CannaTech is proud to announce that South African cannabis market leader, Southern Sky Group, will be a Platinum Sponsor at our upcoming Cape Town Cannabis Summit this November 24-26.
Southern Sky Group (formerly Southern Sun Pharma) is an Africa-focused cannabis business led by a seasoned team of executives with a significant track record of building shareholder value, both in North America and Africa. With cannabis production licenses and operations across the continent, the recent launch of the high-end CBD retail store – Goodleaf – combined with the acquisition of Africanpure, a leading, local online CBD retailer, Southern Sky is uniquely positioned to supply the African and European market with premier cannabis products.
South Africa became the third country in Africa to legalise medical cannabis in February 2017. Last September, the country initiated a process of legalising cannabis for personal recreational use, joining Uruguay and Canada at the forefront of the Green Rush. Final recreational cannabis regulation is still a grey area, however significant boosts in the sale and import of growing and manufacturing equipment, and the expansion of local cannabis-ready businesses indicates that stakeholders anticipate a cannabis boom in the very near future. This potential boom was further augmented this May by the dramatic decision to remove cannabidiol (CBD) entirely from South Africa’s drug scheduling system. For at least the next year, all products containing a daily dose of 20 mg of CBD or less will be fully legal and this exemption may be extended beyond the trial period. All of these conditions contribute to making South Africa a fertile market for CBD products, and the perfect location for CannaTech’s Cannabis Summit.
The exemption of CBD is a dramatic regulatory change and one that is opening the floodgates for cannabis-derived products to enter the market. Capitalising on the transformational shift in the global cannabis industry, Southern Sky has leveraged international innovation with local execution and expertise to build out fully integrated cannabis cultivation and processing facilities.
Following South Africa’s full legalization of CBD, Southern Sky’s retail arm Goodleaf, opened the country’s first high-end brick and mortar CBD store on May 31 in Cape Town’s beautiful city centre. The flagship store offers a range of premium hemp-derived CBD products including vaporizers, tinctures and topicals from leading international brands. Goodleaf is committed to offering safe, natural, traceable, and legal products of the highest standard: all products are lab tested to ensure maximum safety and to certify that they are 100% THC free. In addition to locally produced brands, Goodleaf also acts as the South African distributor for well known global products such as Cura Select and others. In a press statement last month, Jonni Katz, Head of Brand and Retail for Southern Sky and CEO of Goodleaf stated:
“We’re excited about what Goodleaf brings to the market. The flagship Goodleaf store offers consumers a well-curated and unique experience in an exclusive downtown space. This store will be the first of a number of premium cannabis stores that we intend to open in high-end retail locations across South Africa.”
The storefronts will also serve as venues for educational and social functions, pop-up events, and other gatherings. Goodleaf is more than just a retail store, it is an integral part of Africa’s growing cannabis industry, promoting product excellence, disseminating information, and curating an immersive experience for consumers.
Southern Sky is further expanding the local South African cannabis ecosystem with its recent acquisition of Africanpure, a Cape Town-based company offering high-quality CBD oil products. The online retailer is known for its affiliation with South African Olympic Gold medal swimmer Roland Schoeman, nicknamed “The Rocket” for holding the world record in 50 metres freestyle.
As Platinum Sponsors of CannaTech Cape Town 2019, Southern Sky is excited to contribute to the positive growth of sub-Saharan Africa’s emerging cannabis ecosystem, while positioning South Africa at the centre of the global cannabis conversation.
Penta Security and R3 Announce Strategic Partnership for Digital Asset Management and MPC Technology
Penta Security and blockchain software firm R3 today announced that they have entered into a global strategic partnership for digital asset management and MPC (Multi-Party Computation) technology, combining Penta Security’s technologies and R3’s extensive enterprise blockchain platform, Corda.
With technology and services playing a critical role in digital asset payment and management aspects, the demand for a safer digital asset and private key management solution is dramatically increasing. The partnership brings together deep skills in MPC, blockchain key management solutions, technology development, and deployment in the finance sector via R3’s enterprise blockchain platform Corda.
