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Heinz History Center, Fayette County Historical Society highlight WW II efforts

Pittsburgh Tribune-Review - 2 hours 23 min ago
In partnership with the Senator John Heinz History Center, the Fayette County Historical Society is showcasing a World War II hometown heroes exhibit through May 20." src = "http://triblive.com/rss/photos/?STREAMOID=cNeCLwqgsXHAwXfRpVWm$M$daE2N3K4ZzOUsqbU5sYtPHDOvFvVF6SLMmqm9ZeHSWCsjLu883Ygn4B49Lvm9bPe2QeMKQdVeZmXF$9l$4uCZ8QDXhaHEp3rvzXRJFdy0KqPHLoMevcTLo3h8xh70Y6N_U_CryOsw6FTOdKL_jpQ-&CONTENTTYPE=image/jpeg">
The Fayette County Historical Society is one of 18 regional institutions hosting the Senator John Heinz History Center’s “We Can Do It: WWII” traveling display, ...
Categories: State

Wintrust Financial Corporation Announces Plans to Acquire Delaware Place Bank

Banking - 2 hours 24 min ago

ROSEMONT, Ill., May 02, 2018 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (“Wintrust”) (Nasdaq:WTFC) today announced the signing of a definitive agreement to acquire Chicago Shore Corporation (“CSC”).  CSC is the parent company of Delaware Place Bank, an Illinois state-chartered bank, which operates a banking location in the Gold Coast/Streeterville neighborhood of Chicago, Illinois.  As of March 31, 2018, Delaware Place Bank had approximately $245 million in assets, approximately $165 million in loans and approximately $215 million in deposits. 

Edward J. Wehmer, President and CEO of Wintrust, said, “This transaction provides a wonderful opportunity to expand and complement our market presence in the heart of the City of Chicago.  We look forward to continuing the community banking approach that Delaware Place Bank has established and to providing its customers with an expanded array of products, services and resources.” 

“We are very pleased with the opportunity to join the Wintrust banking family,” said James W. Aldrich, Chairman and Chief Executive Officer, Chicago Shore Corporation and Delaware Place Bank.  “This transaction brings together two companies that share core community banking philosophies and cultures.  Wintrust’s Chicago-based leadership and its track record of serving families, individuals and businesses in Chicago’s neighborhoods and surrounding communities made it an attractive partner.  This partnership offers our customers and employees the long-term benefits that being part of a successful, growing and caring organization brings.” Mr. Aldrich emphasized that by joining forces with Wintrust, “the transaction allows us to continue focusing on serving our customers, while at the same time providing our customers with access to a wider range of products, services and resources.  We see many advantages for our customers and stockholders and we look forward to joining the Wintrust family.”

Terms of the Transaction

Subject to possible adjustment, the aggregate purchase price (which takes into account the appreciated value of a five-story building located in the Gold Coast/Streeterville neighborhood of Chicago) will be approximately $34 million.  Shares of CSC common stock outstanding at the time of the merger will be converted into the right to receive per share merger consideration paid in cash.

Subject to approval by banking regulators and CSC’s stockholders and certain closing conditions, in connection with the closing, all other outstanding securities of CSC (including trust preferred securities of its trust subsidiaries and preferred stock of CSC) will be redeemed in accordance with their terms.  The transaction is expected to close late in the third quarter 2018, and is not expected to have a material effect on Wintrust’s 2018 earnings per share.

Advisors

Piper Jaffray acted as exclusive financial advisor to CSC in the transaction and provided a fairness opinion to its Board of Directors.  Sullivan and Cromwell LLP acted as CSC’s transaction counsel, and Schiff Hardin LLP served as transaction counsel to Wintrust.

About Wintrust

Wintrust is a financial holding company with assets of approximately $28 billion whose common stock is traded on the NASDAQ Global Select Market. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries with over 150 banking locations located in the greater Chicago and southern Wisconsin market areas. Additionally, the Company operates various non-bank business units, including one of the largest commercial insurance premium finance companies operating in the United States and Canada, a company providing short-term accounts receivable financing and value-added out-sourced administrative services to the temporary staffing services industry, a business unit engaging primarily in the origination and purchase of residential mortgages for sale into the secondary market throughout the United States, and companies providing wealth management services.

Forward-Looking Information

This press release contains forward-looking statements within the meaning of the federal securities laws relating to the proposed acquisition of Chicago Shore Corporation and its integration with Wintrust, the combination of their businesses and projected revenue, as well as profitability and earnings outlook.  Investors are cautioned that such statements are predictions and actual events or results may differ materially. Wintrust's expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" and the forward-looking statement disclosure contained in Wintrust's Annual Report on Form 10-K for the most recently ended fiscal year.  Forward-looking statements speak only as of the date made and Wintrust undertakes no duty to update the information.

Additional Information for CSC Stockholders

This communication is not a solicitation of a proxy from any stockholder of CSC. In connection with the definitive agreement, stockholders of CSC will receive a proxy statement. CSC STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT MATERIALS SENT TO CSC STOCKHOLDERS WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.  This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities.

