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NA Proactive news snapshot: Todos Medical, Chesapeake Financial, PlantX Life, Esports Entertainment UPDATE …

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Todos Medical Ltd (OTCQB:TOMDF) has acquired Provista Diagnostics Inc, a US-based medical diagnostics that owns the intellectual property rights to proprietary breast cancer blood test Videssa and has a diagnostic lab currently performing coronavirus (COVID-19) PCR testing. Under the terms of the agreement, Todos said it has acquired Provista from its private equity owner for $7.5 million, consisting of an initial cash payment of $1.25 million, the issuance of $1.5 million in Todos shares priced at $0.0512 each, the issuance of a $3.5 million convertible promissory note, and payment on for before July 1, 2021, of $1.25 million. The company said Videssa was developed to provide physicians with actionable information regarding breast cancer risk in women following an inconclusive mammogram result (BI-RADS III or IV), which primarily occurs in women with dense breasts. 

Chesapeake Financial Shares, Inc. (OTCQX:CPKF), the parent company of both Chesapeake Bank and Chesapeake Wealth Management has reported earnings for the first quarter of 2021 of $5,262,879, a 56.3% increase over the first quarter of 2020. The reported earnings per share were $1.085 fully diluted compared to $0.679 fully diluted for the first quarter of 2020. Total assets ended the quarter at $1,238,292,086, a 30.2% increase over March 31, 2020.  The company said the large increases in both net income and total assets over the prior year were largely driven by governmental programs – both the Paycheck Protection Program (PPP) and other Federal stimulus payments. PPP fees of $1.87 million were recognized in the first quarter of 2021.

PlantX Life Inc (CSE:VEGA) (OTCQB:PLTXF) (FRA:WNT1) is celebrating Earth Day by launching PlantXBuddy, its new online plant-matching application designed to assist customers in choosing the indoor plants best suited to their preferences. To celebrate the April 22 global event, the company said it will display its passion for plants with its new PlantXBuddy online app, which allows consumers to swipe through numerous indoor plant options to learn more about each plant’s characteristics and “personality” and help them find the best fit for their home or office.

Esports Entertainment Group Inc (NASDAQ:GMBL) (FRA:40Y1) has announced that its VIE.bet brand will be the official sponsor of Beyond the Summit’s (BTS) upcoming CS:GO tournament, which is being held online from May 14 to May 30, 2021. The company said VIE.bet will be offering live odds and specials throughout the event as the tournament’s exclusive betting partner. “The Summit, produced by BTS, has always been an event that is exciting and entertaining across all esports communities,” VIE director Bux Syed said in a statement.

BioLargo Inc (OTCQB:BLGO) said that it has achieved a “critical technical milestone” in the development and commercialization of its Aqueous Electrostatic Concentrator (AEC), which eliminates a toxic soup of chemicals from water. The chemicals, resistant to breaking down in the environment, are known as per and fluoroalkyl substances, or PFAS. According to media reports, some have been linked to cancers, liver damage, low birth weight and other health problems. “This development, which involved a re-design of the AEC’s electrical configuration, dramatically improves its operating and maintenance costs,” noted the company. BioLargo said it can now “finalize agreements” for the technology’s “first demonstration pilots and commercial trials.”

Real Luck Group Ltd (CVE:LUCK) (OTCQB:LUKEF) has said it “welcomed” the announcement by the International Olympic Committee to launch the Olympic Virtual Series (OVS). The new gaming series is the first Olympic-licensed event for physical and non-physical virtual sports. The OVS will run just ahead of the upcoming Tokyo Olympic Games, from May 13 to June 23, 2021. The Tokyo Games are set to start on July 23.

Safe-T Group Ltd (NASDAQ:SFET) (TASE:SFET) announced that the company has been included in analyst firm Forrester’s New Tech: Zero Trust Network Access second-quarter report featuring 34 providers. Safe-T offers ZoneZero, a zero trust network access (ZTNA) solution that provides a transparent and simple deployment, the company said. It is designed with an innovative network-centric solution to implement identity-based segmentation and ZTNA for external users, as well as within corporate network VPNs, firewalls and application services. ZoneZero also provides seamless integration across all legacy infrastructure and authentication services. “We are honored to be recognized in the Forrester New Tech report for our ZTNA solution,” Safe-T CEO Shachar Daniel said in a statement. “We believe that it reflects our continuous efforts to provide the best zero-trust network access solution to the market.”

