Vyant Bio (NASDAQ:VYNT) Inc CEO Jay Roberts told shareholders that after its merger the company is “well-positioned” to pursue the discovery of novel therapeutics to treat neurological diseases such as Rett Syndrome, CDKL5 Deficiency Disorders (CDD), and Parkinson’s Disease, a progressive nervous system (CNS) disorder that affects movement. The StemoniX and Cancer Genetics merger was completed in early 2021, and Vyant Bio (NASDAQ:VYNT) (Vyant Bio (NASDAQ:VYNT)) was created to use its human cell-based microBrain and computer modeling platform, AnalytiX, to identify compounds that target neurological disorders. In a letter to shareholders, Roberts said: “We are incorporating the use of quantitative biomarkers that we believe are unique to our Rett and CDD programs that should provide meaningful human-biology-derived, preclinical signals of potential drug efficacy before the commencement of clinical trials.”
Electra Battery Materials Corporation announced that it will receive C$250,000 from the Government of Canada to support its recently announced battery materials park study. The study, which was announced in late February 2021, sees a consortium including Glencore PLC (LSE:GLEN) and Talon Metals Corp collaborating on the potential to develop a nickel sulfate plant as well as a battery precursor cathode active materials (PCAM) plant adjacent to Electra's cobalt refinery and recycling plant. The Ontario government is also participating in the study. Project contributions from all parties total C$950,000 and will be completed in phases during the second and third quarter of 2022, Electra said in a statement.
CULT Food Science Corp, an investment platform which focuses on clean, lab-grown food, revealed that it has struck a binding Letter of Intent (LOI) with Cella Food Systems Inc, to accelerate its cell-based product development capabilities through Cella's patent portfolio, machine learning data and prototyping IP toolkits. The Vancouver-based company said it continues to build “defendable moats” around its leading cellular agriculture (CellAg) intellectual property, patent and investment platform through the commercial agreement. "CULT has long recognized that the goal is to build a CellAg ecosystem, not just a portfolio of investments...The company's trusted relationship as an investor and partner across many verticals allows it to bring to bear, where applicable, its own platform technologies to aid and augment its rapidly growing investees,” CULT President Lejjy Gafour said in a statement.
Cardiol Therapeutics (TSX:CRDL, NASDAQ:CRDL) Inc announced that it has received clearance from the US Food and Drug Administration and its counterparts in Brazil and Mexico to modify the inclusion criteria for its LANCER trial to potentially expedite patient enrollment. The modifications will allow the enrollment of vaccinated patients, among other things, to broaden the eligible population, according to Oakville, Ontario-based Cardiol. LANCER is designed to evaluate the efficacy and safety of Cardiol’s flagship drug CardiolRx as a cardiopulmonary protective therapy to reduce mortality and major cardiovascular events in patients hospitalized with COVID-19 who have a prior history of, or risk factors for, cardiovascular disease, and to investigate the impact of CardiolRx on symptom recovery and key biomarkers associated with inflammatory heart disease.
Vejii Holdings (CSE:VEJI, OTCQB:VEJIF) Ltd announced that its wholly-owned VEDGEco USA Inc subsidiary will be exhibiting at the Natural Products Expo West (Expo West) in Anaheim, California, which is being held from March 9 to 12, 2022. The company said it expects the event to increase exposure and boost the distribution network for its business-to-business (B2B) platform, which services an extensive network of independent restaurants and grocers.
Steppe Gold Ltd revealed it has now restarted heap leach processing to recover gold and silver at its ATO mine in Mongolia after it has received a shipment of key reagents. Last year, the miner had significant supply issues related to coronavirus (COVID 19) lockdowns and border closures, notably with China, but has now secured new supplies. As of March 1 this year, the firm has 2.45 million (m) tonnes of ore stacked on the leach and run-of-mine (ROM) pads, with 795,461 tonnes at 1.90 grams per ton (g/t) gold on the leach pad, while a further 451,580 tonnes at 1.15 g/t of the yellow metal is on the run-of-mine (ROM) pad.
Cloud DX (TSX-V:CDX, OTCQB:CDXFF) Inc updated shareholders on its partnerships, new contracts, and contract renewals in 2022. In a statement, the company noted that it recently signed partnerships with Medtronic Canada, Prizm Media, and Maxwell Telecare and has provided opportunities to accelerate deployments of its chronic care management and post-surgical patient monitoring programs in North America. As of March 1, 2022, Cloud DX (TSX-V:CDX, OTCQB:CDXFF) said it has booked C$1.2 million in new business, notably including its first Medtronic partner contract for Chronic Obstructive Pulmonary Disease (COPD) therapy support at St. Mary's General Hospital in Ontario.
