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Cannabist Co. strikes $130M deal for Virginia medical marijuana biz
The Cannabist Co. has scrapped a $110 million deal to sell its Central Virginia medical marijuana business to a subsidiary of Curaleaf,
Virginia casinos post $82.45M in November revenues
November gaming revenues at Virginia’s three permanent casinos and Norfolk’s new temporary casino totaled $82.45 million, according to Virginia Lottery data released Dec. 15. Norfolk’s temporary Interim Gaming Hall, which opened Nov. 7, reported adjusted gaming revenue (wagers minus winnings) of $1.42 million d[...]
Hooker Furnishings closes $6.1M sale of two brands
Hooker Furnishings has sold its Pulaski Furniture and Samuel Lawrence Furniture brands to Magnussen Home Furnishings for approximately $6.1 million.
Chesterfield Towne Center sells to New York, Swiss companies
Chesterfield Towne Center, the largest enclosed mall in the Richmond area, was sold on Dec. 12 to JRE Partners and Anastacia AG for an undisclosed amount.
Altria CEO Billy Gifford to retire in 2026
Altria Group announced Thursday that its CEO, Billy Gifford, has decided to retire, effective May 14, 2026.
Gainesville automation company acquired by Naviant
Naviant announced last week that it has acquired Versivo, a Gainesville-based business process automation provider.
Manufacturer to invest $4.9M in Franklin County expansion
Cornerstone Building Brands will invest $4.9M to expand its Franklin County manufacturing campus, adding 50 jobs and boosting capacity.
Electra launches defense business unit
Manassas-based aviation startup Electra.aero on Wednesday announced that it has launched a new defense business unit.
HII investing $28M for Hampton manufacturing facility
Newport News-based Fortune 500 contractor Huntington Ingalls Industries is investing $28 million to create an aircraft carrier and submarine manufacturing plant in Hampton, the city's mayor said Wednesday.
Curaleaf agrees to buy Central Virginia medical marijuana operation for $110M
The Cannabist Co. entered into an agreement to sell all ownership interests of its Virginia subsidiary for $110 million to a Curaleaf Holdings company.
Sterling drone startup joins unicorn ranks
Heven AeroTech, a Sterling-based developer of hydrogen-powered UAS, has reached unicorn status with a $100 million Series B funding raise.
Hooker Furnishings to sell two brands for $4.8M
Martinsville-based Hooker Furnishings is selling two case goods brands to Magnussen Home Furnishings for approximately $4.8 million.
