Stoker's Launches Fine Cut Wintergreen in Convenient Can Format
Globenewswire· 2025-08-26 00:43
Core Insights - Stoker's has launched a new 1.2-ounce can of its Fine Cut Wintergreen, expanding its moist smokeless tobacco (MST) portfolio and catering to both existing fans and new consumers [1][2][3] Product Launch Details - The Fine Cut Wintergreen was previously available only in 12-ounce tubs and is now offered in a compact can format, enhancing convenience and freshness for consumers [2][4] - The new can format is expected to drive trial purchases and meet consumer demand, with stores carrying both cans and tubs seeing MST sales increase by three to five times compared to those that do not [3] Retail and Distribution Strategy - The Fine Cut Wintergreen can will be available in select retail stores and will continue to roll out nationwide throughout 2025, targeting both independent and chain retailers [4] - The launch aims to fill a gap in the MST lineup and provide outstanding value and performance at retail [3] Company Background - Stoker's has a heritage dating back to 1940 and holds the No. 2 position in the chewing tobacco category, being one of the fastest-growing brands in the moist snuff segment [5] - The brand is manufactured and distributed by Turning Point Brands (NYSE: TPB), which is known for its branded consumer products [5]
Goldmoney Inc. Announces Change of Auditor
Globenewswire· 2025-08-26 00:24
Core Viewpoint - Goldmoney Inc. has changed its auditor from KPMG LLP to BDO Canada LLP, with the transition effective from August 19, 2025 [1][2]. Auditor Change Details - The former auditor, KPMG LLP, resigned at the request of the company effective August 14, 2025 [2]. - The new auditor, BDO Canada LLP, has been appointed to hold the position until the next annual meeting of shareholders [2]. - There were no modified opinions or reportable events from the former auditor regarding the financial statements for the last two fiscal years or the period up to the resignation date [3]. Compliance and Documentation - The company has filed a Change of Auditor Notice on SEDAR+, along with letters from both the former and successor auditors confirming their agreement with the information in the notice [4]. Company Overview - Goldmoney Inc. specializes in the investment and custody of enduring real assets, offering precious metals trading services, secure custody, and storage solutions [5]. - The company also has diversified interests in property investment and jewelry manufacturing [5].
Christina Lake Cannabis Announces Intention to Amend Debentures
Globenewswire· 2025-08-26 00:03
Core Viewpoint - Christina Lake Cannabis Corp. is amending the terms of $960,000 principal amount of convertible debentures to extend the maturity date by one year as part of a strategic financial optimization initiative [1][2]. Group 1: Debenture Amendments - The original maturity date of the debentures issued on September 7, 2022, and October 14, 2022, is being extended by one year, with the new maturity date set to be one year later [2]. - The interest rate on the debentures will remain unchanged, and repayment will begin on a quarterly basis starting December 7, 2025, ensuring full repayment by the new maturity date [2][3]. - The company is not in default under any of the debentures and is seeking approval from the holders of the debentures for these amendments [2][3]. Group 2: Company Overview - Christina Lake Cannabis is a licensed cannabis producer under the Cannabis Act, with a standard cultivation license and a research and development license from Health Canada [4]. - The company operates on a 32-acre property with over 950,000 square feet of outdoor grow space and additional facilities for processing and extraction [4]. - Christina Lake Cannabis focuses on producing high-quality outdoor flower, extracts, and distillate for its B2B client base [4].
