Columbia Care to enter P.R. medicinal cannabis market
August 7, 2019
Columbia Care Inc. has received approval from the Puerto Rico Department of Health to open for business, with a medicinal cannabis dispensary in San Juan and 25,000 square-foot cultivation and manufacturing operation in Cidra. The 2,800 square-foot San Juan clinic and its Cidra facility are scheduled to open this month, with two additional dispensaries expected […]
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Op-Ed: P.R. crisis — Oversight Board failed to do its job
August 7, 2019
The Puerto Rico Financial Oversight and Management Board has remained fairly quiet during the last several weeks of turmoil and massive demonstrations that have rocked Puerto Rico in protest over the corruption of the [Ricardo] Rosselló administration. On July 23rd, the Board issued a press release stating that, “The people of Puerto Rico deserve a […]
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FirstBank debuts Digital Banking platform with Mobile Express Deposit
August 7, 2019
FirstBank is launching its new digital and mobile banking platform called “Digital Banking,” which offers customers more features and increased security to manage their banking. To access, customers must log in via [email protected]. Some of the benefits of Digital Banking are: greater levels of security, with a superior authentication process for keeping personal information safe; […]
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Evertec partners with Citi for regional expansion of collection platform
August 7, 2019
Evertec Inc. announced it has expanded its regional collection and payment platform with Citi to include Mexico through Citibanamex. This platform, which serves Citi’s corporate treasury clients, is already live in Colombia and in Guatemala, it announced. “We’re pleased to be Citi’s partner with this solution to simplify the collection process for regional corporations and […]
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Chemesis Int’l Inc. to pick up P.R.’s largest medicinal cannabis dispensary network
August 6, 2019
Chemesis International Inc. has entered into an agreement to buy a majority of the shares of GSRX, which has five medicinal cannabis dispensaries in Puerto Rico, the companies announced. The transaction calls for Chemesis to acquire more than 42.6 million common shares and 1,000 preferred shares of GSRX, in exchange for an some 18.9 million […]
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Nearly 200 students participate in 3rd edition of Virtual Reality Summer Bootcamp
August 6, 2019
The 2019 Virtual Reality Summer Summer Camp, hosted by the Puerto Rico Science, Technology and Research Trust, ended successfully on Aug. 2, benefitting some 200 students from public and private schools. Middle and high-school students, including home-schooled kids, took part in the program split between 39% females and 61% males in the Ponce and San […]
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Op-Ed: Population of Puerto Rico [Handle with care]
August 6, 2019
“I saw the future …. It’s wooooooonderful..there are no [Puerto Ricans]” this is a direct quote found in the leaked chats (#RickyLeaks) between the person who served as governor of Puerto Rico and his closest collaborators. This improper comment caught my attention due to the demography that underlies what this person claimed to have seen. […]
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Fusionworks becomes Oracle NetSuite partner for the U.S. market
August 6, 2019
Local technology solutions consulting firm, Fusionworks announced its integration into the Oracle NetSuite Partner Alliance program, which makes it a strategic partner of NetSuite in the United States and speeds its diversification plans to new stateside markets. Fusionworks also announced that it recently received the “Best Oracle Applications” award at the Oracle FY20 Partner Summit […]
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Solar Power World magazine includes P.R.’s Maximo Solar Industries on ‘best of’ list
August 6, 2019
Industry magazine Solar Power World recently included Puerto Rico’s Maximo Solar Industries among the top 50 residential solar energy companies in the United States market, which exceeds 10,000 such companies. “Within months of our 10th anniversary, which represents 10,000 installations, we celebrate that 1,000 of these have been performed in Florida in less than three […]
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Frontier to launch 3 weekly flights connecting P.R.-Miami on Nov. 14
August 5, 2019
Starting this fall, low-cost carrier Frontier Airlines will launch three weekly flights from Miami International Airport to Luis Muñoz Marín International Airport in Carolina starting Nov. 14, it announced. The new frequencies will begin Nov. 14 and are part of its expanded schedule at Miami International Airport to a total of 28 weekly flights and […]
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Forbes names San Juan Marriott as one of the top 6 resorts in P.R.
August 5, 2019
Forbes Magazine recently named the San Juan Marriott Resort & Stellaris Casino as one of the best resorts in Puerto Rico, along with five other properties. In one of its Summer issues, Forbes highlighted the Marriott’s amenities — including its pool, water slide and mini water falls — after the resort underwent a $20 million […]
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Evertec reports 8% in revenue growth to $122.5M in 2Q19
August 1, 2019
Evertec Inc. announced revenue growth of 8% to $122.5 million for the second quarter ended June 30, 2019. Adjusted earnings per common share was $0.51, an increase of 11%, while Adjusted EBITDA increased 7% to $57.8 million during the quarter. For the six months ended on the same date, Evertec posted 8% revenue growth to […]
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Direct Relief to distribute $8M in cash to 25 P.R.-based healthcare nonprofits
August 1, 2019
Twenty-five Puerto Rican healthcare nonprofits are set to receive a much-needed $8 million cash infusion from Direct Relief, the largest private, nongovernmental provider of health resources to Puerto Rico since Hurricane María. Recipients of the $8 million in grants will be announced Aug. 7, at La Ciudad de la Salud y Bienestar, a Direct Relief-sponsored event […]
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Science Trust gets significant grant from U.S. Dept. of Commerce
August 1, 2019
The Puerto Rico Science, Technology and Research Trust was selected as one of the 44 nonprofit entities will receive funding from the U.S. Economic Development Administration’s Regional Innovation Strategies Program, which will award a total of $23 million to expand high impact entrepreneurship. The Trust will launch the Investor Bridge Project based on Puerto Rico’s […]
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LMM Int’l Airport gets $1.5M U.S. Dept. of Transportation infrastructure grant
August 1, 2019
The Luis Muñoz Marín International Airport in Carolina will receive a $1.5 million grant from the U.S. Department of Transportation to rehabilitate a runway, the federal agency said. The funding will come through the Federal Aviation Administration, which will award a total of $478 million in airport infrastructure grants, the fourth allotment of the total […]
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