Venture Market News for September 24, 2018
- Cannabics Pharmaceuticals Inc. Prices $7,500,000 Registered Direct Offering
TEL AVIV, Israel and BETHESDA, Maryland, Sept. 24, 2018 /PRNewswire/ — CANNABICS PHARMACEUTICALS INC. (OTCQB: CNBX) (“Cannabics” or the “Company”), a leader in personalized cannabinoid medicine focused on cancer and its side effects, today announced it has entered into definitive agreements with investors for the purchase and sale of (i) 10,000,000 shares of common stock, par value $0.0001 per share, and (ii) warrants to purchase up to 5,000,000 shares of common stock at a combined offering price of $0.75 per share and warrant, pursuant to a registered direct offering. The warrants will have an exercise price of $1.00 per share, will be immediately exercisable and will expire five years from the date of issuance. The gross proceeds of the offering will be approximately $7,500,000 before deducting placement agent fees and other estimated offering expenses. The Company intends to use the net proceeds for working capital and other general corporate purposes. The closing of the registered direct offering is expected to take place on or about Sept. 26, 2018, subject to the satisfaction of customary closing conditions.
- Shareholder Update: Creative Medical Technology Holdings, Inc.
PHOENIX, Sept. 24, 2018 /PRNewswire/ — (OTCQB-CELZ) Creative Medical Technology Holdings, Inc. announced today an update of its progress:
Debt: We have entered into an agreement with three institutional investors in order to wrap up existing debt and provide working capital. These parties intend to provide support to the company through its commercialization of the CaverStemTM program and for future programs being developed. An 8k is being prepared and will be filed in the coming days specifying the terms. The agreement comes with better terms than were previously available and is expected to provide the necessary funding until which time as the company is generating sufficient cash flow to support operating activities.
- Q Biomed Inc. Announces Entry Into Definitive Funding Agreement for $4,000,000
Financing Provides Necessary Capital to Reach Important Milestones
NEW YORK, September 24, 2018 /PRNewswire/ –Q BioMed Inc. (OTCQB: QBIO), is pleased to announce that it has entered into a definitive agreement with Yorkville Advisors Global (‘Yorkville’) for $4,000,000.
Q BioMed has closed on the initial tranche of $2,000,000 and expects to close on the balance pending the filing of a registration statement with the U.S. Securities and Exchange Commission for the underlying shares.
- Terra Tech Corp. Granted Phase I Cultivation, Manufacturing and Distribution Permits for its Three Santa Ana, CA Locations
Company to commence build-out of cultivation and extraction facilities, which is expected to drive growth in its ‘IVXX’ wholesale business and support full vertical-integration at its Southern California operations
IRVINE, Calif., Sept. 24, 2018 (GLOBE NEWSWIRE) — Terra Tech Corp. (OTCQX: TRTC), (“Terra Tech” or the “Company”) a vertically integrated cannabis-focused agriculture company, is pleased to announce that the City of Santa Ana has granted its East Dyer Road, East Carnegie Avenue and South Tech Center Drive locations vertically-integrated Phase I permits. These permits allow the Company to commence development of cultivation, manufacturing and distribution capabilities at these locations. Moreover, upon completion of the build-out of each location’s facilities, they also confer upon the Company the right to apply for Phase II permits which are needed to commence commercial activities.
- The March of Artificial Intelligence and Robotics; Rapid Progress and Big Spending Shaping an Economy of the Future
NEW YORK, Sept. 24, 2018 (GLOBE NEWSWIRE) — Investorideas.com, a leader in investor news and research in leading sectors releases a sector snapshot on the AI and Robotics market with commentary and recent news from industry experts including the CTO of Gopher Protocol Inc. (OTCQB: GOPH) discussing the company’s recent white paper on the Avant! AI system and also commenting on the recent DARPA news.
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