Venture Market News for January 23, 2019
- BioCorRx Announces Reverse Stock Split in Preparation for Proposed Uplisting to NASDAQ Capital Market
ANAHEIM, CA, Jan. 23, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — BioCorRx Inc. (OTCQB: BICX; BICXD) (the “Company”), a developer and provider of advanced solutions in the treatment of substance use disorders, announced today a reverse stock split of its shares of common stock at a ratio of 1-for-100. The reverse split took effect at the open of business Tuesday, January 22, 2019. The common shares of BioCorRx, which previously traded under the ticker symbol “BICX,” began trading on a post-split basis under the symbol “BICXD,” which will continue for a period of 20 business days after which time the “D” will be removed, and the symbol will revert back to “BICX.” The Company’s common stock will also be identified under a new CUSIP number (09073C205).
- Generex Announces REVISED Record Date for NuGenerex Immuno-Oncology Stock Dividend
MIRAMAR, FL , Jan. 23, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Generex Biotechnology Corporation (www.generex.com) (OTCQB:GNBT) (http://www.otcmarkets.com/stock/GNBT/quote) today announced that it has REVISED the record date for the previously announced dividend to Generex shareholders of shares in our wholly-owned subsidiary NuGenerex Immuno-Oncology (formerly Antigen Express).
- MainStreet Bancshares, Inc. Reports Good Earnings Trend
FAIRFAX, Va., Jan. 23, 2019 /PRNewswire/ — MainStreet Bancshares, Inc. (OTCQX: MNSB) (the “Company”) reported a strong quarter-on-quarter earnings trend. Fully adjusted earnings per share for both common and diluted shares was $0.45 for the fourth quarter of 2018, compared to $0.14 for both common and diluted shares for the same period in 2017. For the three months ended December 31, 2018 the Company produced a 1.36% return on average assets and 12.15% on average equity, compared to 0.41% and 4.76% consecutively for the fourth quarter of 2017.
- Sugarmade to Acquire Hydroponic Retailer Hydro4Less Flagship Location Adding to Streak of Planned Acquisitions
MONROVIA, California, January 23, 2019 /PRNewswire/ –Sugarmade, Inc. (OTCQB: SGMD), a major supplier to the growing hydroponic cultivation sector, today announces its intent to acquire a retail location of Washington State-based Hydro4Less. The operation is expected to produce approximately $5 million in revenues and to be profitable during calendar 2019. Additionally, via the pending transaction, Sugarmade will gain an option to purchase two additional Hydro4Less retail operations, which are currently producing in excess of $20 million annually. Should all three acquisitions close, Sugarmade will increase its annual revenues by approximately $25 million per year.
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