CONTACT: FOR MORE INFORMATION CONTACT: Edward J. Wehmer, President/CEO – Wintrust Financial Corporation, (847) 939-9000 David A. Dykstra, COO – Wintrust Financial Corporation, (847) 939-9000 James Aldrich, Chairman and CEO – Chicago Shore Corporation, (312) 280-0360 Wintrust Website address: www.wintrust.com
Categories: State

Home destroyed in Washington County fire

Pittsburgh Tribune-Review - 2 hours 29 min ago
The burned remnants of a home in Hanover Township, Washington County, remain after a fire on Wednesday, May 2, 2018." src = "http://triblive.com/rss/photos/?STREAMOID=Qp2hvQbGMvBB6sI6DJFSAs$daE2N3K4ZzOUsqbU5sYswemjZhlUBx38x1JFUWR_VWCsjLu883Ygn4B49Lvm9bPe2QeMKQdVeZmXF$9l$4uCZ8QDXhaHEp3rvzXRJFdy0KqPHLoMevcTLo3h8xh70Y6N_U_CryOsw6FTOdKL_jpQ-&CONTENTTYPE=image/jpeg">
A home was destroyed in a fire Wednesday morning in Washington County. Flames were reported in the roof of a Hanover Township home to Washington ...
Categories: State

‘A Smithsonian Conversation on Wine’ promises a tasty lesson at the Senator John Heinz History Center

Pittsburgh Tribune-Review - 2 hours 38 min ago
As part of its 'American Spirits' exhibit, the Senator John Heinz History Center will host Smithsonian curator Paula J. Johnson for a conversation on wine and Prohibition on May 6." src = "http://triblive.com/rss/photos/?STREAMOID=1aUFn_eEzB10kqVS7MSxCs$daE2N3K4ZzOUsqbU5sYsYAkSwU6YONgQEX0pCWLTzWCsjLu883Ygn4B49Lvm9bPe2QeMKQdVeZmXF$9l$4uCZ8QDXhaHEp3rvzXRJFdy0KqPHLoMevcTLo3h8xh70Y6N_U_CryOsw6FTOdKL_jpQ-&CONTENTTYPE=image/jpeg">
Wine aficionados and history buffs alike will enjoy “In Vino Veritas: A Smithsonian Conversation on Wine,” at 2 p.m. May 6 at the Senator John ...
Categories: State

Three things we learned from Penguins-Capitals Game 3

Pittsburgh Tribune-Review - 2 hours 38 min ago
Pittsburgh Penguins' Matt Murray eyes the puck Dumoulin during their game against the Capitals inside of PPG Paints Arena on May 1, 2018." src = "http://triblive.com/rss/photos/?STREAMOID=y8Qeg7ggD4yuUXoSo9IK4c$daE2N3K4ZzOUsqbU5sYuv8Ssz0PwM_yWFLhjTQ173WCsjLu883Ygn4B49Lvm9bPe2QeMKQdVeZmXF$9l$4uCZ8QDXhaHEp3rvzXRJFdy0KqPHLoMevcTLo3h8xh70Y6N_U_CryOsw6FTOdKL_jpQ-&CONTENTTYPE=image/jpeg">
Over the last three postseasons, the Penguins have won nine consecutive series. In one-third of them, they’ve been in a position similar to the one ...
Categories: State

Come sail away with Pittsburgh’s Bastard Bearded Irishmen

Pittsburgh Tribune-Review - 2 hours 41 min ago
" src = "http://triblive.com/rss/photos/?STREAMOID=ZfrV4fcsbRis1FatoZOv28$daE2N3K4ZzOUsqbU5sYt9ee1_zLCbWVsjOeAwbV1nWCsjLu883Ygn4B49Lvm9bPe2QeMKQdVeZmXF$9l$4uCZ8QDXhaHEp3rvzXRJFdy0KqPHLoMevcTLo3h8xh70Y6N_U_CryOsw6FTOdKL_jpQ-&CONTENTTYPE=image/jpeg">
The band started by writing “fun drinking songs,” according to its lead singer. Wed that attitude with rousing, foot-stomping rock ‘n’ roll with a Celtic ...
Categories: State

Aegean Marine Petroleum Network Inc. Reaches Settlement Agreement with RBM Holdings LLC to Dismiss Shareholder Litigation and Appoint Tyler Baron, Raymond Bartoszek and Donald Moore to the Board

Oil - 2 hours 45 min ago

Aegean also Announces Termination of its Consulting Agreement with Dimitris Melisanidis

NEW YORK, May 02, 2018 (GLOBE NEWSWIRE) -- Aegean Marine Petroleum Network Inc. (NYSE:ANW) (“Aegean” or the “Company”), a leading international marine fuel logistics company, today announced that it has appointed Tyler Baron of RBM Holdings LLC (“RBM”), Raymond Bartoszek, and Donald Moore to its Board of Directors, effective immediately. These independent directors will serve alongside Yiannis N. Papanicolaou, Spyridon Fokas, George J. Konomos and Konstantinos Koutsomitopoulos on Aegean’s Board of Directors, bringing the number of independent directors to six.

