Streetbeat News

Acquisitions Mergers

GV

Visionary Holdings Inc. (NASDAQ:GV) has signed a Memorandum of Understanding with Saudi Arabia's Public Investment Fund (PIF) for a $120 million investment. This partnership aims to support Visionary's projects in AI, education, and real estate, and is expected to boost the company's market value and industrial expansion.

Portfolio Pulse from Lekha Gupta

September 12, 2024 | 2:58 pm

MNTX

Manitex International shares surged following the announcement of its acquisition by Tadano for $5.80 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 2:53 pm

GEVO

Gevo's stock is rising following its announcement of a $210 million acquisition of Red Trail Energy's ethanol production plant and carbon capture and sequestration assets.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 2:50 pm

BYDDF

BYD's investment in Turkey is progressing well despite China's advisory against overseas investments. Turkish Industry Ministry sources confirm ongoing talks with other Chinese carmakers for further investments in Turkey.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 2:33 pm

OBLG

Oblong Inc. (NASDAQ:OBLG) shares surged after the company regained compliance with Nasdaq's minimum bid price requirement, avoiding delisting. The company is exploring M&A opportunities to enhance growth.

Portfolio Pulse from Vaishali Prayag

September 12, 2024 | 2:32 pm

PLNH

Planet 13 Holdings Inc. is expanding its presence in Nevada by acquiring a Las Vegas-based cannabis dispensary for $6.9 million. This acquisition is part of their strategy to increase scale and profitability in Nevada. The deal includes a medical and recreational license and is expected to close after regulatory approvals. Planet 13 is also expanding in Florida, with plans to open more stores by 2024.

Portfolio Pulse from Jelena Martinovic

September 12, 2024 | 2:24 pm

AFCG

IIPR

REFI

SUNS

Advanced Flower Capital Group (NASDAQ:AFCG) is poised to benefit from a $1.7 billion demand for cannabis loans due to new laws. The company, a leading lender in the cannabis sector, has spun off its commercial real estate assets to focus on cannabis-related loans. AFCG's strong financial position, high yield-to-maturity rates, and attractive dividend yield make it a compelling investment. The company is well-positioned for growth with access to over $100 million in capital and a strategic focus on lending to operators in limited-license states.

Portfolio Pulse from Nicolás Jose Rodriguez

September 12, 2024 | 2:09 pm

GTBIF

SAM

Green Thumb Industries Inc. has secured a $150 million credit facility to strengthen its balance sheet and retire existing debt. The company plans to use the funds to invest in brand building and the future of cannabis in America. Additionally, there are rumors of a potential merger with Boston Beer, which could reshape the cannabis and beverage sectors.

Portfolio Pulse from Jelena Martinovic

September 12, 2024 | 1:57 pm

GV

Visionary Holdings Inc. (NASDAQ:GV) has signed an MOU with Saudi Arabia's Public Investment Fund, securing a $120M investment to support various projects, including debt replacement and real estate redevelopment. The partnership will also focus on high technology, life sciences, and AI education.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 1:42 pm

YGMZ

MingZhu Logistics shares fell after the company announced the termination of its proposed acquisition of Oxylus Global. The decision was mutual, and MingZhu will explore alternative options.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 1:26 pm