I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this. Enter Your Email Address Our 6 ‘Best Buys Now’ Shares See all posts by Harvey Jones I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Image source: Getty Images. The Unilever share price is climbing again! I’d invest today and hold it forever Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Harvey Jones | Thursday, 22nd October, 2020 | More on: ULVR Harvey Jones has no position in any of the shares mentioned. The Motley Fool UK has recommended Unilever. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The Unilever (LSE: ULVR) share price has recovered strongly since the stock market crash in March and is climbing again today after a positive set of third-quarter results. This confirms my view the household goods giant is one of the very best stocks on the FTSE 100.Why do I like Unilever so much? Because it offers straightforward, everyday products that people want and need, such as soaps, shampoos, cleaning products, ice creams, teas and Marmite. The Unilever share price has reaped the rewards, growing 60% in the last five years. That compares to a drop of 10% across the FTSE 100.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Unilever’s vast range of established brand names gives it a defensive moat against competitors, who’ll have to spend big on marketing to catch up. Unilever boasts an incredible 13 brands in the Kantar Worldpanel Global Top 50, including Lifebuoy in third place, Sunsilk (10th), Knorr (11th), Dove (12th), Lux (13th) and Sunlight (14th).I’d buy the Unilever share priceThese products don’t cost much individually, which means people can still afford them in a recession. Unilever also enjoys massive diversification across markets, selling more than 400 brands in 190 countries to 2.5bn people.From next month, Unilever aims to be fully incorporated in the UK, after choosing London over Rotterdam, simplifying its management structure. It’s currently the eighth biggest company on the FTSE 100, with a market-cap of £56bn.Unilever’s share price is up around 1.5% this morning after it posted underlying sales growth of 4.4%, beating the group’s long-term goal of 2-4%. Emerging market grew fastest at 5.3%, a promising sign for the future. Developed markets grew 3.1%. This growth came despite a 2.4% drop in turnover, due to disposals and a 7.7% negative currency impact.Today’s results could have been even betterCEO Alan Jope hailed a “strong performance,” adding: “Our focus remains volume-led competitive growth, delivering absolute profit and free cash flow.“There’s another reason I like the Unilever share price. Management thinks of its shareholders. In April, Jope said it was standing by its dividend to support pensioners hit by cuts at other firms. Today, it maintained its quarterly dividend at €0.4104 per share. The forecast dividend yield is a steady 3.1%, covered 1.5 times.The Unilever share price isn’t cheap, by conventional metrics. Before the pandemic, it routinely traded at around 24 times earnings. Today, it stands at just 20.4 times, which makes it a relative bargain. Its return on capital employed is 61.9%, by the way. Also impressive. Possible headwinds include legal challenges to its Dutch exit, plus the impact of Covid-19 on customers’ pockets.Today’s results might have been even better but for a hefty currency impact. It seems the world has been spending lockdown buffing up their bodies and homes, while also filling up on Hellmann’s mayonnaise and Magnum ice cream.The Unilever share price is cleaning up, rather like Reckitt Benckiser’s, and I’d expect that to continue far beyond the pandemic. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!
