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Back in June 2018, when Rolls-Royce cut 4,600 jobs, its price per share went from $830 to almost $1,100.
Good news or not, that’s how the market reacted back then.
Vale to Benefit From Ramp-Up of Production, Rising Metals Price -- Market Talk
1:46 PM ET 4/30/20 | Dow Jones
13:46 ET - Brazilian iron-ore mining giant Vale SA should benefit as it ramps up production that had been shut down in the aftermath of the Brumadinho dam disaster, as the financial overhang of that tragedy diminishes and on higher copper and nickel prices after this year, according to Christopher LaFemina, an analyst at Jefferies. Near-term risks are high because of the coronavirus crisis and its effects on the world economy, but after a short-term decline in the price of iron ore because of higher output from Vale and other miners, the price should start to get more support later in the year as the economy improves, LaFemina says. Vale reported a decline in iron-ore output in 1Q because of bad weather and unscheduled maintenance. (jeffrey.lewis@wsj.com)
> Dow Jones Newswires
April 30, 2020 13:46 ET (17:46 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Progressive Care Announces Successful Expansion of PharmcoRX.com eCommerce Portal to Entire US
7:00 AM ET 4/30/20 | GlobeNewswire
Progressive Care Announces Successful Expansion of PharmcoRX.com eCommerce Portal to Entire US
MIAMI, FL, April 30, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Progressive Care Inc. (OTCQB: RXMD) ("Progressive Care" or the "Company"), a personalized healthcare services and technology company, is excited to announce that it has expanded the scope of its new ecommerce portal (PharmcoRX.com) to serve the entire US domestic market. The Company started filling and shipping orders nationwide this week.
The PharmcoRX.com site includes online access to prescriptions, essential goods, personal protection equipment, guidance on COVID-19 prevention and care, information about custom compounding, and access to services for patients, payors, and providers.
"We are preparing for a large-scale uptick in order volume," noted S. Parikh Mars, CEO of Progressive Care. "It's also important for our shareholders to know that our decision to ramp up ecommerce at this time isn't just about COVID-19. Certainly, the unusual context, with so many consumers conducting all of their activity online, acted as a motivating factor to move in this direction now, rather than later. But this step represents more than a simple short-term strategy. It's a powerful evolutionary leap for Progressive Care -- a natural escalation of our scope and reach as an emerging leader in the pharmacy and healthcare services marketplace."
Management expects that the Company's successful implementation of its ecommerce strategy will positively impact anticipated performance in coming quarters and overall in 2020.
For more information about Progressive Care, please visit the company's website.
Connect and stay in touch with us on social media:
Progressive Care Inc.
https://www.facebook.com/ProgressiveCareUS/
https://twitter.com/ProgressCareUS
PharmCo, LLC
https://www.facebook.com/pharmcorx/
https://twitter.com/PharmCoRx
Five Star RX
https://www.fivestarrx.com/
https://www.facebook.com/fivestarrx/
About Progressive Care Inc.
Progressive Care Inc. (OTCQB: RXMD), through its subsidiaries, is a Florida health services organization and provider of prescription pharmaceuticals, compounded medications, provider of tele-pharmacy services, the sale of anti-retroviral medications, medication therapy management (MTM), the supply of prescription medications to long-term care facilities, and health practice risk management.
Cautionary Statement Regarding Forward-Looking Statements
Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company's expectations about its future operating results, performance, and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the intended terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words "anticipate," "believe," "estimate, " "upcoming," "plan," "target," "intend" and "expect" and similar expressions, as they relate to Progressive Care Inc., its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.
Investor Relations Contact:
Armen Karapetyan, Progressive Care
Senior Advisor Business Development
Armen@progressivecareus.com
www.progressivecareus.com
www.pharmcopharmacy.com
> Dow Jones Newswires
April 30, 2020 07:00 ET (11:00 GMT)
It's going to break $10 shortly. $VALE is resuming its operations in one of its mines that produces:
Vale to Restart 330,000 Tons of Monthly Output at Timbopeba Mine Next Week
11:01 AM ET 4/29/20 | Dow Jones
By Jeffrey T. Lewis
SAO PAULO--Brazilian iron-ore mining giant Vale SA will resume dry processing operations at its Timbopeba mine in Minas Gerais state next week, boosting monthly production by about 330,000 metric tons, the company said Wednesday.
