Month: March 2023

CALGARY, Alberta, March 08, 2023 (GLOBE NEWSWIRE) — Wilmington Capital Management Inc. (“Wilmington” or the “Corporation”) reported net income for the three months ended December 31, 2022 of $0.5 million or $0.04 per share compared to net income of $0.04 million or $0.00 per share for the same period in 2021. For the year ended December 31, 2022, the Corporation recognized net income of $2.8 million or $0.23 per share compared to a net loss of $0.5 million or ($0.04) per share for the previous year. OPERATIONS REVIEW – For the Year Ended December 31, 2022As at December 31, 2022, Wilmington had assets under management in its operating platforms of approximately $373 million ($93 million representing Wilmington’s share). A summary of the Corporation and the operations of its investees is set out below. MarinasMaple Leaf PartnershipsIn...

EDMONTON, Alberta, March 08, 2023 (GLOBE NEWSWIRE) — Melcor REIT (TSX: MR.UN) today announced results for the fourth quarter and year ended December 31, 2022. Annual rental revenue was steady at $74.11 million. Annual adjusted cash flow from operations (ACFO1) was down 13% to $17.87 million or $0.61 per unit as a result of higher spend on tenant incentives and direct leasing costs, as well as higher distributions on Class B LP units. ACFO better reflects our cash position and therefore our ability to pay distributions by excluding accretion expense, which is a non-cash item1. Andrew Melton, CEO of Melcor REIT commented: “The macro economic environment of 2022 was one of geopolitical conflict, rapidly rising interest rates and post-pandemic normalization. Despite this, and everything that has been thrown our way over the past...

CALGARY, Alberta, March 08, 2023 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce its financial and operating results for the three- and twelve-month periods ended December 31, 2022. All amounts herein are in United States dollars (“USD”) unless otherwise stated. “Reflecting on my second year at Parex, I am extremely proud of our team’s ability to deliver another year of record results. In 2022, we hit new corporate milestones, generating record cash flow, repurchasing 10% of the public float for the fourth consecutive year while materially increasing the regular dividend, and growing production per share by 23% year-over-year,” commented Imad Mohsen, President & Chief Executive Officer. “We have positioned the Company to deliver a step-change in capital...

FARGO, N.D., March 08, 2023 (GLOBE NEWSWIRE) — NI Holdings, Inc. (NASDAQ: NODK) announced today results for the year ended December 31, 2022. Summary of Year-End 2022 Results(All comparisons vs. year-end 2021, unless noted otherwise)Direct written premiums of $88.1 million, up 16.9% compared to prior year quarter and full year direct written premiums of $389.7 million, up 13.9% compared to prior year Direct written premium growth across all segments compared to prior year, led by Non-Standard Auto up 26.8%, Crop up 22.2% and Commercial up 15.3% Net earned premiums of $84.7 million, up 8.6% compared to prior year quarter and full year net earned premiums of $328.3 million up 9.6% compared to prior year Combined Ratio of 119.9% for full year 2022 versus 104.3% for prior year, driven by elevated loss costs as a result of higher...

Revenue in USD Revenue in USDAdjusted EBITDA & Operating Loss in USD Adjusted EBITDA & Operating LossNOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES HALIFAX, Nova Scotia, March 08, 2023 (GLOBE NEWSWIRE) — NOVA LEAP HEALTH CORP. (TSXV: NLH) (“Nova Leap” or “the Company”), a growing home health care organization, is pleased to announce the release of financial results for the year ended December 31, 2022. All amounts are in United States dollars unless otherwise specified. Nova Leap Fourth Quarter and Year End Financial Results Financial results for the three and twelve months ended December 31, 2022 include the following:2022 annual revenues of $28.205 million were the highest in the Company’s history and represents a 32.5% increase from 2021 revenues of $21.279 million; Q4...

Announced the start of production (“SOP”) for the FF 91 Futurist at the “FF ieFactory California” on track for the end of March 2023, subject to the timely receipt of the previously announced and committed $135.0 million. The new financing commitments also provide for delivery by the end of April 2023 contingent on timely receipt of funds and suppliers meeting supply chain requirements. $111.6 million of funds have been received towards SOP funding target since December 2022, with an incremental $38.4 to $58.4 million to be received. Formed non-binding strategic partnership with the City of Huanggang in Hubei Province, China to relocate FF’s Future China headquarters. Announced Product and Technology Generation 2.0 Program featuring 26 major new system and component upgrades. Company to host final launch event of the FF 91 Futurist on...

Fourth Quarter 2022 Revenue Totaled $12.2 Million, an increase of 35.7% Year-Over-Year Full Year 2022 Revenue Totaled $44.8 Million, an increase of 59.6% Year-Over-Year Fourth Quarter 2022 Net Income Attributable to Common Stockholders totaled $6.7 Million, Funds From Operations totaled $10.5 Million, and Adjusted Funds From Operations totaled $10.9 MillionFull Year 2022 Net Income Attributable to Common Stockholders totaled $22.0 Million, Funds From Operations totaled $35.2 Million, and Adjusted Funds From Operations totaled $38.7 Million Conference Call and Webcast Scheduled for March 9, 2023 at 10 a.m. Eastern Time NEW CANAAN, Conn., March 08, 2023 (GLOBE NEWSWIRE) — NewLake Capital Partners, Inc. (OCTQX: NLCP) (the “Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis operators, today...

Full year consumables revenue increased 20% driven by increased volumes and pricing initiatives Company expects 2023 revenue of approximately $106 million GREENWOOD VILLAGE, Colo., March 08, 2023 (GLOBE NEWSWIRE) — Advanced Emissions Solutions, Inc. (NASDAQ: ADES) (the “Company” or “ADES”), a leader in environmental solutions for power generation, industrial and municipal water purification markets, today filed its Annual Report on Form 10-K and reported financial results for the quarter and year December 31, 2022. Fourth Quarter HighlightsFourth quarter consumables revenue was $23.4 million compared to $23.2 million in the prior year. Full year consumables revenue increased 20% to $103.0 million. Fourth quarter net loss was $3.2 million compared to net income of $5.8 million in the prior year, which reflects...