Venture Market News for December 3, 2018
- Wrap Technologies Announces Uplisting To Nasdaq Capital Market On December 4, 2018
LAS VEGAS, NV / ACCESSWIRE / December 3, 2018 / Wrap Technologies, Inc. (the “Company”) (OTCQB: WRTC), an innovator of modern policing solutions, today announced that its shares of common stock were approved for listing on the Nasdaq Capital Market.
- MYM Announces $25,000,000 CDN Equity Investment
VANCOUVER, British Columbia, December 3, 2018 /PRNewswire/ –MYM Nutraceuticals Inc., (CSE: MYM) (CSE: MYM.CN) (“MYM”) is pleased to announce the Company has signed a term sheet for a $25 million equity investment by Alumina Partners LLC, a New York-based private equity firm that has made substantial investments in the cannabis space. The investment can be drawn over a two-year period and is expected to close before the end of the year, once negotiations of the definitive documentation are complete. The draw-down nature of this investment gives MYM flexibility to build, with the ability to access funds when necessary.
- Namaste Announces Record-Breaking November 2018 Revenue of $2.6 Million Representing 52% Monthly Growth from October
VANCOUVER, Dec. 3, 2018 /PRNewswire/ – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) is pleased to announce record-breaking unaudited gross revenue of more than $2.6 Million across its global online platform, representing approximately 52% growth from October 2018 and approximately 30% growth year-on-year after excluding US revenue derived during the month of November 2017. After a successful Black Friday through Cyber Monday holiday weekend and with strong sales through November, the Company anticipates seeing strong revenue in December and into the new year.
- Generex Announces Acquisition of 100% of Hema Diagnostic Systems, Debt Restructuring & Warrant Deal
Generex Biotechnology Corporation (www.generex.com) (OTCQB:GNBT) (http://www.otcmarkets.com/stock/GNBT/quote) (“Generex”) is pleased to announce that the company has agreed to terms with Stephen L. Berkman (Mr. Berkman) to acquire the remaining 49% of Hema Diagnostic Systems (HDS). As previously reported, pursuant to a January 18, 2017 Acquisition Agreement among the Company, Hema Diagnostic Systems, LLC (“HDS”), Stephen L. Berkman and the other equity owners of HDS, Generex acquired 51% of the equity interests in HDS, with Mr. Berkman continuing to hold the other 49%. On December 1, 2018, the Company and Mr. Berkman entered into an Agreement, Assignment and Release, pursuant to which Mr. Berkman transferred the remaining HDS equity interests to the Company, waiving and releasing any conditions to such transfer. HDS is now a wholly owned subsidiary of the Company.
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