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Month: June 2022

California Water Service Receives CPUC Approval to Acquire Skylonda Mutual Water Company

SAN JOSE, Calif., June 02, 2022 (GLOBE NEWSWIRE) — California Water Service (Cal Water), the largest subsidiary of California Water Service Group (NYSE: CWT), received approval this week by the California Public Utilities Commission (CPUC) to acquire the water system assets of Skylonda Mutual Water Company. The purchase is subject to customary remaining closing conditions and expected to close later this year. Cal Water plans to provide water utility service to Skylonda’s 176 customer connections through its Bear Gulch District, which is adjacent to the Skylonda system. The Bear Gulch District currently serves about 60,900 people through 19,000 service connections in Portola Valley, Woodside, Atherton, and portions of Menlo Park, Redwood City, and San Mateo County. After the acquisition is completed, Cal Water intends to invest...

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Biomea Fusion to Participate in Jefferies Healthcare Conference

REDWOOD CITY, Calif., June 02, 2022 (GLOBE NEWSWIRE) — Biomea Fusion, Inc. (Nasdaq: BMEA), a clinical-stage biopharmaceutical company dedicated to discovering and developing novel covalent small molecules to treat and improve the lives of patients with genetically defined cancers and metabolic diseases, announced that Thomas Butler, Chief Executive Officer and Chairman of the Board, will participate in a fireside chat and meet with investors at the in-person Jefferies Healthcare Conference. The fireside chat will take place on Wednesday, June 8th at 2:30pm Eastern Time. A live webcast of the fireside chat can be accessed at https://investors.biomeafusion.com/ and will be available for 90 days following the presentation. About Biomea Fusion Biomea Fusion is a biopharmaceutical company focused on the discovery and development of...

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Verde Confirms Start Time for Annual Shareholders Meeting

BELO HORIZONTE, Brazil, June 02, 2022 (GLOBE NEWSWIRE) — Verde AgriTech Plc (TSX: “NPK”) (OTCQB: “AMHPF”) (the “Verde” or “Company”) announces that it has filed an Amended Notice of 2022 Annual General Meeting of Shareholders (the “Amended Notice”) in respect of its annual meeting of shareholders scheduled to be held on June 30, 2022 (the “Meeting”) in order to correct a typographical error regarding the time of the Meeting contained in the original Notice. The original Notice stated that the time of the Meeting was “10:00 a.m. (EDT)”. The correct time of the Meeting is “09:30 a.m. (EDT)”. The Amended Notice has been filed under the Company’s profile on SEDAR at www.sedar.com and is also available on the Company’s website at https://investor.verde.ag/sedar-fillings/. About Verde AgriTech Verde is an agricultural technology company...

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FuelPositive Files Non-Provisional Patent Application for Green Ammonia and Hydrogen Technology

TORONTO, June 02, 2022 (GLOBE NEWSWIRE) — FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) (“FuelPositive” or the “Company”) is pleased to announce that it has filed a U.S. Non-Provisional Patent Application for the Company’s “Modular Transportable Clean Hydrogen-Ammonia Maker” with the United States Patent and Trademark Office (U.S. non-provisional patent application serial number: 17/826641). The application claims priority out of FuelPositive’s U.S. Provisional Patent Application filed on June 7, 2021 and elaborates upon FuelPositive’s inventive concepts. FuelPositive has also filed a companion Patent Co-Operation Treaty (“PCT”) Patent Application preserving FuelPositive’s right to its proprietary invention in all 156 PCT member states. This PCT Patent Application also claims priority out of FuelPositive’s U.S. Provisional...

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Aleafia Health Announces Update Regarding Agreement to Amend Convertible Debentures and Equity Financing

Debentureholders representing approximately 61.4% of the Convertible Debentures outstanding have entered into Support Agreements1, including each member of the Steering Committee nominated by Debentureholders Company more than 90% towards achieving a minimum of 66 2/3% required to pass the Debenture Amendments Debentureholders of record as of May 24, 2022 who provide valid consent and voting instructions in favour of the Debenture Amendments may be eligible, subject to satisfaction of certain conditions, to receive a Consent Fee, payable through the issuance of New Debentures Distributing Solicitation Materials to Debentureholders today Coupled with the previously announced $5.6 million equity financing, the Debenture Amendments are expected to enable the Company to continue rapidly scaling into a top 10 Canadian LP2 while building high-margin...

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Tenaris Resolves U.S. Securities and Exchange Commission Investigation into Legacy Issue in Brazil; U.S. Department of Justice Closes Parallel Inquiry Without Taking Action

LUXEMBOURG, June 02, 2022 (GLOBE NEWSWIRE) — Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) has resolved a previously disclosed investigation by the U.S. Securities and Exchange Commission (“SEC”) into allegations of improper payments between 2008 and 2013 to a manager of the Brazilian state-owned energy company Petróleo Brasileiro S.A. (“Petrobras”) for the benefit of Tenaris’s Brazilian subsidiary Confab Industrial S.A. (“Confab”). The U.S. Department of Justice (“DOJ”) has informed Tenaris that it has closed its parallel inquiry into this matter without taking action. Tenaris voluntarily notified the SEC and DOJ of this matter in 2016 and believes the resolution with the SEC is in the best interest of the Company and its stakeholders. The Company cooperated fully with investigators, as the SEC noted in its...

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Enzo Biochem to Report Third Quarter 2022 Financial Results and Business Update on Thursday, June 9th

Conference Call and Webcast Scheduled for June 9, 2022, 4:30 pm ETNEW YORK, NY, June 02, 2022 (GLOBE NEWSWIRE) — Enzo Biochem, Inc. (NYSE:ENZ), a leading biosciences and diagnostics company, announced today that it will report third quarter 2022 financial results on Thursday, June 9, 2022, after the market close. The announcement will be followed by a live audio webcast and conference call at 4:30 pm Eastern Time. Thursday, June 9th  @ 4:30 pm ETDomestic:                    877-407-0792International:               201-689-8263Conference ID:           13730182 Webcast:                     Registration Link — Click Here About Enzo Biochem  Enzo Biochem is a pioneer in molecular diagnostics, leading the convergence of clinical laboratories, life sciences and intellectual property through the development of unique diagnostic...

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

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...

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Quorum Announces Senior Leadership Changes

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...

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D-BOX Technologies Reports Fourth Quarter and Fiscal 2022 Results

Delivers 92% year-over-year revenue growth and positive adjusted EBITDA Q4 2022Total 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 2021Fiscal 2022Total 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...

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