Lifestyle and Luxury Portfolio Expands as Modus by PM Hotel Group Chevy Chase, Md, Jan. 18, 2022 (GLOBE NEWSWIRE) — PM Hotel Group, one of the US’ leading hotel management companies, today announces its merger with Modus Hotels. The company’s expanded lifestyle portfolio will combine Modus’ proven operational excellence and diverse lifestyle properties with PM Hotel Group’s proven record of success. Together the union will deliver extraordinary hospitality experiences for guests while driving performance and maximizing profitability for owners. “Our approach and values have been aligned with Modus’ for years. The opportunity now to join together to harness our combined talent, teamwork and expertise positions us to scale while raising the overall level of service excellence for our guests,” said Joseph Bojanowski, president of...

Gig Harbor, Washington , Jan. 18, 2022 (GLOBE NEWSWIRE) — Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has closed on a 138 unit entitled apartment site in Port Orchard, WA for $1,455,000. Located in Kitsap County, Washington, the Bridgeview project is a future 138 unit, 3-story garden style apartment complex scheduled to begin construction in April 2022. The project is ideally located within a 15-minute drive to both the Southworth and Bremerton ferries to the Seattle core job market and is a short drive to the Kitsap Naval Base, a major contributor to a robust defense economy with approximately 40,000 employees tied to the...

CAMBRIDGE, Mass., Jan. 18, 2022 (GLOBE NEWSWIRE) — ContinuServe has announced a new M&A consortium of 14 partnering service providers that work together to deliver comprehensive, structured merger and acquisition (M&A) transaction services that individually would not be possible. ContinuServe’s M&A Consortium is working behind the scenes to bring forth a playbook of services among the providers that create efficiencies and streamline transactions. Each firm has a concerted focus on private equity and has proven solutions for M&A transactions. Consortium partners include ADP, ContinuServe, Fortium Partners, Globalization Partners, Lancor, Lockton, Oracle/NetSuite, Optimus, PMC Treasury, Risk International, Resourcive, Symphony and West Monroe. “By bringing together a holistic set of services to private equity...

Companies covered in the pet food market report are Mars Incorporated (Virginia, U.S.), Nestle S.A. (Vevey, Switzerland), The J.M. Smucker Company (Ohio, U.S.), Colgate-Palmolive Company (New York, U.S.), General Mills, Inc. (Minnesota, U.S.), Diamond Pet Foods (Missouri, U.S.), Heristo AG (Osnabruck, Germany), Tiernahrung Deuerer GmbH (Bretten, Germany), Merrick Pet Care, Inc. (Texas, U.S.), WellPet LLC (Massachusetts, U.S.), and more players profiled. Pune, India, Jan. 18, 2022 (GLOBE NEWSWIRE) — According to Fortune Business Insight, the global pet food market size is expected to gain momentum by reaching USD 136.82 billion by 2028 while exhibiting a CAGR of 4.96% between 2021 to 2028. The ongoing COVID-19 pandemic situation has adversely impacted the market. These disruptions in the supply chain occurred due to a shortage in...

JV to focus on natural gas solutions, which are critical to a zero-emissions future DALLAS-FORT WORTH, Texas and COLUMBUS, Ind., Jan. 18, 2022 (GLOBE NEWSWIRE) — Cummins Inc. (NYSE: CMI) and Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB) today announced that they have closed on Cummins’ acquisition of 50% equity interest in Momentum Fuel Technologies from Rush Enterprises. The joint venture between Rush Enterprises and Cummins will seek to enhance production of near-zero emissions natural gas powertrains by manufacturing Cummins-branded natural gas fuel delivery systems for the commercial vehicle market in North America. The new company combines the strengths of Momentum Fuel Technologies’ compressed natural gas (CNG) fuel delivery systems and Cummins’ powertrain expertise. When powered by renewable natural gas (RNG), using...

