IIP

ACE Venture Enterprises, Inc. Announces Planned Acquisition of Vireo Health of New York from Goodness Growth Holdings

Retrieved on: 
Tuesday, April 2, 2024
War on drugs, Goodness, Organization, New Yorker, War, Growth, IIP, Marketing, Television

NEW YORK and MINNEAPOLIS, April 01, 2024 (GLOBE NEWSWIRE) -- ACE Ventures, LLC (“Ace”), a minority-owned business in the State of New York, Ace’s corporate partner, Ace Venture Enterprises, Inc. and Goodness Growth Holdings, Inc. ("Goodness Growth") (CSE: GDNS; OTCQX: GDNSF), today announced that they have executed a binding term sheet whereby Ace plans to acquire assets of Goodness Growth Holdings subsidiary, Vireo Health of New York (“VireoNY”), pending the satisfaction of closing conditions, including secured capital commitments and regulatory approval.

Key Points: 
  • Ace has agreed to assume VireoNY’s financial liabilities, including its operating losses, beginning on April 1, 2024.
  • These activities are expected to be supported initially by a $2.5 million unsecured loan from Goodness Growth to VireoNY.
  • Goodness Growth and Ace anticipate regulatory approval for the transfer of the New York licenses, as well as closing of the VireoNY transaction, to occur by June 30, 2024.
  • Steven Acevedo commented, “We are thrilled to reach this agreement with Goodness Growth and are excited to enter New York’s cannabis industry.

Innovative Industrial Properties Declares First Quarter 2024 Dividends

Retrieved on: 
Friday, March 15, 2024
Alternative Medicine, Cannabis, Health, Commercial Building & Real Estate, Natural Resources, Construction & Property, REIT, IIP, Holding company

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a first quarter 2024 dividend of $1.82 per share of common stock.

Key Points: 
  • Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a first quarter 2024 dividend of $1.82 per share of common stock.
  • The common stock dividends declared for the last twelve months total $7.24 per common share.
  • Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP’s 9.00% Series A Cumulative Redeemable Preferred Stock.
  • The dividends are payable on April 15, 2024 to stockholders of record at the close of business on March 28, 2024.

argenx Reports Full Year 2023 Financial Results and Provides Fourth Quarter Business Update

Retrieved on: 
Thursday, February 29, 2024
DGF, Neonatal Fc receptor, ALS, Congenital myasthenic syndrome, CMS, CIDP, MMN, Alfa Romeo, IIP, IL-6, FDA, Inflammation, MHLW, PDUFA, Euronext, Neurology, MuSK protein, Kidney, ARDA, Health care, C2, GMG, Ministry of Health, Dermatomyositis, Patient, Efgartigimod alfa, MHRA, Medicine, Multifocal motor neuropathy, Immune system, Pharmaceutical industry

“argenx reached thousands of new patients and their families in 2023 by delivering on our commitment to make VYVGART available to the global MG community,” said Tim Van Hauwermeiren, Chief Executive Officer of argenx.

Key Points: 
  • “argenx reached thousands of new patients and their families in 2023 by delivering on our commitment to make VYVGART available to the global MG community,” said Tim Van Hauwermeiren, Chief Executive Officer of argenx.
  • Clinically, we generated significant data through multiple study readouts, achieving key milestones for both the CIDP and MMN patient communities and importantly advancing our second molecule, empasiprubart.
  • Looking forward to 2024, we will act with a continued sense of purpose to expand our patient reach.
  • In addition, argenx is evaluating ARGX-119, a muscle-specific kinase (MuSK) agonist in both congenital myasthenic syndrome (CMS) and amyotrophic lateral sclerosis (ALS).

U.S. Physical Therapy Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 28, 2024
Surgery, Hospitals, Health, Physical Therapy, Managed Care, Acquisition, Alternative, Hospital, Operating cost, Weather, Annual report, IIP, Interest, ID, Sale, Government, Primary, Adjustment, Economy, Income tax, GAAP, COVID-19, Medicare, Health information technology, Privacy, Security (finance), Rehabilitation, Injury, Risk, Corporation, Failure, Accountability Act, Environment, Pharmaceutical industry

The gross profit margin from IIP operations increased to 21.2% in the Fourth Quarter 2023 from 17.9% in the Fourth Quarter 2022.

