A glance at some of the day’s highlights from the Proactive Investors US and Canada newswires
(, ) announced it has started field work on its Gaspard gold project in British Columbia. Located near Spences Bridge, the property includes three mineral claims covering 3,955 hectares in the Clinton Mining District of the province and close to several flagship gold projects in the region’s gold belt. Falcon will be conducting prospecting, field reconnaissance mapping and sampling as part of its exploration program.
has published an overview on sales for the commercial/contract furniture industry. June sample of orders and sales compared positively year over year, continuing a trend first evident in the April result, which was the first year-over-year (y/y) gain since February 2020. As of now, June’s +37.7% order growth was the strongest y/y change in 2021 to date. Read more insights from the report here.
(, ) would like to remind investors that the company will be holding a live webcast to discuss its 2021 second-quarter results. Robert Kaul, CEO and founder of Cloud DX, will be hosting a video call with investors and other interested parties to discuss the company’s fiscal second-quarter results and outlook. The call will take place Tuesday, August 17, 2021, at 1:30 pm ET. To participate in the webcast please register here.
() reported that it ended its second-quarter 2021 with cash and equivalents of $25.6 million as of June 30, 2021, which doesn’t include proceeds from its $15 million underwritten public offering in July. The company noted it now has sufficient funds to sustain its operations into 2023.
Vicinity Motor Corp is reporting that its second-quarter revenue jumped by triple digits on higher bus sales. For the quarter ended June 30, 2021, the company said revenue increased 119% year-over-year to $19.1 million. The higher revenue was primarily driven by the delivery of 46 buses in the quarter, versus 23 buses in 2Q 2020. Also, the company ended the quarter with working capital of $24.4 million, as compared to $16.7 million as of December 31, 2020.
(, ) announced it has struck a deal to acquire a multidisciplinary centre that offers cannabis and psychedelic therapies in British Columbia for C$2.3 million. The agreement for 1225140 BC Ltd, doing business as PerceiveMD, was signed through Phyto’s wholly owned subsidiary Adastra Labs Inc and will be satisfied in Phyto shares.
Ayurcann Holdings Corp announced it has agreed to a manufacturing and distribution agreement with Innocan Pharma Corporation, a pharmaceutical technology company that develops drug delivery platforms that contain CBD. The agreement sees Ayurcann manufacture Innocan’s Relief and Go topical products and SHIR Beauty skincare line at its facility in Pickering, Ontario. Toronto-based Ayurcann will also become the exclusive Canadian distributor for the products, according to a statement.
() Inc CEO Mark Duff said that while revenues in the second quarter were impacted by the effects of the coronavirus (COVID-19) pandemic the company has begun to see “activity pick up in the third quarter” and it expects “an improved second half of 2021. In a statement accompanying the company’s second-quarter numbers, Duff noted: “Despite the challenging environment, we reported net income of $3 million and maintained over $7 million of cash on the balance sheet. He added: “We experienced weakness in our Services Segment due to delays throughout the industry in evaluating bids and awarding procurements, also primarily due to the pandemic. Nevertheless, as we look at our bidding pipeline we are encouraged as these bids are collectively valued in the hundreds of millions of dollars.”
() Ltd. has announced retail sale order commitments for most of the model year 2022 production run. In a statement, the company said it expects to finalize the orders concurrently with signing up dealers. The orders are primarily for its flagship SMART Seeder MAX-S (with singulation) and its SMART Seeder MAX-5 (5 product volumetric). All orders are for dealers and customers in Western Canada.
(, ) said 2021 has been active thus far following several coronavirus (COVID-19) related supply chain challenges in 2020. According to the corporate update, the first six months of the year have been a busy period for the company which has been mining and stacking on the heap leach phase. The Mongolian-focused precious metals miner plans to have a newly installed fixed crushing unit operational by October 2021 at its ATO Gold mine.
Empower Clinics Inc provided an update on its clinic expansion strategy, saying it has 13 pending leases for new locations across Canada. The company currently has four signed leases where construction is underway, including a second flagship location in the Greater Toronto Area. Additionally, Empower said it held another four leases signed and five pending letters of intention for new clinics.
(, )said it has completed the previously-announced sale of the company‘s Mid-Tennessee Zinc Mine royalty to an assignee of Electric Royalties Ltd. In return, Globex received $13,750,000 in cash, of which $250,000 was received previously net of applicable withholding taxes, as well as 8,752,860 Electric Royalties shares. The company was also granted 5,348,970 Electric Royalties warrants, each of which entitles Globex to purchase one additional Electric Royalties share at a price of $0.60 for a period of four years.
