ALUULA Composites Inc. Announces Rights Offering
Victoria, British Columbia--(Newsfile Corp. - December 16, 2024) - ALUULA Composites Inc. (TSXV: AUUA) ("ALUULA" or the "Company") is pleased to announce that it is offering rights (the "Rights Offering") to raise proceeds of up to approximately C$2,500,000, with a C$1,500,000 standby commitment. Pursuant to the Rights Offering, each holder of the Company's common shares (the "Shares") of record at the close of business on December 30, 2024 (the "Record Date") resident in Canada will receive...
2024-12-16 5:00 PM EST
ALUULA Composites Provides General Corporate Update and Announces the Appointment of Dr. Tyler Cuthbert as Chief Scientific Officer
Victoria, British Columbia--(Newsfile Corp. - November 14, 2024) - ALUULA Composites Inc. (TSXV: AUUA) ("ALUULA" or the "Company") today provides a general corporate update. "We remain committed to our ambitious growth plans, concentrating on areas that will deliver real impact for our business. A crucial element of this strategy is bringing the right people into the team who can help ALUULA meet these ambitious goals and further advance our material offerings," said Sage Berryman, President...
2024-11-14 6:00 PM EST
ALUULA Composites Inc. Announces Sale of Ocean Rodeo Assets
Victoria, British Columbia--(Newsfile Corp. - October 22, 2024) - ALUULA Composites Inc. (TSXV: AUUA) ("ALUULA" or the "Company") is pleased to announce that it has entered into a definitive purchase and sale agreement dated October 3, 2024 (the "Agreement") to sell certain operating assets (the "Business Assets") of Ocean Rodeo Sports Inc. ("Ocean Rodeo") to Bainbridge International Ltd., a company based in Southampton UK ("Bainbridge"). The sale of the Business Assets represents ALUULA's...
2024-10-22 7:00 AM EDT
ALUULA Reports Third Quarter 2024 Financial Results
Victoria, British Columbia--(Newsfile Corp. - September 25, 2024) - ALUULA Composites Inc. (TSXV: AUUA) ("ALUULA" or the "Company") today reported its financial results for the three and nine-month periods ended July 31 2024 ("Q3 2024" and "YTD Q3 2024" respectively). All currency amounts are listed in Canadian dollars. "We are encouraged to see a 43% increase in sales YTD Q3 2024 compared to YTD Q3 2023. While we have remained focused on growing our core windsports business, which reported a...
2024-09-25 5:41 PM EDT
ALUULA Provides Strategic Refocus Update
Victoria, British Columbia--(Newsfile Corp. - September 4, 2024) - ALUULA Composites Inc. (TSXV: AUUA) ("ALUULA" or the "Company") today announces a corporate update, sharing key activities completed in the last quarter and announce the initiation of a Global Advisory Board. ALUULA continues to focus on stabilization and growth of the core business Continued momentum as ALUULA sees new brand partnerships including Hyperlite Mountain Gear, The North Face and IM MEN as well as continued...
2024-09-04 6:30 PM EDT
ALUULA Reports Second Quarter 2024 Financial Results
Victoria, British Columbia--(Newsfile Corp. - June 24, 2024) - ALUULA Composites Inc. (TSXV: AUUA) ("ALUULA" or the "Company") today reported its financial results for the three and six-month periods ended April 30, 2024 ("Q2 2024" and "YTD Q2 2024" respectively). All currency amounts ar
2024-06-24 6:15 PM EDT
ALUULA Provides Corporate Update and Outlines Strategic Refocus
Victoria, British Columbia--(Newsfile Corp. - May 6, 2024) - ALUULA Composites Inc. (TSXV: AUUA) ("ALUULA" or the "Company") today announces a corporate update, sharing key activities completed in the past six months and outlining its strategic refocus moving forward. Past 6 Month Highlights During fiscal year 2023 ("FY2023") ended October 31, 2023, the Company began working with brand partners across several vertical markets including Outdoor, Sailing, and Aerospace. This was due to...
