logo-loader

NA Proactive news snapshot: Exactus, CytoDyn, Great Panther Mining, WeedMD UPDATE …

A glance at some of the day's highlights from the Proactive Investors US and Canada newswires

Reading news
Your daily round-up from the world of Proactive

Asterion Cannabis Inc has welcomed a move by the Australian government, which is set to boost its A$450 million medicinal cannabis project at the city of Toowoomba in Queensland. The Australian federal government announced that from September it will prioritize giving medical cannabis licenses to those that have been granted 'major project' status, which the site received earlier this year.

Medallion Resources Ltd (CVE:MDL) (OTCMKTS:MLLOF) is raising money to advance work on its monazite processing operations to produce rare earth magnet metals in North America. The company is offering 7.6 million units at C$0.105 each to raise gross proceeds of C$798,000

Analysts at Roth Capital have reiterated a Buy rating and $8 price target for shares in Seelos Therapeutics Inc (NASDAQ:SEEL) following the firm’s second quarter pipeline update, released on Thursday, noting that the “busy beavers continue to push forward with exciting updates to the SLS-005 program.”

American Manganese Inc. (CVE:AMY) (OTCAMYZF) has granted 5,880,000 incentive stock options to certain of its directors, officers and consultants, exercisable at a price of $0.21 per share which will expire on August 2, 2024. The group said any shares issued on the exercise of these stock options will be subject to a four-month holding period from the date of the grant, with the stock  options subject to acceptance by the TSX Venture Exchange.

Marrone Bio Innovations Inc. (NASDAQ: MBII), a leading developer of bio-based products for pest management and plant health, will release its financial results for the second quarter ended June 30, 2019, after the market close on Thursday, August 8, 2019. It’s management will host an investor conference call at 1:30 p.m. PDT (4:30 p.m. EDT) on August 8, 2019, to discuss the financial results, provide a corporate update, and conclude with a Q&A from participants.

Mandalay Resources Corporation (TSE:MND) (OTCQB: MNDJD) said its second quarter 2019 financial results will be released after market close on August 7, 2019, followed by a conference call with Dominic Duffy, President and Chief Executive Officer of Mandalay, for investors and analysts on August 8, 2019, at 8:00M (Toronto time).

Biolargo, Inc (OTCQB:BLGO) has provided  a video copy of the presentation that was delivered on Wednesday, July 31st 2019 as part of the company’s Annual Meeting which is available on its blog and on YouTube.  At the meeting, leaders of each of the company's business units delivered a progress update and overview of future plans, and audio from the presentation was recorded.

Exactus Inc. (OTCQB:EXDI) has acquired Green Goddess Extracts, a highly regarded Florida contract manufacturer and formulator of hemp and vape products which distributes a premium line of high-quality hemp products sold through distributors and online. Emiliano Aloi, president of Exactus said: “Green Goddess was an easy decision when evaluating the right company to partner with.”

CytoDyn Inc (OTCMKTS:CYDY) announced strong preclinical results Friday from a series of completed studies of its colon cancer treatment, leronlimab. The studies found that leronlimab was able to suppress colon carcinoma tumor growth in mice genetically modified to have a human immune system. The drug works by blocking CCR5, a cellular receptor associated with tumor growth and metastasis.

Precious metals producer Great Panther Mining Corp (CSE:GPR) (NYSEAmerican:GPL) unveiled Friday plans for a US$15 million bought deal financing to be used, among other things, to enhance the recently acquired Tucano gold mine in Brazil. The firm said net proceeds will be used for (i) near mine and regional exploration programs at the Tucano gold mine, (ii) capital expenditures in connection with Tucano, including optimization initiatives, and (iii) improvement of the company's working capital balances and general corporate purposes.

WeedMD Inc. (CVE:WMD) (OTCQX:WDDMF) has secured a Health Canada licence amendment approval to expand production into ten additional 10,000 square foot cultivation rooms and ten new processing rooms at its state-of-the-art hybrid greenhouse in Strathroy, Ontario. The federally-licensed producer and distributor of medical-grade cannabis said the 20 additional rooms and ancillary space more than doubles WeedMD’s licensed greenhouse production space in Strathroy.

