NetworkNewsBreaks

FridayMar 09, 2018 9:23 am

NetworkNewsBreaks – SinglePoint, Inc. (SING) Engages Circonomy Solutions to Develop Cannabis Waste Diversion Program

Specialized holding company SinglePoint, Inc. (OTCQB: SING) this morning announced that it has engaged Circonomy Solutions to develop a waste diversion program for the cannabis industry with an emphasis on transitioning toward zero-waste. Together, the two companies intend to research, identify and address the intricacies, expenses and potential savings connected to cannabis industry waste. SinglePoint plans to provide further details and research regarding the program at the 30th Annual ROTH Conference in Dana Point, California, on March 13, 2018. “With every state implementing different rules on cannabis waste disposal, few, if any, provide useful resources. With the assistance of Circonomy,…

Continue Reading

ThursdayMar 08, 2018 3:42 pm

NetworkNewsBreaks – Lexaria Bioscience Corp.’s (CSE: LXX) (OTCQX: LXRP) Innovative Technology is Well-suited in the Cannabis Industry

Lexaria Bioscience (CSE: LXX) (OTCQB: LXRP) has recently developed an oral digestion technology, DehydraTECH™, which is a complementary layer that works with other R&D efforts regarding cannaboids. An article discussing the company reads: “DehydraTECH allows for faster delivery time, lower dosages and shorter treatment regimens. Oral ingestion of the client drug eliminates unhealthy practices of inhalation dosing. It improves the absorption rate, by as much as five to 10 times, of non-steroid anti-inflammatory drugs (NSAIDs), vitamins, cannabinoids and even nicotine. Delivery time, the time it takes from ingestion to payload molecules reaching the bloodstream, is reduced from the 60-90 minutes…

Continue Reading

ThursdayMar 08, 2018 3:38 pm

NetworkNewsBreaks – Equity Research Firm Projects IEG Holdings Corp. (IEGH) to Reach $8.2M in Revenue in FY2020

IEG Holdings (OTCQB: IEGH) is a Las Vegas-based fintech provider of $5,000 and $10,000 unsecured, five-year consumer loans under the brand name ‘Mr. Amazing Loans’. The company was recently the subject of a report by an equity research firm. A recent article discussing the company reads: “ACF Equity Research projects the revenue of IEGH reaching $5.328 million in FY2019 and $8.227 million in FY2020, with positive EBITDA in both years (http://nnw.fm/1dPMY). That projection is based on ACF Equity Research liking the no-debt position of IEGH, its free cash flow, its business model, and its 80 percent repeat business loan book.…

Continue Reading

ThursdayMar 08, 2018 1:39 pm

NetworkNewsBreaks – Aimmune Therapeutics, Inc. (NASDAQ: AIMT) Underwriters Fully Exercise Over-Allotment Option in $202.4M Public Offering

Aimmune Therapeutics (NASDAQ: AIMT), a biopharmaceutical company developing treatments for potentially life-threatening food allergies, recently closed its underwritten public offering of 6,325,000 shares of its common stock, which includes the sale of 825,000 shares in accordance with the full exercise of the over-allotment option granted to the underwriters. The shares were sold at a price to the public of $32.00 per share, resulting in the gross proceeds of $202.4 million for the company. Aimmune intends to use the proceeds to fund the advancement of AR101 through clinical development, potential application filings and preparation for budding commercialization. The company also intends…

Continue Reading

ThursdayMar 08, 2018 1:34 pm

NetworkNewsBreaks – Ring Energy, Inc. (NYSE: REI) Underwriters Fully Exercise Over-Allotment Option in $82M Public Offering

Ring Energy (NYSE: REI), an oil and gas exploration, development and production company, has closed an underwritten public offering of 6,164,000 shares of its common stock, which includes an additional 804,000 shares of common stock in accordance with the underwriters’ fully-exercised over-allotment option. The shares were sold at the public offering price of $14.00 per share. After deducting the underwriting discount and other estimated offering expenses, Ring Energy’s net proceeds were approximately $82 million. The company plans to use the proceeds from the offering to fund its 2018 capital expenditure program and for other general corporate purposes. To view the…

Continue Reading

ThursdayMar 08, 2018 10:43 am

NetworkNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Appoints New Member to Board of Directors

Net Element (NASDAQ: NETE), a global technology and value-added solutions group, this morning said that Jon Najarian has joined the company’s board of directors. Najarian will also serve as a member of Net Element’s audit, compensation, nominating and corporate governance committees. Najarian is an investor, money manager and media analyst best known for his role as a cast member of the “Halftime Report” and “Fast Money” on CNBC. “We are excited to have Jon join our board. He brings extensive financial, capital markets, cryptocurrency and blockchain insights to Net Element, and we look forward to his advice and direction as…

Continue Reading

ThursdayMar 08, 2018 10:36 am

NetworkNewsBreaks – Global Payout, Inc. (GOHE) Subsidiary Launches MTRAC-Token™ to Combat Payment Restrictions in the Cannabis Market

In a news release this morning, Global Payout (OTC: GOHE) announced that its wholly owned subsidiary, MoneyTrac Technology, Inc. (“MTRAC”), is launching a Regulation D 506(c) offering that is based on MTRAC-Token. According to MTRAC management, the raise will be used to deliver MTRAC-Token to the cannabis market, a solution it has been co-developing to overcome the restrictions with regard to banking accessibility and e-Payment in the cannabis industry. "The MTRAC-Token is a unique type of investment opportunity providing investors a way to be involved in revolutionizing a multitude of industries. Our singular focus over the past several months has…

Continue Reading

ThursdayMar 08, 2018 10:17 am

NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Announces Positive Report from Independent Evaluation of Asphalt Ridge Leases

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, this morning announced the filing of its third party independent detailed assay and testing resource evaluation report. Per the update, the results from the report, which was completed by Wyoming-based Energy Labs, are consistent with the numerous studies performed on these oils by both academic institutions and major oil firms. “As we continue to make progress with the completion of our plant construction and the signing of our oil offtake agreement, we are extremely pleased with this report…

Continue Reading

ThursdayMar 08, 2018 9:56 am

NetworkNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Engages VIRTUE to Serve as Agency of Record

ABcann Global (TSX.V: ABCN) (OTCQB: ABCCF) this morning announced that it has retained VIRTUE as its agency-of-record. VIRTUE, a creative agency powered by VICE Media, will develop a full rebrand and create sub-brands targeting the medical and adult-use cannabis markets. The agency will also assist the company with an integrated launch strategy for its new brands. “VIRTUE is an award-winning marketing agency with an unwavering commitment to bold ideas. They are the ideal partners to help us to transform the company’s brand and convey the purpose behind our current medical and upcoming adult-use cannabis businesses,” ABcann chief marketing officer Sung…

Continue Reading

ThursdayMar 08, 2018 9:40 am

NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Executes LOI to Jointly Develop New Hard-Rock Lithium Extraction Process

Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced its entry into a letter of intent with Orion Laboratories, LLC of Oak Ridge, Tennessee, and Light Metals International Inc. (“LMI”) of Vancouver, British Columbia, related to the development and commercialization of a new process for extracting hard-rock lithium from spodumene concentrate. Dr. James G. Blencoe leads both Orion and LMI, leveraging more than four decades of experience in designing, constructing, operating and maintaining specialized equipment for advanced chemical production. “The success of our Case Lake, Ontario joint venture has led us to…

Continue Reading