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IM Cannabis Closes Additional Tranche of LIFE Offering

Retrieved on: 
Thursday, February 16, 2023

TORONTO, and GLIL YAM, Israel, Feb. 16, 2023 /PRNewswire/ -- IM Cannabis Corp. (the "Company" or "IMC") (NASDAQ: IMCC) (CSE: IMCC), an international medical cannabis company, is pleased to announce that it has closed a fifth and final tranche of its previously announced non-brokered private placement offering of units of the Company (each a "Unit") pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (the "LIFE Offering"). An aggregate of 505,798 Units at a price of US$1.25 per Unit for aggregate proceeds of US$632,247.50 were issued and sold under the fifth tranche of the LIFE Offering. In addition, a non-independent director of the Company subscribed for 29,548 Units at an aggregate subscription price of US$36,935. The director's subscription price was satisfied by the settlement of US$36,935 in debt owed by the Company to the director for certain consulting services previously rendered by the director to the Company. Each Unit consisted of one common share of the Company (each a "Common Share") and one Common Share purchase warrant (each a "Warrant") at a price of US$1.25 per Unit. Each Warrant entitles its holder to purchase one additional Common Share at an exercise price of US$1.50 for a period of 36 months from the date of issue. The securities were offered for sale to purchasers resident in Canada (except Quebec) and/or other qualifying jurisdictions and are not subject to any statutory hold period in accordance with applicable Canadian securities laws.

Key Points: 
  • An aggregate of 505,798 Units at a price of US$1.25 per Unit for aggregate proceeds of US$632,247.50 were issued and sold under the fifth tranche of the LIFE Offering.
  • The Company does not intend on completing any additional tranches under the LIFE Offering or Concurrent Offering.
  • The Company intends to use the net proceeds from the LIFE Offering and Concurrent Offering for general working capital purposes.
  • The Company did not file a material change report in respect of the director's participation in the LIFE Offering at least 21 days before closing of the second tranche of the LIFE Offering as the director's participation was not definitively known at that time.

IDB BANK ANNOUNCES STRATEGIC EXPANSION OF SPONSOR & LEVERAGE FINANCE TEAM

Retrieved on: 
Wednesday, February 15, 2023

NEW YORK, Feb. 15, 2023 /PRNewswire/ -- IDB Bank (IDB), a New York-based private and commercial bank, has announced the expansion of its Sponsor & Leverage Finance team. As part of this expansion, IDB aims to further its presence within the leverage finance space, a key area of growth over the next several years.

Key Points: 
  • NEW YORK, Feb. 15, 2023 /PRNewswire/ -- IDB Bank (IDB), a New York-based private and commercial bank, has announced the expansion of its Sponsor & Leverage Finance team.
  • The recently formed Sponsor & Leverage Finance team additionally includes David Gilio, Senior Vice President of Sponsor Finance, who joined the Bank in February 2021.
  • He additionally held notable positions within the Leverage and Sponsor Finance groups with Royal Bank of Scotland and TD Securities
    "The recent strategic expansion of Sponsor & Leverage Finance team is a tremendous win for our organization," said Lissa Baum, Head of IDB New York Commercial Banking.
  • The IDB Sponsor & Leverage Finance team will report to Christopher Dowd, Head of Syndications, Sponsor & Leverage Finance.

eBay Motors Launches New Purchase Protections for Auto Parts & Accessories

Retrieved on: 
Tuesday, February 14, 2023

SAN JOSE, Calif., Feb. 14, 2023 /PRNewswire/ -- Today, eBay Motors, the parts and accessories destination used by millions of car lovers, builders, restorers and mechanics, announces the launch of eBay Guaranteed Fit, a program that gives users even more confidence when buying and selling on the marketplace. Shoppers can now look for the green 'Fits' compatibility checkmark on select parts and accessories listings to gauge whether the part will fit their vehicle. If the part arrives and doesn't fit as expected, eBay Motors will cover the cost of the return and the buyer will receive a full refund – enabling more seamless and trusted transactions for both shoppers and sellers.

Key Points: 
  • "People are buying and selling parts online like never before, and eBay Guaranteed Fit helps take the guesswork out of the shopping experience," said Chris Prill, VP of eBay Motors.
  • With today's launch, eBay Motors is empowering shoppers to browse and buy the millions of parts and accessories on the marketplace with that crucial added assurance."
  • With three parts or accessories sold every second on the marketplace, the search tools and purchase protections now offered on eBay Motors are an important part of the shopping journey.
  • Discover parts that fit: eBay Motors verifies that the vehicle details match the part compatibility information within the listing.

