Hudbay Announces Election of Directors

TORONTO, May 17, 2021 (GLOBE NEWSWIRE) — Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced that each of the ten individuals nominated for election as a director of Hudbay at the company’s Annual and Special Meeting of Shareholders held on May 17, 2021 was elected.

The detailed voting results are set out below:

Director Number of 

Votes FOR
Number of Votes
Percentage of Votes
Carol T. Banducci 193,235,851 925,004 99.52%
Igor A. Gonzales 190,799,304 3,361,551 98.27%
Richard Howes 192,979,327 1,181,528 99.40%
Sarah B. Kavanagh 193,643,555 517,300 99.73%
Carin S. Knickel 192,892,377 1,268,478 99.35%
Peter Kukielski 193,493,754 667,101 99.66%
Stephen A. Lang 190,464,899 3,695,956 98.10%
Daniel Muñiz Quintanilla 193,645,172 515,683 99.73%
Colin Osborne 193,587,734 573,121 99.71%
David Smith 192,932,000 1,228,855 99.37%

About Hudbay

Hudbay (TSX, NYSE: HBM) is a diversified mining company primarily producing copper concentrate (containing copper, gold and silver) and zinc metal. Directly and through its subsidiaries, Hudbay owns three polymetallic mines, four ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan (Canada) and Cusco (Peru), and copper projects in Arizona and Nevada (United States). The company’s growth strategy is focused on the exploration, development, operation and optimization of properties it already controls, as well as other mineral assets it may acquire that fit its strategic criteria. Hudbay’s vision is to be a responsible, top-tier operator of long-life, low-cost mines in the Americas. Hudbay’s mission is to create sustainable value through the acquisition, development and operation of high-quality, long-life deposits with exploration potential in jurisdictions that support responsible mining, and to see the regions and communities in which the company operates benefit from its presence. The company is governed by the Canada Business Corporations Act and its shares are listed under the symbol “HBM” on the Toronto Stock Exchange, New York Stock Exchange and Bolsa de Valores de Lima. Further information about Hudbay can be found on

For further information, please contact:

Candace Brûlé
Director, Investor Relations
(416) 814-4387


FSIS Recall 018-2021 – Undeclared Allergen

Washington D.C., May 17, 2021 (GLOBE NEWSWIRE) —



Recall Release
Congressional and Public Affairs
Buck McKay (202) 720-9113




WASHINGTON, May 17, 2021 – Kraft Heinz Foods Company, a Cedar Rapids, Iowa establishment, is recalling approximately 13,504 pounds of a frozen foodservice soup product due to misbranding and undeclared allergens, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today. The product contains milk and eggs, known allergens, which are not declared on the product label. 


The frozen soup product was produced on October 7, 2020. The following product is subject to recall:


  • 4-lb. tubs containing “Chef Francisco Minestrone Condensed Soup” with a “Chef Francisco Vegetable Beef and Barley Condensed Soup” label with lot code LD28120FT1 represented on the label. The product was distributed in 16-lb cases labeled as “Chef Francisco Minestrone Condensed Soup” with lot code LD28120FT1.


The product subject to recall bears establishment number “EST. 15818A” inside the USDA mark of inspection. This foodservice item was shipped to hotels, restaurants, and institutions nationwide.


The problem was discovered after the firm received foodservice customer complaints that the product labeled as vegetable beef and barley condensed soup contained minestrone condensed soup.


There have been no confirmed reports of adverse reactions due to consumption of this product. Anyone concerned about an injury or illness should contact a healthcare provider.  


FSIS is concerned that some product may be in the freezers of hotels, restaurants, and institutions. These businesses are urged not to serve the product. This product should be thrown away or returned to the place of purchase.


FSIS routinely conducts recall effectiveness checks to verify recalling firms notify their customers of the recall and that steps are taken to make certain that the product is no longer available to consumers. When available, the retail distribution lists will be posted on the FSIS website at


Members of the media with questions about the recall can contact Lynne Galia, Corporate Affairs Specialist, Kraft Heinz Foods Company, at Consumers with questions about the recall can contact The Kraft Heinz Foods Company, Consumer Relations Hotline at (855) 265-7238.


 Consumers with food safety questions can call the toll-free USDA Meat and Poultry Hotline at 1-888-MPHotline (1-888-674-6854) or live chat via Ask USDA from 10 a.m. to 6 p.m. (Eastern Time) Monday through Friday. Consumers can also browse food safety messages at Ask USDA or send a question via email to For consumers that need to report a problem with a meat, poultry, or egg product, the online Electronic Consumer Complaint Monitoring System can be accessed 24 hours a day at



NOTE: Access news releases and other information at FSIS’ website at

Follow FSIS on Twitter at or in Spanish at:


Class I This is a health hazard situation where there is a reasonable probability that the use of the product will cause serious, adverse health consequences or death.
Class II This is a health hazard situation where there is a remote probability of adverse health consequences from the use of the product.
Class III This is a situation where the use of the product will not cause adverse health consequences.

USDA is an equal opportunity provider, employer and lender. To file a complaint of discrimination, write: USDA, Director, Office of Civil Rights, 1400 Independence Avenue, SW, Washington, DC 20250-9410 or call (800) 795-3272 (voice), or (202) 720-6382 (TDD).




