Leading Brands Soaring On Earnings, Repurchase

Leading Brands Inc. LBIX shares are soaring today, gaining almost 50% after the company reported earnings this morning. The company reported first quarter net income of 12 cents per share, and said that EBITDAS rose 15% to 28 cents per share. Leading Brands, Inc., together with its subsidiaries, engages in the production and distribution of beverages in Canada and the western United States.