A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
() announced Friday that Grupo Boticário, one of South America's largest cosmetic companies, is utilizing its M400 Smart Glasses at its Camacari manufacturing facility in Brazil. The company is using the Vuzix glasses to connect its remote specialists in product development with the factory operators, who receive expert audio and video support while executing production. Because the product is worn as glasses, the process is hands-free and doesn’t impact manufacturing productivity. Additionally, the productivity of the specialists also increases due to less time spent traveling, which also greatly reduces their carbon footprint.
True Leaf Brands Inc () (OTCPINK:TRLFF) (FRA:TLA) announced Friday positive news concerning the firm’s restructuring process - its creditors had unanimously approved True Leaf’s proposals. The approvals allow True Leaf’s businesses, which include True Leaf Cannabis Inc, True Leaf Brands and True Leaf Investments Corp, to emerge from their respective proposal proceedings so that financial backers Canguard Entities can acquire the assets and shares of the companies.
() (OTCMKTS:CYLUF) (FRA:CCY) announced on Friday that it has closed the first tranche of its private placement with strong interest from a new strategic investor group. On October 19, Ceylon Graphite unveiled plans to raise up to C$4.5 million through a private placing, to accelerate its commercial operations. In a statement, the miner said it offered an aggregate of 30,163,566 units at a price of $0.0875 per unit for gross proceeds of $2,639,312. The second closing for the balance of the offering is likely to happen around October 28.
American Manganese Inc () (OTCPINK:AMYZF) (FRA:2AM) said Friday that there was continued recognition of the strategic importance of the Wenden manganese ore stockpile in Arizona and the recently awarded grant to the company from the United States Defense Logistics Agency (DLA). This week, the DLA awarded American Manganese a grant to work on the US government's manganese ore stockpile located near Wenden, Arizona, with the goal of producing electrolytic manganese metal (EMM) for the nation. The DLA manages combat logistics across all US Armed Services and oversees the US National Defense Stockpile (NDS).