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$69B Tobacco Giant Supports Cannabis With $91M Investment In Toronto Weed Producer
Monday, November 6, 2023 - 9:35am | 942Canadian cannabis company Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) announced on Monday a CA$124.6 million ($91.2 million) follow-on strategic equity investment from BT DE Investments Inc., a wholly-owned subsidiary of tobacco giant British American Tobacco p.l.c (BAT) (LSE: BATS) (NYSE:...
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BAT Invests $175.7M In Organigram To Work On Next-Gen CBD Products
Thursday, March 11, 2021 - 12:10pm | 304Tobacco giant British American Tobacco PLC (NYSE: BTI) opted to invest CA$221 million ($175.7 million) in OrganiGram Holdings Inc (NASDAQ: OGI) The company agreed to purchase some 58.3 million shares of Organigram's subsidiary at CA$3.792 each, representing a 19.9% equity interest. The...
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YouTube Star MrBeast's Fans Can Now Tip Him In Cryptocurrency
Thursday, January 7, 2021 - 4:17am | 332Jimmy Donaldson, better known as MrBeast among his fans, now has a verified Brave browser account, which gives his more than 50 million subscribers on Alphabet Inc’s (NASDAQ: GOOGL) (NASDAQ: GOOG) video platform YouTube exposure to the BAT cryptocurrency. What Happened: Mr....
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Why This New ETF Found Rapid Success
Friday, January 13, 2017 - 10:30am | 549Nearly 250 new exchange-traded products debuted last year, highlighting issuers' affinity for testing the waters with new concepts in an effort to gain investors' assets. As is the case with each year's crop of new ETFs, few of 2016's rookie ETFs were immediately successful. Success...
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Trump Presidency Has Big Implications For British American Tobacco-Reynolds Merger
Wednesday, January 11, 2017 - 12:10pm | 285British American Tobacco PLC (ADR) (NYSE: BTI)'s pursuit of acquiring the remaining 58 percent of Reynolds American, Inc. (NYSE: RAI) it doesn't already own remains ongoing. The pursuit began prior to the U.S. election, but President-elect Donald Trump's win has major implications for the deal....
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Is Reynolds Just Flirting With British American Tobacco? Takeover Rejection Amid Deal Optimism
Tuesday, November 15, 2016 - 9:11am | 273British American Tobacco PLC (ADR) (NYSE: BTI) picked an ideal time back in October to acquire the remaining stake in Reynolds American, Inc. (NYSE: RAI) it already didn't own. The only problem is Reynolds rejected the offer on Monday. Reynolds stock lost close to 1 percent on Monday but was...