Breaks Categories: News

MondayFeb 11, 2019 9:40 am

NetworkNewsBreaks – Spectrum Global Solutions Inc. (SGSI) Utilizes Equity Investment to Reduce Outstanding Debt, Strengthen Balance Sheet

Spectrum Global Solutions Inc. (OTCQB: SGSI), a multi-national single-source provider of next-generation communications network professional services and software solutions to telecommunications and enterprise markets, this morning announced that it was able to utilize an equity investment received in connection with its previously announced WaveTech Global merger to satisfy the approximately $1.1 million debt owed to Libertas Funding LLC in connection with Spectrum’s acquisition of TNS. “Our ability to satisfy the Libertas debt within 30 calendar days saved the Company thousands of dollars and freed up additional cash that was being used for amortization payments,” Roger Ponder, CEO of Spectrum, stated…

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MondayFeb 11, 2019 8:45 am

NetworkNewsBreaks – INmune Bio, Inc. (NASDAQ: INMB) Granted $1M by the Alzheimer’s Association to Advance Development of XPro1595

INmune Bio (NASDAQ: INMB) this morning announced that the company has been awarded a grant to receive $1,000,000 from the Alzheimer's Association to advance XPro1595 under the Part the Cloud to RESCUE grant. XPro1595 is a novel therapy targeting neuroinflammation as a cause of Alzheimer’s disease. The award will be paid to the company in traches during the phase 1 clinical trial. “We are honored to receive this grant from the Alzheimer’s Association,” RJ Tesi, M.D., CEO of INmune Bio stated in the news release. “The Alzheimer’s Association has shown the vision and leadership to support the quest for effective…

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FridayFeb 08, 2019 9:57 am

NetworkNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Secures Supply Agreement with Ontario’s Sole Legal Retailer for Recreational Cannabis

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) this morning announced that it has secured a cannabis supply agreement with the Ontario Cannabis Retail Corporation, which operates as the Ontario Cannabis Store ("OCS"). OCS is the only legal retailer of recreational cannabis in Canada's most-populous province. According to the update, online sales launched in October 2018 and, set to begin in April of this year, the OCS will also supply cannabis products to licensed private retail stores across the province. The first 25 retailers that are eligible to apply for cannabis licenses were announced…

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FridayFeb 08, 2019 9:49 am

NetworkNewsBreaks – TransCanna Holdings Inc.’s (CSE: TCAN) (FSE: TH8) Acquisition of GoodFellas to Include Proprietary Simple Brand and User-Friendly Cannabis Kit

TransCanna Holdings (CSE: TCAN) (FSE: TH8) today announced that in addition to the branding and marketing business of Goodfellas Group, LLC, subject to completion of the previously-announced acquisition, the company will acquire its existing in-house brand "Simple". The Goodfellas team, through Simple, has created as a user friendly, smart cannabis package called the Simple Kit(TM) to assist first time consumers to experience cannabis in a positive way. The Simple Kit comes in user-friendly packaging, with a box that can be transformed into a tray when opened, and includes a child proof/waterproof/airtight container/grinder, a portion of cannabis, filter tips, a cannabis…

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FridayFeb 08, 2019 9:22 am

NetworkNewsBreaks – SinglePoint Inc. (SING) CEO Announces Signing of LOI for up to $12M in Funding on MoneyTV with Donald Baillargeon

Technology and investment company SinglePoint (OTCQB: SING) was featured on this week’s episode of MoneyTV with Donald Baillargeon. The program is internationally-syndicated and reviews money-focused topics, featuring in-depth CEO and executive interviews from various companies offering insights into their operations and future outlooks. In this week’s episode, SinglePoint CEO Greg Lambrecht announced that the company has signed a letter of intent (“LOI”) for up to $12 million in funding on an S-1 registration. “This is going to allow us to do more acquisitions,” SinglePoint CEO Greg Lambrecht stated in the interview. “This is going to allow us to do all…

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ThursdayFeb 07, 2019 3:30 pm

