Burcon NutraScience Corporation has reported results for the fiscal year 2022, during which the company established its joint venture Merit Functional Foods. The company’s primary focus during the twelve months ended March 31 was to support Merit Foods, which it called the world’s first and only commercial producer of food-grade canola protein ingredients, and fine-tune its 94,000-square-foot state-of-the-art protein production facility. During the year, Merit’s protein sales increased each quarter and achieved total revenues of C$6.3 million, with an 84% quarter-over-quarter increase in total sales in the fourth quarter.
Great Atlantic Resources Corp said that due to positive investor response it has increased its previously announced non-brokered private placement to 8,165,000 units, at a price of C$0.10 per unit, for gross proceeds of C$816,500. The company said proceeds of the private placement would be used for general working capital and exploration work. Units of the financing will comprise one share and a full share purchase warrant, which may be exercised for a period of five years at a price of C$0.12 per share.
Gevo Inc, a renewable fuels company focused on the production of sustainable aviation fuel (SAF), provided investors with a sweeping update on the company and its projects. On June 8, 2022, the Englewood, Colorado-based company successfully closed a registered direct offering of 33.3 million shares to institutional investors for net proceeds of $139.2 million. This, combined with the firm’s existing cash, equivalents, restricted cash and marketable securities, provides Gevo with around $555.7 million to fund operations and projects. As part of the offering, Gevo issued 33.3 million Series 2022-A warrants with an exercise price of $4.37 per share. If all 33.3 million Series 2022-A warrants were to be exercised in cash at the exercise price of $4.37 per share, Gevo will get an additional $145.7 million.
BANXA Holdings Inc said it had a “clear line to profitability” thanks to a series of cost-saving initiatives in response to the cryptocurrency market downturn. The leading on-and-off ramp solution for Web3 said that the cost-cutting plan will ensure a stronger roadmap for its long-term success, according to a release. BANXA said it plans to reduce its global employee headcount by approximately 30%, streamline SG&A accounts and downside its European Union (EU) operations and its executive team on the continent, including managing director Jay Lorenc. The initiatives are anticipated to result in cost savings of over $10 million per year.
Mountain Valley MD Holdings Inc said it has completed its pre-clinical pharmacokinetic study of its parasitic infection treatment Soluvec, finding that it outperformed commercially available ivermectin by certain metrics. The study tested intramuscular (IM) and subcutaneous (SC) dosing of Soluvec 1% against oral administration of ivermectin in male beagle dogs. The pre-clinical canine trial was conducted by a third-party pre-clinical contract research organization. Soluvec administered IM and SC at the same dose level (300 milligrams of medication per kilogram of body weight) as the reference product oral ivermectin resulted in mean maximum plasma concentrations represented by a 2.6 and 1.6-fold higher maximum concentration, respectively.
Cardiol Therapeutics Inc, the clinical-stage life sciences company, has announced that its virtual Annual General Meeting of Shareholders (AGM) will be webcast on June 28 this year at 4.30pm EST. The live audio webcast can be found online at: web.lumiagm.com/452344863. Additional information on the AGM, including details on how to participate and vote, is available on the company’s website at cardiolrx.com/investors/events-presentations/.
Alternus Energy PLC said it has signed agreements to acquire an additional 184 megawatts (MW) of solar photovoltaic (PV) in Poland, bringing its total operational portfolio in the country to 272.6MW. The parks, ranging in size from 1MW-10MW with the majority having government-backed off-take contracts already in place, are either currently in construction or have already achieved commercial operation date (COD), the company said. “This partnership with Projekt Solartechnik enables Alternus to further expand our presence in the Polish market, immediately and over time,” Alternus chairman and CEO Vincent Browne said in a statement. “Alternus has been and remains very active in Poland with a target to achieve over 1GW of operational PV solar there in the next few years.”
