NetworkNewsBreaks

MondayMar 05, 2018 2:47 pm

NetworkNewsBreaks – Medical Cannabis Payment Solutions (REFG) CEO Believes Proposed Legislation on Medical Marijuana in Utah Will be a Success

Cannabis-focused financial services company Medical Cannabis Payment Solutions’ (OTC: REFG) CEO Jeremy Roberts believes that proposed legislation in Utah will be ready for consistent debate before the end of the current legislative session on March 8. An article discussing the company reads: “A medical cannabis bill that would advocate a more moderate approach and would “bridge the gap” between two very different legalization initiatives currently underway, has every chance to be successful, according to Medical Cannabis Payment Solutions (OTC: REFG) CEO Jeremy Roberts, quoted by the Deseret News (http://nnw.fm/mThT4). Roberts, who is also a member of the Utah Republican Party,…

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MondayMar 05, 2018 2:41 pm

NetworkNewsBreaks – Marijuana Company of America, Inc. (MCOA) Offers Hemp-based CBD Products through its hempSMART Line

Innovative hemp and cannabis corporation Marijuana Company of America’s (OTC: MCOA) hempSMART product line continues to deliver new industrial hemp-based CBD products to consumers. An article discussing the company reads: “MCOA delivers turnkey products and services to consumers in U.S. states where the cannabis plant’s derivatives have been legalized. While federal drug policy continues to target state-by-state normalization of cannabis for medicinal and recreational use, MCOA’s hempSMART subsidiary is turning out branded products containing industrial hemp-derived, non-psychoactive cannabidiol (CBD) formulations for retail distribution via an affiliate marketing model.” To view the full article, visit http://nnw.fm/1zN03 About Marijuana Company of America,…

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MondayMar 05, 2018 2:36 pm

NetworkNewsBreaks – Reign Sapphire Corp. (RGNP) to Launch Sapphire-backed Cryptocurrency

Direct-to-consumer jewelry company Reign Sapphire Corp. (OTCQB: RGNP) intends to launch an Initial Coin Offering (“ICO”) for its sapphire-backed cryptocurrency, Reign Coin, as soon as regulatory approval is received. An article discussing the company reads: “Reign Coins are designed to earn interest and fees through transactions, which are then shared collectively by all coin holders in the network through crypto-dividends. Dividends can be air dropped to each holder’s Reign Coin wallet. A portion of the cumulative transaction fees can be reinvested into sapphires – the asset backing each Reign Coin – which are expected to increase the currency’s base price…

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MondayMar 05, 2018 11:09 am

NetworkNewsBreaks – Avid Bioservices, Inc. (NASDAQ: CDMO) Closes $23.1M Public Offering of Common Stock

Avid Bioservices (NASDAQ: CDMO), a contract development and manufacturing organization, recently announced that it has successfully closed an underwritten public offering of 10,294,445 shares of its common stock, which includes the sale of 1,294,445 shares pursuant to the partial exercise of the over-allotment option granted to the underwriters. The shares were sold at a price of $2.25 per share, resulting in gross proceeds of $23,162,501, before deducting underwriting discounts and commissions and estimated offering expenses payable by Avid Bioservices. The company plans to use the proceeds from the offering for the expansion of its contract manufacturing business and general corporate…

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MondayMar 05, 2018 11:07 am

NetworkNewsBreaks – One Stop Systems, Inc. (NASDAQ: OSS) Underwriters Partially Exercise Over-Allotment Option in $19.5M IPO

One Stop Systems (NASDAQ: OSS), a provider of ultra-dense high-performance computing (“HPC”) systems, recently announced the close of its initial public offering (“IPO”) of 3,900,000 shares of common stock, which includes the sale of an additional 100,000 shares of common stock pursuant to a partial exercise of the over-allotment option granted to the underwriters. The shares were sold at a price of $5.00 per share, resulting in total gross proceeds to One Stop Systems of $19.5 million. Roth Capital Partners acted as sole book-running manager and Benchmark acted as co-manager for the offering. To view the full press release, visit…

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MondayMar 05, 2018 10:25 am

NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Completes Fundamental Process Systems Testing at Asphalt Ridge Facility

In a news release this morning, Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, reported that it has completed testing of all the fundamental process systems in its heavy oil extraction facility located in Asphalt Ridge, Utah, and that it has started test runs of the utility system as one of the final steps before commercial production. Petroteq has been granted all the relevant permits required to launch commercial production by the pertinent Utah agencies. Most notably, it has received an Air Exemption Permit that certifies that…

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MondayMar 05, 2018 9:23 am

NetworkNewsBreaks – Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTF) Successfully Completes C$5M Private Placement of Convertible Debentures

Pivot Pharmaceuticals (CSE: PVOT) (OTCQB: PVOTF) this morning announced the closing of its private placement of convertible debentures for gross proceeds totaling C$5 million. The company issued a total of C$5 million of 10% senior secured convertible debentures which will mature 12 months after the date of their issuance and will be convertible at the option of the holder for a period of 12 months into common shares of the company at a conversion price of C$1.74 per common share, subject to adjustment of the conversion price in certain events. Additionally, Origin Merchant Securities Inc. received a finder’s fee of…

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MondayMar 05, 2018 9:15 am

NetworkNewsBreaks – PotNetwork Holding, Inc. (POTN) Subsidiary Extends Marketing Reach through Exclusive Agreement with Exponential, Inc.

PotNetwork Holding, Inc. (OTC: POTN), through wholly-owned subsidiary Diamond CBD, Inc., this morning announced its entry into an exclusive agreement with affinity marketing company Exponential, Inc. (“XPO2”), a cause-related technology marketing firm that develops white-label e-commerce platforms serving charities, clubs and non-profit organizations globally. As the exclusive XPO2 CBD product supplier, Diamond CBD is expected to provide all 18 of its top quality CBD brands to XPO2’s extensive network of hundreds of major participating online merchants, including Best Buy, Walmart, Groupon, Macy’s, Skechers, Nike, Staples and other industry leaders. “This new commercial partnership with XPO2 represents a major milestone for…

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FridayMar 02, 2018 3:31 pm

NetworkNewsBreaks – Global Hemp Group, Inc. (CSE: GHG) (FRANKFURT: GHG) (OTC: GBHPF) Pursues its Share of America’s Prosperous Cannabis Industry

Global Hemp Group, Inc. (CSE: GHG) (FRANKFURT: GHG) (OTC: GBHPF) is employing a “Soil-to-Shelf” strategy for development of hemp in Canada and the United States. An article discussing the company reads: “Global Hemp plans to apply for a license to extract cannabidiol (CBD) and other cannabinoids from the upcoming industrial hemp crop in New Brunswick. Discussions are also underway with potential processing partners for the extraction of cannabinoids and straw processing for building materials from this harvest in the fall of 2018, with a longer-term plan to establish permanent processing facilities by the end of 2019. Global Hemp also continues…

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FridayMar 02, 2018 12:54 pm

NetworkNewsBreaks – The Green Organic Dutchman Holdings Ltd. Thrives in Canadian Cannabis Industry

Ultra-low cost organic cannabis producer The Green Organic Dutchman Holdings Ltd., also known as TGOD, is on track to become one of the world’s largest, most technically advanced cannabis producers. An article discussing the company reads: “Headquartered in Hamilton, Ontario, The Green Organic Dutchman Holdings Ltd., known as “TGOD”, has formed strategic alliances with industry leaders with a view to becoming the world’s largest organic cannabis company. To achieve this goal, the company has taken an approach unique in the cannabis industry, by growing cannabis organically at a low cost, expanding its cultivation facilities to scale, hiring world class senior…

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