DENVER, Colo., November 4, 2019- (24/7MarketNews via COMTEX) Saudi Aramco (ARMCO) confirmed that it plans on moving forward with its Riyadh stock exchange, in what may be the world’s largest initial public offering (IPO).
So far, very few particulars have been announced, so, at this point, it’s mostly speculation about what the state-owned oil giant’s IPO will look like, but the astronomically profitable company, which posted $46.9 net profits for the first half of this year, is thought to be valued at about $1.5 trillion.
On the other end of the earnings spectrum lies Uber (NYSE:UBER), which reports earnings after the market closes today.
After the quarter’s eye-popping $5.24 billion quarterly loss brought the fiscal year’s total losses to over $6 billion, it’s thought that a loss of less than a billion will be a psychological victory.
Of course these macro developments will shape the venture markets and today’s venture market headlines include:
Kraig Biocraft Laboratories Completes Rearing of First Production Batch of Recombinant Spider Silk Silkworm in Vietnam Factory
ANN ARBOR, Mich., – November 4, 2019 –Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers, announced today that its operations team at its Vietnamese subsidiary, Prodigy Textiles, has completed rearing the Company’s first batch of production silkworms. The Company’s specialized spider silk silkworms were hatched over a 7 day period starting on October 8th, while Jon Rice, the Company’s COO, was in Vietnam. The silkworms began spinning cocoons on October 27th and finished on November 2nd.
Terra Tech Corp. and OneQor Pharmaceutical Agree to Merger
- Immediately Positions Terra Tech as a Leader in CBD as well as other Cannabinoid Research and Product Development.
- Multiple Ongoing Case Studies Covering Pain, Anxiety, Sleep, and More.
- OneQor Pharmaceutical Comes with Existing Patent Portfolio and Patent Pipeline.
- Audio Interview Scheduled for Today at 4:05 p.m. ET
PHOENIX, AZ and IRVINE, CA / ACCESSWIRE / November 4, 2019 / Terra Tech Corp (OTCQX:TRTC), a vertically integrated, cannabis-focused agriculture company, and OneQor Pharmaceutical (OneQor), a privately held over-the-counter (OTC) pharmaceutical company focused on developing, patenting, and delivering proprietary, plant-derived formulations in order to provide consumers with safer, more effective OTC solutions, today announced that the two companies have entered into an Agreement and Plan of Merger (the “Agreement”) pursuant to which OneQor will merge with a wholly owned subsidiary of Terra Tech in an all-stock transaction. The combined company will focus principally on emerging pharmaceutical development opportunities for OneQor, while the operation of Terra Tech’s portfolio of THC and agricultural related assets is expected to continue in the short-term. However, the combined company desires to list on a national securities exchange and, as further described below, intends to weigh several strategic options for the legacy Terra Tech business segments that may include a spin-off, special dividend, merger or potential sale among other accretive transactions.
Fresenius Helios acquires medical diagnostics provider in Colombia
November 4, 2019– OTC Disclosure & News Service- Bad Homburg, Germany —
This release includes additional documents. Select the link(s) below to view.
MediPharm Labs Appoints New Chief Financial Officer
BARRIE, Ontario, Nov. 04, 2019 (GLOBE NEWSWIRE) — MediPharm Labs Corp. (TSX: LABS) (OTCQX: MEDIF) (FSE: MLZ) (“MediPharm Labs” or the “Company”) a global leader in specialized, research-driven cannabis extraction, distillation and purification, is pleased to announce Robert (Bobby) Kwon will join MediPharm Labs as Chief Financial Officer (CFO), effective November 18, 2019. Christopher Hobbs, the Company’s current CFO will continue to serve on the Board of MediPharm Labs.
Flower One Commences Negotiations to Acquire Strategic Property in California and Provides Nevada Sales Update
Sales from Company’s Nevada Operations Tracking Strong with a Compound Weekly Growth Rate of 15%; Positive Cash Flow Forecasted During the First Half of 2020
LAS VEGAS, Nov. 4, 2019 /PRNewswire/ – Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) – Nevada’s largest cultivator, producer, and full-service brand fulfillment partner, announced today that sales from its current operations are tracking strong with a compound weekly growth rate of 15% since the first official sale out its flagship greenhouse facility on August 5, 2019. The Company is projecting to reach positive cash flow during the first half of 2020.
Netlist Reports Third Quarter 2019 Results
IRVINE, Calif., Nov. 4, 2019 /PRNewswire/ — Netlist, Inc. (OCTQX: NLST) today reported financial results for the third quarter ended September 28, 2019.
CSI’s Managed Services Endorsed by Texas Bankers Association for the Ninth Consecutive Year
The Texas Bankers Association (TBA) and its subsidiary, Texas Bankers Association Services Company, Inc. (TBASCO), has renewed its endorsement of managed services from Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions.
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