Operations at the mine were suspended by court order in March of last year amid concerns about the safety of a mining waste dam at the site in the aftermath of the dam collapse disaster in Brumadinho that took the lives of 270 people the previous January.
Dry processing operations, which don't produce the kind of waste that accumulates behind dams and that flooded parts of Brumadinho last year, were authorised by Minas Gerais state authorities at Timbopeba.
Vale said it expects to restart wet processing activities at the mine in the fourth quarter of this year, which would permit Timbopeba to achieve full production capacity of about 1 million tons per month.
The resumption at Timbopeba of dry processing next week, and the expected restart of wet processing in the fourth quarter, are both included in Vale's production guidance for this year of 310 million tons-330 million tons, the company said.
Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com
> Dow Jones Newswires
April 29, 2020 11:01 ET (15:01 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Thank you very much for the information. This is wonderful news!
It seems like someone knows something.
I am expecting on all the above.
Uncle Ernie, in my humble opinion RYCEF and RYCEY have reached the bottom and deserve to be checked. I bought a chunk today. Here is some interesting news:
British aero-engine maker Rolls-Royce scrapped its final dividend on Monday, but its shares jumped 5% after it said it had secured an additional 1.5 billion pounds ($1.8 billion) in reserves to manoeuvre a potential prolonged downturn. (Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Arun Koyyur)
Rolls-Royce contract with US Navy is not going away, so again, in my humble opinion, it's a good investment and we may see a 300% increase soon.
Only MM's can explain such thing.
Would you please elaborate how to dilute a stock that is used to pay dividends and doesn't have a stablished AS?
Dilution? LOL
The information you're providing is very accurate, as far as I am concerned. That's the info I got directly from Rolls-Royce as well.
It will get much better than that. I'm looking forward to see $RLLCF running like a charm...
Kind of same here... I haven't been trading, just accumulating as much as I can, because I know that most likely sooner than later $RXMD will run like a charm...
Progressive Care Announces Live Launch of PharmcoRX.com eCommerce Portal with Same-Day Delivery
7:00 AM ET 4/23/20 | GlobeNewswire
Progressive Care Announces Live Launch of PharmcoRX.com eCommerce Portal with Same-Day Delivery
MIAMI, FL, April 23, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Progressive Care Inc. (OTCQB: RXMD) ("Progressive Care" or the "Company"), a personalized healthcare services and technology company, is very excited to announce the live launch of the Company's new e-commerce portal, which includes online access to prescriptions, essential goods, personal protection equipment, guidance on COVID-19 prevention and care, information about custom compounding, and access to services for patients, payors, and providers. Please visit PharmcoRX.com to take advantage of this comprehensive online pharmacy solution today.
The site already includes same-day delivery on orders for important coronavirus prevention gear, such as masks, hand sanitizer, and protective gloves.
"The coronavirus pandemic has forced an evolutionary transition in the nature of commerce for many market participants," commented S. Parikh Mars, CEO of Progressive Care. "Our new e-commerce portal connects us to our customers on a contactless, 24/7 basis, which is well-suited to the current context, and will likely continue to be a major value proposition for our shareholders indefinitely into the future. The site launched without a hitch, and we have already booked sales successfully. Site traffic has handily exceeded our expectations since we went live."
Management notes that the PharmcoRX e-commerce portal is the latest element in the Company's market-leading response to the COVID-19 outbreak as a pharmacy solutions provider. Progressive Care has been at the cutting edge in meeting patient needs during the coronavirus response, offering reliable same-day contactless home delivery of prescription medications throughout the continuing emergency. The Company's new e-commerce portal extends that positioning.
The Company believes it has a distinct market advantage in this context because it has an established delivery infrastructure -- already in place as an artifact of its longstanding prescription delivery service -- which is now being mobilized for delivery of over-the-counter goods available on its e-commerce site on a same-day basis throughout its regional distribution footprint. This market advantage is being pursued through widespread digital marketing efforts. Management believes this strategy is having a clear impact, as evidenced by an accelerating trend of patient services capture from competing pharmacies to Progressive Care over recent weeks.
