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 Brand commits to use of recycled and organic materials and sustainable packaging; engages world-renowned science educator, Bill Nye as its Advisor

TORONTO, April 15, 2021 /CNW/ – Today, Canada Goose published its 2020 Sustainability Report, which highlights the progress made towards its 2025 sustainability goals, sets new ambitious commitments and reaffirms its purpose to keep the planet cold and the people on it warm by strengthening its sustainability commitments and working with communities towards a brighter future for generations to come.

“This year’s Sustainability Report builds upon the hard work we started in 2019 and takes it even further,” said Gavin Thompson, Vice President of Corporate Citizenship, Canada Goose. “I’ve been incredibly inspired by our employees’ from around the world and their commitment to sustainability and the significant progress we’ve made towards our aggressive goals that address social, economic, and environmental challenges.”

In addition to the goals set forth in Canada Goose’s 2019 Sustainability Report, the company has identified new areas in which its business can make a more tangible impact. The 2020 Sustainability Report introduces two new commitments:

• Canada Goose commits to transitioning 90 per cent of its materials to Preferred Fibres and Materials (PFMs) by 2025: PFMs, such as recycled and organic fibres, are defined as sustainable alternatives to conventional materials. This commitment ensures Canada Goose will aggressively incorporate more environmentally responsible materials in its outerwear, apparel and accessories.

• Canada Goose commits to sustainable solutions in 100 per cent of its packaging by 2025: Sustainable solutions include recycled content and recyclability in packaging used across its manufacturing, direct-to-consumer and marketing operations.

In January, Canada Goose debuted its most sustainable parka to date, the Standard Expedition Parka, which will help set the standard for the future of outerwear. The Standard’s design generates 30 per cent less carbon and requires 65 per cent less water during production compared to the in-line Expedition Parka.

“At Canada Goose, our approach to design is always focused on quality, durability and functionality, while never sacrificing on performance,” said Niamh McManus, Design Director, Canada Goose. “We design for generations, not seasons, and our new product-focused sustainable commitments further reinforce that approach.”

To launch the 2020 Sustainability Report, Canada Goose partnered with world-renowned science educator, Bill Nye. A leading voice in the science community and an environmental advocate, Nye participated in a roundtable event discussing Canada Goose’s bold environmental goals and plans to achieve them.

“Climate change is real. We must act now,” said Bill Nye, Advisor to Canada Goose. “I am proud to partner with Canada Goose. They are working to keep the planet cold and the people on it warm. Working together, I believe we can bring attention to the need to manufacture products sustainably and responsibly. It’s an opportunity for corporate leadership that consumers will recognize and embrace.” 

Since releasing its inaugural Sustainability Report in April 2020, Canada Goose accomplished several initial goals outlined in its Sustainable Impact Strategy. The brand has achieved ­­carbon neutrality for company operations (Scope 1 and 2 emissions), reaffirming its strategic approach to achieving net zero emissions by 2025; joined the bluesign^® raw materials standard as an official SYSTEM Partner, created the Reclaimed Fur Standard as part of its goal to end the purchasing of new fur by 2022 and remains on track to become Responsible Down Standard (RDS) certified by the end of 2021.

Today’s announcement builds upon Canada Goose’s purpose platform, HUMANATURE, which unites its sustainability and values-based initiatives.

To read the full report, visit: canadagoose.com/sustainability.

About Canada Goose
Founded in 1957 in a small warehouse in Toronto, Canada, Canada Goose (NYSE: GOOS) (TSX: GOOS) is a lifestyle brand and a leading manufacturer of performance luxury apparel. Every collection is informed by the rugged demands of the Arctic, ensuring a legacy of functionality is embedded in every product from parkas and rainwear to apparel and accessories. Canada Goose is inspired by relentless innovation and uncompromised craftsmanship, recognized as a leader for its Made in Canada commitment. In 2020, Canada Goose announced HUMANATURE, its purpose platform that unites its sustainability and values-based initiatives, reinforcing its commitment to keep the planet cold and the people on it warm. Canada Goose also owns Baffin, a Canadian designer and manufacturer of performance outdoor and industrial footwear. Visit www.canadagoose.com for more information.

Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. These forward-looking statements address various matters and are necessarily based on a number of opinions, estimates and assumptions that we considered appropriate and reasonable as of the date of this press release. In particular, this press release contains forward-looking statements including, without limitation, with respect to (i) our sustainable impact strategy and vision; (ii) the goals underlying our strategy and our plans to advance such goals; (iii) our plans to manage our environmental impact, including our greenhouse gas emission target, our pledge to convert to Preferred Fibres and Materials, our pledge to convert to sustainable packaging, our plans to use reclaimed fur and cease purchases of new fur,  and our commitment to reducing carbon emissions; and (v) the estimated timing to achieve environmental, energy and waste reduction targets.

Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, our expectations regarding industry and seasonal trends, our business plan and growth strategies, including our ability to successfully expand our product lines and expand internationally, global geopolitical events and other disruptions, our ability to forecast inventory requirements, particularly as our direct-to-consumer channel expands, our ability to implement our growth strategies, our ability to keep pace with changing consumer preferences, our ability to maintain the strength of our brand and protect our intellectual property, our ability to accurately forecast our results, risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak, as well as the risks identified under the heading “Risk Factors” in our Annual Report on Form 20-F for the fiscal year ended March 29, 2020, and filed with the Securities and Exchange Commission (“SEC”), and the securities commissions or similar securities regulatory authorities in each of the provinces and territories of Canada (“Canadian securities regulatory authorities”), as well as the other information we file with the SEC and Canadian securities regulatory authorities. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers are cautioned that forward-looking statements are not guarantees of future performance. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release. The forward-looking statements in this press release speak only as of the date of this release, and we undertake no obligation to update or revise any of these statements.

