leadf
logo-loader

NA Proactive news snapshot: VR Resources, Ideanomics, AIM ImmunoTech, ImagineAR, Exactus, mCloud Technologies UPDATE …

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

Newspapers and laptop
Your daily round-up from the world of Proactive

VR Resources Ltd (CVE:VRR) (OTCQB:VRRCF) is expanding its Ranoke copper-gold exploration operation in Ontario by acquiring the Hecla-Kilmer (HK) carbonatite complex and mineral property. The company will pay private vendors $15,000 and issue 75,000 common shares at closing and an additional $50,000 and 100,000 shares once the company begins a diamond drill program on the property. The HK complex is located roughly 35 kilometers southwest of VR Resources’ Ranoke property and consists of 80 mineral claims in a block covering 1,649 hectares.

Ideanomics Inc (NASDAQ: IDEX) said Monday it will sell its Grapevine Logic, Fintalk and CommentsRadar assets to Techconn Holding Group Co Ltd. Ideanomics, headquartered in New York with offices in Beijing and Qingdao, said the sale is part of its plans to divest of non-core assets to focus only on electric vehicles and New Energy Vehicle industries. In a statement, the company said it will receive a 15% interest in the deal that will merge the non-core Grapevine Influencer Platform, and suite of technologies, with the Techconn Group's influencer operations.

AIM ImmunoTech Inc (NYSEAMERICAN:AIM) has received approval from Argentinian regulators to import its myalgic encephalomyelitis/chronic fatigue syndrome (ME/CFS) drug Ampligen. The company recently got a nod from the US Food and Drug Administration to export the drug to Argentina for commercial sale. From here, Argentina’s Administracion Nacional de Medicamentos, Alimentos y Tecnologia Medica will conduct a final inspection and drug release tests and determine whether to grant final approval.

ImagineAR Inc (CSE:IP) (OTCQB:IPNFF) is teaming up with Broward Education Foundation – and a couple of global celebrities – to create an historic immersive augmented reality graduation experience for the Florida county’s students. Grads will use ImagineAR’s free mobile app to record themselves accepting their diplomas at home from Broward superintendent Robert Runcie and dance with world-reknowned musical artist Flo Rida in a never-before-seen AR experience known as #2020gradsecret. NBA superstar Dwayne Wade has also recorded a special message for the students, who are facing a very unique graduation experience amidst the coronavirus pandemic.

Exactus Inc (OTCQB:EXDI), a leading supplier of hemp-derived ingredients such as CBD and feminized hemp genetics, announced Monday the appointment of executive business leader Julian Pittam to board chairman. “Julian Pittam has been an investor and a friendly voice of wisdom since our inception, and we are honored to have him join as Chairman of the Board at this pivotal moment,” said Interim CEO Emiliano Aloi in a statement. “Julian brings an impressive track record of over 20 years of extensive experience in investment banking, innovation, and boardroom buildout. His leadership will be vital to the continued development and success of Exactus, including building a Board that both attracts and proactively supports top tier management assets and developing the right committees for integration of new business units as the industry transitions into a massive consolidation phase.”

mCloud Technologies Corp (CVE:MCLD) (OTCQB:MCLDF) has named highly experienced high-tech executive Dr Patrick O'Neill as its president, USA and the group's general manager of its US business. O'Neill spent nine years at conglomerate Honeywell International (LON:HON) as vice-president of engineering and technology. While there, he expanded the group's online revenue growth ten-fold and was executive for several key partnerships including with computer giants Oracle, Microsoft, and Del.

Humanigen Inc (OTCQB:HGEN) announced Monday that 12 patients with coronavirus (COVID-19)-associated pneumonia treated with its drug lenzilumab showed a median recovery time of five days and a 100% survival rate at the data cut-off point in a Mayo Clinic study. Patients also showed improvements in oxygenation, temperature, inflammatory cytokines and other parameters. The study was published in a manuscript titled, “First Clinical Use of Lenzilumab to Neutralize GM-CSF in Patients with Severe and Critical COVID-19 Pneumonia.”

