Harvest 360 Technologies LLC (H360) based out of Colorado is now a wholly owned subsidiary of BLDV and the core team that has been assembled at H360 rivals that of any cannabis company in the industry.
DENVER, Jan. 29, 2019 (GLOBE NEWSWIRE) -- Blue Diamond Ventures Inc. OTCPK: BLDV
Blue Diamond Ventures Inc. makes a strong move in the Cannabis BioTech space with the acquisition of Harvest 360 Technologies LLC (H360) including an existing cannabis intellectual property portfolio and powerful team.
BLDV has been working for the last four months to secure this agreement and believes that the synergy of the combined group can drive revenues and shareholder value well beyond the levels reached in the past. H360 is a Colorado Limited Liability Company that will become a 100% wholly owned subsidiary of BLDV. The parties have signed a Letter of Intent, agreed to the timetable of the final agreement and begun combined operations on multiple projects in New Jersey, Missouri, Virginia, Colorado and Michigan.
Todd Scattini, current Global CEO for H360, will take over as Chief Executive Officer of BLDV. Recently retired from 27 years in the armed forces, Mr. Scattini spent the last 5 years of his military service as an US Army liaison officer in Europe. Scattini, who speaks six languages and has traveled extensively, adds to the global perspective of BLDV. His mission in the cannabis industry is defined by his experience in service and his desire to help bring solutions for traumatic brain and other injuries to soldiers in need. Mr. Scattini will be one of the featured Keynote Speakers at the 5th Annual Emerald Conference on February 28th 2019 in San Diego CA. and was a featured panelist at the CannX Conference in Israel, in October of 2018. As CEO Todd brings leadership, experience and an indefatigable work ethic to BLDV along with his vast network of cannabis collaborators in the US, Canada and Europe.
“Blue Diamond provided a platform to expand H360,” said Todd. “Josh Alper and his brother Jonathan are providing experience in consulting, project management and technology implementation that complements our highly skilled, motivated group. My team has been working with BLDV for almost two years and we are confident in this transaction.”
Josh Alper will move from CEO to Chief Operations Officer. Clement Hayes, one of the founders of H360 and the managing partner of Block45 Legal, a leading law firm involved in all types of IP in the Cannabis space, will be named BLDV general counsel. “Clement will be directing a SEC experienced team toward getting BLDV current on all outstanding filing and reports as well as upgrading to the QB when possible,” said Josh Alper. “H360 has been able to amass a powerful portfolio of IP, and a world class team, add this together with the tech we have coming out of Israel and the combination is unique in the industry.”
Included in the TechnologyH360 brings into Blue Diamond will be the Athena Protocol, a protocol for battlefield treatment using CBD Medicine with a unique delivery system, and the patent pending DOTs in a BOX from Chemistry Mapping, a 3D Spatial Modeling Technology that may be a game changer when it comes to cannabinoid drug development.
H360’s business development team--David Serrano H360, CTO and Sebastian Nassau H360, CMO--were the principles on the application writing team that won the bid in Virginia for Blue Diamond, and they bring their multi-tiered experience to the new combined entity. H360 can now offer end-to-end solutions from initial evaluations, through new product development and implementation of licensed IP.
BLDV and H360 will each bring their consulting activities into the one company, and all technology related holdings of BLDV will be brought into H360, including but not limited to Cannabis Clean (sanitation and safety platform), Zeno Controls, and Verve Living System. H360 will be responsible for implementing products and licenses for Cann10 North America, replacing Blue Diamond Consulting LLC previously in this role.
As part of the transaction BLDV will increase their position in Cann10 North America from 25% ownership to 49%. Cann10 North America expects to benefit from a stronger Blue Diamond Ventures, with more engagements, clients and projects to license technology.
Blue Diamond Ventures has scheduled a Shareholders Conference Call on February 12th 2019 at 2pm Eastern Time to introduce Todd Scattini and answer shareholder questions. Questions should be submitted in advance to firstname.lastname@example.org.
For More Information:
Blue Diamond Ventures, Inc. seek to partner with individuals and companies that share a common synergy, mission and vision to enable products/services that are produced, delivered and consumed utilizing fewer natural resources, providing a sustainable alternative to traditional products on the market today. As a diversified customer, centric Management / Holding Company; Blue Diamond Ventures, Inc. seeks opportunities in Medical Cannabis markets and is driven by critical thinking and the scientific method combined with diversity and solid ethical practices.
About Harvest 360 Technologies LLC
Harvest 360 Tech grew out of the mission of CEO Todd Scattini to find a way to bring relief to persons suffering from acute and chronic conditions with Medical Cannabis. Harvest 360 Tech is built on that foundation and the commitment of propelling businesses into the most productive, efficient, and compliant positions by licensing patented innovations, and providing technology solutions, including management of implementation.
This press release contains forward-looking statements. Such forward-looking statements are subject to several risks, assumptions and uncertainties that could cause the Company’s actual results to differ materially from those projected in such statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly revise any forward-looking statements.
