Month: January 2020

SAN RAMON, Calif., Jan. 21, 2020 (GLOBE NEWSWIRE) — Trumark Companies, a nationally award-winning California developer and homebuilder, today announced it has entered into an agreement with Daiwa House USA Inc., a wholly owned subsidiary of Japan-based Daiwa House Industry Co., Ltd. (OTCMKTS: DWAHF), where Daiwa House USA will acquire 60% of the equity interest in Trumark and will commit to make additional capital contributions as funding to further develop Trumark’s business. Under the new agreement Trumark’s co-founding principals, Michael Maples and Gregg Nelson, retain their current roles as part owners and will lead the company as co-CEOs.“Our new status with Daiwa House is a massive boost to Trumark’s business and positions us for exponential growth,” said Maples. “Together we’ve created...

PGS ASA – CONTEMPLATED PRIVATE PLACEMENT TO COMPLETE REFINANCINGNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.PGS ASA (“PGS” or the “Company”) is pleased to announce that it has received commitments for a four-year term loan B (“TLB”) in a minimum principal amount of USD 489 million and an extension of USD 215 million of its revolving credit facility (“RCF”) by three years from its current expiry date in September 2020. As part of the full refinancing of the Company’s debt maturing in...

CHARLOTTE, N.C., Jan. 21, 2020 (GLOBE NEWSWIRE) — CAVU Resources (CAVR) is excited to announce a Binding Agreement in Principle has been signed between CAVU Resources CEO Bob Silver and Sinacori Builders President and CEO Russell Sinacori.CAVU Resources will acquire 100% of Sinacori Builders for a total amount of $4,700,000.00, on very shareowner friendly, Restricted/non-toxic terms.“The acquisition of Sinacori Builders will give CAVU Resources proven executive leadership, and an immediate source of income and cash flow. Moreover, we anticipate the near-term completion and strategic launch of our social app SoKu, as we continue to position CAVU as a diversified industry leader. We will be announcing our path forward to include incredible business opportunities, which we believe will provide maximum shareholder value....

PUNE, Jan. 21, 2020 (GLOBE NEWSWIRE) — The global Data Center Cooling Market size is projected to reach USD 11.97 billion by 2026. The increasing industrialization across the world will create several growth opportunities for companies operating in this market. According to a report published by Fortune Business Insights, titled “Data Center Cooling Market Size, Share & Industry Analysis, By Product (Air Conditioners, Precision Air Conditioners, Chillers, Air Handling Unit, and Others), By Data Center Type (Large Scale DC, Medium Scale DC, and Small Scale DC), By Cooling Technique (Room-based Cooling, Rack-based Cooling, and Row-based Cooling), By Industry (BFSI, IT and Telecommunication, Manufacturing, Retail, Healthcare, and Others) and Regional Forecast, 2019-2026,” the market size was USD 6.27 billion in 2018...

Transaction Highlights:‘Pure-Play’ Producer and Supplier of Fresh-Cut Fruit Will Be Integrated into Company’s Renaissance Food Group (RFG) SegmentSimply Fresh Fruit’s Existing Relationships in Foodservice and Hospitality Industries Augment RFG’s Retail-Grocery StrengthCalavo Expects Deal to Be Accretive to Fiscal 2020 Operating ResultsSANTA PAULA, Calif., Jan. 21, 2020 (GLOBE NEWSWIRE) — Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global avocado-industry leader and expanding provider of value-added fresh food, today announced that its Renaissance Food Group (RFG) subsidiary has signed a definitive agreement to acquire SFFI Company, Inc. doing business as Simply Fresh Fruit (SFFI).About Calavo Growers, Inc.Calavo Growers, Inc. is a global avocado-industry leader and an expanding provider of value-added fresh...

NEW YORK, Jan. 21, 2020 (GLOBE NEWSWIRE) — Griffin Industrial Realty, Inc. (NASDAQ: GRIF) (“Griffin”) announced that it recently entered into two separate purchase and sale agreements with different sellers to acquire industrial/warehouse buildings of approximately 108,000 square feet and approximately 68,000 square feet, respectively, in Orlando, Florida. The larger of the two buildings is fully leased, whereas the smaller building is mostly vacant. Griffin recently entered the Orlando market when it acquired a fully leased approximately 100,000 square foot industrial/warehouse building in October 2019. Griffin intends to finance the purchase of these two buildings using its line of credit for acquisitions and cash on hand. Closings on these two purchases are each subject to the satisfactory completion of due diligence...

TORONTO, Jan. 21, 2020 (GLOBE NEWSWIRE) — Shawcor Ltd. announced that its pipe coating division has entered into a detailed letter of intent with Europipe valued at approximately C$67 million to provide concrete weight coating services for the Baltic Pipe project, which will transport Norwegian gas to Poland. The definitive contract is expected to be signed by the end of January and is scheduled to be executed from Shawcor’s Leith, Scotland facility commencing in the second quarter of 2020 and continuing to the second quarter of 2021.Shawcor Ltd. is a global energy services company specializing in products and services for the pipeline and pipe services segment of the oil and gas industry and related products for the petrochemical and industrial market. The Company operates through a global network of fixed and mobile manufacturing...

IRVINE, Calif., Jan. 21, 2020 (GLOBE NEWSWIRE) — Smart Cannabis Corp. (OTC PINKSHEETS: SCNA)Smart Cannabis Corp. is pleased to provide further details regarding its acquisition of Budding Botanicals’ CBD and hemp retail sales operations.Budding Botanicals grows, processes, makes, bottles & packages, and sells 100% organic CBD products.  It grows its products indoors organically, and it further uses an organic process to produce its isolate from hemp.  Its business mantra is that it never adds anything unnecessary or non-organic to its CBD and hemp products.  The Company welcomes everyone to visit Budding Botanicals’ website at https://www.buddingbotanicalsca.com/.Heading up Budding Botanicals is Dawn Norby, who founded and built it into a successful retail business striving for an organic niche. [Please...