SOURCE Canada Goose

Announces Record Profitability for Fiscal 2020

• Q4 2020 revenues of $21.9 million, up 17.1% over 2019; FY 2020 up 6.9% to $86.7 million
• Gross margins up materially over 2019, coming in at 20.6% for Q4 2020 and 19.1% for FY 2020
• Q4 2020 EBITDA
  ¹
  was $2.8 million, up 91.7% over 2019; FY 2020 up 96.9% to $12.3 million
• Q4 net income of $1.7 million, up approximately 454% over 2019
• Record FY 2020 net income of $6.3 million ($0.13 per share
  ²
  ), versus $1.5 million ($0.03 per share) in 2019
• Cash flow generation remains robust; ended the quarter with over $3.2 million of cash and no debt on short term credit facility

MONTREAL, April 15, 2021 /CNW Telbec/ – Imaflex Inc. (“Imaflex” or the “Corporation”) (TSXV: IFX), announces strong consolidated financial results for the fourth quarter (Q4) and fiscal year (FY) ended December 31, 2020 and provides a business update. All amounts are in Canadian dollars.

“It was a pivotal year for Imaflex, with the Corporation achieving record profitability, largely due to our capital investments permitting revenue growth at a higher contribution than historical norms,” said Mr. Joe Abbandonato, President and Chief Executive Officer of Imaflex. “This trend should continue in 2021 as there remains additional production capacity on these investments, which we are poised to exploit during the year. With this solid foundation, and an impressive product line-up, we are well positioned to drive continued profitable growth.” 

Consolidated Financial Highlights (unaudited)

Financial Review: Quarter and Year Ended December 31

Revenues
Revenues were up 17.1% over the fourth quarter of 2019, reaching $21.9 million. Growth was driven by product mix, including heightened sales of 5-layer and metalized agriculture films. As well, sales of converted products were up materially over 2019. During the quarter, product pricing gradually firmed-up over 2019 levels as resin costs continued to rise above the market bottom reached earlier in 2020. As Imaflex has no long-term customer contracts, it is able to adjust product pricing in accordance with resin input costs, although there is usually a 30-day lag between a resin price increase and when customer pricing can be revised. 

Revenues came in at $86.7 million for fiscal 2020, up 6.9% over 2019, while overall extruded film sales volumes on a poundage basis were up 9% year-over-year. Growth was driven by robust flexible packaging sales volumes, along with heightened sales of agricultural films and converted products, partially offset by the lower pricing environment caused by on-going competitive pressures and lower resin prices.      

Gross Profit 
The quarterly gross profit remained well above prior-year levels, coming in at $4.5 million or 20.6% of sales as compared to $2.6 million and 14.1% of sales in 2019. The improvement was largely driven by the positive impact of scale on the business, whereby incremental revenues have a fairly meaningful effect on margins due to the diminished impact of labor and overhead costs relative to sales.   

The gross profit for fiscal 2020 was also notably higher, reaching $16.6 million or 19.1% of sales, versus $11.0 million and 13.5% of sales in 2019. The increase was driven by the same factors outlined for the quarter. As well, during the front end of 2020 Imaflex benefited from favourable fluctuations in foreign exchange.  

Operating Expenses
Selling and administrative expenses were $1.5 million for the fourth quarter of 2020, down 13.4% from $1.7 million in 2019, due largely to a decrease in administrative expenses. This, combined with the higher revenue base for the current quarter, also generated lower year-over-year selling and administrative expenses as a percent of sales, which came in at 6.6% for the fourth quarter of 2020, versus 8.9% in the prior year.  

For calendar 2020, selling and administrative expenses were $7.1 million, up slightly from $7.0 million in 2019 due to increased sales commissions resulting from stronger revenues year-over-year. As a result of the higher revenue base for fiscal 2020, selling and administrative expenses as a percentage of sales were down versus 2019, coming in at 8.2% for calendar 2020 versus 8.7% in 2019. 

Due essentially to the depreciation of the US dollar against the Canadian dollar, Imaflex recorded a foreign exchange & other loss of $1.0 million in the fourth quarter of 2020, compared to a loss of $0.4 million in 2019. This created an unfavourable year-over-year variance of $0.6 million. A one-time loss of $0.1 million is included in the current quarter relating to the disposition of assets. 

For fiscal 2020, Imaflex recorded a foreign exchange & other loss of $0.5 million, down from a loss of $0.9 million in 2019, culminating in a favourable year-over-year variance. A majority of the Corporation’s foreign exchange gains and losses are non-cash impacting and largely relate to intercompany balances for which Imaflex can control the time of settlement.  

Net Income and EBITDA  
Net income came in at $1.7 million for the fourth quarter of 2020, up 454.1% over the $0.3 million realized in the prior year. The year-over-year improvement was largely due to the higher gross profit and lower administrative expenses in the current quarter, partially offset by the higher foreign exchange and other losses versus 2019.

For fiscal 2020, net income was $6.3 million, up 313.3% over the prior year. The increase was driven by the higher gross profit and lower foreign exchange losses in 2019.   

EBITDA stood at $2.8 million or 12.8% of sales for the current quarter, up materially from $1.5 million and 7.8% of sales in 2019. On a constant currency basis, EBITDA came in at $3.7 million (16.7% of sales) for the fourth quarter of 2020, up 99.1% from $1.8 million (9.8% of sales) in 2019.  

For fiscal 2020, EBITDA came in at $12.3 million or 14.2% of sales, up from $6.3 million and 7.7% of sales in 2019. Excluding the impact of foreign exchange, EBITDA was $12.8 million (14.7% of sales) for calendar 2020, up 78.7% from $7.1 million (8.8% of sales) in 2019.

Liquidity and Capital Resources
Cash flows from operating activities, before movements in working capital and income taxes, stood at $3.8 million for the fourth quarter of 2020, up from $1.8 million in the prior year. Including movements in working capital and taxes paid, net cash generated by operating activities was $2.2 million for the current quarter, versus $2.7 million in 2019. The decrease over 2019 was largely driven by movements in trade and other receivables and inventories.   

For fiscal 2020, cash flows from operating activities, before movements in working capital and income taxes, stood at $12.8 million, up from $7.2 million in 2019. Including movements in working capital and taxes paid, net cash generated by operating activities stood at $12.0 million for calendar 2020, versus $9.7 million in the prior year. 

As at December 31, 2020, Imaflex had approximately $15.2 million of cash available for operating activities, including $3.2 million of cash and the full $12.0 million available under its revolving line of credit.  

