Divvy

Red White & Bloom Brands Transitions to International Cannabis Company Through Closing of Aleafia Transaction

Retrieved on: 
Monday, January 15, 2024

TORONTO, Jan. 15, 2024 (GLOBE NEWSWIRE) -- Red White & Bloom Brands Inc. (CSE: RWB and OTC: RWBYF) (“RWB”) is pleased to announce that, in connection with the proceedings of Aleafia Health Inc. (“Aleafia Health”) and certain of its subsidiaries (collectively, the “Aleafia Group”) under the Companies’ Creditors Arrangement Act (the “CCAA Proceedings”), the parties have successfully closed the previously announced sale transaction (the “Transaction”), as further described below.

Key Points: 
  • “The accretive nature of the Transaction has been evident to RWB management since the inception of the relationship with the Aleafia group of companies.
  • With the closing behind us, the combined, dedicated RWB and Aleafia teams are focused on delivering accessible synergies focused within sales, production, procurement, and marketing."
  • One of Canada’s largest virtual medical cannabis clinics that provides quality cannabis products to patient subscribers in a convenient and low-cost setting.
  • An established portfolio of loyal cannabis brands in both adult use (recreational) and medical channels.

BILL Unveils New Features for BILL Spend & Expense to Enhance Visibility and Control of Business Finances for SMBs and Accountants

Retrieved on: 
Wednesday, December 13, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231213541015/en/
    “For SMBs, correctly managing spend can be the difference between success and failure.
  • The BILL Spend & Expense budgets interface has been reimagined, focusing on making budget management even more intuitive for spenders and admins.
  • “BILL Spend & Expense gives us the tools our clients need to create better visibility, controls, and workflows.
  • Watch this video to learn more about how BILL Spend & Expense can help with visibility and control of business finances.

BILL Delivers the Only Platform for SMBs that Integrates Category-Leading AP, AR and Spend and Expense Solutions

Retrieved on: 
Thursday, September 7, 2023

BILL (NYSE: BILL), a leader in financial automation software for small and midsize businesses (SMBs), today announced the new BILL Financial Operations Platform for SMBs that integrates category-leading solutions across accounts payable (AP), accounts receivable (AR), and spend and expense management.

Key Points: 
  • BILL (NYSE: BILL), a leader in financial automation software for small and midsize businesses (SMBs), today announced the new BILL Financial Operations Platform for SMBs that integrates category-leading solutions across accounts payable (AP), accounts receivable (AR), and spend and expense management.
  • With this announcement, BILL is delivering the most comprehensive capabilities for SMBs to optimize and manage cash flow within a single platform.
  • “By delivering ongoing innovation in our platform, BILL continues to transform the way SMBs and accountants use financial automation to succeed.
  • Accountant partners of BILL will be able to access BILL’s integrated financial operations platform of AP, AR, and spend and expense solutions through a new Accountant Console.

BILL Reports Fourth Quarter and Fiscal Year 2023 Financial Results

Retrieved on: 
Thursday, August 17, 2023

BILL (NYSE: BILL), a leader in financial automation software for small and midsize businesses (SMBs), today announced financial results for the fourth quarter and fiscal year ended June 30, 2023.

Key Points: 
  • BILL (NYSE: BILL), a leader in financial automation software for small and midsize businesses (SMBs), today announced financial results for the fourth quarter and fiscal year ended June 30, 2023.
  • “Our financial performance demonstrated the strength of our durable business model and the rigor of our execution in driving growth and achieving non-GAAP profitability.”
    Financial Highlights for the Fourth Quarter of Fiscal 2023:
    The financial measures listed below identified as BILL standalone exclude the results of Divvy, Invoice2go, and Finmark.
  • Financial Highlights for Fiscal Year 2023:
    The financial measures listed below identified as BILL standalone exclude the results of Divvy, Invoice2go, and Finmark.
  • We are providing the following guidance for the fiscal first quarter ending September 30, 2023 and the full fiscal year ending June 30, 2024.

Aleafia Health Announces Fourth Quarter and Annual Financial Results

Retrieved on: 
Wednesday, June 14, 2023

In the 12 months ended March 31, 2023, adult-use revenue increased 24% to $36.0 million, as compared to $29.1 million in the 12 months ended March 31, 2022.

Key Points: 
  • In the 12 months ended March 31, 2023, adult-use revenue increased 24% to $36.0 million, as compared to $29.1 million in the 12 months ended March 31, 2022.
  • And adult-use net revenue increased 13% to $22.4 million, as compared to $19.8 million in the 12 months ended March 31, 2022.
  • This performance was anchored around Divvy, the everyday brand, and complemented by product launches under the Company’s Sunday Market House of Brands.
  • Aleafia’s Q4 FY2023 medical results were strong, showing 19% net revenue growth to $3.0 million from $2.5 million in the period ended March 31, 2022.

