These up-and-comers are shaking up the retail industry, reinventing what we buy and how. T here’s a mad dash to cash in on Amazon’s blockbuster success by snapping up third-party sellers, and Raunak Nirmal is leading one of the nation’s largest and fastest-growing Amazon aggregators. His company, Acquco, has raised $160 million to acquire businesses that will generate some $250 million in revenue this year. "I've been living and breathing Amazon," says Nirmal, 29, who worked as an analyst at Amazon right out of college and started several Amazon companies himself. Now he's scaling others’ products (household items like shower curtains, bug zappers and milk frothers), a process that includes expanding beyond Amazon to sites such as Walmart, Target and Best Buy. "We think the potential isn't just getting a bunch of brands on Amazon. We think the true potential is turning these brands into true omnichannel brands," says Nirmal, a Sikh who emigrated from India when he was seven …
Pharmaniaga, George Kent, Bintai Kinden, TCS, Awanbiru, KNM, TM, Tan Chong Motor, Samaiden, RGT
- A + A KUALA LUMPUR (Dec 1): Based on corporate announcements and news flow on Wednesday, companies in focus on Thursday (Dec 2) may include: Pharmaniaga Bhd, George Kent (Malaysia) Bhd, Bintai Kinden Corp Bhd, TCS Group Holdings Bhd, Awanbiru Technology Bhd, KNM Group Bhd, Telekom Malaysia Bhd, Tan Chong Motor Holdings Bhd, Samaiden Group Bhd and RGT Bhd. Pharmaniaga Bhd will embark on setting up a halal insulin manufacturing plant at its high-technology plant in Pharmaniaga Lifesciences Puchong, according to the group’s managing director Datuk Zulkarnain Md Eusope. On the other hand, the group’s chief financial officer Noraini Mohamed Ali said the company had earmarked a capital expenditure of RM107 million for FY21 for its manufacturing division, specifically its halal vaccine and insulin plant, while a further RM295 million is earmarked in FY22 for its logistics and distribution division. George Kent (Malaysia) Bhd has signed a memorandum of understanding …
Will Sundial Growers Acquire Another Company in 2022?
Prior to it becoming a popular meme stock earlier this year, Sundial Growers ( NASDAQ:SNDL ) was nothing more than a struggling cannabis business that may have found it difficult to stand apart from other pot stocks. However, cash can change a company's prospects and its outlook for the future. With an influx of cash plus multiple acquisitions this year, Sundial Growers is a much different business and is now a top cannabis retailer in Canada. But with the company still holding hundreds of million of dollars worth of cash on the books, it may not be done wheeling and dealing . Should investors expect another acquisition in 2022? Image source: Getty Images. Mergers and acquisitions remain in its plans Sundial acquired retail cannabis business Inner Spirit earlier this year for $131 million Canadian dollars. Most recently, in October, it announced it was buying liquor store operator Alcanna for CA$346 million (which, through a subsidiary, also has pot shops in its …
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2 Reasons Why Shiba Inu Has Surged More Than 30% Today
What happened Today, popular dog-themed cryptocurrency Shiba Inu ( CRYPTO:SHIB ) has surged more than 32% as of 9:30 a.m. ET. This move brings Shiba Inu to new weekly highs, and is a continuation of strong momentum yesterday. There appear to be two key catalysts behind today's price action. First, market-related exuberance appears to be back, with most major cryptocurrencies trading significantly higher today. That said, Shiba Inu is currently the biggest winner out of any top-50 token, suggesting this meme cryptocurrency could have regained its momentum. Second, a company-specific catalyst appears to be at play for Shiba Inu today. The Kraken exchange announced it would be supporting Shiba Inu from Nov. 30 on. Image source: Getty Images. So what Because it's a meme token, momentum is everything for Shiba Inu. Strength in the crypto markets, combined with strong search trends for Shiba Inu this past week, could mean retail investor interest in SHIB is back. …
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3 Leading Cannabis Stocks to Buy for December
Patient, long-term investors tend to do better in the stock market than those who flit in and out of the market, as the S&P 500 has risen almost 270% over the past decade and sets new records almost daily. Having a time horizon that spans years, even decades, will serve marijuana investors well, considering the Horizons Marijuana Life Sciences ETF is down almost 30% since it was created in 2017, compared to a 115% gain by the broad market index. Image source: Getty Images. That doesn't mean all cannabis stocks will need so many years before generating a return, but a buy-and-hold philosophy will ensure your portfolio's gains will be maximized. That's why the following trio of marijuana stocks should be on every pot stock investor's radar. They offer the best chance for providing near-term rewards, as well as substantial returns for years to come. Image source: Getty Images. This lender for the marijuana industry is picking up steam Alex Carchidi (AFC …
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Got $500? 2 Dirt-Cheap Stocks To Buy Right Now
