Springfield, Oregon--(Newsfile Corp. - November 2, 2022) - Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFF) (FSE: 3K7A) ("Silo Wellness" or the "Company"), Oregon's only publicly traded psychedelics company, announces that the Jackson County Planning Commission has proposed to amend the Jackson County Development Ordinance "to add Psilocybin Time, Place, and Manner Restrictions" (TPM) in the event that the BM 109 opt-out vote is unsuccessful next week.
The proposed text of JCLDO 3.14.4 states that "all Psilocybin Service Centers are limited to General Commercial zoning districts." The full text can be found here . "A quick review of the Jackson County zoning map shows that the only unincorporated properties that would be available for psilocybin service centers are within the urban growth boundary abutting city limits or near I-5," stated Silo Wellness CEO Mike Arnold, an Oregon trial lawyer. "Jackson County is effectively attempting to outlaw psychedelic nature retreats without a public vote." Silo Wellness recently announced a letter of intent regarding a potential joint venture with 960-acre New Frontier Ranch, which could potentially be the largest psilocybin retreat center, allowing for psilocybin nature tourism in the Cascade Mountains southeast of Medford.
This agreement is contingent upon the lack of a county prohibition.
The New Frontier property is like virtually all other rural Jackson County properties in that it does not have General Commercial zoning.
However, it does have certain grandfather rights permitting some commercial uses pursuant to prior court judgments, allowing pursuit of remedies from the county directly or from the courts through litigation. "If Jackson County adopts these TPM restrictions, we will attempt to negotiate with the county this commercial use or potentially litigate if it's deemed necessary and cost-effective," Arnold said.
Nonetheless, the Company continues to visit and review other potential properties around the state as it awaits final adoption of local rules.
The public hearing is set for tomorrow.
More information can be found here .
ABOUT SILO WELLNESS Silo Wellness is a growth-oriented holding company focused on psychedelic opportunities that benefit from a unified ecosystem and exceptional leadership.
Founded in 2018 in Oregon and headquartered in Toronto, Silo Wellness has a presence in both Jamaica and Oregon.
Silo Wellness is a publicly traded on the Canadian (CSE: SILO) and Frankfurt (FSE: 3K7A) exchanges and listed on the OTCQB Venture Market (OTCQB: SILFF).
For more information about Silo Wellness or to book a Jamaican psychedelic retreat, please visit www.silowellness.com .
For more information about Silo's recent acquisition, Dyscovry Science, visit www.Dyscovry.com .
Silo Wellness Company Contact: Mike Arnold, President 541-900-5871 IR at silo wellness dot com CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION: This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation.
All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates, and projections as at the date of this news release.
Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
Forward-looking information may relate to anticipated events or results including, but not limited to the ability of the Company to finalize definitive documents and close on the potential retreat center property partnership; the Company's ability to satisfy the Oregon licensing requirements and achieve a license in Oregon; the Company's ability to successful launch an Oregon operation, including hiring of qualified staff and getting access to mushrooms to sustain operations; and the Company's ability to fund operations as well as the company's pre-existing capital requirements.
Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements.
Such factors include, but are not limited to: general business, economic, competitive, regulatory, political and social uncertainties and the potential impact of COVID-19.
Such risks and uncertainties include, among others, the risk factors included in Silo Wellness's continuous disclosure documents available on www.sedar.com .
There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Readers should not place undue reliance on the forward-looking statements and information contained in this news release.
Silo Wellness assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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It turns out Amazon (NASDAQ: AMZN) is mortal.
After years of breakneck growth, shares of the e-commerce stock plunged Friday after the company called for fourth-quarter revenue to grow just 2% to 8%, slower than the pace of inflation.
Currency-exchange headwinds accounted for 460 basis points of the expected slowdown, but the forecast still shows the company struggling to grow in a difficult economic environment. (Bloomberg) -- Wall Street had already come to terms with prospects that the Fed would again raise interest rates by 75 basis points.
