Posts

Posted on

LiveXLive’s PodcastOne Signs Global Music Sensation Anitta To An Exclusive Podcast Deal

Combined Social Media Followers of 91 Million and Video Views Topping 5 Billion

PR Newswire

LOS ANGELES, Jan. 12, 2021 /PRNewswire/ — PodcastOne, a leading podcast platform and a subsidiary of LiveXLive Media (NASDAQ: LIVX) (“LiveXLive”), announced today that it has signed worldwide global superstar Anitta to an exclusive podcast.

Anitta to the PodcastOne roster of talent

Anitta’s rise in music began in 2013 with the launch of her debut album, Anitta, which garnered the star her first Latin Grammy nomination leading Forbes Magazine to predict her future as a global superstar and within a year she was named the most listened to female artist on Spotify Brazil. The music video for her single, “Bang,” has over 300 million views on YouTube, making Anitta the only Brazilian female singer to have achieved the milestone and her video for “Vai Malandra” set a record as the most viewed video within 24 hours in Brazil when it debuted on the streaming platform. To date, the singer has released 4 studio albums with a 5th planned for 2021 and has collaborated with top artists from around the world such as Maluma, Cardi B, Myke Towers, and J Balvin. Anitta’s musical successes have translated into a massive social media following with over 14 million followers on YouTube with video views surpassing 5 billion, 15 million followers on Facebook, almost 12 million on Twitter and over 50 million on Instagram.

The addition of Anitta to the PodcastOne roster of talent further solidifies the network’s dedication to offer culturally diverse entertainment available to listeners and comes on the heels of the recently launched podcast and vodcast “From Negative to Positive” from global music star, Pitbull.  The signing also further establishes the cohesive working relationship between PodcastOne and parent company, LiveXLive.

About Anitta
Since breaking through in Brazil six years ago, Anitta has become the leading artist of a new generation of Latin American music. As the biggest ever global female popstar to come from Brazil, she has amassed over 50 million Instagram followers and over 14 million YouTube subscribers garnering more than 5 billion views. Anitta has been named among the world’s 15th most influential musicians on social media by Billboard. In July 2013, she released her self-titled first album, ANITTA, which consisted of 14 new tracks most of which were written by her. Anitta’s second album, RITMO PERFEITO, was released in July 2014, followed by her third album, BANG, in 2016. The album contained 15 original tracks and the music video for the album’s title song, “Bang,” has garnered over 400 million views since its release. Her latest album, KISSES, was released in April 2019 and marks Anitta’s first trilingual album with songs in Spanish, Portuguese, and English. KISSES was nominated for “Best Urban Album” at the 2019 Latin GRAMMY Awards. Since 2014, Anitta has been named “Best Brazilian Act” at the MTV Europe Music Awards for five consecutive years. She was a highlight of the 2016 Rio Olympic Games’ Opening Ceremony, where she performed alongside Brazilian singer/songwriters Gilberto Gil and Caetano Veloso. Anitta has graced the covers of countless magazines including Vogue Brazil, Marie Claire Brazil, GQ Mexico, and GQ Brazil. Anitta has worked with the likes of Madonna, Major Lazer, J Balvin, Diplo, Ozuna, and Maluma among others. Most recently she released “Me Gusta – Remix” feat. Cardi B & 24GOLDN following “Me Gusta” feat. Cardi B and Myke Towers, “Tócame” feat. Arcangel & De La Ghetto and “Fuego” with DJ Snake and Sean Paul. Anitta is currently in the studio recording her 5th album, which will be in English, Spanish and Portuguese.

About PodcastOne
PodcastOne is a leading advertiser-supported podcast company, offering a 360-degree solution for both content creators and advertisers, including content development, brand integration and distribution.  Acquired by LiveXLive Media in 2020, the two entities have subsequently teamed to create a new video podcast (Vodcast) network under the LiveXLive umbrella.  Amassing more than 2.25 billion downloads per year with 400+ episodes distributed per week across a stable of hundreds of top podcast programs, including influencer talent like Adam Carolla, Kaitlyn Bristowe, Steve Austin, Brett Favre, Tip “T.I.” Harris, Armando “Pitbull” Perez, Jordan Harbinger, Heather Dubrow, The LadyGang, Dr. Drew, Chael Sonnen and hundreds more. Its shows are distributed across its own platform as well as LiveXLive’s owned-and-operated channels on mobile, mobile web, desktop and SmartTV’s.  PodcastOne is the brainchild of Radio Hall of Famer, Norm Pattiz, also the founder of Network Radio-giant, Westwood One.

About LiveXLive Media, Inc.
Headquartered in Los Angeles, California, LiveXLive Media, Inc. (NASDAQ: LIVX) (the “Company”) (pronounced Live “by” Live) is a global platform for livestream and on-demand audio, video and podcast content in music, comedy, and pop culture. LiveXLive, which has streamed over 1,800 artists since January 2020, has become a go-to partner for the world’s top artists and celebrity voices as well as music festivals concerts, including Rock in Rio, EDC Las Vegas, and many others. In April 2020, LiveXLive produced its first 48-hour music festival called “Music Lives” with tremendous success as it earned over 50 million views and over 5 billion views for #musiclives on TikTok on 100+ performances. LiveXLive’s library of global events, video-audio podcasts and original shows are also available on Amazon, Apple TV, Roku and Samsung TVs in addition to its own app, destination site and social channels. The Company’s wholly-owned subsidiary, PodcastOne, generates more than 2.25 billion downloads per year with 400+ episodes distributed per week across a stable of hundreds of top podcasts. For more information, visit www.livexlive.com and follow us on Facebook, Instagram, TikTok, Twitter at @livexlive, and YouTube.

