NA Proactive news snapshot: NEXE Innovations, Codebase Ventures, Mawson Gold, Delta 9 Cannabis ...

NEXE Innovations Inc (CVE:NEXE) (OTCMKTS:NEXNF) (FRA:NX) announced Thursday that the construction of its proof of concept Nespresso Coffee Automation Line is now complete. The company and its manufacturing partners began factory testing the production machine — expecting to take delivery of the machine on time and on budget in the first quarter of 2021. NEXE recently announced two milestone developments for its fully compostable Nespresso-compatible project, including the C$1 million ISC grant victory supporting the commercialization of its NEXE Nespresso-Compatible Pods and successful composting results. 

Codebase Ventures Inc (CSE:CODE) (FRA:C5B) (OTCQB:BKLLF) said that it has received confirmation that its US$2.5 million order of Bitcoin mining rigs has been processed and will commence shipping in the coming weeks to its North American mining facility. The investment company, which focuses on sectors with significant upside, said it will operate its first tranche of 115 state-of-the-art Canaan A1246 mining machines, adding that it has “significant ability to expand and increase” the number of rigs it operates. 

Mawson Gold Limited (TSE:MAW) (OTCPINK:MWSNF) (FRA:MXR) has reported encouraging assays from another five drill holes at its Sunday Creek project in Australia, this time from the historic Gladys mine area. Results included an intercept of seven metres (m) at a grade of 6 grams per ton (g/t) from a depth of 72.4m in one hole. That including a 2m length at 18.5 g/t of the yellow metal from 73.9 metres depth. Also found in the same hole was 0.3 metres at 72.9 g/t gold from 101m depth.

Delta 9 Cannabis Inc. (TSX:DN) (OTCQX:VRNDF) has provided guidance on its fourth quarter and year-end results ending December 31, 2020, based on preliminary results. The company said it anticipates net revenues for the three-month period ending December 31, 2020, to be between $13.7 million and $14.2 million. It noted that the figures compare with $10.6 million for the same period in 2019, an increase of between 29% and 34%, and $13.1 million sequentially from the third quarter of 2020, an increase of between 5% and 8% Delta 9 said it anticipates revenues for the year ending December 31, 2020, to be between $51.8 million and $52.3 million, compared to $31.8 million for the same period in the prior year.

Esports Entertainment Group Inc (NASDAQ:GMBL) announced Thursday it has signed a multi-year partnership with the Baltimore Ravens to be the NFL franchise’s esports tournament provider.  As part of the agreement, the company will operate bi-annual esports tournaments for the Ravens utilizing its Esports Gaming League (EGL) platform. ”Our esports tournament platform continues to gain strong traction among top-tier professional sports franchises,” said Esports Entertainment CEO Grant Johnson in a statement. “We are delighted to add the Ravens as our latest partner. Our robust tournament platform will help the Ravens strengthen connections with their fans, while providing new avenues for engagement.”

HighGold Mining Inc (CVE:HIGH) (OTCQX:HGGOF) has uncovered a new high-grade silver-gold-zinc vein field four kilometers (km) northeast of its high-grade JT deposit at the Johnson Tract project in Alaska, which is positive for the potential of the property’s wider 21,000 acre area. Sampling at the Difficult Creek (DC) prospect has uncovered the new field over a 250 metre (m) by 700m area, with assays including 1,800 grams per ton (g/t) silver, 0.4 g/t gold and 0.5% zinc in a rock grab sample.

Binovi Technologies Corp. (OTCQB:BNVIF) (CVE:VISN) has expanded its global reseller network with a partnership with Sport-Orthèse, activating its country-specific scalable business model. The group said the move demonstrates Binovi’s ongoing efforts to optimize its revenue opportunities within its global strategy. “As Binovi continues to successfully implement its global reseller partnerships, we remain dedicated to serving our consumers more personally and investing in the company’s long-term growth opportunities. In working with Sport-Orthèse, we’re signalling our dedication to our European clientele and furthering our goal for continued success on the continent,” said Adam Cegielski, Binovi founder and CEO in a statement.

PharmaDrug Inc. (CSE:BUZZ) (OTCMKTS:LMLLF) said it has filed an Orphan Drug Designation (ODD) application with the US Food and Drug Administration (FDA) for the use of psychedelic drug N,N-Dimethyltryptamine (DMT) in the treatment of acute ischemic stroke patients that present for emergency medical assistance within 3-hours of symptom onset. “We are building an industry-leading foundation to explore the clinical potential of DMT in rare neuropsychiatric and neurological disorders. With the submission of our orphan drug application to the FDA now complete we will move swiftly to accelerate the research and development of DMT for acute ischemic stroke,” said Daniel Cohen, CEO of PharmaDrug in a statement. “Additionally, we will continue to broaden our DMT clinical programs by taking advantage of valuable FDA regulatory incentives such as orphan drug, fast track and breakthrough therapy designations.”

