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Cooper Tire Awards Annual Roy V. Armes and Centennial Scholarships

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Six students receive awards from national scholarship programs
benefitting children of Cooper employees

FINDLAY, Ohio–(BUSINESS WIRE)–Cooper Tire & Rubber Company today announced that six high school
seniors have been selected to receive scholarships to pursue higher
education. The Roy V. Armes Scholarship, in the amount of $5,000, and
five Cooper Centennial Scholarships, in the amount of $1,000 each, were
awarded.

The Roy V. Armes Scholarship was established in 2016 to honor former
Cooper Chairman, Chief Executive Officer and President, Roy Armes, upon
his retirement. Armes served Cooper for nearly a decade, and this fund
was created in recognition of his contributions and achievements. The
scholarship is focused on high-achieving students who will attend a
four-year institution of higher learning to pursue careers in business
or engineering and goes to the child of a Cooper employee in the United
States.

The recipient of the Roy V. Armes Scholarship is:

  • Kaleb Manley —Kaleb is the 18-year-old son of Larry Manley,
    Control Room Operator for Cooper’s Texarkana plant, and his wife,
    Alicia. He is a graduate of Arkansas High School in Texarkana,
    Arkansas and is pursuing a degree in mechanical engineering at the
    University of Arkansas. Kaleb was a four-year member of Student
    Council, serving as President his senior year, and a member of the
    National Honor Society, Robotics Club and Tobacco Prevention Club. He
    was a letter-winner in soccer and played football. Outside of school,
    he has served as a volunteer for the Special Olympics, was a delegate
    to Arkansas Boys State, has been an active member of his church, and
    held a job averaging more than 20 hours per week.

The Cooper Centennial Scholarship is in its fifth year and was
originated to commemorate the company’s 100th anniversary in
2014. The scholarship is available to the children of Cooper employees
in the U.S. who are outstanding high school seniors who will pursue
degrees at a college, university or technical school.

Centennial Scholarship recipients are:

  • Benjamin Howard—Benjamin is the 18-year-old son of Fleet
    Services Senior Specialist Marybeth Howard, who is based at Cooper’s
    Findlay headquarters, and her husband, Doug. He is a graduate of
    Findlay High School in Findlay, Ohio and intends to study
    biochemistry/pre-dentistry at The Ohio State University. An active
    student-athlete, Benjamin was a four-year member of the basketball and
    baseball teams and served as team captain of both. He also
    participated in soccer and was a member of the National Honor Society
    and Student Athletic Leadership Team. He has volunteered with the West
    Ohio Food Bank, American Cancer Society Relay for Life, Salvation Army
    Red Kettle Campaign, American Red Cross blood drives and multiple
    youth basketball and baseball camps.
  • Madelin Kreinbrink—Madelin is the 18-year-old daughter of Rod
    Kreinbrink, Manufacturing Reliability Director, who is based at
    Cooper’s Findlay headquarters, and his wife, Heather. She is a
    graduate of Findlay High School in Findlay, Ohio, where she ranked
    first in her class. She intends to study nursing at The Ohio State
    University. Active in music, Madelin was a four-year member of show
    choir, including three years as part of Findlay First Edition and one
    year as a member of Voices in Perfection. She was a member of Teen
    Leadership Corps, the National Honor Society, Junior Statesmen of
    America and served as a delegate to Buckeye Girls State. Madelin was
    also active as a member of her church youth group and served as part
    of the youth board.
  • Alyssa Smith—Alyssa is the 18-year-old daughter of Jeff Smith,
    Tire Inspector at Cooper’s Texarkana plant, and his wife, ARhonda. She
    is a graduate of Arkansas High School in Texarkana, Arkansas, where
    she earned the honor of valedictorian. She intends to pursue a degree
    in engineering at the University of Arkansas at Little Rock. Alyssa
    was a four-year member of Student Council and the softball team. She
    has participated in Fellowship of Christian Students, Art Club, and
    Interact Service Club. She also has been an active member of her
    church ministry team and volunteered for Special Olympics, Harvest
    Texarkana Food Bank, Susan G. Komen Race for the Cure, and the Tim
    Tebow Foundation’s Night to Shine.
  • Lillian Swails—Lillian is the 18-year-old daughter of David
    Swails, Millwright at Cooper’s Findlay plant, and his wife, Lisa. She
    is a graduate of Arlington High School in Arlington, Ohio and intends
    to pursue a degree in environmental safety and occupational health at
    the University of Findlay. Lillian was a four-year member of the
    Arlington All-Brass Band, FFA and participated in numerous school
    plays and musicals. She was a member of both the National Honor
    Society and Science National Honor Society. Outside of school, she was
    a six-year member of 4-H and participated in Junior Fairboard and
    Hancock County Junior Leadership. Lillian has volunteered for several
    years with the Arlington Village Festival.
  • Jacob Tackett—Jacob is the 18-year-old son of Chad and Tracy
    Tackett. Chad is the Mold Shop Supervisor for Cooper’s Findlay plant
    and Tracy works as a Graphic Designer at Cooper’s Findlay
    headquarters. He is a graduate of Riverdale High School in Mt.
    Blanchard, Ohio, and intends to study engineering technology at Owens
    Community College. Jacob was a four-year member of his school’s
    industrial arts program and participated in baseball, basketball and
    golf, serving as captain of the golf team. He was an active member of
    Boy Scouts of America, holding many leadership positions and earning
    Eagle Scout rank. He was also active in his church youth group and
    operated a part-time firewood business.

