VANCOUVER, BC / ACCESSWIRE / April 29, 2020 / Northern Dynasty Minerals Ltd. (TSX:NDM) (NYSE American:NAK) ("Northern Dynasty" or the "Company") is pleased to announce that further to its previously announced over-night marketed public offering (the "Offering") of common shares of the Company (the "Offered Shares"), it has entered into an underwriting agreement with a syndicate of underwriters led by Cantor Fitzgerald Canada Corporation ("CFCC"), as sole bookrunner, and including BMO Nesbitt Burns Inc., H.C. Wainwright & Co., LLC and TD Securities Inc. (collectively with CFCC, the "Underwriters") to sell 12,500,000 Offered Shares at a price to the public of $0.70 per Offered Share (the "Offering Price") for gross proceeds of $8.75 million. The Company has granted to the Underwriters an option (the "Over-Allotment Option"), exercisable in whole or in part, in the sole discretion of the Underwriters, for a period of 30 days from and including the closing of the Offering, to purchase up to an additional 1,875,000 Offered Shares at the Offering Price. If the Over-Allotment Option is exercised in full, the total gross proceeds to the Company will be approximately $10.1 million.

The Company will pay the Underwriters a cash commission equal to 5.0% of the gross proceeds of the Offering, including proceeds received from the exercise of the Over-Allotment Option, at the closing of the Offering.

The Offered Shares are being offered by way of a short form prospectus in all provinces in Canada, except Quebec, and will be offered in the United States pursuant to a prospectus filed as part of a registration statement under the Canada/U.S. multi-jurisdictional disclosure system. A registration statement on Form F-10 relating to the Offered Shares has been filed with the United States Securities and Exchange Commission but has not yet become effective. The Offered Shares may not be sold nor may offers to buy be accepted in the United States prior to the time the registration statement becomes effective.

The Offering is expected to close on or about May 12, 2020 and will be subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange (the "TSX") and the NYSE American stock exchange. Anticipated uses of the proceeds of the Offering are (i) operational expenditures, including engineering, environmental, permitting and evaluation expenses associated with the Pebble Project, (ii) enhanced outreach and engagement with political and regulatory offices in the Alaska state and U.S. federal government, Alaska Native partners and broader regional and state-wide stakeholder groups, and (iii) for general corporate purposes.

In addition to the Offering, Northern Dynasty is proposing to undertake a non-brokered private placement of common shares of the Company at the same price as the common shares are sold in the Offering, for gross proceeds to the Company of up to $7.0 million (the "Concurrent Private Placement"). No commission or finder's fee will be payable to the Underwriters in connection with the Concurrent Private Placement. Common shares issued pursuant to the Concurrent Private Placement will be subject to applicable resale restrictions, including a four month hold period under Canadian securities legislation. Closing of the Concurrent Private Placement is subject to the approval of the TSX and the NYSE American stock exchange. Closing of Offering is not conditional upon the closing of the Concurrent Private Placement and closing of the Concurrent Private Placement is not conditional on the closing of the Offering.

The preliminary short form prospectus is available on SEDAR at www.sedar.com. The registration statement on Form F-10, including the U.S. form of the preliminary short form prospectus, is available on the SEC's website at www.sec.gov. Alternatively, a written prospectus relating to the Offering may be obtained upon request by contacting the Company or Cantor Fitzgerald Canada Corporation in Canada, attention: Equity Capital Markets, 181 University Avenue, Suite 1500, Toronto, ON, M5H 3M7, email: ecmcanada@cantor.com; Cantor Fitzgerald & Co. in the United States, Attention: Equity Capital Markets, 499 Park Avenue, 6th Floor, New York, NY, 10022 or by email at prospectus@cantor.com.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Offered Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. The Offered Shares have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon by the accuracy or adequacy of the prospectus or the registration statement.

About Northern Dynasty Minerals Ltd.

Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty's principal asset, owned through its wholly owned, Alaska-based U.S. subsidiary, the Pebble Partnership, is a 100% interest in a contiguous block of 2,402 mineral claims in southwest Alaska, including the Pebble deposit. The Pebble Partnership is the proponent of the Pebble Project, an initiative to develop one of the world's most important mineral resources.