Forward-Looking Statements
All statements other than statements of historical facts contained in this press release are “forward-looking statements,” which may often, but not always, be identified by the use of such words as “may,” “might,” “will,” “will likely result,” “would,” “should,” “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “continue,” “target” or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: the Company’s reliance on one key customer for a substantial percentage of its revenue; the Company’s ability to consummate any proposed financing, acquisition or transaction, the timing of the closing of such proposed event, including the risks that a condition to closing would not be satisfied within the expected timeframe or at all, or that the closing of any proposed financing, acquisition or transaction will not occur or whether any such event will enhance shareholder value; the Company’s ability to continue as a going concern; the Company’s ability to attract, maintain and increase the number of its users and paid subscribers; the Company identifying, acquiring, securing and developing content; the Company’s ability to maintain compliance with certain financial and other covenants; the Company successfully implementing its growth strategy, including relating to its technology platforms and applications; management’s relationships with industry stakeholders; the effects of the global Covid-19 pandemic; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of the Company’s subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2020, filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 26, 2020, Quarterly Report on Form 10-Q for the quarter ended September June 30, 2020, filed with the SEC on November 16, 2020, and in the Company’s other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof and the Company disclaims any obligations to update these statements, except as may be required by law. The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.


Press Contact:

For PodcastOne
310.246.4600
[email protected]


LiveXLive IR Contact:

310.601.2500
[email protected]

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/livexlives-podcastone-signs-global-music-sensation-anitta-to-an-exclusive-podcast-deal-301206523.html

SOURCE LiveXLive Media, Inc.

Posted on

Sierra Wireless Selects Zenoss for Intelligent IoT Systems Monitoring

AIOps and Full-Stack Monitoring Give Company End-to-End Visibility

PR Newswire

AUSTIN, Texas, Jan. 12, 2021 /PRNewswire/ — Zenoss Inc., a leader in intelligent application and service monitoring, today announced Sierra Wireless, a leading IoT solutions provider, has selected Zenoss Cloud for a customizable single view of its growing and increasingly complex hybrid cloud environment and to provide actionable, prescriptive insights by tracking dynamic interdependencies and predicting service disruptions before they ever occur.

“The continuous growth of our IoT ecosystem and our focus on quality of service require a carrier grade monitoring infrastructure,” said Fabrice Cairaschi, senior director of network operations at Sierra Wireless. “The implementation of Zenoss led to improved service reliability and delivery. Additionally, Zenoss was easy to deploy and manage, enabling us to focus on our results and analytics instead of the software itself.”


Zenoss Cloud
 is the first SaaS-based intelligent application and service monitoring platform that streams and normalizes all machine data, uniquely enabling the emergence of context for preventing service disruptions in modern multicloud environments. This is especially critical in massive, complex IoT environments. To learn more about how Zenoss integrates with Google Cloud, AWS, Azure and other cloud and on-premises IT environments, visit https://www.zenoss.com/product.

“Zenoss is uniquely enabling customers to optimize infrastructure performance in the most complex IT environments, including for IoT,” said Greg Stock, CEO of Zenoss. “We’re extremely proud to be trusted by Sierra Wireless as they continue delivering innovative IoT solutions that help their customers accelerate business in today’s connected economy.”

About Sierra Wireless
Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is the leading IoT solutions provider that combines devices, connectivity and cloud management to unlock maximum value in the connected economy. Companies globally are adopting IoT to improve operational efficiency, create better customer experiences, improve their business models and create new revenue streams. Whether it is a solution to help a business securely connect edge devices to the cloud, or a software/API solution to manage processes associated with billions of connected assets, or a platform to extract real-time data to make better business decisions, Sierra Wireless will work with you to create the right industry-specific solution for your next IoT endeavor. Sierra Wireless operates a 24/7/365 Global Network Operation Center (GNOC) and R&D centers in North America, Europe and Asia. For more information, visit www.sierrawireless.com.

Connect with Sierra Wireless on the IoT Blog at http://www.sierrawireless.com/iot-blog, on Twitter at @SierraWireless, on LinkedIn at http://www.linkedin.com/company/sierra-wireless and on YouTube at http://www.youtube.com/SierraWireless

“Sierra Wireless” is a registered trademark of Sierra Wireless. Other product or service names mentioned herein may be the trademarks of their respective owners.

About Zenoss
Zenoss works with the world’s largest organizations to ensure their IT services and applications are always on. Delivering full-stack monitoring combined with AIOps, Zenoss uniquely collects all types of machine data, including metrics, dependency data, events, streaming data and logs, to build real-time IT service models that train machine learning algorithms to deliver robust AIOps analytics capabilities. This enables IT Ops and DevOps teams to optimize application performance, predict and eliminate outages, and reduce IT spend in modern hybrid IT environments. Zenoss is recognized as a Leader in The Forrester Wave™: Intelligent Application and Service Monitoring, Q2 2019 and is recognized in the 2019 Gartner Market Guide for AIOps Platforms. For more information about Zenoss, please visit https://www.zenoss.com.

Zenoss Media Contact

Jill Ford


[email protected]

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/sierra-wireless-selects-zenoss-for-intelligent-iot-systems-monitoring-301206260.html

SOURCE Zenoss Inc.

Posted on

Surge in North American deals drives the global M&A market to rebound in Q4 of 2020

As COVID-19 dragged M&A activity to its lowest level in years, NA buyers recorded their best quarter-on-quarter performance

ARLINGTON, Va., Jan. 12, 2021 (GLOBE NEWSWIRE) — Global mergers and acquisitions (M&A) activity in 2020 fell to its lowest level since the aftermath of the financial crisis over a decade ago. This, despite a surge in deal making in the final three months, according to latest research on completed deals from leading global advisory, broking and solutions company Willis Towers Watson’s Quarterly Deal Performance Monitor (QDPM).

Data from the QDPM, run in partnership with the M&A Research Center at The Business School (formerly Cass), reveal companies worldwide completed just 674 deals valued over $100 million in 2020,1 significantly less than the previous year (774) and the lowest annual volume since 2009 (322). Acquirers worldwide have now on average failed to add value from transactions for four consecutive years, based on share price performance, having underperformed the Global Index by –1.9 percentage points over the past year.

