Breaks Categories: News

FridayApr 09, 2021 10:30 am

NetworkNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) Closes Direct Offering, Reports on Financial Status

Uranium Energy (NYSE American: UEC), a U.S.-based uranium mining and exploration company, announced that it has closed on its recent registered direct offering. The previously announced offering included an aggregate of 3,636,364 shares of UEC common stock, sold at a purchase price of $3.30 per share, for potential gross proceeds of $12 million for the company. The offering was sold according to an April 5, 2021, securities purchase agreement made with institutional investors. Following the closing, UEC reported that it currently has more than $110 million in cash, equity and inventory holdings; the announcement noted that with the closing UEC’s physical uranium…

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FridayApr 09, 2021 9:51 am

NetworkNewsBreaks – Mohawk Group Holdings Inc. (NASDAQ: MWK) Closes Debt Refinancing as 1st Step in Optimizing Capital Structure

Mohawk Group Holdings (NASDAQ: MWK) today announced that it has closed the refinancing of all of its previously outstanding debt, including two senior secured notes and its revolver credit facility. The company previously announced its intent to refinance its outstanding debt on March 8, 2021. In accordance with the refinancing, Mohawk issued senior secured promissory notes in an aggregate principal amount of $110.0 million to two affiliated institutional lenders for a cash payment to Mohawk of $57.7 million and the exchange of two senior secured promissory notes with an aggregate principal amount of $52.3 million previously issued to the institutional…

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FridayApr 09, 2021 9:23 am

NetworkNewsBreaks – Mind Cure Health Inc. (CSE: MCUR) (OTCQB: MCURF) (FRA: 6MH) Announces Strategic Equity Investment in Psychedelic Journey Center

Mind Cure Health Inc. (CSE: MCUR) (OTCQB: MCURF) (FRA: 6MH), a leader in advanced proprietary technology for psychedelic therapy, has announced a follow-up strategic equity investment in ATMC Journey Centers Inc. ("ATMA"), the first government-approved psychedelic journey center in Canada. Earlier this year, MCUR had signed a letter of intent, securing 13% ownership in ATMA; this additional investment retains that ownership. In addition, the company named Mind Cure Health president and CEO Kelsey Ramsden to the ATMA board of directors. MINDCURE’s investment into the pioneering psychedelic journey center is meant to facilitate the use of iSTRYM (“iSTRYM”), which is MCUR’s proprietary…

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ThursdayApr 08, 2021 2:35 pm

NetworkNewsBreaks – Ayurcann Holdings Corp. (CSE: AYUR) Begins Trading on CSE Exchange

Ayurcann Holdings (CSE: AYUR), an integrated Canadian extraction company specializing in the processing of cannabis and hemp for the production of oils and various derivative products, has announced that the company will commence trading on the Canadian Securities Exchange (“CSE”) starting today; the company will trade under the symbol AYUR. A market leader within the cannabis extraction business, Ayurcann is focused on meeting the post-harvest needs of licensed cannabis producers and other brands looking to enter the cannabis market. Because it already has a Processing Licence and a Research Licence issued by Health Canada, AYUR can provide end-to-end outsourcing solutions including…

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ThursdayApr 08, 2021 2:12 pm

NetworkNewsBreaks – Phunware Inc. (NASDAQ: PHUN) Secures $26.5M in Underwritten Public Offering

Phunware (NASDAQ: PHUN), a fully integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, has closed an underwritten public offering of 11,761,111 shares of common stock. According to the update, Phunware secured approximately $26.5 million in gross proceeds, with each of the shares sold at the public offering price of $2.25. The company intends to use the proceeds to satisfy obligations to redeem outstanding convertible debt and for working capital and general corporate purposes. Roth Capital Partners (“ROTH”) acted as joint book-running manager for the offering. For more information, visit www.Phunware.com About Phunware…

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ThursdayApr 08, 2021 1:49 pm

NetworkNewsBreaks – Knightscope Inc. to Deploy K5 Solution to Kentucky Fulfillment Center

Knightscope, a developer of advanced physical security technologies utilizing fully autonomous security robots (“ASRs”), has announced a new sale of its K5 patrol solution to a fulfillment center client located in Kentucky. Knightscope describes theft inside distribution centers as a widespread problem, mostly due to the difficulty of prevention and the magnitude of the scale of goods moving through the centers. According to Inbound Logistics, cargo and warehouse-related thefts are estimated in the $80-billion range and are often related to ineffective security safeguards. “Historically, two methods have proven to somewhat discourage employee theft: a clandestine, embedded security professional, and an…

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ThursdayApr 08, 2021 1:24 pm

NetworkNewsBreaks – Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) Closes on Majority Ownership of Plant-Based CBD Skincare Brand

Golden Leaf Holdings (CSE: GLH) (OTCQB: GLDFF), a premier, consumer-driven cannabis company specializing in retail, production, processing, wholesale, and distribution, has closed on the purchase of its majority ownership in Fifth & Root Inc., a California-based, nationally recognized CBD skin-care brand. Fifth & Root noted that it hopes the move will allow the company to provide innovative CBD products nationwide through the largest and best beauty retail partners in the country. The purchase agreement noted that GLDFF will pay total consideration of up to $1,687,500 for 80% ownership of Fifth & Root. The consideration will consist of $250,000 cash payment…

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ThursdayApr 08, 2021 12:55 pm

NetworkNewsBreaks – Palantir Technologies Inc. (NYSE: PLTR) Featured in Simply Wall St Journal

Palantir (NYSE: PLTR), a builder and deployer of operating systems for the modern enterprise, was featured in this week’s Simply Wall St Journal. The publication covers Palantir, describing its robust capabilities and long-term plans that have excited many, as well as its attraction of a fair share of critics. Delving into a topic that isn’t related to the core business but can still have a significant impact on shareholders' returns, the piece covers Palantir’s use of stock-based compensation and large amount of insider selling over the last six months. “The company has gained the spotlight for its industry leading data…

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ThursdayApr 08, 2021 12:30 pm

NetworkNewsBreaks – Asia Broadband Inc. (AABB) Announces Planned Management Changes, Release of New Website

Asia Broadband (OTC: AABB), a resource company focused on the production, supply and sale of precious and base metals primarily to Asian markets, is finalizing the announcement and appointments of new management, planned for later this month. The announcement noted that, as the company moves forward with its strategic plan to develop and expand of mining operations as well as its AABBG gold-backed cryptocurrency and administration initiatives, it is essential to add certain expertise and professional supervision to achieve its goals. The company also announced plans to unveil a new website that will contain comprehensive information about all aspects of…

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ThursdayApr 08, 2021 12:02 pm

NetworkNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Announces Receipt of Medical Marijuana Use Approval

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) has received approval from the Florida Department of Health, Office of Medical Marijuana Use for the company’s previously announced plans to acquire Acreage Florida. In the announcement, the company noted that Florida, a limited-license state with 22 licensed operators, has been reported as one of the most robust medical marijuana markets in the country; cannabis revenue for the state topped $1.2 billion in 2020. With this key approval in place, RWBYF now anticipates focusing on closing the transaction. The company will work to meet the customary closing conditions that are associated…

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