NA Proactive news snapshot: CleanSpark, PreveCeutical Medical, Ximen Mining, BioLargo, CytoDyn, Biome Grow 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

CleanSpark Inc (NASDAQ:CLSK) leadership published a letter to shareholders on Tuesday, informing investors that fiscal third-quarter revenue nearly tripled year-over-year on strong sales of its custom electric switchgear hardware and boosting its projections for the future. The company posted revenue of $3.4 million, an increase of 181% from $1.2 million in the same period of 2019. Gross profit more than doubled, rising 152% to $544,735 from $216,592. CleanSpark also narrowed its net loss to $0.77 per share from $0.90 per share in 2019.

PreveCeutical Medical Inc (CSE:PREV) (OTCQB:PRVCF) (FSE:18H) told investors it had retained Massachusetts-based Veristat, a global clinical research organization (CRO), to help it prepare for clinical trials of its Sol-Gel coronavirus (COVID-19) program. As reported in May this year, the health sciences group set out to extend its cannabis sol-gel nasal program to potentially act as a viral prevention to address the pandemic. Veristat will help design and develop the firm's coronavirus sol-gel clinical program and write the required protocol.

Ximen Mining Corp (CVE:XIM) (OTCQB:XXMMF), a mining company with three precious metals projects in southern British Columbia, is settling C$400,000 of debt with a shares-for-debt filing of 800,000 shares. The shares will be subject to a four month hold, the company said. The deal is subject to approval from the TSX Venture Exchange.

BioLargo Inc (OTCQB:BLGO) announced Tuesday that its July company wide sales more than doubled its historical monthly average thanks to its new foray into disinfectant. Its subsidiary Clyra Medical recently introduced Clyraguard Personal Protection Spray, an FDA-registered disinfectant for personal protective equipment (PPE), such as facemasks. Deliveries of the product began in late July and production is ramping up, the company said.

CytoDyn Inc (OTCQB:CYDY) announced Tuesday that an independent safety review of its ongoing Phase 3 clinical trial of leronlimab found no concerns and recommended the trial continue. The review was conducted by the Data Safety Monitoring Committee (DSMC), which looked at compiled safety data from 149 patients enrolled in the trial. Leronlimab is being studied as a potential treatment for the coronavirus (COVID-19).The treatment was previously granted Fast Track designation by the US Food and Drug Administration for the treatment of HIV in combination with highly active antiretroviral therapy (HAART), and for metastatic triple-negative breast cancer, a rare variety which doesn’t respond to some treatments. 

Biome Grow Inc (CSE:BIO) (OTCMKTS:BIOIF) revealed on Tuesday that it had closed the previously announced C$12.9 million sale of its Highland Grow Inc cannabis subsidiary to licensed producer MYM Nutraceuticals Inc. On closing, MYM paid Biome C$1.5 million in cash, and issued the company more than 42.8 million shares, or 19% of its share capital, making Biome MYM'S largest shareholder. It also issued Biome with over 132 million Class A Special Shares which are exchangeable into MYM common shares, representing a further 30% of the issued and outstanding MYM shares. 

Ipsidy Inc (OTCQB:IDTY) has reached a collaborative agreement with identity theft and fraud prevention firm Intellicheck (NASDAQ:IDN) to bring an enhanced suite of real-time facial biometric identity proofing and multi-factor authentication solutions to North America. The deal combines Intellicheck’s remote ID authentication with Ipsidy’s facial liveness and biometric matching services, which the companies say will give clients the confidence to know whether or not the person they are remotely dealing with is who they say they are. Together, the companies are able to provide authentication with greater than 99% accuracy for any person-not-present transaction, whether on the web or through a mobile app.

Hillcrest Petroleum Ltd (CVE:HRH) (OTCMKTS:HLRTF) has raised $1,022,100 in gross proceeds via an oversubscribed non-brokered private placement. The Canadian oil and gas producer intends to use the proceeds to fund the expansion of the West Hazel oil asset in Saskatchewan. Hillcrest also will use some of the proceeds to retire certain payables related to the issuer's oil and gas assets in Saskatchewan and for general working capital purposes. Under the offering, the company sold 20,442,000 million units (up-sized by 422,000 units) at $0.05 apiece, with each unit consisting of one common share and one-half of a share purchase warrant. Each whole warrant will be exercisable into an additional common share for $0.07 apiece for a period of two years.

