NA Proactive news snapshot: Phunware, Antibe, LeanLife, Ideanomics, Steppe Gold, Parallax Health Sciences UPDATE …

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

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Phunware Inc (NASDAQ:PHUN) announced Tuesday it is launching a Pandemic Response Solution for mobile to address critical challenges faced by the healthcare industry due to the coronavirus (COVID-19) pandemic. Phunware said it can deploy a native mobile application within days, for both iOS and Android, to support pandemic response efforts.  The company’s mobile solution for a rapid response to COVID-19 provides a unique software layer that enables healthcare organizations to access all of the features and capabilities of Phunware’s Multiscreen-as-a-Service (MaaS) platform. Phunware said its Pandemic Response Solution helps healthcare organizations quickly identify, locate and engage both patients and staff. The system leverages Phunware’s patented Location Based Services software and Beacon Management Solution to deliver proximity, sub one-second real-time blue dot indoor positioning, navigation and wayfinding functionality across any campus or facility while simplifying and streamlining the underlying beacon deployment and management for both the facility staff and administrators alike. 

Antibe Therapeutics Ltd (CVE:ATE) (OTCQB:ATBPF) chief scientific officer Dr John Wallace is a guest editor for the prestigious British Journal of Pharmacology’s Special Issue, "Hydrogen Sulfide in Biology & Medicine." The Special Issue is comprised of nearly 250 pages of peer-reviewed work that highlights the many ways in which hydrogen sulfide is progressing as a key biological molecule and therapeutic agent.
Toronto-based Antibe's hydrogen sulfide technology is at the core of its drug pipeline, which includes the flagship drug candidate ATB-346, a naproxen-derivative that delivers pain relief without gastrointestinal damage.

LeanLife Health Inc (CSE:LLP) reached a commission sales agreement with biochemist and health food industry veteren Desmon Yau, granting him the exclusive right to sell LeanLife products in 18 Asian countries. Yau will earn a 10% commission on a fixed selling price, which LeanLife will set. He will also receive 200,000 stock options. The agreement is valid until February 28, 2021. The deal will bring LeanLife products to China, India, Indonesia, Pakistan, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Singapore, Taiwan and Hong Kong, among others.

DXI Energy Inc (TSE:DXI) (OTCQB:DXIEF) is examining its path forward amid the economic upheaval caused by the coronavirus pandemic and subsequent drop off of oil prices. The Vancouver-based company said Tuesday that it was planning a sale of its hydrocarbon assets, including the 99% owned-Woodrush production facility and its Kokopelli gas project in Colorado. Funds from the anticipated sale will go towards searching for new business, DXI said in a statement announcing its exit from the hydrocarbon business.

Blockchain Holdings Ltd (CSE:BCX) announced Tuesday it has closed the first tranche of an oversubscribed public placement for nearly C$1.5 million. The technology company will use the funds to finalize the acquisition of TRACEsafe, a global health monitoring product that is seeing interest by governments and corporations dealing with the global coronavirus pandemic. Due to increased demand, the Tortola, British Virgin Islands-based company is boosting the size of the private placement to C$1.6 million and intends to close a subsequent tranche shortly, it told investors.

GlobeX Data Ltd (CSE:SWIS) (OTCQB:SWISF) is in the final stages of setting up a partnership with an S&P firm, which would offer the company’s secure business cloud solutions package to the firm’s more than 100,000 associates. The identity of the partner will be revealed once a launch date for GlobeX’s service has been selected, the company said. The package includes DigitalSafe, GlobeX’s Swiss-hosted secure document management and collaboration cloud tool, which is equipped with a data backup, secure file share, a password manager and a secure email; and PrivaTalk, the company’s secure communications suite, which includes encrypted messaging, secure email and encrypted video and voice communication.

