A look at a number of the day’s highlights from the Proactive Buyers US and Canada newswires
() (OTCMTKS:BABYF) (FRA:0YL) posted first-quarter outcomes that noticed its income rocket 282% year-over-year on the again of plant-based, non-diary, non-soy dietary merchandise. For the interval ended March 31, 2021, the Israel-based meals and vitamin firm reported income of C$1,135,000, up from C$297,000 in the identical quarter a yr earlier. There was a 90% sequential progress in income from C$598,000 within the 4Q of 2020. Throughout the 1Q, Else Vitamin clocked up formulation income of C$862,000, up 149% from C$346,000 within the 4Q of 2020. Else had a robust money place C$22,085,000 as of March 31, together with restricted money and short-term financial institution deposits.
Nextleaf Options Ltd () () (FRA:L0MA) informed shareholders that it had accomplished the second wholesale order from its not too long ago introduced buyer, a Nasdaq-listed hashish firm. The Vancouver-based hashish processor mentioned its wholly-owned subsidiary, Nextleaf Labs, provides the accomplice with high-purity CBD distillate to energy its branded CBD oil merchandise. “These merchandise are distributed by provincially approved retailers throughout Canada,” mentioned the corporate. As well as, the corporate revealed that Nextleaf Labs has acquired an preliminary buy order for round “40 kilos of high-purity THC distillate” from an Ontario licensed producer.
Tribe Property Applied sciences Inc (), a number one supplier of technology-enabled property administration options, has introduced report income for its first quarter of 2021. For the three months ended March 31, the corporate mentioned in an announcement that it generated $3.79 million in income — a 253% enhance year-over-year.
Inc () says the Impartial Information Monitoring Committee for the ENVASARC pivotal trial has beneficial that the trial will proceed as deliberate following the evaluate of security information from greater than 20 sufferers enrolled to date. The corporate mentioned the protection information reviewed included information from greater than 10 sufferers enrolled into cohort A of remedy with single-agent envafolimab and greater than 10 sufferers enrolled into cohort B of remedy with envafolimab and Yervoy (ipilimumab) for sarcoma, a uncommon group of cancers that come up within the bones and connective tissue.
Ltd () (OTCQB:STTDF) reported that the Part II summer season 2021 diamond drill program has formally begun at its flagship 25,886-hectare Davidson River Undertaking in Saskatchewan’s Athabasca uranium district. The corporate mentioned the primary portion of the summer season program will concentrate on testing new high-priority targets alongside the Saint and Bronco developments, in addition to follow-up holes alongside the Warrior development.
BTU Metals Corp () (OTCPINK:BTUMF) mentioned it was trying ahead to receiving lab outcomes after the completion of drill gap BTU-21-66 within the TNT goal space, which was drilled to 589 meters on its Dixie Halo property, within the well-known gold mining space of Pink Lake, Ontario. The Vancouver-based junior exploration firm mentioned the outlet is at present being “logged, minimize, and samples are being despatched for fireplace assay (gold) and geochemical evaluation (multi-element).” Of the ten drill holes concentrating on gold within the not too long ago accomplished program, all have now been logged, and all however two have been sampled and are within the lab for evaluation. In an announcement, BTU Metals CEO Paul Wooden mentioned: “We’re trying ahead to receiving lab outcomes from our most up-to-date drill program, significantly from the holes which intersected the arsenopyrite-bearing construction which seems to be structurally related to the LP Fault and that may very well be a splay off of it.”
CytoDyn Inc (), which is creating Vyrologix (leronlimab-PRO 140) for a number of indications, revealed that Chiral Pharma Company positioned its first buy order for leronlimab beneath a compassionate particular allow (CSP), to deal with critically ailing coronavirus (COVID-19) sufferers within the Philippines. The Vancouver, Washington-based late-stage biotech will earn income after order achievement and the phrases of the settlement are ironed out. In an announcement, CytoDyn Chief Working Officer Dr Chris Recknor mentioned: “One of many affected person successes was not too long ago reported final week on One Information Philippines TV station. This affected person had extreme COVID-19 with deteriorating lung perform regardless of remedy with antivirals and steroids.”
() (NYSEAMERICAN:SVM) revealed a batch of recent drill outcomes from its 2021 exploration program on the TLP mine within the Ying Mining District of China. Drilling intersected 1.74 metres (m) of three,911 grams per tonne (g/t) silver (Ag), 6.22% lead (Pb), 2.11% zinc (Zn) and 0.55% copper (Cu), based on a launch. These figures are true width, Silvercorp famous. Vancouver-based Silvercorp has sunk a complete of 196 diamond drill holes, together with 161 underground and 35 floor, on the TLP mine – 108 of which have intercepted mineralization.
