NYSE American Ticker Symbol for Shares of New Holding Company to Remain ”BKTI”

WEST MELBOURNE, FL / ACCESSWIRE / March 28, 2019 / BK Technologies, Inc. (NYSE American: BKTI) today announced the completion of its previously announced holding company reorganization. BK Technologies Corporation is now the parent holding company of BK Technologies, Inc. (”Old BK Technologies”) and its subsidiaries.

The reorganization is intended to create a more efficient corporate structure and increase operational flexibility. No material operational or financial impacts are expected.

In the reorganization, stockholders of Old BK Technologies automatically became stockholders of BK Technologies Corporation, on a one-for-one basis, with the same number of shares and same ownership percentage of Old BK Technologies common stock that they held immediately prior to the holding company reorganization. Shares of BK Technologies Corporation common stock will trade on the NYSE American under the same ticker symbol previously used by Old BK Technologies, ”BKTI.” A new CUSIP number has been assigned to the BK Technologies Corporation common stock: 05587G 104.

The holding company reorganization is intended to be a tax-free transaction for U.S. federal income tax purposes for stockholders of Old BK Technologies.

About BK Technologies

As an American manufacturer for over 70 years, the Company is deeply rooted in the public safety communications industry, manufacturing high-specification communications equipment of unsurpassed reliability and value for use by public safety professionals and government agencies. Advances include a broad new line of leading digital two-way radios compliant with APCO Project 25 specifications. The Company’s products are manufactured and distributed worldwide under BK Radio and RELM brand names. The Company maintains its headquarters in West Melbourne, Florida, and can be contacted through its web site at www.bktechnologies.com or directly at 1-800-821-2900.

Forward-Looking Statements

This press release contains statements about future events and expectations which are ”forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements about the Company’s plans, objectives, expectations and prospects. These statements can be identified by forward-looking words such as ”may,” ”might,” ”could,” ”would,” ”will,” ”anticipate,” ”believe,” ”plan,” ”estimate,” ”project,” ”expect,” ”intend,” ”seek” and other similar expressions. Any statement contained in this press release that is not a statement of historical fact may be deemed to be a forward-looking statement. Although the Company believes that the plans, objectives, expectations and prospects reflected in or suggested by its forward-looking statements are reasonable, those statements involve risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements, and the Company can give no assurance that its plans, objectives, expectations and prospects will be achieved. Important factors that might impact the Company’s plans, objectives, expectations and prospects are contained in the ”Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018, and in the Company’s other current and periodic reports filed from time to time with the Securities and Exchange Commission. All forward-looking statements in this press release are made as of the date hereof, based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statement.

Company Contact:

BK Technologies Corporation
Timothy Vitou, President
(321) 984-1414

SOURCE: BK Technologies, Inc.

ReleaseID: 540443

MYRTLE BEACH, SC / ACCESSWIRE / March 28, 2019 / The board of directors of Coastal Carolina Bancshares, Inc. (OTCQX: CCNB) (the “Company”), parent company of Coastal Carolina National Bank (the “Bank”), announced today the declaration of a 10% stock dividend payable on May 1, 2019, to shareholders of record at the close of business on April 15, 2019.

The stock dividend provides shareholders with one new share for every ten shares held as of the close of business on the record date. Only whole shares of stock will be issued. Shareholders who hold stock certificates will receive a new certificate by mail, representing the 10% stock dividend shares. If the stock is held in a brokerage account, shares will be electronically delivered directly to the appropriate account. If applicable, a check for payment in lieu of a fractional share may also be enclosed with the new stock certificate or deposited electronically.

“We are very pleased to announce this 10% stock dividend as it nicely coincides with our 10 year anniversary which we will celebrate in June of this year. We have made significant financial progress and have now grown to seven full-service locations throughout the state of South Carolina. We are fortunate to have such a dedicated team of community bankers who serve our customers diligently in all of our markets around the state.” said Laurence S. Bolchoz Jr., president, and chief executive officer of the Company.

