October 13, 2017 01:15
 
 
Q3 Highlights
*  Late sales in the quarter of MUSD 7.6 (2016: MUSD 9.7)
*  Prefunding on Multi-Client investments in the quarter was MUSD 9.3 (2016: MUSD 1.5), primarily related to the Gabon and Argentina surveys. *  Multi-Client investments were MUSD 13.5 with 69% prefunding rate (2016: MUSD 8.1 with 19% prefunding)
*  Operational cash flow in Q3 was MUSD 23.0 (2016: MUSD 2.8)
 
*  Late sales YTD of MUSD 25.7 (2016: MUSD 23.0)
* Prefunding on Multi-Client investments was MUSD 46.9 (2016: MUSD 16.2), substantial part related to the Gabon and Argentina surveys. *  Multi-Client investments were MUSD 72.1 with 65% prefunding rate (2016: MUSD 43.2 with 37% prefunding)
*  Operational cash flow was MUSD 83.3 (2016: MUSD 40.8)
  
seismic imaging services to the global oil and gas industry from offices in the
Norway,  UK, USA,  Brazil, Egypt,  Australia, Indonesia  and Singapore. Spectrum
designs,  acquires and processes seismic data  to deliver high quality solutions
through its dedicated and experienced workforce. Spectrum  holds the  world's largest  library of  Multi-Client 2D marine seismic
data  and a significant amount of  3D seismic. The company's strategy focuses on
both  the major, established hydrocarbon-producing regions  of the world as well
as  key frontier areas identified by  our experienced team of geoscientists. The
Spectrum  library  of  Multi-Client  data  contains  projects  from  many of the
foremost  oil producing  regions of  the world. These include  new acquisition,
reprocessing and interpretation reports."

Spectrum ASA: 3rd Quarter 2017 Financial Results

October 06, 2017 11:01
Oslo, Norway, 6th October 2017. Based on preliminary figures for Q3 2017, Management expects to report Net Multi-Client Revenue of approximately USD 17 million for the quarter (USD 11.4 million in Q3 2016). The Multi-Client Capex is expected to be approximately USD 13 million (USD 8.1 million in Q3 2016). Spectrum expects to report a cash balance of USD 10.5 million and secured Net Interest Bearing Debt of approximately USD 16.5 million as of 30th September 2017. Spectrum will report 3rd quarter 2017 financial results 13th of October 2017. For further information please contact:
Henning Olset, CFO

