LAS VEGAS: Planet 13 Holdings Inc., a leading vertically-integrated Nevada cannabis company, has acquired cannabis inventory, equipment and tenant improvements, and subject to regulatory approval will acquire the Nevada cannabis licenses at a 45,000 square foot indoor cultivation and production facility in Las Vegas from West Coast Development Nevada LLC. Planet 13 is paying $1.156…
Premier Oil signs SPAs to acquire BP’s interests in the Andrew Area and its Shearwater assets for $210mn
LONDON: Premier Oil Plc has signed sale and purchase agreements (SPAs) with BP for the acquisition of BP’s interests in the Andrew Area and its Shearwater assets, reflecting the amended terms announced by the company on 5th June. This follows the receipt of creditor approval for the BP Acquisitions. The BP Acquisitions remain conditional on…
AC Energy expands to India with $68 million 140 MWp solar farm in Rajasthan
SINGAPORE: AC Energy is set to develop Sitara Solar, a 140 MWp solar plant in India through UPC-AC Energy Solar, the company’s joint venture with UPC Solar Asia Pacific, a news release said. Marking its first major investment in India, AC Energy’s total renewables capacity will reach over 1,200 MW, in a move to further…
GSK and CureVac collaborate on vaccine and monoclonal antibody research programmes
London: GlaxoSmithKline (GSK) and CureVac announced the signing of a strategic collaboration agreement for the research, development, manufacturing and commercialisation of up to five mRNA-based vaccines and monoclonal antibodies (mAbs) targeting infectious disease pathogens. The collaboration complements GSK’s existing mRNA capabilities with CureVac’s integrated mRNA platform. mRNA (messenger RNA) technology is a rapidly progressing, cutting-edge…
Botswana Diamonds acquiring Sekaka Diamonds
LONDON: Botswana Diamonds (BOD) has agreed to acquire the KX36 Diamond discovery in Botswana, along with two adjacent Prospecting Licences and a diamond processing plant. These interests are part of a package held by Sekaka Diamonds. BOD is acquiring 100% of the shares of Sekaka. The vendor is Petra Diamonds. The consideration comprises a cash…
Magnus and Oriental EPC to assist with the construction of LPG terminals in Indonesia
SINGAPORE: Magnus Energy Group together with Oriental EPC Private Limited received a letter of offer from a state-owned enterprise in Indonesia on July 2nd to assist with the construction of liquefied petroleum gas (LPG) terminals in various parts of Indonesia. Magnus Energy and Oriental EPC had accepted the LOO via the agent on 16 July…
Respiri signs merchant services agreement with Zip Money Payments
MELBOURNE: Respiri Limited, an eHealth SaaS Company supporting respiratory health management, has executed a merchant services agreement with a leading Buy Now Pay Later (BNPL) provider Zip Money Payments Pty Ltd, a wholly owned subsidiary of Zip Co Limited, a news release said. The Zip agreement enables Respiri consumers to purchase wheezo and pay over…
Tilt Renewables erects first turbine of New Zealand’s largest Waipipi Wind Farm
MELBOURNE, AUSTRALIA: Tilt Renewables Limited (TLT) announced that the first wind turbine has been successfully erected at the Waipipi Wind Farm (WWF) located near Waverley in South Taranaki, New Zealand. This wind turbine is the largest ever installed in New Zealand, both by generation capacity (4.3MW) and size (130m rotor diameter), and marks the first…
TOTAL becomes a European company
PARIS: TOTAL SA has become TOTAL SE following its registration with the Trade and Companies Register of Nanterre as a European Company, which occurred on July 16, 2020, a news release said. This registration was approved at the Shareholders’ Meeting, held on of May 29, 2020, and follows negotiations with employees’ representatives in 25 countries…
Elixinol Global decides to continue the Hemp Foods Australia operations
PERTH: Elixinol Global Limited (EXL) has decided to continue the Hemp Foods Australia (HFA) operations, whilst exploring potential to leverage the cost base and skill set in the HFA business to support opportunities emerging in the Australian cannabidiol (CBD) landscape. Elixinol Global Limited (EXL) provided an update regarding the Board’s ongoing review of one of…
Bermele signs Heads of Terms to acquire the entire issued share capital of East Imperial
LONDON: Bermele Plc has signed Heads of Terms to acquire the entire issued share capital of East Imperial Pte. Ltd. for new shares in Bermele. The number of new shares is subject to further due diligence, a news release said. East Imperial is a Singapore incorporated company that designs, develops, formulates, manufactures, distributes and sells…
MGC Pharma signed binding term sheet to acquire Medicinal Cannabis Clinic
PERTH: MGC Pharmaceuticals Ltd, a European based bio-pharma company has signed a binding term sheet with Cannvalate Pty Ltd (CVL) to acquire 100% of the operating clinic based assets, data and intellectual property of its wholly owned subsidiary Medicinal Cannabis Clinic Pty Ltd, a news release said. Consideration due for the acquisition upon completion of…