NA Proactive news snapshot: TRACON Pharmaceuticals, Esports Entertainment,

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

Inc () reported 4Q and fiscal year-end financial results, finishing off 2020 with cash and equivalents of $36.1 million as at December 31, 2020, while revealing some key upcoming company milestones. TRACON noted that expects its current cash, equivalents and short-term investments will fund operations into the second half of 2022, after completing financings of about $13.8 million with multiple new and existing healthcare-focused institutional investors in December.

Analysts at Citron Research believe that with GameStop Inc (NASDAQ:GME) stock once again riding high as Reddit traders/investors have adopted the company as a trading vehicle, the company should listen to its customers and consider buying an esports-focused firm, highlighting Esports Entertainment Group Inc (OTCMKTS:GMBL). In a research note, the Citron analysts said what they have learnt from the past four months ride for GameStop are two easy takeaways – people love video games and people love to gamble. Therefore, in order for GameStop to keep and maintain a high share price, the company must change its narrative. The analysts said they feel there is one way for GameStop to seamlessly both pivot away from its secularly declining retail business and monetize its customer database, and that answer is to acquire Esports Entertainment Group.

. noted that its CEO, Dr Joseph Tucker will be presenting at Psychedelic Capital’s #PsyCap event today, Thursday, February 25, 20201, at 4.15pm EST. For a free ticket to the event, investors can use the following link: Psychedelic Capital is a virtual investment conference, and a platform to showcase the top companies, latest IPOs, newest opportunities, and deepest industry insights.

() (OTCQB:MVMDF) said Thursday it has struck an agreement with Circadian Wellness Corp to apply Quicksome technology to mushroom neutraceutical products. The agreement includes ongoing product royalties and an initial payment of C$250,000 to Mountain Valley MD – the company’s first revenue. Quicksome desiccation technology utilizes advanced liposomes and other stabilizing molecules to encapsulate and formulate active ingredients into highly efficient product formats that are consumed orally.

() (OTCQB:VLMGF) told investors on Thursday that soil sampling had begun at its Silver Cliff property in Colorado, to be followed by a ground magnetic survey as the company kicks off this year’s field season. The goal of these two studies is to give the company a better understanding of the extent of the high-grade Kate East zone at the property ahead of a phase of drilling expected this summer.

PsyBio Therapeutics Corp (CVE:PYSB), the US-based biotechnology company, started trading on the TSX Venture Exchange under the symbol ‘PSYB’ on…


Donovan Larsen

Donovan is a columnist and associate editor at the Dark News. He has written on everything from the politics to diversity issues in the workplace.

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