Breaks Categories: News

MondayApr 08, 2019 9:30 am

NetworkNewsBreaks – INmune Bio, Inc.’s (NASDAQ: INMB) XPro1595 Featured in Poster Presentation at The European Conference on Neuroinflammation

INmune Bio (NASDAQ: INMB) this morning announced that Lesley Probert, Ph.D., Head of Immunology Department at the Hellenic Pasteur Institute in Athens, Greece, will be presenting a poster about new data on INmune’s neurodegenerative disease drug candidate XPro1595 at The European Conference on Neuroinflammation on April 8th and 9th. The presentation is titled “Selective inhibition of soluble TNF promotes macrophage phagocytosis of myelin debris and remyelination of demyelinated lesions” and will shine a light on how XPro1595 promotes remyelination in animal models of Multiple Sclerosis (“MS”), as demonstrated in Dr. Probert’s earlier work. “The work done by Dr. Probert and…

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MondayApr 08, 2019 9:29 am

NetworkNewsBreaks – SinglePoint Inc. (SING) Files First Annual Report with SEC, Reports 344% YOY Revenue Increase

SinglePoint Inc. (OTCQB: SING), a fully reporting technology company providing mobile payments, ancillary cannabis services and renewable energy solutions, this morning announced the filing of its first annual report with the SEC as a fully reporting issuer. Per the update, SinglePoint ended 2018 with an unaudited sales total of $1,154,671, marking an increase of 344 percent as compared to the previous year. The company attributes this growth to the success of its acquisition strategy. “We have spent a lot of time and effort to put the Company in a position to turn a profit in the very near future. With…

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FridayApr 05, 2019 12:04 pm

NetworkNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (XETR: TH8) Closes C$16 Million Brokered Private Placement

Canada-based cannabis company TransCanna Holdings Inc. (CSE: TCAN) (XETR: TH8) late Thursday announced that it has closed its previously detailed and upsized brokered private placement of units, generating gross proceeds of C$16 million. Per the update, an aggregate of eight million units of the company were sold at a price of C$2.00 per unit, with each unit comprised of one common share of TransCanna and one half of one common share purchase warrant. TransCanna intends to use the net proceeds of the offering to fund an $8 million down payment for its proposed acquisition of a 196,000-square-foot cannabis facility. The…

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FridayApr 05, 2019 10:56 am

NetworkNewsBreaks – CymaBay Therapeutics, Inc. (NASDAQ: CBAY) Closes Underwritten Public Offering, Realizes Gross Proceeds of Approximately $115M

Clinical-stage biopharmaceutical company CymaBay Therapeutics (NASDAQ: CBAY) has closed an underwritten public offering of 9,200,000 shares of its common stock, which includes an additional 1,200,000 shares pursuant to the full exercise of the over-allotment option. According to the update, CymaBay Therapeutics realized gross proceeds of approximately $115 million resulting from the shares sold at the public offering price of $12.50 per share. The company anticipates using the proceeds to fund ongoing development of seladelpar, as well as for working capital and general corporate purposes. ROTH Capital Partners acted as co-manager for the transaction. To view the full press release, visit…

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FridayApr 05, 2019 10:22 am

NetworkNewsBreaks – The Yield Growth Corp. (CSE: BOSS) (OTCQB: BOSQF) (Frankfurt: YG3) Engages The Design Spot to Further Position in $22B Hemp and CBD Industry

The Yield Growth (CSE: BOSS) (OTCQB: BOSQF) (Frankfurt: YG3) on Thursday announced its appointment of specialist New York Agency The Design Spot for strategic graphic design counsel from overall brand direction to packaging, merchandising and point-of-sale deliverables. According to the update, this move to promote stand-out visual identity and branding is vital to differentiate in the growing hemp-CBD market, which could reach $22 billion by 2022 according to a new estimate from cannabis industry analysts the Brightfield Group. The Design Spot and its team of award-winning designers was chosen for notable experience with an emphasis on skin care, hair care,…

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FridayApr 05, 2019 10:14 am

NetworkNewsBreaks – Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) Announces Upsizing, Closing of Second and Final Tranche of Private Placement

Canadian iron ore exploration and development company Black Iron (TSX: BKI) (OTC: BKIRF) (GR: BIN) this morning announced that it has upsized and closed the second and final tranche of a previously announced non-brokered private placement of units of the company. According to the update and per the second tranche, the company issued 9,043,950 units, each at a price of $0.06, for gross proceeds of $542,637. Combined with the March 29, 2019 closing of the first tranche, Black Iron has issued a total of 26,552,390 units for gross proceeds of $1,593,143. To accommodate investor interest, the company upsized the offering…

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FridayApr 05, 2019 9:32 am

NetworkNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Releases Q4 and Full Year 2018 Results

The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) on Thursday announced its results for the fourth quarter and full year ended December 31, 2018. According to the update, the company sold nearly 406 kgs of premium cannabis despite having only 20 percent of its Kelowna 1 grow rooms operational in the fourth quarter of 2018. In addition, Flowr reported gross revenues of C$3.3 million and net revenues of C$2.9 million, realizing an average net price of C$7.08/gram after receiving its sales license in August 2018, and broke ground on the first-of-its-kind 50,000 square foot R&D Facility in partnership with The Scotts Miracle-Gro…

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FridayApr 05, 2019 9:25 am

NetworkNewsBreaks – SinglePoint, Inc. (SING) CEO Discusses NASDAQ Listing Goal on MoneyTV with Donald Baillargeon

Technology and investment company SinglePoint (OTCQB: SING) was featured on this week’s episode of MoneyTV with Donald Baillargeon. The program is internationally syndicated and covers money-focused topics, featuring in-depth interviews from various company CEOs and executives offering insights into their operations and future outlooks. SinglePoint CEO Greg Lambrecht appeared on this week’s program and discussed the company’s goal of uplisting to the NASDAQ. “I think that we can hit the necessary revenue needed to go up to NASDAQ maybe within this next year, and then also get our price up to where we fit all the criteria,” SinglePoint CEO Greg…

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ThursdayApr 04, 2019 11:32 am

NetworkNewsBreaks – Electra Meccanica Vehicles Corp. (NASDAQ: SOLO) Closes $12M Registered Direct Offering

Electra Meccanica Vehicles (NASDAQ: SOLO), a designer and manufacturer of electric vehicles, recently announced the closing of its registered direct offering of 3,333,334 common shares at a price of $3.60 each which resulted in gross proceeds of approximately $12 million. Roth Capital Partners, LLC, The Benchmark Company, LLC, and ThinkEquity, a division of Fordham Financial Management, Inc., served as co-lead placement agents for the offering. After underwriting discounts, commissions and other estimated offering expenditures, the net proceeds of the offering total about $11 million. To view the full press release, visit http://nnw.fm/ipRU0 About Electra Meccanica Vehicles Corp. Electra Meccanica (NASDAQ:…

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ThursdayApr 04, 2019 10:07 am

NetworkNewsBreaks – Sharing Services Global Corporation (SHRG) Announces New Trading Symbol to Coincide with Recent Name Change and International Growth Strategy

Diversified holding company Sharing Services Global Corporation (SHRG) this morning announced the Financial Industry Regulatory Authority’s (“FINRA”) approval of a change in its ticker symbol to “SHRG,” effective at the opening of trading on April 4, 2019. The new symbol better reflects the company’s international growth strategy and coincides with its recent name change to Sharing Services Global Corporation (formerly Sharing Services Inc.). In addition, new CUSIP number 819536103 was assigned to the company’s common stock in connection with the name and symbol change. “We are pleased to have our trading symbol changed to better reflect our new name, which…

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