NA Proactive news snapshot: Phyto Extractions, Marvel Discovery, BMEX Gold, Tetra Bio-Pharma, Bragg Gaming Group UPDATE …

Phyto Extractions Inc (CSE:XTRX) announced that, subject to approval from the Canadian Securities Exchange, it intends to amend the terms of all 1,964,151 warrants that were issued by the company in connection with its non-brokered private placement which closed on December 19, 2019 to make the warrants transferable subject to compliance with applicable securities laws. Currently, the warrants are non-transferable. The warrants have an exercise price of $1.80 and expire on December 19, 2021. The number of warrants and the exercise price thereof have been adjusted to reflect the recent share consolidation of the company that was effective on April 9, 2021, on the basis of one post-consolidated share for every three pre-consolidation shares.

Marvel Discovery Corp (CVE:MARV) (FRA:O4T1) (OTCPINK:IMTFF) announced that shareholders approved the company’s planned spin-out and the arrangement agreement with its wholly owned subsidiary, Power One Resources Corp at the annual shareholders’ meeting. Pursuant to the agreement, the company will transfer its interest in the Serpent River/Pecors and Wicheeda North properties to Power One in exchange for Power One issuing one common share Power One share for every five common shares held in the Company; Power One issuing 5 million Power One shares to Marvel; and Power One assuming certain liabilities incurred in acquiring, exploring or maintaining the properties.

BMEX Gold Inc (CVE:BMEX) announced it had appointed veteran mining engineer Christopher Wild as its chief geologist. New executive Wild has over 35 years of experience in mining and mineral exploration in Canada, Africa and South America, including many years at KGHM International and Imperial Metals. Vancouver-based BMEX told investors that Wild will oversee its exploration program, focusing primarily on the King Tut and Dunlop Bay properties within the Abitibi Greenstone Belt in Quebec.

Tetra Bio-Pharma Inc (TSE:TBP) (OTCQB:TBPMF) (FRA:JAM1) said it has shipped its investigational new drug, QIXLEEF, to the US to initiate the planned REBORN1 study of patients with breakthrough cancer pain. REBORN1 will evaluate cannabis as an alternative to morphine sulfate immediate release (MSIR), an opioid, in the management of breakthrough pain. Breakthrough pain refers to sudden intense increases or flare-ups of pain that generally last for a short period. The company has completed the manufacturing of QIXLEEF and received the necessary cannabis export permit from Health Canada. QIXLEEF is a botanical drug product with a fixed ratio of THC and CBD that is inhaled through a vaporizer. 

Bragg Gaming Group Inc (TSE:BRAG) (OTCMKTS:BRGGF) (FRA:SL4A) has said it applauds the passing of Bill C-218 by Canada’s House of Commons on April 22, 2021, which will make betting on individual sport events legal in Canada. The company said it expects that the new law will keep gambling profits and jobs within Canadian communities and create a safer gaming environment. “We’re very supportive of the move toward the legalization of single-event sports betting. Canadians have demonstrated overwhelming support for this update to the federal legislation and this was reflected in the strong cross-party backing for the bill,” Bragg Gaming Group CEO Adam Arviv said in a statement.

Real Luck Group Ltd (CVE:LUCK) (OTCQB:LUKEF), a provider of licensed esports betting doing business through its subsidiaries as Luckbox, has applauded the passing of Bill C-218 (The Safe and Regulated Sports Betting Act) by the Canada House of Commons, a move that moves the country closer to legal sports betting. Bill C-218, which would make it legal to bet on a single sports or athletics event, now moves to the Senate for reading and adoption. “Canadian esports and sports fans are now on the cusp to being able to wager on their favourite events,” said Quentin Martin, CEO of Real Luck which is a member of the Canadian Gaming Association. “In our view, legalization, regulation and working with responsible operators is the best means to keep fans safe and offer them the best possible experience.”

Cloud DX Inc (CVE:CDX) has revealed that its breakthrough VITALITI continuous vital sign monitor platform earned a Silver 2021 Edison Award in the Science, Medical & Dental IoT category. The Edison Awards have been recognizing and honoring the best in technological innovation across the globe since 1987, the company said. The VITALITI continuous vital sign monitor is among the most advanced medical wearables ever designed, continuously measuring ECG, heart rate, oxygen saturation, respiration, core body temperature, non-invasive blood pressure, movement, steps, and posture. 

