A glance at some of the day’s highlights from the Proactive Investors US and Canada newswires
() (OTCMTKS:BABYF) (FRA:0YL) posted first-quarter results that saw its revenue rocket 282% year-over-year on the back of plant-based, non-diary, non-soy nutritional products. For the period ended March 31, 2021, the Israel-based food and nutrition company reported revenue of C$1,135,000, up from C$297,000 in the same quarter a year earlier. There was a 90% sequential growth in revenue from C$598,000 in the 4Q of 2020. During the 1Q, Else Nutrition clocked up formula revenue of C$862,000, up 149% from C$346,000 in the 4Q of 2020. Else had a strong cash position C$22,085,000 as of March 31, including restricted cash and short-term bank deposits.
Nextleaf Solutions Ltd () () (FRA:L0MA) told shareholders that it had completed the second wholesale order from its recently announced customer, a Nasdaq-listed cannabis company. The Vancouver-based cannabis processor said its wholly-owned subsidiary, Nextleaf Labs, supplies the partner with high-purity CBD distillate to power its branded CBD oil products. “These products are distributed by provincially authorized retailers across Canada,” said the company. In addition, the company revealed that Nextleaf Labs has received an initial purchase order for around “40 kilos of high-purity THC distillate” from an Ontario licensed producer.
Tribe Property Technologies Inc (), a leading provider of technology-enabled property management solutions, has announced record revenue for its first quarter of 2021. For the three months ended March 31, the company said in a statement that it generated $3.79 million in revenue — a 253% increase year-over-year.
Inc () says the Independent Data Monitoring Committee for the ENVASARC pivotal trial has recommended that the trial will proceed as planned following the review of safety data from more than 20 patients enrolled so far. The company said the safety data reviewed included data from more than 10 patients enrolled into cohort A of treatment with single-agent envafolimab and more than 10 patients enrolled into cohort B of treatment with envafolimab and Yervoy (ipilimumab) for sarcoma, a rare group of cancers that arise in the bones and connective tissue.
Ltd () (OTCQB:STTDF) reported that the Phase II summer 2021 diamond drill program has officially begun at its flagship 25,886-hectare Davidson River Project in Saskatchewan’s Athabasca uranium district. The company said the first portion of the summer program will focus on testing new high-priority targets along the Saint and Bronco trends, as well as follow-up holes along the Warrior trend.
BTU Metals Corp () (OTCPINK:BTUMF) said it was looking forward to receiving lab results after the completion of drill hole BTU-21-66 in the TNT target area, which was drilled to 589 meters on its Dixie Halo property, in the famous gold mining area of Red Lake, Ontario. The Vancouver-based junior exploration company said the hole is currently being “logged, cut, and samples are being sent for fire assay (gold) and geochemical analysis (multi-element).” Of the 10 drill holes targeting gold in the recently completed program, all have now been logged, and all but two have been sampled and are in the lab for analysis. In a statement, BTU Metals CEO Paul Wood said: “We are looking forward to receiving lab results from our most recent drill program, particularly from the holes which intersected the arsenopyrite-bearing structure which appears to be structurally connected to the LP Fault and that could be a splay off of it.”
CytoDyn Inc (), which is developing Vyrologix (leronlimab-PRO 140) for multiple indications, revealed that Chiral Pharma Corporation placed its first purchase order for leronlimab under a compassionate special permit (CSP), to treat critically ill coronavirus (COVID-19) patients in the Philippines. The Vancouver, Washington-based late-stage biotech will earn revenue after order fulfillment and the terms of the agreement are ironed out. In a statement, CytoDyn Chief Operating Officer Dr Chris Recknor said: “One of the patient successes was recently reported last week on One News Philippines TV station. This patient had severe COVID-19 with deteriorating lung function despite treatment with antivirals and steroids.”
() (NYSEAMERICAN:SVM) revealed a batch of new drill results from its 2021 exploration program at the TLP mine in the Ying Mining District of China. Drilling intersected 1.74 metres (m) of 3,911 grams per tonne (g/t) silver (Ag), 6.22% lead (Pb), 2.11% zinc (Zn) and 0.55% copper (Cu), according to a release. Those figures are true width, Silvercorp noted. Vancouver-based Silvercorp has sunk a total of 196 diamond drill holes, including 161 underground and 35 surface, at the TLP mine – 108 of which have intercepted mineralization.
