Day: November 15, 2021

Revenue of $33.2 million, a 147% Increase Year Over YearAdjusted EBITDA of $12.9 million, a 213% Increase Year Over Year NORWOOD, Mass., Nov. 15, 2021 (GLOBE NEWSWIRE) — MariMed, Inc. (OTCQX: MRMD) (“MariMed” or the “Company”), a leading multi-state cannabis operator focused on improving lives every day, today announced its financial and operating results for the quarter ended September 30, 2021. Q3 2021 FINANCIAL HIGHLIGHTSRevenue of $33.2 million, an increase of 147% from the third quarter of 2020. Gross profit of $18.2 million, an increase of 109% from the third quarter of 2020. Adjusted EBITDA* of $12.9 million, a 213% increase from the third quarter of 2020. Net income of $2.1 million, a 25% increase from the third quarter of 2020. Working capital at the end of the quarter of $27.3 million compared to a working capital deficit...

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATESQuarterly revenue of $12.6 million, up 29% over the same period last year, driven by higher patient volumes, growth in corporate health customers and two significant business acquisitions in 2021. The company continues to make strategic acquisitions and investments, including the $7.1 million acquisition of the Polyclinic Group of Companies (“Polyclinic”) and participation in the Series 1 Seed financing round of ORO Health, Inc. (“ORO”) in Q3 2021. Khure Health Inc. (“Khure”) signs its largest contract to date with a global top 10 pharmaceutical manufacturer. All clinics once again operating as COVID-19 recovery continues. Robust acquisition pipeline with several substantial opportunities under consideration. Adjusted EBITDA(1) for the quarter was negative...

SHANGHAI, China, Nov. 15, 2021 (GLOBE NEWSWIRE) — 360 DigiTech, Inc. (QFIN) (“360 DigiTech” or the “Company”), a leading financial technology platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Business HighlightsAs of September 30, 2021, our digital platform has connected 115 financial institutional partners and 181.8 million consumers*1 with potential credit needs, cumulatively, an increase of 16.5% from 156.0 million a year ago. Cumulative users with approved credit lines*2 was 36.5 million as of September 30, 2021, an increase of 24.6% from 29.3 million as of September 30, 2020. Cumulative borrowers with successful drawdown, including repeat borrowers was 23.3 million as of September 30, 2021, an increase of 24.6% from 18.7 million as of September...

ROANOKE, Va., Nov. 15, 2021 (GLOBE NEWSWIRE) — RGC Resources, Inc. (NASDAQ: RGCO) announced consolidated Company earnings of $10,102,062 or $1.22 per share for the fiscal year ended September 30, 2021. This compares to earnings of $10,564,534 or $1.30 per share for the year ended September 30, 2020. CEO Paul Nester stated, “Our 2021 earnings reflect improved utility margins associated with our infrastructure replacement programs, customer growth and reduced operating and maintenance expenses. Operating and maintenance expenses, net of gas costs, declined $1.7 million or 10.5% due to the accelerated recovery of certain regulatory assets and one-time maintenance investments incurred in 2020 as well as much lower bad debt expense in 2021. The overall earnings decline was primarily attributable to significantly lower non-cash Mountain...

Lowell reports initial Lowell Farm Services revenue and Lowell brand licensing revenues. Sequential decline in quarterly revenue of 18% driven by bulk flower market pricing declines. SALINAS, Calif., Nov. 15, 2021 (GLOBE NEWSWIRE) — Lowell Farms Inc. (the “Company”) (CSE: LOWL; OTCQX: LOWLF), a California-born innovator in cannabis cultivation and maker of the legendary brand Lowell Smokes, announced revenue and operating results for the third quarter (September 30, 2021). All figures stated are in US Dollars and are on a US GAAP basis. Third Quarter Financial Highlights:Revenue generated for the three-month period ended September 30, 2021 was $12.5 million; a decrease of 12% from Q3 2020 and a decrease of 18% from the preceding quarter. Sales of bulk wholesale flower fell 71% or $3.9 million during the quarter due to depressed...

CHICAGO, Nov. 15, 2021 (GLOBE NEWSWIRE) — Professional Diversity Network, Inc. (NASDAQ:IPDN), (“IPDN” or the “Company”), a global developer and operator of online and in-person networks that provides access to networking, training, educational and employment opportunities for diverse individuals, today announced its financial results for the quarter ended September 30, 2021. “Our PDN Network continues to show stability with its third consecutive strong quarter of fiscal 2021. We believe that there is still room for additional corporate and political awareness in terms of greater investment in diversity recruitment and inclusion initiatives, and in turn society as a whole, which continue to benefit the Company. We remain committed to strengthening the financial position of the Company through investing in our operating segments...