The recent Aug. 8 auction for Skymint had only one taker – Tropics LP, the Canadian investment firm that held the debt that pushed the company into receivership in the first place. Tropics is now set to proceed with a credit bid process, which allows a creditor to bid on …

The Daily Hit is a recap of the top financial news stories for August 1, 2023. On the Site TerrAscend Forecasts 23% Net Revenue Growth in 2023 TerrAscend Corp. (TSX: TSND) (OTCQX: TSNDF) reported net revenue of $72.1 million for its second quarter ended June 30, an increase of 12.7% …

A broad trend of cannabis industry belt-tightening has now affected advocacy efforts in Washington, D.C., with many trade organizations slashing their lobbying budgets or in some instances shuttering the efforts altogether. Individual companies have also taken the axe to how much they spend on federal lobbyists, STAT reported, which includes …

Maryland cannabis companies sold a total of $87.43 million worth of both medical and recreational marijuana goods in the market’s first month of adult-use sales, according to state figures. Between July 1-30, according to a breakdown from the Maryland Cannabis Administration, dispensaries sold: $51.1 million in flower $22.1 million …