“This very deserving group of scholarship winners has not only excelled
in the classroom, but has served as student leaders, been active members
of their communities and held part-time jobs while in school. We are
proud to support them with scholarships from Cooper,” said Brad Hughes,
President & Chief Executive Officer. “I congratulate these exceptional
students and their families, and wish them the best as they pursue
continued education toward their career goals.”

Cooper’s scholarship program is administered by the Findlay-Hancock
County Community Foundation, an independent philanthropic agency that
manages nearly 400 funds, including 115 scholarships. To be considered
for these awards, each student is required to submit an application and
essay. An independent committee then selects the winners. This year, six
students were selected from among 40 qualifying applicants nationwide.

About Cooper Tire & Rubber Company

Cooper Tire & Rubber Company (NYSE: CTB) is the parent company of a
global family of companies that specializes in the design, manufacture,
marketing and sale of passenger car, light truck, medium truck,
motorcycle and racing tires. Cooper’s headquarters is in Findlay, Ohio,
with manufacturing, sales, distribution, technical and design operations
within its family of companies located in more than one dozen countries
around the world. For more information on Cooper, visit www.coopertire.com,
www.facebook.com/coopertire
or www.twitter.com/coopertire.

Contacts

Anne Roman
419.429.7189
[email protected]


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Cannabis

Cannabis Concentrate Market to Cross US$2.4 Billion by 2030 amid Rising Medical and Recreational Demand

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IMC to transfer its Oranim Pharmacy shares back to the seller

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imc-to-transfer-its-oranim-pharmacy-shares-back-to-the-seller

TORONTO and GLIL YAM, Israel, April 16, 2024 /PRNewswire/ — IM Cannabis Corp. (CSE: IMCC) (NASDAQ: IMCC) (the “Company” or “IMC“), a leading medical cannabis company with operations in Israel and Germany, is announcing that, further to the news release dated January 12, 2024, the Company has decided not to make remaining installment payments installments (i.e. NIS 5,873K including interest or 2,154K CAD) by IMC Holdings Ltd., and as such will transfer the 51% shares held by IMC Holdings Ltd back to the  seller.

“With the April 1st cannabis legalization in Germany, we are focusing our resources on the German market, where we expect to see the biggest growth potential,” said Oren Shuster, CEO of IMC. “With both of our core markets, Germany and Israel, currently undergoing rapid evolution, we need to assure that we allocate our resources to the growth opportunities where we expect the best return on investment.”

About IM Cannabis Corp.

