NA Proactive news snapshot: GameSquare Esports, Water Tower Research, Harbor Custom Development, BioSig Technologies UPDATE …

GameSquare Esports Inc reported strong 3Q financial results that saw the company’s revenue increase by 123% on a quarter-over-quarter basis to C$2,464,906. The figure compares to the C$1.1 million it reported in 2Q 2021 thanks to a strong showing from its Code Red esports division and the first contribution from its recent acquisition of Complexity Gaming.

Water Tower Research has published an updated note on metals recycling technology company Aqua Metals Inc (NASDAQ:AQMS), which is now applying its patented hydrometallurgical AquaRefining technology to lithium-ion batteries recycling. “Lithium-ion batteries recycling using the AquaRefining technology is different from other processes because it uses a closed-loop process that does not require any furnace (fossil fuels) and recycles chemicals and water used,” Water Tower Research analysts said. You can read the full report here: https://www.watertowerresearch.com/content/looking-ahead-to-lithium-recycling-applying-aquarefining-technology-for-lithium-ion-batteries/ 

Harbor Custom Development Inc has announced that it generated $18 million in revenue for its third quarter of 2021 — with an estimated net income of $3.6 million. “We are extremely pleased with our third-quarter results which represent a significant step forward for the company,” said Harbor CEO Sterling Griffin in a brief statement. “We will provide additional financial details for the quarter and a preview of our 2022 business objectives during our earnings conference call.”

BioSig Technologies Inc said that its PURE EP System has exceeded its procedural target of 1,500 patient cases in 2021. As of October 21, 2021, the PURE EP System had been used in over 1,560 patient cases by 71 physicians, up from 1,000 cases in June 2021, when the procedural guidance was raised amid increased technology usage in elective procedures. As the adoption of the technology increases and the coronavirus (COVID-19) hospitalization rates continue to decline, the company said intends to complete between 1,700-1,800 procedures by the end of 2021. “We are seeing increased utilization of PURE EP in the 13 hospitals we are currently working in. Physicians recognize value both clinically and economically or they would not be increasing their usage. Hospitals are rapidly scaling their elective procedures and thus we are now seeing increased case volumes and commercial activity,” Kenneth L. Londoner, Chairman and CEO of BioSig said in a statement.

Empower Clinics Inc has announced the opening of its latest The Medi-Collective (TMC) clinic in Mississauga, Ontario. The company said the satellite location, which is co-located in a private pharmacy, will connect patients with two family medicine doctors and one internal medicine specialist and will provide community members with convenient access to a diverse set of pharmacy services and medical practitioners. It said it also plans to offer other Empower Clinics services and products such as Kai Care specimen collection devices and MediSure diabetic management solutions to existing and incoming patients. As of today, the clinic is fully operational and accepting new patients and walk-in appointments, the company said.

Canada Silver Cobalt Works Inc said it is on track to achieve “key” milestones during the first quarter of 2022 at its Castle East project in northern Ontario, which includes completing the planned 60,000 metre (m) drill program and updating and increasing the silver resource after successfully closing its C$7.5 million financing on October 25, 2021. The company also said it plans to complete environmental baseline studies and advanced work towards an exploration permit for a future bulk sample, as well as initiate metallurgical testing for mineral processing for silver production. “We are now in the position to maximize the potential of the remaining drill program to further enhance our company’s resource at Castle East,” Canada Silver Cobalt Works President Matthew Halliday said in a statement.

Wishpond Technologies Ltd has been featured in the Desjardins Monthly Diversified Digest as ‘Focus stock of the month’, and has also been added to Desjardins’ small-cap watchlist. In a note to clients, Desjardins noted that Wishpond is a fast-growing, Software-as-a-Service (SaaS) based) marketing technology company with annual recurring revenue of $15 million. Serving small-to-medium (SMB) size businesses, Wishpond has outlined a multi-faceted growth plan focused on investment in sales, new product development; and accretive mergers and acquisitions. Wishpond completed three deals in 2021 — Invigo Media, PersistIQ, and Brax.io. 

Steppe Gold (NYSE:GLD) Ltd said that effective October 15, 2021, Kingston Ross Pasnak LLP has been appointed as the company’s auditor in succession to BDO Limited. The company said the former auditor’s contract was terminated due to disagreements with respect to the application of accounting principles relating to stream obligations, equity instrument valuation and control of a subsidiary entity. The company said it has consulted with BDO concerning the disagreements but has been unable to reach common ground meaning the former auditor was unable to complete the review of the company’s Q2 financial statements despite the company informing it of the reporting deadline and providing all requested information during the review period. The company has authorized the former auditor to respond fully to inquiries by the successor auditor concerning the unresolved issue. The change of the auditor and the recommendation to appoint the successor auditor was approved by the company’s Audit Committee and its board.