Primior Holdings (OTC: GRLT) Reports Q2 2025 Results: Total Income Up 134% Year over Year; $0.69M Net Income; Gross Margin 88%
Globenewswire· 2025-08-25 23:40
Core Insights - Primior Holdings Inc. reported significant financial growth in Q2 2025, with total income more than doubling year over year and gross margin reaching 88 percent [2][7] - The company is advancing its real estate development projects and making progress on its tokenization platform, Gaia, which is expected to begin internal testing by the end of September 2025 [3][4] Financial Performance - Total income from the real estate development business was $1,483,454, reflecting a 134% increase year over year [7] - Gross margin was reported at $1,307,170, which is 88.1% of total income [7] - Operating income stood at $726,713, with an operating margin of approximately 49% [7] - Net income for the quarter was $694,865, with earnings per share (basic and diluted) at $0.0001803 [7] Business Updates - In the real estate development segment, construction activities are progressing, with grading completed for a 7-unit development in Glendale, California, and the team mobilizing for the next phase [2] - The company is diversifying into trending markets, including AI, and has established brokerage accounts with Wells Fargo and Interactive Brokers to support this strategy [4] Corporate Actions - Primior Holdings has submitted requests for corporate actions, including a reverse split, name change, and ticker change, and is awaiting regulatory responses [8] - The company plans to convert a related party note of $27,000,000 into common equity, targeting completion before the end of September 2025, subject to approvals [8]
AlphaGen Announces Closing of Private Placement Offering
Globenewswire· 2025-08-25 23:00
Core Points - AlphaGen Intelligence Corp. has successfully closed a non-brokered private placement offering, issuing 700,000 common shares at a price of $0.12 per share, resulting in total gross proceeds of $84,000 [1][2] Group 1: Offering Details - The net proceeds from the offering will be utilized for general working capital purposes [2] - No finder's fees were paid in connection with the offering [2] - All securities issued are subject to a statutory hold period of four months and one day, expiring on December 26, 2025 [2] Group 2: Company Overview - AlphaGen Intelligence Corp. is publicly traded and holds a portfolio of assets in gaming, entertainment, eCommerce, and retail [4] - The company operates units such as Shape Immersive, a metaverse studio focused on web3 gaming and virtual retail experiences, and MANA, a SaaS solution for community engagement [4] - Notable clients and partners include RTFKT, Olympics, Red Bull, Intel, and TED [4]
Hydreight Achieves 33% YoY H1 Revenue Growth, Records 3rd Consecutive Quarter of Profitability, and Strengthens Performance Across Verticals
Globenewswire· 2025-08-25 22:38
“We had a great first 6 months, with 33% year-over-year growth. We have also exceeded our internal metrics across all verticals in the first seven months of the year, reinforcing the strength of our strategy. A key focus has been our investment in making the VSDHOne platform fully modular, allowing customers to adopt it module by module to fit their needs. At the same time, we’ve been prioritizing acquisitions and strategic investments that strengthen our margins, accelerate growth, and expand our ecosystem ...
Pacific Green secures AU$77 million debt facility to accelerate BESS development in Australia
Globenewswire· 2025-08-25 22:30
Core Insights - Pacific Green Technologies, Inc. has successfully completed a financing raise of up to AU$77 million to support the development of a 7 GWh battery energy storage pipeline in Australia [1][2]. Group 1: Financing and Development - The financing will be provided by Longreach Credit Investors and Australian Philanthropic Services Foundation over a 24-month period [1]. - The capital raised will enable Pacific Green to expand its platform footprint and accelerate the development of its battery energy storage system (BESS) projects across the Australian National Electricity Market [2]. Group 2: Strategic Partnerships - The partnership with Longreach Credit Investors reflects their commitment to supporting high-quality Australian businesses through customized debt solutions [3]. - Australian Philanthropic Services Foundation expresses excitement in continuing support for Pacific Green as it advances the energy transition in Australia [3].
