NA Proactive news snapshot: Bioasis Technologies, Co-Diagnostics, AIM ImmunoTech, BioLargo, Tocvan Ventures UPDATE ...

NA Proactive news snapshot: Bioasis Technologies, Co-Diagnostics, AIM ImmunoTech, BioLargo, Tocvan Ventures UPDATE ...

Proactive Investors

Published

Bioasis Technologies Inc (CVE:BTI) (OTCQB:BIOAF) announced it has formed a research collaboration with Aposense Limited, an Israeli bio-pharmaceutical company specializing in development of novel drugs utilizing membrane electrical forces. Bioasis said the research partnership will focus on the delivery of small interfering RNA (siRNA) into the brain. Co-Diagnostics Inc (NASDAQ:CODX) CEO Dwight Egan told Yahoo! Finance that “we believe COVID-19 will be here till the end of time” -- and that means individuals and organizations will need quick and easy tests partnered with vaccines to return to normalcy. “We believe that the future of gold-standard PCR diagnostics will be defined by the convenience of at-home and point-of-care testing, which will be critical in achieving normalization,” Egan said Tuesday. “Our new platform, currently in development and subject to regulatory approval, will empower individuals and organizations to know their COVID-19 status quickly and accurately, with do-it-yourself tests that could be performed in multiple settings. We also believe that achieving normalcy will require a strong reliance on continued testing to augment proliferation of the COVID-19 vaccines, which we believe may take years to fully administer on a global scale.” AIM ImmunoTech Inc (NYSEAMERICAN:AIM) announced Wednesday that it ended 2020 with cash, cash equivalents, and marketable securities of $54.4 million. That’s a sizable increase compared to the $8.8 million in cash it recorded as of December 31, 2019, according to a statement. AIM also said research and development expenses for 2020 were $5.7 million, compared with $4.7 million for 2019. General and administrative expenses for 2020 were $8.7 million, versus $7 million in 2019. In addition, the company reported a net loss from operations for 2020 of $14.4 million, or $0.45 per share, compared with $9.4 million, or $2.58 per share, for 2019. Flushed with its cash runway, AIM in 2021 has been using its lead drug Ampligen in the fight against coronavirus (COVID-19) and cancer. BioLargo Inc (OTCQB:BLGO) posted full-year 2020 financial results that saw its consolidated revenue rise 31% year-over-year as its cleantech technologies gained commercial traction. For the year ended December 31, 2020, the Westminster, California-based company reported consolidated revenue of $2.43 million, a 31% increase compared to annual revenue in the year ended December 31, 2019. Meanwhile, for the fourth quarter ended December 31, 2020, BioLargo generated around $900,000 in company-wide revenue, a 36% increase compared to the third quarter of 2020. Tocvan Ventures Corp (CSE:TOC) (FRA:TV3) has provided an update on warrants exercised and closing of unit private placement noting that since the beginning of the fiscal year, September 1, 2020. It has had a total of 2.63 million previously issued warrants and options exercised for a total gross proceeds of $650,000. In addition, the company announced that it has closed its previously announced non-brokered private placement of units for gross proceeds of $746,801. The offering consisted of the issuance of an aggregate of 1,244,668 Units at a price of $0.60 per unit. Each unit consists of one common share and one common share purchase warrant. Each full warrant entitles the holder to acquire one common share at a price of $0.75, for a period of 18 months from the closing. Proceeds will be used to advance the Pilar Gold-Silver Project in Sonora, Mexico. “We are extremely pleased with the progress of Pilar, especially with our recent drilling success and we look forward to an active year of drilling as we continue to unlock the property-wide potential of Pilar,” said CEO Derek Wood.   