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DEVONIAN HLTH GRP SB VTG - $DVHGF STOCK NEWS

Welcome to our dedicated page for DEVONIAN HLTH GRP SB VTG news (Ticker: $DVHGF), a resource for investors and traders seeking the latest updates and insights on DEVONIAN HLTH GRP SB VTG stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect DEVONIAN HLTH GRP SB VTG's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Devonian Health Group Inc. (DVHGF) reported strong financial and business performance in the second quarter of 2024, with notable achievements in revenue growth, debt reduction, and patent advancements. The company's distribution revenue surged by 402% year over year, reaching $2.28 million for the quarter. Despite a net loss of $1.2 million, Devonian successfully extinguished its long-term debts and bolstered its leadership team. Additionally, the company obtained a U.S. patent for ThykamineTM to treat inflammatory bowel disease (IBD) and made progress in clinical studies for atopic dermatitis treatment. Devonian's strategic decisions, including a potential share consolidation, aim to enhance investor appeal and meet listing requirements on various stock exchanges.
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Devonian Health Group Inc. closes a non-brokered private placement, raising $223,800.00. The Offering includes 1,492,000 units at $0.15 per unit, consisting of subordinate voting shares and warrants. The proceeds will finance working capital and settle debts. The Offering is subject to TSX Venture Exchange approval.
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Devonian Health Group Inc. appoints pharmaceutical industry veteran Ms. Kathryn J. Gregory to its Board of Directors, effective February 28, 2024.
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management
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Devonian Health Group Inc. announces the launch of the first authorized generic of dexlansoprazole in Canada, a significant addition to Altius Healthcare's product portfolio. Dexlansoprazole treats symptoms of GERD and is expected to boost sales and strengthen Devonian's presence in the prescription drug market.
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Devonian Health Group Inc. secures a $2.16 million term loan from Fiera Private Debt Inc. to support research and development initiatives
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Devonian Health Group Inc. announces results of annual meeting, including election of directors, appointment of auditor, renewal of option plan, approval of new by-laws, share consolidation, amendment to share capital, and grant of stock options.
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Devonian Health Group Inc. announced the issuance of a new patent by the USPTO for a method to treat Inflammatory Bowel Disease with thylakoid extract. The patent covers a unique composition and formulation for treating IBD, including ulcerative colitis and Crohn’s disease. The Company's Chief Scientific Officer highlighted the potential of Thykamine™ as a therapeutic platform for inflammatory diseases, emphasizing its differentiation from other drugs.
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Devonian Health Group Inc. announces that it will seek shareholder authorization for a potential share consolidation at a ratio of up to 70 old shares for 1 new share. The purpose is to potentially increase the trading price of the shares, broaden the pool of investors, and satisfy minimum trading price requirements for potential listing on U.S. and other stock exchanges. The company currently has 146,730,531 shares issued and outstanding, and the potential percentage reduction in subordinate voting shares ranges from 90% to 98.57% depending on the consolidation ratio selected.
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Devonian Health Group Inc. (GSD) appoints Luc Grégoire as President and CEO, with David Baker as non-executive Chairman of the Board of Directors. The clinical stage botanical pharmaceutical corporation aims to maximize near and long-term revenue growth and accelerate the clinical development program for ThykamineTM in atopic dermatitis.
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management clinical trial
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Devonian Health Group Inc. (GSD, DVHGF) files PCT patent application for thylakoids in wound healing, emphasizing unique botanical pharmaceutical products.
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DEVONIAN HLTH GRP SB VTG

OTC:DVHGF

DVHGF Rankings

DVHGF Stock Data

25.03M
125.37M
14.2%
Medicinal and Botanical Manufacturing
Manufacturing
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United States of America
Québec