Breaks Categories: News

TuesdayJun 04, 2019 1:47 pm

NetworkNewsBreaks – InterDigital, Inc. (NASDAQ: IDCC) Closes $400M Senior Convertible Notes Offering

InterDigital (NASDAQ: IDCC) has closed a $400 million offering of 2.00% Senior Convertible Notes. Per the update, the notes are due in 2024 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The offering of $400 million includes $50 million in aggregate principal amount of the notes issued per the full exercise of the over-allotment option. The notes will be senior unsecured obligations of InterDigital and will pay interest, at a rate of 2.00% per year, semi-annually in cash on June 1 and December 1, and will mature on June 1, 2024. ROTH…

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TuesdayJun 04, 2019 1:40 pm

NetworkNewsBreaks – Prescient Therapeutics Ltd. (ASX: PTX) Completes $7 Million AUD PIPE

Clinical stage oncology company Prescient Therapeutics Limited (ASX: PTX) has completed a $7 Million AUD PIPE with institutional and sophisticated investors. According to the update, the placement involved the issue of approximately 140 million shares, each at $0.05, largely to institutional investors. ROTH Capital Partners acted as U.S. placement agent for the transaction. “Prescient is delighted with the support from its existing shareholders, and is very pleased to welcome new shareholders to the Company, including new US and Australian institutional investors with particular expertise in life science investing,” PTX CEO Steven Yatomi-Clarke said in the news release. “It is encouraging…

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TuesdayJun 04, 2019 1:00 pm

NetworkNewsBreaks – The Lovesac Company (NASDAQ: LOVE) Secures $103.5M Through Underwritten Public Offering

The Lovesac Company (NASDAQ: LOVE) has completed an underwritten public offering of 2,875,000 shares of its common stock. According to the update, the offering resulted in gross proceeds of approximately $103.5 million, which Lovesac intends to use for increased sales and marketing expenses, product development, working capital and other general corporate purposes. The offering consisted of 750,000 Lovesac-offered shares and 2,125,000 shares by certain selling stockholders of Lovesac, including 375,000 shares per the full exercise of the over-allotment option. The shares were sold at the public offering price of $36.00 per share. ROTH Capital Partners acted as joint book-running manager…

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TuesdayJun 04, 2019 12:56 pm

NetworkNewsBreaks – Nightfood Holdings Inc. (NGTF) Finalist in Multiple Categories for 2019 World Dairy Innovation Awards

Nightfood Holdings (OTCQB: NGTF), the innovative company solving America’s $50 billion nighttime snacking problem, today announced that it has been named a finalist in the 2019 World Dairy Innovation Awards. According to the update, Nightfood was entered in four categories and is a finalist in three categories for the awards, including: Best Dairy Dessert, Best Ice Cream and Best Brand. “This is amazing news for our brand,” Nightfood CEO Sean Folkson said in the news release. “Our goal is not necessarily to win awards, but winning, or being named a finalist, sends very clear signals to supermarket category managers about…

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TuesdayJun 04, 2019 12:45 pm

NetworkNewsBreaks – HempFusion Engages RADD Capital for Advisory Services Related to $30M Funding Initiative

Leading hemp-based CBD company HempFusion this morning announced its engagement of RADD Capital for advisory services related to its 2019 private funding initiative, which is valued in excess of $30 million. RADD Capital has a proven track record in the hemp and cannabis industries, having previously led private financings and initial public offerings for Organigram, Emblem Corp., The Green Organic Dutchman and PLUS Products. Additionally, RADD Capital led a separate $6 million investment into HempFusion earlier this year. Per the update, HempFusion launched its current funding initiative as part of its plan to diversify its product offerings, launch a revamped…

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TuesdayJun 04, 2019 12:05 pm

NetworkNewsBreaks – SinglePoint, Inc. (SING) Announces Over $421K in Direct Solar Secured Contracts Since Acquisition

Technology and investment company SinglePoint (OTCQB: SING) today announced that, since completion of the acquisition, Direct Solar has secured $421,808 in solar installation contracts. According to the update, SinglePoint expects most of Direct Solar-driven revenue to be recorded on third quarter financial statements. “We are very pleased with the performance of Direct Solar and their entire team,” SinglePoint President Wil Ralston said in the news release. “Since closing the acquisition they have really outperformed everyone’s initial expectation. The goal was $1,000,000 a month after 90 days and it would appear, we are going to hit that sooner than anticipated. In…

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TuesdayJun 04, 2019 11:55 am

NetworkNewsBreaks – Sproutly Canada Inc. (CSE: SPR) (OTCQB: SRUTF) (FRA: 38G) Chief Science Officer Featured in Investorideas.com Interview

Sproutly Canada (CSE: SPR) (OTCQB: SRUTF) (FRA: 38G) this morning announced that its Chief Science Officer Dr. Arup Sen was featured in an interview in a special edition of Investorideas.com potcasts. Investorideas.com is a global news source covering leading sectors including cannabis. In the interview, Dr. Sen discusses Sproutly's recent developments and the company’s approach in the Canadian cannabis beverages market expected to open up this fall. “We will be pretty much standing alone in the field of making beverages that will include natural chemicals in their natural state from cannabis and hemp plants,” Sproutly CSO Dr. Arup Sen said…

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TuesdayJun 04, 2019 11:01 am

NetworkNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Expands MSO Presence Through Agreement to Acquire Spring Oaks

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) today announced that it has entered an arm's length definitive agreement to acquire all of the issued and outstanding shares of capital stock of Spring Oaks Greenhouses, Inc. Per the update, Spring Oaks holds a medical marijuana dispensary license, received in April 2019, and authorization to operate as a Medical Marijuana Treatment Center in the state of Florida. Under the license, Spring Oaks is authorized to initiate production, processing and dispensing of medical marijuana and marijuana products. In addition, the medical marijuana dispensary license grants the right, but not the…

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TuesdayJun 04, 2019 10:49 am

NetworkNewsBreaks – Nabis Holdings Inc. (CSE: NAB) (OTC: INNPF) (FRA: 71P) to Present Live at VirtualInvestorConferences.com on June 4

Innovative Properties Inc. d/b/a Nabis Holdings (CSE:NAB) (OTC: INNPF) (FRA: 71P), a leading Canadian investment company with specialty investments in assets across multiple divisions of the cannabis sector, this morning announced that its CEO and Director Shay Shnet and President Mark Krytiuk will present live at the VirtualInvestorConferences.com at 3:00 PM ET on Tuesday, June 4, 2019. The live, interactive event will allow investors to ask the company questions in real-time. It is recommended that investors pre-register at http://nnw.fm/z1sKN  and run the online system check to expedite participation and receive event updates. An archived webcast will be available after the event…

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TuesdayJun 04, 2019 10:10 am

NetworkNewsBreaks – Siyata Mobile Inc.’s (TSX.V: SIM) (OTCQX: SYATF) Uniden UV350 4G/LTE In-Vehicle Device is FirstNet Ready

Global developer and provider of cellular communications systems Siyata Mobile (TSX.V: SIM) (OTCQX: SYATF) this morning announced that its Uniden UV350 in-vehicle mounted phablet is FirstNet Ready(TM), making it tested and approved for use with services on the FirstNet communications platform. Per the update, FirstNet is designed for first responders and those critical to emergency response and is built with AT&T in a public-private partnership with the First Responder Network Authority (FirstNet Authority), an independent agency within the federal government. “FirstNet devices and modules go through extensive review, so First Responders can be confident that Siyata’s UV350 meets the highest…

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