NetworkNewsBreaks

WednesdayMay 13, 2020 10:23 am

NetworkNewsBreaks – Sugarmade, Inc. (SGMD) Reports Record Increase in BudCars Sales Ahead of LA Launch, Expects Continued Dramatic Growth

Sugarmade (OTCQB: SGMD), together with its BudCars Cannabis Delivery Service, today announced record growth data for BudCars sales during the month of April, with sales growing 58% on a sequential monthly basis over March sales on an average daily volume basis. According to the update, data for the month of May already indicates a strong continuation of that trend, with May sales on pace to add another 16% over and above the strong breakout sales trend seen in April. “We did about $6,000 per day in sales in March and over $9,500 per day in April, representing a very robust…

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WednesdayMay 13, 2020 10:17 am

NetworkNewsBreaks – Cannabis Global, Inc. (MCTC) Implements Program to Produce THC-V in Commercially Viable Quantities Following Project Varin Breakthroughs

Cannabis Global (OTC: MCTC), a cannabinoid and hemp extract science-forward company developing infusion and delivery technologies, today provided an update for current and prospective shareholders as it continues to make strong progress on its "Project Varin" initiative. Project Varin, designed to produce ultra-highly bioavailable exotic cannabinoids, launched earlier this year and, to date, has produced new cannabinoid production techniques, unique time-released polymeric nanoparticles and two novel patent filings. Cannabis Global is now implementing a program to produce commercially viable quantities for use in its own products to be released later this month. “While THC-V is found in very small quantities…

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WednesdayMay 13, 2020 9:33 am

NetworkNewsBreaks – Champignon Brands Inc. (CSE: SHRM) (OTCQB: SHRMF) (FWB: 496) to Acquire Wellness Clinic of Orange County, Advancing North American Clinical Expansion

Champignon Brands (CSE: SHRM) (OTCQB: SHRMF) (FWB: 496), a human optimization sciences company with an emphasis on ketamine and psychedelic medicine, on Tuesday announced the execution of a term sheet with California-based Wellness Clinic of Orange County Inc., further advancing the company’s North American clinical expansion. Per the term sheet, SHRMF is to acquire 100% of the Wellness Clinic and all of its subsidiaries in exchange for payments over an 18-month period totaling: (a) USD $600,000; (b) 1 million common shares of Champignon (the “Initial Share Issuance”); and, (C) 500,000 common shares of Champignon payable only if the Wellness Clinic…

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TuesdayMay 12, 2020 1:53 pm

NetworkNewsBreaks – Bitcoin’s Third Halving Detailed in Investopedia Article

An overview of the Bitcoin network and an explanation of bitcoin halving was recently provided in an article authored by Luke Conway on Investopedia.com titled ‘Bitcoin Halving’. Among other highlights, the article details how halvings decrease the rate at which new coins are created, which lowers the available supply. “This is the third halving, so we now have two examples to look back on,” stated Jonathan Keim, communications director of CryptoCurrencyWire. “In both cases, the price per bitcoin increased substantially after the supply was cut, but not right away. In fact, it took about a year in both cases for…

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TuesdayMay 12, 2020 1:04 pm

NetworkNewsBreaks – Restaurant Industry Utilizing App-Based Hiring and Scheduling Platforms Amid COVID-19 Crisis

FN Media Group LLC (“FNM”), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, today provided an overview on various app-based hiring and scheduling platforms that help operators tap into the part-time or “gig” workforce in an efficient way during the global COVID-19 crisis. Some of these platforms cater to multiple industries, although restaurant-specific platforms have recently began emerging. Active companies taking advantage of this market opportunity include ShiftPixy, Inc. (NASDAQ: PIXY), Grubhub Inc. (NYSE: GRUB), Slack Technologies, Inc. (NYSE: WORK), Uber Technologies, Inc. (NYSE: UBER), and Lyft, Inc. (NASDAQ: LYFT). “As a partner to restaurants across the country, we recognized the…

