NA Proactive news snapshot: CleanSpark, Adastra Labs, AEX Gold, Vuzix Corporation ...

NA Proactive news snapshot: CleanSpark, Adastra Labs, AEX Gold, Vuzix Corporation ...

Proactive Investors

Published

CleanSpark Inc (NASDAQ:CLSK) reported a 122% surge in its fiscal 2020 revenue to more than $10.0 million, the third consecutive year in which the company’s revenues have more than doubled.  CleanSpark, which develops software to help companies become more energy-efficient, also said its gross margin for the period increased 21.1% to $2.12 million, driven largely by increased high-margin revenues derived from its software services and related revenue, while its net loss improved by $2,770,780 from 2019.  Adastra Labs Holdings Ltd (CSE:XTRX) (FRA:D2EP), the cannabis processing and analytical testing services company, announced on Friday that it has signed a joint venture agreement with JOYN Botanicals Limited for the exploitation of JOYN's patent-pending soluble cannabis powder. The Langley, British Columbia-based cannabis company said that Adastra and JOYN have incorporated Solucann Holdings Limited in an equal equity ownership shareholder agreement. JOYN has exclusively licensed its patent-pending soluble cannabis powder intellectual property “for five years to Solucann Holdings Canada-wide for development and launching products that will channel the disruptive technology,” said the company.  AEX Gold Inc (LON:AEXG) (CVE:AEX) said it has increased the size of the exploration licence at its Anoritooq project to 1,889 square kilometres (sq km), bringing its total ground in south Greenland now to 3,870 sq km. The newly granted area is underexplored and prospective for gold, with several historic stream sediment and heavy mineral concentrate gold anomalies indicating discovery potential. "I am very pleased to be able to announce this expansion of the Anoritooq licence. Early indications are that Anoritooq shows very similar geography to our Vagar licence, one of the most exciting exploration targets in our current portfolio with numerous high-grade discoveries, including an historic grab sample grading 2533 g/t gold. This region will be the focus of our exploration efforts next year," said CEO of AEX Eldur Olafsson in a statement. Vuzix Corporation (NASDAQ:VUZI) (FRA:V7XN) said Thursday that its augmented reality-based smart glasses remote training program has been deployed by Envirotainer, the largest provider of temperature-controlled air freight solutions for drug makers, to support its fleet in shipping COVID-19 vaccines. The Rochester, New York-based company said the remote training program with its flagship Vuzix M400 Smart Glasses supported Envirotainer’s fleet of more than 6,000 active temperature-controlled containers, which are being used to transport COVID-19 vaccines, as well as other pharmaceuticals.  Empower Clinics Inc (CSE:CBDT) (OTCQB:EPWCF) (FRA:8EC) is poised to acquire Momentum Health in a deal worth C$350,000, providing the company with a growing accretive business, seven clinics in the Greater Toronto area, and immediate plans to expand a winning model across Canada.  Momentum Health operates a network of medical clinics, which offer a holistic and hands-on approach. Key services include physiotherapy, chiropractic, massage therapy and traditional Chinese medicine. It has two standalone wellness clinics and five new co-located clinics in the Greater Toronto Area, giving Empower immediate access to over 20,000 patients. Antibe Therapeutics Inc (TSX:ATE) (OTCQB:ATBPF) (FRA:4B7), a clinical-stage company leveraging its hydrogen sulfide platform to develop safer medicines for pain and inflammation, wants to unify the intellectual property (IP) ownership of its drugs and platform. In a statement Friday, the company said it has commenced preliminary discussions to amalgamate with Antibe Holdings Inc. The company said it believes that such an initiative would unlock value for potential partners and investors, while simplifying IP protection for pipeline expansion efforts now underway. Loop Insights Inc (CVE:MTRX) (OTCQB:RACMF) said Friday that the National Collegiate Athletic Association (NCAA) has conclusive evidence that a Venue Bubble is effective after recently turning to the company and its turnkey venue-tracing solution. NCAA executed not one but two bubbles to safeguard all involved in basketball games held during 10 days in Nevada (#VegasBubble) and Florida (#BeachBubble), the company said in a statement. Loop Insights also announced the availability of a broadcast titled “Loop Insights Achieves World Recognition After First-Ever Fully Integrated COVID-19 Testing, Tracing, Fan-Engagement Solution for NCAA.”  Gold Resource Corporation (NYSEAMERICAN:GORO) announced on Friday that its board has approved the spin-off of Fortitude Gold Corporation and declared a pro-rata distribution of 100% of the outstanding common stock of Fortitude Gold to shareholders of Gold Resource Corporation. The gold and silver explorer and producer with operations in Oaxaca, Mexico said its Board of Directors has established the record date as the close of business on December 28, 2020, and the distribution date as the close of business on December 31, 2020. As a result of the distribution, Gold Resource shareholders of record will receive one share of Fortitude Gold for every 3.5 shares of Gold Resource Corporation common stock they hold. Nano One Materials Corp (CVE:NNO) (OTCPINK:NNOMF) (FRA:LBMB) announced Friday that it has entered into a cathode evaluation and benchmark agreement with a multinational auto manufacturer to jointly evaluate Nano One's cathode materials for automotive lithium-ion batteries.  