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Light Up With The Legacy Series Presented by Pleasantrees

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Pleasantrees celebrates the history of cannabis with classic strains while giving back to the Redemption Foundation and those still incarcerated for Cannabis-related crimes.

MT CLEMENS, Mich., Aug. 7, 2024 /PRNewswire/ — The Legacy Series presented by Pleasantrees pays homage to the early days of cannabis and the memories and strains that surface when taking a look through the decades. This series is a nod to the days when buying weed meant searching high and low for a contact, picking up in less than pleasant locations, and when the purchase of a single gram could land you in significant legal trouble.

As we celebrate the nostalgic era surrounding some of our favorite strains, we also acknowledge the volatile and harmful effects of prohibition. Pleasantrees is honored to partner with The Redemption Foundation to create a catalyst for consumers to directly support justice-impacted individuals and their families with the Legacy Series.

For each product from Pleasantrees’ Legacy Series sold, $1 will be donated to The Redemption Foundation to directly support its Commissary Program, which helps reduce the financial strain on incarcerated individuals and their families.

Recognizing that the average hourly wage for prisoners is $0.14/hr, each purchase from the Legacy Series funds about 1 full day of wages and can be immensely impactful to those currently incarcerated. For the debut of the Legacy Series, Pleasantrees total commitment will give 1 week of wages to over 420 inmates.

“Our team has really embraced The Legacy Series,” said Jerome Crawford, Chief Legal Officer of Pleasantrees. “Not just because the classic genetics invoke nostalgia, but more so for the connection we’ve been able to foster and create with the Redemption Foundation’s Commissary Program, where we can help support some of the legacy folks that are unjustly locked up for their perceived cannabis crimes.”

Pleasantrees will be launching the series with three classics: Blue Dream, Chem D, and East Coast Sour Diesel. The strains are small-batch, grown with care, and intended to leave you reminiscing on those special times in your life.

“The Redemption Foundation is excited to partner with Pleasantrees through our Commissary Program. It is especially fitting and meaningful that their Legacy Series will be used to support federal cannabis prisoners across the country,” said Ryan Basore, President of Redemption Cannabis.  Providing funds for commissary allows inmates to make phone calls, send emails, and write letters to their loved ones. It also helps cover medical supplies, footwear, and even nutritious food. Most importantly, it lets them know they are not forgotten and that brighter days are ahead.”

The Legacy Series presented by Pleasantrees will be available to shop exclusively at one of Pleasantrees’ five retail locations beginning August 9th. Following its retail debut, The Legacy Series will be released to the Michigan wholesale market with select partners. 

About Pleasantrees:
Pleasantrees, a Michigan based Cannabis company, strives to not only grow the best quality cannabis but to also create “pleasant” experiences for customers and their communities. With the combination of top tier product and exemplary customer service and hospitality, Pleasantrees raises the standards of the cannabis industry and leads the Michigan market to new heights.

Redemption Foundation:
The Redemption Foundation is a nonprofit organization led by Ryan Basore, dedicated to promoting restorative justice and supporting individuals impacted by the criminal justice system. Our mission is to advocate and support those who have been criminalized for cannabis-related activities.

In December 2010, despite Ryan Basore’s efforts to comply with state and local law, his state-legal cannabis operations were raided by the DEA, State Police, and National Guard. In 2012, Ryan was charged with 13 federal counts related to the manufacture and distribution of marijuana and subsequently served a 4-year sentence at FCI Morgantown, West Virginia.

Upon his release, Ryan was inspired to dedicate his life to restorative justice, founding the Redemption Foundation to help others navigate the challenges of reentry and advocate for reform in the cannabis industry and criminal justice system. We focus on providing resources, education, and support to individuals and their families affected by these issues. Join us in our mission to create a more just and equitable society by supporting those who have been unjustly penalized and working towards meaningful reform.

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SOURCE Pleasantrees

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TriNetX’s Founding CEO Announces Plans to Step Down

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January 9, 2025

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After 11 Years, Gadi Lachman to Conclude Operating Role, Remain on TriNetX’s Board

CAMBRIDGE, Mass., Jan. 9, 2025 /PRNewswire/ — TriNetX, the largest global source of real-world data, today announced that Gadi Lachman, the Company’s Founder, President and CEO, will step down from his operating role on March 31, 2025. Gadi founded TriNetX in 2014 and has served as President and CEO in the succeeding 11 years. Gadi will continue to serve on TriNetX’s Board of Directors and will be an Advisor to Carlyle, TriNetX’s majority investor.

“It has been an honor to build TriNetX and be part of such an outstanding team. I want to thank TriNetX’s employees, customers, and shareholders for the support they have shown me. With the talent and passion of our people I am immensely confident in TriNetX’s continued success,” said Lachman. “Together, we have built the largest global platform for clinical research, with data from over 25 countries and tens of millions of queries a month. Our solutions are moving clinical research to a whole different level and saving lives on a massive scale, across all therapeutic areas.”

During the transition period, Jeff Margolis, a current TriNetX Director, will serve as Executive Chairman to ensure continuity in leadership and governance while a CEO search is conducted.

