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2018-09-18T09:33:27+00:00 Sep. 18, 2018 9:31AM EST|

Venture Market News for September 18, 2018

  • Kraig Biocraft Laboratories Accelerates Development of New Recombinant Spider Silk Fibers

Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers announces today that it has implemented two major advancements in the development of next generation recombinant spider silk fibers.

Full press release

  • KushCo Holdings, Inc. Reports Preliminary Fiscal Year 2018 Revenue of Approximately $51M

Strong fourth quarter sales growth sees KushCo Holdings expect to become first U.S. based publicly-traded company in the cannabis industry to generate over $51 million in revenue annually

GARDEN GROVE, Calif., Sept. 18, 2018 (GLOBE NEWSWIRE) -- KushCo Holdings, Inc. (OTCQB: KSHB) (“KushCo” or the “Company”), the parent company of innovative cannabis industry leaders such as Kush Bottles, Kush Energy, The Hybrid Creative, and Koleto Packaging Solutions, which provide a range of services and products for the regulated cannabis, CBD and other related industries, announced today that the Company is expecting to report over $51 million in annual revenue for the fiscal year ended August 31st, 2018, representing an increase of approximately 171% compared with the fiscal year ended August 31st, 2017.

Full press release

  • CannaRoyalty Announces Acceleration of Warrant Expiry Date

Gross proceeds to the Company will total $5,931,675, if all warrants are exercised

OTTAWA, Sept. 18, 2018 /CNW/ - CannaRoyalty Corp. (CSE: CRZ) (OTCQX: CNNRF) ("CannaRoyalty" or the "Company"), an active investor and operator in the legal cannabis industry, announced today that it is accelerating the expiry date of all outstanding common share purchase warrants (the "Warrants") of the Company issued pursuant to the warrant indenture dated February 15, 2017 between the Company and TSX Trust Company (the "Warrant Indenture"). The proceeds from the exercise of the Warrants will be primarily used by the Company to expand its footprint across California, as well as general corporate and working capital purposes.

Full press release

  • Progressive Care Inc. Announces Record Number of Prescriptions Filled and Strong Revenues During August 2018

MIAMI, Sept. 18, 2018 (GLOBE NEWSWIRE) -- Progressive Care Inc. (OTCQB: RXMD), a personalized healthcare services and technology company, today announced further growth year-over-year in both revenue and number of prescriptions filled for August 2018. In August, the company reported a total of $1.93 million in net revenue, a 3% increase from the same month last year, and a 44% increase in prescriptions filled during the same month last year, totaling just over 29,000 filled prescriptions.

Full press release

  • Western Uranium Provides Market Update

TORONTO and NUCLA, Colo., Sept. 18, 2018 (GLOBE NEWSWIRE) -- Western Uranium Corporation (CSE: WUC) (OTCQX: WSTRF) (“Western” or the ”Company”) is pleased to provide the following updates. Western has continued to benefit from the positive momentum in the prices of both uranium and vanadium as its resource values have accreted strongly during 2018. 

Full press release

  • NUGL Signs National Joint Venture Marketing Deal

LOS ANGELES, Sept. 18, 2018 (GLOBE NEWSWIRE) -- via NetworkWire – NUGL Inc. (OTC: NUGL) (the “Company”), the cannabis industry's new standard of technology, today announces its joint venture marketing agreement with Nichols Publishing Company, the publishers of Garden & Greenhouse and Professional Marijuana Grower magazines that will expand the reach of NUGL’s user-friendly cannabis and indoor gardening search app as it becomes the industry’s go-to-app for unbiased client reviews, retail shop and dispensary listings, locations of favorite cannabis brands and in-depth company profiles.

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 can sell at any time. 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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