NetworkNewsBreaks

WednesdayJul 13, 2022 1:55 pm

NetworkNewsBreaks – Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F) Completes Testing, Marks Milestone on Commercialization Path

Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F), a clean-technology company developing transformative power conversion technologies and control system solutions for next-generation EVs and electrical systems, announced that it has completed proof of concept testing designed to demonstrate the efficiencies of its 250kW 800V commercial prototype traction inverter. During the testing, the high-efficiency inverter showed reduction in switching losses of +90% compared to conventional, hard-switched inverters, which is a significant milestone for the company as it works toward commercialization. According to the announcement, a comparison of losses between soft-switching and hard-switching was calculated with Hillcrest’s system tested with 470V…

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TuesdayJul 12, 2022 4:45 pm

NetworkNewsBreaks – Silo Pharma Inc. (SILO) Announces Positive Results of New Study

Silo Pharma (OTCQB: SILO), a development-stage biopharmaceutical company, today announced that its novel liposomes reached a positive endpoint in animal studies showing effectiveness and reduced toxicity using a subcutaneous delivery method. “The successful results of our study show that the subcutaneous route of liposomal administration is well-suited for use in targeted drug delivery of anti-arthritic agents. We suggest that this drug delivery approach would not only enhance efficacy but also reduce systemic toxicity,” said Eric Weisblum, CEO of Silo Pharma. “In our previous work, ART-1-Cy7-liposomes injected i.v. demonstrated homing to arthritic joints and four hours was an optimal time point…

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TuesdayJul 12, 2022 4:38 pm

NetworkNewsBreaks – GSMI’s TA Week to Showcase Reimagined Processes to Engage, Secure Best Talent

Global Strategic Management Institute (“GSMI”), a cutting-edge conference production company focused on promoting disruptive innovation, will be hosting the upcoming Talent Acquisition (“TA”) Week in an entirely digital format between July 25-29, 2022. This July’s TA Week is set to feature three unique events in a single content-packed agenda, including the Social Recruiting Strategies Conference (“SRSC”), the Employer Branding Strategies Conference (“EBrandCon”), and the Talent Sourcing Strategies Summit (“TSSS”). An industry flagship forum catering to recruiting professionals, TA Week is designed to share comprehensive experiences to harness strategic improvements in sourcing, recruiting, and employer branding strategies and to build career-lasting…

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TuesdayJul 12, 2022 4:33 pm

NetworkNewsBreaks – Advisors Mortgage Group Recognized as One of New Jersey’s Best Places to Work for 10th Consecutive Year

Advisors Mortgage Group, based in Ocean Township, New Jersey, today announced recognition by NJBIZ as one of the best places to work in New Jersey. According to the announcement, this is the 10th consecutive year that the company has been awarded this accolade. NJBIZ collects the data through a survey provided by the BridgeTower Media Firm, Best Companies Group, with the details collected confidentially allowing employees to share feedback. Honorees of the 2022 NJBIZ Best Places to Work are across small (15 – 49 employees), medium (50 – 249 employees) and large (more than 250 employees) companies. “When I started…

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TuesdayJul 12, 2022 4:28 pm

NetworkNewsBreaks – BIT Mining Limited (NYSE: BTCM) Announces Sale of Shares to Devote Resources More Extensively to North American Market

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, today announced its entry into a share sale and purchase agreement with an unaffiliated third party (the “buyer”). Under the agreement, the company agreed to sell and the buyer agreed to purchase approximately 51% of the total issued share capital of Loto Interactive Limited, representing 279,673,200 shares of Loto Interactive, each at the price of HK$0.28, for the total consideration of HK$78,308,496 (the “transaction”). Upon closing of the transaction, the company’s share ownership in Loto Interactive will decrease to 8.79%. “Following our strategy to focus on developing in the U.S.,…

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TuesdayJul 12, 2022 4:21 pm

NetworkNewsBreaks – AmeriCann Inc. (ACAN) Achieves Record Quarterly and Monthly Revenues

