Meet the new U of S Chancellor
Meet the new U of S Chancellor
U of S President Peter Stoicheff introduces us to the University's new Chancellor Scott Banda
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Globe and Mail
32 minutes ago
- Globe and Mail
$796,000 in Q2 Sales Delivers Highest Earnings to Date on 3 Trailing Quarters of Profitability: Innovative Designs, Inc. (Symbol: IVDN)
$IVDN Superior Insulation Supplier in Multi-Billion Homebuilding Industry / Super Small Share Structure with Only 38 Million OS / 16 Million Float Sole Maker of Patented Insultex® Insulation Delivering Construction Cost and Energy Saving Performance Superior to All Competition. New Board Member has Ties to Industry Leaders Including D.R. Horton $DHI, Ryan Homes $NVR and More Unique Evacuated Cell House Wrap Material Provides an Unmatched R-6 Rating, Water Vapor, Air & Wind Barrier and Other Important Advantages. Record Sales Growth and Highest Profitability Level to Date for First 6 Months of 2025 With 265% Increase Year-Over-Year. First Half of 2025 Already Approximately Equals All of 2024 Revenue Total. Fiscal First Quarter Results Deliver Over 720% Increase, Largest Percentage Revenue Growth in Company History. Profitability Reached for First Time at Fiscal 2024 Year-End on Almost 300% Revenue Increase vs. Previous Year. New Government Building Codes Require Continuous Insulation with Higher Performance. IVDN Meets or Exceeds These Standards Where Many Competitors Now Do Not. Increased Order Fulfilment Capabilities with Plans for Further Enhancement to Handle Strongly Increasing Demand. Process Underway for Uplisting to OTCQB Tier. Innovative Designs, Inc. (Symbol: IVDN), manufactures and markets its unique, patented Insultex® material, a quantum leap forward in insulation based on proprietary evacuated (vacuum) cells. IVDN products deliver optimum warmth and comfort via insulating, windproof and waterproof protection with no animal materials. IVDN holds issued US patents on both the evacuated cell material and its manufacturing process. For home building, home remodeling and other construction, significant improvements in energy efficiency measures, such as IVDN Insultex House Wrap® can provide, have never been more important. Superior insulation, for heating or cooling, is fast becoming a primary factor in the multi-billion dollar construction and remodeling industry. In addition to lowering construction costs because additional insulation boards or supports are not needed, Insultex® use results in high energy efficiency and a reduction of greenhouse gas emissions that contribute to the global climate change crisis. IVDN Insultex House Wrap® delivers an unmatched R-6 rating because of its unique and patented evacuated or vacuum cell structure design. The dedicated IVDN Insultex House Wrap® website explains the scientific principles in detail along with visual aids. Insultex® also provides a moisture barrier and other key benefits that make it simply the best insulation choice available today. The IVDN Insultex House Wrap ® website may be visited at No other product on the market offers a vacuum cell structure. A vacuum is the best thermal insulation possible and only Insultex® incorporates countless evacuated cells. Insultex® also provides a moisture barrier and other key benefits. The result is a substantial savings for new construction, adding an R-6 moisture barrier membrane that does not need additional insulation boards or other support as with competitor products. Sales of IVDN Insultex House Wrap® are now benefiting from new government building codes calling for continuous insulation and exterior R-Value requirements. Insultex House Wrap® is starting to be recognized as the very best option to satisfy the new requirements in terms of performance, cost effectiveness and ease of installation. Management is currently in the process of uplisting IVDN stock to the higher OTCQB tier for wider exposure and access by more investors and brokerage services. The Company does meet all uplisting requirements and the process is expected to be completed in the near term. For investors, IVDN has a very small share structure with only about 38 million shares outstanding and a public float of about 16 million shares. Also, according to the latest 10-K filing, Management and Directors are holding over 8.4 million of these shares making IVDN avery lean stock. Innovative Designs Delivers Record Sales Growth and Highest Profitability Level to Date for First 6 Months of 2025 With 265% Increase Year-Over-Year Superior and Patented Evacuated Cell Insulation Continues to Gain Homebuilding and Remodeling Industry Recognition with Rising Demand On June 17th IVDN announced that the Company had filed its financial report for the fiscal second quarter of 2025, ending on April 30th. IVDN has reported that continuing revenue growth has pushed the