HighGold (TSX-V:HIGH, OTCQX:HGGOF) Mining Inc has reported the final results from its 2021 drilling program at the Johnson Tract (JT) project in Alaska that defined a broad zinc halo around the deposit. Collectively, the drilling has defined a broad zinc-rich halo to the Johnson Tract deposit mineralizing system that now extends over a strike length of 850 meters and over a width up to 90 meters, HighGold (TSX-V:HIGH, OTCQX:HGGOF) said. The firm said that told shareholders that the size and persistence of the mineralized system is “encouraging”, and further geological data will be used to vector towards zones of potential higher-grade mineralization within the halo.
NEXE Innovations Inc (TSX-V:NEXE, OTC:NEXNF) has announced that PSC Natural Foods Ltd has placed its first purchase order for all five varieties of its XOMA Superfoods beverages for retail distribution. The company noted that PSC, part of Horizon Distributors Ltd, is a leading natural and organic foods distributor focusing on grocery and wellness with a network of over 200 stores serving Vancouver Island and the Lower Mainland in British Columbia. "We are excited to partner with PSC to provide consumers access to our nutrient-dense, fully compostable and Keurig single-serve brewing systems compatible superfood beverages," NEXE president Ash Guglani said in a statement. "As we expand our distribution network, we are able to better increase our market presence and continue showcasing our XOMA Superfoods line creating a strong base for expansion in the North American marketplace."
Sonoro Gold Corp (TSX-V:SGO, OTCQB:SMOFF) reported the initial assay results from the first 24 drill holes of a 10,000-meter drilling campaign currently underway at its Cerro Caliche gold project in Sonora, Mexico. The company said the objective of the program is to increase the estimated size and grade of the project's oxide gold mineralization as well as to establish a basis for an extension of the estimated life of the proposed heap leach mining operation as outlined in the Preliminary Economic Assessment and updated Mineral Resource Estimate filed in October 2021. The results include drilling conducted in the gold mineralized zones of El Colorado and Guadalupe, located in the southwestern region of the property, where assays returned multiple higher-grade gold intercepts within larger intervals of high-grade gold mineralization. Drilling is continuing at both zones.
Nextech AR Solutions Corp announced that its long-awaited app ARitize Holograms has been released in a beta version, and is available for download in the Apple App Store. ARitize Holograms is the first to the market app powered by artificial intelligence that lets users create, share and view human holograms on a smartphone device with no green screen required. The app will also be offered as a software development kit (SDK) so that any application can license this groundbreaking technology, the company noted. In the second quarter, the company shared that ARitize Holograms will be integrated directly with its Metaverse Studio and ARitize Maps, allowing for human holograms to be dropped into and viewed in the metaverse.
Sanatana Resources Inc has announced that Teuton Resources Corp has agreed to purchase 4,000,000 units of the company for $600,000 and priced at $0.15 per unit. Each unit will consist of one share and one-half of a share purchase warrant, each full warrant exercisable at $0.20 for two years. The company said the funds will be used for upcoming drilling and exploration of Sanatana's Oweegee Dome project scheduled to start in June 202In a statement, Peter Miles, CEO commented: "We are extremely pleased to welcome Teuton, headed by Dino Cremonese, as an important Sanatana shareholder. Dino has over 40 years of exploration experience in the Golden Triangle of BC and notably Teuton is the project generator for Tudor Gold (TSX-V:TUD)'s Treaty Creek project (located approximately 40 kms west of Oweegee) with a combined market capitalization in excess of $560,000,000."
HempFusion (TSX:CBD.U, OTCQX:CBDHF) Wellness Inc has announced a brokered private placement to raise up to US$3.0 million in aggregate gross proceeds. Under the offering led by Research Capital Corporation as the sole agent and sole bookrunner, the company will offer up to 3,000 convertible debenture units at an issue price of US$1,000 per convertible debenture unit. The company said it plans to allocate the net proceeds of the offering to working capital, repayment of debt and/or general corporate purposes. Each convertible debenture unit will be comprised of US$1,000 principal amount of 10% senior secured convertible debentures of the company which will be convertible into common shares at a price of US$0.15 per common share, subject to adjustment in certain events, and maturing on a date that is three years from issue, as well as 3,333 common share purchase warrants.
