MEDIA ADVISORY – Minister Hajdu to make an important housing announcement in Thunder Bay
THUNDER BAY, ON, Nov. 15, 2024 /CNW/ – Members of the media are invited to an important housing announcement with the Honourable Patty Hajdu, Minister of Indigenous Services, on behalf of the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities.
Date: Monday, November 18, 2024
Time: 9:30 a.m. (ET)
Where:
North End Community Centre
954 Huron Avenue,
Thunder Bay, Ontario
Follow us on X:
GovCan — Indigenous
(https://twitter.com/GCIndigenous)
SOURCE Indigenous Services Canada
View original content: http://www.newswire.ca/en/releases/archive/November2024/15/c9518.html
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Plant-Based API Market Poised To Hit $52 Billion By 2034, Driven By Psychedelics And Cannabinoids
The global plant-based Active Pharmaceutical Ingredient (API) market is projected to grow at a steady pace, reaching a valuation of $52.1 billion by 2034, according to a new report by Future Market Insights. The industry is expected to expand at a Compound Annual Growth Rate (CAGR) of 5.6%, fueled by rising demand for natural and sustainable pharmaceutical solutions, including psychedelics and cannabis-derived compounds.
Rising Demand For Psychedelic And Cannabis-Based Ingredients
A significant driver of market growth is the increasing use of psychoactive and plant-derived substances in modern pharmacology. Psychedelics like psilocybin and cannabinoids such as CBD and THC are gaining attention for their therapeutic potential in mental health and oncology. The U.S., a key player in the market, is leveraging biotechnological advances like CRISPR and synthetic biology to scale production of these high-demand APIs, contributing to a 4.2% CAGR.
“The global shift toward sustainable, plant-based solutions reflects both consumer interest in natural medicine and the pharmaceutical industry’s focus on alternative therapies,” said Sabyasachi Ghosh, associate VP at Future Market Insights. The market’s rapid expansion underscores the increasing acceptance of psychedelics and cannabis as mainstream pharmaceutical ingredients.
Therapeutic Applications And Key Botanical Sources
Plant-based APIs are harnessed from well-documented medicinal plants such as cannabis, ginseng, turmeric and cinchona. These natural sources contain bioactive compounds like flavonoids, terpenes and alkaloids, offering various therapeutic benefits. Major applications of plant-based APIs include pain management, anti-inflammatory treatments and oncology therapies.
The incorporation of cannabinoids, particularly CBD and THC, into pharmaceutical formulations is reshaping the landscape of pain and anxiety treatments. Similarly, psychoactive compounds from plants like Syrian rue and Psilocybe mushrooms are being explored for treating mental health disorders like depression and PTSD.
Regional Growth And Market Segmentation
The report highlights robust growth in Asian markets, with India leading at an 8.8% CAGR, followed closely by China (8.7%) and South Korea (8.6%). These regions are investing heavily in agricultural biotechnologies and expanding their capabilities in plant-based pharmaceutical production.
The market segments by product type, covering alkaloids, cannabinoids, terpenes, flavonoids and polyphenols. It also includes API forms like extracts, powders and resins from botanicals such as opium poppy, turmeric, ginseng and cannabis.
Competitive Landscape: Psychedelics And Cannabis Companies Lead the Charge
The plant-based API sector is experiencing intense competition, particularly in the cannabis and psychedelics segments. Companies are rapidly scaling production and forming key partnerships to meet the rising demand for plant-based, pharmaceutical-grade ingredients.
Recent developments include Bright Green Corporation’s agreement to supply DEA-approved marijuana extracts and psychedelic compounds to Benuvia Operations. Indena’s authorization from Italian regulators to produce pharmaceutical-grade CBD further illustrates the expanding global footprint of cannabis-derived APIs.
Key players in the industry include the Illinois-based Abbott ABT, New Mexico’s Bright Green Corporation, Indena S.p.A., headquartered in Milan, Italy, Alchem International Pvt. Ltd., based in India, Israeli Teva Pharmaceutical Industries Ltd. TEVA; Roquette Frères, based in Lestrem, France; and Sami-Sabinsa Group, based in New Jersey.
