Venture Market News for October 17, 2018
- IntelGenx Receives Over $1.6 Million from Exercise of Warrants
SAINT LAURENT, Quebec, Oct. 17, 2018 (GLOBE NEWSWIRE) — IntelGenx Technologies Corp. (TSX-V: IGX) (OTCQX: IGXT) (the “Company” or “IntelGenx”) is pleased to announce that, since September 15, 2018, it has received proceeds of US$1,634,294 as a result of the exercise of 2,894,606 previously issued common share purchase warrants (the “Warrants”).
- Sugarmade Signs LOI to Acquire Major Hydroponic Supplier, Raises FY2019 Sales Outlook to $70M
MONROVIA, California, October 17, 2018 /PRNewswire/ –Sugarmade, Inc. (OTCQB: SGMD), one of the largest publicly traded hydroponics supply companies, today announces the signing of a binding Letter of Intent (“LOI”) to acquire Sky Unlimited, LLC, dba Athena United (www.AthenaUnited.com), a California-based supplier of cannabis cultivation materials to wholesalers and large commercial cannabis cultivators. Sugarmade expects this acquisition to be highly accretive to earnings and shareholder value and thus is revising its guidance for full-year 2019 revenues to more than $70 million.
- Shareholder Update: Creative Medical Technology Holdings, Inc.
PHOENIX, Oct. 17, 2018 /PRNewswire/ — (OTCQB-CELZ) Creative Medical Technology Holdings, Inc. announced today an update of its activities:
- Immune Pharmaceuticals Announces Positive Preclinical Results in Asthma
A broad anti-inflammatory effect observed
FORT LEE, N.J., Oct. 17, 2018 (GLOBE NEWSWIRE) — Immune Pharmaceuticals, Inc. (OTCQB: IMNP) (“Immune” or the “Company”), a biopharmaceutical company developing novel therapeutic agents for the treatment of immunologic and inflammatory diseases, announced today positive results from a mouse study demonstrating that blockade of eotaxin-1 reduces lung inflammation and has a broader inhibitory effect on inflammatory cells than does blockade of interleukin (IL)-5.
- Sunniva to Acquire Northern California Licensed Cultivation and Genetics Facility
VANCOUVER, B.C., Oct. 17, 2018 (GLOBE NEWSWIRE) — Sunniva Inc. (“Sunniva” or the “Company“) (CSE:SNN) (OTCQX:SNNVF), a North American provider of cannabis products and services, is pleased to announce that the Company has signed a non-arms length binding letter of intent dated October 16, 2018 with the Oakland Vision Project (“Vision”) to acquire all the issued and outstanding equity interests of the companies that comprise Vision (the “LOI”). Vision is co-owned by Vinayak Shastry, Sunniva’s President of US Operations. Vision operates a licensed cultivation facility located in Irvine, California (the “Vision Facility”). Completion of the acquisition remains subject to a number of conditions including, among other things: the negotiation and execution of a definitive agreement between Sunniva and Vision, completion of due diligence and receipt of regulatory approvals, including approval of the Canadian Securities Exchange (“CSE”).
- AppSwarm Inc., Signs Co-Marketing Deal with Algae World, Inc., a Subsidiary of KYN Capital and Algae World Projects Its Revenues to Surpass Five Million Through Second Quarter 2019 for All Its Companies
TULSA, OK, Oct. 17, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — AppSwarm, Inc. (OTC: SWRM) and KYN Capital Group Inc. (OTC: KYNC) announced that they signed a co-marketing agreement to market each other’s products. Algae World Inc., a Los Angeles headquartered algae production company, which owns several subsidiaries now projects that its revenues will surpass five million dollars through the first half of 2019 (http://www.algaeworld.info). Further, they anticipate their Co-Marketing Agreement with AppSwarm Inc., will help add to the Bottom Line.
- Generex Announces Launch of NuGenerex Distribution Solutions
Generex Biotechnology Corporation (www.generex.com) (OTCQB:GNBT) (http://www.otcmarkets.com/stock/GNBT/quote) is pleased to announce the launch of NuGenerex Distribution Solutions, and the commencement of business operations enabled through the acquisition of certain operating assets of Veneto Holdings, L.L.C., as announced on October 9, 2018.
- Nutritional High and Aura Health Announce Partnership to Develop International Markets
TORONTO, Oct. 17, 2018 (GLOBE NEWSWIRE) — Nutritional High International Inc. (“Nutritional High”) (CSE: EAT, OTCQB: SPLIF, FRANKFURT:2NU) and Aura Health Inc. (“Aura”) (CSE: BUZZ) are pleased to announce the development of a framework to bring Nutritional High’s extraction and edibles technology and products to European and Israeli markets.
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