The Daily Hit is a recap of the top financial news stories for Thursday, May 9, 2024. On the Site Tilt Holdings lands $10.5M for Pennsylvania build-out TILT said that the money came from “an experienced retailer and operator.” Read more here. South Dakota marijuana legalization campaign submits signatures to …
Planet 13 reports $6M loss in first quarter, preps for Florida expansion
Nevada-based Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) lost $5.9 million in the first three months of 2024, the company reported Thursday. The loss is a sequential improvement from its $14.3 million loss in the fourth quarter of 2023 and year-over-year from the $8.1 million lost in the opening …
South Dakota marijuana legalization campaign submits signatures to state
South Dakota cannabis activists are hoping the third time is a charm. A political campaign in the state called South Dakotans for Better Marijuana Laws said on Tuesday that it submitted more than 29,000 voter signatures to the state in favor of a ballot measure to legalize cannabis for adult-use, …
Curaleaf’s first quarter profit dips despite revenue gain
Curaleaf Holdings Inc. (TSX: CURA) (OTCQX: CURLF) reported lower profit for the first quarter ending March 31, even as revenue ticked higher across its operations. The New York-based multistate operator posted net income of $48.3 million for the period, down 11% from net income of $54.4 million in last year’s …