Despite the stifling impact of COVID-19 on M&A activity for much of 2020, the QDPM data revealed a sharp rise in volume in the final quarter with 246 deals completed worldwide, compared with 210 in Q4 2019, including the highest ever number of large deals2 completed in a final quarter (61). This resurgence has so far been driven by a strong uptick in activity by North American buyers with a record number of deals (136) for a final quarter, matched by the region’s first positive quarterly performance (+5.9 percentage points) in three years.

“2020 was unlike anything we’ve ever seen, fueled by an enduring pandemic, massive economic uncertainty, a highly divisive U.S. presidential election and rising geopolitical tensions,” said Duncan Smithson, senior director, M&A, Willis Towers Watson. “While the world in 2021 remains a volatile place, pent-up demand, ample funding, ultralow interest rates and confidence returning to boardrooms indicate conditions are ripe for one of the biggest M&A years on record.”

European buyers maintained their resilient form by outperforming their regional index by +5.3 percentage points in Q4, while U.K. acquirers continued to shrug off Brexit challenges by beating the European Index by +4.1 percentage points for the full year. Market conditions in the Asia Pacific region remain volatile following a negative quarterly performance of –8.7 percentage points.

Global M&A deals — Annual performance

  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Average annual performance (percentage points)* 4.0 2.7 –0.7 4.5 5.5 10.1 5.4 –1.3 –3.0 –5.0 –1.9

*The figures in the table show the annual median-adjusted performance of all acquirers.

“The pandemic demonstrated a need for companies to double-down on efforts to adopt innovation into existing business models and focus on a digital approach to build new routes to market,” said Smithson. “Following a roller-coaster year for M&A, firms will build resilience to withstand future shocks or crises, with an increasing number of transactions across all sectors focused on diversification and capturing long-sought-after capabilities.

“That said, deal makers should not assume a corner has been turned, with uncertainty set to remain. It will be as critical as ever for acquirers to pick their targets carefully for growth, before jumping into a deal if they are to give themselves the best chance of success. A dedicated focus on HR and people-related risks during due diligence and integration can help achieve this,” Smithson concluded.

Willis Towers Watson QDPM methodology

  • All analysis is conducted from the perspective of the acquirer.
  • Share price performance within the quarterly study is measured as a percentage change in share price from six months prior to the announcement date to the end of the quarter.
  • All deals where the acquirer owned less than 50% of the shares of the target after the acquisition were removed; hence, no minority purchases have been considered. All deals where the acquirer held more than 50% of target shares prior to the acquisition have been removed; hence, no remaining purchases have been considered.
  • Only completed M&A deals with a value of at least $100 million that meet the study criteria are included in this research.
  • Deal data are sourced from Refinitiv.

ABOUT WILLIS TOWERS WATSON

Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 45,000 employees serving in more than 140 countries and markets. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.

MEDIA CONTACT

Ed Emerman: +1 609 240 2766
[email protected]

1 The M&A research tracks the number of completed deals over $100 million and the share price performance of the acquiring company against the MSCI World Index, which is used as default, unless stated otherwise.
2 Completed M&A deals with a value between $1 billion and $10 billion.



Posted on

GM Launches BrightDrop, a New Business That Will Electrify and Improve the Delivery of Goods and Services

PR Newswire

DETROIT, Jan. 12, 2021 /PRNewswire/ —

  • GM’s new business will offer an integrated ecosystem of electric products, software and services for the first to last mile
  • BrightDrop’s electric pallet, the EP1, will be available in early 2021, and its electric light commercial vehicle, the EV600, will be on roads in late 2021
  • BrightDrop introduces GM’s Ultium platform to the commercial vehicle segment, and features
    Level 2 and DC fast charging capabilities
  • FedEx Express will be the first customer of the new, integrated solution

General Motors announced today a new business, BrightDrop, which will offer an ecosystem of electric first-to-last-mile products, software and services to empower delivery and logistics companies to move goods more efficiently. These BrightDrop solutions are designed to help businesses lower costs, maximize productivity, improve employee safety and freight security, and support overall sustainability efforts.

“BrightDrop offers a smarter way to deliver goods and services,” said Mary Barra GM Chairman and CEO. “We are building on our significant expertise in electrification, mobility applications, telematics and fleet management, with a new one-stop-shop solution for commercial customers to move goods in a better, more sustainable way.”

BrightDrop was born out of GM’s Global Innovation organization and joins the lineup of other recently launched Global Innovation startups, such as OnStar Insurance, OnStar Guardian and GM Defense. From a growth strategy standpoint, this new business will unlock areas of B2B, expansion of the Ultium platform and software and service opportunities.

GM estimates that by 2025, the combined market opportunity for parcel, food delivery and reverse logistics in the U.S. will be over $850 billion. According to the World Economic Forum, demand for urban last-mile delivery, fueled by e-commerce, is expected to grow by 78 percent by 2030, leading to a 36 percent increase in delivery vehicles in the world’s top 100 cities. At the same time, this increase in demand is expected to cause delivery-related carbon emissions to rise by nearly one-third.

To help meet this surge in demand, while reducing the impact on the planet, BrightDrop is developing an integrated set of solutions to help improve almost every aspect of first-to-last-mile delivery. The BrightDrop ecosystem includes:


First-to-last-mile products

BrightDrop EP1 – BrightDrop’s first product to market, the EP1, will be a propulsion-assisted, electric pallet developed to easily move goods over short distances – for example, from the delivery vehicle to the customer’s front door. Available in early 2021, the EP1 can help reduce package touch points, costs and physical strain on delivery drivers. EP1 features and benefits include:

    • Built-in electric hub motors with adjustable speed up to 3 mph depending on operator’s walking pace.
    • Maneuverable in tight spaces. 
    • Carries and secures approximately 23 total cubic feet of cargo.
    • Payload capacity of 200 pounds.
    • Adjustable shelving organizes contents.
    • Lockable cabinet doors allow for secure, remote access to contents.

