With $68 million in funds, Minnesota’s Revol Greens to expand in Texas

Revol Greens has raised another $68 million to build its third greenhouse location in Texas, marking its third expansion in two years.

The Owatonna, Minn.-based company’s growth plans highlight rising demand for produce grown in climate-controlled environments that are closer to consumers.

The latest funding round — led by Equilibrium Capital, which focuses on businesses providing sustainable water and food solutions — brings Revol’s total fundraising to $215 million.

At 20 acres with room to expand another 60, the new Texas facility will be the largest lettuce greenhouse in the world. Chief Executive Mark Schulze said executives are still finalizing the location, but it will be somewhere in the “Austin-Dallas-Fort Worth triangle.”

Revol Greens is in the midst of converting an old 16-acre tomato and green pepper greenhouse to one for baby lettuces in Tehachapi, Calif.

That location has room to expand to 64 acres and is set to be

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Bank of New York Mellon Corp Has $2.42 Million Stake in Colony Credit Real Estate Inc (NYSE:CLNC)

Bank of New York Mellon Corp reduced its position in shares of Colony Credit Real Estate Inc (NYSE:CLNC) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 345,119 shares of the company’s stock after selling 19,900 shares during the period. Bank of New York Mellon Corp’s holdings in Colony Credit Real Estate were worth $2,423,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Cornerstone Wealth Management LLC bought a new position in Colony Credit Real Estate during the 1st quarter worth $45,000. Tudor Investment Corp Et Al bought a new position in Colony Credit Real Estate during the 1st quarter worth $46,000. NJ State Employees Deferred Compensation Plan bought a new position in Colony Credit Real Estate during the 1st quarter

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Brookfield Asset Management Announces Pricing of US$500 Million Debt Offering

The MarketWatch News Department was not involved in the creation of this content.

(GLOBE NEWSWIRE via COMTEX) —
BROOKFIELD NEWS, Sept. 23, 2020 (GLOBE NEWSWIRE) — Brookfield Asset Management Inc. (“Brookfield”) (TSX: BAM.A, NYSE: BAM) today announced the pricing of its previously announced public debt offering of notes due 2051 (the “notes”). The size of the offering will be US$500 million.

The notes will have a coupon of 3.500% and will be issued at a price equal to 99.313% of their face value for an effective yield of 3.537%. The notes will be issued by Brookfield Finance Inc., an indirect 100% owned subsidiary of Brookfield, and will be fully and unconditionally guaranteed by Brookfield. The net proceeds from the sale of the notes will be used for general corporate purposes. The offering is expected to close on or about September 28, 2020.

The notes will be offered under Brookfield Finance

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Bank of America Corp DE Has $8.75 Million Stock Position in H & R Block Inc (NYSE:HRB)

Bank of America Corp DE reduced its holdings in H & R Block Inc (NYSE:HRB) by 27.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 612,656 shares of the company’s stock after selling 232,285 shares during the quarter. Bank of America Corp DE’s holdings in H & R Block were worth $8,748,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legacy Bridge LLC acquired a new position in H & R Block in the 2nd quarter valued at approximately $26,000. Twin Tree Management LP acquired a new position in H & R Block in the 2nd quarter valued at approximately $50,000. Rampart Investment Management Company LLC increased its position in H & R Block by 175.9% in the 2nd quarter. Rampart Investment Management

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Planet 13 Announces Closing of C$23 Million Bought Deal Public Offering

The MarketWatch News Department was not involved in the creation of this content.

September 10, 2020 (ACCESSWIRE via COMTEX) —
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

LAS VEGAS, NV / ACCESSWIRE / September 10, 2020 / Planet 13 Holdings Inc. (“Planet 13” or the “Company”) (CSE:PLTH)(OTCQX:PLNHF), a leading vertically-integrated Nevada cannabis company, is pleased to announce that it has completed its previously announced bought deal financing for aggregate gross proceeds of C$23,019,550 (the “Offering”). A total of 6,221,500 units (the “Units”) of the Company were sold pursuant to the Offering, including an aggregate of 811,500 Units issued as a result of the full exercise of the Underwriters’ (as defined herein) over-allotment option (the “Over-Allotment Option”), at a price of C$3.70 per Unit. The Offering was conducted by a syndicate of underwriters co-led by Beacon Securities Limited and Canaccord Genuity Corp.