latest results well above previous projections, reaching $796,369 in fiscal Q2 (a 165% increase over fiscal Q2 of 2024). Total revenues for the first 6 months of 2025 reached $1,340,285 (a 265% increase over the total for the same period in 2024). IVDN has now reported profitability for the past three trailing quarters and record revenue growth for the past 4 trailing quarters. With this fiscal Q2 filing, the profit level has also increased to a new high for the Company's history with over $240,000 in net income for the first 6 months of 2025 vs. a $41,000 loss at the same point in 2024. Fiscal First Quarter Results Deliver Over 720% Increase, Eclipsing All First Quarter Results by Largest Margin in Company History On March 24th IVDN announced for the Company's 2025 fiscal first quarter, ended January 31st, revenues reached over $543,000 vs. $65,886 for the same period in the previous year. This represents a comp. increase of over 720%. Strongly rising sales of Insultex House Wrap(R), are responsible for most of the impressive revenue growth that the Company is now experiencing. Because of the sharp and continuing rise in demand for this unparalleled home insulation, IVDN has been working to develop increased production capacity. The main production facility in Massachusetts has been able to substantially accelerate product output. IVDN also been researching and developing additional production facilities in other parts of the country and this additional production is now also beginning to add to the available supply. Because of these efforts IVDN has made dramatic progress in filling a large backlog of orders for Insultex House Wrap(R) and cut our delivery times down from 6 or 8 weeks to much shorter periods. This improvement in delivery has pleased existing and new customers to the extent that even faster order flow is coming as a result. Experienced Real Estate Developer with Relations to Top Homebuilding Names Including D.R. Horton, NVR / Ryan Homes and More On January 23rd IVDN announced a new addition to its Board of Directors, Mr. John Spagnolo Jr., an accomplished real estate investor and developer. For over 20 years Mr. Spagnolo, Jr. has been successful in building high end homes, residential and commercial properties and other development projects. Most notably, Mr. Spagnolo, Jr., has nurtured relationships with contacts at some of the most important companies in the multi-billion-dollar homebuilding and construction industry. These include D.R. Horton, NVR [Ryan Homes], Maronda Homes, Rockford Homes, Fischer Homes, Infinity Custom Homes and more. For more information on $IVDN visit: and Follow Innovative Designs, Inc. (IVDN) on X (formerly Twitter) here: Disclosure listed on the CorporateAds website Media Contact Company Name: INNOVATIVE DESIGNS, INC. Contact Person: Joseph Riccelli, CEO Email: Send Email Phone: 412-799-0350 Address: 124 Cherry St City: Pittsburgh State: Pennsylvania Country: United States Website:
Globe and Mail
32 minutes ago
- Globe and Mail
Red Pine Announces Upsize of Brokered Offering to $8.5 Million
Toronto, Ontario--(Newsfile Corp. - June 23, 2025) - Red Pine Exploration Inc. (TSXV: RPX) (OTCQB: RDEXF) (" Red Pine" or the " Company") is pleased to announce that, due to strong investor demand, it has entered into an amendment agreement with Research Capital Corporation as the sole bookrunner and co-lead agent, and together with Haywood Securities Inc., as co-lead agents (the " Agents") to increase the size of the previously announced brokered, best-efforts Listed Issuer Financing Exemption private placement offering (the " Offering") of securities of the Company (the " Offered Securities") to $8,500,000 in aggregate gross proceeds, in a combination of: a minimum of 12,500,000 and up to a maximum of 55,000,000 non-flow-through units of the Company (the " NFT Units") at a price of $0.10 per NFT Unit for a minimum of $1,500,000 and up to $5,500,000 in gross proceeds. Each NFT Unit will consist of one common share of the Company (a " Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a " Warrant"); up to 12,500,000 flow-through units of the Company (the " FT Units") comprised of one Common Share and one-half of one Warrant. Each such Common Share and Warrant comprising a FT Unit will qualify as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the " Tax Act"). The FT Units will be issued at a price of $0.12 per FT Unit for up to $1,500,000 in gross proceeds; and up to 10,714,285 flow-through units of the Company (the " CFT Units"), comprised of one Common Share and one-half of one Warrant. Each such Common Share and Warrant comprising a CFT Unit will qualify as a "flow-through share" within the meaning of subsection 66(15) of the Tax Act. The CFT Units will be issued as part of a charity arrangement at a price of $0.14 per CFT Unit for up to $1,500,000 in gross proceeds. Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $0.15 for a period of 36 months following the closing of the Offering. The gross proceeds from the sale of NFT Units will be used for working capital, general corporate purposes, and the evaluation of the potential for future open pit production at the Wawa Gold Project, including technical studies and permitting which are not considered Qualifying Expenditures (as defined below). The gross proceeds from the sale of FT Units and CFT Units will be used for exploration expenses on the Company's Wawa Gold Project in Ontario. The gross proceeds from the issue and sale of the FT Units and CFT Units will be used for Canadian exploration expenses as defined in paragraph (f) of the definition of "Canadian exploration expense" in subsection 66.1(6) of the Tax Act and "flow through mining expenditures" as defined in subsection 127(9) of the Tax Act that will qualify as "flow-through mining expenditures" and "eligible Ontario exploration expenditure" as defined in subsection 103(4) of the Taxation Act, 2007 (Ontario) (the " Qualifying Expenditures"), which will be incurred on or before December 31, 2026 and renounced with an effective date no later than December 31, 2025 to the initial purchasers of FT Units and CFT Units. If the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each FT Units and CFT Units subscriber for any additional taxes payable by such subscriber as a result of the Company's failure to fully renounce the Qualifying Expenditures as agreed. The Offered Securities will be offered for sale pursuant to the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions in all provinces of Canada, except Quebec. The NFT Units will also be offered in other qualifying jurisdictions outside of Canada, including the United States. The NFT Units, FT Units and CFT Units offered under the Listed Issuer Financing Exemption will not be subject to a hold period under applicable Canadian securities laws. There is an amended and restated offering document (the " Offering Document") related to this Offering that can be accessed under the Company's profile at and at the Company's website at Prospective investors should read this Offering Document before making an investment decision. The Offering is anticipated to close on or about July 3, 2025 (" Closing"), or such later date as the Company and the Agents may determine. The Closing is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. The Agents will receive a cash commission of 6% of the aggregate gross proceeds of the Offering and such number of broker warrants (the " Broker Warrants") as is equal to 6% of the number of Offered Securities sold under the Offering (in each case, subject to reduction for certain subscribers on a president's list of purchasers identified by the Company). Each Broker Warrant entitles the holder to purchase one Common Share at an exercise price equal to $0.10 for a period of 36 months following the Closing. This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws. About Red Pine Exploration Inc. Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's shares trade on the TSX Venture Exchange under the symbol "RPX" and on the OTCQB Markets under the symbol "RDEXF". The Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario, a region that has seen major investment by several producers in the last five years. The Company's land package hosts numerous historic gold mines and is over 7,000 hectares in size. Red Pine is building a strong position as a major mineral exploration and development player in the Michipicoten region. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements and Information This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. These forward‐looking statements or information relate to, among other things: receipt of all approvals related to the Offering; and the intended use of proceeds from the Offering. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: the conditions to closing of the Offering may not be satisfied, management's broad discretion regarding the use of proceeds of the Offering, the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; compliance with extensive government regulation; domestic and foreign laws and regulations could adversely affect the Company's business and results of operations; and the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company's securities, regardless of its operating performance. The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. To view the source version of this press release, please visit
Globe and Mail
32 minutes ago
- Globe and Mail
Harvest ETFs Announces June 2025 Distributions
