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Lotto Max

Saturday December 21 st 2019

MONTRÉAL, Dec. 21, 2019 /CNW Telbec/ - The total prize pool for the Lotto Max draw on Tuesday, December 24 will be about $59 million. That includes a jackpot of $55 million and approximately 4 prizes of $1 million (Maxmillions).

For each Maxmillions, an additional selection of 7 numbers between 1 and 50 is drawn. These selections are not decomposable and prizes may be shared by winners.

SOURCE Loto-Québec

Fondaction Suspens Lump-Sum Contributions Until May 31, 2020

Tuesday December 17 th 2019

MONTREAL, Dec. 17, 2019 /CNW Telbec/ – Effective today, December 17, at 12:01 a.m., and until the end of the fiscal year ending May 31, 2020, Fondaction will no longer accept lump-sum contributions.

Contributions through systematic savings, i.e. via payroll deductions or preauthorized debits, are not affected by this suspension. The systematic savings method is available at any time. Shareholders can still contribute by preauthorized debit, up to a maximum of $416 per month. Any new shareholder interested in that form of saving should contact Fondaction.

To benefit from payroll deduction, employees must ask their employer to register them for it.

Fondaction must comply with the imposed limit on the number of shares it can issue, which is $280 million for subscriptions during its 2019–2020 fiscal year.

The value of and return on Fondaction shares fluctuate; past performance is not indicative of future results. Before investing and for further information, be sure to consult the prospectus at fondaction.com.

About Fondaction 
Fondaction distinguishes itself through its investments, which are aimed at supporting, promoting and encouraging sustainable development. It manages assets in excess of $2 billion collected as retirement savings from more than 170,000 shareholders.
Fondaction supports the development of more than 1,200 SMEs, many of which are social economy enterprises. It helps create and maintain jobs and reduce inequalities, and contributes to the fight against climate change. Fondaction reduced the carbon footprint of its equity market investments by 51% between 2015 and 2018. For more information, go to fondaction.com or visit our LinkedIn page.

SOURCE Fondaction

Isracann Advances New Partnership with Late Stage Cannabis Farm in Israel

VANCOUVER, British Columbia, Dec. 17, 2019 (GLOBE NEWSWIRE) — Isracann Biosciences Inc. (CSE: IPOT) (XFRA: A2PT0E) (OTC: ISCNF) (the “Companyâ€�) an Israel-based company focused on becoming a premier low cost, high quality cannabis producer for both domestic and European export sales, is pleased to announce it has entered into an MOU for a joint venture with an additional farm property consisting of a late stage buildout of a cannabis cultivation facility in an agricultural centre proximal to several licensed producers (LP’s) west of Be’er Sheva, Israel (the “Be’er Sheva Farmâ€�). Under the joint venture, the Company will capitalize the buildout of the remaining construction in return for an economic interest in the project in compliance with Israeli laws. Terms of the joint venture will be released upon signing of a definitive agreement, which is subject to continued due diligence of the Be’er Sheva Farm by the Company.

The Be’er Sheva Farm consists of over 880,000 sq. ft. of agricultural land with two recently assembled steel greenhouse structures having a footprint of nearly 200,000 sq. ft. Upon full build-out the facility will represent an approximate 100% increase in the Company’s current potential production capacity from its existing Nir Israel farm. The Be’er Sheva Farm also provides unused land with the potential for four times cultivation expansion capability. The new facility is designed to cannabis production standards and is ready to be enclosed with high quality application-specific polycarbonate cladding. The facility has all construction and land use permits in-place and an experienced and knowledgeable cultivation team which has local agronomic expertise with regional cannabis operations.

Isracann CEO Darryl Jones advises, “Our agronomic consultants brought this enterprise to our attention recently and the economics of the opportunity impressed us enough to move quickly to lock in a partnership. The facility is poised to greatly expand our existing footprint and advances our timeline to production by several months.�

Isracann has moved quickly to develop a definitive agreement subject to completion of commercial due diligence. A preliminary assessment by Isracann’s agronomic team projects full scale planting during the upcoming 2020 spring season. Initial production projections indicate a first-year yield consistent with the Company’s Nir Israel farm projected output.

Matt Chatterton, VP Operations for Isracann recently visited the Be’er Sheva Farm and comments, “We’ve been evaluating several opportunities to expedite our commercialization plans and based on my inspection of the property this farm offers the ability to shorten our time-to-market. The fundamentals are already in place, including building permits, and the basic infrastructure is already constructed which accelerates timing. Once we conclude our due diligence efforts, the proposed plan will be to advance the technical efforts including completion of the greenhouse and concurrently implementing a project characterization strategy in preparation to planting. There is still a lot of work to complete, but our efforts at our Nir Israel farm have already provided us with regional business relationships, experienced advisors, and extensive preparations that we can readily extend and implement across both locations.�

“The region has already proven suitable for high quality cannabis production,� continues Company CEO Jones. “Of significant interest is that the farm operator will participate in the arrangement and is a highly experienced manager of cost effective large-scale agricultural operations within the region. There are also several corporate and economic advantages open to us as we move ahead to finalize our definitive agreement. The opportunity to achieve production sooner than anticipated is a very attractive part of this strategic acquisition and directly reflects our commitment to our partners, stakeholders and shareholders alike as we grow our presence as cannabis industry leaders in Israel.�

ON BEHALF OF THE BOARD OF DIRECTORS

“Darryl Jones�

Darryl Jones
Chief Executive Officer and President

About Isracann Biosciences Inc. (CSE: IPOT) (XFRA: A2PT0E) (OTC: ISCNF)
Isracann is an Israeli-based cannabis company focused on becoming a premier cannabis producer offering low-cost production targeting undersupplied, major European marketplaces. Based in Israel’s agricultural sector, Isracann will leverage its development within the most experienced country in the world with respect to cannabis research. The Company has secured agreements within Israel for medicinal marijuana cultivation. For more information visit: www.isracann.com.

