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KB Home Announces the Grand Opening of Carmel Ridge and Santa Barbara at Spring Mountain Ranch in Riverside, California

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Homebuilder’s latest Spring Mountain Ranch neighborhoods offer
elegant single-family new homes in a commuter-friendly Riverside
location; priced from the $400,000s

RIVERSIDE, Calif.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24KBH&src=ctag” target=”_blank”gt;$KBHlt;/agt; lt;a href=”https://twitter.com/hashtag/EnergyEfficiency?src=hash” target=”_blank”gt;#EnergyEfficiencylt;/agt;–KB Home (NYSE: KBH) today announced the grand opening of Carmel Ridge
and Santa Barbara at Spring Mountain Ranch, its two latest collections
of new single-family homes in Riverside. Spring Mountain Ranch, one of
the top selling master-planned communities in Southern California, is
ideally situated near the Riverside Metrolink® station,
Interstates 215 and 10, and Highways 91 and 60, offering easy access to
notable area employers, including Loma Linda University Medical Center,
The Mission Inn Hotel & Spa and University of California, Riverside.

At Spring Mountain Ranch, KB Home is offering two distinct collections
of homes: Carmel Ridge and Santa Barbara.

  • The KB homes at Carmel Ridge are available in seven distinct one- and
    two-story floor plans, with up to seven bedrooms and four baths and
    range in size from 2,200 to 3,600 square feet. Pricing begins in the
    $440,000s
  • The KB homes at Santa Barbara are available in nine distinct one- and
    two-story floor plans, with up to six bedrooms and three baths and
    range in size from 1,400 to 2,900 square feet. Pricing begins from the
    $400,000s

Nestled at the base of the Box Springs Mountains, Spring Mountain Ranch
offers a variety of planned amenities, including a six-acre community
park with basketball court, BBQ and picnic areas and over six miles of
walking trails. Historic downtown Riverside boasts a plethora of
shopping and dining establishments, as well as entertainment options for
the whole family. Outdoor enthusiasts will delight in the community’s
proximity to Box Springs Mountain Reserve, a popular park offering
hiking trails, picnicking, and 3,400 acres of breathtaking scenery.
School-aged children may attend school in the Riverside Unified School
District.

“The elevated homesites at Carmel Ridge and Santa Barbara are unique and
some offer scenic views of the beautiful Box Springs Mountains,” said
John Fenn, president of KB Home’s Inland Empire division. “Homebuyers
looking for the opportunity to live in this spectacular setting should
tour the model homes at Carmel Ridge and Santa Barbara at Spring
Mountain Ranch this weekend.”

KB Home will host a special broker sneak preview at The Meadows, Friday,
May 31, 3–5 p.m., as well as a special VIP preview of the model homes,
Saturday, June 1, 9–11 a.m. The grand opening celebration of these new
neighborhoods at Spring Mountain Ranch will be held on Saturday, June 1,
11 a.m.–6 p.m., and Sunday, June 2, 10 a.m.–6 p.m., during which
attendees may tour the nine elegantly appointed model homes. Food and
refreshments will be provided on Saturday, 11 a.m.–2 p.m.

The KB homes at Carmel Ridge and Santa Barbara at Spring Mountain Ranch
will be built to current ENERGY STAR® certification
guidelines and include WaterSense® labeled faucets and
fixtures, meaning they are designed to be more energy and water
efficient than most typical new and resale homes available in the area.
These energy- and water-saving features are estimated to save homebuyers
between $1,680 and $2,808 a year in utility costs, depending on floor
plan.

KB Home’s distinct home building process allows buyers to personalize
many aspects of their new home to suit their budget and style. After
selecting their lot and floor plan, KB homebuyers can work with expert
design consultants who will guide them through every aspect of the
process at the KB Home Design Studio, a retail-like showroom where they
may select from a variety of design choices, including countertops,
cabinets, lighting, appliances and window coverings.

The Carmel Ridge and Santa Barbara at Spring Mountain Ranch sales center
is located at 20654 Boxcar Court in Riverside. From I-215 North, exit on
Columbia Ave. and turn right on E. La Cadena Dr. Turn left on Columbia
Ave., left on Iowa Ave., right on Palmyrita Ave. and left on Mt. Vernon
Ave. Turn right on Pigeon Pass Rd. and left on Spring Mountain Rd.
Follow the signs to the sales center. The Carmel Ridge and Santa Barbara
at Spring Mountain Ranch sales center is open Mondays 1–6 p.m., and
Tuesday through Sunday 10 a.m.–6 p.m. For more information about Carmel
Ridge and Santa Barbara at Spring Mountain Ranch or KB Home’s other
new-home neighborhoods, visit www.kbhome.com
or call 888-KB-HOMES.

About KB Home

KB Home (NYSE: KBH) is one of the largest homebuilders in the United
States, with more than 600,000 homes delivered since our founding in
1957. We operate in 38 markets in eight states, primarily serving
first-time and first move-up homebuyers, as well as second move-up and
active adults. We are differentiated in offering customers the ability
to personalize what they value most in their home, from choosing their
lot, floor plan, and exterior, to selecting design and décor choices in
our KB Home Studios. In addition, our industry leadership in
sustainability helps to lower the cost of homeownership for our buyers
compared to a typical resale home. We take a broad approach to
sustainability, encompassing energy efficiency, water conservation,
healthier indoor environments, smart home capabilities and waste
reduction. KB Home is the first national builder to have earned awards
under all of the U.S. EPA’s homebuilder programs — ENERGY STAR®,
WaterSense® and Indoor airPLUS®. We invite you to learn more about KB
Home by visiting www.kbhome.com,
calling 888-KB-HOMES, or connecting with us on Facebook.com/KBHome
or Twitter.com/KBHome.

