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FORT MYERS, Fla. (AP) — Rashad King led Northeastern with 19 points, including the game-winning layup with three seconds remaining, and the Huskies beat Florida International 60-58 on Friday. King added eight rebounds for the Huskies (4-1). Harold Woods added 12 points while shooting 5 of 11 from the field and 2 for 4 from the line while he also had five rebounds. Vianney Salatchoum led the way for the Panthers (1-4) with 14 points, six rebounds and two blocks. Woods put up eight points in the first half for Northeastern, who led 30-27 at the break. King led Northeastern with 12 points in the second half. The Associated Press created this story using technology provided by and data from .Manitoba bill would toughen penalties for some impaired-driving offences
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Article content The Opposition Conservatives say Premier David Eby’s decision to not hold a fall sitting of the legislature is an indication he has already broken his promise to hit the ground running on concerns British Columbians have about the cost of living, public safety and health care. On Friday, Eby backed away from his promise for a one-day fall sitting to pick a Speaker and instead announced that Burnaby-New Westminster MLA Raj Chouhan will continue in that position, which he has held for the past four years. Conservative MLA Elenore Sturko of Surrey-Cloverdale said she believes Eby’s decision to cancel the fall sitting is selfish. “We could have gone back for a brief sitting to debate and discuss and get rolling relief for British Columbians. We are approaching the holiday season, a lot of people have more expenses at this time of year. They want to be able to provide for their families for the holidays.” “He said that the election was a wake-up call. It’s more clear to me than ever, the selfish premier hasn’t changed a lick,” said Sturko. Hamish Telford, a University of the Fraser Valley political science professor, said Eby’s decision represents an erosion of democratic norms and the NDP should have called the legislature back within two weeks of the Oct. 19 election to ensure they continue to have the confidence of the house. In comparison, Saskatchewan held their election on Oct. 28 and a legislative session began Monday, less than a month later, with a throne speech. Telford said the government will now have four months to rule unopposed until they come back in February for a throne speech and the spring session. “We need to be establishing a principle that the legislature, not just the B.C. legislature, but any legislature in Canada, should meet as quickly as possible after an election to demonstrate that the government has the confidence of the legislature and therefore the authority to govern, and there is no need for this to take four months here in British Columbia,” he said. “I think it was critical to have a fall session of the legislature to elect the speaker and most critically, have a throne speech and a vote on the throne speech to ensure that the government has the authority to govern. This is the first time we’ve had an election in the fixed schedule for the fall, and it’s a terrible precedent to establish that.” Telford also believes the B.C. NDP has become too centralized, running most policies out of the premier’s office. As an example, he pointed to discussions about whether the promised grocery rebate of $500 a person can be accomplished through an order-in-council or whether it required legislation. A communications official in Eby’s office said there will still be a secret ballot to ensure Chouhan is confirmed as Speaker by all members of the house, at which point there will also be a throne speech to ensure the confidence of the house. It remains unclear what day the legislature will resume in February. As for that rebate, the official said the Ministry of Finance is putting together options about how to get that out the door but it won’t be ready until the new year. The premier has also made no secret he is still in negotiations with the Greens on shared priorities, discussions that have resulted in the delay of mandate letters to ministers until January. B.C. Green Leader Sonia Furstenau was unavailable Monday to discuss how those negotiations are going or how she feels about the cancellation of the fall sitting.Fate of Matt Gaetz's bombshell ethics report revealedThe Tees Valley Mayor wants the President Elect to visit the region, saying it has much in common with the US' Red Belt states. In a letter seen by the Sun on Sunday Lord Houchen reportedly writes: “We in the Tees Valley are at the coalface of the real economy. Ben Houchen. (Image: SARAH CALDECOTT) “Detached from London and in need of investment, the area I represent is central to the UK Government’s Northern Powerhouse agenda. “We are enacting the same principles you