The CSE does not accept responsibility for the adequacy or accuracy of this release.

All statements, other than statements of historical fact, included herein 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. Important factors that could cause actual results to differ, materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Canadian Securities Exchange, the British Columbia Securities Commission, the Ontario Securities Commission, and the Alberta Securities Commission.

Contact
Investor Relations
Toll Free: +1 855.205.0226
Email: inquiries@isracann.com
Web: www.isracann.com

Cubic Brings PayPal Payments to Rhein-Main-Verkehrsverbund Expanding Payment Options for Travelers in Germany

Monday December 16 th 2019

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Cubic Corporation (NYSE: CUB) today announced its Cubic Transportation Systems (CTS) business division integrated PayPal as a new payment option for the Rhein-Main-Verkehrsverbund’s (RMV) mobile ticketing platform. RMV is the operator of one of Germany’s largest public transport networks and is also one of Europe’s largest transport associations. Payments with PayPal are enabled for the Rhine-Main area in the State of Hesse, the metropolitan and rural area around Frankfurt.

“It’s great to be able to expand our collaboration with RMV to give travelers more flexibility in how they pay for their journeys,â€� said Stefan Jacobs, general manager, CTS Deutschland GmbH. “We were able to help RMV reach 20 million ticket sales earlier this year and are going one step further in mobile innovation by adding PayPal. We’re delighted to continue working with RMV to incorporate new features that will benefit travelers.â€�

Cubic integrated PayPal into the RMV app and mobile back office system. It is the first time that weekly and monthly passes can be purchased through a smartphone for the RMV ticketing system.

The collaboration will optimize the existing mobile ticketing service which has been in operation for close to 10 years, accommodating PayPal customers who wish to use this payment method when using the RMV. This will make it possible for travelers who prefer and regularly use PayPal to pay for their journeys, increasing convenience and encouraging ridership. RMV provides bus and train services for an annual ridership of 788 million.

PayPal has 23 million active accounts in Germany. Along with regular users of the RMV, the integration will also make it easier for travelers using a different currency to pay for their tickets, due to PayPal’s global reach and availability in more than 200 markets worldwide.

About Cubic Corporation

Cubic is a technology-driven, market-leading provider of integrated solutions that increase situational understanding for transportation, defense C4ISR, and training customers worldwide to decrease urban congestion and improve the militaries’ effectiveness and operational readiness.
Our teams innovate to make a positive difference in people’s lives. We simplify their daily journeys. We promote mission success and safety for those who serve their nation. For more information about Cubic, please visit the company’s website at www.cubic.com or on Twitter @CubicCorp.

XYF LOSS NOTICE: TOP RANKED ROSEN LAW FIRM Announces Filing of Securities Class Action Lawsuit Against X Financial

Sunday December 15 th 2019

NEW YORK, Dec. 14, 2019 /PRNewswire/ — Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of X Financial (NYSE: XYF) pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with X Financial’s September 2018 initial public stock offering (the “IPO”). The lawsuit seeks to recover damages for X Financial investors under the federal securities laws.

Rosen Law Firm, P.A. Logo

To join the X Financial class action, go to https://www.rosenlegal.com/cases-register-1733.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.

According to the lawsuit, the Registration Statement featured false and/or misleading statements and/or failed to disclose that: (1) the Company’s total loan facilitation amount was not growing, but rather was contracting; (2) the number of investors actively using X Financial’s platform was shrinking; (3) demand from small- and medium-sized enterprises for the Company’s Xiaoying Preferred Loans (“preferred loans”) was plummeting; (4) the Company’s preferred loans had performed so poorly that it had begun drastically scaling back its preferred loans in the first quarter of 2018, several months before the IPO, and was in the process of phasing out such loans completely; (5) demand for the Company’s Xiaoying Card Loans was also plummeting; (6) the revenue and loan facilitation growth provided in the Registration Statement leading up to the IPO was achieved by relaxed credit and due diligence standards, under which the Company had underwritten tens of millions of dollars’ worth of poor quality loans that suffered from a disproportionately high risk of default as compared to the Company’s earlier loan vintages; (7) the Company was suffering from accelerated delinquency rates from poor quality loans that it had underwritten in the first, second, and third quarters of 2018, which had caused the Company’s delinquency rate to sharply rise; (8) the Company’s product mix had significantly deteriorated; (9) the Company’s net revenue was on track to decline by 22% during the third quarter of 2018; and (10) as a result, defendants’ statements about X Financial’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 7, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to https://www.rosenlegal.com/cases-register-1733.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or cases@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
      New York, NY 10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      lrosen@rosenlegal.com
      pkim@rosenlegal.com
      cases@rosenlegal.com
      www.rosenlegal.com

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SOURCE Rosen Law Firm, P.A.