Contacts

Craig LeMessurier, KB Home
925-580-1583 or
clemessurier@kbhome.com

Cannabis

Sunniva Announces Closing Of Third Tranche Of Short Term Bridge Financing For Proceeds Of Cad $325,000

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Sunniva Inc. (“Sunniva”, the “Company”, “we”, “our” or “us”) (CSE:SNN) (OTCQB:SNNVF), a North American provider of cannabis products and services, is pleased to announce that it has closed the third tranche of the Company’s non-brokered private placement (the “Offering“), previously announced on August 1, 2019 of CAD $325,000 for a total of 325,000 units of the Company (“Units“). In aggregate the total gross proceeds raised by the Offering was CAD $7.57 million and 7.57 million Units issued. Each Unit consists of a principal amount of unsecured promissory notes of the Company (“Promissory Notes“) and common share purchase warrants of the Company (“Warrants“).

As previously disclosed, proceeds of the Offering will be used to provide short term working capital for operations in California, capital costs at the Sunniva California Campus and general corporate purposes.

The Units issued under the Offering have the following terms:

Promissory Notes  

     Maturity: 

6 months from the closing date.

     Interest Rate:

10% (annual rate).

Warrants 

     Number of Warrants:   

0.40 Warrants per Unit (each Warrant entitles the holder to acquire one common

share of the Company at the Warrant Exercise Price).

     Warrant Exercise Price:  

CAD $2.50 per Warrant.

     Warrant Term:         

24 months from closing.

A finder’s fee of 5% payable in cash will be paid to certain investment advisors for introducing certain purchasers of Units to the Company.

The Promissory Notes and Warrants have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Promissory Notes or Warrants in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

For more information please visit: www.sunniva.com.

To be added to the Sunniva email distribution list please register at www.sunniva.com/email-alerts.mailto:

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

SOURCE Sunniva Inc.

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Cannabis

Prairie Records Tops the Charts: Named Top Cannabis Retailer in Canada at Grow UP

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Westleaf Inc. (the “Company” or “Westleaf“) (TSX-V:WL) (OTCQB:WSLFF) is proud to announce its Prairie Records retail stores have been named top cannabis retailer in Canada at the GrowUP Conference & Expo. Singing a different tune in cannabis retail, the award win is a testament to how Prairie Records is offering Canadian’s a truly unprecedented purchasing experience.

“It is extremely gratifying to have Prairie Records be recognized at one of the industry’s largest events and to be able to stand out amongst a field of very worthy retail competitors,” says Adam Coates, Chief Commercial Officer at Westleaf and Retail Brand Strategist for Prairie Records. “We set out to make waves in a sea of sameness by creating an immersive experience like no other in the marketplace, and we are pleased and honoured to receive this, the first Grow UP Conference retail award.”

Ten companies were nominated in the Grow UP retail category at this year’s event, the first for the industry. Among the nominees were independent stores and well-known national chains. Prairie Records was recognized based on delivering an unparalleled consumer purchasing experience and creating a welcoming brand for cannabis consumers.

Westleaf has four Prairie Records stores open, three in the Saskatoon region and one in Calgary, which is hosting its grand opening tomorrow, September 14. The concept combines the tactile and immersive feel of a vinyl record store with a cannabis purchasing experience. Information about the cannabis strains and strengths are presented on album covers and the customer is enveloped in a warm and welcoming retail experience. The staff are well versed on the product offering and provide educational opportunities for both the experienced cannabis connoisseur as well as the novice consumer.

 

SOURCE Westleaf Inc.

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Cannabis

INTERCURE: CANNDOC signs strategic distribution agreement with S.L.E. of TEVA Pharmaceuticals

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InterCure (TASE: INCR), announced that subsidiary Canndoc has entered into a strategic distribution agreement with Salomon, Levin, Elstein (S.L.E.,) which is owned by Teva Pharmaceuticals Industries (NYSE: and TASE: TEVA).

Under terms of the agreement, S.L.E. will distribute Canndoc’s GMP products to pharma clients, including hospitals, health maintenance organizations (HMOs) and all pharmacies in Israel, including pharmacy chains. In the future, as regulatory approvals allow, S.L.E. will provide logistics capability for exporting Canndoc’s products to countries that support regulations for the sale and distribution of cannabis products for medical use.

S.L.E. is one of Israel’s leading companies for providing health logistics services and distributes products from dozens of local and international companies. S.L.E. is licensed by the Israeli Ministry of Health, and also holds a GDP distribution license.

“Our agreement with S.L.E., Israel’s leading company in distributing medical products, creates a complete supporting platform for supplying Canndoc’s GMP products to any location in Israel and for countries with similar regulations,” said Canndoc’s Chairman Ehud BarakThrough its S.L.E. partnership, Canndoc has aligned itself with one of the most prominent pharmaceutical companies in the world, for the distribution of cannabis-based medical treatments to countries that recognize the value of these medicines for people in need.”

S.L.E. CEO Aviad Bossi adds, “The agreement brings together our well-established pharmaceutical distribution network with Canndoc’s high quality medical cannabis industry presence and market leadership. Beyond the operations in Israel, this agreement will provide Canndoc significant logistical capabilities that can support Canndoc’s exporting operations from Israel.”

The distribution agreement is set for a 3-year term and includes a mechanism for automatic extension periods of two years each.

Canndoc is one of the first licensed producers, with its GMP-approved medical cannabis Rx products being sold in pharmacies. The engagement in this distribution agreement will broaden Canndoc’s ability to distribute GMP products to its patients within the S.L.E. pharmacy network throughout Israel. In addition, S.L.E. will provide Canndoc significant logistical capabilities in the future supporting Canndoc’s ability to export its products to countries with consistent regulation for the sale and distribution of cannabis products for medical use.

 

SOURCE Canndoc

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