Cannabis Companies Are Ready for Mergers and Acquisitions After nearly a year when there was almost no deal-making, cannabis companies are now readying themselves for M&A activity. That’s due to realistic stock valuations and the anticipated of continued legalization in the U.S. which attracts buyers to the cannabis industry—a [...]
Remitly Grows During Pandemic as Digital Money Transfer Business The ongoing COVID-19 pandemic has generated growth opportunities for technology-driven money transfer companies. The Seattle-based digital remittances startup Remitly just joined the unicorn company club, raising $85 million in a Series F round that has propelled its valuation to $1.5 [...]
Hyliion to Merge with Tortoise Acquisition as SPACs Rise in Popularity Hyliion, a company specializing in heavy duty electric-powered trucks, announced its merger with Tortoise Acquisition Corp, a special-purpose acquisition company (SPAC) at the end of June. The deal is on schedule to close this fall. The Texas-based trucking [...]
B2B FinTech Space Shows M&A Activity to Secure Future Markets Of course, headlines are full of the potential acquisition of TikTok by Microsoft, but there is plenty of merger activity beyond consumer-centric technology companies. There’s a good deal of market consolidation going on in B2B FinTech space, as organizations [...]
Diverse Workforces Go Hand-in-Hand with Increasing Innovation Diverse teams produce better business outcomes, yet companies have struggled for years to implement practices that have resulted in noticeable improvements. While progress in most sectors has been minimal, tech companies in particular have struggled to hire and retain women and minorities. [...]
Honeywell Seeking Acquisition Targets Despite Decline in Revenue Even though the North Carolina-based conglomerate suffered a sharp decline in revenue in the second quarter and a decrease in demand in some business of its units because of the COVID-19 pandemic, Honeywell International still says it will use its liquidity [...]
Laboratory Services Industry Enjoys Plentiful M&A Deals Laboratory services businesses took part in five deals in Q1. This puts the sector on pace to close a similar number of deals to prior years. Kaufman Hall, a financial consultancy firm, published first-quarter data in a recent report, which looked at [...]
Supreme Court to Hear Case on Unintentional Use of Counterfeit Parts Updated: Mar 12 On January 14, the Supreme Court will hear a case on a minute point of IP law: whether plaintiffs must show “willful” trademark infringement to get an order requiring the infringer to disgorge its profits. This [...]
