NetworkNewsBreaks

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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TuesdayApr 28, 2020 10:27 am

NetworkNewsBreaks – Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF) to Collaborate with Clean Seed Capital to “Electrify the Industry” and Expand Capabilities of Heavy Farm Equipment

Exro Technologies (CSE: XRO) (OTCQB: EXROF) today announced its entry into a collaboration and supply agreement (the "Agreement") with Clean Seed Capital Group Ltd. (TSX-V: CSX). Under the agreement, Clean Seed will issue a purchase order to integrate Exro's technology into Clean Seed's high-tech agricultural seeder and planter platforms, advancing the electrification of the world's heavy-farm equipment. "This is another step in the commercialization of Exro's technology that will expand the capabilities of the world's electric motors," Exro CEO Sue Ozdemir said in the news release. "Clean Seed is a pioneer in improving the efficacy and sustainability of farming. With…

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TuesdayApr 28, 2020 10:15 am

NetworkNewsBreaks – Champignon Brands Inc. (CSE: SHRM) (OTCQB: SHRMF) (FWB: 496) Chosen as Headline Partner for PSYCH: The Psychedelics Symposium

Champignon Brands (CSE: SHRM) (OTCQB: SHRMF) (FWB: 496), a human optimization sciences company focused on applying novel and natural treatment protocols to address a broad range of disorders and deficiencies with an emphasis on psychedelic medicine, today announced that it has been chosen as the Headline Partner for Prohibition Partners LIVE’s PSYCH: The Psychedelics Symposium (“PSYCH”). The psychedelics virtual conference, scheduled to take place June 22 - 23, 2020, will highlight the most recent developments in the psychedelic industry, hear from world-renowned speakers and engage with a network of industry-leading professionals. “The impact of COVID-19 has put greater emphasis on…

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TuesdayApr 28, 2020 9:59 am

NetworkNewsBreaks – Marijuana Company of America, Inc. (MCOA) Issues Shareholder Letter with Status Update During COVID-19

Marijuana Company of America (OTCQB: MCOA), an innovative hemp and cannabis corporation, today issued a letter to shareholders from its CEO, Jesus Quintero, that provided a status update on MCOA during the COVID-19 pandemic. The update covers steps Quintero has taken to steer MCOA to success and profitability, with a focus in recent months on streamlining the company’s organizational structure to minimize operational costs and continue to strengthen its sales. “Our primary sales strategy capitalizes our Network Marketing program, which has been operating successfully over these past three years with growth and success,” Quintero stated in the letter. “My vision…

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