logo-loader

NA Proactive news snapshot: American Manganese, Dyadic International, Mandalay Resources, Heritage Cannabis 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

American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) has signed a six-month contract with GRA Enterprises LLC, a Belleville, New Jersey-based investor relations firm. GRA will produce and publish investor bulletins on the National Inflation Association website, distribute investor bulletins to its email list and promote posts via its blogs and social media accounts. American Manganese paid GRA a $30,000 upfront cash fee. The agreement, originally reached on November 22, is subject to approval by the TSX Venture Exchange.

Analysts at Noble Capital are taking a bet on Dyadic International Inc (NASDAQ:DYAI) and are sticking to their Buy rating on the biotech while raising their price target on its stock to $11 from $9. Fresh data supports the potential of the company’s proprietary C1 platform – a fungal expression technology for producing enzymes – which helps bring biologic vaccines, therapeutic enzymes, proteins, biosimilars and drugs to market faster and at a lower cost. The Noble team is particularly impressed by new evidence provided by Dyadic’s research partner VTT Technical Research Centre of Finland (VTT), which shows the building block for hyman glycan is produced by the C1 platform. “We think this is a key milestone for the company to validate the C1 platform in bioproduction,” wrote Noble analysts in a note.

The TSX Venture Exchange has accepted an agreement among Blue Star Gold Corp, Mandalay Resources Corp (TSE:MDN) and Lupin Mines Inc dated July 19 in which the terms of the Ulu option agreement will be amended. To acquire a 100% interest in the Ulu gold property, Blue Star must pay $450,000 to Mandalay in lieu of issuing 15 million common shares of Blue Star, with such payment being made upon the closing of the transfer of the Ulu property; assume all environmental liabilities of the property, including all current and future obligations to any regulatory agency; arrange for a third party cash payment of $200,000 for the 5 million common shares of Blue Star held by Mandalay upon the closing of the transfer. Mandalay will transfer to Blue Star a 100% interest in the Ulu property and associated permits; assign all of its rights to the remediation security, currently standing at about $1.68 million and held by the Nunavut Water Board; and transfer all right, title and interest in all structures, property and equipment located on the Ulu property.

Heritage Cannabis Holdings Corp (CSE:CANN) (OTCMKTS:HERTF) announced Tuesday details of its mutual supply agreement with Zenabis Global Inc (CVE:ZENA), a licensed cannabis cultivator. In a statement, Heritage said both companies have entered into two further agreements -- right of first offer (ROFO) and cannabis extraction. Both agreements took effect on November 6 via Voyage Cannabis Corp, a subsidiary of Heritage. In May, both companies announced initial plans for a supply agreement. Under the terms of the ROFO, Heritage will have the right to acquire high-quality trim cultivated by Zenabis, which is not otherwise committed under a pre-existing purchase agreement, from any of its licensed facilities. Under the terms of the extraction agreement, Zenabis will supply Voyage with select cannabis biomass for processing into the distillate. Heritage will deliver the final product by the end of 2019. 

Q BioMed Inc (OTCMKTS:QBIO) announced that its technology partner Mannin Research Inc highlighted a potential new treatment for acute kidney injury (AKI) at a medical conference in Washington DC earlier this month. Mannin’s data, presented at the American Society of Nephrology’s annual meeting, showed that the Ang-Tie2 signaling pathway represents a promising therapeutic target to treat AKI after hypotension, sepsis or cardiovascular events such as strokes. Those types of events can cause ischemia, or low blood flow. The sudden return of blood flow, known as ischemia–reperfusion, can cause AKI.

Globex Mining Enterprises Inc (TSE:GMX) (OTCMKTS:GLBXF) told shareholders Tuesday that it has completed further exploration work on its Francoeur/Arntfield Gold Mines property in Quebec. Exploration included stripping, channel sampling and diamond drilling on several areas of the property, which is located 18 kilometres west of the historic mining town of Rouyn-Noranda. Highlights from the channel sampling program at the 450 Zone of the property returned results such as 5.6 grams per ton (g/t) gold over 1 metre and 6.2 g/t gold over 4 metres.