Unrivaled Brands (OTCQX:UNRV) Inc has announced the addition of Paradise Smokes to its Accelerator distribution program, a forward-thinking alternative to traditional cannabis distribution. The company noted that Los Angeles-based Paradise Smokes is a family business, owned and operated by a local husband and wife, offering a premium preroll experience in a number of form factors. It said the premium Accelerator Brand offers 0.7g indoor flower joints, available in singles and five-packs, and Paradise Plus 2g joints, infused with 0.2g Ahti Hash rosin, available in singles. All products are hand wrapped in unbleached organic rice paper, complemented by glass tips and premium flower from Seed Junky. "We've watched Paradise rapidly gain attention in the California market with their quality hand-rolled products, and strong eye for branding,” Unrivaled president Oren Schauble said in a statement. “We're excited to help them expand further throughout the state as a perfect complement to the Unrivaled Brands (OTCQX:UNRV) California product lineup,” he added.
Valeo Pharma Inc has reported record fourth-quarter and full-year revenue after making investments that provided momentum to recent product launches. The Kirkland, Quebec-headquartered company reported revenues of $13.6 million for the year to October 31, 2021, up 81% from $7.5 million in 2020. Its gross margins for the year were also a record, rising 186% to $4 million. "2021 was marked with several key milestone achievements by Valeo,” commented Steve Saviuk, the company’s CEO. “We delivered record annual revenues, successfully launched three products with significant revenue growth potential, completed the implementation of a new corporate and commercial infrastructure necessary to support our growth objectives and secured extensive private and public reimbursement for our lead products across the country.”
Xigem Technologies (CSE:XIGM, OTCQB:XIGMF) Corporation told investors it has entered into a letter of intent (LOI) on February 25, 2022, to purchase software platform All Source B2B from All Source Security Container Manufacturing Corp. (SCMC) for cash C$1.6 million in cash. The Toronto-based technology company noted that All Source B2B was initially developed by SCMC as its proprietary logistics platform to optimize the distribution of its products to its small and medium-sized customers across North America. It also enables other third-party producers to list, sell and distribute their products in wholesale quantities. "This transaction is highly complementary to our existing business,” Xigem co-founder and CEO Brian Kalish said in a statement. “The ongoing transformation of the economy has seen manufacturers and distributors increasingly selling through e-commerce platforms and shipping directly to their customers. All Source B2B has demonstrated that it is poised to be a leader in this part of the SaaS (software as a service) space.”
The Valens Company (TSX:VLNS, OTCQX:VLNCF) Inc has told investors it is seeing strong momentum across all key segments in the first quarter of 2022, as the cannabis-focused group posted fourth quarter and full-year fiscal 2021 results to end-November. The company said recent cost-saving and integration measures had placed it on the 'path towards profitability' and it expects to achieve both positive adjusted EBITDA by the fourth quarter this year and revenue guidance for fiscal 2023 of at least C$225 million. In the 12 months to November 30, 2021, Valens said net revenue came in at C$78.2 million, down from C$83.7 million in fiscal 2020, while in the fourth quarter it was C$18.4 million, down from C$20.9 million in the preceding quarter of the same year. The company put the quarter-on-quarter decline down to the transition of its B2B business to align with its 'fewer, bigger, better' growth strategy.
O3 Mining Inc (TSX-V:OIII, OTCQX:OIIIF) has hailed a new updated resource estimate for its Marban project in Val-d'Or, Quebec, which, it says, augurs well for a pre-feasibility study to be completed later this year and the following feasibility report. The company said the update has increased open pit indicated resources at the asset by 29% to 520,000 ounces compared to the 2020 estimate and increased the average gold grade by 2%. Notably, the conversion rate to the higher confidence indicated category from the lower inferred was more than 100%. "Together with the recent metallurgical test work results and higher indicated resources, we are expecting to see robust economics in the Marban PFS and to move quickly towards initiating a Feasibility study," said CEO of O3 Mining Jose Vizquerra in a statement.
