Byrna Technologies Inc (OTCQB:BYRN) (CSE:BYRN) reported fiscal third quarter results Friday that showed tenfold year-over-year revenue growth on increased sales of its less-lethal equipment and munitions. The maker of personal security devices brought in revenue of $4.2 million in the three months ended August 31, a huge jump from $307,101 in the same period last year. Margins improved to 51% from 19% and the loss from operations narrowed to $566,358 from a loss of $796,153 over the same period. The Massachusetts-based company has seen orders take off in recent months. Byrna reported cash on hand of $11.8 million as of August 31, including $7.1 million of restricted cash. Its total assets were $21.9 million.
CleanSpark Inc (NASDAQ:CLSK), a software and services company, has closed a previously announced public offering worth $40 million, the company announced Friday. The company offered 4,444,445 shares of common stock at a price of $9 per share.The company plans to use the proceeds for working capital requirements, to grow its sales and marketing team, develop software enhancements and improvements, as well as general corporate purposes and M&A. The company added that it has no present commitments or agreements to enter into any such mergers or acquisitions.
Vuzix Corporation (NASDAQ:VUZI) announced Friday that its M400 Smart Glasses are being used by University of Rochester Medical Center surgeons for training and the education of patients to better help them understand their surgical procedures. "AR (augmented reality) is easy to use in training as the software behind it is very seamless,” said Michael Hasselberg, associate director of the University of Rochester Medical Health Lab. “Vuzix is innovative and has made its hardware more user friendly and more comfortable to use for longer periods of time. Where AR is used the most today is in the medical training of students.”
Algernon Pharmaceuticals Inc (CSE:AGN) (OTCB:BTHCF) announced Friday that Dr Mark Swaim, a former practicing physician and researcher, has joined the Algernon Medical and Scientific Advisory Board. Dr Swaim graduated from Duke University where he was a National Institutes of Health-sponsored Medical Scientist Training Program scholar and was elected to the Alpha Omega Alpha Honor Medical Society and served as its president, according to a statement.
Aftermath Silver Ltd (CVE:AAG) (OTCQB:AAGFF) has granted 5.5 million incentive stock options to directors, officers, employees and consultants of the company at a price of $0.80 cents for a period of five years. The options are subject to regulatory approval and are granted under the company's stock option plan.
Fury Gold Mines Limited (TSE:FURY) (NYSEAMERICAN:FURY) has now been formed following completion of the previously announced deal, which sees Auryn Resources Inc (TSE:AUG) spin out its Peruvian assets (NYSEAMERICAN:AUG) and acquire Eastmain Resources Inc (TSS:ER). Shares in Fury Gold are expected to begin trading on the NYSE American on October 12 and on the Toronto Stock Exchange on October 13 - following the Canadian Thanksgiving holiday. Fury Gold said it has also now received the net proceeds of the previously completed C$23 million subscription financing, which was conditional on completion of the transaction. Shares of Auryn will continue to trade until the market close on October 9. The group said a 50,000-meter drill program at the Eau Claire project in Quebec is now planned to start in early November, with an update on drill targeting planned ahead of the start.
American Resources Corporation (NASDAQ:AREC) closed its US$13 million offering on Friday, it announced. The offering consisted of 5.2 million shares at a price of $2.50 per share, priced above market under Nasdaq rules, the firm said. American Resources, based in Fishers, Indiana, is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking. The company has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon deposits are concentrated.
NexTech AR Solutions Corp (CSE:NTAR) (OTCQB:NEXCF) said its total bookings during 3Q came to C$6.7 million, which, if realized, exceeds its financial year 2019 revenue of C$6 million as the augmented reality company capitalizes on the new home-based paradigm. The 3Q 2020 figure is a 331% growth over the C$1.6 million it put up during the comparable period a year prior, thanks to burgeoning demand for its augmented reality (AR) solutions from industries like education, which is growing by around 200% every month, according to the company
BevCanna Enterprises Inc (CSE:BEV) (OTCMKTS:BVNNF) said the rationale behind its acquisition of e-commerce group Pure Therapy Products Corp, announced in September this year, was paying off, and the group has recognised the first revenue since its inception. Pure Therapy, now a wholly-owned subsidiary of the company, reported C$1.53 million in unaudited gross revenue for the first nine months of 2020 and a net profit of C$104,000. "Our goal with the Pure Therapy acquisition was to stimulate strong revenue growth and accelerate our Q4 sales by adding new products, investing in customer acquisition and retention programs and leveraging the platform's current mix of subscription-based and traditional sales revenue models to build a strong recurring revenue stream," John Campbell, the chief strategic officer for BevCanna said. "We're very pleased with the progress that we've made over our first month of ownership and we are on track for a very strong Q4 and 2021."
Great Panther Mining Limited (TSE:GPR) (NYSEAMERICAN:GPL) reported solid production across its portfolio of mines in the third quarter to end-September, despite the pandemic, and told investors it was on track to meet its guidance for the full year. Overall, the firm produced 39,788 gold equivalent ounces in the three months, which was 3% higher than in the second quarter this year, but down 16% on the same quarter of 2019. The gold and silver miner expects to meet full-year 2020 guidance to end-December of between 146,000 ounces and 158,000 ounces of gold equivalent.
Binovi Technologies Corp., (CVE:VISN) (OTCMKTS:BNVIF) has said it intends to grant up to 3,000,000 incentive stock options to certain directors, officers, employees and consultants of the company. The options are exercisable at a price of $0.15 and have a 5-year term.
Nova Royalty Corp (CVE:NOVR) said the TSX Venture Exchange has accepted for filing documentation with respect to its initial advance a non-brokered private placement of a convertible loan facility announced on October 1, 2020. This will see the issue of a $3.5 million convertible debenture with a maturity date 48 months from closing and an Interest rate of 8% per annum (1.5% per annum standby interest rate) with one place