Algernon Pharmaceuticals Inc (CSE:AGN) (OTCQB:AGNPF) (FRA:AGW) announced Wednesday topline data from the Phase 2b part of its Phase 2b/3 COVID-19 trial of NP-120 (Ifenprodil). The company said the purpose of the Phase 2b part of the study was to identify one or more approvable US Food and Drug Administration (FDA) endpoints that showed a strong enough signal to consider moving forward into a Phase 3 study. The company added that it intends to discuss the results of the trial with the FDA, once the final data set has been fully reviewed and intends to present the complete data set in a peer-reviewed journal at a later time. Red White & Bloom Brands Inc (CSE:RWB) (OTCQX:RWBYF) said its Platinum Vape brand achieved record sales of about US$6.5 million in Michigan during the month of February, representing a nearly 28% market share, according to Michigan Marijuana Regulatory Agency (MRA) data. The company also noted that its High Times product launch in Michigan is picking up speed, with more than 50 dispensaries expected to carry High Times branded products following its full launch. Cabral Gold Inc (CVE:CBR) (OTCPINK:CBGZF) reported new assay results from its ongoing drill programs at two targets on its flagship Cuiú Cuiú project in northern Brazil. The Vancouver-based junior said it had drilled a new mineralized vein at the previously untested Indio target, with intersections including 4 metres at 2.5 grams per ton (g/t) gold including 1 metre at 8.7 g/t gold in one hole. Another hole intersected 5 metres at 2.6 g/t gold, including 2 metres at 5.7 g/t gold, suggesting the presence of a previously unknown high-grade vein, according to Cabral. American Manganese Inc (CVE:AMY) (OTCQB:AMYZF) (FSE:2AM) and Kemetco Research Inc announced Wednesday the production of cathode precursor material directly from recycled lithium nickel cobalt aluminum oxide (NCA) cathode waste. The NCA cathode chemistry is produced by some of the largest battery manufacturers and commonly used in modern electric vehicle (EV) batteries, American Manganese said. The cathode precursor material, produced by the company's pilot plant project and specialized cathode reactor, was analyzed with scanning electron microscopy to verify the spherical morphology requested by a tier-one battery manufacturer. American Manganese said it will be producing a range of precursor samples to be evaluated in collaboration with the tier-one battery manufacturer. Hillcrest Petroleum Ltd (CSE:HEAT) (OTCMKTS:HLRTF) (FRA:7HI) announced that its shares have begun trading on the Canadian Securities Exchange (CSE) under the new symbol ‘HEAT’. Hillcrest said its move to the CSE signals an increased focus on its mission to accelerate the transition from fossil fuels to clean energy and advance the company’s technology portfolio. KushCo Holdings Inc (OTCQX:KSHB) and Greenlane Holdings Inc (NASDAQ:GNLN) announced Wednesday that they have reached a definitive merger agreement, under which KushCo will become a wholly owned subsidiary of Greenlane. The companies say the merger establishes a leading ancillary cannabis company serving a premier group of customers, which includes many of the leading multi-state-operators (MSOs) and licensed producers, the majority of the top smoke shops in the US and millions of consumers. The deal is expected to generate some $15 million to $20 million of annual run-rate cost synergies within two years, the companies said. Victory Square Technologies Inc (CSE:VST) (OTC:VSQTF) (FWB:6F6) announced Wednesday that its portfolio companies IV Hydreight Inc and Victory Square Health Inc are combining resources to create and expand Telehealth product offerings throughout Brazil. The partnership is expected to offer on-demand physicians, prescription services, cosmetic services, in-home consultations and full integration with insurance providers and proprietary testing services, among other services. Arcadia Biosciences Inc (NASDAQ:RKDA) (FRA:17D) posted fourth-quarter results on that saw its revenue rocket nearly 1,606% year-over-year on the back of demand for its new wheat and hemp products and several strategic transactions with Bioceres Crop Solutions (NYSEAMERICAN:BIOX). For the period ended December 31, 2020, the Davis, California-based company reported revenue of $7.1 million, compared to $416,000 in the fourth quarter of 2019. Similarly, the company clocked up annual revenue of $8 million in 2020, compared to $1.2 million during 2019. Arcadia’s revenue bump was powered by license revenue from deals with Bioceres in November last year.  Marble Financial Inc (CSE:MRBL) (OTC:MRBLF) (FRA:2V0) announced a referral agreement Wednesday with Loans Canada, offering its consumers Marble’s AI-driven financial wellness SAAS platform, MyMarble. Loans Canada is the nation's first loan comparison platform that empowers Canadians to make better borrowing decisions with financial literacy and transparency, the company said.  