A federal magistrate judge recommended that fraud and securities claims should proceed in a lawsuit against cannabis social network MjLink.com and its parent company over allegedly inflated user metrics. U.S. Magistrate Judge Scott T. Varholak found that investor Alan Lamothe sufficiently alleged that executives made “fraudulent statements concerning the business …
Florida MSOs abandon medical marijuana ahead of potential adult-use legalization
Florida’s major cannabis multistate operators have seemingly abandoned the production of CBD and low-THC products which are often favored by patients seeking therapeutic benefits without the psychoactive effects. DocMJ has compiled a full report using the Florida Office of Medical Marijuana Use’s weekly data, which can be found here, to …
The Daily Hit: October 28, 2024
The Daily Hit is a recap of the top financial news stories for Monday, October 28, 2024. On the Site StateHouse receiver says cannabis receiverships on the rise A principal at Receivership Specialists, which was tapped by a court to oversee the distressed StateHouse Holdings, said demand for marijuana receivership …
Decibel Cannabis acquires AgMedica, plans private placement
Canadian licensed producer Decibel Cannabis Company Inc. (TSXV: DB) (OTCQB: DBCCF) said Monday that it acquired AgMedica Bioscience Ltd. for a C$6.3 million unsecured convertible debenture. The transaction adds AgMedica’s EU GMP and IMC-GAP certified annual flower production capacity of 5.1 metric tons per annum, bringing Decibel’s total exportable flower …