A look at a few of the day’s highlights from the Proactive Traders US and Canada newswires
() CEO Doug Cole weighed in after Simon Moores, the managing director of battery metals value reporting company Benchmark Minerals, testified about battery metals provide chains to the US Senate Vitality and Pure Sources Committee on June 24. “Constructing provide chains for a lithium-ion economic system is vital, however progress within the US has been far too gradual,” Moores advised the committee. “It’s not too late for the US, however motion is required now.” Cole agrees.“Simon highlights an vital level,” Cole mentioned in an announcement. “We should aggressively develop home North American provide chains, every little thing from accountable mining to recycling.”
mCloud Applied sciences Corp () (OTCQB:MCLDF) CEO Russ McMeekin and chief growtha and income officer Constantino Lanza will seem on a video convention name hosted by Florida-based RCA Monetary Companions Inc, a consulting and advisory agency centered on knowledge useful resource innovators. The 2 mCloud executives will focus on the agency’s latest acquisition of kanepi Group, an info, visualization, and analytics software program expertise firm. The video convention name will probably be held on Monday June 29th, 2020 at 11:00 AM Japanese Time, 8:00 AM Pacific Time. The decision could also be accessed by registering here. A recording of the decision will even be out there on each mCloud’s and RCA’s web sites.
Harvest One Hashish Inc () () is promoting its United Greeneries hashish cultivation and processing enterprise in British Columbia for C$8.2 million deal to Costa Canna Manufacturing LLP and 626875 BC Ltd. The events additionally plan to execute a licenses settlement, which can see Harvest One’s subsidiaries present Costa LLP with licensed mental property to supply and distribute Hashish 2.Zero merchandise in Canada in change for a 95% royalty and distribution of its merchandise. Harvest One additionally launched its fiscal third-quarter outcomes earlier than the bell Friday, which confirmed income for the three months ended March 31 of C$3.Three million, up 10% from C$Three million in the identical interval final yr.
Inc () is boosting the quantity of its beforehand introduced financing from C$5 million to C$Eight million. Every unit bought will probably be priced at C$0.70 and embrace one share and one-half of 1 warrant exercisable at C$0.90 for a 24-month interval and topic to acceleration rights by Exro. The agency plans to make use of the proceeds to additional analysis and improvement of its battery administration system, micro, mild and business electrical car applications, advertising and marketing, capital investments and common working capital necessities. Proceeds from the extra enhance within the Providing will probably be added to common working capital necessities. The providing is being led by Gravitas Securities Inc. Exro has utilized to checklist its unit shares and warrant shares on the Canadian Securities Trade.
() (),l the medical wellness group, consolidated its shares on the idea of 1 new for ten previous (1:10) and the post-consolidation shares started buying and selling on the Canadian Securities Trade (CSE) and OTCQB market underneath similar identify and ticker image, ‘BETR’ and ‘BETRF’ respectively, on market open immediately (June 26). Because of this, the earlier share capital of 172,109,851 widespread shares has now been consolidated into 17,210,985 shares. Every shareholder’s share possession and proportional voting energy remained unchanged. The document date for the consolidation is June 29 this yr. Betterlife believes the consolidation is useful in that it’s anticipated to, amongst different issues, present it with larger flexibility in attracting financing.
(NASDAQ: IDEX) mentioned Friday that it intends to reply with “all means doable” to the “coordinated assault” on the corporate’s credibility with the intention to financially revenue from a drop within the firm’s share value. Ideanomics, headquartered in New York with places of work in Beijing and Qingdao, responded forcefully to an analyst observe from J Capital Analysis and Hindenburg Analysis. “The corporate refutes solely the claims that it has lower than three months working money. Quite the opposite, the corporate has enough money to keep up its present operations for not less than 12 months,” mentioned the corporate in an announcement.
Weekend Limitless Industries Inc () (OTCQB:WKULF) introduced Friday that it has bought its facility in Wenatchee, Washington for US$400,000, which it plans to make use of to fund its operations in Oklahoma. The corporate bought the Washington facility in 2018, and it had but to serve in any lively operations. Weekend acquired US$300,000 when the property was transferred and can get the remaining US$100,000 in 12 month-to-month funds starting in January 2021. The purchasers plan to lease the ability to licensed hashish producers who will formulate Weekend Limitless merchandise, the corporate mentioned. “The sale of our Washington facility comes on the proper time when this capital can be utilized to additional develop our rising operations in Oklahoma,” CEO Chris Backus mentioned in an announcement.
