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Unrivaled (Unrivaled Brands Inc) is the West Coast’s leading vertically-integrated cannabis multi-state operator and the parent company of multiple dominant, cannabis brands spanning consumer products, cultivation, distribution, and retail.
The Unrivaled brand portfolio leads in our respective categories and markets by a focus on customer experience, product innovation, and organic brand building.
Unrivaled currently operates in California, Oregon and Nevada, and our brands are licensed in Arizona and Oklahoma
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74.7303 ? -8.3197 (-10.02%)
Volume: 414,696
05/25/21 10:33:19 AM EDT
Day's Range - 73.1 - 78.5
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$50 million strategic investment and 10-year biomass offtake and retail partnership agreements with Glass House Group, securing long-term access to greenhouse-grown cannabis and retail shelf space
Strategic investment made through Mercer Park Acquisition Corp’s private placement related to its merger with Glass House Group
Signs definitive agreement to acquire four acres of outdoor cultivation located in Sonoma County, CA from Mosaic.Ag, an affiliate of Soma Rosa Farms
Agreements set to provide The Parent Company unprecedented scale and margin advantage for the next decade.
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AMERICAN GREETINGS ANNOUNCES FIRST OF ITS KIND PARTNERSHIP WITH PREEMINENT ENTERTAINMENT COMPANY ROC NATION
Roc Nation and its Iconic Artists Team with American Greetings to Create Customized Digital Greetings and Physical Greeting Cards.
(Cleveland, OH — May 10, 2021) — Today, American Greetings announces a multi-year, multi-artist partnership with Roc Nation that includes digital and physical products developed in collaboration with the authentic voices of legendary artists as well as the Roc Nation brand. The initial products will extend the company’s line of Celebrity SmashUps; highly personalized smile-inducing, shareable videos that entertain, surprise, and delight audiences of all ages. American Greetings and Roc Nation also plan to launch physical and virtual paper cards.
“We are thrilled to work with American Greetings on a never before seen partnership with a renowned entertainment company, that allows Roc Nation and its talent to create a deeper bond with their audience,” said Brett Yormark, President of Business Operations & Strategy for Roc Nation.
“We build relationships with leading global companies, and we’re thrilled to add American Greetings as our greeting card licensee,” said Tom Caravella, Managing Director for Roc Nation United, a strategic licensing alliance between Roc Nation and United Entertainment Group. “ Roc Nation United is focused on creating innovative ways for artists and athletes to connect with their fans, and this new relationship with American Greetings is a great opportunity to do so in a very special and entertaining way.”
This is Roc Nation’s first line of digital and physical greetings. The collection of digital products will be available worldwide and released during 2021 with more info to come on physical card availability. Additional announcements are forthcoming as to specific product lines and timing. Fans can register for product alerts at www.americangreetings.com/roc-nation.
“This partnership is an exciting and important part of our mission to inspire people to connect and help them make others feel special, whether that’s on a birthday or anytime they’re moved to share some happiness, laughter and love.” said Rob Matousek, Executive Director – Direct to Consumer Business at American Greetings. “This announcement and the opportunity to collaborate with Roc Nation and their incredible artists is also a reflection of our commitment to creating authentic content that is relevant and accessible to everyone.”
SmashUps are available on www.americangreetings.com, www.bluemountain.com, and on the SmashUps apps available for iPhone https://apps.apple.com/us/app/smashups/id1441317717 and Android https://play.google.com/store/apps/details?id=com.smashups&hl=en_US
ABOUT AMERICAN GREETINGS:
As the leader in meaningful connections, American Greetings is committed to making the world a more thoughtful and caring place. Founded in 1906, the creator and manufacturer of innovative social expression products offers paper cards, digital greetings, gift wrap, party goods and more to help consumers honor the people and moments in life that really matter. The Company’s major greeting card brands are American Greetings, Papyrus, Recycled Paper Greetings and Carlton Cards. The 113-year-old company is headquartered in Cleveland, Ohio, and its products can be found in retail outlets worldwide.