BioSig Technologies Inc (NASDAQ:BSGM) said Tuesday it has installed its PURE EP System at Massachusetts General Hospital (MGH) as part of an expanding clinical study. The PURE EP System evaluation and data collection at MGH will commence under the leadership of investigator Dr Moussa Mansour, director of MGH’s Cardiac Electrophysiology Laboratory and Atrial Fibrillation Program. “Bringing our technology to a major EP institution on the east coast is a definite milestone in our clinical development,” said BioSig CEO Kenneth Londoner in a statement. “We look forward to working with Dr Mansour and the entire MGH team as we pursue our mission of bringing advanced signal processing solutions to the field of electrophysiology.”

First Mining Gold Corp (TSE:FF) (OTCQX:FFMGF) reported a blockbuster intersection from drilling at its Goldlund gold project in northwestern Ontario, according to results released Tuesday. The Vancouver-based company intersected 173.9 grams per ton (g/t) gold over one metre at the Main zone – the highest-grade interval to date in its current program, the firm said in a release. Another hole intersected 5.1 g/t over one metre at the same zone, which is on the northeast portion of the Goldlund deposit. With the last five holes reporting results, First Mining has now completed its 48-hole drill program on the property.

Medallion Resources Limited (CVE:MDL) (OTCMKTS:MLLOF) has revealed a boost to that its rare earth production plans as it inked a services agreement with Singapore-based Talaxis Ltd. The firm, which is a subsidiary of trading house Noble Group Holdings, will support the global sourcing and transport of monazite, along with marketing of finished products from Medallion’s proposed rare-earth element (REE) extraction plant. Medallion wants to produce rare-earth elements from processing monazite, which is a by-product of mining mineral sands, sourced from the southeast of the USA.

Cannabis One Holdings Inc (CSE:CBIS) (OTCMKTS:CAAOF) announced Tuesday the appointment of Alnoor Nathoo to its board of directors, one of several new additions the company said it plans to make.  The company also announced two resignations, that of board director Bernard Radochonski and interim CFO Theresa Mohan. Radochonski still remains a large shareholder and long-standing supporter of the company, the group noted. The executive-level personnel changes come as Cannabis One prepares to strategically rebrand itself INDVR Brands Inc in a bid to better reflect its cannabis distribution business model. Cannabis One noted that Nathoo brings a wealth of public and private company experience. He is the principal of a privately held hotel development company which over the past two decades has developed and sold over 10 hotels across Canada. 

Great Bear Resources Ltd (CVE:GBR) (OTCQX:GTBAF) has reported yet more stellar drill results from its flagship Dixie gold project in Red Lake, Ontario and also updated on its geological modelling work. The focus of drilling continues to be the LP Fault, which is basically an 18 kilometre (km) long target, where shallow high-grade gold mineralization continues to be found. Two new drill sections have been completed within a previously undrilled 140 metre (m) long segment of the LP Fault, Great Bear told investors, with a highlight intercept being 81.22 grams per ton (g/t) gold over 10.5m.

Loop Insights Inc (CVE:MTRX) told investors Thursday that its Contract Tracing Platform complements the Canadian government’s recently launched Covid Alert app. Loop’s platform allows venues and businesses to establish contract tracing by providing guests or customers with a virtual COVID-19 contact card on their mobile device. Users scan into the system using a QR code or receive a text or email message, then check in with the virtual card whenever they enter the location. If someone with a contact card is diagnosed with the coronavirus, the other customers in the area are notified. The Government of Canada’s Covid Alert app is meant to create a single national exposure notification center.

Helix Technologies Inc (OTCQB:HLIX) announced Tuesday it has sold its security guarding business as part of a strategic move to transition itself into a pure-play technology company focused on the cannabis industry. The company said the divestiture of the guarding business is expected to increase gross margins and allow management to focus on growing its scalable, high margin suite of critical technology infrastructure services.  Denver-based Invicta Group purchased the business and Security ProAdvisors LLC represented Helix Technologies in the sale. Helix Technologies said it will use the net proceeds to pay off existing liabilities and strengthen its working capital position.

