Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) reported stronger sales and a smaller loss for the first quarter ending March 31, as the multistate cannabis company benefited from continued growth in Florida’s medical marijuana market. The Miami-based company booked revenue of $25.2 million for the period, up 14% from a year …
Canopy execs bet on diversification following $657 million loss
Just days after Canopy Growth Corp. (TSX: WEED) (NASDAQ: CGC) reported a $657 million net loss for its most recent fiscal year, which concluded at the end of March, company leadership insisted during the business’s regular earnings call that it is moving in the right direction by with a broadening …
The Daily Hit: May 30, 2024
The Daily Hit is a recap of the top financial news stories for Thursday, May 30, 2024. On the Site Cansortium, RIV Capital to merge, creating new four-state MSO Once the deal closes, the newly formed multistate operator will have eight cultivation and processing facilities and 42 dispensaries. Read more …
AgriCann implements layoffs, other cost-cutting measures in bid for survival
Struggling British Columbia-based AgriCann Solutions Corp. remains under a cease trade order from the British Columbia Securities Commission amid its three-month stall in cannabis production. The company also laid off an undetermined number of staff in order to cut costs and said it may have to exit the public sphere …