A look at a number of the day’s highlights from the Proactive Investors US and Canada newswires
() (OTCMTKS:BABYF) (FRA:0YL) posted first-quarter outcomes that noticed its income rocket 282% year-over-year on the again of plant-based, non-diary, non-soy dietary merchandise. For the interval ended March 31, 2021, the Israel-based meals and diet firm reported income of C$1,135,000, up from C$297,000 in the identical quarter a 12 months earlier. There was a 90% sequential progress in income from C$598,000 within the 4Q of 2020. During the 1Q, Else Nutrition clocked up method income of C$862,000, up 149% from C$346,000 within the 4Q of 2020. Else had a robust money place C$22,085,000 as of March 31, together with restricted money and short-term financial institution deposits.
Nextleaf Solutions Ltd () () (FRA:L0MA) advised shareholders that it had accomplished the second wholesale order from its just lately introduced buyer, a Nasdaq-listed hashish firm. The Vancouver-based hashish processor stated its wholly-owned subsidiary, Nextleaf Labs, provides the companion with high-purity CBD distillate to energy its branded CBD oil merchandise. “These merchandise are distributed by provincially licensed retailers throughout Canada,” stated the corporate. In addition, the corporate revealed that Nextleaf Labs has acquired an preliminary buy order for round “40 kilos of high-purity THC distillate” from an Ontario licensed producer.
Tribe Property Technologies Inc (), a number one supplier of technology-enabled property administration options, has introduced file income for its first quarter of 2021. For the three months ended March 31, the corporate stated in a press release that it generated $3.79 million in income — a 253% enhance year-over-year.
Inc () says the Independent Data Monitoring Committee for the ENVASARC pivotal trial has really useful that the trial will proceed as deliberate following the assessment of security knowledge from greater than 20 sufferers enrolled thus far. The firm stated the protection knowledge reviewed included knowledge from greater than 10 sufferers enrolled into cohort A of remedy with single-agent envafolimab and greater than 10 sufferers enrolled into cohort B of remedy with envafolimab and Yervoy (ipilimumab) for sarcoma, a uncommon group of cancers that come up within the bones and connective tissue.
Ltd () (OTCQB:STTDF) reported that the Phase II summer time 2021 diamond drill program has formally begun at its flagship 25,886-hectare Davidson River Project in Saskatchewan’s Athabasca uranium district. The firm stated the primary portion of the summer time program will deal with testing new high-priority targets alongside the Saint and Bronco traits, in addition to follow-up holes alongside the Warrior pattern.
BTU Metals Corp () (OTCPINK:BTUMF) stated it was trying ahead to receiving lab outcomes after the completion of drill gap BTU-21-66 within the TNT goal space, which was drilled to 589 meters on its Dixie Halo property, within the well-known gold mining space of Red Lake, Ontario. The Vancouver-based junior exploration firm stated the opening is at the moment being “logged, reduce, and samples are being despatched for fireplace assay (gold) and geochemical evaluation (multi-element).” Of the ten drill holes focusing on gold within the just lately accomplished program, all have now been logged, and all however two have been sampled and are within the lab for evaluation. In a press release, BTU Metals CEO Paul Wood stated: “We are trying ahead to receiving lab outcomes from our most up-to-date drill program, significantly from the holes which intersected the arsenopyrite-bearing construction which seems to be structurally related to the LP Fault and that could possibly be a splay off of it.”
CytoDyn Inc (), which is creating Vyrologix (leronlimab-PRO 140) for a number of indications, revealed that Chiral Pharma Corporation positioned its first buy order for leronlimab beneath a compassionate particular allow (CSP), to deal with critically ailing coronavirus (COVID-19) sufferers within the Philippines. The Vancouver, Washington-based late-stage biotech will earn income after order success and the phrases of the settlement are ironed out. In a press release, CytoDyn Chief Operating Officer Dr Chris Recknor stated: “One of the affected person successes was just lately reported final week on One News Philippines TV station. This affected person had extreme COVID-19 with deteriorating lung operate regardless of remedy with antivirals and steroids.”
() (NYSEAMERICAN:SVM) revealed a batch of latest drill outcomes from its 2021 exploration program on the TLP mine within the Ying Mining District of China. Drilling intersected 1.74 metres (m) of three,911 grams per tonne (g/t) silver (Ag), 6.22% lead (Pb), 2.11% zinc (Zn) and 0.55% copper (Cu), based on a launch. Those figures are true width, Silvercorp famous. Vancouver-based Silvercorp has sunk a complete of 196 diamond drill holes, together with 161 underground and 35 floor, on the TLP mine – 108 of which have intercepted mineralization.
