Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Orbital Infrastructure Group, Inc. Announces Sale of Orbital Gas Systems N.A. to Mangan, Inc.
Orbital Infrastructure Group logo (PRNewsfoto/Orbital Infrastructure Group, Inc.)
News provided by
Orbital Infrastructure Group, Inc.
Aug 16, 2022, 12:00 ET
HOUSTON, Aug. 16, 2022 /PRNewswire/ -- Orbital Infrastructure Group, Inc. (NASDAQ: OIG) ("Orbital") and Mangan, Inc. ("Mangan") today announced that they have entered into an asset purchase agreement (the "Agreement") under which Orbital will sell its Houston, Texas gas business, Orbital Gas Systems North America Inc. ("Orbital NA") to Mangan.
Effective immediately, Mangan will assume operations of Orbital's North American gas business. Under the terms of the agreement, OIG will maintain ownership and control of its proprietary VE Technology and related products.
"This transaction is the final step in Orbital Infrastructure Group's transformation into a diversified infrastructure services company as we move forward with an aggressive and disciplined strategy to tap into the increasing secular demand trends across the electric power, telecommunications, and renewable industries," said Jim O'Neil, Vice Chairman and CEO of Orbital. "I want to thank the employees of Orbital Gas Systems NA for their past service to OIG and congratulate Mangan for completing this compelling, strategic transaction."
Amin Solehjou, Mangan's CEO stated, "We are very excited about this strategic acquisition and the value it brings to our customers. Coupled with our strong North American presence in providing Specialty Engineering services to many of our customers in the Industrial Market, this acquisition adds meaningful turn-key capabilities towards solving our client's environmental compliance as well as on-line process measurement challenges."
About Orbital Infrastructure Group, Inc.
Orbital Infrastructure Group, Inc. (Nasdaq: OIG) is a diversified infrastructure services platform, providing engineering, design, construction, and maintenance services to customers in three operating segments; electric power, telecommunications, and renewables.
Beginning in April 2021, Orbital Infrastructure Group transformed its infrastructure strategy with the acquisitions of GTS and Front Line Power Construction, the company's telecommunications and electric power segment platforms, as well as three synergistic "tuck in" acquisitions (IMMCO, Inc, Full Moon Telecom, and Coax Fiber Solutions) and the divestiture of its legacy Orbital Gas Systems business. The Company is now positioned to profitably grow its infrastructure services platform for years to come, organically and through synergistic acquisitions to capitalize on strong multi-year end market drivers in the industries we serve.
Orbital Infrastructure Group is dedicated to maximizing shareholder value, by striving to exceed our customers' expectations, building a diverse workforce, and making a positive difference in the lives of our employees and the communities in which we operate, and contributing to reducing the carbon footprint through the services we provide.
For more information please visit: http://www.orbitalenergygroup.co
Up and running.
Board started: might not be the e right category but I’m out golfing and will mess with this later. $OIG
I’ve asked admin awhile ago and still nothing. Someone else needs to ask to maybe it will get added if there are enough requests.
Well this turned out to be a big POS! Welcome to the sewers…..
Boom!
Bullish divergence on the chart, just a matter of time ??
And didn’t hold….new lows
Dilution? New lows again, ouch
Now looks like it’s going to test the new low made
Fuse is lit…let’s see the fireworks
Added some more…money!
$IGPK is not renewing its licenses in WI, and will pursue opportunities in CA and the Caribbean. The Company will realize immediate benefits in revenue and hard assets from CA. A contract is being drafted for an acquisition of a CA company with millions in assets and revs.
$IGPK is pleased to announce our exclusive market use of proprietary Jacquard "Anti-Snag" UPF 50+ fabrics, as well as our other Ultra-Blend fabric shirts are sold by clients such as NASA, in their gift shops!
$IGPK has filed an Amended 8k (tinyurl.com/yckeybwb) regarding its acquisition. IGPK is acquiring 100% of Consolidated now not 49%. The fins for 2022 will show the consolidation. More news to come.
https://twitter.com/igpkotc/status/1470528483587764230?s=21
$IGPK will release an update on its acquisition next week, the transaction is still moving forward. In January $IGPK will focus on acquiring operating, revenue producing assets in California.
https://twitter.com/igpkotc/status/1469032346984800263?s=21
$SNMP New management collectively has 17.7 Million shares as of yesterday.
New management coming in today. Old management (CEO) definitely dumping shares. IMO
Oh we do. Iggy button is a beautiful thing.
$IGPK - anticipates a short review process with the effective date only a few weeks away. We will begin to prepare contracts for the first two acquisitions IGPK will close immediately following the effectiveness. One of the acquisitions will take $IGPK out of “Shell” status.
Yeah man me too. Waited for the $2 but long term was always a keeper but I never did.
$IGPK - is watching for the Governor of WI proposal mjbizdaily.com/wisconsin-gove… to pass. IGPK sought out property in WI 2018 knowing the Governor intended on seeing cannabis legislation pass. Our licensed facility will be ready and able to grow and process cannabis when it passes.
$GEN nice pop!
