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Relevium Technologies Inc. (RLV.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.03000.0000 (0.00%)
At close: 3:32PM EDT
Full screen
Previous Close0.0300
Open0.0250
Bid0.0250 x 0
Ask0.0300 x 0
Day's Range0.0250 - 0.0300
52 Week Range0.0200 - 0.0850
Volume41,900
Avg. Volume1,172,359
Market Cap6.209M
Beta (5Y Monthly)2.56
PE Ratio (TTM)N/A
EPS (TTM)-0.0360
Earnings DateMar. 02, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Relevium Secures North American Exclusivity for Medical Examination Gloves, with First Shipment to Arrive in Los Angeles by Mid April
    GlobeNewswire

    Relevium Secures North American Exclusivity for Medical Examination Gloves, with First Shipment to Arrive in Los Angeles by Mid April

    MONTREAL, March 11, 2021 (GLOBE NEWSWIRE) -- Relevium Technologies Inc. (TSX.V:“RLV”, OTCQB:“RLLVF” and Frankfurt: “6BX”) (the “Company” or “Relevium”), is pleased to announce the company has secured delivery of the delivery of first production batch Personal Protective Equipment (“PPE”) from the a supply agreement entered into the last quarter of 2020 with 24 Clean Energy (the “Supplier”), a manufacturer and distributor of high-end medical grade nitrile gloves. Relevium has also obtained the exclusive North American rights to market the “DI-Line” brand of medical grade gloves, a much needed and sought-after PPE product. This initial order of 500,000 boxes, each box containing a 100-unit count, was secured at a cost of just over CAD $5 million, with funds being paid in advance at the time of order. The supplier has finished the first production run and the gloves are expected to arrive at the port of Los Angeles during the third week of April. The Company will deliver the gloves to its customers in the US in conjunction with its Canadian distribution partners. The Company expects revenues from the 500,000 boxes to be of a total transactional value of between CAD $8 and $10 million. According to market research company Grand View, in 2019, prior to the pandemic, the global nitrile gloves market size was valued at USD 3.12 Billion, with an expected compounded annual growth rate (CAGR) of 14.1% from 2020 to 2027, not including the effect of the current pandemic. Rising awareness regarding the benefits of the PPE product in healthcare facilities, coupled with the recent COVID-19 pandemic, are expected to accelerate the long-term demand, and in particular as health agencies in Europe review proposals for making the use of nitrile gloves mandatory in the services and institutional industries as well. Aurelio Useche, CEO of Relevium stated, “We see a long-term incremental demand for health care PPE and related products, a natural fit to our existing core, which will be channeled in conjunction with the H-Source Platform. We proactively capture the opportunity created by a major gap in the demand and supply of this commodity leaving users looking for a stable supply chain. We expect the imbalance to remain strong throughout 2021 and prices to remain elevated”. Mr. Useche further comments: “We have now secured direct access to PPE manufactures & suppliers, which has established significant credibility with our valued customers. By collaborating with our trusted partner H-Source Holdings (TSXV: HSI), we can now deploy an entire end-to-end solution, including procurement, logistics & supply-chain delivery, all backed by block-chain technology. This provides Relevium a significant advantage for existing and future opportunities in the PPE / medical sectors, both in North America and globally”. About Relevium TechnologiesRelevium is a publicly traded Company that operates in the health and wellness industry, including cannabinoids, with a primary focus on online distribution. The principal business of the Company is the identification, evaluation, acquisition and operation of brands and businesses in the health and wellness markets and cannabinoids. The Company pursues its business strategy through an acquisition and partnership model in a holistic approach to encompass a wide range of health and wellness consumer products. Relevium operates through two wholly owned subsidiaries: BGX E-Health LLC (BGX), based in Orlando, Florida, markets dietary supplements, nutraceuticals, sports nutrition and cosmeceuticals primarily through its Bioganix® brand portfolio in the US and Europe. Relevium’s premium brands are sold at some of the world’s largest retailers including Walmart.com and Amazon.com. Biocannabix Health Corporation (BCX), based in Montreal, Quebec, is a biopharma nutraceutical Company focused on delivering pediatric endo-medicinal nutraceuticals for cannabinoid therapy. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking StatementsThis release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, assumptions or expectations of future performance, including the timing and completion of the proposed acquisitions, are forward-looking statements and contain forward-looking information. Generally, forward- looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including the assumptions that the Company will be able to apply for and ultimately obtain an ACMPR licence, the proposed business of Biocannabix will develop as anticipated, that the Company will raise sufficient funds to develop the Biocannabix business, and that the Company will obtain all requisite regulatory approvals. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, the risk that the proposed business developments may not occur as planned; the timing and receipt of requisite approvals and failure to raise sufficient funds. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements 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 statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor. On Behalf of the Board of Directors RELEVIUM TECHNOLOGIES INC. Aurelio UsechePresident and CEO For more information about this press release: Tel: +1.888.528.8687 RELEVIUM TECHNOLOGIES INCEmail: investors@releviumcorp.com Website: www.releviumtechnologies.com Like us on FacebookFollow us on Twitter Follow us on LinkedIn

