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...Maguire said the deal between his cannabis company and Channel 4 was a sign that unease around cannabis was subsiding. “The stigma is being washed away every year,” he said....
...“Growth in cannabis exists at every level,” says Kim Rivers, chief executive of Trulieve, which generated $1.2bn in sales from 181 dispensaries in 11 states last year....
...Trading volume for TMTG, which last month merged with Digital World Acquisition Corp, was double its 20-day average early on Friday, according to Bloomberg data....
...During the second quarter Senvest put on new short positions — bets on falling prices — on a solar energy equipment supplier and a Canadian cannabis company....
...Offering $54 flat might have saved Musk approximately $200m but would also mean missing out on a cannabis joke. If Twitter shareholders say no, will he take his offer up to $69.42? Apparently not....
...Hedge funds have since learnt to tread carefully around this shockingly effective army of opponents, which now quickly flips between new targets, including stocks linked to crypto, cannabis and electric...
...Smiths Falls, which has one cannabis store, will soon welcome two new outlets, Pankow says....
...Prices of meme stocks, cryptocurrencies, cannabis companies and blank-cheque vehicles known as Spacs have all tumbled as the air hisses out of the assets that encapsulated that furious rally, leaving no...
...(Left Coast Ventures), a predominant cannabis and hemp company with low-cost manufacturing and a diversified portfolio of brands, to form TPCO Holding Corp. (The Parent Company) (the “Transaction”)....
...The message was a bombastic plug for a little-known penny stock called MedX Holdings, a “brands and acquisitions” business looking at the emerging cannabis industry....
...Further Reading Can racial equality be built into the US cannabis industry?...
...Growth companies in frontier specialisms ranging from cannabis to tele-health now dominate Spac deals. The trend means these transactions smack more than ever of a market overreaching itself....
...Among the more recent targets was GW Pharmaceuticals, a British pioneer in cannabis-based medicines that was acquired by US group Jazz Pharmaceuticals for $7.2bn....
...A second scoop to start: Germany’s Bertelsmann is in pole position to buy Simon & Schuster, outbidding Rupert Murdoch’s News Corp to strengthen its position as the world’s biggest books publisher....
...It later abandoned that pricing model and began advertising a line of products using the cannabis compound CBD....
...“Many younger legal-drinking-age consumers are gravitating away from beer to other categories, which in the US includes legalised cannabis,” says Mark Meek, CEO of IWSR....
...See for instance the euphoric valuations attached to Tilray and other cannabis stocks....
...Canadian medical marijuana producer Canopy Growth Corp, which trades on the Toronto stock exchange under the ticker WEED, is the largest of the handful of companies to have benefited from investor excitement...
...Canopy Growth Corp, whose Toronto stock exchange ticker is WEED, attracted huge interest this year when Constellation Brands, maker of Corona and Modelo beers, raised its stake in Canopy to 38 per cent with...
...Nasdaq is also home to MTech Acquisition Corp, a special purpose acquisition vehicle, or spac, that intends to buy a companies “ancillary to the cannabis industry”....
...There are 26 listed companies producing cannabis with sales of more than $2.5m per quarter, according to New Cannabis Ventures. A further 27 are expected to be publicly tradeable soon....
...Molson Coors Canada earlier on Wednesday announced that it was forming a joint venture with The Hydropothecary Corp to “pursue opportunities to develop non-alcoholic, cannabis-infused beverages for the Canadian...
...She currently works at News Corp. Before that, she held various positions at Skadden Arps, Slate, Meagher & Flom. Citi Private Bank has made three new hires....
...(FT) News Round-up RPX Corp explores potential sale (Reuters) US ’constructech’ start-up raises $865m in SoftBank-led round (FT) KKR sells remaining stake in Pets at Home (FastFT) Canada’s Aurora Cannabis...
...• Chris Leavy, a former chief investment officer in BlackRock’s US fundamental equity division, has joined MedMen, where he will serve as a partner and co-chairman of the Los Angeles-based medical cannabis...
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