(, ) said it has closed the previously-announced acquisitions of 25% of the Middle Tennessee Mine (MTM) royalty plus 100% of the Glassville manganese royalty from (, ) Electric Royalties paid C$250,000 in cash and issued nine million of its common shares, plus 5.5 million of its common share purchase warrants in consideration for the two royalty interests. “On receipt of the first royalty payment we will be transformed into a cash flowing royalty company, a significant milestone for Electric Royalties,” Electric Royalties CEO Brendan Yurik said in a statement.
() Corp. has announced that in partnership with the YMP (Young Mining Professionals) Scholarship Fund and Ore Group, it has created the Ore Group Indigenous Scholarships. As part of these scholarships, () will be awarding a $2,000 scholarship to a student leader looking to pursue a career in the mining industry who has demonstrated academic success, and a commitment to preserving Indigenous languages and culture. “American Eagle Gold is proud to support both the mining industry and indigenous communities in Canada. The extraction industry has long been the backbone of the Canadian economy and the largest employer of many indigenous communities in Canada. I hope that the two thousand dollars can provide some well-deserved financial relief to a well-deserving student who may very well be a future leader in the industry and their community,” said Anthony Moreau, CEO of American Eagle Gold in a statement.
(, ) said that, in partnership with the Young Mining Professionals Scholarship Fund (YMPSF) and Ore Group, it has created the Ore Group Indigenous Scholarships. As part of these scholarships, QC Copper & Gold will be awarding a $2,000 scholarship to a student leader looking to pursue a career in the mining industry who has demonstrated academic success and a commitment to preserving Indigenous languages and culture. In a statement, Stephen Stewart, CEO of QC Copper & Gold and chairman of Young Mining Professionals commented: “Ore Group is very pleased to support initiatives that encourage Canadian students to explore their interests in the natural resource sector. Our industry faces a substantive talent gap, and we are proud to support STEM and earth sciences education. Furthermore, it is critical to engage Canada’s Indigenous communities and encourage their involvement within the extractive industries, as it is the largest employer and a primary partner of these communities.”
i-80 Gold Corp, a well-financed mining company, closed the second quarter with cash and equivalents of $70.1 million and no debt to advance its portfolio of projects in the goldfields of Nevada. For the period ended June 30, 2021, the mining company produced a total of 4,972 ounces of gold, compared to 4,765 ounces of gold during the second quarter of 2020 from the South Arturo property. In the meantime, a total of 11,075 ounces of gold were produced for the six months ended June 30, 2021.
() has reported a triple-digit increase in its second-quarter revenue. For the quarter ended June 30, 2021, the company said total revenue increased 250% year-over-year to C$7 million. Adcore also said its gross margin saw a significant increase sequentially to 46% from 23% in the 1Q of 2021.
() Inc has announced an agreement with Colorado-based cannabis dispensary operator Peak Dispensary to develop scopes of work for the integration of Spotlite360’s suite of technologies into Peak’s systems as part of its business objectives. Spotlite360 said Peak intends to leverage its technology to improve visibility into the movement of its products through the supply chain both to create new business value and to diligently comply with the unique regulations in each new state in which it plans to operate.
Melkior Resources Inc has provided an update on the summer exploration and future drill plans for its Carscallen joint venture project with Kirkland Lake Gold Ltd. Located 25 kilometers from Timmins, Ontario, the Carscallen project is currently being operated by Kirkland Lake Gold as part of the 2020 option/joint venture agreement between the two companies. The summer field program will include a two-phase closely spaced soil sampling. Melkior noted the sampling will be spaced at 12.5-meter (m) intervals, a significant decrease from the 50m that was used previously at the property.
() said it has received a US$140,000 order from the National Aeronautics and Space Administration (NASA) under the Solution for Enterprise-Wide Procurement (SEWP) program, a US Government-Wide Acquisition Contract Vehicle (GWAC). The company noted that this order is the latest in a series of new business for Plurilock’s Solutions Division, as it continues its growth within the government and financial verticals. Since April 1, 2021, Plurilock has announced a total of roughly US$7.78 million in sales from all signed contracts and orders.
Algernon Pharmaceuticals Inc announced an expansive new research program that looks at the effects of NP-120, or Ifenprodil, on a particularly deadly form of lung cancer. The program zeroes in on small cell lung cancer (SCLC), a high-grade neuroendocrine carcinoma that Algernon told shareholders has an “exceptionally poor prognosis” and accounts for nearly 15% of all cases of lung cancer. A 2019 study showed that Ifenprodil, when used in combination with a type of chemotherapy drug called topotecan, effectively blocked tumor growth.
