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NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES HALIFAX, Nova Scotia, Nov. 26, 2024 (GLOBE NEWSWIRE) -- NOVA LEAP HEALTH CORP. (TSXV: NLH) ("Nova Leap” or "the Company”), a growing home health care organization, is pleased to announce that it has entered into an agreement to amend its existing credit agreement (the "Credit Agreement”) with BMO Bank of Montreal for new credit facilities (the "Credit Facilities”). The amended Credit Agreement will provide up to an additional $7 million of available credit to support the Company's long-term growth strategy. All amounts are in United States dollars unless otherwise specified. The Credit Facilities consist of non-readvanceable demand acquisition lines to assist with business acquisitions, including the Nova Scotia acquisition announced on October 29, 2024, the Florida acquisition announced on October 15, 2024, and future business acquisitions approved by the lender, in addition to the Company's existing facilities for working capital and day-to-day operating needs. The acquisition lines are available as CAD prime (prime rate plus 1.50%) and USD base rate (base rate plus 1.50%) loans, as well as fixed rate loans with rates determined at the time of booking. The Credit Facilities contain financial and other covenants and security in favour of the lender which are customary for facilities of this nature, including security over the assets of the Company and its subsidiaries, and are conditional upon obtaining coverage under Export Development Canada's Export Guarantee Program. Management Comments "We are pleased to secure the new Credit Facilities. Our ability to complete this transaction reflects the consistent cash flow and financial results that we have produced. With our strong Adjusted EBITDA over the past six quarters, our capital structure can comfortably support increased debt, while still maintaining financial flexibility,” said Chris LeBlanc, Chief Financial Officer of Nova Leap. "The successful negotiation of the Credit Facilities provides us with greater financial flexibility to execute on our growth strategy that consists of investing in our business to drive organic growth and in pursuing strategic acquisitions,” said Chris Dobbin, President & CEO of Nova Leap. About Nova Leap Nova Leap is an acquisitive home health care services company operating in one of the fastest-growing industries in the U.S. & Canada. The Company performs a vital role within the continuum of care with an individual and family centered focus, particularly those requiring dementia care. Nova Leap achieved the #42 ranking on the 2021 Report on Business ranking of Canada's Top Growing Companies, the #2 ranking on the 2020 Report on Business ranking of Canada's Top Growing Companies and the #10 Ranking in the 2019 TSX Venture 50TM in the Clean Technology & Life Sciences sector. The Company is geographically diversified with operations in 10 different U.S. states within the New England, Southeastern, South Central and Midwest regions as well as in Nova Scotia, Canada. NON-IFRS MEASURES: This release contains references to certain measures that do not have a standardized meaning under IFRS as prescribed by the International Accounting Standards Board ("IASB”) and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS measures by providing a further understanding of operations from management's perspective. Accordingly, non-IFRS financial measures should not be considered in isolation or as a substitute for analysis of financial information reported under IFRS. The Company presents non-IFRS financial measures, specifically Adjusted EBITDA (as such term is hereinafter defined), as well as supplementary financial measures such as annualized revenue and annualized adjusted EBITDA. The Company believes these non-IFRS financial measures are frequently used by lenders, securities analysts, investors and other interested parties as a measure of financial performance, and it is therefore helpful to provide supplemental measures of operating performance and thus highlight trends that may not otherwise be apparent when relying solely on IFRS financial measures. Adjusted Earnings before interest, taxes, amortization and depreciation ("Adjusted EBITDA”), is calculated as income from operating activities plus amortization and depreciation and stock-based compensation expense. The most directly comparable IFRS measure is income from operating activities. FORWARD LOOKING INFORMATION: Certain information in this press release may contain forward-looking statements, such as statements regarding availability of the Credit Facilities, the closing of the acquisitions (including timing) and its expected impact on the Company, financing of the acquisitions, and plans regarding future acquisitions and business growth. This information is based on current expectations and assumptions, including assumptions described elsewhere in this release and those concerning general economic and market conditions, the satisfaction of conditions to closing the Credit Facilities and the acquisitions, availability of working capital necessary for conducting Nova Leap's operations, availability of desirable acquisition targets and financing to fund such acquisitions, and Nova Leap's ability to integrate its acquired businesses and maintain previously achieved service hour and revenue levels, that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Risks that could cause results to differ from those stated in the forward-looking statements in this release include staff and supply shortages, regulatory changes affecting the home care industry or government programs utilized by the Company, other unexpected increases in operating costs and competition from other service providers. All forward-looking statements, including any financial outlook or future-oriented financial information, contained in this press release are made as of the date of this release and included for the purpose of providing information about management's current expectations and plans relating to the future, and these statements may not be appropriate for other purposes. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedarplus.com . CAUTIONARY STATEMENT: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. CONTACT: For further information: Chris Dobbin, CPA, ICD.D Director, President and CEO Nova Leap Health Corp. E: [email protected]
In an alarming incident that took place at a large industrial park, the local police department recently reported that an ambulance responding to an emergency call was obstructed by a vehicle owner, leading to the individual being placed under administrative detention.Whether discussing their expectations for the upcoming season or participating in the "Marvel Showdown" team building activities, fans of the Overwatch League are proving once again that their love for the game transcends traditional boundaries. As the new season approaches, the excitement and anticipation among fans continue to build, fueled by the sense of community and solidarity that comes from being part of the OWL family.The relationship between a fan and an idol is often a complex and deeply emotional one. Fans invest time, energy, and sometimes even their identity in the objects of their admiration. They form attachments to certain traits or characteristics that define their idols and elevate them to a pedestal of perfection.
NoneThe African Development Bank Group has facilitated the mobilisation of $2.2bn to advance the second phase of Nigeria’s Special Agro-Industrial Processing Zones initiative. This commitment was made during the Africa Investment Forum, Morocco, where Nigerian state governors, leaders from multilateral development organisations, diplomats, and private sector investors gathered to show their support. According to a statement released on Tuesday by the bank, the new funding builds on the success of the first phase and underscores a commitment to scaling up investments that connect both federal and state governments to critical agricultural infrastructure. The bank said the boardroom session attracted leading investors such as Arise IIP, the Arab Bank for Economic Development in Africa, Africa Export-Import Bank, Sahara Farms, BPI France, Africa50, and the US Development Finance Corporation. “By the end of the session, a total deal value of $2.2bn was announced, marking a major milestone for SAPZ Nigeria Phase II,” the bank declared. Phase I of the SAPZ programme is already benefiting states such as Cross River, Imo, Ogun, Oyo, Kaduna, Kwara, Kano, and the Federal Capital Territory. Phase II will expand to 24 additional states over the next three years, further linking Nigeria’s agriculture to agro-industrialization to drive economic growth. The President of the African Development Bank Group, Dr Akinwumi Adesina, stated, “This is a defining moment for Nigeria’s agricultural transformation. “The Nigeria SAPZ II project will create millions of jobs, empower smallholder farmers, and position Nigeria as a leader in agro-industrialization. These investments exemplify the power of collaboration to achieve sustainable development in Africa.” Related News AfDB offers solutions to Nigeria’s debt, forex challenges AfDB, farmers hail FG's agricultural interventions in Anambra, Enugu African countries pay 500% higher costs on global market debt – AfDB The SAPZ Nigeria programme is a nationwide, government-enabled, and private-sector-led investment initiative designed to revolutionize Nigeria’s agricultural sector. SAPZs are strategically located in regions with high agricultural production potential. These zones are equipped with infrastructure, common services, and policy incentives to attract and integrate agricultural and industrial businesses. The Vice President for Agriculture, Human and Social Development at AfDB, Dr Beth Dunford, chaired the presidential boardroom session, which included remarks from AfDB President Dr. Akinwumi A. Adesina and other key figures. The Adviser to President Bola Tinubu on Foreign Direct Investment, Princess Audu, represented Nigeria’s Vice President at the event. The Senior Special Adviser on Industrialization, Prof Banji Oyelaran-Oyeyinka, highlighted the achievements of Phase I and outlined the roadmap for Phase II. He confirmed that Phase I construction will commence within a few months, with a flag-off ceremony planned for December. The Director-General for Nigeria at AfDB, Dr Abdul Kamara, expressed enthusiasm for the investments. “I am pleased to see this significant investment interest and commitment from our financing partners for Nigeria at a time when the country is ramping up efforts to attract investments into the agriculture sector to address food security, create job opportunities, and boost economic growth,” he said.Overall, the success of "Black Myth: Wukong" on Steam's review charts is a testament to the dedication and passion of the development team behind the game. With its innovative gameplay, captivating story, and immersive world-building, the game has captivated players and critics alike, earning its spot as a standout title in the gaming industry.
