Reuters — Cannabis producer Jushi Holdings acquired Massachusetts-based retailer Nature’s Remedy at a cheaper price than initially offered, as valuation of weed companies across North America has dramatically dropped lately. The decline in valuations over the last few months has been largely due to a lack of progress on anticipated federal marijuana reforms in the […] Read more
Tag Archives valuation
Pot producer Jushi acquires U.S. retailer in cheaper deal
Lack of movement on legalization drops valuations
Tyson sells stake in Beyond Meat
Reuters — Tyson Foods said on Wednesday it had sold its 6.5 per cent stake in vegan burger maker Beyond Meat, as the No. 1 U.S. meat processor looks to develop its own line of alternative protein products. The exit comes against the backdrop of rising tensions between the two companies after Tyson CEO Noel […] Read more
Margarita Louis-Dreyfus seals share buyout
Paris | Reuters –– Margarita Louis-Dreyfus has completed a purchase of minority shares in agricultural commodity trader Louis Dreyfus Company, ending a long-running tussle with other family members. The buyout was completed on Jan. 25 and increased the stake of Margarita Louis-Dreyfus’ Akira trust to 96.2 per cent of Louis Dreyfus Company Holdings B.V., she […] Read more
Aphria says proposed hostile bid undervalues company
Reuters — Canadian cannabis producer Aphria said on Friday Green Growth Brands’ proposed $2.8 billion all-stock hostile bid “significantly” undervalued the company. Ohio-based cannabis retailer Green Growth, which merged with Xanthic Biopharma in November, said on Thursday it would offer 1.5714 shares for each Aphria share. The company said its valuation was based on a […] Read more
Lilly’s Elanco unit expects IPO to raise up to US$1.45 billion
Reuters — Eli Lilly + Co.’s Elanco Animal Health unit expects its initial public offering to raise up to US$1.45 billion, betting on increased appetite among investors for animal health companies. The IPO of 62.9 million shares is expected to be priced between $20-$23 per unit, with the company having a valuation of about $8 […] Read more
Monsanto sweetens offer for Syngenta
New York/Chicago | Reuters — U.S.-based Monsanto sweetened its offer to buy Switzerland’s Syngenta, valuing the company at around US$47 billion as it tries to lure the Swiss firm to the negotiating table, a person familiar with the matter said on Monday. Monsanto, which wants to combine its world-leading seeds business with Syngenta’s own seeds […] Read more
Cyber-Savvy Farmer
