Breaking News Instant updates and real-time market news.

GGBXF

Green Growth Brands

$0.00 /

+ (+0.00%)

17:01
02/24/20
02/24
17:01
02/24/20
17:01

Green Growth to sell cannabidiol business to BRN Group

Green Growth Brands Inc. announced that The BRN Group Inc. has agreed to acquire the company's cannabidiol business. The company and an affiliate of BRN have executed a "stalking horse" asset purchase agreement in respect of the CBD Transaction pursuant to which the Purchaser will acquire all of the assets and assume the current liabilities and certain other obligations of the CBD Business. It is anticipated that the Company will hold up to a 20% carried interest in the CBD Business following completion of the CBD Transaction. In connection with the sale of the CBD Business and upon consummation of same, BRN intends to enter into a strategic advisory and services agreement for the CBD Business with an affiliate of Authentic Brands Group LLC. ABG is a brand development, marketing and entertainment company headquartered in New York City. Through the CBD Business, GGB sells CBD-infused personal care and beauty products, along with other categories, to consumers through mall-based kiosk shops, eCommerce and wholesale agreements under the Seventh Sense and Green Lily brands as well as other highly recognizable licensed brands. Pursuant to the terms of the Stalking Horse Agreement, the Company will sell the assets comprising the CBD Business and the Purchaser will assume the current liabilities and certain other obligations of the CBD Business. It is anticipated that the Company will hold up to a 20% carried interest in the CBD Business following completion of the CBD Transaction. The Stalking Horse Agreement includes a 30-day "go shop" period which permits the Company, with the assistance of its financial advisor, to actively solicit, evaluate and enter into negotiations with third parties that express an interest in acquiring the CBD Business. The go-shop period expires on March 25, 2020. The Stalking Horse Agreement also provides for other customary terms for an agreement of this type. A termination fee is payable to the BRN Group in the amount of US$750,000 plus customary expense and deposit reimbursement in the event the Stalking Horse Agreement is terminated by the Company during the Go Shop Period to enter into a superior proposal. The obligations of the Purchaser under the Stalking Horse Agreement have been guaranteed by BRN. In connection with the sale of the CBD Business and upon consummation of same, BRN intends to enter into a strategic advisory and services agreement for the CBD Business with an affiliate of ABG. The BRN Group is a privately held entity that focuses exclusively on the cannabis sector. See "Related Party Transactions and Financial Hardship". The Board of Directors has received an opinion from AltaCorp Capital Inc. to the effect that, as of the date of such opinion, the consideration provided for in the CBD Transaction is fair, from a financial point of view, to the Company, based upon and subject to the assumptions, limitations, qualifications and such other matters as AltaCorp considered relevant.

  • 24

    Feb

GGBXF Green Growth Brands
$0.00 /

+ (+0.00%)

02/14/20 Cantor Fitzgerald
Cantor initiates 10 cannabis names, sees opportunity after sellofff
02/13/20 Cantor Fitzgerald
Green Growth Brands initiated with an Underweight at Cantor Fitzgerald

TODAY'S FREE FLY STORIES

Recommendations
Gaming and Leisure deal with Penn positive for both, says Nomura Instinet » 05:59
03/30/20
03/30
05:59
03/30/20
05:59
GLPI

Gaming and Leisure Properties

$26.81 /

-0.77 (-2.79%)

, PENN

Penn National

$11.77 /

-1.515 (-11.40%)

Gaming and Leisure…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Periodicals
Production ramp-up for 5G iPhones at Apple suppliers postponed, Reuters reports » 05:58
03/30/20
03/30
05:58
03/30/20
05:58
AAPL

Apple

$247.74 /

-10.74 (-4.16%)

The production ramp-up…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Downgrade
Venator Materials downgraded to Neutral from Buy at Goldman Sachs » 05:55
03/30/20
03/30
05:55
03/30/20
05:55
VNTR

Venator Materials

$1.85 /

-0.22 (-10.63%)

Goldman Sachs analyst…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Downgrade
Livent downgraded to Neutral from Buy at Goldman Sachs » 05:52
03/30/20
03/30
05:52
03/30/20
05:52
LTHM

Livent

$5.30 /

-0.52 (-8.94%)

Goldman Sachs analyst…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Upgrade
Univar upgraded to Buy from Neutral at Goldman Sachs » 05:51
03/30/20
03/30
05:51
03/30/20
05:51
UNVR

Univar

$10.49 /

-1.04 (-9.02%)

Goldman Sachs analyst…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Initiation
GFL Environmental initiated with a Neutral at CIBC » 05:50
03/30/20
03/30
05:50
03/30/20
05:50
GFL

GFL Environmental

$14.95 /

-0.09 (-0.60%)

CIBC analyst Kevin Chiang…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Initiation
GFL Environmental initiated with an Outperform at Scotiabank » 05:49
03/30/20
03/30
05:49
03/30/20
05:49
GFL

GFL Environmental

$14.95 /

-0.09 (-0.60%)

