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Quinsam Reports Q1/2023 Results

Quinsam Reports Q1/2023 Results

Quinsam 公佈2023年第一季度業績
newsfile ·  2023/05/23 20:13

Toronto, Ontario--(Newsfile Corp. - May 23, 2023) - Quinsam Capital Corporation (CSE: QCA) ("Quinsam" or the "Company") is announcing its Q1/2023 results, with net income of $0.4 million ($0.00 per share basic, $0.00 fully diluted) versus a loss of $1.7 million ($0.02 per share basic, $0.02 fully diluted) in Q1/2022. Investors can access the Company's full financial statements on sedar.com.

安大略省多倫多--(Newsfile Corp.-2023年5月23日)-Quinsam Capital Corporation(CSE:QCA)(以下簡稱“Quinsam”或“公司”)公佈了2022年第一季度的業績,淨收益為40萬美元(每股基本收益0.00美元,完全稀釋後收益0.00美元),而2022年第一季度虧損170萬美元(基本每股收益0.02美元,完全稀釋後收益0.02美元)。投資者可以在sedar.com上查閱該公司的完整財務報表。

"At March 31, 2023, we had net assets of approximately $0.15 per share outstanding," said Roger Dent, CEO. "Our shares continue to trade at a very steep discount from NAV."

首席執行官羅傑·登特表示:“截至2023年3月31日,我們的淨資產約為每股流通股0.15美元。”“我們的股價仍較資產淨值有非常大的折讓。”

After a very difficult year in 2022, Q1/2023 appears to be showing the beginning of a stabilization in small cap markets. While enthusiasm remains muted, the environment appears more constructive than it was in 2022.

在經歷了2022年非常艱難的一年後,2023年第一季度似乎顯示出小盤股市場企穩的開始。儘管熱情依然低迷,但與2022年相比,環境似乎更具建設性。

Value Creation Strategy

價值創造戰略

Quinsam shares have traded at a discount to NAV in recent years. In an effort to secure a valuation for our shares that is at NAV or perhaps at a premium to NAV, Quinsam recently announced that it is pursuing a strategy to attempt to realize our underlying economic value.

近年來,昆薩姆的股價一直低於資產淨值。為了確保我們股票的估值達到資產淨值,或者可能高於資產淨值,昆薩姆最近宣佈,它正在實施一項戰略,試圖實現我們潛在的經濟價值。

In current capital markets, capital is very scarce for small cap companies. If Quinsam is able to convert its portfolio to liquid assets, Quinsam believes that it may be able to secure a valuation in excess of NAV as part of a merger or reverse takeover with a private company.

在目前的資本市場上,小盤股公司的資本非常稀缺。如果Quinsam能夠將其投資組合轉換為流動資產,Quinsam相信,作為與私人公司合併或反向收購的一部分,它可能能夠獲得超過資產淨值的估值。

Accordingly, Quinsam continues efforts to exit its illiquid investments and look for transactions that have the potential to create significant shareholder value. Quinsam believes that it is prudent to exit its illiquid investments in a patient and careful way. Accordingly, this process will likely take in excess of one year. It is a goal to continue to try to grow NAV while this process is underway through investment in liquid vehicles.

因此,Quinsam繼續努力退出其非流動性投資,並尋找有可能創造重大股東價值的交易。昆薩姆認為,以耐心和謹慎的方式退出非流動性投資是謹慎的。因此,這一過程可能需要一年以上的時間。在這一過程中,通過投資於流動性工具,繼續努力增長資產淨值是一個目標。

Subsequent to quarter-end, one of private investees, Above Food, announced its intention to go public later this year through a merger with an NYSE company. We invested $300,000 in this company in a combination of shares and warrants. We currently carry this investment at a total value of approximately $25,000. While there is no certainty about the completion of its going public transaction, it is targeting a valuation at a premium to our original cost.

