Pharma & Biotech
Pharma & Biotech
17:00 Thu 22 Sep 2022
A glance at some of the day’s highlights from the Proactive Investors US and Canada newswires
Reunion Gold Corporation (TSX-V:RGD, OTCQB:RGDFF) interim CEO Carlos Bertoni presented at the Precious Metals Summit in Denver last week. A recording of the event can be found here.
Infinity Stone Ventures Corp (CSE:GEMS) has announced that its common shares will begin trading on the OTCQB Venture Market (OTCQB) in the US under the ticker symbol ‘TLOOF’ at the market open on Friday, September 23. The company said its shares will continue trading on the Canadian Securities Exchange under the symbol ‘GEMS’.
Viscount Mining Corp (TSX-V:VML, OTCQB:VLMGF) revealed it is putting together a drill program after Quantec Geoscience identified a possible porphyry metal system at its Silver Cliff project in the historic Hardscrabble silver district in Colorado, USA. The company hired Quantec earlier this summer to carry a five-line TITAN MT survey over the Silver Cliff caldera at the Passiflora target at the property. The work identified a zone of “extremely low resistivity in the Silver Cliff caldera”, said Viscount, adding that the main body of the conductive anomaly started at a depth of around 450 metres (m) and continued another 1.5km – possibly deeper as this was the extent of the MT survey depth capability.
Todos Medical Ltd announced it has signed a contract worth $50 million with CBD retail distributor Nerd Hemp Inc to supply its lead product Tollovid and botanical ‘0% THC’ CBD products in pill, tincture, gummy, candy and cream finished products. Nerd Hemp is an automated retail machine company focused on the distribution of CBD products. Nerd Hemp’s retail machines are similar to vending machines, but use artificial intelligence (AI) to monitor product supply to optimize the re-ordering and stocking process.
Thunderbird Entertainment Group Inc (TSX-V:TBRD, OTCQX:THBRF)’s unscripted division Great Pacific Media is revving up for the release of the latest season of Highway Thru Hell, which is set to premiere on Bell Media’s Discovery on September 26 at 9pm ET/6pm PT, moving up from its previous 10pm ET timeslot. According to the company, Season 11 of Highway Thru Hell tests roads and communities like never before as the unprecedented weather disaster of the 2021 British Columbia floods hits home for heavy recovery operators, highway crews, and first responders. Series producer Nicole Tomlinson said over the last decade Highway Thru Hell had given audiences a striking picture of the challenges and danger inherent in keeping people and goods on the move, but this season was truly like no other.
Progressive Planet Solutions Inc (TSX-V:PLAN) has commenced low-carbon cement field trials and Ag-Tech plant construction, the company announced. Earlier this month, the company received and commissioned a custom-designed batch ball mill it had ordered in January. The new mill allows Progressive Planet to produce more than 500 kilograms (kg) of material per day, whereas before it could only produce lab scale quantities of 100 grams per day.
GlobalBlock Digital Asset Trading Ltd (TSX-V:BLOK, OTC:BLVDF) has announced that the launch of its mobile trading app in late July 2022, on both Apple’s App store and Google’s Play store, has started to yield significant new client sign-ups for the company’s wholly-owned operating GlobalBlock Europe, UAB (GBE) subsidiary, a digital asset broker. The provider of personalized telephone brokerage service, trading platform and mobile app for cryptocurrencies said 1,288 downloads were registered during August 2022, and GBE has doubled its existing client base. The conversion rate of people who downloaded and proceeded to fully KYC (Know Your Customer) completed clients is 9% and the rate of download to registration is 26%, according to a statement.
Nextleaf Solutions Limited, a manufacturer and distributor of cannabis extracts including vapes, oils, and softgel capsules, announced the launch of its exciting new brand High Plains. The Vancouver, British Columbia-based company said High Plains targets cannabis consumers searching for high flavour profile products, with premium ingredients and hardware components. The brand will feature a consistent rotation of new flavours and limited drop offerings at competitive prices, the company added. High Plains will launch four initial one gram vape cartridge stock keeping units (SKUs) with flavour profiles including Fruitquake, Cotton Cannon, Wild Watermelon, and Blueberry Dream.
Maple Gold Mines Limited reported initial assay results from the first drill hole of the company’s approximately 4,700-metre (m) Phase II drill program at its Eagle Mine property in Québec, Canada. In the same statement, the Canadian advanced exploration company also announced that Kiran Patankar will replace Gregg Orr as the company’s chief financial officer (CFO). “These initial Phase II assays include the best result thus far from our 2022 drilling at Eagle and the location of the intercept holds great significance for our exploration targeting, including Phase III drilling later this year,” said Maple Gold CEO Matthew Hornor. According to the advanced exploration company, Drill Hole EM-22-009 intersected 11.4 grams per tonne (g/t) gold (Au) over 3 meters, including 24.4 g/t Au over 1 meter.
Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has signed a three-year deal to supply battery grade cobalt to LG Energy Solution, a manufacturer of lithium-ion batteries for electric vehicles, the company announced. Electra agreed to supply 7,000 tonnes of battery grade cobalt from 2023 to 2025. The material will be supplied from the only cobalt sulfate refinery in North America, located north of Toronto. Specifically, the company will supply 1,000 tonnes of cobalt contained in a cobalt sulfate product in 2023 and another 3,000 tonnes in 2024 and 2025.
Numinus Wellness Inc has announced the opening of a new clinic with expanded capacity in Montreal to replace an existing downtown clinic. The new site in the Plateau neighbourhood will offer ketamine treatments, including a wider assortment of ketamine-assisted therapy options, said the mental healthcare company advancing psychedelic-assisted therapies. “Numinus recognizes that people in Montreal can benefit from having more treatment options, including ketamine,” Numinus founder and CEO Payton Nyquvest said in a statement.
Kidoz Inc said it has adjusted its 2022 revenue guidance to $16-$18 million, representing approximately 35% year-over-year growth, against a backdrop of macro challenges, including a heightened risk of recession, persistently high inflation, rising interest rates, and a general contraction in advertising demand, particularly in the North American market. The global adtech company said it expects the 2022 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to remain positive for the third year in a row. “We believe that this effect is temporary,” the company said in a business update spurred by the TSX Venture Exchange’s recent approval of its Normal Course Issuer Bid, a process in which it may, under certain circumstances, repurchase up to 5% or 6,579,074 of its issued and outstanding common shares for cancellation.
Power Nickel Inc (TSX-V:PNPN) told investors it has started a second round of drilling at its Nisk project in the James Bay region of Quebec, which it believes could become Canada’s next nickel mine. The drilling comes after the filing, announced on August 30 this year, of the initial NI 43-101 mineral resource estimate (MRE) for the asset. “We are very excited to get back to drilling and building on our resource at Nisk,” said Terry Lynch, the CEO of Power Nickel in a statement. “The initial round of drilling was done largely to verify the historic resource and allow us to post the inaugural NI 43-101 Technical Report and MRE.”
Nextech AR Solutions Corp announced that it has launched its groundbreaking Toggle3D, a new artificial intelligence (AI) powered software as a service (SaaS) platform that enables the creation, design, configuration, and deployment of 3D models at scale. The augmented reality (AR) experience technologies and 3D model services provider said it views the launch as a “major milestone” on its way to becoming the dominant 3D model platform and looks forward to Toggle3D becoming a new high margin engine of growth.
Talon Metals Corp has unveiled a new record drill result from a hole at its Tamarack project in Minnesota, which showed 6.04% nickel (Ni) and 2.85% copper over a length of 23.44 meters (m). The intercept was hit starting at 453.73m depth and also showed 0.12% cobalt, 0.49 grams per ton (g/t) palladium, 0.62 g/t platinum and 0.35 g/t gold (7.58% nickel-equivalent and 20.20% copper-equivalent). It was one of the assays Talon has reported from 17 new holes sunk on the western side of the Tamarack resource area (the Main Zone).
American Resources Corporation (NASDAQ:AREC) said its subsidiary, ReElement Technologies LLC, has signed a memorandum of understanding with USA Rare Earth Magnets LLC to supply recycled, high-purity rare earth oxides for its Stillwater, Oklahoma magnet manufacturing facility. Once fully commissioned, the Stillwater facility should be the first fully domestic rare earth magnet manufacturer in the United States, according to American Resources. American Resources CEO Mark Jensen said his company met with the USA Rare Earth Magnets team over the past year, including at the ReElement rare earth and critical battery element purification facility in Noblesville, Indiana.
Zoglo’s Incredible Food Corp has announced that three of its plant-based products will be available for purchase at 121 Save-on-Foods supermarket stores across Western Canada beginning in the fall of 2022. The plant-based food company said the 121 Save-on-Foods stores will carry Zoglo’s plant-based Cutlet, 3-Mushroom Burger and Meatballs. “We are extremely excited to bring Zoglo’s delicious and nutritious offerings to Save-on-Foods – a staple supermarket chain of Western Canada,” Zoglo’s Incredible Food CEO Jim Delsnyder said in a statement.
