Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Pharma & Biotech

NA Proactive news snapshot: Cloud DX, Playgon Games, LQwD Fintech, Dalrada Corporation UPDATE ...

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

Cloud DX (TSX-V:CDX, OTCQB:CDXFF) Inc has announced a new program in the US that aims to identify, qualify, and enroll selected patients with chronic conditions in Illinois, New Jersey, and Florida for reimbursed remote patient monitoring (RPM) programs. It said other states may also be targeted. The company said it is partnering with Prizm Media on the new ‘patient-first program to improve patient access to RPM in a uniquely scalable way. It said the contract gives Cloud DX (TSX-V:CDX, OTCQB:CDXFF) and physician partners immediate access to thousands of patients with chronic illnesses in the initial rollout states through Prizm's extensive patient database.

Playgon Games (TSX-V:DEAL, OTCQB:PLGNF) Inc told investors that its betting turnover exceeded $1.4 million in August, more than double July's, and continues to grow as it on-boards additional operators and leverages its innovative VegasLounge live dealer product. In an operational update, the software-as-a-service technology company focused on the iGaming market said average bet size per hand continues to increase significantly after it initially focused on smaller wagers to ensure that its platform scaled as designed and was optimised for success. “We are now entering a new phase in our commercialization as we are introducing sizeable operators that should have a material impact on our top line,” CEO Darcy Krogh said in a statement. “Metrics for September show momentum in growth as we are almost at August's total number as of today in betting turnover, despite only halfway through the month.

LQwD Fintech Corp announced that it has filed a final short form base shelf prospectus with the securities commissions in each of the provinces and territories of Canada, except Québec. The prospectus allows the company to offer and issue up to $50 million common shares, warrants, subscription receipts, units, debt securities or any combination of such securities during the 25-month period that the final shelf prospectus is effective. LQwD FinTech is a financial technology company that develops and provides payment network infrastructure and solutions on top of the Lightning Network, a scalable Layer 2 solution built on top of the bitcoin blockchain.

Dalrada Corporation has announced that its Pala Diagnostics LLC joint venture with Vivera Pharmaceuticals Inc performed both reverse transcription-polymerase chain reaction (RT-PCR) tests and US Food and Drug Administration (FDA)-authorized Antigen tests throughout the three-day Boise (NYSE:BZ) Pride Festival and Parade in Idaho. Dalrada noted that nearly 3,000 point-of-care coronavirus (COVID-19) tests were administered and processed utilizing Vivera’s exclusive proprietary software LabPort, with recipients receiving a text message to retrieve evidence of COVID-19 testing.

Fireweed Zinc Ltd (TSX-V:FWZ) has hailed the results of a step-out hole at the Boundary West target at its Macmillian Pass zinc-lead-silver project in Yukon, which, the company said hit three "distinct zones of zinc-lead-silver mineralization" and has opened up the rest of the Boundary area for exploration. The diamond drill hole hit high-grade laminated stratiform mineralization similar in style to the Tom and Jason deposits, said Fireweed, with assays including 23.77% zinc, 3.44% lead, and 75.7 grams per ton (g/t) silver over 10.42 metres (m) from a depth of 175.01m. At shallower depths, from 87.10m, the hole also hit vein hosted mineralization with results including 4.57% zinc, 0.02% lead, and 7.9 g/t silver over a width of 40.24 m. A third zone showed massive to semi-massive sulphides.

Progressive Planet Solutions Inc said it wishes to congratulate ZS2 Technologies on its “milestone” strategic partnership with Baymag Canada to accelerate commercialization of sustainable construction materials. On July 15, 2021, Progressive Planet signed a letter of intent (LOI) with ZS2, which includes combining applied research efforts to permanently sequester CO 2 in magnesium-based cements as well as an agreement to supply ZS2 with up to 10,000 tons annually of Z1 Natural Pozzolan from Progressive Planet’s Z1 Natural Pozzolan Quarry.

Sanatana Resources Inc told investors it has identified a new copper-bearing zone, named the Tarn zone, at the Oweegee Dome copper-gold project located within the famous Golden Triangle of northwest British Columbia. The company said the discovery of the Tarn zone greatly upgrades the Skowill prospect and augments the porphyry copper-gold mineralization observed at the Malloy and Snowpatch zones over 8 kilometres (km) south at the Delta prospect. The Oweegee Dome project is the subject of an option agreement between Sanatana and ArcWest Exploration Inc. “The discovery of copper mineralization at the Tarn zone along with the copper-gold porphyry mineralization at the Malloy and Snowpatch zones greatly enhances the overall perspectivity of the Oweegee Dome project,” president Buddy Doyle said in a statement. “Our recent work greatly supports our original exploration concept that Oweegee hosts multiple rock-covered porphyry systems. Our continuing efforts will focus on identifying drill targets for 2022.”

