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Day: November 26, 2024

Report on Financial Results for the Three and Nine Months Ended September 30, 2024

TORONTO, Nov. 26, 2024 (GLOBE NEWSWIRE) — Mitchell Cohen, Chief Executive Officer and President of Urbanfund Corp. (TSX-V: UFC) (“Urbanfund” or the “Company”), confirmed today that the Company has filed its financial statements for the three and nine months ended September 30, 2024 (the “Consolidated Financial Statements”) and corresponding Management’s Discussion and Analysis (“MD&A”). BUSINESS OVERVIEW AND STRATEGY Business Overview Urbanfund Corp. is an incorporated entity listed on the TSX Venture Exchange (“TSX-V”) under the symbol UFC. The Company is a reporting issuer in Alberta, British Columbia and Ontario. Urbanfund’s focus is to invest in Canadian real estate and real estate related projects with a focus on a mix of both residential and commercial properties. The Company’s assets are located in Toronto, Brampton,...

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TerrAscend Appoints Lynn Gefen to Expanded Role of Chief People Officer

TORONTO, Nov. 26, 2024 (GLOBE NEWSWIRE) — TerrAscend Corp. (“TerrAscend” or the “Company”) (TSX: TSND, OTCQX: TSNDF), a leading North American cannabis company, today announced the appointment of Lynn Gefen as Chief People Officer in addition to her existing role as Chief Legal Officer and Corporate Secretary, effective November 12, 2024. “Lynn has proven to be an exceptional member of our leadership team since she joined TerrAscend in May of 2022. She has brought not only technical expertise, but a passion for culture. With the natural overlap between People programs and the Legal function, Lynn is uniquely positioned to take on this expanded role,” stated Ziad Ghanem, President and Chief Executive Officer of TerrAscend. “Consolidating these roles aligns with our focus on streamlining our operations and optimizing our resources...

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Gran Tierra Energy Inc. Announces Exploration Success in Ecuador and Strategic Joint Venture Transaction and Partnership to Accelerate Value in High-Impact Canadian Montney Oil Play with Logan Energy Corp.

CALGARY, Alberta, Nov. 26, 2024 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) is pleased to report that another significant milestone has been achieved in Ecuador with a seventh successful oil discovery further confirming the significant potential of the Arawana / Zabaleta field area. In addition, we are excited to announce that Gran Tierra (by way of its wholly-owned subsidiary) has entered into a purchase and sale agreement with Logan Energy Corp. (“Logan”) (TSXV:LGN) pursuant to which Logan would acquire 50% and operatorship of a portion of Gran Tierra’s Simonette Montney assets (the “Assets”) for approximately C$52 million in cash, subject to customary adjustments. After the closing of the Transaction, Gran Tierra would retain 50 percent working interest in...

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Mondee Announces Receipt of Non-Compliance Letter from Nasdaq; Prasad Gundumogula takes leave of absence as CEO; Mondee Appoints Jesus Portillo as CEO

AUSTIN, Texas, Nov. 26, 2024 (GLOBE NEWSWIRE) — Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a leading travel marketplace and artificial intelligence (AI) technology company, announced today that the Company received a notification letter from the Listing Qualifications Department of the NASDAQ Stock Market LLC (“Nasdaq”) stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of reports with the U.S. Securities and Exchange Commission. The November 20, 2024 letter was sent as a result of the Company’s delay in filing its Quarterly Report on Form 10-Q for the three month period ended September 30, 2024 (the “Form 10-Q”). The Nasdaq notice has no immediate effect on the listing or trading of the Company’s Class A common stock (the “Common Stock”) on the...

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DIRTT Welcomes Holly Hess Groos to the Board of Directors

CALGARY, Alberta, Nov. 26, 2024 (GLOBE NEWSWIRE) — DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”), a leader in industrialized construction, is pleased to announce that Holly Hess Groos is joining the DIRTT Board of Directors effective November 26, 2024 and will also serve as the Chair of the Audit Committee. Effective November 26, 2024, Scott Robinson, current Board Chair and Audit Committee Chair, will step down from his role as Audit Committee Chair. Ms. Groos is a senior financial executive. She retired from Verizon after a 30-year tenure in various leadership roles, including CFO of Verizon Wireless, Head of Internal Audit, SVP Business Excellence, Operational Excellence and Treasurer of Verizon.  “We are thrilled to welcome Holly to our Board of Directors,” said Scott Robinson, Board Chair. “We believe her extensive...

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Cansortium Inc. Completes New Senior Secured Credit Agreement Ahead of Planned Business Combination Closing with RIV Capital

TAMPA, Fla., Nov. 26, 2024 (GLOBE NEWSWIRE) — Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) (“Cansortium” or the “Company”), a vertically integrated, multi-state cannabis company operating under the FLUENT™ brand, announced today that it has closed on a new senior secured credit agreement (the “Credit Agreement”) of up to $96,500,000 with Chicago Atlantic Admin, LLC (“Chicago Atlantic”), as administrative agent for certain lenders. The Credit Agreement bears a cash interest rate of 12.00% per annum and paid-in-kind (PIK) interest of 1.00% per annum, and is due to mature on November 26, 2028. The Credit Agreement refinances the existing $71,000,000 senior secured term loan that was set to mature May 29, 2025, thereby eliminating the previously disclosed requirement that the Company prepay $10,000,000 upon the consummation...

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YXT.com Reports Unaudited Financial Results for the First Nine Months of 2024

SUZHOU, China, Nov. 27, 2024 (GLOBE NEWSWIRE) — YXT.com Group Holding Limited (NASDAQ: YXT) (“YXT.com” or the “Company”), a leader and disruptor of the digital corporate learning industry in China, today announced its unaudited financial results for the first nine months of 2024 that ended September 30, 2024. First Nine Months 2024 Operating and Financial HighlightsTotal revenues were RMB241.7 million (US$34.4 million), compared with RMB328.8 million in the same period of last year. Gross Margin was 60.4% in the nine months ended September 30, 2024, compared with 59.3% in the same period of last year. Net loss was RMB14.9 million (US$2.1 million), compared with RMB245.3 million in the same period of last year. Number of subscription customers decreased to 2,428 as of September 30, 2024, from 3,039 as of September 30, 2023. After...

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3D Systems Reports Third Quarter 2024 Financial Results

ROCK HILL, S.C., Nov. 26, 2024 (GLOBE NEWSWIRE) — 3D Systems Corporation (NYSE:DDD) announced today its financial results for the third quarter ended September 30, 2024. Third Quarter Highlights (All numbers are unaudited and are presented in millions, except per share amounts or as otherwise noted)Revenue of $112.9 million decreased 9% year-over-year primarily driven by macro weakness in printer sales, partially offset by approximately 10% growth in consumables sales Healthcare Solutions revenue of $55.1 million grew 5% year-over-year, led by strong growth in Dental and Personalized Healthcare solutions Customer interest in 3D printing applications continued to gain momentum, with revenues in the Application Innovation Group (AIG) growing over 26% year-to-date versus prior year across industrial markets Q3’24 gross profit...

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Anders H. Nørgaard resigns as CEO at FirstFarms

FirstFarms hereby announces that CEO Anders H. Nørgaard has resigned from his position with effect from 31 August 2025. Anders H. Nørgaard, together with the rest of the management team, Søren Bredvig and Michael Hyldgaard, will continue to serve as CEO of the company until a new CEO is in place. Anders H. Nørgaard has been CEO since 2012. Anders has made a great effort and has successfully performed a transformation of FirstFarms. FirstFarms is well positioned to continue the growth journey in the ongoing strategy period towards 2028. ”I would like to say a big thank you to Anders for a close and constructive cooperation for almost 13 years, and wish Anders the best of luck with his new job, and on behalf of the board, a big thank you for the great effort, says chairman of the Board Henrik Hougaard. ”I would like to thank the board and...

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