Cabral Gold Inc (CVE:CBR) (OTCPINK:CBGZF) (FRA:C3J) reported drill results from the Machichie NE target at its Cuiú Cuiú gold project in Brazil, which shows another potentially significant mineralized structure just 150 metres (m) north of the Machichie discovery.  Assays from four follow-up holes included 8m at 3.3 grams per ton (g/t) gold, 17m at 0.8 g/t gold, including 4m at 2.9 g/t gold, and 26m at a grade of 0.5 g/t of the precious metal. 

Lexaria Bioscience Corp (NASDAQ:LEXX) (CSE:LXX) is expanding its applied research and development (R&D) program in 2021 with a particular focus on DehydraTECH-enabled CBD for hypertension, the company announced Thursday. The company’s hypertension program now consists of five planned studies, three of which were previously announced on February 1 (HYPER-A21-1, HYPER-A21-2, and HYPER-H21-1). Study design for HYPER-A21-1 and HYPER-A21-2, both animal studies, has been completed, and dosing is expected to begin in late February or early March.

American Manganese Inc (CVE:AMY) (OTCPINK:AMYZF) (FRA:2AM) said its RecycLiCo process for recycling lithium-ion battery cathodes, has been awarded the Solar Impulse Efficient Solution Label (SIESL) following an assessment performed by external independent experts and based on verified standards. As a result, the critical metals company said RecycLiCo will join the 1000 Solutions Challenge, an initiative by the Solar Impulse Foundation to select solutions that meet high standards in profitability and sustainability and present them to decision-makers to fast-track their implementation. 

Endeavour Mining Corporation (TSE:EDV) (OTCMKTS:EDVMF) (FRA:E5Y1) told investors it has now completed its previously announced C$2.4 billion acquisition of Teranga Gold Corporation (TSE:TGZ) (OTCQX:TGCDF) and that its sole focus for this year was to unlock organic value. Teranga shareholders received 0.47 of an Endeavour share for each Teranga share they held resulting in the issue of over 78.7 million Endeavour shares, with Endeavour now having a total of over 243 million shares outstanding. Teranga becomes a wholly-owned subsidiary.

HempFusion Wellness Inc (TSE:CBD.U) (OTCMKTS:CBDHF) (FRA:8OO) reported that it has introduced what it called “new and improved” Sleep and Stress products with twice the amount of CBD per serving. The company said the new CBD products, which increases HempFusion’s total product line to 48, aim to support relaxation for consumers by providing more restful night’s sleep and easing occasional stress. “Global consumers are becoming increasingly familiar with CBD and its potential benefits to their daily routine,” HempFusion Wellness CEO Jason Mitchell said in a statement. 

Orogen Royalties Inc (CVE:OGN) (OTCMKTS:EMRRF) (FRA:5EV) has revealed that Cranberry Capital Inc is investing C$2.7 million in the company via a placing.  Cranberry Capital is an investment company controlled by Paul van Eeden, Orogen’s chairman. Upon closing the private placing, van Eeden will be the beneficial owner of around 14.9% of the company on a partially diluted basis. In the financing, Cranberry Capital will subscribe for 10 million units at C$0.27 each. Orogen also announced that its president and CEO Patrick Nicol had been appointed to its board of directors. 

WeedMD Inc. (CVE:WMD) said it has entered into a letter of engagement with Eight Capital, as joint bookrunner and co-lead underwriter along with Canaccord Genuity Corp., for a ’bought deal’ placement to raise gross proceeds of $15,000,260. The company said the underwriters will buy for sale 18,293,000 units of the company at a price of $0.82 per unit. WeedMD said it intends to use the net proceeds of the offering for working capital and general corporate purposes.

Ximen Mining Corp (CVE:XIM) said the TSX Venture Exchange has accepted for expedited filing documentation relating to a bill of sale dated January 26, 2021, between the company and vendors David Fredlund, Linda Fredlund and John Bakus, under which the company can acquire a 100% interest in 10 mineral claims covering 860 hectares in the Cranbrook gold belt in British Columbia, known as the Running Wolf property. In consideration, the company will pay $30,000 and issue 200,000 shares.

