Satori Resources, Inc is a Canadian junior mining company that has newly entered the marijuana industry. While it continues to explore mineral properties, the company has recently started to consider and form partnerships for the growing and cultivation of medicinal cannabis.
The history of Satori Resources began with St. Eugene Mining Corporation Limited, its predecessor company. When St. Eugene Mining was acquired in 2012 by Claude Resources, Inc, Satori was created as a spin-off company.
Today, Satori Resources is traded in the TSX Venture Exchange under the symbol BUD. Its market cap is at CAD 1.47 M.
Among the company’s recent developments are the partnerships it has formed this year in the medical marijuana sector. In April, it partnered up with Jourdan Resources, Inc to test and develop rock phosphate as a plant fertilizer, especially for medical marijuana. The company also has an exclusive agreement with Homegrown Hydroponics, a cultivation company, to develop and distribute marijuana-growing products.
To top these off, Satori Resources appointed Bill Christie, a licensed cannabis grower, as the company’s Communications and Marketing Head. As such, Christie is tasked with establishing Satori’s presence in the cannabis industry through online channels, among others.
Meanwhile, for its mineral exploration, Satori holds 100% interest in the Tartan Lake Gold Mine Project, in a Manitoba region called Flin Flon Greenstone Belt. This historic gold mine is noted for producing 45,000 ounces of gold in the 1987-1989 period. After that, it was shut down due to the unfavorable economy, then passed through several companies until Satori acquired it in 2012. According to a recent estimate, the resource still has 130,000 ounces of gold.
The top executives at Satori Resources, Inc are CEO and President Walter C. Henry, Executive Chair Jennifer L. Boyle, CFO Jeffrey Keith Kilborn, and Advisor Scott Walters.
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Anheuser Busch Inbev NV (NYSE: BUD) will "create goodwill" by foregoing its traditional humorous SuperBowl commercials in favor of ones that support vaccine awareness. What Happened: Budweiser's decision to end its multi-decade long tradition of creating funny commercials for the NFL's big match may come as a surprise, according to Arian Bassari, Consumer Analyst at GlobalData. But a focus on promoting the benefits of a vaccine against the novel coronavirus could improve its brand image that was impacted during the pandemic. GlobalData surveys found that 37% of U.S. consumers want brands they follow to take a more proactive approach during the pandemic. "Not running an ad might seem counterintuitive, given the loss of revenue, but Budweiser clearly sees the bigger picture – as long as the virus continues, the market will continue to suffer," Bassari wrote in a release. Related Link: Corona Beer Sales Reportedly Unaffected By Unfortunate Name Association Why It's Important: Budweiser and its parent company have certainly been impacted during the pandemic given the devastating impact on bars, hotels, restaurants and the broader foodservice industry. GlobalData surveys found that beer and alcohol drinks have become "less important" for price-sensitive groups than before the pandemic. What's Next: Major brands that advocate for the public to vaccinate themselves as quickly as possible will "benefit from attaching themselves to what is very much the main focus of the government," Bassari said. Anheuser Busch Inbev's stock traded lower by 2.9% to $64.64b at publication time. See more from BenzingaClick here for options trades from BenzingaWWE Network Is Moving To NBC's PeacockTelsey Downgrades GameStop, Expects Shares To Return To A 'More Normal' Valuation© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Many people know Altria Group (NYSE: MO) as the tobacco conglomerate that owns the famous Marlboro brand. This stake is currently worth north of $13 billion and plays a big part in calculating the intrinsic value of Altria. While it can pay to diversify, Altria management should seriously consider selling its stake in Anheuser Busch.
This year has already started with a bang, and with a “blue wave” looming over the United States, three industries could be ready to explode
(Bloomberg) -- Kuaishou Technology, the main rival to ByteDance Ltd., has received approval from the Hong Kong stock exchange for an initial public offering of about $5 billion, according to people familiar with the matter, paving the way for one of the city’s biggest listings of the year.The Tencent Holdings Ltd.-backed short video startup plans to begin gauging demand for its IPO as soon as next week, one of the people said, asking not to be identified as the information isn’t public. Kuaishou is angling for a valuation of $50 billion, almost twice the recent estimate, Bloomberg News has reported.A representative for Kuaishou had no immediate comment.Kuaishou, which means “fast hand” in Chinese, is set to win the race against larger rival ByteDance in going public. The owner of the wildly popular apps TikTok and Douyin is in discussions to raise $2 billion privately before listing some of its businesses in Hong Kong, Bloomberg News reported last year.Why Trump Is Threatening Your Teen’s Favorite App: QuickTakeAt $5 billion, Kuaishou’s IPO will be the city’s biggest float since Anheuser-Busch InBev SA’s Asian unit raised $5.8 billion in 2019, excluding the secondary listing of Alibaba Group Holding Ltd. in the same year, data compiled by Bloomberg show.Kuaishou and ByteDance represent a generation of Chinese tech startups that have risen to the fore thanks to a surge in short video, challenging the dominance of Tencent and Alibaba.Kuaishou established its popularity among users in smaller cities and rural areas, with people streaming slices of everyday life from harvesting corn to slurping noodles. It’s since expanded to audiences in bigger cities, hosting content ranging from people playing video games to teenagers lip-syncing pop songs, much like ByteDance’s global app TikTok and its domestic Chinese version, Douyin.Access to Kuaishou’s main app is free, and the startup takes a cut of the tips users give their favorite live-streaming performers. The company was last valued by Pitchbook at $28.6 billion after a February funding round. At $50 billion, it would surpass SpaceX to become the world’s third most valuable private company, according to CB Insights.Read More: TikTok Gives Rare Look Into U.K. Business With $119 Million LossTencent has about a 21.6% stake in Kuaishou, and other backers include venture capital firms DCM, DST Global and Sequoia Capital China, according to a preliminary prospectus.Morgan Stanley, Bank of America Corp. and China Renaissance Holdings Ltd. are joint sponsors of Kuaishou’s proposed IPO.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Anheuser-Busch InBev, the world's largest beer maker, has merged Vietnam's SAB Beer after having received the approval from the Ministry of Industry and Trade, state media reported. Vietnam, with a population of nearly 98 million, is seen as one of the most attractive markets in the region for brewers, with beer sales seen growing by about 10% per year on average for 2010-2020. Following the trade ministry's approval, the merger took into effect from Jan. 2021 and SAB beer Vietnam would no longer exist, Vietnam News Agency (VNA) reported.