Morien Announces Advancement of the Lazy Head Aggregate Project in Nova Scotia
Globenewswire· 2025-10-28 11:30
HALIFAX, Nova Scotia, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Morien Resources Corp. (“Morien” or the “Company”) (TSX-V: MOX) is pleased to announce the identification and advancement of the Lazy Head Aggregate Project (“Lazy Head” or the “Project”) in the Municipality District of Guysborough (the “MODG”), Nova Scotia – the first project to emerge from Morien’s strategic partnership with Carver Companies, LLC (“Carver”), a private U.S. based producer and distributor of construction aggregates. Lazy Head contempla ...
AYURCANN REPORTS FISCAL YEAR 2025 RECORD SALES OF $55,446,352 IN GROSS REVENUE, FEATURING 21% YEAR-OVER-YEAR INCREASE AND PROVIDES CORPORATE UPDATE
Globenewswire· 2025-10-28 11:30
Core Insights - Ayurcann Holdings Corp. has reported strong financial and operational results for the fiscal year ended June 30, 2025, highlighting its growth and market position in the Canadian cannabis industry [1][5]. Financial Highlights - Gross revenue reached CAD 55,446,352 for the fiscal year 2025, an increase from CAD 45,265,235 in 2024, reflecting a significant year-over-year growth [8]. - Adjusted EBITDA improved to CAD 507,570, compared to a loss of CAD 352,492 in FY2024, indicating a turnaround in financial performance [8]. Operational Highlights - The product portfolio has expanded to 80 SKUs nationwide, demonstrating the company's commitment to innovation and product diversity [8][9]. - Ayurcann's products are available in over 75% of licensed retail cannabis stores across Canada, showcasing a robust national distribution network [3]. - In Ontario, the largest cannabis market in Canada, Ayurcann has achieved over 80% retail penetration, with products in more than 1,500 licensed stores [4]. Market Position - Ayurcann has maintained a 100% year-over-year sales growth for the past three fiscal years (2021-2024), underscoring its operational strength and market leadership [2]. - The company has established strong relationships with the Ontario Cannabis Store and retail partners, enabling it to capture significant market share [4]. Corporate Update - Ayurcann will voluntarily delist from the OTCQB effective October 30, 2025, while continuing to trade on the Canadian Securities Exchange under the ticker symbol "AYUR" [10].
Polar received a Military contract to supply compact and light weight DC Generators for a mobile application
Globenewswire· 2025-10-28 11:30
GARDENA, CA, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power”) (NASDAQ: POLA), a manufacturer of DC generators, battery charging systems, EV chargers, microgrids, and backup power solutions, today announced it has received a $674,000 contract from a military customer for the delivery of compact, lightweight DC generators designed for mobile applications. The newly proposed model is approximately 25% smaller and lighter than Polar Power’s smallest generator currently deployed in military an ...
FG Nexus to Present at the 2025 ThinkEquity Conference
Globenewswire· 2025-10-28 11:30
Charlotte, NC, Oct. 28, 2025 (GLOBE NEWSWIRE) -- FG Nexus (Nasdaq: FGNX, FGNXP) (the "Company" or "FG Nexus"), today announced that management will participate at the ThinkEquity Conference on October 30th, 2025 at the Mandarin Oriental Hotel in New York City. Management will deliver a presentation on FG Nexus’ ETH treasury strategy and the Company’s views of Ethereum’s long-term impact on global financial markets. They will also be available for one-on-one meetings during the conference. Investors may regi ...
Midland Continues to Discover New Gold Mineralization at the Caniapisc Au Project, James Bay
Globenewswire· 2025-10-28 11:30
Core Insights - Midland Exploration Inc. announced positive gold results from its Caniapisc Au project, indicating a successful follow-up exploration program that identified new gold-bearing boulders and significant assay values [1][3][4] Exploration Program Details - The autumn exploration program included geological mapping, prospecting, soil sampling, and a 2,001-kilometre magnetic and electromagnetic geophysical survey [3][4][9] - A total of 111 grab rock samples and 112 soil samples were collected during the follow-up campaign, with results for soil samples still pending [3][5] Key Findings - The exploration program identified several new gold-bearing boulders, with a maximum assay value of 24.5 g/t Au from a selected grab sample [4][8] - Out of the rock samples, 16 returned gold values exceeding 0.5 g/t, including eight samples greater than 2.0 g/t Au [4][5] - A specific boulder returned a value of 19.2 g/t Au, while another returned 11.9 g/t Au, indicating a promising mineralization potential in the area [8] Geological Context - The Caniapisc Au project is located within the Ashuanipi Subprovince, characterized by a volcanosedimentary belt with historical exploration highlighting the potential for various mineralizations [10] - Previous till sampling surveys in the area identified gold anomalies, suggesting further exploration opportunities [10] Quality Control Measures - Rock and soil samples were analyzed at Actlabs laboratories, employing industry-standard quality assurance and control practices [12]
Repligen Reports Third Quarter 2025 Financial Results and Updates Full Year 2025 Financial Guidance
Globenewswire· 2025-10-28 11:30
Core Insights - Repligen Corporation reported strong financial results for Q3 2025, achieving 18% organic growth and a total revenue of $189 million, representing a 22% year-over-year increase [2][5][7] - The company raised its full-year revenue guidance to a range of $729 million to $737 million, indicating a projected non-COVID organic growth of 14% to 15.5% [3][5][10] Financial Performance - Q3 2025 revenue was $189 million, up from $155 million in Q3 2024, with a year-over-year increase of 22% as reported and 18% organic [5][7] - Year-to-date revenue for 2025 reached $540 million compared to $467 million for the same period in 2024 [7] - GAAP net income for Q3 2025 was $15 million, compared to a loss of $1 million in Q3 2024, with adjusted net income at $26 million versus $24 million [7][24] Growth Drivers - All franchises experienced double-digit revenue growth, with consumables and capital equipment revenues growing over 20% [6][5] - The Asia Pacific region led geographical growth, also exceeding double digits [6] - The launch of SoloVPE® PLUS contributed to record placements in Process Analytics equipment [6] Financial Guidance - The updated guidance for FY 2025 includes total reported revenue of $729 million to $737 million, with an expected growth rate of 15% to 16% [10] - Adjusted net income guidance is set between $93.5 million and $95 million, with diluted earnings per share projected at $1.65 to $1.68 [10][34] Margin Analysis - Q3 2025 GAAP gross margin improved to 53.2% from 50.0% in Q3 2024, while adjusted gross margin was 53.3% compared to 50.7% [8][29] - Operating margin for Q3 2025 was 8.9%, a significant improvement from a loss margin of (5.1)% in Q3 2024 [8][29] Strategic Initiatives - Repligen announced a strategic partnership with Novasign to integrate digital twin capabilities into its filtration systems [6] - The company continues to focus on innovation and efficiency in bioprocessing technologies, serving biopharmaceutical developers and CDMOs globally [13]
Cronos Brings Back Popular, Limited-Edition Spinach® Green Apple-Flavored Products for the Fall Season
Globenewswire· 2025-10-28 11:30
Limited-Edition Spinach® Green Apple-Flavored Limited-Edition Spinach® Green Apple-Flavored TORONTO, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos”), an innovative global cannabinoid company, announced today that it is welcoming back its limited-edition Caramel Green Apple flavor to its best-selling lineup of SOURZ by Spinach® edibles for the fall and Halloween season. The return of this popular and limited-edition product, which features buttery, sweet carame ...
