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Day: February 24, 2022

Fortress Transportation and Infrastructure Investors LLC Reports Fourth Quarter 2021 Results, Declares Dividend of $0.33 per Common Share

NEW YORK, Feb. 24, 2022 (GLOBE NEWSWIRE) — Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) (the “Company” or “FTAI”) today reported financial results for the fourth quarter and full year 2021. The Company’s consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release. Financial Overview(in thousands, except per share data)Selected Financial Results Q4’21Net Cash Used in Operating Activities $ (1,336 )Net Loss Attributable to Shareholders $ (19,047 )Basic and Diluted Loss per Common Share $ (0.19 )   Funds Available for Distribution (“FAD”) (1) $ 120,087  Adjusted EBITDA(1) $ 124,818  ______________________________(1) For definitions and reconciliations of non-GAAP measures, please refer to the exhibit to this press...

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SiriusPoint Announces Fourth Quarter and Full Year 2021 Earnings Results

HAMILTON, Bermuda, Feb. 24, 2022 (GLOBE NEWSWIRE) — SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT) today announced results for its fourth quarter ended December 31, 2021. Fourth Quarter 2021 HighlightsNet loss of $140 million, or $0.88 per diluted common share Tangible diluted book value per share decreased $0.80, or 5.7%, from the third quarter of 2021 to $13.27 Core loss of $7 million, which includes underwriting income of $35 million and Core combined ratio of 93.6%, offset by a Core net services loss of $41 million Core catastrophe losses were $24 million or 5 percentage points on the Core combined ratio Annualized return on average common equity of (23.7)% Net investment loss of $151 million, including (7.5)% return from our investment in the TP Enhanced FundFull Year 2021 HighlightsNet income of $45 million,...

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JOANN Announces 10% Dividend Increase

HUDSON, Ohio, Feb. 24, 2022 (GLOBE NEWSWIRE) — The Board of Directors of JOANN (NASDAQ: JOAN) has voted to increase the quarterly dividend on the Company’s common shares by 10% to 11 cents per common share. “Our dividend increase and our attractive dividend yield are integral to our capital allocation strategy,” said Matt Susz, JOANN’s chief financial officer. “This action demonstrates our continued commitment to return capital to shareholders. We also remain focused on further debt reduction and using our free cash flow to invest in other strategic initiatives, including our store refresh program.” The dividend is payable on April 8, 2022 to shareholders of record at the close of business March 25, 2022.   About JOANN For more than 75 years, JOANN has inspired creativity in the hearts, hands, and minds of its customers. From a...

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UPDATE – Isracann Signs LOI to Acquire Natural Health Medicine Developer

VANCOUVER, British Columbia, Feb. 24, 2022 (GLOBE NEWSWIRE) — Isracann Biosciences Inc. (CSE: IPOT) (XFRA: A2PT0E) (OTC: ISCNF) (the “Company” or “Isracann”) a biosciences company focused on researching and developing innovative health solutions in conjunction with its advanced stage activities aimed at becoming a premier low-cost, high-quality cannabis producer/distributor is pleased to announce that on February 16, 2022, it entered into a binding LOI to acquire Praesidio Health Inc. of Canada (“Praesidio”). Pursuant to the LOI, the Company will acquire all of the issued and outstanding shares of Praesidio for an aggregate number of common shares in the capital of the Company (“Common Shares”) with a value equal to C$4,000,000 (the “Consideration Shares”), based on the volume weighted average of actual trading prices (measured...

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WillScot Mobile Mini Holdings Reports Fourth Quarter and Full Year 2021 Results

Commercial Momentum, Organic Reinvestment, and M&A Support 2022 Outlook And Long-Term Growth Opportunities PHOENIX, Feb. 24, 2022 (GLOBE NEWSWIRE) — WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini Holdings” or the “Company”) (Nasdaq: WSC), the North American leader in innovative flexible work space and portable storage solutions, today announced fourth quarter and full year 2021 results and provided an update on operations and the current market environment, including the following highlights:Continued execution and commercial momentum in all operating segments resulted in fourth quarter revenue of $518 million, net income of $74 million, and Adjusted EBITDA of $211 million; full year 2021 revenue of $1,895 million, net income of $160 million, and Adjusted EBITDA of $740 million. Invested $147 million in and fully...

