NA Proactive news snapshot: CytoDyn, The Flowr Corporation, Aequus Pharmaceuticals, Lingo Media …

CytoDyn Inc (OTCQB:CYDY) said Thursday that a majority of coronavirus (COVID-19) patients who were being treated with its flagship drug candidate leronlimab under the US Food and Drug Administration’s (FDA) emergency Investigational New Drug (eIND) program demonstrated “remarkable recoveries.”. In a statement, Dr Bruce Patterson, the CEO of CytoDyn’s diagnostic partner and advisor IncellDX, said the company was “very excited” to see the positive results. The Flowr Corporation (CVE:FLWR) (OTCMKTS:FLWPF), the cannabis cultivator, said it is on the brink of seeing a step-change in its results as the group posted solid fourth-quarter and full-year numbers for 2019. The three months to December 31, 2019 saw the firm report its highest quarterly production to date, at 661kg of dried cannabis, which led to revenue of C$1.6 million. The group said it also sold through all of its BC Pink Kush packaged in the fourth quarter and around 30% of the quarter's output and 69% of sales were attributed to this product. Aequus Pharmaceuticals Inc (CVE:AQS) (OTCQB:AQSZF) posted fourth-quarter results on Thursday that showed revenue leapt 44% year-on-year, delivering a strong financial end to 2019. For the quarter ended December 31, 2019, the Vancouver-based specialty pharmaceutical company reported revenue of $535,466. Overall for 2019, Aequus posted record revenue in 2019 of $1.6 million, a 16% jump over the $1.4 million in revenue it clocked during the year ended December 31, 2018. Lingo Media Corporation (CVE:LM) (OTC:LMDCF), the edtech group, reported increased profit and revenue in its fourth quarter and said it is encouraged by the current "stay and learn at home" reality amid the coronavirus (COVID-19) pandemic. The English language teaching focused group, which operates in several jurisdictions and offers both online and print solutions, saw its net profit for the three months to end December come in at C$338,619 compared to C$119,279 in the same period in 2018, on revenue of C$831,508 versus C$713,150 a year earlier. The group's quarterly income before amortization, share-based payments, depreciation, finance charges and taxes was $431,813 compared to $262,220 in 2018. Explorex Resources Inc (CSE:EX) (OTCMKTS:EXPXF) revealed that it has closed the deal to acquire Singapore-based financial services company Raffles Financial Pte Ltd. The Vancouver-based said it will now be known as Raffles Financial Group Limited after its mineral assets plus C$500,000 in cash were spun out to Origen Resources Inc, which plans to go public on the Canadian Securities Exchange shortly. NetCents Technology Inc (CSE:NC) (OTCQB:NTTCF), a disruptive cryptocurrency payments technologies company, announced Thursday that venture capital and private equity expert Wang Qin has joined its advisory board. Wang has nearly three decades of venture capital and private equity investment, executive management, and consulting experience in the broader information and technology industry as well as resource, energy, and cleantech industries, in China, Canada, and Japan. Wang has been a managing partner of NewMargin Ventures and Ceyuan Ventures, both prominent venture capital management companies in China, for over ten years. Separately, NetCents announced that it has issued 4,964,497 units under a private placement for gross proceeds of $1,390,059. Each unit comprises one share and one share purchase warrant, priced at $0.70, with a two-year term. The company paid commissions of $9,310 and issued 2,000 agent warrants with the same terms as the warrants in the private placement. DXI Energy Inc (TSE:DXI) (OTCQB:DXIEF), an oil and gas exploration company, reported fourth quarter and full-year results after the bell on Wednesday that showed off growing revenues and a narrowing net loss.  The company, which operates in Colorado's Piceance Basin and the Peace River Arch region in British Columbia, saw revenue of C$377,000 for the three months ended December 31, 2019, which was 23% more than the $307,000 it made in the same period in 2018.  The group's quarterly net loss shrunk by 66% year over year, dropping from C$8.7 million to C$2.9 million, or from C$0.08 per share to C$0.01 per share. DXI also revealed that it intends to take advantage of the 45-day regulatory filing extension granted to Canadian companies due to the coronavirus (COVID-19) pandemic. The company now plans to file its results for the three months ended March 31 2020, by June 29. Atlas Engineered Products Ltd (CVE:AEP) (OTCMKTS:APEUF) saw its annual revenue increase by 160% to nearly C$32 million in 2019 thanks to an aggressive focus on product diversification. The Nanaimo-based construction company generated a positive adjusted EBITDA margin of 11% for the year ended December 31, 2019, a stark turnaround from the negative adjusted EBITDA of 5% it posted in the seven-month period ended December 2018. Newrange Gold Corp (CVE:NRG) (OTCMKTS:NRGOF) has updated on its exploration plans in Nevada, USA, where it is planning a 5,000 to 10,000 meter drill program at the Pamlico project. In a statement, the firm said it expects to begin road work and site preparation within the next two weeks. Reverse circulation (RC) drilling will be used initially, with diamond drilling expected on some targets later in the program, it added. Acasti Pharma Inc (NASDAQ:ACST) (CVE:ACST) has updated on the progress of the development of its flagship drug candidate CaPre, saying it submitted its New Drug Application briefing package on April 29 to the US Food and Drug Administration (FDA) for review. In January this year, the biotech firm reported that further analysis was underway after topline results from its Phase 3 TRILOGY 1 trial for CaPre did not reach statistical significance due to an unusually large placebo effect. Acasti filed its FDA meeting request at the end of March, and this briefing package is now intended to provide the regulator with a review of the relevant TRILOGY 1 data and audit findings, in a bid to "gain alignment on the interpretation of the TRILOGY 1 results and implications for TRILOGY 2", the company said in a statement. Champignon Brands Inc (CSE:SHRM) (OTCQB:SHRMF) said Thursday that a major Canadian pharmacy chain will dispense its ketamine topical treatment at one of its