ADVASEAL® Update
As previously announced, Imaflex has one remaining step before submitting the registration package for EPA approval of ADVASEAL® as a new physical pesticide formulation. Four of the five active ingredients (“active ingredients” or “TGAI”³) used on ADVASEAL® come from Asia and are not yet registered in the U.S.A. To simplify their registration as generic pesticides Imaflex has mandated a lab to prove their equivalence with TGAIs already registered and marketed in the U.S.A. Going forward, holding our own TGAI registration should provide us with greater autonomy as we commercialize ADVASEAL®, while also making us less reliant on a particular supplier. The work is progressing well and Imaflex remains on track to submit the TGAI and ADVASEAL registration package around summer 2021.   

Impact of COVID-19 – All plants remain fully operational and running at normal levels
COVID-19 continues to have no significant impact on operations, nor is the Corporation experiencing any material issues with customer receivables or delays with suppliers and distribution channels.  Imaflex is considered an essential vendor due to the important role its products play in protecting and preserving the integrity of products, particularly within the food and packaging industry.  All plants remain fully operational and running at normal business levels, while no material capital project has been halted.  Each plant has the ability to take on more volume should it be required due to business interruption at another location or heightened order flow. The Corporation is monitoring developments closely and taking strong preventative measures to protect its employees, customers and business.

Outlook
“Looking ahead, the impact of COVID-19 on our business, financial situation and results remains unclear and cannot be predicted,” said Mr. Abbandonato. “Any outbreak at one of our plants, deferrals in purchases, payment issues with customers, or supply and distribution delays could impact performance. However, these risks are considered temporary and with a strong balance sheet and dynamic team the Corporation is well positioned to meet any challenges ahead.”

“Imaflex operates in a competitive pricing environment. This said, we believe our diversified customer base and multi-year investments in growth and innovation put us in a strong position, as reflected in the solid financials seen throughout 2020. The benefit and impact of our increasing scale should also continue, whereby incremental sales fall fairly meaningfully to the bottom line. Going forward, our sound balance sheet and strong cash flows also provides us with the financial flexibility to more readily purchase capital assets and look at possible acquisitions.” 

Caution Regarding Non-IFRS Financial Measures
The Company’s management uses a non-IFRS measure in this press release, namely EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) and EBITDA excluding foreign exchange.   

While EBITDA is not a standard International Financial Reporting Standards (IFRS) measure, management, analysts, investors and others use it as an indicator of the Company’s financial and operating management and performance. EBITDA should not be construed as an alternative to net income determined in accordance with IFRS as an indicator of the Company’s performance. The Company’s method of calculating EBITDA may be different from those used by other companies and accordingly it should not be considered in isolation.

About Imaflex Inc.
Founded in 1994, Imaflex is focused on the development and manufacturing of innovative solutions for the flexible packaging space. Concurrently, the Corporation develops and manufactures films for the agriculture industry. The Corporation’s products consist primarily of polyethylene (plastic) film and bags, including metalized plastic film, for the industrial, agricultural and consumer markets.   Headquartered in Montreal, Quebec, Imaflex has manufacturing facilities in Canada and the United States. The Corporation’s common stock is listed on the TSX Venture Exchange under the ticker symbol IFX. Additional information is available at www.imaflex.com.

Cautionary Statement on Forward Looking Information

Certain information included in this press release constitutes “forward-looking” statements within the meaning of Canadian securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the management of the Corporation, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies.The Corporation cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of Imaflex to be materially different from the Corporation’s estimated future results, performance or achievements expressed or implied by those forward-looking statements and that the forward-looking statements are not guarantees of future performance. These statements are also based on certain factors and assumptions. For more details on these estimates, risks, assumptions and factors, see the Corporation’s most recent Management Discussion and Analysis filed on SEDAR at www.sedar.com and on the investor section of the Corporation’s website at www.imaflex.com. The Corporation disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise, except as expressly required by law. Readers are cautioned not to put undue reliance on these forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Imaflex Inc.

LEAMINGTON, ON, April 15, 2021 /PRNewswire/ – Aphria Inc. (“Aphria“) (TSX: APHA) (NASDAQ: APHA), a leading global cannabis-lifestyle consumer packaged goods company, today announced that its holders (the “Aphria Shareholders“) of Aphria’s common shares (the “AphriaShares“) at the special meeting of Aphria Shareholders (the “Meeting“) approved the previously announced arrangement (the “Arrangement“) under the Business Corporations Act (Ontario), pursuant to which, among other things, Tilray, Inc. (“Tilray“) and following the Arrangement, the “Combined Company“) will acquire all of the issued and outstanding  Aphria Shares. Pursuant to the Arrangement, the Aphria Shareholders will receive 0.8381 (the “Exchange Ratio“) of a Tilray share of class 2 common stock (the “Tilray Shares“) for each Aphria Share held, while holders of Tilray Shares (the “Tilray Stockholders“) will continue to hold their Tilray Shares with no adjustment to their holdings.

The special resolution approving the Arrangement (the “Arrangement Resolution“) was required to be passed by at least two-thirds (66 2/3%) of the votes cast at the Meeting by the Aphria Shareholders voting virtually or represented by proxy at the Meeting. A total of 108,409,367 Aphria Shares were represented by proxy at the Meeting, representing approximately 34.43% of the issued and outstanding Aphria Shares. Of the total Aphria Shares voted, 99.38% voted FOR the Arrangement.

Irwin D. Simon, Aphria’s Chairman and Chief Executive Officer, who will hold these same roles with the Combined Company, commented, “I want to thank all Aphria Shareholders for voting and approving the Arrangement. We appreciate their support, as we believe the business combination will create a Combined Company with a strong financial profile, low-cost production, market share leading brands, distribution network and unique partnerships,.The Combined Company will  be increasingly well positioned to deliver a sustainable attractive return for our combined shareholder base.”

Closing of the Arrangement remains subject to certain customary closing conditions, including court approval and the approval of Tilray Stockholders.

