NA Proactive news snapshot: GlobeX Data, Media Central, Phunware, Arcadia Biosciences UPDATE

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

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GlobeX Data Ltd (CSE:SWIS) (OTCMKTS:SWISF), the cybersecurity specialist, has seen an increase in demand for its Swiss-hosted secure document management and secure communications cloud services stemming from the coronavirus (COVID-19) outbreak. In a statement, the company said cyberattacks globally are up as more and more people work remotely with unsecured internet connections. GlobeX Data said it is working with several resellers in South Asia, South East Asia, and Asia Pacific, in order to start sales in the second quarter of 2020. 

Media Central Corporation (CSE:FLYY) subsidiary Vancouver Free Press Corp published a story Thursday about the life of Stanley Q. Woodvine, the longtime Georgia Straight columnist of the series “Homeless in Vancouver.” Woodvine, who himself has been homeless since 2004, has offered social commentary on how city issues affect those living on the streets. Woodvine worked at the Straight for nearly a decade in the 80s and 90s. When he became homeless, he started a blog called Sqwabb to document his experiences. Then, in 2013, his former publication took notice and hired him as a columnist. The Straight is MediaCentral’s third brand, after the company acquired Toronto’s NOW magazine in November and launched its own CannCentral.com.

Phunware Inc (NASDAQ:PHUN) revealed that its digital front door mobile app has been recognized as an AVIA vetted product this month, sending shares higher. The Phunware solution helps bridge the gap between hospitals and patients and provides an end-to-end mobile solution serving patients, visitors and staff. Over the last five years, AVIA has worked with leading health systems to accelerate their digital strategies. Its health system members can now access an expanded ecosystem of resources to improve digitally-enabled health in communities worldwide.

Arcadia Biosciences Inc (NASDAQ:RKDA) announced Thursday a new strategic partnership with two companies to introduce its GoodHemp seed line to California growers. The company is partnering with Grow West, one of the largest independent marketers of agricultural products in the state, and Buttonwillow Warehouse Company (BWC), a family-owned and operated fertilizer and crop protection products company in central and Southern California.

The Canadian Securities Administrators (CSA) announced Thursday that the body is issuing a 45-day extension for certain regulatory filings required on or before June 1 due to the impact of the coronavirus (COVID-19) on markets. The blanket relief covers financial statements, management's discussion and analysis, management reports of fund performance, annual information forms, technical reports and certain other filings.

Gevo Inc (NASDAQ:GEVO) remains a stock with upside potential according to analysts at Noble Capital Markets, who maintained an Outperform rating and a $3 price target following the release of the company’s fourth quarter results this week. The environmental company narrowed its non-GAAP loss to $4 million from $4.7 million in the same period a year earlier as a bump in hydrocarbon sales outpaced slowing ethanol numbers, which the firm said was in-line with its expectations. Broadly, Noble pointed to progress from Gevo on its Phase 1 initiatives of achieving lower carbon intensity through the proliferation of wind energy and renewable natural gas (RNG).

Group Eleven Resources Corp (CVE:ZNG) (OTCMKTS:GRLVF) unveiled encouraging drill results from the Ballinalack zinc project in Ireland, which identified a new and compelling new target. Five diamond drill holes were sunk between August and November last year at the property, where the firm has a 60% interest, said the company in a statement issued Thursday. "The latest drill results have been successful in identifying a new and very compelling zinc target at Ballycorkey with geological attributes similar to nearby zinc deposits at Navan and Ballinalack," said Bart Jaworski, Group Eleven's CEO. "The Navan Beds are clearly underexplored at the Ballinalack property and significant discovery potential remains both regionally and near the existing resource."

eWellness Healthcare Corporation (OTCMKTS:EWLL) has applauded the US Centers for Medicare and Medicaid Services’ (CMS) move to ease Medicare telehealth restrictions in allowing physical therapists to provide e-visits initiated by patients. CMS did not previously recognize physical therapists among the health care professionals allowed to bill codes associated with the visits, eWellness noted in a statement. The physical therapy telehealth company said the CMS announcement on March 17 is part of a set of “loosened requirements” that CMS has adopted to expand the provision of telehealth and patient-initiated digital communication, such as e-visits, to help blunt the spread of the coronavirus outbreak.

American Battery Metals Corporation (OTCMKTS:ABML) has officially confirmed its previously-announced $10 million strategic investment, with the full funding expected by April 19. The investment is from Newood Finance Solutions Limited, a corporation in Fiji doing business as Unifinance Limited which is an affiliate of VCM Group Pty Limited, American Battery Metals’ engineering, procurement and construction partner. The funding will allow Nevada-based American Battery Metals to pursue lithium-ion battery recycling and its advanced extraction technology.

NetCents Technology Inc (CSE:NC) (OTCMKTS:NTTCF), the cryptocurrency payments specialist, said Thursday that it has struck an enterprise agreement with Link Global Technologies Inc (CSE:LNK) to work together to create a dynamic "fixed-income" type product for investors looking for strong returns with a short 365-day time horizon. The Toronto-based company said clients will purchase units that will “generate returns through bitcoin mining” with more concrete details to follow, but returns are projected to “exceed 25% over a 12-month horizon.” "I am extremely excited to help bring such an exciting product to market," NetCents Technology CEO Clayton Moore said in a statement.

