TheaDesign What I will be sharing today has made me think quite a bit about Mr. Market and its discrepancies. A two-fold dilemma stands before us investors, placing us before bifurcating paths. The case involves two mega-cap stocks, but only one can be justly judged or, in Analyst’s Disclosure: I/we have a beneficial long position in the shares of GOOG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Mumbai: Leading brokerage Ventura Securities Ltd has set a bullish target of Rs 3,801 for Adani Enterprises Ltd’s (AEL) stock, which is a potential upside of 57.8 per cent over the next 24 months. The share of Adani Group’s flagship company is currently trading at Rs 2,409 apiece. In a bull case scenario, the target price rises to Rs 5,748, which would mark an upside of 138.6 per cent, the brokerage said in its note. “We have assumed revenue of Rs 1,66,615 crore (FY24-27E CAGR of 20 per cent) and an EBITDA margin of 20 per cent at an EV/EBITDA of 23.4X, which will result in a bull case price target of Rs 5,748,” said the brokerage. Also Read: Indian Stock Market Closes Flat Amid Range-Bound Trading, Eyes on Q3 Results Adani Enterprises is on a strong growth trajectory, as per the note by Ventura. Over fiscal years 2024 to 2027, its consolidated revenue is expected to grow at a compounded annual growth rate of 17.5 per cent to Rs 1.56 lakh crore. “EBITDA and net margins are projected to expand by 647 basis points to 18.3 per cent and 255 bps to 5.9 per cent, respectively,” it said, adding that “return ratios – RoE and RoIC – are expected to improve by 563 bps to 14.5 per cent and 99 bps to 11.3 per cent, respectively”. According to the note, this growth will be driven by the company’s expansion of airport, solar, and wind turbine businesses, as well as revenue contributions from copper business. The Adani Group’s flagship company is targeting Rs 6.5-7 lakh crore in capital expenditure over the next decade, primarily focusing on airports, data centres, copper, and green hydrogen, Ventura said. “This expansion will be funded through debt, which is expected to lead to an increase in the company’s debt-to-equity and debt-to-EBITDA ratios over the next few years,” it added.Trump chooses Pam Bondi for attorney general pick after Gaetz withdraws
WASHINGTON (AP) — President-elect Donald Trump on Thursday named Pam Bondi, the former attorney general of Florida, to be U.S. attorney general just hours after his other choice, Matt Gaetz, withdrew his name. Bondi is a longtime Trump ally and was one of his lawyers during his first impeachment trial when he was accused — but not convicted — of abusing his power as he tried to condition U.S. military assistance to Ukraine on that country investigating then-former Vice President Joe Biden. She has been a chair at the America First Policy Institute, a think tank set up by former Trump administration staffers. Bondi is from Tampa and spent more than 18 years as a prosecutor. She was Florida’s first female attorney general. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. WASHINGTON (AP) — withdrew Thursday as pick for attorney general amid continued fallout over a that cast doubt on his ability to be confirmed as the nation's chief federal law enforcement officer. The announcement caps a turbulent eight-day period in which Trump sought to capitalize on his decisive election win to force Senate Republicans to accept provocative selections like Gaetz, who had been investigated by the Justice Department before being tapped last week to lead it. The decision could heighten scrutiny on other controversial Trump nominees, including , who faces sexual assault allegations that he denies. “While the momentum was strong, it is clear that my confirmation was unfairly becoming a distraction to the critical work of the Trump/Vance Transition,” Gaetz, a Florida Republican who one day earlier met with senators in an effort to win their support, said in a statement. “There is no time to waste on a needlessly protracted Washington scuffle, thus I’ll be withdrawing my name from consideration to serve as Attorney General. Trump’s DOJ must be in place and ready on Day 1," he added. Hours later, Gaetz posted on social media that he looks “forward to continuing the fight to save our country,” adding, “Just maybe from a different post.” Trump, in a social media post, said: “I greatly appreciate the recent efforts of Matt Gaetz in seeking approval to be Attorney General. He was doing very well but, at the same time, did not want to be a distraction for the Administration, for which he has much respect. Matt has a wonderful future, and I look forward to watching all of the great things he will do!” He did not immediately announce a new selection. Last week, Todd Blanche, Emil Bove and D. John