Co-Diagnostics (NASDAQ:CODX) Inc has announced that CoSara Diagnostics Pvt Ltd, its joint venture for manufacturing and sales in India, has received clearance from the Central Drugs Standard Control Organization (CDSCO) in India to manufacture and sell its Saragene dengue and chikungunya RT-PCR tests as in vitro diagnostics (IVD). The Saragene test kits approved by the CDSCO use the company’s patented CoPrimer technology for the qualitative detection of these mosquito-borne viruses. CoSara has previously received CDSCO clearance for RT-PCR tests for Mycobacterium tuberculosis, malaria, hepatitis B, hepatitis C, human papillomavirus (HPV), and two COVID-19 assays, all to be manufactured and sold as IVDs in the Indian market.

Vuzix Corporation (NASDAQ:VUZI) has announced that BlueJeans by Verizon is currently piloting an industry-first approach for boosting service delivery, reliability, and quality by tapping into Verizon's 5G network and the power of Mobile Edge Computing -- expanding the potential use cases and overall performance of BlueJeans running on Vuzix Smart Glasses. By deploying BlueJeans at the edge, Vuzix said networks are able to execute more of the compute-intensive workloads, freeing the mobile endpoint to deliver a truly unique video conferencing experience without being weighed down by traditionally burdensome processing tasks such as virtual backgrounds and immersive presentation. BlueJeans was specifically engineered by Verizon to optimize the user experience on the Vuzix M400 and M4000 Smart Glasses for everyone from the back-office and field technicians to remote workers.

Adastra Holdings (CSE:XTRX, FRA:D2EA) Ltd, formerly Phyto Extractions Inc, announced that it has struck a share purchase agreement to acquire all the issued and outstanding shares of 1204581 BC Ltd, doing business as Phyto Extractions from the shareholders of Phyto Extractions. Langley, British Columbia-based Adastra said it has agreed to issue 20 million shares to the vendors at a deemed price of $0.96 per share for a total purchase price of $19.2 million. Phyto Extractions, a well-known brand in Canadian cannabis concentrates, was incorporated in 2019 in British Columbia. It licenses its intellectual property to Canadian cannabis license holders and collects royalties generated by selling cannabis consumer packaged goods to provincial distributors and retailers across the country.

Zoglo's Incredible Food Corp announced the listing of its Incredible plant-based product line with Calgary Co-operative Association Limited, solidifying its retail footprint in the Alberta market. The company said Zoglo's Incredible line in its entirety which includes consumer favourites such as chicken strips, meatballs, and burgers will be available in all 22 Co-op supermarkets in the Calgary metropolitan area. "We are very excited to work with a planet-oriented company like Calgary Co-op and bring Zoglo's innovative and delectable plant-based products to customers across Alberta," Zoglo's CEO Anthony Morello said in a statement. "This rollout will facilitate consumer adoption by further strengthening our brand awareness and availability across Canada while doing our part in reducing emissions."

CleanSpark Inc (NASDAQ:CLSK) has outlined the benefits of nearly $145 million of investment to the community of Gwinnett County in Georgia, as it announced a tie-up with the public-private initiative Partnership Gwinnett as the company brings its data center to the city of Norcross. In August this year, the firm closed on the acquisition of the 87,000 square foot (sq ft) , seven acre, data center in Norcross, Georgia, to substantially increase the company's Bitcoin mining operation. The $6.55 million purchase of the former Sprint/Nextel data center is expected to bring 20 skilled and highly skilled jobs to the community, at an average yearly wage of around $50,000. CleanSpark expects the facility to be operational later this year.

PlantX Life Inc said it has been actively implementing a retail rebranding initiative by re-naming its existing brick-and-mortar stores as ‘XMarket’ to “reflect the dynamic, interactive, and diverse in-store experience” provided by the company's retail locations. The rebranding will apply to the company’s current retail locations in Squamish, British Columbia and the New Deli location in Venice Beach, California, as well as its future brick-and-mortar stores in San Diego, California and Tel Aviv, Israel, which are expected to open in October and on November 15, 2021, respectively.

