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Carmanah Announces Proceeds of CDN $1.2 Million from the Exercise of Broker Warrants
Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) today announced it has received proceeds of approximately $1.2 million as a result of the exercise of approximately 240,000 previously issued broker warrants. The company intends to use the proceeds of the broker warrant exercises for general and working capital purposes. The broker warrants were issued in connection with the Company’s bought deal offering on April 28, 2015 and the subsequent over-allotment option on May 1, 2015, these warrants were set to expire on April 28, 2016 and May 1, 2016. The exercise price of the warrants was $5.00 per share. As of March 31, 2016 approximately 75% of the broker warrants have been exercised. About Carmanah Technologies Corporation Headquartered in Victoria, British Columbia, Carmanah produces a portfolio of products focused on energy optimized LED and solar technologies.Sabik acquisition drives Carmanah’s $10.7-million profit
Andrew Duffy / Times ColonistCarmanah Reports Fourth Quarter, and Fiscal 2015 Results
Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) today reported its fourth quarter financial results for the period ended December 31, 2015. Currency amounts are in U.S. dollar unless otherwise noted. For the fourth quarter of 2015, the Company recorded a net income of $0.6 million on revenues of $21.3 million. This compares to net income of $0.3 million on revenues of $13.5 million over the same period in 2014.Canadian CEOs want governments to invest in clean-tech innovation
Richard Blackwell / Globe and MailCarmanah Announces Release Date for Fourth Quarter 2015 Financial Results and Conference Call
Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) will release its fourth quarter 2015 financial results on Tuesday, March 29th, 2016 after market close. Carmanah has scheduled a conference call for analysts at 6:00 am PST (9:00 am ET) on Wednesday, March 30th, 2016.Carmanah Announces Normal Course Issuer Bid
Carmanah Technologies Corporation (TSX:CMH) (the “Company” or “Carmanah”), today announced that the Toronto Stock Exchange (the “TSX”) has accepted the Company’s notice of its intention to make a normal course issuer bid (the “Bid”) to purchase up to 1,426,386 of its common shares, representing approximately 10% of its public float as of March 7, 2016.Victoria’s Carmanah Technologies finds its guiding light
Andrew Duffy / Times ColonistCarmanah Releases Preliminary Financial Results for Q4 and Fiscal 2015
Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) has released preliminary selected financial estimates for the quarter and the year ended December 31, 2015. Revenues for the fourth quarter of 2015 are expected to be approximately USD $21.0 million, up 56% over prior year quarter of USD $13.5 million. Revenues for the year ended December 31, 2015 are expected to be approximately USD $68.0 million, up 56% over fiscal 2014 revenues of $43.7 million. Revenues, both in the fourth quarter and the fiscal year, grew organically and due to inclusion of revenues from the acquisition of the Sabik Group of Companies which closed on July 2, 2015.
Airfield lighting improves safety and economic development
Cory Brigham, Aviation Sales Representative for Carmanah Technologies, met with News Ghana in an exclusive interview on the sidelines of the Fourth Annual Africa Airport Expansion Summit which ended in Accra on Friday. “It is possible to have airfield lighting at every airport; all your domestic airports, regional airports, and international airports.