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NA Proactive news snapshot: Vuzix, Cardiol Therapeutics, AgraFlora Organics, ImagineAR, LexaGene, Cloud Nine Web3 UPDATE...

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Vuzix Corporation (NASDAQ:VUZI) announced Thursday it has closed on an underwritten public offering that raised about $97.75 million. The New York-based company said it intends to use the net proceeds for general corporate purposes. That includes working capital to accelerate the building of finished goods inventory to address increasing customer demand, new technology development, new product development, purchases of technology, expansion of its software offerings, and possible acquisitions of other firms. Under the offering, Vuzix sold 4,768,293 shares at $20.50 each, including an extra 621,951 shares pursuant to the full exercise by the underwriters of their over-allotment option. 

Cardiol Therapeutics Inc (TSE:CRDL) (OTCQX:CRTPF) (FSE:CT9) capped off a busy year with a strengthened cash balance of C$14.0 million. The pharmaceutical firm had a busy 4Q, having commercially introduced its THC-free (<10ppm) extra-strength oral cannabidiol formulation Cortalex and completed a Phase 1 study of CardiolRx. In a statement Thursday morning, CEO David Elsley called 2020 an exciting year for the Oakville, Ontario-based company.

AgraFlora Organics International Inc (CSE:AGRA) (FRA:PU31) (OTCPINK:AGFAF), the cannabis-focused company, said it had struck a definitive agreement to sell its non-core wholly-owned subsidiary AAA Heidelberg Inc (AAA) for around C$1 million in cash. AAA operates an 8,800 square foot (sq ft) indoor growing facility in London, Ontario and the closing of the deal is expected to occur in the second quarter of 2021.

ImagineAR Inc (CSE:IP) (OTCQB:IPNFF) announced Thursday that 13 sport teams, federations and media broadcasters selected the company during the Hype Sports Innovation Draft Day on March 31. “Today’s Hype Sports Innovation Draft Day was a historic event for the stakeholders of ImagineAR that goes beyond the selection of 13 rights holders representing a worldwide list of sports federations, teams, and media broadcast groups,” said Neal Bendesky, ImagineAR’s vice president of sports, said in a statement. Thanks to Hype, Bendesky said the company can now brand and activate its AR solutions for its worldwide clients including Sinclair Broadcast Group, Vegas Knights, Philadelphia Phillies, and Minnesota Vikings, among others.

LexaGene Holdings Inc (CVE:LXG) (OTCMKTS:LXXGF) founder CEO Dr Jack Regan told shareholders on that the company was ramping up manufacturing of its MiQLab systems. The Beverly, Massachusetts-based company’s MiQLab system delivers excellent sensitivity, specificity, and breadth of detection, and can test for 27 pathogens and return results in about one hour versus one-to-three days at a lab. Founder CEO Dr Jack Regan told investors the firm has built 20 MiQLab systems and has enough parts in-house, or on order to build an additional 70 systems. In a letter to shareholders, Regan said LexaGene had scaled up manufacturing in late-2020 and early-2021.

Cloud Nine Web3 Technologies Inc (CSE:CNI) (OTCMKTS:CLGUF)  announced Thursday that its common shares have commenced trading on the Frankfurt Stock Exchange under the ticker symbol “1JI0”. “We are pleased to be able to provide and grow Cloud Nine’s awareness to a wider audience in Europe, North America and internationally, on the Frankfurt Stock Exchange platform,” said Cloud Nine President Sefton Fincham. The listing on the Frankfurt exchange is viewed by management as a good opportunity to increase trading liquidity and facilitate investment to our growing shareholders throughout Europe. The company’s common shares continue to be listed on the Canadian Securities Exchange under the symbol “CNI”.

Milestone Scientific Inc (NYSEAMERICAN:MLSS) posted fourth-quarter results on that saw its revenue rocket 78%, compared to the third quarter thanks to its growing dental business and flourishing distribution network. For the period ended December 31, 2020, the Roseland, New Jersey-based developer of computerized drug delivery instruments that provide painless and precise injections, reported a $1 million, or 78% sequential gain in revenue, compared to the third quarter of 2020. Meanwhile, full-year revenue for the year ended December 31, 2020 was $5.4 million, compared to $8.3 million in the year ended December 31, 2019. The company said revenue decreased due to the impact of the coronavirus (COVID-19) pandemic on the company’s customers and other business partners.