Fidelity Minerals Corp (CVE:FMN) (FRA:S5GM) (OTCMKTS:SAIDF) has reported positive sampling results from its wholly-owned Porphyritic copper project in Peru, despite a limited amount of work undertaken due to the coronavirus (COVID-19) pandemic. A team was mobilized for reconnaissance exploration and sampling during February 2021 but the program was cut short due to a sudden country-wide mandatory quarantine order. However, eleven rock samples were taken and highlight results showed anomalous copper concentrations reaching 1.94% of the red metal over 0.30 metres (m) in one canal sample and 1.56% copper over 0.60 m in another. The first sample was also characterized by an anomalous gold concentration of 0.82 grams per ton (g/t) gold, the company noted.

Western Magnesium Corporation (CVE:WMG) has announced the launch of a new division to lead formal sales and regulatory engagements with the public and private sector. The mineral company said its new Business Development and Government Affairs division will be led by Washington DC veteran and current Western Magnesium board member Peter O’Rourke. In a statement, Western Magnesium told shareholders that O’Rourke – who previously served as the acting secretary of the department of veterans affairs for the US government – is “uniquely qualified” to lead the division.

Lucky Minerals Inc (CVE:LKY) (OTCPINK:LKMNF) (FRA:LKY) said it has joined the Extractive Industries Transparency Initiative (EITI). The company said EITI is the global standard for the good governance of oil, gas, and mineral resources throughout the world, as it promotes the open and accountable management of a country’s natural resources. Lucky Minerals said EITI also is aligned with the Open Government Partnership in which Ecuador is a signatory to fight corruption and promote transparent, participatory, and accountable governance. To date, 55 countries have implemented the EITI standard and Ecuador joined the initiative in October 2020.

Global Energy Metals Corporation (CVE:GEMC) (OTCMKTS:GBLEF) has announced a $550,000 investment by two New York-based institutional investment management firms. The company said it will also amend the terms of its previously announced financing to increase the size of the offering to now allow for up to gross proceeds of a minimum $750,000 and up to $1 million, consisting of up to 4 million units on the same terms as announced on March 2. GEMC said this strategic investment, along with existing and new investor participation, will provide for it to execute on a number of corporate building initiatives — including an accelerated exploration program at the high-grade nickel-cobalt-copper Lovelock Mine project in Nevada.

Phyto Extractions Inc. (CSE:XTRX) (FRA:D2EP) – formerly, Adastra Labs Holdings Ltd. – has announced that it has received its R&D license addendum in Adastra Labs Inc. that will permit some limited human testing by licensed researchers administering or distributing cannabis to human research subjects using cannabis obtained from a holder of a license for processing in the final form of cannabis. This R&D license addendum will permit the company to conduct in-house human testing for taste of various cannabis products for assessment of taste, sights, smell, or touch of cannabis. “We look forward to initiating human-studies and generating valuable consumer-based data to support our product development pipeline and continue delivering high-quality efficacious cannabis products to Canadians.” said Dr Kyle Boniface.

Aligned with Albert Labs work on psilocybin for the treatment of cancer-related anxiety, a new Phase 2 clinical study published in the New England Journal of Medicine has produced new evidence for the effect of psilocybin on long-standing depressive symptoms. Conducted by a Team at Imperial College, London the six-week study found that the effects of psilocybin treatment on patients with moderate to severe depression were comparable to those of a commonly used antidepressant. Albert Labs chief medical officer Malcolm Barratt-Johnson believes the study is an important milestone in improving our understanding of the clinical benefit psilocybin therapy may bring to patients suffering from psychologically related illness. “This groundbreaking study from a distinguished team at Imperial College, London has demonstrated the important role psilocybin may have in the treatment of patients with long-standing moderate to severe clinical depression, a particularly difficult patient group to treat,” Barratt-Johnson told Proactive. “It shows the very real potential psilocybin has in psychological medicine.”

Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) has said it will release its financial results for the first quarter of 2021 on Thursday, May 13, before the market open. The company added that its management will host a conference call and webcast on the same day, Thursday May 13, at 8.30am Toronto time (ET) to discuss the results. The webcast can be accessed through the following link: https://edge.media-server.com/mmc/p/drgvvuhp. Analysts and investors are also invited to participate and ask questions using the following dial-in numbers: International: +1 646-741-3167; North American toll-free: +1 877-870-9135; UK toll-free: +44 (0) 8002796619; Confirmation Code: 7972969. The conference call and webcast will be available for playback on Endeavour’s website: https://www.endeavourmining.com/

BioHarvest Sciences (CSE:BHSC) has said it will be presenting at the Benzinga Cleantech Small-Cap Conference taking place on April 22, 2021. Investors can sign-up for a free spectator pass for the event at the following link: https://www.benzinga.com/events/small-cap/clean-tech/

Planet 13 Holdings Inc (CSE:PLTH) (OTCQB:PLNHF), a leading vertically integrated Nevada cannabis company, has revealed that it clocked up a record sales day on April 20, 2021 (420), by generating about $543,000 in single-day sales with gross margins during the month in excess of 50%. April 20, abbreviated 420 or 4/20 in the US, is considered the unofficial marijuana holiday and an occasion for celebrating the smoking of cannabis. Planet 13′s biggest claim to fame is its flagship, uber luxury SuperStore dispensary, the Planet 13 Cannabis Entertainment Complex located not far from the famous Las Vegas Strip. At 112,000 square feet, the SuperStore is the biggest cannabis store in the world, attracting 1 million visitors in 2019. 

Xigem Technologies Corporation (CSE:XIGM) (FRA:2C1), a tech provider for the huge and emerging remote economy, told investors that lawyer Avi Greenspoon has been appointed as the inaugural member of the company’s newly established advisory board. The new board will bring together members with a broad range of skills and experience to advise the firm on market and industry trends, with a focus on business development opportunities. Greenspoon is currently the executive vice-president and general counsel of III Dune Capital Partners Ltd, before which he was partner at Goodmans LLP, a pre-eminent Toronto law firm, where he specialized in corporate and securities law. He has previously served as a director on a number of public company and non-profit boards.

The Valens Company Inc (TSE:VLNS) (OTCQX:VLNCF) (FRA:7LV), a leading manufacturer of cannabis products, has announced its entry into the Yukon market with a cannabis purchase and sale agreement with the Yukon Liquor Corporation (YLC). The Kelowna, British Columbia-based company said the agreement allows for the sale and distribution of Valens-manufactured products to licensed cannabis retailers in Yukon and on Cannabis Yukon, Yukon Liquor Corporation’s e-commerce platform. Valens said it expects to bring a range of “Cannabis 2.0 and 3.0 products to the Yukon market,” which could include “vapes, concentrates, beverages, topicals and edibles,” expanding the variety of innovative formats available in the territory.

Lexaria Bioscience Corp (CSE:LXX) (OTCMKTS:LXRP) revealed that its first human clinical trial assessing its DehydraTECH CBD technology to treat high blood pressure – HYPER-H21-1 – is now officially underway.  It is the first of three clinical trials aimed at assessing this potential treatment, and dosing of human volunteers has begun, the company told investors. ”Dosing is expected to be completed, on schedule, within several weeks, and we may be in a position to report preliminary data in July or thereabouts,” said Chris Bunka, Lexaria CEO.

Great Bear Resources Ltd (CVE:GBR) (OTCQX:GTBAF) (FRA:0G6A) reported more good drill results from its LP Fault target in Red Lake, where the area of drill-defined continuous gold mineralization has been extended by about 25% in this year alone. The assays from 13 holes hail from the ongoing fully-funded C$45 million exploration program at the Dixie project in Ontario. The results continue to show excellent continuity of high-grade and bulk-tonnage gold mineralization at LP, which remains open in all directions. The holes all hit the fault from between 25 and 500 meters (m) vertical depth and along 1.7 kilometers (km) of strike.

Loop Insights Inc (CVE:MTRX) (OTCMKTS:RACMF) announced that it has joined the Oracle Partner Network (OPN), initiating a relationship with a leading provider of point-of-sale (POS) systems and cloud reporting. Being a part of the OPN enables Loop Insights to collaborate with one of the largest global POS providers for retail and hospitality and puts its Insights platform in front of thousands of retailers in the Oracle client base. This makes it easier for Oracle’s customers to work with Loop and get access to real-time data, multi-location reporting, and cross-channel marketing opportunities. Oracle is the second-largest POS provider in the world, representing 12% of the global market, according to a 2020 RBR POS report. The POS terminals market is experiencing huge growth, with a recent Researchandmarkets.com report predicting that the market will grow from US$68.2 billion in 2019 to US$149.4 billion by 2028.

