Wednesday, May 27, 2020

3 Tips to Cut Roofing Costs

Are you planning on having your roof replaced or repaired anytime soon? Check out these useful tips that could help you save hundreds or thousands of dollars:

Schedule your project during the off-season
Roofing contractors are in great demand at certain times of the year, typically in the autumn after fall and in the summer. If you live in a climate where you can schedule the repairs in the off-season, you can set yourself up for really handsome discounts over the busy-season rates. However, make sure that the experts will be available since many of the contract labor in this industry move away during the lean season. Source: ArchitectureIdeas

Know the scope of work needed
Understand the size and complexity of your roof and know the exact materials you want to have installed before talking to contractors. These details help keep estimates consistent and encourage competitive pricing, Bulifant says.

If you encounter the term “roofing square” while researching materials or getting estimates, know that one “square” equals 100 square feet of roofing material. And if you’re talking with a roofing contractor, installation and disposal fees probably are included in the estimate. Source: NerdWallet

Research before accepting an offer
You should always obtain several quotes on any home improvement project to find the best price; however, the lowest quote is not always the best. By choosing a subpar roofer or company, you’re putting yourself at risk of delayed completion times and shoddy work. Before accepting the lowest quote, always research the company and workers, checking for any complaints, and ensuring that they’re fully licensed in your state. Although a better contractor may cost more upfront, it will likely save you money in the end. Source: HomeGuides.SFGate

We can help turn your dream roofing project into a reality! We’ve been doing this for several households in Vancouver for over 54 years. Call us today if you want to get a free estimate.

 

Contact:
Kerrisdale Roofing & Drains
8296 Ross St, Vancouver, BC V5X 4C6
(604) 360-2114



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Thursday, May 21, 2020

What is a Green Roof and Why You Should Try It

If you’re looking for an eco-friendly roofing option, you might want to consider installing a living roof for your home. Discover more about it below:

Intensive and extensive green roof
There are three main types of green roofing, determined by the depth of the planting and the level of maintenance they require: intensive, semi-intensive and extensive. While extensive roofs can handle 10 to 25 pounds of vegetation per square foot, intensive roofs aim for 80 to 150 pounds, and semi-intensive fall between those two ranges.

An intensive green roof is more like a rooftop garden, with a great deal of labor, irrigation and feeding required to maintain plants with roots that grow deep into 7 to 24 inches of soil. Some even include water features, such as small ponds. Extensive roofs, in contrast, are meant to be self-sustaining with 1.6 to 5 inches of soil and the need for only once-yearly weeding. If the roof is not easily accessible, an extensive roof is likely the best bet. Source: Engineering

Semi-intensive (or hybrid) green roof
With this treatment, choices in vegetation are much broader than with an extensive green roof. Plus, not much maintenance is required. This green roof can be described as a combination of an extensive and intensive roof, and therefore is also called a hybrid roof. A variety of plants that grow well in a soil depth of five to seven inches are good to use, including certain perennials, ornamental grasses, herbs, shrubs, and sedums. Because irrigation is only needed from time to time and it requires a medium amount of maintenance, most rooftops can benefit from a semi-intensive green roof. Source: Dwell

Why go green?
A landscaped or grass roof has many advantages, if you plan it correctly. Depending on where you live and the water needs of your area, you can choose plants that handle lots of rain or ones that tolerate drought. The key to selection is to find plants that don’t have aggressive roots that can damage your rooftop (like bamboo).

A green rooftop absorbs heavy rainfall and reduces flooding. It also extends the life of a roof by protecting it from the elements. Most importantly, green roof designs insulate a home or building, reducing the temperature inside. Major cities can benefit from living roofs to combat the heat they create, called heat islands.

According to the EPA, city buildings are made of concrete and cement that trap the day’s heat. This heat can raise the temperature of a city “as high as 22 degrees more” than a nearby rural area. This increases the need for air conditioning and electricity, contributing more greenhouse gases to the atmosphere. Source: Freshome

Still can’t decide which type of roofing will go best for your dream home? We’ve got you covered! Call us today so we can help you pick one that will suit your budget and needs.

 

Contact:
Kerrisdale Roofing & Drains
8296 Ross St, Vancouver, BC V5X 4C6
(604) 360-2114



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Friday, May 15, 2020

4Front Ventures Announces Closings of $5.8 Million U.S. Private Placement and Sale of Non-Core Pennsylvania Retail Assets

PHOENIX, Ariz., May 15, 2020 – 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) (“4Front” or the “Company“) announced the upsizing and close of a private placement of convertible debentures and the close of the sale of its non-core retail assets in Pennsylvania.  The closing of these transactions marks significant progress towards the Company’s stated objectives of being fully-funded and achieving cash flow positivity in the second half of 2020.