Surge Holdings Inc (OTCMKTS:SURG), a fintech company designed to help underbanked communities, said its wholly owned subsidiary, Surge Logics, completed the development and launch of InTake Logistics, a proprietary sales and customer relationship solution for law firms specializing in mass tort lawsuits. “After months of development, we are excited to launch InTake Logistics, a proprietary CRM software solution that facilitates the entire process of delivering signed retainer services to law firms,” Carter Matzinger, president of Surge Logics, said in a statement

Exactus Inc (OTCMKTS:EXDI) said that it has signed an endorsement and co-branding deal with high-profile Grammy-nominated Miami producers and songwriting duo Cool & Dre. The celebrity endorsement is likely to boost Exactus, an established point-of-care diagnostics tools healthcare company which diversified in January 2019 to pursue opportunities in hemp-derived CBD products. In a statement, Exactus CEO Emiliano Aloi said it was a “great honor” to work with Marcello "Cool" Valenzano and Andre "Dre" Lyon, who have produced together for nearly two decades as Cool & Dre. Cool has been a Crohn’s disease sufferer and is keen on talking about how cannabinoids and Exactus products have helped his condition.

Harvest One Cannabis Inc (CVE:HVT) (OTCMKTS:HRVOF) on Tuesday reported a 142% increase in revenue year-over-year for its fiscal first quarter of 2020. The company took in a record $4.1 million in revenue during the three months ending September 30. Revenue increased by 34% from the previous quarter. In a statement, CEO Grant Froese said in the company's “diverse product portfolio,” 50% of revenue comes from cultivation and remainder from its medical and consumer divisions. In fact, revenue growth in the first quarter was 125% and 42%, respectively, over the previous quarter in its cultivation and medical/nutraceutical segments. "We are very encouraged by strong revenue growth in the first quarter of fiscal 2020,” Froese said. “Cannabis sales throughout the industry have been greatly impacted by provincial and regulatory challenges, particularly the slow rollout of retail stores in both Ontario and British Columbia.”

EnWave Corporation (CVE:ENW) (OTCMKTS:NWVCF) is gaining further traction by striking royalty-bearing licensing and equipment lease agreements with an undisclosed Swiss cannabidiol (CBD) company. The licenses, which are the Vancouver tech company’s first foray into Europe’s burgeoning hemp market, will allow the Swiss company to process medical-grade hemp for CBD extraction using EnWave’s Radiant Energy Vacuum (REV). Per the terms of the new partnership, the Swiss company will pay EnWave a quarterly royalty based on the number of dried cannabis grams produced in the REV machinery.

Berkwood Resources Ltd (CVE:BKR) announced Tuesday that it secured an offtake agreement with the Carbon 6 Group of Companies in a move that will propel the explorer’s Lac Guéret graphite projects forward. The offtake agreement for the Lac Guéret South and Lac Guéret Extensions projects was signed with the intention to secure evaluation and development funding as well as long term product client arrangements, Berkwood said Tuesday. The two projects contain high grade graphite with a high percentage of large- and jumbo-sized flakes, setting it apart from other similar deposits.

Investment fund Grayscale Digital Large Cap Fund (OTCMKTS:GDLCF) began trading on the OCCQX Best Market, the group announced Tuesday. Grayscale’s open-ended fund allows investors to gain exposure to the price movement of a diversified basket of large-cap digital currencies through an investment vehicle, avoiding the challenges of buying, storing, and safekeeping digital currencies directly."The introduction of Grayscale's fourth publicly-traded investment vehicle on the OTCQX Market underscores the unique and innovative infrastructure we've created to support digital investment products with compliant structures for secondary trading,” said Jason Paltrowitz, executive vice president of corporate services at OTC Markets Group Inc. Shares of the fund will trade under the symbol GDLCF.

