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Yahoo
13-06-2025
- Business
- Yahoo
Cizzle Brands Corporation Releases its Fiscal Q3 2025 Results, Reflecting Net Sales Growth of Over 25% for the Quarter
During the first three quarters of its 2025 fiscal year, Cizzle Brands generated more than CAD $9.2 million in revenue, mainly from sales of CWENCH Hydration™, while maintaining a 52% gross margin in its fiscal Q3. TORONTO, June 13, 2025--(BUSINESS WIRE)--Cizzle Brands Corporation (Cboe Canada: CZZL) (OTCQB: CZZLF) (Frankfurt: 8YF) (the "Company" or "Cizzle Brands"), has released its financial results for the third quarter of its 2025 fiscal year (three months ended April 30, 2025, referred to herein as "FQ3 2025"). Key highlights from Cizzle Brands' FQ3 2025 results include the following (all figures are in Canadian Dollars unless otherwise specified): Net sales of $3,577,113 during FQ3 2025, reflecting 25.24% sequential quarter-over-quarter ("QoQ") growth from the previous fiscal quarter, bringing total revenues to $9.2 million for the nine months ended April 30, 2025; Gross profit increased by 14% to $1.87 million in FQ3 2025 from $1.64 million in the Company's previous fiscal quarter; Gross margin for the nine months ended April 30, 2025 was 57%; During FQ3 2025, reported U.S. sales grew 73% compared to the previous fiscal quarter, reflecting the Company's increased focus on key markets in the United States; and QoQ increase in Trade Receivables of 28.03% to $3,058,766, reflecting sustained growth of the Company's sales pipeline and a greater amount of Inventory on hand at $3,572,717, or an increase 14.43% over its previous fiscal quarter with no obsolete inventory and no provisions to inventory having been recorded. Please refer to Cizzle Brands' profile on SEDAR+ ( to view the Company's full FQ3 2025 financial statements, as well as its corresponding Management Discussion and Analysis ("MD&A"). Notable developments for Cizzle Brands during its FQ3 2025 period are summarized below. Total count of retailers and other locations carrying CWENCH Hydration™ products across North America and Europe grew to over 3,000 points of distribution; CWENCH Hydration™ became the Official Hydration Partner of USA Hockey, the national governing body of ice hockey in the United States with more than one million players, coaches, officials, and volunteers across the country; CWENCH Hydration™ became the title sponsor of the CWENCH All Canadian Basketball Games and CWENCH All Canadian Volleyball Games; The Company launched CWENCH Hydration™ in a number of key retailers: London Drugs, MacEwen-owned gas stations, Canco Petroleum, Healthy Planet, Farm Boy, and Fortinos. In addition, CWENCH was launched at Metro locations in Ontario and subsequently expanded to Quebec; CWENCH Hydration™ was placed in United Supermarkets (Texas), further adding to the brand's presence in the United States; and The Company graduated to the OTCQB® Venture Market, and the Company's common shares became eligible for electronic deposit at the Depository Trust Company ("DTC") which simplifies the process of trading CZZLF shares for U.S. investors. Corporate Updates In addition to release of the FQ3 2025 Financial Statements, Cizzle announced today that it has filed with the securities regulatory authorities in Ontario, British Columbia, and Alberta a notice of intention to be qualified to file a short form prospectus under National Instrument 44-101 – Short Form Prospectus Distributions, and an Annual Information Form. The filings qualify Cizzle Brands as a short-form prospectus filer but do not evidence its intent to file a short form prospectus, to enter into any particular financing or transaction or to become a reporting issuer in any jurisdiction. The Company also continues to evaluate a range of strategic alternatives to drive growth and maximize shareholder value as part of its ongoing review. Management is considering options to ensure each business unit is well-positioned, properly resourced, and focused on long-term value creation. Potential actions may include refining the Company's business strategy, focusing on specific products, markets, or partners; asset or business unit transactions; strategic investments; partnerships or joint ventures; or changes to capital structure and allocation. There is no assurance that this process will result in any specific action or transaction, or regarding the timing or outcome if one does occur. Cizzle Brands' Founder, Chairman, and Chief Executive Officer John Celenza commented, "With the completion of Cizzle Brands' FQ3 2025, it is amazing to consider how much our team accomplished in under one calendar year. While many early-stage sports nutrition companies struggle to drive awareness, our disciplined approach has enabled us to be taken on by several leading Canadian retailers, in addition to Van Houtte Coffee Services Inc., a subsidiary of Keurig