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Forty applicants vying for Shenandoah medical marijuana license
Forty complete applications were received for conditional permits to operate as the state’s sole licensed pharmaceutical processor of medical cannabis for a region including the Shenandoah Valley, as well as the cities of Charlottesville and Fredericksburg and the counties of Spotsylvania and Stafford, according to the Vir[...]
Sterling drone-jamming firm to be acquired by Taser maker Axon
Dedrone, a Sterling-based maker of drone-jamming and detection devices, has reached an agreement to be acquired by Scottsdale, Arizona-based Taser manufacturer Axon Enterprise. The transaction is expected to close in the second half of 2024, the companies announced Monday, and terms of the deal were not disclosed. Dedrone’[...]
Burke & Herbert completes merger
Alexandria-based Burke & Herbert Financial Services has completed a merger with West Virginia’s Summit Financial Group, the company announced May 3. The $371.5 million deal, first announced in August 2024, created a bank holding company with more than $8 billion in assets. The combined company will have more than 75 bran[...]
Leidos wins $631M Army contract
Leidos has received a $631 million U.S. Army contract for life-cycle support of aerial sensors, the Reston-based Fortune 500 contractor announced Tuesday. Under the Development, Integration, Acquisitions, Bridging to Logistics and Operations (DIABLO) contract, the company will provide equipment for the next 10 years. Leidos will[...]
Virginia Business wins 16 Va. Press Association awards
Virginia Business won 16 awards in the Virginia Press Association’s 2023 News & Advertising Contest, the state organization announced Saturday. The annual contest recognizes excellence in design, writing, photography, illustrations and advertising in participating publications across Virginia for the previous calendar year[...]
Leidos receives potential $206M NGA contract
Leidos has won a contract valued up to $206 million from the National Geospatial-Intelligence Agency, the Reston-based Fortune 500 contractor announced Wednesday. Under the single-award, indefinite-delivery, indefinite-quantity contract, dubbed Maru, Leidos will sustain and modernize geospatial processing for the NGA’s Exploit[...]
Virginians bet $635M on sports in March
Virginians wagered $635.59 million on sports in March, 24.2% more than March 2023, according to Virginia Lottery data released Wednesday. March’s handle was a 16.6% increase from the $545 million Virginians bet in February. Virginia bettors won almost $588 million in March and approximately $495 million in February. “Virgini[...]
EY taps 14 Virginians as Mid-Atlantic Entrepreneur of the Year finalists
Fourteen Virginia business leaders are among the 30 finalists for Ernst & Young’s 2024 Mid-Atlantic Entrepreneur of the Year award. EY announced the finalists, selected by a panel of independent judges, on April 22. The Big Four professional services company will name the regional awards winners on June 15. The Virginia fi[...]
Intelsat to be acquired by SES for $3.1B
McLean-based satellite services provider Intelsat announced Tuesday that it has made a deal to be acquired by SES, a Luxembourg-based competitor, for $3.1 billion in cash. The deal is expected to close during the second half of 2025, depending on regulatory clearances and other factors, according to a news release. Intelsat [...]
Executive Insights: Cargo convo
Leaders from Virginia’s maritime sector share their views on offshore wind, supply-chain challenges, workforce recruitment and other factors impacting the industry. JEREMY BRIDGES President and chief negotiator, Hampton Roads Shipping Association Norfolk VB: You were vice president of labor relations for CMA CGM. What labor issues do you see arising in the next few years, […]
The insiders
The new leadership of The Martin Agency, a nationally prominent Richmond-based ad agency that counts GEICO and UPS among its clients, isn’t so new. Danny Robinson, who has been with the 400-person agency for 20 years and served as chief creative officer for the last three, succeeded Kristen Cavallo as Martin’s CEO this year,[...]
Shenandoah medical marijuana applications due April 30
While working as an occupational therapist, Stewart Bossman injured his back attempting to help a falling patient. That happened almost 25 years ago, but Bossman continues to deal with back pain. “I’ve had four back surgeries and one neck surgery,” he said, “so sometimes it’s just hard to take.” Bossman, 69, buys CBD[...]
