NetworkNewsBreaks

FridayJan 17, 2020 10:53 am

NetworkNewsBreaks – Sugarmade, Inc. (SGMD) Rescinds Agreement, Considering Opportunities it Views as Superior

Sugarmade (OTCQB: SGMD), today announced the rescission of an agreement to acquire a hydroponic equipment supplier and, in a filing with the U.S. Securities & Exchange Commission, outlines that approximately 1.2 billion common share equivalents will be returned to the company’s treasury. According to the update, Sugarmade’s board of directors has determined that the business combination is no longer viewed as the best shareholder maximization strategy and is considering numerous other opportunities that it believes are superior. “The hydroponic transaction was proposed more than two years ago and since that time the industry has changed significantly. Simply Put - We…

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FridayJan 17, 2020 10:22 am

NetworkNewsBreaks – MCTC Holdings, Inc. (MCTC) Announces Filing of 6th Patent for Hemp Extract Delivery on CBD Coffee Pods, Delivery System

MCTC Holdings (OTC: MCTC), a cannabinoid science forward company developing unique infusion technologies and cannabinoid delivery systems, today announced the filing of a patent for single-serving coffee pods containing cannabinoids and for a unique dosing system. According to the update, the system is MCTC’s sixth patent in the field of cannabinoid delivery and allows manufacturers to simply and easily add cannabinoids or other active ingredients to coffee pods. “The patent filing broadly outlines a variety of methods and technologies to be used for adding cannabinoids to single-serving coffee pods,” MCTC Holdings CEO Arman Tabatabaei said in the news release. “Our…

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FridayJan 17, 2020 9:27 am

NetworkNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Provides Update on Portfolio Companies

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, this morning provided an update regarding recent announcements from its portfolio companies High Beauty, Inc., TerrAscend Corp. (CSE: TER), YSS Corp. (TSX.V: YSS) and James E. Wagner Cultivation Corp. (TSX.V: JWC) (OTCQX: JWCAF). Per the update, High Beauty will remember 2019 as the year it expanded its retail presence across the U.S., Canada, and Europe. YSS Corp. and James E. Wagner Cultivation Corp. are currently assessing opportunities to increase their retail footprint in Canada, while TerrAscend is taking steps to build out its U.S. operations in 2020.…

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ThursdayJan 16, 2020 3:20 pm

NetworkNewsBreaks – Sigma Labs Inc. (NASDAQ: SGLB) President, CEO Discusses Disruptive 3D Metal-Printing Technology in NNW Interview

John Rice, president and CEO of Sigma Labs (NASDAQ: SGLB), a leading developer of quality-control software for the commercial 3D-printing industry, recently discussed the company’s novel technology in a NetworkNewsAudio interview with Stuart Smith. An article discussing the company reads, “While Rice acknowledges that today ‘disruption’ is an overused term among industry practitioners and academics alike, the SGLB CEO notes that 3D printing is a disruptive technology that revolutionizes the way items — everything from consumer products to heavyweight industrial machinery — are created. SGLB technology will help reconfigure how factories operate in the future, transforming the facilities into Internet…

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ThursdayJan 16, 2020 3:15 pm

NetworkNewsBreaks – Zacks Small Cap Research Issues Update, Maintains Price Target on Pressure BioSciences Inc. (PBIO)

Pressure BioSciences (OTCQB: PBIO), a leader in the development and sale of broadly enabling, pressure-based instruments, consumables and platform-technology solutions to the life sciences and other industries, was recently covered in a research report by Zacks Small Cap Research, a division of Zacks Investment Research. Among other highlights, Zacks maintained its $4.44 share price target on shares of PBIO. An article discussing the company reads, “The Zacks report (http://nnw.fm/4RMgj) points to demand that ‘is expected to accelerate starting in 2020,’ which nonetheless follows many years of consistent yearly revenue increases by PBIO. The company itself is standing by its stated…

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ThursdayJan 16, 2020 2:59 pm