Antibe Therapeutics Inc (CVE:ATE)  (OTCQB:ATBPF) has a “clear line of sight” to revenue from its flagship drug ATB-346, CEO Dan Legault told shareholders on Tuesday. The pharmaceutical company has wrapped up human proof-of-concept and key commercial studies and is now preparing for a Phase 3 trial on the drug, a non-addictive medication for chronic pain and inflammation. In a letter to shareholders, Legault said Antibe now plans to monetize ATB-346 through partnerships and, at the same time, quickly moving forward with Phase III development.

NexTech AR Solutions Corp (CSE:NTAR) (OTCQB:NEXCF) announced Tuesday that ICM Credit, a global training company for financial institutions, has chosen the company’s InfernoAR video conferencing platform, ScreenAR software, and event design services for its three-day CREVOLUTION 2020 event in Mexico, starting on November 10. The deal is worth $90,000 to NexTech, with the potential for added revenue from the sale of augmented reality booths, and its newly launched ScreenAR software. ScreenAR allows augmented reality experiences to “pop” off the computer or TV screen, creating a one-of-a-kind immersive experience to keep people engaged in virtual classrooms, trade shows and other events.

GlobeX Data Ltd (OTCQB:SWISF) (CSE:SWIS), the cybersecurity and privacy solutions provider, said it is honoured to have been named as one of the '50 Best Companies To Watch' in 2020 by The Silicon Review. Silicon Review, according to its website, is the world's most trusted online and print community for business and tech professionals and encompasses nine technology and vertical communities: Software, IT Services, Cloud, Mobile, Big Data, Security, Telecommunications, Hot Start-ups and The Best Companies to work for. In a statement, Alain Ghiai, CEO and founder of GlobeX, said the accolade was a "testament" to the group's efforts and its dedication to provide the best solutions for security and privacy of data and communications, both for consumers and enterprises worldwide.

Fidelity Minerals Corp. (CVE:FMN) said it has increased its previously announced private placement financing, announced on July 27, 2020, from 6,500,000 units of the company to 7,500,000 at a price of $0.06 per unit for total gross proceeds of up to $450,000. Each unit consists of one common share and a whole warrant, with each warrant exercisable into one additional common share at $0.07 for a period of two years after the closing date. The company intends to use the net proceeds of the financing for corporate working capital purposes.

Japan Gold Corp (CVE:JG) (OTCQB:JGLDF) told investors that drilling has started at its Ohra-Takamine project, a site of previous production, on the island of Kyushu. It is the group's first drilling program this year in the gold endowed Southern Kyushu epithermal gold province, the company said, and will initially see two holes sunk along the open-ended, 3.5 kilometer (km) corridor defined by the historic Ohra, Takamine and Urushi mines. Diamond core drilling will be carried out to depths of up to 600 meters using local contractor Ando Chisitsu Drilling company as Japan Gold cannot use its own teams due to ongoing international border closures.

American Resources Corporation (NASDAQ:AREC), a supplier of raw materials to the rapidly growing global infrastructure market, announced on Tuesday that it has extended its engagement agreement with JTC Team, which will continue guiding the company’s investor relations and corporate communications. The Indiana-based infrastructure company noted that JTC has been working with the company since March 2020. "As we continue to execute on our key corporate initiatives, we believe now more than ever it is important to be more active and engaging with the investment community. This includes participating in investor conferences, speaking with potential investors and securities analysts, as well as working to overall tell our story,” American Resources CEO Mark Jensen said in a statement.

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI), a nuclear services company, said it will host a conference call at 11.00am Eastern Time on Friday, August 7, 2020. The call will be available on the company's website at www.perma-fix.com, or by calling 877-407-0778 for US callers, or +1 201-689-8565 for international callers. The conference call will be led by Mark J. Duff, the group's chief executive officer, Dr Louis F. Centofanti, executive vice president of Strategic Initiatives, and Ben Naccarato, executive vice president and chief financial officer. A webcast will also be archived on the company's website and a telephone replay of the call will be available approximately one hour following the call, through 11.00am. Eastern Time on August 14, 2020, and can be accessed by calling: 877-481-4010 for UU callers, or +1 919-882-2331 for international callers and entering conference ID: 36496.

