Thursday, November 28, 2024 | Baltimore, MD
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Cannabis dryingPh by Andrea Porziellawww.terredicannabis.com
Maryland cannabis sales eclipse $84M in first month of recreational market

Cannabis sales in Maryland continued to grow during the first month of the recreational market, proving that customers who rushed to dispensaries on July 1 are still drawn to the nascent industry. Maryland dispensaries saw $84 million in cannabis sales in July, which included $10.4 million during the first week after recreational cannabis was legalized, according to the Maryland Cannabis Administration.

Under Armour launches brand’s first-ever customer loyalty program under new CEO

Under Armour launched a U.S. customer loyalty program Tuesday, a first-of-its kind for the brand and a key initiative of new CEO Stephanie Linnartz. Through UA Rewards, consumers can earn points through online and in-store purchases, product reviews and UA MapMyRun challenges that can be redeemed for $5 off their next purchase.

Read More: Baltimore Sun
Howard County looking for new members for Equal Business Opportunity Commission

Howard County Executive Calvin Ball is seeking applicants to serve on the Equal Business Opportunity Commission, specifically applicants who are either minority business owners, women business owners or business owners with a disability. The deadline to apply is Aug. 18. Comprised of 10 members, the commission assists the efforts of the county in procuring goods and services from minority business enterprises, women-owned business enterprises and disabled-owned business enterprises pursuant to the County’s Equal Business Opportunity Program.

 

Marriott raises revenue 2023 revenue outlook on strength of international travel

Marriott International Inc. (NASDAQ: MAR) reported strong earnings growth in the second quarter and has raised its revenue outlook for the full year as strong travel demand in China and other international markets has more than made up for less-robust growth in the U.S. The Bethesda hospitality giant posted revenue per room of $132.17 for the second quarter, up 10.7% from the same period last year and 6.45% from second quarter of 2019.

Gaithersburg’s Emergent BioSolutions lands large federal contract to boost development of Ebola drug

Gaithersburg’s Emergent BioSolutions Inc. (NYSE: EBS) has landed a long-term contract with the U.S. Department of Health and Human Resources to scale up manufacturing of a drug designed to treat Ebola. The drug, a monoclonal antibody known as Ebanga, was developed by Miami’s Ridgeback Biotherapeutics and approved by the Food and Drug Administration for the treatment of Ebola in December 2020.

Teamsters say Yellow Corp. is ceasing operations, filing for bankruptcy

Troubled trucking company Yellow Corp. is shutting down and headed for a bankruptcy, the Teamsters said Monday. An official bankruptcy filing is expected any day for Yellow, after years of financial struggles and growing debt. Its expected liquidation would mark a significant shift for the U.S. transportation industry and shippers nationwide. “Today’s news is unfortunate but not surprising.

Read More: Baltimore Sun
Prince George’s retail center sells for $70 million four years after retail center’s last trade

Largo Town Center has sold for $70 million, a nearly 60% increase from what the same suburban Maryland retail center sold for a little more than four years ago. An affiliate of Bethesda’s Finmarc Management Inc. sold the 280,000-square-foot center at 950 Largo Center Drive to KPI Commercial LLC, per Finmarc. The property, assessed at about $35 million, is fully leased to a mix of tenants including Burlington, Foot Locker and Urban Air Adventure Park.

Bethesda’s EagleBank to eliminate key executive commercial banking position

Just days after Eagle Bancorp Inc. (NASDAQ: EBGN), the parent company of Bethesda’s EagleBank, unveiled a series of layoffs and cost-cutting measures, it announced Tony Marquez, one of its top executives, is also being terminated after a 12-year run at the bank. Marquez, Eagle’s senior executive vice president and president of commercial banking, was notified Monday that he was being terminated “without cause,” effective Aug. 31, “due to a position elimination,” the company said in a Securities and Exchange Commission filing Monday afternoon. Eagle said it would not replace Marquez or refill his position.

2023 Carroll Biz Challenge: Westminster beekeeper installs and manages hives for others via HiiveCo

Keeping bees can do more than just provide you with fresh honey, but bees are fickle and tending a hive can be difficult. A Westminster entrepreneur believes she has found the solution, and it’s called HiiveCo, a company that installs and manages beehives for clients on their own properties. Laith Nichols of Westminster, owner and founder of HiiveCo, tends to a hive in Sparks Glencoe.

Read More: Baltimore Sun
Los Angeles-based Crimson Coward Hot Chicken is coming to Pasadena this year with Owings Mills, Columbia locations also planned

A Los Angeles-based restaurant chain is bringing its authentic hot chicken to Anne Arundel County, the company announced. Crimson Coward Nashville Hot Chicken is set to open a location in Pasadena by the end of this year, according to a news release from Hyatt Commercial, the commercial real estate firm representing the restaurant chain. The restaurant, which has sold the famously spicy chicken since 2018, will be located in the Lake Shore Plaza shopping mall on Mountain Road.

Read More: Baltimore Sun

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