Fortitude Gold (OTCQB:FTCO), the Gold (NYSE:GLD) producer, reported that its third-quarter 2021 earnings conference call was scheduled for Wednesday, November 3, 2021, at 11.00am EST and will be hosted by CEO Jason Reid.  The discussion will include 3Q results and an update on current operations. Reid will also host a question and answer (Q&A) session. The conference call will be recorded and posted to the company’s website.  To join the conference via webcast and to view presentation slides, investors can use the following link: https://www.webcaster4.com/Webcast/Page/2640/43508. To join via telephone, use:  Toll Free: 888-506-0062; International: 973-528-0011; Participant Access Code: 641800.

Adcore Inc (TSX:ADCO) has announced that it will be releasing its third-quarter 2021 financial results on Wednesday, November 10, 2021 after the market closes and will hold a conference call to discuss its third quarter 2021 financial results at 8.30am ET on Thursday, November 11, 2021. To register for the conference call, investors can use the following link: click.adcore.com/q3-conference-call.

Bragg Gaming Group (TSX:BRAG, NASDAQ:BRAG) Inc has announced that it will be releasing its third-quarter 2021 financial results on November 8, 2021. The release will be followed by a conference call at 8.00am, Eastern Time, hosted by Bragg CEO, Richard Carter, chief financial officer, Ronen Kannor, and chief strategy officer, Yaniv Spielberg, to discuss the company’s Q3 2021 results and provide a business update. Bragg is a gaming technology and content group with operations across Europe, North America and Latin America. To join the call, investors can use the following dial-in information – US/Canada: (844) 965-3274; UK: 0203 547 8613 or 0800 376 3133; International: (639) 491-2382; Passcode: 1363318. A replay of the call will be available for seven days following the conclusion of the live call. In order to access the replay, dial (416) 621-4642 or (800) 585-8367 (toll-free) and use the passcode 1363318. During the call, management will review a presentation that can be accessed via the following link: http://www.bragg.games/investors

Psyched Wellness (CSE:PSYC, OTCQB:PSYCF) Ltd has announced that its CEO Jeffrey Stevens will participate in Microdose’s Wonderland: Miami Conference on November 8-9, 2021. Wonderland: Miami will be held at the Adrienne Arsht Center for the Performing Arts in Miami, FL on November 8-9, 2021. Stevens will be participating in one-on-one meetings throughout the event. For more information about the event, or to schedule a one-on-one meeting with Psyched’s management team, investors can contact KCSA Strategic Communications at PsychedWellness@kcsa.com

Xigem Technologies (CSE:XIGM, OTCQB:XIGMF) Corporation said it has signed a binding letter of intent (LOI) to acquire the assets of business intelligence company Cylix Data Group in an all-stock deal valued at about C$32.4 million. Cylix, which has been operating for nearly three decades, has generated average annual revenues in excess of C$1.7 million and earnings before interest, taxes, and amortization (EBITDA) of over C$800,000. “The acquisition of Cylix will be transformative for Xigem, both in scale and in the growth opportunities it creates,” Xigem Technologies (CSE:XIGM, OTCQB:XIGMF) CEO Brian Kalish said in a statement. 

FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) announced that it has formally submitted its application to the Alcohol and Gaming Commission of Ontario (AGCO) to become a fully registered, gaming related supplier-manufacturer. As a license holder, the company said it would be able to provide Chameleon, its full-service, proprietary sports, esports and casino white label gaming platform, to other AGCO-approved operators. In August, the Canadian government approved Bill C-218, paving the way for provincial and territorial governments to manage single-event sports betting and licensing in their respective jurisdictions. Ontario, Canada’s largest province, is the first to accept applications from external iGaming operators. 

Algernon Pharmaceuticals Inc told investors it continued to advance towards a Phase 1 clinical trial of DMT to treat stroke, as the company unveiled more positive pre-clinical data from an in vitro study. The drug-repurposing firm is researching AP-188 (N,N-Dimethyltryptamine, or DMT), a psychedelic compound, as a potential treatment for the rehabilitation of stroke. In the latest study, the brain cells of rats were treated with DMT or vehicle for timepoints of 1, 6, 12, 24, and 72 hours at varying concentrations, and then allowed to grow until 72 hours total growth time had elapsed, the firm said in a statement. The results showed that the six-hour period was superior to other treatment time periods and doses. Algernon also confirmed that the increased growth was achieved with a sub-hallucinogenic dose.

