NA Proactive news snapshot: Globex Mining, Empower Clinics, Harvest One, Energy Fuels UPDATE …

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

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Globex Mining Enterprises Inc (TSE:GMX) (OTCMKTS:GLBXF) told shareholders Wednesday that it has acquired new land along strike of an exciting new dISCovery in the Canadian province of Quebec. Last month junior miner Azimut Exploration reported new drill results from its Patwon project that included 102 metres at 3.2 grams per ton gold and 108.2 metres at 2.8 grams per ton. Globex’s new land totals just over 3,200 hectares covering 13 kilometres along regional strike to the southwest of Azimut’s discovery.

Empower Clinics Inc (CSE:CBDT) (OTCMKTS:EPWCF) is poised to showcase its business at the upcoming Arizona Cannabis Industrial Market Place expo on February 13 and 14 at the Phoenix convention center. The group's Sun Valley Health division will be a lead sponsor, while it will also run an onsite Sun Valley Health POP-UP medical clinic, offering cannabis consultations, certifications and services by Sun Valley Health's doctors. Also in today's statement, Empower director Andrejs Bunkse, will be taking part as an expert panelist in the "Growing Your Business in the Cannabis Industry" - Fireside Chat hosted by Rebel Rock Accounting of Phoenix, Arizona, it said.

Harvest One Cannabis Inc (CVE:HVT) (OTCMKTS:HRVOF) said the board will evaluate a range of “strategic alternatives” available to the firm with the help of Mackie Research Capital and AltaCorp Capital. Vancouver-based Harvest One said it has refocused its business on brand development and innovative new products which will position it for success in North America and Europe. Harvest One is focused on building and supporting its existing line of value-added infused products. This includes the manufacturing of its Satipharm Gelpell capsules in Canada, cannabis-infused Dream Water, LivRelief and Delivra products, vape pens and other derivative offerings. The company said a review of its non-core assets is ongoing as it seeks to reduce its overall exposure to pure cultivation and redirect its efforts and resources on brand development, production and distribution.

Noble Capital Markets has repeated its Market Perform rating on Energy Fuels Inc (NYSEAMERICAN:UUUU) a day after the White House included in its fiscal 2021 budget request a call for $1.5 billion over 10 years to establish a strategic uranium reserve. “We think the Nuclear Fuel Working Group recommendations could formalize or shed further light on whether this should be viewed in the context of a broader multi-year plan. In our view, more detail regarding implementation is needed to gauge the financial impact on Energy Fuels.”

CytoDyn Inc (OTCMKTS:CYDY) has signed a nonbinding letter of intent with Chinese medical services provider Longen China Group to develop and license its drug leronlimab as a treatment for coronavirus.  The companies will work together to find potential uses for leronlimab in fighting the coronavirus, known officially as 2019-nCoV, which has killed more than 900 people in China and infected at least 40,000, according to CNN. “We are thrilled to partner with Longen, one of the largest medical service providers in China, to develop leronlimab as a potential treatment for coronavirus and cancer,” CytoDyn CEO Nader Pourhassan said in a statement. “By working together and leveraging our expertise, we hope to bring effective and safe treatments to patients suffering from these deadly diseases.”

Information Services Corporation (TSE:ISV), a provider of information management services, announced that it has been named to the 2020 list of Saskatchewan’s Top Employers for the 12th consecutive year. The annual list is compiled by Canada’s Top 100 Employers, a magazine co-published by The Globe and Mail and Mediacorp. According to editors, ISC was selected in part because of its parental leave policy, which provides top-up payments at 95% of salary for 17 weeks and offers the option to extend their paid leave to an unpaid leave of absence. In addition, the company invests in employee development with subsidies for professional accreditation as well as tuition subsidies. Lastly, ISC helps employees plan for the future with retirement planning assistance and a defined contribution pension plan.

BioLargo Inc (OTCMKTS:BLGO) said Wednesday that it has executed a joint venture framework agreement with Bookang Tech Co Ltd (BKT), a leading wastewater treatment solution provider in South Korea to create an entity that will make industrial odor and volatile organic compounds (VOC) elimination products based on BioLargo’s flagship product CupriDyne Clean. In a statement, the Westminster, California, company said the joint venture will come into being soon and begin operations. BioLargo’s Odor-No-More division’s main product is CupriDyne Clean Industrial Odor and VOC Eliminator, which is aimed at the solid waste/landfill/compost, wastewater and oil & gas industries. The non-toxic, eco-friendly, non-pesticide product eliminates odor-causing compounds rather than masking them.

Quantum Computing Inc (OTCMKTS:QUBT), an advanced technology company, announced Wednesday the appointment of Nicholas Chancellor to its Advisory Board.  In a statement, the company noted that Chancellor’s research interests are quantum annealing, hybrid quantum classical computing, and applied algorithms for quantum computing. He is a Research and Teaching Fellow in the Department of Physics at Durham University and is an EPSRC UKRI innovation fellow for his work on energy landscape-based hybrid quantum/classical computing. \

DRDGOLD Limited (NYSE:DRD) has declared a dividend of 0.25 rand per share following a six-fold year-over-year increase in the group’s operating profit to 719.6 million rand for the six months that ended December 31, 2019. In a statement Wednesday, CEO Niël Pretorius said key drivers for the jump in operating profit were a 33% increase in gold production to 3,037 kg and a 26% rise in the average Rand gold price received. For the Johannesburg-based gold producer, higher gold production was a consequence both of steady performance from the Group’s Ergo operation and of the first phase of its Far West Gold Recoveries (FWGR) operation reaching full throughput of 500,000 tpm, Pretorius said.