LexaGene Holdings Inc () () introduced it’s taking steps to listing its frequent shares on the Nasdaq Capital Market, with the aim of submitting its utility earlier than the tip of 2021. The firm stated a profitable Nasdaq itemizing will make its shares extra accessible to retail and institutional traders within the US and internationally in addition to enhance share liquidity.
Marble Financial Inc () () (FRA:2V0) reviews that its wholly owned subsidiary Inverite Verification Inc has accomplished its compliance with SOC 2 Type 1 Standards. Inverite is a number one Canadian open banking and consumer-directed finance supplier providing revolutionary, safe, and cost-effective banking verification options to the monetary companies trade have achieved the well known auditing normal developed by the American Institute of Certified Public Accountants (AICPA). Marble stated the SOC 2 Type 1 report, performed by AuditWerx, evaluated and issued opinions on Inverite’s on the spot financial institution verification system and on the suitability of the design of its controls related to the effectiveness of safety controls within the platform and product.
KULR Technology Group Inc () stated it has been issued a particular allow from the US Department of Transportation authorizing the transport of lithium-ion and steel batteries for recycling.
PlantX Life Inc () () () introduced an settlement to start promoting its plant-based merchandise on Walmart Canada Marketplace on-line. The firm stated its new partnership with Walmart Canada will permit PlantX to maximise its e-commerce impression by capitalizing on the final upwards traits in e-commerce gross sales mixed with Walmart’s ongoing on-line progress.
GameSquare Esports Inc () () formally congratulated the University of Maryland-Baltimore County (UMBC) for profitable the first-ever Collegiate Esports Invitational, a collegiate Fortnite invitational match produced by Gaming Community Network, a part of the GameSquare group of corporations. UMBC, representing the America East convention, defeated Cal State Fullerton of the Big West convention and took dwelling the $5,000 first prize.
Naturally Splendid Enterprises Ltd (FRA:50N) () (OTCPINK:NSPDF) has reported its first-quarter outcomes, revealing a narrowing loss in comparison with the identical interval of 2020. The firm’s web loss was C$743,636 throughout the three months ended March 31, down year-over-year from greater than C$1.3 million. The lower is primarily as a result of a dip in promoting and distribution bills which fell $464,255 as a result of decrease manufacturing ranges, offset by wage subsidies.
Talon Metals Corp () (OTCMKTS:TLOFF) (FRA:TAO) has intersected nickel-copper mineralization in over 60 holes outdoors the present useful resource space at its Tamarack mission in Minnesota. In a press release, the useful resource firm advised shareholders that drilling is progressing “extraordinarily nicely” on the nickel mission, with constant intersections at shallow depths within the CGO East and CGO Bend areas additional afield from Tamarack’s useful resource. The new drill holes present that the CGO East space has steady nickel-copper mineralization over a strike size of greater than 500 metre, with mineralization of fifty to 85 metres in width, based on the corporate.
Ltd () has reported its monetary outcomes and operational highlights for the primary quarter ended March 31, 2021, with the corporate highlighting a robust finish to the primary quarter. The firm had a money steadiness as of March 31, 2021, of roughly $92.1 million. In the outcomes assertion, Dror Ben-Asher, RedHill’s chief govt officer, commented: “The progress of our two novel, oral COVID-19 applications has put RedHill on the forefront of oral COVID-19 therapeutics improvement. Opaganib, one of the vital superior and promising novel, dual-mode of motion, oral drug candidates in improvement for COVID-19, now has nearly 100% enrollment in its world 464-patient Phase 2/3 research in extreme COVID-19.”
NexTech AR Solutions Corp () () () has appointed 20-year finance veteran Andrew Chan as its new CFO, the corporate introduced. Chan spent greater than a decade in public accounting, together with 9 years at Ernst & Young, earlier than transferring into senior finance positions at fintech companies Real Matters Inc (TSE:REAL) and goeasy ltd (TSE:GSY), the place he was concerned in a number of financings, transactions and acquisitions.
PyroGenesis Canada Inc () (NASDAQ:PYR) () has introduced two main appointments. The firm has named engineering knowledgeable Nannette Ramsey an impartial board director and manufacturing and high-tech veteran Ben Simo as chief monetary officer.
() () (FRA:6F6) has filed its first-quarter outcomes, which noticed constructive web revenue for a file fifth consecutive interval. The incubation firm recorded an adjusted web revenue of greater than C$5.1 million and diluted earnings of C$0.05 per share. It ended the quarter with money and equivalents of greater than C$10.1 million available.