The Future Of Plant-Based APIs: Sustainable And Psychedelic Solutions
The growing demand for sustainable, natural treatments will likely position the plant-based API market at the forefront of global healthcare. As pharmaceutical companies continue to explore the therapeutic potential of bioactive compounds from plants, the integration of psychedelics and cannabis-derived APIs is likely to play a pivotal role in shaping the next decade of medicine.
Cover image made with AI
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
China’s Dream of ‘Powerful Currency’ Runs Into Trump’s Return
(Bloomberg) — China’s President Xi Jinping wants a “powerful currency” that is stable enough to play a rising role in global trade. Donald Trump’s return looks set to challenge that ambition.
Most Read from Bloomberg
The yuan risks years of downward pressure during the second Trump presidency, and the threat of another trade war is already fueling bets against the currency. Analysts expect the yuan to break a 17-year low against the dollar in 2025, with the most bearish observers predicting a decline of around 10%.
The yuan is more vulnerable than it was during the last trade war. Chinese government bond yields are well below those in the US. Foreign companies are pulling back investments. Economic growth is patchy, and the specter of deflation may drag interest rates even lower.
“The downward pressure is likely to intensify,” said Adam Wolfe, emerging markets economist at Absolute Strategy Research. The People’s Bank of China “will likely continue to support the yuan for a while given its financial stability concerns about a bigger devaluation. But if a trade war does kick off, the PBOC might allow more depreciation to protect China’s exports and improve its negotiating position.”
That logic is encouraging traders to ramp up bets against the currency. The onshore yuan traded at an intraday low of around 7.248 on Nov. 14, its weakest level in three months, and options traders are betting on a further decline. The offshore rate was around 7.237 on Friday.
BNP Paribas SA expects the dollar-yuan to stabilize around 7.5 if Trump follows through on his pledge to impose 60% tariffs on Chinese goods, while UBS AG forecasts a rate of 7.60-7.70 next year and Societe Generale SA expects 7.40 in the second quarter. These forecasts all point to the onshore yuan breaching its low last year of 7.351, the weakest level since 2007.
Some analysts go even further: Jefferies Financial Group Inc. expects daily yuan fixings of around 8 yuan per dollar in 2025. The last time the yuan was at that level, in 2006, George W. Bush was president, Twitter was only a few months old and China’s economy was smaller than Germany’s.
Analysts say letting the yuan weaken is the path of least resistance, and one that benefits Chinese exports should the US hike tariffs. But the real debate is about how much — and how fast — the PBOC will allow the currency to depreciate.
ROSEN, LEADING INVESTOR COUNSEL, Encourages PACS Group Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – PACS
NEW YORK, Nov. 15, 2024 (GLOBE NEWSWIRE) —
WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of PACS Group Inc. PACS: (i) common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) in connection with the Company’s April 11, 2024 initial public offering (“IPO”); and/or (ii) securities between April 11, 2024 and November 5, 2024, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 13, 2025.
SO WHAT: If you purchased PACS common stock pursuant and/or traceable to the IPO and/or securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the PACS class action, go to https://rosenlegal.com/submit-form/?case_id=30617 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 13, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, the Registration Statement and defendants made false and/or misleading statements and/or failed to disclose that: (1) PACS engaged in a “scheme” to submit false Medicare claims which “drove more than 100% of PACS’ operating and net income from 2020 – 2023”; (2) PACS engaged in a “scheme” to “bill thousands of unnecessary respiratory and sensory integration therapies to Medicare”; (3) PACS engaged in a scheme to falsify documentation related to licensure and staffing; and (4) as a result of the foregoing, defendants’ positive statements about PACS’ business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the PACS class action, go to https://rosenlegal.com/submit-form/?case_id=30617 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
——————————-
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Major Investor In Trump Media Offloads Most Of Its Stake In DJT Stock
ARC Global Investments, a major investor in Trump Media & Technology Group DJT, has drastically reduced its stake in the company.
What Happened: According to a regulatory filing on Friday, ARC Global and its manager, Patrick Orlando, now hold a mere 0.01% stake in Trump Media, the parent company of Truth Social.
This is a significant decrease from their previous holding of over 5% or more than 11 million shares in September.
Orlando, the former CEO of Digital World Acquisition Corp., the SPAC that took Trump Media public, was removed from his role before the deal was completed.
In July, the U.S. Securities and Exchange Commission (SEC) sued Orlando, alleging securities fraud for false and misleading statements as CEO of Digital World Acquisition.
