A glance at some of the day’s highlights from the Proactive Investors US and Canada newswires
Empower Clinics Inc () (FRA:8EC) () said it has signed a non-binding term sheet to enter into an agreement that would allow the company to divest of its legacy cannabis assets and fully focus on its integrated healthcare business. The company said the associated non-binding agreement outlines that Andrea Klein and Dustin Klein (together the “Kleins”) will acquire 100% of Sun Valley Health Holdings LLC, Sun Valley Health Franchising LLC, Sun Valley Health LLC, Sun Valley Health West LLC, Sun Valley Health Tucson LLC, Sun Valley Health Mesa LLC, Sun Valley Alternative Health Centers NV LLC, and all subsidiaries. “This transaction will allow Empower to complete the divestment of its legacy cannabis assets and focus on its integrated healthcare vision,” said Empower CEO Steven McAuley in a statement.
MegumaGold Corp () () () told investors that it expects to start drilling at its 256 hectares (Ha) Caribou gold project in Nova Scotia, Canada in early August this year. The multi-hole diamond drill program will be carried out by contractor Maritime Diamond Drilling to assess the main styles of gold mineralization currently defined in the area of the past-producing Holman mine, which churned out the yellow metal between 1932 and 1947 at a reported average grade of around 14 grams per ton (g/t).
() (OTCMKTS:MYOCF) () is widening its psychedelics portfolio to include MDMA-like compounds. The Denver-based psychedelics company said it had filed a patent to cover the new compounds, allowing it to scale its drug development program after promising discoveries in the field of MDMA research. The US Food and Drug Administration (FDA) has granted Breakthrough Therapy Designation to MDMA to treat post-traumatic stress disorder (PTSD).
Marvel Discovery Corp () (FRA:O4T1) (OTCQB:MARVF) said it has acquired property through staking 478 claims, totaling 11,875 hectares (29344 acres), located 25 kilometers (km) due east of New Found Gold’s (CVE:NFG) (OTCMKTS:NFGFF) high-grade Queensway gold project in Newfoundland, Canada. The Canadian emerging resource company said the new claims are contiguous to Corporation’s () (OTCQB:SSYRF) (FRA:4E7) Gander North project, which has industry veteran Shawn Ryan on its management team. Marvel noted that Ryan is a global authority in his field, and his “prospecting instincts” have led to new multimillion-dollar gold deposits, triggering gold rushes in both the Yukon and Newfoundland. Marvel said the property lies proximal to the Dog Bay-Appleton-Grub Line fault system, a “crustal scale fault zone” that extends from the north coast of Newfoundland, 200km southwest through Gander structural corridors in central Newfoundland, and is “intimately associated with recent gold discoveries,” including Marathon Gold’s Valentine Gold Project which hosts six million ounces of gold.
Harvest One Cannabis Inc () (OTCQB:HRVOF) revealed that it has signed a three-year renewable marketing and distribution agreement for international market expansion with WB Canna Co & Wellness, a top CBD and wellness products distributor in the Caribbean, Central America, travel retail and cruise channel. The Vancouver-based cannabis-infused consumer packaged goods (CPG) company said teaming up with WB Canna “aligns with Harvest One’s growth strategies for its core brands,” and contributes to the company’s growth and brand expansion initiatives for fiscal 2022. Based on the terms of the agreement, Harvest One granted WB Canna exclusive distribution and marketing rights across 33 countries in the Caribbean and Central America, inclusive of Mexico, Puerto Rico, and Colombia.
Micro Systems Inc () () revealed that former Tucson, Arizona, police officer and football player Brandon Tatum, who runs the hit YouTube channel called “The Officer Tatum,” with over 1.6 million subscribers, has agreed to act as an advisor and advocate for ‘s non-lethal Low Energy Cartridge (LEC) product line for law enforcement and personal defense in the US. As a commentator, Tatum also has a regular following of more than three million people across various social media platforms and is a frequent guest on TV shows. Tatum will advise KWESST on optimization of the LEC system for law enforcement and personal defense applications. He will also provide educational segments on The Officer Tatum show for law enforcement and the public regarding the features and benefits of the LEC system. He will also produce interviews with KWESST’s Executive Chairman David Luxton and participate as a representative of KWESST in various third-party interviews on the LEC products.
() (OTCMKTS:NHAWF) (FRA:VTJ1) has revealed that the $5.6 million bulk sampling program at its Naujaat diamond project in Nunavut is now more than 50% complete. The company said the program is on track for completion by the end of August, and the sample will be shipped south in September via the annual sealift.
Endexx Corporation () has revealed significant corporate progress so far in 2021 as it passes a key financial test. The lifestyle company, focused on the intersection of science, compliance, and formulation of innovative phytonutrient-based wellness products, announced that the United States Securities and Exchange Commission, Division of Corporation Finance, review of its Registration Statement on Form 10 has concluded. In a statement, Endexx CEO Todd Davis said: “Endexx has completed multiple significant Corporate initiatives and agenda items that were implemented at the beginning of fiscal 2021. The path to significant revenue growth and the pursuit of an uplisting to a senior stock exchange has accelerated with these successes.”
