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| Big MMJ News Day at SCV: MLCG CNAB MJNA |
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 Hot Stock to Watch
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Company: United Cannabis Corp. (OTCQB: CNAB)
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End of Day:
Price: 0.84
Change (%): - 0.038 (4.33)
Volume: 33,101 |
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United Cannabis Corporation Announces Venture With Jamaica-Based Cannabinoid Research & Development Company Limited
Venture to Focus on Research and Development in Jamaica as the Country's Justice Minister Announces Legislation Has Been Drafted to Decriminalize Medical Marijuana on the Island
DENVER, CO-(Marketwired - Oct 2, 2014) - United Cannabis Corporation (OTCQB: CNAB) (the “Company” or “United Cannabis”) today announced that it has participated with a small group of Jamaicans to form a Jamaican corporation named Cannabinoid Research & Development Company Limited (“CRD” or the “Venture”). The Company owns a fifty percent interest in CRD. The Company participated in the formation of CRD in order to further the Company’s mission of advancing the use of cannabis in medical therapies through biomedical and pharmaceutical research and development, within Jamaica. The Venture has identified a 30,000 square foot facility in Kingston’s industrial zone to serve as its corporate headquarters, but a lease has not yet been signed.
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 Yesterday's Top Performer
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Company: PositiveID Corporation (OTCQB: PSID)
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End of Day:
Price: 0.038
Change (%): + 0.0041 (12.09)
Volume: 4,467,351 |
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PositiveID Corporation Discusses Its Firefly Dx System to Prevent the Spread of Ebola in a New Audio Interview at SmallCapVoice.com
AUSTIN, Texas, Oct. 1, 2014 (GLOBE NEWSWIRE) - SmallCapVoice.com, Inc. today announced it conducted a new audio interview with PositiveID Corporation (“PositiveID” or the “Company”) (OTCQB:PSID), a developer of biological detection and diagnostics solutions. In the interview, which can be heard at http://smallcapvoice.com/blog/10-1-14-smallcapvoice-interview-with-positiveid-corporation-psid, PositiveID’s President Lyle L. Probst discusses how the Company’s Firefly Dx real-time PCR (polymerase chain reaction) testing system could be used to prevent the spread of outbreaks such as Ebola.
“The goal of Firefly is to accurately detect pathogens at the point of need or point of sampling within minutes, thereby eliminating the need to send a sample to a lab and wait hours or even days for test results,” commented Probst. “With Firefly we hope to effectively stop the pandemic spread of diseases like Ebola.”
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SmallCapVoice Clients' News
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Company: Medical Marijuana Inc. (Pink Sheets: MJNA)
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Medical Marijuana, Inc.'s HempMeds Showcases Cannabis For People... and Pets at SupplySide West
HempMeds Introduces Cannabidiol (CBD)-Rich Hemp Oil Raw Ingredient to More Than 13,000 Global Buyers and Manufacturers in Las Vegas
SAN DIEGO, Oct. 3, 2014 (GLOBE NEWSWIRE) - “Cannabis isn’t just for people, it’s for pets, too,” states Andrew Hard, HempMeds™ Director of Public Relations.
HempMeds™ - a Medical Marijuana, Inc. (OTC Pink: MJNA) portfolio company - is the world’s most trusted supplier of CBD-rich hemp oil products. Hard continues, “Cannabidiol or ‘CBD’ is highly sought after by consumers around the world. We are extremely proud to provide a cannabis product as a nutritional supplement to manufacturers of consumer and pet products attending SupplySide West.”
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Medical Marijuana Inc. Announces Second Quarter 2014 Shareholders Report: 20% Growth Quarter-to-Quarter
Company Posts Significant Increase in Sales and Mainstream News Media Reports While Relocating Offices and Expanding Operations
SAN DIEGO, Oct. 2, 2014 (GLOBE NEWSWIRE) - Medical Marijuana Inc. (OTC Pink:MJNA), a leading cannabis and industrial hemp industry innovator, today announced the release of its quarterly financial and shareholders report (Post 09/30/2014 - OTC Markets). The Company had product sales revenues of 4,821,741 compared dollars to 4,017,774 dollars for the prior quarter. Below are the Company’s second quarter 2014 operating and developmental highlights.
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Company: ML Capital Group, Inc. (OTCQB: MLCG)
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ML Capital Group Inc. Files Trademark Application for SuperStar Products and Logo
FOUNTAIN HILLS, AZ-(Marketwired - Oct 3, 2014) - ML Capital Group, Inc. (OTCQB: MLCG) (OTCBB: MLCG), owner of the SuperStar Vapor Pen™, the SuperStar Dispensaries smart phone application, and SuperStar Medical Marijuana Recipe Book, is excited to announce it has filed a trademark application with the United States Patent & Trademark Office (USPTO) for SuperStar Products and the SuperStar logo. In late July, MLCG announced that its trademark for SuperStar Vapor Pen™ was approved and published on July 15, 2014.