LexaGene Holdings Inc () () announced it is taking steps to list its common shares on the Nasdaq Capital Market, with the goal of submitting its application before the end of 2021. The company said a successful Nasdaq listing will make its shares more accessible to retail and institutional investors in the US and internationally as well as increase share liquidity.
Marble Financial Inc () () (FRA:2V0) reports that its wholly owned subsidiary Inverite Verification Inc has completed its compliance with SOC 2 Type 1 Standards. Inverite is a leading Canadian open banking and consumer-directed finance provider offering innovative, secure, and cost-effective banking verification solutions to the financial services industry have achieved the widely recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA). Marble said the SOC 2 Type 1 report, conducted by AuditWerx, evaluated and issued opinions on Inverite’s instant bank verification system and on the suitability of the design of its controls relevant to the effectiveness of security controls in the platform and product.
KULR Technology Group Inc () said it has been issued a special permit from the US Department of Transportation authorizing the transport of lithium-ion and metal batteries for recycling.
PlantX Life Inc () () () announced an agreement to begin selling its plant-based products on Walmart Canada Marketplace online. The company said its new partnership with Walmart Canada will allow PlantX to maximize its e-commerce impact by capitalizing on the general upwards trends in e-commerce sales combined with Walmart’s ongoing online growth.
GameSquare Esports Inc () () officially congratulated the University of Maryland-Baltimore County (UMBC) for winning the first-ever Collegiate Esports Invitational, a collegiate Fortnite invitational tournament produced by Gaming Community Network, part of the GameSquare group of companies. UMBC, representing the America East conference, defeated Cal State Fullerton of the Big West conference and took home the $5,000 first prize.
Naturally Splendid Enterprises Ltd (FRA:50N) () (OTCPINK:NSPDF) has reported its first-quarter results, revealing a narrowing loss compared to the same period of 2020. The company’s net loss was C$743,636 during the three months ended March 31, down year-over-year from more than C$1.3 million. The decrease is primarily due to a dip in selling and distribution expenses which fell $464,255 due to lower production levels, offset by wage subsidies.
Talon Metals Corp () (OTCMKTS:TLOFF) (FRA:TAO) has intersected nickel-copper mineralization in over 60 holes outside the current resource area at its Tamarack project in Minnesota. In a statement, the resource company told shareholders that drilling is progressing “extremely well” at the nickel project, with consistent intersections at shallow depths in the CGO East and CGO Bend areas further afield from Tamarack’s resource. The new drill holes show that the CGO East area has continuous nickel-copper mineralization over a strike length of more than 500 metre, with mineralization of 50 to 85 metres in width, according to the company.
Ltd () has reported its financial results and operational highlights for the first quarter ended March 31, 2021, with the company highlighting a strong end to the first quarter. The company had a cash balance as of March 31, 2021, of approximately $92.1 million. In the results statement, Dror Ben-Asher, RedHill’s chief executive officer, commented: “The progress of our two novel, oral COVID-19 programs has put RedHill at the forefront of oral COVID-19 therapeutics development. Opaganib, one of the most advanced and promising novel, dual-mode of action, oral drug candidates in development for COVID-19, now has almost 100% enrollment in its global 464-patient Phase 2/3 study in severe COVID-19.”
NexTech AR Solutions Corp () () () has appointed 20-year finance veteran Andrew Chan as its new CFO, the company announced. Chan spent more than a decade in public accounting, including nine years at Ernst & Young, before moving into senior finance positions at fintech firms Real Matters Inc (TSE:REAL) and goeasy ltd (TSE:GSY), where he was involved in several financings, transactions and acquisitions.
PyroGenesis Canada Inc () (NASDAQ:PYR) () has announced two major appointments. The company has named engineering expert Nannette Ramsey an independent board director and manufacturing and high-tech veteran Ben Simo as chief financial officer.
() () (FRA:6F6) has filed its first-quarter results, which saw positive net income for a record fifth consecutive period. The incubation company recorded an adjusted net income of more than C$5.1 million and diluted earnings of C$0.05 per share. It ended the quarter with cash and equivalents of more than C$10.1 million on hand.
