John SchroyerOctober 4, 2022Tag: cannabis
John SchroyerOctober 4, 2022
StaffOctober 4, 2022
The Daily Hit is a recap of cannabis business news for October 4, 2022. ON THE SITE Cantor Gives Irwin Naturals a $7 Target Price Cantor Fitzgerald analyst Pablo Zuanic initiated coverage on supplement company Irwin Naturals Inc. (OTC: IWINF) with an overweight rating and a $7 price target. The stock currently trades at roughly […]
StaffOctober 3, 2022The Daily Hit is a recap of cannabis business news for October 3, 2022. ON THE SITE SEC Charges Eight In Cannabis Stock Promotion Scheme Elegance Brands, Emerald Health Pharmaceutical, and High Times are accused of a stock promotion scheme – The Securities and Exchange Commission announced on September 30 that it had charged eight […]
StaffSeptember 19, 2022The Daily Hit is a recap of cannabis business news for September 19, 2022. ON THE SITE Zeroed In On Germany, Curaleaf Acquires Majority Stake in Four20 Pharma Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) said that it acquired a 55% stake in Four20 Pharma, a top five German producer and distributor of medical cannabis […]
StaffAugust 25, 2022The Daily Hit is a recap of cannabis business news for August 25, 2022. ON THE SITE Aurora Buys $45 Million Majority Stake in Bevo Farms Bevo will take over the shuttered Aurora Sky facility as part of the completed deal. Aurora Cannabis (Nasdaq: ACB, TSX: ACB) acquired a majority stake in grow giant Bevo […]
StaffAugust 24, 2022The Daily Hit is a recap of cannabis business news for August 24, 2022. ON THE SITE TerrAscend Acquires Michigan Chain For $28.5 Million TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF) completed its acquisition of Michigan dispensary chain Pinnacle Emporium from KISA Holdings, LLC, for $28.5 million. The purchase price will be a combination of cash […]
StaffAugust 23, 2022The Daily Hit is a recap of cannabis business news for August 23, 2022. ON THE SITE New Jersey Sales Off to a Hot Start Customer turnout, cross-border demand drive consumption up in the first three months of legal adult-use sales. A tidal wave of demand for pot in New Jersey is driving promising numbers […]
StaffAugust 22, 2022The Daily Hit is a recap of cannabis business news for August 22, 2022. ON THE SITE SNDL Buys Valens in C$138 Billion Deal SNDL Inc. formerly known as Sundial (Nasdaq: SNDL) is buying The Valens Company Inc. (TSX: VLNS) (Nasdaq: VLNS) in a deal valued at C$138 million. That’s an implied value of $1.26 […]
StaffAugust 18, 2022The Daily Hit is a recap of cannabis business news for August 18, 2022. ON THE SITE Ayr Wellness Raises Guidance Despite Headwinds Ayr Wellness Inc. (OTCQX: AYRWF) hiked its outlook for the year on Thursday despite posting results that missed expectations — as sales slip and losses rise. The multi-state operator reported financial results […]
StaffAugust 17, 2022The Daily Hit is a recap of cannabis business news for August 17, 2022. ON THE SITE Cresco Labs Revenue Rises, Maintains Wholesale Leadership Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) rose in early trading Wednesday morning with the company posting positive second-quarter results — reinforcing its position as the largest wholesale cannabis provider as […]
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