Month: March 2021

Top women in tech highlight leadership and inclusion during Millicom’s virtual Women’s History Month webinar, Empowering Women

Top women in tech highlight leadership and inclusion during Millicom’s virtual Women’s History Month webinar, Empowering Women Luxembourg, March 31st , 2021 – Renowned leaders in telecommunications took the virtual stage last Friday, March 26, in Millicom’s Women’s History Month webinar, Empowering Women. Moderated by international journalist Carolina Amoroso, the webinar spotlighted Susy Bobenrieth, Millicom EVP Chief Human Resources Officer, alongside Doreen Bogdan-Martin, Director of the Telecommunication Development Bureau for the International Telecommunication Union (ITU). The event highlighted key concepts on leadership, equality, and invaluable advice for young professionals navigating the tech industry in a digitally powered era. “Be confident, and don’t be afraid to ask questions that may not even be in your realm or function....

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Vislink Reports Full Year 2020 Financial Results

With Completed Financial Turnaround, Improved Capital Base and Strong Fourth Quarter Revenues, Vislink is Positioned to Pursue Strategic Business Opportunities HACKETTSTOWN, NJ, March 31, 2021 (GLOBE NEWSWIRE) — Vislink (“the “Company”) (Nasdaq: VISL), a global technology leader in the collection, delivery and management of high quality, live video and associated data, announced its results for the year ended December 31, 2020. Company management will host a live webcast on Thursday, April 1, 2021 at approximately 10:00 a.m. ET to review the Company’s financial and operating results and provide a general business update (see webcast details below). 2020 Business Update: Received a $1.3 million contract from a European partner to supply equipment and services for border protection. Received orders valued at over $400,000 for satellite...

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Heritage Southeast Bancorporation, Inc. Enters into Agreement to be Acquired by VyStar Credit Union

ATLANTA, March 31, 2021 (GLOBE NEWSWIRE) — Heritage Southeast Bancorporation, Inc. (“HSBI”) announced today that HSBI and Heritage Southeast Bank have signed a definitive purchase and assumption agreement whereby VyStar Credit Union (“VyStar”) will acquire the assets and assume the liabilities of Heritage Southeast Bank in an all-cash transaction. Following the completion of this transaction, HSBI and Heritage Southeast Bank will wind down their operations and their remaining assets, after all obligations are settled, will be distributed to HSBI stockholders. Under the terms of the purchase and assumption agreement, VyStar will pay HSBI an aggregate amount estimated to provide HSBI with sufficient cash to have $27.00 per share in cash available for distribution to its shareholders after satisfaction of all of HSBI’s unconsolidated...

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IntelGenx Ships First CBD Filmstrip Order to Heritage Cannabis

SAINT LAURENT, Quebec, March 31, 2021 (GLOBE NEWSWIRE) — IntelGenx Corp. (TSX-V:IGX)(OTCQB:IGXT) (“Company” or “IntelGenx”) today announced that, further to its press releases of January 7 and March 25, 2021, it has completed its first shipment, consisting of 75,000 CBD Filmstrips, to Heritage Cannabis Holdings Corp. (“Heritage Cannabis”) (CSE:CANN). The CBD Filmstrips were produced at IntelGenx’s manufacturing facility under Canadian GPP conditions and registered as a product for sale with Health Canada as a cannabis product governed by the Cannabis Act and with the Australian Department of Health’s Therapeutic Goods Administration as a medicinal cannabis product governed by the Narcotic Drugs Act. Dr. Horst G. Zerbe, CEO of IntelGenx, commented, “This first-ever shipment from our Montreal facility of commercial...

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Consolidated Water Reports 2020 Revenue up 6% to $72.6 Million

GEORGE TOWN, Cayman Islands, March 31, 2021 (GLOBE NEWSWIRE) — Consolidated Water Co. Ltd. (Nasdaq Global Select Market: CWCO), a leading developer and operator of advanced water supply and treatment plants, reported results for the year ended December 31, 2020. All annual comparisons are to the previous year unless otherwise noted. 2020 Highlights Revenue increased 6% to a record $72.6 million. Services segment revenue increased to $12.9 million, with $12.5 million of the revenue due to acquiring a 51% controlling interest in PERC Water in October 2019. Services segment gross profit was $3.2 million versus $0.5 million in 2019. Net income from continuing operations attributable to stockholders was $8.6 million or $0.56 per diluted share. Cash and cash equivalents totaled $43.8 million as of December 31, 2020. Paid $5.1 million...