USDA Food Safety and Inspection Service

New Concept Energy, Inc. Reports First Quarter 2021 Results

New Concept Energy, Inc. Reports First Quarter 2021 Results

New Concept Energy, Inc. (NYSE American: GBR), (the “Company” or “NCE”) a Dallas-based company, today reported Results of Operations for the first quarter ended March 31, 2021.

During the three months ended March 31, 2021, the Company reported a net income applicable to common shares for the three months ended March 31, 2021 of ($79,000), compared to net loss from continuing operations of ($34,000) for the three months ended March 31, 2020.

The Company reported net income from continuing operations of $79,000 for three months ended March 31, 2021, as compared to a net loss of ($34, 000) for the similar period in 2020.

For the three months ended March 31, 2021, corporate general & administrative expenses were $74,000 as compared to $104,000 for the comparable periods in 2020. The decrease was due, for the most part, to consulting fees paid by the Company regarding oil and gas matters in 2020 that were not incurred in 2021.

For the three months ended March 31, 2021 the Company recorded a tax refund from prior years of $91.000.

For the three months ended March 31, 2020 the Company recorded a loss from discontinued operations of $63,000 for the oil and gas operations that were sold in August 2020.

About New Concept Energy, Inc.

New Concept Energy, Inc. is a Dallas-based company which owns real estate West Virginia. For more information, visit the Company’s website at

(amounts in thousands)

March 31,



December 31,





Current assets

Cash and cash equivalents





Current portion note receivable (including $3,584 and $3,631 in 2021 and 2020 from related parties)





Other current assets





Total current assets





Property and equipment, net of depreciation
Land, buildings and equipment





Note Receivable





Total assets







(dollars in thousands, except par value amount)


March 31,



December 31,






Liabilities and stockholders’ equity  
Current liabilities  
Accounts payable – (including $80 and $55 due to related parties in 2021 and 2020)  







Accrued expenses  







Current portion of long term debt  







Total current liabilities  







Long-term debt  
Notes payable less current portion  







Total liabilities  







Stockholders’ equity  
Preferred stock, Series B  







Common stock, $.01 par value; authorized, 100,000,000  
shares; issued and outstanding, 5,131,934 and 2,036,935 shares  
at March 31, 2021 and December 31, 2020  







Additional paid-in capital  







Accumulated deficit  







Total shareholders’ equity  







Total liabilities & equity  











(amounts in thousands, except per share data)


For the Three Months

ended March 31,
















Total Revenues  







Operating expenses  
Operating expenses  







Corporate general and administrative  







Total Operating Expenses  







Operating earnings (loss)  







Other income (expense)  
Interest income (including $52 and $60 for the three months ended 2021 and 2020 from related parties)  







Interest expense  







Other income (expense), net  













Earnings (loss) from continuing operations  







Discontinued Operations  
Earnings (loss) from discontinued operations  






Earnings (loss) applicable to common shares  







Net income (loss) per common share-basic and diluted  







Weighted average common and equivalent shares outstanding – basic  








New Concept Energy, Inc.

Investor Relations

Gene Bertcher, (800) 400-6407

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Oil/Gas Energy Other Construction & Property Commercial Building & Real Estate Construction & Property



Income Opportunity Realty Investors, Inc. Reports First Quarter 2021 Results

Income Opportunity Realty Investors, Inc. Reports First Quarter 2021 Results

Income Opportunity Realty Investors, Inc. (NYSE American: IOR), a Dallas-based real estate investment company, today reported results of operations for the first quarter ended March 31, 2021.

For the three months ended March 31, 2021, the Company reported net income of $1,352,000 or $0.32 per share, as compared to net income of $841,000 or $0.20 per share for the same period ended 2020.

Our primary business is investing in real estate and mortgage note receivables.


General and administrative expenses were $188 thousand for the three months ended March 31, 2021. This represents an increase of $49 thousand, compared to general and administrative expenses of $139 thousand for the three months ended March 31, 2020. This increase was primarily due to an increase in various operating expenses.

Advisory fees were $197 thousand for the three months ended March 31, 2021 compared to $189 thousand for the same period in 2020 for an increase of $8 thousand. Advisory fees are computed based on a gross asset fee of 0.0625% per month (0.75% per annum) of the average of the gross asset value.

Net income fee to related party was $139 thousand for the three months ended March 31, 2021. This represents an increase of $53 thousand, compared to the net income fee of $86 thousand for the three months ended March 31, 2020. The net income fee paid to our Advisor is calculated at 7.5% of net income.

Other income (expense)

Interest income decreased to $1.2 million for the three months ended March 31, 2021 compared to $1.5 million for the same period in 2020. The decrease of $300 thousand was primarily due to a decrease in the prime interest rate used to calculate interest on the receivable amount owed from our Advisor and other related parties.

Other income was $1 million for the three months ended March 31, 2021 due to the collection of a note previously written off.

About Income Opportunity Realty Investors, Inc.

