Nextech AR Solutions Corp revealed its next iteration as a full Metaverse company. The Vancouver-based augmented reality firm said in a statement that it is rebranding as “Nextech AR Solutions, a Metaverse company,” and all of its AR products will henceforth use the “Aritize” naming convention. Nextech told investors that the rebranding is to better align itself with major companies like Facebook (Meta), Epic Games, Microsoft, and Unity, that have all made significant moves into the rapidly growing Metaverse space.
CytoDyn Inc has announced that Health Canada has authorized the emergency use of leronlimab for the treatment of a patient with metastatic triple-negative breast cancer (mTNBC). The company also said it will be filing for expanded access use for mTNBC patients in the US shortly.
Mydecine Innovations Group ended its third quarter of 2021 with $1.6 million in cash as it continues to progress its lead drug candidate, MYCO-001, with the upcoming seamless Phase2/3 smoking cessation clinical trial. The Denver-based biotech company said it is preparing to supply its drug MYCO-001 for a Johns Hopkins University multi-side National Institute of Drug Abuse (NIDA)-funded smoking cessation study led by Matthews Johnson. It’s the first time that a federal drug research agency has funded a psilocybin smoking cessation study since the War on Drugs was declared in the 1970s.
Power REIT (NYSE-A:PW), the specialized real estate investment trust (REIT), reported a 229% increase in net income in its third quarter, as its property acquisitions continue to drive impressive growth. Net income for the three months to September 30 was around $1.6 million, compared to $506,000 in 3Q, 2020, on revenue of around $2.5 million, up 128% from $1.1 million seen in the year-ago period. The quarter saw the group make its largest acquisition to date, namely a 556,000 square feet (sq ft) controlled environment agriculture (CEA) facility in Michigan - the largest cannabis cultivation in the state and indeed, in all of the US.
Adastra Holdings (CSE:XTRX) Ltd. has arranged a private placement financing to raise gross proceeds of up to $2.5 million through the issuance of up to 2,631,578 units at $0.95 apiece. Each unit will comprise one common share and one transferrable common share purchase warrant. Each warrant will entitle the holder to acquire one common share at $1 each until 5 pm PT three years from the closing of the financing. All securities issued in connection with the financing are subject to a statutory hold period. The company intends to use the proceeds of the financing toward inventory and general working capital.
Kontrol Technologies Corp (OTCQB:KNRLF, NEO:KNR) said it has entered into an exclusive distribution agreement with Airmaster Corporation and Daikin Australia Pty Ltd to offer real-time monitoring and detection of airborne pathogens. Kontrol BioCloud technology samples the air continuously through a proprietary and patented process. When the device detects a virus, it sends a communication in the Cloud or over the local intranet, notifying workplace leaders in real-time. With this actionable information, employers can take the measures needed to mitigate virus outbreaks in the office. Under the terms of the agreement, Kontrol said Airmaster and Daikin will be provided with a three-year term and a one-year exclusive contract in the HVAC sector in Australia and New Zealand. Kontrol received an initial purchase of BioCloud units as part of the agreement.
Green Battery Minerals Inc. (TSX-V:GEM) has increased the size of its previously announced non-brokered private placement from $525,000 to more than $2 million. In early November, the company disclosed that it would issue up to 3.5 million flow-through units (FL Units) at $0.15 each for gross proceeds of $525,000. But due to increased demand, the company announced it has increased the number of FL Units up to 13.5 million for gross proceeds of up to $2,025,000.
Canada Silver Cobalt Works Inc said it had granted stock options to its directors and officers to purchase a total of 1.65 million common company shares. The stock options are exercisable for a term of three years at an exercise price of $0.22 per share. All stock options are granted in accordance with the terms of the company’s stock option plan and the policies of the TSX Venture Exchange and will be subject to a hold period of four months and one day from the date of grant.
NEO Battery Materials Ltd announced that it has signed a letter of intent (LOI) to form a research consortium with the University of Toronto and an undisclosed global Original Equipment Manufacturer (OEM) for the development and scale-up of lithium-ion battery material technologies for Canada's emerging battery electric vehicle (BEV) industry. Under the LOI, a joint Natural Sciences and Engineering Research Council of Canada (NSERC) Alliance Grant Proposal will be developed as a foundation research project to support the creation of the ‘NEO Centre of Excellence for Battery Materials’ at the University of Toronto. With NEO's Scientific Advisors, Mohini Sain and Ning Yan, one of the initial and urgent focuses of this research consortium will be on developing and optimizing battery nanocoating materials for the company's silicon (Si)-based negative electrodes or anodes.
