Venture Market News for August 29, 2018
- GT Biopharma’s Chairman and Chief Executive Officer Provides Insight Into the Impact of the Recent Affimed/Roche-Genetech Collaboration
LOS ANGELES, August 29, 2018 /PRNewswire/ — GT Biopharma Inc. (OTC: GTBP) (Euronext Paris: GTBP.PA) is an immuno-oncology biotechnology company focused on innovative treatments based on the company’s proprietary NK-engager and Bispecific Antibody Drug Conjugate platforms.
- MGX Minerals and Engineering Partner PurLucid Achieve 99.7% Lithium Recovery; Low Cost Polymeric Membrane Breakthrough
VANCOUVER, BC / ACCESSWIRE / August 29, 2018 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) and engineering partner PurLucid Treatment Solutions (“PurLucid”) are pleased to report that continued research and development utilizing newly developed molecular sieve technology has consistently achieved >99% lithium recovery from complex global source brines. Continued development of polymeric membranes has also reduced the cost of the lithium and mineral extraction components of the systems by 90% when compared to originally formulated stainless steel or titanium membrane platforms required for these caustic brines.
- VirtualArmour Reports Q2 2018 Results; Managed and Professional Services Revenue up 78%
CENTENNIAL, Colo., Aug. 29, 2018 (GLOBE NEWSWIRE) — VirtualArmour International Inc. (CSE:VAI) (3V3:F) (OTCQB:VTLR), a premier cybersecurity managed services provider, reported results for the second quarter ended June 30, 2018. Financial results are in U.S. dollars, with comparisons made to the same year-ago quarter unless otherwise noted.
- Cannabis Strategic Ventures Cancels 75.6 Million Shares, Including 20 Million Shares From CEO
LOS ANGELES, Aug. 29, 2018 (GLOBE NEWSWIRE) — via NetworkWire — Cannabis Strategic Ventures, Inc. (OTC: NUGS) announces a major common share restructuring. A total of 75.6 million shares cancelled, including 20 million from Chief Executive Officer, Simon Yu.
- GrowLife, Inc. Adds Los Angeles Retail and West Coast Fulfillment Center to Expanding North American Footprint
KIRKLAND, Wash., Aug. 29, 2018 (GLOBE NEWSWIRE) — GrowLife, Inc. (OTCQB: PHOT), one of the nation’s most recognized indoor cultivation product and service providers, today announced that it has added a new hydroponics retail outlet in Los Angeles, California that will act as the company’s West Coast e-logistics fulfillment center. The market for cannabis in California will hit $3.7 billion in 2018 alone, and that’s expected to increase to over $5 billion by 2019, according to industry research firm BDS Analytics. As the second largest city in the United States, Los Angeles is well positioned to serve as a cannabis hub for the rapidly emerging cannabis market in California and the greater West coast.
- Namaste Announces Supply Agreement with Kief Cannabis
VANCOUVER, Aug, 29, 2018 /CNW/ – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) is pleased to announce that the Company has signed a wholesale supply agreement (the “Supply Agreement”) with Manitoba-based, late-stage ACMPR applicant, Kief Cannabis Company Ltd. (“Kief Cannabis” or “kiefcannabis.ca”). Under the terms of the Supply Agreement, Namaste will purchase bulk cannabis products under the Company’s wholly-owned subsidiary, Cannmart Inc. (“Cannmart”) to offer in its online platform.
- YOLO County Cannabis Greenhouse Installation Advances, Marks Largest Sale This Year for Smart Cannabis Corp.
SACRAMENTO, Calif., Aug. 29, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE — Smart Cannabis Corp. (OTC: SCNA) announced significant development in fulfilling the contract with CompassLeaf LLC at their Yolo County, CA cannabis cultivation site. On track to be completed in September, the company reports this sale to be in excess of $600,000, a deposit has been received.
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