NEW YORK, NY / ACCESSWIRE / June 28, 2017 / SeeThruEquity, a leading independent equity research and corporate access firm focused on small-cap and micro-cap public companies, today announced it has initiated coverage on Earth Science Tech, Inc. (OTC PINK: ETST) with a price target of $4.12.

The report is available here: ETST Initiation Report.

Earth Science Tech is a biotechnology company focused on research, development, and sale of hemp derived CBD based nutraceuticals, pharmaceuticals and dietary supplements. CBD is one of the more than 85 cannabinoids identified in marijuana and hemp plants and is non-psychoactive with a wide array of therapeutic benefits. Hemp derived CBD market is projected to grow at a CAGR of ~53% till 2020, positioning it as the fastest growing sub segment within the multi-billion-dollar legal cannabis and hemp market. The recent launch of new flavored CBD oil, organic chocolate CBD line, and pet CBD is expected to boost revenues this year. The JV partnership with Karmavore Superfoods and Forzagen provides ETST with an entry in the lucrative multi-billion dollar sports supplement market and food edibles. Further, the recent new formed wholly owned subsidiary of KannaBidioiD, Inc. diversifies ETST’s presence in the niche recreational vape/smoke space. Heavy marketing push via presence in high profile magazines (Natural Awakenings) and web portals (MassRoots) is expected to yield strong order flow going forward. The product pipeline remains robust with series of CBD based nutraceutical being on of the two only CBD companies that recommended by the Institute of Natural Healing (INH) for cancer as well two CBD generic pharmaceuticals, two medical devices (MSN-2), and three patent pending products based off their application claims the benefit of ETST U.S. Provisional Application N. 62/061,577, filed October 8, 2014 and ETST U.S. Provisional Application No. 62/102,538, filed January 12, 2015 anticipated to be launched in 2H17 and early 2018. We see ETST as a speculative play on the burgeoning legal cannabis and hemp market targeting the fastest growing sub segment (hemp derived CBD). Going forward in FY17, we expect ETST to increase revenues approximately 350% to $2 million through new product launches, aggressive marketing initiatives and entry into new markets (sports supplement, recreational vape/smoke).

Highlights from the report include:

Large addressable market opportunity

CBD pharmaceuticals and nutraceuticals are one of the fastest growing sectors in the legal cannabis industry. Clinical research studies have demonstrated that CBD nutraceuticals have the potential to treat arthritis, MS, chronic pain, PTSD, depression, epilepsy and a myriad of other illnesses and disorders. The North American legal cannabis market stood at ~$7 billion in 2016, with strong growth prospects. The market is expected to reach ~$22 billion by 2020, representing a CAGR of 25%. Eight states in the US have legalized the use of recreational marijuana (cannabis), while 29 states allow marijuana to be used for medicinal purpose. We believe favorable regulatory environment will provide further tailwind to ETST. However, the recent stance by DEA that it considers CBD as a Schedule 1 substance has created some overhang.

Strong product pipeline to fuel growth

The product pipeline remains robust with series of CBD based nutraceutical, supplements as well pharmaceutical products anticipated to be launched in 2Q17 and early 2018. The pipeline comprises three sports supplements to be launched in 2017, two CBD based pharmaceuticals drugs to be launched in 1Q/2Q18, new e-liquid and edible gummies from it’s newly formed subsidiary to be launched 3Q/2017, and three patent pending CBD based nutraceuticals to be launched by the end of the calendar year 2017.

New product launches to provide fillip to revenues

The recent launch of new flavored CBD oil (Orange Blossom), organic chocolate CBD line, and pet CBD is expected to boost revenues this year. The initial sales of organic chocolates developed in partnership with Karmavore Superfood have been selling rapidly with great excitement and feedback from store owners and customers. The sample test studies conducted by ETST point to Orange Blossom being the best tasting CBD oil available, and the company foresee it being a huge hit.

