The Lovesac Company designs, produces, and distributes distinctive furniture items. Their product range features "Sactionals," an innovative modular seating system made up of individual seats and sides, along with "Sacs," oversized foam-filled beanbag chairs. They also offer various complementary accessories, such as drink holders, "Footsac" blankets, decorative pillows, specialized fitted seat tables, and ottomans. As of January 30, 2022, the company maintained 146 showrooms. Lovesac primarily sells its products through its website, lovesac.com, bolstered by a network of physical showrooms found in upscale malls, lifestyle centers, kiosks, mobile concierge units, and street locations throughout 39 U.S. states. They also utilize in-store pop-up shops and dedicated shop-in-shop spaces. The company was established in 1995 and is headquartered in Stamford, Connecticut.
Cannara Establishes Automatic Share Purchase Plan
Cannara Biotech entered into an automatic share purchase plan with Integral Wealth Securities to support its existing normal course issuer bid.
The NCIB authorizes the repurchase of up to 1,975,642 common shares through August 3, 2027, with a daily limit of 10,469 shares based on recent average trading volume.
This plan allows the company to continue buybacks during regulatory blackout periods when discretionary purchases are typically prohibited.