NetworkNewsBreaks

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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FridayMar 02, 2018 12:47 pm

NetworkNewsBreaks – Petrogress, Inc. (PGAS) Poised to Capitalize on Growing U.S. LNG Export Market

Diversified marine transport and offshore services company Petrogress, Inc. (OTC: PGAS) seeks to utilize its shipping expertise to enter U.S. to enter the U.S. liquefied natural gas (“LNG”) export market. An article discussing the company reads: “PGAS has set up a number of American business units to join the export extravaganza. Petrogress Oil & Gas Energy Inc., in Texas, will handle trading and logistics, while a sister subsidiary incorporated in Delaware, Navigas Carriers Inc., will manage natural gas activities. Through Navigas Carriers, PGAS plans to begin leasing LNG tankers to enter this lucrative LNG export market. To complement the shipping…

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FridayMar 02, 2018 11:28 am

NetworkNewsBreaks – Skinvisible, Inc. (SKVI) Offers Long-term Protection Against Highly Contagious Viruses

Skinvisible’s (OTCQB: SKVI) antiseptic hand sanitizer lotion, DermSafe®, incorporates the company’s proprietary Invisicare® drug delivery technology and is 99.9 percent effective against a list of deadly bacteria and viruses. An article discussing the company reads: “One application of DermSafe provides a four-hour protective barrier that binds to the skin and actively combats the spread of germs between people and hard surfaces. The active ingredient is four percent chlorhexidine gluconate (CHG), the same active ingredient found in soaps used in hospital operating rooms. DermSafe offers long-term protection and destroys both gram-negative and gram-positive bacteria and viruses (http://nnw.fm/8dJbP). It has been tested…

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FridayMar 02, 2018 11:22 am

NetworkNewsBreaks – Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) (FRA: 6F6) (WKN: A2AKL8) Demonstrates Success in Recent Months

Blockchain-focused venture builder Victory Square Technologies’ (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8) stock price has climbed dramatically in recent months, marking an exciting time for the company. An article discussing the company reads: “Victory Square’s stock has enjoyed an impressive boost in a short amount of time, climbing from $0.298 in October 2017 to an impressive $3.32 by December 2017. As of February 27, the company’s price has remained well above $2.00 per share. … Victory Square operates on the idea that impactful companies are built upon experimentation of bold ideas, and entrepreneurs working with the company have…

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