Aphria Shareholder Questions and Assistance
Aphria Shareholders who have questions or require further information about the Arrangement may contact Laurel Hill Advisory Group, Aphria’s proxy solicitation agent, by telephone at 1-877-452-7184 (North American Toll-Free), or 1-416-304-0211 (Outside North America), or by email to [email protected].

We Have A Good Thing Growing

About Aphria Inc.
Aphria Inc. is a leading global cannabis-lifestyle consumer packaged goods company with operations in Canada, United States, Europe and Latin America, that is changing people’s lives for the better – one person at a time – by inspiring and empowering the worldwide community to live their very best life by providing them with products that meet the needs of their mind, body and soul and invoke a sense of wellbeing. Aphria’s mission is to be the trusted partner for its patients and consumers by providing them with a cultivated experience and health and wellbeing through high-quality, differentiated brands and innovative products. Headquartered in Leamington, Ontario, Aphria cultivates, processes, markets and sells medical and adult-use cannabis, cannabis-derived extracts and derivative cannabis products in Canada under the provisions of the Cannabis Act and globally pursuant to applicable international regulations. Aphria also manufactures, markets and sells alcoholic beverages in the United States. For more information, visit: aphriainc.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain information in this news release constitutes forward-looking information or forward-looking statements (together, “forward-looking statements“) under Canadian securities laws or within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. The forward-looking statements are expressly qualified by this cautionary statement. Forward-looking statements are provided for the purpose of presenting information about management’s current expectations and plans relating to the future, and readers are cautioned that such statements may not be appropriate for other purposes. Any information or statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements, including, but not limited to, statements in this news release with regards to: (i) the Arrangement; (ii) the expected strategic and financial benefits of the Arrangement; and (iii) statements regarding the value and returns to Aphria Shareholders expected to be generated by the Arrangement. Aphria uses words such as “forecast”, “future”, “should”, “could”, “enable”, “potential”, “contemplate”, “believe”, “anticipate”, “estimate”, “plan”, “expect”, “intend”, “may”, “project”, “will”, “would” and the negative of these terms or similar expressions to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Certain material factors or assumptions were used in drawing the conclusions contained in the forward-looking statements throughout this news release, including the ability of Aphria and Tilray to receive, if at all, , in a timely manner and on satisfactory terms, the necessary shareholder and court approvals for the Arrangement, the conditions to closing of the Arrangement being satisfied, that the Arrangement will yield the expected strategic and financial benefits and generate returns for shareholders and other expectations and assumptions concerning the Arrangement. Forward-looking statements reflect current beliefs of management of Aphria with respect to future events and are based on information currently available to its management team, including the reasonable assumptions, estimates, analysis and opinions of management of Aphria considering its experience, perception of trends, current conditions and expected developments as well as other factors that management believes to be relevant as at the date such statements are made. Forward-looking statements involve significant known and unknown risks and uncertainties. Many factors could cause actual results, performance or achievement to be materially different from any future forward-looking statements. Factors that may cause such differences include, but are not limited to, risks assumptions and expectations described in Aphria’s and Tilray’s critical accounting policies and estimates; the adoption and impact of certain accounting pronouncements; Aphria’s and Tilray’s future financial and operating performance; the competitive and business strategies of Aphria and Tilray; the intention to grow the business, operations and potential activities of Aphria and Tilray; the ability of Aphria to complete the Arrangement; Tilray’s ability to provide a return on investment; Tilray’s ability to maintain a strong financial position and manage costs; the ability of Aphria and Tilray to maximize the utilization of their existing assets and investments and that the completion of the Arrangement is subject to the satisfaction or waiver of a number of conditions as set forth in the arrangement agreement entered into between Aphria and Tilray dated December 15, 2020, as amended on February 19, 2021 (the “Arrangement Agreement“). There can be no assurance as to when these conditions will be satisfied or waived, if at all, or that other events will not intervene to delay or result in the failure to complete the Arrangement. There is a risk that some or all the expected benefits of the Arrangement may fail to materialize or may not occur within the time periods anticipated by Aphria. The challenge of coordinating previously independent businesses makes evaluating the business and future financial prospects of the Combined Company difficult. Material risks that could cause actual results to differ from forward-looking statements also include the inherent uncertainty associated with the financial and other projections a well as market changes arising from governmental actions or market conditions in response to the COVID-19 public health crisis; the prompt and effective integration of the Combined Company; the ability to achieve the anticipated synergies and value-creation anticipated by Aphria; the risk associated with Aphria’s and Tilray’s ability to obtain the approvals of their shareholders required to consummate the Arrangement and the timing of the closing of the Arrangement, including the risk that the conditions to closing are not satisfied on a timely basis or at all; the outcome of any legal proceedings that may be instituted against Aphria and/or Tilray related to the Arrangement Agreement; the response of business partners and retention as a result of the announcement and pendency of the Arrangement; risks relating to the value of the Tilray Shares to be issued in connection with the Arrangement; the impact of competitive responses to the announcement of the Arrangement; and the diversion of management time on transaction-related issues. Readers are cautioned that the foregoing list of factors is not exhaustive. Other risks and uncertainties not presently known to Aphria or that Aphria presently believes are not material could also cause actual results or events to differ materially from those expressed in the forward-looking statements contained herein. For a more detailed discussion of risks and other factors, see the most recently filed annual information form of Aphria made with applicable securities regulatory authorities and available on SEDAR and EDGAR. The forward-looking statements included in this news release are made as of the date of this news release and Aphria does not undertake any obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws.

Additional Information About the Arrangement and Where to Find It

This news release is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. This release is being made in respect of the proposed Arrangement involving Aphria and Tilray pursuant to the terms of an Arrangement Agreement and may be deemed to be soliciting material relating to the proposed Arrangement.

In connection with the Arrangement, Aphria and Tilray have filed a joint proxy statement/management information circular (the “Circular“) containing important information about the Arrangement and related matters. The Circular has been made available by Aphria on its SEDAR profile and is available on EDGAR. Additionally, Aphria will file other relevant materials in connection with the Arrangement with the applicable securities regulatory authorities. Investors and security holders of Aphria are urged to carefully read the entire Circular (including any amendments or supplements to such documents), respectively, before making any voting decision with respect to the Arrangement Resolution because they contain important information about the Arrangement and the parties to the Arrangement. The Circular has been mailed to Aphria Shareholders and is accessible on Aphria’s SEDAR and EDGAR profile.

