NA Proactive news snapshot: Namaste Technologies, Cabral Gold, INDVR Brands, VolitionRx UPDATE…

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

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Namaste Technologies Inc (CVE:N) (FRA:M5BQ) (OTCMKTS:NXTTF) announced Thursday that it has completed its acquisition of the remaining 49% interest in CannMart Labs Inc, making the cannabis extractor a wholly owned subsidiary. Namaste bought the stake from MKD Holdings Inc and JLLS Holdings Inc in exchange for a purchase price of C$4 million as well as revenue-dependent earn-out payments in Namaste common shares, the company said. Namaste also announced that its average order value over cyber weekend increased 42% and online traffic increased 50% from 2019.

Cabral Gold Inc (CVE:CBR) (OTCPINK:CBGZF) (FRA:C3J) said it has identified a new high-grade gold target, Tracaja, north of the Medusa target at its Cuiú Cuiú gold project in Brazil. The company reported that 19 surface grab samples collected from the edge of historic placer workings at the Tracaja target returned gold values of between 24.2 grams per tonne (g/t) and 165.0 g/t with an average of 74.9 g/t gold. Cabral said it plans to conduct reverse circulation (RC) drill testing at the Tracaja target, once initial drilling at Medusa is completed. 

INDVR Brands Inc (CSE:IDVR) said Thursday that its definitive acquisition target Cannabis Corp saw healthy increases in both its retail and cultivation revenue during its third quarter. Retail revenue increased 25% year over year to US$1.5 million and cultivation revenue came in at US$672,000, a 42% increase over last year’s levels – both record sales, according to INDVR. Colorado-based INDVR announced in June its plans to merge with Cannabis Corp, its licensed partner in Colorado. The deal is expected to close in the first quarter of 2021. INDVR, which is focused on creating and distributing cannabis brands to sell in the US, owns the Joint retail store in Colorado, which is operated by Cannabis Corp. Sales at the Joint grew steadily throughout the year, and store-level gross margins for the quarter to end September 30 was 54%, compared to 45% in the same year-ago quarter.

VolitionRx Limited (NYSEAMERICAN:VNRX), an epigenetics company developing diagnostic blood tests for humans and animals, announced Thursday that veterinarian Tom Butera has joined the company’s board of directors, effective December 1.  Butera was previously Chief Medical Officer of Pet Partners LLC, a chain of veterinary clinics that he founded, which was acquired by Mars Veterinary Health (MVH) in 2016. He currently serves as business development director at Veterinary Centers of America (VCA), which is also part of MVH.  

Blackrock Gold Corp (CVE:BRC) (OTCMKTS:BKRRF) revealed more high-grade gold and silver intercepts from a highly prospective target on its Tonopah West project in Nevada. Drilling on the Denver, Paymaster and Bermuda (DPB) target returned three metres at 10.5 grams per ton (g/t) gold and 1,188 g/t silver (2,238 g/t silver equivalent) along the Merton vein, which Blackrock said indicates 290 metres of dip potential. Other holes returned 12.2 metres at 297 g/t silver equivalent at the Bermuda-Merton vein intersection and 4.5 metres grading 285 g/t silver equivalent on the Paymaster vein.

Japan Gold Corp (CVE:JG) (OTCQB:JGLDF) (FRA:2LD) announced Thursday it has signed a joint venture agreement with Koatsu Kogyo Corporation for three mining rights licenses. The three mining rights, collectively called the Kowa Project, comprises 389 hectares and will be included in the Barrick Alliance. The project adjoins the Japan Gold’s Ohra-Takamine Project, and the Barrick Alliance Mizobe-Onoyama Project in Southern Kyushu. In a statement. Japan Gold said the mining rights host numerous gold-bearing epithermal quartz veins with shallow historic underground mine workings developed on them. With the signing of the joint venture, Japan Gold said it has complete coverage over strike extensions to the Ohra-Takamine mineralization corridor, along with the numerous under-explored veins contained within the properties.

BioSig Technologies, Inc (NASDAQ:BSGM) announced that its CEO Kenneth Londoner will present at the Benzinga Global Small Cap Conference on Tuesday, December 8, 2020, at 2:30 PM ET. The presentation will provide an overview of the company and its operational highlights of 2020, including the progress of its PURE EP System installations and its commercialization goals. To register for the conference and to request one-on-one meetings with BioSig management please use this link: https://events.benzinga.com/registration-page?gclid=CjwKCAiA7939BRBMEiwA-hX5J1SxOy-G2SL-831-HJWhZKCwt7Fafavk78_DsMa2N6kJLWl5dXEyfhoC-bQQAvD_BwE 

Hill Street Beverage Company Inc (CVE:BEER) said it proposed to amend the exercise price of 19,405,804 company warrants that were originally issued on July 27, 2018, to C$0.10. These warrants are set to expire on December 31 this year. Hill Street Beverage had initially proposed a lower amended price, but that proposal was not approved by the TSX venture exchange, the group said in a brief statement.  But the exchange indicated that a C$0.10 exercise price, may be more acceptable. The proposed amendment remains subject to the exchange's approval.

