Venture Market News for January 9, 2019
- Generex Biotechnology Announces Acquisition of Surgical Device Manufacturer
Generex Biotechnology Corporation (OTCQB:GNBT) is pleased to announce that the company has entered into a letter of intent (LOI) to acquire Pantheon Medical – Foot & Ankle, a manufacturer of specialty orthopedic surgery products and tools. Under the terms of the deal, Generex will acquire all of the assets of Pantheon Medical including business operations, accounts receivable and inventory, contracts, and an FDA letter related to balanced plating system, on a debt free basis, for One Million Four Hundred Thousand Dollars ($1,400,000) worth of Generex (GNBT) stock, plus additional cash and stock consideration upon achieving certain sales and profit goals.
- Gopher Protocol Commences Development of the Gopher Avant! AI Mobile App
App to Complement Gopher Avant! AI Web Application and Facebook Agent
SAN DIEGO, CA, Jan. 09, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – Gopher Protocol, Inc. (OTCQB: GOPH) (“Gopher”), a company specializing in the development of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, including a global mesh network technology platform for both mobile and fixed solutions, announced today it started the development of the Gopher Avant! AI mobile application.
- Supreme Cannabis Receives Conditional Approval to List on the Toronto Stock Exchange
TORONTO, Jan. 9, 2019 /PRNewswire/ – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSXV: FIRE) (OTCQX: SPRWF) (FRA: 53S1) announced today that it has received conditional approval from the Toronto Stock Exchange (the “TSX”) to graduate from the TSX Venture Exchange (“TSXV”) and list its common shares on the TSX.
- Nexus Energy Reduces O/S and A/S After CEO Returns 150 Million Shares to Treasury
PALO ALTO, Calif., Jan. 09, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE – Nexus Energy Services, Inc. (OTCPINK: IBGR), an application development company, today announced that it has reached an agreement with its CEO and President, Ron Minsky, to convert 150 million common shares held by Mr. Minsky into Preferred Series “D” shares. This will leave just over 140 million common shares issued and outstanding. In concert with this agreement, the company will file an amendment with the Nevada Secretary of State to reduce the total number of shares authorized to 350 million.
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