2024-05-06 6:00 AM EDT
ALUULA Reports First Quarter 2024 Financial Results
Victoria, British Columbia--(Newsfile Corp. - March 27, 2024) - ALUULA Composites Inc. (TSXV: AUUA) ("ALUULA" or the "Company") today reported its financial results for the three-month period ended January 31, 2024 ("Q1 2024"). All currency amounts are listed in Canadian dollars. "In Q1 2024, we achieved sales of $2.3 million, reflecting a 61% increase compared to the same period last year. This impressive growth is directly linked to an increase in new customers in our vertical markets,"...
2024-03-27 6:00 AM EDT
ALUULA Appoints Founder as Chief Innovation Officer
Victoria, British Columbia--(Newsfile Corp. - March 25, 2024) - ALUULA Composites Inc. (TSXV: AUUA) ("ALUULA" or the "Company") announced today the appointment of Richard Myerscough, the Company's founder, as its Chief Innovation Officer (CIO). The creation of the new role is attributed to ALUULA's commitment to prioritizing continued product innovation. "My passion has always been rooted in the engineering of our materials," said Richard Myerscough, CIO of ALUULA. "I'm excited to be focusing...
2024-03-25 5:00 PM EDT
Michelin and ALUULA Announce Research and Development Collaboration
Victoria, British Columbia--(Newsfile Corp. - March 18, 2024) - MICHELIN Inflatable Solutions, a 100% MICHELIN's Company, and ALUULA Composites Inc. (TSXV: AUUA) ("ALUULA") announced today a collaboration on a joint research and development project. "We are thrilled to work with Michelin, one of the world leaders in innovation, and to be providing high-performing materials that meet the unique needs of this project," said Sage Berryman, President of ALUULA. "This initiative is an opportunity...
2024-03-18 6:00 AM EDT
ALUULA Reports Fourth Quarter and Fiscal Year 2023 Financial Results
Victoria, British Columbia--(Newsfile Corp. - February 27, 2024) - ALUULA Composites Inc. (TSXV: AUUA) (the "Company" or "ALUULA") today reported its financial results for the fourth quarter ("Q4 2023") and year ended October 31, 2023 ("FY2023"). All currency amounts are listed in Canadian dollars. "Reflecting on FY2023, ALUULA saw significant growth, with sales increasing by 168% compared to fiscal year 2022, due to a combination of acquisition activity and organic growth," said Richard...
2024-02-27 8:23 PM EST
ALUULA Announces Appointment of Sage Berryman as President
Victoria, British Columbia--(Newsfile Corp. - February 12, 2024) - ALUULA Composites Inc. (TSXV: AUUA) (the "Company" or "ALUULA") announces that it has appointed Sage Berryman as President of the Company. Ms. Berryman brings to ALUULA decades of executive experience, with 15 years in the C-Suite. She has a track record of building sustainable growth in organizations ranging from startups to those with over 400 employees. With deep capital markets expertise, she has played a key role in...
2024-02-12 6:00 AM EST
ALUULA Announces Short-Term Loan
Victoria, British Columbia--(Newsfile Corp. - January 3, 2024) - ALUULA Composites Inc. (TSXV: AUUA) (the "Company" or "ALUULA") announces that its wholly owned subsidiary, Aluula Composites Canada Inc., has entered into a short-term loan for $1,000,000 (the "Loan") from a non-arm's length party (the "Lender"). The Loan has an interest rate of 12% per annum and is due and payable on July 1, 2024. The Company intends to use the proceeds of the Loan for general working capital and corporate...
