NA Proactive news snapshot: Co-Diagnostics, EXMceuticals, NetCents Technology, Capstone Turbine UPDATE ....

NA Proactive news snapshot: Co-Diagnostics, EXMceuticals, NetCents Technology, Capstone Turbine UPDATE ....

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Co-Diagnostics Inc (NASDAQ:CODX) announced Thursday that its research-use-only CoPrimer test for the coronavirus is ready for sale to appropriate laboratories, hospitals, and institutions.The company’s announcement follows two weeks of efficient design, development, and verification activities to ensure that the polymerase chain reaction (PCR) test’s performance, first announced on January 23, meets the requirements of a large and growing market for coronavirus detection. The test was designed using the company’s proprietary process, including the CoDx Design software system, to rapidly identify and verify the most optimal target on the 2019-nCoV genome for a PCR assay.  EXMceuticals Inc (CSE:EXM) announced Thursday that it has appointed accomplished finance professional Michael Kinley as the company’s new chief financial officer. Kinley, a former partner with KPMG, has been the president of consulting firm Winslow Associates Management & Communications Inc since 1993. A trained chartered accountant, Kinley has served as an officer and director for several public companies over the past three decades. Kinley will work with the leadership team on executing the firm’s strategy of becoming a top low-cost producer of high-quality cannabis and hemp. The Vancouver-based cannabis firm has also acquired the minority 30% stake of EXM Portugal for a nominal value. NetCents Technology Inc (CSE:NC) (OTCMKTS:NTTCF), the cryptocurrency payments group, said that it is integrating the Lightning Network into its cryptocurrency merchant gateway. In a statement, the Vancouver-based company explained that the Lightning Network is a "Layer 2" payment protocol that operates on top of blockchain-based cryptocurrencies, enabling “near instant transactions” with extremely low or non-existent blockchain fees for users regardless of network congestion. Lightning Network will enable the company to complete payments off the blockchain and allow the company to process over 1 million transactions per second, said NetCents. Capstone Turbine Corporation (NASDAQ:CPST), the microturbine energy systems manufacturer, saw its aftermarket service business increase its margins by 20% during its fiscal third quarter despite lower product shipments. CEO Darren Jamison expressed optimism that the Van Nuys, California-based company would reach positive adjusted EBITDA by June 2020 thanks to higher gross margins. Total gross margin increased by $400,000, or 18%, to $2.6 million compared to $2.2 million in the year-ago quarter despite lower product shipments, the firm said on Thursday afternoon as it posted its fiscal 3Q results. Canntab Therapeutics Limits (CSE:PILL) (OTCMKTS:CTABF) CEO Jeffrey Renwick told shareholders on Tuesday that the firm is “on the doorstep” of full-scale manufacturing of medical cannabis in pill form. The CEO’s comments came as the Toronto-based company announced plans to raise around C$2.5 million to help fund the company’s near-term growth and expansion plans. "We accomplished the goals that we set out for ourselves almost 2 years ago, and we are now at the doorstep for the full-scale manufacturing and distribution of our innovative medical cannabis solutions,” Renwick said in a statement. American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) said it was extending the exercise period of over 8.4 million share purchase warrants, all of which are exercisable at C$0.30 each. They were issued pursuant to a private placement which closed over two tranches in 2018. The new expiry dates are as follows: Tranche 1: For warrants issued on February 13, 2018 the new expiry is February 13, 2021. Tranche 2: For warrants issued on March 2, 2018, the new expiry date will be March 2, 2021. Gevo Inc (NASDAQ:GEVO) shares got a bounce Thursday after analysts at Noble Capital Markets initiated coverage of the low carbon fuel company with an Outperform rating and a $3 price target. Analyst Poe Fratt believes there is a huge opening in the market for the company's sustainable fuels. In particular, he noted a recent deal made with three dairies, which agreed to provide manure that Gevo will turn into natural gas. Fratt also had positive things to say about the company's development of low carbon ethanol. “There is a clear fairway to producing ethanol with a lower carbon footprint and shifting toward renewable transportation fuels with lower carbon footprints,” Noble wrote Royal Road Minerals Limited (CVE:RYR) (OTCMKTS:RRDMF) announced Thursday that Daniel De Narvaez has resigned as a director. De Narvaez informed the company that it was necessary for him to step down at this time in order to fulfill the increased demands of another professional commitment arising from recent related positive developments. Peter Mullens, chairman, stated: "Daniel was instrumental in assisting Royal Road in establishing and building its business in Colombia. While we are sad to see him go, we understand Daniel's need to step down from the Board and to focus on his other professional commitment and we wish him and his family all the very best for the future." Gevo Inc (NASDAQ:GEVO), which is producing a new generation of low-carbon, drop-in, liquid transportations fuels, said Thursday it has received certification from the Roundtable on Sustainable Biomaterials (RSB). The certification is for Gevo’s sourcing of sustainable corn at its production facility in Luverne, Minnesota, and its production of intermediate