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Why Service Properties Trust's Stock Is Trading Higher Today
2020 Jun 01, 3:32pm | 141Read More...Service Properties Trust (NASDAQ: SVC) shares are trading higher on Monday after the company sold a property in Massachusetts for $51 million. Service Properties Trust is a real estate investment trust that owns hotel properties. These properties are located primarily in the U.S., along with Canada...
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Why Coty's Stock Is Trading Higher Today
2020 Jun 01, 11:48am | 176Read More...Coty (NYSE: COTY) shares are trading higher on Monday after it was announced KKR plans to acquire 60% of Coty's professional and retail hair business for $2.5 billion. Coty was founded in 1904 by François Coty which develops, manufactures, markets, and distributes fragrances, cosmetics,...
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Lineage Logistics Acquires 14 Facilities In Henningsen Cold Storage Deal
2020 May 28, 2:22pm | 485Read More...In a May 28 press release, Lineage Logistics announced it has entered into an agreement to acquire Henningsen Cold Storage and its 14 facilities, which are predominantly located throughout the Pacific Northwest. The Novi, Michigan-based temperature-controlled logistics provider expects the deal to...
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Bankrupt Celadon Seeks To Auction Off Mexico Trucking Businesses
2020 May 21, 8:42am | 332Read More...Celadon Group has asked a court to allow it to pursue a public auction for its Mexican businesses, with a deadline set for June 8. The most recent court filings are part of the U.S. Bankruptcy Court for the District of Delaware hearings for trucking company Celadon Group, which filed for Chapter...
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Trichome Financial Wins Cannabis Cultivator JWC's Assets With $13M Bid
2020 May 20, 3:12pm | 452Read More...Trichome Financial Corp. (CSE: TFC) (OTC: TRICF), a finance company focused on the cannabis industry, announced Tuesday the purchase of James E. Wagner Cultivation Corp. (JWC) for $13 million. The Toronto-based company said it plans to restructure the Canadian cannabis company after...
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Acreage Shifts Gears, Sells Assets, Takes Up To $100M Write-Down
2020 May 18, 2:14pm | 357Read More...Cannabis investment firm Acreage Holdings Inc., (CSE: ACRG.U) (OTC: ACRGF) announced Monday the sale of undeveloped real estate located in Nantucket, Rhode Island and a dispensary in Fargo, North Dakota. The deal terms were not disclosed. The New York-based multistate operator...
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4Front Sells Assets For $18M To Pay Down Debt, Exits Maryland And Pennsylvania
2020 May 01, 11:35am | 380Read More...In a bid to reach cash flow positivity in the second half of 2020, 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) agreed to sell its non-core retail licenses in Maryland and Pennsylvania. The sale is expected to net Vancouver, Canada-based 4Front $18 million in cash. Pending regulatory...
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Roadrunner Unloads Another Unit, Sells Stagecoach Cartage
2020 Apr 01, 6:23pm | 571Read More...Advancing the transformation to an asset-light business model, Roadrunner Transportation Systems Inc. (NYSE: RRTS) announced that it has sold dry van business segment Stagecoach Cartage and Distribution LLC. Founded in 1986 and based in El Paso, Texas, Stagecoach provides over-the-road, local...
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Why MagnaChip's Stock Is Trading Higher Today
2020 Mar 31, 1:29pm | 103Read More...MagnaChip Semiconductor (NYSE: MX) shares are trading higher on Tuesday, after the company announced an agreement to sell its Foundry Services Group business and Fab 4 factory for $435 million. MagnaChip Semiconductor Corp designs and manufactures analog and mixed-signal semiconductor platform...
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Why Uxin's Stock Is Trading Higher Today
2020 Mar 24, 12:07pm | 172Read More...Uxin Limited (NASDAQ: UXIN) shares are trading higher on Tuesday, after 58.com purchased the company's B2B online used car auction business for $105 million. The transaction is expected to close in the first half of 2020. Uxin is a national online used car dealer in China. "Our B2B...
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Orient Overseas International Profits Swell With Long Beach Sale Proceeds
2020 Mar 23, 5:29pm | 1165Read More...Orient Overseas (International) Limited (OTCMKTS:OROVY) said Monday it realized a $1.15 billion profit from the sale of the Long Beach Container Terminal (LBCT). In April, OOIL sold the Port of Long Beach terminal to a consortium of investors led by Macquarie Infrastructure Partners for $1.78...
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Village Farms Raises $7M, Inks Agreement With Beacon Securities
2020 Mar 19, 3:55pm | 186Read More...Greenhouse operator Village Farms International (NASDAQ: VFF) (TSX:VFF) received an infusion of CA$10 million (US$6.92 million) in capital thanks to a deal with Beacon Securities Ltd. The deal, announced Thursday, calls for the purchase of 3,125,000 common shares in Village Farms...
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Nabis Holdings Shifts Gears, Cancels Deal For Desert's Finest Dispensary
2020 Mar 17, 2:35pm | 332Read More...Cannabis-oriented investment company Nabis Holdings Inc. (OTC: NABIF)(CSE:NAB) is nixing a dispensary deal. The Toronto-based firm said Tuesday it has cancelled an agreement to acquire Desert’s Finest dispensary in California. The dispensary is located in Desert Hot Springs, and covers a...
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The Week In Cannabis: Coronavirus Drop, Major Financing Agreements, Psychedelics Getting Hot
2020 Mar 14, 8:53am | 2486Read More...This was another brutal week for cannabis stocks, with all major ETFs posting double-digits losses. Over the last five trading days: The ETFMG Alternative Harvest ETF (NYSE: MJ) lost 13.7%. The AdvisorShares Pure Cannabis ETF (NYSE: YOLO) tumbled 17.4%. The Cannabis ETF (NYSE: THCX) dropped 16.4...
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Zenabis Confirms Layoffs, Facility For Sale, Says It Remains "Well-Positioned'
2020 Mar 13, 2:24pm | 360Read More...Zenabis Global Inc. (TSX: ZENA) (OTC: ZBISF) said Wednesday that it has cut its overall workforce by 25%. The cannabis company said it reduced the workforce at its Vancouver headquarters by 33%. The layoffs are part of an effort to increase efficiencies, reduce quarterly expenses and...