About Coastal Carolina Bancshares, Inc. Coastal Carolina Bancshares, Inc. is the bank holding company of Coastal Carolina National Bank, a Myrtle Beach-based community bank serving Horry, Georgetown, Aiken, Richland, Lexington, Greenville (SC), and Brunswick (NC) counties. Coastal Carolina National Bank is a locally operated financial institution focused on providing personalized service and offers a full range of banking services designed to meet the specific needs of individuals and small and medium-sized businesses. Headquartered in Myrtle Beach, South Carolina, the bank also has branches in Garden City, North Myrtle Beach, Conway, Aiken, Columbia, and Greenville, South
Carolina. Through the substantial experience of our local management and Board of Directors, Coastal Carolina Bancshares, Inc. seeks to enhance value for our shareholders, build lasting customer relationships, benefit our communities and give our employees a meaningful career opportunity. Coastal Carolina Bancshares, Inc. common stock is quoted on the OTCQX market under the symbol “CCNB.” To learn more about the Company and its subsidiary bank, please visit our website at www.myccnb.com.

Forward-Looking Statements Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include, without limitation: the effects of future economic conditions; governmental fiscal and monetary policies; legislative and regulatory changes; the risks of changes in interest rates; successful merger integration; management of growth; fluctuations in our financial results; reliance on key personnel; our ability to compete effectively; and privacy, security and other risks associated with our business. Coastal Carolina Bancshares, Inc. assumes no obligation and does not intend to update these forward-looking statements, except as required by law.

Contact: Dawn Kinard
Title: EVP/CFO
Phone: (843) 839-1953
Fax: (843) 839-5699

SOURCE: Coastal Carolina National Bank

ReleaseID: 540428

Venture capital group announces the launch of its new fund, Hypur Ventures II, that will invest up to $500MM into the legal cannabis industry

SCOTTSDALE, AZ / ACCESSWIRE / March 28, 2019 / Hypur
Ventures, a leading venture capital fund dedicated to investing in the legal cannabis industry, announced the launch of its new fund,
Hypur Ventures II. The fund is managed by Hypur Ventures II GP, LLC whose members have been operating and investing in the legal cannabis industry since 2012.

Leveraging its extensive industry experience, Hypur Ventures II will invest across the complex cannabis and hemp supply chain. The objective of Hypur Ventures II is to strategically enhance value through investments in well-managed, revenue-generating businesses. A portion of the Hypur Ventures II portfolio will focus on mergers, acquisitions and rollup opportunities. Hypur Ventures II plans to invest in private companies with seasoned operators to provide growth and acquisition capital for initiatives at various stages of maturity. Fund investments may range between $1 million to $25 million. The maximum size of Hypur Ventures II will be $500 million.

The Hypur Ventures II team prides itself on its ability to understand the markets from various angles attributable to the collective positioning of its members as operators, investors, and industry thought leaders, providing multiple distinct vantage points from within the ecosystem.

“We are confident that by investing in experienced operators and companies with strong growth and defensible business models, we have an opportunity to unlock value in one of the fastest growing industries in the world today,” says Founder and Managing Director, Christopher E. Galvin. “With the anticipated opening of the US public markets over the next 18-24 months, we expect to see significant levels of accelerating growth and long-term sustainable sector interest.”

As the industry evolves, Hypur Ventures’ second fund expects to make more investments into the industry’s infrastructure and enterprise technology businesses that support the sector. The firm will also look to qualified international markets for investment opportunities, particularly as more countries in Europe and South America introduce legislation to legalize cannabis.

About Hypur Ventures II

Hypur Ventures II is a venture capital fund dedicated to helping cannabis businesses fuel growth, gain market share, and create long-term value across the industry’s supply chain.

