BLACKROCK Municipal Income TRUST V.BFK.P

Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.

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BLACKROCK Municipal Income TRUST > INNER SPIRIT HOLDINGS and HEXO (in good company)

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Post by Jefe127on Sep 15, 2020 12:25pm

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Post# 31560297

INNER SPIRIT HOLDINGS and HEXO (in good company)

The Company's key industry partners and investors include Auxly Cannabis Group Inc. (TSX.V:XLY), HEXO Corp (TSX:HEXO), Tilray, Inc. (NASDAQ:TLRY) and Prairie Merchant Corporation. Learn more at www.innerspiritholdings.com and www.spiritleaf.ca.

CALGARY, AB, Aug. 24, 2020 /CNW/ - Inner Spirit Holdings Ltd. ("Inner Spirit" or the "Company") (CSE: ISH), a Canadian company that has established a national network of Spiritleaf retail cannabis stores, today announced it has filed its interim Financial Statements and corresponding Management's Discussion and Analysis for the three months and six months ended June 30, 2020. The filings are available for review on the Company's SEDAR profile at www.sedar.com and the Company's website at www.innerspiritholdings.com.

Inner Spirit reported the following financial highlights for the three months and six months ended June 30, 2020:

System-wide retail sales1 was $20.5 million in the second quarter of 2020, an increase of 343% compared with $4.6 million in the second quarter of 2019 and an increase of 19% compared with $17.1 million in the first quarter of 2020.
System-wide retail sales1 was $37.6 million for the first six months of 2020, an increase of 479% compared with $6.5 million in the comparable period in 2019.
Total revenue was $5.4 million in the second quarter of 2020, an increase of 575% compared with $0.8 million in the second quarter of 2019 and an increase of 31% compared with $4.1 million in the first quarter of 2020.
Total revenue was $9.6 million for the first six months of 2020, an increase of 669% compared with $1.2 million in the comparable period in 2019.
Adjusted EBITDA1 was $0.5 million in the second quarter of 2020, compared with an Adjusted EBITDA1 loss of $2.5 million in the second quarter of 2019 and an Adjusted EBITDA1 loss of $0.1 million in the first quarter of 2020.
Gross profit was $2.5 million or a gross margin of 47% in the second quarter of 2020, compared with $0.5 million or a gross margin of 57% in the second quarter of 2019 and $2.0 million or a gross margin of 48% in the first quarter of 2020.
Total net loss was $1.2 million in the second quarter of 2020, or $0.01 per share, compared with $2.8 million, or $0.02 per share, in the second quarter of 2019.
Cash was $3.4 million at June 30, 2020.
Cash flow from operations for the first six months of 2020 was positive at $0.03 million compared with cash flow used in operations of $3.70 million in the comparable period in 2019.