It is a popular misconception that you need a bucket load of money to enter the investing world. But what if you can invest as low as $500 after paying off all the bills and still get rich over time? And as the saying goes, all good things come to those who wait -- a principle that also applies to investing. In an industry that's still at a nascent stage of growth but racing full steam ahead, like marijuana, the old adage holds true all the more. The cannabis industry is loaded with exciting companies that have been performing tremendously well this year. While the popular players in the U.S. cannabis space get all the attention, the smaller ones often get sidelined. But these small-cap multi-state operators (MSO) have been growing revenue with a clear path to profitability while keeping their balance sheets stable. Their expansion plans also look promising. Two such names are Florida-based Jushi Holdings ( OTC:JUSHF ) , and New York-based Columbia Care ( OTC:CCHWF ) . …
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2 Underrated Cannabis Stocks That Could Be Great Buys
If you're a cannabis investor, then you're probably familiar with the top stocks in the sector, such as Aurora Cannabis, Trulieve Cannabis , and Curaleaf Holdings . These stocks have large followings and their shares are active, reflecting that. However, investing in less popular cannabis stocks can be a way to find some good value. Two names that won't be as common unless you've spent a lot of time looking at the sector are Fire & Flower ( OTC:FFLW.F ) and Verano Holdings ( OTC:VRNO.F ) . And they've both been growing at impressive rates. Image source: Getty Images. 1. Fire & Flower Cannabis retailer Fire & Flower is a dominant player in the Canadian pot market, with the company owning 85 stores in the country as of last month. Excitingly, it has also found a way to penetrate the U.S. market through a licensing agreement with cannabis company American Acres -- which now goes by Fire & Flower U.S. Holdings. Although Fire & Flower …
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Should You Put Confluent on Your Investing Watch List?
This company focuses on data streams, allowing businesses to connect, analyze, and integrate data in real time. In this episode of Industry Focus: Tech , host Dylan Lewis is joined by Motley Fool contributor Brian Feroldi. They break down why Confluent checks a lot of the boxes in The Motley Fool's investing approach and why the company is going to have to educate the market. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center . To get started investing, check out our quick-start guide to investing in stocks . A full transcript follows the video. Confluent started trading after this podcast was recorded. This video was recorded on June 18, 2021. Dylan Lewis: It's Friday, June 18th and we're getting together to talk Confluent ( NASDAQ:CFLT ) . I'm the host, Dylan Lewis, and I'm joined by Fool.com's Co-Chief checkup Commander of Core Cloud Computing Companies, Brian Feroldi. Brian, how are you doing? Brian …
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Why Is Everyone Talking About Roku Stock?
Roku 's ( NASDAQ:ROKU ) stock plunged 11% on Nov. 17 after the streaming device and software company was hit by an analyst downgrade. MoffettNathanson analyst Michael Nathanson cut Roku's rating from "neutral" to "sell" and reduced his price target from $330 to $220. In a note to investors, Nathanson said Wall Street's long-term revenue and earnings estimates for Roku were "too damn high." In order to achieve these targets, the company needed to monetize an "absurdly high portion" of its ad impressions on "long-tail" video streams -- content below the level of top-tier hits. Nathanson believes Roku's revenue growth will decelerate, and that its margins will be squeezed by higher content costs and R&D investments. But as Roku's stock declined, Cathie Wood's ARK Invest bought 310,200 additional shares of the streaming company. As of this writing, Roku accounts for 4.92% of her flagship ARK Innovation ETF ( NYSEMKT:ARKK ) and 3.95% of the ARK Next Generation Internet …
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An Old Irish Estate Wants To Change The Way We Buy Rare And Investable Whiskey
Share to Twitter Share to Linkedin As whiskey buyers become younger and more eco-conscious, drinks brands are faced with a problem: How can they convince these new consumers that their spirits are sustainable? "It's sad to see one of them felled," says David Walsh-Kemmis, the 13th generation owner of the Ballykilcavan Estate in Ireland. Seven of his oak trees, originally planted by his ancestors over one hundred years ago, have been felled and sold to Irish Distillers, the Ireland-based whiskey arm of Pernod Ricard. From Ireland, the oak trees are shipped to the Spanish region of Galicia and to the Maderbar Sawmills where they are cut into shape. They are then sent south to Jerez to be warmed in the Spanish sun and lightly toasted before being turned into whiskey casks, or "hogsheads." The hogsheads are then returned to Ireland where they are used to "finish" whiskies that Irish Distillers have been keeping in American bourbon casks for somewhere between 13 …