The Portland-based company wants out of a $1.7 billion deal to buy 2 British firms, citing the negative effects the coronavirus pandemic has had on their value.
maine businesses
Posted inBusiness, Maine
After long wait, Mainers revel in first day of recreational pot sales
Long lines formed outside some of the 6 stores that opened Friday, and the limited supply and high prices didn’t dampen the spirits of those who turned out to celebrate the freedom to buy marijuana legally.
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Posted inBusiness, Maine
New claims for unemployment aid remain elevated in Maine
More than 2,100 Mainers filed initial claims last week as the number of people receiving unemployment benefits remained stubbornly high.
Posted inBusiness, Maine, Maine Cannabis Report
Once shut out, Maine cannabis industry now eligible for sustainable energy grants
Efficiency Maine voted 5-2 Wednesday to allow state-legal marijuana businesses to apply for energy efficiency program grants.
Posted inBusiness, Maine
Midcoast Federal Credit Union to merge with Maine State Credit Union
The combined entity would operate as Maine State Credit Union, with over $725 million in assets and 46,000 members across eight locations.
Posted inBusiness, Food & Dining
The Wrap: New Asian restaurant in Portland, and 2 favorites reopen
Silly’s and Empire Chinese Kitchen reopen, oysters pop up, and Open Creamery Day goes on.
Posted inBusiness, Food & Dining, News
Portland looks for ways to extend outdoor dining to Jan. 2
The city’s staff is developing a plan that will go before the council on Oct. 19.
Posted inBusiness, Maine
Spectrum to add 200 jobs at Portland call center
New workers at the cable TV and internet provider’s Portland facility will focus on calls about the company’s mobile phone service.
Posted inBusiness, Maine
Group pushes to close loophole in Maine’s ban on out-of-state waste
Environmentalists and grassroots activists say regulations let hundreds of thousands of tons of waste from other states go into Maine’s largest landfill.
Posted inBusiness, Maine
Maine construction industry remains strong amid economic downturn
The state fared better than other parts of the country, but what the future holds is uncertain.