What are the most successful ways to make any business profitable? Finding a niche? Maybe. Driving sales? Absolutely. But there is one aspect of running a business that can transform your entire balance sheet—efficiently planning the operations. Energy-efficiency models hold the potential to not only improve operations for higher productivity, but also help save millions for any business. There are multiple cases where businesses have saved millions of rupees by making smaller changes in their processes. And energy-efficiency technologies play a crucial role in driving this change. At a time where there is intense competition in every industry, and multiple start-ups are challenging the traditional models of running a business, turning to energy efficiency for cost savings while also managing your carbon footprint can have long-standing benefits. The pros of turning towards a more energy-efficient business model clearly outweighs the hurdles that may lie in the way. But … [Read more...] about This company saved Rs 13,42,920 with a simple energy-efficient switch!
Quarterly profit and loss statement template
Las Vegas-based GB Sciences Inc. agreed to sell its remaining 50% stake in its Louisiana medical marijuana business for $16 million to Wellcana Plus LLC, a Lafayette company that already owns the other half of the company.Based on a five-year deal signed in 2017, GB Sciences Louisiana is the exclusive partner for LSU's state-approved medical marijuana program and that arrangement now goes into the hands Wellcana Plus as the full owner of GB Sciences Louisiana. GB Sciences Louisiana sells produce wholesale medical marijuana products that are sold nine state-licensed pharmacies across the state, which have already sold tinctures to more than 1,500 eligible patients since August.Wellcana's deal with GB Scienses includes $8 million cash and another $8 million to be paid at a later date and is expected to be completed in October. Wellcana, led by Lafayette attorney Charles Rush and Cajungrocer.com founder Charlie Hohorst III, has been involved in GB Sciences Louisiana for the past two … [Read more...] about GB Sciences selling remaining 50% stake in Louisiana medical marijuana business to Lafayette company for $16 million
TORONTO (AP) — One huge quarter from 3-point range helped the Toronto Raptors halt a rare home losing streak. Pascal Siakam scored 30 points, Marc Gasol set season highs with 17 points and 15 rebounds and the Raptors beat the Brooklyn Nets 110-102 on Saturday night to snap a three-game slump on their home court. “Our overall feel-good was there tonight,” Toronto guard Kyle Lowry said. Norman Powell fouled out with 25 points and Lowry had 17 to help the Raptors win their ninth straight home game against the Nets and beat Brooklyn for the 16th time in 17 meetings. “I really think tonight’s game was fueled by the defense we had,” Powell said. Serge Ibaka had 12 points and 12 rebounds as Toronto extended an NBA record by winning its 34th straight at home against a division foe. The Raptors are unbeaten at home against Atlantic Division opponents since a Nov. 10, 2015, loss to the New York Knicks. The Raptors made nine of 12 attempts from 3-point range in … [Read more...] about Despite Brooklyn’s Best Rebounding Effort, Raptors Beat Nets 110-102
GB Sciences, the Las Vegas-based company handling medical marijuana operations for the LSU AgCenter, has leased a former Pepsi distribution site near Highland Road and Interstate 10 in Baton Rouge.GB Sciences LLS, the entity set up to operate the local medical marijuana business, signed the lease for the 5.40-acre site at 18350 Petroleum Drive in August, according to a quarterly filing GB Sciences made Wednesday with the U.S. Securities and Exchange Commission. Along with the land, the property has a 36,125-foot-square building on the site.Under the terms of the lease, GB Sciences is spending $25,588 a month on rent through June 2022. If the company decides to extend the terms of the lease, it will bump up to $28,147 in August 2022. If a second lease option is extended, the rent will rise to $30,966 in August 2027.Under GB Sciences’ five-year licensing contract, the LSU AgCenter will receive a minimum financial contribution of $3.4 million, or 10 percent of gross receipts. GB … [Read more...] about GB Sciences selects former Pepsi distribution site for medical marijuana facility in Baton Rouge
The company licensed to produce medical marijuana in Louisiana by the LSU AgCenter has sold a 15 percent stake in the venture for $3 million to a newly formed Lafayette company to help finance its effort.Las Vegas-based GB Sciences Inc.'s agreement with Wellcana Group LLC also gives it the option to purchase another 35 percent of the equity in subsidiary GB Sciences Louisiana LLC for an additional $7 million investment.According to information on the Louisiana Secretary of State's website, Wellcana was formed in Lafayette last month. Its registered agent is Lafayette attorney Charles Rush and the officer is K2 Logic LLC, which has an address the same as Rush's law office. K2 Logic's officers are Rush and Charlie Hohorst III, a Lafayette businessman who founded CajunGrocer.com, an online retailer for Louisiana food and specialty items. Rush and Hohorst did not respond to requests for comment.GB Sciences said the new funds will be used to complete the construction of the Louisiana … [Read more...] about Wellcana Group acquires $3 million stake in medical marijuana company licensed by LSU AgCenter
The LSU AgCenter is betting the future of its medical marijuana business on a small Las Vegas company's ability to raise the cash needed for a plant growing and processing center.GB Sciences Inc., selected last week from among seven proposals, plans to invest up to $6.5 million over the next two years to expand an existing office-and-warehouse building and set up operations, CEO John Poss said. Patients could get the first batch of medicines as early as January or as late as March. In order to accomplish that, the publicly traded company will have to attract more money from investors. Poss is confident the company can. Others are less so."If you look on their balance sheet, they don't have a lot of money … their public filings do not show them to be very cash rich at all," said Alan Brochstein, co-founder of 420 Investor.GB Sciences is what is known as an over-the-counter stock. OTC companies are usually small and can't meet the listing requirements of stock exchanges. … [Read more...] about LSU AgCenter gambles that Vegas firm will lead to medical marijuana jackpot