Belpointe REIT, an Opportunity Zone fund, has kicked off trading on the OTCQX market under the symbol BELP. The fund, which is the first of its kind, invests in the development of housing within US-tax friendly Opportunity zones across the country. “We are proud to welcome Belpoint REIT as the first and only publicly traded opportunity zone fund, the second Reg A pus REIT to join our market this year, and the first to trade on the OTCQZ Best Market,” said Jason Paltrowitz, an executive vice-president with the OTC Markets Group. Boenning & Scattergood served as Belpointe’s OTCQX sponsor.

Maverix Metals Inc (NYSEAMERICAN:MMX) (TSE:MMX), a gold-centric royalty and streaming company, has found its new president in mining investment expert Ryan McIntyre. McIntyre spent 11 years with Tocqueville Asset Management LP, most recently as co-portfolio manager of the Tocqueville Gold Strategy and the Tocqueville Gold Fund. McIntyre, a CFA, will continue his relationship with Tocqueville, which itself has an interest in Maverix.

Exactus Inc (OTCMKTS:EXDI) said Tuesday that it has signed an endorsement and co-branding deal with high-profile Grammy-nominated Miami producers and songwriting duo Cool & Dre. The celebrity endorsement is likely to boost Exactus, an established point-of-care diagnostics tools healthcare company which diversified in January 2019 to pursue opportunities in hemp-derived CBD products. The company sells its CBD products through its own Exactus brand and white label products to third-party resellers.

NexTech AR Solutions Corp (OTCMKTS:NEXCF) (CSE:NTAR) has signed on urban basketball apparel company JumpBall to its webAR e-commerce offering. The deal, NexTech’s first with an apparel company, will see the AR company create photorealistic 3D versions of JumpBall products that customers can interact with online.

EuroLife Brands Inc (CSE:EURO) (OTCMKTS:CANVF) said it plans to launch its own exclusive hemp cigarette brand, "HANF SWISS" in Europe. The Canadian company said it will initially distribute the brand through brick-and-mortar outlets in Europe, alongside its own CBD consumer package goods in the e-commerce marketplace once fully operational. EuroLife will have a consistent supply of hemp filler from a hemp cultivation plant on the outskirts of Dresden, Germany. EuroLife Brands said market reports suggest smokers are turning to hemp because it contains “no tobacco, no nicotine, and is rich in potentially beneficial compounds such as CBD and terpenes."

Acasti Pharma Inc (NASDAQ:ACST) (CVE:ACST) is one step closer to revealing results from its critical TRILOGY 1 trial of lead drug CaPre, which treats severe hypertriglyceridemia. The pharmaceutical company told shareholders on Tuesday that the last patient in the study completed their final visit, clearing the way to reporting results by the end of the year. Laval, Quebec-based Acasti also said it expects the last patient to complete their final visit in the TRILOGY 2 study in early January 2020, with topline results expected towards the end of January 2020.

Biome Grow Inc (CSE:BIO) (OTCMKTS:BIOIF) saw its revenue and gross profit pop in its fiscal third quarter from the previous reporting period, thanks to robust cannabis sales and despite delays in automated technology at its Highland Grow facility. Looking further along, CEO Khurram Malik is confident that the cannabis cultivator’s growth spurt in the third quarter will be followed by “accelerated growth” in the fourth quarter, which will continue next year. 

The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) (OTCMKTS:TGODF) announced Tuesday plans to raise C$22 million via bought deal financing. In a statement, the company said it intends to use the proceeds to complete the construction of its processing facility in Ancaster, Ontario and for general corporate purposes. TGOD has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp that have agreed to purchase 29,334,000 units at a price of C$0.75 per unit. Each unit shall consist of one common share and one-half of one common share purchase warrant. Each warrant shall be exercisable to acquire one common share for a period of 36 months from the closing of the transaction at an exercise price of C$1 per warrant.

