Latest news with #Arches
Yahoo
5 days ago
- Business
- Yahoo
Vireo Growth Inc. Announces Closing of Proper Brands Acquisition in Missouri
MINNEAPOLIS , June 05, 2025 (GLOBE NEWSWIRE) -- Vireo Growth Inc. ('Vireo' or the 'Company') (CSE: VREO; OTCQX: VREOF), today announced that it has closed its previously-announced transaction to acquire Missouri-based Proper Brands ('Proper') through the acquisition of NGH Investments, Inc. and Proper Holdings Management, Inc., subsidiaries of Proper Holdings, LLC, a management company providing services to Proper's portfolio of 11 retail dispensaries in Missouri. Proper was founded in 2022 and is currently one of the largest independent operators in Missouri's adult-use, recreational cannabis market. The company has a total retail footprint of 11 retail dispensaries, with one undeveloped retail license. All stores are in the St. Louis area except for one in Kansas City. The company operates a cultivation and manufacturing facility in excess of 100,000 square feet, and is in the process of implementing the Arches technology platform across its home delivery business. Total consideration for the transactions was $102.0 million, paid in the form of 196.2 million Subordinate Voting Shares of Vireo at a reference price per share of $0.52. The purchase price of the Proper transaction represents a multiple of 4.175x 2024 'Closing EBITDA' of $31 million. The transaction is subject to clawback provisions if 2026 EBITDA is below Closing EBITDA as of December 31, 2026. The shares issued in the transaction are subject to lock-up provisions, with tranches of shares received in connection with the closing unlocking over a 33-month period. About Vireo Growth Inc. Vireo was founded as a pioneer in medical cannabis in 2014 and we are fueled by an entrepreneurial drive that sustains our ongoing commitment to serve and delight our key stakeholders, most notably our customers, our employees, our shareholders, our industry collaborators, and the communities in which we live and operate. We work every day to get better and our team prioritizes 1) empowering and supporting strong local market leaders and 2) strategic, prudent capital and human resource allocation. For more information, please visit Contact Information Joe DuxburyChief Accounting Officerinvestor@ 314-8995 Forward-Looking Statement Disclosure This press release contains 'forward-looking information' within the meaning of applicable United States and Canadian securities legislation. Forward-looking information contained in this press release may be identified by the use of words such as 'should,' 'believe,' 'estimate,' 'would,' 'looking forward,' 'may,' 'continue,' 'expect,' 'expected,' 'will,' 'likely,' 'subject to,' 'transformation,' and 'pending,' variations of such words and phrases, or any statements or clauses containing verbs in any future tense and includes, but may not be limited to, statements regarding the Merger Transactions, including the timeline for the closing of the Merger Transactions; shareholder approval of the Merger Transactions; and the regulatory approvals required for the Merger Transactions. These statements should not be read as guarantees of future performance or results. Forward-looking information includes both known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Company or its subsidiaries to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements or information contained in this press release. Forward-looking information is based upon a number of estimates and assumptions of management, believed but not certain to be reasonable, in light of management's experience and perception of trends, current conditions, and expected developments, as well as other factors relevant in the circumstances, including assumptions in respect of current and future market conditions, the current and future regulatoryenvironment, and the availability of licenses, approvals and permits. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, the reader should not place undue reliance on the forward-looking information because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. Forward-looking information is subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those projected in the forward-looking information. Such risks and uncertainties include, but are not limited to: risks related to the shareholder approval of the Merger Transactions; risks related to regulatory approval of the Merger Transactions; and risk factors set out in the Company's Form 10-K for the year ended December 31, 2024 and the Company's information statement regarding the Merger Transactions, both of which are available on EDGAR with the U.S. Securities and Exchange Commission and filed with the Canadian securities regulators and available under the Company's profile on SEDAR+ at The statements in this press release are made as of the date of this release. Except as required by law, we undertake no obligation to update any forward-looking statements or forward-looking information to reflect events or circumstances after the date of such pour accéder à votre portefeuille