CO2 GRO Inc (TSX-V:GROW, OTCQB:BLONF) its corporate development manager Dil Vashi will be speaking at gasworld’s CO2 Summit in Chicago. The event is being held at the Chicago Marriott Downtown Magnificent Mile with the support of several exhibitors, sponsors, and delegates. Passes to the event sold out soon after going on sale. With leading publishing house gasworld organizing the event, several prominent leaders in the agriculture and agtech space were drawn to speak at the event, including Compressed Gas Association President & CEO Rich Gottwald and Illinois Craft Brewers Guild Executive Director Ray Stout. The topic for Vashi’s presentation is “Enhancing Global Food Production with CO2”. Vashi will focus on the positive effects of CO2 GRO’s technology in enhancing food production and the importance of optimizing CO2 delivery for covered crop growers. “I’m excited to be at the CO2 Summit,” said Vashi. “There is a strong presence of potential partners at the event who can appreciate the value of what we do. By leveraging gasworld’s platform, I hope we’ll be able to share some new ideas with delegates and open up avenues for conversations about synergistic growth.”
Think Research Corporation (TSX-V:THNK, OTCQB:THKKF) has announced the appointment of John Hayes as the company’s permanent chief financial officer (CFO) after working with the board and senior management as interim chief financial officer. The healthcare technology firm also said Patrick Craib has been promoted to the position of chief operating officer (COO) after helping the company to recognize C$9 million in cost savings and integration synergies over the past year.
Hapbee Technologies Inc (TSX-V:HAPB, OTCQB:HAPBF) announced the addition of “Routines By” Major League Baseball pitcher Grant Dayton to its growing library of wellness routines available for use by all Hapbee subscribers in the Hapbee Digital Wellness App. The company said Dayton, who has spent time with the Miami Marlins, Atlanta Braves and Los Angeles Dodgers during his career, has been a Hapbee user since 2021. He began using Hapbee while a member of the Braves pitching staff and discovered it helped him optimize his sleep, especially after strenuous games, during long flights, and after training sessions, when restorative rest and deep sleep were most critical and most difficult to achieve, according to Hapbee.
Yorkville Asset Management Inc has announced the acquisition of industry-leading provider of physiotherapy, massage, active rehabilitation, occupational therapy, psychological services, and multidisciplinary treatment programs, Back in Motion Health (BIM). The company said it has acquired BIM on behalf of its Yorkville Health Care Fund and its private placement investments, Yorkville Private Equity LP and Yorkville Private Lending LP. Based in British Columbia, BIM is dedicated to helping people live better healthier lives, providing accessible and evidence-based healthcare services for a range of customers, including individuals, WorkSafeBC, insurance companies, government, and employers.
Global Energy Metals Corporation announced it has snagged a speaking position at the upcoming Aspermont hosted Future of Mining Americas Conference being held in Denver, Colorado September 26th and 27th. Mitchell Smith, GEMC’s CEO, will join a panel of industry leaders specializing in the minerals and technologies critical to the electrification process on the 45 minute panel session, “Meeting the Demand for Sustainable Mining and Critical Minerals with Mining 4.0” taking place on Monday September 26th at 10:10am CST. Participants will hear industry experts speak to the gap between the current demand and faltering supply and how industry and government must support this pivotal movement should the Americas be competitive in the battery supply chain. For those attending the conference who would like to schedule a meeting with Mitchell during the event or alternatively would like to schedule a one-on-one meeting outside of the event, please do so by email at firstname.lastname@example.org or phone at +1 (604) 688-4219.
Braxia Scientific Corp said that Leann Taylor, president and chief operating officer of KetaMD Inc has joined its board of directors. KetaMD, a telemedicine platform recently acquired by Braxia, provides access to at-home ketamine treatments for people suffering from mental health disorders such as depression, bipolar disorder, anxiety and posttraumatic stress disorder (PTSD). KetaMD currently operates in the state of Florida, but a rollout to other states is planned this year.
American Manganese, doing business as RecycLiCo Battery Materials, has announced that its founder, president and chief executive officer Larry W Reaugh has passed away. Reaugh was “an accomplished and well-known figure in the mining industry”, who was instrumental in turning the company’s proprietary hydrometallurgical process from a manganese recovery technique to an innovative battery recycling-upcycling solution, known as the RecycLiCo patented process, the company said. It has appointed Zarko Meseldzija, currently a director and its chief technology officer, as interim CEO, while director Paul Hildebrand will become interim chair of the board. Chief financial officer Shaheem Ali has been appointed a director to fill the vacancy on the board.
LithiumBank Resources Corp (TSX-V:LBNK) has commenced a hydrogeological study at its Park Place Lithium Brine Project, formally known as Fox Creek, in west-central Alberta. Geologically, the area is underlain by the prospective Leduc Carbonate Reef complex and Beaverhill Lake Group, the company said. The study will utilize pre-existing data to determine porosity, permeability, transmissivity and volume estimates of lithium-bearing brine. Results from the study are expected to be used to complete a NI 43-101 mineral resource estimate.
