NA Proactive news snapshot: HealthLynked Corp, The Valens Company, Electric Royalties, Delta 9 Cannabis …

HealthLynked Corp (OTCQB:HLYK) reported a 48% month-over-month growth in the first quarter for its women’s healthcare app Oohvie, and the release of Version 2.0 with new expanded features. Released in December 2020, the Naples, Florida-based provider of healthcare technologies, said the number of Oohvie app users has grown consistently at 48% month-over-month attracting over 6,000 users. Oohvie’s version 2.0 is based on user feedback and internal testing. Menstrual trackers are among the most downloaded healthcare apps with over 100 million downloads worldwide. “Version 2.0 improves performance and stability while introducing an enhanced user interface to make tracking periods, symptoms, and ovulation quicker and easier than ever, while improving on the features that are unique to Oohvie such as menstrual cycle data storage and sharing to a patients HealthLynked profile,” said the company.

The Valens Company Inc (TSE:VLNS) (OTCQX:VLNCF) (FRA:7LV) announced that provincial cannabis sales increased in its fiscal first quarter despite restrictions on storefronts being a drag on the Canadian cannabis market as a whole. For the three months ended February 28, provincial sales climbed 7.6% quarter-over-quarter even as provincial inventory rationalization and retail store opening limitations impacted companies in the cannabis sector. Overall, net revenue increased 24.7% quarter-over-quarter to C$20 million from $16 million in the fourth quarter of fiscal 2020. Valens’ estimated its share of the extract-based market increased to roughly 5.5% in Alberta, British Columbia and Ontario in the quarter, up from about 4.9% the quarter prior, based on Headset data and not including B2B LP manufacturing, the company said.

Electric Royalties Ltd (CVE:ELEC) (OCTMKTS:ELECF) has entered into a letter of intent (LOI) with Sprott Resource Streaming and Royalty to help fund the acquisition of the Middle Tennessee Mine (MTM) royalty. Under the proposed terms, Electric Royalties said Sprott Streaming would pay C$9.15 million in cash in return for 50% of the MTM royalty with Electric Royalties retaining 50% of the MTM royalty. ”We are excited to partner with Sprott on our first cash flowing royalty acquisition and look forward to working with them on many more deals in the future,” said Brendan Yurik, CEO of Electric Royalties in a statement. “Sprott Royalty and Streaming has an outstanding team and track record.”

Delta 9 Cannabis Inc. (TSX:DN) (OTCQX:DLTNF) has announced the grand opening of its twelfth Delta 9 Cannabis retail store, located in the City of Winnipeg. The company’s newest retail store, its ninth cannabis store in the Province of Manitoba, is scheduled to open on April 15, 2021. “We continue to make progress on our goal to roll out up to 20 Delta 9 Cannabis retail stores opening this year across the Prairie provinces. We will accomplish this through select strategic acquisition targets and laser focus on retail store build-outs at convenient and high traffic shopping locations,” said John Arbuthnot, CEO of Delta 9 in a statement.

Valeo Pharma Inc. (CSE:VPH) (OTCQB:VPHIF) (FRA:VP2) said it has commenced commercial shipments across Canada of Redesca and Redesca HP, its low molecular weight heparin (LMWH) biosimilar. LMWHs are injectable anticoagulant drugs used primarily to treat and prevent deep vein thrombosis and pulmonary embolism. It has more than 8 years of proven in-market safety internationally and more than 150 million patient days treated in Europe alone. In a statement, Steve Saviuk, Valeo’s chief executive officer commented: “Making Redesca widely available in Canada is a key element of our commercialization plans and we are pleased to have done so ahead of target. We continue to work on expanding both public and private reimbursement coverage across all provinces.”

Tetra Bio-Pharma Inc (TSE:TBP) (OTCQB:TBPMF) (FRA:JAM1) revealed that it has been granted a new patent from the United States Patent and Trademark Office for its method of treating interstitial cystitis (IC), which is a chronic condition causing bladder pressure, or bladder pain. In a statement, Tetra CEO Dr Guy Chamberland said: “We are very happy to have been granted this patent to strengthen our intellectual property portfolio for Tetra. The development of a cannabinoid treatment for IC was one of the Panag Pharma assets acquired by Tetra.” He added: Tetra has licensed the product to one of its shared venture partners. The IC product should be commercialized in the second quarter of 2022 under the partner’s brand.”

Tocvan Ventures Corp (CSE:TOC) (FRA:TV3) reported that it has kicked off the second phase of its extensive drill program at its flagship Pilar gold-silver project in Mexico. The Calgary, Alberta-based exploration development company said the Phase II program will consist of two stages and plans for a minimum of 4,000-meters of Reverse Circulation (RC) drilling. The first stage will focus on the continued definition and expansion of the Main Zone, which during Phase I returned 94.6-meters at 1.6 grams per tonne (g/t) Au including 9.2 meters at 10.8 g/t Au and 38 g/t Ag in drill hole JES-20-32. Tocvan indicated that Stage Two will begin to test new targets across the property including the Triple Vein Zone and 4-Trench Extension.

