Day: April 25, 2022

Colabor Group Confirms the Closing of the Acquisition of Assets in the Outaouais and Laurentians Territories

Written by Customer Service on April 25, 2022. Posted in Mergers And Acquisitions.

BOUCHERVILLE, Quebec, April 25, 2022 (GLOBE NEWSWIRE) — Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Company”) confirms the closing of the acquisition of certain assets from Ben Deshaies inc. (“Ben Deshaies”) as announced on April 11, 2022. The acquisition includes, in particular, Ben Deshaies’ assets related to foodservice activities in the Outaouais and Laurentians regions, as well as certain related equipment. These activities represent approximately 13 million dollars in annual revenues and will be served from a facility located in Mont-Laurier. Ben Deshaies has been a wholesaler since 1939 and a business partner of Colabor for many years, being a customer of Colabor’s wholesale segment. The acquisition of this new clientele will enable the Company to accelerate its growth in each of these strategic territories. About Colabor Colabor...

Jowell Global Ltd. Announces Full Year 2021 Financial Results

Written by Customer Service on April 25, 2022. Posted in Earnings Releases And Operating Results.

— Full Year Revenue of $170.9 million, up 76.4% year-over-year — SHANGHAI, China, April 25, 2022 (GLOBE NEWSWIRE) — Jowell Global Ltd. (“Jowell” or the “Company”) (NASDAQ: JWEL), one of the leading cosmetics, health and nutritional supplements, and household products e-commerce platforms in China, today announced its financial results for the full year ended December 31, 2021. Full Year 2021 Financial and Operational HighlightsTotal revenues were $170.9 million, an increase of 76.4% from $96.9 million in 2020.Net loss was $6.4 million, a decrease of 278.1% compared to net income of $3.6 million in 2020.Total VIP members1 as of December 31, 2021 were approximately 2.2 million, an increase of 13.6% compared to approximately 2.0 million as of December 31, 2020.Total LHH stores2 as of December 31, 2021 were 26,043,...

First Bank Reports First Quarter 2022 Net Income of $8.2 Million

Written by Customer Service on April 25, 2022. Posted in Earnings Releases And Operating Results.

Quarterly Results Highlighted by Strong Organic Loan Growth, Continued Enhancement of the Bank’s Deposit Mix, and Solid Asset Quality Metrics HAMILTON, N.J., April 25, 2022 (GLOBE NEWSWIRE) — First Bank (Nasdaq Global Market: FRBA) (the Bank) today announced results for the first quarter of 2022, including net income of $8.2 million, or $0.41 per diluted share. Return on average assets, return on average equity and return on average tangible equityi for the first quarter of 2022 were 1.31%, 12.25% and 13.22%, respectively. In the first quarter of 2021, the Bank reported net income of $9.7 million, or $0.49 per diluted share, and return on average assets, return on average equity and return on average tangible equityi of 1.66%, 16.21% and 17.52%, respectively. First Quarter 2022 Performance Highlights:Total loans of $2.15 billion...

Astec Industries, Inc. (NASDAQ: ASTE) Announces the Company’s First Quarter Conference Call May 4, 2022 at 8:30 A.M. Eastern Time

Written by Customer Service on April 25, 2022. Posted in Public Companies.

CHATTANOOGA, Tenn., April 25, 2022 (GLOBE NEWSWIRE) — You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company’s First Quarter financial results. Astec Industries, Inc. will be releasing the company’s First Quarter financial results to the wire service on Wednesday, May 4, 2022 at approximately 7:00 A.M. Eastern Time. The live call will begin on Wednesday, May 4, 2022 at 8:30 A.M. Eastern Time. Barry A. Ruffalo, President and Chief Executive Officer, Rebecca A. Weyenberg, Chief Financial Officer, and Stephen C. Anderson, Senior Vice President of Administration and Investor Relations will host the call. To access the call, dial (833) 420-0404 on Wednesday, May 4, 2022 at least 10 minutes prior to the scheduled time for the call. International callers should dial (236) 714-4299....

Sun Communities, Inc. Reports 2022 First Quarter Results

Written by Customer Service on April 25, 2022. Posted in Earnings Releases And Operating Results.

Southfield, MI, April 25, 2022 (GLOBE NEWSWIRE) — Sun Communities, Inc. (NYSE: SUI) (the “Company”), a real estate investment trust (“REIT”) that owns and operates, or has an interest in, manufactured housing (“MH”) communities, recreational vehicle (“RV”) resorts and marinas (collectively, the “properties”), today reported its first quarter results for 2022. Financial Results for the Quarter ended March 31, 2022 For the quarter ended March 31, 2022, total revenues increased by $106.5 million, or 24.1 percent, to $548.5 million compared to approximately $442.0 million for the same period in 2021. Net income attributable to common shareholders was $0.7 million, or $0.01 per diluted common share, compared to net income attributable to common shareholders of $24.8 million,...

