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Press Release

Canopy Growth Corporation Announces $175 Million Bought Deal Financing

By on Jan 21, 2018 in Press Release | 0 comments

SMITHS FALLS, ONTARIO–(Marketwired – Jan. 17, 2018) – THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Canopy Growth Corporation (TSX:WEED) (“Canopy Growth” or the “Corporation”) announced today that it has entered into an agreement with a syndicate of underwriters co-led by GMP Securities L.P. (“GMP”) and BMO Capital Markets as joint bookrunners (“BMO” and together with GMP, the “Co-Lead Underwriters” and collectively with the syndicate, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis pursuant to the filing of a short form prospectus, 5,060,000 common shares (the “Common Shares”) of the Corporation at a price of $34.60 per Common Share (the “Offering Price”) for aggregate gross proceeds to Canopy Growth of $175,076,000 (the “Offering”). The Corporation has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 759,000 Common Shares at the Offering Price, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the Offering. The Common Shares will be offered by way of a short form prospectus to be filed in all provinces of Canada (except Quebec). The Company intends to use the net proceeds from the Offering for capital expenditures for capacity expansion, working capital, and general corporate requirements. The Offering is expected to close on February 7, 2018 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Toronto Stock Exchange and the applicable securities regulatory authorities. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation...

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Clarification on Rolls-Royce Press Release – The Maritime Executive

By on Jan 21, 2018 in Press Release | 0 comments

By MarEx 2018-01-19 22:15:00 Clarification on the Rolls-Royce press release entitled “Rolls-Royce announces further simplification of business, strategic review of Commercial Marine operation and plans to restructure support and management functions”: “Following Wednesday’s announcement of a further simplification of our business into three focused operating businesses (Civil Aerospace, Defence and Rolls-Royce Power Systems), Rolls-Royce would like to make it clear that our Power Systems business including MTU Bergen Engines is unaffected by the decision to start a strategic review of our Commercial Marine operation. Rolls-Royce Power Systems, which has headquarters in Friedrichshafen, Germany, will continue to supply and service complex power and propulsion systems from MTU and Bergen Engines for customers in marine and infrastructure markets, with applications ranging from power generation, rail and mining, to construction, agriculture, yachts and defence. Marine customers include Navies, yacht manufacturers, shipyards and operators of commercial vessels. Our Commercial Marine operation, which has its largest facilities in Norway and Finland, provides ship design and onboard equipment mainly for the offshore oil and gas and commercial marine markets. It is this part of Rolls-Royce which is subject to a strategic review.” The products and services herein described in this press release are not endorsed by The Maritime...

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COMMUNITY NEWS RELEASE: Grace United Methodist Church in Pekin presenting holiday family opera Sunday

By on Jan 20, 2018 in Press Release | 0 comments

Grace United Methodist Church in Pekin is presenting the beloved holiday family opera/musical Menotti’s “Amahl and the Night Visitors” at 10:45 a.m. and again at 4 p.m. this Sunday, Jan. 21 in the new Grace Family Life Center at 4th and State streets in Pekin. Free Will donations will be accepted but are not required. Melissa Oltman, 12, is an amazing Amahl, and Marianne Oltman is singing the mother. Former Metropolitan Opera tenor Thomas Booth is King Kaspar, who sings the famous Box Aria; Pastor Joel Catlin is King Balthazar and Choir Director Jim Rimington is King Melchior. The production has a stage set, beautiful costumes, there are two dancers, a full chorus and an orchestra, as well. Special lighting is part of the show, and the voices will be projected to make sure everything is clearly heard. The church members have worked very hard to bring this epic to the community, and it is a show for the whole...

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Embattled Greitens puts out his tax cut plan via news release

