Archive for May, 2020
$UUUU Showing Strong Q1 2020 Results Ahead of U.S. Plans to Revitalize Uranium Industry
- UUUU released Q1 2020 results demonstrating strong balance sheet, extensive uranium inventory
- Energy Fuels is largest U.S. uranium producer and a leading vanadium producer
- UUUU’s White Mesa Mill is only conventional uranium mill operating in the U.S. today; also evaluating entry into rare earth elements space
Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), the largest producer of uranium and a leading producer of vanadium in the United States, recently released its financial results for the quarter ended March 31, 2020 (http://nnw.fm/wq7C6). The report shows a strong balance sheet with more than $48.4 million of cash, marketable securities, and uranium and vanadium inventories. In anticipation of the U.S. government’s plans to establish a domestic uranium reserve, the company strategically opted to not enter into any uranium sales commitments this year and is planning to add all 2020 uranium production to existing inventories. At current commodity prices, Energy Fuels inventories are valued at several million more than what is reflected on their balance sheet.
“At the end of 2020, we anticipate having nearly 700,000 pounds of uranium in inventory, which we hope to be able to sell to the U.S. government, or into otherwise improving uranium markets, at prices much higher than those we see today,” Energy Fuels President and CEO Mark S. Chalmers stated in a news release. “No other U.S. uranium miner has Energy Fuels’ balance sheet or the leverage to improving prices of our inventories.”
The proposed FY2021 federal budget, announced by President Donald Trump on February 10, 2020, includes a request for $150 million per year for the next 10 years to create a U.S. uranium reserve. This comes as part of an overall plan to revive and strengthen the U.S. nuclear fuel industry, as outlined in the U.S. Nuclear Fuel Working Group’s recently released ‘Strategy to Restore American Nuclear Energy Leadership’ report.
The report details a number of planned policy recommendations that include direct government purchases aimed at strengthening the domestic uranium mining industry in addition to preventing the dumping of Russian uranium into the U.S. via caps on Russian imports.
“Energy Fuels continued to be the clear leader in the U.S. uranium space during Q12020,” continued Chalmers. “We received excellent news from the U.S. government in February when President Trump published his budget for fiscal year 2021, which seeks appropriations totaling $1.5 billion over the next 10 years to create a new strategic U.S. uranium reserve.
“Energy Fuels has taken the leading role in obtaining the U.S. government’s support for U.S. uranium miners, spending more time and money on this initiative than any other U.S. uranium miner,” Chalmers added. “And this makes sense, since we have been the largest U.S. uranium producer since 2017, our assets have produced 34% of all U.S. uranium since 2006, and we have more proven facilities, more permitted resources, and more production capacity than any other U.S. miner.”
As part of its response to the president’s policy recommendations, the company is evaluating activities aimed at increasing uranium production at some or all of its production facilities, which include the currently operating White Mesa Mill, the recently operating Nichols Ranch in-situ recovery (ISR) facility, the standby Alta Mesa ISR facility, and the La Sal Complex and Canyon Mine. The policies recommended by the U.S. Nuclear Fuel Working Group represent the strongest levels of U.S. government support for the U.S. uranium mining industry since the 1970’s. Energy Fuels’ unmatched uranium production portfolio positions it to take the leading role in bringing U.S. uranium mining back to global prominence.
Based in Lakewood, Colorado, Energy Fuels holds three of America’s key uranium production centers: the Nichols Ranch (ISR) project in Wyoming, the Alta Mesa ISR Project in Texas, and the White Mesa Mill in Utah – the only conventional uranium mill operating in the U.S. today. These three assets have a combined annual licensed capacity of more than 11.5 million pounds of U3O8 per year. With an asset portfolio that boasts more uranium production facilities, in-ground resources, and production capacity than any other producer, Energy Fuels is in a unique position to continue as the leading producer of U.S. uranium in an era of viable transformation of the U.S. nuclear industry.
For more information, visit the company’s website at www.EnergyFuels.com
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://nnw.fm/UUUU
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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$SGLB Releases Q1 2020 Financial Results
Sigma Labs (NASDAQ: SGLB), a leading developer of quality assurance software for the additive manufacturing industry, on Thursday reported its financial and operational results for the first quarter ended March 31, 2020. Among the highlights, the company announced several key contract wins to further validate its technology. “The first quarter of 2020, even amongst the various COVID-19 related headwinds, positioned us for an exciting year in the commercialization of PrintRite3D,” Sigma Labs president and chief executive officer Mark K. Ruport stated in the news release. “Although we had some short-term impact on our business in March, we are cautiously optimistic that the momentum in the market and the increased demand for more agility in manufacturing supply chains will accelerate the growth of 3D metal printing and open up an even larger opportunity and demand for our technology. We have a well-refined product, ready for use in immediate production and validated by tier-1 partners globally.”
To view the full press release, visit http://nnw.fm/ej5IY
About Sigma Labs Inc.
Sigma Labs is a leading provider of quality-assurance software to the commercial 3D-metal-printing industry under the PrintRite3D(R) brand. Sigma is a software company that specializes in the development and commercialization of real-time, computer-aided inspection (“CAI”) solutions known as PrintRite3D for 3D advanced manufacturing technologies. Sigma Labs’ advanced computer-aided software product revolutionizes commercial additive manufacturing, enabling nondestructive quality assurance mid-production, uniquely allowing errors to be corrected in real time. For more information, please visit www.SigmaLabsInc.com.
NOTE TO INVESTORS: The latest news and updates relating to SGLB are available in the company’s newsroom at http://nnw.fm/SGLB
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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$UUUU Poised to Keep Leading Position Following Trump Strategy
- President Trump’s U.S. Nuclear Fuel Working Group recently released strategy aimed at revitalizing U.S. nuclear fuel and uranium industries
- Three-part strategy prioritizes strengthening uranium mining industry with $150 million earmarked for direct government purchases
- Energy Fuels is largest U.S. uranium producer with more production assets, capacity than any other U.S. company
The Trump administration recently declared its plan to revitalize the U.S. nuclear energy industry, including supporting uranium production, as outlined in a recent strategy report released by the U.S. Nuclear Fuel Working Group (http://nnw.fm/Hdi64). Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), the leading U.S. producer of uranium, is well-positioned to take a prominent role in the president’s plans due to having more assets, in-ground resources and production capacity than any other uranium producer in the United States.
