NA Proactive news snapshot: Phunware, CleanSpark, Algernon Pharmaceuticals, Parallax Health, Great Bear Resources 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 Thursday it has added a multinational customer for its Multiscreen-as-a-Service platform. The Austin, Texas-based company also said it was launching its Smart City Pandemic Response Solution on mobile platforms for municipal governments to utilize during the coronavirus pandemic. The Multiscreen-as-a-Service (MaaS) platform, a mobile corporate campus solution, helps businesses manage campus services with an easy-to-navigate application for Apple iOS and Android systems.

CleanSpark Inc (NASDAQ:CLSK) announced Thursday it has created a joint venture with members of its multinational supply and distribution channel partners to import Personal Protective Equipment (PPE) for US hospitals battling the coronavirus (COVID-19) pandemic. The company said the JV has already secured significant quantities of N-95 masks, KN-95 masks, gowns, gloves and other PPE to be supplied to hospitals and frontline medical personnel in dire need while fighting the outbreak. Meanwhile, CleanSpark’s stock recently jumped 240% to $3.70 a share in New York following the announcement. 

Algernon Pharmaceuticals Inc (CSE:AGN) (OTCQB:AGNPF) has filed a regulatory submission with South Korea’s Ministry of Food and Drug Safety for an investigator-led Phase 2 coronavirus (COVID-19) study of its repurposed drug ifenprodil (NP-120). The 40-person trial is designed to examine the effect of ifenprodil on COVID-19 patients with severe pneumonia. The primary endpoint of study is the rate at which lung functions improve, which is calculated by measuring oxygen levels in the blood. Secondary endpoints include mortality, the rate of mechanical ventilation as well as patient-reported effects related to cough and breathlessness.

Parallax Health Sciences Inc (OTCQB:PRLX) announced Thursday that its Parallax Health Management and Parallax Diagnostics divisions have added customer accounts within the US healthcare industry.  Contracts from home healthcare, nursing homes, and doctors offices from multiple service areas across the US have increased due to the advancement of the strategies within both divisions, catapulted by the surge in demand for its Good Health Outcomes telehealth platform and the effects of the coronavirus (COVID-19) pandemic.  “We are pleased to report that we have presently received over $10 million of orders for Telehealth related and Medical Supply contracts we are in the process of fulfilling and we anticipate that number to grow significantly in the coming weeks and months,” said Paul Arena, CEO of Parallax Health Sciences. 

Great Bear Resources Ltd (CVE:GBR) (OTCMKTS:GTBDF), the Red lake gold explorer, continues to report 'excellent' finds at its flagship Dixie project, where a 300 hole drill program remains on track to be completed by the end of the year. So far, the firm has sunk 83 holes into the LP Fault target of the 300 planned in the fully funded $21 million program and gold mineralization has been found in all holes, for which assays have been returned. Notably, the firm has expanded the shallow, high-grade gold mineralization identified, it said.

Loop Insights Inc (CVE:MTRX) has introduced a near-field communication contactless payment verification platform to help support the shift of brick and mortar retail stores to curbside pick-up and delivery caused by restrictions imposed under the coronavirus (COVID-19) pandemic. Even though options like curbside pick-up help improve social distancing, they still involve a manual process between retailers and consumers, the company said. Loops Insights' technology connects customers’ payment information with retailers’ online and offline store data in order to verify the shopper and validate the transaction.

NexTech AR Solutions Corp (CSE:NTAR) (OTCQB:NEXCF) has reported its best month yet of revenue and gross profit in March, a surge driven in part by the economic shift toward working from home caused by the coronavirus (COVID-19) pandemic. The augmented reality (AR) company saw $1 million in booked revenue last month, its highest ever and more than triple its revenue from March 2019. Part of the reason for the growth is that AR technology is made even more crucial when employees and consumers are doing all their working and shopping from home, CEO Evan Gappelberg said. For that reason, he expects the surge to continue into April. 

BevCanna Enterprises Inc (CSE:BEV) (OTCMKTS:BVNNF) has revealed it is set to bring a new  CBD-infused immune-supporting drink to the US and Canadian markets. The beverage will be launched under the firm's health and wellness brand Lev and is expected to be in 60ml and 250ml sizes. It will be based on the group's popular Trace beverage, a non-CBD version, which is already approved by Health Canada.

Bragg Gaming Group Inc (CVE:BRAG) (OTCMKTS:BRGGF) subsidiary ORYX Gaming has signed a deal to supply its portfolio of casino content and marketing tools to premium platform provider SBTech.  The agreement follows several high-profile operator deals and will see ORYX’s entire RGS portfolio of casino and slot content made available to SBTech’s platform partners, Bragg Gaming said in a statement Thursday. The direct integration into SBTech’s iGaming platform will allow its platform partners quick and easy access to a library of over 250 games available via ORYX RGS, including ORYX’s proprietary content and games from partnered studios such as Gamomat, Kalamba, Golden Hero and Givme Games.

Great Panther Mining Limited (TSE:GPR) (NYSEAMERICAN:GPL) achieved a solid start to the year, more than doubling group gold equivalent production in the first quarter compared to the same period last year, the group told investors Thursday. The firm's output for the three months was 35,000 gold-equivalent ounces, which was 134% higher than the first quarter of 2019, driven by operational improvements at its Tucano gold mine and a first full quarter of output from the Brazilian mine. 

