NetworkNewsBreaks

MondayJun 06, 2022 1:56 pm

NetworkNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Announced Addition to Russell 2000(R), 3000(R) Indexes

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, will be joining the Russell 2000 and 3000(R) Indexes effective later this month, on June 27, 2022, after the market opens. The company was named on a preliminary list of additions posted by FTSE Russell on June 3, 2022. In addition, MULN will be automatically added to the appropriate growth and value indexes. According to the announcement, the Russell indexes are comprised of the 4,000 largest U.S. stocks, based on May 6, 2022, trading status. Membership is for one year and is reassessed every year, with new members released annually.…

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MondayJun 06, 2022 1:42 pm

NetworkNewsBreaks – Tingo Inc. (TMNA) Reports on Annual Shareholder Meeting Results

Tingo (OTC: TMNA), a leading agri-fintech business in Africa, held its Annual Meeting of Stockholders last week. The meeting, which convened on June 2, 2022, had three agenda items, including the election of director nominees. The report noted that shareholders elected 10 director nominees for one-year terms. The nominees include Adewale Adebayo, John J. Brown, Christophe Francois Charlier, Christopher Cleverly, Gurjinder Johal, Leslie Kasumba, Dozy Mmobuosi, Onyekachi Onubogu, Dakshesh Patel and Derrick Randall. In addition, shareholders unanimously ratified the appointment of Gries & Associates LLC as Tingo’s independent accountants for the 2022 fiscal year and approved the compensation paid to the…

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MondayJun 06, 2022 1:11 pm

NetworkNewsBreaks – SRAX Inc. (NASDAQ: SRAX) Releases Q4, FY 2021 Financial Report; Announces Partnership with Onassis Holdings (ONSS)

SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS (“SaaS”) platform, is reporting record financial numbers for fiscal year 2021 and Q4 2021. Highlights of the report show that SRA exceeded 2021 guidance of $31.5 million, totaling $28.6 million in revenue with BIGtoken, its former subsidiary, totaling $3.4 million in revenue, and record quarterly revenue of $9.6 million, a 27% increase from the company’s Q3 report and 170% over the previous year period. In addition, SRAX reported record GAAP operating income of $2 million in 2021 compared to a…

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MondayJun 06, 2022 12:48 pm

NetworkNewsBreaks – Cybin Inc. (NEO: CYBN) (NYSE American: CYBN) Reports Adelia Has Reached Milestone Achievements

Cybin (NEO: CYBN) (NYSE American: CYBN), a biotechnology company focused on progressing psychedelic therapeutics, announced that Adelia Therapeutics Inc., its wholly owned subsidiary, has achieved significant milestones, which the company identified as Y2, Q2 (i), (vi), Y2, Q3 (ii), Year 2 Q4 (i) and Year 3 Q1 (i), (ii). These milestones are outlined in the Dec. 4, 2021, contribution agreement between Cybin and Adelia; the agreement specifies what actions are to be taken when these milestones are reached. Specifically, when these milestones are met, the agreement calls for class B common shares to be issued to Adelia shareholders; those shares are…

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FridayJun 03, 2022 3:26 pm

NetworkNewsBreaks – Advanced Container Technologies Inc.’s (ACTX) Innovative Growing Systems Offering Numerous Advantages

Advanced Container Technologies (OTC: ACTX), the exclusive U.S. distributor of GrowPods, is seeing interest in the environmentally controlled micro-farms that allow cultivation of ultraclean crops year-round. According to a recent article that contains excerpts from a GreenBiz piece titled, “How Vertical and Indoor Farming Can Supplement the Food Supply Chain,” innovators have developed new technologies such as indoor and vertical farms designed to supplement outdoor farming and solve the issue of limited cultivation land. The piece notes that “the systems often recirculate water, which can be more efficient than how water is used for other types of crops. Light and…

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FridayJun 03, 2022 3:19 pm

NetworkNewsBreaks – LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Scaling Lightning Network, Making Bitcoin Transactions Possible

LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF) is leveraging the Lightning Network to improve transaction times and lower fees as part of its mission to drive Bitcoin adoption. This comes as Bitcoin continues to gain more acceptance around the world, with stories from countries that would not normally be considered a “hotbed” for cryptocurrencies showing that areas with lower levels of Bitcoin popularity can prosper through its use. “LQwD launched its Lightning Network platform-as-a-service (‘PaaS’) protocol in November 2021, at the same time as its first node on the network, US-West. Since then, the company launched nine additional nodes for a…

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FridayJun 03, 2022 3:01 pm

NetworkNewsBreaks – Riot Blockchain Inc. (NASDAQ: RIOT) Releases Production, Operation Status Report for May 2022

Riot Blockchain (NASDAQ: RIOT), an industry leader in Bitcoin mining and hosting, is reporting on its May 2022 productions and operations status. A highlight of the report includes the company’s production of 466 BTC, an estimated 104% increase over May 2021’s production of production of 228 BTC. In addition, the company reported that it held approximately 6,536 BTC, all produced by the Company’s self-mining operations, and sold 250 Bitcoin, generating net proceeds of approximately $7.5 million. Finally, the company reported a deployed fleet of some 43,458 miners, with a hash rate capacity of 4.6 exahash per second (“EH/s”). The company…

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FridayJun 03, 2022 2:57 pm

NetworkNewsBreaks – SRAX Inc. (NASDAQ: SRAX) Announces Details for 2022 LD Micro Invitational

SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its software-as-a-service (“SaaS”) platform, today announced details for the 2022 LD Micro Invitational. SRAX will host the prominent investor conference on June 7-9 at the Four Seasons Hotel Westlake Village, as well as via its Sequire Virtual Events platform. LD Micro is the host of the most influential conferences in the small-cap world. Following last October’s success of the LD Micro Main Event, SRAX is providing a virtual option for those unable to attend the physical conference. The event, which expects to…

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FridayJun 03, 2022 2:48 pm

NetworkNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Announces Strong Q2 Financial Results

Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, today announced financial results for its second fiscal quarter ended April 30, 2022. Among the highlights, the company reported Q2 revenues of $8,482,743, a 221% increase as compared to the same quarter last year. The company also noted 15 consecutive quarters of profitability. “We are pleased with the financial results of our second quarter as a company with both B2B and B2C verticals,” said Golden Matrix CEO Brian Goodman. “During the quarter we implemented upgraded technology and stronger accounting controls to improve cash…

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FridayJun 03, 2022 2:41 pm

NetworkNewsBreaks – Home Bistro Inc. (HBIS) Elevating Home Delivery Meals

Home Bistro (OTC: HBIS), a Miami-based online meal delivery platform that offers celebrity chef-inspired, gourmet and lifestyle ready-made meals, is distinguishing itself as a leader in the burgeoning meal kit delivery market. “Home Bistro has taken the basic idea of home delivery meals and elevated it – every direct-to-consumer, heat-to-eat gourmet meal the company offers on its tempting and tasty online menu is inspired by a renowned executive or celebrity chef. The list of chefs who have partnered with the company is impressive and includes Cat Cora, owner of more than 18 restaurants, bestselling cookbook author Daina Falk… and Claudia…

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