In the News this Week: VTAK, HNRC, KAVL, RDRSF / R
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https://thestreetreports.com/in-the-news-this...sf-rdrs-c/
As the trading week comes to a close, it may be time for investors to sit back and take a look at some of the stocks that came into focus for one reason or another. Many stocks have come into focus throughout the week, and this article will provide a quick look into four of them.
Catheter Precision Inc. (NYSE American:VTAK) The company came into the news cycle on Thursday after it announced that it had entered into a distribution partnership with Somnotec Pte Ltd., a medical device distributor based out of Singapore.
As per the terms of the deal, Somnoter would distribute the LockeT medical device from Catheter Precision Inc. in Singapore, Indonesia, Brunei, and the Philippines. The company’s Chief Executive Officer, David Jenkins, noted that it was the latest product line from the company and that it was eager to expand its commercial footprint beyond the United States.
Cunningham Natural Resources Corporation (OTC:HNRC) The company is in the news this morning after it made an announcement with regards to HNR Acquisition Corp., one of its portfolio companies. Cunningham Natural Resources Corporation announced that the portfolio company had inked an amended and restated membership interest purchase agreement (A&R MIPA) to buy the entirety of the equity interests in an oil company and its subsidiaries based out of New Mexico. The A&R MIPA was the replacement of the previous agreement that had been executed between the two parties in December last year.
Kaival Brands Innovations Group Inc. (NASDAQ:KAVL): The company, which is best known for distributing the all-in-one innovative BIDI Stick disposable pod, saw its stock move up by 1.9267% as of 8:33 AM Eastern Time. On August 28, Kaival Brands Innovations Group Inc. announced that it had promoted Stephen Sheriff to the role of Chief Operating Officer. The appointment had gone into effect on August 22.
Perhaps more tellingly, the company revealed on August 29 that its product had been made available in more than 2700 Circle K outlets in the Midwest and South Atlantic regions. When the product was initially rolled out in June, it was available in just more than 1000 Circle K outlets.
RDARS Inc. (OTC:RDRSF) (RDRS.C) The autonomous drone technology and robotics company is involved in the development of artificial intelligence systems for the augmentation of alarm systems and surveillance. The company was in focus on August 31 when it announced that it had received an official drone certification from Transport Canada for its Eagle Eye V3 product, an advanced drone. The company noted in its news release that the major milestone heralded a new era for RDARS Inc.