In connection with these appointments, Aegean has entered into a Settlement Agreement with RBM and its members, Tyler Baron, Justin Moore and August Roth (together, the “RBM Parties”), pursuant to which RBM has agreed to voluntarily dismiss the shareholder litigation, with prejudice, that it initiated against Aegean in the Southern District of New York, and further, the RBM Parties have agreed to release Aegean from any and all claims relating to such litigation. The RBM Parties have also agreed to certain limited standstill and voting provisions, including voting in favor of the Company’s proposed slate of directors at the Company’s 2018 Annual Meeting of Shareholders. The full terms of the Settlement Agreement will be filed by Aegean with the U.S. Securities and Exchange Commission.

“We are pleased to welcome the new directors joining the Company’s Board and the resolution of the litigation. We and RBM believe that Aegean’s unique assets and strategic network are a strong foundation for future success,” said Konstantinos Koutsomitopoulos, Aegean’s Chairman of the Nominating and Governance Committee.

Tyler Baron and Justin Moore, speaking on behalf of RBM and The Committee for Aegean Accountability, said, “We are pleased to be part of a significant evolution of the board. The new board members look forward to working with their colleagues and management on delivering a strategic operating plan that focuses on value creation and brings Aegean into its next phase of growth and profitability.”

The Committee for Aegean Accountability owns approximately 14.7% of Aegean’s outstanding shares and is comprised of the RBM Parties, the newly appointed directors, as well as Towle & Co. and Shah Capital Management, among others.

In addition, Aegean today announced that its Consulting Agreement with Dimitris Melisanidis (through Leskira Holdings Co. Limited), Aegean’s founder and former Head of Corporate Development, has been terminated by the mutual consent of both parties.

Biographies of the newly appointed Directors:

Tyler Baron

Mr. Baron has more than 15 years of experience in the financial services and investment management industry.  Since 2012, Mr. Baron has been the Portfolio Manager and Managing Partner of Sentinel Rock Capital, a hedge fund that applies an absolute value-oriented strategy across long/short investment opportunities expressed in small and mid-capitalization equities and debt.  From 2006-2011, Mr. Baron was a Partner at Spring Point Capital, a $1.5B hedge fund based in San Francisco, initially as an analyst and then managing research for the long portfolio as well as becoming one of the largest equity partners at the firm.  Mr. Baron started his investing career in 2003 as an analyst at CBI Capital, a long/short hedge fund based in New York City.  In 2001, Mr. Baron joined the restructuring group as an analyst at Peter J. Solomon Company, a boutique investment bank, providing advisory services to debtors and creditor groups undergoing debt restructurings.  Mr. Baron attended the University of California at Berkeley and graduated with a Bachelor of Science degree from the Haas School of Business in 2001.

Raymond Bartoszek

Mr. Bartoszek has over 20 years of experience as an oil trader specializing in the supply of marine bunker fuels to global shipping companies, first at Texaco and then at Glencore Ltd.  While at Glencore Ltd. he held a number of senior management positions including Managing Director and head of its oil department where he managed a global team and portfolio of assets.  Mr. Bartoszek was one of the firm's directors leading up to the successful IPO in 2011.  Following his time at Glencore, Mr. Bartoszek started a family office called RLB Holdings.  He currently serves on the board of several private companies and is a Limited Partner of the New York Yankees.  He is also the Managing Partner of Horseheads Sand and Transloading Terminal, an energy terminal that supplies well operations in the Marcellus Shale.  Mr. Bartoszek holds a M.B.A. with a focus in International Business from Rensselaer Polytechnic Institute and a Dual-Major B.S. degree from the U.S. Merchant Marine Academy.

Donald Moore

Mr. Moore has over 40 years of experience in the financial services industry at Morgan Stanley, most recently as Chairman of Morgan Stanley Group (Europe) from 2000-2016 and as Global Chairman of the Financial Institutions Group from 2013-2016.  He has been involved in over 500 billion euros ($552 billion) worth of transactions throughout Europe working closely with governments, institutions and corporations on strategic issues, including mergers, acquisitions, divestitures, restructurings and equity financings.  Prior to moving to Europe in 1997, Mr. Moore worked on over 120 transactions spanning 22 years in New York, including most of the landmark banking transactions such as Citicorp on their restructuring and recapitalization in 1990.  In 1995, Mr. Moore was appointed by the US Treasury Secretary Robert Rubin to serve on the U.S. Treasury Advisory Council on Financial Institutions.  Mr. Moore has served as a trustee and board member of a number of organizations including, Carnegie Hall, the National Gallery (London), the London Symphony Orchestra, and currently serves as the Chairman of the Institute of Contemporary Arts (London).  Mr. Moore attended the London School of Economics and holds a B.A. with Honors from Pomona College and a M.B.A. from Harvard Graduate School of Business Administration.