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TuesdayMay 12, 2020 12:58 pm

NetworkNewsBreaks – InvestorBrandNetwork to Serve as Official Media Partner of Virtual Summer Investor Summit

InvestorBrandNetwork (“IBN”), an innovative corporate communications agency and diversified content distributor, today announced that it will be continuing its collaboration with Investor Summit Group (“ISG”) by serving as the official media partner for the upcoming Virtual Summer Investor Summit. The conference is slated to take place June 9-12, 2020 in a virtual, online setting. IBN is providing wire-grade press releases, content syndication through 5,000+ distribution partners, visibility on a growing social media network of investor-oriented brands, and individual coverage of the participating companies through a highly interactive portal with one-click access to advanced market research tools. “InvestorBrandNetwork is excited to…

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TuesdayMay 12, 2020 12:33 pm

NetworkNewsBreaks – Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF) CCO Discusses Technology, Commercialization Strategy in SuperCharged Stocks Interview with Andrew O’Donnell

Vancouver, British-Columbia-based technology pioneer Exro Technologies’ (CSE: XRO) (OTCQB: EXROF) chief commercial officer (“CCO”) Josh Sobil was recently interviewed by Andrew O'Donnell, host of SuperCharged Stocks. In the interview, Sobil discusses the company’s long-term move toward electrification in industries that are poised to benefit from Exro's technology. Sobil also details the company’s strategy to commercialize its technology in the automotive, agricultural, e-bike and last mile transportation, and recreational markets. “Over the long term, there's not only a need, but I think a want, to move toward electrification,” Exro Technologies chief commercial officer Josh Sobil stated in the interview. “So, we're…

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TuesdayMay 12, 2020 12:04 pm

NetworkNewsBreaks – iClick Interactive Asia Group Ltd. (NASDAQ: ICLK) Subsidiary Wins Excellence, Commitment & Innovation Awards from Tencent Ads

iClick Interactive Asia Group (NASDAQ: ICLK), independent, online marketing and enterprise-data-solutions provider that connects worldwide marketers with audiences in China, today announced that Tencent Ads has named ICLK’s subsidiary, OptAim (Beijing) Information Technology Co., Ltd., the winner of three awards for the second half of 2019. OptAim won the Excellence Award, Commitment Award, and Innovation Award. OptAim was previously named the winner of several annual awards by a separate unit of Tencent Ads, including the 2019 Gold Service Provider. “It is a great honor for iClick to once again win recognition from the Tencent Ads. These accolades highlight iClick's role…

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TuesdayMay 12, 2020 11:04 am

NetworkNewsBreaks – Eldorado Resorts, Inc. (NASDAQ: ERI) Releases Operating Results for Q1 2020

Eldorado Resorts (NASDAQ: ERI) on Monday reported operating results for the first quarter ended March 31, 2020. “Our first quarter operating performance through the end of February 2020 represented a very strong start to the year. For the first two months of 2020, revenues were up 6.6% and adjusted EBITDA was up 24.7%, driving strong margin growth of 390 basis points year over year,” Eldorado Resorts CEO Tom Reeg stated in the news release. “We were encouraged by the strength of the consumer and the pace of revenue growth for this two-month period. However, the strength in January and February…

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TuesdayMay 12, 2020 11:03 am

NetworkNewsBreaks – SRAX Inc.’s (NASDAQ: SRAX) BIGtoken Study Shows Insight on Consumer Opinions/Plans When Nation Reopens

SRAX (NASDAQ: SRAX), a digital marketing and consumer data management technology company, today released results of a new BIGtoken study that surveyed platform users to gain insight about their opinions and plans when the nation reopens. The study, which was conducted in a 24-hour period, revealed that 67% of respondents are fearful of early reopening due to potential spread of the novel coronavirus. At the same time, 32% of respondents indicated they will immediately go out for non-essential services as soon as they open; 50.6% said they will travel to another state when it’s allowed; and 67% plan to gather…

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