Breaks Categories: News

FridayAug 30, 2019 9:56 am

NetworkNewsBreaks – IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3) Releases Fiscal 2019 Q2 Financial Results, Achieves $5.9M Revenue Milestone

IONIC Brands (CSE: IONC) (OTC: IONKF) (FRA: IB3) on Thursday released its second quarter 2019 financial results as it achieves a $5.9M revenue milestone for the first half of year. The company reported highlights for the quarter ended June 30, 2019 that include completion of a number of strategic acquisitions, as well as a concurrent brokered and non-brokered debenture unit offering raising approximately C$20 million in gross proceeds. “We are very pleased with our second quarter financial results, achieving our focus of increasing sales growth while closing a successful financing for various strategic business acquisitions all in a span of…

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FridayAug 30, 2019 9:34 am

NetworkNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Portfolio Company Acquires Ultra-Premium Cannabis Brand

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) on Thursday announced that its portfolio company TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF) has entered definitive agreements to acquire ABI SF, LLC. ABI SF operates a Bay Area cannabis cultivation facility and owns the State Flower brand, which is recognized for its ultra-premium cannabis flower. California-based cannabis producer State Flower focuses on its craft approach to cultivation, using first-class genetics at an Envirocann certified facility in San Francisco. “This announcement is yet another example of TerrAscend delivering on its U.S. expansion plans, providing ever-growing U.S. exposure to Canopy Rivers' and TerrAscend's shareholder base,” Canopy…

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ThursdayAug 29, 2019 11:11 am

NetworkNewsBreaks – Seelos Therapeutics, Inc. (NASDAQ: SEEL) Closes $6.7 Million Offering

Clinical-stage biopharmaceutical company Seelos Therapeutics (NASDAQ: SEEL) has closed a sale of 4,475,000 shares of common stock with certain institutional investors. According to the update, the offering resulted in approximately $6.7 million in total gross proceeds, with each of the shares sold at a price of $1.50. The company has also agreed to issue the investors, in a concurrent private placement, unregistered warrants to purchase up to 2,237,500 shares of common stock. The warrants have an exercise price of $1.78 per common stock share and will be exercisable six months and expire four years from the date of issuance. Seelos…

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ThursdayAug 29, 2019 10:27 am

NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Announces Positive Progress on Plant Expansion Permit

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), a fully integrated surface oil sands mining oil company with proprietary technology‎, today announced the ending of the 30-day comment period for its 3,000 barrel per day expansion permit, indicating that the State of Utah, Department of Oil, Gas, and Mining Division (“UDOGM”) did not receive any comments on the company’s Significant Revision Notice of Intent (“NOI”). Based on the July 23, 2019 tentative approval letter and since no comments were received, the UDOGM has indicated that it can now formally approve Petroteq’s proposed expansion NOI, contingent on final modification of the reclamation contract…

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ThursdayAug 29, 2019 10:20 am

NetworkNewsBreaks – VPR Brands LP (VPRB) Designated as Exclusive Vendor for JUST Brands in New Line of Vape Batteries

Innovative technology holding company VPR Brands LP (OTCQB: VPRB) this morning announced that it was designated as the exclusive vendor to design and manufacture vape batteries for JUST Brands, most commonly known for JUST CBD. According to the update, the new line will be known as JUST Batteries and will build out a comprehensive high-quality assortment of vaporizer batteries. “JUST Brands hit it out of the park with their JUST CBD brand, and the new battery and vape line will be a nice addition to fill out their offering to their distribution channels,” Kevin Frija, CEO of VPR Brands LP,…

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ThursdayAug 29, 2019 9:40 am

NetworkNewsBreaks – Geyser Brands Inc. (TSX.V: GYSR) Releases Q1 Financial Results, Provides Solace Acquisition Update

Geyser Brands (TSX.V: GYSR) this morning released its first quarter financial statements for the three months ended June 30, 2019. According to the update, the company generated its first revenues of $79,434 during the quarter and reported $64,690 in gross profit, representing an 81 percent gross profit margin. In addition, Geyser Brands announced that, in connection with its conditional approval of the Solace Management Group Inc. acquisition, it is submitting all information to the TSX Venture Exchange for review. “We have begun to operationalize our manufacturing and processing capabilities, generating our first revenues during Q1,” GYSR CEO Andreas Thatcher said…

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ThursdayAug 29, 2019 9:32 am

NetworkNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Posts Q2 2019 Financial and Operating Results

VIVO Cannabis (TSX.V: VIVO) (OTCQX: VVCIF) on Wednesday announced financial and operating results for the second quarter 2019. Among other highlights, the company reported net revenue of $5.3 million in the quarter, representing a five-fold increase from the same period last year. The company’s senior management will be hosting a conference call to discuss the results today, August 29 at 10:00 AM ET. To join the call, dial 647-427-7450 or 1-888-231-8191 using the conference ID 4479716. “The progress our team has made on all four of our strategic priorities positions us well for future growth,” VIVO CEO Barry Fishman stated…

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WednesdayAug 28, 2019 9:46 am

NetworkNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Acquires Second The+Source Location

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) today announced the closing of its acquisition of Henderson Organic Remedies, LLC (“The+Source Henderson”), which was previously disclosed on December 14, 2018. According to the update, the Henderson location is the second The+Source dispensary operated by GGB in greater Las Vegas, with similar productivity in both locations. “The+Source Henderson has been under our management for the last nine months,” Green Growth Brands CEO Peter Horvath said in the news release. “In that time, we have grown revenue, transactions and gross margin by double digits. Our ability to significantly improve top…

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WednesdayAug 28, 2019 9:29 am

NetworkNewsBreaks – VPR Brands LP (VPRB) Announces Upcoming Launch of Popular E-Cigarettes Brand KRAVE

VPR Brands LP (OTC: VPRB), an innovative technology holding company, on Tuesday announced the approaching re-launch of its most popular e-cigarettes brand, KRAVE. KRAVE salt nicotine e-cigarettes are a great tasting, high quality alternative to cigarettes. The initial launch will include convenient disposable pod unit vaporizers that will retail at $7.95. “Our KRAVE Brand was once one of the Top 3 recognized brands of electronic cigarettes and had distribution in convenience, gas and drug stores nationwide. Our disposable vaporizers will fill a market void for the adult smoker who doesn’t want to deal with buttons, cables and chargers but still…

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TuesdayAug 27, 2019 10:34 am

NetworkNewsBreaks – Delcath Systems, Inc. (DCTH) Completes $20M PIPE

Delcath Systems (OTC: DCTH) has completed a $20 million PIPE with certain accredited investors. According to the update, the placement consisted of a combined price of $1,000 per unit, each consisting of one preferred share initially convertible into 16,667 shares of common stock at an initial conversion price of $0.06 per share and a common stock purchase warrant. For five years from the date of the company’s anticipated reverse stock split, holders of each whole warrant are entitled to purchase one share of common stock at an initial exercise price of $0.06. ROTH Capital Partners acted as sole placement agent…

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