NA Proactive news snapshot: Mydecine Innovations Group, Fury Gold Mines, KushCo Holdings, First Cobalt Corp …

Mydecine Innovations Group (NEO:MYCO) (OTCMKTS:MYCOF) (FRA:0NFA) said that it has received approval from Health Canada to “significantly expand” its cultivation capabilities at its current good manufacturing practice (cGMP) facility, at the Applied Pharmaceutical Innovation in Canada. The Denver, Colorado-based biopharma company focused on the research and development of alternative nature-sourced medicine, said that it would use the new guidance from Health Canada to expand its cultivation facilities and rapidly scale up the supply of pharmaceutical-grade psilocybin for both its internal clinical research and for its industry partners. “The increased cultivation will also allow the company to more efficiently and quickly study the medical utility of naturally occurring psilocybin and psilocybin-like compounds,” said the company. 

Fury Gold Mines Ltd (TSE:FURY) (NYSEAMERICAN:FURY) (FRA:AUN) has reported more encouraging drill results from its Eau Claire deposit in Quebec, including the fifth-best hole so far from 900 holes sunk at the asset. One hole hit 23.27 grams per ton (g/t) of gold over a width of 7.09 metres (m) from a depth of 319m in the southeast margin of the defined resource. This result showed the potential to significantly expand the resource down plunge to the east, where drilling will now continue, said the company.

KushCo Holdings Inc (OTCQX:KSHB) and Greenlane Holdings Inc (NASDAQ:GNLN) (FRA:G67) have announced the expiration of the 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act in connection with their proposed merger. In a statement, KushCo said the transaction is expected to close in the third quarter of 2021, subject to the satisfaction or waiver of all remaining conditions in the agreement, including the receipt of all necessary approvals.  “We welcome this latest development in the formation of the combined company and look forward to continued progress on the remaining steps required to complete the transaction,” said Nick Kovacevich, KushCo’s co-founder and CEO. 

First Cobalt Corp (CVE:FCC) (OTCQX:FTSSF) (FRA:18P) revealed that it has further expanded its footprint at its Iron Creek project in Idaho, USA, by striking an earn-in deal for the Redcastle property, which spans 224 hectares, and lies immediately east of the project. The Redcastle property, optioned from Phoenix Copper Ltd, comprises 31 claims and expands the size of First Cobalt’s ground to more than 1,820 hectares. It lies just east of the firm’s Ruby Zone cobalt-copper prospect, which is exposed at surface, and First Cobalt believes the sulfide mineralisation there extends into Redcastle.

Victory Square Technologies Inc (CSE:VST) (OTC:VSQTF) (FWB:6F6) has announced the launch of DiscreetCare, a full-service web app for the treatment of medical issues considered to be sensitive or delicate. Phase one of the DiscreetCare.com web app is focused on treating hair loss, erectile dysfunction, premature ejaculation, genital herpes, cold sores, acne and bladder control issues in the US. Phase two, expected to launch later this year, will offer at-home testing for sexually transmitted diseases (STDs), testosterone and fertility; in addition to treatment for a broader range of sensitive medical issues.

Silvercorp Metals Inc (TSE:SVM) (NYSEAMERICAN:SVM) (FRA:S9Y), the China-focused metals miner, has encountered “wide and high-grade” intercepts from this year’s exploration at the LMW mine, it said. The LMW mine is one of six underground mines at the company’s flagship Ying complex in the Ying mining district, which all feed two mills, and where exploration drilling and tunneling work is currently ongoing at all mines. Currently, ten drill rigs are turning at LMW and 116 diamond drill holes, including 100 underground holes and 16 surface holes totaling 22,890 metres (m), have been completed. Assays for 101 holes have been received, with 53 hitting many zones of high-grade silver. In addition, 3,352m of exploration tunnels have been developed at the LMW mine between October 1, 2020, and May 1, 2021.

CO2 GRO Inc (CVE:GROW) (OTCQB:BLONF) (FRA:4021) has announced a commercial installation sale of its CO2 Delivery Solutions system to a US distributor. CO2 Delivery Solutions systems create a saturated CO2 solution that, when misted onto plants, provides growers that cannot use CO2 gas with the opportunity to increase plant yields by up to 30% and profits by up to 100%, the company said. Applying saturated CO2 also suppresses the development of pathogens such as E.coli and powdery mildew, helping reduce crop losses. 