在季度末之後,私人投資者之一,上面的食品,宣佈打算在今年晚些時候通過與紐約證券交易所的一家公司合併上市。我們以股票和認股權證相結合的方式向這家公司投資了30萬美元。我們目前進行這項投資的總價值約為25,000美元。雖然尚不確定其上市交易能否完成,但它的目標估值高於我們最初的成本。

The search for a value creating transaction has begun. We anticipate that it may take some time to find a suitable, value creating transaction. Further announcements will be made on the status of such steps which are subject to all applicable shareholder and regulatory approvals.

對創造價值的交易記錄的蒐索已經開始。我們預計可能需要一些時間才能找到合適的、創造價值的交易。關於這些步驟的狀態將進一步公佈,這些步驟有待所有適用的股東和監管機構的批准。

Issuer Bid

發行人投標

In Q1/2023, Quinsam acquired no shares pursuant to its issuer bid to acquire up to 4,916,605 shares that commenced on September 6, 2022 and will terminate on September 5, 2023. To date, the Company has acquired 516,000 shares pursuant to this issuer bid.

在2023年第一季度,Quinsam沒有根據其發行人競標收購至多4,916,605股股票,該競標開始於2022年9月6日,將於2023年9月5日結束。到目前為止,該公司已根據此次發行人投標收購了51.6萬股。

Investor Call

投資者電話會議

An investor call will be held at 9:00 a.m. Eastern time on Wednesday, May 24, 2023 by Zoom:
Meeting ID: 889 6503 5727
Passcode: 529165

投資者電話會議將於上午9:00舉行。東部時間2023年5月24日(星期三)
會議ID:889 6503 5727
密碼:529165

About Quinsam Capital Corporation

昆薩姆資本公司簡介

Quinsam is a merchant bank with a focus on "small cap" investments which it believes are undervalued. We do not invest on behalf of third parties or offer investment advice.

Quinsam是一家商業銀行,專注於它認為被低估的“小盤股”投資。我們不代表第三方投資,也不提供投資建議。

Generally, Quinsam does not believe that individual investments are material events. Quinsam may choose to announce certain investments once the company has finished buying its position because we feel that this information helps investors understand our decision making process. Generally, Quinsam does not announce the sale of investments.

總的來說,昆薩姆並不認為個人投資是重大事件。Quinsam可能會選擇在公司購買完其頭寸後宣佈某些投資,因為我們認為這些資訊有助於投資者瞭解我們的決策過程。一般來說,昆薩姆不會宣佈出售投資。

For further information contact:

如需進一步資訊,請聯繫:

Roger Dent, CEO
(647) 993-5475
roger@quinsamcapital.com

羅傑·登特,首席執行官
(647)993-5475
郵箱:Roger@QuinsamCapital.com

This press release may contain forward-looking statements relating to anticipated future events, results, circumstances, performance or expectations that are not historical facts but instead represent our beliefs regarding future events, which are inherently uncertain. Forward-looking statements can often, but not always, be identified by forward-looking words such as "anticipate", "believe", "continue", "expect", "goal", "plan", "intend", "estimate", "may", "project", "predict", "potential", "target", and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance.

本新聞稿可能包含與預期的未來事件、結果、情況、表現或預期有關的前瞻性陳述,這些陳述不是歷史事實,而是代表我們對未來事件的信念,這些事件本身就是不確定的。前瞻性表述常常但不總是可以由前瞻性詞語來識別,如“預期”、“相信”、“繼續”、“預期”、“目標”、“計劃”、“打算”、“估計”、“可能”、“專案”、“預測”、“潛在”、“目標”和“將”,或暗示未來結果的類似詞語,或關於未來事件或業績的其他預期、信念、計劃、目標、假設、意圖或陳述。

By their nature, forward-looking statements require making assumptions which include, among other things, that (i) Quinsam will have sufficient capital to effect its business strategies, (ii) the business strategies will produce the results intended by Quinsam, and (iii) the markets will react and perform in a manner consistent with the business strategies.

