Nova

Nova Reports Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, November 9, 2023

Based on current estimates, management expects:

Key Points: 
  • Based on current estimates, management expects:
    Total revenues for the third quarter of 2023 were $128.8 million, an increase of 5% compared with the second quarter of 2023 and a decrease of 10% compared with the third quarter of 2022.
  • Gross margin in the third quarter of 2023 was 56%, compared with 57% in the second quarter of 2023 and 56% in the third quarter of 2022.
  • Operating expenses in the third quarter of 2023 were $38.1 million, compared with $40.9 million in the second quarter of 2023 and $41.9 million in the third quarter of 2022.
  • Nova will host a conference call today, November 09, 2023, at 8:30 a.m. Eastern Time, to discuss the Company's third quarter 2023 financial results and outlook.

Amcor and NOVA Chemicals announce agreement to source mechanically recycled polyethylene

Retrieved on: 
Wednesday, November 8, 2023

DEERFIELD, Ill., Nov. 8, 2023 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX:AMC), a global leader in developing and producing responsible packaging solutions, today announced a Memorandum of Understanding (MOU) with leading sustainable polyethylene producer NOVA Chemicals Corporation ("NOVA Chemicals") for the purchase of mechanically recycled polyethylene resin (rPE) for use in flexible packaging films. Increasing the use of rPE in flexible packaging applications is an important element of Amcor's commitment to support packaging circularity.

Key Points: 
  • DEERFIELD, Ill., Nov. 8, 2023 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX:AMC), a global leader in developing and producing responsible packaging solutions, today announced a Memorandum of Understanding (MOU) with leading sustainable polyethylene producer NOVA Chemicals Corporation ("NOVA Chemicals") for the purchase of mechanically recycled polyethylene resin (rPE) for use in flexible packaging films.
  • Increasing the use of rPE in flexible packaging applications is an important element of Amcor's commitment to support packaging circularity.
  • The supply agreement would enable Amcor to purchase SYNDIGO™ rPE resin, manufactured at NOVA Chemicals' first mechanical recycling facility in Connersville, Indiana, which is projected to be in operation as early as 2025.
  • The recycling facility was announced in July as a significant expansion of NOVA Chemicals' Circular Solutions business.

Amcor and NOVA Chemicals announce agreement to source mechanically recycled polyethylene

Retrieved on: 
Wednesday, November 8, 2023

DEERFIELD, Ill., Nov. 8, 2023 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX:AMC), a global leader in developing and producing responsible packaging solutions, today announced a Memorandum of Understanding (MOU) with leading sustainable polyethylene producer NOVA Chemicals Corporation ("NOVA Chemicals") for the purchase of mechanically recycled polyethylene resin (rPE) for use in flexible packaging films. Increasing the use of rPE in flexible packaging applications is an important element of Amcor's commitment to support packaging circularity.

Key Points: 
  • DEERFIELD, Ill., Nov. 8, 2023 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX:AMC), a global leader in developing and producing responsible packaging solutions, today announced a Memorandum of Understanding (MOU) with leading sustainable polyethylene producer NOVA Chemicals Corporation ("NOVA Chemicals") for the purchase of mechanically recycled polyethylene resin (rPE) for use in flexible packaging films.
  • Increasing the use of rPE in flexible packaging applications is an important element of Amcor's commitment to support packaging circularity.
  • The supply agreement would enable Amcor to purchase SYNDIGO™ rPE resin, manufactured at NOVA Chemicals' first mechanical recycling facility in Connersville, Indiana, which is projected to be in operation as early as 2025.
  • The recycling facility was announced in July as a significant expansion of NOVA Chemicals' Circular Solutions business.

NorthWest Copper Provides Update on Exploration Plans

Retrieved on: 
Tuesday, November 7, 2023

VANCOUVER, British Columbia, Nov. 07, 2023 (GLOBE NEWSWIRE) -- NorthWest Copper Corp. (TSXV:NWST) (“NorthWest” or the “Company”) is pleased to provide an update on its planned 2024 exploration program, which is designed to add value to its advanced projects as well as bring additional exploration prospects and targets to key decision points, to ensure a pipeline of high-quality drill ready targets for future growth.