Ronald W. Thiessen
President & CEO

US Media Contact:

Dan Gagnier
Gagnier Communications
(646) 569-5897

Forward Looking Information and other Cautionary Factors

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively referred to as "forward-looking information"). The use of any of the words "expect", "plan", "update" and similar expressions are intended to identify forward-looking information or statements. These statements include expectations about the likelihood of completion of the Offering or the Concurrent Private Placement, the amount of funds to be raised, the use of proceeds of the Offering and the Concurrent Private Placement, the anticipated closing of the Offering and the Concurrent Private Placement, the finalization of the Environmental Impact Statement ("EIS") by the U.S. Army Corps of Engineers ("USACE"), the impact of the COVID-19 pandemic on the Company's operations and the timing of finalization of the EIS by the USACE, the ability of the Company to proceed with permit applications for the development of the Pebble Project, and the ability of the Company to obtain the necessary federal and state permits for the development of the Pebble Project. Although the Company believes the expectations expressed in its forward-looking statements are based on reasonable assumptions, such statements are subject to future events and third party discretion such as regulatory personnel. For more information on the Company, and the risks and uncertainties connected with its business, Investors should review the Company's home jurisdiction filings at www.sedar.com and its filings with the United States Securities and Exchange Commission at www.sec.gov.

SOURCE: Northern Dynasty Minerals Ltd.

ReleaseID: 587563

NEW YORK, NY / ACCESSWIRE / April 29, 2020 / Labaton Sucharow LLP, a leading and award winning investor rights law firm, announces a securities class action complaint has been filed on behalf of purchasers of GSX Techedu Inc (NYSE:GSX) securities resulting from allegations that GSX may have issued materially misleading business information to the investing public.

GSX Techedu Inc. is a technology-driven education company, and provides online K-12 after-school tutoring services in the People's Republic of China. Its K-12 after-school tutoring courses cover various K-12 academic subjects, including mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science. The company also provides English courses for children in kindergarten; and courses that help children in grade one through grade seven.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) GSX overstated its profitability, revenue, student enrollment figures, teacher qualifications, and teacher selection process; (ii) the foregoing, once revealed, was foreseeably likely to have a material negative impact on the Company's financial results; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

On February 25, 2020, Grizzly Research LLC ("Grizzly") published a report highlighting multiple alleged issues with GSX's business and financial operations (the "Grizzly Report"). Specifically, the Grizzly Report alleged, among other issues, that the Company "has been drastically overstating its profitability in its US public filings, especially for 2018"; Grizzly "found multiple strong indications of past and current order ‘brushing,'" which are "essentially fake student enrollments to boost student count"; "many of GSX's reported students do not actually exist"; and "[w]hile [GSX] touts its high-quality teacher recruitment mechanism, [Grizzly] found a sign-up website that was not functional, multiple allegations of GSX hiring teachers right out of college with no prior experience, and fabricated teachers profiles."

Following publication of the Grizzly Report, GSX's ADS price fell $1.33 per share, or 2.93%, to close at $44.09 per share on February 25, 2020.

Then, on April 14, 2020, Citron Research ("Citron") published a report highlighting additional alleged issues with GSX's business and financial operations (the "Citron Report"), including, among other issues, that the Company's "2019 revenue was overstated by 70%," that "sales revenues are largely exaggerated," and that the Company's "filings are riddled with suspicious transactions."

Following publication of the Citron Report, GSX's ADS price fell $0.20 per share, or 0.64%, to close at $31.20 per share on April 14, 2020-a total decline of 31.31% since the truth concerning GSX's alleged fraud began to emerge.

If you are a ADS, option or derivative holder that suffered losses in GSX, and wish to participate, learn more, or discuss the issues surrounding the investigation, please contact David J. Schwartz using the toll free number (800) 321-0476 or via email at recover@labaton.com.

About the Firm

Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at www.labaton.com.

Contact:

David J. Schwartz
(800) 321-0476
dschwartz@labaton.com or recover@labaton.com

SOURCE: Labaton Sucharow LLP

ReleaseID: 587559

CALGARY, AB / ACCESSWIRE / April 29, 2020 / Perisson Petroleum Corp. (TSXV:POG) (the "Company") would like to provide an update on COVID-19 matters and the status of the filing of annual and interim financial statements, accompanying management discussion and analysis and related CEO and CFO certifications.

The COVID-19 pandemic is creating unprecedented challenges to the global economy and stock markets. The Company's Board of Directors and Management are taking all necessary precautions to ensure the health of its employees and best manage the short-term challenges to the business.

On March 18, 2020, the Canadian Securities Administrators ("CSA") issued a notice stating that securities regulators will be providing coordinated relief consisting of a 45-day extension for certain periodic filings required to be made on or prior to June 1, 2020 as a result of the COVID-19 pandemic. As such the Alberta Securities Commission ("ASC") has enacted Blanket Order 51-517 – Temporary Exemption from Certain Corporate Finance Requirements ("ASC 51-517"). The Company will be relying on this extension period due to delays experienced as result of the COVID-19 pandemic.

