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Day: January 26, 2021

BurgerFi Celebrates 10th Anniversary

Restaurants to Offer $10 TriFi Meal (Cheeseburger, Fries & Beer) to CelebratePaying homage to the first location, Lauderdale-by-the-Sea will recognize February 5th as BurgerFi DayPALM BEACH, Fla., Jan. 26, 2021 (GLOBE NEWSWIRE) — “RedeFining” the way the world eats burgers for a decade, BurgerFi International Inc. (Nasdaq: BFI, BFIIW), is celebrating its 10th anniversary on February 5, 2021. The better-burger restaurant is coming off an exciting year of growth having ended the year by becoming a publicly traded company on the Nasdaq stock exchange and being named QSR Magazine’s Breakout Brand of the Year.“BurgerFi’s foundation, concept and core values are a few of the many factors that continue to keep the brand thriving for the last ten years,” says Ophir Sternberg, Executive Chairman of BurgerFi. “While the journey started...

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Summit State Bank Reports Record Earnings, a 62% Increase in Net Income to $10,517,000 for 2020 and Declaration of Dividend

SANTA ROSA, Calif., Jan. 26, 2021 (GLOBE NEWSWIRE) — Summit State Bank (Nasdaq: SSBI) today reported record net income for the year ended December 31, 2020 of $10,517,000 and diluted earnings per share of $1.73. This compares to net income of $6,477,000 and diluted earnings per share of $1.07 for the year ended December 31, 2019. Additionally, a quarterly dividend of $0.12 per share was declared for common shareholders.DividendThe Board of Directors declared a $0.12 per share quarterly dividend on January 25, 2021 to be paid on February 19, 2021 to shareholders of record on February 12, 2021.Net Income and Results of OperationsFor the year ended December 31, 2020, Summit State Bank (“Bank”) had net income of $10,517,000 and diluted earnings per share of $1.73 compared to net income of $6,477,000 and $1.07 diluted earnings per share...

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Pacific Financial Corp Earns $3.8 Million, or $0.37 per Diluted Share, for the Fourth Quarter of 2020; Declares Quarterly Cash Dividend of $0.13 per Share

ABERDEEN, Wash., Jan. 26, 2021 (GLOBE NEWSWIRE) — Pacific Financial Corporation (OTCQX: PFLC), (“Pacific Financial” or the “Company”), the holding company for Bank of the Pacific (the “Bank”), today reported net income of $3.8 million, or $0.37 per diluted share for the fourth quarter of 2020, compared to $3.4 million, or $0.32 per diluted share for the fourth quarter of 2019, and $3.9 million, or $0.37 per diluted share for the third quarter of 2020.  For the year ended December 31, 2020, net income was $11.4 million, or $1.07 per diluted share, compared to $13.8 million, or $1.29 per diluted share, for the year ended December 31, 2019.  All results are unaudited. The board of directors of Pacific Financial declared a quarterly cash dividend of $0.13 per share on January 20, 2021.  The dividend will be payable on February 24, 2021,...

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Adamis Pharmaceuticals Provides Update On Its US Compounding Business

SAN DIEGO, Jan. 26, 2021 (GLOBE NEWSWIRE) — Adamis Pharmaceuticals Corporation (NASDAQ: ADMP) today announced that it has entered into a non-binding letter of intent with a potential buyer for sale of substantially all of the assets of its US Compounding Inc. (USC) subsidiary. Under the terms described in the letter of intent, the buyer would agree to acquire substantially all of the assets of US Compounding in exchange for a total gross consideration that could range from approximately $10-20 million, before transaction fees and expenses and other potential post-closing adjustments.If a transaction is negotiated, reflected in definitive agreements entered into by the parties, and completed, the proposed purchase price consideration includes a combination of a cash payment at the closing of the transaction, a promissory note representing...

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One80 Intermediaries Expands Public Entity Offerings With Acquisition of Corieri and Associates, Inc.

BOSTON, Jan. 26, 2021 (GLOBE NEWSWIRE) —  One80 Intermediaries (One80), a national wholesale broker, program manager, third-party administrator (TPA), and insurance aggregator headquartered in Boston, today announced that it has acquired Corieri and Associates, Inc., a New York-based program administrator that specializes in property and casualty insurance for public entities throughout the states of New York and Pennsylvania. Terms of the deal were not disclosed.Founded in 1987 and based in Garden City, New York, Corieri and Associates (C&A) provides multiple property and casualty structures to fit the ever-changing requirements of the public entity marketplace. Products include primary packages and excess insurance, self-insured retentions, and deductible structures.“One80 has provided an expansive suite of insurance products...

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Jushi Holdings Inc. Acquires Remaining Equity Interests in Agape Total Health Care Inc, a Pennsylvania Medical Marijuana Dispensary Permit Holder

Jushi Has Now Become the 100% Equity Owner of All of Its Retail and Grower-Processor Subsidiaries in Pennsylvania, Illinois, and VirginiaCurrently Operates 16 Stores NationallyHolds the Rights to Open an Additional 16 Stores Nationally and Expects to Open 10 to 12 Stores in 2021BOCA RATON, Fla., Jan. 26, 2021 (GLOBE NEWSWIRE) — Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCMKTS: JUSHF), a vertically integrated, multi-state cannabis operator, announced it completed the acquisition of the remaining 20% of the equity interests of Agape Total Health Care Inc (“Agape”), a Pennsylvania dispensary permittee. The Company now owns 100% of the equity interests in Agape, which operates one retail location in Reading, Pennsylvania with plans to open two additional locations, one in Philadelphia and one in Pottsville. In total,...

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TraQiQ makes big bet on Machine learning by acquiring Kringle, Leader in Loyalty, Rewards and Data analytics.

Bellevue WA and Santa Monica CA, Jan. 26, 2021 (GLOBE NEWSWIRE) — TraQiQ, Inc. (OTC QB: TRIQ) (the “Company” or “TraQiQ”), a FinTech company delivering deeply targeted technology solutions for customer management, transaction management & fulfillment announced today that it has acquired Rohuma LLC, a California based Software company behind the Kringle Suite of Loyalty, M-Commerce and Analytics products.The Kringle loyalty platform is a Mobile First product for Enterprises equipped with features like multi-tiered E-Wallets that accept and transfer Points, Cash and Tokens. In addition, there is a Loyalty engine that analyzes customers’ omni-channel transactions and behaviors to create meaningful insights and actions. Using world leading AI for digital commerce, Kringle can deliver real time, automated...

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BW Energy: Issuance of Private Placement Shares

ISSUANCE OF PRIVATE PLACEMENT SHARESNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF ANERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA) (THE “UNITED STATES”), AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE’S REPUBLIC OF CHINA 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.Reference is made to the stock exchange notice by BW Energy Limited (“BW Energy” or the “Company”) on 21 January 2021 announcing the successful completion of a private placement or 23,690,000 new shares at a...

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Dakota Territory Resource Corp Announces Black Hills Property Acquisition

Lead, South Dakota, Jan. 26, 2021 (GLOBE NEWSWIRE) — Dakota Territory Resource Corp (OTCQB: DTRC) (“Dakota Territory” or the “Company”), is pleased to announce that the Company has substantially increased its land holdings in the Homestake District of the Black Hills of South Dakota through the staking of 158 unpatented lode mining claims covering approximately 2,740 acres.  The acquisition has been based on continuing analysis of the Company’s historic data sets coupled with new insights derived from the Company’s district-scale airborne geophysical survey flown during the summer of 2020.Dakota Territory’s most recent work has increased the acreage of three of the Company’s existing project areas.  At the west side of the Homestake District, the Tinton property has been extended to the north and northwest...

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