Scotiabank initiated…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Downgrade
Eastman Chemical downgraded to Neutral from Buy at Goldman Sachs » 05:49
03/30/20
03/30
05:49
03/30/20
05:49
EMN

Eastman Chemical

$46.38 /

-1.75 (-3.64%)

, CE

Celanese

$71.26 /

-4.26 (-5.64%)

Goldman Sachs analyst…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Hot Stocks
ASML updates market on expected Q1 results, primarily related to COVID-19 impact » 05:48
03/30/20
03/30
05:48
03/30/20
05:48
ASML

ASML

$252.25 /

-24.66 (-8.91%)

ASML Holding provides an…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Upgrade
Celanese upgraded to Buy from Neutral at Goldman Sachs » 05:47
03/30/20
03/30
05:47
03/30/20
05:47
CE

Celanese

$71.26 /

-4.26 (-5.64%)

Goldman Sachs analyst…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Upgrade
Linde plc upgraded to Buy from Neutral at Goldman Sachs » 05:44
03/30/20
03/30
05:44
03/30/20
05:44
LIN

Linde plc

$167.18 /

-7.06 (-4.05%)

Goldman Sachs analyst…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Upgrade
Sherwin-Williams upgraded to Conviction Buy from Neutral at Goldman Sachs » 05:41
03/30/20
03/30
05:41
03/30/20
05:41
SHW

Sherwin-Williams

$461.17 /

-3.92 (-0.84%)

Goldman Sachs analyst…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Upgrade
Republic Services upgraded to Overweight from Neutral at JPMorgan » 05:38
03/30/20
03/30
05:38
03/30/20
05:38
RSG

Republic Services

$75.45 /

-2.14 (-2.76%)

JPMorgan analyst…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Hot Stocks
ING Group suspends dividend payment due to COVID-19 » 05:35
03/30/20
03/30
05:35
03/30/20
05:35
ING

ING Group

$6.04 /

-0.44 (-6.79%)

ING provided the…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Upgrade
Mondelez upgraded to Buy from Hold at Stifel » 05:35
03/30/20
03/30
05:35
03/30/20
05:35
MDLZ

Mondelez

$47.61 /

-0.93 (-1.92%)

Stifel analyst…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Hot Stocks
Regeneron, Sanofi announce first patient outside U.S. treated in Kevzara study » 05:33
03/30/20
03/30
05:33
03/30/20
05:33
REGN

Regeneron

$448.05 /

-4.26 (-0.94%)

, SNY

Sanofi

$42.47 /

-0.48 (-1.12%)

Regeneron Pharmaceuticals…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Initiation
GFL Environmental initiated with a Buy at Stifel » 05:31
03/30/20
03/30
05:31
03/30/20
05:31
GFL

GFL Environmental

$14.95 /

-0.09 (-0.60%)

Stifel analyst Michael…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Hot Stocks
Carbo Ceramics to be acquired by Wilks Brothers » 05:30
03/30/20
03/30
05:30
03/30/20
05:30
CRR

Carbo Ceramics

$0.00 /

+ (+0.00%)

CARBO Ceramics announced…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

Upgrade
Magellan Midstream upgraded to Buy from Underperform at BofA » 05:29
03/30/20
03/30
05:29
03/30/20
05:29
MMP

Magellan Midstream

$33.53 /

-0.92 (-2.67%)

BofA analyst Derek Walker…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Hot Stocks
International Paper agrees to sell Brazilian corrugated packaging business » 05:28
03/30/20
03/30
05:28
03/30/20
05:28
IP

International Paper

$30.60 /

-0.45 (-1.45%)

International Paper has…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Hot Stocks
Moderna provides update on COVID-19 impact » 05:27
03/30/20
03/30
05:27
03/30/20
05:27
MRNA

Moderna

$30.01 /

+2.1 (+7.52%)

Moderna provided an…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Downgrade
Polaris Industries downgraded to Market Perform from Outperform at BMO Capital » 05:26
03/30/20
03/30
05:26
03/30/20
05:26
PII

Polaris Industries

$47.25 /

-5.545 (-10.50%)

BMO Capital analyst…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Upgrade
NeoPhotonics upgraded to Overweight from Neutral at Piper Sandler » 05:23
03/30/20
03/30
05:23
03/30/20
05:23
NPTN

NeoPhotonics

$6.72 /

-0.045 (-0.67%)

Piper Sandler analyst…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Hot Stocks
AstraZeneca says FARXIGA reduced incidence of heart failure worsening » 05:23
03/30/20
03/30
05:23
03/30/20
05:23
AZN

AstraZeneca

$42.56 /

+0.26 (+0.61%)

New data from a…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Initiation
Cleveland-Cliffs reinstated with a Neutral at Goldman Sachs » 05:20
03/30/20
03/30
05:20
03/30/20
05:20
CLF

Cleveland-Cliffs

$3.79 /

-0.1 (-2.57%)

Goldman Sachs analyst…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.