Yahoo
6 days ago
- Business
- Yahoo
Can Fort Myers Beach close door to what's ahead? Potentially not anymore with 'precedent'
For Fort Myers Beach Mayor Dan Allers, the island's future might have gotten a little muddied with this week's Town Council approval of the Moss Marina entertainment complex and hotel. "Asking for a 200% increase in density is difficult for me to get behind," said Allers, who voted against the planned Arches Bayfront. "To me, this is something that could potentially open a door. And I'm not a person that likes to use the word, precedent. But to me this opens a door that's never been opened on this island." Here's what to know. The Arches backing comes after at least a couple of recent major development approvals by the council, which helped provide a path for Moss Marina operator Ben Freeland to give it another shot after being largely rebuffed the past couple of years or so. Changing numerous zoned residential properties to commercial as part of adding to the marina, the latest plans call for a 263-room hotel and other structures rising to about 100 feet featuring dining, bars and retail along a bayfront promenade wedged between Old San Carlos Boulevard and a neighborhood. Many nearby residents pretty much resigned themselves to the fact that approval would be coming from a current council that has backed other major endeavors in recent months. Instead, as the island continues to recover from 2022's Hurricane Ian and subsequent storms, they pushed for some concessions to reduce noise and traffic by their houses after construction begins. "I'm here representing the neighbors who aren't here because they already know you're going to change our neighborhood," said resident Chris Mosteiro, who represented owners of 15 homes and properties in submitting a letter to the council. "I'm representing the neighbors that are out of town. I'm here representing the neighbors who are exhausted after years of rebuilding." The mayor agreed that "this neighborhood will be impacted," and that he could "honestly say" it was not in line "with what the comprehensive plan and land development code sought out to do, specifically with commercial intrusion." And the town staff agreed in recommending against the enterprise. "It appears incompatible with the residential neighborhoods that are directly abutting and has the potential to create additional nuisances, such as noise and traffic, both vehicle and pedestrian, into the residential area," said Town Principal Planner Judith Frankel. Freeland said he's been doing his best working with residents and city leaders and reduced the size of what he had in mind while offering amenities to the public, which helped lead to support from four of the five council members, such as Vice-Mayor Jim Atterholt. "I thought to his credit, he made some significant commitments to not only operating a water ferry terminal but also operating a water ferry," said Atterholt, as some ferry specifics need to be worked out. "I think this project is in the public benefit. I think we've again as an island done an excellent job, (and) I'm obviously also excited about the ferry and a number of other things that this has to offer." At one point, there were at least 400 units in play on the nearly 5 acres for what has been tabbed as Arches Bayfront Resort, near the shadow of the Matanzas Pass Bridge. Arches would have buildings varying in height between one and seven stories, with a total maximum height of 102 feet, according to what's been drawn up. By comparison, the six-story Marina Village at Snug Harbor next door has an overall height of 71 feet, town records show. A goal has been to get interest in the compound from potential companies, said Moss consultant Patrick Vanasse, president of The Neighborhood Company: "The Freelands will be the developer/builder. They're going to turn this to an operator. Obviously, they need to make their resort attractive to get the best operator possible." No exact construction start date has been set as Freeland sorts through potential contractors. "This is going to be a very high-end resort," he said. "We prefer to build it all at once ― more efficient if you could do it all at once. (The) goal would be to build it all at the same time." Even though Allers didn't back it, the mayor appreciated some of the scaling back, such as the number of hotel units. "Where it came from to where it is now is leaps and bounds," he said. "I do support a project there. I just can't support the project as it's proposed, but I appreciate all the negotiations back and forth." Freeland had told In the Know last summer that he was not giving up and had gone back to "the drawing board reimagining the site." He also hired The Neighborhood Company, with its Fort Myers Beach roots that has been involved in various endeavors on Estero Island. Going back to about when Margaritaville made its historic debut in December 2023 after a long and winding road, Freeland then said he expected his project to come back as well, about 110 paces from his new Jimmy Buffett-inspired neighbor. At the time, he was disappointed by the continued reluctance by the town to change its land use plan that would pave the path for his endeavor, saying "We strongly believe we're on the right track to be an important part of our island's rebuild." Freeland had put the project on pause in October 2023 after members of the Beach Town Council and planning board signaled they didn't plan to deviate far from the comprehensive plan that's been in place for almost three decades. The plan is a blueprint that guides future land use, such as density. However, some residents feel the Town Council may have gone too far in recent approvals of the Pink Shell expansion and especially the high rises to replace the Red Coconut RV park, saying it may lead to more major development. As In the Know has reported, the Coconut, as approved near the library, would rise as high as 17 stories and occupy space 10 times larger than the White House. Pink Shell received backing for a new 40-room structure that could rise six stories above the bay on the north side. In the Know: Latest on Buc-ee's SWFL opening. Company leaders address traffic concerns The Freeland family has gone to battle with the town in the past and prevailed. Just before the turn of the century, they won a suit over their gambling yacht operation after officials raised concerns about parking and licensing. Captiva: South Seas holds official grand reopening just in time for hurricane season As originally conceived, Freeland, working with the Restore the Arches group, has been wanting to have a memorial dedicated to the iconic Beach symbol along the planned bay walk as a way to educate the public about the history tied to them. The late entrepreneur Tom Phillips perched gateway stone bell tower arches in 1924 on the future San Carlos Boulevard near the McGregor Boulevard intersection to promote massive development he had planned to assemble but didn't execute due to a variety of factors. He had planted a similar arch of native coral rock not far from where the Sky Bridge to Fort Myers Beach is now. Based at the Naples Daily News, Columnist Phil Fernandez (pfernandez@ grew up in Southwest Florida and has led Pulitzer Prize-winning efforts. He writes In the Know, one of USA TODAY Network's most read local news columns in the state. Support democracy. Subscribe to a newspaper. This article originally appeared on Naples Daily News: Fort Myers Beach future: 'Door that's never been opened on the island'
Fashion United
01-05-2025
- Entertainment
- Fashion United
Gianni Versace exhibition coming to London
The major Gianni Versace Retrospective exhibition, which has already visited the Netherlands, Poland, Germany, Sweden and Spain, is coming to London this summer featuring the largest collection of vintage Gianni Versace designs ever to be displayed in the UK. The Gianni Versace Retrospective will bring more than 450 original vintage garments and accessories, including those worn by Princess Diana, Kate Moss, Naomi Campbell, Sir Elton John, and George Michael, alongside personal sketches, interviews and photographs to the showcase the designer's craftsmanship, innovation, and unmistakable aesthetic. The exhibition will open at Arches London Bridge on July 16 and promises to offer fashion fans in the UK access to 'an era-defining collection of fashion masterpieces,' many of which have never been displayed in the UK before. Gianni Versace Retrospective exhibition in Malaga, featuring Kate Moss Credits: Gianni Versace Retrospective by Paula Caballero Curator Karl von der Ahe from Dreamrealizer, said in a statement: 'Bringing this retrospective to London feels especially meaningful. Gianni Versace's bold, unapologetic vision revolutionised fashion, and this city - so rich in creativity and cultural influence - provides the perfect stage to celebrate his legacy. We're thrilled to share these iconic pieces in one of the world's fashion capitals." Gianni Versace Retrospective to open in London on July 16 Organisers add that the exhibition has been updated and expanded for the UK and will offer a unique retrospective, which celebrates a visionary designer whose groundbreaking work catapulted the Versace brand to international success that has sustained almost 30 years after his death. The exhibit will offer a vibrant chronology of looks on display from 21 collections, from spring/summer 1988 to autumn/winter 1997-98, including opulent baroque prints to daring bondage designs, alongside original catwalk show footage, videos, magazines and photographs. Gianni Versace Retrospective exhibition in Malaga Credits: Gianni Versace Retrospective Liz Koravos, managing director of Arches London Bridge, added: 'Arches London Bridge is delighted to host this opulent journey through the life and career of Gianni Versace. As a genius of his time, it's fascinating to see these incredible collections assembled under the curved arches of the venue. Gianni Versace ties to so much in modern culture and his legacy is enduring, a mark of a talented designer. Versace was a pioneer in collaborative art, something that is commonplace these days. 