Talon Metals Corp (TSE:TLO) (OTCMKTS:TLOFF) (FRA:TAO) reported a new round of drill results from its Tamarack nickel project showing good grades outside of the defined resource area. Assay results from three holes northeast of the resource included intersections of 5.3 meters (m) of massive sulphide nickel-copper mineralization grading 4.4% nickel and 1.5% copper starting at 135.3m. Other results included an interval of 1.8m grading 4.8% nickel and 1.9% copper starting at 193.9m and 2.3m grading 5.9% nickel and 2.4% copper starting at 191.3m. 

Versus Systems Inc (NASDAQ:VS) (CSE:VS) (FRA:BMVB) announced that its proprietary second-screen engagement platform will soon include alcohol-related products, promotions, and even prizing in some circumstances, which will enable a new category of advertising partner for live sports and other live events.  Versus said the new initiative is part of its Dynamic Regulatory Compliance engine beginning in July, which is aiming to capture a portion of the multibillion-dollar annual alcohol advertising market. “Alcohol-related advertising is one of the largest and also most closely-watched categories of ads – not only online but also in streaming, OTT, and broadcast media. Managed effectively, and targeted correctly, this category can help unlock a portion of the more than one trillion dollars that is spent on alcohol worldwide each year,” Versus Systems CEO Matthew Pierce said in a statement. 

Revive Therapeutics Ltd (CSE:RVV) (OTCMKTS:RVVTF) (FRA:31R) announced the filing of a provisional patent application with the US Patent and Trademark Office (USPTO) for an oral thin-film (OTF) delivery system featuring psilocybin after a successful research study.  The OTF, developed through a research partnership agreement with Reed Research Group at the University of Wisconsin-Madison, offers a unique delivery of psilocybin as a potential treatment option for mental illness, neurological and substance abuse disorders. The study determined that psilocybin could be incorporated into chitosan-tannin composite hydrogel solutions, which are cast into molds to form stable flexible thin films that then release the psilocybin when dissolved in water. The OTF psilocybin product dissolved in water in less than five minutes with dosage forms ranging between 1 milligrams (mg) and 20 mg.

GlobeX Data Ltd (OTCQB:SWISF) (CSE:SWIS) announced that it has received final approval from a telecommunications operator in South Asia for its Sekur email and messaging system. The Toronto and New York-based company said it had reached an agreement with the telecom operator to distribute Sekur in the region. GlobeX said it is reviewing the agreement to make sure it is in accordance with all items negotiated and is expected to sign the deal by the end of the week.

Japan Gold Corp (CVE:JG) (OTCQB:JGLDF) (FRA:2LD) has reported high-grade exploration results from the Togi project, on Honshu Island – one of the projects under its alliance with mining major Barrick. In November last year, the alliance collected 412 rock samples and 88 bulk leach extractable gold analysis (BLEG) samples across the project. Of those 412, the firm said 235 samples assayed saw gold greater than 0.5 grams per ton (g/t) gold, with 91 assaying greater than 5 g/t of the yellow metal.

Marble Financial Inc (CSE:MRBL) (OTCMKTS:MRBLF) (FRA:2V0) has announced the launch of an affiliate marketing program with Fintel Connect, a leading performance marketing company serving the financial services and fintech space. Marble said it is expanding by utilizing Fintel Connect, which has a 1,200-plus publisher network, as the tie-up will allow Marble to grow its affiliate marketing program to help even more Canadians access MyMarble’s AI-based software products on the MyMarble platform. Fintel Connect’s publishing network features the best performing websites, bloggers, podcasters, and more, specializing in financial services to help Marble accelerate user and revenue growth, the company added.

Alternus Energy Group PLC (NOTC:ALT) named industry veteran Gary Swan as its chief technical officer, as the fast-growing independent power producer expands its footprint across Europe.  “Swan will join the executive management team filling a critical and strategic role for the business in supporting its goal of becoming one of the largest pan-European solar operators by 2030,” said the company. Swan is an experienced renewables senior manager and has been working in the international power and construction sectors for over 20 years, in the areas of design, construction, operation and the sale of renewable energy assets across Europe, Africa, North and South America. 