IMC (Nasdaq: IMCC) (CSE: IMCC) is an international cannabis company that provides premium cannabis products to medical patients in Israel and Germany, two of the largest medical cannabis markets. The Company has recently exited operations in Canada to pivot its focus and resources to achieve sustainable and profitable growth in its highest value markets, Israel and Germany. The Company leverages a transnational ecosystem powered by a unique data-driven approach and a globally sourced product supply chain. With an unwavering commitment to responsible growth and compliance with the strictest regulatory environments, the Company strives to amplify its commercial and brand power to become a global high-quality cannabis player.

The IMC ecosystem operates in Israel through its commercial relationship with Focus Medical Herbs Ltd., which imports and distributes cannabis to medical patients, leveraging years of proprietary data and patient insights. The Company also operates medical cannabis retail pharmacies, online platforms, distribution centers, and logistical hubs in Israel that enable the safe delivery and quality control of IMC’s products throughout the entire value chain. In Germany, the IMC ecosystem operates through Adjupharm GmbH, where it distributes cannabis to pharmacies for medical cannabis patients. Until recently, the Company also actively operated in Canada through Trichome Financial Corp and its wholly owned subsidiaries, where it cultivated, processed, packaged, and sold premium and ultra-premium cannabis at its own facilities under the WAGNERS and Highland Grow brands for the adult-use market in Canada. The Company has exited operations in Canada and considers these operations discontinued.

Disclaimer for Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements under applicable Canadian and U.S. securities laws (collectively, “forward-looking statements”). All information that addresses activities or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made. In the press release, such forward-looking statements include, but are not limited to,  the occurrence of growth opportunities and the likelihood of growth potential.

Forward-looking statements are based on assumptions that may prove to be incorrect, including but not limited to: the development and introduction of new products; continuing demand for medical and adult-use recreational cannabis in the markets in which the Company operates; the Company’s ability to reach patients through both e-commerce and brick and mortar retail operations; the Company’s ability to maintain and renew or obtain required licenses; the effectiveness of its products for medical cannabis patients and recreational consumers; and the Company’s ability to market its brands and services successfully to its anticipated customers and medical cannabis patients.

The above lists of forward-looking statements and assumptions are not exhaustive. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated or implied by such forward looking statements due to a number of factors and risks. These include: any failure of the Company to maintain “de facto” control over Focus Medical in accordance with IFRS 10; the failure of the Company to comply with applicable regulatory requirements in a highly regulated industry; unexpected changes in governmental policies and regulations in the jurisdictions in which the Company operates; the effect of the reform on the Company; the Company’s ability to continue to meet the listing requirements of the Canadian Securities Exchange and the NASDAQ Capital Market; any unexpected failure to maintain in good standing or renew its licenses; the ability of the Company and Focus Medical (collectively, the “Group”) to deliver on their sales commitments or growth objectives; the reliance of the Group on third-party supply agreements to provide sufficient quantities of medical cannabis to fulfil the Group’s obligations; the Group’s possible exposure to liability, the perceived level of risk related thereto, and the anticipated results of any litigation or other similar disputes or legal proceedings involving the Group; the impact of increasing competition; any lack of merger and acquisition opportunities; adverse market conditions; the inherent uncertainty of production quantities, qualities and cost estimates and the potential for unexpected costs and expenses; risks of product liability and other safety-related liability from the usage of the Group’s cannabis products; supply chain constraints; reliance on key personnel; the risk of defaulting on existing debt and war, conflict and civil unrest in Eastern Europe and the Middle East

Any forward-looking statement included in this press release is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made.

The Company does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Company Contacts:

Anna Taranko, Director Investor & Public Relations
IM Cannabis Corp.
+49 157 80554338
[email protected]

Oren Shuster, Chief Executive Officer
IM Cannabis Corp.
[email protected]

Logo – https://mma.prnewswire.com/media/1742228/IM_Cannabis_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/imc-to-transfer-its-oranim-pharmacy-shares-back-to-the-seller-302117984.html

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Cannabis

Right on Brands Announces Major Product Line Expansion via HONEY® Brands

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GrassNews.net: Your premier portal for the latest developments in the cannabis industry. We provide timely news, insightful analysis, and in-depth features on everything from legislation changes and business trends, to scientific research and lifestyle topics. Stay informed and navigate the rapidly evolving cannabis landscape with GrassNews.net..

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