Author: Extroverting

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Cannabis stocks up briefly Thursday before plunging on Gaetz withdrawal

Cannabis stocks popped briefly on Thursday morning before taking a nosedive after President-elect Donald Trump’s pick for attorney general, former U.S. Rep. Matt Gaetz, announced his withdrawal from consideration for the job. The AdvisorShares Pure US Cannabis ETF (MSOS) – one of the touchstones of marijuana stock trading – opened …

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Ayurcann terminates SPAC deal, citing regulatory filing failures

Canadian cannabis manufacturer Ayurcann Holdings Corp. (CSE: AYUR) (OTCQB: AYURF) terminated its planned business combination with Arogo Capital Acquisition Corp. (NASDAQ: AOGO), a special purpose acquisition company, citing failures to meet key regulatory requirements. The Ontario-based company sent Arogo a termination letter stating the SPAC failed to fulfill covenants related …