NetworkNewsBreaks

ThursdayAug 29, 2019 12:47 pm

NetworkNewsBreaks – Grapefruit Boulevard Investments Inc. (IGNG) Dedicated to Offering High-Quality Cannabis Products

California-based Grapefruit Boulevard Investments, a wholly owned subsidiary of Imaging3 (OTCQB: IGNG), is devoted to offering high-quality cannabis products. An article discussing the company reads, “Grapefruit’s dedication to quality and service means that, in addition to being able to offer a large and diverse inventory of superior cannabis products that can be delivered within 24 hours of order, the company’s wholesale distribution arm will also offer high-quality, competitively priced raw materials to other manufacturers and distributors. Grapefruit’s extraction lab produces high-quality distillate or ‘honey oil,’ a universal product used in everything from infused edibles and tinctures/creams to the ‘fuel’ used…

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ThursdayAug 29, 2019 11:11 am

NetworkNewsBreaks – Seelos Therapeutics, Inc. (NASDAQ: SEEL) Closes $6.7 Million Offering

Clinical-stage biopharmaceutical company Seelos Therapeutics (NASDAQ: SEEL) has closed a sale of 4,475,000 shares of common stock with certain institutional investors. According to the update, the offering resulted in approximately $6.7 million in total gross proceeds, with each of the shares sold at a price of $1.50. The company has also agreed to issue the investors, in a concurrent private placement, unregistered warrants to purchase up to 2,237,500 shares of common stock. The warrants have an exercise price of $1.78 per common stock share and will be exercisable six months and expire four years from the date of issuance. Seelos…

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ThursdayAug 29, 2019 10:27 am

NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Announces Positive Progress on Plant Expansion Permit

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), a fully integrated surface oil sands mining oil company with proprietary technology‎, today announced the ending of the 30-day comment period for its 3,000 barrel per day expansion permit, indicating that the State of Utah, Department of Oil, Gas, and Mining Division (“UDOGM”) did not receive any comments on the company’s Significant Revision Notice of Intent (“NOI”). Based on the July 23, 2019 tentative approval letter and since no comments were received, the UDOGM has indicated that it can now formally approve Petroteq’s proposed expansion NOI, contingent on final modification of the reclamation contract…

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ThursdayAug 29, 2019 10:20 am

NetworkNewsBreaks – VPR Brands LP (VPRB) Designated as Exclusive Vendor for JUST Brands in New Line of Vape Batteries

Innovative technology holding company VPR Brands LP (OTCQB: VPRB) this morning announced that it was designated as the exclusive vendor to design and manufacture vape batteries for JUST Brands, most commonly known for JUST CBD. According to the update, the new line will be known as JUST Batteries and will build out a comprehensive high-quality assortment of vaporizer batteries. “JUST Brands hit it out of the park with their JUST CBD brand, and the new battery and vape line will be a nice addition to fill out their offering to their distribution channels,” Kevin Frija, CEO of VPR Brands LP,…

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ThursdayAug 29, 2019 9:40 am

NetworkNewsBreaks – Geyser Brands Inc. (TSX.V: GYSR) Releases Q1 Financial Results, Provides Solace Acquisition Update

Geyser Brands (TSX.V: GYSR) this morning released its first quarter financial statements for the three months ended June 30, 2019. According to the update, the company generated its first revenues of $79,434 during the quarter and reported $64,690 in gross profit, representing an 81 percent gross profit margin. In addition, Geyser Brands announced that, in connection with its conditional approval of the Solace Management Group Inc. acquisition, it is submitting all information to the TSX Venture Exchange for review. “We have begun to operationalize our manufacturing and processing capabilities, generating our first revenues during Q1,” GYSR CEO Andreas Thatcher said…

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ThursdayAug 29, 2019 9:32 am

NetworkNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Posts Q2 2019 Financial and Operating Results

VIVO Cannabis (TSX.V: VIVO) (OTCQX: VVCIF) on Wednesday announced financial and operating results for the second quarter 2019. Among other highlights, the company reported net revenue of $5.3 million in the quarter, representing a five-fold increase from the same period last year. The company’s senior management will be hosting a conference call to discuss the results today, August 29 at 10:00 AM ET. To join the call, dial 647-427-7450 or 1-888-231-8191 using the conference ID 4479716. “The progress our team has made on all four of our strategic priorities positions us well for future growth,” VIVO CEO Barry Fishman stated…

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WednesdayAug 28, 2019 3:07 pm

NetworkNewsBreaks – Sugarmade Inc. (SGMD) Tackles Hemp Cultivation in Kentucky via Hempistry Investment

Sugarmade (OTCQB: SGMD), one of the largest publicly traded hydroponics supply companies moving into the industrial hemp space, has started hemp cultivation in Madison County, Kentucky, by exercising its investment option in Hempistry Inc. An article discussing the company reads, “Sugarmade CEO Jimmy Chan said in a news release (http://nnw.fm/3uPp6) that SGMD has ‘multiple options for growth, while (its) recently effective S-1 filing expands (Sugarmade’s) ability to finance the many initiatives in front of the company.’ SGMD is exploring the next generation of hemp-processing technology. The intersection of rising demand and the legal relief provided by the passage of the 2018…

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WednesdayAug 28, 2019 2:53 pm

NetworkNewsBreaks – Earth Science Tech Inc. (ETST) Aims to Expand Manufacture, Marketing of CBD Products

In its recent 10-K annual report filed with the SEC, Earth Science Tech (OTCQB: ETST) summarized a five-year plan that includes the expansion of manufacturing and marketing of its CBD products. An article discussing the company reads, “The report details a strategy of creating ETST’s proprietary line of CBD hemp extracts through a gentle and natural process that utilizes a super-critical extraction process using CO2 compression, isolation and micron filtration (http://nnw.fm/sXqz2). . . . The result is high-grade, CBD-rich hemp oil and other CBD products that have additional natural molecules. ETST’s highly technical extraction process creates pure, easily digested, rich…

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WednesdayAug 28, 2019 2:23 pm

NetworkNewsBreaks – INmune Bio Inc. (NASDAQ: INMB) Reports Positive Q2 2019 Financial Results

INmune Bio (NASDAQ: INMB), an immunology company focused on developing treatments that harness the patient’s innate immune system to fight disease, recently reported financial results for the second quarter ended June 30, 2019 (http://nnw.fm/KnIw1). An article discussing the company reads, “Apart from announcing strategic developments, INmune Bio also presented its most important financial results for the second quarter. Net loss attributable to common stockholders for the second quarter was $0.4 million, in comparison to $6.2 million for the same quarter of 2018. Research and development expenditure remained unchanged at $0.3 million. The total research and development expenditure was $0.6 million, but…

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WednesdayAug 28, 2019 2:10 pm

NetworkNewsBreaks – Spectrum Global Solutions Inc. (SGSI) Subsidiaries Prepared for 5G Rollout

Spectrum Global Solutions (OTCQB: SGSI), together with its subsidiaries, provides end-to-end market offerings for communications networks. SGSI is well positioned to help shape the future as the rollout of 5G-speed networks approaches. An article discussing the company reads, “Spectrum Global is a holding company operating as an end-to-end telecommunications network service provider whose subsidiaries play key roles in the design, construction and maintenance of both wireless and wireline projects for carriers, aggregators, enterprise services, project management offices (PMOs) and original equipment manufacturers (OEMs) of all sizes, including well-known names such as Ericsson, Nokia, Sprint, AT&T and Verizon. . . .…

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