MedX Health Corp () has introduced a rise in first-quarter income year-over-year as a result of increased gross sales of its SIAscope image-capture expertise and corresponding cloud-based telemedicine platform DermSecure. For the three months ended March 31, the Canada-based firm reported income of $109,657, versus $95,544 within the year-ago interval. Revenues from the SIAscopy and DermSecure merchandise had been up 93% from 2020 because of demand in The Netherlands.
() ) () introduced that it has concluded an Induced Polarity survey and deliberate to drill targets quickly on its Felix property beneath improvement within the extremely prolific Abitibi mining camp, in Quebec, Canada. The gold exploration firm with properties in Northern Québec at totally different phases of improvement, stated the IP survey targeted on a western portion of the property, which had a “folded banded iron formation and preliminary outcomes recognized quite a lot of chargeability anomalies which might be in keeping with beforehand reported MEGATEM conductors.” As a outcome, the corporate is refining part 2 of its drill program on the property and stated it “intends to drill the targets as quickly as doable.” Vanstar stated a drill rig has been secured that shall be obtainable to start this system in September.
INDVR Brands Inc (CSE IDVR) stated it has printed its Financial Statements and MD&A for the 12 months ended January 31, 2021, which can be found on SEDAR. INDVR stated it has additionally granted, efficient after market shut on May 29, 2021, an combination of 8,550,000 inventory choices to sure govt, board members and consultants of the corporate in accordance with the corporate’s inventory choice plan. Each choice is exercisable for one Class A Subordinate Voting Shares share within the capital of the corporate at a value of $0.065 per share, being the closing value of the shares on the Canadian Stock Exchange (CSE) on May 29, 2021. This is a normal-course grant that includes a part of the corporate’s long-term compensation and worker retention incentives program.
Ltd () stated the TSX Venture Exchange has accepted for submitting the corporate’s proposal to situation 45,999 shares at a deemed worth of 71 Canadian cents per share to settle excellent debt for C$32,659.29 (US$27,000 with one creditor.
Marvel Discovery Corp () stated the TSX Venture Exchange has accepted for submitting documentation with respect to a non-brokered personal placement introduced on May 21, 2021, which is able to see the problem of two.4 million shares at a purchase order value of 12.5 cents per share along with 1.2 million share buy warrants with an train value of 25 cents for a two-year interval with one place.
Plurilock Security Inc () (OTCQB:PLCKF) stated it has signed a contract with a California state company price US$133,000 and reported that it ended its first quarter of 2021 with money and equivalents of about C$5.9 million as of March 31, up from $1.7 million throughout the identical interval final 12 months. The firm stated it generated income of $75,761 for the quarter, which doesn’t embrace outcomes from its latest acquisition of Aurora Systems Consulting Inc, accomplished on March 31. Aurora Systems realized income of $35.8 million in 2020.
Heritage Cannabis Holdings Corp () () (FRA:2UE) stated it has signed a non-binding letter of intent to buy California-based Bloom Brands, a set of leisure hashish manufacturers.
Inc (CVE:ZAIR) (OTCPINK:MGXRF) (FRA:0E9) reviews that it ended its first quarter of 2021 with $15.5 million in capital as the corporate advances its Zinc-air Energy Storage System. During the quarter ended March 31, the corporate raised greater than $15 million in a personal placement providing and leased a 16,000 square-foot testing and meeting facility. It intends to construct 5 Zinc-air batteries to finish the certification course of and advance the manufacturing schedule by establishing pilot manufacturing functionality.
Mirasol Resources Ltd () (OTCPINK:MRZLF) and Golden Arrow Resources Corporation () have inked an choice settlement on Mirasol’s drill prepared Libanesa mission in Argentina. Located in Santa Cruz province, Libanesa is 14,500-hectare silver-gold-lead mission that was found and staked by Mirasol. The property lies roughly 70 kilometres west of the port of Puerto Deseado and close to two producing gold mines owned by and . The settlement provides Golden Arrow an choice to amass a 75% undivided curiosity within the mission by spending US$4 million in exploration and making staged money funds totaling US$1 million over a six-year interval.
American Manganese Inc () () (FRA:2AM) has reported the manufacturing of NMC (lithium-nickel manganese-cobalt oxide) cathode precursor materials straight from recycled NMC cathode waste utilizing its RecycLiCo course of. The firm stated the RecycLiCo product shares the identical high-quality technical specs — reminiscent of particle morphology, measurement, and distribution — present in typical lithium-ion battery cathode precursor supplies. Moreover, American Manganese stated it intends to reinforce the pliability of the RecycLiCo course of by adjusting the ratio of leached metals earlier than the end-cathode precursor product is made.
