The Daily Hit is a recap of the top financial news stories for Thursday, June 20, 2024.
On the Site
Verano fires back at Goodness Growth in ongoing litigation
Verano wants a trial, while Goodness Growth wants a court to decide the fate of the lawsuit.
New York City cannabis fund to dole out millions in loans to social equity companies
The fund also plans to give out a second round to a broader pool of businesses.
Cronos Group expands GrowCo cannabis joint venture
Cronos will have the option to purchase up to 70% of GrowCo’s expanded production.
MediPharm Labs signs agreement with Remidose for cannabis inhalers, sprays
MediPharm said the deal will bring immediate revenue, as well as open global opportunities.
Earnings
- Aurora Cannabis revenue beats expectations despite tapered loss
- Body and Mind loses another $2.5 million in fiscal third quarter
In Other News
Acreage Holdings
Acreage Holdings named Rebecca Kirk as the company’s chief operating officer, effective July 1.
North Carolina
North Carolina’s Senate approved a measure legalizing medical marijuana in its first of two votes, 33-9, with nine Republicans breaking from the rest of the party to oppose it. If approved a second time, the bill will go to the state House, which has historically blocked Senate attempts to legalize the drug’s medical use.
Delaware social equity
An interactive map launched by the Delaware Office of the Marijuana Commissioner will help residents determine whether they could qualify for a recreational marijuana license through that office’s Social Equity License program.
The post The Daily Hit: June 20, 2024 appeared first on Green Market Report.
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