Day: May 29, 2020

BARRIE, Ontario, May 29, 2020 (GLOBE NEWSWIRE) — MediPharm Labs Corp., (TSX: LABS) (OTCQX: MEDIF) (FSE: MLZ) (“MediPharm Labs” or the “Company”) a global leader in specialized, research-driven pharmaceutical-quality cannabis extraction, distillation and derivative products, is pleased to announce its participation at upcoming virtual investor conferences.Monday, June 1, 2020: Benzinga Cannabis Capital ConferenceWednesday, June 3, 2020: Jefferies Global Healthcare ConferenceA link to the live audio webcast will be available prior to the start of the event and can be accessed through the events section of MediPharm Labs Investor Relations website at https://ir.medipharmlabs.com/ir-calendar. An archived webcast will also be made available after the event.About MediPharm LabsFounded in 2015, MediPharm Labs specializes in the production...

Selected Financial IndicatorsSummarized selected financial indicators of the Group for Q1 of 2020 compared to Q1 of 2019 and 31.03.2020 compared to 31.12.2019 were as follows:Financial performanceThe Group`s sales amounted to 11 546 thousand EUR during Q1 of 2020, representing a 16.5% decrease as compared to the same period of previous year. Overall, wholesales decreased by 22.3%, measured in EUR.The Group’s gross profit during Q1 of 2020 amounted to 7 146 thousand EUR and increase by 10.7% compared to previous year. The gross margin during Q1 of 2020 increased to 61.9%, from 46.7% in the respective period of previous year. The cost of sold goods decreased by 40.3%.Consolidated operating profit for Q1 of 2020 amounted to 3 152 thousand EUR, compared to 2 322 thousand EUR in Q1 of 2019, increase by 35.7%. The consolidated operating profit...

Põhilised finantsnäitajadKontserni 2020. aasta I kvartali (võrrelduna 2019. aasta I kvartaliga) ja 31.03.2020 (võrrelduna 31.12.2019) põhilised finantsnäitajad on järgmised:MajandustulemusedKontserni 2020. aasta I kvartali käive moodustas 11 546 tuhat eurot, langus eelmise aasta sama perioodiga võrreldes on 16,5%. Hulgimüügi käive vähenes 22,3% võrra, mõõdetuna eurodes.Kontserni 2020. aasta I kvartali brutokasum oli 7 146 tuhat eurot, suurenedes eelmise aastaga võrreldes 10,7%. Perioodi brutokasumi marginaal suurenes 2020. aasta I kvartali jooksul 46,7%-lt 61,9%-le. Müüdud toodangu kulu vähenes 40,3% võrra.2020. aasta I kvartali konsolideeritud ärikasum suurenes 35,7% ja ulatus 3 152 tuhande euroni võrreldes 2019. aasta I kvartali konsolideeritud ärikasumiga summas 2 322 tuhat eurot. 2020. aasta I kvartali ärikasumi rentaablus oli 27,3%...

COLUMBUS, Ohio, May 29, 2020 (GLOBE NEWSWIRE) — Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) and certain of its direct and indirect wholly owned subsidiaries (collectively “GGB”, the “Company” or the “Applicants”) today provided an update on its insolvency proceedings under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”).As announced on May 20, 2020, the Company filed for insolvency protection under the CCAA and obtained an order from the Ontario Superior Court of Justice (the “Court”) granting the Applicants protection under the CCAA for an initial 10 day period until May 29, 2020.On May 29, 2020, the Court extended the stay period until June 12, 2020 and adjourned to June 1, 2020 the hearing to consider a motion filed by the Company to: (i) increase the amount of the Court-ordered charge (the “DIP Charge”) over...

GEORGE TOWN, Cayman Islands, May 29, 2020 (GLOBE NEWSWIRE) — Global Indemnity Limited (NASDAQ:GBLI) (“Global Indemnity”) announced today that its 2020 Annual General Meeting of Shareholders (“2020 Annual General Meeting”) has been changed to a virtual meeting via a live webcast.Due to the public health threat and travel restrictions caused by the COVID-19 pandemic, the 2020 Annual General Meeting will now be held on June 17, 2020 at 11 a.m. Eastern Daylight Time, instead of on June 17, 2020 at 11 a.m. Cayman Islands Time as originally announced. There is no change to the items of business to be addressed at the 2020 Annual General Meeting, which are described in Global Indemnity’s proxy materials previously made available to shareholders in connection with the Annual General Meeting. Individuals will not be able to attend the 2020...

