Archive for July, 2020
Predictive Oncology (NASDAQ: POAI), a knowledge-driven company focused on applying artificial intelligence (“AI”) to personalized medicine and drug discovery, today announced it has completed its acquisition of Quantitative Medicine LLC (“QM”), a biomedical analytics and computational biology company, in an all-stock transaction valued at approximately $1.8 million. Cofounded by Drs. Robert Murphy and Joshua Kangas, both of Carnegie Mellon University’s Computational Biology Department, QM developed its novel, computational drug-discovery platform CoRETM, an innovative machine learning platform that predicts the main effects of drugs on target molecules that mediate disease, which is expected to dramatically reduce the time, cost and financial risk of discovering new therapeutic drugs. “This acquisition will enable us to further leverage our unique database of drug-response and genomics profiles that our subsidiary, Helomics, has gathered from more than 150,000 cancer cases over more than 10 years of clinical testing,” Dr. Carl Schwartz, Predictive Oncology’s CEO, stated in the news release. “Integrating QM’s proven machine learning platform, CoRE, with our proprietary database of drug response and genomics profiles is expected to revolutionize the role of our AI-driven predictive models in the discovery and development of new anti-cancers. We will be able to more quickly understand how specific types of tumors react to cancer drug therapies. This will allow our customers to accelerate the development and commercialization of personalized patient treatments that dramatically improve patient outcomes. We intend to offer this new capability to our pharmaceutical company customers in revenue generating projects this year.”
To view the full press release, visit http://ibn.fm/i9Q4L
About Predictive Oncology Inc.
Predictive Oncology (NASDAQ: POAI) operates through three segments (Domestic, International and other), which contain four subsidiaries; Helomics, TumorGenesis, Skyline Medical and Skyline Europe. Helomics applies artificial intelligence to its rich data gathered from patient tumors to both personalize cancer therapies for patients and drive the development of new targeted therapies in collaborations with pharmaceutical companies. Helomics’ CLIA-certified lab provides clinical testing that assists oncologists in individualizing patient treatment decisions, by providing an evidence-based roadmap for therapy. In addition to its proprietary precision oncology platform, Helomics offers boutique CRO services that leverage its TruTumor(TM), patient-derived tumor models coupled to a wide range of multi-omics assays (genomics, proteomics and biochemical), and an AI-powered proprietary bioinformatics platform to provide a tailored solution to its clients’ specific needs. Predictive Oncology’s Skyline Medical division markets its patented and FDA cleared STREAMWAY System, which automates the collection, measurement and disposal of waste fluid, including blood, irrigation fluid and others, within a medical facility, through both domestic and international divisions. The company has achieved sales in five of the seven continents through both direct sales and distributor partners. For more information, please visit www.Predictive-Oncology.com.
NOTE TO INVESTORS: The latest news and updates relating to POAI are available in the company’s newsroom at http://ibn.fm/POAI
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BioMedWire (BMW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) BioMedNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, BMW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. BMW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, BMW brings its clients unparalleled visibility, recognition and brand awareness. BMW is where news, content and information converge.
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iClick Interactive Asia Group (NASDAQ: ICLK), an independent online marketing and enterprise data solutions provider in China, today announced that it was named “Asia Pacific’s Leader in Smart Marketing Solutions” at the Mediazone Group’s “Asia’s Most Valuable Service Providers Awards 2020.” The Company also garnered Certificates of Merit for “Excellence in Marketing Technologies, China-Market Solutions and Project Management and Customer Services.” “We are thrilled to receive these accolades from Mediazone which represent a strong international recognition of our data analytics and integrated solutions,” Frankie Ho, Head of International Business of iClick, stated in the news release. “We remain devoted to evolving our integrated Marketing and Enterprise Solutions to provide our clients with best-in-class support and help them effectively capture opportunities in their fast-changing markets and rapidly expand into international markets.”
