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NA Proactive news snapshot: Lexaria Bioscience, CanaFarma Hemp Products, Nemaura Medical …

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Lexaria Bioscience Corp (OTCMKTS:LXRP) (CSE:LXX) told investors it has filed a new patent in the US concerning the use of its DehydraTECH technology to deliver antiviral drugs, which could help in the global fight against coronavirus (COVID-19). “Lexaria’s proprietary drug delivery platform has already proven its effectiveness in the oral delivery of other lipophilic drugs such as nicotine, cannabinoids, and more, with multi-fold increases in both the rate and extent of bioabsorption,” noted John Docherty, the president of the biotech company in a statement.

CanaFarma Hemp Products Corp (CSE:CNFA) is launching a new hemp oil infused cream for joint and muscle support. The product will be launched under the New York-based company’s YOOFORIC brand, which also markets hemp oil-infused chewing gum. YOOFORIC’s cream will help combat inflammation, chronic joint pain and muscle soreness using premium ingredients delivered in a gel-like format.

Nemaura Medical Inc (NASDAQ:NMRD), which is commercializing its sugarBEAT non-invasive and flexible continuous glucose monitor, has secured a 24-month, $5 million non-convertible loan. The loan does not include warrants or other equity securities, the company said in a statement Tuesday. “This loan strengthens our financial position without diluting shareholders, and provides additional resources to accelerate our commercial strategy for sugarBEAT in Europe, as well as support our planned launch of proBEAT in the USA,” said CEO Dr Faz Chowdhury. “We appreciate the favorable terms and strong support from our lender, Chicago Venture Partners.”

Internet of Things Inc (CVE:ITT) (OTCMKTS:INOTF) said it has closed a previously announced non-brokered private placing, raising gross proceeds of C$1.25 million. The Internet of Things (IoT) and artificial intelligence (AI)-focused tech group said the proceeds will be used for business development and sales (C$250,000), corporate pivot and product development of new artificial intelligence verticals (C$225,000) and general working capital. The group issued 125 million units at C$0.01 each, with each unit comprising one common share and one share purchase warrant.

Media Central Corporation Inc (CSE:FLYY) said Tuesday that it was beta-launching ECentralSports.com, a dynamic digital news and culture destination for e-gaming and esports fans. Simply by leveraging the Toronto-based company’s flagship publications NOW Magazine and Georgia Straight, ECentralSports will enter the market with access to 6.5 million readers and the support of award-winning editors and writers.

Codebase Ventures Inc (CSE:CODE) (OTCQB:BKLLF) has issued a second update to investors this week regarding its pending acquisition of a company that owns the rights to a provisional patent for a hydroxychloroquine patch – a transdermal delivery method that could curb the side effects associated with using the drug to treat the coronavirus (COVID-19). Hydroxychloroquine has been approved by the US Food and Drug Administration as a treatment for malaria, lupus and rheumatoid arthritis. It has been highlighted by some — including President Trump — as a possible coronavirus treatment. However, in its oral tablet form, side effects can include headache, dizziness, diarrhea, vomiting, blurred vision, and arrhythmia. However, delivering the drug through the skin regulates its dosage, improving patient compliance and outcomes, the company said. Less of the active ingredient needs to be administered and, because it bypasses the gastrointestinal tract, side effects are mitigated.

eWellness Healthcare Corporation (OTCQB:EWLL) announced Tuesday that its PHIZIO digital physical therapy platform is on pace to treat more than 300,000 patients in the US and Canada in 2020.  Usage of the company’s telehealth platform has surged as many physical therapists (PTs) are currently unable to meet with patients in person due to the coronavirus (COVID-19) pandemic. Telemedicine options like eWellness’ PHIZIO program allow them to provide assessment and treatment in real-time using a smartphone or laptop. Through an interactive video chat, physicians are able to prescribe and monitor patients’ home exercises — all while working from home themselves.

Great Panther Mining Limited (TSX:GPR) (NYSEAMERICAN:GPL) has named Rob Henderson as its new CEO while making other changes to its board and senior management team. Henderson, who started his new role on Tuesday, was most recently, he was president and CEO of Amerigo Resources LTD (CVE:ARG), a copper producer with assets in Chile. In addition to the new CEO appointment, the company said its board has appointed David Garofalo as incoming chairman, effective immediately. Great Panther said Jeffery Mason has stepped down as CEO and resigned from the board – which he also chaired since 2019 - but will continue to provide consulting services to the company to ensure a smooth transition of the executive duties to Henderson.

Group Eleven Resources Corp (CVE:ZNG) (OTCMKTS:GRLVF) has revealed that drilling will kick off at its PG West and Stonepark projects in Ireland in May and August, respectively, this year subject to any coronavirus restrictions, and added that the company’s aim was to become more nimble and focused. The firm’s huge land position in the country – around 3,000 square kilometers - will be significantly reduced in coming months, it revealed, to focus on these two projects in the Limerick basin.