Private Placement
The Company has closed a raise of approximately $5.8 million U.S. in a private placement of convertible debt led by Navy Capital. The financing was upsized from the previously announced commitments for $4 million U.S., with the incremental capital coming mostly from existing shareholders.

The Notes have an annual coupon of 5%, paid-in-kind, and will mature on February 28, 2022. The Notes are exchangeable into subordinate voting shares (“common equivalent”) at a conversion price of $0.25 U.S. Some lenders were issued a debenture which exchanges a portion of their existing equity investments into a security intended to mimic the liquidity preference found in a preferred equity.

Non-core License Sales
4Front also announced that it completed the sale of its stake in Pennsylvania retail assets to Ethos Cannabis for approximately $10.6 million U.S. in cash. As previously announced, 4Front has also entered into a binding agreement to sell its stake in non-core retail assets in Maryland. The sale of these assets is also to Ethos Cannabis and is expected to close over the next 45 days pending certain regulatory approvals.

Beacon Securities Limited acted as financial advisor to 4Front in connection with these asset sales and received a customary advisory fee.

To be added to the email distribution list, please email 4FrontIR@kcsa.com with “4Front” in the subject.

###

About 4Front Ventures Corp. 4Front is a cannabis company designed for long-term success and built upon battle-tested operating capabilities at scale, experienced and committed leadership, and a strategic asset base. From plant genetics to the cannabis retail experience, 4Front’s team applies expertise across the value chain. 4Front has invested heavily to assemble a comprehensive collection of management skills and hands-on operating expertise to capitalize on the unique growth opportunity being afforded by the increased legalization of cannabis. For more information, visit 4Front’s website.

4Front Investor Contact
Andrew Thut, Chief Investment Officer
IR@4frontventures.com
602-633-3067

Phil Carlson / Elizabeth Barker
4FrontIR@kcsa.com
212-896-1233 / 212-896-1203

4Front Media Contacts
Anne Donohoe / Nick Opich KCSA Strategic Communications adonohoe@kcsa.com / nopich@kcsa.com
212-896-1265 / 212-896-1206

This news release was prepared by management of 4Front Ventures, which takes full responsibility for its contents. The Canadian Securities Exchange (“CSE”) has not reviewed and does not accept responsibility for the adequacy of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Forward Looking Statements
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in 4Front Ventures’ periodic filings with securities regulators. When used in this news release, words such as “will, could, plan, estimate, expect, intend, may, potential, believe, should,” and similar expressions, are forward-looking statements.

Forward-looking statements may include, without limitation, statements related to future developments and the business and operations of 4Front Ventures, developments with respect to legislative developments in the United States, expectations regarding the COVID-19 pandemic, future revenue or Adjusted EBITDA expectations, statements regarding when or if any contemplated or in-progress transactions will close or if/when required regulatory approvals are attained, and other statements regarding future developments of the business. The closing of the transactions described in this news release, including the divesture of Pennsylvania and Maryland assets and the sale of convertible debt, is subject to customary conditions and there can be no guarantee that such transactions will close.

Although 4Front Ventures has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: dependence on obtaining regulatory approvals; investing in target companies or projects which have limited or no operating history and are engaged in activities currently considered illegal under U.S. federal laws; change in laws; limited operating history; reliance on management; requirements for additional financing; competition; hindering market growth and state adoption due to inconsistent public opinion and perception of the medical-use and adult-use marijuana industry and; regulatory or political change.

There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the results or events predicted in these forward-looking statements may differ materially from actual results or events.

Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. 4Front Ventures disclaims any intention or obligation to update or revise such information, except as required by applicable law, and 4Front Ventures does not assume any liability for disclosure relating to any other company mentioned herein.

The post 4Front Ventures Announces Closings of $5.8 Million U.S. Private Placement and Sale of Non-Core Pennsylvania Retail Assets appeared first on 4Front.



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Thursday, May 14, 2020

How to Remove Moss From Your Roofing

We’ve previously discussed how moss can be harmful for your roof, and why you must have it removed right away. Today, we will talk about the steps you need to take to keep it from causing damage.

Clear away the moss
Carefully place a ladder near the area of moss growth, and don slip-resistant shoes, old clothes, rubber gloves, and eye protection. (You may also want to secure yourself with a safety rope.) Hose off the area with plain water, spraying at a downward angle. Then, use a long-handled soft-bristle scrub brush to remove the moss from the roof, scrubbing from the top down to avoid lifting shingles. As you continue, rub gently—don’t scrape, scour, or pound on the roof—and work in one small section at a time to avoid ripping, cracking, or breaking the shingles.

