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NA Proactive news snapshot: Ayurcann Holdings, HempFusion Wellness, Fireweed Zinc, Fury Gold Mines, Ridgeline Minerals, AIM ImmunoTech UPDATE…

Ayurcann Holdings Corp (CSE:AYUR) reported its first quarterly results as a public entity highlighted by growing revenue and strong margins. The cannabis firm’s net revenue came in at C$2.6 million over the three-month period ended March 31, 2021, the group’s fiscal 3Q, compared to $1.6 million in the previous to end December 2020. Gross margins were $1.84 million or 70% compared to $302,000 in 2Q 2021 and adjusted EBITDA grew to around $1.1 million. HempFusion Wellness Inc (TSE:CBD.U) (OTCQX:CBDHF) (FRA:8OO) announced that its first-quarter 2021 revenue rose 7.6% sequentially to US$983,496, led by a 59% increase in its direct-to-consumer (DTC) e-commerce sales. The company also ended the quarter with US$17,074,030 in cash as of March 31, which it said gives it “ample room for strategic Mergers and Acquisitions (M&A).” Fireweed Zinc Ltd (CVE:FWZ) (OTCMKTS:FWEDF) (FRA:20F) has kicked off metallurgical and sorting test work at the Boundary Zone prospect at its giant Yukon project in a bid to optimize potential future processing if a mine is developed. The work includes assessing samples, which have been sorted via traditional methods and also modern sensor-based sorting, which is a proven technology deployed at many mines worldwide to upgrade mill-feed at low cost. Fury Gold Mines Ltd (TSE:FURY) (NYSEAMERICAN:FURY) (FRA:AUN) has posted encouraging results from drilling at its Eau Claire deposit in Quebec, expanding the Snake Lake structure, which sits 1 kilometre (km) east of the known resource. The results come from four of five holes at Snake Lake and one hit 94.1 grams per ton (g/t) gold over 0.5 metres (m), which extended high-grade mineralization 840m down dip. Another hit 7.51 g/t of the yellow metal over 2m, which was a 150m step-out hole from historical high-grade holes. Ridgeline Minerals Corp (CVE:RDG) (OTCQB:RDGMF) has named Mac Jackson as a technical advisor to the company. In a statement, the company said that Jackson is an AIPG certified professional geologist who in a distinguished 25-year career brings a proven track record of discovery to the Ridgeline team. As a senior exploration geologist at Newmont Corporation (NYSE:NEM) and most recently vice president of exploration for Gold Standard Ventures Corp (NYSEAMERICAN:GSV), the company also noted that Jackon led exploration teams that contributed to several multi-million-ounce Carlin-Type gold discoveries in Nevada — including the Leeville (Newmont), Fiberline (Newmont) and North Dark Star (Gold Standard Ventures) deposits. AIM ImmunoTech Inc (NYSEAMERICAN:AIM) CEO Thomas Equels told investors that the immuno-pharma company rounded out the first quarter by increasing its cash reserves to “aggressively move forward” with its clinical programs. As of March 31, 2021, the Ocala, Florida-based company had cash, cash equivalents, and marketable securities of $63.6 million, compared to $54.4 million as of December 31, 2020. “I’m extremely proud of the progress we have made throughout the first quarter…With our solid financial standing, we intend to execute on our corporate strategy and aggressively move forward with our clinical programs that address critical unmet medical needs,” Equels said in a business update. NexTech AR Solutions Corp (OTCQB:NEXCF) (NEO:NTAR) (FRA:N29) announced that it has signed a binding letter of intent to acquire Threedy.ai Inc, an artificial intelligence (AI) company based in Silicon Valley, in a C$9.5 million all-stock deal. Threedy’s patent-pending technology utilizes an AI-powered assembly line to enhance the creation of 3D models from 2D photos at scale. The company, founded in 2018, has a robust list of clients, including Walmart, Wayfair, Kohl’s Pier 1 Imports, K-mart Australia, Lighting Plus New Zealand and more, the company said. NexTech envisions that Threedy’s platform will become the self-service AR platform for all its AR solutions. Xigem Technologies Corporation (CSE:XIGM) (FRA:2C1) says its patent-pending iAgent technology is well-positioned to take advantage of the large shift towards remote working, which has been prompted by the COVID-19 pandemic. In a statement, the company pointed to a host of recent reports, which have underlined the sudden transition to working from home, including a poll of 30,000 US workers, which concluded it would lift productivity in the US economy by 5%. Major companies such as Ford, Facebook, Microsoft, Oracle and Shopify have also publicly committed to allowing employees to work from home at least some of the time, it