Investors and security holders of Aphria are able to obtain a free copy of the Circular, as well as other relevant filings containing information about Aphria and the Arrangement, including materials incorporated by reference into the Circular, without charge, under Aphria’s profile on SEDAR at www.sedar.com or from Aphria by contacting Aphria’s investor relations at [email protected].

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SOURCE Aphria Inc.

TORONTO, April 15, 2021 /PRNewswire/ — Today, Canada Goose published its 2020 Sustainability Report, which highlights the progress made towards its 2025 sustainability goals, sets new ambitious commitments and reaffirms its purpose to keep the planet cold and the people on it warm by strengthening its sustainability commitments and working with communities towards a brighter future for generations to come.

“This year’s Sustainability Report builds upon the hard work we started in 2019 and takes it even further,” said Gavin Thompson, Vice President of Corporate Citizenship, Canada Goose. “I’ve been incredibly inspired by our employees’ from around the world and their commitment to sustainability and the significant progress we’ve made towards our aggressive goals that address social, economic, and environmental challenges.”

In addition to the goals set forth in Canada Goose’s 2019 Sustainability Report, the company has identified new areas in which its business can make a more tangible impact. The 2020 Sustainability Report introduces two new commitments:

• Canada Goose commits to transitioning 90 per cent of its materials to Preferred Fibres and Materials (PFMs) by 2025: PFMs, such as recycled and organic fibres, are defined as sustainable alternatives to conventional materials. This commitment ensures Canada Goose will aggressively incorporate more environmentally responsible materials in its outerwear, apparel and accessories.

• Canada Goose commits to sustainable solutions in 100 per cent of its packaging by 2025: Sustainable solutions include recycled content and recyclability in packaging used across its manufacturing, direct-to-consumer and marketing operations.

In January, Canada Goose debuted its most sustainable parka to date, the Standard Expedition Parka, which will help set the standard for the future of outerwear. The Standard’s design generates 30 per cent less carbon and requires 65 per cent less water during production compared to the in-line Expedition Parka.

“At Canada Goose, our approach to design is always focused on quality, durability and functionality, while never sacrificing on performance,” said Niamh McManus, Design Director, Canada Goose. “We design for generations, not seasons, and our new product-focused sustainable commitments further reinforce that approach.”

To launch the 2020 Sustainability Report, Canada Goose partnered with world-renowned science educator, Bill Nye. A leading voice in the science community and an environmental advocate, Nye participated in a roundtable event discussing Canada Goose’s bold environmental goals and plans to achieve them.

“Climate change is real. We must act now,” said Bill Nye, Advisor to Canada Goose. “I am proud to partner with Canada Goose. They are working to keep the planet cold and the people on it warm. Working together, I believe we can bring attention to the need to manufacture products sustainably and responsibly. It’s an opportunity for corporate leadership that consumers will recognize and embrace.” 

Since releasing its inaugural Sustainability Report in April 2020, Canada Goose accomplished several initial goals outlined in its Sustainable Impact Strategy. The brand has achieved ­­carbon neutrality for company operations (Scope 1 and 2 emissions), reaffirming its strategic approach to achieving net zero emissions by 2025; joined the bluesign® raw materials standard as an official SYSTEM Partner, created the Reclaimed Fur Standard as part of its goal to end the purchasing of new fur by 2022 and remains on track to become Responsible Down Standard (RDS) certified by the end of 2021.

Today’s announcement builds upon Canada Goose’s purpose platform, HUMANATURE, which unites its sustainability and values-based initiatives.

To read the full report, visit: canadagoose.com/sustainability.

About Canada Goose
Founded in 1957 in a small warehouse in Toronto, Canada, Canada Goose (NYSE:GOOS, TSX:GOOS) is a lifestyle brand and a leading manufacturer of performance luxury apparel. Every collection is informed by the rugged demands of the Arctic, ensuring a legacy of functionality is embedded in every product from parkas and rainwear to apparel and accessories. Canada Goose is inspired by relentless innovation and uncompromised craftsmanship, recognized as a leader for its Made in Canada commitment. In 2020, Canada Goose announced HUMANATURE, its purpose platform that unites its sustainability and values-based initiatives, reinforcing its commitment to keep the planet cold and the people on it warm. Canada Goose also owns Baffin, a Canadian designer and manufacturer of performance outdoor and industrial footwear. Visit www.canadagoose.com for more information.

Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. These forward-looking statements address various matters and are necessarily based on a number of opinions, estimates and assumptions that we considered appropriate and reasonable as of the date of this press release. In particular, this press release contains forward-looking statements including, without limitation, with respect to (i) our sustainable impact strategy and vision; (ii) the goals underlying our strategy and our plans to advance such goals; (iii) our plans to manage our environmental impact, including our greenhouse gas emission target, our pledge to convert to Preferred Fibres and Materials, our pledge to convert to sustainable packaging, our plans to use reclaimed fur and cease purchases of new fur,  and our commitment to reducing carbon emissions; and (v) the estimated timing to achieve environmental, energy and waste reduction targets.

Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, our expectations regarding industry and seasonal trends, our business plan and growth strategies, including our ability to successfully expand our product lines and expand internationally, global geopolitical events and other disruptions, our ability to forecast inventory requirements, particularly as our direct-to-consumer channel expands, our ability to implement our growth strategies, our ability to keep pace with changing consumer preferences, our ability to maintain the strength of our brand and protect our intellectual property, our ability to accurately forecast our results, risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak, as well as the risks identified under the heading “Risk Factors” in our Annual Report on Form 20-F for the fiscal year ended March 29, 2020, and filed with the Securities and Exchange Commission (“SEC”), and the securities commissions or similar securities regulatory authorities in each of the provinces and territories of Canada (“Canadian securities regulatory authorities”), as well as the other information we file with the SEC and Canadian securities regulatory authorities. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers are cautioned that forward-looking statements are not guarantees of future performance. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release. The forward-looking statements in this press release speak only as of the date of this release, and we undertake no obligation to update or revise any of these statements.