New strategic partnerships and aggressive marketing push to yield strong order flow

The strategic partnerships with Karmavore Superfood, Forzagen and Smart Medicines will help ETST to diversify product offerings and accelerate entry in new markets. ETST is aggressively spending on marketing via presence in high profile magazines (Natural Awakenings), web portals (MassRoots), and one of the tow only CBD companies recommended by the Institute of Natural Healing (INH) for cancer. We believe these initiatives will help ETST reach more users, gain major brand recognition, and build early demand for its innovative new products.

Initiate coverage with a price target of $4.12

We see ETST as a high risk and high reward play on the burgeoning legal cannabis and hemp industry, targeting the fastest growing sub segment (hemp derived CBD). The target of $4.12 assumes that the company is successful in executing its growth strategy revolving around new product launches, strategic partnerships and aggressive marketing campaigns. Key risks includes any adverse regulatory stance that could materially damage company growth prospects.

Please review important disclosures on our website at www.seethruequity.com.

About Earth Science Tech, Inc.

Earth Science Tech Inc. is a unique Biotechnology company focused on cannabinoid based nutraceuticals, pharmaceuticals and dietary supplements for use in the areas of health, wellness, sports and alternative medicine. It sells its products through its distributors, retail stores and through the Internet. The company comprises of three wholly owned subsidiaries including Cannabis Therapeutics Inc., Earth Science Pharmaceuticals Inc. and Kannabidioid Inc. For more information, visit www.earthsciencetech.com.

About SeeThruEquity

Since its founding in 2011, SeeThruEquity has been committed to its core mission: providing impactful, high quality research on underfollowed smallcap and microcap equities. SeeThruEquity has pioneered an innovative business model for equity research that is not paid for and is unbiased. SeeThruEquity is the host of acclaimed investor conferences that are the ultimate event for publicly traded companies with market capitalizations less than $1 billion.

SeeThruEquity is approved to contribute its research reports and estimates to Thomson One Analytics (First Call), the leading estimates platform on Wall Street, as well as Capital IQ and FactSet. SeeThruEquity maintains one of the industry’s most extensive databases of opt-in institutional and high net worth investors. The firm is headquartered in Midtown Manhattan in New York City.

For more information visit www.seethruequity.com.

Contact:

Ajay Tandon
SeeThruEquity
info@seethruequity.com

SOURCE: SeeThruEquity

ReleaseID: 467001

The Company’s Production of Pure Lignin Provides a Viable Opportunity to Further Reduce the Production Costs of Cellulosic Ethanol While Adding an Additional Revenue Stream

WEST PALM BEACH, FL / ACCESSWIRE / June 28, 2017 / Alliance Bio-Products, Inc. (“ABP”), a subsidiary of Alliance BioEnergy Plus, Inc. (OTCQB: ALLM), today commented on the market opportunity for its waste lignin as an additional revenue stream within biofuel production processes, as it can be used in place of aromatic compounds.

A recently published research report in BioFuels Digest highlights the value and use of electrocatalysts in the extraction of pure lignin waste during the biofuel production process. The ability to extract pure lignin – which can be used to create other products including resin, resin binders, hydrogen, and other industrial chemicals – aids in making biofuels cost-competitive by establishing new and diverse streams of revenue outside of fuel production.

To utilize all valuable components within the biofuel production process, ABP has developed its patented CTS dry mechanical process, which extracts cellulose from organic waste materials without the use of enzymes, liquid acids applied heat, pressure, or sulphur. The resulting lignin byproduct is then collected using ABP’s patented lignin recovery system, which allows for recovery of all available lignin in its pure form – and the purest form available to market.

“One of the most consistent challenges within the biofuel market has been creating a solution that is affordable, both for the producer and for the consumer,” says Daniel de Liege, Chairman of Alliance Bio-Products. “There is a tremendous value-add in being able to leverage lignin – which is often a wasted byproduct in other cellulosic ethanol production processes due to there harsh production parameters. Our CTS process ensures maximum collection of pure lignin, which allows us to explore an additional revenue stream for our Company thus bringing our per gallon cost of cellulosic ethanol down from $0.91 to around $0.75.” This represents a profit margin of $3.52 per gallon of cellulosic ethanol at today’s market price plus D3 RIN or $28,160,000 EBITDA in the first year of operations for ABP’s proposed Florida plant.

