New York state authorities have taken their first steps outside of New York City to address the broader unlicensed marijuana market across the Empire State, with raids on seven illicit shops in Cayuga, Oswego, and Wayne counties. Officials from the New York Office of Cannabis Management, the attorney general’s office, …
MariMed Sues Nevada Cultivator Over Failed $2.4M Deal
Massachusetts-based multistate operator MariMed (OTCQX: MRMD) is suing a Nevada cultivation company, The Harvest Foundation LLC, claiming the owners lost their state-issued licenses to grow cannabis before a multimillion-dollar sale was finalized. The suit, which was filed in Massachusetts federal court last week, alleges Harvest owners Larry Lemons and Donnie …
Columbia Care, Cresco Labs Sack $2 Billion Megadeal
After months of swirling doubt and some bought time, Cresco Labs (CSE: CL) (OTC: CRLBF) and Columbia Care (Cboe/NEO: CCHW) (CSE: CCHW) (OTC: CCHWF) have mutually agreed to terminate their planned $2 billion merger, according to announcements from both companies Monday. The deal, once …
Red Light Holland Sees Rising Revenue, Better Margins in 2023
Ontario-based mushroom maker Red Light Holland Corp. (CSE: TRIP) (OTCQB: TRUFF) reported a decent boost in both revenue and gross profit for its fiscal year ending March 31, 2023. The company, known for its premium brand of psilocybin truffles sold in the Netherlands’ legal, recreational market, saw its revenue rise …