Join Duke Hillinger for a weekly round-up on the latest emerging market news. In this edition, Duke goes through:
– Deutsche Bank has been added to the list of members for JPMorgan’s blockchain-based payments initiative. After the latest addition, the Interbank Information Network (IIN) now has 320 signed up for the initiative.
– Libra, Facebook’s cryptocurrency project, is set to answer the questions from 26 central banks regarding the risks of financial stability of the new cryptocurrency.
– Celsius Holdings, Inc. (NASDAQ: CELH) announced that it has priced its registered public offering of 6,944,444 shares of its common stock. The public offering is set at a price to the public of $3.60 per share.
– Satsuma Pharmaceuticals, Inc. (Nasdaq: STSA), a clinical-stage biopharmaceutical company developing STS101 (dihydroergotamine (DHE) nasal powder) for the acute treatment of migraines. Satsuma announced the pricing of its initial public offering of 5,500,000 shares of common stock.
– Over the weekend, one of Saudi Aramco oil facilities was attacked by drones, which knocked half of the company’s oil production capacity. The attack seemed to overshadow the company’s upcoming IPO, which is set to be the largest IPO in history.
– Nasdaq (Nasdaq: NDAQ) and Wilmington Trust announced the first-ever tickers for Collective Investment Trusts (“CITs”) on Nasdaq Fund Network (NFN). NFN is a global distribution service whose bringing better retail investment transparency to the world’s financial markets.
– Roto-Rooter Services Company, a subsidiary of Chemed Corporation (NYSE: CHE), announced it acquired Hoffman Southwest Corp’s Roto-Rooter franchise operations for $120 million.
– Medical Marijuana, Inc. (OTC: MJNA) created the world’s first-ever cannabis-derived nutraceutical products, a pharmaceutical alternative that claims physiological benefits. They announced that its subsidiary HempMeds Brasil has signed a partnership agreement for Dr. Cannabis. Dr. Cannabis is an ecommerce site that facilitates patient access to medical marijuana, to become the exclusive Brazilian reseller of the Medical Marijuana Inc.’s CBD products.
– Kaya Holdings, Inc. (OTCQB:KAYS), a Canadian legal cannabis company that cultivates medical and recreational cannabis under Kaya Shack and Kaya Farms brands, announced that it has launched its Canadian franchise effort, with the appearance of Kaya’s CEO at a Franchise Academy franchise seminar in Toronto.