highlighted. PlantX Life Inc (CSE:VEGA) (OTCQB:PLXTF) (FRA:WNT1) has agreed to acquire, through its wholly-owned PlantX Lifestyle USA Inc subsidiary, Matthew Kenney Cuisine Global LLC’s California-based Plant-Based Deli LLC (New Deli) for a purchase price of about US$1.6 million. New Deli, with its retail outlet located in Venice Beach, California, is a sustainable and plant-based neighborhood bodega offering retail goods that range from household supplies and personal hygiene products to frozen foods, pantry staples, snacks, beer, and wine. Tetra Bio-Pharma Inc (TSE:TBP) (OTCQB:TBPMF) said it was proposing to nominate two additional directors at its upcoming annual and special meeting of shareholders scheduled for May 28, 2021 as the company reported a raft of board changes. The board believes that the addition of Catherine Auld and John Kim will enhance the overall skill set of the board. Also, director Carl Merton has advised the company that he will not stand for re-election to the board due to other professional obligations. Accordingly, the board is proposing five nominee directors instead of four. Merton will remain as director of the company and chair of the Audit Committee to complete his current term, which expires at the start of the meeting. In light of Merton deciding not to stand for re-election, the board intends to appoint Catherine Auld as the new chair of the audit committee after the meeting, it said. Chairman Bill Cheliak will also not be seeking re-election, it added, so the company has appointed director Brent Norton as interim chair. Safe-T Group Ltd (NASDAQ:SFET) announced that its subsidiary Safe-T Data AR Ltd won two awards from Cyber Defense Magazine. The Israel-based data security company received the ‘Hot Company in Access Control’ and ‘Best Product in Micro-segmentation’ awards from the leading electronic information security magazine. Safe-T’s cloud and on-premises solutions mitigate attacks on enterprises’ business-critical services and sensitive data, while ensuring uninterrupted business continuity. Mountain Valley MD Holdings Inc (CSE:MVMD) (OTCQB:MVMDF) (FRA:20MP) says it aims to progress to Phase one human trials after a lab study of its Ivectosol technology showed positive antiviral effects on three coronavirus (COVID-19) variants. The BSL-4 study was the first of its kind ever conducted with human grade solubilized Ivermectin in the world, noted the biotech, and was tested on the original B.1.1.7 variant, the South African B.1.351 variant and the P.1 Brazil variant. Empower Clinics Inc (CSE:CBDT) (OTCQB:EPWCF) provided an update with respect to its previously announced management cease trade order issued by the British Columbia Securities Commission on May 3, 2021. The MCTO was issued in connection with the delay by the Company in filing its annual financial statements, management’s discussion and analysis and related officer certifications for the financial year ended December 31, 2020 before the prescribed deadline of April 30, 2021. Empower said it expects to have the audit of the required filings completed and filed no later than May 31, 2021. Versus Systems Inc (NASDAQ:VS) (FRA:BMVB) has announced that it will be working with Xcite Interactive, a company Versus recently reached a deal to acquire, to power the fan experience for a number of the teams playing in the NHL playoffs beginning this week. Versus and Xcite’s second-screen engagement platform will augment fans’ participation during NHL playoff games with interactive experiences, including predictive trivia games, traditional arcade games, social interaction and other activities that enable fans to play along while watching the game in-person or at home. Six of the 16 NHL playoff teams are using the companies’ predictive platforms. Cloud Nine Web3 Technologies Inc (CSE:CNI) (OTCMKTS:CLGUF) announced the appointment of Richard Oh, a former executive at PayPal Asia, and Eric Sim, CEO of GLOCONTECH, as the company’s new strategic advisors. Cloud Nine said Oh and Sim will join company advisor Shin-Young Park, CEO of WePay Korea, to develop and advance Cloud Nine’s Limitless Real-Time Coin payments and Blockchain Payment Gateway. OTC Markets Group Inc (OTCQX:OTCM), operator of financial markets for 11,000 US and global securities, today announced Netcapital Inc (OTCQX:NCPL), a publicly traded fintech company, has qualified to trade on the OTCQX Best Market. Netcapital Inc upgraded to OTCQX from the Pink market. “We’re proud to have successfully qualified to trade on the OTCQX Best Market and believe achieving this significant milestone will increase the attractiveness of NCPL shares to potential investors, particularly institutional investors,” commented Cecilia