Connect with us

BUSINESS

Cresco Labs (OTCMKTS:CRLBF) Brings Sunnyside Experience To South Beloit With 8th Dispensary In Illinois

Published

on

Cresco Labs (OTCMKTS:CRLBF) opened its eighth dispensary in Illinois in South Beloit city. The multistate operator opened the recreational used dispensary near Highway 75, and it can be seen from Interstate 90 by the Wisconsin-Illinois border.

Cresco open 8th dispensary amid COVID-19 pandemic

The CEO of Cresco Labs, Charlie Bachtell, was delighted to introduce the Sunnyside retail experience to thousands of users living in the city of South Beloit and surrounding communities around Winnebago County. This is company’s third retail dispensary opening since the onset of the COVID-19 pandemic. Bachtell lauded the efforts and commitment that the Cresco team has been putting to provide responsible recreational cannabis access to users.

The dispensary which sits on 7,208 sq. ft. of space is one of the largest adult-use stores in the state of Illinois and across the company’s portfolio. Bachtell added that Illinois adult-use market has great potential, and in June, it set a record of hitting $77 million in sales, which translates to almost $1 billion in sales per year. He added that the company continues to enjoy an outsized share of the Illinois market due to increasing cultivation capacity by six times and focusing more on the state.

Cannabis and wellness at Sunnyside South Beloit

Cannabis converges with wellness at the Sunnyside South Beloit. The dispensary aims at educating users on the various positive benefits of pot and also offers a wide variety of cannabis products. It will be a unique and popular shopping destination combining high-end design from retail, healthcare, and hospitality to elevate the value of dispensaries to the community. Around 35 people will be employed at the dispensary with more than 20 points of sale, divided according to function and form.

Currently, Cresco has eight Sunnyside dispensaries in Illinois, with a ninth store expected to open soon in Schaumburg in northwest Chicago. Besides the retail network, the company also has a cultivation space of 215,000 sq. ft.

[optin-monster-shortcode id="lt2ftjs5qhrst1pzmmap"] *Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.

BUSINESS

BRANDED LEGACY (OTCMKTS: BLEG) Admits Witnessing Growth With Its New Distribution Partner

Published

on

BRANDED LEGACY (OTCMKTS: BLEG) recognizes the contribution of California High Beverages to its business, pointing to the distribution partner as the one that has placed the largest order so far. The close collaboration between Elev8 Hemp and the California High Beverages will make it possible to serve customers with the CBD Infused Iced Teas as soon as possible.

The Covid-19 impact on business

 It admits that the outbreak of the Covid-19 affected most businesses, but it is impressed with the massive growth that the distribution partners experienced. For instance, California High Beverages ordered the Elev8 Hemp CBD Infused Iced Teas in massive amounts. Reports show that order as being six times larger than the previous order. In addition, the splitting of the order will be such that it will go to three different territories, namely Texas, California, and Illinois.

The CEO of California High Beverages, Mike Dub, opines, “We anticipate putting Elev8 Hemp in at least 200 retail accounts by the end of the summer. We have already placed them coast to coast in about 50 accounts, and they have been well received with many reorders placed. We look forward working with Elev8 Hemp to further this brand’s presence across the USA!”

Nichols speaks out

Vice President of Branded Legacy Matthew Nichols applauds California High Beverages for the efforts it has been making towards the expansion of its reach. He is pretty impressed with how they have been cooperating all along and the outcomes of their efforts. But, of course, the retail outlets on a nationwide scale have been the main recipients of the efforts considering the easy access to products. As a result, the sales have grown massively, which has always been the aim right from the start.

Elev8 Hemp puts customers first, and that is why it wants to continue channeling resources to ensure that they enjoy top-quality organic hemp products. The customers will enjoy many healthy proteins that will give them a great feeling and make them feel more energetic.

