Day: August 2, 2022

Red White & Bloom Reports Fourth Quarter, Full Year 2021 and First Quarter 2022 Financial Results

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

Full year 2021 revenue increased 193% to CDN $37.3 million, vs CDN $19.3 million in 20201 Record quarterly revenue for Q1 2022 of CDN $28 million with Gross Margin excluding biological assets of $11.3 million1 Gross Margin of CDN $23.2 million in fiscal 2021 vs Gross Margin of CDN $12.9 million in fiscal 20211 Adjusted EBITDA loss of $10.3 million for Full Year 2021 and Adjusted EBIDTA gain of 360 Thousand for First Quarter 20211TORONTO, Aug. 02, 2022 (GLOBE NEWSWIRE) — Red White & Bloom Brands Inc. (CSE: RWB and OTC: RWBYF) (“RWB” or the “Company”) is pleased to report it has filed its 2021 audited financial statements, its 2022 first quarter financial statements and related 2021 and 2022 first quarter Management’s Discussion and Analysis and is providing certain full year 2021 and Q1, 2022 financial results and...

AgEagle Satisfies in Full All Payment Obligations for 2021 Acquisitions of MicaSense and senseFly at a 50% Discount

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

WICHITA, Kan., Aug. 02, 2022 (GLOBE NEWSWIRE) — AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of full-stack drone, sensor and software solutions for commercial and government/defense use, today announced that pursuant to certain waiver agreements dated as of July 22, 2022, the Company has made final holdback payments in full satisfaction of its payment obligations for the 2021 acquisitions of MicaSense, senseFly, SA and senseFly, Inc. in an effort to strengthen its balance sheet and properly position the Company for strategic growth opportunities. Commenting on the debt negotiation, Barrett Mooney, Chairman and CEO said, “Thanks to our institutional shareholders who have continued to support our capital raising efforts, and in light of the tightening capital markets,...

PEF Advisors Acquires Oaks at Olde Towne in Gaithersburg Montgomery

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

IRVINE, Calif., Aug. 02, 2022 (GLOBE NEWSWIRE) — Preservation Equity Fund Advisors, LLC (PEF Advisors), a real estate private equity group focused on preserving existing affordable housing in high-cost markets, announced its acquisition of Oaks at Olde Towne in Gaithersburg, Montgomery County, Md. Within 40 minutes of the District of Columbia, The Oaks at Olde Towne is one four-story building of 72 units of affordable housing for seniors. The unit mix includes 47 one-bedroom units and 25 two-bedroom units. Affordable set-asides for the property include 98% of the units at 50% area median income (AMI). The project is 98.6% occupied (as of September 21, 2021) and includes a leasing office, business center, library, fitness room, television room and four laundry rooms. Parking consists of 22 open spaces with an additional 14 open...

Bastion Elevate, IMW Agency Merge to Create Leading Integrated Marketing Firm in Southern California

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

Lead by CEO Christopher Bretschger, the newly rebranded Bastion Amplify offers expertise in P.R., media buying, design, social media and experiential marketing ORANGE COUNTY, Calif., Aug. 02, 2022 (GLOBE NEWSWIRE) — In a move designed to provide the highest level of customer service, two leading Southern California-based marketing companies, Bastion Elevate and IMW Agency, have merged to create a new type of full-service firm that provides clients with a broad spectrum of services all managed under one roof with a single point of contact. The combined entity, rebranded as Bastion Amplify, will be headed by CEO Chris Bretschger, the former president of IMW Agency. Former Bastion Elevate president, Shana Starr, will serve as president of Bastion Amplify. The terms of the deal were not disclosed. “It is a tremendous honor to take...

UFP Technologies Announces Record Q2 Results

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

NEWBURYPORT, Mass., Aug. 02, 2022 (GLOBE NEWSWIRE) — UFP Technologies, Inc. (Nasdaq: UFPT), an innovative designer and custom manufacturer of components, subassemblies, products, and packaging primarily for the medical market, today reported net income of $8.9 million or $1.17 per diluted common share outstanding for its second quarter ended June 30, 2022, compared to net income of $4.7 million or $0.62 per diluted common share outstanding for the same quarter in 2021. Sales for the second quarter were $94.3 million compared to sales of $50.7 million in the second quarter of 2021. Net income for the six-month period ended June 30, 2022 was $13.8 million or $1.81 per diluted common share outstanding compared to $8.9 million or $1.17 per diluted common share outstanding for the same period in 2021. Sales for the six-month period...

