LOI

Pelorus Equity Group Announces US$77.3M Rollup Debt Financing Letter of Intent on the Heels of Harborside Announcing Business Combination with Urbn Leaf and Loudpack, Creating StateHouse Holdings, a Leading California Cannabis Company

Tuesday, November 30, 2021 - 9:28pm

Following completion of the Transactions, Harborside is expected to be renamed StateHouse Holdings ("StateHouse"), subject to shareholder and regulatory approval.

Key Points: 
  • Following completion of the Transactions, Harborside is expected to be renamed StateHouse Holdings ("StateHouse"), subject to shareholder and regulatory approval.
  • As we continue to scale our assets under management, were now able to provide lending solutions to the largest cannabis companies in the country.
  • "We're excited to be able to fund such a significant rollup in the California market," said Travis Goad, managing partner of Pelorus Equity Group .
  • Pelorus Equity Group is the leading provider of value-add bridge commercial real estate loans in the multi-billion dollar cannabis industry.

Aluf Holdings, Inc.  Enters Into Non-Binding Letter of Intent to Acquire Communications and Information Technology Company Serving Commercial and Government Markets

Tuesday, November 30, 2021 - 1:42pm

There are several steps outlined in the LOI, and after completion of satisfactory due diligence, a definitive agreement will be executed.

Key Points: 
  • There are several steps outlined in the LOI, and after completion of satisfactory due diligence, a definitive agreement will be executed.
  • Subject to the acceptance of the definitive agreement, closing is expected to take place on or before December 31, 2021.
  • Aluf Holdings, Inc. is a publicly traded holding company whose corecompetency is to strategically acquire, manage and propel technology companies into the future.
  • Statements contained in this release that are not historical facts may be deemed to be forward-looking statements.

Franklin Mining to Develop Lithium Mine in Argentina

Tuesday, November 30, 2021 - 1:45pm

Carson City, NV, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Franklin Mining Inc. (OTC Pink: FMNJ) will continue to expand mining operations as CEO William Petty signs another LOI, this time for Lithium.

Key Points: 
  • Carson City, NV, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Franklin Mining Inc. (OTC Pink: FMNJ) will continue to expand mining operations as CEO William Petty signs another LOI, this time for Lithium.
  • Lithium Gold I-II-III is the name of the Lithium mine located in northern Argentina that will be partnering with Franklin Mining.
  • We are excited about entering into this contract because it will give Franklin another piece of rare earth for our future and development, said Mr.
  • For additional information, visit our website at www.FranklinMining.com , Phone: (830)-331-0031, email: FranklinMining.CEO@gmail.com or follow us on Twitter @FMNJ1864.

Red White & Bloom Provides Q3 2021 Financial Results: Revenue Increased $6 Million Over Q3 2020

Tuesday, November 30, 2021 - 12:00pm

As RWB integrates vertically in multiple states, we anticipate that our margins will dramatically increase, enabling us to move toward profitability.

Key Points: 
  • As RWB integrates vertically in multiple states, we anticipate that our margins will dramatically increase, enabling us to move toward profitability.
  • These Michigan facilities generated $93 million in revenue in 2020.
  • At this time, no investee revenue or expenses (other than expenses related to transaction costs) are included in the RWB financial results.
  • RWB projects first full year revenue of $50.8 million from the 30 pods and greenhouse in Apopka.

Bitcoin Self-Miner Griid Infrastructure to List on the NYSE Through Merger With Adit Edtech Acquisition Corp.

Tuesday, November 30, 2021 - 10:01am

The merger between GRIID and Adit EdTech Acquisition Corp. (ADEX) represents a pro forma combined company enterprise value of approximately $3.3 billion.

Key Points: 
  • The merger between GRIID and Adit EdTech Acquisition Corp. (ADEX) represents a pro forma combined company enterprise value of approximately $3.3 billion.
  • CINCINNATI and NEW YORK, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Griid Infrastructure LLC (together with GRIID Holdco (as defined below), GRIID or the Company), a vertically integrated, bitcoin self-mining company, and Adit EdTech Acquisition Corp. (Adit EdTech) (NYSE: ADEX, ADEX.U, and ADEX.WS), a special purpose acquisition company sponsored by an affiliate of Adit Ventures, LLC (Adit), announced today that they have entered into a definitive merger agreement under which Adit EdTech will acquire Griid Holdco LLC (GRIID Holdco), a newly formed holding company and parent of GRIID.
  • David Shrier, CEO of Adit EdTech, added, Carbon-free mining is the future of bitcoin.
  • The proposed transaction has been unanimously approved by the board of directors of Adit EdTech and the board of managers of GRIID Holdco.

NexOptic Technology Corp. and Selten Metal Corp. Enter LOI for Option on NexOptic’s THOR Heavy & Light Rare Earth Element Project, Nevada

Monday, November 29, 2021 - 2:15pm

VANCOUVER, British Columbia, Nov. 29, 2021 (GLOBE NEWSWIRE) -- NexOptic Technology Corp. (NexOptic) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FSE: E3O1) announces that it has entered into a letter of intent (LOI) with Selten Metal Corp. (Selten Metal or Selten, and together with NexOptic, the Companies) whereby Selten Metal can earn a 100% interest in NexOptics wholly owned, THOR Heavy & Light Rare Earth Element Project (the THOR Project).

