NA Proactive news snapshot: Next Green Wave, DGTL Holdings, Phunware, Hill Street Beverage, Thunderbird Entertainment UPDATE …
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
Holdings Inc () (OCTMKTS:NXGWF) revealed that the first 30 days of sauce cartridge sales generated revenue of over US$100,000, at a gross margin of around 60%. The Vancouver, British Columbia-based premium seed to shelf craft cannabis producer offering products through its in-house brand portfolio and wholesale flower to other cannabis manufacturers, said that the successful soft launch had inspired it to rapidly expand distribution to all current retail partners. Next Green Wave currently has the several branded products in the market including indoor flower, pre-roll joints, dabbable extracts, the sauce cartridges, shortened to Carts. The company said their Carts are “totally different” than your standard "vape" or "sauce cart" as it is a non-distilled sauce with COA's coming back as high as 85% THC and 95% total cannabinoids.
DGTL Holdings Inc () reported Thursday that it has secured a new client service agreement with a global leader in the e-marketing services sector. The 12-month contract is valued at US$1 million and will leverage Hashoff's "IAM" and "Create Marketplace" products for marketing to the e-sports sector, DGTL said in a statement. Hashoff is an enterprise-level self-service CaaS (content-as-a-service) built on proprietary Artificial Intelligence and Machine Learning (AI-ML) technology. The Toronto-based company said the SaaS license agreement was executed with a global marketing partner, currently active in four continents, with over 120 active consultants, operating across 15 sectors, including; financial services, specialized distribution, telecommunications, media and technology, transportation and mobility, etc.
() announced Thursday the launch of its Multiscreen-as-a-Service (MaaS) customer data platform (CDP). Phunware's MaaS CDP is cloud-based and includes software that aggregates and organizes customer data in real time across multiple touchpoints to create persistent, unified customer databases, the company said. These databases are fueled by the more than 16 billion unique Phunware IDs created to date and facilitate unique data segment generation, the company said. That data is easily accessible and consumable within core enterprise engagement packages, including customer relationship management (CRM) and marketing automation (MA) systems.
Hill Street Beverage Company Inc () has signed a non-binding term sheet with Molecule Holdings Inc to produce select cannabis-infused beverages for Hill Avenue Cannabis Co, the wholly owned subsidiary of Hill Street. The Notice of New Product Introduction to Health Canada was filed on October 1 for the first beverages to be produced by the partnership, Hill Street said in a statement Thursday. The filing begins the 60-day notice period wherein the two companies can begin arranging sales and distribution agreements with provincial regulators and independent retailers. Hill Street said the three-year agreement will include both formulating and manufacturing beverage products using proprietary infusion technologies provided either by Molecule or Hill Street's previously announced Joint Manufacturing Partnership with Lexaria Biosciences Corp () (), once Hill Street's cannabis processing facility has been licensed by Health Canada.
() (OTCMKTS:THBRF) released its fiscal fourth-quarter and full-year financial results on Thursday, revealing growing revenue and a swing toward positive cash flow. The company posted revenue of $21.1 million for the three months ended June 30, a 63% increase from C$12.9 million in the same period of 2019. Fiscal 2020 revenue was C$83.1 million, up 41% year-over-year from C$57.7 million. Its free cash flow was $7.3 million for the fiscal year, compared to negative free cash flow of C$5 million in fiscal 2019.
() (OTCMKTS:FWEDF) (FRA:20F) said this year's drill program at its giant Macmillan Pass project in Yukon has now been completed with assays for all holes awaited. Ten diamond drill holes for 2,948 metres (m) and nine reverse circulation holes for 507m were sunk and a highlight was the new discovery of near-surface zinc-lead mineralization west of the Boundary zone, now called 'Boundary West'. "It has been a short but intense exploration season at Macmillan Pass where we had three drills working," Brandon Macdonald, the chief executive told investors. "Highlights for the season are several wide intersections of zinc-lead mineralization in long step out holes at Boundary West Zone for which we eagerly await assays," he added. "These include yet more wide zones of mineralization in new step out holes 008 and 009 at Boundary West Zone. We also drilled wide intersections in the heart of Boundary Zone and tested other targets as well."
