NA Proactive news snapshot: Arcadia Biosciences, BioLargo, Nextleaf Solutions, PreveCeutical Medical, Blackrock Gold …

Arcadia Biosciences Inc (NASDAQ:RKDA) has been granted a patent for its reduced-gluten grains by the US Patent and Trademark office. The patent is the 17th in Arcadia’s GoodWheat portfolio of non-GM, nutritionally-enhanced wheat, which also includes high-fiber resistant starch and extended shelf life varieties. The reduced gluten wheat contains 75% less allergenic gluten than traditional wheat, while also providing increased levels of essential amino acids and improved protein quality.

BioLargo Inc (OTCMKTS:BLGO) subsidiary Clyra Medical Technologies has received 510(k) clearance from the US Food and Drug Administration to market its Clyra Wound Irrigation Solution, the environmental engineering company said Monday.  The product is designed for cleansing, irrigating, and debriding dermal wounds and burns, in addition to moistening and lubricating absorbent wound dressings. BioLargo said the wound solution is the first of several products that will feature the company’s platform antimicrobial technology, which provides sustained antimicrobial efficacy (including biofilm) without causing harm to the tissue.

Nextleaf Solutions Ltd (CSE:OILS) (OTCMKTS:OILFF) revealed Monday that it has inked a pact to acquire intellectual property pertaining to water-soluble cannabinoid formulations. Nextleaf has patented cannabis extraction technology, which is both scalable and repeatable. The new technology boosts the creation and formulation of premium-infused products consistently at mass-market scale.

PreveCeutical Medical Inc (CSE:PREV) (OTCMKTS:PRVCF) has completed efficacy screening of its small interfering RNA (siRNA) gene silencing therapy as a treatment for type 2 diabetes and obesity.  The treatment works by targeting a specific gene of interest responsible for the overproduction of a protein molecule that has been identified as responsible for causing diabetes and obesity.

Blackrock Gold Corp (CVE:BRC) revealed Monday that exploration work on its Silver Cloud project in Nevada has uncovered eight new gold veins on the property. The Vancouver-based exploration company also said that results from its soil survey expanded the soil anomaly along the northeastern portion of the property. Blackrock told shareholders that several outcropping veins were mapped along the Humdinger Ridge and Honey Hill that have geologic similarities to the nearby Hollister mine, owned by Hecla Mining Company.

True Leaf Brands Inc (CSE:MJ) (OTCMKTS:TRLFF) is boosting its board with a former luxury retailer executive vice president to help in the cannabis company’s global expansion. The Vernon, BC-based company welcomed Mike Mardy, who previously served as an executive at luggage and travel accessories retailer Tumi Holdings Inc and helped navigate the company’s merger with global brand Samsonite. Mardy previously held executive roles at Keystone Foods LLC and Nabisco Inc and currently serves on the board of fashion brands Vince Holdings and Lulus.com.

Codebase Ventures Inc (CSE:CODE) (OTCMKTS:BKLLF) subsidiary Code Cannabis Investments offered shareholders an update on the company’s investment in World High Life Plc (NEX:LIFE). In a statement, Codebase said World High Life plans to spend at least £9 million to acquire Love Hemp Ltd, the top CBD and hemp product supplier in the UK. The deal will arm Love Hemp with the resources to expand its European operations and help World High Life further entrench its position as a leading medical cannabis and CBD company.

Codebase Ventures also announced late on Friday that it had completed the second and final tranche of its non-brokered private placement, which raised proceeds of $49,980.00 through the sale of 1,428,000 units which will be subject to a statutory hold period until January 20, 2020. In the first tranche, the company noted, it raised proceeds of $1,495,865.01 through the sale of 42,739,001 units, and in total the placement raised proceeds of $1,545,845.01. Each unit consists of one common share in the company and one common share purchase warrant entitling the holder to purchase one additional common share at a price of $0.05 per share for a period of two years from the closing of the financing. The proceeds of the financing will be used for general working capital and to fund future investments, the group added. Codebase pointed that that it paid finders fees to qualified finders of $3,998.40 and issued 114,240 broker warrants, which are on the same terms as the warrants forming part of the units.

LiteLink Technologies Inc (CSE:LLT) (OTCMKTS:LLNKF) announced Monday that its wholly-owned subsidiary uBUCK Technologies SEZC will launch a non-brokered private placement to raise aggregate gross proceeds of up to US$4 million.  The company will offer up to 8 million preferred shares at a price of US$0.50 per share, according to a statement.

1933 Industries Inc (CSE:TGIF) (OTCMKTS:TGIFF) announced Monday that it has commenced sales to specialty retailer Zumiez, featuring the cannabis company’s action sports topical CBD recovery cream Canna Hemp X. Zumiez is a leading specialty retailer of apparel, footwear, accessories and hardgoods for young men and women who want to express their individuality through fashion, music, art and culture of action sports, streetwear, and other unique lifestyles, according to a statement.

