Breaks Categories: News

FridaySep 04, 2020 12:17 pm

NetworkNewsBreaks – Net Element, Inc.’s (NASDAQ: NETE) Pending Merger Partner Brings Stiff Competition for Tesla Inc. (NASDAQ: TSLA)

Net Element’s (NASDAQ: NETE) pending merger partner, Mullen Technologies, an emerging electric vehicle ("EV") manufacturer and technology company, was featured in a recent CarBuzz article. The piece titled, “New Tesla Model Y Rival Has Over 600 Miles Of Range,” describes competition Tesla's (NASDAQ: TSLA) Model Y will face from electric crossovers including Fisker Inc.'s (NYSE: SPAQ) Fisker Ocean, the Mercedes EQA and, specifically, the range capabilities of new competitor, the Mullen MX-05. The article reads, “Powering the Mullen MX-05 . . . will be a 150-kWh solid-state battery developed by China-based engineering firm Linghang BOAO. . . . Based on…

Continue Reading

FridaySep 04, 2020 11:35 am

NetworkNewsBreaks – Centrus Energy Corp. (NYSE American: LEU) Secures $23.5M in Underwritten Public Offering

Centrus Energy (NYSE American: LEU) has secured approximately $23.5 million in gross proceeds in the closing of an underwritten public offering of 2,350,000 shares of its Class A Common Stock, each sold at the public offering price of $10.00. In addition, the company has granted the underwriters a 30-day option to purchase up to an additional 352,500 shares of Class A Common Stock at the public offering price. Centrus intends to use the proceeds for general working capital, investment in technology development and to repay outstanding debt or retire shares of its Series B Senior Preferred Stock. Roth Capital Partners…

Continue Reading

FridaySep 04, 2020 11:10 am

NetworkNewsBreaks – PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) Now in ‘Full Commercialization Mode’ with Accelerated US Expansion

PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA), together with its U.S. leasing division, MUSA Auto Finance LLC, are accelerating expansion across the United States with Arizona- and Oklahoma-based dealerships and drivers now able to use MUSA’s groundbreaking digital-transaction platform. According to the update, the expansion to Arizona and Oklahoma, with a population of almost seven million, adds to MUSA’s existing availability to the 90 million residents of California, Texas and Florida. As a result, almost 100 million Americans can now access MUSA to lease and finance a car from their smart phones and other digital devices, with lease approvals…

Continue Reading

FridaySep 04, 2020 10:46 am

NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Announces Rail Vision’s Entry into Strategic Commercial Agreement

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced that its affiliate, Rail Vision Ltd., has signed a commercial agreement with an affiliate of Knorr-Bremse AG (Frankfurt: KBX), a $17 billion European-based group, to supply Rail Vision’s Assisted Remote Shunting (“ARS”) systems to a leading European train operator. Foresight owns approx. 24% of Rail Vision’s outstanding share capital. As previously announced, Rail Vision received an initial order from the European train operator for an ARS prototype system to be installed on locomotives in switchyards and to execute an Operational Functional Test (“OFT”) for a…

Continue Reading

FridaySep 04, 2020 10:17 am

NetworkNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Scheduled Release of Q4 and Year-End 2020 Results

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), on Thursday announced that it will be reporting its fourth quarter financial results for the three months and year ended June 30, 2020 after markets close on Thursday, September 24, 2020. According to the update, the company will host a conference call to discuss the results at 8:00 a.m. Eastern Time on Friday September 25, 2020. Interested parties may join the call by dialing 416-764-8659 or 1-888-664-6392 and entering conference ID 36043231. The call can also be accessed through the following webcast link: https://bit.ly/2GffGyf. To view the full press release, visit…

Continue Reading

FridaySep 04, 2020 9:35 am

NetworkNewsBreaks – Trxade Group, Inc. (NASDAQ: MEDS) to Present at September Virtual Investor Conferences

Trxade Group (NASDAQ: MEDS), an integrated drug procurement, delivery and health-care platform, on Thursday announced that it will participate in the following virtual investor conferences during the month of September 2020: the Colliers Institutional Investor Conference on September 10 and the H.C. Wainwright 22nd Annual Global Investment Conference on September 14-16. Trxade Group CEO Suren Ajjarapu is scheduled to host a virtual presentation at 1:30 p.m. Eastern time on September 16 during the H.C. Wainwright conference and will participate in one-on-one meetings throughout the day at both events. For more information or to schedule a one-on-one meeting with Trxade Group…

Continue Reading

ThursdaySep 03, 2020 1:45 pm

NetworkNewsBreaks – Lineage Cell Therapeutics Inc. (NYSE American: LCTX) (TASE: LCTX) Receives More than $24M Payment, Provides Cash for Business Plan

Lineage Cell Therapeutics (NYSE American: LCTX) (TASE: LCTX), a clinical-stage biotechnology company developing novel cell therapies for unmet medical needs, has received a $24.6 million cash payment from Juvenescence Ltd. The payment from Juvenscence, a biopharmaceutical company that is building a pipeline of therapeutic assets to target aging, represents principal and interest due under a convertible promissory note issued in August 2018. The payment provides more than two years of cash runway for Lineage, which has identified several plans and objectives for the remainder of 2020. “Lineage has been tremendously successful at monetizing its extensive patent and technology portfolio, most notably…

Continue Reading

ThursdaySep 03, 2020 1:25 pm

NetworkNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) Announces Closing of First Tranche of Private Placement

Pac Roots (CSE: PACR), a Canadian cannabis company dedicated to producing premium-quality strains and products by leveraging a genetics-focused approach, today confirmed the closing of the first tranche of its previously announced non-brokered private placement. According to the update, aggregate gross proceeds of C$470,750.00 were raised in the first tranche through the issuance of 1,883,000 units. Each unit consists of one share and one warrant, exercisable at C$0.40 per share for 24 months from issuance. Pac Roots intends to close additional tranches of the private placement over the coming weeks that will, in aggregate with the first tranche, raise gross…

Continue Reading

ThursdaySep 03, 2020 12:55 pm

NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Announces Proposed Arrangement with Arm’s-Length Lender, Affiliate

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, today announced a proposed arrangement with an existing arm’s-length lender and its affiliate. Under the agreement, the lender will exercise existing warrants of Petroteq Energy for a minimum of US$61,050 in gross proceeds to the company, which it would use to pay accrued and unpaid interest on three existing convertible debentures of the company held by the affiliate. The transactions addressed in the update are subject to completion and execution of definitive agreements and all necessary approvals,…

Continue Reading

ThursdaySep 03, 2020 12:28 pm

NetworkNewsBreaks – The Very Good Food Company Inc. (CSE: VERY) (OTC: VRYYF) (FSE: 0SI) Announces Industry Leading Q2 Results

The Very Good Food Company (CSE: VERY) (OTC: VRYYF) (FSE: 0SI) (“VGFC”) recently announced its second quarter (“Q2”) financial results for the period ended June 30, 2020. Among the highlights, the company reported a 395% year-over-year increase in revenues to $1,100,816 million. "We were extremely pleased with our financial performance this quarter, with revenue growth and gross margins both producing industry leading results,” VGFC CEO Mitchell Scott said in the news release. “With a very healthy balance sheet and quickly growing demand for our products, we are in a position of strength as we charge forward with our international expansion.…

Continue Reading