feedstock Isobutanol, the company said in a statement. The RSB certification provides validation that Gevo’s business model works from a sustainability point of view and demonstrates that the company’s production is sequestering carbon in the soil, meeting limits on the use of chemicals in the production of its bio-based feedstock, respecting water, land, labor rights, and ensuring food security. “Gevo’s RSB certification is a great moment for the bioeconomy as it demonstrates that key components of jet fuel can be produced in a way that not only dramatically reduces greenhouse gas emissions but also ensures real positive social and environmental impacts,” said Rolf Hogan, RSB’s executive director. American Battery Metals Corporation (OTCMKTS:ABML) is plotting a course to be a model of environmental sustainability in the extraction of lithium from brine resources. Lithium extraction typically involves pumping brine water from underground aquifers up to the surface into large solar evaporation ponds. From there, the water evaporates away, revealing the lithium. The problem is that the process can take up to two years and causes significant disruption to the land surface ecosystem. "The American Battery Metals Corporation team is diligently working with our expert strategic partners to create the most efficient, cost-effective and state-of-the-art extraction technologies," Cole said in a statement. CleanSpark Inc (NASDAQ:CLSK) announced Thursday that it has completed the acquisition of all of the issued and outstanding shares of design and innovation consulting firm p2klabs Inc. The Las Vegas-based firm specializes in applying design, technology, and business process methodologies to create intuitive digital experiences and journeys that help transform and grow businesses. CleanSpark CEO Zach Bradford said the acquisition will enable it to continue to accelerate the development and deployment of the company’s software platforms and significantly expand its sales and marketing capabilities Nextleaf Solutions Ltd (CSE:OILS) (OTCMKTS:OILFF) completed the acquisition of intellectual property related to water-soluble cannabinoid formulations, the company announced Thursday. The intellectual property includes the foundational processing methodology and two water soluble formulations. Nextleaf told investors Thursday that it believes the critical driver for the success of cannabis-infused drinks and edibles involves onset time, or how long it takes for the consumer to feel the desired effect from the product. Minera Alamos Inc (CVE:MAI) (OTCMKTS:MAIFF) reported positive drill findings from its Santana gold mine project in Mexico, which showed significant widespread mineralization at the Divisadero area, which was discovered last year. Now the firm has sunk two holes to confirm local continuity of this mineralization and has confirmed the presence of Nicho-style gold values over "considerable thicknesses in an area that appears to remain open in multiple directions". All three holes now drilled into Divisadero have confirmed the presence of wide intervals of disseminated gold-silver mineralization, the company said. IEC Electronics Corp (NASDAQ:IEC) CEO Jeffrey Schlarbaum will present at the Imperial Capital’s Advanced Manufacturing & Supply Chain Conference to be held at the Hyatt Huntington Beach Resort & Spa at 2:15 pm PT on February 13. Schlarbaum will also be available for one-on-one and small group meetings throughout the day. The event features more than 35 top executives from a diverse group of industry leading companies who will discuss the latest trends affecting the Advanced Manufacturing ecosystem. NexTech AR Solutions Corp (CSE:NTAR) (OTCQB: NEXCF) (CSE: NTAR) announced Thursday that it has achieved record revenue and gross profit in January. The company saw $800,000 in revenue and a gross profit of $528,000. That was the highest revenue ever achieved in a single month, which represents a 110% increase in revenue and 172% increase in gross profits year-over-year. CytoDyn Inc (OTCMKTS:CYDY), a late-stage biotechnology company, said Thursday that it has filed a Phase 2 protocol for a basket trial with its lead drug leronlimab for treating all solid cancer tumors with the US Food and Drug Administration (FDA) under its cancer investigational new drug (IND) program. In a statement, the Vancouver, Washington-based company said it can immediately initiate enrollment in the Phase 2 clinical trial for the treatment of 22 different solid tumor cancers, including melanoma, brain-glioblastoma, throat, lung, stomach, breast, testicular, ovarian, uterine, pancreas, bladder, and colon carcinoma among other indications. EuroLife Brands Inc (CSE:EURO) (OTCMKTS:EURPF), the cannabis-focused group, has formed a panel of expert European advisors to help the company realise its business aims. Dr Heinz Schönleber, Josed Spaeth and Eckart Keil have joined as independent advisors to offer their expert knowledge on hemp product(s), agriculture and finance, the firm said in a statement. Mota Ventures Corp (CSE:MOTA) (OTCMKTS:PEMTF) is teaming up with BevCanna Enterprises Inc (CSE:BEV) (OTCMKTS:BVNNF) on a joint venture that would allow Mota to market and sell BevCanna's CBD products in Europe. The companies have signed a letter of intent to negotiate a venture in which BevCanna will contribute its in-house brands and formulations, as well as its proprietary intellectual property for water-soluble powders. Mota, on its part, will arrange manufacturing, marketing and distribution in Europe, with a particular emphasis on Spain, Portugal, Austria, Germany, France and the UK American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) announced a boost today from the Canadian government for its ground-breaking lithium-ion battery recycling project.  