NA Proactive news snapshot: ElectraMeccanica, Humanigen, Phunware, Mandalay Resources UPDATE …

ElectraMeccanica Vehicles Corporation (NASDAQ:SOLO) is making it easier for consumers to purchase its flagship SOLO electric car thanks to a new partnership with national lender FreedomRoad Financial. The Vancouver-based company told investors on Tuesday morning that the agreement will allow ElectraMeccanica to continue to grow and expand sales and service to customers nationwide. Based in Illinois, FreedomRoad Financial is a national lending institution that provides retail vehicle loans to automobile manufacturers. The agreement with ElectraMeccanica will give consumers access to vehicle financing for SOLO.

Humanigen Inc (OTCMKTS:HGEN) told investors Tuesday that a recent study published in the medical journal Blood Advances supports its strategy in the development of a treatment for severe graft-versus-host disease (GvHD).  The study found that GM-CSF, a protein involved in the creation of white blood cells, is necessary to initiate a cascade that drives lethal GvHD. If GM-CSF isn’t able to give off signals, however, the study showed a significant reduction in the disease. That’s where Humanigen’s drug lenzilumab, an anti-GM-CSF immunotherapy, comes in.

Phunware Inc (NASDAQ:PHUN) has integrated its blockchain-enabled data exchange with a set of supported programmatic advertising platforms.  The integration allows brands and marketers to design and target custom audiences and deliver them to the supported advertising platforms. Brands get access to predefined demographic and interest segments not typically found on demand-side platforms, the company said. The first such advertising platform is Beeswax, which the company said will allow brands to issue targeted media using Phunware’s data and receive transparent reporting about the results.

Mandalay Resources Corp (TSE:MND) revealed it had now struck a binding option agreement with Equus Mining over its Chilean asset: the Cerro Bayo mine.  As reported in late June this year, the metals miner may have found a buyer for the mine as it announced an option with Equus for the property, which was the scene of a flood back in 2017, after which output was suspended. Equus now has an option to explore at the 29,495 hectare Cerro Bayo mine district in Region XI, Southern Chile. The option will extend for 36 months from the start date.

AIM ImmunoTech Inc. (NYSEAMERICAN:AIM), the immune-pharma firm formerly known as Hemispherx Biopharma, has revealed that over the past few months it has raised approximately $10 million from the public markets to support its lead drug cancer treatment candidate Ampligen. AIM ImmunoTech said it believes its recent capital raises should provide sufficient capital to support the company’s ongoing business activities as it awaits results in multiple immuno-oncology clinical trials, all part of the company’s active Ampligen program.

American Battery Metals Corporation (OTCMKTS:ABML) on Tuesday released updated information about its Railroad Valley, Nevada geophysical survey, noting the reservoir size vastly surpasses original estimates. In a statement, the company said the survey’s primary objective was to determine the depth and locations of saline fluid-filled aquifers that may host rich lithium brines.

Helix TCS Inc (OTCMKTS:HLIX) has finalized its strategic partnership with Dama Financial to facilitate secure and compliant financial transactions on Helix’s BiotrackTHC platform, the market leader in commercial seed-to-sale software for the legal cannabis industry. In a statement on Tuesday, Helix TCS said it will integrate Dama’s payment processing software, PayMyWay, to offer an additional payment method and access to a banking solution to BiotrackTHC licensees.  The integration will allow merchants to accept electronic payments using the PayMyWay mobile app at point-of-sale and have access to a compliant online bank account where sales revenue can be securely deposited.

Chemistree Technology Inc (CSE:CHM) (OTCMKTS:CHMJF) told investors Tuesday it had cancelled its earlier announced planned investment into The Physician’s Choice CBD (PCCBD) of Phoenix, Arizona. “I am disappointed to report that after many months of meetings, discussions and attempts to manage an increasingly frustrating process, Chemistree has decided that the proposed $1 million investment into what we believed was a compelling and unique company, cannot be made,” said Karl Kottmeier, Chemistree president in a brief statement.

Proactive Research has published a note on Ceylon Graphite (CVE:CEY) in which analyst Christopher Ecclestone points out that the aims to be the “silent achiever” in the graphite space.

Bragg Gaming Group (CVE:BRAG) (OTCMKTS:BRGGF) has revealed that it anticipates reporting record revenue growth in the third quarter of 2019. In a brief statement, trailing the numbers which the firm will be discuss during its third quarter 2019 conference call on November 12, Brag chief executive officer Dominic Mansour said: “I am thrilled with our performance in the third quarter and the progress we’ve made since our inception late last year.”

NexTech AR Solutions Corp (CSE:NTAR) (OTMKTS:NEXCF) announced Tuesday that it has built ad creatives that have passed Google’s 3D validation tool and is now working with the Internet giant to launch a series of 3D ads for its clients.  In a statement, NexTech said it is directing its proprietary 3D asset creation technology, previously used for WebAR clients, to create content for Google’s new 3D ad platform — positioning both companies to be at the forefront of the emerging 3D-AR market.