Income Opportunity Realty Investors, Inc., a Dallas-based real estate investment company, currently holds a portfolio of notes receivable. The Company invests in real estate through direct equity ownership and partnerships. For more information, visit the Company’s website at

March 31, December 31,



(Unaudited) (Audited)
(dollars in thousands, except par value amount)
Current assets
Cash and cash equivalents






Receivable and accrued interest from related parties







Total current assets







Non current assets
Notes and interest receivable from related parties







Total non current assets







Total Assets







Liabilities and Shareholders’ Equity
Accounts payable and other liabilities







Total liabilities







Shareholders’ equity:
Common stock, $0.01 par value, authorized 10,000,000 shares; issued 4,173,675 and outstanding 4,168,414 shares in 2021 and 2020







Treasury stock at cost, 5,261 shares in 2021 and 2020







Paid-in capital







Retained earnings







Total shareholders’ equity







Total liabilities and shareholders’ equity







For the Three Months Ended March 31,







(dollars in thousands, except per share amounts)
Revenue from operations






General and administrative (including $107 and $72 for the three months

ended 2021 and 2020, respectively, to related parties)







Net income fee to related party







Advisory fee to related party







Total operating expenses







Net operating loss







Other income (expenses):
Interest income from related parties







Other income






Total other income







Income before taxes







Income tax expense







Net income







Earnings per share – basic and diluted
Net income







Weighted average common shares used in computing earnings per share









Income Opportunity Realty Investors, Inc.

Investor Relations

Gene Bertcher (800) 400-6407

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: REIT Other Construction & Property Residential Building & Real Estate Commercial Building & Real Estate Construction & Property



Creatd, Inc. Reports Record First Quarter 2021 Financial Results

Creatd first quarter net revenues increased 154%, year over year, exceeding company guidance.

PR Newswire

FORT LEE, N.J., May 17, 2021 /PRNewswire/ — Creatd, Inc. (Nasdaq CM: CRTD) (“Creatd” or the “Company”), today reported financial results for its first quarter ended March 31, 2021.

Commenting on the Company’s first quarter results, Creatd’s founder and CEO Jeremy Frommer stated, “Creatd established a solid business foundation in 2020, fortifying operations, systems, financials, human resources, and overall infrastructure, effectively eliminating any impediment to future rapid growth and revenue expansion, and entered 2021 focused on delivering growth in both our platform and agency businesses. We are highly motivated to continue to exceed the guidance we set for 2021 which we have shown to deliver during this first quarter.”

“In the first quarter of 2021, our agency business increased 73% year-over-year, generating $428,000 in revenue. We have developed a true powerhouse in the form of our Vocal Challenges, which validate our company’s unique brand awareness capabilities and enhance the value provided to our agency clients, while also providing exciting new reward opportunities through cash prizes for our creator communities. The success we witnessed with our first Moleskine-branded Challenge, launched in January, and the subsequent engagement shortly thereafter, has led to a number of new arrangements with other iconic brands such as Fiskars.”

“Since the launch of Vocal+ in early 2020, net quarterly revenues from creator subscriptions have increased nearly tenfold from $36,000 in first quarter 2020 to $307,000 in first quarter 2021. In fact, earlier today we announced that Vocal+ hit a new record milestone, surpassing 25,000 subscribers, and are on track to reach our stated goal of 100,000 paid Vocal+ subscribers by year-end 2021. As we continue to enhance our platform with additional tools and communities, as well as increase the number of challenges and other monetization opportunities for creators, we see a continuation of excitement and expansion from our flourishing creator population.”

“Given the performance we have experienced over the last 45 days, coupled with the close of our recent financing, we are comfortable giving guidance of between $1 million and $1.2 million in net revenues in second quarter 2021, and between $5 and $7 million for full year 2021.”

First Quarter 2021 Financial Highlights 

  • Net revenue: Net revenue for first quarter 2021 increased 154% to $744,000, as compared to the $293,000 in net revenues for first quarter 2020, and exceeded Company guidance of $660,000. The year-over-year increase in quarterly revenues is fully attributed to the steady growth of Vocal+ paid subscribers as well as growth in the Company’s agency businesses, which accounted for approximately 58% of net revenues during the quarter. Agency revenues consist of revenues from Vocal for Brands, which has experienced an acceleration in revenues into the second quarter as a result of securing of new clients as well as contract renewal for existing clients, and Seller’s Choice, or Managed Services, which is benefiting from an increase in monthly service fees and performance marketing revenues. First quarter gross revenues were $756,000, before adjustments due to reward payments made to Vocal+ subscribers, which includes money earned through ‘reads’ on subscribers’ stories and Challenge rewards; gross revenues were in line with the Company’s guidance range of $725,000 to $770,000.
  • Operating Expenses: Operating expenses totaled $6.7 million compared to the prior year first quarter operating expenses of $2.1 million. The year-over-year increase was due to the following:
    • a $993,000 increase in personnel compensation as a result of an increase in headcount, including the addition of corporate officer positions, as well as new hires to support the Company’s growing agency businesses, business intelligence, and financial and accounting departments. Currently, Creatd’s headcount totals approximately 40;
    • a $1.6 million increase in marketing expenditures, which will be actively managed to achieve optimum return on investment, with an eye toward continually lowering subscriber acquisition costs;
    • a $1.5 million in non-cash charges, including stock-based compensation to employees and consultants, and incentive-based options issued to employees;
    • approximately $400,000 in professional services predominantly related to a financing close and S-3; and
    • general ongoing operating expenses, including an increase in research and development of $193,000.

The Company’s average monthly cash burn during first quarter 2021 was approximately $1.8 million, an increase of approximately $1.3 million over the prior year’s average monthly cash burn. The increase is primarily due to the addition of personnel, which is expected to hold steady at this level for the foreseeable future, prepayment of R&D expenditures, full year prepayment of approximately 10% of the Company’s outsourced service fees, higher than usual expenses for professional services due to financings, and a substantial increase attributed to the Company’s first significant marketing campaign, an effort which is expected to be repeated throughout 2021 given its success.

