Toronto-based Cybin Inc. and UK-based Small Pharma Inc. have announced a definitive agreement for Cybin to acquire all outstanding securities of Small Pharma in an all-share transaction. The move will combine the two companies’ efforts in developing psychedelic-based treatments for mental health conditions. The combined portfolio will include 28 granted …

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 …