OpenText's Largest Investor Backs Board's Decision to Fire CEO
'We believe this change will also accelerate the optimization of its portfolio to crystallize shareholder value and improve transparency in terms of performance of the underlying businesses,' Charles Nadim, Jarislowsky's head of research, said in an emailed statement. 'As the board continues to refresh, all the pieces are in place for strong, improving performance of the business.
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Associated Press
27 minutes ago
- Associated Press
Xebra Brands Announces Share Consolidation and Provides Update on MCTO
VANCOUVER, BC / ACCESS Newswire / August 15, 2025 / Xebra Brands Ltd. ('Xebra') (CSE:XBRA)(FSE:9YC), a international cannabis company, announces that it intends to consolidate its issued and outstanding common shares (the 'Common Shares') on the basis of ten (10) pre-consolidation Common Shares for one (1) post-consolidation Common Share (the 'Consolidation'). As of the date hereof, there are 84,144,855 Common Shares issued and outstanding and on a post-Consolidation basis, the Company shall have approximately 8,414,486 Common Shares issued and outstanding. No fractional Common Shares will be issued as a result of the Consolidation. Any fractional interest in Common Shares that is less than 0.5 of a Common Share resulting from the Consolidation will be rounded down to the nearest whole Common Share, and any fractional interest in Common Shares that is equal to or greater than 0.5 of a Common Share will be rounded up to the nearest whole Common Share. The Common Shares will be expected begin trading on a consolidated basis and with a new CUSIP number on or around August 28, 2025, subject to regulatory approvals, including the approval of the CSE. Pursuant to the Business Corporations Act (British Columbia) and the articles of the Company, shareholder approval of Consolidation is not required. Shareholders of the Company who hold their shares through a securities broker or dealer, bank or trust company will not be required to take any measures with respect to the Consolidation. Xebra's transfer agent, Computershare Investor Services Inc. ('Computershare'), will mail a letter of transmittal to all registered shareholders of Xebra that will contain instructions for exchanging their pre-Consolidation Common Shares for post-Consolidation Common Shares. Registered shareholders will be required to return their certificates representing pre-Consolidation Common Shares and a completed letter of transmittal to Computershare. Any registered shareholder who submits a duly completed letter of transmittal to Computershare along with pre-Consolidation share certificate will receive in return a post-Consolidation share certificate or Direct Registration System Advice. Xebra's outstanding warrants and options will be adjusted on the same basis (10 to 1) as the Common Shares, with proportionate adjustments being made to exercise prices. The Company is also providing an update to its previously disclosed management cease trade order ('MCTO'), announced on July 2, 2025, in respect of the audited annual financial statements and corresponding management's discussion and analysis for the year ended February 28, 2025, including the CEO and CFO certifications (collectively, the 'Annual Financial Filings') that were not filed by the required filing deadline of June 30, 2025 (the 'Filing Deadline'). As previously disclosed, the Annual Financial Filings were not filed by the Filing Deadline because there have been certain liquidity constraints and delays associated with recent changes of management. The Company is working expeditiously to address the liquidity constraints and implement management changes necessary to complete the Annual Financial Filings and expects to file them by August 29, 2025. The Company will provide updates as further information regarding the Annual Financial Filings becomes available. Until the Annual Financial Filings are completed, the MCTO will remain in effect. The Company will continue to issue bi-weekly default status reports in accordance with National Policy 12-203 - Management Cease Trade Orders and intends to comply with the Alternative Information Guidelines for as long as it remains in default of the filing requirements. The Company confirms that, as of the date of this news release, there have been no material business developments or other material information regarding its affairs that have not been generally disclosed. On behalf of the Board Rodrigo Gallardo Interim CEO For more information contact: +52 (55) 6387-2293 [email protected] Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: Certain information contained in this press release constitutes forward-looking information or forward-looking statements under applicable securities laws. Any statements that are not statements of historical fact may be deemed to be forward-looking statements, these include, without limitation, statements regarding Xebra Brands Ltd.'s expectations in respect of its ability to successfully execute its business plan or business model; statements, projections and estimates with respect to the Consolidation, the timing of the Consolidation and the Consolidation ratio, statements with respect to the filing of the Annual Financial Filings, the expectation that the Annual Financial Filings will be filed by the Filing Deadline, the expected number of issued and outstanding common shares on a post-Consolidation basis, the mailing of letters of transmittal, Xebra's ability to provide economic, environmental, social, or any benefits of any type, in the communities it operates in or may operate it in the future; its ability to be a first mover in a country, or to obtain or retain government licenses, permits or authorizations in general, or specifically in Mexico, Canada, or elsewhere, including cannabis authorizations from the Mexican