Breaks Categories: News

MondayMay 16, 2022 1:50 pm

NetworkNewsBreaks – Lottery.com (NASDAQ: LTRY) Releases Q1 Financial, Operational Results

Lottery.com (NASDAQ: LTRY), a leading technology company that is transforming how, where and when the lottery is played, is reporting its first quarter 2022 financial results for the period ended March 31, 2022. Highlights of the report include Q1 revenue of $21.2 million, an increase of $15.7 million from the same period the previous year, as well as gross profit totaling $18 million, up $15.5 million from first quarter 2021. The report stated that the company experience Q1 2022 net loss of $15.8 million and adjusted EBITDA of $7.7 million. In addition, the report noted an update on key initiatives…

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MondayMay 16, 2022 1:32 pm

NetworkNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Announces Strategic Appointment of Cannabis Regulatory Veteran

Flora (NASDAQ: FLGC), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, today announced its appointment of regulatory veteran Holly Bell as vice president of regulatory affairs. According to the update, Bell will play a crucial role in Flora’s domestic and global expansion strategy and lead government relations in key international markets. “Holly’s unique knowledge and understanding of the United States’ regulatory framework will position us to make thoughtful, educated and bold decisions regarding strategic distribution, cultivation and sales plans,” said Luis Merchan, president and CEO of Flora Growth. “We look forward to bringing Holly’s expertise…

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FridayMay 13, 2022 1:21 pm

NetworkNewsBreaks – Monterey Capital Acquisition Corporation (NASDAQ: MCACU) Announces $80M Initial Public Offering

Monterey Capital (NASDAQ: MCACU) recently announced the pricing of its initial public offering of 8,000,000 units at $10.00 per unit. The units are listed on the Nasdaq Global Market and commenced trading under the ticker symbol MCACU on May 11, 2022. According to the announcement, each unit consists of one share of Class A common stock, one redeemable warrant and one right to receive one-tenth (1/10) of one share of Class A common stock upon consummation of the company's initial business combination. Each warrant entitles the holder to purchase one share of Class A common stock, each at a price…

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FridayMay 13, 2022 12:15 pm

NetworkNewsBreaks – Riot Blockchain Inc. (NASDAQ: RIOT) Announces Record Q1 2022 Results, Current Operational and Financial Highlights

Riot Blockchain (NASDAQ: RIOT), an industry leader in Bitcoin (“BTC”) mining and hosting, recently reported financial results for the three-month period ended March 31, 2022. “We are extremely proud of the progress that Riot continues to make, having achieved record levels of net income, revenue, hash rate and Bitcoin mined in the first quarter,” said Jason Les, CEO of Riot. “Our vertically integrated business strategy of owning, operating and manufacturing has accelerated our growth while helping insulate us from continuing global supply chain issues. Over the remainder of 2022 and beyond, Riot plans to build upon the solid foundation set…

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FridayMay 13, 2022 12:09 pm

NetworkNewsBreaks – HIVE Blockchain Technologies Ltd. (TSX.V: HIVE) (NASDAQ: HVBTF) (FSE: HBF) Intends to Complete 5-to-1 Share Consolidation

HIVE Blockchain Technologies (TSX.V: HIVE) (NASDAQ: HIVE) (FSE: HBF) has announced a consolidation of its common shares based on five preconsolidation common shares being exchanged for one postconsolidation common share. The company currently has 411,209,923 listed and outstanding common shares; the consolidation would result in an estimated 82,241,984 common shares being issued and outstanding. According to the announcement, HIVE anticipates the shares to start trading on both the TSX Venture Exchange and the Nasdaq market around May 20, 2022. The purpose of the move is to attract a broader range of shareholder, gain increased liquidity and add shareholder value. The…

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FridayMay 13, 2022 12:03 pm

NetworkNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) Announces Q3 Fiscal 2022 Financial Results, Provides Business Update

InMed Pharmaceuticals (NASDAQ: INM) is a leader in the research, development, manufacturing and commercialization of rare cannabinoids. The company today announced financial results for the third quarter ended March 31, 2022. “The third quarter of fiscal 2022 saw noticeable advancements across all of our programs, including commencing sales of the rare cannabinoids CBDV and CBT as raw ingredients for the health and wellness industry,” said Eric A. Adams, InMed president and CEO. “For the remainder of fiscal 2022, we will remain focused on driving our commercial operations by expanding our product portfolio, increasing sales of our existing and new rare…

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FridayMay 13, 2022 11:49 am

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Q2 Preliminary Financial Results

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced preliminary financial results (subject to change) for its period ending March 31, 2022. Among the highlights, the company reported cash and cash equivalents amounting to $65.2 million, as well as total debt of $22.1 million continuing its downward trend. In May 2022, Mullen signed a proposal with Thurner Design for the vehicle development of the Mullen FIVE RS, a high-performance EV sport crossover vehicle featuring close to 1,100 HP, 0-60 mph in just 1.95 seconds, and 200 mph top speed. Further, Mullen FIVE reservations increased substantially and more…

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ThursdayMay 12, 2022 2:57 pm

NetworkNewsBreaks – Industrial Nanotech Inc. (INTK) Continues Ambitious Plan to Invest in Disruptive Tech, Increase Revenue Streams, Recruit Skilled Talent

Industrial Nanotech (OTC: INTK), a global leader in advance nanotechnology-based solutions for energy efficiency and sustainability, is continuing to roll out an ambitious growth plan that includes investing in groundbreaking technologies, increasing revenue streams, as well as building a team of skilled professionals to innovate its business while continuing to deliver value to customers and shareholders. The firm announced that it has expanded its recruitment plans across geographical markets in the U.S., Europe, the U.K., UAE, and Asia. “Industrial Nanotech uses nanotechnology to develop eco-friendly products and solutions that are cost-efficient, save energy, and are safe in the workplace. We…

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ThursdayMay 12, 2022 2:46 pm

NetworkNewsBreaks – Canaan Inc. (NASDAQ: CAN) Announces Plans to Release Q1 2022 Financial Results

Canaan (NASDAQ: CAN), a leading high-performance computing solutions provider, plans to report its financial results for the first quarter 2022, the period ended March 31, 2022; that information will be released on May 19, 2022, before the U.S. market opens. In addition, the company has scheduled a call to discuss the financial report; members of Canaan’s management team will host the call, which is slated to begin at 8 a.m. ET on May 19. Those interested in participating in the Canaan Inc. First Quarter 2022 Earnings Conference Call must register beforehand and will receive dial-in numbers, a Direct Event passcode and…

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ThursdayMay 12, 2022 2:33 pm

NetworkNewsBreaks – FinovateSpring 2022 to Offer Strategic Insight into Future of Financial Industry

FinovateSpring 2022 is set to attract more than 1,100 senior executives from financial institutions around the world on May 18-20 in San Francisco. Finovate’s first in-person, West Coast fintech event since 2019 will feature over 100 speakers and live product demos from 50-plus fintech solutions providers. Well known for drawing audiences of high-level executives and fintech innovators, Finovate conferences deliver expert presenters who offer strategic insight into the future of the financial industry. Sessions and panels will provide curated content in a highly effective format of fast-paced, sharp sessions. FinovateSpring 2022 speakers include Peggy Mangot, operating partner for PayPal Ventures;…

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