Workflow
Rubicon Organics Reports Q1 2025 Financial and Operating Results
Globenewswire· 2025-05-28 02:00
Core Insights - Rubicon Organics Inc. reported a strong Q1 2025 with a 39% year-over-year revenue growth, achieving net revenue of CAD 12.4 million and positive Adjusted EBITDA for the fourth consecutive quarter [2][5][7] Financial Performance - Net revenue for Q1 2025 was CAD 12,376,056, a 39.2% increase from CAD 8,890,417 in Q1 2024 [20] - Adjusted EBITDA for Q1 2025 was CAD 717,892, an improvement of CAD 1,141,104 year-over-year [27] - Gross profit before fair value adjustments was CAD 3,787,353, representing a gross profit margin of 31%, up from 25% in the prior year [20] Operational Highlights - The company has a fully licensed Delta Facility with an annual production capacity of 11,000 kg and plans to acquire the Hope Facility, which will add 4,500 kg of annual production capacity, a 40% increase [6][11] - Rubicon achieved a national market share of 2.0% in flower and pre-rolls, 5.1% in premium flower and pre-rolls, and 14.7% in resin vapes [8] Strategic Initiatives - The company completed a private placement for gross proceeds of CAD 4.5 million, enhancing its financial flexibility for future growth [2][7] - Rubicon is focused on disciplined growth, operational efficiency, and product innovation to maintain its leadership in the premium organic cannabis market [2][5] Market Position - Rubicon's brand equity and consumer loyalty are highlighted as key differentiators in a rationalizing Canadian market and increasing global demand for high-quality cannabis [7][10] - The company has received certification for compliance with GACP standards and completed its first shipment to Europe, indicating readiness for international expansion [8][18] Future Outlook - The company anticipates continued revenue and Adjusted EBITDA growth in 2025, despite the expected impact of operational startup costs related to the Hope Facility [19] - Rubicon plans to leverage its unique cannabis genetics and strong brand presence to capture growing domestic and international market opportunities [16][18]
Graphjet Technology Finalizing Annual Report
GlobeNewswire News Room· 2025-05-28 01:00
Company Overview - Graphjet Technology is a leading developer of patented technologies to produce graphite and graphene from agricultural waste, specifically palm kernel shells [2][4] - The company was founded in 2019 in Malaysia and has developed the world's first patented technology for recycling palm kernel shells into single-layer graphene and artificial graphite [4] Financial Reporting - The company is finalizing its financial statements for the fiscal year ended December 31, 2024, and aims to file its Annual Report on Form 10-K by the end of June 2025 [2][3] - Graphjet Technology is working closely with its independent registered public accounting firm to ensure the audit of the financial statements is completed expediently [3] Management and Leadership - Aiden Lee, a founder of the company, has recently increased his stake and expressed confidence in the new board of directors, which comprises various professionals with the necessary experience to guide the company forward [4]
American Hotel Income Properties REIT LP Provides Update On Voting And Notes Adjustment To Its Management Information Circular
Globenewswire· 2025-05-28 01:00
Core Points - American Hotel Income Properties REIT LP (AHIP) is experiencing delays in proxy-related materials for the annual and special meeting due to a labor dispute with the Canadian Union of Postal Workers [1] - The meeting is scheduled for June 26, 2025, and unitholders can still vote via proxy or through intermediaries [2][3] - An adjustment to the Management Information Circular dated May 15, 2025, has been communicated to unitholders [4] Summary of Management Information Circular - As of May 15, 2025, the total number of units reserved under the Amended and Restated Securities-Based Compensation Plan (SBC Plan) was 4,355,078, which is approximately 5.58% of the issued and outstanding units on a non-diluted basis [5] - The breakdown includes 2,155,078 full value awards and 2,200,000 unit-options [5] - After adjusting for a maximum payout of 200% for previously issued RSUs, the total number of units reserved under the SBC Plan increased to 5,174,399, representing approximately 6.63% of the issued and outstanding units [6] - The adjusted figures include 3,024,399 full value awards and 2,150,000 unit-options [6] Company Overview - AHIP is a limited partnership focused on investing in hotel real estate properties across the United States [7] - The portfolio consists of premium branded, select-service hotels located in secondary metropolitan markets [7] - AHIP aims to enhance the value of its hotel properties through operational excellence, active asset management, and capital expenditures, while also increasing unitholder value and distributions [7]
Kuehn Law Encourages Investors of TransMedics Group, Inc. to Contact Law Firm
Prnewswire· 2025-05-28 00:32
Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by officers and directors of TransMedics Group, Inc. related to shareholder interests [1] Group 1: Allegations Against TransMedics - A federal securities lawsuit claims that insiders at TransMedics misrepresented or failed to disclose critical issues, including the use of kickbacks, fraudulent overbilling, and coercive tactics to generate business and revenue [2] - The lawsuit also alleges that TransMedics engaged in unsafe practices, concealed safety issues, and lacked adequate safety oversight, which increased regulatory scrutiny and risk [2] - As a result of these actions, statements regarding TransMedics' business operations and prospects were deemed materially false and misleading [2] Group 2: Shareholder Actions - Shareholders who purchased TMDX shares prior to February 28, 2023, are encouraged to contact Kuehn Law for potential legal action, as there may be limited time to enforce their rights [3] - Kuehn Law offers to cover all case costs and does not charge its investor clients, emphasizing the importance of shareholder participation in maintaining market integrity [4]
Sun Country Airlines Will Participate in the 3rd Annual Morgan Stanley Travel & Leisure Conference as Well as the 9th Annual TD Cowen Future of the Consumer Conference
Globenewswire· 2025-05-28 00:05
Company Participation - Sun Country Airlines' CFO Bill Trousdale will participate in a panel at the Morgan Stanley Travel & Leisure Conference on June 3 at 10:15 AM EST [1] - Trousdale will also engage in a fireside chat at the TD Cowen Future of the Consumer Conference on June 4 at 1:15 PM EST [1] - Live webcasts of these events will be available on the Sun Country investor relations website [1] Company Overview - Sun Country Airlines is a hybrid low-cost air carrier focused on connecting guests to leisure destinations and facilitating transformative experiences [2] - The company operates a synergistic business model that includes scheduled service, charter, and cargo operations [2] - Based in Minnesota, Sun Country primarily serves leisure travelers and charter customers, and provides cargo services to Amazon, with flights across the U.S. and to Mexico, Central America, Canada, and the Caribbean [2]
Cemtrex, Inc. Announces Launch of Proposed Public Offering
Globenewswire· 2025-05-28 00:05
Core Viewpoint - Cemtrex, Inc. has initiated a public offering of Common Stock and pre-funded warrants to raise capital for general corporate purposes, debt repayment, and working capital needs [1][2]. Group 1: Offering Details - The offering is being managed by Aegis Capital Corp. on a firm commitment basis [3]. - The offering is conducted under an effective shelf registration statement filed with the SEC, which was declared effective on February 3, 2025 [3]. - A final prospectus supplement and accompanying prospectus will be filed with the SEC and made available on their website [3]. Group 2: Company Overview - Cemtrex, Inc. operates in the Security and Industrial sectors, with its Security segment providing advanced video management software and integrated surveillance solutions [5]. - The Industrial segment offers expert services such as rigging and equipment installation to manufacturers across the nation [5]. - The company emphasizes innovation, execution, and strategic growth to enhance safety, efficiency, and value for customers and shareholders [5].
Canadian North Resources Inc. Reports Operational and Financial Results for the First Quarter Ended March 31, 2025
Globenewswire· 2025-05-28 00:01
Core Viewpoint - Canadian North Resources Inc. reported positive operational and financial results for Q1 2025, highlighting advancements in bio-leaching technology for the Ferguson Lake Project, which could lead to lower costs and a reduced carbon footprint in mining operations [2][3][6]. Financial Performance - For the quarter ended March 31, 2025, the company reported cash and cash equivalents of $771,839 and a net profit of $46,394, equating to $0.00 per share [9]. Project Development - The company commenced extensive bio-leaching tests for the Ferguson Lake Project, achieving nickel extraction rates of 97.8-98.9% and cobalt extraction rates of 96.0-97.7%, with initial copper extractions of 73.6-75.4% [3][6]. - The bio-leaching tests aim to develop a mineral processing flowsheet that simplifies processing and reduces capital expenditures, energy consumption, and operating costs [3][6]. Community Engagement - The company has increased communications with local communities, governments, and investors regarding the potential development of the Ferguson Lake Project following community engagement programs in 2024 [3][5][6]. Shareholder Value Initiatives - The company repurchased 162,500 common shares at an average price of $0.97 per share under its Normal Course Issuer Bid (NCIB), reflecting management's commitment to returning value to shareholders [7][13]. - The company believes the current market price does not fully represent the intrinsic value of its common shares [7][13]. Industry Context - Canadian North Resources focuses on critical metals for clean energy, electric vehicles, and battery industries, advancing its 100% owned Ferguson Lake project, which is one of the largest and highest-grade deposits in North America [11][12].
