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NA Proactive news snapshot: Fortitude Gold, FansUnite Entertainment, Bam Bam Resources, Jack Nathan Medical …

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Fortitude Gold Corp (OTCQB:FTCO) reported its first results as a standalone public company showing sales of $20.7 million and a net profit of $2.4 million from its Nevada gold operations. The revenue bump came thanks to an increase in production from its Isabella Pearl mine, which produced 11,572 gold equivalent ounces during the three-month period ended March 31, 2021, compared to the 3,814 ounces it produced in the same year-ago period when it was part of Gold Resource Corporation (NYSEAMERICAN:GORO) (FRA:GIH). Fortitude was spun out of Gold Resource Corporation at the end of 2020.

FansUnite Entertainment Inc (CSE:FANS) (OTCQB:FUNFF) (FRA:4UY) announced that it has struck a brand partnership with Cash Live Inc to launch FansUnite branded live games on the Cash Live mobile app. The Vancouver, British Columbia-based sports and entertainment company has a minority interest in Cash Live, a tech start-up that offers a new and popular poker and social casino game show platform. Cash Live is a free-to-play gaming app that is designed for mobile devices and features daily live-streamed poker game shows paying out real cash to its winners. After successfully completing the SnapChat Accelerator program, Cash Live has been launched on iOS devices in the US, Canada and Mexico with live games 7 days a week, twice a day at 3:00pm and 6:00pm PT.

Bam Bam Resources Corp (CSE:BBR) (OTCPINK:NPEZF) (FRA:4NPB) has welcomed the findings of a property wide drone survey undertaken this year over its flagship Majuba Hill project in Nevada, USA, which showed the size of the potential copper deposit may be bigger than previously thought. The survey, carried out by Zonge International, collected 196,532 readings on east-west lines spaced 150 meters apart and results were merged with the 2018 ground survey. The data showed that the “Tertiary Intrusive Assemblage” at Majuba Hill is at least 2.5 times’ larger than the geologic mapping indicated, which, said Bam Bam CEO David Greenway was “extremely encouraging”.

Jack Nathan Medical Corp. (CVE:JNH) (OTCQB:JNHMF) has announced the opening of three new locations in Walmart Canada Supercentres in Western Canada, with two locations opening in Alberta, at St Albert and Edmonton, and one in British Columbia, at Victoria. “These larger footprint medical centres continue to expand our presence in Western Canada and position Jack Nathan Health as a provider of accessible healthcare across the country, in all types of communities. Jack Nathan Health, in partnership with Walmart Canada, is positioned as a provider of choice, for our ability to quickly open and operate state-of-the-art clinics and medical centres,” said George Barakat, chairman and CEO of Jack Nathan Medical. ”Each of these medical centres also has the ability to expand out and add additional services, further driving future growth,” he added.

Bragg Gaming Group (TSE:BRAG) (OTCMKTS:BRGGD) has announced that it is acquiring Nevada gaming company Spin Games LLC in a bid to fast track its growth in the US iGaming market. The US$30 million cash and share deal sees Bragg acquiring Spin, a Reno-based B2B gaming technology and content provider. Bragg told investors that the deal is “compelling” for its strategic and financial goals and consistent with its previously communicated strategy to grow its US operations.

Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) (FRA:6ZY) told investors it believes it has sufficient cash to fund its operations well into the first half of 2024 after the company reported cash and equivalents of $93.1 million on hand at the end of the first quarter. In a business update for the three months ended March 31, the company reported that cash on hand increased 57% year-over-year from $59.2 million at the end of the first quarter last year. In the first quarter, the company sold and issued 10.2 million shares of common stock at a weighted average selling price of $4.22 per share, resulting in net proceeds of $42.2 million. 

