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NA Proactive news snapshot: Gatling Exploration, Universal mCloud, Green Organic Dutchman UPDATE...

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

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Gatling Exploration Inc (CVE:GTR), the Ontario-focused gold explorer, is making progress on its bid to test the theory that the three deposits at its Larder gold project are all connected. The company recently reported new high-grade results from its largest step-out drill hole to date at the Bear deposit, including an intercept of 10.6 grams per ton (g/t) gold over 5 metres (m)."The successful results also represent the start of a new phase of step out drilling, designed to test the theory that our three deposits – Fernland, Cheminis and Bear – are all connected as one, very large mineralized system," said Nathan Tribble, the vice-president of exploration for Gatling.

Universal mCloud Corp (CVE:MCLD) (OTCMKT:MCLDF), which operates in the burgeoning world of artificial intelligence and the Internet of Things (IoT), said Thursday that it planned to expand its AssetCare offering with new capabilities that incorporate next-generation technologies. The company said its AssetCare platform would include advanced industrial IoT sensors, AI-powered aerial capabilities with drones, and digital twins for process simulation and 3D virtual facility walk-downs. The first of these capabilities is expected to go live in the fourth quarter and has the potential to bolster mCloud's ability to generate revenue. To lead these developments, the company also announced that James Christian has joined mCloud as vice president of Emerging Solutions. 

Cabral Gold Inc (CVE:CBR) is progressing with exploration on a new target that has never been investigated at the company’s Cuiú Cuiú gold project in Brazil. Exploration work at the Climar target area is aimed at identifying the source of placer gold, particularly a coarse gold nugget group produced from streams. Climar is 10 kilometres east of the Central gold deposit and 7km northeast of the Moreira Gomes deposit on the Cuiú Cuiú property.

The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) said that demand for its organic cannabis has exceeded its expectations since its launch in Ontario in end-August. In a statement Thursday, the company said that its high-THC signature strain, known as Unite Organic, has performed well enough online and in dispensaries that the Ontario Cannabis Store purchased a second order earlier than expected. The company plans to distribute to other provinces in the coming months and launch nationally in early 2020.

LexaGene Holdings Inc (CVE:LXG) (OTCMKTS:LXXGF) announced Thursday plans to place its LX Analyzer beta unit into ProVerde Laboratories Inc, one of the largest hemp-cannabis testing reference laboratories in Massachusetts. ProVerde Laboratories is one of three independent laboratories accredited by the state of Massachusetts to test hemp and cannabis products for contaminants such as pesticides and pathogens, including bacteria, mold, or other dangerous microorganisms, according to a statement. LexaGene’s LX Analyzer is designed to test a variety of sample types for harmful pathogens that cause adverse reactions in humans and animals.

Klondike Gold Corp (CVE:KG) (OTCMKTS:KDKGF) told investors it was again receiving revenue from its placer mining claims after striking a lease deal with small family firm Dulac Mining. The firm has given Dulac the rights and permits to mine at the Upper Eldorado Creek property in the Yukon and it has already set to work and installed the plant. During the plant's commissioning phase, 38.07 troy ounces of gold was recovered, including 13.44 troy ounces of coarse nuggets, revealed Klondike. Under the terms of the agreement, Klondike will receive a 10% gold production royalty from the placer mining, which is payable in raw gold.

MGX Renewables Inc (CSE:MGXR) has brought in C$500,000 gross for working capital after closing its previously announced placing of shares. The tech group revealed that it had sold over 8.3 million units at C$0.06 a throw. Each unit consisted of one share and one transferable share purchase warrant. The warrants can be exercised for two years at C$0.08 in the first year from issue and for C$0.12 for the rest of the term.

Nabis Holdings Inc (CSE:NAB) (OTCMKTS:NABIF) is launching a new brand of cannabidiol product lines for medical, lifestyle and wellness consumers, it announced Thursday. The Be In Synergy (BIS) line will include a range of CBD-related exclusive brands, such as edibles, vapes, patches, cosmetics and skincare products. The cannabis company told shareholders that BIS has exclusive US rights for a state-of-the-art oral spray for various cannabis-based products like oils and liquids. The system has an air and watertight design to prolong its shelf life.

