NA Proactive news snapshot: Bioasis Technologies, Ximen Mining, Alpine 4 Holdings, KWESST Micro Systems UPDATE …

NA Proactive news snapshot: Bioasis Technologies, Ximen Mining, Alpine 4 Holdings, KWESST Micro Systems UPDATE …

Bioasis Technologies Inc (CVE:BTI) (OTCQB:BIOAF) reports that it will enter a research collaboration with Oxyrane UK Ltd. The Guilford, Connecticut-based Bioasis is a pre-clinical, research-stage biopharmaceutical company developing a proprietary xB3 platform technology for the delivery of therapeutics across the blood-brain barrier (BBB). As well as the treatment of CNS disorders in areas of high unmet medical need, including brain cancers and neurodegenerative diseases. The research collaboration will focus on combining xB3 technology and Oxyrane’s OxyCAT platform to deliver an undisclosed enhanced enzyme replacement therapy into the brain. Ximen Mining Corp (CVE:XIM) FRA:1XMA) OTCQB:XXMMF) has closed a financing for gross proceeds of $200,000. The non-brokered private placement consisted of 800,000 units at a price of $0.25 apiece. Each Unit consists of one common share and one transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase, for a period of 36 months from the date of issue, one additional common share of the issuer at $0.35 per share. The hold expiry date for the placement is October 25, 2021. The net proceeds from the private placement will be used for the further exploration on the Company’s British Columbia mineral properties and general working capital.  Pure Gold Mining Inc (CVE:PGM) (LON:PUR) (OTCMKTS:LRTNF) has released the results of voting at its annual general meeting of shareholders held on June 30. Shareholders voted in favour of all items put forward by the board of directors and management. All seven of the individuals nominated for the board of directors were elected as directors. Shareholders also voted in favour of: appointing PricewaterhouseCoopers LLP as auditor of the company for the ensuing year and authorizing the directors to fix its remuneration; and (approving and ratifying the company’s stock option plan. A total of 211,633,946 common shares were voted. Alpine 4 Holdings Inc (OTCQB:ALPP) has announced that its subsidiaries, Impossible Aerospace Corporation and Vayu (US) Inc, plan to merge to become Vayu Aerospace Corporation Inc. Vayu Aerospace will be located in Ann Arbor, Michigan at the current Vayu facility. The merger is expected to be completed by October 1, 2021, the company said. Alpine 4 initially acquired Impossible Aerospace in the fourth quarter of 2020. The company noted that Quality Circuit Assembly Inc, another of Alpine 4’s subsidiaries, will still manufacture and assemble the components for the company’s planned US-1 airframe and will also be adding many new components to its G1 and G2 airframes as well.  KWESST Micro Systems Inc (CVE:KWE) (OTCQB:KWEMF) has announced that it will hold the first-ever live demonstration of its Low Energy Cartridge (LEC) system. In a statement, the company said the demonstration will be held in the Whistler, British Columbia area during the afternoon of July 9 with Executive Chairman David Luxton and the CEO Jeff MacLeod in attendance. The LEC system is the world’s first cartridge-based non-lethal firing system with universal application across four market segments that currently use a variety of dated “non-lethal” or “less-lethal” solutions. These segments include public order (riots and control of dangerous subjects), military and law enforcement training (realistic force-on-force training), personal defence (home, car, boat, RV, camping, hiking), and high-action gaming. Jack Nathan Medical Corp (Jack Nathan Health) (CVE:JNH) (OTCQB:JNHMF) saw its revenue rise by 26% to C$1.3 million in its fiscal first quarter 2022 thanks to new clinics and expanded operations in Canada and Mexico. The healthcare firm acquired or closed the acquisitions of seven new clinics over the three-month period ended April 30, 2021, including two MediSpas and four operational medical clinics in Ontario Walmart stores. The firm also inked a deal in March for a flagship 8,200-square foot clinic in Ontario – its largest facility in the Jack Nathan Health Walmart network to date. As a result of the acquisitions and staffing its new clinics in Mexico, the company saw its operating expenses rise to $2.8 million compared to $0.8 million and reported an adjusted EBITDA loss of $0.5 million. BioSig Technologies Inc (NASDAQ:BSGM) has announced that physicians have completed 1,000 patient cases with its technology across nine installation sites. The company’s non-invasive computerized technology, the PURE EP system, aims to drive procedural efficiency and efficacy in electrophysiology. The system provides essential diagnostic signals with high clinical value in all cardiac ablations that treat irregular heartbeats or arrhythmias. Previously, BioSig increased the patient case goal from 1,000 to at least 1,500 procedures by the end of 2021, having delivered 425 procedures at the end of 2020. Cardiol Therapeutics Inc. (TSX:CRDL) (OTCQX:CRTPF) (FRA:CT9) has announced the results from its Annual General and Special Meeting of Shareholders held virtually via live audio webcast, on