are in the ‘Rust Belt’ states. “Please know that you have many admirers here and we hope this term brings even greater success and opportunity for the American people and the special relationship between our great nations.” Donald Trump. He is also said to express his “heartfelt congratulations on your recent electoral victory - one of, if not the biggest political comebacks in US history”. Lord Houchen shared the newspaper’s story on Saturday night, posting on X: “Let’s make it happen @realDonaldTrump”. Recommended reading: Get more from The Northern Echo with a digital subscription. As we get ready for 2025, get access for 12 months for just £25 with our latest offer. Click here . Donald Trump secured a return to the White House earlier this month when he beat Democrat Kamala Harris by 312 electoral college votes to 226. He will be inaugurated as President of the United States in January. Prime Minster Sir Keir Starmer is also expected to extend an invitation to the returning President to visit the UK.Kingdom Come: Deliverance 2 - Official Story Trailer Watch the latest Kingdom Come: Deliverance 2 trailer to learn more about the story of Henry of Skalitz, and dive into the medieval world of this upcoming RPG sequel. Kingdom Come: Deliverance 2 follows Henry, a young man seeking justice for his murdered parents, as he embarks on an epic journey where his morality and integrity are tested. With blood feuds and political conspiracies unraveling, Henry’s choices will ultimately shape his destiny. Kingdom Come: Deliverance 2 will be available on PC, PS5 (PlayStation 5), and Xbox Series X|S on February 4, 2025.
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Lewis scores 21, Marist beats Binghamton 69-51CALGARY, AB , Dec. 5, 2024 /CNW/ - Headwater Exploration Inc. (the " Company " or " Headwater ") HWX is pleased to announce a 10% increase to the quarterly dividend beginning in 2025, preliminary 2025 budget and operations update. DIVIDEND INCREASE AND PRELIMINARY 2025 BUDGET Beginning in 2025, the quarterly dividend will increase to $0.11 per common share representing a 6.3% yield at a $7.00 common share price. Success in secondary recovery efforts along with positive exploration results provides confidence in Headwater's asset duration, continuously decreasing maintenance capital requirements and future growth plans. Following up a successful year in 2024 of growth, secondary recovery results, exploration success and continued land acquisitions, the Board has approved a 2025 budget as outlined below. Capital expenditures (1) of $225 million Maintenance and Growth Capital - $150 million Secondary Recovery Capital - $50 million Exploration Capital - $25 million Quarterly dividend of $0.11 /common share representing an approximate 6.3% yield Annual production of 22,250 boe/d representing 10% year over year production per share growth Adjusted funds flow from operations (2) of $320 million at US$70.00 /bbl WTI (1) Non-GAAP financial measure. Refer to "Non-GAAP and Other Financial Measures" within this press release. (2) Capital management measure. Refer to "Non-GAAP and Other Financial Measures" within this press release. (3) For assumptions utilized in the above guidance see "Guidance and Future Oriented Financial Information" within this press release. The 2025 budget is expected to generate 10% production per share growth at a 47% re-investment rate of adjusted funds flow from operations at US$70.00 /bbl WTI while paying a $0.44 /common share annual dividend and maintaining a positive 2025 exit adjusted working capital balance of approximately $37 million . The increase to the dividend is expected to be effective for the dividend anticipated to be paid on April 15, 2025 to shareholders of record at the close of business on March 31, 2025 . OPERATIONS UPDATE Secondary Recovery By year end 2024, Headwater will have 8 of 9 sections in the Marten Hills core area under secondary recovery. Recently drilled injection wells in the core are expected to grow stabilized production beyond current levels of 7,000 bbls/d. With the drilling of 6 injectors in the fourth quarter, Headwater now has 2 full sections under secondary recovery in Marten Hills West in the sandstone formation and 2 pilots in the Clearwater E formation. With the newest full section flood at section 22-75-02W5, stabilized oil volumes in the Marten Hills West sandstone now exceed 500 bbls/d. Based on highly encouraging results to date, Headwater intends to double its secondary recovery spending to $50 million in 2025. This will allow for the implementation of an additional 2-3 full sections of secondary recovery in the Clearwater sandstone and approximately 2 sections of secondary recovery in the Clearwater E formation. It is anticipated that by year end 2025, approximately 50% of Headwater's oil production will be supported by secondary recovery. Exploration Expenditures