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B2C binary options trading brands, the company is terminating the agreement due to a breach by the partner. The company has confirmed that the termination of the agreement will have no material impact on the results for the current financial year and that trading of both its B2B and B2C divisions remains in line with market expectations. Registered in Hong Kong, IBID Holdings Limited is a company involved in developing growth oriented online companies. Under the terms of the deal, IBID and TechFinancials agreed that the profit milestone must be achieved by the JV no later than July 31st, 2017. IBID is surprised by the unjustified decision of TechFinancials to terminate the agreement between them and it intends to pursue its rights through the applicable legal avenues. Asia, as reported by Finance Magnates earlier in February this year. TechFinancials is considering legal action against IBID Holdings for violations, which include, but are not limited to, failure to transfer the initial investment amount. TechFinancials is now considering the instigation of legal action against IBID Holdings. OptionFair now joined by Optionfortune in January. TechFinancials role in the TechFinancials IBID joint venture will be to provide the technology to the JV entity along with transferring all other intangible assets relating to the brand.

The Board believes the JV will prove highly beneficial to the Group, providing sales and marketing expertise and additional working capital to grow the brand. TechFinancials is a provider of binary options reading platforms to its B2B partners, binary options brokers of which 24option is their biggest client. The target day for the JV to achieve these results is 31 st July 2017. In addition, we believe that the combination of mutual strengths of the Company and the Partner will substantially strengthen operating performance. B2C market share, revenues and profitability. The Company is very pleased to be forming this Joint Venture with IBID.

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The idea is to supply the Israeli medical marijuana market, as well as export to European countries and even Canada as the production site grows. While some like Avicanna are aiming at South America, others are considering options across the ocean. After touring numerous kibbutzim, the company arrived at Gan Shmuel, which rapidly proved it would be the best possible partner. Consequently, companies are starting to look overseas. Interested in why Cronos had picked Israel for its new production facility, Benzinga reached out to CEO Michael Gorenstein. In such a context, establishing low cost production facilities has become a priority. As per the deal, Cronos will produce medical marijuana in Gan Shmuel, which will provide not only the legally approved land to do so but also access to local workers. In Canada, producers need to use all kinds of automated controls, special systems and artificial lighting to mimic an outdoor environment suited for cannabis cultivation indoors.

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JV, instead of payment in TechFinancials Inc. In early 2014, TechFinancials began to focus on the Asian market, securing distribution in Japan and China. The Company is very pleased to establish this Joint Venture with the owners of Optionfortune. B2C binary options trading platform focused on the Asia Pacific region. We believe this to be a significant transaction, and it is in keeping with our method stated at IPO, which is to grow our business into new territories and markets. TechFinancials may elect to transfer to the shareholders of the Partner, effective on 1 January 2017, 38. TechFinancials was formed in 2009 to create a simplified trading solution for online brokers wanting to provide a platform for retail customers to trade in Binary Options. Binary Options and Exotic Options.

The Partner will transfer its trading platform activity and all other intangible assets related to its operation to the JV. The JV is subject to approval by TechFinancials shareholders in an Extraordinary Shareholder Meeting, to be held within the next 30 days. Asian markets for binary options have considerable growth potential and we look forward to working with our new partners on this venture. TechFinancials will make an additional payment, at its option, in either shares or cash, worth 171. JV agreement, whichever the higher.