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NA Proactive news snapshot: American Rebel Holdings, Co-Diagnostics, ElectraMeccanica Vehicles, Gevo, Ideanomics UPDATE …

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

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American Rebel Holdings Inc (OTCQB:AREB) CEO Andy Ross will be interviewed on May 12 by Wayne Allyn Root on WAR Now: The Wayne Allyn Root Show, syndicated nationally by the USA Radio Network. Listeners can listen to the live show at 8:35 pm ET on participating radio stations, or by using this link: https://usaradio.com/show/wayne-allyn-root-show/. Ross will discuss the increase in gun sales and the corresponding increase in safe sales since the start of the coronavirus (COVID-19) pandemic. Ross will also explain why American Rebel uses only American-made steel in their safes. With the pandemic disrupting supply chains, American Rebel’s move to manufacture all its products in the US could put it at a distinct advantage. 

Co-Diagnostics Inc (NASDAQ:CODX) will release its first quarter 2020 earnings on May 14 after the close of trading and will hold an earnings call at 4:30 pm EDT. The call is expected to consist of prepared remarks by CEO Dwight Egan and include mid-quarter guidance for 2Q 2020. Analysts providing coverage for Co-Diagnostics will also be invited to participate in a question and answer session. US callers may dial toll free at 1-877-309-2073. International callers can access the call by dialing +1-646-749-3129. The access code to join the call is: 531-241-589. The call will be recorded and later made available on the company's website.

ElectraMeccanica Vehicles Corp (NASDAQ:SOLO) is making “significant progress” towards launching its flagship SOLO electric vehicle in late 2020. The Vancouver-based company reported its first quarter 2020 results on Tuesday that showed the manufacturer generated C$116,813 while significantly narrowing its losses compared to the three-month period a year prior. ElectraMeccanica is targeting a commercial launch of SOLO in Los Angeles shortly followed by further rollouts along the West Coast later in the year.

Gevo Inc (NASDAQ:GEVO) ended its first quarter of 2020 with cash and cash equivalents of $9.3 million as it prepares for the eventual opening of its production facility in Luverne, Minnesota. In late March, the company suspended operations at the Luverne facility in response to the market disruption caused by the coronavirus (COVID-19) pandemic. Gevo continues to produce renewable isooctane (gasoline) and jet fuel at its plant in Silsbee, Texas. In the meantime, two wind turbines that will supply up to 5 megawatts (MW) of fully renewable electricity to the Luverne facility have been placed back into service.

Ideanomics Inc (NASDAQ:IDEX), a New York-based commercial electric vehicle and fintech company with offices in Beijing, reported first quarter results late Monday that showed EV taxi sales in China even during the coronavirus (COVID-19) pandemic. The company brought in revenue of $400,000 in the three months to March 31, including $55,000 from EV sales. Gross profit for the quarter was $44,000. Achieving those sales during a period where nearly all economic activity in the country was at a standstill is a testament to the Ideanomics’ sales and operations team, the company said.

Champignon Brands Inc (CSE:SHRM) (OTCQB:SHRMF) announced a key acquisition on Tuesday that supports the company’s bid to open five new US healthcare clinics in 2020. The firm, which manufactures and delivers ketamine and psychedelic medicine, is acquiring California-based Wellness Clinic of Orange County Inc in a cash-and-share deal. Wellness Clinic owns a state-of-the-art ketamine infusion treatment centre within the Mission Hospital’s Laguna Beach location. The clinic is actively involved in research and complementary treatment protocols, Champignon said in a release.

Phunware Inc (NASDAQ:PHUN) said Tuesday that it had struck a partnership with Diversified, a technology solutions provider, to provide category-defining mobile experiences for businesses globally. Diversified has more than 25 years of industry experience and over 50 offices serving its Fortune 500 clients around the world. It delivers digital media, collaborative, Internet of things, information technology, broadcasting, electronic security and over-the-top solutions to a diverse client base. The organization employs more than 2,500 people in offices dotted around the globe.