Spectrum ASA: Q3 2017 Financial Update

Canopy Growth Expands European Footprint with Spectrum Denmark
SMITHS FALLS, ON and ROENDE, Denmark, Sept. 21, 2017 /CNW/ – Canopy Growth Corporation (TSX: WEED) (OTC: TWMJF) (“Canopy Growth” or the “Company”) is pleased to announce that it has established a binding strategic partnership in the emerging Danish market as part of its systematic expansion plan in Europe. Spectrum Denmark ApS (“Spectrum Denmark”) will be a joint venture between Canopy Growth and Danish Cannabis ApS (“Danish Cannabis”) which will serve the needs of Danish medical cannabis patients with Spectrum’s proven products. Danish parliament recently passed legislation that paves the way for legal medicinal cannabis sales to begin January 1, 2018. To date, patient access to cannabis in Denmark has been limited to the sale of costly handmade compounds available from a single pharmacy. Canopy Growth is confident that the production and formulation model it has built in Canada will lead to clear consumer preference for Spectrum’s oil and dried cannabis products. Spectrum is named for the industry first strain classification system which simplifies the dialogue around strength and dosage by categorizing medical cannabis according to THC and CBD levels using a straightforward colour-coded guide. Spectrum Denmark follows the launch of Spektrum Cannabis GmbH in Germany and Spectrum Chile SpA, where, like Denmark, physician education and customer education on medical cannabis are in their infancy. International market opportunities are emerging quickly and Canopy has the experience and expertise to turn these opportunities into greater shareholder value. Our approach is clear: establishing the brands, infrastructure and people in a systematic manner to ensure success across numerous federally-legal geographies. With Spectrum in particular, our goal is to redefine what a global medical cannabis producer looks like in the minds of doctors, regulators, and patients. Bruce Linton, Chairman & CEO, Canopy Growth
“Leveraging the knowledge of the world’s most experienced and largest cannabis company, we will soon be able to serve the Danish market with safe, high quality medical cannabis products,” said Lars Thomassen, Danish Cannabis. “This will enable us to run clinical trials on a broad variety of indications and engage in medical outreach efforts as Canopy has done so effectively in Canada. We will also begin, in earnest, to establish the production infrastructure necessary to serve Denmark as legally permitted.”
The strength of the existing Danish team, made up of experienced entrepreneurs with substantial hemp production, consumer packaged goods, and brand positioning experience, will allow Spectrum to drive the national conversation around cannabis legalization, while integrating with other Canopy Growth companies around the world to meet global cannabis demand. A principal in Danish Cannabis, Moellerup Estate, has for years been one of the largest hemp producers in Europe. Moellerup Brands include a wide range of hemp food products from gin, beer, granola, oil, to flour, cosmetics and hemp for CBD oil production. As part of the arrangement, Canopy Growth will provide an initial capital commitment of $10 million to be released in tranches. In addition, the Company will also issue up to 1,906,214 common shares in the corporation subject to meeting defined milestones. This transaction has been conditionally approved by the TSX. Here’s to Future Growth. About Moellerup Estate
Moellerup Estate a farm dating back to 1286 is today apart from a traditional farm diversified into hemp food products, a hemp skincare division, Advance Nonwowen, insulation and textile boards and Danish Cannabis. About Danish Cannabis
The vision of Danish Cannabis is to produce medical cannabis, the natural medicine, In all its relevant forms the best, safest and cheapest way possible while we help establish the needed evidence for medical cannabis. About Canopy Growth Corporation
Canopy Growth is a world-leading diversified cannabis company, offering distinct brands and curated cannabis varieties in dried, oil and capsule forms. Through its wholly‑owned subsidiaries, Canopy Growth operates numerous state-of-the-art production facilities with over half a million square feet of GMP-certified indoor and greenhouse production capacity, all to an unparalleled level of quality assurance procedures and testing. Canopy Growth has established partnerships with leading sector names in Canada and abroad, with interests and operations spanning four continents. The Company is proudly dedicated to educating healthcare practitioners, providing consistent access to high quality cannabis products, conducting robust clinical research, and furthering the public’s understanding of cannabis. For more information visit www.canopygrowth.com . Original press release:  http://www.newswire.ca/news-releases/canopy-growth-expands-european-footprint-with-spectrum-denmark-646385273.html
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Spectrum Denmark Extends Canopy Growth’s Global Reach