In September, a Delaware judge ruled that Trump Media had violated an agreement with ARC Global. The ruling stated that the fund should receive over half a million additional shares before the expiration of a lock-up on insider sales.
Why It Matters: President-elect Donald Trump currently holds a 57% stake in Trump Media.
On Election Day, Trump Media reported a 6% year-over-year decrease in its third-quarter net sales, which stood at $1.01 million, with all revenue coming from advertising on the Truth Social platform.
Earlier this month, Trump announced that he had no plans to sell his stake in the Truth Social parent, causing the company’s stock to soar.
Meanwhile, on Wednesday, it was reported that Trump Media’s CFO and two other insiders sold millions of dollars worth of shares following the election.
Price Action: DJT shares ended Friday up 4.11%, closing at $28.10. However, in after-hours trading, the stock dipped 0.57% to $27.94 at the time of writing, according to data from Benzinga Pro.
Read Next:
Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
MINTO APARTMENT REIT ANNOUNCES NOVEMBER 2024 CASH DISTRIBUTION
̶ Amount represents a 3% increase from previous level ̶
OTTAWA, ON, Nov. 15, 2024 /CNW/ – Minto Apartment Real Estate Investment Trust (the “REIT”) MI today announced a cash distribution of $0.04333 per REIT unit for the month of November 2024. Payment will be made on December 16, 2024 to unitholders of record as at November 30, 2024.
As previously announced, the amount of the November distribution represents a 3% increase from the prior level, resulting in an increase in the annualized amount of the REIT’s distribution from $0.505 per unit to $0.52 per unit.
About Minto Apartment Real Estate Investment Trust
Minto Apartment Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario to own income-producing multi-residential properties located in urban markets in Canada. The REIT owns a portfolio of high-quality income-producing multi-residential rental properties located in Toronto, Montreal, Ottawa and Calgary. For more information on Minto Apartment REIT, please visit the REIT’s website at: https://www.mintoapartmentreit.com.
Forward-Looking Statements
This news release may contain forward-looking statements (within the meaning of applicable securities laws) relating to the business of the REIT. Forward-looking statements are identified by words such as “believe”, “anticipate”, “project”, “expect”, “intend”, “plan”, “will”, “may”, “estimate” and other similar expressions. These statements are based on the REIT’s expectations, estimates, forecasts and projections and include, without limitation, statements regarding the intended monthly distributions of the REIT. The forward-looking statements in this news release are based on certain assumptions, including without limitation that the REIT will have sufficient cash to pay its distributions. They are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, the factors discussed and referenced under the heading “Risks and Uncertainties” in the REIT’s Q3 2024 management’s discussion and analysis dated November 12, 2024, which is available at www.sedarplus.ca. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the REIT assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
SOURCE Minto Apartment Real Estate Investment Trust
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2024/15/c4689.html
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
3 developments that could derail the stock market's post-Trump sugar high, BofA says
-
Bank of America cited three risks that could upend corporate earnings growth, a key driver of stock returns.
-
One potential headwind is Trump’s proposed tariff plan, BofA said.
-
The firm is also keep a close eye on bond yields, which have soared since the election.
The stock market has been riding high since Donald Trump won the presidential election.
One main driver of that has been investors pricing in strong profit growth in the future, seen as a direct byproduct of Trump’s plans to cut the corporate tax rate and loosen regulation.
Although Bank of America‘s year-end target for the S&P 500 is slightly above current levels, new research from the firm’s equity-strategy team laid out three developments that could derail the ongoing “earnings-per-share upcycle” that’s powering gains.
First, an economic recession could significantly undercut earnings growth, drawing S&P EPS down 10% to 20%.
Though a US downturn isn’t BofA’s base case, the bank cited that recession risk is a real possibility under incoming president Donald Trump.
That will depend on which policies the incoming administration prioritizes, analysts wrote in a separate note. In a scenario where Trump pushes dramatic immigration curbs and protectionist trade policies amid minimal fiscal easing, the economy would sink into recession.
Peak-to-trough profit drawdowns of 20% are typical in an average recession. Under this scenario, EPS would drop to $195-$220 next year.
To be sure, BofA also sees chances of blowout growth, if the president-elect de-emphasizes trade and immigration restrictions in favor of tax cuts and deregulation. In this case, GDP growth could even exceed 3% in 2025.