In 2024 Headwater tested 10 new play concepts resulting in 9 successful new development prospects. Exploration to expand our existing areas and develop new concepts continues to be a key value driver for Headwater. The 2025 exploration budget of $25 million contemplates drilling 5-7 currently untested play concepts. In addition, the exploration budget contemplates 8-10 wells that are expected to expand the boundaries of the plays discovered with the successful 2024 program. Clay Headwater is pleased to update that the 00/04-15-059-13W4 seven leg multi-lateral discovery well drilled in the McLaren formation has achieved a 60-day initial production rate of 201 bbls/d complementing the 30-day initial production rate of 205 bbls/d. Inflow remains extremely strong, setting up a highly anticipated follow-up program in the first half of 2025. Oil quality, reservoir and inflow characteristics make the 16-section prospect at Clay a candidate for secondary recovery, which will be evaluated as part of the 2025 program. Little Horse / Greater Nipisi The 12-leg multi-lateral discovery well targeting the Bluesky formation at 00/16-29-076-14W5 continues to perform beyond expectation achieving a 60-day initial production rate of 197 bbls/d compared to the 30-day initial production rate of 205 bbls/d. Headwater is very pleased with the result and is planning a follow-up test on the 20-section northern block in the first quarter of 2025. It is estimated the initial discovery well has validated a Bluesky pool 15-20 sections in size. McCully McCully was placed back on production December 1 st to align with our aggressive hedging profile. We have hedged approximately 83% of McCully's estimated December 2024 to April 2025 production at a price of Cdn$11.58 /mmbtu. The aggressive hedging profile used at McCully provides consistency in the free cashflow (1) which is expected to be approximately $12 million over this winter season (2) . (1) Non-GAAP financial measure. Refer to "Non-GAAP and Other Financial Measures" within this press release. (2) McCully's winter season is estimated to be December 2024 to April 2025. EXECUTIVE APPOINTMENTS Headwater remains committed to long term succession and is pleased to announce the following executive changes effective January 1 st , 2025. Jeff Magee (current Engineering Manager) has been promoted to Vice President Engineering and Terry Danku (current Vice President Engineering) has been promoted to Executive Vice President. Wade Hein (current Production Manager) has been promoted to Vice President Operations. Jeff and Wade have been an instrumental part of Headwater's success, leading the company's day to day planning and execution. Both individuals display exceptional leadership and are an integral part of Headwater's long term business plan. Terry's well deserved promotion to Executive Vice President will see his role expand to continue to lead the organization's exploitation efforts in addition to all business development. Jon Grimwood (current Vice President New Ventures) will be stepping back from his executive position at Headwater but will remain full-time as a senior technical advisor. Jon is a founding member of Headwater and has been instrumental to the success of the organization. More recently Jon has been focused on the Company's land expansion and exploration strategy which he will continue to do in his new role. Additional corporate information can be found in the Company's corporate presentation and on Headwater's website. FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements. The use of any of the words "guidance", "initial, "anticipate", "scheduled", "can", "will", "prior to", "estimate", "believe", "potential", "should", "unaudited", "forecast", "future", "continue", "may", "expect", "project", and similar expressions are intended to identify forward-looking statements. The forward-looking statements contained herein, include, without limitation, 2025 guidance related to expected annual average production, expected capital expenditures and the breakdown thereof, expected adjusted funds flow from operations, expected dividends, and expected exit adjusted working capital; the expectation success in secondary recovery efforts along with positive exploration results provides confidence in Headwater's decreasing maintenance capital requirements and future growth plans ; the expectation to generate 10% production per share growth at a 47% re-investment rate of adjusted funds flow from operations at US$70.00 /bbl WTI while paying a $0.44 /common share annual dividend and maintaining a positive exit adjusted working capital balance of $37 million ; expectations regarding 2024 and 2025 secondary recovery capital expenditures and the associated supported oil volumes; expectations regarding 2025 exploration capital expenditures and the breakdown thereof; expectations regarding Clay and the