By on Jan 20, 2018 in Press Release | 0 comments

JEFFERSON CITY • Embattled Gov. Eric Greitens stayed out of the public eye again Thursday, releasing the broad outlines of a tax cut plan in the style of President Donald Trump by news release instead of the statewide tour he had planned before he became embroiled in scandal. The tax cut plan had been the most ambitious initiative in a State of the State speech last week, but the tour was canceled after Greitens admitted he had an extramarital affair in 2015. The Republican chief executive denied allegations that he had threatened to release an intimate photo of the woman if she talked about their relationship. This timeline of events contains information from the ex-husband of a woman who he says had an extramarital relationship with Greitens. On Wed… The scandal is under investigation by St. Louis Circuit Attorney Kim Gardner and has triggered calls by Republican lawmakers for the first-term governor to resign. Under the tax plan, Greitens offered few specifics other than he wants to cut taxes for “working families” and corporations. He also said he wants the plan to be revenue-neutral, and that it would “end loopholes that primarily benefit big businesses and high earners,” but the governor offered no financial details to support the outline. “It’s the boldest state tax reform in America because it’s tax reform for working families — not lobbyists and special interests,” said Greitens, a former Navy SEAL who ran for office as an outsider. The news release says the scuttled tour may be resurrected in the coming weeks. Any attempt at tax cuts, however, faces an uncertain fate in the GOP-controlled Legislature. Speaking to reporters Thursday, Senate President Pro Tem Ron Richard, R-Joplin, raised red flags about cutting taxes at a time when the state is having to cut spending on other programs. “I’m skeptical about tax cuts when we are cutting higher education and we’re having a conversation about transportation,” Richard said. “We’ve got to be able to provide for that safety net and the things that we’re required to do.” One Democratic leader mocked the proposal, saying it was a desperation play by a scandal-plagued governor. “Until Eric Greitens stops hiding and, in his own words, offers a...

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Embattled Greitens avoids spotlight, releases tax cut plan via press …

By on Jan 19, 2018 in Press Release | 0 comments

JEFFERSON CITY • Embattled Gov. Eric Greitens stayed out of the public eye again Thursday, releasing the broad outlines of a tax cut plan in the style of President Donald Trump by news release instead of the statewide tour he had planned before he became embroiled in scandal. The tax cut plan had been the most ambitious initiative in a State of the State speech last week, but the tour was canceled after Greitens admitted he had an extramarital affair in 2015. The Republican chief executive denied allegations that he had threatened to release an intimate photo of the woman if she talked about their relationship. This timeline of events contains information from the ex-husband of a woman who he says had … The scandal is under investigation by St. Louis Circuit Attorney Kim Gardner and has triggered calls by Republican lawmakers for the first-term governor to resign. Under the tax plan, Greitens offered few specifics other than he wants to cut taxes for “working families” and corporations. He also said he wants the plan to be revenue-neutral, and that it would “end loopholes that primarily benefit big businesses and high earners,” but the governor offered no financial details to support the outline. “It’s the boldest state tax reform in America because it’s tax reform for working families — not lobbyists and special interests,” said Greitens, a former Navy SEAL who ran for office as an outsider. The news release says the scuttled tour may be resurrected in the coming weeks. Any attempt at tax cuts, however, faces an uncertain fate in the GOP-controlled Legislature. Speaking to reporters Thursday, Senate President Pro Tem Ron Richard, R-Joplin, raised red flags about cutting taxes at a time when the state is having to cut spending on other programs. “I’m skeptical about tax cuts when we are cutting higher education and we’re having a conversation about transportation,” Richard said. “We’ve got to be able to provide for that safety net and the things that we’re required to do.” One Democratic leader mocked the proposal, saying it was a desperation play by a scandal-plagued governor. “Until Eric Greitens stops hiding and, in his own words, offers a full and detailed public denial of...

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Canopy Growth Corporation Announces Increase to Bought Deal …

By on Jan 19, 2018 in Press Release | 0 comments

SMITHS FALLS, ONTARIO–(Marketwired – Jan. 18, 2018) – THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Canopy Growth Corporation (TSX:WEED) (“Canopy Growth” or the “Corporation”) is pleased to announce that, due to strong demand, it has agreed with a syndicate of underwriters co-led by GMP Securities L.P. (“GMP”) and BMO Capital Markets as joint bookrunners (“BMO” and together with GMP, the “Co-Lead Underwriters”), and including Canaccord Genuity Corp., Eight Capital, Beacon Securities Limited, and PI Financial Corp. (collectively with the Co-Lead Underwriters, the “Underwriters”), to increase the size of its previously announced $175,076,000 bought deal offering. Pursuant to the upsized deal terms, the Underwriters have agreed to purchase, on a bought deal basis, 5,800,000 common shares (the “Common Shares”) of the Corporation at a price of $34.60 per Common Share (the “Offering Price”) for aggregate gross proceeds to Canopy Growth of $200,680,000 (the “Offering”). The Corporation has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 870,000 Common Shares at the Offering Price, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the Offering. If this option is exercised in full, an additional $30,102,000 in gross proceeds will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be $230,782,000. The Common Shares will be offered by way of a short form prospectus to be filed in all provinces of Canada (except Quebec). The Corporation intends to use the net proceeds from the Offering for capital expenditures for capacity expansion, working capital, and general corporate requirements. The Offering is expected to close on February 7, 2018 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Toronto Stock Exchange and the applicable securities regulatory authorities. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to,...

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