Breaks Categories: News

TuesdayDec 03, 2019 9:47 am

NetworkNewsBreaks – Sugarmade, Inc. (SGMD) Employs Aggressive M&A Roll-Up Strategy

Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, is pursuing an aggressive merger and acquisition (“M&A”) roll-up strategy to position itself as a leader in the hydroponics sector. The company is presently in preliminary talks with six hydroponic and agricultural supply targets in the U.S. and central Europe. SGMD is targeting companies with an EBITDA margin of at least 8% and prefers to pay a reasonable multiple to revenue, with 10% in cash and 90% in stock with exact terms dependent on market conditions. Sugarmade recently closed its acquisition of BZRTH Inc. for roughly 1x…

Continue Reading

MondayDec 02, 2019 12:51 pm

NetworkNewsBreaks – Bhang Inc. (CSE: BHNG) (OTCQX: BHNGF) Announces Q3 2019 Financial Results

Bhang (CSE: BHNG) (OTCQX: BHNGF), a global cannabis CPG brand company with an extensive, award-winning portfolio of products, today released its financial and operating results for the third quarter ending September 30, 2019. Among the highlights, the company reported revenues of $1,285,746 for Q3 2019 and $4,042,162 for the nine months ending September 30, 2019, which represented significant increases of 368% and 463% over the same periods for the prior year. According to the update, Bhang is now expressly focused on rationalizing its current assets, driving efficiencies through cost and overhead reductions and improving execution on its existing product portfolio…

Continue Reading

MondayDec 02, 2019 11:50 am

NetworkNewsBreaks – Youngevity International Inc.’s (NASDAQ: YGYI) Khrysos Industries Brings Triple Distillation System On Line in Florida Facility

Youngevity International (NASDAQ: YGYI), a leading omni-direct lifestyle company, together with its wholly-owned subsidiary, Khrysos Industries, Inc., today announced that Khrysos has brought a new triple distillation system online at its recently leased 82,000 square foot post processing and finished goods production facility in Orlando, Florida. According to the update, the new system is planned to be used exclusively for hemp oil remediation on a toll processing basis. In addition, Khrysos Industries announced that the company has increased capabilities in Isolate production by bringing online two 150 Isolate Reactors, expected to increase its ability to produce Isolate by 6-fold. "We…

Continue Reading

MondayDec 02, 2019 11:09 am

NetworkNewsBreaks – Grapefruit Boulevard Investments Inc. (IGNG) Announces Completion of GBI Audit, Super 8-K Filing

Grapefruit Boulevard Investments (OTCQB: IGNG) (“GBI”), a Los Angeles based California corporation and wholly owned subsidiary of Imaging3, Inc., a Delaware corporation (OTCQB: IGNG) (collectively “Grapefruit” or the “Company”), today announced the Company’s November 29, 2019 filing of Amendment No. 1 to its current report on Form 8-K, which was originally filed on July 16, 2019. The Financial Statements and the Pro Forma Financial Statements were prepared by GBI’s Independent Auditor, SingerLewak LLP. “We are extremely grateful to SingerLewak and its team for their professionalism and dedication in conducting our initial audit which enabled us to file our Super 8-K,”…

Continue Reading

MondayDec 02, 2019 10:39 am

NetworkNewsBreaks – Siyata Mobile Inc. (TSX.V: SIM) (OTCQX: SYATF) to be Main Supplier in Closed Government Tender for Push-to-Talk Over Cellular (“PoC”) Devices

Siyata Mobile (TSX.V: SIM) (OTCQX: SYATF) today announced that it will be the main supplier of a closed government tender to deliver up to 15,000 Push-to-Talk Over Cellular (“PoC”) devices for various government agencies. According to the update, dependent on the total units and rugged handsets/ in-vehicle devices mix, the tender is valued between $3M to $5M and anticipated for delivery in the first half of 2020. “With an unprecedented backlog going into the new year, coupled with our sales opportunity pipeline in the U.S., we anticipate 2020 to be an exceptional year for Siyata. Upgrading to next generation PoC…