MedX Health Corp () has announced an increase in first-quarter revenue year-over-year due to higher sales of its SIAscope image-capture technology and corresponding cloud-based telemedicine platform DermSecure. For the three months ended March 31, the Canada-based company reported revenue of $109,657, versus $95,544 in the year-ago period. Revenues from the SIAscopy and DermSecure products were up 93% from 2020 thanks to demand in The Netherlands.
() ) () announced that it has concluded an Induced Polarity survey and planned to drill targets soon on its Felix property under development in the highly prolific Abitibi mining camp, in Quebec, Canada. The gold exploration company with properties in Northern Québec at different stages of development, said the IP survey focused on a western portion of the property, which had a “folded banded iron formation and preliminary results identified a number of chargeability anomalies that are consistent with previously reported MEGATEM conductors.” As a result, the company is refining phase 2 of its drill program on the property and said it “intends to drill the targets as soon as possible.” Vanstar said a drill rig has been secured that will be available to begin the program in September.
INDVR Brands Inc (CSE IDVR) said it has published its Financial Statements and MD&A for the 12 months ended January 31, 2021, which are available on SEDAR. INDVR said it has also granted, effective after market close on May 29, 2021, an aggregate of 8,550,000 stock options to certain executive, board members and consultants of the company in accordance with the company’s stock option plan. Each option is exercisable for one Class A Subordinate Voting Shares share in the capital of the company at a price of $0.065 per share, being the closing price of the shares on the Canadian Stock Exchange (CSE) on May 29, 2021. This is a normal-course grant that comprises part of the company’s long-term compensation and employee retention incentives program.
Ltd () said the TSX Venture Exchange has accepted for filing the company’s proposal to issue 45,999 shares at a deemed value of 71 Canadian cents per share to settle outstanding debt for C$32,659.29 (US$27,000 with one creditor.
Marvel Discovery Corp () said the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on May 21, 2021, which will see the issue of 2.4 million shares at a purchase price of 12.5 cents per share together with 1.2 million share purchase warrants with an exercise price of 25 cents for a two-year period with one place.
Plurilock Security Inc () (OTCQB:PLCKF) said it has signed a contract with a California state agency worth US$133,000 and reported that it ended its first quarter of 2021 with cash and equivalents of about C$5.9 million as of March 31, up from $1.7 million during the same period last year. The company said it generated revenue of $75,761 for the quarter, which does not include results from its recent acquisition of Aurora Systems Consulting Inc, completed on March 31. Aurora Systems realized revenue of $35.8 million in 2020.
Heritage Cannabis Holdings Corp () () (FRA:2UE) said it has signed a non-binding letter of intent to purchase California-based Bloom Brands, a collection of recreational cannabis brands.
Inc (CVE:ZAIR) (OTCPINK:MGXRF) (FRA:0E9) reports that it ended its first quarter of 2021 with $15.5 million in capital as the company advances its Zinc-air Energy Storage System. During the quarter ended March 31, the company raised more than $15 million in a private placement offering and leased a 16,000 square-foot testing and assembly facility. It intends to build five Zinc-air batteries to complete the certification process and advance the production schedule by establishing pilot production capability.
Mirasol Resources Ltd () (OTCPINK:MRZLF) and Golden Arrow Resources Corporation () have inked an option agreement on Mirasol’s drill ready Libanesa project in Argentina. Located in Santa Cruz province, Libanesa is 14,500-hectare silver-gold-lead project that was discovered and staked by Mirasol. The property lies approximately 70 kilometres west of the port of Puerto Deseado and near two producing gold mines owned by and . The agreement gives Golden Arrow an option to acquire a 75% undivided interest in the project by spending US$4 million in exploration and making staged cash payments totaling US$1 million over a six-year period.
American Manganese Inc () () (FRA:2AM) has reported the production of NMC (lithium-nickel manganese-cobalt oxide) cathode precursor material directly from recycled NMC cathode waste using its RecycLiCo process. The company said the RecycLiCo product shares the same high-quality technical specifications — such as particle morphology, size, and distribution — found in conventional lithium-ion battery cathode precursor materials. Moreover, American Manganese said it intends to enhance the flexibility of the RecycLiCo process by adjusting the ratio of leached metals before the end-cathode precursor product is made.
