John David Corey Jr., 57, of San Gabriel, was arrested Tuesday for setting the fire which destroyed the roof and caused other damage to the church at Mission San Gabriel Arcángel during a July 11, 2020 early morning fire. Corey is already serving a three-year sentence for a separate arson that took place three days […]
Slammed by an onslaught of universal opposition, the South Pasadena City Council on Tuesday evening withdrew
plans to appoint Christopher A. Jordan as the new City Manager. The announcement came less than 24 hours before the Council was set to approve a four-year, $225,000 annual contract with Jordan and only hours after convening a special closed session to manage the fallout.
“The City Council will not consider approval of an employment agreement with Mr. Jordan,” the city said. It will instead direct its attention to vetting the background of and negotiating terms of a deal with the only other candidate the Council interviewed for the position, whom it did not name.
Verano Holdings (VRNOF) - Cannabis Co Verano Posts Strong 2020 Financials, Expects To Close Accretive Acquisitions In 2021 benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Trulieve Cannabis Corp. (CSE:TRUL) (OTC:TCNNF) announced Wednesday the pricing of the previously-announced marketed public offering of its shares.
The Tallahassee, Florida-based company opted to sell 5 million subordinate voting shares in the United States and Canada in an underwritten public offering, at a price of C$50.00 per share (or $39.63 per share, per the conversion rate found on Bloomberg at 4:30pm ET on April 7, 2021). Total proceeds before deductions, commissions and other expenses, are expected to come in at approximately $198.1 million.
Underwriters will be granted a month to buy up to an additional 750,000 subordinate voting shares at the public offering price.
Financial Highlights
The cannabis consumer packaged goods company reported full-year 2020 revenue of CA$ 26.82 million, which compares to CA$29.2 million in the prior year.
Slang also reported an adjusted EBITDA loss in a range of CA$900,000 to CA$1.4 million.
At the end of 2020, the company held CA$6.48 million in cash and cash equivalents, which is less than the CA$18.9 million it held at the end of 2019.
During the fourth quarter, Slang achieved several milestones including two acquisitions: Oregon’s LBA Global Corporation, and Pleasant Valley Ranch. The company also partnered with Natura and Flower By Edie Parker, and launched a new concentrate product named the Gyro.