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Month: March 2020

Parkland provides business update related to COVID-19

CALGARY, Alberta, March 30, 2020 (GLOBE NEWSWIRE) — Parkland Fuel Corporation (“Parkland”, “we”, the “Company”, or “our”) (TSX:PKI) announced today in response to the uncertain economic impact of novel coronavirus (“COVID-19”): a reduction in its 2020 Capital Expenditure program, the withdrawal of its 2020 Adjusted EBITDA guidance, reiteration of the Company’s financial strength and other corporate updates.“We are responding quickly and prudently to the ongoing COVID-19 pandemic,” commented Bob Espey, President and Chief Executive Officer. “During this unprecedented period of uncertainty, our priority is to protect the health and safety of our employees as they continue to provide an essential service to the communities we serve. We are proud to remain operational through this period...

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HEXO Corp reports second quarter fiscal 2020 financial results

Key Operating HighlightsNet Revenue increased 17% to $17.0M from $14.5M in Q1Adult-use grams and gram equivalents sold increased 57% to 6,579 kg compared to prior quarterProduction levels increased to 22,305 kg from 16,107 kg in the previous quarter.Expanded Original Stash market distribution to Ontario, British Columbia and AlbertaObtained Phase 1 licence for Belleville facilityObtained sale of cannabis topicals, extracts, edibles and beverages licence for Gatineau facility, and a research licence for the CompanyClosed a $70M private placement of 8% unsecured convertible debentures, including key management and board participation of over 10%Closed two registered direct offerings totalling USD$45 MillionOTTAWA, March 30, 2020 (GLOBE NEWSWIRE) — HEXO Corp. (TSX: HEXO; NYSE: HEXO) (“HEXO” or the “Company”) today reported...

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HEXO Corp publie les résultats financiers du deuxième trimestre de l’exercice 2020

Faits saillants opérationnelsLes recettes nettes ont augmenté de 17% par rapport au trimestre précédent, passant de 14,5 M$ à 17,0 M$Hausse de 57% de grammes et d’équivalents-grammes de produits à usage adulte vendus par rapport au trimestre précédent, pour atteindre 6 579 kgHausse des niveaux de production, passant de 16 107 kg au trimestre précédent à 22 305 kg.Distribution élargie d’Original Stash sur les marchés de l’Ontario, de la Colombie-Britannique et de l’AlbertaObtention de la licence de la phase 1 pour l’installation de BellevilleObtention d’une licence pour la vente de topiques, d’extraits, de comestibles et de boissons à base de cannabis pour l’établissement de Gatineau, et d’une licence de recherche pour la Société.Clôture d’un placement privé de 70 M$ en débentures convertibles...

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CRYPTOLOGIC AGREES TO SELL 30 MEGAWATT BITCOIN MINING FACILITY

TORONTO, March 30, 2020 (GLOBE NEWSWIRE) — Cryptologic Corp. (“Cryptologic” or the “Company”) (CSE:CRY) announced today it has signed a definitive agreement (the “Agreement”) to sell all the shares of its wholly-owned subsidiary 9376-9974 Quebec Inc. (“9376”), which holds the rights to a 30 megawatt (“MW”) dedicated cryptocurrency mining operation located in Lachute, Quebec, to HIVE Blockchain Technologies Ltd. (“Hive”). 9376’s material assets include 30 MW of electrical and HVAC infrastructure and approximately 14,000 Bitmain S9 miners. Pursuant to the Agreement, Hive will issue 15,000,000 common shares (“Hive Shares”) to the Company at a deemed price of C$0.20 per Hive Share and pay the Company C$1,000,000 in cash, subject to a working capital adjustment. The transaction has been approved by the board of directors and the shareholders...

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VISIONSTATE CORP. ANNOUNCES FINAL APPROVAL FOR CLOSING OF OVER-SUBSCRIBED PRIVATE PLACEMENT

EDMONTON, Alberta, March 30, 2020 (GLOBE NEWSWIRE) — Visionstate Corp. (TSX Venture: VIS) (“Visionstate”) is pleased to announce that the non-brokered unit offering (“Offering”) announced on February 4, 2020 has received final acceptance from the TSX Venture Exchange to close on the over-subscription and issue 16,600,000 units (“Units”) at a price of $0.025 per Unit for gross proceeds of $415,000. Each Unit is comprised of one (1) common share in the capital of Visionstate (“Common Share”) and one (1) Common Share purchase warrant. Each Warrant entitles the holder to purchase one additional (1) Common Share at a price of $0.05 for a period of two (2) years from the date of closing.  If the closing price of the Common Shares on the principal market on which such shares trade is equal to or exceeds $0.075 per Common Share...

