Alcanna Reports 28% Growth in Sales and Gross Margin and the Sale of the Alaska Operations

Written by Customer Service on June 1, 2020. Posted in Public Companies.

EDMONTON, Alberta, June 01, 2020 (GLOBE NEWSWIRE) — Alcanna Inc. (the “Company” or “Alcanna”) (TSX: CLIQ) today reported its unaudited financial results for the three months ended March 31, 2020 and announced the sale of the Company’s Alaska operations.First Quarter Financial Results and Business UpdateDuring the first quarter of 2020, Alcanna continued to show significant growth over the prior year with total Company sales from continuing operations up 28.1% and total gross margin up 28.7%. Canadian same-store liquor sales for the first quarter of 2020 were up 10.7%, which marks the sixth straight quarter of strong market share gains by Alcanna. Cannabis sales also increased by $9.3 million over the first quarter in the prior year, or 144.6%.Alcanna’s liquor and cannabis stores in all regions experienced significantly higher than...

Scottie Resources Announces Private Placement – Geneva-Based Family Office to Increase Holdings To 9.9%

Written by Customer Service on June 1, 2020. Posted in Public Companies.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.VANCOUVER, British Columbia, June 01, 2020 (GLOBE NEWSWIRE) — Scottie Resources Corp. (“Scottie” or the “Company”) (TSXV: SCOT), is pleased to announce a single issue non-brokered private placement offering of up to 4,400,000 units (each a “Unit”) at a price of $0.22 per Unit, for gross proceeds of up to $968,000 (the “Offering”). Each Unit consists of one common share and one half of one common share purchase warrant (each whole warrant a “Warrant”). Each Warrant will be exercisable into one common share of the Company at a price of $0.34 for a period of two years from closing. If fully subscribed, the Offering will increase the position of a Geneva-based family office to an approximate 9.9% ownership of Scottie Resources on a partially...

Maxim Power Corp. Commissions M2, the Largest Simple Cycle Natural Gas-Fired Power Plant in Alberta

Written by Customer Service on June 1, 2020. Posted in Public Companies.

CALGARY, Alberta, June 01, 2020 (GLOBE NEWSWIRE) — Maxim Power Corp. (“MAXIM” or the “Corporation“) (TSX: MXG) announces it has successfully commissioned its 204 MW natural gas-fired power plant (“M2”) located near Grande Cache, Alberta. M2 began generating electricity to the Alberta power grid on May 8, 2020 during commissioning and successfully demonstrated its maximum generating capacity and environmental compliance during this final phase of construction.MAXIM completed construction and commissioning of M2 despite challenging construction conditions related to both weather and COVID-19. This project represents an industry leading 16 month construction duration and 21 month total project horizon (from equipment procurement to project completion). M2 is the largest simple cycle natural gas-fired power...

CN Breaks Grain Record for Third Consecutive Month

Written by Customer Service on June 1, 2020. Posted in Public Companies.

MONTREAL, June 01, 2020 (GLOBE NEWSWIRE) — CN (TSX: CNR) (NYSE: CNI) Announced today that it moved over 2.52 million metric tonnes (MMT) of western Canadian grain, ahead of the previous May record of 2.40 MMT set in 2014 and over 20% ahead of the three year average. These unprecedented results come after record movements in March and April, where CN moved 2.62 MMT and 2.73 MMT respectively from Western Canada. So far, during the 2019-2020 crop year, CN has moved 23.3 MMT of Western Canadian Grain.When looking at Canada-wide performance, CN also set a record for May with over 2.60 MMT moved compared to the previous record of 2.52 MMT set in 2014.“This has not been an easy year for farmers or for the supply chain, yet by working closely with our customers, we have been able to adapt and deliver,” said James Cairns, senior vice president,...

Transport des céréales: le CN bat un record pour un troisième mois consécutif

Written by Customer Service on June 1, 2020. Posted in Public Companies.

MONTRÉAL, 01 juin 2020 (GLOBE NEWSWIRE) — Le CN (TSX : CNR) (NYSE : CNI) a annoncé aujourd’hui qu’il a acheminé 2,52 millions de tonnes métriques (MTM) de céréales de l’Ouest canadien, soit plus que le précédent record de 2,40 MTM établi en mai 2014 et 20 % de plus que la moyenne triennale.Ces résultats sans précédent s’inscrivent dans la foulée des records établis en mars et en avril, alors que le CN a transporté respectivement 2,62 MTM et 2,73 MTM de céréales de l’ouest du Canada. Depuis le début de la campagne agricole 2019-2020, le CN a acheminé 23.3 MTM de céréales de l’Ouest canadien.Pour ce qui est de sa performance à l’échelle du Canada, le CN a également amélioré un record pour un mois de mai en acheminant 2.60 MTM de céréales par rapport au précédent record de 2,52 MTM établi en 2014.« L’année n’a été facile ni pour les...