LexaGene Holdings Inc () () introduced it’s taking steps to listing its frequent shares on the Nasdaq Capital Market, with the purpose of submitting its software earlier than the top of 2021. The corporate mentioned a profitable Nasdaq itemizing will make its shares extra accessible to retail and institutional buyers within the US and internationally in addition to enhance share liquidity.
Marble Monetary Inc () () (FRA:2V0) studies that its wholly owned subsidiary Inverite Verification Inc has accomplished its compliance with SOC 2 Sort 1 Requirements. Inverite is a number one Canadian open banking and consumer-directed finance supplier providing modern, safe, and cost-effective banking verification options to the monetary companies trade have achieved the widely known auditing customary developed by the American Institute of Licensed Public Accountants (AICPA). Marble mentioned the SOC 2 Sort 1 report, performed by AuditWerx, evaluated and issued opinions on Inverite’s on the spot financial institution verification system and on the suitability of the design of its controls related to the effectiveness of safety controls within the platform and product.
KULR Know-how Group Inc () mentioned it has been issued a particular allow from the US Division of Transportation authorizing the transport of lithium-ion and steel batteries for recycling.
PlantX Life Inc () () () introduced an settlement to start promoting its plant-based merchandise on Walmart Canada Market on-line. The corporate mentioned its new partnership with Walmart Canada will enable PlantX to maximise its e-commerce impression by capitalizing on the final upwards developments in e-commerce gross sales mixed with Walmart’s ongoing on-line progress.
GameSquare Esports Inc () () formally congratulated the College of Maryland-Baltimore County (UMBC) for successful the first-ever Collegiate Esports Invitational, a collegiate Fortnite invitational event produced by Gaming Neighborhood Community, a part of the GameSquare group of firms. UMBC, representing the America East convention, defeated Cal State Fullerton of the Massive West convention and took dwelling the $5,000 first prize.
Naturally Splendid Enterprises Ltd (FRA:50N) () (OTCPINK:NSPDF) has reported its first-quarter outcomes, revealing a narrowing loss in comparison with the identical interval of 2020. The corporate’s web loss was C$743,636 throughout the three months ended March 31, down year-over-year from greater than C$1.3 million. The lower is primarily resulting from a dip in promoting and distribution bills which fell $464,255 resulting from decrease manufacturing ranges, offset by wage subsidies.
Talon Metals Corp () (OTCMKTS:TLOFF) (FRA:TAO) has intersected nickel-copper mineralization in over 60 holes exterior the present useful resource space at its Tamarack challenge in Minnesota. In an announcement, the useful resource firm informed shareholders that drilling is progressing “extraordinarily properly” on the nickel challenge, with constant intersections at shallow depths within the CGO East and CGO Bend areas additional afield from Tamarack’s useful resource. The brand new drill holes present that the CGO East space has steady nickel-copper mineralization over a strike size of greater than 500 metre, with mineralization of fifty to 85 metres in width, based on the corporate.
Ltd () has reported its monetary outcomes and operational highlights for the primary quarter ended March 31, 2021, with the corporate highlighting a robust finish to the primary quarter. The corporate had a money stability as of March 31, 2021, of roughly $92.1 million. Within the outcomes assertion, Dror Ben-Asher, RedHill’s chief govt officer, commented: “The progress of our two novel, oral COVID-19 packages has put RedHill on the forefront of oral COVID-19 therapeutics growth. Opaganib, some of the superior and promising novel, dual-mode of motion, oral drug candidates in growth for COVID-19, now has nearly 100% enrollment in its international 464-patient Part 2/3 examine in extreme COVID-19.”
NexTech AR Options Corp () () () has appointed 20-year finance veteran Andrew Chan as its new CFO, the corporate introduced. Chan spent greater than a decade in public accounting, together with 9 years at Ernst & Younger, earlier than transferring into senior finance positions at fintech corporations Actual Issues Inc (TSE:REAL) and goeasy ltd (TSE:GSY), the place he was concerned in a number of financings, transactions and acquisitions.
PyroGenesis Canada Inc () (NASDAQ:PYR) () has introduced two main appointments. The corporate has named engineering knowledgeable Nannette Ramsey an unbiased board director and manufacturing and high-tech veteran Ben Simo as chief monetary officer.
() () (FRA:6F6) has filed its first-quarter outcomes, which noticed optimistic web revenue for a report fifth consecutive interval. The incubation firm recorded an adjusted web revenue of greater than C$5.1 million and diluted earnings of C$0.05 per share. It ended the quarter with money and equivalents of greater than C$10.1 million available.