Essex Minerals Inc (CVE:ESX) (OTCQB:ESXMF) has signed a framework finance agreement with Zola Minerals Inc to boost its streaming or royalty capabilities. The company announced Wednesday that the agreement provides Essex the option to be Zola's exclusive financing partner for any current or future project in which Zola negotiates a stream or royalty financing agreement. Under the terms of the deal, Essex will incorporate a special purpose vehicle for the right to earn an 80% economic interest in the stream by arranging 100% of the project financing for those projects in which it chooses to partner. Renforth Resources Inc (CSE:RFR) (OTCQB:RFHRF) (FSE:9RR) on Wednesday updated on its ongoing drill program on the Victoria West target area of its Surimeau District Property, located south of Malartic, Quebec, and contiguous to the Canadian Malartic Mine. As of the end of day March 29, Renforth said it had completed four holes SUR-21-04, SUR-21-05 and SUR-21-06, SUR-21-07 in two fences and 813 meters (m) of drilling. The company said the visual results obtained in SUR-21-04 through SUR-21-07 reveal the presence of nickel, copper, and zinc sulphide mineralization hosted primarily in bands of graphitic siltstones and quartzites within thick bands of ultramafics -- as also observed in the holes drilled in fall 2020. Vox Royalty Corp (CVE:VOX) announced Wednesday that it has entered into a binding agreement with Yilgarn Iron Pty Ltd (a subsidiary of Mineral Resources Limited) under which Vox will extinguish the outstanding balance of the Koolyanobbing royalty pre-payment through a A$1,782,032 cash payment. In a statement, Vox said the Koolyanobbing royalty is an uncapped royalty of 2% on the average/tonne Free on Board (FOB) sales value of iron ore extracted from the Deception Deposit on mining lease M77/1258. Vox said royalty revenue forecasted for 2021 ranges between A$600,000 to A$800,000. Cloud Nine Web3 Technologies Inc (CSE:CNI) (OTCMKTS:CLGUF) said it was taking part as the official DeFi Education Partner of this year's Fintech & Financing Conference and Expo (FFCON21): Breaking Barriers, which is taking place on-line on May 11 to 13, 2021. Now in its seventh year, FFCON21 represents an expanded gathering of stakeholders and global participants in fintech, blockchain, crypto, digital banking, AI, payments, wealthtech, regtech and alternative finance who come together to strengthen Canada’s tech ecosystem. "Education is essential for growing adoption of innovative technologies and we are honored to have Cloud Nine on board as the official DeFi Education Partner at FFCON21," said Craig Asano, founder and CEO of the National Crowdfunding & Fintech Association (NCFA). "Their support helps us provide strong and interactive educational content." Registration for FFCON21 Breaking Barriers is open and tickets can be purchased HERE.  BioHarvest Sciences Inc (CSE:BHSC) (OTCMKTS:CNVCF) (FRA:8MV) is inviting shareholders and the general public to join a Live Video Conference (webinar) on Thursday, April 8, 2021 at 2pm ET (11am PST). BioHarvest Sciences CEO Ilan Sobel will host the event, which will include a look forward to the imminent e-commerce launch for VINIA in the United States, a review of Q1 2021 Israel sales orders performance, and a discussion of progress on the BioHarvest 2021 Growth Plan. The presentation will last around 35 minutes, followed by a live question and answer session. All registrants will be emailed a recording of the session. Register HERE. Globex Mining Enterprises Inc (TSE:GMX) (OCTMKTS:GLBXF) provided a shareholder update on its recent resource royalty transactions, which included the receipt of an initial $250,000 cash payment from Electric Royalties Ltd (CVE:ELEC) (OTCMKTS:ELECF). Electric Royalties now has 90 days to undertake due diligence and fund raising to finalize its purchase of Globex’s Mid-Tennessee zinc royalty. Exro Technologies Inc (CVE:EXRO) (OTCQB:EXROF) (FRA:1O2), which has developed a new class of power electronics for electric motors and batteries, announced Wednesday that it is launching a new facility in Calgary with automotive class manufacturing. The Calgary, Alberta-based clean technology company pioneering intelligent control solutions in power electronics, said the new facility will feature 37,000 square feet of production lines, product showrooms, and office spaces capable of producing units for the entire Coil Driver product line. This will bring new clean technology