Forward Looking Statements

This press release may contain “forward-looking” information or statements. These statements include, but are not limited to, discussions related to the expectations of Hypur Ventures II regarding the prospective performance of its investment strategy and other non-historical statements. All forward-looking statements are based on the beliefs and assumptions of
Hypur Ventures management relative to currently available information. There can be no assurance that such forward-looking statements will be accurate. Actual results and future events could differ materially from those anticipated in such statements. For purposes of this release, the words “believe,” “anticipate,” “estimate,” “expect,” “intend” and similar expressions are intended to identify forward-looking statements. Forward-looking statements are subject to certain risks, uncertainties and assumptions. Such risks include prospective investments and acquisitions by Hypur Ventures II of portfolio companies which under US Federal laws may be construed as engaging in illegal activity. Other risks may include, but are not limited to, significant competition, potential adverse public opinion, dependence on key personnel, volatility of markets, management of growth, tax regulations which prohibit the deductibility of cannabis-related business expenses, variability of revenues, net income and cash flow, and litigation risks, among others. Hypur Ventures II undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Subscription for the purchase of limited partnership interests of Hypur Ventures II is open only to accredited investors under Rule 506(c) of Regulation D promulgated by the SEC under the Securities Act of 1933, as amended.

Additional Links

For more information on Hypur Ventures II

SOURCE: Hypur Ventures

ReleaseID: 540429

California Gold Mining Inc. (“California Gold” or the “Company”) (CSE: CGM) retracts in its entirety the press release issued earlier this morning, March 28, 2019 at 10:38 AM EST and replaces it with the following. The corrected press release is below:

TORONTO, ON / ACCESSWIRE / March 28, 2019 / California Gold Mining Inc. (“California Gold” or the “Company”) (CSE: CGM) is pleased to announce that, the Company’s Board of Directors has approved a high-CBD industrial hemp seed propagation project on a portion of its 100%-owned, 3,351 acre Fremont property (“Fremont” or the “Property”) located in Mariposa County, California.

The Company also announces receipt of confirmation from Mariposa County’s Planning Department that CGM will not be required to (1) seek re-zoning of the Property, (2) obtain a Conditional Use Permit (“CUP”), or (3) complete a California Environmental Quality Act (“CEQA”) review in order to implement its proposed plan to launch the industrial hemp project operations at Fremont.

With the recent passage of the 2018 US Farm Bill, which removed federal prohibitions on the cultivation and sale of industrial hemp in the US, subject to compliance with applicable regulations, CGM’s management believes the timing of the County’s confirmation is a very positive development for shareholders. Industry research organizations have been projecting substantial growth in the hemp-derived cannabinoid market over the next several years. One such organization, the Brightfield Group, published an article in September 2018 projecting the industrial hemp-derived CBD market could increase to over US$22 billion by 2022.

Vishal Gupta, CGM’s President and CEO stated, “Given the prolonged down-trend in the junior mining sector, and scarcity of public capital for exploration-stage mineral resource companies, the Company has been contemplating monetization of the Property with a view towards generating positive cash-flow. To that end, the Company conducted comprehensive research and due diligence on the industrial hemp sector over the past 10 months. We believe California Gold is entering the cannabinoid-rich industrial hemp space that is in its infancy. Our 100% ownership of the land, the availability of water and power, the highway connectivity, the close vicinity of skilled and unskilled labour, and our location within the most populated state in the US, makes Fremont an ideal launchpad for CGM’s high-CBD industrial hemp operations.”

The Company has retained the consulting services of Chicago-based Delta Valley Hemp (“DVH”), an industry-leader in industrial hemp cultivation that has decades of cultivation, seed propagation, permitting, crop insurance and wholesale brokering experience (both seed and flower biomass) in the US cannabis space.

The Company plans to propagate entirely feminized low-THC, high-CBD industrial hemp seed with stable genetics in a 27,000 sq. ft. greenhouse (the “Greenhouse”) that will be constructed on a portion of the Property that is not currently used or needed in connection with its ongoing gold exploration business. The total capital expenditure associated with the Greenhouse is estimated to be roughly US$2.0 million.

The Greenhouse is expected to have a total footprint of a little over one acre, and is projected to be operational in the 3rd quarter of 2019.

Forward sale of the Company’s first year’s production of feminized industrial hemp seed is currently being negotiated.

The execution of this proposed industrial hemp project is contingent on the Company obtaining additional permits from the County that include, but are not limited to, building permits, grading permits, water use and discharge permits and streambed alteration agreements. The Company will also need to complete registration with the State of California and the County’s Agricultural Commissioner. The project is also subject to the Company obtaining adequate financing.