To view the full press release, visit http://nnw.fm/vR4is
About iClick Interactive Asia Group Limited
iClick Interactive Asia Group Limited (NASDAQ: ICLK) is an independent online marketing and enterprise data solutions provider that connects worldwide marketers with audiences in China. Built on cutting-edge technologies, its proprietary platform possesses omni-channel marketing capabilities and fulfils various marketing objectives in a data-driven and automated manner, helping both international and domestic marketers reach their target audiences in China. Headquartered in Hong Kong, iClick was established in 2009 and is currently operating in ten locations worldwide including Asia and Europe.
For more information, please visit ir.i-Click.com.
NOTE TO INVESTORS: The latest news and updates relating to ICLK are available in the company’s newsroom at http://nnw.fm/ICLK
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NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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Although plenty of states have now legalized medical and recreational marijuana in various forms, it still carries a lot of stigma. Most employers are uncomfortable with employees consuming cannabis, even during non-work hours, and plenty of sports organizations do not allow their athletes to use marijuana. The military has a harsh stance on marijuana too, and veterans who admit to using marijuana even in a legal state can be barred from reenlisting.
A measure introduced two years in a row by Rep. Ruben Gallego and approved by a Congressional Committee would help resolve the issue. The measure would allow heads of military branches to grant waivers on a case by case basis to service members seeking to reenlist who admit to consuming cannabis or were convicted of a misdemeanor marijuana offense. Text from the measure states that “within 90 days of the enactment of the bill, the Secretary of Defense shall prescribe regulations that permit any Secretary of a military department to grant a reenlistment waiver to a covered person if the secretary determines that the reenlistment of that covered person is vital to the national interest.”
It further states that service members who have “admitted to or been convicted by a court of competent jurisdiction of a single violation of any law of a state or the United States relating to the use or possession of cannabis” would be covered as long as it was a misdemeanor offense and did not occur while they were on active duty. “Smoking pot just once shouldn’t prevent a patriotic American from fighting for our country. We need to finally exercise some common sense when it comes to our marijuana policies, and I’m glad my amendment will lead us in that direction,” says Rep. Gallego.
This is the second year in a row Rep. Gallego has filed a measure to allow service members who admitted to smoking marijuana to reenlist. At the House Armed Services Committee meeting, he stated that it was important to fundamentally rethink the military’s enlistment policies regarding marijuana, “especially given our nation’s recruitment crisis.” “Our nation’s views on marijuana use are changing, and the services have changed their recruitment process accordingly. The services can, where appropriate, grant waivers to former users of marijuana who want to serve their country in uniform,” he said at the time.
This year’s measure was adopted as part of a package with several other amendments to the National Defense Authorization Act by the House Armed Services Committee on Wednesday. As it heads to the House Floor, it will be attached to a large scale defense spending bill for the next fiscal year.
It would be interesting to hear what industry actors like Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) have to say about the likelihood of this amendment making it through both legislative chambers.
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A University of Oxford spinout focusing on genomics will benefit from a seed round of $11.4 billion. It aims at improving cancer detection by measuring epigenetic changes to tumor DNA circulating in a patient’s blood. The oversubscribed seed funding round was pioneered by Oxford Sciences Innovation. It is a local early-stage investment enterprise connected to the University of Oxford.
Base Genomics will make use of technology developed at the University of Oxford called TAPS. TAPS is responsible for detecting epigenetic methylation of DNA at a single-base level. DNA methylation is a method in which cells can switch off specific genes without changing the DNA’s base code. DNA methylation can also be disrupted by different types of cancer. That way, physicians can find early signs of disease by screening for abnormally methylated DNA shed into the bloodstream by solid tumors.
DNA methylation is the most efficient biomarker for early disease detection. A firm called Grail secured $1.5 billion to come up with a blood test for early-stage cancer detection, and after testing different methods in three years it came to the conclusion that detecting DNA methylation generates efficient results, according to Oliver Waterhouse, Co-founder, and CEO of Base Genomics. According to Waterhouse, DNA methylation is one of the most stable source of epigenetic information (a vital trait in diagnostics).
