Month: July 2020

BOCA RATON, Fla., July 31, 2020 (GLOBE NEWSWIRE) — Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQB: JUSHF), a globally-focused, multi-state cannabis and hemp operator, today announced the upsizing and closing of its previously announced US$15.25 million debt financing of 10% senior secured notes (“Notes”) and warrants to acquire subordinate voting shares (the “Warrants” and collectively, the “Offering”). To date, Jushi has closed on US$33.3 million of subscription receipts and has received US$27.8 million in cash proceeds. Included in the US$33.3 million are US$12.3 million of subscription receipts closed in escrow pending the closing of the previously announced acquisition for 100% of the equity of Pennsylvania Medical Solutions, LLC, a Pennsylvania grower-processor owned by Vireo Health International, Inc., and...

CARLSBAD, Calif., July 31, 2020 (GLOBE NEWSWIRE) — Alphatec Holdings, Inc. (Nasdaq: ATEC) (“Alphatec” or the “Company”), a provider of innovative spine surgery solutions dedicated to revolutionizing the approach to spine surgery, announced today that Pat Miles, Chief Executive Officer, will present virtually at the 40th Annual Canaccord Growth Conference on August 12, 2020, at 1 P.M. EDT.Management will also participate in virtual one-on-one meetings with investors who are registered to attend the conference.A live audio webcast of the conference presentation, along with copies of the accompanying presentation materials, will be available online from the Investor Relations page of the Company’s corporate website at www.atecspine.com. The webcast replay will be archived under the “Investor Presentations” link for 90 days following...

July 31, 2020Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that it has received the report from the U.S. House of Representatives Subcommittee on Economic and Consumer Policy and is providing an initial response.In April, 2020, Philips received a letter from the subcommittee, requesting information about Philips’ hospital ventilator activities in connection with the contracts for the delivery of 10,000 Trilogy Universal ventilators and 43,000 EV300 ventilators to the U.S. Department of Health and Human Services (HHS). Philips has cooperated with the subcommittee’s information requests.“Philips is supporting healthcare providers in the U.S. and globally to combat the COVID-19 pandemic,” said Frans van Houten, CEO of Royal Philips. “We have been transparent about...

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION TO THE UNITED STATESTORONTO, July 31, 2020 (GLOBE NEWSWIRE) — ABERDEEN INTERNATIONAL INC. (“Aberdeen” or the “Company”) (TSX: AAB) announces it has completed a fully-subscribed non-brokered private placement financing of 16,000,000 units of the Company (the “Units”) at a price of $0.05 per Unit for gross proceeds of $800,000 (the “Offering”). Each Unit consists of one common share of the Company (each a “Common Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”) entitling the holder to acquire a Common Share at a price of $0.07 for a period of two years from the date of issuance, subject to an acceleration provision whereby in the event that...

MANCHESTER, Conn., July 31, 2020 (GLOBE NEWSWIRE) — Lydall, Inc. (NYSE: LDL), a leading U.S. manufacturer of value-added engineered materials and specialty filtration solutions that create a cleaner, safer and quieter world, hosted a groundbreaking ceremony on Friday, July 24 to celebrate a major expansion of its production facility in Rochester, New Hampshire. The ceremony marked the beginning of construction on Lydall’s Filtration Center of Excellence, where the company will develop new, high-performing and environmentally sustainable media for air and liquid filtration. The new facility will also house two new production lines that will enable Lydall to dramatically increase production of fine fiber meltblown filtration media for N95 respirators, surgical masks and air filtration systems. U.S. Senator Jeanne Shaheen, Mayor Caroline...

AURORA, Ill., July 31, 2020 (GLOBE NEWSWIRE) — Westell Technologies, Inc. (NASDAQ: WSTL), a leading provider of high-performance network infrastructure solutions, today announced that on July 28, the Company received a letter from the Listing Qualifications Department of The NASDAQ Stock Market indicating that it has regained compliance with the $1.00 minimum bid price requirement for continued listing on The NASDAQ Capital Market under Listing Rule 5550(a)(2).  The Company regained compliance with the NASDAQ’s requirements when the closing bid price for the Company’s common stock was at or above $1.00 for ten consecutive business days.Additionally, the Company announced that it decided to forego the quarterly investor call that would have been scheduled in August 2020 in light of the proposed reverse/forward stock split...

NEW YORK, July 31, 2020 (GLOBE NEWSWIRE) — National General Holdings Corp. (Nasdaq: NGHC) reported second quarter 2020 net income of $157.6 million or $1.37 per diluted share, compared to net income of $69.0 million or $0.60 per diluted share in the second quarter of 2019. Second quarter 2020 operating earnings (non-GAAP)(1) were $157.6 million or $1.36 per diluted share compared to $78.1 million or $0.67 per diluted share in the second quarter of 2019.Second Quarter 2020 Highlights versus Second Quarter 2019*Gross written premium grew by $50.4 million to $1,243.2 million compared to the prior year’s quarter due to our P&C segment growth of 3.2%, driven by the acquisition of National Farmers Union Property and Casualty Company (“Farmers Union Insurance”) in the third quarter of 2019, and organic growth, largely offset by the...

MONACO, July 31, 2020 (GLOBE NEWSWIRE) — Navios Maritime Containers L.P. (“Navios Containers”, or the “Partnership”) (NASDAQ: NMCI), a growth vehicle dedicated to the container sector, announced today that its Board of Directors has authorized a unit repurchase program for up to $6.0 million of the Partnership’s common units over a one-year period.Unit repurchases will be made from time-to-time for cash in open market transactions at prevailing market prices or in privately negotiated transactions. The timing and amount of repurchases under the program will be determined by Navios Containers’ management based upon market conditions and other factors. Repurchases may be made pursuant to a program adopted under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. The program does not require any minimum repurchase or...