NA Proactive news snapshot: Phunware, GlobeX Data, Agile Therapeutics, Exactus UPDATE ...

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

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Your daily round-up from the world of Proactive


Phunware Inc (NASDAQ:PHUN) is looking forward to expanding and diversifying its customer base as it grows its enterprise cloud platform, the CEO told investors as part of the company’s quarterly results released Thursday. During its third quarter, the Austin-based company recorded net revenue of $5.6 million, an 8% increase over the same period a year ago. The increase was largely driven by platform subscriptions and services revenue, which increased 19% year-over-year to $5.2 million.

GlobeX Data Ltd (OTCQB:SWISF) (CSE:SWIS) said that it received approval from the Depository Trust Company, making its shares DTC eligible as of November 7. In addition, the company's shares were earlier approved for trading on the OTCQB under the symbol SWISF. "Having DTC eligibility will greatly increase our liquidity over time so that investors can participate in our growth,” said Alain Ghiai, founder and CEO of GlobeX. “DTC Eligibility also lowers the cost of trading securities for investors and increases exposures to financial institutions and market makers.” The company distributes, designs and develops software and cybersecurity programs that protect data and communications.

Agile Therapeutics Inc (NASADQ:AGRX) announced Thursday the US Food and Drug Administration has extended the goal date for its review of the New Drug Application (NDA) for Twirla, an investigational prescription contraceptive patch.The PDUFA (Prescription Drug User Fee Act) goal date has been extended from November 16 to February 16, 2020, according to a statement. On October 30, the FDA’s Bone, Reproductive, and Urologic Drugs Advisory Committee (BRUDAC) met to discuss the benefits and risks of Twirla and voted 14 to 1, with one abstention, that the benefits of Twirla (AG200-15) in the prevention of pregnancy outweigh the risks to support approval. After the BRUDAC meeting, at the FDA’s request, Agile submitted additional information to the NDA concerning topics discussed at the BRUDAC meeting. 

Exactus Inc (OTCMKTS:EXDI) told shareholders that its 2019 harvest is beating expectations thanks to better-than-anticipated growing conditions as the company reported its quarterly results on Thursday. The hemp grower said it is expecting to harvest 30,000 pounds of flower, up from its original estimate of 20,000 pounds.In October, Exactus acquired an additional 49.9% interest in the 2019 harvest, which should provide extra supply to be monetized in the fourth quarter.

Helix TCS Inc (OTCMKTS:HLIX) reported third-quarter earnings after the bell Thursday featuring year-over-year revenue growth and acceleration of its BioTrack software business. The Denver-based company saw revenue jump 20% to $3.74 million in the quarter and earned a profit of $1.5 million. Its blended gross margin for the quarter was 41%, and its software gross margin in particular was more than 62%. “Q3 has seen the company continue to meet its goals on key operational initiatives and our overarching strategy,” CEO Zachary Venegas said in a statement. “Strategic acquisitions, a strong customer focus, and targeted internal improvements continue to drive growth and shareholder value.”

Biome Grow Inc (CSE:BIO) (OTCQB:BIOIF) will release its financial results for the third quarter ended September 30 before the markets open on November 26. Following the release of its 3Q results, Biome will host a conference call and audio webcast with CEO Khurram Malik at 8:30 am ET November 26. Toll Free Dial-In Number is 1 (866) 211-3199 and international Dial-In Number is (647) 689-6601. The conference ID is 1893809. The Toronto-based company sells cannabis products in all four provinces in Atlantic Canada as well as Saskatchewan and Manitoba.

Gevo Inc (NASDAQ:GEVO) announced Thursday it has signed a fuel sales agreement with Scandinavian Airline System (SAS) to produce and supply sustainable aviation fuel (SAF) for use and distribution in low carbon fuel regions of the US. With the finalization of this new supply contract, Gevo said it will supply SAF to SAS from its expanded Luverne, Minnesota plant, which is expected to be constructed over the next several years.“SAS is a pioneer in the use of sustainable aviation fuel, such as launching a new ancillary product that gives travelers the option to reduce their climate impact through the purchase of biofuel when booking a ticket, or at any time before departure. This agreement is another step in that innovative approach to sustainability,” said Gevo CEO Patrick Gruber in a statement.

Verde AgriTech PLC (TSE:NPK) (OTCMKTS:AMHPF), a multi-nutrient potassium fertilizer producer, posted third-quarter results before the bell Thursday that revealed an uptick in fertilizer sales. The Brazil-based company produced 52,111 tons and sold 62,855 tons of its K Forte brand product in the third quarter, up from 33,760 tons and 23,625 tons, respectively, in the second quarter. Verde saw revenue of nearly C$3.1 million in the period and posted a gross profit of C$1.6 million.

