Year: 2022

NEW YORK, Oct. 14, 2022 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Southern Energy Corp. (“Southern”) (TSX-V: SOU; AIM: SOUC; OTCQX: SOUTF), a natural gas exploration and production company, has qualified to trade on the OTCQX® Best Market. Southern Energy Corp. upgraded to OTCQX from the Pink® market. Southern Energy Corp. begins trading today on OTCQX under the symbol “SOUTF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable...

GREENWICH, Conn., Oct. 14, 2022 (GLOBE NEWSWIRE) — XPO Logistics, Inc. (NYSE: XPO), a leading provider of freight transportation services, today announced that Jason Kerr will become chief accounting officer of RXO, the planned spin-off of XPO’s brokered transportation platform. Kerr has joined XPO as chief accounting officer for the North American transportation division, effective immediately. Hereports to Jamie Harris, who, as previously announced, will be chief financial officer of RXO, and currently serves as chief financial officer, North American transportation. Harris said, “Jason has a history of helping to bolster shareholder value by collaborating with functional leaders. He also brings deep analytical capabilities to our team. We have a robust finance organization in place to support RXO in unlocking its full potential...

As part of the Project Blue Ocean drive to return to positive Adjusted EBITDA (1) and achieve long term profitable growth, Goodfood will be focusing its strategy on growing its brand through its weekly meal plans and add-ons while transitioning out of Goodfood On-Demand in order to maximize Adjusted EBITDA (1) and cash flowBased on Management’s preliminary assessment, Blue-Ocean initiatives are expected to result in a non-cash impairment charge in the range of $45 to $50 million in the fourth quarter, primarily driven by asset consolidation and Micro-Fulfillment Center (MFC) closures in Montreal and Toronto which will drive gross margin and selling, general and administrative cost improvements Net sales in the fourth quarter ending September 3rd are expected to be in the range of $50 to $51 million with an expected Adjusted EBITDA (1)...

VANCOUVER, British Columbia, Oct. 14, 2022 (GLOBE NEWSWIRE) — Algernon Pharmaceuticals Inc. (the “Company” or “Algernon”) (CSE: AGN) (FRANKFURT: AGW0) (OTCQB: AGNPF) a clinical stage Canadian pharmaceutical development company, is pleased to announce that Dr. Rick Strassman, author of the book DMT: The Spirit Molecule and Algernon consultant, will be joining CEO Christopher J. Moreau for the Science Keynote Address at Wonderland, the world-leading event in the psychedelic medicine industry. The Keynote Address will review the positive preclinical science and data driving the Company’s pioneering Phase 1 clinical study of DMT for the treatment of stroke and will take place on November 5th, 2:00pm EST at the Mana Wynwood Convention Centre. Algernon recently announced that it became the Headline Sponsor for the Wonderland conference...

NEW YORK, Oct. 14, 2022 (GLOBE NEWSWIRE) — Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold”, or the “Company”) today provided an update on its previously announced agreement with NYDIG ABL LLC (“NYDIG”) and the Provident Bank (“BankProv”), to eliminate approximately $67 million in principal amount of debt outstanding (the “Debt”) under equipment financing agreements. Separately, the Company also announced its recent mutual termination and settlement of its data center hosting agreement. The Company believes that the settlement is materially beneficial to cash flow generation and operational flexibility. Stronghold has posted an investor presentation to its Investor Relations website to supplement this press release, which can be found in the Events and Presentations section. NYDIG Equipment Financing Update As previously...

LOS ANGELES, Oct. 14, 2022 (GLOBE NEWSWIRE) — Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (NASDAQ:EGLX; TSX:EGLX), will moderate a panel discussion at Advertising Week New York on Thursday, October 20, 2022, Gaming’s Creator Economy: Marketers’ Gateway to the Metaverse and Web 3.0, led by Chief Revenue Officer, Bill Drolet. With gaming at the epicenter of the new creator economy, Enthusiast Gaming, an integrated gaming entertainment company, is ideally positioned to lead the discussion on how brands and content creators are making an impact through gaming. To date, Enthusiast Gaming has developed content creator activation strategies for leading brands such as State Farm Insurance, Lego, Universal Pictures, Adidas, and most recently, the NFL, to connect with Gen Z and Millennial consumers. As creator...

CHICAGO, Oct. 14, 2022 (GLOBE NEWSWIRE) — Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced it has terminated the arrangement agreement (the “Arrangement Agreement”), dated January 31, 2022, by Verano and Goodness Growth Holdings Inc. (“GGH”), pursuant to which the Company would have acquired GGH. A copy of the Arrangement Agreement was included as Exhibit 10.13 to the Company’s registration statement on Form 10 initially filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 26, 2022, and amended on June 17, 2022, August 19, 2022, and September 8, 2022. All descriptions of the Arrangement Agreement herein do not purport to be complete and are qualified in their entirety by the terms and conditions of the full text of the Arrangement...

NEW YORK, Oct. 14, 2022 (GLOBE NEWSWIRE) — SportsTek Acquisition Corp. (Nasdaq: SPTK, SPTKU, and SPTKW), a Delaware corporation (“SportsTek” or the “Company”), announced today that it has entered into a non-binding letter of intent with Metavisio (d/b/a Thomson Computing) (“Metavisio”), a French company specializing in building, marketing, and selling laptops, whose securities are listed on Euronext Growth in Paris, with respect to a proposed business combination transaction (the “Proposed Transaction”). The Proposed Transaction is based on an enterprise value of Metavisio of USD 140 million to USD 160 million; however, such valuation is subject to due diligence by the Company of Metavisio. The non-binding letter of intent provides for an exclusivity period for due diligence and the negotiation of a definitive agreement, which...