NetworkNewsBreaks

TuesdayAug 23, 2022 10:29 am

NetworkNewsBreaks – Iconic Brands Inc. (ICNB) Announces Record Q2 2022 Revenue

Iconic Brands (OTC: ICNB), a leader in the development, design and delivery of alcohol and non-alcohol beverages, today announced financial results for the second quarter ended June 30, 2022. Among the highlights, the company reported $6,654,221 in total revenue for the quarter, representing an approximately 1,038% year-over-year increase compared to the same period in 2021. In addition, Iconic achieved quarterly gross profit of $1,733,547, an approximate 567% year-over-year increase. Tom Martin, interim CEO of Iconic, said in the press release: “2022 is off to a strong start with record-breaking first and second quarters. Revenue is up 1,038% year-over-year, and we…

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MondayAug 22, 2022 1:17 pm

NetworkNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Stands to Gain Substantial Revenue Through Licensing of DehydraTECH(TM)

Lexaria Bioscience Corp. (NASDAQ: LEXX) recently announced that Japanese Licensee, Premier Wellness Science Co. Ltd., officially launched the first generation of its new cannabidiol (“CBD”) products under the brand, “Ko.” “The exclusive rights between Premier and Lexaria are subject to two previously issued licenses for using DehydraTECH technology in Japan for non-pharmaceutical cannabinoid products… Under the terms of the license agreement with Lexaria, Premier purchased rights to the company’s DehydraTECH technology for use in the non-pharmaceutical market for CBD and hemp ingredients in oral liquid and non-liquid product form, including topical, hair care, lip care, and cosmetics,” a recent article…

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MondayAug 22, 2022 1:00 pm

NetworkNewsBreaks – Correlate Infrastructure Partners Inc. (CIPI) Helping Companies Amid Prioritization of ESG Investment

Correlate Infrastructure Partners (OTCQB: CIPI), a proprietary clean energy assessment and fulfillment solutions provider, is helping companies boost their ESG (environmental, social and governance) appeal and their consumer-directed transparency through its two subsidiaries, Correlate and Solar Site Design. “The companies’ platform uses data analysis and development and financing resources to provide advisement to clients on environmental impact reduction and the potential cost savings and profit increases the clients may see as a result,” a recent article reads. “A recent Bank of America analysis of 401(k) plan investments found a large number of eligible employees are not participating in the device…

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MondayAug 22, 2022 11:50 am

NetworkNewsBreaks – FinovateFall to Showcase Cutting-Edge Disruption in Financial Sector

Informa Connect’s FinovateFall is slated to take place at the Marriott Marquis Times Square in New York City from Sept. 12-14, 2022. The event will draw more than a thousand C-suite leaders, senior executives and financial innovators and showcase over 100 industry veterans and new-age disruptors in the financial sector. The three-day event will enable networking opportunities for industry professionals to thoroughly explore fresh business avenues, engage in peer interactions finely tuned for greater efficiency, and forge meaningful lifelong partnerships. FinovateFall is renowned for spotlighting new fintech innovations from seed-stage startups to global leaders. In particular, senior-level decision-makers value the…

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MondayAug 22, 2022 11:44 am

NetworkNewsBreaks – Advanced Container Technologies Inc. (ACTX) Helps Farmers Expand into Highly Profitable Markets, Maintain Year-Round Revenue Streams

Advanced Container Technologies (OTC: ACTX) today announced that GrowPods, modular hydroponic farms that can be placed virtually anywhere, can help farmers expand into new markets and grow profitable fruits and vegetables year-round. GrowPods have the production capacity equivalent of one acre of traditional farmland in an automated, controlled, pesticide-free environment. According to Entrepreneur 360, farmers are not currently growing the most profitable crops. Adding a GrowPod or two allows farmers to add high-margin specialty crops to their revenue stream. “The GrowPod system allows farmers to move into new, highly profitable markets, and maintain revenue streams year-round,” said Douglas Heldoorn, CEO…

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MondayAug 22, 2022 11:32 am

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Upcoming Launch of Fully Functional Demonstrator FIVE EV Crossover Vehicles

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that the first fully functional demonstrator vehicles of the Mullen FIVE EV Crossover will begin arriving this October. Mullen and hofer powertrain have been jointly developing the upcoming vehicles, which will be utilized in Mullen’s upcoming 2022 “Strikingly Different” Test Drive Tour as well as other events planned across the U.S. in 2023. “We are thrilled to launch the first fully functional, demonstrator FIVE EV Crossover vehicles this October,” said David Michery, CEO and chairman of Mullen Automotive. “Mullen and hofer have been working diligently to have these…

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MondayAug 22, 2022 11:15 am

NetworkNewsBreaks – Sugarmade Inc. (SGMD) Subsidiary Inks MSA for Manufacturing, Distribution Expansion

Sugarmade (OTC: SGMD) subsidiary SugarRush has signed a management services agreement (“MSA”) with Canndis Inc., a California cannabis micro-license holder. The MSA outlines an expansion for the company’s manufacturing and distribution operations based on Canndis’ license, which includes delivery, manufacturing, distribution and cultivation capabilities. The MSA calls for Sugarmade to take over cannabis product manufacturing, distribution, delivery licensing and facility management ahead of Canndis’s first harvest at its Jerusalem Grade Farm; the farm is licensed for 43,560 square feet of outdoor canopy area and is growing at full capacity this season. According to the announcement, the MSA provides for the…

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MondayAug 22, 2022 11:03 am

NetworkNewsBreaks — BIT Mining Limited (NYSE: BTCM) Releases Q2 2022 Unaudited Financial Report

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, is reporting its unaudited financial results for the quarter ended June 30, 2022. Notable numbers from the report include revenues of $195.5 million for the quarter, down from the same period last year, and operating loss of $23.3 million, representing an $8.4 million increase over Q2 2021 and a $19.0 million increase over Q1 2022. BTCM reported non-GAAP operating loss of $8.7 million for the quarter and net loss of $21 million, while basic and diluted losses per American Depositary Share ("ADS") attributable to BIT Mining for the quarter totaled $0.29. The…

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FridayAug 19, 2022 3:04 pm

NetworkNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Customizing Globally Successful Business Models for Unique Needs of Chinese Market

FingerMotion (NASDAQ: FNGR), an evolving technology company, recently partnered to launch mobile device protection products through its subsidiary, Shanghai TengLian Jiujiu Information and Communication Technology Co. Ltd (“TengLian”). “The partnership will see the Chinese carriers [China Unicom and China Mobile] distribute the mobile device protection products as embedded, value-added features bundled with existing voice, device and data subscription plans. Underwritten by a NYSE-listed Fortune 500 insurance company, FingerMotion’s mobile device protection products will offer three tiers of protection: accidental damage to screens, mechanical breakdown and trade-in solutions. This is a departure from the norm in the Chinese mobile device protection…

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FridayAug 19, 2022 2:30 pm

NetworkNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Leveraging GM-X Solution, Robust Portfolio to Exploit New Era of Online Gambling Sector’s Growth

Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, is well placed to exploit the growth of the online gambling sector. “The advent of online gaming as well as the rapid uptake witnessed within the realm of metaverse gaming has attracted a host of platforms to the sector… There are now several thousand platforms vying for market share within an increasingly crowded space. A number of those companies are seeking to focus their efforts on marketing, opting to procure their operational systems and gaming portfolios from third-party providers such as Golden Matrix Group.…

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