Day: September 21, 2022
FRISCO, TX, Sept. 21, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Verde Bio Holdings, Inc. (OTCQB: VBHI) (www.verdebh.com), a growing oil and gas company, today announced that it has entered into an agreement with a private buyer for the sale of two of its assets for a combined sales price of $1,068,300. The transaction is scheduled to close on or before October 21, 2022, with an effective date of December 1, 2022, pending buyer due diligence.
Verde Bio Holdings will achieve approximately a 78% profit with the sales price alone, which combined with revenue generated from holding the assets for a little over a year equates to a significant return to the company on its investment in the assets. In addition to the profits and previous revenue mentioned above, Verde also will receive all revenue of the assets related to production from...
OTC Markets Group Welcomes Strawberry Fields REIT, Inc. to OTCQX
Written by Customer Service on . Posted in Public Companies.
NEW YORK, Sept. 21, 2022 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Strawberry Fields REIT, Inc. (OTCQX: STRW), a Real Estate Investment Trust specializing in buying and leasing senior healthcare facilities, has gone public on the OTCQX® Best Market.
Strawberry Fields REIT, Inc. begins trading today on OTCQX under the symbol “STRW.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
The OTCQX Market offers private companies an efficient pathway to go public. To qualify for OTCQX, companies must meet high financial standards, be current in their disclosure, follow best practice corporate governance, and demonstrate compliance with applicable securities...
Matinas BioPharma Announces Chairman Succession Plan
Written by Customer Service on . Posted in Public Companies.
Eric J. Ende, MD, MBA Appointed as Chairman, Effective October 1, 2022; Founding Chairman Herbert J. Conrad to Remain an Independent Director of the Company
BEDMINSTER, N.J., Sept. 21, 2022 (GLOBE NEWSWIRE) — Matinas BioPharma Holdings, Inc. (NYSE AMER: MTNB), a clinical-stage biopharmaceutical company focused on improving the intracellular delivery of nucleic acids and small molecules with its lipid nanocrystal (LNC) platform delivery technology, today announced its leadership succession plan, with the Board of Directors unanimously appointing current board member, Eric J. Ende, to succeed Herbert J. Conrad as Chairman of the Board. Mr. Conrad, the founding Chairman of Matinas will remain on the Board as an independent director of the Company. The succession will be effective October 1, 2022.
“This change is representative of...
Algernon Pharmaceuticals Announces Receipt of CDN $450K Cash Refund from Australian Research Program
Written by Customer Service on . Posted in Public Companies.
VANCOUVER, British Columbia, Sept. 21, 2022 (GLOBE NEWSWIRE) — Algernon Pharmaceuticals Inc. (CSE: AGN) (FRANKFURT: AGW) (OTCQB: AGNPF) (the “Company” or “Algernon”), a Canadian clinical stage pharmaceutical development company, is pleased to announce that it has recently received a cash payment of approximately CDN $450K from a refundable tax credit program from its clinical research work in Australia.
“Algernon tries to conduct as much of its clinical research in Australia as possible because of the 43.5% refundable R&D tax credit program,” said Christopher J. Moreau, CEO of Algernon. “This brings our total cash refund received to date to over CDN $3.0M, which has been an important part of Algernon’s capital efficient business model.”
Additionally, the Company announces changes to the warrants that it issued on July 4, 2022,...
XPO Logistics and Planned Spin-off RXO Named to the FreightTech 100 by FreightWaves
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GREENWICH, Conn. , Sept. 21, 2022 (GLOBE NEWSWIRE) — XPO Logistics, Inc. (NYSE: XPO), a leading provider of freight transportation services, has been named to the 2023 FreightTech 100 by FreightWaves, a global source for supply chain market intelligence. RXO, the planned spin-off of XPO’s tech-enabled brokered transportation platform, was also named to the list. The FreightTech 100 list recognizes the most innovative companies in the transportation industry.
Mario Harik, XPO’s chief information officer and incoming chief executive officer, said, “We’ve spent more than $3 billion on technology over the last 11 years to ensure we’re helping our customers move goods through their supply chains as efficiently as possible. We’re honored to be recognized by FreightWaves for our technological innovation as we move XPO closer to becoming...
The Beneficient Company Group, a Leading Technology-Enabled Provider of Liquidity and Related Services to Investors in Alternative Assets, to Go Public via Combination with Avalon Acquisition Inc.