Ideanomics Inc (NASDAQ:IDEX) said Tuesday that its electric vehicle division, Mobile Energy Global (MEG), has deployed a pilot platform in Nanjing to streamline energy sales, and it will serve “as a blueprint” for a broader rollout in the city as well as other big Chinese cities. In a statement, the New York-based company, which has offices in Beijing, said the pilot in Nanjing’s Jiangsu province will focus on the “interoperability of three critical components” in EV energy consumption: payment systems, charging stations, and energy supply chains. The company said the energy sales pilot in Nanjing will help MEG generate revenues from “prepaid energy sales to commercial EV fleet operators as well as revenues from point-of-sale energy consumption” at charging stations.

Steppe Gold Ltd (TSE:STGO), a producing gold miner operating in Mongolia, has a well-established management team and is expected to produce strong annual cash flows from its flagship Altan Tsaagan Ovoo (ATO) mine. That's the view of Stonegate Capital Partners, which has started covering the stock. It puts a valuation of between C$0.50 and C$1.81 on the shares with a mid-point at C$1.13. Steppe shares are currently changing hands in Toronto at C$0.78. On March 25 this year, the firm announced a major milestone, in that it produced first gold from ATO using already crushed and stacked ore. It also received the final cyanide permit in the fourth quarter of 2019 and is on track to produce 60,000 ounces of the precious metal in 2020.

Parallax Health Sciences Inc (OTCPINK:PRLX) subsidiary Parallax Diagnostics Inc is distributing vitamin D supplements to coronavirus (COVID-19) medical and clinical services workers through a partnership with CURE Pharmaceutical Holding Corp. The firm produces CUREfilm D, an oral thin film supplement that delivers a dose of vitamin D, which has been shown to reduce respiratory infections and boost immune activity, the company said. CUREfilm D contains vitamin D3, the ideal form to maintain active vitamin D levels over an extended period of time. The 50,000 IU dose is ideal for elderly patients with low vitamin D levels or patients with a high body mass index that impair vitamin D circulation. 

BioCorRx Inc (OTCQB:BICX) announced a new measure to help support vulnerable patients recover from alcohol or drug dependencies through the coronavirus pandemic. The addiction treatment solutions company is offering free access to its recovery program mobile platform to assist medical professionals in engaging with their patients throughout the outbreak. BioCorRx Recovery Program is a proprietary medication-assisted treatment program that uses specific cognitive behavioral therapy modules and peer support in conjunction with physician-prescribed medications for alcohol and opioid use disorders.

CytoDyn Inc (OTCQB:CYDY), a late-stage biotechnology company, revealed Tuesday that it is collaborating with the UK’s Department of Health to provide emergency access to leronlimab (PRO 140), the company’s investigational drug for treating coronavirus (COVID-19) patients. The submission to the Medicines and Healthcare Products Regulatory Agency (MHRA), an executive agency of the UK government, sponsored by the Department of Health and Social Care, is expected to be made soon to include clinical trial sites in the United Kingdom.

Nano One Materials Corp (CVE:NNO) (OTCMKTS:NNOMF) revealed the Canadian government has increased its contribution via a one-time payment to the tech business in response to the unprecedented coronavirus crisis. Sustainable Development Technology Canada (SDTC) has increased its contribution to Nano One's 'Scaling of Advanced Battery Materials' project by $250,000, bringing the total contribution to $5.25 million, the firm told investors in a statement on Tuesday.

Capstone Turbine Corporation (NASDAQ:CPST), the maker of clean energy microturbines, said it has secured its third direct sales order.  In a statement Tuesday, the company said the order consists of six C65 microturbines from an industrial manufacturer of sorbent minerals in California. The order brings the current direct sales results to about $2.5 million, or 27% of last quarter’s $9.1 million in gross new product orders.

Marrone Bio Innovations Inc (NASDAQ:MBII) announced Tuesday that Pacesetter, its recently approved bio-based plant health product, is now available to corn, soybean and wheat growers in the US. Pacesetter acts synergistically with conventional fungicides to improve plant health and vigor, increasing yields by up to seven bushels per acre in soybeans and 13 bushels per acre in corn, the company said in a statement.

