AUBURN (AP) — A Canadian company has ditched plans to buy a marijuana-growing facility in Auburn, Maine. The Bangor Daily News reports that Vancouver-based C21 investments pulled the plug on the deal because of rules imposed by the Maine Legislature. But the newspaper said the property’s owner, Kevin Dean, is also linked to a federal […]
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Posted inBusiness, sj-web
Electricity Maine founders’ ‘business divorce’ gets ugly
After more than 30 years in business together founding Auburn companies including Electricity Maine and Provider Financial, buying the Bates of Maine textile mill and funding a section of the Auburn Public Library, Emile Clavet and Kevin Dean have apparently decided the gloves are off. The high-stakes fight between the two former Auburn residents includes […]
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From paper to pot? Former Cascades Auburn Fiber sold
AUBURN — The former Cascades Auburn Fiber sold in February for $2 million, $7 million below its assessed value, according to city records. The new owner, BlueWaterTX1031, is a Texas company created by an Auburn businessman last month. When broker Kevin Fletcher talked about the 120,000-square-foot recycled paper processing plant at the annual Maine Real […]
Posted inBusiness
Electricity Maine makes Inc. Magazine fastest-growing list
AUBURN — With growth of more than 7,000 percent in the past three years, Provider Power, the parent company of Electricity Maine, was named no. 33 on the list of the 5,000 fastest-growing companies in America by Inc. Magazine on Tuesday. “I’ve been reading that magazine for over a decade; I always thought it would […]