Todos Medical, Ltd. (OTCQB:TOMDF) has announced $7.15 million in sales for the month of February 2021, representing a 38.1% month over month increase from sales of $5.18 million in January 2021. The company said the increase in sales was predominantly driven by increased PCR reagent and supply sales from a new New York City (NYC) Tri-State Area client, which recently completed installation and validation of Todos’ turnkey, automated workflow solution, including Tecan instrumentation. Todos’ solution enables laboratories to increase revenue through the rapid expansion of processing capacity in order to cost-effectively bring sample processing in-house instead of referencing it out to partner labs. This client will be particularly focused on coronavirus (COVID-19) testing for schools planning to re-open in-person learning, it said.
WeedMD Inc. (CVE:WMD) (OTCQX:WDDMF) (FRA:4WE), a federally-licensed producer and distributor of medical-grade cannabis, said it has closed its previously announced, upsized ‘bought-deal’ offering of 35,937,500 units at a price of $0.48 each for aggregate gross proceeds of $17,250,000, including full exercise of the over-allotment option. The company said it intends to use the net proceeds of the offering to accelerate its growth plans through the use of sales and marketing initiatives, increasing operational capacity and additional product development initiatives.
Australis Capital Inc (CSE:AUSA) (OTCMKTS:AUSAF) (FRA:AC4) said Friday it had executed a definitive agreement to acquire Nevada-based cannabis company Green Therapeutics LLC. GT is an award-winning, Nevada-based cannabis company with a strong brand portfolio of high-end dried flower and luxury derivative products. GT was co-founded by former MedMen president – and current Australis COO – Duke Fu and is led by a strong team of medical professionals and pharmaceutical manufacturing experts. The company operates an 8,000 square foot facility in Nevada and its brands are carried by 52% of Nevada-based dispensaries, with further market penetration expected as production capacity is expanded. GT also has a manufacturing license in Oklahoma and a 25% interest in an extraction and processing license in Missouri.
The Valens Company Inc (TSE:VLNS) (OTCQX:VLNCF) (FRA:7LV) has entered into a custom manufacturing agreement with Experion Biotechnologies Inc, a partner of the company’s recently acquired LYF Food Technologies Inc. Experion is a licensed cultivator, processor, and brand builder with a portfolio of premium products, Valens said. Under the agreement, Valens said it will provide end-to-end pre-roll manufacturing and product distribution services to Experion — Valens’ first custom manufacturing agreement of this nature following the receipt of its Health Canada licence amendment to sell dried cannabis products. In the partnership, Valens and Experion will expand the pre-roll offering for Experion’s popular Citizen Stash brand.
American Manganese Inc (CVE:AMY) (OTCQB:AMYZF) said it has awarded a C$2.7 million contract to its partner Kemetco to build a 500 kilogram (kg) per day demonstration plant and a 5 tonne/day commercial recycling plant using its ground-breaking technology. The critical materials group has been working with Kemetco since 2016 on advancing the so-called RecycLiCo process, which sees key metals recovered from scrap lithium-ion batteries from electric vehicles (EVs). The technology allows for high extraction of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum at high purity.
Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTTF) (FRA:M5BQ) said its wholly-owned CannMart Inc subsidiary has received a license renewal from Health Canada for the processing and sale of medical cannabis effective March 11. Namaste also noted that CannMart has signed a supply agreement with Sugarbud Craft Growers Corp, paving the way for Sugarbud’s craft cannabis collection to be available to Canadian medical consumers at cannmart.com.
Thoughtful Brands Inc (CSE:TBI) (FRA:1WZ1) (OTCQB:PEMTF) said it has canceled the acquisition of Franchise Cannabis Corp (FCC), previously announced in January, a move it says, which will provide stronger sales and operations networks in North America and Europe by allowing its existing joint venture with FCC to remain in place. The company, which researches, develops, markets, and distributes natural health products through various brands, said positive changes to the market during the first quarter of 2020 within the cannabis and cannabidiol (CBD) sectors were key factors in the decision not to move ahead with the FCC acquisition.
Victory Resources Corporation (CSE:VR) (FRA:VR61) (OTCPINK:VRCFF) announced that it has issued a total of 1,645,000 options pursuant to its incentive stock option plan to management, employees and consultants. Each option entitles the holder to subscribe for one common share of the company for $0.075 for a period of 5 years, subject to the terms of the plan. Over the past quarter, 492,000 options have been cancelled.
Empress Royalty Corp. (CVE:EMPR) (OTCQB:EMPYF) has reported that its common shares are eligible for delivery and depository services with the Depository Trust Company (DTC) to facilitate electronic settlement of transfers of its common shares in the United States. Securities that are eligible to be electronically cleared and settled through the DTC are considered “DTC eligible”. This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and greatly reduces transactional costs for participating stock brokerages.
Milestone Scientific Inc. (NYSE:MLSS), a leading developer of computerized drug delivery instruments that provides virtually painless and precise injections, has announced that Arjan Haverhals, CEO of Wand Dental and president of Milestone Scientific, will be presenting at the Q1 Virtual Investor Summit on March 24, 2021, at 11.00am ET via the following link: https://zoom.us/webinar/register/WN_zq3yW7kuQouOPE28oFuSvw. For complimentary registration, investors can visit the website at www.investorsummitgroup.com
Phunware, Inc. (NASDAQ:PHUN) has said it will hold a conference call on Thursday, March 25, 2021, at 5.00pm Eastern time (2.00pm Pacific time) to discuss its financial results for the fourth quarter and full-year ended December 31, 2020. The financial results will be issued in a press release prior to the call. Phunware management will host the conference call, followed by a question and answer period, dial-in details are: US 888-506-0062; International 973-528-0011′. The conference call will be broadcast live and available for replay at the following link – https://www.webcaster4.com/Webcast/Page/2562/40395 – and via the investor relations section of the company’s website at investors.phunware.com.
Esports Entertainment Group, Inc. (NASDAQ:GMBL), an esports entertainment and online gambling company said an interview with its CEO Grant Johnson will air on The RedChip Money Report on Bloomberg TV in the US on Saturday, March 13, at 7.00pm local time in 73 million homes across the United States. The RedChip Money Report also airs on Bloomberg International in Europe in 100 million homes at 6.00pm local time on Sundays. In the exclusive interview, Johnson discusses the Company’s recent acquisitions and plans for growth in the rapidly expanding global esports market. To view the interview segment, investors can use the following link: https://www.youtube.com/watch?v=huZ3QQf7Frk
Story by ProactiveInvestors
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