NetworkNewsBreaks

MondayOct 05, 2020 12:36 pm

NetworkNewsBreaks – Costco Wholesale Corporation (NASDAQ: COST) Featured in Analysis Report

Costco (NASDAQ: COST), a corporation that currently operates 795 international warehouses, was featured in a recent analysis report that discussed consumer demand for the company prior to release of official numbers. The report, written by LikeFolio Founder Andy Swan, reads, “We already know: 20Q4 comparable-store sales +14% in U.S.; eCommerce sales accelerating: July +76% YoY, August +102% YoY; expectations for this quarter: strength in fresh produce, e-commerce, large ticket size (lower traffic), improvement in international markets. LikeFolio's Purchase Intent Metric recorded significant YoY growth in 20Q4: +32%. COST is up 17% YTD, but is actually trading down ~5% since its…

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MondayOct 05, 2020 12:17 pm

NetworkNewsBreaks – Darden Restaurants Inc. (NYSE: DRI) Featured in Analysis Report

Darden (NYSE: DRI), a restaurant company featuring a portfolio of distinct brands, was featured in a recent analysis report that discussed its performance amid a slow recovery for the restaurant sector and return to in-person dining. The report, written by LikeFolio Founder Andy Swan, reads, “This chart does not paint a glorious picture of recovery for DRI (parent company of Olive Garden, LongHorn Steakhouse, and Cheddar's, among others). Purchase intent mentions fell 38% YoY in 21Q1. A slow return to normalcy is present across the restaurant industry, with noted weakness in DRI specifically. Compare purchase intent levels in the past…

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MondayOct 05, 2020 11:46 am

NetworkNewsBreaks – LexaGene Holdings, Inc. (TSX.V: LXG) (OTCQB: LXXGF) Issues Corporate Update

LexaGene Holdings (TSX.V: LXG) (OTCQB: LXXGF), a molecular diagnostics company that develops fully automated rapid pathogen detection systems, today provided a general corporate update. Among highlights provided in the update, LexaGene is in a strong position to support its development goals for the next year and beyond with its treasury currently standing at US$11.3 million (C$14.9 million). “Our MiQLab(TM) pathogen detection system has 230 unique components. Over the summer, the coronavirus pandemic caused some supply chain issues for several key components that delayed the manufacturing, optimization and testing of these systems. Just recently, these supply chain issues were resolved and…

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MondayOct 05, 2020 11:23 am

NetworkNewsBreaks – Appreciated Media Holdings Inc. (TSXV: AMH) (OTCQB: AMEFF) Returns Performance Shares to Treasury

Appreciated Media Holdings (TSXV: AMH) (OTCQB: AMEFF) ("Appreciated Media" or the "Corporation"), a multifaceted entertainment company, today announced the cancellation and return to treasury of 6,995,653 common shares in the capital of the Corporation (the "Performance Shares"). According to the update, in connection with the completion of its qualifying transaction, Appreciated Media issued an aggregate of 7,473,935 Performance Shares pursuant to the terms of a performance share agreement dated June 30, 2017, that was entered into among the Corporation and certain of its consultants and advisors (the "Performance Share Agreement"). Upon issuance, the Performance Shares were deposited into escrow subject…

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MondayOct 05, 2020 10:54 am

NetworkNewsBreaks – Champignon Brands Inc. (CSE: SHRM) (OTCQB: SHRMF) (FWB: 496) Elects Leading International Expert as Board Chairman

Champignon Brands (CSE: SHRM) (OTCQB: SHRMF) (FWB: 496), today announced the election of Dr. Roger McIntyre as chairman of its board of directors. A foremost international expert in depression and suicide, Dr. McIntyre is a professor of Psychiatry and Pharmacology at the University of Toronto, heads the Mood Disorders Unit at the University Health Network in Toronto and holds appointments among scientific and clinical organizations across the United States and Asia. Dr. McIntyre was appointed to Champignon’s board in July 2020 and assumed the role of CEO in May 2020. He has set a strategic direction for the business, which…

