Aurora Cannabis will buy rival MedReleaf for C$3.2 billion ($2.51 billion), the companies said on Monday, the biggest deal yet to unify major Canadian marijuana growers. The deal comes two months before cannabis is expected to be legalized for recreational use in Canada, and is the latest in a wave of mergers in the industry as marijuana makers — emboldened […]
By Kristine Owram May 1, 2018, 4:00 AM CDT Updated on May 1, 2018, 8:44 AM CDT Company’s stock has gained more then 40% in three trading days Dayforce HR cloud platform has seen growth of 60% over 5 years Photographer: Kris Tripplaar/Sipa USA/ AP Photos Ceridian HCM Holding Inc. soared in its first days of trading as […]
In the weed world, Big Pharma is typically seen as an enemy. It’s the industry that pushed opioids over a potentially safer solution to chronic pain. It’s the industry that has scored Schedule II and III status for synthetic THC, while naturally occurring THC in cannabis plants remain in Schedule I. It’s the industry that has poured money […]
Randy Falco, Univision’s President and CEO since 2011, will retire and leave the company at the end of the year. The news comes just one day after Univision, citing prevailing market conditions, requested to withdraw its initial public offering filing and swapped CFOs, naming Peter H. Lori to the role, immediately replacing Francisco J. Lopez-Balboa, who […]
Fogo de Chão (Nasdaq: FOGO) is being acquired in an all-cash transaction valued at $560 million, the Dallas company announced Tuesday. The Brazilian-style steakhouse chain has entered into an agreement to be acquired by entities affiliated with New York investment management firm Rhône Capital. Under terms of the deal, Fogo shareholders will receive $15.75 per […]
COLUMBUS, OHIO Human error led to a company’s inadvertent exclusion from the proposed list of the dozen big growers in Ohio’s new medical marijuana program, the state Department of Commerce said Thursday. The agency uncovered the mistake this week and notified PharmaCann Ohio Inc., a medical marijuana firm, that it was improperly bumped from the […]
It’s the first marijuana unicorn in the country. California basedMedMen recently received a $30 million investment from Captor Capital for 3% of the company placing the valuation of the currently private cannabis company at a billion dollars. Chief Executive Officer Adam Bierman said MedMen is expecting an additional private investment in February that will make the […]
Indica Industries Pty Ltd, the partner of Canadian licensed producer MedReleaf (TSX: LEAF) (OTC: MEDFF) that is operating as MedReleaf Australia, has commenced commercial operations. The company, which received its cultivation and production license in November, will be initially importing oils and capsules that are available for delivery in the first quarter of 2018 to hospitals and pharmacies. […]
Toronto, Ontario–(Newsfile Corp. – January 30, 2018) – RISE Research Inc. (“RISE”) and Luminor Medical Technologies Inc. (CSE: LMT) (“Luminor”) are pleased to announce RISE’s comprehensive strategic partnership with Constance Therapeutics (“CT”), an established San Francisco-based developer and manufacturer of premium medical cannabis extract products for physician and patient use in California. The partnership includes […]
Blackstone the world’s largest manager of alternative assets, said on Thursday a key measure of its earnings rose by 5 percent, helped by large gains in its private-equity unit and a strong performance by its real estate, credit, and hedge fund businesses. Blackstone followed its peer Apollo Global Management in reporting strong appreciation in its buyout funds […]
Ever since the Federal Reserve began to withdraw monetary stimulus, liquidity has steadily been drying up. Therein lies the crux of the broader stress in financial markets, according to Bank of America Merrill Lynch, which have seen violent selloffs occur following the surprise revaluations of currencies in Switzerland and China, as well as Japan’s introduction of negative interest […]
American oil companies are starting to scream “mayday.” Last year, 42 North American drillers filed for bankruptcy, according to law firm Haynes and Boone. It’s only likely to get worse this year. Experts say there are a lot of parallels between today’s crisis and the last oil crash in 1986. Back then, 27% of exploration […]