About California Gold Mining Inc.

California Gold Mining Inc. is focused on continued development of a high-quality gold resource on its 100%-owned Fremont Property in Mariposa County, California. The Property consists of an entirely private and patented land package totaling 3,351 acres of historically producing gold mines, with a state highway, PG&E electric substation and abundant water present on the Property itself. The Property lies within California’s prolific Mother Lode Gold Belt that has produced over 50 million oz of gold. The Company purchased the Property in March 2013. The Company is also investigating establishing a greenhouse-based propagation of high-CBD industrial hemp seed on the Fremont Property, the cash flow from which could be used to continue development of its gold business, with less dilution for shareholders.

The Company’s technical report in respect of the Fremont Property prepared pursuant to National Instrument 43-101 is available on SEDAR at www.sedar.com and on the Company’s website at www.caligold.ca.

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This news release of California Gold contains statements that constitute “forward-looking statements”. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause California Gold’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Forward-looking statements in this document include statements regarding the Company’s industrial hemp seed project and its potential success, the yield and volumes of industrial hemp seed that may be produced by the project, potential sales of any such industrial hemp seed by the Company, DVH or any other party on behalf of or for the Company, revenue that may be generated by the industrial hemp seed project, the ability to obtain permits and approvals that are required before the Company can begin operations in respect of the industrial hemp seed project, the ability to obtain adequate financing for the project, the timing of completion of the Greenhouse and the beginning of project operations, the number of seed propagation cycles that may be achieved on an annualized basis, the suitability of the Property for the location of the Greenhouse and the cultivation of industrial hemp seed, among others. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated by such statements, and could materially affect the Company’s results of operations. Readers are cautioned not to place undue reliance on forward looking statements in this press release. California Gold does not undertake any obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change, unless otherwise required by law.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information contact:

Vishal Gupta, President & CEO

Tel.: 647-977-9267 x333 | Website: www.caligold.ca

SOURCE: California Gold Mining Inc.

ReleaseID: 540430

NEW YORK, NY / ACCESSWIRE / March 28, 2019 / Broadcast Management Group, Inc. (BMG) hires staffing Jason Vega to lead the company’s growing production staffing division that provides outsourcing solutions for production staffing along with production staffing recruitment services.

Jason excels at creating and nurturing employee relationships. He is a team player and a natural coalition-builder. Jason’s outgoing nature and interpersonal skills keep employees and clients engaged and helps create an environment where people feel comfortable and creativity can thrive. In addition to being fluent in Spanish, Jason picked up basic Korean during his time deployed overseas where he proudly served his country in the U.S. Army.

Broadcast Management Group provides broadcast networks, OTT Networks, digital media companies, corporations, associations, and government agencies outsourcing solutions to production staffing and recruiting. With locations in New York, Chicago, Los Angeles, Las Vegas, Miami, and Washington DC it can meet the servicing needs of its clients nationwide.

“Our production staffing division has been growing rapidly over the last several years and we have been seeking the best person to lead this year, and Jason Vega brings all of the attributes we have been looking for.” said Todd Mason, Chief Executive Officer Broadcast Management Group

“It is exciting to be part of a company who is very methodical when it comes to growth and its deep commitment to its clients and employees,” said Jason Vega, Director of Staffing and human resources, Broadcast Management Group.

Broadcast Management Group is a global media company with five practice groups: live production, broadcast consulting, creative content development, long-term production staffing, and event management. The company has offices in New York, Los Angeles, Chicago, Las Vegas, Miami, and Washington, D.C.

Contact: Jonathan Clark
Public Relations, Marketing
Broadcast Management Group, Inc.
Phone: 703.855.4896
jclark@broadcastmgmt.com

SOURCE: Broadcast Management Group, Inc.

ReleaseID: 540355

VANCOUVER, BC / ACCESSWIRE / March 28, 2019 / EastWest Bioscience Inc. (the “Company” or “EastWest”) (TSX-V: EAST) President and CEO Rodney Gelineau gives a corporate update.

