Canadian cannabis producer Aphria (APHA) on Friday said that a hostile takeover plan from U.S.-based Green Growth Brands announced a day earlier "significantly undervalues" the company. Still, Aphria stock jumped early Friday while most other marijuana stocks edged higher. X But as that ascent continued into the afternoon, more questions surfaced about Green Growth's ties to the company and how viable the offer was. Green Growth's plans to launch the takeover effort, an all-stock bid that valued Aphria at $2.1 billion, marked the latest plot twist for Canadian cannabis this month. Aphria stock crashed early this month after two short-sellers — Hindenburg Research and Quintessential Capital — accused the company of shady self-dealing and called it a "black hole" and "a shell game with a cannabis business on the side." Hindenburg on Friday called the intended bid a "desperate attempt to manufacture the appearance of demand." The short-seller also cited … [Read more...] about Pot Stock Aphria: Green Growth Brands Takeover Bid ‘Significantly Undervalues’ Company
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Tim Aten Naples Daily News Published 6:00 AM EST Nov 5, 2018 Q: I was wondering what the latest is on groundbreaking at the southeast corner of Collier Boulevard and Immokalee Road. Is Lowe's still considering being the "anchor" of this proposed complex? — Bob Foster, Naples A: A major commercial development with restaurants and retail stores, multifamily homes and a hotel are proposed for the former Pelican Nursery land on the southeast corner of Immokalee Road and Collier Boulevard. At least four distinctly different scenarios of master site plans for that more than 55 acres have been floated since the longtime nursery closed on that corner in spring 2017. Only one of the scenarios has included a home improvement store with a garden center. While early talk of a Home Depot or Lowe’s there was more than a rumor, the possibility has narrowed for one of these big-box stores to be a part of the project. The latest plans do not include it, and an answer to a specific … [Read more...] about In the Know: Development planned at Immokalee Road and Collier Blvd.
By Kevin Kelly | [email protected] | Bay Area News Group PUBLISHED: July 13, 2018 at 4:33 pm | UPDATED: July 13, 2018 at 6:28 pm The Menlo Park Fire Protection District does not have an adequate plan in place to serve the rapidly growing population within its boundaries, according to a new grand jury report. The San Mateo County Civil Grand Jury, in a report released Thursday, notes that the fire district has not put strategies in place to meet the challenges of current and future commercial and residential growth in its service area. The report pointed out that the fire district has not prepared a “forward looking financial analysis of projected revenues and expenses related to new development primarily in Menlo Park and East Palo Alto.” The fire district serves Menlo Park, East Palo Alto, Atherton and unincorporated areas of the county with a combined residential population of about 90,000. The civil grand jury recommends that the fire district prepare … [Read more...] about Menlo Park: Watchdog says fire district not ready for growth
Mayoral contenders hoping to defeat incumbent Mary Casillas Salas say Chula Vista needs new leadership to spur robust economic growth and revive the city’s stagnant tax revenues.Salas said she plans to grow the local economy by finishing what she started in her first term: complete the billion-dollar Bayfront development, bring a four-year university to the South Bay, and revitalize the city’s downtown area.Chula Vista’s revenue problem is that it is the second-largest city in the county, but generates the second-lowest tax revenues per capita. Because population growth has outpaced revenue growth, city services have not kept up with demand. And growing pension costs risk putting the city in a deficit.Every mayoral candidate agrees that Chula Vista needs to grow its economy.Four candidates, including Salas, will face off in a June 5 primary. The top two vote-getters will move onto a November election. The winner will serve a four-year term.Challenging Salas are Otay … [Read more...] about Economic growth is at the center of Chula Vista mayoral race
the perpetual residential growth in the Gluckstadt area is causing Madison County school officials to keep a close eye on the increase in student population and how to accommodate it. The Gluckstadt population growth directly affects the Germantown school zone, which includes Madison Crossing Elementary, Mannsdale Elementary, Mannsdale Upper, Germantown Middle and Germantown High School. Each new home brings approximately 1.2 students to the school, according to Superintendent Dr. Ronnie McGehee. For example, the new 600-acre development, which will be located on Stribling and Dewees roads, will have 523 homes within the next seven to 10 years. “That’s a seven to 10-year buildout period,” McGehee said. “The general public sees it as just a total number, but that doesn’t happen immediately. That’s a process. That’s why they phase those things in. Our history and study of this for the past 15 years has been that each house will produce about 1.2 … [Read more...] about School officials keeping eye on continued Gluckstadt growth