Reading Time: 2 minutes Frankfurt | Reuters — Three of Bayer’s largest German investors said the drugmaker’s embattled management needed to stay at the helm to avoid further upheaval, despite their unease over a share price slump in the wake of the US$63 billion Monsanto takeover. The backing for CEO Werner Baumann comes after an unprecedented rebuke at the […] Read more
Investors call for reprieve for Bayer bosses after AGM rebuke
Big Weed hits up Europe hoping for expansion cash
Reading Time: 4 minutes Toronto/London | Reuters — A favorite of DIY stock pickers, Canadian cannabis firms are trying to bolster their institutional investor base by ramping up efforts to woo European funds as countries across the region approve marijuana for medical use. For some time companies including Canopy Growth, Aurora Cannabis and Tilray Inc. have been signing export […] Read more
Senate approves recreational use of marijuana
Reading Time: < 1 minute Toronto | Reuters — Canada’s upper house of Parliament on Tuesday approved a revised bill to legalize recreational marijuana, setting the stage for the country to become the first Group of Seven nation to legalize cannabis. The Senate voted 52-29 in favour of the revised bill from the House of Commons, paving the way for […] Read more
Cannabis firm Aphria mulls sale of U.S. unit
Reading Time: < 1 minute Reuters — Canadian cannabis company Aphria said Thursday it was exploring “strategic alternatives,” including a sale, for its U.S. business, amid tightening enforcement of federal cannabis laws in the country. Earlier this year, the U.S. Department of Justice revoked an Obama administration policy that discouraged federal prosecutors from pursuing marijuana-related crimes in states that had […] Read more
JBS mulls delaying IPO of international unit
Reading Time: 2 minutes Sao Paulo | Reuters — JBS SA, the world’s largest meat processor, may postpone the New York listing of a global food processing unit originally expected for the second quarter because of lukewarm investor feedback after a scandal in Brazil, two people with knowledge of the situation said. Executives at Sao Paulo-based JBS were worried […] Read more
A message from April Stewart, Country Guide's Associate Editor
