Breaks Categories: News

MondayFeb 28, 2022 2:27 pm

NetworkNewsBreaks – PlantX Life Inc. (CSE: VEGA) (OTCQB: PLTXF) (Frankfurt: WNT1) Announces Q3 Financial Results, ‘Inspiring’ Revenue Growth

PlantX Life (CSE: VEGA) (OTCQB: PLTXF) (Frankfurt: WNT1) today announced its interim unaudited consolidated financial results for the three and nine months ended Dec. 31, 2021. All amounts are reported in Canadian dollars unless otherwise specified. Among the highlights, the company reported gross revenue of $2,740,419 for the three months ended Dec. 31, 2021, which reflects an increase of $907,935 from the gross revenue generated for the three month period ended Dec. 31, 2020. “To see the growth in revenue since we started PlantX is inspiring. While we are strategically targeting long term expansion, PlantX's results show that the hard…

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MondayFeb 28, 2022 1:48 pm

NetworkNewsBreaks – Nemaura Medical Inc. (NASDAQ: NMRD) Recognized as Innovator of the Year, Awarded Top Honors for Innovation in MedTech, Life Sciences

Nemaura Medical (NASDAQ: NMRD), a medical technology company focused on developing and commercializing noninvasive wearable diagnostic devices and supporting personalized lifestyle coaching programs, today announced its receipt of the top award as Innovator of the Year at the LeicestershireLive Innovation Awards 2022 held on Feb. 24, 2022. In addition, the company was awarded top honors for Innovation in MedTech and Life Sciences. “We are gratified and honored to be chosen for these top awards by our community peers. The Leicestershire regions has truly inspirational people and teams at the technology forefront across numerous industries,” said Dr. Faz Chowdhury, CEO of…

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MondayFeb 28, 2022 1:41 pm

NetworkNewsBreaks – Sharing Services Global Corporation (SHRG) Poised for Opportunity in Multibillion Industry

Sharing Services Global Corporation (OTCQB: SHRG), formerly Sharing Services Inc., was featured as a promising opportunity in the direct selling space in a letter to shareholders issued today by DSS Inc. (NYSE American: DSS). “One of our more exciting developments of the past year was in our direct selling segment, a $170 billion industry with high margins and net profits exploding with the shift to in-home shopping (catalyzed by the ongoing COVID-19 pandemic) and the evolution of the gig economy,” the letter issued by DSS CEO Frank D. Heuszel reads. In it, he further expands on the company’s December 2021…

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MondayFeb 28, 2022 1:25 pm

NetworkNewsBreaks – SPYR Inc. (SPYR) Updates Branding, Logo to Reflect Strategic New Direction

SPYR (OTCQB: SPYR), dba SPYR Technologies, a technology company whose subsidiary, Applied Magix Inc., develops and resells Apple(R) ecosystem compatible products in the growing multibillion-dollar IoT smart home and connected car markets, will be updating its logo and other branding. The changes are designed to reflect the company’s strategic new direction and fresh, collaborative dynamic between SPYR and Applied Magix and will be rolled out in corporate communications and on the company website. “We felt it was the right time and that a visual update was necessary to reflect not just our new direction and new management, but an entirely new…

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MondayFeb 28, 2022 1:15 pm

NetworkNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Strengthens Foothold in US Wellness Market with Acquisition of JustCBD

Flora (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, today announced that it has acquired 100% of the equity interests in each of Just Brands LLC and High Roller Private Label LLC for cash consideration of US$16.0 million and 9.5 million privately issued Flora common shares, subject to certain potential future adjustments. According to the update, Just Brands and High Roller are the owners of the JustCBD brand and associated operations (collectively “JustCBD”). “We are thrilled to announce this news today and welcome the JustCBD team to Flora. To build such a recognizable brand…

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MondayFeb 28, 2022 11:53 am

NetworkNewsBreaks – Cepton Inc. (NASDAQ: CPTN) Secures $25M in Growth Capital, Announces Upcoming Investor Conference Schedule

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high performance MMT(R) lidar solutions, has secured a $25 million facility from Trinity Capital Inc. (NASDAQ: TRIN), a leading specialty lending company that provides debt, including loans and equipment financing, to growth-stage companies backed by technology banks, venture capital and private equity firms. The transaction was completed prior to the closing of the merger between Cepton Technologies and Growth Capital Acquisition Corp, now renamed to Cepton Inc. According to the update, $10 million was drawn under the facility, and, subject to conditions under the agreement, Cepton has the option to…

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MondayFeb 28, 2022 10:12 am

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Impressive Testing Results for Next-Gen Battery Technology

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, provided an update on its next-generation solid-state polymer battery technology, which is a significant advancement over today’s current lithium-ion batteries. According to the update, Mullen’s testing of solid-state polymer cells reveals the potential for a 150-kilowatt-hour battery pack that delivers over 600-plus miles of range and highlights an 18-minute DC fast charge, which can yield over 300 miles of range. The company is working towards utilizing solid-state polymer battery packs in its second generation Mullen FIVE EV Crossovers, with in-vehicle prototype testing set for 2025. “We’ve conducted successful testing and…

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FridayFeb 25, 2022 12:08 pm

NetworkNewsBreaks – FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A) Enters Agreement for Sale of Cobourg Facility for CAD$16.5M

FSD Pharma (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A) is a life sciences holding company dedicated to building a portfolio of assets and biotech solutions. The company has announced its entry into a firm agreement in connection with the sale of its former Cobourg, Ontario-based cannabis processing facility and the 64.43-acre property on which the facility is located (the “transaction”). In consideration of the purchase of the facility, the purchaser has agreed to pay a cash sum of CAD$16,500,000, including a deposit of CAD$660,000 (the “deposit”). FSD Pharma received the deposit on Feb. 24, 2022, and the transaction, which is subject…

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FridayFeb 25, 2022 11:00 am

NetworkNewsBreaks – Knightscope Inc. (NASDAQ: KSCP) to Send ASR Duo to Denver

Knightscope (NASDAQ: KSCP), a developer of advanced physical security technologies focused on enhancing U.S. security operations, has signed a contract with a Denver-based company for two K5 Autonomous Security Robots (“ASRs”). A community-focused real estate and infrastructure owner, operator, lender and developer with approximately 1,000 employees, the company has nine corporate offices and more than $29 billion in assets. KSCP indicated the ASRs will be deployed in Denver’s premier mixed-use neighborhood, which offers dining, bars and clubs. The two ASRs will patrol two multi-level parking structures that are located near Coors Field to deter criminal trespassing, loitering and vandalism. Currently…

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FridayFeb 25, 2022 10:30 am

NetworkNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Appoints Jessie Casner as CMO to Guide Multinational Marketing Campaign Objectives

Flora (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, continues to strengthen its executive bench with the appointment of Jessie Casner as the company’s chief marketing officer. Casner joins Flora from the recently acquired Vessel brand, where she served as vice president of sales and marketing. Casner’s experience in brand marketing will assist in driving the rapid growth of Flora’s core CPG brands, including Vessel, Tonino Lamborghini, Mind Naturals, Stardog, and others. “I’m excited to welcome Jessie Casner as our chief marketing officer,” said Luis Merchan, CEO of Flora Growth. “This appointment is another…

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