Hyundai Motor’s bold experiment has begun (KOR)
NVIDIA has long been a dominant player in the graphics card market, known for its cutting-edge technology and high-performance products. Its GPUs are coveted by gamers, data scientists, and cryptocurrency miners alike, making it a key player in the world of computing. However, the company has not been without controversy, with past accusations of anti-competitive behavior and monopolistic practices.
The pig market is highly cyclical in nature, with prices fluctuating based on a variety of factors such as supply, demand, government policies, and external market conditions. The recent price rebound can be attributed to a combination of factors, including the recovery of pig production following the African swine fever outbreak, increased demand for pork products due to festive seasons and improving economic conditions.
Whether you are a seasoned gamer or a newbie looking to explore the world of mobile gaming, "Infinite Warmth" is sure to delight and inspire you. Join the adventure today and experience the magic of "Infinite Warmth" on your favorite platform, supported by the reliable infrastructure of Alibaba Cloud.Sora Opens Up for Usage as The Battle of "Vtubers" Continues
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6. **Pricing and Availability**:Ukraine’s former military commander in chief delivers chilling message: WWIII ‘has begun’
In response to the escalating tensions surrounding the handling of the Hong Kong situation by the United States, the Chinese Foreign Ministry announced on Monday that it would be imposing visa restrictions on certain US individuals who have exhibited a negative and disruptive attitude towards China's sovereignty over Hong Kong.
The arrest of a sitting president is a highly controversial and sensitive issue in any democracy, and South Korea is no exception. The decision to move forward with the arrest has divided the country, with supporters of President Yoon condemning it as a political witch hunt and his opponents hailing it as a victory for the rule of law.
( MENAFN - PR Newswire) Strategic hire underscores Assembly's commitment to bolstering its leadership team to deliver best-in-class services and results for its clients. NEW YORK, Dec. 20, 2024 /PRNewswire/ -- Assembly, a leading global marketing agency within the Stagwell (STGW) network, today announced the appointment of Josh Berman as Executive Vice President, Assembly Lead. Earlier this year, Assembly unveiled a new operating structure with teams organized into 'Assemblies' based on geography and industry sector. Based in New York, Berman will co-lead Assembly East, focusing on deepening brand relationships, driving innovation, and providing more rigor, expertise, and growth for clients. Berman brings 15 years of media industry experience to Assembly. Most recently, as Managing Partner and Client Lead at Wavemaker, he led media planning and buying for a major Church & Dwight brand and contributed to global product development initiatives, leveraging data and technology to craft effective marketing solutions. Over his career, Josh has partnered with marquee brands across various industries, including Citi, Campbell's, IKEA, Tiffany & Co., Amgen, Marriott, and AT&T. Berman's appointment is part of Assembly's ongoing growth efforts, ensuring that the agency remains at the forefront of the industry and continues to meet clients' evolving needs. "Our clients get the best of both worlds-an agency big enough to lead yet small enough to care-which means each client receives the attention, dedicated leadership, and prioritization the industry and clients are demanding," said Rick Acampora, Global CEO of Assembly. "Josh's extensive experience in media strategy, analytics, client leadership, and innovation, coupled with his ability to fuse media and creative to unlock and accelerate brand performance, will be instrumental as we continue to elevate and find the change that fuels growth for our clients. We are thrilled to have him join our team." Berman's role is effective immediately. ABOUT ASSEMBLY Assembly is a leading global omnichannel media agency that merges data, talent, and technology to catalyze growth for the world's most esteemed brands. Our holistic approach weaves together compelling brand narratives with a comprehensive suite of global media capabilities, driving performance and fostering significant business expansion. Our initiatives are powered by STAGE, our proprietary operating system, and executed by a dedicated global team of over 2,300 professionals across 35 offices worldwide. Committed to purposeful action, Assembly leads the way in social and environmental impact within the agency realm. As a proud member of Stagwell, the challenger network designed to revolutionize marketing, Assembly continues to set new standards of excellence. For more information, please visit assemblyglobal . Contact Mariana Delacqua [email protected] SOURCE Assembly MENAFN20122024003732001241ID1109018315 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
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