NetworkNewsBreaks

WednesdayMar 20, 2019 9:52 am

NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Closes Public Offering of 4.1M American Depositary Shares

Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) on Tuesday announced the closing of an underwritten public offering of 4,100,000 American Depositary Shares (“ADSs”), which includes 100,000 ADSs sold pursuant to a partial exercise by the underwriters of the underwriters’ over-allotment option, each at a price to the public of $1.50 per ADS. According to the update, the company’s gross proceeds from this offering are expected to be approximately $6.2 million, of which it intends to use the net proceeds for general corporate purposes. Foresight has granted underwriters a 45-day option to purchase additional ADSs to cover over-allotments,…

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WednesdayMar 20, 2019 9:46 am

NetworkNewsBreaks – The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF) Reports Financial, Operational Year End Results

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) on Tuesday reported its financial and operational results for the year ended December 31, 2018. Among other highlights, the company ended the year with $263.5 million of cash and restricted cash to continue to fund its facilities expansion and international growth. The company also completed two bought deals worth $101.2 million in gross proceeds and private placements totaling $77.6 million in gross proceeds. “2018 has been a pivotal year for the company. The accomplishments our team has made have been nothing shy of incredible,” the Green…

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WednesdayMar 20, 2019 9:00 am

NetworkNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Inks Definitive Closing Documents to Acquire Cannabis Facility with Packaging Equipment on 5.5 Acres of Land

TransCanna Holdings (CSE: TCAN) (FSE: TH8) this morning announced that it has signed definitive closing documents to acquire a 196,000 square foot facility on 5.5 acres of land as well as cannabis packaging and processing equipment for a total purchase price of $15 million. Over the past two years, the facility has undergone $8 million in key renovations which have formed specific divisions for nursery, cultivation, manufacturing, extracting, bottling, remediation, and transportation and distribution. The company paid the sellers a $250,000 non-refundable deposit and will pay an additional $8 million down payment. The seller agreed to a carry back note…

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TuesdayMar 19, 2019 2:37 pm

NetworkNewsBreaks – Earth Science Tech Inc. (ETST) Aims for Dual Listing

Innovative biotechnology company Earth Science Tech (OTCQB: ETST) is currently seeking a dual listing of its common shares on the Canadian Securities Exchange (“CSE”). A recent article discussing the company reads, “In addition, ETST has engaged consultant Derek Lindsay to manage compliance while the company moves toward dual listing (http://nnw.fm/a3vQc). Along with managing compliance, Lindsay will be tasked with implementing an investor relations program and improving communications with investors. . . . ‘Dual listing is a major achievement and one that can provide ETST access to new investors and capital,’ Lindsay, who has solid experience in accelerating the growth of…

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TuesdayMar 19, 2019 2:10 pm

NetworkNewsBreaks – Spectrum Global Solutions Inc. (SGSI) Ideally Positioned to Enable 5G Network Buildups

Leading telecommunications engineering and infrastructure services provider Spectrum Global Solutions (OTCQB: SGSI) holds a strategic position to enable the buildup of 5G networks as providers rollout their options for service. A recent article discussing SGSI reads, “Although it seems like 2019 has only just begun, some communications companies are already thinking about the year-end holidays as 5G-enabled wireless technologies prepare to storm the marketplace, with a likely inescapable presence in consumer advertising circles. That’s because some industry insiders, such as Qualcomm President Cristiano Amon, predict that consumers may not even have the option of buying a new high-end device without…

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TuesdayMar 19, 2019 1:42 pm

NetworkNewsBreaks – Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) Sees Late 2019 as Ideal Time to Commence Construction

Canadian iron-ore exploration and development company Black Iron (TSX: BKI) (OTC: BKIRF) (GR: BIN) believes that construction could begin at its ultra-high-grade Shymanivske Iron Ore Project in Ukraine at the end of the year. A recent article discussing the company reads, “In an upbeat discussion with NNW’s Stuart Smith last month, CEO Matt Simpson, P.Eng., reminded stakeholders of the great strides that Black Iron made in 2018 and the huge leaps that the company is making this year (http://nnw.fm/lFPk2). . . . . ‘We had some major milestones . . . with our real focus on relaunching the company,’ Simpson…

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TuesdayMar 19, 2019 9:53 am

NetworkNewsBreaks – Global Payout, Inc. (GOHE) and MTrac Poised at Trajectory of Exponential Revenue Growth with FinTech Payment Solution

Global Payout (OTC: GOHE), along with its wholly-owned subsidiary MTrac Tech Corporation, this morning announced that revenue into Q1 2019 and transactional data highlights industry adoption and desire for a compliant service offering, continued growth and overall benefit to the one-of-a-kind MTrac Payment Solution. According to the update, since deployment in October, MTrac’s daily and monthly sales and transactional volume and the average system processed ticket cost continue to climb at what the company perceives to be a very steady and encouraging pace. The first quarter is seeing a continuation of this positive trend, and MTrac is projected to see…

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TuesdayMar 19, 2019 9:30 am

NetworkNewsBreaks – INmune Bio, Inc. (NASDAQ: INMB) CEO Presents at the 4th Annual Immuno-Oncology Summit Europe 2019 in London

INmune Bio (NASDAQ: INMB) this morning announced that the company’s co-founder and CEO, Dr. R.J. Tesi, presented at Cambridge Healthtech Institute’s 4th Annual Immuno-Oncology Summit Europe 2019 on March 18th in London. Dr. Tesi’s presentation, titled, “Targeting Myeloid-Derived Suppressor Cells to Overcome Resistance to Checkpoint Inhibitors,” highlighted how combination therapy with the company’s drug candidate INB03 is able to help target myeloid-derived suppressor cells (“MDSC”) to reverse resistance to checkpoint inhibitors. INB03 is a second-generation tumor necrosis factor (“TNF”) inhibitor presently being tested in a phase 1 clinical trial. “I am excited to have the opportunity to present and exchange…

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TuesdayMar 19, 2019 9:29 am

NetworkNewsBreaks – Zenergy Brands Inc. (ZNGY) CEO to Participate in CEO Roundtable at the Upcoming Energy Marketing Conference

Next-generation energy utility company Zenergy Brands (OTC: ZNGY) this morning announced that the company’s CEO, Alex Rodriguez, is set to participate in the CEO Roundtable hosted and produced by Energy Marketing Conferences (“EMC”). EMC is well-known, widely respected event that will be taking place in Houston, TX on April 2, 2019. Among other highlights, the event will shine a light on the challenges and prospects associated with the retail side of deregulated electricity and natural gas markets. “I believe in the mission of EMC, and I am happy to bring the Zenergy perspective to the ongoing discussion and evolution of…

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MondayMar 18, 2019 3:17 pm

NetworkNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Sets Sights High in California Cannabis Market

Plus Products (CSE: PLUS) (OTCQB: PLPRF), already California’s leading edibles manufacturer, is focused on building the strongest cannabis brand to further position itself in a market expected to hit $5 billion in sales this year. A recent article discussing this includes commentary from PLUS CEO and co-founder Jake Heimark, from a Business Television segment (http://nnw.fm/vkC0H), where he states, “Plus Products is a cannabis manufacturing product company, and our vision is to build the strongest cannabis brand. In the last year, PLUS moved from about 12th in edibles in California to being the number one edible company in what is the…

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