Month: August 2021

TORONTO, Aug. 26, 2021 (GLOBE NEWSWIRE) — Partners Value Investments Inc. (the “Company”, TSX: PVF.WT) announced today its financial results for the three months ended June 30, 2021. All amounts are stated in US dollars. The Company generated a net loss of $576 million for the three months ended June 30, 2021 compared to a net income of $36 million in the prior year quarter. Net income was lower in the current quarter compared to the 2020 quarter primarily due to remeasurement losses of $479 million relating to the Company’s newly issued retractable common shares. These shares are classified as liabilities due to their exchangeable feature equivalent to a Partnership unit. Thus the remeasurement losses are the result of the appreciation of the Partnership unit price. Excluding remeasurement losses and warrant liability valuations,...

TORONTO, Aug. 26, 2021 (GLOBE NEWSWIRE) — Partners Value Investments L.P. (the “Partnership”, TSX: PVF.UN TSX:PVF.PR.U) announced today its financial results for the three months ended June 30, 2021. All amounts are stated in US dollars. The Partnership generated net income of $28.5 million for the quarter ended June 30, 2021 compared to a net loss of $11 million in the prior year quarter. Net income was higher in the current quarter as dividend income increased due to the receipt of Brookfield Asset Management Reinsurance Partners Ltd. valued at $46 million as a dividend-in-kind from Brookfield Asset Management. The market price of a Brookfield share was $50.98 per share at June 30, 2021 compared to $41.27 at December 31, 2020. Consolidated Statements of Operations(Unaudited)For the period ended June 30(Thousands, US dollars) Three...

TORONTO, Aug. 26, 2021 (GLOBE NEWSWIRE) — Partners Value Split Corp. (the “Company”) announced today that the net asset value per unit was USD$145.05 at June 30, 2021. All amounts are stated in US dollars. Income available for distribution for the six month period ended June 30, 2021 was $72 million compared to $29 million in the prior year period. Net asset value per unit consists of one preferred share and one capital share. The net asset value per unit is posted monthly on our website at www.partnersvaluesplit.com. STATEMENTS OF COMPREHENSIVE INCOMEFor the six months ended June 30              (Thousands, US dollars)   2021   2020Income          Investment income $ 73,735   $ 28,808Other Investment income 423 —    74,158   28,808Expenses          Management fees    (23)     (20)Administrative and other    (1,878)     (274)    (1,901)     (294)Income...

TORONTO, Aug. 26, 2021 (GLOBE NEWSWIRE) — Mitchell Cohen, Chief Executive Officer and President of Urbanfund Corp. (TSX-V: UFC) (“Urbanfund” or the “Company”), confirmed today that the Company has filed its financial statements for the three and six months ended June 30, 2021 (the “Consolidated Financial Statements”) and corresponding Management’s Discussion and Analysis (“MD&A”). BUSINESS OVERVIEW AND STRATEGY Business Overview Urbanfund Corp. is an incorporated entity listed on the TSX Venture Exchange (“TSX-V”) under the symbol UFC. The Company is a reporting issuer in Alberta, British Columbia and Ontario. Urbanfund’s focus is to invest in Canadian real estate and real estate related projects with a focus on a mix of both residential and commercial properties. The Company’s assets are located in Toronto, Brampton, Belleville,...

Company Reports Its Fourth Consecutive Quarter of Positive EBITDA VANCOUVER, British Columbia, Aug. 26, 2021 (GLOBE NEWSWIRE) — WOW! Unlimited Media Inc. (“WOW!” or the “Company”) (TSX-V: WOW; OTCQX: WOWMF) announced today its results for the three and six months ended June 30, 2021. Michael Hirsh, Chairman & CEO, commented: “WOW!’s second quarter performance continued to build on the momentum from the first quarter. The Company delivered its fourth consecutive quarter of positive EBITDA and both reporting segments continued to generate positive operating income. We announced critical growth initiatives – Mainframe’s foray into 2D production and live action, as well as the addition of a virtual studio in Toronto. We remain focused on execution of our significant animation pipeline and to delivering a strong finish to the remainder...

Reports Second Quarter 2021 Revenues of $6.9 Million and Third Consecutive Quarter of Positive Adjusted EBITDA(1) PORTLAND, Ore., Aug. 26, 2021 (GLOBE NEWSWIRE) — Chalice Brands Ltd. (CSE:CHAL) (OTCQB:CHALF) (“Chalice” or the “Company”), a premier consumer-driven cannabis company specializing in retail, production, processing, wholesale, and distribution, today announces its financial and operating results for the second quarter 2021. All amounts stated are in US dollars unless otherwise noted. Second Quarter Highlights:Record quarterly revenues from continuing operations of $6.9 million, a 26% year-over-year increase compared to $5.5 million for the same period in 2020. Gross profit for second quarter 2021 of $3.1M, or 45% gross margin, compared to $1.3M or 23% gross margin in 2020. Gross margin improvements are due to an increased...