Biz briefs: Ten Mile Creek Kayaks closes; owner eyes reopening next year | SummitDaily.com

Biz briefs: Ten Mile Creek Kayaks closes; owner eyes reopening next year

Summit Daily/Sebastian Foltz Ten Mile Creek Kayaks shop owner Matti Wade paddling the play spot up steam from Main Street. Wade has closed his shop to rennovate the location into a new home for him and his growing family. However, Wade hopes to reopen somewhere in Frisco sometime next year.

Ten Mile Creek Kayaks closes; owner eyes reopening next year

The owner of Ten Mile Creek Kayaks in Frisco has closed his retail store at 101 Forest Drive after almost nine years in business to convert the storefront into a two-bedroom condo for him and his family. The building is off the Main Street exit of Interstate 70, and the move was precipitated by the addition of Matti Wade and his wife's second child, a son born about seven months ago.

"It was just too much for me to find a new location, move the store and remodel," Wade said of his decision to close, adding that it was a tough call to make at the beginning of the kayaking season but "family comes first."

Wade aims to reopen the retail business somewhere in Frisco next year.

"My hopes and goals and dreams are to get a location picked out this coming new year and bring back the retail next spring," Wade said, adding that he is still offering whitewater instruction, including various classes in kayaking and stand-up paddleboarding. Anyone interested in booking Wade for instruction can reach him at 970-668-9294. With water levels rising and a woman dying this weekend on the Upper Colorado, Wade is encouraging boaters to exercise extreme caution on the rivers.

Cornerstone Real Estate adds team member

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Cornerstone Real Estate has hired Blaze Panariso, a Colorado native who was born and raised in Pueblo, according to a news release.

Panariso and his wife, Candice, have called Summit County home since 2012, and they have two children.

Before joining Cornerstone, Panariso had worked for a large bank, a small community bank and a title company, and his knowledge of the lending process and the title insurance, closing process will be an invaluable resource, according to the release.

Reach Panariso at 970-513-8200 or 970-406-0733.

FirstBank announces first quarter results

As of March 31, FirstBank's net income increased 10.6 percent to $48 million compared to the same period last year, according to the bank.

Additionally, total assets grew to $17.3 billion, an increase of 7.8 percent, and total deposits increased to $15.6 billion, up 8.1 percent. Net loans totaled $9.6 billion, an increase of 8.5 percent.

Specific to Summit County, assets grew 4.9 percent from $441.3 million to $462.9 million in 2016, while total deposits increased 6.9 percent to $426.2 million and loans increased from $431.3 million to $453 million, an increase of 5 percent.

Frisco's Herbal Bliss bought by Tumbleweed

Formerly known as Herbal Bliss, the marijuana dispensary at 842 N. Summit Blvd. in Frisco, near Walmart and Safeway, has been purchased by Tumbleweed.

Tumbleweed is a small chain of pot stores with locations in Edwards and Parachute, and the company is planning a large-scale remodel of the Frisco location. Currently, the store sells marijuana flower at four price levels — bronze, silver, gold and platinum — ranging from $6-12 a gram or $160-$280 an ounce. The store does not offer a locals' discount because "everyone's a local here," a worker said Tuesday.

—Compiled by Summit Daily staff