With the goal of having the United States regain its international standing as a world leader in nuclear energy and nuclear fuel, the report outlines a strategy aimed to preserve and grow the U.S. nuclear fuel industry. Serving as a road map for regaining U.S. nuclear energy leadership, the three-pronged strategy begins with bold action to revive and strengthen the uranium mining and conversion industries, followed by investments in innovative nuclear designs and technology. The ultimate goal of these strategies is to reassert the United States into global nuclear markets currently being dominated by Russian and Chinese state-owned enterprises.
“It is within our power to pull America’s nuclear industrial base from the brink of collapse and restore our place as the global leader in nuclear technology, ensuring a strong national security position and buttressing our strength for generations to come,” states the report. Congress is expected to provided broad bipartisan support for these initiatives, which are designed to counter Russian and Chinese efforts to project power using their nuclear energy industries.
Strengthening the uranium mining industry – the first priority of the strategic plan – aims to end America’s near 100% reliance on foreign uranium through direct action taken to revitalize the industry. With the goal of leveling the playing field, so the U.S. can compete on the international market, the directives include purchases of natural uranium from companies such as Energy Fuels, sustaining conversion services, supporting the current fleet of nuclear reactors, removing strategic vulnerabilities across the nuclear fuel cycle and restoring the workforce.
Trump’s proposal to spend $150 million on a strategic U.S. uranium reserve will purchase uranium from domestic uranium producers that include Energy Fuels, the largest producer of uranium in the United States in recent years, and with assets that have accounted for over one-third of the nation’s natural uranium supply since 2006. With a licensed capacity of more than 8 million pounds of uranium per year, the company’s White Mesa Mill in Utah is the only conventional uranium mill in the country. Energy Fuels also owns and operates two ISR uranium facilities with an additional 3.5 million pounds of annual licensed capacity.
“Energy Fuels is the leading U.S. uranium producer, because we have proven assets with exceptional track records of production and environmental protection,” UUUU CEO Mark Chalmers said in a recent corporate presentation (http://nnw.fm/SE2e8).“Energy Fuels has been the largest producer of uranium over the last few years, and we have more uranium production assets and capacity to increase production quicker and on a greater scale than any other producer in the United States, by far.”
Headquartered in Lakewood, Colorado, Energy Fuels is the largest producer of uranium, and the leading conventional producer of vanadium, in the United States. The company’s asset portfolio boasts the most uranium production facilities and in-ground resources in the U.S., enabling the company to outproduce the domestic competition. With government plans currently in motion aimed at revitalizing the nuclear energy industry, UUUU is uniquely positioned to keep its role as the uranium production leader in the United States.
For more information, visit the company’s website at www.EnergyFuels.com
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://nnw.fm/UUUU
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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$BHAT Files Form 20-F Annual Report for Fiscal Year 2019
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT), a producer, developer and operator of augmented reality (“AR”) interactive entertainment games, toys and educational materials in China, on Monday announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2019. According to the update, the filing with the U.S. Securities and Exchange Commission (the “SEC”) was completed on May 11, 2020. Interested parties may access the annual report on Form 20-F, which contains Blue Hat’s audited consolidated financial statements, through the SEC’s website at http://www.sec.gov or the Company’s investor relations website at http://ir.bluehatgroup.com.
To view the full press release, visit http://nnw.fm/cGT5y
About Blue Hat
Blue Hat Interactive Entertainment Technology is a producer, developer and operator of AR interactive entertainment games and toys in China, including interactive educational materials, mobile games and toys with mobile game features. The Company’s interactive entertainment platform creates unique user experiences by connecting physical items to mobile devices, which creates a rich visual and interactive environment for users through the integration of real objects and virtual scenery. Distinguished by its own proprietary technology, Blue Hat aims to create an engaging, interactive and immersive community for its users. For more information, please visit the Company’s investor relations website at www.IR.BlueHatGroup.com.
NOTE TO INVESTORS: The latest news and updates relating to BHAT are available in the company’s newsroom at http://nnw.fm/BHAT
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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$SRAX BIGtoken Study Shows Insight on Consumer Opinions/Plans When Nation Reopens
SRAX (NASDAQ: SRAX), a digital marketing and consumer data management technology company, today released results of a new BIGtoken study that surveyed platform users to gain insight about their opinions and plans when the nation reopens. The study, which was conducted in a 24-hour period, revealed that 67% of respondents are fearful of early reopening due to potential spread of the novel coronavirus. At the same time, 32% of respondents indicated they will immediately go out for non-essential services as soon as they open; 50.6% said they will travel to another state when it’s allowed; and 67% plan to gather with friends and family when their state reopens. Most respondents (39.7%) indicated that they will be visiting state parks and beaches when social distancing mandates are lifted. This is followed by essential supermarkets and banks (37.2%), barber shops and nail salons (33.3%), restaurants (29.5%), and non-essential retail stores (25.6%).
To view the full press release, visit http://nnw.fm/4Dz0H
About SRAX
SRAX (NASDAQ: SRAX) is a digital marketing and consumer data management technology company. SRAX’s technology unlocks data for brands in the CPG, investor relations, luxury, and lifestyle verticals. Through its various platforms, SRAX is monetizing its data sets and growing multiple recurring revenue streams. BIGtoken is a consumer-managed data marketplace where people can own and earn from their data. The platform also provides advertisers and media companies access to transparent, verified consumer data to better reach and serve audiences. Sequire is a premier platform for investor intelligence and communication. Through Sequire, public companies can track their investors’ behaviors and trends and use those insights to engage current and potential investors across marketing channels. For more information on SRAX and its verticals, visit www.SRAX.com.
NOTE TO INVESTORS: The latest news and updates relating to SRAX are available in the company’s newsroom at http://nnw.fm/SRAX
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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$ICLK Subsidiary Wins Excellence, Commitment & Innovation Awards from Tencent Ads
iClick Interactive Asia Group (NASDAQ: ICLK), independent, online marketing and enterprise-data-solutions provider that connects worldwide marketers with audiences in China, today announced that Tencent Ads has named ICLK’s subsidiary, OptAim (Beijing) Information Technology Co., Ltd., the winner of three awards for the second half of 2019. OptAim won the Excellence Award, Commitment Award, and Innovation Award. OptAim was previously named the winner of several annual awards by a separate unit of Tencent Ads, including the 2019 Gold Service Provider. “It is a great honor for iClick to once again win recognition from the Tencent Ads. These accolades highlight iClick’s role as an innovator and a key supplier of online marketing services, even during the difficult environment we faced in 2019,” iClick CEO and co-founder Jian “T.J.” Tang stated in the news release. “Looking ahead, we see a bright future as the rollout of next-generation 5G mobile services drives a new wave of growth in traffic volumes. In the current challenging macro-environment, iClick’s AI technology-driven intelligence and performance-focused solutions are more valuable to our clients than ever, and the combination of our advanced solutions with Tencent Ads provides our clients an unprecedented opportunity to build brand recognition among Chinese consumers. We look forward to deepening our partnership with Tencent Ads to further benefit our clients while fueling the next stage of iClick’s growth.”
