NA Proactive news snapshot: Mandalay Resources, Canafarma, FSD Pharma, NetCents Technology...

Mandalay Resources Corporation (TSE:MND) (OTCQB:MNDJF) on Monday unveiled encouraging exploration drilling results from its mines in Australia and Sweden, which underscore the potential to continue to expand these operations. The metals miner has been carrying out regional testing and resource extension work at the Costerfield mine in Australia and the Björkdal operation in Sweden. Notably, a first hole at the Brown’s prospect, 2.3 km east from the high grade Youle mine at Costerfield, returned a highly significant intersection of 14.5 grams per ton (g.t) gold, over a true width of 1.27 metres (m) and 23.5 g/t gold over 0.12 metres, the firm said. Canafarma Hemp Products Corp (CSE:CNFA) announced on Monday that it will launch two new hemp oil-infused chewing gums in July this year. The move expands the hemp-focused group's flagship YOOFORIC chewing gum brand, under its confectionary line, it said in a statement Monday. YOOFORIC RISE, a chill mint flavor gum, contains a unique blend of full spectrum hemp oil, with naturally occurring CBD, Green Tea, Omega-3 Fatty Acids (DHA and EPA), L-tryptophan, Vitamin B3, Vitamin C, and Magnesium Citrate, the firm said. The second new gum is YOOFORIC PILLOW TALK, infused with a blend of hemp extract, melatonin, L-Tryptophan and Vitamin B3. It is aimed at helping a person calm their mind for a relaxed night of sleep. FSD Pharma Inc (NASDAQ:HUGE) (CSE:HUGE) announced Monday that a Phase 1 study of ultramicronized palmitoylethanolamide (PEA), or FSD201, found the drug “to be safe and well tolerated.” The company noted that mild and self-limiting side effects were reported and were deemed unlikely to be related to the study of the anti-inflammatory drug. In addition, there were no abnormal laboratory findings or ECGs observed during the study and no serious adverse events were reported. And no subjects withdrew due to an adverse event and all eligible subjects completed all doses.  CEO Dr Raza Bokhari said the company will submit the top-line results from the randomized, double-blind, placebo-controlled study for publication in a peer-reviewed journal and to launch a Phase 2a proof-of-concept trial of FSD201 for the treatment of COVID-19. NetCents Technology Inc (CSE:NC) (OTCQB:NTTCF), a cryptocurrency payments company,  announced Friday that it received an industry-leading US$1.4 billion credit facility to fund merchant settlements, thus making it easier to hold crypto positions. The company negotiated the deal — which it said is the largest credit line ever granted to a cryptocurrency payments company —  in order to increase the potential of cryptocurrency as a means of exchange. By using the facility to pay merchant settlements (read: the means by which merchants are paid by consumers) NetCents believes it can eliminate the volatility risk that makes holding crypto positions more difficult. GR Silver Mining Ltd (CVE:GRSL) (OTCQB:GLYXF) has reported more encouraging drill results from its Plomosas silver project in Mexico, which showed high grade mineralization outside the previously exploited Plomosas mine area. A silver, gold, lead, zinc underground mine operated at this area of the asset from 1986 to 2001 and GR Silver is continuing to review this area and the whole project, using historical drill data along with its own findings, the firm said in a statement. On the findings from its latest drilling, GR Silver said it found that gold and silver enriched veins and breccias occur in vertical and shallow-dipping fault zones on the footwall and hanging wall of the existing polymetallic mineralized zone, revealing potential extensions for a future resource estimation. HighGold Mining Inc (CVE:HIGH) (OTCQX:HGGOF) said its shares have started to trade on the OTCQX Best Market in the US on Monday. The gold exploration company listed on the TSX Venture Exchange in September 2019 after spinning out from junior Constantine Resources Ltd (CVE:CEM), while its shares began trading on the OTCQB Market in December 2019. "HighGold Mining looks forward to continuing to build its investor base in the US by trading on OTCQX the highest market tier and increased participation in the virtual investor events sponsored by OTC Market Group," CEO Darwin Green said in a statement. Ipsidy Inc (OTCQB:IDTY) has signed a partnership agreement with PharmacyID