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NA Proactive news snapshot: PharmaDrug, Vicinity Motor, Royal Road Minerals, Vox Royalty UPDATE …

Last updated: 13:00 22 Jun 2021 EDT, First published: 10:00 22 Jun 2021 EDT

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PharmaDrug Inc. (CSE:BUZZ) (OTCPINK:LMLLF) has announced that it has initiated preparation of a pre-investigational new drug application (pre-IND) for its patented enteric-coated formulation of cepharanthine (PD-001), an oral antiviral pill to treat mild-to-moderate coronavirus (COVID-19). While vaccination programs aimed at controlling the impact of COVID-19 have proceeded at an unprecedented pace, PharmaDrug said there remains an urgent need for additional antiviral therapies for COVID-19 and future coronavirus outbreaks. On June 17, the US government announced a 'Whole-of-Government Effort' to spend more than $3 billion on developing next-generation COVID-19 treatments to respond to future virus threats. Cepharanthine is a natural product and an approved drug used for more than 70 years in Japan to successfully treat a variety of acute and chronic diseases.

Vicinity Motor Corp (CVE:VMC) (OTCQX:BUSXF) (FRA:6LG) has released product specifications for the company’s new VMC 1200 fully electric Class 3 medium-duty commercial truck. Powered by a 150 kilowatt-hour (kWh) lithium-ion battery, the VMC 1200 has a 6,000-pound load capacity and an expected range of up to 150 miles on a single charge. “With our final design specifications in place, the VMC 1200 can now be ordered by our robust network of existing dealerships throughout North America,” Vicinity Motor CEO William Trainer said in a statement.

Royal Road Minerals Limited (CVE:RYR) (OTCMKTS:RRDMF) (FRA:RLU) has shared positive interim drilling results from its Caribe gold discovery in northeastern Nicaragua. The company said a follow-up diamond drilling program started at the project in August 2020 has returned encouraging initial results including hole CB-DDH-016 which returned 1.0 gram per tonne (g/t) gold at 100.45 meters; CB-DDH-017 which returned 1.0 g/t gold at 90 meters, and CB-DDH-015 which returned 1.0 g/t gold at 63 meters. The Toronto-based junior’s Caribe project forms part of its strategic alliance agreement with Hemco Mineros Nicaragua, a subsidiary of Colombia's Grupo Mineros SA and is in the highly prospective golden triangle of northeastern Nicaragua. Royal Road is the operator of the strategic alliance.

Vox Royalty Corp (CVE:VOX) provided its shareholders with funding and exploration updates from five of its 50 operating partners. The high-growth precious metals-focused royalty company noted each partner had been busy advancing their respective projects with studies, sampling and drill programs. Highlights from the exploration update include, the expansion of the Puzzle North discovery at the Australian Ulysses project, a 221% increase in measured and indicated resource at Pitombeiras in Brazil and the commencement of a modern mining study for the potential restart of mining operations at the Lynn Lake nickel-copper-cobalt sulphide project in Canada.

BioSig Technologies, Inc. (NASDAQ:BSGM) has announced that the data acquired by its PURE EP System will be featured in two presentations during the annual Heart Rhythm 2021 convention. The presentation titled 'Post-Ablation Bipolar Voltage By PURE EP As a Marker Of Transmural Lesion,”' co-authored by Pedram Kazemian et al., of Deborah Heart and Lung Center in Browns Mills, New Jersey, will be held at 9.30am ET on Thursday, July 29, 2021. Later on the same day, the second abstract titled 'Atrial Unipolar Electrogram Filtering to Better Delineate EGM Amplitude and Morphology During Radiofrequency Ablation,' co-authored by Jonathan Salas; Pasquale Santangeli; David Callans.; Francis E. Marchlinski; Cory M. Tschabrunn of University of Pennsylvania in Philadelphia, Pennsylvania, will be presented by Jonathan Salas at 3.50pm ET. “We are honored that the global biomedical and scientific community has again recognized our latest clinical and research data. Our work with the medical centers of excellence is a significant part of our ongoing commitment to developing better treatments for complex heart rhythm disturbances. We look forward to further contributing our knowledge and expertise as we advance our clinical activities with the leading centers in the country,” commented Kenneth L. Londoner, Chairman, and CEO of BioSig Technologies. The annual Heart Rhythm 2021 convention takes place on July 28-31, 2021, at the Boston Convention and Exhibition Center in Boston, Massachusetts.