Media Central Corporation Inc (CSE:FLYY) has said it is expanding its coverage of the coronavirus (COVID-19) pandemic throughout its titles NOW Magazine and the Georgia Straight. In a statement, the group said the publishing teams at both news outlets are pivoting from its already-planned editorial calendar to focus on stories about the pandemic to include health and economic coverage and articles suited to the ballooning work-from-home population. NOW Magazine and the Georgia Straight have a combined 6.5 million readers.

Biocept Inc (NASDAQ:BIOC), a molecular diagnostics company said Thursday that Brazil has granted it a patent for its liquid biopsy technology called Target Selector which detects cancer biomarkers. In a statement, the San Diego-based company said Brazil had granted it Patent Number BR112013028296-7, for methods for detecting nucleic acid sequence variants. It expands Biocept’s global intellectual property portfolio for highly sensitive methods of detecting cancer biomarkers in circulating tumor DNA (ctDNA). It also increases Biocept's total patent awards for its technologies used in molecular diagnostics to 39.

Ventura Cannabis and Wellness Corp (CSE:VCAN) has moved a big step towards launching its THC vaping product in California, the group said Thursday. The Los Angeles-based company has secured a manufacturing and distribution location in Santa Rosa, California and received regulatory approvals from the state government. Ventura added that it's THC vaping product will be available for sale in the state as early as June.

Asterion Cannabis Inc, the privately-owned medical cannabis group, has named experienced industry executive Amy Stephenson as its chief investment officer. Stephenson has over 20 years’ experience in capital markets and managing public companies and was most recently chief financial officer (CFO) of Cura Cannabis Solutions.

Imagination Park Technologies Inc (CSE:IP) (OTCMKTS:IPNFF) is poised to change its name to ImagineAR Inc following a directors' resolution and shareholder approval at the group's recent annual general and special meeting (AGSM). The shares will continue to trade under the ticker 'IP' on the Canadian Securities Exchange (CSE). It is anticipated that the firm's shares will begin trading under the new name on or about April 14.

Milestone Scientific Inc (NYSEAMERICAN:MLSS) announced Thursday an underwritten public offering of common stock and warrants to raise about $4.5 million. The medical device company said it intends to use the net proceeds from the offering for manufacturing, marketing, sales and distribution of its CompluFlo Epidural System and development of new products and new product uses, working capital and general corporate purposes.  The CompluFlo Epidural System is a computer-controlled, real-time pressure-sensing technology designed to reduce failure rates and accidental punctures.

OTC Markets Group Inc. (OTCQX:OTCM), operator of financial markets for 10,000 U.S. and global securities, has announced that the warrants of Betterware de Mexico, S.A. de C.V.  (NASDAQ:BWMX) (OTCQX:BWXMF), a direct-to-consumer company in Mexico, have qualified to trade on the OTCQX Best Market. Trading on OTCQX enables companies to provide investors transparent trading in their warrants and access to the company's news and financial disclosure. Betterware is focused on the home solutions and organization segment, with a wide product portfolio for daily solutions including organization, kitchen preparation, food containers. smart furniture. among others.

Permex Petroleum Corporation (CSE:OIL) (OTCQB:OILCF) has announced that the company's Annual General Meeting (AGM) originally scheduled for April 30, 2020 is being rescheduled due to the continuing coronavirus COVID-19 epidemic. Mehran Ehsan, president of Permex Petroleum Corporation said: "Under the current assembly restrictions and circumstances, the attendance from management and shareholders would not be possible. Therefore, we are rescheduling the annual general meeting in the hope that it can be held under more normal circumstances." The group said a notice for a rescheduled meeting will be announced in due course for the holding of an AGM.

GR Silver Mining Ltd (CVE:GRSL) said the TSX Venture Exchange has accepted for filing documentation relating to the share purchase agreement, dated February 28, between the company, Minera Matatan S.A. de C.V. (a Mexican company and a wholly-owned subsidiary of GR Silver), First Majestic Silver Corp. and Corporacion First Majestic S.A. de C.V. (a Mexican company and a wholly-owned subsidiary of First Majestic), under which the company acquired the Plomosas silver project from First Majestic. As consideration, the company paid C$100,000 in cash to Corporacion First Majestic, granted Corporacion First Majestic a 2% net smelter return (NSR) royalty on the Plomosas silver project, with one-half of the NSR being subject to a buyback option for US$1 million, and issued to First Majestic 17,097,500 common shares in the company, equal to 19.9% of the total number of issued and company shares on the closing date.

Pacton Gold Inc (CVE:PAC) said the TSX Venture Exchange has accepted for filing documentation relating to its agreement dated April 1, 2020, between the company and TomaGold Corp., whereby the company has agreed to acquire a 39.5% interest in a joint venture on the Sidace Lake property, located in the Red Lake district of Ontario.

Mawson Resources Limited (TSX:MAW) (OTCPINK:MWSNF) announced that it has closed its previously announced private placement financing undertaken via the exercise of participation rights by an existing shareholder of the company, in connection with the closing of the company's strategic and acquisition investment with Nagambie Resources Limited (ASX:NAG). As a result, the company has issued 615,000 common shares at a price of C$0.17 each for gross proceeds to the company of C$104,550. The proceeds from the Private Placement will be used for working capital and general corporate purposes.

Kincora Copper Ltd (CVE:KCC) said the TSX Venture Exchange has accepted for filing the company's proposal to issue 1,043,480 shares at a deemed price of 6.9 cents and 1.44 million shares at a deemed price of 5.0 cents in consideration of certain services provided to the company.

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