Silver Spike Investment Corp. Co-Leads up to $170 million Senior Secured Term Loan to Shryne Group Inc.

Written by Customer Service on June 2, 2022. Posted in Public Companies.

NEW YORK, June 02, 2022 (GLOBE NEWSWIRE) — Silver Spike Investment Corp. (NASDAQ: SSIC) (“Silver Spike”) today announced it has co-led a senior secured term loan of up to $170 million to Shryne Group Inc. (“Shryne”). Shryne cultivates, manufactures, distributes and retails branded cannabis products at scale, and owns and operates award-winning brands, including Stiiizy, the #1 brand in California and the #3 brand nationally, according to BDS Analytics. “We are excited to support Shryne’s growth plans and strategic vision of bringing high quality and innovative products to cannabis consumers across multiple states,” said Frank Kotsen, Silver Spike Capital’s Head of Credit. “This substantial financial commitment from Silver Spike and other syndicate members, among the largest ever debt facilities provided to a private cannabis...

Quorum Announces Senior Leadership Changes

Written by Customer Service on June 2, 2022. Posted in Public Companies.

CALGARY, Alberta, June 02, 2022 (GLOBE NEWSWIRE) — Quorum Information Technologies Inc. (QIS: TSXV) (“Quorum” or the “Company”), a SaaS software and services company that provides essential software that vehicle dealerships rely on for operations throughout North America, is pleased to announce the appointment of Bruce Atkinson as Vice President Operations, starting June 6th, 2022. Quorum is also announcing the resignation of Mike Herenberg, Chief Operating Officer, effective June 30th, 2022. Bruce will be replacing Mike and will join the executive leadership team, reporting to the President and CEO. Bruce will be responsible for Quorum’s implementation and training, support, continuous improvement, and customer success teams as well as the Business Development Centre. “I am delighted to be welcoming Bruce to Quorum,” said Maury...

D-BOX Technologies Reports Fourth Quarter and Fiscal 2022 Results

Written by Customer Service on June 2, 2022. Posted in Earnings Releases And Operating Results.

Delivers 92% year-over-year revenue growth and positive adjusted EBITDA Q4 2022 Total revenues increased 137% year-over-year to $7.0 million Revenues related to systems sales improved 105% year-over-year to $5.4 million Rights for use, rental and maintenance revenues grew four-fold to $1.6 million Net income totaled $0.2 million compared to a $2.5 million net loss for the fourth quarter of 2021 Adjusted EBITDA* amounted to $1.0 million compared to negative $1.6 million for the same period in 2021 Fiscal 2022 Total revenues increased 92% year-over-year to $21.3 million Revenues related to systems sales improved 54% year-over-year to $15.7 million Rights for use, rental and maintenance revenues grew 530% year-over-year to $5.6 million Net loss totaled $1.9 million compared to $6.2 million in 2021 Adjusted EBITDA* amounted to $0.9 million...

Diversified Royalty Corp. Announces June 2022 Cash Dividend and Annual General Meeting Details

Written by Customer Service on June 2, 2022. Posted in Dividend Reports And Estimates.

VANCOUVER, British Columbia, June 02, 2022 (GLOBE NEWSWIRE) — Diversified Royalty Corp. (TSX: DIV; DIV.DB and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce that its board of directors has approved a cash dividend of $0.01833 per common share for the period of June 1, 2022 to June 30, 2022, which is equal to $0.22 per common share on an annualized basis. The dividend will be paid on June 30, 2022 to shareholders of record as of the close of business on June 15, 2022. Annual General Meeting The Corporation will be holding its Annual General Meeting of shareholders at 9:00 am (Pacific time) on Tuesday, June 28, 2022 (the “Meeting”). The Meeting will be held at the offices of Farris LLP, located at the 25th floor of 700 West Georgia Street, Vancouver, British Columbia. The Corporation sent the materials for the Meeting...

Five Boralex Solar Farms Totaling 540 MW of Electric Generation and 77 MW of Storage Selected Under a Request for Proposals in New York State

Written by Customer Service on June 2, 2022. Posted in Public Companies.

Projects will provide more than 1 TWh of clean, sustainable electricity annually and include Boralex’s first storage project in the US Projects Map Map of the projects included in this announcement. MONTRÉAL, June 02, 2022 (GLOBE NEWSWIRE) — Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) announced today five solar farms totaling 540 megawatts (MW) of generation and 77 MW of storage have been selected by the New York State Energy Research and Development Authority (NYSERDA) as part of its 2021 solicitation for utility-scale renewable energy certificates. Once constructed, the solar farms will generate more than 1 TWh of solar electricity annually, enough to power more than 141,200 homes annually. The selected photovoltaic solar electricity generation projects will be located across upstate New York: Fort Covington Solar...

