Breaks Categories: News

TuesdayAug 21, 2018 11:42 am

NetworkNewsBreaks – GTX Corp (GTXO) Posts Q2 Summary

GPS technology-focused holding company GTX Corp (OTC: GTXO) this morning provided a summary of the company’s activities and achievements during the second quarter ended June 30, 2018. Per the update, GTX Corp’s overall revenue for the second quarter saw an increase of 7% over the same period of 2017. Subscriber revenue also demonstrated an increase, rising 108% over the second quarter of 2017. “We had an overall good quarter, with single- or double-digit increases or decreases in all the major metrics – revenues were up, subscribers were up, margins and profits were up, while our cost of operations, professional services,…

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TuesdayAug 21, 2018 10:30 am

NetworkNewsBreaks – Marijuana Company of America Inc. (MCOA) Issues Update on New Brunswick Joint Venture

Marijuana Company of America Inc. (OTC: MCOA), along with joint venture partner Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF), this morning issued an update on its CBD hemp farming joint venture in New Brunswick, Canada. The goal of the hemp project is, in part, to produce hemp biomass that can be used for the extraction of cannabinoids. In anticipation of Canada’s implementation of the Cannabis Act on October 17, 2018, which will allow for the processing of the entire hemp plant, MCOA and Global Hemp Group have commenced preparation work at the 4,000 sq. ft. Bathurst facility to facilitate…

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TuesdayAug 21, 2018 10:29 am

NetworkNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Enters Definitive Agreement to Acquire HemPoland

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) this morning announced that it has signed a definitive agreement to acquire 100% of the issued and outstanding shares of HemPoland in an immediately accretive cash and share transaction. HemPoland is a European manufacturer and marketer of premium organic CBD oils. In addition to providing the company with a route into the European market, this strategic acquisition gives TGOD access to HemPoland’s immense distribution network, premium Cannabigold brand and advanced hemp oil extraction technologies. The acquisition cost is comprised of $7.75 million in cash and…

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TuesdayAug 21, 2018 10:03 am

NetworkNewsBreaks – DPW Holdings, Inc. (NYSE American: DPW) Reports Q2 Financial Results

Diverse holdings company DPW Holdings (NYSE American: DPW) this morning submitted its quarterly report on Form 10-Q reporting financial results for the second quarter ended June 30, 2018. Among other highlights, the company reported second quarter gross revenue of $7.4 million, an increase of 309% compared to $1.8 million in the second quarter of 2017. First half gross revenue was $12.6 million, demonstrating a 266% increase from $3.5 million in the first half of 2017. In addition, DPW reported that during the second quarter it generated a total of $719,000 from its cryptocurrency mining operations and used $605,000 to pay…

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TuesdayAug 21, 2018 9:53 am

NetworkNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQB: ABCCF) Announces Agreement to Supply Cannabis Products in Ontario

VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQB: ABCCF) this morning announced that it has completed an agreement with the Ontario Cannabis Store (“OCS”) to supply the province with high-quality cannabis products. Per the update, VIVO is expected to supply the Ontario market with a total of 16 cannabis products to meet anticipated demand in the adult-use recreational cannabis sector, which is set to open on October 17, 2018. “The agreement with OCS is a significant milestone and we are confident that cannabis consumers in Ontario will appreciate our high-quality branded products,” Barry Fishman, CEO of VIVO, stated in the news release.…

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TuesdayAug 21, 2018 9:30 am

NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Selected as New Mobility World Lab18 Startup Challenge Finalist

Automotive technology company Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) this morning announced that it has been selected as a finalist in the New Mobility World (NMW) Lab18 Startup Challenge. Per the update, Foresight was selected from a pool of more than 100 applicants spanning 29 countries to reach the final round. “It is a great honor to make the finals list at this year’s NMW Lab18 Startup Challenge,” Haim Siboni, CEO of Foresight, stated in the news release. “This achievement recognizes that Foresight’s breakthrough QuadSight™ system has an important role in shaping the future of the automotive industry.…

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TuesdayAug 21, 2018 9:29 am

NetworkNewsBreaks – SinglePoint, Inc. (SING) Reaches Fully Reporting Status; Posts Q2 Financial Results

SinglePoint (OTCQB: SING) this morning announced that it has achieved fully reporting status by filing Form 10-12G. The company also reported year-over-year progresses for the second quarter and six months ended June 30, 2018. The company reported a revenue increase of almost 100% from the second quarter of 2017 to the second quarter of 2018. The company attributes its revenue of over $500,000 during the first six months of 2018 primarily to numerous positive acquisitions. SinglePoint aims to continue fast-tracking revenue growth through strategic acquisitions and anticipates further organic growth. “As a fully reporting company, I believe we will have…

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MondayAug 20, 2018 9:41 am

NetworkNewsBreaks – ChineseInvestors.com, Inc. (CIIX) Announces Launch of Direct Selling Initiative through CBD Biotechnology Co. Ltd.

ChineseInvestors.com, Inc. (OTCQB: CIIX), the premier financial information website for Chinese-speaking investors, this morning announced that its wholly owned foreign enterprise, CBD Biotechnology Co. Ltd., has launched a two-tier direct selling initiative to accelerate its CBD sales into China. The company also announced its appointment of marketing expert Fengxian Xie as president of its CBD Community Center in Shanghai, effective immediately. Per the update, the goal of the CBD Community Center initiative is to establish a new, effective marketing channel to further stimulate demand for CBD Biotech’s innovative CBD-infused skin care products. “I am honored to have been chosen to…

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MondayAug 20, 2018 9:27 am

NetworkNewsBreaks – Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) Awarded DTC and CNS Eligibility for US-Listed Shares

Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) this morning announced that it has been awarded Depository Trust Company (DTC) and Continuous-Net-Settlement (CNS) eligibility for its common shares listed on the OTCQX® Best Market. Per the update, the DTC manages the electronic clearing and settlement agency serving publicly traded companies in the U.S., providing an electronic method of clearing securities that speeds up the receipt of stock and cash while accelerating the settlement process. CNS, on the other hand, is an automated book-entry accounting system that aims to centralize the settlement of security transactions while maintaining an orderly flow of security…

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FridayAug 17, 2018 1:39 pm

NetworkNewsBreaks – Agritek Holdings, Inc. (AGTK) Requests Form 10-Q Report Extension for Fiscal Period Ended June 30, 2018

Cannabis-focused real estate investment company Agritek Holdings, Inc. (OTCQB: AGTK) yesterday announced its filing of an extension in order to properly file its Form 10-Q for the period ended June 30, 2018. Per the update, the company attributes the delay to multiple new corporate developments, including recent debt consolidation and related financings aimed at increasing asset value. “We have every intention of filing our 10Q Report and have always remained fully reporting over the last several years to maintain our uplisting on the OTCQB,” B. Michael Friedman, CEO of Agritek, stated in the news release. “Management is working diligently with…

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