Restaurant Financing – Joy Peppers Fri, 04 Jun 2021 19:21:06 +0000 en-US hourly 1 Restaurant Financing – Joy Peppers 32 32 Naples Beach Hotel property sale rages on after neighbor’s legal challenge Fri, 04 Jun 2021 15:30:05 +0000

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Swedish start-up Klimato raises US $ 785,000 for its carbon labeling tool for restaurants Fri, 04 Jun 2021 00:18:00 +0000

3 Min reading

As carbon labeling becomes more and more common, a Stockholm-based startup Klimato closed SEK 6.5 million (approx. US $ 785,000) in a recent investment round. The capital will be used to fuel the company’s growth and the expansion of its software that helps catering businesses such as restaurants and caterers calculate the climate impact of their dishes and label their meals on carbon.

Klimato, the startup providing its smart climate labeling platform for food companies, raised 6.5 million SEK (approx. 785,000 USD) during a recent round table. The funding saw the participation of a number of local Swedish investors, including government-backed venture capitalI Almi Invest, leading the round with his contribution of SEK 2.9 million (approximately USD 350,000).

The Swedish startup says the funds will mainly be used to continue developing its technology and software, enabling “smart climate labeling” for its customers. Founded in 2017 by CEO Anton Unger, the company’s user-friendly online tool enables restaurants and caterers to calculate and communicate the climate impact of their meals.

Flow Food’s plant-based burger produces around 0.3 kg of CO2e, on average ten times less than a beef burger. (Image: Klimato)

It also provides restaurants with information on its overall climate footprint, changes over time, and comparisons between different outlets in a chain or seasonal menus. Klimato hopes that giving food companies information about the carbon footprint of their meals will allow them to make lasting changes over time and reduce emissions from their dishes.

It offers a service similar to the Helsinki-based startup Impact of biocode, whose computer software allows companies to identify ways to decarbonize their food production and to reliably measure the climate impact of their food products. My Emissions, meanwhile, aims to help food blogs label their recipes when it comes to carbon.

Other properties of Klimato’s software include climate goal setting and sustainability reports, aimed at their customers, investors and other stakeholders. Some of the clients that Klimato has worked with include the restaurant giant Sodexo, and a number of Swedish restaurants like Bastard Burgers, Oh Poké, Filmhuset Cream and Degrading.

Since working with Klimato, Bastard Burgers, now Sweden’s fastest growing burger chain, has seen sales of its climate-smart meals go from 7% to 28%. Filmhuset cream, on the other hand, succeeded in reduce the carbon footprint of meals by 29%.

Klimato helps food companies calculate the footprint of their dishes. (Image: Klimato)

Klimato’s funding announcement comes as carbon labeling in food is becoming a growing trend in the food industry, especially as companies seek to attract increasingly climate-conscious customers who begin to couple their individual imprint with what is on their plates.

SaladStop recently became the first restaurant chain in Asia to begin labeling their entire menu carbon, following the same move by Just Salad, a pioneer in the US restaurant industry. .

Carbon labeling has also become popular on retail food products, such as the British plant-based natural energy drink Tenzing, Upfield, the maker of plant-based dairy-free spreads like Flora and Becel, and the old meatless brand Quorn.

The latest to join the list is the animal-free ice cream brand Brave Robot, whose true lactose-free dairy products are made from Perfect Day’s precision fermentation whey protein. Brave Robot’s ice cream will now include not only production-related emissions, but also a QR code allowing customers to learn more about the brand’s sustainability practices.

All images are courtesy of Klimato.

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Paterson Negro League stadium redevelopment secures $ 94 million construction funding – Commercial Observer Thu, 03 Jun 2021 14:55:35 +0000

BAW Development, the company that manages the redevelopment of historic buildings Hinchliffe Stadium in Paterson, NJ, has secured $ 94 million in construction funding to move forward with a planned major redevelopment of the former Negro League baseball stadium, according to the developer’s information shared with Commercial Observer.

The financial package includes a $ 60 million construction loan of Goldman Sachs, as well as a new markets tax credit and a historic federal tax credit of $ 10 million from a American Bank subsidiary company (Bancorp Community Development Corporation of the United States).

Daniel Algiers, managing director and co-head of Goldman Sachs Asset ManagementUrban Investment Group said the project “will provide much-needed affordable housing for seniors, generate quality jobs and revive one of Paterson’s historic gems, providing incredible amenities that can be shared by the community for decades to come ”

“This project has raised the bar for public-private collaboration and community development and we couldn’t be happier to be a part of it,” Algiers added.

The project, officially called the Hinchliffe Stadium Neighborhood Restoration Project (HSNRP), will see the redevelopment and restoration of one of the country’s last remaining venues that hosted Negro League baseball games in the early to mid-20th century. .

The Hinchliffe Stadium was originally built in 1932 and has hosted a number of teams that have played in the Negro League baseball network. It quickly became a hub of Paterson sports and entertainment, hosting years of local high school sports, comedy events, concerts, boxing, and even at one point, stock car racing. It closed in 1996 and has since been the victim of neglect and vandalism as the city explored ways to revitalize and use it.