Mason Graphite Inc (TSX-V:LLG, OTCQX:MGPHF). has announced “highly promising” results from trials using its Lac Guéret spherical purified graphite (SPG) with silicon (Si) additions. The company said the work program was conducted by Sicona Battery Technologies (Sicona), one of Mason Graphite’s strategic partners, using its patent-pending process of combining Si nanoparticles, carbon, SPG, and/or synthetic graphite in producing a cost-effective, high-performance next-generation lithium-ion battery anode material. Si increases the energy density of lithium-ion batteries, allowing more electrical energy storage per unit of anode volume — translating into a longer range for electric vehicles while using a battery similar in size. Silicon effectively displays a much higher capacity to store lithium (Li) ions, and thus energy, compared to graphite, but inevitably swells during charging, leading to important mechanical challenges.

Todos Medical, Ltd. has announced it is now adding the Hillel Yaffe Medical Center in Hadera as the second clinical trial site in Israel for its ongoing Tollovir Phase 2 randomized, double-blind, placebo-controlled clinical trial for the treatment of hospitalized coronavirus (COVID-19) patients. Tollovir is an oral 3CL Protease antiviral/anti-cytokine therapeutic candidate focused on blocking the 3CL Protease. The Shaare Zedek Medical Center in Jerusalem was the first site opened in April 2021 having enrolled 30 patients to date. An independent review of interim safety and efficacy data by the Data Safety Monitoring Board (DSMB) of the randomized trial data collected, expected before the end of 2021, will guide the next steps in the program’s development path towards the therapeutic treatment of COVID-19, Todos Medical added.

ElectraMeccanica (NASDAQ:SOLO) Vehicles Corp said its strategic contract manufacturing partner in China has exercised warrants, generating C$5.6 million in proceeds. The company said the partner, Zongshen Industrial Group exercised 1.4 million warrants at a C$4 strike price as of October 28, 2021.  “We are pleased to have received these proceeds from the warrant exercise – serving as validation of all that we do at ElectraMeccanica (NASDAQ:SOLO),” said ElectraMeccanica (NASDAQ:SOLO) CEO Kevin Pavlov in a statement. “I look forward to continuing our operational execution in the months and years ahead as we strive to revolutionize transportation and create sustainable, long-term value for all of our shareholders,” he added.

LQwD FinTech Corp announced it has purchased another C$4.5 million in Bitcoin since closing its previously announced financing. The infrastructure solutions provider has spent a total of C$7.8 million to purchase 133 Bitcoins at an average cost of around C$59,000 (US$45,000) per coin. In a statement, Vancouver-based LQwD said the purchase indicates its plan to accumulate Bitcoin as not only a reserve asset, but also an operating asset that reinforces LQwD’s Lightning Network SaaS platform that is under development.

PharmaDrug Inc said its German distribution subsidiary, Pharmadrug Production GmbH, has boosted its product portfolio ahead of the anticipated legalization of cannabis for adult use in Germany. The Canadian company said in a statement that its goal is to increase its pharmacy network and sales volume as it prepares for the “significantly increased potential” for cannabis if the substance becomes legal in Germany. Following its federal election in September, Germany has transitioned to a new coalition government made up of the Social Democrats, the Free Democrats, and the Green Party – all of whom have voiced support for cannabis legalization.

LexaGene Holdings Inc has said it has finalized the design of the MiQLab Pneumonia Panel for companion animals and completed initial multiplex testing. In June, LexaGene and Ethos Discovery partnered to develop a pneumonia panel to expand the utility of the MiQLab in veterinary diagnostics. Since then, the molecular diagnostic company said it has been working closely with Ethos Discovery to design and validate a panel for rapidly determining the cause of pneumonia while simultaneously screening for antimicrobial resistance factors that should be taken into account when treating such infections in companion animals. Respiratory illnesses can cause significant health concerns for the animals and can have a significant financial impact on pet care businesses, such as hospitals, kennels, shelters, and dog daycare camps, which often have to shut down in the event of an outbreak, the company noted.