potential for secondary recovery and the intention to evaluate in 2025; the intention to complete a follow-up test targeting the Bluesky formation in Little Horse/Greater Nipisi in Q1 2025; the estimated size of the Bluesky pool in Little Horse/Greater Nipisi; and the expected free cashflow generation from McCully over the upcoming winter season. The forward-looking statements contained herein are based on certain key expectations and assumptions made by the Company, which, in addition to the assumptions identified herein, also include but are not limited to, expectations and assumptions concerning the success of optimization and efficiency improvement projects, the availability of capital, current legislation, receipt of required regulatory approvals, the success of future drilling, development and waterflooding activities, the performance of existing wells, the performance of new wells, Headwater's growth strategy, general economic conditions, availability of required equipment and services, prevailing equipment and services costs, prevailing commodity prices. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; disruptions to the Canadian and global economy resulting from major public health events, the Russian-Ukrainian war, the Israeli-Hamas-Hezbollah conflict and other international conflicts and the impacts on the global economy and commodity prices; the impacts of inflation and supply chain issues and steps taken by central banks to curb inflation; terrorist events, political upheavals and other similar events; events impacting the supply and demand for oil and gas including actions taken by the OPEC + group; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price and exchange rate fluctuations, changes in legislation affecting the oil and gas industry and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures and risks associated with wildfires including safety of personnel, asset integrity and potential disruption of operations which could affect the Company's results, business, financial conditions or liquidity. Refer to Headwater's most recent Annual Information Form dated March 7, 2024 , on SEDAR+ at www.sedarplus.ca , and the risk factors contained therein. GUIDANCE AND FUTURE ORIENTED FINANCIAL INFORMATION: Any financial outlook or future oriented financial information in this press release, as defined by applicable securities legislation, has been approved by management of the Company as of the date hereof. Readers are cautioned that any such future oriented financial information contained herein should not be used for purposes other than those for which it is disclosed herein. The Company and its management believe that the prospective financial information as to the anticipated results of its proposed business activities for 2025 have been prepared on a reasonable basis, reflecting management's best estimates and judgments, and represent, to the best of management's knowledge and opinion, the Company's expected course of action. However, because this information is highly subjective, it should not be relied on as necessarily indicative of future results. The assumptions used in the 2025 guidance include: annual average production of 22,250 boe/d, WTI of US$70.00 /bbl, WCS of Cdn$79.40 /bbl, AGT US$9.00 /mmbtu, AECO of $2.20 CAD/GJ, foreign exchange rate of US$/Cdn$ of 0.72, blending expense of WCS less $1.90 , royalty rate of 18.3%, operating and transportation costs of $13.95 /boe, G&A and interest income and other expense of $1.30 /boe and cash taxes of $4.70 /boe. The AGT price is the average price for the winter producing months in the McCully field which include January to April and November to December. 2025 annual production guidance comprised of: 20,050 bbls/d of heavy oil, 60 bbls/d of natural gas liquids and 12.9 mmcf/d of natural gas. DIVIDEND POLICY: The amount of future cash dividends paid by the Company (including the dividend to be paid in April 2025 ), if any, will be subject to the discretion of the Board and may vary depending on a variety of factors and conditions existing from time to time, including, among other things, adjusted funds flow from operations, fluctuations in commodity prices, production levels, capital expenditure requirements, acquisitions, debt service requirements and debt levels, operating costs, royalty burdens, foreign exchange rates and the satisfaction of the liquidity and solvency tests imposed by applicable corporate law for the declaration and payment of dividends. Depending on these and various other factors, many of which will be beyond the control of the Company, the Board will adjust the Company's dividend policy from time to time and, as a result, future cash dividends could be reduced or suspended entirely. BARRELS OF OIL AND CUBIC FEET OF NATURAL GAS EQUIVALENT: The term "boe" (or barrels of oil equivalent) and "Mcf" (or thousand cubic feet of natural