Day: September 21, 2020

Financial and Operational Highlights:189.9% increase in e-commerce and wholesale sales to $23.0 million (representing 100% of sales for the quarter)Gross profit of $8.3 million$24.2 million decrease in SG&AEBITDA of $5.4 millionImplementation of Restructuring activities under Companies’ Creditors Arrangement Act (CCAA) ongoingSubsequent to quarter end, 18 DAVIDsTEA stores re-opened in Canada in support of the Company’s digital first strategyMONTREAL, Sept. 21, 2020 (GLOBE NEWSWIRE) — DAVIDsTEA Inc. (Nasdaq:DTEA) (DAVIDsTEA or “the Company”), a leading tea merchant in North America, announces its second quarter results for the period ended August 1, 2020. All dollar amounts are expressed in Canadian dollars.“Second quarter results reflect the solid performance of our online retailing and wholesale distribution activities as...

Faits saillants financiers et opérationnels :Hausse de 189,9 % des ventes tirées du commerce électronique et de gros pour atteindre 23,0 M$ (représentant 100 % des ventes du trimestre)Bénéfice brut de 8,3 M$Diminution de 24,2 M$ des frais de vente, généraux et administratifsBAIIA de 5,4 M$Mise en œuvre des activités de restructuration dans le cadre de la Loi sur les arrangements avec les créanciers des compagnies (LACC) en coursAprès la fin du trimestre, 18 magasins DAVIDsTEA ont rouvert au Canada pour soutenir la stratégie de la Société axée principalement sur le numériqueMONTRÉAL, 21 sept. 2020 (GLOBE NEWSWIRE) — Les Thés DAVIDsTEA Inc. (Nasdaq: DTEA) (« DAVIDsTEA » ou la « Société »), l’un des premiers marchands de thé en Amérique du Nord, annonce ses résultats du deuxième trimestre pour la période close le 1er août 2020. Tous...

•  Trading on TSX Venture Exchange to commence September 22, 2020, under ticker symbol ROMJ•  Common shares will be delisted from CSE on September 21, 2020VANCOUVER, British Columbia, Sept. 21, 2020 (GLOBE NEWSWIRE) — Rubicon Organics Inc. (CSE:ROMJ) (OTCQX: ROMJF) (“Rubicon Organics” or the “Company”), a licensed producer focused on cultivating and selling organic certified, premium cannabis, is pleased to announce that its common shares and 3,150,000 warrants will begin trading on the TSX Venture Exchange (the “TSX-V”), September 22, 2020. No action is required by current shareholders to trade their shares on the TSX-V.The common shares and warrants of the Company will be voluntarily delisted from the Canadian Securities Exchange at the close of trading on September 21, 2020 and commence trading on the TSX-V at the opening of...

FREEHOLD, NJ, Sept. 21, 2020 (GLOBE NEWSWIRE) — UMH Properties, Inc. (NYSE: UMH) announced that it closed on the acquisition of a manufactured housing community located in New York for a total purchase price of approximately $4.5 million. This community contains 163 developed homesites, of which approximately 71% are occupied. It is situated on approximately 21 acres. Samuel A. Landy, President and Chief Executive Officer, commented, “Lake Erie Estates is a value-add community located in Fredonia, New York. The community is well-located just off Interstate 90 and a short drive from Buffalo. We anticipate strong rental demand and look forward to implementing our value-add strategy.”UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 124 manufactured home communities with approximately...

Court Approves Disclosure Statement and Debtor-in-Possession Financing on Final Basis; Debtor-in-Possession Financing to Convert to Exit Financing Upon EmergenceCompany to Begin Solicitation of Votes for Plan of Reorganization; Amended RSA Supported by Approximately 95% of Secured Term LendersFullBeauty Wins Auction to Acquire Catherines’ E-Commerce Business for Over $40 MillionWell-Positioned to Execute Customer-Centric Retail and E-Commerce Business ModelMAHWAH, N.J., Sept. 21, 2020 (GLOBE NEWSWIRE) — ascena retail group, inc. (OTCMKTS: ASNAQ) and certain of its subsidiaries (collectively, “ascena” or the “Company”) today announced recent milestones achieved in the Company’s Court-supervised restructuring process.The United States Bankruptcy Court for the Eastern District of Virginia (the “Court”) has approved the adequacy of...

