The Daily Hit is a recap of the top financial news stories for Thursday, September 26, 2024. On the Site SEC fines Former Weedmaps executives $175k apiece for ‘misleading’ user numbers The SEC announced earlier that the company agreed to a $1.5 million fine to settle the same allegations of …
4Front hires Canaccord Genuity to help with its finances
Phoenix-based 4Front Ventures Corp. (CSE: FFNT) (OTCQB: FFNTF) is making strategic moves to better position itself financially, the company announced on Thursday. The steps included retaining Canaccord Genuity Corp. as a financial advisor and also taking out a new $850,000 loan to help pay for ongoing operations. In its most …
Kentucky awards first medical marijuana business permit to testing lab
Kentucky has given out its first medical marijuana business license, to KCA Labs in the town of Nicholasville, just south of Lexington. KCA Labs already tests hemp and other types of natural goods, Gov. Andy Beshear said during a press conference, WLKY reported, “I love that the first license is …
SEC fines Former Weedmaps executives $175k apiece for ‘misleading’ user numbers
The former chief executive officer and chief financial officer of WM Technology (Nasdaq: MAPS), the parent company of popular cannabis dispensary finder site Weedmaps, each agreed to pay $175,000 in fines to settle allegations that the company issued “misleading” user number metrics while they ran the business, essentially lying to …