Second, if Trump’s trade plans are implemented, retaliatory tariffs could trigger a 10% hit to EPS.
During his campaign, the president-elect pledged to implement a 10% duty on all foreign imports into the US. That wouldn’t apply to Chinese products, which would face a 60% rate instead.
If Trump stays true to his word, BofA expects US foreign sales to take on a 3% to 4% hit as the rest of the world establishes its own retaliatory tariffs.
In the mounting trade war, industrials and semiconductor stocks would be most at risk, the bank said.
Third, a dramatic upswing in bond yields could slash EPS by another 10%.
BofA’s worst-case scenario would be if the 10-year Treasury yield surges to 7%, a situation that could be prompted if Trump’s tariff and immigration reductions spark an inflation shock.
If this were to happen, the yield jump implies that the Purchasing Managers Index would hit 43 by 2024’s year-end.
5 charts showing Trump's immense postelection market impact
-
Donald Trump’s presidential-election victory has fueled major moves in financial markets.
-
Investors are anticipating tax cuts and looser regulation from Trump.
-
Here are five charts that show how Trump’s win has affected markets.
Donald Trump’s election victory immediately sent financial markets into a frenzy.
Stocks soared to records on the prospect of tax cuts and looser regulation. Bank stocks, in particular, got a lift amid speculation of increased deal activity.
Bond yields also surged as investors priced in the expectation that Trump’s protectionist trade policies would be inflationary, which complicates plans for further rate cuts. This led to renewed interest in money-market funds. The dollar rose and gold dipped.
Cryptocurrencies of all sorts charged higher, with bitcoin setting a series of records above $90,000 as traders looked ahead to lighter regulation from the self-appointed “crypto president.”
A group of Bank of America analysts led by Michael Hartnett, the chief investment strategist of BofA Global Research, took stock of the recent moves.
Below are five charts that show just how extreme market fluctuations have been across assets:
Read the original article on Business Insider
Grateful Grazing: A Journey Through California's Harvest Brings Together School Nutrition and Agriculture Leaders
SACRAMENTO, Calif., Nov. 15, 2024 (GLOBE NEWSWIRE) — The Dairy Council of California, in collaboration with the California Beef Council and California Grown, recently hosted Grateful Grazing: A Journey Through California’s Harvest, an immersive educational event designed to connect leaders in school nutrition with California agriculture. Held on November 14, 2024, during the California School Nutrition Association’s 72nd Annual Conference, the event offered attendees an opportunity to explore the nutritional value and sustainability benefits of California’s agricultural food production.
“Grateful Grazing provided an incredible opportunity to connect school nutrition leaders with the agricultural roots of the food served in California school meal programs,” said Amy DeLisio, CEO of Dairy Council of California. “This partnership supports not only farm-to-school programming but also the nutritional health and wellness of California’s students.”
The event took place at Sacramento’s celebrated Mulvaney’s B&L, where attendees enjoyed a thoughtfully curated dining experience featuring a seasonal menu crafted from locally sourced ingredients with an emphasis on California Grown fruits, vegetables, and tree nuts. Designed to encourage engagement, the evening featured collaborative discussions led from key leaders, including Karen Ross California Secretary of Agriculture and Kim Frinzell, Director of the Nutrition Services Division at the California Department of Education.
“California Grown is all about connecting Californians with the people who grow and produce our food. California farmers produce more than 400 specialty crops. This event allowed us to connect with California school nutrition leaders who are shaping students’ views about the impact and diversity of our vast food system in California as well as their preferences for fruits, vegetables, and other specialty crops,” said Cher Watte, executive director of the Buy California Marketing Agreement/California Grown.
Approximately 100 attendees participated, including school nutrition directors, chefs, managers, buyers, district registered dietitian nutritionists (RDNs), and other allied partners involved in California’s farm-to-school programming. The event aimed to deepen participants’ understanding of local agricultural production and the state’s commitment to promoting nutrition security, sustainable agriculture, and healthy development for students.
“Events like Grateful Grazing play a vital role in bridging the gap between school nutrition programs and the agricultural community,” said Kori Dover, RD, of the California Beef Council. “California’s agriculture industry is a powerhouse, providing healthy, nutritious options that support both sustainability and the growth and wellness of our school-aged children.”
