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Report: Walgreens targeting downtown Minneapolis with a flagship location

BY Michael Johnsen

MINNEAPOLIS — Walgreens may be opening a flagship location in downtown Minneapolis in 2015, according to a report in the Minneapolis/St. Paul Business Journal reported Thursday. The location is at the Nicollet Mall location where Saks Off 5th is today, the Journal stated, citing several sources who declined to be named to protect client relationships. 

Saks Off 5th told the Journal that it will close the downtown location when its lease expires in January 2015. 

According to the report, Walgreens fields 164 stores in Minnesota. Walgreens currently operates 13 flagship stores, with a 14th slated to open this summer in Chicago’s Wrigley Building. 

 

 

 

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GelStat acquires Mastix Medica

BY Michael Johnsen

PALM CITY, Fla. – GelStat Corp. on Thursday announced it signed a definitive agreement to acquire Mastix Medica. The final closing of the acquisition is expected to take place on or before July 7. 

The acquisition is is expected to add more than $500,000 in revenue in the third quarter ending Sept. 30, 2014, GelStat reported. 

"The acquisition of Mastix Medica adds another dimension to GelStat that complements our present experience in product innovation and marketing," stated Larry Gershman, GelStat chairman and CEO. "The vertical integration also enhances our profitability of recently introduced dietary supplement Chews 2 Lose appetite suppressant gum. More importantly, the acquisition brings to GelStat a key asset and foothold in the explosive high CBD/low THC industrial hemp and medical marijuana market. We are also excited to be adding Bob Estey to our management team as he brings a wealth of financial management experience as well as manufacturing capabilities to the GelStat team."

 

 

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Stanley Cup prediction: Rangers in 6

BY DSN STAFF

Lifetime New Yorker and DSN editor in chief Rob Eder took his second Mark Messier sighting in two days during the Stanley Cup finals as a positive omen: "Rangers in 6," says DSN’s supreme content creator. Eder spotted the former New York Rangers Captain at the corner of 57th Street and Lexington Avenue, Thursday afternoon, as he went for lunch. Two days earlier, on Tuesday evening, Eder spotted Messier at the corner of 55th Street and Park Avenue. This means one of two things: its a sign from the hockey gods, or Messier is stalking Eder.

What do you think? Tell DSN your Stanley Cup prediction in the comment section below or email reder@lf.com.

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