The Company will be relying on the temporary exemption pursuant to ASC 51-517 in respect to the following provisions.

the requirement to file audited financial statements for the year ended December 31, 2019 (the "Annual Financial Statements") within 120 days of the Company's financial year end as required by section 4.2(b) of NI 51-102;
the requirement to file interim financial statements for the three month period ended March 31, 2020 (the "Interim Financial Statements") within 60 days of the Company's first quarter as required by section 4.4(b) of NI 51-102
the requirement to file management discussion and analysis (the "Annual MD&A") for the period covered by the Annual Financial Statements within 120 days of the Company's financial year end as required by section 5.1(2) of NI 51-102;
the requirement to file management discussion and analysis (the "Interim MD&A") for the period covered by the Interim Financial Statements within 60 days of the Company's first quarter as required by section 5.1(2) of NI 51-102;
the requirement to file certifications of the Annual Financial Statements (the "Certificates" and together with the Annual Financial Statements, the "Annual Filings") pursuant to section 4.1 of National Instrument 52-109; and
the requirement to file certifications of the Interim Financial Statements (the "Certificates" and together with the Interim Financial Statements, the "Interim Filings") pursuant to section 5.1 of National Instrument 52-109.

The Company confirms that since the filing of its interim consolidated financial statements for the period ended September 30, 2019, there have been no material business developments other than those disclosed through Company press releases.

The Company is continuing to work diligently and expeditiously with its auditors to file the Annual Filings and Interim Filings together on or before June 14, 2020. In the interim, management and other insiders of the Company are subject to a trading black-out policy as described, in principle, in section 9 of National Policy 11-207 – Failure to File Cease Trade Orders and Revocations in Multiple Jurisdictions.

About Perisson Petroleum Corporation

Perisson Petroleum Corporation is listed on the TSX Venture Exchange and trades under the symbol "POG." The Corporation has ownership in certain oil and gas producing properties in the Twining and Wainwright areas of Alberta, Canada. The Company also holds a 100% working interest in the VMM-17 block, a license located in the prolific, stable, oil-producing region of the Middle Magdalena Basin in central Colombia.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Wayne Rousch, President
Direct Line: (403) 827-8597
wrousch@perisson.com

FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements relating to the timing and completion of the future operations of Perisson and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the proposed Acquisition and the future plans and objectives of Perisson, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Perisson's expectations are risks detailed from time to time in the filings made by Perisson with securities regulations.

This news release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

Trading in the securities of Perisson Petroleum Corporation should be considered highly speculative. 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.

SOURCE: Perisson Petroleum Corp.

ReleaseID: 587562

ROCKVILLE, MD / ACCESSWIRE / April 29, 2020 / The global hair fixative polymers market is anticipated to exhibit a steady CAGR of 4% during the forecast period (2019-2027), according to a market study by Fact.MR. Factors predominantly fueling the growth are the increasing emphasis on highly efficient green manufacturing, high investment capability, and increasing adoption of premium ingredients in hair styling products.

Additionally, increasing research & development activities on conditioning polymers are enabling players to expand their product portfolio. Furthermore, preference towards hair styling products among millennials is bolstering the market growth. However, the unforeseen outbreak of COVID-19 is playing an adversary to the market growth.

As a result of the pandemic, consumer preferences are changing with essential commodities occupying the priority spot. Moreover, the travel restrictions and lockdowns imposed by numerous national governments are disrupting supply chains and causing difficulties for trading activities. As a result of all these factors, the hair fixative polymers market will witness a downtrend through the pandemic.

Request Sample of hair fixative polymers market report-

https://www.factmr.com/connectus/sample?flag=S&rep_id=4668

Segmental Highlights

Non-ionic polymers are expected to remain the most sought-out product type, and will witness high demand owing to their health benefits in numerous hair care products. Furthermore, the polymers find extensive applications in the production of hair gel, hair spray, and hair mousse products.

Synthetic hair fixative polymers segment, which currently reigns supremacy with over 95% of demand, the segment expected to shrink in market value by the end of the forecast period as natural hair fixative polymers gain traction among end-users, backed by their benefits.

North America and Europe remain the leading regional market for hair fixative polymers owing to high purchasing power and a large consumer base for premium hair styling products.

Asia Pacific is projected to exhibit significant growth on the back of increasing the purchasing power of consumers in the region's emerging economies. However, the growth may witness hindrance owing to changing consumer preferences.

