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NA Proactive news snapshot: Sanatana Resources, Golden Tag Resources, Else Nutrition, PlantX Life, Lingo Media, HealthLynked, The Valens Company UPDATE …

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Sanatana Resources Inc (CVE:STA) (OTCMKTS:SADMF) announced the appointment of Tom Obradovich to the company’s board of directors. Obradovich has extensive experience in mining exploration, development and financing, having co-founded Canadian Royalties Inc as well as upgrading and doubling the resource of Young-Davidson Mines before it was acquired by Northgate Minerals in 2005.

Golden Tag Resources Ltd (CVE:GOG) (OTCQB:GTAGF) has initiated a geologic interpretation program on its 100%-owned San Diego project in Mexico. In partnership with Orix Geoscience 2018 Inc, the company said the program is designed to enhance the geological understanding of the project — one of the largest undeveloped silver projects in the country. Golden Tag said that while initial drill results from the first three drill holes of the 2020-21 exploration campaign confirmed the company’s previous understanding deposit, the results also identified the potential for near-surface open-pit style skarn mineralization. The geological interpretation program, which has commenced, will encompass a comprehensive review of the lithology, alteration, structure, and assay datasets to understand the controls at the project. The program will run until the third quarter of 2021.

Else Nutrition Holdings Inc (CVE:BABY) (OTCMTKS:BABYF) (FRA:0YL) reported C$1.5 million in full year 2020 revenue as it achieved substantial month-on-month sales growth through its e-store and on Amazon.com. For the year ended December 31, 2020, the Israel-based food and nutrition company, which develops innovative plant-based food products for infants, toddlers and children, reported revenue of C$1,482,000. The company started operations in June 2019 so there are no comparative figures from 2019. Meanwhile, Else posted revenue of $598,000 for the fourth quarter ended December 31, 2020. It chalked up the revenue to “a high growth rate” in online market penetration, showing “substantial month-on-month growth” in two of its online sales channels.

PlantX Life Inc (CSE:VEGA) (OTCQB:PLXTF) (FRA:WNT1) announced that its wholly-owned PlantX Lifestyle USA Inc subsidiary has agreed to acquire privately-held Little West LLC, a cold-pressed juice maker based in California, in an all-stock transaction. PlantX said it expects the acquisition to accelerate its strategic growth in the US market. “This acquisition complements the PlantX overall offering of health-promoting plant-based beverages and provides an invaluable strategic opportunity to forward the company’s impact and growth,” PlantX Life founder Sean Dollinger said in a statement.  

Lingo Media Corporation (CVE:LM) (OTCQB:LMDCF) (FRA:LIMA) saw its profits jump during FY 2020 as remote learning boomed during the coronavirus (COVID-19) pandemic. The Canadian educational company revealed its FY and 4Q 2020 results showing net profit of C$1,110,609 compared to the $162,566 figure it delivered in FY 2019. During its fourth-quarter ended December 31, 2020, the company posted a profit of $609,576 or $0.02 per share compared to $338,619 or $0.01 per share in the comparable year-ago quarter. Revenue for 2020 came in at slightly over C$2.1 million compared to just under $2 million in 2020, with $958,766 of that revenue coming in 4Q compared to $831,508 in the year-ago quarter.

HealthLynked Corp (OTCQB:HLYK) has announced the launch of DocLynk, its new telemedicine service enabling users to connect to healthcare providers in the HealthLynked Network from the convenience of their home through the internet, phone or mobile app. The Naples, Florida-based provider of healthcare technologies, said that DocLynk will initially focus on women’s health, integrating HealthLynked’s Oohvie Women’s Health App to allow users to track menstrual cycles, order birth control pills, and at-home testing services.  The DocLynk app provides an integrated platform of information exchange, remote monitoring, care coordination, healthcare guidance and at-home testing.

The Valens Company Inc (TSE:VLNS) (OTCQX:VLNCF) (FRA:7LV) has had its price target raised to $4.50 from $3.50 and earned a repeated ’Buy’ rating from analysts at Research Capital in a note published April 29. The bump comes two days after Valens announced a definitive agreement to acquire CBD product producer Green Roads and its majority-owned manufacturing subsidiary in a $40 million cash and share transaction, plus a potential $20 million in milestone payments “With the acquisition of Green Roads, Valens strengthens its capabilities to supply US domestic and global markets with an expanded product offering,” the Research Capital analysts wrote. “The acquisition gives Valens access to the largest cannabinoid market in the world, with immediate entry into the US CBD market which is currently estimated at nearly C$6 billion.”

Cloud DX Inc. (CVE:CDX) has said that subject to regulatory approval it has retained Red Cloud Securities to initiate its market-making service to provide market-making services to the company in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. Red Cloud will trade shares of Cloud DX on the TSXV for the purposes of maintaining a reasonable market and improving the liquidity of Cloud DX’s common shares. The agreement will see the company paying Red Cloud $5,000 per month during the term, payable quarterly in advance. The engagement may be terminated by either party with written notice of 30 days. The Company and Red Cloud act at arm’s length, but Red Cloud and/or its clients may have an interest, directly or indirectly, in the securities of Cloud DX.

