News from: 4Front Ventures, New York City, Arkansas, North Dakota, PharmaCielo, and more.
The Daily Hit is a recap of the top financial news stories for Tuesday, July 9, 2024.
On the Site
Chevron ruling ‘confusion’ leads 4Front Ventures to scrap raise
Illinois expansion will continue despite the funding setback.
Times Square to get 3-story cannabis shop
One of the venture’s participants was a party to a lawsuit settled last year with New York regulators.
Cannabis campaigns in Arkansas, North Dakota submit signatures for ballot initiatives
Election officials in both states now have to certify the campaigns both have sufficient voter signatures.
PharmaCielo posts sharp revenue decline, but narrowed loss in first quarter
The firm said that the Ontario Securities Commission lifted a failure-to-file cease trade order.
Village Farms files $200 million offering
Village Farms also recently amended its annual report for 2023.
In Other News
Hempacco Co.
Hempacco Co. Inc. (NASDAQ: HPCO) acquired certain assets from Simtech LLC, MJAC Vending LLC, and Bear Air LLC. The deal includes 120 Nayxs and vending machines with more than 77 active booth placements and any Disney-branded kiosks owned by Simtech.
Kentucky
Starting in January, Kentucky residents can begin applying for medical cannabis cards, but doctors and advanced practice registered nurses can now apply to the Kentucky Board of Medical Licensure or the Kentucky Board of Nursing, respectively, to become medical cannabis practitioners.
Oregon
A regional chapter of the United Food and Commercial Workers submitted what they expect will be more than enough signatures to put an initiative on Oregon’s November ballot to mandate labor peace agreements within the marijuana industry.
