NetworkNewsBreaks Archive - Page 376 of 1737

WednesdayJun 22, 2022 4:10 pm

NetworkNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Announces Q1 2022 Financial Results

Bit Digital (NASDAQ: BTBT), a digital asset mining company headquartered in New York, today announced its unaudited financial results for the first quarter ended March 31, 2022. Among the highlights, the company reported $8.0 million in bitcoin mining revenue and $0.5 million in ethereum mining for the first quarter of 2022. Management commentary reads as follows: “The first quarter of 2022 marked the first full quarter in which 100% of our mining fleet was on North American soil. With migration complete, our focus remains deploying our fleet while remaining a leader in sustainability. We're proud of our progress and especially…

WednesdayJun 22, 2022 3:14 pm

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Files 130+ US, International Patent Applications for Mullen FIVE EV Crossover

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that it has filed over 130 patents in 24 countries in support of the Mullen FIVE EV Crossover program. Per the update, the 130-plus patent applications relate to Mullen FIVE EV’s design and styling of its exterior and interior. They include areas such as vehicle bodywork, headlights and taillights, doors, mirrors, rims, headliners, seats and steering. “We fully intend to make the Mullen FIVE available around the world, and these patents, including filings in 24 international countries, show our intended commitment to do so,” said David Michery, CEO…

WednesdayJun 22, 2022 2:52 pm

NetworkNewsBreaks – Cybin Inc. (NYSE American: CYBN) (NEO: CYBN) Announces Business Highlights, FY 2022 Results

Cybin (NYSE American: CYBN) (NEO: CYBN), a biopharmaceutical company focused on progressing “Psychedelics to Therapeutics(TM),” today reported recent business highlights and audited financial results for its fiscal year ended March 31, 2022. In addition, the company reiterated its anticipated pipeline and strategic milestones for the remainder of 2022. “Cybin made important progress across the board in recent months, accelerating both our pipeline of proprietary investigational psychedelic-based treatments and strategic partnership programs. Our successful preclinical work has set the foundation for a seamless transition to in-human trials,” said Cybin CEO Doug Drysdale. “Over a very short time horizon, we have evolved…

WednesdayJun 22, 2022 2:39 pm

NetworkNewsBreaks – EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQB: EVGIF) Acquisition News Featured in NNA Broadcast

EverGen (TSX.V: EVGN) (OTCQB: EVGIF), Canada’s renewable natural gas (“RNG”) infrastructure platform, is featured in a recent NetworkNewsAudio (“NNA”) broadcast. The focus of the audio broadcast is the company’s recent decision to acquire a 50% interest in a portfolio of RNG development projects through a definitive agreement with Northeast Renewables LP. According to the announcement, EverGen will acquire a 50% interest in Project Radius, a late-development-stage portfolio of three high-quality, on-farm RNG projects located in southern Ontario. The company anticipates that the three projects are capable of producing an estimated 1.7 million GJ/year of RNG, which will contribute to the…

WednesdayJun 22, 2022 2:03 pm

NetworkNewsBreaks – BlockQuarry Corp. (BLQC) Featured on Stock Day Podcast

BlockQuarry (OTC: BLQC), a company that focuses on cryptocurrency mine hosting and self-mining operations at its leased property in the Southeast U.S., was featured on a recent episode of the Stock Day Podcast. BlockQuarry’s Founder and President Alonzo Pierce joined Stock Day host Sever Copley to discuss the first phase of the company’s mining operations, as well as what investors can look forward to for the rest of the year and beyond. “Phase one is going great... We are currently running at full capacity, at 20 megawatts. The best is yet to come… Our host model and the revenues allow…

WednesdayJun 22, 2022 1:51 pm

NetworkNewsBreaks – 2022 Cannabis Drinks Expo to Shine the Spotlight on Top Names, Cutting-Edge Innovations

Cannabis Drinks Expo, a super hit business-to-business (“B2B”) trade show, returns in July. With the theme “Growing the Category,” this year’s show will provide the cannabis and drinks industry a unique platform to expand business, explore the segment and source amazing brands. The event will share insight on this burgeoning category and the development of new products while offering existing brands networking opportunities with state manufacturers for national expansion. Retailers and distributors will find assistance to develop store-owned brands, discover ideas for marketing and selling their cannabis beverages and growing consumer market share. Topics will include the planning stages of…

WednesdayJun 22, 2022 10:20 am

NetworkNewsBreaks – PIXELYNX Announces Partnership with, Investment in New Cloud-Based Interactive Platform

PIXELYNX, the music metaverse platform founded by notable DJs Joel Zimmerman, aka deadmau5, and Richie Hawtin, aka Plastikman, is partnering with Oorbit, a new type of cloud-based interactive platform with interoperable AAA-quality games and virtual worlds, to provide browser-based music and entertainment experiences. The long-term collaboration entails PIXELYNX utilizing the Oorbit platform to create fresh, innovative experiences from leading artists, labels, IP holders and brands. According to the announcement, Oorbit is particular about which companies it works with and is committed to partnering with only the best companies that feature top building skills and communities. The new partnership will allow…

TuesdayJun 21, 2022 3:31 pm

NetworkNewsBreaks – Correlate Infrastructure Partners Inc. (CIPI), Abundant IoT Collaborate to Launch Revenue Generation Program for Commercial Real Estate Owners

Correlate Infrastructure Partners (OTCQB: CIPI) is a technology-enabled energy optimization and clean energy solutions provider for the U.S. commercial real estate industry. The company today announced the launch of the Correlate Portfolio Health Program with Abundant IoT, dedicated to co-developing a revenue generation program for commercial real estate owners. A portfolio-scale real estate platform, Correlate Infrastructure Partners reduces friction between property owners and service providers to improve net operating income while meeting environmental, social and governance (“ESG”) goals. Abundant IoT is a global technology aggregation services provider focused on IoT and energy services. “The path to full decarbonization will take…

TuesdayJun 21, 2022 3:11 pm

NetworkNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Enters Strategic Manufacturing, License Agreements with BevNology

Lexaria Bioscience (NASDAQ: LEXX, LEXXW), a global innovator in drug delivery platforms, today announced the signing of two agreements with Atlanta-based BevNology LLC. According to the update, the first manufacturing operating agreement expands production capabilities for Lexaria’s own growing list of business-to-business (“B2B”) clientele interested in purchasing DehydraTECH-powered active ingredients for consumer packaged-goods brands. A new, state-of-the-art processing facility custom-built by BevNology is operational that increases and broadens production capacity and is currently serving Lexaria’s corporate clients. The second commercial license agreement empowers BevNology to offer DehydraTECH products with active ingredients derived from hemp including cannabidiol (“CBD”) under BevNology and…

TuesdayJun 21, 2022 2:35 pm

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Extension of Senior Secured Convertible Note

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that it has extended the maturity of a senior secured convertible note of $28 million, originally due in July 2022, by two years. According to the update, the company originally entered into a secured convertible promissory note on July 23, 2020, with DBI Lease Buyback Servicing LLC, an affiliate of Drawbridge Investments LLC. An existing Mullen shareholder, Esousa Holdings LLC, has acquired the note from Drawbridge and entered into an agreement with Mullen to extend the note’s maturity date. Originally scheduled to mature on July 28, 2022, the…

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