NetworkNewsBreaks – Grey Cloak Tech Inc. (GRCK) Finalizes Acquisition of BergaMet NA, LLC

Grey Cloak Tech (OTC: GRCK) today announced that it has completed the acquisition of BergaMet NA, LLC, resulting in BergaMet becoming a wholly-owned subsidiary of the company. BergaMet imports, manufactures and distributes a proprietary line of products derived from Bergamot, a rare citrus fruit that is considered a “superfruit” due to the uncommon composition of the various antioxidant polyphenols. As part of the acquisition, Sanjeev Javia was appointed as President, Chief Executive Officer, and has joined the Grey Cloak Board of Directors. Prior to the acquisition, the company entered into a note satisfaction agreement with all holders of its convertible…

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ThursdayFeb 07, 2019 12:57 pm

NetworkNewsBreaks – Golden Developing Solutions Inc. (DVLP) Announces Imminent Launch of ‘WheresCBD’ Portal

Golden Developing Solutions Inc. (OTC: DVLP), an emerging leader in the cannabis, hemp and cannabidiol (“CBD”) marketplace, this morning announced the imminent launch of its new ‘WheresCBD’ portal. “With WheresCBD, we are creating the most comprehensive CBD consumer resource in existence, expanding on the dramatic growth we have witnessed in our WheresWeed division,” Stavros Triant, CEO of DVLP, stated in the news release. “The low-level retail CBD story has played itself out. But the specialty and niche story is really just getting started… We see this as an explosive service niche with no serious competition in a market that is…

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ThursdayFeb 07, 2019 11:26 am

NetworkNewsBreaks – Net Element, Inc. (NASDAQ: NETE) CEO Releases Letter to Shareholders Highlighting 2018 Milestones and Initiatives for Year Ahead

Global technology and value-added solutions group Net Element (NASDAQ: NETE) this morning released a letter to its shareholders from its CEO Oleg Firer that highlights 2018 milestones and plans for the year ahead. According to the update, NETE’s 2018 accomplishments include the acquisition of recurring cash flow portfolio from Argus Merchant Services, projected to add over $4 million in gross profits over the next 4 years; ranking on Deloitte’s 2018 Technology Fast 500; winning two categories at ACQ5 Global Awards 2018, with CEO named “Gamechanger of the Year”; and strategic appointments of Jon Najarian of CNBC “Halftime Report” and “Fast…

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ThursdayFeb 07, 2019 11:17 am

NetworkNewsBreaks – CybiWealth’s Digital Platform Creates Greater Access to Low-Cost Investment in Market Leading Companies

Multifaceted financial news and publishing company NetworkNewsWire (“NNW”) today announced an update highlighting financial disruptor CybiWealth, which is presenting at this week’s London-based Finovate Europe conference. The company’s new digital investment platform is designed to create greater access to investing by enabling young and first-time investors to buy direct shares in global companies at extremely low costs. CybiWealth’s approach also allows investors to become the beneficial owners of the shares, allowing them to, unlike mutual funds, hold shares in their own name rather than indirect investment. The platform also simplifies the fee structure for investors with removal of administration and…

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ThursdayFeb 07, 2019 10:37 am

NetworkNewsBreaks – Supreme Cannabis Company Inc.’s (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) 7ACRES Expands Domestic Distribution Coast-to-Coast Across Eight Provinces

Supreme Cannabis Company (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced that its wholly owned subsidiary, 7ACRES, has entered into a supply agreement with the New Brunswick Liquor Corporation to supply recreational cannabis to its retail stores and has been registered as a supplier in the province of Saskatchewan. Per the update, Saskatchewan and New Brunswick are 7ACRES' seventh and eighth provincial partners in addition to British Columbia, Alberta, Manitoba, Ontario, Nova Scotia and PEI. “We're excited to announce that 7ACRES-branded products will be available for adult-use in eight Canadian provinces coast-to-coast,” Supreme Cannabis CEO Navdeep Dhaliwal said in…

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