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NA Proactive news snapshot: NexTech AR, Pacific Empire Minerals, Chemesis International, Loop Insights UPDATE …

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NexTech AR Solutions Corp (CSE:NTAR) (OTCQB:NEXCF) announced Thursday that its InfernoAR virtual events program was chosen as the platform to host a global insurance company’s worldwide leadership summit in June. InfernoAR allows companies to host virtual conferences, trade shows, product tours, webcasts and webinars and can be integrated with standard collaboration tools like Zoom and Microsoft Teams. New York- and Toronto-based NexTech acquired InfernoAR as part of a March 2020 deal for Jolokia, a remote video training and live stream company that generated $1 million in Software as a Service (SaaS) revenue for 2019.

Pacific Empire Minerals Corp (CVE: PEMC) (OTCQB: PEMSF), a hybrid prospect generator, has closed a non-brokered private placement that raised $275,000. The company issued 5.5 million units at a price of $0.05 each. Each units consists of one common share and one purchase warrant which entitles the holder to acquire one common share for $0.10 per until 5 pm PT on the date that is 36 months from the closing. Proceeds will be used for general working capital purposes and for exploration on the Worldstock property.

Chemesis International Inc (CSE:CSI) (OTCQB:CADMF) closed the second tranche of its previously announced $1.3 million financing on Thursday. The second tranche consisted of 1,272,500 units priced at $0.50 per unit raising just over $636,000. Each unit consisted of one share and one warrant exercisable at $1 for a 24-month period following the closing date of the financing. Proceeds from the offering will go towards general working capital and potential future acquisition opportunities.

Loop Insights Inc (CVE:MTRX) (OTCMKTS: VRZPF) has released a company update detailing how it would navigate a post-coronavirus (COVID-19) future as governments finally loosen stay-home orders to allow more business activities. The Vancouver-based technology company sees great opportunities for itself as governments and municipalities lift restrictions to allow brick-and-mortar retailers to slowly reopen. “Many of Loop’s previous projects that were put on hold due to the COVID-19 lockdown are now being fast-tracked, with implementations being scheduled for mid-June,” the company said in a statement on Thursday.

Naturally Splendid Enterprises Ltd (CVE:NSP) (OTCMKTS:NSPDF) said Thursday that its preparation for a Phase 2 clinical trial of Cavaltinib to treat coronavirus (COVID-19) patients is advancing. The company said Health Canada has performed an initial review of data for a Clinical Trial Application (CTA) and has advised that the Biologic Division within the agency’s Regulatory Affairs Biologic and Radiopharmaceutical Drugs Directorate is the appropriate channel to continue processing the CTA. “This significant designation creates a clear path for the CTA to proceed,” Naturally Splendid said in a statement. 

Tarus Therapeutics Inc, a biotechnology company developing adenosine receptor antagonists for cancer immunotherapy and other indications, added a pair of industry experts to its board of directors. One new face is David Epstein, who served as CEO of Novartis Pharmaceuticals, a division of Novartis AG (NYSE:NVS) from 2010 to mid-2016. The other new addition is David Nicholson, who has spent more than 40 years in pharmaceutical research and development, including leadership stints at Allergan, Bayer CropScience, Schering-Plough, Organon and Merck.

Blockchain Holdings Ltd (CSE:BCX) announced Thursday that two more countries have begun advanced pilot programs for its TRACEsafe self-monitoring technology. The British Virgin Islands-based company said that Kuwait will use TRACEsafe in its “DeliverSafe” program for safety and contact tracing across its food delivery workforce, and an additional Southeast Asian country, unnamed for confidentiality reasons, will use TRACEsafe’s hardware and software packages to manage self-quarantine. TRACEsafe’s self-monitoring technology provides real-time location services for healthcare and pandemic outbreak control. The program is already deployed in Hong Kong to help the region manage its coronavirus (COVID-19) containment program.

Media Central Corporation Inc (CSE:FLYY) has announced the launch of AdCentralDirect, an in-house mobile and cross-channel demand-side platform agency that connects digital advertising inventory through one interface. In a statement on Thursday, the Toronto-based media giant said AdCentralDirect will immediately provide brands advertising inventory on the digital platforms of Media Central’s flagship titles NOW Magazine in Toronto and Georgia Straight in Vancouver, as well as the company’s cannabis-specialty platform and, its digital e-sports and e-gaming title. As AdCentralDirect evolves, it will unite additional independent alternative publications under its umbrella creating “an attractive solution” for advertisers wanting to connect to influential consumers, said the company.

Renaissance Gold Inc (CVE:REN) (OTCQB:RNSGF) has successfully optioned out its Silicon project in Nevada to mining major AngloGold Ashanti (NYSE:AU). The latter has told the firm it will make the final payment of US$2.4 million to complete the option by June 21 this year. It means AngloGold will have bought 100% of the project by paying RenGold a total of US$3 million within three years. RenGold will retain a 1% net smelter royalty (NSR) within a defined area of interest (AOI) covering around 15,000 acres.

