NA Proactive news snapshot: EnWave, BioLargo, Pressure BioSciences, PyroGenesis Canada, VolitionRx UPDATE ...

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

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EnWave Corporation (CVE:ENW) signed a new agreement with an Eastern European fruit company to gauge the potential commercial use of its proprietary dehydration technology. The Vancouver-based company announced the technology and license option agreement on Monday that will see the two companies evaluate EnWave’s Radiant Energy Vacuum’s (REV) capacity to produce premium dehydrated fruits and vegetable products. If successful, the trial could lead to REV being deployed in several countries throughout Europe, according to EnWave, which called it a “promising opportunity” to leverage the technology.

BioLargo Inc (OTCQB:BLGO) announced Thursday that Clyraguard, a spray developed by subsidiary Clyra Medical Technologies, was shown to cause complete inactivation of the SARS-CoV-2 virus in lab testing. Clyraguard is a personal protective spray designed to help frontline healthcare workers prevent cross-contamination of their personal protective equipment from SARS-CoV-2, the virus that causes COVID-19. The product is colorless and odorless and has been found to be non-toxic, non-irritating, non-sensitizing and non-staining.

Pressure BioSciences Inc (OTCQB:PBIO), which is merging with Cannaworx Inc and SkinScience Labs Inc to become Availa Bio, announced that Cannaworx is expanding its sales and distribution network by signing a letter of intent to acquire Louisiana-based Five Leaf Labs (FLL). The company said the expansion comes at a “critical time” for Cannaworx as it is gearing up for the market launch of its first two products over the coming few weeks. In a statement, Five Leaf Labs founder and president Keyon Janani said the company’s hemp-derived, CBD products are made exclusively from organic, pesticide-free hemp.

PyroGenesis Canada Inc (CVE:PYR) (OTCQB:PYRNF) announced Tuesday it has entered into the final stages of negotiations over an equipment-supply contract with a major iron ore pelletization client. The company said the client is a multi-billion-dollar international producer of the pellets and one of the largest in the industry whose name remains confidential for competitive reasons. The client has over 10 plants each requiring about 50 plasma torches to replace existing fossil fuel burners. 

VolitionRx Limited (NYSEAMERICAN:VNRX) announced a new funding round to support the epigenetics company’s continued product development and clinical studies. The Austin-based company said that it is offering shares of the company in an underwritten public offering led by National Securities Corporation, a wholly owned subsidiary of National Holdings Corporation (NASDAQ:NHLD). All shares are being offered by Volition, with no firm details yet as to the offering’s size or terms, the company said Tuesday. A portion of the funds raised will also be used for potential strategic acquisitions.

Blockchain Holdings Ltd (CSE:BCX) (OTCMKTS:UTOLF) announced that its wholly-owned subsidiary TRACEsafe Technologies Inc has won additional orders for its contact tracing and self-quarantine monitoring technology from the Hong Kong Office of Government Chief Information Officer (OGCIO). TraceSafe is a set of patent-protected health and safety products, including a bracelet with an embedded chip and related software to track the wearer's location. Blockchain said the burgeoning category of health and safety wearable technology will be “instrumental” to reopening economies following the coronavirus (COVID-19) pandemic. The technology can also be deployed by governments around the world to support their self-quarantine programs.

CleanSpark Inc (NASDAQ:CLSK) announced Tuesday that it won additional US patent protection for its proprietary energy microgrid distribution system. The Utah-based company makes software that allows an energy microgrid to be scaled to the user's specific needs and implemented across commercial, industrial, military, and agricultural sectors. "Today's patent specifically protects our proprietary system and method for distributing energy between microgrids,” said CEO Zachary Bradford in a statement. “It particularly addresses the challenge of determining when it is appropriate for one microgrid to share power with another microgrid. In the patented system and method, a microgrid forecasts its own future power needs, the microgrid then uses this forecast to determine if and when to share power with another microgrid.

NexTech AR Solutions Corp (CSE:NTAR) (OTCQB:NEXCF) has enhanced its InfernoAR remote video live streaming platform by adding event management platform Cvent Solutions to the mix. Integrating Cvent will allow users to more easily register for one-time events or create user accounts to earn full portal access. InfernoAR will be able to programmatically send unique login information to attendees, allowing them to join events through their own personal calendars with a single click, rather than requiring a shared password.

Thunderbird Entertainment Group Inc (CVE:TBRD) (OTCMKTS:THBRF) announced Tuesday that its animated series Molly of Denali has been nominated for an esteemed Peabody Award. The series is co-produced by WGBH Boston and the company's kids and family division Atomic Cartoons, for PBS KIDS and CBC Kids. Overall, the Peabody Awards Board of Jurors has selected 60 nominees that represent the most compelling and empowering stories released in broadcasting and digital media during 2019.  The nominees were chosen by a unanimous vote of 19 jurors from nearly 1,300 entries from television, radio/podcasts and the web in entertainment, news, documentary, children's and public service programming.

