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Year: 2023

Hemp, Inc. Drops the Skinny on the CBD Holiday Buzz

LAS VEGAS, NV, Dec. 26, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – This holiday season has been abuzz with everything from hemp-derived personal care products to CBD-infused food and beverages, Hemp, Inc. (OTC: HEMP) reports. Consumers can’t seem to get enough of the power-packed skinny foliage in personal care products, cosmetics, food, beverages, nutraceuticals, and other products, so much so that the global CBD market’s valuation is anticipated to reach $19.67 billion by 2032 and the Hemp Source CBD Market is full speed ahead. Considered one of the top producers of hemp-derived products, Hemp, Inc. knows a thing or two about CBDs.  The Company distinguishes itself by using pharmaceutical-grade beta-cyclodextrin in combination with cannabinoids for rapid absorption and efficacy through its highly potent, therapeutic doses...

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Scilex Holding Company Announces Filing of a New Drug Submission (NDS) to Health Canada’s Pharmaceutical Drugs Directorate, Bureau of Cardiology, Allergy and Neurological Sciences for the Approval of ELYXYB® for Acute Treatment of Migraine With or Without Aura in Canada

ELYXYB® is a first-line treatment and the only FDA-approved, ready-to-use oral solution for the acute treatment of migraine, with or without aura, in adults.1 The U.S. oral migraine drug market size is estimated to be $2.3 billion in 2025.2 According to market data from 2018, it was found that migraine was more severe than other types of headaches and it impacted more than 2.7 million Canadians with the Canadian migraine therapeutics market estimated to reach approximately $400 million by 2025.2   There is strong evidence for the use of non-steroidal anti-inflammatory drugs (NSAIDs) as a first-line treatment for migraine. ELYXYB® (celecoxib oral solution) is in the same class of agents, is fast acting, and has the potential to have the lowest gastrointestinal (GI) side effects of all NSAIDs.3 The anticipated timeline for approval in Canada...

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VERB’s MARKET.live Adds Twenty More Retailers to Its Livestream Social Shopping Platform

Continues Impressive Retailer Growth Through Q4 And The Holiday Season Expansion Expected To Accelerate Through 2024 LOS ALAMITOS, Calif. and LAS VEGAS, Dec. 26, 2023 (GLOBE NEWSWIRE) — Verb Technology Company, Inc. (Nasdaq: VERB) (“VERB” or the “Company”), the company behind MARKET.live, the innovative multi-vendor, multi-presenter livestream social shopping platform, announces twenty more dynamic new brands have joined the MARKET.live platform. The recent completion of the Company’s tech integrations with the ecommerce solutions powering thousands of vendors’ existing ecommerce stores are continuing to drive demand from retailers eager to create new and additional distribution channels and affiliate relationships through MARKET.live. The MARKET.live technology allows brands, retailers and creators...

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Red Cat Endorses Passing of the American Security Drone Act

New legislation will help protect national security and privacy of American citizens SAN JUAN, Puerto Rico, Dec. 26, 2023 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a drone technology company integrating robotic hardware and software for military, government and commercial operations, endorses the passing of the American Security Drone Act (ASDA) as an important legislation package that benefits the federal government, domestic drone businesses, and national security. Introduced in November 2023, the bipartisan act prevents the federal government from procuring drones from countries that are deemed security threats, such as China. It was officially passed into law as part of the National Defense Authorization Act. “The passing of the American Security Drone Act is a major milestone for...

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Digerati Technologies Reports Revenue of $7.7 Million for First Quarter FY2024

– Non-GAAP Adjusted Operating EBITDA Income of $1.204 Million –– Gross Profit of $5.103 Million –– Company Recorded Gross Margin of 66.7% – SAN ANTONIO, Dec. 26, 2023 (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 October 31, 2023, the Company’s first quarter for its Fiscal Year 2024. Key Financial Highlights for the Three Months Ended October 31, 2023 (Compared to the Three Months Ended October 31, 2022)Revenue decreased 6% to $7.654 million compared to $8.130 million. Gross profit decreased 3% to $5.103 million...

