Cannabis investors are a hardy bunch. They have been beaten down time and time again, but continue to hang tough with the sector despite continuous markdowns in the stock valuations. This week’s news of a delay in the rescheduling process has slapped the stocks down yet again. The AdvisorShares Pure …
Psilera gets positive news on psilocybin drug for dementia
Psilera Inc. reported positive results in initial studies of its non-hallucinogenic psilocybin drug that it plans to use in dementia treatments. The initial toxicity readouts from maximum tolerated dose in vivo studies show a strong safety profile for the company’s PSIL-006 drug. “From the start, our primary focus was to …
Ascend Wellness parts with both its CEO, CFO
Ascend Wellness Holdings, Inc. (CSE: AAWH-U.CN) (OTCQX: AAWH) has terminated its Chief Executive Officer John Hartmann and the company’s Chief Financial Officer Mark Cassebaum, effective immediately. The Board of Directors has appointed Samuel Brill, who is a current director, as CEO. Brill has served on the company’s Board of Directors since …
Number of the Week: 290
290 – Dispensaries organized under the UFCW The cannabis industry has been a key target for large unions in the U.S. According to the United Food and Commercial Workers International Union’s website, 290 dispensaries have signed onto the union, as well as 36 grow facilities. The International Brotherhood of Teamsters …