
New Jersey deli worth $100 million to merge with bioplastics maker
In New Jersey, a small-town deli with an inexplicable market cap of $100 million—and viral fame as an example of stock market excess and insufficient regulatory oversight—has filed with the SEC to merge with hemp-based plastic company Makamer. The deli’s owner, Hometown International, first came to public attention in April 2021 when hedgie David Einhorn […]