NetworkNewsBreaks – Sharing Services Global Corporation (SHRG) Reports Record Q2 Revenues

Diversified holdings company Sharing Services Global Corporation (OTCQB: SHRG) recently reported record Q2 revenues and cumulative sales of $169 million since launching products through its Elevacity LLC subsidiary (http://nnw.fm/f6mDM). An article discussing the company reads, “Specifically, the company reported record-breaking revenues of $38.9 million for its fiscal quarter ended October 31, 2019, more than double the $18 million revenues reported in the comparable quarter of fiscal 2019. . . . ‘Product sales for our incredible health and wellness products of Elevacity Global continue to be strong, consistently increasing each quarter,’ SHRG CEO John ‘JT’ Thatch stated in a news release. ‘Our…

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ThursdayJan 16, 2020 2:53 pm

NetworkNewsBreaks – Xalles Holdings Inc. (XALL) Enters Share Exchange Agreement to Acquire Gateway Innovations Ltd.

Fintech holding company Xalles Holdings (OTC: XALL) today announced the execution of a share exchange agreement to acquire Gateway Innovations Limited, a Ghana-based company investing in the fintech and information technology market in Africa. Per the agreement, Gateway will become a wholly owned subsidiary of XALL in exchange for restricted shares in the company. The agreement specifies a February 14, 2020 closing date for the transaction. Additional details of the projects will be released following the Closing event. “We are pleased to announce this acquisition as a step towards establishing a series of strategic global fintech centers and even more…

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ThursdayJan 16, 2020 2:18 pm

NetworkNewsBreaks – Rapid Nutrition (RAP: SW) (OTCQB: RPNRF) Issues Update Detailing Achievements During the Last Six Months of 2019

Rapid Nutrition (RAP: SW) (OTCQB: RPNRF), a natural healthcare company focused on the research, development, and production of a range of life science products, on Monday announced a trading update for the six months ended December 31, 2019. Among other highlights, the company reported that it generated revenues of $1.78 million during the second half of 2019, obtained two significant sales contracts from GNC & Sigma, and increased its global distribution footprint. Rapid Nutrition will publish its half-year report on March 30th, 2020. “The Board believes there are significant opportunities to grow the business organically and through acquisitions. Our focus…

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ThursdayJan 16, 2020 12:07 pm

NetworkNewsBreaks – Mirum Pharmaceuticals, Inc. (NASDAQ: MIRM) Closes $48M Follow-On

Mirum Pharmaceuticals (NASDAQ: MIRM), a biopharmaceutical company concentrating on the development and commercialization of novel therapies for debilitating liver diseases, recently closed an underwritten public offering of 2,400,000 shares of its common stock. Sold at a price of $20.00 each, the offering resulted in gross proceeds of $48 million. Additionally, the company granted the underwriters a 30-day option to purchase up to 360,000 shares at the public offering price of $20.00 per share. ROTH Capital Partners served as co-manager for the offering. To view the full press release, visit http://nnw.fm/5xnIc About Mirum Pharmaceuticals, Inc. Mirum Pharmaceuticals, Inc. is a clinical-stage…

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ThursdayJan 16, 2020 10:00 am

NetworkNewsBreaks – Siyata Mobile Inc. (TSX.V: SIM) (OTCQX: SYATF) Enters Swedish Market with Launch of UV350, Receives First Purchase Order

Siyata Mobile (TSX.V: SIM) (OTCQX: SYATF) today announced its launch of the UV350 dedicated in-vehicle IoT device in Sweden and receipt of its first purchase order to supply heavy trucks, forestry, logistic companies, and more. Per the update, Siyata anticipates further launches in additional countries in 2020. “We are very pleased to enter into the Swedish market with our Uniden UV350 dedicated in-vehicle IoT device,” Siyata Mobile CEO Marc Seelenfreund said in the news release. “This represents an excellent European market for Siyata, as Swedish commercial vehicle owners look to migrate and augment single purpose hardware to the endless functionality…

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