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Day: December 30, 2021

Biofrontera Inc. announces reduction of Biofrontera AG shareholding to less than 50% through warrant exercises

WOBURN, Mass., Dec. 30, 2021 (GLOBE NEWSWIRE) — Biofrontera Inc. (Nasdaq: BFRI), a biopharmaceutical company specializing in the commercialization of dermatological products, announced that through the exercise of outstanding warrants the majority ownership of Biofrontera AG was diluted below 50%. Biofrontera AG’s shareholding in Biofrontera Inc. of 8,000,000 shares is unchanged, but now represents approximately 47% of the currently outstanding shares. As a result, Biofrontera Inc. is no longer considered a subsidiary of Biofrontera AG. Biofrontera Inc.’s common stock and warrants are traded on the Nasdaq Capital Market under the ticker symbols “BFRI” and “BFRIW,” respectively. Not affected by this will be Biofrontera AG’s position as Licensor for the license and supply agreement (LSA) with Biofrontera Inc, which provides the latter...

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HRC WORLD PLC REDUCES EQUITY STAKES IN ASSOCIATE COMPANIES

HRC WORLD PLC NASDAQ FIRST NORTH, COPENHAGENTICKER: HRCISIN: GB00BZ3CDY20 30 December 2021 HRC WORLD PLC REDUCES EQUITY STAKES IN ASSOCIATE COMPANIES The information communicated in this announcement is “inside information” for the purposes of article 7 of the Market Abuse Regulation 596/2014. The Board of Directors of HRC World Plc (the Company), a company that provides strategic restaurant management services for restaurant chains across Asia, is pleased to announce that it has today divested part of its shareholdings in each of the associate companies namely Havana Café Sdn Bhd, HMRC Sdn Bhd and HRC East Sdn Bhd for a total sum of MYR 8,191,775.00. The Company’s equity stake in each of these companies thereby reduces from between 40% and 45% to 19%. The funds raised from this divestment will be used to finance the working capital needs...

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Puhui Wealth Investment Management Co., Ltd. Announces Results of 2021 Annual General Meeting of Shareholders

BEIJING, Dec. 30, 2021 (GLOBE NEWSWIRE) — Puhui Wealth Investment Management Co., Ltd. (Nasdaq: PHCF) (“Puhui” or the “Company”), a third-party wealth management service provider with a focus on wealth management services for high net worth individuals and corporate clients, today announced the completion of its 2021 annual general meeting of shareholders which was held on December 30, 2021 at the Company’s headquarters located at Rooms 801 and 802, 8th Floor, W1 Office Building, Oriental Commerce Tower, No.1 Chang An Street, Dong Cheng District, Beijing, PRC 100006. Shareholder voting outcomes from the annual general meeting resulted in the re-election of Mr. Zhe Ji, Mr. Jun Wang, Mr. Qingbin Meng and Mr. Zhi Su to Puhui’s Board of Directors. The appointment of Friedman LLP as the Company’s independent registered accounting firm...

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Osisko Announces TSX Approval to Renew Normal Course Issuer Bid

TORONTO, Dec. 30, 2021 (GLOBE NEWSWIRE) — Osisko Mining Inc. (TSX:OSK) (the “Corporation” or “Osisko“) today announces that the Toronto Stock Exchange (the “TSX”) has approved the Corporation’s notice of intention to make a normal course issuer bid (the “NCIB Program”). Under the terms of the NCIB Program, Osisko may acquire up to 28,678,891 of its common shares (“Common Shares”) from time to time in accordance with the normal course issuer bid procedures of the TSX. The normal course issuer bid will be conducted through the facilities of the TSX or alternative trading systems, if eligible, and will conform to their regulations. Purchases under the normal course issuer bid will be made by means of open market transactions or such other means as a securities regulatory authority may permit, including pre-arranged...

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Northern Technologies International Corporation to Announce Fiscal 2022 First Quarter Financial Results and Host Conference Call

MINNEAPOLIS, Dec. 30, 2021 (GLOBE NEWSWIRE) — Northern Technologies International Corporation (NASDAQ: NTIC) today announced that it expects to release its fiscal 2022 first quarter financial results on Thursday, January 6, 2022, before the market opens. A copy of the news release will be available on the Investor Relations section of NTIC’s webpage (www.ntic.com). In conjunction with NTIC’s release of its financial and operating results, investors, analysts and other interested parties are invited to participate in a conference call with management on Thursday, January 6, 2022, at 9:00 a.m. Eastern Time. Patrick Lynch, President and CEO, and Matt Wolsfeld, CFO, will review NTIC’s fiscal 2022 first quarter financial results and outlook, which will be followed by a question and answer session. Details for the conference call are...