Sauer to senior roles in the department. Another possible contender, Matt Whitaker, The withdrawal, just a week after the pick was announced, averts what was shaping up to be a pitched confirmation fight that would have tested how far Senate Republicans were willing to go to support Trump’s Cabinet picks. The selection of the fierce Trump ally over well-regarded veteran lawyers whose names had circulated as possible contenders stirred concern for the Justice Department's independence at a time when Trump has openly threatened to seek retribution against political adversaries. It underscored the premium Trump to have a disruptor lead a Justice Department that for years investigated and ultimately indicted him. In the Senate, deeply skeptical lawmakers sought more information about Justice Department and congressional investigations into sex trafficking allegations involving underage girls, which Gaetz has denied. Meanwhile, with limited legal experience who has echoed Trump's claims of a weaponized criminal justice system. As Gaetz sought to lock down Senate support, concern over the sex trafficking allegations showed no signs of abating. In recent days, said his clients told House Ethics Committee investigators that Gaetz paid them for sex on multiple occasions beginning in 2017, when Gaetz was a Florida congressman. One of the women testified she saw Gaetz having sex with a 17-year-old at a party in Florida in 2017, according to the attorney, Joel Leppard. Leppard has said that his client testified she didn’t think Gaetz knew the girl was underage, stopped their relationship when he found out and did not resume it until after she turned 18. The age of consent in Florida is 18. "They’re grateful for the opportunity to move forward with their lives,” Leppard said Thursday of his clients. “They’re hoping that this brings final closure for all the parties involved.” Gaetz has vehemently denied any wrongdoing. The Justice Department’s investigation ended last year with no charges against him. Gaetz’s political future is uncertain. He had abruptly resigned his congressional seat upon being selected as attorney general, a move seen as a way to shut down the ethics investigation into sexual misconduct allegations. He did win reelection in November for the new Congress, which convenes Jan. 3, 2025, but he said in his resignation letter last week to House Speaker Mike Johnson that he did not intend to take the oath of office. He transmitted a similar letter to Florida Gov. Ron DeSantis as the state launched a special election process to fill the vacancy. Republicans on the House Ethics Committee declined this week to release the panel's findings, over objections from Democrats in a split vote. But the committee did agree to finish its work and is scheduled to meet again Dec. 5 to discuss the matter. As word of Gaetz's decision spread across the Capitol, Republican senators seemed divided. Oklahoma Sen. Markwayne Mullin, who served with Gaetz in the House, called it a “positive move." Maine Sen. Susan Collins said Gaetz “put country first and I am pleased with his decision.” Others said they had hoped Gaetz could have overhauled the department. Florida Sen. Rick Scott, a close ally of Trump, said he was “disappointed. I like Matt and I think he would have changed the way DOJ is run.” Kentucky Sen. Rand Paul said he hoped that Trump will pick someone “equally as tenacious and equally as committed to rooting out and eliminating bias and politicization at the DOJ.” Gaetz is not the only Trump pick facing congressional scrutiny over past allegations. A detailed investigative police report made public Wednesday shows that a woman told police that she was sexually assaulted in 2017 by Hegseth, the former Fox News host now tapped to lead the Pentagon, after he took her phone, blocked the door to a California hotel room and refused to let her leave. “The matter was fully investigated and I was completely cleared,” Hegseth told reporters Thursday at the Capitol, where he was meeting with senators to build support for his nomination. Associated Press writers Michelle L. Price, Lisa Mascaro, Mary Clare Jalonick and Adriana Gomez Licon contributed to this report.UP Dalit man’s head shaved, paraded over religious conversionStock indexes drifted to a mixed finish on Wall Street Thursday, as some heavyweight technology and communications sector stocks offset gains elsewhere in the market. The S&P 500 fell less than 0.1% after spending the day wavering between small gains and losses. The tiny loss ended the benchmark index’s three-day winning streak. The Dow Jones Industrial Average added 0.1%, and the Nasdaq composite fell 0.1%. Trading volume was lighter than usual as U.S. markets reopened following the Christmas holiday. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, slipped 0.2%. Meta Platforms fell 0.7%, and Amazon and Netflix each fell 0.9%. Tesla was among the biggest decliners in the S&P 500, finishing 1.8% lower. Some tech companies fared better. Chip company Broadcom rose 2.4%, Micron Technology added 0.6% and Adobe gained 0.5%. Health care stocks were a bright spot. CVS Health rose 1.5% and Walgreens Boots Alliance added 5.3% for the biggest gain among S&P 500 stocks. Several retailers also gained ground. Target rose 3%, Ross Stores added 2.3%, Best Buy rose 2.9% and Dollar Tree gained 3.8%. Traders are watching to see whether retailers have a strong holiday season. The day after Christmas traditionally ranks among the top 10 biggest shopping days of the year, as consumers go online or rush to stores to cash in gift cards and raid bargain bins. U.S.-listed shares in Honda and Nissan rose 4.1% and 16.4%, respectively. The Japanese automakers announced earlier this week that the two companies are in talks to combine. All told, the S&P 500 fell 2.45 points to 6,037.59. The Dow added 28.77 points to 43,325.80. The Nasdaq fell 10.77 points to close at 20,020.36. Wall Street got a labor market update. U.S. applications for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years, the Labor Department reported. Treasury yields mostly fell in the bond market. The yield on the 10-year Treasury slipped to 4.58% from 4.59% late Tuesday. Major European markets were closed, as well as Hong Kong, Australia, New Zealand and Indonesia. Trading was expected to be subdued this week with a thin slate of economic data on the calendar. Still, U.S. markets have historically gotten a boost at year’s end despite lower trading volumes. The last five trading days of each year, plus the first two in the new year, have brought an average gain of 1.3% since 1950. So far this month, the U.S. stock market has lost some of its gains since President-elect Donald Trump’s win on Election Day, which raised hopes for faster economic growth and more lax regulations that would boost corporate profits. Worries have risen that Trump’s preference for tariffs and other policies could lead to higher inflation, a bigger U.S. government debt and difficulties for global trade. Even so, the U.S. market remains on pace to deliver strong returns for 2024. The benchmark S&P 500 is up 26.6% so far this year and remains near its most recent all-time high it set earlier this month — its latest of 57 record highs this year. Wall Street has several economic reports to look forward to next week, including updates on pending home sales and home prices, a report on U.S. construction spending and snapshots of manufacturing activity. ___ AP Business Writers Elaine Kurtenbach and Matt Ott contributed. Stock indexes drifted to a mixed finish on Wall Street Large fossil fuel companies would have to pay fees to A Nebraska man is getting title to his home back, Technology stocks led a broad rally on Wall Street Tuesday
Watford boss points at failure to be clinical as two points slip away
A financial planner outlines 4 New Year's resolutions about money that never work, and how to set more realistic goals insteadAMD's flagship Ryzen 9 9950X3D processor will make its grand appearance at CES 2025, but new leaks tease the 16-core, 32-thread X3D beast on CPU-Z, check it out: The upcoming Ryzen 9 9950X3D processor will have the same clock speeds as their non-X3D counterparts, but with some additional stacks of L3 cache through AMD's in-house 3D V-Cache technology. The flagship AMD Ryzen 9 9950X3D processor will feature 16 cores and 32 threads of Zen 5 power, with CPU clocks of up to 5.65GHz (5650MHz) in its engineering sample (ES) form. AMD's new powerhouse Ryzen 9 9950X3D will also retain the same 170W TDP rating that the Ryzen 9 9950X has, but with much more case: 96MB + 32MB for a total of 128MB of L3 cache. This is an additional 64MB of L3 cache for the 9950X3D over the 9950X, so it'll be interesting to see the adoption of this new processor (gamers will want to buy the 9800X3D). AMD will have two Core Complex Dies (CCDs) with each of the CCDs housing 8 cores of Zen 5 + 32MB of dedicated L3 cache (two CCDs = 2 x 32MB L3 cache = 64MB additional L3 cache in total). Meanwhile, one of them will feature an additional 64MB of L3 cache chiplet underneath the CCD to provide 128MB L3 cache, and 144MB of cache coupled with the L2 cache. Unlike previous generations of X3D processors, placing the L3 cache chiplet underneath the CCD allows the cores to be in direct contact with the IHS for improved cooling, which in turrn, allows the CPU to retain the core clocks while unlocking the path for overclocking the Ryzen 9 9950X3D... not long to wait now, with the reveal at CES 2025 early next year.