To continue to commercialization of its CTS technology for the production of cellulosic ethanol and its lignin byproduct, the Company announced a funding opportunity through a 506(c) filing to raise $10 million for the purchase of a biofuel facility in Florida. For more information on that opportunity, please visit the offering page.

For more information on Alliance Bio-Products, Inc., please visit its website.

About Alliance Bio-Products, Inc.

Alliance Bio-Products, Inc. was formed as a special purpose wholly-owned subsidiary of Alliance BioEnergy Plus, Inc. (“ALLM”) to own and operate Bioethanol plants in the United States.

Utilizing ALLM’s patented CTS process Alliance intends to retrofit existing ethanol plants with the mechnocatalytic cellulosic conversion process, transforming them into profitable renewable energy centers that are carbon neutral, waste free and protecting our delicate environment while providing energy and high value co-products. The CTS process enjoys a family of patents centered around the main U.S. patent # 8,062,428.2032.

Information in this document constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks, uncertainties and other factors are more fully discussed in the Company’s filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Alliance BioEnergy Plus, Inc herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Alliance BioEnergy Plus, Inc. disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.

Media Contact:

Kate Caruso-Sharpe
FischTank Marketing and PR
kate@fischtankpr.com

IR Contact:

Michael Porter
Matthew Abenante
Porter LeVay & Rose Inc
7 Penn Plaza
New York, NY 10001
212-564-4700

SOURCE: Alliance BioEnergy Plus, Inc.

ReleaseID: 466891

ATLANTA, GA / ACCESSWIRE / June 28, 2017 / Meridian Waste Solutions, Inc. (NASDAQ: MRDN) (“Meridian Waste” or the “Company”), a vertically integrated, non-hazardous solid waste services company, today announced the pricing of an underwritten public offering of 2,000,000 shares of common stock at a public offering price of $1.75 per share together with the issuance of warrants to purchase 500,000 shares of common stock. The warrants will have a per share exercise price of $1.90, are exercisable immediately and will expire five years from the date of issuance.

The aggregate gross proceeds to Meridian Waste from the public offering are expected to be $3,500,000 prior to deducting underwriting discounts, commissions and other estimated offering expenses. Meridian Waste has granted the underwriters a 45-day option to purchase up to an additional 300,000 shares of common stock and/or warrants to purchase 75,000 shares of common stock to cover over-allotments, if any. The offering is expected to close on June 30, 2017, subject to customary closing conditions.

Meridian Waste intends to use the net proceeds from the public offering for repayment of debt and working capital, and for other general corporate purposes.

Roth Capital Partners and Joseph Gunnar & Co., LLC are acting as joint book-running managers for the offering.

The shares and warrants are being offered by Meridian Waste Solutions, Inc. pursuant to a registration statement previously filed with and subsequently declared effective by the Securities and Exchange Commission. A prospectus supplement relating to the offering will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov. Copies of the prospectus relating to the offering may be obtained from Roth Capital Partners, LLC, 888 San Clemente, Newport Beach, California 92660, Attn: Equity Capital Markets, via telephone at (800) 678-9147 or via email at rothecm@roth.com or from Joseph Gunnar & Co., LLC, Prospectus Department, 30 Broad Street, 11th Floor, New York, NY 10004, telephone 212-440-9600, email: prospectus@jgunnar.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About Meridian Waste Solutions, Inc.:

Meridian Waste Solutions, Inc. (NASDAQ: MRDN) is a company defined by our commitment to servicing our customers with unwavering respect, fairness and care. We are focused on finding and implementing solutions to solid waste needs and challenges within the industry and for our customers. Meridian Waste’s core business is centered on residential and commercial waste collection and disposal but it also includes a fundamental objective to seek rewarding environmental solutions through innovation. Currently, the company operates in St. Louis, Missouri and Richmond, Virginia servicing over 113,000 residential, commercial, industrial and governmental customers. In addition to a fleet of commercial, residential and roll off trucks, the Company operates four transfer stations, one recycling facility and three municipal solid waste landfills.

