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.
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.
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.
Bright Minds stock jumps over 3,000% in five days
Bright Minds says nothing has material has changed in response to the stock move.
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.
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.