Gold Resource Corporation (NYSEAMERICAN:GORO) has bought the Golden Mile property in Mineral County, Nevada for a total of US$650,000 as the miner positions itself to be a gold producer in the US state for a "very long time". The high-grade, advanced, asset adds to the firm's prospective land package in the state by over 51%, GORO said and solidifies its Nevada business as dominant in the famous Walker Lane mineral belt. Moreover, if the firm successfully defines economic deposits there, the resultant project could be one which would save on permitting time, engineering and construction costs, it added.

Champignon Brands Inc (CSE:SHRM) (OTCQB:SHRMF) is headed into the future with a new identity that reflects the company’s focus on scientific research. The psychedelic healthcare company has proposed changing its name to Apotheosis Scientific Ltd or another name that better conveys its business activities going forward, Champignon told shareholders on Friday. In addition, the Vancouver-based firm said it was planning to spin out its consumer packaged goods division by the third quarter of 2020.

Exro Technologies Inc (CSE:XRO) (OTCQB:EXROF) is teaming up with Zero Motorcycles to develop an advanced coil-drive powertrain for the electric motorcycle market. Under the collaboration agreement announced Monday, Zero Motorcycles will evaluate Exro's patented coil drive technology using Zero's SR/S powertrain platform. Zero is a world-leading developer of electric-powered motorcycles, which are optimized from the ground up to leverage the revolutionary Z-Force powertrain that uses specially designed components to minimize weight, size, and complexity. 

Weekend Unlimited Industries Inc (CSE:POT) (OTCQB:WKULF) has posted fiscal third-quarter results that saw a significant jump in sequential revenue powered by strong demand for its wholesale WKND! and branded Orchard Heights cannabis and WKND! Wellness products. For its fiscal third quarter ended June 15, 2020, the Vancouver-based company which has made strong inroads into America, clocked up revenue of C$376,104, up 1,138% compared to revenue of C$30,387 in the fiscal second quarter. The company said it earned a gross profit of C$37,005 in the quarter. “These results reflect sales of WKND! and Orchard Heights branded cannabis products in Oklahoma and WKND! Wellness CBD and health products sold between April 1 through June 15th, 2020 in Q3 2020,” the company said in a statement.

PreveCeutical Medical Inc (CSE:PREV) (OTCQB:PRVCF) announced Monday the successful completion of its cannabinoid Sol-gel program with the University of Queensland and UniQuest Pty Ltd. The company said the final report on the program confirmed the successful chemical profiling of the solvent-derived cannabinoid extracts from cannabis plants, providing the company with valuable information for formulation development using cannabinoid Sol-gels. PreveCeutical said the information will enable it to control the quality of batch-to-batch variations in plant extract chemistries and provide optimization of Sol-gel formulation strategies.  The Vancouver-based company said it will now be able to develop and commercialize different combinations of the cannabinoid extracts infused into Sol-gel formulations to treat different ailments. 

AgraFlora Organics International Inc (CSE:AGRA) (OCTMKTS:AGFAF) told investors that its greenhouse in Delta, British Columbia has started commercial cannabis growing and sales are expected to begin this year. The group's asset Propagation Services Canada Inc (PSC) has begun cultivation using a portfolio of live-plant genetics, focused on producing high potency cannabis with attractive strains at a low cost, AgraFlora said. "Our partners at PSC have a long history of low-cost agricultural production which we expect to translate into our ability to produce low-cost cannabis at the Delta Facility," Brandon Boddy, AgraFlora's chief executive said in a statement.

American Battery Metals Corporation (OTCQB:ABML), an advanced extraction and battery recycling technology company, announced Monday that it has chosen northern Nevada for the company's lithium-ion battery recycling facility The company said the acquisition of an industrial plant for the commercial pilot recycling facility is expected to be finalized “within the next few weeks. American Battery Metals expounded on northern Nevada being “an ideal location” due to its proximity to Tesla Inc’s (NASDAQ:TSLA) Gigafactory near Reno, Navada which produces Model 3 electric motors, battery packs, and energy storage products. The company also cited ample road and rail infrastructure, and access to a qualified labor pool – all key componnets required to fuel American Battery’s growth.

