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Month: August 2023

Edible Garden Receives Notice of Allowance for US Patent for its Self-Watering Display; Underscores AgTech Leader’s Dedication to Sustainability

State-of-the-Art Technology Allows Retailers to Display Plants in Optimal Freshness Leading to Reduced Shrink and Better Product for ConsumersEdible Garden’s proprietary Self-Watering DisplayEdible Garden’s Proprietary Self-Watering DisplayEdible Garden’s Proprietary Self-Watering Display BELVIDERE, NJ, Aug. 21, 2023 (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 products, today announced it has received a Notice of Allowance from the U.S. Patent and Trademark Office (USPTO) for its patent application for the Company’s proprietary Self-Watering Display, which is designed to provide an enhanced in-store plant display experience. Mr. Jim Kras, Chief Executive...

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Phathom Pharmaceuticals Announces Submission of Six-Month Stability Data in Support of Erosive GERD New Drug Application

Six-month stability data remain more than 10x below the acceptable intake limit set by the U.S. Food and Drug Administration (FDA) and continue to support the requested product shelf lifeSubmission of six-month stability data satisfies Phathom’s stability data submission requirements for Erosive GERD New Drug Application (NDA) for vonoprazan with a Prescription Drug User Fee Act (PDUFA) goal date of November 17, 2023FLORHAM PARK, N.J., Aug. 21, 2023 (GLOBE NEWSWIRE) — Phathom Pharmaceuticals, Inc. (Nasdaq: PHAT), a biopharmaceutical company focused on developing and commercializing novel treatments for gastrointestinal diseases, today announced it has submitted to the FDA six-month stability data from its long-term and accelerated stability program for its reformulated vonoprazan tablets. The additional stability was...

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Freshpet and JANA Partners Announce Cooperation Agreement

Timothy McLevish, former Kraft Foods CFO, and Joseph E. Scalzo, former Simply Good Foods CEO, join Freshpet Board of Directors New directors bring CPG leadership and strong financial expertise to support continued momentum and growth SECAUCUS, N.J., Aug. 21, 2023 (GLOBE NEWSWIRE) — Freshpet, Inc. (NASDAQ: FRPT) (“Freshpet” or the “Company”) today announced that it has entered into a cooperation agreement with JANA Partners (“JANA”), one of the Company’s largest shareholders. As part of the agreement, Freshpet has appointed Timothy McLevish and Joseph E. Scalzo to its Board of Directors (“the Board”), effective immediately. Mr. McLevish joins the Board as a Class I director with a term expiring at the Company’s 2024 annual meeting, and Mr. Scalzo joins as a Class II director with a term expiring at the Company’s 2025 annual meeting....

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Golden Nugget Online Gaming Debuts Online Casino Product in Pennsylvania

BOSTON, Aug. 21, 2023 (GLOBE NEWSWIRE) — Golden Nugget Online Gaming announced today that the company has launched its online and mobile casino in Pennsylvania. The Golden Nugget Online Gaming casino app, powered by DraftKings technology, includes more than 500 slots and classic table games like Blackjack, Roulette and Craps, as well as exclusive games including Rocket, Golden Nugget American Roulette, Golden Nugget Blackjack and more. “We’re thrilled to announce that Golden Nugget Online Gaming’s mobile casino is now available to customers in the Commonwealth of Pennsylvania,” said Matt Kalish, President, DraftKings North America. “The app is powered by our leading technology, which dynamically brings hundreds of popular casino games and exclusive content to our customers’ fingertips. Pennsylvanians will be able to enjoy...

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Cheetah Net Supply Chain Services Inc. Announces Preliminary First Half 2023 Results

Higher Revenue per Unit Sold Drove Improved Results CHARLOTTE, North Carolina, Aug. 21, 2023 (GLOBE NEWSWIRE) — Cheetah Net Supply Chain Services Inc. (“Cheetah” or the “Company”) (Nasdaq CM: CTNT) announced today, based on a preliminary review, its unaudited revenue and results for the first half of 2023. The Company anticipates filing its Quarterly Report on Form 10-Q for the second quarter and six-month period ended June 30, 2023 by the deadline of September 14, 2023. For the six months ended June 30, 2023, Cheetah sold a total of 175 luxury vehicles, 69% of which were sold directly to PRC-based parallel import dealers and the balance to U.S. parallel vehicle exporters for sale into the PRC. Gross profit increased by approximately 35% to an estimated $2.4 million, for a gross profit margin of 10.7%, compared with 5.3% for the...