  • Relevium Announces Investor Relations Conference Call
    GlobeNewswire

    Relevium Announces Investor Relations Conference Call

    MONTREAL, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Relevium Technologies Inc. (TSX.V:“RLV”, OTCQB:“RLLVF” and Frankfurt: “6BX”) (the “Company” or “Relevium”), is pleased to invite all shareholders, partners, affiliates and interested parties to attend a “town hall” Investor Relations conference call to be hosted by Aurelio Useche, CEO. During 2020, the Coronavirus outbreak had a devastating effect and substantially changed the economic context of many small and medium-sized venture companies, driving down public company valuations and forcing a completely new paradigm in terms of consumer spending and behaviour. Consistent with previous conference calls, Aurelio Useche will be discussing how Relevium has managed to perform during these turbulent times, the strategic business model pivot, and to take a deep dive into the current and future context of the business. “The events of 2020 which led to a global pandemic have affected business models and consumer priorities. I would like to share with all the participants, in an open forum format, the current and future implication of these changes for our Company. I look forward to your participation”, stated Aurelio Useche, CEO of Relevium Technologies. DETAILS FOR THE CONFERENCE CALL Date and Time: Thursday February 11, 2021 at 4:15PM Eastern Time. Registration: Attendees must register in advance by CLICKING HEREQ&A Session: Please submit your questions to investors@releviumcorp.com using subject line “Question” About Relevium TechnologiesRelevium is a publicly traded Company that operates in the health and wellness industry, including cannabinoids, with a primary focus on online distribution. The principal business of the Company is the identification, evaluation, acquisition and operation of brands and businesses in the health and wellness markets and cannabinoids. The Company pursues its business strategy through an acquisition and partnership model in a holistic approach to encompass a wide range of health and wellness consumer products. Relevium operates through two wholly owned subsidiaries: BGX E-Health LLC (BGX), based in Orlando, Florida, markets dietary supplements, nutraceuticals, sports nutrition and cosmeceuticals primarily through its Bioganix® brand portfolio in the US and Europe. Relevium’s premium brands are sold at some of the world’s largest retailers including Walmart.com and Amazon.com. Biocannabix Health Corporation (BCX), based in Montreal, Quebec, is a biopharma nutraceutical Company focused on delivering pediatric endo-medicinal nutraceuticals for cannabinoid therapy. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking StatementsThis release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, assumptions or expectations of future performance, including the timing and completion of the proposed acquisitions, are forward-looking statements and contain forward-looking information. Generally, forward- looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including the assumptions that the Company will be able to apply for and ultimately obtain an ACMPR licence, the proposed business of Biocannabix will develop as anticipated, that the Company will raise sufficient funds to develop the Biocannabix business, and that the Company will obtain all requisite regulatory approvals. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, the risk that the proposed business developments may not occur as planned; the timing and receipt of requisite approvals and failure to raise sufficient funds. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements 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 statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor. On Behalf of the Board of Directors RELEVIUM TECHNOLOGIES INC. Aurelio UsechePresident and CEO For more information about this press release: Tel: +1.888.528.8687 RELEVIUM TECHNOLOGIES INCEmail: investors@releviumcorp.com Website: www.releviumtechnologies.com Like us on FacebookFollow us on Twitter Follow us on LinkedIn

  • GlobeNewswire

    Relevium Reports Interim First Quarter Results for the Three-Month Period Ended September 30, 2020