Water Tower Research analysts published an update on Gevo Inc (NASDAQ:GEVO) following the company’s third-quarter 2021 financial results, which were released on November 10. The analysts noted the next generation ‘low-carbon’ fuel company “has been actively forming new alliances with the intent to further grow and expand the current production process.”
AIM ImmunoTech Inc (NYSE:AIM) closed its third quarter with a $53.7 million balance sheet as the company advances Ampligen as a therapy for locally advanced or metastatic late-stage pancreatic cancer. “We are proud of the progress made through the third quarter,” said CEO Thomas Equels in a statement. “We continue to advance multiple clinical trials towards major inflection points that we believe will provide significant benefits for patients and drive shareholder value.” As for Ampligen, Equels said the company strongly believes in the drug’s "tremendous market potential” for several indications.
Ayurcann Holdings Corp said it has received its first purchase order from Cannabis New Brunswick (NB). Launching in a third Canadian province, the Pickering, Ontario-based company said that the initial purchase order is for three Fuego branded vapes; Fuego Pink Kush, Fuego Cherry Blossom OG, and the Fuego Wedding Crusher. “We are excited that consumers in NB will finally be able to enjoy our premium quality vape products,” said Igal Sudman, CEO of Ayurcann in a statement. “There is a market demand for high-quality cannabis-derived products, and we are confident that the Fuego vape products will meet this consumer need.”
CytoDyn Inc, a late-stage biotechnology company developing its flagship drug leronlimab for multiple indications, revealed that it has initiated the resubmission of its Biologics License Application (BLA) for HIV (human immunodeficiency virus) under rolling review consistent with guidance from the US Food and Drug Administration (FDA). In a statement, CytoDyn CEO Nader Pourhassan said: “We are pleased to begin the HIV BLA resubmission process with continued guidance from the FDA. Due to the work of our management and regulatory advisory team, we believe the application’s issues have been successfully addressed, allowing us to advance the process.” He added: “The resubmission will include non-clinical and chemistry, manufacturing, and controls (CMC) sections during November, followed by submission of the clinical section in Q1 of 2022. Meanwhile, we are very excited that patients who participated in the CD02, pivotal, Phase 3 trial, who needed to continue with leronlimab, are now reaching, in some cases, 4 years with suppressed viral load in an extension arm of our CD02 trial.”
Todos Medical Ltd announced that its CLIA/CAP laboratory Provista Diagnostics has entered into a new reference lab agreement with an Atlanta-based CLIA laboratory to provide coronavirus (COVID-19) testing services with fast turnaround times. Testing will include COVID PCR, cPass Neutralizing Antibody and Respiratory Pathogen Panel (RPP) testing with local sample collection expected to yield less than 12-hour turnaround times, the company said. Todos added that it expects to initially add 2,000 COVID PCR tests monthly, and increase the overall production on a monthly basis. Todos Medical Ltd announced that its CLIA/CAP laboratory Provista Diagnostics has entered into a new reference lab agreement with an Atlanta-based CLIA laboratory to provide coronavirus (COVID-19) testing services with fast turnaround times. Separately, Todos reported revenue of $1.01 million during its third quarter as it prepares to transition towards higher-margin COVID-19 testing.
BioLargo Inc said it saw a jump in consolidated revenue during its third quarter. For the three months ended September 30, 2021, the company said it generated $712,000, a 7% year-over-year increase. BioLargo said revenue for its engineering division increased by 73% year-over-year and 92% month-over-month. In addition, the company noted that its net loss during the quarter was reduced to $1.3 million, down from $2.1 million in the year-ago period.
HealthLynked (OTCQB:HLYK) Corp has announced third-quarter 2021 revenue of $4.0 million, a 98% year-over-year increase, as patient appointments rose 24%. The company also said its Health Services division’s foundational patient services revenue increased 32% in 3Q, compared to a 10% decrease during the same period last year.