BrightDrop EV600 – BrightDrop’s second product to market will be the EV600 — an electric light commercial vehicle purpose-built for the delivery of goods and services over long ranges. It will combine zero-emissions driving with a range of advanced safety and convenience features more common in consumer electric vehicles. EV600 features and benefits include:

    • Powered by the Ultium battery system, the EV600 is targeted to have an estimated range of up to 250 miles on a full charge 1.
    • Peak charge rate of up to 170 miles of EV range per hour via 120kW DC fast charging.
    • Over 600 cubic feet of cargo area.
    • Available at a GVWR of less than 10,000 pounds.
    • Segment leading safety features
      • Standard safety features2 include: Front and Rear Park Assist, Automatic Emergency Braking, Forward Collision Alert, Following Distance Indicator, Front Pedestrian Braking, Lane Keep Assist with Lane Departure Warning, IntelliBeam automatic high beams and HD Rear Vision Camera.
      • Additional available safety and driver assistance features include: Rear Cross Traffic Braking, Blind Zone Steering Assist, Reverse Automatic Braking, HD Surround Vision, Rear Pedestrian Alert, Enhanced Automatic Emergency Braking, among others.
    • Cargo area security system with motion sensors to help keep cargo secure.
    • A 13.4-inch-diagonal, full-color infotainment screen.
    • Front sliding pocket doors, wide cabin walkways and a large auto-open cargo bulkhead door all contribute to optimize driver efficiency.

Early customer interest in the EV600 has been strong, with the first vehicles to be delivered by the end of this year. BrightDrop expects to make the EV600s available to more customers to order starting in early 2022.


Software-enabled services

BrightDrop offers an integrated, cloud-based software platform, which provides customers visibility and access to their BrightDrop products through both web and mobile interfaces. Built-in connectivity provides businesses with detailed data and insights that can help improve overall operations, including route efficiency, asset utilization and product upgrades. Drivers and couriers can utilize the mobile application for a variety of tasks.

BrightDrop mobile asset management – EP1 connectivity provides customers real-time features, including location monitoring, battery status, remote commands to lock and unlock, and over-the-air updates of connected features.

BrightDrop EV fleet management – EV600 connectivity provides fleet operators remote access, real-time location, battery and charging management, driver safety coaching and incident recording, remote diagnostics, safety alerts and predictive maintenance insights, and over-the-air updates.


Future concepts

 – The EP1 and EV600 are only the beginning. BrightDrop will continue to grow its product offerings over time to include a portfolio of integrated, zero-emissions products to help drive further efficiencies and address emerging customer needs. A number of concepts are being explored, such as a medium-distance solution that transports multiple EP1s, and a rapid load delivery vehicle concept.


Innovating with FedEx Express

BrightDrop is the result of extensive research and listening to challenges faced by delivery customers and then leveraging GM expertise to develop real-life solutions. An EP1 pilot program has already been completed in partnership with FedEx Express. During the pilot, FedEx Express couriers were able to effectively and safely handle 25 percent more packages per day with the EP1s. FedEx Express couriers shared feedback that the EP1s were easy to maneuver and reduced physical strain.

With plans to continue innovating, BrightDrop and FedEx Express have another pilot scheduled to take place in one of the biggest urban centers of the U.S. this quarter. FedEx Express is also slated to be the first customer of the EV600, receiving their vehicles later this year.

“Our need for reliable, sustainable transportation has never been more important,” said Richard Smith, FedEx Express regional president of the Americas and executive vice president of global support. “BrightDrop is a perfect example of the innovations we are adopting to transform our company as time-definite express transportation continues to grow. With this new suite of products, we will help improve the safety, security and timeliness of FedEx Express deliveries, while reducing our environmental impact and protecting the well-being of our couriers.”


BrightDrop operations

Travis Katz has joined BrightDrop as president and CEO from venture capital firm Redpoint Ventures where he was an entrepreneur-in-residence. Katz has an extensive background as a technology leader, entrepreneur and investor. This, combined with his track record of scaling global businesses, will help BrightDrop further GM’s vision of zero crashes, zero emissions and zero congestion.

BrightDrop will initially serve customers in the U.S. and Canada. It will have a customer support team to assist with every aspect of operating and servicing BrightDrop products, including supporting charging and infrastructure installation, advising on upfitting services, and retrofitting a current fleet vehicle to integrate with BrightDrop products. BrightDrop support services will also assist with maintenance needs, including securing parts and scheduling repairs.

Customers will connect with BrightDrop through an independent sales and service network, leveraging a newly established BrightDrop dealer network to support vehicle sales and service.

For more information on BrightDrop and its products and services, visit gobrightdrop.com.

General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which powers everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Baojun and Wuling brands. More information on the company and its subsidiaries can be found at https://www.gm.com.

1GM estimate based on a full charge and subject to change prior to production.  GM Estimated range based on current capability of analytical projection consistent with SAE J1634 revision 2017 – MCT. Actual range will vary based on several factors, including temperature, terrain, battery age, loading, and how you use and maintain your vehicle. 

2Safety or driver assistance features are no substitute for the driver’s responsibility to operate the vehicle in a safe manner.  The driver should remain attentive to traffic, surroundings and road conditions at all times.  Visibility, weather, and road conditions may affect feature performance. Read the vehicle’s owner’s manual for more important feature limitations and information.

 

Cision View original content:http://www.prnewswire.com/news-releases/gm-launches-brightdrop-a-new-business-that-will-electrify-and-improve-the-delivery-of-goods-and-services-301206532.html

SOURCE General Motors Co.

