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Malachite Innovations Inc - mlct STOCK NEWS

Welcome to our dedicated news page for Malachite Innovations (Ticker: mlct), a resource for investors and traders seeking the latest updates and insights on Malachite Innovations.

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 Malachite Innovations'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.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Malachite Innovations's position in the market.

Rhea-AI Summary
Range Impact, Inc. (RNGE) has changed its name and ticker symbol to better align with its impact investing strategy focused on acquiring, reclaiming, and repurposing mine sites and undervalued land in Appalachia. The company has launched an impact investing business to create shareholder value and optimize the present value of over $20 million of net operating losses. Range Impact's impact investing strategy has grown to include several operating businesses with over $15 million in aggregate revenues over the past 12 months. The company has also advanced its cannabinoid drug development program and announced plans to decouple its drug development business from its impact investing business.
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Rhea-AI Sentiment
End-of-Day
-27%
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Rhea-AI Summary
Malachite Innovations, Inc. (MLCT) announces a focus on its core impact investing strategy in Appalachia. The company has retained First Liberties Securities, Inc. to assist in the implementation of its strategic plan for its cannabinoid drug development business conducted by its wholly-owned subsidiary, Graphium Biosciences, Inc. The company has initiated a corporate restructuring plan to create two parallel pathways for shareholder value creation and optimize the present value of its more than $20 million of net operating losses. Malachite's impact investing strategy has grown from a concept with no revenue, assets, or employees into an early-stage venture with revenues of $15.1 million over the last 12 months, assets of $18.8 million, and more than 70 employees. The company is seeking to raise up to $4.0 million directly into Graphium to fund the advancement of its cannabinoid drug development program and for general working capital purposes.
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Rhea-AI Summary
MALACHITE INNOVATIONS, INC. (OTC Mkts: MLCT) reported record financial results for the quarter ended September 30, 2023, with sales of $5.4 million and Adjusted EBITDA of $2.0 million. The company continued its growth strategy by acquiring a reclamation company and purchasing 1,900 acres of former mine land for a renewable energy project. Financial highlights include significant increases in revenue, gross profit, operating income, net income, and adjusted EBITDA.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.88%
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earnings
Rhea-AI Summary
Malachite Innovations, Inc. announces the launch of Catalyst Land Ventures, LLC and closes a $1.0 million capital raise. They purchase approximately 1,600 acres of former mine land in West Virginia.
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Rhea-AI Sentiment
End-of-Day
5.88%
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acquisition
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Malachite Innovations, Inc. completes acquisition of Collins Building & Contracting, Inc. for $5.035 million, expanding its environmental services business in West Virginia.
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Rhea-AI Sentiment
End-of-Day
28.57%
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acquisition
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Malachite Innovations, Inc. reports positive net income for the first time in its history. The company has achieved record sales and generated positive Adjusted EBITDA. Financial highlights include a significant increase in revenue, gross profit, and operating income.
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28.57%
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earnings
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-21.05%
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11.76%
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management
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.76%
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earnings
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Rhea-AI Sentiment
End-of-Day
6.67%
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Malachite Innovations Inc

OTC:MLCT

MLCT Rankings

MLCT Stock Data

17.49M
64.94M
50.21%
0.09%
Medicinal and Botanical Manufacturing
Manufacturing
Link
United States
Cleveland