Maverix Metals Inc (TSX:MMX) has increased its guidance to around 31,000 attributable gold equivalent ounces (GEOs) sold for full year 2021 from a range of 27,000 to 30,000 previously, as the royalty and streaming firm posted its third-quarter results. For the three months ended September 30, 2021, the company posted royalty revenue of US$7.9 million, down from US$8.6 million in 3Q, 2020. The company said 7.6 million GEOs were sold in the quarter at an average realized gold price of US$1,780 (3Q, 2020: 7.7 million GEOs at an average realized price of US$7,797). Adjusted net income was US$4.7 million, down from US$5.3 million in the same quarter a year earlier. Cash flow from operating activities was US$9.2 million, down from C$13.7 million in the same period in 2020.
Codebase Ventures Inc noted the progress made by blockchain ecosystem Arcology, in which Codebase is invested, which will benefit Ethereum developers. Codebase owns 30% of Arcology, with an option to increase that to 51%. The company reported that Laurent Zhang, the founder and president of Arcology, had updated on progress and quoted him as saying that "30% of the Arcology code has been re-written to cover some key functionalities of Ethereum Layer 2 (L2) scaling solutions".
CULT Food Sciences Corp said that it has officially launched the CULT Prize with a goal to accelerate the future of food worldwide. The Vancouver, British Columbia-based company said that the CULT Prize is a C$1,000,000, two-year global competition aimed at incentivizing innovative and collaborative research programs to advance the development of novel technologies in the lab-grown food ecosystem. The company said that the CULT Prize further reinforces its commitment to underwriting more sustainable, environmental, and ethical solutions to the global factory farming and aquaculture crises.
BioSig Technologies Inc said it has entered into a feasibility study with Haifa, Israel-based Technion Research & Development Foundation Ltd. The Westport, Connecticut-based company said that the feasibility program will be led by Joachim Behar, Head of the Artificial Intelligence in Medicine Laboratory (AIMLab) at Technion. Under the terms of the program, the ECG signals supplied by the PURE EP System, the company’s signal processing technology for arrhythmia care, will be analyzed in the context of developing AI-powered algorithms for atrial fibrillation ablation procedures. “Artificial Intelligence is promptly becoming an essential tool for increasing efficiency and driving value in many sectors of healthcare, but predictive insights that form the foundation for machine learning solutions are dependant on the high-quality input data,” said Kenneth L. Londoner, CEO of BioSig in a statement.
Evergold Corp (TSX-V:EVER, OTC:EVGUF) has reported by far the highest grades of gold, silver, zinc, and lead ever achieved in drilling at the GL1 Main target on its Golden Lion property in northern British Columbia. The company said assay results for drill section 23-24-25, encompassing the final three holes of the program, definitively establish that the GL1 Main Zone carries high grades of gold, silver, and base metals within a broader envelope of moderate grade mineralization. That also includes intercepts commencing just below surface and extending to at least 190 meters (m) down-dip to the northeast, the deepest drilled to date.
Gevo Inc (NASDAQ:GEVO) said it has signed a memorandum of understanding (MoU) with Sweetwater Energy Inc, regarding the use of sustainably sourced agricultural residues and woody biomass as a feedstock for producing cellulosic alcohols and energy-dense renewable liquid hydrocarbons. As outlined in the MoU, Sweetwater plans to build, own and operate a facility adjacent to Gevo’s existing plant in Luverne, Minnesota to produce high-value, plant-based products from cellulose and lignin, while supplying Gevo with up to 30,000 tons of biomass-derived cellulosic sugars annually, with opportunities for expansion. The new Sweetwater facility will channel Sunburst technology for deconstructing lignocellulosic biomass. Sweetwater’s anticipated plant-based product portfolio, derived from cellulose and lignin, is aimed at applications in packaging and resins to increase performance, while displacing petroleum-based products.
Contakt World (CSE:HELP) Technologies Corp has provided a summary of the company's recent achievements, current operations, and strategic initiatives as it looks to strengthen its product portfolio. The company said it has ambitious plans to advance its business following its recent acquisition of Stratum Health Solutions LLC, the operator of HealthCheck by Stratum and execution of a reseller's agreement with Portum System LLC for the US, Canada, and Brazil markets. In a statement, Zayn Kalyan, chief executive officer of Contakt World (CSE:HELP). said: "By leveraging the Company's expanding team of independent sales representatives and continuing the development of our Health Check platform to meet the needs of vaccine passport and COVID-19 test tracking mandates, we believe our team will serve as a strong platform to develop and acquire additional SaaS solutions, ultimately strengthening our product portfolio."