To view the full press release, visit http://nnw.fm/8E5Uv
About iClick Interactive Asia Group
iClick Interactive Asia Group Limited is an independent, online marketing and enterprise-data-solutions provider that connects worldwide marketers with audiences in China. Built on cutting-edge technologies, the company’s proprietary platform possesses omni-channel marketing capabilities and fulfills various marketing objectives in a data-driven and automated manner, helping both international and domestic marketers reach their target audiences in China. Headquartered in Hong Kong, iClick was established in 2009 and currently operates in 10 locations worldwide, including Asia and Europe. For more information, visit the company’s website at www.i-Click.com.
NOTE TO INVESTORS: The latest news and updates relating to ICLK are available in the company’s newsroom at http://nnw.fm/ICLK
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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$CNPOF Pandemic Cannabis Innovation: New Cannabis Hemp Products Hit Market
Point Roberts, WA and Delta, BC – May 12, 2020
Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a special news report on how the cannabis industry continues to expand and innovate during the pandemic, featuring Cannabis Suisse Corp. (OTC:CSUI).
Cannabis companies being deemed “essential” during the COVID-19 Pandemic, in addition to booming online sales, has resulted in renewed vitality to an industry coming off of an unstable year. Companies are not only looking at ways to better serve communities and customers safely, but are also launching new products and using this downtime for R & D and license expansion.
A great example of this, Cannabis Suisse Corp. (OTC:CSUI) just announced the addition of a new retail product to its variety of offerings. They range from helping consumers grow their own cannabis plants to a revolutionary, pure base CBD vape liquid. During the global crisis, the Company is not ceasing to create and deliver innovative ideas.
From the news: “Since the cannabis industry has developed, the brands on the market have been working extensively on improving the production quantity and the quality of pre-rolled joints. They have become so popular among users of recreational cannabis due to their small size and compactness. It’s a rather easy-to-use product that delivers an enjoyable and unique experience anytime people use it.
The simplicity of the joints is simply royal, which is no surprise due to Cannabis Suisse Corp. partnering up with RAW, who are known for their ‘best of the best’ rolling papers. RAW comes unbleached, it contains neither chalk, nor dyes, nor flammable additives. These papers just immerse smokers into the experience of using the finest strains of V1 cannabis. Wrapped in unrefined natural paper, the joints give customers a unique smoking experience with a gourmet taste.
The V1 is special for its ability to relax users without sedation and to relieve them without intoxication. The V1 strain is an immensely powerful CBD plant and is guaranteed to contain no less than 20% CBD along with no more than 0.85% THC. It is delicious to smoke having a natural hint of lemon and lime flavors and an enjoyable fresh aftertaste.
The V1 strains are derived from recreational strains and are one of the best-selling products on the market. Over the last few years the V1 has surely become one of the most exciting CBD strains containing around 90% Sativa and 10% Indica. The V1 plant is known to have low yield however it is widely used for therapeutic purposes. People who tried consuming it in different ways report having a feeling of peace and relaxation. It is easy to recognize by hard compact flowerheads. Apart from the crystal appearance, the V1 also has a strong specific scent. V1 will be the main strain for ALPINE CANNABIS CBD tobacco production.
Cannabis users from California, Colorado, Arizona, Oregon, and Washington spent around $36 million in pre-rolled joints only in May of 2019 according to the report introduced by BDS Analytics. (https://bdsa.com/wp-content/uploads/2019/07/CPI-Template-May.pdf). Apart from that, in the end of 2019 the Swiss government finally removed the 25% tobacco tax which was a significant event for the country. In five years from now, Europe is expected to become the largest legal cannabis market in the world. In 2019, the industry there has grown more than in the last six years together.
As always, CSUI’s pre-rolled CBD joints are wrapped in premium quality paper from RAW. They will be made only of quality fresh buds (no leaves, of course) cultivated with non-pesticide fertilizers and biological control agents. The new product line of handmade pre-rolled CBD joints will have no additives. They are free from pesticides, fungicides, heavy metals or nicotine. Natural hemp is always manually harvested and selected with care. No post-harvest wash processing of the cannabis applies. The final product contains all the natural terroir it is supposed to have. This is the Cannabis Suisse finest ready-to-smoke weed product ever cultivated using proprietary growing methods in fully contained facilities in Zurich, Switzerland.
Cannabis Suisse is the first company in Switzerland to offer this uniquely blended fusion of organic cones with optimally boosted CBD content. The THC level has been naturally kept under 1%. CBD flower pre-rolled joints are an all-natural alternative to CBD oil products. They offer pain- relieving, calming and anti-inflammatory properties.
Any cannabis consumer knows how difficult it is to choose a pre-rolled joint. There are lots of doubts whether a package has really as much cannabis flower as the manufacturer indicated, how joints will be wrapped and glued, how they will smolder. Alpine Cannabis buyers will never encounter such problems. The company maintains its work at a high-quality standard. The trademark gives consumers 100% confidence they will get premium quality goods. The quality of the pre-rolled joints is not going to be different from the quality of cannabis buds in bags where consumers can make sure what they are buying. Moreover, upon trying and realizing the convenience of the joints, consumers will return for them over and over again.
Each step of creation process is taken by masters. The Company is happy to present the highest quality and best priced CBD flower pre-rolled joints for the Swiss retail market. The V1 strain is currently growing and the first retail supplies of this product are expected to be ready for selected vendors in July 2020.
CSUI has forward-looking plans to expand outside Switzerland developing customized products. Some European countries like Germany, Denmark, Malta, Greece and Italy discussed the possibility of creating a completely regulated cannabis market by 2028. Furthermore, Luxembourg intends to introduce a regulated market for adult use of cannabis by 2023.
