Day: June 29, 2021
Vow ASA has through its subsidiary Scanship been awarded a contract with the French shipyard Chantiers de l’Atlantique for the delivery of advanced wastewater purification system to be installed on the seventh newbuild for Royal Caribbean International Oasis class of ships. This newbuild is planned to be the largest cruise ship in the world when it launches in 2026.
“This contract is a result of a more than 20 years cooperation with Chantiers de l’Atlantique and a true partnership with Royal Caribbean International within advanced wastewater purification. It also strongly signals a cruise industry planning for future growth with continuous focus on environmental sustainability and the health of our oceans”; says Vow ASA CEO Henrik Badin in a statement.For more information, please contact
Henrik Badin, CEO, Vow ASATel: + 47 90 78 98 25Email:...
EMGS secures multi-client and late sale contracts
Written by Customer Service on . Posted in Public Companies.
Electromagnetic Geoservices ASA (“EMGS” or the “Company”) is pleased to announce that the Company has secured an additional USD 1.2 million in prefunding for the upcoming Utsira High North Sea multi-client survey. The prefunding revenue is expected to be recognised in the fourth quarter of 2021.
Additionally, the Company has also secured USD 0.8 million in late sales related to the North Sea multi-client data library. The late sale revenue will be recognised in the second quarter of 2021.
CEO of EMGS, Bjørn Petter Lindhom, comments:
“These new multi-client contracts and the previously announced international late sale frame agreement, further demonstrates the benefit and value-add of EMGS’ data and services for our customers, and the value of our existing multi-client library.
Going forward, EMGS will continue to invest in new and financially...
L Brands Announces Proposed $500 Million Offering of Senior Notes Due 2029 by Its Spin-Off Subsidiary, Victoria’s Secret & Co.
Written by Customer Service on . Posted in Public Companies.
COLUMBUS, Ohio, June 29, 2021 (GLOBE NEWSWIRE) — L Brands, Inc. (“L Brands”) (NYSE: LB) announced today that its subsidiary, Victoria’s Secret & Co. (“Victoria’s Secret”), is offering to sell $500 million aggregate principal amount of senior notes due 2029 (the “Notes”) in a private placement offering to eligible purchasers, subject to market and other conditions. Victoria’s Secret is a recently formed company, which L Brands intends to separate from its current business by means of a spin-off to its shareholders (the “Separation”).
Upon the completion of the Separation, Victoria’s Secret intends to use the net proceeds from the offering of the Notes, after deducting discounts and commissions to the initial purchasers of the Notes and estimated offering expenses, to fund a portion of a cash payment to L Brands. Pending completion...
Disposal of stake in Semafone Ltd
Written by Customer Service on . Posted in Public Companies.
Octopus Titan VCT plc (“Company” or “Titan”)
29 June 2021
Disposal of stake in Semafone Ltd
The Board of Octopus Titan VCT plc is pleased to announce that Semafone Ltd has been acquired by Livingbridge. The exit represents an 8.5x return on Octopus Titan VCT plc’s initial investment, and a 7.5x return on the total investment, representing an IRR of 25%. The resulting cash proceeds attributable to Titan are not materially different from the value at which Titan currently holds its investment in Semafone.
Semafone provides software to contact centres so they can collect personal data securely over various communication channels, including telephone and chat. Titan first invested in 2010 and participated in two further rounds of investment. Cumulatively, Titan invested £3.59m in Semafone.
This demonstrates the important role that VCTs play...
WeedMD Reports First Quarter 2021 Financial Results with 102% Record Increase in Sequential Net Revenue Growth
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
Total revenue (before excise duties) of $12.9 million in Q1 2021, represents over 7% favourability over the $12.0 million Q1 2021 guidance previously providedNet revenue of $10.3 million in Q1 2021, represents a 102% sequential increase over Q4 2020, reflecting record sales of higher-margin, direct-to-consumer, and direct-to-patient productsReports significant improvement in SG&A expenses, down 66% from previous quarterGross Profit Before Fair Value Changes improved over $22 million sequentially from Q4 2020Adjusted EBITDA sequential improvement of over $31 million versus Q4 2020, reflecting improved gross profit and reduced expenses resulting from optimization initiativesManagement to host AGM on Wednesday, June 30th at 11:00 a.m. Eastern TimeTORONTO, June 29, 2021 (GLOBE NEWSWIRE) — WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF)...
vTv Therapeutics to Participate at the 6th World Psoriasis & Psoriatic Arthritis Conference with Poster Presentation on HPP737
Written by Customer Service on . Posted in Public Companies.