Zynerba Pharmaceuticals (NASDAQ:ZYNE) Inc has reported results for the fourth quarter and full-year that reveal ample cash on hand, giving the company scope to run pivotal trials of its flagship product Zygel (ZYN002). In the financial year ended December 31, 2021, the Devon, Pennsylvania-based company increased its cash and equivalents to $67.8 million compared to $59.2 million at the end of December 2020. Management believes the company's $67.8 million war chest will be “sufficient” to fund operations and capital requirements into the second half of 2023. The company's flagship Zygel will be in focus. The product is a patent-protected CBD skin gel, which is being developed to treat a slew of rare neuropsychiatric disorders, including Fragile X syndrome (FXS) and autism spectrum disorder (ASD) programs.
BANXA (TSX-V:BNXA, OTCQX:BNXAF) Holdings Inc, the payments service provider, saw its transaction volume surge during its fiscal 2Q to A$594 million (US$431 million) thanks to an expanding partner network and new customers. The firm posted revenue of A$28 million (US$21 million) during the months from October to December 2021, up 522% year-over-year. BANXA (TSX-V:BNXA, OTCQX:BNXAF) added 30 new coins and chains during the fiscal quarter, with current support for more than 80, it told shareholders.
Nextleaf Solutions Ltd (CSE:OILS, OTCQB:OILFF) said it earned about $1.15 million in revenue during its fiscal first-quarter 2022. The company said the revenue generated during the quarter ended December 31, 2021, came from processing cannabis concentrates and branded product sales, with a gross margin of about 30%. Also, during the quarter Nextleaf said it became a top-10 supplier of cannabis oils and vapes in British Columbia and established distribution of Glacial Gold branded products into three provincial adult-use markets and nationally for medical cannabis patients. The company also established a commercial supply partnership with a Nasdaq-listed global cannabis company, with Nextleaf supplying THC ingredients to power the partner's THC vape cartridges distributed nationally under its brands.
Karora Resources Inc has announced new nickel exploration results from the 50C nickel trough at its Beta Hunt mine in Western Australia, which included 3.8% nickel over 10.9 metres and 4.2% nickel over 3.0 metres. The company said the new results have extended the known 50C nickel trough strike length to over 200 metres, from 150 metres previously, and includes drilling along strike of the 50C discovery and the parallel 10C nickel trough. “The new drilling supports the extension of the 50C discovery to over 200 metres in strike length and up to 120 metres in width, all delivered in just 10 months since discovery,” Karora Resources CEO Paul Andre Huet said in a statement.
Mydecine Innovation Group (LSE:TIG) Inc has announced a positive meeting with the US Food and Drug Administration (FDA) regarding its investigational new drug (IND) and breakthrough therapy status applications. The Denver-based biotech company reported a meeting with the FDA on February 28, 2022, to review its IND application to administer MYCO-001, in combination with therapy, to humans as part of smoking cessation treatment. Leading drug and substance abuse researcher, Dr Matthew Johnson of Johns Hopkins University, will serve as the lead investigator for this multi-site study, the company noted. "The data from John Hopkins University's ongoing studies assessing psychedelic-assisted therapy to treat nicotine addiction is showing efficacy rates 2-3 times higher than the current gold standard of treatment,” said Mydecine chief medical officer Dr Rakesh Jetly in a statement
Unigold Inc has provided an update on activities at its 100%-owned Neita concession in the Dominican Republic. "The filing of an application for the Exploitation Licence over the southern half of the existing Neita Concession is a significant milestone for the Company,” said Unigold CEO Joseph Hamilton in a statement. “Our strategy for the delivery of a small footprint, low-capital oxide project at Candelones is intended to introduce mining to the local communities while allowing us to build capacity and infrastructure that can be used to develop the larger sulphide resource in the future.”
Delta 9 Cannabis Inc has announced the grand opening of its seventeenth retail store, and twelfth cannabis store in the Province of Manitoba. The new retail store is located in the heart of the busiest shopping district in Winnipeg and is scheduled to open on March 1, 2022. Delta 9's retail cannabis concept, combined with a focus on convenient and high traffic shopping destinations have been a successful part of the company's overall vertical integration strategy. The newest Delta 9 Cannabis Store is situated on Portage Avenue which is also known as part of the Trans Canada highway. This section of Portage Avenue is the focal point for over one million square feet of retail businesses making it one of the city's biggest shopping destinations.
