Aurora Cannabis Inc. (OTCMKTS:ACBFF) ACBFF leading the way for Cannabis companies?
Today (OTCMKTS:ACBFF) Aurora Cannabis had gains of more than 7% on news that they will be making investments in Hempco HEMP.V
Both of these companies are leading the way in the cannabis industry. With growing interest from consumers and manufactures alike, hemp products are trending and investors are begging to be part of this movement.
VANCOUVER and BURNABY, BC , June 8, 2017 /CNW/ – Aurora Cannabis Inc. (the “Company” or “Aurora”) (ACB.V) (ACBFF) ( Frankfurt : 21P; WKN: A1C4WM) and Hempco Food and Fiber Inc. (“Hempco”) (HEMP.V) are pleased to announce that Aurora will be making a strategic investment in Hempco for an ownership stake of up to 19.9% on a fully diluted basis, subject to Regulatory and Board approvals, as well as satisfactory completion of due diligence. Additionally, subject to customary conditions, Aurora will obtain an option to acquire shares from the majority owners of Hempco that, upon exercise of the option, will bring Aurora’s total ownership interest in Hempco to 50.1% on a fully diluted basis.
This news brought hungry investors into both ACBFF and HEMP.V with gains in ACBFF of more than 7% and HEMP.V showing double digit gains around 14%.
Hempco is one of the world’s largest industrial producers of hemp and hemp products, and currently offers three primary product lines: (1) bulk and packaged food products (e.g. hemp protein powder, hemp seeds or hearts, hemp oil etc.); (2) hemp fibre; and (3) nutraceuticals. Hempco’s line of packaged foods are sold under the brand “Planet Hemp” and are distributed globally in seven countries.
The target market for these products includes, but is not limited to, health conscious consumers, including vegetarians seeking to supplement protein and reduce or eliminate animal product intake, as well as an increasing number of consumers focused on managing and preventing a variety of health issues through a healthy diet, known as “LOHAS”, Lifestyles of Health and Sustainability, and “millenials” looking for clean and “green” products.
In August of 2016 ACBFF was sitting around $0.35 a share but just a few months later it hit a high around $2.70 in the middle of November. Over the next 6 months ACBFF bounced between $1.70 and $2.65 with average volume over the last 30 days around 490,000 shares. Just in the last week some heavy than normal selling brought the PPC to a low of $1.50
We will continue to watch ACBFF over the short term and keep you updated on any changes that deserve your attention.
Here’s Who Just Picked Up Jpmorgan China Region Fund Inc. (NYSE:JFC) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Jpmorgan China Region Fund Inc. (NYSE:JFC) reported that City Of London Investment Group Plc. has picked up 2,130,354 of common stock as of 2017-03-07.
The acquisition brings the aggregate amount owned by City Of London Investment Group Plc. to a total of 2,130,354 representing a 33.0% stake in the company.
For those not familiar with the company, JPMorgan China Region Fund, Inc. is a non-diversified closed-end management investment company. The Fund seeks to achieve long-term capital appreciation through investments primarily in equity securities of companies with substantial assets in, or revenues derived from, China, Hong Kong, Taiwan and Macau (collectively the China Region). The Fund invests in various industries, including aerospace and defense, airlines, automobiles, banks, beverages, capital markets, chemicals, commercial services and supplies, construction and engineering, diversified consumer services, diversified telecommunication services, health care providers and services, hotels, restaurants and leisure, independent power and renewable electricity producers, insurance, Internet software and services, leisure products, machinery, media, food and staples retailing, gas utilities and pharmaceuticals. The Fund’s investment advisor is JF International Management Inc., an indirect subsidiary of JPMorgan Chase & Co.
A glance at Jpmorgan China Region Fund Inc. (NYSE:JFC)’s key stats reveals a current market capitalization of 113.61 Million based on 6.45 Million shares outstanding and a price at last close of $17.66 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-09-12, Hass picked up at 1,000 a purchase price of $17.75. This brings their total holding to 1,000 as of the date of the filing.
On the sell side, the most recent transaction saw Hass unload 1,000 shares at a sale price of $17.55. This brings their total holding to 0.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Jpmorgan China Region Fund Inc. (NYSE:JFC) as things move forward to see if its progress aligns with these transactions.
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Fortress Investment Group Llc. (NYSE:FIG) is Attracting Smart Money
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Fortress Investment Group Llc. (NYSE:FIG) reported that Jpmorgan Chase & Co. has picked up 11,303,620 of common stock as of 2017-03-07.
The acquisition brings the aggregate amount owned by Jpmorgan Chase & Co. to a total of 11,303,620 representing a 5.1% stake in the company.