Posted on

MedMen Announces Additional US$10 Million Senior Secured Convertible Note Financing Under Gotham Green Facility

MedMen Announces Additional US$10 Million Senior Secured Convertible Note Financing Under Gotham Green Facility

LOS ANGELES–(BUSINESS WIRE)–
MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF), a leading cannabis retailer with operations across the U.S., today announced the closing of US$10,000,000 in additional gross proceeds under its senior secured convertible facility (the “Facility“) led by funds affiliated with Gotham Green Partners (“GGP“) together with certain additional amendments to the facility and to the securities previously issued thereunder.

“We are excited to announce continued support from Gotham Green Partners as we continue to execute on our turnaround plan and look to grow our business,” said MedMen Chairman and Interim CEO, Tom Lynch.

The Company has been advanced an additional US$10,000,000 in gross proceeds (the “Third Restatement Advance”) under the amendments to the Facility. In connection with the Third Restatement Advance, the Company also issued to the lenders 62,174,567 share purchase warrants of the Company (the “Third Restatement Warrants”), each of which is exercisable to purchase one Share for a period of five (5) years from the date of issuance at an exercise price equal to US$0.1608 per Share. In connection therewith, the Company is co-issuing, with its subsidiary MM CAN USA, Inc., additional senior secured convertible notes (the “Notes”) to the lenders under the Facility in an aggregate principal amount equal to the Third Restatement Advance with a conversion price per Class B Subordinate Voting Share (each a “Share“) equal to US$0.1608. As consideration for the purchase of the additional Notes pursuant to the increase in the size of the Facility, and for certain other amendments to the Facility, including certain covenant relief (collectively, the “Amendments“), participating lenders will receive a US$937,127 fee, to be paid in Notes with a conversion price of US$0.1608 per Share (the “Restatement Fee Notes”).

As further consideration for the Amendments, the conversion price for 28% of the existing Notes outstanding prior to Tranche 4 and the Incremental Advances thereunder (including paid-in-kind interest accrued on such Notes), being 28% of an aggregate principal amount of US$168,051,606, was amended to US$0.17 per Share. The Company cancelled 2,160,507 share purchase warrants of the Company (the “Existing Warrants”) held by holders of the existing Notes and, in exchange, issued 41,967,832 share purchase warrants of the Company (the “Replacement Warrants”) with an exercise price equal to US$0.1608 per Share.

The Notes issued in connection with the Third Restatement Advance, the Restatement Fee Notes, the Third Restatement Warrants, the Replacement Warrants and any Shares issuable as a result of conversion or exercise of the same, will be subject to a hold period from the date of issuance of such Notes or such Warrants as applicable, including under applicable United States securities laws, and will be subject to “down-round” price adjustment provisions under the Facility.

The Facility was amended to include, among other things, a modification to the minimum liquidity covenant, which extends the period during which it is waived from December 31, 2020 to June 30, 2021. The minimum liquidity threshold resets to US$7.5 million effective on July 1, 2021 through December 31, 2021, and US$15.0 million thereafter, with the minimum liquidity covenant to be waived if the Company is current on cash interest. Further, covenants with regards to non-operating leases, capital expenditures and corporate SG&A will now be tied to a Board of Directors approved budget.

As a result of issuances under the unsecured convertible debenture facility announced on September 16, 2020, under the terms of the Facility prior to the Amendment, a total of approximately US$63.9 million of Convertible Notes have also had their conversion prices reduced to US$0.1529 per Share. Following this re-pricing and the Amendments, the Convertible Notes and the warrants held by the lenders under the Facility are convertible or exercisable into an aggregate of 1,332,311,349 Shares.

Related Party Transaction

The Amendments, including the issuances of the securities related thereto, are considered to be a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) as GGP and its controlled funds are related parties to the Company. Unless there is an exemption, the Company would ordinarily be required to obtain a formal valuation and “minority approval”, being approval of disinterested shareholders of the Company, with respect to Amendments. As reported in the Company’s Unaudited Interim Condensed Consolidated Financial Statements for the Three Months Ended September 26, 2020 and September 28, 2019, the Company’s accumulated deficit and a negative net working capital (current liabilities greater than current assets) as of September 26, 2020, as well as a net loss and negative cash flow from operating activities for the reporting period then ended raise substantial doubt about the Company’s ability to continue as a going concern. The Company is relying on the exemption from a formal valuation available in section 5.5(b) of MI 61-101 and the exemption from minority approval exemption available in section 5.7(e) of MI 61-101. The Company meets the requirements set out section 5.5(b) of MI 61-101 because the Shares are only traded on the facilities of the Canadian Securities Exchange. The Company meets the requirements set out in section 5.7(e) of MI 61-101 based on the board of directors of the Company, acting in good faith, having determined, and the Company’s independent directors, acting in good faith, unanimously having determined that the Company is in serious financial difficulty, that the Amendments are designed to improve the Company’s financial position, and that the Amendments are reasonable in the Company’s circumstances. The material change report for the Amendments will not be filed more than 21 days prior to closing, as the transactions that constitute the related party transaction were effectively closed upon of execution of the Amendments, and until execution, there was no material change that could be disclosed.

Funds from Asset Sales

On July 1, 2020, the Company executed definitive agreements to sell its Evanston retail store for total consideration of US$20.0 million. During the first quarter of fiscal 2021, the Company received US$10.0 million of the total consideration and during the second quarter of fiscal 2021 the next US$8.0 million of total consideration paid was transferred to the lenders under the Facility to paydown the Convertible Notes, as agreed to under the lender and landlord support agreement announced on July 3, 2020. Upon receipt, the final US$2.0 million of total consideration will be used to paydown the Convertible Notes.

Additional Information

Please refer to the Company’s news releases dated March 30, 2020, July 3, 2020 and September 16, 2020 and to other documents available on the Company’s profile at www.sedar.com for additional details regarding the Facility, including the amendments made thereto.

