Teufel Nursery hits post-bankruptcy milestone
Teufel Nursery, a landmark Portland, Ore., garden center and landscaping business that filed for bankruptcy protection in 2009, has paid off a major creditor, according to an article in the Portland Business Journal.
The family owned company, now operated by its fourth generation, satisfied its debt to Textron Financial Corp., which called in a note in 2009. Teufel filed for Chapter 11, Textron sued, and Teufel countersued. Retailer and lender eventually negotiated a repayment plan for the $5.9 million debt.
The nursery, which has sold off property to help raise cash, exited court supervision on Feb. 1, 2010, with a repayment plan for its creditors, according to the article.
Although revenues are still down because of the economy, Teufel has diversified into new landscaping and environmental services such as installing green roofs, living walls, rain gardens and other facilities, particularly in the government and commercial sectors.
Filing for bankruptcy could
Filing for bankruptcy could be hard for many but it is a good solution if your business is getting near to end. In 1980, brand new rules for municipal bankruptcy were submitted. Since then, 243 specific cities have filed for the security. Harrisburg PA started filing for bankruptcy protection this week. In the courtroom, the mayor of Harrisburg has filed a demand that the bankruptcy be declared unlawful. The fight over the filing is sure to continue for at least a couple weeks. Article resource: Harrisburg Mayor says bankruptcy filing is not legal.
Scotts finds a new niche: Cannabis
Scotts Miracle-Gro, its sales hurting from the pullback in big-box expansion, is looking into new sources of revenues for its lawn and garden products. One of them, according to CEO Jim Hagedorn, is medical marijuana.
“I want to target the pot market,” Hagedorn told the Wall Street Journal in an interview published June 14. “There’s no good reason we haven’t.”
The growing of marijuana for medical use is legal in 16 states, the largest being California and Colorado. One estimate puts the market at $1.7 billion in sales, although the number could be much higher.
To target marijuana growers, Scotts would most likely buy existing companies rather than create its own line of branded products, according to the interview. Some pot cultivators are already using Scotts fertilizers and soils, while others resist mainstream brands.
Home Depot, Lowe’s and Wal-Mart account for nearly two-thirds of Miracle-Gro’s $2.9 billion in annual sales. Relations between the Marysville, Ohio, company and independent retailers have been strained over several issues, and Hagedorn said he would like to reestablish good ties with this retail channel.
Scotts may be surprised to find that marijuana consumers are not an easy niche to please. At a Southern California pot dispensary, a disgruntled customer was recently overheard complaining that his last purchase “tasted too much like fertilizer.” He added: “If that’s what you’re going to sell me, I’ll just take my business down the street.”
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Nowadays, our society has
Nowadays, our society has been facing huge problems. Different issues concerned with politics, health, rising unemployment rate. I have heard of news that a certain state has passed a very strict zoning regulations. In California, medical cannabis accounts for an estimated $1 billion of state taxes. The connection between towns and the medical weed business is an unsure one, however, and the San Jose city council has voted to seriously control medical cannabis within area limits. Source of article: San Jose city council votes to limit medical marijuana. Laws or regulations regarding drug use must be strictly imposed to prevent illegal use and abuse.
Weed & Feed ?
Weed & Feed ? Nah, Scotts wants to feed the weed.
Hmm, now let me see. Applying
Hmm, now let me see. Applying poisonous and toxic chemicals to something that people either smoke or consume. Or growing the plant in Scott's dead soils, just plain dumb. Scotts is a purveyor of pollutants that damage the environment. Gardening organically is less toxic to humans and the earth. They are probably the biggest seller of herbicides with atrazine in the U.S. and Atrazine is showing up in public water supplies nationally, all for the sake of a week free yard. What a joke.
It makes no sense for
It makes no sense for taxpayers to fund the federal marijuana prohibition when it *doesn't* prevent people from using marijuana and it *does* make criminals incredibly wealthy and incite them to murder thousands of people in Mexico every year. Prohibition fuels crime. We have to END it!
Golden Hammer Vendor winners: Outdoor Living
The Golden Hammer vendor awards are designed to recognize the best of the home improvement industry. This year’s awards were selected based on a record-number of Internet-based ballots and produced 32 winners spread across four major categories.
The Outdoor Living category is subdivided into eight categories. Here are those winners:
• Barbeque – Weber Stephens
• Decorative Landscaping – Pavestone
• Garden Accessories – Design House
• Lawn & Garden Organics and Chemicals – Scotts
• Lawn and Garden Tools & Irrigation – Ames True Temper
• Outdoor Furniture – Palmetto Furniture
• Outdoor Power Equipment – STIHL
• Pools Supplies – ARCH
The Golden Hammer Awards ceremony took place during the National Hardware Show in Las Vegas May 11.
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