The poor must be included in SA s cannabis industry boom, says Cosatu georgeherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from georgeherald.com Daily Mail and Mail on Sunday newspapers.
Another busy week in cannabis saw the stock market post generalized losses, as
Amazon.com Inc. (NASDAQ:AMZN) came out in support of the federal legalization of marijuana, announcing it will drop marijuana testing requirements for some of its workers.
Dave Clark, CEO of Amazon’s worldwide consumer division, said in a blog post that the e-commerce giant will actively support the Marijuana Opportunity Reinvestment and Expungement Act of 2021 (MORE Act), which would decriminalize marijuana at the federal level. The bill was reintroduced in Congress last Friday.
Canopy Growth Corporation (TSX:WEED) (NASDAQ: CGC) reported its fourth quarter and fiscal year 2021 earnings with a net loss for the year amounting to CA$1.7 billion ($1.41 billion), representing a CA$283 million wider loss versus FY 2020.
Highlands Investments benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
javierhasse Author Profile benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Goodleaf Company is merging with
Highlands Investments in a deal valued at almost R650 million ($50 million), Benzinga has learned exclusively ahead of an official announcement.
The combination of Goodleaf, the leading retail brand in South Africa, and Highlands, formerly
Canopy Growth (NASDAQ:CGC)
Africa, will result in the creation of the largest vertically integrated cannabis operation in Africa. The combined entity boasts more than $25 million in investments in the continent to date.
Under terms of the deals, shareholders of Highlands Investments will own 35% of the combined entity, while Goodleaf stockholders will own a 65% stake.
“We are delighted to have successfully concluded this merger, and in doing so created Africa’s first truly seed-to-sale offering,” said Warren Schewitz, founder and CEO of Goodleaf. “It has always been our intention to create a world-class global brand, and as we achieve scale, it is essential to ensure we have access to high-quality s