Canada’s High Tide Inc. (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA) is hitting the brakes on expansion plans and M&A activity for the foreseeable future, despite coming off a quarter that CEO Raj Grover said had “record revenue” for the company. Raj Grover Grover forecast that in doing so, High Tide …
The Daily Hit is a recap of the top financial news stories for March 28, 2023. On the Site Judge Narrows New York Retail Licensing Injunction to One Region An injunction issued by a federal judge in November that has stalled retail cannabis licensing in five of New York’s regions …
One of the longest-running cannabis current events websites, Leafly.com, is exiting the cannabis news business in favor of more consumer-oriented content. “Our content will be more product and marketplace-driven … providing consumers with information they are looking for to help them make informed decisions about what cannabis to try and …
A coalition of eight companies that submitted bids for medical marijuana licenses in Georgia have filed suit against the state, alleging that the permitting process was corrupt and fraudulent and asking a judge to set aside the license awards. “We’re going to fight to make sure it’s done the right …