leading brands inc (LBIX) Key Developments
Leading Brands, Inc Reports Unaudited Consolidated Earnings Results for the First Quarter Ended May 31, 2015
Jul 10 15
Leading Brands Inc. reported unaudited consolidated earnings results for the first quarter ended May 31, 2015. For the quarter, the company reported net revenue of CAD 3,095,730 against CAD 3,775,100 a year ago. Net loss before taxes was CAD 475,710 against net income before taxes of CAD 248,637 a year ago. EBITDAS (earnings before interest, depreciation, amortization and SBC) was CAD 308,000 or CAD 0.11 per diluted share versus CAD 431,000 or CAD 0.13 per diluted share during the same period last year. Net loss was CAD 411,000 or CAD 0.15 per basic and diluted share versus net income of CAD 179,000 or CAD 0.06 per share, basic and fully diluted, in the same quarter of fiscal 2014. Net loss before stock based compensation was CAD 411,000 or CAD 0.15 per basic and diluted share versus net income before SBC of CAD 187,000 or CAD 0.06 per basic and diluted share in the same quarter of last year.
Leading Brands Conducts Strategic Review
Jul 10 15
Leading Brands Inc. (NasdaqCM:LBIX) swung to a fiscal quarter 1 loss, mainly due to the cost of paying an investment banker to explore strategic alternatives.
Leading Brands Inc. Eyes Acquisitions
Jun 18 15
Leading Brands Inc. (NasdaqCM:LBIX) eyes acquisitions. Ralph McRae, Chairman and Chief Executive Officer said, "With our business strengthened and positioned for growth, our investment banker's broad mandate includes, as a top priority, finding us an acquisition target involving one or more healthy, fast-growing food or beverage brands that have a strong foothold in the US market and a proven ability to execute there."
Leading Brands Inc. Announces Consolidated Financial Results for the Year Ended February 28, 2015
May 15 15
Leading Brands Inc. announced consolidated financial results for the year ended February 28, 2015. For the year, the company reported net sales of CAD 13,372,964 against CAD 15,313,468 a year ago. Income before taxes was CAD 444,547 against CAD 1,418,703 a year ago. Net income was CAD 335,582 or CAD 0.04 per diluted share against CAD 1,163,295 or CAD 0.37 per diluted share a year ago. EBITDAS were CAD 1,207,000 or CAD 0.42 per share against CAD 2,227,000 or CAD 0.76 per share a year ago. Net income before SBC was CAD 385,000 or CAD 0.13 per share against CAD 1,217,000 or CAD 0.42 per share a year ago.
Leading Brands Inc., Annual General Meeting, Jun 16, 2015
May 4 15
Leading Brands Inc., Annual General Meeting, Jun 16, 2015., at 10:00 Pacific Standard Time. Location: Hyatt Regency. Agenda: To receive the financial statements and the auditors' report for the fiscal year ended February 28, 2015; to appoint auditors and to authorize the directors to fix the auditors' remuneration; to elect directors; to approve the renewal of the company's shareholder rights plan; and to transact such other business as may properly come before the meeting.