NA Proactive news snapshot: BioLargo, EnWave, Thunderbird Entertainment, TruTrace Technologies, Ximen Mining UPDATE …

BioLargo Inc (OTCMKTS:BLGO) announced Tuesday that Sunworks Farm wants a commercial trial of its Advanced Oxidation System (AOS) to manage and treat water and wastewater on the property, the first-ever commercial trial for the technology. In a statement, the firm said its subsidiary BioLargo Water has been asked by the owners of the Alberta-based farm to submit a proposal to install the system. Sunworks raises certified organic chicken, turkey, beef, pork and eggs. The company said the Sunworks project will mark a pivotal moment in the commercialization of BioLargo’s proprietary technology.

EnWave Corporation (CVE:ENW) (OTCMKTS:NWVCF) has signed a royalty agreement to license its dehydration technology to Spanish potato chip maker Patatas Fritas Torres SL. Patatas Fritas Torres purchased a 10 kiloWatt commercial Radiant Energy Vacuum (REV) machine to begin production of a line of cheese snacks, EnWave announced in a statement Tuesday.

Exactus Inc (OTCMKTS:EXDI) announced Tuesday that it is on track to exceed its initial estimates to produce 20,000 pounds of top flower from its hemp farms, with production now more likely to top 30,000 pounds of smokable flower. The Florida-based CBD healthcare company revealed that it has made significant progress on the two 100-acre industrial hemp farms it owns in Southwest Oregon. 

Thunderbird Entertainment Group Inc (CVE:BRD) announced Tuesday that its Atomic Cartoons division made a key executive hire to help guide the amination studio’s projects in production. The Vancouver-based entertainment company appointed former Nickelodeon Amination creative director David Gerhard to lead Atomic’s Ottawa team as studio creative director. Gerhard, who is relocating from Los Angeles to the Canadian capitol, will oversee teams working on projects for NBCUniversal.

TruTrace Technologies Inc (CSE:TTT) (OTCMKTS:TTTSF), the medical cannabis verification company, clocked revenue for the first time in the fiscal first quarter after a milestone deal with Shopper Drug Mart, to see a pilot program use TruTrace’s StrainSecure technology. For the three months ended July 31, the Vancouver-based firm posted revenue of $48,000, compared to nothing in the same quarter a year ago. Revenue was primarily driven by service fees associated with the use of TruTrace technology, said the company. In a statement accompanying the Canadian technology company’s latest numbers, TruTrace Technologies CEO Robert Galarza said: “The launch of the Shoppers Drug Mart Pilot Program for medical cannabis verification was a very significant milestone for us in the first quarter.”

Ximen Mining Corp. (CVE:XIM) (OTCMKTS:XXMMF) said Tuesday it has initiated talks with Golden Dawn Minerals Inc about toll milling material from its Kenville Gold Mine project in Nelson, British Columbia (BC). The Kenville Gold mine project is nearing start-up of its new decline development and is anticipated to generate gold feed material in the coming year, Ximen added, hence it has started talking to Golden Dawn about utilizing its mill facility at Greenwood, BC.

Social Life Network Inc (OTCMKTS:WDLF) subsidiary MjLink.com Inc announced Tuesday that Hemp Depot will be the spotlight sponsor at its upcoming conference in Beverly Hills.  The MjMicro Conference, which will be held on October 16 at the Sofitel Hotel, is an invitational forum that unites publicly traded and emerging growth private cannabis companies led by seasoned executives together with high-net worth investors and financial analysts.

Globex Mining Enterprises Inc (TSE:GMX) (OTCMKTS:GLBXF) announced Tuesday that it has optioned one of its portfolio projects to silver mining company Excellon Resources (TSE:EXN) (OTCMKTS:EXLLF). The Quebec-based mining company agreed to a deal with Excellon on the Bräunsdorf property, now known as the Silver City project, in Germany. Excellon will pay Globex C$500,000 in cash and C$1.6 million worth of stock over a three-year period, with the first payment of C$100,000 due upon signing and an additional C$100,000 due on the first anniversary of the signing date.

NexTech AR Solutions (OTCMKTS:NEXCF) (CSE:NTAR) has launched the world’s first self-service 3D augmented reality publishing platform for businesses — no programming experience required. The platform, found at ARitize.com, allows companies and brands to create digital twins of just about anything using smartphones, scanners or 3D modeling software.

Allot Ltd (NASDAQ:ALLT) has been selected by Sun Yat-sen University (SYSU) in Guangzhou, China to improve the traffic visibility and stability of its online network.  SYSU will use the Allot Service Gateway 9500 platform, a key part of the company’s Allot Smart package. With Allot Smart in tow, SYSU will be able to put policies in place to manage traffic up to 100 gigabytes per second with profiles for various data-intensive apps that can wear on network stability.

