Research house M Partners has called The Valens Company a “meaningful buying opportunity” at its current share price, according to a new note from the analyst group. The vote of confidence comes following the release of its latest shareholder letter that provided the rationale for its recent $32 million financing. In the letter, Valens CEO Tyler Robson and president Jeff Fallows said proceeds from the recent financing will enable it to manage working capital and cash cycles and give it financial flexibility as the company pursues its growth initiatives.
Analysts at Haywood Securities Inc said they see "attractive" return on invested capital potential for Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF)'s Sabodala-Massawa mine in Senegal. On April 4, 2022, Endeavour Mining told investors that it will soon launch the construction of its Sabodala-Massawa expansion project in Senegal, supported by a recently completed definitive feasibility study.Haywood Securities continues to rate Endeavour a ‘Buy’ and the leading West-Africa-focused gold miner’s shares received a $4 boost to $50. Analysts on average target the shares at $43.54. There's plenty of upside potential as Endeavour Mining’s stock currently trades at around $32.21. In a note to clients Haywood Securities highlighted the company's track record of delivering development projects into production on time, if not before, and on-budget.
Global Energy Metals Corp (TSX-V:GEMC) said it will host a webinar to present and discuss the results of a promising drill campaign at its Lovelock battery metals project in Nevada. The Vancouver-based firm intersected mineralization at select targets and elevated values of cobalt, nickel and copper in three of the holes targeting possible mineralization beneath the historical mine workings. The event will take place on April 11 at 4:05PM ET/1:05PM PT. Interested participants may register at https://event.on24.com/wcc/r/3719667/29EDC8201B750C7BF841E3AE09BD4F14.
Empower Clinics Inc has announced that all three of its coronavirus (COVID-19) testing sites - located at Port of Vancouver, Canada Place and Fairmont Waterfront Hotel - have received DAP certification. Vancouver-based Empower noted that all COVID-19 testing in British Columbia requires accreditation by the College of Physicians and Surgeons of British Columbia's Diagnostic Accreditation Program (DAP). The Public Health Officer Dr Bonnie Henry clarified on March 16, 2021, that any site, laboratory, or company that charges for point of care (POC) testing for COVID-19 is required to receive full independent accreditation through the DAP, the company added. As per the College Bylaws, a registrant may not utilize or practice in a diagnostic facility in BC unless that facility is accredited. "DAP accreditation is a confirmation of Empower's quality, competence and safety as recognized by a medical standards body," Empower chairman and CEO Steven McAuley said in a statement.
Guardforce AI (NASDAQ:GFAI) Co Limited announced that it has entered into an agreement to integrate Blue Pin HK Limited’s (BP) Guest Services Robot into Guardforce's concierge robots (T-series) and co-market the integration within the hotel industry. The company said the integration between it and BP will enable a series of self-services, including online booking, check-in, and check-out.
Nextech AR Solutions Corp. (CSE:NTAR, OTCQB:NEXCF, NEO:NTAR) announced the signing of a unique deal with Bothwell Cheese which uses its ARitize CPG to place QR codes to create human holograms on the client’s cheese labels. The technology can be found on five Bothwell Cheese products distributed at all major retailers and independent stores across Canada such as Whole Foods Market, Save-On-Foods, Sobeys, Federated Co-op, Longos, Loblaws, and more. “This technology is the future of product interaction with consumers, which distributes product messaging to consumers via hologram in a fun and interactive way,” Nextech said in a statement. Without requiring any specialized equipment, the ARitize CPG lets brands easily create interactive experiences with smart packaging for POS, online, and in-home to increase confidence, encourage repeat buyers, and reduce returns.
Zinc8 Energy Solutions (CSE:ZAIR) Inc. said it has appointed Canadian lawyer and long-time community safety advocate Bernard Pinsky, Q.C. to its board of directors effective immediately. Pinsky is currently the chair of the board and a founding director of the Ronald S. Roadburg Foundation, one of the largest philanthropic foundations in British Columbia.
