NA Proactive news snapshot: Loop Insights, The Green Organic Dutchman, WeedMD, Bragg Gaming UPDATE …

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

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Loop Insights Inc (CVE:MTRX) has received $100,000 in development funds from Amazon Web Services, allowing the company to enhance the functionality of its artificial intelligence platform designed to level the playing field between brick-and-mortar retailers and their online competitors. "These funds will expedite several critical processes surrounding data security and data architecture, which will keep Loop at the forefront of modern-day AI capabilities," CEO Rob Anson said. Loop’s platform combines AI with Internet of Things technology, allowing businesses to connect their physical and digital assets to provide in-person customers with individualized deals and a more tailored in-store experience all at scale.

The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF), a producer of premium organic cannabis, on Thursday said it would cut spending aggressively due to market conditions, but still expand its product portfolio in the midst of the coronavirus (COVD-19) pandemic. In a statement, the company said it had postponed the start-up of its Valleyfield facility located in Quebec to “centralize cultivation operations” at its outpost in Ancaster, Ontario. The company has temporarily laid off the majority of its Valleyfield employees and intends to restart operations there later in the year. Ancaster is not impacted and continues to grow and harvest premium organic cannabis for the recreational and medical markets.

WeedMD Inc (CVE:WMD) (OTCMKTS:WDDMF) announced Thursday it is bringing on board Lincoln Greenridge as the medical cannabis company’s new finance chief. Greenridge recently served as CFO at LSC Lithium Corporation, where he helped manage the company’s sale for C$110 million. An award-winning finance professional, Greenridge was named Top Professional in Finance, awarded by the International Association of Top Professionals in 2016. Greenridge succeeds Nichola Thompson, who will be resigning her post at the end of April.

Bragg Gaming Group Inc (CVE:BRAG) (OTCMKTS:BRGGF) granted on December 20, 2019 an aggregate of 2,376,000 stock options to certain directors, officers, employees and consultants. Each Option is exercisable into one common share in the capital of the company at a price of C$0.23 per share for a period of five years from the date of grant. The company also granted on the same date an aggregate of 2,530,000 deferred share units pursuant to its Deferred Share Unit plan to certain directors and officers of the Company. The DSUs vest immediately and may only be redeemed upon a holder ceasing to be an officer of the company. 

BevCanna Enterprises Inc (CSE:BEV) (OTCMKTS:BVNNF) announced Thursday it has entered into a non-binding letter of intent (LOI) to partner with rising California cannabis beverage brand Calexo. Under the proposed joint venture (JV) agreement, BevCanna said it will become the exclusive Canadian manufacturing partner for the newly launched Calexo line of beverages.

American Battery Metals Corporation (OTCMKTS:ABML) has closed an initial tranche of more than $1 million in a private placement for insiders, friends and family designed to pay off convertible debt notes. "This fixed price common equity financing demonstrates the enthusiasm and support our insiders and friends and family have in our company,” CEO Doug Cole said in a statement. “We used a portion of the proceeds to pay off additional convertible notes. These notes were due to recently mature and become convertible into common stock.”

Biocept Inc (NASDAQ: BIOC), the cancer-focused diagnostic group, has struck a deal with a second California-based independent physician association (IPA) to provide its liquid biopsy assay services to doctors and patients in its network. The latest deal comes after, in February this year, the San-Diego based company announced an agreement with an undisclosed independent physician association in the same US state. As part of the tie-up, the firm revealed it will offer the association an array of cancer-detection tools such as biomarker tests as well as a liquid biopsy panel to help its physicians cater to their patients.

Capstone Turbine Corporation (NASDAQ:CPST) announced Thursday that it has landed an order for an 800-kilowatt Signature Series microturbine to upgrade the wastewater treatment plant (WWTP) run by the City of Roseville, in California. In a statement, the maker of clean-energy microturbines said the low-emission C800S microturbine system will yield “significant benefits” for the environment in the near and long-term. The regional wastewater plant will help officials meet sustainability goals by cutting carbon emissions, "equal to what can be stored in 2,100 acres of forest and produce clean and green power equal to powering 740 homes.”

CUI Global Inc (NASDAQ:CUI) is acquiring Reach Construction Group LLC, an industry-leading solar construction company.  The Oregon-based energy and technology-services company said the transaction will consist of third-party debt and company equity valued at about $37 million (excluding working capital and certain other adjustments upon closing). 

XPhyto Therapeutics Corp (CSE:XPHY) (OTCMKTS:XPHYF) has signed an exclusive advisory agreement with infectious disease expert and Technical University of Munich professor Wolfgang Eisenreich to aid its efforts in developing a coronavirus (COVID-19) test.  Eisenreich heads a research group at the university and the Central NMR Analytics Facility in the nearby city of Garching. His recent work has focused on intracellular pathogenic bacteria and host cell interactions, and in 2015 he won the Max-von-Pettenkofer Prize — an award given every two years for advancement in pathogen science.

