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Day: September 23, 2020

Veritas Farms Announces Commencement of $4.0 Million Private Offering

Fort Lauderdale, FL, Sept. 23, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — Veritas Farms, Inc. (OTCQB: VFRM), a vertically-integrated agribusiness focused on the production of full spectrum hemp extracts with naturally occurring cannabinoids, today announced that it had commenced a $4.0 million private offering to be conducted pursuant to Rule 506(b) of Regulation D promulgated under the Securities Act of 1933, as amended (the “Offering”).In the Offering, Veritas Farms is seeking to offer and sell up to 8,000,000 Units at a price of $0.50 per Unit.  Each Unit consists of (i) two shares of our common stock; and (ii) one warrant, entitling the holder to purchase one share of our common stock at an exercise price of $0.50 at any time through August 31, 2025.  In its discretion Veritas Farms may increase the size of the Offering...

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Brookfield Asset Management Announces Proposed Debt Offering

BROOKFIELD NEWS, Sept. 23, 2020 (GLOBE NEWSWIRE) — Brookfield Asset Management Inc. (“Brookfield”) (TSX: BAM.A, NYSE: BAM) today announced that it is commencing a public debt offering, subject to market and other conditions, of notes due 2051 (the “notes”).The notes will be issued by Brookfield Finance Inc., an indirect 100% owned subsidiary of Brookfield, and will be fully and unconditionally guaranteed by Brookfield. The net proceeds from the sale of the notes will be used for general corporate purposes.Deutsche Bank Securities Inc., BofA Securities, Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.The notes will be offered under Brookfield Finance Inc.’s existing base shelf prospectus filed in the United States and Canada. In the United States, the notes are being offered pursuant...

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TEN Ltd Reports Record Profits For The Second Quarter And Six Months Ended June 30, 2020

Five-fold increase in net income Y-o-YStrong quarterly revenues of $190 million$300 million debt reduction from 2016 peakNew deliveries add a minimum of $180 million in time-charter equivalent revenues during charter periodTEN’s crew health and safety remains a priorityATHENS, Greece, Sept. 23, 2020 (GLOBE NEWSWIRE) — TEN, Ltd (TEN) (NYSE: TNP) (the “Company”) today reported results (unaudited) for the quarter and six months ended June 30, 2020.SIX MONTHS 2020 SUMMARY RESULTSNet income in the first half of 2020 amounted to $69.2 million excluding non-cash one-off charges or $52.7 million if such non-cash charges are included. Earnings per share for this six-month period were $1.64 compared to a $(0.66) loss per share for the same period of 2019.Gross revenues in the first half of 2020 amounted to $369.7 million, 27.0% higher than...

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Myovant Sciences Launches “Forward for Health Equity” Grant Program to Improve Healthcare Access in Prostate Cancer and Uterine Fibroids

Prostate cancer and uterine fibroids disproportionately impact Black Americans; racial disparities are exacerbated by inequities in healthcare access and COVID-19 pandemicMyovant expands ongoing efforts to advance health equity with grant program to award up to $200,000 for innovative projects focused on improving access to healthcareBASEL, Switzerland, Sept. 23, 2020 (GLOBE NEWSWIRE) — Myovant Sciences (NYSE: MYOV), a healthcare company focused on redefining care for women and for men, today announced the launch of its “Forward for Health Equity” grant program. The program will provide funding to nonprofit healthcare organizations with innovative projects focused on improving healthcare access, with an initial focus on reducing racial disparities in prostate cancer and uterine fibroids in the U.S. Myovant will award as many as...

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Stingray Announces Normal Course Issuer Bid

MONTREAL, Sept. 23, 2020 (GLOBE NEWSWIRE) — Stingray Group Inc (TSX: RAY.A; RAY.B) (“Stingray”), a leading music, media and technology company, today announced that the Toronto Stock Exchange (“TSX”) has approved its normal course issuer bid (“NCIB”), authorizing Stingray to repurchase up to an aggregate 3,485,155 subordinate voting shares and variable subordinate voting shares (collectively, “Subordinate Shares”), representing approximately 10% of the public float of Subordinate Shares as at September 21, 2020.The net average daily trading volume for the six-month period preceding September 1, 2020 represents 129,062 Subordinate Shares. In accordance with TSX requirements, Stingray is entitled to purchase, on any trading day, up to a total of 32,265 Subordinate Shares representing 25% of this average daily trading volume.Stingray...

