A glance at some of the day’s highlights from the Proactive Investors US and Canada newswires
Group Eleven Resources Corp () (OTCMKTS:GRLVF) told investors that follow up drilling had started at its Carrickittle zinc prospect on its wholly-owned PG West project in the Republic of Ireland. The first phase of the work comprises six holes and 600 metres and will focus on Zone 1 of the prospect, testing the immediate extensions of the high-grade zone discovery announced in July. Then the firm reported 10.3m of 14.6% zinc and 5% lead, or 19.6% combined, and 43 grams per ton (g/t) silver in one hole. The overall program comprises 20 holes for 1,200m.
() (), a global leader in data and consumer privacy, announced Wednesday the addition of 132 new ways to redeem Killi payments. As the only pure-play, publicly traded company to pay its users in cash for their data, the company said it has added numerous new ways for consumers to redeem. Redemption options now include digital and virtual gift cards (in all Killi regions), Amazon gift cards (US and Canada), e-gift cards for multiple online retailers (all Killi regions), and the option to donate to various charities (all Killi regions).
Inc () (OTCMKTS:BRGGF) announced Wednesday it is adding former SB Tech CEO Richard Carter to its board of directors. As CEO of SB Tech, Carter helped to spearhead the US$3.3 billion merger of the interactive sports betting company with DraftKings, a leading digital sports and entertainment company. Carter, who will act as Bragg’s non-executive chair, will support Bragg’s interim CEO Adam Arviv on building the company’s global strategy, according to a statement.
HIRE Technologies Inc () announced Wednesday it is teaming up with US HR technology company Atlas ID for the exclusive distribution rights to Atlas’ COVID-19 risk mitigation software in Canada. Toronto-based HIRE will also invest US$200,000 in Atlas by way of a 10% convertible note, the company said in a statement. The software allows individuals to self-report COVID-19 symptoms and receive real-time test results with the discretion to choose when and with whom to disclose the results.
() () revealed on Wednesday Thursday that it has it has closed a definitive agreement for a $30 million credit facility with an affiliate of the LiUNA Pension Fund of Central and Eastern Canada (LPF). In a statement, the Toronto-based licensed producer and distributor of cannabis, said the $30 million credit facility will mature in August 2022. The funds will boost the company’s working capital and provide WeedMD with “significant financial” muscle to drive commercial initiatives during its next stage of growth. “With our facilities fully ramped up, licensed and engaging in the production of cannabis to a degree not seen before at WeedMD, we are officially in our next stage of growth and ready to execute our product strategy and expansion of our distribution networks,” said WeedMD CEO Angelo Tsebelis.
ImagineAR Inc () (OTCQB:IPNFF), the augmented reality (AR) specialist, has struck a landmark partnership with Spanish team Valencia C.F, one of the most famous football clubs in the world, to provide its augmented reality platform to engage its huge fan base. As the pandemic continues to keep fans away from matches, the tech company will provide Valencia, which is around 100 years old, with its IOS and Android SDK that fully integrates into the team’s mobile app. ImagineAR said the two-year partnership was a major milestone for the group and created huge visibility for the tech firm. Valencia C.F will not only be its first LaLiga partner. It is also its first professional sports team partner outside the USA.
Canada Silver Cobalt Works Inc () (OTCMKTS:CCWOF) has reported highly encouraging drilling results from its Castle property in the Gowganda silver camp in Ontario, which is showing the potential to expand the resource. At least four new mineralized veins have been identified in just the first 9,000 metres (m) of a 50,000m program, the firm noted, and due to this early success, the company is considering expanding the program. Notably, one hole hit an impressive 3,452 grams per ton (g/t) silver over 0.4m downhole, which was 75m above the original Robinson Zone discovery.
Technology Inc () (OTCQB:NTTCF), a cryptocurrency payments company, announced Wednesday that it has completed a partnership with Sosure Pty Ltd of Australia — which has developed a payment app that rewards users for participation. The app is a new reward ecosystem designed to give members the most flexibility and value when shopping. Partner merchants include restaurants, retail outlets, and online stores and members earn rewards that can be used across the entire network of participants in the network. said Sosure has chosen Melbourne, Australia as the focus of marketing efforts, and is now branching out into other markets across Australia. The platform is currently averaging 500,000 transactions per month, with average transactions exceeding $20. Sosure, whose platform is accepted by 450 merchants, also plans to add cryptocurrency as a payment method in the coming weeks, said.
Heritage Cannabis Holdings Corp () () released its fiscal 3Q results on Tuesday after the bell, that showed the company generated just over C$2.3 million in revenue, driven by the strength of its contract manufacturing services. CEO Clint Sharples called the quarter ended July 31, 2020 a “transitional” period, however, as the cannabis firm gears up to start sales of its Purefarma and Pura Vida brands, which launched this month in select Canadian provinces. In May, the Toronto-based company announced it was launching Purefarma, its in-house brand of formulated extraction products, which will be sold through its licensed facilities. Purefarma will be sold through recreational channels and will feature several products that consumers have previously had access to under the patient-to-patient regime, including CBD-focused products such as elixirs and vape pens.