LiteLink Technologies Inc (CSE:LLT) (OTC:LLNKF) subsidiary uBUCK Technologies SEZC, a digital payment platform, has signed a commercial agreement with consumer marketing company Datable Technology Corp. Datable’s signature offering, PLATFORM³, rewards customers of Fortune 500 brands with perks like digital gift cards in exchange for making purchases, sharing content and more. The deal with uBUCK will allow Datable to offer its user base a flexible spending card as a reward for engagement. Conversely, uBUCK will be able to offer Datable rewards to its users when they make purchases with the uBUCK Pay digital wallet or on their uBUCK Mastercard.

Medexus Pharmaceuticals Inc (CVE:MDP) (OTCMKTS:PDDPF) announced a boost for its drug Gliolan Thursday, revealing it had been recommended for public funding by Health Quality Ontario. The specialty pharma group has the exclusive rights to market and distribute the drug in Canada, which helps neurosurgeons to better visualize and more completely remove malignant brain tumors (gliomas) as they glow during surgery. The recommendation is conditional on Health Canada approval, for which Medexus plans to file this year, the company said.

Helix TCS Inc (OTCMKTS:HLIX) announced Thursday it has finalized its acquisition of Amercanex, a B2B wholesale marketplace that leverages blockchain technology and can facilitate wholesale cannabis and hemp transactions between licensed businesses on a global scale. Upon the closing of the deal, Helix said in a statement that it has already made significant progress towards integrating the technology with its leading seed-to-sale, dispensary point of sale, and government traceability technology, via subsidiary BioTrackTHC. “We believe that our government and commercial clients will benefit from a real-time B2B wholesale exchange marketplace that integrates directly with their required government traceability system at the regulatory level, and with their seed-to-sale tracking software at the business level,” said Helix CEO Zachary Venegas.

Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTTF) said that it has inked a marketing pact with Cultivated Beauty, a subsidiary of skincare retailer Swisspharme Inc and Elizabeth Grant International, to offer a line of its specially formulated hemp-based skincare products. In a statement, Namaste said the new products are now available on the company’s CannMart.com online marketplace. In a statement, Namaste CEO Meni Morim said: "Cultivated Beauty's advanced luxury skin care products, infused with hemp, are a great match with CannMart's diverse customer base and leading online marketplace.

Phunware Inc (NASDAQ:PHUN) announced Thursday the launch of its Phunware Location Experience Kit, a startup box that lets brands set up a location-based user service in less than 24 hours. In the kit, customers will find two smartphones — one iOS and one Android — complete with a suite of Apps, 20 location beacons, a beacon placement map and instructions. Once set up, users will be able to view their location on the map and use it to navigate between the given points of interest identified by the beacons.

Heritage Cannabis Holdings Corp (CSE:CANN) (OTCMKTS:HERTF) signed a hemp processing agreement with Truro Cannabis Co, the company announced Thursday. Truro has enlisted Heritage subsidiary Voyage Cannabis Corp to produce bulk CBD oil or other products from its hemp biomass. The initial deal involved roughly 700 kilograms. The resulting products will then be sold to purchasers identified by Truro. This may include exporting to the Caribbean, which Voyage obtained a Health Canada permit to do.

Global Energy Metals Corp (CVE:GEMC) (OTCMKTS:GBLEF) is set for a trade mission next month (October) to South Korea, showcasing Canada, its mining companies and its clean technology credentials. The Vancouver-based firm was chosen to take part in the trip, which is a collaboration between the government of British Columbia, the government of Canada's lands and minerals sector, Natural Resources Canada, the South Korean government and Korea Resources Corporation (KORES). Global Energy Metals Corp (GEMC) is developing cobalt assets for the growing rechargeable battery and electric vehicle market, while Korea is an auto manufacturing and high tech hub.

Hill Street Beverage Company Inc (TSXV:BEER) said Thursday that CEO Terry Donnelly will focus on the potential of the company’s new line of cannabis-infused beverages at the upcoming Fall Investor Summit in New York City on September 17. In a statement, Donnelly said: “Hill Street has established a portfolio of award-winning, non-alcoholic beer and wine brands that will serve as perfect platforms to deliver our cannabis- infused beverages to the Canadian market following the legalization of edibles in October 2019.” Donnelly will also take part in a cannabis panel discussion scheduled for noon ET on September 16 at the summit. 