EarthRenew Announces Marketed Public Offering of Units

Written by Customer Service on June 2, 2022. Posted in Public Companies.

/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES/ CALGARY, Alberta, June 02, 2022 (GLOBE NEWSWIRE) — EarthRenew Inc. (CSE: ERTH) (OTCQB: VVIVF) (“EarthRenew” or the “Company“), owner of leading regenerative fertilizer producer Replenish Nutrients, is pleased to announce that it has filed a preliminary short-form prospectus with the securities regulatory authorities in all provinces of Canada (except Québec) in connection with a marketed public offering (the “Offering”) of 32,000,000 units of the Company (the “Units”) at a price of $0.25 per Unit (the “Issue Price”) for gross proceeds of $8.0 million. Each Unit will be comprised of one common share of the Company (a “Unit Share”) and one common share purchase warrant...

Sprague Resources Announces Agreement to be Acquired by Hartree Partners

Written by Customer Service on June 2, 2022. Posted in Mergers And Acquisitions.

PORTSMOUTH, N.H., June 02, 2022 (GLOBE NEWSWIRE) — Sprague Resources LP (“Sprague”) (NYSE: SRLP) today announced that it has entered into a definitive agreement and plan of merger (the “Agreement”) pursuant to which an affiliate of Hartree Partners, LP (“Hartree”) will acquire all of the outstanding common units of Sprague not already owned by Hartree and its affiliates (the “Common Units”). The Agreement follows the offer made by Hartree on January 11, 2022 to acquire the Common Units. The Agreement provides for an all-cash transaction, whereby each holder of the Common Units will receive $19.00 per common unit owned, representing a 27.3% premium to the closing price of the common units on January 10, 2022, the day prior to Hartree’s offer, and an 18.9% premium to the closing price of the common units as of June 1, 2022. The Board...

Quanex Building Products Announces Second Quarter 2022 Results and Increases Full Year 2022 Guidance

Written by Customer Service on June 2, 2022. Posted in Earnings Releases And Operating Results.

Record Revenue and Earnings in 2Q22 Strong Revenue Growth Continues Across All Operating Segments Balance Sheet & Liquidity Remain Strong HOUSTON, June 02, 2022 (GLOBE NEWSWIRE) — Quanex Building Products Corporation (NYSE:NX) (“Quanex” or the “Company”) today announced its results for the three months ended April 30, 2022. The Company reported the following selected financial results: QUANEX BUILDING PRODUCTS CORPORATION Q2 2022 Earnings Release Three Months Ended April 30, Six Months Ended April 30, ($ in millions, except per share data) 2022 2021 2022 2021 Net Sales $322.9 $270.4 $589.9 $500.5 Gross Margin $73.2 $61.9 $128.4 $115.6 Gross Margin % 22.7% 22.9% 21.8% 23.1% Net Income $26.5 $14.6 $37.8 $22.4 Diluted...

CooperCompanies Announces Second Quarter 2022 Results

Written by Customer Service on June 2, 2022. Posted in Earnings Releases And Operating Results.

SAN RAMON, Calif., June 02, 2022 (GLOBE NEWSWIRE) — CooperCompanies (NYSE: COO) today announced financial results for its fiscal second quarter ended April 30, 2022. Revenue increased 15% year-over-year to $829.8 million. CooperVision (CVI) revenue up 6% to $553.8 million, and CooperSurgical (CSI) revenue up 40% to $276.0 million. GAAP diluted earnings per share $2.55, up $0.19 from last year’s second quarter. Non-GAAP diluted earnings per share $3.24, down $0.14 or 4% from last year’s second quarter. See “Reconciliation of Selected GAAP Results to Non-GAAP Results” below. Commenting on the results, Al White, Cooper’s President and CEO said, “CooperVision and CooperSurgical both posted strong revenue growth, gained share, and are continuing to see strong momentum. I am very encouraged by our...

JOANN Announces First Quarter Fiscal 2023 Results

Written by Customer Service on June 2, 2022. Posted in Earnings Releases And Operating Results.

The company continues to navigate challenged supply chains and inflationary environment First quarter sales totaled $498 million for a total comparable sales decline of 12.9% (following a 15.0% increase in the first quarter last year) First quarter gross margin of 48.3% was impacted by 580 bps of excess import supply chain costs. Gross margin for the quarter improved by 140 bps on an adjusted basis HUDSON, Ohio, June 02, 2022 (GLOBE NEWSWIRE) — JOANN Inc. (NASDAQ: JOAN) (“JOANN”), the nation’s category leader in sewing and one of the fastest growing competitors in the arts and crafts category, today reported results for its first quarter ending April 30, 2022. “Against a difficult operating environment for the retail industry during the latest quarter, our merchandising and store level execution was extremely resilient,” noted...

Day: June 2, 2022

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