Aequus Pharmaceuticals Inc. (CVE:AQS) (OTCQB:AQSZF) (FRA:AEQ) posted fiscal 2020 results that saw its annual revenue jump 59% year-over-year on the back of strong sales led by PRVistitan and Tacrolimus eye treatments. For the year ended December 31, 2020, the Vancouver, British Columbia-based specialty pharmaceutical company reported its highest annual revenue to date of $2.6 million, up 59%, compared to $1.6 million during the year ended December 31, 2019. The company chalked the bump in revenue to higher sales. For the fourth quarter ended December 31, 2020, the company clocked up $851,187 in revenue, a 59% increase, compared to the same quarter a year earlier. 

FansUnite Entertainment Inc (CSE:FANS) (OTCQB:FUNFF) (FRA:4UY) announced its strong support for the passing of Bill C-218 by Canada’s House of Commons on April 22, which will make betting on individual sports events legal in Canada. The company said Bill C-218, also known as The Safe and Regulated Sports Betting Act, now moves to the Senate for reading and adoption before moving to the Governor-General for Royal Assent. “We applaud the Canadian House of Commons for advancing the legislation to legalize single-event sports betting, with many members expressing their support for Bill C-218,” FansUnite Entertainment CEO Scott Burton said in a statement. 

Zinc8 Energy Solutions Inc (CSE:ZAIR) (OTCMKTS:MGXRF) (FRA:0E9) has said it is set to test its Zinc-air Energy Storage System (ZESS) to provide backup power at Data Centres. The company has signed a US$200,000 contract with a leading cloud provider for an 11-month demonstration project, to begin immediately, which will also assess and validate the company’s Zinc Air Long-duration Energy Storage technology.

Aurania Resources Ltd (CVE:ARU) (OTCQB:AUIAF) (FRA:20Q) has reported that the first drill hole at the Tsenken N1 target intersected sediment-hosted copper at its Lost Cities-Cutucu Project in southeastern Ecuador. The company said the first drill hole at Tsenken N1 (TSN1-001) reached a depth of 722 meters (m) and native copper was intersected within 2m of the maximum depth that the small-format drill could reach. A second drill hole on the target is now underway.

Naturally Splendid Enterprises Ltd (CVE:NSP) (OTCPINK:NSPDF) (FRA:50N) has announced that the third shipping container of Natera Plant Based Foods has arrived from Australia. In anticipation of demand from an expanding distribution network and e-commerce presence, the company said additional purchase orders are being placed with its Australian manufacturer. These additional orders are being scheduled and will arrive in Vancouver in a timely manner to meet the growing demand.

Energy Fuels Inc (NYSE:UUUU) (TSE:EFR) and a team from Penn State University were awarded another US$1.75 million by the US Department of Energy for its rare earth feasibility study. The Lakewood, Colorado-based company said that the US Department of Energy’s Office of Fossil Energy and National Energy Technology had exercised its option to award the team the money for the study, which examines the production of rare earth products from natural coal-based resources. The award comes after the Department of Energy gave Energy Fuels a $150,000 contract last year to complete a conceptual design for the initiative. Energy Fuels was given a total award of $1.9 million.

CytoDyn Inc (OTCQB:CYDY) announced that it has completed an additional potentially non-dilutive convertible debt offering with an institutional investor, which provides $25 million of immediately available capital. The note has a two-year maturity, bears interest at the rate of 10% annually, and is secured by all assets of the company, excluding its intellectual property. The note may be converted at the option of the investor into shares of the common stock at a price of $10 per share, the company said. Earlier this month, the company completed a similar convertible debt offering, also worth $25 million.

Thunderbird Entertainment Group Inc (CVE:TBRD) (OTCQX:THBRF) (FRA:32GA) chief financial officer Barb Harwood has been named one of Canada’s best executives by the Globe and Mail’s Report on Business. The Report on Business Best Executive Awards is an annual program to celebrate excellence among non-CEO leaders at the SVP, EVP and C-suite levels. Thunderbird CFO Harwood is one of 10 winners in the Finance category. 

