of St. Vincent and the Grenadines selects Ample Organics for National Cannabis Tracking System

TORONTO, Dec. 5, 2019 /CNW/ – Ample Organics Inc. and the Medicinal Cannabis Authority (“MCA”) in Saint Vincent and the Grenadines, together, are proud to announce their partnership to strengthen the medicinal cannabis industry in Saint Vincent and the Grenadines by activating AmpleCentral™ — the world’s first national Cannabis Tracking System built for regulators.

Leveraging its extensive cannabis industry domain expertise at the federally regulated level, Ample Organics will be providing sound industry-wide advice to the MCA as the medicinal cannabis industry emerges in St. Vincent and the Grenadines. Together, a two-phase approach will be established to facilitate the rapid rollout of the new medicinal cannabis program. Initially, the Ample Organics seed-to-sale software platform will be deployed to empower the MCA, along with physicians and pharmacists, to register and service medicinal cannabis patients. This software platform is the trusted solution serving the world’s largest cannabis companies and over 70% of Canadian License Holders. Concurrently, Ample Organics will be working closely with the MCA and stakeholders to customize and deploy AmpleCentral™ specifically for St. Vincent and the Grenadines. A first-of-its-kind jurisdictional track-and-trace database, AmpleCentral™ is designed for governments to facilitate sophisticated reporting and to assist regulators with ensuring compliance, verifying product quantity and quality, taxation, and preventing diversion and inversion. This technology connects data points across the national cannabis supply chain, providing regulators with the information necessary to assure public, product, and patient safety. 

“We believe that this is a hugely important milestone,” says John Prentice, President and CEO of Ample Organics. “It will be the very first implementation of a true national tracking system within the cannabis industry anywhere in the world, and it has allowed us the opportunity to engage with government agencies across the globe as new markets arise. With the support of the Government of Canada, we are building AmpleCentral™ to empower other federal governments to regulate, monitor, and monetize their cannabis industries effectively. This public-private partnership enables the MCA to leverage our unique and extensive expertise operating compliance systems on a national scale. St. Vincent and the Grenadines’ well-thought-out and comprehensive regulatory framework, should, and will, serve as a model for the CARICOM nations and any other national jurisdiction considering a forward-thinking cannabis program.”

“We are establishing this industry with the mantra that a ‘Medicinal Cannabis Industry begins with Science and Technology,’” says Dr. Jerrol Thompson, CEO of the Medicinal Cannabis Authority. “That is why we are taking this bold lead to invest, and an early stage, in a Central Inventory Management Traceability system that will: (1) eliminate diversion; (2) facilitate real-time supply chain reporting; (3) support our banking solution and compliance regime; (4) and provide a safety net for product recall.”

Over the past few months, as part of a government mandate, the MCA has rolled out an innovative country-wide education program providing theoretical and practical training to indoor and outdoor cultivators, including industry best-practices and Good Agricultural and Collection Practices (GACP). Ample Organics is dedicated to sharing the responsibility to foster an educated and informed cannabis industry, and therefore, will provide AmpleLearn™ as a way to administer education programs to enhance the training and education available.                        

“One of the reasons we have chosen to work with the Medicinal Cannabis Authority in St. Vincent and the Grenadines is their commitment to ensuring a successful cannabis industry through education,” says Tom Ritchie, VP of Accounts & Education at Ample Organics. “It is vital to us that traditional cultivators have proper educational tools available to them so that they, too, can thrive in a regulated cannabis industry. As the first in the world to develop a certification program for seed-to-sale software operators, we have the know-how to help administer education and training programs by leveraging AmpleLearn™, our online Learning Management System. We are committed to supporting the initiatives that the MCA is launching and look forward to the future.”

About Ample Organics: 
Founded in 2014, Ample Organics is adopted by more Canadian Licensed Holders than any other cannabis software solution. A complete ecosystem for cannabis businesses, the technology platform makes compliance easy by tracking individual plants from seed to consumer and reporting every detail of the growth, production, and sales processes. Our team of cannabis industry and technology experts designed the platform to facilitate compliance and transparency, while enhancing overall business efficiency and operational intelligence. The software continues to be the most trusted solution for cannabis producers, manufacturers, distributors, physicians, clinics, laboratories, retailers, and educators.
Visit AmpleOrganics.com.  

