Canopy Growth Climbs, Completes Acquisition of Ace Valley
Ontario-based Ace Valley specializes in pre-rolled and pre-packaged cannabis products.
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Shares of Canadian cannabis company Canopy Growth Corp. (
CGC) - Get Report were rising in morning trading Thursday after it announced the completion the acquisition of 100% of AV Cannabis, one of Ontario s leading cannabis brands.
Ace Valley provides a line of pre-rolled and ready-to-enjoy cannabis products that have a foothold with millennial and Gen Z consumers. The team at Ace Valley has built a premium cannabis brand, with an impressive consumer following and we re excited to deploy the full distribution power of Canopy Growth to expand the brand to consumers across Canada, said Canopy CEO Rade Kovacevic.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Hemisphere Media Group Acquires Leading U.S. Hispanic Subscription Video-on-Demand Service Pantaya
April 1, 2021 GMT
MIAMI, April 1, 2021 /PRNewswire/ Hemisphere Media Group, Inc. (NASDAQ: HMTV) (“Hemisphere” or the “Company”), the only publicly traded pure-play U.S. media company targeting the high growth U.S. Hispanic and Latin American markets with leading broadcast and cable television and digital content platforms, today announced that it has acquired the remaining 75% stake of Pantaya, the leading U.S. Hispanic Subscription Video-on-Demand Service for approximately $124 million in cash from Lionsgate. Prior to the transaction, Hemisphere owned 25% of Pantaya, and as a result of the transaction, will own 100% of Pantaya.
Press release content from Business Wire. The AP news staff was not involved in its creation.
indie Semiconductor CEO Appears on CNBC’s Mad Money
April 1, 2021 GMT
ALISO VIEJO, Calif. (BUSINESS WIRE) Apr 1, 2021
indie Semiconductor, an Autotech solutions innovator which is currently in the process of becoming a public company through a planned merger with Thunder Bridge Acquisition II, Ltd. (Nasdaq: THBR), a special purpose acquisition company, announced that Donald McClymont, its CEO and co-founder, was interviewed by Jim Cramer on CNBC’s Mad Money which aired on March 31, 2021. Cramer and McClymont discussed Autotech dynamics and how indie is positioned to capitalize on the strategic market opportunity.
Thursday, April 1, 2021
OVERVIEW
On 26 March 2021, the European Commission (Commission) published new guidance on the application of the EU upward case referral system (Guidance), pursuant to which EU Member States can ask the Commission to review transactions. This announcement was made in the context of an ongoing review of the procedural and jurisdictional aspects of the EU merger control regime.
The Guidance follows earlier statements made by the Commission’s Executive Vice-President and Commissioner for Competition, Margrethe Vestager, who had announced in September 2020 that the Commission will introduce a policy to start accepting referrals of transactions from EU national competition authorities (NCAs) that do not meet the national merger control thresholds.