"This is just the beginning of our invested pursuit of a dominant position in the online pharmacy services marketplace," continued Mars. "We are making aggressive strides. We can see that strategy is working. And that only encourages us to pick up the pace. The next step is to dramatically widen our product offering. We are very excited about the rapid pace of progress we have seen with our e-commerce strategy. And we look forward to providing further updates as we meet future milestones in this direction."
For more information about Progressive Care, please visit the company's website.
Connect and stay in touch with us on social media:
Progressive Care Inc.
https://www.facebook.com/ProgressiveCareUS/
https://twitter.com/ProgressCareUS
PharmCo, LLC
https://www.facebook.com/pharmcorx/
https://twitter.com/PharmCoRx
Five Star RX
https://www.fivestarrx.com/
https://www.facebook.com/fivestarrx/
About Progressive Care Inc.
Progressive Care Inc. (OTCQB: RXMD), through its subsidiaries, is a Florida health services organization and provider of prescription pharmaceuticals, compounded medications, provider of tele-pharmacy services, the sale of anti-retroviral medications, medication therapy management (MTM), the supply of prescription medications to long-term care facilities, and health practice risk management.
Cautionary Statement Regarding Forward-Looking Statements
Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company's expectations about its future operating results, performance, and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the intended terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words "anticipate," "believe," "estimate, " "upcoming," "plan," "target," "intend" and "expect" and similar expressions, as they relate to Progressive Care Inc., its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.
Investor Relations Contact:
Armen Karapetyan, Progressive Care
Senior Advisor Business Development
Armen@progressivecareus.com
www.progressivecareus.com
www.pharmcopharmacy.com
> Dow Jones Newswires
April 23, 2020 07:00 ET (11:00 GMT)
I don't know how high it can get. We have other 2 Rolls-Royce stocks (RYCEF and RYCEY), which pps usually run around $9.00. Recently they had a big drop to $4.00, after Rolls-Royce decided not to pay the dividends this year due to the corona virus economic crisis.
I have seen RLLCF running up to $0.75, but who knows how much it will run this time? To tell you the truth, I prefer not to speculate, but I am very optimistic because the catalysts. Let's hope for the best, because since Rolls-Royce canceled the dividends, my hope is to see RLLCF flying high.
One thing I know for sure: it's a mistake not to have tickets for this boat.
And another thing I would like to make sure: this stock has NOTHING to do with cars. It's Rolls-Royce holdings - associated with airplane jets and stuff, much bigger than cars.
Of course it will go much higher. How much higher do you want to see it going in just one day?
$SGMD IS ALL OVER THE NEWS!
Cannabis Global Inc and Sugarmades BudCars Cannabis Delivery Service Enter a Product License Agreement in Cannabis Edibles Technology
7:30 AM ET 4/22/20 | Dow Jones
LOS ANGELES, April 22, 2020 /PRNewswire/ -- Cannabis Global, Inc. (OTC: MCTC), a cannabinoid and hemp extract science forward company developing infusion and delivery technologies, today announces the licensing of several patent-pending technologies to Sacramento-based BudCars Cannabis Delivery Services, in conjunction with Sugarmade, Inc. (OTCQB: SGMD), for use in cannabis edibles for the regulated California marketplace. Under the terms of the licensing agreement, Cannabis Global Inc will license its unique cannabinoid infusion technologies, which will be utilized by Budcars for the production of super-premium, highly bioavailable cannabis edibles.
"We have developed and have pending patents on several technologies that not only make the production of cannabis edibles less expensive but also improve product quality. While we are rolling out our own hemp-oriented product lines utilizing these technologies, we are now able to leverage these developments via licensing arrangements to manufactures within the regulated cannabis markets," commented Cannabis Global Inc (MCTC) CEO Arman Tabatabaei. We are looking forward to our working relationship with BudCars and Sugarmade.
Under the terms of the licensing agreement, Cannabis Global will supply technology and licensing rights to BudCars, which will be responsible for the manufacturing and distribution of cannabis edible products to its delivery customer base. Additionally, BudCars is being granted rights to manufacture and distribute products, based on the technologies, within the state of California, under BudCars' existing cannabis licenses.