Lenk, CEO of Netcapital. “I want to celebrate and thank the Netcapital team for continuing to demonstrate our ability to execute against our objectives. We look forward to building on this momentum and delivering for stakeholders into the future.” OTC Markets Group Inc (OTCQX:OTCM), operator of financial markets for 11,000 US and global securities, today announced Transphorm Inc (OTCQX:TGAN), a design and manufacturer and global supplier of high reliability, high performance gallium nitride (GaN) power conversion products, has qualified to trade on the OTCQX Best Market. Transphorm Inc upgraded to OTCQX from the OTCQB Venture Market. Vuzix Corporation (NASDAQ:VUZI) has announced at the SID/DSCC Business Conference its tiniest, lowest power, most advanced microLED display-based projection engine to be made commercially available throughout the world. The company said these micro display engines, for which Vuzix partner Jade Bird Display will be supplying the microLEDs panels inside the projection engine, are built to be useful for a number of use cases — including view finders, HUDs, athletic eyewear, helmets, language translation pens, and pico-projectors. The engines will be utilized in the most advanced fashionable and ergonomic AR smart glasses currently in development by Vuzix. FansUnite Entertainment Inc (CSE:FANS) (OTCQB:FUNFF) has entered into a licensing agreement with Money Line Sports Inc to launch the online sports betting portal www.moneylinesports.tv before the upcoming professional football season. Founded in 2019 and launching in 2021, Money Line Sports is an Ontario-based company that is uniquely positioned within the European markets to provide premium streaming sports content and wagering technology. Under the agreement, FansUnite said Money Line will be an approved white-label partner and operator of its proprietary licensed online gambling solutions. Arizona Silver Exploration Inc (CVE:AZS) (OTCQB:AZASF) is pleased to announce that it has staked three placer mining claims at the company’s Philadelphia gold-silver project located in Mohave County, Arizona. The three placer claims cover 4,500 feet of a dry stream bed that drains approximately 6,000 feet of strike on the exposed Philadelphia Arabian gold-silver vein system. “We have staked these claims to cover the possibility that there may be significant placer gold trapped in the drainage due to erosion of the vein, which is currently exposed across the entire 6000 feet of strike length that this drainage captures,” VP Exploration Greg Hahn said. “We are currently considering how best to evaluate the placer gold potential on these claims.” Results from the last round of core drilling on the Philadelphia vein and the vein exposed on the Perry claim remain outstanding, and we expect those results shortly. Deep-South Resources Inc (CVE:DSM) (OTCMKTS:DSMTF) announced that CEO Pierre Leveille will be hosting a live investor webinar on Monday, May 24 at 2PM ET to go through the company’s May investor presentation including an overview of current operations and upcoming milestones. Registration is available here. NetCents Technology Inc (CSE:NC) (OTCQB:NTTCF) CEO Clayton Moore released a brief statement concerning the state of its delayed filings and management cease trade order. “(One) of the issues that I’m told is causing delay is user wallet confirmations. Now it’s my opinion that this process works with confirmations that are being sent to a broker who then relays the info to the investor of the Company they have invested in to send that confirmation back to the auditors. While this process works in that regard, I don’t see how that process works for users who have wallets on an exchange, I for example have multiple wallets on multiple exchanges,” Moore stated. “The likelihood of a wallet holder sending a confirmation back is highly unlikely given their wallet may be inactive, they don’t actively check the email they signed up with, or the emails are going to their spam folder. We’ve sent 42 confirmations and received 2 back. Now we are resending the confirmations again. The challenge with that process is motivating people who have no incentive to complete this process. It’s processes like these when wallets have already been checked and confirmed by the blockchain and the miners. It is one of many examples that are causing delays.” Arcadia Biosciences Inc (NASDAQ:RKDA) (FRA:17DN) reports that first-quarter revenue for 2021 increased by triple digits year-over-year. In a statement, the company said it generated $828,000 in 1Q revenue, compared to $309,000 in the year-ago period.  That is nearly a 300% jump.  