NetworkNewsBreaks

WednesdayMay 10, 2023 2:18 pm

NetworkNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Announces Results of 2023 Annual Meeting

Lexaria Bioscience (NASDAQ: LEXX, LEXXW), a global innovator in drug delivery platforms, today announced the results of the 2023 Annual Meeting. According to the update, the company held the meeting at 1:00 p.m. PT on May 9, 2023, whereby there were 3,372,024 shares of the company represented in person or by proxy, constituting 56.3% of the company's issued share capital as of the meeting date of March 13, 2023. The matters voted upon and the final voting results are set forth as detailed in the announcement. All proposals are described in detail in Lexaria’s proxy statement filed with the Securities…

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WednesdayMay 10, 2023 1:49 pm

NetworkNewsBreaks – Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Issues Corporate Update, Extends Term of Outstanding Convertible Debentures

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF) today provided a corporate update and announced that it intends to extend the term of certain outstanding convertible debentures, which currently have a maturity date of May 31, 2023. According to the update, the debentures were originally issued in May of 2020, with a three-year term. On May 21 and 29, 2020, Ucore issued 1,280 and 1,520 convertible debentures respectively, with a face value of $1,000 each for total gross proceeds of $2.8 million. These unsecured debentures bear interest at a rate of 7.5% payable semi-annually and mature on May 31, 2023. Per…

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WednesdayMay 10, 2023 1:39 pm

NetworkNewsBreaks – FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A) Announces Completion of Phase 1 Dosing in MS Clinical Trial

FSD Pharma (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A), a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions for the treatment of challenging neurodegenerative, inflammatory and metabolic disorders, has completed dosing the first cohort of patients in its phase I clinical trial of Lucid-21-302 (Lucid-MS). According to the announcement, the study, which is being conducted by Lucid Psycheceuticals, the company’s wholly owned subsidiary, is the first-in-human study designed to evaluate Lucid-MS as a novel drug candidate for the treatment of multiple sclerosis (“MS”). A small molecule inhibitor of hypercitrullination, Lucid-MS is a patented first-in-class, new chemical…

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WednesdayMay 10, 2023 1:30 pm

NetworkNewsBreaks – Reflex Advanced Materials Corp. (CSE: RFLX) (OTC: RFLXF) (FWB: HF2) Confirms High Density Graphite Material at Ruby Project

Reflex (CSE:RFLX) (OTC: RFLXF) (FWB: HF2) today announced results of preliminary metallurgical findings for its natural vein graphite at its Ruby Graphite deposit located in southwest Montana. Initial testing conducted by American Energy Technologies Company (“AETC”) enabled measuring of the specific surface area, which had values of less than 5 m 2 /g, indicative of graphite material with very low porosity, a prerequisite of high-density graphite. “We are very pleased that graphite material was left on the Ruby property from original mining operations in the 1940s, enabling us to evaluate the material using modern metallurgical techniques,” said Paul Gorman, CEO…

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WednesdayMay 10, 2023 1:18 pm

NetworkNewsBreaks – Sharing Services Global Corporation (SHRG), Subsidiary Launch New Nootropic Energy Beverage

Sharing Services Global (OTCQB: SHRG) and its wholly owned subsidiary, The Happy Co., have launched a new product called PerX(TM). A refreshing nootropic energy drink, PerX Berry Blast supports mental focus and increased energy. The Happy Co. is a leading producer and distributor of nootropic, functional beverage products with a focus on health and wellness. The announcement noted that a 30-day supply of PerX is available via the company’s network of independent brand partners on the company’s website. “This tasty drink delivers ultimate mental focus and healthy, happy energy to the ‘X' power," said Sharing Services CEO John "JT" Thatch in the…

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WednesdayMay 10, 2023 1:11 pm

NetworkNewsBreaks – Cepton Inc. (NASDAQ: CPTN) Announces Q1 2023 Results, to Host Live Call and Webcast

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, today announced business updates and financial results for the first quarter ended March 31, 2023. Among the business highlights, Cepton reported OEM series production execution and that it is on-track to receive final production validation for salable vehicles and continue to ship pre-production lidar units for multiple vehicle models. In addition, Cepton has completed final implementation of embedded software, including cybersecurity, over-the-air updates, functional safety and multiple custom features for OEMs. As detailed in the announcement, the company will host a live conference call and webcast to…

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WednesdayMay 10, 2023 1:03 pm

NetworkNewsBreaks – SideChannel Inc. (SDCH) Releases Financial Report, Shows 30.9% YOY

SideChannel (OTCQB: SDCH), a provider of cybersecurity services and technology to emerging and middle market companies, is reporting its financial results for the three months and six months ended March 31, 2023. Highlights of the report show $1.6 million revenue an increase of 30.9% from Q2 2022; 4.6% sequential quarter growth; gross margin of 45.6%; net loss of $0.9 million or $0.01 per share; and $5.7 million trailing 12-month revenue; Other notable figures include 83% revenue retention for the 12-month period ended March 31, 2023, and new-client contracts representing $2 million potential annual revenue. As of March 31, the company reported…

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TuesdayMay 09, 2023 4:02 pm

NetworkNewsBreaks – Zeeve Partner Enters Strategic Collaboration with Polygon Labs

Zeeve, a top-tier Web3 infrastructure-as-a-service platform compliant with ISO 27001, SOC2 Type2, and GDPR standards, today announced that it has joined forces with Polygon Labs to serve as a key infrastructure provider and implementation partner for Polygon Supernets. The collaboration aims to simplify the deployment and management of app-chains on Polygon Supernets, making it easier for businesses and developers to launch their own blockchain and related infrastructure. “We are pleased to announce our collaboration with Zeeve Inc. as a Supernets Implementation Partner. Zeeve’s strong capabilities in enterprise-grade AppChain deployments and dedication to innovation and excellence resonate well with our values…

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TuesdayMay 09, 2023 3:47 pm

NetworkNewsBreaks — Cepton Inc. (NASDAQ: CPTN), NVIDIA Collaborating to Integrate Leading Lidar Tech into Driving Simulation Platform

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, is collaborating with NVIDIA to incorporate its Vista-X120 Plus lidar into DRIVE Sim, an end-to-end simulation platform built on Omniverse. The company noted that the announcement builds on previous integrations of its automotive lidar models that were used for the development of autonomous driving algorithms, sensors and software. In fact, the announcement noted that Cepton was one of the first lidar companies to showcase a 360-degree-coverage, dual-range lidar simulation; this tech was key in developing near-range blind spot elimination and long-range obstacle detection. The collaboration involves Cepton providing simulated sensor…

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TuesdayMay 09, 2023 3:04 pm

NetworkNewsBreaks – Jupiter Wellness Inc. (NASDAQ: JUPW) Announces ‘Significant Milestone’ with Issuance of Patent

Jupiter Wellness (NASDAQ: JUPW), a wellness company focused on hair metabolism and skin therapies, has been issued a patent. The company stated that the patent, No. US 11,628,132, marked “a significant milestone in the development of innovative treatments for androgenetic alopecia, or hair loss. This foundational patent is a crucial component of the company's ongoing pursuit of the vast hair loss market.” According to the announcement, the technology covered by the patent focuses on increasing the efficacy of minoxidil, a widely used hair-loss treatment, used in a novel manner that could have the potential for a breakthrough solution for the…

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