Real Estate News

Harbor Custom Development, Inc. Enters Contract to Purchase 66 Entitled Lots in Poulsbo, Washington for $2,900,000

Gig Harbor, Washington , Dec. 20, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has entered into a contract with Laughlin Development, LLC, for the purchase of 66 undeveloped lots for $2,900,000 in Poulsbo, Washington.

THE INTERGROUP CORPORATION ANNOUNCES INCREASE IN SHARE REPURCHASE PROGRAM

Los Angeles, California, Dec. 20, 2021 (GLOBE NEWSWIRE) -- The InterGroup Corporation (NASDAQ: INTG) today announced that its Board of Directors has authorized the Company to purchase up to an additional 125,000 shares of the Company’s common stock under its existing stock repurchase program, reflecting the Board’s confidence in management and the Company’s business, as well as belief that the Company’s shares are undervalued.

Stem Holdings Announces Divestiture of E-Commerce and Delivery Operations and Management Changes

Divestiture of Driven Deliveries, Inc. and its subsidiaries will immediately return 12.5 million shares to treasury, reduce total liabilities by $7.1 million, and increase working capital by $4.1 million

Total expenses will be reduced by $9.6 million annually, positioning the Company to achieve a positive Adjusted EBITDA in CY 2022

Company will focus all resources on high-growth, high-margin vertically integrated cultivation, processing and retail operations in California and Oregon

Adam Berk has resigned as CEO and Steve Hubbard, co-founder and current CFO, has been appointed interim CEO

BOCA RATON, Fla.

Compare listings

Compare