NetworkNewsBreaks

TuesdayMay 18, 2021 12:35 pm

NetworkNewsBreaks – Net Element (NASDAQ: NETE) Releases Q1 2021 Financial Report, Provides Update on Pending Merger

Net Element (NASDAQ: NETE), a financial technology company in the process of becoming a pure-play electric vehicle (“EV”) manufacturer through a pending definitive agreement with privately held Mullen Automotive Inc., has reported its financial results for the quarter ended March 31, 2021; the report also included an update for shareholders on its previously announced merger with Mullen, a Southern California-based electric vehicle (“EV”) company. The merger is a stock-for-stock reverse merger in which Mullen’s stockholders will receive a majority of the outstanding stock in the post-merger company. Financial numbers for the quarter included net income attributable to common stockholders of approximately…

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TuesdayMay 18, 2021 12:15 pm

NetworkNewsBreaks – Ideanomics (NASDAQ: IDEX) Releases Q1 2021 Financial Report

Ideanomics (NASDAQ: IDEX), a global company focused on driving the adoption of commercial electric vehicles and associated energy consumption, has reported its financial numbers for Q1 2021. Included in the report was revenue of $32.7 million, which represents the fifth consecutive quarter of growth, and gross profit of $10.8 million for the period ended March 21, 2021. The company noted that the first-quarter numbers included first revenues from its two January 2021 acquisitions: WAVE, an inductive-charging business, and Timios, a title and escrow services company. Corporate highlights for the quarter included the company’s acquisition of WAVE and Timios, as well as…

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TuesdayMay 18, 2021 10:38 am

NetworkNewsBreaks – HempFusion Wellness Inc. (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO) Releases First-Quarter 2021 Financial Report

HempFusion Wellness (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO), an industry leader in full-spectrum cannabidiol (“CBD”) hemp-extract wellness products and probiotics, announced its Q1 financial results, for the period ended March 31, 2021. Highlights from the report include consolidated revenue for the company totaling $983,496, an increase of 7.6% over the $913,646 reported in fourth-quarter 2020; DTC sales up 59.3% from Q4 2020, totaling $244,255 as compared to $153,305; B2B net revenue decreased 2.8% to $739,241 from 760,341 in fourth-quarter 2020 with international sales, which totaled $75,994, up from no sales in Q4 2020; and gross profit of $280,205, or 28.5%…

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TuesdayMay 18, 2021 10:29 am

NetworkNewsBreaks – Grapefruit USA Inc.’s (GPFT) New CBD Hourglass E-Commerce Store Now Accepting Crypto Payments

Grapefruit USA (OTCQB: GPFT), a diversified California-based cannabis and hemp company, today announced it has commenced accepting cryptocurrency as payment at its recently launched e-commerce store. Grapefruit’s customers who prefer to use Bitcoin, Ether, Bitcoin Cash, Litecoin, Dogecoin or Monero will now have the option to “convert” their crypto of choice at checkout to make purchases. “Grapefruit’s THC-free hemp-derived CBD Hourglass technology-driven products, just like cryptocurrencies and the blockchain, are the future, and Grapefruit’s acceptance of crypto as payment demonstrates GPFT’s outreach to the explosively growing demographic of crypto early adopters and other ‘younger’ buyers who also seek the holistic…

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TuesdayMay 18, 2021 10:17 am

NetworkNewsBreaks – SRAX (NASDAQ: SRAX) Sees Q1 Revenue Growth, Increases Full-Year Guidance

SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS (”SaaS”) platform, has released its Q1 financial numbers and operational highlights for the period ended March 31, 2021, In addition, based on positive numbers, the company increased its guidance for the year. Noteworthy numbers for first quarter include revenue up 1,450% over last year, reaching $5.4 million; Sequire bookings totaling $10 million for first quarter and already reaching $7.2 million in quarter two; and nine consecutive quarters of growth for Sequire. In addition, the company reported that 200 public companies…

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TuesdayMay 18, 2021 10:06 am

NetworkNewsBreaks – Nextech AR Solutions Corp. (CSE: NTAR) (NEO: NTAR) (OTCQB: NEXCF) (FSE: N29) to Acquire Silicon Valley-Based Threedy.ai Inc.

Nextech (CSE: NTAR) (NEO: NTAR) (OTCQB: NEXCF) (FSE: N29), a leading provider of web-based augmented reality for e-commerce, advertising and virtual events, has announced its entry into a binding letter of intent (“LOI”) dated May 14, 2021, with Threedy.ai Inc. to acquire all outstanding shares of Threedy. Threedy is an artificial intelligence (“AI”) company based in Silicon Valley, California, backed by prominent venture capitalists (“VCs”) and investors. The company has an expansive list of clients, including Walmart, Wayfair, Kohl’s, Pier 1 Imports, and many more, and has been building AI technologies for the 3D model creation of physical products at…

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TuesdayMay 18, 2021 10:00 am

NetworkNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Releases Update on Management Cease Trade Order

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) has announced an update on the status of a management cease trade order (“MCTO”) granted on May 3, 2021; the order was granted on May 3, 2021, by the British Columbia Securities Commission. The announcement noted that on that day, RWB noted it would be delayed in the filing of its financial statements and accompanying management’s discussion and analysis for the FY 2020, for the period ended Dec. 31, 2020; the delay was beyond the period prescribed under applicable Canadian securities laws. The company intends to file the requisite reports and statements…

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TuesdayMay 18, 2021 9:40 am

NetworkNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Hosts Q1 2021 Earnings Call

Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading U.S.-based uranium mining company, at 4:00 p.m. ET on May 17, 2021, hosted a conference call to discuss its earnings results for the first quarter of 2021. Interested parties should visit https://nnw.fm/hOsvL to access a replay of the call. To view the full press release, visit https://nnw.fm/5nNxq About Energy Fuels Inc. Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The company also produces vanadium from certain of its projects, as market conditions warrant, and anticipates commencing commercial production of rare earth element ("REE") carbonate…

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TuesdayMay 18, 2021 9:15 am

NetworkNewsBreaks – Pressure BioSciences Inc. (PBIO) to Host Teleconference to Discuss Q1 2021 Results, Provide Business Update

Pressure BioSciences (OTCQB: PBIO) (“PBI”), a leader in the development and sale of innovative, broadly enabling, pressure-based solutions for the worldwide life sciences and other industries, today announced that it will host a teleconference to discuss its first quarter 2021 financial results and provide a business update. The teleconference is scheduled to begin at 4:30 p.m. Eastern Time on Wednesday, May 19, 2021. Interested parties may join the live teleconference by dialing (877)-407-8033 (North America) or 201-689-8033 (International) and stating verbal passcode: PBI Q1 2021 Financial Call and Business Update. For those unable to participate in the live teleconference, a…

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MondayMay 17, 2021 2:37 pm

NetworkNewsBreaks – AIBC UAE Summit to Showcase Future of Emerging Tech at InterContinental Dubai – Festival City

The AIBC UAE – Dubai Summit, slated to take place at the InterContinental Dubai – Festival City on May 25-26, 2021, has received a permit for the upcoming conference and a strong showing of support from the government of Dubai. In an official letter, the government welcomed the event and spoke of its delight that the AIBC Summit had chosen Dubai as its host city, saying that Dubai was an ideal destination, offering all needed infrastructure, expertise and support, as well as “located within one of the safest countries in the world and with unrivalled connectivity to all corners of the…

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