StorageVault Expands Footprint with Completion of $62.5 Million of Acquisitions of Five Storage Assets
Globenewswire· 2026-03-26 11:01
Core Viewpoint - StorageVault Canada Inc. has completed the acquisition of five stores for a total purchase price of $62.5 million, which includes both arm's length and related party transactions [1][2]. Group 1: Acquisition Details - The total purchase price for the acquisitions was $62.5 million, which is subject to customary adjustments [2]. - The consideration for the acquisitions included $2 million in StorageVault common shares priced at $5.87 per share, along with funds on hand, promissory notes, and mortgage financing [2]. - Three of the acquisitions were arm's length transactions, while two were related party acquisitions totaling $42.4 million with Access Self Storage Inc. and its affiliate [1][2]. Group 2: Related Party Transactions - The related party acquisitions are classified as "related party transactions" under Multilateral Instrument 61-101, and StorageVault relied on exemptions from formal valuation and minority approval requirements [3]. - A total of 340,716 Payment Shares valued at $2 million were issued to Access in connection with the related party acquisitions, representing 0.09% of StorageVault's issued and outstanding common shares [4]. - Following the acquisitions, Access's ownership in StorageVault increased slightly, holding approximately 37.8% of the total issued and outstanding common shares [4]. Group 3: Company Overview - StorageVault operates 270 storage locations across Canada, owning 237 of these locations and over 5,000 portable storage units, totaling more than 13.5 million rentable square feet [5]. - The company also provides last mile storage and logistics solutions, as well as professional records management services, including document and media storage, imaging, and shredding services [5].
The Lovesac Company Expands Share Repurchase Authorization by $40 Million
Globenewswire· 2026-03-26 11:01
Core Viewpoint - The Lovesac Company has announced an expansion of its share repurchase program by an additional $40 million, bringing the total authorization to approximately $54.1 million, reflecting confidence in its business outlook and financial health [1][2]. Group 1: Share Repurchase Program - The Board of Directors has authorized the repurchase of up to an additional $40 million of the Company's outstanding common stock [1]. - The expanded share repurchase program now totals approximately $54.1 million [1]. - The program will be funded through existing cash and future free cash flow, with repurchases to be made at management's discretion based on market conditions [2]. Group 2: Financial Position and Strategy - The Company has a healthy balance sheet and access to significant liquidity through its credit facility [2]. - The management emphasizes a disciplined plan for fiscal 2027, focusing on strategic growth initiatives while returning capital to shareholders [2]. - The approach to capital allocation remains unchanged, prioritizing investments in the business and being opportunistic with excess capital to enhance long-term stakeholder value [2]. Group 3: Company Overview - The Lovesac Company is based in Stamford, Connecticut, and is known for its technology-driven furniture designed to last a lifetime [3]. - The product offerings include modular couches (Sactionals®), premium foam beanbag chairs (Sacs®), and an immersive home entertainment system (StealthTech®), among others [3]. - The brand is recognized for its commitment to responsible production and innovation, holding a robust portfolio of design and utility patents [3].
OTC Markets Group Announces United Kingdom Filings Integration
Globenewswire· 2026-03-26 11:00
Core Insights - OTC Markets Group Inc. has announced the automatic publication of UK filings on OTCMarkets.com for OTCQX, OTCQB, and OTCID issuers, streamlining the process and eliminating manual uploads [1] - This integration includes filings submitted to the Financial Conduct Authority's National Storage Mechanism, enhancing the accessibility of regulatory announcements [1][2] - The initiative aims to improve the quality, consistency, and timeliness of information for U.S. investors, thereby reducing friction for international companies [2][3] Group 1 - The integration builds on last year's SEDAR+ filings for Canadian issuers, representing a step towards streamlined access to regulated disclosures from global exchanges [2] - OTC Markets Group is committed to enhancing market accessibility and fostering efficient cross-border engagement through these integrations [3] - The company aims to create a more connected disclosure environment that supports issuer transparency and enhances investor trust [3] Group 2 - OTC Markets Group operates regulated markets for trading 12,000 U.S. and international securities, with data-driven disclosure standards forming the foundation of its public markets [4] - The company provides critical market infrastructure through its OTC Link Alternative Trading Systems, facilitating trading for broker-dealers [4][5] - OTC Markets Group's innovative model offers companies more efficient access to U.S. financial markets [4]
OTC Markets Group Welcomes Capitan Silver Corp. to OTCQX
Globenewswire· 2026-03-26 11:00
NEW YORK, March 26, 2026 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Capitan Silver Corp. (TSX-V: CAPT; OTCQX: CAPTF), a Canadian silver exploration company, has qualified to trade on the OTCQX® Best Market. Capitan Silver Corp. upgraded to OTCQX from the OTCQB® Venture Market. Capitan Silver Corp. begins trading today on OTCQX under the symbol “CAPTF.” U.S. investors can find current financial ...
