NetworkNewsBreaks

WednesdayFeb 03, 2021 1:12 pm

NetworkNewsBreaks – Merus N.V. (NASDAQ: MRUS) Secures $138M in Underwritten Public Offering

Merus (NASDAQ: MRUS), focused on the development of innovative, full-length multispecific antibodies, has closed an underwritten public offering of 5,575,757 shares of common stock, including an additional 727,272 shares per the full exercise of the over-allotment option granted to the underwriters. Merus secured approximately $138 million in gross proceeds, with each of the shares sold at the public offering price of $24.75. The company intends to use the proceeds to advance clinical development of its product candidates, for preclinical research and technology development, as well as for working capital and general corporate purposes. ROTH Capital Partners acted as co-manager for…

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WednesdayFeb 03, 2021 1:00 pm

NetworkNewsBreaks – Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) Named Among Top Performing Companies on the OTCQX

Standard Lithium (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF), an innovative technology and lithium project development company, today announced that it has been named to the 2021 OTCQX Best 50. The annual ranking of the top 50 U.S. and international companies traded on the OTCQX market is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Companies in the 2021 OTCQX Best 50 were ranked based on their performance in 2020. “On behalf of the senior management and board, I would like to thank our shareholders for their continued…

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WednesdayFeb 03, 2021 12:49 pm

NetworkNewsBreaks – Exro Technologies Inc. (TSX.V: EXRO) (OTCQB: EXROF) Provides Update on Coil Driver Collaboration with Potencia

Exro Technologies (TSX.V: EXRO) (OTCQB: EXROF), a leading clean-technology company that has developed a new class of power electronics for electric motors and batteries, has released an update on its Coil Driver for electric cars with Potencia Industrial, S.A. DE C.V. The update noted that testing is complete on the integration of the Potencia electric motor with Exro’s 100 volt Coil Driver, and the Coil Driver will be shipped to Potencia this week. Exro had been targeting a late 2020 shipping date. Exro’s team will now work with the Potencia to conduct rigorous testing to ensure operational validation in an electric car…

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WednesdayFeb 03, 2021 12:33 pm

NetworkNewsBreaks – Kaival Brands Innovations Group Inc. (KAVL) Enters Strategic Agreement with Potential to Triple Its Distribution Points

Kaival Brands (OTCQB: KAVL), a company focused on generating stockholder value by incubating innovative products into mature and dominant brands, is the exclusive global distributor of all products manufactured by Bidi Vapor LLC. This includes Bidi Vapor's primary offering, the Bidi(R) Stick, as well as the Bidi(R) Pouch, a tobacco-free nicotine pouch. Today Kaival Brands announced its entry into an agreement with H.T. Hackney Co., a longstanding convenience store distribution leader, under which Hackney can now purchase the Bidi(R) Sticks for distribution.  This new partnership with Knoxville, Tennessee-based, 100-year-old Hackney, with over 20 distribution centers throughout the Southeast and Midwest…

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WednesdayFeb 03, 2021 12:21 pm

NetworkNewsBreaks – InsuraGuest Technologies Inc. (TSXV: ISGI) (OTCQB: ISGIF) Renews Annual Contract with Wintergreen Resort

InsuraGuest Technologies (TSXV: ISGI) (OTCQB: ISGIF), through its wholly owned U.S. subsidiary InsuraGuest Risk Purchasing Group Inc. ("ISG"), today announced that it has renewed its annual contract with Wintergreen Resort in Wintergreen, Virginia. Under the contract, the company will supply its InsuraGuest Hospitality Liability coverages, which cover claims made by resort guests on a primary basis. According to the update, InsuraGuest's Hospitality Liability coverages and platform protected 23,917 room nights for US$4.95 a night at the 200-room Wintergreen Resort in 2020. A considerable portion of a hotel operator's claims come from small property or medical claims that are frequently applied…

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WednesdayFeb 03, 2021 12:08 pm

NetworkNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) to Hold Extraordinary Meeting of Debentureholders

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis and hemp-branded products company in the United States, has announced an upcoming shareholder meeting. The meeting, scheduled for 10 a.m. ET on Feb. 25, 2021, is an extraordinary meeting of holders of 8% unsecured convertible debentures that are due Feb. 28, 2021. Information containing detailed information regarding the amendments and resolutions to be considered during the meeting has been mailed to the company’s debentureholders of record. The meeting will be held virtually to maintain COVID-19 social distancing requirements; participants will be attending via a telephone conference. The announcement noted that the company’s…

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WednesdayFeb 03, 2021 11:49 am

NetworkNewsBreaks – Champignon Brands Inc. (CSE: SHRM) (OTCQB: SHRMF) (FWB: 496) Announces Publication of Article Led by CEO Dr. Roger McIntyre

Champignon Brands (CSE: SHRM) (OTCQB: SHRMF) (FWB: 496) today announced the publication of an article led by its CEO Dr. Roger McIntyre. The article, titled, “The Rapid Mood Screener (‘RMS’): a novel and pragmatic screener for bipolar I disorder,” is published at Taylor and Francis.com. "Timely and accurate diagnoses are precursors of good clinical outcomes in persons with treatment-resistant mood disorders, the high rate of missed bipolar disorder diagnosis is a critical unmet need," stated Dr. Roger McIntyre. "The Rapid Mood Screener provides a systematic approach to screening for bipolar disorder amongst all patients who present with depressive symptoms. It…

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WednesdayFeb 03, 2021 11:32 am

NetworkNewsBreaks – Online Learning Platforms Such as Amesite Inc. (NASDAQ: AMST), Nerdy Seeing Growth

Amesite Inc. (NASDAQ: AMST), an AI-driven platform and course designer that provides customized, high-performance and scalable online products for schools and businesses, is part of a growing sector. Nerdy, a similar online learning platform, recently announced that it had agreed to go public through a merger with a blank-check company backed by private equity firm TPG Pace Tech Opportunities Corp. (NYSE: PACE). The announcement noted that, once the transaction with TPG is complete, Nerdy will have equity value of approximately $1.7 billion. The agreement will provide up to $750 million in cash proceeds, including $150 million in an oversubscribed private investment…

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WednesdayFeb 03, 2021 11:19 am

NetworkNewsBreaks – PlantX Life Inc. (CSE: VEGA) (OTCQB: PLTXF) (Frankfurt: WNT1) Featured in Forbes Article, Announces Appointment of Advisory Board Chairman

PlantX Life Inc. (CSE: VEGA) (OTCQB: PLTXF) (Frankfurt: WNT1) was featured in a recent Forbes article titled, “Sustainably-Focused, Plant-Based Online Groceries Are Thriving. Here’s Why.” The piece covers plant-based groceries and the fact that sustainability focused products are growing at a rate of 5.6 times that of other products in the consumer goods sector. The article reads, “Another driving force for healthy online shopping is the growing impact of the plant-based community. PlantX was born from a combination of the need for education in plant-based living and eating, and co-founder Sean Dollinger’s 20 plus years background in e-commerce. The concept,…

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WednesdayFeb 03, 2021 11:09 am

NetworkNewsBreaks – XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT) Signs Production Agreement with Applied Pharmaceutical Innovation

XPhyto Therapeutics (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT), a bioscience accelerator at the leading-edge of the life science industry, announced that it has signed an agreement with Applied Pharmaceutical Innovation. A not-for-profit institution at the University of Alberta, Applied supports translational drug development for industry and innovators. XPhyto’s psychedelic pharmaceutical production agreement calls for the synthesis of pharmaceutical-grade psychedelic compounds and the development of the standard operating procedures required to obtain regulatory approval for the commercial production process. As part of its psychedelic pharmaceutical program, XPhyto needs industrial-scale production of standardized active pharmaceutical ingredients. This agreement is part of that strategic…

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