Month: April 2021

DENVER and TORONTO, April 29, 2021 (GLOBE NEWSWIRE) — MJardin Group, Inc. (“MJardin” or the “Company”) (CSE: MJAR) (OTCQX: MJARF), a leader in premium cannabis production, today announced that it has reached an agreement with Harvest Health & Recreation Inc. (“Harvest”) (CSE: HARV, OTCQX:HRVSF) for final settlement and reduction of the previously disclosed final payment relating to the December 2019 sale of MJardin’s Cheyenne facility to Harvest (the “Transaction”) for the amount of US$4.25 million. In accordance with the requirements of the Company’s existing credit facility, the Company shall cause certain of its subsidiaries to use the Canadian dollar equivalent of this final US$4.25 million payment to repay a portion of the accrued interest owing from such subsidiaries to the Company’s senior lender. In connection with...

TORONTO, April 29, 2021 (GLOBE NEWSWIRE) — Noranda Income Fund (TSX: NIF.UN) (the “Fund”) today reported its financial results for the first quarter ended March 31, 2021. The Fund also provided an update on the terms under which zinc concentrate will be purchased and zinc metal will be sold for the period of May 1, 2021, to April 30, 2022. Except where otherwise indicated, all amounts in this press release are expressed in US dollars. First Quarter 2021 Highlights (compared to same period in 2020)Earnings before income taxes of $11.0 million compared to $11.5 million Adjusted EBITDA1 of $9.5 million compared to $17.2 million Zinc metal production of 66,345 tonnes compared to 67,425 tonnes Zinc metal sales of 66,277 tonnes compared to 68,059 tonnes Sulphuric acid sales of 93,574 tonnes compared to 97,880 tonnes“Lower treatment...

MCCALL, Idaho, April 29, 2021 (GLOBE NEWSWIRE) — Today Idaho First Bank (the ‘Bank’) (OTC: IDFB) announced unaudited financial results for the first quarter of 2021, and the planned retirement of CEO Greg Lovell. Lovell founded the bank in 2005, and his retirement is part of a detailed executive succession plan. Outgoing CEO Lovell stated, “The strong Q1 financial performance was driven by earnings generated through our participation in the Paycheck Protection Program (PPP) under the CARES Act, and strong growth in earning assets.” He further indicated, “The year-over-year growth of our balance sheet reflects the financial strength of our markets, our expansion into 3 new markets over the last 18 months, and the great work our talented team does by putting People First.” Chairman Mark Miller commented, “We have experienced strong...

RIO DE JANEIRO, Brazil, April 29, 2021 (GLOBE NEWSWIRE) — Vinci Partners Investments Ltd. (“Vinci Partners, “the Company,” “we,” “us,” or “our”), the controlling company of a leading alternative investment platform in Brazil, announced today the first acquisition for Vinci Fulwood FII, or VFDL, Vinci Partners’ Real Estate new industrial development strategy. VFDL has closed the acquisition of a 30% stake in a development project for the new industrial site “Extrema Business Park – Block III”, located in the city of Extrema, Minas Gerais. With this acquisition, the fund has deployed approximately 20% of its first capital raising in March 2021, which totaled R$ 381 million in capital commitments. The strategy aims to raise up to R$800 million through additional offerings. Leandro...

CALGARY, Alberta, April 29, 2021 (GLOBE NEWSWIRE) — Tornado Global Hydrovacs Ltd. (“Tornado” or the “Company”) (TGH: TSX-V) today reported its audited consolidated financial results for the fiscal year ended December 31, 2020. The audited consolidated financial statements and MD&A have been filed on SEDAR and can be reviewed at www.sedar.com and on the Company’s web site www.tornadotrucks.com. Financial and Operating Highlights (in CAD $000’s except per share data)  Three months ended December 31   Year ended December 31    2020     2019       2020     2019             Revenue (1) $ 5,186   $ 11,854     $ 30,832   $ 49,598  Cost of sales (1)   4,505     9,712       25,557     40,293  Gross Profit   681     2,142       5,275     9,305             Selling and general administrative expenses   1,269     1,600       4,151     6,075  Depreciation...

