Spirit Blockchain Capital Inc. Files 2024 Audited Financial Statements and Provides Corporate Update
By GlobeNewswire Published on May 1, 2025, 08:17 IST
Vancouver, BC, April 30, 2025 (GLOBE NEWSWIRE) — Spirit Blockchain Capital Inc. (CSE: SPIR / OTCQB: SBLCF) ('Spirit' or the 'Company') announces that it has filed its audited financial statements and related management's discussion and analysis ('MD&A') for the fiscal year ended December 31, 2024.
The audited financial statements have been prepared in accordance with International Financial Reporting Standards ('IFRS') and were audited by SCRO, Chartered Professional Accountants. As part of the audit, the independent auditor's report includes an emphasis of matter regarding material uncertainties related to the Company's ability to continue as a going concern.
The filings were made in accordance with the continuous disclosure requirements of the Canadian Securities Exchange ('CSE') and applicable securities legislation. Spirit remains current with all regulatory filings.
Copies of the 2024 audited financial statements and MD&A are available under the Company's profile on www.sedarplus.ca and on the Company's website at www.spiritblockchain.com .
Corporate Update
As Spirit moves into the next phase of its corporate development, the Company's focus remains on strengthening its operational platform and prioritizing initiatives aimed at revenue generation. Management continues to evaluate opportunities to leverage Spirit's existing investments and blockchain expertise to support long-term growth.
About Spirit Blockchain Capital Inc.
Spirit Blockchain Capital Inc. is a growth-oriented investment company focused on the blockchain technology sector. With a diversified portfolio approach, the Company invests in blockchain infrastructure, cryptocurrencies, mining operations, and emerging blockchain technologies. Spirit aims to create shareholder value through strategic investments in a rapidly expanding digital asset landscape.
Investor Relations Contact:
Lewis Bateman Chief Executive Officer
[email protected]
Visit: www.spiritblockchain.com
Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words 'expect', 'anticipate', 'continue', 'estimate', 'objective', 'may', 'will', 'project', 'should', 'believe', 'plans', 'intends' and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.
Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Factors that could materially affect such forward-looking information are described under the heading 'Risk Factors' in the Company's long-form prospectus dated August 8, 2022, that is available on the Company's profile on SEDAR+ at www.sedarplus.ca . The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents managements' 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.
The Canadian Securities Exchange has not reviewed, approved, or disapproved the content of this news release.
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
18 minutes ago
- Yahoo
NETWORK MEDIA GROUP ANNOUNCES CHANGE TO CFO
VANCOUVER, BC, June 2, 2025 /CNW/ - Network Media Group Inc. (TSXV: NTE) (OTC: NETWF) ("Network" or the "Company") today reported the resignation of Darren Battersby as the Company's CFO. Mr. Battersby was appointed as Network's CFO in October 2014 and has served in such capacity since that time. Network CEO, Derik Murray, stated: "On behalf of Network's board of directors, I would like to thank Darren for his significant contributions throughout his tenure at the Company, and we wish him the best in his future endeavours." Mr. Battersby added: "I have greatly enjoyed the opportunity to work with the talented team at Network over the last decade and wish them much success moving forward." The Company is currently actively reviewing candidates for the CFO position. About Network Media Group / Network Entertainment Network Media Group is the parent company of Network Entertainment Inc. Network Entertainment is a creatively driven, boutique film, television, and digital content production company that creates, finances and produces award-winning programming for television, digital platforms, and movie audiences around the world. The Network premium brand of content delivers world-class casts and features visually cinematic, richly crafted storytelling. The Company's productions are consistently embraced by both audiences and critics alike, garnering awards, record ratings, and unparalleled media coverage for Network and its partners. For additional information, visit: 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. Cautionary Statement on Non-IFRS Financial Measures and Forward-looking Information In addition to results reported in accordance with IFRS, this news release refers to certain non-IFRS financial measures as supplemental indicators of the Company's financial and operating performance. These non-IFRS financial measures include EBITDA, Adjusted EBITDA and Future Contracted Production Revenue (commonly referred to as backlog). The Company believes these supplemental financial measures reflect the Company's on-going business in a manner that assist the reader's meaningful period-to-period comparisons and analysis of trends in its business. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. These statements are necessarily based upon management's perceptions, beliefs, assumptions and expectations, as well as a number of specific factors and assumptions that, while considered reasonable by management of the Company as of the date of such statements are inherently subject to significant uncertainties and contingencies that could result in the forward-looking information ultimately, perhaps materially, being incorrect. All forward-looking information in this news release involve known and unknown risks, uncertainties and other factors that are beyond the control of the Company and may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. SOURCE Network Media Group Inc. View original content: Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
38 minutes ago
- Yahoo
SIMPLY SOLVENTLESS FILES 2024 ANNUAL FINANCIALS AND PROVIDES UPDATES ON TIMING OF FILING Q1 2025 FINANCIALS AND MANAGEMENT CEASE TRADE ORDER
