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United States

Second Cup Ltd (SCU.TO)

SCU.TO on Toronto Stock Exchange

2.63CAD
22 Jul 2016
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$-0.01 (-0.38%)
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Latest Key Developments (Source: Significant Developments)

The Second Cup Q1 same store sales fell 1.1 percent
Friday, 6 May 2016 07:00am EDT 

Second Cup Ltd : The second cup ltd. Reports results for the first quarter 2016 and surpasses 200,000 rewards members . "company is aggressively working to reduce number of corporate stores" . Q1 same store sales fell 1.1 percent . Qtrly loss of $0.05 per share .Qtrly total revenue $7.4 million versus $9 million.  Full Article

The Second Cup Ltd announces resignation of Chief Financial Officer
Monday, 8 Dec 2014 09:38am EST 

The Second Cup Ltd:Says Steven Boyack will resign as Chief Financial Officer of Second Cup effective Jan. 2, 2015.  Full Article

The Second Cup Ltd increases private placement offering
Tuesday, 11 Nov 2014 07:09am EST 

The Second Cup Ltd:Says that as a result of the positive investor response for its previously announced private placement offering of common shares, it has agreed to increase the size of the offering from up to C$5.0 mln to up to C$7.0 mln.In addition, the company has granted to GMP Securities L.P. (GMP), as sole agent, an option, exercisable any time prior to the closing of the offering, to arrange for the purchase of up to an additional 15 pct of the number of Shares.If the agent's option is exercised in full, the aggregate gross proceeds of the offering will be $8.1 mln.Intends to use the net proceeds from the issuance of the Shares to support Second Cup's strategic growth plan including the renovation of company-owned cafes in priority locations, and for general corporate purposes.  Full Article

The Second Cup Ltd announces new strategic growth plan and plans for $5 mln share offering
Monday, 3 Nov 2014 07:31am EST 

The Second Cup Ltd:Says new three-year strategic plan the roadmap for the company's transformation and growth.Company's vision is to be the coffee brand most passionately committed to quality and innovation.To support the strategic growth plan, Second Cup is planning a share offering by way of private placement in Nov. with the intention of raising up to $5 mln.All Second Cup directors intend to participate and plan to acquire a combined total of about 40 to 60 pct of the share offering.New capital will further strengthen the company's balance sheet and will help accelerate the renovation of company-owned cafés in prime locations.Second phase of the strategic plan will deliver significant growth ramping up in 2016 as a result of new café development and same store sales growth.  Full Article

The Second Cup Ltd to acquire 17 franchised Cafés
Friday, 17 Oct 2014 05:29pm EDT 

The Second Cup Ltd:Acquires 17 Second Cup cafés concentrated in prime Toronto area locations.Says the cafés are owned by long-standing franchisees, Debbie and Bob Riche.  Full Article

The Second Cup Ltd announces suspension of dividend
Tuesday, 5 Aug 2014 07:30am EDT 

The Second Cup Ltd:Company believes it is prudent to retain available cash resources for redeployment into investments that will maximize long-term growth in share value.Given this renewed focus on growth, Board decided to discontinue dividend payout.  Full Article

BRIEF-The Second Cup Q1 same store sales fell 1.1 percent

* The second cup ltd. Reports results for the first quarter 2016 and surpasses 200,000 rewards members