() (OTCMKTS:INOTF) announced Thursday that an Ontario-based Anderson Haulage trucking company has installed the first ThermalPass temperature screening system in North America to help mitigate the spread of COVID-19. ThermalPass celebrated its commercial launch at the headquarters of Anderson Haulage, which employs more than 200 persons, on October 13. The trucking firm has installed the ThermalPass fever detection system at the entrance of its headquarters in Gormley, Ontario, to screen employees as they enter the facility. ThermalPass is a medical-grade, artificial intelligence-enabled thermal sensor, temperature screening system, that can easily be assembled in minutes at entrances to factories, supermarkets, drugstores, and more. ThermalPass takes 480 temperature readings per second without encroaching on an individual's privacy or violating social distancing rules.
Corp () (OTCPINK:NPEZF) announced Thursday that Alan Morris will write a new National Instrument 43-101 Technical Report for its flagship Majuba Hill property, a copper, silver, and gold porphyry project in Nevada. In a statement, the company said Morris was the author of the original Technical Report written in 2017 and he has over 39 years of geologic mineral exploration experience in the Western US, Alaska, and Yukon, Canada. Bam Bam said Morris, a Certified Professional Geologist, is particularly knowledgeable about early-stage generative projects and mid-stage drill projects for precious and base metal projects.
Loop Insights Inc () (OCTMKTS:RACMF) said Thursday it has been accepted into the TELUS Corp IoT (Internet of Things) Marketplace, which will serve to significantly expand Loop's sales distribution channels on a national scale. TELUS launched the marketplace to help Canadian businesses accelerate the adoption of IoT tech. Loop said the marketplace is designed to allow businesses to quickly deploy IoT solutions while acting as a lead generation and sales channel for developers and TELUS has also committed its sales and marketing teams to provide support. "By partnering with innovative and leading IoT development companies, such as Loop, we're ensuring that our customers have access to some of the most advanced IoT business solutions in the world," said Andrew Turner, vice president of strategy at TELUS.
Mining Inc () (OTCQX:HGGOF) continues to report high grade assays from its 15,000 metre (m) diamond drill program at the flagship Johnson Tract gold project in Alaska. Results from four new holes were made public on Thursday, from just six reported so far, and all four were characterized by high grade gold and other metals. The firm has completed 28 holes so far in the program, for 14,500m. Resource expansion drilling at the main JT Deposit continues to deliver solid results of high-grade mineralization in these step-outs," said the firm's CEO Darwin Green in a statement. "We are equally pleased with the emergence of a significant thick zone of copper-silver rich mineralization in the footwall to the JT Deposit, in drilling done to follow up on last year’s late season discovery."
BevCanna Enterprises Inc () (), a dominant player in the infused cannabis beverages industry, said Thursday that its partnership with award-winning Keef Brands positioned the infused beverage operator “very well for rapid growth” within the US market in anticipation of “positive federal regulatory reform” aimed at US federal cannabis legalization. BevCanna said its North American agreement with Keef Brands leverages the strengths of both companies “to full advantage.” BevCanna will act as the exclusive licensee, manufacturing and distribution partner to the award-winning US line of Keef infused drinks for the Canadian market, and will use the large Keef US manufacturing and distribution network to access the US cannabis market. The US has more than 1,000 dispensaries and delivery services across Colorado, California, Arizona, Nevada, Michigan, Oklahoma, and Puerto Rico, said the company.
Tocvan Ventures Corp () updated Thursday on its conclusions from recent technical studies at its Pilar project in Sonora, Mexico, which the firm believes could be a large epithermal gold-silver system. As reported last month, a significant recent find has been the interpretation of a pipe-like feature, 100 metres (m) in diameter in the east-central part of the property, which may be a feeder pipe related to epithermal mineralization. Notably, this pipe is coincident with the discovery, announced in June, of the high-grade silver East Zone, which contains areas of high-grade gold and high-grade silver. In fact, the two highest silver assay results are in this area, at 317 grams per ton (g/t) from soil sampling and 323 g/t of the precious metal from rock-grab samples, noted Tocvan.
Inc (CVE:VLNS) () (FRA:7LV) posted fiscal third-quarter results that saw its revenue jump 10% year-over-year driven by new brand partnerships, white-label, custom manufacturing agreements and existing contracts. For the period ended August 31, 2020, the Kelowna, British Columbia-based manufacturer of cannabinoid-based products, reported revenue of $18.1 million, compared to $16.5 million in the third quarter of 2019. The company’s gross profit was $7.3 million, or 39.5% of revenue, for the fiscal third quarter, compared to $12.8 million, or 77.8% of revenue, in the same period in fiscal 2019. Valens chalked up the reduction in gross profit to the “pullback in toll extraction volumes,” as the company shifts its focus toward driving “greater white label and custom manufacturing product volumes and sales.”