Albert Labs Inc announced it is raising up to C$4 million via a brokered private placement ahead of its anticipated RTO on the Canadian Securities Exchange. The financing consists of up to 16 million subscription receipts priced at C$0.25 per receipt for aggregate proceeds of up to $4 million, with a 25% over-allotment option that could potentially add another $1 million to the total. The psychedelic medicine company is in the midst of a merger transaction with ME Resource Corp (CNSX:MEC) that is expected to close by the end of August 2021. 

Mirasol Resources Ltd (CVE:MRZ) (OTCPINK:MRZLF) (FRA:M8R) announced the start of a 2,600 metres (m) drill program at its Sascha Marcelina gold and silver project in Argentina. The company said the program will focus on three priority drill targets (the Estancia, Pellegrini Silica Cap and Igloo prospects), which are characterized by coincident large-scale outcropping alteration, anomalous rock chip geochemistry and Induced Polarization (IP) geophysical anomalies. “Mirasol’s exploration activities have defined multiple new and quality drill targets, which have the potential to deliver a significant discovery,” Mirasol Resources President Tim Heenan said in a statement. 

NetCents Technology Inc (CSE:NC) (FRA:26N) (OTCQB:NTTCF), a cryptocurrency payments company, has announced the addition of Marcie Verdin as executive vice president of card and solutions development. ”The opportunity to work with NetCents to lead the market in merchant processing and cryptocurrency wallet issuing is nothing short of my career dream come true,” Verdin said. ”But more importantly, my ability to help NetCents create a new economy benefitting merchants, consumers, financial institutions, and fintech partners is what sold me. Building sustainable value propositions that drive frictionless commerce and enable companies and consumers to thrive in next-generation ecosystems has been my passion. NetCents is truly setting the course for the future of commerce.” 

Zynerba Pharmaceuticals, Inc. (NASDAQ:ZYNE) has announced the acceptance and presentation details of two posters at the Society of Biological Psychiatry (SOBP) 2021 Virtual Meeting. The SOBP annual meeting is being held virtually from April 29 through May 1, 2021. The two posters are: “Cannabidiol in Fragile X Syndrome (FXS): Proposed Mechanism of Action (MOA) Translates Into Meaningful Clinical Benefits [CONNECT-FX (ZYN2-CL-016)]”, Submission ID: 3010113, Poster Session I, Presentation Date: April 29, 2021; and “A Pivotal Study of ZYN002 Cannabidiol (CBD) Transdermal Gel in Children and Adolescents With Fragile X Syndrome [CONNECT-FX (ZYN2-CL-016)]”, Submission ID: 3010130, Poster Session II’ Presentation Date: April 30, 2021. A copy of the posters will be made available on the Zynerba corporate website at the time of the presentations at http://zynerba.com/publications/

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, has announced the first quarter 2021 performance and quarterly rebalancing of its OTCQX and OTCQB indexes, including the OTCQX US Index, OTCQX Canada Index, and the OTCQX Dividend Index. The OTCQX Composite Index, a benchmark for the overall OTCQX Best Market, was up 3.9% in the first quarter. Fifty-eight new companies were added to the index, including AYR WELLNESS INC.; Blackstone Minerals Ltd.; Integrated BioPharma, Inc.; Newcore Gold Ltd.; Tilt Holdings Inc.; The Trendlines Group Ltd.; and Zoetic International PLC.

Green Battery Minerals Inc (CVE:GEM) announced it had received final approval from the TSX Venture Exchange to close its C$2.1 million financing for a planned drill program at its Berkwood graphite project in Quebec. A total of 10,565,000 units were subscribed at $0.20 each, consisting of one common share and one warrant exercisable for two years at $0.50 for aggregate gross proceeds of $2,113,000. The Canadian company said it plans to use the funds for a potential “major” drill program at Berkwood that could expand mine life from 15 years to 25 years.

TechX Technologies Inc (CSE:TECX) (OTCMKTS:TECXF) (FRA:C0B1) announced the addition of Netcoins founder and Coinstream CEO Michael Vogel as an independent director and his brother, CyberSC founder and Chief Strategist Dominic Vogel as an Advisor.  Michael Vogel founded cryptocurrency exchange Netcoins in 2014, scaled the company to thousands of customers and millions in revenue and led the company to publicly list in 2018, making it the first crypto company to do so. Netcoins was acquired by BIGG Digital Assets Inc (CSE:BIGG) (OTCMKTS:BBKCF) in 2018 and is now one of the largest and longest operating Bitcoin exchanges in Canada, the company said.

