Venture Market News for September 10, 2018
- Optex Systems Announces over $7 Million in New Contracts
RICHARDSON, Texas, Sept. 10, 2018 (GLOBE NEWSWIRE) — Optex Systems, Inc., a wholly owned subsidiary of Optex Systems Holdings, Inc. (OTCQB:OPXS), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, announced today it has been awarded over $7 Million in new contracts to date during the fourth fiscal quarter of 2018. The majority of these contracts are for Laser Protected Periscopes but also contain Non-Laser Protected Periscopes and various Sighting Systems. These awards are consistent with previous contracts entered into by Optex Systems.
- MGX Minerals Engages SRK Consulting for Chilean Exploration; Drill Permits Issued for Salinitas Lithium Project, Argentina
VANCOUVER, BRITISH COLUMBIA / ACCESSWIRE / September 10, 2018 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) is pleased to provide an update on its South American lithium assets:
- Namaste Announces the Pre-Launch of CannMart.com in Anticipation of Receiving Canada’s First Medical Cannabis Sales-Only License
VANCOUVER, Sept, 10, 2018 /PRNewswire/ – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) is pleased to announce that the Company has pre-launched its revolutionary medical cannabis online marketplace through its wholly-owned subsidiary, CannMart Inc. (“CannMart” or “CannMart.com”). CannMart is poised to be Canada’s first medical cannabis “sales-only” license under Health Canada’s Access to Cannabis for Medical Purposes (“ACMPR”) program. The Company has pre-launched CannMart’s website, CannMart.com, which will allow the Company to commence sales immediately after receiving its license. Receipt of its sales license, coupled with the official launch of CannMart.com, will represent the most significant achievement in the Company’s history and will be the catalyst for Namaste introducing legal cannabis sales into its global e-commerce platform.
- Tapinator Repurchases and Cancels All of Its Preferred Shares
Company eliminates 11,283,333 potentially convertible common shares, representing approximately 12% of Company’s current common shares outstanding
NEW YORK, Sept. 10, 2018 /PRNewswire/ — Tapinator, Inc. (OTCQB: TAPM), a developer and publisher of mobile games and applications on the iOS, Google Play and Amazon platforms, today announced the repurchase of 1,354 shares of the Company’s Series B Convertible Preferred Stock for a per share purchase price of $270.83, or an aggregate purchase price of $366,708.32. The repurchased shares represent all of the outstanding shares of the Series B Convertible Preferred Stock and, following the transaction, the Company will have no Preferred Stock outstanding in any class. Pursuant to the terms of the Series B Convertible Preferred Stock, the repurchased shares were convertible into 11,283,333 shares of the Company’s common stock. The repurchase purchase price represents a per share common stock purchase price of $0.0325, if conversion had occurred.
- Solis Tek Launches perfectpH, a Natural ION pH Balancer
Expands Product Offering of Zelda Horticulture
CARSON, CA , Sept. 10, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – Solis Tek Inc. (OTCQB: SLTK) (“Solis Tek”), a vertically integrated cannabis technology innovator, manufacturer and distributor, entered into an exclusive agreement with Torus Hydro, a California corporation, to distribute its proprietary pH balancing system under Solis Tek’s Zelda Horticulture brand. For additional information, please visit: https://solis-tek.com/zelda-horticulture/perfectph.html
- Aurora Cannabis to Acquire South American Market Leader ICC Labs
EDMONTON, Alberta and VANCOUVER, British Columbia, Sept. 10, 2018 (GLOBE NEWSWIRE) — Aurora Cannabis Inc. (Aurora or the Company) (TSX: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) and ICC Labs Inc. (TSX-V: ICC) (ICC) announced today that the companies have entered into a definitive arrangement agreement pursuant to which Aurora intends to acquire all of the issued and outstanding common shares of ICC (the ICC Shares) for $1.95 per share (payable in common shares of Aurora (the Aurora Shares) (the Share Consideration), reflecting an aggregate purchase price of approximately $290 million (the Transaction). The Transaction has been unanimously approved by the Board of Directors of each ICC and Aurora.
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