就其性質而言,前瞻性陳述要求作出假設,其中包括:(I)Quinsam將有足夠的資本實施其業務戰略,(Ii)業務戰略將產生昆薩姆預期的結果,以及(Iii)市場將以與業務戰略一致的方式作出反應和表現。

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated. Quinsam believes that the expectations reflected in the forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct. Some risks and other factors that could cause actual results to differ materially from those expressed in forward-looking information in this press release include, but are not limited to: cannabis companies Quinsam has invested in obtaining and maintaining regulatory approvals including acquiring and renewing U.S. state, local or other licenses, and the uncertainty of existing protection from U.S. federal or other prosecution; regulatory or political change such as changes in applicable laws and regulations, including U.S. state-law legalization; market and general economic conditions of the cannabis sector or otherwise, interest rates, regulatory and statutory developments, the nature of the Company's investments, the available opportunities and competition for investments, the concentration of our investments in certain industries and sectors, reliance on key personnel, risks affecting investments, management of the growth of the Company, and exchange rate fluctuations and, in the case of the valuation creation strategies, the ability to complete divestitures of illiguid assets on terms which are economic or at all, to identify beneficial business opportunities, to secure or act on the identified business opportunities on terms which are economic or at all, and obtain all necessary shareholder and regulatory approvals. Readers are cautioned that the foregoing list of risks and factors is not exhaustive. Although Quinsam has attempted to identify factors that could cause actual events or results to differ materially from those described in forward-looking information, there may be factors that cause events or results to differ from those intended, anticipated or estimated.

前瞻性資訊涉及已知和未知的風險、不確定性和其他因素,這些因素可能導致實際結果或事件與預期的大不相同。昆薩姆認為,前瞻性資訊中反映的預期是合理的,但不能保證這些預期將被證明是正確的。可能導致實際結果與本新聞稿中前瞻性資訊表述的結果大不相同的一些風險和其他因素包括,但不限於:坤帝科為獲得和維護監管批准而投資的大麻公司,包括獲得和續簽美國州、地方或其他許可證,以及現有保護措施免受美國聯盟或其他起訴的不確定性;監管或政治變化,如適用法律和法規的變化,包括美國州法律合法化;這些因素包括大麻行業的市場及一般經濟狀況或其他情況、利率、監管及法定發展、本公司投資的性質、現有的投資機會及競爭、我們的投資集中於若干行業及行業、對關鍵人士的依賴、影響投資的風險、本公司增長的管理及匯率波動,以及就估值創造策略而言,本公司有能力按合乎經濟或根本的條款完成剝離不良資產的能力,以尋找有利的商機、按合乎經濟或完全合乎經濟的條款爭取已確定的商機或根據已確定的商機採取行動,並取得所有必要的股東及監管機構批准。提醒讀者,前面列出的風險和因素並不是詳盡的。儘管Quinsam試圖確定可能導致實際事件或結果與前瞻性資訊中描述的事件或結果大不相同的因素,但可能存在導致事件或結果與預期、預期或估計的事件或結果不同的因素。

The forward-looking information contained herein is provided as at this date, based upon the opinions and estimates of management and information available to management as at this date. Quinsam does not undertake and specifically disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable law. Readers are cautioned not to place undue reliance on forward-looking information contained herein.

本文中包含的前瞻性資訊是基於對管理層的意見和估計以及管理層在此日期可獲得的資訊而提供的。除適用法律要求外,昆薩姆不承擔任何更新或修改任何前瞻性資訊的意圖或義務,無論是由於新資訊、未來事件或其他原因。提醒讀者不要過度依賴本文中包含的前瞻性資訊。

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION BY ANY UNITED STATES NEWS DISTRIBUTION SERVICE

不得在美國境內傳播或由任何美國新聞發佈服務機構發佈

To view the source version of this press release, please visit

要查看本新聞稿的源版本,請訪問

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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