HighGold Mining Inc (CVE:HIGH) began its public life on Monday as its shares made their debut on the TSX Venture Exchange. The spinout from Constantine Metal Resources Ltd (CVE:CEM) (OTCMKTS:CNSNF) is progressing with a 2,000-metre drill program at the Johnson Tract deposit in Alaska. The explorer is aiming to have a maiden NI 43-101 compliant mineral resource on the project in the first quarter of 2020.

Ximen Mining Corp. (CVE:XIM) (OTCQB:XXMMF) announced late Friday that it has closed the third tranche of its draw-down equity financing facility with Alumina Partners (Ontario) Ltd., an affiliate of New York-based private equity firm Alumina Partners, LLC on September 18, 2019. In a statement, the company said it drew down $150,000 in the third tranche with Alumina receiving 487,804 units of Ximen consisting of a common share priced at $0.3075 per share and an 18 month warrant exercisable at $.5125 per share, with a hold expiry date for the placement of January 19, 2020. Ximen said the investment agreement will provide it with up to C$8.0 million over a 24-month period to finance its exploration and on-going acquisition of gold assets in British Columbia.

Maverix Metals Inc. (NYSEAMERICAN:MMX) (CVE:MMX) announced Monday that it has completed the previously announced amendment and increase to its revolving credit facility, allowing the company to borrow up to US$120 million. The company said it intends to use the increased facility for future royalty and stream acquisitions and general corporate purposes. Maverix said it would like to thank Canadian Imperial Bank of Commerce and National Bank of Canada for their continued support and confidence in the company’s business model as well as welcome The Bank of Nova Scotia as a new member to the syndicate.

Permex Petroleum Corporation (CSE:OIL) said Monday that it will conduct a non-brokered private placement of secured convertible debentures to raise up to $500,000. The group said the debentures will mature on the second anniversary of the date of issuance and bear interest at a rate of 12% per annum, payable on the maturity date. It added that the debentures will be convertible at the holder’s option into units of the company at a conversion price of CDN$0.15 per unit, which will be comprised of one common share and one common share purchase warrant which will be exercisable to purchase a common share at a price of $0.20 for a period of three years from the date of issuance. The company said the proceeds of the offering will be used towards servicing of the company’s accounts payable and for general working capital purposes. It noted that certain directors and officers of the company intend to participate in the private placement.

Nordic Gold Inc. (CVE:NOR) announced late Friday that its board of directors have approved the granting of 2,400,000 options under the company’s rolling stock option plan, with each option having a 5 year term and an exercise price of $0.05. The group said the options in question were granted to directors, senior offers, key employees and certain consultants.

Heritage Cannabis Holdings (CNSX:CANN.CN) (OTCMKTS:HERTF) announced late on Friday that it has granted a total of 2,000,000 incentive stock options to directors/officers/employees and/or consultants under the company’s Stock Option Plan. The group said the options are exercisable at $0.36 per share and will expire September 20, 2024. Following this grant of options, the company added, it has 11,991,000 stock options outstanding.

Capstone Turbine Corporation (NASDAQ:CPST), the world’s leading clean technology manufacturer of microturbine energy systems, has said it will be participating in the alphaDIRECT Virtual Conference Series on Tuesday, September 24, 2019, at 12:00 PM EDT. In a statement, the company said Jim Crouse, Capstone’s executive vice president of marketing and sales, will present an overview of the microgrid opportunity and drivers followed by a short question and answer session.

MMJ Group Holdings Limited (ASX:MMJ) (OTCMKTS:MMJJF), the investment group which has a 26% holding in Harvest One Cannabis Inc (OTCMKTS:HRVOF) (CVE:HVT) said it has provided details of the investee company’s presentations at the KCSA Cannabis Investor Conference on 12 September 2019  on its website. It said the presentation covers Harvest One’s eight global operations – in Canada, the United States, Europe, Israel, and the Asia Pacific – and the progress in rolling out its business plan. Harvest One represents the largest investment within the MMJ cannabis and hemp portfolio. MMJ said it is “confident that the experienced HVT management team will execute on its future business plan and that this should lead to an increase in the value of MMJ’s shareholding in Harvest One.” https://media.abnnewswire.net/media/en/docs/ASX-MMJ-6A945956.pdf

Metaverse Capital Corp (CVE:FORK) announced late on Friday that Steven Nerayoff had resigned from its board of directors with immediate effective. In a statement, the early-stage blockchain developer company said it wishes “Mr Nerayoff well in his future endeavours”.

Story by ProactiveInvestors