XPhyto Therapeutics Corp (CSE:XPHY) (FSE:4XT) (OTCPINK:XPHYF) revealed Monday that it has reached a technical milestone, which should "unlock a pipeline of potential biosensor screening products". The group said its German subsidiary Vektor Pharma TF GmbH has now successfully incorporated peptide biosensors into the group's oral dissolvable thin film (ODF) technology. In April this year, XPhyto and its diagnostic partner 3a-Diagnostics GmbH (3a) inked a definitive development, technology purchase and licence agreement to include 3a's pathogen-specific biosensors into XPhyto's ODF platform and the pair are now developing biosensors for infectious diseases, including pandemic threats.

Mota Ventures Corp (CSE:MOTA) (OTCPINK:PEMTF) (FSE:1WZ1) announced that it has appointed well-known American actor and musician Roger Cassidy Clinton, to the advisory board for its wholly owned subsidiary, Verrian GmbH. Clinton, who is the younger half-brother of former US president Bill Clinton, is active within the addiction treatment and specifically opiate addiction research sector. The company said he is focused on bringing attention to the issue and enhancing "promising treatment options using psychedelics" in conjunction with behavioral therapy through his global network. "I'm honored to be working with the team at Mota in a patient-first approach. We believe the work that we're doing can be transformative in people's lives as they work daily to overcome addiction," Clinton said in a statement.

1933 Industries Inc (CSE:TGIF) (OTCQX:TGIFF) announced Monday the appointments of Paul Rosen as its interim CEO and Eugene Ruiz as its president to guide the vertically integrated cannabis consumer packaged goods company’s strategic direction into a new phase of development. Rosen co-founded PharmaCan Capital Corp (NASDAQ:CRON) (TSE:CRON) and served as its first president and CEO. He also has held board positions with a number of publicly traded cannabis companies and currently serves as the executive chairman of Global Go, a consultancy focused on the global regulated cannabis industry.  He is also a significant shareholder in 1933 Industries, as a result of his private placement investment in the company in March. Ruiz is a seasoned executive with strong leadership skills and broad–based operational expertise. He has held numerous executive positions - including CEO, CFO and COO - across a number of industries in the US.  Ruiz has led the turnaround of several companies into profitable enterprises. 

Ximen Mining Corp. (CVE:XIM) said it has closed a tranche of its drawdown equity financing facility with Alumina Partners (Ontario) Ltd., an affiliate of New York-based private equity firm Alumina Partners LLC. In this tranche closed on June 9, 2020, the company drew down $250,000 from Alumina with Alumina receiving 500,000 units of Ximen consisting of a common share priced at 50 cents per share and a 36-month warrant exercisable at 78.75 cents per share. The hold expiry date for the placement is October 4, 2020. The net proceeds from the private placement will be used for further exploration on the company's British Columbia mineral properties and general working capital.

ElectraMeccanica Vehicles Corp. (NASDAQ:SOLO), a designer and manufacturer of electric vehicles, has announced the closing of its previously announced registered direct offering of 10,000,000 common shares at a price of US$2.00 per share, for gross proceeds of approximately US$20 million. Net proceeds to ElectraMeccanica from the offering were approximately US$18.65 million after underwriting discounts and commissions and other estimated offering expenses. Roth Capital Partners acted as the sole placement agent for the transaction.

Valens GroWorks Corp. (TSX:VLNS) (OTCQX:VLNCF), a global leader in the end-to-end development and manufacturing of innovative, cannabinoid-based products, announced that at its annual general and special meeting held by way of live audio webcast on June 12, 2020, all of the matters put forward before shareholders for consideration and approval as set out in the notice of meeting and management information circular, dated May 12, 2020, were approved by the shareholders. The total number of common shares of The Valens Company represented by shareholders present during the live audio webcast and by proxy at the meeting was 53,911,214 common shares, representing 42.10% of Valens' total issued and outstanding common shares as of the record date.

