The Daily Hit is a recap of the top financial news stories for Thursday, June 27, 2024. On the Site Parallel settles New York lawsuit, but more litigation still looms The drawn-out process that ultimately led to the settlement was criticized by a Manhattan judge. Read more here. Ayurcann to …
Ayurcann to merge with Arogo Capital Acquisition Corp.
Canada-based Ayurcann Holdings Corp. (CSE: AYUR) (OTCQB: AYURF) is set to merge with special purpose acquisition company Arogo Capital Acquisition Corp. (NASDAQ: AOGO) in a deal that will make a combined entity worth $210 million, the pair announced Thursday. Ayurcann, a cannabis extraction-focused company with a top-selling vape and pre-roll …
Hoodie Analytics raises $5M in Series A funding
Chicago-based Hoodie Analytics announced Thursday it raised $5 million in Series A funding to expand its cannabis market intelligence platform. The funding round was led by Measure 8 Venture Partners, an investment firm founded by Boris Jordan, executive chairman of Curaleaf. “We are immensely impressed by Hoodie’s innovative strides in …
Virginia delays medical license decision for Shenandoah region
The Virginia Cannabis Control Authority postponed its decision to award a medical cannabis license for a region encompassing the Shenandoah Valley and parts of central Virginia. The CCA was expected to name a licensee from among 40 applicants at its June 26 meeting. However, Shawn Casey, deputy chief of CCA’s …