gas equivalent) may be misleading, particularly if used in isolation. A boe and Mcf conversion ratio of six thousand cubic feet of natural gas to one barrel of oil equivalent (6 Mcf: 1 bbl) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Additionally, given that the value ratio based on the current price of crude oil, as compared to natural gas, is significantly different from the energy equivalency of 6:1; utilizing a conversion ratio of 6:1 may be misleading as an indication of value. I NITIAL PRODUCTION RATES: References in this press release to initial production or "IP" rates, other short-term production rates or initial performance measures relating to new wells are useful in confirming the presence of hydrocarbons; however, such rates are not determinative of the rates at which such wells will commence production and decline thereafter and are not indicative of long-term performance or of ultimate recovery. All IP rates presented herein represent the results from wells after all "load" fluids (used in well completion stimulation) have been recovered. While encouraging, readers are cautioned not to place reliance on such rates in calculating the aggregate production for the Company. Accordingly, the Company cautions that the test results should be considered to be preliminary. NON-GAAP AND OTHER FINANCIAL MEASURES In this press release, we refer to certain financial measures which do not have any standardized meaning prescribed by IFRS. Our determinations of these measures may not be comparable with calculations of similar measures for other issuers. In addition, this press release contains the terms adjusted funds flow from operations and adjusted working capital, which are considered capital management measures. Non-GAAP and other financial measures within this press release may refer to forward-looking Non-GAAP and other financial measures and are calculated consistently with the three months and nine months ended September 30, 2024 reconciliations as outlined below. Non-GAAP Financial Measures Capital expenditures Management utilizes capital expenditures to measure total cash capital expenditures incurred in the period. Capital expenditures represents capital expenditures – exploration and evaluation and capital expenditures – property, plant and equipment in the statement of cash flows in the Company's interim financial statements. Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 (thousands of dollars) (thousands of dollars) Cash flows used in investing activities 63,136 62,030 180,920 188,998 Proceeds from government grant - - 354 - Change in non-cash working capital (4,940) 8,178 (7,094) 14,798 Capital expenditures 58,196 70,208 174,180 203,796 Free cashflow Management utilizes free cashflow to assess the amount of funds available for future capital allocation decisions. It is calculated as adjusted funds flow from operations net of capital expenditures before dividends. Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 (thousands of dollars) (thousands of dollars) Adjusted funds flow from operations 84,185 80,887 248,654 206,279 Capital expenditures (58,196) (70,208) (174,180) (203,796) Free cashflow 25,989 10,679 74,474 2,483 Capital Management Measures Adjusted Funds Flow from Operations Management considers adjusted funds flow from operations to be a key measure to assess the Company's management of capital. Adjusted funds flow from operations is an indicator as to whether adjustments are necessary to the level of capital expenditures. For example, in periods where adjusted funds flow from operations is negatively impacted by reduced commodity pricing, capital expenditures may need to be reduced or curtailed to preserve the Company's capital and dividend policy. Management believes that by excluding the impact of changes in non-cash working capital and adjusting for current income taxes in the period, adjusted funds flow from operations provides a useful measure of Headwater's ability to generate the funds necessary to manage the capital needs of the Company. Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 (thousands of dollars) (thousands of dollars) Cash flows provided by operating activities 95,272 85,568 240,721 212,626 Changes in non–cash working capital (9,092) 5,618 (2,678) (1,663) Current income taxes (12,223) (14,647) (38,848) (29,322) Current income taxes paid 10,228 4,348 49,459 24,638 Adjusted funds flow from operations 84,185 80,887 248,654 206,279 Adjusted Working Capital Adjusted working capital is a capital management measure which management uses to assess the Company's liquidity. Financial derivative receivable/liability have been excluded as these contracts are subject to a high degree of volatility prior to settlement and relate to future production periods. Financial derivative receivable/liability are included in adjusted funds flow from operations when the contracts are