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14 deadline for institutional money managers with at least $100 million in assets under management to file Form 13F with the Securities and Exchange Commission (SEC). A 13F allows investors to see which stocks Wall Street's most-prominent and successful asset managers purchased and sold during the previous quarter.
In 2018, Canada legalized marijuana, and over the past 10 years or so, many U.S. While stopping short of legalization, it's a big step that will ease the tremendous tax burden on U.S. With its coffers buffered with cash, management then redeployed that cash into various assets. Canadian operator SNDL Inc. However, U.S.
Cannabis has been fully legal in Canada for several years. The net loss was CA$42 million, compared to CA$2 billion in the comparable quarter a year ago, when it recorded significant asset impairment write offs. Federal legalization, however, is a long shot. cannabis market to drive growth. Canopy is working with several U.S.
After Canada legalized adult uses of cannabis in 2018, investors rushed to invest in pot companies, expecting many other countries in the Western hemisphere to follow suit and anticipating excellent returns from the sector. Several surveys have shown that a majority of Americans now support legalization.
Over the past three years, its total assets rose by 130%, reaching $4.3 Anyone who buys the stock today is banking on those assets being operable for the sake of profitable growth once the cannabis market isn't as swamped with cheap marijuana. Cannabis legalization is sweeping over North America – 19 states plus Washington, D.C.,
The company hasn't increased its payment every year, but it has grown the payout at a 6% compound annual pace since 2018. Drilling down into the deal Williams has agreed to buy a portfolio of natural gas storage assets from Hartree Partners for nearly $2 billion. It currently yields an attractive 5.1%, well above the S&P 500 's 1.5%
billion largely as a result of write-downs of $934 million for asset impairments. Cannabis legalization is sweeping over North America – 19 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.
Benefits Canada reports world's 500 largest asset managers’ AUM up 12.5% in 2023: The world’s 500 largest asset managers’ assets under management increased by 12.5 per cent) and fixed income (29 per cent) remained the dominant asset classes for institutional investors. Asset managers located in the U.S.
They're a required filing for institutional investors with at least $100 million in assets under management -- and Buffett is overseeing a 43-stock, $317 billion portfolio. Prior to July 2018, Buffett and his right-hand man Charlie Munger, who passed away last November, had their hands tied when it came to buybacks.
A starting shot signaled the beginning of a long race on May 14, 2018. Supreme Court ended the federal ban on sports gambling , allowing states to decide for themselves whether to make sports gambling legal for their residents. These numbers don't factor in momentum around sports betting legalization in new markets either.
Ripple (CRYPTO: XRP) currently sits 85% below its peak price, which was set in January 2018. But at a market cap of $32 billion, this remains on the radar of digital asset investors hoping for things to turn around. Its legal battles aren't finished yet. Not all cryptocurrencies are benefiting as much.
Although the name is pretty innocuous, this REIT is focused on owning marijuana-related assets. The legal status of marijuana is a bit up in the air, which is the risky aspect here. But the legal marijuana market has been growing and is actually projected to overtake the beer and spirits sectors, size-wise, by 2028.
Meanwhile, the company's growth has tapered off, and Canopy Growth has gone from seeking out expansion opportunities within Canada to now transitioning to an "asset-light" model, all in an effort to curb spending. legalizes marijuana, Canopy Growth's business will take off, the stock will soar, and everything will be great again.
from January 2018, and is currently trading for a paltry $0.56. So here's the big picture: If XRP can put its legal and regulatory headaches behind it once and for all, it can get back to business as usual. Right now, Ripple has three primary businesses: cross-border payments, digital asset custody, and stablecoins.
It also, for a REIT, has a low level of debt, with 12% debt to total gross assets. The company's quarterly report also didn't reflect any boost it might get from the legalization of adult recreational-use sales in Maryland, where the company has four dispensaries. The company reported net income of $13.4 million, or $0.05
Whether Amazon is monopolistic in the legal sense of the word, it's certainly big enough to look like one. Just for the sake of argument, however, let's say the FTC's suit gets legal traction. That's why Amazon launched a homegrown delivery service in 2018. Amazon has been under regulatory and legal scrutiny before and survived.
But there are under-the-radar digital assets to also be mindful of, such as XRP (CRYPTO: XRP). But it currently is 86% off its peak from January 2018. This could be the beginning of years of legal battles, adding lots of uncertainty. This innovative cryptocurrency has performed well since its inception more than a decade ago.
Securities and Exchange Commission announced that it charged BlackRock – the largest money manager in the world, with nearly $10 trillion in assets – for failing to properly disclose to its customers $75 million of investments it made in the entertainment industry. This week, a curious press release came through the Power Corridor inbox.
That's up from a trough of approximately 39% in November 2022 and an even steeper drop to 32% in January 2018. Bitcoin may simply solidify its status as a "digital gold" and a safe-haven asset, attracting conservative investors and institutions during times of market uncertainty.
During the boom of the Canadian cannabis market after the country legalized recreational marijuana in late 2018, it built out a smorgasbord of product lines and brands while capturing as much market share as possible via cultivation facilities and retail outlets.
They accomplish this (legally) by using some of the most effective tax breaks available in the U.S. Instead, their wealth is tied up in stock and other assets. Pass-through income As part of the Tax Cuts and Jobs Act, which went into effect in 2018, pass-through income (such as from an LLC or partnership) gets a 20% tax deduction.
He kicked off the Morgan Creek Digital subsidiary in 2018, focusing on new technology ideas such as blockchain coins, big data, and artificial intelligence. The regulatory system for crypto ownership is evolving, driven by several high-profile legal challenges and the ramifications of crypto scams like the rickety FTX exchange.
