The Traderszone Network

Fortunate OrganiGram Holdings (NASDAQ: OGI) shareholders caught quite the buzz from their investment on Tuesday. The Canadian marijuana company’s stock zoomed 6.5% higher, thanks to the announcement of a promising new acquisition, plus some noise on the U.S. legalization front.

As has been typical for marijuana companies since the start of the modern pot industry, OrganiGram’s latest move is an attempt to grow by acquisition. It said Tuesday that it has acquired Quebec’s Laurentian Organic, a producer of higher-end marijuana and hashish goods.

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The surge of new Covid cases across the city driven by the Omicron variant has brokerages on edge. Douglas Elliman’s New York City employees must work from home until at least Jan. 3, president Richard Ferrari informed staff in a memo last week. “Employees will work from home while we monitor the situation and devise a return-to-office plan informed by CDC and state and city guidelines,” a Douglas Elliman spokesperson said. The policy applies to

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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

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In order to hit lofty subscriber goals, Disney+ needs “more content for more people,” said former Walt Disney CEO Bob Iger.

Walgreens said the “unprecedented increase in demand” for rapid at-home Covid tests started after Thanksgiving and have continued through the week of Christmas.

Rates continue to move higher and pull USD/JPY along with them.
USD/JPY is up to 114.11, up 53 pips on the day. The high immediately after the FOMC decision was 114.28.

I would peg the move mostly on omicron optimism. That’s the ebb and flow right now with the market alternately freaking ou

Bob Iger says the acquisition of Pixar is his ‘proudest decision’ because it led to the revitalization of Disney animation and the Marvel and Lucasfilm deals.