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Merchan's departure comes after a successful tenure expanding Flora Growth into a major cannabis player.

"We're getting some great results from a margin perspective, 60% margin, 65% margins on those categories."- Luis Merchan

The ruling doesn't approve or deny the proposed Viva Avianca merger, but orders it be reconsidered by the civil aviation authority.

Avianca says that it was informed by Viva's aircraft lessors about delays in the payment of their financial commitments.

Flora Growth grows, cultivates, and develops products derived from medicinal cannabis that are sold to pharmacies, clinics, and cosmetic businesses worldwide.

Tracxn also publishes annual reports and sector specific reports for other geographies, including India, North America, Singapore, EMEA region,etc.

CHICAGO—(Business Wire)–Fitch Ratings has affirmed the long-term foreign and local currency Issuer Default Ratings (IDRs) of Millicom International Cellular, S.A. (Millicom) (STO:MIC-SDB) at ‘BB+’ with a Stable Outlook. Fitch has also affirmed Millicom’s...

Global law firm Baker & McKenzie has launched the Cross Border M&A Index, a study in conjunction with Merger Market, which forecasts a 10% growth in cross border M&A transactions driven primarily by the US, EU, and Asian markets. Still, of the $375 billion (USD)...

Fitch Ratings announced this week that the US based ratings firm expects that favorable financing conditions and projected GDP growth of 3.5% for 2015 bode well for mergers and acquisitions (M&A) activity in the Colombian corporate sector. ‘Colombia has become a vibrant...