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Day: June 21, 2022

Surna Cultivation Technologies Secures Letter of Intent from Greene Brothers Farm for a Potential $10 Million in Revenues

Agreement Includes Five Phases of Development with the First Phase Contract Signed for $1.2 Million Louisville, Colorado, June 21, 2022 (GLOBE NEWSWIRE) — CEA Industries Inc. (NASDAQ: CEAD, CEADW) (“CEA Industries” or the “Company”) subsidiary, Surna Cultivation Technologies LLC (“Surna”), a leader in controlled environment agriculture (CEA) systems engineering and technologies, today announced it has entered into a letter of intent to provide products and mechanical engineering services over five phases with Greene Brothers Farm, Inc., a family owned and operated farm that is developing a 26-acre site exclusively for indoor cannabis cultivation. CEA Industries anticipates contract revenues of approximately $10 million over an estimated two to three-year period. The initial contract, valued at $1.2 million, is for the first phase...

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Blink Charging Announces Closing of the Acquisition of EV Charging Leader SemaConnect

– The acquisition adds nearly 13,000 EV chargers, an additional 3,800 site host locations and more than 150,000 registered EV driver members to Blink’s existing footprint.– In-house manufacturing and US-based assembly brings Blink in compliance with the Biden Administration Buy American initiatives Miami Beach, FL, June 21, 2022 (GLOBE NEWSWIRE) — Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink”), a leading owner, operator, and provider of electric vehicle (EV) charging equipment and services, today announced it has completed its previously announced acquisition of SemaConnect, Inc., a leading provider of EV charging infrastructure solutions in North America, for a combination of cash and shares of its common stock. The transaction added nearly 13,000 EV chargers to Blink’s existing footprint, an additional 3,800 site...

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Descrypto Holdings Further Develops its Strategic Advisory Board by Appointing Samantha Viola

West Palm Beach, FL., June 21, 2022 (GLOBE NEWSWIRE) — Descrypto Holdings, Inc. (“Descrypto” or the “Company”) (OTC: DSRO), a sports and entertainment focused NFT and blockchain holding company, is pleased to announce that it has added another valued member to its Strategic Advisory Board. Descrypto is proud to appoint Ms. Samantha Viola to the Strategic Advisory Board. Samantha began her career in the Professional Employer Organization (PEO) industry, assisting small to medium sized organizations with Human Resources, Benefits & Payroll. She excelled to become a top 10 sales representative nationwide for two consecutive years. Samantha transitioned to wealth management in 2019, where she has developed a thriving career catering to high-net-worth individuals. Samantha has been personally investing in Crypto since 2017 and...

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Westboro Mortgage Investment Fund Announces Second Consecutive Increase in Monthly Distribution to Investors

OTTAWA, June 21, 2022 (GLOBE NEWSWIRE) — Effective June 1, 2022, the managing board of Westboro Mortgage Investment Fund has increased the monthly distribution per eligible Class F unit from $0.06/Unit to $0.064/Unit. This increase provides for a non-compounded annualized return of 7.68% or if the investor opted to reinvest distributions (DRIP), a compounded annualized return of 7.96%. This is the fund’s second consecutive monthly increase to the investor distribution. The managing board of Westboro Mortgage Investment Fund had previously authorized an increase from $0.052/Unit in April 2022 (6.24% annualized non-compounded) to $0.06/Unit for May 2022 (7.2% annualized non-compounded). The impressive performance of the Westboro Mortgage Investment Fund is a direct result of the following: a) long-standing and strong broker-client...

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Telos Corporation Wins Touchless Mobile Fingerprint Awards

The Telos identity team walks away with two awards at the NIST mFIT competition ASHBURN, Va., June 21, 2022 (GLOBE NEWSWIRE) — Telos® Corporation (NASDAQ: TLS), a leading provider of cyber, cloud and enterprise security solutions for the world’s most security-conscious organizations, today announced that its ONYX® technology won first place in the overall competition of the Mobile Fingerprint Information Technology (mFIT) Challenge hosted by the National Institute of Standards and Technology (NIST). NIST’s mFIT Challenge strives to advance mobile fingerprint capture technologies by incentivizing contestants to build and demonstrate prototype applications and mobile device accessories for fingerprint capture by field law enforcement officers. ONYX shared the overall first place designation with French firm Idemia. “The mFIT Challenge...