The group's technology recycles spent batteries to extract cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum. In a statement, American Manganese revealed it will receive advice and conditional funding from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to support the International Co-Innovation Action Plan (ICAP) between the company and Europe-focused firm Battery Safety Solutions (BSS). The main aim is to achieve a demonstration lithium-ion battery (LIB) recycling plant in Europe and North America. Phunware Inc (NASDAQ:PHUN) announced Thursday the successful deployment of its Multiscreen-as-a-Service (MaaS) platform for a publicly-traded destination casino resorts operator with a global footprint. “We are extremely honored that another category-defining brand selected Phunware to drive its digital transformation initiatives on mobile,” said CEO Alan Knitowski in a statement. “Our MaaS platform provides hospitality operators worldwide with the ability to more easily engage, manage and monetize their guests while scaling seamlessly to each of their properties both domestically and abroad.” Phunware said it launched at two multi-billion dollar resort properties representing two of the largest luxury casino hotels in the US. Exro Technologies Inc (CSE:XRO) (OTCMKTS:EXROF) is motoring across new terrain thanks to a new partnership with Finland’s leading snowmobile manufacturer Aurora Powertrains Oy. The Vancouver-based clean motor manufacturer said Thursday that Aurora will use Exro’s technology in its all-electric snowmobile, the eSled. Exro’s technology will be added to Aurora’s electric powertrain. The agreement represents Exro’s expansion into a multi-billion-dollar market segment and a key step in its global commercialization strategy. Great Panther Mining Limited (TSE:GPR) (NYSEAMERICAN:GPL) outlined plans to maximise its Tucano gold mine's exploration potential and has plans to drill 55,000 metres, at a budget of US$6.6 million this year. Tucano in Brazil was bought in March last year and is already seeing improved production rates.  Last year, Great Panther carried out 17,400 metres of exploration drilling. Media Central Corporation Inc (CSE:FLYY) said Thursday that its subsidiary NOW Central Communications Inc has launched its inaugural Renters Survey which will reveal the realities of renting in Toronto and help shape NOW’s future reportage on housing. The results will be published in NOW’s March 26 issue, which is available across 800 newsstands and online at nowtoronto.com.  Auryn Resources Inc (TSE:AUG) (NYSEAMERICAN:AUG) told investors that it has raised C$10.1 million following the closing of its previously announced private placing. The firm said it aims to use the net proceeds to pay for continued surface exploration at its Sombrero and Curibaya projects in southern Peru and for general working capital. Ximen Mining Corp (CVE:XIM) said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement, announced on January 30, 2020, which will see the issue of 500,000 shares at a purchase price of 30 cents each, together with 500,000 share purchase warrants at an exercise price of 45 cents each for an 18-month period, with one placee. It said the TSX Venture Exchange has also accepted for filing the company's proposal to issue 771,428 shares at a deemed price of 35 cents per share to settle outstanding debt for $270,000 with two creditors. Arctic Star Exploration Corp (CVE:ADD) said the TSX Venture Exchange has accepted for filing documentation with respect to its non-brokered private placement, announced on November 19, 2019, which will see the issue of 17,768,000 shares at a purchase price of 5 cents each, together with 17,768,000 share purchase warrants at an initial exercise price of 15 cents each with a two-year expiry, with 39 placees. Lingo Media Corporation (CVE:LM) has granted 450,000 stock options to directors and employees of the education technology company, the Toronto-based firm reported Thursday. The options are exercisable at C$0.05 per share under a three-year term. For directors, the options will vest quarterly over 12 months, while for employees they will vest quarterly over 18 months. Genprex Inc (NASDAQ:GNPX) said it received notice from The Nasdaq Stock Market on Tuesday that it had regained compliance with the exchange’s minimum bid price requirement. Now that the clinical-stage gene therapy company has once again satisfied the bid price rule, Nasdaq said it considers the matter to be closed. The TSX Venture Exchange has accepted for filing documentation with respect to a brokered and non-brokered private placements for mCloud Technologies Corp (CVE:MCLD) (OTCMKTS:MCLDD). There were 3,332,875 special warrants convertible into one unit of the company without payment of any additional consideration upon certain conditions being met. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole common share purchase warrant is exercisable into one common share at $5.40 for a five-year period. If the distribution is not qualified by way of prospectus within 60 days following closing, each special warrant will be convertible in 1.1 units. Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) will release its fourth-quarter and year-end 2019 results on February 12.  A conference call and webcast to discuss the results will be held for the investment community at 9 am MT (11 am ET). Investors can dial 888-231-8191 (toll-free in North America) or 647-427-7450 approximately 10 minutes prior to the conference call. The webcast link will be available at cenovus.com.

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