Canada Silver Cobalt Works Inc said it has posted more drill results from its over 6,000-hectare (Ha) Graal nickel-copper-cobalt discovery in the Lac St-Jean region of Quebec. It means all assays have now been received from the firm’s 2021-2022 winter program and almost every hole hit disseminated to massive sulphides with nickel-copper-cobalt mineralization. One hole intersected 5.80 metres (m) with results grading 0.89% nickel-equivalent, 0.57% nickel, 0.41% copper and 0.08% cobalt from a depth of 135m to 140.80m.
Arrow Exploration Corp CEO Marshall Abbott has said the company is encouraged by the results of the Rio Cravo Sur-1 (RCS-1) well testing on the Tapir Block in the Llanos Basin of Colombia. The RCS-1 well, which was spud on May 23, 2022, targeted a three-way fault bounded structure with multiple high-quality reservoir objectives on the Tapir Block in the Llanos Basin of Colombia. The well was drilled to a total measured depth of 8,656 feet (8,105 feet true vertical depth) and encountered six hydrocarbon-bearing intervals totaling 55 net feet of oil pay. In a statement, Abbott commented: “We’re encouraged by the material results of RCS-1, the third well on the Tapir block. RCS-1 identified new zones for further exploitation with flowing results returning better than expected.”
Altaley Mining Corporation said that over the past week it has successfully achieved ongoing pre-production with the first 500 ton per day (tpd) ball mill at its Tahuehueto Gold Mine. In an update to shareholders, the company said its operations team have been resolving various start-up issues related to the water supply pipeline and mill commissioning. Recently, processing has been stabilized with the mill achieving ore throughput up to 350 tpd and averaging approximately 195 tpd over the past 5 days. “Although the commissioning phase of Tahuehueto’s first ball mill has taken longer than anticipated, management is optimistic that most of the start-up issues are behind us and that the project will be able to maintain steady-state production with the initial ball mill and thereby begin to increase Tahuehueto’s concentrate sales and revenue over the coming months” Ralph Shearing, Altaley CEO & president said in a statement.
Fobi AI Inc has said that as part of its previously announced partnership with Barnet Technologies, the companies have launched a new mobile wallet pass loyalty and rewards platform called Bevy Pass. Bevy Pass, designed for Barnet’s liquor retail and hospitality customer base of more than 500 companies, is a one-tap digital loyalty membership program powered by a mobile wallet. Through the platform, participating retailers can provide their digital wallet passholders easy and immediate access to loyalty points, stored value credits, e-gift cards or stamp card functionality, Fobi said.
Steppe Gold Limited has said it expects second-quarter gold production from its ATO operation in Mongolia to reach around 10,400 ounces. “With one more pour to come on June 30, gold production for the month is expected to be around 3,200 ounces,” Steppe told shareholders. The Mongolian government is currently paying a 5% premium for gold and this will ensure an above-market achieved gold price in the quarter and strong operating cash flow for the quarter, the firm added.
Infinity Stone Ventures Corp said it has entered into a letter of intent (LOI) with Quartier Minerals Inc to option the Galaxy pegmatite project located near Mont-Laurier, Quebec. The company said the project hosts at least “30 pegmatite exposures which represent 30 pegmatite dikes” and that these pegmatites to have widths of 15 to 18 metres in outcrop. Analysis of the pegmatites shows anomalous quantities of lithium, tantalum, molybdenum, uranium, and thorium, it added.
Dalrada Financial Corporation announced that its clean energy subsidiary, Dalrada Energy Services (DES), has entered into a strategic partnership with Banyan Infrastructure, a San Francisco-based software company. The producer of disruptive products and services said the partnership provides a secure cloud-based software-as-a-service (SaaS) solution for DES sustainable infrastructure and renewable Environmental, Social, and Governance (ESG) projects, improving banking transparency. “Partnering with Banyan Infrastructure gives DES a 360-degree view of the financial components of its ESG contracts across IoT monitoring systems, bank accounts, and other asset management applications,” Dalrada Energy Services president Tom Giles said in a statement.
