Breaks Categories: News

TuesdayMay 31, 2022 2:00 pm

NetworkNewsBreaks – BIT Mining Limited (NYSE: BTCM) Completes First Closing of Bee Computing Acquisition

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, has successfully completed the first closing of its previously announced share exchange agreement dated April 5, 2021, (as amended and restated in April 2022), entered into by the company and the shareholders of Bee Computing (HK) Limited. At the first closing of the agreement, which followed the satisfaction or waiver of certain required closing conditions, the company issued 16,038,930 of its Class A ordinary shares to the selling shareholders. “We are pleased to announce the first closing of our Bee Computing acquisition and are excited about the progress Bee Computing…

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TuesdayMay 31, 2022 1:43 pm

NetworkNewsBreaks – Aesther Healthcare Acquisition Corp. (NASDAQ: AEHA) Enters Strategic Merger Agreement with United Gear & Assembly Inc.

Aesther (NASDAQ: AEHA) is a special purpose acquisition company (“SPAC”) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company recently announced its entry into an agreement and plan of merger (the “merger agreement”) with United Gear & Assembly Inc., a manufacturer of high precision gears for electric vehicles and other rapidly developing industries. Upon closing of the transaction, United Gear will be a wholly-owned subsidiary of Aesther, and Aesther will change its name to EVGT LTD, with its common stock and warrants…

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TuesdayMay 31, 2022 1:29 pm

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Exceptional Test Performance of Solid-State Polymer Battery

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced results of its solid-state polymer battery testing with the Battery Innovation Center (“BIC”) in Indiana. According to the update, BIC’s testing results show the solid-state polymer cell, rated at 300 Ah and 3.7 volts, tested in at 343.28 Ah at 4.2 volts, exceeding expectation and in line with test tolerance from previous EV Grid test results. Test data collected from both BIC and EV Grid demonstrate an impressive outcome and future for solid-state batteries. It is expected that with this technology, when scaled to the vehicle pack level,…

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TuesdayMay 31, 2022 12:54 pm

NetworkNewsBreaks – FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE) (FSE: 0K9A) Files IND Application for Phase-2 Trial of FSD-PEA

FSD Pharma (NASDAQ: HUGE) (CSE: HUGE) (FSE: 0K9A), a life sciences holding company dedicated to building a portfolio of assets and biotech solutions, today announced the submission of an Investigational New Drug (“IND”) application with the U.S. Food and Drug Administration (“FDA”) and Health Canada. The IND application details a planned phase 2 clinical trial of FSD-PEA for the treatment of a yet-to-be-disclosed inflammatory disorder. “Our current submissions of applications to FDA and Health Canada for FSD-201 efficacy trials represent a significant milestone in our drug development efforts,” said Zeeshan Saeed, co-founder and president of FSD Pharma. “With our elite…

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TuesdayMay 31, 2022 12:42 pm

NetworkNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Announces Launch of JustCBD Products on Amazon.co.uk

Flora (NASDAQ: FLGC), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, today announced that its wholly-owned subsidiary JustCBD will be launching its line of Novel Foods-registered CBD products on Amazon.co.uk. Since its entry into the now £700 million CBD market in October 2021, Amazon U.K. has expanded the initial pilot-only program to include vendors who have demonstrated compliance with U.K. CBD Novel Food regulations. Producers awarded U.K. Novel Food authorization must prove the product is safe for consumption and labeled correctly. “With health and wellness playing an increasingly important role in customers’ lives, we are…

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TuesdayMay 31, 2022 11:17 am

NetworkNewsBreaks – Cybin Inc. (NYSE American: CYBN) (NEO: CYBN) Completes Major Step in Advancement of CYB003 for the Treatment of Major Depressive Disorder

Cybin (NYSE American: CYBN) (NEO: CYBN), a biopharmaceutical company focused on progressing “Psychedelics to Therapeutics(TM),” today announced the submission of an Investigational New Drug (“IND”) application to the U.S. Food and Drug Administration (“FDA”). According to the update, the IND is for Cybin’s phase 1/2a first-in-human clinical trial evaluating CYB003, a proprietary deuterated psilocybin analog, for the treatment of major depressive disorder (“MDD”). “Following the successful completion of our IND-enabling work just last month, we are very excited to have reached this major milestone toward advancing CYB003 into clinical development so quickly. Based on preclinical studies, our proprietary psilocybin analog…

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TuesdayMay 31, 2022 11:06 am

NetworkNewsBreaks – Playgon Games Inc. (TSX.V: DEAL) (OTCQB: PLGNF) (FSE: 7CR) Releases Q1 2022 Financial Report

Playgon Games (TSX.V: DEAL) (OTCQB: PLGNF) (FSE: 7CR), a propriety SaaS technology company delivering mobile-first live-dealer technology to online gaming operators globally, is reporting its first quarter 2022 financial numbers; the report is for the quarter ended March 31, 2022. Highlights of the report include company revenues of $140,877, which came from Playgon’s Live Dealer platform. The company noted that it saw increased player betting throughout the quarter, a strong indicator for future revenue growth. In addition, Playgon observed an increase in player win percentage resulting in reduced house margins. The company also reported loss for the quarter of $3,899,555,…

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TuesdayMay 31, 2022 10:52 am

NetworkNewsBreaks – Eat Well Investment Group Inc. (CSE: EWG) (OTC: EWGFF) Shares Update on Filing of Audit, 2021 Financials

Eat Well Group (CSE: EWG) (OTC: EWGFF), a publicly traded investment company, has released an update regarding the anticipated timelines for the filing of its audited annual financial statements for the year ended Nov. 30, 2021, as well as other required documents, including the related management’s discussion and analysis and certificates of its CEO and CFO. The announcement noted that additional delays have taken place, although the company and its auditors continue to work diligently to file the required documents as soon as possible. According to the most recent estimates, the company plans on filing the information by June 10,…

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FridayMay 27, 2022 12:43 pm

NetworkNewsBreaks – BIT Mining Limited (NYSE: BTCM) Announces Unaudited Financial Results for Q1 2022

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, today reported unaudited financial results for the first quarter of 2022. “We are glad to announce our financial results for the first quarter ended March 31, 2022 , as we continue to execute on our strategy to create value within the cryptocurrency ecosystem,” said Xianfeng Yang, CEO of BIT Mining. “Over the past quarter, we focused on our expansion in North America and have made significant progress in the construction of our data centers in Ohio. In the meantime, we continued our Bitcoin and Ethereum mining businesses and the integration…

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FridayMay 27, 2022 12:18 pm

NetworkNewsBreaks – LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Appoints New Director

LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF) today announced the appointment of Peter Loretto as an independent director replacing Dean Sutton, who will remain an advisor to the company. According to the update, the board now consists of Shone Anstey, Ashley Garnot, Pino Perone, Kim Evans and Peter Loretto. Loretto holds an MBA from Gonzaga University in Spokane Washington and has more than 35 years of extensive international investment banking, corporate finance and both venture and senior board listed company experience. To view the full press release, visit https://nnw.fm/stkwA About LQwD FinTech Corp. LQwD is a Lightning Network Service Provider (“LSP”)…

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