Key Points: 
  • The gross profit margin from IIP operations increased to 21.2% in the Fourth Quarter 2023 from 17.9% in the Fourth Quarter 2022.
  • Operating loss was $0.9 million for the Fourth Quarter 2023 compared to operating income of $6.8 million for the Fourth Quarter 2022.
  • Total other income (expense), net, was $1.0 million in the Fourth Quarter 2023 compared to ($2.2) million in the Fourth Quarter 2022.
  • Non-GAAP Adjusted EBITDA increased $1.1 million to $19.0 million for the Fourth Quarter 2023 from $17.9 million for the Fourth Quarter 2022, while non-GAAP Operating Results increased $1.3 million to $8.9 million, or $0.59 per share, in the Fourth Quarter 2023 from $7.5 million, or $0.58 per share, in the Fourth Quarter 2022.

Innovative Industrial Properties Reports Fourth Quarter and Full-Year 2023 Results

Retrieved on: 
Monday, February 26, 2024
REIT, Cannabis, Natural Resources, Commercial Building & Real Estate, Construction & Property, Acquisition, Collection, FFO, Loan agreement, LP, Total, Note, IIP, Investment, ATM, Renting, Debt-to-GDP ratio, Tenant, Loan, Letter, Line of credit, GAAP, Judgement, Pleasanton Unified School District, Webcast, Tax, Normalization, Vertical, Credit, Partnership, Property management

Issued shares of common stock under IIP’s “at-the-market” offering program (ATM Program) for net proceeds of approximately $9.6 million.

Key Points: 
  • Issued shares of common stock under IIP’s “at-the-market” offering program (ATM Program) for net proceeds of approximately $9.6 million.
  • Executed a new lease with a tenant at one of IIP’s retail properties in Michigan that was previously leased to Green Peak.
  • Industrial (cultivation and/or processing), retail (dispensing) and combined industrial/retail represent 92%, 2% and 6% of the operating portfolio, respectively.
  • Innovative Industrial Properties, Inc. will conduct a conference call and webcast at 10:00 a.m. Pacific Time (1:00 p.m. Eastern Time) on Tuesday, February 27, 2024 to discuss IIP’s financial results and operations for the fourth quarter and year ended December 31, 2023.

With Digital Identity and Fraud Set to Take Center Stage at Mobile World Congress 2024, The Mobile Phone Number is Having its Moment

Retrieved on: 
Thursday, February 15, 2024
Networks, Internet, Security, Data Management, Technology, IIP, Information services, MWC, Life, Fintech, History, IDS, City centre, Ford, Metadata, Privacy, Iconectiv, Mobile World Congress

The pervasiveness of digitization across consumers’ personal and professional lives—from mobile banking to healthcare to e-commerce—is highly dependent on their digital identity.

Key Points: 
  • The pervasiveness of digitization across consumers’ personal and professional lives—from mobile banking to healthcare to e-commerce—is highly dependent on their digital identity.
  • At the epicenter of digital identity lies the phone number.
  • While an individual’s digital identity is comprised of several data points or signals, the phone number has globally cemented itself as the key personal identifier, especially with number portability enabling people to keep their phone number for life.
  • One report shows that this year mobile phone numbers will become the primary source of identity for more than 3 billion people.

New Jersey Resources Reports Fiscal 2024 First-Quarter Results; Increases Net Financial Earnings Guidance for Fiscal 2024

Retrieved on: 
Tuesday, February 6, 2024
Other Energy, Utilities, Oil, Gas, Transport, Alternative Energy, Energy, Other Transport, Storm, File, SREC, BPU, GAAP, IIP, TREC, BGSS, Operation, Safety, CEV, Public expenditure, Carbon, Investment, Weather, Depreciation, NJR, Electricity, Capital expenditure, Coal

NJNG reported first-quarter fiscal 2024 NFE of $51.4 million, compared to NFE of $54.7 million during the same period in fiscal 2023.