Neo Lithium Corp (CVE:NLC) (OTCQX:NTTHF) (FRA:NE2) said it has filed and obtained a receipt for a final short form prospectus in the provinces of Ontario, Alberta, British Columbia and Nova Scotia in connection with its previously completed private placement of 9.9 million special warrants for gross proceeds of $30.2 million. As a result of obtaining the receipt, the special warrants shall be deemed to be exercised, and 9.9 million underlying shares will be issued, effective at 9 AM EDT on April 6. The company also announced that it has filed a revised annual information form for the year ended December 31, 2019, and an amended technical report for the company’s 3Q Lithium Project following a review of the company’s preliminary prospectus filed in connection with the offering. The AIF has been revised to include additional disclosure about the prevailing global lithium price environment to provide readers with additional context for the use of the lithium price sensitivity analysis in the 3Q report. The company also said it expects to commission a new long-term lithium carbonate price forecast for the economic assumptions in the expected definitive feasibility for the 3Q Project.

American Battery Metals Corporation (OTCQB:ABML), which is in the process of changing its name to American Battery Technology Company (ABTC), announced that Nick Copping has joined the company’s Advisory Board.  Copping, who is a Senior Fellow at the Ponemon Institute, is a former senior research director at NASA’s Jet Propulsion Laboratory and has previously worked as a director of corporate engineering for Hewlett-Packard. He also co-founded ZOOM Marketing in 1996, after which he became a partner at Microsoft, where he developed the Microsoft Global SI strategy. 

Bragg Gaming Group Inc (TSE:BRAG) OTCMKT:BRGGF) (FRA:SL4A) announced Thursday that wholly-owned subsidiary ORYX Gaming will take its exclusive RGS content live across Dazzletag’s numerous brands. The company said the unique content from ORYX’s RGS providers, including GAMOMAT, Kalamba Games, Givme Games, Golden Hero, CandleBets, and Peter & Sons will be made available on Dazzletag’s online casinos. ORYX’s diverse RGS portfolio offers operators a great mix of classic and innovative titles with a wide player appeal. Bragg also said that ORYX’s RGS content will initially be rolled out with Dazzletag’s MGA licensed brands, such as FruitKings, Play Sunny, and My Jackpot Casino, and will later go live in the UK market. The content will be made available via Microgaming’s award-winning content aggregation platform, which provides access to hundreds of the industry’s leading online casino brands in key markets.

Dalrada Financial Corp (OTCQB:DFCO) said due to the growing need for precision medicine, it is entering the global genomics market with the launch of its subsidiary Dalrada Health’s product portfolio, Empower Genomics. The company said Empower is producing and providing a custom-labeled suite of tests, including pharmacogenomics (PGx) and testing analysis for alternative therapies such as nutraceuticals, nutrition/diet, and exercise/fitness. 

HealthLynked Corp (OTCQB:HLYK) reported its fourth-quarter and full-year financial results after the bell Wednesday, revealing annual revenue growth of 53% and a narrowing net loss. The global healthcare network company posted revenue of just under $1.6 million in the three months ended December 31, a 36% increase from nearly $1.2 million in the same period of 2019. Net loss decreased 22% to $1.9 million from almost $2.5 million over the same period.  For the year, revenue jumped 53% to $6.1 million in 2020, from just above $4 million in 2019. The company improved to a positive net equity of $1.35 million at year-end 2020, up from negative net equity of $2.8 million at the end of 2019. 

Delta 9 Cannabis Inc (TSE:DN) (OTCQX:DLNTF) posted strong quarterly and year-end results on Wednesday evening including a company-record 4Q revenue of $14.2 million and $52 million for the year. The quarterly figure was a 34% increase compared to the $10.6 million in the year-ago quarter, while the firm’s 2020 revenue total was up 64% from 2019 levels of $31.8 million. Winnipeg-based Delta 9 saw its retail sales increase by 109% in 2020 to $32.2 million, while its wholesale and B2B numbers also increased compared to 2019.

Plurilock Security Inc (CVE:PLUR) (OTCQB:PLCKF) said it has completed its previously-announced acquisition of Aurora Systems Consulting Inc, a California-based provider of advanced cybersecurity technology and services. Aurora Systems Consulting, which generated revenue of US$28.1 million in 2020, is expected to provide Plurilock with a diversified client base of more than 140 tier-1 organizations as well as numerous prominent master service agreements with state and federal agencies in the US.