What drove Aston Martin’s morning share price gap? Did you see what happened to the price of Aston Martin Lagonda Holdings (LSE: AML) shares this morning, soon after I’d identified it as a potential breakout from price consolidation?Image source: Yahoo Finance UKThe share price not only shot up, but “gapped up” without passing through the price points in between. How can we find out what caused the price gap?5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…What causes a price gap?When the prices of stocks such as Aston Martin and McCarthy & Stone make big moves even before the markets open, it’s usually because some news has driven those morning share price movements. Although you can’t trade the news by anticipating it, unless you have insider information, the stories behind major moves can provide valuable insights into whether those price changes are likely to be permanent.It’s not always good news, and prices can also gap down. A good example is Wirecard AG, whose share price gapped down in mid-June. The contrarian in me wanted to buy in on the basis that the shares would surely bounce back. However, a review of the news revealed that this banking tech titan’s Asian bank accounts were missing about £1.9bn that couldn’t be accounted for. And it wasn’t the first time that this German company had been subject to negative news relating to some sort of financial scandal. What happened next is that the share price continued to go down, down, deeper and down, thus making my contrarian play impossible.When I see that a stock’s price has gapped up or down at the start of the day, the first thing I do is Google (or Bing) the stock’s name or ticker symbol to see the stories behind the price move. I use my search engine’s menu option to limit the results to “past 24 hours” to see only the latest stories.So, what’s the news driving Aston Martin’s morning share price movement?Now for the moment you’ve all been waiting for: the news behind the Aston Martin Lagonda Holdings morning share price gap-up of about 18.5% from approximately 54p per share to 64p per share.After market hours yesterday, it was announced that as part of a £1.3bn refinancing package, German car brand Mercedes Benz would increase its current small stake in Aston Martin to 20% by 2023. This long-term tie-up also involves some technology transfer, with James Bond’s favourite motor brand gaining access to Mercedes Benz’s electric transmission systems.It’s not all good news because the British carmaker also reported a halving of revenues (to £124m) and a loss of £29m compared with a profit of £43m for the same quarter last year. This may have been why the share price fell back nigh-on immediately to almost close the gap, which is what often happens while short-term traders are still deciding what they want to do with the stock.So, what do I want to do with my Aston Martin shares now? Keep holding, of course, but possibly with my customary stop order to protect some of the profit I’ve accrued. Our 6 ‘Best Buys Now’ Shares Image source: Aston Martin “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Tony Loton Tony Loton | Wednesday, 28th October, 2020 | More on: AML Tony Loton owns shares in Aston Martin and McCarthy & Stone. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Enter Your Email Address Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Simply click below to discover how you can take advantage of this.
You have entered an incorrect email address! Please enter your email address here Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 Previous articleCDC Reports Chipotle E.Coli Outbreak OverNext articleZika Virus – Governor Scott Declares Public Health Emergency Dale Fenwick RELATED ARTICLESMORE FROM AUTHOR The City of Apopka issued a Precautionary Boil Water Advisory for portions of Errol Estate today. The Boil Water Advisory will stay in place for 3 days, according to the Apopka Public Service Department.The effected homes are on the following streets:1301-1381 Golf Course Drive1012-1186 Linkside Lane1010-1184 Orange Grove CourtAccording to Jay Duvall, Director of Public Services, the Boil Advisory is a standard precaution and effected residents will find notices on their front doors.The notices contain detailed instructions. Click on the image to the left to see the complete instructions. Save my name, email, and website in this browser for the next time I comment. The Anatomy of Fear LEAVE A REPLY Cancel reply Please enter your name here Please enter your comment! Share on Facebook Tweet on Twitter Support conservation and fish with NEW Florida specialty license plate
AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Public voting opens for Lloyds Bank Community Fund About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Advertisement Howard Lake | 4 October 2013 | News 40 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Public voting has opened for Lloyds Bank Community Fund, which will provide grants to support more than 1,300 local good causes in villages, towns and cities across England, Wales and the Isle of Man.There are four good causes in each of 300 community areas. The two groups with the most votes will each receive £3,000 and the other two, £300 each.Voting can be carried out online, via SMS and in Lloyds Bank branches. Anyone can vote: they do not have to be a Lloyds Bank customer.How did good causes get on the shorlist?All the groups were nominated by Lloyds Banking Group staff. After being grouped by geography, over 300 bank staff reviewed them and shortlisted them. The process was independently audited to ensure that it was a fair process.Over 4,600 causes were nominted this year, nearly three times as many as there were places on the shortlist.The deadline for voting is 1 November 2013. Over 119,000 votes have already been cast.Lloyds Bank does have a range of other activities that support good causes and charities.