But Wednesday afternoon was full of drama as traders first took hope from the central bank’s statement but then slumped following stern comments by Chair Jerome Powell.
Most Read from BloombergPowell Sees Higher Peak for Rates, Path to Slow Tempo of HikesMusk Plans to Eliminate Half of Twitter Jobs to Cut CostsLottery Winner Keeps Million Jackpot Secret From W Lincoln National (LNC) delivered earnings and revenue surprises of -630.05% and 5.85%, respectively, for the quarter ended September 2022.
Do the numbers hold clues to what lies ahead for the stock?
Springfield, Oregon--(Newsfile Corp. - November 2, 2022) - Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFF) (FSE: 3K7A) ("Silo Wellness" or the "Company"), Oregon's only publicly traded psychedelics company, announces that the Jackson County Planning Commission has proposed to amend the Jackson County Development Ordinance "to add Psilocybin Time, Place, and Manner Restrictions" (TPM) in the event that the BM 109 opt-out vote is unsuccessful next week.
The proposed text of JCLDO 3.14.4 states that "all Psilocybin Service Centers are limited to General Commercial zoning districts." The full text can be found here . "A quick review of the Jackson County zoning map shows that the only unincorporated properties that would be available for psilocybin service centers are within the urban growth boundary abutting city limits or near I-5," stated Silo Wellness CEO Mike Arnold, an Oregon trial lawyer. "Jackson County is effectively attempting to outlaw psychedelic nature retreats without a public vote." Silo Wellness recently announced a letter of intent regarding a potential joint venture with 960-acre New Frontier Ranch, which could potentially be the largest psilocybin retreat center, allowing for psilocybin nature tourism in the Cascade Mountains southeast of Medford.
This agreement is contingent upon the lack of a county prohibition.
The New Frontier property is like virtually all other rural Jackson County properties in that it does not have General Commercial zoning.
However, it does have certain grandfather rights permitting some commercial uses pursuant to prior court judgments, allowing pursuit of remedies from the county directly or from the courts through litigation. "If Jackson County adopts these TPM restrictions, we will attempt to negotiate with the county this commercial use or potentially litigate if it's deemed necessary and cost-effective," Arnold said.
Nonetheless, the Company continues to visit and review other potential properties around the state as it awaits final adoption of local rules.
The public hearing is set for tomorrow.
More information can be found here .
ABOUT SILO WELLNESS Silo Wellness is a growth-oriented holding company focused on psychedelic opportunities that benefit from a unified ecosystem and exceptional leadership.
Founded in 2018 in Oregon and headquartered in Toronto, Silo Wellness has a presence in both Jamaica and Oregon.
Silo Wellness is a publicly traded on the Canadian (CSE: SILO) and Frankfurt (FSE: 3K7A) exchanges and listed on the OTCQB Venture Market (OTCQB: SILFF).
For more information about Silo Wellness or to book a Jamaican psychedelic retreat, please visit www.silowellness.com .
For more information about Silo's recent acquisition, Dyscovry Science, visit www.Dyscovry.com .
Silo Wellness Company Contact: Mike Arnold, President 541-900-5871 IR at silo wellness dot com CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION: This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation.
All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates, and projections as at the date of this news release.
Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
Forward-looking information may relate to anticipated events or results including, but not limited to the ability of the Company to finalize definitive documents and close on the potential retreat center property partnership; the Company's ability to satisfy the Oregon licensing requirements and achieve a license in Oregon; the Company's ability to successful launch an Oregon operation, including hiring of qualified staff and getting access to mushrooms to sustain operations; and the Company's ability to fund operations as well as the company's pre-existing capital requirements.
Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements.
Such factors include, but are not limited to: general business, economic, competitive, regulatory, political and social uncertainties and the potential impact of COVID-19.
Such risks and uncertainties include, among others, the risk factors included in Silo Wellness's continuous disclosure documents available on www.sedar.com .
There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Readers should not place undue reliance on the forward-looking statements and information contained in this news release.
