Month: December 2020

VANCOUVER, British Columbia, Dec. 01, 2020 (GLOBE NEWSWIRE) — Tanzanian Gold Corporation (TSX: TNX)(NYSE MKT:TRX) (the “Company”) is pleased to announce and welcome Mr. Stephen Mullowney, CPA, CA, CFA as Chief Executive Officer (CEO) of Tanzanian Gold Corporation, and he has simultaneously accepted an appointment to the Board of Directors of the Company, pending the approval of the expansion of the Board of Directors at the 2021 Annual General Meeting.Mr. Mullowney is a former Partner and Managing Director of PricewaterhouseCoopers LLP (PwC) and PWC Canada’s mining deal leader. Stephen has an extensive mining background, working with miners, Governments, and institutional investors across the world and supporting them in making key strategic business, financing, and policy decisions. The breadth of Stephen’s background, skills,...

Reports 8% growth in net revenue quarter-over-quarter for the three months ended September 30, 2020Kilograms sold in adult-use channel increased 24% over prior quarterWeighted average cost per gram of $2.11 improved in Q3 2020 compared to $2.52 in Q2 2020, due to continued efforts to optimize operations within expanded capacitySecond year of outdoor harvest completed with analysis and processing currently underwayManagement to host conference call on Tuesday, December 1stat 10:00 a.m. Eastern TimeTORONTO, Nov. 30, 2020 (GLOBE NEWSWIRE) — WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) (FSE:4WE) (“WeedMD” or the “Company”), a federally-licensed producer and distributor of medical-grade cannabis, announced today its financial results for the three and nine months ended September 30, 2020.“Our revenue growth quarter-over-quarter demonstrates...

Highlights:EarthRenew has renewed its lease of 2.92 acres of the Cattleland Feedyards site located in Wheatland County, Alberta, East of Calgary, for a 9-year term, with eight 5-year extension optionsThe feedstock agreement included in the lease agreement secures a minimum of 40,000 tonnes of wet manure feedstock annually, which we estimate can be used to generate up to 18,000 tonnes of EarthRenew organic fertilizerCattleland Feedyards expects savings of up to $500,000 annually by taking advantage of the unique on-site waste management solution provided by EarthRenewTORONTO, Dec. 01, 2020 (GLOBE NEWSWIRE) —  EarthRenew Inc. (CSE:ERTH) (“EarthRenew” or the “Company”) is pleased to announce that on November 25, 2020 it entered into a new 9-year lease agreement effective October 1, 2020 and expiring September 30, 2029, including eight...

Net income for the three-month period ending September 30th, 2020 increased to $8,890,748 and earnings per share increased to $0.12Net income for the nine-month period ending September 30th, 2020 increased to $13,617,124 and earnings per share increased to $0.18VST ended the quarter with a healthy balance sheet and closed an oversubscribed Brokered Private Placement of Special Warrants subsequent to the quarter for aggregate gross proceeds of approximately $6.1 millionVANCOUVER, British Columbia, Nov. 30, 2020 (GLOBE NEWSWIRE) — Victory Square Technologies Inc. (“Victory Square” or the “Company”) (CSE:VST) (OTC:VSQTF) (FWB:6F6) announces it has filed its condensed audited interim consolidated financial statements and Interim Management Discussion and Analysis (MD&A) for the three months ending September 30, 2020.Shafin...

CALGARY, Alberta, Nov. 30, 2020 (GLOBE NEWSWIRE) — Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.WT, SUGR.WS, SUGR.DB) (“Sugarbud“) is pleased to announce the filing of its Q3 2020 unaudited condensed consolidated interim financial statements (“Financial Statements”) for the three and nine months ended September 30, 2020 and related management’s discussion and analysis (“MD&A”). Sugarbud’s Financial Statements and related MD&A are available on SEDAR at www.sedar.com and on Sugarbud’s website at www.sugarbud.ca. “In Q3 2020, Sugarbud achieved numerous key milestones in our commercial scale-up and growth plans,” stated Sugarbud CEO John Kondrosky. “In addition to receiving our amended sales license for dried cannabis – which we view as a critical enabling catalyst for growth – the Company also...

TORONTO, Nov. 30, 2020 (GLOBE NEWSWIRE) — Cardinal Resources Limited (ASX / TSX: CDV) (“Cardinal” or “the Company”) is pleased to announce the results of the Company’s Annual General Meeting held today in Australia (the “Meeting”). At the Meeting, proxies representing 203,582,834 shares were received, representing approximately 38% of the shares eligible for voting at the Meeting as of the record date. All matters presented for approval at the Meeting by management of the Company were duly authorized and approved. The resolutions approved included the advisory resolution approving the Remuneration Report, re-election of management nominees to the board of directors of the Company (“Board”) that were due for election and the ratification of the Company’s prior issue of shares.Detailed voting results regarding the election of...

SAN DIEGO, Nov. 30, 2020 (GLOBE NEWSWIRE) — Progenity, Inc. (NASDAQ: PROG) today announced its intention to offer, subject to market and other conditions, $75 million aggregate principal amount of convertible senior notes due 2025 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Progenity also expects to grant the initial purchaser of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date notes are first issued, up to an additional $15 million principal amount of notes.The notes will be senior, unsecured obligations of Progenity, will accrue interest payable semi-annually in arrears and will mature on December 1, 2025, unless earlier repurchased, redeemed or converted....

SAN DIEGO, Nov. 30, 2020 (GLOBE NEWSWIRE) — Progenity, Inc. (“Progenity”) (NASDAQ: PROG), a biotechnology company with an established track record of success in developing and commercializing molecular testing products, today announced that it has commenced an underwritten public offering of $25 million of shares of its common stock. In addition, Progenity is expected to grant the underwriters of the offering an option for a period of 30 days to purchase up to an additional $3.75 million of shares of common stock at the public offering price, less the underwriting discounts and commissions. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed.In a separate press release, Progenity also announced today its intention to offer, in a separate, private...

VANCOUVER, British Columbia, Nov. 30, 2020 (GLOBE NEWSWIRE) — Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX/NYSE American: SVM) announced today it has filed a final short form base shelf prospectus (with the securities regulators in each province of Canada, except for the Province of Quebec, and a corresponding shelf registration statement on Form F-10 with the U.S. Securities and Exchange Commission. The prospectus and registration statement allows the Company to offer up to US$200 million of common shares, preferred shares, debt securities, warrants, subscription receipts or any combination thereof (“Securities”) during the 25 month period that the shelf prospectus is effective. The specific terms of any offering of Securities, including the use of proceeds from any offering, will be set forth in a shelf prospectus...

TORONTO, Nov. 30, 2020 (GLOBE NEWSWIRE) — Jade Power Trust (“Jade Power” or the “Trust”) (TSXV:JPWR.UN) is pleased to report its third quarter 2020 financial results. All amounts are expressed in Canadian Dollars unless otherwise noted.Highlights1Record energy generation of 123,169 MW hours (“MWh”) for the nine months ended September 30, 2020; an increase of 7,899 MWh or 7% from the nine months ended September 30, 2019.Energy generation of 34,713 MWh for the third quarter of 2020; an increase of 4,141 MWh or 14% from the third quarter of 2019.Revenue of $4.8 million for the third quarter of 2020 compared to $4.0 million for the third quarter of 2019, an increase of 21%.    Revenue of $15.5 million for the nine months ended September 30, 2020 compared to $13.0 million for the same period in 2019, an increase of 19%.Adjusted EBITDA2...