Year: 2020

VANCOUVER, British Columbia, Nov. 11, 2020 (GLOBE NEWSWIRE) — Great Quest Fertilizer Ltd. (TSXV:GQ) (“the Company”) reports that it has terminated its efforts to close the acquisition of Ivoirienne de Noix de Cajou SARL.   As consideration for the termination, the Company will repurchase 5,443,300 of its common shares for a nominal $1 and receive a full and final release from the outstanding remaining convertible debt and any and all other amounts owing to the transaction counterparties.The Company’s board of directors undertook reasonable investigations and reviewed the alternatives in considering and applying their judgment to approve this transaction. As part of these deliberations, the directors determined that proceeding is fair and reasonable and in the best interests of the Company.The Company will focus its efforts on its...

JASPER, Ind., Nov. 11, 2020 (GLOBE NEWSWIRE) — Kimball Electronics, Inc. (Nasdaq: KE), (the “Company”), announced that the Board of Directors (the “Board”) of Kimball Electronics, Inc., at its November 10, 2020 regular Board meeting, authorized an extension of the current stock repurchase plan (the “Plan”) to allow the purchase of up to an additional $20 million of the Company’s common stock. The Plan was originally authorized in October 2015, and then separately extended in September 2016, August 2017, and November 2018, allowing a repurchase of up to an additional $20 million of common stock of the Company with each extension. This current extension brings the total amount of authorized share repurchases under the Plan to $100 million, with no expiration. The Plan may be suspended or discontinued at any time.Purchases may be made...

EDMONTON, Alberta, Nov. 11, 2020 (GLOBE NEWSWIRE) — Aurora Cannabis Inc. (the “Company” or “Aurora”) (NYSE | TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, announced today the pricing of its previously announced overnight marketed public offering (the “Offering”) of units of the Company (the “Units”) at a price of US$7.50 per Unit. The underwriters for the Offering have agreed to purchase 20,000,000 Units from the Company for total gross proceeds to the Company of US$150,000,000.Each Unit will be comprised of one common share of the Company (a “Common Share”) and one half of one common share purchase warrant of the Company (each full common share purchase warrant, a “Warrant”). Each Warrant will be exercisable to acquire one common share of the Company (a “Warrant Share”) for a period of 40 months...

MIAMI, Nov. 11, 2020 (GLOBE NEWSWIRE) — OPKO Health, Inc. (NASDAQ: OPK) today announced that management will be participating in three upcoming virtual investor conferences.H.C. Wainwright 6thAnnual Israel Virtual Conference, November 12, 2020. Management will participate in a fireside chat on Thursday, November 12th at 9:00 a.m. ET and will be available for one-on-one meetings.Jefferies 2020 Virtual London Healthcare Conference, November 17-19, 2020. Management will deliver a company presentation on Wednesday, November 18th at 10:15 a.m. ET and will be available for one-on-one meetings. A live and archived webcast of the presentation will be available in the Investors section of OPKO’s website here.Piper Sandler 32ndAnnual Virtual Healthcare Conference, December 1-3, 2020. Management will participate in a fireside chat and will...

ATHENS, Greece, Nov. 11, 2020 (GLOBE NEWSWIRE) — Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of tankers, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase the M/T Kalamas, a 105,400 dwt Aframax tanker vessel built in 2011 by Sumitomo Heavy Industries Marine & Engineering Co. Ltd, Japan, from an unaffiliated third party seller for a total purchase price of US$22.0 million. The vessel, the Company’s fifth Aframax tanker, is expected to be delivered between November 15 and December 22, 2020, and will be renamed M/T P. Yanbu.Upon delivery of the M/T Kalamas, the cargo-carrying capacity of the Company’s fleet will have increased by 23.9% to approximately 546,094 deadweight tons (dwt). The M/T Kalamas...

SOMERSET, N.J, Nov. 11, 2020 (GLOBE NEWSWIRE) — MTBC, Inc. (the “Company” or “MTBC”) (Nasdaq: MTBC) (Nasdaq: MTBCP), a leading provider of proprietary, cloud-based healthcare IT solutions and services, today announced that its Board of Directors has declared monthly cash dividends for its 11% Series A Cumulative Redeemable Perpetual Preferred Stock (“Series A Preferred Stock”) for December, 2020 and January and February 2021. This represents 64 consecutive months of dividends declared since the Series A Preferred Stock was initially sold in November 2015.The following table shows the monthly dividends and associated record and payment dates:Holders of shares of the Series A Preferred Stock are entitled to receive cumulative cash dividends at the rate of 11% per annum of the $25.00 per share liquidation preference (equivalent...

Third Quarter 2020 Net Income of $864,000 ($0.25 per diluted share) v. Net Income of $25,000 ($0.01 per diluted share) in Prior Year PeriodThird Quarter 2020 EBITDA, As Adjusted was $923,000 ($0.26 per diluted share) v. $58,000 ($0.02 per diluted share) in Prior Year PeriodNine Months 2020 Net Income of $488,000 ($0.14 per diluted share) v. Net Income of $679,000 ($0.19 per diluted share) in Prior Year PeriodNine months 2020 EBITDA, As Adjusted was $685,000 ($0.19 per diluted share) v. $809,000 ($0.23 per diluted share) in Prior Year PeriodHAUPPAUGE, N.Y., Nov. 11, 2020 (GLOBE NEWSWIRE) — Orbit International Corp. (OTC PINK:ORBT) today announced results for the third quarter and nine months ended September 30, 2020.Third Quarter 2020 vs. Third Quarter 2019Net sales were $7,887,000, as compared to $6,100,000.Gross margin was 31.3%,...