Cansortium Inc. announced completion of the sale of its non-core operations in Puerto Rico to PRICH Biotech Corp. for $670,000 in cash. PRICH acquired the operational assets, including applicable cannabis licenses, and assumed certain liabilities. In addition, PRICH will pay Cansortium a royalty on future sales of Fluent-branded products, effective on the closing date. The […]
The U.S. Department of Transportation has granted a waiver to allow foreign air carriers to provide certain expanded cargo and passenger transfer services at Puerto Rico’s international airports over a two-year term, the agency announced. With its decision, Puerto Rico becomes the first U.S. territory in the Caribbean to become a “hub” for foreign air […]
The U.S. Department of Commerce’s Economic Development Administration is awarding a $13 million grant to the University of Puerto Rico in Ponce to establish a disaster resilient research and business facility to support high-growth businesses focused on the health and medical tourism industries. The EDA grant, to be located in a Tax Cuts and Jobs […]
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