NetworkNewsBreaks

FridayMay 15, 2020 12:30 pm

NetworkNewsBreaks – Ely Gold Royalties Inc. (TSX.V: ELY) and Co-Lead Agents Upsize Brokered Private Placement

Ely Gold Royalties (TSX.V: ELY) recently announced that, due to investor demand in connection with its previously announced marketed private placement, the company and a syndicate of agents led by Clarus Securities Inc. and Mackie Research Capital Corp. (the "co-lead agents") have agreed to increase the size of the previously announced offering to C$15,000,000 at a price of C$0.80 per unit. According to the update, the company will additionally grant the co-lead agents an over-allotment option to sell an additional 2,812,500 units, exercisable in whole or in any part, for a period of 30 days from and including the closing…

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FridayMay 15, 2020 12:25 pm

NetworkNewsBreaks – Neovasc Inc. (NASDAQ: NVCN) (TSX: NVCN) Featured in Channelchek Research Report, Releases Q1 2020 Financial Results

Neovasc Inc. (NASDAQ: NVCN) (TSX: NVCN) was featured in an April Research Report published by Channelchek. The report, titled, “Two Breakthrough Medical Technologies for Cardiovascular Markets,” details two Neovasc products, including Tiara for the transcatheter treatment of mitral valve disease and the Neovasc Reducer for the treatment of refractory angina. The report reads, “Neovasc is seeking FDA approval to commercialize the Reducer for the treatment of refractory angina in the United States. Patients suffering from refractory angina, a debilitating disease characterized by chronic chest pain, do not have any effective therapeutic options. The Reducer, commercially available in Europe, but not…

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FridayMay 15, 2020 11:25 am

NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Joins AWARD Consortium for Development of Autonomous Heavy-Duty Vehicles

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced that it has joined the All Weather Autonomous Real logistics operations and Demonstrations (“AWARD”) consortium. According to the update, the AWARD consortium submitted an application to the European Commission (“Horizon 2020”) to win funding for a large-scale project aimed at bringing disruptive change to the trucking industry, fleet operators and the entire logistics sector. The grant is expected to total 20 million Euro, of which Foresight is expected to receive approximately one million USD. The project will be rolled out in 2021 for a period…

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FridayMay 15, 2020 11:19 am

NetworkNewsBreaks – Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Financial Results for Q3 2020

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced its financial and operating results for the three and nine months ended March 31, 2020. “In our third quarter, we made significant progress towards our goal of improving the company's cost structure while creating opportunities for near-term revenue growth. Although much of this progress is not reflected in our Q3 financial results, we did begin to see the early impacts of our rightsizing and revenue generation efforts,” Colin Moore, who recently served as interim president and CEO of Supreme Cannabis, stated in the news release. “Excluding restructuring charges, we…

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FridayMay 15, 2020 10:24 am

NetworkNewsBreaks – VIVO Cannabis Inc. (TSX: VIVO) (OTCQX: VVCIF) Announces Results for Q1 2020

VIVO Cannabis (TSX: VIVO) (OTCQX: VVCIF) on Thursday released its first quarter 2020 financial and operating results. Among the highlights, the company reported an increase in net revenue to $8.2 million. “Our positive first quarter 2020 results were fueled by a net revenue increase of 24% compared with the previous quarter,” VIVO CEO Barry Fishman said in the news release. “Several of our Canna Farms(TM) and Fireside(TM) cannabis 2.0 products are showing strong momentum, and the VIVO team continued to execute well on plans related to our four strategic priorities, despite COVID-19 related challenges. In April, we started planting in…

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FridayMay 15, 2020 10:18 am

NetworkNewsBreaks – Grey Cloak Tech Inc. (GRCK) Introduces Proprietary Ketogenic Solution for Brain Health – F4T(TM)

Grey Cloak Tech (OTC: GRCK), engaged in proprietary development of natural plant-based formulations, sales and distribution of cardiovascular and neuro products, on Thursday introduced its proprietary F4T(TM) formulation, a natural ketogenic solution clinically proven to deliver metabolic energy to the brain to improve attention, cognition, memory and analytical and executive function. According to the update, F4T(TM) was developed by Grey Cloak Tech’s Ultimate Brain Nutrients (“UBN”) subsidiary and is the end-result of more than 40 iterations and several years of stringent development. “I am excited to announce our proprietary F4T(TM) formulation, which will be the foundation for studies, products and…

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FridayMay 15, 2020 9:31 am

NetworkNewsBreaks – Sigma Labs, Inc. (NASDAQ: SGLB) Releases Q1 2020 Financial Results

Sigma Labs (NASDAQ: SGLB), a leading developer of quality assurance software for the additive manufacturing industry, on Thursday reported its financial and operational results for the first quarter ended March 31, 2020. Among the highlights, the company announced several key contract wins to further validate its technology. “The first quarter of 2020, even amongst the various COVID-19 related headwinds, positioned us for an exciting year in the commercialization of PrintRite3D,” Sigma Labs president and chief executive officer Mark K. Ruport stated in the news release. “Although we had some short-term impact on our business in March, we are cautiously optimistic…

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FridayMay 15, 2020 9:22 am

NetworkNewsBreaks – Delta 9 Cannabis Inc. (TSX: DN) (OTCQX: VRNDF) Posts Q1 2020 Financial Results, Hosts Conference Call

Delta 9 Cannabis (TSX: DN) (OTCQX: VRNDF) on Thursday reported financial and operating results for the three months ending March 31, 2020. Among other highlights from the first quarter 2020, the company reported operating revenues of $11.75 million for the period, representing an increase of 109% from $5.63 million for the same quarter of the previous year. Delta 9 CEO John Arbuthnot and CFO Jim Lawson hosted a conference call to discuss the results on May 15 at 9:00 AM ET. A replay of the call will be available until August 15, 2020. To listen to the replay, dial 1-877-674-6060…

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ThursdayMay 14, 2020 3:29 pm

NetworkNewsBreaks – USA Technologies, Inc. (USAT) Reduces Executive Management Salaries, Announces CEO Inducement Grant

USA Technologies (OTC: USAT), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, on Wednesday announced that it has reduced the base salaries of its named executive officers and other members of the company’s senior leadership team by 20% in response to the global COVID-19 pandemic. The salary reductions are effective as of May 11, 2020 and are anticipated to last through December 31, 2020. In addition, USAT announced that on May 8, 2020 it awarded CEO Sean Feeney a one-time option to purchase up to 1,000,000 shares of the company’s common…

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ThursdayMay 14, 2020 2:18 pm

NetworkNewsBreaks – BetterMed Expanding Medical Loan Services to Help Keep “Lifeblood of the Economy” Afloat in Wake of Pandemic

BetterMed, the compassionate-first medical financial assistance company, today announced that it is expanding its medical loan services to include comprehensive financial assistance in the wake of the COVID-19 pandemic. According to the update, individuals, for a limited time, can apply for a zero-interest loan guaranteed for the life of the loan, with no payments required for the first year and up to 30 years to repay. Well-known for compassionate medical financing, BetterMed, amid the pandemic, wants to provide to individuals and small businesses a practical way to stay on their feet during turbulent financial times. “We work with over 12,000…

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