Mr. Frommer commented, “First quarter 2021 we choreographed an important transition for the Company without compromising our revenue expectations. We are near complete in establishing our permanent internal infrastructure while still carrying duplicate outsourced consulting support. As we phase out duplicate functions, which total approximately $100,000 – 200,000 in additional expenditure monthly, and our costs are reduced to a baseline level, we anticipate our efficiencies will increase and our revenues will be positively impacted. In fact, were it not for the necessity of redundancy and non-recurring cost of financings, the first quarter monthly cash burn would have been approximately $1.4 million. With the momentum we are witnessing, and assuming no changes in this baseline monthly cash burn, we believe we may exit 2021 having achieved cashflow breakeven.”

  • Comprehensive Loss: Comprehensive loss for first quarter 2021 totaled $(6.6) million, or $(0.68) per basic and diluted share, which included several, non-cash charges, including employee bonus options issuances for 2020 performance and stock payment to consultants for past services, as well as an extraordinary increase in legal, accounting, and consulting fees related to a financing close, valuation assessments, and remaining debt conversions at the beginning of the quarter. Net of these charges, the first quarter comprehensive loss would have been approximately $(4.6) million, or $(0.42) per basic and diluted share. This compares to a comprehensive loss of $(3.0) million or $(0.96) per basic and diluted share for first quarter 2020.
  • Total Assets: During first quarter, total assets decreased by approximately $4.3 million to $6.4 million, as cash was used to repay approximately $1.2 million in remaining aged payables and debt, $400,000 in professional services related to financings, a $1.6 million increase in marketing spend and an increase in personnel resulting in $993,000 of additional compensation and related expenses.
  • Total Liabilities: Creatd reduced its total liabilities by $868,000 to $4.5 million during the quarter. The Company’s remaining debt consists of $240,000 in convertible notes, of which $164,000 was repaid subsequent to March 31, 2021, and $1.5 million in notes payable of which $675,000 is a Government Payroll Protection Program (“PPP”) loan that carries 1% annual interest (for which a request for loan forgiveness has been submitted) and $660,000 related to the acquisition of Seller’s Choice, a liability that Creatd is litigating. The Company’s accounts payable was reduced $790,000 to $1.8 million following the satisfaction of all aged payables and a portion of current payables.
  • Capitalization: As of March 31, 2021, Creatd had 10.9 million shares of common stock outstanding, an increase of approximately 2.2 million shares from 2020 year-end predominantly due to the conversion of Series E Preferred stock into 1.62 million common shares and the exercise of 333,000 warrants, which generated approximately $1.3 million in additional capital to the Company. The remaining increase in outstanding common stock is attributed to stock-based compensation of approximately 152,000 shares for professional services and 60,000 shares allocated to the Company’s Board of Directors’ Compensation plan retroactive to its reconstitution in mid-2020. The Company’s fully diluted shares increased by 2.8 million during the first quarter, predominantly due to the granting of 1.8 million options from the Company’s 2020 Equity Incentive Plan, 350,000 options issued to the Company’s Board of Directors’ Compensation plan, and 470,000 warrants issued to bankers related to the Series E private placement. Creatd’s fully diluted shares total 19.9 million, of which warrants account for approximately 6.2 million shares with an average strike price of $5.20. Currently, the Company’s shares held by Creatd management, Board of Directors and employees represents over 15% of the fully diluted shares.

