Day: November 13, 2020

GVIC Reports Third Quarter Results

VANCOUVER, British Columbia, Nov. 13, 2020 (GLOBE NEWSWIRE) — GVIC Communications Corp. (“GVIC” or the “Company”) reported revenue and earnings for the period ended September 30, 2020.SUMMARY RESULTSSIGNIFICANT DEVELOPMENTS IN Q3 2020, OPERATING HIGHLIGHTS AND OUTLOOKImpact of COVID and Actions TakenThe Company’s consolidated revenues were off 26.8% for the quarter ending September 30, 2020 as compared to the same period in the prior year, as a result of the impact of the COVID pandemic, the resulting restrictions and cut-back in consumer and business activity.EBITDA for the Company including joint ventures and associates was $2.6 million for the quarter before wage subsidies. Wage subsidies from the Canadian Emergency Wage Subsidy (“CEWS”) were $7.7 million recorded for the quarter including joint ventures and associates. EBITDA...

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Glacier Reports Third Quarter Results

VANCOUVER, British Columbia, Nov. 13, 2020 (GLOBE NEWSWIRE) — Glacier Media Inc. (“Glacier” or the “Company”) reported revenue and earnings for the period ended September 30, 2020.SUMMARY RESULTS SIGNIFICANT DEVELOPMENTS IN Q3 2020, OPERATING HIGHLIGHTS AND OUTLOOKImpact of COVID and Actions TakenThe Company’s consolidated revenues were off 26.8% for the quarter ending September 30, 2020 as compared to the same period in the prior year, as a result of the impact of the COVID pandemic, the resulting restrictions and cut-back in consumer and business activity.EBITDA for the Company including joint ventures and associates was $2.4 million for the quarter before wage subsidies. Wage subsidies from the Canadian Emergency Wage Subsidy (“CEWS”) were $7.7 million recorded for the quarter including joint ventures and associates. EBITDA including...

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Pacific Health Care Organization, Inc. Reports Third Quarter 2020 Results

Newport Beach, CA, Nov. 13, 2020 (GLOBE NEWSWIRE) — Pacific Health Care Organization, Inc., (the “Company”) (OTCQB: PFHO) today filed with the Securities and Exchange Commission (the “Commission”) its quarterly report on Form 10-Q announcing its financial results for the periods ended September 30, 2020.ResultsThe Company reported net income of $136,997 or $0.01 per basic and fully diluted common share for the three months ended September 30, 2020, compared to net income of $351,749 or $0.03 per basic and fully diluted common share, for the three months ended September 30, 2019.  For the first nine months of 2020, the Company reported net income of $366,714 or $0.03  per basic and fully diluted common share, compared to net income of $915,016 or $0.07 per basic and fully diluted common share for the first nine months of 2019.Total...

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Sandfire Resources America Inc. Announces Rights Offering

VANCOUVER, British Columbia, Nov. 13, 2020 (GLOBE NEWSWIRE) — Sandfire Resources America Inc. (TSX.V: “SFR”; OTCQB: “SRAFF”) (“Sandfire” or the “Company“) announces that it will conduct a rights offering to raise gross proceeds of up to approximately C$30.0 million (the “Rights Offering“).The Company will issue rights (the “Rights“) to existing shareholders in Canada and to eligible shareholders in the United States and in certain other jurisdictions at the close of business on the record date of November 24, 2020 (the “Record Date“). The Company is pleased that shareholders in Montana and in certain other states in the U.S. will be entitled to participate in the Rights Offering.Eligible shareholders will receive ten (10) Rights for each common share...

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Helix Technologies Releases Q3 2020 Results: 868% Increase in Software Adjusted EBITDA, Strengthened Balance Sheet, Growing Software Revenues and Client Numbers, While Gross Margin Grows for Third Consecutive Quarter

DENVER, CO, Nov. 13, 2020 (GLOBE NEWSWIRE) — via NewMediaWire ‒ Helix Technologies, Inc. (OTCQB:HLIX) (the “Company”) today reported its results for the third quarter of 2020, continuing with strong growth in its core software business and maintaining positive adjusted EBITDA despite increased one-time merger related expenses. Helix again delivered strong revenue numbers with increasing year-over-year growth in adjusted EBITDA for the software line. The company will not be hosting a conference call due to the pending merger transaction.  Interested investors can sign up for Helix Technologies Investor Updates here. “We continue to deliver profitable operations and expand our combined software footprint, which is the largest in the industry, period.  Our third consecutive quarter of positive Adjusted EBITDA, and improvement in nearly...