WeedMD Inc (CVE:WMD) (OTCMKTS:WDDMF), the medical cannabis group, is bolstering its management by tapping Tricia Symmes as the general manager of its key subsidiary - CX Industries.  In her new post, Symmes will take the helm of CX Industries’ commercial operations and also oversee the development of its business channels and the introduction of additional cannabis products.

CROP Infrastructure Corp. (CNSX:CROP.CN) (OTCMKTS:CRXPF) announced that, further to its press release dated November 7, 2019, its non-binding letter of intent with MYM Nutraceuticals has been terminated. CROP said it continues to engage in discussions with MYM and now with additional parties regarding alternative transactions focused on specific assets of the company.

Gold Resource Corporation (NYSEAMERICAN:GORO) has declared its monthly instituted dividend of one-third of a cent per common share for November 2019 payable on December 23, 2019 to shareholders of record as of December 11, 2019. The company has returned $112 million to its shareholders in consecutive monthly dividends since July 2010 and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Orgenesis Inc. (NASDAQ:ORGS) announced it has been ranked the 5th fastest growing technology company in Maryland and 208th in North America on Deloitte’s 2019 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Orgenesis’ revenue increased by 527% during the period from 2015 to 2018. Vered Caplan, CEO of Orgenesis, commented: “We are rapidly gaining traction in the market, as evidenced by our strong year-over-year growth, and remain focused on our goal of bringing autologous therapies to patients in a cost effective, high quality and scalable manner.”

Gatling Exploration Inc. (CVE:GTR) has been tagged a ‘buy’ by Jay Taylor in the November 12, 2019, edition of ‘Gold, Energy & Tech Stocks’, the first time he has recommended the stock. In Taylor's view, Gatling's speculative risk is rendered "a lot lower" by its promising project and experienced management.

Dunnedin Ventures Inc. (CVE:DVI) has also been tagged a ‘buy’ by Jay Taylor in the November 12, 2019, edition of ‘Gold, Energy & Tech Stocks’, the first time he has recommended the stock as well. Taylor concluded that buying Dunnedin is a bit like buying a lottery ticket: do not invest what you cannot lose. But he recommended the stock to "those of you who may wish to take a chance on a four- or five-bagger based on the next couple of drill holes."

CleanSpark, Inc. (OTCMKTS:CLSK)  announced that its CEO Zach Bradford will be presenting at the 12th annual LD Micro Main Event on Wednesday, December 11th at 1:40 PM PST/4:40 PM EST and will also be available for 1-on-1 meetings with conference attendees for the balance of that day.  Bradford said: “We are pleased to be participating in the LD Micro Main Event as it is a great forum to highlight our company and the momentum our software and SaaS is gaining in microgrid applications." The LD Micro Main Event will take place on December 10th-12th in Los Angeles, at the Luxe Sunset Bel Air Hotel, and will feature 275 companies.

Nano One Materials Corp (CVE:NNO) (OTCMKTS:NNOMF) will discuss its partnerships, licensing and innovations in the lithium ion battery cathode space at the alphaDIRECT Virtual Conference Series on November 26. “We are pleased to participate in the alphaDIRECT Conference Series and help investors better understand our unique technology and the market opportunity available to us,” said CEO Dan Blondal. “We have a viable cathode technology that can lower battery costs while maintaining and even improving performance. Furthermore, we are already working with key partners on a global basis to help bring our technology to market.” The Vancouver-based technology firm will present at 10:30am PST/1.30pm ET and participants can register on the following link: https://globalmeet.webcasts.com/starthere.jsp?ei=1274060&tp_key=15075607cc

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

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 Gold Resource Corporation named herein, including the promotion by the Company of Gold Resource Corporation in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Alpine 4 Technologies growth continues in Q-1 of 2020 with a nice jump in...

Alpine 4 Technologies (OTC: ALPP) CEO Kent Wilson joined Steve Darling from Proactive Vancouver to share news about the company’s 1st Quarter financial numbers that some very good growth. Wilson shares the numbers and some of the highlights. Wilson also talked about the company’s strategy when...

19 hours, 27 minutes ago

14 min read