Hill Street Beverage Company Inc. (CVE:BEER) has confirmed that, further to its press release dated February 9, 2021, Terry Donnelly has resigned as a director of the company.

Bioasis Technologies Inc. (OTCQB:BIOAF) (CVE:BTI), a pre-clinical, research-stage biopharmaceutical company developing its proprietary xB3 platform technology for the delivery of therapeutics across the blood-brain barrier and the treatment of central nervous system disorders in areas of high unmet medical need, including brain cancers and neurodegenerative diseases, announced Wednesday that it has entered into an agreement with an arm’s length third party under which the company has agreed to issue 300,000 common shares to the third party at a deemed price of $0.3975 per share in order to resolve a contractual dispute. The shares for debt settlement remains subject to approval by the TSX Venture Exchange. The common shares issued pursuant to the shares for debt settlement will be subject to a four-month hold period which will expire on the date that is four months and one day from the date of issuance.

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, has announced that HempFusion Wellness Inc. (TSX:CBD.U) (OTCQX:CBDHF), a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition, has from today qualified to trade on the OTCQX Best Market. Trading on the OTCQX Market offers companies efficient, cost-effective access to the US capital markets. 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. “This important milestone opens the door for a broader range of US investors and investment platforms to access our Company,” commented Jason Mitchell, HempFusion’s co-founder and chief executive officer. “We are excited to begin trading on the OTCQX today and look forward to gaining DTC eligibility in the near future as well.”

Thunderbird Entertainment Group Inc. (CVE:TBRD) (OTCQX:THBRF)  has said it will hold a conference call and webcast to share the company’s second-quarter fiscal 2021 financial results on Thursday, February 25, 2021, at 11am PT/ 2pm ET. The company will distribute the press release after the market closes on Wednesday, February 24, 2021. During the conference call, Thunderbird’s chief executive officer Jennifer Twiner McCarron will provide a corporate update and strategic overview, and its chief financial officer Barb Harwood will present the financial statements. A short question and answer period will take place after the prepared remarks. To access the call -Toll-free dial-in number: (833) 900-1530; International dial-in number: (236) 712-2271; Conference ID: 2556969. The conference call will be webcast live – https://event.on24.com/wcc/r/2948485/A4BFA5D1567D7944573F1CE401B8F838 – and available for replay via the ‘Investors’  section of the Thunderbird website. Investors can also access a replay of the teleconference at: (+1) 416-621-4642 or toll-free at (+1) 800-585-8367 three hours after the call’s completion. The Conference ID # is 2556969. The teleconference replay will be available through March 11, 2021.

Ipsidy Inc. (OTCQB:IDTY), a leading provider of secure, mobile biometric identity solutions, including Identity-as-a-Service has announced that its 2020 annual meeting of shareholders will be held on Monday, March 22, 2021, at 10.00 am EDT – one week after the originally announced date – virtually via livestream. During the meeting, the group said it intends to cover a number of structural corporate matters as described in the notice, including matters that will help us prepare for a potential uplisting to a national exchange in the coming months. In addition, management will report on the activities of the company during 2020 and shareholders will be able to submit questions at the Meeting via the livestream platform.  Further meeting details will be provided in a shareholder mailing.

ION Energy (OTCQB:IONGF) has announced that Ali Haji, its CEO, will present live at VirtualInvestorConferences.com on February 18, 2021, at 11.30am EST. This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates, using the following link: https://bit.ly/3cd9PaB

Virtual Investor Conferences, the leading proprietary investor conference series, has announced the agenda for the upcoming Metals and Mining Virtual lnvestor Conference. Individual investors, institutional investors, advisors, and analysts are invited to listen to the executive management of metals & mining companies discuss their property positions, development schedules, market opportunity, and investment highlights. The program opens at 8.45am ET, with the first webcast at 9.00am ET on Tuesday, February 16, 2021.  It is recommended that investors pre-register – at https://bit.ly/3tFv5vU – and run the online system check to expedite participation and receive event updates.  There is no cost to log-in, attend live presentations or ask questions. “We are delighted to present our three-day Global Metals and Mining Virtual Investor Conference highlighting the perspectives of today’s leading global resource companies,” said Jason Paltrowitz, executive vice president of Corporate Services at OTC Markets Group Inc (OTCQX:OTCM). “We appreciate the continued support of our co-sponsor Amvest Capital and welcome the input of our keynote speakers:  Terry Heymann, CFO, World Gold Council, Michael DiRienzo, Executive Director, The Silver Institute and Daniel Mamadou of Welsbach Holdings.”

Story by ProactiveInvestors