First Quarter 2021 Operational Highlights

  • Series E Financing: Creatd announced the closing of its $7.8 million Series E Preferred Stock and accompanying warrants on January 4, 2021. Currently 86% of Series E preferred has converted into common shares with remaining preferred shares totaling 1,088 or 264,078 equivalent common shares.
  • S-3 Effectiveness: The Securities and Exchange Commission declared effective the Company’s Registration Statement on Form S-3, for a total of $50 million in aggregate over time.
  • Private Placement: Subsequent to quarter-end, on May 14, 2021, Creatd closed on a private placement of $4.7 million in principal value of convertible notes with an original issuance discount with three institutional investors, two of whom invested in the prior Series E preferred. The notes are convertible into shares of Creatd’s common stock at $5.00 per share and come with, in aggregate, 1,090,908 warrants, exercisable at $4.50 per share. Created intends to use the gross proceeds of $4 million for general corporate purposes including an increase in its marketing and development spend.
  • Vocal+ Creator Subscriptions: In the first quarter 2021, subscribers to Creatd’s premium subscription program, Vocal+, nearly doubled to over 20,000, as compared to 10,500 subscribers at year-end 2020. Subsequent to the first quarter, the Company announced that Vocal+ reached a new record high, surpassing 25,000 subscribers, and confirmed its expectations to hit its goal of 100,000 paid subscribers by year-end 2021.
  • Vocal Freemium: Vocal’s freemium creator count grew approximately 10% during the first quarter, totaling over 900,000 creators compared to 810,000 creators by year-end 2020. Currently, the Company reports a total of 967,000 freemium Vocal creators, and expects to break one million freemium creators by the end of second quarter 2021; the expanding pool of freemium creators on Vocal has a catalyzing effect on Vocal+ adoption, working to accelerate the rate of conversion to a premium subscription.
  • Vocal Challenges: At its one-year mark, Vocal initiated a Challenge in partnership with Moleskine featuring a $20,000 grand prize, its largest to date, followed by subsequent Challenge collaborations with notable and emerging brands including, part of the New York Post Digital Network, owned by News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV,) and DTC wine subscription company, Bright Cellars; importantly, in May 2021, the Company signed its second branded collaboration with Moleskine and materially increased the prize pool. In addition, in mid-May, Creatd launched its first in a series of planned collaborations between Vocal and Fiskars, owned by Fiskars Group (HEL: FSKRS), a multi-billion-dollar lifestyle brand headquartered in Finland. Year-to-date, Vocal has launched a total of 36 Challenges, which represents greater than half of the total number of Challenges launched during the full year of 2020 (59). Notable guest judges for Challenges have included Daniela Ricardi, CEO of Moleskine, Shelley Zalis, founder and CEO of The Female Quotient, and Miranda York, editor and founder of ‘At the Table’ magazine and author of ‘The Food Almanac.’ Vocal’s Challenges feature remains one of the core drivers for year-over-year growth for both the subscription and agency-based businesses, working to both further enhance the value proposition for a creator to upgrade to a premium subscription, while at the same time providing brands with an even deeper way to engage with Vocal’s creator and audience base.
  • Community Launches: Vocal resumed its launch of additional communities with the release of “FYI” and “Confessions,” Vocal’s 35th and 36th niche community sites. Subsequent to the end of the first quarter, Vocal launched its 37thcommunity, “Earth.” The Company expects to continue to launch new communities on Vocal to accommodate the diversified interests and needs of its expanding creator community.
  • New Vocal Monetization Feature: In February 2021, Creatd announced the release of Creator Bonuses as an additional means of monetization for creators: currently, Creators can earn money: (i) every time their story is read, (ii) by competing in Challenges, (iii) by receiving ‘tips’ from audiences, (iv) receiving ‘bonuses’ from Vocal curators, (v) by collaborating on branded content campaigns through the Company’s Vocal for Brands agency.
  • Second Creatd Partner, Untamed Photographer: At year-end 2020, Creatd introduced a new business segment focused on corporate venture opportunities, Creatd Partners, which entered into its first agreement with direct-to-consumer food brand Plant Camp. In April 2021, Creatd announced its second Creatd Partner investment, Untamed Photographer, an online marketplace platform for wildlife photography. In conjunction with the Untamed Photographer launch, the Company additionally announced plans to tokenize the Untamed Photographer library, allowing its photographers and the causes they support to further monetize their unique photographs within the emerging NFT market.
  • OG Gallery: Subsequent to first quarter, Creatd announced an update on its plans to launch the “OG Gallery,” a new NFT art gallery focused on the tokenization, marketing and sale of digital collectibles originating from the OG collection, a library of over 100,000 original photographs, digital artwork, imagery, original documents, illustrations, and collectables by the legendary Bob Guccione, former CEO of General Media and owner of publications including Penthouse, Viva, OMNI and Longevity. Previously, the Company has successfully leveraged this collection for numerous transmedia opportunities including: the documentary film Filthy Gorgeous: The Bob Guccione Story, directed by renowned documentary filmmaker Barry Avrich, which premiered at the Toronto International Film Festival in 2013; the book No One’s Pet, written by notable film critic Glenn Kenny in 2016; and the award-winning 2015 film Till Human Voices Wake Us, directed by celebrity photographer Indrani and starring Lindsay Lohan.
  • Insider Buying: Creatd’s executive management team and Board of Directors continue to purchase shares of the Company’s common stock in the open market, year-to-date collectively purchasing approximately $62,124 (14,220 shares) at an average purchase price of $4.37. Since inception, Company insiders have purchased Creatd common shares either through the open market or by participation in private placements that have subsequently converted into common shares collectively totaling 480,000 common shares and 255,000 warrants.
  • Vocal Product Enhancements: Creatd released significant design and functionality enhancements to Vocal, primarily aimed toward enhancing user Engagement and supporting significant growth of Vocal’s premium subscription. Updates included:
    • a full platform front-end redesign, featuring a more refined navigation experience for Vocal audiences aimed toward increasing creator discoverability and enriching user experience delivered ahead of schedule;
    • the addition of community-specific metrics, highlighting the health, safety, and user volume of both the creators and communities throughout the platform;
    • a new Challenge user interface;
    • front-end framework enhancements;
    • back-end framework and platform infrastructure enhancements;
    • integration and implementation of recurring revenue growth platform to reduce churn and optimize pricing;
    • fundamental accessibility improvements to comply with Web Content Accessibility Guidelines WCAG 2.0 standards;
    • enhanced payment experience by enabling creators to receive Creator Bonuses and Challenge rewards directly to their Vocal Wallet; and
    • The addition of a “Sign in with Apple” option to further streamline user experience.

About Creatd

About Creatd Creatd, Inc. (Nasdaq CM: CRTD) is a creator-first technology company and the parent company of the Vocal platform. Our mission is to empower creators, entrepreneurs, and brands through technology and partnership. We accomplish this through Creatd’s three main business pillars: Vocal Ventures, Creatd Partners, and Recreatd. For news and updates, subscribe to Creatd’s newsletter: 

Investor Relations Contact:

Forward-Looking Statements

Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “intends,” “plans,” “believes” and “projects”) may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings.