Gratomic Inc announced that an additional 778.2 metres (m) of drilling, for a total of 3,162.8m to date, has been completed as part of the 5,000m drilling campaign on its Capim Grosso graphite project in Brazil, with results that included 7.9m of 9.5% total graphitic carbon (TGC). The graphite projects developer said 22 diamond drill holes have been completed to date, with two additional holes in progress, and the outstanding assay results on the remaining completed holes are expected to follow at a later date.
Agra Ventures Ltd has announced that David Grand has been appointed as the company’s new chief executive officer (CEO) effective July 1, 2022, subject to the final acceptance of the Canadian Securities Exchange (CSE). Based in Ontario, Grand is an accomplished professional with over 30 years of progressive experience in several industries from leading high-growth startups to national companies. The company said its outgoing CEO, Elise Coppens, will remain with the company as a member of its board of directors. In a statement, Coppens said: “It is a pleasure to transition the leadership of the company to David and I am excited to welcome him to AGRA. Streamlining the Company over the last year and a half was necessary to position it for this transition and set AGRA’s next leader up for success. I look forward to David putting his stamp on the company and working hard to navigate the competitive landscape and create value.”
XPhyto Therapeutics Corp has announced that its director and founder Professor Dr Raimar Loebenberg is the 2022 recipient of the Canadian Society for Pharmaceutical Sciences (CSPS) Award of Leadership in Canadian Pharmaceutical Sciences. The award is bestowed upon an individual who has demonstrated leadership in advancing the cause of pharmaceutical research and development in Canada. In addition to his role at XPhyto, Dr Loebenberg is a Professor in the Faculty of Pharmacy and Pharmaceutical Sciences, University of Alberta (UoA) and the founder and director of the Drug Development and Innovation Centre (DDIC), UoA. XPhyto said it is “proud” to have Dr Loebenberg on its board of directors and leading its psychedelic medicine program with a multi-pronged approach, including GMP drug synthesis, proprietary drug delivery systems, novel psychedelic analogue engineering, and clinical validation.
SPYR Technologies Inc said it has retained veteran agency Integrity Media to manage its investor relations and corporate communication, including assisting in communicating the company’s roll-out of its new acquisition GeoTraq. SPYR CEO Tim Matula said the company was eager to have Integrity Media telling its story to the market and the media, especially given its recent acquisition of GeoTraq which he described as a “game-changer” for the company. “Integrity Media is a well-established and respected Investor Relations firm with a reputation for consistent and clearly written communication and for their efforts in advocating for investors,” Matula said.
FansUnite Entertainment Inc said it has received conditional approval to list its shares on the Toronto Stock Exchange (TSX). “Uplisting to TSX from the Canadian Securities Exchange is an accomplishment for any public issuer, as evidenced by the number of companies that successfully make the transition,” said Scott Burton, CEO of FansUnite in a statement. “By trading on a larger exchange we are in a position to have greater reach to domestic and international institutional investors that are looking to add an established gaming operator to their portfolio. The listing serves as a significant milestone for FansUnite, and follows a number of important corporate milestones the company has achieved since merging with Askott Entertainment in 2020,” he added.
African Gold Group Inc said it has completed its name change to Toubani Resources Inc to better reflect its strategic focus on the development of the Kobada gold project in southern Mali. Its shares began trading on the TSX Venture Exchange under a new ticker symbol ‘TRE’ at the opening of trading on June 15, 2022. The company said the name change also supported its move to dual list on the Australian Stock Exchange. Toubani CEO Danny Callow said the change in corporate identity by re-branding marked the first step in the company’s strategic expansion.
Numinus Wellness Inc has launched a new visual brand identity that will be applied to all its assets, including its clinics, research sites and digital properties, by the end of 2022. The fresh visual identity, created in partnership with leading creative agency GrandArmy, reflects the essence of Numinus’ vision and complements its continued growth as a leading mental health care company providing psychedelic-assisted therapies across North America. “Numinus has grown significantly since our founding in 2018. Our recent expansion to the US marked a key opportunity to revitalize our brand while unifying our service offerings,” Payton Nyquvest, the company’s founder and CEO said in a statement.
