Canopy Growth Corp. said Thursday it has reached an agreement to acquire Toronto-based Supreme Cannabis Co. Inc. in the latest M&A deal in a cannabis sector that is seeing a burst of activity amid hopes for reform of strict U.S. laws.
Canopy CGCCA:WEED said the stock-and-cash deal is valued at about C$435 million ($345.6 million). Supreme Cannabis SPRWFCA:FIRE shareholders will receive 0.01165872 of Canopy stock for each share owned, plus C$0.0001 in cash. That is equal to a premium of about 66% for Supreme Cannabis shareholders based on the closing prices of both stocks on the Toronto Stock Exchange on Wednesday.
Even as cryptocurrencies steadily gain support on Wall Street, they’re still regarded by regulators as a tool for criminals to conceal shady transactions — posing a challenge to the nascent industry as it seeks to win wider respect.
That’s creating a potentially lucrative opportunity for new groups in Washington advocating for digital currencies. Some prominent crypto lobbying organizations say they’ve increased their membership and raised millions of dollars to help improve the industry’s image.
Options skew, which measures the difference between the call implied volatility and put implied volatility for all options, is creeping up, as tweeted by the options analytics platform Genesis Volatility.
In plain English, that call options are again drawing greater demand or premium than puts in a sign of bullish bias.
Implied volatility refers to investors’ expectations for price turbulence over a specific period and positively impacts the option’s price. Hence, an uptick in the call-put implied volatility spread is considered a sign of bullish positioning.
With global digitalisation having sped up over the last year, it’s no surprise that more companies are going digital – not only in terms of the way they work internally, but also regarding more startups and corporates working on digital products and services. Sectors like edtech, medtech, e-commerce, gaming and others are on an upward trajectory, with more tech-driven positions being created than ever before.
TJF – Tech Jobs Fair, founded by Ashok Dudhat, is a platform to empower brands and companies by matching them with the talents they are looking for. It has a strong emphasis on IT and Digital domains and its mission is to provide companies with an opportunity to enhance their brand equity, recall and recognition by providing cost-effective hiring and branding solutions. TJF held its first edition in 2017 in Berlin, and in 2019 made its mark in three other commercial hubs in Europe: Vienna, Zurich and Lisbon. TJF operates with a core team in Berlin as well as with event-based local professionals in the various cities pertaining to the job fairs.
But on Jan. 22, less than three months after the vote, the Arizona Department of Health Services started quickly approving applications, allowing dispensaries to sell cannabis to adults 21 and older immediately.
The first piece highlights the use of cannabinoids among the geriatric population. Cannabis and cannabidiol (CBD) use in older adults has become more prevalent as a result of reduced stigma; leniency in state restrictions on possession and sale; and advertisements touting benefits for chronic pain, peripheral neuropathy, stress, anxiety, depression, insomnia, headaches, and the adverse effects of chemotherapy. Medical marijuana use by individuals 65 and older has increased more than 8-fold in recent years. The article nicely summarizes how heavy marijuana use can cause mild functional and structural brain impairments, affecting attention, processing speed, motor coordination, verbal memory, and executive function.
Despite a shift in public opinion toward legalizing marijuana over the past 30 years, the president’s more conservative approach to weed policy is well-known on Capitol Hill. When the Daily Beast reported late Thursday that “dozens” of young White House staffers had been suspended, asked to resign or placed in a remote work program after admitting to prior marijuana use, pro-cannabis lawmakers were dismayed Friday but hardly shocked.
“It is another very vivid example of the clash between outmoded past policies, and where America is, and where America is going,” Rep. Earl Blumenauer (D-Ore.), Capitol Hill’s unofficial weed czar, said in an interview. “It’s not, probably, surprising.”