- MINISO Group Holding Limited (NYSE:MNSO) board of directors authorized and approved a new share repurchase program.
- Under the program, the company is authorized to repurchase up to $100 million of its shares over a period of 12 months starting September 29, 2022.
- The company expects to fund the repurchase from surplus cash on its balance sheet.
- The company held $870.1 million in cash and equivalents as of June 30, 2022.
- Price Action: MNSO shares are trading lower by 4.52% at $4.65 on the last check Thursday.
What Do You Do With Five Hundred Tons Of Surplus Weed? Cannabis Producers Have An Oversupply Problem
When Canada became the second country in the world, after Uruguay, to legalize cannabis, weed companies were viewed as pioneers in “the green frontier.” Their stocks and their fortunes soared. They suddenly became rock stars.
