NetworkNewsBreaks

FridayApr 05, 2019 10:56 am

NetworkNewsBreaks – CymaBay Therapeutics, Inc. (NASDAQ: CBAY) Closes Underwritten Public Offering, Realizes Gross Proceeds of Approximately $115M

Clinical-stage biopharmaceutical company CymaBay Therapeutics (NASDAQ: CBAY) has closed an underwritten public offering of 9,200,000 shares of its common stock, which includes an additional 1,200,000 shares pursuant to the full exercise of the over-allotment option. According to the update, CymaBay Therapeutics realized gross proceeds of approximately $115 million resulting from the shares sold at the public offering price of $12.50 per share. The company anticipates using the proceeds to fund ongoing development of seladelpar, as well as for working capital and general corporate purposes. ROTH Capital Partners acted as co-manager for the transaction. To view the full press release, visit…

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FridayApr 05, 2019 10:22 am

NetworkNewsBreaks – The Yield Growth Corp. (CSE: BOSS) (OTCQB: BOSQF) (Frankfurt: YG3) Engages The Design Spot to Further Position in $22B Hemp and CBD Industry

The Yield Growth (CSE: BOSS) (OTCQB: BOSQF) (Frankfurt: YG3) on Thursday announced its appointment of specialist New York Agency The Design Spot for strategic graphic design counsel from overall brand direction to packaging, merchandising and point-of-sale deliverables. According to the update, this move to promote stand-out visual identity and branding is vital to differentiate in the growing hemp-CBD market, which could reach $22 billion by 2022 according to a new estimate from cannabis industry analysts the Brightfield Group. The Design Spot and its team of award-winning designers was chosen for notable experience with an emphasis on skin care, hair care,…

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FridayApr 05, 2019 10:14 am

NetworkNewsBreaks – Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) Announces Upsizing, Closing of Second and Final Tranche of Private Placement

Canadian iron ore exploration and development company Black Iron (TSX: BKI) (OTC: BKIRF) (GR: BIN) this morning announced that it has upsized and closed the second and final tranche of a previously announced non-brokered private placement of units of the company. According to the update and per the second tranche, the company issued 9,043,950 units, each at a price of $0.06, for gross proceeds of $542,637. Combined with the March 29, 2019 closing of the first tranche, Black Iron has issued a total of 26,552,390 units for gross proceeds of $1,593,143. To accommodate investor interest, the company upsized the offering…

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FridayApr 05, 2019 9:32 am

NetworkNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Releases Q4 and Full Year 2018 Results

The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) on Thursday announced its results for the fourth quarter and full year ended December 31, 2018. According to the update, the company sold nearly 406 kgs of premium cannabis despite having only 20 percent of its Kelowna 1 grow rooms operational in the fourth quarter of 2018. In addition, Flowr reported gross revenues of C$3.3 million and net revenues of C$2.9 million, realizing an average net price of C$7.08/gram after receiving its sales license in August 2018, and broke ground on the first-of-its-kind 50,000 square foot R&D Facility in partnership with The Scotts Miracle-Gro…

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FridayApr 05, 2019 9:25 am

NetworkNewsBreaks – SinglePoint, Inc. (SING) CEO Discusses NASDAQ Listing Goal on MoneyTV with Donald Baillargeon

Technology and investment company SinglePoint (OTCQB: SING) was featured on this week’s episode of MoneyTV with Donald Baillargeon. The program is internationally syndicated and covers money-focused topics, featuring in-depth interviews from various company CEOs and executives offering insights into their operations and future outlooks. SinglePoint CEO Greg Lambrecht appeared on this week’s program and discussed the company’s goal of uplisting to the NASDAQ. “I think that we can hit the necessary revenue needed to go up to NASDAQ maybe within this next year, and then also get our price up to where we fit all the criteria,” SinglePoint CEO Greg…

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ThursdayApr 04, 2019 3:12 pm

NetworkNewsBreaks – Sproutly Canada Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) Fostering Innovation in the Cannabis Industry

Sproutly Canada (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G), a Canadian-licensed producer (“LP”), recently acquired Infusion Biosciences to bring to market its patent-pending aqueous phytorecovery process (“APP”) technology. A recent article discussing the technology reads, “Fundamentally, Sproutly Canada is uniting advanced cannabis cultivation and transformational technologies to redefine the cannabis industry. It is replacing traditional water-compatible solutions with true natural water solubility. This improves the body’s ability to use cannabinoids and makes the effect of cannabis almost instantaneous. . . . The APP technology maintains stability without altering cannabis compounds. Additionally, the technology provides offset and onset times that mirror the…

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ThursdayApr 04, 2019 3:06 pm

NetworkNewsBreaks – QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) on Track for Growth as Lithium Demand Increases

British Columbia-based company Quantum Minerals (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) is engaged in the exploration and development of its flagship property, the Irgon Lithium Mine Project. The company believes there is significant potential to quickly increase tonnage at the major spodumene-bearing lithium project and aims to leverage the rising global demand for lithium. An article discussing the company reads, “QMC subsequently plans to bring the Irgon property into production. The company’s onsite geologists recently reported visual confirmation of substantial spodumene mineralization within the core samples gained from the initial phase of drilling (http://nnw.fm/M6jD6). . . . With increasing demand for…

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ThursdayApr 04, 2019 11:32 am

NetworkNewsBreaks – Electra Meccanica Vehicles Corp. (NASDAQ: SOLO) Closes $12M Registered Direct Offering

Electra Meccanica Vehicles (NASDAQ: SOLO), a designer and manufacturer of electric vehicles, recently announced the closing of its registered direct offering of 3,333,334 common shares at a price of $3.60 each which resulted in gross proceeds of approximately $12 million. Roth Capital Partners, LLC, The Benchmark Company, LLC, and ThinkEquity, a division of Fordham Financial Management, Inc., served as co-lead placement agents for the offering. After underwriting discounts, commissions and other estimated offering expenditures, the net proceeds of the offering total about $11 million. To view the full press release, visit http://nnw.fm/ipRU0 About Electra Meccanica Vehicles Corp. Electra Meccanica (NASDAQ:…

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ThursdayApr 04, 2019 10:07 am

NetworkNewsBreaks – Sharing Services Global Corporation (SHRG) Announces New Trading Symbol to Coincide with Recent Name Change and International Growth Strategy

Diversified holding company Sharing Services Global Corporation (SHRG) this morning announced the Financial Industry Regulatory Authority’s (“FINRA”) approval of a change in its ticker symbol to “SHRG,” effective at the opening of trading on April 4, 2019. The new symbol better reflects the company’s international growth strategy and coincides with its recent name change to Sharing Services Global Corporation (formerly Sharing Services Inc.). In addition, new CUSIP number 819536103 was assigned to the company’s common stock in connection with the name and symbol change. “We are pleased to have our trading symbol changed to better reflect our new name, which…

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ThursdayApr 04, 2019 9:31 am

NetworkNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Launches Mango CBD Relief Product Containing 90mg CBD and 10mg THC

Leading California edibles manufacturer Plus Products (CSE: PLUS) (OTCQB: PLPRF) this morning announced the launch of its newest “Mango CBD Relief” product, which, in each gummy, contains 4.5MG of CBD and .5MG of THC. The new product is already available at some of the more than 250 California retailers that carry the PLUS product line. “Mango CBD Relief is a reimagining of what it means to deliver a high quality CBD experience. As one of the leading brands in California, the largest cannabis market in the world, PLUS is in a unique position to test products at scale,” PLUS CEO…

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