Helix BioPharma Corp () (OTCMKTS:HBPCF) mentioned Friday it has entered right into a non-binding time period sheet to divest the remaining shares it holds in its Polish subsidiary Helix Immuno-Oncology SA (HIO), representing about 51% of the issued and excellent shares of HIO.The phrases of the supply present for Helix to promote its remaining holdings in HIO for gross proceeds of as much as PLN6,700,000 (C$2.Three million), in line with an announcement. As well as, Toronto-based Helix has entered into agreements with HIO to cancel C$2.7 million in intercompany debt owed to Helix by HIO.
() (OTCMKTS:FLWPF) CEO Vinay Tolia advised shareholders that the Canadian leisure hashish market is on the upswing after a difficult interval within the wider trade. The CEO’s feedback got here because the hashish firm launched its first quarter 2020 outcomes that confirmed the corporate generated C$1 million in income from its premium hashish pressure BC Pink Kush. The flagship pressure was bought at a median value per gram of $6.93, positioning the product firmly within the top-class flower phase. Flowr additionally revealed that demand for BC Pink Kush outstripped provide. The corporate bought 123 kilograms of the pressure and didn’t have sufficient demand in the course of the quarter. Product availability has “considerably improved” within the second quarter, in line with an announcement, and internet revenues are projected to prime C$2 million in the course of the second-quater.
Company () revealed that it was in superior negotiations with distributors in Switzerland, Germany, the UK, Hong Kong and the US as the corporate introduced constructive findings from the primary dermal medical research of Aid & Go and Shir product strains. The pharmaceutical tech group has developed a number of strains of pores and skin beauty merchandise containing a mix of extremely concentrated substances formulated with CBD. It mentioned it’s eyeing first samples shipments in July this yr. “The double blinded randomized managed research assessed the tolerance diploma of the corporate’s CBD Topicals merchandise and demonstrated the merchandise to be non-irritating to the pores and skin,” the agency mentioned in an announcement. InnoCan’s contract producer for these merchandise Fancystage is in a complicated manufacturing stage with InnoCan’s first derma beauty merchandise launch, it added.
Metalla Royalty and Streaming Ltd () (NYSEAMERICAN:MTA) mentioned the TSX enterprise change had accepted for submitting documentation on the royalty buy letter settlement dated June 22 this yr between the corporate and several other arm’s-length third events, whereby the corporate will purchase a internet 1% royalty curiosity on Inc’s working Wharf mine, in South Dakota, USA. To fulfill the US$5,765,000 buy value, the corporate will make a US$1 million money fee and concern a complete of 899,201 shares at a deemed worth of US$5.30 per share to distributors.
Fura Gems Inc () (OTCMKTS:FUGMF) mentioned the TSX Enterprise Trade has accepted for submitting documentation in regards to the second and last tranche of a non-brokered non-public placement. The Toronto-based firm issued almost 28.6 million shares priced at C$0.25 per share to boost gross proceeds of C$7.2 million within the second tranche. There was one place.
(NYSE American:MLSS) has priced an underwritten providing of 6,520,000 shares of its inventory and warrants to buy as much as an mixture of three,260,000 shares of its widespread inventory. Every share of widespread inventory is being bought along with a warrant to buy 0.50 of 1 share of widespread inventory at a mixed value to the general public of $2.15. Gross proceeds are anticipated to be about $14 million. The warrants will probably be instantly exercisable at $2.60 per share of widespread inventory and can expire three years from the date of issuance. The corporate additionally has granted the underwriter a 45-day choice to buy as much as an extra 978,000 shares of widespread inventory and/or warrants to buy as much as 489,000 shares of inventory. The providing closes on June 30.
Expertise Inc () (OTCQB:NTTCF) revealed the phrases of its US$1.four billion credit score facility, together with a 15-month interval with auto-renewing one-year phrases and no curiosity payable. No charges are related to the time period for the primary three months, and henceforth charges will probably be negotiated as a share of income generated by the ability. The credit score line will enable to have cash available in the market over an prolonged interval and revenue from arbitrage alternatives. The income from this arbitrage will finally enable to scale back charges to its shopper base. The corporate granted Three million shares to officers, administrators, staff and consultants exercisable at C$2.26 for a one-year interval.
