NetworkNewsBreaks

WednesdayMay 23, 2018 12:42 pm

NetworkNewsBreaks – US Cobalt Inc. (TSX.V: USCO) (OTCQB: USCFF) Extends Mineralization at Iron Creek Project; President Comments on Upcoming Acquisition by First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF)

US Cobalt (TSX.V: USCO) (OTCQB: USCFF) this morning reported initial results from its 2018 underground drill program at the Iron Creek project in Idaho. Per the update, all three holes met significant cobalt mineralization, expanding the known mineralization to over 1,700 feet along strike. US Cobalt shareholders recently voted 99.87% in favor of a friendly merger with First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) which is anticipated to close by the end of May 2018. “We continue to increase the known strike length at the Iron Creek Project as we work towards a maiden resource estimate later this year. US…

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WednesdayMay 23, 2018 12:01 pm

NetworkNewsBreaks – Epazz, Inc. (EPAZ) Reports Q1 2018 Financial Results

Epazz, Inc. (OTC: EPAZ), a leading provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, this morning reported its unaudited first quarter results for 2018. Among other highlights, the company reported a net income of $15,050 and revenue of $474,145, a slight increase over $473,974 for the same period of 2017, marking an improvement in the company’s financial position. Additionally, Epazz’s interest expense has dropped from $73,462 for the first quarter of 2017 to just $34,771 for the first quarter of 2018, demonstrating a considerable decrease. The company anticipates that its ZenaPay blockchain payment solution and other blockchain…

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WednesdayMay 23, 2018 11:46 am

NetworkNewsBreaks – QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF) (FSE: 3LQ) Engages SGS Canada Inc. for 2018 Exploration and Drilling Program

British Columbia-based resource company QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF) (FSE: 3LQ) this morning announced that it has engaged SGS Canada Inc. to offer technical support and consulting services for the company’s 2018 field exploration and drilling program at the Irgon Lithium Mine Property in southeast Manitoba. Per the update, SGS will provide an experienced team of engineers and geoscientists with significant technical expertise pertaining to lithium pegmatite exploration and development. This team is expected to review existing documents and geological modelling of the historical data and provide guidance to QMC on the upcoming 2018 field program and…

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WednesdayMay 23, 2018 11:31 am

NetworkNewsBreaks – Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTF) (FRA: NPAT) Subsidiary Secures Manufacturing Facility in California

Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTF) (FRA: NPAT) this morning announced that its wholly-owned U.S. subsidiary, Pivot Naturals LLC, ("PNL"), has entered a lease agreement for a manufacturing facility in Costa Mesa, California's Measure "X" Zone. PNL will immediately submit applications to acquire a Marijuana Business Permit, Conditional Use Permit and Business License. Businesses that meet the requirements to operate in Costa Mesa's Measure "X" Zone can establish research and development and testing laboratories and are permitted to conduct wholesale medical marijuana distributing, manufacturing, processing and transporting. The company intends to use the building as a state-of-the-art GMP manufacturing…

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WednesdayMay 23, 2018 10:45 am

NetworkNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Launches New Medical Cannabis Brand

ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) this morning announced the launch of its new medical cannabis brand, Beacon Medical. The company developed the brand based on a deep consumer understanding that it obtained through an exclusive study of 1,500 Canadians. The study showed that consumers needed a brand that makes the process of obtaining and using medical cannabis easier to navigate. Beacon Medical intends to help patients and their healthcare provider find the best treatment option amid the complex medical cannabis market by providing excellent customer service, simple registration and product classification, efficient purchasing and pharmaceutical-grade products. The full…

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WednesdayMay 23, 2018 10:25 am

NetworkNewsBreaks – BLOCKStrain Technology Corp. (TSX.V: DNAX) Commences Trading on TSX Venture Exchange under Symbol ‘DNAX’

BLOCKStrain Technology Corp. (TSX.V: DNAX), developer of the first integrated blockchain platform that registers and tracks intellectual property for the cannabis industry, this morning announced that its shares have commenced trading on the TSX Venture Exchange under the symbol ‘DNAX’. “This is a big day for our team, and is the culmination of many years of preparation and dedication to building a software company designed exclusively to meet the unique needs and challenges of the emerging cannabis industry,” the company notes in the news release. “We have combined the best of enterprise and decentralized ledger technology to launch the first…

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WednesdayMay 23, 2018 9:59 am

NetworkNewsBreaks – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Subsidiary to Host Media Event at the Grand Opening of New Clinic Location

Sunniva (CSE: SNN) (OTCQX: SNNVF) announced this morning that its wholly-owned subsidiary, Natural Health Services Ltd. ("NHS"), is holding an open house for media and the public at the grand opening of its clinic in Windsor, Ontario on Wednesday, May 30. NHS is Canada's largest referral network of medical cannabis patients to Licensed Producers ("LPs") with seven owned and operated patient-centric clinics throughout Canada. The NHS media event and open house will take place at the grand opening of its new clinic location at 7900 Anchor Drive, Windsor, ON. The event will be open to the media from 12:00 to…

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WednesdayMay 23, 2018 9:47 am

NetworkNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Granted Two New US Patents

Drug delivery platform innovator Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP) this morning announced that it has been granted two new U.S. patents and expects to be granted three additional Australian patents on or before August 17, 2018. Once granted, Lexaria will have four approved patents in the U.S. and four approved patents in Australia. All eight of these patents are within the company’s first patent family, ‘Food and Beverage Compositions Infused With Lipophilic Active Agents and Methods of Use Thereof’, and significantly strengthen Lexaria’s intellectual property claims. The company’s growing patent portfolio now includes more than 40 patent applications…

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WednesdayMay 23, 2018 9:28 am

NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Reports Q1 2018 Financial Results

Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, this morning reported financial results for the first quarter of 2018. The company ended the first quarter with $16.7 million in cash and short-term deposits, compared to $21.8 million on December 31, 2017. The decrease is primarily attributed to the exercise of $2.24 million of warrants in Rail Vision and to the net cash used in operating activities. Foresight increased its stake in Rail Vision, currently holding approximately 32% of its outstanding shares and approximately 35% on a fully-diluted basis. Additionally, for the three months ended…

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TuesdayMay 22, 2018 1:55 pm

NetworkNewsBreaks – Aerkomm, Inc. (AKOM) Closes Initial $5M Funding

Aerkomm (OTCQX: AKOM) recently announced that it has sold 588,236 shares of its common stock at a price of $8.50 per share in the first round of its $60 million registered offering. Total gross proceeds of $5,000,006 were raised from the offering before deducting expenses and underwriting commissions. The company intends to use the net proceeds toward general corporate purposes, such as working capital, product development and marketing activities. Additionally, if the offering raises enough capital, the company intends to use the proceeds toward the purchase of land to build its first ground station and data center in the Asia…

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