June 29, 2021. Shareholders voted in favour of all management resolutions proposed in the company’s Information Circular, including the re-election of the following directors for the ensuing year – David Elsley, Dr Eldon R. Smith, Deborah Brown, Iain Chalmers, Peter Pekos, Dr Guillermo Torre-Amione, Colin Stott; the appointment of BDO Canada LLP as auditors of the company until the next annual meeting and the authorization of the directors of the company to fix the remuneration to be paid to the auditors; and the approval of the company’s Omnibus Equity Incentive Plan. Proactive Research has initiated coverage on Mydecine Innovations Group Inc (NEO:MYCO) (OTCMKTS:MYCOF) (FRA:0NFA), a biotech and life sciences company developing and commercializing new therapies for mental health and other conditions. In the note – https://ca.proactiveinvestors.com/companies/news/953786/mydecine-innovations-group-initiation-report-953786.html – analyst Ed Stacey says: “We believe that the drug development pipeline represents the biggest value driver for the stock price over the next two years, and in this report we focus in particular on two therapies that are undergoing Phase II clinical trials. Both of these use Mydecine’s proprietary formulation MYCO-001, which is a purified form of psilocybin, a psychedelic compound found in mushrooms sometimes referred to as ‘magic mushrooms’.” CanaFarma Hemp Products Corp (CSE:CNFA) (OTCMKTS:CNFHF) (FRA:4K9) has signed a memorandum of understanding (MOU) to acquire Vertical Wellness Inc, a leader in the branded health and wellness space. The company said that the Vertical Wellness management team, including CEO J Smoke Wallin, will run the combined business and intends to keep the Vertical Wellness name. CanaFarma said the combined company is anticipated to have a market capitalization of about $50 million.  XPhyto Therapeutics Corp (CSE:XPHY) (OTCMKTS:XPHYF) (FRA:4XT) revealed that it has signed a master supply agreement with Beovita GmbH & Company KG and Tackleberries GmbH, two German diagnostics, testing, and medical logistics companies that run ten coronavirus (COVID-19) test centers in Berlin, Germany. The Vancouver-based bioscience accelerator noted that there is a “strong demand for reliable and rapid testing” to monitor the changing dynamics of the pandemic throughout the summer and the high travel season. Organic Garage Ltd (TSXV:OG (OTCQX:OGGFF) (FRA:9CW1) said it has started seeing significant incremental savings as a result of moving to a decentralized distribution model and phasing out its warehouse as the company posted its fiscal first-quarter results. The organic grocer said its working capital and cash position continue to strengthen, aligning for continued success and allowing its to continue to focus on delivering value for shareholders. Following the end of its fiscal first quarter, Organic Garage generated an additional $59,400 of cash through the exercise of warrants. For the quarter ended April 30, 2021, Organic Garage reported a 12.1% decline in sales to $7 million, down from $8 million a year earlier. Versus Systems Inc (NASDAQ:VS) (FRA:BMVB) said that the company will be powering in-stadium fan engagement for the #MEXTOUR, the Mexican national team’s annual multi-game soccer tour in the US that begins this week in Nashville, Tennessee. Mexico plays Panama at Nissan Stadium in Nashville on Wednesday and against Nigeria at Los Angeles Memorial Coliseum in Los Angeles, California on Saturday, July 3, 2021. “Fans will be able to use Versus’s XEO platform to participate in the fan photo filters live in-stadium and on their mobile devices from anywhere they want to support the Mexican national team,” said the company. Mirasol Resources Ltd (CVE:MRZ) (OTCPINK:MRZLF) (FRA:M8R) has completed a maiden drill program at the Inca Gold project in Chile, a large 16,300-hectare property package Mirasol has optioned from Newmont Corporation (TSE:NGT) (NYSE:NMT). Inside the Inca project, the Sandra prospect was targeted with a 1,417-meter (m) drill program. In total, eight diamond drill holes were completed on three separate targets to test for mineralization below outcropping quartz veins. With the maiden drill program now complete at Sandra, South America-focused Mirasol has fulfilled the minimum drilling commitment and exploration expenditures required for the first two years under the option agreement with Newmont.  Byrna Technologies Inc (NASDAQ:BYRN) (CSE:BYRN) posted fiscal second-quarter results that delivered strong net income and revenue growth fired by the popularity of the company’s flagship Byrna HD non-lethal personal security device. For the period ended May 31, 2021, the Andover, Massachusetts-based company reported revenue of $13.4 million, compared to $1.2 million in the fiscal second quarter of 2020. The firm chalked up the impressive bump in revenue to strong order growth for the Byrna HD, “aided by favorable media attention and an increase in quarterly production volumes.”  Vicinity Motor Corp (CVE:VMC) (OTCQX:BUSXF) (FRA:6LG) has received approval from Nasdaq Stock Market LLC to list the company’s common shares on the Nasdaq Capital Market. The supplier of electric, CNG, gas and clean diesel vehicles, was formerly known as Grande West Transportation Group Inc and changed its name to Vicinity Motor in March 2021.  