DENVER, Colo., September 26, 2019- (24/7MarketNews via COMTEX) Venture Market News for September 26, 2019.
Auxly Closes C$123 Million Investment and R&D Partnership with Imperial Brands and Strengthens its Board
VANCOUVER, British Columbia, Sept. 25, 2019 (GLOBE NEWSWIRE) — Auxly Cannabis Group Inc. (TSX.V: XLY) (OTCQX: CBWTF) (“Auxly” or the “Company”) today announced that its transaction (the “Transaction”) with Imperial Brands PLC (“Imperial Brands”) has closed. As announced on July 25, 2019, Imperial Brands invested C$123 million by way of a debenture pursuant to the Transaction, which is convertible into 19.9% ownership of Auxly. Imperial Brands grants Auxly global licenses to its vaping technology, access to its vapor innovation business, Nerudia, and will use Auxly as its exclusive partner for the future development, manufacture, commercialization, sale and distribution of cannabis products of any kind anywhere in the world.
Altoona First Savings Bank Selects CSI’s Managed Services to Enhance Risk Management, Bring Efficiencies to IT Department
Altoona (Pa.) First Savings Bank ($223 million in assets) selected Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions, as its new managed services provider. The bank will rely on CSI to provide a robust suite of managed IT services to increase its operational efficiencies and strengthen its regulatory compliance initiatives related to cybersecurity and IT risk management.
TILT Holdings Comments on Ongoing Vaping Issues and Temporary Vape Ban in Massachusetts
TILT Holdings Inc. (“TILT” or the “Company”) (CSE: TILT) (OTCQB: TLLTF), a foundational technology cannabis platform comprised of assets to support brands worldwide, released the following statement today from the Company’s interim CEO Mark Scatterday, regarding recent media coverage of vaping issues and a temporary vape ban in Massachusetts.
Halo Labs Highlights DabTabsTM Technology 3rd Party Certifications and Testing Given Current Vape Climate
Halo Labs Inc. (“Halo” or the “Company”) (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) today provides a statement regarding DabTabsTM technology, certifications, and 3rd party testing reinforcing that DabTabsTM are fundamentally different to current vaporization technologies.
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