NA Proactive news snapshot: BioHarvest Sciences, KWESST Micro Systems, Ayurcann Holdings, NEO Battery Materials UPDATE …

A glance at some of the day’s highlights from the Proactive Investors US and Canada newswires

BioHarvest Sciences Inc said it has granted a total of 113,200 stock options to employees and consultants. The stock options granted are exercisable to purchase common shares of the company at a price of $0.40 per share for a term of 10 years. Of the options, 100,000 granted will vest quarterly over a three-year period and 13,200 will vest monthly over a six-month period.

(, ) Micro Systems Inc said it has posted audio of today’s corporate update from the company’s executive chairman David Luxton on (, )’s YouTube channel. Luxton reported on the recent progress of the company’s go-to market strategy for its various products as well as providing an in-depth update on KWESST’s commercialization plans for its non-lethal Low Energy Cartridge (LEC) system, which will have its official commercial launch at the SHOT Show in Las Vegas in January 2022. “One clear priority for KWESST remains the commercialization of its non-lethal Low Energy Cartridge (LEC) system with an accelerated plan in response to market interest and high growth across all segments of the non-lethal market,” Luxton said in a statement. The link is available at:  https://www.youtube.com/watch?v=sJw_F3DQFVw 

Ayurcann Holdings Corp reported a record 1,149% increase in its revenue for the fiscal year ending on June 30, 2021, closing at $7.6 million, as compared to $611,829 in fiscal year 2020. The massive increase was driven by multiple supply agreements, a ramp-up in production capacity at its manufacturing facility in Pickering, Ontario, and its entry into five new markets including Ontario, Manitoba, Alberta, and Saskatchewan. The cannabis extraction company said that it also saw substantial growth in operating income of $2,159,309 — an increase of 440% over the fiscal year 2020 — representing gross margins of 60%. “We are thrilled to see our revenues growing consistently. Our margins are robust, and we are increasingly profitable,” said Igal Sudman, CEO of Ayucann. “We are proud to be one of the very few in our peer group showing growing revenues and a positive operating income with a consistent path of profitability.”

NEO Battery Materials Ltd has announced the appointments of University of Toronto professors Mohini Sain and Ning Yan to the company’s scientific advisory board. Sain is an expert in the field of bionanotechnology, low carbon functional materials and next-generation low carbon transportation, while Yan specializes in the field of bio-based chemicals and products from renewable biomass. “With sustainability throughout NEO’s production and supply chain being a core value, the company will cooperate with Dr Sain and Dr Yan to optimize renewable materials that can be implemented as low-cost nanocoating materials, binders, and conductive additives to NEO’s silicon anode materials,” NEO Battery Materials CEO Spencer Huh said in a statement.

Panacea Life Sciences, Inc. – the renamed Exactus, Inc. – has said it plans to capitalize on Denver International Airport’s (DEN) popularity among travelers to market its Cannabidiol (CBD) products. Passenger traffic at Denver airport was the third-highest in the world during the first half of 2021 with nearly 25 million passengers, offering many opportunities for travelers to see, try, and buy Panacea’s CBD products at its two kiosk locations in B and C concourses at the airport, the company said. “While some may be hesitant to purchase CBD while traveling, it’s important to know that hemp-derived CBD products are legal in all 50 United States, as long as the products contain less than 0.3% THC – a rule which Panacea follows stringently,” added Panacea n a statement. The airport retail space has proven to be a big move for Panacea. In May 2021, the company began to sell its products at the airport, marking the first time that CBD products have been made available for passengers and visitors at the site.

LexaGene Holdings Inc announced that it has completed the first stage of its agreement with the US Army’s Combat Capabilities Development Command (DEVCOM), reporting a successful detection of anthrax spores on the MiQLab system. The molecular diagnostic company is working to foster innovative biothreat defense capabilities which fall in line with DEVCOM’s current technology priorities. The agreement was signed in September 2021. LexaGene’s MiQLab system can deliver specificity, and breadth of detection and can return results in approximately two hours. Its open-access feature is designed for custom testing so that end-users can load their own real-time PCR assays onto the instrument to target any genetic target of interest, the company said.

