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Ascend Wellness in the red as it trims outlook on higher competition
Ascend Wellness Holdings Inc. (CSE: AAWH.U) (OTCQX: AAWH) reported mixed second-quarter results on Monday, with revenue growth offset by declining profits amid more competition in some markets. The New York-based multistate operator posted revenue of $141.5 million for the quarter ending June 30, up 15% from a year earlier. However, …
Incannex Healthcare gets FDA nod for Phase 2 trial
Incannex Healthcare Inc. (Nasdaq: IXHL) has received approval from the US Food and Drug Administration (FDA) to begin its Phase 2 clinical trial studying psilocybin on patients with generalized anxiety disorder (GAD). The trial uses Incannex’s psilocybin compound known as PSX-001. The psilocybin treatment is also accompanied by psychotherapy. Incannex …