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Day: August 15, 2022

Avicanna Reports Q2 2022 Financial Statement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAWS TORONTO, Aug. 15, 2022 (GLOBE NEWSWIRE) — Avicanna Inc. (“Avicanna” or the “Company”) (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN), a commercial stage, international biopharmaceutical company focused on the commercialization of evidence-based, cannabinoid-based products, is pleased to announce the filing of its interim financial statements for the three-month period ending June 30, 2022 (“Q2 2022”). “We are pleased to report on our continued progress and global commercialization efforts where we primarily focused on, and achieved, growth of our four brands in the Canadian marketplace. We also pursued continuous optimization of our operations...

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PyroGenesis Announces Q2 2022 Results: Revenues $5.8M; Gross Margin 43%; Current Backlog of Signed and/or Awarded Contracts $35.3M

MONTREAL, Aug. 15, 2022 (GLOBE NEWSWIRE) — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), a high-tech company (hereinafter referred to as the “Company” or “PyroGenesis”), that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG), is pleased to announce today its financial and operational results for the second quarter ended June 30th, 2022. “We have posted Q2 2022 revenues of $5.8M,” said Mr. P. Peter Pascali, CEO and Chair of PyroGenesis. “Our backlog remains above $35M, a significant level and our pipeline continues to expand. Despite gross reported revenue continuing to be impacted by delayed client and contract decisions related to ongoing international and regional logistical and resourcing...

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Northview Fund Announces August Distribution

Not for distribution to U.S. newswire services or for dissemination in the United States. CALGARY, Alberta, Aug. 15, 2022 (GLOBE NEWSWIRE) — Northview Fund (the “Fund”) today announced its August 2022 cash distribution amounts on its outstanding Class A Units, Class C Units and Class F Units Class (collectively, the “Units”), payable on September 15, 2022 to holders of Units of record at August 31, 2022. The distribution amounts will be as follows:C$0.10476 per Class A Unit, representing approximately C$1.26 per Unit on an annualized basis;C$0.11056 per Class C Unit, representing approximately C$1.33 per Unit on an annualized basis;C$0.10807 per Class F Unit, representing approximately C$1.30 per Unit on an annualized basis;About Northview Fund The Fund is a “closed-end fund” established pursuant to a declaration of trust...

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CAPREIT Announces August 2022 Distribution

TORONTO, Aug. 15, 2022 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX – CAR.UN) announced today its August 2022 monthly distribution in the amount of $0.12083 per Unit (or $1.45 on an annualized basis). The August distribution will be payable on September 15, 2022 to Unitholders of record on August 31, 2022. CAPREIT is Canada’s largest publicly-traded provider of quality rental housing. CAPREIT currently owns or has interests in approximately 67,000 residential apartment suites, townhomes and manufactured housing community sites well-located across Canada and the Netherlands with approximately $18 billion of assets under management globally. Since its Initial Public Offering in May 1997, CAPREIT has grown monthly cash distributions per Unit by 103%. For more information about CAPREIT,...

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Peyto Exploration & Development Corp. Confirms Monthly Dividend for September 15, 2022

CALGARY, Alberta, Aug. 15, 2022 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (TSX: PEY) (“Peyto”) confirms that the monthly dividend with respect to August 2022 of $0.05 per common share is to be paid on September 15, 2022, for shareholders of record on August 31, 2022. The ex-dividend date for the August dividend is August 30, 2022. Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes. Shareholders and interested investors are encouraged to visit the Peyto website at www.peyto.com to learn more about what makes Peyto one of North America’s most exciting energy companies. The website also includes a monthly report, which discusses various topics chosen by the CEO and includes estimates of monthly capital expenditures and production. For further information...