Los Andes Copper Ltd (CVE:LA) (OTCMKTS:LSANF) (FRA:L41A) has marked a milestone for its Vizcachitas copper project in Chile, receiving the environmental approval needed to carry out drilling, which will allow it to complete the ongoing pre-feasibility study (PFS). The company said it had received unanimous approval from the Regional Environmental Committee for the work. It means Los Andes can now sink, if needed, up to 350 holes on up to 124 platforms over the next four years.

Playgon Games Inc (CVE:DEAL) (OTCQB:PLGNF) (FRA:7CR), a technology company focused on delivering mobile live dealer technology to online gaming operators, announced that it had gone live in South Africa with digital content supplier Intelligent Gaming Pty Ltd (IGL). Vancouver, British Columbia-based Playgon said Intelligent Gaming had a letter of certification and board approval from the regulators, granting it approval under their manufacturers license to offer Playgon’s live dealer product to operators in the South African market. With the certification in place and integration completed, Playgon is now live with IGL in South Africa, said the company. IGL is a top tier aggregator of content in the South African gaming market, which is pegged at $2.9 billion.

Marble Financial Inc (CSE MRBL) (OTCMKTS:MRBLF) (FRA:2V0), an artificial intelligence (AI) driven financial technology company, announced an online performance marketing partnership with Canada’s largest parent-focused performance marketing and media platform, 55Rush. 55Rush specializes in building online Canadian communities, with the goal of curating connections between its 3.7 million members and their brand partners through awareness, data and insight tools, the company said. Parent Life Network, one of its four online communities, has more than 1.1 million members and is focused on creating relevant content for Canadian parents.  55Rush will enable MyMarble to amplify its user reach and generate more leads by helping Parent Life Network members improve their financial fitness through sponsored content, including giveaways, deals, resources and forums.

Aurania Resources Ltd (CVE:ARU) (OTCMKTS:AUIAF) (FRA:20Q) told investors that its Tiria-Shimpia target in Ecuador had been extended to 22 kilometres (km) in length from 15 km with the discovery of Shimpia North. Sampling during the first exploration in this area at the Lost Cities – Cutucu project has uncovered elevated metal values in streams draining a ridge that is 7 km long. Results included 40 grams per tonne (g/t) silver in an extensively weathered gossan outcrop, said the company. Another sample from a stream returned 19 g/t silver, 6.5% lead and 1.1% zinc.

Numinus Wellness Inc (CVE:NUMI) saw its cash balance balloon to C$28.5 million after closing a C$17.25 million bought deal, its fiscal 2Q results reveal. In a statement accompanying the results, the psychedelic therapy company called the three-month period ended February 28, 2021 a “landmark” quarter in which it completed the acquisition of Canadian healthcare startup Mindspace Wellbeing and announced new collaborations with laboratory Optimi Health and Multidisciplinary Association for Psychedelic Studies Public Benefit Corporation (MAPS PBC). The Vancouver-based firm is the first Canadian public company to successfully legally extract psilocybe mushrooms, a feat it achieved during 2Q.

Kenorland Minerals Ltd (CVE:KLD) (FRA:3WQ0) announced that it has acquired 65,657 hectares of mineral claims, through staking, within the Birch-Uchi Greenstone Belt in the Red Lake district of Northwestern Ontario. Kenorland said it has also entered into an option agreement dated April 29 with a private Ontario company, which grants the company the sole and exclusive option to acquire a 100% interest in the Curie Lake and Root Lake West properties. The staked and optioned claims combine for a total of 76,511 hectares and are referred to as Kenorland’s South Uchi Project. In order to exercise the option, Kenorland will make aggregate cash payments of $175,000 and issue common shares worth $175,000 over a two-year period. Kenorland will also grant to the optionor a 2% net smelter return royalty on the property, half of which (1%) may be purchased by Kenorland for $1 million in cash or stock.

Empress Royalty Corp (CVE:EMPR ) (OTCQB:EMPYF) (FRA:53G) has funded the initial US$2 million payment of the US$5 million silver stream agreement on the Tahuehueto project in Mexico, which is owned by Telson Mining Corporation (CVE:TSN) (OTCMKTS:SOHFF) (FRA:TSGN).  Empress on April 16 executed the Stream agreement on production of 100% of the payable silver production from Tahuehueto for the first 1,250,000 payable ounces. Thereafter, the percentage will step-down to 20% of the payable silver production to a maximum of 10 years from the first production, after which, the Stream terminates. Empress said The Stream is part of a US$25 million full-financing solution being provided to Telson by Empress and its strategic partners, Accendo Banco and Endeavour Financial.