() Company Ltd said it continues to grow its cash flow-focused portfolio, announcing it had struck a US$95 million gold stream deal with Orion Mine Finance over the latter’s 40% interest in the Greenstone gold project, which is set to become one of Canada’s largest gold mines. Nomad will make up-front cash payments totaling US$95 million for 5.938% of the gold produce attributed to Orion’s 40% interest in the Ontario mine until 120,333 ounces have been delivered and 3.958% thereafter. As part of the deal, Nomad said it had also made a long-term commitment to funding mine-level environmental, social and governance (ESG) programs and will make payments to Greenstone Gold Mines LP (GGM), the owner of the project, equal to U$30 per ounce of gold it receives.

(, ) said it increased revenue and gross profit in its fiscal year ended June 30, 2021. The company reported total net revenue of $7.96 million, compared to $7.78 million in the fiscal year 2020. The 2% year-on-year increase was driven by the company’s best-selling LivRelief extra-strength transdermal CBD cream. Harvest One said it clocked a gross profit of $1.91 million in the fiscal year 2021, a 24% year-on-year increase from the $720,000 profit it recorded the previous year. “Our year-end financial results clearly illustrate that the Company is continuing to increase its revenues and significantly reduce operating and overhead expenditures to achieve profitability,” Harvest One CEO Gord Davey said in a statement.

(, ) Inc has announced it is planning to raise up to $5 million to help its expansion efforts. In a statement, the Vancouver-based company outlined multiple uses for the proceeds from the offering, highlighted by a sales and marketing push to help the gaming firm expand globally. Additional funds will be used for software engineering, product design, customer support and team leadership, to increase IT infrastructure, increase dealer staff and support staff, new studio locations,  and US strategic initiatives including corporate licensing and certification, according to a statement.

(). has announced that it now accepts Bitcoin for purchases of high-performance computers and peripherals provided by its Lyte Technology business unit. To commemorate Phunware’s acquisition of Lyte, the company has also launched Black Friday specials on four optimized personal computers designed specifically for crypto miners, gamers, streamers, and traders. “The great thing about purchasing one of these optimized systems is that we take the guesswork out of choosing the best PC for your needs,” said Caleb Borgstrom, founder of Lyte Technology, in a statement. “And as we work to make Phunware’s vision for a blockchain-enabled, decentralized data economy possible, it only makes sense to better meet the needs of our growing community by accepting bitcoin.”

Naturally Splendid Enterprises Ltd announced that its NATERA plant-based, meat-alternative entrees will be available at Denny’s restaurants and Bar One locations across western Canada. According to a statement from Naturally Splendid, diners at the popular restaurant chain will have a choice of either NATERA Seasoned Chick-Un Tenders and Chick-Un Nuggets. The products are launching at 71 Denny’s locations and 13 Bar One locations in BC and Alberta.

Major Precious Metals Corp has announced a definitive funding agreement, in which L1 Capital Global Opportunities Master Fund, part of the L1 Capital Group, will invest up to C$6 million in the company in the form of face-value convertible debentures. The company said it will receive net proceeds of up to C$5.4 million from the convertible debenture issuance, less applicable closing costs. “The net proceeds from this innovative financing with L1 Capital gives further support to our ongoing evaluation of the resource potential at the Skaergaard Palladium and Gold Project,” Major Precious Metals CEO Tony Williams said in a statement. 

(, ). has reported that all proposed resolutions were passed at its Annual General & Special Meeting, held on October 28, 2021, via virtual webcast. A total of 15,827,720 common shares of the 125,964,396 common shares outstanding were voted, representing 12.57% of the issued and outstanding common shares of Cypress. Shareholders approved the company’s Long Term Incentive Plan, and the re-appointment of Davidson & Company, Chartered Accountants, as auditors. Shareholders also voted in favour of setting the number of directors at eight, and re-elected/elected the following directors: Cassandra Joseph, William Willoughby, Donald Huston, James Pettit, Donald Myers, Bryan Disher, Amanda Chow and Ken Owen.  The company welcomed Owen to the board of directors. He has over 40 years of experience in the mining industry, holding management positions at De Beers, and Anglo American, including senior vice president of Anglo American South Africa.  Bill Willoughby, president and CEO commented: “We welcome Ken to our Board. His extensive experience in developing and operating major projects will be invaluable at this stage in our Company’s growth. His addition to the Board enhances our capability of moving our Clayton Valley Lithium Project forward to the next stage. We would also like to sincerely thank the Company’s shareholders for their continued strong support.”

