Month: April 2023

Iris Energy provides 5.5 EH/s installation update

Written by Customer Service on April 3, 2023. Posted in Public Companies.

Iris Energy provides 5.5 EH/s installation update 2.8 EH/s operating, 2.0 EH/s delivered, 0.7 EH/s in transit Additional share acquisition by director SYDNEY, Australia, April 03, 2023 (GLOBE NEWSWIRE) — Iris Energy Limited (NASDAQ: IREN) (together with its subsidiaries, “Iris Energy”, “the Company” or “the Group”), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, today provided an update on the installation of its 5.5 EH/s of operating capacity. 5.5 EH/s installation update Iris Energy is pleased to advise that it has increased its operating hashrate from 2.0 EH/s to a current level of 2.8 EH/s (as part of the Company’s recently announced increase in self-mining capacity to 5.5 EH/s). An additional 2.0 EH/s of miners have been delivered and are...

Windtree Therapeutics Reports Fourth Quarter and Year-End 2022 Financial Results and Provides Key Business Updates

Written by Customer Service on April 3, 2023. Posted in Earnings Releases And Operating Results.

WARRINGTON, Pa., April 03, 2023 (GLOBE NEWSWIRE) — Windtree Therapeutics, Inc. (NasdaqCM: WINT), a biotechnology company focused on advancing multiple late-stage interventions for cardiovascular disorders, today reported financial results for the fourth quarter and fiscal year ended December 31, 2022 and provided key business updates. “We continued to advance our cardiovascular platform during the fourth quarter of 2022 and early 2023 with study start up preparations for the istaroxime SEISMiC extension study in early cardiogenic shock, new patent issuances for istaroxime, new publications, and data presentations at scientific conferences,” said Craig Fraser, President and Chief Executive Officer of Windtree. “We believe all these activities reflect the quality of the science, data, and opportunity with istaroxime and our next...

Salona Global Closes the Biodex Acquisition, Adding $26 Million in Projected Annual Revenue; Posts Audited Year-End Financial Statements with 167% Revenue Growth

Written by Customer Service on April 3, 2023. Posted in Earnings Releases And Operating Results.

SAN DIEGO, April 03, 2023 (GLOBE NEWSWIRE) — Salona Global Medical Device Corporation (“Salona Global”, “SGMD” or the ‎‎“Company”) (TSXV:SGMD) today announced it has closed the acquisition of all of the capital stock of Biodex Medical Systems, Inc., which consists principally of the Biodex Physical Medicine (Rehabilitation) business (“Biodex”), expected to add $26 million in annual revenue to the Company, with an estimated 30% gross margin. The Company also posted its audited year-end financial statements for the ten month transition period ended December 31, 2022, with a total of $33.6 million in revenue with 31.4% gross margins for the period. As previously announced, the Company changed its fiscal year from a February 28 year-end to a December 31 year-end, thereby creating this initial ten month transition period. With the addition...

AIM ImmunoTech Reports Fourth Quarter and Full Year 2022 Financial Results and Provides Corporate Update

Written by Customer Service on April 3, 2023. Posted in Earnings Releases And Operating Results.

– Company continues to execute across development pipeline of high-value indications with 12 active clinical programs – Well-positioned to achieve multiple near-term, value-driving milestones – Company to host inaugural conference call and webcast today at 8:30 AM ET OCALA, Fla., April 03, 2023 (GLOBE NEWSWIRE) — AIM ImmunoTech Inc. (NYSE American: AIM) (“AIM” or the “Company”), an immuno-pharma company focused on the research and development of therapeutics to treat multiple types of cancers, immune disorders and viral diseases, today reported its financial results for the fourth quarter and full year 2022 and provided a business update. As previously announced, the Company will host its inaugural conference call and audio webcast, today, Monday, April 3, 2023, at 8:30 AM ET (details below). “2022 was a year marked by continued...

Teck Board of Directors Rejects Unsolicited Acquisition Proposal

Written by Customer Service on April 3, 2023. Posted in Public Companies.

Board determines unsolicited proposal is not in the best interest of TeckTeck’s Board affirms it is not contemplating a sale of the company at this time Planned Separation unlocks a broader range of strategic opportunities Unsolicited proposal carries high degree of execution and timing risk Teck’s Board continues to recommend shareholders vote in favour of proposed Separation and Dual Class AmendmentVANCOUVER, British Columbia, April 03, 2023 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced that the Board of Directors of Teck has received and unanimously rejected an unsolicited and opportunistic acquisition proposal from Glencore plc, which would see that company acquire Teck and subsequently separate to create two businesses, which would expose Teck shareholders to thermal...