Creatd, Inc.

Condensed Consolidated Balance Sheet


 March 31, 2021

December 31, 2020



Current Assets


$        2,802,772

$           7,906,782

Account receivable, net



Prepaid expenses and other current assets



Total Current Assets



Property and equipment, net



Intangible assets






Deposits and other assets



Marketable securities



Minority investment in business



Operating lease right of use asset



Total Assets

$         6,436,445

$        10,784,480

Liabilities and Stockholders
‘ Equity (Deficit)

Current Liabilities

Accounts payable and accrued liabilities

$        1,849,136

$        2,638,688

Derivative liabilities



Share liability


Convertible Notes, net of debt discount and issuance costs



Current portion of operating lease payable



Notes payable – related party, net of debt discount


Notes payable, net of debt discount and issuance costs



Deferred revenue



Total Current Liabilities



Non-current Liabilities:

Note payable



Operating lease payable



Total Non-current Liabilities  



Total Liabilities



Commitments and contingencies

Stockholders’ Equity (Deficit)

Series E Preferred stock, $0.001 par value:  20,000,000 shares authorized



1,088 and 7,738 shares issued and outstanding, respectively

Common stock, $0.001: 100,000,000 authorized shares
10,925,026 issued and 10,915,676 outstanding as of March 31, 2021 and

8,736,378 issued and 8,727,028 outstanding at December 31, 2020



Additional paid-in capital



Subscription receivable


Accumulated deficit



Accumulated other comprehensive income



Less: Treasury stock, 5,657 and 5,657 shares, respectively



Total Stockholders
‘ Equity (Deficit)



Total Liabilities and Stockholders
‘ Equity (Deficit)

$       6,426,445

$           10,784,480


Creatd, Inc.

Condensed Consolidated Statements of Operations


Three Months ended

March 31,



Net revenue

$    743,913

$    293,142

Gross margin



Operating expenses

   Research and development



   General and administrative



   Total operating expenses



   Loss from operations



Other income (expenses)

   Other income


   Interest expense



   Accretion of debt discount and issuance cost 



   Derivative expense


   Change in fair value of derivative liability


   Settlement of vendor liabilities



   Gain (loss) on extinguishment of debt



   Other income (expenses), net



Loss before income tax provision



Income tax provision

Net loss

$  (6,643,237)


Deemed dividend

Net loss attributable to common shareholders



Other comprehensive income

   Currency translation gain (loss)



Comprehensive loss



Per-share data

    Basic and diluted loss per share

$         (0.68)

$       (0.96)

    Weighted average number of common shares outstanding




Cision View original content to download multimedia:

SOURCE Creatd, Inc.

CNA Announces Susan Stone as EVP & General Counsel

PR Newswire

CHICAGO, May 17, 2021 /PRNewswire/ — CNA today announced the appointment of Susan Stone as Executive Vice President and General Counsel, effective June 28, 2021. In this role, Stone will lead the Company’s Law Department and serve as the principal counsel for CNA on all legal matters including legal consultation across domestic and international business operations, compliance, regulatory and government affairs, securities law, and company litigation.  She will report to Dino E. Robusto, Chairman and Chief Executive Officer at CNA.

“Susan is eminently skilled, bringing over three decades of extensive legal experience to the role,” Robusto said. “In addition, her proven track record at leading varied teams, fostering collaborative relationships with government and industry trade organizations, and building collaborative business partnerships will ensure that we continue to profitably grow our business with full integrity.”

Stone joins CNA with over 30 years of legal experience, in both the private sector and as a federal prosecutor. Most recently, she served as General Counsel and Executive Committee Member at Marsh LLC, and had oversight over litigation, transactional, regulatory, and compliance matters for a heavily regulated insurance broking and risk advisory business. Prior to Marsh, Stone was an Executive Committee Member, Practice Group Head, and Partner at Sidley Austin LLP.

Stone earned a bachelor’s degree from Yale University and a law degree from Harvard Law School.  She has served on multiple civic and philanthropic Boards of Directors, including WCCI/WTTW Public Television, Roosevelt University, Erikson Institute and the Women’s Board of the Joffrey Ballet.

About CNA 
CNA is one of the largest U.S. commercial property and casualty insurance companies. Backed by more than 120 years of experience, CNA provides a broad range of standard and specialized insurance products and services for businesses and professionals in the U.S., Canada and Europe.

Media Contact:  
Chris Stroisch 

Allyson Marcus 



Cision View original content to download multimedia:–general-counsel-301292969.html


In Mixed Ruling for NCLA Clients, District Judge Says CFPB Rule Does Not Apply in Sixth Circuit

The Property Management Connection, LLC, et al. v. Dave Uejio, Consumer Financial Protection Bureau, et al.

Washington, D.C., May 17, 2021 (GLOBE NEWSWIRE) — The New Civil Liberties Alliance is celebrating a partial win for housing providers in Kentucky, Michigan, Ohio, and Tennessee. The U.S. District Court for the Middle District of Tennessee indicated after hours on Friday that an Interim Final Rule issued by the Consumer Financial Protection Bureau (CFPB) does not apply in the Sixth Circuit according to its own terms. The decision effectively shields housing providers in these states who, under the CFPB Rule, otherwise would face liability if they failed to make false and misleading statements to delinquent tenants facing eviction.