NexTech AR Solutions Corp (CSE:NTAR) (OTCQB:NEXCF) (FRA:N29) reported that it had achieved a record 315% year-over-year increase in its Black Friday sales across its augmented reality (AR) eCommerce platform. The company attributed the soaring sales throughout the month of November to the addition of new AR/3D shopping experiences, plus NexTech’s new brand lineup announced in August, including Philips Norelco, MR. Coffee, Vitamix, MetroVac, Breville, and Cuisinart. It also announced the signing of an expanded distribution deal with the Dyson brand, boosting its revenue by 20%.

Loop Insights Inc (CVE:MTRX) (OTCQB:RACMF) revealed it had launched a second product into the TELUS Corp IoT Marketplace (TSE:T) (NYSE:TU) (FRA:BCZ), which it says, will significantly expand its sales distribution channels in Canada, where the IoT market is expected to hit C$21.8 billion by 2023. As reported in October this year, Loop's first product accepted by TELUS was its venue tracing service, which has now received significant exposure to many of TELUS's largest customers. Now, the second product accepted is its insights service and AI insights portal, which was initially used in a pilot program across three of TELUS's flagship retail locations in British Columbia.

Pacton Gold Inc (CVE:PAC) (OTCPINK:PACXF) (FRA:2NKM) updated Thursday on drilling at Red Lake, Ontario, where a 10,000 metre (m) campaign using one rig has kicked off at the greenfield project. Meanwhile, another rig is working an 11,500m program at Pacton's advanced Sidace gold asset in the district, where the firm is operator and partnered with Evolution Mining. Initial targets at the greenfield asset are following up on results from 2019/20 reconnaissance drilling, which included assays of 17.2 grams per ton (g/t) gold over 0.5 m.

Vuzix Corporation (NASDAQ:VUZI) (FRA:V7XN) has announced that Pixee Medical, a France-based medical company, has placed follow-on M400 Smart Glasses orders to support the commercialization and rollout of the Pixee Medical augmented reality navigation system across Europe.  In a statement Wednesday, Vuzix said the first AR Knee+ total knee replacement surgery guided by its proprietary solution running on Vuzix M400 Smart Glasses was completed in Paris in June 2020 and subsequently over the last five months, more than 40 surgeries have been completed in different hospitals and clinics across Europe.

Esports Entertainment Group Inc (NASDAQ:GMBL) announced plans Thursday to integrate Aim Lab, a first-person shooter (FPS) performance training platform, across its portfolio, with the goal of further developing esports players from youth to the pros. This will include access to Aim Lab through Helix eSports LAN (local area network) centers and ggCircuit software, both of which Esports Entertainment agreed to acquire in October. The partnership will also feature Aim Lab in training programs with professional Valorant and Rainbow 6 teams, Oxygen Esports, as well as Helix’s youth academies. Aim Lab is a software platform developed by neuroscientists at Statespace that analyzes a player’s fundamental motor and cognitive skills and creates tasks for FPS training.

Next Green Wave Holdings Inc (CSE:NGW) (OTCQX:NXGWF) announced Thursday it has named cannabis and brand-building veteran Ben Kovacs to the board of directors. Kovacs was the former chief revenue officer at NorCal Cannabis, one of the largest vertically integrated indoor producers in California. He is also the chairman of a group of companies in the cannabis hardware space, including the international Octave & Myster brands. His other experience includes time spent with Twitter and operating Guardian, a non-profit martial arts gym in Oakland that provides free boxing and Brazilian jiu-jitsu to kids, NGW said. 

First Mining Gold Corp (TSE:FF) (OTCQX:FFMGF) has added more resource ounces and consolidated its ground at the Cameron Gold project in northwest Ontario, by purchasing the East Cedartree claims from Metalore Resources (CVE:MET). The company acquired the 49,600-hectare Cameron project, which already boasts measured and indicated (M&I) resources of 274,000 ounces at 2.45 grams per ton (g/t) gold, back in 2016. The East Cedartree claims add another 3,200 hectares and 212 claims of prospective mineral tenure in the middle of the project and, what's more, the claims already host an indicated resource of 93,000 ounces of gold at 1.36 g/t gold and inferred at 95,300 ounces of gold, also at 1.36 g/t.

