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DR PHONE FIX CHOSEN FINALIST FOR 'CANADIAN SUSTAINABLE BUSINESS OF THE YEAR' AWARD

DR PHONE FIX CHOSEN FINALIST FOR 'CANADIAN SUSTAINABLE BUSINESS OF THE YEAR' AWARD

Cision Canada27-05-2025
/NOT FOR DISTRIBUTION IN THE USA/
EDMONTON, AB, May 27, 2025 /CNW/ - Dr. Phone Fix Canada Corporation ("Dr. Phone Fix" or "Company")(TSXV: DPF) is pleased to announce it has been chosen a finalist for the 'Canadian Sustainable Business of the Year' award by a panel of judges for the Canadian SME Small Business Awards.
Finalists receive a special recognition by Canada's Minister for Small Business. The winner of the Canadian SME Small Business 'green' award will be announced at a black-tie gala on June 20 th, at the Metro Toronto Convention Centre.
Dr. Phone Fix won a silver medal for 'Sustainability Leadership in Canada and the US' in Istanbul last year where the Company was recognized alongside top organizations in Canada and the United States. Dr. Phone Fix was also chosen a finalist by the Kelowna Chamber of Commerce for its 2024 'green award'.
"Dr. Phone Fix aims to support e-waste reduction through its business operations and recycling initiatives," says Dr. Phone Fix CEO Piyush Sawhney.
The Company works in collaboration with one of Canada's top non-profit recyclers to reduce the number of mobile phones and batteries sent to landfill. Devices are processed, refurbished, updated, and tested to meet defined quality standards and then offered to customers at a reduced price point compared to new phones. Certified pre-owned phones come with the same one-year warranty manufacturers offer for new phones.
About Dr. Phone Fix
DPF is an award-winning, eco-friendly, customer-centric growth leader in Canada's cell phone and electronics repair and pre-owned resale industry. Founded in 2019, DPF operates a nationwide network of 35 corporately owned cell phone and electronics repair stores. In addition to its repair services, DPF sells certified pre-owned devices and a wide selection of accessories. DPF has well established networks to acquire and resell a wide variety of used and refurbished electronic devices from certified vendors.
Dr. Phone Fix is traded on the TSX Venture Exchange under the symbol "DPF"
For more information visit: https:// www.docphonefix.com
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
Cautionary Statement Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information can be identified by words such as: "intend", "believe", "estimate", "expect", "may", "will" and similar references to future periods. Examples of forward-looking information include, among others, the future plans of the Company, the expected trading date of the Resulting Issuer Shares on the TSXV, as well as information relating to the Company. Although the Company believes that, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks (i) that the future plans of the Company may differ from those that currently are contemplated; and (ii) that the expected trading date of the Resulting Issuer Shares may change. Additional risks include those disclosed in the Filing Statement, which are incorporated herein by reference and are available through SEDAR at www.sedar.com.
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Jones Soda Reports Second Quarter 2025 Results
Jones Soda Reports Second Quarter 2025 Results

