Page 41 - Irwin Simon News Today

Every time Irwin Simon buys a new company or brand, his barber gets upset.  “I’m very superstitious,” said Simon, chief executive officer of Tilray Inc. “During a deal, I never get a haircut.”  Depending on how the next few years go, the 63-year-old executive might have a hard time staying well-coiffed if deal activity in the fast-paced cannabis sector continues to heat up. Simon â€“ who in previous roles sold everything from diet drinks to free-range org...

Dive Brief: Boston Beer Co. is creating a subsidiary that will oversee research and innovation into nonalcoholic cannabis beverages. Located in Canada, where cannabis use is legal, the company will develop and test products as it watches regulatory developments in the United States and worldwide.  The company has hired Paul Weaver as director of cannabis to oversee the innovation hub. Weaver is the former director of innovation for Canopy Growth and also served more than six years at Molson...

Welcome to Insider Cannabis, where we're bringing you an inside look at the deals, trends, and personalities driving the multibillion-dollar cannabis boom.

Around the house: former GC for The New Yorker moves to Ballard Spahr 13 May 2021 Around the house: former GC for The New Yorker moves to Ballard Spahr This weeks round of in-house appointments also sees ride-hailing giant Grab name a Skadden partner GC as it gears up for a record-setting SPAC merger Former  First Look Media GC joins Ballard Spahr  Noted First Amendment attorney Lynn Oberlander, whose CV includes the GC spot at The New Yorker and First Look Media, has begun a ro...

Tilray Tilray and Aphria closed a $4 billion mega-merger last week. The vote was delayed because the companies struggled to get retail shareholders to show up and vote. Tilrays CEO Irwin Simon said its a new challenge for M&A in cannabis and other industries. Irwin Simon knows a thing or two about putting together deals. As the founder and CEO of Hain Celestial from 1993 to 2018, he pursued 55 acquisitions as he built up the health foods and supplements company, ga...

Last week,  Tilray (NASDAQ:TLRY) and Aphria formally merged to form a new company. It instantly became the industry leader in the Canadian pot market. Their annual pro forma revenue when they announced the deal in December 2020 totaled 874 million Canadian dollars, which is 73% higher than the CA$506 million that industry giant Canopy Growth generated over its last four quarters.  And with a presence in multiple countries, there are many more markets that Tilray can turn to in order to gene...

Pot Users Splurge on $800 Bongs as Stigmas Fade May 10 2021, 8:57 PM May 10 2021, 4:30 PM May 10 2021, 8:57 PM (Bloomberg) -- Cannabis accessories are getting the luxury treatment, from $800 bongs designed by artists to $600 bespoke tabletop lighters and $300 vanity trays. (Bloomberg) -- Cannabis accessories are getting the luxury treatment, from $800 bongs designed by artists to $600 bespoke tabletop lighters and $300 vanity trays. These upscale products are catching on as stigmas around marij...

May 10, 2021 09:35 pm By Chloe Aiello Share with Florida-based cannabis company Trulieve has entered into an agreement to acquire fellow multistate operator Harvest Health and Recreation for a whopping $2.1 billion. The transaction is the biggest ever in U.S. cannabis, according to the companies. "Todays announcement is the largest and most exciting acquisition so far in our industry, creating the most profitable public multi-state operator. Importantly, our companies share similar customer val...

David George-Cosh, BNN Bloomberg VIDEO SIGN OUT How pot producers are able to play in Ontarios highly-regulated retail market What do the Edmonton Oilers have in common with Canadas latest multimillion-dollar pot deal? More than you think. Sundial Growers Inc. made waves earlier this week when it announced a deal to buy Inner Spirit Holdings Inc., Canadas biggest pot retail chain with 86 Spiritleaf stores across the country, for about $131 million. The deal puts the Alberta-based...

Author Bio Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years. When he isn’t writing, he is usually out for a run, or relaxing to the music of the Grateful Dead. What happened Canadian cannabis company Tilray (NASDAQ:TLRY) hasnt reported first quarte...