First Quantum Minerals Provides Notice of Annual General Meeting of Shareholders and Filing of Management Information Circular and Supporting Documents
Globenewswire· 2026-03-26 11:00
Core Viewpoint - First Quantum Minerals Ltd. is set to hold its Annual General Meeting on May 7, 2026, providing shareholders with important updates and documents related to the company's performance and future plans [1][2]. Group 1: Company Overview - First Quantum is involved in the production of copper, nickel, and gold, along with exploration and development activities [3]. - The company operates mines in Zambia and Mauritania, with significant projects including the Cobre Panamá mine, which entered a preservation phase in November 2023, and the Ravensthorpe mine, which began care and maintenance in May 2024 [3]. - First Quantum is advancing the Taca Taca copper-gold-molybdenum project in Argentina and exploring the La Granja and Haquira copper deposits in Peru [3]. Group 2: Annual General Meeting Details - The Annual General Meeting will take place in person and online, allowing shareholders to participate remotely [1]. - Key documents related to the meeting, including the 2025 Annual Report and various forms for voting and financial statements, are available on SEDAR+ and the company's website [2].
VR Completes Bonding Process for NOI Drill Permit for its New Boston Moly-Tungsten-Copper-Silver Porphyry Project in Nevada
Globenewswire· 2026-03-26 11:00
Core Viewpoint - VR Resources Limited has successfully completed the reclamation bonding process with the Nevada Bureau of Land Management for its New Boston moly-tungsten-copper-silver porphyry project, paving the way for a spring drill program [1][4]. Group 1: Reclamation Bonding and Drill Permit - The bonding process was completed within ten business days following the issuance of the Notice of Intent (NOI) drill permit [2]. - The reclamation bonding covers eight potential drill sites in the Jeep Mine area, which spans a strike length of three to four kilometers and has direct road access [2]. Group 2: Upcoming Drill Program - An approximately 1,500 m drill program is planned to test new IP and conductivity geophysical anomalies at Jeep Mine, focusing on areas where these attributes coincide, indicating potential sulfide centers [3][6]. - The goal of the drill program is to explore the large-footprint moly-tungsten-copper-silver porphyry and skarn system, building on previous drilling results that showed continuous stockwork veining with copper and silver mineralization [6][11]. Group 3: Technical Insights - The inversion models from a 3D array DCIP geophysical survey completed in 2023 were reviewed, leading to a better understanding of the conductivity and IP chargeability anomalies at Jeep Mine [10]. - The planned drilling aims to further investigate the potential vein and sulfide center of the overall skarn and porphyry system at New Boston, based on the findings from the previous drilling at East Zone [11]. Group 4: Company Background - VR Resources is a junior exploration company based in Vancouver, focusing on copper, gold, and critical metals in Nevada and Ontario, utilizing modern exploration technologies and in-house expertise [13]. - The company has a proven track record in early-stage exploration, discovery, and mergers and acquisitions, owning its projects outright and continuously evaluating new opportunities [13].