About the Medicinal Cannabis Authority:
The Medicinal Cannabis Authority was established through the Medicinal Cannabis Industry Act, 2018. It is a body corporate with a mandate to regulate the cultivation, supply, possession, production and use of cannabis for medicinal purposes. This mandate forms part of the Government of St. Vincent and the Grenadines’ vision to establish a well-regulated export-oriented medicinal cannabis industry.
Visit MCA.VC.

The post The Medicinal Cannabis Authority of St. Vincent and the Grenadines selects Ample Organics for National Cannabis Tracking System appeared first on Caribbean and Latin America Daily News.

ECCB and Toronto Centre Lead Workshop on “Coping with Climate Change and Other Environmental Risks”

News Americas, BASSETERRE, St. Kitts and Nevis, Dec. 02, 2019: At the request of, and in partnership with, the Eastern Caribbean Central Bank, Toronto Centre is holding its first five-day cross-cutting climate risk workshop. The workshop is aimed at helping financial sector supervisors and regulators identify the risks that climate change and other environmental factors pose to financial institutions, economies, consumers and vulnerable groups. Participants will learn how to develop action plans to deal with climate change and other environmental risks, and how to identify and communicate effectively with key stakeholders to achieve results.

The IMF’s Global Financial Stability Report, 2019 prominently highlights climate risk as a risk to financial stability. In addition to examining the nature of these risks and their potential effects, the program identifies steps that supervisors and financial institutions can take to deal with these risks. Product design, investment, lending, and strengthening risk management and stress testing are areas that supervisors and financial institutions can explore. The workshop additionally highlights steps that could be taken to manage risks to consumers, such as improving financial literacy and inclusion.

Timothy N.J. Antoine, Governor of the Eastern Caribbean Central Bank (ECCB) said: “As the custodians of the payment system, our Central Bank is advocating for and facilitating disaster and climate resilience strategies inclusive of investment in physical and digital infrastructure, early warning systems, and fiscal resilience. ECCB is pleased to host this inaugural workshop on coping with climate change and other environmental risks and key actions that can be taken by supervisors and those they supervise to deal with these risks. Toronto Centre’s capacity building efforts are essential as financial sector supervisors and regulators in our region tackle these risks.”

Babak Abbaszadeh, CEO and President, Toronto Centre said: “Climate risk is an emerging risk for financial policy makers, standard setters, and supervisors. Toronto Centre applauds the ECCB’s initiative and leadership to be an early mover in building their capacity to deal with climate risk.”

LEARN MORE

www.eccb-centralbank.org/

The Eastern Caribbean Central Bank (ECCB) was established in October 1983. It is the monetary authority for a group of eight small country economies namely – Anguilla, Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines.
            
The Agreement establishing the ECCB as the monetary authority for the eight ECCB participating governments was signed on 5 July 1983 in Trinidad and Tobago. The ECCB was officially commissioned on 1 October 1983, replacing the Eastern Caribbean Currency Authority (ECCA) which was established in March 1965.
            
The primary objective of the ECCB is to maintain the stability of the Eastern Caribbean Currency and the integrity of the banking system.

LEARN MORE

www.torontocentre.org

Established in 1998, Toronto Centre for Global Leadership in Financial Supervision (Toronto Centre) is an independent not-for-profit organization that promotes financial stability and access to financial services globally. Our mission is to provide high quality capacity building programs for financial supervisors and regulators, primarily in emerging markets and developing countries. We believe that for countries to thrive, their financial systems must be stable and inclusive. Our mission supports sustainable growth and job creation and helps to reduce poverty by helping to build these economic foundations. In turn, stable, sustainable economic growth is a vital enabler of infrastructure investments, strengthening international trade and reducing poverty as confirmed by the UN 2030 Sustainable Development Goals and the Addis Ababa Action Agenda, Financing for Development. Our mission is aligned with Canada’s Feminist International Assistance Policy. Since our inception, we have trained more than 12,000 supervisors and regulators from over 190 jurisdictions. Toronto Centre is supported by Global Affairs Canada, the International Monetary Fund, Swedish International Development Cooperation Agency (Sida), Comic Relief, Jersey Overseas Aid, and other valuable international partners.

The post ECCB and Toronto Centre Lead Workshop on “Coping with Climate Change and Other Environmental Risks” appeared first on Caribbean and Latin America Daily News.