JERUSALEM — A new round of Israeli airstrikes in Yemen on Thursday targeted the Houthi rebel-held capital and multiple ports, while the World Health Organization's director-general said the bombardment occurred nearby as he prepared to board a flight in Sanaa, with a crew member injured. "The air traffic control tower, the departure lounge — just a few meters from where we were — and the runway were damaged," Tedros Adhanom Ghebreyesus said on social media. He added that he and U.N. colleagues were safe. "We will need to wait for the damage to the airport to be repaired before we can leave," he said, without mentioning the source of the bombardment. U.N. spokesperson Stephanie Tremblay later said the injured person was with the U.N. Humanitarian Air Service. Israel's army later told The Associated Press it wasn't aware that the WHO chief or delegation were at the location in Yemen. Smoke rises Thursday from the area around the International Airport after an airstrike in Sanaa, Yemen. The Israeli strikes followed several days of Houthi launches setting off sirens in Israel. The Israeli military said in a statement it attacked infrastructure used by the Iran-backed Houthis at the international airport in Sanaa and ports in Hodeida, Al-Salif and Ras Qantib, along with power stations, claiming they were used to smuggle in Iranian weapons and for the entry of senior Iranian officials. Israel's military added it had "capabilities to strike very far from Israel's territory — precisely, powerfully, and repetitively." The strikes, carried out more than 1,000 miles from Jerusalem, came a day after Israeli Prime Minister Benjamin Netanyahu said "the Houthis, too, will learn what Hamas and Hezbollah and Assad's regime and others learned" as his military has battled those more powerful proxies of Iran. The Houthi-controlled satellite channel al-Masirah reported multiple deaths and showed broken windows, collapsed ceilings and a bloodstained floor and vehicle. Iran's foreign ministry condemned the strikes. The U.S. military also targeted the Houthis in recent days. The U.N. says the targeted ports are important entryways for humanitarian aid for Yemen, the poorest Arab nation that plunged into a civil war in 2014. Over the weekend, 16 people were wounded when a Houthi missile hit a playground in the Israeli city of Tel Aviv, while other missiles and drones were shot down. Last week, Israeli jets struck Sanaa and Hodeida, killing nine people, calling it a response to previous Houthi attacks. The Houthis also have been targeting shipping on the Red Sea corridor, calling it solidarity with Palestinians in Gaza. The U.N. Security Council has an emergency meeting Monday in response to an Israeli request that it condemn the Houthi attacks and Iran for supplying them weapons. Relatives and friends mourn over the bodies of five Palestinian journalists Thursday who were killed by an Israeli airstrike in Gaza City at the Al-Aqsa Hospital in Deir al-Balah. Meanwhile, an Israeli strike killed five Palestinian journalists outside a hospital in Gaza overnight, the territory's Health Ministry said. The strike hit a car outside Al-Awda Hospital in the built-up Nuseirat refugee camp in central Gaza. The journalists worked for local news outlet Al-Quds Today, a television channel affiliated with the Islamic Jihad militant group. Islamic Jihad is a smaller and more extreme ally of Hamas and took part in the Oct. 7, 2023, attack in southern Israel that ignited the war. Israel's military identified four of the men as combat propagandists and said that intelligence, including a list of Islamic Jihad operatives found by soldiers in Gaza, confirmed that all five were affiliated with the group. Associated Press footage showed the incinerated shell of a van, with press markings visible on the back doors. The Committee to Protect Journalists says more than 130 Palestinian reporters have been killed since the start of the war. Israel hasn't allowed foreign reporters to enter Gaza except on military embeds. Israel banned the pan-Arab Al Jazeera network and accuses six of its Gaza reporters of being militants. The Qatar-based broadcaster denies the allegations and accuses Israel of trying to silence its war coverage, which has focused heavily on civilian casualties from Israeli military operations. Mourners cry Thursday while they take the last look at the body of a relative, one of eight Palestinians killed, during their funeral in the West Bank city of Tulkarem. Separately, Israel's military said a 35-year-old reserve soldier was killed during fighting in central Gaza. A total of 389 soldiers have been killed in Gaza since the start of the ground operation. The war began when Hamas-led militants stormed across the border, killing around 1,200 people, mostly civilians, and abducting about 250. About 100 hostages are still inside Gaza, at least a third of whom are believed to be dead. Israel's air and ground offensive has killed more than 45,000 Palestinians, according to the Health Ministry. It says more than half the fatalities are women and children, but doesn't say how many of the dead were fighters. The offensive caused widespread destruction and hunger and drove around 90% of the population of 2.3 million from their homes. Hundreds of thousands are packed into squalid camps along the coast, with little protection from the cold, wet winter. Also Thursday, people mourned eight Palestinians killed by Israeli military operations in and around Tulkarem in the occupied West Bank on Tuesday, according to the Palestinian Health Ministry. The Israeli military said it opened fire after militants attacked soldiers, and it was aware of uninvolved civilians who were harmed in the raid. Get local news delivered to your inbox!
