NetworkNewsBreaks Archive - NetworkNewsWire

WednesdayNov 24, 2021 2:38 pm

NetworkNewsBreaks – Why Laredo Oil Inc. (LRDC) Is ‘One to Watch’

Laredo Oil (OTC: LRDC) is an Austin, Texas-headquartered oil and gas exploration and production (“E&P”) company. Its primary focus is on acquiring, developing and operating undervalued conventional oil and gas properties. Having leased 23,739 mineral acres in the Western Williston Basin of Montana, the company expects to drill the first development well at one of the first of 10 potential locations it has identified before year-end. If that well yields the anticipated results, the company plans to begin drilling additional wells there as soon as practical thereafter. Laredo also continues to take other leases in the area. “The company will…

WednesdayNov 24, 2021 2:23 pm

NetworkNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Makes Expansion of Platinum Vape Brand Top Priority

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) recently announced the completion of an agreement for the transition of the management at Platinum Vape LLC (“PV”), having settled all additional PV acquisition price considerations. “RWB estimates that production of PV vape carts will increase to over 450,000 in November, a projection that has made expansion of the PV brand a top priority. Michigan and California are proving to be the two vital promising markets pushing for this growth, prompting focus on PV and streamlining its operations,” reads a recent article. The management transition saw the addition of Shea Alderete…

WednesdayNov 24, 2021 12:37 pm

NetworkNewsBreaks – Lexaria Bioscience Corp.’s (NASDAQ: LEXX) DehydraTECH(TM) Demonstrates 10-20X Faster Nicotine Delivery in Recent Study

Lexaria Bioscience Corp. (NASDAQ: LEXX) recently conducted a study on canines in collaboration with an independent testing laboratory. The analysis evaluated nicotine benzoate and polacrilex plasma levels in 40 anesthetized male beagle dogs comparing Lexaria’s recently developed, advanced DehydraTECH 2.0 nicotine formulation to concentration-matched controls. The dogs’ blood samples were taken every few minutes over the course of two hours. “The results from the study showed that the generic nicotine benzoate pouch required about 45 minutes to reach its peak delivery rate. In comparison, the DehydraTECH-nicotine benzoate pouch reached peak delivery rates at both eight minutes and again at 30…

WednesdayNov 24, 2021 12:19 pm

NetworkNewsBreaks – Tryp Therapeutics Inc. (CSE: TRYP) (OTCQB: TRYPF) Looking to Change Narrative in Treating Fibromyalgia, Chronic Pain

Tryp Therapeutics (CSE: TRYP) (OTCQB: TRYPF) is looking to transform the existing treatment of fibromyalgia, along with other forms of chronic pain, and relieve the suffering of millions of patients. To achieve this, the company is relying on the guidance of its scientific advisory board (“SAB”) as well as research-based work conducted in partnership with the University of Michigan (“U-M”). “According to Tryp’s internal analysis, over 4 million people suffer from fibromyalgia in the United States. Globally, the condition affects an estimated 3-6% of the population (roughly 232-465 million people). Unfortunately, despite the disease afflicting millions, researchers have not yet…

WednesdayNov 24, 2021 11:53 am

NetworkNewsBreaks – Playgon Games Inc.’s (TSX.V: DEAL) (OTCQB: PLGNF) (FRA:7CR) Innovative Technology Receiving Unparalleled Reception

Playgon Games (TSX.V: DEAL) (OTCQB: PLGNF) (FRA:7CR) is focused on delivering digital games and a top-tier experience for the iGaming market. “PLGNF’s multi-tenant gateway gives online operators the ability to offer innovative iGaming software solutions to their customers,” reads a recent article. “We knew our proprietary technology was innovative, however, the reception we have received from our partners and clients has been unparalleled,” said Darcy Krogh, CEO of Playgon Games. “This is noticeable from the player wagering activity, which increased to 305,000 bets for the half month of October, compared to 132,000 bets for the entire month of September. We…

WednesdayNov 24, 2021 11:48 am

NetworkNewsBreaks – Defense Metals Corp. (TSX.V: DEFN) (OTCQB: DFMTF) (FSE: 35D) Delivers Positive PEA for Wicheeda REE Project

Defense Metals Corp. (TSX.V: DEFN) (OTCQB: DFMTF) (FSE: 35D) today announced the results of its Preliminary Economic Assessment (“PEA”) and updated mineral resource estimate for the development of its British Columbia, Canada-based Wicheeda Rare Earth Element (“REE”) deposit. According to the update, SRK Consulting Inc. (Canada) prepared the PEA, which has an effective date of Nov. 21, 2021. A technical report relating to the PEA will be filed on SEDAR within 45 days of the news release. “We are pleased to have delivered a positive PEA for the Wicheeda REE Project that has the potential to be one of the…

WednesdayNov 24, 2021 10:29 am

NetworkNewsBreaks – LQwD Fintech Corp. (TSX.V: LQWD) (OTC: LQWDF) Attend El Salvador Conference, Adds to Bitcoin Assets

LQwD Fintech (TSX.V: LQWD) (OTC: LQWDF), a Bitcoin Lightning Network-focused company developing institution-grade payment infrastructure and solutions, has returned from participating in the Adopting Bitcoin – A Lightning Summit. Held in El Salvador, the two-day event took place Nov. 16–18. During the event, Bitcoin and Lightning Network experts and enthusiasts gathered together to learn about and explore the future of money and payments particularly related to the Central American republic. In addition to participating in the conference, LQwD has increased its Bitcoin holdings, having purchased 150 Bitcoins to date at an average cost of approximately $48,000 per Bitcoin. The company is working…

WednesdayNov 24, 2021 10:07 am

NetworkNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Secures $34.5M in Underwritten Public Offering

Flora (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, has announced the closing of its underwritten public offering of 11,500,000 units, with each unit consisting of one common share of the company and one-half warrant; each whole unit warrant entitling the holder to purchase one common share. The units sold includes an additional 1,500,000 pursuant to the exercise in full of the overallotment option granted to the underwriters. Flora secured $34,500,000 in gross proceeds, with each of the units sold at a public offering price of $3.00. The unit warrants will be immediately exercisable…

TuesdayNov 23, 2021 1:05 pm

NetworkNewsBreaks – FingerMotion Inc. (FNGR) Reports on Annual Meeting Business Items

FingerMotion (OTCQX: FNGR), a mobile data and services company, held its annual meeting of stockholders on Nov. 22, 2021. During the meeting, several key issues were ratified by company stockholders and implemented by FNGR’s board of directors. Those issues included the election of Hsien Loong Wong, Leong Yew Poh, Michael Chan and Ng Eng Ho to FingerMotion’s board of directors and the appointment of Centurion ZD CPA & Co. as the company's independent registered public accounting firm. In addition, stockholders approved FNGR’s 2021 stock incentive plan and executive compensation. Finally, following the meeting, several company executive officers were reappointed to…

TuesdayNov 23, 2021 12:41 pm

NetworkNewsBreaks – Cadre Holdings Inc. (NYSE: CDRE) Secures $90M in IPO

Cadre Holdings (NYSE: CDRE), a global leader in the manufacturing and distribution of safety and survivability equipment for first responders, has closed its initial public offering of 6,900,000 shares of common stock, including 900,000 shares per the full exercise of the over-allotment option granted to the underwriters. Cadre secured approximately $90 million in gross proceeds, with each of the shares sold at the public offering price of $13.00. On Nov. 4, 2021, the shares began trading under the ticker symbol CDRE on the New York Stock Exchange. The company intends to use the net proceeds to repay outstanding debt and…

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