About Aegean Marine Petroleum Network Inc.

Aegean Marine Petroleum Network Inc. is an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea. The Company procures product from various sources (such as refineries, oil producers, and traders) and resells it to a diverse group of customers across all major commercial shipping sectors and leading cruise lines. Currently, Aegean has a global presence in more than 30 markets and a team of professionals ready to serve its customers wherever they are around the globe. For additional information please visit: www.ampni.com.

Cautionary Statement Regarding Forward-Looking Statements

Matters discussed or referenced in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "intend," "anticipate," "estimate," "project," "forecast," "plan," "potential," "may," "should," "expect" and similar expressions identify forward-looking statements. Any forward-looking statements made or referenced in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include our ability to manage growth, our ability to maintain our business in light of our proposed business and location expansion or other changes in our business, our ability to obtain double hull secondhand bunkering tankers, the outcome of legal, tax or regulatory proceedings to which we may become a party, adverse conditions in the shipping or the marine fuel supply industries, our ability to retain our key suppliers and key customers, material disruptions in the availability or supply of crude oil or refined petroleum products, changes in the market price of petroleum, including the volatility of spot pricing, increased levels of competition, compliance or lack of compliance with various environmental and other applicable laws and regulations, our ability to collect accounts receivable, changes in the political, economic or regulatory conditions in the markets in which we operate, and the world in general, our failure to hedge certain financial risks associated with our business, our ability to maintain our current tax treatments and our failure to comply with restrictions or covenants in our debt agreements and other factors. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.

CONTACTS:
Aegean Marine Petroleum Network Inc.
Tel. +1-212-430-1098
Email: investor@ampni.com

Investor Relations / Media Advisor
Nicolas Bornozis / Daniela Guerrero
Capital Link, Inc.
Tel. +1-212-661-7566
Email: aegean@capitallink.com

For RBM Holdings LLC:
Gagnier Communications
Dan Gagnier
Tel: +1-646-569-5897
Email:  dg@gagnierfc.com

 

Categories: State

LiveWire Ergogenics Signs Letter of Intent to Acquire Interest in California Licensed Cannabis Manufacturer Mojave Jane, LLC.

Recreation - 2 hours 45 min ago

Anaheim, CA, May 02, 2018 (GLOBE NEWSWIRE) -- LiveWire Ergogenics, Inc. (OTC: LVVV), a company focused on special purpose real estate acquisitions, the licensing and management of fully compliant turnkey production facilities for cannabis-based products announced today that it has signed a Letter of Intent with Mojave Jane, LLC, a licensed and legal manufacturer of premium cannabis extracts and concentrates for the California market. 

According to the LOI, LiveWire Ergogenics, through its wholly owned subsidiary GHC Ventures, has been granted rights as the Master Distributor for all Mojave Jane products. LiveWire will also acquire a minority equity interest in Mojave Jane in an all-stock transaction and be granted a seat on the company’s Advisory Board. Livewire has agreed to a 12-month option to acquire 100% of Mojave Jane, LLC.

“This Master Distributorship for Mojave Jane’s entire product line will allow LiveWire to generate significant top line revenue for the companies,” states LiveWire CEO Bill Hodson. “Acting as the Master Distributor will allow the two corporate teams to get well acquainted with each other and provide both parties with the opportunity to conduct thorough due diligence to enter into a final agreement.”

Gary Latham, one of the Managing Members of Mojave Jane adds, "LiveWire Ergogenics has assembled an impressive team of experts and is executing on a solid strategy and plan.  We believe that LiveWire is on the path to be a market leader and is a great platform for market penetration and sales in the legal cannabis market. We are very excited to partner with LiveWire and drive value to all of our respective businesses.”

About Mojave Jane
Mojave Jane, LLC is a licensed and legal manufacturer of premium cannabis extracts and concentrates for the California market.  Based in Coachella, CA, Mojave Jane utilizes state of the art CO2 extraction technologies, organic and pesticide free materials and advanced distillation techniques to create an array of products for both recreational and medical cannabis users.    

About LiveWire Ergogenics, Inc.
LiveWire Ergogenics, Inc. (LVVV) specializes in identifying and monetizing current and future trends in the health and wellness industry. The Company is focused on acquiring and licensing specialized turnkey cannabis real estate locations and establishing research partnerships to explore the application of cannabinoid-based products to target specific ailments or conditions with large “sufferer” populations for human and veterinarian applications. This includes the cloning of cannabis strains to produce positive medicinal results, dosing verification of zero pesticide products for quality brands via its “7X Pure” Cannabis Dosing and Verification System, and development and licensing of high-quality cannabinoid-based products and services. The team at LiveWire Ergogenics has a passion for research and is committed to generating and implementing innovative ideas and producing high-quality and fully compliant products that satisfy an increasing demand in this fast-growing industry.