Jimmy Chan, CEO of Sugarmade commented, "This agreement is important for a number of reasons. First, we believe the Cannabis Global Inc technology set is superior to everything else we have seen. This will allow BudCars to produce ultra-premium products for its growing customer base. Second, this agreement is an important additional step relative to opportunistic margin expansion opportunities for BudCars through selective vertical integration and brand internalization. Additionally, the agreement allows BudCars to expand its marketing efforts in the fast-growing cannabis edibles sector. While sales across the board for BudCars have been up significantly since the COVID-19-related stay at home orders, sales of edibles have been especially strong. We welcome Cannabis Global Inc (MCTC) to the BudCars and Sugarmade families."
Cannabis Global Inc (MCTC) has recently announced several innovations in the field of cannabinoid infusion especially relating to its Hemp You Can Feel(TM) infusion technologies. In total, the Company has recently filed six patents on cannabinoid extract technologies and delivery systems. The company is currently working with patent counsel to protect various other aspects of its other new technologies. As previously announced, the Company plans to continue other areas of delivery systems research including its programs pertaining to cannabinoid glycosides, polymeric cannabinoid nanoparticles and nanofibers, and its hemp extract-based alcohol replacement technologies.
About Cannabis Global, Inc.
Cannabis Global, Inc. (MCTC) is a Nevada registered, fully reporting and audited publicly-traded company. With the hemp and cannabis industries moving very quickly and with a growing number of market entrants, Cannabis Global plans to concentrate its efforts on the middle portions of the hemp and cannabis value chain. The Company plans to actively pursue R&D programs and productization for exotic cannabinoid isolation, bioenhancement of cannabinoids and polymeric solid nanoparticles and nanofibers for addition into consumer products and for dermal application. The Company was reorganized during June of 2019 and announced its intent to enter the fast-growing cannabis sector. The Company is headed and managed by a group of highly experienced cannabis industry pioneers and entrepreneurs.
About Sugarmade, Inc.
Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. Brand portfolio includes CarryOutsupplies.com, SugarRush(TM) and Budcars.com. For more information please reference
www.Sugarmade.com
More information on the Company can be viewed at www.CannabisGlobalinc.com.
Forward-looking Statements
This news release contains "forward-looking statements" which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as "anticipate", "seek", intend", "believe", "estimate", "expect", "project", "plan", or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-k, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.
For more information, please contact:
Arman Tabatabaei,
IR@cannabisglobalinc.com
View original content:http://www.prnewswire.com/news-releases/cannabis-global-inc-and-sugarmades-budcars-cannabis-delivery-service-enter-a-product-license-agreement-in-cannabis-edibles-technology-301045178.html
SOURCE Cannabis Global, Inc.
/CONTACT: +1 (310) 986-4929
> Dow Jones Newswires
April 22, 2020 07:30 ET (11:30 GMT)
Cannabis Global Inc (OTC: MCTC) and Sugarmades BudCars Cannabis Delivery Service Enter a Product License Agreement in Cannabis Edibles Technology
7:30 AM ET 4/22/20 | Dow Jones
LOS ANGELES, CA / ACCESSWIRE / April 22, 2020 / Cannabis Global, Inc. (OTC PINK:MCTC), a cannabinoid and hemp extract science forward company developing infusion and delivery technologies, today announces the licensing of several patent-pending technologies to Sacramento-based BudCars Cannabis Delivery Services, in conjunction with Sugarmade, Inc. (OTCQB:SGMD), for use in cannabis edibles for the regulated California marketplace. Under the terms of the licensing agreement, Cannabis Global Inc will license its unique cannabinoid infusion technologies, which will be utilized by Budcars for the production of super-premium, highly bioavailable cannabis edibles.
"We have developed and have pending patents on several technologies that not only make the production of cannabis edibles less expensive but also improve product quality. While we are rolling out our own hemp-oriented product lines utilizing these technologies, we are now able to leverage these developments via licensing arrangements to manufactures within the regulated cannabis markets," commented Cannabis Global Inc (MCTC) CEO Arman Tabatabaei. We are looking forward to our working relationship with BudCars and Sugarmade.
Under the terms of the licensing agreement, Cannabis Global will supply technology and licensing rights to BudCars, which will be responsible for the manufacturing and distribution of cannabis edible products to its delivery customer base. Additionally, BudCars is being granted rights to manufacture and distribute products, based on the technologies, within the state of California, under BudCars' existing cannabis licenses.
