A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
(NYSEAMERICAN:GORO) generated net revenue of $28 million during its first quarter, the miner said Tuesday. The firm produced a total of 10,142 ounces of gold and 407,625 ounces of silver from its operations in Mexico and Nevada over the first three months of the year and ended the period with $18.4 million in cash and equivalents. The Colorado-based company suspended operations at its Oaxaca Mining Unit in mid-March in light of the ongoing coronavirus pandemic that caused the Mexican government to impose mandatory closures on all businesses deemed non-essential.
Inc (), which is preparing to commercialize its Twirla patch contraceptive, closed out its first quarter of 2020 with nearly $94 million in cash and cash equivalents. In a statement Tuesday, CEO Al Altomari called the quarter that ended March 31 “transformational” for the company. In February Agile achieved a major milestone -- it won US Food and Drug Administration approval of Twirla, a low-dose prescription contraceptive delivered through the skin via the company’s proprietary patch technology. Altomari said New Jersey-based Agile is moving forward -- despite the coronavirus (COVID19) shutdown and health crisis -- with its precommercial activities to bring Twirla to market in the fourth quarter of 2020.
Loop Insights Inc () has launched a contactless digital receipt platform to eliminate the need for exchanging paper receipts during the coronavirus pandemic. The technology allows retailers to send digital receipts via text, email, app or mobile wallet with just one tap on the user’s device. In addition to receipts, Loop’s platform is able to provide personalized promotions and programmatic third-party advertising. That creates potential new revenue through cost per impression and cost per redemption models.
Corp () (OTCPINK:PEMTF) (FSE:1WZ1) revealed Tuesday that it acquired a record-setting 17,996 new customers in April, a 48% jump from the same period a year earlier. In a statement, the e-commerce-focused company said it also saw “strong demand” from customers enrolling in a subscription, totaling 14,091 new subscribers in April. This represented a 78% jump in new subscriber subscriptions, compared to April 2019. The Vancouver-based company's popular Natures Exclusive brand has a CBD hemp-oil derived from hemp grown in the United States. The extraction process is designed to keep all the beneficial qualities of hemp intact. Natures Exclusive offers a range of products, which include CBD oil drops, CBD gummies, CBD pain relief cream, CDB skin serum and CBD coffee.
() CEO Dr Faz Chowdhury will give investors new insights into its sugarBEAT study in an interview with RedChip Companies on May 11. The medical technology company is in the midst of commercializing sugarBEAT, a non-invasive and flexible continuous glucose monitor for diabetes management. In a statement, the Loughborough, England-based company said its CEO will provide insights into its head-to-head study with a major existing glucose monitoring solution with the goal of positioning sugarBEAT as an alternative to expensive and invasive continuous glucose monitors.
Pressure BioSciences Inc () announced plans to change its name to Avalia Bio following its acquisitions of and merger with Cannaworx Inc and SkinScience Labs Inc. The name change is meant to reflect the science-driven collaboration between the companies, which will operate as synergistic divisions utilizing Pressure Bio’s Ultra Shear Technology platform to bring new levels of bioavailability and performance to a suite of human, animal and agricultural products.
eWellness Healthcare Corporation (), which offers its PHZIO digital physical therapy platform, announced Tuesday that it signed a Letter of Intent with Lord Global Corporation (OTCMKTS:LRDG) for a strategic joint marketing and financing agreement. The partnership comes as the US physical therapy market is forecast to grow 6.2% per year and reach more than $45 billion by 2023. And the coronavirus (COVID-19) pandemic, which has millions of Americans sheltering-in-place at home, should lead to greater demand for the PHIZO platform given that it is the only publicly traded, telemedicine system dedicated for online physical rehabilitation. A Lord Global subsidiary will receive a marketing fee for identifying physical therapists and their clients to use the PHIZIO platform. In addition, 27health Inc subsidiary will receive 25% of eWellness’ net revenue.
Vehicles Corp () said it has begun development of a new smartphone app that will enable remote monitoring capabilities for owners of its SOLO EV car. The Canadian electric vehicle maker said the app will be available with the launch of the SOLO EV production vehicle and both Apple iOS and Android versions will provide owners with a connected vehicle experience, enabling remote monitoring of the vehicle status. Features in the app will incorporate the capability to determine whether the vehicle is plugged in and connected, the battery state of charge, and length of time to completion of charge.
BevCanna Enterprises Inc () (), a dominant player in the cannabis-infused beverages market, has inked a licensing agreement with Keef Brands for its infused beverage lines in Canada. BevCanna will act as the exclusive licensee and co-packer for the award-winning Keef lines of beverages. It will leverage its extensive experience in developing and launching beverages in the Canadian market to “maintain compliance with Health Canada,” as well as all related “national sales and distribution efforts,” the company said in a statement. In addition to BevCanna's role as licensee for Keef in Canada , BevCanna has engaged Keef, through its network of licensed manufacturing partners, to co-pack and distribute BevCanna's cannabis-infused beverage products in the United States. Under the agreement, BevCanna has agreed to invest US$150,000 in Keef Brands by participating in a convertible debenture offering, in multiple tranches.