Magnetic North Acquisition Corp. Grants Stock Options

Written by Customer Service on June 1, 2020. Posted in Public Companies.

**Not for distribution to United States Newswire Services or release publication, distribution or dissemination, directly or indirectly, in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities Laws**CALGARY, Alberta and TORONTO, June 01, 2020 (GLOBE NEWSWIRE) — Magnetic North Acquisition Corp. (TSXV: MNC) (“Magnetic North” or the “Company”) is pleased to announce a grant of stock options (the “Options”) in accordance with the terms and conditions of the Company’s Stock Option Plan to certain officers, directors and employees of the Company, to purchase an aggregate of 890,000 common shares in the capital stock of the Company.The Options are exercisable for a period of five years from the date of grant at a price of $0.83 per share.About Magnetic North Acquisition Corp.Magnetic...

Par Pacific Holdings to Participate in the Bank of America Securities 2020 Energy Credit Conference

Written by Customer Service on June 1, 2020. Posted in Public Companies.

HOUSTON, June 01, 2020 (GLOBE NEWSWIRE) — Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced that Will Monteleone, Chief Financial Officer, will participate in the Bank of America Securities 2020 Energy Credit Conference being held via webcast on June 4, 2020. Mr. Monteleone will host a presentation and participate in 1×1 meetings.About Par PacificPar Pacific Holdings, Inc. (NYSE: PARR), headquartered in Houston, Texas, owns and operates market-leading energy, infrastructure, and retail businesses. Par Pacific’s strategy is to acquire and develop businesses in logistically complex markets. Par Pacific owns and operates one of the largest energy networks in Hawaii with 148,000 bpd of combined refining capacity, a logistics system supplying the major islands of the state and 91 retail locations. In...

Thor Explorations Provides an Update on the Filing of Q1 2020 Unaudited Financial Statements

Written by Customer Service on June 1, 2020. Posted in Public Companies.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICESVANCOUVER, British Columbia, June 01, 2020 (GLOBE NEWSWIRE) — Thor Explorations Ltd. (TSX VENTURE: THX) (“Thor” or the “Company”) announces that as a result of the COVID-19 pandemic it will be relying on the coordinated relief provided by the securities regulators for an extension to the deadline for certain periodic filings. The Canadian Securities Administrators granted blanket relief for all market participants, providing up to a 45-day extension for periodic filings normally required to be made on or before June 1, 2020.In accordance with the blanket relief, the Company will delay the filing of its unaudited annual financial statements for the quarter ended Mar. 31, 2020, the management’s discussion and analysis (MD&A) for the corresponding...

Velan Inc. Announces the Appointment of Réjean Ostiguy to the Position of Chief Financial Officer

Written by Customer Service on June 1, 2020. Posted in Public Companies.

MONTREAL, June 01, 2020 (GLOBE NEWSWIRE) — Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, is pleased to announce as part of the planned succession of the Company`s finance department, the appointment today of Rejean Ostiguy as its new Chief Financial Officer. He will be a key member of the Company’s Senior Management team and is succeeding John Ball, who has been effectively carrying out his mandate as Chief Financial Officer since June 1, 2005. Mr. Ostiguy will report directly to Yves Leduc, CEO, and the Chair of the Audit Committee of Velan Inc.Rejean Ostiguy, CPA, pursued an impressive career in the finance departments of various industries, namely at Bombardier Recreational Products Inc (“BRP”) and more recently at Knowlton Development Corporation (“KDC”). He has held successive senior...

Velan Inc. annonce la nomination de Réjean Ostiguy au poste de directeur financier

Written by Customer Service on June 1, 2020. Posted in Public Companies.

MONTRÉAL, 01 juin 2020 (GLOBE NEWSWIRE) — Velan Inc. (TSE : VLN) (la « Société »), l’un des chefs de file mondiaux en fabrication de robinetterie industrielle, est heureux d’annoncer la nomination aujourd’hui de Réjean Ostiguy, CPA au poste de directeur financier). Il sera un membre clé de l’équipe de la haute direction de la Société et succède à John Ball qui a occupé ce poste depuis le 1er juin 2005. M. Ostiguy se rapportera directement à Yves Leduc, chef de la direction et au président du comité de vérification de Velan Inc.Réjean Ostiguy a mené une brillante carrière au sein du département des Finances d’entreprises dans divers secteurs industriels. Il a occupé plusieurs postes de direction en assumant des responsabilités croissantes dans le domaine des finances, tout d’abord chez BRP (TSE : DOO) puis de 2013 à 2019 chez Knowlton...

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