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Commercial Real Estate Developer Sterling Bay Creates Prysm Life Sciences to Expand and Transform the Life Science Community in Chicago

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CHICAGO–(BUSINESS WIRE)–Sterling Bay, one of Chicago’s largest real estate development and
investment firms, announced plans today to create Prysm Life Sciences, a
catalyst for a sustainable and scalable life science community in
Chicago. Citing its transformation of the West Loop and Fulton Market
District into commercial centers, the firm will employ the same
multi-faceted approach to help retain talent and innovative life science
technology here in Chicago, as well as recruit major life science and
healthcare institutions to its campuses.

Our vision is to establish multiple synergistic life science lab
centers that align resources between academia, industry, civic
accelerators, patient foundations and contract research services to
efficiently develop new health care products and solutions. While
Chicago already has a great reputation in healthcare and innovation –
housing many world-class hospitals and global pharmaceutical companies –
there is still a critical shortage of actual lab space here,” said
Andrew Gloor, managing principal and chief executive officer, Sterling
Bay. “We want to help fill this gap and help more life science start-up
companies come to Chicago and stay here long-term by providing the
infrastructure and space through the creation of Prysm Life Sciences. If
we really want to be a life science center, then we need to build and
maintain it.”

With this announcement, the future life science vision includes:

  • Providing Immediate Facilities for the Life Sciences Community – The
    2430 North Halsted property is a medical research facility with more
    than 120,000 square feet of laboratory and office space across five
    floors, which includes flexible shared wet lab and work space, lab
    pods and private suites. The space will serve biopharma, medtech,
    diagnostics and life science tool companies in the near term.
  • Elevating the Life Science Incubator – Member companies of
    Prysm Life Sciences can expect a full-service startup platform
    designed to dramatically accelerate the growth of early-stage life
    science companies, including programming, shared equipment and
    services and expanded networking opportunities. This 20,000 square
    feet incubator is available for up to 30 companies. The goal is to
    create a differentiated and branded incubator model focused on
    enabling a more collaborative community beyond Chicago.
  • Enhancing Investment – Beyond infrastructure, the Prysm Life
    Sciences offering will include access to capital through a structured
    network of strategic investors to provide all resources needed to
    better retain talent and innovative companies in Illinois. Prysm Life
    Sciences is currently invested in one diagnostic company, Prescient
    Medicine, and is in the process of evaluating several other
    organizations.
  • Looking Beyond Today – The 50-acre Lincoln Yards development
    will include several early-stage and graduate research facilities to
    properly serve the immediate and growing needs of small, midsize and
    large institutions within commercial and academia markets. In addition
    to research facilities, the Lincoln Yards Development will also
    include residential, retail, and office facilities.

Fueled by an influx of investment, the increase of startup activity in
the Illinois life sciences ecosystem is leading to a lack of space and
infrastructure to sustain the community’s growth,” said John Conrad,
president and CEO of the Illinois Biotechnology and Innovation
Organization. “We have all the necessary elements right here in Chicago
to be a world-class leader in life science innovation and
commercialization. Sterling Bay’s approach has a lot of promise in that
it will include the scalable lab space, funding and programs needed to
retain and attract companies. We as a community need to come together
and support the vision of Sterling Bay and all the other developers that
are investing in our future.”

Sterling Bay has partnered with CBRE in the leasing of Prysm Life
Sciences. Renovation of the building on 2430 N. Halsted has begun, and
established companies are actively being recruited to occupy the space.
The property is unique in that it is strategically located in the
vibrant Lincoln Park community with multi-modal transportation options.
It is available for immediate occupancy.

We look forward to being part of the expanded Sterling Bay Life
Sciences team,” said David Saad, executive vice president, CBRE. “This
project will play an immediate and important role in the successful
expansion of Chicago’s life sciences community.”

About Sterling Bay

Sterling Bay is a leading investment and development company with
expertise spanning all aspects of real estate ownership. Known for
creating world-class urban campuses for companies such as Google,
McDonald’s, Uber, Glassdoor, Dyson, Hillshire Brands and Gogo, Sterling
Bay is consistently recognized for award-winning projects that transform
space, enhance communities and strengthen a company’s culture and brand.
Sterling Bay’s team of more than 200 professionals is responsible for a
portfolio exceeding $3 billion and a development pipeline in excess of
$8.7 billion. For more information, visit www.sterlingbay.com.

About Prysm Life Sciences

Interested life science companies and innovators who are interested in
working with us to drive more innovative solutions for healthcare to
Illinois, can visit www.prysmlifesciences.com
for more information.

Contacts

CG Life
Julie Ferguson
jferguson@cglife.com
(312)
385-0098

Trade Show News

Which CD is right for you? Continuous Deployment or Continuous Delivery? – Matt Beaney (AutoTrader UK) present the solution at TCE2019 Prague

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Software release expert will present a keynote session at PICANTE TECH Conference Europe 2019.

 

If you search online, you will find that continuous integration, continuous deployment, and continuous delivery are like vectors that have the same direction, but different magnitude. Their goal is the same: make our software development and release process faster and more robust.

The key difference between the three is in the scope of automation applied. What gets people who are new to the field confused is that they are not mutually exclusive, but include each other, like Russian dolls.

At PICANTE TECH Conference Europe (TCE2019), which will take place in Prague on the 3rd of September at Vienna House Andel’s Prague, you can hear more about the subject in a special keynote which will be presented by Matt Beaney, Service Transition at AutoTrader UK.

