The Daily Hit is a recap of the top financial news stories for Wednesday, October 2, 2024. On the Site Judge clears Tilray execs of wrongdoing, dismisses investor lawsuit The lawsuit centered on allegations of fraud related to Tilray’s 2019 deal with Authentic Brands. Read more here. Arkansas cannabis campaign …
Arkansas cannabis campaign sues state over ballot measure rejection
The political campaign trying to get a ballot measure before Arkansas voters to expand the state’s medical marijuana program filed a lawsuit against officials this week after its initiative was ruled ineligible for the November election, alleging that the secretary of state used a subjective interpretation of law to disqualify …
PharmAla Biotech to supply MDMA for Harvard med school clinical trial
PharmAla Biotech Holdings Inc. (CSE: MDMA) (OTC: MDXXF) will supply MDMA for a clinical trial at Harvard Medical School’s McLean Hospital, the company announced Wednesday. McLean Hospital, located in Belmont, Massachusetts, is the largest psychiatric research facility affiliated with Harvard Medical School. Financial terms of the agreement were not disclosed. …
Lobe Sciences, Alera Pharma get patent for stable psilocybin drug
Lobe Sciences, Ltd. (CSE: LOBE), (OTCQB: LOBEF) and Alera Pharma announced the issuance by the United States Patent and Trademark Office (USPTO) of U.S. Patent number 12,102,616 titled “Psilocin Mucate”. Lobe Sciences said it will assign the intellectual property rights associated with this patent to Alera Pharma. last month Lobe …