Venture Market News for August 3, 2018
- CellCube Announces $2,000,000 Financing
CellCube Energy Storage Systems Inc. (“CellCube” or the “Company“) (CSE: CUBE) (OTCQB: CECBF) (Frankfurt: 01X) is pleased to announce its intention to complete a non-brokered private placement (the “Offering“) of up to 10 million units of the Company at a price of $0.20 per unit for gross proceeds of approximately $2 million. The Company has already received sufficient interest from individuals to complete the $2 million financing.
- Highlands Bankshares, Inc. Reports Second Quarter 2018 Results
Strong Improvement in Net Income, Return on Assets, Net Interest Margin, Loans Held for Investment, Noninterest Bearing Deposits, Efficiency Ratio, and Leverage Ratio
ABINGDON, Va., Aug. 3, 2018 /PRNewswire/ — Highlands Bankshares, Inc. (HLND) today reported net income of $923,000 or $0.09 per diluted share, for the quarter ended June 30, 2018, compared with $610,000 or $0.06 per share, for the quarter ended March 31, 2018 and $637,000 or $0.06 per diluted share, for the quarter ended June 30, 2017. The annualized return on average assets and return on average equity for the period were 0.63 percent and 6.89 percent, respectively.
- Lexaria’s DehydraTECH Triples Bioavailability of CBD in Human Trial — CFN Media
SEATTLE, Aug. 03, 2018 (GLOBE NEWSWIRE) — CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, today announced publication of an article covering Lexaria Bioscience Corp. (CSE:LXX) (LXX.CN) (CNSX:LXX) (OTCQX:LXRP). The company has spent the past several years focused on improving the bioavailability of cannabinoids, including CBD. Its DehydraTECH™ drug delivery platform has demonstrated significant improvements in bioavailability over conventional delivery methods — and its latest human clinical study confirmed these findings. Lexaria is now one of a very few select biotech companies to have completed a successful human clinical trial with cannabinoids.
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