Media Contact
:

[email protected]

 

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SOURCE Canada Goose

ARLINGTON, Va., April 15, 2021 /PRNewswire/ — The AES Corporation (NYSE: AES) announced today that it has been notified of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation to purchase up to 4,000,000 shares of AES’ common stock, or approximately 0.598% of outstanding shares, at a price of $26.50 per share. This price is approximately 6.6% below the closing price of AES’ common stock on April 14, 2021 ($28.37, the day prior to this release), and a 4.4% discount to the closing price of AES’ common stock on the date of the tender offer ($27.72 on April 9, 2021).

AES does not endorse TRC Capital’s offer and recommends that AES’ stockholders reject the offer and not tender their shares in response to TRC Capital’s unsolicited mini-tender offer. This mini-tender offer is at a discount below the market price for AES’ shares (as shown above) and is subject to numerous conditions, including TRC Capital’s ability to obtain financing. AES is not associated in any way with TRC Capital, its mini-tender offer or the offer documentation. AES believes that TRC Capital’s offer is an opportunistic attempt by TRC Capital to purchase shares at a discount to the market price.

Like TRC Capital’s similar offers to the shareholders of other companies, this one puts individual investors at risk because they may not realize they are selling their shares at a discount. AES urges investors to obtain current market quotations for their shares, review the conditions to the offer, consult with their broker or financial adviser and to exercise caution with respect to TRC Capital’s mini-tender offer.

AES’ stockholders who have already tendered are advised that they may withdraw their shares by providing the written notice described in the TRC Capital offering documents prior to the expiration of the offer, which is currently scheduled at 12:01 a.m.New York City time on May 11, 2021.

AES encourages brokers and dealers, as well as other market participants, to review the SEC’s letter regarding broker-dealer mini-tender offer dissemination and disclosures at www.sec.gov/divisions/marketreg/minitenders/sia072401.htm and the NASD Notice to Members 99-53 issued in July 1999, regarding guidance to members forwarding mini-tender offers to their customers, which can be found at http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p004221.pdf.

AES requests that a copy of this press release be included with all distributions of materials relating to TRC Capital’s offer.

About AES

The AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy. Together with our many stakeholders, we’re improving lives by delivering the greener, smarter energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence, while partnering with our customers on their strategic energy transitions and continuing to meet their energy needs today. For more information, visit www.aes.com.

Safe Harbor Disclosure

This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, those related to future earnings, growth and financial and operating performance. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute AES’ current expectations based on reasonable assumptions. Forecasted financial information is based on certain material assumptions. These assumptions include, but are not limited to, our expectations regarding the COVID-19 pandemic, accurate projections of future interest rates, commodity price and foreign currency pricing, continued normal levels of operating performance and electricity volume at our distribution companies and operational performance at our generation businesses consistent with historical levels, as well as the execution of PPAs, conversion of our backlog and growth investments at normalized investment levels and rates of return consistent with prior experience.

Actual results could differ materially from those projected in our forward-looking statements due to risks, uncertainties and other factors. Important factors that could affect actual results are discussed in AES’ filings with the Securities and Exchange Commission (the “SEC”), including, but not limited to, the risks discussed under Item 1A: “Risk Factors” and Item 7: “Management’s Discussion & Analysis” in AES’ 2020 Annual Report on Form 10-K and in subsequent reports filed with the SEC. Readers are encouraged to read AES’ filings to learn more about the risk factors associated with AES’ business. AES undertakes no obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise.

Any Stockholder who desires a copy of the Company’s 2020 Annual Report on Form 10-K filed February 25, 2021 with the SEC may obtain a copy (excluding Exhibits) without charge by addressing a request to the Office of the Corporate Secretary, The AES Corporation, 4300 Wilson Boulevard, Arlington, Virginia 22203. Exhibits also may be requested, but a charge equal to the reproduction cost thereof will be made. A copy of the Form 10-K may be obtained by visiting the Company’s website at www.aes.com.

Website Disclosure

AES uses its website, including its quarterly updates, as channels of distribution of Company information. The information AES posts through these channels may be deemed material.  Accordingly, investors should monitor our website, in addition to following AES’ press releases, quarterly SEC filings and public conference calls and webcasts. In addition, you may automatically receive e-mail alerts and other information about AES when you enroll your e-mail address by visiting the “Subscribe to Alerts” page of AES’ Investors website. The contents of AES’ website, including its quarterly updates, are not, however, incorporated by reference into this release.

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SOURCE The AES Corporation

PITTSBURGH, April 15, 2021 /PRNewswire/ — EQT Corporation (NYSE: EQT) today issued the following statement in support of H.J. Resolution 34, and S.J. Resolution 14 of the 117th Congress, which provide for Congressional disapproval of the 2020 Methane Rescission Rule submitted by the Administrator of the Environmental Protection Agency relating to “Oil and Natural Gas Sector: Emission Standards for New, Reconstructed, and Modified Sources Review” (85 Fed. Reg. 57018 (September 14, 2020)):

“As the nation’s largest natural gas producer, EQT knows that natural gas will continue to play a meaningful role in accelerating a sustainable pathway to a low carbon future.  We believe the responsible development of natural gas will help meet future global energy demand as we address climate change together.  As an industry leader in reducing methane emissions, we support reinstituting NSPS OOOOa as a uniform federal standard.  EQT is committed to working with elected officials, regulators and other stakeholders to establish sound environmental policies that promote increased access to clean and affordable energy sources.” 

Earlier today, EQT announced its commitment to seek independent certification of a majority of its produced natural gas under certification standards developed by Equitable Origin and MiQ. The certification process is expected to commence this month, and it is anticipated that certification from Equitable Origin and MiQ will be obtained later this year.