Carey Hendrickson to Step Down on November 6, 2020Company Initiates Search for a SuccessorDALLAS, Sept. 21, 2020 (GLOBE NEWSWIRE) — Capital Senior Living Corporation (the “Company”) (NYSE: CSU), one of the nation’s largest operators of senior living communities, today announced that Carey Hendrickson, Executive Vice President and Chief Financial Officer, will step down from his position to pursue another opportunity. To ensure a smooth transition, Mr. Hendrickson will remain in his current role through November 6, 2020. The Company has initiated a comprehensive search for a successor and has retained a leading executive search firm to assist with the process.“We thank Carey for his numerous contributions to the company during his tenure as CFO,” said Kimberly S. Lody, President and Chief Executive Officer. “He has been a valued...

SHANGHAI, China, Sept. 21, 2020 (GLOBE NEWSWIRE) — Qutoutiao Inc. (“Qutoutiao”, the “Company” or “We”) (NASDAQ: QTT), a leading operator of mobile content platforms in China, today announced its unaudited financial results in the second quarter ended June 30, 2020.Second Quarter 2020 HighlightsCombined average MAUs1 were 136.5 million, compared to 119.3 million in the second quarter of 2019 and 138.3 million in the first quarter of 2020.Combined average DAUs2 were 43.0 million, compared to 38.7 million in the second quarter of 2019 and 45.6 million in the first quarter of 2020.Average daily time spent per DAU was 55.2 minutes, compared to 60.0 minutes in the second quarter of 2019 and 62.4 minutes in the first quarter of 2020.Net revenues increased 4.0% year-over-year to RMB1,441.0 million (US$204.0 million), compared to RMB1,411.8...

NEW YORK, Sept. 21, 2020 (GLOBE NEWSWIRE) — The Nasdaq Stock Market announced today that it will delist the American Depositary Shares, of Therapix Biosciences Ltd.  Therapix Biosciences Ltd.’s American Depositary Shares were suspended on July 2, 2020 and have not traded on Nasdaq since that time.Nasdaq also announced today that it will delist the common stock of Stein Mart, Inc.  Stein Mart, Inc.’s common stock was suspended on August 24, 2020 and has not traded on Nasdaq since that time.Nasdaq also announced today that it will delist the common stock of Shiloh Industries, Inc.  Shiloh Industries, Inc.’s common stock was suspended on September 10, 2020 and has not traded on Nasdaq since that time.Nasdaq will file a Form 25 with the Securities and Exchange Commission to complete the delistings. The delistings become effective ten...

SILVER SPRING, Md., Sept. 21, 2020 (GLOBE NEWSWIRE) — Aziyo Biologics, Inc. (“Aziyo”), a commercial-stage regenerative medicine company focused on creating the next generation of differentiated products and improving outcomes in patients undergoing surgery, announced today that Maybelle Jordan, Vice President of Business Development of Biomerix Corporation, and Brigid Makes, former Senior Vice President and Chief Financial Officer of Miramar Labs, have joined its board of directors.Maybelle Jordan has served as Vice President of Business Development of Biomerix Corporation, a biomaterials company focused on scaffold technology in the medical technology industry, since 2011, and as Chief Operating Officer for Biomerix from 2003 to 2011. She also co-founded and served as President and CEO of MTrap Inc., a clinical-stage biomaterials...

New analysis of age-related macular degeneration (AMD) progression in Phase 2 FILLY study accepted as late-breaking oral presentation at European Society of Retina Specialists Congress (EURETINA)Pegcetacoplan targets C3, and has the potential to control the irreversible lesion growth in GA, an advanced form of AMD and leading cause of blindnessWALTHAM, Mass., Sept. 21, 2020 (GLOBE NEWSWIRE) — Apellis Pharmaceuticals, Inc. (Nasdaq: APLS), a global biopharmaceutical company and leader in targeted C3 therapies, today announced that a post hoc analysis of the Phase 2 FILLY study investigating intravitreal pegcetacoplan (APL-2) for the treatment of geographic atrophy (GA) secondary to age-related macular degeneration (AMD) has been accepted as a late-breaking oral presentation by EURETINA 2020 Virtual.This new analysis of the FILLY study...