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Year: 2023

Stran & Company Announces 42% Increase in Revenue and Reports Profitable Net Earnings for the Third Quarter of 2023

Conference call to be held today at 10:00 AM ET QUINCY, Mass., Nov. 06, 2023 (GLOBE NEWSWIRE) — Stran & Company, Inc. (“Stran” or the “Company”) (NASDAQ: SWAG) (NASDAQ: SWAGW), a leading outsourced marketing solutions provider that leverages its promotional products and loyalty incentive expertise, today provided a business update and reported financial results for the three months ended September 30, 2023. Andy Shape, President and Chief Executive Officer of Stran, commented, “Following our business growth initiatives, we generated a 42% increase in revenue to a record $19.3 million for the third quarter of 2023. At the same time, our gross profit increased by 50% to $6.4 million, with gross profit margin increasing to 33% compared to 31% for the same period last year, and we booked net earnings of...

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Bombardier’s Highly-Acclaimed Annual Safety Standdown Conference to Explore the Concept of “Integrity in Safety”

Free-to-attend industry-wide safety event promotes lifelong learning opportunities highlighting the latest safety knowledge available throughout the industry Wichita-based event set to bring over 400 aviation professionals together in person, and more than 1,000 more via webcast Essential free aviation training opportunities focus on fatigue risk management, integrity in the cockpit, expanding crew emergency response training, building a culture of excellence and much moreMONTRÉAL, Nov. 06, 2023 (GLOBE NEWSWIRE) — Bombardier’s industry-leading Safety Standdown, a ‘must-attend’ safety conference promoting invaluable lifelong learning opportunities, is set to run November 7-9 at the Hyatt Regency Hotel in Wichita, KS. The 27th edition of this comprehensive three-day conference features unique learning opportunities, dynamic workshops...

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Celcuity Inc. Schedules Release of Third Quarter 2023 Financial Results and Webcast/Conference Call

MINNEAPOLIS, Nov. 06, 2023 (GLOBE NEWSWIRE) — Celcuity Inc. (Nasdaq: CELC), a clinical-stage biotechnology company pursuing development of targeted therapies for oncology, today announced that it will release its financial results for the third quarter 2023 before the market opens on Monday, November 13, 2023. Management will host a webcast/teleconference the same day at 8:00 a.m. Eastern Time to discuss the results and provide a corporate update. Webcast and Conference Call Information   To participate in the teleconference, domestic callers should dial 1-877-407-0784 or1-201-689-8560. A live webcast presentation can also be accessed using this weblink: https://viavid.webcasts.com/starthere.jsp?ei=1639042&tp_key=7d2827005c. A replay of the webcast will be available on the Celcuity website following the live event.   About...

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AYR Wellness Announces Opening of Ohio Dispensaries in Woodmere and Goshen

MIAMI, Nov. 06, 2023 (GLOBE NEWSWIRE) — AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“AYR” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator (“MSO”), announced the opening of two Ohio retail locations in Woodmere and Goshen. The Woodmere store opens today and the Goshen store is expected to open later this week. “Ohio is one of the most promising cannabis markets in the country, with a growing medical program and adult-use legalization to appear on this week’s ballot referendum,” said David Goubert, President and CEO of AYR. “Via our support relationship with Twice the Wellness in Woodmere and Heaven Wellness in Goshen, we look forward to building a great relationship with customers and both local communities.” AYR has the future rights to ownership of both dispensaries, subject to regulatory...

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Brixton Metals Private Placement Over-Subscribed

Not for distribution to United States Newswire Services or for dissemination in the United States VANCOUVER, British Columbia, Nov. 06, 2023 (GLOBE NEWSWIRE) — Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce that, due to overwhelming interest, the Company’s non-brokered private placement previously announced on October 30, 2023 (the “Offering“) has been over-subscribed. The Offering will now consist of up to 12,100,000 units (“Units”), up to 49,652,994 national flow-through units (“NFT Units”) and up to 15,726,216 charity flow-through units (“Charity FT Units”), for total gross proceeds of up to $14,030,300. All other terms of the Offering remain unchanged. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument...

