The city of Pittsfield, Massachusetts, agreed to pay $786,625 to settle lawsuits brought by three cannabis retailers over community impact fees. The settlements with Temescal Wellness, Berkshire Roots, and Bloom Brothers were approved by the Pittsfield City Council in a 10-1 vote, according to the Berkshire Eagle. Under the deals, …
Cansortium narrows loss as Fluent sales surge in Florida
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 …