Health Regulatory Agency (COFEPRIS) and the timing of such permits or authorizations; its ability to successfully apply for and obtain trademarks and other intellectual property in any jurisdiction; its ability to be cost competitive; its ability to commercialize, cultivate, grow, or process hemp or cannabis in Mexico, Canada, or elsewhere and related plans and timing; its ability to manufacture, commercialize or sell cannabis-infused beverages, wellness products, or other products in Mexico, Canada, or elsewhere, and its related plans and claims, including market interest and availability; its ability to create wellness products that have a therapeutic effect or benefit; plans for future growth and the direction of the business; financial projections including expected revenues, gross profits, and EBITDA (which is a non-GAAP financial measure); plans to increase product volumes, the capacity of existing facilities, supplies from third party growers and contractors; expected growth of the cannabis industry generally; management's expectations, beliefs and assumptions in general, including manufacturing costs, production activity and market potential in Mexico or any jurisdiction; events or developments that XEBRA expects to take place in the future; general economic conditions; and other risk factors described in the prospectus of the Company dated September 30, 2021. All statements, other than statements of historical facts, are forward-looking information and statements. The words 'aim', 'believe', 'expect', 'anticipate', 'contemplate', 'target', 'intends', 'continue', 'plans', 'budget', 'estimate', 'may', 'will', and similar expressions identify forward-looking information and statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by XEBRA as of the dates of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to, the inability to complete the audit on the Annual Filings due to a requirement for additional funds, the inability of XEBRA to generate sufficient revenues or to raise sufficient funds to carry out its business plan; changes in government legislation, taxation, controls, regulations and political or economic developments in various countries; risks associated with agriculture and cultivation activities generally, including inclement weather, access to supply of seeds, poor crop yields, and spoilage; compliance with import and export laws of various countries; significant fluctuations in cannabis prices and transportation costs; the risk of obtaining necessary licenses and permits; inability to identify, negotiate and complete a potential acquisition for any reason; the ability to retain key employees; dependence on third parties for services and supplies; non-performance by contractual counter-parties; general economic conditions; and the continued growth in global demand for cannabis products and the continued increase in jurisdictions legalizing cannabis; and the timely receipt of regulatory approval for license applications. In addition, there is no assurance Xebra will: be a low-cost producer or exporter; obtain a dominant market position in any jurisdiction; have products that will be unique. The foregoing list is not exhaustive and XEBRA undertakes no obligation to update or revise any of the foregoing except as required by law. Many of these uncertainties and contingencies could affect XEBRA's actual performance and cause its actual performance to differ materially from what has been expressed or implied in any forward-looking statements made by, or on behalf of, XEBRA. Readers are cautioned that forward-looking statements are not guarantees of future performance and readers should not place undue reliance on such forward-looking statements. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those set out in such statements. SOURCE: Xebra Brands Ltd press release
Associated Press
an hour ago
- Associated Press
After Nearly 30 Years of Service, Greentrike CEO to Pass the Torch
Tanya Durand, Greentrike CEO, Will Retire in February 2026. Greentrike Begins Search for Next Leader. 'It has been a true honor to serve my community through my work. As I step down, I am deeply confident in my colleagues' ability to carry Greentrike's mission forward with the same heart and vision.'— Tanya Durand, Greentrike CEO TACOMA, WA, UNITED STATES, August 16, 2025 / / -- Greentrike shared today that CEO Tanya Durand, who has served the organization for 29 years, will retire effective February 2026. Over nearly three decades, Tanya has played a transformative role in advancing Greentrike's mission to honor children and youth and champion play. Tanya will leave the organization with a legacy of excellence in early learning, groundbreaking access programs, and a focus on centering children and youth in Pierce County. Tanya first joined Greentrike in 1996, when the organization was then known as the Children's Museum of Tacoma. Her unwavering commitment to access led to the creation of Pay As You Will, the donation-only admission model first among children's museums, which has served over a million visitors since 2012. Greentrike experienced remarkable growth during Tanya's visionary tenure as CEO, expanding the Children's Museum of Tacoma to its third and largest location, creating the first children's museum for military families on Joint Base Lewis-McChord, and launching Play to Learn across Pierce County. 'It has been a true honor to serve my community through my work at Greentrike,' said CEO Tanya Durand. 