Financial compensation towards the project is confidential, Nano One noted in a statement. "The goal of this project is to evaluate the performance and commercial benefit of Nano One's patented One-Pot process for nickel-rich and cobalt-free cathode materials in electric vehicle applications," said Hamutal Ben Bassat, VP of business development for Nano One.  EdtechX Holdings (NASDAQ:EDTXU), the world’s only innovative investment platform focused on the future of education and work, said it listed a second SPAC IPO, EdtechX Holdings Acquisition Corp II on Nasdaq on Friday, December 11.  According to its filed prospectus, the SPAC intends to invest in companies in the private education, training and education technology sectors, with targets ranging from $400 million to $2 billion in entreprise value. Targets will be located predominantly in the US, and also in Europe and Asia (excluding China). The listing follows the successful IPO of EdtechX Holdings Acquisition Corp I, the world’s first education technology special purpose acquisition company, in October 2018. Ceylon Graphite Corp (CVE:CYL) (OTCMKTS:CYLUF) (FRA:CCY) has bolstered its team as the miner continues to advance its activity in Sri Lanka. Janaka Rathnayake will become general manager of operations for group subsidiary Sarcon Development and will be responsible for all exploration and mining-related business in Sri Lanka. Dr H.M Ranjith Premasiri becomes senior consultant geologist and will guide and lead Sarcon’s team as it expands its business footprint in Sri Lanka.  Altamira Gold Corp.(CVE:ALTA) said the TSX Venture Exchange has accepted for filing an assignment and transfer of mining rights agreement dated April 6, 2020, among Alta Floresta Gold Mineracao Ltda., Para Alta Floresta Gold Mineracao Ltda. Epp -  subsidiaries of Altamira Gold Corp. -  and Mineracao Do Para Ltda. (MAP), whereby the subsidiaries will transfer the mineral rights to the Crepori gold project, located in the state of Para, Brazil, to MAP for a cash consideration of $500,000, subject to a 4% net smelter return (NSR) royalty to the company. GlobeX Data Ltd. (OTCQB:SWISF)(CSE:SWIS), the leader in Swiss hosted secure data management and secure communications, said it granted on December 17, 2020, subject to any necessary regulatory approvals, incentive stock options to purchase in aggregate 3,210,000 shares of its common stock. Of such options, 2,670,000 were granted to a group of three officers and directors, while 520,000 were granted to a group of consultants and 20,000 were granted to an employee of the accounting firm of the company. 370,000 of said options were granted under the company's stock option plan and are exercisable until June 1 2021, and 2,840,000 of said options were granted under the company's stock option plan and are exercisable for a period of five years at a price of C$0.12 per share. They are subject to the company's customary vesting policy American Manganese Inc (CVE:AMY) said the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on December 11, 2020, which will see the issue of 521,000 flow-through shares at a purchase price of 24 cents per share, together with 521,000 share purchase warrants with an exercise price of 30 cents for a two-year period with one placee. Pacton Gold Inc (CVE:PAC) said the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on December 7, 2020, which will see the issue of 1,807,778 non-flow-through shares at a purchase price of 90 cents per share, together with 1,807,778 share purchase warrants at an exercise price of $1.25 for a two-year period, subject to an acceleration clause, plus 2.01 million flow-through shares at a purchase price of $1 per share with 13 placees. OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for over 11,000 U.S. and global securities, has announced that Acquired Sales Corp. (OTCQX:AQSP), an investment company focused on hemp-derived, cannabinoid-infused products, has qualified to trade on the OTCQX Best Market and has upgraded today from the OTCQB Venture Market. Graduating to the OTCQX Best Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors. To qualify for OTCQX Best Market, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. William C. "Jake" Jacobs, AQSP's President and CFO, commented "We are thrilled to join the top-tier OTCQX Best Market. Acquired Sales Corp.'s wholly-owned subsidiary, Lifted Made, led by its CEO Nicholas S. Warrender, has been rapidly growing sales under its flagship brand Urb Finest Flowers, and continues to roll out innovative hemp-derived delta 8 THC and CBD products. Moreover, we are excited for the launch of our flavored tobacco-free nicotine pouches, which will be sold by SmplyLifted LLC, our 50-50 joint venture with SMPLSTC, Orange County, CA under the brand name "FR3SH". OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, has announced that MBH Corporation Plc (FRA:M8H) (OTCQX:MBHCF), a diversified investment holding company, has qualified to trade on the OTCQX Best Market. Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets. 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. Callum Laing, CEO, MBH Corporation, commented: "We see great opportunities arising from trading on OTCQX. It brings us closer to the many great small businesses in the US looking to join MBH and makes it easier for the many US investors to find and join us on this journey." Energy Fuels Inc. (NYSEAMERICAN:UUUU) (TSX:EFR) has announced the availability of a broadcast title: “It’s Elemental — Restoring the U.S. Rare Earth Element Supply Chain.” To hear the AudioPressRelease, investors can visit: https://nnw.fm/7GSZE

Full Article