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Month: April 2020

SmartCentres 2020 First Quarter Results and Conference Call

TORONTO, April 28, 2020 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX: SRU.UN) announced today that it will issue its financial results for the three months ending March 31, 2020 on Wednesday, May 6, 2020.SmartCentres will hold a conference call on Wednesday, May 6, 2020 at 5:30 p.m. (ET). Participating on the call will be members of SmartCentres’ senior management.Investors are invited to access the call by dialing 1-800-347-6311. You will be required to identify yourself and the organization on whose behalf you are participating. A recording of this call will be made available Wednesday, May 6, 2020 beginning at 8:30 p.m. (ET) through to 8:30 p.m. (ET) on Wednesday, May 13, 2020. To access the recording, please call 1-888-203-1112 and enter the Replay Passcode 5335567#.About SmartCentresSmartCentres...

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BAE Systems Honors Frequency Electronics With a Silver Tier Supplier Award

MITCHEL FIELD, N.Y., April 28, 2020 (GLOBE NEWSWIRE) — Frequency Electronics, Inc. (NASDAQ: FEIM), today announced it won a Silver Tier Award for exceptional performance and contributions to supply chain success in 2019 for BAE Systems’ Electronic Systems sector. Frequency Electronics Inc. (FEI) was selected from a pool of more than 2,200 suppliers that worked with the sector in 2019.FEI CEO, Stan Sloane commented, “We are extremely pleased to have been selected for this award and to continue the very successful relationship we have with BAE Systems. The award illustrates FEI’s commitment to technical excellence, as well as meeting our customers’ schedule needs.”BAE Systems’ Partner 2 Win program is designed to achieve operational excellence and eliminate defects in its supply chain by raising the bar of performance expectations to...

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FHLB Des Moines Reports Preliminary First Quarter 2020 Net Income of $92 million

DES MOINES, Iowa, April 28, 2020 (GLOBE NEWSWIRE) —2020 First Quarter Summary Financial ResultsNet income totaled $92 million, a decrease of $20 million from the same period last year.Net interest income totaled $109 million, a decrease of $50 million from the same period last year.Balance sheet changes from December 31, 2019 were:Assets totaled $126.1 billion, a decrease of $3.5 billion.Advances totaled $79.8 billion, a decrease of $0.6 billion.Investments totaled $35.6 billion, a decrease of $2.8 billion.Capital remained relatively stable at $6.7 billion.Retained earnings remained relatively stable at $2.2 billion.Regulatory capital ratio was 5.51 percent, an increase from 5.31 percent.First Quarter 2020 Business HighlightsAdvances of $79.8 billion were outstanding to 723 members, housing associates, and former members, of which...

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Heartland BancCorp Earns $2.9 Million in First Quarter 2020; Declares Quarterly Cash Dividend of $0.57 per Share; Announces COVID-19 Preparations

WHITEHALL, Ohio, April 28, 2020 (GLOBE NEWSWIRE) — Heartland BancCorp (“the company,” and “the bank”) (OTCQX: HLAN), today reported first quarter 2020 net income of $2.9 million, or $1.43 per diluted share. This compares to net income of $3.4 million, or $1.67 per diluted share, in the fourth quarter of 2019, and $3.0 million, or $1.45 per diluted share, in the first quarter of 2019. The company also announced its board of directors declared a quarterly cash dividend of $0.57 per share. The dividend will be payable July 10, 2020, to shareholders of record as of June 25, 2020. Heartland has paid regular quarterly cash dividends since 1993.“Our first quarter operating results were highlighted by strong net interest income, robust organic balance sheet expansion and a completed digital solutions conversion. Additionally, we closed...

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Magna Wins 2020 PACE Award for Composite Space Frame Liftgate Reinforcement

Lightweight solution debuted on the 2020 Toyota SupraComposite reinforcement enables 10 percent mass reductionFirst application of composite space frame for automotive liftgateAURORA, Ontario, April 28, 2020 (GLOBE NEWSWIRE) — Magna’s composite space frame liftgate reinforcement solution, which debuted on the Toyota Supra, has earned a 2020 Automotive News PACE Award. The award is Magna’s fourth PACE Award in the last six years. The space frame is the first composite application of its kind for an automotive liftgate and achieves a 10 percent mass savings over a steel version.“Innovative lightweight solutions, such as this composite space frame, are integral in helping automakers meet sustainability goals, including reduced emissions and improved fuel economy,” said Magna Exteriors President Grahame Burrow. “With ongoing requirements...

