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SciSparc Ltd. Regains Compliance with Nasdaq Minimum Bid Price Notification
Globenewswire· 2025-07-22 11:32
Group 1 - SciSparc Ltd. has regained compliance with Nasdaq Listing Rule 5550(a)(2) after its ordinary shares maintained a minimum bid price of $1.00 per share for 10 consecutive business days [1][2] - The compliance determination by Nasdaq indicates that the prior bid price deficiency matter is now closed [2] - SciSparc is a clinical-stage pharmaceutical company focused on developing therapies for central nervous system disorders and rare diseases, with a portfolio that includes drug development programs for Tourette Syndrome, Alzheimer's disease, autism, and status epilepticus [3] Group 2 - The company is led by an experienced team of senior executives and scientists, emphasizing its expertise in cannabinoid pharmaceuticals [3] - SciSparc also has a controlling interest in a subsidiary that sells hemp seed oil-based products on the Amazon.com Marketplace [3]
Nevis Brands inks distribution deal targeting Midwest US - ICYMI
Proactiveinvestors NA· 2025-07-19 14:48
Core Viewpoint - Nevis Brands has signed a significant distribution agreement with ZT Distribution, allowing the company to expand its market presence by placing its hemp-derived THC beverages in nearly one thousand grocery and convenience stores across several Midwestern states [1][2][4]. Company Developments - The partnership with ZT Distribution marks a pivotal shift for Nevis Brands, transitioning from primarily operating in the dispensary market to mainstream retail environments, similar to where soft drinks and groceries are sold [4]. - The company is producing a ten-milligram version of its Happy Apple beverage, which is expected to be available in the market by mid-August [6]. Market Dynamics - The demand for hemp-derived THC beverages is increasing due to the mass acceptance and destigmatization of cannabis in the U.S., particularly in states like Wisconsin, Minnesota, and Illinois [5]. - The distribution of these products in grocery and convenience stores aligns with the trend of treating low-dose cannabis beverages similarly to beer, enhancing accessibility for consumers [5][6]. Financial Performance - Nevis Brands reported modest quarter-over-quarter revenue growth in its second quarter, although currency translation issues impacted overall financial results [7]. - The company is focused on cost management and driving EBITDA growth, aiming to improve its financial model by controlling production and wholesale pricing rather than relying solely on royalties [6][8][9].
Nevis Brands Reports Q2 2025 Results: Revenue Growth, Stable Gross Margin
Thenewswire· 2025-07-14 21:00
Core Insights - Nevis Brands Inc. reported a modest revenue increase in Q2 2025 compared to Q1, driven by stable revenues in licensed markets and early performance of its hemp-derived THC product line [2][4] - The company maintained a gross profit margin of 75%, reflecting the effectiveness of its capital-light licensing model [2][5] - Non-operational factors, including foreign exchange pressure and elevated audit fees, impacted earnings, resulting in a net loss of CAD 92,458 for the quarter [3][4] Financial Performance - Revenue for Q2 2025 was CAD 418,745, slightly up from CAD 416,355 in Q1 [4] - Gross profit was CAD 315,228, showing stability compared to CAD 315,345 in Q1 [4] - EBITDA for the quarter was CAD -16,226, a decline from CAD 135,038 in Q1 [4] Operational Highlights - Geographic expansion in New Jersey and Missouri contributed to revenue growth, with flagship brands Major™ and Happy Apple™ gaining traction [5] - The launch of the Happy Apple™ hemp-derived THC drink generated initial positive consumer feedback, with expectations for sales acceleration in the second half of fiscal 2025 [5] - The company's asset-light strategy continues to validate its gross margin of 75%, allowing for low fixed costs and adaptability to market changes [5] Strategic Outlook - Nevis is positioned to capitalize on growth drivers as the cannabis beverage category matures and consumer adoption increases [6] - The company is focused on scaling revenues and progressing towards sustained profitability, with strong brand momentum and disciplined cost control [6][11] - New distribution partnerships are under review, expected to enhance national distribution for Major™ and Happy Apple™ [11]
Burcon to Showcase Chipotle Black Bean Protein Hummus at 2025 IFT FIRST Annual Event & Expo
Newsfile· 2025-07-10 18:31