Letter writers discuss how both Democrats and Republicans are out of touch, corruption in the U.S. government and line items in the federal spending bill. 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Who are they and why now? Need a cuddle? Check out America’s first CuppaPug caféGeorgia quarterback Carson Beck on Saturday announced his plans to enter the NFL draft, five days after having season-ending elbow surgery . Beck, a fifth-year senior, made his NFL plans official on social media. He suffered a right elbow injury in the first half of the Bulldogs’ 22-19 overtime win over Texas in the Southeastern Conference championship game on Dec. 7 in Atlanta. Beck had surgery on Monday to repair his ulnar collateral ligament in the elbow. The procedure was performed by Dr. Neal ElAttrache in Los Angeles. Beck is expected to begin throwing next spring. He could have returned for a sixth season but instead will enter the NFL draft. Beck posted on Instagram: “The past five years at the University of Georgia have been nothing short of a dream come true and I will forever cherish the memories that have been made.” Gunner Stockton, who took over for Beck in the second half against Texas, will make his first start for Georgia on Wednesday in the Sugar Bowl against Notre Dame in the College Football Playoff quarterfinals. Beck has started every game of the 2023 and 2024 seasons. He was 24-3 as a starter. Beck passed for 3,941 yards with 24 touchdowns and only six interceptions in 2023 but had more difficulties with turnovers this season as he passed for 28 touchdowns with 12 interceptions. He completed 7 of 13 passes for 56 yards before his injury in the SEC championship game. Georgia coach Kirby Smart stuck with Beck despite a midseason string of eight interceptions in three games. “Obviously, you look at the stats and they aren’t the same stats as the year before,” offensive coordinator Mike Bobo said Saturday when reflecting on Beck's career. “The goal in this league is to win the SEC championship. And he was the quarterback of that team that got us to that game and put us in that position.” Added offensive guard Tate Ratledge: “I think Carson should be remembered as a great player. He’s who got us to this point of the season.” Stockton, a sophomore, completed 12 of 16 passes for 71 yards with one interception against Texas. He signed with Georgia as a highly recruited in-state player from Rabun County High School, where he broke Trevor Lawrence's state high school record for most career touchdown passes and Deshaun Watson's state record for combined rushing and passing touchdowns in a career. “Obviously when he was in high school, he was one of the best to ever do it in Georgia,” Bulldogs linebacker Chaz Chambliss said of Stockton before adding that he “just has that fire in him.” Georgia was preparing to start Stockton before announcing Beck's season-ending injury. Stockton will attempt to join a short list of quarterbacks who have been promoted from backup jobs to win national championships. The list includes Georgia's Stetson Bennett, who began the 2021 season as the backup to JT Daniels before taking over the starting job in October. Lawrence took over for Kelly Bryant during Clemson's 2018 championship season. The best comparison to Stockton's challenge during the CFP era may be Cardale Jones on the 2014 Ohio State national championship team. Jones' first start was the Big Ten championship game following an injury to J.T. Barrett, who began the preseason as the expected backup before Braxton Miller's injury. Stockton led Georgia to a touchdown on his first drive against Texas and has had extra practice time during the Bulldogs' break after receiving a first-round bye in the playoff. “To see his growth since he’s been here, he’s been waiting patiently, he’s been sitting and putting his time in and he’s been working while he was waiting,” Georgia safety Malaki Starks said Friday. “And now he gets a chance to go out there and prove what he can do. And, you know, I believe in him 100%.” Starks, who is from Jefferson, Ga., often faced Stockton's Rabun County teams in high school. “He’s always been, you know, that guy, you know, since I’ve been growing up,” Starks said. “He’s an easy guy to follow. I mean, Gunner is a great guy, you know, very respectful, great parents. I mean, he’s the guy that you want to lead. And a lot of guys have confidence in him. And I think you saw it during games in the SEC (championship game), how much the guys believed in him.” ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football Charles Odum, The Associated PressTAMPA, Fla., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) ("Cansortium” or the "Company”), a vertically integrated, multi-state cannabis company operating under the FLUENTTM brand, announced today that it has closed on a new senior secured credit agreement (the "Credit Agreement”) of up to $96,500,000 with Chicago Atlantic Admin, LLC ("Chicago Atlantic”), as administrative agent for certain lenders. The Credit Agreement bears a cash interest rate of 12.00% per annum and paid-in-kind (PIK) interest of 1.00% per annum, and is due to mature on November 26, 2028. The Credit Agreement refinances the existing $71,000,000 senior secured term loan that was set to mature May 29, 2025, thereby eliminating the previously disclosed requirement that the Company prepay $10,000,000 upon the consummation of the business combination with RIV Capital Inc. (CSE: RIV) (OTC: CNPOF) ("RIV Capital”), a vertically integrated cannabis company operating the Etain brand in New York. All required regulatory approvals needed for the business combination with RIV Capital Inc. have been obtained and the Company expects the closing with RIV Capital to occur in early December 2024. "We are excited to announce the successful completion of our senior secured refinancing. The loan's favorable interest rate and single financial covenant underscore our strong financial standing, while its non-dilutive structure - free of equity or warrants - preserves shareholder value. As a result of this transaction, we have no material debt maturities until late 2028,” said Robert Beasley, CEO of Cansortium. "The refinancing includes access to two additional credit lines totaling $25 million, which, combined with the cash balance inflow from the RIV business combination, positions us to enter 2025 with a robust war chest. These resources will allow us to pursue strategic acquisitions and growth initiatives in key markets like Pennsylvania and New York, while also targeting new opportunities in emerging high-growth states. With our solid foundation and this enhanced financial flexibility, we are poised to capitalize on exciting industry developments at the state and federal levels. The future for our company - and our shareholders - has never been brighter.” The Credit Agreement provides for an initial loan of $71,500,000 and access to two additional credit lines of $10,000,000 for future real estate acquisitions and construction projects, and $15,000,000 in the event that the Company were to acquire RIV Capital's Buffalo cultivation and processing facility following the completion of the business combination. "Cansortium has executed with prudence and foresight in its core states of Florida, Pennsylvania and Texas, and we have every confidence in their strategic approach to meet demands in additional markets,” said Peter Sack, Managing Parter of Chicago Atlantic. "They are innately focused on customer experience, fiscal responsibility, and operational excellence, and Chicago Atlantic is thrilled to support their next phase of growth.” The Credit Agreement includes a single financial covenant requiring Cansortium to maintain a minimum unrestricted cash balance of $4,500,000, tested at the end of each fiscal quarter, and includes customary terms and conditions for a financing of this type, including repayment obligations upon the occurrence of certain events of default thereunder. The foregoing description of the Credit Agreement is not complete and is qualified in its entirety by reference to the full text of the Credit Agreement, a copy of which will be filed on the Company's profile on SEDAR+ at www.sedarplus.ca . Chicago Atlantic Credit Advisers, LLC served as lead arranger for the Credit Agreement and Chicago Atlantic Admin, LLC serves as Administrative Agent for the Credit Agreement. Smith Transaction Cansortium and certain of its affiliates and William Smith, a director and the Executive Chair of Cansortium, and certain companies controlled by Mr. Smith (together with Mr. Smith, collectively, the "Smith Group”), have entered into an amended and restated termination agreement (the "Amended Smith Transaction Termination Agreement”) to replace in its entirety the existing termination agreement dated May 30, 2024 (the "Smith Transaction Termination Agreement”), which provided for, among other things, the termination of that certain agreement among Cansortium, certain of its affiliates and the Smith Group (the "Initial Smith Transaction Agreement”). Pursuant to the terms of the Amended Smith Transaction Termination Agreement, Cansortium paid to the Smith Group a $500,000 cash fee and issued to the Smith Group a 15% secured subordinated convertible note in an initial aggregate principal amount of $6,500,000 due May 26, 2029 (the "Smith Convertible Note”). The Smith Convertible Note is subordinated in right of payment to prior payment in full of the Credit Agreement and the principal and accrued interest thereunder is convertible, at the discretion of the Smith Group, into Cansortium Shares at a price of $0.21 per Cansortium Share. For more information on the Smith Transaction Termination Agreement and the Initial Smith Transaction Agreement, see Cansortium's news release dated May 30, 2024 filed under Cansortium's profile on SEDAR+ at www.sedarplus.ca . The transactions contemplated by the Amended Smith Transaction Termination Agreement (the "Smith Transaction”) constitutes a "related party transaction” as such term is defined in Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions ("MI 61-101”). Cansortium has relied on the exemptions from obtaining a formal valuation and minority shareholder approval of the Cansortium Shareholders with respect to the Smith Transaction in accordance with sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the aggregate fair market value of the cash consideration