Versus Systems Inc (CSE:VS) (OTCQB:VRSSF) (FRA:BMVA) announced Thursday it has signed a multi-year strategic alliance agreement with Sparx Technology Inc for rewards in live television events. In a statement, Versus said Sparx will add its patented real-world prizing platform to the Sparx Participation Platform – a second-screen engagement tool used by global brands, events, and teams from the NFL, NBA, NHL, MLB, and more. The Sparx platform also works with networks and broadcast clients, including NBC, ABC, Disney, and CNN.

Kwesst Micro Systems Inc (CVE:KWE) said the TSX Venture Exchange has accepted for filing the company's proposal to issue 24,214 shares at a deemed price of 70 cents per share to an arm's-length service provider in consideration of certain services provided to the company under an agreement dated September 14, 2020.

Ceylon Graphite Corp. (CVE:CYL) (OTCQB:CYLYF) (FRA:CCY) announced that its common shares have been approved for trading on the OTCQB Venture Market effective December 3, 2020. The company's US listing will trade under the symbol "CYLYF" while the company's primary Canadian listing will continue to trade on the TSX Venture Exchange under "CYL". The company’s common shares are eligible for electronic clearing and settlement through the Depository Trust Company (DTC). DTC eligibility allows for cost-effective clearing and secure settlement, in turn simplifying and accelerating the settlement process for investors. Bharat Parashar, Chief Executive Officer of Ceylon commented: "We are very pleased to have our US trading status upgraded to OTCQB. This will provide the Company with greater market exposure, increase our visibility within the global investment community, further broaden our shareholder base and increase the volume of our tradable securities."

Jay Taylor, in the November 17, 2020, edition of 'Gold, Energy & Tech Stocks', has refreshed his buy on Benchmark Metals Inc. (CVE:BNCH). Taylor said buy Benchmark three times from July 16, 2019, to July 16, 2020, at prices ranging from 31.5 cents to 65 cents. Benchmark owns the Lawyers gold-silver project in north-central British Columbia. It is currently drilling the AGB zone, with recent highlights including 41.9 metres of 2.82 grams per tonne (g/t) gold equivalent (AuEq), 14.2 metres of 4.92 g/t AuEq and 3.8 metres of 19.64 g/t AuEq. Taylor pointed out that grades are increasing at depth. Benchmark is modelling Lawyers as an open-pit project, but the increasing grades suggest to Taylor that it has bulk-tonnage underground potential as well. He noted that the AGB zone remains open in all directions and is just one of five underexplored targets within what Benchmark is calling the "resource expansion zone." A new resource estimate from the resource expansion zone is expected in early 2021, followed by a preliminary economic assessment. Benchmark is a "story very much worth keeping an eye on," Tayor concluded.

Fidelity Minerals Corp. (CVE:FMN) (FRA:S5GM) has provided an updated corporate presentation which details the significant copper and gold opportunities within its project portfolio, with a particular emphasis on the Las Brujas project, in Cajamarca, Peru, where the company believes it is at the early stages of defining a number of potentially significant epithermal gold resources. The updated presentation for November 2020 can be found at: https://www.fidelityminerals.com/latest-presentation

Innocan Pharma Corporation (CSE:INNO) (FRA:IP4) reported that it has been invited by one of the leading IR agencies in the U.S., Lytham Partners, to participate in its End of Year 1x1 Conference taking place from December 7 to December 11, 2020. Innocan Pharma CEO Iris Bincovich will be participating in the Conference while showcasing the company in one-on-one meetings. To arrange a one-on-one meeting, please contact Ben Shamsian of Lytham Partners at shamsian@lythampartners.com or visit https://lythampartners.com/virtual/.

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for over 11,000 US and global securities, announced that Barksdale Resources Corp. (CVE:BRO) (OTCQX:BRKCF), a company focused on exploring high quality precious and base metal projects in the Americas, has qualified to trade on the OTCQX Best Market and has today upgraded from 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.

CytoDyn Inc (OTCQB:CYDY), a late-stage biotechnology company developing Vyrologix (leronlimab-PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, says CEO Nader Pourhassan, Dr Scott Kelly, chief medical officer and head of business development, and Dr Mahboob Rahman, chief scientific officer, will host an investment community webcast on December 10 at 4 pm ET. Management will provide an update on recent clinical and regulatory developments regarding COVID-19 clinical trials, along with other strategic priorities.Management will also provide approximately 30-45 minutes to address questions submitted online by analysts and investors. Prior to the webcast, questions can be submitted online to CYDY_Team@cytodyn.com. During the webcast, questions can be submitted through the webcast link https://78449.themediaframe.com/dataconf/productusers/cydy/mediaframe/42454/indexl.html .

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