Globex Mining Enterprises Inc (TSE:GMX) (OCTMKTS:GLBXF) (FRA:G1MN) said it has completed the previously announced sale to mining major Yamana Gold Inc (TSE:YRI) (NYSE:AUY) (LON:AUY) (FRA:RNY) of its Francoeur/Arntfield/Lac Fortune gold property in Québec. The deal included 30 claims in Beauchastel township to the east of the Wasamac gold property and three claims in the Malartic township. At closing, Globex received an initial payment of C$4 million from Yamana, satisfied by 706,714 shares issued to Globex at a deemed price of C$5.66 each. As previously reported, Yamana will then pay, on each annual anniversary, cash sums over the next four years amounting to C$11 million in total, starting with C$3 million in cash on the first anniversary. Globex will also retain a 2% gross metal royalty (GMR) on all production from the Francoeur/Arntfield/Lac Fortune property and the 30 Beauchastel and three Malartic township claims, of which 0.5% may be purchased by Yamana for C$1.5 million.

Else Nutrition Holdings Inc (CVE:BABY) (OTCMTKS:BABYF) (FRA:0YL), the plant-based baby, toddler and children nutrition company, said it will present live at the online and interactive LifeSciencesInvestorForum.com event on June 24, 2021, at 9.30am EST. Investors are invited to ask the company questions and it is recommended they pre-register and run the online system check to expedite participation and receive event updates. To learn more about the event, investors can use the following link: www.lifesciencesinvestorforum.com.

Virtual Investor Conferences in partnership with KCSA Strategic Communications and ATB Capital Markets have announced the agenda for the upcoming Cannabis Industry Virtual lnvestor Conference. The two-day program begins at 9.30am ET on Tuesday, June 29, 2021, and investors can register using the following link: https://bit.ly/351ggIT. Phil Carlson, managing director of KCSA Strategic Communications commented: "For this upcoming event, which we had to extend to two days, we are happy to have partnered with ATB Financial, who will give a keynote presentation and provide an overview of the current state of the cannabis industry. We have a great lineup for June 29th and 30th and we look forward to having some of the leading players in the cannabis industry share their investment highlights as we head into the second half of 2021." Jon Horsman, executive vice president business, ATB Financial and CEO of ATB Capital Markets added: "The cannabis industry in 2021 has proven to be resilient through recessionary economic cycles and, at the same time, the improving regulatory environment is generating unique investment opportunities. ATB Capital Markets is one of the most active firms in the cannabis industry from an advisory and capital raising perspective and is committed to bringing the best ideas and capital support to help our global clients succeed. Industry conditions and competitive positions are changing rapidly. This event will showcase industry leaders, help investors drive their investment thesis, and contribute to the growth of this rapidly expanding economic sector." A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group Inc's (OTCQX:OTCM) suite of investor relations services specifically designed for more efficient Investor Access.  Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network. For more information about the program and to view a complete calendar of Virtual Investor Conferences, investors can visit: www.virtualinvestorconferences.com

Roth Capital Partners has initiated coverage on psychedelic stock Mydecine Innovations Group Inc (NEO:MYCO) (OTCMKTS:MYCOF) with a 'Buy' rating and a C$3 price target, citing the “blockbuster potential” of its smoking cessation therapies. In a June 22 note, Roth noted that Mydecine is the first company to treat post-traumatic stress disorder (PTSD) and smoking cessation with MYCO-001, a pure psilocybin from natural fungal sources.