Mawson Resources Ltd () (OTCMKTS:MWSNF) told investors it has tripled its ground in the famous Victorian goldfields of Australia as it outlined exploration plans for its Sunday Creek project, where it aims to target high grades at depth and along strike. Sunday Creek (previously called the Clonbinane project) is a significant historic high-grade gold mining area, featuring historic mines over an 11 kilometre (km) trend and was acquired when Mawson closed the strategic and acquisition investment in March with Nagambie Resources (). Mawson now has a total land holding of 19,365 hectares at wholly-owned Sunday Creek property.
Empower Clinics Inc ()(OTCQB:EPWCF) announced Tuesday that its corporate clinics business in April clocked up a triple-digit, year-over-year increase in patient visits. The Vancouver-based firm, which also owns a network of physician-staffed, medical cannabis-focused health clinics in Oregon and Arizona, said there were 2,212 total patient visits last month, compared to 254 in April 2019, an increase of 871%. In a statement, Empower said it is booking new physician appointments for immune-boosting services that are leading to naturopathic product sales and the ordering of specialized tests. In addition, the company said it has increased orders of Personal Protective Equipment (PPE) and equipment such as stainless-steel tables, portable air conditioning units, tents and medical supplies to support staff and patients as part of a medical testing protocol in the US.
Newgioco Group Inc (NASDAQ:NWGI), the global sports betting and gaming company, said it has started reopening physical neighbourhood betting shops in Italy. The Italian government moved to eased restrictions on businesses deemed non-essential this week as the country emerges from the worst of the coronavirus (COVID-19) pandemic. New York-based Newgioco said it is outfitting its 150 Italian locations with personal protective equipment aid packages in the form of utility stands containing hand sanitizer, face masks and gloves for employees and customers. The firm is offering the utility stands to its store owners free of charge.
Genprex Inc () shares shot higher in pre-market deals in New York on Tuesday after the group said it has been awarded a worldwide license, allowing it to use lead candidate Oncoprex to treat cancer in combination with a range of immunotherapies The gene therapy firm has struck a license agreement with the renowned University of Texas MD Anderson Cancer Center (MD Anderson) for an exclusive worldwide license to a portfolio of 16 patent applications and related technology. MD Anderson will receive an up-front license fee and annual maintenance fees, with the potential for milestone payments, sublicensing fees, and product royalties.
Limited () has released new results from geophysical surveys at its Caribe gold project in Nicaragua that shed light on what could be a significant porphyry-epithermal style of gold mineralization. New ground magnetic data confirmed that the location of an airborne anomaly identified through earlier geophysical work is around 100 to 200 metres below surface and near previous scout drilling at Caribe. In a statement, Royal Road CEO Tim Coughlin said that new analysis and interpretation of drill core at Caribe implies a porphyry to epithermal mineralizing environment.
CleanSpark Inc (), a diversified software and services company, announced Tuesday that revenue is trending up as it eyes becoming profitable by the end of 2020. As of April 30, revenues for the prior seven months were about $5.6 million — surpassing its revenue for the entire 2019 fal year of $4.5 million. That’s a 24% increase. "We have achieved significant progress even in the face of COVID-19,” said CEO Zach Bradford in a statement.
Renaissance Gold Inc () () announced that it has filed 66 unpatented mining claims comprising the Elba project in Esmeralda County, Nevada. The company noted that the project area is located approximately 45 kilometers (km) west-northwest of Tonopah, Nevada and sits within a large (8km2) alteration zone which is hosted by an arcuate rhyolite dome field. Renaissance Gold noted that Elba is part of the “prolific” Walker Lane mineral trend and that historic drilling had intersected anomalous gold of between 0.1-0.7 grams per tonne (g/t) and mercury up to 10 parts per million in opalite horizons and breccia.
Inc () has reported a surge in programmatic advertising revenue over April as it created new ad units to add to its inventory. The firm reported that revenues had jumped by 389% month-on-month, while ad impressions increased 409% to around 22.7 million in April from 4.5 million in March. "Our digital advertising revenues are projected to dramatically surpass our legacy ad model as we move forward with our tech-heavy strategy. We are leveraging the latest technology to optimize bottom line growth, while ensuring our readers have the best possible experience," Anton Tikhomirov, Media Central's senior vice president, Technology and Architecture said in a statement.
