A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
Mota Ventures Corp (CSE:MOTA) (OTCPINK:PEMTF) (FSE:1WZ1) revealed on Friday that it its US-based Nature's Exclusive brand acquired 102,844 new customers during the six-month period ended June 30, 2020. The Vancouver-based eCommerce-focused company said the new customer acquisitions during the first half of the year represented “an all-time high” for new customer acquisitions within any six-month window for the brand. Mota said the “record number” of new customers can be chalked up to three reasons: increased marketing for its Nature's Exclusive brand, successful scaling of the company's supply chain, and an ability to respond to demand in the pandemic through the introduction of new, relevant products.
Medallion Resources Limited (CVE:MDL) (OTCMKTS:MLLOF) revealed on Friday that it is part of a consortium, which has been established to accelerate the development of a rare-earth element (REE) supply chain in the USA. In a statement, the Vancouver-based company noted that the coronavirus (COVID-19) pandemic had highlighted in many countries, including the US, the importance of such chains, as where they are controlled by non-aligned nations, access to critical materials, chemicals, pharmaceuticals, or key enabling technologies can be compromised. Medallion is working towards producing rare-earth elements from processing monazite tailings sourced from the southeast of the US.
NetCents Technology Inc (CSE:NC) (OTCQB:NTTCF) announced Friday that it has partnered with fintech firm Bison Digital LLC to use its flow of merchant orders as a short-term cryptocurrency portfolio. Last month, the crypto payments company received an industry-leading US$1.4 billion credit facility to fund merchant settlements, thus making it easier to hold crypto positions. The facility allows NetCents to have money in the market over an extended period and profit from buying and selling cryptos — profits that mean it can reduce fees to its client base. Ultimately, NetCents believes the financing will curb any obstacles to unlimited processing and mitigate the risk associated with merchant payouts.
Thor Explorations Ltd (CVE:THX) announced Friday it has closed the first tranche of a brokered private placement raising a total of C$12.5 million that will fund two projects in Africa. The Vancouver-based company said it has issued 69,479,167 common shares at C$0.18 each. Thor said it intends to use the net proceeds to fund further exploration drilling of the Segilola Gold Project underground resource in Nigeria and also to drill identified satellite targets in proximity to Segilola within the project exploration licence and the company’s surrounding exploration licences. The proceeds also will be used to progress exploration at Thor’s prospective Douta Gold Project in Senegal, and for general working capital purposes.
Ximen Mining Corp (CVE:XIM) said the TSX Venture Exchange has accepted for expedited filing documentation relating to a letter agreement dated June 16, 2020, between Ximen and Donald Rippon and Karl Schindler, under which the company may acquire the 3% net smelter return royalties covering the Golden Crown and May Mac properties. In consideration, the company will issue a total of one million shares.
Noble Capital has repeated a 'market perform' rating on Great Panther Mining Limited (TSE:GPR) (NYSEAMERICAN:GPL) after the Vancouver-based miner came out with its second-quarter 2020 production results earlier this week. In a note, the research firm said the second-quarter production figures highlight “solid performance” at Tucano. “While were encouraged by the Tucano mine's solid second quarter production performance, we would like to see more progress in lowering the company's cost profile and greater consistency in the company's operating performance,” the Noble analysts said.
In the June 16, 2020, edition of 'Gold, Energy & Tech Stocks', Jay Taylor, has refreshed his 'buy' of Great Bear Resources Ltd. (CVE:GBR), recently $14.14. Taylor has said buy Great Bear shares five times from February 15, 2018, to April 17, 2020, at prices ranging from 53 cents to $7.83. Great Bear owns the Dixie gold project in Ontario. which Taylor calls Dixie "the gift that just keeps on giving," with a consistent stream of "blockbuster" drill results. Taylor said he marvels at the scale of this high-grade structure and concludes that Great Bear is "a dream come true" and a definite buy, even at today's price levels.
