Economy

Hufcor Announces Publishing of Environmental Product Declarations (EPDs)

Saturday, June 12, 2021 - 4:00pm

JANESVILLE, Wis., June 12, 2021 /PRNewswire-PRWeb/ -- Hufcor , the global leader in flexible space management and operable partitions, announces the publishing of seven Environmental Product Declarations (EPDs) for all its glass walls products, 640 series operable partitions and steel and aluminum track systems.

Key Points: 
  • JANESVILLE, Wis., June 12, 2021 /PRNewswire-PRWeb/ -- Hufcor , the global leader in flexible space management and operable partitions, announces the publishing of seven Environmental Product Declarations (EPDs) for all its glass walls products, 640 series operable partitions and steel and aluminum track systems.
  • An Environmental Product Declaration (EPD) is a summary report of a product's environmental performance based on Life Cycle Assessment (LCA), a scientific process which examines the environmental impacts associated with all stages of a product's life, from raw material extraction, through processing, manufacture, distribution, use, repair/maintenance, to end of life (disposal or recycling).
  • "SCS performed a life cycle assessment of the products for the EPDs, disclosing the environmental impacts of each product throughout its entire life cycle.
  • SCS Global Services (SCS) has been providing global leadership in third-party quality, environmental and sustainability verification, certification, auditing, testing, and standards development for three decades.

Expert: Tariff warfare against China is futile

Saturday, June 12, 2021 - 11:19am

"But such expectations have failed, while the tariff surges have damaged US companies' competence, dragged down US economic development, and hurt US people due to consequently higher product prices and fewer jobs."

Key Points: 
  • "But such expectations have failed, while the tariff surges have damaged US companies' competence, dragged down US economic development, and hurt US people due to consequently higher product prices and fewer jobs."
  • The US trade deficit with China has increased, and US companies are bearing the brunt of elevated tariffs on Chinese goods, Tu said, citing a recent report by rating agency Moody's Investors Service.
  • This also resulted in higher inflation and fewer jobs, he added.
  • "China overtook the US as the world's top destination for foreign direct investment flows last year, which showed that attempts to force supply chain activities out of China are in vain," Tu said.

Expert: Tariff warfare against China is futile

Saturday, June 12, 2021 - 11:04am

"But such expectations have failed, while the tariff surges have damaged US companies' competence, dragged down US economic development, and hurt US people due to consequently higher product prices and fewer jobs."

Key Points: 
  • "But such expectations have failed, while the tariff surges have damaged US companies' competence, dragged down US economic development, and hurt US people due to consequently higher product prices and fewer jobs."
  • The US trade deficit with China has increased, and US companies are bearing the brunt of elevated tariffs on Chinese goods, Tu said, citing a recent report by rating agency Moody's Investors Service.
  • This also resulted in higher inflation and fewer jobs, he added.
  • "China overtook the US as the world's top destination for foreign direct investment flows last year, which showed that attempts to force supply chain activities out of China are in vain," Tu said.

Cease Trade Order Issued by the Ontario Securities Commission

Saturday, June 12, 2021 - 1:29am

Among other things, the CTO revokes the management cease trade order issued by the OSC on April 9, 2021 in respect to certain insiders of the Company, which prohibited those persons from trading in the Companys securities until such time as the Documents are filed.

Key Points: 
  • Among other things, the CTO revokes the management cease trade order issued by the OSC on April 9, 2021 in respect to certain insiders of the Company, which prohibited those persons from trading in the Companys securities until such time as the Documents are filed.
  • Holders of Avicanna securities are urged to consult with their own investment advisors or legal counsel about the implications of the CTO.
  • A copy of the CTO has been posted on the website of the Canadian Securities Administrators at cto-iov.csa-acvm.ca.
  • This news release contains "forward-looking information" within the meaning of applicable securities laws.

SBA Announces Funding Competition to Organizations Providing Federal Procurement Training to Veteran Entrepreneurs

Saturday, June 12, 2021 - 12:46am

Washington, June 11, 2021 (GLOBE NEWSWIRE) -- The U.S. Small Business Administration today announced that non-profit organizations and private sector firms are now eligible to compete for funding of up to $500,000 to deliver federal procurement training to veteran and service-disabled veteran entrepreneurs.

Key Points: 
  • Washington, June 11, 2021 (GLOBE NEWSWIRE) -- The U.S. Small Business Administration today announced that non-profit organizations and private sector firms are now eligible to compete for funding of up to $500,000 to deliver federal procurement training to veteran and service-disabled veteran entrepreneurs.
  • Up to two awardees will use the $500,000 in total funding to participate in the Veteran Federal Procurement Entrepreneurship Training Program( SB-OVVT-21-001 ) with grants from SBAs Office of Veterans Business Development .
  • "Through our Veteran Federal Procurement Entrepreneurship Training Program, we will continue to provide grants that train and empower veterans and service-disabled veterans as they enter and expand in the federal marketplace.
  • Eligible organizations must submit applications for the Veteran Federal Procurement Entrepreneurship Training Program( SB-OVVT-21-001 ) funding opportunity by 11:59 p.m.