Browse complete report with TOC and figures- https://www.factmr.com/report/4668/hair-fixative-polymers-market

Analyst's Viewpoint

"Prominent players in the market are gradually shifting towards natural and organic hair fixative polymers owing to environment-friendly operations. Moreover, the rising demand for organic and natural ingredients among consumers in the recent past is resulting in stagnant demand for synthetic hair fixative polymers across North America, Europe, and Japan. However, the outbreak of COVID-19 is posing a major challenge to the market growth in the form of changing consumer demand", says the Fact.MR analyst.

Coverage:

Product type: Non-ionic polymer, cationic polymer, anionic polymer, and amphoteric polymer

Nature: Natural and synthetic

Application: hair wax, hair mousse, hair gel, hair spray and hair creams

Regions: North America, Europe, Latin America, Asia Pacific, and Middle East & Africa

Explore Fact.MR's Comprehensive Coverage on Retail & Consumer Goods Landscape

Deodorant Wipes Market– Learn more about the key influencing factors affecting the deodorant Wipes market poised for robust growth during the projection period (2020-2030).

Fuel Card Market– Acquire comprehensive knowledge about the global fuel card market through Fact.MR's detailed report covering niche segments, market dynamics, recent industry developments and prominent market players for the forecast period of 2020-2030.

Cosmetic Wipes Market– Obtain Fact.MR's comprehensive analysis on the global cosmetic wipes market spanning dynamic market factors, key trends and successful strategies of market leaders projected for 2019-2029.

About Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the veteran research team at Fact.MR helps clients from across the globe with their unique business intelligence requirements. With a repository of over thousand reports and 1 million+ data points, the team has scrutinized the retail & consumer goods sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Fact.MR's latest market reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.

Contact:

Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
PR- https://www.factmr.com/media-release/1421/global-hair-fixative-polymers-market

SOURCE: Fact.MR

ReleaseID: 580417

MONTRÉAL, CA / ACCESSWIRE / Avril 29, 2020 / Pour ceux qui restent à la maison durant la pandémie de COVID-19, Ezra Cohen Montréal, un fabricant en ligne d'une gamme de beurres de noix, vous offre de nombreuses ressources pour des recettes saines et créatives.

Ezra Cohen Montréal est une entreprise de beurre de noix dont la mission est de rendre plus accessible l'alimentation saine. En combinant ses passions pour les affaires, la santé et la nourriture, Ezra Cohen a aidé à fonder une marque permettant de maintenir un régime nutritif, moins orienté sur le sacrifice et plus sur des choix intelligents. Et avec les mesures de mise en quarantaine liées au COVID-19 qui exigent que des personnes à travers le monde entier s'abritent chez eux, l'équipe d'Ezra Cohen Montréal a accumulé une longue liste de recettes soucieuses de la santé, dans le but d'aider à tirer le meilleur parti des aliments.

Rester chez soi en ce moment est crucial, et pas seulement pour ceux qui appartiennent à des groupes à haut risque. En s'isolant des personnes qui ne font pas partie de son foyer immédiat, chacun peut faire sa part pour arrêter la propagation du COVID-19 et aider à alléger le fardeau des systèmes de santé. Dans le but d'aider les gens à trouver des moyens de préparer des aliments sains pendant leur séquestration, le personnel d'Ezra Cohen partage une richesse de connaissances.

Ezra Cohen Montréal offre une variété de recettes saines en ligne, avec des idées créatives que des familles dans leur intégralité apprécieront pour des repas, des grignotines et desserts. Toutes leurs recettes sont soigneusement élaborées en tenant compte des restrictions en matière d'alimentation saine et diététique, incluant une sélection grandissante de recettes végétaliennes et sans produits laitiers. Bien que toutes les recettes comprennent des beurres de noix Ezra Cohen Montréal, bon nombre d'entre eux peuvent être remplacés par d'autres substituts, si nécessaire. Parmi les recettes récentes, on retrouve un gâteau au fromage végétalien au beurre de cajou, une vinaigrette au beurre d'amande à l'ail et au citron vert, et une trempette riche et crémeuse au beurre d'amande et aux betteraves.

Les lecteurs intéressés peuvent visiter le blog de recettes pour des inspirations de repas sains, puis jeter un coup d'œil à la gamme de produits pour des beurres de noix innovants et nutritifs, qui proposent un moyen rapide et délicieux pour atteindre et maintenir leurs objectifs en matière d'alimentation saine.

Contact:

Ezra Cohen Montréal
Envoyer un message

SOURCE: Ezra Cohen Montreal

ReleaseID: 587372

Pet CBD+CBDA company ElleVet tested nearly 30 common hemp CBD products for pets, and found that more than half of them were misleading about their product's concentration of CBD.