[optin-monster-shortcode id="lt2ftjs5qhrst1pzmmap"] *Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
Continue Reading

BUSINESS

Alumifuel Power Corp (OTCMKTS: AFPW) Retains a New Transfer Agent, Clear Trust LLC

Published

on

Alumifuel Power Corp (OTCMKTS: AFPW) recently announced it is retaining Clear Trust LLC as the company’s new transfer management. Alimfuel’s Chief Executive Officer and President, Mr. Pedro, made the announcement. This will help Alimfuel fulfill the regulatory obligations it has with its shareholders. In addition, clear Trust LLC will be the company’s new Transfer Manager when it comes to the Fully Reporter Issuer tasks. Clear Trust will be very important when helping assist Alimfuel in providing reliable data to achieve the goal.

Once this is done, Alimfuel won’t be listed in the list of companies of TD Ameritrade anymore. This means that it will be able to make OTC Market trades. The company firmly believes that Ameritrade might have misled investors by including its name in that list, yet they had always been fully transparent with the SEC regulators. Alimfuel Power will make further announcements stating how they’re doing so far. Management is confident, and reports will be provided way before the Securities and Exchange Commission deadline, September 28, 2021.

Alimfuel is still assessing the businesses that control its Tangible and Physical Assets associated with Clean Energy, specifically regarding Hydrogen. The company recognizes how important it is to present correct Financial Statements, and it’s working on presenting them to both the SEC and the OTC Market.

Alumifuel Power Corporation and Dinatrum Inc

Alimfuel Power Corp is known for commercializing unique IP (Intellectual Property) for high-performance, high-demand Commercial and Military Applications, focusing on Hydrogen Technology). In addition, Alimfuel Power Corp’s wholly-owned subsidiary, DINATRUM, develops Green Real Estate Projects.

ClearTrust is a full-service, award-winning transfer management service that serves both private and public companies, as well as community banks. ClearTrust provides robust shareholder compliance and record-keeping services to growing issuers. Some of these services include solving unique issuer problems, proxy administration, DRIP maintenance, corporate action processing, paying agent services, compliance support, and online account access. 

The company’s founders are motivated to develop positive securities differences rooted in integrity, helpfulness, and decency. 

[optin-monster-shortcode id="lt2ftjs5qhrst1pzmmap"] *Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
Continue Reading

BUSINESS

Constellation Brands Inc (NYSE: STZ) Announced a $1 Billion Public Offering Price of 2.250% Senior Notes

Published

on

Constellation Brands Inc (NYSE: STZ) is a top alcohol beverage firm that recently announced its $1.0 billion public offering price of 2.250% senior notes, which is due in 2031 for a priced public offering of around 99.555% of the notes’ principal amount. These notes will be classified as senior obligations, equal to the several other senior unsecured indebtedness. Offering close is expected to happen by July 26, 2021.

This leading global marketer and producer of spirits, wine, and beer operates in Italy, New Zealand, Mexico, and the United States. The company’s portfolio includes Modelo Negra, Modelo Especial, Coroner Premier, Corona Light, Corona Extra, Pacifico, Meiomi, Kim Crawford High West Whiskey, Casa Noble Tequila, and SVEDKA Vodka. They also house the Robert Mondavi brand family as well as the Prisoner brand family.

The company plans to use the offering’s net proceeds to redeem its outstanding 2.7% senior notes, which are due in 2022. These are for general business purposes, which can sometimes include repaying near-term debt maturities, as well as a $500 million aggregate principal amount. 

2018 Press Release

In 2018, the company announced a $2.15 public offering price of Senior Notes. This consisted of Senior Floating Rate Notes of $650 million which was due this year, Senior Notes of $500 million due in 2025 for a 99.812% public offering price of the 2025 notes’ principal amount, 4.65% Senior Notes of $500 million, which are due in 2028 for a 99.72% public offering and lastly 5.25% Senior Notes of $500 million due in 2048 for a 99.592% public offering price. The notes were classified as senior obligations that were to equally rank with all the company’s other senior unsecured indebtedness. This was also to be guaranteed by the company’s other subsidiaries, which are also guarantors. 

These past figures show how the prices have dropped this year. The company might not be able to meet all the expected figures.

[optin-monster-shortcode id="lt2ftjs5qhrst1pzmmap"] *Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
Continue Reading

Trending Stories