Internet of Things Inc (CVE:ITT) (OTCMKTS:INOTF) revealed that its subsidiary Weather Telematics Inc (WTX) is in talks with multiple fleet management groups over deploying its latest sensor system in vehicles to enhance safety and reduce costs. The ‘Alert Fleet’ system is based on advanced artificial intelligence (AI), deep machine learning and data science, the tech firm said in a statement on Thursday. Once deployed in a vehicle, the product would run on a software-as-a-service (SAAS) business model, providing Weather Telematics with monthly recurring revenue proportionate to the number of vehicles within a customer’s fleet.

Mirasol Resources Ltd (CVE:MRZ) (OTCMKTS:MRZLF), the project generator, said Thursday it has now closed the previously announced option on its Virginia Silver project in Argentina, where drilling is expected to kick off in late Q3 or early Q4 this year. The company has inked the definitive agreement with Golden Opportunity Resources Corp (CSE:GOOP), which has now completed an oversubscribed C$2.2 million financing, providing it with the financial firepower to advance the site, Mirasol told investors in a statement. The pair are now establishing an exploration committee to finalize exploration and drilling plans.

Codebase Ventures Inc (CSE:CODE) (OTCQB:BKLLF) said Thursday its subsidiary World High Life Plc’s Love Hemp brand has boosted capacity for its wholesale business, LH Botanicals. LH Botanicals offers a range of CBD products for wholesale, bulk and white label in customizable bottle sizes, concentrations and flowers. Founders Tony Calamita and Thomas Rowland, who also founded Love Hemp, have invested in advanced in-house technology that can test for the widest range of cannabinoids as standard, the group said in a statement. As a result, the UK-based brand expanded its product offering to include bath bombs and added an additional capsule machine capable of producing 100,000 capsules per day.

Aurania Resources Ltd (CVE:ARU) (OTCQB:AUIAF) told shareholders on Thursday that the Tsenken North area of its Lost Cities-Cutucu project in Ecuador shows a promising group of targets. Soil sampling completed at Tsenken North reveals at least three distinct copper targets, a number that Aurania says is likely to increase as it resumes fieldwork in Ecuador. CEO Keith Barron said it is “not surprising” to see the 10 square kilometres Tsenken North airborne magnetic target evolving into a cluster of porphyry-type centres.

Exro Technologies Inc (CSE:XRO)(OTCQB:EXROF) said Thursday that it has appointed Eric Hustedt, an innovator in automotive and power electronics, as the company’s new chief of engineering. In a statement, the Vancouver-based cleantech company that has developed a new class of control technology for electric powertrains, noted that as the boss of the company’s engineering department in Calgary, Alberta, Hustedt will be instrumental in advancing the rapid commercialization of Exro’s technology. In the new role, Hustedt will consolidate the responsibilities of the VP of Engineering held by Torsten Broeer who is retiring, and chief technology officer Ari Berger who will close out his role with Exro in June.

Quantum Computing Inc (OTCQB:QUBT) has appointed noted information technology expert and industry thought leader Majed Saadi to serve on the company’s technical advisory board. In a statement Thursday, the company said Saadi brings more than 20 years of executive leadership and experience in strategy development and IT transformation, as well as functional knowledge in the domains of cloud computing, platform development, enterprise architecture, and enterprise systems management. He currently serves in a divisional senior management position at a global aerospace and defense company, focused on the deployment of major networks and systems for government and commercial customers.

Phunware Inc (NASDAQ:PHUN) has unveiled a new client for its Multiscreen-as-a-Service (MaaS) digital front door: Fort Wayne, Indiana hospital chain Parkview Health. Founded in 1878, Parkview is the region’s largest employer with more than 13,000 employees across 10 hospitals in Northeast Indiana and Northwest Ohio. WIth Phunware’s digital front door, patients, staff and visitors can seamlessly engage with healthcare functions and navigate more than 1.7 million square feet spanning seven floors, including more than 400 customized points of interest.

FSD Pharma Inc (NASDAQ:HUGE) (CSE:HUGE.CN) (FRA:0K9A) said it has sold 5 million Pharmadrug Inc (CSE:BUZZ) shares in a privately negotiated transaction at C$0.08 per share realising cash proceeds of C$400,000. Under the terms of the sale, the buyer also has an option before June 26 to purchase an additional 5 million shares at a price of C$0.10 each from FSD for C$500,000. The company said it may consider the divestiture of the balance of its equity stake in Pharmadrug through open market transactions, having initially held 13.5 million Pharmadrug shares in April 2019.

Energy Fuels Inc (NYSEAMERICAN:UUUU) (TSX:EFR) said it has entered into consulting agreements with two rare earth element (REE) industry experts, Constantine Karayannopoulos and Brock O’Kelley, to aid in the development and implementation of commercial and technical REE strategies for the new US REE program the company is pursuing. Karayannopoulos currently serves as chairman of Neo Performance Materials (TSX:NEO), one of the world’s leading producers of rare earth engineered and magnetic materials, while O’Kelley previously played a key role in the operation of the Mountain Pass, California rare earth processing facility during the 1990s and 2000s.

