A glance at some of the day’s highlights from the Proactive Investors US and Canada newswires
Corporation () (OTCQB:SSYRF) has announced that it is now a member of the Newfoundland.Gold alliance, a group of junior resource companies with interests in the Canadian province. The Newfoundland.Gold alliance members include New Found Gold Corp, Labrador Gold Corp, Exploits Discovery Corp, K9 Gold Corp, Leocor Gold Inc, C2C Gold Corp, Opawica Explorations Inc, and Sky Gold Corp. Sassy Resources is one of the largest landholders in the Central Newfoundland gold belt, where it owns nearly 1,400 square-kilometers of ground including the 480-square-kilometer, drill-ready Gander North project. Additional claims in Newfoundland include Gander South, Carmanville, BLT, Cape Ray II, Mt Peyton South, Hermitage and Little River.
(NYSEAMERICAN:PW) has reported first-quarter 2021 earnings per share of $0.33, a 275% year-over-year increase as the company continued to make accretive acquisitions to boost its bottom line. The REIT also said its Core Funds from Operations (FFO) increased by 142% year over year to $0.46 per share. “Power REIT made significant progress during the quarter by completing a Rights Offering that allowed existing investors to participate at an attractive stage of our growth trajectory,” Power REIT CEO David Lesser said in a statement.
Delta 9 Cannabis Inc () (OTCQX:DLTNF) announced it anticipates first-quarter 2021 revenue of between C$12.9 million and $13.3 million, up from $11.8 million during the same period last year, as the company sold more cannabis in its retail operations. Delta 9 also said it expects its total production costs to improve in the quarter to $0.75 per gram from $0.80 per gram in 4Q 2020. “Our 1Q 2021 performance demonstrates another quarter of year-over-year growth. This quarter we continue to add additional retail stores across central Canada, expand our B2B business into the US market place and find efficiencies to lower our wholesale production cost per gram,” Delta 9 Cannabis CEO John Arbuthnot said in a statement.
() () has announced a definitive agreement to acquire Grace Therapeutics Inc, a privately-held biopharmaceutical company developing drug delivery technologies for the treatment of rare and orphan diseases. The deal would have Acasti acquire Grace’s entire therapeutic pipeline consisting of three unique clinical stage and multiple preclinical stage assets, supported by an intellectual property portfolio of more than 40 granted and pending patents globally. Both companies’ boards have approved the deal thus far, as have Grace stockholders. Grace’s three lead programs have all received Orphan Drug Designation from the US Food & Drug Administration (FDA), which could provide up to seven years of marketing exclusivity in the country following regulatory approval of a New Drug Application (NDA).
XPhyto Therapeutics Corp () ()( FRA:4XT) revealed that it has kicked off a pilot project with its rapid coronavirus (COVID-19) PCR test in a point-of-care (POC) setting in Germany. The Vancouver-based bioscience accelerator’s Covid-ID Lab test was recently approved in Europe and offers the accuracy of a PCR test in 25 minutes flat. During the pilot, the “validated workflows for the test including the mobile collection and processing of patient samples will be optimized,” said the company. XPhyto’s clinical partner for the project is Spitzweg Apotheke, a well-known pharmacy in Langen near Frankfurt, currently running a COVID-19 test center at a clinic, where it also provides pharmacy services for cancer patients.
Loop Insights Inc () () revealed that it has been picked by bdG Sports to provide its complete venue management and fan engagement platform to the Black Friday NCAA Basketball Duke, Gonzaga match on November 26, 2021 at the T-Mobile Arena, in Las Vegas. The Vancouver-based company which provides real-time data analytics through artificial intelligence to drive customer engagement, said the event is expected to attract “a record crowd” both on television and in the arena. According to T-Mobile Arena, “no game in all of college basketball will rival the heavyweight battle between Duke and Gonzaga.”
Plurilock Security Inc () (OTCQB:PLCKF) has been awarded a US$1.15 million order with the US Department of the Navy. The company said the order — to supply Dell Servers — was secured under NASA’s Solution for Enterprise-Wide Procurement (SEWP), a version of the United States Government-Wide Acquisition Contract Vehicle (GWAC). SEWP consists of a large pool of pre-competed prime contract holders (contractors), including more than 100 US small businesses.
() reports that it generated $7.4 million in second-quarter net income on rising revenues as the company expanded sales and marketing initiatives for its energy business. For the three months ended March 31, the company marked revenue of $8.1 million, an increase of $4.4 million or 122% from $3.6 million for the same prior-year period. CleanSpark said net income was $0.28 basic earnings per share and $0.22 fully-diluted earnings per share, compared to a loss of $5.8 million or $1.13 loss in basic and diluted earnings per share for the same period in 2020. In addition, the company said it ended the quarter with working capital of $171.1 million, compared to $2.9 million as of September 30, 2020.
