Breaks Categories: News

WednesdayJun 03, 2020 11:37 am

NetworkNewsBreaks – Spectrum Global Solutions, Inc. (SGSI) Eliminates Over $500K of Convertible Debt

Spectrum Global Solutions (OTCQB: SGSI), a leading single-source technology and services provider specializing in next-generation energy management, professional engineering and communications network infrastructure solutions, today announced that it has instituted several cost cutting measures and was able to eliminate over $500,000 of convertible debt that would have been toxic to the company’s common stock. “The elimination of toxic debt, the tightening of our belts, and the strengthening of our balance sheet, is an on-going focus for the company and will continue to be so as we manage through these trying times,” Spectrum CEO Roger Ponder said in the news release.…

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WednesdayJun 03, 2020 11:32 am

NetworkNewsBreaks – Cannabis Global, Inc. (MCTC) Discusses Strong Solution with Expected 50%+ Cost Advantage in Production of THC-V and Other Rare Cannabinoids

Cannabis Global (OTC: MCTC), a cannabinoid and hemp extract science-forward company developing infusion and delivery technologies, today announced information on its Project Varin, a nearly complete research program implemented to develop novel production technologies for rare cannabinoids, including tetrahydrocannabivarin (“THC-V”), which is not scheduled at the federal level. According to the update, the program has produced meaningful technology breakthroughs resulting in several patent filings. The company has been able to leverage these technological developments to significantly reduce the cost of exotic cannabinoids on a per-serving basis resulting in a greater than 50% expected cost advantage. “We think we have rewritten…

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WednesdayJun 03, 2020 10:40 am

NetworkNewsBreaks – Bolt Metals Corp. (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE) Eyes Opportunity Amidst Increased Investment into Indonesia’s Battery Metals Supply Chain

Bolt Metals Corp. (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE), an Indonesia-based company focused on developing battery mineral projects in the Asia‐Pacific region, today noted reporting by the Financial Times that Huayou Cobalt (“Huayou”), “China’s top cobalt producer halts buying from Congo miners.” The Democratic Republic of Congo (the “DRC”) has been widely reported to represent 60% of global cobalt production. Huayou, which supplies cobalt to battery makers LG Chem of South Korea and CATL of China, as well as Chinese carmaker BYD and Germany’s Volkswagen, is the latest conglomerate to exit the DRC, joining Apple, Google and several auto manufacturers.…

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WednesdayJun 03, 2020 10:35 am

NetworkNewsBreaks – Appreciated Media Holdings Inc. (TSX.V: AMH) (OTCQB: WDRFF) Enters LOI to Acquire “Celebrity Face Off” Television Show

Appreciated Media Holdings (TSX.V: AMH) (OTCQB: WDRFF), formerly The Wonderfilm Media Corporation, on Tuesday announced its entry into a letter of intent (“LOI”) with Douglas Magallon pursuant to which it will acquire the Worldwide Rights and Ownership for the pilot, concept, plots, themes, formats, characters, title and other elements and aspects for a television show entitled "Celebrity Face Off" for an aggregate purchase price of $225,000. Under the terms of the LOI, the purchase price for the acquisition of the show will be satisfied through the issuance of 1,500,000 common shares in the capital of Appreciated Media, which are to…

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WednesdayJun 03, 2020 9:41 am

NetworkNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Announces Update on Insolvency Proceedings Under the CCAA

Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) and certain of its direct and indirect wholly owned subsidiaries (collectively "GGB", the "company" or the “Applicants”) on Tuesday released an update on its insolvency proceedings under the Companies’ Creditors Arrangement Act (Canada) ("CCAA"). As announced on May 20, 2020, GGB filed for insolvency protection under the CCAA and obtained an order from the Ontario Superior Court of Justice (the “Court”) granting protection for an initial 10 day period until May 29, 2020, as extended until June 12, 2020. According to the update, the Court, on June 2, 2020, granted a motion filed…

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WednesdayJun 03, 2020 9:32 am

NetworkNewsBreaks – Predictive Oncology Inc. (NASDAQ: POAI) Acquires Soluble Therapeutics, Inc. and BioDtech, Inc.

Predictive Oncology (NASDAQ: POAI), a knowledge-driven company focused on applying artificial intelligence (“AI”) to personalized medicine and drug discovery, on Tuesday announced the completion of the acquisitions of two wholly owned subsidiaries of InventaBioTech, Inc., Soluble Therapeutics, Inc. and BioDtech, Inc. Included in the acquisition were certain intellectual property relating to contract research organization (“CRO”) services and technology, certain equipment useful in such services and technology and all other assets of Soluble Therapeutics and BioDtech. In consideration, POAI issued 125,000 shares of common stock and waived all remaining amounts due and payable to the company under a secured promissory note…

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TuesdayJun 02, 2020 2:52 pm

NetworkNewsBreaks – The Jboy Show Pays Tribute to Coach Dye in Podcast Series

The Jboy Show, a podcast hosted by Jake Crain that provides an in depth look at Southeastern Conference (“SEC”) sports with a focus on the SEC West, on Monday released the first in a series of episodes paying tribute to Pat Dye. The legendary Auburn football coach died at the age of 80 on Monday, June 1. In the episode, Jboy interviews one of Dye’s former players, Benji Roland, giving listeners a perspective on what exactly Coach Dye meant to Auburn and his players. “It's a tough day in the state of Alabama. He impacted everybody,” Benji Roland stated in…

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TuesdayJun 02, 2020 11:52 am

NetworkNewsBreaks – Ceylon Graphite Corp. (TSX.V: CYL) (OTC: CYLYF) (FSE: CCY) Secures First Commercial Sale of Natural Graphite

Ceylon Graphite (TSX.V: CYL) (OTC: CYLYF) (FSE: CCY) today announced its first sale of graphite from its wholly owned subsidiary, Sarcon Development (Pvt) Ltd since the commencement of commercial production in December 2019. The sale of 1 ton of vein graphite with a Carbon content of 95-97% was to 2D Materials Pte Ltd of Singapore. 2D Materials purchased the graphite to assess it for its graphene production needs. The order is anticipated to ship immediately. “We are excited by this first order,” Ceylon Graphite CEO Bharat Parashar stated in the news release. “We know from our own testing and the…

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TuesdayJun 02, 2020 11:31 am

NetworkNewsBreaks – InvestorBrandNetwork to Repeat Outreach Strategy in Continued Successful Collaboration for MoneyShow Virtual Event

InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company, today announced its media sponsorship of the upcoming MoneyShow Virtual Event, slated to take place from June 10-12, 2020. According to the update, IBN will again serve as an official media partner following a successful collaboration for the event’s May session, where more than 19,000 investors and traders registered to participate. Expectations are high for even greater numbers going forward. “We are pleased to continue this successful collaboration and serve as an official media partner of MoneyShow’s next virtual event,” IBN’s Director of Communications, Jonathan Keim, said in the news release.…

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TuesdayJun 02, 2020 11:09 am

NetworkNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTC: WLDFF) Announces $5.3 Million in Revenues for Q3

Wildflower Brands (CSE: SUN) (OTC: WLDFF) today announced $5.3 million in revenues in its third quarter, compared to $2.5 million in the previous year’s third quarter and $5.5 million in the second quarter. According to the update, revenues were slightly less than last quarter; however, even with unforeseen circumstances and business affected by Covid-19, Wildflower was able to operate with a net gain of $101,435 compared to a loss of $(1,019,862) in the third quarter of 2019. Wildflower’s U.S. operations have been curtailed due to the closure of many retail locations where the Company’s products are sold.  Manufacturing and sales…

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