and the Smith Convertible Note issuable in connection with the Smith Transaction does not exceed 25% of Cansortium's market capitalization as determined in accordance with the provisions of MI 61-101. In addition, the Smith Transaction was approved by the Cansortium Board, with Mr. Smith having disclosed his interest in the Smith Transaction and abstaining from voting thereon. Cansortium did not file a material change report 21 days prior to the closing of the Smith Transaction as the details of the Smith Transaction had not been finalized at that time. The foregoing description of the Amended Smith Transaction Termination Agreement is not complete and is qualified in its entirety by reference to the full text of the Amended Smith Transaction Termination Agreement, a copy of which will be filed on the Company's profile on SEDAR+ at www.sedarplus.ca . For more information, please visit: investors.getfluent.com About Cansortium Inc. Cansortium is a vertically-integrated cannabis company with licenses and operations in Florida, Pennsylvania and Texas. The Company operates under the FluentTM brand and is dedicated to being one of the highest quality cannabis companies for the communities it serves. This is driven by Cansortium's unrelenting commitment to operational excellence in cultivation, production, distribution, and retail. The Company is headquartered in Tampa, Florida. Cansortium Inc.'s Common Shares trade on the CSE under the symbol "TIUM.U” and on the OTCQB Venture Market under the symbol "CNTMF”. For more information about the Company, please visit www.getFLUENT.com . About Chicago Atlantic Chicago Atlantic is a private markets alternative investment manager focused on industries and companies where demand for capital exceeds traditional supply. The firm's investment strategies include opportunistic private credit and equity with focuses on loans to esoteric industries, specialty asset-based loans, liquidity solutions and growth and technology finance. Chicago Atlantic has closed over $2.3 billion in credit facilities since inception. Chicago Atlantic's team of over 80 professionals has offices in Chicago, Miami, New York and London. For more information on Chicago Atlantic's investment opportunities and financing products, visit chicagoatlantic.com . Forward-Looking Information Certain information in this news release may constitute forward-looking information. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans”, "targets”, "expects” or "does not expect”, "is expected”, "an opportunity exists”, "is positioned”, "estimates”, "intends”, "assumes”, "anticipates” or "does not anticipate” or "believes”, or variations of such words and phrases or state that certain actions, events or results "may”, "could”, "would”, "might”, "will” or "will be taken”, "occur” or "be achieved”. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates, and projections regarding future events. Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date of this news release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to the factors described in the public documents of the Company available on the Company's profile on SEDAR+ at www.sedarplus.ca. These factors are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release. Company Contact Robert Beasley, CEO investors.getfluent.com Media Contact: Trailblaze [email protected]
No. 22 Xavier unbeaten but looking for more effort vs. South Carolina
No. 22 Xavier unbeaten but looking for more effort vs. South Carolina
Victor Wembanyama plays 1-on-1 chess with fans in New York'Unbelievable' Odegaard transforms Arsenal and gets Saka smiling again
What better subject for a new year! Moses is dead; Joshua carries on. Here’s the story. The promised land has been spied out and all systems are go! The Israelites have followed Joshua to the Jordan River. The long-awaited-for promised land is just ahead. A new exciting day is dawning. But then it happens — trouble — an obstacle. These obstacles may be economic, political, social or personal — but they always come. The obstacle facing the children of Israel was the flooding of the Jordan River. There were no boats or bridges, just gallons of rushing waters. They were so close to their destination, could even see it, but couldn’t reach it. They had to be disappointed as they waited three days to cross over into the promised land. So what is Joshua’s word to the Israelites and to us as we begin our journey into the new year 2025? First, acknowledge the source of your hope! Note in this story that the children of Israel are to be led into the land of promise not by the military, but by the priests. The favorable presence of God must go before them. Joshua says, “when you see the Ark of the Covenant ...go after it.” The Ark, of course, is the symbol of God’s presence and must be acknowledged. So, why are these Israelites to keep the Ark in sight? Plainly and simply, because they do not know the way. They are about to enter a brand new, unknown territory. And without God’s guidance neither they nor we will know where to go. Writing in his book “The Divine Conquest,” A.W.Tozer states, “Wherever faith has been original, wherever it has proved itself to be real, it has invariably