Based on all of the above advantages of the Company’s product, the situation in the European market and forthcoming amendments to the legislation, the Company’s decision to launch a new product line is more than an appropriate and timely one. An investment in this production will pay off for the company in the nearest future, increase the income and make the brand recognizable. In our forecasts, to get a minimum of 400,000 CHF 12 months after the start of sales. CSUI’s pre- rolled joints will become another business card of the Company’s trademark. The product will occupy this niche in the market, crowding out other similar products.”
Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) is also looking to bring new innovative products to market having recently announced a C$2 million investment in Dynaleo Inc., an Edmonton-based company focused on white-label manufacturing edible cannabis gummies for the Canadian market. Through this investment in what the Company anticipates may become a leading industrial scale Canadian gummies manufacturer, Canopy Rivers believes it is capitalizing on a significant opportunity in what is currently an underserved and underdeveloped segment of the cannabis market. Once Dynaleo receives the required licencing from Health Canada, it expects to begin operating its 27,000 sq. ft. purpose-built facility with the goal of producing enough gummies to take a sizable bite out of the projected edibles market.
“We believe that Dynaleo is positioned to become a market leader in cannabis edibles manufacturing in Canada,” said Narbé Alexandrian, President & CEO, Canopy Rivers. “In the gummies market specifically, we see a significant supply and demand imbalance and a move towards outsourcing products to leading manufacturers. We think Dynaleo’s manufacturing capabilities, combined with its capable management team, position it to help close this supply gap in the short term and become a trusted manufacturer of cannabis edibles in the long term.”
When Cannabis 2.0 launched in Canada, regulatory uncertainties around the gummy format led many license holders to focus on other edible cannabis formats, with only some licensed producers investing in the infrastructure to produce gummies. As a result of this, initial market observations suggest that the demand for edibles is significantly ahead of supply, with limited product availability and consistently high out-of-stock rates relative to other products.
Headset data from mature U.S. markets, combined with Deloitte’s projection that Canada’s edibles market could be worth $1.6 billion annually, indicates that there is an opportunity for increased gummy production in Canada. In Colorado and California, Headset reports that gummies were the top selling edible product, accounting for 55% and 56% of edible cannabis sales respectively in 2019. Assuming that Canadians emulate these consumption habits, Canadian licensed producers may not yet have the production capacity or partnerships to fulfill this demand.
“On top of helping Canada’s licensed producers close the supply gap, we also believe that Dynaleo will play a role in expanding the total addressable market for cannabis products, with market research indicating that new consumers are more likely to enter the cannabis market through edibles than other products,” added Alexandrian.
Another competitor looking to enter the EU marketplace, Aleafia Health Inc.’s (TSX: ALEF) (OTC: ALEAF) indirect subsidiary, Emblem Germany GmbH, recently announced formally submitting its application to German regulators for EU Good Manufacturing Practices certification.
The Company’s newly licensed Paris Facility has been purpose built to meet EU-GMP certification requirements, pharmaceutical-grade production’s highest standard, and as a result, provides wide access to global markets. The application, if successful, would allow the Company’s Paris Facility to produce and export EU-GMP certified cannabis products to the European Union.
Cannabis production operations commenced on May 6, 2020 at the Paris Facility Phase II expansion, only three business days following receipt of the amended Health Canada license. Aleafia Health indirectly owns 60 percent of Emblem Germany, by way of a joint-venture between Emblem and German pharmaceutical wholesaler and logistics company, Acnos Pharma GmbH. It is difficult to ascertain the timeline for securing certification, but the Company intends to continue preparing for an eventual facility inspection.
Aleafia Health and Acnos’ senior management are directing the effort and have previously led the build-out, certification and operation of multiple EU-GMP certified pharmaceutical production facilities in The Netherlands, Germany and North America.
Later this month, Acnos is expected to complete a new state-of-the-art pharmaceutical production and supply chain facility in Aachen Brand, Germany. It contains a dedicated cannabis distribution hub that Acnos owns and Emblem Germany will operate, allowing the Company to commence sales upon receipt of necessary German export and import permits.
“The state-of-art expansion of the Paris Facility, purpose built to meet EU-GMP standards, creates a unique competitive advantage with significant barriers to entry,” said Aleafia Health CEO, Geoffrey Benic. “We look forward to leveraging the skillsets of our strong partner Acnos Pharma along with our management team’s in-house EU-GMP expertise.”
“The near completion of our international cannabis distribution center along with Emblem’s Paris Facility Phase II expansion licence are breakthrough milestones toward our goal to achieve a EU-GMP Licence and receiving Emblem-produced cannabis oil products in Germany,” said Maximillian Claudel, Acnos Co-Owner and Managing Director, Emblem Germany.
Hemp, Inc. (OTC: HEMP), a global leader in the industrial hemp industry with bi-coastal processing centers, including the 85,000 square foot multipurpose industrial hemp processing facility on 9 acres in Spring Hope, NC, a 55,000 square foot state-of the art local processing center in White City, Oregon, a 500-acre hemp growing Veteran Village Kins Community in Golden Valley, Arizona, two model “Small Family Hemp Farms” in North Carolina and Arizona, a pre-roll blending manufacturing facility in Las Vegas, NV, and a 5,000 square-foot retail store in Kingman, Arizona, is also bringing new products to market having announced the launch of the King of Hemp website where Bruce Perlowin’s King of Hemp pre-rolls, made from premium, smokable hemp flower, are available for purchase.
Hemp, Inc. CEO, Bruce Perlowin’s King of Hemp pre-roll line offers high-end products that are an effective and flavorful, smokable alternative to cigarettes and other hemp consumption methods. The newly launched King of Hemp pre-rolls are compliant with the 2018 Farm Bill, federal regulations, and regulations in the markets where they are available for purchase. The King of Hemp pre-rolls can be purchased individually or in packs of 6. Each pre-roll is 1 gram and does not exceed 0.3% THC.
King of Hemp pre-rolls use A and B hemp colas which are derived from Pre-98 OG Bubba Kush, one of the top selling cultivars on the market. The strain, rich soil and climate lend themselves to these colas being among the highest quality buds, positioning them to be some of the best tasting for consumption.
The Company’s new website for its King of Hemp line (www.kingofhempusa.com) also has CBD oil tinctures available for purchase. The tinctures are available in two flavors, Natural and Peppermint, and contain full-spectrum hemp oil extracted from the flowers and leaves of hemp plants sustainably sourced from Colorado. They are also compliant with the regulations created by the Colorado Department of Agriculture in regards to industrial hemp. The tinctures contain .3% or less THC and are compliant with the 2018 Farm Bill.
