PharmAla Issues Q3 Financial Statements
'The re-opening of PharmAla's domestic Canadian distribution has allowed us to execute as much volume in Q2 and Q3 as we did in all of the last fiscal year. The creation of our Prescriber's Portal has also allowed us to build a much closer relationship with our doctor customers, which we believe will serve us well moving forward,' said Nick Kadysh, CEO, PharmAla Biotech. 'As we move into the last quarter of Fiscal '24-25, we are incredibly pleased that a large shipment of LaNeo MDMA has arrived at our US distribution partner for delivery to a considerable group of clinical trial customers, most previously announced. PharmAla is also pleased to announce the completion of a manufacturing run in Australia for our 40mg LaNeo Capsules. These capsules were jointly manufactured for both Cortexa's use within Australia and PharmAla's use worldwide, and our improved manufacturing process should yield operational benefits well into the future.'
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SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Scott Steer and his co-accused corporation faced eight charges including fishing in a closed area without a licence, selling more than $1 million worth of illegally harvested sea cucumbers and breaching an earlier order forbidding him from possessing fishing vessels. Steer's co-accused in the case was a numbered company owned by his wife, Melissa Steer, but the company was found to be a 'sham.' Undated Nanaimo RCMP handout photo of Scott Steer who has been found guilty of illegally harvesting and selling sea cucumbers. Photo by Handout / Nanaimo RCMP B.C. Supreme Court Justice David Crerar in Nanaimo said in his ruling that Steer has a 'remarkably long record' of fisheries violations and other offences dating back more than a decade, and short stints in jail have 'wholly failed to deter or rehabilitate' him. The ruling notes that Steer, who was convicted of all eight charges had 34 prior convictions from 13 cases dating back to 2008. He was also charged for illegally harvesting sea cucumbers between July 2019 and March 2020. Essential reading for hockey fans who eat, sleep, Canucks, repeat. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. In March 2020, Steer was caught illegally harvesting more than 500 kilograms of crabs in Vancouver harbour. When he refused to stop for coast guard, officials boarded his vessel at high speed where they found Steer and two associations on board with 300 crabs and four commercial crab traps. This resulted in a 2021 conviction for illegal crab fishing. His prior offences include defrauding a vessel owner, breaching conditions in a case of intimate-partner violence and various probation violations. Steer was banned from fishing for 10 years in 2013, when his wife told the court her husband's actions were 'uncharacteristic' and regrettable. He sought a more lenient sentence by claiming he'd be rehabilitated. This advertisement has not loaded yet, but your article continues below. 'The Steers' actions and ongoing breaches since that date indicate that their statements to the court were cynical self-serving falsehoods,' Crerar's ruling in the new case says. Crerar's ruling says Steer and his wife continued their illegal fishing operations even while his trial was taking place. 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Crerar gave Steer six years in prison and also fined him and his company $1.1 million 'specifically to condemn the Steers' deliberate, destructive, and dishonest actions.' In 2021, Postmedia reported on the province's attempt to seize a Gabriola Island home and more than $1.3 million in cash from Steer, saying the cash and home are proceeds of illegal fishing and money laundering. The Gabriola home, at the time, was valued at $622,000 and listed as being owned by Steer's mother in law. However, the civil forfeiture claim alleges Diane Gail Butz was a nominee owner and that Steer and his wife were the beneficial or true owners. Butz later filed a response arguing against the forfeiture of the Gabriola property and in 2022, the province discontinued the action against Butz's home. With files from Postmedia News Read More News Vancouver Whitecaps Sports Vancouver Canucks Vancouver Canucks
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