ISELIN, N.J. and PARAMUS, N.J., May 29, 2020 (GLOBE NEWSWIRE) — Provident Financial Services, Inc. (NYSE:  PFS) (“Provident”), the parent company of Provident Bank, and SB One Bancorp, Inc. (NASDAQ:  SBBX) (“SB One”), the parent company of SB One Bank, announced today the receipt of the Federal Deposit Insurance Corporation and the New Jersey Department of Banking and Insurance approvals in connection with the proposed merger of SB One with and into Provident (the “Merger”).  The closing of the Merger remains subject to the approval of or waiver by the Board of Governors of the Federal Reserve System, the approval of SB One’s shareholders at the annual meeting of shareholders to be held on June 24, 2020, and certain other customary closing conditions.About ProvidentProvident Financial Services, Inc. (NYSE: PFS), is the holding company...

CLEVELAND, May 29, 2020 (GLOBE NEWSWIRE) — Lincoln Electric Holdings, Inc. (Nasdaq: LECO) today announced that Christopher L. Mapes, Chairman and Chief Executive Officer, will speak at Stifel’s Virtual 2020 Cross Sector Insight Conference on Wednesday, June 10, 2020, at 10:00 a.m. Eastern Time. The presentation will be webcast and can be accessed on our Investor Relations web site at https://ir.lincolnelectric.com. A replay will also be accessible on our Investor Relations web site.BusinessLincoln Electric is the world leader in the design, development and manufacture of arc welding products, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and has a leading global position in brazing and soldering alloys. Headquartered in Cleveland, Ohio, Lincoln has 59 manufacturing locations in 18 countries...

NEW YORK, May 29, 2020 (GLOBE NEWSWIRE) — Mercer International Inc. (“Mercer”) (Nasdaq: MERC) reports that its Celgar mill, in addition to regularly planned maintenance downtime of five days, will be taking approximately 30 days of additional downtime (aggregate 52,000 ADMTs) in July 2020. The additional downtime largely results from reduced fiber availability in the mill’s procurement area as a result of Covid related sawmill curtailments in British Columbia, the imposition of sawlog equivalent stumpage charges on pulpwood and complex stumpage rules which result in a significant amount of pulp wood already harvested being left to burn in the forest.Mercer International Inc. is a global forest products company with operations in Germany and Canada with consolidated annual production capacity of 2.2 million tonnes...

HAMILTON, Bermuda, May 29, 2020 (GLOBE NEWSWIRE) — Blue Capital Reinsurance Holdings Ltd. (OTC:BCRHF) (the “Company”), a Bermuda holding company, today announced a Special General Meeting of Shareholders will be held at the Company’s principal executive office at Waterloo House, 100 Pitts Bay Road, Pembroke HM08, Bermuda on July 28, 2020, at 10:00 a.m. Atlantic Daylight Time.  June 8, 2020 has been fixed as the record date for determining the Shareholders entitled to notice of, and to vote at, the Special General Meeting or any adjournments thereof.At this Special General Meeting, Shareholders will be asked to consider and vote on the following proposals:To approve that the Company be wound up voluntarily pursuant to the provisions of the Companies Act 1981, as amended (the “Companies Act”) and that (a) Mike Morrison...

MINNEAPOLIS, May 29, 2020 (GLOBE NEWSWIRE) — BBQ Holdings, Inc. (NASDAQ: BBQ) (the “Company”) today announced that due to public health precautions limiting in-person gatherings during the coronavirus (COVID-19) outbreak and to support the health and well-being of our shareholders and associates, the format of the 2020 Annual Meeting of Stockholders has been changed to a virtual-only meeting, instead of an in-person meeting.  As previously announced, the Annual Meeting will be held on Tuesday, June 16, 2020 at 3:00 p.m., Central Time.  However, the 2020 Annual Meeting will no longer be held at the offices of Lathrop GPM in Minneapolis, Minnesota, but rather will be held virtually, with attendance via the internet. Shareholders will not be able to physically attend the 2020 Annual Meeting. The virtual meeting and live audio webcast...