NA Proactive news snapshot: Australis Capital Inc, ESE Entertainment Inc, Esports Entertainment Group, Inc, Vuzix, Fobi AI, Tocvan Ventures, TomaGold, BMEX Gold, BlueRush, Else Nutrition...

Australis Capital Inc, also known as Audacious, has entered into a binding terms sheet to acquire 100% of the issued and outstanding shares of BW Macaw Group Inc, which is also referred to as “Herbs”. The deal will also include Herbs’ recent distribution agreement with Eaze, California’s largest legal cannabis delivery and distribution company. Additionally, two California-based contract manufacturers will commence production of the company’s products. Aside from the retail license that is part of the contemplated transaction, Herbs’ business license also includes the ability to cultivate, manufacture (production of derivatives and edibles), and distribute cannabis products.

ESE Entertainment Inc said it has completed its previously announced acquisition of 100% of the shares of Ireland-based Auto Simulation Limited, trading as Digital Motorsports, a provider of advanced simulation racing infrastructure and technology. Europe-based ESE said that under the purchase agreement, it acquired all the issued and outstanding shares of Digital Motorsports for C$1,681,250 in cash on closing. In addition to the cash payment, 941,500 shares were issued on closing, and up to 8,473,500 shares will be released in six equal installments every six months. ESE said the first installment is being released on December 31, 2021, subject to certain post-closing revenue-related milestones.

Esports Entertainment Group, Inc. (NASDAQ:GMBL) and its ggCircuit business have joined forces with world-leading point of sale and payment processing provider Square to create ggLeap, a premium esports center management software. The software will allow players to pay on-screen with a credit card through a QR code, adding that ggLeap is the first esports management software to offer such a feature. Esports said ggLeap’s first version is supported in the US, Australia, Canada, Japan, the UK, and the Republic of Ireland. More locations will be announced as the company and Square are able to integrate additional third-party payment processors.

Wellteq Digital Health Inc said it expects its Software-as-a-Service (SaaS) revenue for fiscal 2021 to be in the range of C$1.1 million to C$1.25 million, an increase of more than 100% year over year. The company noted its SaaS revenue comprises about 75% of its total revenue for the year, which is projected to be in the range of C$1.5 million to C$1.65 million, excluding other income.  

Nextleaf Solutions Ltd, a federally regulated cannabis oil producer, said it was awarded a patent from the United States Patent and Trademark Office regarding a novel process for acetylating Cannabigerol (CBG), and the subsequent refinement of CBG-O-Acetate. As described by Nextleaf, acetylation is an organic esterification reaction, which often utilizes acetic acid. Some examples of acetylated pharmaceuticals include Aspirin (acetylsalicylic acid) and diacetylmorphine. Prior to the recent patent, the cannabis oil company was granted patents in the US and Canada for the acetylation of both CBD and THC, and the subsequent refinement of CBD-O-Acetate and THC-O-Acetate.

Vuzix Corporation (NASDAQ:VUZI) said it received an order for its Vuzix Smart Glasses from CAMtria, a wholesale distributor providing the latest solutions and services and exceptional partner experiences to resellers and retailers throughout Canada. The deal follows a recent agreement with Netherlands-based distribution company Capestone, its first stocking order for Vuzix Smart Glasses, which also builds on its  position in Europe. “This order from CAMtria further strengthens our presence in Canada, where extensive growth opportunities exist for Vuzix Smart Glasses across CAMtria’s served market verticals,” president and CEO Paul Travers said in a statement. “Vuzix looks forward to establishing a distribution relationship with CAMtria that will steadily expand over time,” he added.

Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) Inc, a provider of real-time data analytics through artificial intelligence (AI) to drive customer engagement, has announced the launch of the next generation of its proprietary IoT hardware device, Fobi 3.0. Fobi 3.0 will provide a significant upgrade from the original Fobi device, providing an out of the box, plug and play solution that is not dependant on any IT integration, the company said. With an all-new design, it said Fobi 3.0 will be the first of its kind to provide the ability to connect and consolidate all existing peripherals in a typical retail environment such as point of sale (POS) systems, receipt printers, and barcode scanners. The company said its engineering team had secured key chip components and increased inventory levels needed to support current and future business opportunities despite current global supply chain shortages, which have forced other tech companies to limit and delay the production of their products.

Tocvan Ventures Corp said it has completed a due diligence process and completed and executed the final agreement to acquire Millrock Resources’ option to acquire up to 100% interest in the El Picacho mining concessions located in the state of Sonora, Mexico. The project, located 140 kilometers north of Hermosillo in Sonora, Mexico, is fully accessible by road. Extensive surface exploration has been conducted historically, defining five gold targets on the project. Millrock and Tocvan believe these targets will be ready for drill testing with surface confirmation via trenching. A permit is currently active to allow for trenching and drilling on the project. “This is a prime example of the ability of Tocvan to negotiate transactions which we believe add significant accretive value to Tocvan shareholders while allowing previous operators and landowners to benefit greatly from a successful outcome as Tocvan works to de-risk the property toward economic viability,” CEO Derek Wood said in a statement.