Sassy Resources (CSE:SASY, OTCQB:SSYRF) Corporation announced that diamond drilling has commenced at its Highrock uranium project in the Key Lake region of Saskatchewan’s Athabasca Basin. The company noted that it signed a staged option agreement with Forum Energy Metals in January 2022 under which it may acquire up to a 100% interest in Highrock. Sassy is funding the 2022 diamond drill program while Forum is acting as project operator. “We’re very excited to give Sassy shareholders exposure to the uranium sector and a project in the follow-up drilling stage that offers strong discovery potential,” CEO Mark Scott said in a statement. “Highrock also provides a seasonal complement to Sassy’s Foremore gold-silver project in Northwest BC’s prolific Eskay Camp.”
Burcon NutraScience Corporation has announced that Peter H. Kappel, chairman of its board of directors, will assume the role of interim chief executive officer (CEO), with immediate effect, until a successor is appointed by the company's board of directors. As previously announced, the company's previous CEO Johann Tergesen will continue in an ongoing capacity as an advisor to the company and Burcon's board of directors. The company said it has engaged Kincannon & Reed, an executive search firm specialising in the food and agribusiness sectors, to assist in recruiting a new CEO. Kappel is a former investment banker who served in senior roles at Nomura, Dresdner Kleinwort Wasserstein, Calyon and DVB Bank in London. He brings extensive experience in strategic and business management as well as a wealth of knowledge in the field of finance and investment. "On behalf of the Board of Directors and the entire team at Burcon, I want to sincerely thank Johann for his many years of service and for leading Burcon to where it is today. I am pleased to step in as interim CEO during this transition period. Our executive search for a successor who brings expertise in the specialty food ingredients space is well underway," Kappel said in a statement.
Think Research (TSX-V:THNK) Corporation announced that its Clinic 360 Inc subsidiary has entered into a patient-sharing arrangement with Peel Weight Loss Clinic to better meet the needs of its gastric sleeve patients. Clinic 360, already a Canadian leader in bariatric surgeries, will expand with a new office in Brampton, Ontario. Under the agreement, Peel Weight Loss Clinic will transfer existing and future patients to Clinic 360. Surgeon and Peel Weight Loss Clinic owner Dr. Pavi Kundhal will join the team of 360 Sleeve bariatric surgeons at Clinic 360 and perform surgeries, manage patient consultations and after-surgery care.
Klondike Gold Corp has reported more drill results from its huge Klondike District project in Yukon, which shows the Stander Zone hosts 'significant near-surface' gold mineralization which is expandable and open in all directions. The assays come from a Phase 3 drill program comprising 20 holes at the zone in 2021, which targeted two sub-areas - main and east - which are separated by around 2,500 metres (m) along strike. Highlights included a length of 21.34m at 3.36 grams per ton (g/t) gold, starting from a depth of 32m in one hole. That was within a longer intercept of 48m starting from 32m to 80m depth at 1.55 g/t of the yellow metal.
Enveric Biosciences (NASDAQ:ENVB) announced that it has filed its tenth Patent Cooperation Treaty (PCT) application directed to tryptamine-based derivative molecule, completing the company’s broad series of PCT applications covering this family of compounds. The Naples-based biotech company's robust tryptamine-derivative intellectual property portfolio claims novel molecules structurally related to certain naturally occurring psychedelics, such as dimethyltryptamine (DMT), psilocybin, psilocin, and 5-MeO-DMT. Some of the naturally occurring molecules are themselves currently being investigated by researchers around the world as potential treatments for a broad range of psychiatric and neurologic disorders including depression, anxiety, schizophrenia, obsessive-compulsive disorder, post-traumatic stress disorder, eating disorders, pain, autism, and Alzheimer’s disease.
Hawkmoon Resources Corp (CSE:HM, OTCQB:HWKRF) has announced final assay results for all 10 drill holes from its 2021 drill program at the Lava gold project in Quebec, which included 1.6 grams per tonne (g/t) gold over 8.2 metres. The company said seven of ten holes intercepted “positive” gold results, including assays of up to 16.1 g/t gold over 0.20 metres. “We are pleased with these initial drill results. Applying the 2D modelling to the previous geophysical data provided high confidence, low-cost targeting for the drill program,” Hawkmoon Resources president Branden Haynes said in a statement.
