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NA Proactive news snapshot: WeedMD, Minera Alamos, Exactus, Quantum Computing UPDATE ...

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

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WeedMD Inc (CVE:WMD) (OTCMKTS:WDDMF) said Thursday that its newly acquired subsidiary Starseed Medical Inc signed a major new client for its medical cannabis program. The company is working with the 4,000-member strong Labourers’ International Union of North America (LiUNA) Local 1059, based in London, Ontario, to provide members and their dependents with medical cannabis as a reimbursement benefit. The union is the fifth local chapter to come on board Starseed’s medical cannabis program, joining chapters in Toronto, Hamilton-Niagara and Windsor. WeedMD said additional chapters are expected to join in 2020 along with other new insurance payor groups.

Minera Alamos Inc (CVE:MAI) (OTCMKTS:MAIFF) is on track to build and commission its first gold mine as it revealed that construction at the Santana project in Sonora state, Mexico was now underway. "This marks a major step in the company's transition from gold project developer to gold producer in 2020," the company said in a stock market statement. Santana is a simple open-pit heap leach project and the strategy is to develop this first and use cashflow from that mine to advance its other Mexican project -- La Fortuna -- which already features a resource estimate and preliminary economic assessment (PEA).

Exactus Inc (OTCQB:EXDI), has added Daniel Alberttis, a managing director at The Kannico Agency, to its board of directors. Alberttis leads the firm’s Strategic Philanthropy division, where he oversees client engagements with corporations, high-net-worth families and private foundations. Before that, he worked in various management roles for 13 years at large financial institutions, including six years at JP Morgan Chase. “Dan’s extensive experience in high finance and as a corporate advisor will be a perfect fit as we evaluate mergers and acquisitions as well as opportunities to help benefit people in need of our products,” CEO Emiliano Aloi said in a statement.

Quantum Computing Inc (OTCMKTS:QUBT) has released its first-ever software application: The Quantum Asset Allocator. The Quantum Asset Allocator is built to help financial institutions solve asset allocation problems. The software is available as both a cloud-based software service and as an on-premises software plus hardware system. "This is a major breakthrough for Quantum Computing,” CEO Robert Liscouski said in a statement. “We are excited to be releasing the Quantum Asset Allocator which will provide small and medium sized funds the ability to do asset allocation that previously was the province of large brokerage firms, mutual fund and the largest quant funds. Beta tests have demonstrated superior portfolio performance using quantum inspired techniques on both classical and existing quantum computing hardware.”

Aequus Pharmaceuticals Inc (CVE:AQS) (OCTMKTS:AQSZF) unveiled positive news on its tacrolimus drug in British Columbia, which is used to prevent patient rejection after organ transplants. As of November 4, 2019, a major health authority mandated that the drug Sandoz tacrolimus is to be dispensed to all new patients requiring tacrolimus for prophylaxis in the province. "Our commercial and market access teams have worked hard to provide the province with an alternative to the branded product, Prograf, which currently sells roughly $20M in product annually in British Columbia," said Doug Janzen, CEO. "This access will provide an added boost to our already impressive performance of growing Sandoz tacrolimus revenues across Canada and is the second piece of positive reimbursement news that Aequus has had regarding its growing product portfolio so far in 2020."

Nano One Materials Corp (CVE:NNO) (OTCMKTS:NNOMF) said its latest battery durability improvements engineered with its patented, coated nanocrystal innovations had piqued the interest of global car makers. The Burnaby, British Columbia, company said its coated nanocrystal innovation enhanced the “durability and cost of lithium-ion battery cathode materials” and was spurring “opportunities” with global car makers. "Tesla's research provides evidence that batteries made with single crystal cathodes can last an order of magnitude longer than conventional composite cathode structures in battery cycle testing," said CEO Dan Blondal. "These results help to substantiate Nano One's technology advantage and have spawned a great deal of interest in our coated nanocrystal innovation which produces our patented single crystal cathode powders."

