The Daily Hit is a recap of the top financial news stories for June 7, 2023. On the Site Red White & Bloom to Buy Financially Troubled Aleafia Red White & Bloom Brands Inc. (CSE: RWB)(OTC: RWBYF) is buying Aleafia Health Inc. (TSX: AH)(OTCQB: ALEAF) in a deal that gives …

During a Rhode Island state Senate hearing this week, some of the 60 licensed marijuana farmers begged regulators to increase the number of licensed dispensaries, since the current number of seven is far from enough to handle the amount of cannabis the farms have ready to sell. Rhode Island launched …

San Francisco has apparently settled on a deal for a temporary ban on new marijuana business permits in the city, after an initial proposal to indefinitely prohibit new license applications was walked back. Under the terms of the measure approved unanimously by the city Board of Supervisors on Tuesday, no …

Red White & Bloom Brands Inc. (CSE: RWB)(OTC: RWBYF) is buying Aleafia Health Inc. (TSX: AH)(OTCQB: ALEAF) in a deal that gives RWB 76% of the combined company, leaving Aleafia shareholders with 24%. The company believes there will by $10 million in synergy savings. After experiencing recurring losses, and Aleafia …