Breaks Categories: News

ThursdayAug 18, 2022 12:45 pm

NetworkNewsBreaks – FinovateFall to Showcase Marquee Names, Keynotes from Industry Innovators

Informa Connect’s FinovateFall 2022 is expected to draw more than 1,500 senior executives from leading fintech and global financial institutions. Slated to take place from Sept. 12-14, 2022, at The Marriott Marquis Times Square, New York, the three-day conference will feature more than 100 speaker sessions, industry veterans, and 60-plus innovative live product demos. Speakers at FinovateFall 2022 include marquee names such as James Robert Lay, founder and CEO of Digital Growth Institute, Peggy Mangot, MD, fintech partnerships, commercial banking at JPMorgan, Alexa von Tobel, co-founder and managing partner at Inspired Capital, Peter Grant, president and COO of OakNorth, Maria Gotsch, president…

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ThursdayAug 18, 2022 12:13 pm

NetworkNewsBreaks – Canaan Inc. (NASDAQ: CAN) Announces Unaudited Q2 2022 Financial Results

Canaan (NASDAQ: CAN), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months ended June 30, 2022. “We went through a challenging second quarter as the Bitcoin price continued to tumble down to under US$20 thousand. The COVID-19 containment lockdown in key cities in China also brought severe disruptions to our daily operations and demand for our AI chips,” said Nangeng Zhang, chairman and CEO of Canaan. “Facing these obstacles, we strived to deliver for our clients and achieved total computing power sold of 5.5 million Thash/s, up 27.5% sequentially. In order to support…

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ThursdayAug 18, 2022 12:08 pm

NetworkNewsBreaks – Pressure BioSciences Inc. (PBIO) Enters Strategic Agreement with Canopy CBD Farms

Pressure BioSciences (OTCQB: PBIO) (“PBI”) is a leader in the development and sale of broadly enabling, pressure-based instruments, consumables and specialty testing services to the worldwide nutraceuticals, biotechnology, cosmetics, and food and beverage industries. The company today announced the execution of a manufacturing, sales and distribution agreement with Canopy CBD Farms LLC (“CCF”), a Massachusetts licensed processor/manufacturer/distributor of hemp-derived CBD products and processing equipment. With a strong focus in the Massachusetts/New England hemp-derived CBD market and with hundreds of nationwide industry connections, CCF has assembled an aggressive distribution plan that anticipates nano-CBD product sales of nearly $6 million over the…

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ThursdayAug 18, 2022 11:10 am

NetworkNewsBreaks – Odyssey Health Inc. (ODYY) Achieves Positive Safety Outcomes for Concussion Drug in Multiple Ascending Dosing Trial

Odyssey Health (OTC: ODYY), formerly Odyssey Group International and a company focused on developing unique, life-saving medical products including a novel compound for the treatment of concussion, has completed safety measures for its phase I multiday ascending dosing (“MAD”) clinical trial. According to the announcement, the trial is designed to study PRV-002, the company’s proprietary drug to treat concussion; this phase involves healthy human subjects. The company noted that the MAD cohort I, which was conducted at Nucleus Network, a leading clinical research organization, indicated the drug was safe and well tolerated. That phase involved eight healthy human volunteers who…

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ThursdayAug 18, 2022 10:25 am

NetworkNewsBreaks – Laredo Oil Inc.’s (LRDC) Subsidiary Secures Permits to Drill

Laredo Oil (OTC: LRDC), an oil exploration and production company, today announced that its wholly owned subsidiary, Lustre Oil Company LLC, was granted two drilling permits. The permits are for its second and third wells in the Lustre Oil Field, which is located in the Western Williston Basin of Montana. “We are currently working with Dawson James, our investment banker, on obtaining the financing we need to develop these two new wells,” said Mark See, Laredo Oil’s chairman and CEO. To view the full press release, visit https://nnw.fm/s359a About Laredo Oil Inc. Laredo Oil is an oil exploration and production…

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ThursdayAug 18, 2022 10:04 am

NetworkNewsBreaks – Cub Crafters Inc. Featured in General Aviation News Article

Cub Crafters (typically styled CubCrafters), the leading designer and manufacturer of light-sport, experimental and Part 23 certified backcountry aircraft, was featured in an article published by General Aviation News. The piece, titled “An interesting public offering” and written by Ben Sclair, reads, “In case you missed the announcement, CubCrafters is offering shares of the company to the public. The ultimate goal is to raise $50 million. Those funds will be used to increase production to reduce the company’s order backlog, increase the pace of innovation, expand manufacturing infrastructure, add regional service centers, and accelerate international opportunities, according to CubCrafters officials. All words…

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WednesdayAug 17, 2022 2:03 pm

NetworkNewsBreaks – Reborn Coffee Inc. (NASDAQ: REBN) Announces $7.2M Public Offering Closing

Reborn Coffee (NASDAQ: REBN), a California-based retailer of specialty coffee, has closed on its previously announced upsized initial public offering; the offering was comprised of 1,440,000 shares of REBN common stock at $5per share. According to the announcement, the offering resulted in aggregate gross proceeds of approximately $7.2 million before underwriting discounts, commissions and other offering expenses are deducted. The announcement also stated that Reborn has granted the underwriters a 45-day option to purchase up to 216,000 additional shares of common stock; those shares will be available at the public offering price minus the underwriting discounts and commissions to cover…

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WednesdayAug 17, 2022 1:02 pm

NetworkNewsBreaks – Cilicon, Vape-Jet Collaborate to Deliver Intelligent, Integrated Vaporizer Solution

Cilicon, a global provider of cannabis vape hardware, together with Vape-Jet, a U.S.-based infrastructure platform for cannabis oil-filling, today announced the forming of an official partnership to provide an intelligent, one-stop product solution for global cannabis brands. With a mutual understanding of the value of technology for business growth in today’s digital economy, Cilicon and Vape-Jet have launched services for cannabis vaping tech development, hardware manufacturing and filling machines for all brands in the cannabis vaporization industry. The partnership aims to reduce the time and financial budget for industry practitioners focused on cannabis vaporization with smart technology and integrated services.…

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WednesdayAug 17, 2022 12:30 pm

NetworkNewsBreaks – Roth Capital Partners LLC Expands Platform to Add Expertise, Trading Services of MKM Partners LLC

Roth Capital Partners (“ROTH”) today announced that it has reached a definitive agreement to acquire 100% of MKM Partners LLC, a Stamford, Connecticut-based, institutional equity trading, sales and research firm. According to the update, the combined organization will employ over 235 individuals, with approximately 60 investment bankers, 45 research analysts, more than 75 distribution professionals specializing in the markets, 550+ stocks under coverage, 14 offices across North America, one of the largest trading floors in the U.S., and capabilities in all major equity business lines. “We are excited to welcome MKM’s employees, platform and culture into the ROTH family,” said…

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WednesdayAug 17, 2022 12:15 pm

NetworkNewsBreaks – Stronghold Digital Mining Inc. (NASDAQ: SDIG) Announces Q2 2022 Results, Operational Update, Significant Debt Restructuring Events

Stronghold (NASDAQ: SDIG) has reported financial results for its second quarter ended June 30, 2022, provided an operational update and announced significant debt restructuring events. “Today we are announcing a series of transactions that we believe transform Stronghold into a materially less-levered, vertically integrated Bitcoin miner with significantly improved liquidity and flexibility to deploy capital opportunistically in a way that creates equity value through cycles in the Bitcoin and power markets,” said Greg Beard, co-chairman and chief executive officer of Stronghold. “By returning miners to NYDIG that served as the collateral for the non-recourse financing agreements and restructuring the WhiteHawk…

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