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Acumen Pharmaceuticals, Inc. and Halozyme Enter Global Collaboration and License Agreement to Develop Subcutaneous Formulation of ACU193 with ENHANZE® Technology

Expect to initiate Phase 1 development in mid-2024 to compare pharmacokinetics of subcutaneous form to intravenous form of ACU193 CHARLOTTESVILLE, VA. and INDIANAPOLIS, IN., Nov. 06, 2023 (GLOBE NEWSWIRE) —  Acumen Pharmaceuticals, Inc. (NASDAQ: ABOS) (“Acumen” or the “Company”), a clinical-stage biopharmaceutical company developing a novel therapeutic that targets toxic soluble amyloid beta oligomers (AβOs) for the treatment of Alzheimer’s disease (AD), today announced a global non-exclusive collaboration and license agreement with Halozyme Therapeutics Inc. (“Halozyme”). The collaboration will provide Acumen access to Halozyme’s ENHANZE® drug delivery technology, based on a recombinant human hyaluronidase PH20 enzyme (rHuPH20), for the development of a subcutaneous formulation of ACU193, the first clinical-stage AβO-targeting...

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Former Great Western Petroleum CEO and Energy Industry Veteran, Richard N. Frommer, Joins Prairie Operating Co. Advisory Board

HOUSTON, TX, Nov. 06, 2023 (GLOBE NEWSWIRE) — Prairie Operating Co. (OTCQB: CRKRD; the “Company” or “Prairie”) is pleased to announce that Richard N. Frommer, former Great Western Petroleum Chief Executive Officer and energy industry veteran, has joined its Advisory Board.  Mr. Frommer brings over four (4) decades of oil and gas industry experience to Prairie’s Advisory Board, having led and collaborated with board of directors and management teams across various regions, spanning from Canada to the Gulf Coast. Throughout his career, Mr. Frommer has demonstrated a successful track record of building and monetizing multiple billion-dollar oil and gas companies.  In addition, as the Chairman of the Trade Association for the Colorado Oil and Gas Association, Mr. Frommer was instrumental in shaping the regulatory framework for oil...

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InflaRx Announces First Patient Dosed in Phase III Trial with Vilobelimab in Pyoderma Gangrenosum

Multi-national, randomized, controlled adaptive Phase III study in ulcerative pyoderma gangrenosum (PG) initiated and first patient dosed in the U.S. PG is a rare and debilitating autoimmune skin disease characterized by painful ulcers that can rapidly progressJENA, Germany, Nov. 06, 2023 (GLOBE NEWSWIRE) — InflaRx N.V. (Nasdaq: IFRX), a biotechnology company pioneering anti-inflammatory therapeutics targeting the complement system, announced today that the first patient has been dosed in its Phase III study investigating the efficacy and safety of vilobelimab in ulcerative PG, a rare neutrophilic and inflammatory skin disease characterized by destructive, painful cutaneous ulcers. “We are pleased that the first patient has been dosed in the U.S. in our pivotal Phase III study with vilobelimab for the treatment of ulcerative...

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Avantax Reports Third Quarter 2023 Results

DALLAS, Nov. 06, 2023 (GLOBE NEWSWIRE) — Avantax, Inc. (NASDAQ: AVTA), a leading provider of technology-enabled, tax-intelligent financial solutions, today announced financial results for the third quarter ended September 30, 2023. Third Quarter Highlights and Recent DevelopmentsReported total revenue of $192.3 million for the third quarter. This represents an increase of 16.5% compared to the third quarter of the prior year. Continued to deliver net positive asset flows for the seventh consecutive quarter with approximately $673.0 million for the third quarter. Ended the third quarter with total client assets of $82.3 billion, $42.0 billion of which were advisory assets, representing 51.1% of total client assets. Added approximately $563.7 million of newly recruited assets during the third quarter. Ended the third quarter with...

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22nd Century Group (XXII) Reports Third Quarter 2023 Financial Results

Third quarter 2023 net revenue of $17.8 million Expanded VLN® availability to more than 4,550 stores in 19 states Proposed FDA menthol ban regulation now undergoing review at OMB GVB bulk ingredient volume of 49,000 kg shipped Initiated over $15 million in annualized operating cost reductions Reduced principal debt balances by $8.1 million in October 2023BUFFALO, N.Y., Nov. 06, 2023 (GLOBE NEWSWIRE) — 22nd Century Group, Inc. (Nasdaq: XXII), a leading biotechnology company focused on utilizing advanced plant technologies to improve health and wellness with reduced nicotine tobacco, hemp/cannabis and hops, today reported results for the third quarter ended September 30, 2023, and provided an update on recent business highlights. On September 5, 2023, the Company announced its intent to explore strategic alternatives, enlisting...

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