Venture Market News for January 14, 2019
- CSI Reports Growth in Revenues and Net Income for Third Quarter
Computer Services, Inc. (CSI) (OTCQX: CSVI) today reported growth in revenues and net income for the third quarter and nine months ended November 30, 2018.
- 12 ReTech to Acquire Red Wire Group, LLC to Increase the Manufacturing Capability and Revenue of its Emotion Fashion Group Subsidiary
Las Vegas, NV & Hong Kong, Jan. 14, 2019 (GLOBE NEWSWIRE) — 12 ReTech Corporation (OTCQB: RETC) announced today that it has signed a definitive Exchange of Equity Agreement to acquire Salt Lake City, Utah based Red Wire Group, LLC (“Red Wire”) in a stock for stock transaction. Closing is scheduled to occur before the end of this month.
- Aleafia Fulfills First Transaction Under Cannabis Supply Agreement with CannTrust
TORONTO, Jan. 14, 2019 (GLOBE NEWSWIRE) — Aleafia Health Inc. (TSXV: ALEF, OTC: ALEAF, FRA: ARAH) (“Aleafia” or the “Company”) has sold two cannabis crops to CannTrust Holdings Inc. (TSX: TRST)(“CannTrust”), together (the “Parties”), representing the first transactions under the Parties’ previously announced 15,000 kg cannabis supply agreement for 2019.
- Innovation Pharmaceuticals Completes Gastric Fluid Testing of Brilacidin Supporting Development of an Oral Dosage Form to Treat Inflammatory Bowel Disease
BEVERLY, Mass., Jan. 14, 2019 (GLOBE NEWSWIRE) — Innovation Pharmaceuticals (OTCQB:IPIX) (“the Company”), a clinical stage pharmaceutical company, is pleased to inform shareholders the Company has completed early testing evaluating the stability of Brilacidin, its novel defensin-mimetic drug candidate, in simulated gastric fluid—a synthetic form of the fluid found in the stomach.
- Freddie Mac Multifamily Research Sees Healthy Multifamily Market in 2019 Outlook
MCLEAN, Va., Jan. 14, 2019 (GLOBE NEWSWIRE) — The Freddie Mac (OTCQB: FMCC) Multifamily 2019 Outlook finds that healthy performance in the multifamily market will continue into 2019. The report finds that rent growth and vacancies will again outperform historical averages, even as new supply remains elevated into 2020. Expectations are for total market originations to continue to rise, resulting in another record year. Freddie Mac also released a companion video and viewpoint with the report.
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