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OSLO (Reuters) - The Norwegian central bank said on Wednesday it had put Japan’s Kirin Holdings on a watch list for possible exclusion from its $1.3 trillion sovereign wealth fund over the beverage giant’s business ties to Myanmar’s military.
FILE PHOTO: An employee works at a beer production line at Japanese brewer Kirin Holdings factory in Toride, Ibaraki Prefecture, Japan July 14, 2017. REUTERS/Kim Kyung-Noon
Kirin on Feb. 5 said it would end its partnership with Myanma Economic Holdings Public Company Limited (MEHPCL), a company run by Myanmar’s army, after a military coup deposed the democratically elected government.
By Reuters Staff
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FILE PHOTO: A sign featuring Canopy Growth Corporation s logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018 .Picture taken January 4, 2018. REUTERS/Chris Wattie/File Photo
(Reuters) - Canopy Growth Corp on Tuesday launched its CBD-infused Quatreau sparkling water line in the United States, as it seeks to secure a firm footing in the country’s rapidly growing cannabis market ahead of expected reforms under President Joe Biden.
The company’s U.S.-listed shares, up 41% through Monday’s close, rose 1.5% in premarket trading on the Nasdaq.
After years of oversupply woes in Canada, cannabis producers are banking on the much larger U.S. market opening up soon as leading Democrats lend support to laws allowing easier banking access, decriminalization of marijuana and other favorable changes.
Canopy Growth Corp on Tuesday launched its CBD-infused Quatreau sparkling water line in the United States, as it seeks to secure a firm footing in the country's rapidly growing cannabis market ahead of expected reforms under President Joe Biden.
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Feb 23 (Reuters) - Ardagh Group SA said on Tuesday it will spin off its metal packaging business through a merger with a listed blank-check firm backed by billionaire Alec Gores, in a deal that values the new company at $8.5 billion.
The deal with Gores Holdings V will provide a total infusion of $3.4 billion to the spun-off company, financed by a combination of $2.3 billion of new debt, $600 million from new investors and the capital raised in Gores Holding V’s initial public offering of shares last year.
Luxembourg-based global packaging group Ardagh operates 56 metal and glass production facilities in 12 countries, employing more than 16,000 people, according to its website.