The Cann Group Ltd (ASX: CAN) share price has rocketed up today on news the company has shipped its first order to a supply partner in the United Kingdom. At the time of writing, the Cann share price is up 13.3% at 56 cents after reaching an early high of 57.5 cents.

What did Cann announce?

In today’s release, Cann advised that United Kingdom distribution partner, Astral Health has received its first shipment of medicinal cannabis oil.

Astral Heath, a member of the LYPHE Group, took delivery of the products as part of LYPHE’s participation in Project Twenty21.

The exclusive supply agreement was formed with Astral Health in May 2020. The contract is valid for 5 years and will see Cann provide medicinal cannabis products to LYPHE through the Project Twenty21 initiative.

What is the LYPHE group?

The LYPHE Group is a leading European company that provides medicinal cannabis across an array of distribution channels. These include medicinal cannabis clinics, online pharmacies, and healthcare practitioner training.

More on Project Twenty21

Launched in November 2019, Project Twenty21 is a registry that enables access patients to acquire medical cannabis. In addition, the program records information on how effective the treatment is on each patient.

So far, more than 8,000 patients have enrolled into the registry through healthcare clinics or subscribing independently. This has made it the largest medicinal cannabis recruitment program undertaken in Europe. By the end of 2021, Project Twenty21 aims to enlist more than 20,000 patients, further improving access to treatment.

What did management say?

Cann Group CEO Shane Duncan said the company had worked hard to obtain all the necessary permit approvals.

With UK doctors able to prescribe Cann’s medicinal cannabis products to patients from next week, he said:

It is an exciting step forward to get this first shipment off to support such a significant initiative in the UK, which helps position Cann as a leading supplier of medical cannabis in international markets that are continuing to gain momentum.

Cann share price summary

The Cann share price has been hit particularly hard during the wider COVID-19 market selloff this year. Its shares plunged from a 52-week high of $1.83 in January to an all-time low of 29 cents in October. That reflects an 84% decrease for shareholders over that period of time.

Although the Cann share price has surged higher today, it still has a long way to go to reach pre COVID-19 levels.

More reading

• 5 top ASX cannabis shares in 2020
• ASX pot stocks have been skyrocketing in December
• Why the Cann Group (ASX:CAN) share price is up 76% this week
• Cann (ASX:CAN) share price flying after AGM
• Cann Group (ASX:CAN) share price rockets on NAB (ASX:NAB) update

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Unibail-Rodamco-Westfield (ASX: URW) share price is falling this morning after the latest acquisition announcement from the European-based real estate group.

At the time of writing, the Unibail share price is trading down 3.28% at $4.72.

What is Unibail-Rodamco-Westfield?

The group is Europe’s largest commercial real estate company and trades as a real estate investment trust (REIT) on the ASX.

Unibail purchased the USA and UK Westfield assets for a reported US$24.8 billion in Decenber 2017. The Australian and New Zealand Westfields centres remain under the control of Scentre Group (ASX: SCG).

What did the property group announce?

Unibail announced yesterday that it will sell several office assets out of the group. The real estate group has entered into separate agreements with several French institutional investors for the sale of its Village 3, Village 4 and Village 6 office buildings.

The total net disposal price of €213 million (A$343.7 million) represents a premium to the last unaffected book value.

The transactions are subject to standard conditions precedent and expected to close in the first quarter 2021.

The latest disposals are part of Unibail’s €4 billion (A$6.5 billion) disposal program, with the company having completed €0.8 billion (A$1.3 billion) once these transactions settle.

How has the Unibail share price performed?

Shares in the Aussie REIT have been steaming home ahead of Christmas and the New Year. The Unibail share price has rocketed 70.0% higher since November 9 and is currently trading at $4.72 per share.

However, the group’s shares are still trading well below their $11.40 52-week high set in December 2019. 

The Unibail share price has still fallen 56.6% for the year. Coronavirus concerns continue to weigh on the REITs as profitability remains under pressure.

Foolish takeaway

The Unibail share price is one to watch this morning as the European real estate manager continues on with its €4 billion asset disposal program.

The S&P/ASX 200 Index (ASX: XJO) closed flat on Monday at 6,699.9 points in a middling start to the week.

More reading

• US Congress finally confirms more stimulus. Higher markets to follow?
• 5 things to watch on the ASX 200 on Tuesday
• ASX 200 ends slightly down
• Why the Medibank (ASX:MPL) share price surged 4% higher today
• What will happen when Tesla (NASDAQ:TSLA) joins the S&P 500 today?