Core Viewpoint - Burcon NutraScience Corporation is set to showcase its innovative Chipotle Black Bean Protein Hummus at the IFT FIRST Annual Event & Expo, highlighting its advancements in plant-based protein technology [1][6]. Group 1: Product Innovation - The Chipotle Black Bean Protein Hummus is crafted using Burcon's proprietary triple blend of Peazazz®C pea protein, Puratein®C canola protein, and Solatein™ sunflower protein, resulting in a dip that is both flavorful and nutritious [6][8]. - Burcon's plant-based proteins boast over 90% purity, neutral flavor, and smooth mouthfeel, making them suitable for various food applications [6][9]. Group 2: Event Details - The IFT FIRST event will take place in Chicago from July 13-16, 2025, where Burcon will be located at booth S4066 [1][6]. - Attendees will have the opportunity to sample the Chipotle Black Bean Protein Hummus during a special tasting event on July 14 and 15, from 11:00 AM to 1:00 PM [7][9]. Group 3: Company Background - Burcon NutraScience is recognized as a global leader in high-performance plant-based proteins, with a strong commitment to sustainability and innovation in the food and beverage industry [11]. - The company holds an extensive patent portfolio covering novel proteins derived from various plant sources, positioning itself as a key player in the growing plant-based market [11].
Tilray Brands to Announce Fourth Quarter and Fiscal Year 2025 Financial Results on July 28, 2025
GlobeNewswire News Room· 2025-07-09 11:00
Core Viewpoint - Tilray Brands, Inc. is set to release its financial results for the fourth quarter and full fiscal year ended May 31, 2025, on July 28, 2025, after market close [1] Group 1: Financial Results Announcement - The financial results will be announced after market close on July 28, 2025 [1] - A live conference call and audio webcast will be held to discuss these results at 4:30 PM Eastern Time on the same day [2] Group 2: Company Overview - Tilray is a leading global lifestyle and consumer packaged goods company with operations in Canada, the United States, Europe, Australia, and Latin America [3] - The company focuses on the cannabis, beverage, wellness, and entertainment industries, aiming to elevate lives through moments of connection [3] - Tilray supports over 40 brands in over 20 countries, offering comprehensive cannabis products, hemp-based foods, and craft beverages [3]
Rocky Mountain High Brands Announces Updates
Globenewswire· 2025-06-24 13:00
Core Viewpoint - Rocky Mountain High Brands, Inc. (RMHB) is undergoing significant personnel changes and has reached a settlement in a lawsuit with a former landlord, which will allow the company to focus on its restructuring and growth initiatives [1][4]. Personnel Changes - The company has announced various personnel changes, including the resignation of key executives such as David Seeberger (Director & CEO), Imran Kaiser (Director & VP), and Winn Morrison (Director) as of June 2025 [10]. - A turnaround team is currently managing operations to minimize general and administrative costs while working with potential new directors who are existing investors [2][3]. Legal Settlement - RMHB prioritized settling a disputed lawsuit with its former landlord, resulting in a settlement that releases the company from all claims. This settlement was funded by existing investors who exchanged stock for payment, avoiding an increase in the company's debt [4]. Financial Restructuring - The company is in the process of restructuring, with over $400,000 in new capital raised in the first and second quarters of 2025, specifically for its wholly owned subsidiary, Rocky Mountain NexBev [5]. - A member of the turnaround team has loaned RMHB over $300,000, which will be converted to Paid In Capital in the second quarter of 2025 [5]. Operational Focus - Rocky Mountain NexBev will serve as the copacker and distribution center for the company's products, with plans to begin production of brands and private label customer products in the third quarter of 2025 [6]. - The delay in product launch due to the lawsuit settlement has opened new manufacturing opportunities, including non-food grade products, to complement existing beverage lines [6]. Business Strategy - RMHB aims to enhance the quality and expectations in the beverage sector, focusing on innovation and niche opportunities [7]. - The subsidiary, Rocky Mountain NexBev, specializes in non-alcoholic beverages and is expected to generate significant short-term revenue by exploring new customer opportunities, including a recently added customer, Smart Bio-Hemp™ Wood Protectant [8].
