Month: May 2021

BEVERLY, Mass., May 11, 2021 (GLOBE NEWSWIRE) — LexaGene Holdings, Inc., (TSX-V: LXG; OTCQB: LXXGF) (the “Company”), a molecular diagnostics company that develops fully automated rapid pathogen detection systems, is pleased to announce the hiring of four additional sales representatives, including three for the veterinary market and one for the contract drug manufacturing market. Dr. Jack Regan, LexaGene’s CEO and Founder states, “We are excited to have recruited very talented and experienced sales representatives from some of the biggest names in veterinary healthcare. Our new sales representatives have universally expressed optimism about selling LexaGene’s technology into veterinary hospitals, and the same is true for our sales representative targeting contract drug manufacturing organizations. Our rapidly growing sales team...

Reduces borrowing costs with one of the industry’s leading annual interest rates of 9.75% Credit agreement is non-dilutive Improves liquidity and operational flexibility Supports the Company’s continued strategic growth plansCHICAGO, May 11, 2021 (GLOBE NEWSWIRE) — Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced it has entered into an Amended and Restated Credit Agreement (the “Restated Credit Agreement”) for a senior secured term loan of US$130 million. The Restated Credit Agreement has a maturity date of May 30, 2023, and provides for additional, non-dilutive funding of US$100 million, with an annual interest rate of 9.75% for the incremental amount. Chicago Atlantic Advisers, LLC (“Chicago Atlantic”) will act as the administrative agent...

TORONTO, May 11, 2021 (GLOBE NEWSWIRE) — MediPharm Labs Corp. (TSX: LABS) (OTCQX: MEDIF) (FSE:MLZ) (“MediPharm Labs” or the “Company”) a global leader in specialized, research-driven pharmaceutical-quality cannabis extraction, distillation and derivative products, is pleased to announce it will release first quarter financial results for the three month period ended March 31, 2021 before markets open on Monday, May 17, 2021. MediPharm Labs executive management team will also host a conference call and audio webcast on Monday, May 17, 2021, at 8:30 a.m. eastern time to discuss the Company’s financial results and outlook. Audio Conference Call Dial In Details: Toll-free number: +1-833-502-0471 / International number: +1-236-714-2179 / Conference ID: 5847315 Participants are asked to dial in approximately 15 minutes before the start...

SAN DIEGO, May 11, 2021 (GLOBE NEWSWIRE) — Progenity, Inc. (Nasdaq: PROG), a biotechnology company with an established track record of success developing and commercializing molecular testing products, announced today that it has received funding from the Crohn’s & Colitis Foundation’s IBD Ventures program to further develop Progenity’s first-in-class oral Drug Delivery System (DDS) for delivery of targeted therapeutics for inflammatory bowel disease (IBD). The DDS capsule is an orally ingestible and self-guided drug delivery device under development, which is designed to deliver doses of therapeutic compounds formulated in proprietary solutions to a defined location within the gastrointestinal (GI) tract. Current drug treatments for IBD suffer from less than optimal efficacies at safe doses, leading to a loss of response...

Minim launches high-speed device on Amazon.com at extremely competitive price — starting at just $99.99 with a two-year warranty and free U.S.-based support MANCHESTER, NH, May 11, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Zoom Telephonics, Inc., doing business as Minim (OTCQB: MINM), the creator of innovative internet access products under the globally-recognized Motorola brand, today launches the Motorola MM1025, the company’s highest-speed multimedia-over-coax-alliance (MoCA) adapter yet. Available for purchase now on MotoManage.com (1-pack, 2-pack) and next week on Amazon.com (1-pack, 2-pack), the Motorola MM1025 delivers up to 2.5 Gbps of high-speed connectivity anywhere in a cable-wired home at the extremely competitive price of $99.99 for a one-pack (MM1025) or $184.99 for a two-pack (MM2025). The price includes an...

VANCOUVER, British Columbia, May 11, 2021 (GLOBE NEWSWIRE) — WPD Pharmaceuticals Inc. (CSE: WBIO)(FSE: 8SV1) (the “Company” or “WPD”) a clinical-stage pharmaceutical company, is pleased to announce that it has been conditionally awarded a grant of $6,730,036 (20,394,049.68 PLN) from the Polish National Center for Research and Development (“NCRD”), for the development of Annamycin, the Company’s drug candidate used in the treatment of Acute Myeloid Leukemia (“AML”). Annamycin is a “next generation” anthracycline, that has been shown to be less cardiotoxic compared to other anthracycline, such as doxorubicin, and to avoid multidrug resistance, so the use of Annamycin may not face the same dose limitations imposed on doxorubicin. The project entitled: “A novel approach to the therapy of acute myeloid leukemia (AML)” will...

Veteran Financial Services Executive Will Join Amalgamated to Lead its Growth Strategy and Advance its Mission as America’s Socially Responsible BankPriscilla Sims Brown, Incoming President and CEOAmalgamated Financial Corp.Priscilla Sims Brown, Incoming President and CEO with Lynne Fox, Board Chair and Interim President and CEOAmalgamated Financial Corp.NEW YORK, May 11, 2021 (GLOBE NEWSWIRE) — Amalgamated Financial Corp. [Nasdaq: AMAL] (“Amalgamated” or the “Company”), America’s socially responsible bank, today named Priscilla Sims Brown its next President and Chief Executive Officer. Ms. Brown will join Amalgamated on June 1, 2021 from Commonwealth Bank, Australia’s largest bank, where she serves as Group Executive, Marketing and Corporate Affairs, with responsibility for end-to-end marketing,...

– COMPANY PLANS TAX-FREE SPIN-OFF OF VICTORIA’S SECRET TO L BRANDS SHAREHOLDERS – – SEPARATION TO CREATE ENHANCED PROSPECTS FOR LONG-TERM VALUE CREATION – – TRANSACTION EXPECTED TO BE COMPLETED IN AUGUST 2021 – – EXPECTS TO REPORT RECORD FIRST QUARTER EARNINGS – COLUMBUS, Ohio, May 11, 2021 (GLOBE NEWSWIRE) — L Brands, Inc. (NYSE: LB) today announced its Board of Directors has unanimously approved a plan to separate the company into two independent, public companies: Bath & Body Works, one of the world’s leading bath, body and home fragrance retailers, and Victoria’s Secret, including Victoria’s Secret Lingerie, PINK and Victoria’s Secret Beauty, a leading retailer of intimates and beauty products. The company expects to create these companies through a tax-free spin-off of Victoria’s Secret to L Brands’ shareholders. The...

TORONTO, May 11, 2021 (GLOBE NEWSWIRE) — Aleafia Health Inc. (TSX: AH, OTCQX: ALEAF) (“Aleafia Health” or the “Company”) is pleased to report its financial results for the three months ended March 31, 2021 (“Q1 2021”). “This quarter saw us achieve important executional breakthroughs as we realized the exponential increase of our cannabis product portfolio. Likewise, as we benefit from greater scale, we are demonstrating substantial improvements in the profitability of our core adult-use and medical cannabis product sales, contrasting with the broader industry trend of price and margin compression,” said Aleafia Health CEO Geoffrey Benic. “To further leverage product portfolio expansion, we have only just begun the deployment of our highly differentiated medical cannabis ecosystem through the trailblazing exclusive agreement with...