A glance at some of the day’s highlights from the Proactive Investors US and Canada newswires
WeedMD Inc (CVE:WMD) (OTCQX:WDDMF) (FRA:4WE) revealed it has signed a letter of intent (LOI) to acquire privately-owned craft cultivator CannTx Life Sciences Inc in an all-stock transaction as the company separately reported its latest results. Financial details of the transaction were not disclosed but WeedMD said the acquisition of Guelph, Ontario-based CannTx, which specializes in tissue culture and micropropagation techniques, agricultural research, craft cultivation, and processing of new cannabis products such as rosin and hash, is expected to help create synergies and further cost efficiencies to bring new strains and high-margin products to market at greater scale and consistency.
Organic Garage Ltd (CVE:OG) (OTCQX:OGGFF) has recorded the highest-grossing and most profitable year in its history after seeing a big bump in fourth-quarter revenue. The Canadian independent organic grocer reported revenue of C$7.3 million in its fiscal 4Q 2020, up 32.7% from $5.5 million in the comparable year-ago quarter, while its gross profit came in at C$2.2 million, a 21.9% increase from the $1.8 million posted in the prior year. The company’s net loss improved to $133,200 or $0.00 per share from $1.8 million or $0.08 per share.
Xigem Technologies Corporation (CSE:XIGM) (FRA:2C1) has posted its first results as a public company showing it ended 1Q 2021 with C$1.9 million in cash. The Canadian technology provider said it expects to begin recognizing revenue by 3Q 2021 as it looks to commercialize its patented Software-as-a-Service iAgent cloud-based platform across multiple billion-dollar industries. During the quarter ended March 31, 2021, Xigem signed a letter of intent with Insurance Supermarket Inc – its first entry into the US$3 billion insurance technology market – and another with FluBusters Inc, giving it a foothold in the US$1.5 trillion consumer packaged goods sector.
Aequus Pharmaceuticals Inc. (CVE:AQS) (OTCQB:AQSZF) has reported its financial results for the first quarter ended March 31, 2021, showing good progress in spite of the coronavirus (COVID-19) pandemic. In the results statement, Doug Janzen, Aequus chairman and CEO, commented: “We had a productive start to 2021. Despite the many COVID-19 related restrictions that impacted all of Canada, our sales force continued to find creative ways to manage the business. We were excited to launch our new E-commerce platform www.aequuseyecare.ca. This new tool strengthens our established sales infrastructure and will allow us to more readily take on new products and scale up commercial operations, as needed when sales opportunities are expected to change after current COVID restrictions are lifted.”
Lingo Media Corporation (CVE:LM) (OTCMKTS:LMDCF) (FRA:LIMA) has said it expects to see sales growth starting in the current quarter as it expands its online English language learning capabilities. The education company, which runs both online and print-based learning programs, reported a 53.4% increase in 1Q 2021 revenue of C$149,080 compared to $97,134 in the same period last year. During the three-month period to end March 31, 2021, Lingo added new sales personnel for the big markets of Latin America and Asia and boosted its pedagogical expertise internationally. The company also continued development on its new mobile app, Ola Learning, and launched new desktop learning platform Speak2Me.
Sassy Resources Corporation (CSE:SASY) (OTCQB:SSYRF) announced it has completed the definitive agreement to option its Nicobat Property in northwest Ontario to privately-held MAX Power Mining Corporation. The agreement makes Sassy the largest shareholder in the new battery metals-focused company, according to a statement. MAX Power has completed an initial financing and has prepared listing submissions for a Canadian exchange, Sassy told investors.
PlantX Life Inc (CSE:VEGA) (OTCQB:PLXTF) (FRA:WNT1) announced the creation a new PlantX personalized web page showcasing PlantX products that have been curated by tennis champion, entrepreneur and PlantX Ambassador Venus Williams. The company said the new centralized platform aims to provide an outlet for Williams to advocate for the benefits of living a plant-based lifestyle as well as increasing awareness of the company’s product offerings.
Plurilock Security Inc (CVE:PLUR) (OTCQB:PLCKF) announced its spring 2021 product release of new cybersecurity solutions, which includes enhanced functionality for its enterprise authentication solutions for Plurilock’s ADAPT standards-based login multi-factor authentication (MFA) and Plurilock’s DEFEND continuous authentication. The company said the product releases provide additional early access features, including new application compatibility, additional customization and tuning, and data privacy enhancements.
Loop Insights Inc (CVE:MTRX) (OTCQB:RACMF) announced it is changing its name to Fobi AI Inc to focus on enterprise clients. In a statement, the Vancouver-based data intelligence company said the purpose of the rebrand is to help the company align with its key product, the Fobi IoT platform, as it transitions out of a startup and into an “enterprise player,” according to the firm.