For more information, visit www.MWSinc.com.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve certain risks and uncertainties. The actual results or outcomes of Meridian Waste Solutions, Inc. may differ materially from those anticipated. Although Meridian Waste Solutions, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any such assumptions could prove to be inaccurate. Therefore, Meridian Waste Solutions, Inc. can provide no assurance that any of the forward-looking statements contained in this press release will prove to be accurate.

In light of the significant uncertainties and risks inherent in the forward-looking statements included in this press release, such information should not be regarded as a representation by Meridian Waste Solutions, Inc. that its objectives or plans will be achieved. Included in these uncertainties and risks are, among other things, fluctuations in operating results, general economic conditions, uncertainty regarding the results of certain legal proceedings and competition. Forward-looking statements consist of statements other than a recitation of historical fact and can be identified by the use of forward-looking terminology such as “may,” “intend,” “expect,” “will,” “anticipate,” “estimate” or “continue” or the negatives thereof or other variations thereon or comparable terminology. Because they are forward-looking, such statements should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties are more fully described in Meridian Waste Solutions, Inc.’s most recent Annual and Quarterly Reports filed with the Securities and Exchange Commission, including under the heading entitled “Risk Factors.” Meridian Waste Solutions, Inc. does not undertake an obligation to update publicly any of its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Investors:

Hayden IR
IR@MWSinc.com
(917) 658-7878

SOURCE: Meridian Waste Solutions, Inc.

ReleaseID: 467000

VANCOUVER, BC / ACCESSWIRE / June 28, 2017 / Klondike Gold Corp. (TSX-V:KG) (FSE: LBDP) (“Klondike Gold” or the “Company”) has been advised of the recent acquisitions made by Frank Giustra and his related entities. Frank Giustra and his related entities will be filing on SEDAR an early warning report pursuant to the early warning requirements of applicable securities laws in Canada with respect to holdings in Klondike Gold Corp. (the “Issuer”).

Fiore Financial Corporation, a company owned and controlled by Frank Giustra purchased 135,500 shares of the Issuer. Prior to the acquisition of securities, Mr. Giustra owned directly and indirectly 9,641,664 common shares, representing 14.36% of the outstanding shares of the Issuer. As a result of the acquisition of securities described above, Mr. Giustra directly and indirectly owns in aggregate 9,777,164 common shares of the Issuer, representing 14.56% of the current issued and outstanding common shares of the Issuer.

Mr. Giustra and his related entities acquired these securities for investment purposes and as disclosed in the Early Warning Report accompanying this news release, may in the future acquire or dispose of securities of the Issuer, through the market, privately or otherwise, as circumstances or market conditions warrant

For additional information, or for a copy of the early warning report filed in respect of the above transaction, please consult www.sedar.com.

ABOUT KLONDIKE GOLD CORP.

Klondike Gold Corp. is a Canadian exploration company with offices in Vancouver, British Columbia, and Dawson City, Yukon Territory. The Company is focused on exploration and development of its Yukon gold projects, accessible by government maintained roads located on the outskirts of Dawson City, YT, covering a district-scale 527 square kilometers of hard rock and 20 square kilometers of placer claims including “McKinnon Creek” featured on the Discovery Channel show “Gold Rush”.

On behalf of Klondike Gold Corp.

“Peter Tallman”

President and CEO
(604) 609-6110
E-mail: info@klondikegoldcorp.com
Website: www.klondikegoldcorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

“This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Klondike in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Klondike’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Klondike disclaims any obligation to update or revise any forward-looking information or statements except as may be required.

SOURCE: Klondike Gold Corp.

