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<WIRE> Sovereign Metals (ASX:SVM) Announces New CEO

Sovereign Metals has announced the appointment of Frank Eagar as their new Managing Director and CEO.

Frank Eagar will be bringing his distinctive skills and experience to this new leadership role, as part of the company’s strategic growth projections.

Julian Stephens, the existing Managing Director of Sovereign Metals will be transitioning to a non-executive director role in the company.

Sovereign Metals is a leading mining company specializing in the exploration and production of precious and base metals.





<WIRE> Treasury Wine Estates (ASX:TWE) Forecasts Group Earnings to be Weighted more towards Second Half of FY24

Treasury Wine Estates (ASX:TWE) projects that its group earnings before interest, tax, and amortization (EBITS) will be more heavily weighted toward the second half of fiscal year 2024.

The initial trading conditions of the first quarter have been consistent with the company’s overall expectations.

There has been a continued sturdy demand for luxury wines and robust category influences on premium wines, on a global scale.

Further into FY24, Treasury Wine Estates (ASX:TWE) is optimistic about its ability to deliver a growth that aligns with its long term ambition, alongside a continued EBITS margin expansion.

Treasury Wine Estates is a global winemaking and distribution company known for its luxury and premium wines.



<WIRE> Althea Group Announces Sale and Leaseback Agreement to Raise C$4.6M (ASX:AGH)

Althea Group (ASX:AGH) announced a sale and leaseback agreement aiming to raise CAD$4.6 million.

Following the transaction, the company expects to recognize a balance sheet write down of A$4.3 million.

The funds received from this agreement will be applied to pay off the entirety of Althea Group’s debt, among other allocations.

Althea Group is a renowned company focused on the production and distribution of pharmaceutical-grade medicinal cannabis.


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<WIRE> Dropsuite (ASX:DSE) Announces Strong Readiness for Significant Annual Recurring Revenue Growth

Dropsuite (ASX:DSE) recently reported that it is well-positioned to generate considerable annual recurring revenue growth.

The company disclosed its quarterly monthly average revenue per user (ARPU) to be A$2.57, indicating a 9% rise quarter-over-quarter, and a 17% growth from the previous corresponding period.

Furthermore, Dropsuite’s (ASX:DSE) latest data shows a quarterly annual recurring revenue of A$33.4M, a robust increase of 10% from the last quarter.

Dropsuite is a global cloud software platform that provides businesses with insights and control over their data.


<WIRE> ECS Botanics Reports Q1 Revenue of A$4.1 Million

ECS Botanics (ASX:ECS) reported a Q1 revenue of A$4.1 million.

This figure represents a significant increase of 78% as the company experiences a sharp rise in the demand for their medicinal cannabis oils.

Beginning FY24 with strong momentum and a burgeoning portfolio of off-take agreements and orders, ECS Botanics appears poised for sustained growth.

ECS Botanics (ASX:ECS) is a industry-leading cannabis company specializing in medicinal applications.




<WIRE> Xtek (ASX:XTE) Soars As It Anticipates Positive Financial Year 2024 Outlook

Xtek, an Australian security and technology company, experienced an uptick of up to 15.7%, raising their value to A$0.480.

This substantial increase registers as their highest since May 23.

The company reported that a series of projects at different qualification stages could potentially bring in over A$375 million.

Xtek maintains a positive outlook for continued revenue growth and increased profitability for the fiscal year 2024.

The stock has been increasing for three straight sessions with its highest intraday percentage gain since May 22.

By the end of the year, despite the gains, the stock was down by around 32%.

Xtek is an Australian-based security and technology company involved in developing cutting-edge solutions for military, law enforcement and national security.