Versus Systems Inc (NASDAQ:VS) (CSE:VS) (FRA:BMVB) revealed that it has struck a definitive agreement with Xcite Interactive, an audience engagement focused interactive gaming, animation, and production company, to acquire 100% of its capital stock in a cash and stock deal. Xcite, a leader in interactive audience engagement, has worked with over 150 teams across the NFL, NBA, NHL, and MLB as well as the World Cup and other live events. It has relationships with dozens of teams and content partners that will now be able to access Versus’ patented rewards platform inside their apps, streams, and broadcasts. “This merger will allow us to build the next generation of audience engagement products,” Versus founder and CEO Matthew Pierce said in a statement.

Algernon Pharmaceuticals Inc (CSE:AGN) (FRA:AGW) (OTCQB:BTHCF) reported potential recent findings, which could be positive for its ongoing Phase 2 clinical trial of Ifenprodil for idiopathic pulmonary fibrosis (IPF) and chronic cough. In its recent Ifenprodil Phase 2b/3 trial for coronavirus (COVID-19), the drug candidate reduced interleukin 6 (IL-6) with ‘statistical significance’, the biotech said in a statement. “The effects of Ifenprodil on IL-6 may be helpful in better understanding its potential role as a possible therapeutic treatment for IPF,” it added.

VolitionRx Limited (NYSEAMERICAN:VNRX) has issued a business update for the first quarter, revealing $33.1 million in cash on hand, up from $19.4 million at the end of the same quarter of 2020, and discussing major developments on its four key projects. The balance sheet was boosted to the tune of $20.3 million by an underwritten public offering in February, in addition to periodic sales of common stock under the company’s at-the-market equity distribution program.

QC Copper and Gold Inc (CVE:QCCU) (OTCMKTS:QCCUF) has unveiled more drill results from the ongoing drilling at its flagship Opemiska copper-gold project in Quebec ahead of a resource estimate earmarked for completion this summer. The assays come from the first nine holes of the program, which is now 90% complete, and are aimed at validating and defining a near surface bulk tonnage resource.

HempFusion Wellness Inc (TSE:CBD.U) (OTCQX:CBDHF) (FRA:8OO) said it has received a $216,000 purchase order from a long-standing customer based in Dubai, the first significant purchase order the company has received in more than a year. HempFusion said the multi-billion-dollar Dubai-based company has been a customer for over six years and distributes products throughout the Middle East, primarily in the United Arab Emirates.

Idaho Champion Gold Mines Canada Inc (CSE:ITKO) (OTCQB:GLDRF) (FRA:1QB1) said it had kicked off 2021 fieldwork at its Champagne gold project in Butte County, Idaho, with mapping and sampling already underway. The company has already sited drill locations to test the NW anomaly, while access roads and drill pads will be constructed when final approval is received from the Bureau of Land Management. Core drilling is slated to start in July this year. 

Renforth Resources Inc (CSE:RFR) (OTCPINK:RFHRF) (FRA:9RR) has reported results from the first hole of its 2021 program at the company’s flagship Parbec open pit gold deposit in Quebec. The hole was a shallow 123 metres (m) hole, entirely within the NI 43-101 May 2020 open pit resource estimate and was a successful “twin” of another hole, supporting 1993 data, whose results were not used in last year’s resource estimate. 

Ayurcann Holdings Corp. (CSE:AYUR) has announced a new exclusive partnership with Kindred Partners Inc., a Toronto-based specialty cannabis brokerage serving the adult recreational use market, which allow the company greater access to the recreational cannabis market. “With this new arrangement, we are poised to grow faster than ever,” said Igal Sudman, CEO of Ayurcann in a statement. “Kindred’s commitment to education and strong relationships with the provincial boards nationwide, will allow for more consumers to come to know the quality of our products.” Kindred Partners is a Canadian-owned full-service sales brokerage firm that partners with industry-leading cannabis licensed producers, retailers, and government agencies to support and grow the cannabis industry. The firm is a wholly-owned subsidiary of Breakthru Beverage Group, LLC and has deep roots and experience in effectively managing distribution agreements in highly regulated industries.

