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Several Debt Deals Coming, Top Banker Says: Cannabis Weekly

(Bloomberg) — Debt capital is finally becoming more widely available to cannabis companies, according to one of the biggest bankers to the industry.“You’re definitely going to see debt capital flow into the sector,” Dan Daviau, chief executive officer of Canaccord Genuity Group Inc., said in an interview at Bloomberg’s New York office last week. “That’s happening as we speak. You’ll see several debt deals announced over the next week or so.”Although debt-like forms of financing such as convertible debentures are common in the pot sector, very few companies have issued true corporate debt. Trulieve Cannabis Corp. and Green Thumb Industries …read more […]

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Takeover Bids Intensify for Just Eat Food App

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Prosus NV has raised its bid for U.K. food delivery firm Just Eat Plc as it tries to win over investors and beat out an offer from rival Takeaway.com NV.The technology investment company, spun out of Naspers Ltd., increased its cash offer by 4.2% to 740 pence per share, valuing Just Eat at about 5.1 billion pounds ($6.7 billion), Prosus said in a statement on Monday.Just Eat’s management has been encouraging investors to vote for Takeaway’s all-share deal, which would give them …read more […]

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Britain's Tullow Oil shares plunge over 50% as CEO resigns

Tullow Oil shares more than halved on Monday as Chief Executive Officer Paul McDade stepped down and the energy company scrapped its dividend after failing to meet production targets due to weak performance by flagship assets in Ghana. The company has been plagued by technical problems at its Jubilee field in Ghana and a delay in completing a well at the TEN offshore field, which led Tullow to cut its estimates for 2019 oil output last month. Tullow also suffered blows in recent months due to setbacks at East Africa projects in Uganda and Kenya, as well as …read more […]

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UPDATE 1-UK PM Johnson on Heathrow: might be difficult to lie before bulldozers

British Prime Minister Boris Johnson said on Monday he would try to find a way to honour his promise to oppose Heathrow airport expansion by lying down in front of bulldozers but that it might be difficult for him. The British parliament has approved an expansion plan for Heathrow, including building the first full-length new runway in the London area for 70 years, but the plans are being challenged in the courts. Before he won the top job, Johnson opposed Heathrow expansion and promised to lie down before bulldozers to stop it. …read more […]