Kontrol Technologies Corp (OTCQB:KNRLF, NEO:KNR) has announced record revenue of $21.5 million during its third quarter, boosted by its acquisition of Global HVAC & Automation Inc that closed in August 2021. The firm’s revenue was up 614% year-over-year, which the company attributed to growth across its business verticals and more overall business activity during a period of reduced government-imposed site access restrictions. Kontrol also posted record net income of $2.1 million over the three-month period to end September 2021 – its second consecutive quarter of positive net income.
CytoDyn Inc, a late-stage biotechnology company developing leronlimab, today urged stockholders to register 24 hours prior to the annual meeting in order to participate. The upcoming 2021 annual meeting of stockholders, as previously announced, was adjourned to November 24, this year at 8am PT. The annual meeting can be accessed virtually by registering to attend at www.cesonlineservices.com/cydy21_vm Requests to register to participate in the meeting remotely must be received no later than 8am PT on November 23, 2021. Stockholders who pre-registered for the original meeting date, October 28, do not need to register again. Stockholders can vote by completing, signing and dating the BLUE proxy card and promptly mailing it in the postage pre-paid envelope provided along with the Definitive Proxy Statement, or by following the instructions on their proxy card to vote via the Internet or by telephone, the company said in a statement. Returning a proxy card will not prevent stockholders from voting at the annual meeting but will ensure that their vote is counted if they are unable to attend. The record date for the adjourned annual meeting remains the close of business on September 1, 2021. Stockholders who have already voted do not need to recast their votes unless they wish to change their votes. Proxies previously submitted will be voted at the reconvened meeting unless properly revoked. Stockholders who have not already voted or wish to change their vote are encouraged to do so promptly using the instructions provided in their voting instruction form or proxy card.
Rio2 Limited (TSX-V:RIO, OTCQX:RIOFF) said it has entered into a definitive precious metals purchase agreement with Wheaton Precious Metals International Ltd., a wholly-owned subsidiary of Wheaton Precious Metals Corp (LSE:WPM, TSX:WPM, NYSE:WPM)., in relation to the company’s Fenix Gold Project in Chile. The Gold Stream agreement is one of the components of the mine construction financing totaling approximately US$125 million to US$135 million to finance the construction of a mine at the 100%-owned Fenix Gold Project. The signing of the Gold Stream agreement follows the successful completion in August 2021 of the company’s C$35.1 million equity offering and positions the company to finalize the previously announced US$50 to US$60 million senior debt project finance facility with BNP Paribas mandated as sole lead arranger. In a statement, Jose Luis Martinez, EVP, chief strategy officer at Rio2 said: “Entering into this definitive agreement with Wheaton International represents a significant milestone for Rio2 and secures the foundation of the Mine Financing Package setting the Company on a solid path for development and a fast track to production.”
Kidoz Inc saw its 3Q revenue increase to US$2.8 million on a strong performance from its Ad Tech business. Revenue rose 47% from the comparable quarter last year's $1.9 million and 29% above the $2.2 million it delivered in 2Q 2021. Kidoz develops and owns the KIDOZ Contextual Ad Network and the Kidoz Published SDK.
Esports Entertainment Group Inc said revenue in the first quarter of its fiscal year 2021 nearly doubled year-over-year. The company also reaffirmed its FY22 revenue guidance of $100 million, or 490% growth, driven primarily by the platform-building and strategic diversification acquisitions completed in the calendar year 2021. For its 1Q ended September 30, 2021, Esports said it generated revenue of $16.4 million, up $16.2 million year-over-year and an 86% increase compared to $8.8 million in the 4Q of 2021.
Biocept Inc (NASDAQ:BIOC), the diagnostics-focused group, swung to a profit in its third quarter, recovering from the loss it reported in the corresponding period last year, thanks to a 165% increase in revenue on the back of increased RT-PCR COVID-19 testing. For the three months to September 30, the company posted net income of $427,000 compared to a loss of $4.9 million in 3Q, 2020. Revenue came in at $17.5 million, up from $6.6 million in the third quarter of 2020. That revenue figure included $16.5 million from COVID-19 testing, $826,000 in oncology test revenue, $34,000 in development services test revenue, and $71,000 in revenue for distributed products. CEO Michael Nall said the biotech firm had received over 660,000 samples for testing since June this year.
