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NA Proactive news snapshot: PyroGenesis, Nerds On Site, Seelos Therapeutics, Flowr Corp, UPDATE …

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

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Your daily round-up from the world of Proactive

High tech manufacturing group PyroGenesis Canada Inc (CVE:PYR) (OTCMKTS:PYRNF) unveiled a 91% increase in sales in its third quarter, and said 2019 was turning out to be all that it had expected. The company provides contract research, as well as turnkey process equipment packages to the defense, metallurgical, advanced materials, and oil and gas industries, among others. The quarter to end September saw the firm increase sales and gross margin, reduce the loss, and increase its order backlog.

Nerds On Site Inc (CSENERD) (QTCMKTS:NOSUF), a Toronto-based mobile IT solutions company, updated investors on the expansion of its US operations. "In continuing to build a strong market presence, NERDS has several key growth initiatives that are building momentum in new US markets," CEO Charles Regan said in a statement. "Our team has put in place an innovative cybersecurity channel pilot partnership in the insurance sector, we have added to our NERDS team in Nevada and North Carolina and this week we are launching a marketing program to various chambers of commerce members in key regions where we now have the teams and infrastructure to serve."

Seelos Therapeutics Inc (NASDAQ:SEEL) said Wednesday that it has started dosing the first subjects in a Phase I Pharmacokinetic (PK) and Pharmacodynamic (PD) profile study of its SLS-002 intranasal racemic ketamine depression drug. The New York clinical-stage biopharmaceutical company’s profile study called SLS-002-102 is a two-part, randomized, double-blind, placebo-controlled, parallel and crossover study of intranasal and intravenous ketamine which plans to enroll 62 healthy volunteers. On November 18, SLS-002, which is aimed at patients with post-traumatic stress disorder (PTSD) and major depressive disorder at risk of committing suicide, was granted fast track designation by US regulators.

The Flowr Corp (CVE:FLWR) (OTCMKTS:FLWPF) said it was positioned to achieve its aim of being cash flow positive in the second half of 2020 as the cannabis grower continues to scale up the business.  Announcing third-quarter results to end September, the Toronto-headquartered firm noted the period saw it close a C$43.5 million equity financing and afterwards, in November, a C$25 million credit facility. Net revenue was around C$1.3 million, impacted by the concurrent construction and production at Kelowna 1, as well as the timing of the propagation of clones for Flowr Forest and a C$0.4 million impact from product returns and pricing adjustments. The net loss was C$14.9 million, compared to a loss of C$5.6 million in the same period a year ago.

American Manganese Inc (CVE:AMY) (OTC:AMYZF) has reached another milestone with its recycling technology, saying it has kicked off talks with contractor Kemetco Research on the preliminary engineering design and economic analysis for a commercial demonstration plant with the capacity to process 3 tonnes of cathode scrap per day. "When we first engaged Kemetco, in 2016, to begin lab-scale research on a lithium-ion battery recycling technology, Norm Chow and his brilliant team of scientists weren't just solving a problem on a lab-scale because they always considered the scalability of the process," noted Larry Reaugh, the president and CEO of American Manganese.

Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTTF) subsidiary CannMart Inc is teaming up with global house of brands TREC Brands Inc to bring the brand’s WINK cannabis products to Canadian consumers. The Toronto-based company’s online cannabis marketplace CannMart is joining forces with TREC, which offers dried flower, pre-rolls, oils and vape pens through brands like WINK, Blissed and Thumbs Up.

Metalla Royalty & Streaming Ltd (CVE:MTA) (OTCMKTS:MTAFF) has approved and declared a monthly cash dividend payment of 0.1 cent per share for December this year and for January and February next year. The payment dates are December 16,  January 15 and  February 17.

In the November 12 edition of the Gold, Energy & Tech Stocks newsletter, gold industry expert Jay Taylor continued to recommend Auryn Resources Inc (TSE:AUG)  with a Buy rating at a share price of C$1.81. Auryn, a gold and copper explorer with operations in Nunavut and Peru, is awaiting permits for planned Peruvian drilling, Taylor noted, but the company remains a Buy. Taylor has previously rated Auryn as a Buy seven times from March 16, 2015 to April, 2019.

Newsletter writer Jay Taylor is bullish on Great Bear Resources Ltd (CVE:GBR) (OTCMKTS:GTBDF), telling his subscribers that the gold company’s recent move to spin out a 2% royalty on Dixie as an “ingenious way of optimizing shareholder value.” In the November 12 issue of his Gold, Energy & Tech Stocks newsletter, Taylor refreshed his Buy rating on the stock. Taylor said investors still have lots to look forward to, with 18,000 metres remaining in this year's 90,000-metre drill program. Shares of Great Bear last closed in Toronto at C$6.24.

Recruiter.com Group Inc (OCTMKTS:RCRT), the expert network platform for recruiters, announced Wednesday it will be presenting at the 12th annual LD Micro Main Event on December 10 at 12:40 pm PST (3:40 pm EST.) Evan Sohn, board chairman, will be presenting and meeting with investors. The event runs from December 10-12 in Los Angeles at the Luxe Sunset Bel Air Hotel. It will feature 275 companies and more than 1,400 individuals are expected to attend. Recuiter.com, based in Houston, works by distributing jobs to a specialized network of more than 11,000 recruiters.

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