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NA Proactive news snapshot: Next Green Wave, Phunware, Maxtech Ventures, BioLargo UPDATE …

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

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Next Green Wave Holdings Inc (CSE:NGW) (OTCMKTS:NXGWF) announced Tuesday that it is partnering with global media company The FADER to launch and distribute a new line of cannabis products through The FADER's enterprise. The new line of products from the company’s SD Cannabis subsidiary will include superior indoor hand-harvested and trimmed flower in collectible capsule box-sets reflecting the special, unique nature of limited-edition print magazine releases, CBD products direct to consumer (state permitting) and apparel across the country. Next Green Wave said the products will be available in the first quarter of 2020 throughout California in select dispensaries and respective delivery networks. The FADER, with a global network spanning a print and digital publication, social, film, live music and immersive cultural events and beyond, brings together a community of people who champion music, creativity, and the culture that surrounds it.

Phunware Inc (NASDAQ:PHUN) said Tuesday that its board of directors has appointed venture capitalist Eric Manlunas as its chairman. Manlunas, who is the founder and managing partner of early-stage venture capital firm Wavemaker Partners, also was named the chair of the audit committee and a member of the compensation committee, according to a statement. “We are very thankful to have added Eric Manlunas of Wavemaker Partners and Draper Venture Network (DVN) as chairman of our board of directors,” said Phunware CEO Alan Knitowski. “Eric is an exceptional leader, entrepreneur and investor and we expect his global network of companies and investors to be instrumental to the scale and success of our business rolling forward.” Wavemaker Partners is an early-stage venture capital firm dual headquartered in Los Angeles and Singapore. Since its founding in 2003, it has invested in over 350 portfolio companies and consistently delivered top quartile returns to investors.

Maxtech Ventures Inc (CSE:MVT) (OTCMKTS:MTEHF) is aiming to kick off drilling at its Panama Lake property in Red Lake, Ontario, early in the new year. The project sits on trend with Great Bear Resources' (CVE:GBR) (OTCMKTS:GTBDF) successful Dixie project and hosts a number of historically documented gold occurrences, soil geochemical anomalies and geophysical features indicative of mesothermal gold systems, Maxtech noted. "I'm excited by the Panama Gold Project and its potential for discovery!" said James Rogers, who is Maxtech's senior vice-president of exploration and a geologist with over 30 years experience at Red Lake.

BioLargo Inc (OTCMKTS:BLGO), an environmental engineering company, said Tuesday that third-party lab tests run by Southern Air Solutions Corp (SAS) showed that its patented CupriDyne Clean industrial odor and volatile organic compounds eliminator was effective in eliminating hydrogen sulfide. Hydrogen sulfide is a colorless chalcogen hydride gas with the characteristic foul odor of rotten eggs. It is a toxic air contaminant found in many industries including oil and gas refining, shipping, wastewater treatment and landfills. It’s highly corrosive and flammable and a leading cause of substance inhalation-related workplace deaths, said the company. As a result, industries that produce significant concentrations of hydrogen sulfide are required by federal law to implement measures to monitor and reduce the production of the compound. The Westminster, California, company said the SAS study confirms the “oxidation of hydrogen sulfide gas,” which validates the company’s technology in “real-world experiences with client operations.”

Metalla Royalty & Streaming Ltd (CVE:MTA) (OTCMKTS:MTAFF) has applied to list its shares on the NYSE American, it said on Tuesday. The royalty and streaming company said its shares will trade on the exchange under the symbol “MTA” and a trading date will be announced once regulatory requirements are completed. The listing marks a major milestone for the Vancouver-based company as it opens up to a potentially rich pool of new investors, CEO Brett Heath told investors.

Doug Cole, the CEO of American Battery Metals Corporation (OTCMKTS:ABML), is voicing his support for General Motors Company's new joint venture with the South Korean company LG Chem, which centers on the manufacturing of batteries for electric vehicles.  Together, the giant American automaker and its South Korean partner will invest $2.3 billion to build an electric vehicle battery cell plant in Ohio and create one of the largest battery manufacturing facilities in the world. “When two giants like GM and LG invest this kind of money to create a battery manufacturing plant, it’s a clear indicator that the explosive projections for the adoption of EV are accurate,” said CEO Doug Cole in a statement. “And it is particularly noteworthy that they will build this factory in the United States.”

Mota Ventures Corp (CSE:MOTA), is shaking up its management, with the tapping of Clifford Starke as a director to replace Patrick Morris who is stepping down from its board. Starke is the chairman of Hampstead Private Capital, a merchant bank in Bermuda that focuses on financing and offering advice to small to mid-sized companies, as well as the CEO of Franchise Cannabis Corp, a pharmaceutical cannabis company focused on Europe. Over the last five years, Starke has zeroed in on the cannabis sector and worked as a founder, shareholder, financier and advisor to a number of cannabis companies in areas ranging from genetics and cultivation to distribution and e-commerce.

