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Columbia Care: Challenging 1Q, Stock Is Now Tied to Cresco Deal Analyst Says
2022 May 16, 6:46pm | 592The Analyst Pablo Zuanic, from Cantor Fitzgerald, rated Columbia Care Inc. (OTC: CCHWF) as Overweight with a price target of $5.10. The Thesis Columbia Care reported its unaudited financial and operating results for the first quarter ended March 31, 2022, on Monday. The firm reported revenue of $...
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FSD Pharma Closes CA$16.4M Sale Of Ontario Cannabis Processing Facility, Here's What's Next
2022 May 10, 10:19am | 304FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE) (FRE: 0K9A) has closed the sale of the company’s former cannabis processing facility located in Cobourg, Ontario, Canada, for gross proceeds of CA$16.4 million ($12.65 million) in cash. The sale, completed on May 6, 2022, included a 26.1-hectacre...
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Why Hemisphere Media Shares Are Soaring Today
2022 May 09, 2:10pm | 306Gato Investments LP agreed to acquire Hemisphere Media Group, Inc (NASDAQ: HMTV) at $7 per share. The offer price implies a premium of 86% over Hemisphere's closing share price on May 6, the last trading day before the announcement. Hemisphere will become a private company...
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Jazz Pharmaceuticals Completes U.S. Divestiture Of Sunosi To Axsome Therapeutics, What's Next?
2022 May 09, 7:43am | 384Jazz Pharmaceuticals plc (NASDAQ: JAZZ) has completed the divestiture of Sunosi (solriamfetol) in the U.S. to Axsome Therapeutics, Inc. (NASDAQ: AXSM). Deal Details Under the terms of the agreement, Jazz received an upfront payment of $53 million, and will receive a high single-digit royalty on...
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Here's Why Cemtrex Shares Are Up Today
2022 May 04, 3:36pm | 202Cemtrex Inc (NASDAQ: CETXP) looked to a strategic shift towards prioritizing its core businesses, notably Vicon Industries, its security technology brand. Cemtrex explored the divestiture of one or more business units to bolster its Advanced Technologies segment. Cemtrex...
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SAP Plans To Divest Profitable Corporate Learning Software Business: Reuters
2022 May 04, 5:47am | 251German software firm SAP SE ADS (NYSE: SAP) is working with investment bank Moelis & Company (NYSE: MC) to divest its corporate learning software business Litmos, Reuters reports. CEO Christian Klein looks to move towards subscription-driven services and increase...
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Orange CFO Denies Reports Of Its Telecom Network Sale
2022 Apr 26, 9:24am | 159Orange (NYSE: ORAN) does not plan to sell its physical telecoms network, Reuters reports. CFO Ramon Fernandez denied news of Orange exploring the sale of its 734,000 kilometers of underground lines and its 15 million telephone poles worth €8 billion to an infrastructure fund. Orange...
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Just Eat Explores Grubhub Sale As It Sees Corrections Following Pandemic Recovery
2022 Apr 20, 7:36am | 353Just Eat Takeaway.com NV (OTC: JTKWY) weighed a partial or complete sale of its Grubhub unit less than a year after buying it for $7.3 billion. Just Eat Takeaway.com explored strategic actions for the U.S. division after losing an unusually high level of customers across...
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MTN Hires JPMorgan To Advise On Fintech Arm Spin-off
2022 Apr 05, 1:24pm | 274JPMorgan Chase & Co (NYSE: JPM) advised Africa’s leading phone company MTN Group Ltd (OTC: MTNOY), on the planned spin-off of its financial technology business, Bloomberg reports. The fintech arm was worth $6 billion in 2021, Bloomberg noted. MTN looked to complete a...
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Heritage Cannabis Sells Interest In Blockchain-Focused Tech Firm To Fuel Its Marijuana Operations
2022 Mar 30, 1:35pm | 376Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) has sold its interest in Stanley Park Digital Ltd., a technology consulting company that focusses on all aspects of blockchain technology, based in Vancouver, BC, for total cash proceeds of approximately CA$608,649 ($486,640). Heritage...
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TuSimple Shares Soar As It Looks To Divest China Operations
2022 Mar 16, 11:57am | 198Autonomous trucking startup TuSimple Holdings Inc (NASDAQ: TSP) looked to divest its China business for up to $1 billion, Reuters reports. TuSimple approached several Chinese investors, including private equity firm Boyu Capital, searching for potential buyers. TuSimple aimed to...
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P3 Health Partners Expects To Clock 46% Jump In Q4 Sales, FY22 Guidance Surpass Consensus
2022 Mar 09, 11:38am | 280P3 Health Partners Inc (NASDAQ: PIII) expects Q4 FY21 revenue of approximately $183 million, up 46% Y/Y, beating the consensus of $171 million. For FY21, the Company sees sales increase 32% to approximately $642 million. Q4 Net loss is expected to be approximately $(90) million - $(95)...
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XPO Logistics to Split Company Into Two And Divest These Units To Unlock Value For Investors
2022 Mar 09, 7:46am | 394XPO Logistics Inc (NYSE: XPO) said on Tuesday it plans to split its key North American business units into two publicly traded units and aims to divest its European business and North American intermodal operation, a move that it says will unlock value for investors. What Happened: ...
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Nordic American Tankers Reveals Sale Of 2002-Built Vessel
2022 Mar 04, 12:25pm | 193Nordic American Tanker Ltd (NYSE: NAT) has agreed to sell a 2002 built vessel to an undisclosed buyer. The company plans to deliver the vessel to its new owners before the end of March. As per its plan to adjust its fleet, the company sold the 2000-built Nordic Sirius in October...
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Vodafone New Zealand Explores Sale Of Towers
2022 Mar 04, 7:22am | 223Vodafone New Zealand Ltd sought prospective buyers for its wireless phone towers that provide coverage to about 98% of the country’s population, Bloomberg reports. Infratil Ltd (OTC: IFUUF) and Brookfield Asset Management Inc (NYSE: BAM) own Vodafone New Zealand....