Gamesquare Esports Inc has announced that Oluwafemi "Femi" Okusanya has joined the company to lead the newly launched Fourth Frame Studios, a first-of-its-kind content production and creative execution studio at the intersection of gaming and culture. The Los Angeles-based company said Okusanya, the former vice president of content at FaZe Clain, is “a leading creative director with extensive experience growing content studios” and is the recipient of numerous Streamy Awards, including best-branded content in 2021. His extensive resume of working with top tier companies includes global brands and household names within the automotive, sports apparel, footwear, luxury brands, and professional sports teams and leagues, it added.
Real Luck Group Ltd (TSX-V:LUCK, OTCQB:LUKEF) has announced the appointment of Benn Timbury as its chief operating officer. The company noted that Timbury has extensive experience in scaling up igaming businesses, working across all areas of operations, driving revenue growth, player acquisition and retention, B2C and B2B partnerships and global acquisitions. In a statement, Real Luck Group chief executive officer Thomas Rosander commented: "I am delighted to welcome Benn to Luckbox at an exciting time for our company. After adding casino games to esports and sports on our next-generation wagering platform, we are beginning to scale player acquisition efforts and looking to enter new markets with additional licenses, all of which Benn will play a pivotal role in executing." He added: "Benn has a proven track record of success in a leading role within igaming companies, helping deliver on revenue growth, to hit operational milestones and implement B2C and B2B strategies and we are looking forward to having his expertise to help drive us forward on our near-term and long-term growth goals."
Versus Systems Inc said it has closed its previously announced public offering of 4,375,000 units for gross proceeds of U$7 million before deducting underwriting discounts and commissions and other offering expenses. The company said it intends to use the net proceeds from the offering for working capital and general corporate purposes. Each unit in the offering consists of one common share, no par value per share, and one warrant to purchase one common share. The offering was priced at US$1.60 per unit with a warrant exercise price of US$1.92.
First Mining Gold Corp CEO Dan Wilton will be presenting at 6ix's first Virtual Spring Conference where attendees will have the opportunity to listen and interact with influential keynote speakers, watch presentations by CEOs from junior mining companies, and directly ask them questions. First Mining Gold is a Canadian gold developer focused on the development and permitting of the Springpole project in northwestern Ontario, one of the largest undeveloped gold projects in Canada. The company also holds a large equity position in Treasury Metals Inc (TSX:TML), which is advancing the Goliath Gold Complex toward construction. First Mining's portfolio of gold projects in eastern Canada also includes the Pickle Crow, Hope Brook, Cameron, Duparquet, Duquesne, and Pitt gold projects. Investors can participate in the four-day conference starting on March 15 by registering here https://6ix.com/conference/?utm_bmcr_source=client_email&utm_source=client_email
SPYR (OTCQB:SPYR) (SPYR (OTCQB:SPYR)) Inc, dba SPYR (OTCQB:SPYR) (SPYR (OTCQB:SPYR)) Technologies, a technology company whose subsidiary, Applied Magix Inc develops and resells Apple ecosystem compatible products in the growing multibillion-dollar IoT smart home and connected car markets, has announced the creation of the Applied Magix advisory board, to proactively support future growth and expansion. "We've spent the past year building necessary infrastructure, and now we're creating an advisory board with an eye towards our future," said Applied Magix CEO Dr Harald Zink. "The advisory board will assist us with upcoming challenges by allowing consultation with individuals possessing a wealth of experience and knowledge, which will prove invaluable to our success and continued growth. The advisory board concept will be of great help entering the coming phase of market share and revenue growth, especially as we further expand marketing and product development," said SPYR (OTCQB:SPYR) (SPYR (OTCQB:SPYR)) CEO Tim Matula. "SPYR (OTCQB:SPYR) is looking forward to working with such distinguished and experienced executives who we have identified as potential members of the Applied Magix advisory board." As they are announced, the Applied Magix advisor board members will be introduced on the Applied Magix website.
MedX Health Corp said it is proposing a non-brokered private placement to accredited investors of up to $4 million by the issuance of up to 80 Convertible Loan Notes, each with a face value of $50,000. The convertible notes will bear interest at 8% per year, payable half-yearly, and will mature on December 31, 2026. They may be converted, at the option of the holder, into units at $0.10 per unit at any time until the maturity date. Each unit will be comprised of one fully paid common share and one-half of a share purchase warrant. Each whole warrant will be exercisable to purchase one further common share at the price of $0.15, exercisable for a period expiring on the maturity date.