    MONTREAL, Jan. 25, 2021 (GLOBE NEWSWIRE) -- Relevium Technologies Inc. (TSX.V:“RLV”, OTCQB:“RLLVF” and Frankfurt: “6BX”) (the “Company” or “Relevium”), is pleased to report the completion of the interim financial statements and MD&A for the three-month period ended September 30, 2020. The Company’s overall performance for the three-month period ended September 30, 2020 was influenced primarily by the continued impact of the Covid-19 global pandemic on the Company’s operations. During the first quarter of fiscal year ending June 30, 2021, the company reported sales of $333,116 (compared to $1,017,686 in 2019), a decrease of $684,570 driven primarily by marketplace restrictions for inbound inventory imposed by the Amazon marketplace, supply chain shortages and subsequent liquidity issues affecting overall operations. Gross margins improved by four percentage points from 54% to 58%, primarily the result of changes to the sales mix, which focused on the top 10 products. Cost of goods sold for the reporting period were $139,844 on $333,116 of sales versus $472,351 on $1,017,686 for 2019. Aurelio Useche, CEO for Relevium stated: In response to the economic crisis that resulted from the ongoing global pandemic, the Company has focused on and made considerable changes to its costs and expense structure, in order to adapt to the situation. The resulted changes led to lower operating expenses of $532,829 as compared to $1,395,681. This major reduction was attributed to significant reductions in selling and marketing expenses, lower general, administrative and consulting fees”. Aurelio Useche added: “Although sales revenues were adversely affected, we managed to report a significant reduction in net and comprehensive losses of $327,232, as compared to $853,000 in 2019. The reduction totaling $525,768 translated in a net loss per share of $0.002 as compared to a net loss per share of $0.006 in 2019” FINANCIAL HIGHLIGHTS FOR Q1 OF THE FISCAL YEAR ENDING JUNE 30, 2021 Total assets of $32,105,408 as at September 30, 2020 (June 30, 2020: $4,334,466), an increase of $27,770,942, primarily driven by Cash in Trust of $15,721,826 (June 30, 2020: NIL), Deposits and Prepaids of $12,019,043 (June 30, 2020: $85,348) and Accounts Receivable of $634,835 (June 30, 2020: 380,546).Total liabilities of $32,074,371 as at September 30, 2020 (June 30, 2020: $4,278,944) This is primarily due to customer deposit liability of $27,811,768.Shareholders’ equity was $31,037 as at September 30, 2020 (June 30, 2020: $55,522). This is primarily due to an increase reported deficit of $18,790,890 (June 30, 2020: $18,451,333).The Company reported $333,116 in revenues for the reporting period ($1,017,686 for 2019), representing a decrease of $684,570 over the comparable period.Cost of goods sold for the reporting period were $139,844 on $333,116 of sales versus $472,351 on $1,017,686 for 2019.Gross margins improved by four percentage points from 54% to 58%, primarily the result of changes to the sales mix, which focused on the top 10 products.Total expenses for reporting period were $532,829 ($1,395,681 for 2019).The net comprehensive loss for three-month period ended September 30, 2020 was $327,232 ($853,000 in 2019).Net loss per share of $0.002 during the reporting period, as compared to a net loss per share of $0.006 in 2019. OUTLOOK The Company remains focused on reduced operating expenses as the operating environment due to the pandemic slowly begins to move to a new normal. The Company remains focused on existing opportunities in the Personal Protective Equipment (“PPE”) market as well as its’ proprietary disinfectant line. About Relevium TechnologiesRelevium is a publicly traded Company that operates in the health and wellness industry, including cannabinoids, with a primary focus on online distribution. The principal business of the Company is the identification, evaluation, acquisition and operation of brands and businesses in the health and wellness markets and cannabinoids. The Company pursues its business strategy through an acquisition and partnership model in a holistic approach to encompass a wide range of health and wellness consumer products. Relevium operates through two wholly owned subsidiaries: BGX E-Health LLC (BGX), based in Orlando, Florida, markets dietary supplements, nutraceuticals, sports nutrition and cosmeceuticals primarily through its Bioganix® brand portfolio in the US and Europe. Relevium’s premium brands are sold at some of the world’s largest retailers including Walmart.com and Amazon.com. Biocannabix Health Corporation (BCX), based in Montreal, Quebec, is a biopharma nutraceutical Company focused on delivering pediatric endo-medicinal nutraceuticals for cannabinoid therapy. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking StatementsThis release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, assumptions or expectations of future performance, including the timing and completion of the proposed acquisitions, are forward-looking statements and contain forward-looking information. Generally, forward- looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including the assumptions that the Company will be able to apply for and ultimately obtain an ACMPR licence, the proposed business of Biocannabix will develop as anticipated, that the Company will raise sufficient funds to develop the Biocannabix business, and that the Company will obtain all requisite regulatory approvals. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, the risk that the proposed business developments may not occur as planned; the timing and receipt of requisite approvals and failure to raise sufficient funds. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements 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 statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor. On Behalf of the Board of Directors RELEVIUM TECHNOLOGIES INC. Aurelio UsechePresident and CEO For more information about this press release: Tel: +1.888.528.8687 RELEVIUM TECHNOLOGIES INCEmail: investors@releviumcorp.com Website: www.releviumtechnologies.com Like us on FacebookFollow us on Twitter Follow us on LinkedIn