Dr Pepper Canada, and leading U.S. organizations such as USA Hockey and LifeTime. These accomplishments have generated quantifiable results, anchored by over CAD $9.2 million in net sales fiscal year-to-date with a gross margin of 57%, and over 3,000 locations carrying CWENCH Hydration products across North America and Europe. This is only the beginning, and on behalf of the Cizzle Brands team we are grateful to all of our investors, partners, and stakeholders who have contributed to the Company's phenomenal performance in its early stages." About Cizzle Brands Corporation Cizzle Brands Corporation is a sports nutrition company that is elevating the game in health and wellness. Through extensive collaboration and testing with leading athletes and trainers across several elite sports, Cizzle Brands has launched two leading product lines in the sports nutrition category: (i) CWENCH Hydration™, a better-for-you sports drink that is now carried in over 3,000 locations in Canada, the United States, and Europe; and (ii) SPOKEN™ Nutrition, a premium brand of athlete-grade nutraceuticals that carry the prestigious NSF Certified for Sport® qualification. All Cizzle Brands products are designed to help people achieve their best in both competitive sports and in living a healthy, vibrant, active lifestyle. For more information about Cizzle Brands, please visit: For more information about CWENCH Hydration™, please visit: For more information about SPOKEN™ Nutrition, please visit: On behalf of the Board of Directors of the Company, CIZZLE BRANDS CORPORATION "John Celenza" John Celenza, Founder, Chairman, and Chief Executive Officer CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION This news release contains "forward-looking information" which may include, but is not limited to, information with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, such as, but not limited to: new products of the Company and potential sales and distribution opportunities. Such forward-looking information is often, but not always, identified by the use of words and phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. Forward looking information involves known and unknown risks, uncertainties and other risk factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks, regulatory risks, financing, capitalization and liquidity risks. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation, except as otherwise required by law, to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors change. View source version on Contacts For further information, please contact:Setti CoscarellaHead of Corporate Developmentinvestors@ 1-844-588-2088 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
13-06-2025
- Business
- Business Wire
Cizzle Brands Corporation Releases its Fiscal Q3 2025 Results, Reflecting Net Sales Growth of Over 25% for the Quarter
TORONTO--(BUSINESS WIRE)-- Cizzle Brands Corporation (Cboe Canada: CZZL) (OTCQB: CZZLF) (Frankfurt: 8YF) (the 'Company' or 'Cizzle Brands'), has released its financial results for the third quarter of its 2025 fiscal year (three months ended April 30, 2025, referred to herein as ' FQ3 2025 '). Key highlights from Cizzle Brands' FQ3 2025 results include the following (all figures are in Canadian Dollars unless otherwise specified): Net sales of $3,577,113 during FQ3 2025, reflecting 25.24% sequential quarter-over-quarter (' QoQ ') growth from the previous fiscal quarter, bringing total revenues to $9.2 million for the nine months ended April 30, 2025; Gross profit increased by 14% to $1.87 million in FQ3 2025 from $1.64 million in the Company's previous fiscal quarter; Gross margin for the nine months ended April 30, 2025 was 57%; During FQ3 2025, reported U.S. sales grew 73% compared to the previous fiscal quarter, reflecting the Company's increased focus on key markets in the United States; and QoQ increase in Trade Receivables of 28.03% to $3,058,766, reflecting sustained growth of the Company's sales pipeline and a greater amount of Inventory on hand at $3,572,717, or an increase 14.43% over its previous fiscal quarter with no obsolete inventory and no provisions to inventory having been recorded. Please refer to Cizzle Brands' profile on SEDAR+ ( to view the Company's full FQ3 2025 financial statements, as well as its corresponding Management Discussion and Analysis (' MD&A '). Notable developments for Cizzle Brands during its FQ3 2025 period are summarized below. Total count of retailers and other locations carrying CWENCH Hydration™ products across North America and Europe grew to over 3,000 points of distribution; CWENCH Hydration™ became the Official Hydration Partner of USA Hockey, the national governing body of ice hockey in the United States with more than one million players, coaches, officials, and volunteers across the country; CWENCH Hydration™ became the title sponsor of the CWENCH All Canadian Basketball Games and CWENCH All Canadian