Dalrada Corporation (OTCQB:DFCO) announced that Kyle McCollum has accepted the role as the company’s chief financial officer. Holding nearly two decades of experience in domestic and international business with a focus on accounting, finance, and management, McCollum’s background also includes investment strategy, due diligence, mergers & acquisitions, compliance, fund structuring, fundraising, investor relations, and securities. In a statement, Brian Bonar, Dalrada’s chief executive officer commented: “As Dalrada continues to expand operations globally, Mr McCollum’s experience with managing domestic and international finance will play a vital role in further accelerating the Company’s growth.”

American Battery Metals Corporation (OTCQB:ABML), which is in the process of changing its name to American Battery Technology Company, has announced the appointment of Tiffiany Moehring as its head of Corporate Communications.  She joins the company from Waste Management, Inc. where she directed corporate communications initiatives with expertise in social impact (CSR/ESG), media relations, executive visibility, stakeholder engagement, traditional and social media, operational strategies and crisis communications. American Battery chief operating officer Menka Sethi said: “Her deep experience in developing and leading environmentally-focused communications and corporate social responsibility programs will be tremendous and invaluable assets for us.”

BMEX Gold Inc. (CVE:BMEX) (FRA:8M0) has announced the appointment of Steve Dunlop to the company’s Technical advisory board.  Dunlop currently holds the position of General Manager-Canada for KGHM International and is responsible for leading and managing all of its assets, including the Sudbury Operations, both operating and non-operating, as well as Victoria and Ajax Projects. His role entails directing all activities including safety, mining, environmental, and administrative functions while delivering value to the company and protecting stakeholder interests. In a statement, BMEX Gold president and CEO Warner Uhl commented: ”Steve will be helping to evaluate potential acquisitions and also help identify key drill targets in our 2021/2022 drill program.”

Real Luck Group Ltd. (CVE:LUCK) (OTCMKTS:LUKEF) announced that it has been shortlisted in two categories at the EGR Marketing & Innovation Awards 2021. Luckbox has been shortlisted in the Innovative Start-up and Innovation In Esports categories, with winners due to be announced on June 30, 2021. Luckbox was named Rising Star at the EGR Operator Awards in 2020. Luckbox CEO Thomas Rosander said: “We are thrilled and honoured to be in the running for these awards, amongst the most prestigious marketing accolades in the igaming industry. Despite a limited marketing budget leading until Q2 2021, our team has shown tremendous creativity and innovation in both marketing and product development to be selected for this shortlist. This work has given us a solid foundation to build upon. Our recent financing, which was in high demand, means we are now capitalized to spend significantly on marketing for the first time, which enables us to scale up these initial successes.”

BioLargo, Inc. (OTCQB:BLGO) has said it will host an investor webcast and conference call on Wednesday May 19, 2021, at 1.30pm PT / 4.30pm ET. The webcast and conference call, which is open to the public, will be held to review the company’s financial results, discuss recent company developments, and conduct a question-and-answer session. The webcast, accompanying presentation materials, and teleconference replay will be made available on the Investor Relations section of BioLargo’s website until Thursday, May 19, 2022, at biolargo.com/investor-relations. To participate in the live webcast and teleconference, investors can use the following the Webcast Link: https://www.webcaster4.com/Webcast/Page/2448/41343. Teleconference dial-in details: Domestic: 844-369-8770; International: 862-298-0840. To watch or listen to a replay of the webcast or teleconference: https://www.webcaster4.com/Webcast/Page/2448/41343; Teleconference Replay Domestic 877-481-4010; Teleconference Replay International: 919-882-2331; Replay Passcode 41343.

Vicinity Motor Corp. (CVE:VMC) (OTCQX:BUSXF) (FRA:6LG) has announced that its management will present at the Q2 Virtual Investor Summit, hosted by the Investor Summit Group, taking place May 17-18, 2021. William Trainer, president and chief executive officer of Vicinity Motors is scheduled to present on Tuesday, May 18, 2021, at 4.15pm Eastern Time, and will host one-on-one meetings with institutional investors throughout the event. Registration is mandatory for conference participation: https://zoom.us/webinar/register/WN_TP0AxNhzR_CAZ_9OexpjpA.

