The Each day Hit is a recap of the major economic information stories for Sept. 14, 2023.
On the Site
Cover Expansion Bows out of BioSteel
Cover Advancement Corp. (TSX: WEED) (Nasdaq: CGC) will stop funding for its BioSteel Athletics Nourishment unit. Subsequent this, BioSteel has initiated proceedings below Canada’s Companies’ Creditors Arrangement Act. Browse more below.
Oklahoma Supreme Court docket Declines to Rule on MMJ License Payment Hike
The Oklahoma state Supreme Court docket passed on a possibility to rule on the legality of a 2022 monthly bill authorised by the point out legislature that drastically raises quite a few healthcare marijuana business permit fees. The large court docket as an alternative despatched the scenario back again down to a reduce district courtroom. Study more listed here.
Superior Tide Income Improves Yet again, But Even now Dropping Money
Canada-dependent High Tide Inc. (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA) pulled in history revenue of C$124.4 million and absolutely free cash flow of C$4.1 million, but even now posted a C$3.5 million reduction in its 3rd quarter, which finished July 31. Go through additional right here.
MAPS Inches Nearer to Federal New Drug Software for MDMA
The Multidisciplinary Association for Psychedelic Reports announced the productive completion of Stage 3 scientific trials for an MDMA treatment to support people suffering from submit-traumatic pressure dysfunction, and claimed it delivers the team a key step closer to filing a federal request to carry the cure to current market. Browse far more here.
Eco-friendly Market Report Names New York Cannabis Award Winners
Navigating the New York hashish current market these times needs resilience and creative imagination – just a couple of the properties shared by the winners of the initial ever Inexperienced Current market Report New York Hashish Awards. The awards have been introduced at the GMR New York Cannabis Summit in New York City on Sept. 13. Read extra right here.
In Other News
Japanese Band of Cherokee Indians
Over the upcoming couple of months, hundreds of medical cannabis individual playing cards will be headed to North Carolinians who’ve applied to the Jap Band of Cherokee Indians medical hashish software. The EBCI’s Cannabis Management Board’s application type requires documentation of a person of 18 circumstances and a overall health professional’s signature. Additional than 750 people have used. Study additional listed here.
New York Cannabis Growers Showcase
Saratoga Springs’s initially Hashish Growers Showcase, which took area Sunday, Sept. 3 and Tuesday, Sept. 5 returned around $70,000 in gross revenue, town Accounts Commissioner Dillon Moran reported. Nine farms introduced their merchandise in addition to a processor – who basically makes edible items and beverages – throughout the Saratoga Springs showcase, which returned more than 300 transactions on each individual of its first two times. Examine extra listed here.
Oaksterdam University and REEFORM
Oaksterdam University has cast a partnership with the socially mindful hashish brand name REEFORM to give scholarships aimed at rehabilitating the life of those beleaguered by the shadows of Cannabis Prohibition and the overarching War on Medicines. Browse much more in this article.