Attendees had the opportunity to explore a diverse array of California-grown foods, from fresh specialty crops to wholesome beef and dairy, reflecting the state’s rich agricultural diversity. Through this experience, the Dairy Council of California and its partners aimed to inspire school nutrition professionals to champion healthy, sustainable food choices, benefiting the health and development of students across California.
About Dairy Council of California
Dairy Council of California is a nutrition organization working together with champions to elevate the health of children and communities through lifelong healthy eating patterns. Focusing on education, advocacy, dairy agricultural literacy and collaboration, Dairy Council of California advances the health benefits of milk and dairy foods as part of the solution to achieving nutrition security and sustainable food systems. Learn more at DairyCouncilofCA.org.
About the California Beef Council
The California Beef Council (CBC) was established in 1954 to serve as the promotion, research, and education arm of the California beef industry, and is mandated by the California Food and Agricultural Code. The CBC’s mission is to amplify the voice of the California beef industry to strengthen beef demand through innovative promotions, research, and open communication. For more information, visit www.calbeef.org.
About the Beef Checkoff
The Beef Checkoff Program was established as part of the 1985 Farm Bill. The checkoff assesses $1 per head on the sale of live domestic and imported cattle, in addition to a comparable assessment on imported beef and beef products. States may retain up to 50 cents on the dollar and forward the other 50 cents per head to the Cattlemen’s Beef Promotion and Research Board, which administers the national checkoff program, subject to USDA approval.
About California Grown
California Grown is all about connecting Californians and other consumers in the U.S. with the people who grow and produce their food – it’s really that simple. California leads in sustainable farming practices that benefit the environment, community, economy and uphold the state’s unique way of life. With a transparent crop input system, California growers meticulously track and report field activities. They cultivate over 400 specialty crops, supported by a diverse agricultural community contributing unique perspectives and skills. Family-owned farms constitute 93% of California’s agricultural landscape, emphasizing local support. Recognizing farmworkers’ contributions, California Farmer & Farmworker Month in October highlights industry pay and protections, among the nation’s highest. The Golden State supplies over 50% of U.S. produce and 80% of its wine, while ranking first in sustainable dairy production. Collaborating with tech leaders and university researchers, California growers continuously innovate in production, packing, shipping and preservation methods. California is always a fresh and flavorful choice, and it doesn’t just happen in Silicon Valley. Discover more at californiagrown.org.
Contact
Alex Vigil, Program Director
916-203-4539
Email: avigil@DairyCouncilofCA.org
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/6d179c7b-d4a1-407d-8f2e-7ffcc279258d
https://www.globenewswire.com/NewsRoom/AttachmentNg/f11c232d-21cc-444e-9913-7309368018a4
https://www.globenewswire.com/NewsRoom/AttachmentNg/f5cd3fc7-c2ba-46d8-b4e0-f20af6c269ad
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
BSR REIT Announces November 2024 Cash Distribution
LITTLE ROCK, Ark. and TORONTO, Nov. 15, 2024 /CNW/ – BSR Real Estate Investment Trust (the “REIT”) HOM HOM today announced a cash distribution of US$0.0467 per REIT unit for the month of November 2024, representing US$0.56 per REIT unit on an annualized basis. Payment will be made on December 16, 2024 to unitholders of record as at November 30, 2024.
About BSR Real Estate Investment Trust
BSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT owns a portfolio of multifamily garden-style residential properties located in attractive primary markets in the Sunbelt region of the United States.
Forward-Looking Statements
This news release may contain forward-looking statements (within the meaning of applicable securities laws) relating to the business of the REIT. Forward-looking statements are identified by words such as “believe”, “anticipate”, “project”, “expect”, “intend”, “plan”, “will”, “may”, “estimate” and other similar expressions. These statements are based on the REIT’s expectations, estimates, forecasts and projections and include, without limitation, statements regarding the intended monthly distributions of the REIT. The forward-looking statements in this news release are based on certain assumptions including, without limitation, that the REIT will have sufficient cash to pay its distributions. They are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, the factors discussed under the heading “Risk Factors” in the REIT’s Q3 2024 Management’s Discussion & Analysis dated November 7, 2024 which is available at www.sedarplus.ca. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the REIT assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
SOURCE BSR Real Estate Investment Trust
View original content: http://www.newswire.ca/en/releases/archive/November2024/15/c9007.html
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.