NA Proactive news snapshot: Arcadia Biosciences, Renaissance Gold, Namaste Technologies, Mota Ventures, Minera Alamos …

Arcadia Biosciences Inc (NASDAQ:RKDA) said it has entered into a binding term sheet to acquire the commercial and genetic assets of Oregon-based industrial hemp breeding and seed company Industrial Seed Innovations (ISI). The firm, which focuses on enhancing the quality and nutritional value of crops and food ingredients, said ISI’s Rogue, Deschutes and Umpqua seed varieties will become part of Arcadia’s portfolio, alongside the company’s GoodHemp line of genetically superior hemp seeds, transplants, flowers and extracts. Arcadia said the acquisition will “significantly broaden and accelerate” the commercialization of its hemp-related breeding platform, as well as establish a breeding research and development facility in the Pacific Northwest, a key hemp production area.

Renaissance Gold Inc (CVE:REN) has announced a merger with mineral explorer Evrim Resources Corp (CVE:EVM) in a transformational deal that will create a new royalty and prospect generator. The merger of equals sees Evrim acquiring Renaissance shares to form a new company with the name Orogen Royalties Inc, which will focus on mineral project generation with organic royalty creation and acquisition. Orogen’s project portfolio will include the Ermitaño West gold deposit in Sonora, Mexico, which is being developed by mining major First Majestic Silver, and the Silicon gold project in Nevada that is optioned to AngloGold Ashanti NA.

Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTTF) has said the strategy shift it made in 2019 is starting to pay off as the cannabis-focused online platform posted its highest quarterly revenue figure for two years. Net revenue for the three months to February 29, 2020, came in at C$5.3 million, which was 16% up on the same period in 2019, the company said. The group’s core growth engine, e-commerce subsidiary CannMart, saw its revenue lifted by an impressive 798% to C$1.3 million, excluding excise tax, compared to the same period last year.

Mota Ventures Corp (CSE:MOTA) (OTCPINK:PEMTF) (FSE:1WZ1) has revealed Wednesday that its e-commerce-focused subsidiary, Nature’s Exclusive posted a record jump in revenue in May to C$5,141,000, up 110% compared to the same month a year earlier. Mota said Nature’s Exclusive, which provides CBD products to consumers in the United States and Europe, had expenses of C$4,992,000, netting a gross profit of C$149,000 for last month. Mota credits the success to its online customer acquisition strategy and sustained “investment in customer acquisition” resulting in 23,141 new customers during the month of May. The company also said consumers continue to seek “natural health solutions” which bodes well for its high-quality Nature’s Exclusive brand.

Minera Alamos Inc (CVE:MAI) (OTCMKTS:MAIFF) has unveiled more positive drill results from its phase 2 program at the Santana gold project in Mexico along with plans for a third phase totaling up to 7,500 metres (m) over the second half of this year. The second phase program, completed over the last year, was “extremely successful” in demonstrating that the initial Nicho Main Zone breccia pipe has significant potential for expansion, the firm said.

Internet of Things Inc (CVE:ITT) (OTC:INOTF) subsidiary Weather Telematics has signed a seven-figure multi-year licensing agreement with data-provision services firm Synoptic Data PBC. Weather Telematics will supply Synoptic with raw vehicle meteorological data from its mobile platforms, including road temperature, air temperature, relative humidity, dew point, pressure, precipitation intensity, ambient light, and ozone concentration. The company is launching proprietary sensors which will be placed on fleets across the US, and the road and weather temperature data will be integrated into weather research models, the company said.

XPhyto Therapeutics Corp (CSE:XPHY) (FSE:4XT) (OTCPINK:XPHYF) has revealed that its diagnostic partner, 3a-Diagnostics GmbH and its contract research collaborators have received a grant from the German Federal Ministry of Education and Research (BMBF) which will be used for infectious disease screening tests. The €254,200 (US$289,325) grant is part of the KMU-innovativ program for small and medium-sized enterprises that are pioneering innovation and technological progress in Germany. XPhyto said the funds will be put towards the development and commercialization of enzyme activated biosensors for use in real-time, low-cost and easy-to-use oral screening tests for the rapid detection of influenza A virus and specific variants that are high-risk pandemic threats such as H1N1 and H5N1.

Newgioco Group Inc (NASDAQ:NWGI) has completed the formation of its wholly-owned subsidiary, Elys Gameboard Technologies LLC, which will be the online gambling company’s vehicle to expand its sports betting operations into the US. The company said it is in the process of seeking its first sports betting license in Washington, DC and anticipates launching its new US sports betting platform with its first US operator client, Handle 19 Inc, in the Capitol Hill area by the third quarter of 2020.

Newgioco said it is currently coding its leading-edge Elys betting platform for US certification and will provide investors with timely updates as this key development progresses.

Loop Insights Inc (CVE:MTRX) (OTCMKTS:VRZPF) announced that it has launched an automated contact tracing platform to support the coronavirus (COVID-19) government mandate that requires business owners to collect and store customer contact information for a 30-day period. The Vancouver-based technology company was recently inducted into the Amazon Web Services Partner Network, a move that’s bound to inspire confidence among prospective clients as the Silicon Valley giant is a leader in Protected Personal Information (PPI) data storage. Loop said its solution ensures “100% accurate data collection” via its proprietary Internet of Things device Fobi, and offers artificial intelligence and predictive modeling.

