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Day: November 14, 2024

22% Year-Over-Year Operating Expense Reduction Positions Wrap Technologies for Growth and Profitability in 2025

Major Advances in Financial Controls and Cost Management Pave the Way for Sustainable Operations and Market Leadership TEMPE, Ariz., Nov. 14, 2024 (GLOBE NEWSWIRE) — Wrap Technologies, Inc. (NASDAQ: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety solutions, today announced key financial and operational achievements for the third quarter ended September 30, 2024. Key Highlights:Significant Cost Reductions: Operating expenses slashed by 22% year-over-year, falling to $3.9 million from $4.9 million in Q3 2023, reflecting efficiency gains. Monetizing Inventory: Ongoing cost-saving measures and paused manufacturing have allowed the Company to focus on monetizing a $25 million finished goods inventory and reinforce a leaner operational model. Increase in Reported Subscription Services: Subscription services...

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Adams Diversified Equity Fund Declares Year-End Distribution

BALTIMORE, Nov. 14, 2024 (GLOBE NEWSWIRE) — Adams Diversified Equity Fund, Inc. (NYSE: ADX) declared today a year-end distribution of $1.96 per share. The total distributions by the Fund for 2024 will be $2.50 per share, including the distributions totaling $0.54 per share made in 2024 prior to today’s announcement. The annual distribution rate represented by these distributions is 10.9%. The Fund’s estimated sources for the distribution to be paid on December 23, 2024 and for all distributions declared in 2024 to date are as follows:  Distribution per Share Net Investment Income Net Realized Short-Term Gains Net Realized Long-Term Gains Return of CapitalDecember 23, 2024 $1.96 $0.04 (2%) $0.30 (15%) $1.62 (83%) $0.00 (0%)YTD 2024 $2.50 $0.17 (7%) $0.30 (12%) $2.03 (81%) $0.00 (0%)Fund Performance and Distribution Rate...

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Reviva Reports Third Quarter 2024 Financial Results and Recent Business Highlights

– 108 patients have completed 1-year of treatment in 1-year open-label extension (OLE) trial – – Vocal biomarker speech latency data from RECOVER trial reinforce brilaroxazine’s improvement on negative symptoms and other key symptom domains of schizophrenia – – Topline data from OLE trial expected in December 2024 – CUPERTINO, Calif., Nov. 14, 2024 (GLOBE NEWSWIRE) — Reviva Pharmaceuticals Holdings, Inc. (NASDAQ: RVPH) (“Reviva” or the “Company”), a late-stage pharmaceutical company developing therapies that seek to address unmet medical needs in the areas of central nervous system (CNS), inflammatory and cardiometabolic diseases, today reported financial results for the third quarter ended September 30, 2024 and summarized recent business highlights. “We continue to advance our late-stage brilaroxazine program with initial focus...

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Avicanna Reports Q3 2024

9-month revenue of $18.8 million, representing a 75% increase from 2023. Consolidated Gross Margins of 57%, during Q3 2024. TORONTO, Nov. 14, 2024 (GLOBE NEWSWIRE) — Avicanna Inc. (“Avicanna” or the “Company”) (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN), a commercial stage, international biopharmaceutical company focused on the commercialization of evidence-based, cannabinoid-based products, is pleased to announce results Q3 2024. “We are pleased to report the results of another quarter showing progressive improvements across our four business pillars. Our continuous optimization efforts contributed to improvements in our overall financial performance, consolidated gross margins, and balance sheet. We are now better positioned to turn our attention towards our international growth initiatives and take further steps towards advancing...

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Base Carbon Reports Third-Quarter 2024 Operating and Financial Results

TORONTO, Nov. 14, 2024 (GLOBE NEWSWIRE) — Base Carbon Inc. (Cboe CA: BCBN) (OTCQX: BCBNF) with operations through its wholly-owned subsidiary, Base Carbon Capital Partners Corp. (“BCCPC”, together, with affiliates, “Base Carbon”, or the “Company”), is pleased to announce its third-quarter 2024 consolidated financial results and operational highlights. All financial references are denominated in U.S. dollars, unless otherwise noted. “Base Carbon has continued to execute commercially, having achieved multiple key milestones in recent months. During the third quarter, the Company received over $11 million in cash proceeds from the sale of carbon credits. Last month, we achieved completion of planting of all 6.5 million trees for the India ARR project and from our Rwanda project the Company was issued over 1 million additional carbon...

