NA Proactive news snapshot: Internet of Things, Ideanomics, Maverix Metals, American Rebel, AgraFlora Organics UPDATE ...

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

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Internet of Things Inc’s (CVE:ITT) (OTCMKTS:INOTF) mass fever detection system was featured in an article on Fox.com Thursday night, the company announced. The story, titled, "As America reopens, fever-screening technology touted as promising tool,” discusses how businesses are turning to fever-screening technology like ThermalPass to spot possible carriers of the coronavirus at the door as they begin welcoming back customers. The device instantly screens for higher-than-normal body temperatures with an accuracy of 0.36 degrees Fahrenheit, thus identifying possible carriers of the coronavirus. If ThermalPass machines are stationed at the entrances of high-traffic public locations, they can potentially help reduce the risk of further spread.

Ideanomics Inc (NASDAQ:IDEX) announced Friday that it has entered into a 50/50 joint venture with Business Big Data PTE Ltd/Seasail Ventures (BBD) to create an investment company focused on new infrastructure projects in China. The new investment company will develop an artificial intelligence-enhanced China New Infrastructure bond product, introduce capital, and fund advisory services, according to a statement. Ideanomics said the investment company will utilize BBD's leading AI technology to provide risk management and selection models for equity and fixed-income products. Its bond product will be the first fund of its kind that enables investors to access value in China's new infrastructure growth.

Maverix Metals Inc (NYSEAMERICAN:MMX) (TSE:MMX) and Pan American Silver Corp (NASDAQ:PAAS) (TSE:PAAS) closed its secondary offering on Friday, netting Pan American just over US$45.5 million. Under the term sheet, Pan American sold 10.35 million shares of Maverix priced at US$4.40 per share for gross proceeds of US$45,540,000, which included the full exercise of an over-allotment option. Pan American now owns 25,483,500 shares of Maverix, or approximately 19.9% of the company on a non-diluted basis. The company also exercised 8,250,000 warrants on the closing of the secondary offering, netting Maverix proceeds of about US$15.6 million.

American Rebel Holdings Inc (OTCQB:AREB) revealed that it has seen an increase in sales of its gun safes and concealed carry backpacks driven by a wave of Americans shopping for firearms. "We're shipping safes to our dealers as fast as we can make them," American Rebel CEO Andy Ross said in a statement on Friday. News reports across the country have captured long lines at gun stores as protests, looting and riots increase already high levels of uncertainty, the company added.

AgraFlora Organics International Inc (CSE:AGRA) (OTCPINK:AGFAF) announced Friday that its wholly-owned subsidiary Farmako GmbH has signed a new supply agreement with Zenanbis Global subsidiary ZenPharm Ltd. The agreement sees ZenPharm supplying EU-GMP quality flower to Farmako to distribute to medical cannabis patients in Germany. Farmako anticipates distributing 1,500 kilograms of cannabis flower in Germany over a three-year term, with both parties having the option to extend the supply relationship.

The Valens Company (CVE:VLNS) (OTCQX:VLNCF) has announced a custom manufacturing agreement with Verse Cannabis, a group focused on bringing inventive product formulations rooted in cannabinoid science to the market. Under an initial five-year agreement, Valens will manufacture and distribute a range of next-generation products, such as hydrocarbon-derived crumble, one of the first such entries into the Canadian legal market. Valens will pay Verse royalties over the five-year term.

Ximen Mining Corp (CVE:XIM) (OTCMKTS:XXMMF) revealed it has increased its ground once again, snapping up a property in British Columbia which includes several historic gold-silver mines and prospects. The new asset is near Ymir in the south of the province and consists of 11 claims covering around 1,600 hectares. The small mines include the Protection (Goodenough), Blackcock, Arizona, Ymir-Good Hope, Commodore and also part of the Ymir historic mines. Ximen paid 600,000 of its shares to an arm's length vendor to acquire the property.

InnoCan Pharma (CSE:INNO) announced Friday that it has kicked off production of its Derma CBD line of commercial products in Portugal. The first product off the line will be InnoCan’s patent-pending Relief & Go CBD Spray, which was developed by chief technology officer, Nir Avram. "The patent-pending unique formulation of Relief & Go CBD Spray contains CBD isolate as anti-inflammatory, magnesium as muscle relaxant, [and] menthol and camphor as analgesics to provide temporary relief of muscle and joint pain, before and after sports activity,” Avram said in a statement. “I believe this is an effective product, which will be very successful in the market." The Israel-based company said it plans to start shipping product internationally within two weeks.

Atlas Engineered Products Ltd (CVE:AEP) (OTC:APEUF) has reached an engineered wood supply agreement with Taiga Building Products Ltd (TSE:TBL) (OTC:TGAFF) for its operating facilities in Canada. The deal replaces a regional supply agreement the company announced last year for eastern Canada, and AEP believes the move will result in significant cost savings. Additionally, the company projects that the guaranteed lead times and re-order and delivery elements provided by the Taiga arrangement will make a positive impact on customer satisfaction and project schedules.

DXI Energy Inc (TSE:DXI) (OTCQB:DXIEF) said it has now completed the sale of its wholly-owned Canadian energy business to privately held E&P group Tobinsnet Oil & Gas Ltd and has appointed a new CEO and finance chief. As reported in April this year, the firm was planning a sale of its hydrocarbon assets, including its Woodrush production facility in BC and its Kokopelli gas project in Colorado. In a statement on Friday, DXI revealed that all the issued and outstanding shares in its Dejour Energy (Alberta) Ltd (DEAL) subsidiary have now been sold for an undisclosed price, which includes an assumption of all its current and accruing liabilities. DXI also noted that Robert L. Hodgkinson has been appointed its chief executive officer and David Cross, chief financial officer, with immediate effect.

Biocept Inc (NASDAQ:BIOC), a molecular diagnostics company, has announced that it is relocating its corporate offices and advanced laboratory to a new location in San Diego, California. The company's new 39,000 square-foot headquarters, manufacturing and lab facility will be located at 9955 Mesa Rim Road, San Diego, CA 92121. The move is expected to be completed by year-end 2020, the company said.

Roth Capital Partners has repeated a 'Buy' rating on First Mining Gold Corp (TSE:FF) (OTCQX:FFMGF) following recent news of the proposed sale of its Goldlund gold project to Treasury Metals (TSE:TML) (OTCQX:TRSMF), which the broker says 'unlocks value' from First Mining's portfolio. "We view the transaction as a positive as management narrows its focus on Springpole, which we continue to view as First Mining's cornerstone asset," Roth analyst Jake Sekelsky said in a note to clients.

Aequus Pharmaceuticals Inc. (CVE:AQS) (OTCQB:AQSZF), a specialty pharmaceutical company with a focus on developing, advancing and promoting differentiated products, has announced a grant of 1,124,337 stock options to its chief operating officer to replace the same number of previously issued options that expired on May 31, 2020. These stock options are exercisable at a price of $0.09 per share, for a term of eight years. The terms of the stock options are in accordance with the company’s Stock Option Plan.

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