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ASGN Announces $250 Million Stock Repurchase Program
CALABASAS, Calif.–(BUSINESS WIRE)–ASGN Incorporated (NYSE: ASGN) announced today that its Board of
Directors approved a stock repurchase program under which the Company
may repurchase up to $250 million of its common stock over the next two
years. Under terms of the program, purchases can be made in the open
market or under a Rule 10b5-1 trading plan. This program is effective
immediately. The stock repurchase program does not obligate the Company
to acquire any particular amount of the Company’s stock, and it may be
suspended at any time at the Company’s discretion.
Commenting on the stock repurchase program, Ted Hanson, President and
CEO of ASGN, stated, “I am pleased to announce that we have established
a $250 million share buyback program. This action demonstrates our
confidence in ASGN’s strategic plan, as well as our commitment to a
balanced capital allocation strategy, which includes investments in our
organic growth, debt repayment, strategic acquisitions and share
repurchases. The authorization amount approximates the level of free
cash flow that we have generated over the last 12 months, and we are
trending to reduce our leverage ratio to below 2.5 times prior to the
end of the second quarter. We believe that the repurchase program is an
attractive way for us to return value to our stockholders and does not
preclude us from pursuing attractive business development opportunities
going forward.”
About ASGN
ASGN Incorporated (NYSE: ASGN) is one of the foremost providers of IT
and professional services in the technology, creative/digital,
engineering, life sciences and government sectors. Our mission as an
organization is to be the premier provider of highly skilled human
capital targeting critical STEM skill sets that will drive the economy
in the years ahead. Through an integrated suite of professional staffing
and IT solutions, ASGN improves productivity and utilization among
leading corporate enterprises and government organizations. For more
information visit us at www.asgn.com.
Contacts
Ed Pierce
Chief Financial Officer
818-878-7900
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Cannabis
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Humboldt
Humboldt Seed Company partners with Apollo Green to bring California cannabis genetics to the global marketplace
Apollo Green to distribute Humboldt Seed Company clonal cannabis genetics to Germany, Portugal and Australia
SAN FRANCISCO, April 30, 2024 /PRNewswire/ — Humboldt Seed Company (HSC), California’s leading cannabis seed producer, has announced a partnership with Canadian-based Apollo Green to make eight breeder cuts available to researchers, licensed commercial cultivators and home growers in legal markets worldwide. This first-to-market clonal genetics release is a significant milestone and will expand access to distinctive, high-quality cannabis genetics in both established and emerging global markets including Germany, Portugal and Australia.
The curated, breeder-verified selection includes pioneering triploid genetics, such as OG Triploid and Donutz Triploid alongside the legendary cult classic Blueberry Muffin. Also available are All Gas OG with a THC content of 21% and four high-THC strains in the 30-35% range: Golden Sands, Guzzlerz, Jelly Donutz and Orange Creampop. These selections represent the top .01% from HSC’s extensive California pheno-hunting program.
Exports will begin in May under Apollo Green’s Canadian federal cannabis license. All shipments have Canadian phytosanitary certification, ensuring plants have been inspected, and are clean and free of pests.
“Access for all to quality genetics has been our core focus since the beginning,” said HSC Co-founder and Chief Science Officer, Benjamin Lind. “Our science-based approach to breeding aligns perfectly with Apollo Green’s high standards and we are excited to be able to extend these hand-selected cuts to a wider audience, especially at this pivotal time where we’re seeing positive regulatory changes globally.”
Oisin Tierney, Apollo Green Director of Business Development, said, “California has long been recognized for setting industry standards, and we are proud to play a role in bringing these esteemed genetics to cultivators worldwide. The triploids are especially noteworthy in terms of the unprecedented potential for enhanced plant vigor, higher yields, shorter flowering times and superior returns for solventless extraction.”
About Humboldt Seed Company
Established in 2001, Humboldt Seed Company is a Northern California heritage brand providing quality cannabis genetics to commercial cultivators and home growers in legalized states across the U.S. and international markets including Spain, Canada, Jamaica, South Africa, Colombia, France, Portugal, Greece, the UK, Malta and Thailand. With a focus on environmental and social justice, they combine traditional breeding and modern scientific practices in their strain development program. They have served the cannabis community for over two decades.
For more information visit https://humboldtseedcompany.com/.
About Apollo Green
Licensed since 2019, Apollo Green is Canada’s leader in cannabis genetics. The company’s mission is to provide an ever-growing bank of seeds and clones to medical patients and recreational consumers. Apollo Green provides clean, trusted cannabis seeds and clones, which are backed by the foremost tissue culture technology to reduce risks, costs and time-to-market for licensed producers around the world. Apollo Green is passionate about cannabis genetics.
For more information visit https://apollogreen.com/.
Media contact
Jaana Prall
[email protected]
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