Meet Moelis’ Banker in Growing Cannabis Space: Bloomberg Deals

Hi, it’s Crystal Tse in New York. Today, we’re looking at the potential of cannabis deals should federal regulations ease. Plus, Hong Kong’s biggest IPO of the year breaks even and Novartis looks to spin off a generics unit.

Today’s top stories

• Francisco Partners hears the deal music.

• CTG’s IPO falls flat.

• An activist is pushing for a sale of this barge operator.

• Novartis spinning off a big business.

• Bed Bath in talks with this investor for line of credit.

In the Weeds

Moelis—the go-to bank for Las Vegas casino owners and Middle Eastern royals—is tackling a new sector: cannabis.

Since 2018, the boutique has ...