A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
Wellness Inc (), a leading US health and wellness CBD company, announced that it has completed its initial public offering (IPO) to raise US$17 million and has started trading on the big board in Toronto. The company rounded out its US$17 million IPO by offering 7 million shares at a price of US$1.00 per share to raise gross proceeds of US$7 million and 10,000,000 units at the offering price per unit for gross proceeds of US$10 million. “The additional US$17 million in capital adds to our healthy treasury, providing us with a solid foundation to build from and execute on our strategic plans for 2021 and beyond," HempFusion Wellness co-founder and CEO Dr Jason Mitchell said in a statement.
() announced Wednesday that it has secured base-load orders for the production of raw materials servicing the infrastructure marketplace at its Perry County Resources (PCR) mining complex. The Fishers, Indiana-based company has previously announced that its contractor has commenced production at the restructured PCR complex under its streamlined, low-cost operating model. American Resources said the secured commitments and contracts are for product that will be delivered to one of the largest steel companies in the world, as well as specialty alloy metal producers and industrial companies domestically and abroad.
Inc () announced Wednesday that it is about to make history. Based on its preliminary internal financial reporting for the fourth quarter of 2020, the Utah-based company said its unaudited quarterly revenue is anticipated to be the highest in its history and to surpass analyst estimates ranging from $24 million to $25.98 million. Co-Diagnostics said revenue for its 4Q, which ended December 31, is expected to exceed the highest estimate and to show 20%-25% growth over 3Q 2020 revenue of $21.82 million.
() provided its outlook for 2021, in which the company is aiming to commercialize its fully-compostable, plant-based capsules for use in Keurig Brewing Systems in the first half of the year. NEXE also said it is targeting the launch of its coffee capsules for use in Nespresso "original line" brewing systems by the second half of 2021.
KULR Technology Group Inc () said it expects “strong” revenue growth during 4Q 2020, with preliminary unaudited results estimated to be in the range of $200,000 to $250,000, compared to $52,954 during 4Q 2019. The company added that its full year 2020 revenue is anticipated to be in the range of $620,000 to $670,000.
American Manganese Inc () has welcomed the fact that the respected Journal of the Electrochemical Society (JES) has reviewed and published the company's technical paper detailing the company's ground-breaking battery recycling process. The 'Experimental Study on Recycling of Spent Lithium-Ion Battery Cathode Materials' publication describes the firm's experimental work, which led to the patented RecycLiCo process which can generate valuable and critical metals from spent lithium-ion battery cathode materials.
() () (FRA:4WE), a federally-licensed producer and distributor of medical-grade cannabis, said its executive chairman and interim chief executive officer George Scorsis has issued an open letter to shareholders to provide a corporate overview of WeedMD’s operational and commercial activities. The company confirmed it kicks off 2021 having doubled revenues in 2020 and fully ramped-up its quality cultivation and production platform. The full letter and corporate overview can be found on WeedMD’s website here: https://www.weedmd.com/shareholder-newsletter-2021-new-year-great-expectations/
() () unveiled significant expansion moves after the market close on Tuesday, announcing plans to acquire both Green Therapeutics LLC and 2750176 Ontario Inc., known as ALPS, and getting a new CEO in the process. Green Therapeutics is an award-winning, Nevada-based cannabis company with a strong brand portfolio of high-end dried flower and designer/luxury derivative products; ALPS is a global leader in facility design, construction management and (post) commissioning services to the horticultural sector. Terry Booth, currently a principal of ALPS, will become CEO of Australis at closing, taking over from Dr Duke Fu, who has been serving as Interim CEO since November 17, 2020.
(NYSEAMERICAN:AIM) (FRA:HXB2) has announced Wednesday that the active AMP-511 Expanded Access Program (EAP) has dosed its first coronavirus (COVID-19) “Long Hauler” patient with the drug Ampligen (rintatolimod). The company said the initial dosing marks a significant milestone in its efforts to develop an effective therapeutic for people suffering from post-COVID-19 infection chronic fatigue-like symptoms. Additional patients are in the process of being enrolled.
() (OTCPINK:MWSNF) (FRA:MXR) has reported more encouraging drill results from its Sunday Creek project in Victoria, Australia, which show the potential for a widespread, gold-rich system. The latest assays come from two holes at the property, which lies in the famous Victorian Goldfields of Australia, and where ten holes have now been completed for 1,504 metres (m). Drilling will continue at the property from early this month.
African Gold Group Inc () (OTCMKTS:AGGFF) (FRA:3A61) told investors it was on track to release an updated mineral resource for its flagship Kobada gold project in Mali early this year as the company released another round of positive drill assays and said it had extended drilling. So far, the company has sunk 6,258 metres of combined diamond drilling and reverse circulation drilling, with results continuing to show deeper than anticipated extensions of the orebody as well as additional mineralized zones outside the known ore zones.
Corp () announced Wednesday that it has expanded its women's healthcare services. In a statement, the company said it has added two new healthcare providers, updated its women's healthcare app Oohvie, and plans to launch its own telemedicine service in March 2021. added the two providers to the clinical staff in preparation for the expansion of its women's healthcare services -- Dr Charles Adamczyk and Deanna Hobby, a nurse practitioner.
Pacton Gold Inc () (OTCPINK:PACXF) (FRA:2NKM) told investors Wednesday that it plans to accelerate its ongoing drill program at its two Ontario gold properties in 2021. The junior exploration company began a 10,000 metres (m) program at its Red Lake gold project and an 11,500m program at its Sidace project in 4Q 2020. At Red Lake, the Vancouver-based company said it will complete the 10,000m program before analyzing geophysics and sampling data in preparation for a property-wide surface exploration program that will develop new targets before Phase II drilling begins.
