Skip to main content

Aurora Cannabis Jumps On Deal To Enter U.S. Retail CBD Market While Rivals Balk






















Aurora Cannabis stock spiked yet again late Wednesday after the Canadian pot producer announced an acquisition to enter the U.S. retail CBD market for the first time — even as rivals lament the lack of clarity surrounding regulations of the substance. Other marijuana stocks rose late too.
After the close, Aurora Cannabis (ACB) said it would buy Reliva, a CBD retail brand in the U.S., in an all-stock deal. Reliva will get around $40 million of Aurora Cannabis stock. The deal also includes a possible earn-out — or an arrangement for future payments depending on how well the deal goes — 

Comments

Post a Comment

Popular posts from this blog

US Housing Starts, Permits Plunge To 5 Year Lows

Image
Having already collapsed in March, analysts expected further terrible weakness in both housing starts and building permits in April as the impact of lockdowns really escalated, and the data did indeed come in ugly. Housing Starts fell 30.2% MoM  in April (worse than the 26.0% drop expected and accelerating considerably from the 22.3% drop in March). This is a record drop. Building Permits fell 20.8% MoM  in April (better than the 25.9% expected) Source: Bloomberg Read more
Read more

Volkswagen's $33,000 ID3 EV Arrives In The UK This Summer And Is A Major Threat To Tesla

Image
One could argue there's significant overlap to the types of car buyers that would consider both Tesla and Volkswagen brands. Both brands offer unique engineering and sleek designs.  But up until now, only Tesla was offering an EV. Enter the Volkswagen ID3, which, with a price point of $33,000  possibly represents the biggest challenge to Tesla's dominant EV status yet. The vehicle goes on sale in Europe and the UK this summer, despite the coronavirus and offers the same amount of range and storage space as a Tesla Model 3. The ID3 is going to offer three different battery choices and two power outputs. It has a claimed range of 260 miles. Volkswagen has been taking pre-orders for the car and more than 35,000 people have placed deposits so far,  according to  Autocar . Those who placed deposits will be able to buy their cars starting June 17 in Europe. The UK will follow in mid-July due to the time it takes to get approval for right hand drive models....
Read more

"Land Of The "Free"? Stashing Gold May Be Illegal Soon

Image
Authored by Mac Slavo via SHTFplan.com, According to one hedge-fund manager, known for his “doom and gloom” economic outlooks,  the federal government may soon make stashing gold away illegal for individuals.  Crispen Odey believes that governments will ban the possession of gold if they lose control of inflation of their fiat currency. Odey says that gold is a great way to protect your wealth from the inflation that central banks won’t be able to control as they continue to print money. Read more
Read more