() () reported additional results from the 250,000 metre drilling program at its Marban property in Quebec, which included 4.1 grams per tonne (g/t) gold over 13.4 metres that expands mineralization inside the Kierens proposed open pit. The company said multiple intercepts at Marban are all located near-surface, above a depth of 200 vertical metres that demonstrate the potential to grow mineral resources in and around the proposed open-pit areas outlined in the 2020 preliminary economic assessment.
Valeo Pharma Inc () () (FRA:VP2) has announced that private payer health plans currently covering 80% of the privately insured in Canada have agreed to provide reimbursement for Enerzair Breezhaler and Atectura Breezhaler. Enerzair and Atectura are two new innovative asthma therapies that have been approved for use in Canada. “Asthma therapies are largely covered by private payers representing 50% of the total market. Reimbursement of both Enerzair and Atectura are now available for the majority of privately covered lives in Canada and reimbursement proceedings with public health plans are ready to commence,” said Frederic Fasano, Valeo’s President and Chief Operating Officer, in a statement.
Jack Nathan Medical Corp (Jack Nathan Health) () () is adding to its portfolio of medical clinics with a new location in a British Columbia-based Walmart Supercentre. The 1,394-square foot location in Campbell River will become the Toronto-based company’s sixth corporate-owned clinic. Jack Nathan said it expects that high-margin service offerings at the clinic will lead to a “significant increase” in revenue potential.
OTC Markets Group Inc (), operator of financial markets for 11,000 US and global securities, announced that Citizens Bancorp Investment (OTCQX: CBTN), a $1.4 billion asset Tennessee -based community banking company, has qualified to trade on the OTCQX Best Market. Citizens Bancorp Investment was previously privately held. Citizens Bancorp Investment begins trading today on OTCQX under the symbol “CBTN.” US investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Alchemist Mining Inc () announced it has addressed the first set of comments from the Canadian Securities Exchange relating to the company’s Form 2A listing statement respecting its previously announced acquisition of assets from All Nations Cannabis Corp. The acquisition will be an arm’s-length transaction and is expected to constitute a change of business of Alchemist under the CSE’s rules and policies. Completion of the acquisition is subject to receipt of necessary consents and approvals, including, without limitation, approval of the CSE for the listing statement and the listing of the common shares of the resulting issuer. There can be no assurance that the acquisition will be completed on the terms proposed or at all. No finders’ fees are payable in connection with the acquisition, and no advances or other consideration will be paid by Alchemist to All Nations in advance of closing of the acquisition.
Inc () () announced that it will host a virtual shareholder update call on Wednesday, June 2 at 9 am PST (12pm EST). The call will be facilitated by CEO Rob Anson and CFO Mark Lotz, who will review the company’s most recent reporting period and discuss milestones, financial strength, M&A and more. Anson and Lotz will also answer both pre-submitted and live-chat questions.
Inc () () announced it has issued a total of 4 million options to management, pursuant to its incentive stock option plan. Each option entitles the holder to subscribe for one common share of the company for $0.15 for a period of 5 years, subject to the terms of the plan.
Inc () announced that it will present at the Summer Solstice Conference-Best Ideas Bowl, hosted by The MicroCap Rodeo, held virtually June 1–4. CEO Vered Caplan is scheduled to present at 2:30 pm ET on Wednesday, June 2 and will participate in one-on-one meetings with investors and analysts throughout the conference. This Best Ideas Bowl is designed to bring attendees 25 of the best ideas from the buy-side. The presentation will be webcast live and available for replay at https://www.webcaster4.com/Webcast/Page/2134/41525.
() () () announced that its CEO James Lanthier will participate in two upcoming events in June: Benzinga Cannabis Capital Conference to be held virtually on June 3-4, in which Lanthier will participate in The Schools of Thought Around Psychedelics and How It Relates to Stock Prices panel on June 4 at 1:15 pm EST. To attend, please register here. He will also be involved in H.C. Wainwright’s Psychedelics in Psychiatry and Beyond Conference to be held virtually on June 17. Lanthier’s corporate presentation will be available on-demand starting at 7:00 am ET. To attend, register here.