Volleyball Games; The Company launched CWENCH Hydration™ in a number of key retailers: London Drugs, MacEwen-owned gas stations, Canco Petroleum, Healthy Planet, Farm Boy, and Fortinos. In addition, CWENCH was launched at Metro locations in Ontario and subsequently expanded to Quebec; CWENCH Hydration™ was placed in United Supermarkets (Texas), further adding to the brand's presence in the United States; and The Company graduated to the OTCQB® Venture Market, and the Company's common shares became eligible for electronic deposit at the Depository Trust Company (' DTC ') which simplifies the process of trading CZZLF shares for U.S. investors. Corporate Updates In addition to release of the FQ3 2025 Financial Statements, Cizzle announced today that it has filed with the securities regulatory authorities in Ontario, British Columbia, and Alberta a notice of intention to be qualified to file a short form prospectus under National Instrument 44-101 – Short Form Prospectus Distributions, and an Annual Information Form. The filings qualify Cizzle Brands as a short-form prospectus filer but do not evidence its intent to file a short form prospectus, to enter into any particular financing or transaction or to become a reporting issuer in any jurisdiction. The Company also continues to evaluate a range of strategic alternatives to drive growth and maximize shareholder value as part of its ongoing review. Management is considering options to ensure each business unit is well-positioned, properly resourced, and focused on long-term value creation. Potential actions may include refining the Company's business strategy, focusing on specific products, markets, or partners; asset or business unit transactions; strategic investments; partnerships or joint ventures; or changes to capital structure and allocation. There is no assurance that this process will result in any specific action or transaction, or regarding the timing or outcome if one does occur. Cizzle Brands' Founder, Chairman, and Chief Executive Officer John Celenza commented, 'With the completion of Cizzle Brands' FQ3 2025, it is amazing to consider how much our team accomplished in under one calendar year. While many early-stage sports nutrition companies struggle to drive awareness, our disciplined approach has enabled us to be taken on by several leading Canadian retailers, in addition to Van Houtte Coffee Services Inc., a subsidiary of Keurig Dr Pepper Canada, and leading U.S. organizations such as USA Hockey and LifeTime. These accomplishments have generated quantifiable results, anchored by over CAD $9.2 million in net sales fiscal year-to-date with a gross margin of 57%, and over 3,000 locations carrying CWENCH Hydration products across North America and Europe. This is only the beginning, and on behalf of the Cizzle Brands team we are grateful to all of our investors, partners, and stakeholders who have contributed to the Company's phenomenal performance in its early stages.' About Cizzle Brands Corporation Cizzle Brands Corporation is a sports nutrition company that is elevating the game in health and wellness. Through extensive collaboration and testing with leading athletes and trainers across several elite sports, Cizzle Brands has launched two leading product lines in the sports nutrition category: (i) CWENCH Hydration™, a better-for-you sports drink that is now carried in over 3,000 locations in Canada, the United States, and Europe; and (ii) SPOKEN™ Nutrition, a premium brand of athlete-grade nutraceuticals that carry the prestigious NSF Certified for Sport® qualification. All Cizzle Brands products are designed to help people achieve their best in both competitive sports and in living a healthy, vibrant, active lifestyle. For more information about Cizzle Brands, please visit: For more information about CWENCH Hydration™, please visit: For more information about SPOKEN™ Nutrition, please visit: On behalf of the Board of Directors of the Company, CIZZLE BRANDS CORPORATION 'John Celenza' John Celenza, Founder, Chairman, and Chief Executive Officer CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION This news release contains "forward-looking information" which may include, but is not limited to, information with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, such as, but not limited to: new products of the Company and potential sales and distribution opportunities. Such forward-looking information is often, but not always, identified by the use of words and phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. Forward looking information involves known and unknown risks, uncertainties and other risk factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks, regulatory risks, financing, capitalization and liquidity risks. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation, except as otherwise required by law, to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors change.
