In March, investors committed $125 million to a private investment in public equity in support of the transaction. At that time, the companies said the deal would provide approximately $317 million unrestricted cash to the vertical farmer to fund future development. But in August, the companies announced the deal needed more cash to move forward.
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Food & Hospitality
Prudential to give its Devils helmet placement to Black-owned biz for 13 games
Companies can submit applications for the 2021-22 season starting Oct. 13, with the winner to be named in mid-November and to appear on helmets starting in December.
Read More »Rowan breaks ground on $73M fossil museum
The 44,000 square-foot Jean & Ric Edelman Fossil Park Museum will be set on a 65-acre property in Mantua Township that once was a marl quarry. It is expected to create hundreds of jobs and to eventually welcome 200,000 or more guests per year.
Read More »Ocean Casino Resort CEO Glebocki resigns (updated)
It is not immediately clear why she is leaving, but Terry Glebocki, who will also step down from her role at the Casino Association of New Jersey, helped to keep the gaming palace afloat during the worst of the COVID-19 closures and restrictions, making it one of Atlantic City’s top performers for the 19 months of the pandemic.
Read More »Opportunity roasts
Java Love's empire includes four shops and a wholesale business that supplies coffee for the historic Phoenicia Diner and lifestyle brand Beekman 1802, among others. In August, it launched a Women's Coffee Producers series that has so far featured "joe" produced in Mexico, Honduras, El Salvador and Peru.
Read More »Old York Cellars partners with Run-DMC’s McDaniels on wine launch
“Music and wine, like comic books, are cultures and cultures are a way of life. So we thought of doing something to bring people together, especially in this divided time of politics, people, and pandemic! It’s like what I did with Adidas and Aerosmith,” Darryl McDaniels told NJBIZ. “So my brand is capable of uniting many cultures and people. Rock ‘n roll, hip hop, fashion, comic books, cookies and wine!”
Read More »AeroFarms expands distribution to 350+ Stop & Shop locations
New Jersey, New York, Connecticut, Massachusetts, and Rhode Island stores will now receive the Newark-based vertical farmer's high-quality produce all year round.
Read More »Liberty Science Center sets groundbreaking for SciTech Scity
The 30-acre “City of Tomorrow” will bring together scientists, community leaders, teachers, students, and other thinkers and doers who share renowned computer scientist Alan Kay’s prescription that “the best way to predict the future is to invent it.”
Read More »Newark Symphony Hall to host ‘America’s Big Deal’ live this month
The live broadcasts throughout October will allow entrepreneurs to pitch ready-made products to home viewers; the one who sells the most of their product “before the buying window closes during the episode will win the chance to strike a life-changing deal with one of the show's retail giants.”
Read More »Ordering in
Our workplaces are quickly changing with the times and beginning to reflect the latest thinking about workspace design, corporate culture and employee interaction. However, many landlords and employers are overlooking a critical component of the workplace experience that plays a crucial role in all of the above: corporate dining services.
Read More »NJ hemp seltzer brand releases THC version in Maine
Kaló partnered with Novel Beverage Co. on the legal cannabis beverage market launch, bringing its lemon lavender and pomegranate peach flavors to all 40 dispensaries currently open in The Pine Tree State with an expansion to Massachusetts and other markets planned for the coming months.
Read More »Ruth’s Chris Steak House opens in the Mall at Short Hills
The famed fine-dining restaurant is now serving from its seventh location in the Garden State in the Mall at Short Hills. The new 8,300-square-foot eatery features two main dining rooms, an expansive bar with lounge seating and two private dining rooms designed for large groups.
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