LeanLife Health Inc (CSE:LLP) (OTCQB:LNLHF) (FRA:LL1) has announced that the first containers of Mike Tyson-branded energy drink from FoodCare Group have cleared customs in Los Angeles. The company said the product cleared customs on April 16 and is making its way to its distribution facility in Arizona. ”This is a new product in the US marketplace, a product of great quality, combined with legendary Mike Tyson’s branding, and our experienced sales and distribution team expect a great start,” said CEO Stan Lis in a statement. 

Jack Nathan Medical Corp. (CVE:JNH) (OTCQB:JNHMF) has announced that its shares have received full-service DTC (Depository Trust Company) eligibility in the US. DTC eligibility is expected to simplify the process of trading and enhance liquidity for the company’s common shares. As a result, US investors will now more easily be able to trade Jack Nathan Health’s OTCQB listed stock under the trading symbol JNHMF. “DTC eligibility is another milestone for Jack Nathan Health,” said George Barakat, chief executive officer of Jack Nathan Health. “We anticipate increased interest from US investors as DTC eligibility makes it easier to purchase our shares. This is another example of Jack Nathan Health moving forward on all fronts, as it works to build out a growing network of state-of-the-art medical clinics and ancillary services such as physiotherapy, Medispa and digital healthcare.”

Atlas Engineered Products Ltd. (CVE:AEP) (OTCMKTS:APEUF) said it has granted a total of 350,000 incentive stock options to its directors and officers in accordance with the company’s stock option plan.  Each option is exercisable into one common share of the company at a price of $0.29 per share, being the closing price of the company’s common shares on the TSX Venture Exchange on April 20, 2021.  The options will vest and become exercisable in equal 1/3 tranches every 6 months over a period of 18 months from the grant date and will expire on April 21, 2026.

IEC Electronics Corp. (NASDAQ:IEC) has announced that it will host a conference call on Wednesday, May 5, 2021, at 10.00am Eastern Time, to discuss its financial results for the fiscal second quarter of 2021, ended March 31, 2021. The conference call may be accessed in the US and Canada by dialing toll-free (877) 407-9210. International callers may access the call by dialing (201) 689-8049. A replay of the teleconference will be available for 30 days after the call and may be accessed domestically by dialing (877) 481-4010 and international callers may dial (919) 882-2331. Callers must enter conference ID: 40935. To access the live webcast, log onto the IEC website at http://www.iec-electronics.com. The webcast can also be accessed at https://www.webcaster4.com/Webcast/Page/2149/40935. An online replay will be available shortly after the call.

Real Luck Group Ltd. (CVE:LUCK) (OTCQB:LUKEF) has announced that its CEO Quentin Martin will present live at VirtualInvestorConferences.com on April 29, 2021, at 3.00pm, via the following link: https://bit.ly/2QfbeEE. 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. To learn more about the event at www.virtualinvestorconferences.com.

MagicMed Industries Inc. has said it will be participating at Shroomstocks.ca’s Ask Me Anything (AMA) event on Tuesday, April 27, 2021, at 2pm EST.  The company added that its CEO Dr Joe Tucker will be answering audience questions regarding the company, the Psybrary, PsyAI and the psychedelics industry. The event is live now and users on Reddit can submit questions and follow the company under u/MagicMedInd between now and Tuesday using the following URL link: https://www.reddit.com/r/shroomstocks/comments/muwpj3/hi_reddit_this_is_dr_joseph_tucker_president_and/

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 U.S. and global securities, has announced that Doré Copper Mining Corp. (TSX-V: DCMC) (OTCQX: DRCMF), a copper-gold explorer and developer, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTCQB Venture Market. The OTCQX Market is designed for established, investor-focused US and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors. “Upgrading to the OTCQX Best Market is another important step in providing Doré Copper access to a broader US investor audience and further raising the Company’s profile as we advance our key brownfield copper-gold projects in Québec towards development and production” said Ernest Mast, president and CEO of Doré Copper.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/947396/na-proactive-news-snapshottodos-medical-chesapeake-financial-plantx-life-esports-entertainment-update--947396.html


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