Researchers have determined that precipitation and temperature variations over the past 20 years have suppressed the U.S. average soybean yield gain – how much it improves every year – by around 30 percent, contributing to an industry loss of $11 billion nationwide. In Ohio alone, that soybean yield suppression is estimated to have cost some $2.9 billion during the past 20 years, according to a new study co-authored by a field crops expert in the College of Food, Agricultural, and Environmental Sciences at The Ohio State University. Some U.S. Soybean Yield Losses Caused By Weather Variations Facebook Twitter Global annual temperatures have increased by 0.4 C (0.72 F) since 1980, with several regions exhibiting even greater increases, said Laura Lindsey, a soybean and small grains specialist with Ohio State University Extension and a co-author of the study. OSU Extension is the college’s outreach arm. And for every 1 C (1.8 F) rise in temperature during the growing season, soybean yields fell by about 2.4 percent, the study found.In Ohio, that translates into a yield loss of about a third of a bushel per acre per year, Lindsey said.“During the past 20 years, temperature and precipitation have been changing, and that change is associated with yield reductions and economic loss that is region-specific,” she said. “States including Ohio, Illinois, Kentucky, Indiana, Arkansas, Missouri, Iowa and North Dakota have experienced negative impacts on yield due to weather variables. “Missouri suffered the most negative impact with an estimated loss of $5 billion during the past 20 years, while Ohio had the next highest loss, at $2.9 billion.” The study, which appears in the February 2015 journal Nature Plants, was co-authored by James E. Specht, researcher with the University of Nebraska; and Spyridon Mourtzinis, Francisco J. Arriaga and Shawn P. Conley, all researchers with the University of Wisconsin-Madison. Previous articleClosing CommentsNext articleOil Rebounds To Score Third Straight Gain Gary Truitt SHARE The study is based on data gleaned from 12 states, including data from Ohio State researchers’ Ohio Soybean Performance Trials, which document temperatures, changes in cultural practices, soybean varieties and technology in soybean production from 1970 to the present, Lindsey said. Home Indiana Agriculture News Some U.S. Soybean Yield Losses Caused By Weather Variations The U.S. is one of the world’s largest soybean exporters, with some 80 percent of its soybeans being grown in the upper Midwest. Since most of that production is not irrigated, soybean production in the region is highly affected by weather conditions during the growing season, according to the study.While more state-specific research is needed to help mitigate some of the weather variability, according to the study, some crop management strategies could help limit the potential negative impacts of weather variations on crop yields. “Strategies include the development of new cultivars and hybrids, the use of altered maturity groups, changes in planting dates, the use of cover crops, and greater management of crop residues from the previous year,” Lindsey said. “If we don’t develop strategies to mitigate weather variability, it could have a long-term impact on soybean farmers, the soybean industry, trade policy, consumer food prices, food security and the economy.”The study’s other contributors and co-authors include William J. Wiebold, University of Missouri; Jeremy Ross, University of Arkansas; Emerson D. Nafziger, University of Illinois; Herman J. Kandel, North Dakota State University; Nathan Mueller, South Dakota State University; and Philip L. Devillez, Purdue University. By Gary Truitt – Feb 17, 2015 Facebook Twitter SHARE
Linkedin TCU admission website’s new look, language Twitter What we’re reading: Former Trump campaign advisor running for Rep. Katie Hill’s seat printTexas inmate Robert Sparks was executed Wednesday night for the 2007 murder of his wife and two stepsons. He also confessed to raping his two stepdaughters.Robert Sparks was sentenced to death in December 2008. Photo courtesy of TDCJ.Sparks’ attorneys petitioned to hire a neurologist to see if Sparks was intellectually disabled, but were denied after a U.S. district judge stated that he had already undergone full analysis before trial.He was not considered intellectually disabled.Attorneys said the case contained false testimony from a star witness and the bailiff’s attire was politically motivated. The bailiff later admitted he wore the tie, a homemade tie showing a syringe, to show his support for the death penalty.Sparks is seventh person executed in Texas in 2019. Seven more are scheduled for this year, and two are scheduled for 2020.Ukraine whistleblower tentatively agrees to meet with CongressThe whistleblower who filed a complaint about Trump’s language in a phone conversation with the president of