GoviEx Uranium Inc (CVE:GXU) (OTCQB:GVXXF) (FRA:7GU) has engaged Christopher Mark Lewis to head its uranium marketing efforts. “Chris brings considerable experience in uranium marketing to the GoviEx Team,” said CEO Daniel Major in a statement Thursday. “Having recently updated our pre-feasibility study for the Madaouela Uranium Project and given our positive outlook for the uranium market, we are focused on putting in place the key areas necessary to support the future development of Madaouela – including technical capabilities to advance our efforts around, the completion of the future feasibility study, and financial and marketing expertise to enhance our access to future project financing and uranium offtake and contracting arrangements.” GoviEX said Lewis has over 28 years of experience managing the sale and marketing of uranium and nuclear fuel conversion services to nuclear fuel buyers in Europe, Asia, and the Americas.

Nano One Materials Corp (CVE:NNO) (OTCPINK:NNOMF) (FRA:LBMB) has closed its previously announced bought deal financing, the company announced Thursday, generating gross proceeds of $28.9 million for expansion of its pilot plant and additional research and development (R&D). The technology company, which has a patented and scalable industrial process for the production of low cost, high-performance cathode materials used in lithium-ion batteries, issued 5.4 million shares at an offering price of C$5.35 per share, including 705,000 common shares issued as part of an over-allotment option. 

Snowline Gold Corp (CSE:SGD) investor 18526 Yukon acquired 1.85 million shares of the company on March 31. The move increases 18526’s ownership stake to 30.69% from 28.63%. The acquisition was made for investment purposes, the company said. Vancouver-based Snowline is a Yukon Territory focused gold exploration company with a seven-project portfolio covering over 70,000 hectares, including its flagship 64,000-hectare Einarson and Rogue gold projects in the territory’s Selwyn Basin.

The Valens Company Inc (TSE:VLNS) (OTCQX:VLNCF), a cannabis product manufacturer, said it will issue its first quarter 2021 financial results for the period ended February 28 after market close on Wednesday, April 14. The company will host a conference call at 11 am ET on April 15, during which CEO Tyler Robson, CFO Chris Buysen and others will discuss the results and the company’s business outlook. Those interested can dial toll-free 1-877-407-0792 or toll/international 1-201-689-8263.

Pure Gold Mining Inc (CVE:PGM) (LON:PUR) (OTCMKTS:LRTNF) (FRA:L11A) updated on the positive ramp-up of its mine in Red Lake in the first quarter of 2021, as it continues towards declaring commercial production at the asset in Ontario. Gold recoveries have been exceptional since the first gold pour in December last year, the company said, while the ramp-up at the processing mill is now complete, operating, as it is, at more than 75% of nameplate capacity. In the statement, the gold producer also announced it had struck a deal to amend and increase its debt financing with Sprott of up to US$20 million, with US$12.5 million to be available immediately on closing.

KWESST Micro Systems Inc (CVE:KWE) (OTCQB:KWEMF) announced that shareholders approved all the resolutions detailed in its management information circular at its 2021 virtual annual and special meeting on Wednesday. The resolutions included electing all nominees to the board of directors; appointing KPMG LLP as auditor for the ensuing year and authorizing the directors to determine the auditor’s compensation; and approving a long-term incentive plan. KWESST also told investors that its $1.1 million contract with the US military for a TASCS (Tactical Awareness Situational Control System) IFM (Integrated Fires Module) for an 81 millimeter mortar is progressing on schedule and on budget. The company will now proceed to the next phase, which involves live-fire trials at US military bases with full delivery of the contract expected in the current fiscal year.

Nova Royalty Corp announced that Brian Ferrey is joining the company as vice president of corporate development and strategy. Ferrey has been involved with the company in an advisory capacity since 2018. He brings a broad network and significant experience across capital markets and mining finance and has been involved with more than $2 billion in mining royalty and streaming transactions. Prior to joining Nova, Ferrey was a director at CIBC Capital Markets Investment Banking in Vancouver, where he specialized in the metals and mining sector. The Company also said its common shares have been made eligible for Depository Trust Company (DTC) services in the US, which the company expects to simplify the process of trading and enhance liquidity of its common shares, the company said. 

Kenorland Minerals Ltd (CVE:KLD) (FRA:3WQ0), a mineral exploration company, announced that its common shares are now listed on the Frankfurt Stock Exchange (FSE) under the trading symbol 3WQ0. The FSE is the largest exchange in Germany and one of the largest in the world in terms of trading volume and market capitalization. “We’re very excited to be listed on the FSE,” CEO Zach Flood said in a statement. “With a commitment to building shareholder value, Kenorland will continue to grow its awareness in the European market which has a knowledgeable investor base that is traditionally very active in the junior resource sector.”