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Ceridian Appoints Chris Armstrong to Chief Operating Officer and Steve Holdridge to Chief Customer Officer

TORONTO and MINNEAPOLIS, Feb. 24, 2022 (GLOBE NEWSWIRE) — Ceridian (NYSE: CDAY; TSX: CDAY), a global leader in human capital management (HCM) technology, today announced the appointments of Chris Armstrong to Executive Vice President and Chief Operating Officer, and Steve Holdridge to Executive Vice President and Chief Customer Officer. Armstrong and Holdridge will help accelerate the company’s growth and continue to increase the value that customers gain from the Dayforce platform. As Chief Operating Officer, Armstrong will lead global operations, focused on driving scale, efficiency, and growth as the company continues to expand around the world. Since joining Ceridian in 2004, Armstrong has held several senior leadership roles, most recently overseeing the global customer office and the customer experience. In his expanded role...

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Wallbridge Mining Company Limited Announces Closing of C$14.2 Million Private Placement

Not for distribution to U.S. news wire services or dissemination in the United States. TORONTO, Feb. 24, 2022 (GLOBE NEWSWIRE) — Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF), (“Wallbridge” or the “Company”) today announced that further to its press release earlier today, that it has completed its previously-announced non-brokered private placement of 24,611,351 National flow-through common shares (the “National FT Shares”) and 12,357,000 Quebec flow-through common shares (the “Quebec FT Shares”) for aggregate gross proceeds of C$14,172,570 (the “Private Placement”). The National FT Shares were issued at a price of C$0.37 and the Quebec FT Shares at a price of C$0.41. All securities issued pursuant to the Private Placement will have a four month and one day statutory hold period. The gross proceeds from the Private Placement...

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Galapagos 2021 results set stage for future growth

 Key 2021 and post period events:Appointment of Dr. Paul Stoffels1 as new CEO, effective 1 April 2022, following planned retirement of CEO and co-founder Onno van de Stolpe Jyseleca sales booked by Galapagos in Europe were €14.8 million out of a total in-market performance of €25.7 million Jyseleca (filgotinib) approved for ulcerative colitis (UC) in Europe and Great Britain, reimbursement for rheumatoid arthritis (RA) secured in 14 countries Patient enrollment completed in the DIVERSITY Phase 3 program with filgotinib in Crohn’s Disease (CD) Discontinuation of development of ziritaxestat, GLPG1690, in Phase 3 program in idiopathic pulmonary fibrosis (IPF) First patient results with salt inducible kinase (SIK) 2/3 inhibitor GLPG3970 support further work on this novel pharmacology Activity observed with selective tyrosine kinase (TYK)...

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Cyclerion Announces CY6463 Clinical Pipeline and Corporate Updates

Phase 2a study in Mitochondrial Encephalomyopathy, Lactic Acidosis, and Stroke-like episodes (MELAS) enrollment closed; topline data expected in Q2 2022      Phase 1b study in Cognitive Impairment Associated with Schizophrenia (CIAS) enrollment ongoing; topline data expected in H2 2022      Phase 2a study in Alzheimer’s Disease with vascular pathology (ADv) enrollment ongoing CAMBRIDGE, Mass., Feb. 24, 2022 (GLOBE NEWSWIRE) — Cyclerion Therapeutics, Inc. (Nasdaq: CYCN), a clinical-stage biopharmaceutical company on a mission to develop treatments that restore cognitive function, announced today clinical development updates for CY6463, its lead program, and additional corporate progress. “We are developing CY6463 as a potentially transformative medicine for cognitive impairment associated with certain CNS diseases that are lacking...

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Collegium Reports Fourth Quarter and Full-Year 2021 Financial Results

– BDSI Acquisition Expected to Close Late Q1 2022 – – 2022 Revenue Guidance of $315-$330 Million, Growth Driven by Xtampza ER – – Full-Year Net Income of $71.5 Million and Full-Year Adjusted EBITDA of $118.3 million – – Cash Balance of $186.4 Million – – Conference Call Scheduled for Today at 4:30 p.m. ET – STOUGHTON, Mass., Feb. 24, 2022 (GLOBE NEWSWIRE) — Collegium Pharmaceutical, Inc. (Nasdaq: COLL) today reported its financial results for the fourth quarter and full-year 2021 and provided a corporate update. “We strengthened the fundamentals of our pain portfolio in the face of challenging market dynamics throughout 2021, achieved key operational objectives, and completed a restructuring that positions Collegium to embark upon a period of growth and value creation,” said Joe Ciaffoni, President and Chief Executive Officer of...

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