Ukraine has agreed to meet with Congress.The whistleblower’s complaint stated they would be willing to speak to lawmakers under the direction of Intelligence Director Joseph McGuire. The complaint was filed with the Inspector General’s office, Compass Rose Legal Group, which is the whistleblower’s legal counsel. The letters also request that the whistleblower’s legal counsel receive appropriate security clearances to attend classified meetings with their clients.The whistleblower’s complaint was declassified and released Thursday morning.Over half of the House supports an impeachment inquiryHouse representatives that publicly support an impeachment inquiry. Photo courtesy of Axios.In the House of Representatives, 217 Democrats and one independent publicly support launching an impeachment inquiry into President Trump.In June, only 80 lawmakers were in favor of beginning impeachment proceedings. A July NBC News/Wall Street Journal poll found that only 21% of registered voters said that there was enough evidence to begin the impeachment process. That number is now at 36%, according to a Politco/Morning Consult poll.There was already support for impeachment in the House before the Ukraine incident, specifically when Trump made racist remarks about four Democratic congresswomen and after former Special Counsel Robert Mueller’s released his report and gave public testimony in May.Speaker Nancy Pelosi announced a formal impeachment inquiry into President Trump earlier this week.FDA plans to finalize, release new vaping policy in coming weeksThe US Food and Drug Administration (FDA) is expected to require premarket authorization for all e-cigarette cartridge flavors in the next few weeks, according to an article by CNN. The FDA also is cracking down on the marketing schemes of vaping products.“It’ll take several weeks for us to put out the final guidance that will announce all the parameters around the enforcement policy,” US Health and Human Services Secretary Alex Azar said in an interview with CNN. “Then there will likely be about a 30-day delay to the effective date, as is customary,” There have been 11 reported deaths linked to vaping-related illnesses nationwide in 2019. The Center for Disease Control says there have been another 530 cases of lung injuries as a result of vaping and e-cigarette products. Erin Miller ReddIt Erin Millerhttps://www.tcu360.com/author/erin-miller/ World Oceans Day shines spotlight on marine plastic pollution Erin Millerhttps://www.tcu360.com/author/erin-miller/ Linkedin ReddIt TCU places second in the National Student Advertising Competition, the highest in school history Erin Millerhttps://www.tcu360.com/author/erin-miller/ Twitter + posts Erin Millerhttps://www.tcu360.com/author/erin-miller/ Criminal justice department to host symposium on trauma prevention, response Representing TCU admission in a smaller region Previous articleTCU News Now 9/25/19Next articleHoroscope: September 26, 2019 Erin Miller RELATED ARTICLESMORE FROM AUTHOR Facebook Facebook Welcome TCU Class of 2025
Water District Directors has been signed by Governor Brown. It is the first bill from freshman Assemblymember and Majority Whip Holden (D-Pasadena) to be signed into law and goes into effect January 1, 2014.â€œI appreciate Governor Brownâ€™s support for this good government measure and applaud the overwhelming bi-partisan support for the bill shown by my colleagues in both the Assembly and the Senate,â€ Assemblymember Chris Holdenâ€™s bill to standardize the start date of newly elected Municipal stated Assemblymember Holden. â€œThis bill will ensure water districts are able to move swiftly between terms and critical business is not delayed unnecessarily.â€AB 72 is a good government measure designed to limit the lame-duck term for outgoing municipal water district directors and permit water districts to proceed to new business in a timelier manner. Government Governor Signs Assemblymember Holden’s First Bill AB 72 – Water District Directors From STAFF REPORTS Published on Tuesday, June 18, 2013 | 11:34 am More Cool Stuff First Heatwave Expected Next Week Business News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Your email address will not be published. Required fields are marked * Name (required) Mail (required) (not be published) Website Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Make a comment Herbeauty9 Things You’ve Always Wanted To Know About RihannaHerbeautyHerbeautyHerbeautyShort On Time? 10-Minute Workouts Are Just What You NeedHerbeautyHerbeautyHerbeautyRobert Irwin Recreates His Father’s Iconic PhotosHerbeautyHerbeautyHerbeautyHe Swears He’s Ready For Another Relationship. Is He Really?HerbeautyHerbeautyHerbeautyThe Most Heartwarming Moments Between Father And DaughterHerbeautyHerbeautyHerbeauty10 Brutally Honest Reasons Why You’re Still SingleHerbeautyHerbeauty 18 recommended0 commentsShareShareTweetSharePin it faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPasadena Water and PowerPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Community News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Top of the News Subscribe Community News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena
Facebook WhatsApp Pinterest Twitter Previous articleSchneider Electric Advances Plug and Produce Industrial Automation with EcoStruxure Automation Expert v21.0Next articleAngel Oak Home Loans Plants Roots in Washington, D.C., Now Serving Borrowers in Nation’s Capital and Beyond Digital AIM Web Support Pinterest WhatsApp Local NewsBusiness TAGS Facebook By Digital AIM Web Support – February 8, 2021 Twitter SOL Global Provides General Operations Update for February 2021 TORONTO–(BUSINESS WIRE)–Feb 8, 2021– SOL Global Investments Corp. (” SOL Global ” or the ” Company “) (CSE: SOL) (OTCPK: SOLCF) (Frankfurt: 9SB) today provides a general operations update regarding the Company’s investment portfolio and assets and announces that it has commenced litigation against its lender. Verano Holdings Transaction As previously disclosed, the Company is pleased to announce that Verano Holdings, LLC (“ Verano ”), the Company’s largest core investment holding, has executed a definitive merger agreement to consummate a go-public transaction in Canada (the “ Transaction ”). The Transaction will be effected by Verano participating in a reverse takeover of Majesta Minerals Inc. (“ Majesta ”), a reporting issuer in Alberta, Canada. The Transaction will include Verano’s previously-announced merger with Alternative Medical Enterprises, LLC, Plants of Ruskin, LLC, RVC 360, LLC and affiliated companies (collectively, “ AltMed ”), vertically-integrated medical marijuana companies that apply pharmaceutical industry standards to develop, cultivate, produce, and dispense medical cannabis and medical cannabis products in Florida and Arizona. The Transaction is expected to result in a highly-accretive combination of Verano and AltMed with the resulting company operating under the name “Verano Holdings Corp.” (the “ Resulting Issuer ”). The consummation of the Transaction is subject to the approval of Majesta’s shareholders, antitrust and other regulatory approvals, court approval and other customary closing conditions. The subordinate voting shares of the Resulting Issuer are expected to be listed for trading on the Canadian Securities Exchange (the “ CSE ”). The transaction will have a significant positive impact on the Company’s net asset value and the Company will update the market in a timely manner as information is available. To address improper positions taken by the Company’s lender with respect to the Company’s Verano shares, the Company initiated litigation against the lender as described below. Upon the completion of the Transaction, SOL Global expects to immediately hold 25.2 million subordinate voting shares of the Resulting Issuer. SOL Global looks forward to seeing Verano continue to expand its MSO operations in the United States. Verano has effectively scaled up its operations in several key cannabis markets in the U.S., including Illinois, New Jersey and Nevada (either directly or via affiliates/subsidiaries), and is well positioned to continue to generate impressive quarter over quarter growth. Bluma Wellness Inc. Update On January 14, 2021, SOL Global portfolio company, Bluma Wellness Inc. (“ Bluma Wellness ”), announced the entering into of a definitive arrangement agreement with Cresco Labs Inc. (CSE:CL) (OTCQX: CRLBF) (“ Cresco Labs ”) dated January 13, 2021 (the “ Agreement ”), one of the largest vertically integrated multi-state cannabis operators in the United States, pursuant to which Cresco Labs will acquire all of the issued and outstanding shares of Bluma Wellness in an all-share transaction that values Bluma Wellness at an equity value of $213 million (the “ Bluma Arrangement ”). For more information on the Bluma Arrangement and the terms of the Agreement, please see the Bluma Wellness news release dated January 14, 2021. A special meeting of Bluma Wellness shareholders is expected be held on March 12, 2021 where Bluma Wellness shareholders will be asked to consider the approval of the Bluma Arrangement. Further information on the Bluma Arrangement will be provided in a management information circular that will be mailed to Bluma Wellness shareholders and posted on Bluma Wellness’ profile on SEDAR at www.sedar.com. Subject to the receipt of all required approvals, the Bluma Arrangement is expected to be completed by the start of the second quarter of 2021. SOL Global further announces that it intends to divest all of its 16,891,749 common shares (10.5% undiluted ownership) and 6,450,000 warrants in Bluma Wellness to certain arm’s length limited partnerships (the “ Purchasers ”) prior to the closing of the Bluma Arrangement for strategic decisions and