Conscience Capital Inc (CVE:DGTL.P) has completed its listing on the TSX Venture Exchange as the content marketing company gears up to expand its business. The Toronto-based company said it has also finalized its previously announced transaction with Hashoff LLC, which owns a unique program allowing brands to collect a host of information about top-ranked social media content creators in real-time. Conscience Capital said it will continue to trade under the ticker symbol ‘DGTL’ but plans to change its name in the forthcoming weeks. “Completing the TSX Venture listing is a key milestone for the company, as Hashoff embarks on becoming a leading provider of content marketing for brands and agencies,” Michael Racic, Conscience Capital’s CEO said in a statement.

CB2 Insights Inc (CSE:CBII) (OTCQB:CBIIF) announced on Tuesday that it has completed the purchase of Colorado-based medical cannabis clinic group Rae of Sunshine Health Services (ROSH) LLC. On April 4, CB2 said it would acquire 100% of ROSH and its subsidiaries in a cash and stock deal, and take over operations for the multi-location clinic group. As per the agreement, CB2 will issue 882,978 shares to complete the purchase and the shares will be subject to a four-month hold. ROSH, operating under the name Relaxed Clarity, has four physician-staffed clinics in Colorado specializing in medical cannabis therapy.

Eastern Zinc Corp (CSE:EZNC) (OTCMKTS:ETZCF) is set to raise C$2 million gross via a private placing, which will be used to advance its exploration projects in Canada and for working capital. In a statement, the resource group said it would issue up to 40 million units at C$0.05 a throw. Shares in the firm closed Monday in Toronto at C$0.075 – up 25%. Each unit under the placing consists of one common share and one transferable share purchase warrant.

Allot Ltd. (NASDAQ:ALLT) (TASE:ALLT), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, announced that it will host a conference call to dISCuss its first quarter 2020 earnings results, on Tuesday, May 12, 2020 at 8.30am ET (1.30pm UK, 3.30pm Israel). The unaudited financial results of the quarter will be published prior to the commencement of the conference call.‎ To access the conference call, investors can dial one of the following numbers: US: 1-888-668-9141, UK: 0-800-917-5108, Israel: +972-3-918-0609. A live webcast of the conference call can be accessed on the Allot website at http://investors.allot.com/. The webcast will also be archived on the website following the conference call.

Information Services Corporation (CVE:ISV) has said it will release its financial results for the first quarter ended March 31, 2020 on Tuesday, May 5, after the market close. It added that an investor conference call will be held on Wednesday, May 6, at 11.00am EST to discuss the results. Participants may join the call by dialing toll-free (844) 419-1765 or (216) 562-0470 for calls outside North America.  Due to the COVID-19 pandemic, teleconference providers globally are experiencing spikes in conference call volumes.   As a result, it is recommended that participants try to dial-in to the call 15-20 minutes before the start time to avoid long hold times or missing the start of the call. ISC encourages those who are joining the call on a listen-only basis to join the live audio webcast of the conference call which will be available on the company’s website.

Arctic Star Exploration Corp (CVE:ADD) said it has postponed filing its annual financial statements and management’s discussion and analysis for the year ended December 31, 2019, due to logistics and delays caused by the coronavirus (COVID-19) pandemic. The company noted that it is relying on the exemptive relief recently granted by Canadian securities regulatory authorities that allows it to delay the filing of its annual documents, required by April 30, 2020 for an additional 45 days. It estimates that its 2019 annual documents will be available for filing at its earliest opportunity, which is expected to occur on or before July 13, 2020. Arctic Star said there have been no material business developments since the date of its last interim financial statements, filed on November 28, 2019, except as disclosed by the company in subsequent news releases.

RNC Minerals (TSX:RNX) said its senior management will host a conference call/webcast on May 7 at 10.00am Eastern Time to discuss the corporation’s first quarter 2020 results. RNC plans to issue a news release containing first quarter 2020 results before markets open on the same day. To access the webcast, North American callers should dial: 1-888-231-8191; Local and international callers please dial: 647-427-7450. The webcast link is: https://produceredition.webcasts.com/starthere.jsp?ei=1307688&tp_key=c1d29cf000. A recording of the conference call will be available for replay through the webcast link, or for a one-week period beginning at approximately 1.00pm Eastern Time on May 7, through the following dial-in numbers – North American callers: 1-855-859-2056, pass code 2859616; local and international callers: 416-849-0833, pass code 2859616.

Mineworx Technologies Ltd., (CVE:MWX) (OTCQB:MWXRF) has said it will be hosting a 30-minute live webinar to provide its shareholders with an update on recent events taking place with the company on Thursday, April 23, 2020 at 1.00pm PDT/4.00pm EDT. It added that the webinar will allow participants to write in questions during the live presentation, which will be addressed at the end. The password to join the webinar is 089131 and the meeting ID will be 831 6431 2161 on this link.

Story by ProactiveInvestors



Source: https://www.proactiveinvestors.com/companies/news/917764/na-proactive-news-snapshot-lexaria-bioscience-canafarma-hemp-products-nemaura-medical--917764.html
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