The American company Constellation Brands reported that it invests 5 billion Canadian dollars in the Canadian manufacturer Canopy Growth to increase its share in it to 38%. Constellation Brands acquired a 10% stake in the Canadian company in 2017. CEO at Constellation Brands Rob Sands said: “Over the past year, we have learned more about the marijuana market, understood the great opportunities that it offers, and Canopy obtains the leading position in this market”. About 30 US states and the District of Columbia legalized the use of cannabis and marijuana for medical purposes. It is expected that by 2025 the volume of the American market of legal marijuana will reach 25 billion dollars.
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...