BAW, led by Baye Adofo-Wilson, is a project partner with RPM Development Group, who led the management and arrangement of the funding, the company said. Over the past few years, Adofo-Wilson has worked with the town of Paterson – his hometown – to put the puzzle pieces together for make development a reality.

The developer’s plans include a revitalization of the 7,800-seat stadium, as well as the addition of a six-story, 75-unit senior apartment building, a 5,200-square-foot preschool and a parking garage. 315 places. The stadium will also feature a two-story restaurant and 12,000 square foot museum, which will showcase the history of Negro League baseball and the legacy and importance of Hinchliffe to the town of Paterson, according to BAW and New Jersey. Economic Development Authority.

US Bank’s capital was provided as part of an ongoing initiative to support minority-owned businesses and advance communities of color, according to BAW and US Bank.

“We are looking for ways to lend, invest and influence capital in ways that advance racial equity, and this project will,” said Steve kramer, a first vice-president within the Bancorp Community Development Corporation of the United States. “This will catalyze tourism and stimulate investment in Paterson, a diverse and underserved community. It will create state-of-the-art recreational facilities for the youth of Paterson. And that includes requirements to hire from the local community and award contracts to small businesses owned by minorities and women. “

Alongside the US Bank’s community development entity, three other community development groups have come together to provide $ 21 million in equity capital from the New Markets Tax Credit in support of the redevelopment – New Jersey Community Loan Fund, America Consortium and RBC Community Investments. Goldman Sachs, through the construction loan it issued, also recovered a bond issued by the Passaic County Improvement Authority.

The developers said that Goldman’s construction loan was essentially serving as a bridging loan for the New Jersey Economic Growth and Redevelopment (ERG) tax credits that were approved a few months ago. from New Jersey AED approved the $ 67.2 million issue in ERG tax credits in February, about $ 17.3 million more than originally planned.

The stadium redevelopment began in April, around the opening month of the 2021 Major League Baseball season. The developers expect construction to take 18 months, with delivery slated for fall 2022.

[This was a unique] project that required a remarkably creative fundraising strategy. We had to dig deep into the community development toolbox, ”said RPM Development. Joe portelli. “We’ve been so focused for so long that it’s as easy to forget that [our partners] made their commitments at the height of the COVID-19 pandemic and in a time of great uncertainty. “

Adofo-Wilson said he was grateful “for the diverse group of financial partners who have come together to fund the reinvention of this historic site … Given the challenges of the past year, moving this long-awaited infrastructure project forward required very complex creative funding. structure of all parts.

His company predicts that the development will create around 94 temporary construction jobs and seven permanent full-time jobs and 30 permanent part-time jobs at its facilities. (One-third of these jobs will be reserved for minorities and local residents.)

The stadium has been owned by the Paterson public school system since the 1960s, with BAW locking in a controlling interest in the property that year. The new Hinchliffe will serve as home to a number of John F. Kennedy High School sports, and it will also host concerts, festivals, sports camps and also semi-pro and professional sports, according to BAW.

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Ali Group confirms its proposal to acquire Welbilt Wed, 02 Jun 2021 18:01:16 +0000

CHICAGO – In response to media reports, Ali Holding Srl (“Ali Group”), one of the world’s largest and most diverse leaders in the catering equipment industry, today confirmed that on May 25, 2021, he submitted to the board of directors of Welbilt, Inc. (NYSE: WBT) a proposal under which Ali Group would purchase all of the outstanding common shares of Welbilt for $ 23.00 per share in cash. This proposal represents a premium of 47.2% over the Welbilt share price on April 20, 2021, the last trading day preceding the announcement by The Middleby Corporation (NASDAQ: MIDD) of its current transaction with Welbilt, and a premium of around 13.9% of the implied value of the Middleby transaction as of May 24, 2021, the last trading day before Ali Group submits its proposal to Welbilt.

Ali Group has significant liquidity and has received a high confidence letter from Goldman Sachs International for new financing to fund the proposed transaction. Ali Group will obtain firm and fully subscribed letters of commitment for any debt financing prior to the signing of a definitive merger agreement, which will not contain any financing conditions. Ali Group is also very confident that the proposed transaction will obtain all necessary regulatory approvals in a timely manner without the uncertainty created by the antitrust provisions contained in the Middleby transaction.

Ali Group issued the following statement:

Ali Group has a 60-year history in the catering equipment industry and has long admired Welbilt. Our $ 23 per share proposal offers significant cash bonus value to Welbilt shareholders and is superior in all respects to Welbilt’s pending transaction with Middleby. In addition to superior value, our proposition offers greater certainty of closing for Welbilt and its shareholders. We and our advisors look forward to working with Welbilt and its advisers to negotiate and quickly finalize a final agreement.

Goldman Sachs & Co. LLC is acting as financial advisor to Ali Group, and Alston & Bird is acting as legal advisor.

About the Ali group
Founded in 1963, Ali Group is an Italian company headquartered in Milan, Italy, with North American operations based in Chicago, Illinois. Through its subsidiaries, the company designs, manufactures, markets and services a wide range of commercial and institutional catering equipment used by large restaurant and hotel chains, independent restaurants, hospitals, schools. , airports, correctional facilities and canteens.