O3 Mining Inc (TSX-V:OIII, OTCQX:OIIIF) has announced that it has entered into a definitive share purchase agreement with Cartier Resources Inc. to sell its 100%-owned East Cadillac Project located in Val-d'Or, Quebec in exchange for 46,273,265 shares which are equivalent to a 17.5% interest in Cartier. In connection with the transaction, the companies will enter into an investor rights agreement to entitle O3 Mining to designate one director for appointment to the board of directors of Cartier. "The Investor Rights Agreement will also include, among other things, pre-emptive and top-up rights in favour of O3 Mining, a standstill provision for a period of two years and a share transfer restriction provision effective for a period of three years," the company said.
Kenorland Minerals Ltd (TSX-V:KLD) told investors that it has entered into an option agreement with Double O Seven Resources Ltd. under which it has granted Double O the sole and exclusive option to acquire a 100% interest in the Separation Lithium Project, located within the English River domain in the Kenora Mining District of northwestern Ontario. Upon signing, Vancouver-based Kenorland said Double O, a private British Columbia company, made an initial $100,000 payment and can earn up to a 100% interest in the Separation project by incurring aggregate payments of $1.5 million on or before the fifth anniversary of the option agreement. Upon completion of the option agreement, Kenorland said it will retain a net smelter returns royalty of 2.5%. For an initial two-year term, it will remain the operator of the project and receive a 10% management fee.
Agra Ventures Ltd has welcomed Health Canada's recent announcement of regulatory changes to streamline the application process for cannabis processors to bring products to market quicker. “Although we remain focused on our business-to-business strategy of growing great cannabis and selling it in dried form to other licensed producers in Canada, the changes give us optionality that we didn't have before, which I believe adds value to our organization," said Elise Coppens, CEO of Agra. On March 31, 2022, Health Canada said it would begin granting sales authorizations for dried and fresh cannabis products during the initial licensing process to all standard and micro-class processing license holders. Therefore, licensees, such as Agra, will no longer have to apply for an amendment in order to sell to wholesalers. The planned improvements are scheduled to go into effect on April 19, 2022.
Universal Ibogaine Inc (TSX-V:IBO) told investors that it is looking to "resume on-site operations" after temporarily closing the Kelburn Recovery Centre in Canada due to an "on-site flooding issue". The life sciences group is developing a state of the art holistic addiction treatment protocol at the facility in Winnipeg, Manitoba. The firm said the centre had experienced abnormally high winter snowfall, resulting in high current groundwater levels arising from the spring melt.
CULT Food Science Corp told investors that its shares have been uplisted from the OTC Pink Sheet Open Market and have started trading on the OTCQB Venture Market today, April 8, 2022, under the ticker symbol CULTF. The company said the listing on the OTCQB increases accessibility for US investors and complements its previous receipt of DTC Eligibility. Its common shares will continue to trade on the Canadian Securities Exchange under the symbol CULT and the Frankfurt Stock Exchange under the symbol LN0, it added. “With our stock now being listed on the Canadian Securities Exchange, OTCQB and Frankfurt Stock Exchange, more investors around the world have the opportunity to participate in the future of food and support our development of cellular agriculture,” CULT president Lejjy Gafour said in a statement. “Trading on the OTCQB will provide current investors and other interested parties with a transparent and more easily accessible platform through which to access real-time quotes and market information. It provides a great opportunity to attract a broader base of US investors.”
The Valens Company (TSX:VLNS, OTCQX:VLNCF) Inc. told investors it will issue its first-quarter 2022 financial results for the period ended February 28, 2022, on April 13, 2022, after market close. The company will host a conference call the following day, April 14, at 11:00am ET to discuss the financial results and business outlook, with CEO Tyler Robson, chief financial officer Sunil Gandhi, president Jeffrey Fallows, and vice president of corporate development and capital markets Everett Knight conducting a question-and-answer session following the prepared remarks. Dial-in details are Toll-Free: 1-877-407-0792 and Toll/International: 1-201-689-8263. Participants should request The Valens Company (TSX:VLNS, OTCQX:VLNCF) Earnings Call or provide confirmation code 13728569. The call will be available via webcast on the Valens investor page of the company website.