Month: January 2023

Amynta Group Acquires Ambridge Group from Brit, a subsidiary of Fairfax

Written by Customer Service on January 9, 2023. Posted in Mergers And Acquisitions.

NEW YORK, TORONTO and LONDON, Jan. 09, 2023 (GLOBE NEWSWIRE) — Amynta Group, Brit Ltd (“Brit”), a subsidiary of Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U), and Fairfax today announced a strategic partnership in which Amynta will acquire Ambridge Group, the MGU operations of Brit, for $400 million and enter into a multi-year agreement for Brit to be a significant capacity partner to Ambridge. The transaction includes Ambridge in the U.S. and international units in the United Kingdom and Germany. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the second quarter of 2023. Ambridge is a leading global Managing General Underwriter (MGU), offering a broad range of transactional, specialty casualty, cyber, professional liability and reinsurance...

Glencore Canada to Acquire Noranda Income Fund Priority Units in an All-Cash Transaction

Written by Customer Service on January 9, 2023. Posted in Mergers And Acquisitions.

TORONTO, Jan. 09, 2023 (GLOBE NEWSWIRE) — Noranda Income Fund (TSX: NIF.UN) (the “Fund”) announced today that it has entered into an arrangement agreement (the “Arrangement Agreement”) with Glencore Canada Corporation (“Glencore”) by which Glencore will acquire all of the issued and outstanding priority units of the Fund for C$1.42 per unit, by way of a court approved plan of arrangement, for total consideration of approximately C$53.2 million (the “Transaction”). The purchase price of C$1.42 per unit represents a 45% premium on the closing price on the Toronto Stock Exchange (“TSX”) on January 6, 2023, the last trading day prior to announcement, and a 62% premium on the 20-day volume weighted average price per priority unit on the TSX for the period ending on January 6, 2023. Glencore currently holds 100% of the Fund’s special...

Tilray Brands Reports Second Quarter Fiscal Year 2023 Financial Results

Written by Customer Service on January 9, 2023. Posted in Earnings Releases And Operating Results.

Achieved $29.2 Million of Operating Cash Flow and $25.4 Million of Free Cash Flow 15th Consecutive Quarter of Positive Adjusted EBITDA Maintains Leading Market Share Position in Recreational Cannabis in Canada and Medical Cannabis Across Europe Net Revenue of $144.1 Million, On a Constant Currency Basis $157.6 million EPS of -$0.11 and Adjusted EPS of -$0.06 Strategy in Place to Build the World’s Leading and Most Diversified Cannabis Lifestyle Consumer Packaged Goods Company Completes Acquisition of Montauk Brewing Company, #1 Craft Beer in Metro New York LEAMINGTON, Ontario and NEW YORK, Jan. 09, 2023 (GLOBE NEWSWIRE) — Tilray Brands, Inc. (“Tilray” or the “Company”) (Nasdaq: TLRY; TSX: TLRY), a leading global cannabis-lifestyle and consumer packaged goods company inspiring and empowering the worldwide community to live their...

Ayr Wellness Announces Opening of Two New Retail Locations in Florida

Written by Customer Service on January 9, 2023. Posted in Public Companies.

MIAMI, Jan. 09, 2023 (GLOBE NEWSWIRE) — Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“Ayr” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator (“MSO”), today announced that it has opened two new retail locations in Florida in Tarpon Springs and Orlando. “We are excited to begin 2023 by welcoming customers to our newest locations in Ayr’s home state of Florida,” said David Goubert, President at Ayr. “2022 was a year of tremendous growth for Ayr in Florida and we look forward to building on that momentum and creating lasting relationships with even more customers in the year ahead.” The Tarpon Springs store features 3,470 sq. ft. of retail space and is located in a highly populated, residential area near popular destinations including downtown Tarpon Springs, Tarpon Sponge Docks and Tarpon Square....

Zai Lab Appoints Michel Vounatsos To Its Board of Directors

Written by Customer Service on January 9, 2023. Posted in Public Companies.

SHANGHAI and CAMBRIDGE, Mass., Jan. 09, 2023 (GLOBE NEWSWIRE) — Zai Lab Limited (NASDAQ: ZLAB; HKEX: 9688) today announced that Michel Vounatsos has been appointed to its Board of Directors, effective January 7, 2023. Mr. Vounatsos brings to the Board extensive global leadership and management experience in the biopharmaceutical industry, including more than 25 years of service at leading companies. His expertise includes significant commercial experience in China and worldwide in the areas of primary care and neuroscience. “We are delighted to welcome Michel Vounatsos to the Zai Lab Board of Directors,” said Dr. Samantha Du, Founder, Chairperson, and CEO of Zai Lab. “Michel has a wealth of commercial experience, globally and in China, which will be invaluable to the Board and our executive team as the Company continues its efforts...