For those not familiar with the company, Fortress Investment Group LLC (Fortress) is an investment management firm with approximately $70.5 billion in assets under management (AUM). The Company operates through segments, including private equity funds, permanent capital vehicles, credit hedge funds, credit PE funds, liquid hedge funds and Logan Circle. Its business is to sponsor the formation of, and provide investment management services for, various investment funds, permanent capital vehicles and related managed accounts (collectively, the Fortress Funds). Fortress makes investments in these funds. Fortress’s primary sources of income from the Fortress Funds are management fees, incentive income and investment income on its investments in the funds. The Company’s private equity business manages approximately $15.8 billion of AUM; credit funds business manages over $18.1 billion of AUM; liquid hedge funds business manages over $5.4 billion of AUM, and Logan Circle business manages approximately $31.2 billion of AUM.
A glance at Fortress Investment Group Llc. (NYSE:FIG)’s key stats reveals a current market capitalization of 3.09 billion based on 218.01 Million shares outstanding and a price at last close of $7.99 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-08-28, Edens picked up at 102,485 a purchase price of $5.98. This brings their total holding to 200,000 as of the date of the filing.
On the sell side, the most recent transaction saw Bass unload 35,000 shares at a sale price of $7.76. This brings their total holding to 38,000.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Fortress Investment Group Llc. (NYSE:FIG) as things move forward to see if its progress aligns with these transactions.
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Taiwan Fund Inc. (NYSE:TWN) is Attracting Smart Money
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Taiwan Fund Inc. (NYSE:TWN) reported that City Of London Investment Group Plc. has picked up 3,342,101 of common stock as of 2017-03-01.
The acquisition brings the aggregate amount owned by City Of London Investment Group Plc. to a total of 3,342,101 representing a 40.6% stake in the company.
For those not familiar with the company, The Taiwan Fund, Inc. is a diversified, closed-end management investment company. The Fund’s investment objective is to seek long-term capital appreciation through investment primarily in equity securities listed on the Taiwan Stock Exchange (TSE) in the Republic of China (ROC). The Fund invests in various sectors, including biotechnology and medical care; building material and construction; cement; chemical; communications and Internet; computer and peripheral equipment; electric and machinery; electronic parts and components; financial and insurance; foods; oil, gas and electricity; optoelectronic; plastics; semiconductor; shipping and transportation; textiles, and trading and consumers’ goods. The Fund’s investment advisor is JF International Management Inc.
A glance at Taiwan Fund Inc. (NYSE:TWN)’s key stats reveals a current market capitalization of 323.16 Million based on 8.22 million shares outstanding and a price at last close of $17.60 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2010-09-29, Skinner picked up 4,900 at a purchase price of $16.50. This brings their total holding to 4,900 as of the date of the filing.
On the sell side, the most recent transaction saw Skinner unload 4,900 shares at a sale price of $17.09. This brings their total holding to 0.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Taiwan Fund Inc. (NYSE:TWN) as things move forward to see if its progress aligns with these transactions.
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Artisan Partners Asset Management Inc. (NYSE:APAM) is Attracting Smart Money
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Artisan Partners Asset Management Inc. (NYSE:APAM) reported that Ziegler Andrew A has picked up 3,455,973 of common stock as of 2017-03-01.
The acquisition brings the aggregate amount owned by Ziegler Andrew A to a total of 3,455,973 representing a 6.6% stake in the company.
For those not familiar with the company, Artisan Partners Asset Management Inc. is an investment management firm focused on providing investment strategies to clients around the global. The Company’s operations are conducted through Artisan Partners Holdings LP and its subsidiaries. It operates in the investment management industry. The Company provides investment management services to separate accounts and mutual funds, and other pooled investment vehicles. The Company has over seven autonomous investment teams that manage a range of the United States, non-United States and global investment strategies. The Company provides its clients with multiple long-only, equity investment strategies spanning market capitalization segments and investing styles in both the United States and non-United States markets. It also offers a fixed income strategy, the Artisan High Income strategy.
A glance at Artisan Partners Asset Management Inc. (NYSE:APAM)’s key stats reveals a current market capitalization of 2.12 billion based on 43.39 million shares outstanding and a price at last close of $28.65 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-11-30, Dimarco picked up 770 at a purchase price of $38.95. This brings their total holding to 11,770 as of the date of the filing.
On the sell side, the most recent transaction saw Daley unload 5,000 shares at a sale price of $46.37. This brings their total holding to 13,700.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Artisan Partners Asset Management Inc. (NYSE:APAM) as things move forward to see if its progress aligns with these transactions.
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Softbank Group Corp is Buying Fortress Investment Group Llc. (NYSE:FIG) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Fortress Investment Group Llc. (NYSE:FIG) reported that Softbank Group Corp has picked up 1,716,753 of common stock as of 2017-02-17.
The acquisition brings the aggregate amount owned by Softbank Group Corp to a total of 1,716,753 representing a 1.02% stake in the company.