Cloud Nine Education Group Ltd (CSE:CNI) (OTCMKTS:CLGUF) announced Thursday that it is boosting its business development team to tap into demand for English as a second language services in Latin America. The Vancouver-based company has hired Dr Elsa Perez as its corporate director of business development responsible for greater Latin America and Mexico. Latin America is now the fourth-largest education technology market in the world in terms of revenue, with expectations for the e-learning market to generate revenue of over US$3 billion by 2023, according to recent data by Education First.

CB2 Insights Inc (CSE:CBII) (OTCMKTS:CBIIF), a leading data-driven company focused on bringing real-world evidence-driven from the point-of-care to the medical cannabis community, says CEO Prad Sekar will be participating in a panel discussion and meeting with investors at Piper Jaffray’s 31st Annual Healthcare Conference on December 3-5 in New York City. CB2 Insights will join nearly 300 public and private companies in the biotechnology, specialty pharmaceutical, drug discovery and medical technology space. The panel discussion on December 3 is entitled “Understanding the Efficacy and Pharmacokinetics of Cannabis.”

OTC Markets Group Inc (OTCMKTS:OTCM) announced that PointsBet Holdings Limited (ASX:PBH) (OTCMKRS:PBTHF), a corporate bookmaker, has qualified to trade on the OTCQX Best Market. The company upgraded to the OTCQX from the Pink market. "With PointsBet's recent IPO on the Australian Stock Exchange, cross-trading on OTCQX in the US will further build the company's global investor awareness and provide enhanced shareholder value," said Jason Paltrowitz, executive vice president of corporate services, at the OTC Markets Group. Andrew Mellor, group CFO at PointsBet saw a “significant market opportunity” for PointsBet in the US as the legalization of sports betting is rolled out across the country.

Ximen Mining Corp (CVE:XIM) (OTCMKTS:XXMMF) said the TSX Venture Exchange had accepted for filing documentation about a previously annouced private placing announced on October 22 this year, for the issue of 1,282,052 flow-through shares at 39 cents each, with one placee.

Empower Clinics Inc (CSE:CBDT) (OTCMKTS:EPWCF) CEO Steven McAuley told shareholders on Thursday that the vertically-integrated wellness company has a “clear path to profitability” as it moves into 2020. The chief’s comments come as the company posted its third quarter results, boosted by increased patient visits to the company’s network of clinics in the US. During the three-month period, clinic revenues increased by 137% thanks to patient visits. Over 5,800 patients generated revenue of US$663,000 compared to the same quarter last year with around 1,800 visits for revenue of US$280,000.

mCloud Technologies Corp (CVE:MCLD) (OTCMKTS:MCLDF) on Thursday reported increases in third-quarter revenue and normalized income. In a statement, the company also said it expects revenue to double in 2020.  For the 3Q, mCloud said revenue grew 207% to C$9.2 million, compared to C$3 million in the second quarter of 2019, representing a July 10 cut-off for the acquisition of Autopro. Year-to-date revenues came in at C$14.4 million, compared to C$1.8 million for full-year 2018. mCloud, whose 3Q ended September 30, noted that in the last 90 days, revenue from its AI-powered AssetCare energy efficiency solutions platform grew organically by 36% to C$4.1 million, up from C$3 million in the second quarter of 2019.

Auryn Resources Inc (TSE:AUG) (NYSEAMERICAN:AUG) says it has made an "exceptional" start to exploration at its Curibaya project in southern Peru as it posted results from the first surface sampling program at the Sambalay and Salvador concessions. The results extend the recently reported high-grade surface results last month from the 4.5 sq km alteration zone by 1.5 km to the west, the company said. Highlight assays included up to 7,990 grams per ton (g/t) silver, 17.65 g/t gold and 6.97% copper, said Auryn.

Ipsidy Inc (OTCQX:IDTY) CEO Philip Beck said the company is at an “inflection point” based on its discussions with business partners , as it reported financial and business results for the third quarter. In a statement accompanying the Long Beach, New York biometric identity solutions company’s latest numbers, Beck said: "We believe that we are at an inflection point based on our engagement and discussions with business partners and potential customers. The Ipsidy team is working on closing opportunities in the Europe, Middle East and Africa (EMEA) and LATAM regions, that we believe will be significant.” Total revenue for the three- and nine-month periods in 2019 was $0.6 million and $1.9 million respectively compared to $0.7 million and $3 million respectively for the same periods in 2018.

