As another trading week begins it may be a good time for investors to consider taking a look into some of the stocks which may have been in the news over the course of the past few days. More often than not, investors who are fully aware of the latest developments in the market do better in the long run. Here is a look at five stocks that are in the news.
Houston Natural Resources Corp (OTC:HNRC) – This past Friday Houston Natural Resources Corp had been in the news cycle after it announced that the spinoff of Worldwide Diversified Holdings was going to become effective following the end of business on May 26, 2023.
The entity would bring the company’s legacy businesses like consulting, telecom, and software under one roof. It would be an independent publicly listed entity. Houston Natural Resources Corp believes that the move will help it in creating greater long-term value for all its shareholders.
Halberd Corporation (OTC:HALB) – The company announced on May 23 that its collaboration partner Mississippi State University had been successful in completing the initial phase of the preclinical testing as well as study endpoints related to its nasal spray.
The patent pending nasal spray had been developed for the purpose of combatting the inevitable effects of traumatic brain injury. Halberd also announced that the university was ahead of schedule and continued to work on the testing parameters.
Fobi AI Inc (OTC:FOBIF) (FOBI.V) – The company is one of the leaders in the field of harnessing artificial and data intelligence for enabling digital transformations. It was in the news on May 23 when it announced that it had appointed a new Chief Financial Officer in the form of Jason Tong.
The appointment went into effect on May 25, 2023. Tong is a highly experienced executive with more than a decade of experience as an executive and had also worked in corporate finance for many emerging publicly listed companies. Previously he had been the Chief Financial Officer at Pathway Capital Ltd.
Pressure BioSciences Inc (OTC:PBIO) – Broadly enabling pressure-based equipment manufacturer Pressure BioSciences Inc made a key announcement on May 22. The company revealed that its product NanoBloom CBD Topical Spray had been commercially introduced and made available. The company noted that it was the best in class and bioavailable hemp-derived CBD topical spray that could deliver stability for many years.
Cann American Corp (OTC:CNNA) – On May 24 the company had come into the news cycle after it announced that it had completed the acquisition of Liberty Health Plus. The acquisition had actually been closed on May 10. Additionally, it was also noted that Michael Kramer, the founder of Liberty Health, had also been inducted into the Cann American board.