The TSX Venture Exchange has accepted for filing an option agreement dated July 28, 2021, in which Canada Silver Cobalt Works Inc has an option to acquire a 100% interest, subject to a 3% NSR (net smelter return), in the Eby-Otto township property located in Kirkland Lake, Ontario from the vendors James Reed and Emmaline Reed, Douglas Robinson and Betty Robinson. In consideration, Canada Silver Cobalt Works will issue 800,000 of its shares (200,000 shares in the first year), make cash payments in the totaling $364,000 to the vendors ($124,000 in the first year) and incur exploration expenditures in the amount of $2.4 million ($400,000 in the first year) over a five-year period.
FSD Pharma (CSE:HUGE, NASDAQ:HUGE) Inc said it intends to terminate the Phase 2 clinical trial of ultra-micronized palmitoylethanolamide (PEA), or FSD-201, for use in treating COVID-19. FSD-201 stabilizes mast cells and down-regulates the pro-inflammatory cytokines to effectuate an anti-inflammatory response; it is also known to target the CB2 receptors of the endocannabinoid system of the human body. The company has previously successfully completed a Phase I first-in-human safety and tolerability study for FSD-201 and the compound to be safe with no serious adverse side effects. In June 2020, the United States Food and Drug Administration (the FDA) approved the submission of an Investigational New Drug Application (IND) for the use of FSD-201 to treat COVID-19 and in September 2020, a randomized, controlled, double-blind, multicenter Phase II clinical study was approved by the FDA.
Mydecine Innovations Group Inc (OTC:MYCOF, FRA:0NFA, NEO:MYCO) said it will hold a special virtual meeting of its shareholders on September 20, 2021 at 11 am PT to approve the spin-out of its Alt House Cannabis Inc assets, currently referred to as Spinco, to the company’s existing shareholders. As part of the transaction, Mydecine will transfer all of its interests in the company’s US cannabis subsidiaries into its wholly-owned Spinco subsidiary in exchange for 2.5 million common shares of Spinco.
Adyton Resources (TSX-V:ADY, OTCQB:ADYRF) Corporation has provided an update on the auxiliary trenching program following the successful diamond drilling program at its Gameta gold project on Fergusson Island in Papua New Guinea. “The success of our maiden drilling program at Gameta continues to be validated via the recent trenching results,” said CEO Frank Terranova in a statement. “This deposit is outcropping at surface with grade exceeding the historical results. The combination of Gameta and Wapolu deposits will have sufficient scale to produce an economic project with substantial upside. We are now accelerating technical studies and the next phase of drilling to further define the significant potential of the Ferguson Island project.”
Ayurcann Holdings Corp announced that it has struck an agreement with New York-based cannabis firm Her Highness NYC to serve as its exclusive manufacturer and distributor of products in the Canadian marketplace. Her Highness products include low-dose, fat-free mints, gold electroplated vape pens, pre-rolls and THC-infused "pleasure oils". The brand retails its CBD products online, while its THC line is available in California, Nevada, and Massachusetts, with another three states to come shortly.
Golden Tag Resources Ltd said it has wrapped up a geological interpretation program on its San Diego project in Mexico that highlights broad zones of skarn mineralization open to the north and at depth. The program was conducted in conjunction with Orix Geoscience, which reviewed existing datasets and developed a 3D geological model that incorporated results from the 2021 exploration program on the property. In a statement, Toronto-based Golden Tag said that the 3D model “clearly illustrates that broad zones of skarn mineralization are open to the north and at depth within the diorite and marble, as well as to the northwest and southeast of the currently modelled Fernandez Zone.”
Todos Medical Ltd said that its certified lab, Provista Diagnostics, has entered into a reference lab agreement to provide cPass neutralizing antibody blood testing services to Meadowlands Diagnostics, another CLIA-certified provider of laboratory testing services. Reference lab agreements enable the movement of specimens between labs to perform specialized testing that the ordering lab can’t run in-house. The cPass ELISA blood test has received emergency use authorization (EUA) from the US Food and Drug Administration (FDA) for the detection of neutralizing antibodies (NAbs) that will allow healthcare professionals and patients to monitor key biomarkers of coronavirus (COVID-19) immunity. The tests can be used to identify individuals already vaccinated against COVID-19 who require a booster shot.
Klondike Gold Corp has announced the completion of the first three stages of drilling at the company’s wholly-owned Klondike district project in Canada’s Yukon Territory, which consisted of 45 holes totaling 6,532 meters (m). Klondike Gold also said it has added a 1,500m Phase 4 drill program scheduled to begin in early September, which will include new high-priority targets generated by prospecting. “Recent prospecting efforts have targeted LIDAR features interpreted as faults identified from a 2019 high-resolution survey of the Company's entire Klondike District Project,” Klondike Gold CEO Peter Tallman said in a statement.
Stifel GMP has repeated a 'Buy' recommendation on Mongolia-focused producer Steppe Gold Limited (TSX:STGO, OTCQX:STPGF) following the miner's recent second-quarter results. Analysts at the brokerage said they were looking forward to the results of the second phase feasibility study into expanding the group's flagship producing ATO project and the restart of leaching there.