Red White & Bloom and Aleafia Health Execute Binding Letter Agreement for Business Combination

Retrieved on: 
Wednesday, June 7, 2023

(1)(2)(3)(4)

Key Points: 
  • (1)(2)(3)(4)
    TORONTO, June 07, 2023 (GLOBE NEWSWIRE) -- Red White & Bloom Brands Inc. (CSE: RWB and OTC: RWBYF) (“RWB” or the “Company”) and Aleafia Health Inc. (TSX: AH and OTCQB: ALEAF) (“Aleafia”) are pleased to announce that the Company and Aleafia have entered into a binding letter agreement on June 6, 2023 (the “Letter Agreement”) whereby the Company has agreed to acquire Aleafia and its subsidiaries in a business combination transaction (the “Proposed Transaction”).
  • (1)
    A copy of the Letter Agreement will be filed on Aleafia and RWB’s SEDAR profiles at www.sedar.com .
  • The Letter Agreement contains, and the arrangement agreement will continue to contain, standard non-solicitation and superior proposal provisions and a break fee of C$2 million.
  • Pursuant to the Letter Agreement, within 30 days of the Letter Agreement, RWB and Aleafia will negotiate in good faith a credit facility to be provided by RWB to Aleafia of $17.5 million (the “RWB Credit Facility”).

Chicago Loop Alliance announces lineup and programming details for Sundays on State events

Retrieved on: 
Tuesday, June 6, 2023

FOR IMMEDIATE RELEASE | JUNE 6, 2023

Key Points: 
  • FOR IMMEDIATE RELEASE | JUNE 6, 2023
    CHICAGO— Chicago Loop Alliance is announcing the full lineup of artists and activations for Sundays on State .
  • Sundays on State is a project of Chicago Loop Alliance in partnership with Chicago Loop Alliance Foundation and SSA#1-2015.
  • The events are supported by a Chicago Presents grant from the City of Chicago Department of Cultural Affairs & Special Events.
  • In addition to on-street programming, Chicago Loop Alliance will offer a variety of discounts and coupons called Loop Deals throughout the summer to all Sundays on State attendees and the general public.

BILL Reports Third Quarter Fiscal Year 2023 Financial Results

Retrieved on: 
Thursday, May 4, 2023

BILL (NYSE: BILL), a leader in financial automation software for small and midsize businesses (SMBs), today announced financial results for the third fiscal quarter ended March 31, 2023.

Key Points: 
  • BILL (NYSE: BILL), a leader in financial automation software for small and midsize businesses (SMBs), today announced financial results for the third fiscal quarter ended March 31, 2023.
  • “We delivered strong third quarter results and profitable growth as we executed on our strategy to be the essential financial operations platform for SMBs,” said René Lacerte, BILL CEO and Founder.
  • “Our performance highlights the strength of our business model and our commitment to deliver balanced growth and profitability.”
    Financial Highlights for the Third Quarter of Fiscal 2023:
    The financial measures listed below identified as BILL standalone exclude the results of Divvy, Invoice2go, and Finmark.
  • We are providing the following guidance for the fiscal fourth quarter ending June 30, 2023 and the full fiscal year ending June 30, 2023.

Lumos Named Leader in G2 Spring 2023 Grid Reports for SaaS Management

Retrieved on: 
Tuesday, April 4, 2023

SAN FRANCISCO, April 4, 2023 /PRNewswire/ -- Lumos, the leading app governance platform, announced that it was named a Leader in two SaaS Management categories in the G2 Spring 2023 Grid Report. G2 is the world's largest and most trusted software marketplace. More than 60 million people annually — including employees at all of the FORTUNE 500 — use G2 to make smarter software decisions based on authentic peer reviews.

Key Points: 
  • SAN FRANCISCO, April 4, 2023 /PRNewswire/ -- Lumos, the leading app governance platform, announced that it was named a Leader in two SaaS Management categories in the G2 Spring 2023 Grid Report.
  • Lumos earned Leader rankings in the SaaS Operations Management and SaaS Spend Management categories.
  • With Lumos, you have visibility into app usage, entitlements, and spending - and the power to take action on that data.
  • The recognition highlights Lumos' commitment to enabling customers when optimizing their IT operations and managing their SaaS app spending effectively.

BILL Expands on Its Commitment to SMBs Impacted by SVB Events

Retrieved on: 
Tuesday, March 14, 2023

BILL (NYSE: BILL), a leader in financial automation software for small and midsize businesses (SMBs), today announced new offerings for businesses impacted by the Silicon Valley Bank (SVB) events.

Key Points: 
  • BILL (NYSE: BILL), a leader in financial automation software for small and midsize businesses (SMBs), today announced new offerings for businesses impacted by the Silicon Valley Bank (SVB) events.
  • As part of its ongoing commitment to stand with impacted businesses and support SMBs, BILL is expanding its offerings to help them stay fully operational.
  • That’s what being a champion of SMBs is all about,” said BILL CEO and Founder René Lacerte.
  • Last week, we quickly guaranteed all transactions processed by BILL through SVB would be processed successfully before we had guidance from the government.