Cision Canada

time14 minutes ago

  • Cision Canada

Jones Soda Reports Second Quarter 2025 Results

SEATTLE, Aug. 15, 2025 /CNW/ - Jones Soda Co. (CSE: JSDA) (OTCQB: JSDA) ("Jones Soda" or the "Company"), today announced its financial results for the second quarter ended June 30, 2025. Second Quarter 2025 Financial Summary vs. Year-Ago Quarter Revenue was $4.9 million compared to $6.7 million. Net income was $2.6 million, or $0.02 per share, compared to a net loss of $1.6 million, or $(0.02) per share. The increase was driven primarily by the sale of the Cannabis business as well as continued reductions in operating costs during the quarter. Adjusted EBITDA 1 was $(0.5) million compared to $(1.2) million and an improvement of $0.7 million or 56% over the prior year. Second Quarter 2025 and Recent Activity Update Announced the sale of its cannabis beverage business, including all related assets under the Mary Jones™ brand, to MJ Reg Disrupters LLC for $3 million. HD9 sales were $0.8 million representing a $0.2 million dollar increase from the second quarter of 2024. Jones will be expanding into the Club Channel in Q3 with its iconic 12oz glass bottle. Strong demand through direct to consumer from our Crayola and Fallout offerings this quarter, with a upcoming unique offering in Q4 in coordination with Bethesda and Fallout II. Announced in April that Pop Jones, is now featured in Modern Beverage POGs across over 1500 national and regional chain stores including Safeway, Albertsons, Kroger, Market Basket, HyVee Stores, and will be expanding into another major mid-west chain in Q3. Launched Jones Zero Cola in March across 10,000+ national and regional grocery stores, with plans to introduce additional zero-calorie flavors and Jones Zero Root Beer, later in 2025. _____________________________ 1 Adjusted EBITDA is defined as net income (loss) from operations before interest expense, interest income, taxes, depreciation, amortization and stock-based compensation and is a non-GAAP measure (reconciliation provided below). Management Commentary "In the second quarter of 2025, we built on the solid foundation laid in the first quarter, making meaningful strides in our strategic turnaround and are maintaining strong early momentum," said Scott Harvey, CEO of Jones Soda. "Most significantly, the second quarter marked a return to positive net income of $2.6 million, primarily driven by the gain on the sale of our Cannabis business. While this milestone highlights the immediate financial benefit of the divestiture, it also reflects our team's continued focus on operating efficiently and managing expenses effectively. This strategic portfolio refinement has streamlined operations and sharpened our focus, enabling us to dedicate our full attention to strengthening and growing our core beverage business." "With a disciplined cost structure and clear operational levers, we are prioritizing driving top-line growth across our three main categories: core soda, modern soda, and adult beverages. Our priority remains accelerating sales through strategic partnerships while continuing to strengthen relationships with our suppliers to capture market opportunities in all channels. Overall, Jones is well-positioned to capitalize on growth opportunities in the soda and beverage market as we continue refine our brand, optimize operations, and advance our strategic sales initiatives." Second Quarter 2025 Financial Results Revenue in the second quarter of 2025 was $4.9 million compared to $6.7 million in the prior year period. This included $0.8 million from sales of its HD9 products, compared to $0.6 in the second quarter of 2024. The decline in revenue was primarily attributable to a large one-time pipeline fill in the second quarter of 2024. This was partially offset by growth in, direct to consumer, food service, convenience stores and HD9 products. Gross profit for the second quarter of 2025 was $1.6 million compared to $2.3 million in the year-ago period. The decline was primarily driven by the lower sales revenue. Total operating expenses in the second quarter of 2025 were $2.4 million compared to $4.0 million in the year-ago period. The decrease was primarily driven by the continued cost management and supply chain optimization efforts. Net income increased to $2.6 million, or $0.02 per share, compared to a net loss of $1.6 million, or $(0.02) per share. The increase in net income was primarily driven by the gain on sale of its Cannabis businesses as well as the decreases in selling and marketing expenses and general and administrative expenses. Adjusted EBITDA 2 was $(0.5) million compared to $(1.2) million and an improvement of $0.7 million or 56% over the prior year. Conference Call Jones Soda will hold a conference call today at 8:30 a.m. Eastern time to discuss its results for the second quarter ended June 30, 2025. Date: Friday, August 15, 2025 Time: 8:30 a.m. Eastern time (5:30 a.m. Pacific time) Toll-free dial-in number: 1-877-407-0784 International dial-in number: 1-201-689-8560 Conference ID: 13755191 Please call the conference telephone number five minutes before the start time. An operator will register your name and organization. If you have any difficulty connecting to the call, please contact Gateway Group at 1-949-574-3860. The conference call will be broadcast live and available for replay here and via the investor relations section of the Company's website at A telephonic replay of the conference call will be available after 12:30 p.m. Eastern time on the same day through August 29, 2025. Toll-free replay number: 1-844-512-2921 International replay number: 1-412-317-6671 Replay ID: 13755191 Presentation of Non-GAAP Information This press release contains disclosure of the Company's Adjusted EBITDA which is not a United States Generally Accepted Accounting Principle ("GAAP") financial measure. The difference between Adjusted EBITDA (a non-GAAP measure) and Net Loss (the most comparable GAAP financial measure) is the exclusion of interest expense and income, income tax expense, depreciation and amortization expense and stock-based compensation. We have included a reconciliation of Adjusted EBITDA to Net Loss under "Jones Soda Co. Non-GAAP Reconciliation" at the end of this press release. This non-GAAP measure should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP. Adjusted EBITDA has certain limitations in that it does not take into account the impact of certain expenses to our consolidated statements of operations. In addition, because Adjusted EBITDA may not be calculated identically by all companies, the presentation here may not be comparable to other similarly titled measures of other companies. We believe that Adjusted EBITDA provides useful information to investors about the Company's results attributable to operations, in particular by eliminating the impact of non-cash charges related to stock-based compensation, amortization and depreciation that is consistent with the manner in which management evaluates the Company's performance. These adjustments to the Company's GAAP results are made with the intent of providing a more complete understanding of the Company's underlying operational results and provide supplemental information regarding the Company's current ability to generate cash flow. Adjusted EBITDA is not intended to be considered in isolation or as a replacement for, or superior to Net Loss as an indicator of the Company's operating performance, or cash flow, as a measure of its liquidity. Adjusted EBITDA should be reviewed in conjunction with Net Loss as calculated in accordance with GAAP. About Jones Soda Co. Jones Soda Co. ® (CSE: JSDA, OTCQB: JSDA) is a leading craft soda manufacturer with a subsidiary dedicated to cannabis products. The company markets and distributes premium craft sodas under the Jones ® Soda brand, and a variety of cannabis products under the Mary Jones brand. Jones' mainstream soda line is sold across North America in glass bottles, cans and on fountain through traditional beverage outlets, restaurants and alternative accounts. The company is headquartered in Seattle, Washington. For more information, visit or Forward-Looking Statements Disclosure Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all passages containing words such as "will," "aims," "anticipates," "becoming," "believes," "continue," "estimates," "expects," "future," "intends," "plans," "predicts," "projects," "targets," or "upcoming." Forward-looking statements also include any other passages that are primarily relevant to expected future events or that can only be evaluated by events that will occur in the future. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Factors that could affect the Company's actual results, including its financial condition and results of operations, include, among others: its ability to successfully execute on its growth strategies and operating plans for the future;; the Company's ability to continue to develop and market THC/CBD-infused and/or cannabis-infused beverages and edibles, and comply with the laws and regulations governing cannabis, hemp or related products, and the timing and costs of the development of these new product lines; the Company's ability to manage operating expenses and generate sufficient cash flow from operations; the Company's ability to create and maintain brand name recognition and acceptance of its products; the Company's ability to adapt and execute its marketing strategies; the Company's ability to compete successfully against much larger, well-funded, established companies currently operating in the beverage industry generally and in the craft beverage segment specifically; the Company's ability to respond to changes in the consumer beverage marketplace, including potential reduced consumer demand due to health concerns (including obesity) and legislative initiatives against sweetened beverages (including the imposition of taxes); its ability to develop and launch new products and to maintain brand image and product quality; the Company's ability to maintain and expand distribution arrangements with distributors, independent accounts, retailers or national retail accounts; its ability to manage inventory levels and maintain relationships with manufacturers of its products; its ability to maintain a consistent and cost-effective supply of raw materials and flavors and to manage factors affecting its supply chain; its ability to attract, retain and motivate key personnel; its ability to protect its intellectual property; the impact of future litigation and the Company's ability to comply with applicable regulations; its ability to maintain an effective information technology infrastructure, fluctuations in freight and fuel costs; the impact of currency rate fluctuations; its ability to access the capital markets for any future equity financing; the Company's ability to maintain disclosure controls and procedures and internal control over financial reporting; dilutive and other adverse effects from future potential securities issuances; and any actual or perceived limitations by being traded on the OTCQB Marketplace. More information about factors that potentially could affect the Company's operations or financial results is included in its most recent annual report on Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission ("SEC") on April 1, 2024 and in the other reports filed with the SEC since that that date. Readers are cautioned not to place undue reliance upon these forward-looking statements that speak only as to the date of this release. Except as required by law, the Company undertakes no obligation to update any forward-looking or other statements in this press release, whether as a result of new information, future events or otherwise. June 30, 2025 December 31, 2024 ASSETS Current assets: Cash $ 650 $ 1,275 Accounts receivable, net of allowance of $31 and $77, respectively 2,782 1,858 Current note receivable 886 - Current licensing fees receivable 150 - Inventories, net 3,271 3,364 Prefunded insurance premiums from financing 111 199 Prepaid expenses and other current assets 1,370 614 Current assets of discontinued operations - 1,070 Total current assets 9,220 8,380 Long-term note receivable 1,096 - Long-term licensing fees receivable 1,551 - Fixed assets, net of accumulated depreciation of $452 and $422, respectively 74 108 Non-current assets of discontinued operations - 35 Total assets $ 11,941 $ 8,523 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 4,686 $ 3,279 Accrued expenses 1,629 2,464 Revolving credit facility 916 291 Insurance premium financing 58 199 Promissory notes 313 - Current liabilities of discontinued operations - 134 Total current liabilities 7,602 6,367 Total liabilities 7,602 6,367 Commitments and contingencies (Note 11) Shareholders' equity: Common stock, no par value: Authorized — 800,000,000 issued and outstanding shares — 116,567,152 shares and 115,867,659 shares, respectively 95,221 94,883 Common stock, no par value Authorized — 800,000,000 issued and oustanding shares —116,564,720 shares and 115,865,227 shares,respectively 95,221 94,883 Accumulated other comprehensive income 308 222 Accumulated deficit (91,190) (92,949) Total shareholders' equity 4,339 2,156 Total liabilities and shareholders' equity $ 11,941 $ 8,523 JONES SODA CO. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except share and per share data) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net Revenue $ 4,894 $ 6,659 $ 9,124 $ 11,240 Cost of goods sold (3,266) (4,396) (6,101) (7,363) Gross profit 1,628 2,263 3,023 3,877 Operating expenses: Selling and marketing 1,060 1,685 2,173 3,109 General and administrative 1,328 2,289 2,531 3,757 Total operating expenses (2,388) (3,974) (4,704) (6,866) Loss from operations (760) (1,711) (1,681) (2,989) Other income (expenses): Interest income 5 - 6 6 Interest expense (70) 1 (148) (7) Other (expense) income, net (179) 24 (273) 18 Gain on disposition of subsidiaries 3,663 - 3,663 - Total other income 3,419 25 3,248 17 Income (loss) before income taxes 2,659 (1,686) 1,567 (2,972) Income tax expense, net (7) (11) (7) (21) Net income (loss) from continuing operations 2,652 (1,697) 1,560 (2,993) Loss (income) from discontinued operations (41) 129 199 273 Net income (loss) $ 2,611 $ (1,568) $ 1,759 $ (2,720) Earning (loss) per share – basic and diluted Income (loss) from continuing operations $ 0.02 $ (0.02) $ 0.01 $ (0.03) Income from discontinued operations $ 0.00 $ 0.00 $ 0.01 $ 0.00 Total $ 0.02 $ (0.02) $ 0.02 $ (0.03) Weighted average common shares outstanding - basic and diluted 116,180,383 102,256,899 116,023,676 101,867,317 JONES SODA CO. NON-GAAP RECONCILIATION (Unaudited, in thousands) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 GAAP net income (loss) from continuing operations 2,652 (1,697) 1,560 (2,993) Stock-based compensation 287 619 Finance costs 70 (1) 148 7 Depreciation 30 27 Income tax expenses 7 11 7 21 Gain on disposition of subsidiaries (3,663) - (3,663) - Others 179 (24) 273 (18) Non-GAAP Adjusted EBITDA (542) (1,238) (1,358) (2,337) SOURCE Jones Soda Co.

