Missouri’s cannabis industry generated $1.8 billion in combined sales during its first year of adult-use operations, while the medical market saw dramatic declines following recreational legalization, according to the state’s first comprehensive cannabis report. The Missouri Department of Health and Senior Services reported adult-use sales reached $929.7 million during the …
Safe Harbor says merger deal went sideways when payment was directed to a personal account
Colorado-based SHF Holdings, Inc. (NASDAQ: SHFS) also known as Safe Harbor Financial agreed to buy Rockview Digital Solutions also known as Abaca in October 2022 for $30 million. The company agreed to make four payments to Rockview’s shareholders. According to the complaint, Daniel Roda was serving on behalf of the …
Number of the Week: 45%
45% – Number of likely voters in North Dakota in favor of adult-use legalization Will the third time be a charm? North Dakota voters will once again vote on whether to legalize adult-use cannabis in the state. A recent poll called the measure too close to call with less than …
Nasdaq just says no to penny stocks
Whether it’s ego or just a desire for legitimacy, cannabis companies have often viewed a Nasdaq listing as a sign of success. It was a badge of honor and a step above the OTC Marketplace. You were selling at Bloomingdale’s not Dollar General. But as the saying goes, be careful …