American Battery Metals Corporation (OTCQB:ABML) and Cicle Inc are partnering to create the first-of-its-kind centralized service operations for the collection and recycling of electric vehicle batteries at Cicle EV ChargeParks. American Battery Metals, which is in the process of changing its name to American Battery Technology Company (ABTC), said the strategic partnership solves a critical renewable energy supply problem for the fast-growing EV ecosystem. The growth of EVs has so far relied on environmentally unfriendly and inefficient local power grids to supply energy for recharging short-range batteries in cars and trucks.

Namaste Technologies Inc (CVE:N) (FRA:M5BQ) (OTCMKTS:NXTTF) has said that its CannMart Inc subsidiary is now distributing Phyto Extractions’ well-known shatter products nationally for its medical consumers at CannMart.com. The Toronto-based cannabis-focused e-commerce giant said that CannMart, which holds exclusive distribution rights to all Phyto Extractions products, will in all likelihood soon distribute the shatter products to recreational consumers through “anticipated future sales to provincial monopoly wholesalers.”

A favourite among Cannabis enthusiasts, the shatter launches are with three of the most popular cannabis strain extracts on the market: Pink Kush, Blueberry Gorilla and Death Bubba.

Versus Systems Inc (NASDAQ:VS) (CSE:VS) (FRA:BMVB) revealed that it had just completed a beta test of its XEO engagement platform at the super middleweight title fight between Canelo Alvarez and Billy Joe Saunders at the AT&T Stadium, in Arlington, Texas, on May 8. While partnering with Crush, the Keurig Dr. Pepper brand, Versus created a digital experience that allowed fans to play mobile games for real-world prizes before and during the match. “While some campaigns are still in progress, Versus has already seen over 60% redemption rates on a number of reward campaigns,” said the company.

Great Panther Mining Limited (TSE:GPR) (NYSEAMERICAN:GPL) (FRA:G3U) has reported that movements have been detected in the west wall of the south-central portion of the Urucum Central South (UCS) open pit at Tucano in Brazil. The company said that heavy rainfall, well above the seasonal average, triggered higher phreatic levels in the west wall impacting slope stability and to ensure the health and safety of workers, mining activities in UCS have been temporarily halted. Great Panther added that the mill will continue to receive ore from the Urucum North open pit and from stockpiles.

HempFusion Wellness Inc (TSE:CBD.U) (OTCQX:CBDHF) (FRA:8OO) announced it has signed a definitive agreement to acquire Sagely Enterprises, Inc, trading as Sagely Naturals, a provider of  premium CBD products for women. The company said Sagely Naturals generated net revenue of over US$4.19 million in 2020 and will boost HempFusion’s retail distribution by an additional 14,000 plus stores.

Xigem Technologies Corporation (CSE:XIGM) (FRA:2C1) announced that Carli Posner, CEO of the award-winning media company The Notable Group, has joined its advisory board. The Notable Group, of which Posner is also the principal, consists of a full-service marketing agency and two leading digital publications, Notable Life and Refined Society, which serve Canada and the US. Earlier in her career, Posner worked for Canada’s largest network, where she was an executive producer on top television shows and oversaw multiple departments, including premium sponsors, talent and media strategy.

Aurania Resources Ltd (CVE:ARU) (OTCQB:AUIAF) announced it had confirmed the presence of “significant amounts” of high-tech metals in samples taken from the Tiria-Shimpia prospect. Assays from the laboratory indicated the presence of gallium and indium, which are used in products like smartphones and solar cells. Gallium in particular is used in gallium arsenide semiconductor chips, enabling electrons to pass through faster than in conventional silicon chips and used to support 5G technologies.

Midwest Energy Emissions Corp. (OTCQB:MEEC), known as ME2C Environmental, has announced that on May 20, 2021, a US District Court Magistrate Judge for the District of Delaware issued a Report and Recommendation that pending patent litigation which commenced in 2019 should be allowed to move forward against 16 key refined coal process defendants named in such lawsuit. “We are extremely pleased with the Court’s recommendation against those entities whom we believe have been infringing on our patented mercury capture technologies since the inception of the refined coal program,” said Richard MacPherson, CEO of ME2C Environmental. “The defendants in this case tried unsuccessfully to shut this case down altogether and deny us our day in court at trial but have failed.”

