NetworkNewsBreaks

TuesdayJul 30, 2019 10:39 am

NetworkNewsBreaks – Forty Seven, Inc. (NASDAQ: FTSV) Secures $86.3 Million in Underwritten Public Offering

Forty Seven (NASDAQ: FTSV), a clinical stage immuno-oncology company, has closed an underwritten public offering of 10,781,250 shares of its common stock, which includes 1,406,250 additional shares per the full exercise of the over-allotment option granted to the underwriters. According to the update, the offering resulted in gross proceeds of approximately $86.3 million to Forty Seven, Inc., with each of the shares sold at the public offering price of $8.00. ROTH Capital Partners acted as co-manager for the offering. To view the full press release, visit http://nnw.fm/yMP0J About Forty Seven, Inc. Forty Seven, Inc. is a clinical-stage immuno-oncology company that…

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TuesdayJul 30, 2019 10:12 am

NetworkNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Summarizes DehydraTECH(TM) Technology Licensees

Biotechnology company and drug delivery platform innovator Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP) today reported on its existing technology licensees that have entered definitive contracts to use its revolutionary DehydraTECH(TM) absorption technology within their existing and emerging brands. “The first half of 2019 delivered a period of unprecedented achievements for Lexaria. We signed more license agreements than ever before in our Company’s history, many of which were larger in scope than anything previous,” Lexaria Chief Executive Officer Chris Bunka said in the news release. “We also launched our brand-new business division Lexaria Nicotine which is disrupting nicotine delivery methods that…

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TuesdayJul 30, 2019 9:56 am

NetworkNewsBreaks – Sproutly Canada Inc. (CSE: SPR) (OTCQB: SRUTF) (FRA: 38G) Announces Q1 2020 Financial Results

Sproutly Canada (CSE: SPR) (OTCQB: SRUTF) (FRA: 38G) on Monday announced its financial results for the first quarter ended May 31, 2019. Among the updates, the company’s cash position was $3.85 million as of May 31, 2019; Toronto Herbal Remedies Inc. has received a Health Canada processing license; and the company entered into a definitive agreement with OCC Holdings Ltd., an affiliate of Moosehead Breweries Ltd, to form a joint venture. "We are off to a strong start in 2020 with the completion of our first quarter, which saw us sign the definitive agreement with Moosehead and make advancements in…

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TuesdayJul 30, 2019 9:41 am

NetworkNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Posts Updated Terms to Spring Oaks Acquisition

Green Growth Brands (CSE: GGB) (OTCQB: GGBXF), a lifestyle-oriented cannabis company, on Monday announced an amendment to the share purchase agreement dated June 3, 2019 with Spring Oaks Greenhouses, Inc. Per the amended agreement, GGBXF will acquire all of the issued and outstanding shares of capital stock of Spring Oaks. According to the amendment, the purchase price of $54,650,000 will be comprised of a previously paid deposit of $1,350,000; a cash payment of $2,000,000 at closing, subject to certain adjustments acknowledged in the agreement; a cash payment of $3,000,000 due on August 31, 2019; the issuance of 7,133,297 common shares…

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MondayJul 29, 2019 3:10 pm

NetworkNewsBreaks – Organigram Holdings Inc. (TSX.V: OGI) (NASDAQ: OGI) Increases Licensed Production Capacity

Organigram Holdings (TSX.V: OGI) (NASDAQ: OGI), parent company of Organigram Inc., a leading licensed producer of cannabis, recently obtained approval from Health Canada for the licensing of all of the company’s Phase 4A buildout plans, increasing its total licensed production capacity to 61,000 kg. per year (http://nnw.fm/30Wgt). An article discussing the company reads, “Once fully licensed and operational, the full Phase 4 expansion is expected to bring the company’s annualized target production capacity to approximately 113,000 kg. of dried-flower equivalents. . . . ‘Organigram’s continued expansion reflects ongoing growth in the cannabis marketplace, including increasing demand as new retail stores come…