Until today, the incisive reading of the epigenetic code has been complicated. Ancient methods destroyed the sample, making it unusable for subsequent sequencing of the genome and limiting clinical sensitivity. The Base Genomics TAPS method is very efficient in reading these codes in a precise way while keeping the sample intact. It therefore allows physicians to perform more tests with the same amount of DNA sample.
Early-stage cancer identification through non-invasive liquid biopsies, such as urine or blood samples, is the Holy Grail in cancer diagnostics. Moreover, sampling a suspected tumor directly can be stressful and time-consuming for patients. However, biomarkers such as DNA and proteins linked to cancer can now easily be detected from extracted blood samples through this new technology. Additionally, liquid biopsies are becoming new gold mines in the detection of disease.
Base Genomics is however not only limited to liquid blood biopsies; the company is also looking to expand its diagnostics beyond cancer. Waterhouse, the CEO of Base Genomics, adds that they can use their new technology on saliva and urine. They have also been talking with other collaborators on using their technology on cerebrospinal fluid samples in diagnosing different neurodegenerative disorders, such as Alzheimer’s.
Other companies other than Base Genomics are monitoring the epigenetic signs of the disease. Bio-techne, a US-based company, is one of the major players in the liquid biopsy field and it has come up with a non-invasive liquid biopsy for the detection of prostate cancer. The method focuses on analyzing the RNA found in exosomes in urine, and is capable of discriminating between high-grade and low-grade prostate cancer. Furthermore, another firm in the UK called Oxford Biodynamics, has been applying an epigenetic method that looks at the structure of the chromosomes to diagnose Huntington’s disease.
All these exciting developments mean that biomedical companies like Genprex Inc. (NASDAQ: GNPX) are in good company since lots of entities are taking part in making diagnostics more accurate and timely.
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BioMedWire (BMW) is a bio-med news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with BMW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, BMW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, BMW brings its clients unparalleled visibility, recognition and brand awareness. BMW is where news, content and information converge.
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- Nuclear increasingly seen as critical energy in post-pandemic world
- UUUU plays leading role in the U.S. nuclear industry, producing more than one-third of country’s uranium over past 15 years
- Energy Fuels provides investors with compelling growth potential underpinned by industry-leading production assets, robust balance sheet
Energy Fuels (NYSE American: UUUU) (TSX: EFR), the largest uranium producer in the United States and the leading conventional producer of vanadium, appears well positioned to capitalize on the recent attention that nuclear power has attracted, both in the United States and abroad. A recent push for nuclear power by the International Energy Association (“IEA”) and OECD Nuclear Energy Agency, two major international organizations, recognizes immense benefits of this energy source for both economic recovery and energy supply resilience in the post-COVID19 world.
According to the IEA, nuclear power has been one of the largest contributors to carbon-free electricity with the considerable potential to contribute to power sector decarbonization. In its recent World Energy Outlook Special Report on Sustainable Recovery, the agency reported that investing in nuclear energy, particularly in existing power plants, is one of the measures set out to support clean energy technologies during the COVID19 economic recovery (http://nnw.fm/Yc8yW). The report notes that extending the operations of existing nuclear plants will support job creation and the prevention of more emissions per GW than other low-carbon options.
In a similar tone, the OECD Nuclear Energy Agency recently published a series of policy briefs (http://nnw.fm/cwjV8) that investigate the role of nuclear energy in the post-pandemic economic recovery covering four themes: building resilience of electricity infrastructures, high-quality job creation, cost-effective decarbonization and unlocking finance for nuclear energy infrastructure.