Braxia Scientific Corp. (CSE:BRAX) (OTCMKTS:BRAXF) (FRA:496), said it has appointed Dr David Greenberg, the team physician for the Toronto Argonauts of the Canadian Football League, and an expert panel member for the ECHO Concussion Program (ECHO) at the University Health Network. to its board of directors. The company noted that Dr Greenberg is has been a nationally recognized general medical practitioner for more than 30 years and a lecturer at The University of Toronto in the Department of Family and Community Medicine, and brings extensive experience in Mental Health and Concussions. He has developed and implemented multiple education programs for medical practitioners, nationally and internationally, and is regarded as an international health expert and keynote speaker on the topic of depression and related disorders.
GlobeX Data Ltd. (OTCQB:SWISF) (CSE:SWIS) (FRA:GDT) has announced that, as part of its US national rollout of its Sekur privacy and security communications platform, the company will be featured on Newsmax TV on the New to the Street segment of Newsmax TV on Sunday, May 31, 2021, at 10.00am Eastern Standard Time and on Fox Business on Monday, May 31, 2021, and Tuesday, June 1, 2021. Alain Ghiai, CEO of GlobeX Data said: “We are very happy to be featured again on Newxmaxtv.com and foxBusiness.com as part of our marketing and branding efforts in the US market. We are planning a lot more media awareness through TV, Radio, Podcasts and Email campaigns as we ramp up our marketing efforts in the United States. As we are not connected, and never have been connected, to AWS, Microsoft Azure or Google Cloud platforms, commonly referred to as “Big Tech”, we can offer a truly independent, private and secure means of communications through secure messaging, secure voice record transfer and secure email and secure video conferencing, through our proprietary technology and our secure servers based in Switzerland. We have seen a surge in demand and inquiries for our secure and private communications solutions and have started to see some signups for Sekur coming from US consumers. The US market represents the largest consumer and business market in the world for us and we are happy to finally offer true privacy and no data mining to everyone in the US.” The segment can be seen on this weblink for all internet viewers: https://www.newsmaxtv.com/. The segment can also be found at: https://newtothestreet.com/new-to-the-street-tv
Western Magnesium Corp (CVE:WMG) said the TSX Venture Exchange has accepted for expedited filing documentation relating to a July 24, 2020, service contract between the company and Industrial Surplus Supplies Ltd. (ISL) (Don Stirling), under which ISL will build a prototype internally heated testing lab furnace for the testing of a magnesium production process. The consideration is $200,000 payable in cash or shares, up to a maximum of 1,538,461 shares.
Silver Range Resources Ltd (CVE:SNG) said the TSX Venture Exchange has accepted for filing the company’s proposal to issue 172,147 shares in consideration of certain geological and consulting services totalling $35,437.50 provided to the company between October 1, 2020, and March 31, 2021, under an agreement dated April 1, 2019, as amended on April 1, 2020.
Green Battery Minerals Inc (CVE:GEM) said the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 20, 2021, and May 27, 2021, which will see the issue of 2,212,000 flow-through shares with a purchase price of 25 cents per flow-through share together with 1,106,000 share purchase warrants with an exercise price of 50 cents for a two-year period with 35 placees
Tetra Bio-Pharma Inc. (TSX:TBP) (OTCQB:TBPMF) (FRA:JAM1) has announced that all matters presented for approval at the company’s annual general and special meeting of shareholders held on Friday, May 28, 2021, via live audio webcast online were approved. All of the nominees listed in Tetra’s management information circular dated April 20, 2021, namely Dr Guy Chamberland, Dale Weil, Brent Norton, John Kim and Catherine Auld, were elected as directors of the company until the next annual meeting of shareholders or until their successors are elected or appointed. The proposal to appoint McGovern Hurley LLP as auditor of the company and to authorize the board of directors of the company to fix the remuneration to be paid to the auditor was also approved by a majority of shareholders at the Meeting. The ordinary resolution approving the amended and restated omnibus equity incentive compensation plan of the company and approving the unallocated awards thereunder, the whole for a period of three years was adopted by a majority of shareholders at the meeting as well.
Nova Royalty Corp. (CVE:NOVR) (OTCQB:NOVRF) has reported its financial results for the first quarter ended March 31, 2021. Nova’s auditor reviewed interim financial statements and management’s discussion and analysis for the three months ended March 31, 2021, are available on Nova’s website at www.novaroyalty.com and on SEDAR,COM. Alex Tsukernik, president and CEO of Nova, commented: “Nova is growing into a unique investment option for the global energy transition. We completed several major acquisitions in the first quarter of this year with royalties on Taca Taca and Vizcachitas, and look forward to the rest of 2021”