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India

Debroop Roy

Cannabis retailer Curaleaf to boost US footprint with Grassroots buy

17 Jul 2019

Curaleaf Holdings Inc will buy fellow U.S. cannabis cultivator and retailer GR Companies Inc (Grassroots) in an $875 million cash-and-stock deal, expanding its reach when more U.S. states are expected to legalize recreational use of marijuana.

Callon Petroleum to buy Carrizo in quest for strong cash flow

15 Jul 2019

Callon Petroleum Co said on Monday it would buy Carrizo Oil & Gas Inc for $1.2 billion in stock, the latest in a string of acquisitions as energy companies scale up to boost cash flow and quell investor criticism over lack of returns.

UPDATE 3-CEO at Canadian miner Hudbay steps down, industry veteran steps in

10 Jul 2019

July 10 Canada's Hudbay Minerals Inc said on Wednesday that Chief Executive Officer Alan Hair has stepped down after more than 20 years with the company and named Peter Kukielski, who was backed by its second largest investor in a proxy battle, as interim CEO.

CannTrust slumps after Health Canada finds unlicensed pot cultivation

09 Jul 2019

CannTrust Holdings Inc's shares plunged about 23% to a more than one-and-half-year low on Monday, after Health Canada found the weed producer grew cannabis in unlicensed rooms, and then restricted the company from clearing its inventory.

UPDATE 4-Weed leader Canopy Growth ousts co-CEO Bruce Linton

03 Jul 2019

* Canopy shares reverse course after falling about 5% (Adds analysts' comments, details on Linton's 2018 compensation, graphic)

Bombardier exits commercial aviation with sale of regional jet business to Mitsubishi

26 Jun 2019

Bombardier Inc said it will sell its money-losing regional jet business to Japan's Mitsubishi Heavy Industries Ltd (MHI) for $550 million in cash, in a deal marking the Canadian plane and train maker's exit from commercial aviation.

Keane, C&J merge in quest for pricing power as oil producers cut budgets

17 Jun 2019

Oilfield services provider Keane Group Inc will merge with rival C&J Energy Services in a $746 million deal, giving the companies the much-needed pricing heft in an industry grappling with budget cuts by crude producers.

Dollarama raises full-year same-store sales forecast, shares gain 10%

13 Jun 2019

Canadian discount retailer Dollarama Inc beat quarterly revenue estimates and raised its full-year comparable sales forecast on Thursday, as the company held back on aggressive price hikes, sending its shares surging 10%.

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