Greenlane Holdings, Inc. (NASDAQ: GNLN) said that it will conduct a 1-for-11 reverse stock split of its Class A common stock, effective Aug. 5 before market open. The cannabis accessories company said the move is primarily aimed at maintaining compliance with Nasdaq’s minimum bid price requirement. The company had been …
Jamaican pharmacy chain Fontana Pharmacy has partnered with the country’s first legal psychedelic consumer packaged good company PATOO to sell PATOO’s suite of legal and lab-tested psilocybin-infused products at seven locations across the island. “Jamaica has evolved into a sanctuary for those pursuing inner healing, and we are honored to …
Red Light Holland Corp. (CSE: TRIP) (OTCQB: TRUFF) reported a 20.3% increase in annual revenue for its 2024 fiscal year, which ended March 31, as it diversifies to mitigate wider regulatory slow-crawls in the psychedelic space. The Ontario-based company reported revenue of $4.75 million, up from $3.95 million in the …
RBC Capital Markets initiated coverage on Compass Pathways (NASDAQ: CMPS) with an “Outperform” rating on Tuesday, citing the potential for $2.3 billion in peak revenues from its lead psilocybin-based therapy program. In a research note shared with Green Market Report, RBC analyst Leonid Timashev set a $23 price target on …