Empower Clinics Inc. (CSE:CBDT) (FRA:8EC) (OTCPINK:EPWCF) has said it is now eligible for Depository Trust Company (DTC) services in relation to Empower’s listing on the OTC. “Convenience is a core part of Empower’s overall strategy for our approach to integrated healthcare, so our capital markets strategy should be the same. I’m thrilled that trading Empower’s shares will now be easier for existing and potential shareholders in the US,” said Steven McAuley, chairman & CEO of Empower. “Empower has a strong and growing presence in the United States market operationally as well as for investors. We’re confident that we will see enhanced trading liquidity as a result of our DTC eligibility.” Empower is now eligible to be electronically cleared and settled through the DTC and is therefore considered “DTC eligible”. This electronic method of clearing securities streamlines the process of trading, enhances liquidity, and provides direct access to investors and brokers in the US OTC capital markets.

Deep-South Resources Inc. (CVE:DSM) (OTCMKTS:DSMTF) said that Teck Resources Limited has signed agreements to sell the convertible debenture it holds with Deep-South to third party investors. The convertible debenture has a principal value of $389,117 and is convertible into common shares of Deep-South at a conversion price of $0.115 per common share and has a maturity date of August 30, 2021. The convertible debenture will continue to bear interest on the outstanding principal amount at a rate of LIBOR plus 2% per annum payable with the principal at maturity. On March 31, 2021, the accrued interest was valued at $60,962.  Upon closing of the transaction, the purchaser of the convertible debenture will convert the debenture into 3,913,730 common shares of Deep-South.

Nextech AR Solutions Corp. (OTCQB:NEXCF) (NEO:NTAR) (CSE:NTAR) (FRA:N29) has said it plans to release its fourth quarter and year ended December 31, 2020, financial results after the markets close on April 15, 2021. Subsequently, Nextech will host a conference call on Thursday, April 15, 2021, at 5:30 p.m. Eastern Time, where Evan Gappelberg, its chief executive officer and Kashif Malik, ohief financial officer to discuss these financial and operating results followed by a question-and answer period. To access the conference call:  Toll Free Dial-In Number: (877) 201-0168 International Dial-In Number: (647) 788-4901; Conference ID: 6185913 Webcast Link: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=&eventid=3037667&sessionid=1&key=132CB4BC6AF385E2750AD8021F63A9E6&regTag=&V2=false&sourcepage=register. For those unable to join the live event, a recording of the presentation will be posted on the company’s website.

Gold Resource Corporation (NYSEAMERICAN:GORO) has said it will be featured as a presenting company at the H.C. Wainwright Spring Mining Conference, which is being held virtually April 19-20, 2021. Allen Palmiere, GORO’s president and chief executive officer will provide an overview of the company’s business during the live presentation and will participate in one-on-one meetings with investors who are registered to join the conference. Institutional investors who would like to listen to the company’s presentation, can click on the following link to register for the conference: www.hcwevents.com/mining. All investors are welcome to listen to the company presentation online at https://journey.ct.events/view/57cbba02-31c2-484c-864f-ee8c58c158f8, starting on April 20, 2021, at 1.00pm. (ET). The webcast will be archived for 90 days.

American Resources Corporation (NASDAQ:AREC) has announced that Mark Jensen, its chairman and CEO will present at the H.C. Wainwright Mining Conference on Monday, November 30, 2021, at 2.30pm ET. In addition to the presentation, American Resources management will be available for one-on-one meeting with qualified members of the investment community who are registered to attend the conference. For more information, investors can visit the conference website here: https://hcwevents.com/mining/. American Resources also announced that Jensen will participate in the Virtual Investor ‘Ask the CEO’ event being held on Wednesday, April 21, 2021 at 1.00pm ET. Questions can be typed in live during the event or pre-submitted through the event website at virtualinvestorco.com.  To register and participate during the American Resources ‘Ask the CEO’ session, investors can click here: https://us02web.zoom.us/webinar/register/9416183522018/WN_lkO3zUT0TB6-mb5Y4XVdzg

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, has announced that Verano Holdings Corp. (CSE:VRNO) (OTCQX:VRNOF), a leading multi-state cannabis 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. “We’re honored to be upgraded to OTCQX, which allows us to increase visibility and improve liquidity,” said George Archos, co-founder and CEO of Verano. “This marks yet another step in maximizing long-term shareholder value, which we will achieve as we continue to elevate our footprint and product portfolio in key markets throughout the country.

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US. and global securities, has announced that ABAXX Technologies Inc. (NEO:ABXX) (OTCQX:ABXXF), a financial technology company, has qualified to trade on the OTCQX Best Market from today. 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.

Story by ProactiveInvestors