Controlled Substances Act

Verano Announces Revised Fourth Quarter and Full Year 2023 Financial Results

Retrieved on:

Friday, March 15, 2024

Growth, Ground substance, Commerce Clause, Capital expenditure, Sale, News, Public expenditure, Table, Bank statement, Commerce, Depreciation, GAAP, Controlled Substances Act, Legislation, Video game

CHICAGO, March 15, 2024 (GLOBE NEWSWIRE) -- Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced revised financial results for the fourth quarter and full year ended December 31, 2023, which were prepared in accordance with U.S. Generally Accepted Accounting Principles (“U.S. GAAP”).

Key Points:

Net loss for the fourth quarter 2023 was $(77) million, or (33)% of revenue, versus a loss of $(216) million in the fourth quarter 2022, and $(18) million for the third quarter 2023.
Net cash provided by operating activities for the fourth quarter 2023 was $32 million, up from $29 million for the fourth quarter 2022.
Capital expenditures for the fourth quarter 2023 were $10 million, up from $9 million for the fourth quarter 2022.
Free cash flow1 for the fourth quarter 2023 was $23 million, up from $20 million for the fourth quarter 2022.

Nextracker and Orrcon Steel to Deliver Sovereign Capability in Australia

Retrieved on:

Thursday, March 14, 2024

The first project scheduled to receive delivery of Australian made steel components from the facility is ACCIONA Energia’s 480MWp Aldoga Solar Farm to be built near Gladstone.

Key Points:

The first project scheduled to receive delivery of Australian made steel components from the facility is ACCIONA Energia’s 480MWp Aldoga Solar Farm to be built near Gladstone.
View the full release here: https://www.businesswire.com/news/home/20240313484617/en/
Nextracker's critical steel components manufacturing facility at BlueScope Steel's Orrcon Steel facility, QLD, Australia (Photo: Nextracker)
Critical steel components will be produced from BlueScope’s steel coil at Orrcon Steel’s Salisbury Tube mill in Brisbane and finished at its Northgate site by Baojia, Nextracker’s global manufacturing partner for delivery to engineering procurement contractors (EPCs).
The new manufacturing facility was officially opened today by Queensland Minister for Energy and Clean Economy Jobs, Mick de Brenni MP; Tania Archibald, Chief Executive BlueScope Australian Steel Products; Tony Schreiber, Chair of the Australian Steel Institute and General Manager of Orrcon Steel; and Peter Wheale, General Manager of Nextracker Australia, Southeast Asia, New Zealand.
According to industry analyst, Rystad, Nextracker is the market leader for solar tracker systems in Australia with 7.45 GWdc installed or under fulfilment in 13.5 GWdc of utility-scale PV assets.

Trina Solar Announces Ownership of TOPCon Technology Patents

Retrieved on:

Wednesday, March 13, 2024

Other Manufacturing, Environment, Engineering, Other Energy, Manufacturing, Alternative Energy, Sustainability, Green Technology, Energy, PERC, Patent, HJT, WIPO, IP, Controlled Substances Act, Renewable energy

Trina Solar, a global leader in smart solar products and solutions, announced its ownership of over 2000 patents, including a significant number of core TOPCon technology patents, in addition to PERC and Heterojunction (HJT) technology patents.

Key Points:

Trina Solar, a global leader in smart solar products and solutions, announced its ownership of over 2000 patents, including a significant number of core TOPCon technology patents, in addition to PERC and Heterojunction (HJT) technology patents.
The patents protect Trina’s intellectual property (IP) rights to critical N-type TOPCon technology used in solar module production and strengthen Trina’s position as the market leader in providing TOPCon products for customers.
Trina’s patents, in both process and structure, for significant core TOPCon technology are unique, and high-efficiency TOPCon modules cannot be produced without the technologies included in Trina’s patents.
We prioritize upholding the integrity of our TOPCon technology and encourage customers to consider IP ownership before they make solar module procurement decisions.”
Patents are legal rights.