(, ) Inc revealed that its 2Q revenue grew by 28% to 15.5 million euros thanks to a growing number of users placing higher bets on its platforms. The gaming company reported adjusted EBITDA of 1.9 million euros compared to 1.75 million euros in the same year-ago quarter, while its adjusted EBITDA margins fell by 2.1% to 12.3%. Bragg recently closed its acquisition of US and European-focused casino content studio Wild Streak LLC, which is expected to propel Bragg’s business model into an in-house proprietary online gaming content studio to drive higher gross profit margins.
PlantX Life Inc and its wholly-owned subsidiary Bloomboxclub Limited have partnered with () Limited for a unique UK-based campaign to celebrate the release of Disney’s new film, Jungle Cruise. Bloombox is a digital greenhouse company that sources and curates a tailored plant experience. Offering UK customers an easy e-commerce platform that sells and delivers indoor plants directly to your home. The co-branded campaign, will see Bloombox commemorate the adventure-filled film, with the launch of a new Amazonian plant collection, included in the honorary collection are snaky trailing plants, exotic trees and even Jungle Cruise inspired terrariums.
(, ) said it has signed an Application Programing Interface (API) licensing agreement with Citadel Mortgages to provide their customers direct access through Marble Connect to the company’s proprietary financial wellness platform, MyMarble. With the recent introduction of Marble’s revolutionary B2B product utilizing detailed risk assessment, consumer financial data, and a fully functional business & consumer portal, Marble Connect offers Canadian businesses a new turnkey marketing, education, and products solution for the broader audience of consumers looking to execute on more future business to connect through Marble’s financial fitness platform. Citadel Mortgages is one of the largest full-service Mortgage Brokerages with professional Mortgage Agents & Mortgage Brokers servicing across Canada.
(, ). has announced that its portfolio company Fantasy 360 Technologies Inc. (known as Immersive Tech) has received conditional listing approval from the Canadian Securities Exchange (CSE) and will trade under the ticker symbol VRAR. The listing is subject to Immersive fulfilling the CSE’s final listing conditions, Over the past four years, Immersive has built highly sought-after escape room experiences for some of the largest family entertainment groups globally, including APEX Entertainment and Kalahari Resorts. Immersive also operates the newly launched company “UNCONTAINED,” the world’s first COVID-safe free-roam AR/VR shipping container Location-Based Entertainment franchise.
() said it is now offering unique capabilities to support diversity hiring initiatives. “Most companies want to run strong diversity programs but do not have the tools or process to execute efficiently,” said Evan Sohn, CEO of Recruiter.com. “Recruiter.com offers a data-driven approach to diversity sourcing that allows for rapid identification and engagement. We are excited to offer a compelling technological solution to address this rapidly expanding business need.” A fast-growing segment of the $120 billion recruiting industry, the global diversity recruiting software market is projected to reach $709.5 million by 2027, growing at a CAGR of 9.4% from 2020 to 2027, according to Research and Markets’ Diversity Recruiting Software Market Forecast.
(, ) said it has entered into an exclusive intellectual property licensing and royalty agreement with (), a biopharmaceutical company focused on the development, manufacturing, and commercialization of plant-derived cannabinoid-based products. The licensing agreement is for the commercialization of a number of Avicanna’s advanced CBD-based topical products under Heritage’s medical cannabis brands targeting patients registered to purchase medical cannabis in Canada. The branded products include Avicanna’s proprietary cannabinoid topical formulations developed through years of extensive research by Avicanna’s team of scientists.
(, ) has partnered with London-based iSportConnect to introduce the company’s fan engagement products to the UK and European soccer teams, sports leagues, broadcasters and brands. ImagineAR said the iSportConnect platform is the largest global private network of sport business executives and major clients include Tata Communications Ltd, InfrontX, Vindicia, and Hookit. The platform has over 20,000 members. Under the two-year agreement, ImagineAR will be the exclusive consultancy client.
(, ) Corporation, a technology provider for the remote economy, said that it has been approved for trading to start its shares on the OTCQB Venture Market on Wednesday under the ticker symbol XIGMF. “We are pleased to offer investors yet another avenue for trading our shares and look forward to increasing the awareness around our company for US investors,” Brian Kalish, co-founder and CEO of Xigem said in a statement. “We believe that trading on the OTCQB can lead to overall enhanced liquidity and visibility in global capital markets as we continue to execute against our strategy of building, acquiring and providing technologies for the ever-emerging remote economy.”
