Day: August 12, 2020

SALT LAKE CITY, Aug. 11, 2020 (GLOBE NEWSWIRE) — Overstock.com, Inc. (NASDAQ:OSTK) (“Overstock”) announces the pricing of its previously announced underwritten public offering of 2,100,000 shares of its common stock, par value $0.0001 per share (the “Common Stock”) at a public offering price of $84.50 per share. The size of the offering was increased from the previously announced 1,700,000 shares offered.  In addition, Overstock has granted underwriters a 30-day option to purchase up to an additional 315,000 shares of the Common Stock, at the public offering price, less the underwriting discount. The offering is expected to close on August 14, 2020, subject to customary closing conditions.Overstock anticipates that the gross proceeds from the offering will be $177,450,000, before deducting the underwriting discount and estimated...

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KAPALUA RESORT, Hawaii, Aug. 11, 2020 (GLOBE NEWSWIRE) —Maui Land & Pineapple Company, Inc. (NYSE: MLP) reported a net loss of $157,000, or $(0.01) per share, for the second quarter of 2020, compared to a net loss of $181,000 million, or $(0.01) per share, for the second quarter of 2019. The Company reported total operating revenues of $1.7 million and $2.5 million during the three months ended June 30, 2020 and 2019, respectively.For the six months ended June 30, 2020, the Company reported a net loss of $1.2 million, or $(0.06) per share, compared to a net loss of $1.3 million, or $(0.07) per share, for the six months ended June 30, 2019. The Company reported total operating revenues of $3.7 million and $4.8 million during the six months ended June 30, 2020 and 2019, respectively.The Company did not have any real estate asset...

CARSON CITY, NV, Aug. 11, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Pharmagreen Biotech, Inc. (OTC: PHBI), a company specializing in the development of highest quality tissue cultured starter plantlets for the cannabis and hemp industry, announced today that the Company has voluntarily filed for petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Nevada (the “Court”).“As we started to execute on our business plan, earlier this year before the spread of COVID-19, we completed financing that carried toxic terms after 6 months. Due to the Pandemic, our ETN process got delayed as Europe shut down for over two months, and these notes became due and as result these lenders are seeking very toxic conversions that would essentially wipe out the company’s valuation. After...

EDMONTON, Alberta, Aug. 11, 2020 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the second quarter and six months ended June 30, 2020. Revenue was down 5% to $39.05 million compared to Q2-2019. Year to date revenue was down 4% to $72.82 million compared to the same period last year. This decrease is due to zero land acre sales thus far in 2020, while 2019 revenue included 24.99 acres of raw, commercial and other land sales for revenue of $17.71 million. This led to the 54% decrease in community development revenue over Q2-2019 and 48% year to date. Revenue in our Investment Properties and REIT divisions grew by 2% over Q2-2019 and 3% year to date as a result of transfers from the Property Development division and third party...