TILT Holdings Reports Record Second Quarter 2021 Financial Results

Written by Customer Service on August 24, 2021. Posted in Earnings Releases And Operating Results.

Record Q2 Revenue up 33% YoY to $48.5 Million Record Q2 Adjusted EBITDA up 2.7x to $6.5 Million Reiterates 2021 Guidance of Revenue Between $205 – $210 Million and Adjusted EBITDA Between $30 -$32 Million PHOENIX, Aug. 24, 2021 (GLOBE NEWSWIRE) — TILT Holdings Inc. (“TILT” or the “Company”) (NEO:TILT) (OTCQX: TLLTF), a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, is reporting its financial and operating results for the three-months and six-months ended June 30, 2021. All financial information is provided in U.S. dollars unless otherwise indicated. “We generated another quarter of record results by continuing to execute our B2B strategy and driving synergies across our business segments,” said Gary Santo, CEO...

URBN Q2: Record Sales, Record Profits

Written by Customer Service on August 24, 2021. Posted in Earnings Releases And Operating Results.

PHILADELPHIA, Aug. 24, 2021 (GLOBE NEWSWIRE) — Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle products and services company which operates a portfolio of global consumer brands comprised of the Anthropologie, BHLDN, Free People, FP Movement, Terrain, Urban Outfitters, Nuuly and Menus & Venues brands, today announced net income of $127 million and earnings per diluted share of $1.28 for the three months ended July 31, 2021. For the six months ended July 31, 2021, net income was $181 million and earnings per diluted share were $1.82. Due to the material impact of COVID-19 on our business operations in fiscal 2021, including mandated store closures, this release includes a comparison of fiscal 2022 results to fiscal 2020. Management views the comparison of fiscal 2022 results to fiscal 2020 as the more meaningful measurement...

LMP Announces a Definitive Acquisition Agreement for a Chrysler Dodge Jeep Ram Dealership in Tennessee, Generating Approximately $42 Million in Annualized Revenue and $1.4 Million in Adjusted EBITDA

Written by Customer Service on August 24, 2021. Posted in Mergers And Acquisitions.

FORT LAUDERDALE, FL , Aug. 24, 2021 (GLOBE NEWSWIRE) — LMP Automotive Holdings, Inc. (NASDAQ: LMPX), an e-commerce and facilities-based automotive retailer in the United States, today announced its entry into a definitive acquisition agreement for a Chrysler Dodge Jeep Ram dealership in Tennessee, generating approximately $42 million in annualized revenue and $1.4 million in adjusted EBITDA. Expected to close in the fourth quarter of this year. Purchase price of approximately $4.5 million for goodwill expected to be funded through a combination of cash on LMP’s balance sheet, up to $2.5 million in common stock and debt financing. Expected to add approximately $1.4 million in adjusted EBITDA or $0.12 per share in 2022. Richard Aldahan, LMP’s Chief Operating Officer, stated, “This acquisition will further expand our management...

Mydecine Innovations Group Announces Mailing of Management Information Circular and Provides Update on Spin-Out of U.S. Cannabis Assets

Written by Customer Service on August 24, 2021. Posted in Public Companies.

DENVER, Aug. 24, 2021 (GLOBE NEWSWIRE) — Mydecine Innovations Group Inc. (NEO: MYCO) (OTC: MYCOF) (“Mydecine” or the “Company”), is pleased to announce that it has filed and mailed its management information circular (the “Information Circular”) and related meeting and proxy materials for the annual general and special meeting of the shareholders of the Company to be held virtually on Monday, September 20, 2021 at 11:00 a.m. (Pacific time) (the “Meeting”). The purpose of the Meeting is, among other things, to consider and, if thought advisable, to pass a special resolution approving the Company’s previously announced spin-out transaction (the “Transaction”) by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia) pursuant to an amended and restated arrangement agreement dated August...

Mid Penn Bank Promotes Dickinson to Chief Retail Officer

Written by Customer Service on August 24, 2021. Posted in Public Companies.

Mid Penn Bank Promotes Dickinson to Chief Retail Officer Joan Dickinson, Chief Retail Officer MILLERSBURG, Pa., Aug. 24, 2021 (GLOBE NEWSWIRE) — Mid Penn Bank (Bank), a wholly-owned subsidiary of Mid Penn Bancorp, Inc. (NASDAQ: MPB), is proud to announce that Executive Vice President, Joan Dickinson, has been promoted to Chief Retail Officer of the Bank. In her new role as Chief Retail Officer, Dickinson will continue to report to Scott Micklewright, Chief Revenue Officer, and will lead all retail activities across the Mid Penn Bank and Scottdale Bank and Trust (a division of Mid Penn Bank) footprint. She is responsible for the 36 branch banking offices and the Bank’s commercial cash management programs throughout the franchise. Dickinson, who most recently served as Chief of Staff, has been with Mid Penn Bank since...

