Breaks Categories: News

WednesdayJul 01, 2020 1:06 pm

NetworkNewsBreaks – Cybin Corp. Announces Reverse Take-Over and Up-To $21M Concurrent Private Placement

Cybin Corp., a mushroom life sciences company focused on psychedelic medicines and nutraceutical products, on Monday announced its entry into an amalgamation agreement dated June 26, 2020, with Clarmin Explorations Inc. (TSX.V: CX) and 2762898 Ontario Inc., a wholly-owned subsidiary of Clarmin. According to the update, completion of the transactions contemplated in the agreement will result in the reverse takeover of Clarmin by Cybin (the “Proposed Transaction”). In connection with the Proposed Transaction, Cybin plans to complete a “best-efforts” brokered private placement of subscription receipts of Cybin, with a syndicate of agents co-led by Stifel Nicolaus Canada Inc. (“Stifel GMP”)…

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WednesdayJul 01, 2020 12:34 pm

NetworkNewsBreaks – Sparta Capital Ltd. (TSX.V: SAY) Article Features Next-Gen Power Trends

Sparta Capital (TSX.V: SAY) recently released an article written by its President John O’Bireck titled, “The Power Plant of the Future may be Right in Your Home.” The piece features industry examples of the proper application of technology and its ability to reduce emissions while decreasing operating costs. The article reads, “So we were pleased to read how a community in Colorado embraced the challenge of turning their housing community into a decentralized power plant, as published in an article written by Daniel Oberhaus in the April issue of Wired Magazine. Not only do the communities he writes about have…

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WednesdayJul 01, 2020 12:12 pm

NetworkNewsBreaks – KBL Merger Corp. IV (NASDAQ: KBLM) Announces Successful Closing of Bridge Financing

KBL Merger Corp. (NASDAQ: KBLM) (KBL Merger Corp. Rights NASDAQ: KBLMR) (KBL Merger Corp. Warrant NASDAQ: KBLMW), a Special Purpose Acquisition Corporation (SPAC) that previously announced the signing of a definitive agreement to acquire CannBioRx Life Sciences Corp. (now to be referred to as "180 Life Sciences"), on Monday announced successful closing of a bridge financing, the proceeds of which will be used for working capital to complete the merger and advance its clinical programs. Per the update, Dr. James Woody will become Chief Executive Officer of 180 Life Sciences, and Dr. Larry Gold will be appointed to its Board…

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WednesdayJul 01, 2020 11:51 am

NetworkNewsBreaks – Sugarmade, Inc.’s (SGMD) BudCars Achieves Another Breakout Month With Record Growth in Every Metric

Sugarmade (OTCQB: SGMD), together with its BudCars Cannabis Delivery Service (“BudCars”), today provided current and prospective shareholders with BudCars performance data for the month of June. According to the update, BudCars achieved total sales of $502,903 in June, representing 36% sequential monthly top-line growth, with total sales and profits now growing by more than 30% m/m for the third consecutive month. “June was another breakout month for BudCars growth across basically every single metric important to gauging our progress,” Jimmy Chan, CEO of Sugarmade, stated in the news release. “Our pricing improved. Our average order improved. We did more business…

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WednesdayJul 01, 2020 11:26 am

NetworkNewsBreaks – Jerrick Media Holdings Inc.’s (JMDA) Newly Appointed CFO to Present at Shareholder Meeting

Jerrick Media Holdings (OTCQB: JMDA), a technology company and the parent company of Vocal, recently announced the appointment of three new executives to its leadership team, including Chelsea Pullano as chief financial officer (“CFO”), effective immediately. A six year veteran of the firm, Pullano will address attendees and provide an insightful and unique presentation at next week’s shareholder meeting. The meeting is scheduled to take place at 4:30 p.m. Eastern Time on Wednesday, July 8, 2020. Interested parties are reminded to pre-register at http://nnw.fm/Yt2qJ. For more information, visit https://Jerrick.media. About Jerrick Jerrick Media Holdings, Inc. is the parent company and…