PORTLAND, MA / ACCESSWIRE / April 29, 2020 / ElleVet Sciences, the leading science-focused pet CBD+CBDA company, together with Cornell University College of Veterinary Medicine Professor Dr. Joe Wakshlag and ProVerde Laboratories, has published a paper in the Journal, Veterinary Medicine: Research and Report analyzing 29 common hemp CBD products for pets.

According to the report, only 10 of the 29 products tested were within 10 percent of the CBD concentration stated on their label. Heavy metal contamination was found in four out of 29 products, and only 18 products were labeled accurately and in accordance with FDA supplement guidelines. Fortunately, none of the products went over the legal limit for THC.

"There are many companies out there trying to jump on the CBD bandwagon, but the reality is that their products may not help your dog at all," Wakshlag said. "Consumers deserve to know that what they are getting is right for their dog, what is actually in the product, and if the dosing is appropriate and safe for their pets."

ElleVet Sciences was the first company to conduct a successful clinical trial on dogs with osteoarthritis using its Mobility CBD+CBDA product. As the second product study conducted by ElleVet, the Hemp Product Analysis builds on the organization's growing body of research and reinforces its position as the leading science-backed pet CBD company.

"Pet owners often believe they are getting a good price and a good product, but unfortunately they are not getting either," said ElleVet CEO Christian Kjaer. "The labeling on hemp products for pets can be confusing, and in some cases very misleading. At ElleVet, we want to create a standard for dosing, and provide accurate information for pet owners so they can choose a high-quality product for their animal."

About ElleVet Sciences

ElleVet Sciences is a science-focused pet CBD+CBDA company, offering cannabinoid and terpene oil blend solutions developed and refined through lab-testing, data, research and clinical studies, including 5 current clinical trials. ElleVet Sciences was co-founded by Christian Kjaer and Amanda Howland in 2016 to elevate the lives of animals and their owners by developing safe, effective hemp CBD+CBDA. The ElleVet team's combined backgrounds in science, medicine, business and veterinary medicine reflects a dedication to animals through research and innovation. For more information, visit www.ellevetsciences.com.

MEDIA CONTACT:
Katie Davis (on behalf of ElleVet Sciences)
katie@largemouthpr.com
(919) 418-6272

SOURCE: ElleVet Sciences

ReleaseID: 587426

Prominent players in the building information modeling market are pushing for strategic acquisitions and product development activities, aimed towards accuracy and reliability of data

ROCKVILLE, MD / ACCESSWIRE / April 29, 2020 / The building information modeling industry is projected to grow at a staggering 12% CAGR through the end of 2027. The high demand for faster completion times in construction projects is a primary contributor to revenue in the industry. The demand is also supported by the use of cutting edge CAD and 3D modeling technology, which will continue to aid the growth of the building information modeling market. The growth of the market in the near future can be widely be attributed to improvements in data exchange and mandatory government policies, reveals Fact.MR in its new study.

"Implementation in multiple verticals, computer models, and new product developments have been introduced. Applications in commercial buildings, is leading the building information modeling market," says the Fact.MR report.

Request PDF Sample of the 170-page report on the building information modeling market-

https://www.factmr.com/connectus/sample?flag=S&rep_id=4658

Building Information Modeling Market – Key Takeaways

Commercial buildings applications hold lead position for building information modeling solutions.
The civil infrastructure segments will display high growth in revenue on account for building information modeling software.
The software segment is projected to hold lead position, while services account for a higher CAGR.
On-premise deployment will display high levels of competitiveness in technology.
The Asia Pacific and North American building information modeling markets are anticipated to display high growth through 2027, of which North America accounts for 40% of the global revenue.

Building Information Modeling Market – Key Driving Factors

The wide spread and rapid increase of construction activities around the world is driving the demand for building information modeling.
Mandatory regulations set up by governments towards the use of building information modelling contributes to the growth of global market.
The applications in public and private space projects is increasing proliferation of building information modeling, bolstering growth.
Transition away from conventional approaches involving 3D Max, AutoCAD, and CATIA is propelling the building information modeling market.

Explore 88 tables and 106 figures in the study. Request TOC of the report at-

https://www.factmr.com/report/4658/building-information-modeling-market

Building Information Modeling Market – Key Constraints

Issues with control, design errors, and inaccuracies in costs are continued challenges being faced by developers.

Anticipated Impact of Covid-19 Outbreak

As the covid-19 virus spreads, construction projects are likely to face substantial restraints owing to the measures imposed by governments in countries across the globe. Major disruptions in supply chains, owing to shortages and lack of production is expected to continue in the months ahead. This in turn is likely to reduce building information modelling applications to an extent.

However, losses are likely to be substantially mitigated, owing to computer-based nature of products and services, strong network infrastructure, and rising levels of cloud-based deployment. These factors are likely to sustain the global demand for building information modeling solutions and services, which will pick up pace once again following the decline of the pandemic.