“The King of Hemp pre-rolls were well received during our soft launch and have been lauded as one of the best smokes out there. We crafted them with great care — from concept to the cola, and now with our official launch,” said Hemp, Inc. CEO, Bruce Perlowin. “We really wanted to give this product line the time and respect it needed to be brought to market. I’m very excited for hemp enthusiasts, CBD patients and first-time hemp smokers to enjoy the King of Hemp pre-roll line.”
As the hemp/CBD and cannabis industry continues to see aggressive online sales and demand in new international markets there will be significant opportunity for great new product innovation. This is especially true as the industry continues to remain dependent on online sales which forces businesses to be much more aware of consumer feedback and product preferences.
$POAI CEO Enters into Debt-to-Equity Agreement, Touts Company’s Major Asset
- POAI CEO exchanges $2.1 million promissory note for newly issued stock shares
- Strategic agreement enables company to strengthen balance sheet, simplify capital structure in plan to commercialize highly valuable database
- Because of its unique patient inventory, Helomics is only company with ability to profile tumors
In a significant move indicating strong confidence in the company’s future, Predictive Oncology Inc. (NASDAQ: POAI) CEO Dr. Carl Schwartz has entered into an agreement exchanging a $2.1 million promissory note for equity in the company, which has established itself as a leader in the cancer precision-medicine field. In addition, during a recent interview, Schwartz called POAI’s subsidiary Helomics a “major asset,” and noted (http://nnw.fm/54qVZ) that the company’s “claim to fame is its inventory of over 150,000 cancer tumors covering over 137 types of cancers, with over 30,000 related to ovarian cancer, which is sort of our specialty.”
The agreement, which was released late last month, outlines the details: Schwartz has exchanged the promissory note for newly issued shares of common stock – $0.01 par value of the company at market value. The debt-to-equity arrangement was negotiated on an arms-length basis between Predictive Oncology and…
NOTE TO INVESTORS: The latest news and updates relating to POAI are available in the company’s newsroom at http://nnw.fm/POAI
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$YGYI Subsidiaries and Nicaraguan Partners Break Ground on Hemp Grow Project
Youngevity International (NASDAQ: YGYI) today announced that its wholly-owned subsidiaries, CLR Roasters LLC and Khrysos Industries, Inc., along with its Nicaraguan Partners, have officially broken ground on the hemp grow and oil extraction joint venture project on Chaguitillo Farms in Sebaco-Matagalpa, Nicaragua. The first phase of the development project includes plans to run electricity that will power the 15,000 AMP electrical service that is necessary to power the project. Per the news release, the official electrical permits have been approved. As an update to stakeholders and the community, the joint venture also released a rendering of the project (http://cnw.fm/j4GoO). “It is impressive to see how quickly this project is getting off the ground and we are grateful for the collaboration between our hemp enterprise, our coffee enterprise and our strategic business partners in Nicaragua. We are proud to share our first of what will be many updates to all stakeholders,” Youngevity president and CFO Dave Briskie stated in the news release.
To view the full press release, visit http://cnw.fm/nJM4i
About Youngevity International
Youngevity International is a multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, a commercial hemp enterprise, and a multi-vertical omni direct selling enterprise. The company features a multi country selling network and has assembled a virtual main street of products and services under one corporate entity. YGYI offers products from the six top selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry, as well as innovative services. For more information, visit the company’s website at www.YGYI.com.
NOTE TO INVESTORS: The latest news and updates relating to YGYI are available in the company’s newsroom at http://cnw.fm/YGYI
About HempWireNews
HempWireNews (HWN) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HWN is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWireNews (HWN) is where HEMP news, content and information converge.
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$CNPOF to Release Q4 and Fiscal Year 2020 Financial Results, Host Conference Call and Webcast
Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, today announced that it will report its financial results for the fourth quarter and fiscal year ended March 31, 2020 before markets open on Friday, May 29, 2020. According to the update, the Company will also host a conference call and audio webcast, led by its President and CEO Narbé Alexandrian and CFO Eddie Lucarelli, following release of its results. The call is scheduled to take place at 9:00 AM Eastern Time on May 29, 2020. Interested parties may join the call by dialing 888-390-0546 (North America Toll Free) and entering conference ID: 60093937. A replay will be available until 11:59 PM Eastern Time on June 29, 2020, by dialing 1-888-390-0541 and entering replay password: 093937#.
To register and log into the live audio webcast, visit http://cnw.fm/nnt0P
To view the full press release, visit http://cnw.fm/UOvk0
About Canopy Rivers
Canopy Rivers is a venture capital firm specializing in cannabis. Its unique investment and operating platform is structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers identifies strategic counterparties seeking financial and/or operating support. Canopy Rivers has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the emerging cannabis sector. As the portfolio continues to develop, constituents will be provided with opportunities to work with Canopy Growth Corporation (TSX: WEED, NYSE: CGC) and collaborate among themselves, which Canopy Rivers believes will maximize value for its shareholders and foster an environment of innovation, synergy and value creation for the entire portfolio. For more information, visit www.CanopyRivers.com.
NOTE TO INVESTORS: The latest news and updates relating to CNPOF are available in the company’s newsroom at http://cnw.fm/CNPOF
About CannabisNewsWire
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
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$BHAT Announces Filing of Annual Report on Form 20-F for Fiscal Year 2019
XIAMEN, China, May 11, 2020 — Blue Hat Interactive Entertainment Technology (“Blue Hat” or the “Company”) (NASDAQ: BHAT), a producer, developer and operator of augmented reality (“AR”) interactive entertainment games, toys and educational materials in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the U.S. Securities and Exchange Commission (the “SEC”) on May 11, 2020. The annual report on Form 20-F, which contains the Company’s audited consolidated financial statements, can be accessed through the SEC’s website at http://www.sec.gov or the Company’s investor relations website at http://ir.bluehatgroup.com.
In addition, the Company will provide a hard copy of its annual report on Form 20-F, containing the Company’s audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed to Investor Relations Department, Blue Hat Interactive Entertainment Technology, 7th Floor, Building C, No. 1010 Anling Road, Huli District, Xiamen, China 361009.
