The data now confirms that cannabis is more capital-intensive than other similar industries. A new report from Viridian Capital Advisors looked at the capital needs of cannabis companies versus four other industries. Viridian chose to compare cannabis to other companies and sectors that would be likely acquirers of cannabis companies …

The Daily Hit is a recap of the top financial news stories for Aug. 28, 2023. On The Site Planet 13 Buys Florida’s VidaCann in $48 Million Deal Planet 13 Holdings Inc. (CSE: PLTH)(OTCQX: PLNHF) announced it is buying Florida-based VidaCann, LLC in a deal valued at $48.9 million. The deal also …

Cansortium Inc. (CSE: TIUM.U) (OTCQX: CNTMF), a cannabis company that operates under the Fluent brand, reported a 9% increase in its second-quarter revenue ending June 30, reaching $24.4 million versus $22.4 million in the same quarter last year. But the revenue figure missed Seeking Alpha’s analyst expectations by $1.6 million …

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 Investment Analyst in Cannabis was Vahan Ajamian of High Tide Inc. (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), which operates primarily in Canada but …