ABCoA Hosts Deal Pack User Conference for Retail, BHPH, and LHPH Dealers

Retrieved on: 
Tuesday, February 14, 2023

JACKSONVILLE, Fla., Feb. 14, 2023 /PRNewswire/ -- Advanced Business Computers of America, Inc. (ABCoA), a Software-as-a-Service company dedicated to the used car and special finance industries and known for Deal Pack and cyclCRM, is kicking off their 40th anniversary by hosting their fifth Deal Pack User Conference on February 27th and 28th at their headquarters in Jacksonville, Florida.

Key Points: 
  • JACKSONVILLE, Fla., Feb. 14, 2023 /PRNewswire/ -- Advanced Business Computers of America, Inc. (ABCoA), a Software-as-a-Service company dedicated to the used car and special finance industries and known for Deal Pack and cyclCRM, is kicking off their 40th anniversary by hosting their fifth Deal Pack User Conference on February 27th and 28th at their headquarters in Jacksonville, Florida.
  • The User Conference is a unique learning experience for independent dealers, much like a dealer performance group.
  • "The Deal Pack User Conference is a special experience for our customers and prospects," said Karolina Jarvis, Head of Human Resources & Public Relations at ABCoA.
  • ABCoA hosts their fifth User Conference to provide training and collaboration among their users and to maximize productivity and profitability within Deal Pack and Deal Pack Service & Parts.

Introducing Caresoft Global's Iceberg Benchmarking System 3.0: Actionable, Data-Driven Insights for Global Automotive Benchmarking

Retrieved on: 
Tuesday, February 14, 2023

DETROIT, Feb. 14, 2023 /PRNewswire/ -- Caresoft Global, a global engineering company specializing in automotive benchmarking and engineering solutions, today announced the release of its Iceberg Benchmarking System 3.0, the latest edition of the company's comprehensive and scalable enterprise platform for accessing and creating teardown data for full vehicles.

Key Points: 
  • Therefore benchmarking data has taken on even more significant importance as it can provide actionable insights that will allow OEMs to make informed decisions regarding their product designs based on benchmarking data.
  • By unlocking the power of focused benchmarking data—and letting companies put those insights to actionable use—the Iceberg Benchmarking System 3.0 stands to make a major impact on R&D and product development programs globally."
  • Users can access Iceberg Benchmarking System 3.0 and compare data in fine detail, perform analytics, and export information in the format that suits them best.
  • The Iceberg Benchmarking System 3.0 represents the next evolutionary stage in that project.

Buckingham Public Schools Deploys R-Zero Biosafety Platform, Protecting Over 2,000 Students and Staff

Retrieved on: 
Thursday, February 9, 2023

BUCKINGHAM, Va., Feb. 9, 2023 /PRNewswire/ -- Buckingham County Public Schools today announced a rollout of UV-C disinfection technology to keep students and faculty safer and healthier in partnership with biosafety technology company, R-Zero. The rollout is part of Buckingham's continued commitment to improving student engagement and enabling a higher standard of protection in its school buildings. 

Key Points: 
  • Buckingham is deploying two R-Zero Arc systems, which use UV light to neutralize 99.99% of harmful microorganisms in the air and on surfaces in minutes, to protect over 2,000 students and staff.
  • "We're thrilled to partner with R-Zero to bring a sustainable solution to improving indoor air quality in Buckingham Public Schools," said Dr. John Keeler, Superintendent, Buckingham County Public Schools.
  • "Keeping students and staff safe in our schools is of the utmost importance to us.
  • "R-Zero is proud to partner with Buckingham to deploy our technology to provide safer and healthier indoor learning environments for students, teachers, and district staff."

Immunic to Host Virtual Celiac Disease R&D Day to Highlight Current Pathways for Drug Development and Unmet Medical Need

Retrieved on: 
Thursday, February 9, 2023

NEW YORK, Feb. 9, 2023 /PRNewswire/ -- Immunic, Inc. (Nasdaq: IMUX), a clinical-stage biopharmaceutical company developing a pipeline of selective oral immunology therapies focused on treating chronic inflammatory and autoimmune diseases, announced that its Celiac Disease R&D Webcast will take place today, February 9, 2023 from 11:00 am to 1:00 pm ET.

