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NA Proactive news snapshot: KULR Technology, CleanSpark, Micron Waste Technologies, Cabral Gold, CO2 GRO UPDATE...

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

Empower Clinics Inc. - NA Proactive news snapshot:
Your daily round-up from the world of Proactive

KULR Technology Group Inc (OTCQB:KULR) announced Thursday that it has provided thermal management design services to a Tier-1 aerospace and defense technology manufacturer. The company’s technology is designed to improve thermal subsystems that are needed to increase performance of hypersonic weapons.

CleanSpark Inc (NASDAQ:CLSK) shares jumped on Thursday as the company revealed it was teaming up with power provider Bay Area Energy Solutions to develop a microgrid solution for a luxury residential estate in California. This first contract, hoped to be one of many, is to provide an off-grid solution for a 14,000 square foot (sq ft) estate, which is currently being built. Once completed,  the homes will be run using on-site generation, solar, and storage managed by CleanSpark's mPulse controller, which will mean independence from grid disruptions (not uncommon in California) like wildfires and public safety grid shutdowns.

Micron Waste Technologies Inc (CSE:MWM) (OTCMKTS:MICWF) is changing its name to Beyond Medical Technologies Inc, the company announced Thursday. The company's common shares will begin trading on the Canadian Securities Exchange on January 12 under the new name and the trading symbol DOCT. Additionally, Micron has granted an aggregate of 1.5 million stock options to directors, officers and employees of the company, as part of its stock option plan. The options are exercisable at an exercise price of C$0.125 per share for a period of two years.

Cabral Gold Inc (CVE:CBR) (OTCPINK:CBGZF) released a new batch of drill results Thursday containing high-grade gold intercepts from the Machinie and Medusa targets at its flagship Cuiú Cuiú project in Brazil. Drill hole 40-20 at Machinie returned results of 34 metres (m) at 5.4 grams per ton (g/t) gold, including 13m at 13.4 g/t gold, within which a bonanza grade section returned 3m at 48.2 g/t gold. Another hole drilled 50m east returned 62.8m at 0.9 g/t gold, including 2.1m at 15.3 g/t gold, and 45m at 1.0 g/t gold including 3.1m at 7.3 g/t gold. At Medusa, reconnaissance drilling intercepted a mineralized structure directly below surface that Cabral told shareholder will require further drilling to identify the source of surface boulders averaging 24.7 g/t gold.

CO2 GRO Inc (CVE:GROW) (OTCQB:BLONF) (FRA:4021) announced it has been selected to participate in the Canadian Technology Accelerator (CTA) Cohort Program in Mexico with a focus on the Ag-Tech industry. The CTA Program is managed by Canada's Trade Commissioner Service to provide Canadian high-growth, market-ready companies support to access global markets. The Toronto-based company noted that Global Affairs Canada, in making its selection, looked for a candidate with a product ready for market, differentiated technology, the potential to scale, and a qualified management team.

Silver Range Resources Ltd (CVE:SNG) (OTCMKTS:SLRRF) (FRA:8SR) reported that it has advanced its Sniper gold-silver project in Nevada with the completion of soil geochemical surveys. The company said peak soil responses in gold and silver were 82.8 parts per billion (ppb) gold and 1.35 ppm silver, respectively, while rock sampling to date has returned assays from separate grab samples of up to 121 grams per tonne (g/t) gold and 1,375 g/t silver.

Co-Diagnostics Inc (NASDAQ:CODX), the molecular diagnostics company, announced Thursday that its CEO Dwight Egan will participate in a panel discussion on diagnostics and devices hosted by former Food and Drug Administration (FDA) commissioner and former Centers for Medicare & Medicaid Services (CMS) senior advisor Dr Scott Gottlieb at the H.C. Wainwright & Co. BioConnect 2021 Conference. The panel will be conducted on January 12 at 12pm ET and can be accessed by registering for the conference HERE. Egan will also be participating in a fireside chat with Yi Chen, managing director at equity research at H.C. Wainwright. This on-demand session can be accessed on the events and webcasts section of the Co-Diagnostics website beginning on January 11, 2021 at 6am ET.