ReleaseID: 466979

Research Desk Line-up: pdvWireless Post Earnings Coverage

LONDON, UK / ACCESSWIRE / June 28, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Cloudera, Inc. (NYSE: CLDR), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=CLDR, following the Company’s disclosure of its first quarter fiscal 2018, ended April 30, 2017 earnings results on June 08th, 2017. The provider of the leading global platform for machine learning and advanced analytics reported strong first quarter as a public company. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at: http://protraderdaily.com/register/.

Get more of our free earnings reports coverage from other constituents of the Application Software industry. Pro-TD has currently selected pdvWireless, Inc. (NASDAQ: PDVW) for due-diligence and potential coverage as the Company reported on June 06, 2017, its financial results for Q4 and fiscal year end which ended on March 31, 2017. Register for a free membership today, and be among the early birds that get access to our report on pdvWireless when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on CLDR; also brushing on PDVW. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=CLDR

http://protraderdaily.com/optin/?symbol=PDVW

Earnings Reviewed

Cloudera announced total revenue of $79.6 million for the quarter ended April 30, 2017, up 41% compared to net revenue of $56.5 million in Q1 FY17. The Company’s subscription revenue was $64.7 million for the reported quarter, contributing 81% of Cloudera’s total revenue with an increase of 59% from year ago same period. Cloudera’s revenue numbers came in ahead of analysts’ expectations of $75.8 million.

During Q1 FY18, Cloudera’s net expansion rate was 142%, mainly driven by the introduction of Cloudera Altus as its first Platform-as-a-Service. The Company’s GAAP loss from operations was $222.3 million compared to a GAAP loss from operations of $43.5 million for Q1 FY17. The Company’s non-GAAP loss from operations for the reported quarter was $30.3 million compared to a non-GAAP loss from operations of $37.0 million in the year-ago same period.

Cloudera’s GAAP net loss per share for Q1 FY18 was $5.78 per share compared to a GAAP net loss per share of $1.20 per share in Q1 FY17. The Company’s reported quarter results included a $191.1 million stock-based compensation charge as well as $0.9 million relating to the amortization of acquired intangible assets. Collectively, the impact on net loss per share was negative $4.99 per share. Cloudera’s non-GAAP net loss per share for Q1 FY18 was $0.27 per share compared to non-GAAP net loss per share of $0.33 per share in Q1 FY17. The Company’s earning loss was better than market expectations for a loss of $0.35 per share.

Important Metrics

For Q1 FY18, Cloudera’s subscription’s gross margin was 84% over 500 basis points higher than in the year ago same period, while Services’ gross margin for the reported quarter was 11% versus 29% in the prior year’s comparable quarter with a blended gross margin of 70% for Q1 FY18. Cloudera made aggressive investments through Intel funding and targeted to add new customers which resulted in increasing its customer base from 510 to 8,000 globally. The Company’s dollar-based net expansion rate was 142% for Q1 FY18.

In Q1 FY18, Cloudera invested $28 million in machine learning and the cloud, research, and development with a vision of long-term investments to address and develop the ongoing product capabilities to target markets.

Cash Flow

For Q1 FY18, Cloudera’s operating cash flow was positive $5.0 million compared to operating cash flow of negative $23.6 million in Q1 FY17, driven by strong collections and continued improvement in operating efficiencies.

Outlook

For Q2 FY18, Cloudera is forecasting revenue in the range of $85 million to $86 million, representing 32% to 33% y-o-y growth and with subscription revenue in the range of $70 million to $71 million, representing 38% to 40% y-o-y growth. The Company is expecting non-GAAP net loss per share in the range of $0.26 to $0.24 per share.

For FY18, Cloudera is estimating total revenue in the range of $345 million to $350 million, representing 32% to 34% year-over-year growth. Non-GAAP net loss per share is expected to be in the range of $1.07 to $1.04 per share and non-GAAP weighted-average shares outstanding of approximately 133 million shares.

Stock Performance

On Tuesday, June 27, 2017, Cloudera’s stock closed the trading session at $16.00, slipping 1.42% from its previous closing price of $16.23. A total volume of 721.89 thousand shares were exchanged during the session. The stock currently has a market cap of $2.14 billion.