Kiniksa Pharmaceuticals Reports Third Quarter 2025 Financial Results and Recent Portfolio Execution
Globenewswire· 2025-10-28 11:30
Core Insights - Kiniksa Pharmaceuticals reported a significant increase in net product revenue for ARCALYST, reaching $180.9 million in Q3 2025, which represents a 61% year-over-year growth [1][7] - The company raised its 2025 net sales guidance for ARCALYST to between $670 million and $675 million, up from a previous estimate of $625 million to $640 million [2][13] - KPL-387 received Orphan Drug Designation from the FDA for the treatment of pericarditis, indicating potential for expanded treatment options in this area [1][15] Financial Results - Total revenue for Q3 2025 was $180.9 million, compared to $112.2 million in Q3 2024 [7][22] - Net income for Q3 2025 was $18.4 million, a turnaround from a net loss of $12.7 million in Q3 2024 [13][22] - Cash balance increased by $44.3 million in Q3 2025, totaling $352.1 million as of September 30, 2025 [1][13] Portfolio Execution - The average total duration of ARCALYST therapy for recurrent pericarditis increased to approximately 32 months by the end of Q3 2025, up from 27 months at the end of 2024 [7] - Kiniksa is on track to report data from the Phase 2 dose-focusing portion of the KPL-387 Phase 2/3 trial in the second half of 2026 [2][7] - KPL-1161 is undergoing IND-enabling development activities, targeting quarterly subcutaneous dosing [5][16] Market Position - Over 3,825 prescribers have written ARCALYST prescriptions for recurrent pericarditis since its launch, indicating strong market adoption [7] - The company aims to enhance its IL-1α & IL-1β inhibition franchise with the development of KPL-387, potentially expanding its market penetration [2][15]
Hubbell Reports Third Quarter 2025 Results
Globenewswire· 2025-10-28 11:30
Core Insights - Hubbell Incorporated reported strong third-quarter results for 2025, with double-digit adjusted earnings per diluted share growth driven by robust organic growth in Electrical Solutions and Grid Infrastructure products within the Utility Solutions segment, alongside a lower year-over-year tax rate [2][3]. Financial Performance - The Utility Solutions segment net sales increased by 1% to $944 million compared to $933 million in Q3 2024, with organic net sales also up approximately 1%. Grid Infrastructure net sales rose by about 9%, while Grid Automation net sales fell by approximately 18% [5]. - The Electrical Solutions segment net sales grew by 10% to $559 million compared to $510 million in Q3 2024, with organic net sales increasing by 8% and an acquisition contributing 1% [6]. - The effective tax rate decreased to 17.5% in Q3 2025 from 21.0% in Q3 2024, primarily due to a significant income tax benefit from an international restructuring [7]. - Adjusted diluted EPS for Q3 2025 was $5.17, compared to $4.61 in Q3 2024, reflecting a 12% increase [8][12]. Operational Highlights - The company achieved an operating margin of 22.0% in Q3 2025, up from 21.7% in Q3 2024, while the adjusted operating margin was 23.9%, compared to 23.8% in the prior year [12][36]. - Net cash provided by operating activities was $284 million in Q3 2025, an increase from $227 million in the same period of 2024. Free cash flow also rose to $254 million from $189 million year-over-year [9]. Outlook - For the full year 2025, Hubbell anticipates diluted EPS in the range of $16.55-$16.75 and adjusted diluted EPS between $18.10-$18.30, with total sales growth and organic net sales growth expected to be 3-4% [10][11].
Dynacor Group Declares November 2025 Dividend
Globenewswire· 2025-10-28 11:30
Core Points - Dynacor Group Inc. announced a monthly dividend payment of C$0.01333 per common share for November 2025, payable on November 19, 2025, to shareholders of record as of November 11, 2025, marking the sixty-eighth dividend and fifty-eighth monthly payment made to shareholders [1][2] - The monthly dividend qualifies as an "eligible dividend" for Canadian income tax purposes, with future payments and increases at the discretion of the Board based on financial results and other relevant factors [2] Company Overview - Dynacor Group is an industrial ore processing company focused on producing gold sourced from artisanal miners, established in 1996, and has developed a responsible mineral supply chain with strict traceability and audit standards [3] - The company operates the Veta Dorada plant and owns a gold exploration property in Peru, with plans for expansion into West Africa and Latin America [3] Social Responsibility - The premium paid by luxury jewellers for Dynacor's PX Impact® gold is directed to the Fidamar Foundation, an NGO that invests in health and education projects for artisanal mining communities in Peru [4]