(CVE:SVM) has announced the results of its exploration program at the TLP mine in Henan province in China. The company said from October 1, 2019, to September 30, 2020, the drilling program at TLP has targeted the down/up-dip and along-strike extensions of known mineralized vein structures in the production areas, adding that exploration drilling and tunneling are continuing at the mine and all other mines at the Ying mining district where the project is located.
CleanSpark, Inc. (), a diversified software and services company, said it has been awarded a $370,000 order for its intelligent automatic transfer switch (ATS) switchgear. The company's intelligent switchgear is used to automatically transfer power supply from a primary source to a backup source when it senses a failure or outage, thus assuring uninterrupted power. These intelligent units also allow the system owner the opportunity to participate in regional energy markets when it makes financial sense to sell surplus power back to the grid. The order represents a follow-on order for a Houston, Texas-based energy developer specializing in natural gas turbine-powered microgrids. The final deployments of these units are expected to be on multiple Texas locations of the nation's largest retail chain.
Inc. (CVE:EXRO) (OTCQB:EXROF) has revealed it it is working with Traktionssysteme Austria (TSA) to develop enhanced commercial vehicles by integrating their traction motor systems with Exro's Coil Driver technology. TSA is a leading manufacturer of electromechanical drives for rail and road vehicles. With over 60 years of experience and a broad product portfolio, they provide their customers with individual solutions of the highest quality. The group has reliable traction drives in operation in 55 countries on all continents of the world. Exro and TSA will collaborate on a technology update for heavy-duty electric vehicles and traction motors and drives, such as delivery vans, buses, and trucks.
Inc () (OTCMKTS:BRGGF) said its ORYX Gaming unit has announced that its iGaming Platform and RGS slots content have been adapted to be fully compliant for the market opening in Germany next year. In a statement, Bragg said these new regulations which include reality check functionality, max win, five-second spin intervals, monthly deposit caps, and maximum stake limits coupled with the removal of autoplay and progressive jackpots, will help German partners to further promote social responsibility and minimize gambling-related harm. ORYX has served the German market since 2013 under a Schleswig Holstein licence, providing iGaming platform and content delivery services to major German operators, such as OnlineCasino Deutschland and Hyperin.
() (), North America's only carrier-neutral parcel pick-up and drop-off network, said that through its partnership with UK-based ZigZag Global, a returns portal for online retailers, it has expanded e-commerce returns services to customers of some of the world's largest retailers. Toronto-based PUDO said that the expansion was through networking the PUDOpoint Counters Network with the ZigZag returns portals in online websites. Increasingly, Canadians and Americans who shop domestically and internationally online, will see PUDOpoint Counters in the returns section of online check-outs, directing them to take returns to the Counters location nearest them, for expedited return, said the company. "We have been partnered with ZigZag Global for more than two years, slowly proving our mettle, flexibility, and ability to scale across a vast landscape," said PUDO CEO Frank Coccia.
American Manganese Inc () (OTCPINK:AMYZF) (FRA:2AM) announced Thursday that it will be participating in the Canadian Secondary Battery R&D Mission to South Korea, part of the InterBattery 2020 event, held October 20-24. American Manganese will be presenting a virtual presentation at the Canadian Secondary Battery Networking Forum on October 21. This sold-out event will also have a presentation recording available, with Korean subtitles. The Canadian Secondary Battery R&D Mission to South Korea is delivered by Global Affairs Canada (GAC), through the Canadian Embassy in Seoul and in collaboration with the National Research Council Industrial Research Assistance Program (NRC IRAP), the company said.
(NYSEAMERICAN:GORO) reported Thursday preliminary consolidated record gold production results for the third quarter ended September 30 of 12,575 gold ounces, 333,761 silver ounces, and significant base metals. Nevada gold production increased by 51% as the production ramp-up phase continues, the company added in a statement. Preliminary record 3Q production from its Nevada Mining unit totaled 7,847 gold ounces, a gold production increase of 51% over the prior quarter. Through the first three quarters of 2020, the unit’s preliminary production numbers totaled 16,747 gold ounces.
Ideanomics () has updated on the sales activities of its Mobile Energy Global (MEG) division for September and the third quarter of 2020. For the period starting September 1 to September 30, the company reported that MEG delivered a total of 423 units, while for the third quarter, running from July 1 to September 30, the division delivered 626 units and invoiced an additional 440, which are pending expected delivery.
