Breaks Categories: News

TuesdayJan 09, 2018 10:48 am

NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Subsidiary Successfully Addresses Zinc-Air Flow Battery Reliability Issues

Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF), through wholly owned subsidiary ZincNyx Energy Solutions, Inc., this morning announced that it has solved the long-standing reliability issues caused by the growth of zinc dendrites in zinc-air flow batteries. Because the growth of zinc filaments, or dendrites, in unintended areas can cause membrane ruptures or short circuits, avoidance of dendrite damage is noted as the “most significant hurdle in [the] development and commercialization of zinc-air flow battery systems.” The ZincNyx system is immune to this issue, because it uses zinc dendrites as fuel and consumes…

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TuesdayJan 09, 2018 10:06 am

NetworkNewsBreaks – Veritas Pharma Inc. (CSE: VRT) (OTC: VRTHF) (FRT: 2VP) Responds to Cole Memo Repeal

Emerging-stage pharmaceutical and IP development company Veritas Pharma Inc. (CSE: VRT) (OTC: VRTHF) (FRT: 2VP) this morning issued a follow-up statement to the memorandum issued by Attorney General Jeff Sessions on January 4, 2018, concerning marijuana enforcement and the repeal of the Cole Memo. In the update, Veritas noted that the AG’s decision largely relates to the recreational cannabis marketplace, in which individual states have allowed sales over the last 24 months. Conversely, the company notes, it does not affect the medical cannabis marketplace. As such, Veritas intends to build on its commitment to advancing the science of medical cannabis…

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TuesdayJan 09, 2018 9:39 am

NetworkNewsBreaks – Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) (FRA: 6F6) (WKN: A2AKL8) Partners Up to Offer $2M Prize Pool to Blockchain Innovators

Blockchain-focused venture builder Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8) this morning announced its entry into a partnership with the Blockchain Investors Consortium (“BIC”) through which the company plans to offer a $2 million prize pool for the top three blockchain technology companies at each of the d10e conferences held in the coming year. “By partnering with the BIC and d10e to provide these investment prizes, we’re proud to have the opportunity to connect in such a meaningful way with the real up-and-comers in blockchain and cryptocurrency,” Shafin Diamond Tejani, CEO of Victory Square, stated…

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MondayJan 08, 2018 12:33 pm

NetworkNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) CEO Recaps 2017 Highlights

Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP), a biosciences company that has developed delivery technologies to improve absorption of bioactive compounds, this morning announced the release of a 2017 year-end summary penned by CEO Chris Bunka. The release highlights what Bunka refers to as Lexaria’s “busiest and most productive” year to date, including details about the company’s progress toward strengthening its balance sheet, ongoing research and development efforts related to its patented DehydraTECH™ absorption and palatability enhancing technology, its preparations for increased demand in both Californian and Canadian markets and its ongoing efforts to strengthen its intellectual property portfolio. Bunka…

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MondayJan 08, 2018 12:28 pm

NetworkNewsBreaks – NeutriSci International Inc. (TSX-V: NU) (OTCQB: NRXCF) (FRANKFURT: 1N9) Enters Research and Development MOU with Scientus Pharma Inc.

NeutriSci International (TSX-V: NU) (OTCQB: NRXCF) (FRANKFURT: 1N9) this morning announced that it has entered into a major research and development (R&D) Memorandum of Understanding (“MOU”) with Scientus Pharma Inc. In accordance of the terms set forth in the MOU, the two companies have agreed to share their technologies to develop, test, produce, and distribute a medical cannabinoid product for current retail distribution networks throughout Canada. "This Scientus Pharma partnership helps position us at the forefront of developing new and innovative cannabinoid based medical products in Canada. Scientus Pharma, along with its existing partnerships, is sure to be a dominant…

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MondayJan 08, 2018 11:55 am

NetworkNewsBreaks – Grey Cloak Tech, Inc. (GRCK) Launches CBD TV YouTube Channel

Grey Cloak Tech, Inc. (OTCQB: GRCK) this morning announced the launch of its brand new YouTube channel, CBD TV, which will feature content such as educational videos on CBD, in-house staff video reviews of products found on CBD.co and interviews with some of the top executives in the CBD and hemp arenas. Per the update, CBD TV, which can be visited at www.CBD.co/tv, will be one of the chief communication tools for the Grey Cloak family of companies moving forward. “Frankly, there is no “go-to” source of reliable information on CBD or hemp on the web. Thus, it’s a great…

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MondayJan 08, 2018 11:03 am

NetworkNewsBreaks – Medical Cannabis Payment Solutions (REFG) Issues Response following Attorney General’s Decision to Rescind Cole Memo

Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) this morning issued a response to Attorney General Jeff Sessions’ decision to rescind the Cole Memo and other internal enforcement guidelines from the Obama Administration that deprioritized enforcement of federal marijuana prohibition against individuals and businesses complying with state laws regarding marijuana. “Our company relied on the Cole Memo and the supplementary Treasury Department guidance in our company’s business strategy,” Jeremy Roberts, CEO of Medical Cannabis Payment Solutions, stated in the news release. “We also rely on the protections of the Rohrabacher-Farr Amendment. We believe that while the Cole Memo…

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MondayJan 08, 2018 9:55 am

NetworkNewsBreaks – Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) Acquires Exploration Rights for Lease Package in Smackover Formation

Lithium-focused mining company Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) this morning announced its entry into an option agreement with TETRA Technologies Inc. (NYSE: TTI) to acquire the rights to conduct exploration, production and lithium extraction activities on up to 33,000 acres of brine leases located in a highly productive area of Southern Arkansas’s Smackover Formation. “In our search for opportunities of significance, this is one that could really move the needle.  We believe the Smackover may be one of the lithium industry’s most promising regions to develop, given the potential resource size and large-scale brine-handling infrastructure in…

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MondayJan 08, 2018 9:13 am

NetworkNewsBreaks – IEG Holdings Corp. (IEGH) Commences Tender Offer for Stake in LendingClub Corporation (NYSE: LC), Highlights “Flawed” Business Model

Consumer loan provider IEG Holdings Corp. (OTCQB: IEGH) this morning announced the commencement of a tender offer for shares of LendingClub Corporation (NYSE: LC) by which the company aims to exchange 13 shares of its common stock for each share of LendingClub, up to an aggregate of just over 20 million shares, or 4.99 percent of LendingClub’s outstanding shares. In the news release, IEGH identified what it believes to be a number of major risks and problems with the LendingClub business model and management, including weak underwriting standards, lack of company-owned state lending licenses, unsustainable funding sources, excessive cost structure…

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FridayJan 05, 2018 4:57 pm

NetworkNewsBreaks – IEG Holdings Corp. (IEGH) Initiates Tender Offer for Shares of LendingClub Corp. (NYSE: LC)

IEG Holdings (OTCQB: IEGH), a provider of unsecured consumer loans, said today that it has commenced a tender offer to exchange 13 shares of the company’s common stock for each share of common stock of LendingClub Corp. (NYSE: LC) up to a total of 20,701,999 shares of LendingClub common stock. The aggregate amount represents approximately 4.99% of LendingClub’s outstanding shares as of October 31, 2017, validly tendered and not properly withdrawn in the offer. Unless it is extended further or terminated early, this offer is set to expire on February 22 at 5 p.m. ET. Complete terms and conditions of…

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