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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BHP Group Ltd (ASX: BHP), Fortescue Metals Group Limited (ASX: FMG), and Rio Tinto Limited (ASX: RIO) shares are dropping lower today despite a big jump in the iron ore price on Monday.

According to CommSec, the spot iron ore price jumped a massive 7.8% higher to US$176.90 a tonne. This means the steel making ingredient is trading at a nine-year high.

Why did the iron ore price jump higher?

The iron ore price jumped higher yesterday amid concerns over a supply outage at one of Vale’s mines in Brazil.

According to Reuters, a landslide at the mine near the site of the 2019 Brumadinho dam disaster tragically buried and killed a worker on Friday.

The worker, who was employed by a Vale contractor, was in a bulldozer when the side of a pit collapsed at the Corrego do Feijao mine.

While the extent to which Vale’s production will be affected following the accident remains unclear, traders appear to believe the suspension of activities will have a big impact on Vale’s iron ore production in the near term. This has driven the spot price to levels not seen since 2011.

What does this mean for the iron ore miners?

With the iron ore price fetching US$176.90 a tonne, BHP, Fortescue, and Rio Tinto are generating significant free cash flow from their iron ore operations.

For example, BHP’s cost guidance for iron ore in FY 2021 is US$13 a tonne to US$14 a tonne. Whereas Fortescue is currently pulling iron ore out of the ground with a C1 cost of just US$12.74 per wet metric tonne. Finally, Rio Tinto is targeting Pilbara iron ore unit costs of US$14 to US$15 per tonne.

With prices as high as they are and these miners boasting such low costs, it will come as no surprise to learn that they are being tipped as generous dividend payers in 2021.

More reading

• 2 ASX shares with huge fully franked yields
• ASX 200 Weekly Wrap: ASX hits new post-March high
• How useful is the P/E ratio in assessing ASX shares?
• UBS unveils its latest ASX “buy” idea for 2021
• Why Bapcor, Fortescue, Nufarm, & Saracen shares are pushing higher

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Zip Co Ltd (ASX: Z1P) share price continued its theme of underperformance on Monday, falling another 5% to a 7-month low of $5.17. As the Zip share price begins to approach pre-QuadPay acquisition levels, could it be a buy? 

Macquarie cautious on Zip share price 

Macquarie Group Ltd (ASX: MQG) cautiously raised its Zip share price target from $4.95 to $5.05 while retaining an underperform rating last Friday. The broker sees the recent capital raising as a small positive but notes building risks. 

Zip capital raising to fuel growth

Zip successfully completed a $120 million capital raising last Thursday to fuel its growth in existing countries, explore new markets and further product expansion. 

The issue price for the placement shares was $5.34, representing a 4.1% discount to its last traded price pre-capital raising on 16 December. The placement represents approximately 4.3% of its total issued capital before the placement. 

Zip capital raising updates 

US growth is accelerating 

Zip’s capital raising presentation highlights that 58% of the raise, or $85 million, will be used to continue the company’s growth trajectory in the United States. The US represents an addressable retail market of $5 trillion and a significant opportunity to capture market share. Zip’s growth so far has been strong, with November 2020 transactions increasing 205% to $264.2 million compared to November 2019. Its figures come as no surprise given a recent Afterpay Ltd (ASX: APT) update highlighted a 186% increase in sales to $1.0 billion for the month of November, compared to the prior corresponding period. 

New markets division to capitalise on global opportunity 

Zip recently set up a ‘new markets’ division. According to the company, the division leverages deep expertise and executes across product, engineering, regulatory and growth functions to tailor its entry to local requirements and consumers. 

This division has hit the ground running with investments in two high-performing, culturally aligned existing players to quickly gain access and acquire customers. 

These include Spotii, a buy now, pay later (BNPL) player headquartered in the United Arab Emirates focused on the Gulf Cooperation Council (GCC) region. Zip believes that, together, the two companies will provide a wealth of new opportunities for GCC merchants, drive new customer acquisition, accelerate revenue growth and expand the local BNPL market. 

Zip has also entered into a non-binding agreement with Twisto, a payments platform operational in Czechia and Poland. Its position in the European Union may also open the ability to license across the rest of Europe. 

Bring further scale to Zip business 

Arguably, Zip’s operation in the small business space could be seen as a unique differentiator against other BNPL players. The company has established enterprise partnerships with big names such as eBay Inc and Facebook Inc, to help small businesses access Zip’s buy now pay later digital wallet to help run their business and pay for everyday expenses interest free. 

