NetworkNewsBreaks

ThursdayMar 21, 2019 11:11 am

NetworkNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Starts Australian Observational Trial

VIVO Cannabis (TSX.V: VIVO) (OTCQX: VVCIF) today announced that it will begin an observational study on the use of cannabinoids as therapy for chronic pain. A group of well-known pain specialists will lead the study, taking place in Melbourne, Australia, which expects to provide long-term (24 month) data in order to evaluate the efficacy of medical cannabis in treating pain and further support development of VIVO's portfolio of medical cannabis products. VIVO is funding the effort in the form of a research grant to its partner in the study, Australian Medical Cannabis Service ("AMCS"). “Driven by unmet clinical needs, medical…

Continue Reading

ThursdayMar 21, 2019 10:50 am

NetworkNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) Announces Launch of First International Hemp/CBD Auction Platform

Merchant banking firm Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) this morning announced the launch of the Cannabis Mercantile Exchange (“Cannamerx”) International Hemp/CBD Auction Platform. Per the update, Cannamerx today reported that 1.5 tonnes of hemp biomass have been listed for auction on the platform, and its team is rapidly onboarding clients in Canada, the U.S. and Europe. “The hemp revolution has begun in North America. We are excited to help Cannamerx create a global path for many of these companies to trade Hemp/CBD internationally and become cash flow positive at a much quicker pace, decreasing their sales…

Continue Reading

ThursdayMar 21, 2019 10:32 am

NetworkNewsBreaks – Sharing Services Inc. (SHRV) Announces Name Change to Sharing Services Global Corporation, Q3 2018 Revenues and Record-Breaking Sales Growth

Diversified holding company Sharing Services (OTCQB: SHRV) on Wednesday announced that it has, effective immediately, formally changed its name to Sharing Services Global Corporation, which better represents its focus on international markets. In addition, today the company announced record quarterly revenues of $25.9 million for the fiscal third quarter ended Jan. 31, 2019, reflecting an approximately $8 million increase compared to second-quarter revenues of $17.9 million. The quarterly performance is record-breaking for SHRV, which has now reported sales revenues of over $64 million since the December 2017 launch of products through its Elepreneur and Elevacity Global subsidiaries. “Over the last…

Continue Reading

ThursdayMar 21, 2019 10:15 am

NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Releases Financial Results for Q4 and Full Year 2018

Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) on Wednesday announced financial results for the fourth quarter and full year 2018. Per the update, Foresight ended Q4 of 2018 with $15.7 million in cash and short-term deposits. This amount does not include approximately $6.2 million in gross proceeds raised through a March 19, 2019 public offering. The company reported GAAP net loss of $9.4 million for the fourth quarter 2018, and non-GAAP net loss of $4.1 million for the same period. “Multiple positive developments in 2018 served to validate the strength of our QuadSight(TM) vision system,” Foresight CEO…

Continue Reading

ThursdayMar 21, 2019 9:41 am

NetworkNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTC: LXRP) Launches its Largest Cannabinoid R&D Program

Biotechnology company and drug delivery platform innovator Lexaria Bioscience (CSE: LXX) (OTC: LXRP) on Wednesday announced that work has commenced on its largest-ever cannabinoid research program, which will also test Lexaria-designed nanotech enhancements. According to the update, the new program is comprised of 11 separate animal studies, each comparable in scope to individual animal studies the company conducted during 2018. Six months ago, Lexaria began its 2019 in vivo study design. All laboratory test articles have been produced and exceed all required quality control thresholds, and the project has now advanced to the implementation stage. The 2019 R&D project is…

Continue Reading

ThursdayMar 21, 2019 9:23 am

NetworkNewsBreaks – BriaCell Therapeutics Corp. (OTCQB: BCTXF) (TSX.V: BCT) Announces $2M Non-Brokered Private Placement Offering

BriaCell Therapeutics (OTCQB: BCTXF) (TSX.V: BCT), a biotechnology company developing targeted, safe treatments for cancer, on Wednesday announced its intention to complete a non-brokered private placement of up to 20,000,000 common shares of the company at a price of C$0.10 each for gross proceeds of up to roughly C$2,000,000. The size of the private placement includes the previously announced C$500,000 equity investment by BriaCell Director and Acting Chairman of the Board, Jamieson Bondarenko. In addition to general corporate purposes, BriaCell plans to use the proceeds from the offering to finance the phase IIa combination study of Bria-IMT(TM) with KEYTRUDA® [by…

Continue Reading

ThursdayMar 21, 2019 8:30 am

NetworkNewsBreaks – Pacific Rim Cobalt Corp. (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE) Releases Business Update

Canada-based exploration company Pacific Rim Cobalt (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE) recently provided a Cyclops, nickel/cobalt project development update, as well as next steps for the company in 2018. Per the update, the company reported mini-bulk sample and drilling results indicating strong mineralization occurring from surface with nickel values of up to 2.65 percent and 1.78 percent, as well as cobalt of up to 0.24 percent and 0.16 percent. In addition, the company’s partner for mineral process and extraction completed a successful bench scale scoping program yielding recoveries of up to 98.6 percent nickel and 96.5 percent cobalt. Pacific…

Continue Reading

WednesdayMar 20, 2019 11:43 am

NetworkNewsBreaks – Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) Partners with Green Glass Global to Place Oki Beverage Line Across U.S.

Premium functional food and beverage company Phivida Holdings (CSE: VIDA) (OTCQX: PHVAF) this morning announced its entry into a strategic partnership with Green Glass Global, a leading beverage brokerage firm that specializes in on-premise national accounts for the specialty drinks sector. According to the update, the partnership will focus on placing Phivida's Oki beverage line products in premium hospitality outlets across the United States. “We are really excited to partner with Green Glass Global to represent our Oki beverage brand nationally in the on-premise channel,” Phivida Chief Commercial Officer Doug Campbell said in the news release. “The on-premise channel represents…

Continue Reading

WednesdayMar 20, 2019 11:15 am

NetworkNewsBreaks – Marijuana Company of America Inc. (MCOA) Partners with Licensed California Manufacturing & Distribution Company to Acquire Owner Interest, Form JV

Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) today announced its entry into a letter of intent with Natural Plant Extract of California (“NPE”) and its subsidiary, Northern Lights Distribution, LLC (“NLD”), to acquire a 20 percent ownership interest in NPE and establish a joint venture to operate a California cannabis delivery service named Viva Buds. Per the update and under the terms of the LOI, MCOA will contribute $2,000,000 in total cash to the project, as well as common shares with a value of $1,000,000 in exchange for its 20 percent equity position in NPE. In…

Continue Reading

WednesdayMar 20, 2019 10:35 am

NetworkNewsBreaks – Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) Engages WorleyParsons’ Advisian to Complete PEA of its Flagship Project in Southern Arkansas

Lithium-focused exploration company Standard Lithium (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) today announced that it has engaged Advisian, the consulting arm of WorleyParsons Canada Services Ltd., to complete a Preliminary Economic Assessment (“PEA”) of its flagship 150,000 acre project located in the south-central region of Arkansas. Expected to be completed near the end of Q2 2019, the AACE Class 5 PEA, with a projected accuracy for CAPEX and OPEX of +/- 50 percent, will be established using a baseline production of approximately 20,000 tonnes per annum (“TPA”) of lithium carbonate. “Myself and the Standard Lithium team are very familiar with…

Continue Reading