HempFusion Wellness Inc. (TSX:CBD.U) (OTCMKTS:CBDHF) (FRA:8OO) has said it will report its financial results for the first quarter ended March 31, 2021, at 4.00pm Eastern Time, on Monday, May 17, 2021, followed by a 4.15pm Eastern Time conference call and webcast with a question-and-answer session. To participate in the call, investors can dial 888-506-0062. For international callers, dial 973-528-0011. Use Participant Code: 795055. To join the webcast: https://www.webcaster4.com/Webcast/Page/2710/41342. A replay will be available from the Investor Relations section of HempFusion’s website at HempFusion.com/corporate-information

Psyched Wellness Ltd. (CSE:PSYC) (OTCQB:PSYCF) (FRA:5U9) has announced that the company will be participating in the upcoming Psychedelic Capital virtual event. Psyched will be presenting at the next edition of the psychedelic investment series on Monday, May 31, 2021, at 1.30pm EST. “I look forward to participating in this event with my director, Terry Booth. PsyCap has done a great job attracting top companies in the sector and we appreciate the opportunity to introduce Psyched Wellness to their investing audience,” said Jeffrey Stevens, CEO of the company. The Psychedelic Capital Investment Conference is dedicated to providing investment-grade information for the nascent psychedelic sector and presents a curated group of CEOs, financial experts, thought leaders and investment luminaries from around the globe. For more information and/or to register for the conference investors can use the following link: https://microdose.buzz/psycap

Thunderbird Entertainment Group Inc. (CVE:TBRD) (OTCQX:THBRF) has announced that it will be participating in the upcoming 16th Annual Needham Virtual Technology & Media Conference scheduled for May 17-20, 2021. Thunderbird’s president and chief executive officer, Jennifer Twiner McCarron, will have a fireside chat with Laura Martin, senior entertainment and internet analyst at Needham. Twiner McCarron, along with Barb Harwood, CFO of Thunderbird, will be available for one-on-one meetings throughout the conference. For more information, investors can contact [email protected].

Outlook Therapeutics, Inc. (NASDAQ:OTLK) has announced that it will host a Virtual Clinical Day for analysts and accredited institutional investors with live video webcast on Thursday, May 20, 2021, from 11.00am-1.00pm ET. During the Virtual Clinical Day, Outlook Therapeutics will provide an overview of its lead program, ONS-5010 / LYTENAVA (bevacizumab-vikg), its investigational ophthalmic formulation of bevacizumab for the treatment of wet age-related macular degeneration (wet AMD), its ongoing Phase 3 study in wet AMD, NORSE TWO, and its plans for a potential commercial rollout. Lawrence A. Kenyon, president, CEO and CFO of Outlook Therapeutics will host the event and will be joined by Outlook Therapeutics’ management team members, Terry Dagnon, chief operating officer, and Jeff Evanson, chief commercial officer. Key opinion leaders will also join the management team to discuss Outlook Therapeutics’ current clinical program and strategy, as well as the market need for a responsibly priced, ophthalmic formulation of bevacizumab approved by the US Food and Drug Administration (FDA). Interested participants and investors may dial into the event using (877) 407-9708 (domestic) or (201) 689-8259 (international), or can access the live video webcast and accompanying slide presentation on the Events page of the Investors section of the Outlook Therapeutics website, outlooktherapeutics.com. The webcast replay will be archived for 90 days following the event.

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 U.S. and global securities, has announced that GoldSpot Discoveries Corp. (CVE:SPOT) (OTCQX:SPOFF), a technology services company in mineral exploration, 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 are pleased to meet the criteria for upgrading from the Pink market to trading on the OTCQX Best Market,” said Denis Laviolette, executive chairman and president of GoldSpot. “Given our ongoing growth and heightened awareness of GoldSpot’s advanced solutions, this is an excellent opportunity to reach a wider investor base and represents an important milestone for the Company as we build investor awareness in the US and international markets,” he added.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/949269/na-proactive-news-snapshot-fortitude-goldfansunite-entertainmentbam-bam-resourcesjack-nathan-medical-949269.html


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