NetworkNewsBreaks Archive - NetworkNewsWire

ThursdayMar 21, 2019 12:48 pm

NetworkNewsBreaks – Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) Closes $11.4M Bought Deal Including Partial Exercise of Over-Allotment Option

Lithium-focused exploration company Standard Lithium (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) today indicated that it has closed its previously announced bought deal offering, including partial exercise of the over-allotment option. According to the update, a total of 11,390,500 company units were issued at a price of $1.00 each for gross proceeds of $11,390,500. Each unit consists of one common share and one-half of one common share purchase warrant of the company (each whole common share purchase warrant). Until March 21, 2022, each warrant is exercisable to acquire one common share of the company at an exercise price of $1.30 per…

ThursdayMar 21, 2019 12:20 pm

NetworkNewsBreaks – The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Receives Health Canada Approval for Expansion of 7ACRES Facility

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced that its wholly owned subsidiary, 7ACRES, has obtained Health Canada approval for six additional flowering rooms totaling 60,000 sq. ft. of additional production space at its facility in Kincardine, Ontario. With this expansion, total flowering room space at 7ACRES’ facility is expected to increase to 180,000 sq. ft., with annual production capacity estimates rising from roughly 17,500 kg to 26,250 kg. “Today's announcement is a major milestone which represents a 50% increase in our estimated annual production capacity. With 18 of 25 flowering rooms at 7ACRES…

ThursdayMar 21, 2019 12:11 pm

NetworkNewsBreaks – Global Payout, Inc. (GOHE) and MTrac’s The Key to Cashless® Now Federally Registered U.S. Trademark

Global Payout (OTC: GOHE) along with its wholly-owned subsidiary MTrac Tech Corporation today announced that the U.S. Patent and Trademark Office has federally registered its slogan, The Key to Cashless® under Trademark Registration #5705041. With completion and official registration, the company will incorporate the trademark into its growing book of assets. “This slogan represents our philosophical vision for the financial solutions our team is delivering to an industry in need,” MTrac CEO Vanessa Luna said in the news release. “The cannabis industry has, in my opinion, been federally handcuffed by Schedule 1 classification, and all of the state-licensed cannabis businesses,…

ThursdayMar 21, 2019 12:05 pm

NetworkNewsBreaks – Kontrol Energy Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8) Expands Acquisition Targets Into U.S. Market

Kontrol Energy (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8), a leader in the energy efficiency sector, today announced expansion of its acquisition targets into the U.S. market. Kontrol targets companies that operate in the building automation systems, internet of things (“IoT”) and HVAC technology sectors, and, according to the update, anticipates its first U.S. acquisition in the next six to nine months. “With 6 acquisitions completed and our 7th announced on March 14, 2019, we are now turning our focus to US acquisitions,” Kontrol Energy CEO Paul Ghezzi said in the news release. “Through our wholly owned subsidiaries, Kontrol already has…

ThursdayMar 21, 2019 11:31 am

NetworkNewsBreaks – Marijuana Company of America Inc. (MCOA) Details UK Launch Plans for hempSMART Products

Innovative hemp and cannabis corporation Marijuana Company of America Inc. (OTCQB: MCOA) this morning announced that its wholly owned subsidiary, hempSMART Ltd., will launch its hemp CBD-formulated products in the United Kingdom during a sold-out event in London on March 23, 2019. Per the update, the company has secured a lineup of fantastic speakers for the launch event, with some joining from across the globe by video conference. “We are now ready to start on the global rollout of our hempSMART products. Our software is set to accommodate many countries, our product line has been well developed and we have leaders…

ThursdayMar 21, 2019 11:18 am

NetworkNewsBreaks – Zenergy Brands Inc. (ZNGY) Completes Zero Cost Installations for U.S.-Based Crypto Mining Operation

Next-generation energy utility company Zenergy Brands (OTC: ZNGY) today announced its completion of installation obligations for two Zero Cost Customer Agreements with BitPlus, LTD., a U.S.-based cryptocurrency mining operation. Zenergy announced execution of its first Zero Cost Agreement with BitPlus on July 12, 2018, and the companies entered into two additional Zero Cost Agreements in November of 2018. In today’s update, Zenergy confirmed that two of three contracts are now installed and operational, while it is planning installation of the third facility in the second quarter of this year. Each of the Zero Cost Agreements is responsible for producing a…

ThursdayMar 21, 2019 11:11 am

NetworkNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Starts Australian Observational Trial

VIVO Cannabis (TSX.V: VIVO) (OTCQX: VVCIF) today announced that it will begin an observational study on the use of cannabinoids as therapy for chronic pain. A group of well-known pain specialists will lead the study, taking place in Melbourne, Australia, which expects to provide long-term (24 month) data in order to evaluate the efficacy of medical cannabis in treating pain and further support development of VIVO's portfolio of medical cannabis products. VIVO is funding the effort in the form of a research grant to its partner in the study, Australian Medical Cannabis Service ("AMCS"). “Driven by unmet clinical needs, medical…

ThursdayMar 21, 2019 10:50 am

NetworkNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) Announces Launch of First International Hemp/CBD Auction Platform

Merchant banking firm Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) this morning announced the launch of the Cannabis Mercantile Exchange (“Cannamerx”) International Hemp/CBD Auction Platform. Per the update, Cannamerx today reported that 1.5 tonnes of hemp biomass have been listed for auction on the platform, and its team is rapidly onboarding clients in Canada, the U.S. and Europe. “The hemp revolution has begun in North America. We are excited to help Cannamerx create a global path for many of these companies to trade Hemp/CBD internationally and become cash flow positive at a much quicker pace, decreasing their sales…

ThursdayMar 21, 2019 10:32 am

NetworkNewsBreaks – Sharing Services Inc. (SHRV) Announces Name Change to Sharing Services Global Corporation, Q3 2018 Revenues and Record-Breaking Sales Growth

Diversified holding company Sharing Services (OTCQB: SHRV) on Wednesday announced that it has, effective immediately, formally changed its name to Sharing Services Global Corporation, which better represents its focus on international markets. In addition, today the company announced record quarterly revenues of $25.9 million for the fiscal third quarter ended Jan. 31, 2019, reflecting an approximately $8 million increase compared to second-quarter revenues of $17.9 million. The quarterly performance is record-breaking for SHRV, which has now reported sales revenues of over $64 million since the December 2017 launch of products through its Elepreneur and Elevacity Global subsidiaries. “Over the last…

ThursdayMar 21, 2019 10:15 am

NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Releases Financial Results for Q4 and Full Year 2018

Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) on Wednesday announced financial results for the fourth quarter and full year 2018. Per the update, Foresight ended Q4 of 2018 with $15.7 million in cash and short-term deposits. This amount does not include approximately $6.2 million in gross proceeds raised through a March 19, 2019 public offering. The company reported GAAP net loss of $9.4 million for the fourth quarter 2018, and non-GAAP net loss of $4.1 million for the same period. “Multiple positive developments in 2018 served to validate the strength of our QuadSight(TM) vision system,” Foresight CEO…

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