Next Green Wave Holdings Inc (CSE:NGW) (OTCMKTS:NXGWF) said Tuesday that it has completed the installation and activation of its research and innovation laboratory under license from biotech leader Intrexon Corp (NASDAQ:XON).

Enertopia Corporation (CSE:TOP) (OTCMKTS:ENRT) announced positive new lithium extraction test results from the company’s Clayton Valley project in Nevada. The Kelowna-based company informed investors on Tuesday that pre-stripping results show high levels of lithium being put into a solution while maintaining very low impurity levels. The technology company is aiming to determine if it is viable to pre-strip the impurities from the claystone zones at Clayton Valley prior to making synthetic brine.

RNC Minerals (TSE:RNX) (OTCMKTS:RNKLF) announced Tuesday that it has recovered more high-grade gold from the same area where the company made a bonanza discovery in 2018. The Toronto-based miner retrieved around 1,750 ounces of coarse gold just 160 metres south and 25 metres below the Father’s Day vein discovery last year, which saw the company pull out two nuggets containing 4,000 ounces of gold as part of a discovery totaling 9,250 ounces. Beta Hunt, in Western Australia, is the company’s flagship gold asset.

RNC Minerals also announced late Monday that it has made three management appointments naming Graeme Sloan as managing director, Australian Operations; Johnna Muinonen as president, Dumont Nickel; and Alger St-Jean as executive vice president, exploration and resource development, Dumont Nickel.  In a statement, RNC said these changes will strengthen the company and better align its people to maximize the value of each of the assets within the company’s portfolio.

Chemistree Technology Inc (CSE:CHM) (OTCMKTS:CHMJF) said Tuesday that its Sugarleaf brand in Washington State has booked strong sales and is looking at expanding to keep up with rocketing demand for its products. In a statement, the Vancouver-based cannabis-investment company said that Sugarleaf saw a 30% sales increase from April, a 36% rise in crop yield, and a 100% boost in retail client stores.

ImmunoPrecise Antibodies Ltd (CVE:IPA) (OTCMKTS:IPATF) subsidiary Talem Therapeutics has entered into a joint venture with a clinical-stage biopharma company to develop therapies that use the body’s immune system to fight cancer, the company announced Tuesday. Talem, which is developing antibody therapeutics to target T cell-mediated anti-tumor activity, is teaming with AgonOx, which specializes in identifying and developing immuno-oncology therapeutics.

MGX Minerals Inc (CSE:XMG) (OTCMKTS:MGXMF) and Eureka Resources LLC (CVE:EUK) announced Tuesday the shipment of the world’s first commercial rapid lithium recovery system, which will be used on wastewater in Pennsylvania. The newly formed joint venture between both companies will initially focus on fast-tracking deployment of the lithium recovery system at Eureka’s state-of-the-art Standing Stone advanced wastewater-treatment facility near Towanda, Pennsylvania, according to a statement. The containerized system left engineering partner PurLucid Treatment Solutions’ Alberta facility last week and is expected to arrive at Standing Stone anytime, the companies said.

Bragg Gaming Group (CVE:BRAG) (OTC:BRGGF) subsidiary ORYX Gaming has reached a deal with French online betting and casino game company Betclic Group. The Bordeaux-based company, which has achieved one of the largest market shares in France, will offer ORYX’s full portfolio through the ORYX Hub platform.

PyroGenesis Canada Inc. (CVE:PYR) (OTCMKTS:PYRNF), a high-tech company that designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch products, has unveiled plans to increase the number of directors and elect a new board. In a statement, the Montreal-based firm said it has called a Special Meeting of Shareholders, scheduled for November 21, to vote on its plan to raise the total number of its board members to seven, of whom five will be independent.

Ximen Mining Corp (CVE:XIM) said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement, announced on September 20, 2019, under which 487,804 shares will be issued at a purchase price pf 30.75 cents per share, plus 487,804 share purchase warrants at an exercise price of 51.25 cents for an 18-month period, to one placee.

Nabis Holdings Inc.(CSE:NAB) (OTCMKTS:NABIF), a leading Canadian investment company with specialty investments in assets across multiple divisions of the cannabis sector, has announced that its CEO, Shay Shnet, and president, Mark Krytiuk will present at the Canaccord Genuity US Cannabis Symposium to be held at the Sheraton Centre Toronto Hotel in Toronto on Thursday, October 3, 2019 at 8:30am ET.

Zachs Small-Cap Research has initiated coverage on FSD Pharma (CSE:HUGE) (OTCMKTS:FSDDF) with a comparable analysis valuation price target of $0.23 with the expectation that the stock will attain a second quartile P/B (price/book) ratio of 4.1. FSD Pharma shares were trading at C$0.095 in early Toronto trade on Tuesday, and at $0.0769 on the OTC in New York. Zachs’ analysts concluded that FSD Pharma is well positioned to benefit from the legalization of cannabis in Canada, Germany, the rest of the Eurozone and the United States.

Story by ProactiveInvestors