These certifications will expand EQT’s growing portfolio of certified natural gas, sometimes referred to as responsibly sourced gas. When its certification project with Equitable Origin and MiQ is completed, EQT will be producing more certified gas than any other producer’s total domestic natural gas production (certified or uncertified). Equitable Origin has a proven track record of certifying energy companies on ESG indicators in accordance with its EO100™ Standard for Responsible Energy Development, a set of rigorous ESG performance standards for energy development projects. MiQ, a non-profit partnership between RMI and SYSTEMIQ, is pioneering a market-based approach to rapidly reduce methane emissions across the natural gas sector.

“We are committed to the highest standards of performance for our production operations,” said Toby Rice, President and Chief Executive Officer of EQT.  “Sound federal policies such as a reinstitution of NSPS OOOOa and independent certifications such as our project with Equitable Origin and MiQ will allow us to further demonstrate our commitment to producing our natural gas in accordance with high environmental and social standards, differentiating our company and supporting our collective objectives of accelerating a sustainable pathway to a low carbon future.”

Contacts

Investors:

Andrew Breese

Director, Investor Relations
412.395.2555
[email protected]

Media:

Kelly Kimberly

713.822.7538
[email protected]

About EQT
EQT Corporation is a leading independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology, and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a longstanding commitment to the safety of our employees, contractors, and communities, and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day – trust, teamwork, heart, and evolution are at the center of all we do. To learn more, visit eqt.com.

Cautionary Statements
This news release contains certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Statements that do not relate strictly to historical or current facts are forward-looking. Without limiting the generality of the foregoing, forward-looking statements contained in this news release specifically include the expectations of plans, strategies and objectives of EQT Corporation and its subsidiaries (collectively, the Company), including the projected terms, scope, benefits and results of the natural gas certification project with Equitable Origin and MiQ (the Project), the projected market for certified natural gas, and the timing of implementation of the Project and obtaining certification or whether the Project and certifications will be implemented or obtained at all. The risks and uncertainties that may affect the implementation and execution of the Project and other forward-looking statements made herein include, but are not limited to, volatility of commodity prices; the costs and results of drilling and operations; access to and cost of capital; uncertainties about estimates of reserves, identification of drilling locations and the ability to add proved reserves in the future; the assumptions underlying production forecasts; the quality of technical data; the Company’s ability to appropriately allocate capital and resources among its strategic opportunities; inherent hazards and risks normally incidental to drilling for, producing, transporting and storing natural gas, NGLs and oil; cyber security risks; availability and cost of drilling rigs, completion services, equipment, supplies, personnel, oilfield services and water required to execute the Company’s exploration and development plans; the ability to obtain environmental and other permits and the timing thereof; government regulation or action; environmental and weather risks, including the possible impacts of climate change; uncertainties related to the severity, magnitude and duration of the COVID-19 pandemic; and disruptions to the Company’s business due to acquisitions and other significant transactions. These and other risks are described under Item 1A, “Risk Factors,” and elsewhere in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, as updated by Part II, Item 1A, “Risk Factors” in the Company’s subsequently filed Quarterly Reports on Form 10-Q and other documents the Company files from time to time with the Securities and Exchange Commission. In addition, the Company may be subject to currently unforeseen risks that may have a materially adverse impact on it.

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SOURCE EQT Corporation (EQT-IR)

RESTON, Va., April 15, 2021 /PRNewswire/ — Comscore (Nasdaq: SCOR), a trusted partner for planning, transacting and evaluating media across platforms, today announced a renewal agreement with broadcast online software and information provider TitanTV, Inc. Under the terms of the agreement, Comscore will continue to utilize TitanTV’s MediaStar tool to aggregate as-run television schedules from its affiliates.

“We are excited to continue our partnership with Comscore with the release of new features in MediaStar, which were developed with user feedback to provide a more efficient and easy-to-use way to make quick as-run changes in the online tool,” said Heidi Steffen, SVP Sales and Marketing for TitanTV. “We have developed a great working relationship with Comscore’s linear schedule and sales teams over the years; they have become integral partners with the MediaStar Product Team as we continue to improve and build out the product to better suit the ever-changing broadcast industry.”

“We are excited to continue our partnership with TitanTV,” said David Algranati, Chief Product Officer, Comscore. “Accurate and timely TV schedule data is foundational to Comscore’s linear TV products and to our clients successful use of our Local currency, and TitanTV has been a fantastic partner to Comscore, working with us and our clients to evolve their products to meet station demand.”

With more than a decade of experience measuring television viewership from return path devices across tens of millions of households in all local markets, Comscore is a leader in instrumenting change in television measurement by enabling the adoption of advanced audiences and the move to impressions, which allow the industry to go beyond age and gender to evaluate based on consumer behaviors, interests and lifestyles. This enables TV stations, networks, advertisers, agencies and media companies at both local and national levels to effectively find and reach their ideal audiences to maximize their revenues.

About Comscore
Comscore (NASDAQ: SCOR) is a trusted partner for planning, transacting and evaluating media across platforms. With a data footprint that combines digital, linear TV, over-the-top and theatrical viewership intelligence with advanced audience insights, Comscore allows media buyers and sellers to quantify their multiscreen behavior and make business decisions with confidence. A proven leader in measuring digital and TV audiences and advertising at scale, Comscore is the industry’s emerging, third-party source for reliable and comprehensive cross-platform measurement. To learn more, visit www.comscore.com.

About TitanTV
TitanTV, Inc. is the broadcast industry’s foremost online software and information provider. It delivers real-time tools for signal prediction, PSIP metadata, desktop and mobile guides, waiver compliance and more.  TitanTV also provides a suite of program scheduling tools that enable broadcasters to efficiently maintain their schedules, whether for a single station or in a “Central Command” scenario in a station group where one station is responsible for maintaining the schedules of many others. A contract management component ensures syndicated series and movies are aired according to the terms of their respective contracts. The company also maintains the consumer sites, TitanTV.com, a free online television guide, and AntennaWeb.org, a site dedicated to enabling consumers to discover the number of over-the-air channels available from local broadcasters and how to choose the correct antenna to receive them.

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SOURCE Comscore

NEW YORK, April 15, 2021 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced ABAXX Technologies Inc. (NEO Exchange: ABXX; OTCQX: ABXXF), a financial technology company, has qualified to trade on the OTCQX® Best Market.