Dear Shareholders,

The path to the Canadian and US Hemp and CBD markets is nothing short of exhilarating. We have made key strategic decisions for driving our future vision of the market and in 2019 we are focused on executing on our strategy, carefully adjusting where we recognize the need to and exploring and developing new opportunities as they arise.

Executing our Strategy

We believe our strategy to develop a strong line of well branded consumer products sold through mainstream stores in Canada is paying off. It is paving the way to accelerated CBD product releases into domestic and international markets. Our execution on this continues strongly. We are on target to produce several new products in all four of our mainstream product lines in 2019. Those products are being introduced into an ever-growing list of stores across Canada and being distributed by a growing stable of large distribution networks. These products are strategically placed to allow for rapid adoption of CBD enhanced versions as soon as Canadian law allows. Sales to these networks are already ramping well and we expect revenues through these channels to grow significantly through 2019.

Another area of concentration is the Sangster’s network of stores: rebuilding the Sangster’s brand and increasing revenues. While Sangster’s came with revenues, we are improving cost efficiencies throughout the Sangster’s ecosystem as well as rebuilding the marketing, product development and merchandising strategies to increase the revenues and build it into a modern household name. Sangster’s also provides the unique ability to pilot and test EastWest’s product development, marketing and merchandising internally, in real-time.

Leveraging our Manufacturing Facility

The Penticton facility is municipally zoned M1 which explicitly allows for Marijuana Production. EastWest is currently in negotiations with a BC based licensed cannabis company for a joint venture to conduct laboratory analysis, cannabis cultivation and CBD extraction. The 31,000sf Penticton facility is ideally suited for this potential JV’s needs, which will leverage existing infrastructure such as the site’s organic materials laboratory, previously in operation by Planet Organic for consumer products testing.

The facility also houses Orchard Vale Naturals (“OVN”) EastWest’s nutraceutical manufacturing and is our western Canadian warehousing. EastWest is growing revenues by increasing the volume of OEM manufacturing OVN does, as well as negotiating to add 3rd party warehousing. We have identified a market gap and are heavily targeting sellers of products who require short production runs as well as ancillary warehousing and delivery fulfilment services.

Leveraging CBD and the US Markets

We are anticipating the regulatory environment on both sides of the 49th parallel. In Canada, we are monitoring the legislation that will determine if CBD will be legal to sell as natural health products or as pharmacy products, and we continue with parallel strategies for both those scenarios. For US markets, we are awaiting TSX permission to begin sales of CBD products in the USA and hope to have the decision soon.

We are also currently negotiating with manufacturers in the USA for both CBD and non-CBD products and intend to implement our mainstream consumer products strategy for both CBD and non-CBD hemp products in the USA as soon as we have the regulatory authorization to do so.

The future opportunity of the CBD market in the US is understood to be very significant. According to sources published on Bloomberg, estimates suggest that US markets will push sales upwards of US$16B by 20261, with some opinions suggesting as high as US$130B by 20292.

While mass-market retailers (like Target, CVS or Walmart) are more likely to introduce cutting-edge natural and organic brands than they were a decade ago, CBD sales are not yet expected to materialize in a big way until all issues of domestic supply and dietary supplement vs. pharmaceutical regulatory reconciliation are resolved, and brands establish a proven track record of consumer interest in the natural and specialty retail channel. EastWest is currently building these channels through its four brands of consumer products. Interestingly, giant retailer CVS announced last week they were going to be introducing CBD in 800 stores in 8 states3, likewise Walgreens announced they will begin selling CBD in 1500 stores4. With those mainstream retailer announcements, it is likely the markets will begin to develop quickly, and once CBD products gain mass-market acceptance sales are expected to grow rapidly.

We intend to pursue rapid development of our products in the aforementioned channels and take full advantage of the current assets, channels, partners, and opportunities we’ve developed over the past 3 years and to execute the vision to develop, produce and expend to every major market in Canada and the USA.

I view this update as a step toward improving our communication with our shareholders and on behalf of the Board of Directors, the leadership team, the wider organization, I thank you for your continued support as we continue to elevate EastWest through the year ahead.

