NetworkNewsBreaks

TuesdayMar 06, 2018 11:14 am

NetworkNewsBreaks – Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTF) Announces Acquisition of Thrudermic, LLC

Vancouver-based biopharmaceutical company Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTF) this morning announced its acquisition of Thrudermic, LLC, a privately-held North Carolina company. Per the update, Pivot will pay $1.00 for all of the listed and outstanding units of Thrudermic and issue an aggregate of 500,000 shares in the capital of Pivot to Dr. Joseph Borovsky and Dr. Leonid Lurya for their intellectual property portfolio, including patents, good will and know-how in connection with Thrudermic’s Transdermal Nanotechnology. Additionally, Borovsky has been appointed Pivot’s vice president, product formulation, and Lurya has been appointed Pivot’s executive director, product formulation. “Thrudermic is Pivot's…

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TuesdayMar 06, 2018 10:49 am

NetworkNewsBreaks – Consorteum Holdings, Inc. (CSRH) Subsidiary Retains Law Firm to Advise on UK Expansion

Software development and mobile solutions company Consorteum Holdings (OTC: CSRH) this morning said that its subsidiary, 359 Mobile UK Limited, has retained Joelson JD LLP as its legal adviser for its planned expansion into UK and European markets. The London-based law firm is known for its corporate and specialist advice to the gambling industry, with an emphasis on the remote sector. “I can think of no other legal firm that I would want alongside us to provide advice on all the regulatory issues that need to be addressed as we launch these exciting initiatives. The entire Consorteum team is looking…

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TuesdayMar 06, 2018 10:31 am

NetworkNewsBreaks – Global Payout, Inc. (GOHE) Subsidiary’s Strategic Partner Sponsors Athlete in US Olympic Bid

Payment solutions company Global Payout, Inc. (OTC: GOHE), through majority-owned subsidiary MoneyTrac Technology, Inc. (“MTRAC”), this morning announced that its partner, GreenBox POS, will be sponsoring San Diego-native Nate Errez in his bid to represent the United States in sprint kayaking at the 2020 Summer Olympics. “At MoneyTrac Technology, we take a tremendous amount of pride in partnering with companies and individuals who not only demonstrate the synergy needed to form a successful business partnership, but who are also dedicated to going a step above and becoming a valuable resource to the people within their communities,” Vanessa Luna, CEO of…

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TuesdayMar 06, 2018 10:24 am

NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Inks Offtake Agreement with Firebird Logistics

Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) this morning said that it has entered into a six-month agreement with Firebird Logistics LLC for 100% of the production from the company’s heavy oil extraction facility in Asphalt Ridge, Utah. Following the initial six-month term, the agreement will continue on a month-to-month basis. The monthly price will be determined by the calendar day average of the NYMEX settlement price for West Texas Intermediate Light Sweet Crude Oil, less $6.50 per barrel and adjusted for basic sediment and water. After recently completing testing of all major process systems at the facility, the company is…

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TuesdayMar 06, 2018 10:00 am

NetworkNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Posts Business Update

ABcann Global (TSX.V: ABCN) (OTCQB: ABCCF) this morning released an update regarding the company’s recent achievements and plans moving forward. Per the update, the company intends to use its recent financing of $75 million, which brought the company’s cash to over $135 million, to accelerate its growth through a disciplined capital allocation process. Abcann intends to expand its production capacity, focus on branding and product innovation, expand its Harvest Medicine platform to new locations and develop strategic partnerships in the industry. “Over the past five months we have enhanced our leadership team, strengthened our balance sheet, improved operational effectiveness and…

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TuesdayMar 06, 2018 9:37 am

NetworkNewsBreaks – PotNetwork Holding, Inc. (POTN) Subsidiary Co-Sponsors Charity Event in Southeast Asia

PotNetwork Holding, Inc. (OTC: POTN), through wholly-owned subsidiary Diamond CBD, Inc., this morning announced that it has co-sponsored the first in a series of planned charity events in Southeast Asia. “Yesterday, we had just announced this exciting partnership with Exponential, Inc.,” Richard Goulding, CEO of PotNetwork Holding, stated in the news release. “Today, we are signaling the immense global scope of this initiative that will help to seat Diamond CBD as a true global brand, while building incremental sales.” Per the update, the charity event will benefit more than a hundred at-risk youth and children living in a poor neighborhood…

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TuesdayMar 06, 2018 9:35 am

NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Releases Positive PEA Results for Driftwood Creek Magnesium Project

Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning released the results of a maiden Preliminary Economic Assessment ("PEA") on its wholly-owned Driftwood Creek Magnesium Project in British Columbia, Canada. Among other highlights, the results include a pre-tax net present value (“NPV”) of C$529.8 million and a 24.5% internal rate of return (“IRR”). The PEA study was prepared by AKF Mining Services Inc., Tuun Consulting Inc., Samuel Engineering Inc. and will be available on the company's website within 45 days. "We are extremely pleased with results of the PEA, which display Driftwood’s ability…

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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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