For more information about LiveWire Ergogenics, visit http://www.livewireergogenics.com. For non-material updates, follow LiveWire Ergogenics on Twitter @livewireLVVV. Download the Stockwatchindex Research Report at http://www.swiresearch.com/report-index

Forward-Looking Statements
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. Forward-looking statements may include, without limitation, financial projections, statements regarding the plans and objectives of management for future operations, the development, regulatory approvals and commercialization of the Company’s products, or any of the Company’s other proposed products, systems or services. Such forward-looking statements are not meant to predict or guarantee actual results and performance, events or circumstances and actual events may differ considerably. Factors that may cause actual results to differ materially from any projections may include, without limitation, the Company’s inability to obtain additional financing, delays in the development of its products, the impact of significant new or changing government regulation in the cannabis industry, existing or increased competition, results of arbitration and litigation, stock volatility and illiquidity, and the Company’s failure to implement the Company’s business plans or strategies. The Company assumes no obligation to update any forward-looking statements to reflect any event or circumstance that may arise after the date of this release.

CONTACT: INVESTOR CONTACT EquiNet, LLC Toll free: 877-964-6463 Direct: 858-264-6500 LIVEWIRE ERGOGENICS INC. 1600 North Kraemer Blvd. Anaheim, CA 92806 714-740-5144 www.livewireergogenics.com info@livewireergogenics.com MARKET AWARENESS Stockwatchindex, LLC www.stockwatchindex.com info@stockwatchindex.com

Categories: State

CROP Infrastructure Closes Private Placement & Appoints Director

Recreation - 2 hours 45 min ago

VANCOUVER, British Columbia, May 02, 2018 (GLOBE NEWSWIRE) -- CROP Infrastructure Corp. (the “Company”) (CSE:CROP) (OTC:CIICF) announces that it has closed the previously announced non-brokered private placement for gross proceeds of $4,349,270.  (See news release dated April 6, 2018) by issuance of an aggregate of 10,873,175 units. Each $0.40 unit consists of one common share ("Common Shares") of CROP and one half of one common share purchase warrant (“Warrant”) where each whole Warrant entitles the holder to purchase one additional common share (“Warrant Share”) at an exercise price of $0.55 per Warrant Share for a period of eighteen months following the date of issuance.

The company paid $11,450 in commissions in conjunction with the financing and has issued 26,250 broker warrants exercisable on the same terms as the warrant issued in the financing.

The company has also settled $340,700 of debt in shares at $0.40.

Further the company announces it has appointed Ms. Twila Jensen to the board of directors.

Ms. Jensen is a Senior Capital Markets Strategist with Stockhouse.com, Canada's leading financial community and a global hub for affluent investors, with over one million unique monthly visitors. Ms. Jensen also acts as an Independent Director for two other TSX Venture Exchange listed companies, Durango Resources Corp. and BTU Metals Corp. Ms. Jensen has over 18 years of experience working in the capital markets within sales and marketing roles, as an independent director and also part of audit committees. She has worked with hundreds of public companies across North America in various sectors over the last two decades. 

About CROP Infrastructure Corp.

CROP Infrastructure is engaged in the business of branding, investing, constructing, owning and leasing turnkey greenhouse projects to licensed cannabis producers and processors.   The company’s first project and core asset is its Greenhouse project currently under construction in the State of Washington.

For further information, please contact:

CROP Infrastructure Corp.
Alex Horsley, Director
Tel: 604-484-4206
E-mail: info@cropcorp.com

The securities of the Company are considered highly speculative due to the nature of the Company’s business. The Company is indirectly involved through its business in both the medical and recreational cannabis industry in the United State where local state law permits such activities. As a result of the conflicting views between state legislatures and the federal government regarding cannabis, investments in cannabis businesses in the United States are subject to inconsistent legislation and regulation and therefore there are risks of federal government enforcement. Marijuana-related practices or activities, including the cultivation, possession or distribution of marijuana, are illegal under U.S. federal law.

Forward-Looking Statements

Certain statements in this release are forward-looking statements, which include regulatory approvals, the business of the Company and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

Categories: State

What is a Recreational Cannabis Brand Worth in Canada? -- CFN Media

Recreation - 2 hours 45 min ago

SEATTLE, May 02, 2018 (GLOBE NEWSWIRE) -- CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article covering the emerging recreational cannabis market in Canada, recent investments and acquisitions in adult-use brands, and Choom Holdings Inc.'s (CSE:CHOO) (CNSX:CHOO) (CHOO.CN) (OTCQB:CHOOF) position ahead of full legalization in the country.

Recent investments, partnerships and acquisitions in the Canadian cannabis industry highlight the importance of recreational branding as the country transitions focus from medical marijuana to adult-use, recreational cannabis. The marketing of recreational products to a mass audience differs significantly from the marketing of medical products to a narrower audience, and an examination of investments in the space can serve to put a perceived value on brands that are focused on the mass market.