Silo Wellness assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/142846 Related Quotes Shares of Devon Energy (NYSE: DVN) fell more than 12% on Wednesday after the exploration and production leader increased its capital expenditures forecast.
Devon produced an average of 614,000 barrels of oil equivalent (BOE) per day in the third quarter.
The energy company's low production costs, which averaged $12.99 per BOE during the quarter, allow it to earn massive profits when oil and gas prices are high.
The president of macroeconomic research firm Lamoureux & Co., Yves Lamoureux, sees up years in the medium to long-term for stocks, even if Powell threw a "short-term wrench in the engine." The China-based electric vehicle company offers a unique customer value proposition compared to other EV companies.
Unsurprisingly, Nio (NYSE: NIO) stock is capturing the curiosity of stock market investors asking if the stock is a buy right now.
Midstream-giant Energy Transfer (NYSE: ET) is having an excellent year.
The master limited partnership (MLP) recently released its third-quarter results, delivering 20% earnings and cash flow growth.
It turns out Amazon (NASDAQ: AMZN) is mortal.
After years of breakneck growth, shares of the e-commerce stock plunged Friday after the company called for fourth-quarter revenue to grow just 2% to 8%, slower than the pace of inflation.
Currency-exchange headwinds accounted for 460 basis points of the expected slowdown, but the forecast still shows the company struggling to grow in a difficult economic environment. (Bloomberg) -- Wall Street had already come to terms with prospects that the Fed would again raise interest rates by 75 basis points.
But Wednesday afternoon was full of drama as traders first took hope from the central bank’s statement but then slumped following stern comments by Chair Jerome Powell.
Most Read from BloombergPowell Sees Higher Peak for Rates, Path to Slow Tempo of HikesMusk Plans to Eliminate Half of Twitter Jobs to Cut CostsLottery Winner Keeps $30 Million Jackpot Secret From W Lincoln National (LNC) delivered earnings and revenue surprises of -630.05% and 5.85%, respectively, for the quarter ended September 2022.
Do the numbers hold clues to what lies ahead for the stock? $2.6 billion in adjusted operating earnings beat analyst expectations A broad cross section of the stock market tumbled on Wednesday, as investors focused on the macro economy and the Federal Reserve Bank's ongoing campaign to battle runaway inflation, which has remained stubbornly near 40-year highs.
The latest Fed rate hike and the corresponding commentary did little to calm jittery investors.
With that as a backdrop, shares of Salesforce (NYSE: CRM) slipped 6.1%, Snowflake (NYSE: SNOW) stock was down 7.4%, and CrowdStrike (NASDAQ: CRWD) slipped as much as 7.8%.
Wednesday is set to be a big day for market watchers, with the Fed expected to announce another interest rate hike, a move that will no doubt impact the stock market’s behavior.
Rate hikes have been de rigueur in 2022 and this will be the fourth instance of such an act.
The effort to curb soaring inflation has rocked the markets but heading into the Fed’s decision, Jim Cramer, the well-known host of CNBC’s ‘Mad Money’ program, thinks there could be more turbulence ahead.
Or as Cramer puts it, “W Albemarle (ALB) delivered earnings and revenue surprises of 9.65% and 1.23%, respectively, for the quarter ended September 2022.
Do the numbers hold clues to what lies ahead for the stock?
Hike will push up mortgage bills for millions of people in the coming months.
With the Federal Reserve holding its November FOMC meeting now, there’s plenty of speculation on the central bank’s next move.
The conventional wisdom says the Fed will hike rates again, by another 75 basis points , the fourth such hike in a row this year.
But after that, no one knows.
Inflation remains above 8%, so the Fed’s tighter monetary policies have clearly not reined in high prices , yet.
According to Fundstrat, however, the Fed has moved far enough in that direction, and we’ll start to DraftKings' (DKNG) third-quarter 2022 performance is likely to have benefited from the robust demand for mobile sports betting and expansion efforts in new states.
Transocean (RIG) delivered earnings and revenue surprises of 60% and 7.50%, respectively, for the quarter ended September 2022.
