POSaBIT Systems Corp. (CSE: PBIT) (OTC: POSAF) reported a $2.1 million loss in its third quarter even though adoption of its new payment platform and expanded merchant base has grown. The cannabis fintech posted revenue of $4.1 million for the period ending Sept. 30, down 4% from the second quarter. …
Online cannabis wholesale platform LeafLink purchased one of its competitors, Leaf Trade, for an undisclosed sum, the companies announced Tuesday. The new acquisition by LeafLink will fuel more growth for the ancillary company, which said in a press release that Leaf Trade will bring with it plenty of new customers, …
Scotts Miracle-Gro (NYSE: SMG) is making major changes to its executive rank. Chris Hagedorn, who leads the company’s Hawthorne Gardening Co., was promoted to executive vice president and chief of staff to Chairman and CEO Jim Hagedorn, his father. The younger Hagedorn will maintain oversight of the hydroponics subsidiary, which …
The Daily Hit is a recap of the top financial news stories for Monday, November 25, 2024. On the Site Creditor asks California court to appoint receiver for Gold Flora, citing ‘dire liquidity issues’ The request stems from debts purchased from the now-defunct cannabis distributor Herbl. Read more here. Minnesota …