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Dinatrum (OTCMKTS:AFPW) Announce Development In Atlanta That will Bring Up To $11 Million

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Dinatrum/Alumifuel Power Corporation (OTCMKTS:AFPW) has provided an update regarding the company’s acquisition and latest activities. The company recently informed shareholders that it had signed a letter of intent (LOI) for the development of a project in Atlanta, Georgia.

Dinatrum acquires 6.422 acres block in Atlanta

Alumifuel Power Corporation stated that it had signed a letter of intent to acquire a 6.422 acres block in the suburbs of Atlanta, Georgia. The company has indicated that it will develop the site, and so far, it has retained the services of Design and Landscape engineers to work on the shape and design of the lots. Dinatrum has indicated that it will provide more information regarding the project soon.

The company has contracted international contractors to carry out different tasks, and it is committed to ensuring everything is per Environment Regulations. So far, Dinatrum has collaborated with several Real Estate Agents across various cities.

Dinatrum expects up to $11 million from the Atlanta project

The process of designing the landscape within the property is already underway. The company is targeting around 60 to 70 townhouses that the company estimates will bring revenue of between $8 million and $11 million within 13 months is to 25 months. However, the revenue estimate might vary depending on how many townhouses both luxury and standard that Dinatrum will construct. The company indicates that it will provide the exact numbers as development continues, and they start the pre-sale program.

Similarly, the company expects a variation in revenue depending on the office space the company will have within the development. Over the last decade, office space has grown significantly and thus us an area that the company wants to concentrate on and capitalize on the opportunity.

The company plans to subcontract developers experienced in the field with which Dinatrum currently has Conversions. The company has invited local contractors to help with the project. Going forward, the company does not foresee the possibility of a reverse split since it does not have any debt conversions. Therefore with no debt, there is no chance of a reverse split.  

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Cannabis Control Commission Grants License To Curaleaf Holdings Inc (OTCMKTS:CURLF) To Inaugurate Retail Dispensary In Massachusetts

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Massachusetts Cannabis Control Commission has granted final license approval to Curaleaf Holdings Inc (OTCMKTS:CURLF) to inaugurate an adult-use cannabis dispensary at 124 Street in Ware, Massachusetts. The company expects to schedule the post-final inspections to inaugurate adult-use location by early March this year.

Opened first adult-use location in November 2019

Curaleaf has inaugurated its adult-use retail cannabis location in November 2019 in Oxford, Massachusetts. On January 29, 2020, the company opened the second adult-use location in Provincetown. It also established medical use cannabis facility in Hanover.

Reliable and high-quality medical use products

Chief Executive Officer of Curaleaf, Joseph Lusardi, said the company’s main strategy is to provide reliable and high-quality medical use cannabis products to the customers and patients in Massachusetts. The company is pleased to open a third adult-use retail cannabis dispensary in the commonwealth of Massachusetts.

Adds twenty new jobs

Patrick Jansson, President of Curaleaf Massachusetts, said the company will add twenty new jobs and contribute to the local economy. It yearns to establish a positive and impactful relationship with the local community. The company is pleased to bring its business to the Ware, Hampshire County. Curaleaf operates 53 dispensaries in the US.

Announces Expiration of waiting period for Grassroots

Curaleaf said the waiting period under the HSR (Hart-Scott-Rodino Antitrust Improvements Act of 1976) has expired to take over GR Companies, Inc. (“Grassroots”). Both the firms will work together to obtain state and regulatory approvals and complete the transaction in spring 2020.

Joseph said the company is excited to achieve milestones because it strives to acquire Grassroots. Following the takeover, Curaleaf expects to establish a strong presence in the Midwest. The customers and patients can get access to its industry-leading brands. Curaleaf will continue to focus on executing its strategy and enjoy the benefits of brand recognition and greater scale in the new and existing markets.

Grassroots is engaged in the sale of reliable cannabis products that improve the lives of people from all backgrounds. The customers can enjoy a unique, education, and wellness-focused dispensary experience. It holds facilities in Maryland, Michigan, Vermont, Ohio, Oklahoma, Pennsylvania, Nevada, Illinois, Connecticut, Arkansas, and North Dakota.