Hamilton Spectator
11-06-2025
- Business
- Hamilton Spectator
Andrew Peller Limited Reports Financial Results for Fourth Quarter and Fiscal Year 2025
GRIMSBY, Ontario, June 11, 2025 (GLOBE NEWSWIRE) — Andrew Peller Limited (TSX: ADW.A / ADW.B) ('APL' or the 'Company') announced today results for the three and 12 months ended March 31, 2025. All amounts are expressed in Canadian dollars unless otherwise stated. FISCAL 2025 HIGHLIGHTS FOURTH QUARTER 2025 HIGHLIGHTS 'It was a strong overall fiscal 2025 as we continued to outperform the category, expand and win in important new channels and growth categories, while meaningfully strengthening gross margins, operating margins and free cash flow,' said Paul Dubkowski, Chief Executive Officer. 'Building on this work, we are positioning the company for long-term success and increased market share as we adapt to Ontario's evolving distribution landscape and shifting trade dynamics, and we believe this represents a meaningful opportunity as we move forward.' Mr. Dubkowski added: 'We applaud the Ontario Government's recent policy announcements and its continued support of the province's grape and wine industry. By promoting strong, competitive policies that are aligned with global best practices, and by focusing on local grape growers and wine producers, the Government is reinforcing the vital role our sector plays as a key driver of economic growth in the province. As a market leader, we remain deeply committed to investing in the long-term health and growth of the sector and the regions in which we operate.' Financial Highlights (Financial Statements and the Company's Management Discussion and Analysis for the period can be obtained on the Company's web site at ) (1) Please refer to the Company's MD&A concerning 'Non-IFRS Measures' (2) Selling and administrative expenses in fiscal 2024 include $9.5 million relating to the former CEO retirement and transition costs. These amounts are added back to calculate the Company's EBITA. Financial Review Revenue for the three months ended March 31, 2025 decreased 11.2% compared to the prior year's fourth quarter primarily due to the $5.8 million recognized as revenue at the end of fiscal 2024 which represents the full year's benefit of the revised Ontario VQA Support Program. The revenue from the VQA support program for fiscal 2025 was recognized throughout the fiscal year as eligible sales were made. The remaining decrease can be attributed to the timing of the Easter holiday season when compared to fiscal 2024 and continual adjustment of channel and shipment timing in the evolving Ontario retail market. Revenue for the year ended March 31, 2025 increased 1.0% over the prior year. The increase was attributable to sales to big box stores, partially offset by a decrease in the Company's retail stores in the second half of the fiscal year as Ontario's new beverage alcohol retail distribution guidelines took effect. The Company's retail store sales also benefited from the July strike at the LCBO. Several of the Company's other well-established trade channels performed well during the year, particularly sales to third party restaurants and hospitality locations. This strong performance is offset by softness in sales from the estate wineries and wine clubs due to lower guest traffic and reduced consumer discretionary spending due to tightening economic conditions. Gross margin as a percentage of revenue for the three months ended March 31, 2025 increased to 52.6% from 41.8% mainly due to the inclusion of $9.8 million from the Ontario Grape Support Program (OGSP). As the OGSP program is intended to increase the content of domestic grapes in blended wines, the support is recognized as a reduction to cost of goods sold when eligible wine is sold. For the year ended March 31, 2025, gross margin as a percentage of revenue increased to 42.8% from 39.0%. The increase can be attributed to lower costs for glass bottles and inbound freight due to the cost savings programs implemented by the Company, and the inclusion of the OGSP. Gross margin is also continuing to be impacted by channel mix and inflationary cost pressures in concentrate, packaging and other raw materials. In response to these margin pressures, the Company is continuing to execute cost savings programs and formulation changes relating to these inputs. For the year ended March 31, 2025, these programs have resulted in $10.7 million of cost savings (2024 - $9.3 million). As a percentage of revenue, selling and administrative expenses decreased to 34.7% and 26.6% for the three months and year ended March 31, 2025, respectively, compared to 42.1% and 28.4% in the prior year. Selling and administrative expenses in the fourth quarter of fiscal 2024 included $6.5 million relating to the retirement allowance and consulting agreements entered into as part of John Peller's retirement and transition and $3.0 million in legal and advisory fees incurred by certain shareholders in connection with these agreements. Offsetting the non-recurring expenses from 2024, was higher compensation and higher selling costs as a result of the strong performance in fiscal 2025. Earnings before interest, amortization, loss on debt extinguishment and financing fees, CEO retirement and transition costs, net unrealized gains and losses on derivative financial instruments, other (income) expenses, and income taxes ('EBITA') (see 'Non-IFRS Measures' section of this MD&A) was $13.5 million in the fourth quarter of fiscal 2025, compared to $9.3 million in the fourth quarter of prior year. EBITA increased to $62.9 million for the year ended March 31, 2025 compared to $50.3 million in prior year period. Interest expense for the three months and year ended March 31, 2025 has decreased by 22.4% and 4.4% respectively compared to the prior year due to lower average debt levels and lower interest rates in fiscal 2025 compared to prior year. The Company recorded a net unrealized non-cash loss in fiscal 2025 of $1.8 million related to mark-to-market adjustments on interest rate swaps and foreign exchange contracts compared to a loss of $0.6 million in the prior year. The Company recorded a loss of $0.7 million in the fourth quarter of fiscal 2025 compared to a gain of $1.0 million in the same quarter in the prior year. The Company has elected not to apply hedge accounting and accordingly the change in fair value of these financial instruments is reflected in the Company's consolidated statement of earnings (loss) each reporting period. These instruments are considered to be effective economic hedges and are expected to mitigate the short-term volatility of changing foreign exchange and interest rates. Other expenses (income), net were $0.6 million and $3.5 million for the three months and year ended March 31, 2025. The expense in fiscal 2025 related primarily to a restructuring initiative completed in fiscal year to align the Company's business structure with the changing retail landscape in Ontario. During the year ended March 31, 2025, the Company undertook certain tax planning initiatives as it relates to capital gains with respect to the Port Moody lands. This included transferring the beneficial interest in the land to a newly registered partnership. All parties associated with the limited partner are within the consolidated APL group and there has been no legal ownership change. In March 2025, the Government of Canada announced the cancellation of the previously proposed legislation changes to the capital gains inclusion rate. Consequently, the beneficial interest in the Port Moody lands was transferred at cost rather than at fair value as originally contemplated. The transaction had no impact on the Company's operating results or cash flows. The Company incurred a net loss of $0.7 million (loss of $0.02 per Class A share) for the fourth quarter of fiscal 2025 compared to a net loss of $6.9 million (loss of $0.17 per Class A share) in the fourth quarter of the prior year. For the year ended March 31, 2025, the Company generated net earnings of $11.1 million ($0.26 per Class A share) compared to a net loss of $2.9 million (loss of $0.07 per Class A Share) in the prior year. Investor Conference Call The Company will hold a conference call to discuss the results on Thursday, June 12, 2025 at 10:00 a.m. ET. Paul Dubkowski, CEO, Renee Cauchi, CFO and Patrick O'Brien, President and CCO, will host the call, with a question and answer period following management's presentation. Conference Call Dial In Details: Date: Thursday, June 12, 2025 Time: 10:00 a.m. (ET) Dial-in numbers: Local Toronto / International: (437) 900-0527 North American Toll Free: (888) 510-2154 RapidConnect: Webcast: A live webcast will be available at Replay: Following the live call, a recording will be available on the Company's investor relations website at About Andrew Peller Limited Andrew Peller Limited is one of Canada's leading producers and marketers of quality wines and craft beverage alcohol products. The Company's award-winning premium and ultra-premium Vintners' Quality Alliance brands include Peller Estates, Trius, Thirty Bench , Wayne Gretzky, Sandhill, Red Rooster, Black Hills Estate Winery, Tinhorn Creek Vineyards, Gray Monk Estate Winery, Raven Conspiracy, and Conviction . Complementing these premium brands are a number of popularly priced varietal offerings, wine-based liqueurs, craft ciders, and craft spirits. The Company owns and operates 101 well-positioned independent retail locations in Ontario under The Wine Shop, Wine Country Vintners, and Wine Country Merchants store names. The Company also operates Andrew Peller Import Agency and The Small Winemaker's Collection Inc., importers and marketing agents of premium wines from around the world. With a focus on serving the needs of all wine consumers, the Company produces and markets premium personal winemaking products through its wholly owned subsidiary, Global Vintners Inc., the recognized leader in personal winemaking products. More information about the Company can be found at . The Company utilizes EBITA (defined as earnings before interest, amortization, loss on debt extinguishment and financing fees, CEO retirement and transition costs, net unrealized gains and losses on derivative financial instruments, other (income) expenses, and income taxes) to measure its financial performance. EBITA is not a recognized measure under IFRS. Management believes that EBITA is a useful supplemental measure to net earnings, as it provides readers with an indication of earnings available for investment prior to debt service, capital expenditures, and income taxes, as well as provides an indication of recurring earnings compared to prior periods. Readers are cautioned that EBITA should not be construed as an alternative to net earnings determined in accordance with IFRS as indicators of the Company's performance or to cash flows from operating, investing, and financing activities as a measure of liquidity and cash flows. The Company also utilizes gross margin (defined as revenue less cost of goods sold, excluding amortization). The Company's method of calculating EBITA and gross margin may differ from the methods used by other companies and, accordingly, may not be comparable to measures used by other companies. Andrew Peller Limited common shares trade on the Toronto Stock Exchange (symbols ADW.A and ADW.B). FORWARD-LOOKING INFORMATION Certain statements in this news release may contain 'forward-looking statements' within the meaning of applicable securities laws including the 'safe harbour provisions' of the Securities Act (Ontario) with respect to APL and its subsidiaries. Such statements include, but are not limited to, statements about the growth of the business; its launch of new premium wines and craft beverage alcohol products; sales trends in foreign markets; its supply of domestically grown grapes; and current economic conditions. These statements are subject to certain risks, assumptions, and uncertainties that could cause actual results to differ materially from those included in the forward-looking statements. The words 'believe', 'plan', 'intend', 'estimate', 'expect', or 'anticipate', and similar expressions, as well as future or conditional verbs such as 'will', 'should', 'would', 'could', and similar verbs often identify forward-looking statements. We have based these forward-looking statements on our current views with respect to future events and financial performance. With respect to forward-looking statements contained in this news release, the Company has made assumptions and applied certain factors regarding, among other things: future grape, glass bottle, and wine and spirit prices; its ability to obtain grapes, imported wine, glass, and other raw materials; fluctuations in foreign currency exchange rates; its ability to market products successfully to its anticipated customers; the trade balance within the domestic Canadian and international wine markets; market trends; reliance on key personnel; protection of its intellectual property rights; the economic environment; the regulatory requirements regarding producing, marketing, advertising, and labelling of its products; the regulation of liquor distribution and retailing in Ontario; the application of federal and provincial environmental laws; and the impact of increasing competition. These forward-looking statements are also subject to the risks and uncertainties discussed in this news release, in the 'Risks and Uncertainties' section and elsewhere in the Company's MD&A and other risks detailed from time to time in the publicly filed disclosure documents of Andrew Peller Limited which are available at . Forward-looking statements are not guarantees of future performance and involve risks, uncertainties, and assumptions which could cause actual results to differ materially from those conclusions, forecasts, or projections anticipated in these forward-looking statements. Because of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. The Company's forward-looking statements are made only as of the date of this news release, and except as required by applicable law, the Company undertakes no obligation to update or revise these forward-looking statements to reflect new information, future events or circumstances or otherwise. For more information, please contact: Craig Armitage and Jennifer Smith ir@ Source: Andrew Peller Limited
Yahoo
28-05-2025
- Business
- Yahoo
Versamet Royalties Announces Record Revenue for the First Quarter of 2025