/Not for distribution to U.S. news wire services or for dissemination in the United States./ CALGARY, AB, June 2, 2025 /CNW/ - Simply Solventless Concentrates Ltd. (TSXV: HASH) ("SSC") announces that it has filed its annual audited financial statements and management's discussion and analysis for the year ended December 31, 2024 ("Annual Financials") on the Company's SEDAR+ profile at SSC also announces that due to delays incurred with filing these annual financial statements, the Company anticipates filing its first quarter results for the three months ended March 31, 2025 on or before June 20, 2025 pursuant to an extension from the Alberta Securities Commission (the "ASC"), the Company's principal regulator, of its previously announced management cease trade order ("MCTO") under National Policy 12-203 – Management Cease Trade Orders ("NP 12-203") initially approved on May 5, 2025, and subsequently updated by SSC through press releases issued on April 30, 2025, May 14, 2025, and May 20, 2025. 2024 Highlights SSC achieved major milestones during 2024, including: SSC completed three acquisitions, including 1) the Lamplighter brand, 2) licenced producer CannMart Inc., and 3) leading preroll co-manufacturer ANC Inc. These three acquisitions buttressed SSC's infrastructure significantly, which is now comprised of strong extraction, formulation, prerolling, and cultivation abilities, providing a solid foundation for future growth. SSC closed two over subscribed non-brokered financings for total gross proceeds of $4.7 million, and $7.8 million was raised from the exercise of warrants. SSC significantly strengthened its team, which is now comprised of talented professionals across all disciplines. SSC's ability to attract top talent is stronger now than ever. Subsequent to December 31, 2024, SSC closed the acquisition of Delta 9 Bio-Tech and re-branded the operation to Humble Grow Co. ("Humble"), a licensed producer operating a 100,000 square foot cultivation facility in Winnipeg, Manitoba, and concurrently closed a non-brokered $6.0 million over subscribed convertible debenture offering. The acquisition of Humble vertically integrated SSC's operations upstream to include cultivation in a market where the demand for cannabis flower appears to be transitioning back into expansion mode. 2024 was a transformative year for SSC, and with a portfolio of assets providing manufacturing capability across the largest product categories, and the proven ability to close accretive acquisitions in a distressed market and industry, and to attract top talent, the Company is positioned for significant growth through 2025. 2024 Financial Highlights 2024 Gross Revenue: the Company generated gross revenue of $20,498,204 (2023 - $6,973,401), increase of 194% over the prior year. 2024 Net Revenue: the Company generated net revenue of $13,679,144 (2023 - $6,191,646), increase of 121% over the prior year. 2024 Gross Profit ($): the Company generated a gross profit of $1,181,189 (2023 - $3,497,279), a decrease of 66% over the prior year 2024 Adjusted EBITDA: the Company generated an adjusted EBITDA loss of $3,803,445 (2023 - $2,246,926), a decrease of 269% over prior period December 31, 2024 Working Capital: $1,626,131 (2023 - $3,693,879), a decrease of 56% over the prior year. SSC's gross revenue increased by approximately 194% from $7.0 million in 2023 to $20.5 million in 2024 due to its aggressive organic and acquisition based growth. During 2024, SSC's total assets increased 278% from $10.2 million at December 31, 2023 to $38.6 million at December 31, 2024. This increase in assets is primarily due to SSC closing several high-impact acquisitions during 2024. Subsequent to the year end, further substantial assets were added through the Humble acquisition that closed on February 28, 2025 (refer to Note 24 – Subsequent Events in the Annual Financial for further details.) Jeff Swainson, SSC's President & CEO stated: "All things being equal, it is SSC's view that the non-cash changes to accounting treatment will positively impact future revenue, profitability, and cash flow. Gross margins remain strong, and the size and capability of our asset base improved significantly during 2024. We look forward to filing our Q1 2025 financial statements as soon as possible, and as we proceed through 2025, we are focused intently on maximizing cash flow from operations and on strengthening our balance sheet. We believe that SSC's positioning today is stronger than ever before, and that the continued execution of our highly impactful business plan is capable of delivering strong value to shareholders." Q1 2025 Financials As announced on April 30, 2025, and further discussed in news releases dated May 14, 2025, and May 20, 2025, a MCTO was issued by the Company's principal regulator, the ASC on May 5, 2025 to accommodate additional time required to file the Company's Annual Financials. The ASC has approved a further extension of the MCTO to June 20, 2025 to provide the Company with adequate time to prepare the Q1, 2025 financial results due to the delays incurred in filing the Annual Financials. Pursuant to the MCTO, management of the Company may not trade in securities of the Company until such time as the Company files the March 31, 2025 financial statements and the MCTO is revoked. The MCTO does not affect the ability of other shareholders of the Company to trade in securities of the Company. The Company confirms that it will satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing biweekly default status reports in the form of news releases for so long as it remains in default of the above-noted filing requirements. The Company confirms that (a) there have been no failures by the Company to fulfill its stated intentions with respect to satisfying the provisions of the alternative reporting guidelines under NP 12-203; (b) there has not been, nor is there anticipated to be, any specified default subsequent to the default which is the subject of the default announcement; and (c) there is no other material information concerning the affairs of the Company that has not been generally disclosed. The Company will issue required bi-weekly updated regarding the MCTO until it is revoked. About Simply Solventless Concentrates Ltd. SSC is a public company incorporated under the Business Corporations Act (Alberta). SSC's mission is to provide pure, potent, terpene-rich ready to consume cannabis products to discerning cannabis consumers. For more