Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

American Diversified Holdings Corporation Completes Brazos Biomedical, LLC Acquisition

American Diversified Holdings Corporation Completes Brazos Biomedical, LLC Acquisition

American Diversified Holdings Corporation (OTC: ADHC) announced today that the company has completed the acquisition of Houston Texas based Brazos Biomedical, LLC (Brazos). ADHC has acquired all the assets of Brazos Biomedical and the AURACIS™ TENS Migraine therapy system including all the patents and patent applications in the US and abroad, patent license agreement, technical engineering schematics, FDA plans, patient study information and other related assets.

Brazos has an international patent portfolio covering the AURACIS™ system. This includes issued patents in the US and patent applications pending in foreign countries.

Recognizing that a robust patent portfolio is imperative to the success of the development of the AURACIS™ system, ADHC has undergone a comprehensive review of these files.  Moreover, Brazos has obtained proposals from multiple leading OEM device and development firms as they prepare to advance the AURACIS™ system towards the market.

The terms and conditions of the Brazos Biomedical, LLC acquisition (BRAZOS), were not disclosed pending completion of standard due diligence.

ADHC management has undertaken a financial reorganization that has resulted in the reduction of $1.2 mm in debt on the balance sheet. In addition to the debt reduction approximately 95 million shares have cancelled and reduced from the total shares outstanding. Third quarter financials ending on April 30, 2018 have been filed and can be reviewed at www.OTCMARKETS.com

ADHC management believes this debt reduction and share cancellation will further enhance the Company’s financial picture.  Allowing for a broader based appeal to the shareholder community in anticipation of filing the Form Ten and the pending application to the OTC-QB.

In additional news, recent comments by the current US administration appears to be soften the US stance on federal Cannabis regulation. Current legislation is pending in congress that will federally legalize cannabis. Should this legislation pass and become law ADHC will revisit previous negotiations in the cannabis sector. Additionally, ADHC is seeking additional acquisitions in the Bio-device sector specifically in the non-opioid pain management arena.

ADHC will keep shareholders informed as events progress.

ADHC is a holding company that provides executive management, corporate governance, administrative support, financial advice, and introductions to capital sources to various micro-cap private and public companies that have proven revenues and business models.

BRAZOS BIOMEDICAL LLC is a bio device company utilizing electro stimulation for pain management to improve patient outcomes through creative innovation with a core competency in the migraine and headache pain space.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post