Economy of Canada

Globalstar Announces Second Quarter 2019 Results

Retrieved on: 
Friday, August 9, 2019
Data management, Technology, Satellite, Telecommunications, Mobile, Wireless, BlackBerry Limited, S&P/TSX 60 Index, Net operating loss, Companies of Canada, Economy of Canada, Companies

Our subscriber base grew over the last twelve months to total average subscribers of 772,807 in the second quarter of 2019 from 733,964 in the second quarter of the prior year.

Key Points: 
  • Our subscriber base grew over the last twelve months to total average subscribers of 772,807 in the second quarter of 2019 from 733,964 in the second quarter of the prior year.
  • Initial orders placed for our SmartOne SolarTM device, which generated $2.0 million in equipment revenue during the second quarter of 2018, exceeded the follow-on orders filled during the second quarter of 2019.
  • Operating income (loss) fluctuated from income of $1.9 million during the second quarter of 2018 to a loss of $16.7 million during the second quarter of 2019.
  • Net income (loss) fluctuated by $13.2 million from net loss during the second quarter of 2018 to net income during the second quarter of 2019 due primarily to two non-cash items.

Organigram Conditionally Approved to Graduate to the TSX

Retrieved on: 
Friday, August 9, 2019
Alternative medicine, Health, Agriculture, Natural Resources, Pharmaceutical, Toronto Stock Exchange, TSX Venture Exchange, Economy of Toronto, Stock exchanges, Companies, Economy of Canada

Organigram Holdings Inc. (NASDAQ: OGI) (TSX VENTURE: OGI), the parent company of Organigram Inc. (the Company or Organigram), a leading licensed producer of cannabis, is pleased to announce it has received conditional approval from the Toronto Stock Exchange (TSX) to graduate from the TSX Venture Exchange (TSXV) and list its common shares on the TSX under the symbol OGI.

Key Points: 
  • Organigram Holdings Inc. (NASDAQ: OGI) (TSX VENTURE: OGI), the parent company of Organigram Inc. (the Company or Organigram), a leading licensed producer of cannabis, is pleased to announce it has received conditional approval from the Toronto Stock Exchange (TSX) to graduate from the TSX Venture Exchange (TSXV) and list its common shares on the TSX under the symbol OGI.
  • Graduating to the TSX is a significant milestone for us as a corporation, says Greg Engel, CEO, Organigram.
  • The Company will issue a statement once the TSX confirms the date on which trading on the TSX will commence.
  • Organigram Holdings Inc. is a NASDAQ Global Select and TSX Venture Exchange listed company whose wholly owned subsidiary, Organigram Inc., is a licensed producer of cannabis and cannabis-derived products in Canada.

Canadian Grain Commission takes unique steps to protect grain producers who delivered to ILTA Grain Inc.

Retrieved on: 
Thursday, August 8, 2019
Food and drink, Agriculture, Barley, Agriculture in Canada, Economy of Canada, Agriculture and Agri-Food Canada, Brassica, Canadian Grain Commission, Crops

WINNIPEG, Aug. 7, 2019 /CNW/ -The Canadian Grain Commission is taking unique steps to protect grain producers who have delivered to ILTA Grain Inc.

Key Points: 
  • WINNIPEG, Aug. 7, 2019 /CNW/ -The Canadian Grain Commission is taking unique steps to protect grain producers who have delivered to ILTA Grain Inc.
  • Any producers who have not contacted the commission yet, but who delivered to ILTA Grain Inc. before July 11, 2019, and have not received payment, should immediately contact the Canadian Grain Commission at 1-800-853-6705.
  • On July 11, 2019, the Canadian Grain Commission suspended all licences issued to ILTA Grain Inc.
  • If a licensed company does not meet its payment obligations, the Canadian Grain Commission uses the company's security to compensate eligible producers.

Julie Dickson and Guy Bainbridge Appointed to Manulife's Board of Directors

Retrieved on: 
Wednesday, August 7, 2019
Economy of Canada, Financial regulation, Officers of the Order of Canada, Banking in Canada, Office of the Superintendent of Financial Institutions, Manulife, Government of Canada, Julie Dickson, Canadian Public Accountability Board, Canada

TORONTO, Aug. 7, 2019 /PRNewswire/ - Manulife today announced thatJulie Dickson and Guy Bainbridge have been appointed to its Board of Directors, effective August 7, 2019.

Key Points: 
  • TORONTO, Aug. 7, 2019 /PRNewswire/ - Manulife today announced thatJulie Dickson and Guy Bainbridge have been appointed to its Board of Directors, effective August 7, 2019.
  • Ms. Dickson is a former Superintendent of the Office of the Superintendent of Financial Institutions (OSFI), Canada's main financial services regulator.
  • She currently serves on the Canadian Public Accountability Board, and the boards of the Dubai Financial Services Authority and the Global Risk Institute.
  • "Julie and Guy bring extensive experience and expertise that will be tremendously valuable in supporting the effective oversight of Manulife's strategy and operations," said John Cassaday, Chairman of the Board, Manulife.

Zovio Inc Reports Second Quarter 2019 Results

Retrieved on: 
Wednesday, August 7, 2019
Zovio, Companies, BlackBerry Limited, Economy of Canada

CHANDLER, Ariz., Aug. 7, 2019 /PRNewswire/ --Zovio Inc (Nasdaq: ZVO), an education technology services company, today announced its results for the three and six months ended June30, 2019.

Key Points: 
  • CHANDLER, Ariz., Aug. 7, 2019 /PRNewswire/ --Zovio Inc (Nasdaq: ZVO), an education technology services company, today announced its results for the three and six months ended June30, 2019.
  • "During the second quarter, we further executed on our strategy to establish Zovio as a leading education technology services company.
  • Financial Results for the Three Months Ended June30, 2019
    Revenue for the three months ended June30, 2019 was $107.5 million, compared with revenue of $119.0 million for the three months ended June30, 2018.
  • The income tax benefit is primarily associated with the acquisitions in the second quarter of 2019.

Canaccord Genuity Group Inc. Report on Voting Results

Retrieved on: 
Wednesday, August 7, 2019
Canaccord Genuity, Genuity, Level 3 Communications, Companies, Economy of Canada, Paul D. Reynolds, NEO Exchange

ABOUT CANACCORD GENUITY GROUP INC.

Key Points: 
  • ABOUT CANACCORD GENUITY GROUP INC.
  • Through its principal subsidiaries, Canaccord Genuity Group Inc. (the Company) is a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and capital markets.
  • Canaccord Genuity, the international capital markets division, operates in North America, UK & Europe, Asia, Australia and the Middle East.
  • Canaccord Genuity Group Inc. is publicly traded under the symbol CF on the TSX.

TMX Group Equity Financing Statistics - July 2019

Retrieved on: 
Wednesday, August 7, 2019
Economy of Toronto, TSX Venture Exchange, TMX Group, Stock exchanges, Toronto Stock Exchange, TMX, Economy of Canada, Economies, Standard & Poor's

TORONTO, Aug. 7, 2019 /CNW/ -TMX Group today announced its financing activity on Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) for July, 2019.

Key Points: 
  • TORONTO, Aug. 7, 2019 /CNW/ -TMX Group today announced its financing activity on Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) for July, 2019.
  • TSX welcomed nine new issuers in July 2019, compared with six in the previous month and seven in July 2018.
  • Total financings raised in July 2019 decreased 54% from the previous month, but were up 7% compared to July 2018.
  • There were 109 financings in July 2019, compared with 113 in the previous month and 113 in July 2018.

Research Lifts the Veil on Penetration Testing Practices that Undermine Industry Goals

Retrieved on: 
Wednesday, August 7, 2019
Economy of Canada, Computing, Computer security, Software testing, Antivirus software, Cylance, BlackBerry Limited, BlackBerry, Penetration test

Included in the report is confidential information detailing aspects of a country's civilian air traffic control system in a semi-public malware repository, the apparent by-product of penetration testing, one of a number of startling findings.

Key Points: 
  • Included in the report is confidential information detailing aspects of a country's civilian air traffic control system in a semi-public malware repository, the apparent by-product of penetration testing, one of a number of startling findings.
  • In Thin Red Line: Penetration Testing Practices Examined , the BlackBerry Cylance Threat Intelligence Team sheds light on a range of questionable pentesting practices, by-products and outcomes.
  • This revelation is one of a number of findings in the report that demonstrate how the line distinguishing pentestingexercises from actual threat actor behavior has thinned.
  • Download the Thin Red Line: Penetration Testing Practices Examined report here .

SNC-Lavalin to proceed with closing of sale of 10.01% stake of Highway 407 ETR

Retrieved on: 
Wednesday, August 7, 2019
Economy of Canada, SNC-Lavalin, S&P/TSX 60 Index, Economy, Finance, CPP Investment Board, Lavalin, Ontario Highway 407, Deleveraging

SNC-Lavalin currently expects the closing of the sale with CPPIB to occur within the month.

Key Points: 
  • SNC-Lavalin currently expects the closing of the sale with CPPIB to occur within the month.
  • As previously announced, SNC-Lavalin, Cintra and CPPIB have agreed that even if the Court's decision were to be reversed on appeal, SNC-Lavalin's sale to CPPIB would not be reversed.
  • Instead, CPPIB and Cintra would adjust the purchaser-owner of the relevant number of shares of Highway 407 ETR as between them.
  • Net proceeds from this transaction will be used to strengthen the balance sheet and more specifically for the execution of the Company's deleveraging plans.

Stratifyd Receives $10 Million in Growth Capital Funding from CIBC

Retrieved on: 
Tuesday, August 6, 2019
Venture capital, Finance, Banking, Data management, Technology, Professional services, Canadian Imperial Bank of Commerce, Economy of Toronto, Companies, CIBC Bank USA, Economy of Canada, Trimaran Capital Partners, CIBC Wood Gundy, CIBC Innovation Banking, Stratifyd

CIBC Innovation Banking has entered into a $10-million debt-financing round with customer analytics company Stratifyd, which will use the funds to help facilitate future growth.

Key Points: 
  • CIBC Innovation Banking has entered into a $10-million debt-financing round with customer analytics company Stratifyd, which will use the funds to help facilitate future growth.
  • CIBC Innovation Banking is excited to work with the Stratifyd team, said Amy Olah, Executive Director, CIBC Innovation Banking.
  • Stratifyd has built an innovative and powerful AI platform and is well poised for continued growth.
  • CIBC Innovation Banking is a brand name under which CIBC and CIBC Bank USA provide products and services.