Las Vegas-based Planet 13 Holdings (CSE: PLTH) (OTCQX: PLNH) slowed its roll to accommodate industry setbacks, including the November loss of recreational marijuana legalization in Florida and “ongoing industry-wide price compression,” company leadership said during its quarterly earnings call last week. That means less rapid expansion and probably not as …
Chief medical marijuana regulator in Virginia steps down
On Wednesday, the Virginia Cannabis Control Authority announced that its acting chief of more than three years was stepping down. Jeremy Preiss, who has served as the CCA’s acting head and chief officer of regulatory, policy and external affairs since January 2022, will be replaced by Chief Administrative Officer Jamie …
Michigan cannabis company calls regulators ‘ruthless’ as it agrees to shut down, exit industry
This article was reprinted with permission from Crain’s Detroit Business. Hazel Park, Michigan, marijuana processor Flavor Galaxy shuttered operations after reaching a deal with regulators over its alleged use of illicitly grown marijuana in its products. But another year will go by before Flavor Galaxy’s owners exit the industry voluntarily …
Mercanto Holdings posts second-quarter loss as Quebec cannabis market lulls
Mercanto Holdings (TSXV: MUSH) posted a quarterly net loss on Thursday as the Canadian cannabis producer grapples with market headwinds in its core Quebec region as it hones in on a national expansion strategy. The Montreal-based company, which was known as The Good Shroom Co. until January, posted a net …