Benchmark Metals Inc, a precious metals explorer operating in British Columbia has released an update on the ongoing engineering and technical work for the Lawyers Gold-Silver Project. The flagship project is located within a road accessible region of the well-known Golden Horseshoe area of north-central British Columbia. The development work will be used to support a feasibility-level design strategy for the property.

Altiplano Metals Inc has announced that the Exploitation Permit Application for the Maria Luisa historical gold-copper mine has been approved by the Chilean mining authority Servicio Nacional de Geologia y Mineria. The Maria Luisa project is located within the Atacama Region 100 kilometres (km) north of La Serena in Incahuasi, Chile. The mining company said the approval provides the authorization to begin underground exploration and development work at Maria Luisa. With the approval in place, it plans to establish an underground decline system designed to reach gold-copper mineralized veins through multiple access points on multiple levels. The initial decline system will enter at the southwest corner of the property and advance in a southeast direction for approximately 350 metres (m) to intersect the mineralized zone beneath the historical workings. With the approval process for the Maria Luisa gold-copper project completed, Altiplano said it can now focus on the development phase of the mine.

Spyder Cannabis Inc told investors that it has consolidated its capital on a one-new-for-five-old basis following a special resolution passed by shareholders on July 12, 2021. Effective at the market opening on Friday, September 17, 2021, it said its common shares will commence trading on the TSX Venture Exchange on a consolidated basis. Spyder Cannabis is classified as an all other miscellaneous store retailer company. The name of the company has not been changed and its trading symbol remains SPDR.

Mountain Valley MD Holdings Inc (CSE:MVMD, OTCQX:MVMDF) has announced an immediate voluntary retraction of the data contained in its news release dated December 10, 2020 with respect to its Ivectosol pre-clinical canine trial data, which was also referenced in a subsequent news release dated January 14, 2021. The company has discovered errors in the results disclosed in both news releases that were based on an erroneous analysis as well as the incorrect use of comparator data that should not have been applied to the pharmacokinetic analysis. The company has immediately implemented corrective internal processes and has initiated steps to re-run the trial and will provide an update regarding the Ivectosol data package with the appropriate analyses as soon as possible. Based on current information, the company remains confident in the key benefits of its patented solubility technology in its Ivectosol product, including improved pharmacokinetic parameters compared to standard ivermectin.The company is continuing with the previously disclosed business direction for its Ivectosol applications and related research and development activities in the areas of animal and human health, including husbandry, oncology, and other disease areas, with no material change anticipated as a result of the retraction.

Falcon Gold Corp (TSX-V:FG, OTC:FGLDF) has received conditional approval from TSX Venture Exchange to proceed with the Warrant Incentive Program, which commenced on September 16 and will terminate October 18, 2021.Under the proposed Incentive, if the placement warrants are exercised prior to 4pm.(Vancouver Time) on the 30th day after TSX Venture approval, the placement warrant holders would receive one additional (incentive) warrant in consideration of the early exercise of each placement warrant. Each incentive warrant will be exercisable to acquire one common share of the company at a price of $0.18 per share for a period of one year from the date of issuance. The company believes this will give existing placement warrant holders the right incentive to exercise their existing warrants. The incentive warrant will be subject to a hold period of four months plus one day after the date of distribution.

Hillcrest Energy Technologies (CSE:HEAT, OTCQB:HLRTF) a clean tech innovation and e-mobility development company, has released the results of voting at its Annual General Meeting held on September 16, 2021. According to the statement, shareholders “overwhelmingly” voted in favor of all items put forward by the Board of Directors and Management. The meeting, also saw the election of David Farrell to the board, while David Stone did not stand for re-election. The Hillcrest Board is now comprised of Michael Krzus (Chair), Don Currie (CEO), Tom Milne (Independent), Robert Lambert (Independent), Kylie Dickson (Independent), and David Farrell (Independent). Shareholder also voted in favor of: Receiving and considering the comparative financial statements of the company for the financial year ended December 31, 2020; setting the number of Directors at six; electing directors for the ensuing year as noted above; appointing DeVisser Gray LLP, Chartered Professional Accountants as auditor of the company; approving the adoption of the company’s stock option plan and approving the adoption of the company’s restricted share unit plan.

