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Global Weed Business: Flora Buys Australian Vaporizers As IM Cannabis Doubles Down On Germany

Lifeist Wellness Inc. (TSXV: LFST) (FRANKFURT: M5B) (OTCMKTS: LFSWF) said on Wednesday the sale of Australian Vaporizers Pty Ltd., its wholly owned Australian subsidiary to Flora Growth Corp. (NASDAQ: FLGC).The sale, first announced in September 2023, was wrapped up through a share purchase agreement, under which Lifeist has sold the issued and outstanding shares of Aussie Vapes to Flora, for roughly CA$900,000 ($658,439). The sum is payable by Flora issuing from treasury to Lifeist 550,000 of its common shares.In the meantime,

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Nasdaq 100 Reaches Record Highs, Service Sector Strength Alleviates Economic Slowdown Concerns, Magnificent 7 Hits $15 Trillion Valuation: What’s Driving Markets Wednesday?

Wall Street rallied Wednesday as the services activity gauge indicated a stronger-than-expected expansion in May, pushing back fears of an economic slowdown which surfaced in recent days.

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Snowflake CEO Targets AI Acquisitions To Boost Growth: Report

Snowflake Inc's new CEO, Sridhar Ramaswamy, is focusing on AI acquisitions to compete with rivals like Databricks and major cloud companies. Despite failing to purchase Reka AI, Snowflake is integrating AI talent, including 35 employees from TruEra. Ramaswamy aims to boost revenue growth through strategic AI investments, crucial as sales growth slows.

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