A glance at some of the day’s highlights from the Proactive Investors US and Canada newswires
Dalrada Corporation () told its shareholders that its subsidiary Dalrada Health has launched a custom labeled suite of genomics tests through Empower Genomics that assist individuals with reaching optimal health. The corporation said Empower Genomics has a variety of tests on Pharmacogenomics (PGx), Cannabis DNA, Nutrition and Diet, and Exercise and Fitness which are aimed at “healthcare practitioners, researchers, and individuals to identify ways to improve overall well-being.” For example, its Pharmacogenomics Test analyzes how a person’s genes respond to specific medications, whereas the Cannabis DNA Test determines how an individual metabolizes and responds to consuming specific strains of cannabis. Similarly, the Nutrition DNA Test reveals 43 genetic traits related to diet, eating behaviors and nutritional needs.
Numinus Wellness Inc () said it has submitted a pre-clinical trial application to Health Canada for review of its all-natural psilocybin extract. The Vancouver-based psychedelics company has partnered with Optimi Health Corp (CSE:OPTI) (OTCMKTS:OPTHF) to develop the psilocybin extract through Impact Clinical Trials Accelerator at the University of Calgary. Studies are also ongoing at the Numinus lab in British Columbia.
() (OTC:INOTF) (FRA:71TA) has told investors that its contactless temperature scanning system, ThermalPass, is seeing an increase in demand from school districts in North America following a successful installation at one of the largest districts in the state of North Carolina last month. Administrators of the Iredell-Statesville school district, which serves more than 20,000 students across 37 campuses, have called the ThermalPass a “game-changer” in building confidence and getting students back in class, the company said. ThermalPass can be assembled in minutes and looks like a thin-framed metal detector at building entrances, allowing touchless temperature checks from a distance as people enter a building. School officials are also turning to ThermalPass because it is non-invasive and compliant with social distancing protocols, the company said
Kodiak Copper Corp () has provided an update on its fully funded drill program at its MPD copper-gold porphyry project in southern British Columbia, which includes up to 30,000 metres (m) of drilling at several priority target areas. Plans for 2021 also include further geotechnical studies and prospecting as well as geophysical, geochemical and environmental surveying, the company said in a statement. Kodiak Copper recommenced drilling at its 100%-owned MPD project in March, noting that currently the program is progressing well and remains on schedule.
. () (OTMKTS:CLGUF) (FRA:1JI0), said it has added Stan Shin, eBay’s managing director, and Shin-Young Park, WePay Korea’s CEO, as strategic advisors to the company. “Bringing on the experience and network of these two payment pioneers to Cloud Nine will add up to more innovation and progress to capitalize on the rising rate of adoptions of crypto currency and the growth in the payments market,” commented Sefton Fincham, president of Cloud Nine in a statement. As executive director of eBay, Shin is responsible for strategic sourcing and procurement in the Asia Pacific and is recognized as a pioneer and leader in the online market in supply chain and operations of online e-commerce community businesses. Shin-Young is a payments development specialist, operating customized Payment Gateway (PG) systems for some of the largest companies in Asia such as LG Group, Samsung Group and SK Group.
() () (FRA:4021) has announced the commercial installation sale of a CO2 Delivery Solutions system to Golden Peak Cannabis, a New Brunswick-based licensed cultivator. Back in August 2020, the company announced a commercial feasibility study with then-unnamed Golden Peak to assess the impact of a CO2 Delivery Solutions system in a vegetative and flowering room, and Golden Peak came away pleased with the results. “We have been very impressed with the performance of CO2 Delivery Solutions,” Golden Peak CEO Tom Devost said in a statement. “Our yields are as expected with additional CO2 and our plants have been protected from powdery mildew. The operating costs of CO2 and power are negligible which has helped us reduce our overall production cost per gram. We look forward to expanding to additional rooms as we grow over the coming months.”
() (OTCQB:MVMDF) has provided new insight into its progress on a selection of ongoing pre-clinical trials. “Receiving early feedback confirming the ability to safely inject Ivectosol 1% across poultry, swine, goat and cattle our initial animal trials is very encouraging and validates the pathway we are pursuing in human applications such as oncology and COVID-19,” Mountain Valley MD CEO Dennis Hancock told investors in a statement. “I am very proud of the team and our research partners for this incredible progress across multiple lanes of innovation. We couldn’t be more honoured to drive forward this important work,” he added.
