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MondayMay 08, 2017 12:32 pm

NetworkNewsBreaks – Chanticleer Holdings, Inc. (NASDAQ: HOTR) Inks Deal with Franchisee for 8 Little Big Burger Locations in Southern CA; Shares Climb

Shares of Chanticleer Holdings (NASDAQ: HOTR) are up more than 37% mid-day after the owner and operator of multiple international and domestic restaurant brands said it has signed a multi-unit franchise deal with LBBIG LLC to open a minimum of eight Little Big Burger locations in Southern California by 2021. LBBIG is an owner and operator of more than 10 restaurants in the San Diego and Los Angeles markets. Additionally, the founder of LBBIG is a large investor in Chanticleer as a recent lead investor in the company's debenture private placement. "We are excited to expand Little Big Burger's presence…

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MondayMay 08, 2017 11:30 am

NetworkNewsBreaks – Amyris (NASDAQ: AMRS) Announces $95M Equity Financing, Debt-Reduction Strategy; Shares Down 30%

Industrial bioscience company Amyris (NASDAQ: AMRS) this morning announced a series of agreements for up to $95 million in equity financing, and detailed its ongoing initiative to reduce its debt by approximately $75 million. As separately announced, the financing commitment includes participation by Koninklijke DSM N.V., a global science-based company active in health, nutrition and materials. DSM will make an initial investment of $25 million on May 11, 2017, and may invest an additional $25 million in Amyris. DSM will gain one board seat upon the closing of each tranche. Amyris said the companies will enter into a development cooperation…

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MondayMay 08, 2017 11:27 am

NetworkNewsBreaks – DURECT Corp. (NASDAQ: DRRX) Shares Soar on $293M Development, Marketing Agreement with Novartis (NYSE: NVS)

Shares of DURECT Corp. (NASDAQ: DRRX) surged more than 30% in morning trade after the biopharmaceutical company announced a development and commercialization agreement with Sandoz AG, a division of Novartis (NYSE: NVS), for the development and U.S. marketing of POSIMIR®, DURECT’s non-opioid analgesic intended to provide up to three days of continuous pain relief after surgery. Per the agreement, DURECT will receive from Sandoz an upfront payment of $20 million, the potential for up to an additional $43 million in development and regulatory milestones, up to an additional $230 million in sales-based milestones, as well as  tiered double-digit royalty on product sales in the United States. "We…

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FridayMay 05, 2017 12:22 pm

NetworkNewsBreaks – Delta Technology Holdings (NASDAQ: DELT): Hike in Price of Solvent Byproduct Contributes to Sales Growth

Shares of Delta Technology Holdings (NASDAQ: DELT) are up 5% this morning after the company said the price of its solvent has quadrupled over the past 12 months. The solvent, which is one of the company’s principal byproducts, consists primarily of dichlorotoluene. Dichlorotoluene is used in the production of exterior wall coating and industrial glues. “Delta produces between 100 and 300 tons of solvent in OCT/PCT production process every month, and because it's a byproduct, we don't attribute a material cost to its production. As a result, sales of solvent not only contribute to revenue growth, but are also highly…

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FridayMay 05, 2017 12:18 pm

NetworkNewsBreaks – Eco Science Solutions, Inc. (ESSI) Inks LOI to Acquire Specialty Banking Operation; Shares Rise

Eco Science Solutions, Inc. (OTCQB: ESSI) shares are up more than 18% after the company this morning said it has signed a Letter of Intent (LOI) with Ga-Du Bank, Inc. for the purpose of acquiring full ownership of the bank in a stock and cash transaction. ESSI will operate the bank as a wholly owned subsidiary upon the closing of the transaction. Furthermore, the company will operate the financial banking division providing payment processing, cash management and financial services to its customers in the cannabis industry. "It has been our vision from day one that, in order to fully service…

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FridayMay 05, 2017 8:58 am

NetworkNewsBreaks – ABcann Global Corporation (ABCN:CA) Appoints W. Brett Wilson to Advisory Board

In a news release issued earlier this week, ABcann Global Corporation (ABCN:CA) announced the appointment of W. Brett Wilson to its advisory board in connection with the company’s acquisition of ABcann Medicinals Inc. Wilson brings extensive experience in financing and building early stage ventures to the Abcann Global team, having previously co-founded highly-regarded investment bank FirstEnergy in 1993. He is also a recognizable television personality known for his role as a “Dragon” on CBC’s award-winning Dragon’s Den program. “Mr. Wilson is a welcome addition to the Company’s Advisory Board,” Aaron Keay, CEO and director of ABcann Global, stated in the…

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WednesdayMay 03, 2017 1:52 pm

NetworkNewsBreaks – SeeThruEquity Issues Coverage Update on Medical Transcription Billing, Corp. (NASDAQ: MTBC)

SeeThruEquity this week issued an update on Medical Transcription Billing, Corp. (NASDAQ: MTBC). The company recently pre-announced first quarter 2017 results with revenues of $8.2 million, a 60% increase over the same period in 2016. The growth has been primarily attributed to the recent acquisition of MediGain LLC, a Texas-based medical billing specialist, and its subsidiary, Millennium Practice Management Associates, LLC. The analyst noted that Aegis will update coverage following MTBC’s plans for an upcoming reverse stock split. For more information, visit www.mtbc.com About MTBC MTBC is a healthcare information technology company that provides a fully integrated suite of proprietary…

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WednesdayMay 03, 2017 11:19 am

NetworkNewsBreaks – Social Reality, Inc. (NASDAQ: SRAX) Announces Sale of Additional $1.28 Million of Secured Convertible Debentures

Internet advertising company Social Reality, Inc. (NASDAQ: SRAX) this morning announced that it has closed on the sale of an additional $1.28 million of 12.5% senior secured convertible debentures under the same terms as the previously announced financing. Giving effect to the first closing of this offering on April 21, 2017, SRAX issued and sold an aggregate of $5,000,000 principal amount of debentures convertible at $3.00 per share and Series A Warrants to purchase 833,337 shares of its Class A common stock at $3.00 per share. “With the final closing, we've successfully completed the financing, bringing net proceeds of approximately…

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TuesdayMay 02, 2017 2:45 pm

NetworkNewsBreaks – Player’s Network, Inc. (PNTV) Launches Marijuana Accelerator Division

Diversified holding company Player’s Network, Inc. (OTCQB: PNTV) today announced the launch of a new division called Marijuana Accelerator following its acquisition of Marijuana Incubator. The launch of Marijuana Accelerator is part of PNTV’s overall strategy to gain market share by developing a national footprint in the legal medical marijuana industry. “The marijuana industry is lacking much-needed accelerator and incubator-style mentoring organizations, and we are pleased to present our unique solution to meet this need,” Brett H. Pojunis, member of PNTV’s board of directors, stated in today’s news release. “There is a lot of excitement in this industry. It reminds…

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TuesdayMay 02, 2017 12:46 pm

NetworkNewsBreaks – ProBility Media Corp. (PBYA) Releases 2017 Electrician Training Materials Series

Education technology company ProBility Media Corp. (OTCQB: PBYA) today announced that its publishing arm, Brown Technical Publications, has achieved an industry first with the release of its 2017 electrician training materials series for both journeyman and master’s electrician exam preparation programs. “We are the first publisher to release both a journeyman and master's related course individualized to over 38 states,” Noah Davis, president and COO of ProBility, stated in the news release. “Brown Technical Publications now publishes and distributes over 180 titles in seven different trade categories including electrical, pipe fitting, sheet metal, instrumentation, crane, rigging and HVAC. Distribution and…

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