Breaks Categories: News

FridayMay 10, 2019 10:18 am

NetworkNewsBreaks – Uber Technologies, Inc. (NYSE: UBER) Announces Pricing of IPO

Uber Technologies (NYSE: UBER) this morning announced the pricing of its initial public offering of 180,000,000 common stock shares, each at a price of $45.00 to the public. Per the update, underwriters were granted a 30-day option to purchase up to an additional 27,000,000 shares from certain selling stockholders at the initial public offering price less underwriting discounts and commissions. Uber will not receive proceeds from any sale of shares by the selling stockholders. The shares are expected to begin trading on the New York Stock Exchange, under the symbol “UBER,” on May 10, 2019. Subject to customary conditions, the…

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FridayMay 10, 2019 9:46 am

NetworkNewsBreaks – Spectrum Global Solutions, Inc. (SGSI) Eliminates Over $3M in Convertible Debt

Leading telecommunications engineering and infrastructure services provider Spectrum Global Solutions (OTCQB: SGSI) on Thursday announced that it has forced the conversion into common stock of over $3.67 million in convertible seller notes issued in 2017 and 2018.  According to the update, the effect of the conversion was to both reduce debt and accrued interest, as well as increase the company’s shareholder net equity as it prepares to apply for NASDAQ uplisting. “These seller notes have had a toxic impact on our stock price in recent months as portions of the notes were sold at a discount to face value and…

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FridayMay 10, 2019 9:39 am

NetworkNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Subsidiary Expands Cannabis Product Sales to Alberta

VIVO Cannabis (TSX.V: VIVO) (OTCQX: VVCIF), a leading provider of premium cannabis products and services for the medical and adult-use markets, this morning announced that its wholly-owned Canna Farms Limited subsidiary has successfully completed registration with Alberta Gaming, Liquor & Cannabis (“AGLC”) to supply the Province of Alberta with its premium cannabis products. Canna Farms is presently preparing its initial shipments for immediate delivery to AGLC. “We are very excited to bring our premium products to the Alberta consumer market, one of the strongest in Canada, and fill some of the current industry supply gaps while continuing to expand our…

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ThursdayMay 09, 2019 11:55 am

NetworkNewsBreaks – Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) Renews LOI Securing Key Rail Capacity for Shymanivske Project

Canadian iron ore exploration and development company Black Iron (TSX: BKI) (OTC: BKIRF) (GR: BIN) this morning announced its renewal of a Letter of Intent (“LOI”) with Ukraine’s National Railway. Under the agreement, the railway will provide up to 10 Mtpa of capacity to move product from the line located within two kilometers of Black Iron’s Shymanivske Project to Port Yuzhny, a deep water port in the Black Sea. Per the update, unlike many other start-up iron ore mines, the Shymanivske Project has ready accessibility to all essential infrastructure needed for its operation, and Black Iron is renewing vital LOIs…

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ThursdayMay 09, 2019 11:41 am

NetworkNewsBreaks – Canopy Rivers Inc.’s (TSX.V: RIV) (OTC: CNPOF) PharmHouse Enters Significant Supply, Offtake Agreement with Canopy Growth Corp. (TSX: WEED) (NYSE: CGC)

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) today announced that its 49 percent-owned portfolio company, PharmHouse Inc., has entered into a second offtake agreement with Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) for the purchase of cannabis from its 1.3 million square foot greenhouse facility upon licensing. According to the update, the agreement commits an additional 20 percent of PharmHouse's flowering space, in addition to the 10 percent originally committed in May 2018, to Canopy Growth for the next three years. The agreement provides for the delivery to Canopy Growth a minimum of 25,000 kg and maximum of 45,000 kg of…

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ThursdayMay 09, 2019 10:42 am

NetworkNewsBreaks – Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) to Expand Into Pet CBD Category with Launch of New Hemp-Derived Product Line

Premium functional food and beverage company Phivida Holdings (CSE: VIDA) (OTCQX: PHVAF) this morning announced its plans to launch a range of hemp-derived CBD pet products. According to the update, Phivida's new product offerings will be consistent with the company’s strong focus on providing consumers with healthy alternatives to pharmaceuticals, and fully natural and plant-based health and wellness solutions. “Our mission is to provide the highest quality Hemp CBD natural wellness products for our consumers,” Phivida president and CEO Jim Bailey stated in the news release. “By expanding into the pet CBD category, our goal is to provide pet owners…

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ThursdayMay 09, 2019 10:26 am

NetworkNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Enters Agreement with Persuasion Brewing Co. to Produce CBD-Infused Beverages

TransCanna Holdings (CSE: TCAN) (FSE: TH8) today announced its entry into a non-binding letter of intent (“LOI”) with Persuasion Brewing Co., a Modesto, California-based private brewing company. According to the update, the companies have agreed to establish, within TransCanna’s recently purchased 196,000-square-foot vertically integrated facility, a Persuasion Brewing division that will produce a variety of CBD-infused non-alcoholic beers. Under the LOI, TransCanna will have exclusive rights to the private labeled beers created at the facility. “Our 196,000-square-foot vertically integrated, cannabis-focused facility is perfectly designed to have a comprehensive bottling and canning line for multiple types of beverages,” TransCanna CEO Jim…

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ThursdayMay 09, 2019 9:48 am

NetworkNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Obtains Supply Agreement with British Columbia Liquor Distribution Branch

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a cannabis-focused research and development company, this morning announced that it has obtained a cannabis supply agreement with the BC Liquor Distribution Branch ("BCLDB"), under the brand BC Cannabis Stores. The agreement with British Columbia's public retailer of non-medical cannabis was negotiated in collaboration with Velvet Management Inc. “With very positive feedback on TGOD products from our British Columbia medical patients, we are excited to offer our premium certified organic products to the recreational market,” TGODF CEO Brian Athaide stated in the news release. “As our two Canadian production facilities come…

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WednesdayMay 08, 2019 12:06 pm

NetworkNewsBreaks – OnPointe Risk Analyzer to Provide Financial Risk Analysis Software Demonstration at FinovateSpring 2019

OnPointe Risk Analyzer, a provider of powerful tools for financial advisors and wealth management professionals, this morning announced that it will present its industry-leading platform for investment risk analysis at FinovateSpring 2019 in San Francisco. On May 9th at 11:25 AM PDT, OnPointe co-founder and CTO Rob Harbin will deliver a demonstration of the company’s “market-calibrated” risk scoring methodology and showcase how it enables users to analyze real-world scenarios and gain deeper client insights. “OnPointe’s innovative software is a highly intelligent, market-calibrated risk analysis formula that simplifies the complex issues of risk analysis to help advisors understand their clients’ preferences…

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WednesdayMay 08, 2019 11:46 am

NetworkNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) to Sell Hemp CBD Products in Select Abercrombie & Fitch Locations

Lifestyle-oriented cannabis company Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) was featured in a Bloomberg article earlier this week concerning the firm’s partnership with Abercrombie & Fitch Co. (NYSE: ANF). As noted in the article, Green Growth will sell its Seventh Sense Botanical Therapy body scrubs, bath bombs, cleansing oils, lotions and lip balms in 10 Abercrombie & Fitch stores in Massachusetts, California, Colorado and Nevada. The Bloomberg piece states that the Seventh Sense Botanical Therapy products are “made with CBD derived from hemp, which was legalized with the U.S. farm bill in December and is said by its…

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