Progressive Planet Solutions Inc (CVE:PLAN) said it has appointed Scott Jenkins as an independent member of its board of directors and a member of its audit committee with immediate effect. Jenkins currently serves as president and chief executive of ZS2 Technologies and was previously the president of DIRTT Environmental Solutions, a TSX listed company that saw its annual revenues grow from $20 million to $297 million during his time there.

Mota Ventures Corp (CSE:MOTA) (OTCPINK:PEMTF) updated investors Wednesday on the company’s recent audit of its Nature’s Exclusive brand of CBD products and its recent acquisition of the German psychedelic medicine company Verrian Ontario Ltd. In a conference call after the bell, Mota announced that Nature’s Exclusive, which serves consumers in the US and Europe, saw revenue of C$29 million and net income of C$3.5 million in 2019, while associated expenses were C$25.5 million. This year, the company has already brought in revenue of more than C$13.9 million for the months of January through April, almost triple the amount it made over the same period last year. Related expenses were C$13.5 million.

Maxim Group has upgraded its rating on Co-Diagnostics Inc (NASDAQ:CODX) to ‘Buy’ from ‘Hold’ as demand grows for the firm’s coronavirus (COVD-19) diagnostic test. In addition, analysts at Maxim raised their revenue forecast for the group and set $30 price target, saying Co-Diagnostic’s Logix Smart COVID-19 test kits have been “transformative for the company.” The Salt Lake, Utah-based company closed its first quarter on March 31, 2020, with $1.5 million in revenue thanks to surging global demand for the test kits. Gross margins hit 71.5% on sales of the test. However, it saw a net loss of $1.1. million.

Thunderbird Entertainment Group Inc. (TSXV:TBRD) (OTC:THBRF), a global award-winning, full-service multiplatform production, distribution and rights management company, has announced that it will post its third-quarter 2020 financial results after the market close on May 29, 2020, and that it will hold a conference call and webcast to share the numbers at 11am PST / 2pm EST on Monday, June 1, 2020. During the conference call, Thunderbird’s chief executive officer Jennifer Twiner McCarron, together with chairman of the board, Brian Paes-Braga, will provide a corporate update and strategic overview, chief financial officer Barb Harwood will present the financial statements, and a short question and answer period will take place after the prepared remarks. Canadian Dial-In Numbers for the call are: (+1) 416-764-8688 (Toronto), (+1) 778-383-7413(Vancouver); North American Toll-Free Number: (+1) 888-390-0546. The call will be recorded for webcasting purposes and will be available at two hours after the initial scheduled time. Alternatively, shareholders may access a replay of the conference call by calling (+1) 416-764-8677 or toll-free at (+1) 888-390-0541 (passcode 178213 #) two hours after the initial scheduled time.

EnWave Corporation (CVE:ENW) (FSE:E4U), a global leader in vacuum-microwave dehydration technology, has announced that it will report its financial results for the second quarter of fiscal year 2020 on Thursday, May 28, 2020, after the market close.

Fireweed Zinc Ltd.  (CVE:FWZ) has provided details for participation in its virtual Annual General Meeting (AGM) scheduled for May 28, 2020, at 10.00am. Due to the coronavirus (COVID-19) restrictions on public gatherings and in the best interest of the health of all participants in the company’s AGM, the company is holding the meeting on a virtual platform and shareholders who wish to participate should contact it by May 26, 2020, at [email protected] to be included in the teleconference for the meeting. The company said it will arrange for teleconference participation for all shareholders who have requested it by May 26, 2020. However, the Company strongly recommends that shareholders vote by Proxy or VIF in advance to ease the voting tabulation at the meeting by Computershare Investor Services Inc. who will serve as scrutineer at the meeting.

Zynerba Pharmaceuticals, Inc. (NASDAQ:ZYNE), the leader in innovative pharmaceutically-produced transdermal cannabinoid therapies for rare and near-rare neuropsychiatric disorders, has announced that due to public health guidance related to the coronavirus (COVID-19) pandemic and for the safety of participants its Annual Meeting has been changed to a virtual format only. As previously announced, the meeting will be held on June 10, 2020, at 8.00am Eastern Time for shareholders of record as of the close of business on April 14, 2020. However, participants will not be able to attend the Annual Meeting in person and in order to participate via a live audio webcast, you must register at by 11.59pm. Eastern Time on June 7, 2020.  A Virtual Control Number will be assigned to shareholders in a confirmation email following registration.

Dundee Corporation (TSX:DC.A) has announced that through its wholly-owned subsidiary, Dundee Resources Limited it has sold 180,000 common shares of Cabral Gold Inc. (CVE:CBR) at an average price of $0.1321 per share for aggregate consideration of $23,775. Immediately prior to the disposal, Dundee owned or controlled 6,000,000 Cabral shares and warrants to purchase up to 366,000 shares representing an approximate 9.73% interest on an undiluted basis and 10.26% on a partially diluted basis. Dundee now owns 5,820,000 Cabral shares and warrants to purchase up to 366,000 shares, representing an approximate 9.44% interest on an undiluted basis and 9.97% on a partially diluted basis. Dundee said it disposed of the shares for investment purposes only

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