Choom Holdings is a company that started with one specific goal in mind - develop a brand that would have broad appeal in the nascent Canadian recreational cannabis industry. Choom is a local Hawaiian term for smoking marijuana, and the company aims to bring the spirit of relaxed good times from the islands straight to the Canadian cannabis consumer’s door.

Follow the link to get Choom’s corporate presentation and company updates.

Recent Deals

Shortly on the heels of announcing a supply agreement between the two companies, Emblem Corp. announced that it was acquiring an interest in Fire & Flower. Fire & Flower is a corporately-owned retail cannabis lifestyle brand and store concept, and it has announced its application for 37 retail licenses in Alberta. The company is also contemplating retail efforts in British Columbia, Saskatchewan and the Atlantic provinces, though nothing official has been announced.

Determining the value of Fire & Flower is a little bit tricky, but according to a recent press release from TerrAscend Corp., its C$2.5 million investment amounts to about 5% of the outstanding Fire & Flower shares. Simple math puts the value at about $50 million for the company, with a retail concept and a number of applications on its books.

Hiku Brands is another interesting story. The company was very recently formed through the merger of DOJA Cannabis, a smaller licensed producer, and Tokyo Smoke, a cannabis-oriented retailer of coffee, clothing and accessories in British Columbia, Alberta, and Ontario. In a recently-announced deal, Hiku is merging with WeedMD to combine the retail company with the more-established medical marijuana producer.

In the end, should the deal pass muster with shareholders and regulators, Hiku shareholders will own about 51.75% of the company and WeedMD holders about 48.25%. This means that the companies are on nearly equal footing, perhaps a surprising development for the merger between the more established medical licensed producer and the smaller producer/retail concept company. The companies currently feature market caps of approximately $178 million for WeedMD and about $195 million for Hiku.

There are also deals like Aphria’s acquisition of Broken Coast Cannabis for $230 million to consider, and Supreme Pharma’s purchase of a 10% stake in BlissCo. But you get the picture. Licensed producers are putting tremendous resources into retail brands and companies in often very early stages of development.

Follow the link to get Choom’s corporate presentation and company updates.

Choom’s Place in the Market

Choom™ emerged in the public markets in late 2017, formed with the intent of developing a great brand focused exclusively on the recreational cannabis consumer. Management was reading the tea leaves, and the company is one of the very few recreational pure-play public entities. It also has a relatively impressive list of assets and accomplishments as it builds a dedicated recreational cannabis company, vertically integrated from seed through retail sales.

Choom owns two late stage licensed producer applicants, both based in British Columbia. It also has agreements in place, pending details, to acquire two more late stage applicants, one in BC and one based in Saskatchewan. All of these applications are anticipated to be approved in the near term. To hedge against delays in ramping up its own production, Choom has a supply agreement in place with ABcann. The Ontario-based producer also chipped in $4 million in Choom’s recent $7 million raise.

Choom has announced plans for retail applications and locations throughout Saskatchewan, Alberta, and British Columbia, totalling 48 potential retail outlets to this point. The company is also eyeing further opportunities further east in Canada, but has been initially focused on covering the three westernmost provinces, accounting for about 27% of the country’s population.

With a current market cap in the neighborhood of $60 million, it could be argued that Choom is undervalued when compared with the recent investments in the retail brand space. That argument would only grow more convincing should any of the company’s four applicants advance through the next phases of licensing. Similarly, should Choom receive approval for its planned retail outlets, the company could look like a bargain compared to some of its retail-hopeful brethren. All of the above bears watching.

Please follow the link to read the full article: http://www.cannabisfn.com/recreational-cannabis-brand-worth-canada/

About CFN Media

CFN Media (CannabisFN) is the leading agency and financial media network dedicated to the global cannabis industry, helps companies operating in the space attract investors, capital, and publicity. Since 2013, private and public cannabis companies in the US and Canada have relied on CFN Media to grow and succeed.

Learn how to become a CFN Media client company, brand or entrepreneur: http://www.cannabisfn.com/featuredcompany

Download the CFN Media iOS mobile app to access the world of cannabis from the palm of your hand: https://itunes.apple.com/us/app/cannabisfn/id988009247?ls=1&mt=8

Or visit our homepage and enter your mobile number under the Apple App Store logo to receive a download link text on your iPhone: http://www.cannabisfn.com

Disclaimer

CannabisFN.com is not an independent financial investment advisor or broker-dealer. You should always consult with your own independent legal, tax, and/or investment professionals before making any investment decisions. The information provided on http://www.cannabisfn.com (the ‘Site’) is either original financial news or paid advertisements drafted by our in-house team or provided by an affiliate. CannabisFN.com, a financial news media and marketing firm enters into media buys or service agreements with the companies that are the subject of the articles posted on the Site or other editorials for advertising such companies.  We are not an independent news media provider. We make no warranty or representation about the information including its completeness, accuracy, truthfulness or reliability and we disclaim, expressly and implicitly, all warranties of any kind, including whether the Information is complete, accurate, truthful, or reliable. As such, your use of the information is at your own risk. Nor do we undertake any obligation to update the items posted. CannabisFN.com received compensation for producing and presenting high quality and sophisticated content on CannabisFN.com along with financial and corporate news.  

