Breaks Categories: News

MondayJun 25, 2018 2:46 pm

NetworkNewsBreaks – Processa Pharmaceuticals, Inc.’s (PCSA) PCS499 Receives Orphan Drug Designation from FDA to Treat Necrobiosis Lipoidica

Processa Pharmaceuticals (OTC: PCSA) recently announced that the U.S. Food and Drug Administration (“FDA”) has granted Orphan Drug Designation to its leading clinical compound, PCS499, to treat Necrobiosis Lipoidica (“NL”). Presently, there is no FDA approved treatment for NL and no known biotech or pharma companies are currently developing a drug for NL. "We are very pleased that PCS499 has received Orphan Drug Designation from FDA for the treatment of NL. NL can have a major impact on the quality of life of patients and PCS499 will be the first treatment targeted to this condition. We plan to begin our…

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MondayJun 25, 2018 10:05 am

NetworkNewsBreaks – GTX Corp (GTXO) Launches Strategic Plan to Up-List to the OTCQB Venture Exchange

GTX Corp (OTC: GTXO) this morning announced that it has filed for a reverse split in accordance with its strategic plan to up-list to the OTCQB Venture Exchange and to gain a more attractive share price. The company is currently in final preparations to enact a reverse stock split that will bring the company’s share price above $0.10, making GTXO qualified to up-list from the OTC Pink Marketplace to the OTCQB. The company held a special meeting of its board of directors on June 14, 2018, at which an affirmative vote approved the amendment to the company’s restated certificate of…

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MondayJun 25, 2018 9:26 am

NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Secures $6.9M through Private Placements

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) today announced that it has entered into private placement agreements with Israeli investors, including two prominent Israeli institutional investors, Meitav Dash Group and Psagot Investment House. Per the agreements, Meitav Dash Group will invest approximately $4.1 million, Psagot Investment House will invest approximately $1.4 million, and additional investors will invest a total of roughly $1.4 million, bringing the total of the private placements to $6.9 million. Foresight will issue 21,963,411 ordinary shares to the investors, at a price per share of approximately $0.56 per ordinary share, or $2.81 per ADS, subject to customary…

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MondayJun 25, 2018 9:26 am

NetworkNewsBreaks – EVIO, Inc. (EVIO) Announces Retirement of Convertible Debt in Conjunction with North American Expansion Efforts

EVIO, Inc. (OTCQB: EVIO), a leading provider of cannabis testing and scientific research for the regulated cannabis industry, this morning announced that floorless convertible notes issued pursuant to its 2017 debt offerings, which were raised to facilitate key acquisitions and expansions, have been fully retired. Per the update, the company has no further obligations under the notes of those offerings. “We're pleased to have these convertible debentures fully retired as we continue to strengthen EVIO's balance sheet and focus on improving shareholder value,” William Waldrop, CEO of EVIO, stated in the news release. “As communicated with our shareholders last fall,…

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FridayJun 22, 2018 10:24 am

NetworkNewsBreaks – QPAGOS Corp. (QPAG) Enters JV Agreement with DPW Holdings, Inc. (NYSE: DPW) to Establish Innovative e-Payment Solutions, LLC.

QPAGOS (OTCQB: QPAG), a U.S.-based provider of digital payment services in Mexico, recently announced its entrance into the U.S. market via an executed agreement to establish a new joint venture (“JV”) with DPW Holdings, Inc. (NYSE: DPW). The JV is intended to launch a network of 1,000 self-service kiosks starting in California over the next 12 months. Additionally, the companies are expected to enter into an operating agreement, related credit facility agreement and supply agreement on or prior to July 1st, 2018. The new venture, named Innovative e-Payment Solutions, LLC, is anticipated to reach its full growth potential by leveraging…

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FridayJun 22, 2018 9:44 am

NetworkNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF) Details Plans for Additional Cannabis Production Facility

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) this morning announced its decision to add a 287,245 sq. ft. purpose-built facility on its Valleyfield property capable of producing 40,000 kg of premium organic cannabis. Per the update, this new facility will be dedicated to the company’s beverage division, and it will increase TGOD’s fully-funded capacity to 170,000 kg. TGOD intends to use excess cash raised in its IPO and subsequent bought deal financings to fund the construction of this new facility. “With the legalization of cannabis announced on June 20th, and Premier Justin…

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FridayJun 22, 2018 9:38 am

NetworkNewsBreaks – SinglePoint, Inc. (SING) President Discusses Form 10 Filing in Interview on MoneyTV

SinglePoint, Inc. (OTCQB: SING) was a featured company on this week’s episode of MoneyTV with Donald Baillargeon. MoneyTV is an internationally syndicated television program discussing “money and what makes it happen.” In this week’s episode, SinglePoint President Wil Ralston discussed the company’s recently filed Form 10. “We've got a great team here and everybody really put their all into this. We're all very happy that we got it filed,” SinglePoint President Wil Ralston stated in the interview. “It really opens up for family offices, institutions and those larger players to help get in and get a position and actually start…

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ThursdayJun 21, 2018 1:47 pm

NetworkNewsBreaks – Aphria Inc. (TSX: APH) (OTC: APHQF) Subsidiary Obtains First Cannabis Import License Issued by the Malta Medicines Authority

Aphria Inc. (TSX: APH) (OTC: APHQF) recently announced that its Malta-based subsidiary, ASG Pharma ("ASG"), has received the first import license for medical cannabis issued by the Malta Medicines Authority. The license enables ASG, a high-capacity EU GMP-certified lab, to import medical cannabis for analytical testing and research. The receipt of the license marks a significant milestone for the company, positioning ASG at the forefront of testing, research and development of medical cannabis in Europe. "Our EU GMP-certified lab in Malta will not only be a leading European center for R&D and testing, but also will provide a gateway to…

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ThursdayJun 21, 2018 10:26 am

NetworkNewsBreaks – Marifil Mines Ltd. (TSX.V: MFM) (OTCQB: MFMLF) Engages NetworkNewsWire for Corporate Communications Solutions

Marifil Mines (TSX.V: MFM) (OTCQB: MFMLF) this morning announced that it has engaged the corporate communications expertise of NetworkNewsWire (“NNW”). The Vancouver, Canada-based mineral exploration company is currently engaged in an aggressive campaign for growth within the lithium space in Argentina. As part of the Client-Partner relationship with Marifil Mines, NNW will employ its investor-based distribution network of over 5,000 key syndication outlets, various newsletters, social media channels, blogs and other outreach tools to produce greater brand awareness for the company. To view the full press release, visit http://nnw.fm/lqL1B About Marifil Mines Marifil Mines Ltd. is a mineral exploration company…

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ThursdayJun 21, 2018 9:47 am

NetworkNewsBreaks – Marijuana Company of America, Inc. (MCOA) and Global Hemp Group, Inc. (CSE: GHG) (FRA: GHG) (OTC: GBHPF) Post Update on New Brunswick Project

Marijuana Company of America Inc. (OTC: MCOA) and joint venture partner Global Hemp Group, Inc. (CSE: GHG) (FRANKFURT: GHG) (OTC: GBHPF) this morning posted an update on their hemp project in northeast New Brunswick. Per the update, the companies recently completed the planting of 125 acres of industrial hemp at the project location and were awarded a grant of $10,750 from the New Brunswick Department of Aquaculture, Agriculture and Fisheries (“DAAF”) to support demonstration projects it will undertake during the current cropping season. The grant will be used to study the impact of the European Corn Borer (“ECB”) on the…

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