CleanSpark Inc (NASDAQ:CLSK) posted quarterly results Tuesday revealing revenue that surged five-fold year-over-year on sales of custom switchgear equipment. The company saw revenue of $3.6 million during the three months ended March 31, 405% more than the $723,889 it recorded in the same period last year. During the past two quarters, CleanSpark has delivered $4 million in custom switchgear equipment. The company has another $3.5 million in hardware purchase orders under contract, which it expects to deliver over the next to quarters. Cleanspark said it continues to target $7 million in delivered equipment sales before the end of its fiscal year at the end of September.

Allot Ltd (NASDAQ:ALLT), the smart network intelligence solutions company, posted first-quarter results on Tuesday that showed its revenue jump 16% year-over-year boosted by its security offerings, which drew several new operators. For the quarter ended March 31, 2020, the company posted unaudited revenue of $29.3 million, compared to $25.3 million in the same period a year earlier. The company also reported a lower non-GAAP net loss of $0.4 million and a GAAP loss $1.7 million, or ($0.01) per share, compared to a non-GAAP net loss of $1.9 million and a GAAP loss of $3.3 million in the first quarter of 2019. That beat the consensus estimate for a loss of $0.09 per share. 

BevCanna Enterprises Inc (CSE:BEV) (OTCPINK:BVNNF) is to bring the US cannabis vape brand Bloom to retailers across Canada. The cannabis drinks firm has inked a definitive deal with cannabis operator Capna Intellectual Inc, which will see the former manufacture and sell Bloom branded products, including cannabis concentrates and extracts, it said in a statement. The deal covers an initial term of five years, with automatic five year renewal periods, and BevCanna will pay Capna a royalty of 38% of all net profits derived from the products.

NexTech AR Solutions Corp (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29) has expanded its footprint into the video conferencing market by integrating Microsoft Teams and Skype into its InfernoAR virtual events platform. The augmented reality (AR) specialist said the integrations, following the incorporation of the Zoom video conferencing system in March, will extend InfernoAR’s capabilities as well as broadening its utility and held end-users become “even more productive”. Users can now launch a Zoom, Teams, or Skype meeting, breakout from within the InfernoAR platform, or upload a recorded meeting and make it keyword searchable with closed captioning in 64 languages, NexTech said.

ImagineAR Inc (CSE:IP) (OTCQB:IPNFF), an augmented reality (AR) company that enables businesses to create mobile AR campaigns, has signed a partnership with Engaged Nation, a digital entertainment marketer to the casino industry.  The plan is to integrate ImgaineAR’s interactive holographic content into Engage Nation’s REACH (Revenue/Engagement/Activation/Conversion/Hub) platform, which the firm offers to its casino clients. Adding ImagineAR to the mix offers casinos a new activation and engagement channel, particularly as social distancing has become the new normal during the coronavirus (COVID-19) pandemic, it said.

Media Central Corporation Inc (CSE:FLYY) on Tuesday released month-end data for April showcasing rising traffic to its three digital media platforms. Toronto’s NOW Magazine, Vancouver’s Georgia Straight and cannabis-specialty platform Canncentral.com all reported impressive month-over-month user, session and pageview growth for the second month in a row, Media Central said. “For the second month in a row, our digital publications are demonstrating rapid growth. We can attribute this to our technology team, strategic investment in upgrades, cross-pollinating our readers between publications and 24/7 quality omnichannel approach to publishing,” CEO Brian Kalish said in a statement.

Perma-Fix Environmental Services Inc (NASDAQ:PESI) announced Tuesday it achieved a profit during the first quarter of 2020 as revenue jumped by triple digits thanks to explosive growth in its Services Segment.  In a statement, the company said net income attributable to common stockholders was $1.2 million, or $0.10 per share, compared to a loss of $672,000, or ($0.06) per share for the same period last year. Revenue increased by 112.3% year-over-year to $24.9 million, led by Services Segment revenue which spiked by 748% year-over-year to $15.3 million due to the award of several contracts and task orders.