Competition Landscape

The global building information modeling market is highly fragmented. The leading players profiled in the report include, but are not limited to RIB Software SE, Autodesk Inc., Trimble Inc., Nemetschek Group, and Bentley Systems. Market leaders are investing in strategic mergers and acquisitions. Manufacturers are channeling their efforts towards the development of products innovations for specific application modules, as indicated by the Fact.MR report.

About the Report

This 170-page study offers readers a comprehensive market forecast of the building information modeling market. Global, regional and country level analysis of the latest industry trends impacting the building information modeling market are covered in this Fact.MR study. The report offers compelling insights on the building information modeling market on the basis of type (software and services), application (building, oil & gas, civil infrastructure, and industrial), and end user (AEC, contractors, and facility managers) across five regions (Middle East and Africa, Asia Pacific, Europe, Latin America, North America).

Explore Fact.MR's Comprehensive Coverage on ICT Landscape

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About Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the veteran research team at Fact.MR helps clients from across the globe with their unique business intelligence requirements. With a repository of over thousand reports and 1 million+ data points, the team has scrutinized the ICT sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Fact.MR's latest ICT market reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.

Contact:

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Suite 400
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United States
Email: sales@factmr.com
Web: https://www.factmr.com/
PR- https://www.factmr.com/media-release/1416/global-building-information-modeling-market

SOURCE: FactMR

ReleaseID: 587556

-Revenue Grows 35% Year on Year-

TORONTO, ON / ACCESSWIRE / April 29, 2020 / Kontrol Energy Corp. (CSE:KNR)(OTCQB:KNRLF)(FSE:1K8) ("Kontrol" or "Company") a leader in the energy efficiency sector through IoT, Cloud and SaaS technology announces its financial results for the fiscal year ended December 31, 2019.

A complete set of Financial Statements and Management's Discussion & Analysis will be filed on SEDAR (www.sedar.com) on April 29th, 2020. A call to discuss the financial results has been scheduled for Wednesday, April 29th, 2020 at 4:40 PM (EST). See details below.

Highlights

Revenue for the year ended December 31, 2019 was $14.6 million, up 35% over the prior year
Strong organic growth
Adjusted EBITDA for the for year ended December 31, 2019 was $525,121 an improvement of $692,693 over the 2018 negative Adjusted EBITDA of ($167,572)
Kontrol Energy was selected to the Startup 50 ranking for the second year in a row
Kontrol Energy received certification of its new SmartSuite® energy technology for the commercial, multi-residential, hospitality and industrial building market
Kontrol Energy completed pilot of its process analyzer equipment and secured an initial order with global leading plant-based meat substitute company
Kontrol Energy received its first Smart Factory order from Toyota Tsusho Canada for deployment of IoT enabled energy monitoring and plant upgrade program
Convertible debenture offering raised gross proceeds in excess of $1 million
The Company refinanced a secured debt facility which resulted in additional Company funding

"Fiscal year 2019 was another strong year of sales growth as we continue to deliver solutions to an impressive customer base including large established industrials to leading property managers and building owners," said Paul Ghezzi CEO of Kontrol Energy. "Kontrol's focus for 2020 is to continue its strategic growth and expand its portfolio of connected buildings and to accelerate revenues through software as a service (SaaS), Internet of Things (IoT) devices and smart building automation."

2019 Financial Highlights

 
Three months ended
 
 
For the years ended December 31
 

Financial Results

 
Dec 31, 2019
 
 
Dec 31, 2018
 
 
2019
 
 
2018
 
 
2017
 

Revenue

 
$
3,701,750
 
 
$
4,095,070
 
 
$
14,558,567
 
 
$
10,727,301
 
 
$
6,888,265
 

Gross profit

 
$
1,595,670
 
 
$
1,960,103
 
 
$
7,060,679
 
 
$
6,419,819
 
 
$
4,617,426
 

Net loss

 
$
(721,206
)
 
$
(451,495
)
 
$
(2,689,859
)
 
$
(2,226,167
)
 
$
(1,310,765
)

Basic and Diluted EPS

 
$
(0.02
)
 
$
(0.02
)
 
$
(0.09
)
 
$
(0.08
)
 
$
(0.06
)

 
Add for adjusted EBITDA reconciliation:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Amortization & depreciation

