Venture Market News for November 15, 2018
- Puration Inc Announces 1:5 Nouveau Stock Dividend Declaration
DALLAS, November 15, 2018 /PRNewswire/ — Puration, Inc. (USOTC: PURA) (“PURA”) today announced that Nouveau Life Pharmaceuticals, Inc. (USOTC: NOUV) (“NOUV”) has formally declared a 1:5 stock dividend whereby NOUV common stock will be issued to the shareholders of PURA at a ratio of one NOUV common share for every five shares of PURA held on the yet to be determined date of record. The NOUV board of directors as resolved to restructure NOUV and issue the stock dividend to PURA shareholders in conjunction with PURA’s spinoff of its cannabis cultivation business to NOUV announced October 4, 2018. Subject to necessary regulatory and administrative authority approvals, NOUV plans to set a date of record for the dividend for approximately 30 days from now, and a pay date just after the first of next year.
- The Green Organic Dutchman partners with Velvet Management Inc. to distribute premium organic cannabis across all recreational adult use markets in Canada
TORONTO, Nov. 15, 2018 /CNW/ – The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (US:TGODF) is pleased to announce a supply partnership with Velvet Management Inc. for sales and distribution to provincial liquor and cannabis boards across Canada. Velvet is a new company with distinct ownership created by the largest wine distributor in Canada, Philippe Dandurand Wines.
- MGX Minerals Increases Ownership to 60% in Cleantech and Lithium Extraction Partner PurLucid Treatment Solutions
VANCOUVER, BC / ACCESSWIRE / November 15, 2018 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to report the Company has increased its ownership stake in engineering partner PurLucid Treatment Solutions Inc. (“PurLucid”) to 60%. This ownership increase was recently approved by PurLucid shareholders under Phase V of the investment agreement through the issuance of 1,001,000 common shares of the Company (see press release dated January 25, 2018).
- Wrap Technologies Appoints Two Independent Members to Board of Directors
Patrick Kinsella and Wayne Walker Bring Financial and Corporate Governance Expertise to Help Guide the Company in its Next Phase of Growth
LAS VEGAS, NV / ACCESSWIRE / November 15, 2018 / Wrap Technologies, Inc. (the “Company”) (OTCQB: WRTC), an innovator of modern policing solutions, has appointed Patrick Kinsella and Wayne R. Walker to its Board of Directors (the “Board”), effective November 14, 2018. Their appointments increase the total number of directors on the Board to five, including two executive directors and three independent directors. Mr. Kinsella chairs the Company’s newly appointed Audit Committee and Mr. Walker chairs both the Compensation Committee and the Nominations and Governance Committee of the Board. The Company is currently preparing for its next phase of development and sales growth, and management believes that the newly appointed board members will enhance the Company’s focus on financial and corporate governance.
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