The Daily Hit is a recap of the top financial news stories for Monday, November 11, 2024. On the Site Former Surterra Wellness executives sue Wrigley over overvalued stock payments The employees are facing huge tax bills on the inflated shares, but the shares are worthless Read more here. DC …
Ispire Technology posts slimmer-than-expected loss, sales miss
Ispire Technology (Nasdaq: ISPR) shed some weight during the fiscal first quarter as the vaping technology company continued to expand its product lines, though sales fell short of analyst estimates. The California-based company posted a net loss of $5.6 million for the first quarter ending Sept. 30, versus a loss …
Green Thumb unfazed by election results: ‘We continue to execute’
One of the few profitable multistate operators in the U.S. cannabis trade, Chicago-based Green Thumb Industries (CSE: GTII) (OTCQX: GTBIF), is “frustrated” but undaunted by this year’s election results, including the failure of recreational marijuana in Florida. “Now that the election is over, the good news for us is that …
Planet 13 cuts losses, grows balance sheet, largely thanks to Florida entrance
Nevada-based Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) this week reported a net loss of $7.4 million for the third quarter, down significantly from the $46.3 million loss during the same quarter a year ago. The company reported revenue of $32.2 million, up year-over-year by almost 30% from $24.8 …