Ali Group and its 80 global brands employ around 10,000 people in 30 countries and, in terms of sales, is one of the world’s largest groups in this industry. It has 58 manufacturing plants in 15 countries and sales and service subsidiaries in Europe, North America, South America, the Middle East and Asia-Pacific.

For more information on Ali Group products and services, visit

Additional information and where to find it

This communication does not constitute an offer to buy or the solicitation of an offer to sell securities. This communication concerns a proposal made by Ali Group for a business combination transaction with Welbilt, Inc. As part of this proposal and subject to future developments, Ali Group (and, if a negotiated transaction is accepted, Welbilt) may file one or more proxies or other documents with the SEC. This communication does not replace any proxy statement or other document that Ali Group and / or Welbilt may file with the SEC in connection with the proposed transaction. INVESTORS AND HOLDERS OF SECURITIES IN WELBILT ARE ADVISED TO READ CAREFULLY THE FORM OF PROXY AND OTHER SEC-FILED DOCUMENTS IN ITS ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Any definitive proxy (if and when available) will be sent by post to Welbilt shareholders. Investors and security holders will be able to obtain free copies of these documents (if and when available) and other documents filed with the SEC by Ali Group through the website maintained by the SEC at

Participants in the call for tenders

Ali Group and certain of its directors and officers may be considered participants in any solicitation relating to the proposed transaction under the rules of the SEC. Information regarding the interests of such participants in any such proxy solicitation and a description of their direct and indirect interests, by title or otherwise, will be included in any proxy circular and other relevant documents to be filed with the SEC if and when they become available. These documents can be obtained free of charge from the sources indicated above.

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Urban Company Home Services Platform Raises $ 255 Million at $ 2.1 Billion Valuation – TechCrunch Wed, 02 Jun 2021 05:32:19 +0000

Home services market Urban Company announced on Wednesday that it had raised $ 255 million in a new funding round and confirmed a valuation of $ 2.1 billion, joining more than a dozen other startups in India. who achieved unicorn status this year.

The new funding round – an F Series – was led by Prosus Ventures, Dragoneer and Wellington Management, while Vy Capital, Tiger Global and Steadview participated. The Gurgaon-based startup said * the new round includes a $ 188 million primary capital injection while the rest of the capital comes from a secondary sale by angel investors and other early stage investors.

Formerly known as UrbanClap, the seven-year-old startup offers a range of home services on its platform. Does your air conditioner need maintenance? TV is not working? Does the house need a new coat of paint? Plumbing problems? Need your cleaned and disinfected? How about a haircut done in a location of your choice?

These are just a few of the services Urban business offers its customers, who can place an order through the startup’s app or website and choose the right time and place.

The idea for the startup came from its three co-founders, who in their early 20s wondered why no one else was trying to tackle the industry, which remains largely unorganized, said Raghav Chandra, founder of Urban Company, in an interview with TechCrunch.

What started as an idea is now a unicorn. The startup now operates in 35 cities in India, Singapore, Australia, the United Arab Emirates and the Kingdom of Saudi Arabia. More than 35,000 service partners are active on the platform, said Chandra, who is the chief technology officer for Urban Company.

“Urban Company is disrupting a large and fragmented industry that has seen low digital adoption so far,” said Ashutosh Sharma, India Investment Manager at Prosus Ventures.

With its technology platform and willingness to provide trained and high quality service partners, Urban Company has been able to accomplish the very difficult task of producing services. In addition, the initial traction with international expansion into geographies we know well is encouraging and presents a significant growth opportunity in the future, ”he added.

The startup’s rapid growth was sharply paced last year after New Delhi imposed a nationwide lockdown to contain the spread of the coronavirus. Chandra said the startup started to recover last year after the nation started to reopen and had its best month yet in March of this year.

Chandra said the startup will deploy the new capital to further expand in the markets it operates in and work on ways to strengthen the integration, training and safety of service workers on the platform. It is also looking to expand its technology team.

Urban Company spends weeks training and developing the workers who join its platform, Chandra said. Today, the startup also allows workers with expertise in one category to learn about other categories, increasing their chances of getting more work and earning more. Chandra said offering worker development courses will remain one of the key areas as the startup grows.

* The startup had disclosed the new fundraiser in a file with the local regulator in April, but co-founder and chief executive Abhiraj Singh Bhal declined to comment at the time, citing the increase in coronavirus cases in the country.

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June 1, 2021 – Minnesota lawyer Tue, 01 Jun 2021 11:42:19 +0000

the Minnesota State Bar Association (MSBA) recognized 73 Fredrikson and Byron lawyers such as North Star Lawyers.

North Star lawyers are members of the MSBA who provided 50 or more hours of pro bono service to low-income individuals or organizations serving economically disadvantaged people in the 2020 calendar year. In 2020, 757 MSBA members are committed to serving those with limited means and have provided a total of over 86,000 hours of pro bono service worth an estimated $ 21.5 million in free legal advice.