About Blue Hat
Blue Hat Interactive Entertainment Technology is a producer, developer and operator of AR interactive entertainment games and toys in China, including interactive educational materials, mobile games, and toys with mobile game features. The Company’s interactive entertainment platform creates unique user experiences by connecting physical items to mobile devices, which creates a rich visual and interactive environment for users through the integration of real objects and virtual scenery. Distinguished by its own proprietary technology, Blue Hat aims to create an engaging, interactive and immersive community for its users. For more information, please visit the Company’s investor relations website at http://ir.bluehatgroup.com.
Contacts:
Lexie Zhang
Blue Hat Interactive Entertainment Technology
Phone: +86 (592) 228-0010
Email: ir@bluehatgroup.net
Sam Martin
The Foote Group
Phone: +86 187-0160-0950
Email: sam@thefootegroup.com
$SRAX BIGtoken and Publicis Groupe Release Mother’s Day Consumer Insights via Research Study
SRAX (NASDAQ: SRAX), a digital marketing and consumer data management technology company, today released a Mother’s Day research study with Publicis Groupe, one of the largest marketing and communications companies in the world. According to the update, Publicis Groupe activated Lightning Insights and surveyed BIGtoken users across its panel of millions of consumers to examine the ways in which consumers purchased and celebrated Mother’s Day. Per the study, 84% of respondents celebrated Mother’s Day in some way this year, with 49% having hosted a virtual gathering, 68% sending a gift, gift card or food, and 49% purchasing items online for the holiday. “BIGtoken is happy to play a role in helping brands understand rapidly changing consumer behaviors during this time,” George Stella, EVP SRAX/BIGtoken, said in the news release. “Because our users are compensated as they share their data, we’re proud to put a little money back in their pockets. We look forward to continuing to use our platform to help in this crisis by connecting brands directly with their customers, and providing quick, relevant insights and audiences they can activate.”
To view the full press release, visit http://nnw.fm/IHce4
About SRAX
SRAX (NASDAQ: SRAX) is a digital marketing and consumer data management technology company. SRAX’s technology unlocks data for brands in the CPG, investor relations, luxury, and lifestyle verticals. Through its various platforms, SRAX is monetizing its data sets and growing multiple recurring revenue streams. BIGtoken is a consumer-managed data marketplace where people can own and earn from their data. The platform also provides advertisers and media companies access to transparent, verified consumer data to better reach and serve audiences. Sequire is a premier platform for investor intelligence and communication. Through Sequire, public companies can track their investors’ behaviors and trends and use those insights to engage current and potential investors across marketing channels. For more information on SRAX and its verticals, visit www.SRAX.com.
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$MEDS Featured in Dougherty & Company LLC Research Report
Trxade Group Inc. (NASDAQ: MEDS) was featured in a recent equity research report published by Dougherty & Company LLC. The report reads, “We reiterate our Buy rating and $12 Price Target on MEDS following Q1 results that beat expectations. As the only estimate on the Street, we note that revenue, EBITDA and EPS were each ahead of our forecast. MEDS added 305 new pharmacy registrations which was in line with our forecast of 300. We were pleased also with the “same-store” growth of pharmacy prescription volume which was up 14% y/y and drove the upside to our model. Results were especially strong in light of the COVID pandemic which impacted results in the last 3 weeks of March. We are increasing estimates for 2020 and continue to recommend the name.”
To request access to the full report, visit http://nnw.fm/JXH6i
About Trxade Group Inc.
Headquartered in Tampa, Florida, Trxade Group Inc. is an integrated drug procurement, delivery and healthcare platform that enables price transparency and increased profit margins to buyers and sellers of pharmaceuticals, makes healthcare services affordable and accessible across all 50 states, and steps in to meet today’s immediate demands. Founded in 2010, Trxade Group is comprised of four synergistic operating platforms; the Trxade B2B trading platform with 12,100 registered pharmacies, a licensed virtual Wholesaler, affordable healthcare via its Bonum Health app or web-based telehealth services, and same day or mail order pharmacy delivery capabilities via its DelivMeds app featuring its extensive nationwide distribution network. For additional information, please visit www.Trxade.com.
NOTE TO INVESTORS: The latest news and updates relating to MEDS are available in the company’s newsroom at http://nnw.fm/MEDS
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$PBIO Reveals Plan to Change Company Name to Availa Bio Upon Completion of Cannaworx, SkinScience Transactions
Pressure BioScience (OTCQB: PBIO) (“PBI”), a leader in the development and sale of broadly enabling, pressure-based instruments, consumables, and platform technology solutions to the worldwide biotechnology, biotherapeutics, cosmeceuticals, nutraceuticals, and food & beverage industries, today announced its plan to change the company’s name to Availa Bio upon completion of the acquisitions and merger of Cannaworx, Inc. and SkinScience Labs, Inc. The three companies will function as synergistic divisions within the combined “Availa Bio” entity, which will focus on optimizing bioavailability, absorption, quality and performance of human, animal and agricultural products. “PBI’s UST platform offers the potential to deliver an extraordinary breakthrough in creating unique, high quality nanoemulsions of oil in water. A vast range of personal care and consumption products, including nutraceuticals, cosmetics, pharmaceuticals, food & beverages, all face the perplexing challenge of getting active oil-based nutrients or therapeutic ingredients to become easily absorbable and effective in the water-based biology of our bodies. The opportunity to combine our strong engineering and biotech capabilities with two companies that already provide product innovation and brand leadership in diverse consumer product areas is very exciting and allows us to clearly move the identity and market focus of the combined companies from science platforms to the value delivery of availability and performance of active ingredients in final products,” Pressure BioScience president and CEO Richard T. Schumacher stated in the news release.
In addition, the company was recently highlighted in a Small Caps Daily article discussing the recently announced acquisitions (http://cnw.fm/rSC4x). Among other highlights, the article discusses how the company will advance following the acquisitions of Cannaworx, a company with a strong and diversified portfolio of U.S. hemp-derived CBD products and intellectual property, and the SkinScience(R) brand, a profitable and highly renowned company within the cosmetics space. Both the letter of intent (“LOI”) between Cannaworx, Inc. and SkinScience Labs, and the letter of intent between PBIO and Cannaworx, Inc. are subject to certain closing conditions, including satisfaction of all due diligence and acquisition financing.
To view the full press releases, visit http://cnw.fm/h2Xht and http://cnw.fm/A1QiO
About Pressure BioSciences Inc.