Jushi Holdings Inc. Announces Leadership Appointments and Management Changes

Written by Customer Service on January 9, 2023. Posted in Public Companies.

Appoints veteran CFO with extensive CPG and global manufacturing expertise Implements organizational improvements to drive operational efficiencies and labor reductions BOCA RATON, Fla., Jan. 09, 2023 (GLOBE NEWSWIRE) — Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, announced leadership appointments and management changes. These changes include the appointment of Michelle Mosier as the Company’s Chief Financial Officer (“CFO”) effective January 16, 2023, and the resignation of Leonardo “Leo” Garcia-Berg from his position as Chief Operations Officer (“COO”), effective January 20, 2023. In addition, the Company has appointed Nichole Upshaw as Chief People Officer and has designated Shaunna Patrick as Chief Commercial Director and Trent Woloveck as...

Biochar Market Market Size [2023-2028] worth USD 365 Million | exhibiting a CAGR of 12.1%

Written by Customer Service on January 9, 2023. Posted in Mergers And Acquisitions.

The global biochar market was valued USD 149.2 million in 2020, and is projected to reach USD 365.0 million valuation by 2028, growing at CAGR of 12.1% from 2023 to 2028. Increasing use of biochar in energy production to drive market growth. Pune, India, Jan. 09, 2023 (GLOBE NEWSWIRE) — According to Fortune Business insights, the global biochar market is expected to grow USD 365.0 million by 2028 from its valuation USD 164.5 million in 2021, at a CAGR of 12.1%. According to our researchers, this char is utilized expansively in a soil amendment to increase pollutants and poisonous elements and also to avoid dropping moisture levels, fertilizer runoff, and soil leaching. Consequently, its wide use is likely to bolster its demand during the forecasted period. Key Industry Development: July 2021: Standard Biocarbon Corporation and...

Asensus Surgical Provides Preliminary 2022 Year-End Corporate Update

Written by Customer Service on January 9, 2023. Posted in Public Companies.

RESEARCH TRIANGLE PARK, N.C., Jan. 09, 2023 (GLOBE NEWSWIRE) — Asensus Surgical, Inc. (NYSE American: ASXC), a medical device company that is digitizing the interface between the surgeon and the patient to pioneer a new era of Performance-Guided Surgery™, today provided a preliminary 2022 year-end corporate update. Fourth Quarter HighlightsOver 690 procedures were performed globally during the quarter, representing growth of over 23% compared to the fourth quarter 2021 Five Senhance® Surgical Programs were initiated during the quarter, including two in Germany, two in Japan, and one in the CIS region Fourth quarter unaudited revenue is expected to be approximately $2.2 – $2.8 million2022 Full Year HighlightsApproximately 2,650 procedures were performed globally, representing growth of over 26% compared to 2021 In...

Natural Language Processing Market size Worth USD 161.81 Billion by 2029 | Report by Fortune Business Insights

Written by Customer Service on January 9, 2023. Posted in Mergers And Acquisitions.

According to Fortune Business Insights, the global natural language processing market size is projected to reach USD 161.81 billion in 2029, at a CAGR of 18.1% during the forecast period, 2022-2029 Pune, India, Jan. 09, 2023 (GLOBE NEWSWIRE) — The global natural language processing market size was valued at USD 20.80 billion in 2021. The market is expected to grow from USD 26.42 billion in 2022 to USD 161.81 billion by 2029, exhibiting a CAGR of 18.1% during the forecast period. Rising digital transformation and adoption of advanced technologies are expected to fuel the industry’s growth. Fortune Business Insights™ provides this information in its report titled “Natural Language Processing (NLP) Market Forecast, 2023-2029”Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/natural-language-processing-nlp-market-101933Key...

Nuvei Enters Definitive Agreement to Acquire Paya

Written by Customer Service on January 9, 2023. Posted in Mergers And Acquisitions.

Proposed Acquisition Would Create a Preeminent Payment Technology Provider with Strong Positions in Global eCommerce, Integrated Payments and B2B MONTREAL and ATLANTA, Jan. 09, 2023 (GLOBE NEWSWIRE) — Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, and Paya Holdings Inc. (“Paya”) (Nasdaq: PAYA), a leading provider of integrated payment and commerce solutions in the U.S., today announced that they have entered into a definitive agreement whereby Nuvei will acquire Paya in an all-cash transaction at USD $9.75 per share for total consideration of approximately $1.3 billion. “The proposed acquisition of Paya is a powerful next step in the evolution of Nuvei, creating a preeminent payment technology provider with strong positions in global eCommerce, Integrated Payments and business-to-business...

Month: January 2023

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