Venture Market News for November 27, 2018
- Navy Capital Makes $14+ Million Investment in MariMed
Investment helps fund MariMed’s acquisitions and operations
NORWOOD, MA and NEW YORK, Nov. 27, 2018 (GLOBE NEWSWIRE) — MariMed, Inc. (OTCQB: MRMD), a multi-state cannabis operator which develops, owns and manages cannabis facilities and branded products lines, announced today that Navy Capital Green Fund, LP (“Navy Capital”), made a $14.725 million investment in MariMed in November 2018 (some of which was reported in MariMed’s last 8K SEC filing). Navy Capital is the first US-based Long/Short Equity Hedge Fund dedicated solely to the legal cannabis industry.
- GB Sciences Co-Authors a Peer-Reviewed Article Showing that Heart Failure Can Be Mitigated, and Reversed, by Orally Administered Drugs Targeting a Cellular Cannabinoid Receptor
Pioneering new scientific research in the publication, Channels, explains the promise of targeting the ionotropic cannabinoid receptor TRPV1, for the treatment and reversal of heart failure.
LAS VEGAS, Nov. 27, 2018 /PRNewswire/ — GB Sciences, Inc. (OTCQB: GBLX) is pleased to announce the publication of a research article co-authored by GB Sciences and key collaborators in the peer-reviewed journal Channels, which explains the potential medical benefits of using cannabinoid receptor-targeting therapies for the treatment of heart disease. GB Sciences’ own Chief Science Officer, Dr. Andrea Small-Howard, joins co-authors including University of Hawaii faculty member and President of Makai Biotechnology, LLC, Dr. Alexander Stokes, and researchers from the University of Kyoto, Japan. The link to the article as published in PubMed, the notable government source for medical studies, is found at https://www.ncbi.nlm.nih.gov/pubmed/30424709.
- Ahold Delhaize share buyback update
Zaandam, the Netherlands, November 27, 2018 – Ahold Delhaize has repurchased 1,575,000 of Ahold Delhaize common shares in the period from November 19, 2018 up to and including November 23, 2018. The shares were repurchased at an average price of €22.57 per share for a total consideration of €35.5 million. These repurchases were made as part of the €2 billion share buyback program announced on November 8, 2017.
- Patriot One to Acquire Video Threat Recognition Software
TORONTO, Nov. 27, 2018 (GLOBE NEWSWIRE) — Patriot One Technologies Inc. (TSX.V: PAT) (OTCQX: PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the “Company”), developer of the award-winning PATSCAN™ covert weapon detection system, is pleased to announce the execution of a definitive acquisition agreement with EhEye Inc. (“EhEye”) of New Brunswick, Canada (the “Transaction”).
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