ML Capital Group CEO Lisa Nelson stated, “We are very thrilled about adding to our ownership of Trademarked assets that involve the SuperStar name. It sets the foundation for driving our revenue streams on a national scale with our international plans being realized in the near future. This makes our intellectual property and branding strategy rock solid as we will accelerate the utilization of the SuperStar Products brand name for many other complimentary products that are coming to fruition very soon.”
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Other Small Cap News
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Company: ITUS Corporation (OTCQB: ITUS)
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ITUS Subsidiary Receives Claims Construction Ruling
MELVILLE, NY--(Marketwired - October 03, 2014) - ITUS Corporation ("ITUS") (OTCQB: ITUS), a company that builds and protects innovation, today announced that its wholly owned subsidiary, Secure Web Conference Corporation ("SWCC"), received a unfavorable ruling from the US District Court for the Eastern District of New York in its patent infringement lawsuit against Microsoft Corporation in connection with SWCC's patented Key Based Web Conferencing Encryption technology. In its claims construction ruling, the Court construed several key patent claim terms in a manner adverse to SWCC.
Robert Berman, ITUS's President and CEO stated, "I often tell investors that patent infringement lawsuits are highly technical and complicated, which is why so many decisions are over turned on appeal. I also emphasize that our business model is to diversify, so that we are not overly dependent on any one lawsuit. We have 17 other lawsuits across 4 patented technologies, and many more in the pipeline. Although we would have preferred the Court to rule in our favor, the end result is that we have plenty of lawsuits and patented technologies to sustain our business."
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Company: AnythingIT/WeedHire (OTCBB: ANYI)
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New York Post Article "Stoners trade tie-dye T-shirts for Wall Street suits" Says WeedHire.com like the Monster.com for Jobs in the Legal Cannabis Industry
FAIR LAWN, N.J., Oct. 3, 2014 /PRNewswire/ -- AnythingIT/WeedHire (OTCBB: ANYI) today announced that WeedHire.com, the premier jobs site for the legal marijuana industry, was included in a New York Post article "Stoners trade tie-dye T-shirts for Wall Street suits" about the business opportunities and Wall Street interest in the lucrative legal marijuana industry. The article highlights the interest many Wall Street types, such as bankers and lawyers, have in the industry as it continues to expand.
The October 2 article describes WeedHire.com as "the monster.com for jobs in the cannabis industry" and goes on to say that the site "now has more than 350 job listings… [and] 3,600 registered users." The story also states that the site is "attracting high-quality job seekers and features ads for a vast array of positions in security, business and app development and marketing."
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Market News
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By Jeff Cox: CNBC
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US created 248,000 jobs in Sept vs 215,000 est; unemployment rate at 5.9% vs 6.1% est
Job growth bounced back in September after a disappointing August, with the U.S. economy creating 248,000 fresh positions.
The Bureau of Labor Statistics also reported that the unemployment rate fell to 5.9 percent as the labor force participation rate fell to 62.7 percent, its lowest level since February 1978. Taken together, though, the numbers renewed hopes that employment growth is on a sustainable track higher.
In premarket U.S. trading after the report, Wall Street traded sharply higher.
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By Joanna Campione: Yahoo Finance
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World waits on the Fed, the Fed waits on jobs
As the world waits on the Federal Reserve, the Federal Reserve waits on the Labor Department.
Federal Reserve Chair Janet Yellen and her cohorts will be looking closely at Friday’s employment report as they weigh when to begin raising interest rates. The next three monthly jobs reports are crucial for the Federal Reserve, says Joe Brusuelas, chief economist at consulting firm McGladrey. If the Fed is going to start raising rates, Brusuelas says, it’s “going to want to see a real steady improvement in job creation and in the internals of the report.”
Most economists believe the Federal Reserve will start hiking rates in June of next year. Brusuelas thinks the move will begin a little sooner, in March of 2015. One of the most important numbers the Fed is looking for specifically in Friday’s report, Brusuelas believes, is the employment-to-population ratio among 25 to 34 year-olds. The Fed has been disappointed in the housing recovery, says Brusuelas, and needs to see that section of the population working with strong wages which would allow a contribution to the housing market.
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SmallCapVoice (SCV) is an electronic publication. Information sources for our profiles include, but are not limited to, online research, member suggestions, magazines, newspapers, analyst suggestions, information provided by the profiled company, press releases and similar sources. This communication is not an offer to sell or a recommendation that you buy or sell any security. SCV holds no securities licenses and is not qualified to provide investment advice. We are compensated for these advertisements by the profiled companies. You should not use this newsletter as the sole basis for any investment decision. While all investments involve risk, microcap stocks are among the most risky. Many microcap companies have no proven track record. You should only invest in microcap companies if you can afford to lose your entire investment. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. These profiles are paid advertisements. Although we have a reasonable belief that the information in each profile is accurate, we cannot guarantee that the information is accurate. It is important for you to verify all information by your own independent research. You are receiving this message because you have agreed to receive emails from SmallCapVoice.com. You may opt out of our distribution list at any time by clicking on the "unsubscribe" link below. Link to full disclosure about compensation paid to SmallCapVoice.com, Inc. by companies featured on our website or in our e-mail communications. |
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