NA Proactive news snapshot: Aftermath Silver, Gevo Inc, Heritage Cannabis, Humanigen, Newgioco, UPDATE ...

Aftermath Silver Ltd announced that all motions put forth at its annual meeting of shareholders were approved, including the reappointment of Davidson & Co LLP as independent auditor. Voters also approved the company’s 10% rolling stock option plan and elected Michael Williams, Ralph Rushton, David Terry and Keenan Hohol to its board of directors. Aftermath also announced an investor relations agreement with Tectonic Advisory Partners, which will provide capital markets consulting and services for 12 months in exchange for US$5,500 per month and the issuance of 500,000 incentive stock options at a price of US$0.335 for five years. The company also granted an additional 5.35 million incentive stock options to directors, officers, employees and consultants for the same price and period.

Gevo Inc (NASDAQ:GEVO) said CEO Dr. Patrick R. Gruber will present on Sustainable Aviation Fuel (SAF) in the alphaDIRECT Advisors Viual Conference Series on December 12 this year at 9am EST as part of the alphaDIRECT Investor Intelligence Program. It will be followed by a question and answer session. The presentation will be webcast live and available for replay. Colorado-based Gevo is commercializing the next generation of gasoline, jet fuel and diesel fuel with the potential to achieve zero carbon emissions. “We’ve been making progress in developing our customers and markets for SAF. In this call we’ll discuss what we’ve been up to, and why,” said Gruber.

Heritage Cannabis Holdings Corp (CSE:CANN) (OTCMKTS:HERTF) told investors it is teaming up with Brock University in Ontario to further its research of cannabis tissue culture and advance understanding of the medical benefits of cannabis. This new work is due to significant investment through the Federal Government’s FedDev Community Economic Development and Diversification fund, Heritage revealed. Research will begin immediately on improving the health of medicinal-use cannabis plants through disease diagnostics and testing.

Humanigen Inc (OTCMKTS:HGEN) received an award from the American Society of Hematology (ASH) after presenting an abstract at the organization’s annual meeting last week. The company won a 2019 ASH Abstract Achievement Award for one of its two presentations, which showed results from a study of its drug candidate lenzilumab. The drug, a monoclonal antibody, works to improve CAR-T, a new approach to cancer therapy involving altered T cells.

Newgioco Group Inc (OTCMKTS:NWGI), a global sports betting and gaming company, said its wholly-owned subsidiary Virtual Generation Limited, has struck an agreement with Italy’s HBG Gaming Group to distribute its virtual games in Central America. Investors hailed the news, sending Newgioco Group stock up 10.6% higher to $0.52. “We believe that the relationship with HBG will be an excellent addition to our current virtual sports retail distribution and expect that the deal may possibly result in significant growth in our customer base across many borders in South America,” said CEO Michele Ciavarella. Virtual Generation’s portfolio of products includes horse racing, league play football, keno and American roulette, among other games and sports.

EXMceuticals Inc (CSE:EXM), a cannabis producer, is now actively pushing forward with an initial cannabis importation from Africa, as well as the fit-out and licensing of the sizable industrial facility that has been leased to the south of Lisbon. Once licensed and constructed, this facility will require a substantial amount of raw and processed cannabis material to be available for refining.

Australis Capital Inc (CSE:AUSA) (OTCMKTS:AUSAF) announced Wednesday it is merging with Folium Biosciences to create a vertically integrated producer of CBD. Under the merger plan signed on December 10, Folium will become a wholly owned subsidiary of Australis — which will be rebranded as Folium Biosciences and will carry on the current business of Folium. “AUSA made a strategic investment in Folium almost a year ago after spending six months getting to know (Folium CEO Kashif Shan), his exceptional team, and their unparalleled proprietary ecosystem all supported by significant due diligence on the non-psychoactive cannabinoid space in the US and abroad,” said Australis CEO Scott Dowty in a statement.

oNexTech AR Solutions Corp (OTCMKTS:NEXCF) (CSE:NTAR) announced Wednesday a major break-through for the company and the augmented reality (AR) industry as the firm revealed it was set to launch a stand-alone app in early next year.  It means millions of smartphone users around the world will be able to create photo-realistic 3-D models, the firm said in a statement. The app will ‘dramatically simplify’ the creation process by capturing 3-D AR products with a cell phone’s camera.

