NA Proactive news snapshot: Byrna Technologies, Vuzix Corporation, Thunderbird Entertainment Group Inc, The Valens Company UPDATE ...

Byrna Technologies Inc (CSE:BYRN) (OTCQB:BYRN) has posted the strongest quarterly revenues in company history at just over US$11 million off the back of “robust demand” for its non-lethal security devices. During its fiscal 4Q ended November 30, 2002, the Andover, MA-based company delivered total revenue of US$11,029,164 compared to the $500,442 it put up in the comparable year-ago quarter. Gross margins came in at 44.4% compared to 10.7%. Byrna told shareholders that the increase in revenue was driven by strong growth in orders for its Byrna HD, thanks to increased market awareness of the product, while gross margins were higher as a result of greater production volume.

Vuzix Corporation (NASDAQ:VUZI) announced that Softfoundry International Pte Ltd, a next-generation green communication solution provider, has optimized its FacePro Xpert System for Vuzix M400 and M4000 Smart Glasses. FacePro Xpert System is an AR-capable remote mentoring solution fully designed and developed by Softfoundry. Optimized for both the Vuzix M400 and M4000 Smart Glasses, the innovative application provides efficient, real-time remote global expert support, training and resources sharing via first-person perspective Full-HD to 4K video communication. As such, maintenance, inspections and repairs can be carried out without the need for the subject matter expert to be present on site. This creates great value for businesses, such as improving efficiency and productivity, while reducing the cost for travelling and deploying experts onsite.

Thunderbird Entertainment Group Inc (CVE:TBRD) (OTCQX:THBRF) (FRA:32GA) got a price target bump from analysts at Canaccord Genuity Capital Markets following the company’s fiscal second-quarter results. The Canadian broker’s analysts raised Thunderbird’s target price to $5.00 from $3.50 and repeated a Buy rating on the stock. In a note to clients, The Canaccord analysts noted that the media company’s C$28 million in quarterly revenue was “well ahead” of their own C$19.3 million forecast – the fourth straight quarter Thunderbird has beaten expectations and by its largest margin yet. EPS was C$0.03, also ahead of Canaccord’s forecast.

Stifel Nicolaus Canada has increased its target price on shares of The Valens Company (TSE:VLNS) (OTCQX:VLNCF) (FRA:7LV) to $3.75 from $3.35, while maintaining a ‘Buy’ rating on the stock, after the cannabis extraction company reiterated its 1Q 2021 revenue guidance, with the broker’s analysts noting that the guidance in-line with their expectations while “demonstrating a strong return to growth to start the year.” The Stifel analysts see even further upside as Valens executes on its strategic plan and returns to profitability.

Karora Resources Inc. (TSX:KRR) has announced that senior management will host a conference call/webcast on March 19, 2021, at 10.00am Eastern Time to discuss the corporation’s fourth quarter and full-year 2020 results.  Karora said it plans to issue a news release containing fourth quarter and full-year 2020 results before the markets open on Friday, March 19, 2021. To access the call, North American callers should dial: 1-888-231-8191; Local and international callers please dial: 647-427-7450; Webcast Link: https://produceredition.webcasts.com/starthere.jsp?

Delta 9 Cannabis Inc (TSE:DN) (OTCQX:VRNDF) (FRA:V5D1) reported that it has launched a province-wide delivery service in Saskatchewan, as well as same-day home delivery to the Lloydminster, Saskatchewan marketplace. The company also said it has introduced an online order service for its stores in Calgary and Grande Prairie, Alberta, which will allow customers to reserve products from Delta 9 and have them ready for pick up within one hour. 

Mandalay Resources Corporation (TSE:MND) (OTCQB:MNDJF) (FRA:R7X2) has posted its full-year and 4Q results, which it said underscored the sustainability of its turnaround in 2020. For the 12 months to end-December, 2020, the company reported net income of C$9.3 million, swinging from a loss of C$18.6 million in 2019, on revenue of C$178.9 million, its highest since 2016, and up from C$107.8 million a year earlier. Free cash flow for the year came in at C$25.3 million, with C$72.2 million in net cash flows from operating activities from its mines in Sweden and Australia.

Loop Insights Inc (CVE:MTRX) (OTCQB:RACMF) announced a deal Thursday to provide its Wallet pass platform to the World Boxing Council, giving the council the opportunity to engage with fans’ smartphones during the WBC super-middleweight championship fight between Saul “Canelo” Álvarez and challenger Avni Yildirim at Miami’s Hard Rock Stadium on Saturday. The highly-anticipated championship fight, with the World Boxing Association (WBA) Super, WBC, and The Ring Super middleweight titles all on the line, is being broadcast to over 200 countries. Among the three, the WBC title is often regarded as the most prestigious world title and has held some of the most high-profile fights ever watched in boxing history, the company said.

