Fire & Flower Holdings Corp's (OTC:FFLWF) recently completed acquisitions of media outlets Wikileaf and PotGuide is primarily about tech stacking and not media control or amplification, president and CEO Trevor Fencott told Benzinga earlier this week.
While the company does not want to change how the media landscape operates, the surge of M&A deals includes media outlets at a growing rate. With business plans diversifying across the space, how media could be impacted remains unsure.
2021's Cannabis Media M&A Includes Major Names
F&F's activity marks the latest in a summer where major cannabis outlets made moves.
In early August, Leafly announced a go public plan with SPAC Merida Merger Corp. (NASDAQ:MCMJ). Once complete, Merida plans to take Leafly's name, listing on the Nasdaq under the 'LFLY' symbol. The deal appears close, with Leafly COO Sam Martin speaking to Benzinga about the plans on September 15, 2021.
The deal follows similar efforts made by another cannabis media giant, Weedmaps.
In June, parent company WM Holding Company went public through a deal with SPAC Silver Spike Acquisition Corp. Silver Spike changed its name to WM Technology Inc (NASDAQ:MAPS) after the deal's completion.
Top 5 Tech Stocks To Buy For 2023: McGrath RentCorp(MGRC)
McGrath RentCorp, a business to business rental company, rents and sells relocatable modular buildings, electronic test equipment, and liquid and solid containment tanks and boxes in the United States and internationally. It operates through four segments: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex. The Mobile Modular segment rents and sells modular buildings designed for use as classrooms, temporary offices adjacent to existing facilities, sales offices, construction field offices, restroom buildings, health care clinics, child care facilities, office space, and various other purposes; and portable storage containers. The TRS-RenTelco segment rents and sells general purpose electronic test equipment, such as oscilloscopes, amplifiers, analyzers, signal source, and power source test equipment primarily to aerospace, defense, electronics, industrial, research, and semiconductor industries. This segment also provides communications test equipment comprising network and transmission test equipment for various fiber, copper, and wireless networks to the manufacturers of communications equipment and products, electrical and communications installation contractors, field technicians, and service providers. The Adler Tanks segment rents fixed axle steel tanks for storing groundwater, wastewater, volatile organic liquids, sewage, slurry and bio sludge, oil and water mixtures, and chemicals; vacuum containers for sludge and solid materials; dewatering boxes for use in the separation of water contained in sludge and slurry; and roll-off and trash boxes for temporary storage and transportation of solid waste. The Enviroplex segment manufactures and sells modular and portable classrooms directly to public school districts and other educational institutions in California. McGrath RentCorp was founded in 1979 and is headquartered in Livermore, California.
Advisors’ Opinion:
- [By Ethan Ryder]
Datawatch (NASDAQ: DWCH) and Endurance International Group (NASDAQ:EIGI) are both small-cap computer and technology companies, but which is the superior business? We will contrast the two companies based on the strength of their earnings, profitability, risk, analyst recommendations, dividends, institutional ownership and valuation.
Top 5 Tech Stocks To Buy For 2023: CommVault Systems, Inc.(CVLT)
CommVault Systems, Inc. (CommVault), incorporated on April 19, 1996, is a provider of data and information management software applications and related services. The Company develops, markets and sells a suite of software applications and services, primarily in North America, Europe, Australia and Asia, that provides its customers with data protection solutions supporting all operating systems, applications, and databases on virtual and physical servers, Network Attached Storage (NAS) shares, cloud-based infrastructures, and mobile devices; management through a single console; multiple protection methods, including backup and archive, snapshot management, replication, and content indexing for eDiscovery; storage management using deduplication for disk, tape and cloud; integration with the storage arrays; complete virtual infrastructure management supporting multiple hypervisors; security capabilities to limit access to critical data; policy-based data management, and an end user experience that allows them to protect, find and recover their own data using common tools, such as Web browsers, Microsoft Outlook and File Explorer. The Company also provides its customers with a range of professional and customer support services.
Software
The Company offers a range of software, including Commvault software solutions; data protection, backup and recovery, such as virtual machines (VMs) and cloud platforms, databases, e-mail and enterprise applications, file protection and recovery, endpoint data protection and source-side deduplication; cloud and infrastructure management, such as VM and cloud management, snapshot management and workflow automation, and retention and compliance, such as content based retention, enterprise search and e-discovery, e-mail archiving, data loss prevention and secure file sharing. The Company’s Commvault software suite contains solutions that are all built on a single unified code base and platform to protect, manage and access data and information. Within the platform, software features deliver functionality throughout physical and virtual environments to help protect and recover the data.
Its Data Protection, Backup and Recovery software solutions provide enterprise-level backup and recovery from a single, centralized management console. It covers a range of data sources, file types, storage media and backup modes from snapshots to streaming. Its integrated, automated data protection approach provides a single, complete view of all stored data no matter where if it is on premise or in the cloud. Its software solution allows for the backup of databases, files, applications, endpoints and VMs with efficiency according to data type and recovery profile. It also helps to optimize storage with deduplication, recover data and leverage reports to manage backup and recovery processes. Its Cloud and Infrastructure Management software solutions provide a way to manage storage hardware and virtual infrastructure as data volumes grow and more applications move to the cloud. Its single virtual content repository allows users to index, archive and search managed data using its retention and compliance software solutions.
Services
From planning, to deployment, to operations, the Company offers a complete set of technical services, training and support options that manage the operational benefits of its suite of software applications. It offers multiple levels of customer support that can be tailored to the customer’s response needs and business sensitivities. Its customer support services consist of real-time support, technology consulting services, business consulting services and education services. Its support staff is available round the clock by telephone to provide first response and manage the resolution of customer issues. In addition to phone support, its customers have access to an online product support database for help with troubleshooting and operational questions. Its software design is also an element in its customer support, including root cause problem analysis, intelligent alerting and troubleshooting assistance. Its software is directly linked to its online support database allowing customers to analyze problems without engaging its technical support personnel. It also has established support operations in Reading, the United Kingdom; Sydney, Australia, and Shanghai, China, which are complemented by regional support centers in other locations across the world. It offers various customer support services, such as Enterprise Support. Its Enterprise Support service is for customers with critical support needs and builds on its round the clock real-time support deliverables, and includes various levels of services to ensure support and customized reporting. It offers services, such as architecture design; implementation; personalization; data migration, and health assessment. It offers services, such as disaster recovery readiness and policy implementation, private cloud services design, data classification and archive policy implementation, and operational efficiency assessment. It provides global onsite training, offsite training and self-paced online alternatives for its products.
The Company competes with EMC, IBM, Veritas and Veeam.
Advisors’ Opinion:
- [By Shane Hupp]
Get a free copy of the Zacks research report on CommVault Systems (CVLT)
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- [By Stephan Byrd]
Get a free copy of the Zacks research report on CommVault Systems (CVLT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Joseph Griffin]
CommVault Systems, Inc. (NASDAQ:CVLT) has been assigned an average rating of “Buy” from the eleven analysts that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $76.57.