Jimmy Chan, CEO of Sugarmade commented, "This agreement is important for a number of reasons. First, we believe the Cannabis Global Inc technology set is superior to everything else we have seen. This will allow BudCars to produce ultra-premium products for its growing customer base. Second, this agreement is an important additional step relative to opportunistic margin expansion opportunities for BudCars through selective vertical integration and brand internalization. Additionally, the agreement allows BudCars to expand its marketing efforts in the fast-growing cannabis edibles sector. While sales across the board for BudCars have been up significantly since the COVID-19-related stay at home orders, sales of edibles have been especially strong. We welcome Cannabis Global Inc (MCTC) to the BudCars and Sugarmade families."
Cannabis Global Inc (MCTC) has recently announced several innovations in the field of cannabinoid infusion especially relating to its Hemp You Can Feel(TM) infusion technologies. In total, the Company has recently filed six patents on cannabinoid extract technologies and delivery systems. The company is currently working with patent counsel to protect various other aspects of its other new technologies. As previously announced, the Company plans to continue other areas of delivery systems research including its programs pertaining to cannabinoid glycosides, polymeric cannabinoid nanoparticles and nanofibers, and its hemp extract-based alcohol replacement technologies.
About Cannabis Global, Inc.
Cannabis Global, Inc. (MCTC) is a Nevada registered, fully reporting and audited publicly-traded company. With the hemp and cannabis industries moving very quickly and with a growing number of market entrants, Cannabis Global plans to concentrate its efforts on the middle portions of the hemp and cannabis value chain. The Company plans to actively pursue R&D programs and productization for exotic cannabinoid isolation, bioenhancement of cannabinoids and polymeric solid nanoparticles and nanofibers for addition into consumer products and for dermal application. The Company was reorganized during June of 2019 and announced its intent to enter the fast-growing cannabis sector. The Company is headed and managed by a group of highly experienced cannabis industry pioneers and entrepreneurs.
About Sugarmade, Inc.
Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. Brand portfolio includes CarryOutsupplies.com, SugarRush(TM) and Budcars.com. For more information please reference www.Sugarmade.com
More information on the Company can be viewed at www.CannabisGlobalinc.com.
For more information, please contact:
Arman Tabatabaei
IR@cannabisglobalinc.com
Forward-looking Statements
This news release contains "forward-looking statements" which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as "anticipate", "seek", intend", "believe", "estimate", "expect", "project", "plan", or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-k, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.
SOURCE: Cannabis Global, Inc.
View source version on accesswire.com:
https://www.accesswire.com/586235/Cannabis-Global-Inc-OTC-MCTC-and-Sugarmades-BudCars-Cannabis-Delivery-Service-Enter-a-Product-License-Agreement-in-Cannabis-Edibles-Technology
> Dow Jones Newswires
April 22, 2020 07:30 ET (11:30 GMT)
Sorry about that, uncle Ernie...
Basic DD
If people don't start accumulating $RLLCF RIGHT NOW, I don't know what is wrong with them...
Thank you very much, I learned one more thing today... didn't know about this elderberry supplement. Already ordered a bottle to try it on. It's good for a bunch of things, but what made me laugh is about being good for wrinkles, which I don't care about, because "if wrinkles mean signs of getting old, then my balls would be pre-historic..."
But anyway, best or worst, it's up 10%... and counting...
American Green Adds Free Hand Sanitizer to Every Online CBD Store Order
It may be from the greedy guy who got stuck with 17k bottles of hand sanitizer... hahahaha
https://www.nytimes.com/2020/03/14/technology/coronavirus-purell-wipes-amazon-sellers.html
$RLLCF: It's about time again. Since #RollsRoyce has suspended the dividends due to the coronavirus economic crisis, the run for acquiring $RLLCF shares has already begun. Check the accumulation!
Accumulation continues....
Aurora Cannabis (ACB): Not All Reverse Splits Are Negative
Aurora Cannabis (ACB) is taking another hit as the company proposes a reverse split to satisfy NYSE listing requirements. Such moves to boost the stock price are typically signs of companies in distress, but the move doesn’t alter the financial position of Aurora. The company is still participating in 2020 growth catalysts while the stock will remain volatile during this period.
Reverse Stock Split Details
The Board of Directors has proposed that Aurora Cannabis complete a 1-for-12 reverse stock split. The company now lists 1,313,494,990 common shares outstanding leading to a post-split share count of 109,457,915 shares.