jobs to Calgary across functions like engineering, operations, and supply chain. African Gold Group Inc (CVE:AGG) (OTCMKTS:AGGFF) (FRA:3A61) hailed more positive results from metallurgical testing on sulphide material from its Kobada project in Mali, which means the company can convert some of its existing resources into reserves. Also in Wednesday's statement, the company updated on corporate matters and management changes, including the appointment of a new chief financial officer,  Paul Bozoki  who replaces Ryan Ptolemy. Loop Insights Inc (CVE:MTRX) (OTCQB:RACMF) announced that it will provide its real-time data collection, insights and engagement solutions to Data Clymer’s growing list of clients, including its leading clients in professional sports and live entertainment. Loop said Data Clymer has significant experience in live sports and entertainment, including clients in Major League Baseball and the National Football League that are now demanding more flexibility with their data and analytics systems. Specifically, current “black-box” customer data platforms are creating bottlenecks for organizations, leading to poor customer experiences. As a result, when integrated with Data Clymer’s existing technologies, Loop will provide its solution for professional sports teams, leagues, stadiums, and venue operators seeking to aggregate and action the countless data points generated by today’s live sports and entertainment venues. Willow Biosciences Inc (TSE:WLLW) (OTCQX:CANSF) has completed the first commercial scale fermentation run of cannabigerol, or CBG, it announced Wednesday. The news comes after Willow had already executed successful pilot production runs to optimize its process and provide samples of CBG to customers. Vancouver-based Willow is pioneering a process to develop and produce high-purity, plant-derived cannabidiols for consumer packaged goods and pharmaceutical industries. Codebase Ventures Inc (CSE:CODE) (FSE:C5B)(OTCQB:BKLLF) said it is updating its blockchain ecosystem investment strategy as the company and its advisors actively explore non-fungible tokens (NFTs) to secure prime assets in the space.  NEXE Innovations Inc (CVE:NEXE) (OTCMKTS:NEXNF) (FRA:NX5) announced Wednesday that it is on track to launch its Xoma Superfoods store on April 6, featuring its XOMA Coffee Fortified with MCT. The company also said that its second formulation, Mindful Mushroom, will be available to order in the store during the week of April 11. Mindful Mushroom is a dark roast coffee fortified with chaga, cordyceps and lion's mane, and the company said that mushroom-fortified products are growing in popularity and are a source of fibre, protein, and antioxidants. NEXE said the ecommerce store will offer Xoma Superfoods coffee products packaged in NEXE's fully compostable, plant-based capsules, which are compatible with Keurig single-serve coffee brewing systems. Each will be available in 12-count packages. Talon Metals Corp (TSE:TLO) told investors that it is continuing to intersect nickel-copper mineralization outside of the defined resource at its Tamarack project in Minnesota. New results released Wednesday included intersections of 34.3 meters of nickel-copper mineralization starting at 142 meters, including 5.1 meters of mixed and massive sulphide mineralization starting at 171.3 meters; and 20.9 meters of nickel-copper mineralization starting at 148.6 meters, including 0.7 meters of mixed and massive sulphide starting at 168.8 meters. In total, the resource company revealed similar intersections for eight drill holes. Melkior Resources Inc (CVE:MKR) (OTCMKTS:MKRIF) (FRA:MEK1) updated on drilling at its Carscallen gold project in Ontario, which is being advanced by partner and operator Kirkland Lake Gold (TSE:KL) (NYSE:KL) (FRA:NGDA). High grades were received in the latest assays from seven holes from 4,440 meters (m) of drilling, now completed, which was less than a previously announced 6,660m extension due to a drill permit limitation. Highlights included 14.76 grams per ton (g/t) gold over 2m from 480.9m depth, which included an intercept of 60.5 g/t of the yellow metal over 0.5m. Esports Entertainment Group Inc. (NASDAQ: GMBL) (NASDAQ: GMBLW), an esports and online gambling company, announced its participation in Noble Capital Markets' Virtual Road Show Series, presented by Channelchek, scheduled for today, March 31, at 1:00 p.m. ET. The virtual road show will feature a corporate presentation from Esports Entertainment Group CEO Grant Johnson, followed by a Q & A session proctored by Noble Senior Research Analyst Michael Kupinski, featuring questions submitted by the audience. Registration is free and open to all investors.  