Loop Insights Inc () has launched a contactless digital receipt platform to eliminate the need for exchanging paper receipts during the coronavirus pandemic. The technology allows retailers to send digital receipts via text, email, app or mobile wallet with just one tap on the user’s device. In addition to receipts, Loop’s platform is able to provide personalized promotions and programmatic third-party advertising. That creates potential new revenue through cost per impression and cost per redemption models.
TIMIA Capital Corporation's () () boss has said the company wants to build on the success of a 'transformative' 2019 and believes its outlook and financial position is positive despite the current global challenges. In a letter to shareholders, TIMiIA chief executive Mike Walkinshaw said: "We are growing, investing and vigilantly watching the performance of our portfolio of exciting SaaS companies." The company boss noted though that TIMIA has decided to increase the size of its capital reserves and reduce allocation to new deals. "Management believes that recurring revenue software companies offer security and stability. The company utilizes a proprietary credit scoring process that focuses on high customer retention rates as well as a well-diversified customer base," he told investors.
Information Services Corp () revealed it has implemented enhanced monitoring after a "recent occurrence of unusually high search volumes of publicly available free data" in the Saskatchewan land registry. The tech group provides registry services for public records and operates and manages the Saskatchewan Land Registry. also reminded its customers to be cautious of any unusual or suspicious correspondence, emails or phone calls related to the company, the Land Registry and its records, or that request personal or financial information. The group said it was making the statement on behalf of the Government of Saskatchewan. It said the search activity was performed using false information to conduct multiple searches as a means of collecting a large amount of free data.
NexTech AR Solutions Cor. () (). a leader in augmented reality for eCommerce and AR learning applications and Virtual Events, announced that its CEO Evan Gappelberg has purchased a further 929,885 common shares in the company, his third purchase of the year. The company said Gappelberg purchased 824,296 shares by converting his outstanding convertible note issued in July 2019; he also exercised another 105,589 warrants which put an additional $73,921 onto the balance sheet bringing his total investment from both the July note, which was $657,000, and his $73,921 warrant conversion to $730,921. NexTech said the purchases further bolstered its cash and inventory position which is already over $3 million.
Great Panther Mining Limited (TSX:GPR) (NYSEAMERICAN:GPL) said it has scheduled the release of its first quarter 2020 financial results for Thursday, May 7, 2020, after the market close. The group added that a conference call and webcast will be held on Friday, May 8, 2020, at 7.30am PDT/10.30am EDT. Shareholders, analysts, investors and media are invited to join the live webcast and conference call by logging in or calling in five minutes prior to the start time. Live webcast and registration: www.greatpanther.com; Vancouver: + 1 604 638 5340; US and Canada toll-free: + 1 800 319 4610; International toll: + 1 604 638 5340. A replay of the webcast will be available on Great Panther's website approximately one hour after the conference call. Audio replay will be available for four weeks by calling the numbers below using the replay access code 4525: Vancouver: + 1 604 638 9010; US and Canada toll-free: + 1 800 319 6413; International Toll: + 1 604 638 9010.
Limited (NYSEAMERICAN:VNRX) has said it will host a conference call on Friday, May 8, at 8.30am Eastern Time to duss its financial and operating results for the first quarter 2020, in addition to providing a business update. It noted that Reynolds, Volition's president and chief executive officer will host the call along with David Vanston, its chief financial officer and Scott Powell, executive vice president, Investor Relations. The call will provide an update on recent developments and Volition's activities, including details of new and ongoing clinical trials, important events which have taken place in the first quarter of 2020, and milestones for 2020 and beyond. Investors can dial in on the following numbers: US & Canada Dial-in: 1-877-407-9716 (toll free); UK Dial-in: 0 800 756 3429 (toll free); Toll/International: 1-201-493-6779; Conference ID: 13703451 A live audio webcast of the conference call will also be available on the investor relations page of Volition's corporate website at http://ir.volition.com. In addition, a telephone replay of the call will be available until May 22, 2020, with replay pin number 13703451. The replay dial-in numbers are 1-844-512-2921 (toll-free) in the U.S. and Canada and 1-412-317-6671 (toll) internationally.
Hill Street Beverage Company Inc () said the TSX Venture Exchange has accepted for filing the company's proposal to issue 1,729,030 shares at a deemed price of 8 cents per share to settle outstanding debt for $138,323, which originated from severance payments with two creditors. DD in March.
mCloud Technologies Corp () said that effective from the open on Wednesday, May 6, 2020, 1,833,081 warrants of the company will commence trading on the TSX Venture Exchange in connection with its previously completed private placement of special warrants. Each special warrant was automatically exercised (without payment of any further consideration) into 1.1 units of the company, with each unit consisting of one common share and one-half of one common share purchase warrant. Each whole common share purchase warrant is exercisable to acquire one common share of the company at a price of $5.40 per common share until January 14, 2025, subject to certain adjustments.
