Breaks Categories: News

TuesdayOct 31, 2017 10:02 am

NetworkNewsBreaks – Global Payout, Inc. (GOHE) Subsidiary Co-Hosts Cannabis Industry Networking Event

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that its majority owned subsidiary, MoneyTrac Technology, Inc., successfully hosted a joint networking event last week in Las Vegas with fellow companies operating in the cannabis financial market sector, including Fusion Bank, Integrated Compliance Solutions, LLC and NICCE Exchange. Notably, the event brought together key individuals from different areas across the West Coast who are involved in the fast-growing cannabis industry. “The power of networking and identifying synergistic business opportunities should never be underestimated,” James Hancock, CEO of MoneyTrac Technology, stated in the news release. “From banking solutions to…

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TuesdayOct 31, 2017 9:36 am

NetworkNewsBreaks – Greenkraft, Inc. (GKIT) Announces Entry into Multiple Supply Contracts

Greenkraft, Inc. (OTCQB: GKIT), a nationally recognized player in the alternative fuel engine and vehicle market, this morning announced its entry into supply contracts with several dealers and distributors looking to provide to their customers a range of efficient, eco-friendly commercial trucks. “We continue to see increased and widespread demand for alternative commercial trucks and alternative fuel systems, and we are pleased to be in a position to meet this demand with our line of vehicles,” George Gemayel, CEO of Greenkraft, noted in the news release. “These new supply contracts are on par with our recently announced initiatives to expand…

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MondayOct 30, 2017 2:34 pm

NetworkNewsBreaks – FAT Brands (NASDAQ: FAT) Rings Opening Bell at NASDAQ Following IPO

FAT Brands (NASDAQ: FAT) rang the NASDAQ opening bell this morning following its successful Reg A+ initial public offering (IPO). The offering was launched this summer with a goal of raising $20 million. The IPO closed on Friday, October 27, exceeding its target by raising $24 million through the sale of two million shares priced at $12.00 per share. Operating with its online division BANQ®, TriPoint Global Equities, LLC acted as the lead managing selling agent and sole book runner for the offering. Additionally, the company aims be the first Reg A+ Issuer listed on a National Securities Exchange to…

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MondayOct 30, 2017 1:09 pm

NetworkNewsBreaks – Cardiome Pharma Corp. (NASDAQ: CRME) Initiates Commercial Launch of Xydalba™ in Three European Countries

Cardiome Pharma (NASDAQ: CRME) (TSX: COM) has initiated the commercial launch of Xydalba™ in Sweden, Finland and the Republic of Ireland, per the company’s announcement this morning. The European Medicines Agency (EMA) has approved Xydalba for the treatment of Acute Bacterial Skin and Skin Structure Infections (ABSSSIs) in adults. Xydalba was approved by the U.S. Food and Drug Administration (FDA) in 2014 for the treatment of adult patients with ABSSSI caused by susceptible Gram-positive bacteria, including MRSA. "Our geographic footprint continues to expand, allowing us to make our portfolio of differentiated hospital products available to patients through our ex-U.S. global…

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MondayOct 30, 2017 12:10 pm

NetworkNewsBreaks – Aviragen Therapeutics, Inc. (NASDAQ: AVIR) Shares Drop on Merger Agreement with Vaxart, Inc.

Shares of Aviragen Therapeutics (NASDAQ: AVIR) are down 13.24% after the company this morning said it has entered into a definitive merger agreement with Vaxart, Inc., a privately-held company focused on developing oral recombinant vaccines based on its proprietary delivery platform. The combined company created by the merger, Vaxart, Inc., will be focused on developing orally-delivered therapeutics and prophylactics to address various viral infections. “After a comprehensive review of strategic alternatives, we are delighted to announce this transaction with Vaxart, which will complement Aviragen’s focus on infectious diseases and position us to create both near and long-term value for our…

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MondayOct 30, 2017 12:07 pm

NetworkNewsBreaks – Micronet Enertec Technologies, Inc.’s (NASDAQ: MICT) MRM Subsidiary Receives $3.1M Order for SmartHub-TREQr5

Shares of Micronet Enertec Technologies, Inc. (NASDAQ: MICT) are up 17.66% this morning after the company announced that its Mobile Resource Management (MRM) subsidiary, Micronet Ltd., received a purchase order for its recently released SmartHub-TREQr5 product valued at approximately $3.1 million. The SmartHub-TREQr5 is an innovative ruggedized telematics, Android on-board computer optimized for Internet of Things (IOT) and fleet management applications. The order also includes a $100,000 renewable yearly license for Micronet's Guardian System Design, a cloud-based SaaS platform. "We are extremely pleased with the significant increase in orders for our new line of products. Micronet is working on expanding…

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MondayOct 30, 2017 9:14 am

NetworkNewsBreaks – Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) Enters MOU to Expand California Project

Canadian energy exploration and development company Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) this morning announced its entry into a memorandum of understanding with TETRA Technologies, Inc. (NYSE: TTI) aimed at securing access to additional operating and permitted land consisting of approximately 12,100 acres in Bristol Dry Lake and up to 11,840 acres in the adjacent Cadiz Dry Lake in California’s Mojave Desert. With these additions, Standard Lithium now has access to approximately 48,000 acres of mixed private, patented and placer claim land in the Bristol Dry Lake and Cadiz Dry Lake basins, allowing it exclusive lithium brine…

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ThursdayOct 26, 2017 4:07 pm

NetworkNewsBreaks – Grey Cloak Tech, Inc. (GRCK) Announces Cancellation of Reverse Stock Split

Grey Cloak Tech, Inc. (OTCQB: GRCK) today announced that its board of directors has decided to abandon and cancel the reverse stock split that was previously approved by both the board and the company’s shareholders in February 2017. Per the update, the board believes that, given the company’s recent acquisition and changes in the market since the time of the approval, it is in the best interest of Grey Cloak Tech to cancel the reverse split. Today’s announcement comes just two days after Grey Cloak Tech announced its acquisition of medically-focused CBD company Eqova Life Sciences in an all-stock transaction.…

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ThursdayOct 26, 2017 9:51 am

NetworkNewsBreaks – SinglePoint, Inc. (SING) President Discusses Acquisitions, Cannabis and Cryptocurrency in New Podcast Interview

Specialized holding company SinglePoint, Inc. (OTC: SING) is the focus of a newly-released podcast interview announced this morning by Investorideas.com. The second of a two-part series, the new podcast features Wil Raston, president of SinglePoint, discussing the company’s progress toward the impending launch of its new bitcoin exchange platform. “We're looking to finish up in the next week or two and hopefully have a nice beta system ready to launch,” Ralston states in the interview. “So far we've finished the portal for the user sign-up, we've added a cart system for dispensaries to actually upload their product and inventory, place…

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ThursdayOct 26, 2017 9:27 am

NetworkNewsBreaks – Global Payout, Inc. (GOHE) Subsidiary Ramping-Up Sales and Marketing Efforts for PotSaver Brand

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that its majority owned subsidiary, MoneyTrac Technology, Inc., is currently in the process of ramping-up its sales and marketing efforts within Los Angeles County for its newly-acquired PotSaver brand. Per the update, PotSaver will be releasing its premier Los Angeles publication on January 1, 2018, to coincide with the legalization of recreational cannabis in the most populous state in the country, California. Acquired in September by MoneyTrac, PotSaver is a revenue producing community periodical and online advertising platform focused on providing listings on discounted cannabis-related products for local dispensaries…

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