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SMITHS FALLS, Ont. 鈥?Marijuana producer Canopy Growth Corp. TSX:CGC is offering to buy Mettrum Health Corp. TSXV:MT in a friendly all-stock deal valued at $430 million.Mettrum shareholders will be entitled to receive 0.7132 of a common share of Canopy under the offer, which would create a company with six facilities licensed to produce medical marijuana products.Canopy offer values Mettrum shares at $8.42 鈥?$2.50 above the closing stock price Wednesday. ARTICLE CONTINUES BELOW Assuming the deal gets shareholder approvals at both companies, Mettrum will become a wholly owned subsidiary of Canopy and Mettrum shareholders will own about 22.3 per cent of the com
stanley sverige bined company.Mettrum board has agreed to pay Canopy a $10-million termination fee under certain circumstances if the deal doesn ;t go through. Canopy will also have the right to match a superior proposal from a rival buyer. ARTICLE CONTINUES BELOW
stanley flask Canopy has grown into Canada largest publicly traded cannabis company since the federal government revised the rules for producing and distributing marijuana for medical purposes. It also is poised to sell so-called lifestyle or recreational pot if Ottawa moves to a legalize marijuana for non-medical use.Mettrum has established a line of cannabis products that wor
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OTTAWA 鈥?The head of the Bank of Canada made an international pitch to his fellow central bankers on Thursday to forge closer ties with average citizens to manage economic expectations through the pandemic, or risk losing public trust and face an existential crisis.Speaking remotely at an annual gathering usually hosted in Jackson Hole, Wyo., governor Tiff Macklem said maintaining trust is key for monetary policy officials during the economic downturn caused by COVID-19, as well as for rebuilding efforts once the pandemic passes.He pointed to declining trust in public institutions and experts, as well as the rise of political populism in the wake of the 2008 financial crisis as trends central bankers cannot brush off. ARTICLE CONTINUES BELOW Throw in online misinformation and conspiracy theories and Macklem argued it is now more important for central banks to be trusted, independent sources when they have rates nea
stanley cup r-zero and are using unconventional policy tools in co-ordination with government aid.For the Bank of Canada, that has meant a foray into what known as quantitative easing, which is a way for central banks to push money into the economy to enc
stanley kubek ourage lending and investment. ARTICLE CONTINUES BELOW
stanley cup In his prepared remarks, Macklem said central bankers shouldn ;t sound like oracles delivering messages from an ivory tower but be clear about what they ar
