The chief executive officer of CanniMed Therapeutics Inc. says two supervisors launched a covert campaign to market the medical cannabis manufacturer after they and the rest of the board agreed to engage in a deal that would place it for the recreational marijuana marketplace. (Jeffrey Jones and Christina Pellegrini, for readers)
Richard Carleton can not help but laugh when he is asked: “In 2014, how much did you know about marijuana?” The question is not about eating, but it still catches him off guard. An attorney by training, Mr. Carleton, 57, has spent years building a career in the financial exchange industry. Today, he conducts the Canadian Securities Exchange (CSE), a stock exchange for early-stage businesses. (Christina Pellegrini, for readers)
Onex Corp. says it has agreed to acquire a U.S. firm that manages hundreds of sports, entertainment and business venues including Soldier Field, home to the NFL’s Chicago Bears.
CanniMed Therapeutics is seeking regulatory actions in both Saskatchewan and Ontario, the organization’s most recent push back against a hostile takeover attempt by Aurora Cannabis.
Shares in Canadian Solar Inc. climbed Monday after the company revealed it has received a non-binding takeover offer from its chairman, Shawn (Xiaohua) Qu, who’s also CEO and president.
While the process may take weeks, Brookfield Property Partners LP is very likely to be ultimately successful in its bid to take over the part of mall operator GGP Inc. it does not already own, said the chief executive officer of Brookfield’s parent company. (for subscribers)
Canada’s Fairfax Africa Investments Proprietary Ltd won’t proceed with a plan to purchase 23 percent of cement producer PPC for two billion rand ($188.36-million), the South African firm said on Monday. (for subscribers)
Activist investor Elliott Management Corp said on Monday that NXP Semiconductors NV is worth $135 per share on an intrinsic standalone basis, more than the $110 Qualcomm Inc has offered to get the company. (for subscribers)
Apple Inc. on Monday confirmed it had reached a deal to obtain Shazam Entertainment Ltd, the U.K.-based program which allows users identify songs by pointing a wise phone at the sound source.
FINANCIAL SERVICES WRAP
HSBC drew a line under its punishment for lapses in anti-money laundering controls on Monday, saying the U.S. Department of Justice (DoJ) would finish its deferred prosecution agreement, raising the threat of additional penalties.
WHAT WE’RE READING
Gay on Wall Street: An Investigation
Courtesy: The Globe And Mail