LGC Capital, Ltd., announces Trichomed received its cultivation license from Health Canada for its new cannabis facility in Brownsburg, Quebec
MONTREAL, July 15, 2019 (GLOBE NEWSWIRE) -- LGC Capital Ltd. (TSX-V: LG / OTCQB: LGGCF)
LGC Capital Ltd. (“LGC” or the “Company”), announces that Health Canada, on July 12th, awarded Trichomed Corporation (Trichomed), its long awaited license to cultivate cannabis seeds and plants at its newly constructed facility in Brownsburg, Quebec.
As per the terms of its agreement with Trichomed, LGC is, now entitled to convert the first ranking secured loan it provided to Trichomed in December 2017 into a 49% direct equity interest, and a five percent (5%) royalty of Trichomed’s net sales of cannabis and cannabis-related prodcuts which covers actual sales less any arm’s length third-party discounts, merchandise returns and rebates. In addition as per the agreement, LGC is entitled to representation on Trichomed’s board.
For further information, please contact:
John McMullen, President
Tel: (416) 803-0698
john@lgc-capital.com
Mark Shinners, Chief Financial Officer
Tel: +44 7827 960971
mark@lgc-capital.com
Renmark Financial Communications Inc.
Melanie Barbeau: mbarbeau@renmarkfinancial.com
Media – Kellie Coppin: kcoppin@renmarkfinancial.com
Tel: (416) 644-2020 or (514) 939-3989
www.renmarkfinancial.com
Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Notice Regarding Forward Looking Statements
This press release may contain forward-looking statements with respect to LGC and their respective operations, strategy, investments, financial performance and condition. These statements can generally be identified by use of forward-looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of LGC could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, government regulation and the factors described under “Risk Factors and Risk Management” in LGC’s Management’s most recent Discussion and Analysis filed on SEDAR (www.sedar.com). The cautionary statements qualify all forward-looking statements attributable to LGC and persons acting on its behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and neither LGC nor Freia has any obligation to update such statements, except to the extent required by applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About GlobeNewswire by notified
GlobeNewswire by notifiedGlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Heineken Holding N.V. Annual General Meeting of Shareholders adopts all proposals25.4.2024 18:31:00 CEST | Press release
Amsterdam, 25 April 2024 - Heineken Holding N.V. announced today that its Annual General Meeting of Shareholders (AGM) has adopted all proposals on the agenda of the AGM. The most important resolutions and announcements are listed below. Dividend The Board of Directors announced the distribution of a dividend for the year 2023 of EUR 1.73 per share. As an interim dividend of EUR 0.69 was paid on 10 August 2023, the final dividend of EUR 1.04 per share will be made payable on 7 May 2024. Heineken Holding N.V. shares will be quoted ex-dividend on 29 April 2024. Reappointment of Mr J.F.M.L. van Boxmeer as non-executive member of the Board of Directors The AGM reappointed Mr J.F.M.L. van Boxmeer as non-executive member of the Board of Directors for a four-year term. Appointment of External Auditor The AGM appointed KPMG Accountants N.V. as external auditor for the financial year 2025. The voting results per agenda item of the AGM of Heineken Holding N.V. of 25 April 2024 can be found on th
Heineken N.V. Annual General Meeting adopts all proposals25.4.2024 18:30:00 CEST | Press release
Amsterdam, 25 April 2024 - Heineken N.V. (HEINEKEN) announced today that its Annual General Meeting of Shareholders (AGM) has adopted all proposals on the agenda of the AGM. The most important resolutions are listed below. Re-appointment of Executive Board Member The AGM re-appointed Dolf van den Brink as member of the Executive Board for a period of four years, until the end of the AGM to be held in 2028. Dividend The AGM adopted the dividend proposal for the year 2023 of EUR 1.73 per share. As an interim dividend of EUR 0.69 was paid on 10 August 2023, the final dividend of EUR 1.04 per share will be made payable on 7 May 2024. Heineken N.V. shares will be quoted ex-dividend on 29 April 2024. Re-appointment of Supervisory Board Member The AGM re-appointed Jean-Marc Huët as member of the Supervisory Board for a two-year term. Re-appointment of Supervisory Board Member The AGM re-appointed Pamela Mars Wright as member of the Supervisory Board for a two-year term. Appointment of Supervi
Havila Kystruten AS: Integrated Annual Report for 202325.4.2024 18:04:39 CEST | Press release
The board of directors of Havila Kystruten AS has today approved the financial statements and annual report for 2023, which integrates financial and sustainability reporting. The report is attached in PDF format along with a visual presentation summarizing the year and highlighting the company's fundamental focus on the environment and sustainability. The annual financial statements have been adjusted compared to the preliminary and unaudited result for 2023, which was presented on February 28, 2024. There has been a write-down of the inventory value by NOK 11.2 million, with corresponding effects on the income statement and balance sheet. Further information is available in note 15 of the consolidated financial statements. Contacts: Chief Executive Officer Bent Martini, +47 905 99 650 Chief Financial Officer Aleksander Røynesdal, +47 413 18 114 Attachments HKY_Integrated Annual Report 2023HKY_Integrated Annual Report Presentation 2023HKY_Integrert arsrapport 2023
Havila Kystruten AS: Integrert årsrapport for 202325.4.2024 18:04:39 CEST | Pressemelding
Styret i Havila Kystruten AS har i dag godkjent regnskap og årsrapport for 2023, som integrerer finansiell- og bærekraftsrapportering. Rapporten er vedlagt i PDF sammen med en visuell presentasjon som oppsummerer året og fremhever selskapets grunnleggende fokus på miljø og bærekraft. Årsregnskapet er justert i forhold til det foreløpige og ureviderte resultatet for 2023, som ble presentert den 28. februar 2024. Det er gjort en nedskrivning på verdien av varelageret med MNOK 11.2, med tilhørende effekt på resultatet og balansen. Ytterligere informasjon finnes i note 15 i konsernregnskapet. Kontakter: Administrerende direktør Bent Martini, +47 905 99 650 Finansdirektør Aleksander Røynesdal, + 47 413 18 114
Sword Group: Results for the First Quarter of 202425.4.2024 18:00:00 CEST | Press release
Consolidated Revenue: €75.8m (i) Organic Growth: +16.8% (i) EBITDA Margin: 12.0% (i) on a like-for-like basis and at constant exchange rates (excluding AAA) KEY FIGURES The consolidated revenue for the first quarter of 2024 is €75.8m, up 16.8% at constant scope and exchange rates. Profitability (EBITDA margin) is 12.0% or €9.1m. Q1 2024 ACCOUNTS Q1 | non audited figures€m20242023 (iI)Organic Growth (i)Revenue75.872.0+16.8%EBITDA9.18.6-EBITDA Margin12.0%12.0%- (i) on a like-for-like basis and at constant exchange rates (excluding AAA) (ii) includes AAA’s 2023 revenue. AAA was deconsolidated on 01/06/2023. ANALYSIS The comparison of revenue for the first quarter 2023 and the first quarter 2024 must take into account the fact that in the first quarter 2023 we were still consolidating AAA, which was sold and therefore deconsolidated on 1 June 2023. If we analyse this growth on a like-for-like basis, it is higher than the budgeted 15%. In Terms of profitability, we remain at our ‘normative’