Month: July 2020

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ALL FIGURES IN CANADIAN DOLLARS UNLESS OTHERWISE SPECIFIED.LOS ANGELES, July 30, 2020 (GLOBE NEWSWIRE) — Ventura Cannabis and Wellness Corp. (CSE:VCAN) (“Ventura Cannabis”, “Ventura”, “VCAN” or the “Company”) posted its financial statements and accompanying management discussion & analysis for the first fiscal quarter ending May 31, 2020. The financial statements and accompanying documentation are available at www.sedar.com.For the quarter ending May 31, 2020, Ventura generated an annual run-rate of approximately $1.7M in cannabis revenues, with gross profits from cannabis at 36%. Cash as of May 31, 2020 was $2.75M. Accounts payables were reduced in the first quarter by over $900K as part of the disposal of the addiction services...

SAN JOSE, Calif., July 30, 2020 (GLOBE NEWSWIRE) — California Water Service Group (NYSE: CWT) (the “Company”) today announced net income of $5.3 million or $0.11 earnings per diluted common share for the second quarter of 2020, compared to a net income of $17.0 million or $0.35 earnings per diluted common share for the second quarter of 2019.The $11.7 million decrease in net income was primarily due to lack of resolution of the California General Rate Case (“GRC”), which meant that no revenue was recorded in the second quarter from general rate relief and previously approved regulatory mechanisms. Other impacts to the quarterly results included water production cost increases of $6.5 million, of which $5.7 million would have been offset by regulatory mechanisms requested in the GRC, administrative and general expense increases of...

Fueled by Strong Loan and Deposit Growth; Declares Quarterly Cash Dividend of $0.05 per SharePORT ANGELES, Wash., July 30, 2020 (GLOBE NEWSWIRE) — First Northwest Bancorp (Nasdaq: FNWB) (“Company”), the holding company for First Federal Savings and Loan Association of Port Angeles (“Bank” or “First Federal”), today reported net income of $2.0 million, or $0.21 per diluted share, for the second quarter of 2020, reflecting strong loan and deposit growth and an addition to loan loss reserves related to the economic disruption from the COVID-19 pandemic.  These results compare to net income of $873,000, or $0.09 per diluted share, for the first quarter of 2020, and $2.1 million, or $0.21 per diluted share, for the second quarter of 2019. For the first six months of 2020, net income was $2.9 million, or $0.30 per diluted...

NEW YORK, July 30, 2020 (GLOBE NEWSWIRE) — Travelzoo® (NASDAQ: TZOO):Revenue of $7.0 million, down 73% from $26.6 million year-over-yearNon-GAAP operating loss of $2.5 million (adjustment of GAAP operating loss by excluding $4.1 million in stock option compensation expense)GAAP operating loss of $6.6 millionEarnings per share (EPS) of ($0.48) attributable to Travelzoo from continuing operationsTravelzoo, a global Internet media company that publishes exclusive offers and experiences for members, today announced financial results for the second quarter ended June 30, 2020. Revenue was $7.0 million, down 73% from $26.6 million year-over-year. Reported revenue excludes revenue from discontinued operations in Asia Pacific. Travelzoo’s reported revenue consists of advertising revenues and commissions, derived from and generated...

SANTIAGO, Chile, July 30, 2020 (GLOBE NEWSWIRE) — Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its unaudited results1 for the six month period ended June 30, 2020 and second quarter 2020 (2Q20).Adjusted ROAE of 12.0% in the quarter. Gross income up 7.1% YoY in 2Q20Net income attributable to shareholders in 2Q20 decreased 41.1% QoQ and 50.4% YoY, totaling Ch$84,859 million (Ch$ 0.45 per share and US$ 0.22 per ADR). It is important to point out that 2Q20 results include an additional provision of Ch$30,000 million recognized in order to increase coverage ratios considering the uncertainty surrounding the potential impacts on credit quality of the COVID-19 crisis. Excluding the additional provisions, the adjusted net income was Ch$106,759 million and the adjusted quarterly ROAE was 12.0%.Total gross income (Net...

– Strong global pipeline progress – three U.S. FDA1Fast Track Designations; surufatinib U.S. NDA2preparations underway; and initiation of global Phase III for fruquintinib –