Mainebiz

V O L . X X V N O. X M AY 1 3 , 2 0 1 9 10 B U S I N E S S M A I N E B U S I N E S S M A I N E B U S I N E S S N E W S F RO M A RO U N D T H E S TAT E Auburn cannabis grower to expand e developer of large greenhouses in Auburn for growing cannabis has bought additional land to build a dis- pensary and testing lab. Plans for 11.8 acres at 1315 Minot Ave. in Auburn include development of a strip mall that would include a recreational- use cannabis dispensary and testing lab, and perhaps a coffee shop and additional retail space. Clifford Miller purchased the parcel from KJD Maine Co. LLC for $90,000. Miller, a Lisbon native and real estate investor founded Atlantic Cannabis Collective in 2017, after Maine voters approved the sale of recreational cannabis. e plan for 1315 Minot Ave. is connected to a cannabis-growing operation Miller has in development across the street on a 10-acre lease on a side street called Mystique Way. Miller is building two greenhouses of 4,000 and 12,000 square feet, as well as an extraction facility. It's expected both greenhouses will be operational by mid-June. He holds a two-year lease with an option to buy, and plans to execute the purchase option in 2021. N O T E W O R T H Y C E N T R A L & W E S T E R N Bridging the Gap, a social services organization in Augusta, received a $20,000 grant from the Avangrid Foundation, the primary charitable arm of AVANGRID Inc., to fund a posi- tion to oversee the daily operation of its Addie's Attic Clothing Bank and Everyday Basic Essentials Hygiene Pantry. The Professional Logging Contractors of Maine in Augusta said it raised $51,866 for Children's Miracle Network Hospitals in Maine at its an- nual meeting. Northeast Bancorp, a full-service financial services company and par- ent of Northeast Bank in Lewiston, reported net income of $4.8 million, or 52 cents per diluted common share, for the quarter ended March 31, an increase of $896,000, or 22.8%, compared to net income of $3.9 mil- lion, or 43 cents per diluted common share, for the same quarter a year ago. Net income for the nine months ended March 31 was $14.5 million, or $1.58 per diluted common share, an increase of $2.7 million, or 22.5%, compared to $11.8 million, or $1.29 per diluted common share, for the same period a year ago. The bank's Working hard for success. Lobster fisherman, Eric Beal, has been working with Bar Harbor Bank & Trust since he purchased Marsh Cove Lobster Co. in 1992. As his business has grown and evolved, we've always been there for him. Eric has peace of mind knowing his banker is knowledgeable, local, and able to find a solution. To see this and other success stories, go to www.bhbt.com/success-stories. Call 207-669-6811 today to connect with our Commercial Banking team. We help businesses write their own success stories. Member FDIC Personal Banking · Business Banking · Wealth Management Over 50 locations in Maine, New Hampshire & Vermont " My banker, Krystal, has helped me be a better businessman." —Eric Beal Small town feel | Big city results We've been offering timely, efficient, and quality legal services since Portland was a small town. Our modest size assures personal attention by experienced, savvy attorneys, which leads to favorable outcomes in a timely and cost-effective manner. As the town grew, so did our expertise. Let our 148 years of smarts solve your next legal issue. Portland | Biddeford perkinsthompson.com Perkins | Thompson 20251422 Perkins Thompson_3/8.indd 1 3/7/19 9:28 AM

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