Crain's Detroit Business

Skymint, undergoing acquisition out of receivership, is slated to close its Harvest Park facility near Lansing, Michigan. The 56,000-square-foot plant will cease operations following the termination of approximately 180 employees by March 1, 2024. This information was revealed in an...

SpartanNash Co (NASDAQ: SPTN) shareholders rejected board nominations from activist investors on Thursday morning, according to a report from Crain’s Detroit Business. The activist investors, Macellum Advisors and Ancora Holdings Group, wanted to replace three SpartanNash board members....

The U.S. National Credit Union Administration issued a cease-and-desist order in February to Live Life Federal Credit Union because it didn’t fulfill the required reporting policies in relation to its cannabis-related accounts, according to Crain's Detroit Business.  Credit unions...

The financial services industry needs to address the 1.6 billion people without stable access to the sector, Basil Moftah, general partner at Global Ventures, said Tuesday at the Benzinga Global Fintech Awards.  “How do you bring them into the digital world with all the benefits...

Detroit-based Rocket Companies (NYSE: RKT) announced the winners of its fourth annual entrepreneurship competition — Detroit Demo Day — in partnership with Crain's Detroit Business on Tuesday. Paralee Boyd, a streamlined salon, is the competition’s overall...

Trucking mogul Manuel Moroun, the billionaire owner of the Ambassador Bridge, has died at the age of 93, Crain's Detroit Business reported on Monday. Moroun purchased the Ambassador Bridge in 1979. The bridge, linking Detroit and Windsor, Ontario, is the only privately owned border crossing...

New Standard just moved in down the street, and it’s trying to be a good neighbor. The provisioning center opened a new Hazel Park, Michigan site on Friday to become suburban Oakland County’s fourth adult-use retailer. It plans to donate a portion of its near-term profits to local...

At first, the coronavirus outbreak seemed to help Michigan’s fledgling cannabis industry. The spread of the virus and government restrictions inspired stockpiling. Pot sales surged across the state, leading to some of the busiest days shops have seen since opening. Profits peaked just...

Sun Communities Inc (NYSE: SUI) stock is up a little over 10% since the first of the year, nearly back to where it was before a December drop that marred a year-long steady increase in the share price of the manufactured housing and RV community developer. The stock price rise — while...

Three Ann Arbor cannabis joints — just a few of the six Michigan retailers licensed to distribute recreational pot on Dec. 1 — raked in $221,000 in post-tax sales Sunday on the state’s first day of legal adult-use transactions. The state made another $22,100 on a 10% excise tax...

The owner of a Michigan "beer exchange," where the prices of the brews move up and down based on demand like stock prices, says he's planning a second location in Detroit. The Kalamazoo Beer Exchange opened in 2010 and features beer prices that change by the minute, with pricing...

In 2009, in the midst of the global financial crisis, after Daimler washed its hands of the bankrupt Chrysler and pulled out of the DaimlerChrysler joint venture — and as Cerberus was desperately trying to peddle its struggling asset — Fiat’s fearless leader stepped...

Wisconsin won’t break even on the huge incentives it’s offering Taiwan’s Foxconn to build a new plant in the state until 2042, a study concludes, and local media report that the proposal now may not even have enough votes to pass the legislature. President Donald Trump had...

Apple Inc. (NASDAQ: AAPL) supplier Foxconn Technology Group has a multibillion-dollar autonomous vehicle research-and-development facility development planned for Michigan, according to the South China Morning Post. The announcement follows Foxconn’s July announcement of a $10 billion LCD...