ABOUT ROC NATION:
Roc Nation, founded in 2008 by JAY-Z, has grown into the world’s preeminent entertainment company. Roc Nation works in every aspect of modern entertainment, with recording artists, producers, songwriters, and more. Roc Nation’s client list includes some of the world’s most recognizable names: from Rihanna and Megan Thee Stallion to Buju Banton and Snoh Aalegra. Roc Nation is a full-service organization, supporting a diverse roster of talent via artist management, music publishing, touring, production, strategic brand development, and beyond. Roc Nation Sports was founded in 2013, bringing the organization’s full-service touch to athletes across the NFL, NBA, MLB, and global soccer including Todd Gurley, Kyrie Irving, Skylar Diggins-Smith, Dominic Smith, Kevin De Bruyne and more.
ABOUT UNITED ENTERTAINMENT GROUP:
United Entertainment Group is a global entertainment, sports and lifestyle marketing agency and part of the DJE Holdings Network. UEG creates breakthrough marketing with the people, properties and platforms that shape culture, and is headquartered in New York with offices in Los Angeles, Chicago, Dallas, London, Hamburg and Tokyo. UEG was founded in 2007 and works with FORTUNE 500 companies, celebrities, athletes and leading media properties. For more information visit www.uegworldwide.com.
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Everbridge, Inc. (NASDAQ: EVBG), the global leader in critical event management (CEM), today announced that Josh Harris, Co-Founder of Apollo Global Management and Founder of Harris Blitzer Sports & Entertainment (HBSE), which owns both the Philadelphia 76ers and the New Jersey Devils, will speak at its Spring 2021 COVID-19: Road to Recovery (R2R) virtual leadership summit taking place May 26-27, discussing business resiliency and civic leadership in a post-pandemic world.
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Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 4, 2021, the Board of Directors (the “Board”) of Square, Inc. (the “Company”) increased the size of the Board from eleven to twelve directors and elected Shawn Carter to the Board as a Class II director, effective May 6, 2021. Mr. Carter is not expected to serve on any individual Board committees at this time.
Mr. Carter, age 51, known professionally as JAY-Z, is a musician, songwriter, record executive, producer, 22-time Grammy award-winner and entrepreneur. He has served as the co-founder and majority owner of Roc Nation LLC (“Roc Nation”) and founder of Marcy Media LLC, a full-service agency and entertainment company, since 2008 and co-founder and manager of Marcy Venture Partners, L.P., a venture capital and private equity firm, since March 2019. Since March 2015, he has been a founder, shareholder and artist of TIDAL, a global music and entertainment platform that brings artists and fans closer together through unique original content and exclusive events, which is currently majority owned by the Company (“TIDAL”). Since 2014, Mr. Carter has served as the co-founder, manager and board member of Ace of Spades Holdings, LLC, a luxury champagne company, and serves on the board of directors of a number of privately-held companies. Mr. Carter has also served as the Chief Visionary Officer of TPCO Holdings Corp. since November 2020, and previously the Chief Brand Strategist of Caliva, from July 2019 until its acquisition by TPCO Holdings Corp. in November 2020. Since 2003, Mr. Carter has served as the founder of the Shawn Carter Scholarship Foundation, a charitable organization focused on education. He also currently serves on the board of directors of REFORM, a philanthropic organization advocating for criminal justice reform.
Mr. Carter will receive the Company’s standard remuneration for non-employee directors in accordance with the Company’s Outside Director Compensation Policy, as described in the proxy statement relating to the Company’s 2021 annual meeting of stockholders. Mr. Carter has also executed the Company’s standard form of indemnification agreement.
There is no arrangement or understanding between Mr. Carter and any other persons pursuant to which Mr. Carter was selected as a director. The following are transactions required to be disclosed pursuant to Item 404(a) of Regulation S-K.