Vancouver, British Columbia--(Newsfile Corp. - May 28, 2025) - Versamet Royalties Corporation (TSXV: VMET) ("Versamet" or the "Company") announces its operating and financial results for the three months ended March 31, 2025. All amounts are in U.S. dollars unless otherwise indicated. First Quarter 2025 Highlights Record revenue of $3.5 million. Attributable gold equivalent ounces ("GEOs") of 1,211. Operating cash flow before working capital changes of $1.5 million. Adjusted net income before finance expense, interest, taxation and depletion of $1.5 million. Appointed Dan O'Flaherty as Chief Executive Officer of the Company. Subsequent to quarter end: Acquired a copper stream on the operating Kolpa mine in Peru, owned by Endeavour Silver. The Company's common shares commenced trading on the TSX Venture Exchange under the symbol "VMET". Increased the revolving credit facility to $60 million, with a $15 million accordion feature. Fully repaid the outstanding balance on the Company's convertible loan. Appointed Elizabeth McGregor and Mark Backens to the Company's Board of Directors. Dan O'Flaherty, CEO of Versamet, commented, "It has been an exciting start to an important year for Versamet. This quarter marks the beginning of a significant ramp-up in GEOs and revenue, which is expected to grow our forecasted production to between 14,000 and 16,000 GEOs by 2026. We were pleased to see the first gold pour at Artemis Gold's Blackwater mine in B.C. and the continued ramp-up of operations at Equinox Gold's Greenstone mine in Ontario, both of which are expected to contribute increasing GEOs to Versamet over the remainder of this year and into 2026. Looking ahead, we aim to continue this momentum with several upcoming catalysts, including the first delivery of copper from Kolpa, the first gold pour at Kiaka in the second half of the year, and the start of pre-strip mining at Toega. Subsequent to quarter end, the Company's common shares commenced trading on the TSX Venture Exchange on May 20, marking another key milestone in our growth. A primary focus going forward will be enhancing our market profile and broadening our investor base." Summary of Quarterly Results All amounts in thousands except GEOs.Q1 2025 Q1 2024 Attributable GEOs 1,211 1,308 Revenue $3,454 $2,697 Net income (loss) $1,784 ($173) Operating cash flow, before working capital changes $1,525 $1,753 For complete details please refer to the Financial Statements and associated Management Discussion and Analysis for the quarter ended March 31, 2025, available on SEDAR+ ( Asset Updates Greenstone (1.26% Gold Stream) Attributable production from the Greenstone gold mine totaled 1,050 GEOs in Q1 2025. Operations continue to ramp up to full capacity with Equinox Gold expecting to achieve design recovery rates at the processing plant by mid-2025 following various optimization and improvement efforts. Versamet is entitled to monthly deliveries equal to the greater of 1.26% of produced gold or 350 ounces. Kolpa (95.8% Copper Stream) On May 1, 2025, Endeavour Silver ("Endeavour") completed the acquisition of Kolpa, a silver-focused polymetallic mine located in Peru that has been operation for over 25 years. In 2024, Kolpa produced approximately 2.0 million ounces of silver, 19,820 tonnes of lead, 12,554 tonnes of zinc and 518 tonnes of copper. Permitting is in progress to expand the operation from 1,800 tonnes per day to 2,500 tonnes per day. Blackwater (0.21% NSR) On May 2, 2025, Artemis Gold ("Artemis") announced that it had achieved commercial production at its Blackwater mine in BC and provided guidance of 160,000 to 200,000 ounces of gold production for 2025. Artemis also noted a potential acceleration of the proposed phase 2 expansion, which is anticipated to increase Blackwater's average annual production to over 500,000 GEOs per year. Kiaka (2.7% NSR) On May 12, 2025, West African Resources ("West African") provided an update on development activities at Kiaka highlighting that construction remains on schedule with the crushing circuit complete and operational, and commissioning of the wet plant underway. Mining activities are ramping up ahead of the scheduled commencement of process plant operations and first gold pour expected in Q3 of this year. West African is forecasting production of 100,000 to 150,000 ounces of gold from Kiaka in 2025. Toega (2.7% NSR) On April 17, 2025, West African provided an update on development activities at Toega highlighting that construction of the ore haul road from Toega to Sanbrado having commenced in the first quarter. Development remains on schedule with the start of pre-strip mining of the open pit expected in the fourth quarter of 2025. Also during the first quarter, West African announced a maiden underground mineral resource and scoping study for a potential underground development beneath the Toega open pit, which is expected to begin producing in 2026. The maiden underground inferred mineral resource estimate includes 4.9 million tonnes at a grade of 3.5 grams per tonne containing 560,000 ounces of gold with the deposit remaining open at depth. The underground scoping study outlined the potential to produce an additional 515,000 ounces of gold over a 7-year mine life. Toega underground production is incremental to the pre-existing 8-year open pit mine life outlined in West African's latest 10-year mine plan. An updated 10-year mine plan is expected later this year which will integrate the open pit and underground resources into a single operation.1 1 For more information, please refer to West African's news release dated March 18, 2025, titled "Toega