Written by Customer Service on . Posted in Mergers And Acquisitions.
Digitally-Native Pioneer has Developed a Simple, Secure and Rapid Process for Providing Investors – Including Mid-to High Net Worth Investors and Small-to Medium Sized Institutions – in the $11.9 Trillion Alternatives Market Access to Affordable Liquidity, Custody and Trust ServicesBeneficient has been Growing Responsibly and Improving Outcomes for Investors: The combination implies an enterprise valuation of $3.5 billion for Beneficient, and validates its industry re-defining business plan and growth since inception. Upon closing, the combined entity would have access to the capital markets to offer more liquidity options and better serve investors in a historically costly and opaque market.Strong History of Liquidity Execution: Beneficient has already financed transactions that delivered liquidity on approximately $1.1 billion in...
Glatfelter Suspends Dividend as Part of Capital Allocation Reprioritization
Written by Customer Service on . Posted in Dividend Reports And Estimates.
CHARLOTTE, N.C., Sept. 21, 2022 (GLOBE NEWSWIRE) — Glatfelter Corporation (“Glatfelter” or “the Company”) (NYSE: GLT), a leading global supplier of engineered materials, today announced that the Board of Directors has suspended the Company’s quarterly cash dividend as part of its focused efforts to optimize the operational and financial results of the business.
Kevin M. Fogarty, Non-Executive Chair of Glatfelter’s Board of Directors said, “This is a prudent step that will redirect capital back to the business at a critical juncture for the Company. With enhanced financial flexibility, we will be better positioned to make the changes and investments needed to drive improvements throughout the business while navigating the ongoing global geopolitical and economic challenges. The Board of Directors is confident the management team...
Clever Leaves Partners With House of Kush for International Expansion
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Multinational operator partners with House of Kush to grow and commercialize THC smokable flower from House of Kush’s genetics outside of the United States and Canada
TOCANCIPÁ, Colombia, Sept. 21, 2022 (GLOBE NEWSWIRE) — Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW), a leading multinational operator and licensed producer of pharmaceutical-grade cannabinoids, announced a partnership today with U.S. cannabis-branded genetic innovation company, House of Kush, to be the exclusive grower and distributor of proprietary genetics globally. Clever Leaves will be the exclusive producer of various genetics for House of Kush outside of the United States and Canada.
As the exclusive grower for House of Kush globally, Clever Leaves will cultivate and commercialize House of Kush proprietary genetics in its Colombia and Portugal facilities...
New Radware Report: Organizations Admit They are Unprepared to Achieve Application Protection Across Multi-Cloud Environments
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69% of companies admit they knew about breaches or exposures due to variations in multi-cloud security configurations
70% of companies are not confident in their ability to apply consistent security across on-premise and multi-cloud environments
Less than half of organizations trust their security staff to maintain a strong security postureMAHWAH, N.J., Sept. 21, 2022 (GLOBE NEWSWIRE) — Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today released its new report, Application Security in a Multi-Cloud World. The survey, which was conducted with Osterman Research, reveals that organizations continue to struggle to achieve consistent, high quality application security across hybrid and multi-cloud environments.
“While many organizations are running multiple tools to secure applications...
Provectus Biopharmaceuticals Announces Exclusive License Option Agreement with Ophthalmic Biophysics Center of Bascom Palmer Eye Institute at University of Miami for Treatment of Eye Infections
Written by Customer Service on . Posted in Public Companies.
KNOXVILLE, TN, Sept. 21, 2022 (GLOBE NEWSWIRE) — Provectus (OTCQB: PVCT) today announced that the Company has entered into an option agreement with the University of Miami (UM) for an exclusive worldwide license of intellectual property developed by the Ophthalmic Biophysics Center (OBC) of Bascom Palmer Eye Institute (BPEI), which is part of the UM Health System, for the use of OBC’s photodynamic antimicrobial therapy (PDAT) medical device in combination with Provectus’ proprietary pharmaceutical-grade rose bengal for the treatment of bacterial, fungal, and viral infections of the eye. The Company also initiated a sponsored research program with OBC to investigate Provectus’ rose bengal for the treatment of infectious keratitis.
Established in 1970 by BPEI founding director Edward W.D. Norton, MD and Jean-Marie Parel, IngETS-G,...