Gevo Inc (NASDAQ:GEVO) (FRA:ZGV3) has officially broken ground on its renewable natural gas (RNG) project in northwest Iowa. The project will generate RNG captured from dairy cow manure, or what’s called feedstock. The Englewood, Colorado-based company has said previously that the feedstock for the RNG project will be supplied by three dairy farms involving over 20,000 milking cows with start-up expected in early 2022.

Alternus Energy PLC (NOTC:ALT), the independent power producer (IPP), told investors it had lifted its total installed capacity by 29%, having acquired the 20 MWp solar park LJG Green Source Energy Beta SRL (LJG) in Romania from Risen Energy GmbH for €22 million.  The move continues the group’s expansion into Europe and is the largest single park the company has acquired to date.

TPCO Holding Corp (The Parent Company) (NEO:GRAM) (OTCQX:GRAMF) has announced a partnership with Omura, a first-of-its-kind whole flower vaporizer. The Parent Company said it will enter Omura’s “heat-not-burn” category with the launch of Caliva Flowersticks, a new line of 100% whole flower cannabis pre-filled paper cartridges featuring three signature Caliva strains. The products debuted today (April 30) at Caliva stores and are available via delivery at Caliva.com. 

Naturally Splendid Enterprises Ltd (CVE:NSP) (OTCPINK:NSPDF) (FRA:50N) has appointed CANEX Foods as master distributor for NATERA Plant Based Foods in Canada. Previously, CANEX Foods was a distributor of NATERA. But by naming the company master distributor, Naturally Splendid said it benefits in a multitude of ways, resulting in an overall reduction in operating costs while increasing services and margins. The benefits include increased storage capacity, daily scheduled delivery services, inventory management, as well as new working relationships with a wide selection of distributors through existing CANEX dealings including Sysco, Gordon Food Service, Intercity Packers Meat and Seafood, Georgia Main, and many others. 

KushCo Holdings Inc (OTCQX:KSHB) announced the names of the executives who will lead the company once it completes its pending merger with Greenlane Holdings Inc (NASDAQ:GNLN) (FRA:G67). As previously announced, current KushCo CEO Nick Kovacevich will lead the combined company as Chief Executive Officer, while Greenlane co-founder Aaron LoCascio will serve as President and Greenlane’s Bill Mote and Adam Schoenfeld will become the Chief Financial Officer and Chief Strategy Officer, respectively.   

Marvel Discovery Corp. (CVE:MARV) said it has executed a debt settlement agreement with a creditor to settle outstanding debt in the amount of $187,500. The creditor has agreed to accept 1.25 million shares in the capital stock of Marvel at a price of 15 cents per share to resolve the outstanding debt. Any shares issued under the debt settlement will be restricted from trading for four months plus one day from the date of issuance. The debt settlement agreement is subject to TSX Venture Exchange acceptance for filing.

Aftermath Silver Ltd. (CVE:AAG) has said that under the terms of a previously announced share purchase agreement with Mandalay Resources Corp., it has elected to settle the required payment of $1.5 million owing to Mandalay on April 30, 2021, through the issuance of common shares of the company. Aftermath Silver will issue 2,054,794 common shares of the company at a deemed price of 73 cents per share to Mandalay. The issuance of the shares to Mandalay is subject to the approval of the TSX Venture Exchange. All shares issued pursuant to the debt settlement will be subject to a four-month hold period.

Hill Street Beverage Company Inc (CVE:BEER) said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced on March 2, 2021, and further extended on March 4, 2021, which will see the issue of 42,548,544 shares at a purchase price of 8 cents per share, together with:42,548,544 share purchase warrants with an exercise price of 11 cents for a three-year period from the date of closing with 40 placees.

Western Magnesium Corp (CVE:WMG) said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement, announced April on 27, 2021, which will see the issue of 25,773,997 shares at a purchase price of 13 cents per share, together with share purchase warrants at an initial exercise price of 19 cents with a one year term to expiry with 35 placees.

The Canadian Securities Exchange has announced the launch of the Cannabis Investor Series, a four-episode virtual series that will provide insights into all key facets of the rapidly evolving cannabis industry. On each Tuesday in May, participants will hear from trailblazing experts and influencers who are shaping the industry and will learn about the exciting investment opportunities emerging as legal cannabis gains increasing acceptance worldwide. More than 70 companies and personalities will be providing insights. “The rise of the legal cannabis industry over the past several years has been remarkable,” said Richard Carleton, CEO of the CSE. “At the CSE, we’ve had a front-row seat to observe the sector’s evolution. It has been wonderful to see so many entrepreneurs capitalizing on a rapidly changing regulatory environment to pursue diverse opportunities across the industry. This series will demonstrate that the cannabis sector continues to evolve in new and unpredictable ways, creating tremendous opportunities for investors.”  To register for the first episode of the Cannabis Investor Series, investors can use the following link: https://go.thecse.com/Investing-in-American-Cannabis-Register

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/948166/na-proactive-news-snapshot-sanatana-resources-golden-tag-resources-else-nutrition-plantx-life-lingo-media-healthlynked-the-valens-company-update--948166.html


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