Breaks Categories: News

TuesdayAug 16, 2022 2:59 pm

NetworkNewsBreaks – AmeriCann Inc. (ACAN) Reports Record Net Income, Revenue

AmeriCann (OTCQB: ACAN), a cannabis company that develops state-of-the-art cultivation, product manufacturing and distribution facilities, has released its financial and operational results for its fiscal quarter ending June 30, 2022. According to the company, July revenue set an all-time monthly record. Numbers showed a significant increase in year-over-year quarterly net income and revenue, with both being records for the Company for the quarter ending June 2022. Revenue increased over 36% for the quarter ended June 2022 relative to the same quarter 2021, an increase of $213,188. Quarterly gross margins were 98.5%. The company attributed the increased revenue to products produced and…

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TuesdayAug 16, 2022 2:26 pm

NetworkNewsBreaks – BIT Mining Limited (NYSE: BTCM) Announces $9.3M Registered Direct Offering

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, today announced its entry into a securities purchase agreement with certain institutional investors. According to the update, the agreement is for the purchase and sale of 15 ,566,665 of the company's American Depositary Shares (“ADSs”), Series A Warrants to purchase up to an aggregate of 15 ,566,665 ADSs and Series B Warrants to purchase up to an aggregate of 15,566,665 ADSs, at a combined purchase price of US$0.60 per ADS and associated warrants, in a registered direct offering. Each ADS represents ten Class A ordinary shares, par value US$0.00005 per…

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TuesdayAug 16, 2022 2:19 pm

NetworkNewsBreaks – Correlate Infrastructure Partners Inc. (CIPI) Announces Q2, YTD Financial Results

Correlate Infrastructure Partners (OTCQB: CIPI) is a technology-enabled energy optimization and clean energy solutions provider for the North American real estate industry. The company today reported financial results for its second quarter ended June 30, 2022, and year to date ended June 30, 2022. “We continue to grow as a full-service energy optimization service provider, and we are realizing many near-term opportunities for Correlate. By helping commercial customers increase net operating income (‘NOI’) through our clean energy solutions, the benefits of our innovative full-service platform becomes a more integral part of real estate asset management,” said Correlate CEO Todd Michaels.…

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TuesdayAug 16, 2022 2:13 pm

NetworkNewsBreaks – Odyssey Health Inc. (ODYY) Featured on ‘Dr. Finance Live’ Podcast

Odyssey Health (OTC: ODYY), a company focused on developing unique, life-saving medical products, was featured on “Dr. Finance Live,” a podcast series focused on changing the way we think about economics and finance. NFL Hall of Famer Brett Favre and Dr. Jacob VanLandingham, head of drug development for Odyssey Health, joined the recent broadcast, hosted by best-selling author and entrepreneur Dr. Anthony M. Criniti IV (aka “Dr. Finance(R)”). During the interview, Favre discussed how his passion for uncovering a treatment for concussion led him to his current position as a member of Odyssey Health’s sports advisory board. “When I retired…

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TuesdayAug 16, 2022 1:53 pm

NetworkNewsBreaks – EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQB: EVGIF) Featured in Bell2Bell Podcast

EverGen (TSX.V: EVGN) (OTCQB: EVGIF), Canada’s renewable natural gas (“RNG”) infrastructure platform, was featured in the Bell2Bell Podcast, a part of IBN’s (InvestorBrandNetwork) sustained effort to provide specialized content distribution via widespread syndication channels. EverGen’s co-founder and CEO Chase Edgelow joined the latest episode to discuss the company’s recent corporate milestones, beginning with its May acquisition of a 50% interest in Project Radius. “Project Radius is a mark of our expansion across Canada, continuing to build our renewable natural gas (‘RNG’) platform with three large-scale RNG projects that have the capability of producing almost two million gigajoules per year once…

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TuesdayAug 16, 2022 1:35 pm

NetworkNewsBreaks – QSAM Biosciences Inc. (OTCQB: QSAM) Releases Q2 2022 Financial Report, Corporate Update

QSAM Biosciences (OTCQB: QSAM), a company developing next-generation therapeutic radiopharmaceuticals, including Samarium-153-DOTMP, or CycloSam(R), for the treatment of bone cancer and related diseases, has reported on its financial results for Q2, the period ended June 30, 2022; the company also noted that progress has been shown in its phase 1 clinical program designed to evaluate CycloSam, its proprietary radiopharmaceutical drug candidate for the treatment of metastatic bone cancer. Specifically, the report noted that preliminary evaluation of the first patient dosed in the phase 1 trial suggests promising results with second patient dosing and completion of the first cohort of patients…

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TuesdayAug 16, 2022 1:14 pm

NetworkNewsBreaks – Delic Holdings Corp. (CSE: DELC) (OTCQB: DELCF) (FRA: 6X0) Names Key Management Positions

Delic Holdings (CSE: DELC) (OTCQB: DELCF) (FRA: 6X0), a leader in new medicines and treatments for a modern world, have announced advanced appointments for two key executives. According to the company, Delic Holdings cofounder and CEO Matt Stang has been named executive chair while COO Kevin Nicholson has been named CEO and will also join the company’s board of directors; Nicholson will continue to serve in his current role as CEO of Ketamine Wellness Centers (“KWC”). Before founding Delic, Stang owned and operated “High Times,”a leading source of cannabis news. As Delic CEO, Stang led the company in its acquisition of…

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TuesdayAug 16, 2022 12:30 pm

NetworkNewsBreaks – GreenBox POS (NASDAQ: GBOX) Releases Q2 2022 Financial Report, Names New CFO

GreenBox (NASDAQ: GBOX), an emerging and rapidly growing fintech company, is reporting its Q2 2022 financial results for the period ended June 30, 2022; the company also noted key corporate updates. Highlights of the report included news that the company’s $1 billion processing volume is a 40% increase over Q1 processing volume and more than double the same period last year with GBOX revenues for the quarter reaching $7 million, up from $6.4 million from last year at this same time. In addition, the report noted that the company’s recently acquired Sky Financial portfolio showed Q2 processing volume at $769…

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TuesdayAug 16, 2022 11:47 am

NetworkNewsBreaks – Cybin Inc. (NYSE American: CYBN) (NEO: CYBN) Announces Results of Annual Meeting of Shareholders

Cybin (NYSE American: CYBN) (NEO: CYBN), a biopharmaceutical company focused on progressing “Psychedelics to Therapeutics(TM)”, today announced voting results for each of the matters presented at the company’s annual shareholders’ meeting. There were 71 shareholders represented in person or by proxy, holding 47,019,721 common shares, representing 28.3% of Cybin’s total issued and outstanding common shares as at the record date for the meeting held on Aug. 15, 2022. The announcement details voting results for each matter presented, including the appointment of Zeifmans LLP as auditor and election of directors. Each of the nominees listed in Cybin’s July 13 management information…

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TuesdayAug 16, 2022 11:09 am

NetworkNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Releases Financial Results for H1 2022

Flora Growth (NASDAQ: FLGC), a manufacturer and distributor of global cannabis products and brands, is reporting its financial and corporate results for the six months ending June 30, 2022. Highlights of the report include revenue for the company increasing 604% from the same period last year, reaching ~$15 million while gross profit for the company increased to ~$7 million, an increase of 547%. In the report, the company reaffirmed its 2022 revenue guidance of $35 million to $45 million, which represents an increase in projected revenue of between 300% to 400%. “In the first half of 2022, Flora delivered on…

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