DOHA: Milaha, a Qatari Public Shareholding Company with the diversity to deliver seamlessly integrated transport and supply chain solutions, has announced a reorganisation of the company. The changes are in line with Milaha’s strategy to expand services for its core customers in the marine and logistics sectors and develop local capabilities to support Qatar National…
Fitch reaffirms GFH Financial Group’s long-and short-term issuer default rating
DUBAI: GFH Financial Group announced Fitch Ratings, the international credit rating agency, has reaffirmed the Group’s rating Long-and Short-Term Issuer Default Rating (IDR) at ‘B’ with the outlook on the Long-Term IDR as ‘Stable’. The reaffirmation of the Group’s ratings reported by Fitch takes into account the management’s strategic objective of reshaping GFH’s business model…
Glenmark Pharmaceuticals unlocks the treatment for mild to moderate Covid-19 in India
MUMBAI: In a landmark development for COVID-19 patients in India, Glenmark Pharmaceuticals announced the launch of antiviral drug Favipiravir (brand name FabiFlu) for the treatment of mild to moderate COVID-19 patients. Glenmark has received manufacturing and marketing approval from India’s drug regulator, making FabiFlu the first oral Favipiravir-approved medication in India for the treatment of…
Halo Labs announced edibles expansion in California and Oregon
TORONTO: Halo Labs announced an update on the Company’s edibles product launch and expansion plan in California and Oregon to capitalize on segment growth. According to BDS Analytics, edibles spending in the US and Canada is forecast to grow to more than $4.1 billion by 2022. In California, ingestibles generated $44 million in sales in…
PG&E Corp achieves bankruptcy court confirmation of its plan of reorganization
SAN FRANCISCO: PG&E Corporation and Pacific Gas and Electric Company announced that the United States Bankruptcy Court for the Northern District of California has confirmed the company’s Chapter 11 Plan of Reorganization. This follows the California Public Utilities Commission’s approval of the Plan on May 28, 2020. “Today’s ruling in the Chapter 11 proceeding concludes…
Child care sector in Nova Scotia on brink of collapse
HALIFAX: Child care centres across Nova Scotia are now facing a funding crisis that threatens to undermine the viability of the entire sector. Premier McNeil told families that their child care spots would be held for them once the economy reopened. However, his government has committed to only funding half of those spots leaving child…
C-P Flexible Packaging announces acquisition of Genpak Flexible
YORK: C-P Flexible Packaging, a leading manufacturer of flexible packaging, announced the acquisition of Genpak Flexible from The Jim Pattison Group. Genpak Flexible is a leading North American supplier of compostable packaging and offers a wide range of unique, patented flexible packaging solutions. C-P Flexible Packaging is a longstanding portfolio company of First Atlantic Capital,…
Carlisle Companies announces the termination of its acquisition of Draka Fileca
SCOTTSDALE: Carlisle Companies Incorporated announced the termination of its previously announced agreement to acquire Draka Fileca SAS from Prysmian SpA. Chris Koch, Chairman and Chief Executive Officer, said “While we were enthusiastic about completing the transaction, unfortunately, the COVID-19 pandemic contributed to the delay in timely receiving the necessary regulatory approval. While disappointed, we remain…
FCPT acquires Big O Tires property for $2.7 million
MILL VALLEY: Four Corners Property Trust (FCPT), a real estate investment trust, announced the acquisition of a corporate-operated Big O Tires property for $2.7 million. The lease is guaranteed by TBC Corporation, one of the largest independent tire retailers in the U.S. TBC operates or franchises 2,383 retail locations across its various brands, which include…
Cannae Holdings announces $75mn investment in Trebia Acquisition Corp
LAS VEGAS: Cannae Holdings Inc. has strategically entered into a forward purchase agreement with Trebia Acquisition Corp. in which Cannae, as an anchor investor and a founding member of the Sponsor Group, will purchase an aggregate of 7,500,000 Class A ordinary shares of Trebia, plus an aggregate of 2,500,000 redeemable warrants to purchase one Class…
The Very Good Food Company concludes a successful first trading day on CSE
VANCOUVER: The Very Good Food Company Inc. (VGF) announced the successful completion of its first day trading as a public company. Mitchell Scott CEO said: “We were very pleased to see investors welcome our company to the public markets with open arms. After months of preparation for our public listing, we can all breathe a…
TraceSafe announces $10mn brokered private placement led by Canaccord Genuity
TORTOLA: TraceSafe Inc. has entered into an agreement with Canaccord Genuity Corp. to act as lead agent and sole bookrunner to sell, by way of private placement on a commercially reasonable efforts basis, up to 10 million units of the company at a price of $1.0/unit for gross proceeds of up to $10 million. Each…