ReconAfrica Announces Second Quarter Filings
Globenewswire· 2025-08-25 22:00
Core Viewpoint - Reconnaissance Energy Africa Ltd. has filed its fiscal second quarter disclosure documents for the period ended June 30, 2025, including unaudited consolidated financial statements and Management's Discussion and Analysis [1] Operational and Corporate Update - The company spud the Kavango West 1X exploration well on July 31, 2025, and drilling is currently on schedule [2][3] - The company expects to penetrate the Otavi reservoir by late October and reach total depth by the end of November 2025, with well results anticipated around year-end [2][3] Financial Update - On June 17, 2025, the company closed a C$19 million equity financing, which was upsized from the originally announced C$10 million offering [7]
MOD Feasibility Study Confirms Robust Capital Intensity and 31%+ IRR; Maiden Ore Reserve
Globenewswire· 2025-08-25 21:58
Core Viewpoint - Marimaca Copper Corp. announced the results of its Definitive Feasibility Study (DFS) for the Marimaca Oxide Deposit (MOD), targeting a nominal production of 50,000 tonnes per annum (ktpa) of copper cathode over an estimated 13-year reserve life [1][2][3] Financial Metrics - The pre-production capital cost is estimated at US$587 million, with a capital intensity of US$11,700 per tonne of copper production capacity, positioning the MOD among the lowest capital cost copper projects globally [2][20][26] - The post-tax Net Present Value (NPV8) is estimated at US$709 million, with an Internal Rate of Return (IRR) of 31% based on a long-term copper price of US$4.30 per pound [2][39][45] - At the current 3-month rolling average COMEX price of US$5.05 per pound, the post-tax NPV8 increases to US$1.07 billion, with a 39% IRR [2][39] Production and Operating Costs - The DFS outlines a steady-state production of approximately 49 ktpa of Grade A LME copper cathode during years 2-10, with average C1 cash costs of US$1.68 per pound and All-In Sustaining Costs (AISC) of US$2.09 per pound during this period [2][19][34] - The life-of-mine (LOM) C1 cash costs are projected at US$1.84 per pound, with AISC at US$2.29 per pound [2][34][37] Mining and Recovery - The mining operation will utilize a simple open-pit method with a life-of-mine strip ratio of 0.8:1, including pre-stripped material [2][12] - The LOM heap leach copper recoveries are estimated at 72%, with the first five years projected at 78% [2][16] Growth Opportunities - The DFS is viewed as a starting point for the company's organic growth strategy, with potential for future expansions and additional production capacity from nearby deposits such as Pampa Medina and Madrugador [2][7][9] - The company is also exploring sulphide exploration potential at both Marimaca and Pampa Medina, supported by recent drilling successes [2][7] Project Development and Financing - The project permitting process is well underway, with environmental approvals anticipated by the end of 2025, allowing construction to commence in 2026 [2][8] - Debt financing discussions are ongoing, with the objective of identifying preferred financing partners by year-end 2025 [2][48][49] Technical and Operational Details - The DFS incorporates a dynamic geo-metallurgical model based on extensive metallurgical testing, ensuring robust forecast economics [2][16] - Initial designs include oversized key equipment and infrastructure to facilitate potential future scale expansions [2][6]
Sonder Holdings Inc. Announces First Quarter 2025 Financial Results
Globenewswire· 2025-08-25 21:55
Core Viewpoint - Sonder Holdings Inc. reported its financial results for Q1 2025, highlighting a strategic licensing agreement with Marriott and ongoing compliance issues with Nasdaq [1][4][5]. Financial Highlights - Revenue for Q1 2025 was $118.9 million, a decrease of 11% year-over-year [9]. - Net loss for the quarter was $56.5 million, representing a 12% increase compared to the same period in 2024 [9]. - Adjusted EBITDA was $(56.7) million, a slight decrease of 1% year-over-year [9]. - RevPAR (Revenue Per Available Room) increased by 13% to $139 [9]. - Occupancy rate improved to 83%, up by seven percentage points year-over-year [9]. - Bookable nights decreased by 21% to 858,000 due to the Portfolio Optimization Program [9]. Compliance and Regulatory Issues - Sonder received a deficiency notification from Nasdaq for failing to timely file its Q2 2025 Form 10-Q [5][6]. - The company had previously received a notice for non-compliance regarding its 2024 Form 10-K filing [6]. - A compliance plan was submitted to Nasdaq, allowing up to 180 days to regain compliance [7]. Strategic Developments - Sonder completed the integration with Marriott in Q2 2025, with all properties now bookable through Marriott's platforms [4]. - The partnership with Marriott enhances Sonder's visibility and access to a broader customer base [4]. Cash Flow and Liquidity - Cash used in operating activities improved by 89% year-over-year to $4.4 million [9]. - Total cash, cash equivalents, and restricted cash amounted to $66.5 million as of March 31, 2025 [9]. - Adjusted Free Cash Flow was $(6.9) million, a 76% increase year-over-year [9].