Welcome!

News Feed Item

Bayhorse Silver Announces the Engagement of Consultants to Explore Potential Business Opportunities in the Medical Marijuana Field

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/03/14 -- Bayhorse Silver Inc. ("Bayhorse" or the "Company") (TSX VENTURE: BHS), reports that, consistent with its continuing programs to create additional shareholder value, it has formalized two consulting agreements with specialists who are active in the medical marijuana industry to advise the Company with respect to the multiple business and investment opportunities that are emerging in this newly legalized and regulated industry in the U.S. and Canada.

The first agreement is with Mr. Eben von Ranson of Spokane, WA. Mr. von Ranson is a master grower, an experienced consultant and the sole owner of Blueroots Cannabis LLC. Mr. von Ranson has been a grower of medical marijuana since 2004 and has designed, engineered and constructed four medical marijuana growing operations in the state of Montana and two in the state of Washington. Blueroots Cannabis LLC is preparing to operate a 16,000 sq. ft. facility in Spokane, WA and has made a "Growers Application" to the State of Washington to construct a marijuana growing operation in this facility. Our consulting agreement with Mr. von Ranson speaks to his understanding of all facets of this new, diverse and emerging industry.

The second agreement is with Canna-Hydro LLC, based in Las Vegas, NV. Canna-Hydro LLC provides business consulting services in the states of Colorado and Washington related to: 1) legal and licensed medical marijuana operators; 2) licensed growers of recreational marijuana which have passed the legalization process; 3) licensed retail recreational dispensaries in states that have passed the legalization process: 4) creating a highly efficient, environmentally superior, urban-based facility to grow high quality cannabis using proprietary technology referred to as the Vertically Integrated Continuous Cultivations System ("VICCS"); Canna-Hydro is a business services and component manufacturing firm.

The consultants will work closely with the Company to define and quantify potential opportunities and investments in the marijuana industry, and to determine the financial needs and viability of the businesses. The consultants will also review the opportunities for business relationships with other companies that are seeking, or have made, "Growers Applications" in the State of Washington.

The terms of the consultancy agreements are for US$5,000 per month per consultant for six months, and the granting of 100,000 incentive stock options each.

The Company cautions that it has not yet entered into any agreements in respect of business opportunities in the legalized medical and recreational marijuana industry in the United States, or in Canada, where the national legalization of medical marijuana by the Canadian government has created a substantial business opportunity for cannabis production and sale, nor is there any assurance that the Company will acquire interests or enter into agreements in respect of this new industry.

In the event the Company does identify and consider business opportunities or relationships in the medical marijuana field, any potential business transaction(s) that comes from the opportunities will be subject to the policies of, and approval of, the TSX Venture Exchange (TSX-V).

Bayhorse Silver has already provided its shareholders with shares in two new companies that have been spun off to its shareholders recently through Plans of Arrangement. Archean Star Resources, which was spun off through Plans of Arrangement to Bayhorse shareholders in January of 2011, and Silcom Systems Inc, which was spun off to Bayhorse shareholders in January 2014. Bayhorse received approximately 10 million shares of Archean Star in that transaction, that it recently sold for approximately $750,000.

Bayhorse Silver Inc is a tier 2 mining company listed on the TSX Venture Exchange, and its principal business is mineral exploration and development through its principal properties, being the Alexander River gold project in New Zealand and its recently acquired Bayhorse Silver Mine project in east-central Oregon. The Company also has a 100% interest in two other New Zealand gold projects, Red Queen and Paparoa, where it is actively pursuing exploration. The Company also holds a 30% net profit interest in the Flagstaff Barite Mine, and anticipates this NPI will produce revenue as early as late 2014.

The Company announces the issuance of 400,000 incentive stock options to consultants of the Company exercisable at a price of $0.20 cents for five years.

ON BEHALF OF THE BOARD

Graeme O'Neill, President

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.

Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf except as required by law.

Contacts:
Bayhorse Silver Inc.
Graeme O'Neill
President
(604) 684-3394
www.bayhorsesilver.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
"We do one of the best file systems in the world. We learned how to deal with Big Data many years ago and we implemented this knowledge into our software," explained Jakub Ratajczak, Business Development Manager at MooseFS, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Today, we have more data to manage than ever. We also have better algorithms that help us access our data faster. Cloud is the driving force behind many of the data warehouse advancements we have enjoyed in recent years. But what are the best practices for storing data in the cloud for machine learning and data science applications?
All zSystem customers have a significant new business opportunity to extend their reach to new customers and markets with new applications and services, and to improve the experience of existing customers. This can be achieved by exposing existing z assets (which have been developed over time) as APIs for accessing Systems of Record, while leveraging mobile and cloud capabilities with new Systems of Engagement applications. In this session, we will explore business drivers with new Node.js apps ...
As Cybric's Chief Technology Officer, Mike D. Kail is responsible for the strategic vision and technical direction of the platform. Prior to founding Cybric, Mike was Yahoo's CIO and SVP of Infrastructure, where he led the IT and Data Center functions for the company. He has more than 24 years of IT Operations experience with a focus on highly-scalable architectures.
The technologies behind big data and cloud computing are converging quickly, offering businesses new capabilities for fast, easy, wide-ranging access to data. However, to capitalize on the cost-efficiencies and time-to-value opportunities of analytics in the cloud, big data and cloud technologies must be integrated and managed properly. Pythian's Director of Big Data and Data Science, Danil Zburivsky will explore: The main technology components and best practices being deployed to take advantage...
For years the world's most security-focused and distributed organizations - banks, military/defense agencies, global enterprises - have sought to adopt cloud technologies that can reduce costs, future-proof against data growth, and improve user productivity. The challenges of cloud transformation for these kinds of secure organizations have centered around data security, migration from legacy systems, and performance. In our presentation, we will discuss the notion that cloud computing, properl...
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound e...
"MobiDev is a Ukraine-based software development company. We do mobile development, and we're specialists in that. But we do full stack software development for entrepreneurs, for emerging companies, and for enterprise ventures," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Digital Transformation is well underway with many applications already on the cloud utilizing agile and devops methodologies. Unfortunately, application security has been an afterthought and data breaches have become a daily occurrence. Security is not one individual or one's team responsibility. Raphael Reich will introduce you to DevSecOps concepts and outline how to seamlessly interweave security principles across your software development lifecycle and application lifecycle management. With ...
With more than 30 Kubernetes solutions in the marketplace, it's tempting to think Kubernetes and the vendor ecosystem has solved the problem of operationalizing containers at scale or of automatically managing the elasticity of the underlying infrastructure that these solutions need to be truly scalable. Far from it. There are at least six major pain points that companies experience when they try to deploy and run Kubernetes in their complex environments. In this presentation, the speaker will d...
Dhiraj Sehgal works in Delphix's product and solution organization. His focus has been DevOps, DataOps, private cloud and datacenters customers, technologies and products. He has wealth of experience in cloud focused and virtualized technologies ranging from compute, networking to storage. He has spoken at Cloud Expo for last 3 years now in New York and Santa Clara.