TIDAL Transaction Consideration. On April 30, 2021 (the “Closing Date”), the Company completed its previously announced acquisition of a majority stake in TIDAL pursuant to the Share Purchase Agreement (“SPA”), dated March 3, 2021, by and among Vandutch Acquisition Corp., a direct wholly-owned subsidiary of the Company (“Vandutch”), Project Panther, Ltd. (“Project Panther”), certain holders of equity interests in Project Panther listed in an exhibit to the SPA (the “Sellers”) and Mr. Carter, as Sellers’ Representative. Pursuant to the SPA, Vandutch purchased a majority interest in Project Panther in exchange for approximately $302 million, which amount is subject to customary adjustments and includes certain outstanding indebtedness of Project Panther and its subsidiaries, certain transaction expenses, and the aggregate amount of certain indemnification holdbacks established pursuant to the terms of the SPA, paid in shares of the Company’s Class A Common Stock, par value $0.0000001 per share (“Common Stock”) and cash (the “Transaction”). As part of the Transaction, Mr. Carter, directly and indirectly through entities affiliated with him, received approximately $63.4 million in the aggregate (the “S.C. Payment”), and a family member received approximately $450,000, in each case, in the form of cash and Common Stock within five business days of the Closing Date. The cash portion of the S.C. Payment includes repayment of outstanding indebtedness owed by Project Panther and its subsidiaries to such affiliated entities. Mr. Carter, the entities affiliated with him and the family member (collectively, the “Related Parties”) may also be entitled to receive additional amounts from certain indemnification holdbacks in the future in connection with the Transaction. Mr. Carter was also reimbursed $4.5 million in connection with certain insurance expenses related to the Transaction which he previously paid on behalf of Project Panther. Following the Transaction, the Related Parties continue to retain a minority interest in Project Rising, LLC, TIDAL’s new parent company and a direct subsidiary of Vandutch. In connection with the Transaction, the Company retains a call option to acquire this minority interest in the future.
Sublease. The Company has entered into a sublease agreement, dated as of April 30, 2021, with Roc Nation for approximately 15,875 square feet of office space in New York City at an annual base rate of approximately $1.5 million. The sublease commenced on the Closing Date and has a term of one year, with the Company having the option to extend the sublease for two additional six-month terms and the right to terminate the sublease upon thirty (30) days’ prior notice.
Marketing Agreement. The Company has entered into a marketing agreement, effective as of December 14, 2020, with an artist represented by Roc Nation pursuant to which the Company would collaborate with the artist on certain marketing campaigns. The marketing agreement has a term of one year. Roc Nation is paid a commission of approximately $200,000 pursuant to the terms of the marketing agreement.
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Peloton Recalls All Treadmills and CEO Apologizes -- 3rd Update
DOW JONES & COMPANY, INC. 1:53 PM ET 5/5/2021
Symbol Last Price Change
PTON 82.6801down -14.0199 (-14.4983%)
QUOTES AS OF 02:39:59 PM ET 05/05/2021
Peloton Interactive Inc. (PTON) has agreed to recall its treadmills, and its chief executive apologized for the company's initial refusal to comply with federal safety regulators who pushed for the action weeks ago.
The exercise-equipment maker also said it was halting sales of its current treadmill, the Tread+.
"I want to be clear, Peloton made a mistake in our initial response to the Consumer Product Safety Commission's request that we recall the Tread+," CEO John Foley said in a joint statement announcing the recall with the CPSC. "We should have engaged more productively with them from the outset."
The CPSC told people with young children or pets in mid-April to stop using the treadmills and urged a recall of the product, which it says was responsible for dozens of injuries and at least one death. The known death is that of a 6-year-old who was pulled under the rear of one of the machines, the federal agency said.
Peloton rebuffed calls for a recall initially. Mr. Foley, in statements posted last month on the company's website, called the CPSC advisory inaccurate and misleading, and said the treadmills are safe when users follow safety recommendations.
The company had declined to say whether it would give refunds to people who no longer wanted the machines, though several who attempted returns said the company declined to refund their money.
Some of the same features that set the Tread apart from rivals appear to be contributors to the machine's safety issues, according to the CPSC. The machine has a raised, slatted belt, rather than one that runs in a continuous loop, which is unusual for motorized treadmills, a CPSC spokesman said on Wednesday. It also is taller than a typical treadmill and lacks a rear guard, elements that give the treadmills a sleeker look. Those factors could contribute to the risk of getting pulled under the machine, the CPSC spokesman said in a statement, noting that technical evaluations continue.