Pressure BioSciences is a leader in the development and sale of innovative, broadly enabling, pressure-based solutions for the worldwide life-sciences industry. The company’s products are based on the unique properties of both constant (i.e., static) and alternating (i.e., pressure-cycling technology, or “PCT”) hydrostatic pressure. PCT is a patented, enabling technology platform that uses alternating cycles of hydrostatic pressure between ambient and ultra-high levels to safely and reproducibly control bio-molecular interactions (e.g., cell lysis, biomolecule extraction). PBIO’s primary focus is in the development of PCT-based products for biomarker and target discovery, drug design and development, biotherapeutics characterization and quality control, soil and plant biology, forensics and counter-bioterror applications. Additionally, major new market opportunities have emerged in the use of its pressure-based technologies in the following areas: (1) the use of its recently acquired, patented technology from BaroFold Inc. (the “BaroFold” technology) to allow entry into the biopharma contract services sector, and (2) the use of its recently patented, scalable, high-efficiency, pressure-based Ultra Shear Technology (“UST”) platform to (i) create stable nanoemulsions of otherwise immiscible fluids (e.g., oils and water) and (ii) prepare higher-quality, homogenized, extended shelf-life or room-temperature, stable, low-acid liquid foods that cannot be effectively preserved using existing nonthermal technologies. For more information, visit the company’s website at www.PressureBiosciences.com.
About CBDWire
CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge.
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$GGBXF 420 with CNW – Medical Cannabis Telehealth Approved During Coronavirus Pandemic
With the coronavirus outbreak ravaging most continents, we’ve been forced to find ways to keep crucial services running. The internet has played an integral role, especially in regard to meetings, learning, and shopping. One other crucial contribution has been telehealth.
Most doctors prefer face to face visits but that has been made impossible by the current services. Telehealth is a good alternative, providing patients with the healthcare they need with zero risk. And since insurers and the federal government started covering virtual visits, states have begun allowing medical marijuana to be prescribed virtually.
The medical cannabis industry provides employment to hundreds of thousands of workers and medicine to millions. Most states that allow cannabis deemed the industry essential, giving cannabis dispensaries permission to keep operating during the lockdown. More than two dozen of those states have temporarily permitted prescribing medical cannabis virtually.
Although the conditions for virtual healthcare may vary, with some demanding initial physical visits, most states allow something similar to Maryland’s: “Upon termination of the state of emergency, this bulletin will terminate and certifying providers may no longer issue a written certification via telehealth.”
The practice is relatively new in the medical marijuana space, and some doctors and patients are warming up to it. Jordan Tishler, MD, runs a medical cannabis practice in the Boston area, and he prefers to be in the same room as his patients. However, after a month of just virtual visits, he says he has found “telemedicine works well for what I do.”
“It’s mostly talking and at the end, patients get an electronic copy of everything. They don’t even have to take notes,” says Leslie Mendoza Temple, MD, director of North shore Medical Group’s Interactive Medicine program in Chicago. She is also on the board of the advocacy group Doctors for Cannabis Regulation (DFRC).
According to Mendoza Temple, she is just as busy as she was before the pandemic. She hosts intractable pain group meetings via Zoom where she shares the risks and benefits and offers Q&A sessions. She holds individual virtual visits for each patient as well. “I don’t feel like it’s much, much different than the in-person visits I did before,” she says.
The almost seamless transition into telehealth may be because medical marijuana appointments rarely called for physical visits, even before the pandemic.
Advocates say that states should make this model permanent after the coronavirus outbreak dies down. “Patients love telemedicine. Even before the pandemic, patients and us were advocating for it. Our biggest concern is, can we continue to have this after the pandemic is over because it is a really useful resource,” Debbie Churgai, director of Americans for Safe Access, a medical cannabis advocacy group says.
Experts believe this new option if interacting with medical marijuana health professionals is a welcome development to marijuana industry players like Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) who were worried patients would suffer due to lack of physical access to their doctors.
About CNW420
CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.
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$GNPX Expands Oncology Franchise via Exclusive Worldwide Patent and Technology License Agreement
Genprex (NASDAQ: GNPX), a clinical-stage gene therapy company developing potentially life-changing technologies for patients with cancer and diabetes, today announced that it has entered into a patent and technology license agreement with The University of Texas MD Anderson Cancer Center, granting Genprex an exclusive worldwide license to a portfolio of 16 patent applications and related technology (“Licensed IP”) for the treatment of cancer using Genprex’s lead drug candidate and TUSC2 gene therapy, known as “Oncoprex” or “GEN-001,” in combination with immunotherapies. The Licensed IP covers the use of Oncoprex in combination with one or more immunotherapies for the treatment of cancer, as well as the use of chemotherapy in combination with Oncoprex and immunotherapy. Although the initial disease indication for Oncoprex is non-small cell lung cancer (“NSCLC”), the Licensed IP claims patent protection for combination use of Oncoprex in all types of cancers. Per the agreement, MD Anderson will receive an up-front license fee and annual maintenance fees, with the potential for milestone payments, sublicensing fees, and product royalties. “We are pleased to advance the intellectual property that is covered by this license agreement,” Genprex Chairman and CEO Rodney Varner stated in the news release. “We are excited to be developing two distinct therapeutic approaches to lung cancer utilizing the combination of our gene therapy with successful targeted therapies, such as Tagrisso, and immunotherapies, such as Keytruda, to potentially improve patient outcomes and increase the number of patients who may benefit from these important therapies.”
To view the full press release, visit http://nnw.fm/Cf8NI
About Genprex, Inc.
Genprex, Inc. is a clinical-stage gene therapy company developing potentially life-changing technologies for patients with cancer and diabetes. Genprex’s technologies are designed to administer disease-fighting genes to provide new treatment options for large patient populations with cancer and diabetes who currently have limited treatment options. Genprex works with world-class institutions and collaborators to in-license and develop drug candidates to further its pipeline of gene therapies in order to provide novel treatment approaches. The Company’s lead product candidate, Oncoprex(TM), is being evaluated as a treatment for non-small cell lung cancer (“NSCLC”). Oncoprex has a multimodal mechanism of action that has been shown to interrupt cell signaling pathways that cause replication and proliferation of cancer cells; re-establish pathways for apoptosis, or programmed cell death, in cancer cells; and modulate the immune response against cancer cells. Oncoprex has also been shown to block mechanisms that create drug resistance. In January 2020, the U.S. Food and Drug Administration granted Fast Track Designation for Oncoprex immunogene therapy for NSCLC in combination therapy with osimertinib (AstraZeneca’s Tagrisso(R)). For more information, please visit the company’s website at www.Genprex.com.