PyroGenesis Canada Inc, the high-tech materials group, told investors it was well-positioned for future growth, particularly with its offerings to help reduce greenhouse gases, as it unveiled further revenue growth in its third quarter. In the three months to September 30, the company reported revenue of $9,317,926 - up 14% from the $8,149,427 seen in 3Q, 2O20, and which included revenue of $3,712,000 from its recent acquisition of Pyro Green-Gas, formerly known as AirScience Technologies Inc. The net income and comprehensive income came in at $623,664, down from $15,325,996 in the prior-year quarter, mainly due to a number of factors, including increased R&D expenses, changes in fair market value adjustment of strategic investments and financial expenses, and an increase in the cost of sales and services.
NorthWest Copper (TSX-V:NWST) Corp has announced that drilling at its Kwanika deposit in British Columbia has encountered “multiple intersections of high-grade copper-gold porphyry mineralization,” which included 100.50 metres (m) of 1.9% copper equivalent and 71.90m of 2.6% copper equivalent. The company said all five holes have intercepts of greater than 1% copper equivalent mineralization and “contain meaningful gold grades,” reinforcing the high-grade nature and continuity of the deposit. “The discovery of a new very high-grade style of mineralization in hole K-21-217 was really exciting for Kwanika exploration,” NorthWest Copper (TSX-V:NWST) (NorthWest Copper (TSX-V:NWST)) CEO Peter Bell said in a statement.
BetterLife Pharma Inc (CSE:BETR, OTCQB:BETRF) said it has obtained the first set of behavioral animal pharmacology data for its lead compound, 2-bromo-LSD (TD-0148A), in collaboration with the University of California San Diego (UCSD) laboratory, led by Dr Adam L. Halberstadt. The Vancouver, British Columbia-based company said that TD-0148A is a second-generation Lysergic Acid Diethylamide (LSD) derivative molecule that it believes “will mimic the therapeutic potential of LSD without causing psychedelic effects, such as hallucinations.” The data from Dr Halberstadt’s studies confirm that TD-0148A does not induce head-twitch-response (HTR) in mice even at very high doses (up to 10 mg/kg), whereas LSD induces a robust HTR at much lower doses (0.05-0.1 mg/kg). The head-twitch-response assay in mice is commonly used to evaluate a compound’s hallucinogenic potential in humans.
i-80 Gold Corp. has announced positive results from its ongoing surface drill program, including step-out drilling at depth, at the company’s Granite Creek property in Humboldt County, Nevada. High-grade results from the surface drill program, targeting the expansion of mineralization at depth below the mine workings at Granite Creek, suggest significant expansion potential, the company said. To date, fourteen holes have been completed and the assays received for the first four holes show impressive gold grades and widths of mineralization, i-80 Gold added. “The expansion program at Granite Creek is demonstrating the significant upside opportunity and confirm the potential to materially increase high-grade resources," said Tyler Hill, senior geologist at i-80 in a statement. “The fault structures are becoming more competent at depth suggesting the potential for increased widths, improved ground conditions and mineability, and enhanced continuity within the gold-bearing structures. Visually, every hole of the step-out program has intersected strong alteration and faulting,” he added.
Ketamine One (NEO:MEDI.AQN) Capital Limited (LSE:CAPD) said its wholly-owned subsidiary, IRP Health Ltd recently opened two veteran-focused and multidisciplinary clinics in Comox Valley and Ottawa. To date, the company said IRP has successfully performed over 10,000 unique treatments for past or present personnel of the Canadian Armed Forces and the Royal Canadian Mounted Police (RCMP), as well as first responders including firefighters, law enforcement officers, paramedics and emergency medical technicians. Additionally, the company said the previously announced open-label study of patients with post-traumatic stress disorder (PTSD Study) who are undergoing IRP’s proprietary, 12-week physical therapy program, in affiliation with Ketamine One (NEO:MEDI.AQN)’s wholly-owned contract research organization KGK Science Inc, recently received ethics approval.
Organic Garage (TSX-V:OG) Ltd. has announced that its plant-based food company, Future of Cheese Inc continues to report increasing demand for its initial product, the plant-based 'Future of Butter'. The company noted that its distributor has stated that the orders from existing and new retailers, as well as interested restaurant and foodservice partners, will account for 100% of all product Future of Cheese will produce going into the new year. “The incredible response and rapid adoption by retailers seeking to secure orders of the first SKU from Future of Cheese in such a short period of time has been exceptional and is a testament to the product and the world-class team behind it. We are doing an excellent job of matching production to retailer demand and ensuring that we are selling out of each batch produced, thus not over-producing and leading to unnecessary waste,” said Matt Lurie, president and CEO of Organic Garage (TSX-V:OG) in a statement.
