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NA Proactive news snapshot: Esports Entertainment Group, Phunware, Lord Global, Next Green Wave, FansUnite Entertainment, BevCanna UPDATE …

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Esports Entertainment Group Inc (NASDAQ:GMBL) has announced that ggCircuit LLC, a company which it is set to acquire, is expected to complete the buildout of the Century Center Esports Arena in South Bend, Indiana by mid-December 2020. On October 26, 2020, Esports Entertainment announced an agreement to acquire ggCircuit and Helix eSports LLC in a deal valued at approximately $43 million.

Phunware Inc (NASDAQ:PHUN) is teaming up with Phynd Technologies Inc to unveil its digital front door technology on mobile devices for major healthcare organizations in the US. Powered by Phunware’s multiscreen-as-a-service cloud platform, the digital front door mobile solution allows healthcare providers to optimize patient services and record management with a patient portal, appointment scheduling and bill payment technology. Phynd 360 is a cloud-based data and search platform that consolidates provider data silos into a single hub. Phynd Technologies works with over 350 hospitals and 35 health systems in the US.

Lord Global Corporation (OTCMKTS:LRDG) subsidiary 27Health Inc announced Thursday it has struck a multi-year deal to launch its Covi-Guard oral sanitizer. The deal will see Florida-based NutraLife BioSciences Inc (OTCMKTS:NLBS) manufacture Covi-Guard, a mouthwash and spray that could help lower the viral and bacterial load in the oral cavity. According to 27Health, Covi-Guard contains a number of active ingredients that, both individually and in combination, destroy the lipid envelope of multiple viruses, including coronavirus. 

Next Green Wave Holdings Inc (CSE:NGW) (OTCQX:NXGWF) reported increasing month-over-month revenues and its eight consecutive month of positive cash flow on Thursday. The cannabis company saw more than US$1.7 million in revenue during the month of October, an increase from the around US$1.1 million it reported in September, and adjusted EBIDTA (earnings before interest, tax and depreciation) of US$1 million.

FansUnite Entertainment Inc (CSE:FANS) (OTCMKTS:FUNFF) (FRA:4UY) Thursday said its wholly-owned subsidiary McBookie Ltd ended October with the highest increase in monthly revenue and gross margin in the company’s 10-year history. McBookie, the company’s UK Sportsbook, ended October 2020 with a 433% increase in revenue and 713% increase in gross margin compared to October 2019. The company stated that much of the growth can be attributed to the introduction of McBookie’s live casino games and increased activity in sports betting, which resulted in $7.3 million in total betting volume being placed during the month.

BevCanna Enterprises Inc (CSE:BEV) (OTCQB:BVNNF) (FRA:7BC) on Thursday announced the development of a new all-natural “Beyond Energy” ready-to-mix line of hemp-based CBD beverage enhancers. The Vancouver-based infused cannabis drinks giant said the new products will be sold on BevCanna’s recently acquired Pure Therapy e-commerce platform, which has over 23,000 active customers. BevCanna said the new beverage enhancer product portfolio is symbolic of the “significant progress” the firm has made in its plans to expand a proprietary range of hemp-CBD and nutraceutical products in the global health and wellness market.

Great Panther Mining Limited (TSE:GPR) (NYSEAMERICAN:GPL) has reported record financial results for the third quarter of 2020 from its three wholly-owned mines - Tucano in Brazil, and Topia and the Guanajuato Mine Complex in Mexico. The company’s net income for the quarter hit a record US$18.6 million, or $0.05 per share, as revenue rose 8% year over year to US$77.0 million. The company also generated record adjusted EBITDA of US$34.9 million and record cash flow from operating activities of US$19.7 million, or $0.06 per share. In the results statement, Great Panther president and CEO Rob Henderson commented: “We delivered a solid quarter of steady state operations at all of our mines in Q3 2020, despite the challenges of managing COVID-19. Strong gold and silver prices and continued improvement of our AISC translated to record financial results and continued to strengthen the balance sheet. 

1933 Industries Inc (CSE:TGIF) (OTCQX:TGIFF) announced Thursday it has signed an agreement to purchase the remaining 9% interest in AMA Production LLC, giving it 100% ownership, which includes a property in Las Vegas. Subject to the terms of the agreement, 1933 Industries said it will issue 3.7 million non-transferable share purchase warrants exercisable at $0.075 each and expiring on June 13, 2024.

XPhyto Therapeutics Corp (CSE:XPHY) (OTCMKTS:XPHYF) (FRA:4XT) named European healthcare veteran Per S Thoresen as a company director as the bioscience accelerator focuses on several products in its pipeline nearing commercialization. The Vancouver-based company which is working on plant-based therapeutics focused on the European markets, noted that Thoresen is an experienced leader with an “impressive track record” in a wide range of executive management roles in the pharmaceutical industry. He has 25 years of experience with major international European and Asia-based pharmaceutical companies.

