Tag: Investing
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Pennsylvania’s medical market does not want state run stores
At the recent Pennsylvania Cannabis Convention in Pittsburgh, stakeholders in the existing medical market all fear that the state may legalize adult-use cannabis but pivot to a state store program. They claim this will crush the 25,000 jobs created with the medical program. The state currently hosts numerous MSOs as …
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SNDL to buy Cost Cannabis and T Cannabis for C$32 million
SNDL Inc. (Nasdaq: SNDL) is buying 32 cannabis retail stores known as Cost Cannabis and T Cannabis in Ontario, Alberta and Saskatchewan from 1CM Inc. (CSE: EPIC) (OTCQB: MILFF) in a deal valued at C$32.2 million. The deal is expected to close by the end of the third quarter of… …
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Tilray leaders bullish despite losing almost $800M in most recent quarter
Company leadership at Tilray Brands (NASDAQ: TLRY) insisted during the quarterly earnings call on Tuesday that an eye-popping $793.5 million net loss for its most recent quarter is no big deal, given that the business is continuing to pivot and expand its footprint internationally in both cannabis and beverages. The …