ultimately realized. Management has included the effects of the contribution receivable and repayable contribution to provide a better indication of Headwater's net financing obligations. As at September 30, 2024 As at December 31, 2023 (thousands of dollars) Working capital 74,925 78,610 Repayable contribution (10,713) (11,405) Financial derivative receivable (921) (3,758) Financial derivative liability 1,120 79 Adjusted working capital 64,411 63,526 Non-GAAP Ratios Dividend yield Dividend yield (also referenced as yield) is a non-GAAP ratio used by management to quantify how much Headwater pays out in dividends each year relative to its share price. It is calculated as the annualized dividend divided by the current share price of the Company. Reinvestment Rate Management believes the reinvestment rate is a useful measure to analyze the ratio of funds generated by the Company and used for reinvestment and is calculated as total maintenance and growth capital expenditures divided by adjusted funds flow from operations. SOURCE Headwater Exploration Inc. View original content: http://www.newswire.ca/en/releases/archive/December2024/05/c5202.html © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.KFF Health News' 'What the Health?': A Colorful Cast Could Lead Key Health Agencies
It is with great sadness that we announce the sudden passing of Mike Elliott on December 1, 2024 at St. Paul's Hospital after a brief illness. Lovingly survived by his wife Jennifer Rogerson, brother Patrick Elliott and mother Maria Elliott and many more family and friends He grew up in the Fraser Valley and attended Mennonite Educational Institute, and then went on to complete a Political Science Degree at SFU. Throughout his scholastic career, he supported himself through hard work and perseverance, thus developing a very strong work ethic and drive for success. He loved to regale us with stories of his many adventures while working at the Keg and Save-On-Foods. Mike began his financial career at RBC as a Portfolio Manager and transitioned to TD Wealth as the co-founder of The Charter Group. Using the exceptionalism garnered through his earlier life experiences, Mike's dedication and commitment to his clients and colleagues ensured that his career flourished at TD Wealth. It was his life's work to assist his clients in achieving their financial goals. He was also a Rotarian and a member of the Langley Chamber of Commerce. Outside of work Mike loved to mountain bike. There was no where he would rather be than climbing a hill on his beloved bike. No matter the weather, Mike could be found biking at SFU or at Whistler. He had many friends in the biking community whom he cherished. He encouraged his wife to take up his passion for mountain biking, she now shares this love and will continue to climb all the hills ahead of her, thinking of him always. The family would like to thank Dr. Howard Lim for his excellent care and compassion. In lieu of flowers, the family asks that you donate to Canadian Blood Services (even consider donating blood) or make a donation to your local food bank. Celebration of Life was held on Tuesday December 10, 2024. Please visit https://www.arbutusfuneralservice.com/tribute to leave messages of condolence.
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BONITA SPRINGS, Fla., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Innovative Food Holdings, Inc. (OTCQB: IVFH) (“IVFH” or the “Company”), a national seller of gourmet specialty foods to professional chefs, today announced significant corporate updates, including a planned name change to Harvest Group Holdings, Inc., the stockholder approval of a reverse stock split, and the successful execution of securities purchase agreements (the “SPA”) for a private placement (the “Private Placement”) to raise $3.25 million in new equity capital. Strategic Updates in preparation for Nasdaq uplisting Name Change: Over the last year and a half, CEO Bill Bennett and his team have dramatically changed the focus and business model of the Company. These actions have included divesting, inactivating, or shutting down eight previously operating entities within the corporate structure, while simultaneously launching a new large retail business and new customers within its drop ship business. Accordingly, the Company will rebrand as Harvest Group Holdings, Inc. to reflect its growth strategy and new focus. The new name underscores IVFH’s commitment to its vision of delivering fresh and artisanal products from as close to the source as possible, while still being a broad enough brand to encompass the many growth opportunities ahead. The Company website, logo, and other Company branding will be updated over the coming weeks after the finalization of the name change. Reverse Stock Split: The Board and the holders of a majority of the Company’s issued and outstanding stock have authorized