JinkoSolar Receives Top Brand PV Award USA 2024

Retrieved on:

Tuesday, April 2, 2024

Research, EUPD, Certification, Controlled Substances Act, Modularity, JinkoSolar, JKS, Renewable energy

SHANGRAO, China, April 2, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it was awarded the Top Brand PV USA seal by EUPD Research.

Key Points:

SHANGRAO, China, April 2, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it was awarded the Top Brand PV USA seal by EUPD Research.
Each year EUPD evaluates a company's performance based off a comprehensive survey carried out among market intermediaries (e.g.
"Congratulations to JinkoSolar for winning the Top Brand PV Award USA 2024.
With great brand recognition and satisfaction among American solar installers, JinkoSolar sets the standard for renewable energy excellence," said Daniel Fuchs, Chief Customer Officer from EUPD Research.

SIAD Americas LLC established by SIAD Macchine Impianti S.p.A.

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Tuesday, March 26, 2024

Asus, Sale, Controlled Substances Act, Plant, CO2, Hydrogen, Safety, Engineering, SIAD, Industrial gas

THE WOODLANDS, Texas, March 26, 2024 /PRNewswire/ -- SIAD Macchine Impianti S.p.A. (SIAD MI), a wholly owned subsidiary of SIAD S.p.A., has announced the formation of SIAD Americas LLC.

Key Points:

THE WOODLANDS, Texas, March 26, 2024 /PRNewswire/ -- SIAD Macchine Impianti S.p.A. (SIAD MI), a wholly owned subsidiary of SIAD S.p.A., has announced the formation of SIAD Americas LLC.
Headquartered in The Woodlands north of Houston, SIAD Americas is providing marketing, engineering, procurement and project management support for the sale throughout the Americas of SIAD's portfolio of engineered equipment.
Leading SIAD's initial expansion into the Americas is Ed Hotard, chairman and CEO of SIAD Americas LLC.
He also has served as senior advisor for more than 15 years to the chairman and CEO of SIAD S.p.A. and the board of directors of SIAD Macchine Impianti.

EDP Renewables North America and Volt Energy Utility Announce Solar Project with Microsoft Focused on Environmental Justice & Resiliency Building

Retrieved on:

Tuesday, March 19, 2024

HOUSTON, March 19, 2024 /PRNewswire/ -- EDP Renewables North America (EDPR NA) and Volt Energy Utility, announced a partnership today launching the development of Hickory Solar Park (Hickory), a 110 MWac photovoltaic (PV) project located near Jerseyville, Illinois. Microsoft has agreed to purchase electricity and renewable energy credits (RECs) for fifteen years from the project. This arrangement drives concrete action toward the three companies' shared commitment to an equitable and just transition of the electric power sector.i

Key Points:

Microsoft has agreed to purchase electricity and renewable energy credits (RECs) for fifteen years from the project.
With this EJ PPA, Hickory will contribute funding to enable the Sharing the Power Foundation to administer funds to mission-aligned programs.
"We are pleased to work with EDP Renewables and Volt Energy in reducing our environmental impact, and helping under-resourced communities build climate resilience," noted Kourtney Nelson, Senior Director of Renewable Energy Procurement, Microsoft.
In addition to the Hickory announcement, Microsoft also recently executed power purchase agreements at EDPR's Wolf Run Solar Park (140MWac, Illinois) and Cattlemen Solar Park II (150MWac, Texas).

Can B Corp. Secures Ownership and Control of Two Cannabis Patents Valued at $122 Million and Potentially in Excess of $750 Million

Retrieved on:

Monday, March 11, 2024

HICKSVILLE, NY, March 11, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Can B Corp., a Florida corporation (OTCQB: CANB) (“Can B”), a health and wellness company specializing in developing, producing and selling hemp-derived cannabinoid products, is pleased to announce that it has secured ownership and control of two cannabis patents that were valued at $122 million, applying a 90% discount and assuming a revenue stream through August 2034, and further based on only CBD claims and only in the U.S. It is believed that if the global THC and CBD markets were added to the valuation, then the value of the patents is potentially up to $750 million.