FSD Pharma Inc. (NASDAQ:HUGE) (CSE:HUGE) has announced the filing of its Management Information Circular and an accompanying letter to shareholders related to the Annual & Special Meeting scheduled for May 14, 2021, copies of which are available under the company’s SEDAR profile. FSD Pharma noted that it is at a critical turning point, and the outcome of this proxy contest will greatly affect the future of shareholders’ investments in the company. FSD Pharma‘s board of directors recommends that shareholders vote FOR the company’s highly capable and experienced director nominees using only the BLUE proxy. The full shareholders letter can be viewed on the company’s website via the following link: https://ir.fsdpharma.com/prviewer/release_only/id/4701672

Cloud DX (CVE:CDX) has announced its support and intention to participate in offering its award-winning remote patient monitoring platform, the Cloud DX Connected Health Kit to provincial and territory healthcare providers as part of the Government of Canada’s newly signed bilateral agreement to enhance provincial virtual care services, including $46 million in funding flowing to the Province of Ontario. Remote patient monitoring is identified as one of five priority areas for immediate action. “With the COVID-19 third wave upon us, there is heightened urgency to act swiftly and decisively to bring virtual care services to every Canadian. Now is the time for the private and public sector to come together like never before to ensure people across this country have continued access to the health care services they need virtually during this time of great uncertainty. With a fully commercialized, Health Canada compliant, made-in-Canada solution at the ready, Cloud DX is standing by to bring our easy to use, easy to adopt remote patient monitoring solution to healthcare providers across this country. Connected Health is already in use from coast-to-coast, including for COVID-19 patients, and our message to hospital administrators, doctors, and other care providers is this: we are ready to assist and can have you and your patients up and running very quickly,” says Robert Kaul, CEO of Cloud DX

Numinus Wellness Inc.(CVE:NUMI) said that further to the TSX Venture Exchange bulletin dated January 21, 2021, effective at the opening, Monday, April 26, 2021, the symbol for common share purchase warrants of Numinus Wellness Inc. will change from NUMI.WS to NUMI.WT.B. All other terms remain unchanged.

Champignon Brands Inc. (CSE:SHRM) (FRA:496) (OTCQB:SHRMF) has announced that the British Columbia Securities Commission and Ontario Securities Commission have revoked its cease trade orders against the company effective April 22, 2021, and as a result, the company anticipates that trading of its common shares on the CSE will recommence on April 23, 2021. “We are pleased to be moving forward with a strengthened team and focus on governance. We have successfully advanced our business strategy to establish a network of clinics designed to provide rapid-acting treatments for adults with depression,” said Dr Roger McIntyre, Champignon Brands chairman and CEO. “Depression is known to be one of the most disabling conditions across Canada and around the world. In addition, we have also been able to advance our research and development towards discovering novel drug treatments for individuals affected by depression. The stress of the COVID-19 pandemic has been unprecedented, and it has highlighted the need to provide novel treatments for individuals suffering from depression. We are well-positioned to be a leader in both implementing rapid-acting ketamine/esketamine-based treatments for depression and discovering innovative future treatments for persons affected by depression.” In addition, effective April 12, 2021, the company said it had received voluntary contributions of capital from existing shareholders, resulting in the cancellation of 9,780,000 common shares. The total number of Champignon Brands common shares outstanding is consequently reduced from 177,290,212 to 167,510,212.

Recruiter.com Group, Inc. (OTCQB:RCRT) said an interview with Evan Sohn, its chairman and CEO, will air on The RedChip Money Report on the Bloomberg Network in the US on Saturday, April 24, 2021, at 7.00pm local time in 73 million homes across the United States. In the exclusive interview, Sohn discusses the company’s upcoming milestones, updates on the Recruiter.com AI-driven job matching platform for recruiters and hiring managers, and recent acquisitions completed by the company. To view the interview segment, investors can use the following link: https://youtu.be/HzxgW2NyRE8

Virtual Investor Conferences and KCSA Strategic Communications have announced that the presentations from the April 20th Cannabis Industry Virtual lnvestor Conference are now available for on-demand viewing at VirtualInvestorConferences.com. To log in to view the presentations investors can use the following link: https://bit.ly/2QgvW7v. All presentations will be available for 24/7 on-demand replay for 90 days. Investors, advisors and analysts may also download shareholder materials from the “virtual trade booth” for the next three weeks. For more information about the program and to view a complete calendar of Virtual Investor Conferences, investors can visit: www.virtualinvestorconferences.com. A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group Inc’s (OTCQX:OTCM) suite of investor relations services specifically designed for more efficient Investor Access.  Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network

Story by ProactiveInvestors