The Daily Hit is a recap of the top financial news stories for Wednesday, June 12, 2024. On the Site Colorado has worst April cannabis sales month since 2016 The year-over-year sales decline came despite high hopes for 4/20. Read more here. Blüm wins eviction lawsuit against People’s California Unrivaled …
Atai bids to buy IntelGenx
IntelGenx Corp. (OTCQB: IGXT) (TSX: IGX) was granted protection under the Companies Creditors Arrangement Act, which is the Canadian version of bankruptcy. The company told investors that on May 27, the court granted an order that approved a sale and investment solicitation process for its assets. The court also approved …
Massachusetts unlikely to act on intoxicating hemp restrictions until 2025
Massachusetts state lawmakers this week said they’re not likely to deal with intoxicating hemp goods during this year’s legislative session, meaning the issue won’t change, from a legal perspective, at least until lawmakers reconvene in Boston next year. After a hearing this week of the legislature’s Joint Committees on Agriculture …
New York poised to reach $200 million in cannabis sales in June
Despite the rocky start, New York Gov. Kathy Hochul and the state’s Office of Cannabis Management project that total cannabis sales will exceed $200 million in early June. In May alone, sales surged by $4.4 million, reaching a total of $46.2 million. The last week of the month recorded a …