At the time of writing, the Zip share price is trading nearly 2% lower at $5.07.

More reading

• New BNPL enters ASX: How it promises to be different
• Top brokers name 3 ASX shares to buy next week
• Could this be the saving grace for the Zip Co Ltd (ASX:Z1P) share price?
• Here’s how ASX buy now, pay later (BNPL) shares have performed in 2020
• ASX 200 rises on Thursday

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Lina Lim has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Facebook. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends eBay. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Facebook. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Australia and New Zealand Banking GrpLtd (ASX: ANZ) share price has come under pressure on Tuesday and is dropping lower.

At the time of writing, the banking giant’s shares are down 0.5% to $23.18.

Why is the ANZ share price under pressure?

As well as being dragged lower by the broad market weakness, investors may have been selling shares due to the release of an announcement.

That announcement reveals that the bank’s chief financial officer, Michelle Jablko, has decided to leave the company. This follows her decision to take up a senior role at toll road operator Transurban Group (ASX: TCL).

Ms Jablko has been with the bank since 2016 and has been both its Chief Financial Officer and a member of the bank’s Executive Committee. She was also appointed a director of ANZ Bank New Zealand in March 2018.

ANZ’s Chief Executive Officer, Shayne Elliott, commented: “While we are disappointed Michelle is leaving, we respect her decision and wish her the best in her new role. Michelle can be incredibly proud of all she has achieved at ANZ.”

“As a highly strategic CFO, she has transformed our finance function while also being instrumental in the simplification and strengthening of the organisation. She will always remain a good friend of the bank and I personally thank her for her considerable contribution over the past four and a half years,” Mr Elliott added.

What now?

ANZ has advised that it will conduct an internal and external search for a replacement.

In the meantime, Ms Jablko will transition her duties over the coming months to current Group General Manager Internal Audit Shane Buggle, who will be appointed Acting Chief Financial Officer.

Mr Buggle has with the bank for over 20 years in senior finance roles and was Deputy Chief Financial Officer from 2012 until 2018.

More reading

• ASX 200 Weekly Wrap: ASX hits new post-March high
• 2 blue chip ASX dividend shares to buy next week
• Brokers name 3 ASX shares to buy right now
• 2 blue chip ASX dividend shares to buy
• 3 key takeaways from the ANZ annual general meeting

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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In morning trade the Doctor Care Anywhere Ltd (ASX: DOC) share price has been a strong performer.

At the time of writing, the UK-based telehealth company’s shares are up 11.5% to a record high of $1.34.

This latest gain means the Doctor Care Anywhere share price is now up 68% from its 4 December listing price of 80 cents.

Why is the Doctor Care Anywhere share price pushing higher?

Investors have been buying the company’s shares this morning after it announced the signing of a new channel agreement with Allianz Partners, one of the world’s largest insurance and assistance companies.

Management notes that this marks the company’s first international private medical insurance (iPMI) agreement in Europe following the expansion of its offering to the Republic of Ireland in October.

What does this mean?

This agreement will give Allianz Partners iPMI policyholders and their dependents based in Europe access to Doctor Care Anywhere’s digital health services. This includes its virtual GP consultations.

According to the release, the company is aiming to launch the product in Europe in January 2021. The two parties have signed an “evergreen” agreement with no set expiry period.

Doctor Care Anywhere will receive a fixed price per consultation, with consultations to be provided by the company’s Irish Medical Council-registered clinicians.

The company advised that the new agreement will sit alongside its existing channel relationships with other leading global insurers and hospital groups.

Doctor Care Anywhere’s Founder and CEO, Dr Bayju Thakar, commented: “We are thrilled by the opportunity to work with another world leading insurer; this is further recognition of the value that the Doctor Care Anywhere platform brings to patients, payors and providers.”

“Being engaged by Allianz Partners adds to the company’s growth trajectory and supports our ability to service patient needs globally. This agreement is integral to our strategic plans for 2021 and beyond, helping us to deliver joined-up, accessible, quality health and disease care in the UK and globally,” he concluded.

More reading

• ASX 200 goes up on Friday
• Doctor Care Anywhere (ASX:DOC) share price rockets 37% higher after its IPO
• Why Cashrewards, Doctor Care Anywhere, Kogan, & Treasury Wine are pushing higher

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you’re interested in investing in some promising mid cap shares, then you may want to take a look at the ones listed below.

Both have a lot of potential and have been rated as buys recently. Here’s what you need to know about them:

Adore Beauty Group Limited (ASX: ABY)

Adore Beauty is a growing online beauty retailer that could be worth a closer look. At the last count, the company had over 590,000 active customers in an Australian beauty and personal market worth ~$11 billion a year at present.