BioLargo Inc (OTCQB:BLGO) will host an investor webcast and conference call on Wednesday March 31, 2021, at 2:00PM PT/5:00PM ET, open to the public. BioLargo will issue full-year 2020 results after the market closes on Tuesday, March 30, 2021. A webcast and conference call will be held to review the company's financial results, discuss recent events, and conduct a question-and-answer session. The webcast, accompanying presentation materials, and teleconference replay will be made available on the Investor Relations section of BioLargo's website at biolargo.com/investor-relations. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time to register, download, and install any necessary audio video software.  Domestic teleconference is accessible at 844-369-8770 and international at 862-298-0840. KULR Technology Group Inc (OTCQB:KULR) announced that its management had hosted a conference call on Monday, March 29, 2021 to answer shareholder questions and to review its financial results for the fourth quarter of fiscal year 2020. The transcript and audio stream are available for replay on the company's website HERE. Hill Street Beverage Company Inc (CVE:BEER) (OTCMKTS:HSEEF) said six directors had been elected by shareholders at its AGM, which was held on March 30, 2021. Kevin Ruddle, Jack Fraser, Lori Senecal, Craig Binkely, Rudy Sawatzky and Raymond Bisaillon were elected. A total of 89 shareholders present in person or represented by proxy and representing 53,642,486 common shares representing 37.7% of the issued shares of the company were represented at the meeting. KWESST Micro Systems Inc (TSXV:KWE) (OTCQB:KWEMF) has retained Generation IACP Inc to provide market-making services in accordance with TSX Venture Exchange policies. IACP will trade the securities of KWESST on the TSX-V for the purposes of maintaining an orderly market. In consideration, KWESST will pay IACP a monthly cash fee of $7,500 for a minimum term of six months and renewable thereafter. IACP will not receive shares or options as compensation. The capital used for market making will be provided by IACP. Benchmark Metals Inc (CVE:BNCH) (OTCQB:CYRTF) (FRA:87CA) told investors there is potential to add "additional near-surface, open-pittable gold and silver ounces" at its AGB deposit at the Lawyers project in BC following the latest drill results. A broad zone of strong mineralization is emerging at the southern part of the over 650 metres (m) long AGB zone, which remains open at depth and along strike, the company said. Xigem Technologies Corp (CSE:XIGM) (FRA:2C1) has hired three arm's length firms to provide investor relations (IR), media and marketing services for the company. Proactive Investors is providing global market awareness and editorial services for one year. Aktiencheck.de AG, of Westerburg, Germany, is providing European market awareness and media advisory services for an unspecified period of time. Messina Consulting, of Bremen, Germany, will provide European market awareness, media buying and public relations services over a six-week period beginning in April, 2021. OTC Markets Group Inc (OTCQX:OTCM) said Organic Garage Ltd (TSX-V:OG) (OTCQX:OGGFF) (FRA:9CW1), one of Canada’s leading independent organic grocers, has qualified to trade on the OTCQX Best Market, upgrading from the Pink market.  Aurion Resources Ltd (TSXV:AU) (OTCQX:AIRRF) (FRA:8RA) has reported that Mike Basha has resigned as president, director, and officer of the company for personal reasons and has agreed to consult as a technical advisor on an ongoing basis.  Mandalay Resources Corporation (TSE:MND) (OTCQB:MNDJF) announced that it has filed its Annual Information Form for the year ended December 31, 2020. The Annual Information Form can be accessed under the Company’s profile at www.sedar.com and on the Company’s website at www.mandalayresources.com. Mandalay has also filed an updated National Instrument 43-101 compliant Technical Report documenting its recent work at its Björkdal gold mine in Sweden and its Costerfield gold-antimony mine in Australia. These Technical Reports can be accessed under the Company’s profile at www.sedar.com and on the Company’s website at www.mandalayresources.com.        

Full Article