The company forecasts the reverse split to take place around a month from now on May 11. Aurora Cannabis has an ongoing at-the-market equity plan suggesting additional shares will be sold to raise cash over the next month leading to a higher share count when the split is complete.
The key to the reverse split is the stock has a market valuation below $1 billion before and after the split with the share price at $0.71 here. Aurora Cannabis would trade near $9 following the split without any further stock changes.
Typically, stocks trade down after a split as the higher share price makes the stock appealing to short sellers again. Aurora Cannabis suggests FQ3 results were on plan for small sequential growth and the company remains on path to reach business transformation goals of reducing quarterly operating expenses to C$45 million. The ability to hit revenue targets while cutting costs is a major positive going forward.
Rite Aid Example
The majority of reverse splits end up negative for existing shareholders as the move does nothing to improve the fundamentals of the business that pushed the stock so low to require a split. Rite Aid (RAD) is a prime example of a company that thrived after a reverse split providing some hope for Aurora Cannabis shareholders.
The pharmacy chain announced a 1-for-20 reverse split back over one year ago in January. At the time, Rite Aid was a penny stock similar to Aurora Cannabis.
After the split, the stock traded around $10 and eventually hit a low of $5. By the end of 2019, Rite Aid soared to over $20 and currently trades above the split levels near $15.
If anything, Rite Aid is a weak third player in the pharmacy space while Aurora Cannabis remains a top player in the Canadian cannabis market and the push into global operations. The cannabis company made several mistakes along the path to this point of needing a reverse stock split to meet NYSE minimum requirements of $1, but Aurora Cannabis appears in a far better competitive position here.
Takeaway
The key investor takeaway is that the valuation equation for Aurora Cannabis isn’t impacted by a reverse stock split. The stock will trade volatile over this next few months, but any investors liking the stock prior to the split should like Aurora Cannabis on any dips now.
The key to the story remains whether the company can turn current sales levels into a profitable business. The preliminary March quarter results suggest Aurora Cannabis is on the right path just in time for more retail stores in Ontario when the Covid-19 pandemic wanes.
All in all, Wall Street isn’t jumping for joy — but isn’t sounding the alarms, either. TipRanks analysis of 15 analyst ratings shows a consensus Hold rating, with one analyst suggesting Buy, 11 saying Hold and 3 recommending Sell. The average price target among these analysts stands at US$1.69, which implies 138.5% upside from current levels.
Source: https://finance.yahoo.com/news/aurora-cannabis-acb-not-reverse-125650343.html
My comment: unfortunately, watch out for more dilution.
Progressive Care Doubles March Sales, Successfully Utilizing Its Market Leading Contactless RX Delivery Due to Covid-19 Pandemic
7:00 AM ET 4/15/20 | GlobeNewswire
Progressive Care Doubles March Sales, Successfully Utilizing Its Market Leading Contactless RX Delivery Due to Covid-19 Pandemic
MIAMI, FL, April 15, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Progressive Care Inc. (OTCQB: RXMD) ("Progressive Care" or the "Company"), a personalized healthcare services and technology company, is pleased to announce operational performance data for March 2020, which featured breakthrough growth in total sales and a new Company record in total number of prescriptions filled on sharp market share gains:
-- Consolidated monthly gross sales across all locations totaled $3.6 million, representing year-over-year growth of 105% compared to March 2019,
-- Prescriptions filled during the month came in at 47,467, representing year-over-year growth of 76% compared to March 2019,
-- Prescriptions filled hit a new all-time monthly record for the Company in March,
-- "Ready, Set, PrEP" Program for HIV prevention launched,
-- Seeing continued growth in services targeting non-profit organizations,
-- Will file with SEC for fully reporting status.
"Our market-leading contactless delivery experience has positioned Progressive Care to truly thrive in this uniquely challenging context, and that really showed through in March," commented S. Parikh Mars, CEO of Progressive Care. "Much of this growth is the result of patients and physicians choosing our pharmacies over grocery store and chain pharmacies to better protect themselves from exposure during this time. We have worked steadily to deliver prescriptions securely while adhering to contactless protocols during the pandemic."
Management notes that March was a record-breaking month driven largely by heavy incentivization at the prescriber level to recommend pharmacy services that minimize the risk of patient infections. Progressive Care has earned a reputation in the physician community for safeguarding the health and wellbeing of patients.
