NetworkNewsBreaks

TuesdayFeb 06, 2018 3:28 pm

NetworkNewsBreaks – CymaBay Therapeutics, Inc. (NASDAQ: CBAY) Closes $144M Public Offering

CymaBay Therapeutics, Inc. (NASDAQ: CBAY) recently announced the closing of a public offering of 13.34 million shares, including the sale of additional 1,740,000 shares of common stock pursuant to the full exercise of the over-allotment option granted to the underwriters. The common stock public offering was part of a bid to fund the ongoing development of its drug Seladelpar, a treatment for autoimmune liver disease, primary biliary cholangitis (“PBC”) and nonalcoholic steatohepatitis (“NASH”). The company sold the shares at an offering price of $10.80 per share resulting in the gross proceeds of approximately $144 million prior to underwriting discounts and…

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TuesdayFeb 06, 2018 11:09 am

NetworkNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Enters Agreement to Create Cannabis-infused Edibles Utilizing DehydraTECH™ Delivery Technology

Lexaria Bioscience (CSE: LXX) (OTCQB: LXRP) recently entered an agreement with a cannabis-infused edibles manufacturer, Cannfections Group Inc. The agreement is expected to generate new cannabis-based edible products using Lexaria’s patented DehydraTECH™ delivery technology. An article discussing the agreement reads: “On January 25, 2018, Lexaria Bioscience Corp. (OTCQX: LXRP) (CSE: LXX) announced that it had entered into a seven-year agreement with Cannfections Group Inc. to provide its patented DehydraTECH™ technology for the development of a new range of cannabis-infused chocolates and gummies (http://nnw.fm/9DgLc). Cannfections is a new company, established by one of Canada’s leading chocolate manufacturers with over 85 years…

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TuesdayFeb 06, 2018 11:03 am

NetworkNewsBreaks – Medical Cannabis Payment Solutions (REFG) Solving the Banking Nightmare of the Medical Marijuana Industry

Medical Cannabis Payment Solutions (OTC: REFG) is a cannabis-focused financial services company committed to providing end-to-end management for medicinal marijuana operations. An article discussing the company reads: “Based in Nevada, the corporation serves the medical marijuana sector. As a merchant processing pioneer of the marijuana industry, Medical Cannabis Payment Solutions brought to the market the first and only comprehensive card processing service. Via Green, a proprietary payment system that was launched earlier in January 2018, the company aims to offer a “cure for the banking nightmare cannabis establishments face,” according to CEO Jeremy Roberts. The platform has full merchant account…

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TuesdayFeb 06, 2018 10:55 am

NetworkNewsBreaks – ORHub, Inc. (ORHB) Secures Additional $3.2M to Expand Marketplace Reach

Advanced medical software company ORHub, Inc. (OTC: ORHB) this morning announced that it has successfully raised an additional $3.2 million to further the company’s reach into the marketplace with its revolutionary healthcare IT Vertical Specific Software, a groundbreaking platform aiming to deliver real-time, case-based surgical data analytics. The announcement comes on the heels of ORHub’s recent warrant program, completed in late 2017, which yielded $3.8 million in working capital. All told, ORHub has now raised more than $7 million in funding over the past 60 days. “We are very pleased with having the resources and capability to harness and propel…

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TuesdayFeb 06, 2018 10:22 am

NetworkNewsBreaks – Global Payout, Inc. (GOHE) Subsidiary Enters Sales Partnership Agreement with Eyeconic.tv

Payment solutions company Global Payout, Inc. (OTC: GOHE), through majority-owned subsidiary MoneyTrac Technology, Inc. (“MTRAC”), this morning announced that it has executed a sales partnership and commission agreement with award-winning retail technology company Eyeconic.tv, operator of the Eyechronic cannabis media network that has successfully partnered with almost 300 medical and retail dispensaries throughout the U.S. Per the terms of the agreement, MTRAC will effectively incorporate Eyeconic.tv’s retail technology products and in-store media services in an effort to better reach customers of the multibillion dollar cannabis industry. “Establishing this sales partnership with Eyeconic.tv is an incredibly effective way to deliver more…

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TuesdayFeb 06, 2018 9:31 am

NetworkNewsBreaks – SinglePoint, Inc. (SING) Uplists to OTCQB Venture Market

Specialized holding company SinglePoint, Inc. (OTCQB: SING) this morning announced that it is now trading on the OTCQB Venture Market, which requires a higher level of transparency and helps provide increased investor confidence through continued verification of information. “We are extremely pleased to be approved for OTCQB. It is a great step for SinglePoint as we continue to grow and build our footprint,” Greg Lambrecht, CEO of SinglePoint, stated in the news release. “Increased transparency and credibility will help broaden our shareholder base and provide additional exposure to the institutional investor community, ultimately contributing to increasing shareholder value.” Per the…

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MondayFeb 05, 2018 12:04 pm

NetworkNewsBreaks – Q Biomed Inc. (QBIO) Closes $5.48M Public Offering

Q BioMed (OTCQB: QBIO) recently announced the closing of its public offering of 1,711,875 units at a public offering price of $3.20 per unit for gross proceeds of $5.48 million. Each unit consists of one common share and one warrant. Roth Capital Partners acted as lead placement agent and CIM Securities acted as co-lead placement agent for the offering. The company intends to use the proceeds from the offering toward the launch of its non-opioid FDA approved Strontium Chloride 89 USP Injection (SR89) as well as toward the initiation of various pivotal clinical programs in 2018. "This capital sets up…

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MondayFeb 05, 2018 11:17 am

NetworkNewsBreaks – Global Payout, Inc. (GOHE) Subsidiary Adds Fintech Veteran to Management Team

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced its appointment of Bill Rochfort to the positions of president and EVP Sales for its newly-formed logistics subsidiary, SecurCapital Corp. Rochfort brings 25 years of fintech experience to the SecurCapital team – including time as an officer with Premier Global Services, Intermedia, Sprint and Cbeyond – and is noted as an early adopter of cloud architecture. “We're very excited to have Bill join our senior team of logisticians at SecurCapital at this pivotal time as the company launches its SecurCloud Platform,” James Hancock, CEO of Global Payout, stated in…

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MondayFeb 05, 2018 11:12 am

NetworkNewsBreaks – Teewinot Life Sciences Subsidiary Granted New Broad Claiming U.S. Patent

Cannabinoid-based pharmaceuticals company Teewinot Life Sciences, along with its wholly-owned Irish subsidiary, Teewinot Technologies, Ltd., this morning announced the grant of U.S. Patent No. 9,879,292. The newly granted patent covers biosynthetic production of cannabinoids and cannabinoid analogs. "We are happy to announce the continued expansion of our valuable patent portfolio. Our technology platform enables standardized and cost-effective manufacturing for the expanding category of cannabinoid-based pharmaceuticals. Teewinot is currently in the process of identifying lead pre-clinical and clinical indications and are the premier, integrated biopharmaceutical company in this space with multiple US patents issued and a verifiable, scalable, plant-free biological manufacturing…

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MondayFeb 05, 2018 10:41 am

NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Receives $2.5M From Deloro

Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) this morning announced that it has received $2.5 million from Deloro Energy LLC, which is equal to the first tranche of the financing anticipated in the previously announced memorandum of understanding (“MOU”) with Deloro. Per the terms of the MOU, upon receipt of the entire first tranche, Deloro shall receive an economic royalty of 25% of the net profits of the company’s heavy oil extraction facility at Asphalt Ridge, Utah, from the date that the facility is operational. The MOU specifies that at least $2,000,000 of the first tranche shall be used toward the…

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