NetworkNewsBreaks

ThursdayMay 16, 2019 9:45 am

NetworkNewsBreaks – INmune Bio, Inc. (NASDAQ: INMB) Enters Common Stock Purchase Agreement with Lincoln Park Capital

INmune Bio (NASDAQ: INMB) this morning announced a common stock purchase agreement with Chicago-based institutional investor Lincoln Park Capital Fund, LLC (“LPC”) for up to $20 million, including an initial investment of $300,000. The investment amount is subject to the terms of the agreements with Lincoln Park and is in addition to LPC’s investment during the first round of funding in 2017, when INmune was a private company. Subject to compliance with the transaction documents, INmune will have the option to sell up to an additional $19.7 million in shares to LPC over a 24-month period. INmune believes this funding…

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ThursdayMay 16, 2019 9:27 am

NetworkNewsBreaks – Spectrum Global Solutions, Inc. (SGSI) Reports Q1 2019 Financial Results

Leading telecommunications engineering and infrastructure services provider Spectrum Global Solutions (OTCQB: SGSI) on Wednesday released its financial results for the fiscal period ended March 31, 2019. Among the highlights, the company reported revenue of $11,335,732 compared to $4,327,764 for the same period in 2018. “Revenue was just over $11.3 million which reflects consistent growth in our AW Solutions, ADEX and TNS subsidiaries,” Spectrum CEO Roger Ponder stated in the news release. “We also reported positive income from operations for the period.  This is Spectrums’ first quarter with positive income from operations which demonstrates continued improvements in the business.” To view…

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ThursdayMay 16, 2019 9:21 am

NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Reports Q1 2019 Financial Results

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an automotive technology innovator, on Wednesday reported financial results for the first quarter 2019. Among other highlights, the company ended the quarter with $19.3 million in cash and short-term deposits, GAAP net loss of $3.3 million, and non-GAAP net loss of $2.9 million. In addition, the update also provided an overview of corporate accomplishments and balance sheet highlights for the quarter. “The year has started off on a very positive note as we demonstrated progress across all business activities, including an additional sale of our QuadSight(TM) prototype. Our unique technology continues to gain…

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WednesdayMay 15, 2019 1:09 pm

NetworkNewsBreaks – Franchise Holdings International Inc. (FNHI) and Worksport Launch New Immersive, Media-Rich Website

Franchise Holdings International (OTCQB: FNHI), parent company of Worksport, the light truck cover manufacturer, today announced the launch of its new website, www.Worksport.com. According to the update, the site reflects the company’s current status as one of North America’s fastest growing manufacturers of truck bed covers and offers new and existing clients an immersive, media-rich experience of its brand and product. “The 25 per cent of trucks that use covers is a market we are aware of and participate in daily,” FNHI and Worksport CEO Steven Rossi said in the news release. “What drives Worksport is being the solution for…

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WednesdayMay 15, 2019 12:31 pm

NetworkNewsBreaks – Global Payout, Inc. (GOHE) and MTrac Experience Uptick in Payment Platform Applications with Continued Trend Expected

Global Payout (OTC: GOHE), together with its wholly owned subsidiary MTrac Tech Corporation, this morning announced achievement of a sales milestone with over 100 completed and approved applications for the MTrac system. Per the update, the company continues to receive new applications, on an almost daily basis, and expects continuance of this trend as the platform gains market share.  “Since the beginning of the year we have experienced a massive uptick in interest for our platform,” said MTrac CEO, Vanessa Luna. “Many companies have attempted to solve this problem for the industry, which has resulted in a general skepticism among…

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WednesdayMay 15, 2019 12:23 pm

NetworkNewsBreaks – Nightfood Holdings Inc. (NGTF) Discloses Highest Revenue Quarter to Date, Schedules May 28 Investor Call

Nightfood Holdings (OTCQB: NGTF), the innovative company solving America’s $50 billion nighttime snacking problem, this morning announced its filing of a quarterly report for the three month period ending March 31, 2019, with revenue of $159,575. According to the update, this is the highest revenue quarter in the company’s history. In addition, Nightfood announced that it will host an investor call on Tuesday, May 28, 2019, at 4:30 PM ET, with details of the call to be released as the date approaches. “January was a new start for the Nightfood brand with the manufacture of our first pint of ice…

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WednesdayMay 15, 2019 11:37 am

NetworkNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Makes Strategic and First AgTech Investment in BioLumic

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) today announced a strategic investment in BioLumic Ltd., creators of a sustainable ultraviolet (“UV”) crop yield enhancement system. Canopy Rivers' investment of $1.5 million marked its first investment in agri-technologies, specifically focused on the promising fields of plant physiology and UV photobiology. “Canopy Rivers' mission is to build and support a thriving global cannabis economy, and we are dedicated to identifying and investing in strategic technology players throughout the legal cannabis value chain,” Canopy Rivers Director, Business Development Mary Dimou said in the news release. “Led by an exceptional management team, BioLumic's groundbreaking, proprietary…

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WednesdayMay 15, 2019 11:25 am

NetworkNewsBreaks – Lexaria Bioscience Corp.’s (CSE: LXX) (OTCQX: LXRP) DehydraTECH Outperforms Conventional Industry Formulations in Animal Testing

Biotechnology company and drug delivery platform innovator Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP) this morning announced that animal testing has proven that its DehydraTECH(TM) technology delivers cannabinoids to the bloodstream much more quickly and effectively than conventional industry formulations. According to the update, 10 male Sprague-Dawley rats were administered CBD at 25mg per kg of bodyweight in each arm of the Lexaria animal studies. Delivery of CBD into the bloodstream was monitored over a 60-minute duration and, at two minutes, 15 minutes, and 60 minutes, DehydraTECH's LCFA formulation delivered elevated levels of CBD in blood (showing measurable and 475% and…

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WednesdayMay 15, 2019 10:24 am

NetworkNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Releases Q1 Fiscal 2019 Financial and Operational Results

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) on Tuesday released its financial and operational results for the three months ended March 31, 2019. Among the highlights, the company is on-track with construction at Hamilton and Valleyfield sites, with Q1 investment totaling $46.9 million, an increase of $7.4 million compared to Q4 2018. In addition, TGOD achieved revenues of $2.4 million, primarily from HemPoland, reflecting a 28 percent increase over the prior quarter. “Q1 results are continued proof that we are delivering on our business plan with executional excellence,” TGOD CEO Brian Athaide commented…

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WednesdayMay 15, 2019 10:15 am

NetworkNewsBreaks – Cannabis Strategic Ventures Inc. (NUGS) Uplists to the OTCQB Venture Market

Cannabis Strategic Ventures (OTCQB: NUGS) this morning announced that it has been approved for trading on the OTCQB Venture Market, effective May 10, 2019. The company believes the OTCQB’s more stringent reporting standards will result in increased investor transparency and will help the company continue to build shareholder value. “The benefits of uplisting combined with our new initiatives demonstrate to our existing investors and the marketplace that Cannabis Strategic Ventures is on track for growth,” Cannabis Strategic Ventures CEO Simon Yu stated in the news release. “We have a clearly defined path for expansion, and we are diligently working to…

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