Key Points: 
  • He will focus on the relevance of the pro-inflammatory cytokine interleukin-2 (IL-2) as objective biomarker that correlates with onset and severity of symptoms after gluten exposure and its relevance for clinical celiac disease trials.
  • "We look forward to hosting this deep-dive discussion, focused on the current challenges of treating celiac disease with two, such renowned thought leaders as Drs.
  • The Celiac Disease R&D Day webcast will be held virtually via Zoom.
  • An archived replay of the webcast will be available approximately one hour after completion on Immunic's website at: ir.imux.com/events-and-presentations .

MOMENTICA: 6 Things New Users Should Know When Collecting Digital Photo Cards - Or Collectibles - Of their Favorite K-Pop Artists

Retrieved on: 
Thursday, February 9, 2023

LE SERRAFIM'S digital collectible owners have grown sevenfold while the number of followers has grown by four times.

Key Points: 
  • LE SERRAFIM'S digital collectible owners have grown sevenfold while the number of followers has grown by four times.
  • In addition, more than 60,000 free giveaway digital collectibles of fromis_9, released on January 19, were gone in less than a week.
  • TAKE™️ is the term for the unique digital collectibles available on MOMENTICA that range from digital photo cards and short-form videos to handwriting and voice files of users' favorite artists.
  • Name their Collect Book, select a cover image and decorate the favorite artists' digital collectibles for a whole new layer of uniqueness.

G Mining Ventures Grants Equity Incentives

Retrieved on: 
Tuesday, February 7, 2023

BROSSARD, QC, Feb. 7, 2023 /PRNewswire/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSXV: GMIN) (OTCQX: GMINF) announces that, pursuant to the Company's omnibus equity incentive plan (the "Plan"), on February 6, 2023, the Board of Directors granted 41,292 Restricted Share Units (the "RSUs") of the Corporation and 91,752 Stock Options of the Corporation (the "Options") to the Vice President, Investor Relations & Communications of the Corporation.

Key Points: 
  • BROSSARD, QC, Feb. 7, 2023 /PRNewswire/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSXV: GMIN) (OTCQX: GMINF) announces that, pursuant to the Company's omnibus equity incentive plan (the "Plan"), on February 6, 2023, the Board of Directors granted 41,292 Restricted Share Units (the "RSUs") of the Corporation and 91,752 Stock Options of the Corporation (the "Options") to the Vice President, Investor Relations & Communications of the Corporation.
  • Each RSU confers upon its holder the right to receive, without payment of any consideration, one Common Share or, at the Corporation's option, a cash payment equal to the Fair Market Value (as defined in the Plan) of such Common Share (with the additional option of receiving any combination of cash and Common Shares), the whole in accordance with Part 8 of the Plan.
  • Each Option confers upon its holder the right to purchase one common share in the capital of the Corporation, for a following period of five (5) years and exercisable at a price of C$0.89.
  • The vesting terms are: one third (1/3) one (1) year after the date of grant, one third (1/3) two (2) years after the grant, and one third (1/3) three (3) years after the grant.

IM Cannabis Closes Additional Tranches of Private Placement Offerings

Retrieved on: 
Tuesday, February 7, 2023

TORONTO and GLIL YAM, Israel, Feb. 7, 2023 /PRNewswire/ -- IM Cannabis Corp. (the "Company" or "IMC") (NASDAQ: IMCC) (CSE: IMCC), an international medical cannabis company, is pleased to announce that it has closed a fourth tranche of its previously announced non-brokered private placement offering of units of the Company (each a "Unit") pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (the "LIFE Offering"). An aggregate of 760,450 Units at a price of US$1.25 per Unit for aggregate proceeds of US$950,562.50 were issued and sold under the fourth tranche of the LIFE Offering. Each Unit consisted of one common share of the Company (each a "Common Share") and one Common Share purchase warrant (each a "Warrant") at a price of US$1.25 per Unit. Each Warrant entitles its holder to purchase one additional Common Share at an exercise price of US$1.50 for a period of 36 months from the date of issue. The Company may close additional tranches of the LIFE Offering, but in no event shall the final tranche close later than March 2, 2023. The securities were offered for sale to purchasers resident in Canada (except Quebec) and/or other qualifying jurisdictions and are not subject to any statutory hold period in accordance with applicable Canadian securities laws.

Key Points: 
  • Each Warrant entitles its holder to purchase one additional Common Share at an exercise price of US$1.50 for a period of 36 months from the date of issue.
  • The Company may close additional tranches of the LIFE Offering, but in no event shall the final tranche close later than March 2, 2023.
  • In total, the Company paid cash finder's fees of US$113,465.63 to eligible finders in connection with the LIFE Offering.
  • The Company intends to use the net proceeds from the LIFE Offering and Concurrent Offering for general working capital purposes.