About EastWest BioScience Group

EastWest Bioscience is a vertically integrated wellness company with the infrastructure to become a global giant in the Hemp & CBD consumer health market. Since it was founded in 2016, EastWest continues to grow as a high-quality producer, manufacturer and distributor of multiple lines of premium hemp products. EastWest is strategically positioned in mainstream consumer markets with wholistic natural products and has developed distribution channels into mainstream stores and markets in Canada. The Company has a Health Canada licensed, GMP (Good Manufacturing Practices) certified manufacturing facility and produces premium brands offering natural products for a preventive care lifestyle. EastWest consumer product lines are divided into four distinct brands: 1) Natural Advancement – natural biopharmaceutical health supplements; 2) Earth’s Menu – all-natural hemp superfoods; 3) Natural Pet Science – pet food and pet supplements; and 4) Chanvre Hemp – all-natural health and beauty products. The organization will continue to focus on ongoing development of innovative, hemp-based consumer products through advanced science with clean, natural ingredients to complement its current product offerings.

ON BEHALF OF THE BOARD OF DIRECTORS
EASTWEST BIOSCIENCE GROUP

“Rodney Gelineau”
Co-Founder, Chief Executive Officer and Director

For further information, please visit www.eastwestbioscience.com or contact EastWest Bioscience Investor Relations at 1-647-394-7383 or email us at investors@eastwestscience.com.

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 RELEASE.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the terms and conditions of the Acquisition. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and delay or failure to receive board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

1Bloomberg: https://www.bloomberg.com/news/articles/2019-02-25/much-hyped-u-s-cbd-market-may-reach-16b-by-2025-cowen-says
2Bloomberg: https://www.bloomberg.com/news/terminal/PNHJDBSYF01T
3Adweek: https://www.adweek.com/brand-marketing/cvs-is-partnering-with-brands-like-medterra-to-sell-cbd-products-in-stores/
4CNBC: Walgreens to sell CBD products in 1,500 stores

SOURCE: EastWest Bioscience Inc.

ReleaseID: 540422

TORONTO, ON / ACCESSWIRE / March 28, 2019 / California Gold Mining Inc. (“California Gold” or the “Company”) (CSE: CGM) is pleased to announce that, the Company’s Board of Directors has approved a high-CBD industrial hemp seed propagation project on a portion of its 100%-owned, 3,351 acre Fremont property (“Fremont” or the “Property”) located in Mariposa County, California.

The Company also announces receipt of confirmation from Mariposa County’s Planning Department that CGM will not be required to (1) seek re-zoning of the Property, (2) obtain a Conditional Use Permit (“CUP”), or (3) complete a California Environmental Quality Act (“CEQA”) review in order to implement its proposed plan to launch the industrial hemp project operations at Fremont.

With the recent passage of the 2018 US Farm Bill, which removed federal prohibitions on the cultivation and sale of industrial hemp in the US, subject to compliance with applicable regulations, CGM’s management believes the timing of the County’s confirmation is a very positive development for shareholders. Industry research organizations have been projecting substantial growth in the hemp-derived cannabinoid market over the next several years. One such organization, the Brightfield Group, published an article in September 2018 projecting the industrial hemp-derived CBD market could increase to over US$22 billion by 2022.

Vishal Gupta, CGM’s President and CEO stated, “Given the prolonged down-trend in the junior mining sector, and scarcity of public capital for exploration-stage mineral resource companies, the Company has been contemplating monetization of the Property with a view towards generating positive cash-flow. To that end, the Company conducted comprehensive research and due diligence on the industrial hemp sector over the past 10 months. We believe California Gold is entering the cannabinoid-rich industrial hemp space that is in its infancy, with tremendous growth potential lying ahead. Our 100% ownership of the land, the availability of water and power, the highway connectivity, the close vicinity of skilled and unskilled labour, and our location within the most populated state in the US, makes Fremont an ideal launchpad for CGM’s high-CBD industrial hemp operations.”