NCLA, a nonpartisan, nonprofit civil rights group, represents The Property Management Connection, attorney Gordon Schoeffler, and the National Association of Residential Property Managers in a challenge against CFPB’s Interim Final Rule, Debt Collection Practices in Connection With the Global COVID-19 Pandemic. The Rule, implemented May 3, 2021, without public comment, required that anyone who seeks to collect unpaid residential rent must falsely inform tenants subject to eviction, in writing, that they are entitled to protection under the unlawful nationwide Halt Order on evictions issued by the Centers for Disease Control and Prevention (CDC).  

On September 1, 2020, CDC issued its nationwide eviction moratorium. Since then, the Halt Order has been successfully challenged across the country, notably in the Sixth Circuit case Tiger Lily, LLC, et al. v. HUD, et al., in which NCLA filed an amicus brief. CFPB disclaimed the Sixth Circuit’s Tiger Lily decision as not being “a binding Circuit decision on the merits of the case.” But the Sixth Circuit did not equivocate; a panel of judges held in a published opinion that Congress did not “grant the CDC the power it claims” underlying the Halt Order. In its decision, the U.S. District Court for the Middle District of Tennessee said Tiger Lily is binding precedent. Hence, neither the CDC Halt Order nor the CFPB Rule applies to the Plaintiffs or to any other person in the four states that comprise the Sixth Circuit.

Under the CDC Order, housing providers cannot obtain evictions, but if they default on their mortgages and lose their properties, the banks can evict! CFPB put these housing providers in a further impossible position when the agency violated their First Amendment rights by ordering them to make false and inaccurate disclosures about the invalid Halt Order. CFPB chose to ignore the dilemma facing housing providers, but NCLA commends the District Court for righting this wrong in the Sixth Circuit. NCLA will move for summary judgment and seek a final declaratory ruling, to protect all housing providers from the CFPB Rule.

NCLA released the following statements:

“While CFPB has insisted that housing providers within the Sixth Circuit are bound to make false statements to tenants about an invalid eviction moratorium, the District Court resoundingly rejected that idea and declared the Rule inapplicable within this jurisdiction. The District Court also encouraged other courts to follow its lead in rejecting CFPB’s lawless power grab.”
Caleb Kruckenberg, Litigation Counsel, NCLA

 “CFPB cannot make people lie about the unlawful actions of the CDC in the Sixth Circuit. Soon, if agencies are held to their lawful scope, it won’t be able to do so in the other circuits either.”    
John Vecchione, Senior Litigation Counsel, NCLA

For more information visit the case page


NCLA is a nonpartisan, nonprofit civil rights group founded by prominent legal scholar Philip Hamburger to protect constitutional freedoms from violations by the Administrative State. NCLA’s public-interest litigation and other pro bono advocacy strive to tame the unlawful power of state and federal agencies and to foster a new civil liberties movement that will help restore Americans’ fundamental rights.


Judy Pino
New Civil Liberties Alliance

The State Bank Announces Appointment of Kelly Myers to Fentura Financial, Inc. Corporate Board of Directors

FENTON, Mich., May 17, 2021 (GLOBE NEWSWIRE) — Fentura Financial, Inc. and The State Bank are excited to announce the appointment of Kelly Myers to the Board of Directors for both Fentura Financial, Inc. and The State Bank.

Kelly Myers holds a Bachelor of Arts degree from Alma College, where she majored in history and business with a pre-law emphasis. She also received her Juris Doctor from the University of Detroit School of Law, her Master of Business Administration from the University of Detroit and countless educational honors.

In 2004, she started Myers & Myers, PLLC – a practice that focuses on real estate (transactional and litigation), commercial litigation, corporate law, creditor rights, bankruptcy and banking. She is a member of several National and Local organizations, including the State Bar of Michigan, the Michigan Land Title Standards Committee and the Michigan Bankers Association.

“Appointing Kelly Myers to our board means we will not only have invaluable expertise at our fingertips, but also ensures another local, community voice is given a spot at the table. We are excited to have Kelly on our Board and look forward to a long-standing partnership,” said Ron Justice, President and CEO of Fentura Financial, Inc. and The State Bank. “There are few people who can match her academic and business achievements, and that will prove as an invaluable asset to our leadership.”

About Fentura Financial, Inc. and The State Bank – Fentura Financial, Inc. is the holding company for The State Bank. It was formed in 1987 and is traded on the OTCQX exchange under the symbol FETM. The State Bank is a full-service, 5-star Bauer Financial-rated commercial, retail and trust bank, based in Fenton, MI. As of March 31, 2021, it had assets of $1.30 billion and currently operates 17 full-service offices in Genesee, Livingston, Oakland, Saginaw, and Shiawassee counties. The State Bank believes in the potential of banking to help create better lives, better businesses, and better communities, and works to achieve this through its full array of consumer, mortgage, SBA, commercial and wealth management banking and advisory services, together with philanthropic and volunteer support to organizations and groups within the communities it serves.

Media Contact:

Kristy Schaffer
Senior Vice President of Human Resources and Marketing
(810) 714-3983

A photo accompanying this announcement is available at

Nutrien Declares Quarterly Dividend of US$0.46 per Share

Nutrien Declares Quarterly Dividend of US$0.46 per Share

Nutrien Ltd (TSX and NYSE: NTR) announced today that its Board of Directors has declared a quarterly dividend of US$0.46 per share payable on July 16, 2021, to shareholders of record on June 30, 2021.