The securities issued in the financing commitments have not been registered under the Securities Act of 1933, as amended, or any state or other applicable jurisdiction’s securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state or other jurisdictions’ securities laws.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

ABOUT MEDMEN:

MedMen is North America’s leading cannabis retailer with flagship locations in Los Angeles, Las Vegas, Chicago, and New York. MedMen offers a robust selection of high-quality products, including MedMen-owned brands [statemade], LuxLyte, and MedMen Red through its premium retail stores, proprietary delivery service, as well as curbside and in-store pick up. MedMen Buds, an industry-first loyalty program, provides exclusive access to promotions, product drops and content. MedMen believes that a world where cannabis is legal and regulated is safer, healthier and happier. Learn more about MedMen and The MedMen Foundation at www.medmen.com.

Cautionary Note Regarding Forward-Looking Information and Statements:

This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only MedMen’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of MedMen’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “expects”, “believes”, or variations of words and phrases implying that certain actions, events or results “may”, “could”, “would”, “might”, “will be taken”, “will continue”, “will occur” or “will be achieved”. This forward-looking information is based on certain assumptions made by management and other factors used by management in developing such information. The forward-looking statements contained in this release include statements regarding the Amendments improving the Company’s financial position.

Forward-looking information and statements are not a guarantee of future performance and are based upon estimates and assumptions of management at the date the statements are made, including among other things, estimates and assumptions about contemplated dispositions being completed on current terms and current contemplated timelines; the ability to satisfy operational and financial covenants under the Company’s existing debt obligations and leases; achieving the anticipated results of the Company’s strategic plans; the amount of savings expected from cost-cutting measures and divestitures of non-core assets; the ability to manage anticipated and unanticipated costs; the ability to raise sufficient capital to advance the business of the Company and to fund planned operating and capital expenditures; the ability to sustain negative operating cash flows until profitability is achieved; and political, legislative and regulatory stability.

Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks and uncertainties related to the recent outbreak of COVID-19 and the impact it may have on the global economy and retail sector, particularly the cannabis retail sector in the states in which the Company operates, and on regulation of the Company’s activities in the states in which it operates, particularly if there is any resurgence of the pandemic in the future; changes in internal and external factors resulting in the inability to satisfy operational and financial covenants under the Company’s existing debt obligations and leases, and other ongoing obligations as they become payable, including the failure to comply with the covenants under the Facility or other credit agreements leading to defaults or enforcement against Company assets thereunder; the inability of management to successfully execute on the plans on the planned timetable; the inability to complete or delays in completing proposed dispositions, including as a result of the inability to obtain required regulatory approvals and third-party consents or failure to satisfy other conditions to such proposed dispositions; the loss of markets or market share; the permanent or temporary loss of licenses and permits reducing revenues; the dilutive impact of raising additional financing through equity or convertible debt, or from repricing existing share issuance obligations, such as those associated with the Facility, or issuing new share issuances obligations in connection with the Facility, given the decline in the Company’s share price; the inability to access sufficient capital from internal and external sources; the inability to access sufficient capital on favorable terms; adverse future legislative and regulatory developments involving medical and recreational marijuana; the risks of operating in the marijuana industry in the United States; adverse changes in tax laws; increasing competition; interest rate fluctuations; and those other risk factors discussed in the Company’s Form 10 (as amended), and other continuous disclosure filings, all available under the Company’s profile on www.sedar.com.

The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and MedMen does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

Forward-looking statements contained in this news release are expressly qualified by this cautionary note.

SOURCE: MedMen Enterprises

MEDIA CONTACT:

Tracy McCourt

MedMen

Chief Revenue Officer

Email: [email protected]

INVESTOR RELATIONS CONTACT:

Reece Fulgham

MedMen

Interim Chief Financial Officer

Email: [email protected]

KEYWORDS: California United States North America Canada

INDUSTRY KEYWORDS: Agriculture Natural Resources Retail Tobacco Specialty

MEDIA:

Logo
Logo
Posted on

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of Social Capital Hedosophia Holdings Corp. V Merger

WILMINGTON, Del., Jan. 12, 2021 (GLOBE NEWSWIRE) —

Rigrodsky
Law
, P.A. announces that it is investigating Social Capital Hedosophia Holdings Corp. V (“SCH”) (NYSE: IPOE) regarding possible breaches of fiduciary duties and other violations of law related to SCH’s agreement to merge with Social Finance, Inc.

To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-social-capital-hedosophia-holdings-corp-v.

You may contact Seth D. Rigrodsky or Gina M. Serra cost and obligation free at (888) 969-4242 or [email protected].

Rigrodsky
Law, P.A. with offices in Delaware and New York, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in securities fraud and corporate class actions nationwide.

Attorney advertising.  Prior results do not guarantee a similar outcome.

CONTACT:         

Rigrodsky Law, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242 (Toll Free)
(302) 295-5310
Fax: (302) 654-7530
[email protected]
https://rl-legal.com



Posted on

Horizon Kinetics Launches Inflation Beneficiaries Exchange Traded Fund (INFL)

Horizon Kinetics Launches Inflation Beneficiaries Exchange Traded Fund (INFL)

NEW YORK–(BUSINESS WIRE)–
Horizon Kinetics LLC announced the launch of its first exchange traded fund (ETF), the Inflation Beneficiaries ETF (INFL), an actively managed fund, which began trading on the New York Stock Exchange (NYSE) today.

This active ETF will be managed using the same long-term, value-oriented, and proprietary research-driven philosophy that has guided the management of the Firm’s other products over the more than 20 years since Horizon Kinetics’ inception. The ETF seeks to address what Horizon Kinetics sees as the largest threat facing investors: Inflation, by identifying unique, scalable businesses that have the potential to thrive in an inflationary environment. For more information about INFL, please visit https://horizonkinetics.com/products/etf/infl/.

