Scorpio Tankers Sets Sail: Sell, Buy, Aand Trim Debt In Strategic Maritime Moves
Scorpio Tankers Inc sells MR product tanker for $39.1M and exercises purchase options for 5 ships, expected to reduce $61.1M in debt.
Toronto Weed Producer Seals Deal For Over $100M In Annual Revenue As RWB Finalizes Aleafia Health Buyout
Red White & Bloom has completed its acquisition of Aleafia Health and its subsidiaries, RWB Canada has obtained Aleafia Health's intellectual property assets and purchased shares in the companies Emblem Cannabis, Aleafia Retail and Canabo Medical. It acquired 9.4% of One Plant from Aleafia and obtained shares, an 86-acre cultivation site in Port Perry, Ontario and a 65,000sq ft cultivation, processing and packaging facility in Paris, Ontario. In a press release RWB CEO Bradley R. Rogers said the acquisition "provides a clear and near-term path to combine our teams while rolling up strategic assets across Canada." RWB anticipates generating CA$140m ($105m) of annualized revenue across north American retail and distribution channels from the combination, with Colby De Zen, president of RWB, forecasting "annual synergies exceeding CA$12 million".
Thomson Reuters Acquires World Business Media Limited; No Financial Terms Disclosed
Thomson Reuters Corporation ("Thomson Reuters") (TSX:TRI), a global content and technology company, announced today that it has acquired World Business Media Limited, a cross-platform, subscription-based provider of
Marijuana Rescheduling, Stock Market Reactions: Analyst Insights On Who Wins & Possible Trump Election
The anticipated shift of cannabis to Schedule III marks a pivotal moment for U.S. cannabis companies.
Information Technology Company Synopsys Announces Acquisition of Ansys
Synopsys (NASDAQ:SNPS) has announced an acquisition of Ansys (NASDAQ:ANSS) that is expected to be completed 2025-H1. Under the…
Shell To Divest Nigeria Onshore Oil Business For $1.3B
In a strategic repositioning, Shell agrees to sell its SPDC entity to Renaissance, a consortium combining Nigerian energy expertise with global insights. Awaiting Nigerian Federal Government's nod, this sale aligns with Shell's focus on Deepwater and Integrated Gas sectors. Post-sale, Shell ensures continued support for SPDC JV facilities, crucial for Nigeria's LNG production, marking a new chapter in Nigeria's energy landscape under experienced Nigerian-led consortium leadership.
HEICO Subsidiary Acquires Exclusive License And Key Related Assets For Select Honeywell Display Product Lines; Financial Terms Not Disclosed
HEICO Corporation (NYSE:HEI) and (NYSE:HEI) today announced its Sunshine Avionics subsidiary entered into an exclusive license and acquired key assets from Honeywell International ("Honeywell") that will provide the
Puyi Announces $13M Investment From New Dragon For 4,224,000 Ordinary Shares Of Puyi At A Price Of $3.13/Share Or $4.70/ADS; New Dragon Will Hold ~1.1% Of Puyi’s Enlarged Outstanding Ordinary Shares
Puyi Inc. (NASDAQ:PUYI) ("Puyi" or the "Company"), a leading third-party wealth management services provider in China, today announced that Puyi and certain shareholders have reached share purchase agreements with New
Data Storage Corporation Announces Merger Of Its Subsidiaries, Flagship Solutions Group And CloudFirst
Data Storage Corporation (NASDAQ:DTST) ("DSC" and the "Company"), a provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT services, today announced that it
Worksport Ltd. Advances Toward COR Alpha Release: Purchases All Inventory Parts For Alpha Release Production; No Financial Terms Disclosed
Worksport Ltd. (NASDAQ:WKSP, WKSPW)))) ("Worksport" or the "Company") proudly announces that it has purchased the necessary inventory parts for the highly anticipated Alpha Release of its innovative COR Portable Energy