The Day-to-day Hit is a recap of the major economical information stories for Jan. 31, 2024.
On the Website
New Mexico police raid two dispensaries linked to worldwide criminal offense ring
A multiagency law enforcement team in New Mexico this 7 days raided a pair of unlicensed dispensaries that are allegedly linked to an international criminal offense ring, seizing extra than $1 million in illicit hashish items. Browse extra here.
New York social fairness license winner denied store locale for becoming as well close to an MSO
1 of the 463 social equity marijuana store applicants in New York chosen last yr for a license has been turned down by cannabis regulators because the web page she chose was within just a 1,000 toes of a pre-present clinical dispensary in Manhattan. She now may possibly grow to be the first to formally appeal these types of a ruling to the condition. Read a lot more right here.
AYR Wellness nears completion of credit card debt restructuring prepare
Multistate operator AYR Wellness Inc. (OTCQX: AYRWF) introduced it is shut to finalizing a personal debt restructuring offer that includes its Canadian subsidiary, AYR Wellness Canada. The Miami-based mostly company is portion of a plan of arrangement under Area 192 of the Canada Company Companies Act. Go through a lot more below.
Nextleaf Alternatives rides superior on revenue expansion, personal debt-free of charge milestone
Canadian biotech and hashish processing company Nextleaf Answers Ltd. (CSE: OILS) (OTCQB: OILFF) reported its fiscal yr 2023 effects, exhibiting a increase in earnings and the achievement of a credit card debt-free of charge status. The organization disclosed whole gross earnings of nearly $10 million for the fiscal calendar year, up $4.6 million as opposed to the earlier fiscal calendar year. Study a lot more right here.
In Other News
MedMen Enterprises
Marijuana multistate operator MedMen Enterprises initiated a round of company layoffs on Jan. 26, in accordance to resources with specific facts about the cuts. The range of personnel influenced is unfamiliar, but staff in the Los Angeles-based mostly company’s accounting and promoting departments ended up amid these laid off, sources told MJBizDaily. Study a lot more here.
InterCure Ltd.
InterCure Ltd. (NASDAQ: INCR) (TASE: INCR), which does business enterprise as Canndoc, entered into a share purchase agreement with the shareholders of Leon Pharm Ltd. to purchase the Israel-dependent pharmacy chain specializing in dispensing medical cannabis. Read additional below.
