Year: 2019

TORONTO, Dec. 02, 2019 (GLOBE NEWSWIRE) — Wayland Group Corp. (CSE:WAYL) (“Wayland” or the “Company”) today announced that the Company, Maricann Inc. and NanoLeaf Technologies Inc. (collectively, the “Wayland Group”) have been granted an order (the “Initial Order”) from the Ontario Superior Court of Justice (Commercial List) under the Companies’ Creditors Arrangement Act (the “CCAA”).The Initial Order provides for, among other things, a stay of proceedings in favour of the Wayland Group and certain of its affiliates, and the appointment of PricewaterhouseCoopers Inc. as monitor of the Wayland Group.The Wayland Group sought creditor protection under the CCAA in order to receive a short term stay of proceedings that will provide additional time to consider potential financing arrangements and restructuring transactions. The Wayland...

BOGOTA, Colombia, Dec. 02, 2019 (GLOBE NEWSWIRE) — Medcolcanna Organics Inc. (“Medcolcanna” or “the “Company”) (TSXV: MCCN) announces the filing of its financial and operating results on November 29, 2019 for the three and nine months ended September 30, 2019. All dollar values in this news release and the Company’s financial disclosures are in Canadian dollars, unless otherwise stated.Key DevelopmentCompleted the quarter with a $4.7 million cash balance and was able to reduce its capital expenditure budget by $2.3 million.Started construction on its 12,900 square-foot Good Agriculture Collection Practice (“GACP”) and Good Manufacturing Practice (“GMP”) compliant post-harvest facility which includes extraction, post-extraction and vaulted areas. This area will have capacity to support the Company’s 2.2 hectares of fully automatized...

LIVERMORE, Calif., Dec. 02, 2019 (GLOBE NEWSWIRE) — FormFactor, Inc. (Nasdaq:FORM) today announced that company management is scheduled to participate in the 8th Annual NYC Summit 2019, being held December 17, 2019 at the Parker New York Hotel, New York City.The presentation material utilized during the NYC Summit will be made accessible on the investor page of the company’s website at http://investors.formfactor.com/About The 8th Annual NYC SummitThe NYC Summit is hosted by executive management from participating companies and will feature a “round-robin” format consisting of small group meetings, each 30 minutes in duration. During the event, investors and analysts will have the opportunity to meet with up to 10 of the 16 management teams during the 30-minute group meeting sessions, as well as opportunities to meet with additional...

Lima, Dec. 02, 2019 (GLOBE NEWSWIRE) — Lima, PERU, December 2, 2019 – Credicorp Ltd. (NYSE: BAP) announces that after obtaining the necessary regulatory approvals, it has completed, through its subsidiary Credicorp Holding Colombia S.A.S., the acquisition of 77.46% of the capital stock of Banco Compartir S.A. (“Bancompartir”) for approximately USD 76 million. Credicorp Ltd. had previously announced an agreement for this acquisition on June 28, 2019.Founded in 1985, Bancompartir is one of the top four microfinance banks in Colombia with over 1,800 employees serving 450,000 customers across 106 branches nationwide. Bancompartir provides microfinance and SME financing solutions to micro entrepreneurs and other underserved segments of the population, generating opportunity for progress and quality of life improvement to thousands of families...

Sales of $381.7 million; Net Loss of $(140.1) million; Adjusted EBITDA of $(7.2) millionQ3 sales of $381.7 million, compared to $409.5 million in Q2 2019 and $524.4 million in Q3 2018Q3 net loss of $(140.1) million compared to a net loss of $(43.7) million in Q2 2019 and a net loss of $(2.9) million in Q3 2018, with the Q3 2019 net loss including a goodwill impairment charge of $174.0 millionQ3 adjusted net loss attributable to Parent of $(16.1) million compared to a net loss of $(22.2) million in Q2 2019 and a net loss of $(0.1) million in Q3 2018Q3 adjusted EBITDA of $(7.2) million compared to $5.0 million in Q2 2019 and $43.9 million in Q3 2018Successful closing of the divestiture of FerroAtlántica, S.A.U. on August 30, 2019, resulting in gross proceeds of $171.2 million and a profit on disposal of $80.7 millionSuccessful closing of...

BRISBANE, AUSTRALIA, Dec. 02, 2019 (GLOBE NEWSWIRE) — Orocobre Limited (ASX: ORE, TSX: ORL) (“Orocobre” or “the Company”) provides the following update on expected lithium carbonate pricing for the December quarter.The indicative weighted average price of lithium carbonate sales for the December quarter is now expected to be approximately US$5,400/tonne FOB1, subject to achieving the planned shipping schedule.Market conditions remain soft and Orocobre has made the decision to meet current pricing to ensure retention of market share.Managing Director and CEO, Mr. Martín Pérez de Solay commented, “Lithium chemical prices are well below incentive pricing for green-fields projects but are expected to recover in the medium term. Whilst our price guidance for the quarter has decreased, operational and cost improvements will limit the...

DUBUQUE, Iowa, Dec. 02, 2019 (GLOBE NEWSWIRE) — Dubuque, IA-based Heartland Financial USA, Inc. (“Heartland”) (NASDAQ: HTLF) announced today that on November 30, 2019, Illinois Bank & Trust (“IB&T”), a wholly-owned subsidiary of Heartland headquartered in Rockford, Illinois, completed its acquisition of substantially all of the assets and assumption of substantially all of the deposits and certain other liabilities of Rockford Bank and Trust Company (“Rockford Bank & Trust” or “RB&T”), a wholly-owned subsidiary of Moline, IL-based QCR Holdings, Inc. (“QCRH”) (NASDAQ: QCRH) and headquartered in Rockford, Illinois.Based on the aggregate net book value of the assets acquired and liabilities assumed by IB&T, the total cash payment by IB&T to RB&T was approximately $46.9 million, inclusive of a purchase...

SUNRISE, Fla., Dec. 02, 2019 (GLOBE NEWSWIRE) — FedNat Holding Company (NASDAQ: FNHC) (“FedNat” or the “Company”), an insurance holding company, today announced the successful completion of its acquisition of the homeowners insurance operations of 1347 Property Insurance Holdings, Inc. (NASDAQ: PIH) (“1347 PIH”), consisting of Maison Insurance Company, Maison Managers, Inc., and ClaimCor LLC (collectively, “Maison”), in a cash and stock transaction valued at approximately $51 million.Maison is a property and casualty insurer focused primarily on coastal homeowners markets in Texas and Louisiana, with additional operations in Florida. For the trailing twelve months ended September 30, 2019, Maison reported $96.1 million of gross written premiums. On a proforma basis, the combined company reported $684.2 million in gross written premiums...

MOLINE, Ill, Dec. 02, 2019 (GLOBE NEWSWIRE) — QCR Holdings, Inc. (NASDAQ: QCRH, the “Company”) today announced that on November 30, 2019, the Company completed the sale of substantially all of the assets and transfer of substantially all of the deposits and certain other liabilities of the Company’s wholly-owned subsidiary, Rockford Bank and Trust Company (“RB&T”) to Illinois Bank & Trust (“IB&T”), a wholly-owned subsidiary of Dubuque, IA-based Heartland Financial USA, Inc. (NASDAQ: HTLF).   The purchase and assumption transaction, announced in August 2019, is valued at approximately $59.1 million.  The $59.1 million represents a cash payment of approximately $46.9 million from IB&T, including the purchase price premium of $12.5 million, and the separate liquidation of net assets retained by QCRH of $12.2 million. “We...