Breaks Categories: News

TuesdaySep 15, 2020 11:03 am

NetworkNewsBreaks – Kaival Brands Innovations Group Inc. (KAVL) Releases Q3 Numbers, Revenues Up Nearly 44%

Kaival Brands (OTCQB: KAVL), a company focused on growing and incubating innovative and profitable products into mature, dominant brands, has released the company’s financial results for Q3 2020. Driven by an increasing demand for the Bidi(TM) Stick, quarter-end numbers were impressive, with revenue totaling nearly $54.9 million, up almost 44% compared to the second quarter of 2020. Other quarter highlights include gross profit for Q3 reaching approximately $4.4 million while net income reached approximately $2.6 million — both numbers up significantly from the same period last year. “We had an extremely busy and fruitful third fiscal quarter,” Kaival Brands president and CEO…

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TuesdaySep 15, 2020 10:34 am

NetworkNewsBreaks – SRAX Inc.’s (NASDAQ: SRAX) BIGtoken Reveals Changes in Social Media Use During COVID-19

SRAX’s (NASDAQ: SRAX) BIGtoken, a permission-first consumer data-management platform, released a new research report that compares social media usage one month versus four months into the global pandemic. According to the update, BIGtoken surveyed its U.S. users in April and again in August to compare results and understand how the pandemic has impacted social media use. Among the results, which can be downloaded in the full report at http://nnw.fm/SVTXb, the study found that the majority of respondents, 64%, indicated that social media has helped social distancing feel less overwhelming overall. In addition, 44% of respondents indicated that they have started…

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TuesdaySep 15, 2020 10:09 am

NetworkNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), Other US Uranium Producers to Benefit from Extended Limitations on Russian Imports

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the largest uranium mining company in the United States, announced that the U.S. Department of Commerce has finalized a deal with Russia to reduce Russian imports through 2040. The Russian Suspension Agreement extends limitations on uranium imports from Russia into the United States and is a key step toward reviving the long-term health of the U.S. uranium mining industry. The agreement was originally scheduled to expire at the end of 2020 and could have resulted in unlimited Russian uranium imports into the country. “Energy Fuels thanks the Department of Commerce for its efforts in…

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MondaySep 14, 2020 3:21 pm

NetworkNewsBreaks – Seelos Therapeutics Inc. (NASDAQ: SEEL) Secures $7M in Registered Direct Offering

Seelos Therapeutics (NASDAQ: SEEL), a clinical-stage biopharmaceutical company, has closed a sale of 8,865,000 shares of common stock with certain institutional investors. According to the update, Seelos Therapeutics secured approximately $7 million in gross proceeds, with each of the shares sold at the price of $0.79. The company also agreed to issue unregistered warrants to the investors to purchase up to 6,648,750 shares of common stock in a concurrent private placement. The warrants have an exercise price of $0.84 per share of common stock, exercisable six months from the date of issuance and with an expiration date five years following…

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MondaySep 14, 2020 1:04 pm

NetworkNewsBreaks – Kaival Brands Innovations Group Inc. (KAVL) Announces Q3 2020 Results with Increased Revenues, Significant Sales Growth

Kaival Brands (OTCQB: KAVL), a company focused on growing and incubating innovative and profitable products into mature, dominant brands, today announced financial results for its fiscal 2020 third quarter ended July 31, 2020. Among the highlights, the company reported revenues of approximately $32.4 million for the third quarter of fiscal 2020 compared to $0 in the same period of the prior fiscal year. “We had an extremely busy and fruitful third fiscal quarter. We experienced a rising demand for our exclusively distributed premium product, the Bidi(TM) Stick. We have seen an increase in sales of almost 44% from the previous…

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MondaySep 14, 2020 11:08 am

NetworkNewsBreaks – Willow Biosciences Inc. (TSX: WLLW) (OTCQX: CANSF) to Webcast Live at Life Sciences Investor Forum

Willow Biosciences (TSX: WLLW) (OTCQX: CANSF), based in Vancouver, Canada, focused on manufacturing pharmaceutical-grade cannabinoids via synthetic biology, today announced that its president and CEO, Trevor Peters, will present live at LifeSciencesInvestorForum.com at 2:30 p.m. ET on September 17, 2020. Interested parties may register for and access the presentation at http://nnw.fm/UXFoz. Investors are invited to ask the company real-time questions at the live, interactive online event. An archived webcast will be available after the event for those unable to attend live on the day of the conference. To view the full press release, visit http://nnw.fm/qzyLv About Willow Biosciences Inc. Willow…

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MondaySep 14, 2020 10:05 am

NetworkNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Announces Receipt of Statement of Claim Relating to PharmHouse JV

Canopy Rivers (TSX: RIV) (OTC: CNPOF), today announced its receipt of a statement of claim filed by 2615975 Ontario Inc., the company's joint venture (“JV”) partner in PharmHouse Inc., concerning certain disputes relating to PharmHouse. According to the update, the claim makes a number of allegations against the company, Canopy Growth Corporation and TerrAscend Corp. and TerrAscend Canada Inc. (together, "TerrAscend"), including claims relating to bad faith, fraud, civil conspiracy, breach of the duty of honesty and good faith in contractual relations and breach of fiduciary duty, and claims relating to PharmHouse's offtake agreements with Canopy Growth and TerrAscend. The…

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FridaySep 11, 2020 1:13 pm

NetworkNewsBreaks – Blackbriar Regulatory Services Announces Entry Into Medical Device Manufacturing

Blackbriar Regulatory Services (“BRS”), a firm specializing in helping small to mid-sized domestic and international companies navigate the regulatory landscape to bring their FDA regulated product concepts to market, today announced its entry into medical device manufacturing. According to the update, BRS has launched mask manufacturing operations to support U.S. demand for personal protective equipment (“PPE”) amidst the COVID-19 pandemic. “When BRS was created earlier this year, medical device manufacturing was part of our predetermined business strategy,” said BRS CEO Russ Rogers in the press release. “With the COVID-19 outbreak, it made sense to accelerate our plan to enter into…

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FridaySep 11, 2020 11:55 am

NetworkNewsBreaks – Creatd Inc. (NASDAQ: CRTD) Announces Pricing of $7.76M Public Offering, Nasdaq Uplisting

Creatd (NASDAQ: CRTD, CRTDW) (Formerly Jerrick Media Holdings Inc.), the parent company and creator of the Vocal platform, today announced the pricing of its underwritten public offering of 1,725,000 units of securities at an offering price of $4.50 per unit. Creatd expects to receive gross proceeds of $7.7625 million in the offering, of which it intends to use the net proceeds to increase its marketing efforts, repay certain indebtedness, further research and development, and for general working capital. In connection with the offering, the company's common stock and warrants began trading on the Nasdaq Capital Market on September 11, 2020,…

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FridaySep 11, 2020 11:44 am

NetworkNewsBreaks – ev Transportation Services Inc. Announces New Senior Leadership Team

ev Transportation Services (“evTS”) on Thursday announced a new management team and the following appointments: Greg Horne as Chief Technology Officer; Jim Sabitus as VP of Operations (corrected from original release); Eric Burmeister as VP of Sales and Business Development; and Paul Barrett as VP of Marketing and Product. The new senior executives bring to evTS a wealth of experience and success across a range of industries and companies. “I am pleased to welcome Greg, Jim, Eric and Paul to evTS’ senior leadership team,” evTS CEO David Solomont said in the news release. “The breadth of experience, leadership qualities and…

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