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The 6-0 decision means millions of dollars that Smithfield Foods pays as the result of a 25-year deal with the state nearly 22 years ago may continue to be administered through the state’s Environmental Enhancement Grant program.

TerrAscend Investment Helps Canopy Rivers Reach $82.2M In Income For Q3 Canopy Rivers Inc.disclosed Wednesday its total comprehensive income amounted to $82.2 million in the third quarter of this fiscal year, versus a loss of $40 million in the same period of last year. The company attributes the growth to an $11.4 million increase in the value of its TerrAscend Canada Inc. (CSE:TER) (OTCQX:TRSSF) investment. The Toronto-based venture capital firm invested some $10 million in Terrascend in October. Canopy acquired 13,243 units of TerrAscend as a part of the first tranche of the offering. "...

The original legal case surrounds whether or not millions that arose out of a July 2000 agreement between then-Attorney General Michael Easley and Smithfield Foods and its subsidiaries actually belonged to the public school system. Under the N.C. Constitution, penalties must be remanded to public schools in the region being impacted by the violation. But under the legal agreement, Easley directed funds to be held in an escrow account, controlled and administered by his office to approved environmental causes. A root issue in the case was whether the millions constituted a penalty. The state�...