As a result, Penta Security is devoted to expanding in the finance industry with its MPC technology which is based on the secret-sharing algorithm, and PALLET, an advanced key management solution for blockchain. Both parties will be heading to achieve goals through various new projects by forming a software enterprise firm, in addition to deploying Penta Security’s MPC technology on R3’s major projects.
Dr. Sim, Chief Technology Officer at Penta Security, said: “There’s no doubt that the private key to successful blockchain deployment is the most important asset. We believe Penta Security’s MPC and digital asset management technology can provide an ideal key protection solution for both blockchain and digital asset key protection. By diversifying our offerings through strategic partnerships, we’re excited to be devoting our expertise in the evolving blockchain scene.”
Cathy Minter, Chief Revenue Officer at R3, said: “The creation of a new market, powered by digital assets, is one of the most exciting promises of blockchain technology. Coupling our Corda platform with Penta Security’s MPC technology will be one step closer to addressing the industry demand for secure digital asset management. We are proud to be partnering with Penta Security to deliver an industry-leading solution and look forward to them achieving continued success in the future.”
SOURCE Penta Security Systems
FiO Fixes Wine, Gaming and Fitness Industry Pain Points
Innovative SaaS platform FiO is expected to release details on how its blockchain-onboarding service solves long-existing problems in wine provenance, online gaming and fitness tracking next week.
FiO merges the latest blockchain technology and GPG encryption with existing ledger software to create easy-to-use decentralized solutions for conventional businesses.
The company’s FiO software boasts a conventional form factor and simple templates to create a painless experience for non-technical users. Only 3 simple onboarding steps are required: user registration, service selection and finally, a connection to their API.
FiO’s “plug & play” technology aims to fix inherent issues that have long plagued traditional industries. For example, with counterfeit wines a multi-billion dollar problem, FiO enables a reliable and immutable traceability platform for wine products as they make their way from the vineyard to the consumer.
Through FiO’s simple blockchain tool, users can create a robust decentralized ledger and shareable digital certification pertaining to a wine’s appellation, winemaker, vintage year and shipping and storage. This enhanced ability to record the production, obtaining and selling of wine should foster greater trust between producers, distributors, resellers and collectors.
In recent years the fitness industry has seen a boom in wearable, biometric devices that track the end-user’s fitness regime and health vitals. FiO allows fitness gyms to integrate AI-enhanced features without compromising customer privacy. Gym users can consolidate their health and fitness training data from wearables, equipment and even medical service providers in one location, import token economy items and connect with social fitness influencers and networks.
The gaming industry, currently worth $150 billion per year, is predicted to double in value by 2022, with an increasing demand for B2B game development solutions that build and manage in-game item economies.
Until now, players could only trade and sell their virtual items directly or on third-party websites, with little protection against fraud, hacking and theft.
With FiO, game developers can now facilitate the easy and secure transfer of in-game items and rewards between players through their existing wallets. This increased functionality and fungibility of gaming rewards through blockchain will likely attract new players to the industry.
FiO made it clear that its platform is highly flexible and its benefits can be applied to nearly any conventional businesses. The company, currently in its final fundraising round, welcomes interested parties to get in touch.
Crypto Earn: Now Earn 8% p.a. on EOS Deposits
Crypto.com, the pioneering payments and cryptocurrency platform, announced today that it has added EOS to Crypto Earn, allowing users to enjoy up to 8% p.a. on their deposits.
In addition to having EOS available in Crypto Earn, deposit and withdrawal of EOS is also enabled on the Crypto.com App.
EOS.IO is a free, open-source blockchain software protocol that provides developers and entrepreneurs with a platform on which to build, deploy and run high-performing blockchain applications. It is currently supporting over 260 projects.
Crypto Earn now supports 16 coins including BTC, ETH, LTC, XRP, BNB, TUSD, PAX, USDC, MCO, BAT, LINK, CRO, MKR, DAI, PAXG with the addition of EOS. Interest is paid out weekly in the coin deposited with flexible, 1-month or 3-month terms available. Users earn more by staking at least 500 MCO.
Note: For the U.S. users, both deposit and withdrawal of EOS and Crypto Earn deposit in EOS are initially available in 38 states: Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, North Dakota, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, West Virginia, Wisconsin, and Wyoming.
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