NetworkNewsBreaks Archive - Page 1389 of 1737

TuesdayOct 02, 2018 3:13 pm

NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Production Volume Continues to Increase

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) is ramping up its oil extraction in Utah through proprietary technology that could position the company to be an industry leader. A recent article discussing the company reads: “Petroteq expects to be at full extraction during the third quarter of this year and then to quickly increase its 1,000 bpd production to 8,000 bpd within the next three years (http://nnw.fm/8tg4Y). While these production volumes won’t be setting any industry records, the proof of Petroteq’s technology’s viability and ecological friendliness would establish it as the first company to successfully turn out commercially profitable crude in…

TuesdayOct 02, 2018 2:56 pm

NetworkNewsBreaks – Lithium Chile Inc. (TSX.V: LITH) (OTCQB: LTMCF) Delighted by Recent Drilling Activity Results

Lithium Chile’s (TSX.V: LITH) (OTCQB: LTMCF) recently reported test results have shown important lithium-bearing brines in the first hole drilled as part of a four-hole project in Chile’s Salar de Ollague. The results were also in line with average grades in neighboring Argentina exploration. A recent article discussing the development reads: “Initial drill site testing of the core and liquid samples retrieved from Hole DDH-OLL-01-18 showed that the project had struck a continuous 180-meter salinity zone beginning at a depth of 110 meters. The August 23 news release states that the assay of the drill hole at internationally accredited laboratory…

TuesdayOct 02, 2018 2:41 pm

NetworkNewsBreaks – Time Article Highlights the Risks of Startup Investments

A recent article by Ryan Derousseau on www.Time.com/Money titled, “It Could Get a Lot Easier to Invest in Startups. Here’s Why That’s Bad” highlights the risks involved when investing in startups. In September, the Securities and Exchange Commission (“SEC”) Chairman Jay Clayton stated that the agency would research reducing restrictions on those defined as “accredited investors.” The term accredited investors references investors that have a net worth of at least $1 million, or that can show income of over $200,000 for three straight years. The risks involved in startup investments impact small investors much more than large accredited investors. Per…

TuesdayOct 02, 2018 2:01 pm

NetworkNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Enters MOU with Bank Sputnik to Launch New Payment Processing Center

Net Element (NASDAQ: NETE), a global technology and value-added solutions group, today announced its entrance into a memorandum of understanding (“MOU”) with Bank Sputnik to launch a technology platform. The platform is anticipated to offer a suite of payment acceptance services for financial institutions and value-added providers. Per the MOU, NETE will complete the deployment, launch and servicing of the payment processing center in exchange for 25% of issued and outstanding shares of Bank Sputnik. The bank will provide the capacity for the data center for deployment and use of software required for the execution of the program, as well…

TuesdayOct 02, 2018 12:56 pm

NetworkNewsBreaks – Why 665 Energy (SSOF) is “One to Watch”

For almost sixty years, 665 Energy (OTC: SSOF), formerly Sixty Six Oilfield Services, has held its position as a top industry expert in the drilling equipment sector of the oil and gas industry. A recent article discussing SSOF reads: “665 Energy recently completed the acquisition of Fluid End Sales, doing business as Five Star Rig and Supply, which was established as a family owned business in 1984. The company’s focus continues to be on supplying the oil industry with custom drilling rigs, heavy-weight drill pipe, drill collars, pup joints, pony collars, handling tools, tubing, casing, blow-out preventers, engines, compressors and…

TuesdayOct 02, 2018 12:19 pm

NetworkNewsBreaks – Youngevity International, Inc. (NASDAQ: YGYI) Subsidiary Reports Early Coffee Harvest

Leading omni-direct lifestyle company Youngevity International (NASDAQ: YGYI) today announced that its wholly-owned subsidiary, CLR Roasters, will be shipping coffee earlier than anticipated for its recently entered 5-year sale and processing contract which is estimated to be worth $250 million. The first year of the contract was scheduled to start producing revenue in January of 2019. The first shipments are now expected for December 2018 due to earlier than normal harvest conditions in Nicaragua. "We have 8 million pounds of coffee now in our physical possession at our mills in Nicaragua and we anticipate that our inventory levels will reach…

TuesdayOct 02, 2018 11:34 am

NetworkNewsBreaks – NUGL Inc. (NUGL) Marketing Growth Figures Beat Expectations, Industry Standards

NUGL Inc. (OTC: NUGL), the cannabis industry’s new standard of technology, this morning announced that its marketing growth for user sign-ups and mobile app downloads has beaten expectations and outperformed industry standards for similarly situated technology start-ups. “We’re excited to report our September numbers far exceeded our expectations and well surpassed industry standards for growth,” Ryan Bartlette, CMO of NUGL, stated in the news release. “This month we focused on creating the blueprint for our marketing model. We wanted to prove concept and increase growth quickly and organically. We not only saw great returns on our initial spend but also…

TuesdayOct 02, 2018 11:20 am

NetworkNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Successfully Closes Acquisition of HemPoland

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) this morning announced the closing and approval from the Toronto Stock Exchange of its acquisition of HemPoland. In connection with the transaction, the company has paid $7.75 million in cash and has issued 1,968,323 restricted shares that will be escrowed for a term of three years from closing. There is also a contingent consideration of up to 3,047,722 deferred shares based on HemPoland achieving $32 million in EBITDA for the financial year 2021. TGOD will invest an additional $10.3 million in HemPoland to fund innovative product…

TuesdayOct 02, 2018 10:43 am

NetworkNewsBreaks – Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) Issues Response to DEA Rescheduling of CBD

Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF), a premium functional food and beverage company, this morning issued a response to the U.S. Drug Enforcement Administration’s recent decision to remove cannabis component cannabidiol from its Schedule I list of controlled substances. “We see this reclassification of CBD in pharmaceuticals as a good sign that will bolster the growing awareness of CBD as a substance that delivers many benefits, and opens the door for other CBD-based treatments, in line with the recent FDA approval of a drug to treat childhood epilepsy,” Jim Bailey, president and CEO of Phivida, stated in the news…

TuesdayOct 02, 2018 10:42 am

NetworkNewsBreaks – Marijuana Company of America Inc. (MCOA) Provides Update on JV CBD Hemp Operation in Oregon

Innovative hemp and cannabis corporation Marijuana Company of America Inc. (OTC: MCOA) this morning issued an update on its joint venture project with partner Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF) in Scio, Oregon. Per the update, harvest has commenced at the farm. During the next 10 days, the team will harvest this year’s crop consisting of roughly 36,000 high yielding CBD hemp plants that were grown in an orchard style cultivation on 33 acres. Following the harvest, the hemp will be dried in preparation for storage prior to processing. After the drying of this year’s crop is complete,…

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