Next Green Wave Holdings Inc (CSE:NGW) (OTCMKTS:NXGWF) opened the doors to a new flagship retail store selling the company’s line of CBD brands and products. The 5,000-square foot space in San Diego is located just between the trendy Hillcrest and North Park areas of the city on 2002 University Drive. A historical building, the store is known for its brightly-painted exterior courtesy of Los Angeles artist Risky.

Metalla Royalty & Streaming Ltd (NYSEAMERICAN:MTA) (CVE:MTA) announced Thursday the appointment of long-time industry veteran Terry Krepiakevich to the board as an independent director. "We are privileged to have Mr. Krepiakevich join the Metalla team and chair our audit committee,” said CEO Brett Heath in a statement. "Mr. Krepiakevich has over 30 years of diverse experience as a CPA, CFO, and has served on several audit committee positions on both TSX and NYSE American listed companies."A Chartered Professional Accountant, Krepiakevich is currently a member of the board of directors of several publicly listed and private companies, including as chair of the audit committee for Alexco Resource Corp (NYSEAMERICAN:AXU) since July 2009, and a director of Kaizen Discovery Resource Corp.

Phunware Inc (NASDAQ:PHUN) has released new features in its Multiscreen-as-a-Service (MaaS) platform that give brands access to real-time user activity data. The new user engagement and retention features allow businesses to utilize key performance indicators by creating specific segments of users, calculating approximate audience sizes and building cross-platform campaigns. "With the release of these features, marketers will be able to easily target and adjust specific user segments created automatically through user behavior," EVP of Product and Engineering Matt Lindenberger said in a statement. "They will also have the ability to use these segments to engage, re-engage and retain app users through mobile engagement campaigns configured on our MaaS platform."

Capstone Turbine Corporation (NASDAQ:CPST) announced Thursday that a university in Washington, DC, has signed a nine-year Factory Protection Plan (FPP) long-term service contract covering the C1000S ICHP (Integrated Combined Heat and Power) trigeneration solution system. The Capstone C1000S with integrated heat recovery modules was originally shipped in February 2019 and was commissioned in December. The Capstone said its solution is used for 24x7 electrical and thermal generation and is configured as Dual Mode (capable of providing back-up power to critical loads in the event of a grid outage). The university also installed two 100-ton absorption chillers that enable them to simultaneously produce electricity, heat and cooling thermal energy, making it an extraordinary trigeneration solution. The unnamed university, which is more than a century old, selected the Capstone C1000S ICHP factory-integrated power package primarily due to its clean energy initiatives and energy resiliency requirements.

eWellness Healthcare Corporation (OTCMKTS:EWLL) is bringing its direct-to-consumer telehealth PHIZIO physical therapy (PT) platform to New Jersey starting in February. The company is accompanying its Garden State launch with an innovative ad campaign designed to inform patients that PT conducted with PHIZIO telehealth must be reimbursed by private insurance at the same rate as in-clinic care according to state law. New Jersey has a population of roughly 8.9 million people and 6.9 million adults.

Cabral Gold Inc (CVE:CBR) is looking to define a high grade resource at its flagship Cuiú Cuiú gold project in Brazil in the near term, the firm said, as it ran through its accomplishments in 2019. More drill results are also expected to be released in the next few weeks from the second phase of work carried out at the property in the Tapajós Region within the state of Pará in the fourth quarter. "The focus of historic drilling at Cuiú Cuiú was on identifying large low-grade bulk-minable gold deposits, but we have now been able to clearly demonstrate that these zones of lower-grade mineralization frequently form halos to structurally controlled zones of higher-grade (plus 10 g/t) gold mineralization," noted Dr Alan Carter, CEO at Cabral."The evidence from both of our 2019 drill programs suggests that these high-grade zones have both lateral and vertical continuity. I look forward to 2020 as we work towards defining a high-grade resource on the project and continue to explore its regional potential."

