NetworkNewsBreaks

ThursdaySep 03, 2020 2:51 pm

NetworkNewsBreaks – Pure Extract Technologies Inc. Ramping Up for White-Label Production

Pure Extract Technologies, a private, plant-based extraction company, will soon be launching white-label production as part of its core services. Upon Health Canada approval of its standard processing license, the company, an expert in extraction, will offer white-label solutions based on custom formulating high-quality oils sourced from both cannabis and hemp-biomass products. A recent article discussing this reads, “As a leading extraction company, Pure Extracts is able to rapidly develop and commercialize extraction systems for plant-based medicine products. The company has a centralized 10,000-square-foot facility built to EU-GMP standards and designed for proprietary and white-label production; the facility is located…

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ThursdaySep 03, 2020 2:33 pm

NetworkNewsBreaks – Trxade Group Inc. (NASDAQ: MEDS) Delivers Crucial PPE, Drives Increased Revenues in Q2 2020

Trxade Group (NASDAQ: MEDS), an integrated drug-procurement, delivery and health-care platform, achieved a record $6.6 million in revenues for the second quarter of 2020, representing a 244% increase compared to the same period last year. In large part, the company attributes the boost to a critical and opportune strategy. A recent article discussing this reads, “Trxade’s large revenue increase was primarily due to its ability to deliver personal protective equipment (“PPE”) at a crucial time when the pandemic was provoking a worldwide scramble to keep workers safe and businesses’ doors open to their customer bases. While the PPE-related revenue boost…

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ThursdaySep 03, 2020 1:45 pm

NetworkNewsBreaks – Lineage Cell Therapeutics Inc. (NYSE American: LCTX) (TASE: LCTX) Receives More than $24M Payment, Provides Cash for Business Plan

Lineage Cell Therapeutics (NYSE American: LCTX) (TASE: LCTX), a clinical-stage biotechnology company developing novel cell therapies for unmet medical needs, has received a $24.6 million cash payment from Juvenescence Ltd. The payment from Juvenscence, a biopharmaceutical company that is building a pipeline of therapeutic assets to target aging, represents principal and interest due under a convertible promissory note issued in August 2018. The payment provides more than two years of cash runway for Lineage, which has identified several plans and objectives for the remainder of 2020. “Lineage has been tremendously successful at monetizing its extensive patent and technology portfolio, most notably…

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ThursdaySep 03, 2020 1:25 pm

NetworkNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) Announces Closing of First Tranche of Private Placement

Pac Roots (CSE: PACR), a Canadian cannabis company dedicated to producing premium-quality strains and products by leveraging a genetics-focused approach, today confirmed the closing of the first tranche of its previously announced non-brokered private placement. According to the update, aggregate gross proceeds of C$470,750.00 were raised in the first tranche through the issuance of 1,883,000 units. Each unit consists of one share and one warrant, exercisable at C$0.40 per share for 24 months from issuance. Pac Roots intends to close additional tranches of the private placement over the coming weeks that will, in aggregate with the first tranche, raise gross…

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ThursdaySep 03, 2020 12:55 pm

NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Announces Proposed Arrangement with Arm’s-Length Lender, Affiliate

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, today announced a proposed arrangement with an existing arm’s-length lender and its affiliate. Under the agreement, the lender will exercise existing warrants of Petroteq Energy for a minimum of US$61,050 in gross proceeds to the company, which it would use to pay accrued and unpaid interest on three existing convertible debentures of the company held by the affiliate. The transactions addressed in the update are subject to completion and execution of definitive agreements and all necessary approvals,…

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ThursdaySep 03, 2020 12:28 pm

NetworkNewsBreaks – The Very Good Food Company Inc. (CSE: VERY) (OTC: VRYYF) (FSE: 0SI) Announces Industry Leading Q2 Results

The Very Good Food Company (CSE: VERY) (OTC: VRYYF) (FSE: 0SI) (“VGFC”) recently announced its second quarter (“Q2”) financial results for the period ended June 30, 2020. Among the highlights, the company reported a 395% year-over-year increase in revenues to $1,100,816 million. "We were extremely pleased with our financial performance this quarter, with revenue growth and gross margins both producing industry leading results,” VGFC CEO Mitchell Scott said in the news release. “With a very healthy balance sheet and quickly growing demand for our products, we are in a position of strength as we charge forward with our international expansion.…

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ThursdaySep 03, 2020 12:16 pm

NetworkNewsBreaks – Youngevity International, Inc.’s (NASDAQ: YGYI) CLR Roasters Expands Café La Rica Brand to Florida’s Gold Coast

Youngevity International (NASDAQ: YGYI), a leading multichannel lifestyle company operating in three distinct business segments, today announced that its wholly owned subsidiary CLR Roasters has added Unified Wholesale Grocers as a distributor. According to the update, this expands distribution of the company’s Café La Rica brand to Florida's Gold Coast, including Palm Beach, Broward, Miami-Dade and Monroe counties. Unified Wholesale Grocers services the needs of boutique and small independent supermarkets, convenience stores and bodegas in the southern geographical area of Florida and has already purchased over four truckloads of Café La Rica espresso for its customers. "We look forward to…

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ThursdaySep 03, 2020 12:10 pm

NetworkNewsBreaks – Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF) CEO Releases Corporate Update After One Year at Helm

Exro Technologies (CSE: XRO) (OTCQB: EXROF) CEO Sue Ozdemir has outlined key milestones achieved and progress made during the past year. In a recent shareholder letter Ozdemir noted that company, which has developed a new class of power electronics for powertrains, is continuing to develop key partnerships that will provide critical stepping stones to achieving its strategic business plan. The company is on schedule to close eight commercial partnerships by the end of the year, Ozdemir noted. In addition, Exro’s engineering team is also working hard to deliver the next phase of the company’s Potencia project, which will demonstrate the…

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ThursdaySep 03, 2020 11:45 am

NetworkNewsBreaks – The Movie Studio Inc. (MVES) Chooses Leading Advisory Platform to Provide Advisory Services, Select Advisors

The Movie Studio (OTC: MVES), a vertically integrated motion picture production and distribution company, has retained AdvisoryCloud to provide the company with valuable advisory services as well assist in identifying and hiring expert advisors for its advisory board. AdvisoryCloud, which offers a virtual advisory board, one-on-one meetings and project-based advisory services, connects thousands of experienced executives with companies that are looking for specific expertise and insight to develop strategy and reach long-term goals. The Movie Studio announced that it will source advisors through AdvisoryCloud’s network of professional advisors to advance its growth objectives. “We look forward to utilizing AdvisoryCloud’s resources to…

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ThursdaySep 03, 2020 11:23 am

NetworkNewsBreaks – Sustainable Green Team Ltd. (SGTM) to Supply Home Improvement Chains in the Midwest

Sustainable Green Team (OTC: SGTM), a leading provider of environmentally beneficial solutions for tree and storm waste disposal, today announced that its wholly owned subsidiary, Mulch Manufacturing Inc., has secured a packaging agreement with Old Castle Lawn & Garden to supply large home improvement chains in the Midwest. According to the update, Old Castle Lawn & Garden is a wholly owned subsidiary of CRH, a leading global diversified building materials group that employs a staff of over 80,300 at more than 3,100 locations in 30 countries. “I am honored to have been engaged by Old Castle Lawn & Garden and…

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