Day: March 17, 2020

CALGARY, Alberta, March 17, 2020 (GLOBE NEWSWIRE) — Founders Advantage Capital Corp. (TSX-V: FCF) (“FAC” or the “Corporation”) today announced that its subsidiary Club16 Trevor Linden Fitness (“Club16”) will temporarily close its fitness centres in an effort to reduce the spread of COVID-19 and to ensure the health and safety of its members and staff.  All membership payments and services will be put on an immediate freeze for the duration of this temporary closure.  During the temporary closure period, Club16 intends to seek rent abatements from its various landlords and expects to reduce costs to increase liquidity.  The financial impact of the temporary closure will depend on the duration of the closure period and the negotiations with Club16’s landlords.James Bell, President and CEO commented: “In light of the global pandemic...

NASHVILLE, Tenn., March 17, 2020 (GLOBE NEWSWIRE) — SmileDirectClub, the industry pioneer and first direct-to-consumer medtech platform for teeth straightening, reports that the American Association of Dental Boards (“AADB”) has issued the first Telehealth Directive to its member dental boards touting the necessity for accessible care through teledentistry. The AADB also announced it will release more in the future that will focus on statutes or regulations, legal decisions by the courts, or information on issues to protect the public.In response, SmileDirectClub Chief Executive Officer David Katzman made the following statement:“We are completely aligned with the American Association of Dental Boards’ aim to ensure people have access to care and applaud the organization for issuing a directive that clearly points to the importance...

Kelowna, BC, March 17, 2020 (GLOBE NEWSWIRE) — GTEC Holdings Ltd. (TSX-V:GTEC) (OTC:GGTTF) (FRA:1BUP) (“GTEC” or the “Company”) is pleased to announce that Norton Singhavon, Founder, Chairman and CEO, has agreed to waive a portion of his entitlement to further payments (the “Payments Waiver”) in connection with GTEC’s acquisition of 1118157 B.C. Ltd. (“1118”), GreenTec Bio-Pharmaeuticals Corp. (“GBP”) and Grey Bruce Farms Incorporated (“GBF”).  The Company has also secured agreements with certain other vendors of 1118, GBP and GBF to reduce their milestone entitlements and all vendors have agreed to increase the floor price of common shares in the capital of the Company (the “Common Shares”) to be issued in connection with milestone payments still payable.For additional information, please contact: GTEC Holdings Ltd. 1-800-351-63...

MARTINSVILLE, Va., March 17, 2020 (GLOBE NEWSWIRE) — Hooker Furniture Corporation (Nasdaq-GS:HOFT) will present its fiscal 2020 fourth quarter financial results via teleconference and live internet web cast on Tuesday morning, April 14, 2020 at 9:00 AM Eastern Time. The dial-in number for domestic callers is 877.665.2466 and the number for international callers is 678.894.3031. The conference ID number is 5175838.Hooker’s fiscal 2020 fourth quarter began on November 4, 2019 and ended on February 2, 2020.The call will be simultaneously web cast and archived for replay on the Company’s web site at hookerfurniture.com in the Company section under Investor Relations.Hooker Furniture Corporation, in its 95th year of business, is a designer, marketer and importer of casegoods (wooden and metal furniture), leather furniture...

~Strong 2019 Financial Performance~VANCOUVER, British Columbia, March 17, 2020 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport Fuel Systems”) (TSX:WPRT / Nasdaq:WPRT) reported financial results for the fourth quarter and year ended December 31, 2019 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.KEY ACCOMPLISHMENTSTransportation revenue grew to $305 million, up 13% over 2018 and 33% since 2017.Adjusted EBITDA of $28 million compared with $10 million in 2018, nearly a 200% increase.“2019 was a pivotal year for Westport Fuel Systems. We continued our trend of year-over-year financial improvements to both our top- and bottom-lines. Importantly, our core business is thriving and Westport HPDI 2.0™ is demonstrating scalability, in both economics and operations,” said David...

