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Month: June 2020

Open Book Extracts Acquires Chilmark Labs to Commercialize Rare Cannabinoids and Pioneer Scientific Research and Technologies for the CBD Industry

ROXBORO, N.C., June 15, 2020 (GLOBE NEWSWIRE) — Open Book Extracts, one of the leading vertically integrated, cGMP certified processors of high-quality cannabinoid products, is pleased to announce the signing of definitive agreements to acquire Chilmark Labs and its Israeli affiliate, Beetlebung Pharma Ltd., which bring to Open Book Extracts their global leadership position in the manufacturing of high-purity rare and minor cannabinoids. Together, the merged companies will bring to market commercial-scale production of precise, consistently formulated custom cannabinoid blends, and spearhead research and development (R&D) into the efficacy of custom formulations to deliver targeted therapeutic outcomes.With research and production facilities located in Israel and the United States, Chilmark Labs has developed proven methods...

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Sugarbud Files Final Short Form Prospectus for Convertible Debenture Unit Offering

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, June 15, 2020 (GLOBE NEWSWIRE) — Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.WT) (“Sugarbud” or the “Company”) is pleased to announce that it has filed and obtained a receipt for a final short form prospectus in each of the provinces of Canada, except Québec, in connection with its previously announced offering (the “Offering”) of convertible debenture units of the Company (the “Debenture Units”) at a price of $1,000 per Debenture Unit for gross proceeds of a minimum of $3.0 million and up to a maximum of $4.0 million. Mackie Research Capital Corporation (the “Agent“) is acting as agent in respect of...

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RioCan Real Estate Investment Trust Announces June 2020 Distribution

TORONTO, June 15, 2020 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced a distribution of 12 cents per unit for the month of June. The distribution will be payable on July 7, 2020 to unitholders of record as at June 30, 2020.About RioCanRioCan is one of Canada’s largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at March 31, 2020, our portfolio is comprised of 222 properties with an aggregate net leasable area of approximately 38.6 million square feet (at RioCan’s interest) including office, residential rental and 16 development properties. To learn more about us, please visit www.riocan.com.Information contact:Kim...

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Baudax Bio Announces Full Commercial Launch of ANJESO™ and Receipt of Unique C-Code and Pass-Through Payment Status Effective July 1, 2020

MALVERN, Pa., June 15, 2020 (GLOBE NEWSWIRE) — Baudax Bio, Inc. (NASDAQ:BXRX), a pharmaceutical company focused on therapeutics for acute care settings, today announced the commercial launch of ANJESO™ (meloxicam) injection. ANJESO was approved by the U.S. Food and Drug Administration (FDA) on February 20, 2020. Baudax has hired, trained, and now deployed 50 acute care sales representatives across the country. Baudax also announced that the Centers for Medicare and Medicaid Services (CMS) has approved transitional pass-through status and established a new reimbursement code for ANJESO. The code, C9059, is scheduled to become effective July 1, 2020.“We have assembled an acute care sales team with deep experience in the hospital market, and they completed their comprehensive virtual training by the end of May. As of June 1, the field...

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Amplify Energy Announces Results of Borrowing Base Redetermination and Provides Liquidity Update

HOUSTON, June 15, 2020 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today that it has completed the regularly scheduled redetermination of its revolving credit facility borrowing base and entered into an amendment to its credit agreement. The redetermination resulted in a revised borrowing base of $285 million effective immediately with scheduled monthly reductions of $5 million until the borrowing base reaches $260 million on November 1, 2020. The next regularly scheduled borrowing base redetermination is expected to occur in November 2020.“Amplify’s Spring borrowing base redetermination process was challenging as bank price decks reflected the historic severe downturn in commodity prices, which have since experienced meaningful recoveries,” said Martyn Willsher, interim Chief Executive...

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TELA Bio, Inc. Announces Poster Presentations at the 2020 Minimally Invasive Surgery Symposium (MISS)

MALVERN, Pa., June 15, 2020 (GLOBE NEWSWIRE) — TELA Bio, Inc. (“TELA”) (Nasdaq: TELA), a commercial stage medical technology company focused on designing, developing and marketing a new category of tissue reinforcement materials to address unmet needs in soft tissue reconstruction, today announced that two abstracts focused on evaluating OviTex® products have been accepted for poster presentations at the 20th annual Minimally Invasive Surgery Symposium (MISS). The MISS conference will take place virtually from June 9 through June 24, 2020.In one poster presentation, titled, “Reinforced Biologics in MIS Ventral Hernia Repair,” author Geoffrey Slayden, MD, FACS, on behalf of the BRAVO study group, provides results for the 31 ventral hernia patients repaired minimally invasively, either robotically or laparoscopically,...

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Dr. Quinton Hennigh Appointed as Technical and Senior Business Advisor for Eloro Resources Ltd.

TORONTO, June 15, 2020 (GLOBE NEWSWIRE) — Eloro Resources Ltd. (TSX-V: ELO; FSE: P2Q) (“Eloro” or the “Corporation”) is pleased to announce that Dr. Quinton Hennigh has joined Eloro as Technical and Senior Business Advisor.Dr. Hennigh is an economic geologist with 25 years of exploration experience, and is a founder and current Chairman and President of Novo Resources Corp., which is exploring and developing gold projects in the Pilbara region of Western Australia, including its Beatons Creek, Karratha and Egina gold projects, the latter of which is under a joint venture with Japan’s Sumitomo Corporation.  Early in his career, Dr. Hennigh explored for major mining firms including Homestake Mining Company, Newcrest Mining Ltd and Newmont Mining Corporation.  He then joined the junior mining sector in 2007 and has been involved with...

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Solar Alliance Now Offers Residential Solar Financing Option

VANCOUVER, British Columbia and KNOXVILLE, Tenn., June 15, 2020 (GLOBE NEWSWIRE) — Solar Alliance Energy Inc. (‘Solar Alliance’ or the ‘Company’) (TSX-V: SOLR, OTC: SAENF) is pleased to announce it now offers the ezSolarLoan financing option for residential solar customers through Community 1st Credit Union. Solar Alliance works with Community 1st Credit Union to allow homeowners to finance their solar systems so they can enjoy the many benefits of solar without the upfront cost. The process is a seamless online application and fast approval.The residential solar division of Solar Alliance continues to grow as we diversify the Company across multiple business segments. During the current economic crisis, Solar Alliance has experienced a strong increase in residential solar sales. The ability to offer a financing solution allows...

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