The Daily Hit is a recap of the top financial news stories for Tuesday, September 24, 2024. On the Site Tilray joining the hemp-THC club in the U.S. with infused beverages Riding the DTC hemp wave allows the Canadian producer to expand its portfolio beyond just traditional marijuana and alcohol …
Author: Extroverting
Psyence Group offloads PsyLabs stake to spinoff
Psyence Group (CSE: PSYG) said it will sell its 11.13% stake in PsyLabs to its affiliate Psyence Biomedical (Nasdaq: PBM) for $1.1 million in stock. The deal calls for Psyence Biomedical to issue shares valued at 55 cents each to Psyence Group, according to a news release. PsyLabs is a …
Tilray joining the hemp-THC club in the U.S. with infused beverages
Tilray Brands (NASDAQ: TLRY) (TSX: TLRY) will introduce a line of hemp-derived delta-9 THC drinks in “key markets” in the U.S. next month. According to a Tuesday news release, the company formed a new business unit, Tilray Alternative Beverages, to implement moves like this. Tilray didn’t specify the markets where …
Village Farms acquires full ownership of Leli Holland
Village Farms International, Inc. (NASDAQ: VFF) said Tuesday it has acquired full ownership of Leli Holland, B.V., one of 10 licensed cannabis producers in the Netherlands’ new regulated program. The company upped its stake to 100% from 85%, nailing down its position in what CEO Michael DeGiglio called “one of …