MedX Well being Corp () has introduced a rise in first-quarter income year-over-year resulting from larger gross sales of its SIAscope image-capture know-how and corresponding cloud-based telemedicine platform DermSecure. For the three months ended March 31, the Canada-based firm reported income of $109,657, versus $95,544 within the year-ago interval. Revenues from the SIAscopy and DermSecure merchandise have been up 93% from 2020 due to demand in The Netherlands.
() ) () introduced that it has concluded an Induced Polarity survey and deliberate to drill targets quickly on its Felix property beneath growth within the extremely prolific Abitibi mining camp, in Quebec, Canada. The gold exploration firm with properties in Northern Québec at totally different levels of growth, mentioned the IP survey targeted on a western portion of the property, which had a “folded banded iron formation and preliminary outcomes recognized a variety of chargeability anomalies which might be according to beforehand reported MEGATEM conductors.” In consequence, the corporate is refining part 2 of its drill program on the property and mentioned it “intends to drill the targets as quickly as attainable.” Vanstar mentioned a drill rig has been secured that will probably be out there to start this system in September.
INDVR Manufacturers Inc (CSE IDVR) mentioned it has revealed its Monetary Statements and MD&A for the 12 months ended January 31, 2021, which can be found on SEDAR. INDVR mentioned it has additionally granted, efficient after market shut on Could 29, 2021, an mixture of 8,550,000 inventory choices to sure govt, board members and consultants of the corporate in accordance with the corporate’s inventory choice plan. Every choice is exercisable for one Class A Subordinate Voting Shares share within the capital of the corporate at a value of $0.065 per share, being the closing value of the shares on the Canadian Inventory Alternate (CSE) on Could 29, 2021. This can be a normal-course grant that includes a part of the corporate’s long-term compensation and worker retention incentives program.
Ltd () mentioned the TSX Enterprise Alternate has accepted for submitting the corporate’s proposal to subject 45,999 shares at a deemed worth of 71 Canadian cents per share to settle excellent debt for C$32,659.29 (US$27,000 with one creditor.
Marvel Discovery Corp () mentioned the TSX Enterprise Alternate has accepted for submitting documentation with respect to a non-brokered non-public placement introduced on Could 21, 2021, which is able to see the difficulty of two.4 million shares at a purchase order value of 12.5 cents per share along with 1.2 million share buy warrants with an train value of 25 cents for a two-year interval with one place.
Plurilock Safety Inc () (OTCQB:PLCKF) mentioned it has signed a contract with a California state company value US$133,000 and reported that it ended its first quarter of 2021 with money and equivalents of about C$5.9 million as of March 31, up from $1.7 million throughout the identical interval final yr. The corporate mentioned it generated income of $75,761 for the quarter, which doesn’t embody outcomes from its current acquisition of Aurora Programs Consulting Inc, accomplished on March 31. Aurora Programs realized income of $35.8 million in 2020.
Heritage Hashish Holdings Corp () () (FRA:2UE) mentioned it has signed a non-binding letter of intent to buy California-based Bloom Manufacturers, a set of leisure hashish manufacturers.
Inc (CVE:ZAIR) (OTCPINK:MGXRF) (FRA:0E9) studies that it ended its first quarter of 2021 with $15.5 million in capital as the corporate advances its Zinc-air Power Storage System. Throughout the quarter ended March 31, the corporate raised greater than $15 million in a personal placement providing and leased a 16,000 square-foot testing and meeting facility. It intends to construct 5 Zinc-air batteries to finish the certification course of and advance the manufacturing schedule by establishing pilot manufacturing functionality.
Mirasol Sources Ltd () (OTCPINK:MRZLF) and Golden Arrow Sources Company () have inked an choice settlement on Mirasol’s drill prepared Libanesa challenge in Argentina. Situated in Santa Cruz province, Libanesa is 14,500-hectare silver-gold-lead challenge that was found and staked by Mirasol. The property lies roughly 70 kilometres west of the port of Puerto Deseado and close to two producing gold mines owned by and . The settlement provides Golden Arrow an choice to accumulate a 75% undivided curiosity within the challenge by spending US$4 million in exploration and making staged money funds totaling US$1 million over a six-year interval.
American Manganese Inc () () (FRA:2AM) has reported the manufacturing of NMC (lithium-nickel manganese-cobalt oxide) cathode precursor materials immediately from recycled NMC cathode waste utilizing its RecycLiCo course of. The corporate mentioned the RecycLiCo product shares the identical high-quality technical specs — resembling particle morphology, measurement, and distribution — present in typical lithium-ion battery cathode precursor supplies. Furthermore, American Manganese mentioned it intends to reinforce the flexibleness of the RecycLiCo course of by adjusting the ratio of leached metals earlier than the end-cathode precursor product is made.
