Budding Bonds: Connecting Cannabis Enthusiasts Through Seed Connector

The Daily Hit: October 16, 2024

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News from: Aurora Cannabis, KUSH Collective, Delaware and more.

The Daily Hit is a recap of the top financial news stories for Wednesday, October 16, 2024.

On the Site

Judge gives initial OK to $8M Aurora Cannabis class-action settlement

The suit accused Aurora of engaging in a $21.7 million “round-trip sale” to artificially juice its numbers.

Read more here.

California revokes cannabis license of K.U.S.H. Collective, embargoes company’s products

The embargo affects nearly 200 individual products manufactured or distributed by K.U.S.H.

Read more here.

Delaware governor signs cannabis banking protection bill

The move makes room for institutional access as the state prepares to kick off its adult-use market.

Read more here.

Bright Minds stock jumps over 3,000% in five days

Bright Minds says nothing has material has changed in response to the stock move.

Read more here.

In Other News

RIV Capital

RIV Capital entered a distribution partnership agreement with Siban Holdings, which is broadly known as Nabis, to facilitate distribution for RIV’s branded products to licensed retailers across New York state.

Read more here.

Flora Growth Corp.

Flora Growth Corp. appointed Omar Sharif Jr. as a special advisor to the company, a role in which he will focus on guiding Flora Growth’s initiatives aimed at advancing inclusion, social equity and diversity within both the company and the cannabis industry at large.

Read more here.

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