Shares are anticipated to commence trading on the Nasdaq on Wednesday, July 7, 2021 under the symbol ‘VEV’. GameSquare Esports Inc (CSE:GSQ) (FRA:29Q1) has acquired NextGen Tech LLC (doing business as Complexity Gaming) – a major esports organization with Dallas Cowboys owner Jerry Jones as a shareholder – in a $33 million deal. GameSquare issued around 83.3 million common shares of stock to former shareholders of Complexity, including the Jones family, Goff Capital Inc and Complexity CEO Jason Lake. Combined, the parties will own 47% of the combined company. The Jones and Goff families decided to further increase their skin in the game, agreeing to invest $8.5 million into GameSquare as part of a non-brokered private placement at a subscription price of $0.40 per unit. The offering is expected to close on July 22. Plurilock Security Inc (CVE:PLUR) (OTCQB:PLCKF) said it has secured a purchase order worth US$146,000 from a California healthcare organization, adding to a spate of recent contract wins for the cybersecurity solution provider. The company said it received the order as part of an existing customer relationship, maintained due to its strong customer service and sales support. It will provide the healthcare organization with renewals for a portfolio of security solutions, including Symantec Endpoint Security Complete. Including the latest order, contracts signed by Plurilock since May 2021 represent a combined total of nearly US$3.31 million in sales. Its current revenue run rate for fiscal 2021 has increased by over 800% from total annual revenue in the last fiscal year. Valeo Pharma Inc (CSE:VPH) (OTCQB:VPHIF) (FRA:VP2) has reported record revenue in its second quarter to end-April, 2021, thanks to new product launches, and expects the strong momentum to continue into the third quarter. For the three months to April 30, the specialty pharma group reported revenue of C$2.65 million, up 27% from the C$2.1 million seen in the same quarter a year earlier, and up 42% from its first fiscal quarter of 2021. Canada Silver Cobalt Works Inc (CVE:CCW) (OTCMKTS:CCWOF) (FRA:4T9B) has said it is to test the capability of its proprietary Re-2OX process to recover rubidium metal from mineralization at Granada Gold Mines’ (CVE:GGM) (OTCMKTS:GBBFF) Granada gold mine project in Quebec. Rubidium has various industrial uses, including in sodium-ion batteries, an energy storage market, which could well see considerable growth ahead. In a separate statement, Canada Silver Cobalt Works also reported that it had closed a C$2 million private placement, issuing over 1.063 million flow-through (FT) units at C$0.47 per FT unit raising gross proceeds of C$500,000. The company will also issue over 4 million Quebec FT units (QFT units) at C$0.41 each, raising gross proceeds of C$1.5 million. The company is raising in total C$2 million. The Valens Company Inc. (TSX:VLNS) (OTCQX:VLNCF) (FRA:7LV) has announced a custom manufacturing agreement with Gallery Brands, a premier cannabis brand house with a carefully curated product portfolio with legacy roots. Under the agreement, Valens will manufacture both beverages and edibles for two brands under the Gallery umbrella – Blessed and flir – using its patented in-house emulsion technology SōRSE by Valens. The SōRSE by Valens technology transforms cannabis oil into water-soluble forms to infuse foods, liquids, and topicals without the taste or smell of cannabis. The company said this has resulted in some of the most innovative cannabis-infused products in the Canadian market. PlantX Life Inc (CSE:VEGA) (OTCQB:PLTXF) (FRA:WNT1) said it has expanded its Canadian meal delivery vertical with the addition of a second shipping day each week. The company said the added day will help enhance the outreach to its growing plant-based community. Through its partnership with UpMeals, a Vancouver-based food technology company that provides prepared meals, PlantX’s Canadian meal delivery service allows customers to order either three or five days worth of nutritionally balanced meals. Hannan Metals Limited (CVE:HAN) (OTCPINK:HANNF) (FRA:C8MQ) has started work on a new LiDAR survey over 64,500 hectares of its San Martin copper-silver project in Peru.  The large-scale 2,782-line kilometre survey is the first in Peru to use LiDAR for geological mapping, fieldwork targeting, and drilling and logistics planning, according to Hannan. The junior exploration company is hoping that the survey will map the geology and structure to define mineralization and offer a more detailed topographic ground model that will map important outcrops and drill collar locations.  