District Metals Corp has welcomed the latest drill results from its flagship polymetallic Tomtebo project in Sweden, which, it said, had cut though the “strongest and widest interval of massive sulphide mineralization” at the property to date. The hole in question hit 30.4 metre (m) of continuous intense sulphide mineralization, starting from a depth of 143.6m, which included an intercept of 13.55m of impregnation to semi-massive sulphides and an intersection of 16.85m of massive sulphides. The hole was drilled 60m ‘up-plunge’ from another previously reported hole, which had returned 11m of continuous massive sulphide mineralization starting from a depth of 211.4m, which appears to show a continuity of mineralization, noted the company.

Vicinity Motor Corp. (TSX-V:VMC) has told investors it has received a letter of intent (LOI) from Pioneer Auto Group, a leading retail automotive dealer in British Columbia (BC), for an order for 100 VMC 1200 Class 3 electric trucks worth approximately C$14 million. Vancouver-based Vicinity noted Pioneer Auto retails over 6,000 vehicles a year from 17 locations mostly in BC, making them an excellent strategic partner for its electric trucks. The company carries over 1,500 vehicles in its network including Mitsubishi, Honda, Chrysler, Dodge, Jeep and RAM models. The 100 VMC 1200 Class 3 Trucks specified in the LOI are expected to be delivered in 2022, subject to the execution of a dealer agreement, with first orders starting in the first quarter, Vicinity added.

Ximen Mining Corp (TSX-V:XIM, OTCQB:XXMMF). said it has closed a non-brokered private placement of 4,545,456 flow-through shares at a price of C$0.22 cents each, raising gross proceeds of C$1 million. The net proceeds from the offering, originally announced on October 22, 2021, will be used for Ximen Mining’s exploration expenses at its mineral properties in British Columbia, the company’s president, CEO and director, Christopher R. Anderson, said in a statement. Each flow-through share consists of one qualifying common share, as defined in subsection 66(15) of the Income Tax Act, and one transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase, for a period of 36 months from the date of issue, one additional non-flow-through common share at an exercise price of C$0.35 per share.

NEXE Innovations Inc (TSX-V:NEXE, OTC:NEXNF). has announced that its coffee pods using its proprietary filter system are now available to purchase at nexecoffee.com. The fully-compostable, plant-based pods, are compatible with Keurig single-serve brewing systems. “After more than 6 years of R&D, we are delivering on our promise to bring to market a fully compostable coffee capsule made for Keurig brewing systems that utilizes the original Keurig design. The original Keurig capsule was engineered to be self-protected, prevent exposure to oxygen and water vapor, maintaining freshness. It was a challenge to meet these requirements while staying true to our mandate to construct a pod from plant-based renewable materials that is fully compostable. We not only met our goals, but we also exceeded them. Our patented design increases coffee extraction, providing a better tasting and bolder cup of coffee, every brew,” said Darren Footz, CEO of NEXE.

Dalrada Corporation said that on September 23, 2021, it authorized the creation of 10,002 Convertible Series G Preferred Shares at $0.01 par value per share. The holders of shares of Series G Convertible Preferred Stock have the right to convert each preferred share into shares of common stock. Dalrada’s primary investors are executing agreements that allow Dalrada to move $6,532,188 of principal and interest from Liabilities to Owner’s Equity as Convertible Series G Preferred Shares. The parties have agreed to waive penalties, interest, and default interest subsequent to September 30, 2021. The Convertible Series G Preferred shares will provide for the related equity to convert into common shares. The effect of this transaction will be shown on the company’s balance sheet to be published shortly. “As Dalrada evolves, the Company continually proves itself as an innovative business leader. Especially over the past two years amid unprecedented conditions, Dalrada achieved significant milestones. This increased awareness of Dalrada’s philosophy, purpose, and ongoing mission. And with a well-established foundation, Dalrada is poised for growth,” the company said.

Virtual Investor Conferences, the leading proprietary investor conference series, has announced the agenda for the upcoming Consumer Goods & Digital Services Virtual Investor Conference. The program opens at 8.45am ET on Thursday, November 4, 2021, with the first live webcast at 9.00am ET. Individual investors, institutional investors, advisors and analysts are invited to attend and can register via the following link: https://bit.ly/3jx9t1m. It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend the live presentations or ask questions. “We are proud to welcome industry leaders whose product offerings and services continue to support the needs of today’s diverse consumer base,” said Jason Paltrowitz, EVP of Corporate Services at OTC Markets Group Inc. (OTCQX:OTCM) A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group’s suite of investor relations services specifically designed for more efficient Investor Access.  Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network. For more information about the program and to view a complete calendar of Virtual Investor Conferences, investors can visit: www.virtualinvestorconferences.com