The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) announced Friday that the cannabis cultivation licenses for its modern greenhouse facility in Ancaster, Ontario have been extended. The Toronto-based company said that it had successfully renewed the Health Canada licenses until August 2022. The licenses allow TGOD to cultivate, process and sell cannabis from the Ancaster site.

Sri-Lanka focused Ceylon Graphite Corp (CVE:CYL) (OTCMKTS:CYLYF) told investors Friday that it has taken another step forward in its quest to start mining the M1 graphite project in the country. The group revealed it had been awarded a so-called IMLB license by the relevant authority of the Sri Lanka government, allowing some single borehole blasting plus the use of certain machinery and equipment.  The firm can also excavate/produce a small amount of graphite per month.

Agile Therapeutics Inc, the women’s healthcare company, announced Friday that it expects to raise $12 million via the underwritten public offering it announced on Thursday. The company said 12.6 million shares will be sold at $0.95 each, $0.16 lower than its closing share price on Thursday. Agile's shares fell back, accordingly, on Friday morning, dropping to $0.96.

Lexaria Bioscience Corp (CSE:LXX) (OTCMKTS:LXRP) has hired Integra Consulting Group to provide investor relations (IR) services to the company. Integra will work with the firm to communicate its message to maximize corporate visibility, will seek out opportunities to deliver audience-targeted presentations, and will use web-casting to reach bigger audiences.

1933 Industries Inc. (CSE:TGIF) (OTCQX:TGIFF), a vertically integrated cannabis consumer packaged goods company, announced it will be holding a meeting of shareholders holding 10% Senior Unsecured Convertible Debentures, with an expiry date of September 14, 2021, on August 28, 2019 at Armstrong Simpson, Suite 2080, 777 Hornby Street Vancouver. The firm said the purpose of the meeting is to approve an amendment to the debentures to allow for the payment of interest thereunder through the issuance of common shares of the company or in cash, at the discretion of the company. 1933 Industries also announced that it has retained the services of Renmark Financial Communications Inc. to augment its investor relations activities.

Constantine Metal Resources Ltd (CVE:CEM) (OTCMKTS:CNSNF) has completed the spin-out of its gold assets to HighGold Mining Inc, it said Friday. Under the terms of the deal, Constantine shareholders received one HighGold share for every three Constantine ones held.

Hemispherx Biopharma Inc stepped in to correct the record Friday regarding two erroneous reports overstating the value of an Equity Distribution Agreement on July 22. The reports, which stated that the company was raising $70 million through a private placement deal with Maxim Group LLC, were generated by algorithm that automatically publish news from 8-K filings.

ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) said the composition of its Nominating Committee has now been reconstituted to comprise only independent directors going forward, as previously it had inadvertently not been in compliance with Nasdaq Listing Rules. The designer and manufacturer of electric vehicles said the members of the Nominating Committee are currently independent directors Shaun Greffard, Steven Sanders and Luisa Ingargiola. ElectraMeccanica originally had four members appointed to its Nominating Committee, two of whom were not independent directors.  In addition, the group said, all its other company board committees have now been reconstituted to comprise only independent directors going forward.

Progressive Planet Solutions Inc (CVE:PLAN), the Canadian zeolite exploration company, announced Thursday that it had closed the sale of its intellectual property related to sulfur lithium battery research to SuperCap Technologies Corp. Going forward, the Vancouver-based company said it will continue to focus on developing markets for zeolite from its flagship Z1 zeolite quarry in British Columbia.  The sale, first announced on July 11, was completed on July 31 following TSX Venture Exchange approval.

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Medallion Resources Ltd. named herein, including the promotion by the Company of Medallion Resources Ltd. in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Protech Home Medical has a full treasury as they look for rapid growth in...

Protech Home Medical (CVE: PTQ- OTCQX: PTQQF) CEO Greg Crawford joined Steve Darling from Proactive to discuss the home medical equipment industry company. That company provides devices like ventilators and oxygen concentrators. Crawford told Proactive the company just completed a large...

1 hour, 44 minutes ago

7 min read