CytoDyn Inc (OTCMKTS:CYDY) announced Thursday that two coronavirus patients have been treated with its investigational new drug leronlimab. In a statement, the group said the treatment was administered at a leading medical center in the New York City area under the emergency Investigational New Drug (IND) order recently granted by the US Food and Drug Administration. Leronlimab is intended to serve as a therapy for patients who experience respiratory illness as a result of contracting the coronavirus disease (COVID-19).

Co-Diagnostics Inc (NASDAQ:CODX) announced Thursday that CoSara Diagnostics Pvt Ltd, its joint venture based in India, has become the first company in the country to receive a license to manufacture coronavirus (COVID-19) test kits.  The company plans to sell its RT-PCR COVID-19 tests in the Indian market as well as the surrounding region. CoSara received expedited approval for its license from India’s Central Drugs Standards Control Organisation (CDSCO), thanks to its involvement with the “Make in India” initiative, a country-wide effort to transform India into a design and manufacturing hub.

Empower Clinics Inc (CSE:CBDT) (OTCMKTS:EPWCF), the vertically integrated health and life sciences firm, has told investors that patient visits to its corporate clinics continue at a record pace amid the coronavirus outbreak. The company runs a network of physician-staffed wellness clinics and, as reported earlier this month, patient visits increased by 800% in February compared to the same month in 2019. On March 4, Empower reported that total patient visits came in at 1,817 in February 2020 compared to 227 in February 2019.

Bragg Gaming Group Inc (CVE:BRAG) (OTCMKTS:BRGGF) told shareholders Thursday that “growth is ongoing” thanks to a strong first-quarter performance and record revenues. The company’s comments came in a business update in light of the global coronavirus pandemic, which has caused a worldwide health crisis and disrupted financial markets around the world. Toronto-based Bragg said that its management is “actively tracking” the impact of the virus on the gaming industry and has not made any amendments to their 2020 guidance.

Lexaria Bioscience Corp (OTCMKTS:LXRP) (CSE:LXX), a specialist in drug delivery technology, revealed Thursday that it has initiated a program with top labs in the United States and Canada to study the benefits of the company’s DehydraTECH drug delivery platform for boosting the delivery and effectiveness of certain antiretroviral drugs being tapped in the fight against the coronavirus (COVID-19). Researchers are currently investigating different antiretroviral drugs as potential candidates to combat the disease.

Kincora Copper Ltd (CVE:KCC) told investors it has closed its earlier announced deal with RareX Ltd concerning copper-gold assets in New South Wales, firing the starting gun on the company carrying out high impact drilling at a number of targets in Australia's foremost porphyry belt. Kincora now has a controlling interest across 1,732 square kilometres (km) in the key belts of the Macquarie Arc, with a pipeline of targets being systematically advanced.

Perma-Fix Environmental Services Inc (NASDAQ:PESI) swung to a profit in its latest quarterly results as the nuclear services company nearly doubled revenue thanks to triple-digit growth from its services segment. The Atlanta-based firm posted revenue of $22.1 million during the fourth quarter, an 88.1% increase from the $11.7 million figure it posted in the same period a year earlier. Its services segment saw revenue increase by 341% to $11.8 million compared to $2.7 million over the same period a year prior.

TRACON Pharmaceuticals Inc (NASDAQ:TCON) has named Saundra Pelletier, who currently heads up Evofem Biosciences Inc (NASDAQ:EVFM), as a new board director. Pelletier is currently CEO, president and an executive director, at Evofem, which is a clinical-stage biopharmaceutical company focused on women’s sexual and reproductive health. She is leading that firm's effort to bring Phexxi, a new, non-hormonal contraceptive candidate, to women. Pelletier was named San Diego Business Journal's 2019 Businesswoman of the Year.

mCloud Technologies Corp (CVE:MCLD) said the TSX Venture Exchange has accepted for filing documentation relating to the asset purchase agreement dated February 9, 2020, between it and certain arms-length parties, whereby the company will acquire all of the assets of AirFusion Inc., an artificial intelligence (AI) visual inspection and monitoring technology provider based in Boston, and its subsidiary, AirFusion Europe GmbH, existing customer contacts and technologies under development from its partner in Warsaw, Poland. As partial consideration, the company will issue 200,000 common shares on closing and up to an additional 200,000 common shares within a one-year period upon the achievement of certain performance targets and conditions having been met.

Dyadic International, Inc. (NASDAQ:DYAI) has said its chief financial officer Ping Rawson will be presenting at this year's New York City-based Spring Investor Summit being held March 25-26 which will now take place virtually, featuring over 500 registered executives and investors. The group noted that investors will still be able to view all the company presentations directly in the conference event platform on the event days, while 1:1's will now be scheduled and conducted via phone lines with a dedicated PIN for each meeting. Dyadic said its company presentation can be via a webcast on March 25th, 2020 at 2.40pm Eastern Standard Time (EST): https://www.webcaster4.com/Webcast/Page/2038/33639

Recruiter.com Group, Inc. (OTCMKTS:RCRT) also said it will be presenting at this year's New York City-based Investor Summit. It noted that the Investor Summit (formerly MicroCap Conference) is an exclusive, independent conference dedicated to connecting small-cap and micro-cap companies with qualified investors. The group added its presentation can also be viewed via a webcast on March 25 at 1.25pm EST: https://www.webcaster4.com/Webcast/Page/2038/33650

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