Key Points: 
  • VANCOUVER, British Columbia, Nov. 07, 2023 (GLOBE NEWSWIRE) -- NorthWest Copper Corp. (TSXV:NWST) (“NorthWest” or the “Company”) is pleased to provide an update on its planned 2024 exploration program, which is designed to add value to its advanced projects as well as bring additional exploration prospects and targets to key decision points, to ensure a pipeline of high-quality drill ready targets for future growth.
  • Following a strategic review, the Board and management concluded that the best way to unlock value in NorthWest’s projects is through exploration and discovery, the core business of NorthWest.
  • On September 26, 2023 a new slate of Directors was elected to the Company’s Board1.
  • Planned work includes updating the property wide geological and exploration model, geological mapping, surface geochemistry and geophysical surveys.

FAZE CLAN AND STEELSERIES LAUNCH CO-BRANDED GAMING GEAR AS PART OF MULTI-YEAR PARTNERSHIP

Retrieved on: 
Monday, November 6, 2023

LOS ANGELES, Nov. 6, 2023 /PRNewswire/ -- Today, FaZe Holdings, Inc. (FaZe Clan), one of the most prominent and influential gaming organizations in the world, and SteelSeries, the worldwide leader in gaming and esports peripherals, announced they will be launching a new line of FaZe Clan x SteelSeries co-branded gaming products, now available exclusively at Best Buy retail locations across North America and BestBuy.com.

Key Points: 
  • Apex 9 Mini Keyboard | FaZe Clan Edition – The mini is mighty, providing everything gamers need in a small package.
  • QcK Heavy XXL | FaZe Clan Edition – Featuring the iconic FaZe camouflage in a black and grey motif, the QcK XXL Heavy Mousepad serves as a gateway to both the esports and FaZe Clan worlds.
  • The latest collaboration is a progression of the FaZe Clan x SteelSeries' partnership first announced in 2018, followed by the debut of the co-branded QcK mousepad.
  • "Our partnership with FaZe and this limited-edition collection truly embodies and showcases the fusion of gaming and culture at the highest level."

Maple and Nova Scotia Government Expand Access to Free Virtual Care to All Nova Scotians

Retrieved on: 
Wednesday, November 1, 2023

Program expands the reach of VirtualCareNS to over 1 million people, a partnership first launched in 2021 between Maple and Nova Scotia Health that provides virtual care access to the 145,000 Nova Scotia residents without a family doctor.

Key Points: 
  • Program expands the reach of VirtualCareNS to over 1 million people, a partnership first launched in 2021 between Maple and Nova Scotia Health that provides virtual care access to the 145,000 Nova Scotia residents without a family doctor.
  • TORONTO, Nov. 1, 2023 /CNW/ - Maple, Canada's leading virtual healthcare platform, announced today that it has partnered with the government of Nova Scotia to provide access to free virtual care to all of the province's residents .
  • "And our collaboration with Maple on the expansion of virtual care will play a key role in enhancing options for care for all Nova Scotians.
  • Recognizing the success of VirtualCareNS and the potential it revealed, Nova Scotia Health has partnered again with Maple to expand access to virtual care to an additional 800,000+ Nova Scotians, now including those with family doctors.

SNDL and Nova Cannabis Extend Outside Date for Closing of the Strategic Partnership

Retrieved on: 
Monday, October 30, 2023

CALGARY, AB, Oct. 30, 2023 /PRNewswire/ - SNDL Inc. (NASDAQ: SNDL) ("SNDL") and Nova Cannabis Inc. (TSX: NOVC) ("Nova") announced today that while all other provincial approvals have been received, the continued review by one provincial regulator has necessitated a further extension of the outside date for the closing of the previously-announced strategic partnership (the "Transaction") to November 30, 2023.