Perma-Fix also gave an update on how it is dealing with the coronavirus (COVID-19) pandemic, which forced the company in March and April to curtail operations and initiate layoffs as well as work-from-home policies. The provider of nuclear and waste-management services said it is beginning to remobilize on certain projects as field crews are being reactivated, and it believes it has sufficient backlog to address the recent slowdown and that shipments will resume in June.

Lexaria Bioscience Corp (OTCMKTS:LXRP) (CSE:LXX) has closed its previously announced private placement that raised over US$2 million for a pilot study on its DehydraTECH’s ability to orally deliver antiviral drugs. The Kelowna, BC-based company is kicking off a human pilot study to look into the effectiveness of the DehydraTECH technology to enhance the oral bioavailability of antiviral drugs that could be used to treat coronavirus (COVID-19) or other infectious diseases. "This financing has strategic value to Lexaria over and above the dollars raised," said Chris Bunka, Lexaria’s CEO in a statement. "We expect that our financial needs are now met for the balance of 2020 and include our ability to prepare for a national stock exchange uplisting later in the year.”

Naturally Splendid Enterprises Ltd (CVE:NSP) (OTCMKTS:NSPDF) announced that it has appointed Mehrab Manteghian to its advisory board as a research and development (R&D) scientist and a scientific advisor. The company said Manteghian’s duties will be directed towards providing expertise when reviewing, implementing and executing scientific research studies. Since joining Naturally Splendid in 2019 as an R&D scientist, the firm noted that Manteghian has led its R&D team to “several successful product launches for both company branded products as well as developed several commercially successful recipes for contract manufacturing clients”.

InnoCan Pharma Corporation (CSE:INNO) has unveiled plans for an up to C$10 million public offering of units to fund research and product development costs, sales, marketing and operating expenses. The cash will also be used for working capital and general corporate purposes, the company added in a brief statement. Each unit will consist of one company share and a number of share purchase warrants to be determined in the context of the market. Each warrant is exercisable into one company share at an exercise price to be determined in the context of the market. The final pricing of each unit, the exercise price of each warrant, the amount of warrant to be included in each unit, and the term of each warrant will be determined in the context of the market prior to the filing of the final short form prospects.

Hillcrest Petroleum Ltd (CVE:HRH) (OTCMKTS:HLRTF) is set to market its previously licensed transformational electrical generation technology in the European Union (EU) as well as the USA. In a statement on Tuesday, the junior oiler said it has signed a memorandum of intent securing an option to market licenses for the tech in the EU through ALSET Innovations Ltd, which is a private company owned by Hillcrest and its partner, Oropass Ltd, formed as the vehicle for their joint venture, which was announced on May 4. As with the USA licensing rights, ALSET intends to secure its exclusive option to license the technology with a modest cash deposit on or before the end of this month.

Internet of Things Inc (CVE:ITT) (OTCMKTS:INOTF) announced Tuesday that it has created a new management team spearheaded by four industry veterans to transform the company into a next-generation artificial intelligence (AI) technology developer and services company. The company said that Darryl Smith, who is the current chief technology officer at Internet of Things, will take on the role of CTO at AI Labs Inc, the product development arm of the company. In addition, accomplished electronics engineer Malcolm Rook has been tapped as AI Labs new chief innovation officer.  Meanwhile, Robert Klein, who has over two decades of experience in operations and corporate development will be the company’s new chief operating officer. And seasoned media communications and government relations strategist Thomas Park rounds out the new appointments. He will be vice president of government relations and regulatory affairs at Internet of Things.

Vert Infrastructure Corp (CSE:VVV) (OCTMKTS:CRXPF) has reshuffled its board and is plotting a new direction, with David Whitney appointed as its chief financial officer and two new directors named, including Alnoor Nathoo who is to become its interim CEO. Vert, which is engaged in the branding, investing, constructing, owning and leasing of infrastructure for licenced and permitted specialty agricultural businesses, noted that Whitney previously served as the CFO and a director of fintech firm RentMoola Payment Solutions for over four years until March 2020 and has experience in financial reporting and advisory consulting. The company -  formerly known as CROP Infrastructure Corp - also said that its CEO, Arif Merali, who had also been acting as interim CFO, will step down from the positions but remain as an independent board member, with Nathoo to serve as interim CEO in his place.

