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Cannabis company Hexo regains compliance with Nasdaq's minimum bid price requirement
Marijuana

Cannabis company Hexo regains compliance with Nasdaq's minimum bid price requirement

Coverage: 4 sources
Gatineau, Que.-based Hexo became non-compliant with the requirement when its closing bid price for common shares listed on the Nasdaq dropped below US$1 for 30 consecutive trading days. The company says it received a notice from Nasdaq on Jan. 19 that it has regained compliance. CEO of Hexo says the market is starting to recognize the strides the company has made.See the Story
Village Farms Stock Plummets On $25M Registered Direct Offering
Finance

Village Farms Stock Plummets On $25M Registered Direct Offering

100% Center coverage: 2 sources
Village Farms International, Inc. (NASDAQ: VFF) announced today that it has entered into definitive agreements with certain institutional investors for the purchase and sale of 18,350,000 of its common shares. The common shares and warrants are being sold at a combined purchase price of US$1.35 per share and accompanying warrant for expected gross proceeds of approximately US$25 million. The closing of the offering is subject to customary closing conditions, and is expected to close on or about January 30, 2023.See the Story
POSaBIT to Acquire MJ Platform, Leaf Data Systems and Ample Organics for US$4 Million Adding 350+ Merchants and More than US$2 Billion in GMV
Business

POSaBIT to Acquire MJ Platform, Leaf Data Systems and Ample Organics for US$4 Million Adding 350+ Merchants and More than US$2 Billion in GMV

100% Right coverage: 1 sources
POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) announces it has signed a definitive agreement to acquire MJ Platform, Leaf Data Systems and Ample Organics for US$4 million in an all-cash transaction. The Acquired Companies are expected to generate approximately US$11.0 million in revenue and US$6.8 million in gross profit during the 12 months ended December 31, 2022 on a standalone basis. The Acquisition is expected to close in the second quarter of calendar 2023.See the Story

Latest News Stories

Motorsport

Lucid Unveils Motorsports Electric Drive Unit

100% Center coverage: 2 sources
Lucid Group unveils its groundbreaking new electric drive unit for motorsports. The new drive unit provides regenerative energy recovery from the front wheels under braking. It features the same state-of-the-art continuous wave winding and proprietary microjet cooling system that can be found in the motors powering the Lucid Air sports sedan.See the Story
Business · New York

Crypto firm Voyager to sell assets to Binance.US in $1 bln deal

68% Center coverage: 16 sources
Crypto firm Voyager Digital Ltd said on Monday it will sell its assets to Binance.US in a deal valued at about $1 billion following a review.See the Story

Cogeco Inc. and Cogeco Communications Inc. Schedule the Release of Their Financial Results for the First Quarter of Fiscal 2023 and Related Conference Call

100% Center coverage: 2 sources
Marvell Technology, Inc. (NASDAQ: MRVL) today reported financial results for the third quarter of fiscal year 2023. Net revenue was $1.537 billion, at the lower end of the Company's guidance provided on August 25, 2022. GAAP net income was $13 million, or $0.02 per diluted share. Non-GAAP net profit was $492 million, or $0.57 per share. Cash flow from operations was $411.0 million.See the Story

Tribe Reports Third Quarter 2022 Financial Results - Tribe Property Tech (OTC:TRPTF)

100% Center coverage: 2 sources
Zhihu, a leading online content community in China, announced its unaudited financial results for the quarter ended September 30, 2022. Total revenues were RMB911.7 million (US$128.2 million) for the third quarter of 2022, representing a 10.7% increase from the same period of 2021.See the Story
Business

PopReach Announces Financial Results for the Three Months Ended September 30, 2022 - PopReach (OTC:POPRF)

Coverage: 2 sources
PopReach Corporation announced its financial results for the three and twelve months ended September 30, 2022. Record revenue of $25.5 million, an increase of 23% sequentially, and 148% year-over-year. Gross Profit of $11.3 million, a 7% increase from the three months ended June 30, 2018.Adjusted EBITDA2 of $3.0 million, compared to $2.8 million for thethree months ended July 1, 2022, and a 142% increase year-to-yearNet loss of $1.9 million ($(0.01) per basic and diluted share) Cash and total debt as at September 30,. 2022 were $8.9m and $See the Story

LANESBOROUGH REIT REPORTS 2022 THIRD QUARTER RESULTS

Coverage: 2 sources
Atlas Engineered Products announces its financial and operating results for the three and nine months ended September 30, 2022. The Company has focused on improving efficiencies on new product lines and acquisitions, including synergies between the new acquisition of Hi-Tec Industries Ltd. and Atlas Building Systems Ltd.See the Story

InspireSemi Reports Third Quarter 2022 Financial Results and Provides Business Update

100% Center coverage: 2 sources
Lufax Holding Ltd announced its unaudited financial results for the third quarter ended September 30, 2022. Total income decreased by 17.2% to RMB13,193 million (US$1,855 million) from RMB15,924 million in the same period of 2021. The Company bore risk on 22.5% of its outstanding balance, up from 14.8% as of September30, 2021.See the Story
Abercrombie & Fitch

Why Abercrombie & Fitch Shares Are Soaring Tuesday - Abercrombie & Fitch (NYSE:ANF)

100% Center coverage: 2 sources
Net sales totalled $880 million in the third quarter, exceeding the average analyst estimate of $835.9 million. Sales at the Abercrombie brand rose 10 per cent, while they fell 12 per cent at Hollister. The shares jumped as much as 21 per cent to $22.58 in New York trading, the most since November 2020.See the Story

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