Note: Don’t use a pressure washer on the roof. The high-powered water jets can damage shingles and remove the shingle granules that protect the roof. Source: BobVila

Kill off the remaining moss
Moss may be hardy, but not hardy enough to stand up to bleach, vinegar or even dish soap. You can combine any of these common household supplies with water to make a spray that will prove lethal to roof moss. Start with 2 gallons of water and add any of the following ingredients:

8 ounces dish soap
1 pound oxygenated bleach
1 1/2 to 3 1/2 cups of liquid chlorine bleach or white vinegar.
Let the solution remain on the moss for 20 to 45 minutes, which should be long enough for the moss to die.

If you prefer to use a store-bought moss killer, you have your choice of several products, including Wet & Forget, Moss B Ware or Bayer 2-in-1 Moss and Algae Killer. Follow the directions on the container for the best use of any of these products. Some are designed to be rinsed off, while others must remain on the moss for an extended period to do their job. Source: Hunker

Use copper flashing for prevention
Copper flashing around skylights and chimneys isn’t typically affected by moss growth, because as water runs off of the flashing, it carries traces of copper sulfate, which is a natural herbicide that prevents moss growth. Typically it’s best to place copper strips as high up on the roof as possible so that when water runs down your roof, the traces of copper sulfate cover as much of the roof surface as possible. If you have a long roof, you may need to install a strip of copper halfway up the roof, as well. According to Ask the Builder, one strip of copper protects 14 to 18 feet of roof below it. Source: HomeGuides.SFGate

Getting rid of moss can be a dangerous job if you don’t have the right tools. Let us help you out. Call us!

 

Contact:
Kerrisdale Roofing & Drains
8296 Ross St, Vancouver, BC V5X 4C6
(604) 360-2114



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Thursday, May 7, 2020

Can Moss Cause Damage to My Roof?

Have you inspected your roofing lately? When you start to notice fuzzy moss growing on the surface, you have to remove it right away. Or else you might get a headache because of the following problems:

Deterioration
As moss thickens, it works its way under the shingles and raises them up. If the shingles are wood, this process can happen at an alarming rate. Wood’s porous surface is prime real estate for moss growth. Once moss has adhered to wood shingles, the moss can be tougher to remove than from the relatively smoother planes of composite or asphalt shingles.

Once the moss is a thick mat, it becomes a sponge that soaks up and retains all moisture. This stored water works its way under and between shingles and then onto the lower levels of roofing felt and the structural elements of the roof. This eventually leads to rot, and rot leads to further decay of roofing materials. Source: TheSpruce

Vulnerability to elements
As stated above, moss can gradually dislodge shingles. As a result, your house more susceptible to damage by strong winds and severe storms.

Decreased home value
A strong and secure roof adds value to any home. It is one of the strongest selling points of a house. Unchecked growth of moss will negatively affect the value of your home. Source: DoItYourself

Shorter life span
Rainwater leaking through the roof from moss can also result in serious, unhealthy mold growth on interior room surfaces as well as wall component decay that is extremely expensive to repair.

Moss can shorten the life span of a shingled roof and result in costly repairs — both structural and cosmetic — that would not be necessary if the roof were maintained properly and kept clear of moss. Source: OregonLive

Make your roofing last longer by letting us take care of it. We’ll give you a free estimate when you call us today!

 

Contact:
Kerrisdale Roofing & Drains
8296 Ross St, Vancouver, BC V5X 4C6
(604) 360-2114



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Friday, May 1, 2020

4Front Ventures Announces $22 Million U.S. of New Funding

Company announces binding agreement for sale of its Assets in Pennsylvania and Maryland netting over $18 million U.S. in cash

Company secures $4 million U.S. through private placement

Transactions enable the Company to reach cash flow positive in 2020

PHOENIX, Ariz., May 1, 2020 – 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) (“4Front” or the “Company“) announced reaching a significant milestone in becoming cash flow positive in 2H 2020 through a sale of non-core retail licenses netting in excess of $18 million U.S. and a private placement of convertible debentures of $4 million U.S. The Company expects these transactions will fulfill the Company’s stated objectives of being fully-funded and achieving cash flow positivity in the second half of 2020.

Non-core License Sales
Consistent with its stated strategy of divesting non-core assets, the Company has entered into a definitive agreement to sell its stake in retail licenses in Pennsylvania and Maryland, netting in excess of $18 million U.S. in cash. The majority of the proceeds from the transaction are expected to be received in the next week, with the remainder closing over the next 45 days pending certain regulatory approvals. Upon receipt of proceeds from the transaction, 4Front anticipates prepaying up to $10 million U.S. of its outstanding debt obligations to entities associated with Gotham Green Partners. The transaction marks a significant milestone in 4Front’s goal of streamlining its cost-structure, allowing the company to focus on optimizing vertical operations in core markets such as Massachusetts, Illinois, Michigan and California.

Private Placement
The Company has commitments to raise $4 million U.S. in a private placement of convertible debt led by Navy Capital. The financing was contingent on entering into the asset divestiture agreements described above. These conditions have now been satisfied. The placement is scheduled to close on or about May 4, 2020.