Seelos Therapeutics Inc (NASDAQ:SEEL) is set to host a key opinion leader call to discuss the unmet medical needs in suicide and depression, featuring an eminent academic and author. The call will feature a discussion with Dr David V Sheehan, the University Health Professor Emeritus at the University of South Florida College of Medicine, who will discuss the unmet medical needs in treating suicidal patients with depression and other mental health conditions. The call will take place on Tuesday, May 26 at 1pm Eastern Time. Domestic callers can dial-in using 877-407-0789, while international callers can dial 201-689-8562.

Verde AgriTech Plc (TSE:NPK) (OTCQB:AMHPF) has seen a huge growth in revenue in its first-quarter driven by higher production and fertilizer sales of over 10,000 tons. The Brazil-based company reported C$509,532 in revenue, a 230% increase from the C$154,279 it reported during the year-ago quarter. Production and sales were both higher than last year’s quarter, with production up 32% at 6,375 tons and sales increasing by 830% to 10,170 tons.

mCloud Technologies Corp (CVE:MCLD) (OTCMKTS:MCLDF), the IoT and AI specialist, is joining forces with SecureAire to create a tech solution to beat the spread of the killer coronavirus within buildings. The firm is combining the air quality capabilities of its AssetCare monitoring platform with air purification technology via a partnership with SecureAire. mCloud's AssetCare is deployed via IoT thermostats and air quality sensors to adaptively ventilate and manage airflow, while SecureAire provides an air filtration system, which is used today in over 60 hospitals.

GlobeX Data Ltd (OTCQB:SWISF) (CSE:SWIS) announced Tuesday that it has signed a distribution agreement with ValueData Technologies Pvt Ltd of India for all its cybersecurity, data backup, secure communications and Internet-privacy solutions. ValueData, based in Mumbai, has already received several requests for GlobeX's suite of data protection and secure communications and is embarking on a national roll-out of all GlobeX's solutions -- DigitalSafe, PrivaTalk Messenger, PrivaTalk and Custodia. "We are very happy to penetrate the vast and fast-growing cybersecurity market of India,” said GlobeX CEO Alain Ghiai in a statement. “Internet privacy and data security in India has become a prime concern with government organizations, businesses, and wealthy individuals looking at protecting their privacy and their valuable financial information.”

CytoDyn Inc (OTCQB:CYDY) has announced plans to work with the Mexican National Institutes of Health (NIH) on a trial of leronlimab for severe coronavirus (COVID-19) patients in the country. The initial trial is expected to include about 30 patients, the company said. After that, there is potential for the NIH of Mexico to get involved in the group's two larger coronavirus trials. “The NIH of Mexico is committed to help alleviate human suffering and mortality of Mexican citizens,” CytoDyn CEO Nader Purhassan said in a statement. “The metropolitan area of the Valley of Mexico has a population of approximately 21.5 million people and the contagious nature of COVID-19 is relentless.”

Loop Insights Inc (CVE:MTRX) said it has signed a memorandum of understanding (MOU) with Sun Global Broadband (SGB), a super long-range WiFi specialist, to target international tourism and public safety in the State of Hawaii and for the 2021 Tokyo Olympic Summer Games. Under the deal, the two companies will work together to implement Loop products in SGB’s current and future projects in Hawaii, the verticals of which include smart city, hospitality, food and beverage, convenience and retail applications. SGB has also agreed to introduce Loop to its global partnerships and will look to leverage its network to deliver a fully integrated solution for many opportunities, including the introduction to Japanese companies for the 2021 Summer Olympic Games.

Capstone Turbine Corporation (NASDAQ:CPST) revealed its microturbine energy system technology has been selected to power a global pharmaceutical facility in Mexico. The firm said DTC Solutions, its exclusive distributor in Mexico, has secured the order for a 600 kilowatt (kW) Signature Series microturbine to a leading pharmaceutical manufacturer which is due to be commissioned in July. Capstone said the natural-gas-powered microturbine will be installed in a 90,000-square-foot facility and serve as a pilot project to show the benefits of microturbine technology in a combined heat and power (CHP) application, with the potential to implement the solution across two additional manufacturing facilities.

AgraFlora Organics International Inc (CSE:AGRA) (OTCPINK:AGFAF), a joint venture partner in Propagation Services Canada Inc which operates a greenhouse in Delta, British Columbia said the facility has secured a standard cultivation license from Health Canada. "Obtaining the license at the Delta facility marks the end of a journey commenced in Q4 2018 and is the key milestone in beginning cannabis sales from what is the second largest and one of the most advanced greenhouses in Canada,” AgraFlora Organics CEO Brandon Boddy said in a statement on Tuesday. “With license in hand, we’re commencing the cultivation of a curated portfolio of elite live plant genetics that will enable us to execute on a focused strategy of high-potency, low-cost cannabis to drive high-volume value brands from coast to coast,” he added.

Kincora Copper Ltd (CVE:KCC) revealed Tuesday it has got off to a good start in Australia, with the first exploration hole at its Trundle project in New South Wales underlining the potential of the property. The hole was sunk to a depth of 685 metres (m) at the Trundle Park target and showed positive visual results, hitting multiple mineralized skarn zones and confirming the potential links to the adjacent porphyry system, the company said. Previously, the average depth of holes sunk at the Trundle Park target was only 28 metres, and a high priority follow up hole is planned after these assays are received, it added.