Stifel GMP has resumed a “Buy” rating and raised its target price for The Valens Company Inc (TSE:VLNS) (OTCQX:VLNCF) (FRA:7LV) a day after the company closed its acquisition of Green Roads to gain a major foothold in the US CBD market. The broker's analysts also noted that Valens is flush with a C$70 million capital runway after recently raising C$46 million in financing. It also cited the launch of Valens’ first flower products that are aggressively priced in Canada. “In short, VLNS has executed on what management has promised, proving its suitable comps are with Tier 1 LPs, in our view,” the Stifel analysts said, raising their price target to C$5.75 a share from C$3.75.

PsyBio Therapeutics Corp (CVE:PSYB) (OTCMKTS:PSYBF) (FRA:PSYB) announced it is starting to manufacture proprietary biosynthetic psychedelic compounds in Europe. The initial pilot-scale batch manufacturing run is the Florida-based company’s first in the continent, it said in a statement. PsyBio is working with France’s Biose Industrie, which commercializes pharmaceutical products based on live bacterial production, to help prepare the products and substances for regulatory evaluation. 

Nextech AR Solutions Corp. (OTCQB:NEXCF) (NEO:NTAR) (CSE:NTAR) (FRA:N29) said it has acquired Threedy.ai, Inc, an artificial intelligence (AI) company based in Silicon Valley, California, which provides 3D modeling for e-commerce companies. The all-stock transaction is valued at US$9.5 million. Nextech, a dominant player in the augmented reality (AR) space, said a definitive agreement has been signed by all parties with closing expected on or about June 25. 2021. The company noted that its acquisition strategy is focused on creating net new revenue opportunities that scale with the global adoption of AR.

Planet 13 Holdings Inc (CSE:PLTH) (OTCQB:PLNHF), a leading vertically integrated cannabis company, has revealed the first shop-in-shop stores at its new Orange County Cannabis SuperStore Entertainment Complex, in California. “The first two partners that the company will host at Planet 13 Orange County are Select and STIIIZY - two of California's most prominent brands,” said the company. The Nevada-based company is tapping into the success of the store-within-a-store concept at its Las Vegas SuperStore to now create three shop-in-shop spaces within its new complex in California.

Silvercorp Metals Inc (TSE:SVM) (NYSEAMERICAN:SVM) (FRA:S9Y) has reported encouraging exploration drill results from its LME mine in China, which show the potential for finding high-grade silver-lead mineralization outside the already defined resource. The LME mine is one of six underground mines at the metal miner's flagship Ying complex. Exploration drilling and tunneling is currently ongoing at all mines. Between October 1, 2020, and May 3, 2021, the company said 113 diamond drill holes (98 underground) were completed at the LME mine, and assays for 102 have been received, with 52 holes hitting mineralization. Highlight assays include, from one hole, a 0.76 metre (m) interval at a grade of 1,538 grams per ton (g/t) silver, 5.65% lead, 1.89% zinc, 0.73 g/t gold, and 0.38% copper at the 573m elevation at the mine.

Codebase Ventures Inc (CSE:CODE) (OTCQB:BKLLF) (FRA:C5B) said its investee company Love Hemp Group PLC (LON:LIFE)(OTCMKTS:WRHLF) has teamed up with boxing champion Anthony Joshua in a new endorsement agreement. The three-year agreement will see Joshua, a two-time World Heavyweight Champion and Olympic gold medallist for the UK, become an ambassador for the CBD brand and contribute to the firm’s wellness promotion. Longer-term, Love Hemp and Joshua will also collaborate on a licensed range of CBD products for athletes.

