Day: April 18, 2024

Avicanna Announces Closing of Non-brokered Private Placement

Written by Customer Service on April 18, 2024. Posted in Public Companies.

TORONTO, April 18, 2024 (GLOBE NEWSWIRE) — Avicanna Inc. (“Avicanna” or the “Company”) (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN) a biopharmaceutical company focused on the development, manufacturing, and commercialization of plant-derived cannabinoid-based products is pleased to announce that it has closed a non-brokered private placement offering of 5,313,959 ‎‎units of the Company (the “Units”) at a price of $0.40 per Unit for aggregate gross proceeds of approximately of $2,125,000. “We are very grateful to have the continued confidence of our shareholders and to have completed this financing at a very exciting time for the Company. We are confident that this financing sets us on the path to deliver on our expansion and commercialization plans and to move towards achieving self-sufficiency during this year,” stated Aras Azadian,...

SurgePays to Participate in Water Tower Fireside Chat Series

Written by Customer Service on April 18, 2024. Posted in Public Companies.

Live Presentation on April 23, 2024, at 11:00am ET BARTLETT, Tenn., April 18, 2024 (GLOBE NEWSWIRE) — SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecom company focused on the underbanked and underserved, today announced that Chairman and CEO Brian Cox, will be participating in the Water Tower Research Fireside Chat Series on Tuesday, April 23, 2024, at 11:00am ET. This event is open access for all investors to participate. Topics will include:A review of LinkUp Mobile’s service offering relative to the existing competition. A discussion of LinkUp/Surge’s competitive advantages, particularly with respect to its unique and potentially disruptive distribution strategy. An analysis of the projected service unit economics and any near-, mid-, and long-term milestones/goals management has in place...

Blüm Holdings Releases 2023 Annual Report: Executive Summary

Written by Customer Service on April 18, 2024. Posted in Public Companies.

Executive Summary Highlights 18 Months of Transformation SANTA ANA, Calif., April 18, 2024 (GLOBE NEWSWIRE) — Blüm Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “we” or “us”), a cannabis company which through its subsidiaries has operations throughout California, is proud to announce the release of its “2023 Annual Report: Executive Summary”. “The Executive Summary encapsulates the transformative journey of Unrivaled Brands, Inc. over the past 18 months, characterized by a restructuring, and a focus on debt reduction and achieving operational efficiency,” said Sabas Carrillo, Chief Executive Officer of Blüm Holdings. “Despite the uncertainties of the past year, we have remained steadfast in our commitment to delivering value to our customers, employees, and shareholders, through resilience and dedication to our core values....

Glacier Bancorp, Inc. Announces Results For The Quarter And Period Ended March 31, 2024

Written by Customer Service on April 18, 2024. Posted in Earnings Releases And Operating Results.

1st Quarter 2024 Highlights:Net income was $32.6 million for the current quarter, a decrease of $21.7 million, or 40 percent, from the prior quarter net income of $54.3 million and a decrease of $28.6 million, or 47 percent, from the prior year first quarter net income of $61.2 million. The current quarter included a total of $13.3 million related to credit loss expense from the acquisition of Wheatland Bank, acquisition-related expense and increased expense from the Federal Deposit Insurance Corporation (“FDIC”) special assessment. The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter was 2.59 percent, an increase of 3 basis points from the prior quarter net interest margin of 2.56 percent. Interest income of $279 million in the current quarter increased $5.9 million, or 2 percent,...

Glacier Bancorp, Inc. Receives Regulatory Approval for Acquisition of Six Montana Branches From HTLF Bank

Written by Customer Service on April 18, 2024. Posted in Mergers And Acquisitions.

KALISPELL, Mont., April 18, 2024 (GLOBE NEWSWIRE) — Glacier Bancorp, Inc. (NYSE: GBCI) today announced that its banking subsidiary, Glacier Bank, has received all regulatory approvals required to complete its previously announced acquisition of six Montana branch locations of HTLF Bank (the “Branches”), the bank subsidiary of Heartland Financial USA, Inc. (NASDAQ: HTLF). The transaction is expected to be completed in July 2024, subject to customary closing conditions. The six branches Glacier Bank will acquire are:2615 King Ave. W, Billings, MT 2929 3rd Ave. N, Billings, MT 2901 W Main St., Bozeman, MT 115 E First Ave, Plentywood, MT 220 Main St., Stevensville, MT 101 E Legion St., Whitehall, MTAs of March 31, 2024, the Branches had approximately $463 million in local deposits and $296 million in loans. The transaction is projected...

