Frontier Risk Group raised $3.1 million in seed funding with the help of Casa Verde Capital, apparently on the wave of optimism generated by the marijuana rescheduling news this week. The Connecticut-based cannabis insurance firm works with reinsurers unfamiliar with the highly regulated marijuana landscape. It also provides risk management advising …

Cannabis financier XS Financial (OTCQB: XSHLF) reported its financial results for the second quarter ending June 30, showing rising revenues and lowered losses as it tries to refinance its debt. The company recorded an 80% year-over-year increase in revenue to $3 million, 56% increase in gross lease receivables, and 83% …

Oxford Cannabinoid Technologies Holdings plc (LSE: OCTP)reported its financial results for the year ending on April 30, 2023. While the company didn’t report any revenues, it did note that it has a robust balance sheet, debt-free with cash reserves of approximately £2.3 million. Oxford also stated that its cash is …

Toronto-based Mindset Pharma Inc. (CSE: MSET) (OTCQB: MSSTF) will be acquired by Japan-based Otsuka Pharmaceutical Co. through its American subsidiary in an all-cash transaction valued at approximately C$80 million ($59.15 million), the company announced Thursday. The agreement stipulates that each …