Breaks Categories: News

WednesdayMar 20, 2019 11:43 am

NetworkNewsBreaks – Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) Partners with Green Glass Global to Place Oki Beverage Line Across U.S.

Premium functional food and beverage company Phivida Holdings (CSE: VIDA) (OTCQX: PHVAF) this morning announced its entry into a strategic partnership with Green Glass Global, a leading beverage brokerage firm that specializes in on-premise national accounts for the specialty drinks sector. According to the update, the partnership will focus on placing Phivida's Oki beverage line products in premium hospitality outlets across the United States. “We are really excited to partner with Green Glass Global to represent our Oki beverage brand nationally in the on-premise channel,” Phivida Chief Commercial Officer Doug Campbell said in the news release. “The on-premise channel represents…

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WednesdayMar 20, 2019 11:15 am

NetworkNewsBreaks – Marijuana Company of America Inc. (MCOA) Partners with Licensed California Manufacturing & Distribution Company to Acquire Owner Interest, Form JV

Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) today announced its entry into a letter of intent with Natural Plant Extract of California (“NPE”) and its subsidiary, Northern Lights Distribution, LLC (“NLD”), to acquire a 20 percent ownership interest in NPE and establish a joint venture to operate a California cannabis delivery service named Viva Buds. Per the update and under the terms of the LOI, MCOA will contribute $2,000,000 in total cash to the project, as well as common shares with a value of $1,000,000 in exchange for its 20 percent equity position in NPE. In…

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WednesdayMar 20, 2019 10:35 am

NetworkNewsBreaks – Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) Engages WorleyParsons’ Advisian to Complete PEA of its Flagship Project in Southern Arkansas

Lithium-focused exploration company Standard Lithium (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) today announced that it has engaged Advisian, the consulting arm of WorleyParsons Canada Services Ltd., to complete a Preliminary Economic Assessment (“PEA”) of its flagship 150,000 acre project located in the south-central region of Arkansas. Expected to be completed near the end of Q2 2019, the AACE Class 5 PEA, with a projected accuracy for CAPEX and OPEX of +/- 50 percent, will be established using a baseline production of approximately 20,000 tonnes per annum (“TPA”) of lithium carbonate. “Myself and the Standard Lithium team are very familiar with…

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WednesdayMar 20, 2019 10:28 am

NetworkNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) Enters Strategic Alliance with Cannabis Mercantile Exchange

Redfund Capital (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) this morning announced its entry into a strategic alliance with the Cannabis Mercantile Exchange ("Cannamerx"), one of the first cannabis and hemp auction platforms to go live. Per the update, Cannamerx is the first fully automated B2B international auction platform for wholesale cannabis, cannabis products, hemp and hemp products and genetics, to recommend certain company’s products and services to their respective customer base. More than 57 Canadian licensed cannabis companies have joined Cannamerx, which has helped facilitate the trade of more than 25 tonnes of cannabis, over $22 million in bids received…

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WednesdayMar 20, 2019 9:52 am

NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Closes Public Offering of 4.1M American Depositary Shares

Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) on Tuesday announced the closing of an underwritten public offering of 4,100,000 American Depositary Shares (“ADSs”), which includes 100,000 ADSs sold pursuant to a partial exercise by the underwriters of the underwriters’ over-allotment option, each at a price to the public of $1.50 per ADS. According to the update, the company’s gross proceeds from this offering are expected to be approximately $6.2 million, of which it intends to use the net proceeds for general corporate purposes. Foresight has granted underwriters a 45-day option to purchase additional ADSs to cover over-allotments,…

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WednesdayMar 20, 2019 9:46 am

NetworkNewsBreaks – The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF) Reports Financial, Operational Year End Results

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) on Tuesday reported its financial and operational results for the year ended December 31, 2018. Among other highlights, the company ended the year with $263.5 million of cash and restricted cash to continue to fund its facilities expansion and international growth. The company also completed two bought deals worth $101.2 million in gross proceeds and private placements totaling $77.6 million in gross proceeds. “2018 has been a pivotal year for the company. The accomplishments our team has made have been nothing shy of incredible,” the Green…

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WednesdayMar 20, 2019 9:00 am

NetworkNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Inks Definitive Closing Documents to Acquire Cannabis Facility with Packaging Equipment on 5.5 Acres of Land

TransCanna Holdings (CSE: TCAN) (FSE: TH8) this morning announced that it has signed definitive closing documents to acquire a 196,000 square foot facility on 5.5 acres of land as well as cannabis packaging and processing equipment for a total purchase price of $15 million. Over the past two years, the facility has undergone $8 million in key renovations which have formed specific divisions for nursery, cultivation, manufacturing, extracting, bottling, remediation, and transportation and distribution. The company paid the sellers a $250,000 non-refundable deposit and will pay an additional $8 million down payment. The seller agreed to a carry back note…

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TuesdayMar 19, 2019 9:53 am

NetworkNewsBreaks – Global Payout, Inc. (GOHE) and MTrac Poised at Trajectory of Exponential Revenue Growth with FinTech Payment Solution

Global Payout (OTC: GOHE), along with its wholly-owned subsidiary MTrac Tech Corporation, this morning announced that revenue into Q1 2019 and transactional data highlights industry adoption and desire for a compliant service offering, continued growth and overall benefit to the one-of-a-kind MTrac Payment Solution. According to the update, since deployment in October, MTrac’s daily and monthly sales and transactional volume and the average system processed ticket cost continue to climb at what the company perceives to be a very steady and encouraging pace. The first quarter is seeing a continuation of this positive trend, and MTrac is projected to see…

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TuesdayMar 19, 2019 9:30 am

NetworkNewsBreaks – INmune Bio, Inc. (NASDAQ: INMB) CEO Presents at the 4th Annual Immuno-Oncology Summit Europe 2019 in London

INmune Bio (NASDAQ: INMB) this morning announced that the company’s co-founder and CEO, Dr. R.J. Tesi, presented at Cambridge Healthtech Institute’s 4th Annual Immuno-Oncology Summit Europe 2019 on March 18th in London. Dr. Tesi’s presentation, titled, “Targeting Myeloid-Derived Suppressor Cells to Overcome Resistance to Checkpoint Inhibitors,” highlighted how combination therapy with the company’s drug candidate INB03 is able to help target myeloid-derived suppressor cells (“MDSC”) to reverse resistance to checkpoint inhibitors. INB03 is a second-generation tumor necrosis factor (“TNF”) inhibitor presently being tested in a phase 1 clinical trial. “I am excited to have the opportunity to present and exchange…

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TuesdayMar 19, 2019 9:29 am

NetworkNewsBreaks – Zenergy Brands Inc. (ZNGY) CEO to Participate in CEO Roundtable at the Upcoming Energy Marketing Conference

Next-generation energy utility company Zenergy Brands (OTC: ZNGY) this morning announced that the company’s CEO, Alex Rodriguez, is set to participate in the CEO Roundtable hosted and produced by Energy Marketing Conferences (“EMC”). EMC is well-known, widely respected event that will be taking place in Houston, TX on April 2, 2019. Among other highlights, the event will shine a light on the challenges and prospects associated with the retail side of deregulated electricity and natural gas markets. “I believe in the mission of EMC, and I am happy to bring the Zenergy perspective to the ongoing discussion and evolution of…

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