America’s Car-Mart, Inc. Announces Pricing of Inaugural Asset-Backed Securitization Transaction and Amendment to Loan and Security Agreement

Written by Customer Service on April 25, 2022. Posted in Public Companies.

ROGERS, Ark., April 25, 2022 (GLOBE NEWSWIRE) — America’s Car-Mart, Inc. (NASDAQ: CRMT) (the “Company”) today announced that it has priced $400 million in aggregate principal amount of asset-backed notes (the “Notes”), a subprime auto loan asset-backed securitization transaction. The Notes will be issued in four classes, collateralized by loans directly originated by the Company’s operating subsidiaries, America’s Car Mart, Inc. and Texas Car-Mart, Inc. (collectively “Car Mart”), with expected ratings of AA- through BB- by Kroll Bond Rating Agency (“KBRA”), and have a final maturity date of April 20, 2029. Credit enhancement for the Notes will consist of overcollateralization, a reserve account funded with an initial amount of not less than 2.00% of the pool balance as of the cut-off date, excess interest on the receivables, and,...

Northeast Bank Reports Third Quarter Results and Declares Dividend

Written by Customer Service on April 25, 2022. Posted in Dividend Reports And Estimates.

PORTLAND, Maine, April 25, 2022 (GLOBE NEWSWIRE) — Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, today reported net income of $10.6 million, or $1.36 per diluted common share, for the quarter ended March 31, 2022, compared to net income of $34.2 million, or $4.06 per diluted common share, for the quarter ended March 31, 2021. Net income for the nine months ended March 31, 2022 was $31.9 million, or $3.98 per diluted common share, compared to $50.1 million, or $6.01 per diluted common share, for the nine months ended March 31, 2021. Net income for the three and nine months ended March 31, 2021 included $33.0 million of net gains on the sale of U.S. Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”) loans originated and sold during the quarter ended March 31, 2021, which had an...

HF Foods To Acquire Seafood Supplier Sealand Food, Inc.

Written by Customer Service on April 25, 2022. Posted in Mergers And Acquisitions.

LAS VEGAS, April 25, 2022 (GLOBE NEWSWIRE) — HF Foods Group Inc. (NASDAQ: HFFG), a leading food distributor to Asian restaurants across the United States (“HF Foods”, “HF Group” or the “Company”), announced today that it has entered into an agreement (the “Agreement”) to acquire substantially all of the assets of Sealand Food, Inc. (“Sealand”). With 25 years of operating history, Richmond, Virginia-based Sealand is one of the largest frozen seafood suppliers servicing the Asian/Chinese restaurant market along the Eastern Seaboard of the U.S, with 2022 run-rate revenues expected to approach $90 million. Sealand services a market that includes seventeen states along the East Coast, from Massachusetts to Florida, as well as Pennsylvania, West Virginia, Ohio, Kentucky, and Tennessee. “I am extremely pleased with the signing of the...

SmartCentres Declares Distribution for April 2022

Written by Customer Service on April 25, 2022. Posted in Dividend Reports And Estimates.

TORONTO, April 25, 2022 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX:SRU.UN) announced today that the trustees of SmartCentres have declared a distribution for the month of April 2022 of CDN $0.15417 per trust unit, representing CDN $1.85 per unit on an annualized basis. Payment will be made on May 16, 2022 to unitholders of record on April 29, 2022. About SmartCentres SmartCentres Real Estate Investment Trust is one of Canada’s largest fully integrated REITs, with a best-in-class portfolio featuring 174 strategically located properties in communities across the country. SmartCentres has approximately $11.3 billion in assets and owns 34.1 million square feet of income producing value-oriented retail and first-class office space with 97.6% occupancy, on 3,500 acres of owned land...

G2 Announces Inferred Resource of 974,000 ounces Au (@ 9.25 g/t) and Indicated Resource of 220,000 ounces Au (@ 8.63 g/t)

Written by Customer Service on April 25, 2022. Posted in Public Companies.

Figure 1 OKO RESOURCE MODELTORONTO, April 25, 2022 (GLOBE NEWSWIRE) — G2 Goldfields Inc. (“G2” or the “Company”) (TSXV: GTWO; OTCQX: GUYGF) is pleased to announce the maiden underground mineral resource estimate at the Oko Main Zone (OMZ) located within the 27,608-acre OKO-AREMU Project, Guyana. Highlights of the resource include:974,000 oz. Au – Inferred contained within 3,274,000 tonnes @9.25 g/t Au and220,000 oz. Au – Indicated contained within 793,000 tonnes @ 8.63 g/t AuG2’s resource study was prepared to National Instrument 43-101 standards by Micon International Limited and is based on 98 intersecting drill holes. The resource study estimates the gold content hosted by three primary shear zones (S3, S4, & S5) which vary in length between 350 and 750 metres and have been explored to a maximum depth of approximately...

Day: April 25, 2022

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