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TuesdayNov 22, 2022 10:47 am

NetworkNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) Announces Close on $6M Private Placement Funding

InMed Pharmaceuticals (NASDAQ: INM), a leader in the pharmaceutical research, development and manufacturing of rare cannabinoids and cannabinoid analogs, has closed on a private placement with two healthcare-focused institutional investors. The placement included the sale of 1,818,185 INM common shares, which were issued at a purchase price of $3.30 per share (or prefunded warrant in lieu thereof); the shares were priced at-the-market under NASDAQ rules. The announcement also noted that InMed issued unregistered preferred investment options to the investors in the offering to purchase up to 3,272,733 common shares. The offering resulted in approximately $6 million in gross proceeds for…

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TuesdayNov 22, 2022 10:30 am

NetworkNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Releases Q3 2022 Financial Report

Freight Technologies (NASDAQ: FRGT), a technology company based on its custom-developed Fr8App platform, which is powered by AI and machine learning and which offers a real-time portal for B2B cross-border shipping and domestic shipping within the United States-Mexico-Canada (“NAFTA”) region, is reporting on its third-quarter 2022 revenue for the period ended Sept. 30, 2022. According to the report, the company showed revenue growth of 38% over the same period last year, reporting revenue of $7.7 million for this quarter compared to $5.6 million for Q3 2021. The company also announced an adjustment in full-year 2022 revenue guidance, increasing it to…

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TuesdayNov 22, 2022 10:22 am

NetworkNewsBreaks — DoubleDown Interactive Co. Ltd. (NASDAQ: DDI) Announces December Date for Upcoming Extraordinary General Meeting

DoubleDown Interactive (NASDAQ: DDI), a leading gaming company delivering unique player experiences across a variety of genres, has scheduled an extraordinary general meeting of shareholders; the meeting will be held in Seoul on Dec. 27, 2022, at 9 p.m. ET. According to the announcement, at the meeting the company’s board of directors will present a resolution to approve the reduction of the company’s capital reserve in the amount of KRW330 billion pursuant to Article 461-2 of the Korean Commercial Code. The company announced that the status of shareholders will be determined at close of business on Dec. 5, 2022, ET. Shareholders who meet…

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TuesdayNov 22, 2022 10:17 am

NetworkNewsBreaks – EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQB: EVGIF) Releases Q3 2022 Earnings Report and Corporate Update, Plans Earnings Call

EverGen (TSX.V: EVGN) (OTCQB: EVGIF), Canada’s renewable natural gas (“RNG”) infrastructure platform, has released its financial results and corporate update for the three- and nine-month periods ended Sept. 30, 2022. The Q3 report milestones include quarterly revenue numbers that were in line with last year, poised for growth with core expansion projects under construction on schedule and on budget; a signed term sheet for a long-term RNG offtake agreement at Fraser Valley Biogas (“FVB”); the completed acquisition of GrowTEC and construction of RNG expansion reaching 80% completion; secured funding for EVGN’s core RNG expansion projects, including a signed term sheet…

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MondayNov 21, 2022 2:28 pm

NetworkNewsBreaks – Knightscope, Inc. (NASDAQ: KSCP) CEO Discusses Vast Potential of Autonomous Technology in ‘Get Authentic’ Interview

Knightscope (NASDAQ: KSCP), a developer of advanced physical security technologies focused on enhancing U.S. security operations, was featured in Get Authentic with Marques Ogden, a podcast series delivering honest, unfiltered and real-time stories from legendary athletes and industry leaders. The company’s chairman and CEO William Santana Li joined the broadcast, hosted by NFL veteran and best-selling author Marques Ogden, to discuss Knightscope’s technology and how it is aiding the company in disrupting the $500 billion security industry. Li said in the interview, “We have this crazy mission at Knightscope to make the U.S. the safest country in the world. We…

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MondayNov 21, 2022 1:51 pm

NetworkNewsBreaks – CubCrafters Receives SEC Stock Offering Approval, Makes Progress in Plan to Go Public

CubCrafters, a light-sport, experimental, and backcountry aircraft company, announced that it has earned a qualification through the Securities and Exchange Commission (“SEC”) to make a $50 million public stock offering. This recent announcement, which takes the company one step closer to becoming a public company, gives outside investors an opportunity to invest in the company for the first time. According to the announcement, the company anticipates raising the funds from “fans, customers, aviation enthusiasts, the investment community, and the general public.” The company said that first-round investors would be able to purchase shares at $5 per share, with a minimum…

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MondayNov 21, 2022 1:15 pm

NetworkNewsBreaks – Resourcing Tomorrow to Connect Miners with Smart Money, Investors with Under-the-Radar Opportunities

Beacon Events, a renowned producer of conferences for leading companies and seasoned investors, will host the upcoming Mines and Money’s Resourcing Tomorrow event at London’s Business Design Center from Nov. 29 to Dec. 1, 2022. As Europe’s largest and most in-depth mining conference dedicated to global sustainability goals, Resources Tomorrow will cover critical themes of how the mining industry can accelerate the broader energy transition and enable a transformation to a green economy. With more than 2,000 key decision makers scheduled to attend, Resourcing Tomorrow offers the foremost networking platform catering to mining leaders, policymakers, investors, innovators, and educators from…

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MondayNov 21, 2022 1:07 pm

NetworkNewsBreaks – Grapefruit USA Inc. (GPFT) Announces Status Update Regarding DLC Acquisition

Grapefruit USA (OTCQB: GPFT), an innovative California-based cannabiotech company, has announced an update regarding its proposed acquisition of Diagnostic Lab Corporation (“DLC”), a diversified food and agriculture safety company. In August, Grapefruit announced that it was finalizing its due diligence on the DLC acquisition and was in the “final stages” of negotiations regarding financing and structuring of the transaction. That announcement stated that the company expected completion “in the next several weeks.” Today’s update notes that the anticipated transaction and financing process is continuing, with all terms and conditions of financing and structure expected within the next 30 days. “We are…

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MondayNov 21, 2022 12:48 pm

NetworkNewsBreaks – Lexaria Bioscience Corp.’s (NASDAQ: LEXX) Focus on Dementia and Diabetes Featured in New Interview

Lexaria Bioscience (NASDAQ: LEXX, LEXXW), a global innovator in drug delivery platforms, was featured in an interview produced by PCG Digital Holdings LLC and published on NewMediaWire. John Docherty, Lexaria’s president and head of research, discussed the company’s efforts to investigate the potential therapeutic utility of its proprietary DehydraTECH(TM)-CBD against dementia and diabetes, two of the world’s largest public health crises. Lexaria recently demonstrated DehydraTECH-CBD’s exceptional safety and tolerability in a human hypertension study, as well as statistically significant lowering of blood pressure over multiple weeks (something that previous studies by others have failed to evidence). Strong connections exist between…

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MondayNov 21, 2022 12:26 pm

NetworkNewsBreaks – Silo Pharma Inc. (NASDAQ: SILO) Advancing Research of SPU-21 in Human Synovial Tissue

Silo Pharma (NASDAQ: SILO), a developmental stage biopharmaceutical company focused on merging traditional therapeutics with psychedelic research, today announced its plans to initiate a pilot study of its novel joint homing peptides targeting rheumatoid arthritis (“RA”), designated as SPU-21, in human synovial tissue surrounding joints and tendons. The three-month study will assess the binding affinity of the peptide in healthy human and RA synovial tissue, with initial data expected during the first quarter of 2023. “SPU-21 was shown to inhibit arthritic progression in a preclinical animal model, so we are proceeding to advance our research into human synovial tissue, where…

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