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DENVER, Colo., September 24, 2019- (24/7MarketNews via COMTEX) Venture Market News for September 24, 2019.
Ayr Strategies Announces 5% Share Buyback, the Maximum Allowed for CSE Listed Companies; Raises Midpoint of 2019 Forecast and Reaffirms 2020 Outlook
- Ayr Announces Stock Repurchase Program with Capacity of 5% of Outstanding Subordinate Voting Shares (“SVS”), the Maximum Amount Allowed for CSE Listed Companies
- Ayr Raises Midpoint of 2019 Forecast, Reaffirms 2020 Outlook
|2019 (post QT annualized)||2020|
|Prior Range||Revised Range|
|Revenue||US$110 – US$130 million||US$120 – US$130 million||US$225 – US$245 million|
|Adjusted EBITDA||US$30 – US$40 million||US$35 – US$40 million||US$105 – US$115 million|
- Ayr Continues to Produce Strong Organic Growth in Anchor Portfolio
TORONTO, Sept. 24, 2019 (GLOBE NEWSWIRE) — Ayr Strategies Inc. (CSE: AYR.A, OTCQX: AYRSF) (“Ayr” or the “Company”), a vertically-integrated cannabis multi-state operator (MSO) with a presence in the western and eastern U.S., today announces it has authorized a stock repurchase program for up to the maximum repurchase amount allowed in a 12-month period for CSE listed companies, equal to 5% of the Company’s outstanding Subordinate Voting Shares (“SVS”).
Auxly Announces Closing of Previously Announced $84 Million Credit Facilities Through its Joint Venture Partner, Sunens Farms Inc.
VANCOUVER, British Columbia, Sept. 24, 2019 (GLOBE NEWSWIRE) — Auxly Cannabis Group Inc. (TSX.V – XLY) (“Auxly” or the “Company“) is pleased to announce that its joint venture partner, Sunens Farms Inc. (“Sunens”), has closed the previously announced $84 million syndicated credit facilities, with the Bank of Montreal (“BMO”) as Lead Underwriter. The syndicated senior debt facility will be for $71.5 million (the “Credit Facility”) for a three-year term together with a BMO $12.5 million leasing facility (the “Leasing Facility”).
MariMed Applauds GenCanna’s Engagement of Goldman Sachs
NORWOOD, Mass., Sept. 24, 2019 (GLOBE NEWSWIRE) — MariMed Inc. (OTCQX: MRMD), a premier cannabis and hemp multi-state operator focused on health and wellness, today announced its support of GenCanna Global USA’s engagement of Goldman Sachs & Co. LLC (Goldman Sachs) to serve as its financial advisor to assist in evaluating an initial public offering and other strategic financing alternatives.
Beta Hunt Delivers More High-Grade Gold
1,750oz Gold Recovered from 274 kg of Rock
TORONTO, Sept. 24, 2019 /CNW/ – RNC Minerals (TSX: RNX) (“RNC”) is pleased to announce that additional high-grade coarse gold has been recovered at its Beta Hunt Mine in Western Australia.
Aleafia Health Provides Guidance for Profitable Third Quarter 2019
- Company maintains strong balance sheet with $51 million in cash on hand
- Construction of Paris Phase II Processing facility expected to be completed in October 2019
- Active, registered patients increased to over 10,000, a 42% increase since July
- Products grown, extracted and exported by Aleafia Health now available to patients in Australia
TORONTO, Sept. 24, 2019 (GLOBE NEWSWIRE) — Aleafia Health Inc. (TSX: ALEF, OTC: ALEAF, FRA: ARAH) (“Aleafia Health” or the “Company”) is pleased to provide guidance anticipating the Company will achieve positive net income for the three month period ended September 30, 2019.
Charlotte’s Web Announces 738 Vitamin Shoppe Locations Across 45 States Commence Selling New Gummy Line
BOULDER, CO, Sept. 24 2019 /CNW/ – (CSE: CWEB; OTCQX: CWBHF) Charlotte’s Web Holdings, Inc. (“Charlotte’s Web” or the “Company”), the market leader in whole-plant CBD hemp extract products is pleased to announce that The Vitamin Shoppe (NYSE: VSI), an omni-channel, specialty retailer of nutritional products, has commenced selling the new line of Charlotte’s Web CBD hemp extract-infused CBD gummies in 738 stores across 45 U.S. states. This expands Charlotte’s Web product offerings carried by The Vitamin Shoppe to include CBD hemp extract oil tinctures, liquid capsules, and now gummies. Charlotte’s Web gummies are a popular edible format providing measurable consumption of convenient bite-sized full-spectrum CBD hemp extract.
CV Sciences, Inc. Launches Seven New Body Care Hemp CBD Products at Natural Products Expo East
SAN DIEGO, Sept. 24, 2019 (GLOBE NEWSWIRE) — CV Sciences, Inc. (OTCQB:CVSI) (the “Company”, “CV Sciences”, “our”, “us” or “we”), a preeminent supplier and manufacturer of hemp cannabidiol (CBD) products, has announced the expansion of its industry-dominating brand, PlusCBD™ Oil, with the launch of seven new body care products at Natural Products Expo East.
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