Endexx Corporation (OTCMKTS:EDXC) has announced that its international subsidiary has been granted a license to sell cannabis in Jamaica. The Jamaican government’s Cannabis Licensing Authority issued the license to its subsidiary Go Green Global Enterprises Inc in conjunction with Go Green Global Limited, a Jamaican corporation. Endexx said the “Retailer (Herb House) License” now allows Go Green Global to handle cannabis, in keeping with regulations established in 2016. A “Herb House” is the equivalent of a medical marijuana dispensary” in the US. The company said preparations for the dispensary's grand opening are underway at the Taj Mahal Shopping Centre in Ocho Rios. The mall is located where all the cruise liners and tourist ships arrive into port and is centrally located in Ocho Rios, providing access to the local community.

Valeo Pharma Inc (CSE:VPH) (OTCQB:VPHIF) (FRA:VP2) has commercially launched its two Health Canada-approved asthma drugs, Enerzair Breezhaler and Atectura Breezhaler, across the country, which, the specialty pharma, said will immediately impact its financial performance and accelerate it in fiscal quarters to come. "It marks the debut of the company's commercial efforts in the $700 million Canadian asthma market, one of Canada's largest therapeutic segments," said CEO Steve Saviuk in a statement.

Biocept Inc (NASDAQ:BIOC) (FRA:B003) has announced a collaboration with Quest Diagnostics Inc (NYSE:DGX) (FRA:QDI) to provide laboratory testing services to Quest patients for its Target Selector NGS-based liquid biopsy targeted lung cancer panel. Biocept said both companies expect the service to be available to Quest’s providers and patients in the fourth quarter of 2021. With a physician order, Biocept added that patients will be able to provide a blood specimen for testing at one of Quest’s 2,200 conveniently located patient service centers across the US. Quest is a leading provider of diagnostic information services.

FansUnite Entertainment Inc (CSE:FANS) (OTCQB:FUNFF) has said its Brazilian Vamosgg.com (VamosGG) brand has signed an agreement with top Brazilian streamer Gaules to secure the exclusive gaming partner rights for Brazil in the upcoming CS:GO Major to be held in Stockholm, Sweden between October 23 and November 7, 2021. Under the agreement, the Professional Gamers League (PGL) CS:GO Major will grant exclusive partner rights to VamosGG to deliver casino and esports betting with live odds and bonus offers for the tournament broadcast in Brazil. “Being granted the exclusive esports betting and casino rights is a major win for us and the VamosGG brand. Our platform's ability to localize sights for very specific markets helped us secure this great partnership with Gaules,” FansUnite Entertainment CEO Scott Burton said in a statement.

Acasti Pharma Inc (NASDAQ:ACST) (CVE:ACST) (FRA:A1PA) announced its operating and financial results for the fiscal year ended 31 March, along with an update on its proposed acquisition of Grace Therapeutics. Acasti, a biopharmaceutical innovator, reported a narrower loss from operating activities of $16.4 million, compared to a loss of $24.4 million a year earlier, due mainly to a reduction in expenses. Its net loss for the year narrowed to $19.7 million or $0.17 per share, from a net loss of $25.5 million or $0.30 per share for the year ended March 31, 2020.  The reduction was in part due to a decrease in research and development expenses as the TRILOGY Phase 3 clinical program for CaPre was winding down.

CO2 GRO Inc. (CVE:GROW) (OTCQB:BLONF) (FRA:4021) said it has agreed to a commercial installation of its CO2 Delivery Solutions with a Canadian licensed producer. The company noted that the customer agreed to the commercial installation, worth C$65,500, without the need for a commercial feasibility. "This is our largest individual commercial installation to date without a commercial feasibility,” CO2 GRO vice president of sales and strategic alliances Aaron Archibald said in a statement.

Australis Capital Inc (CSE:AUSA) (OTCMKTS:AUSAF) (FRA:AC4) said going forward, it will operate under the name Audacious Brand and will consolidate its product line under the Audacious banner. The Nevada-based company will focus on its US adult market operations and will feature additional product lines under the new name. Audacious Brand will continue to trade on the Canadian Securities Exchange and the OTC market under the same ticker symbols, AUSA and AUSAF, respectively. 