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NV5 to Acquire Optimal Energy, Expanding Energy Efficiency Consulting Capabilities

HOLLYWOOD, Fla., Dec. 30, 2021 (GLOBE NEWSWIRE) — NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of compliance, technology, engineering, and environmental consulting solutions, announced today that it is expected to acquire Optimal Energy, Inc. (Optimal) with a close date before December 31st. Optimal is an energy efficiency firm providing a full range of consulting services to government agencies, utilities, regulatory bodies, and state energy advisory councils. Optimal specializes in advising state energy efficiency advisory councils on program planning, cost-benefit analysis, and strategic guidance. The Company also assists utilities with integrating statewide and local energy efficiency mandates into their business models. The acquisition will be made with a combination of cash and stock and will be immediately...

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BeyondSpring Announces Third Quarter 2021 Financial Results and Provides a Corporate Update

– Positive Phase 3 data in 2nd/3rd line NSCLC (Dublin-3): Superior efficacy benefit in plinabulin and docetaxel combination in overall survival, 2-year and 3-year OS rate, PFS, ORR, and significant reduction of grade 4 neutropenia vs. docetaxel alone – IO combination advancement to Phase 2: plinabulin in combination with nivolumab + ipilimumab in patients in extensive-stage SCLC who progressed after at least one platinum-based chemotherapy regimen and checkpoint inhibitors (IIT study) – Wanchunbulin China subsidiary formed commercial and co-development collaboration with Hengrui for plinabulin in Greater China; upfront of est. US$30M and milestone payments up to est. US$170M. Hengrui will fund the commercial costs, while Wanchunbulin will supply plinabulin. Wanchunbulin to receive all proceeds from sales of plinabulin...

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Lotus Ventures Inc. Reports Fiscal 2021 Results

VANCOUVER, British Columbia, Dec. 30, 2021 (GLOBE NEWSWIRE) — Lotus Ventures Inc. (CSE: J) (OTC: LTTSF) (“Lotus” or the “Company”), a trusted cannabis producer in Canada is pleased to report its Fiscal 2021 full year results and a second consecutive year reporting a profit for the year ended August 31, 2021.Full year revenue increased to $5.4 million up 18 percent compared to the prior year.   Fourth quarter revenue of $1.2 million, a decrease compared to the prior year due to the Company realizing a more consistent Fair Value on Biological Asset accounting process.   Lotus achieved positive EBITDA and positive net income in each of the first two years of production. One of the unique publicly traded licensed producers to accomplish this in the first three years of Canadian adult-use legalization.    Gross margin before fair...

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AGF Announces Final Distributions for AGF ETFs for 2021

TORONTO, Dec. 30, 2021 (GLOBE NEWSWIRE) — AGF Investments Inc. (AGFI) (TSX:AGF.B) today announced the final December 2021 cash distributions and annual 2021 reinvested capital gains distributions for the AGF ETFs listed on the Toronto Stock Exchange or NEO Exchange. Unitholders of record of an AGF ETF on December 31, 2021 will receive (i) the actual 2021 reinvested capital gains distributions payable in respect of that AGF ETF on December 31, 2021; and (ii) the actual December 2021 cash distributions payable in respect of that AGF ETF on January 7, 2022. The actual taxable amounts for 2021, including the tax characteristics, will be reported in early 2022. The annual reinvested capital gains distributions generally represent realized capital gains within the AGF ETFs and will not be paid in cash, but will be reinvested in the form...

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Draganfly Selected to Implement Health and Safety Program to Keep Events Safe During CES® 2022

Draganfly’s Vital Intelligence platform continues to provide seamless and non-invasive solutions that are helping organizations host safe events and gatherings Los Angeles, CA., Dec. 30, 2021 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce that the Company’s Varigard pathogen and surface sanitizer spray will be implemented ahead of the Drone Racing League’s Vegas Championship Race Presented by T-Mobile outside T-Mobile Arena and the EDGE22 plenary sessions at the Park Theater in the Park MGM in Las Vegas, Nevada. Both events are taking place during the Consumer Electronics Show (“CES®”), which is running from January 5-8, 2022. Draganfly’s Varigard pathogen and surface spray will...

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