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Elmira Savings Bank Reports First Quarter Earnings

ELMIRA, N.Y., April 28, 2020 (GLOBE NEWSWIRE) — Elmira Savings Bank (NASDAQ:ESBK) –HighlightsNet income was $1,018,000 for the three months ended March 31, 2020 compared to $927,000 for the same period in 2019.Diluted earnings per share were $.29 per share for the three months ended March 31, 2020 compared to $.26 per share for the same period in 2019. Return on average assets was .68% for the three months ended March 31, 2020 and .64% for the same period in 2019.Return on average equity was 6.93% for the three months ended March 31, 2020 compared to 6.41% for the same period in 2019.“We are pleased with the improvement in net income during the first quarter.  We are concerned about the current COVID-19 pandemic and the impact it is having on our economy, but feel fortunate that our market areas have not yet experienced the...

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Sugarbud Announces Launch Date of Craft Cannabis Collection and Public Offering of Secured Convertible Debenture Units

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.CALGARY, Alberta, April 28, 2020 (GLOBE NEWSWIRE) — Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.WT) (“Sugarbud” or the “Company“) is pleased to announce that as part of the previously announced third-party licensing and distribution agreement with Agro-Greens Natural Products Ltd. it will officially launch its Craft Cannabis Collection of adult use recreational cannabis products on June 23, 2020. Sugarbud is also pleased to announce that it has filed and been receipted for a preliminary short-form prospectus with the securities regulatory authorities in all provinces of Canada (except Québec) in connection with a commercially...

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BioCardia Awarded New U.S. Patent Covering Helix System for Local Biotherapeutic Delivery of Autologous and Allogenic Cells to the Heart

SAN CARLOS, Calif., April 28, 2020 (GLOBE NEWSWIRE) — BioCardia®, Inc., (OTC: BCDA), a leader in the development of comprehensive solutions for cardiovascular regenerative therapies, today announced the issuance of United States Patent No. 10,632,281, entitled “Drug Delivery Catheters that Attach to Tissue and Methods for Their Use.” This new patent provides additional, broad protection for the Helix™ Biotherapeutic Delivery System and covers the use of the helical needle delivery system with a deflectable guide catheter. The U.S. Patent Office has extended the life of this patent for 2.8 years beyond the usual 20-year term.Published literature has shown that the Helix System presents the lowest risk to patients for biotherapeutic delivery compared to other delivery methods evaluated,1 and is three to six times more efficient at...

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Draganfly to Host Virtual-Only Shareholder Update Call

Los Angeles, CA, April 28, 2020 (GLOBE NEWSWIRE) — Draganfly Inc. (CSE: DFLY) (OTCQB: DFLYF) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading manufacturer within the commercial Unmanned Aerial Vehicle (“UAV”), Remotely Piloted Aircraft Systems (“RPAS”), and unmanned vehicle sector (“UVS”), announced today that it will host a virtual-only shareholder update call on April 30, 2020 at 1PM PST/4PM EST.The shareholder update call will be facilitated by Draganfly CEO, Cameron Chell where management will provide a general update on the state of the industry, Draganfly’s current projects and future-state road map.Andy Card former White House Chief of Staff and current Draganfly board member will address the current global climate and the importance of the role and positioning of Draganfly. Dr. Jack Chow, Former...

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Red White & Bloom Brands Inc. Announces Closing of Business Combination Between Tidal Royalty Corp. and MichiCann Medical Inc.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICESOR DISSEMINATION IN THE UNITED STATESVANCOUVER, British Columbia, April 28, 2020 (GLOBE NEWSWIRE) — Red White & Bloom Brands Inc. (CSE: RLTY.U) (OTC Pink: TDRYF) (“RWB” or the “Company”, formerly, Tidal Royalty Corp.) is pleased to announce the completion of its previously announced business combination (the “Transaction”) with MichiCann Medical Inc. d/b/a/ Red White & Bloom (“MichiCann”) pursuant to the terms of the Amended and Restated Business Combination Agreement dated March 12, 2020.As a result of the Transaction, the Company has changed its name to “Red White & Bloom Brands Inc.” and MichiCann is now a wholly-owned subsidiary of the Company. In connection with and immediately prior to the completion of the Transaction, the Company completed a share consolidation on...

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