Empower Clinics Inc (CSE:CBDT) (OTCQB:EPWCF) announced Wednesday that it has initiated phases one and two of coronavirus (COVID-19) testing at its clinic in Portland, Oregon.  As reported in April, the life sciences group has established a four-phase antibody testing program using its RAPID COVID-19 test kits. Additionally, Empower said it is collecting signatures at the Portland clinic in support of a proposed state ballot initiative that would create a licensed and supervised-psilocybin-assisted therapy system. The measure, IP34, requires 145,000 signatures to appear on the ballot in November. So far it has gathered 142,480, according to yesonIP34.org. 

Power Ore Inc (CVE:PORE) announced Wednesday that its investee company Baselode Energy Corp (CVE:FIND) has completed its qualifying transaction to list on the TSV Venture Exchange. Toronto-based Power Ore invested in Baselode, or Rider as it was then known, in May 2020 and now owns 62% of the company. Baselode acquired the Mann silver-cobalt mine from Power Ore in an all-share deal worth around C$1.25 million. It also closed a C$700,000 financing to complete the transaction to list its shares.

NexTech AR Solutions Corp (CSE:NTAR) (OTCQB:NEXCF) announced Wednesday that it has signed a partner agreement and contract to provide its InfernoAR Virtual Events platform services to Skybridge World Dubai clients. Skybridge is a leading events, exhibition and marketing solutions provider to global corporations whose clients include Emirates Glass, IBM, Lilly, Henkel, Amgen, and many others. NexTech said it and Skybridge have already solidified their partnership and signed up their first customer, Bohringer Ingelheim. The company’s InfernoAR platform is capable of hosting large-scale events of up to 1 million people with virtual lobbies, live presentations and custom holographic product displays.

Blockchain Holdings Ltd (CSE:BCX) said it is planning to change its corporate name to TraceSafe Inc as it continues to focus on data and analytics and growing its wearable safety technology business, known as ‘Safety Tech’, which it is currently implementing for enterprise and large-scale venues. The company also said that it will change its ticker symbol on the Canadian Securities Exchange to ‘TSF’, the date of which will be announced in the near future. In a statement, the company’s president and chief executive Wayne Lloyd said: “So far, the feedback on the TraceSafe’s Safety Tech lineup has been stronger than anticipated with governments implementing the Tracesafe technology as part of official programs and pilot programs.

The Flowr Corporation (CVE:FLWR) said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement, announced on April 21, 2020, of a convertible debenture with a $21,579,000 principal amount, convertible into common shares at 58 cents per share until maturity four years from issuance, with an interest rate of 10% per annum, together with 37,202,196 share purchase warrants with an exercise price of 76 cents for a 36-month period, with 63 placees.

Naturally Splendid Enterprises Ltd (CVE:NSP) said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement, announced on April 20, 2020, which will see the issue of 42,857,159 shares at a purchase price of 3.5 cents each, together with 42,857,159 share purchase warrants with an exercise price of 5.5 cents for a two-year period, with 51 placees.

Nemaura Medical, Inc. (NASDAQ:NMRD), a medical technology company focused on developing micro-systems-based wearable diagnostic devices and currently commercializing sugarBEAT, its non-invasive and flexible continuous glucose monitor, together with BEATdiabetes, a planned health subscription service designed to help people with Type 2 diabetes and prediabetes through personalized lifestyle coaching, has announced that its CEO, Dr Faz Chowdhury, will present at the Credit Suisse 2020 Virtual Diabetes Sessions on Friday, June 12, 2020, at 10.15am ET. The Virtual Diabetes Sessions include discussions with industry experts and private and public companies developing technologies and therapeutics for diabetes. The online event will take place on June 12 and 15, in conjunction with this year’s American Diabetes Association virtual meeting.

OTC Markets Group Inc. (OTCQX:OTCM), operator of financial markets for 10,000 US and global securities, announced that Aurcana Corp. (CVE:AUN) (OTCQX:AUNFF), a Vancouver based mining company, has qualified to trade on the OTCQX Best Market, and has upgraded today from the Pink market. It noted that upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. Kevin Drover, Aurcana’s President & CEO commented: “We are pleased to be again trading on the OTCQX. This represents a significant step forward for Aurcana as we continue to advance the Revenue-Virginius mine, located in Colorado, towards a production decision.”

NOVONIX Limited (ASX:NVX) (FRA:GC3), an integrated developer and supplier of high-performance materials, equipment and services for the global lithium-ion battery industry with operations in the USA and Canada and sales in 14 countries, has said it is seeking quotation to trade on the OTCQX Best Market in North America following increasing levels of inbound enquiry from investors in North America and Europe during the month of June. OTC Markets Group Inc. (OTCMKTS:OTCM) operates both the OTCQX Best Market and the Pink Open Market for US and global securities. NOVONIX’s shares are currently trading on an unsolicited basis on the Pink Open Market. NOVONIX said it does not intend to issue further securities as part of any plan to seek a quotation on OTCQX. The company, which is majority-owner of the PUREgraphite battery anode material joint venture, headquartered in Chattanooga, Tennessee, USA, said it will provide further updates on any efforts to facilitate North American trading in its shares as the matter progresses.

CB2 Insights (CSE:CBII) (OTCQB: CBIIF) has said, having previously invoked the Ontario Blanket Order extending deadlines to file financial statements and MD&A’s, it now expects to file its audited financial statements and the related MD&A for the year ended December 31, 2019 on or before June 15, 2020, and its financial statements and the related MD&A for the interim period ended March 31, 2020, on June 30, 2020. In addition, the company said it will host a conference call on Tuesday, June 16, 2020, at 9.00am EST to discuss the 2019 annual results, and it also expects to provide guidance on its first-quarter 2020 interim results during the call. CB2 Insights said there have been no material business developments since April 20, 2020, the date of its last news release.

Story by ProactiveInvestors