Due to the growing popularity of its website and the ongoing shift to online shopping, it appears well-placed to capture a growing slice of this market over the next decade.

Analysts at Morgan Stanley believe the company’s shares are in the buy zone right now. Especially after the sizeable pullback in its share price since listing on the Australian share market. After landing on the ASX with a listing price of $6.75, its shares are now down 24% at $5.10.

This is notably lower than what Morgan Stanley believes its shares are worth. It has an overweight rating and $8.35 price target on the company’s shares. 

Kogan.com Ltd (ASX: KGN)

Kogan is one of Australia’s leading ecommerce companies. It has been a big winner from the shift to online shopping caused by the pandemic in 2020. This has led to the company recording a huge lift in active customers and an even greater lift in its sales and earnings.

Pleasingly for the company, the shift to online shopping is still only in its infancy and has a lot further to go over the next decade or two. Which, given the strength of its offering and the popularity of its Marketplace, appears to have put Kogan in a strong position for growth over the long term.

In addition to this, the company has been bolstering its growing inorganically with acquisitions. One of these was announced recently with the $122 million acquisition of New Zealand-based Mighty Ape.

Analysts at Credit Suisse were pleased with this acquisition and upgraded Kogan’s shares to an outperform rating with a $20.60 price target.

More reading

• Here’s why the Kogan.com (ASX:KGN) share price jumped over 7% higher today
• Why City Chic, Kogan, Next Science, & NIB shares are charging higher
• 3 fantastic ASX growth shares to buy in 2021
• Here’s how Nuix (ASX:NXL) and these recent IPOs are performing since listing
• 2 highly rated mid cap ASX shares to buy for 2021

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Kogan.com ltd. The Motley Fool Australia has recommended Kogan.com ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Magellan Financial Group Ltd (ASX: MFG) share price will be one to watch today after the Aussie investment group announced its latest acquisition.

What did Magellan announce this morning?

The listed investment company (LIC) announced that it is wading into the global fast food industry. Magellan has entered into an agreement to acquire a 10% stake in Guzman y Gomez (Holdings) Limited (GYG). 

GYG is a well-known, Australian-based quick service restaurant chain with a focus on Mexican cuisine. The group currently has 147 restaurants spanning Australia, Singapore, Japan and the United States.

The 10% shareholding is set to cost Magellan $86.8 million in cash, with completion conditional on GYG shareholder approval in late January 2021. The announcement makes the Magellan share price worth watching in early trade on Tuesday.

The acquisition will fall under Magellan’s Principal Investments business. Magellan will hold a non-executive director position but have no active day-to-day role in GYG.

Magellan Chairman Hamish Douglass said the investment company is “extremely pleased” to be come a GYG shareholder. The group will look to leverage its “deep investment experience” in the quick service restaurant industry as a major investor and supportive shareholder.

How has the Magellan share price performed this year?

There’s no doubt the coronavirus pandemic and subsequent response has wreaked havoc on markets this year. The S&P/ASX 200 Index (ASX: XJO) has edged 0.3% lower to 6,669.9 points this year while the Magellan share price has also struggled.

Shares in the Aussie LIC are down 4.4% since the start of January to $55.18 per share. Magellan currently has a market capitalisation of $10.1 billion and is trading near the middle of its 52-week range.

Magellan shares are yielding 3.9% per annum right now with a price-to-earnings (P/E) ratio of 25.3.

Foolish takeaway

It will be interesting to see how the the Magellan share price performs today as investors digest news of the group’s latest acquisition.

More reading

• Magellan (ASX:MFG) launches new ETF offerings
• How to turn $20,000 into $950,000 in 10 years with ASX shares
• These were the worst performing ASX 200 shares last week
• Why the Magellan (ASX:MFG) share price dipped lower today
• Top brokers name 3 ASX shares to sell today

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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For many investors, blue chip shares are the foundation on which they build their portfolio.

This is due to the strength of their business models and often their long track record of delivering consistent earnings growth.

But which blue chip shares would be good options today? Two to consider are listed below:

ResMed Inc. (ASX: RMD)

The first blue chip share to look at is ResMed. It is a medical device company with a focus on sleep treatment products and ventilators. It has been growing at a consistently strong rate over the last decade and looks well-placed to continue this positive form. 

This is due to its world-class, cloud-connected hardware and software solutions and its huge addressable market. Management currently estimates that there are 936 million people with sleep apnoea globally. With the majority of these sufferers undiagnosed, it gives the company a significant runway for growth.

