ALUULA Reports Second Quarter 2025 Financial Results
Victoria, British Columbia--(Newsfile Corp. - June 25, 2025) - ALUULA Composites Inc. (TSXV: AUUA) ("ALUULA" or the "Company") today reported its financial results for the three and six month periods ended April 30, 2025 ("Q2 2025" and "YTD Q2 2025" respectively). All currency amounts noted are in Canadian dollars. Building on momentum from its first quarter, the Company continued to progress against its fiscal 2025 strategic initiatives during Q2 2025. ALUULA reported ongoing diversification of its customer base...
2025-06-25 5:00 PM EDT
ALUULA Announces Warrant Extension and Repricing
Victoria, British Columbia--(Newsfile Corp. - June 17, 2025) - ALUULA Composites Inc. (TSXV: AUUA) ("ALUULA" or the "Company") announces that it intends to amend the expiry date and exercise price of 1,224,498 outstanding share purchase warrants (the "Warrants") that were granted pursuant to a private placement of units on July 12, 2023. At the time of issuance, each Warrant entitled the holder to acquire one common share of the Company at a price of $0.25 per share, exercisable until July...
2025-06-17 5:48 PM EDT
Driving Decarbonization with Wind: Meet ALUULA Composites at Wind for Goods
Victoria, British Columbia--(Newsfile Corp. - June 16, 2025) - ALUULA Composites .Inc. (TSXV: AUUA) ("ALUULA" or the "Company"), a pioneer in wind propulsion materials and innovation, will join Wind For Goods, the international summit dedicated to wind-powered maritime transport, taking place June 19-20, 2025, in Saint-Nazaire, near Nantes, France.This year's theme, "Sailing Maritime Transport: The Challenge of Large-Scale Deployment," aligns with ALUULA's core mission: developing revolutionary, sustainable, high-performance materials enabling global shipping through advanced wind power technology and materials.From wind...
2025-06-16 4:01 PM EDT
ALUULA Announces Option Repricing and Option Grant
Victoria, British Columbia--(Newsfile Corp. - May 15, 2025) - ALUULA Composites Inc. (TSXV: AUUA) ("ALUULA" or the "Company") announces that its board of directors has approved amending the exercise price of a total of 188,601 outstanding stock options held by non-insiders of the Company, with previous exercise prices ranging from $3.00 to $2.00, to $0.61 per common share. The Company proposed the reprice to support retention of valued team members by better aligning the exercise price with the current market...
2025-05-15 5:00 PM EDT
ALUULA Reports First Quarter 2025 Financial Results
Victoria, British Columbia--(Newsfile Corp. - March 26, 2025) - ALUULA Composites .Inc. (TSXV: AUUA) ("ALUULA" or the "Company") today reported its financial results for the three-month period ended January 31, 2025 ("Q1 2025"). All currency amounts noted are in Canadian dollars. Building on momentum gained in fiscal 2024, the Company announces progression against strategic initiatives in Q1 2025. These initiatives include: closing an oversubscribed rights offering for gross proceeds of $2,506,156, realizing continued customer diversification, reporting gross margins at the...
2025-03-26 5:26 PM EDT
ALUULA Composites Inc. Announces Effective Date of Share Consolidation
Victoria, British Columbia--(Newsfile Corp. - March 10, 2025) - ALUULA Composites Inc. (TSXV: AUUA) ("ALUULA" or the "Company") announces that, further to its news release dated February 18, 2025, the TSX Venture Exchange (the "TSXV") has approved the consolidation of the Company's common shares (the "Shares"). Effective at the opening of trading on March 12, 2025 (the "Effective Date") the Shares will commence trading on the TSXV on a consolidated basis, with one (1) post-consolidation Share outstanding for every twenty...
2025-03-10 7:30 AM EDT
ALUULA Composites Inc. Announces Share Consolidation
Victoria, British Columbia--(Newsfile Corp. - February 19, 2025) - ALUULA Composites Inc. (TSXV: AUUA) ("ALUULA" or the "Company") announces its intention to consolidate its issued and outstanding common shares (the "Shares") on the basis of one post- consolidation share for every 20 pre-consolidation shares of the Company (the "Consolidation").Based on the current number of issued and outstanding Shares, the Consolidation is expected to reduce the number of issued and outstanding Shares from 501,231,240 Shares, to approximately 25,061,562 Shares, subject to...
2025-02-19 5:00 PM EST
ALUULA Reports Fourth Quarter and Fiscal Year 2024 Financial Results Achieving 53% Year-Over-Year Revenue Growth
Victoria, British Columbia--(Newsfile Corp. - February 10, 2025) - ALUULA Composites Inc. (TSXV: AUUA) ("ALUULA" or the "Company") today reported its financial results for the three and twelve month periods ended October 31, 2024 ("Q4 2024" and "FY 2024" respectively). All currency amounts noted are in Canadian dollars.Fiscal 2024 marked a year of change for the Company. ALUULA welcomed a new President, Sage Berryman, in February 2024 and in May 2024, announced a strategic refocus plan (the "Plan") aimed...
2025-02-10 5:00 PM EST
ALUULA Composites Inc. Announces Closing of Over-Subscribed Rights Offering
Victoria, British Columbia--(Newsfile Corp. - January 27, 2025) - ALUULA Composites Inc. (TSXV: AUUA) ("ALUULA" or the "Company") is pleased to announce that, further to its news release dated December 16, 2024, the Company has successfully closed its rights offering (the "Rights Offering"), raising the maximum amount permitted under the offering for gross proceeds of $2,506,156.16. The Rights Offering achieved a 96% exercise rate under the basic subscription privilege, and the additional subscription privilege was oversubscribed by 301,180,394 common shares....
2025-01-27 7:15 AM EST
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 one transferable right (a...
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 & CEO of ALUULA.Appointment of Chief...
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 successful transition to the next phase in execution...
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 39%...
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 businessContinued momentum as ALUULA sees new brand partnerships including Hyperlite Mountain Gear, The North Face and IM MEN as well as continued collaborative research and development with Airseas ALUULA...
2024-09-04 6:30 PM EDT
ALUULA Reports Second Quarter 2024 Financial Results
YTD Q2 2024 Sales Increased 47% Compared to YTD Q2 2023Achieved Strong Wind Sport Penetration with Sixteen Brands on Board by Q2 2024YTD Q2 2024 Gross Margin Increased to 43% from 31% in YTD Q2 2023CEO Sage Berryman Provides Update on ALUULA's Future Strategy and Business PlansVictoria, 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...
2024-06-24 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 HighlightsDuring 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 increased customer demand for the Company's high-performing and recyclable materials.On...
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," said Sage Berryman, CEO...
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 my attention fully on further breakthroughs that...
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 for both Michelin Inflatable Solutions and ALUULA to...
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 Myerscough, CEO and director of ALUULA. "The past...
2024-02-27 8:23 PM EST