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Zefiro Methane Corp. Announces Quarterly Earnings with Record Revenue of USD $10 Million and Record Gross Profit of USD $3.3 Million

The Company generated record revenue of $10.0 million USD and positive adjusted EBITDA for the quarter ended September 30, 2024 FORT LAUDERDALE, Fla., Nov. 14, 2024 (GLOBE NEWSWIRE) — ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B) (OTCQB US: ZEFIF) (the “Company”, “Zefiro”, or “ZEFI”) today announced the Company’s consolidated financial results for the fiscal quarter ended September 30, 2024 (“FQ1”).Generated record revenues of $10.0 million USD, an approximate 7% increase from the quarter ending June 30, 2024, and 26% compared to quarter ending September 30, 2023. Record gross profit of $3.3 million USD (approximate 33% gross profit margin). $460,297 USD of adjusted earnings before interest, taxes, depreciation, and amortization (“Adjusted EBITDA”) (See “Non-IFRS Financial Measures” below), an approximate increase...

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Lowell Farms Inc. Announces Unaudited Third Quarter 2024 Financial and Operational Results

SALINAS, Calif., Nov. 14, 2024 (GLOBE NEWSWIRE) — Lowell Farms Inc. (the “Company”) (CSE: LOWL; OTCQX: LOWLF), a California cannabis company with advanced distribution and production capabilities including extraction, manufacturing, sales and brand management, and recently added retail dispensary management services, announces unaudited revenue and operating results for the third quarter of 2024 (ended September 30, 2024). All figures stated are in US Dollars. Third Quarter Financial Highlights:Net revenue generated for the quarter ended September 30, 2024 decreased 48% to $3.2 million, as compared to $6.2 million for the third quarter last year. Net revenue decreased 8% from $3.5 million in the second quarter of 2024.CPG revenue decreased 26% for the quarter ended September 30, 2024 compared to the quarter ended September...

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The Metals Company Provides Third Quarter 2024 Corporate Update

NEW YORK, Nov. 14, 2024 (GLOBE NEWSWIRE) — TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and financial results for the third quarter ending September 30, 2024. Q3 2024 Financial HighlightsCurrent liquidity available from our cash on hand and our credit facilities of approximately $63 million as of date of filing Borrowing capacity of our unsecured credit facilities increased by $10.5 million as of date of filing:ERAS/Barron facility increased from $25 million to $38 million ($33.8 million available), and; Allseas Group SA affiliate facility reduced from $27.5 million to $25.0 million (undrawn)$5.7 million cash used in operations for the quarter ended September 30, 2024 Net loss of $20.5 million...

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Consolidated Water Reports Third Quarter 2024 Operating Results

GEORGE TOWN, Cayman Islands, Nov. 14, 2024 (GLOBE NEWSWIRE) — Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading designer, builder and operator of advanced water supply and treatment plants, reported results for the third quarter ended September 30, 2024. All comparisons are to the same prior year period unless otherwise noted. Consolidated Water will hold a conference call at 11:00 a.m. Eastern time tomorrow to discuss the results (see dial-in information below). Third Quarter 2024 Financial Key PointsTotal revenue declined 33% to $33.4 million, due to two large construction projects that were underway in 2023 but were completed earlier this year. Meanwhile, the company’s ongoing $147 million design-build-operate desalination plant project in Hawaii continues to progress through development towards the...

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Beneficient Reports Results for Second Quarter Fiscal 2025

Reports Second Quarter of Positive GAAP Net Income Maintains Cost Efficient Operating Profile DALLAS, Nov. 14, 2024 (GLOBE NEWSWIRE) — Beneficient (NASDAQ: BENF) (“Ben” or the “Company”), a technology-enabled financial services holding company that provides liquidity and related trust and custody services to holders of alternative assets, today reported its financial results for the fiscal 2025 second quarter, which ended September 30, 2024. Commenting on the fiscal 2025 second quarter results, Beneficient management said: “We are pleased to report our second consecutive profitable quarter as a public company, which we believe positions Ben as a leading solution for liquidity and primary capital in large and growing private investment markets. With our Board of Directors having authorized up to $5 billion of fiduciary financings...

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