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WednesdayJul 01, 2020 11:05 am

NetworkNewsBreaks – Marijuana Company of America, Inc. (MCOA) Appoints Current Board Member as EVP of Mergers and Acquisitions

Marijuana Company of America (OTCQB: MCOA), an innovative hemp and cannabis corporation, today announced the appointment of Themistocles (Tim) Psomiadis as Executive Vice President of Mergers and Acquisitions. A member of MCOA’s Board of Directors since February 28, 2020, Psomiadis will be instrumental in the implementation of the Company's strategy of accelerating growth through key acquisitions. “The addition of Tim to our group, as both member of the board and Executive Vice President of Mergers of Acquisitions is a true game changer for our Company,” MCOA CEO Jesus Quintero stated in the news release. “He brings a wealth of knowledge…

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WednesdayJul 01, 2020 10:39 am

NetworkNewsBreaks – Siyata Mobile Inc. (TSX.V: SIM) (OTCQX: SYATF) Announces Filing of Q1 2020 Financials, Issues Shareholder Update

Siyata Mobile (TSX.V: SIM) (OTCQX: SYATF) on Tuesday announced that it has filed its Q1 2020 financials and provided details on an investor conference call it will host on Thursday, July 2, to discuss these results followed by a Q&A for investors. “In line with our aggressive expansion initiatives within North America, we are seeking approval from our shareholders to make certain changes to our share structure and constating documents which will allow us to file an application to list our securities on The NASDAQ, which we are confident will open Siyata to investment from the thousands of microcap funds,…

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WednesdayJul 01, 2020 10:08 am

NetworkNewsBreaks – SRAX Inc. (NASDAQ: SRAX) Closes $13M Private Placement

SRAX (NASDAQ: SRAX), a digital marketing and consumer data management technology company, on Tuesday announced the closing of its previously disclosed $13 million private placement of senior secured convertible debentures at a fixed conversion price of $2.69. The Company received $9.1 million in net proceeds from the offering after deducting placement agent and legal fees, the repayment of loans and other estimated expenses. SRAX intends to use the proceeds to fund the rapid expansion of its investor intelligence, data analytics and communications platform, Sequire, as well as to pay back a $2.5 million outstanding secured term loan and other outstanding…

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WednesdayJul 01, 2020 9:30 am

NetworkNewsBreaks – LexaGene Holdings, Inc. (TSX.V: LXG) (OTCQB: LXXGF) Provides Update on Development Plans for Its Flagship Pathogen Detection Platform

LexaGene Holdings (TSX.V: LXG) (OTCQB: LXXGF), a biotechnology company that develops genetic analyzers for rapid pathogen detection and other molecular markers, today provided an update on development plans of its flagship pathogen detection platform for the human clinical, veterinary diagnostics and food safety sectors. As previously announced, LexaGene has recently placed a pre-commercial unit of its “LX Analyzer” in a major U.S. hospital laboratory for the testing of COVID-19, as well as submitted its plan to the FDA for Emergency Use Authorization (“EUA”). “The analyzer’s multiplex testing capability is an important part of future testing needs, especially if the anticipated…

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WednesdayJul 01, 2020 9:00 am

NetworkNewsBreaks – GoldHaven Resources Corp. (CSE: GOH) Reports Phase One Results from Adam West 2020 Exploration Program

GoldHaven Resources (CSE: GOH) (formerly Altum Resources Corp.), a Canada-based company engaged in the business of acquiring and exploring mineral resource properties, on Monday announced results from the first phase of its 2020 exploration program on its Adam West property located on northern Vancouver Island. The exploration program involved the collection of 109 grab samples and 200 soil samples. Among other highlights, the 2020 program resulted in the successful discovery of the Sisters Copper showing, with peak values of 46.4% Cu and 144 g/t Ag, and the extension of Adam West copper zone. Additionally, the mapping of the Lucky Jim…

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