a reverse stock split of the Company’s common stock at a ratio between one-for-three and one-for-seven, which may enable the Company’s share price to meet the stock price element of the initial listing requirements of The Nasdaq Capital Market (“Nasdaq”). Private Placement Financing: Under the SPA, the Company will issue 2,031,250 shares of common stock at $1.60 per share, raising gross proceeds of $3.25 million. The capital raised will be used to enhance working capital and fund general corporate purposes. This modest raise, largely from Company insiders, is intended to help the Company continue to lean into its growth opportunities, and meet the minimum shareholder equity requirements of Nasdaq. Nasdaq Uplisting: With the above actions, the Company management believes the Company is in a strong position to navigate the uplisting process, which it is kicking off in earnest. Pending all necessary approvals, the Company hopes to complete the uplisting process in the first half of 2025. CEO Statement Bill Bennett, Chief Executive Officer of IVFH, commented, “These milestones represent a transformative chapter for our Company as we continue to build a strong foundation for future success. The name change to Harvest Group Holdings reflects our vision for future growth and broader market opportunities. Combined with the reverse stock split and new equity capital, these initiatives will drive shareholder value, prepare us for a Nasdaq uplisting, and enhance our ability to serve the evolving needs of our customers and partners.” About Innovative Food Holdings, Inc. At IVFH, we help make meals special. We provide access to foods that are hard to find, have a compelling story, or are on the forefront of food trends. Our gourmet foods marketplace connects the world’s best artisan food makers with top professional chefs nationwide. We curate the assortment, experience, and tech enabled tools that help our professional chefs create unforgettable experiences for their guests. Additional information is available at www.ivfh.com . Forward-Looking Statements This release contains certain forward-looking statements and information relating to the Company that are based on the current beliefs of the Company’s management, as well as assumptions made by, and information currently available to, the Company. Such statements reflect the current views of the Company with respect to future events and are subject to certain assumptions, including those described in this release. Should one or more of these underlying assumptions prove incorrect, actual results may vary materially from those described herein as “should,” “could,” “will,” “anticipate,” “believe,” “intend,” “plan,” “might,” “potentially” “targeting” or “expect.” Additional factors that could also cause actual results to differ materially relate to international crises, environmental and economic issues and other risk factors described in the Company’s public filings. The Company does not intend to update these forward-looking statements. The content of the websites referenced above are not incorporated herein. Investor and Media contact: Gary Schubert Chief Financial Officer Innovative Food Holdings, Inc. investorrelations@ivfh.com
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A bill that would accelerate the Department of Energy’s quantum information sciences research efforts advanced through the Senate Committee on Energy and Natural Resources Tuesday, signaling ongoing congressional interest in pushing emerging technology-centric legislation through both chambers. The — a bipartisan bill authored by Sens. Dick Durbin, D-Ill., and Steve Daines, R-Mont. — contains multiple provisions related to quantum technology and sciences research, namely funding federal efforts in quantum networking research and development, establishing domestic foundry programs and conducting industry outreach efforts. Pursuant to the bill’s name, these research efforts will be helmed by Energy through a budget of $2.5 billion distributed over the next five years, should the bill pass into law. “When America invests in science, we lead the world,” Durbin said in a press release. “And nowhere is this truer than in advanced computing. I’m encouraged that the Energy and Natural Resources Committee sees the value in funding DOE’s quantum projects by passing my bipartisan bill with Senator Daines.” The DOE Quantum Leadership Act’s advancement comes during a lame duck session in Congress ahead of the incoming 2025 Trump administration. As another key piece of quantum tech legislation — the National Quantum Initiative Reauthorization Act — , the advancement of the senators' bill could help continue authorizing federal funding for advancements in the quantum technology industry. have impressed the need for steady government funding into quantum information sciences research amid increasing global competition and .