Newgioco Group Inc (NASDAQ:NWGI) said Tuesday that it kicked off esports wagering last week through its online betting channel in Italy and it will embrace League of Legends, DOTA, Starcraft, as well as esports versions of NBA Basketball, Formula One and MotoGP. In a statement, the Toronto-based global sports betting and gaming technology company, said that esports wagering took off on April 3.

ElectraMeccanica Vehicles Corp (NASDAQ:SOLO) announced the design Tuesday of a new high-strength, cost-effective aluminium chassis for its signature single-seat SOLO electric vehicle. The aluminium chassis — the vehicle’s metal skeletal framework — will replace the company’s current composite version in the SOLO EV, making it better suited for mass production by reducing both its weight and per-unit assembly cost. 

Calyxt Inc (NASDAQ:CLXT) has licensed a unique technology designed to boost efficiency in gene-edited plants, it said on Tuesday. The method, developed by the University of Minnesota, potentially reduces the time needed to edit plants to a matter of months rather than years. The Roseville, Minnesota-based company said that the new technology could increase the speed at which highly desired products like better-tasting plant proteins reach consumers faster.

Global Energy Metals Corporation (CVE:GEMC) (OTCMKTS:GBLEF) told investors it has struck a renegotiated deal over its high-grade cobalt projects in Nevada, USA, which will give it a controlling interest earlier than planned. The new deal with Nevada Sunrise and Primus Resources will replace and supersede the original option agreement of January last year, in which Global Energy Metals had an option to purchase an undivided 85% interest in the Lovelock and Treasure Box battery minerals project.

Power Ore Inc (CVE:PORE) told shareholders Tuesday that it is committed to delivering a technical report on its newly acquired Robitaille and Cooke properties in Quebec as quickly as possible. The February acquisition boosted the company’s flagship Opemiska Copper Complex property from 797 hectares to 9,852 hectares. However, the report may be delayed due to the unprecedented shutdown of businesses and free movement in light of the coronavirus (COVID-19) pandemic, the company acknowledged.

Q BioMed Inc (OTCQB:QBIO), which has developed cancer bone pain drug Strontium89, announced Tuesday that it has launched a financial restructuring plan. Under the plan, the company’s lead investor Yorkville Advisors Global (YA) will convert a minimum of $3.8 million into common stock and preferred stock and may convert an additional $500,000, which would be the total debt held by them.  And as part of the agreement, which has yet to close, YA will fund an additional $4 million in new capital over the next 2 weeks, according to a statement.

OTC Markets Group Inc (OTCQX:OTCM) has enhanced the bank call report data available on OTCMarkets.com by including interactive historical data trend charts for the more than 550 US community banks trading on the OTCQX, OTCQB and Pink markets. Bank call reports come with a slew of data, and the sheer volume of it can make pinpointing changes over time difficult, the group said. The OTC’s new interactive data tools allow users to seamlessly evaluate trends without having to download multiple individual reports and create their own spreadsheets.

Lithoquest Diamonds Inc (CVE:LDI) has said it is extending a previously announced private placing, having received the go-ahead from the Toronto Venture Exchange. On February 20, the firm announced the financing for up to $250,000 priced at $0.03 a share to be used for general working capital.

Valens GroWorks Corp (CVE:VLNS) (OTCQX:VLNCF), a global leader in the end-to-end development and manufacturing of innovative, cannabinoid-based products, announced that it will issue its first-quarter financial results, for the period ended February 29, 2020, on Tuesday, April 14, 2020, after the markets close. The company also said it will host a conference call the following day, Wednesday, April 15, 2020, at 11.00am Eastern Time/8.00am Pacific Time to discuss the financial results and business outlook. Participant Dial-In Numbers are: Toll-Free: 1-877-407-0792; Toll/International: 1-201-689-8263. Participants should request The Valens Company Earnings Call or provide confirmation code 13701091.

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