Breaks Categories: News

TuesdayJun 26, 2018 10:03 am

NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Inks MOU with Vehicle Importer in Israel

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning said that it has signed a non-binding memorandum of understanding (“MOU”) with a direct importer of several leading vehicle manufacturers to Israel. The MOU covers the terms of an agreement for the sale of Foresight’s advanced driver assistance system (“ADAS”), the Eyes-On™ system, for aftermarket configuration and integration into the importer's vehicles in Israel. Once a binding agreement is signed, a pilot project will begin, using a beta version of the Eyes-On™ system to integrate into a number of models from the importer’s fleet of vehicles. The binding agreement is expected…

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TuesdayJun 26, 2018 9:59 am

NetworkNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Appoints New Director of Operations

British Columbia-based cannabis cultivation firm Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) this morning announced its appointment of Kyp Rowe as its new director of operations. Per the update, Rowe will play a key role in Choom’s strategic development moving forward, leading the company’s premium craft cannabis cultivation strategy in support of its retail roll-out for the Canadian recreational market. “Bringing Kyp onboard significantly strengthens our team as we continue to prepare for when the Canadian recreational cannabis market commences on October 17, 2018,” Chris Bogart, president and CEO of Choom, stated in the news release. “Kyp brings over 20…

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TuesdayJun 26, 2018 9:29 am

NetworkNewsBreaks – United American Corp. (UAMA) Enters Agreement for Major Expansion of Blockchain Mining Operations

Florida-based development and management company United American Corp. (“UnitedCorp”) (OTC: UAMA) this morning announced that its wholly owned subsidiary, Blockchain Data Centers Inc. (“BDC”), has entered into an expansion of its existing hosting service agreement with a Vancouver-based technology firm. Per the terms of the agreement, BDC will increase hosting of the client’s blockchain mining rigs from 1,000 to a total of 4,000. The company has already commenced construction to increase the capacity of its BlockchainDome Heat Station, and the first additional mining rigs are expected to be online in August. “We are very pleased with the now proven performance and efficiency of our…

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TuesdayJun 26, 2018 9:28 am

NetworkNewsBreaks – DeepMarkit Corp. (TSX-V: MKT) (OTCQB: MKTDF) Issues Business Development Update

DeepMarkit Corp. (TSX-V: MKT) (OTCQB: MKTDF) this morning issued an update regarding the company’s business development. Per the update, the company has achieved an average of 61% month-over-month growth in its merchant base since the March launch of its slide-out app Gamify for e-commerce websites. In response to the positive feedback, the company has developed many new features, including customization of all text fields providing multi-language capability and meeting GDPR (data protection) compliance to help confirm that customers in the EU can meet privacy requirements when collecting data and emails from consumers. In addition, the company is developing a gamified…

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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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