Nemaura Medical Inc (NASDAQ:NMRD) said Thursday that CEO Dr Faz Chowdhury will present at a major diabetes conference in Barcelona, Spain later this month to tout the company's flagship SugarBEAT glucose monitors. In addition to CEO Chowdhury, Dr Fred Schaebsdau, the company’s vice president of strategic alliances, and Dr Iain Cranson, a diabetes specialist based in the UK, will also join in the presentation at the 55th Annual Meeting of the European Association for the Study of Diabetes on September 19. The evening symposia will focus on the historic development of Nemaura’s SugarBEAT continuous glucose monitors, the product’s application to all categories of diabetics and diabetes management, clinical data and recent user experiences, the company said in a statement.

Next Green Wave Holdings Inc (CSE:NGW) (OTCMKTS:NXGWF) announced a new collaboration with leading brand NoJumper and its host Adam22 on a line of premium exotic flower strains. The new products will be featured on NoJumper’s podcast, which gets 45 million viewers per stream, as well as Next Green Wave’s brand house SDC. NoJumper is the creation of Adam John Grandmaison, better known as Adam22. The podcast has become a platform to launch up-and-coming brands from the music, art and lifestyle industries.

Ryah Medtech Inc CEO Greg Wagner wants people to know that there’s more to vaping than the flavored e-cigarettes that are proving increasingly dangerous to young Americans. In a post published Thursday titled “Vaping Has A Place In Society, In Your Medicine Cabinet,” Wagner addressed the ongoing vaping crisis and the role of regulation in the sector. “It’s important to distinguish the ongoing benefits of dose-measuring devices and proprietary cartridges designed for precise, patient use and effective treatment versus the inferior counterfeit and black-market products out there,” Wagner said.

1933 Industries Inc (CSE:TGIF) (OTCQX:TGIFF) said Thursday that based on preliminary results, the company expects record revenue of C$5.2 million for its fiscal year fourth quarter. In a statement, the Vancouver-based company said it will post a 13% rise in revenue in the fiscal fourth quarter totaling C$5.2 million, compared to C$4.6 million clocked in the previous quarter. In a statement, CEO Chris Rebentisch said the company expects to clock C$18 million in total revenue for the 2020 fiscal year as it ramps up cultivation and manufacturing in California.

BevCanna Enterprises Inc (CSE:BEV) (OTCMKTS:BVNNF) announced Thursday that Chief Commercialization Officer Emma Andrew will appear at next week's International Cannabis Business Conference (ICBC). She will be part of an expert panel discussing a topic of: "Upcoming Regulatory Model: Edibles, Topicals and Extracts," the infused cannabis beverage firm said in a statement. A second wave of cannabis legalization in Canada will permit the sale of edibles, beverages, extracts, and topicals from October 17 this year.

Valens GroWorks Corp (CVE:VGW) (OTCMKTS:VGWCF) has signed a white label agreement with the cannabis division of Iconic Brewing Company, an innovative Canadian beverage producer. The five-year, binding cannabis-infused beverage deal will see Valens provide Iconic with extracts, formulation services and intellectual property for its SōRSE technology, a process that turns cannabis oil into water-soluble emulsion, in a statement released Thursday. Iconic will market the end product in Canada, and the deal requires a minimum of 2.5 million cannabis-infused beverages be produced over the five years. Valens and Iconic will have the opportunity to expand the product offerings in the near future, the companies said.

American Battery Metals Corporation (OTCMKTS:ABML), a premier battery metal exploration and development company based in Nevada, announced that its management will present at the Fall Investor Summit Conference in New York City on Tuesday, September 17 at 2pm EDT. The group said its chief executive officer, Doug Cole, will present and hold one-on-one meetings at the summit which will take place at JW Marriott Essex House.


Quick facts: Gatling Exploration

Price: 0.29 CAD

Market: TSX-V
Market Cap: $17.99 m

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Gatling Exploration connects all three high-grade gold deposits at Larder...

Gatling Exploration (CVE: GTR-OTCQB: GATGF) Vice President of Exploration Nathan Tribble shared news with Steve Darling from Proactive Vancouver that Gatling has been able to connect a continuous 4.5 km gold strike at their Larder Project. Tribble explains how they were able to do that,...

on 09/21/2020

11 min read