Month: July 2020

VANCOUVER, British Columbia, July 14, 2020 (GLOBE NEWSWIRE) — AgraFlora Organics International Inc.  (“AgraFlora” or the “Company”) (CSE: AGRA) (Frankfurt: PU31) (OTCPK: AGFAF) is pleased to announce its wholly owned subsidiary Sustainable Growth Strategic Capital Corp. (“SGSC” or “the Company”), a federally licensed cannabis company based in the Greater Toronto Area (“GTA”), in partnership with its biomass partner MicroC45, has generated an inventory of approximately 1,000 kg of CBD Crude Oil and Distillate (collectively “CBD Oil”), which it is readying for sale this quarter.  The CBD oil was produced from approximately 10,000 kilograms of hemp biomass that was subject to the Company’s proprietary pre-extraction processes.  The Company has retained an inventory of approximately 10,000 kilograms of additional hemp biomass ready...

Beverly Hills, CA, July 13, 2020 (GLOBE NEWSWIRE) — FAT Brands Inc. (Nasdaq: FAT), today announced the pricing of an underwritten public offering of 360,000 shares of 8.25% Series B Cumulative Preferred Stock. Each share of 8.25% Series B Cumulative Preferred Stock will be accompanied by five warrants (“Warrants”), each Warrant to purchase one share of Common Stock at an exercise price of $5.00 per share of Common Stock. Each share of Series B Cumulative Preferred Stock and accompanying five Warrants is being offered at a price of $25.00. The shares of Series B Preferred Stock and Warrants will be issued separately but can only be purchased together in this offering. Each Warrant will be exercisable beginning on the earlier of one year from the date of issuance or the consummation of a consolidation, merger or other business combination...

MONTREAL, July 13, 2020 (GLOBE NEWSWIRE) — Relevium Technologies Inc. (TSX.V: “RLV”, OTC: “RLLVF” and Frankfurt: “6BX”) (the “Company” or “Relevium”) is pleased to announce it has entered into a Letter of Intent (“LOI”) with H-Source Holdings, a leading secure and trusted Personal Protective Equipment (“PPE”) platform, to partner in the development, strategic sourcing and supply of global PPE requirements due to COVID-19BACKGROUNDOn March 2020, the World Health Organization declared a global pandemic and as nations around the world began to deal with the outbreak of COVID-19, the market for PPE products and supplies saw a huge surge in demand that created major gaps and inefficiencies in the supply chain.As Relevium was introducing its first line of defense Bioganix CleanCare, the entire market of PPE was faced with major supply...

BRIDGEWATER, N.J., July 13, 2020 (GLOBE NEWSWIRE) — Osmotica Pharmaceuticals plc (Nasdaq: OSMT) (“Osmotica” or the “Company”), a fully integrated biopharmaceutical company, announced today the pricing of its previously announced public offering of 5,000,000 ordinary shares at a price to the public of $6.55 per share. All of the shares are being offered by Osmotica. Osmotica also is granting the underwriters a 30-day option to purchase up to an additional 750,000 ordinary shares. The offering is expected to close on July 16, 2020, subject to satisfaction of customary closing conditions.Credit Suisse Securities (USA) LLC is acting as sole bookrunner for the offering.The ordinary shares are being offered and sold pursuant to the Company’s effective registration statement on Form S-3 (File No. 333-236193) filed with the U.S. Securities...

GAITHERSBURG, Md., July 13, 2020 (GLOBE NEWSWIRE) — Altimmune, Inc. (Nasdaq: ALT), a clinical-stage biopharmaceutical company, today announced the pricing of its previously announced underwritten public offering of 3,369,564 shares of its common stock and, to certain investors in lieu thereof, pre-funded warrants to purchase 1,630,436 shares of its common stock at an exercise price of $0.0001 per share.  The public offering price of each share of common stock is $23.00 and the public offering price of each pre-funded warrant is $22.999 per underlying share. In addition, Altimmune has granted the underwriters a 30-day option to purchase up to an additional 750,000 shares of its common stock at the public offering price, less underwriting discounts and commissions. This offering is expected to close on or about July 16, 2020, subject...