AmeriCann (OTCQB: ACAN), a cannabis company that develops state-of-the-art cultivation, product manufacturing and distribution facilities, today provided financial and operational updates for its Massachusetts cannabis cultivation, product manufacturing and distribution campus. According to the announcement, the company achieved a significant increase in year-over-year quarterly revenue, reflecting growth of over 36% for the quarter ended June 2022 relative to the quarter ended June 2021, an increase of $213,902. In addition, monthly revenue for June 2022 increased 30% from June 2021. “We’re pleased with achieving record revenue for the quarter and with the strong top-line growth rate,” said AmeriCann President Tim Keogh.…

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TuesdayJul 12, 2022 3:24 pm

NetworkNewsBreaks – Cybin Inc.’s (NYSE American: CYBN) (NEO: CYBN) CYB003 Phase 1/2a Clinical Trial Through Clinilabs Begins Enrollment

Clinilabs Drug Development Corporation, a global, full-service contract research organization with deep expertise in central nervous system drug development, today announced commencement of enrollment in a phase 1/2a clinical trial of CYB003. Being developed by Cybin (NYSE American: CYBN) (NEO: CYBN), a leading ethical biopharmaceutical company focused on progressing “Psychedelics to Therapeutics(TM),” CYB003 is the first novel psilocybin analog to be evaluated in phase 1/2a development for the treatment of major depressive disorder (“MDD”). “Clinilabs is honored to be working with Cybin, an innovator in the development of novel psychedelic therapeutics, to conduct its first-in-human clinical trial of CYB003,” said…

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TuesdayJul 12, 2022 3:08 pm

NetworkNewsBreaks – Odyssey Health Inc. (ODYY) Announces Successful Completion of Phase I Single Ascending Dosing for Intranasal Concussion Drug

Odyssey Health (OTC: ODYY), f/k/a Odyssey Group International Inc., a company focused on developing unique, life-enhancing medical products, today announced the completion of all three cohorts in its Phase I Single Ascending Dosing (“SAD”) clinical trial. According to the update, Odyssey’s trial involves administering PRV-002, the company’s novel drug to treat concussion, to healthy human subjects. Concussions represent an “unmet” medical need and affect millions worldwide, while a single concussion can significantly increase the risk of Alzheimer’s and other neuropsychiatric disorders. “After reviewing the data from Cohort III and completing the SAD analysis, I have strong confidence that PRV-002 will…

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TuesdayJul 12, 2022 2:54 pm

NetworkNewsBreaks – Eat Well Investment Group Inc. (CSE: EWG) (OTC: EWGFF) (FRA: 6BC0) Announces Promotion of Patrick Dunn to CFO, Director

Eat Well Investment Group (CSE: EWG) (OTC: EWGFF) (FRA: 6BC0), a publicly-traded investment company, today announced it has promoted its Vice President, Finance Patrick Dunn to CFO and has appointed him as a member of the company’s board of directors. Dunn, CPA, a founding partner of Dunn, Pariser & Peyrot, is an experienced senior executive with a proven track record of investing in and building highly successful agribusinesses throughout North America. “We are proud to promote Patrick Dunn to CFO of Eat Well Group and to have him join the board of directors of the company. His first-hand experience in…

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TuesdayJul 12, 2022 2:47 pm

NetworkNewsBreaks – Home Bistro Inc. (HBIS) Announces New Pricing Plan Following Successful Beta Test

Home Bistro (OTC: HBIS), a leading online meal-delivery platform that offers celebrity chef-inspired, gourmet and lifestyle ready-made meals, is planning on rolling out a new three-tiered pricing plan, effective Aug. 1, 2022. The announcement comes after the company saw positive results from beta testing of the enhanced meal-pricing structure. “Over the past six months, we have spent considerable time studying ways to reduce our product costs while expanding our top line revenue and increasing gross profit margin,” said Home Bistro CEO Zalmi Duchman in the press release. “By analyzing the current market and closely studying the value proposition of alternative…

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