to create an identity verification solution for the Australian market. PharmacyID, which serves some 2,500 pharmacies with its identity verification platform, is seeking to enhance its current customer verification processes by combining Ipsidy’s trusted facial biometric, digital onboarding capabilities with their existing in-person verification of identity, according to a statement Monday. As Iidentity theft and online fraud increase, identity verification is essential in order to know who you are dealing with, as society moves towards ever more remote interaction and we become increasingly reliant on e-commerce and the Gig economy. Ipsidy said PharmacyID aims to ensure Australian organizations, businesses and individuals are protected from the growing threat of identity fraud, by providing trusted face-to-face verification of identity with original documents, through its vast network of local pharmacies. Under the agreement, PharmacyID will integrate with Ipsidy’s IDaaS platform to add Ipsidy’s mobile biometric identity services to its platform.  Mota Ventures Corp (CSE:MOTA) (OTCPINK:PEMTF) revealed a new agreement with Orgeon-based Sweet Earth Holdings Corp (CSE:SE) to sell CBD dog treats. Under the letter of intent, Mota Ventures will sell Sweet Earth’s pet products under its direct consumer brand, Nature’s Exclusive, in the US. Mota said it has initially chosen the Beef and Cheddar Potato CBD dog treats, a popular Sweet Earth product, with packaging to be customized to Nature’s Exclusive branding. WeedMD Inc (CVE:WMD) (OTCQX:WDDMF) said it had expanded its medical cannabis product portfolio with the launch of its strain-specific ‘Aurum’ vapes. The product line, which is made in-house at WeedMD’s extraction hub CX Industries, will be available to medical patients in coming weeks, the group said. It will also be rolled out into the adult-use market under the Color Cannabis brand in the third quarter of this year, said WeedMD. The product will initially launch with the Ghost Train Haze strain, followed by Mango Haze and soon after a high CBD-strain format. "Our Cannabis 2.0 strategy evolved after thoughtful consideration of our medical clients’ need for relief from specific indications that may require precise cannabis dosing via alternate delivery methods,” Angelo Tsebelis, the chief executive of WeedMD, said in a statement. True Leaf Brands Inc (CSE:MJ) (OTCQX:TRLFF) said it obtained orders from the Supreme Court of British Columbia to extend the stay of proceedings in the company’s restructuring process to July 31, 2020. The wellness company for people and pets announced a restructuring plan early in April and is is soliciting offers for its assets, including a 40-acre land package in Lumby, British Columbia, which houses an 18,000-square foot purpose-built cannabis facility and its pet supplement business. NexTech AR Solutions Corp (CSE:NTAR) (OTCQB:NEXCF) has signed a $135,000 one-year contract to provide its InfernoAR virtual events and video conferencing platform to events provider Real Asset Media. Real Asset Media creates forums to connect local market investment expertise with sources of investment capital in the UK, Germany, France, the Netherlands, Scandinavia, as well as in the US, North America, Asia and the Middle East. The firm plans to launch REALX.global, a virtual conference and exhibition for the commercial real estate markets, in September 2020. TraceSafe Inc (CSE:TSF) (OTCMKTS:UTOLF) announced that Singaporean construction firm Boustead Projects E&C Pte Ltd will use the company’s location management technology as it reopens its construction project sites. The agreement helps Boustead, one of the largest construction companies in Singapore, to safely account for its employees in the event of any confirmed positive cases of coronavirus, or COVID-19, as part of a set of criteria for safe reopening outlined by the Singapore Building and Construction Authority. For Canada’s TraceSafe, the deal represents the first enterprise contract tracing deployment of its location management product suite AllSafe. "We are thrilled that Boustead has agreed to deploy our technology at its worksite for their workers as they reopen,” TraceSafe Technologies Inc CEO Dennis Kwan said in a statement Monday. “Singapore is one of the most rapidly industrializing countries in the world. We believe that TraceSafe solutions are well suited for this application.”