– Downstream integration expected to increase margins, reduce volatility, and create access to new markets –– Acquisition expected to be immediately accretive and grow Adjusted EBITDA by $7 million to $9 million annually in 2023 and beyond –– Closing purchase price funded with cash on hand – SACRAMENTO, Calif., Jan. 18, 2022 (GLOBE NEWSWIRE) — Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer of specialty alcohols and essential ingredients, has acquired Eagle Alcohol Company LLC, a leading distributor of specialty alcohols headquartered in St. Louis, Missouri. The acquisition is expected be immediately accretive and grow Adjusted EBITDA by $7 million to $9 million annually in 2023 and beyond, including expected synergies. Eagle specializes in break bulk distribution of specialty alcohols....

NORWOOD, Mass., Jan. 18, 2022 (GLOBE NEWSWIRE) — MariMed, Inc. (OTCQX: MRMD) (“MariMed” or the “Company”), a leading multi-state cannabis operator focused on improving lives every day, today announced it signed a definitive agreement to acquire Green Growth Group, Inc. (“Green Growth”), holder of a provisional Cannabis Craft License in Illinois. The transaction is subject to customary closing conditions and regulatory approvals. Terms of the deal were not disclosed. This transaction will enable MariMed to add cultivation, manufacturing, and distribution to its existing retail cannabis operations in the state. MariMed will bring its full product portfolio of award-winning and top-selling brands, genetics, and products to one of the top cannabis markets in the United States. “This acquisition allows MariMed to be a vertically integrated...

Business combination projected to deliver $350 million in pro forma 2022 revenue $200 million private placement from leading growth and life sciences investors, including Pfizer, will fortify transaction and Sema4 balance sheet Katherine Stueland, CEO of GeneDx and former CCO of Invitae, to join Sema4 as Co-CEO, alongside Eric Schadt, PhD, and become a member of Sema4’s Board of Directors Director Jason Ryan, former CFO of Foundation Medicine, to assume role of Executive Chair of Sema4’s Board of Directors, helping to drive synergy and operational efficiency in the combined company Sema4 to host conference call on January 18, 2022, at 8 a.m. ET STAMFORD, Conn. and MIAMI, Jan. 18, 2022 (GLOBE NEWSWIRE) — Sema4 (Nasdaq: SMFR), an AI-driven genomic and clinical data intelligence platform company, and OPKO Health, Inc. (Nasdaq: OPK)...

JOHANNESBURG, South Africa and VANCOUVER, British Columbia,, Jan. 18, 2022 (GLOBE NEWSWIRE) — AngloGold Ashanti Limited (“AngloGold Ashanti”) (JSE: ANG, NYSE: AU) and Corvus Gold Inc. (“Corvus” or the “Company”) (TSX: KOR, NASDAQ: KOR) are pleased to announce the successful completion of the previously announced plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement”) between Corvus, 1323606 B.C. Unlimited Liability Company (the “Purchaser”) and AngloGold Ashanti Holdings plc (the “Guarantor”). The Purchaser is an indirect wholly owned subsidiary of AngloGold Ashanti and the Guarantor is a direct wholly owned subsidiary of AngloGold Ashanti. Pursuant to the arrangement agreement, dated as of September 13, 2021, by and among Corvus, the Purchaser and the Guarantor, the Purchaser, among other...

Mixed-use property complements company’s existing portfolio in waterfront downtown neighborhood VIRGINIA BEACH, Va. and BALTIMORE, Jan. 18, 2022 (GLOBE NEWSWIRE) — Armada Hoffler Properties, Inc. (NYSE: AHH) (the “Company”) completed the previously announced $246 million acquisition of a 79% interest and additional 11% economic interest in the Exelon building, a prime mixed-use property in Baltimore’s desirable Harbor Point neighborhood. Beatty Development Group retains a 10% ownership position in the Exelon property following the completed transaction. The Exelon property features a 23-story Class A office building with 444,000 square feet of space, 103 multifamily units – the 1305 Dock Street apartments, 38,500 square feet of retail space, and 750 parking spaces. Fortune 100 energy company Exelon currently occupies the office...