The Day by day Strike is a recap of the prime financial information stories for Sept. 21, 2023.
On The Site
Modern Industrial Homes Gets Investor Lawsuit Dismissed
An investor lawsuit that accused hashish REIT (genuine estate investment decision rely on) Innovative Industrial Properties (IIP) (NYSE: IIPR) of figuring out about a fraudulent scheme by its tenant Kings Yard was dismissed by a New Jersey Decide. Read additional below.
Montana Marijuana Income Hit New Document in August
Healthcare and recreational cannabis product sales in Montana strike a report large in August of $28.6 million, according to state knowledge, up a notch from July when profits ended up $28.5 million. Study a lot more in this article.
Hemp Entrepreneur Named Minnesota Cannabis Czar
The upcoming Minnesota Business of Hashish Management now has a leader: Erin DuPree, founder of hemp merchandise retail store Loonacy Hashish Co. in Apple Valley that offered lower-dose THC items. Read extra in this article.
The Cannabist Corporation Secures $25M in Non-public Placement
The Cannabist Corporation Holdings Inc. (NEO: CBST) (OTCQX: CCHWF) announced Thursday it finalized a non-public sale deal with institutional investors. The enterprise offered 22.2 million models at C$1.52 every, totaling somewhere around C$33.8 million (US$25 million). Go through a lot more in this article.
Filament Provides Coca Leaves to Canada From Peru
Magdalena Biosciences, the joint venture between Filament Health (OTCQB: FLHLF) (NEO: FH) and Jaguar Health and fitness Inc., has imported coca leaves to Filament’s Vancouver, British Columbia, investigate facility. Read through a lot more listed here.
C21 Sees Good Product sales Signals as Nevada Proceeds to Contract
C21 Investments Inc. (CSE: CXXI) (OTCQX: CXXIF) noted its financials for the period of time ending July 31. The enterprise logged a earnings of $7.2 million, mirroring its functionality from the prior calendar year. This arrives even as the broader Nevada hashish marketplace observed a 5% drop in income. Study additional here.
In Other News
Maine
Up to half of the items sold in Maine’s health-related hashish market could be contaminated with pesticides, unsafe microbes, yeast and mildew, in accordance to two research introduced this week. Browse a lot more below.
Congress
Republican senators, including the direct GOP sponsor of a bipartisan marijuana banking monthly bill, will shortly be introducing new legislation to protect against cannabis from getting federally legalized by the Food stuff and Drug Administration (Fda) without congressional acceptance. Study much more below.
