Breaks Categories: News

FridayMay 17, 2019 11:56 am

NetworkNewsBreaks – Net Element, Inc.’s (NASDAQ: NETE) Aptito to Showcase Robust Solutions at the 2019 National Restaurant Association Show

Global technology and value-added solutions group Net Element (NASDAQ: NETE) today announced that its Aptito subsidiary’s retail and restaurant solutions will be showcased at the 2019 National Restaurant Association Show to be held at Chicago’s McCormick Place from May 18 to 21, 2019. Per the update, Aptito's presentation at the nation’s most recognized restaurant industry-focused event will showcase its robust solutions with an emphasis on its all-new Android architecture POS software. “Aptito restaurant solutions make restaurants stand out from the competition with interactive menus, self-ordering kiosks and seamless back-office integration,” Net Element Chief Technology Officer Andrey Krotov said in the…

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FridayMay 17, 2019 10:57 am

NetworkNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Announces Acquisition of Second Nevada Cultivation Facility

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) this morning announced the May 16, 2019 completion of its previously announced acquisition of a Pahrump, Nevada cultivation facility, operated by Wellness Orchards of Nevada LLC (“WON”) and Panorama WON LLC (“Panorama”) for a purchase price of $13,372,162 (CAD$16,749,970). Per the update, the acquisition expands GGB's Nevada cultivation footprint to two facilities and positions the company to supply its retail operations and enhance its current cannabis wholesale operations. To view the full press release, visit http://nnw.fm/9oHeO About Green Growth Brands Green Growth Brands creates remarkable experiences in cannabis and CBD,…

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FridayMay 17, 2019 10:03 am

NetworkNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Announces Q1 2019 Financial and Operational Results

Canadian cannabis cultivation firm The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) this morning announced its financial and operational results for the first quarter ended March 31, 2019. Among the highlights, the company reported propagation of an additional four grow rooms and confirmed that construction of the Kelowna 1 purpose-built, indoor cultivation facility is on track for completion in the third quarter of 2019. “Our team in Kelowna is doing a tremendous job balancing our construction schedule, propagating and harvesting from rooms as they come online, and refining our cultivation process as we dial in our facility,” Flowr CEO Vinay Tolia…

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FridayMay 17, 2019 9:48 am

NetworkNewsBreaks – SinglePoint, Inc. (SING) Expects Dramatic Increase in Revenue, Profitability Through Direct Solar Asset Acquisition

Technology and investment company SinglePoint (OTCQB: SING) on Thursday announced that it expects to dramatically increase revenues after completion of its largest deal to date, the asset acquisition of Direct Solar. According to the update, Direct Solar’s Lending Tree/Rocket Mortgage model allows expansion throughout the U.S. and globally and, with the backing of SinglePoint, Direct Solar will have the ability to quickly scale into new markets and establish the company’s foothold in the solar sector. “This acquisition will securely place SinglePoint on a new path towards growth, revenue and overall profitability,” SinglePoint CEO Greg Lambrecht stated in the news release.…

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ThursdayMay 16, 2019 12:07 pm

NetworkNewsBreaks – Gogo Inc. (NASDAQ: GOGO) Closes $925M Private Offering

Gogo (NASDAQ: GOGO), a leading global provider of broadband connectivity products and services for aviation, has closed a private offering to qualified institutional buyers pursuant to Rule 144A. According to the update, the offering is in the aggregate principal amount of $925 million of 9.875 percent senior secured notes due 2024 to be issued by its direct wholly owned subsidiary, Gogo Intermediate Holdings LLC, and indirect wholly owned subsidiary, Gogo Finance Co. Inc. ROTH Capital Partners acted as co-manager for the offering. “The enthusiastic response to our offerings allowed us to extend maturities and lower the interest rate on our…

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ThursdayMay 16, 2019 11:30 am

NetworkNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Enters Agreement to Acquire Blissco Cannabis Corp. (CSE: BLIS) (OTCQB: HSTRF) (FRA: GQ4B)

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced its entry into a definitive arrangement agreement with Blissco Cannabis Corp. (CSE: BLIS) (OTCQB: HSTRF) (FRA: GQ4B). Under the agreement, Supreme Cannabis will acquire all of the issued and outstanding common shares of Blissco, not already owned by Supreme Cannabis, by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia). The arrangement is an all-stock transaction with a total value of approximately C$48 million. “Blissco has built a distinct and authentic premium wellness brand. Through our strategic partnership and prior investment in the…

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ThursdayMay 16, 2019 11:15 am

NetworkNewsBreaks – Pressure BioSciences Inc. (PBIO) to Host Teleconference to Discuss Q1 2019 Financial Results and Provide Business Update

Pressure BioSciences (OTCQB: PBIO) (“PBI”), a leader in the development and sale of high pressure-based instruments, consumables, and related services for the global life sciences and other industries worldwide, on Wednesday announced that it will host a teleconference to discuss its first quarter 2019 financial results and provide a business update. The call is scheduled for May 16, 2019 at 4:30 PM ET. Interested parties may listen to the teleconference live by dialing (844) 602-0380 (North America) or (862) 298-0970 (International) and stating the following verbal passcode: PBI First Quarter 2019 Financial Call & Business Update. A replay will be…

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ThursdayMay 16, 2019 10:27 am

NetworkNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Reports Q1 2019 Financial Results, Provides Business Update

Global technology and value-added solutions group Net Element (NASDAQ: NETE) on Wednesday released its financial results for the first quarter ended March 31, 2019 and provided a business update. Net Element also hosted a conference call and webcast on May 16, 2019 to discuss first quarter 2019 financial results and business highlights, and a recorded replay of the webcast is available on the company’s website. “We are pleased with our first quarter results and ongoing progress our team has made to improve gross margins through use of scalable infrastructure and penetration of value-added technologies,” Net Element CEO Oleg Firer said…

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ThursdayMay 16, 2019 10:16 am

NetworkNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Enters LOI to Acquire SolDaze Cannabis Snack Line

TransCanna Holdings (CSE: TCAN) (FSE: TH8) this morning announced its entry into a non-binding Letter of Intent (“LOI”), dated May 15, 2019, with Tres Ojos Naturals, LLC d/b/a SolDaze, a limited liability company from Santa Cruz, California that produces cannabis-infused fruit snacks. Under the agreement, TransCanna will acquire the branding asset package, SolDaze. “Having reviewed over 100 branded products in California, we’ve been extremely selective in our acquisition vetting process,” TransCanna CEO Jim Pakulis said in the news release. “Our three mandatory acquisition criteria include SKU velocity, upward trending revenues, and products that differentiate themselves in the marketplace.  The snack…

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ThursdayMay 16, 2019 9:45 am

NetworkNewsBreaks – INmune Bio, Inc. (NASDAQ: INMB) Enters Common Stock Purchase Agreement with Lincoln Park Capital

INmune Bio (NASDAQ: INMB) this morning announced a common stock purchase agreement with Chicago-based institutional investor Lincoln Park Capital Fund, LLC (“LPC”) for up to $20 million, including an initial investment of $300,000. The investment amount is subject to the terms of the agreements with Lincoln Park and is in addition to LPC’s investment during the first round of funding in 2017, when INmune was a private company. Subject to compliance with the transaction documents, INmune will have the option to sell up to an additional $19.7 million in shares to LPC over a 24-month period. INmune believes this funding…

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