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Canadian Giant SNDL Speeds Up Acquisition Of Majority Positions In Two US Cannabis Companies As Marijuana Rescheduling Looms

Benzinga

NASDAQ: SNDL ), through its joint venture with SunStream Bancorp Inc. announced on Thursday that SunStream USA group of companies will proceed with the process of acquiring equity positions in U.S. The move would result in majority equity positions in select assets of Surterra Holdings, Inc.

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Financials Company Princeton Bancorp Announces Merger With Cornerstone Financial

Benzinga

Princeton Bancorp (NASDAQ: BPRN ) has announced a merger with Cornerstone Financial (OTC: CFIC ) that is expected to be completed in Q3 of 2024. Under the terms of the agreement, Princeton Bancorp has agreed to give Cornerstone Financial $17.90 Currently, neither company has disclosed whether the paymentwill be in cash or in stock.

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HomeStreet Hit With Shareholders Suit Over FirstSun Merger

Law 360 M&A

Banking company HomeStreet Inc. has been hit with a proposed class action alleging that it failed to disclose details about the sale process of its merger with FirstSun Capital Bancorp., saying that the company entered into the agreement with "little to no consideration" to any of its shareholders.

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2023 CPA-Zicklin Index Shows Strong Increase in Number of Trendsetter, Top-Scoring Companies

Harvard Corporate Governance

It is the highest number of companies receiving Trendsetter status – over one-fifth of the S&P 500 companies evaluated – since the benchmarking study was expanded in 2015 from covering the S&P 100. There were 28 top-scoring companies then.) American Electric Power Company Inc.; Equinix Inc.;

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Territorial Bancorp Inc. Announces First Quarter 2024 Results

Benzinga

The Company's tier one leverage and risk-based capital ratios were 11.58% and 28.84%, respectively, and the Company is considered to be "well-capitalized" at March 31, 2024. HONOLULU, Hawaii, May 03, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. NASDAQ: HOPE ) and the Company signed a definitive merger agreement.

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Skymint Gets Sued, Cannabis Market In Michigan Affects Several Companies & More

Benzinga

A lawsuit filed at the Ingham County Circuit Court in Lansing alleges the company owes more than $127 million to Canadian investment firm Tropics LP, a subsidiary of Calgary-based Sundial Growers Inc. Tropics LP loaned Green Peak Innovations Inc. Full story available on Benzinga.com

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Financials Company Orrstown Finl Servs Announces Merger With Codorus Valley Bancorp

Benzinga

Orrstown Finl Servs (NASDAQ: ORRF ) has announced a merger with Codorus Valley Bancorp (NASDAQ: CVLY ) that is expected to be completed in Q3 of 2024. Under the terms of the agreement, Orrstown Finl Servs has agreed to give Codorus Valley Bancorp $207.00 million in stock in exchange for CVLY stock.

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