Notes receivable

Heritage Global Inc. Reports Strong Third Quarter 2023 Results

Retrieved on: 
Thursday, November 9, 2023
Asset Management, Professional Services, Finance, Notes receivable, Webcast, Investment, Web browser, ASC, Calendar, Asset, Adjustment, Growth, Bank, Video game, Security (finance), Cryptocurrency, EBITDA

“We are focused on continuing the momentum we have built to date in 2023 to deliver a strong close to the year.

Key Points: 
  • “We are focused on continuing the momentum we have built to date in 2023 to deliver a strong close to the year.
  • The Company achieved operating income of $2.8 million for the third quarter of 2023, as compared to operating income of $3.5 million in the third quarter of 2022.
  • Heritage Global maintains a strong balance sheet, with stockholders’ equity of $56.4 million as of September 30, 2023, compared to $48.3 million as of December 31, 2022.
  • Management will host a webcast and conference call today, Thursday, November 9, 2023, at 5:00 pm ET to discuss financial results for third quarter 2023.

Heritage Global Inc. Reports Net Operating Income of $3.1 Million for Second Quarter 2023; Record Net Operating Income of $7.0 Million for First Half of 2023

Retrieved on: 
Thursday, August 10, 2023
Finance, Banking, Professional Services, Other Professional Services, Asset Management, Investment, Calendar, Web browser, Notes receivable, Heritage, Webcast, Growth, Adjustment, Bank, Video game, Cryptocurrency, EBITDA

The Company achieved operating income of $3.1 million for the second quarter of 2023, as compared to operating income of $3.6 million in the second quarter of 2022.

Key Points: 
  • The Company achieved operating income of $3.1 million for the second quarter of 2023, as compared to operating income of $3.6 million in the second quarter of 2022.
  • Net income totaled $2.8 million, or $0.07 diluted earnings per share for the second quarter of 2023, as compared to net income of $2.6 million, or $0.07 diluted earnings per share in the prior-year quarter.
  • EBITDA totaled $3.2 million in the second quarter of 2023 versus EBITDA of $3.8 million in the second quarter of 2022 and Adjusted EBITDA was $3.5 million compared to $3.9 million in the prior-year quarter.
  • Management will host a webcast and conference call today, Thursday, August 10, 2023, at 5:00 pm ET to discuss financial results for second quarter 2023.

Acreage Holdings Announces Sale of Notes

Retrieved on: 
Monday, June 14, 2021
Legal documents, Finance, Financial markets, Cannabis, Money, Acreage Holdings, Accounts receivable, Promissory note, OTC Markets Group, Notes receivable, Market value

NEW YORK, June 14, 2021 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (Acreage) (CSE: ACRG.A.U, ACRG.B.U), (OTC: ACRHF, ACRDF) a multi-state operator of cannabis cultivation and retailing facilities in the U.S., announced today it has completed the sale of US$28.0 million in promissory notes receivable (the Notes) that it received as consideration for the previously announced sale of its Acreage Florida subsidiary to Red White and Bloom Brands, Inc. (CSE: RWB) (OTCQX: RWBYF).

Key Points: 
  • NEW YORK, June 14, 2021 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (Acreage) (CSE: ACRG.A.U, ACRG.B.U), (OTC: ACRHF, ACRDF) a multi-state operator of cannabis cultivation and retailing facilities in the U.S., announced today it has completed the sale of US$28.0 million in promissory notes receivable (the Notes) that it received as consideration for the previously announced sale of its Acreage Florida subsidiary to Red White and Bloom Brands, Inc. (CSE: RWB) (OTCQX: RWBYF).
  • This represents the upper range of the estimated fair market value of the Notes as determined by an independent financial advisor retained by Acreage to consider the fair market value of the Notes.
  • No additional fees or commission were paid related to the sale of the Notes.
  • The material change report will be filed within 10 days of the date sale of the Notes.