The MSBA has recognized the following Fredrikson & Byron Lawyers as North Star 2020 Lawyers: Jacob M. Abdo, Beverley L. Adams, Kristy L. Albrecht, Samuel M. André, Jacob J. Baer, James L. Baillie, Jesse C. Beier, Larry J. Berg, Lukas S. Boehning, Matthew T. Boos, Gail F. Brandt, Philip S. Bubb, David P. Bunde, Olivia E. Cares, Edward Q. Cassidy, Joseph J. Cassioppi, Emily M. Chad, Michael R. Cummings, Clint E. Cutler, Daniel P. Deveny, Joseph T. Dixon, III, James E. Dorsey, Rachel L. Dougherty, Erin M. Edgerton Hall, Malissa C. Eng, John J. Erhart, Mary L. Fee, Leah K. Flygare, Dulce J. Foster, Jacob P. Harris, Melissa R. Hodge, Christian V. Hokans, Lousene M. Hoppe, Noah M. Huisman, Leah M. Huyser, Gracie hyland, Leigh-Erin Irons, Leah C. Janus, Jade B. Jorgenson, Patrick j kelly, John M. Koneck, Ann M. Ladd, Jacob D. Levine, Lynn S. Linnaeus, Warren E. Mack, Barbara marchevsky, I. McGarraugh bet, Amanda M. Mills, Nicole M. Moen, Bryan J. Morben, Katie A. Perleberg, Zachary S. Pratt, Jennifer R. Pusch, Kurt R. Rempe, Kristy dahl rogers, Mark D. Savin, Karen G. Schanfield, Jessica r sharpe, Sandra Smalley-Fleming, James H. Snelson, Richard D. Snyder, Erik A. Splett, Anupama D. Sreekanth, Matthew L. Stortz, David M. Streier, Nicole a swisher, Ashley R. Thronson, David B. Tibbals, Benjamin R. Tozer, Sarah E. Tucher, Haley Waller Pitts, Matthew P. Webster, and Ryan C. young.

The MSBA is committed to closing the justice gap for low-income Minnesotans by connecting its members with opportunities to serve legal services clients. Through presentations, training, recognition and articles, the MSBA promotes the value and importance of volunteer work, as expressed in rule 6.1 of the Rules of Professional Conduct. The MSBA also supports, a collaboration with the Legal Services State Support Center and Pro Bono Net, designed to provide a central online resource for volunteer lawyers.


Brittany Kennedy

Maslon LLP adds corporate and securities lawyer Brittany Kennedy at the law firm.

Kennedy’s extensive expertise covers general corporate law, banking and loans, contracts, and mergers and acquisitions. She has particular skills in real estate transactions.

While getting his law degree cum laude from the University of St. Thomas, Kennedy worked as a Compliance External for the US Bank, where she gained a unique understanding of internal teams and operational structures. Kennedy’s practice further bolstered by a bachelor’s degree cum laude in Business Economics from St. Cloud State University.


Zelle LLP has expanded its commercial and antitrust litigation capabilities with the addition of William bornstein at the company’s Minneapolis office.

Bornstein, a former partner at Robins Kaplan in Minneapolis, is a litigator whose experience includes a wide range of complex commercial litigation. He has successfully represented clients from many different industries as plaintiffs and defendants in high stakes and high value commercial litigation. And he maintained a special focus on helping clients tackle the unfair, deceptive and novel forms of misconduct occurring in their industries.

Bornstein has also led pro bono efforts to help veterans who have suffered trauma while serving their country to correct unfair designations in their military records.

Bornstein holds a law degree from Yale University and a bachelor’s degree from the University of Michigan.


Chambers USA, a leading guide to the legal profession, lists six Winthrop & Weinstine, PA, attorneys and three practice groups as leaders in its 2021 edition. London-based chambers have become widely accepted in recent years as the standard for legal distinction, both in the United States and around the world.

The firm has been recognized for its expertise in corporate law / mergers and acquisitions, general commercial litigation and real estate law.

The Corporate / M & A practice has been recognized as a “well-known corporate practice, with expertise in the full spectrum of transactional and corporate governance matters”. Chambers highlighted the team’s experience in the healthcare and medical device industries, as well as franchise issues.

The Commercial Litigation team has been recognized for its “strong bench of expert trial lawyers” who are “particularly adept at handling insurance disputes, construction and real estate disputes, creditors’ claims and business matters. antitrust, including on behalf of Fortune 100 companies ”.

The Real Estate group “stands out for its solid real estate financing practice on the lender side and its strong presence in the local tax credit market. “The team is“ sought after for its strengths in historic rehabilitation projects and also known for its advice on transactions involving Section 1031 exchanges. ”The group was highlighted for its handling of real estate disputes.

Additionally, six lawyers from Winthrop & Weinstine have been recognized as “leaders in their fields” for their work in Minnesota, placing them at the top of their practice areas:

Timothy barnett: Barnett is legal and transactional advisor to national, regional and local companies in the construction, manufacturing, software development and licensing, real estate, quick service restaurants and franchise businesses. Combining his legal and CPA backgrounds, he advises on complex transactions including acquisitions and sales, venture capital investments, strategic alliances, and debt and equity financings.

Thomas boyd: Boyd’s practice includes general commercial litigation, estate and trust matters, employment, eminent domain and land use, product liability, and insurance coverage litigation. He is recommended for his prominent practice in the right of appeal, dealing with civil appeals at the national and federal levels. He is described as “a formidable appellate litigator” who is “respected in the market for his appearance in appellate courts”.