NexTech AR Solutions Corp () () (FRA:N29) has literally let the ‘genie out of the bottle’ with its latest augmented reality marketing campaign to be rolled out later this year. Its “Genie in the Bottle” program features a human hologram, in the form of an interactive dietician and will be used to promote the group’s new proprietary line of organic human supplement products called ‘TruLyfe’. Evan Gappelberg, NexTech’s CEO said he believed the group’s latest marketing program for the now “golden age” of e-commerce would be game-changing technology that will “forever change how brands interact with customers”.
() () announced Wednesday that Glendale Securities Inc (the OTCQB sponsor) has received approval from the Financial Industry Regulatory Authority (FINRA) to quote and trade the company’s securities on the OTC Markets. BetterLife said it has satisfied the requirements of Rule 15c2-11 and will continue to use the trading symbol BETRF, enabling Glendale Securities to quote the company’s securities. BetterLife added that Form 211 clearance is crucial as it requires both the directors and principals of BetterLife and the company itself to pass stringent regulatory background checks and due diligence necessary to list in the US.
Todos Medical Ltd () revealed that it has struck an exclusive branding and distribution agreement with Australia-based Melbourne Biotech, a FDA-registered manufacturer, to supply high complexity CLIA labs in the US with fast, accurate 96 and 384 well Real Time Polymerase Chain Reaction (RT-PCR) machines. The Melbourne RT-PCR machines come with four, five or six channels to be able to identify multiple genes in the same well, said the company. Todos said it aims to focus the initial deployment of these RT-PCR machines towards its ongoing mobile CLIA lab project that it expects will reach the commercialization stage early in the fourth quarter of 2020. “Securing exclusive branding and distribution rights to a high quality RT-PCR machine such as Melbourne for the US market has been a top priority given that we have seen extensive delays in US delivery of other RT-PCR machines since the beginning of the COVID-19 pandemic,” Todos Medical CEO Gerald E Commissiong said in a statement.
(NASDAQ: PHUN) announced Wednesday that it has been recognized with the Best Mobile-Driven Enterprise Cloud Platform award by Corporate Vision Magazine for 2020. As an AI Global Media property, Corporate Vision Magazine receives an average of 50,000 page views online and is distributed digitally to more than 155,000 business leaders, executives, and key decision-makers worldwide, Phunware noted. “We invested more than $100 million dollars and eleven years to build category-defining mobile infrastructure for cloud-based, mobile-first, enterprise application deployments,” said Luan Dang, CTO and co-founder of Phunware, in a statement.
() (OTCMKTS:CBGZF) said it had discovered another high grade vein structure at its Cuiú Cuiú gold project in northern Brazil. A surface channel sample at the Jerimum North target, which lies 4km north-east of the MG deposit and 3.7km north-east of the recently discovered high-grade veins at the Machichie SW target area, returned 5.3 metres (m) at 24 grams per ton (g/t) gold. “The identification of yet another new NE-trending, high-grade vein structure, this time at the Jerimum North target, highlights the increasing importance of NE trending veins as hosts to high-grade gold mineralization within the Cuiú Cuiú gold district,” said Alan Carter, Cabral’s CEO, in a statement. “This new vein has never been drill-tested, and like the recently announced NE trending veins at Machichie SW, will undergo further surface exploration aimed at establishing along strike continuity prior to drilling.”
Holdings Inc () () is boosting its board with the addition of former KPMG partner Norm Mayr. Mayer, a former audit partner at the accounting giant, amassed diverse experience in the cannabis, mining, forestry, technology, life sciences, retail and industrial markets sectors. He was the lead engagement partner or quality review partner on many of KPMG’s largest clients in said industries, including several multinational reporting issuers. A seasoned accounting professional, Mayr was a founding member of CICA Accounting Standards Board in the early 1990s and served on multiple provincial and national accounting associations.
Empower Clinics Inc (OTCMKTS:EPWCF) () named finance industry veteran Kyle Appleby its finance chief on Wednesday, as the diversified wellness company focuses on business development and acquisitions. In a statement, Empower, which is one of the largest operators of medical health and wellness centers in the US, said Appleby has over 20 years of accounting and financial consulting experience. He has been a CFO to public and private companies in a broad range of industries. “The addition of Kyle to our leadership team is an important step right now, as we focus our efforts on business development and acquisitions,” Empower Clinics CEO Steven McAuley said in a statement. “We will leverage Kyle’s financial acumen and network to ensure we maintain superior finance and accounting controls, along with providing experience with deal structuring and fundraising,” he added.
American Manganese Inc () (OTCMKT:AMYZF), the battery recycling group, said it is taking part in this year’s tenth National Drive Electric Week – a US wide celebration to raise awareness of electric vehicles organised by Plug In America. This year will include online events for the first time, including a discussion on electric vehicle battery recycling. On October 2 this year, Zarko Meseldzija, chief technical officer (CTO) of American Manganese will present the RecycLiCo patented process for electric vehicle battery recycling and outline how American Manganese is promoting a circular economy. Plug In America is a non-profit, supporter-driven advocacy group and is the voice of plug-in vehicle drivers across the country.