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 […]
chat_bubble0 Comment
visibility2177 Views
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 […]
chat_bubble0 Comment
visibility1596 Views
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 […]
chat_bubble0 Comment
visibility2395 Views
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 […]
chat_bubble0 Comment
visibility1729 Views
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 […]
chat_bubble1 Comment
visibility1791 Views
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 […]
chat_bubble0 Comment
visibility2217 Views
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 […]
chat_bubble0 Comment
visibility1915 Views
Rosselló signs legislation to authorize sports, eGames betting
July 30, 2019
Gov. Ricardo Rosselló signed the Puerto Rico Betting Commission Act, which for the first time authorizes betting on sporting events, electronic games and fantasy competitions on the island. This includes online bets that originate in Puerto Rico. “With the signing of this law, we prepare to witness the potential it provides to make Puerto Rico […]
chat_bubble1 Comment
visibility2017 Views
FirstBank, Center for Puerto Rico partner to help young entrepreneurs
July 30, 2019
With the aim of promoting entrepreneurship among young people between the ages of 18-35 by helping them acquire the skills necessary to develop or strengthen an enterprise, FirstBank has granted a donation of $15,000 to the Entrepreneurial Training Program for Young Adults of the Center for Puerto Rico. The Center is the operational arm of […]
chat_bubble0 Comment
visibility2066 Views
Economic Development disburses $3.5M from P.R.’s Energy Policy Program
July 29, 2019
The Department of Economic Development and Commerce disbursed $3.5 million to pay bonds and part of the incentives previously granted by the Green Energy Fund under its Public Energy Policy Program. “After several procedures with the Treasury Department, we began the disbursement of some $3,179,200 for incentives and other additional payments, which amount to $328,280 […]
chat_bubble0 Comment
visibility1420 Views
Treasury meets with Private Sector Coalition to unveil priority projects
July 29, 2019
Puerto Rico Treasury Secretary Francisco Parés recently met with representatives of the Private Sector Coalition to present 10 priority projects and reaffirm his commitment to the agency and with taxpayers. During the meeting, he discussed critical projects, the actions taken since his appointment and Treasury’s strategic plan, which emphasizes the transformation of the organizational culture […]
chat_bubble0 Comment
visibility1502 Views
Weekend Wheels: RAV4, Lexus UX Sport ’19 elevate comfort and performance
July 29, 2019
Driving a new car is always an exciting experience: the new car smell, the next-generation features and the sleek exterior designs that by and large evolve from year to year. Over the past few weekends, this media outlet has had the opportunity to test drive two vehicles, the Toyota RAV4 and the Lexus UX Sport, […]
chat_bubble0 Comment
visibility1836 Views
World Central Kitchen welcomes 22 farmers to its ‘Plow to Plate’ program
July 29, 2019
World Central Kitchen (WCK) welcomed 22 projects to its comprehensive support platform to promote sustainable food projects on the island called Plow to Plate, which offers direct financial support and training to small farmers, agribusinesses, community-based projects, and business initiatives in the food sector. The goal is to help these entities revitalize their operations after […]
chat_bubble0 Comment
visibility1961 Views
Kona Grill closes only restaurant in P.R., at The Mall of San Juan
July 26, 2019
Nearly three months after filing for Chapter 11 bankruptcy protection, Kona Grill announced the closing of its only restaurant in Puerto Rico, at The Mall of San Juan. It opened in 2015. The eatery confirmed the decision in a notice sent via email saying “we want to thank all our guests for their past patronage […]
chat_bubble1 Comment
visibility3310 Views
OFG Bancorp clears 1st hurdle in acquisition of Scotiabank’s USVI operations
July 26, 2019
OFG Bancorp, parent company of Oriental Bank, announced the Virgin Islands Banking Board approved the first regulatory step related to the acquisition of Scotiabank’s U.S. Virgin Island operations. The permit authorizes Oriental to organize a bank in the territory. To assume Scotiabank’s operations and start serving customers in the USVI, Oriental will also need a license and approval from […]
chat_bubble0 Comment
visibility1958 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA