NetworkNewsBreaks

TuesdayApr 28, 2020 1:04 pm

NetworkNewsBreaks – Living Greens Farm Enhances Already Super-Clean Standards to Block COVID-19

Living Greens Farm (“LGF”), the largest vertical, indoor aeroponic farm in the U.S. that provides year-round fresh salads, microgreens and herbs, today announced its addition of steps and procedures to its already super-clean standards to block COVID-19 from its operation. LGF’s indoor growing methods virtually eliminate health risks faced by most traditional farms and result in the highest standards in food safety. In addition, LGF follows GAP (Good Agriculture Practices) and GMP (Good Manufacturing Practices) guidelines to ensure that all vegetables are produced, packed, handled and stored as safely as possible to minimize food safety hazard risks. In addition to…

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TuesdayApr 28, 2020 12:38 pm

NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Prices $2.65MM Registered Direct Offering

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced its entry into definitive agreements with investors for the purchase and sale of 5,300,000 of the Company’s American Depositary Shares (“ADSs”), each at a price of $0.50, pursuant to a registered direct offering. Foresight will secure approximately $2.65 million in gross proceeds from the offering, before deduction of placement agent fees and other estimated expenses, and intends to use the net proceeds for working capital and other general corporate purposes. Subject to satisfaction of customary conditions, the closing of the registered direct offering is expected…

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TuesdayApr 28, 2020 12:26 pm

NetworkNewsBreaks – ViewRay Inc. (NASDAQ: VRAY) Featured in Mizuho Securities Research Report

ViewRay Inc. (NASDAQ: VRAY) was featured in a recent equity research report published by Mizuho Securities USA LLC. The report reads, “We are dropping coverage of ViewRay Inc. due to a reallocation of resources. Our final rating is Buy, and our final price target is $7.00. Our former estimates, price targets, and ratings should no longer be relied upon going forward.” To request access to the full report, visit http://nnw.fm/SaZ9d About ViewRay Inc. ViewRay® Inc. designs, manufactures, and markets the MRIdian® radiation therapy system. MRIdian is built upon a proprietary high-definition MR imaging system designed from the ground up to…

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TuesdayApr 28, 2020 12:21 pm

NetworkNewsBreaks – Zogenix Inc. (NASDAQ: ZGNX) Featured in Mizuho Securities Research Report

Zogenix Inc. (NASDAQ: ZGNX) was featured in a recent equity research report published by Mizuho Securities USA LLC. The report reads, “Zogenix hosted a KOL event on 4/22. The most important data point in our view was the updated long-term data from FINTEPLA in Dravet syndrome, which reinforces the strong profile of FINTEPLA in this indication and the potential for the drug to become standard of care. Clinical data in a new indication (Sunflower syndrome) was also presented, with early signal observed in a handful of patients. However, we believe more clinical data will be needed before this indication can…

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TuesdayApr 28, 2020 12:16 pm

NetworkNewsBreaks – Aerie Pharmaceuticals Inc. (NASDAQ: AERI) Featured in Mizuho Securities Research Report

Aerie Pharmaceuticals Inc. (NASDAQ: AERI) was featured in a recent equity research report published by Mizuho Securities USA LLC. The report reads, “We applied a weighted average valuation (DCF and EV/Sales) to derive our $34 PT. Our assumptions include: Rhopressa: U.S. peak-sales of $162 mil in 2025. Rocklatan: U.S. peak-sales of $331 mil in 2025. DCF Assumptions: Terminal value of 5x 2028 FCF and a 13% discount rate to derive a $40 PT. EV/Sales Assumptions: 3.8x multiple of 2028 sales, discounted at 13% to derive a $27 PT. In our bull case scenario, we assume greater than anticipated market share…

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TuesdayApr 28, 2020 12:11 pm

NetworkNewsBreaks – Xeris Pharmaceuticals Inc. (NASDAQ: XERS) Featured in Mizuho Securities Research Report

Xeris Pharmaceuticals Inc. (NASDAQ: XERS) was featured in a recent equity research report published by Mizuho Securities USA LLC. The report reads, “Recent prescription trends of the overall glucagon market as well as Gvoke prefilled syringe turned more negative than our expectation due to COVID-19. This prompted us to do scenario analyses based on current trends. As a result, we are lowering our 2020 and 2021 revenue estimates from $11.9 MM and $60.9 MM to $5.4 MM and $41.1MM, respectively. However, we believe the long-term, ready-to-inject glucagon market opportunity has not changed, along with Xeris' relative competitive standing. As such,…

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TuesdayApr 28, 2020 12:09 pm

NetworkNewsBreaks – SinglePoint, Inc. (SING) Enters JV Agreement with Box-Bioscience in Ramped-Up Effort to Meet Demand for Hand Sanitizer, Bulk Products

SinglePoint (OTCQB: SING) today announced that it is ramping up its effort to meet in bound demand for hand sanitizer and other sanitizing products. According to the update, SinglePoint recently entered into an LOI that quickly progressed to a JV Agreement (“JV”) with Box-Bioscience that will provide both parties the capability to enhance supply and expand sales opportunities of hand sanitizer. With successful rollout of Klen, SinglePoint has been approached by larger retailers to supply bulk products, setting the stage for a JV between the two companies to supply hand sanitizer manufactured to current FDA guidelines. Box, with new sales…

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TuesdayApr 28, 2020 11:56 am

NetworkNewsBreaks – Youngevity International, Inc. (NASDAQ: YGYI) Subsidiary’s Hemp-Derived Coffee Product Line Now Available on Amazon.com

Youngevity International (NASDAQ: YGYI), a multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, commercial hemp enterprise and multi-channel lifestyle company, today announced that its hemp derived coffee brand Javalution is now available for immediate shipping at Amazon.com. The full line of hemp coffee is available for purchase on Amazon in the flavors House Blend, Donut Shop Blend, French Vanilla, and Dark Roast. “We already see the Javalution Hemp Derived K-Cups showing up at the top of the Amazon search engines which has us optimistic about Javalution's sales potential within this platform,” YGYI president and…

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TuesdayApr 28, 2020 11:03 am

NetworkNewsBreaks – Supreme Cannabis Company, Inc.’s (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) 7ACRES Division Launches New Brand Extension

Supreme Cannabis Company’s (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) 7ACRES division today announced that it has launched a new brand extension called 7ACRES Craft Collective. With a focus on high THC and remarkable quality, 7ACRES Craft Collective will launch small batches of craft cannabis that is hand selected by the experts at 7ACRES for individual provinces based on their cannabis preferences. The first strain launched under the new brand extension will be a Pink Kush that is grown and exclusively available in British Columbia. “We are excited to launch 7ACRES Craft Collective as a way to bring new and unique…

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TuesdayApr 28, 2020 10:56 am

NetworkNewsBreaks – Cannabis Global, Inc. (MCTC) Provides Update in Transition Toward Monetization of Market-Leading Intellectual Property

Cannabis Global (OTC: MCTC), a cannabinoid and hemp extract science forward company developing infusion and delivery technologies, today provided an update to current and prospective shareholders as it begins to transition toward monetization of its market-leading intellectual property involving isolation, infusion and bio-enhancement of potent cannabinoids. "This continues to be a transformative period for Cannabis Global as we start to realize a commercial return on our foundation of strong R&D investments," Cannabis Global CEO Arman Tabatabaei said in the news release. "We strongly believe we have positioned the Company as a market leader in the cannabis, hemp, and CBD products…

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