28 Oct 2016

Arcturus Announces Shareholder Conference Call Update

Vancouver, British Columbia / TheNewswire / October 28, 2016 – Arcturus Growthstar Technologies Inc.(the “Company” or “Arcturus”) (CSE: AGS) (OTCQB: AGSTF) is pleased to announce that its first Shareholder Conference Call, previously scheduled for November 1, 2016, will now take place on Tuesday, November 22, 2016 at 10:00 a.m. EST. All Shareholders are invited to attend and to submit questions no later than Friday, November 18th at 5:00 p.m. EST.  Questions may be emailed to Arcturus’ CEO and Chairman, William Gildea at gildea@arcturusgrowthstar.com.

“Due to overwhelming interest from our Shareholders, we have decided to reschedule the Shareholder Conference Call in order to extend the time for our Shareholders to submit questions,” says Mr. William Gildea, Arcturus Growthstar Technologies, Inc.’s CEO and Chairman. “We are pleased with the amount of support and interest we have received from our Shareholders and we look forward to the discussion on November 22nd.

For further information, contact William Gildea, Director, at 617.834.9467.

On behalf of the Board,

Arcturus Growthstar Technologies Inc.

William Gildea, CEO & Chairman

Read More

26 Oct 2016

Arcturus Now Traded on U.S. OTCQB(R) Venture Market

Vancouver, British Columbia / TheNewswire / October 26, 2016 – Arcturus Growthstar Technologies Inc. (the “Company” or “Arcturus”) (CSE: AGS) (OTCQB: AGSTF) is pleased to announce that, in addition to being listed on the Canadian Stock Exchange, it will now also be traded on the OTCQB® Venture Market. The OTCQB® Venture Market is for early-stage and developing U.S. and international companies. To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process. Companies must meet $0.01 bid test and may not be in bankruptcy.

“We are pleased to have the ability to immediately distribute Arcturus’ information and bring greater transparency to a wider audience of U.S. investors, market data distributors, investment databases, media outlets, and broker-dealers,” says Mr. William Gildea, Arcturus Growthstar Technologies, Inc.’s CEO and Chairman. “Being traded on the OTCQB will allow us to better connect with our shareholders by facilitating real-time delivery of information and news.

For further information, contact William Gildea, Director, at 617.834.9467.

On behalf of the Board,

Arcturus Growthstar Technologies Inc.

William Gildea, CEO & Chairman

Read More

19 Oct 2016

CEO Update to Shareholders

Vancouver, British Columbia / TheNewswire / October 19, 2016 – Arcturus Growthstar Technologies Inc.(the “Company” or “Arcturus”) (CSE: AGS) (OTC Pink: AGSTF) is pleased to provide the following update to its current and prospective Shareholders regarding the Company’s recent activities relative to Arcturus’ current lines of agricultural technology, cannabis based media and app platforms and its expansion into urban farming markets. This update also lays out Arcturus’ plans for the immediate future, including the Company’s first Shareholder Conference Call.

Arcturus is a British Columbia company focused on developing and marketing products in the consumer LED industry and in the Controlled Environment Agriculture (“CEA”) industry through its online sales channels and web presence relative to its Scorpion LED & COB grow lights. Recently, Mr. Rob Huston, the head of the Company’s LED division, won 1st place for the “Indica – Private Grower” category at Bio Cup Canada, the largest cannabis cup to ever take place in Canada by using the Company’s Scorpion COB grow lights with off the shelf seeds. Five plants were grown legally using an MMAR patient license in a 4’x8’ space, using 1500 watt total, consisting of 1 Scorpion 9x 525 watt and 3 Scorpion 5x 325 watt each. Mr. Huston’s five plants were harvested at eight weeks and resulted in a 1.35-lb harvest.

Arcturus has had much success in the LED space, even prior to Mr. Huston’s award, putting itself in a very good position ahead of medical marijuana legalization in Canada. Now that the Trudeau administration has signaled its plan for a complete legalized cannabis market, Arcturus is using its current lines of LED and CEA technologies to penetrate the market and aid in the growing number of licensed producers (LP’s) building out their facilities.

With an eye beyond simply sales, the Company contracted with Mr. John Sweeney, formerly the vice president of operations for Tilray, one of Canada’s biggest privately licensed cannabis producers owned by Privateer Holdings. Mr. Sweeney will spearhead the Company’s professional consulting services in the area of “current Good Manufacturing practice” (cGMP), which provides for systems that assure proper design, monitoring, and control of manufacturing processes and facilities in support of mandates on the horizon.

The Company also engaged the services of CBO Financial, Inc. as its financial advisor with respect to New Market Tax Credits (NMTC) for a vertical farm project. The NMTC program is a $65 billion federal program designed to incentivize private investment in low-income communities. NMTCs are provided to financial institutions in exchange for equity investments that eligible businesses can use to subsidize project development costs. The NMTC program provides 20% to 25% of a project’s cost in very flexible financing for projects located in low-income communities. CBO Financial helps driven organizations, such as Arcturus, to finance facilities that will provide goods and services that benefit populations in need and revitalize communities. Arcturus’ partnership with CBO Financial is both shareholder and capital structure friendly in the sense that the draw of capital is non-dilutive in nature. Arcturus and CBO Financial are currently developing one vertical farming project together, but plan to work together on many more projects in the future.