Q BioMed Inc () has unveiled its largest single investment so far, with Aedesius Holdings Ltd (AedesiusOne), a privately held global disruption aggregator, investing up to $30 million in the company via a securities agreement. The biotech accelerator noted that AedesiusOne is run by Geoffrey Fatzinger, Q BioMed’s global head of regulatory affairs. “Obviously this is a very impactful investment for Q BioMed. Not only does it come from an insider, but it is the largest single investment we have ever had. It allows us to move forward with our pre-covid commercial roll-out plans for Strontium89 on a worldwide basis,” said Denis Corin, Q BioMed CEO, in a statement.
Helix BioPharma Corp () (OTCMKTS:HBPCF) (FRA:HBP) has announced an agreement in which it will receive up to C$10 million in financing from New York based institutional investment fund Lind Global Macro Fund, LP through the issuance of convertible securities. Each convertible security issued will have a two-year term from the date of issuance and will accrue a simple interest rate obligation of 8.75% per year on the amount funded. The first tranche of C$3.5 million is expected to be issued on or around May 12, with the second tranche of up to an additional C$6.5 million available to be received thereafter.
() () () has announced that, as it continues with a previously announced 45,000-meter diamond drilling campaign, it has started environmental baseline field data gathering in support of permitting for its Thunder Bay North project, a platinum, palladium, copper, nickel project in Ontario. The company said DST, a division of Englobe Corp and NorthWinds Environmental, has been mandated to report on baseline data for hydrology (surface waters), hydrogeology (subsurface water table), noise, water quality, aquatic biology, wildlife biology, and potential for metals leaching and acid rock drainage. In a statement, Clean Air Metals CEO Abraham Drost commented: “As the commitment to long-term environmental baseline data collection demonstrates, the company is committed to operating by the highest standards of environmental, social and governance factors.”
BTU Metals Corp () (OTCPINK:BTUMF) has told investors it will be drill testing two potential base metal targets this month at the TNT copper silver gold discovery at the company’s flagship Dixie Halo property in Ontario as it updated on exploration and the result of surveys at the Red Lake property. BTU’s main asset covers 19,723 hectares (Ha) and is contiguous with, and surrounds ‘ Dixie project. “The conclusion of our geochemical and geophysical review of the TNT mineralization over the course of the winter has revealed several compelling targets on both the southeastern part of the immediate TNT area as well as on the recently optioned BTU Pakwash North property,” noted BTU CEO Paul Wood in a statement.
Spyder Cannabis Inc () announced the appointments of Wickham as the company’s Chief Executive Officer (CEO), director, and corporate secretary, as well as Ankit Gosain as its new Chief Financial Officer (CFO), effective May 7. Spyder also said its former CFO Mark Pelchovitz will now serve as executive chair of its board, with Wickham becoming the executive vice-chair. “I am excited to lead Spyder through its next phase of growth and leverage the strength of our recent 180 Smoke acquisition and its 26 retail locations across Ontario. This acquisition has given Spyder access to an iconic brand name, local customer base and a talented management team,” Wickham said in a statement.
LexaGene Holdings Inc () () said it has boosted its sales team with an additional four representatives to target business opportunities in the veterinary and drug manufacturing markets. The Beverly, Massachusetts-based firm, which develops fully automated rapid pathogen detection systems, said that three of the new representatives will work in the veterinary diagnostics industry, which is growing at a rapid rate. An additional representative will work in the contract drug manufacturing market, LexaGene added. Experienced sales managers Julie Griggs, Kara Alkire, Whitney Fernandes and Chris Bartlett are joining the team to work with LexaGene’s Midwest regional sales manager Sarah Mumbower.
Recruiter.com Group Inc () said it has finalized its common stock acquisition of OneWire, a Software-as-a-Service (SaaS) based recruiting and sourcing platform that hosts one of the largest communities in the financial services industry. The acquisition includes OneWire’s SaaS platform as well as the candidate-matching service Matchbook. OneWire’s platform provides financial services professionals with a centralized place to manage their job search and accelerates the sourcing process by pre-vetting top candidates in advance, ensuring that employers only connect with the most qualified candidates for their unique roles.