NexOptic plans to complete acquisition in October 2017
VANCOUVER, BC--(Marketwired - September 20, 2017) -
For the audio version of today's news release please visit https://nexoptic.com/news/
NexOptic Technology Corp. ("NexOptic") (
:
E301) and Spectrum Optix Inc. of Calgary, Canada ("Spectrum,") and together with NexOptic, ("the Companies") are pleased to announce that NexOptic has satisfied all of the cash expenditure requirements under its option to acquire 100% ownership interest of Spectrum pursuant to the agreement between NexOptic, Spectrum and Spectrum's shareholders dated October 22, 2015 ("the Agreement"). NexOptic further announces that it intends to exercise its final option and complete the acquisition of Spectrum on or about October 2017. Paul McKenzie, President and CEO of NexOptic stated today: "We are excited to have reached this significant milestone. The technological and business development progress made to date is a reflection of our technical and management teams ability to work synergistically. I look forward to finalizing this acquisition in the near-future." As per the Agreement, (please see NexOptic's news releases dated October 26, 2015 and November 18, 2014) NexOptic will be acquiring the remaining outstanding shares of Spectrum in exchange for such number of common shares of NexOptic as are equal to 35% of NexOptic Shares and warrants equal to 35% of, and on substantially similar terms, to the then‐outstanding warrants or options to purchase NexOptic Shares at the time of the completion date, on a post issuance basis. NexOptic has until November 18th to fully execute this, its 3rd and final option, however the Company anticipates completing the transaction in advance of this date. John Daugela, President and CEO of Spectrum and director of NexOptic stated: "With the completion of the acquisition on the horizon, I want to thank our dedicated team of committed men and women. While I've always viewed Spectrum and NexOptic as essentially one company, completing the acquisition will officially create a singular, cohesive organization, which is beneficial for the advancement of our technologies and business development." Upon the completion of the Agreement, key management members of both Spectrum and NexOptic will be appointed to the senior management and board positions of NexOptic. About NexOptic Technology Corp.
NexOptic is a publicly traded company, which has an option to acquire, in the aggregate, 100% of Spectrum Optix Inc., a private corporation. The Companies are, in essence, working as a single corporation at this time, with their respective CEOs sitting on each other's boards of directors. Please see NexOptic's news release dated November 18, 2014 for additional details regarding this relationship. Effective today's date, NexOptic has 80,907,740 shares outstanding, further details on NexOptic's share structure can be found on the Company's website at www.nexoptic.com . Spectrum is developing technologies relating to imagery and light concentration applications. Utilizing Blade Optics™, its suite of patent-pending optical technologies, the company aims to increase aperture sizes within given depth constraints of various imaging and non-imaging optical applications. Earlier this year, Spectrum completed its proof-of-concept digital telescope prototype ("POC") that utilizes a patent-pending Blade Optics™ technology, other optical elements and electronic components. The prototype is intended to demonstrate the marketable features of Spectrum's Blade Optics™ technology and its potential to serve as a platform to be used in various optical applications. Benefits of Blade Optics™ Technology
The Companies believe that Blade Optics™ has the potential to breakdown many of the limitations associated with conventional, curved lens stacks:
Aperture size: Blade Optics™ may allow the aperture-to-depth ratio to be increased in depth-limited optical devices to permit increased resolution compared to conventional curved optical devices with similar depth. Compactness: Decreasing the depth of the lens stack would create the possibility of more compact and practical imaging devices. NexOptic trades on the OTCQB under the symbol "NXOPF," on the TSX Venture as "NXO," on Frankfurt as "E301" and Berlin as "E301." More information is available at www.nexoptic.com . On behalf of the Boards of Directors
NexOptic Technology Corp. Forward Looking Statements
This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws, including, but not limited to, statements with respect to expectations concerning the development of its technology, the development of the prototype, the potential applications of Spectrum's technologies and the technology's potential market impacts. The reader is cautioned that forward looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other factors which are difficult to predict and that may cause actual results or events to differ materially from those anticipated in such forward looking statements. Forward looking statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Companies operate and are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations, including, among others: risks commonly associated with the development of new technologies, including that the prototype development is at an early stage and additional work will be required to confirm potential applications and feasibility of Spectrum's technologies; the Companies may not be able complete the prototype as currently expected; the potential applications are based on limited studies and may not be representative of the broader market; the risk that the prototype may not achieve results expected by the Companies; the Companies may not be able to commercialize their technology even if the prototype is successful; NexOptic may not have access to necessary financing on acceptable terms or at all, including, in order to exercise the options under NexOptic's formal agreement with Spectrum and its shareholders or the conditions to NexOptic's options to acquire Spectrum shares may not be otherwise satisfied; and other risks inherent with the patent process, transactions of this type and the business of Spectrum and/or NexOptic. Such forward looking statements should therefore be construed in light of such factors. Other than in accordance with its legal or regulatory obligations, NexOptic is not under any obligation and it expressly disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Contact Information

NexOptic Meets Expenditure Threshold, Prepares to Complete Acquisition of Spectrum Optix