locations. The move strengthens Champignon’s vertically integrated psychedelic medicine offering by accelerating its ketamine topicals fulfillment capabilities, the firm said in a statement. Vancouver-based Champignon will also leverage the pharmacy’s infrastructure to distribute ketamine topical prescriptions to a network of medical, pain and addiction clinics in Canada, broadening the company’s revenue stream. Separately, Champignon also told shareholders that it has closed the acquisition of AltMed Capital Corp, a Canadian ketamine clinic operator with strong research and development projects. AltMed recently purchased the balance of shares of the Canadian Rapid Treatment Centre of Excellence Inc, giving it full ownership of the facility. Minera Alamos Inc (CVE:MAI) (OTCMKTS:MAIFF) has reported encouraging drill assays from its Santana gold project in Mexico, where it expects to resume mine building activity on or around May 18 this year. In a statement on Thursday, the firm released assays from holes, which were mainly aimed at assessing the southwest and southerly extensions of the Nicho main zone it works to define the limits of the proposed Nicho pit. Minera Alamos also said it will postpone filing its annual financial statements and management's discussion and analysis for the year ended December 31, 2019, due to logistics and delays caused by the coronavirus (COVID19) pandemic. The group said it is relying on exemptive relief granted by Canadian securities regulatory authorities that gives a blanket exemption allowing issuers an additional 45 days to complete their regulatory filings. Minera added that, despite the efforts of company personnel and the external auditors operating an audit with restriction on typical activities during the COVID-19 outbreak, it estimates that its 2019 annual documents will be available for filing within a matter of days. Until such time as the 2019 annual documents are filed, it added, Minera's management and other insiders are subject to a trading blackout, and it noted that there have been no material business developments since the date of its last interim financial statements, filed on November 28, 2019. Media Central Corporation Inc (CSE:FLYY) announced Thursday that the print editions of its flagship NOW Magazine and Georgia Straight saw pick up rates of more than 91% despite market pressures caused by the coronavirus (COVID-19) pandemic. The company continues to put out weekly editions of the publications, which serve Toronto and Vancouver, respectively. Media Central CEO Brian Kalish said in a statement. “We are thrilled with the impressive pick up rate for NOW and the Straight, and we're grateful for being able to provide our loyal readers with print editions of our particular brand of news, information and entertainment during this extraordinary time." American Rebel Holdings Inc. (OTCQB:AREB) has revealed its first vault door installation at the soon to open Leaf and Bud Provisioning Center in Detroit. The company said it not only installed it’s made in America Vault Door, but also installed three of its Inventory Control Safes. American Rebel has created the safe industry's first inventory control safe for the cannabis industry.      NexTech AR Solutions Corp (OTCQB:NEXCF) (CSE:NTAR), a leader in augmented reality for eCommerce and AR learning applications, revealed that it has completed its acquisition of virtual events, remote video training, live streaming software company Jolokia. In a statement, Evan Gappelberg, NexTech’s CEO commented, “We are thrilled to close on this acquisition and welcome the Jolokia team of 10 to NexTech. Jolokia has built an impressive SaaS platform for education and product training which when combined with AR creates a truly unique and industry leading virtual events product offering.” OTC Markets Group Inc. (OTCQX:OTCM), operator of financial markets for 10,000 U.S. and global securities, announced that Orezone Gold Corporation (CVE:ORE) (OTCQX:ORZCF), a Canadian development company, has qualified to trade on the OTCQX Best Market and has upgraded from the OTC Pink market. Upgrading to the OTCQX is an important step for companies seeking to provide transparent trading for their US investors, the markets operator said. To qualify for OTCQX trading, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws, it added. Patrick Downey, Orezone's President & CEO commented, "We are pleased to enhance our market presence in the U.S. by trading on OTCQX which will immediately improve accessibility and liquidity for our existing U.S. shareholders and enhances our ability to effectively communicate new developments at our Bomboré Gold Project to a broader U.S. audience of retail and institutional investors." Hillcrest Petroleum Ltd. (CVE:HRH) (OTCMKTS:HLRTF) has announced the postponement of filing its audited annual financial statements for the year end December 31, 2019 due to logistics and delays caused by the coronavirus (COVID-19). The company said it will invoke the British Columbia Securities Commission temporary exemption and estimates that the required disclosure will be filed no later than June 1, 2020. Until then, it added, all management and other insiders are subject to the company's share trading and black-out policy. Hillcrest also confirmed that since September 30, 2019, the date of its last interim financial reports, other than business developments disclosed by way of news release or filings on SEDAR, there have been no material developments since that date. DD in March. Bevcanna Enterprises Inc.  (CSE:BEV) (OTCMKTS:BVNN) announced that it is relying upon the exemption published by the B.C. Securities Commission on March 23, 2020, to the requirement to file its audited annual financial statements and management's discussion and analysis (MD&A) on or before the 120th day after the end of its most recently completed financial year. The company said it anticipates it will file on or before May 29, 2020. It confirmed that management and other insiders are subject to a trading black-out and that there have been no undisclosed material business developments since November 27, 2019, the date of filing is third quarter interim financial statements. Bevcanna also announced that it has settled debt in the amount of $20,000 owed by the company to a creditor in exchange for 50,000 common shares at a deemed price of $0.40 each.