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MondayJul 29, 2019 3:00 pm

NetworkNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Gains Approval for Listing of Debentures, Warrants on the CSE

Plus Products (CSE: PLUS) (OTCQX: PLPRF) recently announced the listing of its debentures and warrants from its brokered private placement on the Canadian Securities Exchange under ticker symbols ‘PLUS.DB’ and ‘PLUS.WT’ on July 2, 2019 (http://nnw.fm/h6aRG). An article discussing the company reads, “The warrants and debentures were part of a private placement that raised CA$25 million, with the funds to be used for working capital and other general corporate purposes. . . . The private placement of unsecured convertible note units closed on February 28 (http://nnw.fm/cN4Xn). The brokered private placement of 25,000 units of the company at a price of CA$1,000…

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MondayJul 29, 2019 1:15 pm

NetworkNewsBreaks – Sugarmade Inc. (SGMD) Leveraging Hydroponic Expertise to Target Rapidly Expanding Markets

Hydroponics supply company Sugarmade (OTCQB: SGMD) is utilizing its expertise to expand across market sectors and seize various opportunities as they arise. An article discussing the company reads, “Utilizing a narrowband Internet of Things (NB-IoT) technology, the company has created an AI-based hemp cultivation and agricultural monitoring system. This AI platform enables real-time tracking of field conditions that include soil moisture, temperature, humidity and more. It also provides intelligent recommendations to mitigate existing issues and thereby optimize yield (http://nnw.fm/1olJk). . . . The hydroponics market is growing, in large part due to the U.S. industrial hemp market and the rapidly expanding…

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MondayJul 29, 2019 12:22 pm

NetworkNewsBreaks – Trxade Group Inc. (TRXD) Reports Record Revenues, Increased Gross Profit and Operating Income in Q2 2019

Trxade Group (OTCQB: TRXD), an integrated pharmaceutical services company, today announced the company’s financial results for its second quarter, ended June 30, 2019, as well as provided a business update and positive outlook for the rest of 2019. Among the highlights, Trxade reported generating record revenues of $1,916,414 for second quarter 2019 compared to $837,688 for the same quarter last year. In addition, gross profit for the company increased to $1,163,276 from $837,688 and operating income increased to $132,705 from $31,446 in the quarter ending June 30, 2019 and 2018, respectively. The company attributes the increase in revenue primarily to…

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MondayJul 29, 2019 10:57 am

NetworkNewsBreaks – Mirum Pharmaceuticals, Inc. (NASDAQ: MIRM) Closes $75 Million IPO

Mirum Pharmaceuticals (NASDAQ: MIRM), a clinical-stage therapeutics company developing a novel approach for treating cholestatic liver diseases, has closed an initial public offering of 5,000,000 shares of its common stock. According to the update, the offering resulted in gross proceeds of $75 million for Mirum Pharmaceuticals, with shares sold at the public offering price of $15.00 each. The shares began trading on the Nasdaq Global Market under the symbol “MIRM” on July 18, 2019. ROTH Capital Partners acted as co-manager for the offering. To view the full press release, visit http://nnw.fm/EQFx9 About Mirum Pharmaceuticals, Inc. Mirum Pharmaceuticals, Inc. is a…

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MondayJul 29, 2019 10:34 am

NetworkNewsBreaks – SinglePoint, Inc. (SING) Provides Shareholder Update on Key Growth Initiatives: Solar, Hemp and Merchant Services

Technology and investment company SinglePoint (OTCQB: SING) this morning provided a shareholder update on key company initiatives. Per the update, SinglePoint’s most recent Direct Solar acquisition has been a major success and is fundamentally changing SING’s underlying structure and building a solid financial base for the company’s continued growth and acquisitions. Direct Solar has exceeded expectations and is providing opportunities such as commercial solar applications and renewable energy financing solutions. “The traction we have experienced so far has been amazing,” Direct Solar CEO Founder Pablo Diaz stated in the news release. “We are thrilled for the achievements we have accomplished…

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