Nikhil Bobb bought a Tread+ for his wife in 2019 and said he plans to return the machine. The couple has two children, ages 5 and 6. Mr. Bobb sought to return the treadmill weeks ago after he heard about the safety concerns. A customer-service representative at the time said the company wasn't offering refunds and suggested that Mr. Bobb sell the machine, according to a transcript of the call.
"I honestly would have felt much better if they had just offered any acknowledgment and that a solution was in the works," he said. "As a parent, suggesting I resell at this point is just offensive."
Peloton is now offering refunds for customers who purchased either its slimmed-down Tread machine or the higher-end Tread+ model. The machines sold for about $2,495 and about $4,295, respectively.
The company is offering to move Tread+ machines into a room in customers' homes that children or pets can't access. It said it is also improving the product's software so that the treadmill locks after use and requires a passcode to unlock.
Shares of the company fell more than 10% on Wednesday.
The CPSC said that, in addition to the child's death, 72 cases have been reported of people, pets or objects being pulled under the back of the product. More than a third of those reports involved injuries to children, the agency said. The Tread+ model was sold starting in September 2018.
For the Tread model, which was sold by invitation only from November 2020 through March of this year, customers can either seek a refund or have their product inspected and repaired free to secure the product's touch screen. Peloton said it knows of 18 reports in which a touch screen loosened and of six reports where it fell off.
No injuries were reported in the U.S., but there were minor injuries abroad, the company said. Peloton declined to say whether it is taking action in the U.K. or Canada where the smaller Tread has been on sale since February.
Peloton is best known for selling $1,900-plus stationary bikes, which are equipped with screens that display subscription workout classes and account for most of the company's sales. Treadmills comprise about 12% of the company's equipment revenue going back to 2018, when the machines first went on sale, BMO analyst Simeon Siegel said in a research note. That figure doesn't include subscriptions to interactive classes, which represent about 20% of Peloton's overall sales.
The company's exercise equipment was in high demand earlier in the Covid-19 pandemic as many people worked from home and avoided congregate spaces like gyms. Peloton struggled to keep up with demand, causing some customers to have to wait months for delivery over the winter.
Peloton has said its machines are no more dangerous than other treadmills that can injure people if not used properly. Product reviews and industry analysts say Peloton's treadmills include a number of features that distinguish them from typical home-use treadmills.
Peloton treadmills elevate to a 15% incline and feature "impressively powerful" motors that reach a speed of 12.5 miles an hour, according to treadmill review site TreadmillReviewGuru.com, which said it tested Peloton's machine in its treadmill labs. Peloton's controls also are unusual, it says. Knobs are further down than on most models and within easy reach of a child
The CPSC has said it is investigating potential safety risks with other treadmill brands and has reported 22,500 emergency-room visits from treadmills in 2019.
The company is scheduled to report its latest quarterly results to investors on Thursday.
Write to Sharon Terlep at sharon.terlep@wsj.com and Allison Prang at allison.prang@wsj.com
Peloton Recalls All Treadmills and CEO Apologizes -- 2nd Update
DOW JONES & COMPANY, INC. 12:49 PM ET 5/5/2021
Symbol Last Price Change
PTON 82.681up -14.019 (-14.4974%)
QUOTES AS OF 02:39:13 PM ET 05/05/2021
Peloton Interactive Inc. (PTON) has agreed to recall its treadmills, and its chief executive apologized for the company's initial refusal to comply with federal safety regulators who pushed for the action weeks ago.
The exercise-equipment maker also said it was halting sales of its current treadmill, the Tread+.
"I want to be clear, Peloton made a mistake in our initial response to the Consumer Product Safety Commission's request that we recall the Tread+," CEO John Foley said in a joint statement announcing the recall with the CSPC. "We should have engaged more productively with them from the outset."
The CSPC told people with young children or pets in mid-April to stop using the treadmills and urged a recall of the product, which it says is responsible for dozens of injuries and at least one death. The known death is that of a six-year-old who was pulled under the rear of one of the machines, the federal agency said.