Tilray Brands Announces Partnership with Popsicle® to Launch Popsicle Adult Beverages
Globenewswire· 2026-03-26 11:00
Core Viewpoint - Tilray Brands, Inc. has partnered with The Magnum Ice Cream Company to launch a new line of ready-to-drink alcoholic beverages inspired by iconic Popsicle flavors, targeting adult consumers in the U.S. market [3][4]. Company Overview - Tilray Brands, Inc. is a leading global lifestyle and consumer packaged goods company, listed on Nasdaq and TSX [3]. - The Magnum Ice Cream Company is the world's largest ice cream company, generating €7.9 billion in revenue in 2025, with a presence in 80 markets [6][7]. Product Launch - The new Popsicle® Hard flavored beverages will feature a 5% ABV and include flavors such as Hard Cherry, Hard Orange, and Hard Grape, available in a variety pack [4]. - The Popsicle Hard Variety Pack will be available in select retailers nationwide starting March 2026, with a special Popsicle Hard Firecracker beverage launching in May 2026 [4][5]. Strategic Goals - The partnership aims to leverage Tilray's beverage innovation expertise and Popsicle's nostalgic brand appeal to create a unique adult refreshment experience [5]. - The initiative reflects Tilray's strategy to build a dynamic portfolio of brands that resonate with consumers across various occasions [5].
Preliminary results for the year ended 31 December 2025
Globenewswire· 2026-03-26 11:00
Core Insights - OXB achieved a significant revenue growth of 33% on a constant currency basis, reaching £170.9 million, and reported revenues increased by 31% to £168.7 million for the year ended 31 December 2025, demonstrating strong commercial momentum and operational execution [2][7][39] - The company reported an Operating EBITDA profit of £2.3 million, a substantial improvement from a loss of £15.3 million in 2024, driven by revenue growth and a focus on operating costs [7][39][79] - OXB's strategic execution included the acquisition of an FDA-approved commercial-scale viral vector manufacturing facility in Durham, NC, enhancing its capabilities in the growing cell and gene therapy market [3][25][59] Financial Performance - Revenue from manufacturing services increased by 18.6% to £81.1 million, while development services grew by 27.1% to £60.1 million, and procurement services surged by 284.5% to £22.3 million [5][71] - Gross profit rose by 23.8% to £66.0 million, with a gross margin of 39% [5][76] - The revenue backlog increased by approximately 36% to around £204 million, indicating strong future revenue visibility [7][41] Strategic Expansion - OXB's acquisition of the Durham facility for $4.5 million (£3.3 million) added significant manufacturing capabilities and supports late-stage client programs and commercial launches [25][39][59] - The company entered into a new multi-year Commercial Supply Agreement with Bristol Myers Squibb for the manufacture and supply of lentiviral vectors, further solidifying its market position [7][45] - OXB's global CDMO network expansion is supported by a new four-year term loan facility of up to $125 million with Oaktree Capital Management and an equity raise of approximately £60 million [24][66] Market Position and Outlook - The global cell and gene therapy pipeline grew to 2,251 candidates, reflecting a robust market environment that OXB is well-positioned to capitalize on [26][39] - OXB anticipates FY 2026 revenues between £220-240 million, with an expected Operating EBITDA margin of around 10% [14][36] - The company aims for medium-term revenue growth of 25-30% in FY 2027-2028, with EBITDA margins projected to rise to at least 20% in FY 2027 [7][14] Innovation and Technology - OXB continues to focus on innovation, enhancing its viral vector manufacturing capabilities and integrating advanced technologies such as mass spectrometry and AI for process optimization [28][49][51] - The establishment of the Innovation and Technology Excellence Board aims to drive strategic investments in scalable technologies, ensuring OXB remains at the forefront of scientific advancement [29][39] Governance and ESG Initiatives - OXB strengthened its governance framework with new board appointments and incorporated ESG-linked key performance indicators into annual bonus arrangements, reflecting its commitment to sustainability [30][34] - The company achieved a reduction in operational emissions by over 6% and advanced its social responsibility agenda through enhanced employee engagement initiatives [32][33]