VANCOUVER, British Columbia, April 29, 2021 (GLOBE NEWSWIRE) — SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC Energy” or the “Company”) announces it has filed its financial results for the fourth quarter and fiscal year ended December 31, 2020. For complete financial information for the fourth quarter and fiscal year ended December 31, 2020, please see the Audited Consolidated Financial Statements and Management Discussion and Analysis filed on SEDAR at www.sedar.com. All figures are in Canadian Dollars unless otherwise stated and in accordance with IFRS. Fourth Quarter and Fiscal Year Highlights:Revenue for the three months ended December 31, 2020 (“Q4 2020”) and year ended December 31, 2020 (“Fiscal 2020”) was $0.04M and $0.63M, respectively, representing an increase of $0.02M and $0.49M from...

LODI, Calif., April 29, 2021 (GLOBE NEWSWIRE) — Farmers & Merchants Bancorp (OTCQX: FMCB) today announced record net income of $16.7 million for first quarter 2021. For the quarter ending March 31, 2021, Farmers & Merchants Bancorp reported net income of $16.7 million, an increase of 18.4% from net income of $14.1 million in the first quarter of 2020. Earnings per share of common stock were $21.17, up 18.9% from $17.80 per share in the first quarter of 2020. Additionally, the Company’s net income over the trailing twelve months was $61.3 million ($77.40 per share as reported), as compared to $56.6 million for the same period in the prior year. Return on average assets for the first quarter of 2021 was 1.45%, and return on average equity was 15.56%. Net interest income for the quarter ended March 31, 2021 was $40.1 million,...

VANCOUVER, British Columbia, April 29, 2021 (GLOBE NEWSWIRE) — American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (Frankfurt: 5LA1) (“American Lithium” or the “Company”), a leader in the acquisition, exploration and development of lithium projects, announces that it has completed a non-brokered private placement of 7,518,750 units (each, a “Unit”) at a price of $2.00 per Unit for gross proceeds of $15,037,500.  Each Unit consists of one common share and one-half of one common share purchase warrant (each whole warrant a “Warrant”). Each Warrant will entitle the holder to purchase one additional common share in the capital of the Company (a “Warrant Share”) at a price of $3.00 per Warrant Share until April 29, 2024. Proceeds of the placement will be used to continue development of the Company’s wholly owned TLC project in Nevada and...

Chief Jim BoucherChief Jim Boucher, Chairman, President, and Co-Founder of Saa Dene Group of CompaniesSaa Dene Group of CompaniesSaa Dene is a collective group of companies with one clear vision: to increase Diversity and Inclusion through economic and social participation in the global economy.CALGARY, Alberta, April 29, 2021 (GLOBE NEWSWIRE) — Acceleware® Ltd. (“Acceleware” or the “Company”) (TSXV: AXE), a leading developer of technologies targeting low-cost and clean extraction of heavy oil and bitumen, is very pleased to announce that Jim Boucher will stand for election to the Company’s board of directors (“the Board”) at the annual general meeting (“AGM”) to be held on May 26, 2021. Acceleware and the entire Board extend their sincere thanks to outgoing director Jens Horstmann,...

TORONTO, April 29, 2021 (GLOBE NEWSWIRE) — Topicus.com Inc. (the “Company”) (TSXV: TOI) announced today that the threshold for the mandatory conversion of all preferred shares of the Company, and all preference units of its subsidiary Topicus.com Coöperatief U.A. (the “Coop”), has now been reached. As contractually agreed by Constellation Software Inc. (TSX: CSU) and the other investors in the Coop, once the subordinate voting shares of the Company reach a pre-determined average trading price, determined on the basis of the 60-day volume weighted average trading price of such shares for any 60-day trading period (the “Target Share Price”), all outstanding preferred shares of the Company and preference units of the Coop must be, at the option of the respective holder, either converted into subordinate voting shares of...