District Metals Corp () (OTCMKTS:MKVNF) (FRA:DFPP) has received the final results from the airborne survey over the former Tomtebo mine area in Sweden, which has shown the potential for discovery. The firm's polymetallic Tomtebo project encompasses 5,144 hectares (ha) in the Bergslagen Mining District and the electromagnetic (EM) and magnetic survey was flown over the whole site in July.
Nano One Materials Corp () (OTCPINK:NOMF) (FRA:LBMB) is set to bring in over C$10 million gross from an offering co-led by Eight Capital and Gravitas Securities Inc, the firm has told investors. The lithium-ion battery materials-focused group said up to around 3.67 million units will be offered at C$2.72 each for total gross proceeds of up to C$10,000,080. The net proceeds will be used for research and development (R&D) initiatives, business development, working capital and general corporate purposes.
() said its wholly-owned subsidiary, American Rare Earth LLC, has named Mineral Labs Inc. as its Lab of Record for rare earth element analysis and sampling. The company, a supplier of raw materials to the rapidly growing global infrastructure marketplace, said it will continue its work with Mineral Labs and its partners to not only expand sites within its current operational footprint but also identify high-value targets and deposits for expansion throughout coal-based deposits and coal-based sites. In a statement, Mark Jensen, CEO of commented, "When choosing a laboratory partner for our rare earth division, it was imperative that we have the highest quality of accuracy and timeliness within our sampling and analysis program. We have a long history with Mineral Labs, and they have consistently proven to us again and again that they provide exceptional service and accuracy during our existing sampling programs.
.() said it has completed its shares-for-debt transaction previously announced on August 4, 2020, by issuing 800,000 common shares at a deemed price of 50 cents to settle outstanding debts for $400,000. The hold expiry date on these shares is January 26, 2021. Further, the company announced that it has closed a non-brokered private placement consisting of 1,875,000 flow-through shares at a price of 40 cents per share for gross proceeds of $750,000. Each flow-through share consists of one common share that qualifies as a flow-through share as defined in subsection 66(15) of the Income Tax Act. The net proceeds from the offering will be used by the company for exploration expenses on the company's British Columbia mineral properties. The company paid a cash commission of $52,500 and issued 131,250 finders' warrants to Qwest Investment Fund Management Ltd. The finders' warrants are valid for two years from closing with an exercise price of 40 cents. All securities issued in connection with the flow-through offering will be subject to a hold period expiring February 14, 2021.
A/S (CPH:BIOPOR) has said that all of the new shares under its fully-guaranteed rights issue, announced in September, have been subscribed for, with 64,989,801 of the new shares (equivalent to 97.5%) subscribed for by exercise of pre-emptive subscription rights. As demand for the remaining shares has exceeded the number of new shares not subscribed for by exercise of pre-emptive subscription rights, the remaining shares have been allocated as described in the prospectus. Investors who have been allocated these remaining shares will be informed individually. The company expects to complete the offering when payment of subscription amounts has taken place and the new shares have been registered with the Danish Business Authority, expectedly on October 21, 2020.
(), the operator of financial markets for 11,000 U.S. and global securities, has announced that Earthasia International Holdings Ltd. (HKG:6128) (OTCQX:ETIHY), a graphene products manufacturer in the People's Republic of China, has qualified to trade on the OTCQX Best Market. "We are pleased to welcome Earthasia International Holdings Ltd. to the growing roster of Hong Kong-based companies that trade on OTCQX," said Jason Paltrowitz, executive vice president of Corporate Services at OTC Markets Group. "The OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information more broadly available to U.S. investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws." Chan Yick Yan Andross, chief executive officer and director of Earthasia International Holdings Ltd added: "We are pleased to be trading on the OTCQX, which will enhance the visibility and accessibility of the Company to US investors. In conjunction with our Hong Kong listing, we can now reach pools of capital in the world's two largest economies, while also raising the profile of our graphene business as electric vehicle sales surge in the US.”
WallStreet Research (WSR), a top-ranked independent research firm with a history spanning over four decades, recently initiated coverage (). The full initiation research report is available at www.wallstreetresearch.org. The WSR report highlighted the company’s recent accomplishments and growth plans for 2020 and 2021, for both the US and Newgioco’s Italian operations. Alan Stone, CEO of WSR stated: “The Company’s acquisitions during the past several years have positioned it for rapid growth in the near term, which the report discusses. Our report includes analytics and metrics on how the Company compares favorably to its industry competitors and highlights the growth trends in the global gaming industry and technology sectors.”