Imaging3 (OTC:IGNG) has completed its reverse merger with Los Angeles-based cannabis company Grapefruit Boulevard Investments, following a nearly $1.25 million settlement with Imaging3’s former bankruptcy counsel, according to an SEC filing. Under the settlement, Burbank, Calif.-based Imaging3 will pay the law firm of Greenberg Glusker Fields Claman & Machtinger a total of $204,000 plus 6.35 […]
Imaging3, which is slated to be acquired by privately held Los Angeles-based cannabis company Grapefruit Boulevard Investments, said last week that it has settled a lawsuit it faced over claims that it breached note agreements and failed to deliver warrants to equity firms that had invested in it in 2017. Investors Alpha Capital Anstalt and […]
Imaging3 said yesterday that it inked a reverse merger deal through which the company will be acquired by a privately held, but unnamed, Los Angeles-based cannabis company. Burbank, Calif.-based Imaging3 said that its buyer holds licenses to manufacture and distribute cannabis products in California, and plans to open an ethanol-based extraction laboratory at its facilities. […]
Zimmer Biomet (NYSE:ZBH) said yesterday it tapped former Covidien investor relations head Coleman Lannum as its investor relations senior VP, reporting directly to prez & CEO Bryan Hanson. Lannum has more than 15 years in investor relations, having held positions with Mallinckrodt Pharmaceuticals (NYSE:MNK), Covidien and Tyco Healthcare. During his time with Covidien, Lannum oversaw the company’s initial […]
Cerner Corp. (NSDQ:CERN) said yesterday that it named Brent Shafer to serve as chairman & CEO effective Feb. 1. Shafer previously served as CEO of Philips‘ (NYSE:PHG) North America business. Cerner’s co-founder Cliff Illig has been serving as interim CEO and chairman of the board since July last year. Illig said he plans to resume […]
The 3D medical diagnostic imaging devices maker announced that it filed last week for bankruptcy in the U.S. Bankruptcy Court for the Central District of California.
Sohn, whose resignation was effective March 31, was still listed on Imaging3’s website today. The company agreed to pay out $9,100 in severance, according to the filing.