() said it has secured a project manager to oversee the building phase and implementation of its 2kW mobile electrolytic cell rare earth element (REE) processing plant. To bolster the company’s technology and operating wherewithal, American Resources also said it has entered into a sponsored research program with Texas Tech University regarding the implementation and cell development of its electrolysis facility. The company said the research program is focused on not only building an electrolysis plant but also maximizing the scalability and efficiency of the REE electrolysis processing facility.
Roth Capital has initiated coverage on . () with a ‘Buy’ rating and $2.50 price target. In a note to clients, Roth’s analysts said: “We believe PHUN has positioned itself very well as enterprise customers look to enhance their mobile offering in an increasingly digitized world. PHUN has pioneered the MaaS (Multiples-as-a-service) platform, pivoting to a cloud-based, industry and hardware agnostic platform providing enterprise customers with all the essential tools to succeed on mobile.”
GameSquare Esports Inc () has announced a big-name addition to its team – skateboarding legend Tony Hawk. One of the most high-profile names in sports media, Hawk started staking professionally at the age of 14 before becoming a successful entrepreneur in the sports and gaming industries. His charity The Skateboard Project has contributed more than US$10 million to construct stake parks throughout the US. Hawk joins the Toronto-based esports company as a strategic advisor to CEO Justin Kenna and the GameSquare group of companies.
Tocvan Ventures Corp () (FRA:TV3) said it was nearing the halfway point of its planned 4,000 metres (m) Phase 2 drill program at its flagship Pilar gold-silver project in Mexico. So far, 11 holes have been completed for 1,811m and samples for the first five holes have been sent to the lab, the company said. Early drilling focused on the extension of the Main Zone, testing deeper down-dip mineral extensions and stepping out along strike. Drill targeting has now shifted towards testing new areas along the 4-Trench Extension and Triple Vein Zone areas.
Loop Insights Inc () (), a provider of real-time data analytics through artificial intelligence (AI) to drive customer engagement, has announced that it has signed a Letter of Intent (LOI) with All Net LLC, to provide a custom technology stack that will power the All Net Resort and Arena Project, a new $2.7 billion entertainment venue in Las Vegas, Nevada. The Vancouver, British Columbia-based advanced technology company said that at “the core of the partnership” will be Loop’s real-time AI data intelligence and digital wallet platform. The All Net Resort will combine sports and entertainment events with business and corporate bookings that will appeal to upscale demographic groups including business professionals and families, providing guests and visitors with a state-of-the-art connected venue. The company developing the project is run by Jackie Robinson, a former NBA and UNLV basketball player turned successful businessman.
Corp () () (FRA:18P) has increased the size of its land position surrounding its Iron Creek Project in Idaho by more than 100%. The company said it acquired mining claims to the west of its existing cobalt-copper project, expanding its land package to over 1,600 hectares. Located in the Idaho Cobalt Belt, the project is one of the few primary cobalt deposits in the world. The resource remains open westward along strike and down-dip — and to date, cobalt-copper mineralization has been defined over a 900-metres (m) strike extent.
Phunware, Inc. () said it has today launched the PhunToken Purchase Portal to begin selling PhunToken (PHTK) to consumers, developers and brands. PhunToken is an innovative cryptocurrency utilized by a blockchain-enabled Mobile Loyalty Ecosystem to help drive engagement by unlocking the features and capabilities of Phunware’s Multiscreen-as-a-Service (MaaS) platform. PhunToken is designed to promote profitable behavior by rewarding consumers for their activity, such as watching branded videos, completing surveys designed to understand purchase intent and visiting points of interest.
Algernon Pharmaceuticals Inc () (FRA:AGW) (OTCQB:BTHCF) announced that it has reached 50% of its enrollment target for its Phase 2 idiopathic pulmonary fibrosis (IPF) and chronic cough clinical study of its repurposed drug NP-120 (Ifenprodil). The 20 patient proof-of-concept trial is designed to determine the efficacy of Ifenprodil in the preservation of lung function in patients suffering from IPF and its associated chronic cough. There are six sites participating in the study, with four located in Australia and two in New Zealand. Ifenprodil has been shown to mediate anti-inflammatory responses and reduce pulmonary fibrosis in a murine (mouse) model of IPF, the company said, and it significantly reduced cough frequency and delayed onset in a guinea pig acute cough model.
