NetworkNewsBreaks

ThursdayJun 07, 2018 10:37 am

NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Acquires Additional Acreage Near Asphalt Ridge

Fully integrated oil and gas company Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) this morning announced that it has acquired further acreage in the resource rich Uintah Basin. At auction, Petroteq finalized the acquisition of two leases for 1,312 acres of land in the Asphalt Ridge, Utah area. A report titled “Evaluation of Contingent Resources” from Chapman Petroleum Engineering, Ltd. dated April 30, 2018 states that the newly acquired leases contain 7.331 million barrels of contingent resource, increasing Petroteq’s total contingent resources to 93.4 million barrels. Additionally, Petroteq announced the grant of 8,350,000 stock options to officers, directors and consultants of…

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ThursdayJun 07, 2018 10:30 am

NetworkNewsBreaks – FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) Announces $1M Revenue Milestone for Cultivation Technologies Inc.

FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF), a royalty company for the U.S. licensed medical cannabis industry, this morning announced that Cultivation Technologies Inc. (“CTI”), its first investment in California, has achieved $1 million in cumulative revenue since it commenced operations in late January 2018. “We are very pleased to see the sales performance of CTI which has translated into its first US$1 million in revenue at only a fraction of its capacity,” Andriyko Herchak, president and CEO of FinCanna, stated in the news release. “With its sales team in place building out an ever-expanding distribution footprint, and it’s manufacturing…

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ThursdayJun 07, 2018 10:07 am

NetworkNewsBreaks – Earth Science Tech, Inc. (ETST) Provides Update on CBD Formula Patents, Medical Device Progress

Earth Science Tech (OTC: ETST), an innovative biotech company focused on the cannabidiol (“CBD”), nutraceutical and pharmaceutical fields, this morning provided an update regarding its ongoing CBD formula patents and medical device progress. Per the update, the prototyping of three CBD formula patents, which the company received a grant from the Government of Quebec to develop, has begun. The initial batch will be tested by the team and in vitro testing is expected to begin in summer 2019 to demonstrate the superior antioxidant activities and improved anti-proliferative effects on breast cancer cells. The third product is a superfood edible that…

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ThursdayJun 07, 2018 9:42 am

NetworkNewsBreaks – Medical Cannabis Payment Solutions (REFG) Subsidiary Featured in Story on KREX

Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) this morning announced that its SpeedyGrow subsidiary was recently featured in a KREX news story about CBD and hemp. Per the update, KREX is the CBS-affiliated television station in Grand Junction, Colorado. “We were honored to be featured in the news segment and to discuss our efforts in CBD extraction,” Jeremy Roberts, CEO of REFG, stated in the news release. “Most of our shareholders haven’t seen our Colorado facility. The news story gives them a small tour.” The full news story is available for review at http://nnw.fm/eB7v1. To view the…

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ThursdayJun 07, 2018 9:28 am

NetworkNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Posts Results of Annual General Meeting

ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) this morning announced the results of its annual general and special meeting of shareholders that took place on June 5, 2018. During the meeting, shareholders of the company voted on and approved the following resolutions: re-appointing MNP LLP, Chartered Accountants, as auditor of the company for the 2018 fiscal year; fixing the number of directors of the company at six; the election of directors; the ratification and approval of the company’s 2017 Stock Option Plan; and the approval of a future name change of the company, to be decided by the company’s board…

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WednesdayJun 06, 2018 2:48 pm

NetworkNewsBreaks – Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8) Incorporates Blockchain Technology into Various Markets

Victory Square Technologies (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8) is a venture builder that creates, funds and empowers entrepreneurs working in the fields of blockchain technology, virtual reality, artificial intelligence, personalized health, gaming and film. An article highlighting the company reads: “With plans to expand into additional service verticals, Victory Square Technologies new acquisition may have spotted a massive untapped reservoir of enterprise-grade business. Marketplaces such as Upwork, 99designs and Fiverr service some of the need but remain challenged in areas that can create a price squeeze in a hypercompetitive environment. Price squeezes can drive down profit margins…

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WednesdayJun 06, 2018 2:38 pm

NetworkNewsBreaks – BLOCKStrain Technology Corp. (TSX.V: DNAX) Multi-user Platform Delivers Transparency from Manufacture to Market

BLOCKStrain Technology (TSX.V: DNAX) has developed a blockchain-based genetic registration process that provides verification security for growers and consumers in the cannabis industry. An article discussing the company reads: “BLOCKStrain has adapted the open-source ledger’s technology to provide a cannabis genome-to-sale genetic chain of evidence that provides proof of ownership to brand builders in the multibillion-dollar industry and allows consumers to verify where a product originated and where it has been before landing in their shopping carts. In between the two extremes of the pipeline, distributors, shipping companies and government agencies also have a stake in auditing a product’s wellbeing.…

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WednesdayJun 06, 2018 1:29 pm

NetworkNewsBreaks – Petroteq Energy Inc.’s (TSX.V: PQE) (OTCQX: PQEFF) Proprietary Extraction Technology May be the Key to Retrieving Buried Oil in U.S.

Fully integrated oil and gas company Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) has developed a proprietary extraction technology that could play a vital role in the U.S. oil sands & shale industry. An article discussing the company reads: “The company does not drill for oil, but rather has developed patented technology to extract bitumen (crude oil) from oil sands and shale, crucial methodology that could unlock the trillion barrels of oil buried in Colorado, Utah and Wyoming. The technology is being readied for application at its Asphalt Ridge facility in Utah. … Petroteq Energy Inc. has developed its environmentally…

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WednesdayJun 06, 2018 1:24 pm

NetworkNewsBreaks – Gensource Potash Corp. (TSX.V: GSP) Successfully Closes Private Placement

Gensource Potash (TSX.V: GSP) recently announced that it successfully completed its non-brokered private placement financing. The offering was comprised of the non-brokered sale of 24,999,268 common shares at $0.125 per share, resulting in gross proceeds of $3,124,908.50 to the company. As part of the offering, certain officers of Gensource purchased an aggregate of 4,356,000 common shares which was considered a "related party transaction" pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Relative to the offering, licensed finders were paid commissions by Gensource in the form of cash payments of $199,760.00 and the…

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WednesdayJun 06, 2018 10:43 am

NetworkNewsBreaks – Sharing Services, Inc. (SHRV) Subsidiary Engages Stephen Gould Corp. as Fulfillment, Distribution Partner

Diversified holding company Sharing Services, Inc. (OTC: SHRV) this morning announced that it has selected Stephen Gould Corp. as the fulfillment and distribution partner to support the increasing operations of Elevacity Global, a wholly owned subsidiary of Sharing Services. "We are pleased to announce this relationship with Stephen Gould to ensure proper delivery of our products throughout the United States. We interviewed several companies in the selection process to find the right partner and feel that Stephen Gould can best service Elevacity Global’s current rapid growth cycle and will be a valuable asset as we look to expand internationally in…

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