Delta 9 Cannabis Inc announced that it has completed its final services milestone under an agreement with Alberta-based cultivation and processing partner, Element GP Inc. Element is an arm’s length third party in which the company has no ownership control or interest. As one of its cultivation and processing partners, the company said it entered into a strategic cooperation agreement (SCA) with Element to provide services relating to the cannabis production, development of standard operating procedures, sanitation programs, consulting on Health Canada licensing, marketing services to develop the Element brand and other services supporting the acquisition of the Health Canada license. On September 3, 2021, Element confirmed it had reached its final milestone under the SCA and has been granted its cannabis standard cultivation and standard processing licenses from Health Canada.

Valeo Pharma Inc, a Canadian pharmaceutical company, will report its financial results and highlights for the third quarter ended July 31, 2021 on September 22, 2021 after market close. Valeo will host a conference call to discuss those results and highlights on Thursday September 23, 2021 at 8.30 am ET. The telephone numbers to access the conference call are 1-888-664-6392 and 416-764-8659. An audio replay of the call will be available. The numbers to access the audio replay are 1-888-390-0541 and 416-764-8677 using the following access code (326073#). A live audio webcast of the conference call will be available here.

Cardiol Therapeutics (TSX:CRDL, NASDAQ:CRDL) Inc announced it will present at the 2021 Cantor Virtual Global Healthcare Conference on September 28, at 8:40 am ET. A live audio webcast will be available on the "Events & Presentations" section of Cardiol's website. A replay of the presentation will be available for approximately 90 days.

Golden Minerals told investors it has kicked off a reverse circulation (RC) drill program at its Rodeo gold-silver open pit mine in Mexico in a bid to expand the high-grade resource there. The company also reported assay results from a further 20 holes (for 1,253 meters (m), from the ongoing diamond drill program at the project, which is looking for continued gold-silver mineralization to the north of the area currently being mined. The RC program comprises 35 holes, for around 2,500m, and will also drill several exploration targets adjacent to the open pit. "The diamond drilling continues to intersect gold-rich zones adjacent to and north of the current pit," said Warren Rehn, CEO of Golden Minerals. "The mineralized parallel structures east and west of the pit will be tested further with the reverse circulation drilling. We expect to complete the drill program in September and should have all results in hand early in Q4." Rehn said he expected that the mineral inventory increases to be incorporated into the mine plan later this year.

LexaGene Holdings Inc, a molecular diagnostics company developing fully automated rapid pathogen detection systems, said it has entered into a Cooperative Research and Development Agreement (CRADA) with the U.S. Army’s Combat Capabilities Development Command (DEVCOM). The newly signed CRADA aims to foster innovative biothreat defense capabilities which fall in line with DEVCOM’s current technology priorities. LexaGene plans to work with the US Army to demonstrate the capabilities of the diagnostic company’s MiQLab, its flagship pathogen detection system.

Endexx Corporation said it has presented a corporate update to an Endexx Shareholder Ambassador group on Facebook. The producer and manufacturer of hemp-derived CBD wellness products said it is testing its new shareholder communication platform, EDXC LIVE, by hosting live events and company updates with the goal of engaging with its shareholders on a more frequent and personal basis. “Embracing technology and integrating new tools to better communicate with our stakeholders who are seeking to engage more with their investment has been a major initiative over the last fiscal year,” CEO Todd Davis said in a statement. “In Endexx’s new website to be launched shortly, we have integrated all the necessary components to create a new level of transparency in corporate communications by harnessing the latest in technology advancements,” he added. View the video here.

Plurilock Security Inc, an identity-centric cybersecurity solution provider, revealed that it has received a US$394,000 order from the California State Teachers' Retirement System (CalSTRS). The Victoria, British Columbia-based technology company said that all contracts and orders announced by Plurilock since April 2021, including the latest order, represent a combined sales total of roughly US$11.09 million. The order comes as part of a new contract between Plurilock and CalSTRS. The contract was secured as a result of the parties' long-standing business relationship and the company's “track record for quality customer service and a variety of IT support offerings,” said Plurilock. According to the purchase order, Plurilock will provide CalSTRS with a renewal of their project and portfolio management software.

Snowline Gold Corp has told investors that core cutting for drill core sampling in the Jupiter zone at its Einarson project in Yukon revealed two instances of visible gold, the first visible gold observed in the zone. The sampling in Hole J-21-020 is Snowline’s second discovery of visible gold in drill core on a previously untested target in two weeks. The gold exploration company said additional visible gold has been observed in drill holes V-21-003 and 004 at its Rogue project, complementing previously observed trace visible gold mineralization in V-21-001 and 002. At Ursa, an extensive aerial versatile time-domain electromagnetic (VTEM) survey has been completed across 439 kilometres, covering most of the claim block at 200 metres (m) line spacings in preparation for possible drilling.