Premier Graphene Announces New Strategic Joint Venture in Unique, Proprietary, Body Armor Protection
Globenewswire· 2025-06-17 12:40
Following the Second Pending Contract for Protective Plates, Our Enhanced Proprietary Graphene Technology Will be Initiated for Coating of the ArmorEL CENTRO, Calif., June 17, 2025 (GLOBE NEWSWIRE) -- Premier Graphene Inc. (OTC: BIEI), formerly Premier Biomedical Inc., announced today, along with its affiliate HGI Industrial Technologies SAPI, and Nevada Ballistic Armor Corp., its launch of a multinational joint venture producing highly protective body armor for military. As part of this collaboration, Prem ...
Tilray Brands' Stockholders Approve Reverse Stock Split; Company Pauses Implementation as It Evaluates Timing and Stock Price
Globenewswire· 2025-06-10 20:05
Core Viewpoint - Tilray Brands, Inc. announced the approval of a reverse stock split at a ratio of 1-to-10 to 1-to-20, but has paused its implementation to evaluate timing and stock price [1][2]. Financial Structure - In the fiscal quarter ended February 28, 2025, Tilray reduced its total debt by approximately $76 million, resulting in a net debt to trailing twelve-months Adjusted EBITDA of less than 1.0x [3]. - As of the last fiscal quarter, Tilray's cash and marketable securities balance was approximately $250 million, providing financial strength and flexibility for strategic opportunities and acquisitions [3]. Strategic Objectives of Reverse Stock Split - The reverse stock split aims to ensure compliance with Nasdaq listing requirements, align the number of shares with similar companies, attract institutional shareholders, and potentially save up to $1 million annually in costs associated with stockholder meetings [7].
Evogene Announces Completion of First-In-Class Foundation Model for Generative Molecule Design, Developed in Collaboration with Google Cloud
Prnewswire· 2025-06-10 11:00
Core Insights - Evogene Ltd. has completed its generative AI foundation model, version 1.0, for small molecule design, developed in collaboration with Google Cloud, addressing the challenge of identifying novel small molecules for pharmaceutical and agricultural applications [1][6] - The new model enhances the capabilities of ChemPass AI by enabling simultaneous consideration of multiple complex product requirements, which is crucial for innovation and securing intellectual property [3][4] Company Developments - The foundation model achieves approximately 90% precision in novel molecule designs, a significant improvement over traditional methods which have around 29% precision [4] - The model is built on a dataset of approximately 38 billion molecular structures and utilizes Google Cloud's advanced AI infrastructure, ensuring scalability for future enhancements [5] - Evogene is already working on version 2.0 of its generative AI model, focusing on enhanced flexibility for multi-parameter optimization tailored to specific therapeutic and agricultural needs [6] Industry Implications - The generative AI model is expected to reduce late-stage failures in pharmaceutical R&D and facilitate the development of effective, sustainable, and proprietary agricultural chemicals [6] - The model's ability to create novel, patentable molecules positions Evogene to significantly impact drug discovery and agricultural product development [3][6]
Manitoba Harvest and Whole Foods Market Collaborate to Launch New Protein-Packed, Hemp+ Superfood Smoothie Boosters
Globenewswire· 2025-06-10 11:00
Core Insights - Manitoba Harvest, a leader in hemp foods and a wellness business under Tilray Brands, has expanded its Hemp+ portfolio with three new herbal-infused smoothie boosters aimed at enhancing nutrition, energy, mood, and immune support [3][4][5] Product Details - The new products include: - **Hemp+ Mood**: Contains organic hemp, ashwagandha, and lemon balm, providing 7g of protein and 3g of fiber per serving, designed to support mood balance [5][6] - **Hemp+ Energy**: Features organic hemp, guarana, and caffeine, offering 8g of protein and 3g of fiber per serving along with six essential vitamins and minerals for energy support [5][6] - **Hemp+ Immunity**: Combines hemp with elderberry, beet powder, and acerola cherry, providing protein, fiber, and antioxidants to support immune health [6] Market Availability - The new Hemp+ blends are exclusively available at select Whole Foods Market stores nationwide and on the Manitoba Harvest website [7] Company Background - Manitoba Harvest is recognized as a pioneer in hemp-based foods and is a Certified B Corporation, committed to quality, sustainability, and consumer wellness since 1998 [8][9]