() has announced the results of voting at its annual general meeting of shareholders which was held on October 27, 2021 in Vancouver, British Columbia. There were 20 shareholders represented in person or by proxy at the meeting holding 22,733,322 common shares, representing 13.51% of the company’s total issued and outstanding common shares as at the record date for the meeting and all resolutions were overwhelmingly approved by the shareholders.

(, ) Corp said the TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on August 23, 2021, and August 24, 2021, which will see the issue of a convertible debenture with a US$45 million principal amount convertible into common shares at 25 US cents per share until maturity on December 1, 2026, and an interest rate of 6.95% per annum with seven placees.

QC Copper and Gold Inc said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement announced October 6, 2021, which will see the issue of 11,615,000 flow-through shares at a purchase price of 60 cents per share with 46 placees.

() has said it will release financial results for the third quarter ended September 30, 2021, after market close on Friday, November 12, 2021. Management will host an investor conference call at 4.30pm Eastern time on November 12, 2021 to discuss the financial results, provide a corporate update, and conclude with Q&A from telephone participants. To participate, investors can the following information: US/Canada Dial-in: 1-877-300-8521; International Dial-in: 1-412-317-6026; Conference ID: 10161722; Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1509656&tp_key=0936465e20. A playback of the call will be available through Sunday, December 12, 2021. To listen, call 1-844-512-2921 within the United States and Canada or 1-412-317-6671 when calling internationally, using the replay pin number 10161722. A webcast will also be available via the following link: https://viavid.webcasts.com/starthere.jsp?ei=1509656&tp_key=0936465e20

(, ) has announced that it will participate in Microdose’s Wonderland: Miami to be held at the Adrienne Arsht Center for the Performing Arts in Miami, Florida on November 8-9, 2021. For more information about the event, or to schedule a one-on-one meeting with Mydecine management, investors can contact at myco@kcsa.com

(, ) Inc. has said it will host a virtual-only shareholder update call on Monday, November 1, 2021, at 9.00am-10.00am PDT (12.00pm-1.00pm EDT). The update call will be facilitated by Rob Anson, CEO and Mark Lotz, CFO, who will review the company’s year-end financial results as well as discuss milestones, financial strength, M&A and speak to expectations for the next fiscal year.  Anson and Lotz will also facilitate pre-submitted and live-chat questions and answers. The company will answer pre-submitted questions at the conclusion of prepared remarks. Investors are asked to submit their questions in advance to ir@fobi.ai. Investors can register to attend the webinar via the following link: https://us02web.zoom.us/webinar/register/WN_O1xbHIRVQo2jMkH7jKUFKg

(, , ). has announced that Gage Jull, the company’s executive chairman and Marshall Abbott, its CEO will provide a live presentation via the Investor Meet Company platform on November 4, 2021, at 2.30pm GMT. The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via the Investor Meet Company dashboard up until 9.00am GMT the day before the meeting or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet (, , ). via: https://www.investormeetcompany.com/arrow-exploration-corp/register-investor

Nextech AR Solutions Inc said it has engaged the services of Stockhouse.com to provide increased market awareness to the company. In conjunction with this engagement, Nextech has issued an aggregate of 69,518 common shares to Stockhouse at a deemed price of $1.87 per share, in consideration for the provision of services by Stockhouse valued at $130,000. The shares will be subject to a statutory hold period expiring on March 1, 2022.

() the operator of financial markets for 11,000 US and global securities, has announced that FYI Resources Limited, a resources company that is focused on developing an innovative and vertically integrated high quality, high-purity alumina, has qualified to trade on the OTCQX Best Market and has upgraded today from the OTCQB Venture Market. The OTCQX Market is designed for established, investor-focused US and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors.

(), the operator of financial markets for 11,000 US and global securities, has announced that Elevation Gold Mining Corporation, a Canadian based exploration and mining company focused on gold production from its Moss Mine in northwestern Arizona, 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. “Elevation Gold is pleased to graduate to the OTCQX as it continues to produce gold from its Moss Mine in northwestern Arizona. The Moss Mine has been in continuous production since 2018,” commented Michael Allen, president of Elevation Gold.

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