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Samsung Partners With SoFi For Mobile-First Money Management Experience “Samsung Money By SoFi”

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Samsung Electronics America, Inc. announced on Wednesday it has teamed up with SoFi to launch Samsung Money by SoFi, a new mobile-first money management experience that brings a cash management account and accompanying Mastercard debit card along with exclusive benefits to Samsung Pay.

According to Samsung, the account is secure, with no account fees and rewards users for saving, earning higher interest relative to the average national savings rate.

“At a time when people are turning to their technology to take care of essential tasks without leaving home, Samsung Money by SoFi makes it easier for them to manage more of their financial life in the Samsung Pay app.”

While sharing more details the account,  Sang Ahn, Vice President and GM of Samsung Pay, North America Service Business, Samsung Electronics, stated:

“Samsung Money by SoFi is our biggest move yet to help users do more with their money. Samsung Pay is already the most rewarding shopping and payments experience driven by numerous innovations over the years. Now, users can access mobile-first financial services and earn exclusive Samsung benefits.”

Anthony Noto, CEO of SoFi, added:

“At SoFi, we’re committed to helping people achieve financial independence both directly through the SoFi brand, as well as indirectly, through partnering with leading brands like Samsung to help the world get their money right. We’re excited to partner with Samsung, a world-class technology company, to help power this next-generation financial experience, while expanding the impact of SoFi exponentially.”

 Samsung Money by SoFi is now set to launch later this summer.

Source: https://www.crowdfundinsider.com/2020/05/162002-samsung-partners-with-sofi-for-mobile-first-money-management-experience-samsung-money-by-sofi/

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Schwazze Terminates Deals To Acquire Two Cannabis Businesses

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Schwazze, formerly operating as Medicine Man Technologies Inc., said it has terminated the deals to acquire two marijuana businesses in Colorado due to key business and valuation issues.

The vertically-integrated cannabis company terminated the acquisition of Dabble Extracts, a cannabis concentrates company, and Los Sueños Farms, an outdoor and greenhouse cannabis cultivator.

Schwazze also provided a business update and shared the pro forma financial results reflecting its acquisition of Mesa Organics, which closed on April 20, 2020. The company noted that in its pro forma 2019 income statement, Mesa Organics was accretive to Schwazze by $0.09 per share.

Schwazze added it believes the business will continue to be accretive to its overall platform.

Schwazze noted that following the signing of Colorado House Bill Colorado 19-1090, it moved forward on the numerous term sheets with Colorado cannabis operators, and completed limited due diligence.

However, Schwazze added it identified key business and valuation issues throughout the merger and acquisition process. As a result, the company decided to no longer pursue the acquisitions of Dabble and Los Sueños Farms. But the company did not specify what the issues were.

“We know that continuing to focus on shareholder return is the right thing to do at this time. Our Board believes that it is in our best interest to build a differentiated business in Colorado,” said Justin Dye, Chairman and Chief Executive Officer of Schwazze….

Source: https://mmpconnect.com/schwazze-terminates-deals-to-acquire-two-cannabis-businesses/

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Plan for medical marijuana dispensary next to Nantasket Beach leaves residents with mixed feelings

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HULL, MASS. (WHDH) – A plan to build a medical marijuana dispensary next to Nantasket Beach is leaving Hull residents with some mixed feelings.

The facility, proposed for a long-abandoned building at the foot of Nantasket Beach, has residents of the town drawing lines in the sand.

“This proposal has been getting a lot of opinions,” Hull Board of Selectmen Chairwoman Jennifer Constable said. “It’s the gateway to the community.”

The “seed to sale” proposal by the local company Latitude 42 Therapeutics would grow and sell medical cannabis onsite.

Though not everyone is on board with their idea — some in the community have started an online petition arguing it is bad for the area.

“It’s a wonderful place, open to everybody,” Tricia Skoler who opposes the facility said.  “It’s not the appropriate message that we want to give them.”

But residents in favor believe it would create local jobs and beautify a building that has been empty for more than a decade.

“It might actually make this section look nicer and a little less dated and rundown,” supporter Katie Barclay said. “A lot of Hull needs some updating and we need to move forward.”

The project designers released a statement reading:

“This site is in need of significant investment and for nearly 20 years has sat without benefit or purpose for our residents and town. Our vertically integrated medical cannabis research, development and care facility will bring the revenues…

Original Author Link click here to read complete story..

Source: https://mmpconnect.com/plan-for-medical-marijuana-dispensary-next-to-nantasket-beach-leaves-residents-with-mixed-feelings/

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Jamaica to Help Small Farmers Enter the Cannabis Industry

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Jamaica is making it easier for its small business owners and farmers to enter the cannabis industry. The Cannabis Licensing Authority of Jamaica (CLA) announced in late June that its special permit policy is in an advance stage of completion and consultations with interested parties have begun. The goal of the CLA is to lower industry barriers by granting a “low-cost” two-year cultivation permit to small farmers in order to help them transition to licensed…

Source: https://damweed.com/business/jamaica-to-help-small-farmers-enter-the-cannabis-industry/

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