NetworkNewsBreaks

FridayMay 10, 2019 3:17 pm

NetworkNewsBreaks – Hemptown USA Anticipates Momentous Growing Capacity Expansion

Hemptown USA, a proven grower of full-spectrum hemp biomass, plans to substantially increase its growing capacity from 110 acres in 2018 to anywhere from 1,000 to 1,500 acres in 2019. Hemptown founder and chairman Rod Wolterman discussed the expansion in a recent CFN interview (http://nnw.fm/tFyV4). An article further discussing the company reads, “This announcement is in line with the Hemptown USA growth strategy. By 2020, the company expects to boost its hemp farming footprint to 2,500 acres located in several states. In addition, more emphasis will be placed on increasing the in-house CBD and CBG extraction capabilities. Through strategic partnerships, the…

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FridayMay 10, 2019 2:38 pm

NetworkNewsBreaks – Sugarmade Inc. (SGMD) Plans Expansion to Meet Rising Need Amid Kentucky Hemp Boom

A major supplier to the growing hydroponic cultivation sector, Sugarmade (OTCQB: SGMD) is planning a significant expansion of its hemp-cultivation product supplies to assist hemp farmers in Kentucky who are struggling to meet the rising demand for their crop. A recent article discussing the legislation reads, “Jimmy Chan, CEO of SGMD, noted in a news release his belief that hundreds of millions of hemp clones will be needed in that state to keep pace (http://nnw.fm/9CdgW). . . . According to Chan, the hemp industry will require plant clones for cultivation to meet future demand. He cited farmers in Kentucky facing the…

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FridayMay 10, 2019 2:37 pm

NetworkNewsBreaks – Mustang Bio, Inc. (NASDAQ: MBIO) Closes $31.6M Public Offering

Mustang Bio (NASDAQ: MBIO), a clinical-stage biopharmaceutical company focused on translating today’s medical breakthroughs in cell and gene therapies into potential cures for hematologic cancers, solid tumors and rare genetic diseases, recently closed its underwritten public offering of 7,906,250 shares of common stock at a price of $4.00 each, which includes 1,031,250 additional shares in accordance with the full exercise of the over-allotment option. The company intends to use the gross proceeds of approximately $31.6 million toward the continued development of its product candidates, the possible development, in-license, acquisition and commercialization of other pharmaceutical products and for general corporate purposes.…

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FridayMay 10, 2019 1:49 pm

NetworkNewsBreaks – Geyser Brands Inc. (TSX.V: GYSR) Anticipates Massive Yield Increase for Third Harvest

Consumer healthcare company Geyser Brands (TSX.V: GYSR) recently announced its successful first test harvest and second harvest as a cannabis cultivator in accordance with Health Canada’s license to cultivate. The company anticipates a 200% yield increase over the first two harvests for its third harvest, which is currently in the ground. A recent article discussing the company reads, “Geyser Brands is a British Columbia-based company producing consumer health care products and brands through a formulation laboratory focused on enhancing the bioavailability and shelf stability of all-natural, hemp-derived cannabidiol (CBD) products. The company’s proprietary NanoFusion technology is at the heart of…

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FridayMay 10, 2019 12:59 pm

NetworkNewsBreaks – QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) Continues Exploration at Property in Area Known to Contain Spodumene

Quantum Minerals (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) is continuing exploration efforts at its Irgon Mine property, which is located in a region known for hosting spodumene and rare-element-bearing pegmatites. An article discussing the company reads, “Spodumene is a lithium-bearing silicate mineral that occurs in geochemically enriched granitic pegmatites, and QMC’s hard rock exploration has focused on the possibility of new commercial-level production at a site with a historical estimate calculated over 50 years ago to be 1.2 million tons grading 1.51 percent lithium oxide over a strike length of 365 meters (1,197.5 feet) and to a depth of 213…

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FridayMay 10, 2019 12:47 pm

NetworkNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Anticipates Upsurge in Production Capacity

Canadian-licensed producer the Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) expects construction at its cultivation facility to be complete by the third quarter of 2019, rising its annual production capacity to 10,000 kilograms. An article discussing the company reads, “The Flowr cultivation facilities feature proprietary, patent-pending systems designed to consistently generate high crop yields. The 84,000-square-foot flagship Kelowna 1 facility is located on a seven-acre property in Kelowna, British Columbia. The facility is engineered to meet pharmaceutical industry production standards for cleanliness. . . . Currently, 10 of the Kelowna 1 grow rooms are licensed for use. Eight rooms are propagated…

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FridayMay 10, 2019 12:28 pm

NetworkNewsBreaks – Sproutly Canada Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) Employs Proprietary Technology to Launch Cannabis Beverage JV

Sproutly Canada (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) recently entered a joint venture (“JV”) with Moosehead Breweries to launch a cannabis-infused beverage line in Canada. An article discussing the partnership reads, “The joint venture’s product line will utilize Sproutly’s proprietary Infuz2O water-soluble cannabis formulation to create a truly natural cannabis beverage experience that serves as an alternative to alcoholic products. The Infuz2O technology is expected to grant the beverages a rapid onset and offset time similar to traditional flower cannabis, for an immediate, controllable and good-tasting recreational cannabis experience lasting up to 90 minutes. Traditional cannabis oils, on the other…

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FridayMay 10, 2019 10:41 am

NetworkNewsBreaks – NetworkNewsWire to Provide Coverage, Share Expertise at B. Riley FBR’s Premier Investment and Networking Event

Multifaceted financial news and publishing company NetworkNewsWire (“NNW”) will serve as a Media and Platinum Sponsor for B. Riley FBR’s 20th Annual Institutional Investor Conference. The two-day, invitation only premier investment and networking event will be held at the iconic Beverly Hilton Hotel from May 22 to 23, 2019, and is expected to attract record attendance from private companies, institutional investors, high-net worth individuals and corporate clients. B. Riley FBR, Inc., a wholly-owned subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY), is a leading full service investment bank that, for two decades, has been hosting its institutional investor conference while…

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FridayMay 10, 2019 10:18 am

NetworkNewsBreaks – Uber Technologies, Inc. (NYSE: UBER) Announces Pricing of IPO

Uber Technologies (NYSE: UBER) this morning announced the pricing of its initial public offering of 180,000,000 common stock shares, each at a price of $45.00 to the public. Per the update, underwriters were granted a 30-day option to purchase up to an additional 27,000,000 shares from certain selling stockholders at the initial public offering price less underwriting discounts and commissions. Uber will not receive proceeds from any sale of shares by the selling stockholders. The shares are expected to begin trading on the New York Stock Exchange, under the symbol “UBER,” on May 10, 2019. Subject to customary conditions, the…

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FridayMay 10, 2019 9:46 am

NetworkNewsBreaks – Spectrum Global Solutions, Inc. (SGSI) Eliminates Over $3M in Convertible Debt

Leading telecommunications engineering and infrastructure services provider Spectrum Global Solutions (OTCQB: SGSI) on Thursday announced that it has forced the conversion into common stock of over $3.67 million in convertible seller notes issued in 2017 and 2018.  According to the update, the effect of the conversion was to both reduce debt and accrued interest, as well as increase the company’s shareholder net equity as it prepares to apply for NASDAQ uplisting. “These seller notes have had a toxic impact on our stock price in recent months as portions of the notes were sold at a discount to face value and…

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