SNDL Inc. (Nasdaq: SNDL) and Nova Cannabis Inc. (TSX: NOVC) announced on Monday that SNDL has agreed to assign its rights to own or operate four Dutch Love cannabis retail stores to Nova in a deal that will see Nova issue $8.179 million of its shares to SNDL. The transaction, …
Number of the Week: 46.6%
46.6% – Percentage of cannabis users who reported using cannabis multiple times daily In the fourth quarter of 2023, the percentage of cannabis users who reported using cannabis multiple times daily decreased to 46.6%, down from 52.6% the previous year. This decline suggests that, in correlation with deteriorating economic conditions, …
MSOs stand to be big winners in Florida
Florida’s potential adult-use market is expected to be a big win for cannabis multistate operators. Not only do the companies expect sales increases, but stock valuations are also likely to rise. There are currently 20 licensed cannabis operators in the state, and nine of them are publicly traded MSOs. But …
The Daily Hit: April 1, 2024
The Daily Hit is a recap of the top financial news stories for Monday, April 1, 2024. On the Site Goodness Growth delivers increased revenue, agrees to sell Vireo Health of New York Goodness Growth Holdings Inc. (CSE: GDNS)(OTCQX: GDNSF) reported financial results for its fourth quarter and full year …