Pro-Trader Daily:

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SOURCE: Pro-Trader Daily

ReleaseID: 466926

LONDON, UK / ACCESSWIRE / June 28, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Urstadt Biddle Properties Inc. (NYSE: UBA), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=UBA, following the Company’s reporting of its financial results for the second quarter fiscal 2017 (Q2 FY17) on June 08, 2017. The Greenwich, Connecticut-based Company’s funds from operations (FFO) and diluted EPS grew on year-over-year basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at: http://protraderdaily.com/register/.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on UBA. With the links below you can directly download the report of your stock of interest free of charge at: http://protraderdaily.com/optin/?symbol=UBA.

Earnings Reviewed

During Q2 FY17, Urstadt Biddle’s total revenues increased to $29.99 million from $29.17 million in Q2 FY16. The Company generated $21.68 million of revenues from base rents in Q2 FY17 compared to $21.50 million in the year ago corresponding period. Recoveries from tenants during Q2 FY17 were $7.15 million versus $6.49 million in the previous year’s comparable quarter. In Q2 FY17, lease termination income came in at $0.26 million compared to $0.29 million in Q2 FY16. Furthermore, other income during the reported quarter was $0.90 million compared to $0.89 million in the prior year’s same quarter.

The commercial real estate investment trust reported net income applicable to common and Class A common stockholder of $24.10 million, or $0.64 per diluted share, in Q2 FY17 compared to $4.77 million, or $0.14 per diluted share, in Q2 FY16. The Company’s FFO applicable to common and Class A common stockholder during Q2 FY17 stood at $11.20 million, or $0.30 per diluted share, compared to $10.75 million, or $0.31 per diluted share, in Q2 FY16.

Earnings Metrics

Urstadt Biddle’s total operating expense increased to $19.00 million in Q2 FY17 from $17.95 million in Q2 FY16. For Q2 FY17, the Company’s operating income was $11.00 million compared to $11.22 million in Q2 FY16. The Company’s net income for the reported quarter was $27.92 million compared to $8.56 million in the previous year’s same quarter.

As on April 30, 2017, the Company’s consolidated properties were approximately 93.1% leased, down 0.2% from 93.3% as on October 31, 2016. Overall property occupancy also decreased to 92.6% as on April 30, 2017, from 92.8% as on October 31, 2016. Furthermore, during the first six months of FY17, the Company purchased three properties totaling 88,200 square feet of GLA, invested in a joint venture that owns three properties totaling 99,400 square feet, and sold one property totaling 191,000 square feet.

Balance Sheet

During the six months ended April 30, 2017, Urstadt Biddle’s net cash flow provided by operating activities was $28.90 million compared to $26.59 million in the year ago comparable period. At the close of books on April 30, 2017, Urstadt Biddle had cash and cash equivalents balance of $15.48 million versus $7.27 million at the close of books on October 31, 2016.

Dividend and Share Repurchase

In a separate press release June 05, 2017, Urstadt Biddle’s Board of Directors declared a quarterly dividend of $0.265 for each share of Class A Common Stock and $0.235 for each share of Common Stock. The dividends are payable on July 14, 2017, to stockholders of record on June 30, 2017.

On June 09, 2017, Urstadt Biddle announced that its Board of Directors has authorized a share repurchase program of up to 2.00 million shares. The share repurchase program represents less than 5% of the Company’s total combined outstanding Common, Class A Common, and Series F and Series G Preferred Shares. Additionally, the share repurchase program will be funded with available cash and may be discontinued at any time.

Stock Performance

On Tuesday, June 27, 2017, the stock closed the trading session at $19.61, marginally rising 0.67% from its previous closing price of $19.48. A total volume of 184.08 thousand shares have exchanged hands, which was higher than the 3-month average volume of 142.79 thousand shares. Urstadt Biddle Properties’ stock price advanced 3.59% in the last one month. The stock is trading at a PE ratio of 19.00 and has a dividend yield of 5.41%. At Tuesday’s closing price, the stock’s net capitalization stands at $748.91 million.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

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