Psyched Wellness Ltd (CSE:PSYC) (OTCQB:PSYCF) (FRA:5U9) said that Matthew Singh, a long-time veteran within the beverage and pharmaceutical industries, has joined its team as a consultant. The company said Singh will execute Psyched Wellness management’s go-to-market branding and sales strategy for its AME-1-derived consumer products. AME-1 is the company’s proprietary Amanita muscaria extract. Psyched Wellness is developing a line of Amanita muscaria-derived water-based extracts, teas, and capsules designed to help promote stress relief, relaxation and assist with restful sleeping. American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) (FRA:2AM) said it has added a Japanese patent to its portfolio, further bolstering protection around the company’s ground-breaking lithium-ion battery recycling technology. The Japanese patent office has issued a ‘notice of allowance’ with respect to the company’s national phase patent application for RecycLiCo. The latest patent will join those already issued to American Manganese in the USA and South Korea. Benchmark Metals Inc (CVE:BNCH) (OTCQX:BNCHF) has filed an independent technical report, entitled “Technical Report and Updated Mineral Resource Estimate of the Lawyers Gold-Silver Property, Omineca Mining Division, British Columbia, Canada,” with an effective date of June 28.  Benchmark’s 2021 100,000 meter drill program will focus on expanding and defining the deposit areas and include drilling on new high-priority targets that have the potential for near-surface gold-silver mineralization. Recruiter.com Group Inc (NASDAQ:RCRT) has announced the pricing of its public offering to raise about $12 million in gross proceeds. In a statement, the company said it intends to use the proceeds to invest in sales and marketing efforts for its on-demand recruiting software subscription tools and services, strategic acquisitions and related expenses, and general working capital. Recruiter.com is offering 2.4 million units to the public at $5 apiece. Each unit consists of one share and one warrant to purchase one share of common stock at $5.50 per share.  Vuzix Corporation (NASDAQ:VUZI) (FRA:V7XN) has announced plans to host a pair of webinars presenting tips and best practices for enterprise clients getting started with the company’s augmented reality (AR) Smart Glasses. The July 1 events, titled “Transform Your Workforce with AR and Smart Glasses,” are intended to deliver an actionable overview of AR solutions for clients starting and streamlining a Smart Glasses pilot and broader program. Both webinars will feature the company’s partner, TeamViewer, a provider of remote access software. They are scheduled for 8 am ET and 1 pm ET on Thursday, July 1. Pure Gold Mining Inc (CVE:PGM) (LON:PUR) (OTCMKTS:LRTNF) has released the results of voting at its annual general meeting of shareholders held on June 30. Shareholders voted in favour of all items put forward by the board of directors and management. All seven of the individuals nominated for the board of directors were elected as directors. Shareholders also voted in favour of: appointing PricewaterhouseCoopers LLP as auditor of the company for the ensuing year and authorizing the directors to fix its remuneration; and (approving and ratifying the company’s stock option plan. A total of 211,633,946 common shares were voted. TRACON Pharmaceuticals Inc. (NASDAQ:TCON) has announced the appointment of Ya Huang as executive director of Statistical Programming. The company noted that Huang brings more than two decades of broad statistical programming experience to TRACON, including most recently as a senior director at Arena Pharmaceuticals, and past roles at Halozyme Therapeutics, Gilead, and Amylin Pharmaceuticals. In connection with his appointment, the company said Huang was issued an inducement award consisting of an option to purchase an aggregate of 37,000 shares of the company’s common stock. Alternus Energy Group PLC (OSE:ALT) confirmed that from today, June 30, 2021, the company’s stock is trading on the Euronext Growth Oslo stock exchange. INDVR Brands Inc. (CSE:IDVR) said it has published its Financial Statements and MD&A for the three months ended April 30, 2021, which are available under the company’s SEDAR profile at www.sedar.com. Zynerba Pharmaceuticals, Inc. (NASDAQ:ZYNE), said it has adjourned its 2021 Annual Meeting of Stockholders due to a lack of quorum. 49% of shares were voted, just below the 50% required for a quorum. The adjourned meeting will be reconvened at 9.00am EDT on Tuesday, August 3, 2021. The reconvened annual meeting will also be a “virtual” meeting of stockholders. Water Tower Research analyst Budd Bugatch on June 16 conducted a Fireside Chat with Katherine Collins, who has served as head of Sustainability Investing for Boston-based Putnam Investments since 2017. Collins noted that socially responsible investing (SRI) had its roots in an approach that started with exclusions first. She and other professional investors found that approach unsatisfying because it has a limited toolbox and shrinks the universe of possible investments over time. The 30-minute video interview can be accessed on-demand here. Gevo Inc (NASDAQ:GEVO) CEO Dr Patrick Gruber will participate in a Water Tower Research Fireside Chat on Thursday at 4:00 pm ET. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials and is developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels. Investors interested in participating in the event can register using the link HERE. Registration for the live event is limited but a recording will be available after the presentation ends utilizing the same registration link.  

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