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Brokerages Expect Bryn Mawr Bank Corp. (NASDAQ:BMTC) Will Announce Quarterly Sales of $54.86 Million

Equities research analysts forecast that Bryn Mawr Bank Corp. (NASDAQ:BMTC) will announce sales of $54.86 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Bryn Mawr Bank’s earnings. The lowest sales estimate is $53.56 million and the highest is $56.63 million. Bryn Mawr Bank posted sales of $56.85 million during the same quarter last year, which suggests a negative year over year growth rate of 3.5%. The firm is expected to announce its next quarterly earnings results on Thursday, October 15th.

On average, analysts expect that Bryn Mawr Bank will report full-year sales of $223.78 million for the current financial year, with estimates ranging from $222.79 million to $224.86 million. For the next financial year, analysts expect that the business will post sales of $221.33 million, with estimates ranging from $218.70 million to $225.09 million. Zacks Investment Research’s sales averages are a mean average

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Bank of New York Mellon Corp Has $2.26 Million Stock Holdings in Tristate Capital Holdings Inc (NASDAQ:TSC)

Bank of New York Mellon Corp cut its stake in Tristate Capital Holdings Inc (NASDAQ:TSC) by 65.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,805 shares of the financial services provider’s stock after selling 267,532 shares during the period. Bank of New York Mellon Corp owned approximately 0.48% of Tristate Capital worth $2,259,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American International Group Inc. boosted its holdings in Tristate Capital by 5.0% in the first quarter. American International Group Inc. now owns 16,059 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 763 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Tristate Capital by 56.4%

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PNC Financial Services Group Inc. Has $1.14 Million Stock Holdings in J B Hunt Transport Services Inc (NASDAQ:JBHT)

PNC Financial Services Group Inc. lifted its stake in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 10.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,477 shares of the transportation company’s stock after purchasing an additional 861 shares during the period. PNC Financial Services Group Inc.’s holdings in J B Hunt Transport Services were worth $1,141,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in JBHT. Tower Research Capital LLC TRC raised its position in J B Hunt Transport Services by 38.3% during the first quarter. Tower Research Capital LLC TRC now owns 524 shares of the transportation company’s stock valued at $48,000 after buying an additional 145 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in J B Hunt Transport

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Novacap Portfolio Company Nuvei Corporation Completes US$833 Million Initial Public Offering and Concurrent Private Placement

Listing is the Largest Technology IPO by both equity capital raised and market capitalization at the time of listing in TSX history

MONTREAL, Sept. 22, 2020 /PRNewswire/ – Novacap, one of Canada’s leading private equity firms, announced today that portfolio company Nuvei Corporation (TSX: NVEI), a global payment technology provider, closed its US$833 million initial public offering on the Toronto Stock Exchange and concurrent private placement.

According to the TSX, at its offering price, Nuvei’s IPO represents the largest technology IPO by both equity capital raised and market capitalization at the time of listing in TSX history  

“At Novacap, our stated mission is to add value to each business we invest in, and our partnership with Nuvei is a prime example of this philosophy in action,” said David Lewin, Senior Partner at Novacap. “Since our initial investment three years ago at a valuation of approximately US$430 million,

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The World Bank Approves US$40 Million Loan to Support Indigenous, Afro-Ecuadorian and Montubio Communities – Ecuador

Washington D.C., September 25, 2020 – The World Bank Board of Directors today approved a US$40 million loan for Ecuador in the framework of a project to improve living conditions, contribute to the recovery following the Covid-19 pandemic and address barriers to education and employment access for Indigenous, Afro-Ecuadorian and Montubio nationalities and peoples.

This investment project aims to support one million people in 15 territories covering approximately 300 parishes prioritized for their vulnerability indicators. It will contribute to guaranteeing these populations greater educational and economic opportunities, as well as a response to the Covid-19 emergency that incorporates the recognition of and respect for their worldview and development priorities.

Ecuador’s Constitution recognizes the country’s pluricultural and multicultural character. According to the latest census data (2010), more than three million Ecuadorians – 21 percent of the population – identify themselves as belonging to Indigenous, Afro-Ecuadorian and Montubio peoples and nationalities. Of

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