In a statement following the release of the briefs, the agency stated that the COVID19 pandemic had made a significant impact on the global economy and the energy sector underlining the importance of electricity resilience and reliability during major disruptions. It is becoming increasingly clear that stimulus packages put in place by governments around the world have the opportunity to foster energy systems that not only contribute to economic recovery but also meet long‑term environmental goals and energy security, said the agency. Nuclear energy can play a key role in post-COVID19 economic recovery.
The pandemic may be an additional impetus for an already growing industry. The global demand for clean energy is increasing, with nuclear energy emerging as an excellent option. With power plants that operate 24/7, nuclear is a reliable, stable and affordable energy source with zero carbon emissions and air pollution. In the United States, nuclear supplies 20% of all electricity and 55% of all clean energy (http://nnw.fm/z0XKP). At the same time, major uranium producers are shut down due to the pandemic, including global leader Kazakhstan, which produces 40% of the world’s uranium, squeezing an already tight market.
With more uranium production facilities and capacity, as well as more in-ground resources than any other company in the country, UUUU has produced more than one-third of all U.S. uranium over the past 15 years (http://nnw.fm/5yeCI). The Colorado-based diversified miner has been focused on building a rock-solid balance sheet through a strategy of reducing the debt burden over the past several years. UUUU has recently announced the plan to pay off half of its debt by mid-July 2020, expecting to become debt-free by the end of 2020 (http://nnw.fm/k1RzY). The company is also seeking to bring rare earth element production back to the U.S. With an unparalleled ability to swiftly increase low-cost U.S. uranium production, Energy Fuels is well-positioned to capitalize on the growing role of the nuclear energy in the years to come.
For more information, visit the company’s website at www.EnergyFuels.com.
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://nnw.fm/UUUU
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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- Predictive Oncology announced the acquisition of Soluble Therapeutics Inc. & BioDtech Inc.
- Acquired companies seek to enhance drug development process through the optimization of protein solubility and stability as well as through detection, removal of endotoxins
- The companies were acquired for consideration amounting to 125,000 common shares and waiving of $1.07 million promissory note issued by parent company, InventaBioTech
- Predictive Oncology seeks to build out its precision medicine business line, aimed at helping clinicians individualize cancer treatment
Predictive Oncology (NASDAQ: POAI), a knowledge-driven medicine company that focuses on applying data and artificial intelligence (“AI”) to cancer personalized medicine and drug discovery, announced that it had completed the acquisition of Soluble Therapeutics Inc. and BioDtech Inc. (http://ibn.fm/ccEdD). The company revealed that it had purchased the assets of Soluble and BioDtech, including certain intellectual property relating to contract research organization (“CRO”) services and equipment from parent company InventaBioTech for a total consideration of 125,000 shares of common stock. As part of the transaction, Predictive Oncology also waived all of the remaining amounts due and payable to the company under a secured promissory note of InventaBioTech in the principal amount of $1,070,000 relating to advances made by the company in 2017.
The acquisition of Soluble Therapeutics and BioDtech marks a new step in Predictive Oncology’s journey towards building out its precision medicine business, following its acquisition of its Helomics arm in April 2019. Soluble Therapeutics, which was founded in 2008 with the aim of commercializing technology licensed from the University of Alabama at Birmingham, seeks to enhance the drug development process by rapidly optimizing protein solubility and stability. Meanwhile, BioDtech develops and markets a line of reagents and systems for the detection, neutralization and removal of endotoxin for researchers in the bioresearch and bioprocess fields.
“These two acquisitions meaningfully expand revenue and monetization prospects for our precision medicine business,” said Predictive Oncology CEO and director Dr. Carl Schwartz (http://ibn.fm/4Nk9J). “First, the Soluble Therapeutics assets increase the company’s capabilities to provide services for the pharmaceutical and biotech industries and predict and provide the best formulation with the highest concentration and the most stable solution for protein and peptide-based drugs. Second, the company’s purchase of BioDtech’s assets provides it with ownership over BioDtech’s successfully developed test used to ‘unmask’ endotoxins, which allows a monitoring physician to perhaps change the strategy of treatment or treat the patient with antibiotics. These acquisitions will allow Predictive Oncology to further maximize opportunities within the company’s precision medicine business.”