Esports Entertainment Group Inc (OTCMKTS:GMBL) announced Wednesday that it has closed on a $1 million private placement. Under the financing plan, the Malta-based online gambling company that focuses on sports wagering and 18-plus gaming, entered into securities purchase agreements with four accredited investors. “This is another major milestone for our company,” CEO Grant Johnson said in a statement. “This financing will allow us to complete initiatives that have been announced over the past several months, as we look towards building our business and our brand in order to return shareholder value.”

Gold Resource Corporation‘s (NYSEAMERICAN:GORO)  Mexico operations have been boosted as it expanded mineralization at its Mirador mine with this year’s drilling. Fifteen holes were sunk in the Alta Gracia project (which hosts the mine) drill program.

CleanSpark Inc (OTCMKTS:CLSK), an advanced energy software and control technology company, said Wednesday that the company’s board and the Financial Industry Regulatory Authority (FINRA) approved a 1-for-10 reverse stock split of the company’s stock. In a statement, the Bountiful, Utah-based company said the reverse stock split is expected to be effective prior to the stock market opening on December 11. With the successful implementation of the reverse stock split, the company believes it will meet the final requirements for listing CleanSpark’s stock on the technology-laden Nasdaq.

EnWave Corporation (CVE:ENW) posted the highest quarterly revenue in the dehydration firm’s history, the company reported on Wednesday. Its 120% revenue boost for the fourth quarter 2019 was largely thanks to a large distribution increase to super retailer Costco for its Most Valuable Member coupon program, as well as a higher number of its proprietary REV machines sold, the Vancouver-based company said. Also on Wednesday, the firm reported that it signed another royalty-bearing agreement with Helius Therapeutics Ltd, New Zealand’s largest licensed medical cannabis company.

Capstone Turbine Corporation (NASDAQ:CPST), the maker of clean-energy microturbines, announced Wednesday it has signed a nine-year service contract covering the company’s single largest combined heat and power installation. In a statement, the company said that E-Finity Distributed Generation, its exclusive distributor for the Mid-Atlantic, southeastern US and the Caribbean, secured the long-term Factory Protection Plan (FPP) service contract covering five megawatts (MW) of microturbines. Capstone has stressed that its aftermarket business is a big revenue driver and key component to help meet its long-term profitability goals. Jen Derstine, vice president of marketing and distribution, said 54% of eligible customers are covered under an FPP contract.

James Crouse, chief revenue officer of Capstone Turbine Corporation (NASDAQ:CPST), supports the view that “strong tailwinds” are being created which support the renewable energy sectors, thanks to companies paying attention to environmental, social and governance principals. In a review with alphaDIRECT Advisors conducted by its founding partner Shawn Severson, Crouse argued that the combination of a new corporate focus on ESG principals as well as environmental regulations will boost Capstone’s business.

CB2 Insights Inc (CSE:CBII) (OTCMKTS:CBIIF), a data-driven medical cannabis company, is launching a warrant incentive program designed to encourage the exercise of its outstanding warrants. The company is offering an inducement to warrant holders who exercise their warrants by Christmas. If every warrant is exercised, the company said, CB2 expects to receive nearly $1.1 million in gross proceeds. The warrants, ranging in value between $0.50 and $0.80 per share, represent roughly 11.8 million shares.

Nordic Gold Inc (CVE:NOR) said Wednesday that shareholders had approved the previously announced plan to change its name to Otso Gold Corp. The approval was given at a special meeting held on December 9 this year and the venture exchange has said shares will begin trading under the new trading symbol ‘OTSO’ shortly.  The firm said it will update the market when the TSX-V confirms the first day of trading under “OTSO”, the company said in a brief statement. “The change of name of the company from Nordic Gold Inc. to Otso Gold Corp. is an apt marker of the new direction of the company and signifies the achievement of another milestone,” said CEO and director Brian Wesson.

OTC Markets Group Inc (OTCMKTS:OTCM) said American Business Bank (OTCQX:AMBZ), a California-chartered bank focused on the banking needs of small and medium sized firms, has qualified to trade on the OTCQX Best Market. “We are pleased to welcome American Business Bank as the seventh community bank to upgrade from the Pink Market to our OTCQX Best Market in 2019,” said Jason Paltrowitz, EVP of corporate services at OTC Markets Group. “With over $2 billion in assets, American Business Bank joins over 95 banks on OTCQX that provide new and existing shareholders with a public market for efficient trading and price transparency.”

Story by ProactiveInvestors