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Latham Group, Inc. Appoints Suzan Morno-Wade to its Board of Directors

LATHAM, N.Y., March 31, 2021 (GLOBE NEWSWIRE) — Latham Group, Inc. (“Latham” or “the Company”), the largest designer, manufacturer and marketer of in-ground residential swimming pools in North America, Australia and New Zealand, today announced that it has appointed Suzan Morno-Wade to its Board of Directors, effective March 31, 2021. Ms. Morno-Wade serves as Executive Vice President and Chief Human Resources Officer of Xerox, where she leads the company’s global human capital strategy. She joined Xerox in 2016 as Vice President of Total Rewards to lead the compensation and benefits strategy. Her earlier experience spans several industries including leadership roles at global companies such as Hess, Quantum, Mitsubishi, General Electric and Quaker Oats. “Latham has been on a transformational journey over the last few...

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Comstock Holding Companies Reports 2020 Results

WASHINGTON and RESTON, Va., March 31, 2021 (GLOBE NEWSWIRE) — On March 31, 2021, Comstock Holding Companies, Inc., (NASDAQ: CHCI) (the “Company”), announced financial results for the year ended December 31, 2020: Highlights of 2020 year-end financial results: Net income increased by 133% to $2.1 million in 2020, as compared to $0.9 million in 2019. Total revenue increased by 13% to $28.7 million in 2020, as compared to $25.3 million in 2019. Revenue from asset management operations increased by 12% to $21.9 million in 2020, as compared to $19.6 million in 2019. Revenue from real estate services increased by 19% to $6.8 million in 2020, compared to $5.7 million in 2019. Operating income increased by 13% to $2.6 million in 2020, as compared to $2.3 million in 2019. As of December 31, 2020, cash and cash equivalents increased 100%...

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Green Growth Brands Announces Closing of Asset Sale

COLUMBUS, Ohio, March 31, 2021 (GLOBE NEWSWIRE) — Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) and certain of its direct and indirect wholly owned subsidiaries (collectively, the “Company“) today announced that, in connection with its creditor protection proceedings under the Companies’ Creditors Arrangement Act and previously announced sale and investment solicitation process, the Company completed the sale transaction (the “Transaction”) contemplated by the second amended and restated acquisition agreement (the “Acquisition Agreement”) dated as of December 17, 2020 among the Company, All Js Greenspace LLC and Capital Transfer Agency in its capacity as the debentureholder trustee of the Company’s (A) US$45,500,000 aggregate principal amount of 15.00% secured convertible debentures that matured May 17, 2020...

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Delta 9 Reports Year End and Q4 2020 Results

WINNIPEG, Manitoba, March 31, 2021 (GLOBE NEWSWIRE) — DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: DLTNF) (“Delta 9” or the “Company”), is pleased to announce financial and operating results for the fourth quarter and full year ending December 31, 2020.   Financial Highlights for the Year 2020 Record net revenues of $52 million in 2020, up 64% in 2020 compared to $31.8 million in 2019, including the following revenue segmentation highlights: Retail revenue increased 109% to $32.2 million in 2020 Wholesale revenue increased 24% to $11.8 million in 2020 Business to business revenue increased 38% to $8.6 million in 2020 Gross profit1 of $17.8 million in 2020 was up 105% compared to $8.7 million last year. Gross profit margin of 34% in 2020 compared to 27% last year. Adjusted EBITDA2 of $3.8 million in 2020 compared to an Adjusted EBITDA2...

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Cenovus completes amalgamation with Husky Energy Inc.

CALGARY, Alberta, March 31, 2021 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today that effective March 31, 2021, its wholly owned subsidiary Husky Energy Inc. (“Husky”) has been amalgamated with Cenovus under the provisions of the Canada Business Corporations Act (the “amalgamation”). The company will continue to operate as Cenovus Energy Inc. As a result of the amalgamation, Husky will no longer be required to file reports with the securities regulatory authorities in Canada or the United States. Cenovus is now the obligor under Husky’s existing US$500 million 3.95% notes due 2022, US$750 million 4.00% notes due 2024, C$750 million 3.55% notes due 2025, C$750 million 3.60% notes due 2027, C$1,250 million 3.50% notes due 2028, US$750 million 4.40% notes due 2029, US$387 million 6.80% notes due 2037,...

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