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Big Tobacco's Latest $86.8 Million Cannabis Investment Signals Growing Industry Influence
Wednesday, March 5, 2025 - 11:35am | 841Read More...British American Tobacco (NYSE:BTI), recognized as one of the top three tobacco companies globally by both market capitalization and net sales, has further entrenched itself in the cannabis industry, finalizing a strategic investment of C$124.6 million (approximately $86.8 million) in Organigram...
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Cannabis Industry's Capital Crunch: Why It Needs More Funds Than Other Industries, Will Fed Legalization Change This?
Tuesday, August 29, 2023 - 3:46pm | 1207Read More...Recent research conducted by Viridian Capital Advisors reveals that the cannabis sector requires more capital as compared to other similar industries. The findings offer a unique perspective into the challenges the cannabis industry faces, especially considering the potential for federal...
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EXCLUSIVE: Key Insights And 4 Predictions On Cannabis Sector Equity Research For 2024
Tuesday, July 25, 2023 - 2:22pm | 761Read More...In an exclusive preview from Zuanic & Associates' recent cannabis equity research report, Benzinga reveals four key predictions for the next 18 months. The SAFE Banking bill is expected to pass in the fall of 2024. Key Senate players will aim for a "midpoint" compromise on add-...
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Tobacco Vs. Cannabis: Why Doesn't The U.S. Government Want Our Money?
Thursday, June 29, 2023 - 11:21pm | 882Read More...Legalizing cannabis presents an opportunity for the federal government to tap into a valuable source of revenue. Instead of relying solely on sales taxes, the integration of the cannabis industry into the legal space can generate substantial personal and corporate income taxes. This potential...
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This $85B Tobacco Giant Just Invested $37M In A German Cannabis Company Also Supported By Snoop Dogg
Tuesday, September 27, 2022 - 10:07am | 517Read More...British American Tobacco (BAT) (NYSE: BTI) is investing in German cannabis company Sanity Group GmbH along with Snoop Dogg’s Casa Verde Capital as part of the tobacco giant’s bid to diversify beyond nicotine. On Monday, Bloomberg reported that Sanity secured $37.6...
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CBD Company Trait Biosciences Completes CA$31M Series A Round Led By Btomorrow Ventures
Wednesday, June 16, 2021 - 12:54pm | 390Read More...CBD company Trait Biosciences Inc. reported Wednesday it has raised CA$31 million ($25.46 million) through a Series A financing round led by the corporate venturing unit of British American Tobacco, Btomorrow Ventures, and backed by Gotham Green Partners. Other investors...
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Emerald Health Therapeutics Spearheads Innovation Of Craft Cannabis With Verdélite Sciences, Inc. Operation
Friday, October 25, 2019 - 9:15am | 779Read More...Thierry Schmidt, President of Verdélite Sciences, Inc. and Chief Commercial Officer of Emerald Health Therapeutics (TSXV: EMH) (OTCQX: EMHTF), spoke with Benzinga regarding Verdélite’s prospects as a now fully-licensed, vertically-integrated cannabis production and processing...
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Stocks Rebound From 2 Day Drop As The Fed Confirms The End Of QE Is Near
Wednesday, July 9, 2014 - 4:40pm | 2399Read More...U.S. stocks rose following the FOMC minutes which stated that the Fed is on track for a final month of tapering in October. The Fed plans to slash $15 billion from its monthly asset purchasing program at that time. “Some committee members had been asked by members of the public whether...
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London Tabloid Rumor: BAT To Acquire Reynolds American
Wednesday, July 9, 2014 - 8:51am | 146Read More...A rumor resurfaced Wednesday that Reynolds American (NYSE: RAI) will be fully acquired by British American Tobacco plc. Citing only "smoke signals rising from British American's headquarters," the British tabloid Daily Mail reported that the company is "on the verge of a mega...
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Market Wrap For May 12: Dow And S&P Close At Record Highs
Monday, May 12, 2014 - 4:37pm | 2248Read More...U.S. stocks rose as both the Dow and S&P 500 indices closed at record highs. With over 90 percent of S&P 500 companies reported earnings, investor focus has shifted to renewed merger and acquisition activity that provides a higher level of confidence that the economy is expanding. The...
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Seven Consumer Goods Stocks Analysts Are Bullish On For 2014
Monday, December 23, 2013 - 7:53am | 964Read More...Markets have had a heck of a year. The unemployment rate has ticked down and the uncertainty about when the Fed's quantitative easing will begin to taper is over. And the prospects for Europe and China are looking better. Though analysts do not expect another banner year for stocks, and some...
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Nine Dividend Payers Up More Than 20% in Six Months
Tuesday, August 16, 2011 - 9:31am | 934Read More...So maybe you got out of the market when things got crazy, and you are looking to put a toe back in the water now that stocks have largely rebounded. Or perhaps you have been riding out the volatility but thinking you ought to diversify a little more. Well, here is a quick look at some options. They...
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Five Stocks for John Lennon
Wednesday, June 22, 2011 - 2:09pm | 303Read More...On this day in 1981, Mark David Chapman pled guilty to killing John Lennon. Thankfully, his punishment meant that he was never able to shoot down another musical genius. It didn't help the Beatles though. It could be argued that Ringo Starr never recovered, at one point narrating the “Thomas the...
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Six Tobacco Stocks Near 52-Week Highs
Thursday, June 2, 2011 - 3:37pm | 793Read More...Investors looking for a defensive play, and who don't have an issue with so-called sin stocks, might be considering tobacco stocks about now. By and large, tobacco stocks continue to perform strongly, despite years of lawsuits, taxation and general disdain from the public. And some of them have the...