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SMITHS FALLS, ON, Sept. 18, 2017 /CNW/ - Canopy Growth Corporation (TSX: WEED) ("Canopy Growth" or the "Company") is proud to introduce Spectrum Cannabis to the Canadian medical cannabis market. The new Canadian brand identity, already launched in several jurisdictions around the world, is a progression of the Mettrum Spectrum and is inspired by the industry-first strain classification system which simplifies the dialogue around strength and dosage by categorizing medical cannabis according to THC and CBD levels, using a straightforward colour-coded guide. In place since 2014 under the Mettrum brand, the Spectrum has been well received by the medical community and equally adopted by customers who regularly shop by Spectrum. The rebranding of Mettrum Health to Spectrum Cannabis in Canada is the natural progression of this methodology and will ensure a consistent and recognizable global brand across all federally legal jurisdictions where Canopy Growth operates. This follows the launch of Spektrum Cannabis GmbH in Germany and Spectrum Chile SpA, geographies where physician education and customer education on medical cannabis are only just beginning, as they did in Canada in 2014. "Our mission at Canopy Growth has always been to simplify the conversation around medical cannabis, and with the Spectrum we have done just that," said Mark Zekulin, President of Canopy Growth Corporation. "We're also reinforcing the global nature of our operations by bringing the international-facing medical brand back home to Canada." This transition is aligned with the direction and vision of the medical brand, which is dedicated to educating healthcare practitioners, and simplifying the dialogue around medical cannabis. Current customers should expect to see the name change reflected in the packaging of their products in the coming weeks. Beyond that, the formerly Mettrum product itself as well as the price, size and varieties will continue to be up to the world-class quality standards customers expect from all Canopy Growth companies. Moving forward, Spectrum Cannabis will continue to make product selection easier for the medical community and their patients. As part of the Canopy Growth family of companies, Spectrum Cannabis is committed to providing consistent medical options guided by quality research, education, and innovation. Learn more at www.tweedmainstreet.com/pages/spectrum
About Canopy Growth Corporation
Canopy Growth is a world-leading diversified cannabis company, offering distinct brands and curated cannabis varieties in dried, oil and capsule forms. Through its wholly‑owned subsidiaries, Canopy Growth operates numerous state-of-the-art production facilities with over half a million square feet of GMP-certified indoor and greenhouse production capacity, all to an unparalleled level of quality assurance procedures and testing. Canopy Growth has established partnerships with leading sector names in Canada and abroad, with interests and operations spanning four continents. The Company is proudly dedicated to educating healthcare practitioners, providing consistent access to high quality cannabis products, conducting robust clinical research, and furthering the public's understanding of cannabis. For more information visit www.canopygrowth.com . Notice Regarding Forward Looking Statements
This news release contains forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or 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. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Canopy Growth Corporation, Tweed Inc., Tweed Farms Inc., Mettrum Health Corp., or Bedrocan Canada Inc. to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Examples of such statements include future operational and production capacity, the impact of enhanced infrastructure and production capabilities, and forecasted available product selection. The forward-looking statements included in this news release are made as of the date of this news release and Canopy Growth Corp. does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation. Neither the TSX Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Canopy Growth Corporation
For further information:  Jordan Sinclair, Director of Communications, Jordan@canopygrowth.com, 613-769-4196; Investor Relations, Tyler Burns, 855-558-9333 ex 122, tyler.burns@canopygrowth.com; Director: Bruce Linton, tmx@canopygrowth.com
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Introducing Spectrum Cannabis: Medical Cannabis Simplified

Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. Comcast Cable is one of the United States' largest high-speed internet, video, and phone providers to residential customers under the Xfinity brand, and also provides these services to businesses. It also provides wireless and security and automation services to residential customers under the Xfinity brand. NBCUniversal is global and operates news, entertainment and sports cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures, and Universal Parks and Resorts. Sky is one of Europe's leading media and entertainment companies, connecting customers to a broad range of video content through its pay television services. It also provides communications services, including residential high-speed internet, phone, and wireless services. Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights.

Comcast

AT&T (NYSE:T) is a communications holding company that provides entertainment, mobile, high-speed internet, voice, and cloud-based services through its subsidiaries and affiliates. AT&T is a provider of pay TV, a large 4G network, global wireless coverage, and mobile & highly secure cloud solutions for enterprises.

AT&T

Scripps is a media enterprise driven to develop and expand its digital strategies including social gaming, while embracing its rich history in delivering quality journalism and creating valuable marketing environments. It serves communities through television stations, newspapers and Scripps Howard News Service, and enriches the lives and vocabularies of students through the Scripps National Spelling Bee. Creative, talented and energetic employees are leading the way at 19 television stations in major cities such as Denver, San Diego, Detroit, Phoenix, Cleveland, Cincinnati and Tampa. They are serving communities with impactful story-telling, investigations and interactive outreach through newspapers in 13 markets. The Scripps digital group is growing and gaining momentum with new product offerings, enhancements, and technology that give customers more options than ever before to find the information and entertainment they crave.

The E.W. Scripps Company

Scripps also has renewed its broadcast television retransmission agreement with Comcast , which now includes its seven Scripps legacy stations beginning Jan. 1 , 2020 , according to a news release .

E.W. Scripps' Newsy signs distribution deals with Comcast, AT&T and Spectrum

Independent Pharmacy Alliance is a trade group and retail pharmacy buying cooperative representing independent pharmacies. IPA represents its members for the purpose of combined purchasing to lower a pharmacy's "cost of goods and services" as well as to provide them with comprehensive legislative advocacy, third party resolution support, and free continuing education.

Independent Pharmacy Alliance

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Spectrum, dba Spectrum Laboratories, is a bioprocess filtration company. The company specializes in filtration, purification, and chromatography. Spectrum creates systems and product solutions for a variety of industries, such as the pharmaceutical industry.

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