Latest news with #Aventura
Yahoo
3 days ago
- Business
- Yahoo
CIBC donates $150,000 to support communities impacted by wildfires in Alberta, Manitoba and Saskatchewan
TORONTO, May 30, 2025 /CNW/ - CIBC announced today that CIBC Foundation will be donating $50,000 each from its Alberta Emergency Relief Fund, Manitoba Emergency Relief Fund and Saskatchewan Emergency Relief Fund to provide support to those affected by the wildfires and evacuation efforts across impacted areas. Furthermore, donations received through these funds will be used to provide continued assistance to local organizations to promote relief and restoration efforts in the future. "CIBC stands with our clients, our team and communities to support the evacuation and relief efforts in Alberta, Manitoba and Saskatchewan due to these destructive wildfires," said Heather Wagner, Senior Vice-President and Region Head for Central Canada, CIBC. "During this difficult time, our thoughts are with everyone who has been impacted." In addition, for clients who are impacted across these provinces, CIBC is providing the following financial relief, advice, and support: Re-amortizing mortgages to lower payments Special payment arrangements and deferrals on loans and lines of credit Conversion of Aventura® points into cash payment for applicable credit cards Debt consolidation for more manageable payments To support those affected by the wildfires, donations can be made through the CIBC Foundation Alberta Emergency Relief Fund, the CIBC Foundation Manitoba Emergency Relief Fund and the CIBC Foundation Saskatchewan Emergency Relief Fund. About CIBC CIBC is a leading North American financial institution with 14 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at SOURCE CIBC View original content to download multimedia:
Cision Canada
3 days ago
- Business
- Cision Canada
CIBC donates $150,000 to support communities impacted by wildfires in Alberta, Manitoba and Saskatchewan
TORONTO, May 30, 2025 /CNW/ - CIBC announced today that CIBC Foundation will be donating $50,000 each from its Alberta Emergency Relief Fund, Manitoba Emergency Relief Fund and Saskatchewan Emergency Relief Fund to provide support to those affected by the wildfires and evacuation efforts across impacted areas. Furthermore, donations received through these funds will be used to provide continued assistance to local organizations to promote relief and restoration efforts in the future. "CIBC stands with our clients, our team and communities to support the evacuation and relief efforts in Alberta, Manitoba and Saskatchewan due to these destructive wildfires," said Heather Wagner, Senior Vice-President and Region Head for Central Canada, CIBC. "During this difficult time, our thoughts are with everyone who has been impacted." In addition, for clients who are impacted across these provinces, CIBC is providing the following financial relief, advice, and support: Re-amortizing mortgages to lower payments Special payment arrangements and deferrals on loans and lines of credit Conversion of Aventura® points into cash payment for applicable credit cards Debt consolidation for more manageable payments To support those affected by the wildfires, donations can be made through the CIBC Foundation Alberta Emergency Relief Fund, the CIBC Foundation Manitoba Emergency Relief Fund and the CIBC Foundation Saskatchewan Emergency Relief Fund.
Yahoo
4 days ago
- Business
- Yahoo
FLUENT Corp (CNTMF) Q1 2025 Earnings Call Highlights: Revenue Growth Amid Market Challenges
Release Date: May 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Revenue increased by 5.9% year over year to $26.8 million, despite challenges in the core Florida market. The company's cash position improved significantly, rising to $30.7 million from $8.5 million a year ago, providing strong financial flexibility. Completion of the Rosa cultivation facility in Tampa, with the first harvest expected in August 2025, indicating operational progress. Launch of two new whole flower brands, NAC and Bago, reflecting product diversification and refinement of quality standards. Significant operational improvements in New York, including cost reductions and increased output at the Chestertown facility. The Florida market experienced revenue decline, with sales dropping from $21.1 million to $19.2 million year over year. Adjusted gross profit margin decreased slightly from 48.6% to 46.8%, indicating pressure on profitability. Cash flow used in operations was $1.5 million, a decline from $4.1 million generated in the same period last year. The company faces ongoing challenges with price compression and market saturation in its core Florida market. Regulatory and macroeconomic uncertainties persist, impacting the company's ability to predict future market conditions. Warning! GuruFocus has detected 6 Warning Signs with CNTMF. Q: Can you provide an overview of Fluent Corp's financial performance for the first quarter of 2025? A: Robert Beasley, CEO, reported that the company's revenue for Q1 2025 was $26.8 million, marking a 5.9% increase year over year. Adjusted EBITDA was $3.5 million, reflecting investments in New York and market challenges in Florida. The cash position improved significantly to $30.7 million, up from $8.5 million the previous year. Q: What are the operational highlights for Fluent Corp in Florida? A: Robert Beasley, CEO, mentioned the completion of the Rosa cultivation facility in Tampa, with the first harvest expected in August 2025. The North Miami Beach dispensary was relocated to Aventura to enhance patient experience and profitability. Two new whole flower brands, NAC and Bago, were launched, along with a single-serve edible product. Q: How is Fluent Corp progressing in New York? A: Robert Beasley, CEO, highlighted improvements at the Chestertown facility, including cost reductions and increased output. The Buffalo cultivation facility is nearing completion, with the first harvest anticipated by Q4 2025. The NAC product line was expanded to include pre-rolls, with infused pre-rolls expected soon. Q: What are the developments in Texas and Pennsylvania for Fluent Corp? A: Robert Beasley, CEO, stated that the company is monitoring House Bill 46 in Texas and is ready for expansion. The Houston Education and Pickup Center is expected to open in Q3 2025. In Pennsylvania, Fluent Corp is tracking legislative developments for adult use legislation and is looking for growth opportunities. Q: Can you summarize the financial highlights presented by the CFO? A: Patricia Fonseca, CFO, reported total revenue of $26.7 million for the quarter, up from $25.2 million the previous year. Adjusted gross profit was $12.5 million, representing 46.8% of revenue. Cash flow used in operations was $1.5 million, with the company holding $3.7 million in cash and cash equivalents as of March 31, 2025. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Associated Press