Key Points: 
  • VANCOUVER, British Columbia, Nov. 29, 2021 (GLOBE NEWSWIRE) -- NexOptic Technology Corp. (NexOptic) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FSE: E3O1) announces that it has entered into a letter of intent (LOI) with Selten Metal Corp. (Selten Metal or Selten, and together with NexOptic, the Companies) whereby Selten Metal can earn a 100% interest in NexOptics wholly owned, THOR Heavy & Light Rare Earth Element Project (the THOR Project).
  • Located in southern Nevada, THOR is 17 miles from what was once the largest rare-earth element (REE) mine in the world, Mountain Pass.
  • Of the 17 rare earth elements, 14 have been discovered at the THOR Project on surface and in historic drilling.
  • Pursuant to the LOI, NexOptic and Selten Metal intend to negotiate a definitive agreement for an option in favour of Selten to acquire up to a 100% interest in the THOR Project (the Option).

InnerScope Hearing Technologies (OTC: INND) Completes Acquisition of Hearing Assist

Monday, November 29, 2021 - 1:00pm

As a result of the acquisition, HearingAssist will continue to operate under Hearing Assist Direct, Inc., InnerScope's wholly owned subsidiary.

Key Points: 
  • As a result of the acquisition, HearingAssist will continue to operate under Hearing Assist Direct, Inc., InnerScope's wholly owned subsidiary.
  • "This acquisition will allow both companies to provide world-class, differentiated hearing technologies to significantly enhance each customer's hearing experience."
  • InnerScope Hearing Technologies Inc. is a leading Direct-to-Consumer (DTC) manufacturer and distributor of FDA-registered hearing aids, hearing assistive devices, hearing health-related products, and Personal Sound Amplifier Products (PSAPs) ("Hearing Products") dedicated to addressing the global demand for affordable hearing solutions.
  • For information related to InnerScope Hearing Technologies latest hearing aids and related hearing products, please visit:

Shawcor Expands Growth Strategy in Automotive and Industrial Segment and Provides Business Update

Monday, November 29, 2021 - 11:30am

"Demand for our products continues to accelerate in the Automotive and Industrial segment as the efforts to electrify our society advance, said Mike Reeves, President and CEO of Shawcor.

Key Points: 
  • "Demand for our products continues to accelerate in the Automotive and Industrial segment as the efforts to electrify our society advance, said Mike Reeves, President and CEO of Shawcor.
  • These actions serve to narrow Shawcors focus to those businesses that are best positioned to benefit from favourable long-term macro trends.
  • Shawcor Ltd. is a growth-oriented, global material sciences company serving the Infrastructure, Energy, and Transportation markets.
  • Its three business segments, Composite Systems, Automotive & Industrial and Pipeline & Pipe Services enable responsible renewal and enhancement of critical infrastructure while lowering risk and environmental impact.

Icanic Brands Provides Update on LEEF Holdings Inc. Acquisition

Friday, November 26, 2021 - 1:00pm

VANCOUVER, British Columbia, Nov. 26, 2021 (GLOBE NEWSWIRE) -- Icanic Brands Company, Inc. (CSE: ICAN, OTCQB: ICNAF) (Icanic Brands or the Company), a multi-state brand operator of premium cannabis brands in California and Nevada, is pleased to provide an update on the LEEF Holdings, Inc. acquisition.

Key Points: 
  • VANCOUVER, British Columbia, Nov. 26, 2021 (GLOBE NEWSWIRE) -- Icanic Brands Company, Inc. (CSE: ICAN, OTCQB: ICNAF) (Icanic Brands or the Company), a multi-state brand operator of premium cannabis brands in California and Nevada, is pleased to provide an update on the LEEF Holdings, Inc. acquisition.
  • The Company and LEEF Holdings, Inc. have been working diligently to provide all necessary materials to prepare for the closing of the transaction.
  • Icanic Brands Company, Inc. is a leading cannabis branded products manufacturer based in California & Nevada, the largest and most competitive cannabis markets in the world.
  • Ganja Gold, Inc., a wholly-owned subsidiary of Icanic Brands Company, Inc. (CSE: ICAN, OTCQB: ICNAF), is the premier brand of infused pre-rolls in the state.

New Wave Signs Letter of Intent to Acquire Pawtocol Holdings

Thursday, November 25, 2021 - 2:00pm

VANCOUVER, British Columbia, Nov. 25, 2021 (GLOBE NEWSWIRE) -- New Wave Holdings Corp. (the “Company” or “New Wave”) (CSE:SPOR, FWB: 0XM2, OTCPK: TRMNF) is pleased to announce that it has entered into a Letter of Intent (the “LOI”), dated effective November, 2021, to acquire all of the outstanding share capital of a private British Columbia corporation (“BCCO”) and indirectly acquire Pawtocol Holdings Corporation (“Pawtocol”), a Delaware corporation (the “Proposed Transaction”).

Key Points: 
  • VANCOUVER, British Columbia, Nov. 25, 2021 (GLOBE NEWSWIRE) -- New Wave Holdings Corp. (the Company or New Wave) (CSE:SPOR, FWB: 0XM2, OTCPK: TRMNF) is pleased to announce that it has entered into a Letter of Intent (the LOI), dated effective November, 2021, to acquire all of the outstanding share capital of a private British Columbia corporation (BCCO) and indirectly acquire Pawtocol Holdings Corporation (Pawtocol), a Delaware corporation (the Proposed Transaction).
  • Pawtocol connects the physical lives of pets and pet owners with the rapidly expanding digital universe to create the worlds most advanced pet community.
  • As a part of its robust ecosystem, Pawtocol will also be revolutionizing the way pets will exist in the metaverse.
  • Investors interested in connecting with New Wave Holdings can learn more about the company and contact the team at http://newwavecorp.com.