“This is our first ETF, and we are launching it because we see an urgent need for a mechanism for inflation protection in the market. For some time, I have seen signs that we are moving toward an inflationary environment, and this trend has been accelerating of late. Debt levels have continued to rise, and central banks are loathe to raise interest rates (for good reason). In our opinion, this leaves the creation of more money – inflation and currency debasement – as the most likely outcome. So, we are launching an ETF that seeks to be positioned to benefit in an inflationary environment. Importantly we do not think that inflation is required for the fund to perform well. Even if our expectation turns out to be incorrect, we think the lack of exposure to inflation beneficiaries in the major indexes could make the Fund a valuable diversification vehicle. It is actively managed, because, as we have written for years, indexes have had a tendency to become top-heavy over time, which decreases diversification in the index. We wish to have the ability to maintain the diversification that most investors believe that they are getting when they invest in an index,” said Murray Stahl, Founder, CEO, and Chief Investment Officer at Horizon Kinetics.

“This portfolio is designed to provide a full cycle inflation exposure, and seeks to thrive under many different inflation scenarios. We believe this is possible because the Fund emphasizes companies that have exposure to inflationary underlying assets, yet do not have high capital intensity. We believe these ‘asset light’ businesses have the ability to profitably endure low inflation for extended periods of time, compounding asset value and economic returns. Our research leads us to conclude that there is truly no other product like this in the market, and it represents something we believe all investors should consider when constructing a diversified portfolio,” added James Davolos, Portfolio Manager.

About Horizon Kinetics LLC

Horizon Kinetics LLC, formed in May 2011, is the consolidated parent company of Horizon Asset Management LLC (founded in 1994) and Kinetics Asset Management LLC (founded in 1996) and various affiliates. Horizon Kinetics is an independently owned and operated investment boutique that adheres to a long-term, contrarian, fundamental value investment philosophy that the founders established 26 years ago at Bankers Trust Company. Horizon Kinetics has over 80 employees and has primary offices in New York City and White Plains, New York. For more information about Horizon Kinetics, visit www.horizonkinetics.com

IMPORTANT RISK DISCLOSURES

Please consider carefully a fund’s investment objectives, risks, charges and expenses. For this and other important information, obtain a statutory and summary prospectus by contacting 646-495-7333. Read it carefully before investing.

Past performance is not a guarantee of future returns and you may lose money. Opinions and estimates offered constitute our judgment as of the date made and are subject to change without notice. This information should not be used as a general guide to investing or as a source of any specific investment recommendations.

The Horizon Kinetics Inflation Beneficiaries ETF (Symbol: INFL) is an exchange traded fund (“ETF”) managed by Horizon Kinetics Asset Management LLC (“HKAM”). HKAM is an investment adviser registered with the U.S. Securities and Exchange Commission. You may obtain additional information about HKAM at our website at www.horizonkinetics.com.

Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The Fund’s investments in securities linked to real assets involve significant risks, including financial, operating, and competitive risks. Investments in securities linked to real assets expose the Fund to potentially adverse macroeconomic conditions, such as a rise in interest rates or a downturn in the economy in which the asset is located. The Fund is non‐diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund. The Fund invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for investments in emerging markets. The Fund may invest in the securities of smaller and mid‐capitalization companies, which may be more volatile than funds that invest in larger, more established companies. The fund is actively managed and may be affected by the investment adviser’s security selections. Diversification does not assure a profit or protect against a loss in a declining market.

HKAM does not provide tax or legal advice, all investors are encouraged to consult their tax and legal advisors regarding an investment in the Fund.

No part of this material may be copied, photocopied, or duplicated in any form, by any means, or redistributed without the express written consent of HKAM.

The Horizon Kinetics Inflation Beneficiaries ETF (INFL) is distributed by Foreside Fund Services, LLC (“Foreside”). Foreside is not affiliated with Horizon Kinetics LLC or its subsidiaries.

Jay Kesslen

Email: [email protected]

Phone: (646) 495-7333

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Banking Other Professional Services Professional Services Finance

MEDIA:

Logo
Logo
Posted on

Planet 13 Holdings Inc. Announces Upsize to Bought Deal Public Offering

Canada NewsWire

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

LAS VEGAS, Jan. 12, 2021 /CNW/ – Planet 13 Holdings Inc. (“Planet 13” or the “Company“) (CSE: PLTH) (OTCQB: PLNHF) is pleased to announce that it has amended the terms of its previously announced offering of units of the Company. Under the amended terms of the Offering (as defined below), a syndicate of underwriters (the “Underwriters“) co-led by Beacon Securities Limited (“Beacon“) and Canaccord Genuity Corp. have agreed to purchase, on a bought deal basis, 8,575,000 units (the “Units“) in the capital of the Company at a price of $7.00 per Unit (the “Offering Price“) for aggregate gross proceeds to the Company of $60,025,000 (the “Offering“). (All figures are in Canadian dollars unless otherwise stated).

Each Unit shall consist of one common share (a “Common Share“) in the capital of the Company and one-half (1/2) of one common share purchase warrant (each whole warrant, a “Warrant“) of the Company. Each whole Warrant shall entitle the holder thereof to acquire one Common Share at an exercise price per Common Share of $9.00 for a period of 24 months from the Closing Date (as defined below).

The closing of the Offering is expected to occur on or about February 2, 2021 (the “Closing Date“) and is subject to the completion of formal documentation and receipt of all regulatory approvals, including the approval of the Canadian Securities Exchange. The net proceeds from the Offering will be used for potential acquisitions, working capital and general corporate purposes.

The Company has granted the Underwriters an option (the “Over-Allotment Option“), exercisable, in whole or in part, by Beacon, on behalf of the Underwriters, giving notice to the Company at any time and from time to time up to 30 days following the Closing Date, to purchase, or to find substituted purchasers for, up to an additional number of Units equal to 15% of the number of Units sold pursuant to the Offering at the Offering Price to cover over-allotments, if any, and for market stabilization purposes.

The Units to be issued under the Offering will be offered by way of a short form prospectus to be filed in all of the Provinces of Canada (except Quebec) and by private placement to eligible purchasers resident in jurisdictions other than Canada that are mutually agreed by the Company and Beacon, provided that no prospectus filing or comparable obligation arises and the Company does not therefore become subject to continuous disclosure obligations in such jurisdiction.

