Carmanah to Reinstate $11.0 Million Tax Asset

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VICTORIA, BRITISH COLUMBIA–(Marketwired – July 27, 2015) – Carmanah Technologies Corporation (TSX:CMH) (“the Company” or “Carmanah”) today announces that in its second quarter financial statements, the Company will reinstate a tax asset totaling approximately $11.0 million US dollars. The asset was previously deemed to be impaired and was written off by the Company on February 7, 2012 on the determination, at that time, that the Company had less than reasonable certainty of realizing its value. The decision to reinstate is based upon the financial performance of the Company over the past six …read more

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