The Company believes that this explosive wave of growth is best understood as a market share phenomenon, which is a dynamic that may continue to define results over the intermediate-term. The Company expects continued influxes of new patients over the next 30 days as patients are encouraged to stay at home. Furthermore, it does not expect added attrition of patients once the current crisis conditions wain as patients of the Company have high satisfaction rates.
"We have also launched our Ready, Set, PrEP Program for HIV prevention and we have worked steadily to add new relationships with not-for-profit clinics," continued Mars. "We expect to have several of these clinics actively engaged with this service in Q3."
For more information about Progressive Care, please visit the company's website.
Connect and stay in touch with us on social media:
Progressive Care Inc.
https://www.facebook.com/ProgressiveCareUS/
https://twitter.com/ProgressCareUS
PharmCo, LLC
https://www.facebook.com/pharmcorx/
https://twitter.com/PharmCoRx
Five Star RX
https://www.fivestarrx.com/
https://www.facebook.com/fivestarrx/
About Progressive Care Inc.
Progressive Care Inc. (OTCQB: RXMD), through its subsidiaries, is a Florida health services organization and provider of prescription pharmaceuticals, compounded medications, provider of tele-pharmacy services, the sale of anti-retroviral medications, medication therapy management (MTM), the supply of prescription medications to long-term care facilities, and health practice risk management.
Cautionary Statement Regarding Forward-Looking Statements
Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company's expectations about its future operating results, performance, and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the intended terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words "anticipate," "believe," "estimate, " "upcoming," "plan," "target," "intend" and "expect" and similar expressions, as they relate to Progressive Care Inc., its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.
Investor Relations Contact:
Armen Karapetyan, Progressive Care
Senior Advisor Business Development
Armen@progressivecareus.com
www.progressivecareus.com
www.pharmcopharmacy.com
Public Relations Contact:
Caitlin Franscell, CMW Media
caitlin@cmwmedia.com
www.cmwmedia.com
Web and Application Development Contact:
Carlos Rangel
carlosr@pharmcorx.com
> Dow Jones Newswires
April 15, 2020 07:00 ET (11:00 GMT)
Aurora Cannabis Drops After Plans for 1-for-12 Reverse Stock Split
https://www.yahoo.com/finance/m/574be73b-1a5f-3835-9c59-2c79c4ef0209/aurora-cannabis-drops-after.html
Not even a "Happy Easter"... LOL
What is interesting are temperamental people: I was connected with someone on twitter and when he saw my message "RIP $SPRV?", he thought I was bashing and told me that I am dead for him. Then blocked me. Perhaps he doesn't know that question mark means a question? He might have skipped this class... LOL
GO $SPRV!
Actually this may be good news for WebToDoor. WebToDoor is not amazon. In my humble opinion, it may mean more business to WebToDoor, since amazon is discontinuing its own carrier services.
I asked a question on Twitter as “Rip SPRV?” in the tentative of hearing from them, since they haven’t tweeted for quite some time. Let’s see if they respond.
Anyway, I still holding a good chunk of shares just in case SPRV flies.
Yeah, I can't say because I don't know this Brewer.
I made some money here, so I am okay.
I would say that at least the transparency deserves some credit.
RJD Green Inc. Posts Update of Company Initiatives Prior to Second Quarter Filings
8:20 AM ET 4/8/20 | Dow Jones
TULSA, OK / ACCESSWIRE / April 8, 2020 / RJD Green (OTC PINK:RJDG), RJD Green Inc. discusses company initiatives and current situation in this time of COVID-19 upheaval.
Current Financial Position
During this time of historical health and economic tsunami, the first concern of a launching company is the capital to sustain itself until normalcy returns. The equal concern is the safety of its staff and clients.
Although in these historic times, any capital need analysis is susceptible to the unknowns and unpredictable events that are occurring now and in the immediate future, RJD Green management feels they have procured a minimum of six months additional operating capital to support the existing held-capital and current profitable operations. RJD Green operations continue to maintain minimal breakeven requirements for operation.
Silex Holdings Inc.
RJD Green subsidiary, Silex Holdings Inc., currently is continuing its ongoing and long-term profitability thru quarter two of the 2020 fiscal year. Silex has an existing 120-day backlog of working, barring unforeseen economic changes.