The Lovesac Company Reports Fourth Quarter and Fiscal 2026 Financial Results
Globenewswire· 2026-03-26 11:00
Core Insights - The Lovesac Company reported a 2.7% increase in net sales for Q4 FY26, reaching $248.0 million compared to Q4 FY25, and a 2.4% increase for the full fiscal year, totaling $697.1 million [1][9] - The company announced a new $40 million share repurchase authorization, increasing total availability to approximately $54.1 million [1][13] Financial Performance - Q4 FY26 net income was $32.1 million, or $2.19 per diluted share, down from $35.3 million, or $2.31 per diluted share in Q4 FY25 [9][33] - For FY26, net income decreased to $4.1 million, or $0.28 per diluted share, from $11.6 million, or $0.69 per diluted share in FY25 [9][13] - Gross profit for Q4 FY26 was $144.0 million, a decrease of 1.2% from the previous year, with a gross margin of 58.1%, down 230 basis points [9][10] Sales Channels - Showroom sales increased by 3.5% in Q4 FY26, totaling $159.8 million, while internet sales rose by 12.3% to $79.2 million [9][10] - The company opened 6 new showrooms and closed 3 during Q4 FY26, resulting in a total of 278 showrooms [9][10] Operating Expenses - Total operating expenses for Q4 FY26 were $99.1 million, a slight increase of 0.9% compared to the prior year [9][10] - Selling, general, and administrative (SG&A) expenses rose by 3.2% to $69.8 million in Q4 FY26, primarily due to higher payroll costs and new product innovation expenses [9][10] Cash Flow and Liquidity - Net cash provided by operating activities increased by 89.5% in Q4 FY26, amounting to $83.4 million [9][30] - The cash and cash equivalents balance as of February 1, 2026, was $101.9 million, up from $83.7 million a year earlier [13][30] Strategic Developments - The CEO highlighted the company's transition from a product-driven entity to a multi-platform lifestyle brand, with plans for new product launches in 2027 [3][9] - The company is adapting its marketing strategies and digital capabilities to support its growth ambitions despite a challenging macroeconomic environment [3][9]
Hyperion DeFi Reports 4Q and FY 2025 Financial Results with Quarter-over-Quarter Growth of +64% Revenue and +87% Adjusted Gross Profit
Globenewswire· 2026-03-26 11:00
Core Insights - Hyperion DeFi, Inc. reported significant growth in its DeFi operating businesses, exceeding Q4 guidance, with a focus on building a premier institutional gateway to DeFi innovation [2][8] - The company achieved a unique "Triple-Dip" HYPE deployment strategy, generating approximately 3x base staking income in Q4 [1][8] - Hyperion DeFi anticipates continued scaling of its business lines through 2026 and beyond, with a projected Adjusted Gross Profit of $4M-$6M for FY'26, approximately 4x the FY'25 results [12][19] Financial Performance - Q4 2025 GAAP revenue reached $496,229, a significant increase from Q3 2025's $302,506 [3] - Adjusted Gross Profit rose by 87% quarter-over-quarter from $439,386 in Q3 2025 to $820,997 in Q4 2025 [3][14] - The company reported a net loss of $39,765,565 in Q4 2025, compared to a net income of $6,625,582 in Q3 2025 [3][19] Token and Asset Management - As of March 23, 2026, the company holds over 1.93 million HYPE tokens, with a gross HYPE holding value of $73.9 million [1][19] - The effective average HYPE price in Q4 2025 was $35.12, down from $45.76 in Q3 2025 [13][19] - Treasury losses amounted to $36,783,228 in Q4 2025, a decline from gains of $11,868,872 in Q3 2025 [3][19] Business Lines and Growth Strategies - The company operates five diversified business lines, including Ecosystem Rewards, DeFi Monetization, Yield Enhancement, Validator Commissions, and Staking Yield [8][12] - Ecosystem Rewards generated $285,000 in Adjusted Gross Profit in Q4 2025, compared to none in Q3 2025 [18] - DeFi Monetization activities saw a significant increase, generating $102,000 in Q4 2025, up from less than $1,000 in Q3 2025 [12][18] Cost Management - Operating expenses excluding stock-based compensation decreased by 30% quarter-over-quarter from $4.3 million in Q3 2025 to $3.0 million in Q4 2025 [19] - Research and development expenses dropped by 49% from $374,000 in Q3 2025 to $189,000 in Q4 2025 [19] Future Outlook - The company has executed a non-binding Letter of Intent (LOI) to monetize the Optejet, with potential closing in Q2 2026 [1][18] - Hyperion DeFi is positioned to benefit from future token airdrops and protocol incentives through its active participation in the Hyperliquid ecosystem [18]