In addition to this, the company notes that there are 380 million people who suffer from chronic obstructive pulmonary disease (COPD) and over 340 million people living with asthma. That’s a further 720 million people that could benefit from ResMed’s products.

Last month, analysts at Morgans put an add rating and $30.99 price target on the company’s shares.

Telstra Corporation Ltd (ASX: TLS)

Another blue chip to look at its Telstra. While times have been hard for the telco giant, things are starting to look a lot rosier. This is thanks to its T22 strategy delivering on its objectives, the NBN headwind easing, and 5G internet taking off.

In addition to this, the company recently announced plans to split into three separate entities. This is expected to unlock value for shareholders.

One broker that is a fan of its plan is Credit Suisse. In response to the news, the broker retained its outperform rating and $3.85 price target on its shares. Its analysts believe Telstra’s plan reinforces its view around the underlying value of Telstra’s assets.

Another positive is that the broker believes Telstra will maintain its 16 cents per share fully franked dividend for the foreseeable future. Based on the current Telstra share price, this represents a fully franked 5.3% dividend yield.

More reading

• Cimic (ASX:CIM) share price falls despite positive update
• Forecast double-digit surge in Aussie dollar could put brakes on ASX rally in 2021
• ASX 200 Weekly Wrap: ASX hits new post-March high
• 2 of the best ASX growth shares to buy for 2021 and beyond
• Buy Telstra (ASX:TLS) shares instead of term deposits

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool Australia has recommended ResMed Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Newly ASX-listed companies such as Douugh Ltd (ASX: DOU), Cosol Ltd (ASX: COS) and 4D Medical Ltd (ASX: 4DX) have hit the ground running to deliver triple digit returns for their investors whilst some initial public offerings (IPOs) just never took off. Here are two of the worst performing IPOs from 2020. 

Youfoodz Holdings Ltd (ASX: YFZ)

According to Youfoodz, the company specialises in the production and distribution of high quality and affordable, ready-made meals and other convenience food products for residential, retail and corporate customers. The business operates three production facilities in Brisbane and has developed a scalable, proprietary in-house technology system to optimise production and supply-chain management across its centres. Its facilities produce more than 350,000 ready-made meals, 80,000 snacks and 25,000 drinks per week on average. 

The Youfoodz IPO had an offer price of $1.50 per share but its shares sank more than 30% to $1.05 on their first day of listing, and closed at 96 cents on Monday this week. The company has had a bumpy growth journey, delivering $123.3 million, $156.6 million and $127.3 million in revenue between FY18 to FY20 respectively.

Across those three years, Youfoodz reported a net loss after tax of $17.1 million, $34.6 million and $6.2 million respectively. Youfoodz is forecasting FY21 net revenue of $149.9 or a 17.7% increase in FY20. To achieve this, the company is focused on executing five key growth initiatives which include: 

• Capturing underlying market and category growth. 
• Growing segment market share and average order value through new offerings.
• Improving customer retention with a subscription model and loyalty program.
• Driving manufacturing automation and other efficiencies from a new, purpose-built manufacturing facility. 
• Selectively targeting new geographies.

Zebit Inc (ASX: ZBT) 

Zebit is a United States-based e-commerce merchant that also provides a financing solution to its customers via an in-house and proprietary buy now, pay later solution. It currently offers over 90,000 products across more than 25 product categories such as electronics, appliances, home décor, furniture, and beauty. 

There are approximately 119.8 million US adults who have a credit score that is below prime and subprime categories, or have a thin/stale credit record. Zebit defines these 119.8 million US adults as “financially underserved customers” because of the lack of cost-effective or mainstream credit options available to them. Zebit sees itself as one of the first e-commerce companies to address this large, underserved consumer base in the US with its in-house BNPL solution. 

The company achieved a record Black Friday performance with $1.63 million in net sales on the day, or an increase of 29.9% compared to Black Friday 2019. It also delivered total net sales of $23.5 million for the first two months of Q4 2020 or an increase of 21.7% on the prior corresponding period. Despite the company’s confidence in achieving its prospectus forecast, its shares closed at 98 cents yesterday, down nearly 35% from its offer price of $1.50. 

More reading

• Here’s how ASX buy now, pay later (BNPL) shares have performed in 2020
• Youfoodz (ASX:YFZ) share price crashes 25% lower following IPO
• Zebit (ASX:ZBT) share price higher on record Black Friday performance

Motley Fool contributor Lina Lim has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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