Logiq Inc. (NEO:LGIQ.AQN, OTCQX:LGIQ), a provider of e-commerce and fintech business enablement solutions, posted third-quarter results that saw its revenue jump 11% year-over-year on the back of strong contributions from its DataLogic and AppLogic businesses. For the period ended September 30, 2021, the New York-based company reported revenue of $7.8 million, compared to $7 million for the same quarter a year earlier. “The increase from the year-ago period demonstrated continued positive trends based on key strategic decisions made by management,” said the company. The AppLogiq business, Logiq’s platform-as-a-service, branded as CreateApp, contributed $2.8 million or 36% of consolidated revenue in 3Q 2021, compared to $3.2 million in revenue in the same period in 2020. The company explained that the decrease was due to “the strategic shift to target high-margin end customers compared to low margin high volume white label resellers.”
Revive Therapeutics Ltd (CSE:RVV, OTCQB:RVVTF) has announced a research study showing that potent thiol drugs, such as Bucillamine, inhibit SARS-CoV-2 infection in vitro — especially the Delta variant. The drug also reduces SARS-CoV-2-related lung injury in vivo and provides a strong rationale for trials of systemically delivered thiol drugs as coronavirus (COVID-19) treatments. The study titled — ‘Thiol drugs decrease SARS-CoV-2 lung injury in vivo and disrupt SARS-CoV-2 spike complex binding to ACE2 in vitro’ — from the University of California, San Francisco (UCSF), also showed promising antiviral effects, the company said in a statement. “We are excited to see another published paper supporting potent thiol drugs, like Bucillamine, for COVID-19, including the Delta variant, as we continue in our Phase 3 clinical study with Bucillamine to treat mild-to-moderate COVID-19. We are also gathering new scientific evidence to support Bucillamine’s potential for severe COVID-19,” said Michael Frank, CEO of Revive Therapeutics.
Plurilock Security Inc said that its wholly-owned subsidiary, Aurora Systems Consulting Inc has received a US$297,000 order from the US Air Force as part of the National Aeronautics and Space Administration's (NASA) Solution for Enterprise-Wide Procurement (SEWP) program, a US Government-Wide Acquisition Contract Vehicle (GWAC). The order is part of the SEWP V program and aligns with Plurilock's stated goal of expanding within the government and defense verticals. All contracts and orders announced by Plurilock and its subsidiaries since April 2021, including the latest order, represent a combined total of roughly US$13.05 million in sales. With only 16% of surveyed executives stating that their organizations are well prepared to defend against a cyberattack, the company noted that it is critical for organizations, particularly those focused on critical infrastructure and defense, to work with skilled cybersecurity and IT support vendors on strengthening their security posture.
Royal Wins Corporation (CSE:SKLL) has announced the relaunch of its pure-skill gaming platform Kash Karnival on Google Play in the US, allowing it to broaden its audience base in its new key market. The platform will now be available on the two primary application distribution platforms in the world’s biggest economy, covering the bulk of 155.9 million mobile game users, said Toronto, Ontario-based Royal Wins in a statement. "The US is an extremely important target audience for the company - the country ranks top of the list in rewarded Effective Costs Per Thousand Impressions (eCPM) metrics for both App Store and Google Play and represents a major metric by which we measure growth potential and realization,” said Peter Gan, president and CEO of the company.
Predictiv AI Inc (TSX-V:PAI) said it has terminated its SMRT Labs Inc joint venture by transferring the company’s 51% interest to its partner Commersive Solutions Inc. The company noted that SMRT Labs, which was tasked to bring Predictiv AI’s ThermalPass fever detection system offering to market, was unable to meet its sale targets as a result of changing regulations and the market landscape for coronavirus (COVID-19) driven solutions despite early sales traction.
Wishpond Technologies Ltd has said that its PersistIQ business, acquired by the company earlier this year, is on track and performing better than expected. PersistIQ is now integrated into Wishpond's operations and achieving significant growth thanks to the scaling of its sales team and introduction of new product enhancements and service packages. In a statement, Ali Tajskandar, chairman and CEO of Wishpond commented: "We are very pleased with our acquisition of PersistIQ. It has broadened our portfolio of products and services for small to medium-sized businesses and offers tremendous cross-selling opportunities into our existing customer base. PersistIQ is a key component of our accelerated growth strategy."
