NA Proactive news snapshot: Heritage Cannabis, Orogen Royalties, Predictiv AI, Blackrock Gold UPDATE …

A glance at some of the day's highlights from the Proactive Investors US and Canada newswires

Newspapers and laptop
Your daily round-up from the world of Proactive

Heritage Cannabis Holdings Corp (CSE:CANN) (OTCMKTS:HERTF) announced Thursday it had completed the acquisition of Colorado-based Opticann Inc, an oral and topical cannabinoid company. The deal is for an initial consideration of up to C$5 million in common shares and warrants of Heritage, the Toronto-based company said. Opticann, which was founded by several former executives of MedReleaf - a Canadian medical cannabis company that was acquired by Aurora Cannabis Inc for $3.2 billion in 2018 - has the rights to exclusively sell CBD and CBG products made with the patented VESIsorb drug delivery system for optimized absorption and stability.

Orogen Royalties Inc (CVE:OGN) told investors Thursday it had optioned out its Baby Doe gold project in Nevada to Au-Reka Gold Corporation, which is a subsidiary of major Premier Gold Mines U.S.A. The asset is a gold-silver epithermal vein prospect, which sits in the White Mountains of Esmeralda county and lies within a large alteration zone containing historic mercury mines.

Predictiv AI Inc (CVE:PAI) (OTCMKTS:INOTF) (FRA:71T), a software and solutions provider in the artificial intelligence and industrial IoT markets, said it has completed a non-brokered private placement of 8,336,439 common shares at a price of $0.18 per common share for gross proceeds of C$1,500,559. The proceeds of the offering will be allocated to all aspects of the production planning, manufacturing and go to market phase for the ThermalPass fever detection system. Additionally, proceeds will be dedicated to AI Labs product development initiatives and general working capital purposes.

Blackrock Gold Corp (CVE:BRC) has posted more drill results from the maiden program at its Tonopah West project in Nevada, which underscore the site's potential. So far, nearly 14,000 metres (m) have been completed in 28 holes and the program has been expanded to 30,000m. Assays for 16 holes have been released so far, with 14 showing significant and high-grade intercepts, ranging from 1.5m to 29m in thickness, with grades from 300 grams per ton (g/t) silver-equivalent (AgEq) to 4,643 AgEq.

International Montoro Resources Inc (CVE:IMT)(FRA:O4T1) is set for an airborne geophysics survey of its 1,296 hectare (ha) Blackfly gold project in northwestern Ontario, it told investors Thursday. The study will collect data over 203-line kilometers at 100 metre (m) spacing and be performed alongside Falcon Gold's (CVE:FG) (OTCPINK:FGLDF) recently announced airborne survey at the Central Canada Gold asset, which is situated to the west and immediately tied-on.

Phunware Inc (NASDAQ:PHUN) announced Thursday a Multiscreen-as-a-Service (MaaS) contract extension by one of the largest, privately-held real estate companies in the US for its Smart Shopper Solution to enhance the retail shopping experience on mobile. Austin-based Phunware said the customer specializes in shopping, entertainment and residential developments, while also developing parks and plazas integrated with retail environments and mixed-use developments that feature a blend of shopping, dining and entertainment alongside residential living. Phunware's MaaS Smart Shopper Solution on Apple iOS and Google Android helps real estate developers, real estate investment trusts and retailers transform their guest and shopper experiences with contextually-triggered messaging, real-time mapping, navigation and directions, concierge services, parking and valet assistance, location sharing, geofence-based commerce offers, and more.

HealthLynked Corp (OTCQB:HLYK) said Thursday that ACO Health Partners LLC, an accountable care organization owned by HealthLynked subsidiary Cura Health Management LLC, reported its third consecutive year of shared savings. ACO Health Partners, which works with healthcare providers to give coordinated high quality care to Medicare patients, was able to reduce costs for Medicare by nearly $1.5 million and net itself $767,743 in shared savings revenue, according to performance results by the federal agency that handles Medicare. In addition, the group’s ongoing Medicare beneficiary growth initiatives resulted in a four-fold increase in the ACO's covered beneficiary base to 11,500 going into the 2021 savings year, according to a statement. Savings are anticipated to grow at the same rate or better, ACO added.

Loop Insights Inc (CVE:MTRX) (OCTMKTS:VRZPF) revealed that it has inked its first deal with partner bdG Sports to provide venue tracing and fan engagement solutions for the NCAA college basketball bubble, in Las Vegas. In step with the revised NCAA Division I season for 2020-2021, bdG is hosting multiple men's and women's college basketball tournaments, as well as non-conference matchups and additional regular-season games. Labeled the #VegasBubble, bdG has worked closely with MGM Resorts to establish comprehensive health and safety protocols for the players, officials, and personnel with Loop's venue tracing platform anchoring the overall plan. The basketball games will be played at MGM Grand Garden Arena, Mandalay Bay Events Center, and T-Mobile Arena between November 25 and December 22 this year, in Las Vegas.

Nova Royalty Corp. (CVE:NOVR) said that it has struck royalty purchase agreements to acquire an existing 0.24% Net Smelter Return (NSR) royalty on First Quantum Minerals Ltd’s (TSX:FM) Taca Taca copper-gold-molybdenum project, in Argentina for around US$12.75 million in a cash-and-stock deal. Nova CEO Alex Tsukernik said: "Taca Taca is one of the world's premier copper development projects, under the ownership of an outstanding operator in First Quantum. Its size, grade, and location, position it among the top tier of a new generation of copper mines necessary to facilitate the world's transition from fossil fuels to clean energy.” The transaction includes upfront US$8.5 million in cash and 2 million Nova shares. Nova will make additional cash payments of US$0.5 million six months after closing, US$1 million 12 months after closing, and US$0.5 million 24 months after closing.

BetterLife Pharma Inc (CSE:BETR) (OTCQB:BETRF) announced Thursday that it will be teaming up with VirTrial LLC to conduct patient monitoring for its imminent COVID-19 clinical trials in Australia to test the efficacy of AP-003, a proprietary interferon alpha 2b formulation. VirTrial is a telehealth platform provider that is changing the way pharmaceutical companies conduct clinical trials and enabling research sites to improve patient recruitment and retention. BetterLife said VirTrial’s platform enables the company to empower its selected clinical research sites to perform virtual visits – a combination of secure video, audio, chat, and messaging, which can be used on any device. Incorporating virtual visits facilitates BetterLife to evaluate, qualify and routinely monitor both patients and research sites for studies without physical travel.

Mawson Gold Ltd (TSE:MAW) (OTCPINK:MWSNF) said it had become a founding member of the newly established European Raw Material Alliance (ERMA), which aims to bolster the bloc's economy, supply chains and investment into the raw materials sector. "The EU has identified raw materials as a key enabler for a globally competitive, green, and digital Europe," said Mike Hudson, the chief executive of Mawson, in a statement.

Innocan Pharma Corporation (CSE:INNO) will provide a corporate update to the investors community and shareholders through a Youtube live stream video on October 14 at 10 am EST. The update will include a corporate presentation by Innocan CEO Iris Bincovich describing the key research milestones achieved by the company to date, and a scientific review by Innocan's scientific advisor Prof Daniel Offen. Innocan is developing a revolutionary injectable CBD delivery system that facilitates targeted, controlled administration of cannabinoids into the bloodstream.

Byrna Technologies Inc (CSE:BYRN) (OTCQB:BYRN) has started production of its personal security devices at its new 14,000-square-foot facility in Fort Wayne, Indiana. The Massachusetts-based company said the manufacturing facility will start producing 200 units per day of the HD launcher and expects that rate to increase to 500 units per day by mid-November. Byrna told shareholders Thursday that it anticipates being able to fill a 23,000-unit order backlog by November.

Tinka Resources Limited (CVE:TK) (OTCPINK:TKRFF) is back drilling at its flagship Ayawilca zinc-silver project in Peru, with a 7,000 metre (m) program of 20 holes having kicked off. The work is aimed at converting inferred resources into higher confidence indicated ounces and also to test for extensions of zinc and silver mineralization down-dip of known zones of mineralization in step-out holes. Two drill rigs are currently on site, with a third expected to be added by the end of October.

BioLargo, Inc. (OTCQB:BLGO) subsidiary Clyra Medical technologies announced Thursday that Clyraguard, a personal disinfectant spray designed to decontaminate masks and other PPE, is now available to the public at www.clyramedical.com.

American Battery Metals Corporation (OTCQB:ABML), soon to be known as American Battery Technology Company, announced Thursday the appointment of Menka Sethi as its chief operating officer. Sethi joins the company from Facebook Inc (NASDAQ:FB), where she led the company’s location strategy and managed a $1 billion investment and policy initiative to build more affordable housing in communities where Facebook operates. She is also a licensed architect and has experience leading real-estate development finance and management projects around the world.

Willow Biosciences Inc (TSX:WLLW) (OTCQX:CANSF) has agreed to partner with researchers at the University of Lethbridge and the University of Calgary to study the therapeutic potential of non-psychoactive cannabinoids in treating intestinal inflammation, abdominal pain and depression. In a statement Thursday, the Vancouver-based company said the studies are financially supported by Alberta Innovates and involve laboratory testing in preclinical models of the disease.