Codebase Ventures Inc (CSE:CODE) (OTCMKTS:BKLLF), a venture capital company investing in early-stage technology and cannabis companies, said Wednesday that its wholly-owned subsidiary Titan Shrooms and Psychedelics Inc, saw a “rapidly changing” environment for natural psychedelics in the United States.  For most, psychedelic drugs conjure up images of the 1960's, hippies tripping out on LSD or magic mushrooms. However, the company said early studies are finding that psilocybin – the active agent in magic mushrooms could treat addiction, depression, anxiety and mental health conditions like post-traumatic stress disorder (PTSD).

Lingo Media Corporation (CVE:LM) (OTCMKTS:LMDCF) announced Wednesday that its subsidiary ELL Technologies Ltd has signed an agreement to license its interactive English language learning solution called English for Success to Liberty University. Liberty University is one of the largest private, non-profit universities in the US and one of the largest Christian universities in the world, hosting about 700 international students from 70 countries at its campus in Lynchburg, Virginia.

Gatling Exploration Inc (CVE:GTR) (OTCMKTS:GATGF) continues to make good progress at its Larder gold project in Ontario and has now uncovered a new area of mineralization called the 'North Zone' at the Cheminis part of the project. Cheminis is one of three deposits at the Larder property. The other two are Bear and Fernland. Gatling believes all three are connected. 

NexTech AR Solutions Corp (OTCMKTS:NEXCF) (CSE:NTAR) has signed a new contract with gunmaker Walther Arms, expanding its deal with the company into 2020, and adding on three additional augmented reality (AR) experiences. Walther, which manufactures the iconic PPK gun featured in James Bond films, has been a NexTech customer since April 2019. With NexTech’s technology, Walther customers can view firearms online in full 3D before making a purchase.

Weekend Unlimited Industries Inc (CSE:POT) (OTCQB:WKULF) has shored up its finances by raising C$2 million after closing the first tranche of a private placement of up to 16 million units.  Each unit consists of a share and a warrant to purchase an additional share for $0.17, for a period of two years from the issue date. 

Media Central Corporation Inc (CSE:FLYY) is going digital with the launch of a trove of online video content. The Toronto-based company said Wednesday that it is upgrading its digital properties to include online video capabilities in a bid to capitalize on the growing demand for various forms of news dissemination. Media Central’s flagship publication, NOW Magazine, will be the first title to incorporate video journalism designed to reach a maximum audience. Editorial videos will launch on NOW’s website by March 5, 2020.

Cenovus Energy Inc (TSE:CVE) said it had a strong 2019, which saw the Canadian oil producer increase its cash from operations and reduce net debt. Net earnings from continuing operations came in at C$113 million or C$0.09 per share in the fourth quarter to December 31, compared with a loss of C$1.35 billion, or C$1.10 per share in the same period a year ago. Total output from continuing operations rose 8% to 467,448 barrels of oil equivalent per day.

Capstone Turbine Corporation (NASDAQ:CPST), the world’s leading clean technology manufacturer of microturbine energy systems, announced that it has been invited to present at the NobleCon16 – Noble Capital Markets’ 16th Annual Investor Conference at the Hard Rock Hotel and Casino in Hollywood, Florida on February 18, 2020. “I look forward to continuing the dialog with potential shareholders on the progress of our margin expansion initiatives and the importance of the high margin aftermarket business to reaching our positive adjusted EBITDA goal,” said Darren Jamison, President and Chief Executive Officer of Capstone.

Osino Resources Corp (CVE:OSI) said the company's offering prospectus, dated January 23, 2020, was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador securities commissions. The group added that the TSX Venture Exchange has been advised that closing occurred on January 30, 2020, for gross proceeds of $14,000,337, with 17,949,150 units - consisting of one share and one-half of one warrant - issued at a price of 78 cents per unit, with the warrant exercise price at $1.05 per share for a period of 24 months.

EnWave Corporation (CVE:ENW) has tapped Patrick Turpin, CEO of Popchips, to its board. Turpin is the founder of Popchips, the maker of potato and corn chips which are healthier, but similar to traditional potato chips. Before that, Turpin worked as a senior executive at Costco Wholesale where he was in charge of launching the discount retailer’s gas station business and its executive-membership division. Post Turpin’s arrival, EnWave’s board is now comprised of five independent directors and a pair of non-independent directors. EnWave’s flagship product is its Radiant Energy Vacuum dehydration technology in the cannabis, food and pharmaceutical sectors

Enwave Corporation has also received an 'outperform' rating from investment bank Raymond James, which has started covering the stock, according to The Globe and Mail.  Analyst Steve Hansen has placed a C$2.50 share target (two cents above the consensus) on the stock, seeing the firm as "poised to demonstrate very robust revenue/EBITDA [earnings before interest, taxes, depreciation and amortization] growth throughout our forecast horizon". The share target reportedly represents a 72% return from Friday's closing share price.

Medexus Pharmaceuticals Inc. (CVE:MDP) (OTCMKTS:DDPF) said it plans to host a conference call at 8:00am Eastern Time on Wednesday, February 19, 2020 to discuss the company’s financial results for the third quarter ended December 31, 2019, as well as its corporate progress and other developments. The company expects to file its financial statements along with its MD&A post-market on February 18, 2020. The conference call will be available via telephone by dialing toll-free 844-369-8770 for Canadian and U.S. callers or +1 862-298-0840 for international callers, or on the Investor Events section of the company website.

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