Binovi Technologies Corp said it has hired a new development team to update, integrate and maintain its best-in-class neuro-visual performance platform designed to test, analyze, track and report on individual cognitive performance. The company said with the increase in technology and breakthroughs occurring in vision therapy, it will focus on the redevelopment, update, and improvement of its Binovi Pro and Binovi Coach software and platform to make them more accessible and user-friendly. “Binovi’s software and technology needs to keep its position atop the field of vision therapy and by implementing a new development team, we will innovate and develop software that will keep our foothold in the market,” Binovi CEO Jatinder Dhaliwal said in a statement.
FSD Pharma Inc has announced the results of its annual general meeting (AGM) of shareholders held online and in virtual-only format on June 23, 2022. There were 164 shareholders represented in person or by proxy at the AGM holding 48 Class A Multiple Voting Shares and 7,885,958 Class B Subordinate Voting Shares,, representing 36.21% of the votes attached to the Class A Shares and Class B Shares. The nominees were elected as directors of the cto serve until the close of the next annual meeting of shareholders or until their successors are elected or appointed. In addition, at shareholders also re-appointed MNP LLP as the company’s auditor and authorized the directors to fix the auditor’s remuneration. FSD Pharma also said it remains active with its share repurchase program initiated on December 30, 2021. To date, 1,762,100 shares have been repurchased at market prices out of which 1,663,100 shares have been returned to the treasury and retired leaving 38,407,124 shares outstanding. Related, individuals qualified as “insiders” by regulatory standards, including co-founder and interim chief executive officer Anthony Durkacz, co-founder and president Zeeshan Saeed, director Donal Carroll etc. continue to add to their positions by purchasing FSD shares in the open market. FSD Pharma said it had a very active presence at BIO-2022 led by Dr. Lakshmi Kotra, CEO of Lucid Psycheceuticals, which took place at the San Diego Convention Center from June 13-16, 2022. FSD Pharma participated in numerous meetings, establishing new inroads for potential collaborations and partnerships as an ongoing effort to strengthen FSD’s current pipelines and global market access strategies. Lastly, the company noted that it was recently featured in an article by International Business Times, titled, “Multiple Sclerosis to Depression, Innovative Biotech aims for Total Brain Health.” The article discusses advances in science and technology and speaks at length about the role of FSD Pharma as an innovator developing new medicines targeting neurological diseases. Interested individuals can read the article at: https://www.ibtimes.com/multiple-sclerosis-depression-innovative-biotech-aims-total-brain-health-3537452
Biocept Inc has announced the appointment of RSM US LLP as its independent registered public accounting firm effective June 24, 2022. RSM was recently ranked the fifth largest accounting, tax and consulting services firm in the US for the 16th straight year by Accounting Today. RSM replaces Mayer Hoffman McCann P.C. (MHM), which notified the company on April 7, 2022, of its decision to decline to stand for re-appointment as the company’s independent registered public accounting firm. The company said the decision by MHM was not the result of any disagreement with the company. MHM’s audit reports on the company’s financial statements as of and for the years ended December 31, 2021, and 2020 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.
ACME Lithium Inc has announced that its president and CEO Steve Hanson and members of ACME’s technical team will be meeting and presenting a detailed overview of ACME’s US and Canadian lithium projects to industry and investment representatives at Fastmarkets Lithium Supply and Battery Raw Materials 2022 Monday June 27 to Wednesday June 29 in Phoenix, Arizona. The Fastmarkets Lithium and Battery Raw Materials Conference, a three-day event, is the largest global forum for lithium and battery raw materials, with keynote speakers and attendees from the world’s top producers, to end users as well as participants along the entire supply chain. Fastmarkets is the most trusted cross-commodity price reporting agency (PRA) in the agriculture, forest products, metals and mining, and energy transition markets: https://events.fastmarkets.com/event/f93282a9-4607-4aff-b5d2-3d84e393d82a/summary
Jushi Holdings Inc has announced that chief executive officer, chairman, and founder, Jim Cacioppo, has purchased 100,000 Class B subordinate voting shares of the company in the open market for an approximate amount of $151,000. Cacioppo holds in the aggregate approximately 16.9% of the issued and outstanding subordinate voting shares. Cacioppo, commented: “I am confident in our growth strategy and long-term outlook and have increased my ownership in Jushi to capitalize on what I view as an exceptional market opportunity. I strongly believe there is a significant disconnect between our strong business fundamentals and our current market valuation.”