The Company has retained the consulting services of Chicago-based Delta Valley Hemp (“DVH”), an industry-leader in industrial hemp cultivation that has decades of cultivation, seed propagation, permitting, crop insurance and wholesale brokering experience (both seed and flower biomass) in the US cannabis space.

The Company plans to propagate entirely feminized low-THC, high-CBD industrial hemp seed with stable genetics in a greenhouse (the “Greenhouse”) that will be constructed on a portion of the Property that is not currently used or needed in connection with its ongoing gold exploration business.

Based on their extensive experience in the industrial hemp sector, DVH estimates the 27,000 sq. ft. Greenhouse will generate roughly 2,000 – 3,000 pounds of this specialized seed in its first full year of operation. The seed is empirically proven to produce low-THC (< 0.3% concentration) and high-CBD (12% – 22% concentration) flower biomass. The current wholesale value for such seed is estimated to range from US$15,000 to US$30,000 per pound (based on seed sale prices obtained from Oregon-based Oregon CBD Co., and Colorado-based Blue Forest Farms and Cheyenne Mountain Seed Co.).

The Greenhouse is expected to have a total footprint of a little over one acre, and is projected to be operational in the 3rd quarter of 2019. DVH anticipates four seed propagation cycles on an annualized basis, with each cycle having a duration of roughly three months and yielding 500 – 750 pounds of seed. CGM management is targeting realization of the Company’s first revenues from the sale of seed in the 4th quarter of 2019.

Forward sale of the Company’s first year’s production of feminized industrial hemp seed is currently being negotiated.

The execution of this proposed industrial hemp project is contingent on the Company obtaining additional permits from the County that include, but are not limited to, building permits, grading permits, water use and discharge permits and streambed alteration agreements. The Company will also need to complete registration with the State of California and the County’s Agricultural Commissioner. The project is also subject to the Company obtaining adequate financing.

About California Gold Mining Inc.

California Gold Mining Inc. is focused on continued development of a high-quality gold resource on its 100%-owned Fremont Property in Mariposa County, California. The Property consists of an entirely private and patented land package totaling 3,351 acres of historically producing gold mines, with a state highway, PG&E electric substation and abundant water present on the Property itself. The Property lies within California’s prolific Mother Lode Gold Belt that has produced over 50 million oz of gold. The Company purchased the Property in March 2013. The Company is also investigating establishing a greenhouse-based propagation of high-CBD industrial hemp seed on the Fremont Property, the cash flow from which could be used to continue development of its gold business, with less dilution for shareholders.

The Company’s technical report in respect of the Fremont Property prepared pursuant to National Instrument 43-101 is available on SEDAR at www.sedar.com and on the Company’s website at www.caligold.ca.

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This news release of California Gold contains statements that constitute “forward-looking statements”. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause California Gold’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Forward-looking statements in this document include statements regarding the Company’s industrial hemp seed project and its potential success, the yield and volumes of industrial hemp seed that may be produced by the project, potential sales of any such industrial hemp seed by the Company, DVH or any other party on behalf of or for the Company, revenue that may be generated by the industrial hemp seed project, the ability to obtain permits and approvals that are required before the Company can begin operations in respect of the industrial hemp seed project, the ability to obtain adequate financing for the project, the timing of completion of the Greenhouse and the beginning of project operations, the number of seed propagation cycles that may be achieved on an annualized basis, the suitability of the Property for the location of the Greenhouse and the cultivation of industrial hemp seed, among others. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated by such statements, and could materially affect the Company’s results of operations. Readers are cautioned not to place undue reliance on forward looking statements in this press release. California Gold does not undertake any obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change, unless otherwise required by law.

Neither the Canadian Securities Exchange
nor its Regulation Services Provider (as that term is defined in the policies
of the Canadian Securities Exchange) accepts responsibility for the adequacy or
accuracy of this release.

For further information contact:

Vishal Gupta, President & CEO

Tel.: 647-977-9267 x333 | Website:
www.caligold.ca

SOURCE: California Gold Mining Inc.