(, ). has announced that the company’s quotation on the OTCQB Venture Market has been upgraded and its common shares will begin trading today on the OTCQX Best Market under the ticker symbol VLMGF. In a statement, Jim Mackenzie, CEO of Viscount Mining commented: “We have had significant interest from US-based investors and believe that our graduation from the OTCQB Venture Market to the OTCQX Best Market marks an important milestone in the Company’s history. The OTCQX Best Market is the highest market tier of OTC Markets, and we believe that trading on OTCQX will enhance the visibility to US investors. We look forward to engaging with new US investors as we grow the Company for all stakeholders,” he added
(, , , ) has published a circular to shareholders containing a notice of an extraordinary general meeting of the company to be held at 2.00pm BST / 9.00am ET on September 9, 2021. The purpose of the meeting is to seek shareholder approval for a reduction of capital to create distributable reserves which may be used to support the payment of dividends and any potential share repurchases by the company over the longer term. The company proposes to execute the reduction of capital through the capitalisation of a merger reserve rather than through the cancellation of a share premium account, as previously described in the prospectus dated June 9, 2021. The company will also seek shareholder approval at the meeting for the issue of a special class of shares in Endeavour Gold Corporation on the vesting of its long-term awards. Proxy forms for the meeting must be submitted no later than 2.00pm BST/ 9.00am ET on 7 September 2021. The meeting will be held in a hybrid format conducted for those attending via the electronic platform as a live audio-only webcast.
Gevo, Inc. has announced that Dr Chris Ryan, its president, chief operating officer, and Lynn Smull, its chief financial officer, will participate in a Fireside Chat on Wednesday, August 18, 2021, at 4.00pm EDT. Topic: ‘Progress Report on Net-Zero 1 Capex Scope & Financial Projection’. Investors and other persons interested in participating in the event can register using the following link: https://globalmeet.webcasts.com/starthere.jsp?ei=1483592&tp_key=bddd6d026f
() has announced that it will report its second-quarter 2021 financial results on Monday, August 16, 2021. The company’s management will host a conference call and live audio webcast to provide a business outlook at 4.30pm ET that same day. Interested participants and investors may access the conference call by dialing (877) 407-4019 and referencing ()’s First Quarter of 2021 Conference Call, or by the following webcast link: https://78449.themediaframe.com/dataconf/productusers/arec/mediaframe/46274/indexl.html. An audio replay will be available on the company’s website following the call.
() Inc. has announced that it will host an investor conference call and webcast on Monday, August 16, 2021. Jay Roberts, the company’s chief executive officer, and Andy LaFrence, its chief financial officer will highlight corporate, scientific, and operational milestones achieved in the second quarter of 2021, as well as discuss the financial and corporate vision for the company going forward. Dial-In details: Toll-Free +1.844.369.8774, Webcast link: https://www.webcaster4.com/Webcast/Page/2756/42335. The live event will be recorded and available for replay. The conference call and webcast details are also included inside the Investors section of the () corporate website at www.vyantbio.com.
(), which is in the process of changing its name to American Battery Technology Company, has announced that David Corsaut, its chief financial officer, will present at the Sidoti & Company Virtual Microcap Conference on August 18, 2021, at 4.00pm ET. To learn more about the event or to schedule a one-on-one meeting with American Battery Technology, investors can visit https://sidoticonference.com/microcapconference or email email@example.com.
(, , ) has said its CEO, Evan Gappelberg and ARway CEO-founder, Baran Korkmaz, will be attending a special Proactive Investors Livestream for a discussion about the Metaverse and Nextech AR’s acquisition of spatial based computing company ARWAY Ltd. This acquisition provides Nextech with a spatial mapping platform critical to building the Metaverse. The livestream will be on Wednesday, August 11, 2021, at 12.30pm Eastern Time (US and Canada) and investors can register here: https://zoom.us/webinar/register/WN_cR37tJ0aTDC_te7R51wjqw
(, ) Wellness Inc. has said it will report its financial results for the second quarter ended June 30, 2021, at 8.00am. (Eastern Time) on Monday, August 16, 2021, followed by an 8.30am (Eastern Time), conference call and webcast with a question-and-answer session. Dial-in details for the call: Domestic 888-506-0062; International 973-528-0011; entry code 746381. To join the webcast, investors can use the following link: https://www.webcaster4.com/Webcast/Page/2710/42495. A replay will be available from the Investor Relations section of (, )’s website at HempFusion.com/corporate-information
(, ). has announced that its CEO, Scott Burton will be attending the Q3 Virtual Investor Summit being held on August 17-18, 2021. His presentation on August 17t, 2021, at 2.45pm ET can be accessed using the following link: https://zoom.us/webinar/register/WN_Om0qBizmRRavgwseQnBzU
Victory Square Technologies has announced that its CEO Shafin Diamond Tejani will be attending the Q3 Virtual Investor Summit being held on August 17-18, 2021, He will give a presentation on August 18, 2021, at 2.45pm ET via the following link: https://zoom.us/webinar/register/WN_XdNbQOJQSc-8fOFG9nIvoQ