HIGH POINT, N.C., June 29, 2021 (GLOBE NEWSWIRE) — vTv Therapeutics Inc. (Nasdaq: VTVT) a clinical-stage biopharmaceutical company focused on the development of orally administered treatments for type 1 diabetes and psoriasis, today announced that it will be presenting data from the clinical development of HPP737 as a treatment for psoriasis in a poster presentation at the 6th World Psoriasis & Psoriatic Arthritis Conference held virtually June 30 – July 3, 2021 in Stockholm, Sweden.
Poster Details:Poster Title: Pharmacokinetics and Pharmacodynamics of the Phosphodiesterase 4 (PDE4) Inhibitor HPP737 Following Single-dose Oral Administration in Healthy Subjects
Presenting author: Aaron Burstein, PharmD
ID: 35201
Topic: 4. Current and new therapeutic modalitiesThe poster will be added to vTv’s website following the presentation...
Auxly Announces Results of Annual General and Special Meeting of Shareholders
Written by Customer Service on . Posted in Public Companies.
TORONTO, June 29, 2021 (GLOBE NEWSWIRE) — Auxly Cannabis Group Inc. (TSX- XLY) (OTCQX: CBWTF) (“Auxly” or the “Company“) announced today the voting results from its annual general and special meeting of shareholders held on June 28, 2021 (the “Meeting”).
A total of 132,758,409 common shares of the Company, representing 17.62% of the issued and outstanding common shares of the Company, were voted in connection with the Meeting by shareholders and proxy holders.
All of the matters put forward before the Company’s shareholders for consideration and approval, as set out in the Company’s information circular dated May 20, 2021 (the “Circular”), were approved by the requisite majority of the votes cast at the Meeting. The results are set out below.
Each of the directors listed as a nominee in the Circular was...
Midland and Probe Commence Drilling to Test New High-priority Targets South of Fenelon Gold
Written by Customer Service on . Posted in Public Companies.
Figure 1Gaudet-Fenelon JVMONTREAL, June 29, 2021 (GLOBE NEWSWIRE) — Midland Exploration Inc. (“Midland”) (TSX-V: MD), in partnership with Probe Metals Inc. (“Probe”), is pleased to announce the start of an important drilling program to test new high-priority targets on the Gaudet-Fenelon project. This project is located less than 5 kilometres south of the Fenelon Gold project held by Wallbridge Mining Company Ltd and is a 50/50 joint venture between Midland and Probe.
The Gaudet-Fenelon project covers more than 35 kilometres of favourable yet underexplored structures in the vicinity of the Lower Detour Fault, and is located immediately south of the Fenelon Gold deposit where Wallbridge is currently completing a resource estimate.
Highlights:Regional geochemical surveys identified several new high-priority targets...
Driven By Stem CEO, Adam Berk, Provides Shareholder Update During Virtual Road Show on ChannelChek
Written by Customer Service on . Posted in Public Companies.
BOCA RATON, FL, June 29, 2021 (GLOBE NEWSWIRE) — Stem Holdings, Inc. d/b/a Driven by Stem (OTCQX: STMH) (CSE: STEM) (the “Company” or “Stem“), the first multi-state, vertically integrated Farm-to-Home™ (F2H) cultivation and technology omnichannel cannabis company featuring a proprietary Delivery-as-a-Service (DaaS) marketplace platform, today announced the availability of its virtual road show presentation on ChannelChek, which can be accessed at www.drivenbystem.com, or https://www.channelchek.com/channelcast-detail/WET7Ezi6uh.
During the presentation CEO, Adam Berk, provides shareholders with an update on its vertical integration Farm-to-Home™ strategy, as well as the Company’s organic and acquisitive growth plans.
About Stem Holdings
Stem Holdings is a leading omnichannel, vertically-integrated cannabis...
Flora Growth Establishes Long-Term Commitment to Environmental and Economic Sustainability
Written by Customer Service on . Posted in Public Companies.
Flora Growth Corp. Commits to Sustainable and Eco-friendly Practices Throughout Diverse Brand Portfolio Supply Chains
TORONTO, June 29, 2021 (GLOBE NEWSWIRE) — Flora Growth Corp. (NASDAQ: FLGC) (“Flora”, “Flora Growth”, or the “Company”), an all-outdoor cultivator and manufacturer of cannabis-derived products and brands, is pleased to announce that its commitment to environmental sustainability will be represented across the Company’s value chain. Flora Growth’s sustainability initiatives will focus on the modern eco-conscious consumer looking for products made with cruelty-free, natural ingredients in sustainable, biodegradable packaging.
“At Flora, we have made sustainability a pillar of our strategy. We are doing this because consumers are guiding us in this direction, because we’re committed to our planet and our people,” said...