Fireweed Metals Corp (TSX-V:FWZ, OTCQB:FWEDF) said it has bolstered its board with the appointment of Jill Donaldson as an independent director. Donaldson is a senior corporate and securities lawyer with extensive experience working in mergers and acquisitions, capital markets, strategic planning, stakeholder relations, compliance and risk management. She was a director at Great Bear Royalties Corp and chair of its special committee with respect to its recent acquisition by Royal Gold.
Perk Labs Inc has beefed up its sales team with the addition of Manon Roy as its new director of sales. Roy has over 15 years of B2B sales experience and worked with leading companies, building relationships with key decision-makers at major brands, according to Perk Labs. She has sold enterprise software, SaaS, professional services, IT solutions, web-based marketing platform solutions, and custom development solutions.
Universal Ibogaine Inc (TSX-V:IBO) has said its research and development clinic in Winnipeg, the Kelburn Mental Health and Addiction Recovery Centre, is scheduled to reopen and commence business operations on October 17, 2022. In a statement, Dr Ian Rabb, Universal Ibogaine chief clinics officer, said: “Progress is going remarkably well on the renovations and program development, we have key hires in place, and we are excited to open and start helping people again. We are looking at about 50% of our expanded occupancy when we open the doors again in October as of today.” He added: “We have a large referral network for clients, and the situation with the addiction and opioid crisis is still only getting worse by the day so we will likely be full pretty quickly.”
Plurilock Security Inc said it has completed the first sale of its new cloud-based access control solution to a California-based provider of legal services. The company said the customer selected its cloud-based solution for access control and brand management for cloud applications such as Google Workspace, ensuring that only authorized users can access relevant enterprise data in the cloud. “This sale represents Plurilock’s first completed sale of its new cloud-based access control product,” Ian L. Paterson, CEO of Plurilock said in a statement. “Cloud-based security solutions are integral to protecting enterprises worldwide that utilize comprehensive IT systems. Moving forward, we intend to continue expanding the delivery of this robust product.”
OTC Markets Group Inc, the operator of regulated markets for trading 12,000 US and international securities, has announced that Norse Atlantic Airways (OTC:NRSAF), a new long-haul airline offering affordable flights on transatlantic routes, has qualified to trade on the OTCQX Best Market and has today upgraded from the Pink market under the symbol NRSAF. 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. “We are very pleased to have begun trading on the OTCQX Market. This will allow both large and small US investors to more easily trade in Norse Atlantic Airways (OTC:NRSAF) and be part of our journey to democratize long-haul transatlantic travel by offering affordable fares and high-quality on board experience. The company is now operating a full summer schedule from four US gateways to Norway, the United Kingdom and Germany. Operations from the US to Paris will be announced soon,” said Bjorn Tore Larsen, CEO of Norse Atlantic Airways (OTC:NRSAF).
OTC Markets Group Inc also announced that Arianne Phosphate Inc, a Canadian mineral exploration company, has qualified to trade on the OTCQX Best Market and has today upgraded from the Pink market under the symbol DRRSF. 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. “The importance of our Lac a Paul phosphate deposit has grown significantly as concerns surrounding food inflation and security take center stage,” said Brian Ostroff, president of Arianne Phosphate. “Graduating to the OTCQX will allow for greater liquidity and awareness of our Company on the part of investors seeking ways to participate in our growth. Further, the ability to use our rare form of phosphate in emerging LFP battery technology has increased interest in Arianne on the part of many investors, including those residing in the United States and, the OTCQX platform will provide easier access to investment in our Company.”
OTC Markets Group Inc also said that Saturn Oil & Gas Inc, an oil and gas exploration and development company, has qualified to trade on the OTCQX Best Market and has today upgraded from the Pink market under the symbol OILSF. 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. “Saturn has been on a rapid growth path over the past 18 months, having increased oil and gas production from 233 boe/d in the first quarter 2021 to reaching 12,000 boe/d today,” said John Jeffrey, Saturn’s CEO. “Upgrading to OTCQX is a critical measure in Saturn’s growth strategy to enhance liquidity for our shareholders. Trading on OTCQX will also better facilitate US based investors to participate in a growing Canadian focused energy producer with an ESG driven commitment to responsible resource development.”
Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) has announced that Armando Anido, the company’s chairman and chief executive officer will present at the Ladenburg Thalmann 2022 Healthcare Conference on Thursday, September 29, 2022, at 3.00pm ET, and host investor meetings. The conference is being held at the Sofitel New York in New York City. Investors interested in arranging a meeting with the company’s management during the conference should contact the Ladenburg Thalmann conference coordinator. An archived webcast of the presentation will be available on-demand for 60 days following the event under the Events & Webcasts tab of the Investors section of the Zynerba website at www.zynerba.com.
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Pharma & Biotech