NetworkNewsBreaks Archive - Page 1129 of 2088

TuesdayMar 09, 2021 2:05 pm

NetworkNewsBreaks – Sharing Services Global Corporation (SHRG) Well Equipped to Succeed in Fast-Changing Market

Sharing Services Global (OTCQB: SHRG), a diversified holding company specializing in the health and wellness direct-selling industry, is well-positioned to meet the requirements of the new era. An article on SHRG’s exploits and aspects of its operations that demonstrate its adaptability reads, “(in 2016) as many as 68% of Americans did not like online shopping because they were unable to see, touch or try on the products. However, since then, many aspects of consumer behavior have changed, spurring the movement of consumers to online shopping, including the latest push brought on by the pandemic.” SHRG, a direct-selling company, has positioned…

TuesdayMar 09, 2021 2:00 pm

NetworkNewsBreaks – The Very Good Food Company Inc. (CSE: VERY) (OTCQB: VRYYF) (FSE: 0SI) Executes Non-Binding Term Sheet for C$70M Credit Facility

The Very Good Food Company (CSE: VERY) (OTCQB: VRYYF) (FSE: 0SI) today announced that it has executed a non-binding term sheet with a prominent institutional lender for a committed C$70 million credit facility. Upon closing of the proposed financing, the company will have access to a senior secured C$20 million revolving line of credit and a C$50 million asset-backed term loan. "This proposed financing demonstrates VERY's ability to access capital markets, with favorable terms, based on strong fundamentals," said Mitchell Scott, CEO of The Very Good Food Company. "We believe this financing signals that our business plan and sector have…

TuesdayMar 09, 2021 1:47 pm

NetworkNewsBreaks – Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) Announces Planned Name Change, Upcoming Meetings

Golden Leaf Holdings (CSE: GLH) (OTCQB: GLDFF), a premier, consumer-driven cannabis company specializing in retail, production, processing, wholesale, and distribution, plans to change its name to Chalice Brands Ltd. and will seek approval of the name change at is upcoming annual and special meeting (“AGM”); the meeting is slated for May 10, 2021, and will be held virtually. In addition to the name change, the company leadership team will request approval for a share consolidation intended to bring the common shares outstanding to approximately 65 million post the consolidation. The company anticipates approval and support for these requests, details of…

TuesdayMar 09, 2021 1:34 pm

NetworkNewsBreaks – Clubhouse Media Group Inc. (CMGR) to Launch Major New Creator Hub in Dynamic Orlando Marketplace

Clubhouse Media Group (OTC: CMGR), an influencer-based marketing and media firm with a vast aggregate global social media reach, today announced its expansion into the dynamic and rapidly growing Orlando market with the upcoming launch of a new content creation Clubhouse location in Florida. According to the update, Clubhouse management believes the Florida market provides access to enormous upside in branding opportunities. Besides being the theme park capital of the world, Orlando also plays a central role in Florida’s massive tourism market and is growing at four times the rate of the United States and is the second fastest growing…

TuesdayMar 09, 2021 1:18 pm

NetworkNewsBreaks – Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Enters Strategic LOI with ShroomBloom

Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ), a plant-based extraction company focused on cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic sector, today announced that it signed a letter of intent (“LOI”) with ShroomBloom Labs/Floja Bioscience Inc. to enter into an agreement for the supply of psychedelic mushroom biomass. British Columbia-based ShroomBloom is a mushroom cultivator leveraging a unique growing method that uses a sustainable forest product to grow organic Psilocybe Azurescens, also known as Azures, one of the most potent psilocybin mushrooms ever found. Under the terms of the LOI, Pure Extracts would be granted “most…

TuesdayMar 09, 2021 1:03 pm

NetworkNewsBreaks – Ideanomics (NASDAQ: IDEX) Acquires 20% Stake in Energica Motor Company

Ideanomics (NASDAQ: IDEX) today announced that it has acquired 20% of Italian Energica Motor Company S.p.A., a developer of high-performance, 100% battery-powered motorbikes, for the consideration of $13.2 million. With this move, which marks continued investment in European-based OEM, Ideanomics expands its global footprint in the electric vehicle (“EV”) industry. "Energica has combined zero emissions EV technology with high-performance engineering synonymous with Italy's Motor Valley to create a range of exceptional products for the motorcycle market," said Alf Poor, CEO of Ideanomics. "It also has proprietary EV battery and DC fast-charging systems that have applications and synergies with Ideanomics Mobility.…

TuesdayMar 09, 2021 12:47 pm

NetworkNewsBreaks – Healthy Extracts Inc. (HYEX) Releases FY 2020 Revenue Results, Year-End Accomplishments

Healthy Extracts (OTCQB: HYEX), a leading developer and manufacturer of heart health, brain health and supplementary technologies, has announced its year-end financial numbers and business updates for the 12-month period ending Dec. 31, 2020. Financial highlights of the report include revenue increases of 71% to $1,276,559 compared to 2019 revenues of $748,377 and a net shareholder equity increase of $3.7 million. In addition, the company eliminated all convertible debt. The report attributes the increases to Healthy Extracts transition to its new business of selling health-nutrition products. Business highlights for the year include a company name change, full reporting and upgrade to…

TuesdayMar 09, 2021 12:30 pm

NetworkNewsBreaks – ISW Holdings Inc. (ISWH) Pays Off Major Convertible Note with Preemptive Payment, Preventing Dilution Risk

ISW Holdings (OTC: ISWH), a global brand management holdings company with commercial operations in telehealth and cryptocurrency mining, has paid off and cancelled a convertible debt note. The company announced that it had distributed $363,000 to settle the outstanding obligation, thereby removing it from the books. The note presented a dilution risk for shareholders, noted ISWH management, who reiterated that the company is committed to preventing dilution risk as part of its official anti-dilution strategic initiative, introduced last year. As part of that initiative, ISWH is regularly and consistently evaluating its financial situation and taking steps to eliminate, cancel or…

TuesdayMar 09, 2021 11:56 am

NetworkNewsBreaks – DarioHealth Corp. (NASDAQ: DRIO) Reports Q4, FY 2020 Numbers, Business Highlights

DarioHealth (NASDAQ: DRIO), a pioneer in the global digital therapeutics market, has released its financial and business update report for the fourth quarter and full year 2020. The company reports significant progress across all aspects of its long-term strategic operating plan, including securing several accounts in the B2B (“B2B”) channel that are generating revenue and enrolling members and completing financing that provides capital to move forward on growth initiatives. In addition, DRIO’s acquisition of Upright allows the company to expand its digital therapeutics offering to include musculoskeletal. Other highlights included DRIO’s agreement to provide its digital therapeutics solution to eligible…

TuesdayMar 09, 2021 11:34 am

NetworkNewsBreaks – Asia Broadband Inc. (AABB) Announces Characteristics of Gold-Backed Crypto Token

Asia Broadband (OTC: AABB), a resource company focused on the production, supply and sale of precious and base metals, today specified the characteristics of the company’s AABB Gold (“AABBG”) cryptocurrency wallet and token developed by Core State Holdings Corp. (“CSHC”). According to the update, the AABBG token is backed 100% by physical gold held by the company in several high security, private locations in Mexico. AABB will continue to back the token 100% by additional physical gold acquired from future mining production and gold purchased from cash reserves or credit. The initial token release will be backed by $30 million…

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