VANCOUVER: CannAmerica Brands Corp. entered into a long-term licensing agreement and brand partnership with Arsenal Oils and Extracts under which Arsenal will have an exclusive license to manufacture and distribute CannAmerica branded products and Live Labs in Colorado. “We are pleased to announce that with this agreement CannAmerica branded products will not only be more…
Lotus Ventures and Kolab Project launch new cannabis flower offering in Canada
VANCOUVER: Lotus Ventures Inc. and Kolab Project announced the launch of Kolab Project cannabis flower in select licensed retailers across Canada. Kolab Project Kalifornia is a heavy-hitting Indica-dominant strain, which is the result of a unique collaboration between Kolab Project, a cannabis brand owned by Auxly Cannabis Group Inc. and Lotus Cannabis Co., the consumer…
Songa Container appoints James Buck as its Chief Executive Officer
OSLO: Songa Container has announced the appointment of James Buck as its Chief Executive Officer, effective as of 1 September 2020. Buck brings with him 20 years’ experience in the container sector, a career spanning from Europe to Asia. Initially entering the market on the liner side with Maersk, he went on to hold senior…
Cloudberry Clean Energy to purchase hydropower plant in Norway
OSLO: Cloudberry Clean Energy AS has signed a Share Purchase Agreement (SPA) to purchase 100% of Åmotsfoss Kraft AS, a hydropower plant currently being constructed in Nissedal municipality in Norway, a news release said. It is expected an annual production of 22.5 GWh. Financial closing is scheduled for end-August 2021. Cloudberry is a Nordic renewable…
Medicare advantage insurance market segment’s strong earnings continue
NEW YORK: Driven by some of the segment’s largest health insurers, the U.S. Medicare Advantage (MA) insurance segment continued its strong earnings trend in 2019, increasing by 58% year over year to $7.1 billion. The Best’s Special Report, titled, “US Health: Favorable Underwriting Gains for Medicare Advantage,” notes that annual premiums growth has averaged nearly…
INVNT Group appoints Claudia Stephenson as Managing Director in EMEA
LONDON: INVNT GROUP has recruited Claudia Stephenson as new Managing Director for EMEA, a move that has been fuelled by increased demand for the Group’s multi-disciplinary offering amid the pandemic. An excellent communicator with long-standing client relationships across sectors including tech, gaming, HR and healthcare, Stephenson joins from Freeman and brings 20 years’ experience to…
Nostra Terra acquires producing oil and gas assets
LONDON: Nostra Terra Oil & Gas Company has announced the acquisition of a 100% working interest in the Caballos Creek Oil Field, a producing oil field with additional development opportunity in Atascosa County Texas. The primary assets are shallow, vertical oil wells producing 30 bopd gross (22 bopd net of royalties) with further development potential….
Restaurant Brands New Zealand acquires 69 KFC and Taco Bell stores in California
SYDNEY: Restaurant Brands New Zealand Limited (RBD) announced that it had received consent from KFC and Taco Bell for the purchase of 58 KFC stores and 11 multibrand KFC and Taco Bell stores, together with a head office facility in Southern California, USA from an existing franchisee. RBD announced the settlement of this acquisition was…
Ardurra Group acquires Constantine Engineering
TAMPA: Ardurra Group Inc. has acquired and merged with Constantine Engineering Inc., a multi-discipline engineering firm specializing in the Water, Wastewater, and Public Works markets. Ardurra Group is an Engineering News-Record Top 500 firm that provides consulting and engineering services to public and private entities throughout the United States. With the addition of Constantine, Ardurra…
Saint-Gobain acquires Strikolith in the Netherlands
LONDON: Saint-Gobain has announced the acquisition of Strikolith in the Netherlands, a company specialized in the production of external insulation systems, interior finishings and renovation products and solutions. In 2019, Strikolith achieved sales of close to €20 million. It employs about 50 people at one production site in the Netherlands. The complementarity of Strikolith with…
Zoetic International exits from the oil and gas business
LONDON: Zoetic International has agreed to sell its remaining interest in its oil and gas assets located in Colorado, USA against a consideration of $376,000, a news release said. The disposal consists of assets referred to previously as the “East Denver” interests. The assets subject to the sale include a 7.5 per cent working interest…
Gentrack appoints Gary Miles as Chief Executive Officer
SYDNEY: Gentrack Group Ltd announced the appointment of Gary Miles as Chief Executive Officer, commencing October 01, 2020. Miles’ appointment follows an extensive global executive search to identify candidates with enterprise software and cloud native experience to lead Gentrack into its next phase as a leading provider of SaaS solutions for utilities and airports. Acting…