Tammera Diehm: Diehm is chairman of the firm and represents local and national clients of all sizes in real estate transactions, including buying, selling, leasing, development and financing. She frequently assists clients with multi-unit transactions, including those involving the downstream energy sectors, convenience stores and franchise quick-service restaurants. She helps clients navigate all of the complex aspects of owning or occupying real estate, including complicated zoning, land use, government approvals or regulatory compliance.

Jon hoganson: Hoganson is a shareholder practicing in the fields of banking, real estate and general corporate law. In addition to representing numerous financial and institutional lenders, he has also acted as a development advisor in the context of the acquisition, development, financing, leasing and sale of all types of commercial real estate. He is described as “a very responsive lawyer with very good client service”, with a “strong real estate finance practice”.

Matthew McBride: McBride focuses his practice on construction litigation and represents financial institutions and other commercial companies on matters relating to commercial litigation. His general business and commercial litigation experience includes shareholder disputes, contracts, product liability and labor disputes.

Todd Urness: Urness advises homeowners, developers, investors, banks, syndicators and other financial or lending institutions on complex issues of real estate development and financing, including tax-exempt bonds, incremental financing. ‘tax, tax credits, joint ventures and partnerships and government grants. It focuses on the development and financing of multi-family housing, including rental and for sale housing, as well as commercial and mixed-use facilities.

The chambers’ selection of the best firms and lawyers is based on interviews with in-house legal departments and lawyers from across the country, with the final ranking being made by a panel of national jurists and jurists. Rankings and editorial comments on lawyers are independent and objective.

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Four Corners Property Trust Acquires WellNow Urgent Care Property for $ 2.3 Million; Street says buy Mon, 31 May 2021 14:57:09 +0000