Thoughtful Brands Inc (CSE:TBI) (OTCQB:PEMTF) (FWB:1WZ1:GR) reported that it has entered into a binding letter of intent (LOI) with European medical cannabis company Franchise Cannabis Corp, in which Franchise Cannabis will go public through a reverse takeover involving Thoughtful Brands and begin trading on the Canadian Securities Exchange under the name "Franchise Cannabis Corp." Thoughtful Brands said it expects the combined company to be well positioned to expand product offerings and distribution channels in both the US and Europe, with the possibility of entering other cannabis markets as well.

OTC Markets Group Inc (OTCQX:OTCM) announced that FingerMotion, Inc (OTCQX:FNGR), a mobile data and services company, has qualified to trade on the OTCQX Best Market, uplisting from the OTCQB Venture Market. FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China and one of only a few companies in China with access to wholesale rechargeable minutes from China's largest mobile phone providers that can be resold to consumers."This move to OTCQX offers our company greater access to the capital markets and is an essential part of our business plan," said Martin Shen CEO of FingerMotion Inc. "The higher standards make us more transparent to institutional investors who rely on the more rigorous review of the company. The liquidity on OTCQX should also provide investors more confidence to trade our securities. The higher financial standards and reporting requirements are good for management, strategic partners, and investors as it will increase our overall appeal to attract top level experience, partnerships, and investment. Our core businesses are capital intensive and could scale quickly with the appropriate capital structure."

The Valens Company Inc (TSE:VLNS) (OTCQX:VLNCF) (FRA:7LV) reported that it has launched new THC and CBD water-soluble drops as part of its custom manufacturing agreement with Verse Cannabis, joining the Verse Originals line-up of best-in-class formulations offered at a great value. The company said the Verse THC and CBD drops are ideal to mix with food, water, and non-alcoholic beverages, or to ingest directly - orally or sublingually. 

Heritage Cannabis Holdings Corp (CSE:CANN) (OTCQX:HERTF) announced that it has placed its first purchase order with IntelGenx Corp (CVE:IGX) (OTCQB:IGXT) for 50,000 CBD Filmstrips, as part of a definitive agreement to supply the Canadian and Australian markets. IntelGenx expects to make its first shipment of the filmstrip products, which are manufactured using IntelGenx’s VersaFilm technology and contain 10 mg of CBD, to Heritage in 2Q 2021.

Algernon Pharmaceuticals Inc (CSE:AGN) (OTCQB:AGNPF), the drug repurposing company, outlined its key plans for the year ahead, noting that if data is positive from its Ifenprodil coronavirus (COVID-19) trial, it will look to get emergency use authorization (EUA) from the US FDA. The final set of data from the Phase 2b part of its Phase 2b/3 clinical trial assessing the drug to treat the coronavirus will be available at the end of February, the company said in a statement. Also on the cards for next year are plans to increase the enrollment rate of the firm's trial of Ifenprodil on Idiopathic Pulmonary Fibrosis (IPF) and chronic cough, which was slowed due to the pandemic.

Gatling Exploration Inc (CVE:GTR) (OTCQB:GATGF) is kicking off a new 25,000 metre drill program at its flagship Larder gold project in Ontario that will target high grade zones on the property. In a statement Thursday, the company said it is targeting “aggressive zone growth” on three zones in an effort to prove up mineralization along the continuous 4.5 kilometre strike. Additional holes will follow up on previous drilling at the Kir Vit prospect, where channel samples from shear zones graded up to 16.2 grams per ton (g/t) gold over one metre at surface in 2020.

Imagine AR Inc (CSE:IP) (OTCQB:IPNFF) (FRA:GMS1) is one of six companies featured in an upcoming white paper analyzing how the business model of sports is changing with the proliferation of smartphones and 4G data connectivity, as well as looking at innovative fan engagement solutions, including augmented reality (AR), computer vision and blockchain technology. The ImagineAR case study features its work last year with the Louisville Bats baseball team, the Cincinnati Reds’ Triple-A minor league affiliate. The company helped support local restaurants by letting users take a picture with an AR version of the Bats’ mascot through the ImagineAR app when they ordered curbside pickup. 

Q BioMed Inc (OTCQB:QBIO) announced Thursday that the Centers for Medicare and Medicaid Services (CMS) updated the reimbursement rate for its metastatic bone pain drug Strontium89, making it more easily available to Medicare patients. While Strontium89 has been appropriately reimbursed in the free standing clinic setting since launch, the company said, it was under-reimbursed in the hospital outpatient setting where many patients receive treatment. With the CMS update, all Medicare providers are now able to be reimbursed appropriately for providing Strontium89 treatment.

Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTTF) (FRA:M5BQ) announced that it has launched its Cannabis 2.0, consumer-focused recreational house brand, ‘Roilty’ through its wholly-owned subsidiary CannMart Inc. Namaste said Roilty will be positioned as a high-end, accessible mainstream brand and CannMart will launch new products such as live resin targeted to be available in February, followed by rosin, shatter, crumble and wax in successive quarters.

BetterLife Pharma Inc (CSE:BETR) (OTCQB:BETRF) tapped the experience of psychedelic pioneer Hattie Wells to join its new psychedelic research advisory board. The Vancouver-based firm is forming the Next Generation Psychedelic Research Advisory Board with Wells as its first member, according to a statement Thursday. Wells brings over 20 years of experience in the psychedelics space, working with molecules and looking at the therapeutic benefits for mental health disorders. Her research appeared in the Multidisciplinary Association for Psychedelic Studies and she currently serves as co-director of Breaking Convention, Europe’s largest conference on psychedelic consciousness.

Goldseek Resources Inc (CSE:GSK) reported Thursday that it had now completed its extended drill program at the Bonanza property at the Urban Barry camp in Quebec and noted encouraging visual observations from two holes as it awaits assays, expected in February this year. "We are excited to announce that our drill program was extended due to encouraging visual observations and the 1,800m program is now complete," said Goldseek's president and CEO Jon Deluce. "We were encouraged to see more sulfide contents in the intersections below surface compared to the mineralization seen in the trenching program. Due to large backlogs, assay turnaround times in the industry are slower than normal, but we expect to report results in late February."

VanadiumCorp Resource Inc (CVE:VRB) (OCTQB:APAFF) announced Thursday that commercial development work has commenced for the first phase of key design and engineering of next-generation vanadium redox flow-battery systems (VRFB Battery) for marine propulsion applications. In a statement, the company said Phase I work will be managed by the company’s wholly owned EU subsidiary, VanadiumCorp GmbH, under the direction of its chief technology officer, Dr GY Champagne. The company said a multidisciplinary engineering team located in Germany, Netherlands, and North America is focusing on VRFB system architecture, components/parts design, and other required tasks leading up to delivering VRFB cells and stacks of incremental sizes for testing to local research and development partners near the established VanadiumCorp GmbH facility in Germany. In addition to this effort, VanadiumCorp said R&D partners will conduct some specific lab-level material and electrolyte tests to support the engineering work and integration of the VRFB in marine vessels.

Codebase Ventures Inc (CSE:CODE) (FRA:C5B) (OTCQB:BKLLF) has announced an update to its blockchain investment strategy. In a statement Thursday, the company said its primary blockchain interest is in Arcology, a cluster-computing powered artificial intelligence (AI) blockchain ecosystem with unlimited scalability. Arcology is progressing toward its second Testnet and the release of its software development kit as previously announced, Codebase said. Codebase said it currently holds a 30% interest in the private company that is developing Arcology, with an option to increase its interest to 51%.

Empower Clinics Inc (CSE:CBDT) (OTCQB:EPWCF) (FRA:8EC), an integrated healthcare company, announced on Thursday the successful launch of its saliva-based COVID-19 reverse transcription PCR (KAI Saliva PCR Test), with an initial soft launch of 5,000 units sold out. The Vancouver-based company said it is now focused on an order for 25,000 additional units with a sales value of around $5.5 million. The group noted that the initial demand for KAI Saliva Tests stemmed from its existing customers in the film and television industry, the commercial sector, and concierge testing supported by its Sun Valley Health subsidiary in Arizona. 

MegumaGold Corp (CSE:NSAU) (OTCMKTS:NSAUF) (FRA:2CM2) is set to purchase all of Canadian GoldCamps Corp (CSE:CAMP) (OTCMKTS:SMATF) (FRA:A681) assets in a deal, which replaces the previously announced share exchange merger agreement announced last November, which has now been terminated. The pair, on January 4, have now struck an asset purchase agreement, which sees gold explorer Canadian GoldCamps sell to MegumaGold all of its Canadian assets and associated working capital in exchange for MegumaGold shares. The latter's shares will be distributed directly to Canadian GoldCamps' shareholders, subject to a shareholder vote and other regulatory approvals.

