NetworkNewsBreaks Archive - Page 405 of 1741

FridayMay 13, 2022 1:21 pm

NetworkNewsBreaks – Monterey Capital Acquisition Corporation (NASDAQ: MCACU) Announces $80M Initial Public Offering

Monterey Capital (NASDAQ: MCACU) recently announced the pricing of its initial public offering of 8,000,000 units at $10.00 per unit. The units are listed on the Nasdaq Global Market and commenced trading under the ticker symbol MCACU on May 11, 2022. According to the announcement, each unit consists of one share of Class A common stock, one redeemable warrant and one right to receive one-tenth (1/10) of one share of Class A common stock upon consummation of the company's initial business combination. Each warrant entitles the holder to purchase one share of Class A common stock, each at a price…

FridayMay 13, 2022 1:07 pm

NetworkNewsBreaks – FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) Engaging Directly with Farmers in Design of ‘Plant-in-a-Box’ System

FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF) is rolling out its scalable, containerized “plant-in-a-box” that uses a carbon-free process to make pure green ammonia. “The company’s first demonstration system will launch on a farm in Manitoba, Canada, later this year, followed by two additional demonstration systems in coming months,” a recent article reads. “In keeping with FuelPositive’s focus on serving the agricultural industry, which consumes 80% of the current global supply of ammonia for fertilizer, the company announced recently that Pollara Strategic Insights will become a corporate market research partner. In addition, University of Guelph (Ontario) associate research professor Leith Deacon will…

FridayMay 13, 2022 12:52 pm

NetworkNewsBreaks – LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Leveraging LN to Become Crucial Player in Quest for Worldwide Bitcoin Adoption

LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a company focused on developing institution-grade payment infrastructure, liquidity and solutions for the Lightning Network (“LN”), released its platform-as-a-service offering (“PaaS”) in November 2021. At that time, the company also launched its first Lightning Network node in the United States. “The Lightning Network is a layer 2 payment protocol layered on top of a blockchain-based cryptocurrency and was created to solve the overall bitcoin scalability problem,” a recent article reads. “In addition, LQwD has released Lightning Network nodes in Ireland, Germany, Indonesia, Italy, Singapore, Sweden, England, India, and France. The company is leveraging the…

FridayMay 13, 2022 12:36 pm

NetworkNewsBreaks – Laredo Oil Inc. (LRDC) Capitalizing on Simplicity to De-Risk, Increase Production, Be Profitable

Laredo Oil (OTC: LRDC) CEO and Chair Mark See was a featured guest in a recent Bell2Bell Podcast episode in which he discussed Laredo’s management, focus and strategy. The company, which is led by executives and board members who have, on average, 30 to 40 years of experience in the oil and gas space, is in the business of profitably producing domestic oil. “Our niche is twofold,” See stated. “We’ve identified over 20 billion barrels of oil in the United States that the majors and larger independents left behind… That presents an opportunity for quality assets that they just go…

FridayMay 13, 2022 12:15 pm

NetworkNewsBreaks – Riot Blockchain Inc. (NASDAQ: RIOT) Announces Record Q1 2022 Results, Current Operational and Financial Highlights

Riot Blockchain (NASDAQ: RIOT), an industry leader in Bitcoin (“BTC”) mining and hosting, recently reported financial results for the three-month period ended March 31, 2022. “We are extremely proud of the progress that Riot continues to make, having achieved record levels of net income, revenue, hash rate and Bitcoin mined in the first quarter,” said Jason Les, CEO of Riot. “Our vertically integrated business strategy of owning, operating and manufacturing has accelerated our growth while helping insulate us from continuing global supply chain issues. Over the remainder of 2022 and beyond, Riot plans to build upon the solid foundation set…

FridayMay 13, 2022 12:09 pm

NetworkNewsBreaks – HIVE Blockchain Technologies Ltd. (TSX.V: HIVE) (NASDAQ: HVBTF) (FSE: HBF) Intends to Complete 5-to-1 Share Consolidation

HIVE Blockchain Technologies (TSX.V: HIVE) (NASDAQ: HIVE) (FSE: HBF) has announced a consolidation of its common shares based on five preconsolidation common shares being exchanged for one postconsolidation common share. The company currently has 411,209,923 listed and outstanding common shares; the consolidation would result in an estimated 82,241,984 common shares being issued and outstanding. According to the announcement, HIVE anticipates the shares to start trading on both the TSX Venture Exchange and the Nasdaq market around May 20, 2022. The purpose of the move is to attract a broader range of shareholder, gain increased liquidity and add shareholder value. The…

FridayMay 13, 2022 12:03 pm

NetworkNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) Announces Q3 Fiscal 2022 Financial Results, Provides Business Update

InMed Pharmaceuticals (NASDAQ: INM) is a leader in the research, development, manufacturing and commercialization of rare cannabinoids. The company today announced financial results for the third quarter ended March 31, 2022. “The third quarter of fiscal 2022 saw noticeable advancements across all of our programs, including commencing sales of the rare cannabinoids CBDV and CBT as raw ingredients for the health and wellness industry,” said Eric A. Adams, InMed president and CEO. “For the remainder of fiscal 2022, we will remain focused on driving our commercial operations by expanding our product portfolio, increasing sales of our existing and new rare…

FridayMay 13, 2022 11:49 am

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Q2 Preliminary Financial Results

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced preliminary financial results (subject to change) for its period ending March 31, 2022. Among the highlights, the company reported cash and cash equivalents amounting to $65.2 million, as well as total debt of $22.1 million continuing its downward trend. In May 2022, Mullen signed a proposal with Thurner Design for the vehicle development of the Mullen FIVE RS, a high-performance EV sport crossover vehicle featuring close to 1,100 HP, 0-60 mph in just 1.95 seconds, and 200 mph top speed. Further, Mullen FIVE reservations increased substantially and more…

ThursdayMay 12, 2022 2:57 pm

NetworkNewsBreaks – Industrial Nanotech Inc. (INTK) Continues Ambitious Plan to Invest in Disruptive Tech, Increase Revenue Streams, Recruit Skilled Talent

Industrial Nanotech (OTC: INTK), a global leader in advance nanotechnology-based solutions for energy efficiency and sustainability, is continuing to roll out an ambitious growth plan that includes investing in groundbreaking technologies, increasing revenue streams, as well as building a team of skilled professionals to innovate its business while continuing to deliver value to customers and shareholders. The firm announced that it has expanded its recruitment plans across geographical markets in the U.S., Europe, the U.K., UAE, and Asia. “Industrial Nanotech uses nanotechnology to develop eco-friendly products and solutions that are cost-efficient, save energy, and are safe in the workplace. We…

ThursdayMay 12, 2022 2:46 pm

NetworkNewsBreaks – Canaan Inc. (NASDAQ: CAN) Announces Plans to Release Q1 2022 Financial Results

Canaan (NASDAQ: CAN), a leading high-performance computing solutions provider, plans to report its financial results for the first quarter 2022, the period ended March 31, 2022; that information will be released on May 19, 2022, before the U.S. market opens. In addition, the company has scheduled a call to discuss the financial report; members of Canaan’s management team will host the call, which is slated to begin at 8 a.m. ET on May 19. Those interested in participating in the Canaan Inc. First Quarter 2022 Earnings Conference Call must register beforehand and will receive dial-in numbers, a Direct Event passcode and…

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