The Daily Hit is a recap of the top financial news stories for Jan. 2, 2024. On the Site New York Makes Two MSOs Wait for Recreational Market Entry During a chaotic meeting on Friday, New York marijuana regulators told two multistate operators – Fiorello Pharmaceuticals Inc., which is owned …
Author: Extroverting
Shiny Health & Wellness Faces Revenue Slide, Rising Net Loss
Toronto-based cannabis operator Shiny Health & Wellness Corp. (TSXV: SNYB) experienced a notable dip in revenue and a rise in net loss, according to its financial statements for the third quarter ending Oct. 31, 2023. The company’s revenue fell 42.7% in the three-month period, to C$4.28 million, compared to the same …
Trulieve Closes $25 Million Financing Deal
Florida-based Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) announced last week that it secured a new commercial loan of $25 million at 8.31% interest for five years. Funds from the deal will be used to help the company pay for ongoing operations. The company put up one of its Florida …
Survey: Most Veterans Support Expanding Medical Cannabis Access
Seventy-nine percent of veteran respondents and 92 percent of their family members said, “Veterans Administration doctors should be legally allowed to recommend marijuana to veterans if the doctor believes the patient could benefit from [it.]” The post Survey: Most Veterans Support Expanding Medical Cannabis Access appeared first on NORML.