Sassy Resources Corporation (CSE:SASY) (OTCQB:SSYRF) (FRA:4E7) has announced that Terence F. Coughlan, the founding chief executive officer of producer GoGold Resources, has joined the company’s board of directors. The company noted that Coughlan brings significant additional strengths to the Sassy board at a time of transformative developments for it in both Newfoundland and Northwest British Columbia’s prolific Eskay Camp. In a statement, Coughlan commented: “I’m very familiar with Newfoundland, and that’s actually where GoGold got its start many years ago. After serving as a technical adviser with Sassy, I’m eagerly joining the Board to play an even bigger role with a company I believe is extremely well positioned on every front from property holdings to management, share structure and financial strength. Sassy has accomplished much in its first year as a publicly-traded company and I’m looking forward to even more exciting times ahead.”

Sharing Services Global Corporation (OTCQB:SHRG) has congratulated Alpine 4 Holdings, Inc. (OTCQB: ALPP) on its recent acquisition of Alternative Labs, LLC. “We are pleased to see Alpine 4 make this acquisition and have had great communication and meetings with both executive teams to ensure that the supply chain process and manufacturing quality is elevated to a higher standard,” said John ‘JT’ Thatch, CEO of SHRG. “Kent Wilson, and his entire team have been great to work with and we look forward to expanding our relationship with them and exploring the many opportunities that Alpine 4 has to offer. We look forward to working in partnership with another publicly-traded company whose other clients include Fortune 500 companies.” Wilson, CEO of Alpine 4, added: “As we went through the due diligence process in our acquisition of Alternative Labs, it became apparent what an important and impressive company SHRG and its subsidiaries are to the wellbeing of many Americans. We are proud to blend and manufacture their top-quality products and look forward to assisting them as they grow to new levels!”

Willow Biosciences Inc. (TSX:WLLW) (OTCQX:CANSF) has announced that it will be presenting on a panel with other industry leaders at SynBioBeta’s “Celebrating Synthetic Biology Breakthroughs in Biopharma” conference on May 26, 2021, from 11.30am to 12.15pm PST. SynBioBeta is the premier innovation network for biological engineers, investors, innovators and entrepreneurs who share a passion for using biology to build a better, more sustainable universe. They provide their community members with personal and professional development support, as well as valuable opportunities for partnership, collaboration, networking, and education. They host the Global Synthetic Biology Summit in San Francisco in October each year, which showcases the cutting-edge developments in synthetic biology that are transforming how we fuel, heal, and feed the world.

TRACON Pharmaceuticals (NASDAQ:TCON) has announced that Charles Theuer, its president and chief executive officer, will present a corporate overview at the Jefferies Virtual Healthcare Conference on June 4, 2021, at 2.30pm Eastern Time. To access a live webcast of the presentation, investors can visit the “Events and Presentations” page within the “Investors” section of the TRACON Pharmaceuticals website at www.traconpharma.com.

QC Copper and Gold Inc. (CVE:QCCU) has said it will present a technical webinar on its flagship Opemiska Copper Mine Complex. This 17-minute webinar is hosted by VP Exploration Charles Beaudry who details his thesis on the unique geology of Opemiska, and how the company’s recently completed 20,000 metre drill campaign will deliver Opemiska’s first resource estimate. To view the QC Copper & Gold: Technical Webinar investors can use the following link: https://www.youtube.com/watch?v=XhbPLITwlsM

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, has announced that Integrated Financial Holdings, Inc. (OTCQX IFHI), a financial holding company based in Raleigh, North Carolina, has qualified to trade on the OTCQX Best Market. and has today upgraded from the OTC Pink market. Graduating to the OTCQX Market represents an important milestone for Integrated Financial Holdings as they continue to bring future-thinking ideas and product accessibility to their clients and partners. The OTCQX Market enables financial service companies to maximize the value of being a public company by providing transparent trading and easy access to company information for shareholders. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Eric Bergevin, president & CEO of Integrated Financial Holdings said: “It has been our vision to systematically build out integrated financial service capabilities and assets all under one roof as we continue to grow. Joining the OTCQX market is yet another step in the right direction for our Company and not only supports our mission to increase long-term shareholder value, but also to reshape the future of the financial service industry on a broader stage.”

OTC Markets Group Inc. (OTCQX:OTCM), the operator of financial markets for 11,000 US and global securities, has announced that Global Clean Energy Holdings, Inc. (OTCQX:GCEH), a renewable fuels company, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTCQB Venture Market. The OTCQX Market provides investors with a premium US public market to research and trade the shares of investor-focused companies. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. “We are proud to be upgrading to the OTCQX Best Market, the highest tier market that the OTC offers,” said Richard Palmer, GCEH CEO. “This move showcases our growing company to a wider pool of both institutional and retail investors, while providing greater transparency to our current and future shareholders.”

Story by ProactiveInvestors