NOTE TO INVESTORS: The latest news and updates relating to GNPX are available in the company’s newsroom at http://nnw.fm/GNPX
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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$UUUU Featured in ROTH Equity Research Report
Energy Fuels (NYSE American: UUUU) (TSX: EFR) was featured in a recent equity research report published by ROTH Capital Partners LLC. The report reads, “On May 1, 2020, UUUU released its financial and operating results for Q1 2020. Based on these results and near-term production expectations, we believe UUUU is going to wait for improved uranium price before increasing production. Due to this and recent equity transactions, we are cutting our price target from $3.25 to $2.00 and maintaining our Buy rating.”
To request access to the full report, visit http://nnw.fm/DXCr3
About Energy Fuels Inc.
Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The Company also produces vanadium from certain of its projects, as market conditions warrant. Its corporate offices are in Lakewood, Colorado near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR”) Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year, and has the ability to produce vanadium when market conditions warrant. The Nichols Ranch ISR Project is in operation and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is currently on standby. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol “UUUU,” and the Company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol “EFR.” For more information, visit the Company’s website at www.EnergyFuels.com.
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://nnw.fm/UUUU
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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$POAI Streamlines Capital, Simplifies Balance Sheet through Debt Exchange
- POAI CEO exchanges $2.1 promissory note for shares of common stock
- Agreement enables Predictive Oncology to strengthen balance sheet, simplify capital structure at critical juncture in quest to commercialize highly valuable database
- POAI cancels outstanding debt of $2,115,000 in aggregate principal amount of 12% promissory note
Predictive Oncology Inc. (NASDAQ: POAI), a knowledge-driven company focused on applying artificial intelligence to personalized medicine and drug discovery, has entered into an agreement with its CEO to exchange a $2.1 million promissory note for newly issued equity (http://nnw.fm/Y1UeQ). The strategic move demonstrates the confidence CEO Dr. Carl Schwartz has in the growing company.
“This agreement enables the company to strengthen its balance sheet and simplify its capital structure at a critical juncture in our quest to commercialize our highly valuable database of cancer tumors for the advancement of predictive medicine,” Schwartz said in a news release. “At the same time, it reinforces my commitment and demonstrates my belief in our ability to emerge as a leader in the application of artificial intelligence to oncology therapies.”
According to the agreement, Schwartz will exchange the promissory note for shares of common stock, $0.01 par value of Predictive Oncology at market value. In addition, Schwartz agrees not to sell or otherwise transfer one-half of the shares for three months after the date of the exchange agreement and not to sell or otherwise transfer the remaining shares for six months after the date of the agreement. Negotiated between the POAI and Schwartz on an arms-length basis, the agreement was approved by the Audit Committee of the company’s board of directors in accordance with Nasdaq listing requirements.
POAI received the note from Schwartz, exchanging it for 1,533,481 shares of common stock, newly issued at an exchange rate of $1.43 per share, the closing price of POAI common stock on April 21, 2020, prior to the execution of the agreement. Upon receipt, Predictive Oncology cancelled outstanding debt of $2,115,000 in aggregate principal amount of its 12% promissory note; the note was due to Schwartz by September 2020.
Additional details regarding the agreement can be found at www.SEC.gov on the company’s Form 8-K filed with the Securities and Exchange Commission on April 22, 2020.
POAI is bringing precision medicine, or tailored medical treatment using the individual characteristics of each patient, to the treatment of cancer. Through the company’s Helomics division, the company leverages its unique, clinically validated patient derived (PDx) smart tumor profiling platform to provide oncologists with a road map to help individualize therapy. In addition, the company is leveraging artificial intelligence and its proprietary database of over 150,000 cancer cases tumors to build AI-driven models of tumor drug repose to improve outcomes for the patients of today and tomorrow.
For more information, visit the company’s website at www.Predictive-Oncology.com
NOTE TO INVESTORS: The latest news and updates relating to POAI are available in the company’s newsroom at http://nnw.fm/POAI
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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$ICLK Files 2019 Annual Report with the SEC on Form 20-F
iClick Interactive Asia Group (NASDAQ: ICLK), an independent online marketing and enterprise data solutions provider in China, announced that on April 30, 2020 the company filed its annual report for the fiscal year ended December 31, 2019 on Form 20-F with the U.S. Securities and Exchange Commission (“SEC”). iClick Interactive Asia Group’s annual report on Form 20-F, which includes its audited consolidated financial statements, is available to view on the SEC’s website (www.SEC.gov) and on the company’s investor relations website (http://ir.i-click.com).
To view the full press release, visit http://nnw.fm/7Y75l
About iClick Interactive Asia Group
iClick Interactive Asia Group Limited is an independent, online marketing and enterprise-data-solutions provider that connects worldwide marketers with audiences in China. Built on cutting-edge technologies, the company’s proprietary platform possesses omni-channel marketing capabilities and fulfills various marketing objectives in a data-driven and automated manner, helping both international and domestic marketers reach their target audiences in China. Headquartered in Hong Kong, iClick was established in 2009 and currently operates in 10 locations worldwide, including Asia and Europe. For more information, visit the company’s website at www.i-Click.com.
NOTE TO INVESTORS: The latest news and updates relating to ICLK are available in the company’s newsroom at http://nnw.fm/ICLK
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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NetworkNewsWire is part of the InvestorBrandNetwork.
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- $LGVN InvestorNewsBreaks – Longeveron Inc. (NASDAQ: LGVN) to Exercise Warrants for ~$6.2M
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- $SOBR InvestorNewsBreaks – SOBR Safe Inc. (NASDAQ: SOBR) Inks Deal with Four-Facility Behavioral Health Provider in Florida
- $LGVN InvestorNewsBreaks – Longeveron Inc. (NASDAQ: LGVN) to Exercise Warrants for ~$6.2M
- $LGVN New Study Shows Social Isolation, Frailty Worsen Health Risks for Aging People
- $CIPI Green-Energy Projects Face Financing Woes Amid High Interest Rates
- $FNICF Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Sees Great Potential Across its Saskatchewan Nickel Projects
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- $CLNN InvestorNewsBreaks – Clene Inc. (NASDAQ: CLNN) Announces Study Results for CNM-Au8 as Multiple Sclerosis Treatment Presented at AAN Conference
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