BHP Group PLC
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Materials : Metals & Mining | Large Cap Value
Based in United KingdomCompany profile

BHP Group PLC, formerly BHP Billiton Plc, is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas. The Copper segment is engaged in mining of copper, silver, lead, zinc, molybdenum, uranium and gold. The Iron Ore segment is engaged in mining of iron ore. The Coal segment is engaged in mining of metallurgical coal and thermal (energy) coal. Its businesses include Minerals Australia, Minerals Americas, Petroleum and Marketing. It extracts and processes minerals, oil and gas from its production operations located primarily in Australia and the Americas. It manages product distribution through its global logistics chain, including freight and pipeline transportation.

Closing Price
$46.46
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
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Volume
(Light)
Volume:
0

10-day average volume:
1,530,490
0

UPDATE: Canopy Growth-backed pot company lists on CSE, valued at $480 million

6:07 pm ET January 29, 2019 (MarketWatch)
Print

Slang Worldwide Inc. listed on the Canadian Securities Exchange Tuesday and investors valued the Canopy Growth Corp. (WEED.T)-backed cannabis branding and distribution business at C$645 million ($480 million). Slang listed at C$1.50 and closed up 33% at C$1.99 Tuesday, according to CSE data. According to the company's listing documents, it logged net losses of C$23.6 million on pro forma consolidated revenue of C$20.9 million for the nine months that ended Sept. 30. Slang raised C$66 million in September and said in the documents it plans to use the funds to expand the company's operations into Europe and Latin America. Canopy is backing the company through a complex financial arrangement that it uses to comply with the Toronto Stock Exchange policy of delisting pot business that operate in territories where cannabis is federally illegal, as it is in the U.S. Canopy has acquired warrants that allow it to acquire about 20% of Slang if the U.S. legalizes cannabis federally. It also works with Canopy through Agripharm Corp., a Canadian licensed producer that is 40% owned by one of Canopy's subsidiaries. Slang owns 20% of Agripharm. Several licensed producers in Canada, such as Aurora Cannabis Inc. , have similar agreements through warrants to acquire significant stakes in pot companies operating in the U.S., should marijuana's legal status change federally. Slang's co-founders Peter Miller and Billy Levy sold their first weed company, Mettrum Health Corp., to Canopy for C$430 million in 2017. Mettrum was one of the so-called blessed eight, a group of Canadian cannabis companies that received the first approvals to move marijuana genetics from the black market into the legal regime. Aside from one independent company and Tilray Inc. , the remaining members of the blessed eight have been acquired by the likes of Canopy and Aurora. The ETFMG Alternative Harvest ETF (MJ), which tracks a basket of pot stocks, fell 1.7% Tuesday.

-Max A. Cherney; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

January 29, 2019 18:07 ET (23:07 GMT)

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