The United Basalt Products Ltd (UBP.mu) listed on the Stock Exchange of Mauritius under the Building & Associated sector has released it’s 2017 interim results for the half year.For more information about The United Basalt Products Ltd (UBP.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the The United Basalt Products Ltd (UBP.mu) company page on AfricanFinancials.Document: The United Basalt Products Ltd (UBP.mu) 2017 interim results for the half year.Company ProfileThe United Basalt Products Limited operates in two segments which are building materials and agriculture, to manufacture, retail and sell building materials in Mauritius. The company’s core products include aggregates, rocksand, hollow concrete blocks, precast concrete slabs and ready-to-use dry mortars. The United Basalt Products Limited also provides various concrete building components, such as paving-blocks and roof tiles, imported floor and wall tiles, and sanitary ware as well as home building and decorating products, fittings, tools, and garden accessories. The Agriculture segment deals in the cultivation of sugarcane, plants and landscaping services. The United Basalt Products Limited is listed on the Stock Exchange of Mauritius.
Make a comment Business News Top of the News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Community News Cannabis Dispensary Says Company Will Sue the City MedMen set to seek relief in court after City Manager rejects application By ANDRÉ COLEMAN, Managing Editor Published on Thursday, September 3, 2020 | 1:22 pm STAFF REPORT First Heatwave Expected Next Week faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy 27 recommended0 commentsShareShareTweetSharePin it In a comment to Pasadena Now, a MedMen spokesperson said the cannabis dispensary has been treated unfairly and will file a lawsuit against the city.“We believe the city has treated us unfairly and inconsistently from how they have treated other applicants, and the August 27th letter addressed to MedMen is flawed and filled with factual inaccuracies. We intend to seek relief in court,” a MedMen spokesperson said Thursday, one day after Pasadena Now reported the company’s application had been rejected.MedMen (MME Pasadena), Harvest Pasadena, Integral LLC, Tony Fong, Atrium, and Sweetflower won the right to apply for the necessary permits to legally sell cannabis in Pasadena. So far, only Harvest, Integral, and Tony Fong have advanced in the process. Atrium and Sweetflower were disqualified on procedural issues.But late last month, Mermell rejected MedMen’s application after an internal investigation revealed a material change in ownership and company management.According to the city’s process, “A change of ownership and/or management is not allowed and is considered material where it constitutes a change of control.”“It is my finding that there has been a material change in ownership and/or management in MedMen such that the evaluation and scoring of MedMen’s Application are no longer valid,” Mermell wrote in that Aug. 27 letter. “As such, it is my decision that: there is a change of control, MedMen has lost the right to proceed through the cannabis permitting process, and MedMen’s Application is hereby rejected.”According to Mermell, nine out of 10 applicants listed as owners on MedMen’s applications in the city’s process have changed since the company was chosen to move forward in the process, including Adam Bierman, who served as the company’s chief executive officer, Chief Operating Officer Ben Cook and MedMen President Andrew Modlin.Gotham Green acquired 31.9 percent of the company’s voting power and 575,434,313 shares, which makes it the second-largest shareholder in the company.“The city concludes that Gotham Green, with 31.9 percent of the total voting power and as the second-largest shareholder, has the ability to control management and the direction of MedMen,” according to Mermell’s letter.The application process placed high importance in previous experience and demonstrated knowledge of the cannabis industry, which Biernan Cook and Modlin possess.In his letter, Mermell said the new leaders in the company do not have a cannabis background.“Notably, MedMen provided little to no evidence of cannabis experience of its current management team and Board of Directors, who appear to have primarily retail and food and beverage experience at retailers such as Frederick’s of Hollywood, David’s Bridal, Guess, Coffee Bean & Tea Leaf, and Whole Foods,” Mermell wrote. “No evidence was provided that any of the current management team have comparable cannabis permit experience, such as that provided by Bierman, Modlin and Cook.”When asked to comment on Thursday city officials referred Pasadena Now back to the letter sent to MedMen officials. Subscribe Name (required) Mail (required) (not be published) Website Your email address will not be published. Required fields are marked * Community News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena More Cool Stuff Herbeauty10 Of The Most Notorious Female Spies In HistoryHerbeautyHerbeautyHerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeautyHerbeautyThe Most Heartwarming Moments Between Father And DaughterHerbeautyHerbeautyHerbeautyHow To Lose Weight & Burn Fat While You SleepHerbeautyHerbeautyHerbeauty10 Questions To Start Conversation Way Better Than ‘How U Doing?’HerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeauty CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Community News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS