Day: July 22, 2024

GURU Organic Energy Names New Vice-President, Marketing

GURU Organic Energy Shingly Lee, Vice President, Marketing MONTRÉAL, July 22, 2024 (GLOBE NEWSWIRE) — GURU Organic Energy Corp. (TSX: GURU) (“GURU” or the “Company”), Canada’s leading organic energy drink brand1, is pleased to announce the appointment of Shingly Lee as Vice President of Marketing. “We are very excited to welcome Shingly to the GURU team,” said Carl Goyette, President and CEO of GURU. “Shingly has the experience and qualities we sought to fill this key position within our organization, specifically in the management of high-growth start-ups and multi-million-dollar iconic brands in the global food industry. We believe she will be a great addition to our team and look forward to her leadership, innovative thinking, and strong business acumen which will undoubtedly contribute to our long-term success.” Shingly...

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Volaris Reports Financial Results for the Second Quarter 2024: Net Income of USD $10 million

MEXICO CITY, , July 22, 2024 (GLOBE NEWSWIRE) — Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, today reports its unaudited financial results for the second quarter of 20241. Second Quarter 2024 Highlights(All figures are reported in U.S. dollars and compared to 2Q 2023 unless otherwise noted) Net income of $10 million. Earnings per American Depositary Shares (ADS) of $9 cents. Total operating revenue of $726 million, a 7.2% decrease. Total revenue per available seat mile (TRASM) increased 12% to $8.89 cents. Available seat miles (ASMs) decreased by 17% to 8.2 billion. Total operating expenses of $660 million, representing 91% of total operating revenue. Total operating...

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Professor Dr. Robert Schiestl Ph. D. Joins Pacific Software Inc. as Chief Science Advisor (CSA)

DANA POINT, Calif., July 22, 2024 (GLOBE NEWSWIRE) — Pacific Software Inc.(OTC:PFSF), an emerging skincare, and aesthetics company known for its patented cosmeceutical technology Dermatrix and science-based dietary supplements, is excited to announce the appointment of Professor Dr. Robert Schiestl Ph.D. as its Chief Science Advisor (CSA), effective immediately. Dr. Robert Schiestl is a distinguished scientist who received his Ph.D. from the University of Vienna, Austria with an extensive background in molecular toxicology, cancer prevention, and genomics. He was previously Assistant and Associate Professor in the Department of Cancer Research and later Toxicology at the Harvard School of Public Health. He is currently Professor Emeritus of Pathology, Environmental Health Sciences and Radiation Oncology at UCLA. He was a Director...

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GURU Organic Energy Welcomes Three New Board Members

GURU Organic Energy Jeff Church GURU Organic Energy Anne-Marie Laberge GURU Organic Energy Tyler Ricks MONTRÉAL, July 22, 2024 (GLOBE NEWSWIRE) — GURU Organic Energy Corp. (TSX: GURU) (“GURU” or the “Company”), Canada’s leading organic energy drink brand1, is pleased to announce the appointment of three new independent members to its Board of Directors: Jeff Church, Anne-Marie Laberge, and Tyler Ricks. Their extensive experience and diverse backgrounds will provide valuable insight and strategic guidance as GURU works towards its expansion plans in Canada and the United States. Jeff Church is a veteran entrepreneur and business leader with a track record of building and scaling successful companies in the US. He is the co-founder and former CEO of Suja Juice, a leading organic cold-pressed juice company, where...

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Major Drilling Brings AI to Drilling by Investing in a Strategic Partnership with DGI/Kore

MONCTON, New Brunswick, July 22, 2024 (GLOBE NEWSWIRE) — Major Drilling Group International Inc. (“Major Drilling” or the “Company”) (TSX: MDI), a leading provider of specialized drilling services to the mining sector, is pleased to announce a new partnership with premier downhole technology company DGI Geoscience Inc. (“DGI”) and its affiliate company, artificial intelligence-powered core logging tech innovator, KORE GeoSystems Inc. (“KORE”). This strategic partnership positions Major Drilling at the forefront of AI advancements in the drilling industry. The combination of Major Drilling’s fleet, skilled drilling teams and its TrailBlazer Rock5 technology, with KORE’s digital rock analysis platform, provides the opportunity to deliver valuable data to our customers. This is complemented by the borehole data acquisition...