'The crossover between fashion, music, pop culture, fine art, antiquities, sculpture and the rise of the supermodel is all encapsulated in his work. The biggest collection of vintage Versace to ever visit the UK will give visitors a kaleidoscopic view of the 90's. It's not to be missed.' Gianni Versace Retrospective exhibition in Malaga Credits: Gianni Versace Retrospective
The Independent
30-04-2025
- Entertainment
- The Independent
Gianni Versace exhibition to feature pieces worn by Princess Diana and Kate Moss
A retrospective exhibition of the work of Gianni Versace is to feature 450 items from the fashion designer's career, including clothes worn by Princess Diana, Kate Moss and Sir Elton John. The Gianni Versace Retrospective, held at Arches London Bridge, will also feature pieces worn by the likes of Naomi Campbell, George Michael and Liz Hurley, many of which have never been displayed before, when it opens on July 16. It will also look at the way Versace's work was inspired by London, and Versace's friendship's with Sir Elton and Diana, with 21 collections from Spring/Summer 1988 to Autumn/Winter 1997-1998 on display. Liz Koravos, managing director of Arches London Bridge, said: 'Arches London Bridge is delighted to host this opulent journey through the life and career of Gianni Versace. 'As a genius of his time, it's fascinating to see these incredible collections assembled under the curved arches of the venue. 'Gianni Versace ties to so much in modern culture and his legacy is enduring, a mark of a talented designer. 'Versace was a pioneer in collaborative art, something that is commonplace these days. The crossover between fashion, music, pop culture, fine art, antiquities, sculpture and the rise of the supermodel is all encapsulated in his work. 'The biggest collection of vintage Versace to ever visit the UK will give visitors a kaleidoscopic view of the 90s. It's not to be missed.' Tickets will go on general sale on May 21, with a pre-sale being held beforehand. Versace was murdered in 1997, leaving his sister Donatella to shape the brand's modern identity. She stepped down from her role as chief creative officer in March this year, being replaced by Dario Vitale. In recent years the brand has created designs beloved by the likes of Dua Lipa, Angelina Jolie and Sabrina Carpenter.
Yahoo
30-04-2025
- Entertainment
- Yahoo
Gianni Versace exhibition to feature pieces worn by Princess Diana and Kate Moss
A retrospective exhibition of the work of Gianni Versace is to feature 450 items from the fashion designer's career, including clothes worn by Princess Diana, Kate Moss and Sir Elton John. The Gianni Versace Retrospective, held at Arches London Bridge, will also feature pieces worn by the likes of Naomi Campbell, George Michael and Liz Hurley, many of which have never been displayed before, when it opens on July 16. It will also look at the way Versace's work was inspired by London, and Versace's friendship's with Sir Elton and Diana, with 21 collections from Spring/Summer 1988 to Autumn/Winter 1997-1998 on display. Liz Koravos, managing director of Arches London Bridge, said: 'Arches London Bridge is delighted to host this opulent journey through the life and career of Gianni Versace. 'As a genius of his time, it's fascinating to see these incredible collections assembled under the curved arches of the venue. 'Gianni Versace ties to so much in modern culture and his legacy is enduring, a mark of a talented designer. 'Versace was a pioneer in collaborative art, something that is commonplace these days. The crossover between fashion, music, pop culture, fine art, antiquities, sculpture and the rise of the supermodel is all encapsulated in his work. 'The biggest collection of vintage Versace to ever visit the UK will give visitors a kaleidoscopic view of the 90s. It's not to be missed.' Tickets will go on general sale on May 21, with a pre-sale being held beforehand. Versace was murdered in 1997, leaving his sister Donatella to shape the brand's modern identity. She stepped down from her role as chief creative officer in March this year, being replaced by Dario Vitale. In recent years the brand has created designs beloved by the likes of Dua Lipa, Angelina Jolie and Sabrina Carpenter.