The Notes have an annual coupon of 5%, paid-in-kind, and will mature on February 28, 2022. The Notes are exchangeable into subordinate voting shares (“common equivalent”) at a conversion price of $0.25 U.S.  Some lenders were granted a debenture which allows for the exchange of a portion of their existing equity investments into a security intended to mimic the liquidity preference found in a preferred equity, offering some downside protection on their initial equity investment.

Leo Gontmakher, CEO of 4Front, said, “This is a watershed moment for our company. We believe these non-core divestitures, combined with our private debt placement, put the Company in the enviable position of not needing additional capital to become cash flow positive. Our commitment to a lean corporate structure and focused execution allows us to achieve self-sufficient operations while minimizing dilution to our shareholders. The momentum in our business is strong and we can now turn our complete attention to maximizing growth in our core geographies and expanding our vertical operations to take meaningful market share in nascent adult-use markets.

Chetan Gulati of Navy Capital, said, “We are impressed with 4Front’s focus on long-term, sustainable growth and its ability to operate an efficient and lean business during these uncertain times. We believe their low-cost, high-yield cultivation and production facilities in Washington, Massachusetts and Illinois are replicable across multiple geographies and well-suited to driving growth at scale in a production-led industry. We are delighted to support the Company in its next phase of growth.”

Strong Business Momentum
4Front’s affiliated cultivation and production facilities in Washington state have achieved a dominant position in one of the most competitive cannabis markets in the country. Producing over 25 different products and 300 SKUs, the Company’s focus on quality, low-cost production at scale has driven high single digit market share in the Washington wholesale market. 4Front’s strategy going forward is to proliferate these product brands and low-cost production methodologies across its license portfolio and eventually beyond.

Progress on this strategy is already underway in Massachusetts as the Company has imported its Washington-grown expertise and achieved cultivation yields of over 400 grams per square foot and introduced its branded products to the market. The Company expects to accelerate further product roll-out and expand production capacity in anticipation of greater penetration in Massachusetts. 4Front also has near-term plans to double production capacity in Illinois before the end of the year and roll-out its brands to patients and consumers in the state, which remains a primary focus area for the Company.

About 4Front Ventures Corp.
4Front is a cannabis company designed for long-term success and built upon battle-tested operating capabilities at scale, experienced and committed leadership, and a strategic asset base. From plant genetics to the cannabis retail experience, 4Front’s team applies expertise across the value chain. 4Front has invested heavily to assemble a comprehensive collection of management skills and hands-on operating expertise to capitalize on the unique growth opportunity being afforded by the increased legalization of cannabis. For more information, visit 4Front’s website.

4Front Investor Contact
Andrew Thut, Chief Investment Officer
IR@4frontventures.com
602-633-3067

Phil Carlson / Elizabeth Barker
4FrontIR@kcsa.com
212-896-1233 / 212-896-1203

4Front Media Contacts
Anne Donohoe / Nick Opich
KCSA Strategic Communications
adonohoe@kcsa.com / nopich@kcsa.com
212-896-1265 / 212-896-1206

This news release was prepared by management of 4Front Ventures, which takes full responsibility for its contents. The Canadian Securities Exchange (“CSE”) has not reviewed and does not accept responsibility for the adequacy of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Forward Looking Statements
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in 4Front Ventures’ periodic filings with securities regulators. When used in this news release, words such as “will, could, plan, estimate, expect, intend, may, potential, believe, should,” and similar expressions, are forward-looking statements.

Forward-looking statements may include, without limitation, statements related to future developments and the business and operations of 4Front Ventures, developments with respect to legislative developments in the United States, expectations regarding the COVID-19 pandemic, future revenue or Adjusted EBITDA expectations, statements regarding when or if any contemplated or in-progress transactions will close or if/when required regulatory approvals are attained, and other statements regarding future developments of the business. The closing of the transactions described in this news release, including the divesture of Pennsylvania and Maryland assets and the sale of convertible debt, is subject to customary conditions and there can be no guarantee that such transactions will close.

Although 4Front Ventures has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: dependence on obtaining regulatory approvals; investing in target companies or projects which have limited or no operating history and are engaged in activities currently considered illegal under U.S. federal laws; change in laws; limited operating history; reliance on management; requirements for additional financing; competition; hindering market growth and state adoption due to inconsistent public opinion and perception of the medical-use and adult-use marijuana industry and; regulatory or political change.

There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the results or events predicted in these forward-looking statements may differ materially from actual results or events.

Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. 4Front Ventures disclaims any intention or obligation to update or revise such information, except as required by applicable law, and 4Front Ventures does not assume any liability for disclosure relating to any other company mentioned herein.

The post 4Front Ventures Announces $22 Million U.S. of New Funding appeared first on 4Front.



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