Breaks Categories: News

TuesdayOct 17, 2017 10:24 am

NetworkNewsBreaks – SinglePoint, Inc. (SING) Announces Acquisition of Profitable Denver-Based Company

Specialized holding company SinglePoint, Inc. (OTC: SING) this morning announced its acquisition of a 51 percent stake in JAG, a Denver-based group. Through July 2017, the newly-acquired JAG recorded $600,000 in revenue with gross margins of roughly 26 percent. These results followed full-year 2016 revenue of $700,000 and continued to build on the company’s trend of consistently achieving year-over-year growth since commencing operations in 2014. “We are very excited for this opportunity as it dramatically increases SinglePoint revenues and profitability,” Greg Lambrecht, CEO of SinglePoint, stated in the news release. “We look forward to continuing investing in and growing SinglePoint's…

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TuesdayOct 17, 2017 9:59 am

NetworkNewsBreaks – InMed Pharmaceuticals, Inc. (CSE: IN) (OTCQB: IMLFF) Provides Update on INM-405 Development

Preclinical stage biopharmaceutical company InMed Pharmaceuticals, Inc. (CSE: IN) (OTCQB: IMLFF) this morning announced preclinical results in the development of INM-405 for the treatment of pain. Notably, results from the company’s studies suggest that peripheral application of certain cannabinoid compounds, alone or in combination, is effective in the treatment of craniofacial muscle pain disorders, without any observed CNS side effects. InMed suggests that this lack of side effects may position cannabinoid-based compounds as more desirable treatment options than existing systemic pain-relief administration. News of these findings follows the company’s recent filing of a provisional patent application in the United States…

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TuesdayOct 17, 2017 9:28 am

NetworkNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Names Paul Lucas as New Board Chair

ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) this morning announced its appointment of Paul Lucas as its new independent chair following founder Ken Clement’s decision to step down from the position. Clement will continue to serve as a member of the company’s board of directors. “Ken’s visionary leadership has given ABcann a great foundation to build upon and we appreciate his years of dedicated service and contributions,” Paul Lucas stated in the news release. “Having him maintain his position on the Board will help the Company maintain continuity of leadership and historical knowledge. I am thrilled to take on the…

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MondayOct 16, 2017 11:33 am

NetworkNewsBreaks – Aethlon Medical, Inc. (NASDAQ: AEMD) Establishes Large-Scale Production Collaboration with iBio, Inc. (NYSE: IBIO)

Aethlon Medical (NASDAQ: AEMD) this morning said that it has established a collaboration with iBio, Inc. (NYSE AMERICAN: IBIO) to support potential large-scale production of the Aethlon Hemopurifier®. The companies intend to advance large-scale production of a recombinant form of Galanthus nivalis agglutinin (GNA), a plant-derived lectin that is immobilized within the Hemopurifier® to bind infectious enveloped viruses. Aethlon has completed a feasibility study with iBio researchers confirming the capability to produce highly active recombinant GNA through the use of iBio's plant-based technology. "The production of recombinant GNA in iBio's large-scale manufacturing facilities establishes a pathway for us to access…

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MondayOct 16, 2017 9:41 am

NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Announces Advancement in Magnesium Extraction

Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF), alongside engineering partner PurLucid Treatment Solutions, this morning announced its recent advancement in magnesium extraction. The optimization focused on addressing complex brines with very high magnesium levels, as well as extraction to a common marketable form of magnesium compound. “Magnesium in brine, often referred to as hardness in water, has traditionally been one of the major issues in processing of lithium concentrate,” Jared Lazerson, CEO of MGX Minerals, stated in the news release. “Removal of very high levels of magnesium opens up a large number of…

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MondayOct 16, 2017 9:10 am

NetworkNewsBreaks – Global Payout, Inc. (GOHE) Subsidiary Makes Successful Showing at 2017 Southwest Cannabis Conference and Expo

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that MoneyTrac Technology, Inc., its majority-owned subsidiary, in addition to its newly-acquired marketing and publishing entity, PotSaver, made a successful showing at last week’s Southwest Cannabis Conference and Expo in Phoenix, Arizona. “Attending this event was an excellent opportunity for us to share the vast array of technology and business-related solutions MoneyTrac has to offer to the many new and existing businesses in cannabis,” James Hancock, CEO of MoneyTrac, stated in the news release. “In having had the chance to speak with several different owners of these businesses, it…

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FridayOct 13, 2017 1:00 pm

NetworkNewsBreaks – Quarterhill, Inc. (NASDAQ: QTRH) Hits New 52-Week High after Subsidiary Acquires Patent Portfolio

Wi-LAN, a Quarterhill (NASDAQ: QTRH) company, this morning said that its wholly owned SecureWave Storage Solutions, Inc. subsidiary has acquired a portfolio of patents from Wave Systems Corp. The patents cover various technologies including improvements to securing data for storage devices, such as self-encrypting drives. These enhancements prevent unauthorized access to data at the storage device level in client devices, data centers, and servers. Following the news, shares of Quarterhill reached a new 52-week high, currently trading at $1.79. To view the full press release, visit: http://nnw.fm/1wWU1 About WiLAN WiLAN, a Quarterhill company, is a global patent licensing company. The…

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FridayOct 13, 2017 11:32 am

NetworkNewsBreaks – International Endeavors Corp. (IDVV) Enters MOU with Kubby Cryogenics, Inc. to Expand Medical Cannabis Line

International Endeavors (OTC: IDVV) this morning said that it has signed a memorandum of understanding (MOU) with Kubby Cryogenics, Inc. Per the agreement, Kubby Cryogenics will seek to patent medical grade cannabis strains that are genetically profiled to treat specific diseases. The agreement also states that Steve Kubby will immediately become CEO of International Endeavors. Kubby Cryogenics has assembled a team of top scientists and geneticists to continue developing the company’s proprietary cryogenics products. "We will create a dispensary system for legal medical cannabis states standardizing the patient centered, consultation approach while presenting an enticing line of Adult Use products…

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FridayOct 13, 2017 11:29 am

NetworkNewsBreaks – PhaseRx, Inc. (NASDAQ: PZRX) Initiates Corporate Restructuring, Review of Strategic Alternatives

Shares of PhaseRx (NASDAQ: PZRX) are up 43.5% after the company this morning said that its board of directors has decided to conduct a restructuring of operations in an effort to decrease short term operating expenses and delay the development of its lead product candidate, PRX-OTC. In an effort to preserve the company’s cash resources, the restructuring includes a decrease in PhaseRx's personnel by 10 employees, including some executive officers. As of June 30, 2017, PhaseRx had cash and equivalents of $8.4 million and a total of 20 employees. The company’s board of directors has also started a review of strategic alternatives, such as…

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ThursdayOct 12, 2017 2:44 pm

NetworkNewsBreaks – VirTra, Inc. (VTSI) Applies for Nasdaq Up-Listing

VirTra (OTCQX: VTSI) applied to list its common stock on the Nasdaq Capital Market under the symbol “VTSI” on October 10, 2017, per a news release issued yesterday. Upon qualification by the Securities and Exchange Commission (SEC) of its planned Regulation A+ offering of common stock, VirTra intends to raise a minimum of $5 million and a maximum of $10 million pursuant to an Offering Statement filed with the SEC on September 11, 2017. The company’s Regulation A+ offering will be underwritten by Boustead Securities, LLC and hosted at www.flashfunders.com. “We believe listing on the Nasdaq will provide our company…

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