John's Feed
Nov 19, 2014

Hedge fund Livermore calls for board change at Volt Information

Nov 19 (Reuters) – Hedge fund Livermore Partners is pushing
for change at U.S. staffing services provider Volt Information
Sciences Inc , setting the stage for a potential
proxy battle if the company does not act on its demands.

The fund called on Wednesday for Volt to overhaul its board
by adding independent directors. It also wants it to sell
non-core assets and buy back stock, said David Neuhauser,
Livermore’s managing director.

Oct 30, 2014

Energy company Seven Generations set to raise C$810 million in IPO

TORONTO, Oct 30 (Reuters) – Seven Generations Energy Ltd
is poised to raise C$810 million ($724.31 million) via
an initial public offering that priced at the lower end of a
previously anticipated range, according to regulatory documents.

The independent petroleum company, which is selling some 45
million shares, priced the share offering at C$18, compared with
an earlier projected range of C$17 to C$21. The offering is set
to value the company at over C$5 billion.

Oct 10, 2014

Exclusive: U.S. DEA ‘most interested’ in U.S. investors in Canadian marijuana firms

LOUIS (Reuters) – U.S. investors in Canada’s medical marijuana industry are betting they won’t fall under the scrutiny of U.S. law enforcement officers – but it’s a risky bet.

With marijuana still illegal on a federal level in the United States, American investors in Canadian medical marijuana can be seen as violating the Controlled Substances Act, according to some U.S experts. And the use of the banking system to transfer the proceeds of such investments could be seen as money laundering.

Oct 10, 2014

U.S. DEA ‘most interested’ in U.S. investors in Canadian marijuana firms

LOUIS, Oct 10 (Reuters) – U.S. investors in
Canada’s medical marijuana industry are betting they won’t fall
under the scrutiny of U.S. law enforcement officers – but it’s a
risky bet.

With marijuana still illegal on a federal level in the
United States, American investors in Canadian medical marijuana
can be seen as violating the Controlled Substances Act,
according to some U.S experts. And the use of the banking system
to transfer the proceeds of such investments could be seen as
money laundering.

Oct 7, 2014

U.S. billionaire Wilbur Ross eyeing Canadian, U.S. energy sectors

TORONTO (Reuters) – U.S. billionaire investor Wilbur Ross is looking at investing in the Canadian and U.S. energy sectors, betting a long-term recovery in oil prices will boost the fortunes of small and mid-cap companies whose shares have been battered since June.

Ross, who made his name by snapping up out-of-favor assets ranging from banks to textile firms, told Reuters he is in the early stages of assessing companies in the oil, natural gas and rail transportation sectors.

Sep 25, 2014

Canadian stock market rally seen cooling in 2015: Reuters poll

TORONTO (Reuters) – Canadian stocks are expected to build on gains that already took the broad market to a record high this year, but they may lose momentum in 2015 as weaker commodity prices and a sluggish domestic economy take hold, a Reuters poll found.

Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE will reach 15,500 by the end of the year, up about 14 percent from the end of 2013 and a gain of just around 3 percent from Wednesday’s close, the poll showed.

Sep 25, 2014

Canadian stock market rally seen cooling in 2015

TORONTO (Reuters) – Canadian stocks are expected to build on gains that already took the broad market to a record high this year, but they may lose momentum in 2015 as weaker commodity prices and a sluggish domestic economy take hold, a Reuters poll found.

Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE will reach 15,500 by the end of the year, up about 14 percent from the end of 2013 and a gain of just around 3 percent from Wednesday’s close, the poll showed.

Sep 18, 2014

Activists seen stepping up campaigns in Canadian energy patch

TORONTO, Sept 18 (Reuters) – Shareholder activism is likely
to gather momentum in the Canadian energy industry in the coming
months, sparked by some poor stock performance, the success of
past campaigns and growing support from large institutional
investors.

Money managers, as well as the proxy firms that help
activists and targeted companies navigate these battles, say
that a stronger economy has also given activists the financial
firepower they need to buy the large corporate stakes required
to push for control.

Aug 25, 2014

Canadian marijuana firms OrganiGram, Bedrocan soar on market debut

TORONTO, Aug 25 (Reuters) – Shares of Canadian medical
marijuana producers Bedrocan Cannabis Corp and
OrganiGram Holdings Inc jumped as they began trading on
the TSX Venture exchange on Monday with investors expecting
fast-growing demand in the fledgling industry.

The companies are the first major alternatives to Tweed
Marijuana Inc, which was listed in April. The offerings
mean three of the 13 medical marijuana producers licensed by
regulator Health Canada are now public.

Aug 22, 2014

Canadian medical marijuana company OrganiGram set to go public

TORONTO (Reuters) – Canadian medical marijuana producer OrganiGram Inc is set to go public on Monday, its chief executive said, the second such firm to list on the venture exchange next week, highlighting investor appetite for a high-growth industry.

OrganiGram and Bedrocan Cannabis Corp both plan to list on Aug. 25. The two firms, via reverse takeovers, will join Tweed Marijuana Inc on the TSX Venture Exchange giving investors in public markets three licensed producers to choose from. Tweed went public in April and is valued at C$100.8 million ($92.11 million).