California-based Arcadia said the increase was driven by GoodWheat grain sales and higher GLA product sales. Esports Entertainment Group Inc (NASDAQ:GMBL) (FRA:40Y1) has announced the financial results for its fiscal 2021 third quarter ended March 31, which included revenue that improved sequentially and kept the company on pace to meet its full-year guidance. The company saw $5.4 million in revenue during the period more than double from its fiscal second-quarter revenue of $2.4 million. Gross profit was $3.1 million, triple its $1 million profit in the prior quarter. The company attributed its revenue bump in part to its recent acquisitions of online casino operator Lucky Dino and live event provider Esports Gaming League. TPCO Holding Corp (dba The Parent Company) (NEO:GRAM.U) (OTCQX:GRAMF) reported its first quarterly results since its IPO in January that showed the cannabis firm had US$281 million in cash and equivalents. Net sales since January 15, 2021 came in at $39.9 million, a figure that would have been closer to $45.6 million if adjusted for the full quarter beginning in January. Gross profit in 1Q 2021 was $7.2 million, a gross margin of 18%, while its adjusted EBITDA loss came in at $11.4 million. Recruiter.com Group Inc (OTCQB:RCRT) reported that its first-quarter 2021 revenue rose 39% quarter-over-quarter to $3.2 million, primarily from increased use of the company’s Recruiters on Demand business. Recruiter.com also said 28,570 recruiters joined its virtual AI- and video-enabled hiring platform in the quarter ending March 31.  American Manganese Inc (CVE:AMY) (OTCQB:AMYZF) (FRA:2AM) told investors it had now received its patent covering its ground-breaking battery recycling process in South Korea, strengthening its patent portfolio. As reported in March 2021, the company revealed it had received a ‘notice of allowance’ from the Korean intellectual property (IP)  Office for the National Phase Patent Application. Gungnir Resources Inc (CVE:GUG) (OTCPINK:ASWRF) (FRA:AMO1) told investors that around 2,500 metres (m) of diamond drilling is due to kick off at its Swedish assets in the week beginning May 24. The work will initially focus on the Knaften property and the Knaften 300 Gold Zone (Knaften 300), where drill results have included shallow intersections of high-grade gold including 59.6 grams per ton (g/t) of the yellow metal in one hole and numerous wide zones of gold mineralization. After drilling at Knaften, around 1,250m of drilling is earmarked for the nearby nickel-copper-cobalt-PGE (platinum, palladium and gold) projects – Lappvattnet and Rormyrberget. CytoDyn Inc (OTCQB:CYDY) plans to submit the topline results of its CD12 Phase 3 clinical trial of Vyrologix (leronlimab-PRO 140) for severe to critically ill COVID-19 patients to regulatory agencies, including those in India and the Philippines. Patients in the CD12 trial were administered two doses of leronlimab, the first on day zero and another on day seven. Results showed that over that initial span, critically ill patients receiving leronlimab on day zero experienced a mortality rate 78% lower than patients receiving placebo.  Further, patients receiving the second dose of leronlimab on day seven achieved a peak benefit of 82% lower mortality, the company said. That said, the effects diminished from day 14 to day 21 and from day 21 to day 28, as the mortality rate decreased to 50% and 31%, respectively, which the company attributed to patients not receiving leronlimab after day 7.  Loop Insights Inc (CVE:MTRX) (OTCQB:RACMF) said it has completed the integration of the Loop Wallet pass platform with a new Universal Digital Coupon standard from non-profit The Coupon Bureau (TCB). The data analytics company said following the integration, when TCB Digital 8112 coupons are delivered through its Wallet pass platform, it will allow users to use their mobile phones to redeem coupons in a contactless and secure manner.  Willow Biosciences Inc (TSE:WLLW) (OTCQX:CANSF) (FRA:3D7) said it has been added to The Cannabis ETF (NYSE:THCX), an exchange-traded fund listed on the NYSE Arca, which tracks the Innovation Labs Cannabis Index, a portfolio of 33 stocks that are expected to benefit from the growth of the legal global marijuana, cannabidiol (CBD) and hemp industries.  