Registered shareholders who are residents of Canada as reflected in Nutrien’s shareholders register, as well as beneficial holders (i.e., shareholders who hold their common shares through a broker or other intermediary) whose intermediary is a participant in CDS Clearing and Depositary Services Inc. or its nominee, CDS & Co., will receive their dividend in Canadian dollars, calculated based on the Bank of Canada daily average exchange rate on June 30, 2021. Registered shareholders resident outside of Canada as reflected in Nutrien’s shareholders register, including the United States, as well as beneficial holders whose intermediary is a participant in The Depository Trust Company or its nominee, Cede & Co., will receive their dividend in US dollars. However, registered shareholders of Nutrien may elect to change the currency of their dividend payments to US dollars or Canadian dollars, as applicable. In addition, Nutrien offers registered shareholders direct deposit by electronic funds transfer for dividend payments.

Registered shareholders may elect to change the currency of their dividend and enroll for direct deposit by contacting, Nutrien’s registrar and transfer agent, Computershare Investor Services Inc., directly (1-800-564-6253 or Beneficial shareholders should contact their broker or other intermediary to determine the ability and necessary steps involved in an election to change the currency of their dividend payment. For further details, please visit

All dividends paid by Nutrien are, pursuant to subsection 89(14) of the Income Tax Act (Canada), designated as eligible dividends.

About Nutrien

Nutrien is the world’s largest provider of crop inputs and services, playing a critical role in helping growers increase food production in a sustainable manner. We produce and distribute 27 million tonnes of potash, nitrogen and phosphate products world-wide. With this capability and our leading agriculture retail network, we are well positioned to supply the needs of our customers. We operate with a long-term view and are committed to working with our stakeholders as we address our economic, environmental and social priorities. The scale and diversity of our integrated portfolio provides a stable earnings base, multiple avenues for growth and the opportunity to return capital to shareholders.

Investor Relations

Richard Downey

Vice President, Investor Relations

(403) 225-7357

Tim Mizuno

Director, Investor Relations

(306) 933-8548

Media Relations

Megan Fielding

Vice President, Brand & Culture Communications

(403) 797-3015

Contact us at:

KEYWORDS: North America Canada

INDUSTRY KEYWORDS: Agriculture Natural Resources Other Natural Resources



Arco Announces Appointment of New Director

Arco Announces Appointment of New Director

SÃO PAULO, Brazil–(BUSINESS WIRE)–Arco Platform Limited, or Arco (Nasdaq: ARCE),announced today that it has appointed Paula Soares de Sá Cavalcante to its Board of Directors, effective as of today.

The appointment of Ms. Cavalcante, a shareholder from Arco’s founding family, is part of a long-term succession plan for Mr. Oto de Sá Cavalcante and reinforces the family’s long-term commitment to Arco.

Ms. Cavalcante holds a bachelor’s degree in Business Administration from the University of Fortaleza and a postgraduate degree in Finance from Insper. She worked at Deloitte in the auditing and mergers and acquisitions areas for 4 years.

Arco’s Board of Directors is now composed of three members of the controlling family, including its non-executive Chairman, its CEO, and Ms. Cavalcante, and seven independent members, resulting in a diversity of skills and experience to enhance Arco’s decision-making and accelerate its mission of delivering high quality education at scale:




Oto Brasil de Sá Cavalcante



Ari de Sá Cavalcante Neto



Paula Soares de Sá Cavalcante



Beatriz Amary


Independent Director

Carla Schmitzberger


Independent Director

David Peixoto dos Santos


Independent Director*

Edward Ruiz


Independent Director*

Martin Escobari


Independent Director

Pablo Doberti


Independent Director*

Stelleo Tolda


Independent Director

* Member of Arco’s Audit Committee.

About Arco Platform Limited (Nasdaq: ARCE)

Arco has empowered hundreds of thousands of students to rewrite their futures through education. Our data-driven learning methodology, proprietary adaptable curriculum, interactive hybrid content, and high-quality pedagogical services allow students to personalize their learning experience with while enabling schools to thrive.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the U.S. federal securities laws. Statements contained herein that are not clearly historical in nature are forward-looking, and the words “anticipate,” “believe,” “continues,” “expect,” “estimate,” “intend,” “project” and similar expressions and future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,” “may,” or similar expressions are generally intended to identify forward-looking statements. These forward-looking statements speak only as of the date hereof and are based on Arco’s current plans, estimates of future events, expectations and trends that affect or may affect our business, financial condition, results of operations, cash flow, liquidity, prospects and the trading price of Arco’s Class A common shares, and are subject to several known and unknown uncertainties and risks, many of which are beyond Arco’s control. Therefore, current plans, anticipated actions and future financial position and results of operations may differ significantly from those expressed in any forward-looking statements in this press release. You are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented. Arco does not undertake any obligation to update publicly or to revise any forward-looking statements after we distribute this press release because of new information, future events or other factors.

Investor Relations Contact

Arco Platform Limited

Carina Carreira

KEYWORDS: South America Brazil

INDUSTRY KEYWORDS: Technology Other Education Continuing Training University Preschool Primary/Secondary Data Management Education