Key Points: 
  • CALGARY, AB, Oct. 30, 2023 /PRNewswire/ - SNDL Inc. (NASDAQ: SNDL) ("SNDL") and Nova Cannabis Inc. (TSX: NOVC) ("Nova") announced today that while all other provincial approvals have been received, the continued review by one provincial regulator has necessitated a further extension of the outside date for the closing of the previously-announced strategic partnership (the "Transaction") to November 30, 2023.
  • In addition, SNDL and Nova have extended the maturity date of Nova's revolving credit facility with SNDL to November 30, 2023.

Pizza Nova partners with CHIN Radio to support the Princess Margaret Cancer Foundation this Halloween

Retrieved on: 
Monday, October 23, 2023

Toronto, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Pizza Nova, Ontario’s family-owned and operated premium pizza brand, will partner with CHIN Radio/TV International, one of Canada’s largest multicultural broadcasters, to support the Princess Margaret Cancer Foundation on Halloween in honour of Breast Cancer Awareness Month.

Key Points: 
  • Toronto, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Pizza Nova, Ontario’s family-owned and operated premium pizza brand, will partner with CHIN Radio/TV International, one of Canada’s largest multicultural broadcasters, to support the Princess Margaret Cancer Foundation on Halloween in honour of Breast Cancer Awareness Month.
  • On October 31, one dollar from every order placed (excluding walk-in orders) with Pizza Nova, at all locations, will be donated to the Princess Margaret Cancer Foundation to support Breast Cancer Research.
  • “Pizza Nova is proud to be partnering with CHIN in support of The Princess Margaret Cancer Foundation during this Breast Cancer Awareness Month,” says Domenic Primucci, president of Pizza Nova.
  • “This incredible collaboration will support life-saving cancer research at The Princess Margaret, one of the top 5 cancer research centres in the world,” said Dr. Miyo Yamashita, President and Chief Executive Officer of The Princess Margaret Cancer Foundation.

Nova Credit Raises $45M Series C Financing to Scale Cash Flow Underwriting and Verification Solutions Across the Credit Industry

Retrieved on: 
Tuesday, October 17, 2023

Nova Credit , the data analytics company enabling businesses to grow responsibly by harnessing alternative credit data, announced it raised $45 million in Series C funding.

Key Points: 
  • Nova Credit , the data analytics company enabling businesses to grow responsibly by harnessing alternative credit data, announced it raised $45 million in Series C funding.
  • The capital helps Nova Credit to further broaden its product offering beyond cross-border credit reporting and scale Cash Atlas TM , the industry’s leading solution for cash flow underwriting and verification of income and employment.
  • Since raising its Series B in 2020, Nova Credit has grown revenues by 10x and partnered with dozens of innovative companies, including HSBC, Verizon, Scotiabank, Earnest, and Yardi.
  • Nova has assembled the team, tech, and vision to usher in cash flow underwriting at scale.

Marvell Showcases Technology for Next-Generation AI and Cloud Networks at OCP Global Summit

Retrieved on: 
Tuesday, October 17, 2023

SANTA CLARA, Calif., Oct. 17, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, will share its vision for advancing the next generation of AI and cloud networks at the 2023 Open Compute Project (OCP) Global Summit taking place October 17-19 at the San Jose Convention Center in San Jose, California.

Key Points: 
  • Nguyen's presentation, "AI Drives the Need for (More) Speed," will discuss the ways optical technology can meet the AI bandwidth challenge and how collaboration across the ecosystem is advancing innovation to scale AI platforms.
  • Live demonstrations include:
    Marvell® Teralynx® 10 , an ultra-low latency, programmable 51.2 Tbps switch chip optimized for multi-tenant AI and cloud architectures.
  • Marvell long-reach SerDes circuit for 64G PCIe Gen6 built on a 3nm process node and optimized for composable cloud infrastructure.
  • Marvell PAM4 DSP technology enabling 200 Gbps per lane over electrical channels for next-generation cloud data center and high-performance computing connectivity.