Pure Gold Mining Inc () () mentioned shareholders authorised all gadgets put ahead at its AGM, which was held on June 25 this yr, together with the re-election of all seven board members. Shareholders additionally voted in favor of appointing PricewaterhouseCoopers LLP as auditors for the following yr and authorizing administrators to repair their remuneration. In addition they authorised and ratified the agency’s inventory choice plan and the deferred share unit plan. A complete of 115,298,514 shares had been voted, representing 32.1% of complete share capital as on the document date of the assembly.
Endeavour Mining Company () (OTCQX:EDVMF) mentioned all of the required regulatory approvals for its beforehand introduced acquisition of SEMAFO had been acquired and it expects to shut the transaction on or round July 1. In a quick assertion on Friday, the miner mentioned it had acquired a discover from the Minister of Innovation, Science and Trade stating no order for a nationwide safety evaluation of the acquisition will probably be made underneath the Funding Canada Act. On Could 26 this yr, Endeavour reported that its shareholders have voted “overwhelmingly” in favour of the SEMAFOR deal introduced in March. The C$1 billion transaction brings collectively six mines with robust money move into one portfolio, the chance to optimize property, and a development pipeline to create a number one West Africa-based gold producer producing over 1 million ounces a yr.
MGX Minerals Inc () (OTCPINK:MGXMF) is suspending its annual common assembly as a consequence of public well being measures with regard to the coronavirus pandemic. The assembly was initially scheduled for June 30 however the exploration agency was suggested that it’s not doable to carry a contested virtual-only assembly in Canada and an acceptable location which might accommodate an in-person assembly is just not out there. MGX has filed a petition with the British Columbia Supreme Courtroom looking for reduction from statutory assembly deadline necessities, and the court docket granted a brand new deadline of September 30 with an choice to reapply for an extension within the fall. MGX mentioned it would proceed to work with its advisors Kingsdale Advisors and Norton Rose Fulbright and others to make sure that a gathering is held both just about, in-person, or a hybrid as soon as it turns into doable to take action.
AgraFlora Organics Worldwide Inc () () advised buyers on Friday that it had struck a cultivation partnership with MicroC45 Inc for rising hemp in Ontario, Canada. The deal is between subsidiary Sustainable Development Strategic Capital Corp (SGSC) and MicroC45 Inc and SGSC has already efficiently planted 50 acres of high-quality hemp at a farm in Binbrook, it revealed in an announcement. AgraFlora mentioned Binbrook Farm was anticipated to yield round 50,000 kilograms of excessive CBD hemp in fall 2020. “Cultivation at Binbrook represents one other milestone for this core-asset technique,” mentioned Brandon Boddy, AgraFlora’s government chairman and CEO.
() introduced it has shaped a three way partnership with AnyPlace MD Field (APMDBox) to offer contact tracing, telehealth, COVID-19 testing, and logistics assist to authorities businesses and well being techniques. APMDBox has labored for 5 years to develop and patent a sturdy, cellular diagnostic and well being platform. Its cloud-based, automated contact tracing software program and predictive modeling offers real-time knowledge for confirmed constructive maps, potential publicity mapping and hotspot emergence, in line with an announcement.
Digital Investor Conferences, the main proprietary investor convention sequence from OTC Markets Group (), introduced that shows from the June 24th hashish convention at the moment are out there for viewing on-demand at VirtualInvestorConferences.com. The presenting corporations included Khiron Life Sciences Corp (OTCQX:KHRNF)(), Delta 9 Hashish Inc () (), Vireo Well being Worldwide Inc (OTCQX:VREOF) (), (OTCQX: FFNTF) (), MariMed Inc (), () (CVE:VLNS), Pushed Deliveries Inc (OTCQB:DRVD), Corp, (OTCQX:MEDI) (), Aleafia Well being Inc () (TSE:AH), Columbia Care Inc (OTCQX:CCHWF) (CSE:CCHW) and (OTCQB:FNNZF) ().