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18 upon a Loss of Significant Influence (Issue Date October 6, 2005) [Full Text] [Status] FSP FAS 13-2—Accounting for a Change or Projected Change in the Timing of Cash Flows Relating to Income Taxes Generated by a Leveraged Lease Transaction (Issue Date April 9, 2009) [Full Text][Status] FSP FAS 117-1—Endowments of Not-for-Profit Organizations: Net Asset Classification of Funds Subject to an Enacted Version of the Uniform Prudent Management of Institutional Funds Act, and Enhanced Disclosures for All Endowment Funds (Issue Date August 06, 2008) [Full Text] [Status] FSP FAS 123(R)-1—Classification and Measurement of Freestanding Financial Instruments Originally Issued in Exchange for Employee Services under FASB Statement No.
123(R) (Issue Date November 10, 2005) [Full Text] [Status] FSP FAS 123(R)-4—Classification of Options and Similar Instruments Issued as Employee Compensation That Allow for Cash Settlement upon the Occurrence of a Contingent Event (Issue Date December 30, 2008) [Full Text] [Status] FSP FAS 133-1 and FIN 45-4—Disclosures about Credit Derivatives and Certain Guarantees: An Amendment of FASB Statement No. 45; and Clarification of the Effective Date of FASB Statement No.
Only a handful are intending to be successful, long-term companies.”“Over the long term, I see an industry with two or three major, relevant players and bunch of craft producers,” added Linton.
It was Smiths Falls, Ont.-based Canopy that touched off the latest round of matchmaking by selling a 9.9 per cent stake to U. The 5-million deal, which brought a large out-of-market player into the Canadian cannabis business, has been viewed as a significant milestone for the industry.
The attempts at dealmaking could intensify as cannabis companies try to scare up the capital they need to serve their medical customers and the incoming recreational market.
Canni Med president and chief executive Brent Zettl said his board determined that Newstrike was the “optimal partner” for his company, while Jay Wilgar, chief executive of Newstrike, said they had been discussing the proposal for several months.
Shares of Aurora closed up 6.17 per cent Monday, at .85.
The stock prices for Canni Med and Newstrike jumped 2.02 and 11.76 per cent, respectively, to .71 and 57 cents.
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