Endeavour Mining Corp (TSX:EDV) (OTCQX:EDVMF) (FRA:E5Y1) said it has increased its production guidance for 2021 to include production from the recently integrated Sabodala-Massawa and Wahgnion mines in West Africa following the completion of its acquisition of Teranga Gold Corporation. The gold producer said consolidated 2021 production guidance for continuing operations has been increased to between 1.35-1.475 million ounces from between 900,000-990,000 ounces while consolidated all-in sustaining costs (AISC) guidance has decreased by $40 per ounce to between $840-$890 per ounce.

NetCents Technology Inc (CSE:NC) (OTCQB:NTTCF) (FRA:26N) has signed its first agreement in the burgeoning decentralized finance – or DeFi – space, it announced Friday. NetCents told shareholders that it agreed with Vesto Inc, a San Francisco-based company with a platform that allows users to choose from multiple DeFi protocols in what is termed a “virtual supermarket.” The agreement paves the way for DeFi investing in the NetCents platform, the company told shareholders. With regulatory approval, NetCents plans to enable a portal to the Vesto infrastructure from the NetCents wallet to help facilitate user adoption of DeFi investing in an efficient and easy to understand interface.

Revive Therapeutics Ltd (CSE:RVV) (OTCMKTS:RVVTF) said Friday it is planning to expand its Phase 3 clinical trial for Bucillamine in coronavirus (COVID-19) to 50 clinical sites. The expansion is necessary in order to meet the study’s enrollment goals by the second quarter of the year, Revive said in a statement. The Toronto-based life sciences company recently completed a C$23 million financing that will be used to fund the trial’s expansion, according to a release.

Namaste Technologies Inc (CVE:N) (FRA:M5BQ) (OTCMKTS:NXTTF) said the CannMart.com website is now live in the US, offering American consumers hemp-derived cannabidiol (CBD) and smoking accessories. The cannabis and wellness products platform said it is leveraging its VendorLink technology in collaboration initially with smoking supply retailer DankStop and e-commerce technology group PeakBirch Logic Inc, adding that it “looks forward to adding more partners to the platform”. 

Nano One Materials Corp (CVE:NNO) (OTCPINK:NOMF) (FRA:LBMB) has launched a new technology, aimed at reducing costs, waste and carbon emissions for the lithium-ion battery supply chain. It has adapted its One-Pot process to be used in a so-called ‘metal to cathode active material’ (M2CAM) initiative. This will allow cathode materials, used in lithium-ion batteries, to be made direct from metal using powder feedstocks rather than metal sulfates or other salts. Using sulfates is a long, complicated, wasteful process, with margins added at each stage, noted Nano One.

Victory Resources Corp (OTCPINK:VRCFF) (CSE:VR) (FRA:VR61) said Friday that it recently added additional funding to its coffers, which will be used in part to begin its first drilling program on the Loner Property in Nevada. It’s a property that the company only recently optioned from Silver Range Resources in late December. Since optioning the property, Victory Resources said it has moved quickly to take full advantage of its exploration opportunities there with a carefully laid out 500-meter short-hole drilling program.

CO2 GRO Inc. (CVE:GROW) (OTCQB:BLONF) (FRA:4021) announced that option and warrant holders have exercised 1,081,161 options at $0.22 each together with 3,850,000 warrants at $0.12 each, raising total proceeds of $700,000. The 4,931,161 common shares being issued are not subject to any hold period. After the issuance, CO2 GRO has a total of 85,646,860 issued and outstanding common shares. The company said it will use the proceeds to increase business development activities; enhance and grow its Ag Industrial partnerships, its sales and technical force, further fund identified value-creating R&D projects and for working capital and general corporate purposes. John Archibald, CEO Of GROW commented: “We are very pleased that long term shareholders have exercised warrants and options for proceeds to CO2 GRO of $700,000. We feel the exercise is an endorsement of our business plan of developing CO2 GRO into a global leader in enhanced greenhouse food production founded on our Sustainability Platform of significantly enhanced returns to growers, reduction in carbon footprints and enabling food security. We believe our Planet, People and Profits focus will generate superior returns to shareholders over the long term.”