to comply with certain Florida state regulations that restrict investments in multiple licensed Florida medical marijuana treatment centers. The gross proceeds from the divestitures are expected to amount to approximately US$23 million. SOL Global will continue to retain a non-controlling 33% economic interest in Bluma Wellness on a fully-diluted basis. Any and all Purchasers will be required to execute and deliver voting support and lock-up agreements to Cresco to vote in favour of the Bluma Arrangement and not to sell or transfer a portion of the Cresco shares to be received upon closing of the Bluma Arrangement for up to an eight-month period following closing. For additional information on Bluma Wellness, please visit the company’s website at www.oneplant.us. Commencement of Litigation On February 7, 2021, the Company initiated litigation in the State of New York against its lender, 1235 Fund LP, an affiliate of MMCAP, seeking declaratory relief that, among other things, this lender is not entitled to be repaid in any property other than cash. The Company is being represented in the litigation by attorneys Alex Spiro of Quinn Emanuel Urquhart & Sullivan, LLP and Joe Groia of Groia & Company. On July 8, 2019, the Company announced that it had completed a $50,000,000 private placement financing by way of the issue and sale of a senior secured non-convertible debenture (” Debenture “). The Debenture bears interest at 6.0% per annum and will mature on July 5, 2021. If a specific transaction involving Verano and Harvest Health and Recreation Inc. (“ Harvest ”) had occurred (the “Harvest Transaction” ), the lender would have been repaid in shares of either Verano or Harvest, which would have enabled the lender to cover its short position in Harvest and provided the lender with a reasonable premium of return beyond the stipulated 6%. The Harvest Transaction did not close and thus the Debenture is repayable only in cash. Nevertheless, on February 5, 2021, the lender has wrongfully sent a formal notice purportedly electing to receive, instead of cash, Verano shares currently owned by the Company whose value is more than 200% of the principal value of the Debenture. On February 7, the lender took the formal position that the Company’s participation in an exchange of shares that will occur automatically as a result of the Transaction (as defined above) is a breach of the Company’s obligations under the Debenture and related agreements. The Company rejects all these positions. It advised the lender that the lender has no right to be paid in Verano shares under the Debenture for a number of reasons including that it is inconsistent with the intention of the parties once the Harvest Transaction did not close. In addition, the lender has no right to claim shares based upon the claimed breach and the lender’s purported election would result in the lender receiving an effective interest rate significantly beyond the rate permitted under the Criminal Code of Canada. The Company advised the lender that it will repay the Debenture in cash pursuant to its terms. To address any uncertainty resulting from the lender’s positions, the Company commenced litigation against the lender and another seeking declaratory relief that, among other things, the lender has no right to be repaid in Verano shares. As a result of the lender’s positions, SOL Global has decided that it will no longer do business with it nor participate in any transaction in which the lender is involved. COVID-19 Update SOL Global and its investments and portfolio companies have continued to deliver for both clients and shareholders despite challenges in the overall cannabis space and uncertain market conditions caused by the ongoing COVID-19 pandemic. SOL Global’s portfolio companies have adapted to the current environment through the continued scale-up of existing Florida cannabis production facilities, the continued expansion of Bluma Wellness operating subsidiary One Plant Florida’s already robust home- and curbside-delivery network and online ordering system, and the continued oversight of strategic business opportunities. SOL Global remains confident that it will continue to weather the COVID-19 storm and will emerge from the pandemic as a strengthened leader in the larger cannabis marketplace. About SOL Global Investments Corp.: SOL Global is an international investment company with a focus on investing in cannabis and cannabis related companies in legal U.S. states, the hemp and CBD marketplaces and the emerging European cannabis and hemp marketplaces with an objective of providing shareholders with a long term return through capital appreciation, dividends and interest from its investments. If SOL Global believes there is a strategic reason to do so, it may also invest in companies not in the cannabis sector. Cautionary Statements This press release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. The