He sure did! Never a doubt. Thanks PP
From Twitter this morning:
$IGPK is close to publishing its current audited fins. To answer a few questions: The O/S will not be raised any further, the Pref shares are owned by our CEO and do not have to be converted, the fins will have audited 2019 and audit reviewed 9 months 2020, OTCQB is the target.
Sugarbud Announces Supply Agreement with British Columbia Liquor Distribution Branch
October 26, 2020 07:00 ET | Source: Sugarbud Craft Growers Corp.
CALGARY, Alberta, Oct. 26, 2020 (GLOBE NEWSWIRE) -- Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.WT, SUGR.WS, SUGR.DB) ("Sugarbud" or the "Company") is pleased to announce that it has signed a definitive supply agreement with British Columbia Liquor Distribution Branch ("BCLDB") for the sale and distribution of Sugarbud’s Craft Cannabis Collection to private and public cannabis retailers in British Columbia. Sugarbud is now authorized to sell its products directly throughout Western Canada in British Columbia, Alberta and Saskatchewan.
BCLDB is responsible for the wholesale distribution of non-medical cannabis to private retailers and is the public retailer of non-medical cannabis throughout the province, under the brand BC Cannabis Stores.
“We are delighted that Sugarbud's Craft Cannabis Collection will now be available in British Columbia and across Western Canada,” stated Sugarbud's CEO, John Kondrosky. “With well over 800 private and public retail locations now operating across BC, Alberta and Saskatchewan, we now have access to Canada’s largest retail cannabis network and consumer access to legal cannabis,” concluded Mr. Kondrosky.
Initial purchase orders and shipments of Sugarbud's Craft Cannabis Collection to the BCLDB are expected to occur in November 2020.
About Sugarbud
Sugarbud is an Alberta-based, consumer-driven craft cannabis company focused on the cultivation and production of superior, select-batch, craft cannabis products. Our vision and mission are to become a trusted and well-respected consumer brand renowned for providing exceptional high-quality craft cannabis products to legal markets by delighting the most discerning of cannabis consumers. http://www.sugarbud.ca/
John Kondrosky
Chief Executive Officer
Sugarbud Craft Growers Corp.
Phone: (604) 499-7847
Boom $2
Like a fine wine gotta age ha! I’m still holding and will continue too for the pop
Then hit the 28’s
You do that nitwit, just you showing you makes everyone happy
Hey man! Yeah well let’s see that $2 smack here first then see if we can gain. No doubts it’s comin
$GTT took some profit, saving over half my stash for the big move $$
PRESS RELEASE
Sugarbud Announces Completion of Rights Offering
By
Published: Dec 27, 2019 7:00 a.m. ET
SHARE
CALGARY, Dec. 27, 2019 (Canada NewsWire via COMTEX) -- Sugarbud Craft Growers Corp. (SUGR)(SUGR.WT) ("Sugarbud") is pleased to announce the completion of its previously announced rights offering (the "Rights Offering") to holders ("Shareholders") of common shares of Sugarbud ("Common Shares"). Under the Rights Offering, Shareholders subscribed for and purchased an aggregate of 16,272,075 units (each, a "Unit"), at a price of $0.055 per Unit, resulting in gross proceeds to Sugarbud of $894,964. Each Unit consists of one Common Share and one Common Share purchase warrant (each, a "Warrant"). The Warrants are governed by a warrant indenture agreement between Sugarbud and Computershare Trust Company of Canada (the "Indenture"). In accordance with, and subject to the terms and conditions of, the Indenture, each Warrant entitles the holder thereof to purchase one Common Share at a price of $0.10 until December 20, 2021, subject to early expiry in the event that the 5-day volume weighted average trading price of the Common Shares equals or exceeds $0.125.
Following the completion of the Rights Offering, Sugarbud has 393,668,532 Common Shares outstanding.
Sugarbud will use the proceeds of the Rights Offering to further develop its high capacity state-of-the-art vertical cannabis cultivation facility in Stavely, Alberta and for general working capital purposes.
"We are grateful for the support shown by our shareholders during the rights offering and look forward to a very exciting and productive 2020 as we begin to rapidly scale up our commercial efforts," stated Sugarbud CEO, John Kondrosky. "We continue to execute well against a very disciplined capital spending and commercial plan that remains focused on maximizing value through the near-term expansion of cultivation capacity and production of exceptional dry cannabis flower products which we expect will begin to generate sustainable positive cash flow by late Q3 2020," Mr. Kondrosky added.
Sugarbud also announces that, pursuant to the terms and conditions of its stock option plan, it has cancelled a total of 6,750,000 Options granted to certain directors of Sugarbud. The cancelled Options were voluntarily surrendered by the holders thereof for no consideration. The exercise prices of the cancelled Options ranged from $0.10875 to $0.185 per Common Share.
Lol true story. He’s a beauty!
The ones that know they should be paying attention did I’m sure.
Bang on again, well done!
$IGPK
Really???
Good to see you still pounding away in the sewers buddy. Been awhile, had to join the party.
Never a doubt with you