Venture Market News for October 4, 2018
- CSI Reports Growth in Revenues and Net Income for Second Quarter
Computer Services, Inc. (CSI) (OTCQX: CSVI) today reported growth in revenues and net income for the six months and second quarter ended August 31, 2018.
- Drone USA’s Subsidiary Howco Distributing Co. Generated $1.4 Million Revenue to the Defense Logistics Agency, US Navy, Army and Coast Guard Over the Past 10 Days
PINE BROOK, NJ / ACCESSWIRE / October 4, 2018 / Drone USA, Inc. (OTCQB: DRUS) (“Drone USA” or the “Company”), a service provider and reseller of drones and distributor of products to the U.S. Government, today announced that its subsidiary, Howco Distributing (“Howco”), in the last 10 days, shipped products totaling $1.4 million in revenue to the Defense Logistics Agency, the U.S. Navy, Army and Coast Guard. Most of the shipments went to the Defense Logistics Agency and the Army. Many of the products for the Army were earmarked for our allies across the globe.
- MedMen Increases Term Loan Facility to C$100 Million
MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQB: MMNFF) (FSE: A2JM6N) announced today that it has closed an additional tranche of its previously announced senior secured term loan (the “Facility”) with funds managed by Hankey Capital and an affiliate of Stable Road Capital (the “Lenders”). Pursuant to the terms of the Facility, the principal amount of the loan has been increased by C$5,661,920 to C$99,952,190. The principal amount under the Facility will accrue interest at a rate of 7.5 percent per annum, paid monthly, with a maturity date of 24 months following the date of closing. The proceeds from the Facility will be used for acquisitions, capital expenditures and other corporate expenses.
- Propanc Biopharma Initiates European Validation of its Lead Patent
MELBOURNE, Australia, Oct. 4, 2018 /PRNewswire/ — Propanc Biopharma, Inc. (OTCQB: PPCB) (“Propanc Biopharma” or the “Company”), a clinical stage biopharmaceutical company focusing on development of new and proprietary treatments for cancer patients suffering from solid tumors such as pancreatic, ovarian and colorectal cancers, today announced initiation of European (EP) validation of its lead patent in most major commercial markets in Europe. EP validation is the process of converting a single granted European patent application into a national patent in one or more contracting member and extension states of the European Patent Convention.
- AmeriCann To Operate Large-Scale Cannabis Product Manufacturing Facility in Massachusetts
Company to Produce Branded Cannabis Beverages, Vaporizer Products, Edible and Non-Edible Products and Concentrates
DENVER, CO / ACCESSWIRE / October 4, 2018 / AmeriCann, Inc. (OTCQB: ACAN), an agricultural-technology company that is developing the next generation of eco-friendly start-of-the-art greenhouse cannabis cultivation and processing properties, has announced plans to own and operate a large-scale cannabis manufacturing and processing facility at its 52-acre Massachusetts Medical Cannabis Center (MMCC) in Freetown, MA.
- Bombardier receives order as Siemens’ partner and supplier in the expansion of Deutsche Bahn’s ICE 4 fleet
Bombardier’s supply share is around one third of Deutsche Bahn’s order of 18 7-car trains and 50 rail cars
BERLIN, Oct. 04, 2018 (GLOBE NEWSWIRE) —
Global mobility solution provider Bombardier Transportation will continue to make an important contribution to the expansion of Deutsche Bahn’s ICE 4 fleet as a Siemens’ partner and supplier. At the end of September, Bombardier signed a contract with Siemens for further cooperation as a supplier for Deutsche Bahn’s new order for 18 7-car ICE 4 trains and 50 powered cars. The contract is valued at approximately 198 million euro ($229 million US). Bombardier’s scope represents around one third of the overall project.
- Empower Clinics Announces US Distribution Agreement with Integrated Cannabis Company
Empower Clinics Inc. (OTC: EPWCF; CSE: EPW; FRA: 8EC), a leading owner and operator of medical cannabis and wellness clinics in the US, today announced a national distribution agreement with Integrated Cannabis Company, Inc. (CSE: ICAN) (OTCQB: ICNAF).
- Western Uranium Corporation Announces Completion of Name Change to Western Uranium & Vanadium Corp
TORONTO and NUCLA, Colo., Oct. 04, 2018 (GLOBE NEWSWIRE) — Western Uranium Corporation (CSE: WUC) (OTCQX: WSTRF) (“Western” or the “Company”) is pleased to announce that it has completed its name change to Western Uranium & Vanadium Corp. (the “New Name”). The name change was previously announced in a press release issued by the Company on September 27, 2018. The change to the New Name was implemented by the board after having obtained shareholders’ approval at the Company’s Annual General and Special Meeting held in New York City on June 29, 2018.
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