Talon Metals Corp, which is earning into the high-grade Tamarack nickel-copper-cobalt project in Minnesota, has hailed the latest action by President Joe Biden and Congress concerning the US battery supply chain. The bipartisan 'Infrastructure Investment and Jobs Act' was signed into law on Monday, November 15, 2021, and contained significant funding support for electric vehicle (EV) adoption, EV battery charging infrastructure and over US$6 billion for developing battery materials processing capacity in the US, including nickel. "Members from both parties backed funding for critical minerals processing, which will allow the U.S. to leap-frog legacy processing approaches and deploy modern, lower carbon technology at large scale to ensure security of domestic supply in essential battery materials like nickel," noted Henri van Rooyen, Talon CEO, in a statement. In a separate statement, Talon posted its third-quarter results to-end September, showing that capitalized exploration costs and deferred expenditures on the Minnesota project came in at $14.2 million, versus$2.3 million for 3Q, 2020.
Recruiter.com Group In has posted third-quarter results showing a 43% revenue jump from the previous quarter as significant tailwinds in the bustling post-pandemic world created surging demand for recruiters in a “job hopper” economy. For the period ended September 30, 2021, the New York-based recruiting solutions platform, reported revenue of $6.3 million, compared to the second quarter of 2021. The company attributed the increase to a jump in the company's Recruiter on Demand business and the introduction of several new subscription-based products with higher gross margins. In fact, Recruiter.com’s gross margins improved 36.8% in 3Q to reflect the shift in the company's sales mix to higher growth, higher margin operations.
CLS Holdings (LSE:CLI) USA Inc said its wholly-owned subsidiaries in Nevada generated net revenue of $1.9 million and a gross margin of 46% during October. The Las Vegas-based company also said its revenue increased 8% year-over-year and 87% compared to 2019. CLS Holdings (LSE:CLI) USA said the wholesale division at its branded City Trees subsidiary continued a steady rise with net revenue growth of 34% year-over-year and 140% from 2019.
Midwest Energy Emissions Corp, also known as ME2C Environmental (OTCQB:MEEC) has reported third-quarter 2021 revenue of $5.0 million, a 78% year-over-year increase, driven primarily by higher sorbent product sales due to increased supply demands in the coal-fired market, as well as expansion of the company’s one customer base. ME2C also recorded 3Q adjusted EBITDA of about $562,000, up from $24,000 during the same period last year. “Our efforts over the last year to monetize our patented technologies began to materialize in the third quarter of 2021, as we achieved our highest revenue quarter in over three years,” ME2C CEO Richard MacPherson said in a statement.
FSD Pharma (CSE:HUGE, NASDAQ:HUGE) Inc said it has expanded its team by appointing Dr Eleanor N. Fish to its Research and Clinical Advisory Board. The Toronto-based company said that Fish would bring key expertise to support the continued development of FSD-PEA, the company’s proprietary anti-inflammatory agent, and Lucid-MS, its drug candidate for the treatment of multiple sclerosis. Dr Fish is an accomplished researcher in the areas of immunology and inflammatory disorders and a member of the Government of Canada’s Expert Scientific Panel to the chief scientific advisor. “I am delighted to welcome Dr Eleanor Fish to our team,” said Lakshmi P. Kotra, CEO of Lucid Psycheceuticals Inc., FSD Pharma (CSE:HUGE, NASDAQ:HUGE)’s wholly-owned subsidiary.
OTC Markets Group Inc has announced the launch of its upgraded Qaravan platform, which provides bank executives, regulators, and analysts with a seamless approach to peer monitoring and competitor benchmarking. The upgraded offering now includes bank holding company data to provide clarity around the financial performance of banking entities as well as OTC market data to expand coverage of public banks. This latest iteration of the platform includes a broader set of information on banking entities, offering more complete coverage across the sector - whether public or private, bank or bank holding company. In addition to bank Call Reports and UBPRs, Qaravan now offers commonly used bank Holding Company reports like Y-6s, Y-9s, and BHCPRs. This enhancement also features a refreshed user interface to make navigating features more intuitive. "Expanding the universe of analytics and market data available through Qaravan was a critical driver behind this new offering," said Matthew Fuchs, executive vice president of Market Data and Strategy at OTC Markets Group in a statement. "The addition of holding company and OTC market data for public banks rounds out Qaravan's product offering to provide a more comprehensive end-user experience."