Seadrill New Finance Limited (the "Issuer") - Update on Restructuring Discussions and SeaMex Ltd Joint Venture

Friday, June 11, 2021 - 11:07pm

The restructuring discussions include SeaMex Ltd ("SeaMex"), a 50/50 joint venture which Seadrill established with an investment fund controlled by Fintech Holdings Limited ("Fintech") in 2014.

Key Points: 
  • The restructuring discussions include SeaMex Ltd ("SeaMex"), a 50/50 joint venture which Seadrill established with an investment fund controlled by Fintech Holdings Limited ("Fintech") in 2014.
  • Seamexholding International, Inc. (a wholly owned subsidiary of Fintech) served a petition to place SeaMex under provisional liquidation in Bermuda.
  • The financial creditors of SeaMex remain fully supportive of SeaMex.
  • Such a restructuring is only at the SeaMex holding company level and will not impact the operational activities of the business.

Seadrill New Finance Limited (the "Issuer") - Update on Restructuring Discussions and SeaMex Ltd Joint Venture

Friday, June 11, 2021 - 11:05pm

The restructuring discussions include SeaMex Ltd ("SeaMex"), a 50/50 joint venture which Seadrill established with an investment fund controlled by Fintech Holdings Limited ("Fintech") in 2014.

Key Points: 
  • The restructuring discussions include SeaMex Ltd ("SeaMex"), a 50/50 joint venture which Seadrill established with an investment fund controlled by Fintech Holdings Limited ("Fintech") in 2014.
  • Seamexholding International, Inc. (a wholly owned subsidiary of Fintech) served a petition to place SeaMex under provisional liquidation in Bermuda.
  • The financial creditors of SeaMex remain fully supportive of SeaMex.
  • Such a restructuring is only at the SeaMex holding company level and will not impact the operational activities of the business.

Vintage Wine Estates, Inc. Announces Filing of Super 8-K in Connection With the Completion of Its Business Combination with Bespoke Capital Acquisition Corp.

Friday, June 11, 2021 - 10:42pm

VWE reported net revenue of $163.7 million, net income of $15.3 million, and Adjusted EBITDA of $30.4 million.

Key Points: 
  • VWE reported net revenue of $163.7 million, net income of $15.3 million, and Adjusted EBITDA of $30.4 million.
  • This represents 10% growth in net revenue and 54% growth in Adjusted EBITDA over the corresponding nine-month period in fiscal year 2020.
  • This includes the full year pro forma impact of the acquisition of Kunde.
  • Because of these limitations, you should consider Adjusted EBITDA alongside other financial performance measures, including net income and our other GAAP results.

ThreeD Capital Inc. Announces Unaudited May 31, 2021 Net Asset Value Per Share - $1.07

Friday, June 11, 2021 - 10:30pm

TORONTO, June 11, 2021 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. (ThreeD or the Company) (CSE:IDK / OTCQB:IDKFF) a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, announces that at May 31, 2021, its unaudited net asset value per share (NAV) was $1.07.

Key Points: 
  • TORONTO, June 11, 2021 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. (ThreeD or the Company) (CSE:IDK / OTCQB:IDKFF) a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, announces that at May 31, 2021, its unaudited net asset value per share (NAV) was $1.07.
  • Use of Non-GAAP Financial Measures:
    This press release contains references to NAV or net asset value per share which is a non-GAAP financial measure.
  • NAV is calculated as the value of total assets less the value of total liabilities divided by the total number of common shares outstanding as at a specific date.
  • ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors.

Capstone Mining Corp. Announces Filing of Preliminary Base Shelf Prospectus for Future Financial Flexibility and Updated Technical Report for Pinto Valley

Friday, June 11, 2021 - 10:42pm

The specific terms of any future offering of securities (if any) will be set forth in a shelf prospectus supplement.

Key Points: 
  • The specific terms of any future offering of securities (if any) will be set forth in a shelf prospectus supplement.
  • Capstone has filed this base shelf prospectus for future financial flexibility and has no immediate intentions to undertake an offering.
  • In addition, the Company has filed on SEDAR a technical report titled NI 43-101 Technical Report on the Pinto Valley (PV) Mine, Arizona, USA" (the Technical Report) updating the PV3 life of mine plan.
  • Forward-looking statements include, but are not limited to, statements with respect to the filing of a final base shelf prospectus, future offerings of securities and updated technical reports or technical information.