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LifeVantage To Host “LifeVantage Open House” Virtual Calls on July 23 and 24

Calls will highlight how company is ahead of industry with recent transformation initiatives, innovative compensation plan, award-winning, activating products, and vibrant entrepreneurial community SALT LAKE CITY, July 22, 2024 (GLOBE NEWSWIRE) — LifeVantage Corporation (Nasdaq: LFVN), a leading health and wellness company with products designed to activate optimal health processes at the cellular level, will host Open House calls on July 23 and 24, for anyone wanting to learn more about LifeVantage, its activating products, and the Company’s industry-leading compensation plan designed to meet modern sharers by supporting both product sellers and team builders. The Open House call on the 23rd will feature a Q&A with LifeVantage President and CEO, Steve Fife, Chief Sales Officer, Kristen Cunningham, and Regional Vice President...

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Chain Bridge I to Acquire Phytanix Bio, Creating a New Public Company Focused on Developing Next Generation Cannabinoid and Cannabinoid-like Medicines

Phytanix Bio is a preclinical stage pharmaceutical company founded by former members and associates of GW Pharmaceuticals, holding exclusive cannabinoid and cannabinoid-like medicine intellectual property (IP) The transaction reflects a pre-deal valuation of $58 million for Phytanix Bio plus the assumption of $17 million of preferred stock and $4.4 million of short-term debt that will be exchanged for convertible preferred stock at deal close The business combination is expected to be completed in the fourth quarter of 2024, with the combined company to be listed on Nasdaq Capital Markets under the ticker “PHYX” NEW YORK and SANTA BARBARA, Calif., July 22, 2024 (GLOBE NEWSWIRE) — Phytanix Bio, an innovative pharmaceutical company dedicated to the development of therapeutics based on cannabinoid and cannabinoid-like molecules,...

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RBB Bancorp Reports Second Quarter 2024 Earnings

LOS ANGELES, July 22, 2024 (GLOBE NEWSWIRE) — RBB Bancorp (NASDAQ:RBB) and its subsidiaries, Royal Business Bank (the “Bank”) and RBB Asset Management Company (“RAM”), collectively referred to herein as “the Company,” announced financial results for the quarter ended June 30, 2024. Second Quarter 2024 Highlights Net income totaled $7.2 million, or $0.39 diluted earnings per share. Return on average assets of 0.76%, compared to 0.81% for the quarter ended March 31, 2024. Net interest margin of 2.67%, down two basis points, compared to 2.69% for the quarter ended March 31, 2024. Repurchased 448,190 shares of common stock for $8.1 million during the quarter ended Jun 30, 2024. Book value and tangible book value per share(1) increased to $28.12 and $24.06 at June 30, 2024, up from $27.67 and $23.68 at March 31, 2024. The Company...

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Brown & Brown, Inc. announces second quarter 2024 results, including total revenues of $1.2 billion, an increase of 12.5%; Organic Revenue growth of 10.0%; diluted net income per share of $0.90; and Diluted Net Income Per Share – Adjusted of $0.93

DAYTONA BEACH, Fla., July 22, 2024 (GLOBE NEWSWIRE) — Brown & Brown, Inc. (NYSE:BRO) (the “Company”) announced its unaudited financial results for the second quarter of 2024. Revenues for the second quarter of 2024 under U.S. generally accepted accounting principles (“GAAP”) were $1.2 billion, increasing $131 million, or 12.5%, compared to the second quarter of the prior year, with commissions and fees increasing by 11.4% and Organic Revenue increasing by 10.0%. Income before income taxes was $346 million, increasing 36.2% from the second quarter of the prior year with Income Before Income Taxes Margin increasing to 29.4% from 24.3%. EBITDAC – Adjusted was $420 million, increasing 17.3% from the second quarter of the prior year with EBITDAC Margin – Adjusted increasing to 35.7% from 34.2%....

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Flow Capital Announces Cash Dividend on Series A Preferred Shares

TORONTO, July 22, 2024 (GLOBE NEWSWIRE) — Flow Capital Corp. (TSXV: FW) (“Flow Capital” or the “Company”), a leading provider of venture debt, announces a cash dividend of $0.069 per Series A Preferred Share (“Preferred Shares”), paid on July 16, 2024, to shareholders recorded as of June 30, 2024. This dividend corresponds to the period from March 31, 2024 to June 30, 2024. This dividend as an eligible dividend for the purposes of the Income Tax Act (Canada) and relevant provincial or territorial legislation. Consequently, Canadian residents who receive this dividend may benefit from an enhanced dividend tax credit. The declaration and payment of dividends on the Preferred Shares are subject to the discretion of the Company’s board of directors. Future dividend declarations will depend on the...

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