-- Commercial projects awarded within a four-state region are over $700,000
in contract value.
-- Silex's backlog in the high-end custom home market in both metropolitan
regions currently are over $400,000
-- Although the backlog is susceptible to cancellations in this distressed
market, both sectors appear solid and the best niches available for the
Company's business focus in the current market. However management cannot
outguess the timing or movement of current economic factors.
Healthcare Industry Services
IOSoft Inc.'s growth efforts that includes fully launching a White Label partner, and completing agreements with three major firms within the healthcare payment sector have been slowed until the immediate future can be better forecast, and the management of IOSoft's targeted companies are operating in a less stressful business environment than currently exists. These opportunities remain in place when the current times normalize.
IOSoft is completing the onboarding and initial parallel testing with a client that would increase revenues by 25%.
Merger & Acquisition Efforts
As the calendar year 2020 began, RJD Green aggressively approached procuring an appropriate acquisition for each of our three divisions. These efforts were a continuation of discussions and engagements started in the last quarter of 2019.
RJD Green was engaged in discussions with two M & A opportunities that met the needed performance guidelines for successful acquisitions transactions that would move annual revenue to over $20,000,000.
However under current economic conditions, acquisition efforts have slowed until the market is stabilized and the future can be more accurately projected.
In the meantime, RJD Green's equity participants are still in place at such time as the economy moves forward. RJD Green is maintaining open lines of communication with potential targets with the goal to have M & A initiatives in place to recover the Company's acquisition momentum when the economy allows.
About RJD Green, Inc.
The Company operates as a holding company with a focus of acquiring and managing assets and companies. RJD Green operates in three divisions: RJD Green Healthcare Services Division, which holds interest in IoSoft Inc, a company that provides discrete payment technologies, services and software that can be integrated into targeted offerings for healthcare provider networks, hospitals, healthcare payers and individual providers: Earthlinc Environmental Services Division, which provides green environmental services and technologies; Silex Holdings Division, which is engaged in specialty construction and industrial manufacturing and fills a market niche between the Home Depots and local contractors. Silex offers installed granite/other counter tops, cabinets and related products to the residential builder, commercial contractor, remodel contractor and retail customer. Visit http://www.rjdgreen.com
For additional information contact, Ron Brewer, CEO at ronb@rjdgreen.com, or at (918) 551-7883, or Douglass Baker, OTC PR Group at corp@otcprgroup.com or at (561) 807-6350
Forward-looking Statement:
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events of future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluation such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
SOURCE: RJD Green, Inc.
View source version on accesswire.com:
https://www.accesswire.com/584383/RJD-Green-Inc-Posts-Update-of-Company-Initiatives-Prior-to-Second-Quarter-Filings
> Dow Jones Newswires
April 08, 2020 08:20 ET (12:20 GMT)
Aurora Cannabis (ACB): Strong Industry, Solid Earnings Estimate Revisions
One stock that might be an intriguing choice for investors right now is Aurora Cannabis Inc. (ACB - Free Report) . This is because this security in the Medical – Products space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Medical – Products space as it currently has a Zacks Industry Rank of 63 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Aurora Cannabis is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
Aurora Cannabis Inc. Price and Consensus
Aurora Cannabis Inc. Price and Consensus
Aurora Cannabis Inc. price-consensus-chart | Aurora Cannabis Inc. Quote
In fact, over the past month, current quarter estimates have narrowed from a loss of 5 cents per share to a loss of 4 cents, while current year estimates have narrowed from a loss of 96 cents per share to a loss of 94 cents. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So, if you are looking for a decent pick in a strong industry, consider Aurora Cannabis. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
Source: https://www.yahoo.com/finance/news/aurora-cannabis-acb-strong-industry-134001482.html
Source: https://www.zacks.com/stock/news/852793/aurora-cannabis-acb-strong-industry-solid-earnings-estimate-revisions?cid=CS-YAHOO-FT-tale_of_the_tape|industry_rank_and_rising_estimates-852793
It’s going to open as $0.01 today.
I'm ready to go vaping all the way to the bank!
$RLLCF: Monopoly is imminent. It's #RollsRoyce!
Without Boeing, General Electric Stock Is Dead in the Water
https://finance.yahoo.com/news/without-boeing-general-electric-stock-195346089.html
https://twitter.com/nygrande/status/1243167587896262656