. (NYSEAMERICAN:MLSS) said it has raised its revenue guidance to over $2 million for the fourth quarter of 2020, a 67% sequential increase over $1.2 million reported for the third quarter of 2020. In a statement, Arjan Haverhals, president of Milestone Scientific and CEO of Wand Dental Inc., stated, “I am pleased to report we are increasing our revenue guidance to over $2 million for the fourth quarter of 2020, which compares favorably to the $1.2 million we reported for the third quarter of 2020, and our prior guidance of $1.7 million, which we had previously forecast for the fourth quarter of 2020. We attribute this strong performance to the improvement in our dental business, which has continued to recover as dental offices reopen across the country and around the world."
() (NYSEAMERICAN:SVM) (FRA:S9Y) reported assay results from its 2020 exploration program at the HPG mine in China’s Henan Province, which included a 1.58 metre (m) interval grading 17.08 grams per tonne (g/t) gold, 301 g/t silver, and 18.66% lead in a new vein. The company noted that it has received assay results for 140 holes, with 69 holes intercepting mineralization. It added that 13,515m of drilling has been completed from July 1, 2019 to October 31, 2020, from 150 diamond drill holes, including 129 underground holes and 21 surface holes, with nine rigs drilling at the HPG mine since July 2020.
Ipsidy Inc () announced a suite of biometric identity solutions Wednesday for agencies in all 50 US states and Washington DC, designed to assist them in complying with the 2020 CARES Act. Section 242 amended the CARES Act to require the state agencies responsible for administering pandemic unemployment assistance (PUA) claims to verify the identity of applicants. The act also provides federal funding to help state agencies implement new identity verification procedures.
. () (OTCQX:OQMGF) has announced that it is resuming drilling with 12 drill rigs to continue executing the well-funded 150,000-metre drilling program on its properties in Val-d'Or Québec, Canada As planned, the increase to 12 rigs will allow the company to take advantage of the freezing winter conditions to test targets located in humid areas. Four rigs are operating on the Malartic property where a total of 45,000 metres of drilling is planned, and eight will focus on the Alpha property for a total of 100,000 metres of planned drilling.
Victory Resources Corporation () (FRA:VR61) (OTCPINK:VRCFF) announced that it has filed a "Notice of Operations" toward permitting for a 500 metre short hole drill program on the company's recently optioned Loner Property in Nevada, schedule to begin in late January, permit depending. "The first pass drilling program at Loner Property is intended to confirm intersections of gold-bearing quartz vein that correlates with historical underground mining and mapped surficial gold occurrences. It is anticipated the drill program will demonstrate broader mineralization across the width and depth of the occurrence which remains open in all directions," said David R. Deering, VP Exploration, and a director of Victory Resources.
() announced that it has engaged Hybrid Financial Ltd to provide investor relations services. Empress will continue to work closely with Peak Investor Marketing and other groups in the implementation of a comprehensive marketing strategy. "We are excited to commence 2021 by activating our strong marketing campaign," stated Alexandra Woodyer Sherron, CEO and president of Empress. "We engaged Hybrid to heighten market and brand awareness. The implementation of our comprehensive strategy is to create effective capital market awareness, increase investor engagement, and allow us to connect with existing and new shareholders during what we anticipate will be a very active time for Empress." Peak was engaged in August 2020 to develop, implement and manage the marketing strategy program to create capital market awareness as well as assist in corporate communications and public relations. Hybrid has been engaged to further heighten market and brand awareness for Empress and to broaden the company's reach within the investment community.
(), a clinical-stage biopharmaceutical company focused on the development and commercialization of novel targeted cancer therapeutics and utilizing a cost-efficient, CRO-independent product development platform to partner with ex-US companies to develop and commercialize innovative products in the US, has announced that Charles Theuer, its president and chief executive officer, will present a corporate overview at the H.C. Wainwright Virtual BioConnect 2021 Conference, being held January 11-14, 2021. The presentation will be available on-demand beginning on Monday, January 11, 2021, in the Investors section on the company’s website at www.traconpharma.com.
LexaGene Holdings, Inc.() (), a molecular diagnostics company that develops fully automated rapid pathogen detection systems, has announced that it will be presenting at two upcoming investor conferences. Dr Jack Regan, the company's CEO and founder will be presenting at the SNN Network Canada Virtual Event on Thursday, January 7, 2021, at 1.30pm (Eastern Time). To access LexaGene’s live presentation, please use the following link: https://www.webcaster4.com/Webcast/Page/2059/39313. The company’s webcast presentation will be available directly on the conference event platform under the agenda tab after the event. Dr Regan will also be presenting at the H.C. Wainwright Bioconnect 2021 Virtual Conference. The conference is on-demand and the presentation will be available during the week of January 11-14, 2021. Interested parties can register at this link to view the webcast: https://hcwevents.com/bioconnect/
(), a medical technology company developing a proprietary biomedical signal processing platform designed to improve signal fidelity and uncover the full range of ECG and intra-cardiac signals, has announced that Kenneth L. Londoner, its chairman and CEO will be presenting live to a virtual audience at the Sidoti Winter 2021 Investor Conference on Wednesday, January 13, 2021, at 2,30pm ET. During the presentation, he will provide an overview of the company and business highlights. To date, more than 410 patient procedures have been conducted with the PURE EP System by more than 32 electrophysiologists across seven different clinical sites in the United States. To access the presentation, investors can register here: https://sidoti.zoom.us/webinar/register/WN_xOag-nPjTNCfPxByqKBgrw