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Alcanna Reports 14.7% Growth in Same Store Liquor Sales and Strong Growth in Profitability in the Third Quarter 2020

EDMONTON, Alberta, Nov. 13, 2020 (GLOBE NEWSWIRE) — Alcanna Inc. (the “Company” or “Alcanna”) (TSX: CLIQ) today reported its unaudited financial results for the three and nine months ended September 30, 2020.Third Quarter Financial Results and Business UpdateAlcanna’s business in Q3 2020 continued with the strong performance reported for the first half of 2020 with significant increases on all fronts from the prior year.Highlights for the three months ended September 30, 2020:Total sales from continuing operations were 10.9% higher, rising to $211.5 million from $190.7 million in 2019.Same-store liquor sales for Q3 2020 were up 14.7% while enhancing gross margins in the liquor operating segment to 23.1%, compared to 22.1% in the prior year.Total gross margin dollars rose 17.2% to $50.5 million from $43.1 million in the prior year.Operating...

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MeiraGTx Announces Investigational Gene Therapy Continues to Demonstrate Statistically Significant Improvement in Vision in Patients with X-Linked Retinitis Pigmentosa One Year After Treatment

LONDON and NEW YORK, Nov. 13, 2020 (GLOBE NEWSWIRE) — MeiraGTx Holdings plc (Nasdaq: MGTX), a vertically integrated, clinical stage gene therapy company, today announced 12-month data from the ongoing Phase 1/2 clinical trial (NCT03252847) of AAV-RPGR, an investigational gene therapy in development for the treatment of X-linked retinitis pigmentosa (XLRP). Statistically significant vision improvement in the dose escalation phase of the trial was sustained one year after treatment. These data were presented today as a late-breaker oral presentation at the American Academy of Ophthalmology (AAO) 2020 Virtual Annual Meeting.MeiraGTx and Janssen Pharmaceuticals, Inc. (Janssen), one of the Janssen Pharmaceutical Companies of Johnson & Johnson, are jointly developing AAV-RPGR as part of a broader collaboration to develop and commercialize...

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IBC Advanced Alloys Announces Issuance of Share-Based Compensation to Directors and Officers

FRANKLIN, Ind., Nov. 13, 2020 (GLOBE NEWSWIRE) — IBC Advanced Alloys Corp. (“IBC” or the “Company”) (TSX-V: IB; OTCQB: IAALF) announced that, further to a press release dated October 30, 2020, the Company has issued 825,979 common shares in the capital of the Company to its directors and certain employees and consultants in consideration for their services to the Company for the period from January 2019 through June 2020. The shares will be subject to a four month and one day hold period from the date of issuance.The issuance of common shares was approved by the TSX Venture Exchange (the “TSX-V”) on November 12, 2020.The Company may issue additional common shares in the future to settle compensation under certain compensation, consulting and employment arrangements in accordance with TSX-V policies.On Behalf of the Board of Directors:“Mark...

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Aya Gold & Silver Reports Third Quarter 2020 Financial Results

Montreal, Nov. 13, 2020 (GLOBE NEWSWIRE) — Montreal, Quebec, November 13, 2020 – Aya Gold & Silver Inc. (TSX: AYA) (“Aya” or the “Corporation”) is pleased to announce its interim financial results for the third quarter ended September 30, 2020. All amounts are in US dollars unless otherwise stated. Quarterly HighlightsProduction of 113,655 oz of silver  Sales of 81,423 oz of silver26,034 tons of ore processed at an average grade of 217 g/t AgAverage realized silver price of $25.04/oz vs $24.39/oz average silver spot price in the quarterSuccessful closing of a private placement offering of C$26,225,000Launch of a feasibility study for the expansion of the Zgounder Silver MineCommencement of 15,000-meter exploration program at ZgounderOngoing maintenance program at flotation and cyanidation plants “As expected, this was a...

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INV Metals Reports Q3 2020 Results

TORONTO, Nov. 13, 2020 (GLOBE NEWSWIRE) — INV Metals (“INV Metals” or “Company”) (TSX: INV) reports its financial results for the three and nine-month periods ended September 30, 2020. The Company recorded a total loss of $1,036,097 or $0.01 per share for the three-month period ended September 30, 2020, compared to $549,560 or $0.01 per share for the corresponding period in 2019, an increase of $486,537 or 89% from the prior year. For the nine-month period ended September 30, 2020, the Company recorded a total loss of $5,158,484 or $0.04 per share, compared to $1,890,682 or $0.02 per share for the corresponding period in 2019, an increase of $3,267,802 or 173% from the prior year. The Company’s unaudited cash balance as at November 13, 2020 was approximately $3.9 million.For additional financial information...

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