Private equity firm Privateer Holdings is looking to pioneer the future of the legal cannabis industry. The company closed a $100 Million funding round in January to further its investment in cannabis start-ups. Privateer Holdings CEO Brendan Kennedy describes how the company is planning to use this new surge in funding.
"A lot of the opportunities that we are looking at right now are outside of the United States," says Kennedy. "We'll deploy more than half of this round outside of the U.S. where we see Canada this year legalizing Cannabis for adult use."
Four companies in Privateer Holding's portfolio include Leafly, Tilray, Marley Natural, and The Goodship.
New York Stock Exchange President Stacey Cunningham said Thursday that the floor of the exchange will "absolutely reopen" as soon as it is "safe to do so."
The coronavirus outbreak has triggered a stunning collapse in the U.S. workforce, with 10 million people losing their jobs in the past two weeks. Meanwhile, the number of confirmed infections worldwide has hit 1 million, with more than 50,000 deaths, according to the tally kept by Johns Hopkins University.
The automaker revealed that it will be able to produce 50,000 ventilators in the next 100 days. The ventilators' design has been simplified by the private medical company Airon for easy set-up and quick usage in emergency settings.
In a letter to CEOs of DoorDash, Grubhub, Instacart, and Uber, Senator Elizabeth Warren (D-Mass.) called on the employers to provide gig workers with "basic rights and protections" as they perform "essential delivery work."
Steve Hafner, CEO of OpenTable and KAYAK, said that the company is focusing on helping out in these difficult times.
Robintrack, a service that keeps counts of how many Robinhood users own a particular stock, shows that its userbase has been loading up on stocks harshly affected by the outbreak.
A city of about 150,000 just in northern Los Angeles County is preparing for the spread of the novel coronavirus by teaming up with the local aerospace companies to create ventilator substitutes and preparing an ordinance that would require wearing masks, according to Mayor R. Rex Parris.
The world’s biggest telecom equipment provider is now seeing more growth from its consumer handset business.
The president took to Twitter last Friday and unleashed a furious series of attacks at GM and its chairman and CEO, Mary Barra, leaving company executives, officials inside the White House, and employees at a nonprofit who had helped broker the partnership between GM and Ventec flabbergasted.
California Rep. Ami Bera wants to see more federal control over things like purchasing and stockpiling medical supplies to meet the needs of the coronavirus pandemic.