Cannabis One Holdings Inc. (CSE:CBIS) has provided an update to its shareholders and investors about a halt in trading related to the late filing of the company's quarterly financial statements. The group pointed out that its international footprint left it particularly vulnerable to the coronavirus (COVID-19) interruptions, as its officers and directors are spread out over Canada and the United States, and these disruptions have caused certain financial information preparation delays. Cannabis One said its management, auditors and bookkeepers are currently working to finalize the statements and the company expects to complete both the annual financials and the quarterly financials, along with the corresponding management's discussion and analysis and certificates, on or about July 17, 2020. Until the Financial Statements are filed the British Columbia Securities Commission has decided to issue a Cease Trade Order which is expected to be lifted once Cannabis One files the Financial Statements.
Essex Minerals Inc. (CVE:ESX) said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement, announced on June 1, 2020, and June 2, 2020, which see the issue of 5.24 million shares at a purchase price of 25 cents each with 29 placees. The group said finders' fees are payable of $33,000 and 132,000 broker's warrants, exercisable at 25 cents per share for a period of two years, payable to Primary Capital Inc.; and $30,000 and 120,000 broker's warrants, exercisable at 25 cents for a period of two years, payable to Dundee Goodman Merchant Partners.
ElectraMeccanica Vehicles Corp. (NASDAQ:SOLO) has announced that at the company’s annual and special general meeting (AGM) held on July 9, 2020, shareholders voted to re-elect Paul Rivera, Bal Bhullar, Henry Reisner, Jerry Kroll, Steven Sanders, Luisa Ingargiola, Joanne Yan and Peter Savagian as directors of the company for the ensuing year. In addition, at the AGM the shareholders also approved the re-appointment of KPMG as the company’s auditor for the ensuing year and authorized the directors to fix the auditor’s remuneration, together with the approval of the company’s 2020 Stock Incentive Plan.
OTC Markets Group Inc. (OTCQX:OTCM), operator of financial markets for over 10,000 U.S. and global securities, has announced that Mako Mining Corp. (CVE:MKO) (OTCQX:MAKOF), a gold mining, development and exploration firm, has qualified to trade on the OTCQX Best Market and has upgraded from the OTCQB Venture Market. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors.
Bioasis Technologies Inc (CVE:BTI.V) (OTCQB:BIOAF), a pre-clinical, research-stage biopharmaceutical company, and Chiesi Global Rare Diseases, a business unit of Chiesi Group, an international research-focused healthcare Group, has announced that the two companies will host a webcast presentation and conference call at 1.30pm EDT on Thursday, July 16, 2020, to discuss the previously announced Rare Diseases Strategic Alliance Bioasis and Chiesi Global Rare Diseases announced on June 29, 2020, that they entered into a worldwide, exclusive licensing agreement for the xB3 BBB platform technology in treatment of rare diseases with a focus on four undisclosed lysosomal storage disorders. The webcast can be accessed over the internet using the following link: http://services.choruscall.ca/links/bioasis20200716.html. A replay of the webcast (using the same link provided) will be available for one month following the conclusion of the event. If dialing in by phone, dial 1-800-319-4610 (within Canada / USA) or +1-604-638-5340 (International Toll). A teleconference replay will be available for two weeks following the conclusion of the event and can be accessed by dialing 1-800-319-6413 (within Canada / USA) or +1-604-638-9010 (International Toll) and using the replay access code: 4669.
Byrna Technologies Inc (CSE:BYRN) (OTCMKTS:BYRN) is planning to open a second manufacturing plant in Indiana as demand spikes for its self-defense weapon. The Massachusetts-based company formerly known as Security Devices International, has been deluged with orders for its popular Byrna HD, a handgun-like device that dispenses chemical irritants. "The biggest challenge we are currently facing is keeping up with rapidly growing demand. To ensure that we can satisfy the market, the company is accelerating its plans to open a second manufacturing facility in Fort Wayne, Indiana,” Byrna Technologies CEO Bryan Ganz told Proactive. “We expect to have this facility on-line by late summer. We want to thank our loyal customers for their patience and continued support," he added.