CleanSpark Inc (NASDAQ:CLSK) (CleanSpark Inc (NASDAQ:CLSK)) said it has increased the starting salary of all existing entry-level positions in its mining operations to $19 per hour. The hourly pay of the company is now more than that of similar positions at the biggest e-commerce or cloud-computing companies in the United States. As the company focuses on its bitcoin mining operations, its commitment to society and governance remains as strong as ever. In addition to the most competitive employee benefits such as employer-paid health insurance and generous paid time off, the Company now provides all existing and future employees with salaries on par with the highest in the same and comparable industries. "We want to attract the A-players with great pay and benefits," said Matt Schultz, chairman at CleanSpark. "Like the biggest tech giants, we want to be known for having strong talent that gets paid well."
Ayurcann Holdings Inc has announced its intention to initiate a normal course issuer bid (NCIB) through the facilities of the Canadian Securities Exchange (CSE) or alternative trading systems. Under the NCIB, the corporation intends to acquire up to 6,085,890 of its common share, representing approximately 5% of its issued and outstanding common shares. On any given day, during the NCIB, the corporation may only purchase up to 15,000 common shares, which is equivalent to 25% of the average daily trading volume of 60,000 calculated based on the trading volumes on the CSE over the past 12 months and may purchase once per calendar week, in a block trade, a greater number of common shares. Purchases under the NCIB may commence as of March 1, 2022, and will end on the earlier of February 28, 2023; or the date on which the corporation has purchased the maximum number of common shares to be acquired under the NCIB. The corporation may terminate the NCIB earlier if it feels it is appropriate to do so. The corporation has appointed Canaccord Genuity (TSX:CF, LSE:CF) Corp. to conduct the NCIB. All common shares acquired will be returned to treasury and cancelled. The corporation said its board of directors believes that the market price of its common shares may from time to time not reflect the underlying value of the corporation, specifically its growth opportunities and that the proposed NCIB is in the best interests of the corporation and represents an appropriate use of corporate funds. It is expected that any purchases made by the corporation could also enhance value and liquidity for its shareholders.
CO2 GRO Inc (TSX-V:GROW, OTCQB:BLONF) has announced the release of its inaugural Environmental, Social, and Governance (ESG) Report for 2022, which contains qualitative and quantitative details of the global protected agriculture, floriculture and other protected plant markets where CO2 GRO's technology is being deployed. The ESG report outlines CO2 GRO's commitments and approach to ESG as part of its long-term path towards responsible and sustainable growth. John Archibald, CO2 GRO CEO commented: "Our first ESG report is aspirational. It is an overview of and our commitment to ensuring CO2 GRO's growth is achieved responsibly and sustainably while at the same time improving our customer's environmental footprints per unit of additional yield and their financial performance. Given we are in the early stages of commercialization in the 800 billion square foot global protected ag market future reports will identify policies to be implemented and track progress against objectives. CO2 GRO's management and Board are committed to fulfilling its ESG responsibilities." The full ESG Report can be viewed via the following link: https://assets-powerstores-com.s3.amazonaws.com/data/org/15680/media/doc/co2_gro_inc._esg_report_2022-d77b1e5482a6a398857bb36d7dc2ac96.pdf
Essex Minerals Inc said that First Au Limited has notified the company that it is not excising its option to earn-in and acquire the Mt Turner copper-molybdenum project as announced on January 13, 2022. The decision allows the Company to resume discussions with other parties which have expressed an interest in joint venturing the project.
Tracesafe Inc said it has entered into a two month marketing and consulting contract with Toronto-based, North Equities Corp. North Equities specializes in various social media platforms and will facilitate greater awareness and widespread dissemination of the company's news. For a 2-month engagement, the company will pay North Equities C$10,000. North Equities currently owns 27,227 shares of the company.
Oragin Foods Inc - formerly Organic Garage Ltd - has, in accordance with the terms and conditions of the convertible debenture issued on October 25, 2019, agreed, subject to the approval of the TSX Venture Exchange (TSXV), to issue 237,500 common shares as settlement of payments of interest equal to $71,250.00 accrued between November 1, 2021, to January 31, 2022. The shares will be issued at $0.30 each and will be subject to a statutory four-month hold period beginning as of the date of issuance of the shares.
Ultra Lithium Inc said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced September 30, 2021, which saw the issue of 16,473,667 non-flow-through shares and 7,005,148 flow-through shares at purchase prices of 15 cents per non-flow-through share and 16.5 cents per flow-through share, together with 11,739,408 share purchase warrants with an exercise price of 25 cents for a one-year period with 23 placees.
