NetworkNewsBreaks

ThursdayJun 23, 2022 4:46 pm

NetworkNewsBreaks – Canaan Inc. (NASDAQ: CAN) Announces Repurchase of Outstanding Warrants for ~$6.61M

Canaan (NASDAQ: CAN), a leading high-performance computing solutions provider, has announced its entry into agreements with certain warrant holders to repurchase over 4.72 million outstanding warrants of the company for an aggregate purchase price of approximately US$6.61 million. According to the update, the company issued the warrants in May 2021 pursuant to (i) certain securities purchase agreement (the “SPA”) between the company and the purchasers party thereto, dated April 29, 2021, and (ii) certain placement agent agreement between the company and the placement agents thereto, dated April 29, 2021. Simultaneously, the parties amended the terms of the SPA in a…

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ThursdayJun 23, 2022 4:40 pm

NetworkNewsBreaks – BIT Mining Limited (NYSE: BTCM) Announces $16M Registered Direct Offering

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, today announced its entry into a securities purchase agreement with certain institutional investors. The registered direct offering is for 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 (10) Class…

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ThursdayJun 23, 2022 4:35 pm

NetworkNewsBreaks – CNS Pharmaceuticals Inc. (NASDAQ: CNSP) Secures FDA Approval for Protocol Amendment to Ongoing Potentially Pivotal Berubicin Trial

CNS Pharmaceuticals (NASDAQ: CNSP) is a biopharmaceutical company specializing in the development of novel treatments for primary and metastatic cancers in the brain and central nervous system. The company today announced its receipt of approval from the U.S. Food and Drug Administration (“FDA”) for its ongoing potentially pivotal global study evaluating the efficacy and safety of Berubicin compared with Lomustine (Gleostine) administered after first line therapy for the treatment of recurrent glioblastoma multiforme (“GBM”), one of the most aggressive types of brain cancer. “We are pleased to have received this positive response from the FDA and to continue driving the…

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ThursdayJun 23, 2022 3:19 pm

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Issues Shareholder Update

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today provided an update to its shareholders, including recent highlights and accomplishments for the company, the Mullen FIVE and the Mullen EV Van programs. Among the various highlights, the company reported that its solid-state polymer battery cell was successfully tested for the second time at Battery Innovation Center (“BIC”) in Indiana. The follow-up testing through an accredited facility shows promise for solid-state polymer cell technology when scaled to the vehicle pack level and used in EVs. “2022 has been an exceptional year for us so far; I am very proud…

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ThursdayJun 23, 2022 2:56 pm

NetworkNewsBreaks – Silo Pharma Inc. (SILO) Announces Expansion of License Agreement and Patent Portfolio

Silo Pharma (OTCQB: SILO), a development-stage biopharmaceutical company focused on the use of psychedelics as a therapeutic, today announced that it has expanded its commercial evaluation license agreement (“CELA”) with the University of Maryland Baltimore (“UMB”) for its next-generation liposomal peptide targeting autoimmune diseases. “We are delighted to expand our partnership with UMB. Pre-clinical testing of these peptides has shown positive results in animal studies. The three-phage peptides we identified specifically target inflamed vascular endothelium of arthritic joints in an adjuvant-induced arthritis rat model,” said Eric Weisblum, CEO of Silo Pharma. “To test the therapeutic effect of the peptides, arthritic…

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ThursdayJun 23, 2022 2:20 pm

NetworkNewsBreaks – Delic Holdings Corp. (CSE: DELC) (OTCQB: DELCF) (FRA: 6X0) to Present at 1st Annual H.C. Wainwright Mental Health Conference

Delic Holdings (CSE: DELC) (OTCQB: DELCF) (FRA: 6X0), a leader in new medicines and treatments for a modern world, today confirmed details regarding Delic Corp CEO Matt Stang’s virtual attendance at the first annual H.C. Wainwright Mental Health Conference on June 27, 2022. The inaugural event will be held at the Lotte New York Palace Hotel and feature a full day of company presentations, networking opportunities and one-on-one investor meetings with a focus on neuropsychiatry, psychedelics and more. During this year’s conference, Stang will present the company’s strategic outlook for the remainder of the year and how the company is…

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WednesdayJun 22, 2022 4:34 pm

NetworkNewsBreaks – 22nd Century Group Inc. (NASDAQ: XXII) Piloting Sales of First 95% Reduced Nicotine Content Cigarette

22nd Century Group (NASDAQ: XXII) is a leading agricultural biotechnology company dedicated to improving human health with reduced nicotine tobacco, hemp/cannabis, and hops advanced plant technologies. The company is now selling the first and only 95% reduced nicotine content cigarette compliant with the renewed federal policy initiative to require all cigarettes sold in the U.S. be made minimally or non-addictive. “We are excited to pilot sales of the first and only cigarette designed specifically not to create and sustain addiction, but to instead reduce the hold of cigarette addiction on adult smokers,” said John Miller, president of 22nd Century’s tobacco…

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WednesdayJun 22, 2022 4:30 pm

NetworkNewsBreaks – Vivakor Inc. (NASDAQ: VIVK) Enters Definitive Agreement for ‘Monumental Opportunity’

Vivakor (NASDAQ: VIVK), a socially responsible operator, acquirer and developer of clean energy technologies and environmental solutions, today announced its entry into a definitive agreement to acquire Louisiana -based Silver Fuels Delhi LLC (“SF Delhi”) and Texas-based White Claw Colorado City LLC (“WCCO”). “The potential acquisitions of SF Delhi and WCCO provide a monumental opportunity for Vivakor,” said Matt Nicosia, CEO and chairman of Vivakor. “If we are able to close these acquisitions, we would add significant revenue and earnings before interest, taxes, depreciation and amortization (‘EBITDA’) while putting in place the necessary infrastructure to continue to grow our historical…

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WednesdayJun 22, 2022 4:15 pm

NetworkNewsBreaks – Cannabis Drinks Expo Partners with Women in Cannabis Group to Host Unique Expo Session

Cannabis Drinks Expo has announced that it will again be partnering with Illinois Women in Cannabis (“IWC”) to present a powerful session during the upcoming expo event; the panel will focus on developing women-led cannabis beverage brands. The panel will feature an all-woman panel of cannabis-industry executives, with panel members discussing women consumers of cannabis-infused beverages and drinks as well as the implication of portability, palatability and sociability on product development, branding and marketing. Panel members will include Meagen Anderson, director of Highway Horticulture, a midwest vertically integrated cannabis production facility and wholesaler; Lisa Hurwitz, president of Happi, Michigan's first…

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WednesdayJun 22, 2022 4:10 pm

NetworkNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Announces Q1 2022 Financial Results

Bit Digital (NASDAQ: BTBT), a digital asset mining company headquartered in New York, today announced its unaudited financial results for the first quarter ended March 31, 2022. Among the highlights, the company reported $8.0 million in bitcoin mining revenue and $0.5 million in ethereum mining for the first quarter of 2022. Management commentary reads as follows: “The first quarter of 2022 marked the first full quarter in which 100% of our mining fleet was on North American soil. With migration complete, our focus remains deploying our fleet while remaining a leader in sustainability. We're proud of our progress and especially…

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