On October 4, 2016, the Company closed on its transaction to acquire a large portfolio of revenue generating Apps and source code (the “App Portfolio”). This all-stock acquisition brings on a seasoned team of app developers, which instantly expands the Company’s tech portfolio and positions Arcturus for rapid rollout of a suite of cannabis centric apps.  “As more and more states legalize the use of Cannabis we believe that more and more technology will be needed to manage the growth of consumers with apps being the centerpiece; be it delivery, discovery, customer acquisition, or eventually payment services,” says Mikael Hovhannisyan the app manager.

The App Portfolio is currently producing revenue and is a consistent source of monthly income, as the App Portfolio’s trailing 12-month EBITDA was USD $139,000 or CDN $183,000. Subsequent to closing on this transaction, the Company’s new app team established a new mobile gaming division with the intent to put out 420 themed games, which will generate revenue through In App Purchases (IAP) as well as through ad impressions.

The Company is also pleased to announce that it has successfully raised $810,000 CDN due to the recent exercise of warrants by the Company’s early investors.  The subject $0.15 warrants were part of a 2014 private placement and were exercised voluntarily by the warrant holders.

We are excited at our positioning within the LED and CEA industries,” says Mr. William Gildea, Arcturus Growthstar Technologies, Inc.’s CEO and Chairman.  “Through our selective, accretive technology acquisitions, we are able to generate revenue, which in turn allows us to develop vertical farms and ultimately build value for our Shareholders.”

 

Arcturus would also like to take this opportunity to announce that the first Arcturus Shareholder Conference Call will be scheduled for early November 1, 2016. We invite all Shareholders to attend and to submit questions no later than Monday, October 31st at 5:00 p.m. EST.  Questions may be emailed to Arcturus’ CEO and Chairman, William Gildea at gildea@arcturusgrowthstar.com.

 

For further information, contact William Gildea, Director, at 617.834.9467.

 

On behalf of the Board,

 

Arcturus Growthstar Technologies Inc.

William Gildea, CEO & Chairman

Read More

13 Oct 2016

Arcturus Establishes a New 420AppGaming Division Entering the $37 Billion Dollar Mobile Gaming Market

VANCOUVER, British Columbia, October 13, 2016 /PRNewswire/ — Arcturus Growthstar Technologies Inc. (the “Company” or “Arcturus”) (CSE: AGS) (OTC Pink: AGSTF) is pleased to announce that it has established a new mobile gaming division (www.420AppGaming.com) with the intent to put out 420 themed games, which will generate revenue through In App Purchases (IAP) as well as through ad impressions.  According to the Global Games Market Report, gamers worldwide will generate a total of $99.6 billion in revenues in 2016, up 8.5% compared to 2015. For the first time, mobile gaming will take a larger share than personal computers with $36.9 billion, up 21.3% globally.

“With our recent mobile app acquisition and our growing focus on Cannabis, we feel Arcturus is now uniquely positioned to capitalize on these two huge and converging trends by publishing a suite of 420 themed games and utility apps,” says Mr. William Gildea, Arcturus Growthstar Technologies Inc.’s CEO and Chairman.

Arcturus’ mobile app plan is to first launch a series of 420 themed casual games like Slots, Poker, Solitaire and Bingo, which all have a large and broad appeal, before year end 2016.  According to ThinkGaming, five of the top 20 grossing revenue games are slots games while the rest are tried and true games that have proven to be winners on mobile devices and consistently in the top charts.

“We are excited to be working with the Arcturus team and, in addition to the 420 gaming apps we are currently developing, in Q1 2017 we are also planning to release utility apps to compete with the biggest apps in the Cannabis space, including Weedmaps and Massroots,” saysMikael Hovhannisyan, the app development team manager.

For further information, contact William Gildea, Director, at 617.834.9467.

On behalf of the Board,

Arcturus Growthstar Technologies Inc.

William Gildea, CEO & Chairman

Read More

05 Oct 2016

Arcturus Acquires Revenue Generating App Portfolio Marking its First Acquisition in Mobile Agriculture Technology

VANCOUVER, British Columbia, October 5, 2016 /PRNewswire/ — Arcturus Growthstar Technologies Inc. (the “Company” or “Arcturus”) (CSE: AGS) (OTC Pink: AGSTF) is pleased to announce that it has closed on its transaction to acquire a large portfolio of revenue generating Apps and source code (“App Portfolio”). This all-stock acquisition brings on a seasoned team of app developers, which instantly expands the Company’s tech portfolio and positions Arcturus for rapid rollout of a suite of marijuana centric apps. It also positions the Company to receive consistent monthly income, as the App Portfolio’s trailing 12-month EBITDA was USD $139,000 or CDN $183,000.

“This app portfolio and experienced team lays the foundation for our ability to quickly release new agriculture and legal cannabis related apps without having to go outside of our own company for development and monetization expertise.  At the same time, it provides us with a current stream of cash flow while we are building our vertical farming business,” says Mr. William Gildea, Arcturus Growthstar Technologies Inc.’s CEO and Chairman. “With Deere & Company (DE), a NYSE listed company and one of the largest equipment suppliers having over 20 mobile apps in the agriculture market, we felt it important to have our own app division as well.”

“For the month of September, the All-In-One App Portfolio revenue grew by 50%, serving up over 57,000 Facebook ad impressions and over 26,000 AdMob impressions, which puts us at an annual run rate of almost 1,000,000 ads for the next 12 months,” comments Mikael Hovhannisyan, the app portfolio manager. “With our plans to increase the portfolio’s number of apps by two to three times, we expect the revenue and ad impressions numbers to only keep going up.”

For further information, contact William Gildea, Director, at 617.834.9467.

On behalf of the Board,

Arcturus Growthstar Technologies Inc.

William Gildea, CEO & Chairman

Read More