NetworkNewsBreaks

TuesdayJul 19, 2022 12:22 pm

NetworkNewsBreaks – Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA) Announces Shareholder Update on Path to Commercialization

Hillcrest (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F) is a clean tech company developing transformative power conversion technologies and control system solutions for next-generation electric vehicles and electrical systems. The company today announced that commissioning of the 250 kW 800V commercial prototype EV inverter is progressing on schedule. Hillcrest has faced and resolved issues typical of developing new technologies, such as its novel Zero Voltage Switching (“ZVS”) inverter technology. Among these, Hillcrest faced high-frequency ringing in the power modules, a frequent challenge when operating an inverter at high power levels. Ringing causes electromagnetic interference (“EMI”), which is unwanted noise or interference…

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TuesdayJul 19, 2022 12:12 pm

NetworkNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Releases Financial Report for Q1 2023

FingerMotion (NASDAQ: FNGR), a mobile services and data company, is reporting its financial results for first quarter 2023, which is the period ending May 31, 2022. A highlight of the report showed a record quarterly revenue of $4.86 million; the report noted that that number included FNGR’s SMS & MMS and telecommunications products & services businesses. The report also noted a 13% quarterly decline in the company’s telecommunications products & services business revenue, along with a quarterly cost of revenue of $4.48 million and a reported quarterly loss of $1.44 million. FNGR also noted that its big data business showed…

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TuesdayJul 19, 2022 11:21 am

NetworkNewsBreaks – LQwD Fintech Corp. (TSX.V: LQWD) (OTC: LQWDF) Announces Appointment of New CTO

LQwD Fintech (TSX.V: LQWD) (OTC: LQWDF), a company focused on building infrastructure on the Bitcoin Lightning Network global micropayment system, has named a new chief technology officer. A senior software architect and Bitcoin expert, Aziz Pulatov has accepted the new position; Pulatov is also a senior devops engineer and Amazon Web Services-certified sysops administrator. In conjunction with the new appointment, LQwD noted that Albert Szmigielski had resigned from his position as chief technology officer; Szmigielski will serve as a strategic advisor to the company. “LQwD's management and board of directors would like to sincerely thank Mr. Szmigielski for his many contributions…

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TuesdayJul 19, 2022 10:55 am

NetworkNewsBreaks – Friendable Inc. (FDBL) Releases Revenue Clarification, Notes FeaturedX Enhancements

Friendable (OTC: FDBL), a mobile technology and marketing company, has clarified that an earlier revenue report represents the value of total orders rather than the total collected amount. The company reported that, following its January acquisition of Artist Republik and FeaturedX brands and offerings, the company released a phase II upgrade of the FeaturedX brand. Consequently, the company reported receiving 270 total gross orders, with a value of $169,865; FeaturedX was the main factor in reaching those numbers. FDBL noted that an estimated 17% of the total has been collected to date. According to the announcement, the FeaturedX platform has…

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MondayJul 18, 2022 1:29 pm

NetworkNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Poised for First-Mover Advantage

Flora Growth Corp. (NASDAQ: FLGC) is aggressively pushing its brand and advancing the conversation around cannabis. “In addition, with its able management, Flora is recognizing and capitalizing on opportunities that others are yet to identify, placing it in a unique position that not only gives it a first-mover advantage but also presents a unique opportunity for growth,” a recent article that discusses a research report from Zacks reads. According to the report, 2021 saw Flora’s acquisition of Vessel Brand Inc., a move that allowed the company to establish a foothold in the United States cannabis accessories business while also improving…

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MondayJul 18, 2022 12:51 pm

NetworkNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Partners to Propel New, Exciting Growth Opportunities

Lexaria Bioscience Corp. (NASDAQ: LEXX), a global innovator in drug delivery platforms, recently entered into agreements with beverage developer BevNology. “The BevNology collaboration not only includes a commercial license agreement for products with active ingredients derived from hemp under BevNology’s brand but also a manufacturing operating agreement utilizing BevNology’s new, custom-built state-of-the-art processing facility outside Atlanta…. The manufacturing agreement will help Lexaria broaden its production capabilities for its own growing list of B2B clientele interested in purchasing DehydraTECH-powered active ingredients for consumer-packaged-goods brands. Lexaria has already installed all required commercial DehydraTECH manufacturing equipment at the facility,” a recent article reads.…

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MondayJul 18, 2022 12:36 pm

NetworkNewsBreaks – EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQB: EVGIF) in ‘Strong Position to Expedite Growth as Canada’s RNG Infrastructure Platform’

EverGen (TSX.V: EVGN) (OTCQB: EVGIF) is a leading Canadian renewable energy company and Canada’s renewable natural gas (“RNG”) infrastructure platform. “The Vancouver-based company started regionally in Western Canada with three owned and operated RNG and/or organic processing facilities as it pursues similar clusters throughout the country and seeks to lock down long-term RNG supply contracts. EverGen made its initial foray into Eastern Canada [in May] with an agreement to acquire a 50% interest in a portfolio of RNG development projects in Ontario known as Project Radius,” a recent article reads. “During the first quarter, EverGen booked CA$1.4 million in revenue…

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MondayJul 18, 2022 11:42 am

NetworkNewsBreaks – Prime Harvest Inc. Subsidiary Receives Adult-Use Edibles Sales, Expansion Rights

Prime Harvest, a legal cannabis company focused on tech and parent company to Jaxx Cannabis, has been granted expansion rights of adult-use edibles sales through Jaxx. According to the announcement, Jaxx is Prime Harvest’s flagship retail brand and is driving strong growth for the company, reporting $4 million in sales last year alone. Through Jaxx, which only offers products that are licensed and regulated by California and San Diego County, consumers can order online 24/7 or purchase in a brick-and-mortar retail store and be assured that they are receiving the highest-quality products available. Jaxx offers a diverse array of products selected to…

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MondayJul 18, 2022 10:43 am

NetworkNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) Appoints Michael Woudenberg as Chief Operating Officer

InMed Pharmaceuticals (NASDAQ: INM), a leader in the research, development, manufacturing and commercialization of rare cannabinoids, today announced its appointment of Michael Woudenberg as chief operating officer of the company, overseeing all day-to-day operations. Woudenberg previously served as senior vice president of chemistry, manufacturing and controls. For the past several years, he has been an integral part of InMed’s executive team, supporting multiple functions within the organization. Prior to joining InMed, Woudenberg had over 20 years of successful drug development, process engineering, GMP manufacturing and general management experience at all levels of various companies. “I would like to congratulate Mike…

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FridayJul 15, 2022 1:29 pm

NetworkNewsBreaks – FuelPositive Corporation’s (TSX.V: NHHH) (OTCQB: NHHHF) Flagship System Overcomes Hurdles with Unreliable Supply Chain, Fluctuating Prices

FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF), a growth-stage technology company, is engaged in providing energy-efficient solutions that are commercially viable and sustainable. “Their flagship product, a containerized green ammonia production system, can be used across a spectrum of industries, with special significance for agricultural fertilizers, and offers innovative solutions that address environmental concerns and unpredictable supply chain risks,” explains a recent article. “The ammonia is manufactured onsite from water and air, using a sustainable electricity source – thereby producing green ammonia that is entirely carbon-free. The system is modular, scalable, and fits in standard shipping containers that are placed where the…

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