Day: June 11, 2024

Astra Energy Inc. Provides Shareholder Update Regarding Regreen Technologies Inc.

SAN DIEGO, CA, June 11, 2024 (GLOBE NEWSWIRE) — – Spin-out is in process with a final plan expected by 30 June 2024 – Regreen founder to return 10 million shares to Astra treasury This follows recent News article: Astra Energy Inc. Enters Material Definitive Agreement for Power Generation in the Digital Coin Mining and Data Center Marketplace Astra Energy Inc.(OTCQB: ASRE) (“Astra” or the “Company”) would like to provide a shareholder update on the spin-out of Regreen Technologies Inc. (“Regreen”). On Sept. 06, 2023, Astra announced that it would commence the process of spinning out its subsidiary Regreen into an existing entity on a U.S. exchange or listing it on a U.S. exchange with an accompanying IPO. On March 8, 2024, Astra announced the closing of a joint venture transaction with Powertron Global LLC...

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GigaCloud Technology Inc Wins Stevie® Award for Achievement in Growth

Marking the Second Consecutive Year of Stevie® Recognition EL MONTE, Calif., June 11, 2024 (GLOBE NEWSWIRE) — GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced its recognition as a Silver Stevie® Award winner in the “Achievement in Growth” category of the 2024 American Business Awards®. This accomplishment marks the second straight year the Company has been honored with a Stevie® Award, underscoring its commitment to growth and innovation. Last year, GigaCloud received a Bronze Stevie® Award in the category of “Fastest Growing Company of the Year.” Other recipients of the Stevie® Awards include IBM, Samsung Electronics America, and Fidelity Investments. “We are thrilled to be a Stevie® Award winner two years...

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Mosaic Signs Option Agreement with Castlebar Capital to Sell Up to 100% Interest in the Lichen Project

MONTREAL, June 11, 2024 (GLOBE NEWSWIRE) — Mosaic Minerals Corporation (CSE: MOC) (“Mosaic” or “The Company”) is pleased to announce that it has entered into an option agreement dated June 7, 2024 (the “Option Agreement”) with Castlebar Capital Corporation (TSXV: CBAR.P) (“Castlebar”), pursuant to which Castlebar will be granted an option to acquire (the “Transaction”) up to a 100% interest in the Lichen Project (the “Lichen Project” or “Property”). The Transaction is intended to be Castlebar’s “Qualifying Transaction” for purposes of the TSX Venture Exchange’s (the “Exchange”) Capital Pool Company program and was first disclosed in its news release on April 25, 2024, announcing the entering into of a letter of intent with Mosaic (the “LOI”). The terms of the Option Agreement are the same as the LOI and are summarized below. The...

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Legion Capital Announces 2023 Financial Results

Specialized Lender reports record profits and third consecutive year of operating profitability ORLANDO, Fla., June 11, 2024 (GLOBE NEWSWIRE) — Legion Capital (OTC: LGCP), a specialized lender providing growth capital to small and medium sized real estate developers, today announced audited financial results for its fiscal year 2023 ended December 31, 2023. Highlights from the 1-K annual report filed are: Revenue increased to $8,901,527 in 2023 from $6,876,274 in 2022, a 29% increase. The Company reported an increased year over year annual profit with a reported operating profit of $3,692,651 in 2023 compared to a reported operating profit of $1,078,094 in 2022, an increase of 243%. Shareholder equity increased from $14,330,038 in 2022 to $18,117,621 in 2023, a 26% increase. “2023 was another solid year of operational growth...

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CervoMed Announces Completion of Enrollment in Phase 2b RewinD-LB Clinical Trial of Neflamapimod for the Treatment of Patients with Dementia with Lewy Bodies

– Topline data expected in December 2024 – – Phase 2b design optimized for success; clear path to market in this high value indication expected with positive result – BOSTON, June 11, 2024 (GLOBE NEWSWIRE) — CervoMed Inc. (NASDAQ: CRVO), a clinical stage company focused on developing treatments for age-related neurologic disorders, today announced that it has completed enrollment in RewinD-LB, a Phase 2b trial evaluating neflamapimod in patients with dementia with Lewy bodies (DLB). “Drug development for the major dementias over the past decade has progressively focused on earlier stages of disease. In our phase 2a data with neflamapimod in patients with DLB, the treatment response in patients with pure DLB was substantial and greater than the response seen in patients who had biomarker evidence of Alzheimer’s...