Aftermath Silver Ltd (CVE:AAG) (OTCQB:AAGFF) has filed its NI 43 101 technical report carried out by AMC Mining consultants and Ausenco on the Berenguela silver-copper project, for which Aftermath struck a binding letter of intent (LOI) with SSR Mining to buy in July last year. The document presents, among others, the details of land tenure, a summary of historic exploration work, and an analysis of Berenguela’s drill hole database. 

Naturally Splendid Enterprises Ltd (CVE:NSP) (OTCPINK:NSPDF) (FRA:50N), a supplier of vegetarian meat substitutes, sports and energy bars, and hemp-based products, has appealed the Federal Court of Canada’s decision to reject its trademark application to register NATERA. The decision does not affect Naturally Splendid’s right to continue using its long-established NATERA mark in the Canadian marketplace, the company said. Nonetheless, the company is appealing a case that began back in 2013.  

Litelink Technologies Inc (CSE:LLT) (OTCMKTS:LLNKD) (FRA:C0B:FF) has changed its name to TechX Technologies Inc and will start trading Friday (today) under its new ticker symbol ‘TECX,” according to a bulletin from the Canadian Securities Exchange. Disclosure documents are available on the CSE website, the exchange said late Thursday. Earlier this month, the British Columbia-based company disclosed its name-change plans.

HempFusion Wellness Inc. (TSX:CBD.U) (OTCQX:CBDHF) (FRA:8OO) has announced that its common shares have been approved for DTC full-service eligibility in the United States by the Depository Trust Company (DTC) and can now be both traded and serviced through DTC’s electronic book-entry system. “By offering electronic settlement, DTC eligibility provides us with a larger platform to attract investors,” said Jason Mitchell, HempFusion’s co-founder and chief executive officer. “From online trading platforms to banks to brokerage firms, the full spectrum of investors can now access our Company resulting in more liquidity,” he added.

Pacton Gold Inc. (CVE:PAC) said it has entered into an amendment agreement, whereby it will acquire one additional mineral claim to be added to its Red Lake West option agreement. The claim is approximately 200 hectares and contiguous with Pacton’s existing Red Lake properties. As consideration for the additional claim, the company will pay $500 and issue 30,000 common shares to the optionor upon receipt of acceptance of the amendment by the TSX Venture Exchange. The transaction is subject to the acceptance of the TSX Venture Exchange. Pacton Gold is a Canadian exploration company with key strategic partners focused on the exploration and development of high-grade conglomerate and orogenic gold properties located in the district-scale Pilbara gold rush in Western Australia and the Red Lake district in Ontario.

Progressive Planet Solutions Inc. (CVE:PLAN) said it has granted 4,150,000 stock options. The stock options include 3 million options issued to directors, officers, and insiders, exercisable at $0.39 per share for 3 years. In addition, 1,150,000 options were issued to consultants and advisers, exercisable at $0.39 for a period of 2 years. The options have been granted in accordance with the company’s stock option plan.

Great Panther Mining Limited (TSX:GPR) (NYSEAMERICAN:GPL) said it has scheduled the release of its fiscal year 2020 financial results for Thursday, March 4, 2021, before the market open. The company added that it will host a conference call and webcast on Thursday, March 4, 2021, at 9.00am PT / 12.00pm ET. Shareholders, analysts, investors and media are invited to join by logging in or calling in using the following details: Webcast – https://www.greatpanther.com/investors/webcasts/; dial-in numbers -Canada/USA TF 1-800-319-4610; International Toll +1-604-638-5340. A replay of the webcast will be available on the webcasts section of Great Panther’s website approximately one hour after the conference call. Audio replay will be available until April 4, 2021, by calling the following numbers using the replay access code 6298. Canada/USA TF 1-800-319-6413; International Toll +1-604-638-9010; Replay Access Code 6298.

KushCo Holdings, Inc. (OTCQX:KSHB), a premier provider of ancillary products and services to the legal cannabis and CBD industries, said it is scheduled to participate at the following financial conferences during February and March 2021: Benzinga Cannabis Capital Conference on Friday, February 26, 2021, with a presentation at 10.50am ET and a panel at 2.00pm ET with Nick Kovacevich, KuschCo’s co-founder, chairman, and chief executive officer and Stephen Christoffersen, its chief financial officer; Needham 2nd Annual Virtual Cannabis Conference on Wednesday, March 3, 2021, where Kovacevich and Christoffersen will only hold one-on-one meetings; and the Virtual 33rd Annual Roth Conference on Monday, March 15, 2021, again where Kovacevich and Christoffersen will only hold one-on-one meetings. To schedule a one-on-one meeting, request a conference invitation or receive additional information, please contact KushCo’s investor relations at [email protected] or 714-539-7653.

Story by ProactiveInvestors