DENVER, Colo., May 17, 2019- (24/7MarketNews via COMTEX) Venture Market News for May 17, 2019.
Origin House Announces Record Preliminary Unaudited Revenues of $11 Million for the First Quarter of 2019 and $6.5 Million for April 2019
– Q1 preliminary revenue represents sequential growth of approximately 39% compared to Q4-2018 –
– The Company’s wholly-owned distribution division, Continuum, generated preliminary revenue of approximately $4.8 million1 in April 2019, representing its highest monthly revenue to date –
– As previously announced, the Company will hold a special meeting of shareholders on June 11, 2019 in respect of the previously announced statutory plan of arrangement with Cresco Labs Inc. –
OTTAWA, May 17, 2019 /CNW/ – CannaRoyalty Corp. d/b/a Origin House (CSE: OH) (OTCQX: ORHOF) (“Origin House” or the “Company”), a North American cannabis products and brands company today announced preliminary unaudited revenue of approximately $11 million1 for the first quarter ended March 31, 2019, at an approximate gross margin of 15%1. In addition, the Company generated preliminary unaudited revenue for the month of April of approximately $6.5 million1 and the Company expects gross margin to continue to trend upwards from Q1 to Q2 . The Company’s wholly-owned distribution division, Continuum generated preliminary revenue of approximately $4.8 million1 during April, representing its highest monthly revenue to date. All figures are reported in Canadian dollars, unless otherwise indicated.
Gopher Protocol Files for International Patent Protection
San Diego, CA, May 17, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Gopher Protocol Inc. (OTCQB: GOPH) (“Gopher”, or “the Company”), a company specializing in the development of Internet of Things (IoT) and Artificial Intelligence (AI) enabled networking and tracking technologies, including its GopherInsight™ global mesh network technology platform for both mobile and fixed solutions, announced today that it has filed this week for international patent protection (PCT) for its database sharing and management patent.
Green Growth Brands Completes C$61.2 Million Financing Led By Strategic Investors
The group has agreed to a conversion price equivalent to C$7.00 per common share, indicating confidence in the value of GGB
COLUMBUS, OH, May 17, 2019 /CNW/ – Green Growth Brands, Inc. (CSE: GGB) (OTCQB: GGBXF) (“GGB” or the “Company”) is pleased to announce that it has raised gross proceeds of US$45.5 million (C$61,233,100) pursuant to a private placement of convertible debt, (the “Debenture Financing”) in the form of 15% secured convertible debentures (the “Debentures”) at a price of US$1,000 per Debenture and with a conversion price equivalent to C$7.00 per common share. The net proceeds of the Debenture Financing will be used for general corporate and working capital purposes.
Connect with 24/7 Market News on social media:
About 24/7 Market News
As a pioneer in digital financial market media, 24/7 Market News (24/7MN) is dedicated to the swift distribution of financial market news and information. 24/7 MN provides comprehensive corporate communications resources and tools to engage the investment community.
24/7 Market News (24/7MN) is a third party publisher and news dissemination service provider that produces regular sponsored and non-sponsored reports, articles, stock market blogs, and newsletters covering equities listed on the NYSE, NASDAQ and micro-cap exchanges. 24/7MN holds no investment licenses and is NOT a financial advisory firm, investment adviser, analyst, or broker-dealer and does not undertake any activities that would require such registration. 24/7MN’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.
The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and based on publicly available information which is believed to be reliable. 24/7MN makes no representations as to the completeness, accuracy, or timeliness of the material provided and all materials are subject to change without notice. 24/7MN and/or its affiliates are not responsible for any gains or losses that result from the opinions expressed and are not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.
For further information on 24/7 Market News, please go to www.247marketnews.com
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan,” or “planned,” “will,” or “should,” “expected,” “anticipates,” “draft,” “eventually,” or “projected.” You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and 24/7MN undertakes no obligation to update such statements
24/7 Market News