NexTech AR Solutions Corp (CSE:NTAR) (OTCMKTS:NEXCF) has expanded its augmented reality (AR) deal with Canadian truckload carrier Challenger Motor Freight. Challenger, a privately-owned company operating more than 1,500 trucks and 3,300 trailers, inked an agreement with NexTech in September to create AR recruitment experiences for potential employees. Now, the deal is expanding to include CaptureAR, one of NexTech’s latest offerings that allows companies to create 3D AR assets without the need to invest in expensive production pipelines or purchase costly 3D scanning equipment.

RNC Minerals (TSE:RNX) is eyeing a "strong finish" to the year as it announced total gold production of 7,769 ounces for last month (October) from its Beta Hunt and Higginsville mines in Western Australia.  As reported last week, RNC reported an improved financial performance in the third quarter to end September, which was the first full three months of processing material at the Higginsville Mill acquired in June.

In a vote of confidence from its financial partners, The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) announced Thursday that it is raising up to C$103 million to fund its expansion in the Canadian recreational cannabis sector A portion of the proceeds will be used to complete construction at TGOD’s flagship Ancaster and Valleyfield Phase 1 facilities in eastern Canada. The funds raised will also give TGOD a significant source of capital until the cannabis cultivator becomes cash flow positive, which the company expects by the end of the second quarter of 2020.

Silvercorp Metals Inc (NSYEAMERICAN:SVM) (TSX:SVM) reported Thursday encouraging results from exploration at its GC silver-lead-zinc mine in Guangdong Province. It is the China-focused miner’s second primary asset and initial output started in 2014. It has a projected mine life of 12 years, based on proven and probable reserves, at an average annual production rate of about 300,000 tonnes. From October last year to the end of September this, the firm carried out 25,877 metres of diamond drilling and 14,243 m of exploration tunneling between the elevation levels of 300 m and 150 m. Drilling extended the major mineralized vein structures along strike and downdip, while tunneling exposed high grade mineralized zones within major production vein structures, the company said.

Osino Resources Corp (CVE:OSI), the Namibia-focused gold explorer, reported latest drill results from its Twin Hills Central prospect at the Karibib gold project, which showed mineralization exists over a strike of 800 metres. The group is carrying out a 5,500-metre drill program aimed at expanding the mineralization both along strike and down dip and is on track to be completed by the end of the year. The assays hail from eight so-called "in-fill" holes drilled at the Twin Hills target, and six intersected significant mineralization with one hole, notably containing 49 m at 1.04 grams per ton (g/t) gold including 16 m at 1.58 g/t and 16m at 1.23 g/t, the firm said.

Mojave Jane Brands Inc (CSE:HC) (OTCMKTS:HHPHF) signed a binding letter of intent (LOI) to acquire 100% of members’ interest in Pacific Crest 4 LLC, including its licenses, property lease, extraction equipment and operations in Adelanto, California.  The 4,000-square-foot Adelanto property is operational with an experienced team, the company said, and has Type 6 and Type 7 licenses from the California Department of Public Health, allowing for cannabis extraction using a volatile or non-volatile solvent or a mechanical method. 

Black Iron Inc (TSE:BKI) (OTCMKTS:BKIRF) announced Thursday that it has achieved a major milestone in its Shymanivske iron ore project development in Ukraine.  The Toronto-based junior miner said in a statement that it has struck an agreement with Ukraine's government to acquire a key parcel of land being used by the country's Ministry of Defense for the location of Black Iron's future processing plant, tailings and waste rock stockpiles. Black Iron said a memorandum of understanding was signed Thursday between the company and the Ministry of Defense, with support from the country’s Prime Minister and Ministry of Economy offices.

Aftermath Silver Ltd (CVE:AAG) (OTCMKTS:FLMZF), a junior explorer with assets in Chile, raised C$3.3 million in a placing and welcomed veteran mining investor Eric Sprott as its largest shareholder.  The Vancouver-based firm has closed a non-brokered private placing of 16.5 million units at C$0.20 each for gross proceeds of C$3.3 million, with Sprott chipping in C$2.98 million.

Salazar Resources Limited (CVE:SRL) posted a new corporate video on the company's website. The seven-minute video focuses on the copper-gold Curipamba project which covers over 21,500 hectares in central Ecuador, the work culture at Salazar, and the company’s track record and the potential in Ecuador.

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