Progressive Planet Solutions Inc (TSX-V:PLAN) said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on December 24, 2021, which will see the issue of 17,763,640 shares at a purchase price of 35 cents per share, together with 17,763,640 share purchase warrants with an exercise price of 60 cents for a two-year period with 159 placees.
Clean Air Metals Inc (TSX-V:AIR, OTCQB:CLRMF) said the TSX Venture Exchange has accepted for filing documentation with respect to its brokered private placement announced on January 31, 2021, which will see the issue of 32.25 million non-flow-through common shares; 10,869,600 flow-through common shares; 12,280,800 premium flow-through common shares at purchase prices of 20 cents per non-flow-through common share; 23 cents per flow-through common share; 28.5 cents per premium flow-through common share, together with 55,400,400 share purchase warrants with an exercise price of 25 cents for a two-year period with 50 placees.
The TSX Venture Exchange has accepted for filing an option agreement between Canada Silver Cobalt Works Inc and Arnold Allsopp (the optionor). Pursuant to the terms of the agreement, the company may acquire a 100% interest in the Allsopp property located in Kirkland Lake, Ontario. By way of consideration, the company will make cash payments totalling $100,000 and will issue 400,000 shares at $0.20 each over a period of three years. The property is subject to a 3% NSR (net smelter return) in favor of the optionor with a right of the company to repurchase the NSR for $2 million. The property is also subject to $340,000 in exploration expenditures over a period of four years.
Numinus Wellness Inc has announced the voting results from its Annual General and Special Meeting of Shareholders held on Monday, February 28. 2022. A total of 26,215,003 common shares, or 12.73% of the issued and outstanding common shares of the company as at the record date of January 24, 2022, were represented either in person or by proxy at the Meeting. Numinus shareholders approved all other resolutions placed before the Meeting, including setting the number of directors of the company at five, the appointment of Davidson & Company LLP as auditors for the company for the ensuing year and approval of the Omnibus Equity Incentive Plan.
Deepspatial Inc announced that it has revised, and refiled its management discussion, and analysis for the three months ended September 30, 2021. The revised Q1 Interim MD&A contains supplemental and enhanced disclosure with respect to, among other things, the company's operations, business objectives, and relationships with third parties, the company's financial condition, financial performance and cash flows, use of proceeds from prior financings and explanation of variances, related party transactions, and the impact of the COVID-19 pandemic on the company. The Revised Q1 Interim MD&A was refiled at the request of staff of the Ontario Securities Commission (OSC) in connection with a normal course review of the continuous disclosure record of the company by the OSC, in order to improve the company's public disclosure record.
Irwin Naturals Inc has announced its intent to submit a draft registration statement on Form S-1 to the US Securities and Exchange Commission, relating to a proposed primary, initial public offering (IPO) of its common shares in the United States. The number of common shares to be offered, the use of proceeds, and the price range for the proposed IPO have not yet been determined. The IPO is subject to market and other conditions, including the effectiveness of the registration statement.
OTC Markets Group Inc, the operator of financial markets for over 11,000 US and global securities, has announced that Bango PLC (AIM:BGO), the global platform for data-driven commerce, 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 trading 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. Paul Larbey, CEO of Bango commented: "To meet the increased interest from US institutional and retail investors, we have taken the decision to launch on OTCQX. The success of our payments business - particularly the recurring revenues generated by our platform product - as well as in our unique purchase behavior targeting technology, positions Bango strongly for continuing growth across our markets. I am pleased that US investors can now more easily participate in the Bango growth story."
OTC Markets Group Inc, the operator of financial markets for over 11,000 US and global securities, has announced that Optimi Health Corp (CSE:OPTI, OTCQB:OPTHF), developers of a vertically integrated mushroom brand targeting functional and novel psychedelic compounds for the health and wellness sector, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTCQB Venture Market. The OTCQX Market is designed for established, investor-focused US and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors. "Everyone here at Optimi is thrilled to reach this important milestone of trading on the OTCQX. The OTCQX Best Market is the highest market tier of OTC Markets and can enhance the Company's visibility to US investors," said Bill Ciprick, chief executive officer of Optimi. "We believe it is an exciting time for all current and future investors to support the Company during this stage of strong growth and commercialization."