Golden Cross
6 years ago
Leading Brands Receives Nasdaq Notice of Non-compliance; Will Submit Compliance Plan & Request Extension
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Leading Brands (NASDAQ:LBIX)
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2 Months : From Jan 2018 to Mar 2018
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Leading Brands, Inc. (Nasdaq:LBIX) (the โCompanyโ) today announced that on January 23, 2018, the Company received notice from the Nasdaq Listing Qualifications Staff (the โStaffโ) indicating that, based upon the Companyโs non-compliance with the minimum $2.5 million stockholdersโ equity requirement for continued listing on The Nasdaq Capital Market (the โRuleโ) as of November 30, 2017, the Company has been granted a 45-day period, through March 9, 2018, to submit its plan to regain compliance with the Rule. The Company intends to timely submit its compliance plan for the Staffโs review, which, if accepted by the Staff, could result in a maximum 180-day extension, through July 23, 2018, to evidence compliance with the Rule. The notice has no present impact on the listing of the Companyโs securities on Nasdaq.
Forward Looking Statements
Certain information contained in this press release includes forward-looking statements. Words such as โbelieveโ, โexpect,โ โwill,โ or comparable terms, are intended to identify forward-looking statements concerning the Companyโs expectations, beliefs, intentions, plans, objectives, future events or performance and other developments. All forward-looking statements included in this press release are based on information available to the Company on the date hereof. Such statements speak only as of the date hereof. Important factors that could cause actual results to differ materially from the Companyโs estimations and projections are disclosed in the Companyโs securities filings and include, but are not limited to, the following: general economic conditions, weather conditions, changing beverage consumption trends, pricing, availability of raw materials, economic uncertainties (including currency exchange rates), government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other risk factors described from time to time in securities reports filed by Leading Brands, Inc. For all such forward-looking statements, we claim the safe harbor for forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Golden Cross
6 years ago
LEADING BRANDS, INC.: Announces that it has Entered into a Support Agreement with Majesco Entertainment Company (โMajesco...
Date : 02/08/2018 @ 8:30AM
Source : GlobeNewswire Inc.
Stock : Leading Brands (LBIX)
Quote : 1.3 -0.08 (-5.80%) @ 6:02PM
LEADING BRANDS, INC.: Announces that it has Entered into a Support Agreement with Majesco Entertainment Company (โMajesco...
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Leading Brands (NASDAQ:LBIX)
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2 Months : From Jan 2018 to Mar 2018
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Leading Brands, Inc. (NASDAQ:LBIX) (the โCompanyโ), announces that it has entered into a Support Agreement with Liquid Media Group, Incโs (โLiquidโ) subsidiary, Majesco Entertainment Company (โMajescoโ), whereby the Company will invest in the exploitation of Majescoโs gaming properties in Asia.
On September 18, 2017 the Company announced that it had entered into a Definitive Arrangement Agreement (the โDAAโ) with Liquid of Vancouver, Canada whereby LBIX would acquire 100% of Liquid pursuant to a plan of arrangement. The DAA was amended on January 15, 2018 and the exchange ratio adjusted so that LBIX shares would be valued at $1.78 US. It is anticipated that existing LBIX shareholders will hold 25.8% and Liquid shareholders are anticipated to hold 74.2% of the post-transaction entity.
In order to assist Liquid with the development of its gaming business (in advance of the closing of the Preferred Share financing also announced by Liquid on January 15, 2018) the Company has agreed to advance Funds to Majesco so that Majesco can in turn retain Web Presence in China (โWPICโ) to further its intellectual properties such as โA Boy and His Blob (??????)โ currently selling in China. WPIC will ensure Majesco meets Chinese consumer demands; hosted in China to ensure maximum up-time and fast load times, with customized video and social media functionality.
As part of its engagement, WPIC will develop a WeChat posting function so user comments appear on the website and unique QR codes used for on-location approval for vouchers and coupons. This advanced integration into WPIC event promotion efforts will be used to initiate the presence of the Majesco properties in Asia. WeChat is Chinaโs most popular social media platform and functions similarly to a combination of Facebook, Paypal and WhatsApp.
In exchange for this investment, the Company has the opportunity to receive 5% of the net profits from sales of Majesco gaming assets in Asia for a period of five years.
The full text of the corresponding Liquid News Release may be found at www.LiquidMediaGroup.co
Ralph McRae
Ralph D. McRae
Chairman & CEO
lloydm
7 years ago
LBIX will have guaranteed revenue of over $50 million yearly. This will be huge for a low float (2.8 million) stock.
Joshua Jacksonโs Liquid Media Group announced today that it has signed a three-year first-look deal with Canadaโs Productivity Media Inc. (PMI).
http://www.vancouvereconomic.com/blog/media/joshua-jacksons-liquid-media-group-inks-first-look-deal-with-productivity-media/
JOSHUA JACKSON Chairman
Joshua is an Actor/producer/director with over 20 years experience in the entertainment industry. Starred in over 30 films + 200 hours of headlining TV shows such as the โFringe,โ โDawsonโs Creek,โ and โThe Affairโ.
The deal calls for a minimum of $50 million in productions per year for the next three years. Over the term of the agreement, PMI and Liquid Media will produce a minimum of five projects per year. โWhile audiences have identified with Joshua through his iconic roles over the years, heโs also exceptionally savvy with a keen eye for compelling projects and talent,โ said William Santor, CEO, Productivity Media Inc. โWe are thrilled to work with the
talented team at Liquid and grow our impressive roster of producers.โ
http://www.waterproofstudios.com/