Ipsidy Inc (), the company delivering a suite of biometric identity verification solutions, has announced its first-quarter results, revealing a net loss that narrowed 34% year-over-year. Revenue for the three months ended March 31 was $600,000, compared to $800,000 in the same period of 2020. Net loss was $2.5 million, breakeven on a per-share basis, down from a loss of $3.8 million or, $0.01 loss per share, a year earlier. “We continue to make progress in 2021, building on the major repositioning the company undertook in the second half of 2020 and into this year,” CEO Phillip Kumnick said in a statement. “We rolled out our solutions to customers across various market segments, secured new partners in the financial services and technology sectors and are in production with a global financial institution. Based on our significant product differentiation, we remain confident that our robust new business pipeline will yield increased traction for Ipsidy’s solutions and services.”
() () said its ORYX Gaming subsidiary has signed an agreement with Logrand Entertainment Group under which ORYX content will be made available to players through Logrand’s online brand Strendus Casino in Mexico. Bragg said the agreement is key to the company’s strategy to extend its presence globally, including in the emerging Latin American market. Founded in 2005, Logrand operates 10 land-based casinos in Mexico. Its online brand Strendus Casino was introduced in 2018 and has since grown to become a leading player with over 150,000 active customers. Strendus offers clients a wide range of products including more than 700 casino games, sportsbook, lottery products, table games, and esports betting.
Codebase Ventures Inc () () said that its portfolio company Arcology has wrapped up another showcase of an optimized version of DSToken. DSToken is used by some of the most popular Ethereum-based applications like MakerDAO’s DAI. In a statement, Arcology said that the showcase is a “great first step towards interoperability” and opens up the possibility for complex decentralized applications to be redeployed from their existing blockchains directly onto Arcology’s platform.
Inc () (FRA:45O), the cell and gene therapies (CGTs) focused biotech, reported a four-fold increase in revenue in its first quarter to end-March, as the company continues its journey to build a long-term profitable business with its Point of Care (POCare) strategy. Revenue in the three months came in at $9.4 million, up from $1.8 million in the first quarter of 2020. “This growth is a direct result of long-term contracts with our regional partners as they work to advance our therapeutic pipeline and scale production capabilities in their respective territories,” said Vered Caplan, the firm’s CEO.
Karora Resources Inc () (OTCMKTS:KRRGF) (FRA:5RN1), the western Australia-focused gold miner, has posted a solid set of first-quarter results, which it said positions the company well for further growth this year. In the three months to end-March, 2021, the company – which runs the Beta Hunt and Higginsville mines – recorded net earnings of C$5.6 million, well up from C$539,000 seen in the first quarter of 2020 on revenue of C$59.2 million, up from C$54.2 million in the same period a year earlier. Cash flow used in operations for the quarter was C$18.6million, up from C$12.2 million a year earlier, while Karora ended the period with C$76.7 million in cash and working capital of C$63.2 million.
() has announced that its chairman and CEO, Evan Sohn, will be interviewed on Yahoo Finance Live today, May 7, 2021, during the 1pm to 2pm hour with hosts Kristin Myers and Alexis Christoforous. During the exclusive live interview, Sohn is expected to discuss the company’s Recruiter.com Index, the April US jobs report, current recruiter sentiment, and ways to expedite the rehiring process for businesses today. Investors can view the interview via the following link: https://finance.yahoo.com/show/theticker/
() () has announced the availability of a broadcast titled, “COVID-19 and Martech’s Law: Companies Close Gap, Digital Advertisers Thrive.” In a Bazaarvoice survey of more than 5,000 consumers across different countries, 49% said that they shop more online now than pre-coronavirus (COVID-19), including 62% of Americans, 59% in Canada and 70% in Mexico. Quick to respond to the burgeoning opportunity, DGTL is building a portfolio of B2B enterprise Software-as-a-Service (SaaS) in the digital media, martech, ecommerce and adtech sectors. The company’s first acquisition, Hashoff, put the company squarely in the forefront of influencer marketing, a practice where people with large social media followings or “experts” in certain niches are hired to endorse products to their audience. To hear the AudioPressRelease, investors can visit: The NetworkNewsAudio News Podcast. To view the full editorial: https://nnw.fm/zeoI7
