Breaks Categories: News

WednesdayAug 22, 2018 10:43 am

NetworkNewsBreaks – Global Payout, Inc. (GOHE) Inks JV Agreement with Representatives of MGR2 to Advocate for MTrac Solution

Global Payout, Inc. (OTC: GOHE) this morning announced that it has signed a joint venture (“JV”) agreement with representatives of Management and Government Resources 2, LLC. ("MGR2") to advocate for the implementation of the MTrac solution across City, County and State jurisdictions on the east coast. The MGR2 representatives intend to utilize their available resources to engage local governments. Representatives include Barry E. Lefkowitz, founder and president of MGR 2; David Spector, former Councilman in the Borough of Bellmawr; Sam Spector, a strategic partner offering insights into business development; and Carol Gabel, who has over twenty years of executive management…

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WednesdayAug 22, 2018 10:01 am

NetworkNewsBreaks – NUGL Inc. (NUGL) Engages IP and Trademark Consultant

NUGL Inc. (OTC: NUGL), the cannabis industry's new standard of technology, this morning announced that it has hired attorney Scott P. Shaw as an industry expert consultant in intellectual property (“IP”) and trademark law. "As we grow and build a more diverse range in NUGL's revolutionary network of profiles, we feel this is the next step for the company. It is important we protect our brand and our intellectual property. We are one of the largest cannabis-related search app platforms that excels in forming brands, and we should lead by example," NUGL CMO Ryan Bartlette stated in the news release.…

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WednesdayAug 22, 2018 9:35 am

NetworkNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Announces Acquisition of The Asher House Pet CBD Brand

Cannabis Strategic Ventures, Inc. (OTC: NUGS) this morning announced its acquisition of The Asher House Pet CBD brand, including a line of U.S. hemp-derived cannabidiol (CBD) supplements for pets, from The Asher House LLC. “Through the Asher House acquisition, Cannabis Strategic continues to expand its already diverse portfolio of Cannabis focus brands and service offerings,” Simon Yu, CEO of Cannabis Strategic, stated in the news release. “At Cannabis Strategic, we believe that investing in people is as important as investing in industry-leading products and technologies… Lee and Luke's passion for pet adoption and pet wellness is one of the key…

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WednesdayAug 22, 2018 9:29 am

NetworkNewsBreaks – FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) Advances $1M Capital Tranche to Refined Resin Technologies

FinCanna Capital (CSE: CALI) (OTCQB: FNNZF), a royalty company for the U.S. licensed medical cannabis industry, this morning announced that it has advanced the second tranche of capital, $1 million, to its investee company Refined Resin Technologies Inc. Refined Resin is using the series of tranches to implement its three-phase development strategy to operationalize its legally zoned, state-of-the-art medical cannabis extraction laboratory. Presently, Refined Resin has placed deposits and has funds in reserve to purchase all the essential equipment to start production once installed. The extraction facility is anticipated to be in commercial operation by late 2018 or early 2019.…

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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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