Predictive Oncology is bringing precision medicine, or tailored medical treatment using the individual characteristics of each patient, to the treatment of cancer. Through its Helomics division, the company leverages its unique, clinically validated patient derived (“PDx”) smart tumor profiling platform to provide oncologists with a roadmap to help individualize therapy. In addition, the company is leveraging artificial intelligence and its proprietary database of over 150,000 cancer cases tumors to build AI-driven models of tumor drug response to improve outcomes for the patients of today and tomorrow.
For more information, visit the company’s website at www.Predictive-Oncology.com.
NOTE TO INVESTORS: The latest news and updates relating to POAI are available in the company’s newsroom at http://ibn.fm/POAI
About BioMedWire
BioMedWire (BMW) is a bio-med news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with BMW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, BMW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, BMW brings its clients unparalleled visibility, recognition and brand awareness. BMW is where news, content and information converge.
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Wrap Technologies (NASDAQ: WRTC), an innovator of modern policing solutions, today announced its receipt of purchase orders for BolaWrap devices, cartridges and accessories from police agencies in Texas, Illinois and Michigan. According to the update, the Company has received more than 250 requests from law enforcement agencies for quotes, training and demonstrations since June 1, 2020, and these are beginning to translate into purchase orders. “The BolaWrap gives us an option before going to impact weapons,” Chief Matt Magill of Lanark Police Department in Illinois stated in the news release. “It gives us that time period where we can safely go hands on, especially for those who are passively resistant or are mentally ill, and you don’t have to take to it to the next level of force.”
To view the full press release, visit http://nnw.fm/u27Ss
About Wrap Technologies (NASDAQ: WRTC)
Wrap Technologies is an innovator of modern policing solutions. The Company’s BolaWrap 100 product is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar(R) tether to restrain an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the Company’s Chief Technology Officer, the small but powerful BolaWrap 100 assists law enforcement to safely and effectively control encounters, especially those involving an individual experiencing a mental crisis. For information on the Company please visit www.WrapTechnologies.com. Examples of recent media coverage are available as links under the “Media” tab of the website.
NOTE TO INVESTORS: The latest news and updates relating to WRTC are available in the company’s newsroom at http://nnw.fm/WRTC
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NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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Trxade Group (NASDAQ: MEDS), an integrated drug procurement, delivery and healthcare platform, recently announced the appointment of Ashton Maaraba as president of Trxade Group’s Bonum Health telemedicine practice. An article discussing the company reads, “Maaraba has over 20 years of experience in developing and directing strategic national sales, marketing and operating initiatives in ever-changing, dynamic environments, according to the company, and will work to help build long-term shareholder value by welcoming a growing number of patients under the Bonum Health Hub platform. . . . ‘Ashton is an intuitive leader with acute business acumen and expertise in channel development and market development,’ Trxade Group CEO Suren Ajjarapu stated in describing the company’s forward strategy (http://nnw.fm/8hFn9). ‘I am confident in his ability to drive widespread adoption of Bonum Health amongst both employers seeking to provide unique healthcare perks to their workers as well as to individuals seeking a low-cost, convenient way to speak with a doctor.’”
To view the full article, visit http://nnw.fm/8DVFd
About Trxade Group, Inc.
Headquartered in Tampa, Florida, Trxade Group, Inc. (NASDAQ: MEDS) is an integrated drug procurement, delivery and healthcare platform that fosters price transparency, thereby improving profit margins for both buyers and sellers of pharmaceuticals. Trxade Group operates across all 50 states with the central mission of making healthcare services affordable and accessible. Founded in 2010, Trxade Group is comprised of four synergistic operating platforms; (1) the Trxade B2B trading platform with 11,400 registered pharmacies, (2) Integra Pharma Solutions, Trxade Group’s virtual wholesale division, (3) the Bonum Health platform offering affordable telehealth services; and (4) the DelivMeds app, which coordinates a nationwide distribution network through independent pharmacies or mail order delivery. For additional information, please visit www.Trxade.com, www.DelivMeds.com and www.BonumHealth.com.
