Day: November 9, 2020

Indus Holdings, Inc. Announces New Chief Financial Officer

Board Member Brian Shure will join executive team as Chief Financial OfficerSteve Neil will remain at the Company in a senior capacitySALINAS, Calif., Nov. 09, 2020 (GLOBE NEWSWIRE) — Indus Holdings, Inc. (CSE: INDS; OTCQX: INDXF), a leading, vertically-integrated cannabis company (the “Company”), with capabilities in cultivation, extraction and manufacturing, brand sales, marketing and distribution, is pleased to announce that Brian Shure has been appointed as Chief Financial Officer.In anticipation of upcoming needs, the Company announces that Brian Shure, currently a Board member and Chairman of its Audit Committee, has accepted his appointment as Chief Financial Officer effective today. Steve Neil will remain with the company in a senior capacity and will focus his efforts on preparing the company for a potential US registration...

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Osisko Declares Fourth Quarter 2020 Dividend

MONTREAL, Nov. 09, 2020 (GLOBE NEWSWIRE) — Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (OR: TSX & NYSE) is pleased to announce a fourth quarter 2020 dividend of C$0.05 per common share. The dividend will be paid on January 15, 2021 to shareholders of record as of the close of business on December 31, 2020.For shareholders residing in the United States, the U.S. dollar equivalent will be determined based on the daily rate published by the Bank of Canada on December 31, 2020. This dividend is an “eligible dividend” as defined in the Income Tax Act (Canada).The Company also wishes to remind its shareholders that it has implemented a dividend reinvestment plan (the “Plan”). Shareholders who are residents of Canada and the United States may elect to participate in the Plan in connection with the dividend to...

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Osisko déclare un dividende pour le quatrième trimestre de 2020

MONTRÉAL, 09 nov. 2020 (GLOBE NEWSWIRE) — Redevances Aurifères Osisko Ltée (la « Société » ou « Osisko ») (TSX et NYSE : OR) a le plaisir d’annoncer un dividende pour le quatrième trimestre de 2020 de 0,05 $ CAD par action ordinaire. Le dividende sera payé le 15 janvier 2021 aux actionnaires inscrits aux registres en date du 31 décembre 2020 à la fermeture des bureaux.Pour les actionnaires résidant aux États-Unis, le dollar américain équivalent sera déterminé en fonction du taux de change journalier publié par la Banque du Canada le 31 décembre 2020. Ce versement de dividende est considéré comme un dividende déterminé, tel que défini par la Loi de l’impôt sur le revenu (Canada).La Société souhaite aussi rappeler à ses actionnaires inscrits au Canada et aux États-Unis qu’elle a mis en place un régime de réinvestissement des...

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Osisko publie de solides résultats pour le troisième trimestre de 2020

MONTRÉAL, 09 nov. 2020 (GLOBE NEWSWIRE) — Redevances Aurifères Osisko Ltée (la « Société » ou « Osisko ») (TSX et NYSE : OR) annonce aujourd’hui ses résultats financiers consolidés pour le troisième trimestre de 2020.Faits saillants (montants indiqués en dollars canadiens, sauf indication contraire)Record des produits provenant des redevances et des flux de 41,2 millions de dollars (T3 2019 – 33,9 millions de dollars);Record des flux de trésorerie générés par les activités d’exploitation de 36,1 millions de dollars (T3 2019 – 28,3 millions de dollars); 31,7 millions de dollars avant la variation des éléments hors caisse (T3 2019 – 25,1 millions de dollars);Marge monétaire1 record de 96,4 % sur les droits de redevances et de flux de métaux, générant 39,7 millions de dollars en flux de trésorerie d’exploitation, en plus d’une marge...

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Osisko Reports Strong Third Quarter 2020 Results

MONTRÉAL, Nov. 09, 2020 (GLOBE NEWSWIRE) — Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (OR: TSX & NYSE) today announced its consolidated financial results for the third quarter of 2020.Highlights (amounts in Canadian dollars, except otherwise noted)Record revenues from royalties and streams of $41.2 million (Q3 2019 – $33.9 million);Record cash flows from operating activities of $36.1 million (Q3 2019 – $28.3 million); $31.7 million before changes in non-cash working capital items (Q3 2019 – $25.1 million);Record cash operating margin1 of 96.4% from royalty and stream interests, generating $39.7 million in operating cash flow, in addition to a cash operating margin of $0.7 million from offtake interests;Earned 16,739 GEOs2 (Q3 2019 – 18,123 GEOs);Net earnings of $12.5 million, $0.08 per basic share (Q3 2019 – net...

