Streetbeat News

Acquisitions Mergers

LEEEF

LEEF Brands, Inc. (OTC:LEEEF) (CSE:LEEF) has entered escrow for the acquisition of a 1,900 acre ranch in Santa Barbara County, related to its $7.0 million financing and transaction Salisbury Canyon Ranch LLC. The acquisition is part of the company's strategic plan to develop one of the largest biomass cultivation sites in California.

Portfolio Pulse from Vuk Zdinjak

August 04, 2023 | 1:37 pm

PLSH

Panacea Life Sciences Holdings, Inc. (OTCQB:PLSH) intends to acquire Sierra Sage Herbs and Halucenex from Melodial Global Health. Sierra Sage has a wide distribution network across the US, including Whole Foods, Walmart, Amazon, and others. Halucenex is a life sciences development company focusing on researching novel psychedelic compounds. The acquisition will be based on 1X trailing 12 months audited sales of Sierra Sage, with a projected $2.0 million of the purchase price payable in cash and the balance in restricted common stock.

Portfolio Pulse from Vuk Zdinjak

August 04, 2023 | 1:30 pm

GENQ

Environmental Solutions Group Holdings Limited (ESA Holdings) and Genesis Unicorn Capital Corp. (GENQ) have announced the successful closing of their previously announced business combination. The combined company, named ESGL Holdings Limited, will begin trading on the Nasdaq under the ticker symbol 'ESGL' on August 4, 2023. The company aims to recycle industrial waste into circular products using innovative technologies and renewable energy.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:21 pm

IONM

Assure Holdings Corp. (NASDAQ:IONM) has acquired certain assets of Innovation Neuromonitoring, LLC for approximately $1.2 million in a cash and equity transaction. The acquisition is expected to help Assure scale its operations and increase value for its shareholders.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:19 pm

ADP

ADP has acquired Honu HR, Inc., also known as Sora. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:19 pm

CCK

Crown Holdings, Inc. (NYSE:CCK) has announced the acquisition of Helvetia Packaging AG, a beverage can and end manufacturing facility in Saarlouis, Germany. The acquisition will expand Crown's European beverage can platform to Germany with approximately one billion units of annual can capacity. The transaction is subject to approval by German anti-trust authorities and is expected to be completed by the end of 2023.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:18 pm

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SNDL

XXII

Shawn Collins, the head of Massachusetts cannabis regulator, is set to step down by the end of the year, causing concerns within the commission. Maryland Governor Wes Moore has enlisted experts to assess the health impact of cannabis as sales surge in the state. Shareholders of Planet 13 Holdings, SNDL Inc., and Agra Ventures have elected new board members. Cresco Labs and Columbia Care have terminated their merger agreement, with Columbia Care announcing senior leadership changes. 22nd Century Group has appointed John Miller as interim CEO, and New Leaf Ventures has named Dean Medwid as CEO following the resignation of Michael Stier.

Portfolio Pulse from Jelena Martinovic

August 04, 2023 | 1:18 pm

HHGC

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HHG Capital Corporation (HHGC) has announced a definitive merger agreement with Perfect Hexagon Group Limited (PH), a commodity trading company. The merger, expected to be completed in Q4 2023, will result in PH becoming a publicly listed company on NASDAQ under the symbol 'PHGL'. HHGC, which currently holds approximately $35 million of cash in trust, will combine with PH. The transaction is subject to approval by HHGC's and PH's shareholders, the SEC, and the Nasdaq Stock Market.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:17 pm

MMP

Magellan Midstream has updated its 2023 financial expectations, increasing its annual stand-alone DCF expectations by $40 million to $1.26 billion. This is due to higher-than-expected performance in Q2 and an improved outlook for commodity-related activities. The company estimates net income per unit to be $5.05 for 2023, with Q3 net income expected to be $1.15 per unit. The company is confident that its pending merger with ONEOK will close before year-end.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:16 pm

CURO

CURO Group Holdings has announced its plans to sell Flexiti for approximately C$55 million.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:13 pm