Key Points:

It is believed that if the global THC and CBD markets were added to the valuation, then the value of the patents is potentially up to $750 million.
These patents were previously awarded to United Cannabis Corporation and recently assigned to Can B by a court procedure.
The patents were valued at $122 million in December 2020 by an independent third-party valuation team, which used a 90% discount rate due to the emerging nature of the industry.
We believe there is a strong opportunity to monetize these patents as they represent important innovations in this industry.

Verano Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on:

Thursday, February 29, 2024

News, Growth, Table, Sale, Commerce, Capital expenditure, Ground substance, GAAP, Webcast, Public expenditure, Legislation, Commerce Clause, Bank statement, Depreciation, Controlled Substances Act, Video game

CHICAGO, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced its financial results for the fourth quarter and full year ended December 31, 2023, which were prepared in accordance with U.S. Generally Accepted Accounting Principles (“U.S. GAAP”).

Key Points:

Net loss for the fourth quarter 2023 was $(73) million, or (31)% of revenue, versus a loss of $(216) million in the fourth quarter 2022, and $(18) million for the third quarter 2023.
Net cash provided by operating activities for the fourth quarter 2023 was $32 million, up from $29 million for the fourth quarter 2022.
Capital expenditures for the fourth quarter 2023 were $10 million, up from $9 million for the fourth quarter 2022.
Free cash flow1 for the fourth quarter 2023 was $23 million, up from $20 million for the fourth quarter 2022.

Inflation Act Spikes Solar Growth for LCR

Retrieved on:

Tuesday, March 5, 2024

Controlled Substances Act, Partnership, MBE, Inflation, Growth, LCR, Renewable energy

ENFIELD, Conn., March 5, 2024 /PRNewswire/ -- Louth Callan Renewables (LCR) launches a long-term partnership with Brooks Construction, the Connecticut based leading civil contractor in the renewable energy industry, to perform the civil construction activities for 45MWs of new solar projects in Maine, Maryland, Delaware, and New York. For every project that LCR grants to Brooks, their MBE status provides government tax incentives that result in additional year over year cost savings of 8.5% to their clients. These projects represent unprecedented growth and new capacity for LCR with launch in March of 2024.

Key Points:

These projects represent unprecedented growth and new capacity for LCR with launch in March of 2024.
"
The Inflation Reduction Act of 2022 has actually amped up growth expectations for solar installation in the next decade.
"These projects are important for repeat utility scale business and we want to be well positioned for rapid growth."
Over 50% of leading solar companies establish three or more partners per project in order to achieve a broad range of benefits.

Healthcare False Claims Act Cases Account for Two-Thirds of Fraud Recoveries in Federal Fiscal Year 2023

Retrieved on:

Wednesday, February 28, 2024

NASHVILLE, Tenn., Feb. 28, 2024 /PRNewswire-PRWeb/ -- The U.S. Department of Justice (DOJ) reported civil fraud recoveries of nearly $2.7 billion in fiscal year (FY) 2023, with two-thirds of those recoveries in the healthcare industry, according to the 12th annual Healthcare Fraud & Abuse Review published today by law firm Bass, Berry & Sims.

Key Points:

In its 12th annual Healthcare Fraud & Abuse Review, Bass, Berry & Sims provides analysis of healthcare fraud enforcement actions and False Claims Act developments probing SCOTUS cases, opioid enforcement and other areas.
-- Brian D. Roark
Qui tam lawsuits filed by whistleblowers under the False Claims Act continue to be a driving force behind the government's civil healthcare fraud enforcement efforts.
Other hot-button issues likely will include the intersection of the False Claims Act with cybersecurity issues and the Controlled Substances Act, among others."
Providers should expect to see Controlled Substances Act compliance and the False Claims Act continue to intersect in enforcement actions.