3 Strong Buy stocks with 100% upside potential

Every stock investor wants a high return; it’s axiomatic, which is why people go public to begin with. But markets are inherently risky, and finding the sweet spot – the right mix of risk and reward – seems as much an art as a science. You can however use science to minimize the risk. We are talking about statistical science, the study of numbers, their patterns and the relationships between them. This can give investors an objective view of the larger market or specific stocks, and can even be used to measure the success of these stock performers, professional traders and analysts. We used the tools on the TipRanks platform to sort publicly traded stocks and find three that have a strong combination of risk and reward. Specifically, we looked for Strong Buy stocks that have recently received analyst approval, as well as a price target suggesting upside potential of 100% or more. Doubling your money seems like a good return, so let’s find out what else these stocks have for them. Rezolute (RZLT) We’ll start with the biopharmaceutical industry, where Rezolute specializes in the development of drug therapies – new drugs – for patients with difficult-to-treat metabolic disorders. These are often seen as orphan diseases, diseases that have very few patients and therefore a limited market. Rezolute is currently working on two pipeline projects, both for conditions similar to or related to diabetes. The Company’s lead drug candidate, RZ358, is currently in an open label Phase 2b study as a treatment for congenital hyperinsulinism (CHI), a rare pediatric disease in which the pancreas produces too much insulin , resulting in extremely low blood sugar, with cascading effects throughout the body. RZ402, the second drug candidate, is in phase 1 clinical trials. This is an oral treatment for diabetic macular edema, one of the causes of blindness in diabetes. In its recent financial report for the third quarter of fiscal 2021, Rezolute included updates on the development of the two main drug candidates. For RZ358, the company noted that the phase 2b RIZE study was still enrolling patients and that baseline data should be available during 2H21. For the Phase 1 study of RZ402, Resolute announced that the trial has ended and initial results show that oral administration once daily is feasible. The company will launch a Phase 1b trial in 3Q21, as a step towards Phase 2 studies. Regarding the financial results, Rezolute said it has on hand $ 32 million available in cash and cash equivalents, enough to fund. operations through the third calendar quarter of 2022. HC Wainwright five-star analyst Douglas Tsao began his coverage of RZLT with an optimistic outlook, writing: “Rezolute is set to step into the limelight with two assets to the mechanisms Unprecedented… Despite assets with promising data and differentiated mechanisms, Rezolute has been largely overlooked by the investment community, which we largely attribute to its entry into the public markets via a reverse merger and an OTC List. keys ahead and a recent NASDAQ listing, we think it’s time for investors to pay attention to this story. Tsao is giving the stock a no. te purchase and a target price of $ 21, which implies an increase of 103% for the coming year. (To see Tsao’s review, click here.) The Strong Buy consensus rating on RZLT shares is based on 3 recent reviews – and they are all positive, unanimously agreed by consensus. The shares are priced at $ 10.33, with an average price target of $ 25.33, making the one-year upside potential a solid 145%. (See Rezolute’s market analysis on TipRanks.) Westport Fuel Systems, Inc. (WPRT) Next, we have Westport Fuel Systems, a company that operates in the green sector of the energy and transportation industry, producing natural gas engines and associated fuel system components, for personal and commercial vehicles. Westport is a leader in high pressure direct injection technology and also produces engines designed for propane or hydrogen fuels. Westport holds 1,400 patents or patent applications relating to alternative fuel systems. Last year, the company achieved sales in 70 countries, with total revenue of $ 252 million. In the current year’s first quarter report, Westport reported revenue of $ 76.4 million, beating estimates of $ 3.81 million and up 14% from 1Q20, putting the company on track to beat last year’s total. The company recorded a net loss in the first quarter; however, despite the lack of $ 0.01 from the street forecast, the loss of 2 cents per share was well below the loss of 12 cents recorded in the last year’s quarter. Westport has a stated goal of reaching $ 1 billion in annual business by the middle of this decade. Amit Dayal, 5-star analyst at HC Wainwright, covers this headline, and he was impressed with the first quarter results. Dayal wrote: “The strength in year-over-year revenues is attributed to a 25.0% increase in OEM sales supported by demand for light vehicles. Gross margins for the quarter improved to 17.0% from 15.5% in 4Q20, supported by the product mix. Regarding the outlook for the company, the analyst added, “A key takeaway from the call was management’s increasing focus on growth in North America. We believe regulators in this geography are now pressuring fleet owners to look for cleaner trucks. This, in our opinion, plays on the company’s available solutions that already meet this need. Consistent with these comments, Dayal rated the WPRT shares as a buy. Its price target, at $ 16, indicates confidence in a 155% rise for the 12-month nest. (To view Dayal’s track record, click here.) Like RZLT above, Westport received 3 positive stock reviews for a unanimous Strong Buy consensus rating. WPRT shares have an average price target of $ 13.33, which implies a one-year increase of 112% from the current price of $ 6.26. (See Westport stock market analysis on TipRanks.) Ayr Wellness (AYRWF) For the last headline on our list, we’ll look to the fast-growing cannabis industry. Ayr Wellness is a United States-based cannabis company, an MSO (multi-state operator) with operations ranging from growing the plants to distributing the product. Ayr has dispensaries in Arizona, Florida, Massachusetts, Nevada and Pennsylvania, and offers a range of products for medicinal and recreational users. The legal cannabis market is young and continues to grow rapidly. In Ayr’s 1Q21 report, the company showed a 74% year-over-year gain to $ 58.4 million. Ayr focused on expanding his footprint. During the quarter, he completed the acquisition of Liberty Health Sciences in Florida. The move added 42 dispensaries to Ayr’s Florida operation, giving the company the fourth-largest “ cannabis footprint ” in the third-largest state. Ayr also made acquisitions in Arizona and Ohio, with Ohio operations scheduled to begin in the next quarter. The company plans to enter the New Jersey market by the end of the summer. Echelon analyst Andrew Semple sees the company’s expansion as the driving force here, and he writes of Ayr: “We expect strong growth to come with our forecast for sales to exceed 120. million by Q420, more than double Q1 levels. In the coming quarters, Ayr will benefit from the full first quarter of the contribution of its operations acquired in Arizona and Florida, the closing of the acquisition of Garden State Dispensary in New Jersey (expected in Q321), significant increases in capacity in Arizona, Pennsylvania, Florida, New Jersey, and Nevada (as well as MA / OH due to go live in 2022), and 14 new dispensaries operational by YE 2021 compared to QE Q121. Semple, a 5-star analyst ranked among Wall Street’s Top 100 Analysts, gives stocks a buy rating and raises his price target from C $ 70 ($ 58) to C $ 74 ($ 61), suggesting a 100% increase for the coming year. . (To see Semple’s track record, click here.) There are 5 recent reviews on this stock, with a 4: 1 split in favor of buy over hold, all merging into a Strong consensus rating. Buy. The average price target is $ 45.58, which implies a 49% hike in the coming year. (See Ayr Wellness stock market analysis on TipRanks. To find great ideas for trading stocks at attractive valuations, visit Top Stocks to Buy from TipRanks, a newly launched tool that brings together all the information about stocks from TipRanks Disclaimer: The opinions expressed in this article are solely those of featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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Bielat Santore & Company sells Simko’s, Neptune, New Jersey Sun, 30 May 2021 01:15:00 +0000

Tornado or no tornado – Simko’s sells

NEPTUNE, NJ (PRWEB) May 29, 2021

On March 28, two days after owner Mike Simko signed a contract to sell his restaurant at 1311 Highway 35, Neptune, Monmouth County, New Jersey, “straight-line winds” of around 70 mph ripped through his neighborhood, leaving scattered debris, downed poles and wires and damaged vehicles in its wake. The rapid storm caused destruction at Simko’s restaurant, but did not defeat his deal.

According to Richard Santore of Bielat Santore & Company, Allenhurst, New Jersey, the broker for the sale, real estate at 1311 Highway 35, Neptune was sold to a real estate investor and the restaurant business itself sold to an independent restaurateur. . Mike Simko has spent most of his adult life in the restaurant business. Originally at Simko in Sayreville, New Jersey; he also had restaurants in Brick and Brielle. When he sold his location to Brielle in 2018, Mike bought the Neptune location which was previously occupied by Yvonne’s and before, Jack’s Rib and Ale House.