Mota Ventures Corp (CSE:MOTA) (OTCMKTS:PEMTF) said Thursday that it is moving forward with its previously inked binding agreement with VIDA BCN LABS SL (Spain) and Sativida OU (Estonia) to acquire Spanish CBD company Sativida. In a statement, Mota said that it has now acquired the intellectual property and trade names of Sativida from Sativida OU (Estonia). The company will license both back to Sativida OU's subsidiary, VIDA BCN LABS SL in exchange for a royalty linked to the gross revenue generated by Sativida.

RNC Minerals (TSE:RNX) has seen strong production figures from its Western Australia gold operations, according to new numbers released by the mining company on Thursday. Gold production during the fourth quarter totalled 26,874 ounces at an all-in sustaining cost (AISC) of US$1,131 per ounce. The numbers helped RNC to exceed its internal guidance for the second half of 2019, the company said in a release.

Naturally Splendid Enterprises Ltd (CVE:NSP), the hemp food and ingredients company, has said it is ensuring its Prosnack Natural Foods division’s food manufacturing facility is a reliable link in the supply chain amid the current coronavirus pandemic challenge. The firm has started additional deep cleaning procedures at the facility for the safety of their employees, the facility and ultimately, the consumer, it said in a statement.

Renaissance Gold Inc (CVE:REN) (OTCMKTS:RNSGF), the US-focused prospect generator, has told investors it is in good financial shape amid an uncertain time due to the coronavirus pandemic. "The COVID-19 threat has created a challenging situation around the world and we are fortunate to live at a time when our technical capabilities allow us to continue with our business remotely, with only minimal disruption," Renaissance CEO Robert Felder said in a statement, adding that the group has implemented a work from home strategy at both its Reno, Nevada and White Rock, British Columbia, offices until further notice. The firm's 'generative' activities are continuing and discussions with potential new partners remain ongoing, he added.

Mawson Resources Limited (TSX:MAW) (OTCMKTS:MWSNF) announced Thursday that it has closed the strategic and acquisition investment with Nagambie Resources Limited (ASX:NAG), which holds lands in the central Victorian goldfields of Australia. Mawson has subscribed for 50 million ordinary shares or a 10% stake in Nagambie. The deal provides Mawson with a right of first refusal to take up or match proposals being considered over a competitive 3,600 square-kilometer tenement package. In addition, Mawson has a pre-emptive right on future issuances of Nagambie shares to avoid dilution.

Tinka Resources Limited (CVE:TK) (OTCMKTS:TKRFF) has revealed that one of its employees has tested positive for coronavirus (COVID-19) in Peru and is recovering well in self-isolation at home in Lima. The explorer said it had complied and is complying with all protocols regarding the pandemic that have been established under the state of national emergency in Peru, which was declared on March 15. The employee's infection is not believed to be related to overseas travel by persons related to the company, Tinka said in a statement.

Great Panther Mining Limited (NYSEAMERICAN:GPL) (TSX:GPR) said it has filed a report titled "Technical Report on the 2019 Mineral Reserves and Mineral Resources of the Tucano Gold Mine, Amapá State, Brazil". The Technical Report, prepared by Roscoe Postle Associates Inc., now part of SLR Consulting Ltd, is in support of Great Panther's March 9, 2020 news release announcing its inaugural Mineral Resource and Mineral Reserve Estimate for the Tucano Gold Mine, effective September 30, 2019. It is available on SEDAR at www.sedar.com and on the company's website. www.greatpanther.com.

Gold Resource Corporation (NYSEAMERICAN:GORO) has declared its monthly instituted dividend of one-third of a cent per common share for March 2020 payable on April 23, 2020 to shareholders of record as of April 13, 2020. The company, a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA, has returned $113 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.

TIMIA Capital Corporation (CVE:TCA) (OTCMKTS:TIMCF) said its upcoming special meeting of shareholders will be held electronically on March 31 this year at 10 am (PST). Further details are available in the management information circular and notice of meeting dated February 24, 2020, sent to shareholders. After taking into account recent Provincial and Federal guidance regarding public gatherings and social distancing due to the coronavirus (COVID-19) pandemic, Timia will allow shareholders to attend and participate at the meeting by dialing into Canada: +1 855 703 8985 (Toll Free) Webinar ID: 293 078 247, US: +1 888 788 0099 (Toll Free) Webinar ID: 293 078 247.

OTC Markets Group Inc. (OTCQX:OTCM), operator of financial markets for 10,000 U.S. and global securities, announced that Khiron Life Sciences Corp (CVE:KHRN (OTCQX:KHRNF), a vertically integrated cannabis leader with core operations in Latin America, has qualified to trade on the OTCQX Best Market and has upgraded from the OTCQB Venture Market. The OTCQX Market is designed for established, investor-focused US and international companies, and to qualify for it companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. "With the recent announcement that Khiron is now fully authorized to manufacture high- and low-THC medical cannabis, and to fill prescriptions for low-THC medical cannabis in Colombia, graduating to trade on the top tier OTC Markets in the U.S.—OTCQX is timely, offering greater visibility for the Company shares," Alvaro Torres, Khiron CEO and director commented.


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