forward-looking information contained in this press release includes, without limitation, the terms and expected completion of the Transaction, the Transaction resulting in a highly accretive business combination, the anticipated effect of the Transaction on the Company’s net asset value, expectations regarding the Resulting Issuer’s growth, the Resulting Issuer’s listing on the CSE, the Company’s interest in the Resulting Issuer immediately following the completion of the Transaction, the terms and expected completion of the Bluma Arrangement, the date of the Bluma Wellness special meeting of shareholders to vote on the Bluma Arrangement, the Company’s intention to divest its securities in Bluma Wellness prior to the closing of the Bluma Arrangement, the Company retaining a non-controlling economic interest in Bluma Wellness, the expected gross proceeds from the divestiture of the Company’s securities in Bluma Wellness, the Company’s intention to repay the Debenture in cash and the Company’s expectations regarding its ability to operate and emerge from the COVID-19 pandemic. Forward-looking information is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management’s perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. While we consider these assumptions to be reasonable based on information currently available to management, there is no assurance that such expectations will prove to be correct. By their nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release including the failure by Verano, Majesta or Altmed to obtain all necessary corporate, regulatory and court approvals for the Transaction, changes in national or regional economic, legal, regulatory and competitive conditions, Verano’s plans for commercialization and changes in its relationships with vendors, Verano’s ability to access capital, expectations regarding market acceptance of the Transaction, the failure by Bluma Wellness or Cresco Labs to obtain all requisite corporate, regulatory and court approvals for the Bluma Arrangement, the risk that the Company may not consummate the divestitures of its Bluma holdings on favorable financial terms, the outcome of litigation in respect of the repayment of the Debenture and a resurgence in the COVID-19 pandemic. Other risk factors include: the risks resulting from investing in the US marijuana industry, which may be legal under certain state and local laws but is currently illegal under U.S. federal law; the risks of investing in securities of private companies which may limit the Company’s ability to sell or otherwise liquidate those securities and realize value; reliance on management; the ability of the Company to service its debt; the Company’s ability to obtain additional financing from time to time to pursue its business objectives; competition; litigation; inconsistent public opinion and perception regarding the medical-use and adult-use marijuana industry; and regulatory or political change. Additional risk factors can also be found in the Company’s current MD&A, which has been filed on SEDAR and can be accessed at www.sedar.com. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law. View source version on businesswire.com:https://www.businesswire.com/news/home/20210208005508/en/ CONTACT: SOL Global Investments Corp. Paul Kania, CFO Phone: (212) 729-9208 Email:[email protected] For media inquiries, please contact: Davis Richardson AMW PR P: 212.542.3146 E:[email protected] KEYWORD: NORTH AMERICA CANADA INDUSTRY KEYWORD: PROFESSIONAL SERVICES HEALTH OTHER PROFESSIONAL SERVICES OTHER HEALTH FINANCE PHARMACEUTICAL SOURCE: SOL Global Investments Corp. Copyright Business Wire 2021. PUB: 02/08/2021 09:26 AM/DISC: 02/08/2021 09:26 AM http://www.businesswire.com/news/home/20210208005508/en
Damian Christian playing Cinderella’s Prince, while Caedan Gamboa is Rapunzel’s Prince. University of Texas Permian Basin Music Department presents the musical “Into the Woods” at 8 p.m. Thursday, Friday and Saturday and Sunday in the Mesa Courtyard on the college campus.Frank Eychaner, an associate professor in the university’s music program, said there are 18 people in the cast.Eychaner said “Into the Woods,” with music and lyrics by Stephen Sondheim, is loosely based around some Grimm Fairy Tales that Sondheim has knit together to create a moral tale about the ambiguity of the decisions we make every day.But despite its serious sound nature, Eychaner assures that it’s funny.Tickets are $15 and can be purchased at tinyurl.com/ahhc2hyw. Bring a receipt to the show. For more information, contact [email protected] or call 432-552-3286. ‘Into the Woods’ outside WhatsApp Local NewsEducation Twitter Facebook Twitter By Odessa American – May 19, 2021 Facebook WhatsApp Pinterest Pinterest Previous articleMoonlight Market to welcome Farmers Market SeasonNext articleOnline survey being conducted on Loop 338 Odessa American