Completed in 2018, Simko’s Grill, Neptune is considered by many to be one of the best values ​​in a Jersey Shore restaurant. It is easily accessible from Highway 35 at the Belmar / Neptune border. The 32 stool bar has 14 televisions giving guests the ability to watch all of their favorite sporting events. The two dining rooms can accommodate another 150 quests and there is an outdoor bar and terrace that can accommodate 80 people. Business was growing steadily in 2018 and 2019; then like all other restaurants, the coronavirus pandemic abruptly ended all business in March 2020.

“This transaction was bifurcated: a buyer for real estate and a buyer for the company,” continues Santore de Bielat Santore & Company. The Real Estate Buyer is a private real estate development and investment company, investing in both enhanced real estate and land development opportunities to create and capture value. The company has interests in New Jersey, Georgia, Virginia and Florida. The catering business was purchased by an experienced operator who has worked throughout Monmouth County in various positions and roles within the industry. Although separate transactions, the closings took place simultaneously.

The restaurant will remain open like Simko, six days a week (closed Mondays) throughout the summer and fall, allowing for a name and concept change, as well as minor cosmetic renovations in the winter. .

About Bielat Santore & Company

Bielat Santore & Company is a well established commercial real estate company. The company’s expertise lies mainly in the restaurant and hospitality sector, specializing in the sale of restaurants and other real estate activities in the food and beverage sector. Since 1978, Bielat Santore & Company executives Barry Bielat and Richard Santore have sold more restaurants and similar type properties in New Jersey than any other real estate company. In addition, the firm has obtained more than $ 500,000,000 in financing to facilitate these transactions. Visit the company’s website, for the latest news announcements, property searches, available land, market data, funding trends, RSS feeds, press releases and more.

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Chris Williams takes cover on Wikipedia due to failed subway business Sat, 29 May 2021 02:20:00 +0000

As a reality TV show that matches couples who will meet for the first time on their wedding day, Married at first sight naturally shows its share of drama. But season 12 had a cast member who really shocked viewers with his bad demeanor. Chris Williams just didn’t impress the folks on the show. He didn’t get along with the cast, treated his new wife badly, went on vacation with his ex-girlfriend, and seemed to threaten people who criticized him.

By the end of the season, he was generally hated by fans of the show. Eagle-eyed viewers noticed something about her profile on the MAFS Wikipedia page that made them wonder if they are not the only ones to give him shade.

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FCPT announces the acquisition of a WellNow Urgent Care property for $ 2.3 million Fri, 28 May 2021 20:51:00 +0000


