At the Green Market Report Finance Summit, hosted at the New England Cannabis Convention in Boston on March 22, Darren Gleeman, managing partner of MBO Ventures, picked up the award for Best Financial Advisor. Gleeman was drawn to the cannabis industry after learning about the tax burden imposed by 280E …
The Daily Hit: April 23, 2024
The Daily Hit is a recap of the top financial news stories for Tuesday, April 23, 2024. On the Site Trulieve settles former worker’s wrongful termination lawsuit The case also alleged that the cannabis company ignored safety and sexual harassment complaints. Read more here. ‘Don’t flood the market:’ Fault lines …
Hypha Labs pivots to psilocybin with new mushroom tech
Hypha Labs Inc. (OTC: DIGP), formerly known as Digipath, announced its transition from the cannabis industry to the emerging market of functional mushrooms, with a particular focus on psilocybin. The company said it has developed a patent-pending bioreactor technology that aims to streamline the production of active ingredients found in …
First-quarter cannabis industry sales indicate seasonal lull
While cannabis has its own unique considerations, it aligns with general retail on at least one front: Cannabis retailers typically experience a drop in sales in the first quarter, with the come-down from end-of-year holiday celebrations translating to a decrease in purchases. 2024 looks to be no different. Equity analyst …