Williamsburg, Va. technology company Worldwide Internet Inc. (OTCPINK: WNTR) announced Mar. 11 that it is developing mobile payment services for the medical marijuana industry.
Worldwide Internet said it has formalized a partnership agreement with SinglePoint Inc., which will provide SinglePoint access to its entire portfolio of holdings.
In addition, Green Company Holdings was recently announced as a subsidiary of Worldwide Internet that includes a diversified portfolio of investments in the hemp and medical marijuana sectors.
According to the release, Worldwide has made a sizeable investment in the subsidiary toward a diversified portfolio of cannabis-related companies and have also demonstrated interest in making direct investment into SinglePoint in light of prospects for growth
“Together SinglePoint and Green Company Holdings will begin to implement and develop premier mobile marketing and mobile payment opportunities for the medical cannabis industry via the subsidiaries,” the released stated. “In addition, the companies will work together to identify new targets for collaboration for what execs from both camps feel can lead to increased revenues and beneficial cross-marketing opportunities in the cannabis industry nationwide,” it added.
On Mar. 12, MRNA’s share value closed at 0.0043 cents, up 0.0001 cents, from its close of 0.0042 cents the previous day.
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Will Develop Drugs for Rare Diseases
Meanwhile, on Mar. 12, MRNA Marina Biotech’s stock volume soared, with 772,509 shares changing hands, more than twice its three-month average volume of 328,794 shares.
The surging volume is being fueled in part by the Boston, Mass. Biotech company’s Mar. 11 announcement that it plans to broadly apply its RNAi, antisense and microRNA therapeutics platform to develop drugs for rare diseases.
Besides advancing its current Phase 1 program in Familial Adenomatous Polyposis, the company expects to initially focus on the area of dystrophies where it believes its broad capabilities including its conformationally restricted nucleotide chemistry and SMARTICLES(R) delivery technology can provide an advantage over existing nucleic acid therapeutic approaches.
J. Michael French, CEO of Marina Biotech will present an overview of the company's plans today at BIO-Europe Spring 2014 in Turin, Italy.
$6 Million in Warrants
In addition, the Company announced today that it has closed its previously announced issuance of Series C Convertible Preferred Stock and common stock purchase warrants for aggregate gross proceeds to the company of $6 million
MRNA’s share value closed at $1.50, up 10 cents, from its close of $1.40 the previous day.
Easton Pharmaceuticals Reaches Agreement to Sell Hemp-Based Products
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