DIRS.INFO The most relevant business & tech news

☆ Canopy Growth looks to speed up entry into U.S. cannabis market with new holding company
▼ + stars: | 2022-10-25 | by ( Stefan Sykes | ) www.cnbc.com time to read: +1 min

Canadian cannabis company Canopy Growth said Tuesday it's consolidating its U.S. assets into a new holding company to speed up its entry into the U.S. market. The company said the creation of Canopy USA will help it reduce costs and tap into the U.S. market, which is projected to be more than $50 billion by 2026. Spirits giant Constellation Brands , which acquired a stake in Canopy Growth in 2017 for $190 million, said it will convert its existing common shares in Canopy into new exchangeable shares, which it said will protect shareholder value while retaining its interest in Canopy through non-voting and non-participating shares. Constellation said in a statement that the transition is aligned with its decision to focus on its core beer, wine and spirits businesses. "We believe that the conversion of our ownership interest will maintain Constellation's ability to realize the potential upside of our investment in Canopy," said Constellation's CEO and President Bill Newlands.

☆ Scholars found a long-lost star map from ancient Greek astronomer Hipparchus hidden beneath layers of medieval Christian text
▼ + stars: | 2022-10-22 | by ( Paola Rosa-Aquino | ) www.businessinsider.com time to read: +3 min

Scholars discovered the oldest known star map beneath the text of a Christian manuscript, according to new study. The ancient Greek astronomer made the earliest known attempt to chart the entire night sky. The Christian text came from Egypt's Saint Catherine's Monastery and is now in possession of the Museum of the Bible in Washington, DC. Researchers say the star map was scraped away so the parchment could be reused — a common practice at the time. The "new evidence is the most authoritative to date and allows major progress in the reconstruction of Hipparchus' Star Catalog," the study authors wrote.

☆ The Orionid meteor shower peaks Thursday night. Here's how to watch colorful streaks and fireballs lighting up the sky.
▼ + stars: | 2022-10-19 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

The Orionids meteor shower peaks late Thursday night and into early Friday morning. Colorful streaks and bursting fireballs make this one of the year's most beautiful meteor showers, according to NASA. A meteor streaks past the Canis Minor constellation in the night sky during the annual Orionid meteor shower in Ronda, near Malaga, Spain, on October 22, 2017. NASA recommends against using telescopes or binoculars to view a meteor shower, since those instruments show only a limited portion of the sky at a time. A stargazer waits for light clouds to clear to watch the Perseid meteor shower to begin near Bobcaygeon, Ontario, on August 12, 2015.

☆ Analyst says buy Constellation Brands, makes a bullish case we can agree on
▼ + stars: | 2022-10-11 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

Even earlier in the session, when all three major U.S. stock indexes were in the red, STZ shares were slightly in the green. "Pricing optionality" — jargon that really just means raising prices to help offset rising costs — is another part of Wedbush's bullish case. The Club's take Wedbush's positive note comes less than a week after Constellation released its very solid second-quarter results . Just as we saw little to nitpick in the company's numbers and guidance, we see little to disagree with in Wedbush's STZ thesis. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Following the selloff in the market Thursday, the Oscillator moved even further into oversold territory with a reading of minus 7.04%. CNBC's Zev Fima , portfolio analyst for the Investing Club, contributed to this report.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ The Artemis I mission launches NASA's return to the moon, 50 years after the last moonwalk. Astronauts explain why it took so long.
▼ + stars: | 2022-08-27 | by ( Morgan Mcfall-Johnsen | Hilary Brueck | ) www.businessinsider.com time to read: +7 min

NASA is about to launch its new Space Launch System toward the moon for the first time. The rocket is designed to return astronauts to the lunar surface for the first time in more than 50 years. NASA astronauts say it's taking so long to return to the moon because of politics and money. It's not just that the Space Launch System is giant, standing taller than the Statue of Liberty. NASA/Kim ShiflettAs early as 2004, former President George Bush was setting goals to return astronauts to the moon.

Search resuls for: "Constellation's"

6 mentions found