Dunnedin Ventures Inc (CVE:DVI) (OTCMKTS:OTCFF) told investors it had intersected a new zone on its MPD copper-gold project as part of its current drill campaign. The new Gate Zone contains the highest-grade porphyry copper-gold mineralization reported in drill core to date and underlies a large copper-in-soil anomaly with over one kilometre of strike at the Prime area of the project. Results include 102 metres of 0.7% copper equivalent, or 0.5% copper and 0.2 grams per ton gold at MPD, which is located in southern British Columbia.

Maxtech Ventures Inc (CSE:MVT) (OTCMKTS:MTEHF) said it had struck a deal to buy land in the James Bay region to expand its gold exploration to Quebec. The junior Canadian explorer said the property is in the same greenstone belt as Azimut Exploration Inc’s (TSXV:AZM) wholly-owned Elmer Property discovery in James Bay. "Given the exciting results from both the Dios Exploration's Kali Project and Azimut's Elmer property and our proximity to these promising gold zones, we will complete due diligence and sign off on a definitive agreement as soon as possible,” said Maxtech Ventures CEO Peter Wilson. Maxtech will own a 100% interest in the property by issuing 2 million units consisting of shares and share purchase warrants exercisable at $0.20 and paying $10,000 on the date of approval.

HighGold Mining Inc (CVE:HIGH) (OTCMKTS:HGGOF), whose flagship asset is in Alaska, began trading today on the US over-the-counter market under the ticker 'HGGOF'. The resource group's primary stock exchange listing remains on the TSX Venture Exchange in Toronto. "We understand the importance to our US investors of having a US quoting and trading platform," said HighGold CEO Darwin Green. "To that end, we are very pleased to offer this option to our current US shareholders and those we hope will become shareholders now that we are on this over-the-counter platform."

Ximen Mining Corp (CVE:XIM) (OTCMKTS:XXMMF) is planning geochemical and geophysical surveys followed by diamond drilling at its historic Amelia gold mine property in British Columbia this year. In June last year, the firm announced the deal to acquire properties in Camp McKinney near Baldy Mountain Resort."For 2020, Ximen is planning geochemical and geophysical surveys followed by diamond drilling. The goal is to locate extensions and parallel veins. Permitting will commence imminently," Ximen said in a statement on Thursday. In the same statement, Ximen said that it had now closed its non-brokered private placing, raising gross proceeds of C$140,550.

Gatling Exploration Inc (CVE:GTR) (OTCMKTS:GATGF) reported positive step-out drilling news from its Larder gold project in Ontario, saying the Bear deposit there has been extended nearly 1km to the west and closer to surface. Bear is one of three deposits at the flagship project, which the firm believes are all connected via mineralization. The other two are Fernland and Cheminis. Two holes were sunk between the Bear and Cheminis deposits and excellent widths and grades were encountered. "We have further extended the Bear deposit – this time nearly one kilometer west and much closer to surface," said Dale Ginn, Gatling's chief operating officer. "The new holes encountered strong grades and widths and are particularly important because the plunge direction of the mineralized lenses is becoming predictable, which in turn help us to target further expansions."

Allot Ltd. (NASDAQ:ALLT), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, has said it will host a conference call to discuss its fourth quarter and full year 2019 earnings results, on Tuesday, February 4, 2020 at 8:30am ET (1:30pm UK, 3:30pm Israel), with the financial results to be published prior to the commencement of the call. A live webcast of the conference call can be accessed on the Allot website at http://investors.allot.com/. The webcast will also be archived on the website following the conference call.

Bay Talent Group Inc (CVE:HIRE) has launched its Partner on Premises program, a unique revenue share partnership with BTG that allows organizations to offer staffing solutions to their contacts and clients as an additional revenue stream. Stockhouse Publishing has confirmed participation in the program. The Partner on Premises program relies on BTG's operating subsidiaries to provide recruitment and staffing through a revenue-sharing arrangement

DRDGOLD Limited (JSE:DRD) (NYSE:DRD) said its results for the six months ended 31 December 2019 will be released on Wednesday, 12 February 2020.


 

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Price: 7.54 USD

NASDAQ:CPST
Market: NASDAQ
Market Cap: $84.27 m
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