In a separate statement, Jushi said it has amended and refiled its financial statements for the first quarter ended March 31, 2022, that have been reviewed by its auditor. The amended statements replace the previously filed unreviewed first quarter 2022 financial statements filed on SEDAR on May 27, 2022. In the amended statements, the company has revised the classification of interest payments on certain debt obligations in the consolidated statement of cash flows for the three months ended March 31, 2022. The revision resulted in an increase in net cash flows provided by operating activities from $2.3 million to $3.6 million, and a corresponding decrease in net cash flows provided by financing activities from $10.8 million to $9.5 million. In addition, the company has restated its diluted earnings per share calculation to incorporate the dilutive effect of its outstanding derivative warrants. Including the impact of the outstanding derivative warrants, the net loss per diluted share increased from $0.08 to $0.13. The restatement did not affect the company’s balance sheet or cash flows statement for the first quarter ended March 31, 2022.
Northwest Copper Corp has released the results of voting at its annual general meeting of shareholders held on June 24, 2022. A total of 59,335,184 common shares were voted, representing 37.7% of total shares issued and outstanding as at the record date of the meeting. Shareholders voted in favour of all items put forward by the company. Directors Mark O’Dea, Peter Bell, Sean Tetzlaff, Lewis V. Lawrick, Teodora Dechev and Richard Bailes were all re-elected to the board, and David Smith was elected to the board. David Moore chose not to stand for re-election as a director. Moore was with the company for 18 years and was chief executive officer of Serengeti for 17 of those years, prior to the merger with Sun Metals in 2021. “David Moore was instrumental in the discovery and delineation of the Kwanika project and is the architect of much of the portfolio that now constitutes the project pipeline of Northwest Copper,” said O’Dea, chair and director of the company. “On behalf of the board and executive team, I would like to sincerely thank David for his commitment, vision and dedication to the company over his 18-year tenure and look forward to his continuing contributions as a technical adviser.” Shareholders also voted in favour of appointing KPMG LLP as auditors of the company for the ensuing year and authorizing directors to fix their remuneration; and (reapproving the company’s stock option plan.
Thunderbird Entertainment Group Inc said it has retained Independent Trading Group (ITG) to provide market-making services in accordance with TSX Venture Exchange policies. ITG will trade the securities of the company on the TSX-V for the purposes of maintaining an orderly market. In consideration of the services provided by ITG, the company will pay ITG a monthly cash fee of $6,500 for minimum term of three months and renewable thereafter. The company and ITG are unrelated and unaffiliated entities. ITG will not receive shares or options as compensation. The capital used for market making will be provided by ITG.
Water Tower Research has published an initiation of coverage report on MillerKnoll Inc which can be accessed via the following link: https: //www.watertowerresearch.com/content/initiating-coverage-two-storied-companies-combine-an-in-depth-examination-of-herman-miller-and-knoll-together-as-millerknoll
OTC Markets Group Inc, the operator of regulated markets for 12,000 US and international securities, has announced that Fortune Bay Corp, an exploration and development company, has qualified to trade on the OTCQX Best Market and has today upgraded from the Pink market under the symbol FTBYF. 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. Dale Verran, CEO for Fortune Bay, commented: “We are pleased to have begun trading on OTCQX with the objective of enhancing our liquidity and strengthening our shareholder base. We look forward to engaging with new US investors as we continue to advance the company’s mineral exploration and development projects for the benefit of all stakeholders.”