ABAXX Technologies Inc. begins trading today on OTCQX under the symbol “ABXXF.”  U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

B. Riley Securities, Inc. acted as the company’s OTCQX sponsor.

About ABAXX Technologies Inc.

Abaxx is a financial software company developing and deploying infrastructure and tools for commodity exchanges and digital commerce broadly.  These applications enhance data privacy, accelerate transaction velocity and improve risk management strategies.  Abaxx is the majority owner of  Abaxx Singapore Pte. Ltd. (“AEX”, or “Abaxx.Exchange”) – a commodity futures exchange seeking final regulatory approvals as a Recognized Market Operator (“RMO”) and Approved Clearing House (“ACH”) from the Monetary Authority of Singapore (“MAS”), and the owner of the LabMag and KeMag iron ore assets, resulting from the acquisition of New Millennium Iron Corp.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities.  Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services.  We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.

Subscribe to the OTC Markets RSS Feed

Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, [email protected] 

 

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SOURCE OTC Markets Group Inc.

NEW YORK, April 15, 2021 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced Verano Holdings Corp. (CSE: VRNO; OTCQX: VRNOF), a leading multi-state cannabis company, has qualified to trade on the OTCQX® Best Market. Verano Holdings Corp. upgraded to OTCQX from the Pink® market.

Verano Holdings Corp. begins trading today on OTCQX under the symbol “VRNOF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors.  For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

“We’re honored to be upgraded to OTCQX, which allows us to increase visibility and improve liquidity,” said George Archos, Co-Founder and CEO of Verano. “This marks yet another step in maximizing long-term shareholder value, which we will achieve as we continue to elevate our footprint and product portfolio in key markets throughout the country.”

Dorsey & Whitney LLP acted as the company’s OTCQX sponsor.

About Verano Holdings Corp.
Verano Holdings Corp. is a leading, vertically-integrated, multi-state cannabis operator in the U.S., devoted to the ongoing improvement of communal wellness by providing responsible access to regulated cannabis products. With a mission to address vital health and wellness needs, Verano produces a comprehensive suite of premium, innovative cannabis products sold under its trusted portfolio of consumer brands: Verano, Avexia, Encore, and MÜV™. The company’s portfolio encompasses 14 U.S. States, with active operations in 11, which includes eight production facilities comprising approximately 770,000 square feet of cultivation. Verano designs, builds, and operates dispensaries under retail brands Zen Leaf™ and MÜV™, delivering a superior cannabis shopping experience in both medical and adult-use markets. Learn more at www.verano.com.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities.  Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services.  We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.

Subscribe to the OTC Markets RSS Feed

Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, [email protected] 

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SOURCE OTC Markets Group Inc.

WALTHAM, Mass., April 15, 2021 /PRNewswire/ — Syndax Pharmaceuticals, Inc. (“Syndax,” the “Company” or “we”) (Nasdaq:SNDX), a clinical stage biopharmaceutical company developing an innovative pipeline of cancer therapies, today announced that it will host a conference call and live webcast to provide updated data from the Phase 1 dose escalation portion of the ongoing Phase 1/2 AUGMENT-101 trial of SNDX-5613 in patients with relapsed or refractory acute leukemias on Tuesday, April 20, 2021 at 8:00 a.m. ET. SNDX-5613 is the Company’s highly selective, oral menin inhibitor.

The event will feature the trial’s principal investigator, Eytan M. Stein, M.D., Assistant Attending Physician and Director, Program for Drug Development in Leukemia, Department of Medicine at Memorial Sloan Kettering Cancer Center.

Conference Call and Webcast Details

The live video webcast and accompanying slides may be accessed through the Events & Presentations page in the Investors section of the Company’s website at www.syndax.com. Alternatively, the conference call may be accessed through the following:

Conference ID: 3129568
Domestic Dial-in Number: (877) 474-0326
International Dial-in Number: (918) 922-6881
Live webcast: https://onlinexperiences.com/Launch/QReg/ShowUUID=E0296F2E-256E-494B-A4F6-FD7220BACE26

For those unable to participate in the live event, a replay will be available on the Investors section of the Company’s website, www.syndax.com.

About Syndax Pharmaceuticals, Inc. 

Syndax Pharmaceuticals is a clinical stage biopharmaceutical company developing an innovative pipeline of cancer therapies. The Company’s pipeline includes SNDX-5613, a highly selective inhibitor of the Menin–MLL binding interaction, axatilimab, a monoclonal antibody that blocks the colony stimulating factor 1 (CSF-1) receptor, and entinostat, a class I HDAC inhibitor.

Syndax’s Cautionary Note on Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “expect,” “plan,” “anticipate,” “estimate,” “intend,” “believe” and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. These forward-looking statements are based on Syndax’s expectations and assumptions as of the date of this press release. Each of these forward-looking statements involves risks and uncertainties. Actual results may differ materially from these forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, statements about the progress, timing, clinical development and scope of clinical trials and the reporting of clinical data for Syndax’s product candidates, and the potential use of our product candidates to treat various cancer indications. Many factors may cause differences between current expectations and actual results including unexpected safety or efficacy data observed during preclinical or clinical trials, clinical trial site activation or enrollment rates that are lower than expected, changes in expected or existing competition, changes in the regulatory environment, the COVID-19 pandemic may disrupt our business and that of the third parties on which we depend, including delaying or otherwise disrupting our clinical trials and preclinical studies, manufacturing and supply chain, or impairing employee productivity, failure of Syndax’s collaborators to support or advance collaborations or product candidates and unexpected litigation or other disputes. Other factors that may cause Syndax’s actual results to differ from those expressed or implied in the forward-looking statements in this press release are discussed in Syndax’s filings with the U.S. Securities and Exchange Commission, including the “Risk Factors” sections contained therein. Except as required by law, Syndax assumes no obligation to update any forward-looking statements contained herein to reflect any change in expectations, even as new information becomes available.

Syndax Contacts

Investor Contact
Melissa Forst
Argot Partners
[email protected] 
Tel 212.600.1902

Media Contact
Ted Held
[email protected]
Tel 212.798.9842

SNDX-G

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SOURCE Syndax Pharmaceuticals, Inc.