Venture Breakfast Bits, by 24/7 Market News

DENVER, Colo., October 23, 2019- (24/7MarketNews via COMTEX) Venture Market News for October 23, 2019.

Kraig Biocraft Laboratories Confirms Selection of Jon Rice as a New Inside Director for its Board of Directors

Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk-based fibers, announces today that it has selected Jon Rice, the Company’s COO, to join its Board of Directors, as the Company advances and strengthens its corporate governance.

Full press release

Cresco Labs and Origin House Announce Expiration of HSR Waiting Period

Cresco Labs Inc. (“Cresco Labs” or the “Company” – CSE: CL, OTCQX: CRLBF) and CannaRoyalty Corp. d/b/a Origin House (“Origin House” – CSE: OH, OTCQX: ORHOF) are pleased to announce today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Act”), has expired with respect to the proposed acquisition of Origin House by Cresco Labs (the “Transaction”). The expiration of the waiting period under the HSR Act satisfies one of the remaining conditions to completing the Transaction. With the waiting period passed, the parties are now working towards closing the Transaction on terms that will be mutually agreeable to both parties.

Full press release

Global 6500 Aircraft Shines in Las Vegas as it Makes Worldwide Debut at NBAA-BACE 2019

  • The Global 6500 aircraft showcased for the first time on static display at the National Business Aviation Convention & Exhibition (NBAA-BACE)
  • The Global 6500 aircraft recently received Transport Canada certification and entered into service on September 30
  • Global 5500 and Global 6500 jets offer exceptional passenger comfort and a stunning redesigned cabin with exclusive features that are as innovative as they are luxurious
  • Stellar lineup of Bombardier jets displayed at the convention, including the industry flagship Global 7500 business jet, the Challenger 350 and Challenger 650 aircraft as well as a full-size mock-up of the new Learjet 75 Liberty

MONTREAL, Oct. 22, 2019 (GLOBE NEWSWIRE) — Following the dramatic unveiling of the Global 5500 and Global 6500 aircraft in 2018 at the European Business Aviation Convention in Geneva, Bombardier debuted less than 18 months later, the all-new Global 6500 aircraft, the latest addition to the award-winning and record-breaking Global family, at NBAA-BACE in Las Vegas, Nevada. Joining the Global 6500 aircraft, is a stellar lineup of Bombardier aircraft on static display, including the industry flagship, Global 7500 aircraft.

Full press release

AkzoNobels Q3 results show continued progress, with adjusted operating income up 23%

October 23, 2019

AkzoNobels Q3 results show continued progress, with adjusted operating income up 23%

Akzo Nobel N.V. (AKZA; AKZOY) publishes results for third quarter 2019

  • Adjusted operating income1 up 23% at 300 million (2018: 243 million)
  • Return on Sales (ROS), excluding unallocated costs2, increased to 13.8% (2018: 12.3%)
  • Transformation on track and delivered 19 million cost savings
  • Adjusted Earnings per Share (EPS) from continuing operations up 62% at 0.97 (2018: 0.60)
  • New share buyback announced, 500 million to be completed in the first half of 2020

Full press release

MediPharm Labs Supports Industry Development With Loyalist College Alliance

  • Access to Applied Research Opportunities
  • Donation of $100,000 of Cannabis Derivatives Towards Studies
  • Hiring of Interns & Hosting Annual Cohort for Educational Lectures

BARRIE, Ontario, Oct. 23, 2019 (GLOBE NEWSWIRE) — MediPharm Labs Corp. (TSX: LABS) (OTCQX: MEDIF) (FSE: MLZ) (the “Company”) a global leader in specialized, research-driven cannabis extraction, distillation, purification and cannabinoid isolation, is pleased to announce its wholly-owned subsidiary, MediPharm Labs Inc. (“MediPharm Labs”), has entered into a four-year strategic alliance with Loyalist College of Applied Arts & Technology (“Loyalist”) for education, training, development and applied research projects in collaboration with its Cannabis Applied Science program, the first post-graduate certificate of its kind in Canada.

Full press release

Aleafia Health to Announce 2019 Third Quarter Financial Results

TORONTO, Oct. 23, 2019 (GLOBE NEWSWIRE) — Aleafia Health Inc. (TSX: ALEF, OTC: ALEAF) (“Aleafia Health” or the “Company”) will announce its 2019 Third Quarter Financial Results on November 12, 2019 prior to market open. The Company will also host its Third Quarter Results Call the same day at 8:30 a.m. EST. The call will be hosted by CEO Geoffrey Benic and CFO Benjamin Ferdinand.

Full press release

Grayscale Investments Releases Second Wave of National Advertising Campaign

New York, Oct. 23, 2019 (GLOBE NEWSWIRE) — Grayscale Investments®, the largest digital currency asset manager, today unveiled new creative as part of its ongoing #DropGold campaign. The campaign promotes Bitcoin and Grayscale’s flagship investment product, Grayscale® Bitcoin Trust (OTCQX: GBTC), as alternatives to investing in gold through compelling video ads and additional creative content.

Full press release

CV Sciences, Inc. to Announce Third Quarter 2019 Results on November 5, 2019

SAN DIEGO, Oct. 23, 2019 (GLOBE NEWSWIRE) — CV Sciences, Inc. (OTCQB:CVSI) (the “Company”, “CV Sciences”, “our”, “us” or “we”), a preeminent supplier and manufacturer of hemp cannabidiol (CBD) products, today announced that it will release financial results for its third quarter 2019 ended September 30, 2019, after the stock market closes on Tuesday, November 5, 2019. The Company will hold a conference call with the investment community at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) that same day.

Full press release

KinerjaPay Corp. (KPAY) Successfully Negotiated an Initial $25 Million Non-recourse Credit Facility With Its Local Bank

– Gabriel Capital Ltd. will provide a Major Bracket Bank guarantee underlying the KPAY Credit Facility

– Gabriel also subscribed to $200 million of KPAY Preferred Stock, convertible at $1.80 per share

JAKARTA, Indonesia, Oct. 23, 2019 /PRNewswire/ — KinerjaPay Corp., (OTCQB: KPAY), has successfully concluded negotiations with its local bank, China Construction Bank Indonesia (CCBI), which will provide the Company with a $25 million, non-recourse credit facility.  This credit facility will be accessed by the Company utilizing the Gabriel Capital Ltd. (“Gabriel”) HSBC bank guarantee, the draft of which has already been approved by the Bank’s Credit Committee.  Gabriel is a privately-owned, Indonesian family controlled entity, based in Singapore. The final HSBC bank guarantee for $25 million is expected to be received in KinerjaPay’s account with CCBI within the week.  Upon delivery of the collateral, KinerjaPay will draw down the guaranteed net proceeds of $22.5 million in three monthly tranches of $7.5 million commencing within 48 hours of receipt of the final bank guarantee. Upon each draw, KPAY will issue Gabriel a proportionate number of shares of Series F and G Preferred Stock under Gabriel’s executed Reg S Subscription Agreements, based upon the net subscription proceeds. Gabriel intends to continue delivering such guarantees until the full $200 million is received under these Subscription Agreements.

Full press release

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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 owns KBLB shares that it will sell. 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.

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Forward-Looking Statements

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

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