information regarding SSC, please see Notice on Forward Looking Information This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends", "expects", "projected", "approximately" and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward looking statements concerning the release date of its March 31, 2024 quarterly financials, SSC's ability to attract talent, SSC's foundation for future growth, SSC's future revenue, profitability, and cash flow, and strengthening SSC's balance sheet. SSC cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of SSC, including expectations and assumptions concerning SSC, the timing and market acceptance of products, competition in SSC's markets, SSC's reliance on customers, fluctuations in interest rates, SSC's ability to maintain good relations with its customers, employees and other stakeholders, changes in law or regulations, SSC's ability to protect its intellectual property, as well as other risks and uncertainties, including those described in SSC's filings available on SEDAR+ at including its most recent annual information form. The reader is cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of SSC. The reader is cautioned not to place undue reliance on any forward-looking statements. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date of this press release, and SSC does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction. Neither 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 Simply Solventless Concentrates Ltd. View original content to download multimedia:
Yahoo
an hour ago
- Yahoo
NUTEX HEALTH ANNOUNCES INTERNET AVAILABILITY OF PROXY MATERIALS FOR ITS 2025 ANNUAL MEETING
HOUSTON, June 2, 2025 /PRNewswire/ -- Nutex Health Inc. ("Nutex Health" or the "Company") (NASDAQ: NUTX), a physician-led, integrated healthcare delivery system comprised of 24 state-of-the-art micro hospitals and hospital outpatient departments (HOPDs) in 11 states and primary care-centric, risk-bearing physician networks, today announced the availability of its definitive proxy materials for its 2025 annual meeting to be held on July 14, 2025 at 10:00 am Central Time via the internet as a virtual meeting only (and not in person) at We look forward to hosting you at our virtual shareholder meeting and encourage you to participate and vote. Commencing June 2, 2025, we are mailing the Notice of Internet Availability of Proxy Materials, as specified below. For its 2025 Annual Meeting, the Company has chosen to use the "notice only" option for the delivery of proxy materials. This means that at least 40 days before the annual meeting date, we are mailing the notice to you or your bank, broker, trustee or other intermediary and then your bank, broker, trustee or other intermediary will mail to you such "Notice Regarding the Availability of Proxy Materials." The notice contains important information about accessing the annual meeting proxy materials and voting your shares. The Company's stockholders will not receive a paper set of annual meeting proxy materials, unless they request the proxy materials in paper form using the instructions printed on the notice. Stockholders may view our definitive proxy statement dated June 2, 2025 and our Form 10-K online OR may receive a free paper or email copy of the material(s) by following the instructions in their notice. As specified in the notice, if a stockholder of the Company would like to request a copy of the material(s) for the Company's 2025 Annual Meeting, the stockholder may (1) visit (2) call 1-800-579-1639 or (3) send an email to sendmaterial@ If sending an email, the stockholder must include the control number that is indicated in the notice in the subject line. About Nutex Health Inc. Headquartered in Houston, Texas and founded in 2011, Nutex Health Inc. (NASDAQ: NUTX) is a healthcare management and operations company with two divisions: a Hospital Division and a Population Health Management Division. The Hospital Division owns, develops and operates innovative health care models, including micro-hospitals, specialty hospitals, and hospital outpatient departments (HOPDs). This division owns and operates 24 facilities in 11 states. The Population Health Management division owns and operates provider networks such as Independent Physician Associations (IPAs). Through our Management Services Organization (MSO), we provide management, administrative and other support services to our affiliated hospitals and physician groups. Forward-Looking Statements Certain statements and information included in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. When used in this press release, the words or phrases "will", "will likely result," "expected to," "will continue," "anticipated," "estimate," "projected," "intend," "goal," or similar expressions are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks, known and unknown, and uncertainties, many of which are beyond the control of the Company. Such uncertainties and risks include, but are not limited to, our ability to successfully execute our growth strategy, changes in laws or regulations, including the interim final and final rules implemented under the No Surprises Act, economic conditions, dependence on management, dilution to stockholders, lack of capital, the effects of rapid growth upon the Company and the ability of management to effectively respond to the growth and demand for products and services of the Company, newly developing technologies, the Company's ability to compete, conflicts of interest in related party transactions, regulatory matters, protection of technology, lack of industry standards, the effects of competition and the ability of the Company to obtain future financing. An extensive list of factors that can affect future results are discussed in the Annual Report on Form 10-K for the year ended December 31, 2024, and subsequent Quarterly Report on Form 10-Q for the three months ended March 31, 2025 under the heading "Risk Factors" in Part II, Item IA thereof, and other documents filed from time to time with the Securities and Exchange Commission. Such factors could materially adversely affect the Company's financial performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed within this press release. View original content: SOURCE Nutex Health, Inc. Sign in to access your portfolio