Alpine 4 Holdings Inc (OTCQB:ALPP) announced Thursday that its subsidiary Excel Fabrication was awarded $1.3 million in new contracts during the month of March to close out the first quarter. These new projects, in the states of Idaho, Oregon and Washington, are for clients in the food processing industry, a major discount retailer and a state government agency, among others. The new work has led to the company hiring in several areas to fulfill the exponential growth currently being experienced, the company said.

Naturally Splendid Enterprises Ltd (CVE:NSP) (OTCQB:NSPDF) said it was moving towards selecting subjects for the Health Canada approved Phase 2 clinical trial of Cavaltinib as a potential treatment for coronavirus (COVID-19) as final preparation and planning is now complete. The trial will be run through Plasm Pharmaceutical, which is a joint venture between the health-food focused company and  Biologic Pharmamedical. In November, 2020, the group announced it had received the go-ahead from Health Canada to proceed with the Phase 2 trial. Group Inc (OTCQB:RCRT) announced its CEO Evan Sohn will present the results of the company’s Recruiter Index for March 2021 live on CNBC this Thursday, April 1, on “The Exchange,” which airs 1PM to 2PM ET. The Recruiter Index is a survey of the recruiter network, which is comprised of more than 27,750 small and independent recruiters. It has a successful track record of forecasting the Labor Department’s jobs report by relying on recruiters’ sentiment, the company said. “We are generating a wealth of data across the business landscape as our network continues to grow, providing strong insight into areas of the economy that show the most growth potential. I am excited to again share the latest results with the CNBC audience,” Sohn said in a statement Thursday.

Nextleaf Solutions Ltd (CSE:OILS) (OTCQB:OILFF) announced Thursday that it has commenced human trials of cannabis vapes. Under its amended Cannabis Research Licence from Health Canada, the company said it is collecting sensory evaluation data from qualified volunteers completing organoleptic assessments of a wide variety of formulated cannabis vape products. Nextleaf said it is comprehensively testing a range of cannabinoid and terpene formulations, including how various vape hardware interacts with different formulations. It expects to accelerate product development and drastically shorten design cycles for launching new cannabis vape products by validating formulations and delivery technologies more efficiently.

PyroGenesis Canada Inc (TSE:PYR) (NASDAQ:PYR) (FRA:8PY) announced strong year-end results on Wednesday evening that saw the company deliver nearly $42 million in earnings during the year. The technology company’s 2020 revenue came in at $17.8 million, a 269% increase over the $4.8 million it put up in 2019. What’s more, the Montreal-based firm swung to a profit, posting net earnings of $41.8 million or $0.28 per share compared to the $9.2 million loss or $0.07 per share in FY2019.

CytoDyn Inc (OTCQB:CYDY), a biotechnology company developing its flagship drug Vyrologix (leronlimab-PRO 140) for multiple indications, revealed Thursday that after several weeks of discussions with the US Food and Drug Administration (FDA), and analysis of CD12 trial data, it has filed a new protocol to extend treatment to four weeks. This decision comes after Vancouver-based CytoDyn shared positive data on Tuesday from its CD12 trial of leronlimab in severe-to-critical coronavirus (COVID-19), revealing that the drug decreases mortality by 82% after two weeks of treatment among critical patients. 

Los Andes Copper Ltd (CVE:LA) (OTCMKTS:LSANF) (FRA:L41A) has welcomed the final results of metallurgical testing on ore from its Vizcachitas porphyry project in Chile, which confirmed that a future mine could produce “clean and high-quality” copper concentrate. The work was part of the ongoing pre-feasibility study (PFS) for the asset, which is set to become the South American country’s next copper mine, and showed copper recovery of 91.4% and that a high-quality clean copper concentrate at 24.5% could be generated.  

Nextleaf Solutions Ltd (CSE:OILS) (OTCQB:OILFF) (FRA:L0MA) has closed a private placing with an institutional investor, raising C$3 million gross, which it says will be used to enhance the company’s automation and additional manufacturing capabilities in 2021. The financing is in the form of a senior secured convertible note of the company in the principal amount of C$3.3 million and a warrant to purchase up to 6.875 million Nextleaf shares.

Todos Medical Ltd (OTCQB:TOMDF) announced Thursday the successful installation of automated lab equipment and the completion of training for New Jersey-based lab client Meadowlands Diagnostics. The solution is expected to be instrumental in helping Meadowlands Diagnostics with new contracts entered into with skilled nursing facilities, ambulatory surgery centers, local schools, and first responders. As the provider of PCR testing supplies to Meadowlands Diagnostics, Todos added that it expects to see a progressive increase in sales to this client in the second half of 2021 and into 2022 as the lab seeks to grow its PCR testing business. By implementing the automation solution, Todos said Meadowlands Diagnostics now has a capacity of 6,000 PCR tests per day, with the potential to quickly expand to up to 12,000 PCR tests per day. 