Clarus Sets First Quarter 2024 Conference Call for Thursday, May 2, 2024, at 5:00 p.m. ET

Written by Customer Service on April 18, 2024. Posted in Public Companies.

SALT LAKE CITY, April 18, 2024 (GLOBE NEWSWIRE) — Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor enthusiast markets, will hold a conference call on Thursday, May 2, 2024, at 5:00 pm ET to discuss its financial results for the first quarter ended March 31, 2024. The financial results will be reported in a press release after the close of regular stock market trading hours on the same day as the conference call. Date: Thursday, May 2, 2024Time: 5:00 pm ETRegistration Link: https://register.vevent.com/register/BIcdb6a4a884d64ac9a3bcfbb6965a71f6 To access the call by phone, please register via the live call registration link above and you will be provided with dial-in instructions and details. The conference call will be broadcast live and available for replay on the Company’s...

OceanFirst Financial Corp. Announces First Quarter Financial Results

Written by Customer Service on April 18, 2024. Posted in Earnings Releases And Operating Results.

RED BANK, N.J., April 18, 2024 (GLOBE NEWSWIRE) — OceanFirst Financial Corp. (NASDAQ:OCFC) (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), announced net income available to common stockholders of $27.7 million, or $0.47 per diluted share, for the quarter ended March 31, 2024, an increase from $26.9 million, or $0.46 per diluted share, for the corresponding prior year period, and $26.7 million, or $0.46 per diluted share, for the prior linked quarter. Selected performance metrics are as follows (refer to “Selected Quarterly Financial Data” for additional information): For the Three Months Ended,Performance Ratios (Annualized): March 31, December 31, March 31,2024 2023 2023 Return on average assets 0.82 % 0.78 % 0.82 %Return on average stockholders’ equity 6.65 6.41 6.77 Return...

Chemung Financial Corporation Reports First Quarter 2024 Net Income of $7.1 million, or $1.48 per share

Written by Customer Service on April 18, 2024. Posted in Earnings Releases And Operating Results.

ELMIRA, N.Y., April 18, 2024 (GLOBE NEWSWIRE) — Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of $7.1 million, or $1.48 per share, for the first quarter of 2024, compared to $3.8 million, or $0.80 per share, for the fourth quarter of 2023, and $7.3 million, or $1.54 per share, for the first quarter of 2023. “We have started out 2024 with another strong quarter of results from our core businesses,” said Anders M. Tomson, President and CEO of the Corporation. “Improving credit metrics and 6% annualized loan growth in a challenging environment is an endorsement of our client focused business model and franchise,“ Tomson added. First Quarter Highlights:Total loans exceeded $2.0 billion for the first time in the Corporation’s...

SB Financial Group Announces First Quarter 2024 Results

Written by Customer Service on April 18, 2024. Posted in Earnings Releases And Operating Results.

DEFIANCE, Ohio, April 18, 2024 (GLOBE NEWSWIRE) — SB Financial Group, Inc. (NASDAQ: SBFG) (“SB Financial” or the “Company”), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services today reported earnings for the first quarter and ended March 31, 2024. First Quarter 2024 Highlights Over the First Quarter Prior Year Include:Net income of $2.4 million down 3.3 percent from $2.5 million in the same quarter last year. Diluted Earnings Per Share (“EPS”) remained steady at $0.35. Net interest income totaled $9.2 million, a 11.1 percent decrease from the $10.3 million reported in the first quarter of the prior year. Loan growth saw an increase to $991.6 million, up by $15.2 million or 1.6 percent from the $976.3 million in the...

Alpine Income Property Trust Reports First Quarter 2024 Operating Results

Written by Customer Service on April 18, 2024. Posted in Earnings Releases And Operating Results.

WINTER PARK, Fla., April 18, 2024 (GLOBE NEWSWIRE) — Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company” or “PINE”) today announced its operating results and earnings for the quarter ended March 31, 2024. Select HighlightsReported Net Loss per diluted share attributable to the Company of ($0.02) for the quarter ended March 31, 2024. Reported FFO per diluted share of $0.41 for the quarter ended March 31, 2024, an increase of 13.9% from the comparable prior year period. Reported AFFO per diluted share of $0.42 for the quarter ended March 31, 2024, an increase of 16.7% from the comparable prior year period. Originated one first mortgage investment with a total funding commitment of $7.2 million, of which $3.6 million was funded during the quarter ended March 31, 2024, at an initial yield of 11.3%. Increased investment...

Day: April 18, 2024

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