Codebase Ventures Inc (CSE:CODE) (OTCMKTS:BKLLF), a venture capital company investing in early-stage technology and cannabis companies, said Tuesday that its wholly-owned subsidiary Pressland had struck a partnership with Showcase, a new digital platform that helps brands, celebrities, artists, creators and producers connect more meaningfully with their communities.  In a statement, the company also revealed that it was undertaking a $1 million financing.

HighGold Mining Inc (CVE:HIGH) reported more good drill results from its flagship project in Alaska on Tuesday, which confirm "the presence of a very robust mineralized zone".  On November 5 this year, the firm unveiled assays for the first two holes of a nine-hole program, which encountered high-grade gold and base metal mineralization. A further five holes today were reported, with highlight assays including 15.06 grams per ton (g/t) gold equivalent (AuEq) over 59.2 m in one hole, including an intersection of 38.33 g/t gold equivalent.

Weekend Unlimited Inc (CSE:POT) (OTCMKTS:WKULF) is launching sales of its WKND! cannabis products in Oklahoma, the company reported Tuesday. The Vancouver-based company said that sales and distribution of the branded products launched in the southern US state in what CEO Chris Backus called a “significant milestone” for the Canadian firm. Weekend will sell its WKND! line of pre-roll Quicksticks (small-dose joints), edibles and vape cartridges in the Sooner State.

Arcadia Biosciences Inc (NASDAQ:RKDA) announced Tuesday the launch of a new product line: GoodHemp. GoodHemp is the company's new commercial brand for delivering genetically superior hemp seeds, transplants, flower and extracts, according to a statement. Arcadia said GoodHemp will debut its first commercial product -- a disease-resistant and ultra-low THC hemp seed -- during the American Seed Trade Association CSS & Seed Expo on December 11. Accepting advance orders now, the first variety in GoodHemp's catalog, Complia Bot+, is a widely-adapted cannabis strain that delivers high CBD content (more than 10%) with ultra-low tetrahydrocannabinol (THC), the psychoactive compound in cannabis.

NexTech AR Solutions Corp (OTCMKTS:NEXCF) (CSE:NTAR) revealed Tuesday that it has scored a new customer in the shape of Tufner Weighing Systems, a manufacturer of commercial weighing and automation systems. In a statement, the company said California-based Tufner will utilize NexTech’s ARitize augmented reality eCommerce solution, a platform that was specifically designed to turn online shoppers into buyers.

Klondike Gold Corp (CVE:KG) (OTCMKTS:KDKGF) has updated its exploration model for its giant 576 sq km Klondike District property in Yukon, which will inform its drilling and exploration efforts in 2020. Klondike is bringing modern exploration methods to the famous goldfields in the Yukon, the site of the historic 19th-century gold rush. "The updated exploration model is a result of a comprehensive three-month reprocessing and recompilation program of collected data involving in-house personnel and structural, geophysical, and LiDAR outside consultants," the firm told  investors.

1933 Industries Inc. (CSE:TGIF) (OTCMKTS:TGIFF), the cannabis company, has unveiled news of a two-year licensing agreement between its subsidiary Alternative Medicine Association and The Pantry Company that will allow for the production of cannabis edibles. Pantry is set to roll out a line of healthy cannabis-infused foods, which are the brainchild of chefs, and will be on sale across California.

Cannabis One Holdings Inc’s (CSE:CBIS) (OTCMKTS:CAAOF) revealed it is joining forces with One Cannabis Group (OCG Inc) - a first mover in the US cannabis franchise space - to create an EBITDA (underlying earnings) positive group that will be able to swiftly scale up.  "Franchising is the most agile and proven way to scale in the cannabis industry," said Mike Weinberger, COO at One Cannabis Group, which began its franchise program in 2018. The combined entity expects to see solid revenue growth and to be EBITDA positive in 2020 through high-margin franchising, brand distribution and over 85,000 sq ft of indoor cultivation capacity.

mCloud Technologies Corp (CVE:MCLD) (OTCMKTS:MCLDF), the IoT and AI-focused group,  said the previously announced 10:1 share consolidation is expected to take effect Friday, December 13  this year.  Shares are expected to begin trading on the TSX Venture Exchange on a consolidated basis under the same trading symbol (MCLD) on the same day, it added.

VR Resources Ltd (CVE:VRR) (OTCMKTS:VRRCF) had its 'Buy' rating refreshed in the November 22 edition of 'The International Speculator' up to C$0.30. The stock closed yesterday at C$0.32. The writer in the newsletter reportedly said that the company could result in 1,000% gains.. "maybe even much higher". He believes that the company is now at a "critical time" for the Ranoke project, with drilling at the site just underway.

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