Australis Capital Inc (CSE:AUSA) (OTCMKTS:AUSAF) announced on Tuesday that Passport Technology Inc has informed it that the company has terminated a previously announced acquisition agreement. “The terms of the acquisition agreement require Passport to pay a break fee and the company's demonstrated expenses,” Australis Capital said in a statement. On June 25, Las Vegas-based Australis first announced that it planned to acquire Passport Technology, which partners with casino operators to increase gaming revenue by delivering funds to the casino floor through cash and cashless payment portals.

Marrone Bio Innovations Inc. (NASDAQ:MBII), an international leader in providing growers with sustainable bioprotection and plant health solutions to support global agricultural needs, announced today that its management will present at the Canaccord Genuity 40th Annual Growth Conference being held virtually from August 11 to 13, 2020. The group said Jim Boyd, its chief financial officer, is scheduled to host a virtual presentation on Wednesday, August 12, 2020, at 4.30pm Eastern time (1.30pm Pacific Time via the webcast Link: http://wsw.com/webcast/canaccord42/mbii/. He will also participate in virtual one-on-one meetings throughout the day with new chief executive officer Kevin Helash.

Matinas BioPharma Holdings Inc. (NYSEAMERICAN:MTNB) has announced that its chief executive officer, Jerome D. Jabbour has been invited to participate in a fireside chat during the BTIG Virtual Biotech Conference 2020 on Tuesday, August 11, 2020, at 9.00am ET. The group said Jabbour will also host investor meetings during the conference and investors interested in arranging a virtual meeting with management during this conference should contact the conference coordinator. A live webcast of the panel discussion will be available on the IR Calendar page of the Investors section of the company’s website - www.matinasbiopharma.com - and a webcast replay will be accessible for 90 days following the live presentation.

mCloud Technologies Corp. (CVE:MCLD) (OTCQB:MCLDF), a leading provider of asset management solutions combining IoT, cloud computing, artificial intelligence (AI) and analytics, announced that it will report its earnings for the second quarter 2020 before the market opens on Thursday, August 13, 2020. The company said it will also host a conference call to discuss the financial results for the second quarter at 5.30pm ET the same day. The conference call will include prepared remarks from Russ McMeekin, the group's chief executive officer, and Chantal Schutz, its chief financial officer., and after the prepared remarks, the company will accept questions. To access the conference call by telephone, dial 647-427-7450 or 1-888-231-8191. The conference call will be archived for replay by telephone until Thursday, August 20, 2020, at midnight (ET). To access the archived conference call, dial 1-855-859-2056 and enter the reservation number 1085971. A live audio webcast of the conference call will be available at https://bit.ly/2XfeHUg. The webcast will be archived at the above website for one year.

Biocept Inc. (NASDAQ:BIOC), a leading commercial provider of liquid biopsy tests designed to provide physicians with clinically actionable information to improve the outcomes of patients diagnosed with cancer, has said that it will release financial results for the three and six months ended June 30, 2020, after the market closes on Wednesday, August 12, 2020.  The company also said it will host a conference call for the investment community to discuss the results and answer questions at 4.30pm Eastern time (1.30pm Pacific time) on the same day. Individuals interested in participating on the conference call may do so by dialing (855) 656-0927 for domestic callers, (855) 669-9657 for Canadian callers, or (412) 902-4109 for other international callers.  Those interested in listening to a webcast of the live conference call may do so by visiting https://www.webcaster4.com/Webcast/Page/1271/35627. A replay of the conference call will be available for 48 hours following the conclusion of the call by dialing (877) 344-7529 for domestic callers, (855) 669-9658 for Canadian callers, or (412) 317-0088 for other international callers, and entering the replay access code 10145918.  A webcast replay will be available for 90 days at http://ir.biocept.com/events.cfm.

OTC Markets Group Inc. (OTCQX:OTCM), operator of financial markets for 10,000 U.S. and global securities, announced that Loncor Resources Inc. (TSX:LN) (OTCQX:LONCF), a Canadian gold exploration company, has qualified to trade on the OTCQX Best Market and has today upgraded tfrom the OTCQB Venture Market. The OTCQX Market is designed for established, investor-focused US and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors.


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