Continue Reading

MondayDec 02, 2019 9:57 am

NetworkNewsBreaks – Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) Entering Commissioning Phase of its First-of-a-Kind Direct Lithium Extraction Demonstration Plant

Standard Lithium (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF), an innovative technology and lithium development company, today announced successful installation of its industrial-scale Direct Lithium Extraction Demonstration Plant at Lanxess’ South Plant facility in southern Arkansas. According to the update, Standard Lithium’s project team has also installed the site office/control room, the lithium-specific analytical laboratory, and a steel-framed, all-weather structure that allows year-round operation. Standard Lithium’s 20+ person on-site project team will commence the commissioning phase once all utility/service connections, as well as brine and reagent supply and disposal lines are complete. “The commissioning of our industrial-scale pre-commercial plant will solidify…

Continue Reading

WednesdayNov 27, 2019 9:34 am

NetworkNewsBreaks – Chemesis International Inc. (CSE: CSI) (OTCQB: CADMF) (FRA: CWAA) Announces Q1 2020 Financial Results

Chemesis International (CSE: CSI) (OTCQB: CADMF) (FRA: CWAA) on Tuesday announced its financial results for the first quarter of 2020 ended September 30, 2019. Among the highlights, Chemesis reported a 279% increase in revenue to C$4.7 million compared to the same period of the prior fiscal year, as well as a 16% increase in revenue from the most recently completed fourth quarter of the prior fiscal year. “The company continues to execute on its strategy by integrating assets, which were acquired during fiscal Q1, 2020,” Chemesis Chief Executive Officer Edgar Montero said in the news release. “Chemesis will continue to…

Continue Reading

TuesdayNov 26, 2019 12:34 pm

NetworkNewsBreaks – Dama Financial to Offer Free Banking Access to Eligible Cannabis-Related Businesses

Dama Financial, a leading provider of access to electronic banking and payment solutions, this morning announced its plan to offer cannabis-related businesses (“CRBs”) that qualify under its Social Equity Program (“SEP”) free access to banking. The company has designed the financial infrastructure specifically for CRBs that are impeded by the shortcomings related to cash-based operations. Businesses that qualify for application to their respective state or county’s SEP are now authorized to apply to Dama’s SEP and obtain free access to banking. To view the full press release, visit http://nnw.fm/r2AB3 About Dama Financial Dama Financial provides transparent, sustainable banking and payment…

Continue Reading

TuesdayNov 26, 2019 12:06 pm

NetworkNewsBreaks – LiveWire Ergogenics Inc. (LVVV) Completes Official Launch of 7X Pure Verification System and Website

LiveWire Ergogenics (OTC: LVVV) today announced the launch of the first 7X Pure Compliance and Dosage Verification System for cannabis products and website www.7XPure.org. LiveWire Ergogenics, in cooperation with Basso Botanicals, launched the 7X Pure system, which provides third party verification of material of origin, potency, purity, dosage, labeling and more and, after approval, verifies each product with a digital identity and clearly-identifiable chain of custody. “We have been working closely with Basso for some time to fine tune and perfect our 7X Pure Testing and Verification system,” Livewire Ergogenics CEO Bill Hodson said in the news release. “We are…

Continue Reading

TuesdayNov 26, 2019 11:33 am

NetworkNewsBreaks – Siyata Mobile Inc. (TSX.V: SIM) (OTCQX: SYATF) Secures Min $1.8 M to Equip Taxis with Innovative CP250 In-Vehicle Smartphone

Siyata Mobile (TSX.V: SIM) (OTCQX: SYATF) today announced its receipt of an additional purchase order from a leading taxi technology distributor for a minimum of $1.8M CDN. According to the update, the customer will equip its taxis with Siyata’s innovative 4G/LTE CP250 in-vehicle smartphone, with the potential to increase the order by an additional 50%. “This additional purchase order is a strong validation of the importance of a streamlined device to be the backbone of communications within a commercial vehicle and in this case a taxi,” Siyata Mobile CEO Marc Seelenfreund said in the news release. “With the CP250, taxi…

Continue Reading