The Units, Common Shares and Warrants being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (“U.S. Securities Act“) and may not be offered or sold in the United States or to, or for the account or benefit of, “U.S. persons” (as defined in Regulation S under the U.S. Securities Act) absent registration or an applicable exemption from the registration requirements. The Units may be offered in the United States to Qualified Institutional Buyers (as defined in Rule 144A under the U.S. Securities Act) pursuant to exemptions from the registration requirements under rule 144A of the U.S. Securities Act. This news release will not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.


About Planet 13

Planet 13 (www.planet13holdings.com) is a vertically integrated cannabis company based in Nevada, with award-winning cultivation, production and dispensary operations in Las Vegas – the entertainment capital of the world. Planet 13’s mission is to build a recognizable global brand known for world-class dispensary operations and a creator of innovative cannabis products. Planet 13’s shares trade on the Canadian Securities Exchange (CSE) under the symbol PLTH and OTCQX under the symbol PLNHF.


Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward looking-statements relate to, among other things, the closing of the Offering, receipt of regulatory approvals and proposed use of proceeds.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: final regulatory and other approvals or consents; risks associated with COVID-19 and other infectious diseases presenting as major health issues; fluctuations in general macroeconomic conditions; fluctuations in securities markets; expectations regarding the size of the Nevada cannabis market and changing consumer habits; the ability of the Company to successfully achieve its business objectives; plans for expansion; political and social uncertainties; inability to obtain adequate insurance to cover risks and hazards; and the presence of laws and regulations that may impose restrictions on cultivation, production, distribution and sale of cannabis and cannabis related products in the State of Nevada; and employee relations. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

The Company is indirectly involved in the manufacture, possession, use, sale and distribution of cannabis in the recreational and medicinal cannabis marketplace in the United States through its subsidiary MM Development Company, Inc. (“MMDC“). Local state laws where MMDC operates permit such activities however, these activities are currently illegal under United States federal law. Additional information regarding this and other risks and uncertainties relating to the Company’s business, including COVID-19, are contained under the heading “Risk Factors” in the Company’s annual information form dated April 13, 2020 filed on its issuer profile on SEDAR at www.sedar.com.

SOURCE Planet 13 Holdings Inc.

Posted on

IIROC Trade Resumption – BUZZ

Canada NewsWire

VANCOUVER, BC, Jan. 12, 2021 /CNW/ – Trading resumes in:

Company: Pharmadrug Inc.

CSE Symbol: BUZZ

All Issues: Yes

Resumption (ET): 9:45 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC)

Posted on

BioSig Conducts First Patient Cases with PURE EP(tm) System at Memorial Hospital of South Bend, Indiana

PURE EP(tm) system evaluation conducted under the leadership of Cardiologists Vinod Chauhan, M.D. and Deepak Gaba, M.D. Memorial Hospital is nationally recognized for its emphasis on innovation.

Westport, CT, Jan. 12, 2021 (GLOBE NEWSWIRE) — BioSig Technologies, Inc. (NASDAQ: BSGM) (“BioSig” or the “Company”), a medical technology company commercializing an innovative biomedical signal processing platform designed to improve signal fidelity and uncover the full range of ECG and intra-cardiac signals, today announced that the Company installed its PURE EP(tm) System and conducted first patient cases at Memorial Hospital of South Bend, part of Beacon Health System, in South Bend, Indiana. 

PURE EP(tm) System evaluation is being conducted under the leadership of Vinod Chauhan, M.D. and Deepak Gaba, M.D.

“We are very pleased to commence our clinical operations at Memorial Hospital, an outstanding clinical site that is recognized nationally for its commitment to high-quality care and innovation. As we continue to learn more about the coronavirus and its detrimental effects on cardiovascular health, we realize that treating heart rhythm disorders has never been more important. We recently initiated commercial sales of the PURE EP(tm) System. Our team looks forward to helping as many physicians and patients as possible as we expand our clinical footprint and provide the infrastructure to achieve much more throughout 2021,” commented Kenneth L. Londoner, Chairman, and CEO of BioSig Technologies, Inc.

To date, more than 450 patient cases have been conducted with the PURE EP(tm) System by over 30 physicians across seven clinical sites. BioSig is currently conducting patient cases under the clinical trial titled “Novel Cardiac Signal Processing System for Electrophysiology Procedures (PURE EP 2.0 Study)” at Texas Cardiac Arrhythmia Research Foundation (TCARF) in Austin, Texas, Mayo Clinic Florida Campus in Jacksonville, Florida, and Massachusets General Hospital in Boston, MA. 




About BioSig Technologies
BioSig Technologies is a medical technology company commercializing a proprietary biomedical signal processing platform designed to improve signal fidelity and uncover the full range of ECG and intra-cardiac signals (www.biosig.com).

The Company’s first product, PURE EP ™ System is a computerized system intended for acquiring, digitizing, amplifying, filtering, measuring and calculating, displaying, recording and storing of electrocardiographic and intracardiac signals for patients undergoing electrophysiology (EP) procedures in an EP laboratory.

Forward-looking Statements

This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward- looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the geographic, social and economic impact of COVID-19 on our ability to conduct our business and raise capital in the future when needed, (ii) our inability to manufacture our products and product candidates on a commercial scale on our own, or in collaboration with third parties; (iii) difficulties in obtaining financing on commercially reasonable terms; (iv) changes in the size and nature of our competition; (v) loss of one or more key executives or scientists; and (vi) difficulties in securing regulatory approval to market our products and product candidates. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise. 

Attachment 



Andrew Ballou
BioSig Technologies, Inc. 
Vice President, Investor Relations 
54 Wilton Road, 2nd floor
Westport, CT 06880
[email protected]
203-409-5444, x133