Breaks Categories: News

ThursdayMar 14, 2019 11:09 am

NetworkNewsBreaks – Kontrol Energy Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8) Enters LOI to Acquire Leading Provider of Electrical Retrofit Services

Kontrol Energy Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8), a leader in the energy efficiency sector, this morning announced its entry into a letter of intent to acquire an established and leading provider of electrical retrofit services (the “Target”). Per the update, the Target has been providing the Canadian market with high quality, value-added electrical efficiency services and retrofit applications for more than 15 years. It has reported averaged unaudited revenues of over $6.5 million and normalized EBITDA of approximately $700,000 over the past three years. The proposed purchase price is C$3 million, subject to working capital adjustments with a…

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ThursdayMar 14, 2019 11:04 am

NetworkNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Co-Founder and CEO to Present at 31st Annual ROTH Conference

Leading California edibles manufacturer Plus Products (CSE: PLUS) (OTCQB: PLPRF) this morning announced that its co-founder and CEO Jake Heimark will present at the 31st Annual ROTH Conference on March 19, 2019 at 10:15 a.m. PST. The conference will be held at the Ritz Carlton, Laguna Niguel in Dana Point, California and bring together executives from more than 500 public and private companies and approximately 1,000 investors. The event offers investment ideas across a variety of sectors and provides over 4,700 attendees with company presentations, Q&A sessions, panels, and one-on-one meetings for extensive interaction with executive management to gain in-depth…

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ThursdayMar 14, 2019 10:59 am

NetworkNewsBreaks – Zenergy Brands Inc. (ZNGY) Publishes Year Long Case Study from First Zero Cost Customer

Next-generation energy utility company Zenergy Brands (OTC: ZNGY) this morning announced release of a year long Zero Cost Customer Case Study of a real-estate investor with holdings in convenient stores, gas stations, laundromats and restaurants. The study is based on data gathered from the very first Zero Cost Program agreement, entered into and installed during the fourth quarter of 2017, and encompasses data analysis for all of 2018. Zenergy has, for the sake of simplicity, narrowed the published results to two locations with a comparison of electricity usage between the benchmark time period, the actual usage during 2018 and the…

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ThursdayMar 14, 2019 10:23 am

NetworkNewsBreaks – Golden Developing Solutions, Inc. (DVLP) Provides Shareholder Update

Emerging leader in the cannabis, hemp, and cannabidiol (“CBD”) marketplace Golden Developing Solutions (OTC: DVLP) this morning provided shareholders with an update of current operations. Per the update, the size of DVLP operations is now over 30 team members in five states and four commercial locations with the latest acquisition of CBDinfusionz.com. The transaction and combined sales have reached a record high of more than $500,000 for both companies in February, and DVLP and CBDinfusionz.com have consistently doubled their sales growth every 4-6 months. DVLP has a current market cap of approximately $13.6 million and has created what it believes…

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ThursdayMar 14, 2019 9:43 am

NetworkNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Closes $1.8M Private Placement

Wildflower Brands (CSE: SUN) (OTCQB: WLDFF) on Wednesday announced that it has closed its previously announced private placement for aggregate gross proceeds of up to $1,882,000 at a price of C$0.54 per unit. According to the update, each unit consists of one issuer common share and one half of one share purchase warrant. Holders of each whole warrant will be entitled to acquire one Wildflower common share at a price of $0.85 for a period of 24 months. Once resale restrictions have expired and upon the company's shares trading at or above a weighted average price of $1.50 for 20…

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ThursdayMar 14, 2019 9:29 am

NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Affiliate Receives $10M Strategic Investment

Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced that its affiliate, Rail Vision Ltd., and Knorr-Bremse Systeme für Schienenfahrzeuge GmbH, an affiliate of Knorr-Bremse AG, executed an agreement in which Knorr-Bremse will invest $10 million in Rail Vision for a 21.3% share of Rail Vision. The investment will be made in two installments. Additionally, Knorr-Bremse has been issued warrants to purchase further shares of Rail Vision and will appoint a director and two non-voting observers to Rail Vision’s board of directors. After completion of the investment, Foresight’s holdings in Rail Vision will be 25.53% on…

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WednesdayMar 13, 2019 10:54 am

NetworkNewsBreaks – FinovateSpring 2019 Reveals Conference Demo Lineup

FinovateSpring 2019, an event focused on highlighting the best and most innovative new financial and banking technologies, is set to be held at the Hilton San Francisco Union Square in San Francisco, California, on May 7-10, 2019. The event is anticipated to host more than 1,300 attendees and over 120 visionary fintech speakers. More than 60 companies will be providing demonstrations on technologies including automated expense reporting, blockchain-based data security, virtual call center agents, business identity verification, accessible credit for SMBs, customer engagement with personalized communications, alternative credit scoring, open banking between accounts, collaborative group banking, investments influencing corporate change…

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WednesdayMar 13, 2019 9:48 am

NetworkNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) to Convert Loan to 5.55 Percent Equity Position in Mary’s Wellness Ltd.

Redfund Capital (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) this morning announced its intention to convert, into an equity position, the first tranche of a convertible secured promissory note with Mary’s Wellness Ltd. (“MWL”). According to the update, Redfund was extended the first tranche of C$100,000 from a C$1,000,000 promissory note it entered into with MWL on October 15, 2018. Redfund will own 5.55 percent of MWL upon conversion of the first tranche, and the promissory note’s remaining C$900,000 convertible balance, secured by a general security agreement on assets of MWL, will remain in place to secure additional tranches. “Redfund believes…

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TuesdayMar 12, 2019 9:44 am

NetworkNewsBreaks – Kontrol Energy Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8) Announces Application for DTC Eligibility to Trade Shares on U.S. OTCQB Market

Smart energy technology company Kontrol Energy (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8) this morning announced that it has engaged a consultant to assist in its application for eligibility to The Depository Trust Company ("DTC") for trading of the company's shares on the U.S. OTC Market. The DTC, a subsidiary of the Depository Trust & Clearing Corporation, manages electronic clearing and settlement of publicly traded companies, and the electronic method accelerates the receipt of stock, cash and the settlement process for investors trading on the OTC marketplace. “Kontrol's ongoing operating business expansion into the U.S. through both existing customers and new…

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TuesdayMar 12, 2019 9:16 am

NetworkNewsBreaks – FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) to Present at Second Annual LD Micro Virtual Conference

FinCanna Capital (CSE: CALI) (OTCQB: FNNZF), a royalty company for the U.S. licensed medical cannabis industry, recently announced that the company's President and CEO Andriyko Herchak is scheduled to deliver a presentation and answer questions during the second annual LD Micro Virtual Conference on Wednesday, March 18 at 2:40 PM ET. The conference will take place via webcast and will highlight more than 40 companies operating in the small and micro-cap space. “We are very pleased to be part of the LD Micro virtual conference and look forward to sharing recent corporate developments with interested investors and our shareholders,” FinCanna…

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