OceanPal Inc. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2022; Declares a Cash Dividend of $0.01 Per Share

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

ATHENS, Greece, Aug. 02, 2022 (GLOBE NEWSWIRE) — OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today reported net income of $648 thousand and net income attributed to common stockholders of $157 thousand for the second quarter of 2022. Time charter revenues for the same period were $4.6 million. Net income for the six months ended June 30, 2022 amounted to $1.1 million and net loss attributed to common stockholders amounted to $277 thousand. Time charter revenues for the same period were $8.3 million. Dividend Declaration The Company declared a cash dividend on its common stock of $0.01 per share for the second quarter ended June 30, 2022. The cash dividend will be payable on or about August 31, 2022 to all common shareholders of record as of August 12, 2022. The...

GGTOOR, Inc. (OTCMKTS:GTOR) Announces Management Report for the Week Ended July 30, 2022

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

THOMASVILLE, GA, Aug. 02, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — GGTOOR, Inc. (OTCMKTS:GTOR) (“GGTOOR, Inc.”, “GTOR”, or the “Company”), an emerging leader in the eSports markets, announces this week, the Company crowned champions in tournaments for six different games. Among them were Rocket League working with a new Tournament Organizer, which helped the event draw 55% more player registrations than the prior event. As the month draws to a close, the Company’s Discord continues to see steady growth as well, with net membership continuing to climb – now approaching the 24,000-member mark! This week’s Smash Ultimate event was a spectacle to behold! With JaZaR busy at his first Super Major, the field was wide open for a new champion to claim the crown! The Company saw many veterans of the series, who have often fallen...

Capital Power announces a 6% dividend increase for its common shares and declares dividends for its Preference shares

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

EDMONTON, Alberta, Aug. 02, 2022 (GLOBE NEWSWIRE) — The Board of Directors for Capital Power Corporation (TSX: CPX) (Capital Power) declared a dividend of $0.58 per share on the outstanding common shares for the quarter ending September 30, 2022. The dividend is payable on October 31, 2022 to shareholders of record at the close of business on September 30, 2022. The quarterly dividend of $0.58 per common share compared to the previous $0.5475 dividend represents a 6% increase, and an annualized dividend of $2.32 per common share. The Board of Directors also declared the following dividends on its Cumulative Rate Reset Preference Shares:Shares TSX Stock Symbol Dividend Per Share Record Date Payment DateSeries 1 CPX.PR.A $0.1638125 September 19, 2022 September 30, 2022Series 3 CPX.PR.C $0.3408125 September 19, 2022 September...

Converge Technology Solutions Corp. Completes Acquisition of PC Specialists, Inc. d/b/a Technology Integration Group

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

TORONTO and GATINEAU, Quebec, Aug. 02, 2022 (GLOBE NEWSWIRE) — Converge Technology Solutions Corp. (“Converge” or “the Company”) (TSX:CTS) (FSE:0ZB) (OTCQX:CTSDF) a software-enabled IT & Cloud Solutions provider, is pleased to announce the closing of its previously signed acquisition of PC Specialists, Inc. d/b/a Technology Integration Group (“TIG”). Converge announced the signing of the acquisition of TIG on May 19, 2022. Headquartered in San Diego, CA with 20 offices across North America, TIG specializes in optimized performance solutions and critical business support. From software and hardware procurement to discovery assessments, strategic planning, deployment, data center optimization, IT asset management and cloud computing, TIG offers custom-built IT solutions for clients around the globe, with a major presence in...

NYI Expands 60 Hudson Street Operations

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

The acquisition of the Equinix NY8 facility brings additional datacenter capacity and cost-effective access to a broad carrier ecosystem in New York City60 Hudson Street, New York City A global interconnection hubNEW YORK, Aug. 02, 2022 (GLOBE NEWSWIRE) — NYI, a leading provider of hybrid infrastructure solutions and managed services, has expanded its 60 Hudson Street operations through the addition of space formerly occupied by Equinix. The expansion is the result of a joint venture with QTD Systems, who acquired the Equinix space in a transaction that closed on August 1, 2022. With this integration, NYI doubles its datacenter footprint and immediately expands the carrier ecosystem available to customers. The expansion also includes significant additional conduit infrastructure and access to POE’s which will provide for unmatched...

Day: August 2, 2022

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