() () reported further outcomes 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 contained in the Kierens proposed open pit. The firm stated a number of intercepts at Marban are all positioned near-surface, above a depth of 200 vertical metres that display the potential to develop mineral sources in and across the proposed open-pit areas outlined within the 2020 preliminary financial evaluation.
Valeo Pharma Inc () () (FRA:VP2) has introduced that personal payer well being plans at the moment masking 80% of the privately insured in Canada have agreed to offer reimbursement for Enerzair Breezhaler and Atectura Breezhaler. Enerzair and Atectura are two new revolutionary bronchial asthma therapies which have been accredited to be used in Canada. “Asthma therapies are largely lined by personal payers representing 50% of the full market. Reimbursement of each Enerzair and Atectura at the moment are obtainable for almost all of privately lined lives in Canada and reimbursement proceedings with public well being plans are able to start,” stated Frederic Fasano, Valeo’s President and Chief Operating Officer, in a press release.
Jack Nathan Medical Corp (Jack Nathan Health) () () is including to its portfolio of medical clinics with a brand new location in a British Columbia-based Walmart Supercentre. The 1,394-square foot location in Campbell River will develop into the Toronto-based firm’s sixth corporate-owned clinic. Jack Nathan stated it expects that high-margin service choices on the clinic will result in a “important enhance” in income potential.
OTC Markets Group Inc (), operator of economic markets for 11,000 US and world securities, introduced that Citizens Bancorp Investment (OTCQX: CBTN), a $1.4 billion asset Tennessee -based neighborhood banking firm, has certified to commerce on the OTCQX Best Market. Citizens Bancorp Investment was beforehand privately held. Citizens Bancorp Investment begins buying and selling right now on OTCQX beneath the image “CBTN.” US traders can discover present monetary disclosure and Real-Time Level 2 quotes for the corporate on www.otcmarkets.com.
Alchemist Mining Inc () introduced it has addressed the primary set of feedback from the Canadian Securities Exchange referring to the corporate’s Form 2A itemizing assertion respecting its beforehand introduced acquisition of belongings from All Nations Cannabis Corp. The acquisition shall be an arm’s-length transaction and is anticipated to represent a change of enterprise of Alchemist beneath the CSE’s guidelines and insurance policies. Completion of the acquisition is topic to receipt of mandatory consents and approvals, together with, with out limitation, approval of the CSE for the itemizing assertion and the itemizing of the frequent shares of the ensuing issuer. There could be no assurance that the acquisition shall be accomplished on the phrases proposed or in any respect. No finders’ charges are payable in reference to the acquisition, and no advances or different consideration shall be paid by Alchemist to All Nations prematurely of closing of the acquisition.
Inc () () introduced that it’ll host a digital shareholder replace name on Wednesday, June 2 at 9 am PST (12pm EST). The name shall be facilitated by CEO Rob Anson and CFO Mark Lotz, who will assessment the corporate’s most up-to-date reporting interval and focus on milestones, monetary energy, M&A and extra. Anson and Lotz can even reply each pre-submitted and live-chat questions.
Inc () () introduced it has issued a complete of 4 million choices to administration, pursuant to its incentive inventory choice plan. Each choice entitles the holder to subscribe for one frequent share of the corporate for $0.15 for a interval of 5 years, topic to the phrases of the plan.
Inc () introduced that it’ll current on the Summer Solstice Conference-Best Ideas Bowl, hosted by The MicroCap Rodeo, held nearly June 1–4. CEO Vered Caplan is scheduled to current at 2:30 pm ET on Wednesday, June 2 and can take part in one-on-one conferences with traders and analysts all through the convention. This Best Ideas Bowl is designed to convey attendees 25 of the most effective concepts from the buy-side. The presentation shall be webcast reside and obtainable for replay at https://www.webcaster4.com/Webcast/Page/2134/41525.
() () () introduced that its CEO James Lanthier will take part in two upcoming occasions in June: Benzinga Cannabis Capital Conference to be held nearly on June 3-4, during which Lanthier will take part 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 right here. He can even be concerned in H.C. Wainwright’s Psychedelics in Psychiatry and Beyond Conference to be held nearly on June 17. Lanthier’s company presentation shall be obtainable on-demand beginning at 7:00 am ET. To attend, register right here.