ReleaseID: 540419

PHOENIX, AZ / ACCESSWIRE / March 28, 2019 / Uptick Newswire Stock Day Podcast welcomed Rooshine, Inc. (OTC Pink: RSAU), a company currently focused on the importation, distribution, and sale of alcoholic spirits. Chairman of the Company, Les McCall, joined Stock Day host Everett Jolly.

To begin the interview, Jolly asked about the Company’s recent press release about the international LOI and what it means for the Company. McCall explained that the Company has been handling a rebuild of the distillery in Scotland. The Company has recently secured funding for our purchase orders and accounts receivable that will help with this process, while also improving their cash flow. With this rebuild, the Company will be able to produce the demanded higher volumes, which will help to increase revenues and allow for substantial growth in both the USA and International markets.

Jolly then asked about the Company’s partnerships with U.S. distributors. McCall explained that previously the volumes that these distributors were requesting were difficult for the Company to handle. However, with additional PO and AR funding these requests can now become a reality.

McCall then shared that investing in spirits has become increasingly popular and valuable. Compared to gold investments, investments in spirits are growing rapidly. Previously these types of investments managed to stay under the radar, however shareholders are now becoming more and more aware.

McCall shared that the Company is now able to allow consumers to take part in their ”Adopt-A-Barrel” program, which is beneficial to both the Company and consumer allowing individuals to participate in the rapid price acceleration in these spirits. This program offers a 10% bonus of the original cost each time the contents of the barrel are used by the bottling plant.

Jolly noted that there is a rumor that the Company is considering entering the CBD industry. McCall explained that the Company has experimented with blending CBD with spirits, which proved to be quite difficult. However, the Company has managed to develop new solutions for this problem which blend the full spectrum CBD oil into the alcohol without it separating. This resulted in two initial products, Devon Clotted Cream Rum and Highland Scottish Island Cream Whiskey, which blend the full spectrum CBD oil into the alcohol without it separating.

To close the interview McCall shared that since launching their Adopt-A-Barrel program, over 50% of the barrels have been adopted. He also shared that over the next few weeks, the developments of the Company will be considerable and given the stock’s undervalued price, it’s a great time to consider investing.

To hear Les McCall’s entire interview, follow the link to the podcast here: https://upticknewswire.com/featured-interview-chairman-les-mccall-of-rooshine-inc-otcpink-rsau/

Investors Hangout is a proud sponsor of ”Stock Day,” and Uptick Newswire encourages listeners to visit the company’s message board at https://investorshangout.com/

About Rooshine, Inc

The Company was formed under the laws of the State of Nevada in April 1998. The Company’s business is currently focused on the importation, distribution, and sale of alcoholic spirits. The Company entered into a Brand Licensing Agreement with The International Spirit Vault Ltd (ISV) (f/k/a Cloudburst Distribution Pty Ltd.), to be the exclusive distributor of ISV’s Rooshine brand of spirits in North America. Rooshine’s proprietary process allow spirits to taste like a smooth 20-year aged spirit after only a week. Our smoking process allows a permanent infusion of the smoky flavors that last the entire bottle.

Forward-Looking Statement

Forward-Looking Statements certain statements in this release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified using words such as “anticipate,” “believe,” “expect,” “future,” “may,” “will,” “would,” “should,” “plan,” “projected, ” “intend,” and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company’s future operating results are dependent upon many factors, including but not limited to the Company’s ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company’s control; and (iv) other risk factors. We assume no obligation to update the information contained in this news release.

Media Contact:

Larry Curran, CEO, Rooshine, Inc.
386-673-7246
Larry@ChooseRain.com
www.drinkrooshine.com
Twitter: @rooshine

About Uptick Newswire and the ”Stock Day” Podcast

Founded in 2013, Uptick Newswire is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Uptick provides companies with customized solutions to their news distribution in both national and international media outlets. Uptick is the sole producer of its ”Stock Day” Podcast, which is the number one radio show of its kind in America. The Uptick Network ”Stock Day” Podcast is an extension of Uptick Newswire, which recently launched its Video Interview Studio located in Phoenix, Arizona.

Source Contact:

Uptick Newswire
602-441-3474
https://upticknewswire.com/

SOURCE: Uptick Newswire

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