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VERB Extends Year Over Year SaaS Revenue Growth Delivers On Promise To Reduce R&D Expenses – Cut by 57%

Q2 2022 SaaS Recurring Revenue Up 23% Over Q2 2021 Q2 2022 Gross Margin Up 23% Over Q2 2021 Successful MARKET.live launch and SHOPFEST in July 2022Second quarter 2022 SaaS recurring revenue up 23% over prior year comparable quarter Second quarter 2022 gross profit margin up 23% over prior year comparable quarter Second quarter 2022 Total Digital revenue up 19% over prior year comparable quarter SaaS recurring revenue now accounts for 91% of Total Digital revenue – up from 88% in Q2 2021 SaaS recurring revenue now accounts for 82% of total revenue – up from 67% in Q2 2021 Total Digital revenue accounts for 90% of total revenue – up from 76% in Q2 2021 R&D expense down 57% from prior year comparable quarter and 13% since Q1 2022 Modified EBITDA1 improvement by $2.2 million over Q2 2021NEWPORT BEACH, Calif. and LEHI, Utah, Aug....

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Gulf Resources Announces Results for the Second Quarter and Six Months Ended June 30, 2022

SHOUGUANG, China, Aug. 15, 2022 (GLOBE NEWSWIRE) — Gulf Resources, Inc. (Nasdaq: GURE) (“Gulf Resources”, “we,” or the “Company”), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced financial results for the six and three months ended June 30, 2022 Gulf Resources is pleased to report a second quarter with revenues up 41% and earnings per share of $0.37 despite the interruptions in production caused by COVID-19 circumstances, the overall weakness in the Chinese economy, the continuing fact that closures of bromine and crude salt factories No.2, No.8, and No.10 and the delay in opening the new chemical factory. Bromine pricing has continued to be strong, the average selling price in the quarter was $7,740. As COVID abates and the Chinese economy begins to...

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Advanced Emissions Solutions Reports Second Quarter 2022 Results

    Consumables revenue growth of 42% compared to the prior year Production volume at Red River plant above expectations for the quarter, demand remains very strong across end markets GREENWOOD VILLAGE, Colo., Aug. 15, 2022 (GLOBE NEWSWIRE) — Advanced Emissions Solutions, Inc. (NASDAQ: ADES) (the “Company” or “ADES”) today filed its Quarterly Report on Form 10-Q and reported financial results for the quarter ended June 30, 2022, including information about its equity investments in Tinuum Group, LLC and Tinuum Services, LLC (collectively “Tinuum”), of which ADES owns 42.5% and 50%, respectively. Second Quarter HighlightsProduction volume of activated carbon products at our Red River plant exceeded internal expectations. Second quarter consumables revenue was $24.7 million compared to $17.4...

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Treasure Global Inc Announces Closing of Upsized $9.2 Million Initial Public Offering, Nasdaq Listing, and Full Exercise of Underwriter’s Over-Allotment Option

NEW YORK, Aug. 15, 2022 (GLOBE NEWSWIRE) — Treasure Global Inc (Nasdaq: TGL) (“TGI”, or the “Company”), an innovative e-commerce platform providing seamless payment solutions and rewards programs, today announced the closing of its previously announced upsized initial public offering of 2,300,000 shares of its common stock, which included the full exercise of the underwriter’s over-allotment option, at a public offering price of $4.00 per share, for aggregate gross proceeds of approximately $9.2 million before deducting underwriting discounts, commissions, and other offering expenses. The Company’s common stock began trading on the Nasdaq Capital Market on August 11, 2022, under the symbol “TGL”. The Company intends to use the net proceeds from the offering primarily to increase its capitalization and financial flexibility, in...

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CinCor Pharma Announces Closing of Upsized Public Offering and Full Exercise of Option to Purchase Additional Shares

WALTHAM, Mass., Aug. 15, 2022 (GLOBE NEWSWIRE) — CinCor Pharma, Inc. (“CinCor”) (Nasdaq: CINC), a clinical-stage biopharmaceutical company focused on developing its lead clinical candidate, baxdrostat, for the treatment of hypertension and other cardio-renal diseases, today announced the closing of its previously announced upsized underwritten public offering consisting of an aggregate of 8,625,000 shares of common stock and pre-funded warrants. Specifically, the offering consisted of 6,025,000 shares of its common stock, including the exercise in full of the underwriters’ option to purchase 1,125,000 additional shares of common stock, and, to certain investors, pre-funded warrants to purchase 2,600,000 shares of its common stock. The public offering price of each share of common stock was $30.00 and the public offering price...

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