NA Proactive news snapshot: Arcadia Biosciences, Co-Diagnostics, OTC Markets Group, Champignon Brands UPDATE ...

Arcadia Biosciences Inc (NASDAQ:RKDA) announced Monday that it has raised about $6.8 million by selling warrants. In a statement, the agricultural technology company said it expects to use the net proceeds to pursue a range of near-term inorganic growth opportunities within its hemp business unit. Arcadia said it also closed on the financing plan that allowed investors to exercise certain existing warrants to purchase 1,392,345 shares of common stock at a reduced price of $4.90 per share. Co-Diagnostics Inc (NASDAQ:CODX) looks bullish for analysts at HC Wainwright & Co who bumped up its price target to $35 per share from $20 on strong first-quarter results. The company’s $1.5 million in 1Q revenue, driven largely by sales of its Logix Smart COVID-19 test, beat expectations of $1.1 million. Co-Diagnostics has manufactured more than 6 million tests and ordered the components for 20 million more. That represents $100 million worth of tests expected to ship over the coming months. OTC Markets Group Inc’s (OTCQX:OTCM) proprietary virtual event series released the agenda Monday for it’s upcoming Australian Mining and Technology Metals live Virtual Investor Conference on May 21. The event will connect individual and institutional investors, advisors and analysts with the executive management teams of several mining companies. The program is scheduled to begin at 8:45 am ET on May 21. Champignon Brands Inc (CSE:SHRM) (OTCQB:SHRMF) has said it will sponsor TheraPsil, a British Columbia (BC)-based non-profit coalition of healthcare professionals, policy-makers and community leaders seeking legal access to psilocybin for BC palliative cancer patients in psychological distress. The firm, which focuses on the formulation and manufacturing of novel ketamine, anaesthetics and adaptogenic delivery platforms for nutraceutical and psychedelic medicines, said the TheraPsil coalition will start in 2020 with a focus on compassionate access to psychedelic-assisted therapy for those in medical need, public education to increase awareness of the treatments, professional training to develop protocols for to deliver psilocybin-assisted therapy, and research collaborations with Canadian and international partners. Ideanomics Inc (NASDAQ:IDEX) said its Mobile Energy Global (MEG) division’s subsidiary has secured its first electric vehicle order. Qingdao Chengyang Ainengju New Energy Sales and Service Co Ltd won the order from an Hangzhou-based customer for 130 EVs from SAIC Motor’s Roewe brand, according to a statement Monday. The order is valued at about US$2.5 million and comprises 80 units of Roewe's 2019 model ei6 Honor 80 Deluxe Edition, 20 units of its 2020 EX5 vehicle, and 30 units of its ei5 2020 Deluxe Edition. Ascent Industries Corp (CSE:ASNT) (OTCMKTS:PGTMF) announced that it has changed its name to LUFF Enterprises Ltd (CSE:LUFF) and appointed Philip Campbell as the CEO to streamline business operations for the Vancouver-based cannabis company. The newly christened company said it expects to resume trading under LUFF Enterprises Ltd and its new ticker symbol later on Monday. In a statement on Friday, the cannabis company said that CEO Campbell would focus on the “reactivation” of the company’s US operations. The company currently holds licenses in Oregon for processing and distribution of cannabis, and in Nevada for cultivation and production, processing and wholesale distribution of cannabis. It also has licenses for the production of hemp-based cannabinoid wellness products. Newgioco Group Inc (NASDAQ:NWGI), a global sports betting and gaming technology company, submitted an amended version of its annual 10-K report for the 2018 fiscal year, which increased both the company’s net income and its net loss. In its original report, the company had previously understated its unrealized foreign exchange losses of $178,976 and identified other miscellaneous immaterial adjustments worth $9,506. As a result, Newgioco’s 2018 net income increased by $85,198 and its net loss increased by $582,449. Newgioco also recently reopened its administrative offices in Italy, Austria and Malta. Esports Entertainment Group (NASDAQ:GMBL) announced Monday that it has started onboarding hundreds of affiliate marketing partners around the world to its relaunched VIE.gg esports betting platform. The Malta-based company’s affiliate marketing effort includes esports teams, influencers, streamers, leagues, and super affiliates from Asia, Europe, North America and South America. VIE.gg offers worldwide, peer-to-peer wagering on esports events, the company said. This lets customers match bets against each other with Esports Entertainment taking a small commission. CytoDyn Inc (OTCQB:CYDY) is set to submit a clinical trial design to the US FDA to compare the effectiveness of leronlimab versus remdesivir, and in combination with remdesivir for the treatment of coronavirus (COVID-19), it told investors on Monday. It comes as the firm is currently enrolling patients in two clinical trials in a bid to combat the global killer virus. These are a Phase 2 randomized clinical trial for mild-to-moderate COVID-19 population and a Phase 2b/3 randomized clinical trial for those severely and critically ill in the USA. Phunware Inc (NASDAQ:PHUN) co-founder and CEO Alan S Knitowski said Monday that the company closed the first quarter with nearly $11 million in backlog as it successfully launched new Multiscreen-as-a-Service (Maas) platform products and solutions. In a statement accompanying Austin, Texas-based Phunware’s latest numbers, Knitowski said: “During extremely challenging times, we are successfully executing our operational model and business strategy to become the premier digital transformation source for mobile initiatives worldwide.” For its first quarter ended March 31, 2020, Phunware reported net revenue of $2.6 million with platform subscriptions and services contributing $2.4 million to the revenue figure. Helix Technologies Inc (OTCQB:HLIX) has reported a surge in gross profit and revenue in the first quarter of 2020 as it continues to expand its international footprint. The group, which provides comprehensive supply chain management, compliance tools, and asset protection for any license type in any regulated cannabis market, reported gross profits for the quarter of $2.3 million, 58% higher year-on-year, while revenues climbed 35% to $4.6 million. Adjusted earnings (EBITDA) improved to nearly breakeven in the quarter, swinging to a positive of $79,000 from a loss of $1 million in the first quarter of 2019. Cash flow from operations also jumped 69%.  