Trillion Energy International Inc. (CSE:TCF) (OTCMKTS:TCFF) (FRA:3P2N), which is building an integrated oil and gas portfolio along the Black Sea, revealed that it has settled a total of $749,771.20 in outstanding debt through the issuance to certain creditors of 1,874,428 common shares at a deemed issue price of $0.40 per common share. The securities issued in connection with the debt settlement will be subject to a four-month hold period in accordance with applicable securities laws. The Canadian natural gas and oil producer is focused on international markets with several oil and gas assets in Turkey and Bulgaria. It is a 49% owner of the SASB natural gas field, one of the Black Sea’s first and largest natural gas development projects.

Codebase Ventures Inc (CSE:CODE) (FRA:C5B) (OTCQB:BKLLF) on Thursday provided an update on the continued development of its proposed transdermal delivery technology for hydroxychloroquine (HCQ). The company said it had engaged TRPL (Transdermal Research Pharm Laboratories) of Long Island City, New York, to conduct a feasibility study — which indicates that HCQ has all the required parameters to be a transdermal candidate. Moreover, in recognition of the potential value of this legacy asset and in light of the company’s current focus on the blockchain and related emerging technology ecosystem, Codebase said it is investigating spinning out its interest in the transdermal delivery technology for HCQ. Codebase said details on any such spin-out will be provided in the coming weeks as it explores deal structures with its partners to ensure its shareholders benefit.

CytoDyn Inc (OTCQB:CYDY), a biotechnology company developing its flagship drug Vyrologix (leronlimab-PRO 140) for multiple indications, said CEO Nader Pourhassan, Chairman Scott Kelly, COO Christopher Recknor, and Mahboob Rahman, the Chief Scientific Officer, will host an investment community webcast on Tuesday, April 6, 2021. Management will provide a full update to its stockholders on company activities, including recent COVID-19 initiatives and information concerning its active trials in COVID-19, NASH and cancer. Management will provide approximately 60 minutes to address questions submitted online by analysts and investors. Prior to the webcast, questions can be submitted online to [email protected]

Biocept Inc (NASDAQ:BIOC) (FRA:B003) will host a webinar featuring leading neuro-oncologists to discuss the use of its proprietary cerebrospinal fluid (CSF) assay for diagnosing and managing tumors that have metastasized to the central nervous system (CNS), including the brain or spinal column. The company said its CSF assay provides enhanced sensitivity compared with CSF cytology, the current standard-of-care, and has the added advantage of identifying actionable molecular targets for use in treatment decisions while providing quantitative information needed for assessing treatment response and monitoring disease progression. The webinar will be held on April 8 at 12 pm ET.

KushCo Holdings Inc (OTCQX:KSHB) said it is scheduled to host a conference call and webcast on Thursday, April 8, 2021 at 4:30 pm ET to discuss its financial and operational results for the fiscal second quarter to February 28, 2021.  The results will be announced after market close on April 8. Details are: Toll-free Number: 1-877-407-9124; International Number: 1-201-689-8584; Webcast Link: Here

Pacton Gold Inc (CVE:PAC) (OTCPINK:PACXF) (FRA:2NKM)  said the TSX Venture Exchange has accepted for filing the company’s proposal to issue 100,000 common shares in consideration of a finder’s fee owed to Cobra Investments (Aust) Pty. Ltd. in connection with the disposition of the company’s 75% interest in three Western Pilbara gold properties to Raiden Resources Ltd.

GlobeX Data Ltd (OTCQB:SWISF) (CSE:SWIS) (FRA:GDT) reported that it has completed its previously-announced C$1.2 million non-brokered private placement equity financing, after issuing 4,076,400 units of the company at a price of C$0.30 per unit. The company said the proceeds will be used primarily for operational sales and the marketing of its Sekur security solution, offering secure email, instant messaging and file sharing, as well as any other marketing-related activity for sales in Canada, the US, Latin America and South Asia. 

Steppe Gold Limited (TSE:STGO) (OTCQX:STPGF) announced the filing of a technical report on its 100% owned Altan Tsagaan Ovoo (ATO) Project in Mongolia for the updated mineral resource estimate announced on February 24, 2021. The report is available under the company’s profile on SEDAR at and on the company’s website at

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