STAMFORD, Conn., March 17, 2020 (GLOBE NEWSWIRE) — The Lovesac Company (Nasdaq: LOVE) today announced that in response to the escalating global coronavirus (COVID-19) outbreak, it will temporarily close all showroom locations effective at the close of business Tuesday, March 17, 2020. The Company expects these showrooms to remain closed through April 5, 2020. All showroom associates will continue to receive full pay and benefits for their scheduled shifts during that time. These decisions will be re-evaluated as new information becomes available regarding the COVID-19 pandemic.During this time, customers can continue to shop online at www.lovesac.com given the Company’s unique ability to deliver comfortable sofas and seating direct to the customers’ door through its ecommerce delivery model.Our corporate employees located at our headquarters...

VANCOUVER, British Columbia, March 17, 2020 (GLOBE NEWSWIRE) — Mountain Boy Minerals Ltd (“Mountain Boy” or the “Company”) (TSX.V: MTB; Frankfurt: M9UA) announces the application for work on the American Creek West project, including drilling, has been reviewed by the Ministry of Energy, Mines and Petroleum Resources with permit issuance subject only to MTB posting a bond in the amount of $13,500.  The Company also announces that B. H. (Ben) Whiting, P.Geo., FSEG, KStG, has joined Mountain Boy as a Director.Exploration PlansThe American Creek West project is located in the Golden Triangle of British Columbia, 20 kilometres north of the deep-water port of Stewart.Last year’s exploration included property scale mapping and sampling, re-evaluation of historic mineral occurrences, grid soil geochemistry, and generating a working geological...

$16.2 Million in Gross Proceeds RaisedNow Enrolling in Acute Stroke TrialGBM Data PresentedNew Board AppointmentCHARLOTTESVILLE, Va., March 17, 2020 (GLOBE NEWSWIRE) — Diffusion Pharmaceuticals Inc. (Nasdaq: DFFN), a cutting-edge biotechnology company developing new treatments for life-threatening medical conditions by improving the body’s ability to bring oxygen to the areas where it is needed most, today reported financial results for 2019 and provided a business update.Recent business highlights include the following:Commenced enrollment in its on-ambulance Phase 2 clinical trial testing TSC for the treatment of acute stroke, with patients treated at sites affiliated with the University of Virginia (UVA) and the University of California Los Angeles (UCLA).  This 160-patient trial, named PHAST-TSC (Pre-Hospital Administration...

UNIONDALE, N.Y., March 17, 2020 (GLOBE NEWSWIRE) — Arbor Realty Trust, Inc. (NYSE: ABR), today announced that its Board of Directors has approved a share repurchase program authorizing the Company to repurchase up to $100 million of its outstanding common stock. At management’s discretion, the shares may be acquired from time to time in the open market, through privately negotiated transactions or otherwise in compliance with Rule 10b-18 and Rule 10b5-1 under the Securities Exchange Act of 1934.  The Board of Directors also authorized the Company to establish Rule 10b5-1 trading plans that permit the Company to repurchase its outstanding shares at times when it might otherwise be prevented from doing so.This share repurchase program does not obligate the Company to acquire any particular amount of its outstanding shares and...

MONTREAL, March 17, 2020 (GLOBE NEWSWIRE) — Laurentian Bank of Canada (TSX: LB) decreases its USD base rate in Canada by 50 basis points from 4.75% to 4.25%, effective March 18, 2020.About Laurentian Bank Financial GroupFounded in 1846, Laurentian Bank Financial Group is a diversified financial services provider whose mission is to help its customers improve their financial health. The Laurentian Bank of Canada and its entities are collectively referred to as Laurentian Bank Financial Group (the “Group” or the “Bank”).With more than 3,200 employees guided by the values of proximity, simplicity and honesty, the Group provides a broad range of advice-based solutions and services to its personal, business and institutional customers. With pan-Canadian activities and a presence in the U.S., the Group is an important player in numerous...