Photo Release — Huntington Ingalls Industries Names Brooke Hart As Executive Vice President, Communications

Written by Customer Service on August 24, 2021. Posted in Public Companies.

NEWPORT NEWS, Va., Aug. 24, 2021 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE: HII) announced today that Brooke Hart has been named executive vice president, communications. Hart will succeed Jerri Dickseski, who will retire on Sept. 1 after nearly 31 years of service. Hart will be located in HII’s Washington, D.C. office and will report to Mike Petters, HII’s president and CEO, effective Sept. 27. “Jerri has been a member of my executive team for 17 years, and I’ve relied upon her communications acumen and sound counsel,” Petters said. “The breadth and depth of her communication expertise, coupled with her endless energy and drive, have been instrumental in building HII from its foundation. I thank her for passionately telling the stories of our employees and the hard work they perform every day to support a greater...

OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Appoints an Experienced Sales Director to Focus on New Innovative Technologies and Expansion of Its Global Distribution Network

Written by Customer Service on August 24, 2021. Posted in Public Companies.

NEW YORK, Aug. 24, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — ILUS International Inc (OTC: ILUS): ILUS is a M&A company focussed on acquiring and developing technology-based companies across the globe. Having already acquired three companies during 2021, ILUS is now working on multiple additional acquisitions, whilst simultaneously developing, testing, and certifying new technologies to add to its current stable of disruptive patented technology. To maximise the potential of the acquisitions whilst also ensuring growth for new technologies, ILUS has appointed internationally experienced Sales Director, Jason Bolze. Jason Bolze joins ILUS with ten years’ sales experience, including over four years as a Regional Sales Director at prestigious British public safety technology company, Detego Global. Jason has new business...

ALYI Expects To Exceed First Million In EV Ecosystem Revenue Before Year End

Written by Customer Service on August 24, 2021. Posted in Public Companies.

Dallas, TX, Aug. 24, 2021 (GLOBE NEWSWIRE) — Alternet Systems, Inc. (OTC Pink: ALYI) (“ALYI”) today announced the company expects to exceed its first million in revenue prior to the end of the year from the electric vehicle ecosystem the company has been constructing over the last few years. Instead of introducing a single EV product, ALYI’s business focus is on the introduction of an EV Ecosystem that addresses the entire EV adoption environment, from the perpetual design of best in class vehicles to the perpetual design of the myriad of mechanical and digital systems that go into a best in class vehicle; from the charging and maintenance infrastructure that goes into supporting consumer and commercial vehicles, to the EV value proposition itself that drives consumers and businesses to transition from combustion engines to electric...

Verizon waives calling charges to Afghanistan

Written by Customer Service on August 24, 2021. Posted in Public Companies.

Wireless consumer and business customers as well as residential landline customers can call to Afghanistan for free BASKING RIDGE, N.J., Aug. 24, 2021 (GLOBE NEWSWIRE) — In response to developments in Afghanistan, Verizon will waive charges for calls from its consumer and business wireless customers as well as its residential landline customers to Afghanistan, from Aug. 24 through Sept. 6. “During this time of need, customers need to stay connected with loved ones in Afghanistan,” said Ronan Dunne, executive vice president and CEO of Verizon Consumer Group for Verizon. “Waiving these kinds of calling charges will help them focus on what matters: communicating with family and friends.” Beginning today, Tuesday (Aug. 24), all calls made from Verizon residential landline, and consumer or business wireless phones...

Proactive news headlines including Uber, SpaceX, Golden Tag Resources, GR Silver Mining, Renforth Resources and Cardiol Therapeutics

Written by Customer Service on August 24, 2021. Posted in Mergers And Acquisitions.

New York , Aug. 24, 2021 (GLOBE NEWSWIRE) — Proactive, provider of real-time news and video interviews on growth companies listed in the US and Canada, has covered the following companies: Elon Musk says SpaceX has shipped 100,000 Starlink terminals click here Chinese Uber rival Didi suspends UK and Europe launch plans – report click here Golden Tag Resources says new 3D model on its San Diego project showcases broad zones of skarn mineralization click here First Cobalt announces pricing of previously announced overnight-marketed public offering at C$0.25 per common share click here Adyton Resources advances auxiliary trenching program at Gameta gold project in Papua New Guinea click here Todos Medical’s Provista Diagnostics enters reference lab agreement with Meadowlands Diagnostics to provide cPass blood testing click...

Day: August 24, 2021

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