Matt has overseen Service Transition at AutoTrader UK for over 10 years, driving continual improvement of the release success rate from 85% to 99.8% and increasing the release rate from <600 to 15,000 per year. In Prague, he will tell you all about CD is right for you and your company.

REGISTER HERE to secure your seat!

PICANTE Tech Conference Europe is designed to bring both people and knowledge together and provides the excellent ecosystem of networking and learning opportunities without interruptions with emphasis on comfort and communication. After learning from genuine world-class experts and wayseers, meeting achievers shaping the B2B ecosystem, all attendees will get the chance to grab a drink and relax while networking at the evening social gathering.

REGISTER HERE or BROWSE THE AGENDA/PROGRAM!

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Cannabis

National Access Cannabis Corp. Provides Sales Update for Retail Cannabis Operations Since Federal Legalization

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National Access Cannabis Corp. (“NAC” or “the Company”) (TSXV: META), Canada’slargest cannabis retailer1, today provided investors with a corporate and retail sales update. The Company is successfully executing on its growth strategy and has achieved over $50 million in retail sales since legalization, with cumulative gross margin in excess of 31%. The Company is targeting to have 40 operating stores by the end of calendar 2019.

“NAC is rapidly growing its store count and revenue,” said Mark Goliger, CEO of NAC. “We have been granted 10 licenses in Alberta since the ending of the moratorium on May 31st, and we expect positive movement with our licence applications in British Columbia. We now have 30 stores open, with another 5 stores licensed and in development.  We expect continued revenue momentum as we roll out improved and streamlined store designs to enhance customer experience. With the recent filing of our final base shelf prospectus to provide us with flexible access to capital, we are confident in our ability to execute on our strategic growth initiatives to continue our leadership position in Canadian cannabis retail.”

The Company’s current portfolio of 35 licensed locations is split as follows:

  • 25 NewLeaf Cannabis™ stores in Alberta
  • 9 Meta Cannabis Supply Co.™ stores in Manitoba
  • 1 Meta Cannabis Supply Co.™ store in Saskatchewan

The newest retail location opened August 20, 2019:
NewLeaf Cannabis – Falconridge
55 Castleridge Blvd NE, Calgary

Previous announcements regarding NAC’s retail store expansion may be found through the following links:

August 8, 2019National Access Cannabis Corp. Continues Growth by Announcing Licence to Open a New Retail Cannabis Store in Alberta for a Total of 35 Licensed Retail Stores Across Canada and New Store Opening Update

July 30, 2019National Access Cannabis Corp. Continues Growth by Announcing Licences to Open Two New Retail Cannabis Stores in Alberta for a Total of 34 Licensed Retail Stores Across Canada

July 25, 2019National Access Cannabis Corp. Continues Growth by Announcing Licences to Open Two New Retail Cannabis Stores in Alberta for a Total of 32 Licensed Retail Stores Across Canada

July 3, 2019National Access Cannabis Corp. Continues Growth by Announcing Licences to Open Two New Retail Cannabis Stores in Alberta for a Total of 30 Licensed Retail Stores Across Canada

May 31, 2019National Access Cannabis Corp. Responds to the AGLC Lifting the Moratorium on Cannabis Retail Stores in Alberta

 

SOURCE National Access Cannabis Corp.

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Trade Show News

The Use of Artificial Intelligence by Startups and SMEs panel discussion moderated by Dr. Robert Skalina (WH Partners) at TCE2019 Prague

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Leading law expert and tech compliance advisor to moderate the AI-related panel discussion at PICANTE TECH Conference Europe 2019.

 

The future is almost here and there are more and more talks about AI being a key part of our daily life. But, it seems we are not quite there yet as most of the services that are available are not the real independent AI which is feared by many doomsday preachers.

At PICANTE TECH Conference Europe (TCE2019), which will take place in Prague on the 3rd of September at Vienna House Andel’s Prague, we have put together an artificial intelligence-related panel discussion which will highlight some of the most recent topics that are discussed in the sphere and can benefit many in the upcoming period.

The panel discussion will be joined by Andjela Todorovic (Software Engineering Intern at Cubic Corporation), Jiří Třečák (CEO at Supernova), Aleksander Kijek (Chief Product Officer at Nethone) and last but not least, Vojtech Chloupek (Partner at Bird & Bird).

The futuristic thinking panel discussion will be moderated by Dr. Robert Skalina, Senior Advisor at WH Partners.

REGISTER HERE to secure your seat!

About Dr. Robert Skalina

Robert Skalina is a Czech Advocate as well as a Registered European Lawyer in Malta. He is based in Prague and works in Malta regularly.

He is financial services and corporate lawyer and provides advice to a wide range of investment managers, advisors and funds, including private equity and hedge funds. Robert also regularly advises clients in the gaming/gambling industries and has vast experience in the area of mergers and acquisitions and complex cross border transactions.

Robert has previously held the position of head of legal of a London based investment advisor active throughout the EMEA region. Prior to that, he served as legal counsel for the largest retail bank in the Czech Republic.

Robert graduated with an LLM cum laude from the London School of Economics. He holds a Master of Laws degree from the Charles University in Prague. He provides advice in English, Czech and Slovak.

PICANTE Tech Conference Europe is designed to bring both people and knowledge together and provides the excellent ecosystem of networking and learning opportunities without interruptions with emphasis on comfort and communication. After learning from genuine world-class experts and wayseers, meeting achievers shaping the B2B ecosystem, all attendees will get the chance to grab a drink and relax while networking at the evening social gathering.

REGISTER HERE or BROWSE THE AGENDA/PROGRAM!

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