The Detroit City Council voted unanimously to begin granting licenses to adult-use retailer establishments, growers, processors, safety compliance facilities, temporary marihuana events, microbusinesses, consumption lounges and transporters.The ordinance includes measures to benefit "Legacy Detroiters" and people with prior marijuana convictions. The transaction reflects an implied enterprise value for the Company of approximately $1.3 billion at closing. Click here to see which stock they’re recommending. FinTech Acquisition Corp. III is a special purpose acquisition company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with a focus on the financial technology industry. Save thousands each year. "The Greenlane team is honored to partner with Stundenglass and introduce the Gravity Hookah to our loyal customers, providing them with a truly unique and revolutionary consumption experience." The company raised $345,000,000 in its initial public offering in November 2018 and is listed on the NASDAQ under the symbol "FTAC". The Paya Connect platform is said to combine card, ACH and check acceptance and the company has previously noted strength in the municipal, utility, healthcare, not-for-profit, and education sectors. Surgeon General Jerome Adams said the federal government hopes to quickly review and approve requests from two big drugs makers for emergency approval of their Covid-19 vaccines. This weekend's Barron's cover story discusses whether Ford can be fixed and its stock can double. Does buying gold stocks, or betting on the gold price, make sense, despite vaccine progress and 2020 election results? Oil retreated after a panel of OPEC+ ministers couldn’t reach an agreement on whether to delay January’s oil-output increase. Click here for details. The merger is expected to close in the fourth quarter, pending FinTech III stockholder and regulatory approval. 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CHICAGO, Oct. 16, 2020 /PRNewswire/ -- GTCR, a leading private equity firm, announced today the completion of the transaction involving portfolio company Paya, a … William Blair is acting as financial advisor to Paya. The combined company will operate as Paya and will be listed on Nasdaq under the new symbol PAYA. Given the $59 average price target, shares could rise 312% in the next year. Existing Paya equity holders have the potential to receive an earnout of additional shares of common stock if certain stock price targets are met as set forth in the definitive merger agreement. Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed transaction will be included in the proxy statement / prospectus that FinTech Acquisition Corp. III intends to file with the SEC. Here's the Bull Case" by Jack Hough discusses why Elon Musk's electric-vehicle maker continues its amazing rise, yet the value of Tesla Inc (NASDAQ: TSLA) is now so high that car-making profits alone might not be enough, even looking out a decade and assuming massive market-share gains.See also: Benzinga's Bulls And Bears Of The Week: AstraZeneca, Disney, Ford, GE, Roku And MoreThe consumer-discretionary sector has gained almost 30% in 2020, making it the second-best performer this year, behind only tech, according to Ben Levisohn's "Tesla Is About to Upend This Sector. So what are the best stocks to buy now or put on a watchlist? Global research firm just identified a stock with the potential to "crush Zoom’s gains." Copyright: Benzinga.See more from Benzinga * Click here for options trades from Benzinga * A Weed-Infused Cooking Class For Thanksgiving? The 90-year-old billionaire is taking advantage of low interest rates. The fund will aim at an initial funding target of $10 million and commit to contributing at least 2% of its net income to invest in minority-owned cannabis businesses and donate to organizations seeking to rectify the wrongs of prohibition.Meanwhile, Detroit approved an ordinance that green-lights the licensing process for adult-use marijuana businesses. We will remove this and make the changes needed. Source: navymedicine / Flickr 45. The deal will have an implied enterprise value of … All rights reserved.