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Progressive Reports May 2022 Results

MAYFIELD VILLAGE, OHIO, June 21, 2022 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE:PGR) today reported the following results for May 2022:  May(millions, except per share amounts and ratios; unaudited)2022   2021   Change         Net premiums written $3,724.3     $3,402.4   9 %Net premiums earned $3,763.6     $3,388.8   11 %Net income $92.1     $341.1   (73) %Per share available to common shareholders $0.15     $0.58   (73) %Total pretax net realized gains (losses) on securities $(89.0)     $146.3   (161) %Combined ratio   96.5       93.1   3.4 pts.Average diluted equivalent common shares   586.4       586.9   0 %   May(thousands; unaudited)2022   2021   ChangePolicies in Force          Personal Lines          Agency – auto 7,658.9   7,986.3   (4) %Direct – auto 9,541.1   9,537.1   0 %Total...

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CleanSpark to Participate in Bank of America’s Web3 & Digital Assets Day

CleanSpark CEO will discuss bitcoin mining at the in-person event for the bank’s top clients LAS VEGAS, June 21, 2022 (GLOBE NEWSWIRE) — CleanSpark, Inc. (Nasdaq: CLSK) (the “Company”), a sustainable bitcoin mining and energy technology company, today announced it will participate in Bank of America’s (BofA) Web3 & Digital Assets Day. Organized for BofA’s top clients, the private event will take place on June 23rd at the BofA Tower in New York City.  The event agenda includes leaders of some of the most well known companies from the Web3 and digital assets industry. CleanSpark’s CEO Zach Bradford will join panelists from two other companies that operate in the mining world.  As Web3 and digital assets become more popular, the infrastructure layer of proof-of-work networks continues to generate increasing interest among energy...

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In the First Half of 2022, Progress Wins 10 Awards for Employee Engagement and Corporate Social Responsibility

Company recognized as an employer of choice by Forbes, Inc. Magazine and the Boston Business Journal BURLINGTON, Mass., June 21, 2022 (GLOBE NEWSWIRE) — Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that it earned a series of awards and recognitions for its employee engagement and for its corporate social responsibility (CSR) program, Progress for Tomorrow. Most recently, Progress ranked #5 for large businesses during last week’s the Boston Business Journal Best Places to Work Awards Ceremony. Rankings were based on an employee survey that evaluated trust in leadership, communications and engagement, manager effectiveness, resource availability and more. Progress was also included in the 2022 Inc. Best Workplaces List and the Forbes America’s Best Midsize Employers 2022 List, which each...

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Digerati Technologies Reports 118% Revenue Growth to $8.163 Million for Third Quarter FY2022, Highest Quarterly Revenue in Company History

– Non-GAAP Operating EBITDA of $0.969 Million –– Gross Profit of $5.002 Million –– Strong Gross Margin Improvement to 61.3% – SAN ANTONIO, Texas, June 21, 2022 (GLOBE NEWSWIRE) — Digerati Technologies, Inc. (OTCQB: DTGI) (“Digerati” or the “Company”), a provider of cloud services specializing in UCaaS (Unified Communications as a Service) solutions for the small to medium-sized business (“SMB”) market, announced today financial results for the three months ended April 30, 2022, the Company’s third quarter for its Fiscal Year 2022. Key Financial Highlights for the Third Quarter Fiscal Year 2022 (Ended April 30, 2022)Revenue increased by 118% to $8.163 million compared to $3.751 million for Q3 FY2021. Gross profit increased 125% to $5.002 million compared to $2.225 million...

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Edible Garden Reports 10% Increase in Sales for the First Quarter of 2022

BELVIDERE, NJ, June 21, 2022 (GLOBE NEWSWIRE) — Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic and sustainable produce and plant-based products, today provided a business update and reported financial results for the quarter ended March 31, 2022. Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, “We are pleased to report solid results for the first quarter of 2022.  Despite our capital constraints during the first quarter of 2022, revenues increased 10% compared to the same period last year. On the heels of our IPO in May 2022, we believe we are well-positioned to accelerate organic growth by capitalizing on our growing brand recognition, the strong consumer demand for our products and our expanding...

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