() has announced that its drug candidate, leronlimab, will be featured in a one-hour news segment on Sunday, May 9, at 5.00pm PT / 8.00pm ET on OneNews in the Philippines. CytoDyn has been supplying leronlimab to the Philippines as a therapeutic treatment for critically ill COVID-19 patients under Compassionate Special Permits (CSPs) authorized by the Philippine FDA. Appearing in this news program will be Dr Nader Pourhassan, CytoDyn’s president and chief executive officer, Chris Recknor, CytoDyn’s chief operating officer and head of Clinical Development, Harish Seethamraju, medical director for the Mount Sinai Lung Transplantation Program in New York, and Richard Nicolas, associate clinical professor for Cardiothoracic and Vascular Surgery, University of the Philippines, and practicing surgeon, St. Luke’s Medical Center, Philippines. The segment can be accessed via the following direct link: https://streamyard.com/6h5qmy47zi; and on social media – Facebook: http://facebook.com/onenewsph YouTube:http://youtube.com/onenewsph
Global Energy Metals Corporation () (OTCMKTS:GBLEF) (FRA:5GE1 has said that, in collaboration with Amvest Capital, the company will host a webinar on Monday, May 10, 2021, at 4.05pm ET / 1.05pm PT. Global Energy’s president & CEO, Mitchell Smith, will provide highlights of anticipated catalysts, on the heels of closing $870,000 in a first tranche of its non-brokered private placement, aimed in providing shareholders a way to gain accelerated investment exposure to the global energy storage and electrification market opportunity through its growing copper-cobalt-nickel project portfolio in the world’s top mining jurisdictions. This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. To view the Amvest webinar live, investors can register at the following link: https://register.gotowebinar.com/register/7672888432854459147?source=co
() has announced it will report its first-quarter 2021 financial results on Wednesday, May 12, 2021. The American Resources management will host a conference call and live audio webcast to provide a business outlook at 4.30pm ET that same day. Interested participants and investors may access the conference call by dialing (877) 407-4019 and referencing ‘s First Quarter of 2021 Conference Call, or by the webcast link: https://78449.themediaframe.com/dataconf/productusers/arec/mediaframe/45091/indexl.html. An audio replay will be available on the company’s website following the call.
Nextech AR Solutions () () () (FRA:N29) has said it plans to release its first-quarter 2021 financial results after the markets close on Wednesday, May 12, 2021. Subsequently, Nextech will host a conference call to discuss the results on the same day at 5.30pm Eastern Time. Evan Gappelberg, Nextech chief executive officer and Kashif Malik, its chief financial officer will discuss the financial and operating results followed by a question-and-answer period. Conference Call Details: Toll-Free Dial-In Number: (877) 201-0168; International Dial-In Number: (647) 788-4901; Conference ID: 4288924; Webcast Registration Link: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=&eventid=3170994&sessionid=1&key=EC55E50C1AE13CB3789977945AC172E1®Tag=&V2=false&sourcepage=register. For those unable to join the live event, a recording of the presentation will be posted on the company’s website.
() said the TSX Venture Exchange has accepted for filing the documentation relating to an option agreement dated April 29, 2021, between the company and Bounty Gold Corp., an arm’s-length party to the company, in connection with the option to acquire a 100% interest in the Curie Lake and Root Lake properties, covering 76,511 hectares and located in the Red Lake district in the province of Ontario. Under the agreement, the company will make aggregate cash payments of $175,000 and issue common shares with an aggregate value of $175,000 subject to a floor price of 70 cents per share over a two-year period from the date of the agreement. The common shares will have a deemed issuance price equivalent to the 20-day volume-weighted average trading price of the company’s shares for the period immediately prior to the date on which such common shares are due, subject to a floor price of 70 cents per share. The vendor will retain a 2%net smelter return (NSR) royalty on any saleable production from the properties; 50% of the NSR royalty (a 1% royalty) may be purchased by the company for $1 million
Marvel Discovery Corp () said the TSX Venture Exchange has accepted for filing the company’s proposal to issue 1.25 million shares to settle outstanding debt for $187,500 with one creditor.
(), the operator of financial markets for 11,000 US and global securities, has announced that Kits Eyecare Ltd. (TSX:KITS) (OTCQX:KTYCF), a digitally native eyecare platform, 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. “Our continued success with executing on our strategic plan has led to increased interest in our stock. OTCQX will increase the liquidity of our stock and enhance access for US Shareholders seeking to gain exposure to what we believe will become the leading vertically integrated, asset-light model in eyecare,” said Sabrina Liak, CFO of Kits Eyecare.