 
$
321,872
 
 
$
447,619
 
 
$
1,677,558
 
 
$
1,176,385
 
 
$
626,390
 

Finance expense

 
$
235,016
 
 
$
230,288
 
 
$
1,014,294
 
 
$
606,878
 
 
$
575,401
 

Share based compensation

 
$
183,275
 
 
$
73,191
 
 
$
645,851
 
 
$
282,000
 
 
$
188,000
 

Acquisition related expenses

 
$
0
 
 
$
27,779
 
 
$
78,377
 
 
$
120,029
 
 
$
32,342
 

Deferred taxes recovery

 
$
(201,100
)
 
$
(126,697
)
 
$
(201,100
)
 
$
(126,697
)
 
$
(80,964
)

Adjusted EBITDA*

 
$
(182,143
)
 
$
200,685
 
 
$
525,121
 
 
$
(167,572
)
 
$
30,404
 

For the year ended December 31, 2019, revenue increased by 35% to $14,558,567 compared to $10,727,301 in 2018. Revenue for the three months ended December 31, 2019 was $3,701,750 a decrease of $393,320 over the comparative quarter in the prior year due to timing of projects delivered.

For the year ended December 31, 2019 a full year of activity was recognized in connection with the two acquisitions made in the 2018 fiscal year. These accretive acquisitions, plus strong organic growth, have contributed to the overall increase in revenue year-over-year.

Gross margin for the year ended December 31, 2019 was 48.5% compared to 60% for the prior year. The gross margin is in line with management's expectations and reflects the adjusted mix of revenue and cost of sales under a growing organization with changing product and service offerings. Management is pleased with gross profit levels; contributions have come from all business activities.

For the year ended December 31, 2019, Adjusted EBITDA improved significantly to $525,121 compared to negative $(167,572) in the prior year.

Fiscal year 2019 Adjusted EBITDA improvement in part is attributable to organic growth in our energy retrofit and SaaS activities, and contribution coming from accretive acquisitions. Total operating expenses (excluding share-based compensation) for the year ended December 31, 2019 was $7,624,435 or 52% of revenue and that compares to a ratio of 67% in 2018.

Cash flows used in operating activities was $214,003 for the year ended December 31, 2019. For the year ended December 31, 2018, cash flows used in operating activities was $1,012,510. This is a positive change of $798,507 and reflects strong working capital management and improved operational performance. This positive change is also due to the application of IFRS 16, which requires the recognition of lease contracts on a lessee's statement of financial position as a lease liability and a right-of-use asset.

Current liabilities as at December 31, 2019 include debentures of $5,491,000. Management's intention is to re-finance the current obligations at the appropriate time and subject to market conditions which may be impacted by the COVID 19 crisis. Management has a track record of successfully re-financing obligations as they come due and in 2019 management did extend the current debenture obligations for one year.

* Adjusted EBITDA is a non-IRFS financial measure. The Company defines Adjusted EBITDA as net income or loss before interest, income taxes, amortization and depreciation, share based compensation, and acquisition related expenses.

Zoom Call Details

Wednesday, April 29, 2020 at 4:40 PM (EST)

Telephone Number: +1 (438) 809-7799

Meeting ID: 973 8260 9815

Find your local number (if needed): https://zoom.us/u/aSe6zvm7h

About Kontrol Energy

Kontrol Energy Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8) is a leader in the energy efficiency sector through IoT, Cloud and SaaS technology. With a disciplined mergers and acquisition strategy, combined with organic growth, Kontrol Energy Corp. provides market-based energy solutions to our customers designed to reduce their overall cost of energy while providing a corresponding reduction in greenhouse gas (GHG) emissions.

Kontrol Energy is one of Canada's fastest growing companies in 2018 and 2019 as ranked by Canadian Business and Maclean's.

Additional information about Kontrol Energy Corp. can be found on its website at www.kontrolenergy.com and by reviewing its profile on SEDAR at www.sedar.com

For further information, contact:

Paul Ghezzi, Chief Executive Officer
paul@kontrolenergy.com or admin@kontrolenergy.com
Kontrol Energy Corp.
180 Jardin Drive, Unit 9, Vaughan, ON L4K 1X8
Tel: 905.766.0400, Toll free: 1.844.566.8123

Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

Certain information included in this press release, including information relating to future financial or operating performance and other statements that express the expectations of management or estimates of future performance constitute "forward-looking statements". Such forward-looking statements include, without limitation, statements regarding possible future acquisitions and/or investments in operating businesses and/or technologies, accelerated organic growth, Adjusted EBITDA, expansion of smart energy technologies into US markets, strategic partnerships to expand into North American Markets, acceleration of recurring SaaS revenues, the provision of solutions to customers and Greenhouse Gas emissions reductions, proposed financial savings and sustainable energy benefits and energy monitoring. Subsequent to year-end, there was a global outbreak of COVID-19 (coronavirus), which has had a significant impact on businesses through the restrictions put in place by the Canadian, provincial and municipal governments regarding travel, business operations and isolation/quarantine orders. At this time, it is unknown the extent of the impact the COVID-19 outbreak may have on the Company as this will depend on future developments that are highly uncertain and that cannot be predicted with confidence. These uncertainties arise from the inability to predict the ultimate geographic spread of the disease, and the duration of the outbreak, including the duration of travel restrictions, business closures or disruptions, and quarantine/isolation measures that are currently, or may be put, in place by Canada and other countries to fight the virus. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief are based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that suitable businesses and technologies for acquisition and/or investment will be available, that such acquisitions and or investment transactions will be concluded, that sufficient capital will be available to the Company, that technology will be as effective as anticipated, that organic growth will occur, and others. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, lack of acquisition and investment opportunities or that such opportunities may not be concluded on reasonable terms, or at all, that sufficient capital and financing cannot be obtained on reasonable terms, or at all, that technologies will not prove as effective as expected that customers and potential customers will not be as accepting of the Company's product and service offering as expected, and government and regulatory factors impacting the energy conservation industry. Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and the Company does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise, except as required under applicable securities law.

SOURCE: Kontrol Energy Corp.

ReleaseID: 587538

PHOENIX, AZ / ACCESSWIRE / April 29, 2020 / Item 9 Labs Corp. (OTC PINK:INLB) ("Item 9 Labs" or the "Company"), a vertically integrated multi-state cannabis operator producing best-in-class products, announced today product demand & revenue growth surpassing projections despite the ongoing COVID-19 pandemic.

Item 9 Labs has seen a 43% sales increase in 2020 compared year-over-year to January through March 2019. March 2020 brought a 117% sales increase compared to March 2019 – with the entire Arizona Medical Marijuana Program reporting a 32% year-over-year increase in total product sold.

In the weeks before Arizona Governor Doug Ducey issued two stay-at-home orders on March 23 and 30, Item 9 Labs' cannabis sales were up 65% over March 2019, with the state shipping 15% more product than February 2020.

"We are proud to be a source of comfort and healing for the many patients relying on us," says Bryce Skalla, Item 9 Labs president. "Our increase in production efficiencies, education-focused sales, and marketing efforts will help us meet growing market demands for years to come."

This is not the first time cannabis has been deemed essential, though the first time it has legally been declared so, during uncertain times – most specifically during the AIDS epidemic in the 1980s when underground bakeries supplied patients with edibles to help treat HIV symptoms and treatment side effects.

While cannabis is not a treatment for COVID-19, it can help cope with mental and physical stress related to drastic life changes brought upon by stay-at-home orders as the country's workers shift to remote work or have lost their jobs.

Bloomberg reports cannabis spikes across the country, with a Cowen & Co survey of 2500 consumers revealing 33% of respondents have tried cannabis, up from 12.8% the previous month and 12.5% in 2019. In Oregon, cannabis sales jumped 30% year-over-year from March 2019 – including a 65% increase in the middle of March as stay-at-home orders were first rumored to be coming.

"We're doing everything we can to help our patients get the medicine they need right now," says Andrew Bowden, Item 9 Labs CEO. "We're especially proud of our cultivation and delivery teams, who've been able to keep up with increased demand no one could have expected."

Item 9 Labs continues to follow strict sanitization procedures at their cultivation site and during deliveries, producing digital content across a wide variety of channels, and working with dispensaries, local businesses, and blood banks to help those who need a little help get what they need.

About Item 9 Labs Corp:

Item 9 Labs Corp. (OTC PINK:INLB) is a vertically integrated multi-state cannabis operator headquartered in Arizona. The Company creates best-in-class products and canna-business solutions designed to help people become the best versions of themselves. With an award-winning CPG brand and nationally recognized application team, Item 9 Labs improves the cannabis experience while providing transparency, consistency, and well-being for those relying on them. For additional information, please visit: https://www.item9labscorp.com

Forward-Looking Statement:

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, including, but not limited to, risks and effects of legal and administrative proceedings and governmental regulation, especially in a foreign country, future financial and operational results, competition, general economic conditions, proposed transactions that are not legally binding obligations of the company and the ability to manage and continue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include the introduction of new technology, market conditions and those set forth in reports or documents we file from time to time with the SEC. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Media Contact:

Item 9 Labs
Kyle Jennings, VP of Marketing
Phone: (518) 265-9217
Email: Kyle@item9labs.com

Investor Contact:

Hayden IR
Brett Mass, Managing Partner
Phone: (646) 536-7331
Email: INLB@haydenir.com

SOURCE: Item 9 Labs Corp.

ReleaseID: 587525