Esports Entertainment Group In has struck a partnership with an organization representing retired NFL players to become its official esports partner and tournament platform provider. The agreement with the Pro Football Retired Players Association (PFRPA) will widen the reach of the association’s Gridiron Gaming initiative through a program focused on increasing the retired players’ presence in esports. The program will include learning opportunities, live-streamed content and virtual and in-person tournaments.

ESE Entertainment said the TSX Venture Exchange has accepted the filing documentation pertaining to a share purchase agreement dated August 13, 2021, between the esports company, Niall Maher, Rob King and Sean McGinley, whereby the company acquired all of the issued and outstanding shares of Auto Simulation Ltd, a company doing business as Digital Motorsports. Under the terms of the agreement, the company acquired all of the shares of Digital Motorsports by: making a cash payment of C$1,681,250 on closing; investing $250,000 euros in Digital Motorsports for continuing operations and working capital; issuing 941,500 shares on closing; and if all revenue-based milestones are met during the earnout period, issuing up to a further 8,473,500 shares over a 3.5-year period. All shares issued under the agreement have a deemed price of $1.25 per share, for an aggregate deemed value of C$11,768,750.

SpotLite360 IOT Solutions Inc said it has signed a one-year agreement with Denver, Colorado-based Sewald Hanfling LLC to create and execute business development strategies for the commercialization of SpotLite360’s software as a service (SaaS)-based supply chain solution in the healthcare, pharmaceutical, and cannabis space. With its extensive base of private sector clients throughout Colorado and elsewhere in the US, the company said it believes that Sewald Hanfling will be a strategic channel partner for Spotlite360 to drive pipeline growth and revenue opportunities.

TraceSafe Inc has achieved the International Organization for Standardization (ISO) 27001 certification for the production, development, design, sales, and support of Internet of Things (IoT)-based solutions, including hardware, cloud, and mobile applications. TraceSafe noted that companies that obtain the ISO 27001 standard have higher expectations for data protection, which is why it is what many Fortune 500 companies require of their software providers. Thanks to the ISO 27001 certification, the company said that these customers are now within reach, allowing it to play in a much larger and more lucrative market.

Goldseek Resources Inc, a diversified metals developer, said it identified four gold zones using 3D modeling of gold mineralization drilled to date at the Beschefer project in Quebec. Beschefer is located roughly 30 kilometers southwest of Wallbridge Mining’s Fenelon Gold project, a precious metals property with the potential to host a multi-million-ounce gold deposit. Earlier this year, Goldseek entered into an option agreement on the Beschefer project, allowing the explorer to earn 100% of the project over 4-years from Wallbridge.

Nabis Holdings Inc announced that it will hold a meeting with the registered holders of the $23 million principal amount of 5.3% promissory notes (due January 25, 2023) on Monday, September 27, 2021 at 8:00am ET. The company also announced that it has filed and mailed its management information circular (and related meeting and proxy materials for the Noteholder Meeting today.

Thunderbird Entertainment Group Inc (TSX-V:TBRD, OTCQX:THBRF) announced that production has started on Gut Job, an HGTV Canada series helmed by the company’s Great Pacific Media division. Principal photography has started on the series in Toronto. The new series will be hosted by popular Canadian contractor Sebastian Clovis.

Phunware Inc (NASDAQ:PHUN) has secured a new Multiscreen-as-a-Service (MaaS) contract that will give Dignity (LSE:DTY) Health, Yavapai Regional Medical Center (YRMC) in Prescott, Arizona a new digital front door application portfolio for mobile. Incorporated in 1942, YRMC is the region’s leading not-for-profit healthcare system, with two acute care hospitals, a network of primary and specialty care clinics, outpatient health and wellness centers, cardiac diagnostic centers, and outpatient medical imaging centers. Together, YRMC’s network of services provides medical care and wellness resources to a geographic area encompassing 5,500 square miles and covering the communities of Prescott, Prescott Valley, Chino Valley, Dewey, Humboldt, Mayer, Paulden, Bagdad, Yarnell, Kirkland, Skull Valley, and Crown King.

Marble Financial Inc reported that its subsidiary, the financial data provider Inverite Verification Inc, has struck a license deal with CreditBook to bolster its offering to its customers concerning subprime consumers. CreditBook is Canada's largest alternative database of Canadian non-registered loans and its addition into Inverite will further improve the latter's value proposition by empowering its lending partners to have more access to people’s creditworthiness.

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK