MONTREAL, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Cannara Biotech Inc. (“Cannara”, “the Company”, “us” or “we”) (TSXV: LOVE) (OTCQB: LOVFF) (FRA: 8CB0), a vertically integrated producer of premium-grade cannabis and derivative product offerings at affordable prices with two mega facilities based in Québec spanning over 1,650,000 sq. ft., is pleased to announce the extension and related amendments to its existing credit agreement with the Bank of Montreal (“BMO”) and convertible debenture originally issued on June ...

Product Launch - Hormel Foods is introducing limited edition Heart-to-Heart kits for Valentine's Day, featuring heart-shaped pepperonis and all necessary ingredients for a pizza night at home [1][4][6] - The kits aim to enhance the Valentine's Day experience by allowing consumers to send personalized messages along with the pizza-making ingredients [6][5] Brand Positioning - HORMEL® Pepperoni is recognized as the No. 1 selling brand of pepperoni in the United States, based on the latest 52-week Circana data [7] - The brand has been a staple in American cuisine for over 100 years, emphasizing quality ingredients and great flavor [7] Company Overview - Hormel Foods Corporation, headquartered in Austin, Minnesota, generates over $12 billion in annual revenue and operates in more than 80 countries [8] - The company is part of the S&P 500 Index and has received multiple accolades for corporate responsibility and workplace quality [8]

Core Insights - Cannara Biotech Inc. reported its strongest quarter in company history for Q1 2025, achieving record market share, revenue, adjusted EBITDA, operating cash flow, and free cash flow, reflecting successful execution of its long-term business strategy and industry leadership [3][4]. Financial Performance - Net revenues increased by 29% to $25.1 million in Q1 2025 compared to $19.5 million in Q1 2024, marking the highest quarterly revenue in the company's history [5][10]. - Gross profit before fair value adjustments rose by 23% to $9.8 million in Q1 2025 from $7.9 million in Q1 2024, with gross profit margins improving to 39% [4][10]. - Adjusted EBITDA reached a record-high of $6.0 million, up 16% from $5.2 million in Q1 2024 [10][22]. - Operating cash flow surged to $5.8 million in Q1 2025, significantly up from $0.8 million in Q1 2024 [4][10]. - Free cash flow improved to $4.6 million in Q1 2025, a substantial increase from negative $2.0 million in Q1 2024 [4][10]. Market Share and Growth - Cannara achieved a Canadian market share of 4.1%, representing a 28% increase quarter over quarter and a 58% increase year over year [5][17]. - The company plans to open two new growing zones, increasing capacity by 6,000 kg per year, and introduce over 20 new products in 2025 [3][5]. Operational Highlights - The company focused on building its operations and supply chain to accommodate increases in sales and market share, achieving its highest market share and revenue in Q1 2025 [8][10]. - Gross cannabis revenues increased by 33% to $34.9 million in Q1 2025, driven by deeper market penetration and new product offerings [10][22]. Financing and Capital Transactions - Cannara has a $10 million revolving credit facility with Bank of Montreal, with a drawn balance of $6.76 million as of November 30, 2024 [20]. - During Q1 2025, the company granted stock options and performance share units to employees and board members, indicating a commitment to incentivizing performance [21].

Core Insights - The Lovesac Company will participate in the 2025 ICR Conference on January 14, 2025, at 11:00 a.m. Eastern Time [1] - The event will be webcast live and available for later viewing on the Company's Investor Relations website [2] Company Overview - The Lovesac Company, based in Stamford, Connecticut, is a technology-driven furniture brand known for its modular couches called Sactionals and premium foam beanbag chairs called Sacs [3] - The Company employs a proprietary "Designed For Life" approach, resulting in high-quality, durable products that adapt to customers' evolving needs [3] - Innovation is central to the Company's design philosophy, with all core products protected by a strong portfolio of utility patents [3] - Products are marketed and sold primarily online through the Company's website, complemented by direct-to-consumer showrooms and partnerships with third-party retailers [3]

As 2024 drew to a close, it seemed there wasn't a great deal of investor love for Lovesac (LOVE 2.47%). They shunned the specialty furniture maker's shares after it posted a less-than-inspiring quarterly earnings report. A gloomy analyst update didn't help to improve the situation. Across December, Lovesac's stock lost more than 37% of its value.Losses and expectationsMuch of that sell-off occurred in the middle of the month in the wake of Lovesac's release of its third-quarter fiscal 2025 figures. These re ...

Core Viewpoint - Lovesac emphasizes its commitment to sustainability and responsible business practices, aiming to inspire positive change in the industry and create a sustainable future for generations to come [1][6]. ESG Commitment - The company aims to achieve net-zero waste and emissions by 2040, focusing on high-quality, sustainably manufactured products across various home categories [2][8]. - Lovesac's ESG framework is guided by three pillars: Earth, Love, and Purpose, which will drive its initiatives over the next two decades [7][12]. Earth Initiatives - Lovesac has partnered with REPREVE® to repurpose 1 billion plastic bottles in its product materials, achieving over 240 million bottles repurposed by the end of fiscal year 2024 [7]. Love Initiatives - The company has made progress in gender diversity, with 48% of women in leadership roles in Fiscal 2024, reflecting its commitment to inclusivity [7]. Purpose Initiatives - Lovesac is expanding its Sustainable Supply Chain program to include new transportation and warehousing vendors, reinforcing its commitment to integrity and long-term relationships with suppliers [7]. Reporting and Transparency - The 2024 ESG Report is available on the company's website, marking the fourth annual report in its multi-phased ESG commitment [3][8].

Core Viewpoint - The Lovesac Company is hosting an Investor Day to present its strategic framework, growth initiatives, and financial ambitions, highlighting its commitment to operational excellence and innovation in the home furnishing sector [1][2]. Financial Expectations - The company has introduced a multi-year financial algorithm projecting annual net sales growth of +10% to +15%, a gross margin rate of 59% to 60%, advertising and marketing expenses at approximately 12.5% of net sales, adjusted EBITDA margin expansion of 50 to 100 basis points, and annual EPS growth of at least 25% [3]. - For Fiscal 2026, preliminary expectations include annual net sales growth of +7% to +12%, a gross margin rate of approximately 59%, advertising and marketing expenses at around 12.5% of net sales, adjusted EBITDA margin expansion of 100 to 150 basis points, and annual EPS growth of at least 100% [4]. Company Overview - The Lovesac Company, based in Stamford, Connecticut, designs, manufactures, and sells high-quality furniture through its proprietary "Designed For Life" approach, focusing on modular couches (Sactionals) and premium foam beanbag chairs (Sacs) [5]. - The company emphasizes innovation and has a robust portfolio of utility patents protecting its core products, primarily marketed through direct online sales and physical showrooms [5].

MONTREAL, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Cannara Biotech Inc. (“Cannara”, “the Company”, “us” or “we”) (TSXV: LOVE) (OTCQB: LOVFF) (FRA: 8CB0), a vertically integrated producer of premium-grade cannabis and derivative product offerings at affordable prices with two mega facilities based in Québec spanning over 1,650,000 sq. ft., that it will be relying on CSA Coordinated Blanket Order 51-913 for an exemption from the requirements to send proxy-related materials for its upcoming annual general meeting (th ...

The Lovesac Company (NASDAQ: LOVE ), the furniture manufacturer and retailer known for its sectional couches, sacs, and other products, reported its fiscal Q3 results on the 12 th of December in pre-market hours. The resultsI am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by understanding the drivers behin ...

Couch manufacturer Lovesac (LOVE -27.28%) sprung multiple springs on Thursday. Its stock was down 25.2% through 11:40 a.m. ET, after reporting misses on both the top and bottom lines earlier in the morning.Heading into the fiscal third quarter 2025 report, analysts were already pessimistic, predicting Lovesac would lose $0.28 per share on $155.3 million in sales -- but the news was worse. Lovesac lost $0.32 per share, and sales fell below estimates at $149.9 million. Lovesac Q3 earningsQ3 sales declined abo ...