Naturally Splendid Enterprises Ltd (CVE:NSP) (OTCQB:NSPDF) (FRA:50N) told investors that Meridian Farm Markets, the eight-store chain with three decades of history in the Greater Vancouver region, will offer customers a variety of the company's NATERA Plant Based Foods. Its retail outlets in BC include Meridian Meats butcher shops in Port Coquitlam, Langley and White Rock and the Meridian Farm Markets in Maple Ridge and Mission. "Many people living in the Greater Vancouver Area recognize the Meridian brand for their quality products and quality service, making them a perfect venue for NATERA Plant Based products," said Craig Goodwin, Naturally Splendid's CEO. 

LeanLife Health Inc (CSE:LLP) (FRA:LL1) (OTCPINK:LHLNF), which is preparing to launch its Mike Tyson-branded Iron Energy drink in Canada, has submitted nine Temporary Market Authorizations (TMA) to the Canadian Food Inspection Agency. Currently, all caffeinated beverages sold in Canada require a TMA and the applications for TMA include all three flavors in all three sizes of the Iron Energy drink, according to a statement. LeanLife noted Thursday that the approval process takes many months and Gavin Mah, the company's chief operating officer, will be focused on helping navigate the regulatory approval process as quickly as possible.

RedHill Biopharma Ltd (NASDAQ:RDHL) has said its drug candidate RHB-204 has been granted Fast Track designation by the US Food & Drug Administration (FDA). The specialty biopharmaceutical company said it is being developed as a potential first-line, stand-alone, oral treatment of pulmonary nontuberculous mycobacteria (NTM) disease caused by Mycobacterium Avium Complex. NTM lung disease, is a chronic and debilitating condition caused by environmental bacteria found in soil, as well as natural and engineered water systems. There is no FDA-approved first-line therapy for this disease. The incidence and prevalence of pulmonary NTM disease are increasing in many areas of the world. There were an estimated 110,000 pulmonary NTM disease patients in the US in 2017, with US market potential estimated at over $500 million.

Loop Insights Inc (CVE:MTRX) (OTCQB:RACMF) announced that it has appointed Danny Spataro as senior director of sales, sports, and entertainment. Spataro, whose new job starts January 11, brings more than 15 years of sales and marketing experience to Loop, including roles in collegiate and professional sports as well as SaaS (software as a service), according to a statement.  He spent 11 years with Learfield IMG College, highlighted by sales leadership roles serving Texas A&M, Arizona, Penn State, Northwestern, and Harvard. After that, he went to work with Fenway Sports Management, the parent company of the Boston Red Sox, Liverpool Football, and New England Sports Network. After Fenway, Spataro spent time at New Hampshire Motor Speedway (SMI), part of the NASCAR circuit. Also, Loop noted that Spataro’s last three years have been highlighted by successful tenures at technology giant Oracle Corporation (NYSE:ORCL) (FRA:ORC) and most recently SSB.

Antibe Therapeutics Inc (TSE:ATE) (OTCQB:ATBPF) (FRA:4B70) is bolstering its advisory team with the appointment of biotech executive Dr Don Haut to its Partnering Advisory Team. Haut recently served as the chief business officer of AskBio, a clinical-stage developer of gene therapies and technologies. During his tenure at the company, Haut played a key role in pharmaceutical giant Bayer AG’s $4 billion acquisition of AskBio. Haut earned his PhD in molecular biology from the Medical School at the University of Missouri-Columbia and an MBA from Washington University’s Olin School of Business.

Fury Gold Mines Limited (TSE:FURY) (NYSEAMERICAN:FURY) (FRA:AUN1) has named Salisha Ilyas as its first vice president of investor relations, effective immediately, the company announced after the close Thursday. Ilyas was the founder and principal consultant at Target IR & Communications, a full-service investor relations (IR) firm focused on providing advisory and communications support to junior mining companies. She brings more than 10 years of experience in the mining industry, having also worked for Canadian and international mining companies, including Petra Diamonds Ltd (LON:PDL) (FRA:FPO), Desert Lion Energy, Aura Minerals Inc (TSE:ORA) (OTCMKTS:ARMZF) and Champion Iron Mines.

