After less than seven months on the job, the CEO of MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) announced her departure, and the board of directors has chosen a new chief restructuring officer to take over management of the struggling multistate operator. Ellen Deutsch Harrison, who was named CEO last …
Author: Extroverting
Tara Mind attracts $8M to bring ketamine therapy to workplace benefits
Tara Mind secured $8 million in funding to expand access to ketamine-assisted therapy for employees, as part of their health benefits. The funding round was led by private equity firm Satori Neuro, with notable contributions from Echo Investment Capital, Crumpton Ventures, Empath Ventures, and entrepreneur Blake Mykoskie, founder of TOMS. …
Parke Bancorp posts mixed financial results amid cannabis headwinds
Parke Bancorp Inc. (NASDAQ: PKBK) had a tough 2023, especially when it came to its cannabis investments, resulting in mixed performance in its fourth quarter and annual report. For the quarter ending Dec. 31, 2023, the parent company of Parke Bank reported net income of $8.2 million, a notable decrease …
EU awards €6.5 million for psychedelic drug trial
The European Union awarded €6.5 million to PsyPal, a consortium of 19 partners from nine different European countries, for a study on the psychedelic compound psilocybin. PsyPal includes: Psychiatrists Palliative care physicians Psychologists Experts in psilocybin therapy Researchers focusing on spiritual care Representatives from religious institutions The trial …