CareRx Corporation (TSX:CRRX) has announced that it will host a conference call, including a slide presentation, to discuss its third quarter 2021 financial results on Wednesday, November 10, 2021, at 8.00am Eastern Time (ET). The company expects to report its third-quarter 2021 financial results via news release after market close on Tuesday, November 9, 2021. To access the conference call by telephone, investors can dial 416-764-8659 or 1-888-664-6392.  A live webcast of the conference call, including the slide presentation, will be available on the Events and Presentations page of the Investors section of the company’s website: https://carerx.ca/presentations/.  The webcast with slide presentation will be archived for 90 days on the Events and Presentations page.

Trutrace Technologies Inc. (CSE:TTT, OTC:TTTSF) said that director Michael Kraft has notified the company of his intention to retire from the company’s board for personal reasons, effective immediately. The company noted that Kraft did not advise the company of any disagreement with the company on any matter relating to its operations, policies or practices. The company said its board of directors and management would like to thank Kraft for his services and contributions and wish him the best in his future endeavours.

Global Energy Metals Corporation has announced the results of its Annual General Meeting of shareholders (AGM) held on Friday, October 29, 2021.  The AGM was held by telephone conference instead of the typical in-person meeting, in light of the continuing public health impact of the coronavirus (COVID-19) pandemic and considerations regarding the health and safety of employees, shareholders and other stakeholders. Each resolution and each nominee of the board of directors were approved by a vast majority of the shares voted. Resolutions tabled at the AGM as proposed in the Information Circular dated on September 24, 2021, included appointing Dale Matheson Carr-Hilton LaBonte LLP as auditor, fixing the number of board members for the ensuing year at five, and electing the following directors – Erin Campbell, Gaston Reymenants, Peter Reynolds, Paul Sarjeant, and Mitchell Smith, and approving and ratifying the Stock Option Plan as required annually by the policies of the Toronto Venture Exchange.

Braxia Scientific Corp. (CSE:BRAX, OTC:BRAXF) has announced the voting results from its Annual General Meeting of Shareholders held on Thursday, October 28, 2021. A total of 11.77% of the issued and outstanding common shares of the company were represented either in person or by proxy at the meeting. In addition to the election of all nominees listed as directors in the management information circular, dated September 16, 2021, Braxia’s shareholders approved all other resolutions placed before the meeting. These included appointing DMCL as auditors for the company for the ensuing year.

Aurania Resources Ltd (TSX-V:ARU, OTCQB:AUIAF) has said the company’s prospectus dated October 14, 2021, was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the securities commissions of Alberta, British Columbia and Ontario, pursuant to the provisions of the Alberta, British Columbia and Ontario securities acts. The offering consisted of the issuance of 3,335,000 units at the price of $1.80 per unit, exclusive of the exercise of the over-allotment option. Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles its holder thereof to acquire one common share of the company at an exercise price of $2.20 per common share at any time prior to 4.00pm Toronto time on the date that is 60 months following the closing of the offering. The company also had the right to conduct a private placement financing, which resulted in the issuance of an additional 1,256,037 units and gross proceeds for the company of approximately $2.26 million at an offering price of $1.80 per unit. The exchange has been notified that closing of both the offering and the private placement occurred on October 21, 2021. Gross proceeds from the closing of both the offering and the private placement totalled $9,164,316.60.

Cloud DX (TSX-V:CDX, OTCQB:CDXFF) Inc  said the TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced September 1, 2021, which will see the issue of 2,192 convertible debenture units, each comprised a $1,000 principal amount unsecured convertible debenture and 1,430 common share purchase warrants which may be converted into common shares of the company at 35 cents at any time prior to the maturity date which is three years from the date of closing, while each warrant entitles the holder to acquire one common share at a price of 50 cents per common share for a period of 24 months from the date of closing, at an interest rate of 10% per annum with 36 placees.

Sonoro Gold Corp (TSX-V:SGO, OTCQB:SMOFF). has announced the filing of a technical report titled ‘Preliminary Economic Assessment of the Cerro Caliche Project, Sonora, Mexico’ (PEA) with an effective date of September 15, 2021. The results of the PEA were previously announced in the company’s news releases dated September 15 and 16, 2021. The PEA can be found under the company’s profile at www.sedar.com and on Sonoro’s website at www.sonorogold.com