Peloton rebuffed calls for a recall initially. Mr. Foley, in statements posted last month on the company's website, called the CPSC advisory inaccurate and misleading, and said the treadmills are safe when users follow safety recommendations.
The company also had declined to say whether it would give refunds to people who no longer wanted the machines, though several who attempted returns said the company declined to refund their money.
Nikhil Bobb bought a Tread+ for his wife in 2019 and said he plans to return the machine. The couple has two children, ages 5 and 6. Mr. Bobb sought to return the treadmill weeks ago after he heard about the safety concerns. A customer-service representative at the time said the company wasn't offering refunds and suggested that Mr. Bobb sell the machine, according to a transcript of the call.
"I honestly would have felt much better if they had just offered any acknowledgment and that a solution was in the works," he said. "As a parent, suggesting I resell at this point is just offensive."
Peloton is now offering refunds for customers who purchased either its slimmed-down Tread machine or the higher-end Tread+ model. The machines were sold for about $2,495 and about $4,295, respectively.
The company is offering to move Tread+ machines into a room in customers' homes that children or pets can't access. It said it is also improving the product's software so that the treadmill locks after use and requires a passcode to unlock.
Shares of the company fell more than 10% on Wednesday.
The CSPC said that, in addition to the child's death, 72 cases have been reported of people, pets or objects also being pulled under the back of the product. More than a third of those reports involved injuries to children, the agency said. The Tread+ model was sold starting in September 2018.
For the Tread model, which was sold by invitation only from November 2020 through March of this year, customers can either seek a refund or have their product inspected and repaired free to secure the product's touch screen. Peloton said it knows of 18 reports in which a touch screen loosened and of six reports where it fell off.
No injuries were reported in the U.S., but there were minor injuries abroad, the company said. Peloton declined to say whether it is taking action in the U.K. or Canada where the smaller Tread has been on sale since February.
Peloton is best known for selling $1,900-plus stationary bikes, which are equipped with screens that show subscription workout classes and account for most of the company's sales.
The company's exercise equipment was in high demand earlier in the Covid-19 pandemic as many people were confined to working from home and avoided congregate spaces like gyms. Peloton struggled to keep up with demand, causing some customers to have to wait months for delivery over the winter.
Peloton has said its machines are no more dangerous than other treadmills that can injure people if not used properly. Product reviews and industry analysts Peloton's treadmills include a number of features that distinguish them from typical home-use treadmills.
The CSPC has said it is investigating potential safety risks with other treadmill brands and has reported 22,500 emergency-room visits from treadmills in 2019.
The motorized treadmill's belt is constructed of individual, rubberized slats that are interlocking and wrap beneath the machine. Most motorized models use a thinner, continuous belt, while "slat-belt" machines are typically manual and don't elevate, according to treadmill review site TreadmillReviewGuru.com, which said it tested Peloton's machine in its treadmill labs.
Peloton treadmills elevate to a 15% incline and feature "impressively powerful" motors that reach a speed of 12.5 miles an hour, the site says. Peloton's controls also are unusual, it says. Knobs are further down than on most models and within easy reach of a child.
The company is scheduled to report its latest quarterly results to investors on Thursday.
Write to Sharon Terlep at sharon.terlep@wsj.com and Allison Prang at allison.prang@wsj.com
May 5 (Reuters) - Exercise equipment maker Peloton Interactive Inc(PTON) is recalling its Tread+ and Tread treadmill machines after injuries and a death, according to a statement by the United States Consumer Product Safety Commission. (Reporting by Shariq Khan in Bengaluru; Editing by Shounak Dasgupta)
May 5 (Reuters) - Exercise equipment maker Peloton Interactive Inc(PTON) is recalling its Tread+ and Tread treadmill machines after injuries and a death, according to a statement by the United States Consumer Product Safety Commission. (Reporting by Shariq Khan in Bengaluru; Editing by Shounak Dasgupta)
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The Parent Company to Report First Quarter 2021 Financial Results on May 17, 2021
BY Business Wire
— 6:13 PM ET 04/26/2021
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TONS OF TAXES AND EVEN MORE LOSSES COMING
Extremely Valuable Due Diligence