Breaks Categories: Stock Spotlights

TuesdayApr 27, 2021 1:28 pm

NetworkNewsBreaks – Mohawk Group Holdings Inc. (NASDAQ: MWK) Forecasts 88%-105% Revenue Growth in 2021

Mohawk Group (NASDAQ: MWK) had an impressive FY2020 as it reported its revenue increased by 62.3% or $71.3 million year-over-year to $185.7 million. This performance was influenced by the improved profitability and increase in sales and revenue in the fourth quarter. “This 62.3% revenue increase marked a consistent trend year-on-year for the two most recent reporting periods, given that it reported a growth in revenue of 56.2% in 2019 compared to 2018,” reads a recent article on the matter. The article further notes that this upward trajectory is expected to continue based on Mohawk’s earnings guidance, which projects between 88-105%…

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MondayApr 26, 2021 3:19 pm

NetworkNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) Eyes Several Expansion Initiatives

Pac Roots (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM), an innovative genetics-based cannabis company located in Canada, has earmarked funds it raised through a completed private placement for several expansion initiatives. The proceeds from the sale totaled $1.34 million and will go towards financing the “installment payments and development activities on its Fraser Valley property, final commissioning of the Lake Country project, brand development and U.S. business development with Lords of Grasstown and for general working capital,” reports a recent article. Fraser Valley is known for its lush and pristine farming conditions: “Only 2.4% of the total land farmed in B.C.…

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MondayApr 26, 2021 1:50 pm

NetworkNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) to Utilize ISR to Supply Global Utilities, US Needs

Uranium Energy (NYSE American: UEC) aims to change the current state of affairs in the United States as the country is struggling to maintain its uranium industrial base. “The United States is now nearly completely dependent on foreign uranium imports. Meanwhile, the nation’s domestic enrichment capacity is close to non-existent,” reads an article highlighting Scott Melbye’s testimony at the Senate Committee hearing. Melbye, UEC’s executive vice president, elaborated that the United States possesses over one billion pounds of uranium in known and likely deposits and that his company is keen on turning the tide. “Uranium Energy Corp has worked towards…

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MondayApr 26, 2021 12:46 pm

NetworkNewsBreaks – United Medical Equipment Business Solutions Network Inc. Offers Unique Mobile Solution

United Medical Equipment (“UME,” “UMEBSNI”) has committed to help speed economic recovery by supplying rapid COVID-19 test kits. In addition, the company has even gone a step further by offering “a unique mobile solution that involves on-call onsite COVID-19 Rapid Testing Mobile units,” reads a recent article. This offering is regarded as essential during the pandemic. “These units involve mobile testing specialists and experienced medical staff members who provide onsite COVID-19 rapid testing. Capable of nationwide deployment for extended periods, they are especially beneficial for securing employee safety.” To view the full article, visit https://nnw.fm/4Ucyq About United Medical Equipment Business…

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MondayApr 26, 2021 12:05 pm

NetworkNewsBreaks – Imagin Medical Inc. (CSE: IME) (OTCQB: IMEXF) Advancing i/Blue(TM) Imaging Solution

Imagin Medical (CSE: IME) (OTCQB: IMEXF), a surgical imaging company, is advancing its proprietary and patented i/Blue(TM) Imaging System. Imagin’s goal is to reduce the cost of treatment for patients with bladder cancer while also improving their chances of survival. Its solution “advances the blue light procedure by allowing surgeons to see the bladder wall under both white and blue light simultaneously in side-by-side presentation, whereas existing systems require surgeons to toggle back and forth between white and blue during the course of the procedure.” According to an article detailing this matter, the existing systems have proven disadvantageous because they…

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MondayApr 26, 2021 11:00 am

NetworkNewsBreaks – Grapefruit USA Inc. (GPFT) Releases FY 2020 Financial Report

Grapefruit USA (OTCQB: GPFT), a premiere, fully licensed California-based cannabis company, has reported its financial numbers for fiscal year 2020. A highlight of the report is the company’s 714% year-over-year revenue growth. GPFT reported net revenues of $3,672,353 for the year ended Dec. 31, 2020, an increase of $3,221,157 over revenues of $451,196 for the year ended Dec. 31, 2019, an impressive increase considering the global pandemic. The company also announced that it has focused on renegotiating key terms of approximately $4.2 million convertible notes issued to its institutional investor. As a result of these modifications, the company has eliminated an…

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FridayApr 23, 2021 3:11 pm

NetworkNewsBreaks – Grapefruit USA Inc.’s (GPFT) Hourglass(TM) Is a Game Changer

Grapefruit USA (OTCQB: GPFT), a fully licensed manufacturer and distributor in the legal cannabis marketplace, has created a revolutionary product: The Hourglass(TM) THC+ Cannabinoid delivery cream. The cream solves two problems, the first being that cannabis lovers no longer need to ingest cannabinoids to enjoy them. “For the first time, cannabis enthusiasts can enjoy a full, discrete, convenient cannabis experience without rolling, smoking or vaping,” reads a recent article. Secondly, “Grapefruit’s disruptive cream solves the previous problem of THC and other cannabinoids not being easily absorbable through the skin. Using Grapefruit’s proprietary delivery system, Hourglass topical cream creates a Patchless…

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FridayApr 23, 2021 1:56 pm

NetworkNewsBreaks – Splash Beverage Group Inc.’s (SBEV) TapouT Joins Blue-Chip Portfolio in Southeast US Expansion

Splash Beverage Group (OTCQB: SBEV), a portfolio company of successful beverage brands, is expanding the reach of its TapouT performance products, a complete line of high-performance sports drinks that contain a proprietary blend of essential vitamins, minerals and electrolytes. Recently the company finalized agreements with Gulf Distributing to expand the TapouT line into Alabama and Florida. “We have a 20-year relationship with Gulf Distribution and we are extremely excited to be working with their team again,” said Splash Beverage CEO Robert Nistico in a recent update. “Our brand TapouT joins their blue-chip portfolio of Coors, Heineken, Corona, Red Bull, Essentia…

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FridayApr 23, 2021 12:58 pm

NetworkNewsBreaks – Friendable Inc.’s (FDBL) Fan Pass Sets the Stage for Virtual Events

Friendable (OTC: FDBL), a mobile technology and marketing company, is continuing to engage users and provide a way for artists to connect with their fans. The company’s flagship platform, Fan Pass, paves the way for virtual venues at a time when social distancing remains the norm. “While restrictions remain in place, artists and fans have turned towards livestreaming alternatives such as Friendable’s Fan Pass platform,” reads a recent article. “Since its launch in July 2020 at the height of the pandemic, Fan Pass has seen remarkable growth as a virtual venue that allows artists and fans to interact safely and…

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FridayApr 23, 2021 12:12 pm

NetworkNewsBreaks – Why Sonoma Biologics Corp. Is ‘One to Watch’

Sonoma Biologics is an ultra-premium cannabis cultivator whose goal is to become one of the largest organic-equivalent, environmentally friendly cannabis suppliers in northern California. To this end, the company has adopted several measures, including the use of solar power and sticking to organic cultivation methods. “Since entering the cannabis industry, Sonoma Biologics products have passed stringent California quality control laboratory testing each year,” reads a recent article. “The company exclusively adheres to organic cultivation methods, reinforcing its commitment to yielding the highest quality cannabis.” Sonoma operates in a region with favorable climate, a factor that has proved beneficial. “As the…

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