TomaGold Corporation reported it began trading on Wednesday on the OTCQB venture market under the symbol ‘TOGOF’ after it was upgraded from the Pink market. The company will remain listed on the TSX Venture Exchange under the symbol ‘LOT’. “Trading on the OTCQB will enhance our visibility and make the Corporation accessible to a much broader range of U.S. investors,” said David Grondin, CEO of TomaGold. “We also expect that it will increase liquidity by providing current and potential investors with a transparent and easily accessible trading platform, where they can find real-time quotes and market information.” TomaGold has interests in five gold properties near the Chibougamau mining camp in northern Quebec: Obalski, Monster Lake East, Monster Lake West, Hazeur and Lac Doda. It is also in joint venture with Evolution Mining and New Gold, through which it holds a 24.5% interest in the Baird property, near the Red Lake mining camp in Ontario.

BMEX Gold Inc (TSX-V:BMEX) said an option agreement for it to acquire 100% of the King Tut property in Quebec has been accepted for filing documentation by the TSX Venture Exchange. The agreement with Greg Exploration Inc, dated August 11, 2020,  comprises 120 mineral claims located in the Ligneris and Celoron townships. In consideration, the company said it has paid $300,000 and will issue two million shares. The acquisition is subject to a 2% net smelter royalty and an underlying 1% royalty in favor of Globex Mining Enterprises Inc on three claims. BMEX has the option to buy 1% of the royalty on the three claims at any time for a cash payment of $1 million. Mineral resource and prefeasability milestone payments of $500,000 each are subject to separate exchange approval if the payment is to be made in shares.

Aion Therapeutic Inc has released a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 – Cease Trade Orders for Continuous Disclosure Defaults. On August 31, 2021, Aion said it had not filed its annual financial statements and management discussion and analysis for the fiscal year ended April 30, 2021, together with the related certification of filings under National Instrument 52-109 – Certification of Disclosure in Issuers’ Annual and Interim Filings by the prescribed deadline of August 30, 2021. Except as discussed below, there have been no material changes to the information contained in the Default Announcement or any other changes required to be disclosed under NP 12-203. The company anticipates that the Continuous Disclosure Documents will be filed prior to September 29, 2021.

BlueRush Inc, an emerging personalized video Software as a Service (SaaS) company, has retained the services of Skyline Corporate Communications Group LLC to manage its investor relations and corporate communications activities within the US financial community. Skyline, with offices in Boston and New York City, is an investor relations and corporate communications firm that provides strategic messaging and investor communications consulting services for public corporations. Skyline provides strategic assistance for companies in the financial markets and investment community by assisting them to effectively communicate their corporate message and competitive advantages. “Our recent operating activities, growth objectives, and expected corporate milestones prompted BlueRush to select Skyline as our investor relations representative,” said BlueRush CEO Steve Taylor in a statement. 

Else Nutrition Holdings Inc (OTCQX:BABYF, TSX-V:BABY), a plant-based baby, toddler and children’s nutrition company, has launched a new initiative to engage more than 80,000 pediatricians in North America. The dual education and marketing strategy is designed to help pediatricians work in conjunction with parents to provide better nutrition for their kids. As Else pointed out, there are 67,000 pediatricians in the United States, and an additional several thousand in Canada, caring for over 17 million infants and toddlers, according to the American Academy of Pediatrics.

DGTL Holdings Inc was featured in an editorial published by by NetworkNewsWire. “Brands understand that it takes more than a flash ad or a quick plug to inspire consumers. Enter the AI-driven martech and digital media software solutions market where innovative content, measurement and distribution solutions reside in all-encompassing marketing strategies engaging and communicating with target audiences through next-generation technology like that of DGTL Holdings Inc to win and keep consumers’ interest and loyalty,” said the report. It added that the rapid evolution of the marketplace often benefits smaller companies such as DGTL, IZEA (NASDAQ:IZEA) Worldwide Inc, The Trade Desk, Acuity Ads Holdings Inc and EQ Inc (TSX:EQ), as they can be more nimble and generally innovative compared to international CRM juggernauts in helping brands reach their objectives.

Idaho Champion (CSE:ITKO, OTCQB:GLDRF) Gold Mines Canada Inc said core drilling at the company’s 100% controlled Champagne gold project in Idaho has identified a new mineralized corridor, which is located on the high priority anomalous drill target area to the north-west of the past producing open pits and covers about 800 metres (m) north-south and 300m east-west. Idaho Champion (CSE:ITKO, OTCQB:GLDRF) noted that several “significant” veins composed of sulfide and sulfosalt mineralization have been intersected.

Mednow Inc (TSX-V:MNOW, OTCQB:MDNWF) has announced the launch of Mednow Virtual Care, a proprietary platform to provide telemedicine services to Mednow clients. The on-demand virtual pharmacy said Mednow Virtual Care joins other services such as pharmacy services and over-the-counter products under the Mednow banner to provide seamless care. This multimodal approach to healthcare facilitates the patient experience from diagnosis to prescription delivery and adds to its recurring care model. The company said Mednow Virtual Care is expected to add a new revenue stream through overhead fees for physician services, in addition to pharmacy and over-the-counter product revenue.