Ximen Mining Corp (CVE:XIM) (OTCMKTS:XXMMF) has outlined its exploration plans for British Columbia this summer, with drilling in some areas is expected to start next month. The firm holds over 146 acres in some of the most prolific gold camps in the south of the province, it said in a statement. Ozop Surgical Corp (OTCMKTS:OZSC) updated investors about an order won by Power Conversion Technologies Inc (PCTI) - the private company it announced it was acquiring in February this year. The group said PCTI has received a follow-on purchase order for a DC power supply from the sister company of an existing client. That client is part of a major Asian based international conglomerate group of companies, which operate in numerous fields including electronics, renewable energy, chemicals and automotive. Mota Ventures Corp (CSE:MOTA) (OTCMKTS:PEMTF) has now entered a binding agreement to buy German psychedelic medicine company Verrian Ontario Ltd. On May 14, the firm announced it had signed a letter of intent to buy Verrian, which owns and operates an EU-GMP, ISO 14001 compliant 110,000 square foot facility in Radebuel, Germany that was a former pharmaceutical manufacturing centre. Both the facility and its equipment are independently valued at C$10.6 million, including an analytical laboratory, and full pharmaceutical manufacturing suite. Silvercorp Metals Inc (NSYEAMERICAN:SVM) (TSX:SVM) has amended its previously announced agreement with producer Guyana Goldfields Inc (TSE:GUY), which runs the Aurora gold mine in the South American country, valuing the latter company at around C$227 million. Under the upgraded terms, each Guyana Goldfields shareholder will now receive C$0.25 in cash and 0.1849 of a Silvercorp share, for a total consideration of C$1.30 per share, based on the volume-weighted average price for Silvercorp shares for the five trading days to May 14. The amendment was agreed after Guyana Goldfields received an unsolicited all-cash proposal from a third party, Silvercorp said. Milestone Scientific Inc (NYSEAMERICAN:MLSS) CEO Leonard Osser told shareholders Monday that the company is seeing growing interest in its CompuFlo CathCheck System, although he also acknowledged that the ongoing coronavirus (COVID-19) pandemic has temporarily halted the advancement of the system. The CompuFlo CathCheck System is a computer-controlled, real-time pressure-sensing technology designed to reduce failure rates and accidental punctures from epidural catheters. Osser noted that the system is in a pilot study at a leading US hospital that took interest because it minimizes contact between the patient and medical provider, “which is especially important during the COVID-19 pandemic.”  Aftermath Silver Ltd (CVE:AAG) (OTCQB:FLMZF) has completed the acquisition of an 80% stake in the Cachinal silver-gold project in Chile after a debenture retirement was triggered early.  The company on Friday announced it had reached an agreement to immediately retire the $1,075,000 balance of the $1,575,000 convertible debenture which was issued to Halo Labs Inc in October 2019 in consideration of the acquisition of the 80% interest in the project. To retire the obligations under the debenture, Aftermath Silver said it will issue 4 million common shares to Halo at the conversion price of $0.20. Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTTF) said it now expects to file its interim filings for the first quarter ended February 29 on or before June 13 after activities impacted by coronavirus required it to extend the preparation and filing period of the results. The company, which provides a leading online platform for cannabis products, accessories, and responsible education, said it was taking “extensive employee safety measures” which required more time, and that the release of its results was in accordance with the blanket relief of a 45-day extension, provided by Canadian Securities Administrators. CleanSpark, Inc. (NASDAQ:CLSK), a diversified software development and intelligent energy services company, has announced that it will be participating in the alphaDIRECT Virtual Conference Series on Wednesday, May 20, at 2pm Eastern Time. The group said Amanda Kabak, its chief technology officer and Principal Architect, will present on CleanSpark's innovative software technology platform, followed by a question and answer session. The presentation will be available for all investors and will be webcast live and archived for replay by visiting the alphaDIRECT Investor Center page at www.alphadirectadvisors.com. Kabak commented: "Distributed power is continuing to gain market share, and there is growing demand for software that can tie various energy-related resources into a single optimized solution." Investors interested in participating in this event must register using the following link: https://globalmeet.webcasts.com/starthere.jsp?ei=1321864&tp_key=67c9e0006d Seelos Therapeutics, Inc. (NASDAQ:SEEL), a clinical-stage biopharmaceutical company focused on the development of therapies for central nervous system disorders and rare diseases, has announced that it will participate in the Benchmark Company Healthcare House Call Virtual Video 1x1 Investor Conference, June 15-16, 2020. It said Raj Mehra, Ph.D., the company's chairman and CEO, will host meetings via conference calls. For additional information about the Benchmark Company Healthcare House Call Virtual Video 1x1 Investor Conference: https://benchmark-healthcare-house-call-virtual.events.issuerdirect.com/