NetworkNewsBreaks

MondayJan 08, 2018 11:03 am

NetworkNewsBreaks – Medical Cannabis Payment Solutions (REFG) Issues Response following Attorney General’s Decision to Rescind Cole Memo

Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) this morning issued a response to Attorney General Jeff Sessions’ decision to rescind the Cole Memo and other internal enforcement guidelines from the Obama Administration that deprioritized enforcement of federal marijuana prohibition against individuals and businesses complying with state laws regarding marijuana. “Our company relied on the Cole Memo and the supplementary Treasury Department guidance in our company’s business strategy,” Jeremy Roberts, CEO of Medical Cannabis Payment Solutions, stated in the news release. “We also rely on the protections of the Rohrabacher-Farr Amendment. We believe that while the Cole Memo…

Continue Reading

MondayJan 08, 2018 9:55 am

NetworkNewsBreaks – Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) Acquires Exploration Rights for Lease Package in Smackover Formation

Lithium-focused mining company Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) this morning announced its entry into an option agreement with TETRA Technologies Inc. (NYSE: TTI) to acquire the rights to conduct exploration, production and lithium extraction activities on up to 33,000 acres of brine leases located in a highly productive area of Southern Arkansas’s Smackover Formation. “In our search for opportunities of significance, this is one that could really move the needle.  We believe the Smackover may be one of the lithium industry’s most promising regions to develop, given the potential resource size and large-scale brine-handling infrastructure in…

Continue Reading

MondayJan 08, 2018 9:13 am

NetworkNewsBreaks – IEG Holdings Corp. (IEGH) Commences Tender Offer for Stake in LendingClub Corporation (NYSE: LC), Highlights “Flawed” Business Model

Consumer loan provider IEG Holdings Corp. (OTCQB: IEGH) this morning announced the commencement of a tender offer for shares of LendingClub Corporation (NYSE: LC) by which the company aims to exchange 13 shares of its common stock for each share of LendingClub, up to an aggregate of just over 20 million shares, or 4.99 percent of LendingClub’s outstanding shares. In the news release, IEGH identified what it believes to be a number of major risks and problems with the LendingClub business model and management, including weak underwriting standards, lack of company-owned state lending licenses, unsustainable funding sources, excessive cost structure…

Continue Reading

FridayJan 05, 2018 4:57 pm

NetworkNewsBreaks – IEG Holdings Corp. (IEGH) Initiates Tender Offer for Shares of LendingClub Corp. (NYSE: LC)

IEG Holdings (OTCQB: IEGH), a provider of unsecured consumer loans, said today that it has commenced a tender offer to exchange 13 shares of the company’s common stock for each share of common stock of LendingClub Corp. (NYSE: LC) up to a total of 20,701,999 shares of LendingClub common stock. The aggregate amount represents approximately 4.99% of LendingClub’s outstanding shares as of October 31, 2017, validly tendered and not properly withdrawn in the offer. Unless it is extended further or terminated early, this offer is set to expire on February 22 at 5 p.m. ET. Complete terms and conditions of…

Continue Reading

FridayJan 05, 2018 12:00 pm

NetworkNewsBreaks – Skinvisible, Inc. (SKVI) Could Create Non-opioid Pain Solution for Rising Population of Senior Citizens

Skinvisible (OTCQB: SKVI), a topical and transdermal product development company, recently entered a non-binding merger with Quoin Pharmaceuticals Limited. The two companies are expected to deliver a non-opioid solution to pain sufferers. An article discussing this reads: “Health professionals are preparing for an expected doubling of the 65 years and older population within the next 30 years, creating medical need to address the pain that often becomes a prevalent companion to age. While modern pharmaceuticals have developed opioids and non-steroidal therapies for reducing chronic pain, the drugs are often accompanied by addiction and unwanted side effect concerns. However, Skinvisible, Inc.’s…

Continue Reading

FridayJan 05, 2018 11:53 am

NetworkNewsBreaks – Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) Intends to Capitalize on Growing Lithium Need in China

As Chinese buyers seem to be increasingly interested in Canadian lithium producers, Standard Lithium (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) is stepping up its exploration efforts in the US. The Canadian energy exploration and development company hopes to profit from the booming demand for lithium resulting from the giant auto industry in China. An article discussing this reads: “China, which has the world’s largest auto market, is undoubtedly in pole position in the EV race. The Chinese government, seeking to cap carbon emissions, plans to phase out vehicles using gasoline and diesel by 2030, after which time only EVs will…

Continue Reading

FridayJan 05, 2018 11:04 am

NetworkNewsBreaks – ORHub, Inc. (ORHB) Announces Sponsorship of DOCSF18: Digital Orthopedics Conference Hosted by UCSF

Advanced digital software company ORHub, Inc. (OTC: ORHB) this morning announced its sponsorship of the upcoming DOCSF18: Digital Orthopedics Conference Hosted by UCSF, which is scheduled for January 6-7, 2018, at the Intercontinental Hotel in San Francisco. As part of the conference, ORHub’s management team will engage in discussions with peers who are committed to advancing novel technology and platforms in order to improve and lower the cost of health care. “We are excited to sponsor this conference that is designed for the health care industry's most visionary thinkers who can catalyze the adoption of digital health technologies in orthopedics,”…

Continue Reading

FridayJan 05, 2018 10:18 am

NetworkNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Names New Chief Marketing Officer

ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) this morning announced its appointment of Sung Kang as its new chief marketing officer, effective January 8, 2018. Kang brings more than 17 years of marketing experience to the ABcann team, having previously served as the head of marketing for the Mike’s Beverage Company, Canada’s leading ready-to-drink and cider business. “Sung is a great addition to the leadership team,” Barry Fishman, CEO of ABcann, stated in the news release. “We believe his marketing expertise combined with his experience in the alcohol and consumer health industries will prove invaluable to ABcann’s future growth. He…

Continue Reading

FridayJan 05, 2018 9:49 am

NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Reports Additional Drill Results for Case Lake Lithium Project

Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced that its joint venture partner, Power Metals Corp., has unveiled additional drill results for the main dyke at Case Lake, Cochrane, Ontario. Among the highlights, drill hole PWM-17-33 includes lithium grades up to 3.02 percent Li2O over 2.0 meters and 2.84 percent Li2O over 4.0 meters. Tantalum grades at PWM-17-33 are up to 554.0 ppm Ta over 2.0 meters. The main dyke is consistently 30-35 meters exposed on surface and in shallow drill holes. Per the update, drilling at the property’s newly discovered…

Continue Reading

ThursdayJan 04, 2018 12:52 pm

NetworkNewsBreaks – Medical Cannabis Payment Solutions (REFG) Launches Cure for Cannabis Industry’s Banking Blues

Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) this morning announced the launch of Green, its best-in-class payment system for state-sanctioned cannabis. Previously called StateSourced, Green allows state-licensed cannabis establishments to electronically transact payments and complete sales with just a few clicks. “What we’re launching is the very literal cure for the banking nightmare cannabis establishments face,” Jeremy Roberts, CEO of Medical Cannabis Payment Solutions, stated in the news release. “This checks every box, from regulatory compliance, security, affordability, ease of use, integration—you name it, we’ve responded… This doesn’t function like a merchant account, it is one.  And…

Continue Reading