Traders Cafe with Zak Mir: QBT, OCTP, XTR, KNB, PXEN, SLE & PHC via Vox Markets

Quantum Blockchain Technologies (QBT) announced its unaudited Interim Results for the 6 months ended 30 June 2021.Over the period the company received shareholder approval to commence a new blockchain & cryptocurrencies strategy appointed a sector expert to create new optimisations for mining Bitcoin.

By Zak Mir

Post period highlights for the company have been the creation of several specialist working groups to investigate multiple approach solutions, commencing work on D-Wave Systems quantum cloud service and achieving the first speed improvement in mining Bitcoin.

Oxford Cannabinoid Technologies (OCTP) announced that on 21 September 2021 OCT signed an exclusive licensing agreement with Canopy Growth Corporation – a wholly owned subsidiary of Canopy Growth. The terms of the Agreement provide OCT with an exclusive worldwide licence to the entire cannabinoid derivative library, including 14 patent families and associated product research and development. In return, OCT will pay Canopy Growth an annual license fee plus additional payments based on developmental, regulatory and sales milestones and royalties on future sales.

Xtract Resources (XTR) provided the geological results from drill hole BRDD-21-017 from the Phase 2 diamond drilling programme at the Racecourse Copper-Gold Deposit on the Bushranger Project, located in the Lachlan Fold Belt of New South Wales, Australia. Drill hole BRDD-21-017 was completed at a total depth of 621.60m and tested the eastern contact of the porphyry, which has been little drill tested to date, and intersected a 607m interval of visible chalcopyrite mineralisation from a shallow downhole depth of 11m. The hole passed through a 150m zone of stronger visible chalcopyrite mineralisation from 159m depth. A second, 31m wide zone of stronger visible mineralisation was intersected from a downhole depth of 479m – this second zone opens up the possibility to define further mineral resources on the eastern side of the central porphyry intrusion.

Medical cannabis R&D Company Kanabo (KNB) said that its Kanabo’s CBD products are now available for sale via a leading UK eCommerce site dedicated to CBD, HandpickedCBD is one of the largest online CBD marketplaces in the UK listing 50 brands and more than 500 products from oils, edibles, drinks, topicals, vapes and capsules. HandpickedCBD is a wholly owned by Materia.

Prospex Energy (PXEN) which is focused on European gas and power projects, said that its joint venture company Tarba Energía S.L. has fully approved the budget for well intervention work at its gas to power project at El Romeral in Southern Spain. Tarba is the operator of the plant. The well workover has the potential to increase gas production by up to 15,000 cubic metres per day and allow the subsequent start-up of a second generator to double electrical output.

Independent oil and gas production company focused on Nigeria, San Leon Energy (SLE) updated regarding the outstanding loan notes due from Midwestern Leon Petroleum Limited. San Leon said it has agreed with MLPL, Midwestern and Martwestern to a further extension of the Conditional Payment Waiver to the end of September 2021 or, if sooner, the termination of discussions or the signing of an agreement to effect the Potential Transaction.

There was a decent fundamental stride forward for Plant Health Care® (PHC), the patent-protected biological products to global agriculture markets group. It announced a key milestone for the Company through a new partnership with Nutrien Ag Solutions to launch its novel SaoriTM soybean seed treatment in Brazil. Saori, based on Plant Health Care’s PHC279, makes soy plants healthier, improves resistance to disease and increases yield. Saori is a novel technology for Brazil soybean farmers to grow better crops more sustainably.

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The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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