The Daily Hit is a recap of the top financial news stories for Tuesday, October 15, 2024. On the Site BevCanna changes name as it says goodbye to cannabis The new company will focus on nutraceuticals after its recent acquisition. Read more here. Leafly at risk of Nasdaq delisting, plans …
Author: Extroverting
Avant Brands reports surge in international cannabis sales during Q3
Canadian cannabis producer Avant Brands Inc. (TSX:AVNT) (OTCQX: AVTBF) reported record third-quarter revenues on Tuesday, driven by surging international demand on its end. The company posted gross revenue of C$9.6 million for the quarter ended Aug. 31, up 27% from a year earlier. Net revenue rose 30% to C$8.5 million. …
Green Dragon warehouse sells for $11.4M as parent company Eaze preps shutdown
A warehouse used by cannabis operator Green Dragon has sold for $11.4 million, as its parent company prepares to shut down operations amid wider turmoil and legal disputes. Texas-based investor Donald A. Ball, operating as Kovak & Co., acquired the 91,981-square-foot Denver facility for about $124 per square foot, public …
Leafly at risk of Nasdaq delisting, plans appeal
Online cannabis advertising platform and marketplace Leafly Holdings Inc. (NASDAQ: LFLY) quietly reported last week that it may be delisted from the Nasdaq exchange. The Seattle-based firm received a delisting notice from Nasdaq staff on Oct. 4, according to an Oct. 10 in an 8-K filing with the U.S. Securities …