DENVER, Colo., September 27, 2019- (24/7MarketNews via COMTEX) Venture Market News for September 27, 2019.
Cresco Labs Enters Into Sale-and-Leaseback Agreement With Innovative Industrial Properties for Illinois Facilities
Cresco Labs Inc. (“Cresco Labs” or the “Company”) (CSE: CL) (OTCQX: CRLBF), one of the largest vertically integrated multistate cannabis operators in the United States, today announced that it has signed a binding agreement to sell its Joliet and Kankakee, Illinois properties to Innovative Industrial Properties, Inc. (“IIP”) for approximately $46.3 million, which amount includes funding for additional tenant improvements at the Kankakee property. Concurrent with the closing of the sale, Cresco Labs will enter into a long-term, triple-net lease agreement with IIP and will continue to operate each property as a licensed cannabis cultivation and processing facility. The two properties represent approximately 100,000 square feet of industrial space in aggregate. The agreement is expected to close within the next 30 days.
Generex Biotechnology Announces Plans to Establish the NuGenerex Diabetes Research Center in Collaboration With Arizona Endocrinology Group & Paradise Valley Medical Family Medicine
- Integrated, collaborative data systems enable population analytics
- Generex plans to accelerate the clinical development of Oral-Lyn-2 for Type-2 diabetes and Altsulin® for Type-1 diabetes
MIRAMAR, Fla., Sept. 27, 2019 (GLOBE NEWSWIRE) — Generex Biotechnology Corporation (OTCQB:GNBT) is pleased to announce plans to establish the NuGenerex Diabetes Research Center in collaboration with Arizona Endocrinology Group and Paradise Valley Family Medicine, P.C., our partners in our previously announced MSO, NuGenerex Health, LLC. Together, the collaborative medical practices provide integrated primary and specialty care, as well as pharmacy services to a patient population of roughly 65,000 patients, 25,000 of whom are insulin-dependent diabetes patients.
Dixie Brands and Herbal Enterprises Update Timeline for Definitive Agreement to Launch Collection of THC-infused Cannabis Products
Companies Amend Letter of Intent As Management Teams Work Closely to Plan Flawless Launch
DENVER and WOODBURY, NY, Sept. 27, 2019 /CNW/ – Dixie Brands Inc. (CSE: DIXI.U), (OTC: DXBRF), (Frankfurt: 0QV), a leading cannabis CPG company, and Herbal Enterprises LLC, an affiliate of the AriZona™ brand, have amended the letter of intent to extend the deadline by which the parties plan to reach a definitive agreement until November 14, 2019.
Zurich Innovation Championship: Zurich seeks startups with bold ideas to protect the next generation
LAS VEGAS, Sept. 26, 2019 /PRNewswire/ — Zurich Insurance Group (Zurich) has launched the second edition of its Innovation Championship, offering startups the opportunity to work with the global insurer to grow their business.
Norsk Hydro: Federal court lifts final embargo on Alunorte deposit area
The Brazilian federal court lifted today, September 26th , the final embargo on Alunorte’s new bauxite residue disposal (DRS2) under a criminal lawsuit, allowing the alumina refinery to resume activities of installation and commissioning at DRS2 and ending a 19-month embargo period which has restricted activities at the plant.
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