While everyone in the cannabis industry has likely heard of Trulieve Cannabis Corp. (OTCQX: TCNNF) by this point, some of the multistate operator’s biggest competition in Florida might be coming from some of the state’s smallest players. According to the latest data from the state’s Office of Medical Marijuana Use, …
The Daily Hit is a recap of the top financial news stories for Wednesday, July 24, 2024. On the Site SEC sues California cannabis investor over $38 million ‘Ponzi-like’ scheme Newell, through Black Hawk and its related funds, promised investors a 10% annual return, but the funds were not profitable. …
Privately owned wholesale platform company LeafLink is buying Dama Financial’s banking division for an undisclosed amount. The announcement follows LeafLink‘s recent upsizing of its Series D fundraising round from $100 million to $125 million, potentially to fund the acquisition. Leaflink previously raised $100 million in 2023 when it named its current …
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 …