18-05-2025
- Business
- Associated Press
Lifeline BioTechnologies Signs Letter of Intent to Acquire GlobalOdds Holdings, a Premium Technology Provider in Online Gaming
Aventura, FL May 17, 2025 --( )-- Lifeline BioTechnologies, Inc., a publicly traded company (OTC: LLBO), today announced it has signed a Letter of Intent (LOI) to acquire GlobalOdds Holdings Pty. Limited, a leading B2B online wagering technology company headquartered in Australia. GlobalOdds is a software developer that has created a wagering platform operating under an Anjouan Gaming License, with a comprehensive suite of advanced gaming solutions for the international market. The company has developed proprietary technology and infrastructure spanning multiple gaming verticals, including sports wagering technologies, casino game integration systems, advanced customer relationship management tools, horse racing platforms, artificial intelligence-driven personalization engines, and secure payment processing frameworks. This integrated ecosystem delivers seamless gaming experiences through both business-to-business partnerships and white-label solutions, enabling operators across Europe and Asia to deploy sophisticated gaming platforms under their own brands. The company's technological innovation focuses on enhancing player engagement, optimizing retention metrics, and maximizing operator revenue through data-driven personalization and robust back-office systems. This acquisition is LLBO's initial entry into software development for the global gaming sector and supports its transformation into a diversified online software development platform. 'The LOI with GlobalOdds marks a major milestone in our strategic roadmap,' said Greg Klok, CEO of LLBO. 'GlobalOdds has built a world-class technology stack and has strong market traction in key regions. This acquisition positions LLBO to capitalize on the growth in the global online wagering industry, projected by Horizon Research[1] to reach over $153 billion by 2030.' Highlights of the Transaction: GlobalOdds powers numerous enterprise-level gaming operations across multiple markets through its industry-leading platform technology, serving a diverse portfolio of B2B clients via SaaS and revenue-sharing partnerships. The acquisition includes proprietary technology, established customer base, and strategic expansion plans into Australia and beyond. The LOI outlines the framework for the proposed acquisition, which remains subject to customary due diligence, negotiation of definitive agreements, regulatory approvals, and other closing conditions. Following the successful completion of this transaction LLBO intends to divest its current biotechnology business. About Lifeline BioTechnologies, Inc. (LLBO) LLBO is a publicly traded company focused on strategic acquisitions in high-growth digital sectors. With a renewed vision to drive innovation and shareholder value, LLBO is targeting transformative opportunities across gaming, fintech, and entertainment. About GlobalOdds Holdings Limited GlobalOdds is a premium provider of AI-driven gaming solutions operating in regulated international markets. With operations in Asia and Europe, GlobalOdds offers a fully integrated gaming ecosystem tailored to the evolving needs of modern gaming operators and their players. Forward-Looking Statements Please note that the above press release contains forward-looking statements. These statements are based on current expectations and assumptions, and may include words such as 'anticipate,' 'expect,' 'assume,' and 'predict.' Actual results may differ materially, and we assume no obligation to update these statements, except as required by law. It is important to consider potential risks and uncertainties when evaluating these forward-looking statements. Please be aware that they are not guarantees of future performance. [1] Contact Information: Lifeline Biotechnologies Inc. Gregory Klok 786-590-5203 Contact via Email Read the full story here: Lifeline BioTechnologies Signs Letter of Intent to Acquire GlobalOdds Holdings, a Premium Technology Provider in Online Gaming Press Release Distributed by
Miami Herald
15-05-2025
- Automotive
- Miami Herald
Don Omar: 25 years of musical legacy and a new business on the horizon
Two decades after the release of 'King of Kings,' one of the most iconic albums in reggaeton history, Don Omar continues to make waves—not just in music, but now in the business world. In an exclusive interview with El Nuevo Herald, the Puerto Rican artist reflected on his career, the lasting impact of his music, and his new venture as an entrepreneur. 'Having a 25-year career is a blessing—it's not something that happens to everyone,' he says with pride. 'Seeing that the parents, children, and even the grandchildren of my peers sing and dance to my music is something very special.' From the stage to the people's hearts From his early days in Puerto Rico to becoming a living legend of urban music, Don Omar has built a path filled with hits, awards, and broken records. Today, 20 years after his historic collaboration with Aventura on 'Ella y Yo,' his music still resonates across generations. His legacy isn't just about numbers or records sold—it's about the emotional connection he's built with millions of fans. 'Satisfaction is the word,' he says when asked how it feels to remain relevant in 2025. The entrepreneur behind the artist Don Omar's energy and passion have led him into a new chapter: a car care products company. While this move might seem unexpected, it's deeply tied to one of his passions—motorsports. 'For the past five years, I've been a huge motorsports fan. I'm a race car driver. I own race cars and now I have a company that doesn't feel like work—it's something I genuinely enjoy,' he says. This new venture, already with Advance Auto Parts, has plans to distribute in 4,000 stores across the U.S., and Don Omar has kicked off a promotional campaign in Central Florida. 'If you want more info, just check my social media—everything's there,' he adds enthusiastically. A message to his younger self To close the interview, we asked what he would say to his younger self—just before his career took off. 'I'd say, 'Be careful before you begin.' I came out of the church—I was a youth pastor. If I had met myself in that transition, I'd say, 'Don't forget that the Bible says: Above all else, guard your heart.'' In an industry often defined by fleeting fame, Don Omar stands as proof that true success is not only measured by applause—but by purpose.