MACAU, July 14, 2020 (GLOBE NEWSWIRE) — Melco Resorts Finance Limited (“Melco Resorts Finance”) announces that it proposes to conduct an international offering of senior notes (the “New Notes”), the net proceeds from which will be used to make a repayment of the principal amount outstanding for the revolving credit facility under the senior facilities agreement entered into by MCO Nominee One Limited, a subsidiary of Melco Resorts Finance, on April 29, 2020 and for general corporate purposes. Melco Resorts Finance is a wholly-owned subsidiary of Melco Resorts & Entertainment Limited (“Melco”).The New Notes are proposed to be senior obligations of Melco Resorts Finance, ranking equally with all of Melco Resorts Finance’s existing and future senior indebtedness. Melco will not be a guarantor of the New Notes.The interest rate and...

CALGARY, Alberta, July 13, 2020 (GLOBE NEWSWIRE) — ARROW Exploration Corp. (“Arrow” or the “Company”) (TSXV: AXL) is pleased to announce the filing of its unaudited Financial Statements and MD&A for the quarter-ended March 31st, 2020, which are available on SEDAR (www.sedar.com).FINANCIAL AND OPERATING HIGHLIGHTS(1)Non-IFRS measures – see “Non-IFRS Measures” section within the MD&A(2)Long term restricted cash not included in working capitalMarshall Abbott, CEO of Arrow commented, “The first quarter of 2020 marked the return of significant challenges for the international oil & gas industry, following the outbreak of the COVID-19 pandemic. Arrow faces many of these same challenges, including lower crude oil prices as a result of reduced global oil demand.”Mr. Abbott continued, “On our LLA-23 block, production rates...

TORONTO, July 13, 2020 (GLOBE NEWSWIRE) — iSIGN Media Solutions Inc. (“iSIGN” or “Company”) (TSX-V: ISD) (OTC: ISDSF), a leading provider of interactive mobile proximity marketing and public security alert solutions announced it has entered into a debt settlement arrangement with various companies and individuals in which the Company has agreed to issue an aggregate of 11,457,788 common shares at a deemed price of $0.05 per share in settlement of debts owned of $572,890.Included in this transaction are various companies that are either wholly or partially owned and controlled by Josip Kozar, iSIGN’s Chief Executive Officer. Mr. Kozar is deemed to be a “related party”, as such term is defined in Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”), being the Company’s Chief...

VANCOUVER, British Columbia, July 13, 2020 (GLOBE NEWSWIRE) — Madison Pacific Properties Inc. (the Company) (TSX: MPC and MPC.C), a Vancouver-based real estate company announces the results of operations for the nine months ended May 31, 2020.The results reported are pursuant to International Financial Reporting Standards (IFRS) for public companies.For the nine months ended May 31, 2020, the Company is reporting net income of $25.1 million (2019: $24.4 million); cash flows from operating activities before changes in non-cash operating balances of $10.2 million (2019: $9.5 million); and income per share of $0.43 (2019: $0.40). Included in net income is an after-tax net gain from the fair value adjustment on investment properties of $19.3 million (2019: $16.5 million).The Company currently owns approximately $585 million in investment...

WEST PALM BEACH, Fla., July 13, 2020 (GLOBE NEWSWIRE) — Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”) will hold a conference call on Friday, July 17, 2020 at 8:30 a.m. (ET) to review the Company’s preliminary second quarter 2020 operating results and provide a business update. This event will follow Ocwen’s preliminary second quarter 2020 earnings and business update press release. The release will be available on the Ocwen Financial Corporation website at www.ocwen.com (through a link on the Shareholder Relations page).A live audio webcast and slide presentation for the call will be available at www.ocwen.com (through a link on the Shareholder Relations page). Those who want to listen to the call should go to the website at least fifteen minutes prior to the call to register, download and install any necessary...