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Greenlane Reports Fourth Quarter and Full Year 2019 Results

BOCA RATON, Fla., March 30, 2020 (GLOBE NEWSWIRE) — Greenlane Holdings, Inc. (Nasdaq: GNLN) (“Greenlane” or “the Company”), one of the largest global sellers of premium cannabis accessories and specialty vaporization products, today reported financial results for the fourth quarter and full year ended December 31, 2019.Fourth Quarter and Full Year HighlightsWell-funded to execute upon business transformation, with $47.8 million in cash as of December 31, 2019, compared to $7.3 million as of December 31, 2018.Delivered on strategy to move away from high-volume, low-margin products and sales, in favor of high-margin sales and the promotion of the Company’s house brands:Reduced JUUL sales percentage to 15.9% for the fourth quarter 2019, compared to 45.4% for the third quarter 2019;Improved gross margin on fourth quarter JUUL sales...

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Valg af medarbejderrepræsentanter til Danske Andelskassers Banks bestyrelse

Selskabsmeddelelse nr. 17/2020 | 30. marts 2020Medarbejderne i Danske Andelskassers Bank A/S har afsluttet valg af medarbejderrepræsentanter til Danske Andelskassers Banks bestyrelse.For en fireårig periode er følgende kandidater genvalgt til bestyrelsen:Anette Holstein Nielsen, KunderådgiverBritta Rytter Eriksen, Kundemedarbejder – erhvervYderligere informationØnskes yderligere information kan direktør for Direktionssekretariatet Alma Lund Høj kontaktes pr. telefon 8799 3153 / 6161 4567 eller pr. mail ahj@andelskassen.dk.Vedhæftet fil17-2020 Selskabsmeddelelse Danske Andelskassers Bank_Valg af medarbejderrepræsentanter til Danske Andelskassers Banks bestyrelse

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ARGONAUT GOLD AND ALIO GOLD ANNOUNCE FRIENDLY AT-MARKET MERGER

TORONTO and VANCOUVER, British Columbia, March 30, 2020 (GLOBE NEWSWIRE) — Argonaut Gold Inc. (“Argonaut” or “Argonaut Gold”) (TSX: AR) and Alio Gold Inc. (“Alio” or “Alio Gold”) (TSX, NYSE-A: ALO) are pleased to announce that they have entered into a definitive agreement for an at-market merger (the “Arrangement Agreement”) whereby Argonaut will acquire all of the issued and outstanding shares of Alio (the “Transaction”).  Under the terms of the Arrangement Agreement, all of the Alio issued and outstanding common shares will be exchanged on the basis of 0.67 of an Argonaut common share per each Alio common share (the “Exchange Ratio”).The Exchange Ratio has been agreed based on the volume-weighted average prices of Argonaut and Alio common shares over the 20 trading days ended on March 27, 2020.  Upon completion of the Transaction,...

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SUSTAINABLE INFRASTRUCTURE DIVIDEND FUND NORMAL COURSE ISSUER BID

CALGARY, Alberta , March 30, 2020 (GLOBE NEWSWIRE) — Sustainable Infrastructure Dividend Fund (the “Fund”) (TSX: INF.UN) announced that it has filed a notice with the Toronto Stock Exchange (the “TSX”) and received its approval to make a normal course issuer bid (“NCIB”).  Purchases pursuant to the NCIB will be made in the open market through the facilities of the TSX.  This NCIB will commence on April 1, 2020 and will terminate on March 31, 2021.  In accordance with the Declaration of Trust by which the Fund is governed, market purchases pursuant to its NCIB may be effected by the Fund.The Fund had 8,000,000 units issued and outstanding as at March 25, 2020.  The Fund may, during the 12 month period commencing April 1, 2020 purchase on the TSX up to 798,750 units, being 10% of the public float and may not, in any 30 day period,...

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