Mineworx Technologies Ltd., (CVE:MWX) (OTCQB:MWXRF) (FRA:YRS) said it has engaged The Howard Group as its investor relations communications advisor to direct both traditional and online initiatives targeting the investment community and retail investing groups. The agreement is for one year effective October 09, 2020. The remuneration payable to The Howard Group will be $7,500 per month plus GST. In addition, The Howard Group has been granted options to acquire three hundred thousand (300,000) common shares of the company at an exercise price of $0.06. These options have a term of three years and will vest as follows: 75,000 options shall vest on January 09, 2021, 75,000 options shall vest on April 09, 2021, 75,000 options shall vest on July 09, 2021, and 75,000 options shall vest on October 09, 2021. The agreement is subject to the approval of the TSX Venture Exchange.

Atlas Engineered Products (CVE:AEP) (OTCMTS:APEUF) has said it intends to extend the exercise period of 5,165,000 share purchase warrants issued in 2018. AEP issued the warrants in connection with its private placement financing completed in two tranches in October and December of 2018. They are exercisable at a price of $0.60 per share for a term originally set to expire two years from the date of issuance. 4,748,750 of the warrants were set to expire on October 31, 2020, and 416,250 of the warrants were set to expire on December 3, 2020. The company is proposing to extend the expiry dates for these warrants by one year. All other terms and conditions of the Warrants will remain unchanged. The extension is subject to acceptance by the TSX Venture Exchange.

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, has announced that Facedrive Inc. (CVE:FD) (OTCQX:FDVRF), a multi-faceted "people-and-planet first" tech ecosystem offering socially-responsible services to local communities with a strong commitment to doing business fairly, equitably and sustainably, has qualified to trade on the OTCQX Best Market and today upgraded from the OTC Pink market. "Trading on OTCQX is not only beneficial for our ecosystem's US business expansion and capital structure optimization, it also helps us integrate with international capital markets and further develop our international strategies," said Sayan Navaratnam, chairman and CEO of Facedrive. "Besides supporting our ambitious international expansion plans, trading on OTCQX will facilitate the company in introducing high-quality investors around the world, enriching the composition of shareholders, solidifying the capital base and establishing our global presence."

Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST), the world's leading clean technology manufacturer of microturbine energy systems, will be participating in the Water Tower Research Virtual Conference and Fireside Chat Series today, October 8, 2020, at 12:00pm PT/3:00pm ET. The topic will be a "Business Update and Strategic Expansion of the EaaS Strategy." Hosting Jamison will be Shawn Severson, head of ClimateTech and Sustainable Investing at Water Tower Research. Topics expected to be covered include a recent business update, the refinancing of the company's Goldman Sachs note, the rental fleet expansion, and strategic initiatives behind the growing Energy as a Service (EaaS) business. Following the chat, there will be a short audience question and answer session. The presentation is open to all investors and will be webcast live and available for replay by visiting the Investor Relations section of the company's website at www.capstoneturbine.com and on the Water Tower Research website at www.watertowerresearch.com. Registration for the live event is limited but may be accessed at any time for replay.

As announced on Tuesday, Gevo, Inc. (NASDAQ: GEVO) chief executive officer, Dr Patrick Gruber will also be participating in Water Tower Research's Fireside Chat today at the same time to discuss Project Finance and Gevo’s Growth Strategy. As mentioned, registration for the live event is limited but may be accessed at any time for replay after the presentation ends on October 8, 2020, utilizing the registration link: https://globalmeet.webcasts.com/starthere.jsp?ei=1383270&tp_key=94c73bb980

Esports Entertainment Group, Inc. (NASDAQ:GMBL), a licensed online gambling company with a focus on esports wagering and 18+ gaming, has said that an interview with its CEO Grant Johnson will air on The RedChip Money Report television program. The RedChip Money Report airs in 100 million homes on Sundays at 6pm local time in every country in Europe on Bloomberg International. In the exclusive interview, Johnson discusses the Esports’ Three Pillar growth strategy as well as recent achievements and upcoming milestones. To view the interview segment, investors can visit: https://youtu.be/1LOKqZyjd_s


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Loop Insights Inc. named herein, including the promotion by the Company of Loop Insights Inc. in any Content on the Site, the Company receives...


Arizona Silver Exploration timeline of exploration at Philadelphia is on...

Arizona Silver Exploration (CVE: AZS- OTCQB: AZASF) President and CEO Mike Stark joined Steve Darling from Proactive with news the company’s drill program at their Philadelphia project is on track. Stark telling Proactive they continue to drill the project and he also provided an update for...

7 minutes ago

12 min read