NetworkNewsBreaks Archive - NetworkNewsWire

FridayMay 24, 2019 3:54 pm

NetworkNewsBreaks – Hemptown USA Raises $17.2 Million to Fund Expansion Plans

Hemptown USA, a privately held company headquartered in Southern Oregon’s Emerald Triangle, announced that it raised $17.2 million (CAD$23.3 million) to fund its planned expansion (http://nnw.fm/j6OGl). A recent article further discussing the company reads, “A big part of Hemptown USA’s strategy includes the farming of novel cannabinoid strains in addition to cannabidiol (“CBD”). Recently, the company acquired and is now in the process of planting $5.5 million of Oregon CBD seeds, including one million rare cannabigerol (“CBG”) seeds. The CBG seed genetics acquired by Hemptown USA are estimated to yield 10–12% CBG biomass. This move positions Hemptown USA to become a…

FridayMay 24, 2019 3:42 pm

NetworkNewsBreaks – Sugarmade Inc. (SGMD) Tapping Power of AI in Real-Time Tracking, Monitoring System

Major supplier to the growing hydroponic cultivation sector Sugarmade (OTCQB: SGMD) is tapping the power of artificial intelligence to develop an innovative hemp cultivation and agricultural monitoring system. A recent article quotes Sugarmade CEO Jimmy Chan stating, “AI-based monitoring systems are especially beneficial within the hemp cultivation industry. As hemp is turning into one of the most valuable crops in the world, cultivators are seeking effective monitoring methodologies that guarantee optimal yields. The Sugarmade AI platform will enable real-time tracking of field conditions, while also providing intelligent recommendations to mitigate existing issues.” To view the full article, visit http://nnw.fm/dKNv3 About…

FridayMay 24, 2019 3:36 pm

NetworkNewsBreaks – City View Green Holdings Inc. (CSE: CVGR) Focuses on Premium Growth, Extraction as Recreational Cannabis Industry Continues to Grow

City View Green Holdings (CSE: CVGR) is on a mission to become a leading purveyor of medicinal and recreational cannabis that provides an exceptional customer experience. In line with this goal, CVGR has secured a master grower and expert extraction team. An article discussing the company reads, “CVGR is working within this quickly growing industry to help curate the cannabis experience for the recreational market consumer and provide guidance for established and new retailers. CVGR sees a strong future in recreational cannabis products and is positioned to produce high-quality edibles, distillates and water-soluble products for the beverage market. Having secured…

FridayMay 24, 2019 3:11 pm

NetworkNewsBreaks – Sproutly Canada Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) and Moosehead Breweries Partner to Produce Nonalcoholic Cannabis-Infused Beverages

Sproutly Canada (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) and Moosehead Breweries Limited, the largest and oldest beer company in Canada, recently announced an exclusive joint venture for the development and production of nonalcoholic, cannabis-infused beverages. An article discussing the joint venture reads, “Through the use of Sproutly’s proprietary technology, the two companies will work to address some of the most common problems standing in front of mass consumer appeal for cannabis-infused beverages. For many companies, it’s still a challenge to develop a product that has a great taste while ensuring an immediate onset and a controllable experience.” To view the…

FridayMay 24, 2019 2:58 pm

NetworkNewsBreaks – ChineseInvestors.com Inc. (CIIX) Subsidiary Becomes First Chinese Company to Sell CBD Products in the US

ChineseInvestors.com (OTCQB: CIIX), through its wholly owned subsidiary ChineseHempOil.com Inc., doing business as Chinese Wellness Center (“CWC”), recently launched a Glendale, California, mall pop-up kiosk, becoming the first Chinese company to sell CBD products in the United States. An article discussing this reads, “The kiosk began selling industrial hemp/CBD products on May 1, 2019. Products being offered include CWC’s own OptHemp product line, as well as NuLeaf Naturals, Joy Organics, Medterra, Hemp Meds and Medix.” To view the full article, visit http://nnw.fm/epGW0 About ChineseInvestors.com Founded in 1999, ChineseInvestors.com endeavors to be an innovative company providing: (a) real-time market commentary, analysis…