() () reported further outcomes from the 250,000 metre drilling program at its Marban property in Quebec, which included 4.1 grams per tonne (g/t) gold over 13.4 metres that expands mineralization contained in the Kierens proposed open pit. The corporate mentioned a number of intercepts at Marban are all situated near-surface, above a depth of 200 vertical metres that exhibit the potential to develop mineral assets in and across the proposed open-pit areas outlined within the 2020 preliminary financial evaluation.
Valeo Pharma Inc () () (FRA:VP2) has introduced that personal payer well being plans at present protecting 80% of the privately insured in Canada have agreed to supply reimbursement for Enerzair Breezhaler and Atectura Breezhaler. Enerzair and Atectura are two new modern bronchial asthma therapies which were permitted to be used in Canada. “Bronchial asthma therapies are largely lined by non-public payers representing 50% of the whole market. Reimbursement of each Enerzair and Atectura at the moment are out there for almost all of privately lined lives in Canada and reimbursement proceedings with public well being plans are able to begin,” mentioned Frederic Fasano, Valeo’s President and Chief Working Officer, in an announcement.
Jack Nathan Medical Corp (Jack Nathan Well being) () () is including to its portfolio of medical clinics with a brand new location in a British Columbia-based Walmart Supercentre. The 1,394-square foot location in Campbell River will turn out to be the Toronto-based firm’s sixth corporate-owned clinic. Jack Nathan mentioned it expects that high-margin service choices on the clinic will result in a “important enhance” in income potential.
OTC Markets Group Inc (), operator of economic markets for 11,000 US and international securities, introduced that Residents Bancorp Funding (OTCQX: CBTN), a $1.4 billion asset Tennessee -based neighborhood banking firm, has certified to commerce on the OTCQX Greatest Market. Residents Bancorp Funding was beforehand privately held. Residents Bancorp Funding begins buying and selling at this time on OTCQX beneath the image “CBTN.” US buyers can discover present monetary disclosure and Actual-Time Stage 2 quotes for the corporate on www.otcmarkets.com.
Alchemist Mining Inc () introduced it has addressed the primary set of feedback from the Canadian Securities Alternate referring to the corporate’s Kind 2A itemizing assertion respecting its beforehand introduced acquisition of belongings from All Nations Hashish Corp. The acquisition will probably be an arm’s-length transaction and is predicted to represent a change of enterprise of Alchemist beneath the CSE’s guidelines and insurance policies. Completion of the acquisition is topic to receipt of vital consents and approvals, together with, with out limitation, approval of the CSE for the itemizing assertion and the itemizing of the frequent shares of the ensuing issuer. There might be no assurance that the acquisition will probably be accomplished on the phrases proposed or in any respect. No finders’ charges are payable in reference to the acquisition, and no advances or different consideration will probably be paid by Alchemist to All Nations prematurely of closing of the acquisition.
Inc () () introduced that it’ll host a digital shareholder replace name on Wednesday, June 2 at 9 am PST (12pm EST). The decision will probably be facilitated by CEO Rob Anson and CFO Mark Lotz, who will evaluate the corporate’s most up-to-date reporting interval and talk about milestones, monetary power, M&A and extra. Anson and Lotz can even reply each pre-submitted and live-chat questions.
Inc () () introduced it has issued a complete of 4 million choices to administration, pursuant to its incentive inventory choice plan. Every choice entitles the holder to subscribe for one frequent share of the corporate for $0.15 for a interval of 5 years, topic to the phrases of the plan.
Inc () introduced that it’ll current on the Summer time Solstice Convention-Greatest Concepts Bowl, hosted by The MicroCap Rodeo, held just about June 1–4. CEO Vered Caplan is scheduled to current at 2:30 pm ET on Wednesday, June 2 and can take part in one-on-one conferences with buyers and analysts all through the convention. This Greatest Concepts Bowl is designed to deliver attendees 25 of the perfect concepts from the buy-side. The presentation will probably be webcast stay and out there for replay at https://www.webcaster4.com/Webcast/Web page/2134/41525.
() () () introduced that its CEO James Lanthier will take part in two upcoming occasions in June: Benzinga Hashish Capital Convention to be held just about on June 3-4, by which Lanthier will take part in The Colleges of Thought Round Psychedelics and How It Pertains to Inventory Costs panel on June 4 at 1:15 pm EST. To attend, please register right here. He can even be concerned in H.C. Wainwright’s Psychedelics in Psychiatry and Past Convention to be held just about on June 17. Lanthier’s company presentation will probably be out there on-demand beginning at 7:00 am ET. To attend, register right here.