Nutraceutical firm Irwin Naturals Inc. (CSE: IWIN) (OTC: IWINF) (FRA: 97X) continued to pay for its expansion into psychedelics clinics, posting a $5.4 million loss in the second quarter ended June 30, down from a $111,000 profit for the same period a year ago. Total losses for the year so …

Red Light Holland Corp. (CSE: TRIP) (OTCQB: TRUFF) reported a solid boost in sales in its first-quarter financial statements ending June 30. The Ontario-based psilocybin truffles company recorded revenue of $1.2 million for the period, an increase of 53.1% compared to $800,000 in 2022, and gross profit of $500,000, up …

On August 3, Green Market Report hosted its 2023 Finance Summit. At the Summit, the winners of the 2023 GMR Cannabis Finance Awards were announced. The winner of the Top Woman in Finance was Lynn Ricci, head of investor relations and communications for Tilt Holdings Inc. (Cboe: TILT) (OTCQX: TLLTF), a position she’s held since …

Silo Wellness, Inc. (CSE: SILO) (OTCQB: SILFF) is buying NUGL Inc. (OTC Pink: NUGL) in a deal valued at C$43 million. Last month Silo announced it was partnering with Jamaica-based Kaya Group, which is owned by Nugl. Nugl and Kaya merged in April 2022 to form a multifaceted cannabis lifestyle …