NOTE TO INVESTORS: The latest news and updates relating to MEDS are available in the company’s newsroom at http://nnw.fm/MEDS
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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A survey published by Brightfield Group has found that the majority of Canadians are unable to tell pot brands apart despite the resources that these companies have put into marketing.
About 3,000 Canadians were polled during the first quarter of this year. The overwhelming finding of the survey was that brand awareness was woefully low among Canadians, and that they suffered from “decision fatigue” as a result of being faced with so many brands to choose from when they visit a cannabis retail outlet.
Approximately 41% of Canadians said they were aware of Tweed, a brand from Canopy Growth Corp. while a total of 17 pot brands can’t command 20% brand name awareness among users.
These findings confirm that buyers of cannabis products make a choice based on the price of the product or on a recommendation by a friend.
Bethany Gomez, Brightfield Group’s managing director, says that since the cannabis industry is still in its infancy, the companies selling products to consumers have not yet graduated their marketing efforts from teaching the functional issues to a level where they build connections with consumers.
To make matters worse for the legal cannabis industry, sector players have to compete with the black market which doesn’t have to abide by the strict regulations imposed by Health Canada on matters like packaging, online advertising and labeling.
Consumers are also faced with the problem of sorting through the nearly endless list of marijuana strains which they aren’t familiar with since they didn’t exist until the legal recreational market was opened about two years ago. The strains available on the illicit market are more familiar.
Serruya Private Equity Inc., which owns half a dozen cannabis stores in Toronto, revealed that the staff at their retail outlets say most customers ask about a product with the highest THC (the cannabis compound which induces a high) content rather than paying attention to brand names.
Marijuana companies have realized that they haven’t been using their marketing budgets effectively, so they are now pivoting to start building brand awareness as the market stabilizes. This is especially important now that “cannabis 2.0” products (edibles and vapes, for example) are now on the market.
This second generation of marijuana products is expected to be a big money maker for companies since margins are larger and cannabis consumers buy a lot more of these products when compared to smokable flower, for example.
The Canadian experience is likely to give U.S. cannabis sector players like Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) lots of lessons in how to spend their marketing dollars.
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CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.
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Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, continues to support the use of clean energy through its alternate-feed material recycling program. An article discussing the company reads, “Besides recycling uranium, Energy Fuels also recycles vanadium. In addition to being the only conventional uranium mill in the U.S., the White Mesa Mill is the only conventional vanadium mill in the country. Vanadium is used in steel, titanium and other high-strength alloys. The mineral is also being increasingly used in high-capacity, community-scale batteries that store intermittent renewable energy sources, such as wind and solar. . . . In 2019, Energy Fuels recycled 1.8 million pounds of vanadium. This is enough vanadium used in steel to build four and a half Golden Gate Bridges from scratch. And now, the company is entering the rare earth elements (‘REE’) space, which also involves the recycling of REE-bearing materials. Indeed, the White Mesa Mill may be able to play an important role in bringing REE production back to the U.S.
To view the full press release, visit http://nnw.fm/91gD2
About Energy Fuels
Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The company also produces vanadium from certain of its projects, as market conditions warrant. Its corporate offices are near Denver, Colorado, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR”) Project in Wyoming and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the United States today, has a licensed capacity of over 8 million pounds of U3O8 per year, and has the ability to produce vanadium when market conditions warrant. The Nichols Ranch ISR Project is on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also currently on standby. In addition to the above production facilities, Energy Fuels has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S., including several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol UUUU; the company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol EFR. For more information, visit the company’s website at www.EnergyFuels.com.