The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/

CFN Media
Frank Lane
206-369-7050
flane@cannabisfn.com

Categories: State

Slide on in for tasty treats at Sandcastle

Pittsburgh Tribune-Review - 2 hours 56 min ago
New this year at Sandcastle Water Park in Homestead is the Dog House, which will offer the “Coney,” “Chicago,” (pictured) and “New York” gourmet wieners topped with items such as sauerkraut, chili and cheese. " src = "http://triblive.com/rss/photos/?STREAMOID=$J40NU$pvJKk1tx0M6bOUs$daE2N3K4ZzOUsqbU5sYvytBQbfiuXNeavyuNMYJDyWCsjLu883Ygn4B49Lvm9bPe2QeMKQdVeZmXF$9l$4uCZ8QDXhaHEp3rvzXRJFdy0KqPHLoMevcTLo3h8xh70Y6N_U_CryOsw6FTOdKL_jpQ-&CONTENTTYPE=image/jpeg">
Get ready to slide away the day at Sandcastle waterpark in Homestead which opens the weekends of May 26-28 and June 2-3 and daily starting ...
Categories: State

Covering the storm of Stormy Daniels

Pittsburgh Tribune-Review - 3 hours 2 min ago
Stormy Daniels arrives at the 50th Annual Grammy Awards on Sunday, Feb. 10, 2008, in Los Angeles." src = "http://triblive.com/rss/photos/?STREAMOID=TrmhKVSH0OW2WY$NefxOAc$daE2N3K4ZzOUsqbU5sYsvjxrtQFDiQ2sCdFwqPzWOWCsjLu883Ygn4B49Lvm9bPe2QeMKQdVeZmXF$9l$4uCZ8QDXhaHEp3rvzXRJFdy0KqPHLoMevcTLo3h8xh70Y6N_U_CryOsw6FTOdKL_jpQ-&CONTENTTYPE=image/jpeg">
Kristen Jordan Shamus had never been to a strip club before. She made her first trip April 18 to cover the nation’s largest political story ...
Categories: State

Truck driver was drunk when he crashed into McDonald’s drive-thru in Bentleyville, police say

Pittsburgh Tribune-Review - 3 hours 2 min ago
" src = "http://triblive.com/rss/photos/?STREAMOID=hzEfGSsk_chOcZtJMX9_Y8$daE2N3K4ZzOUsqbU5sYseaYbI4BHGNVPFd8$sq$aKWCsjLu883Ygn4B49Lvm9bPe2QeMKQdVeZmXF$9l$4uCZ8QDXhaHEp3rvzXRJFdy0KqPHLoMevcTLo3h8xh70Y6N_U_CryOsw6FTOdKL_jpQ-&CONTENTTYPE=image/jpeg">
A Texas man was arrested early Wednesday after state police said he was drunk when he crashed a tractor-trailer in Bentleyville, causing damage to a ...
Categories: State

Next steps for caravan will unfold mostly out of public view

Pittsburgh Tribune-Review - 3 hours 2 min ago
A girl who traveled with the annual caravan of Central American migrants awakens where the group set up camp to wait for access to request asylum in the U.S., outside the El Chaparral port of entry building at the US-Mexico border in Tijuana, Mexico, Tuesday, May 1, 2018. (AP Photo/Hans-Maximo Musielik)" src = "http://triblive.com/rss/photos/?STREAMOID=vXrQDTssioKcqDkXrOWcEc$daE2N3K4ZzOUsqbU5sYvy5UhyM4lsUEkcBypohFT9WCsjLu883Ygn4B49Lvm9bPe2QeMKQdVeZmXF$9l$4uCZ8QDXhaHEp3rvzXRJFdy0KqPHLoMevcTLo3h8xh70Y6N_U_CryOsw6FTOdKL_jpQ-&CONTENTTYPE=image/jpeg">
TIJUANA, Mexico — The caravan of Central Americans seeking asylum in the United States sought the world’s attention as scores of migrants traveled through Mexico ...
Categories: State

Faux pas: France’s Macron says Aussie PM’s wife ‘delicious’

Pittsburgh Tribune-Review - 3 hours 14 min ago
French President Emmanuel Macron, left, and Australian Prime Minister Malcolm Turnbull clap during a war commemorative ceremony in Sydney, Wednesday, May 2, 2018. Macron is on a three-day visit to Australia. (AP Photo/Rick Rycroft, Pool)" src = "http://triblive.com/rss/photos/?STREAMOID=gij6lv2hsRWzEOKgrYxHgs$daE2N3K4ZzOUsqbU5sYtW1qYV7NDz98nKcVq__qFYWCsjLu883Ygn4B49Lvm9bPe2QeMKQdVeZmXF$9l$4uCZ8QDXhaHEp3rvzXRJFdy0KqPHLoMevcTLo3h8xh70Y6N_U_CryOsw6FTOdKL_jpQ-&CONTENTTYPE=image/jpeg">
SYDNEY — Was it a Freudian slip by French President Emmanuel Macron? A joke linked to French gastronomy? Or even, a week after his visit ...
Categories: State