Maiden Underground Resource and Scoping Study" available on West African's website at About Versamet Royalties Corporation Versamet is an emerging gold-copper royalty & streaming investment focused on creating long-term per share value for its shareholders through the acquisition of high-quality assets. Versamet common shares trade on the TSX Venture Exchange under the symbol "VMET". For more information about Versamet, including additional details on our royalties and streams, please visit our website at General inquiries:Craig Rollins, General CounselEmail: info@ 778-945-3948 Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Qualified Person The scientific and technical information contained in this news release has been reviewed and approved by Diego Airo, Vice President of Evaluations for Versamet and a member of the Association of Professional Engineers and Geoscientists of the Province of British Columbia. Mr. Airo is a Qualified Person as defined in the National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Non-IFRS Measures Versamet uses certain performance measures in its analysis. These non-GAAP performance measures are included in this document because these statistics are key performance measures that management uses to monitor performance to assess how Versamet is performing. These performance measures do not have a standard meaning within IFRS and, therefore, amounts presented may not be comparable to similar data presented by other companies. Cautionary Note Regarding Forward-Looking Information This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements relating to: the Company's ability to enhance market profile and broaden its investor base; continued momentum with additional upcoming catalysts noted; forecasted production to between 14,000 and 16,000 GEOs in 2026; and other statements regarding future plans, expectations, exploration potential, guidance, projections, objectives, estimates and forecasts (in general and in connection with respective asset updates), as well as our expectations with respect to such matters. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Versamet to control or predict, that may cause Versamet's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk factors set out under the heading "Risk Factors" in the Company's final non-offering long form prospectus dated May 12, 2025 available for review on the Company's profile at Such forward-looking information represents management's best judgment based on information currently available. Except as required by applicable securities laws, 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. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. To view the source version of this press release, please visit
Cision Canada
28-05-2025
- Business
- Cision Canada
ALIMENTATION COUCHE-TARD TO RELEASE RESULTS FOR ITS FOURTH QUARTER AND FISCAL YEAR 2025 ON JUNE 25, 2025 Français
LAVAL, QC, May 28, 2025 /CNW/ - Alimentation Couche-Tard Inc. ("Couche-Tard" or the "Corporation") (TSX: ATD) will release its financial results for its fourth quarter and fiscal year 2025 on Wednesday, June 25, 2025, after the close of the TSX. A conference call to discuss these results will be held on Thursday, June 26, 2025, at 8:00 A.M. (EDT), featuring Alex Miller, President and Chief Executive Officer and Filipe Da Silva, Chief Financial Officer, who will answer live questions from analysts. Financial analysts, investors, media, and other interested parties are invited to join the webcast on June 26 at 8:00 A.M. (EDT). A presentation will include slides detailing the quarterly and fiscal year results. The webcast can be accessed via the " Investors/Events & presentations" section on the Corporation's website or directly via this link to join the call without operator assistance. To join the conference call by phone, please dial 1-289-819-1299 or 1-800-990-4777 (International). Rebroadcast: A recording of the webcast will be available on the Corporation's website for 90 days. About Alimentation Couche-Tard Inc. Couche-Tard is a global leader in convenience and mobility, operating in 29 countries and territories, with close to 17,000 stores, of which approximately 13,000 offer road transportation fuel. With its well-known Couche-Tard and Circle K banners, it is one of the largest independent convenience store operators in the United States and it is a leader in the convenience store industry and road transportation fuel retail in Canada, Scandinavia, the Baltics, Belgium, as well as in Ireland. It also has an important presence in Luxembourg, Germany, the Netherlands, Poland, as well as in Hong Kong Special Administrative Region of the People's Republic of China. Approximately 149,000 people are employed throughout its network. For more information on Alimentation Couche-Tard Inc., or to consult its audited annual Consolidated Financial Statements, unaudited interim condensed consolidated financial statements and Management Discussion and Analysis, please visit: SOURCE Alimentation Couche-Tard Inc.