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Treasure Global’s Abe Yus Malaysia (Kari Puff Abe Yus) Advances With Expansion via PERNAS Pre-Franchise Program Accreditation

NEW YORK and KUALA LUMPUR, Malaysia, Aug. 21, 2023 (GLOBE NEWSWIRE) — Abe Yus Malaysia, a distinguished F&B brand under the esteemed Treasure Global Inc (NASDAQ: TGL) umbrella, proudly announces its successful accreditation in the esteemed Perbadanan Nasional Berhad (PERNAS) Pre-Franchise Program. This significant achievement paves the way for aspiring Bumiputera entrepreneurs to access startup financing, marking a milestone in culinary entrepreneurship and empowerment. Abe Yus Malaysia has garnered renown for its delectable “Kari Puffs” from grab-and-go food carts, establishing itself as a frontrunner in the Malaysian F&B landscape. With a steadfast commitment to innovation, quality, and customer satisfaction, the brand has continued to thrive, even amid challenges. The accreditation by PERNAS attests to...

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SHARC Energy Receives Purchase Order for Brooklyn Development Supported by Governor of New York

BROOKLYN, N.Y., Aug. 21, 2023 (GLOBE NEWSWIRE) — SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC Energy” or the “Company”) is pleased to provide an update to a previous announcement regarding a transformative $1.2 billion redevelopment in Brooklyn’s East New York neighborhood led by Apex Building Company, L+M Development Partners, RiseBoro Community Partnership, and Services for the Underserved. SHARC Energy has completed the final submittal process with its New York State representative HIGHMARK and has received a purchase order for a SHARC 660 Wastewater Energy Transfer (“WET”) system to be included in the initial phase of the development. In December 2022, New York State Governor Kathy Hochul announced that construction had begun for the redevelopment of the former 27-acre Brooklyn...

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Fobi AI To Deliver Digital Ticketing & Event Management for the Greater Vancouver Charity Invitational Golf Tournament Hosted by Adam Hadwin & Morgan Creek Golf Course

Fobi’s wallet pass technology will enable GVCI to deliver enhanced event experiences that increase attendee engagement and proceeds to charity. VANCOUVER, BC, Aug. 21, 2023 (GLOBE NEWSWIRE) — Fobi AI To Deliver Digital Ticketing & Event Management for the Greater Vancouver Charity Invitational Golf Tournament Hosted by Adam Hadwin & Morgan Creek Golf Course Fobi’s wallet pass technology will enable GVCI to deliver enhanced event experiences that increase attendee engagement and proceeds to charity. Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the “Company” or “Fobi”), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce that its wallet pass technology will be utilized for the second consecutive year to support the Greater Vancouver Charity...

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Timber Pharmaceuticals to be Acquired by LEO Pharma

Transaction Provides Timber Stockholders with Upfront Cash Consideration and Downstream Value through Contingent Value Rights Total Transaction Value of up to $36 million Transaction Expected to Close in the 4th Quarter of 2023, subject to closing conditions and stockholder approvalWARREN, NJ, Aug. 21, 2023 (GLOBE NEWSWIRE) — via NewMediaWire — Timber Pharmaceuticals, Inc. (“Timber” or the “Company”) (NYSE American: TMBR) today announced that it has entered into a definitive agreement to be acquired by LEO US Holding, Inc. (“LEO Pharma”), a wholly-owned subsidiary of LEO Pharma A/S, in a total transaction value of up to $36 million with (i) an initial upfront consideration of $14 million and (ii) up to an additional $22.0 million in contingent value rights (CVRs) payable upon achievement of certain milestones described...

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Global Pain Management Devices Market Size to Reach USD 4.65 Billion 2030 | Emergen Research

Rising demand for chronic pain management in home care settings is a significant factor driving global pain management devices market revenue growth Vancouver, Aug. 21, 2023 (GLOBE NEWSWIRE) — The projected size of the global market for pain management devices is anticipated to reach approximately USD 4.65 Billion by the year 2030. This growth is expected to follow a consistent revenue Compound Annual Growth Rate (CAGR) of 8.6%, based on the latest analysis conducted by Emergen Research. One of the primary drivers behind this expansion is the increasing prevalence of neurological disorders. A recent report from the United Nations highlights that nearly one in six individuals globally, totaling up to 1 billion people, are affected by neurological disorders. These disorders encompass a range of conditions, including migraine, brain...

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