GlobeX Data Ltd. (OTCQB:SWISF) (CSE:SWIS), the leader in Swiss hosted cybersecurity and Internet privacy solutions for secure data management and secure communications, announced that it has granted on June 12, 2020, subject to any necessary regulatory approvals, incentive stock options to purchase in aggregate 1,450,000 shares of its common stock. Of such options, 1,400,000 were granted to a group of four officers and directors, while 50,000 were granted to a group of two consultants consisting of employees of the accounting firm of the company. These options were granted under the company's stock option plan and are exercisable for a period of three years at a price of C$0.14 per share and are subject to the company's customary vesting policy.

Telson Mining Corporation (CVE:TSN) (OTCPINK:SOHFF) said that as a result of the recent coronavirus (COVID-19) pandemic and the unexpected delays connected therewith, the company anticipates a longer than anticipated timeframe for the audit of its annual financial statements, however, it is the company's reasonable expectation that they will be finalized by July 15, 2020.

The Flowr Corp. (CVE:FLWR) said it has decided to use more time as allowed under temporary exemptions with respect to the filing of its first-quarter 2020 interim financial statements and related management's discussion and analysis for the period ended March 31, 2020. The company had previously announced on May 29, 2020, that it expected to release its first-quarter interim filings on or before June 15, 2020. The company will issue a subsequent press release announcing its first-quarter earnings date in the near future.

GR Silver Mining Ltd. (CVE:GRSL) (OTCQB:GLYXF) said it has filed on SEDAR its amended NI 43-101 report entitled 'San Marcial Project Resource Estimation and Technical Report, Sinaloa, Mexico', having an effective date of March 18, 2019, and an amended date of June 10, 2020. The company pointed out that there are no material differences in the mineral resources estimate disclosed in the two versions of the technical report. However, the company advises readers not to rely on the initial version of the technical report. As a result of review by the British Columbia Securities Commission (BCSC), the company amended the Report to address certain comments raised by the BCSC.

OTC Markets Group Inc. (OTCQX:OTCM), an operator of financial markets for 10,000 US and global securities, announced that Appili Therapeutics Inc. (CVE:APLI) (OTCQX:APLIF), a biopharmaceutical company focused on anti-infective drug development, has qualified to trade on the OTCQX Best Market from today. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. "Reaching this milestone for Appili means we will have broader access to the diverse investor base in North America," said Kimberly Stephens, chief financial officer of Appili Therapeutics. "This strengthens our ability to advance our anti-infective programs, including our recently announced trial that is investigating the use of favipiravir in (coronavirus) COVID-19, and continuing to create value for our shareholders while we improve treatment options in the infectious disease marketplace."

One World Lithium Inc. (OTCQ:OWRDF) (CSE:OWLI) said it has applied for a temporary management cease trade order (MCTO) which will prohibit trading in securities of the company by certain insiders as the group is unable to file its annual required filings within the extended deadline under the British Columbia blanket relief exemption. Based on the company’s reliance on the blanket relief, the filing deadline applicable was June 15, 2020, however,  due to circumstances arising under the coronavius (COVID-19) pandemic, the company is unable to meet that deadline, However, the group anticipates that it will be a position to remedy the default by making the annual required filings on or before July 15, 2020. The company confirmed that there have been no undisclosed material business developments since November 28, 2019, the date of filing of its third-quarter interim financial statements for the period ended September 30, 2019.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Humanigen, Inc. named herein, including the promotion by the Company of Humanigen, Inc. in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

GlobeX Data close to finalizing a distribution deal in Canada for its...

GlobeX Data Ltd (CSE:SWIS) (OTCQB:SWISF) CEO Alain Ghiai caught up with Proactive to talk about how the group has reached the “final stages” of signing a distribution deal in Canada for its SekurSafe and Sekur solutions. Ghiai says the Toronto-based tech company's distribution deal is being...

13 hours, 59 minutes ago

13 min read