Exactus Inc (OTCQB:EXDI) said it has appointed Mark Alouf, the co-founder and chief operating officer of enterprise infrastructure and public cloud firm P1 Technologies, to its advisory board. Before founding P1 Technologies, Alouf worked at IBM as a sales specialist and then moved on to become the development manager for NQL Inc where he was responsible for new customer acquisitions, working closely with a network of channel partners, developing account strategies, and overseeing implementation of customer solutions. Alouf also previously served in account management roles for Unisys and EMC.

Aftermath Silver Ltd (CVE:AAG) said that the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement, announced on May 4, 2020, that will see the issue of 7.5 million shares at a purchase price of 20 cents each, together with warrants to purchase 3.75 million shares at an exercise price of 25 cents for a three-year period, with seven placees.

Helix Technologies, Inc, (OTCQB:HLIX), the leading provider of critical infrastructure services to the legal cannabis industry, announced that its financial results for the first quarter of fiscal year 2020 will be published on Friday, May 15, 2020, and it will host a conference call at 5.30pm Eastern Time on Monday, May 18 to discuss the results and the company’s positioning for growth for the remainder of 2020 and beyond. There will be a live Q&A following the presentation portion of the call and Investors are also encouraged to submit questions via email prior to and during the call by emailing [email protected]. Interested parties can participate in the call by using the following information: Attendee Dial In: 866-342-8588 or 203-518-9865; Passcode or ID: 43549.

Capstone Turbine Corporation (NASDAQ:CPST), the world's leading clean technology manufacturer of microturbine energy systems, will be participating in the alphaDIRECT Virtual Conference Series on Thursday, May 14, 2020, at 11.00am PT/2.00 pm ET. As a follow-up to alphaDirect's latest Management Series, Jen Derstine, Capstone Turbine's vice president of Marketing and Distribution, will present an overview of how Capstone has been adapting to doing business in the middle of a global pandemic, followed by a short audience question and answer session. The presentation is open to all investors and will be webcast live and available for replay by visiting the Investor Relations section of the company's website at www.capstoneturbine.com and under the alphaDIRECT Investor Center page at www.alphadirectadvisors.com. Investors interested in participating in this event must register using the link below. Please note that registration for the live event is limited but may be accessed at any time for replay. Registration Link: https://globalmeet.webcasts.com/starthere.jsp?ei=1319275&tp_key=deb7fed8a0

OTC Markets Group Inc. (OTCQX:OTCM), operator of financial markets for 10,000 US and global securities, has announced that Ely Gold Royalties Inc. (CVE:ELY) (OTCQX:ELYGF), a junior royalty company with producing and development assets in Nevada and Quebec, has qualified to trade on the OTCQX Best Market and has upgraded from the OTCQB Venture Market. Trey Wasser, Ely Gold's president & CEO commented, "We are extremely pleased to have met the qualifications for the OTCQX where we will now trade with premier foreign issuers and where we will also be able to enhance our liquidity and strengthen our shareholder base. The past eighteen months has been very exciting for our team and our shareholders. We look forward to a bright future, building our royalty portfolio and generating returns for our shareholders."

Seelos Therapeutics, Inc. (NASDAQ:SEEL), a clinical-stage biopharmaceutical company focused on the development of therapies for central nervous system disorders and rare diseases, has announced that it will participate in the Jefferies Virtual Healthcare Conference, June 2-4, 2020. The group said Raj Mehra, its chairman and CEO, will host one-to-one meetings via conference calls. Additional information about the Jefferies Virtual Healthcare Conference can be found at: https://www.jefferies.com/IdeasAndPerspectives/Conferences/325/060220

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