Mindset Pharma Inc (CSE:MSET, OTCQB:MSSTF, FRA:9DF) announced it had filed its new provisional patent application with the United States Patent and Trademark Office that extends its Family 4 compounds, a set of novel DMT/5-MeO-DMT analogs. In a statement, the Toronto-based company said that the most recent application covers a “comprehensive range” of next generation drug candidates, as well as their related chemical process synthesis, composition of matter and therapeutic uses. “The second patent application for our novel drug candidates incorporates new side-chain restricted analog designs - working from the progress of our first application - and broadens the strength of our patent estate,” James Lanthier, CEO of Mindset, told shareholders.
Endexx Corporation has announced that its international subsidiary, Go Green Global Enterprises Inc (G3), and its partner Go Green Global Limited, a Jamaican Corporation, have initiated the soft launch of a new Herb House, which is the equivalent of a medical marijuana dispensary in the US, in Ocho Rios, Jamaica. “In the heart of the Taj Mahal Shopping Center, in Ocho Rios, and as a year-round tourist destination, the store is now unveiled as Go Green Global’s first licensed store to carry premium medical marijuana, ganja, and other superior products,” said the company. Endexx added that the store features an Herb House Lounge for on-site consumption, products for sale, and serves as a “premium location” for customers. In addition to being built on high-end commercial real estate, the store is conveniently located as a last stop for tourists before they board vacation cruise ships and go on daily adventure tours to attractions like the nearby Ocho Rios waterfalls.
American Manganese Inc said it has successfully upcycled material from end-of-life lithium-ion batteries into cathode precursor using its RecycLiCo technology. The resultant NMC-622 (nickel-manganese-cobalt oxide) cathode precursor could then be used for further manufacture of batteries for electric vehicles (EVs).
Empower Clinic Inc said it has entered a memorandum of understanding (MOU) with Pharmasave for a six-month pilot program to distribute and resell its Kai coronavirus (COVID-19) Testing Solutions at independent pharmacies.Empower said the products will include Rapid Antigen Testing, Rapid Antibody Testing and Kai Saliva RT-PCR tests. Pharmasave is one of Canada’s leading independent pharmacy and drugstore retailers, with over 800 stores across the country. Under the six-month pilot program, both companies will evaluate the costs and revenue opportunities while determining a final business model that will serve Pharmasave’s patients and their corporate accounts.
authID.AI Inc has announced the pricing of its underwritten public offering as it prepares to list its shares on the Nasdaq Capital Market. The biometric identity verification company, formerly known as Ipsidy Inc, said it will sell 1,428,571 shares of its common stock at a public offering price of US$7 per share, raising gross proceeds of about US$10 million, before deducting underwriting discounts, commissions and expenses associated with the offering. The Denver-based company has also granted the underwriters a 45-day option to purchase up to an additional 214,285 shares to cover over-allotments at the public offering price, less the underwriting discount. The offering is expected to close on August 26, 2021, subject to customary closing conditions.
Renforth Resources Inc (CSE:RFR, OTCQB:RFHRF). has announced additional positive assay results from the 2021 portion of the 15,000 meters (m) drilled at its Parbec surface gold deposit in Quebec. In a statement, the company said the interval of 9.5m of 4.66 grams per ton (g/t) gold included a sub-interval of 1m which assayed 31.2 g/t of gold. Renforth said the drill program, which consisted of 49 drill holes, was designed to infill gaps within the mineralized model, as well as test several historic holes in order to validate 13,000m of drill data excluded from the May 2020 Mineral Resource Estimate for Parbec and to begin to test the deposit at depth.
TPCO Holding Corp, also known as The Parent Company (OTCQX:GRAMF, NEO:GRAMU), has launched a new line of wellness products, Well by Caliva. The new line offers lotions and tinctures in three categories; Well Balanced, Well Rested and Well Relieved - allowing consumers to pick the products that best cater to their needs. The company chose to launch the offerings in August as part of the National Wellness Month, with the goal of meeting consumers and their desired effects head on.
GR Silver Mining (TSX-V:GRSL) Ltd said it has reached a major milestone in advancing its assets in the Rosario mining district of Mexico, as it posted initial resource estimates for its 8,515 hectare (Ha) Plomosas project. The latest NI-43 101 estimates include data from 80 new holes and 476 historic ones, or 100,672 metres (m) of drilling covering two areas, the former Plomosas mine and the San Juan area, the firm said. It also builds on the initial resource of the group's San Marcial project, 5 kilometres (km) away, announced in mid-2020, showing 36.0 million indicated ounces (Moz) of silver-equivalent.
Delta 9 Cannabis Inc has announced the grand opening of its thirteenth retail store, and tenth cannabis store in the Canadian province of Manitoba, which is bordered by Ontario to the east, and Saskatchewan to the west. The vertically integrated cannabis company’s newest retail store is in the City of Selkirk and is scheduled to open on Thursday. “I am very proud of the fact that in spite of the pandemic our team has worked hard to continue our pace of growth,” Delta 9 CEO John Arbuthnot said in a statement. “The Delta 9 brand is becoming more familiar in Western Canada and this new store location strengthens our network of stores and enables us to continue to offer the best selection of cannabis products; at the lowest prices, from the most popular cannabis manufacturers in Canada.”
Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) Inc said it has released its new Venue Management System for conferences and events that will help organizers provide “a better, mobile-first contactless customer experience,” reduce costs and get better analytics on how attendees are interacting with the event. The Vancouver, British Columbia-based company said the packaged solution consists of Fobi’s Passcreator Wallet passes and proprietary Smart Tap Devices and the new Smart Scan Pass Validation App for event check-in and management, as well as Fobi’s Insight Portal for event analytics. Fobi’s new platform is being launched at the three-day Society for Independent Show Operators (SISO) summer conference, starting on August 24, 2021, in Louisville, Kentucky.
Cardiol Therapeutics (TSX:CRDL, NASDAQ:CRDL) Inc. has announced that the US Food and Drug Administration approved its Investigational New Drug (IND) application for a Phase II trial to study the safety and tolerability of CardiolRx as well as its impact on recovery in patients with acute myocarditis. Myocarditis is an acute inflammatory condition of the myocardium, characterized by inflammation of the heart muscle, which may result in chest pain, impaired cardiac function, atrial and ventricular arrhythmias, and conduction disturbances.
Fortitude Gold (OTCQB:FTCO) Corp, a precious metals company focused on Nevada, has unveiled the exploration results from its 2021 Scarlet phase II drill program. The 2Q exploration initiative returned several promising intercepts including 4.57 meters (m) of 3.19 grams per tonne (g/t) gold within 19.81 meters grading 1.57 g/t gold. According to Fortitude, the mineralization in question is associated with the northwestern structural extensions of its Isabella Pearl mine located in Mineral County, Nevada.
Q BioMed Inc said it has received a Notice of Allowance for the patent of its Uttroside B asset in South Korea, adding to the patents already secured in Canada and Japan for the liver cancer chemotherapy candidate. The company said recent results from pre-clinical pharmacokinetic testing on Uttroside B have also been very encouraging and the data supports advancing the program. “Uttroside B shows tremendous value in the liver cancer market,” the company said in a statement. “Uttroside B has also received Orphan Drug designation from the FDA (US Food and Drug Administration)."
Nextech AR Solutions Corp, a developer and operator of augmented reality (AR) platforms, reports it is an early access partner for the Google 3D AR search program. As an early access partner, Nextech AR will grant exclusive early access of the 3D search program to its current Threedy.ai customers, including some of the world’s largest furniture retailers; Kohl’s, Pier 1, Lighting Plus and Kmart Australia. According to the company, with Nextech’s 3D generated models showing up in Google’s 3D AR Search Program, brands can now expect to see their products as organic search results on Google.
ElectraMeccanica (NASDAQ:SOLO) Vehicles Corp has appointed noted automotive leader Dave Shemmans to its Board of Directors as an independent director. As the CEO of Ricardo PLC (LSE:RCDO) for the past 16 years, Shemmans was referred to as one of the UK’s longest-serving and best-regarded automotive leaders by The Times of London. He helped transition Ricardo from a limited automotive engineering business to a multi-sector, global engineering and environmental consultancy, ElectraMeccanica (NASDAQ:SOLO) noted in a statement.
MedX Health Corporation has announced the appointment of Sylvain Desjeans to the company’s board of directors to fill the vacancy created by the retirement of former chairman Rob von der Porten. Current director Ken McKay has been chosen to replace von der Porten as the new chairman of the MedX Health board. Desjeans, who has more than 30 years of healthcare and pharmaceutical industry experience, was recently promoted to president and CEO of MedX.
Manganese X Energy Corp said it has completed a plan of arrangement under Section 297 of the Business Corporations Act (British Columbia). The plan of arrangement will be completed on August 27, 2021, the payable date, and results in the company shareholders receiving one share of Graphano Energy Ltd. for every eight shares of the company held on the record date of August 24, 2021.
ElectraMeccanica (NASDAQ:SOLO) is one of several leading public and private companies expected to participate in the 10th annual Gateway Conference that will be held virtually on September 8th and 9th. Attendees will have the opportunity to discover and learn about a select group of compelling companies across a wide range of industries, including consumer & wellness, financials, internet & business services, industrials, technology & electric vehicles, and SPACs. The invitation-only conference provides investors and analysts a unique opportunity to gain valuable insights during two days of presentations and one-on-one meetings with senior management. To request an invitation, please visit gateway-grp.com/conference/ or email conference@gatewayir.com
https://www.gateway-grp.com/conference/
OTC Markets Group Inc, the operator of financial markets for 11,000 US and global securities, has announced that US Metro Bancorp, a state-chartered bank engaged in commercial and consumer banking business, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTC Pink market. Graduating to the OTCQX Market marks an important milestone for community banks in the US public markets. The OTCQX Market enables banks to maximize the value of being a public company by providing transparent trading and easy access to company information for shareholders. To qualify for OTCQX, community banks must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.