Liquid Media Group Ltd - YVR STOCK NEWS

Liquid Media Group Ltd. (NASDAQ: YVR) has announced the departure of Andy Wilson and the appointment of Sheri Rempel as Interim Chief Financial Officer. Rempel brings over 30 years of accounting and financial management experience, having served in senior financial roles for various public and private companies. She expressed enthusiasm about joining Liquid at a pivotal stage in the company’s development, emphasizing the importance of compliance and long-term shareholder value. Joshua Jackson, Chairman and Interim CEO, highlighted Rempel's extensive experience as vital for the company’s next phase.

Liquid Media Group Ltd. (Nasdaq: YVR) has engaged CORE IR to enhance its investor relations and shareholder communications. Announced on July 7, 2022, this partnership aims to improve market awareness and effectively convey Liquid Media's business model and growth strategies. Interim CEO Joshua Jackson stated that CORE IR's approach will help attract both institutional and retail investors. CORE IR specializes in strategic advisory services for small to mid-sized companies, which aligns with Liquid Media's objectives to expand outreach and engagement with the investment community.

Liquid Media Group Ltd. (NASDAQ: YVR) has appointed Joshua Jackson as Interim CEO, effective immediately, aiming to drive growth amidst economic challenges. Jackson, a seasoned industry professional with over 30 years of experience, expressed commitment to management while the search for a permanent CEO is ongoing. Alongside this leadership change, Tom Casey has joined the board, bringing extensive financial expertise. The company plans to launch a new filmmaker-first distribution platform and enhance its 'Content Flywheel' strategy, aiming to empower independent creators and improve monetization opportunities.

Liquid Media Group Ltd. (NASDAQ: YVR) has entered a strategic partnership with Vuulr, a leading B2B digital content marketplace for film and TV rights acquisition and distribution. This agreement aims to integrate Liquid’s full-service offerings, maximizing revenue streams for independent filmmakers. Vuulr recently partnered with BBC Studios, adding over 3,000 titles to its marketplace. Liquid plans to provide funding opportunities and additional services through its network, enhancing monetization for indie creators.

Liquid Media Group Ltd. (NASDAQ: YVR) has accepted the resignation of Ron Thomson from his positions as director and officer within the company and its subsidiaries. The company expressed gratitude for Thomson's contributions and wished him success in future endeavors. Liquid Media focuses on empowering independent intellectual property (IP) creators through a comprehensive range of services for video creation, financing, and monetization.

Liquid Media Group Ltd. (NASDAQ: YVR) held its annual general meeting on May 24, 2022, where 41.56% of common shares were represented. All Class III directors were elected with over 97% approval. Key resolutions passed included appointing Davidson & Company LLP as auditors, setting the board size to five, approving an Omnibus Equity Incentive Plan, and a share consolidation on a 1-for-4 basis. The Company aims to support independent content creators through its blockchain-based solutions, enhancing their ability to distribute and monetize content.

Liquid Media Group Ltd. (NASDAQ: YVR) announced an expansion of its partnership with Insight TV, a 4K-UHD global channel, to distribute over 50 new action-adventure sports titles, enhancing its global reach across 400+ million households in 53 countries. CEO Ron Thomson highlighted the upward trend in analytics and SVOD revenue since the partnership's launch. This collaboration aims to boost revenue and audience access for independent content creators. Liquid’s blockchain technology is also positioned to drive further monetization for its content creators.

Liquid Media Group Ltd. (NASDAQ: YVR) held its Annual General and Special Meeting of Stockholders on May 10, 2022. The meeting was adjourned to provide additional time for proxy collection and will resume on May 24, 2022, at 10:00 am Pacific time. All shareholders of record as of April 1, 2022, retain their voting rights for the adjourned meeting. Liquid Media specializes in empowering independent producers and content creators by offering end-to-end solutions for video creation, financing, and monetization.

Liquid Media Group Ltd. (NASDAQ: YVR) reported FY 2022 Q1 revenue of $577,689, a significant increase of $567,807 compared to Q1 FY 2021. Gross profit rose to $39,276, improving from a loss of $127,981 the previous year. However, the company posted a net loss of ($870,720) or ($0.05) per share, reduced from ($1,518,143) or ($0.14) per share in Q1 FY 2021. As of February 28, 2022, Liquid had a cash position of $3.57M plus $451K in receivables.