Venture Breakfast Bits, by 24/7 Market News

DENVER, Colo., October 2, 2019- (24/7MarketNews via COMTEX) Venture Market News for October 2, 2019.

CytoDyn Announces FDA Clearance to Proceed with Phase 2 Clinical Trial of Leronlimab (PRO 140) for Treatment of NASH

VANCOUVER, Washington, Oct. 01, 2019 (GLOBE NEWSWIRE) — CytoDyn Inc. (OTC.QB: CYDY), (“CytoDyn” or the “Company”), a late stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, announced today FDA clearance to initiate enrollment in the Company’s Phase 2 clinical trial for the treatment of non-alcoholic steatohepatitis (NASH). The Phase 2 trial is designed to test whether leronlimab may control the devastating liver fibrosis associated with NASH.

Full press release

Kraig Biocraft Laboratories COO Travels to Vietnam to Assist Transition of Production Operations to New Factory

Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers, announces today that Jon Rice, the Company’s chief operating officer, will travel to Vietnam, this week, to work with the Company’s subsidiary, Prodigy Textiles, on the transition of silk production operations into its recently renovated facility in Quang Nam province. During this trip, Rice expects to review the completed facility improvements, coordinate operations with Prodigy Textiles senior staff and production workers, finalize production and transportation logistics, discuss production throughput rates and targets, as well as review the security and quality control systems being implemented.

Full press release

TerrAscend Announces Closing of First Tranche of Proposed US$25 Million Non-Brokered Private Placement of Unsecured Convertible Debentures and Warrants

 Initial tranche includes US$10 million subscription from Canopy Rivers.

TORONTO, Oct. 2, 2019 /PRNewswire/ – TerrAscend Corp. (CSE: TER; OTCQX: TRSSF) (“TerrAscend” or “the Company”), the first and only global cannabis company licensed for sales in Canada, the US, and the EU, today announced the Company intends to complete non-brokered private placement offerings (the “Offerings”) to raise approximately US$25 million through the issuance of units of each of TerrAscend (the “Enterprise Offering”) and TerrAscend Canada Inc. (the “Canadian Offering”). Each unit in the Enterprise Offering is comprised of one unsecured convertible debenture of TerrAscend and 25.2 common share purchase warrants of TerrAscend. Each unit in the Canadian Offering is comprised of one unsecured convertible debenture of TerrAscend Canada Inc. and 25.2 common share purchase warrants of TerrAscend. The first tranche of the Canadian Offering, a US$10 million lead order from Canopy Rivers Inc. (“Canopy Rivers”) (TSX: RIV, OTC: CNPOF), has been completed.

Full press release

EnviroLeach Technologies Invited to Present at the United Nation Assembly in New York

VANCOUVER, BC / ACCESSWIRE / October 2, 2019 / EnviroLeach Technologies Inc. (the “Company “or “EnviroLeach”) (CSE:ETI)(OTCQB:EVLLF)(7N2:FSE) is pleased to announce that it has been invited to present its break-through hydrometallurgical gold extraction technologies at the NGO Sustainability event at the United Nations in New York on Oct 4th, 2019.

Full press release

Flower One Targets California for West Coast Expansion

Leading cannabis cultivator and producer, Flower One, to bring its highly-focused approach to the largest legal cannabis market in the world

TORONTO, Oct. 2, 2019 /CNW/ – Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF), the cannabis industry’s first seed-to-shelf solution provider, today announced that it has initiated its West Coast expansion. After successfully delivering the largest facility in Nevada, from conception to revenue generation in less than 14 months, Flower One has now set its sights on California as its next strategic market.

Full press release

Aleafia Health Appoints New Lead Independent Director

TORONTO, Oct. 02, 2019 (GLOBE NEWSWIRE) — The Board of Directors of Aleafia Health Inc. (TSX: ALEF, OTC: ALEAF, FRA: ARAH) (“Aleafia Health” or the “Company”) has appointed Lea Ray as its new Lead Independent Director.  As previously announced on April 4, 2019, the role rotates among independent directors every six months, as determined by a majority of the Company’s independent directors. Loreto Grimaldi has acted as the Lead Independent Director since April 4, 2019.

Full press release

Marathon Gold Reports New Drill Results from Marathon Deposit at Valentine Gold Project, NL

TORONTO, Oct. 02, 2019 (GLOBE NEWSWIRE) — Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to announce positive results from the ongoing infill drilling campaign at the Marathon Deposit, part of the Valentine Gold Project in central Newfoundland. The new drilling continues to successfully demonstrate the occurrence and continuity of gold mineralization both along and across strike of the 1,500-meter long “Main Zone” within the Marathon Deposit, as well as from surface to the base of the currently planned open pit, where mineralization remains open to depth. In particular, the latest results confirm significant new zones of gentle SW-dipping, en-echelon stacked Quartz-Tourmaline-Pyrite-Gold (“QTP-Au”) veining in areas of limited previous drilling within the southwestern area of the planned Marathon open pit. Highlights of the latest drilling include:

Full press release

TILT Holdings Announces Forfeiture of 60 Million Stock Options from Founders

TILT Holdings Inc. (“TILT” or the “Company”) (CSE: TILT) (OTCQB: TLLTF), a foundational technology cannabis platform comprised of assets to support brands worldwide, announced today that the Company has negotiated an agreement with six of its remaining founders regarding the immediate forfeiture of all 60,217,088 stock options granted at the time of the merger, as well as the final separation of most of these founders from the Company. During the second quarter of fiscal 2019, the Company reported stock-based compensation expense of greater than $47 million associated with these now forfeited stock options. Adjusting for the subsequent forfeiture, TILT’s Q2 2019 net loss of $48.9 million would have been almost entirely reduced, bringing the Company close to break-even. The successful forfeiture of these stock options follows the recent announcement of an adjusted EBITDA positive month of July.

Full press release

Air Canada Fan Flight Returns for 2019/2020 NHL Season

Airline brings fans closer to their favourite teams with VIP game experiences

MONTREAL, Oct. 2, 2019 /CNW Telbec/ – As the puck drops on another NHL season and fans from coast to coast cheer for their favourite teams, Air Canada today announced the return of Fan Flight (#ACFanFlight) – a season-long program that rewards deserving fans with a VIP game experience, including the opportunity to see their team play either at home or on the road.

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