Daily Hit Archives

StaffJune 22, 2023

The Daily Hit is a recap of the top financial news stories for June 22, 2023. On the Site Canopy Growth Sees More Than $3 Billion in Losses Canada-based cannabis industry leader Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) has reported steep rising losses worth more than C$3 billion. Canopy posted revenue of C$87.54 million for the fourth […]

StaffJanuary 30, 2023

The Daily Hit is a recap of the top financial news stories for January 30, 2023. On the Site IIP An investor group is suing Innovative Industrial Properties (IIP) (NYSE: IIPR) for not doing proper due diligence in its Kings Garden investment. Investor Michael Mallozzi originally sued IIP in April 2022, when the Blue Orca […]

StaffJanuary 12, 2023

The Daily Hit is a recap of the top financial news stories for January 12, 2023. On The Site Organigram Earnings Beat Share prices for Organigram Holdings Inc. (Nasdaq: OGI) (TSX: OGI) were up nearly 8% in early Thursday trading after results illustrated the company’s financial discipline, as it trimmed losses and posted revenues that beat […]

StaffSeptember 12, 2022

The Daily Hit is a recap of cannabis business news for Sept. 12, 2022. ON THE SITE Bummer Summer Cantor Fitzgerald cannabis analyst Pablo Zuanic published a report on the negative trends impacting the industry. Price compression along with increased competition has made the retail environment a challenging one. Sales in July and August are […]

Debra BorchardtJune 14, 2022

The Daily Hit is a recap of the top cannabis business stories for June 13, 2022. Due to technical difficulties, we were unable to publish this recap yesterday. ON THE SITE High Times on the Hook for $5M in Back Rent Harvest Health or rather Trulieve (OTC: TCNNF) since it bought Harvest Health must be […]

StaffJune 7, 2022

The Daily Hit is a recap of the top cannabis business stories for June 7, 2022. ON THE SITE New Jersey Cannabis Sales Fire Up Expansion With just 12 dispensaries open in the state, New Jersey still managed to ring up $24 million in sales in the first month. That’s roughly $5 million a week. […]

StaffMay 31, 2022

The Daily Hit is a recap of the top business stories in the cannabis industry for May 31, 2022. On the Site Cansortium Cansortium Inc. (CSE: TIUM.U) (OTCQX: CNTMF) announced interim unaudited financial results for the first quarter ending March 31, 2022. Cansortium said that revenue increased 30% to $19.7 million compared to $15.1 million […]

StaffMay 17, 2022

The Daily Hit is a recap of the top cannabis business stories for May 17, 2022. On the Site Halo Halo Collective Inc. (NEO: HALO) (OTCQB: HCANF) announced its financial results for the first quarter ending March 31, 2022, as revenue declined 23% to $7.6 million versus revenue of $9.9 million for the same time […]

StaffMay 16, 2022

The Daily Hit is a recap of the top cannabis business stories on May 16, 2022. On The Site Charlotte’s Web Charlotte’s Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF) reported financial results for the first quarter ending March 31, 2022 as net revenue fell 17% to $19.4 million versus $23.4 million for the same time […]

StaffMay 11, 2022

The Daily Hit is a recap of the top cannabis business stories for May 11, 2022. ON THE SITE Ascend Wellness Holdings Ascend Wellness Holdings, Inc. (CSE: AAWH.U) (OTCQX: AAWH) reported its financial results for the first quarter ending March 31, 2022. Total revenue of $101.2 million decreased 0.8% quarter-over-quarter and increased 33.4% year-over-year. Ascend […]

Lykos Therapeutics Secures $100M in Series A Funding, Rebrands from MAPS PBC

Functional Mushrooms Move Into Mainstream as Wellness Trend Grows

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The Daily Hit: June 22, 2023

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Lykos Therapeutics Secures $100M in Series A Funding, Rebrands from MAPS PBC

Functional Mushrooms Move Into Mainstream as Wellness Trend Grows

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