had upon it a sense of the “present God.” Our hope is in God and his guidance. Second, set out! Then you shall set out from your place ...”Joshua admonished. Note again that Joshua doesn’t say that you should crawl out from your place or sneak out from your place. Joshua said, “Set out!” “See the Ark-set out!” Acknowledge God — set out! I like those words “set out,” and I think they mean “Hang in there.” Sometimes that is absolutely the best thing we can do — “just hang in there.” Some days survival itself is an achievement. At 95 years of age, J.C. Penny was asked to share the secret of his life and long success. He quickly replied, “Being grateful for all my problems. As I have dealt with each one, I became stronger. I grew on my difficulties.” It sounds like J.C. Penny knew how to hang in there. He had fortitude which means “firmness of spirit.” Third, dwell in possibility! A few years ago, a friend gave me a unique gift that I treasure very much. It’s a silver paper weight with the following words cut across the front of it, “Dwell in possibility.” Now, these words remind me of Joshua’s words to the children of Israel, “ ...For tomorrow the Lord will do wonders among you” (Joshua 3:5). If you study churches or individuals or other groups, you’ll discover that they frequently make it or miss it on how well they manage the possibilities. Personally, I like the way that Don Quixote expresses it in the “Man of La Mancha” He said, “To dream the impossible dream!” To make everything better because we dare to believe they can be better. And we live our lives seeking to make them better. Happy New Year!
Cansortium Inc. Completes New Senior Secured Credit Agreement Ahead of Planned Business Combination Closing with RIV Capital
Too early to celebrate – Arne Slot keeps leaders Liverpool focused
CALGARY, Alberta, Nov. 26, 2024 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”), a leader in industrialized construction, is pleased to announce that Holly Hess Groos is joining the DIRTT Board of Directors effective November 26, 2024 and will also serve as the Chair of the Audit Committee. Effective November 26, 2024, Scott Robinson, current Board Chair and Audit Committee Chair, will step down from his role as Audit Committee Chair. Ms. Groos is a senior financial executive. She retired from Verizon after a 30-year tenure in various leadership roles, including CFO of Verizon Wireless, Head of Internal Audit, SVP Business Excellence, Operational Excellence and Treasurer of Verizon. “We are thrilled to welcome Holly to our Board of Directors,” said Scott Robinson, Board Chair. “We believe her extensive financial experience, including serving as SVP and CFO of multiple divisions at Verizon, combined with her background in operational transformation, will be invaluable in supporting DIRTT in the execution of our growth strategy.” Ms. Groos remarked "I am excited to join the DIRTT Board of Directors and to leverage my financial and operational excellence expertise in an effort to transform how the world builds. I look forward to supporting the team on DIRTT’s inspiring transformation journey." Ms. Groos earned a Bachelor of Science (Business Administration / Accounting) from Miami University. She is a Certified Public Accountant from the State of Ohio, a Lean Six Sigma Blackbelt and a member of AICPA. Special Note Regarding Forward-Looking Statements Certain statements contained in this news release that are not historical facts are “forward-looking information” and “forward-looking statements” (collectively, “Forward-Looking Information”) as defined under applicable provisions of the United States Private Securities Litigation Reform Act of 1995, and Section 21E of the Exchange Act and within the meaning of applicable Canadian securities laws. Forward-Looking Information, by its nature, is based on assumptions, and is subject to important risks and uncertainties, including that Ms. Groos’s experience and background will support DIRTT in the execution of its growth strategy, or that such strategy will be executed as expected. You should not rely on any Forward-Looking Information, which represents our beliefs, assumptions and estimates only as of the dates on which it was made, as predictions of future events. We undertake no obligation to update this Forward-Looking Information, even though circumstances may change in the future, except as required under applicable securities laws. We qualify all of our Forward-Looking Information with these cautionary statements. About DIRTT Environmental Solutions DIRTT is a global leader in industrialized construction. Its integrated system of physical products and digital tools empowers organizations, together with construction and design leaders, to build high-performing, adaptable, interior environments. Operating in the commercial, healthcare, education, and public sector markets, DIRTT’s system offers total design freedom, and greater certainty in cost, schedule, and outcomes. Headquartered in Calgary, Alberta, Canada, DIRTT trades on the Toronto Stock Exchange under the symbol “DRT” and is quoted on the OTC markets on the “OTC Pink Tier” under the symbol “DRTTF.” FOR FURTHER INFORMATION, PLEASE CONTACT ir@dirtt.com .