Key Points: 
  • NJNG reported first-quarter fiscal 2024 NFE of $51.4 million, compared to NFE of $54.7 million during the same period in fiscal 2023.
  • NJNG added 2,129 new customers during the first quarter of fiscal 2024, compared with 2,132 in the first quarter of fiscal 2023.
  • CEV reported first-quarter fiscal 2024 NFE of $10.5 million, compared with a net financial loss of $(3.6) million during the same period in fiscal 2023.
  • Home Services and Other Operations reported a first-quarter fiscal 2024 net financial loss of $(0.6) million, which was consistent with a net financial loss of $(0.03) million for the same period in fiscal 2023.

Star Refrigeration celebrates 17th National Apprenticeship Week

Retrieved on: 
Monday, February 5, 2024
Marketing, Life, Celebration, IIP, Refrigeration, Skills for Life, Young People, Star, Social media, Heat, Engineering, Workforce, Hatmaking

LONDON, Feb. 5, 2024 /PRNewswire-PRWeb/ -- Star Refrigeration will once again take part in National Apprenticeship Week, which will run from 5th – 11th February 2024. This year's theme is 'Skills For Life' and aims to unite employers, training providers, apprentices, colleges and everyone passionate about apprenticeships, to celebrate the benefits and opportunity that they bring.

Key Points: 
  • LONDON, Feb. 5, 2024 /PRNewswire-PRWeb/ -- Star Refrigeration will once again take part in National Apprenticeship Week, which will run from 5th – 11th February 2024.
  • Astrid Prado, Head of Marketing at Star Refrigeration, said, "This National Apprenticeship Week, we celebrate our longstanding tradition of welcoming apprentices and supporting their journey toward becoming the leaders of tomorrow.
  • Astrid Prado, Head of Marketing at Star Refrigeration, said, "This National Apprenticeship Week, we celebrate our longstanding tradition of welcoming apprentices and supporting their journey toward becoming the leaders of tomorrow.
  • To find out more about Star's apprenticeships or to apply, visit Engineering Apprenticeships | Star Refrigeration (star-ref.co.uk)
    To find out more information on National Apprenticeship Week 2024 – Skills for Live, visit Home - National Apprenticeship Week 2024, 5th - 11th February 2024 (appawards.co.uk)

Deriv Achieves Prestigious Platinum Accreditation by Investors In People

Retrieved on: 
Friday, January 26, 2024
Platinum, Gold, 127th, IIP, Accreditation, Job evaluation, Property management

CYBERJAYA, Malaysia, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Deriv, one of the world’s largest online trading platforms, has been awarded Investors In People’s prestigious Platinum accreditation recognising its exemplary commitment to its people.

Key Points: 
  • CYBERJAYA, Malaysia, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Deriv, one of the world’s largest online trading platforms, has been awarded Investors In People’s prestigious Platinum accreditation recognising its exemplary commitment to its people.
  • IIP ranked Deriv 5th in the finance and insurance sector among companies of similar size and 127th among all accredited organisations.
  • The Platinum accreditation substantiates Deriv’s consistent commitment to building an engaged, high-performing workforce as well as its first-rate organisational culture and people practices.
  • Seema Hallon, Chief Human Resource Officer at Deriv, expressed her delight over this achievement: “The Platinum IIP Accreditation is not just an accolade.

Innovative Industrial Properties Announces Tax Treatment of 2023 Distributions

Retrieved on: 
Friday, January 26, 2024
Commercial Building & Real Estate, Construction & Property, Natural Resources, Specialty, REIT, Other Natural Resources, Cannabis, Retail, IIP, Capital gain

These amounts are a subset of, and included in, Taxable Ordinary Dividend amounts.

Key Points: 
  • These amounts are a subset of, and included in, Taxable Ordinary Dividend amounts.
  • The common stock distribution with a record date of December 29, 2023 will be a split-year distribution, with $0.83 allocable to 2023 for federal income tax purposes and $0.99 allocable to 2024 for federal income tax purposes.
  • As previously disclosed by IIP on January 26, 2023 in its press release announcing the tax treatment of 2022 dividends, the common stock distribution with a record date of December 30, 2022 was a split-year distribution, with $0.33 allocable to 2022 for federal income tax purposes and $1.47 allocable to 2023 for federal income tax purposes, and the 9.00% Series A Cumulative Redeemable Preferred Stock distribution with a record date of December 30, 2022 was allocable entirely to 2022 for federal income tax purposes.
  • Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of IIP’s distributions.