Perma-Fix Environmental Services Inc (NASDAQ:PESI) (FRA:PFX1) announced Thursday it generated a profit during its third-quarter as revenue jumped 34% year-over-year, thanks to the strength of its Services Segment. In addition, the Atlanta-based company said it achieved net income attributable to common stockholders of $1.4 million, or $0.12 per share (both basic and diluted) for the quarter, compared to $1.8 million, or $0.15 per share for the same period last year.

Orgenesis Inc (NASDAQ:ORGS) (FRA:45O) posted third-quarter results on Thursday that saw its revenue jump 40% year-over-year on the back of growth in its Point of Care (POCare) cell and gene therapy (CGT) network. For the period ended September 30, 2020, the Germantown, Maryland-based company reported revenue of $1.7 million, compared to $1.2 million in the same period in 2019. Orgenesis said it had ample cash and equivalents of $88.8 million as of September 30, 2020.

Lexaria Bioscience Corp (OTC:LXRP) (CSE:LXX), the developer of the patented DehydraTECH drug delivery platform, laid out its strategic initiatives for 2021 on Thursday, showing a focus on the regulated pharmaceutical and medical market segments. 

Silver Range Resources Ltd. (CVE:SNG) has announced that under a shares for services agreement dated April 1, 2019, as amended, it has issued 297,600 shares to Paladin Geoscience Corp., a private company controlled by Michael A. Power, the Silver Range president and chief executive officer. The shares were issued in partial consideration for geological and other consulting services provided to Silver Range by Paladin during the period April 1, 2020 and September 30, 2020. Under the shares for services agreement, Paladin at its election can receive a minimum of 50% and a maximum of 100% of its consulting fees through the issuance of Silver Range common shares. The 297,600 shares issued to Paladin are subject to a hold period that expires on March 1, 2021. The 297,600 shares were issued at a deemed price per share equal to the market price of Silver Range shares on the TSX Venture Exchange as calculated at the end of each month in which such services are provided, minus 50% of the discount permitted under applicable Exchange policies. All consulting fees not paid to Paladin through the issuance of Silver Range shares are paid in cash.

Information Services Corporation (CVE:ISV) said its board has declared a quarterly cash dividend of $0.20 per Class A Limited Voting Share. The dividend will be paid on or before January 15, 2021, to shareholders of record as of December 31, 2020. The dividend has been designated as an eligible dividend pursuant to the Income Tax Act. An eligible dividend paid to a Canadian resident is entitled to the enhanced dividend tax credit.

Western Magnesium Corporation (CVE:WMG) (FRA:M1V) (OTCMKTS:MLYF) has announced that it will be participating in an important and timely webinar exploring supply chain challenges in the Metals and Mining industry: The Proactive ONE2ONE Strategic Metals Supply Chain Investor Forum. With a keynote address by Dr Alan Taub of prestigious public-private partnership LIFT, and presentations by the CEO’s of Western Magnesium and American Resources Corporation, the event is designed to help investors understand the importance of retaking control of critical supply chains in order to enhance North America’s regional and economic security. The event also includes a panel discussion exploring the issues that define supply chain challenges, and solutions industry and government can work on together. To register for this event, investors can use the following link: https://event.webinarjam.com/register/103/098xgc0m

NexTech AR Solutions Corp. (OTCQB:NEXCF) (CSE:NTAR) (FRA:N29), an emerging leader in augmented reality for eCommerce, AR learning applications, AR-enhanced video conferencing and virtual events has announced that its CEO, Evan Gappelberg and CFO, Kashif Malik will be hosting the company’s live Q3 2020 conference call after the market close on November 12, 2020. The earnings will be released after the close and the call will begin at 4.30pm ET and the details are: Conference ID: 5979019; Dial in: +1 (435) 777-2200; Toll-Free +1 (800) 309-2350. The presentation will be followed by a question and answer session. For those unable to join the live event, a recording of the presentation will be posted later, on the company’s website.

OTC Markets Group Inc. (OTCQX:OTCM), operator of financial markets for over 11,000 U.S. and global securities, has announced that 1911 Gold Corp. (CVE:AUMB) (OTCQX:HAVXF), a junior explorer company, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTC Pink market. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors.  For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the US. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. 1911 Gold is a junior explorer that holds a highly prospective, consolidated land package totalling 53,804 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba, and also owns the True North mine and mill complex at Bissett, Manitoba, where it is reprocessing historic tailings on a seasonal basis. The company also owns the Tully and Denton-Keefer projects near Timmins, Ontario, and intends to focus on both organic growth opportunities and accretive acquisition opportunities in North America.

Story by ProactiveInvestors



Source: https://www.proactiveinvestors.com/companies/news/933275/na-proactive-news-snapshot-esports-entertainment-group-phunware-lord-global-next-green-wave-fansunite-entertainment-bevcanna-update--933275.html


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