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Lunchtime Venture Snack, by 24/7 Market News

2018-07-31T17:30:16+00:00 Jul. 31, 2018 12:15PM EST|

Lunchtime Venture Snack for July 31, 2018

  • Kraig Biocraft Laboratories Reports Farming Cooperatives Break Ground in Vietnam

“ANN ARBOR, Mich., – July 31, 2018 – Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers, announces today that work has begun under the collaborative agreement signed between the Company and several farming cooperatives in Quang Nam Province, Vietnam. As part of the agreement reported earlier this month, these farming cooperatives have now begun planting mulberry. This mulberry is the key input for the Company’s newly formed subsidiary, Prodigy Textiles, its proprietary hybrid silkworms, and the commercialization of the Company’s recombinant spider silk materials…

“Under these agreements the Company expects that as many as 2,500 hectares (~6177 acres) of mulberry will be planted near the Company’s new factory, supporting Prodigy Textiles spider silk production for several years to come.”

 

  • Solbright and M2M Spectrum Networks Merge to Create Iota Communications, Inc.

“NEWARK, N.J., July 31, 2018 /PRNewswire/ -- Solbright Group, Inc. (OTCQB: SBRT), an industrial AI, machine learning and energy management company providing Internet of Things (IoT) solutions for commercial and industrial facilities, and M2M Spectrum Networks, LLC, the fast-growing, national, dedicated IoT network access and IoT solutions company, today announced the signing of a merger agreement creating the first publicly-traded, pure-play, fully-featured IoT network operating company in the U.S.

The merger follows Solbright and M2M's June partnership announcement, offering a comprehensive, next-generation Smart Facilities line of products and services, called SF Net, which includes security, asset tracking, facilities management, energy management, predictive maintenance and more.

The new combined company, to be renamed Iota Communications, Inc. ("Iota"), will add Iota's healthcare, logistics, agricultural, and geo-marketing base to Solbright's smart facilities and industrial offerings, bringing together:

  • M2M's best-in-class, end-to-end network connectivity employing FCC-licensed radio spectrum;
  • a robust IoT cloud platform buttressed with BrightAI from Solbright; and
  • a combined suite of applications for the IoT's most valuable verticals…

“Under the terms of the Agreement and Plan of Merger and Reorganization executed on July 30th, 2018, Spectrum Networks Group, LLC, the majority owner of M2M, will convert its previously announced $5 million investment into Solbright common stock at $1.00 per share. Solbright will acquire 100 percent of M2M in accordance with a share exchange in which approximately 143.27 million shares of common stock will be issued to the equity owners of M2M plus warrants to acquire an additional approximate 11.99 million shares of common stock. M2M is also bringing significant additional funding capability over the next 18 months from its ongoing Spectrum Partners Program, which Iota intends to utilize going forward.”

  • Aurora Mountain Facility Receives Health Canada Dealer's License

“EDMONTON, July 30, 2018  /CNW/ - Aurora Cannabis Inc. ("Aurora" or the "Company") (TSX: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) today announced that it has obtained a Health Canada Dealer's License ("Dealer's License") under the Controlled Drugs and Substances Act for its EU GMP certified Aurora Mountain facility in Alberta. The new license will allow Aurora additional opportunities to produce, assemble, and sell cannabis oils and future novel, derivative products from Aurora Mountain, Furthermore, the license provides additional opportunities to transport cannabis products for import from and export to international markets, subject to applicable regulations…

“A dealer's license is also critical for expanding research and development capacity as it provides the potential for working with cannabinoids and their derivatives not covered under an ACMPR license. This will enable Aurora and its subsidiaries to drive innovation in the form of marketable intellectual property, and new value-added products.”

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