Venture Market News for August 28, 2018
- Generation NEXT Franchise Brands, Inc. Announces Robot Installations Across 32 North American Cities
Company Updates its Goal to 750 Installations by the End of the Calendar Year Resulting in Approximately $30,000,000 in Revenue Recognition for the First Half of Fiscal 2019.
SAN DIEGO, CA , Aug. 28, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – Generation NEXT Franchise Brands, Inc. (OCTQB: VEND) announced today that the company is ramping production and delivery of its proprietary Reis & Irvy’s robotic frozen dessert vending kiosks after a brief delay that forced the company to redesign two key components.
- CV Sciences, Inc. Responds to Class Action Lawsuit
LAS VEGAS, Aug. 28, 2018 (GLOBE NEWSWIRE) — CV Sciences, Inc. (OTCQB:CVSI) (the “Company”, “CV Sciences”, “our”, “us” or “we”) has been informed of a class action lawsuit filed against the Company that alleges violations of federal securities laws. The Company disputes the allegations in the complaint and will vigorously defend this lawsuit.
- Sugarmade in Acquisition Discussions – Files Disclosure Statement Concerning Upcoming Special Shareholder Meeting
MONROVIA, Calif., Aug. 28, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE — Sugarmade, Inc. (SGMD), one of the largest publicly traded hydroponics supply companies, today announces the filing of a disclosure statement with the Securities & Exchange Commission concerning possible acquisitions by the Company. Sugarmade has begun formal acquisition negotiations with two companies that provide online and retail hydroponic and other agricultural cultivation supplies.
- Maricann Enters into Non-Binding Term Sheet for Strategic Joint Venture in Italy
TORONTO, Aug. 28, 2018 (GLOBE NEWSWIRE) — Maricann Group Inc. (CSE:MARI)(FRANKFURT: 75M)(OTCQB:MRRCF) (“Maricann” or the “Company) is pleased to announce that it has entered into a non-binding term sheet to form a strategic joint venture with San Martino S.S. (“San Martino”), a large scale agricultural company in the Piedmont Region of Italy, founded by Milan businessman Umberto Signorini. Pursuant to the proposed joint venture Maricann and San Martino will develop a centre of excellence for cannabis products, in conjunction with the University of Eastern Piedmont, initially producing high CBD content for the medical market, and then ultimately THC product for the European market. The formation of the joint venture remains subject to due diligence and the negotiation and execution of definitive documentation.
- Future Farm Announces Record Dates for NexTech Spin-Out
Vancouver, British Columbia, Aug. 28, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Future Farm Technologies Inc. (the “Company” or “Future Farm”) (CSE: FFT) (OTCQX: FFRMF) is pleased to announce that the Company has set August 31, 2018 as the effective date for its previously announced plan of arrangement pursuant to which the Company will spin-out its 11,000,000 common shares of NexTech AR Solutions Corp. (“NexTech”) to Future Farm shareholders on a pro rata basis. As a result, the Company has set August 30, 2018 as the share distribution record date and only shareholders of record as at the share distribution record date will be entitled to receive common shares of NexTech in the spin-out.
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