2024-01-03 5:00 PM EST
ALUULA Brand License Update Following ISPO Munich Trade Show
Victoria, British Columbia--(Newsfile Corp. - December 13, 2023) - ALUULA Composites Inc. (TSXV: AUUA) (the "Company" or "ALUULA") is pleased to provide the following update on new partners showcased at the recent ISPO trade show in Munich. Highlights: Showcased the recently announced Arc'teryx collaboration. Durston Gear announces winter launch of the Wapta 30 pack, making Durston the first outdoor brand to market with ALUULA. RockGeist announces ALUULA integration into its bike pack line...
2023-12-13 7:26 PM EST
ALUULA Composites Provides Corporate Update and Management Changes
Victoria, British Columbia--(Newsfile Corp. - November 15, 2023) - ALUULA Composites Inc. (TSXV: AUUA) (the "Company" or "ALUULA") is pleased to provide the following corporate update. With the financial year end recently completed, the team at ALUULA can report excellent progress across the key vertical markets and continued product innovation. Partnership expansion and innovation across key vertical markets To recap, ALUULA's strategy is to forge robust partnerships with top-tier brands and...
2023-11-15 6:59 PM EST
Arc'teryx Announces Partnership with ALUULA Composites
Victoria, British Columbia--(Newsfile Corp. - October 31, 2023) - Arc'teryx Equipment, the global design company specializing in technical high-performance outerwear and equipment, is excited to partner with composite materials manufacturer ALUULA Composites (TSXV: AUUA) to evolve Arc'teryx's product offering using new and innovative ultralight fabrics. With a shared commitment to creating high-performance products for outdoor athletes in extreme conditions, the close cultural alignment...
2023-10-31 8:15 PM EDT
ALUULA Appoints Interim Chief Financial Officer
Victoria, British Columbia--(Newsfile Corp. - October 24, 2023) - ALUULA Composites Inc. (TSXV: AUUA) (the "Company" or "ALUULA") today announced the appointment of Briony Bayer as the Company's interim Chief Financial Officer. Ms. Bayer is a qualified finance professional with 20 years experience in senior executive roles. Ms. Bayer was a founding shareholder, director and CFO of Bastion Square Partners Inc., a Capital Pool Company listed on the TSX Venture Exchange that completed its...
2023-10-24 4:15 PM EDT
ALUULA Announces Third Quarter 2023 Results and Management Change
Victoria, British Columbia--(Newsfile Corp. - September 28, 2023) - ALUULA Composites Inc. (TSXV: AUUA) (the "Company" or "ALUULA") today announced its financial results for the three-month period ended and nine-month period ended July 31, 2023 ("Q3 2023"). All currency amounts are listed in Canadian dollars. Q3 2023 Highlights: Completed bought deal and private placement for gross proceeds of approximately $3.6 million. Revenues for the third quarter and year to date 2023 were $2,174,595 and...
2023-09-28 7:21 PM EDT
ALUULA Introduces Recycle-Ready Composite Fabric to Sailing and Windsports Markets
Victoria, British Columbia--(Newsfile Corp. - July 27, 2023) - ALUULA Composites (TSXV: AUUA) an advanced materials technology firm and supplier to leading brands in windsports, sailing, outdoors, aerospace and more, is pleased to introduce a new generation of high-performance composite materials that are ultra-light, strong, and recycle-ready: Aeris & Aeris X. Using the same patented fusion process as their structural fabrics, ALUULA Aeris™ composites combine the unmatched strength to weight...
2023-07-27 9:00 AM EDT
ALUULA Announces Completion of $3.67M Bought Deal Financing
Victoria, British Columbia--(Newsfile Corp. - July 12, 2023) - ALUULA Composites Inc. (TSXV: AUUA) ("ALUULA"or the "Company") is pleased to announce that it has closed its previously announced bought deal brokered private placement, led by Haywood Securities Inc. ("Haywood"), consisting of a total of 24,489,953 units (the "Units"), including partial exercise of the over-allotment option, at a price of $0.15 per Unit (the "Issue Price") for aggregate gross proceeds to the Company of...
2023-07-12 1:02 PM EDT