BlueRush Inc said it has retained the services of Independent Trading Group (ITG), Inc. (ITG) to provide market-making (liquidity and stability) for the Company's listed shares on the TSX Venture Exchange. The fees incurred by BlueRush in consideration for the services provided by ITG consist of cash consideration of $5,000 per month, effective November 5, 2021, and each month thereafter during the initial three-month term. The term will renew for subsequent one-month terms, at $5,000 per month, unless either party provides 30 days' written notice prior to the end of a term. BlueRush and ITG act at arm's length, and ITG has no present interest, directly or indirectly, in BlueRush or its securities. The fee paid by BlueRush to ITG is for services only. The engagement of ITG by BlueRush is subject to approval of the Exchange. BlueRush also announced the resignation of Michael Beckerman as a director of the company. The company thanked Beckerman for all of his efforts and commitment to the company and wished him well in his future endeavors.
Plurilock Security Inc said it has closed a share offering pursuant to a prospectus supplement dated November 4, 2011, to the company's short-form base shelf prospectus dated May 31, 2021, which was accepted by the TSX Venture Exchange, and filed with the British Columbia Securities Commission and the Ontario Securities Commission on May 31, 2021, under the provisions of the relevant securities acts and Multilateral Instrument 11-202 in Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador. The TSX Venture Exchange has been advised that closing occurred on November 10, 2021, for gross proceeds of $4.6 million, including the exercise of the overallotment option.
Quaterra Resources Inc (TSX-V:QTA, OTCQB:QTRRF) said the TSX Venture Exchange has accepted for filing the company's proposal to issue 403,665 shares at a deemed price of 8.25 cents to settle outstanding debt for $33,302.42 with one creditor.
C3 Metals Inc said the TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on October 19, 2021, and October 21, 2021, which will see the issue of 101,582,178 common shares at a purchase price of 19 cents per common share with 72 placees.
Genprex Inc has announced that its president and chief executive officer, Rodney Varner, will be presenting in November with CEO Roadshow to provide a company overview of its novel gene therapies in cancer and diabetes to investors. The presentation will be on Wednesday, November 17, 2021, at 11.00am ET via the following webinar Link: https://bit.ly/3bCwvPU. The company added that Varner will be available for questions following the company presentation. The webinar will be recorded and available for replay on Genprex’s website for a period of time. A replay will also be available on CEORoadshow.com following the webinar.
Safe-T Group (NASDAQ:SFET) Ltd has announced that it will be presenting virtually at the upcoming Ladenburg Thalmann Virtual Technology Expo on Thursday, November 18, 2021, at 11.00am ET. Shachar Daniel, chief executive officer, will be giving the presentation on Track 3, Investors can register to watch the presentation here via the following link: https://ladenburg21.mysequire.com/. Investors can also request 1x1 meetings with Safe-T Group (NASDAQ:SFET) on the event website.
CO2 GRO Inc (TSX-V:GROW, OTCQB:BLONF) has announced that it will be presenting at Adelaide Capital's Virtual Ag Tech Conference on November 17, 2021, at 1.30pm ET, for which investors can register via the following link: https://us02web.zoom.us/webinar/register/WN_gtkvgys_QG6Z-MIUdxY7GQ. The webinar will also be live-streamed on YouTube for those who are unable to access Zoom via the following link: https://www.youtube.com/channel/UC7Jpt_DWjF1qSCzfKlpLMWw. A replay will be made available after the event on the company's website and on Adelaide Capital's YouTube channel. The keynote speaker is Steve Hansen, managing director, equity research analyst, Transportation, Chemicals and Fertilizers. In conjunction with the conference, Adelaide Capital is supporting JDRF, a non-profit organization that funds type 1 diabetes research.
OTC Markets Group Inc, the operator of financial markets for over 11,000 US and global securities, has announced that Dolly Varden Silver Corporation, a mineral exploration company, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTC Pink market. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent rading for their US investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the US. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. "Our international and US shareholders are an important part of the Dolly Varden growth strategy and we are grateful for their continued support" said Shawn Khunkhun, the Dolly Varden CEO and director. "We are pleased to provide our current and future investors expanded access to information and trading liquidity."