Day: November 12, 2019

HAMILTON, Bermuda, Nov. 12, 2019 (GLOBE NEWSWIRE) — TransAtlantic Petroleum Ltd. (TSX: TNP) (NYSE American: TAT) (the “Company” or “TransAtlantic”) today announced its financial results for the quarter ended September 30, 2019 and provided an operations update. Additional information can be found on the Company’s website at http://www.transatlanticpetroleum.com.SummaryNet income was $1.1 million for the third quarter of 2019, as compared to a net loss of $0.01 million for the second quarter of 2019 and a net loss of $1.7 million for the third quarter of 2018.Average daily net sales volumes were 2,662 barrels of oil equivalent per day (“BOEPD”) in the third quarter of 2019, as compared to 2,873 BOEPD in the second quarter of 2019 and 2,917 BOEPD in the third quarter of 2018. Average daily net sales volumes for the trailing seven-day...

AURORA, Ontario, Nov. 12, 2019 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG, NYSE: MGA) today announced that the Toronto Stock Exchange (“TSX”) had accepted its Notice of Intention to Make a Normal Course Issuer Bid (the “Notice”). Pursuant to the Notice, Magna may purchase up to 30,283,500 Magna Common Shares (the “Bid”), representing approximately 10% of its public float. As at November 1, 2019, Magna had 305,831,639 issued and outstanding Common Shares, including a public float of 302,835,169 Common Shares.The primary purposes of the Bid are purchases for cancellation, as well as purchases to fund Magna’s stock-based compensation awards or programs and/or Magna’s obligations to its deferred profit sharing plans. Magna may purchase its Common Shares, from time to time, if it believes...

Third quarter 2019 revenue was $394 million, a decrease of 4% from the $412 million reported in the second quarter of 2019 and 12% higher than the $351 million reported in the third quarter of 2018.Adjusted EBITDA1 in the third quarter of 2019 was $42 million, an increase of 17% from the $36 million reported in the second quarter of 2019 and 11% higher than the $38 million reported in the third quarter of 2018.Net income2 in the third quarter of 2019 was $6.5 million (or earnings per share of $0.09) compared with a net income of $51.0 million (or earnings per share of $0.73) in the second quarter of 2019 and a net income of $10.4 million (or $0.15 earnings per share diluted) in the third quarter of 2018. Excluding the impact of gains on the sale of land and investment in associate, the costs related to the acquisition of ZCL Composites...

CALGARY, Alberta, Nov. 12, 2019 (GLOBE NEWSWIRE) — GINSMS Inc. (TSXV: GOK) (the “Corporation”) has announced its financial results for the third quarter ended September 30, 2019.The complete financial results for GINSMS are available at www.sedar.com.  Highlights include:Revenue of $641,125 for the three-month period ended September 30, 2019 was lower as compared to $930,341 for the three-month period ended September 30, 2018.Improved gross margin of 33.6% for the three-month period ended September 30, 2019 as compared to gross margin of 14.6% for the three-month period ended September 30, 2018.Operating expenses and finance costs decreased from $495,342 for the three-month period ended September 30, 2018 to $267,036 for the three-month period ended September 30, 2019.Lower net loss of $52,357 for three-month period ended September...

The RealReal has the Most Rigorous Authentication Process in the MarketplaceLaunches New Authentication Web PageSAN FRANCISCO, Nov. 12, 2019 (GLOBE NEWSWIRE) — The RealReal (Nasdaq: REAL)—the world’s largest online marketplace for authenticated, consigned luxury goods—today issued the below letter from its Founder and CEO, Julie Wainwright, to its community of buyers and consignors.To Our Buyers and Consignors:When I started The RealReal from my kitchen table, I knew earning customers’ trust would be foundational to building this business. Over the last eight years, we have worked tirelessly to gain and maintain your confidence by creating a safe, reputable marketplace for authenticated luxury consignment. Over time, our community of hundreds of thousands of customers have instilled their trust in us—82% of our gross merchandise...

HOUSTON, Nov. 12, 2019 (GLOBE NEWSWIRE) — Sysco Corporation (NYSE: SYY) today announced it has acquired Armstrong Produce and Kula Produce, Hawaii-based broadline fresh produce wholesalers and distributors with approximately $155 million in combined annual revenue. The acquisitions will operate as part of FreshPoint, Sysco’s specialty produce company.Armstrong Produce was founded in 1979 and has grown from a small family-run wholesale business into Hawaii’s leading produce wholesaler and distributor. With operations in Honolulu, Kona and Kahului, the company supplies a wide range of customers, from local chefs to retailers, with fresh produce daily. Armstrong Produce and Kula Produce are sister companies.“Armstrong Produce and Kula Produce have been providing quality service and produce to Hawaii and the Pacific Region since 1979,...

NEW YORK, Nov. 12, 2019 (GLOBE NEWSWIRE) — Acreage Holdings, Inc. (“Acreage”) (CSE: ACRG.U) (OTCQX: ACRGF) (FSE: 0VZ), one of the largest vertically integrated cannabis operators in the U.S., today reported financial results for the quarter ended September 30, 2019.THIRD QUARTER FINANCIAL HIGHLIGHTSReported third quarter revenue of $22.4 million, a 307% increase compared to the same period in 2018Pro forma revenue* for the third quarter was $42.2 millionReported a net loss attributable to Acreage of $39.9 millionAdjusted net loss* attributable to Acreage was $15.0 millionPro forma adjusted EBITDA* was a loss of $9.1 million*Pro forma revenue, adjusted net loss and pro forma adjusted EBITDA are Non-IFRS measures. Please see discussion and reconciliation of Non-IFRS measures below.Commented Acreage Chairman and CEO Kevin Murphy: “The...

TORONTO, Nov. 12, 2019 (GLOBE NEWSWIRE) — African Gold Group, Inc. (TSX-V: AGG) (“AGG” or the “Company”) is pleased to announce that Advisory on Business and Sustainability Africa (Pty) Ltd (“ABS Africa”) was appointed to undertake the Environmental and Social Impact Assessment (the “ESIA”) as well as the Environmental Permitting Process for AGG’s Kobada Gold Project. The ESIA and permitting process will be undertaken in partnership with a well-respected local partner.“ABS Africa offers a complete range of sustainability services to clients in the mining, infrastructure and energy sectors. Our team of social and environmental professionals have completed numerous ESIAs in East, West and Southern Africa. Our team is familiar with the need to ensure that the project design and assessment process addresses both in-country legal requirements...