Margolis said, “I have had the distinct privilege of serving on the Board alongside Gadi and partnering with him for 11 years. On behalf of the Board, we thank Gadi for shaping and leading TriNetX to become the world’s top ecosystem of real-world data and real-world evidence serving life sciences and the broader healthcare industry. I look forward to working with him and the rest of the Board over the next months to execute a successful transition of leadership.”

Joe Bress, Partner and Global Co-Head of Healthcare for Carlyle, TriNetX’s lead investor, added, “We have been thrilled to partner with Gadi since our initial investment in TriNetX over four years ago. Thanks to his disciplined leadership, TriNetX is one of the few companies that has sustained profitability even during periods of high growth. Gadi has built the company up to an exciting point, paving the way for a new leader to take the business into its next chapter of growth and success.”

Through this leadership transition, TriNetX remains steadfast in its mission to advance global healthcare through the power of real-world data. The Board, leadership team, and employees are united in their commitment to driving continued innovation and delivering success for customers and partners, all while building on Gadi’s exceptional legacy.

About TriNetX, LLC

TriNetX is a global network of healthcare organizations and life sciences companies dedicated to advancing real-world research and expediting the development of new therapies. Through its self-service, HIPAA-, GDPR-, and LGPD-compliant platform of federated deidentified and anonymous electronic health record datasets and consulting partnerships, TriNetX empowers its global community to improve clinical trial protocol design, streamline trial operations, refine safety signals, and enrich real-world evidence generation. For more information, please visit TriNetX at www.trinetx.com or follow TriNetX on LinkedIn.

Media Contact
TriNetX
Michelle Fleming, Chief Marketing Officer
Email: Michelle.Fleming@TriNetX.com

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Stellus Private Credit BDC Announces $0.36 First Quarter 2025 Regular Dividend, Payable Monthly in Increments of $0.12 in January, February, and March 2025

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January 9, 2025

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HOUSTON, Jan. 9, 2025 /PRNewswire/ — Stellus Private Credit BDC (“the Company”) announced that its Board of Trustees has declared a monthly dividend of $0.12 for each of January, February, and March, totaling $0.36 per share in the aggregate for the first quarter of 2025. The regular dividend of $0.36 per share will be paid to shareholders of record in January, February, and March 2025.

Summary of First Quarter 2025 Regular Monthly Dividends

Declared

Record Date

Payment Date

Amount per Share

1/9/2025

1/10/2025

1/31/2025

$0.12

1/9/2025

2/3/2025

2/28/2025

$0.12

1/9/2025

3/3/2025

3/31/2025

$0.12

About Stellus Private Credit BDC

The Company is an externally-managed, closed-end, non-diversified investment management company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing primarily in private middle-market companies (typically those with $5.0 million to $50.0 million of EBITDA (earnings before interest, taxes, depreciation and amortization)) through first lien (including unitranche) loans, second lien loans and unsecured debt financing, with corresponding equity co-investments. The Company’s investment activities are managed by its investment adviser, Stellus Private BDC Advisor, LLC.

Forward-Looking Statements

Statements included herein may contain “forward-looking statements” which relate to future performance or financial condition. Statements other than statements of historical facts included in this press release, including statements about COVID-19 and its impacts, may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of assumptions, risks and uncertainties, which change over time. Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors, including those described from time to time in filings by the Company with the Securities and Exchange Commission including the final prospectus that will be filed with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

Contacts
Stellus Private Credit BDC
W. Todd Huskinson, Chief Financial Officer
(713) 292-5414
thuskinson@stelluscapital.com

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SOURCE Stellus Private Credit BDC

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MongoDB, Inc. to Present at the 27th Annual Needham Growth Conference

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20 minutes ago

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January 9, 2025

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NEW YORK, Jan. 9, 2025 /PRNewswire/ — MongoDB, Inc. (NASDAQ: MDB) today announced that Chief Operating Officer and Chief Financial Officer, Michael Gordon, and Senior Vice President of Finance, Serge Tanjga, will present virtually at the 27th Annual Needham Growth Conference.

The MongoDB presentation is scheduled for Thursday, January 16, 2025, at 3:45 p.m. Eastern Time. A live webcast of the presentation will be available on the Events page of the MongoDB investor relations website at https://investors.mongodb.com/news-events/events. A replay of the webcast will also be available for a limited time.

About MongoDB
Headquartered in New York, MongoDB’s mission is to empower innovators to create, transform, and disrupt industries by unleashing the power of software and data. Built by developers, for developers, MongoDB’s developer data platform is a database with an integrated set of related services that allow development teams to address the growing requirements for today’s wide variety of modern applications, all in a unified and consistent user experience. MongoDB has tens of thousands of customers in over 100 countries. The MongoDB database platform has been downloaded hundreds of millions of times since 2007, and there have been millions of builders trained through MongoDB University courses. To learn more, visit mongodb.com.

Investor Relations
Brian Denyeau
ICR for MongoDB
646-277-1251
ir@mongodb.com

Media Relations
MongoDB PR
press@mongodb.com

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SOURCE MongoDB, Inc.

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