GameSquare Esports Inc (CSE:GSQ) (FRA:29Q1) (OTCMKTS:GMSQF) said that its subsidiary Code Red Esports Limited is attracting key employees to “support and fuel impressive year-over-year revenue growth.” For the first quarter ended 2021, the Toronto-based gaming and esports company reported revenue of $1.5 million, up more than 97%, compared to revenue in the first quarter of 2020. “Driven in part by GameSquare’s +97% revenue growth in Q1 FY2021, Code Red management has added outstanding talent to support the influencer segment, consulting functions,” said the company.  

Great Panther Mining Limited (TSE:GPR) (NYSEAMERICAN:GPL) (FRA:G3U) announced the publication of its 2020 "Mining For Good" sustainability report, which saw the gold and silver miner reduce its water consumption, nearly double its community engagement expenditure and establish a diversity policy. "This year's report not only explores how we have further advanced our sustainability programs, but also sets new performance targets for continual improvement as we emerge from what was arguably one of the most challenging years of our lifetimes," said Robert Henderson, CEO of Great Panther.

RedHill Biopharma Ltd. (NASDAQ:RDHL) has said it is setting the pace in the global quest for an oral COVID-19 treatment, with two oral COVID-19 drug candidates amongst the most advanced in development. A signal of the progress RedHill is making came with the presentation, at this week’s World Microbe Forum (WMF) 2021, of positive safety and efficacy data from its Phase 2 study of oral opaganib in hospitalized patients with COVID-19 pneumonia. "The need for an effective oral therapy to treat COVID-19 is clear. Such a therapy would greatly improve our ability to manage this pandemic," said Kevin Winthrop, Professor of Infectious Diseases at Oregon Health & Science University, who presented the findings at WMF.

One World Lithium Inc. (CSE:OWLI) (CNSX:OWLI.CN) (OTCMKTS:OWRDF) announced that it has engaged Investment-Zirkel-München (IZM), which offers several services including German news dissemination, conference calls, real-time investor forums and an active investors network. The company noted that IZM has a select investor following that participate in both financings and open market buying. The IZM contract is for a two-year term at a cost of C$12,600. Robert Carriere from FinMedia commented: “IZM offers a different but complimentary service than FinMedia. IZM has a more diverse network throughout Germany, Switzerland and Austria.”   

Thor Explorations Ltd. (CVE:THX) (LON:THX) announced the admission of its common shares to trading on the AIM Market of the London Stock Exchange, from 8.00am BST today, Tuesday, June 22, 2021, as it broadens its investor base. The Vancouver-based company said it expected to have a market capitalisation of about £127 million on the commencement of trading in London. Its common shares will continue to be listed and traded on the TSX Venture Exchange in Canada.

Progressive Planet Solutions Inc (CVE:PLAN) said that, effective June 14, 2021, George David Richardson acquired ownership, indirectly through Countryman Investment Ltd., a company wholly owned by Richardson, of 2 million common shares of Progressive Planet on the exercise of warrants held by Countryman. The warrants were exercised at a price of 5 cents per share for proceeds of $100,000. Prior to the transaction, the acquiror directly and indirectly owned and controlled 18,148,499 Progressive Planet shares, which represented approximately 29.8% of the issued and outstanding shares on a non-diluted basis. Following the transaction, the acquiror, directly and indirectly, owns and controls an aggregate of 20,148,499 shares and 5,725,000 shares issuable on exercise of the warrants, representing 33.1% of the 60,961,877 issued and outstanding shares on a non-diluted basis. If the acquiror were to exercise the warrants, the acquiror will directly and indirectly own and control 25,873,499 shares or 38.8% of the issued and outstanding shares calculated on a partially diluted basis. The warrants were exercised by the acquiror for investment purposes.

BetterLife Pharma Inc. (CSE:BETR) (OTCQB:BETRF) (FRA:NPAU) said it has engaged UK-based financial and corporate communications consultancy Buchanan Communications, part of WPP PLC, the world’s largest communications group. It said Buchanan will support BetterLife achieve its corporate objectives. This will include ensuring the company’s milestones and developments are communicated to its stakeholders, such as current and potential institutional and retail investors, the media, partners and the general public. Buchanan recently announced a partnership with The Conscious Fund, the most active early-stage investor in the psychedelic medicine sector, to support the development of psychedelic biotechnology companies. At the core of the partnership is an understanding that the psychedelic medicine sector requires widespread investment and education if it is to grow from a niche and become mainstream.

GameSquare Esports Inc. (CSE:GSQ) (FRA:29Q1) said it has implemented a restricted share unit (RSU) compensation plan. A copy of which can be accessed on the company’s SEDAR profile at www.sedar.com. In addition, GameSquare announced that, subject to regulatory approval, it has granted 2,000,000 RSUs to the company’s chief executive officer in accordance with the RSU Plan. Half of the RSUs granted vest immediately, with the other half vesting 12 months following the date of grant. The common shares underlying the RSUs are subject to a four-month hold period in accordance with the policies of the CSE.

Aurania Resources Ltd. (CVE:ARU) (OTCQB:AUIAF) (FRA:20Q) has said its shareholders approved all resolutions put to them at the company's Annual and Special Meeting which was held on June 21, 2021. It said shareholders approved the financial statements for the year ended December 31, 2020, and the report of the auditors thereon, the appointment of auditors, election of directors and the company's incentive stock option plan for the upcoming year. The formal part of the meeting was followed by a brief exploration update and a question-and-answer period. The webcast and audio-only replay are available on Aurania's website at www.aurania.com

First Cobalt Corp. (CVE:FCC) (OTCQX:FTSSF) has said that its president & chief executive officer, Trent Mell will participate in a panel at the TD Securities Battery Metals Virtual Roundtable on Tuesday June 22, 2021, at 10.00am ET. Mell will be taking part in a nickel and cobalt roundtable conversation moderated by Craig Hutchinson of TD Securities. To register and watch the roundtable discussion, investors can use the following link: https://www.veracast.com/webcasts/tds/battery2021/7gT656.cfm

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, has announced that Vobile Group Limited (OTCQX:VOBIF), a worldwide leader in SaaS services for online video content protection and monetization, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTC Pink market. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the US. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. "DTC subscription services, such as Disney+, Discovery+ and HBO Max, are transforming the media entertainment industry. Protecting content exclusivity to ensure subscriber growth is critical to the success of DTC business. We have a large customer base in the US," said Yangbin Wang, CEO of Vobile. "Trading on the OTCQX Market increases accessibility for the US investors and enables us to reach broader capital markets as we continue to grow."

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, has announced that Greenrose Acquisition Corp. (OTCQX:GNRS), a special purpose acquisition company targeting companies in the cannabis industry, has qualified to trade on the OTCQX Best Market. Greenrose Acquisition previously traded on NASDAQ. Trading on the OTCQX Market offers companies efficient, cost-effective access to the US capital markets. Streamlined market requirements for OTCQX are designed to help companies lower the cost and complexity of being publicly traded while providing transparent trading for their investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

Sidoti & Company LLC has released the presentation schedule and weblinks for its two-day Summer Virtual Small-Cap Conference taking place Wednesday and Thursday, June 23 - 24, 2021. The links can also be found at www.sidoticonference.com/events. PyroGenesis Canada Inc (TSE:PYR) (NASDAQ:PYR) (FRA:8PY) will present from 10 am to 10:30 am EST on June 23, followed later by VolitionRx Limited (NYSEAMERICAN:VNRX), which will present from 3:15 pm to 3:45 pm.

 

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