NB Bancorp Inc. (Nasdaq: NBBK) reported a drop in third-quarter profit Thursday, despite strong growth in its cannabis banking business. Massachusetts-based bank holding company said its commercial real estate loans secured by cannabis facilities jumped by $49.1 million, or 18.3%, during the quarter to reach $317.3 million as of Sept. …
Whitney Economics’ new report, focused exclusively on the New York market, strongly suggests that the state’s cannabis market will hit $6 billion in two years. Despite a difficult launch, New York now has more than 200 licensed stores open and is poised to deliver just under a billion in sales …
Cookies Retail has filed a complaint against Cookies Creative Consulting and Promotions claiming the company didn’t follow through with a settlement agreement from a past lawsuit. The case lists several defendants but PTB Investment Holdings, LLC also known as GVB Biopharma is the one most referred to in the case. …
Compass Pathways (NASDAQ: CMPS) plans to cut about 30% of its workforce and halt early-stage research programs as the firm focuses resources on completing late-stage trials of its lead COMP360 program. The London-based company announced the restructuring alongside third-quarter financial results that showed a widening net loss of $38.5 million …