Ltd () (NYSEAMERICAN:FURY) (FRA:AUN1) outlined key achievements over the last seven months since the gold exploration group was formed, which has included significant drilling at the Eau Claire project in Quebec and a tie-up with a UK-based environmental, social and corporate governance (ESG) platform to help communicate its sustainability activities. “Over the past seven months, we have been busy at Fury putting the company in a strong position to leverage its growing, high-grade Canadian gold projects,” said Mike Timmins, CEO of Fury.
() () (OTCQB:PLTXF) has announced that it achieved new record monthly gross revenues for the month of April 2021. The company saw new record gross revenue of $2,042,450, reflecting a 30% increase from March 2021, and 87% increase since January 2021. It added that the cost of goods sold $1,639,568 for the same month. PlantX Life said it continues to experience significant month-over-month revenue increases, as shown by recent financial results in the last few months.
Inc () () (FRA:G28A) told investors that a second rig has been added to the ongoing drill program at its flagship Larder gold project in Ontario ahead of a resource update due out by the end of the third quarter of 2021. The drill rig will go to the Bear deposit for a 5,000 metres (m) program to explore near surface extensions from the high-grade core, which begins at around 450m below surface – particularly two developed zones up plunge around 90m depth.
Inc () () (FRA:JAM1) said it is speeding up its “revolutionary” Phase 2 clinical trial, PLENITUDE, to evaluate the safety and effectiveness of its investigational cannabis medicine QIXLEEF, for use in managing uncontrolled pain in patients with advanced cancer. The Ottawa, Ontario-based company’s inhaled proprietary drug formulation QIXLEEF has a fixed ratio of THC and CBD. The medication is inhaled through a Class 2 medical vaporizer. When pharmaceutical-grade cannabis is vaporized rather than smoked, the beneficial components can be inhaled without the generation of smoke and combusted by-products, said the company.
() () () revealed its summer 2021 exploration plans at two of its British Columbia properties. Fieldwork will begin at the Golden Lion property on June 1, with at least 2,500 metres (m) of drilling planned, the company said. At Snoball in the province’s Golden Triangle region, exploration will start around July 15 and consist of at least 2,000m of drilling.
Ltd. () () () has announced that the company has inked a research contract with the National Research Council of Canada (NRC), an agency of the Government of Canada. The NRC has been hired to provide their expertise in biomedical nanotechnology, but all the results of the research will belong to , and the NRC does not endorse the findings or itss products, the company said. The NRC specializes in providing vital scientific and technological services to the research and industrial communities of Canada. said the contract will be divided into three objectives over a period of 2 years to further preliminary findings indicating anti-inflammatory and antioxidant properties in addition to the study of potential neuroprotective roles of the AME-1 extract.
American Manganese Inc () () (FRA:2AM) has announced that Advisory Board member Dan McGroarty has been appointed as one of three private-sector members to the US Department of Energy’s (DOE) Critical Materials Institute (CMI) Advisory Board. McGroarty will serve a two-year term on the Advisory Board, which reports to CMI Director Dr Tom Lograsso, the company said in a statement. “Dan is a tremendous asset to the American Manganese team, helping us navigate the company to becoming an industry team member of the CMI, and demonstrating for the U.S. Defense Logistics Agency, AMY’s ability to solve a strategic critical mineral challenge, in our Wenden Stockpile reclamation and advanced material processing bench-scale project,” said CEO Larry Reaugh.
Heritage Cannabis Holdings Corp () () (FRA:2UE) announced that its products are available for purchase on the CannMart online platform. CannMart, a subsidiary of () () (FRA:M5BQ), is a Health Canada-licensed desktop and mobile portal that gives cannabis consumers with medical authorization, the flexibility to buy products quickly with convenient delivery options. Heritage CEO Clint Sharples said medical cannabis consumers now will have easy access to its 45 SKUs across all five Heritage brands, including RAD which recently achieved No. 1 in category sales in a number of provinces. The other brands are Purefarma, Pura Vida, Premium 5, and feelgood.