BevCanna Enterprises Inc (CSE:BEV) (OTCMKTS:BVNNF), the cannabinoid-infused beverage specialist, has an array of goals for the second half of the year, including moving towards the launch of a water-soluble powder beverage line in California, it told investors.  In a corporate update, the group said it was also continuing discussions with multiple Canadian licensed producers for white-label manufacturing of cannabis-infused drinks for the Canada market.

Nerds On Site Inc (CSE:NERD) (OTCMKTS:MOSUF) has decided to increase its focus on cybersecurity in order to better protect its existing and future clients.  The mobile IT solutions company announced the heightened emphasis in a statement Tuesday, citing statistics about the impact of cyber-crime on small and medium-sized enterprises.

Lexaria Bioscience Corp (CSE:LXX) (OTCMKTS:LXRP) provided investors with an update about its ongoing licensing agreement with Altria Ventures Inc, which is working to develop reduced-risk oral nicotine consumer products.  In a statement Tuesday, the company reported that the bulk of phase one, the first step in developing a commercially viable nicotine product using Lexaria’s DehydraTECH technology, is either “complete or significantly underway,” and results have so far been positive.

Tinka Resources Ltd (CVE:TK) (OTCPK:TKRFF) described as “exceptional’ recent zinc grades found during drilling of three holes at its flagship Ayawilca project in Peru.  One returned some of the best zinc intersections ever drilled at the South Ayawilca part of the property, both within and immediately outside of the zinc resource boundary, the Vancouver-based firm said.

Canntab Therapeutics Limited (CSE:PILL) (OTCMKTS:CTABF) announced Tuesday that it is teaming up with World Class Extractions (CSE:PUMP) to process cannabis derivatives from its Markham, Ontario facility. The two companies are establishing a joint venture that will see World Class Extractions (WCE) install its cannabis extraction and processing systems for Canntab to manufacture medical cannabis in pill form. Toronto-based Canntab will start production once it receives its license from Health Canada, which is expected shortly.

True Leaf Brands Inc (CSE:MJ) (OTCMKTS:TRLFF), the cannabis for pets group, announced Tuesday a waiver to its funding agreement with New York fund manager The Lind Partners, announced earlier this year. In February this year, the British Columbia-based firm unveiled the $4.5 million agreement, which was in the form of convertible security with a maturity date of 24 months and a fixed conversion price per share of $0.40. Today’s announced amendments mean there is now a six-month repayment deferral to March 22, 2020. True Leaf must also issue an additional convertible security with a face value of $540,000 to investor Lind. This is called the deferral convertible security. And it must issue 2.16 million warrants of True Leaf to The Lind Partners.

Gevo, Inc. (NASDAQ:GEVO), a leading renewable fuels and chemicals manufacturer, has responded to the recent plans put forward by President Trump’s administration to boost US biofuel consumption to help US farmers with a Renewable Fuel Standard (RFS). In a statement on Tuesday, stated Patrick Gruber, Gevo’s chief executive officer said: “Friday’s announcement by the EPA (Environmental Protection Agency) is a step in the right direction and will hopefully put the RFS back on track after 31 oil refineries received exemptions back in August.”

eWellness Healthcare Corporation (OTCMKTS:EWLL) announced Tuesday that it has developed a new PHZIO MSK Plus platform as a new silo of business that focuses on the $4 billion North American musculoskeletal-treatment market.  In a statement, the company said its new platform is being rolled out this month and has been developed to support it becoming the leader in the new industry of digital telehealth within the musculoskeletal-treatment (MSK) market.

Newgioco Group, Inc. (OTCMKTS:NWGI) has signed a multi-year agreement with Handle 19, Inc. to provide it with the global gaming technology company’s ELYS platform for regulated sports betting operations in Washington, DC. In a statement, Shane August, general manager of Handle 19, Inc said: “After an exhaustive competitive analysis of several betting platform providers, we are very pleased to have selected Newgioco to partner with for our planned sports betting operations.”  Newgioco CEO Michele Ciavarella commented: “We are honored to have secured the opportunity to work with Shane and his team at Handle 19 for their licensed sports betting operations.

MGX Minerals Inc (CSE:XMG) (OTCMKTS:MGXMF) told shareholders on Monday evening that Jared Lazerson continues to serve as CEO of the exploration company following an errant release sent by two board members indicating he had been removed from the position.  According to the Vancouver-based company, at a board meeting on October 7, two directors attempted to move a resolution to remove Lazerson as CEO. The motion was ruled out of order due to “procedural irregularities,” the company said in its clarification.

Progressive Planet Solutions Inc (CVE:PLAN) has revealed that, further to its news release of October 4, 2019 announcing the option of a second zeolite property in British Columbia, a finder’s fee of 50,000 shares of the company will be issued to Jacques Levesque of Ashcroft, BC, subject to exchange approval.

MjLink.com Inc. a wholly owned subsidiary of Social Life Network, Inc. (OTCMKTS:WDLF), announced that Matthew Nordgren with Arcadian, Eddie Lucarelli with Canopy River, Robert Hunt with Linnaea Holdings, and Brian Kabot with Stable Road Capital will be speaking on a panel that is moderated by Scott Greiper of Viridian Capital Advisors, discussing Investor Due Diligence and Underwriting Best Practices, at their MjMicro Conference in Beverly Hills on October 16 at the Sofitel Hotel.

Story by ProactiveInvestors