Written by Marc Schwarz - January 29, 2019
Dots in a Box sounds like a Dr. Seuss title.
Instead it’s a potentially revolutionary technology that can transform the cannabis industry.
It’s also the centerpiece of the signed Letter of Intent for Blue Diamond Ventures Inc. to acquire Harvest 360 Technologies LLC today.
Harvest 360 Tech is both a technology holding company that licenses IP to cannabis operators and stakeholders, and a consulting firm that provides sustainable cannabis business development solutions. The LOI will make H360 Tech a wholly-owned subsidiary of Blue Diamond Ventures, Inc. an emerging growth company publicly traded on the OTC Markets (BLDV).
What is Dots in a Box?
Developed by Steven Baugh at Chemistry Mapping, it is a patent-pending technology that creates high-resolution scans of test samples and then takes the data, using a mathematical analytical tool, to create a single dot in a 3D spatial model the corresponds to the fingerprint of the complete botanical components of this test sample – in this case any form of any cannabis sample. Harvest 360 Technologies acquired the patent from Chemistry Mapping earlier this year and has a strategic partnership with the inventor.
“We’re looking to correlate chemical profiles to outcomes,” Baugh says. “The strain game isn’t working. I can go to three different dispensaries and get three different versions of Sour Diesel, so what am I really getting?”
Or more critically, he relates the effect inconsistency can have on children who suffer from Dravet syndrome. Researchers measured the number of seizures a child would have and it could go from 80 a day down to five on a particular medical marijuana product. “The dispensary would run out and they’d have to go to a vendor to try and buy the same thing, but they may go to 12 seizures a day. So we could actually see the difference between batches of products. It was a specific example of the lack of standardization, the problem we will solve in the market,” Baugh explains.
The differences from batch to batch at the same dispensary? The reason, Baugh offers, may be that they harvested three days earlier than the previous one or had less powdery mildew – any or all of which, along with 100 other factors, can affect the chemical profile.
Baugh, who has a master’s in chemistry from Colorado School of Mines and over two decades of industry experience in extraction, analysis, quality assurance, developed Dots in a Box, a chemometric visualization of chemical profiles with downstream applications.
For David Serrano, Chief Technology Officer at Harvest 360, Dots in a Box “can create a map for companies to direct their genetic programs so that they can consistently produce those effects.” Serrano leads the consulting division of Harvest 360 and may offer this tool to companies and clients looking for competitive advantage in the cannabis industry.
Harvest 360 will use the Dots in a Box technology to spearhead its Athena Protocol, a strategy using formulations of non-psychoactive cannabinoids (especially cannabidiol) and other elements as a daily supplement to essentially “armor a soldier’s brain.” Devised by Harvest 360 CEO Todd Scattini, a retired lieutenant colonel in the U.S. Army, the Athena Protocol was conceived find solutions for the Department of Defense to treat and mitigate traumatic brain injuries as well as reduce PTSD among soldiers and veterans.
Scattini will take over as CEO of Blue Diamond Ventures and Josh Alper will become the Chief Operating Officer. Clement Hayes, an accomplished cannabis IP attorney from Block45Legal, will be joining Blue Diamond Ventures as General Counsel.
For Serrano, a Hoboken native, this new venture can benefit his home state in multiple ways, including hiring employment – New Jersey has one of the nation’s highest veteran populations.
“Harvest 360 believes highly that we need to cultivate the workforce so that we can put out credible, valid information and help shape the future of this industry. A lot of these different markets are emerging and don’t have the sophistication or the support structures – New Jersey is perfect for it. The state has a huge knowledge base from researchers to pharmaceutical developers,” Serrano says.
Harvest 360’s mission is first and foremost is to develop the Athena Protocol, Serrano says, and “Dots in a Box was acquired to support that mission.”
Alper will use Dots in a Box and other IP from H360 Tech to generate revenue for Blue Diamond Ventures, by selling license agreements along with implementation support and product development.
“Generating money will give us access to additional capital to acquire more technology,” Alper says. “My specialty is capitalizing emerging technologies – that’s what I’ve done for the last 40 years in other industries prior to this. For me, cannabis is an emerging industry, both H360 Tech and BLDV are committed to science and social justice and I see tremendous potential for Blue Diamond moving forward.”
Dots in a Box can be used differently depending who’s accessing the data. Growers, distributors, doctors, patients and regulators will all benefit, Baugh says.
For instance, Dots in a Box can direct customers to their favorite products or the Drug Enforcement Agency could use it in tracking diversion because Dots in a Box may be more accurate than testing for just THC content or even genetics.
“Genetics will lead you to 50 growers. The dots will take you right to the one guy,” Baugh says.
Serrano anticipates the technology benefiting any type of producer in the cannabis space from flower growers trying to determine which types to grow to universities doing research to pharmaceutical companies looking to develop cannabis-based medicines.
“Getting access to the data is half the battle,” he says.”Knowing how to deploy it and utilize it correctly is a completely different story. And we were built for that.”