The Daily Hit is a recap of the top financial news stories for Monday, April 29, 2024.
On the Site
U.S. Supreme Court takes up RICO case brought by CBD companies
The nation’s high court will hear arguments on whether civil personal injury claims can be brought under federal racketeering statutes.
MedMen declares bankruptcy in Canada, enters receivership in US
The company’s CFO and board of directors also resigned.
Schwazze settles one wage theft lawsuit for $525k, with second case still pending
The still-pending lawsuit levies much more serious allegation, as well, including harassment and witness intimidation.
Arkansas medical marijuana sales eclipse records as prices fall
The price per pound of medical cannabis in the state has fallen roughly 22% over the year.
Clever Leaves plunges 60%, plans Nasdaq exit
The firm’s going private in a bid to reduce costs and streamline operations.
Earnings:
- Cannara Biotech delivers mixed second quarter with a big jump in revenue
- Florida drives revenue growth for Cansortium in 2023
- Wholesale carries Decibel in 2023 as retail chokes
- Red White & Bloom reports rise in revenue, debt for 2023
In Other News
Planet 13
Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) received approval for the proposed sale of Planet 13 Florida Inc. and the proposed acquisition of VidaCann LLC, each of which owns a Medical Marijuana Treatment Center License, from the Florida Office of Medical Marijuana Use.
West Island Brands
West Island Brands Inc. (CSE: WIB) (OTC: WIBFF) has completed a non-brokered private placement financing of 2,051,282 units at a price of C$0.0975 per unit for gross proceeds of up to C$200,000 and confirms issuance of securities.
The post The Daily Hit: April 29, 2024 appeared first on Green Market Report.
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