Mota Ventures Corp (CSE:MOTA) (OTCPINK:PEMTF) said it has completed an audit of the Nature's Exclusive brand’s 2019 financials having completed an acquisition of the business at the start of 2020. The company said the brand, which provides CBD products to consumers in the US and Europe, clocked up revenue of C$29,034,000 and produced net income of C$3,505,000 over the year, while associated expenses were C$25,530,000. "Completion of the 2019 audit is a culmination of an extensive team effort, and represents a significant milestone in the validation of our eCommerce business,” Mota Ventures CEO Ryan Hoggan said in a statement. Throughout the 2019 calendar year, Nature's Exclusive brand was operated as a separate business segment of Unified Funding LLC.

Japan Gold Corp (CVE:JG) (OTCMKTS:JGLDF) has announced the start of a huge exploration program in Japan as part of the Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) alliance, announced in February this year, to jointly explore, develop and mine properties in the country. The junior company will be the operator of the work, which includes stream sampling and gravity surveys, and which will progress from the south to the north of Japan. It is expected to be completed within a year. "The regional exploration program will assist the Barrick Alliance in evaluating the Japan Gold portfolio of projects to determine areas with anomalous gold showings and potentially fertile large structures," John Proust, Japan Gold's CEO said in a statement.

ImagineAR Inc (CSE:IP) (OTCQB:IPNFF) announced Tuesday that Division ONE Sports founder Troy Miller has joined the company as an advisor to the CEO with the goal of bringing augmented reality (AR) to college and pro sports stadiums amid the coronavirus (COVID-19) pandemic. Miller’s Division ONE Sports has worked in the sports marketing and consulting services at the college and pro levels since 2003, ImgaineAR noted in a statement. All told, Miller himself has more than $500 million in sports sponsorship and media deals under his belt after 30 years in the industry. The idea is to give sports teams new tools to engage with fans at a time where packing into a stadium isn’t possible.

RNC Minerals Inc (TSE:RNX) has released positive new drill results from its Higginsville operation that highlight the potential at the Western Australia property. Drilling at the Pioneer gold deposit on the project extended the mineralization and identified a shallow-plunging high-grade shoot that shows potential for underground development. Results include intersections of 5.4 grams per ton (g/t) gold over 17 metres from 67 metres, including 10.7 g/t over 6 metres. At the company’s paleochannel project, intersections from one target, Jupiter, included results of 234 g/t over 2 metres downhole from 90 metres and 39.2 g/t over 2 metres downhole from 64 metres.

Raffles Financial Group Limited (CSE:RICH) announced on Tuesday that it had been hired as an investment advisor for Red Oak Capital's Red Oak Multi-Asset (ROMA) Elite Strategy. The group's subsidiary Raffles Financial Pte Ltd will provide financial advice to supplement and align the overall direction of ROMA, which seeks to consistently generate positive returns from investing in bonds, equities, forex and financial instruments on companies that are going public through an IPO/RTO and may have a daily mark-to-market value. The aim is to achieve 12% per annum performance and the target for the first tranche will be US$100 million, which is anticipated to grow to US$1 billion within the next 18 months.

KULR Technology Group Inc (OTCMKTS:KULR) and its partner in Japan could be the tip of the spear in the fight against the coronavirus (COVID-19) pandemic by keeping protective gear safe. Campbell, California-based KULR Technology, which famously provided breakthrough cooling solutions for National Aeronautics and Space Administration (NASA) deep space missions, has now come up with a nifty personal protective equipment (PPE) decontamination device. Not surprisingly, the breakthrough device has already evoked interest from the Air Force Medical Group and is likely to catch on with other wings of the US defense services.

Heritage Cannabis Holdings Corp. (CSE:CANN) (CNSX:CANN.CN) (OTCMKTS:HERTF) has said that at its annual general meeting held on May 15, 2020, the company's shareholders approved all of the items put forth. The group said this included a special resolution fixing the number of directors at four, and permitting the board of directors of the company to determine the number of directors on the board from time to time within the minimum and the maximum number set in the company's articles of continuance, by a resolution of the directors, subject to the limitations set out in the Business Corporations Act (Ontario).

WeedMD Inc. (CVE:WMD) (OTCQX:WDDMF) (FSE:4WE), a federally-licensed producer and distributor of medical-grade cannabis, has announced that it will file its financial statements for the fiscal year ended December 31, 2019, after the market close on June 10, 2020. It noted that, due to unforeseen circumstances and logistical challenges resulting from the coronavirus (COVID-19) pandemic, its auditors had requested a date postponement and re-alignment within the approved 45-day exemption window provided by the regulators. As a result, WeedMD will now hold a conference call with management on Thursday, June 11, 2020, at 10 a.m. Eastern Time to report the financial results for the period and provide the company’s operational outlook for 2020. The call will be hosted by Angelo Tsebelis, CEO of WeedMD and CFO Lincoln Greenidge. Management will be available for analyst and media questions following opening remarks. Conference Call dial-in Numbers: Canada/USA: 1-800-319-4610; International Toll: 1-604-638-5340.

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