NetworkNewsBreaks

FridayJul 01, 2022 12:48 pm

NetworkNewsBreaks – Correlate Infrastructure Partners Inc. (CIPI) Making Energy Management, Procurement Transparent and Cost-Effective

Correlate Infrastructure Partners (OTCQB: CIPI), a purpose-built energy use optimization company pursuing green utilities solutions for the commercial real estate industry, is innovating the industry with the mission of sustainability and the kickback of increased net operating income. “Correlate Infrastructure Partners is making energy management and procurement transparent and cost-effective as we digitize the process that has been archaic for way too long. We are excited to be at the forefront of an industry that is at an inflection point, and we are eager to begin working to change the way commercial real estate owners optimize energy assets,” a recent…

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FridayJul 01, 2022 12:09 pm

NetworkNewsBreaks – Kronos Advanced Technologies Inc. (KNOS) Set to Benefit from Renewed Focus on Indoor Air Quality

Kronos Advanced Technologies (OTC: KNOS), a revenue-generating product development and production company that has significantly changed the way air is moved, filtered and disinfected, stands to benefit from the new initiative by the Biden administration to improve indoor air as part of its latest response to the ongoing coronavirus pandemic. “The Biden administration and Congress have provided hundreds of billions of dollars in federal funds that can be used in schools, public buildings and other settings to improve indoor air quality,” reads a recent article that contains excerpts from a recent White House fact sheet. “Kronos Advanced Technologies stands to…

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FridayJul 01, 2022 10:38 am

NetworkNewsBreaks – Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F) Announces AGM Results, Shareholder Update

Hillcrest (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F), a clean tech company developing transformative power conversion technologies and control solutions, has announced the results of voting at its annual general meeting (“AGM”) held Wednesday, June 29, 2022. According to the update, shareholders overwhelmingly voted in favour of all items put forward by the board of directors and management. In addition, Hillcrest’s current seven-member board, consisting of David Farrell, Donald J. Currie, Michael Moskowitz, Kylie Dickson, Mike Krzus, Robert Lambert and Thomas G. Milne, have all been re-elected. Upon conclusion of this year’s AGM, Michael Krzus stepped down as executive chair of…

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ThursdayJun 30, 2022 2:47 pm

NetworkNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Optimizing Product Offerings to Push Gross Margins Higher

FingerMotion (NASDAQ: FNGR) recently reported its financial results for the year ended February 28, 2022. “Annual revenue rose from $6.24 million in 2021 to $22.93 million in 2022, representing a 37% growth… For FY 2022, FingerMotion posted grows profits of $2.81 million, representing a 71% increase from the previous year. This was mainly achieved through the growth of the SMS & MMS business, which posted a 5% year-over-year (‘YoY’) growth, as well as Telecommunications Products and Services, which posted a 170% revenue growth from 2021. However, the sector that posted the highest growth was Big Data. Revenue for this sector…

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ThursdayJun 30, 2022 2:35 pm

NetworkNewsBreaks – Friendable Inc. (FDBL) Moving Forward with next Phase of Expansion

Friendable (OTC: FDBL), a mobile technology and marketing company, reported key metrics for press, social media and overall engagement, captured over the nine months from September 2021 through May 2022, which show positive growth. This comes as the company begins preparing new initiatives based on its continued growth and marketing opportunities. “The results of Friendable’s efforts have provided a strong foundational element of credibility that is only fostered through time, positive reviews, and the success stories of its artists, which the company continues to receive… The metrics set a solid foundation as the company moves forward with the next phase…

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ThursdayJun 30, 2022 2:27 pm

NetworkNewsBreaks – Eat Well Investment Group Inc. (CSE: EWG) (OTC: EWGFF) Disrupting Multibillion Snack Food Market

Eat Well Investment Group (CSE: EWG) (OTC: EWGFF) last year appointed Marc Aneed as the CEO, with Aneed assuring investors that the company would remain focused on driving shareholder value into 2022 and beyond. “Under his leadership, Eat Well Investment Group has disrupted the multibillion snack food market. In addition, it has fortified its vertically integrated approach to feeding people delicious, more nutritious food at a lower cost. The company also completed strategic acquisitions, most notably, Sapientia. In addition, Eat Well closed a strategic investment from Nurture Health Food LLP. Mr. Aneed notes that this investment will be integral to…

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ThursdayJun 30, 2022 2:11 pm

NetworkNewsBreaks – Cadre Holdings Inc. (NYSE: CDRE) Closes $94M Underwritten Public Offering

Cadre Holdings (NYSE: CDRE), a global leader in the manufacturing and distribution of safety and survivability equipment for first responders, has closed an underwritten public offering of 4,000,000 shares of its common stock, which includes 2,250,000 primary shares of common stock by the company and 1,750,000 secondary shares of common stock by certain selling stockholders. The shares were sold at a public offering price of $23.50 per share. The company has also granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of its common stock. Cadre intends to use the net proceeds to reduce outstanding…

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ThursdayJun 30, 2022 1:55 pm

NetworkNewsBreaks – BIT Mining Limited (NYSE: BTCM) Announces Closing of US$16M Registered Direct Offering, to Improve Efficiency at Ohio Mining Site

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, today announced the closing of its registered direct offering with certain institutional investors. The registered direct offering consisted of the purchase and sale of 16,000,000 of the company's American Depositary Shares (“ADSs”) (or pre-funded warrant to purchase certain ADSs (“ADS Equivalent”) in lieu thereof), Series A Warrants to purchase up to an aggregate of 16,000,000 ADSs and Series B Warrants to purchase up to an aggregate of 16,000,000 ADSs, at a combined purchase price of US$1.00 per ADS (or ADS Equivalent) and associated warrants. Each ADS represents ten Class A…

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ThursdayJun 30, 2022 1:33 pm

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Expects to Report >$61M in Cash, Cash Equivalents After Significantly Strengthening Balance Sheet

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that it expects to report in excess of $61 million in cash and cash equivalents on June 30, 2022, after having significantly strengthened its balance sheet over the quarter-ending June 30, 2022. In the update, Mullen restated previously released highlights, including recent delivery of its first EV van under a pilot program to a telecommunications provider in the southeastern part of the U.S., payoff of a secured convertible promissory note executed on July 23, 2020, with DBI Lease Buyback Servicing LLC, as well as the company’s addition to…

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ThursdayJun 30, 2022 1:19 pm

NetworkNewsBreaks – Sugarmade Inc. (SGMD) Signs LOI Outlining Minority Stake Acquisition of Cannabis Cultivation Property

Sugarmade (OTC: SGMD), an emerging leader in the vertically integrated cannabis sector, has taken steps toward a 40% acquisition of the business and associated property known as RMI Ventures (d/b/a Jerusalem Grade Farm). SGMD signed a letter of intent (“LOI”) agreeing to complete a definitive acquisition agreement that would make Sugarmade a minority owner of RMI Ventures with 40% control of RMI Ventures equity; SGMD anticipates pursuing the acquisition of additional equity in RMI Ventures next year. According to the announcement, Sugarmade intends to leverage the turnkey operation to fulfill its recently announced collaborative cannabis cultivation contract with Cannabis Global…

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