SNDL Inc. (Nasdaq: SNDL) agreed to buy out minority shareholders of Nova Cannabis Inc. in a deal valued at approximately C$40 million, a move that will strengthen its position in Canada’s cannabis retail market. The all-cash transaction, announced Tuesday, will see SNDL acquire the remaining 34.8% of Nova shares it …
Number of the Week: $366
$366 – Average cannabis retail sales per resident in Alaska Alaska may have a small population, and its total cannabis retail sales for the 12 months that ended in June might seem small, but the state leads the nation in sales per resident at $366 for that period. The second-place …
Irwin Naturals files for Chapter 11 bankruptcy
Earlier this year, Irwin Naturals Inc. (OTC: IWINF) appeared to wear out its welcome as a client of East West Bank (EWB). Now, the supplements company has filed for Chapter 11 bankruptcy. Green Market Report reported in July that Irwin Naturals quit making payments on the $40 million loan provided …
The Daily Hit: August 12, 2024
The Daily Hit is a recap of the top financial news stories for Monday, August 12, 2024. On the Site Leadership exodus at Massachusetts Cannabis Control Commission Two directors left their posts in recent days, though no information on why or exactly when was available. Read more here. California judge …