NetworkNewsBreaks Archive - Page 807 of 2081

WednesdayFeb 16, 2022 3:39 pm

NetworkNewsBreaks – Grapefruit USA Inc. (GPFT) Executes Term Sheet with Dubai-Based Lender to Develop ‘Mothership’ Facility

Grapefruit USA (OTCQB: GPFT), an innovative California-based cannabiotech company, announced that has executed a term sheet with the Al Habtoor Group, located in Dubai, United Arab Emirates. The agreement is intended to finance development of GPFT’s two-acre location in the Coachillin’ Canna-Business Park in Desert Hot Springs, California. Calling the future facility the “mothership,” Grapefruit officials have outlined plans to build a 30,000-square-foot building that will house a state-of-the-art indoor grow and a separately licensed distribution hub and laboratory designed to produce high-quality extracts from trim generated by processing the indoor grow. According to the announcement, the term sheet agreement…

WednesdayFeb 16, 2022 3:31 pm

NetworkNewsBreaks – WarpSpeed Taxi Inc. (WRPT) Issues Update to Shareholders on Company Progress

WarpSpeed Taxi (OTC: WRPT), the developer of an all-in-one software solution for ride hailing, food delivery and courier services, today issued a letter to shareholders from the company’s CEO Daniel Okelo. In the letter, Okelo introduced WarpSpeed Taxi, a new ride-hailing and delivery services platform company, and what he believes represents a ground floor opportunity in an exciting venture. “Our model scales quickly, generates significant revenue sharing and profits, and has limited overhead. We have completed the difficult tasks of product creation and development and will shortly be launching our software solution in a market with strong demand,” Okelo stated…

WednesdayFeb 16, 2022 3:26 pm

NetworkNewsBreaks – ECGI Holdings Inc. (ECGI) CEO Discusses ‘Defining Transition to Drive Shareholder Value’ in Update Letter

ECGI Holdings (OTC: ECGI) (d.b.a. Elite Cannabis Group Incorporated), a Nevada-based portfolio company pivoting into the legal cannabis and cannabinoid marketplace, today issued a letter to shareholders from the company’s CEO William Chung. In the letter, Chung expressed gratitude for ECGI shareholders for their commitment, patience and loyalty as the company undertakes a defining transition to drive value where it sees a strong combination of strategic edge and outsized growth potential. “We will fill in further details in coming communications, but we want shareholders to understand now that we have already taken important strides toward commercial stage operations in the…

WednesdayFeb 16, 2022 3:22 pm

NetworkNewsBreaks – InnerScope Hearing Technologies Inc. (INND) Launches New eCommerce Website – HearingAssist.com

InnerScope Hearing Technologies (OTC: INND), an emerging and disruptive leader in the direct-to-consumer hearing technology space, today announced the launching of a new eCommerce website for HearingAssist, a wholly-owned subsidiary of InnerScope, located at www.HearingAssist.com. The new website showcases a transformative redesign that offers an industry leading digital experience with a new eCommerce platform. “I am thrilled to announce HearingAssist's new website, which provides us greater opportunities for growth by helping our existing customers and reaching potential new customers,” said Matthew Moore, president and CEO of InnerScope. “Considerable thought and time have gone into the front and back-end of this…

WednesdayFeb 16, 2022 3:19 pm

NetworkNewsBreaks – Red White & Bloom Brands Inc.’s (CSE: RWB) (OTCQX: RWBYF) Warren Facility Providing Centralized Distribution, Production Capacity to Expand Sales

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) has received full licensing for manufacturing both medical and adult-use cannabis products in Michigan, a state entering its third year under legislation allowing the legal sale of adult recreational-use cannabis. In addition, a recent article notes, “The company has closed on a lease assignment for a 15,000-square-foot manufacturing, processing and distribution facility in Warren, Michigan, which is part of RWB’s strategic planned acquisition of 18 Michigan dispensaries, four cultivation facilities and other significant real estate announced in September.” RWB CEO and Chairman Brad Rogers comments: “This Warren facility allows us to…