'As a child, I dreamt of working at a children's museum because I wanted to bring the same joy and wonder I found on each of my visits to children in my community. I am incredibly grateful to have the opportunity to live that dream, and I'm proud of what we've accomplished together at Greentrike. As I step down, I am deeply confident in my colleagues' ability to carry Greentrike's mission forward with the same heart and vision.' The transition comes at a time of growth for Greentrike following the organization's most successful Right to Play Gala, record-breaking event attendance, and expansions in Play to Learn and the Monarch Diaper Bank. Under Tanya's leadership, the organization has built a deeply capable and dedicated team of professionals who will continue to guide day-to-day operations with care and expertise. Succession planning has been deliberate and thorough, ensuring continuity in both mission and momentum. Greentrike remains grounded in its values, and the Board of Directors is confident in the organization's ability to move forward with clarity and purpose as the search for the new CEO begins. 'We are deeply grateful to Tanya for her visionary leadership and enduring impact on the children and families in our community,' said AJ Treleven, Chair of the Board of Directors. 'Greentrike is well equipped to deliver the high-quality service and programs it has become known for. Our exceptional leadership team and the staff are poised to carry out our mission as we conduct a rigorous, thoughtful, and inclusive search for our next CEO.' The Board of Directors has partnered with a national search firm specializing in nonprofit and museum leadership to identify Greentrike's future CEO. Tanya and the current leadership team will continue guiding day-to-day operations throughout the transition. More updates will be shared as the search progresses and a successor is selected. Rolfe Bautista Greentrike email us here Visit us on social media: LinkedIn Instagram Facebook YouTube Other Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Associated Press
an hour ago
- Associated Press
Reyna Silver Receives Final Court Order for Acquisition by Torex Gold
VANCOUVER, BC AND HONG KONG, CHINA / ACCESS Newswire / August 15, 2025 / Reyna Silver Corp. ('Reyna Silver' or the 'Company') (TSXV:RSLV)(OTCQB:RSNVF)(FRA:4ZC) is pleased to announce that the Company has received a final order (the 'Final Order') from the Supreme Court of British Columbia approving the statutory plan of arrangement (the 'Transaction') with Torex Gold Resources Inc. ('Torex') (TSX:TXG). The Transaction is anticipated to be completed on Wednesday, August 20, 2025. Reyna Silver has applied to the TSX Venture Exchange (the 'Exchange') to delist its common shares form trading on the Exchange following closing of the Transaction. Reyna Silver will request that trading in its common shares be halted after market close on Tuesday, August 19, 2025. On Behalf of the Board of Directors of Reyna Silver Corp. Jorge Ramiro Monroy Chief Executive Officer For Further Information, Please Contact: Jorge Ramiro Monroy, Chief Executive Officer [email protected] +1 (852) 610-3022 About Reyna Silver Corp. Reyna Silver is a growth-oriented junior exploration and development company. Reyna Silver focuses on exploring for high-grade, district-scale silver deposits in Mexico and the United States. In Nevada USA, Reyna Silver has entered into an option to acquire 70% of the 12,058-hectare 'Gryphon Summit Project'. The Gryphon Project shows features indicating uniquely superimposed/overprinted Silver-Lead-Zinc-Copper Carbonate Replacement (CRD), Carlin Gold and Critical Metals mineralization. Also in Nevada, Reyna Silver is advancing its option to acquire 100% of the 'Medicine Springs Project' where Reyna Silver is exploring a potentially significant Silver-Lead-Zinc-Copper CRD-skarn-Porphyry system. Reyna Silver's Mexican assets are 100% owned and include the 'Guigui Project"and 'Batopilas Project', both located in Chihuahua State. The Guigui Project covers the interpreted source area for the Santa Eulalia Carbonate Replacement Deposit District and Batopilas covers most of Mexico´s historically highest-grade silver system. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statements This news release contains 'forward-looking information' and 'forward-looking statements' within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this news release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as 'plans', 'expects', 'is expected', 'budgets', 'scheduled', 'estimates', 'forecasts', 'predicts', 'projects', 'intends', 'targets', 'aims', 'anticipates' or 'believes' or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions 'may', 'could', 'should', 'would', 'might' or 'will' be taken, occur or be achieved. These forward-looking statements include, among other things, closing of the Transaction and the delisting of Reyna Silver's common shares from the Exchange. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, the Company's ability to satisfy the terms and conditions precedent of the Transaction in order to consummate the Transaction; the ability of Reyna Silver and Torex to complete the Transaction; the Company's ability to secure legal and regulatory approvals required to complete the Transaction; and the Company's ability to continue with its stated business objectives and obtain required approvals. Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: risks associated with the businesses of Torex and Reyna Silver; risks related to the satisfaction or waiver of certain conditions to closing of the Transaction; non-completion of the Transaction; the failure of the Company to obtain all court and regulatory approvals required for the Transaction; and other risk factors as detailed from time to time and additional risks identified in the Company's and Torex's filings with Canadian securities regulators on SEDAR+ in Canada (available at ). Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Neither the Company nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this news release. Neither the Company nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this news release by you or any of your representatives or for omissions from the information in this news release. SOURCE: Reyna Silver Corp. press release
