NetworkNewsBreaks

MondayJun 29, 2020 2:50 pm

NetworkNewsBreaks – Allied Esports Entertainment Inc. (NASDAQ: AESE) Completes $9M Senior Secured Convertible Notes Refinance

Allied Esports Entertainment (NASDAQ: AESE), a global esports entertainment company, has successfully refinanced the company’s outstanding short-term debt. According to the update, Allied Esports Entertainment held $14 million of convertible debt obligations on its balance sheet, as of March 31, 2020, which were scheduled to mature on August 23, 2020. As a result of the transactions detailed in the update, Allied Esports Entertainment now holds a principal debt balance of $13 million with maturities ranging 20-24 months from June 8, 2020. “With the completion of these transactions, Allied Esports Entertainment has significantly improved its liquidity position and has now addressed…

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MondayJun 29, 2020 1:26 pm

NetworkNewsBreaks – Podcast Popularity Continues to Increase

A significant new trend was featured in a recent analysis report that discussed podcasts and their growing popularity. The report, written by LikeFolio Founder Andy Swan, reads, “It seems like everywhere you turn, people are starting podcasts and subscribing to podcasts.. what does the data say? LikeFolio data confirms mentions of streaming, listening to, or subscribing to a podcast increased 30% in the last 90 days vs. the prior year.” Swan also discussed this trend recently on the TD Ameritrade Network. To view the full video, visit http://nnw.fm/0bLa8 About LikeFolio LikeFolio analyzes social media data to accurately predict shifts in…

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MondayJun 29, 2020 1:02 pm

NetworkNewsBreaks – Wrap Technologies, Inc. (NASDAQ: WRTC) Secures New Follow-On Order for Major Police Force

Wrap Technologies (NASDAQ: WRTC), an innovator of modern policing solutions, today announced its receipt of a new follow-on order for 21,600 additional BolaWrap cartridges for the Indonesia National Police force. The Company previously reported the fulfillment of an initial order of devices and cartridges placed by its distributor in Indonesia at the end of 2019. Following successful BolaWrap demonstrations across the country, the Company's distributor recently secured a contract with the Indonesian National Police force. "We are very pleased to see both new international orders and follow-on orders such as this one for a major police force," Tom Smith, president…

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MondayJun 29, 2020 12:38 pm

NetworkNewsBreaks – PowerBand Solutions Inc.’s (TSX.V: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) Platform to be Promoted to Auto Dealers Across the US

PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) today announced that Comprehensive Auto Resources Company, Inc. ("CARco"), one of the United States' leading administrators of automobile protection products, will be promoting PowerBand's virtual transaction platform to auto dealers across the United States. Per the update, CARco is joining with Texas-based D&P Holdings, Inc. ("D&P"), which has partnered with PowerBand to offer consumers a wide range of vehicle protection products and warranties on the PowerBand virtual transaction platform. "We believe PowerBand is offering a ground-breaking way for consumers and dealers to buy, sell, lease and trade vehicles," CARco president and CEO…

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MondayJun 29, 2020 12:19 pm

NetworkNewsBreaks – Jerrick Media Holdings Inc. (JMDA) Announces Strategic Expansion of Leadership Team

Jerrick Media Holdings (OTCQB: JMDA), a technology company and the parent company of Vocal, today announced the appointment of three new executives to its leadership team. According to the update, the Company named Chelsea Pullano as chief financial officer (“CFO”), effective immediately. In addition, upon Jerrick's planned NASDAQ uplisting this summer, Danielle Banner will be formally named chief revenue officer (“CRO”) and Robby Tal as chief strategy officer (“CSO”). "As we head into our shareholder meeting, we have assembled the right team to manage our transition from the OTCQB to the NASDAQ Capital Markets,” Jerrick's president and Head of Product…

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MondayJun 29, 2020 11:58 am

NetworkNewsBreaks – Genprex, Inc. (NASDAQ: GNPX) Joins Russell 3000(R) Index

Genprex (NASDAQ: GNPX), a clinical-stage gene therapy company developing potentially life-changing technologies for patients with cancer and diabetes, today announced that it was added to the Russell 3000(R) Index after the market closed on Friday, June 26, 2020 as part of the 2020 Russell U.S. Indexes reconstitution. "Genprex is excited to be a member of the Russell 3000 Index, and we look forward to sharing our story and unique approaches for the treatment of lung cancer and diabetes with a wider group of investors,” Rodney Varner, chairman and CEO of Genprex, stated in the news release. “We believe the Company’s…

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MondayJun 29, 2020 11:31 am

NetworkNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Announces Completion of Non-Dilutive Share Exchange Transaction, Share Structure Update

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis and hemp branded products company in the U.S., today announced the completion of a non-dilutive share exchange transaction (the “Transaction”), under which an existing Company shareholder exchanged 75,500 Common Shares for 15,100,000 newly created Class B Common Shares (the “Class B Subordinate Voting Shares”), on the basis of 200 Class B Subordinate Voting Shares for each Common Share. Per the update, the aggregate value of the exchanged Common Shares (CAD$0.7405 per share, representing an aggregate value of CAD$55,907.75) was equivalent to the aggregate value of the newly issued Class B Subordinate Voting…

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MondayJun 29, 2020 11:08 am

NetworkNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Announces Expiry of Forbearance Agreement with Green Ops

Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) on Friday announced the expiration of the forbearance period (“Forbearance Period”) pursuant to the terms of the forbearance agreement (the “Forbearance Agreement”) with Green Ops Group LLC (“Green Ops”) previously announced on May 20, 2020.  Per the update, the expiration of the Forbearance Period entitles Green Ops to exercise any and all of its rights under the loan documents and applicable law, and GGB is precluded from contesting any such enforcement action under a separate Voluntary Surrender of Collateral in Satisfaction of Debt and Release Agreement among the parties. To view the full…

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MondayJun 29, 2020 10:37 am

NetworkNewsBreaks – SRAX Inc. (NASDAQ: SRAX) Announces Significant Growth of Its Investor Intelligence and Communications Platform

SRAX (NASDAQ: SRAX), a digital marketing and consumer data management technology company, today announced that its investor intelligence and communications platform, Sequire, has surpassed 500,000 active investors and traders while sales have exceeded $2.5 million in Q2 2020. According to the update, Sequire has shown rapid growth since its early 2019 launch, expanding its client base to over 75 publicly traded companies in the U.S. and Canada. “On Thursday, we announced a capital raise of $13M, which we will use in part to fund the rapid expansion of Sequire,” Christopher Miglino, founder and CEO of SRAX, stated in the news…

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MondayJun 29, 2020 10:08 am

NetworkNewsBreaks – VIVO Cannabis Inc. (TSX: VIVO) (OTCQX: VVCIF) Issues Update on Adult-Use Products

VIVO Cannabis (TSX: VIVO) (OTCQX: VVCIF), a leading provider of premium cannabis products and services and holder of licenses under the Cannabis Act through its wholly-owned subsidiaries, Canna Farms Limited, ABcann Medicinals Inc. and Harvest Medicine Inc., today provided an update on its adult-use cannabis products. According to the update, VIVO recently made initial shipments of its Fireside X shatter product to several provincial wholesalers, representing its second significant concentrates product format launch with an expected significant contribution to the Company's revenue. "I am pleased to announce that our early shatter sales have exceeded our expectations. We have shipped to…

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