For those not familiar with the company, Fortress Investment Group LLC (Fortress) is an investment management firm with approximately $70.5 billion in assets under management (AUM). The Company operates through segments, including private equity funds, permanent capital vehicles, credit hedge funds, credit PE funds, liquid hedge funds and Logan Circle. Its business is to sponsor the formation of, and provide investment management services for, various investment funds, permanent capital vehicles and related managed accounts (collectively, the Fortress Funds). Fortress makes investments in these funds. Fortress’s primary sources of income from the Fortress Funds are management fees, incentive income and investment income on its investments in the funds. The Company’s private equity business manages approximately $15.8 billion of AUM; credit funds business manages over $18.1 billion of AUM; liquid hedge funds business manages over $5.4 billion of AUM, and Logan Circle business manages approximately $31.2 billion of AUM.
A glance at Fortress Investment Group Llc. (NYSE:FIG)’s key stats reveals a current market capitalization of 3.08 billion based on 216.84 Million shares outstanding and a price at last close of $7.99 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-08-28, Edens picked up 102,485 at a purchase price of $5.98. This brings their total holding to 200,000 as of the date of the filing.
On the sell side, the most recent transaction saw Bass unload 35,000 shares at a sale price of $7.76. This brings their total holding to 38,000.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Fortress Investment Group Llc. (NYSE:FIG) as things move forward to see if its progress aligns with these transactions.
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Jpmorgan China Region Fund Inc. (NYSE:JFC) is Attracting Smart Money
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Jpmorgan China Region Fund Inc. (NYSE:JFC) reported that City Of London Investment Group Plc. has picked up 2,290,403 of common stock as of 2017-02-16.
The acquisition brings the aggregate amount owned by City Of London Investment Group Plc. to a total of 2,290,403 representing a 35.5% stake in the company.
For those not familiar with the company, JPMorgan China Region Fund, Inc. is a non-diversified closed-end management investment company. The Fund seeks to achieve long-term capital appreciation through investments primarily in equity securities of companies with substantial assets in, or revenues derived from, China, Hong Kong, Taiwan and Macau (collectively the China Region). The Fund invests in various industries, including aerospace and defense, airlines, automobiles, banks, beverages, capital markets, chemicals, commercial services and supplies, construction and engineering, diversified consumer services, diversified telecommunication services, health care providers and services, hotels, restaurants and leisure, independent power and renewable electricity producers, insurance, Internet software and services, leisure products, machinery, media, food and staples retailing, gas utilities and pharmaceuticals. The Fund’s investment advisor is JF International Management Inc., an indirect subsidiary of JPMorgan Chase & Co.
A glance at Jpmorgan China Region Fund Inc. (NYSE:JFC)’s key stats reveals a current market capitalization of 115.24 million based on 6.45 million shares outstanding and a price at last close of $17.65 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-07-28, Hass picked up 1,000 at a purchase price of $17.75. This brings their total holding to 195,534 as of the date of the filing.
On the sell side, the most recent transaction saw Hass unload 1,000 shares at a sale price of $17.55. This brings their total holding to 0.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Jpmorgan China Region Fund Inc. (NYSE:JFC) as things move forward to see if its progress aligns with these transactions.
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Tcp Capital Corp. (NASDAQ:TCPC) is Attracting Smart Money
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Tcp Capital Corp. (NASDAQ:TCPC) reported that Vaughan Nelson Investment Management, L.p. has picked up 3,173,529 of common stock as of 2017-02-14.
The acquisition brings the aggregate amount owned by Vaughan Nelson Investment Management, L.p. to a total of 3,173,529 representing a 6.0% stake in the company.
For those not familiar with the company, TCP Capital Corp. is a closed-end, non-diversified management investment company. The Company’s investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. The Company invests in debt securities of middle-market companies. The Company holds interests in Special Value Continuation Partners, LP. The Company receives contractual interest payments on debt investments and originations, and equity appreciation through options, warrants, conversion rights or direct equity investments. The Company has various types of investment assets, such as equity, senior secured debt, and mezzanine/junior. Its portfolio includes its investments in various industries, such as software publishing; computer systems design and related services; business support services; insurance carriers; radio and television broadcasting; air transportation, and hospitals. Its investment advisor is Tennenbaum Capital Partners, LLC.
A glance at Tcp Capital Corp. (NASDAQ:TCPC)’s key stats reveals a current market capitalization of 897.47 million based on 53.04 million shares outstanding and a price at last close of $16.92 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-05-27, Davis picked up 500 at a purchase price of $14.48. This brings their total holding to 9,000 as of the date of the filing.
On the sell side, the most recent transaction saw Flynn unload 2,000 shares at a sale price of $16.74. This brings their total holding to 0.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Tcp Capital Corp. (NASDAQ:TCPC) as things move forward to see if its progress aligns with these transactions.
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