Jenel Stelton-HoltmeierDecember 29, 2023Tag: SOL Global
Jenel Stelton-HoltmeierDecember 29, 2023
StaffOctober 26, 2023
The Daily Hit is a recap of the top financial news stories for Oct. 26, 2023. On the Site Cannabis Operators Sue US Over the CSA, Intrastate Commerce A coalition of U.S. cannabis operators and investors, including some of the largest multistate operators, filed a lawsuit against U.S. Attorney General Merrick Garland, alleging that the […]
StaffJuly 10, 2023
The Daily Hit is a recap of the top financial news stories for July 10, 2023. On the Site Chicago Atlantic Talks New York’s $150 Million Equity Investment Deal Chicago Atlantic stepped in with a pledge of up to $150 million to the social equity fund for building out New York dispensaries via small business […]
Debra BorchardtJuly 10, 2023
DeFrancesco was also barred from serving as an officer or director of a public company.
Debra BorchardtNovember 1, 2022
SOL Global Investments Corp. (CSE: SOL) (OTCPK: SOLCF) provided its investors with unaudited financials for the third quarter ending Aug. 31, 2022, as the company shifts away from cannabis. Sol Global did not release any revenue figures but instead noted its net losses. For the third quarter, the total loss from investments was $11.2 million […]
Debra BorchardtOctober 29, 2021
SOL Global Investments Corp. (CSE: SOL) (OTCPK: SOLCF) reported an unaudited earnings result for the quarter ending August 31, 2021, with a loss of $62.4 million versus last year’s income of $43.7 million for the same time period. Sol Global noted that this was a negative change of $106.1 million. The company attributed it to […]
Debra BorchardtJune 7, 2021
Cannabis Law Reports reported that Sol Global (OTC: SOLCF) lost the first round in its lawsuit with investor MMCap. Sol Global had filed a case in the state of New York regarding the repayment of a $50 million loan. At the heart of the lawsuit is a big chunk of Verano shares, which MMCap and […]
StaffApril 29, 2021
SOL Global Investments Corp. (OTCPK: SOLCF) provided its investors with unaudited financials for the first quarter ended February 28, 2021, and a general operational update concerning its assets and investments. Sol Global recorded a positive net income of $208 million versus quarter-end February 29, 2020, of $2.9 million. The increase was due to the company […]
Debra BorchardtFebruary 16, 2021
Verano Holdings Corp. (CSE: VRNO) is set to begin trading on February 17 after closing the reverse takeover of Majesta Minerals Inc. and the merger with Alternative Medical Enterprises LLC, Plants of Ruskin GPS, LLC, RVC 360, LLC, and affiliated companies better known as AltMed and sometimes referred to as AME. The company noted that […]
Debra BorchardtFebruary 20, 2020
SOL Global Investments Corp. (CSE: SOL) (OTCPK: SOLCF) portfolio company CannCure Investments has entered into a definitive business combination agreement with Goldstream Minerals Inc. The deal was previously announced in January and the companies are planning a reverse takeover of Goldstream by CannCure. According to the company statement, the resulting company will initially operate in […]
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