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Stingray annonce une offre publique de rachat dans le cours normal des activités

MONTRÉAL, 23 sept. 2020 (GLOBE NEWSWIRE) — Groupe Stingray Inc. (TSX : RAY.A; RAY.B) (« Stingray »), chef de file dans les domaines de la musique, des médias et de la technologie, a annoncé aujourd’hui que la Bourse de Toronto (la « TSX ») a approuvé son offre publique de rachat dans le cours normal des activités (l’« offre de rachat »), aux termes de laquelle Stingray est autorisée à racheter un maximum de 3 485 155 actions à droit de vote subalterne et actions à droit de vote subalterne variable (collectivement, les « actions à droit de vote subalterne »), ce qui représente environ 10 % du flottant des actions à droit de vote subalterne au 21 septembre 2020.Le volume d’opérations quotidien moyen net pour la période de 6 mois précédant le 1er septembre 2020 représente 129 062 actions à droit de vote subalterne. Conformément aux...

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MariMed’s Best-Selling Betty’s Eddies™ and Kalm Fusion™ Brands Now Available in Puerto Rico

Products Manufactured and Distributed by Tropizen LLC, Marimed’s Puerto Rico strategic partnerMariMed Manufactures and Distributes Tropizen’s Popular Infused “ Hot Sauce” Product in the States  NORWOOD, Mass., Sept. 23, 2020 (GLOBE NEWSWIRE) — MariMed Inc. (MRMD:OTCQX) (the “Company” or “MariMed”), a leading multi-state cannabis and hemp operator focused on health and wellness, is pleased to announce that its award-winning brands Betty’s Eddies and Kalm Fusion are now available in Puerto Rico’s medical cannabis program. MariMed branded products will be produced and distributed by Tropizen, a major licensed cultivator, manufacturer, and distributor of medical cannabis products in Puerto Rico.Marni Meistrell, Co-founder of Tropizen said, “We are excited for the opportunity to offer MariMed’s proprietary, high-quality products...

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Plug Power Partners with Universal Hydrogen on Hydrogen Fuel Cell Propulsion System for Regional Turboprop Aircraft

LATHAM, N.Y., Sept. 23, 2020 (GLOBE NEWSWIRE) — Plug Power Inc. (NASDAQ: PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, today announced a new partnership with Universal Hydrogen, an end-to-end fuel logistics company making hydrogen-powered commercial flight a near-term reality. Under this partnership, the companies plan to develop, build, and certify a commercially-viable hydrogen fuel cell-based propulsion system designed to power commercial regional aircraft. This initiative is part of Plug Power’s strategy to bring its proven hydrogen ProGen fuel cell technology to new markets through engaging leaders in industries such as commercial aviation and aerospace. This partnership also furthers Plug Power’s ambitions to build a hydrogen economy.Bringing together Universal Hydrogen’s aerospace...

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ADM Endeavors, Inc.’s (ADMQ) CEO Purchases 17,160,000 Shares of Common Stock out of the Public Float

Fort Worth, Texas, Sept. 23, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — ADM Endeavors, Inc. (OTCQB: ADMQ), today announced that the Company’s CEO, Marc Johnson, has privately purchased 17,160,000 common shares out of the Company’s public float.Marc Johnson, CEO of ADM Endeavors, stated: “As a continued indication of my belief in our Company, I have purchased an additional 17,160,000 common shares out of the public float. Due to the purchase, those shares are now affiliate shares and are restricted.”Mr. Johnson continued: “I have disclosed these additional stock acquisitions in my Securities and Exchange Commission Form 4 filings.”Mr. Johnson now beneficially owns 81,696,833 restricted shares of common stock, out of a total of 160,902,143 shares of common stock issued and outstanding, equating to 50.8% of all issued and outstanding...

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Sugarmade Takes Steps Toward Establishing Licensed Cannabis Cultivation in Northern California

NEW YORK, Sept. 23, 2020 (GLOBE NEWSWIRE) — via NetworkWire – Sugarmade, Inc. (OTC: SGMD) (“Sugarmade” or the “Company”) is excited to announce the signing of a nonbinding Letter of Intent (the “LOI”) with LMK Capital, LLC (“LMK”). Sugarmade and LMK have agreed to work toward the negotiation of a definitive lease agreement for access to as much as 40 acres of property in Northern California. The Company intends to use 5 acres of the property to operate a regulated and licensed cannabis cultivation business. Jimmy Chan, Sugarmade’s chairman of the board, chief executive officer, chief financial officer and majority stockholder, is also majority owner of LMK.“We continue to take strategic steps toward broadening our exposure to the growth trend in the cannabis market,” Chan commented. “We see this as a secular growth trend that is...

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