Sassy Resources Corporation (CSE:SASY) (OTCQB:SSYRF) (FRA:4E7) has closed a non-brokered private placement financing in its subsidiary Gander Gold Corporation, including a strategic investment by well-known Canadian resource investor and gold bull Eric Sprott. Sassy said the private placement of 45,425,000 special warrants, issued at $0.05 each, generated gross proceeds of $2,271,250. The special warrants will be converted into common shares of Gander Gold at a date to be determined by the board of directors of the wholly-owned subsidiary, but no later than two weeks after Gander Gold becomes a reporting issuer, Sassy added. “We are very pleased to complete this financing in Gander Gold and to welcome Mr. Eric Sprott as a significant shareholder in Gander Gold,” said Sassy CEO Mark Scott. CO2 GRO Inc (CVE:GROW) (OTCQB:BLONF) (FRA:4021) announced that Canada’s Hague (Netherlands), Bern (Brussels), and Madrid (Spain) Trade Commission Offices have selected the company to present on “Collaborations in Sustainable Technologies in Agriculture.” In a statement, CO2 GRO said this is the first of a series of presentations organized by the Canadian trade commissioners in Europe, who are tasked amongst other matters with facilitating introductions for leading Canadian companies to their local business audiences. The virtual webinar on May 25 will start at 4pm Netherlands (10am EST) and 30 minutes of virtual networking is to be followed by an overview of Canadian solutions and innovation. Three companies from Canada will present their technologies and benefits to potential business partners followed by a Q&A session and another 30 minutes of virtual networking. Global Energy Metals Corporation (CVE:GEMC) (OTCMKTS:GBLEF) (FRA:5GE1) said the TSX Venture Exchange has accepted for filing documentation pertaining to a mineral claim purchase agreement between the company and DG Resource Management. According to the agreement, Global Energy can acquire a 50% interest in the Monument Peak copper-silver-gold project in Lemhi county in Idaho; the Chance Lake nickel-copper-cobalt property in the Hollinger North Shore region of Quebec; and the Amiral nickel-copper-PGE property in Quebec. The firm will acquire the interests by paying $200,000 in cash and issuing 1.75 million shares and 1.75 million warrants. Each warrant will be exercisable into one share at a price of $0.30 cents per share for a two-year period, subject to an acceleration right. The vendors have agreed to spend $100,000 on a work program on the Monument Peak property.  CytoDyn Inc (OTCQB:CYDY), a late-stage biotechnology company developing Vyrologix (leronlimab-PRO 140), said CEO Nader Pourhassan and Chairman Scott Kelly and Chris Recknor, who is the chief operating officer will host an investment community webcast on May 18, 2021. Management will provide an update on ongoing work with the US Food and Drug Administration and other regulatory agencies on using sub-population data to ensure future adequate trial design, in order to continue to further its clinical development of leronlimab in the treatment of patients with COVID-19. Management will spend 60 minutes to address questions submitted online by analysts and investors on May 18, 2021, at 1:00 pm PT/4:00 pm ET. Prior to the webcast, questions can be submitted online to cydy_team@cytodyn.com. During the webcast, questions can be submitted through the webcast link HERE.   Vox Royalty Corp (CVE:VOX) (OTCMKTS:VOXCF) revealed that it has struck a non-binding letter of intent with Electric Royalties Ltd (CVE:ELEC) (OTCMKTS:ELECF) for it to acquire a portfolio of two graphite royalties from Vox. The rapidly growing Toronto-based royalty company with a portfolio already spanning several continents, said the graphite portfolio consists of a 2.5% gross concentrate sales royalty on graphite production at the Graphmada Graphite Mining Complex in Madagascar; and a 0.75% gross revenue royalty on the Yalbra graphite exploration project in Western Australia.  “The total consideration for the transaction is C$2,850,000 in shares of Electric Royalties and a C$50,000 cash non-refundable exclusivity payment,” said the company.  Fury Gold Mines Ltd (TSE:FURY) (NYSEAMERICAN:FURY) (FRA:AUN) has posted encouraging results from drilling at its Eau Claire deposit in Quebec, expanding the Snake Lake structure, which sits 1 kilometre (km) east of the known resource. The results come from four of five holes at Snake Lake and one hit 94.1 grams per ton (g/t) gold over 0.5 metres (m), which extended high-grade mineralization 840m down dip. Another hit 7.51 g/t of the yellow metal over 2m, which was a 150m step-out hole from historical high-grade holes.  Xigem Technologies Corporation (CSE:XIGM) (FRA:2C1) says its patent-pending iAgent technology is well-positioned to take advantage of the large shift towards remote working, which has been prompted by the COVID-19 pandemic. In a statement, the company pointed to a host of recent reports, which have underlined the sudden transition to working from home, including a poll of 30,000 US workers, which concluded it would lift productivity in the US economy by 5%. 

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