Breaks Categories: News

TuesdayFeb 16, 2021 10:35 am

NetworkNewsBreaks – HempFusion Wellness Inc. (TSX: CBD.U) Strengths, Milestones Featured as CBD Industry Projected to See Impressive Growth

HempFusion Wellness (TSX: CBD.U), along with its five-channel strategy, impressive line of products and historic first day of trading after completing its $17 million IPO, were the focus of a recent article. The article outlined the power of the company, noting that it was the first U.S.-based CBD company approved for listing directly on the TSX. The article recounted the company’s strength as a leader in the health and wellness CBD industry and called out its diverse portfolio of brands, including HempFusion CBD, Probulin Probiotics, Biome Research and HF Labs; the article also noted that the company offers four dozen…

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TuesdayFeb 16, 2021 9:55 am

NetworkNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Issues Operational Update

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) today announced that the impact of the ongoing polar vortex in the American southwest is likely to increase operational costs during the first quarter of 2021. According to the update, the company's current energy contract is backed by natural gas. Weather conditions in the southwest United States have impacted natural gas production and transport, leading to record high prices since Friday, Feb. 12, with unit costs increasing from US$3.00 to over US$300 per mmBtu. The temporary increase in prices is expected to be short term and impacts energy costs at the…

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TuesdayFeb 16, 2021 9:26 am

NetworkNewsBreaks – TAAT(TM) Lifestyle & Wellness Ltd. (CSE: TAAT) (OTCQB: TOBAF) (FRANKFURT: 2TP2) Announces Availability of Flagship Product Through Online Website

TAAT(TM) Lifestyle & Wellness (CSE: TAAT) (OTCQB: TOBAF) (FRANKFURT: 2TP2) has announced that, effective Wednesday, Feb. 18, at 9 a.m. ET, its ecommerce portal will be live and operational, with smokers in the United States aged 21 years of age and older being able to purchase the company’s flagship product — TAAT(TM) Original, Smooth and Menthol — by the carton in certain areas. The product is currently available for retail sale throughout the state of Ohio. In the announcement, the company noted that it believed that selling its product online would accelerate its entry into new markets across the country. The…

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FridayFeb 12, 2021 1:23 pm

NetworkNewsBreaks – Sugarmade Inc. (SGMD) Secures 70% Stake in Nug Avenue, Enters Burgeoning Los Angeles Cannabis Delivery Market

Sugarmade (OTCQB: SGMD), an innovator in the dynamic California cannabis scene, today announced that it is launching a new business initiative for the licensed delivery of cannabis products to consumers in the Los Angeles metropolitan area. Through a definitive agreement that closed on Feb. 8, 2021, the company has acquired a 70% stake in the Lynwood, California, operations of Nug Avenue, a California corporation. “We strongly believe the LA delivery market is the prime spot for expansion of our business,” said Sugarmade CEO Jimmy Chan. “California is the world’s sixth-largest economy, and LA County is by far the most significant…

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FridayFeb 12, 2021 12:57 pm

NetworkNewsBreaks – KemPharm Inc. (NASDAQ: KMPH) Secures $52.4M in Follow-on and $44M in Warrant Exchange Transaction

KemPharm (NASDAQ: KMPH), a specialty pharmaceutical company focused on the discovery and development of proprietary prodrugs, has closed an underwritten public offering of 8,066,342 shares of its common stock (or pre-funded warrants to purchase common stock in lieu thereof) and accompanying warrants to purchase up to 8,066,342 shares of common stock. According to the update, this includes 374,035 additional shares of common stock and warrants pursuant to the partial exercise of the over-allotment option granted to the underwriters. KemPharm secured approximately $52.4 million in gross proceeds, with the shares of common stock (or pre-funded warrant in lieu thereof) sold together…

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FridayFeb 12, 2021 12:45 pm

NetworkNewsBreaks – GT Biopharma Inc. (GTBP) Announces Public Offering Pricing, Uplists to Nasdaq Capital Market

GT Biopharma (OTCQB: GTBP), an immuno-oncology company focused on innovative therapies based on the company's proprietary TriKE(TM) technology platform, has released the pricing of its recent underwritten public offering of 4,300,000 units. The offering will be priced at $5.50 per unit or prefunded unit, with a unit consisting of one share of the company’s common stock and one warrant to purchase one share of its common stock. The company anticipates gross proceeds from the public offering to reach an estimated $23.6 million customer deductions. In the announcement, the company noted that it has also granted a 45-day over-allotment options to…

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FridayFeb 12, 2021 12:10 pm

NetworkNewsBreaks – Bumble Inc. (NASDAQ: BMBL) IPO Finds Wall Street Match

Bumble, the dating app where women make the first move to swipe left or right, was featured in a Fox Business article discussing the company finding a match on Wall Street with its IPO. The article, published Feb. 8, 2021, reads, “Shares opened at $76 per share and change, after pricing at $43, the high end of the $37-$39 range. The Austin-based company's shares trade under the symbol ‘BMBL’ on the NASDAQ. Shares are rising in a down market as well. Bumble's valuation is nearing $80 billion based on early trading. Investors snapped up the dating app, raising $2.2 billion,…

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FridayFeb 12, 2021 12:00 pm

NetworkNewsBreaks — MustGrow Biologics Corp. (CSE: MGRO) (OTCQB: MGROF) (FRA: 0C0) Qualifies to Trade on OTCQX Best Market

MustGrow Biologics Corp. (CSE: MGRO) (OTCQB: MGROF) (FRA: 0C0), an agriculture biotech company focused on providing natural science-based biological solutions for high-value crops, has announced it has qualified to trade on the OTCQX(R) Best Market; the company’s symbol was also upgraded to OTCQX from the OTCQB(R) Venture Market. Effective Friday, Feb. 12, 2021, the company will begin trading using its MGROF symbol. The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Moving from the OTCQB…

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FridayFeb 12, 2021 11:47 am

NetworkNewsBreaks – LexaGene Holdings Inc. (TSXV: LXG) (OTCQB: LXXGF) Announces Change in Management, New Board Appointment

LexaGene Holdings (TSXV: LXG) (OTCQB: LXXGF), a molecular diagnostics company that develops fully automated rapid pathogen detection systems, today announced that Daryl Rebeck will resign from the board and his position as the president of LexaGene effective Feb. 15, 2021. Stephen J. Mastrocola has joined the company’s board of directors and brings almost 40 years of accounting and auditing experience working with public and private companies. “I’m immensely grateful to Daryl for being my partner and helping me found this company four years ago. I would like to thank him for all his hard work and leadership and wish him…

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FridayFeb 12, 2021 11:23 am

NetworkNewsBreaks – Living Greens Farm Expands Midwest Distribution through UNFI, Other Independent Retailers

Living Greens Farm (“LGF”), the largest vertical, indoor aeroponic farm in the country, has added new retail distribution of its products in the upper Midwest. The company, which provides fresh salads, salad kits, microgreens and herbs year-round is distributing its product through independent, specialty and co-op retailers, including UNFI Produce Prescott (formerly Alberts Fresh Produce). The company’s line includes ready-to-eat bagged salad products, such as Caesar Salad Kit, Southwest Salad Kit, Harvest Salad Kit, Chopped Romaine and Chopped Butter Lettuce. The announcement noted that UNFI Produce Prescott is a division of UNFI, a nationwide food product distributor that carries food to…

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