Billionaire George Soros chooses these 3 “Strong Buy” actions

Some investors achieve legendary status, far surpassing their peers through a combination of luck and success. No one is perhaps more representative of it than George Soros, the Holocaust survivor who after the war earned a doctorate from the London School of Economics and went into banking to make his mark. He was very successful. The hedge fund he founded, Soros Fund Management, achieved an average annualized return of 33% from 1970 to 2020, making it the most successful hedge fund in history. Soros’ greatest success came on September 16, 1992, when he “broke the Bank of England”. He had taken a short position on the pound sterling, which rose to $ 10 billion, and when the pound fell in response to the policy shift, he personally gained $ 1 billion in a single day. Soros hasn’t always been right in his financial appeals, but he’s more often right than wrong. He is also known for his good words when it comes to trading. “It’s not whether you’re right or wrong,” Soros said, “but how much money you make when you’re right and how much you lose when you’re wrong.” With this in mind, we decided to take inspiration from the recent activity of Soros Fund Management. By managing three stocks that the fund picked up in the first quarter through the TipRanks database, we found that the analyst community was on board as well, as each carries a “Strong Buy” consensus rating. Farfetch, Ltd. (FTCH) We will start with an online retail inventory, Farfetch, a company specializing in the sale of luxury products and brands. Farfetch is a truly international company, founded in Portugal, headquartered in London with offices in New York and Los Angeles, Tokyo and Shanghai, and Brazil. Like many tech-focused companies, Farfetch operated at a loss – but in the first quarter of this year the company made a sharp turnaround in profitability. The 1Q21 earnings report showed an after-tax profit of $ 516.7 million, compared to a quarterly loss of $ 79.2 million a year ago. The company disclosed that this gross profit included a one-time non-cash benefit of $ 660 million “arising from the lower impact of the share price on items held at fair value and revaluations.” Total operating revenue was reported at $ 485 million, up 46% year-over-year, and above the $ 457 million expected by analysts. A key metric, the gross merchandise value of orders processed on the company’s platform, increased 49% year-over-year to $ 915.6 million. Farfetch’s success is built on a strong user base. The company has more than 3 million active customers and operates in 190 countries. The platform’s vendors have made available more than 1,300 luxury brands. Even after a decline in the stock’s value in the first half of 2021, the stock has still risen 234% in the past 12 months. Among the FTCH fans is Soros. In his most recent disclosure, Soros revealed that his fund had purchased 125,000 shares of FTCH, a stake now valued at more than $ 5.5 million. As for the analyst community, Credit Suisse 5-star analyst Stephen Ju credits FTCH with an outperformance (i.e. a buy) with a price target of $ 78. Investors are expected to pocket a gain of around 88% if the analyst’s thesis comes to fruition. (To view Ju’s track record, click here) “We have a positive opinion on the Company’s continued Adjusted EBITDA forecast as Farfetch will reinvest the highest revenue contributions into customer acquisition – supporting long-term adoption rates. We are modeling ~ 700,000 new customers for 2021, ~ 600,000 for 2022 and from 2023 our expectations are also unchanged at ~ 1.2 million to 1.5 million, ”Ju said. The analyst summed up: “Our investment thesis points remain: 1) the large addressable $ 300 billion market remains fragmented and underpenetrated, 2) relative protection against competition from larger cap online competitors. , 3) exposure to the growing adoption of luxury goods in the APAC region as well as emerging markets. ”Most analysts support Ju’s confident view of the online fashion company, as TipRanks analyzes present FTCH as a strong buy. Based on 8 analysts polled in the past 3 months, 6 attribute the stock to a buy, while 2 attribute it to a wait. The 12-month average price target is 60. $ 63, which is an increase of around 37% from current levels. (See FTCH market analysis on TipRanks) Coursera (COUR) The next stock we are looking at, Coursera, is a MOOC company – a provider very open online course. C he niche is leveraging the size and reach of the Internet to make a wide range of high-level university courses available to the general public. Coursera is a leader in the field and, since its inception in 2012, it has made available over 4,000 courses from over 200 universities, in over 30 study programs, and at a lower cost than coursework. in person. Through Coursera, students can take courses at top schools such as Imperial College London, University of Illinois at Urbana-Champaign, University of Michigan, and Johns Hopkins. The company boasts that over 77 million students have used its services. Although the company is 9 years old, it is new to public procurement; Coursera held its IPO at the end of March this year. It made 15.73 million shares available on the NYSE, at an opening price of $ 33. It was the high end of the original price range, which was set between $ 30 and $ 33. Overall, the IPO raised $ 519 million, before expenses. In early May, Coursera published its first quarterly report since its IPO. The report showed total revenue of $ 88.4 million, a 64% year-over-year gain. The company’s gross profit, at $ 49.5 million, was up 71% from the quarter last year. George Soros saw an opportunity in this IPO, and his fund picked up 105,000 shares of the company. This new position is valued at ~ $ 4 million at the current share price. Among the bulls is 5-star analyst Ryan MacDonald, of Needham, who presents a clear and bullish case for Coursera shares. “Given the growing role of automation, the widening of the skills gap and the shift to e-learning, we believe that Coursera’s comprehensive platform will help it gain shares in a large TAM that we estimate between $ 47 billion and $ 50.6 billion. As the COVID-focused tailwind for the growth of enrolled learners in FY20 creates a difficult comparison for the consumer segment in FY21, we believe that Coursera’s effective GTM move and the passage higher value corporate and degree offerings can generate 25% + sustainable growth and gross margin expansion, ”MacDonald noted. To that end, MacDonald gives COUR a buy rating and his price target of $ 56 indicates confidence in a 47% hike over the next 12 months. (To view MacDonald’s track record, click here) During its short time on the stock market, COUR garnered 14 analyst reviews, with a split of 12 buys into 2 holds to support the Strong Buy consensus rating. The shares are trading at $ 38 and their average price target of $ 54.67 implies a one-year rise of 44%. (See COURT Stock Analysis on TipRanks) Sotera Health (SHC) Last on our list of new positions from George Soros is Sotera Health, a holding company whose subsidiaries offer a range of consulting, laboratory testing and sterilization services in the health sector. Sotera’s activities serve more than 5,800 healthcare customers in more than 50 countries. The company has 13 laboratories capable of performing more than 800 tests and 50 sterilization facilities. Sotera’s customer base includes 75 of the top 100 medical device manufacturers and 8 of the top 10 pharmaceutical companies. SHC’s shares went public on November 24 last year, in an IPO that sold 53.6 million shares and raised $ 1.2 billion. The capital raised was used to repay the existing debt. The company has worked diligently to reduce debt levels and, in the 1Q21 report, said it has total debt of $ 1.87 billion and free cash flow of $ 108 million. First quarter net sales were $ 212 million, up 13% from the previous year. Net income showed a strong gain, going from a loss of 1 cent per share a year ago to earnings per share of 4 cents. In the first quarter, Soros took a new position in Sotera, buying 179,274 shares of the title. At the current share price, this stake is worth over $ 4.3 million. Tycho Peterson, 5-star analyst at JPMorgan, likes SHC and rates the stock overweight (i.e. buy). Its price target of $ 35 suggests a 45% rise from current trading levels. (To see Peterson’s track record, click here) Supporting his position, Peterson writes: “First quarter results have been generally strong, and while the outlook remains unchanged, it should provide an upward path for the 2021 balance. , as we continue to be fans of the company’s diverse operating platform, rigorous multi-year contracts, effective pricing strategy and strong regulatory oversight, while supporting its broad competitive divide, with FCF to support the deleveraging… ”Overall, The Street is unanimous in its outlook on Sotera shares; the stock recently received 8 positive reviews supporting its Strong Buy analyst consensus rating. The shares are trading at $ 24.06 and their average price target of $ 31.75 implies a year-over-year rise of ~ 32%. (See SHC Stock Analysis on TipRanks) To find great ideas for stocks traded at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that brings together all the information about TipRanks stocks. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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