Liquidia and GSK Restructure License to PRINT Technology for Inhaled Applications

Written by Customer Service on April 3, 2023. Posted in Public Companies.

New agreement supersedes the collaboration agreement entered in 2012 GSK retains non-exclusive right to use PRINT for pre-clinical research for inhaled delivery Liquidia can apply PRINT to any inhaled application other than identified GSK proprietary moleculesMORRISVILLE, N.C., April 03, 2023 (GLOBE NEWSWIRE) — Liquidia Corporation (NASDAQ: LQDA) (Liquidia or the Company) announced today that it has entered a new, non-exclusive license agreement with GSK to enable pre-clinical research of inhaled formulations of GSK’s molecules based upon Liquidia’s proprietary PRINT® technology. This agreement supersedes the collaboration agreement between the parties from 2012. Liquidia now will have the right to apply PRINT to all inhaled formulations other than certain identified GSK proprietary molecules. GSK will retain a non-exclusive,...

Brown & Brown, Inc. announces the acquisition of Highcourt Breckles Group

Written by Customer Service on April 3, 2023. Posted in Mergers And Acquisitions.

DAYTONA BEACH, Fla., April 03, 2023 (GLOBE NEWSWIRE) — J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Mark R. McKay and Chris Coniglio announce that Brown & Brown has completed the acquisition of Highcourt Partners Limited and its subsidiaries eUnderwriters and CLIS. Highcourt Partners Limited was founded in 2011 as an entrepreneurial international insurance brokerage and risk consulting firm. On April 7th, 2021, Highcourt Partners Limited transformed into the Highcourt Breckles Group (HBG) when it merged with the Breckles Group, a Toronto-based agency with a 70 year history of providing insurance solutions for its customers. HBG’s purpose is to help Canadian businesses be more competitive and assist individuals in preserving their wealth wherever they may be. They have consistently...

Rubicon Organics Reports Fourth Quarter and Full Year 2022 Financial Results

Written by Customer Service on April 3, 2023. Posted in Earnings Releases And Operating Results.

Achieved Adjusted EBITDA1 of $1.9 million for the year ended December 31, 2022 57% net revenue growth to $35.5 million in 2022 compared to 2021 Achieved operating cash flow of $2.0 million for the year ended December 31, 2022 6.3%2 national market share of premium flower and pre-rolls in 2022VANCOUVER, British Columbia, April 03, 2023 (GLOBE NEWSWIRE) — Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics”, “Rubicon”, or the “Company”), a licensed producer focused on cultivating and selling organic certified, premium cannabis, today reported its financial results for the fourth quarter and year ended December 31, 2022 (“Q4 2022”). All amounts are expressed in Canadian dollars. “Rubicon Organics has achieved significant financial milestones in a fiercely competitive environment, delivering Adjusted EBITDA profitability...

Titan Reports 2022 Record Year in Production and Cash Flow

Written by Customer Service on April 3, 2023. Posted in Earnings Releases And Operating Results.

VANCOUVER, British Columbia, April 03, 2023 (GLOBE NEWSWIRE) — Titan Mining Corporation (TSX: TI) (“Titan” or the “Company“) announces the results for the year ended December 31, 2022. (All amounts are in U.S. dollars unless otherwise stated) Don Taylor, President and Chief Executive Officer of Titan, commented, “Titan finished 2022 with a strong fourth quarter in both safety and production. Costs and grade returned to budgeted levels during the quarter which helped deliver a record 52.2 million payable zinc pounds produced at ESM. The decision to move forward with construction/development at Sphaleros will increase production in the fourth quarter of 2023 and increasingly benefit productivity at the mines as ramp up continues into 2024.” FY 2022 HIGHLIGHTS:Record zinc production of 52.5 million payable pounds, a...

Summit Financial Group, Inc. Completes Acquisition of PSB Holding Corp. and Subsidiary, Provident State Bank

Written by Customer Service on April 3, 2023. Posted in Mergers And Acquisitions.

MOOREFIELD, W.Va., April 03, 2023 (GLOBE NEWSWIRE) — Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) announces completion, effective April 1, 2023, of the acquisition of PSB Holding Corp. and its subsidiary, Provident State Bank, Inc., headquartered in Preston, Maryland. The former Provident State Bank offices will continue to operate under that name until late-September 2023, after which they will operate under the name Summit Community Bank. About Summit Summit Financial Group, Inc. is the $4.5 billion financial holding company for Summit Community Bank, Inc. Its talented bankers serve commercial and individual clients throughout West Virginia, the Washington, D.C. metropolitan area, Virginia, Kentucky, Eastern Shore of Maryland and Delaware. Summit’s focus on in-market commercial lending and providing other business banking...

Month: April 2023

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