PharmaCyte Biotech Inc. (OTCMKTS: PMCB) has announced plans to effect a 1 for 1,500 reverse common stock split leaving it with around 1.6 million outstanding and issued shares. Once the market opens, the company’s common shares will commence trading on the OTCQB on a split-adjusted basis from July 12, 2021.
PharmaCyte announces reverse stock split
The move seeks to reduce PharmaCyte’s outstanding common shares from around 2.4 million to $1.6 million. Interestingly, there will be proportional adjustments to PharmaCyte’s outstanding warrants and stock options.
Kenneth L. Waggoner, the company’s CEO, stated, “With approximately 1.6 million shares outstanding, we believe this change will make it easier for investors to trade in our stock and is a necessary step before the Company’s common stock can be listed on a national stock exchange like Nasdaq, which is our expectation.”
Branded Legacy adds 15 new retail grocery accounts
Branded Legacy Inc. (OTCMKTS: BLEG) has announced 15 new retail grocery accounts in Central Florida. The company is gaining momentum with new hires introducing Elev8 Hemp CBD-infused Ice tea at two grocery chains on a pilot basis. The CBD iced tea will be availed in five Fancy Fruit & Produce stores and ten Bravo Supermarkets.
Matthew Nichols, Branded Legacy VP, said, Working with the right people is critical in any company. We are pleased to see the activity and results in such a short period of time. It’s a precursor of what’s to come. We are very pleased with the recent growth. We are seeing sales growing on our website, social, Amazon, and brick-and-mortar. There have been some hurdles to overcome, but we now have the right team in place. We expect to see a strong influx in sales in the third and fourth quarter.”
Halo Collective Inc (OTCMKTS: HCANF) Completes Sale of Common Shares for Approximately C$20 Million, and Company Launches Two Premium Cannabis Strains in Oregon
Halo Collective Inc (OTCMKTS: HCANF) announced that it had completed its at-the-market equity financing program. Also known as the ATM program, the company sold as many as 43 million common shares of the group. The sale was made between May 4, 2021, and September 17, 2021. The common shares of the corporate house were sold for a total value of approximately C$20 Million. The distribution of the company’s common shares under the ATM program was done adhering to the equity distribution agreement dated May 4, 2021.
Here’s how the group plans to use net proceeds
It has come to light that the group plans to use the net proceeds generated from the ATM program for corporate purposes. For example, the company could use the net proceeds to repay its debts; it could be used as working capital or capital expenditures.
In partnership with DNA Genetics, Halo Collective Inc announces two premium cannabis strains in Oregon
In a strategic partnership with DNA genetics, Halo Collective Inc has announced the official launch of Ztrawberriez and four prophets’ premium cannabis flower. Of these, the first two strains, which are created in celebrating with DNA Genetics to develop DNA Genetics brands by breeding, growing, and processing, will be launched in Oregon. Additionally, the award-winning genetics will be made available at all leading dispensaries in Oregon.
The partnership can result in introducing new strains in the coming quarters
Strawberries and 4 Prophets, the two most sort-after strains of DNA flower, were co-branded with DNA Genetics and were subsequently launched in the Oregon market in August. The sales of the two strains have been good, and this has motivated Halo and DNA Genetics to join hands and work on introducing additional strains. Through the partnership, it is anticipated that new strains will be launched in the coming quarters.
DNA Genetics was established in 2004 and developed high-quality seeds by taking a technical, professional, and ethical approach. Halo Collective Inc is a vertically integrated cannabis company involved in the cultivation, extraction, manufacturing, and distribution of cannabis flowers, oils, and concentrates.
Aleafia Health Inc (OTCMKTS: ALEAF) Appoints David Pasieka to Board of Directors, and Stereo Vision Entertainment Inc (OTCMKTS: SVSN) Has David Waite as Independent Director
Aleafia Health Inc (OTCMKTS: ALEAF) announced that the group had appointed David Pasieka to its board of directors. Meanwhile, the group also announced the departure of director Mike LeClair. It is learned that Pasieka has credit experience in finance, audit, risk management, and ESG. Before this new appointment, Pasieka has taken the position of an entrepreneur in residence at the MaRS Discovery District.
Pasieka will serve both management and the board
On behalf of Aleafia Health Inc, Mark J. Sandler, chair of the company’s board of directors, wished the outgoing director LeClair good luck in his future endeavors. In addition, Sandler welcomed Pasieka and expressed that Pasieka holds a professional track record as a leader who aims to take the business to the next level of growth and help serve the board and the management of the group. The chair of the company’s board of directors is confident that the team will strengthen the group’s position in medical and commercial markets.
Aleafia Health Inc is a licensed Canadian cannabis company that offers a range of cannabis health and wellness services and products in Canada. In addition, the group has a presence in the international market.
Stereo Vision Entertainment Inc (OTCMKTS: SVSN) announces David Waite as Independent Director
Stereo Vision Entertainment Inc (OTCMKTS: SVSN) conveyed that its board of directors has unanimously elected David Waite as Independent Director. In addition, Waite of Waite Enterprises LLC is appointed on the StereoVisions Board of Directors for Stereovisions planned uplisting to the OTCQB, it is learned.
CEO of the group Jack Honour welcomed Waite as Independent Director to StereoVisions Board and added that Waite has his credit experience in sales consulting. It is also learned that Waite has donned many hats before taking up the new responsibility assigned to him. He has served as a consultant for state and federal government agencies in sectors including banking, industry, and financial services. Stereo Vision Entertainment Inc is a Nevada publicly traded company.
INDVR Brands Inc. (OTCMKTS: CAAOF) Appoints Chairman and CEO, and Hexo Corp (NASDAQ: HEXO) Has New Chief People and Culture Officer
INDVR Brands Inc. (OTCMKTS: CAAOF) is back in the news. The group, in a statement, announced that Hugh Hempel would play the role of Chairman and CEO with immediate effect. In addition, the group made it official that Joshua Mann, the former CEO, will continue to serve as a non-executive member of the board of directors. It has also come to light that Mann will work with Hempel on asset integrations, and the duo will take the company to the next stage.
The duo will work on enhancing the product portfolio of the group
The former CEO of the company stated that he is looking ahead to working with Hempel to strengthen the company’s product portfolio. Mann added that INDVR Brands Inc. has built a strong foundation with its existing range of products and added that the company is all set to scale to the next level of growth. In addition, the team is confident of the wealth of experience their leader brings with him in the sector, as Hempel is regarded as one of the pioneers in the U.S. Cannabis industry.
INDVR Brands Inc. aims at expanding its famous hemp and cannabis brands throughout North America. The company has a portfolio of award-winning products which have many takers.
Hexo Corp (NASDAQ: HEXO) appoints Chief People and Culture Officer
Hexo Corp (NASDAQ: HEXO), in a statement, announced that Guillaume Jouët would serve as Chief People and Culture Officer. The appointment is effective from September 8 2021. Sebastien St-Louis, CEO, and co-founder, Hexo Corp, said that the workforce is the biggest asset for the company.
The CEO added that the group is happy to have Jouët on board when the company is working on strategies to expand in Canada and spread its wings across the U.S. and globally. In the backdrop of this, Jouët, who is regarded as a vital member of the team, will work on areas like public affairs, communications functions, and human resources. In addition, the group appointed Valerie Malone as its Chief Commercial Officer earlier this month. Malone will work closely with the organization’s marketing, sales, and product development groups and will be responsible for commercial strategy and development.