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Indus Holdings, Inc. Reports Record Third Quarter 2020 Results

Company delivers strong results despite being adversely affected by California WildfiresVertically-integrated California cannabis leader reports highest revenue quarter since its inceptionSALINAS, Calif., Nov. 09, 2020 (GLOBE NEWSWIRE) — Indus Holdings, Inc. (“Indus” or the “Company”) (CSE:INDS; OTCQX: INDXF), a leading, vertically-integrated, California-focused cannabis company, announces its financial results for the third quarter ended September 30, 2020 following the previously released preliminary financial highlights. All figures stated are in US Dollars.Third Quarter Financial Highlights:Revenue generated for the three-month period ended September 30, 2020, was $14.1 million; a 40% year-over-year growth from the third quarter last year and an increase of 43% from the prior quarter. As a percentage of revenues, owned...

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Hanwei Energy Services Provides Update on Acquisition of Additional Entice Assets

VANCOUVER, British Columbia, Nov. 09, 2020 (GLOBE NEWSWIRE) — Hanwei Energy Services Corp. (TSX: HE) (“Hanwei” or the “Company”), today provided an update as to its acquisition of certain additional Entice assets.As previously reported, the Company completed its agreement to acquire out of a receivership proceeding certain oil and gas facilities, wells, and rights adjacent to its Entice Lands on June 30, 2020.The transfer of the assets from the receivership were subject to regulatory approval. The application for such approval has been rejected by the regulator, following the assessment of the Liability Management Rating relating to the oil and gas assets of the Company.The Company’s Entice Lands have been shut in as an adjacent gas handling plant accommodating gas production from these wells remains closed. The acquisition of the...

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First Eagle Senior Loan Fund Declares Monthly Distribution of $0.07 Per Share

BOSTON, Nov. 09, 2020 (GLOBE NEWSWIRE) — First Eagle Senior Loan Fund (the “Fund”) (NYSE: FSLF) today announced the declaration of its monthly distribution of $0.07 per common share, payable on November 30, 2020. Based on the Fund’s share price of $12.90 as of its close on November 9, 2020, the distribution represents an annualized yield of 6.51%. Information regarding the distribution rate is included for informational purposes only and is not necessarily indicative of future results, the achievement of which cannot be assured. The distribution rate should not be considered the yield or total return on an investment in the Fund.The following dates apply to this distribution:A portion of the distribution may be treated as paid from sources other than undistributed net investment income, including but not limited to short-term capital...

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ENTREC Completes Sale of Substantially All Assets

ST. ALBERT, Alberta, Nov. 09, 2020 (GLOBE NEWSWIRE) — ENTREC Corporation (“ENTREC” or the “Company”) announces that, in connection with its creditor protection proceedings under the Companies’ Creditors Arrangement Act (the “CCAA“) and previously announced sales and investor solicitation process (the “SISP“), ENTREC and its subsidiaries have now sold substantially all of their assets in both Canada and the United States and the only remaining operational activities to be completed will be the collection of accounts receivables that were excluded assets from the various sale transactions, the sale of remaining tangible assets and the wind-up of their estates. The net proceeds from the sale transactions, the collection of accounts receivable and the sale of remaining tangible assets will be used to pay...

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MariMed Reports Third Quarter 2020 Results

Core Cannabis Revenues Increase 220%Management to Host Conference Call on November 10, 2020 at 10:00 am ETNORWOOD, Mass., Nov. 09, 2020 (GLOBE NEWSWIRE) — MariMed Inc. (MRMD:OTCQX) (the “Company” or “MariMed”), a leading multi-state cannabis operator focused on health and wellness, today reported financial and operating results for the three and nine months ended September 30, 2020.Third Quarter 2020 and YTD Financial Highlights:Core cannabis revenues of $13.5 million in Q3 represent a 220% increase compared with $4.2 million in Q3 2019. For the nine months ended September 30, 2020, core cannabis revenues totaled $30.5 million, a 168% increase compared with $11.4 million for the first nine months of 2019;Gross profit from the core cannabis business increased 221% to $8.7 million for Q3 compared with $2.7 million for the same period...

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