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://nnw.fm/UUUU
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- SRAX derives consumer data from BIGtoken platform that compensates over 16 million users from more than 30 countries for access to their data
- BIGtoken provides brands with ability to target and access specific niche groups across 25,000 unique points of segmentation
The business of big data is evolving to benefit both consumers and marketers as demonstrated by the success of SRAX (NASDAQ: SRAX), a technology company focused on digital marketing and consumer data management. The Company’s BIGtoken platform compensates over 16 million users with cash or gift cards when they opt in to give access to their data while concurrently creating valuable data sets that can be accessed by marketers for a fee.
“Big marketers are really interested in this,” said SRAX CEO and founder Christopher Miglino in an interview on the LA Weekly Podcast with Brian Calle (http://nnw.fm/2itUl). “They don’t want to buy bad data anymore. They want to buy data from consumers that have said ‘yes, you have the right to market to me’, so we’ve found ourselves in a unique spot.”
SRAX’s tools deliver a digital competitive advantage for companies in several verticals that include consumer goods, investor relations, luxury, and lifestyle. The Company’s technology unlocks data to reveal brands’ core consumers and their characteristics across several marketing channels by integrating all aspects of the advertising experience into a single platform. Besides giving access to marketers for a fee, SRAX also engages in the sale of specialized data sets across several verticals.
“Our primary focus is figuring out ways to monetize different data sets. We had a business a few years ago where we aggregated data on doctors in the country and then we sold that data,” said Miglinio, referring to SRAX’s healthcare vertical, SRAX MD, that sold for a $43.5 million consideration while allowing SRAX to retain a 31% ownership.
Investor relations is another key area for SRAX that has increased in importance during these unprecedented economic times, elevating demand for virtual investor relations platforms. Through SRAX’s Sequire platform, CEOs & CFOs of publicly traded companies are now able to monitor the trading behaviors of their investors while the investors in turn are kept informed on corporate prospects.
The power of big data to meet the demands of the increasingly demanding and competitive economic landscape is exemplified by SRAX’s services that give clients the ability to target and access specific niche groups across 25,000 unique points of segmentation. The platform’s unique interface gives users the power to submit specialized queries that include location and purchase history.
Besides serving clients on both sides of the data trade, SRAX also gives back to the community by allowing BIGtoken users to donate their earnings to charity through its partnerships with several high-profile, nonprofit associations. Through the program, BIGtoken users are able to support efforts put forward by the American Heart Association, HealthCorps and The ALS Association.
For more information, visit the company’s website at www.SRAX.com.
NOTE TO INVESTORS: The latest news and updates relating to SRAX are available in the company’s newsroom at http://nnw.fm/SRAX
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NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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Jerrick Media Holdings (OTCQB: JMDA), a technology company and the parent company of Vocal, recently announced the appointment of three new executives to its leadership team, including Chelsea Pullano as chief financial officer (“CFO”), effective immediately. A six year veteran of the firm, Pullano will address attendees and provide an insightful and unique presentation at next week’s shareholder meeting. The meeting is scheduled to take place at 4:30 p.m. Eastern Time on Wednesday, July 8, 2020. Interested parties are reminded to pre-register at http://nnw.fm/Yt2qJ.
For more information, visit https://Jerrick.media
About Jerrick
Jerrick Media Holdings, Inc. is the parent company and creator of the Vocal platform. The Company creates technology-based solutions to solve problems for the creative community. Through Vocal, Jerrick identifies and leverages opportunities within the digital platform and content monetization space. Since launching in 2016, Vocal has become home to over 600,000 content creators and brands of all shapes and sizes, attracting audiences across its network of wholly owned and operated communities.
NOTE TO INVESTORS: The latest news and updates relating to JMDA are available in the company’s newsroom at http://nnw.fm/JMDA
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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