Pasofino Gold Presents in Red Cloud's Virtual Webinar Series
Pasofino Gold Presents in Red Cloud's Virtual Webinar Series

Globe and Mail

time14 minutes ago

  • Globe and Mail

Pasofino Gold Presents in Red Cloud's Virtual Webinar Series

Toronto, Ontario--(Newsfile Corp. - August 15, 2025) - Pasofino Gold (TSXV: VEIN) is pleased to announce that the company is presenting a live virtual corporate update hosted by Red Cloud Financial Services on August 15th, 2025 at 3:00 PM ET. We invite our shareholders, and all interested parties to register for the webinar and participate in the live Q&A session at the end of the presentation moderated by Red Cloud. The replay will be emailed out to all webinar registrants proceeding the event and will also be available on the Red Cloud website. For more information and to register: Pasofino Gold Limited is a Canadian-based mineral exploration company listed on the Toronto Venture Exchange under (TSXV: VEIN), and owns 100% of the Dugbe Gold Project in Liberia. The company is focused on updating the 2022 feasibility study in 2026; organizing project financing and making a construction decision and project financing in H1, 2026. Pasofino's major shareholder is Mansa Resources Inc., a division of Nioko Resources Corporation, a division of Coris Bank, and Coris Invest Group, and (collectively) they are committed to financing and developing the Dugbe project through to commercial production as timely and efficiently as possible. Commodities to be covered: Gold About Pasofino Gold Pasofino Gold Limited is a Canadian-based mineral exploration company listed on the TSX Venture Exchange (VEIN). Pasofino, through its wholly-owned subsidiary, owns 100% of the Dugbe Gold Project (prior to the issuance of the Government of Liberia's 10% carried interest). About Red Cloud Financial Services Inc. Red Cloud Financial Services Inc. is a globally focused capital markets advisory firm that provides a full range of executive strategy, media, marketing, and corporate access services. Our breadth of services combines with our significant knowledge of the junior mining industry combine for unique product offering. The company was founded by capital markets professionals with extensive experience in the junior mining industry. For further information: Pasofino Gold Brett Richards, CEO & Executive Director 905.449.1500 contact@ For additional information contact marketing@ or visit:

Desert gold rush: SKRR's RTO unlocks Saudi mining potential
Desert gold rush: SKRR's RTO unlocks Saudi mining potential

The Market Online

time35 minutes ago

  • The Market Online

Desert gold rush: SKRR's RTO unlocks Saudi mining potential

SKRR Exploration Inc. (TSXV:SKRR), a Canadian junior mining company historically focused on Saskatchewan's mineral-rich Trans-Hudson Corridor, has announced a transformative reverse takeover (RTO) of Kenz Global Resources Ltd., a private company with significant exploration assets in Saudi Arabia. In a media statement, the team explained that this deal marks a bold pivot for SKRR, positioning it at the forefront of one of the world's most rapidly evolving mining jurisdictions. The deal at a glance Key asset : 63 per cent interest in the AM ARTI Gold Project (99 km²) in Saudi Arabia : 63 per cent interest in the AM ARTI Gold Project (99 km²) in Saudi Arabia Ownership structure : ~75 per cent Kenz shareholders / ~25 per cent SKRR shareholders : ~75 per cent Kenz shareholders / ~25 per cent SKRR shareholders Bridge financing : Up to $400,000 to support pre-closing operations : Up to $400,000 to support pre-closing operations Pending approvals: TSX Venture approval, NI 43-101 technical report, definitive agreement Why this matters Saudi Arabia is undergoing a mining renaissance. With an estimated $2.5 trillion in untapped mineral wealth, the Kingdom is aggressively courting foreign investment through policy reform, infrastructure development, and direct financial incentives. Over $32 billion has already been invested in mining infrastructure, and foreign companies now enjoy full ownership rights, tax breaks, and expedited licensing. The AM ARTI Gold Project, located in the Afif Terrane along the Nabitah Suture Zone of the Arabian Shield, is a geologically promising site with strong government alignment. SKRR's acquisition of Kenz Global grants it immediate access to this strategic asset, along with several other exploration blocks operated by Kenz's Saudi subsidiary. Who is Kenz Global Resources? Founded in 2019 and based in Vancouver, Kenz Global operates through its Saudi subsidiary, Kenz Global Resources Limited. The company holds a majority interest in the AM ARTI Project and manages multiple exploration licenses across Saudi Arabia. Kenz currently has 33,740,702 common shares outstanding and is expected to undergo a share consolidation prior to the transaction's completion. Strategic implications This RTO is more than a corporate restructuring—it's a strategic repositioning. By rebranding as Saudi Minerals Company, SKRR signals a full commitment to Saudi Arabia's Vision 2030, which aims to increase the mining sector's GDP contribution from $17 billion in 2024 to $75 billion by 2030. The Kingdom is not just permitting exploration; it's actively enabling it. For SKRR, this move offers: Geopolitical leverage : Direct exposure to a Tier 1 jurisdiction with strong government backing : Direct exposure to a Tier 1 jurisdiction with strong government backing Operational advantage : Permitted assets and local presence via Kenz's Saudi subsidiary : Permitted assets and local presence via Kenz's Saudi subsidiary Growth potential: Access to a rapidly expanding market with streamlined permitting and ESG support While the upside is compelling, investors should remain vigilant. Key risks include: Regulatory approval : TSXV's timeline and conditions for approval : TSXV's timeline and conditions for approval Liquidity management : Execution of bridge financing and operational funding : Execution of bridge financing and operational funding Geopolitical dynamics: Navigating Saudi Arabia's evolving regulatory and political landscape Investor outlook If successful, this transaction could position SKRR—soon to be Saudi Minerals Company—as one of the few Canadian juniors with direct access to Saudi Arabia's mining sector. For investors seeking early-stage exposure to a high-growth, low-risk jurisdiction, this deal offers asymmetric potential. As the market awaits the finalization of the definitive agreement and technical reporting, SKRR's pivot represents a high-stakes bet on a region that's out to rewrite the global mining playbook. Join the discussion: Find out what the Bullboards are saying about SKRR's rebranding and check out Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here .

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