WednesdayFeb 16, 2022 3:16 pm

NetworkNewsBreaks – SPYR Inc. (SPYR) Featured in Latest Episode of Bell2Bell Podcast

SPYR (OTCQB: SPYR) (dba SPYR Technologies), a technology company whose subsidiary, Applied Magix Inc., develops and resells Apple(R) ecosystem compatible products in the growing multibillion-dollar IoT smart home and connected car markets, was featured in the Bell2Bell Podcast, a part of IBN’s (“InvestorBrandNetwork”) sustained effort to provide specialized content distribution via widespread syndication channels. Dr. Harald Zink, CEO, founder and chief product architect of SPYR, joined the latest episode to discuss Applied Magix’s business model, management team and operational goals. “Our basic business plan for the first year of operations was to establish a framework and a foundation for what…

WednesdayFeb 16, 2022 2:03 pm

NetworkNewsBreaks – Kaival Brands Innovations Group Inc. (NASDAQ: KAVL) Announces FY 2021 Results

Kaival Brands (NASDAQ: KAVL) is the exclusive global distributor of products manufactured by Bidi Vapor LLC, including the BIDI(R) Stick disposable electronic nicotine delivery system (“ENDS”), intended exclusively for adults 21 and over. The company today reported its fiscal 2021 results and provided an update in which its Chief Executive Officer Niraj Patel recapped 2021 and offered insight into expansion strategies for 2022. “Fiscal year 2021 was a very challenging year, especially because of FDA's marketing denial order, or MDO, for Bidi Vapor's non-tobacco flavored BIDI (R) Stick ENDS, which caused irreparable harm to both Bidi Vapor and Kaival Brands.…

WednesdayFeb 16, 2022 1:48 pm

NetworkNewsBreaks – InMed Pharmaceuticals Inc.’s (NASDAQ: INM) Evolution to Commercial Sales to Health and Wellness Market Featured in Research Report

InMed Pharmaceuticals (NASDAQ: INM), a leader in the research, development, manufacturing and commercialization of rare cannabinoids, was featured in a report published by Edison Group, a leading research and investor relations consultancy. According to the piece, InMed achieved Q222 financial results that reflect its evolution from a pure-play biotech firm to one with commercial sales to the health and wellness market, with revenues of $0.3 million, all cannabichromene (“CBC”). “As of January, it also began selling cannabicitran (‘CBT’) to the health and wellness market,” notes the report. “The now-completed BayMedica acquisition boosts its product portfolio for rare cannabinoids and rounds…

WednesdayFeb 16, 2022 1:29 pm

NetworkNewsBreaks – Mydecine Innovations Group (NEO: MYCO) (OTC: MYCOF) (FSE: 0NFA) Adds Novel Molecule to Family of Psilocin Analogs

Mydecine Innovations (NEO: MYCO) (OTC: MYCOF) (FSE: 0NFA), a biotechnology company aiming to transform the treatment of mental health and addiction disorders, has included a novel molecule — MYCO-005 — which has potential for heart-safe microdose enabling properties, to its psilocin analogs. The company submitted a patent application covering multiple families of psilocin analogs late last year, noting that these second-generation molecules address delivery and stability concerns with the first-generation compounds. According to the company, its research findings show the potential for a psilocin analog that may be considered a heart-safe microdose drug, which is a substance consumed at a low enough…

WednesdayFeb 16, 2022 12:49 pm

NetworkNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC), Artos Ltd. Enter Agreement to Expand Offering of Cannabis Products for Israeli Market

Flora (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, has announced its entry into an agreement with Artos Ltd. to sell approximately 3,600 kg of dried high-THC cannabis flower to Israel from its Cosechemos cultivation facility. Through the agreement, Flora seeks to establish a partnership with the Artos team to expand their offering of cannabis products for the Israeli market to also include oils and, when regulations permit, finished THC and CBD consumer products. The export of the high-THC product is pending the dried-flower checklist from the Colombian government from the 2021 cannabis law…

Financial news and publishing for public and private companies

Contact us: 512.354.7000

NetworkNewsBreaks