NetworkNewsBreaks

MondayNov 14, 2022 3:22 pm

NetworkNewsBreaks – Canaan Inc. (NASDAQ: CAN) Releases Q3 2022 Financial Report

Canaan (NASDAQ: CAN), a leading high-performance computing solutions provider, is reporting its unaudited financial and operating results for the three-month period ended Sept. 30, 2022. Numbers of note from the report include computing power sold during the quarter totaling 3.5 million Thash/s, a 37.1% decrease from Q2 2022 and a 48.5% from 6.7 million Thash/s in the same period of 2021. CAN revenues reached $137.5 million, a decrease of 40.8% from the second quarter 2022 and a 25.8% decrease from the same period in 2021, with gross profit coming in at$32.9 million, net income totaling $8.6 million, and non-GAAP adjusted net reaching  $23.4 million.…

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MondayNov 14, 2022 3:12 pm

NetworkNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Announces Strategic Move to Sell Alta Mesa Project, Focus on Uranium and Rare Earth Production

Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading U.S. producer of uranium and rare earth elements (“REE”), today announced its entry into a definitive agreement to sell three wholly owned subsidiaries that together hold its Alta Mesa ISR Project to enCore Energy for total consideration of $120 million (the “transaction”). The transaction, which is expected to close by the end of 2022 or early 2023, is significant for the company, as the cash received is expected to fully finance much of Energy Fuels’ uranium, REE, vanadium and medical isotope business plans for the next two to three years without…

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MondayNov 14, 2022 1:29 pm

NetworkNewsBreaks – Correlate Infrastructure Partners Inc. (CIPI) Announces Record Revenue in Q3 2022, Provides Business Update

Correlate Infrastructure Partners (OTCQB: CIPI), a tech-enabled development, finance and fulfillment platform for distributed energy solutions across North America, has announced financial results for the third quarter ended Sept. 30, 2022, and year-to-date ended Sept. 30, 2022. Among the highlights, the company reported $2,312,577 in total revenue for the three months ended Sept. 30, 2022, compared to $236,690 for the three-month period ended June 30, 2022. The significant increase resulted from completion of construction milestones in contracted projects. “We continue to make smart choices to optimize our organic project delivery based on a dynamic 2022 regulatory and supply chain landscape.…

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MondayNov 14, 2022 12:58 pm

NetworkNewsBreaks – Tingo Inc. (TMNA) Announces Strong Q3 2022 Results, Positioned for Continued Growth and Acceleration of Expansion Strategy

Tingo (OTC: TMNA) today announced that it has filed its quarterly report on Form 10-Q, wherein the company reported its financial results for the three and nine months ended Sept. 30, 2022. Among the highlights, the company reported growth in its Nwassa agri-fintech business that has driven increases of 64.8 % in revenues and 53.9 % in operating profit as compared to Q3 2021. In addition, the company reported that it has filed a definitive Information Statement on Schedule 14C, marking a major milestone towards completion of the merger of Tingo Mobile PLC, the company’s sole operating subsidiary (“Tingo Mobile”),…

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MondayNov 14, 2022 12:17 pm

NetworkNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Partners with 357 Company to Launch Cannabis Division

Flora Growth (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, is working with the 357 Company to launch 357’s Canna Logistics division. The new division is an expansion beyond 357’s Hemp Logistics segment, which ships federally legal hemp within the United States. According to the announcement, the new division will focus on logistics management and shipping of cannabis and hemp between countries where cannabis has been legalized. 357 is working to expand into international shipping of cannabis, hemp and industrial hemp; the cannabis export/import industry is new and poses significant potential for shipments of…

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MondayNov 14, 2022 12:02 pm

NetworkNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) Releases Q1 2023 Financial Report, Corporate Update

InMed Pharmaceuticals (NASDAQ: INM), a leader in the manufacturing and clinical development of rare cannabinoids, has reported its financial results for the first quarter of fiscal year 2023, ended Sept. 30, 2022. Highlights of the report included updates on the company’s pharmaceutical development programs, including INM-755 for the treatment of epidermolysis bullosa (“EB”) and INM-088 for the treatment of glaucoma. According to the report, enrollment and patient treatment in the company’s phase 2 clinical trial for INM-755 should be complete by the end of the year while the company continues to conduct key preclinical work including toxicology and GLP studies in…

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MondayNov 14, 2022 11:18 am

NetworkNewsBreaks – EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQX: EVGIF) Secures Full Funding for Core Expansion Project at FVB

EverGen (TSX.V: EVGN) (OTCQX: EVGIF), a leading Canadian renewable energy company and Canada’s renewable natural gas (“RNG”) infrastructure platform, appears to have a strong position to expedite growth as it remains committed to delivering on its ambitious goals for a more sustainable future. “EverGen Infrastructure has announced that its wholly owned subsidiary Fraser Valley Biogas Ltd. (‘FVB’) has signed a term sheet for a long-term RNG offtake agreement intended to replace the existing agreement as it approaches the end of the term. As a legal contract in which a buyer agrees to purchase a certain amount of the product at…

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FridayNov 11, 2022 2:56 pm

NetworkNewsBreaks – Roth’s Upcoming Event to Feature Small and Mid-Cap Companies Across Technology Subsectors

ROTH Capital Partners, LLC (“Roth”), a full-service investment bank renowned for serving emerging growth companies, today announced that it will host the 11th Annual Roth Technology Event at the Yale Club in NYC on Nov. 16, 2022. The event will feature approximately 50 public companies operating within technology subsectors and provide investors with the opportunity to meet with and glean deep insights from respective executive management teams. “We have always focused our conferences on enabling participating companies to form a series of deep and meaningful relationships with a wide variety of investors,” said Byron Roth, chairman and CEO of Roth Capital Partners. “Technology,…

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FridayNov 11, 2022 2:19 pm

NetworkNewsBreaks – CubCrafters Inc. Stands Distinct in Manufacturing Four Categories of Airplanes

CubCrafters, a best-in-class backcountry aircraft producer, turned heads when it announced in July that it will make a public offering to raise investment capital through the sale of preferred stock. “Within the first 48 hours of its announcement, CubCrafters received $5 million in reservations for 1 million planned shares, which has grown beyond $20 million in reservations in the subsequent weeks as the company awaits qualification for its listing from the U.S. Securities and Exchange Commission (‘SEC’). The reservations for the company’s shares have taken off, rising closer and closer to its initial goal for the public offering,” a recent…

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FridayNov 11, 2022 1:17 pm

NetworkNewsBreaks – illimity Continues Growth Path in Q3 2022, Eyes Accelerated Positive Trend

illimity Bank S.p.A.’s (“illimity” or the “Bank”) board of directors, chaired by Rosalba Casiraghi, has approved the illimity Group’s results as of Sept. 30, 2022. “Growth continued with the results for the third quarter. These are solid and in line with our forecasts, despite the fact that the scenario in which we operate has undergone a profound change since when we originally approved the budget,” said illimity CEO and Founder Corrado Passera. “illimity has been able to continue along its planned growth trajectory, which has enabled it to profitably affirm its various synergic core businesses on the market over a…

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