NetworkNewsBreaks

ThursdayAug 30, 2018 2:26 pm

NetworkNewsBreaks – SurveyMonkey Files Documents to List IPO on The Nasdaq Stock Market

SurveyMonkey, an online survey development company owned by SVMK Inc., has filed documents unveiling its plans to list its initial public offering (“IPO”) on The Nasdaq Stock Market under the symbol “SVMK” as detailed in a news release issued on August 29, 2018. In the Securities and Exchange Commission (“SEC”) filing, the company said it intends to raise $100 million. The filing follows the company’s recently-logged second quarter net losses of $12.5 million on sales of $62.7 million, compared with losses of $14.8 million on revenue of $53.5 million during the same period of the previous year. To view the full…

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ThursdayAug 30, 2018 11:30 am

NetworkNewsBreaks – FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) Names New Board of Directors Member

FinCanna Capital (CSE: CALI) (OTCQB: FNNZF), a royalty company for the U.S. licensed medical cannabis industry, this morning announced the appointment of Robert “Bob” Kamm to the company’s Board of Directors. Kamm has more than 25 years of experience operating and advising businesses, including his current role representing FinCanna on the Board of Directors of its investee company, Cultivation Technologies Inc. Jeff Tindale has resigned from the FinCanna Board of Directors making way for Kamm’s appointment. Tindale will continue to serve on FinCanna’s Board of Advisors. In addition, the company announced that on August 29, 2018, it issued a total…

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ThursdayAug 30, 2018 11:23 am

NetworkNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQB: VVCIF) Announces Release of Q2 2018 Fiscal Results

VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQB: VVCIF) this morning announced the release of its financial statements for the second quarter of 2018. Among the highlights, the company reported revenues of $1.1 million for the three-month period, marking an approximate four-fold year-over-year increase. VIVO also looked to the future with a business update, making note of its recently announced agreement to acquire premium cannabis company Canna Farms Limited, among other milestones. “Since our last business update following the release of our Q1 2018 financial statements, we have continued to enhance our leadership team, and announced the introduction of three new brands……

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ThursdayAug 30, 2018 10:47 am

NetworkNewsBreaks – The Flowr Corp. (TSX.V:FLWR) Chairman and Chief Strategist Discusses Company Activities, Outlook in Interview on The Brave New Weed Podcast

The Flowr Corp. Chairman and Chief Strategist Steve Klein was recently interviewed on The Brave New Weed Podcast hosted by Joe Dolce. The Flowr Corp. is a Canadian licensed producer that focuses primarily on premium flower production. Among other highlights, Klein discussed the company’s partnership with Scotts Miracle-Gro Company’s (NYSE: SMG) subsidiary, Hawthorne Gardening Co. “When we got our license in Canada we signed a deal with them to design and build a 50,000 sq. ft. R&D facility,” Klein stated in the interview. “We should be breaking ground by September right next door to our flagship facility in the Kelowna…

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ThursdayAug 30, 2018 10:45 am

NetworkNewsBreaks – Marijuana Company of America Inc. (MCOA) Issues Update on JV Hemp Farming Project in New Brunswick

Innovative hemp and cannabis corporation Marijuana Company of America Inc. (OTC: MCOA) this morning issued an update on its joint venture project in New Brunswick, Canada, with partner Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF). The companies highlighted the recent installation of an industrial scale dryer from Cann Systems at the site as a significant milestone moving forward; the dryer will play a key role in drying the biomass, an important first step in the extraction of cannabinoids from the hemp plant. The companies also spoke to the impact of an ongoing drought in the region, which “has complicated…

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ThursdayAug 30, 2018 10:27 am

NetworkNewsBreaks – Pressure BioSciences Inc. (PBIO) Issued Key U.S. Patent for High-Pressure Flow-Through Microfluidic Sample Preparation Device

Pressure BioSciences (OTCQB: PBIO) this morning announced the award of a key new U.S. patent, entitled ''Flow-through High Hydrostatic Pressure Microfluidic Sample Preparation Device and Related Methods Therefor.'' The company’s creation provides a path for integration of automated ''Hands-Free'' sample prep workflows utilizing PBIO’s patented high-pressure platform technologies. The newly issued patent brings Pressure BioSciences’ Intellectual Property (''IP'') to a total of 21 issued patents. “This long-anticipated patent is a very important development for the Company on multiple fronts, and the timing of its issuance could not be better. This invention covers key elements of our plans for developing automated,…

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ThursdayAug 30, 2018 9:42 am

NetworkNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Reports Additional Encouraging Results from DehydraTECH™ Nicotine Study

Lexaria Bioscience (CSE: LXX) (OTCQB: LXRP) this morning announced further results from its recently completed second-generation study in 40 rats in addition to the partial results released earlier this month. The in vivo study evaluated the ability of the company’s DehydraTECH™ technology to deliver nicotine as quickly as 2 minutes after oral administration. Lexaria’s technology delivered 90.2% more nicotine over the first 10 minutes of the study than the concentration-matched control formulation by the 10-minute mark. To better commercialize opportunities within the nicotine sector, the company has also completed the formation of a wholly-owned subsidiary, Lexaria Nicotine Corp. "Lexaria's DehydraTECH™…

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ThursdayAug 30, 2018 9:17 am

NetworkNewsBreaks – With Introduction of Hemp FX™ Product Line, Youngevity International, Inc. (NASDAQ: YGYI) Enters $7.7B Cannabis Market

Leading omni-direct lifestyle company Youngevity International, Inc. (NASDAQ: YGYI) this morning highlighted its new Hemp FX™ product line, which was introduced at the company’s 2018 convention in San Diego, California. The new line consists of three proprietary blends of hemp-derived cannabinoid products (Soothe™, Relax™ and Uplift™) and gives Youngevity a foothold in the $7.7 billion cannabis market. Per the update, a limited quantity of the new formulas was available for pre-sale purchase to attendees at Youngevity’s convention, and this offering quickly sold out. The company expects to introduce the Hemp FX™ product line to the public soon, with the official…

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WednesdayAug 29, 2018 3:27 pm

NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Sees Great Market Potential for Heavy Oil Product

Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) believes the strategic placement of its Asphalt Ridge Facility could prove advantageous for the company’s heavy oil product. A recent article discussing the company reads: “Petroteq believes that its heavy oil product has promising market potential, as the company’s Asphalt Ridge Facility is located in close proximity to major oil refineries in Utah. The company anticipates pricing to closely track that of West Texas Intermediate, as refiners are already accustomed to purchasing and using Utah heavy oil as part of their refining mixes. … As Petroteq progresses in its operational activities, primary aspects of…

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WednesdayAug 29, 2018 3:19 pm

NetworkNewsBreaks – Consorteum Holdings, Inc. (CSRH) Subsidiary Foresees an Auspicious Future for its UMI Platform

As smartphone use continues to grow worldwide, Consorteum Holdings’ (OTC: CSRH) 359 Mobile, Inc. subsidiary sees a bright future for its Universal Mobile Interface™ (“UMI”) platform. An article discussing the company reads: “CSRH is targeting sports gambling for its first release as part of its joint business agreement with DevLex. It combines its UMI with DevLex’ Predictive Analysis Platform and focuses on the sport of cricket, which is second only to soccer in worldwide popularity with an estimated 2.5 billion fans, according to Topend Sports (http://nnw.fm/4NAxk). The cutting edge Edgelytics platform analyzes a massive historical database encompassing player as well…

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