Do the numbers hold clues to what lies ahead for the stock?
If a recession does come, it won't be the first that these two companies will have survived one.
Jay Powell grapples with how the Fed got inflation so wrong and lands on the MarketWatch 50 list of the most influential people in markets.
Luminar Technologies, Inc. (LAZR) delivered earnings and revenue surprises of 14.29% and 39.73%, respectively, for the quarter ended September 2022.
Do the numbers hold clues to what lies ahead for the stock?
Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), the parent company of Google, YouTube, and Google Cloud, was no exception, with share prices down over 13% in the last few trading days.
Investors are worried about slowing growth at YouTube and expenses rising faster than revenue, among other issues.
While there is clearly some short-term pressure on Alphabet's earnings, the business is still in a great spot right now.
Tandem Diabetes Care, Inc. (TNDM) delivered earnings and revenue surprises of -800% and 0.65%, respectively, for the quarter ended September 2022.
Do the numbers hold clues to what lies ahead for the stock? source .6 billion in adjusted operating earnings beat analyst expectations A broad cross section of the stock market tumbled on Wednesday, as investors focused on the macro economy and the Federal Reserve Bank's ongoing campaign to battle runaway inflation, which has remained stubbornly near 40-year highs.
The latest Fed rate hike and the corresponding commentary did little to calm jittery investors.
With that as a backdrop, shares of Salesforce (NYSE: CRM) slipped 6.1%, Snowflake (NYSE: SNOW) stock was down 7.4%, and CrowdStrike (NASDAQ: CRWD) slipped as much as 7.8%.
Wednesday is set to be a big day for market watchers, with the Fed expected to announce another interest rate hike, a move that will no doubt impact the stock market’s behavior.
Rate hikes have been de rigueur in 2022 and this will be the fourth instance of such an act.
The effort to curb soaring inflation has rocked the markets but heading into the Fed’s decision, Jim Cramer, the well-known host of CNBC’s ‘Mad Money’ program, thinks there could be more turbulence ahead.
Or as Cramer puts it, “W Albemarle (ALB) delivered earnings and revenue surprises of 9.65% and 1.23%, respectively, for the quarter ended September 2022.
Do the numbers hold clues to what lies ahead for the stock?
Hike will push up mortgage bills for millions of people in the coming months.
With the Federal Reserve holding its November FOMC meeting now, there’s plenty of speculation on the central bank’s next move.
The conventional wisdom says the Fed will hike rates again, by another 75 basis points , the fourth such hike in a row this year.
But after that, no one knows.
Inflation remains above 8%, so the Fed’s tighter monetary policies have clearly not reined in high prices , yet.
According to Fundstrat, however, the Fed has moved far enough in that direction, and we’ll start to DraftKings' (DKNG) third-quarter 2022 performance is likely to have benefited from the robust demand for mobile sports betting and expansion efforts in new states.
Transocean (RIG) delivered earnings and revenue surprises of 60% and 7.50%, respectively, for the quarter ended September 2022.
Do the numbers hold clues to what lies ahead for the stock?
If a recession does come, it won't be the first that these two companies will have survived one.
Jay Powell grapples with how the Fed got inflation so wrong and lands on the MarketWatch 50 list of the most influential people in markets.
Luminar Technologies, Inc. (LAZR) delivered earnings and revenue surprises of 14.29% and 39.73%, respectively, for the quarter ended September 2022.
Do the numbers hold clues to what lies ahead for the stock?
Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), the parent company of Google, YouTube, and Google Cloud, was no exception, with share prices down over 13% in the last few trading days.
Investors are worried about slowing growth at YouTube and expenses rising faster than revenue, among other issues.
While there is clearly some short-term pressure on Alphabet's earnings, the business is still in a great spot right now.
Tandem Diabetes Care, Inc. (TNDM) delivered earnings and revenue surprises of -800% and 0.65%, respectively, for the quarter ended September 2022.
Do the numbers hold clues to what lies ahead for the stock? source