Leading investors in the recap included a Stonepeak managed vehicle anchored by Mercer and Aware Super, and direct investments from the Investment Management Corporation of Ontario (“IMCO”) and APG Asset Management (“APG”). UBS and Baker McKenzie acted respectively as financial and legal advisors to APG.
Leading investors in the recap included a Stonepeak managed vehicle anchored by Mercer and Aware Super, and direct investments from the Investment Management Corporation of Ontario (“IMCO”) and APG Asset Management (“APG”). UBS and Baker McKenzie acted respectively as financial and legal advisors to APG.
The Canada-based cannabis slinger's shares closed the day more than 7% higher, after the company announced an asset sale. This is the seventh in a series of asset divestments for Canopy Growth, with all of the deals combined totaling roughly $115 million. Asset sales can only go so far in helping improve its business.
Tilray Brands, like nearly all licensed marijuana cultivators in Canada, hasn't had an easy time since the legalization of adult-use recreational cannabis in the country back in 2018. But is this Anheuser-Busch asset deal a needle mover for the company? cannabis market upon federal legalization.
The regulatory challenge Canada legalized recreational use of cannabis for adults in 2018, a move that attracted a bit of a gold rush. It's hard to find a single cannabis stock that has delivered decent returns since 2018. Though the country recently legalized some recreational uses of cannabis, there will be no retail stores.
side of the border with a Nasdaq listing in 2018; not coincidentally, that's the year its native government kicked off the inaugural phase of marijuana legalization. Tilray was a popular stock in that first flush of excitement, at a point when the early optimism on legal pot was thick and heavy. Meanwhile, in the U.S.,
GenNx360 Capital Partners (“GenNx360”), a New York -based private equity firm investing in middle market business services and industrial companies, announced today that it has completed a single-asset secondary market transaction to continue its partnership with Precision Aviation Group (“PAG” or the “Company”).
A 13F is a required quarterly filing for institutional investors with at least $100 million in assets under management that provides a detailed snapshot of what they've been buying, selling, and holding. Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool. During Q4, Buffett green-lit the repurchase of $2.15
Hopes of marijuana legalization in the U.S. On top of that, Canopy Growth has also incurred impairment charges related to its assets. The company has burned through billions in cash Beer company Constellation Brands in 2018 said it was investing $4 billion in Canopy Growth. Where did it all go wrong for Canopy Growth?
Before Canada legalized marijuana in 2018, Canopy Growth (NASDAQ: CGC) was seen as a top cannabis stock, an industry leader, and arguably one of the best stocks to invest in for people who were bullish on the prospects for marijuana reform at the time. It wouldn't result in legalization, however. based cannabis companies.
US middle-market private equity firm Vestar Capital Partners has closed a $1.2bn single-asset continuation vehicle for its stake in Circana, a global consumer behaviour adviser, with Blackstone Strategic Partners and HarbourVest Partners acting as lead investors in the transaction.
Share prices of industrial giant 3M (NYSE: MMM) are down more than 50% from their 2018 highs. Numerous issues have led to this decline, but the really big ones involve legal issues. The other headwind for the stock has been legal. First, it will protect the division from the legal issues facing the rest of the company.
Following completion of the latest stake sale, Partners Group, who you can meet at the DACH Private Equity Conference, will have fully exited from the original 45% stake it acquired in June 2018. Partners Group sold a 20% stake to Swiss Life Asset Managers in November 2022 and 15% to funds managed by Nuveen Infrastructure in July 2023.
Revelstoke Capital Partners, a Denver-based private equity firm with $5.8bn of assets under management, announced today that it has completed the successful fundraising for Revelstoke Capital Partners Fund III, and various affiliated investment vehicles totalling $1.7bn. Since 2018, the firm has raised $3.7 Houlihan Lokey Capital, Inc.
Energy market participants worldwide rely on Energy Exemplar’s platform to optimize decision-making across both new asset development and existing operations. Energy Exemplar has grown at 30% CAGR since 2018 and currently serves over 500 customers in 79 countries.
In the same period last year, Canopy Growth incurred asset impairment and restructuring charges totaling more than CA$1.7 Cannabis legalization is sweeping over North America – 19 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.
The investment in Calpine was made in 2018 through a co-investment with Energy Capital Partners (ECP) and Access Industries. CPP Investments holds a 15.75% ownership position in Calpine through a co-investment made alongside Energy Capital Partners (ECP) and Access Industries in 2018. billion in Constellation stock.
We therefore apply an asset-based/breakup valuation for Canopy, where we find a net asset value of zero after accounting for the Company's substantial debts," Collin said. Cannabis legalization is sweeping over North America – 19 states plus Washington, D.C., And make no mistake – it is coming.
billion in 2018, but online betting, made possible after a 2018 Supreme Court ruling, changed the game. Importantly, DraftKings has brand recognition among sports fans from fantasy sports and can leverage that as more states legalize aspects of betting. That figure was just $4.6 Is betting not your thing? No problem.
Both Blackstone and HSM have stated they will legally defend this right, effectively cautioning against any attempts to terminate the management contract. Concord also intends to sell up to 30% of Hipgnosis’ assets within 18 to 24 months of completing the acquisition. This increased offer represents a rise of approximately 7.8%
Blackstone purchased the hotel in 2018 for $332 million and subsequently invested significant capital in renovations. Eastdil Secured, Jones Lang LaSalle and Sumitomo Mitsui Banking Corporation (SMBC) are acting as Blackstone’s financial advisors, and Simpson Thacher & Bartlett LLP is serving as Blackstone’s legal counsel.
On a BEIA basis, which stands for "before exceptional items and amortization of acquisition-related intangible assets," which is akin to non-GAAP (adjusted) figures given by U.S. billion investment in China Resources Beer, an investment Heineken made in 2018. The company also took a big impairment charge on a China investment.
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