Harvest Portfolios Group Inc. ('Harvest') announces the following monthly distributions for Harvest ETFs for the month ending June 30, 2025. The distributions will be paid on or about July 9, 2025 to unitholders of record on June 30, 2025 with an ex-dividend date of June 30, 2025. Harvest ETF Ticker Distribution Harvest Healthcare Leaders Income ETF HHL $0.0600 per unit Harvest Healthcare Leaders Income ETF (US) HHL.U $0.0600 per unit Harvest Healthcare Leaders Income ETF (Unhedged) HHL.B $0.0600 per unit Harvest Brand Leaders Plus Income ETF HBF $0.0650 per unit Harvest Brand Leaders Plus Income ETF (US) HBF.U $0.0650 per unit Harvest Brand Leaders Plus Income ETF (Unhedged) HBF.B $0.0650 per unit Harvest Energy Leaders Plus Income ETF HPF $0.0250 per unit Harvest Energy Leaders Plus Income ETF (US) HPF.U $0.0250 per unit Harvest Tech Achievers Growth & Income ETF HTA $0.1400 per unit Harvest Tech Achievers Growth & Income ETF (US) HTA.U $0.1400 per unit Harvest Tech Achievers Growth & Income ETF (Unhedged) HTA.B $0.1400 per unit Harvest Global REIT Leaders Income ETF HGR $0.0458 per unit Harvest US Bank Leaders Income ETF HUBL $0.1000 per unit Harvest US Bank Leaders Income ETF (US) HUBL.U $0.1000 per unit Harvest Equal Weight Global Utilities Income ETF HUTL $0.1216 per unit Harvest Diversified Monthly Income ETF HDIF $0.0741 per unit Harvest Canadian Equity Income Leaders ETF HLIF $0.0583 per unit Harvest Healthcare Leaders Enhanced Income ETF HHLE $0.0934 per unit Harvest Tech Achievers Enhanced Income ETF HTAE $0.1600 per unit Harvest Equal Weight Global Utilities Enhanced Income ETF HUTE $0.0880 per unit Harvest Diversified Equity Income ETF HRIF $0.1100 per unit Harvest Travel & Leisure Income ETF TRVI $0.1600 per unit Harvest Premium Yield Treasury ETF HPYT $0.1300 per unit Harvest Premium Yield Treasury ETF (US) HPYT.U $0.1300 per unit Harvest Premium Yield Treasury ETF (Unhedged) HPYT.B $0.1300 per unit Harvest Premium Yield 7-10 Year Treasury ETF HPYM $0.0800 per unit Harvest Premium Yield 7-10 Year Treasury ETF (US) HPYM.U $0.0800 per unit Harvest Balanced Income & Growth ETF HBIG $0.1600 per unit Harvest Balanced Income & Growth Enhanced ETF HBIE $0.2000 per unit Harvest Industrial Leaders Income ETF HIND $0.0700 per unit Harvest Low Volatility Canadian Equity Income ETF HVOI $0.0800 per unit Harvest Bitcoin Enhanced Income ETF HBIX $0.2400 per unit Harvest Bitcoin Leaders Enhanced Income ETF HBTE $0.3300 per unit Note: Harvest ETFs that trade in US dollars with a Ticker ending in '.U' pay the distribution in US dollars. Harvest also announces the following quarterly distribution for the quarter ending June 30, 2025. The distribution will be paid on or about July 9, 2025 to unitholders of record on June 30, 2025 with an ex-dividend date of June 30, 2025. Harvest ETF Ticker Distribution Harvest Low Volatility Canadian Equity ETF HVOL $0.0900 per unit The estimated distribution will be paid on or about July 9, 2025 to unitholders of record on June 30, 2025 with an ex-dividend date of June 30, 2025 for the ETF below. The final distribution amount will be announced June 27, 2025. Harvest ETF Ticker Estimated Distribution Harvest Canadian T-Bill ETF TBIL $0.1061 per unit For additional information: Please visit e-mail info@ or call toll free 1-866-998-8298. Harvest ETFs invites you to subscribe to our monthly commentary newsletter. By subscribing through the following link, you will receive timely insights, analyses and perspectives directly to your inbox: About Harvest Portfolios Group Inc. Founded in 2009, Harvest is an independent Canadian Investment Fund Manager managing $6.7 billion in assets for Canadian Investors. At Harvest ETFs, we believe that investors can build and preserve wealth through the long-term ownership of high-quality businesses. This fundamental philosophy is at the core of our investment approach across our range of ETFs. Our core offerings centre around covered call strategies, available in many variations: Equity, Enhanced, Fixed Income, Multi Asset, Specialty, Digital Assets and Single Stock ETFs. ____________________________ ____________________________ Subscribe to Our Monthly Newsletter: ____________________________ ____________________________ You will usually pay brokerage fees to your dealer if you purchase or sell shares of the investment fund. If the shares are purchased or sold, investors may pay more than the current net asset value when buying shares of the investment fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning shares of an investment fund. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Distributions are paid to you in cash unless you request, pursuant to your participation in a distribution reinvestment plan, that they be reinvested into Class A, Class B or Class U units of the Fund. If the Fund earns less than the amounts distributed, the difference is a return of capital. An investment fund must prepare disclosure documents that contain key information about the investment fund. You can find more detailed information about the investment fund in these documents.