FridayMay 24, 2019 2:53 pm

NetworkNewsBreaks – Petroteq Energy Inc.’s (TSX.V: PQE) (OTC: PQEFF) Patented Extraction Technology Viable, Safe for Environment

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) has developed an oil-extraction technology that releases heavy-oil resources hidden in oil sands and oil shale deposits in a way that doesn’t harm the environment. An article discussing the company reads, “Petroteq’s patented closed-loop, clean technology is currently in production at the company’s Asphalt Ridge pilot facility in northeastern Utah and has proven to be commercially viable. Petroteq began delivering oil to its regional market in November 2018 and recently reported consistent production of over 500 barrels per day (“bpd”) (http://nnw.fm/q4pXF). Petroteq’s environmentally safe and sustainable approach for the extraction of heavy oil and bitumen…

FridayMay 24, 2019 1:55 pm

NetworkNewsBreaks – Geyser Brands Inc. (TSX.V: GYSR) and Brandeavour to Develop Compelling Approach to Brand Growth, Development

Consumer healthcare company Geyser Brands (TSX.V: GYSR) recently appointed Brandeavour founder and CEO Anthony Webb to provide overall brand direction and assistance in commercializing new brands for the company and its subsidiaries. A recent article quotes Geyser CEO Andreas Thatcher, where he states, “The Geyser Brands team is thrilled to have Anthony on board and working to support our business and brand growth. Combined with the data-driven, digital-strategy frameworks supported by GetFresh Ventures, we are perfectly positioned to develop a compelling, highly differentiated and consumer-focused approach to brand growth and development.” To view the full article, visit http://nnw.fm/Rmd9l About Geyser…

FridayMay 24, 2019 1:46 pm

NetworkNewsBreaks – Organigram Holdings Inc. (TSX.V: OGI) (NASDAQ: OGI) Begins Trading on the NASDAQ Global Select Market; Invests $15M in Chocolate Edibles Production Line

Organigram Holdings (TSX.V: OGI) (NASDAQ: OGI), the parent company of Organigram Inc., began trading on the NASDAQ Global Select Market on May 21, 2019. In connection to its new listing, the company entered into a master services agreement with Native Ads, Inc. to provide and manage a digital media marketing campaign at a total cost of approximately CAD$270,000. Organigram also entered into an agreement with Hybrid Financial Ltd. for marketing services to advisors, brokers and institutional investors in North America. Per the agreement, Organigram will pay a monthly retainer of approximately CAD$51,000 to Hybrid. Earlier in the week, the company…

FridayMay 24, 2019 11:09 am

NetworkNewsBreaks – Cellectar Biosciences, Inc. (NASDAQ: CLRB) Secures $10M Through RDO Sale, Private Placement

Clinical stage biopharmaceutical company Cellectar Biosciences (NASDAQ: CLRB) has closed a registered direct offering sale of 1,982,000 common shares and concurrent private placement of 2,018,000 common shares with institutional investors. In conjunction with the offerings, the company issued 4,000,000 unregistered warrants to purchase common stock, with fixed combination shares of common stock and warrants sold at $2.50, resulting in gross proceeds of $10 million to the company. The private placement warrants were immediately exercisable, at an exercise price of $2.40, and expire five years after the date of issuance. ROTH Capital Partners acted as sole placement agent for the offerings.…

FridayMay 24, 2019 10:32 am

NetworkNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Announces Grant of RSUs Under Equity Incentive Plan

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) today announced approval by its board of directors for the grant of an aggregate of 595,000 restricted share units ("RSUs") to certain of its employees (“RSU Recipients”) under the company's equity incentive plan. Per the update, each RSU will carry the right to receive one of the company’s common shares upon vesting, with all RSUs vesting in equal parts each year for a period of three years. The RSUs will be granted to RSU Recipients as a compensation for their services to Green Growth Brands and as an incentive to…

Financial news and publishing for public and private companies

Contact us: 212.418.1217

NetworkNewsBreaks