Breaks Categories: News

TuesdayJul 05, 2022 1:16 pm

NetworkNewsBreaks — Cilicon Announces New Partner Program to Offer Variety of Support for Cannabis Vaporizer Enterprises

Cilicon, a leading, globally trusted, product-solution provider of cannabis vape technology and manufacturing, has launched its Cilicon Partner Program. The program is a flexible, collaborative distributor partnership designed to support cannabis vaporizer enterprises in a variety of ways, including developing and expanding product offerings, upgrading product performance, expediting product delivery cycles and reducing product inventory costs. The program is open to all cannabis enthusiasts interested in the marijuana vaporizer market, and the company has started to accept cannabis vape hardware distributors of different regions, sizes, levels and needs to further expand the supply market for cannabis vaporizers. “The cannabis vape…

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TuesdayJul 05, 2022 12:27 pm

NetworkNewsBreaks – Pressure BioSciences Inc. (PBIO) to Present at 34th Emerging Growth Conference

Pressure BioSciences (OTCQB: PBIO) (“PBI”), a leader in the development and sale of innovative, broadly enabling, pressure-based solutions for the worldwide life sciences and other industries, is presenting in the 34th Emerging Growth Conference. At the event, slated to take place on July 6, 2022, PBI’s president and CEO Richard T. Schumacher will deliver a keynote speech starting at 10:30 a.m. ET. Interested parties should visit https://nnw.fm/pJNrg to register for the event, after which attendees will receive an email containing the link and time to sign into the conference. Questions for presenting companies may be submitted in advance to [email protected]…

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TuesdayJul 05, 2022 12:20 pm

NetworkNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Eliminates $17.5M in Debt, in Best Financial Health in Company History

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has eliminated $17.5 million in company debt, resulting in a reduction of debt from more than $30 million last year to an estimated $11 million currently. The eliminated debt was related to a secured convertible promissory note with DBI Lease Buyback Servicing LLC, an affiliate of Drawbridge Investments LLC. The announcement noted that the company is committed to strengthening its overall financial balance sheet and currently is in the best financial health in its history. “We continue to make great progress on our overall company financial health,” said Mullen Automotive CEO…

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FridayJul 01, 2022 10:38 am

NetworkNewsBreaks – Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F) Announces AGM Results, Shareholder Update

Hillcrest (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F), a clean tech company developing transformative power conversion technologies and control solutions, has announced the results of voting at its annual general meeting (“AGM”) held Wednesday, June 29, 2022. According to the update, shareholders overwhelmingly voted in favour of all items put forward by the board of directors and management. In addition, Hillcrest’s current seven-member board, consisting of David Farrell, Donald J. Currie, Michael Moskowitz, Kylie Dickson, Mike Krzus, Robert Lambert and Thomas G. Milne, have all been re-elected. Upon conclusion of this year’s AGM, Michael Krzus stepped down as executive chair of…

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ThursdayJun 30, 2022 2:11 pm

NetworkNewsBreaks – Cadre Holdings Inc. (NYSE: CDRE) Closes $94M Underwritten Public Offering

Cadre Holdings (NYSE: CDRE), a global leader in the manufacturing and distribution of safety and survivability equipment for first responders, has closed an underwritten public offering of 4,000,000 shares of its common stock, which includes 2,250,000 primary shares of common stock by the company and 1,750,000 secondary shares of common stock by certain selling stockholders. The shares were sold at a public offering price of $23.50 per share. The company has also granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of its common stock. Cadre intends to use the net proceeds to reduce outstanding…

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ThursdayJun 30, 2022 1:55 pm

NetworkNewsBreaks – BIT Mining Limited (NYSE: BTCM) Announces Closing of US$16M Registered Direct Offering, to Improve Efficiency at Ohio Mining Site

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, today announced the closing of its registered direct offering with certain institutional investors. The registered direct offering consisted of the purchase and sale of 16,000,000 of the company's American Depositary Shares (“ADSs”) (or pre-funded warrant to purchase certain ADSs (“ADS Equivalent”) in lieu thereof), Series A Warrants to purchase up to an aggregate of 16,000,000 ADSs and Series B Warrants to purchase up to an aggregate of 16,000,000 ADSs, at a combined purchase price of US$1.00 per ADS (or ADS Equivalent) and associated warrants. Each ADS represents ten Class A…

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ThursdayJun 30, 2022 1:33 pm

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Expects to Report >$61M in Cash, Cash Equivalents After Significantly Strengthening Balance Sheet

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that it expects to report in excess of $61 million in cash and cash equivalents on June 30, 2022, after having significantly strengthened its balance sheet over the quarter-ending June 30, 2022. In the update, Mullen restated previously released highlights, including recent delivery of its first EV van under a pilot program to a telecommunications provider in the southeastern part of the U.S., payoff of a secured convertible promissory note executed on July 23, 2020, with DBI Lease Buyback Servicing LLC, as well as the company’s addition to…

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ThursdayJun 30, 2022 1:19 pm

NetworkNewsBreaks – Sugarmade Inc. (SGMD) Signs LOI Outlining Minority Stake Acquisition of Cannabis Cultivation Property

Sugarmade (OTC: SGMD), an emerging leader in the vertically integrated cannabis sector, has taken steps toward a 40% acquisition of the business and associated property known as RMI Ventures (d/b/a Jerusalem Grade Farm). SGMD signed a letter of intent (“LOI”) agreeing to complete a definitive acquisition agreement that would make Sugarmade a minority owner of RMI Ventures with 40% control of RMI Ventures equity; SGMD anticipates pursuing the acquisition of additional equity in RMI Ventures next year. According to the announcement, Sugarmade intends to leverage the turnkey operation to fulfill its recently announced collaborative cannabis cultivation contract with Cannabis Global…

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ThursdayJun 30, 2022 1:13 pm

NetworkNewsBreaks – Sycamore Entertainment Group Inc. (SEGI) Engages IBN for Corporate Communications Expertise

Sycamore Entertainment Group (OTC: SEGI), a diversified entertainment company, today announced that it has selected the corporate communications expertise of IBN, a multifaceted financial news and publishing company for private and public entities. Through its wholly owned subsidiary SEGI.TV, Sycamore’s streaming experience is built on the pillars of equality, sustainability and community, offering movies and television programming for a diverse audience – all without a subscription fee. As part of the client partner relationship, IBN will leverage its investor based distribution network of 5,000+ key syndication outlets, various newsletters, social media channels, wire services via InvestorWire, blogs and other outreach…

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ThursdayJun 30, 2022 1:09 pm

NetworkNewsBreaks – Pressure BioSciences Inc. (PBIO) Announces Participation in Upcoming Webinar Focused on Revolutionizing Development of Plant-Based Food Products

Pressure BioSciences (OTCQB: PBIO), a leader in the development and sale of innovative, broadly enabling, pressure-based instruments, consumables, and specialty testing services to the worldwide food and beverage, biotherapeutics, and personal wellness industries, will e participating in a June 30 webinar sponsored by FORCE Family Office. Titled “Revolutionizing the Development of Plant-Based Food Products,” the real-time, interactive event will provide information about PBIO’s three pressure-based technology platforms, with an emphasis on the company’s Ultra Shear Technology(TM) (“UST”) platform. The company is inviting investors, analysis and advisors to attend the presentation, which will include a question-and-answer segment. The webinar is scheduled…

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