Freight Technologies Exchanges Senior Convertible Notes for Series A4 Preferred Shares under the $20 Million Facility
Globenewswire· 2025-05-27 23:50
Core Points - Freight Technologies, Inc. has entered into an Amendment and Exchange Agreement with an accredited investor to convert $1.5 million of senior convertible notes into Series A4 preferred shares [1][2] - The net proceeds from a $20 million Facility are designated for the purchase of OFFICIAL TRUMP coins [1] - The New Preferred Shares can be converted into ordinary shares, and the company must reserve enough ordinary shares for this conversion [2] - The total number of ordinary shares issued upon conversion of New Preferred Shares is limited to 19.9% of the outstanding ordinary shares unless stockholder approval is obtained [3] Company Overview - Freight Technologies, Inc. (Nasdaq: FRGT) is a technology company focused on logistics management, offering a range of AI and machine learning-driven solutions to optimize supply chain processes [5] - The company's portfolio includes various platforms such as Fr8App for B2B cross-border shipping, Fr8Now for less-than-truckload shipping, and Fleet Rocket for transportation management [5] - The company is headquartered in Houston, Texas, and aims to improve operational efficiency through innovative technologies like live pricing and real-time tracking [5]
Aja Health and Wellness Inc. Announces Launch of Nasal Product for Migraine Headache Relief and Provides Update on Delay in Filing Financial Statements
Globenewswire· 2025-05-27 23:41
Core Viewpoint - Aja Health and Wellness Inc. is launching a nasal spray product for migraine relief, targeting a significant market of migraine sufferers in the United States and globally [2][4]. Product Launch - Aja Therapeutics Inc. has completed initial testing of the nasal spray and plans to release it for retail sale in the United States on May 28, 2025, available for purchase at www.easemyheadache.com [3]. - The nasal spray utilizes a proprietary flavonoid extract that aims to provide fast relief from migraine pain without side effects or long-term damage [4]. Market Opportunity - There are approximately 32 million migraine sufferers in the United States seeking alternatives to traditional migraine treatments, with an additional 16 million in Canada and the United Kingdom, indicating a substantial global market opportunity for the product [4]. Financial Reporting Update - Aja is nearing the completion of its annual audited financial statements for the year ending December 31, 2024, after a delay caused by the auditors' need for guidance on a reverse takeover transaction [5][6]. - The company expects to engage a valuator by June 2, 2025, to complete the necessary valuation for the financial statements, with an anticipated filing date for the required annual filings by July 31, 2025 [6]. Interim Financial Statements - Due to the delay in annual filings, Aja anticipates being unable to file its unaudited interim financial statements for the three months ended March 31, 2025, by the May 30, 2025 deadline, but plans to file them concurrently with the annual filings [9].
Kochav Defense Acquisition Corp. Announces Pricing of $220,000,000 Initial Public Offering
Globenewswire· 2025-05-27 23:39
Company Overview - Kochav Defense Acquisition Corp. is a blank check company formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [2] - The company intends to focus on the defense and aerospace industries for its initial business combination target [2] - The management team includes Menny Shalom as CEO and Asaf Yarkoni as CFO, with independent directors Doron Dovrat, Yair Ramati, and Gill Zaphrir [2] Initial Public Offering (IPO) Details - The company announced the pricing of its IPO, offering 22,000,000 units at a price of $10.00 per unit [1] - The units are expected to be listed on the Nasdaq Global Market under the ticker symbol "KCHVU" starting May 28, 2025 [1] - Each unit consists of one Class A ordinary share and one right to receive one-seventh (1/7) of a Class A ordinary share upon the completion of the initial business combination [1] - The offering is expected to close on May 29, 2025, subject to customary closing conditions [1] Underwriting and Legal Counsel - SPAC Advisory Partners LLC acted as the sole book-running manager for the offering [3] - Legal counsel for the company includes Ellenoff Grossman & Schole LLP and Appleby (Cayman) Ltd., while Loeb & Loeb LLP served as legal counsel to the underwriters [3] - The company has granted underwriters a 45-day option to purchase up to an additional 3,300,000 units at the IPO price to cover over-allotments [3] Regulatory Information - A registration statement relating to the units and underlying securities was declared effective by the Securities and Exchange Commission on May 27, 2025 [4] - The offering is being made only by means of a prospectus, which can be obtained from Kingswood Capital Partners, LLC [5]