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MondayOct 05, 2020 10:21 am

NetworkNewsBreaks – SRAX Inc. (NASDAQ: SRAX) Appoints Digital Media Exec as BIGtoken CEO

SRAX (NASDAQ: SRAX), a financial technology solutions provider, today announced that one of its board members, Malcolm CasSelle, will be appointed chief executive officer of BIGtoken, a wholly owned subsidiary of SRAX. In addition to his seven-year tenure on SRAX’s board of directors, CasSelle brings a close relationship with BIGtoken and more than 20 years of C-suite experience leading several startups in the digital media industry. “Malcolm brings years of experience in building technology companies,” SRAX CEO Christopher Miglino said in the news release. “He has the relationships and the know-how to bring the company to the next level and…

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MondayOct 05, 2020 9:52 am

NetworkNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Issues Update on Non-Compliance with Nasdaq Listing Requirements

Youngevity International (NASDAQ: YGYI), a leading multichannel lifestyle company operating in three distinct business segments, on Friday announced its receipt of a September 29, 2020, Staff Determination Letter (the "September Notification") from the Listing Qualifications Department of the Nasdaq Stock Market LLC. According to the update, the letter indicated that Youngevity did not meet the terms of the exception previously granted to it by Nasdaq (the "Exception") pursuant to the notification letter received by the company on August 11, 2020. Under the Exception, in order to regain compliance with Nasdaq Listing Rule 5250(c)(1), the company was obligated to have filed…

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MondayOct 05, 2020 9:22 am

NetworkNewsBreaks – Biohaven Pharmaceutical Holding Company Ltd. (NYSE: BHVN) Featured in Mizuho Securities Research Report

Biohaven Pharmaceutical Holding Company (NYSE: BHVN) was featured in a recent equity research report published by Mizuho Securities USA LLC. The report reads, “The prescription ramp for Nurtec ODT in acute migraine continues to beat our expectations, with weekly Symphony prescription volumes ahead of our forecasts. With 3Q20 coming to a close, we are updating our BHVN model to incorporate additional reported weekly Symphony data but also increasing our gross-to-net (‘GTN’) as we believe GTN will likely be under pressure in the near term but should improve over time. As a result, we are lowering our 3Q20 sales forecast from…

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FridayOct 02, 2020 2:28 pm

NetworkNewsBreaks – Trxade Group Inc. (NASDAQ: MEDS) CEO Discusses Strategic Business Models, Nascent Stage of B2C Platform

Trxade Group (NASDAQ: MEDS), an integrated drug-procurement, delivery and health-care platform, showcased its powerful capabilities during a recent virtual investor summit. Trxade Group’s CEO Suren Ajjarapu presented for the company to discuss the platform, which thrives on its business-to-business (“B2B”) model to provide radical transparency for drug pricing and availability while taking advantage of telehealth-friendly insurer policy shifts under its business-to-consumer (“B2C”) model. During his presentation, Ajjarapu highlighted comprehensive capabilities of the platform, including the vitality of its Bonum Health Hub portal-led B2C operations, serving approximately 15 million patients through the medium of over 11,700 independent pharmacies in its subscription…

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FridayOct 02, 2020 1:57 pm

NetworkNewsBreaks – Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) Shares Road Map to Production, Promising Drill Program Results

Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B),a Delaware corporation engaged in the acquisition, exploration and development of U.S. gold and silver properties, laid out its plan to become a profitable gold producer at the Aug. 6 OTCQB Virtual Investor Conference. Bullfrog was one of several companies hand selected to present to individual and institutional investors, advisors and analysts attending the event. A recent article discusses BFGC’s presentation and plans as the company’s CEO David Beling outlined the exciting potential of the Bullfrog Mining District of Nevada — the prolific location of BFGC properties — as well as promising…

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