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Starseed Medicinal Inc, A Subsidiary Of WeedMD Inc (OTCMKTS:WDDMF), Becomes A Preferred Supplier Of Medical Cannabis To myHSA Program Participants In Canada

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Starseed Medicinal Inc, a subsidiary of WeedMD Inc (OTCMKTS:WDDMF), has become a preferred supplier of medical cannabis to the myHSA program in Canada. Around 51,000 people take part in this program. myHSA operates a digital wellness and reimbursement program with the help of more than 8,500 employers. The digital platform of myHSA provides an easy to navigate and interactive menu.

Employers ensure healthy living of employees

Several employers have recognized the need for ensuring healthy living for their employees. Chief Executive Officer of WeedMD, Angelo Tsebelis, said the company is excited to enter into a pact with myHSA because it looks for access to quality cannabis for more than 51,000 participating members. The eligible participants of myHSA can now access the patient portals of WeedMD and the full patient medical cannabis program. myHSA’s participants can claim reimbursement.

Top-quality products to employees

Chief Executive Officer of myHSA, Tim Kane, said the company needs to ensure that its employees are in full control of their wellness journey. Hence, it partners with Starseed, which offers high-quality cannabis products, to provide top-quality products to its employees. The company has developed a platform that allows the participants to prudently spend their dollars on wellness benefits.

Receives award for best places to work 2020

WeedMD has received an award from the London Inc. Magazine for best places to work in 2020 among the largest businesses. Editor and founder of London Inc. Magazine, Gord Delamont, said these awards are presented to employers in the Southwestern Ontario region in recognition of their efforts to creating the best working environment. It congratulates WeedMD for promoting a trusted and positive work environment that motivates the employees to produce quality products.

Shareholders give nod for $25 million investment

WeedMD is pleased to announce that its shareholders gave the nod for the subscription receipts exercise from LiUNA pension of Eastern and Central Canada and the private placement for $25 million gross proceeds. Hence, the subscription receipts will be converted into 23.079 million common shares of WeedMD. Executive Chairman of WeedMD, George Scorsis, said the shareholders’ approval and for the equity investment of $25 million has strengthened the balance sheet.

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Innovative Industrial Properties Inc (NYSE:IIPR) Acquires Toledo, Ohio processing facility And Leases Back To Green Thumb Industries Inc (OTCMKTS:GTBIF)

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Innovative Industrial Properties Inc (NYSE:IIPR) has acquired Toledo, Ohio processing facility from Green Thumb Industries Inc (OTCMKTS:GTBIF) in a deal valued at $2.9 million. The company will lease back the facility to Green Thumb under a long term accord. Green Thumb will continue to operate the facility.

Green Thumb to improve production capacity

Green Thumb will make improvements to the facility to enhance the manufacturing facility. In return, Innovative Industrial will make a payment of up to $4.3 million. Therefore, Green Thumb will receive a total amount of $7.2 million from Innovative Industrial. It is the second transaction of Innovative Industrial with Green Thumb. The company already purchased and leased back property that comprises cannabis cultivation/ processing facility based in Danville, Pennsylvania to Green Thumb in November 2019.

Uses funds for capacity expansion

Chief Executive Officer and founder of Green Thumb, Ben Kovler, said Innovative Industrial offers a real estate solution, which is flexible, to meet its expansion requirements at the Toledo processing facility. Green Thumb will use the funds for capacity expansion and strategic initiatives.

Green Thumb operates four Rise Stores

Green Thumb also owns and manages four Rise stores in Lorain; Cleveland; Lakewood; and Ohio in Toledo. The company expects to inaugurate another store in Lakewood in Q1 2020. It already commenced sales of medical cannabis in Ohio last year. The company maintains a patient base of 80,000 as of December 2019. More than eight thousand caregivers are registered in the medical cannabis program in the state. It has clocked sales of $60 million in the first year. Green Thumb is dedicated to ensuring well being of the patients by providing safe and high-quality cannabis products.

Chief Executive Officer and President of Innovative Industrial, Paul Smithers said the company is pleased to join forces again with Green Thumb as a real estate partner for the medical cannabis processing facility of Green Thumb. Innovative Industrial is pleased with the commitment and strength of Green Thumb to local communities. According to Green Thumb, over two hundred equity applicants took part in its LEAP (Social Equity Licensing Education Assistance Program).   The branded cannabis products of Green Thumb comprise Rhythm, Dog Walkers, Incredibles, Beboe, and the Feel Collection.

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