() (OTCPINK:FGLDF) (FRA:3FA) announced it has begun its 2021 work programs on the Central Canada gold mine project located in northwestern Ontario. The company said its first activities will be focused on the outcrop exposures and trench areas, where the geological team will be conducting detailed structural mapping along the 275 metres (m) long strike of the Central Canada mine trend. “We are looking forward to commencing phase 3 drilling shortly, the intent is to target the historic shaft area initially and complete further infill along the 275m strike of the Central Canada mine trend,” Falcon Gold CEO Karim Rayani said in a statement.
Company Ltd () (OTCQX:NSRXF) (FRA:IRLB) posted record revenue in its first quarter to March 31, 2021, and said it enjoyed strong gold and silver production from its portfolio. A record 5,575 gold equivalent ounces (GEOs) were delivered in the three-month period and 5,575 GEOs were sold, up from 3,817 ounces in the first quarter of 2020. “Our focus ahead is on maintaining this positive momentum by delivering on our stated goal of delivering value through further deployment of capital in new opportunities across the globe, which coupled with the strong organic growth of our current portfolio will allow Nomad to continue to generate strong free cash flow and support further growth and returns to shareholders,” said Vincent Metcalfe, CEO of the royalty and streaming group in a statement.
() (FRA:V7XN) has reported its first-quarter results for the three months ended March 31, revealing record sales of its smart glasses. “Vuzix reported record smart glasses sales of $3.8 million as an increasing number of our customers continued to place larger and more frequent orders for our Smart Glasses,” CEO Paul Travers said in a statement. “Sales of our workhorse M400 Smart Glasses tripled versus the prior year’s comparable quarter and we are seeing a broadening array of use cases emerging from literally every corner of the world.” Total glasses sales easily more than doubled from $1.4 million in the first quarter of 2020, and gross profit improved to nearly $1.1 million from $81 ,000. Net loss was $6.6 million or $0.12 loss per share, compared to a loss of $5.9 million or $0.18 loss per share, a year earlier.
Victory Square Technologies () has announced that its CEO, Shafin Diamond will be attending the Q2 Virtual Investor Summit being held May 17-18, 2021. Diamond’s presentation, which will be on May 17 at 9.30am ET, can be accessed via the following link: https://zoom.us/webinar/register/WN_-x0XFuohQG6hZDgr8X9ffw
, Inc. () today announced that its president and CEO, Saiid Zarrabian will be attending the Q2 Virtual Investor Summit. Zarrabia’s presentation, which will be on May 18, 2021, at 11.00am ET, can be accessed via the following link: https://zoom.us/webinar/register/WN_CaBoy6ovRySXUDmri34bUA
() announced that the OTCQX Market has reached the 500 company milestone with the addition of its first Danish company, Copenhagen-based esports leader Astralis A/S (OMX:ASTGRP) (OTCQX:ASGRF) to the OTCQX Market. With ten founding members at inception, the breadth of the OTCQX Market now represents a diverse range of today’s industry leaders spanning all sizes, industries, and sectors.
OTC Markets Group announced that Astralis A/S had qualified to trade on the OTCQX Best Market and today upgraded from the OTC Pink market. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the US. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. “We are delighted to welcome our first Danish company, Copenhagen-based esports leader Astralis A/S, to the OTCQX Market, as they join an esteemed roster of companies and mark our OTCQX 500-company milestone,” said Jason Paltrowitz, executive vice president of Corporate Services at OTC Markets Group. “Cross-trading on OTCQX will enable Astralis A/S, listed on the Nasdaq First North Growth Market, to expand its U.S. investor base and enhance the company’s global liquidity. We look forward to providing the company and its investors with a transparent and efficient trading experience and all the benefits of our premium public market.” Anders Hørsholt, CEO of Astralis A/S commented: “We are pleased to have qualified to trade on the OTCQX. It will give our current and potential new shareholders an additional and larger regulated platform from which they can conveniently trade our common share and it provides added exposure to an expanding US market of esports investors. Trading on OTCQX will secure increased access for US institutional and retail investors looking to invest in our company and proven business model and it provides an opportunity to be a part of Astralis’ continued development as a leader in the growing, global esports industry.”