() () (FRA:20Q) said a review of drill core shows that the fault system which links the Tsenken target with the Tiria-Shimpia target has been confirmed in Ecuador. According to the company, the fault system moved periodically throughout the development of the sedimentary basin, providing a pumping mechanism for metal-bearing fluids that deposited sediment-hosted zinc-silver at Tiria-Shimpia and copper-silver at Tsenken.
Globex Mining Enterprises Inc (CVE:GMX) () said it has acquired private exploration and holding company Rockport Mining Corp, which owns two royalties on Globex properties in New Brunswick. Prior to purchasing Rockport, Globex acquired the company’s Devil’s Pike gold property with a reported Inferred Resource of 214,800 tons grading 9.6 grams per ton (g/t) gold (cut) or 13.48 g/t gold (uncut). Rockport retained a 1% net smelter royalty on Devil’s Pike after 600,000 ounces of gold was produced Earlier this year, Globex also purchased the Bald Hill antimony deposit with Rockport retaining a 1% net smelter royalty on all mineral production of that property. With the recent acquisition, the royalties no longer exist thus adding value to the Globex gold and antimony assets, both of which are located in southern New Brunswick.
Plurilock Security Inc () (OTCQB:PLCKF) said it has received a US$1.9 million order from the US Department of Defense as part of the National Aeronautics and Space Administration’s (NASA) Solution for Enterprise-Wide Procurement (SEWP), a US Government-Wide Acquisition Contract Vehicle (GWAC). The latest purchase order is Plurilock’s third contract valued in excess of US$1 million received in recent months following a US$1.7 million overseas order with the US Department of Defense announced on July 15. The company has now received a total of US$7.4 million in sales orders since May 2021.
Corp () () () announced it had discovered a new mineralized horizon at its Selena silver-gold project in Nevada. The discovery came as part of a Phase IV drilling program, which returned intercepts of up to 3 metres (m) at 59.8 grams per ton (g/t) silver.The hole was the first mineralize intercept on the property at the Chainman Shale and Joanna Limestone lithologic contact, according to Vancouver-based Ridgeline.
American Manganese Inc () () (FRA:2AM) has said that its bench-scale project at the Wenden stockpile property in Arizona, USA is nearly complete and advancing towards providing a domestic source of electrolytic manganese metal (EMM). The project was funded by an award in late 2020 from the United States Defense Logistics Agency (DLA) to perform work on the US government’s 322,000 metric ton manganese stockpile located near Wenden and assess the viability of production using American Manganese’s ground-breaking recovery process. Larry Reaugh, the CEO of American Manganese, said the project aimed to determine a “model processing flowsheet for the DLA’s consideration in scaled-up continuation work consistent with a future commercial processing facility”.
. () () (FRA:0YL.F) has announced two strategic additions to the company’s executive team, with the appointment of Simeon Saunders as VP Global Medical Marketing and Scientific Affairs and Mike Glick as GM and VP Else North America, both of whom are former executives with . “We are extremely delighted by the addition of Mike and Simeon to the Company. With decades of experience in infant nutrition, they are precisely what is needed to move forward into the next phase of Growth,” Hamutal Yitzhak, CEO & co-founder of Else Nutrition said in a statement.
Technology Inc () (FRA:26N) (OTCPINK:NTTCF) has announced the appointment of Colin Sutherland as its interim chief financial officer. In a statement, the company said Sutherland replaces Christopher Cherry, who has resigned as both CFO and a director. The company thanked Cherry for his services and wished him success in his future endeavors. Sutherland is a Chartered Professional Accountant with over 20 years of financial and operational experience with development-stage companies.
() said it has filed an application to be quoted on the OTCQB, the US market operated by () in New York. The company noted that it will continue to trade on the Canadian Securities Exchange (CSE) under its symbol AYUR. In addition, Ayurcann said it is working to secure DTC eligibility with The Depository Trust Company (DTC) for electronic settlement and transfer of its common shares in the United States.
() said it has granted 3.2 million stock options to directors and officers of the company, under the terms of the company’s stock option plan. The stock options are exercisable at 5 cents per share until five years from the date of grant and are subject to a trading hold period of four months.
() has announced the second quarter 2021 performance and quarterly rebalancing of the OTCQX and OTCQB indexes, including the OTCQX Canada Index and the OTCQX Dividend Index. The operator of financial markets for 11,000 US and global securities noted that the OTCQX Composite Index (.OTCQX), a benchmark for the overall OTCQX Best Market, was up 3.9% in the second quarter.
OTC Markets Group Inc. (), the operator of financial markets for 11,000 US and global securities, has announced that AbraSilver Resource Corp (CVE:ABRA) (OTCQX:ABBRF), silver-gold focused advanced-stage exploration company, has qualified to trade on the OTCQX Best Market and has today upgraded from the OTC Pink market. 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. John Miniotis, president and CEO of AbraSilver Resource commented: “We are very pleased to be trading on the OTCQX market in the United States, which will further help increase our visibility and broaden our investor base.”
OTC Markets Group Inc. (), the operator of financial markets for 11,000 US and global securities, has announced that () () (OTCQX:ADMLF), a precious and base metals developer, 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.
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