American Eagle Gold (TSX-V:AE) Corp said that it has struck an assignment agreement with Standard Ore Corp., to assume all interest in a lease with an option to purchase agreement between Standard Ore and Rubicon Resources for a 100% interest in the Cerros Rojos property, located 150 kilometers (km) south of Newmont’s Long Canyon mine in Nevada. Cerros Rojos had historical near-surface oxidized gold drill intercepts, one of which measured 12.2m at 0.57 grams per tonne (g/t) gold from surface, said the company. “This indicates the potential for a new gold deposit in a previously undeveloped part of Nevada,” it said. It is believed that the system is structurally controlled, extending along low-angle structures to the west beneath the overlying Devonian Joana limestone, it added. The initial focus of the exploration will be Carlin-style deposits.

Adastra Holdings (CSE:XTRX, FRA:D2EA) Ltd announced it had sold nearly $1.7 million worth of product during the month of August, a new company record. The Langley, BC-based cannabis company reported the numbers on a preliminary unaudited basis using provincial wholesale sell-through data. The numbers are a 27% increase over the prior three-month average, Adastra reported, and brings its year-to-date sales to nearly $8.7 million for 2021.

Royal Wins Corporation (CSE:SKLL) has been invited to be a founding member of the newly constituted Skill Integrity Council. The council was established in 2020 as a not-for-profit, membership-based organization and aims to establish a self-regulatory structure for the competitive Player-to-Player (P2P) skill-based gameplay sector. The company said members believe that adopting a self-regulatory structure improves the integrity, transparency, equity, and inclusivity of P2P skill-wagering gameplay, as creating a more accessible, engaging, and rewarding experience for all players.

Global Energy Metals Corporation told investors that its common shares are now trading on the OTCQB Venture Marketplace under the symbol GBLEF after it received approval from the trading platform. The company said trading on the OTCQB will increase its exposure to US capital markets seeking battery metal investment. The OTCQB Venture is a US trading platform that is operated by the OTC Markets Group headquartered in New York. Global Energy Metals said its common shares will continue to trade on the TSX Venture Exchange under its symbol GEMC as well as on the Frankfurt Exchange, under its symbol 5GE1.

Midwest Energy Emissions Corp, also known as ME2C Environmental (OTCQB:MEEC), has announced that Pennsylvania State University’s College of Earth and Mineral Sciences has completed the initial round of testing to evaluate the company’s new Rare Earth Element (REE) technology. The company announced in June 2021 that Penn State would evaluate its REE technology’s capture capacity and regeneration potential under certain conditions — which has yielded exciting results thus far. “The initial results received by Penn State’s College of Earth and Mineral Sciences will lead to the further testing and development of this emerging technology focused on rare earth capture, as well as the cleanup of coal ash ponds and wastewater from coal-fired power plants,” said Richard MacPherson, CEO of ME2C Environmental (OTCQB:MEEC), in a statement.

Nomad Royalty (TSX:NSR) Company Ltd announced that it has closed its previously announced amended revolving credit facility for US$125 million with the option to increase it to US$150 million. On August 30, 2021, the Montreal-based gold and silver royalty company first announced that it has secured commitments with The Bank of Nova Scotia, Canadian Imperial Bank of Commerce (CIBC) and The Royal Bank of Canada (TSX:B of C) (RBC) to increase its revolving credit facility, subject to satisfaction of certain conditions. In a statement, Nomad CFO Elif Lévesque said: “Scotia, CIBC and RBC continue to be strong financial partners to Nomad. The completion of the increased facility will provide us with additional financial flexibility as we grow our business through accretive opportunities.”

ElectraMeccanica (NASDAQ:SOLO) Vehicles Corp announced it is beginning to deliver its flagship SOLO electric vehicle to customers. The Vancouver-based company started production of SOLO, a single-occupant, three-wheeled electric car, last year with its manufacturing partner and strategic investor Zongshen Industrial Group. ElectraMeccanica (NASDAQ:SOLO) said it will officially start giving keys to customers at a special launch event on October 4 in Los Angeles.

Renforth Resources Inc (CSE:RFR, OTCQB:RFHRF) said it expects to begin its previously announced chipping/stripping program at its 260 square-kilometer (sq km) Surimeau District battery metals project in Quebec within a week as the company also posted additional positive drill assays from its Parbec surface gold asset. “Renforth has received the permit required to commence the previously announced stripping program. While assays are still outstanding for the bulk of the 2021 drilling at Surimeau, Renforth will commence the chipping/stripping program in order to expose on surface a portion of the Victoria West mineralized system,” it told investors.

Clean Seed Capital Group (TSX-V:CSX) said it has appointed Deerland Equipment as a Clean Seed SMART Seeder MAX dealer. Deerland is a multi-store agricultural equipment dealer in North Central Alberta representing key original equipment manufacturer (OEM) agricultural brand John Deere. Clean Seed said Deerland represents one of the most progressive, precision agricultural equipment dealers in Western Canada with a tremendous legacy built on customer support and customer experience with its core brand, John Deere.

Story by ProactiveInvestors