8 things to know: Jim Belushi teams up with Maryland cannabis grower - Baltimore Business Journal
A Mount Vernon restaurant will return after a 4-year absence, a flooring retailer prepares to open an 80,000-square-foot facility in Glen Burnie and more in today's newsletter. Tupperware is facing financial uncertainty after its financial filings with the SEC cast significant doubt on its future. The company, which has 13,500 employees, recorded $1.3 billion in revenue and a $14.2 million loss in 2022. Meanwhile, Hollywood actor and comedian Jim Belushi is partnering with Maryland cannabis grower SunMed Growers to launch a cannabis partnership. The partnership will include flower and pre-rolled products, and collaborate with SunMed on Blues Brother's brand, which Belushi calls "the working man's cannabis". After the Key Bridge collapsed, Tradepoint Atlantic has stepped in to take cargo bound for the blocked Port of Baltimore. The winning work of Preakness Stakes art has been announced. A Turkish restaurant known for its belly dancing shows will reopen in Baltimore after a nearly four-year closure. The Arc Central Chesapeake Region has received a $1 million grant for its new headquarters and community space.
Published : 4 weeks ago by Joe Ilardi in Business Health
We begin today with bad, bad news: Tupperware is worse for the 'ware' after a string of difficult years. Our sister publication, the Orlando Business Journal, reports that the company's latest filings with the SEC cast significant doubt on its financial future.
Tupperware has 13,500 employees, per the Orlando Business Journal. It recorded $1.3 billion in revenue and a $14.2 million loss in 2022, the most recent data available.
BBJ staff will now be accepting recommendations for good reusable container brands to prepare for the worst.
Now for the news.
SunMed Growers will be out and about this week with Hollywood actor and comedian Jim Belushi as the two launch a cannabis partnership. Belushi’s brand, called Belushi’s Farm, will offer flower and pre-rolled products in addition to collaborating with SunMed on Blues Brother’s brand, which Belushi calls “the working man’s cannabis,” according to a press release. SunMed and Belushi will be travelling around Maryland Wednesday and Thursday promoting the partnership, meeting with dispensary employees and fans.
After the Key Bridge collapsed, Tradepoint Atlantic stepped in to take cargo bound for the blocked Port of Baltimore. The massive logistics center announced in an update yesterday that over the next fifteen days, six regularly scheduled ships and nine redirected ones will arrive at Tradepoint's marine terminal. The ships are carrying 10,000 cars which will be unloaded and processed by members of the International Longshoremen's Association Local 333, whose jobs are uncertain for as long as the port remains closed. Tradepoint has also cleared five acres of space to hold debris and wreckage pulled out of the Patapsco as the cleanup continues. In other supply chain news news, rail line CSX has added an alternate route to avoid the Port of Baltimore, CNBC reports.
Flooring retailer to open new location in Glen Burnie
Atlanta-based Floor & Decor is opening its second Baltimore warehouse and store this week. The facility at 75 Dover Rd. NE in Glen Burnie will open Thursday with a ribbon cutting ceremony hosted with the Northern Anne Arundel County Chamber of Commerce. The warehouse is 80,000 square feet and will support 50 jobs, according to a press release from the retailer. The company also has a 1.5 million-square-foot distribution center at Tradepoint Atlantic and added a second facility at Tradepoint last year.
This year’s winning work of Preakness Stakes art has been announced. Artist Leo Kahn’s watercolor painting, “First Turn,” was crowned the best racing-related submission by 1/ST Racing (the Preakness operator), MICA and the Maryland Jockey Club. Kahl gets a $4,000 prize and two tickets to Preakness 149 on May 18. His art will be used in merchandise during Preakness weekend, with proceeds going to Park Heights Renaissance. This year’s festivities will be the last before the state takes over horse racing in Maryland. See Kahn’s design:
A Turkish restaurant known for its belly dancing shows will reopen in Baltimore after a nearly four-year closure, our Morgan Simpson reports. Cazbar at 316 N. Charles St. in Mt. Vernon plans to reopen by May with an expanded menu and more dessert offerings, owner Haluk Kantar said. Read more about the long-awaited comeback.
A Baltimore educational company recently opened a 4,000-square-foot manufacturing facility in Medfield, the latest pivot for the company after nearly shutting down during the pandemic. FutureMakers is using the facility at Union Collective to build teaching materials for school districts across the country, our Matt Hooke reports. Read on for more on how the company found a new niche.
Why national energy firms have joined forces to fight this Md. bill
Baltimore-based Constellation Energy and Houston-based NRG have raised concerns about a consumer protection bill that would increase regulations around how companies sell energy to individual households throughout the state, our Garrett Dvorkin reports. The legislation would cap how much companies could charge customers, limit contract lengths and put an end to what the state has deemed predatory practices in the industry. Here's why the companies say that's an issue.
The Arc receives $1M grant for new headquarters, community space
The Arc Central Chesapeake Region has received a $1 million capital grant to put toward its new Easton headquarters and community space. The grant from the Harry and Jeanette Weinberg Foundation brings The Arc’s capital campaign to $6.1 million for Port Street Commons, which will serve as its new Eastern Shore HQ, include affordable housing units for people with intellectual and developmental disabilities and have space for counseling services. The Arc broke ground on Port Street Commons in 2023 and expects to be done later this year, according to the grant announcement.
Topics: Social Issues, Cannabis