Medexus Pharmaceuticals Inc. (CVE:MDP) (OTCQX:MEDXF) (FRA:P731) announced that it has engaged Independent Trading Group (ITG), Inc. to provide market-making services to the company in accordance with TSX Venture Exchange policies. ITG will trade the company’s common shares on the TSXV and other marketplaces, as applicable, with the objective of maintaining a reasonable market and improving the liquidity of the common shares. Under the terms of a services agreement, ITG will receive compensation of C$5,000 per month (plus applicable taxes), payable on the first business day of each month, for an initial term of three months, with services commencing on January 6, 2021. The services agreement will automatically renew for additional one-month terms unless terminated by either party in accordance with the terms and conditions of the Services Agreement. The Services Agreement may be terminated by either party with 30 days’ notice.

Nova Royalty Corp. (CVE:NOVR) announced that it has been approved for graduation from Tier 2 to Tier 1 issuer status on the TSX Venture Exchange effective January 8, 2021. The TSXV classifies issuers into different tiers based on certain standards including historical financial performance, stage of development and financial resources. Tier 1 is the TSXV's premier tier and is reserved for the TSXV's most advanced issuers with the most significant financial resources.  With the graduation to a Tier 1 listing on the TSXV, the securities of Nova previously deposited into escrow will now be governed by the release provisions of issuers subject to Tier 1 status and released over 18 months. 

Naturally Splendid Enterprises Ltd (CVE:NSP) said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on September 2, 2020, which saw the issue of 17,554,168 shares at a purchase price of 6 cents per shares, together with 8,777,084 share purchase warrants with an exercise price of 10 cents for a two-year period, subject to an acceleration clause with, 33 places.

Australis Capital Inc. (CSE:AUSA) (OTCMKTS:AUSAF) has said it is hosting a conference call on January 7, 2021, at 12.00pm ET to discuss the announced intended transactions in regards Green Therapeutics and ALPS. Conference Call Participant Numbers Confirmation #: 87780553; Local: 416-764-8659; North American Toll Free: 1-888-664-6392; Webcast URL: http://bitly.ws/b23

The International Speculator, in its December 23, 2020, issue, said buy District Metals Corp. (CVE:DMX) at 35 cents, officially, Buy up to 45 cents. This is the newsletter's first buy of the stock. The writer says that not only is the company poised for a major silver discovery to capitalize on rising precious metals markets, it is also sitting on a potential "treasure trove" of critical metals like copper. That could make it a big winner as local demand from the European battery sector surges. District Metals' chief executive officer is Garrett Ainsworth, who has been involved in two major Canadian uranium stories -- fellow Casey picks NexGen Energy Ltd. and Alpha Minerals, which was taken over by Fission Uranium Corp. The outlook is promising because its project is very close to numerous operating mines for all these metals. With recent financings, the writer believes District can easily pay for upcoming drilling programs, which are still a few months away.

Cardiol Therapeutics Inc (TSE:CRDL) (OTCQX:CRTPF), the clinical-stage biotech company, said Thursday that its CEO David Elsley will take part in the following  virtual investor conferences in January: 

  • The 10th Annual LifeSci Partners Corporate Access Event - January 6-8 and 11-14, 2021 - where he will present and participate in a panel discussion "Developing Drugs for Cardiovascular Indications", and hold one-on-one investor meetings;
  • The H.C. Wainwright Bioconnect 2021 Conference - January 11-14, 2021. Elsley will give a presentation which will also be available for viewing on Cardiol's website;
  • The Biotech Showcase 2021 - January 11-15, in which Elsley will present and hold one-on-one investor meetings; and 
  • The ATB 9th Annual Institutional Investor Conference - January 13-14, 2021, in which he will participate in a panel discussion "Cannabinoid-derived Pharmaceuticals & Biosynthesis" and hold one-on-one investor meetings.

CanaFarma Hemp Products Corp (CSE:CNFA) announced Thursday the resignations of Frank Barone and Kirill Chumenko as officers of the company. In a statement, CanaFarma said it had initiated the process of looking for the best available replacement for both of their positions. The company wishes Frank and Kirill the best in their future endeavors.

HempFusion Wellness Inc (TSX: CBD.U), a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition, says Danny Brody, Chief Corporate Officer, will present live at the VirtualInvestorConferences.com today at 4:30 pm ET. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. LINK: https://bit.ly/3ntV6uT

 

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