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Sunrise New Energy Announces Breakthrough Achievement in Sodium-ion Battery Hard Carbon Composite Material with Approval of Invention Patent by National Intellectual Property Office

ZIBO, China, Dec. 26, 2023 (GLOBE NEWSWIRE) — Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that its subsidiary, Sunrise (Guizhou) New Energy Materials Co., Ltd., has received preliminary approval from the National Intellectual Property Office for its invention patent titled “Fiber-Structured Titanium-Doped Amorphous Carbon Coated Silver Hard Carbon Composite Material and the Preparation Method.” The official document number is 2023121501155630. This invention pertains to the field of sodium-ion battery material preparation and introduces a fiber-structured titanium-doped amorphous carbon coated silver hard carbon composite material and its preparation method. Hard carbon, as the main material for the anode of sodium-ion batteries, has become the preferred material...

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Vyant Bio Provides Update on Winddown Activities

CHERRY HILL, N.J., Dec. 26, 2023 (GLOBE NEWSWIRE) — Vyant Bio, Inc. (“Vyant Bio” or “Company”) (OTC: VYNT) is providing an update to shareholders regarding its winddown activities pursuant to its Plan of Liquidation and Dissolution following the sale of substantially all of its assets. Vyant Bio’s Board of Directors has filed its Certificate of Dissolution with the State of Delaware with an effective time of 5:00 p.m. on December 29, 2023, after which the Company’s stock will cease trading on the OTC, and the holders of shares of the Company’s common stock will cease to have any rights in respect of that stock, except the right of holders at such time to receive distributions, if any, pursuant to and in accordance with the Plan of Dissolution. The Company cannot predict with any certainty the amount of any possible liquidation...

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DayDayCook Announces Agreement to Acquire Leading American Ready-to-Eat Thai Food Brand Yai’s Thai

Addition of Yai’s Thai significantly expands DayDayCook’s presence in the United States NEW YORK, Dec. 26, 2023 (GLOBE NEWSWIRE) — DDC Enterprise, Ltd., (NYSEAM: DDC) (“DayDayCook,” “DDC,” or the “Company”), a leading content-driven food consumer brand, today announces it has entered into an agreement to acquire Yai’s Thai, Inc., a leading Thai American food brand. The acquisition will significantly expand DayDayCook’s U.S. footprint and will be financed through a combination of both cash and stock. Yai’s Thai is a leading Thai American food brand, with anticipated revenues of $8M-$10M in 2023. The company’s focus on high quality, real food ingredients has resulted in rapid growth in the ready-to-eat market with significant new innovations and continued growth expected in 2024. Yai’s products are currently sold through over 4,500...

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SS Innovations Announces Strategic Partnership with Surgical Lab for Distribution in Africa

Pan African Medical Device Distributor Surgical Lab to place the SSi Mantra Surgical Robotic System in Healthcare Facilities across the African Continent Surgical Lab has Begun Registration of SSi Mantra in 27 African countries FORT LAUDERDALE, Fla., Dec. 26, 2023 (GLOBE NEWSWIRE) — Fort Lauderdale, FL., December 26, 2023 – SS Innovations International, Inc. (the “Company” or “SS Innovations”) (OTC: SSII), a developer of innovative surgical robotic technologies dedicated to making robotic surgery affordable and accessible to a global population, today announces it has entered a strategic, exclusive partnership with Surgical Lab, Ltd., a Cairo-based medical device distributor, to provide accessibility to the SSi Mantra Surgical Robotic System for the entire African continent. This marks another significant milestone for SS...

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US Nuclear’s Partner MIFTI Reports Break Out Fusion Power Test Results on the 4 Mega Ampere Machine at L3 Harris Lab

LOS ANGELES, CA, Dec. 26, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – As US Nuclear (OTC-QB: UCLE) has reported in previous releases, Magneto Inertial Fusion Technology Inc (MIFTI) is a leader in fusion power development and has already achieved extraordinary success with their 1-MegaAmp prototype fusion generator.  Now, US Nuclear is excited to announce that MIFTI, led by president and chief scientist Dr. Hafiz Rahman, has recently demonstrated its fusion technology at the L3 Harris Lab in San Leandro, California, where they produced an amazing yield of 150 billion neutrons, which meets all advanced computer code predictions.  This is 10,000 times higher than achieved by any other private company in the world. Advanced simulations have shown that scaling up MIFTI’s fusion generator to 10 Mega Amps should achieve net energy gain...

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