Breaks Categories: News

ThursdayFeb 28, 2019 12:44 pm

NetworkNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Announces Closing of C$25M Private Placement

Leading California edibles manufacturer Plus Products (CSE: PLUS) (OTCQB: PLPRF) today announced its closing on the best efforts private placement with Canaccord Genuity Corp., as lead agent, together with a syndicate of agents, for 25,000 company units, each at a C$1,000 price, for gross proceeds of C$25,000,000. Per the update, Gotham Green Partners and Stable Road Capital were two of the lead investors in the private placement. The company intends to use proceeds from the offering for working capital and other general corporate purposes. “We are thankful for the support we have received from our past investors, and from new…

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ThursdayFeb 28, 2019 12:24 pm

NetworkNewsBreaks – Jefferies Analyst Initiates Coverage on The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF)

Canadian Licensed Producer of premium cannabis products the Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) was recently highlighted in an article by Barron’s titled ‘5 Marijuana Stocks to Buy — and 2 to Avoid, According to an Analyst’ authored by Bill Alpert. According to the article, Jefferies, a diversified financial services company, initiated coverage of Canadian marijuana producers on Monday and gave Flowr a “Buy” rating. Owen Bennett, the Jefferies analyst, reports that cannabis will not fall into the pattern of normal agricultural commodities that see major price drops from oversupply. Moreover, Bennett believes that premium cannabis won’t be commoditized and…

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ThursdayFeb 28, 2019 11:36 am

NetworkNewsBreaks – Organigram Holdings Inc. (TSX.V: OGI) (OTCQX: OGRMF) to Convert $98M Debentures into Common Shares

Organigram Holdings (TSX.V: OGI) (OTCQX: OGRMF) recently announced that it will exercise its right to convert all the principal amount outstanding of the remaining debentures on April 1, 2019 into common shares of the company in accordance with the indenture governing the company's 6 percent convertible unsecured debentures due January 31, 2020. The company believes this conversion will save roughly $4.9 million in cash interest payments that would have accumulated if the outstanding debentures were held to maturity. It will also remove a substantial liability from the company's balance sheet. Per the terms of the indenture, when the volume weighted…

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ThursdayFeb 28, 2019 10:00 am

NetworkNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Releases Q3 Financial Highlights and Corporate Update

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) on Wednesday released its financial results for the three and nine months ended December 31, 2018. Per the update, Canopy Rivers’ full Management's Discussion and Analysis (“MD&A”) and unaudited interim consolidated financial statements for the period are available on its SEDAR profile at www.SEDAR.com and via the company’s website. “With more than $55 million of capital deployed during the quarter, Canopy Rivers continues to position itself as a preeminent investment firm in the cannabis industry,” RIV Chief Financial Officer Eddie Lucarelli said in the news release. “As we continue to see meaningful developments at…

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ThursdayFeb 28, 2019 9:53 am

NetworkNewsBreaks – Zenergy Brands Inc. (ZNGY) Completes Zero Cost Contract Installation with Central Texas Grocery Chain

Next-generation energy utility company Zenergy Brands (OTC: ZNGY) this morning announced its completion of the installation of a Zero Cost Program(TM) under an agreement with La Fiesta Supermarkets, a regional grocery store chain with locations throughout Central Texas. According to the update, the agreement covers a 7-year term for energy efficiency and conservation and smart control technology across all La Fiesta locations. As a result, the grocery store chain is projected to achieve a 34 percent reduction in lighting-associated electricity consumption, a 22 percent reduction in HVAC-related electricity consumption, and a 29 percent reduction in refrigeration-usage electricity consumption. “In our…

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ThursdayFeb 28, 2019 9:25 am

NetworkNewsBreaks – Golden Developing Solutions Inc.’s (DVLP) Where’s Weed Division Enters Strategic Partnership with FlowHub

Golden Developing Solutions (OTC: DVLP), an emerging leader in the cannabis, hemp and CBD marketplace, this morning announced that its Where’s Weed division has entered into a strategic partnership with FlowHub. FlowHub is a budding point-of-sale (“POS”) system operating in eleven states with more than $1 billion in cannabis transactions processed annually. DVLP management believes this partnership will result in higher user satisfaction, superior stickiness, and improved word-of-mouth growth potential for the Where’s Weed user base. “This is a win-win for everyone involved,” Golden Developing Solutions CEO Stavros Triant stated in the news release. “Our users have better and wider…

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WednesdayFeb 27, 2019 10:41 am

NetworkNewsBreaks – QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) Visualizes Spodumene at Irgon Lithium Mine Project

QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) this morning announced its completion of the first phase of holes at its 100 percent-owned Irgon Lithium Mine Project located within the prolific Cat Lake-Winnipeg River rare-element pegmatite field of southeastern Manitoba. With diamond drill and support crew on-site, QMC reported visual spodumene, and the core was removed to a secure, off-site location for logging, cutting and sampling. QMC is currently completing phase one of a two-phase drill program designed to confirm and subsequently expand the historic resource published for the Irgon Property (1.2 million tons grading 1.51 percent Li2O,…

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WednesdayFeb 27, 2019 10:08 am

NetworkNewsBreaks – Net Element Inc.’s (NASDAQ: NETE) Unified Payments Subsidiary Achieves ETA Self-Regulation Certification

Global technology and value-added solutions group Net Element Inc. (NASDAQ: NETE) this morning announced that its Unified Payments subsidiary is among the first companies to achieve self-regulatory certification from the Electronic Transactions Association (“ETA”). The ETA, a worldwide trade association serving more than 500 member fintech payment companies, recently announced its Self-Regulation Program (“ETA SRP”), which seeks to improve payment industry security and reduce risks by identifying and acknowledging companies with a deep understanding of the risks associated with financial services. “Being among the first payments services companies to obtain ETA SRP certification is a reflection of our commitment to…

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WednesdayFeb 27, 2019 9:54 am

NetworkNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) to Enter $1M Funding Agreement with Cannaki Beverage

Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) this morning announced that it has agreed to fund Cannaki Beverage Inc., a nano CBD flavored water company based in Las Vegas, Nevada, that manufactures still and carbonated natural and organic functional beverages. According to the update, Redfund has signed a convertible note term sheet for $1 million at a rate of 14 percent interest with a two-year term, and the companies intend to finalize a promissory note and security document in the next week. “Partnering with a water company with a strong footprint is a tremendous opportunity for Redfund. Cannaki…

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WednesdayFeb 27, 2019 9:43 am

NetworkNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Announces Expansion of Café Cachita Brand

Leading omni-direct lifestyle company Youngevity International Inc. (NASDAQ: YGYI) this morning announced the expansion of its recently acquired Café Cachita brand of espresso into over 500 retail locations through Southeastern Grocers. Per the update, the new distribution footprint will include all Winn Dixie, Bi-Lo, Fresco Y Mas and Harvey Stores across Florida, Georgia, Alabama, Louisiana, Mississippi, North Carolina and South Carolina. “Café La Rica is really beginning to gain traction.  Our foot print in Florida and the Southeast has been growing steadily and this is beginning to have a ripple effect into the West Coast and the Northeast as these…

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