Abandoned house fire in Unity under investigation

Pittsburgh Tribune-Review - 3 hours 14 min ago
Firefighters work at the scene of an abandoned house fire on Bruno Road in Unity on Wednesday, May 2, 2018." src = "http://triblive.com/rss/photos/?STREAMOID=3WiMuFpMHktda7IYr630Ns$daE2N3K4ZzOUsqbU5sYu7RY2Iq_pV7vxM3Df8aIJ4WCsjLu883Ygn4B49Lvm9bPe2QeMKQdVeZmXF$9l$4uCZ8QDXhaHEp3rvzXRJFdy0KqPHLoMevcTLo3h8xh70Y6N_U_CryOsw6FTOdKL_jpQ-&CONTENTTYPE=image/jpeg">
A state police fire marshal is investigating a fire at an abandoned house in Unity early Wednesday, according to a Westmoreland 911 dispatcher. Firefighters were ...
Categories: State

With girls joining the ranks, Boy Scouts plan a name change

Pittsburgh Tribune-Review - 3 hours 20 min ago
In a Thursday, March 1, 2018 photo, Ian Weir, left, smiles as he stands with his twin sister Tatum after a cub scout meeting in Madbury, N.H. (AP Photo/Charles Krupa)" src = "http://triblive.com/rss/photos/?STREAMOID=VaBzyQ73EjdnHUsBC3O758$daE2N3K4ZzOUsqbU5sYuVZVtDBmsWjIXqW$QgB7ZOWCsjLu883Ygn4B49Lvm9bPe2QeMKQdVeZmXF$9l$4uCZ8QDXhaHEp3rvzXRJFdy0KqPHLoMevcTLo3h8xh70Y6N_U_CryOsw6FTOdKL_jpQ-&CONTENTTYPE=image/jpeg">
NEW YORK — For 108 years, the Boy Scouts of America’s flagship program has been known simply as the Boy Scouts. With girls soon entering ...
Categories: State

Police: Masked robber identified by mom, turns himself in

Pittsburgh Tribune-Review - 3 hours 23 min ago
" src = "http://triblive.com/rss/photos/?STREAMOID=ug_3n_iOgOIGpOFo3b$sgs$daE2N3K4ZzOUsqbU5sYsGzf5a62iHk080B5kyLYOdWCsjLu883Ygn4B49Lvm9bPe2QeMKQdVeZmXF$9l$4uCZ8QDXhaHEp3rvzXRJFdy0KqPHLoMevcTLo3h8xh70Y6N_U_CryOsw6FTOdKL_jpQ-&CONTENTTYPE=image/jpeg">
BELLPORT, N.Y. — Police in Long Island say a man who held up a string of businesses while hiding behind a surgical mask has been ...
Categories: State

Man wounded by gunfire in Duquesne overnight

Pittsburgh Tribune-Review - 3 hours 23 min ago
Duquesne City police were called to Grant Avenue where they found a 33-year-old man wounded by gunfire on Wednesday, May 2, 2018." src = "http://triblive.com/rss/photos/?STREAMOID=my3F1fsGSseCeJyHASXS08$daE2N3K4ZzOUsqbU5sYsucwaQMBTkiIoCqBAI7uupWCsjLu883Ygn4B49Lvm9bPe2QeMKQdVeZmXF$9l$4uCZ8QDXhaHEp3rvzXRJFdy0KqPHLoMevcTLo3h8xh70Y6N_U_CryOsw6FTOdKL_jpQ-&CONTENTTYPE=image/jpeg">
A man was wounded by gunfire early Wednesday morning in Duquesne. The incident was reported at around 1:45 a.m. in the 600 block of Grant ...
Categories: State

Police say North Carolina death is linked to paintball war

Pittsburgh Tribune-Review - 3 hours 26 min ago
" src = "http://triblive.com/rss/photos/?STREAMOID=Oh91y$276E2WZABJgvVXM8$daE2N3K4ZzOUsqbU5sYsTsPOITNjrQrSzxCxMKX7pWCsjLu883Ygn4B49Lvm9bPe2QeMKQdVeZmXF$9l$4uCZ8QDXhaHEp3rvzXRJFdy0KqPHLoMevcTLo3h8xh70Y6N_U_CryOsw6FTOdKL_jpQ-&CONTENTTYPE=image/jpeg">
GREENSBORO, N.C. — Authorities say they believe a North Carolina shooting death is linked to an ongoing paintball battle around the city. That’s what Greensboro ...
Categories: State
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