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Sundial, Canopy Growth And More: Analyst Examines The Race For The US Cannabis Market

Benzinga

US legal cannabis sales are predicted to exceed $28 billion in 2023, with promising regulatory developments such as the recommendation to "reschedule" cannabis by the HHS.

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Tilray's HEXO Acquisition Creates Canada's Top Cannabis Company With 44% Market Share Boost

Benzinga

Tilray (NASDAQ: TLRY ) is making bold moves to secure a profitable future, and its latest acquisition of HEXO Corp. NASDAQ: HEXO ) has solidified its position as Canada's top cannabis company with a 44% market share boost, expanding its market share by 467 basis points.

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Elon Musk Wants Out Of Twitter Deal Due To Lack Of Information: $44B Buyout Off The Table

Benzinga

In a breaking update, Elon Musk has backed out of his deal to buy Twitter, Inc (NYSE: TWTR ) for $44 billion. What Happened: An SEC filing from today has shared that Musk wants out of the deal after false and misleading information was shared to him from Twitter.

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EXCLUSIVE: In Private Equity Revival In 2024, Those Who Understand AI Will Win

Benzinga

The private equity environment has changed. Gone — at least for the medium term — is the era of low interest rates and the days of highly leveraged deals. Funds must now refocus on value creation in their portfolios.

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Chamath Palihapitiya Says SPACs Were 'Fueled By A Moment In Time Of Just Enormous Liquidity': What's Next For Private Companies?

Benzinga

Venture capitalist Chamath Palihapitiya was one of the most followed people in the financial world from 2019 to 2022 thanks to his role in the growth of SPACs as investment vehicles to take companies public. Palihapitiya recently reflected on SPACs, the valuation of private companies and other topics during an investor event.

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Blizzard Appoints Former Call of Duty And NFL Executive As President

Benzinga

Faries, previously the general manager for the Call of Duty franchise at Activision, will take on the role starting Feb. Blizzard Entertainment , the video-game development studio acquired by Microsoft Corp. NASDAQ: MSFT ) for $69 billion, appointed Johanna Faries as its new president, succeeding Mike Ybarra. 5, Bloomberg reported.

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Microsoft's $13B Investment In OpenAI Comes Under Scrutiny Of European Competition Regulator

Benzinga

Microsoft Corp ‘s (NYSE: MSFT ) multi-billion dollar investment in artificial intelligence (AI) developer OpenAI is coming under further scrutiny after the European Commission (EC), the EU’s competition authority, said it was “checking” the relationship between the two companies. ” U.K.