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Academy Sports + Outdoors Reports First Quarter 2024 Results

Net Sales Decline (1.4)%; Comparable Sales Decline (5.7)% GAAP Diluted EPS of $1.01, or $1.08 Adjusted Diluted EPS Opened Two New Stores During the First Quarter Returned $132 Million to Shareholders Through Share Repurchases and Dividends KATY, Texas, June 11, 2024 (GLOBE NEWSWIRE) — Academy Sports and Outdoors, Inc. (Nasdaq: ASO) (“Academy” or the “Company”) today announced its financial results for the first quarter ended May 4, 2024. Steve Lawrence, Chief Executive Officer, commented, “As expected, our first quarter results reflect that our customers remain under pressure in the current economic environment. We will navigate through the remainder of the year by continuing to lean into our position as the value leader in our space, while also inspiring customers to shop through introductions and...

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Pineapple Express Cannabis Company Executes Substantial Revenue Generating Contract Regarding Multiple Cannabis Dispensaries

Company signs contract to receive 5% of all sales at 7 retail dispensaries in Los Angeles LOS ANGELES, CA, June 11, 2024 (GLOBE NEWSWIRE) — Pineapple Express Cannabis Company (OTC: PNXP) (the “Company” or “Pineapple Express”), a publicly traded company, today announced that its wholly owned subsidiary, Ananas Growth Ventures (“AGV”), has signed a revenue generating contract with Pineapple Consolidated, Inc. to receive 50% of its management fee revenue related to multiple legal cannabis retail operations in Los Angeles, in exchange for a $5 million-dollar promissory note. The contract, which has been in the works for weeks, is effective as of April 20, 2024, but was ratified by the board of directors of the Company and signed on June 10, 2024. The deal involves operational and to be operational retail dispensaries in Hollywood,...

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Candel Therapeutics to Join Russell 3000® Index

NEEDHAM, Mass., June 11, 2024 (GLOBE NEWSWIRE) — Candel Therapeutics, Inc. (Candel or the Company) (Nasdaq: CADL), a clinical stage biopharmaceutical company focused on developing multimodal biological immunotherapies to help patients fight cancer, today announced that the Company is set to join the broad-market Russell 3000 Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1, 2024, according to a preliminary list of additions posted Friday, May 24, 2024. The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Tuesday, April 30th, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell...

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Bebuzee, Inc. Unveils New and Exciting Live Streaming Features in Its Revolutionary Super App

MIAMI, June 11, 2024 (GLOBE NEWSWIRE) — via IBN – Bebuzee, Inc. (OTC: BBUZ), a leading social media and digital entertainment platform, is thrilled to announce the launch of two groundbreaking live streaming features in its revolutionary super app. These innovative additions are designed to enhance user engagement and transform the digital experience for millions of Bebuzee users worldwide. Introducing Live Streaming: TikTok- and YouTube-Style Experiences Bebuzee is excited to introduce live streaming features that offer unique and captivating experiences, similar to content shared via TikTok and YouTube. These new, inspired features are set to redefine how users experiment with content and connect with their favorite creators and communities. TikTok-Style Live Streaming Our TikTok-style live streaming feature allows users to broadcast...

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Kratos Launches New Podcast to Help Businesses Navigate Their Cyber Compliance Journey

SAN DIEGO, June 11, 2024 (GLOBE NEWSWIRE) — In today’s hyper-connected world, businesses must comply with strict cybersecurity measures to operate and compete, especially for winning government contracts and in regulated industries. Misunderstanding the requirements or making mistakes during the certification process can result in fines, revenue loss, and even ineligibility to compete. To guide businesses to the right answers, Kratos Defense & Security Solutions (Nasdaq: KTOS) has launched a cybersecurity compliance podcast to help businesses set and achieve their compliance goals. For more than a decade Kratos has been a trusted cybersecurity compliance advisor and assessor supporting many of the world’s largest and most respected technology companies as well as mid-sized product makers and service providers. “Cyber Compliance...

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